Wheeler REIT to effect 1-for-7 reverse stock split effective May 26, adjusts convertible securities

Wheeler Real Estate Investment Trust, Inc.

Reverse stock split at 1-for-7 ratio, effective 5:00 p.m. ET on May 26, 2025; fractional shares paid in cash.
Par value decreased from $0.07 to $0.01 per share effective 5:01 p.m. same day.
Conversion rate of 7% subordinated convertible notes due 2031 reduced from ~37.19 to ~5.31 shares per $25 principal.
Series B Preferred conversion price increased; one share now convertible into ~0.0000006 common shares.
Series D Preferred conversion price increased; one share now convertible into ~0.000001 common shares.

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