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:   2025-08-06T23:59:59+00:00
Accession:  0001527541-25-000202
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000202/0001527541-25-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000202/whlr-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000202

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