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:   2025-05-06T23:59:59+00:00
Accession:  0001527541-25-000096
Event type: other_material
Sentiment:  negative
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000096/0001527541-25-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000096/whlr-20250505.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000096

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