WHLR adjusts convertible note conversion price to $1.74 after November Series D redemptions

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7.00% Notes due 2031 cut from $3.59 to $1.74 per share, a 45% discount to $3.17.
November 2025: 5 redemption requests, 11,425 Series D shares redeemed, settled with 152,703 common shares issued.
Cumulative: 1,746,481 Series D shares redeemed to date; Company issued ~575,000 common shares in aggregate.
As of Nov 5, 2025: 1,380,640 common shares and 1,601,444 Series D shares outstanding.

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