Wheeler REIT exchanges 20k Series B & 20k Series D preferred shares for 600k common shares

Wheeler Real Estate Investment Trust, Inc.

Issued 600,000 common shares to two unaffiliated holders on April 25, 2025.
Exchanged 20,000 Series B Preferred and 20,000 Series D Preferred shares at 30 common per preferred.
No cash proceeds received; exchanged preferred shares retired and cancelled.
Exemption claimed under Section 3(a)(9) of Securities Act for exchange with existing holders.

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