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:   2024-11-15T23:59:59+00:00
Accession:  0001527541-24-000228
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT implements 1-for-2 reverse stock split effective Nov 18, 2024
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- Reverse stock split of common stock at 1-for-2 ratio effective 5:00 p.m. ET on Nov 18, 2024.
- Par value of common stock decreased from $0.02 to $0.01 per share effective 5:01 p.m. ET on Nov 18, 2024.
- Conversion rate of 7.00% subordinated convertible notes due 2031 reduced from ~10.53 to ~5.27 shares per $25 principal.
- No fractional shares issued; cash payment in lieu based on closing price on Nov 18, 2024.
- New CUSIP number 963025846 for common stock; trading symbol remains WHLR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754124000228/0001527541-24-000228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754124000228/whlr-20241115.htm
  HTML page:      https://secwatch.observer/filing/0001527541-24-000228

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