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:   2025-06-06T23:59:59+00:00
Accession:  0001527541-25-000145
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000145/0001527541-25-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000145/whlr-20250605.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000145

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