---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000096"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:40:43.382970+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT cuts conversion price to $0.67; warns of share shortage for June redemptions

## Summary
- Conversion price of 7% subordinated notes due 2031 adjusted to $0.67 per common share (from $1.97) due to Series D redemptions.
- May 2025: 23,070 Series D shares redeemed; Company issued 774,572 common shares at VWAP $1.22.
- Cumulative: 1,639,903 Series D shares redeemed for ~1.59M common shares; 3.85M common and 1.79M Series D outstanding.
- Company may lack registered common shares for June 5 redemptions; plans to file new registration statement but no assurance of effectiveness.

## SEC filing metadata
- accession: 0001527541-25-000096
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000096/0001527541-25-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000096/whlr-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000096
- JSON: https://secwatch.observer/filing/0001527541-25-000096.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.