Wheeler REIT issues ~1M common shares in exchange for preferred stock, diluting equity

Wheeler Real Estate Investment Trust, Inc.

Issued 1,002,374 common shares in multiple exchanges for 52,643 Series B and 4,696 Series D preferred shares.
Exchange ratios varied: 7-to-1, 10-to-1, 13-to-1, 16-to-1, and 146 common per 4 Series B + 1 Series D.
No cash proceeds; all exchanged preferred shares retired and cancelled.
Exempt from registration under Section 3(a)(9) of Securities Act; no commissions paid.
Transactions occurred July 29–Aug 4, 2026, with customary settlement.

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