---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000145"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T18:20:08.606723+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT adjusts note conversion price to $2.82; warns of insufficient registered shares for July redemptions

## Summary
- Conversion price for 7% Subordinated Convertible Notes due 2031 adjusted from ~$4.71 to ~$2.82 per share (40% reduction).
- June 2025: Processed 2 redemptions of 1,100 Series D preferred shares, issuing 8,871 common shares at ~$5.13 VWAP.
- Cumulative to date: 1,641,003 Series D shares redeemed, issuing ~235,500 common shares.
- Company warns it may not have enough registered shares for July redemptions; plans to file new registration statement.
- As of June 5, 2025: 558,209 common shares and 1,789,404 Series D preferred shares outstanding.

## SEC filing metadata
- accession: 0001527541-25-000145
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000145/0001527541-25-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000145/whlr-20250605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000145
- JSON: https://secwatch.observer/filing/0001527541-25-000145.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000145.txt

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