Wheeler REIT adjusts convertible notes conversion price to $3.59; processes Oct Series D redemptions

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7% Convertible Notes due 2031 reduced from ~$4.91 to ~$3.59/share (45% discount to $6.52 low).
October 2025: 10 redemption requests for 35,031 Series D shares, settled with 225,970 common shares at $42.07/share.
Cumulative: 389 requests redeemed 1,735,056 Series D shares; issued ~422,000 common shares total.
Outstanding as of Oct 6: 1,172,937 common shares, 1,612,869 Series D preferred shares.
Next redemption deadline Oct 25, 2025; next Holder Redemption Date Nov 5, 2025.

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