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:   2025-04-08T23:59:59+00:00
Accession:  0001527541-25-000076
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT adjusts conversion price on 2031 notes to $1.97 after Series D redemptions
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- Conversion price lowered from ~$4.56 to ~$1.97 per common share, a 45% discount to $3.58.
- 13 Series D Preferred Stock redemptions processed in April: 38,990 shares redeemed at ~$40.75/share.
- Aggregate redemption price settled with 443,715 common shares; VWAP was ~$3.58.
- Cumulatively, 1,616,833 Series D shares redeemed for 811,800 common shares; 1,936,274 Series D shares outstanding.
- Next redemption deadline: April 25, 2025; next Holder Redemption Date: May 5, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000076/0001527541-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000076/whlr-20250407.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000076

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