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:   2025-09-08T23:59:59+00:00
Accession:  0001527541-25-000223
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000223/0001527541-25-000223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000223/whlr-20250905.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000223

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