secwatch.observer — SEC 8-K summary
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Issuer:     Wheeler Real Estate Investment Trust, Inc. (WHLR)
CIK:        0001527541
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001527541-23-000058
Event type: other
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT completes 1-for-10 reverse stock split effective August 17, 2023
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- Reverse split ratio 1:10; effective 5:00 p.m. ET on Aug 17, 2023; no change to authorized shares.
- Warrant exercise prices reduced proportionally; number of shares purchasable increased.
- 7% subordinated notes conversion rate reduced from 4 to 0.4 shares per $25 principal.
- Series B preferred conversion price raised to $400/share; Series D to $169.60/share.
- Par value decreased from $0.10 to $0.01 per share effective Aug 17, 2023 at 5:01 p.m.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000058/0001527541-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754123000058/whlr-20230816.htm
  HTML page:      https://secwatch.observer/filing/0001527541-23-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer