---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-25-000300"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T13:57:44.379923+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wheeler REIT adjusts convertible note conversion price to $1.90, issues common for preferred

## Summary
- Issued 429k common shares to two investors in exchange for 33k Series D and 66k Series B preferred shares on Dec 5 and 8, 2025.
- Issued additional 451.2k common shares to a third investor for 37.6k Series D and 75.2k Series B preferred on Dec 8, 2025.
- Conversion price of 7% Subordinated Convertible Notes due 2031 lowered from ~$3.48 to ~$1.90 per share, a 45% discount.
- Processed 3 redemption requests for 12,700 Series D shares at ~$42.62 per share, settled with 157,093 common shares.
- As of Dec 8, 2025, outstanding common shares 1,783,599 and Series D preferred 1,519,144.

## SEC filing metadata
- accession: 0001527541-25-000300
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000300/0001527541-25-000300-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754125000300/whlr-20251205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-25-000300
- JSON: https://secwatch.observer/filing/0001527541-25-000300.json
- Plain text: https://secwatch.observer/filing/0001527541-25-000300.txt

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