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:   2026-03-06T23:59:59+00:00
Accession:  0001527541-26-000060
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheeler REIT adjusts convertible note conversion price to $1.04 after Series D redemptions
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- Conversion price of 7.00% subordinated notes due 2031 cut to ~$1.04/share (24.12 shares per $25 principal) after Series D conversions at $1.88.
- March 2026: 6,502 Series D shares redeemed at ~$41.72 each (incl. accrued dividends), settled with 143,914 common shares.
- Cumulative: 1,777,083 Series D shares redeemed since program launch, with ~393,000 common shares issued.
- As of March 6, 2026: 1,433,983 common shares and 1,640,295 Series D shares outstanding.
- Next Series D redemption deadline: March 25, 2026; next holder redemption date: April 6, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000060/0001527541-26-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000060/whlr-20260305.htm
  HTML page:      https://secwatch.observer/filing/0001527541-26-000060

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