---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000285"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-11-25T23:59:59+00:00"
generated_at: "2026-05-16T16:53:52.605525+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT announces 1-for-2 reverse stock split effective Nov 28, 2025

## Summary
- Reverse split effective 5:00 p.m. ET Nov 28; trading on split-adjusted basis Dec 1.
- Pre-split shares outstanding 1,380,640; post-split approx 690,320 shares; no change to authorized shares.
- No fractional shares issued; cash in lieu based on Nov 28 closing price.
- Conversion rate of 7% subordinated notes due 2031 reduced from ~14.35 to ~7.17 shares per $25 principal.
- Conversion price of Series B and Series D preferred stock proportionally increased.

## SEC filing metadata
- accession: 0001527541-25-000285
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-11-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000285/0001527541-25-000285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000285/whlr-20251125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000285
- JSON: https://secwatch.observer/filing/0001527541-25-000285.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000285.txt

## Key facts
- Governance Changes
  Wheeler Real Estate Investment Trust, Inc.: Filed two Articles of Amendment to charter for a one-for-two reverse stock split effective November 28, 2025, and a par value decrease from $0.02 to $0.01 per share effective at 5:01 p.m. on the same date (effective 2025-11-28).
  - Change: charter amendment
  - Effective: 2025-11-28
  source text: On November 25, 2025, in connection with a one-for-two reverse stock split (the “ Reverse Stock Split ”) of the Common Stock of the Company, to be effective on November 28, 2025, the Company filed two Articles of Amendment to its charter with the State Department of Assessments and Taxation of Maryland
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000285/0001527541-25-000285-index.htm

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