Wheeler REIT adjusts Note conversion price to $2.60 after Series D redemptions in Feb 2026

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7% Subordinated Convertible Notes due 2031 adjusted to approx. $2.60 per share, a 45% discount to the $4.72 VWAP.
February 2026: redeemed 10,700 Series D shares at ~$42.35/share; settled with 95,904 common shares.
Cumulative redemptions: 1,770,581 Series D shares redeemed, issuing ~249,000 common shares.
As of Feb 6, 2026: 790,739 common shares and 1,577,898 Series D preferred shares outstanding.
Next redemption deadline: Feb 25, 2026; March redemption date March 5, 2026.

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