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:   2026-05-06T23:59:59+00:00
Accession:  0001527541-26-000108
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000108/0001527541-26-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000108/whlr-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001527541-26-000108

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