---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000223"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:35:39.275010+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wheeler Real Estate adjusts convertible note conversion price to $0.98 per share after preferred redemptions

## Summary
- Conversion price of 7.00% Subordinated Convertible Notes due 2031 reduced from ~$2.00 to ~$0.98 per share, a 45% discount to the $1.78 reference price.
- On September 5, 2025, the company processed 8 Series D Preferred redemption requests totaling 11,551 shares, issuing 270,184 common shares as settlement.
- Cumulatively, 379 redemption requests have redeemed 1,700,025 Series D shares, with ~982,000 common shares issued in settlement.
- As of September 5, 2025, outstanding common shares were 3,108,970 and Series D Preferred shares were 1,715,500.
- The next monthly redemption deadline is September 25, 2025, with the Holder Redemption Date on October 6, 2025.

## SEC filing metadata
- accession: 0001527541-25-000223
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000223/0001527541-25-000223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000223/whlr-20250905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000223
- JSON: https://secwatch.observer/filing/0001527541-25-000223.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000223.txt

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