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:   2025-05-21T23:59:59+00:00
Accession:  0001527541-25-000124
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000124/0001527541-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000124/whlr-20250521.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000124

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