Wheeler REIT announces 1-for-3 reverse stock split and preferred-for-common exchanges

Wheeler Real Estate Investment Trust, Inc.

Reverse stock split effective Jan 16, 2026 at 5pm ET; post-split shares ~694,858 from 2,084,573.
Issued 175,000 common shares to unaffiliated holders in exchange for 6,250 Series D and 12,500 Series B preferred shares; no cash proceeds.
Conversion rate of 7.00% subordinated convertible notes due 2031 reduced from ~21.50 to ~7.17 shares per $25 principal.
Conversion prices of Series B and Series D preferred stock proportionally increased; shares become convertible into negligible common shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Wheeler Real Estate Investment Trust, Inc.: Filed articles of amendment to charter for one-for-three reverse stock split effective January 16, 2026 and par value decrease from $0.03 to $0.01 per share effective same day (effective 2026-01-16).

Change: charter amendment
Effective: 2026-01-16

Exact text from the filing

On January 14, 2026, in connection with a one-for-three reverse stock split (the “ Reverse Stock Split ”) of the Common Stock of the Company, to be effective on January 16, 2026, the Company filed two Articles of Amendment to its charter with the State Department of Assessments and Taxation of Maryland that provide for: i. a one-for-three Reverse Stock Split of the Common Stock, to be effective at 5:00 p.m. Eastern Time (the “ Effective Time ”) on January 16, 2026 (the “ First Amendment ”); and ii. the par value of the Common Stock to be decreased from $0.03 per share (as a result of the one-for-three Reverse Stock Split) to $0.01 per share, to be effective at 5:01 p.m. Eastern Time on January 16, 2026 (the “ Second Amendment ”).

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Wheeler Real Estate Investment Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001527541-26-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.