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:   2025-12-08T23:59:59+00:00
Accession:  0001527541-25-000300
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000300/0001527541-25-000300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754125000300/whlr-20251205.htm
  HTML page:      https://secwatch.observer/filing/0001527541-25-000300

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer