Wheeler REIT adjusts convertible note conversion price to $1.16 per share after Series D redemptions

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7.00% Subordinated Convertible Notes due 2031 adjusted to ~$1.16/share (45% discount from $2.11).
January 2026: 700 Series D Preferred shares redeemed at ~$42.20/share, settled with 13,974 common shares.
Cumulative: 1,759,881 Series D shares redeemed via 398 requests; ~459,000 common shares issued.
As of Jan 6, 2026: 1,909,573 common shares and 1,577,848 Series D shares outstanding.
Next redemption deadline Jan 25, 2026; Holder Redemption Date Feb 5, 2026.

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