Wheeler REIT adjusts convertible note conversion price to $0.57 after Series D redemptions

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7% Subordinated Convertible Notes due 2031 adjusted to ~$0.57 (45% discount to $1.04).
April 2026: 5,200 Series D preferred shares redeemed at ~$41.28 each, settled via 207,066 common shares.
Cumulatively, 1,782,283 Series D shares redeemed for ~600,000 common shares issued to date.
As of Apr 6, 2026: 1,813,124 common shares and 1,715,095 Series D shares outstanding.
Next redemption deadline Apr 27, 2026; holder redemption date May 5, 2026.

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