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:   2026-04-07T23:59:59+00:00
Accession:  0001527541-26-000091
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000091/0001527541-26-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000091/whlr-20260406.htm
  HTML page:      https://secwatch.observer/filing/0001527541-26-000091

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