---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000202"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:20:16.395703+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT adjusts convertible note conversion price to $2.00 after Series D redemptions

## Summary
- Conversion price on 7% Subordinated Convertible Notes due 2031 reduced from ~$2.82 to ~$2.00 per share.
- On Aug 5, 2025, processed 13 redemptions of 35,981 Series D shares at ~$41.43/share, issuing 410,202 common shares.
- 10-day VWAP before Aug 5 was ~$3.63; Series D shares outstanding 1,785,051 as of Aug 5, 2025.
- Registration statement for up to 100M common shares effective June 20, 2025; September redemptions will use registered shares.
- Cumulative: 371 redemptions, 1,688,474 Series D shares redeemed, ~712,000 common shares issued to date.

## SEC filing metadata
- accession: 0001527541-25-000202
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000202/0001527541-25-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000202/whlr-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000202
- JSON: https://secwatch.observer/filing/0001527541-25-000202.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000202.txt

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