Wheeler Real Estate announces 1-for-5 reverse stock split effective March 26, 2025

Wheeler Real Estate Investment Trust, Inc.

Reverse split effective 5:00 p.m. ET March 26; par value reduced to $0.01 per share.
No fractional shares; stockholders receive cash in lieu based on March 26 closing price.
Conversion rate on 7.00% subordinated convertible notes reduced from 27.41 to 5.48 shares per $25.
Series B preferred conversion price increases from $1,152,000 to $5,760,000 per common share.
New CUSIP 963025820; trading symbol WHLR unchanged.

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