---
schema_version: "secwatch.filing_event.v1"
accession: "0001527541-26-000108"
form_type: "8-K"
ticker: "WHLR"
cik: "0001527541"
company_name: "Wheeler Real Estate Investment Trust, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:37:17.118095+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# WHLR adjusts convertible note conversion price to $1.03 after May Series D redemptions

## Summary
- Conversion price for 7% Subordinated Notes due 2031 (WHLRL) lowered to ~$1.03, a 45% discount to the $1.87 VWAP.
- May 2026: 13,745 Series D Preferred (WHLRD) shares redeemed at ~$40.99 each, settled with 301,743 common shares.
- Cumulative to date: 1,796,028 Series D shares redeemed for ~502,000 common shares issued.
- As of May 5, 2026, WHLR had 1,042,613 common and 1,762,819 Series D Preferred shares outstanding.
- Next redemption deadline: May 25, 2026; next Holder Redemption Date: June 5, 2026.

## SEC filing metadata
- accession: 0001527541-26-000108
- form_type: 8-K
- ticker: WHLR
- cik: 0001527541
- company_name: Wheeler Real Estate Investment Trust, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527541/000152754126000108/0001527541-26-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527541/000152754126000108/whlr-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001527541-26-000108
- JSON: https://secwatch.observer/filing/0001527541-26-000108.json
- Plain text: https://secwatch.observer/filing/0001527541-26-000108.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.