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:   2026-01-14T23:59:59+00:00
Accession:  0001527541-26-000011
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000011/0001527541-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000011/whlr-20260108.htm
  HTML page:      https://secwatch.observer/filing/0001527541-26-000011

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