Wheeler REIT cuts convertible note conversion price to $0.40, 45% discount

Wheeler Real Estate Investment Trust, Inc.

7% Subordinated Convertible Notes due 2031 conversion price adjusted to ~$0.40/share (62.52 shares per $25 principal), a 45% discount to $0.73.
August 5, 2026: 7,100 Series D Preferred shares redeemed at ~$41.29 each, settled with 403,236 common shares.
Cumulative Series D redemptions: 1,819,028 shares redeemed; common outstanding 2,434,904, Series D 1,770,859 as of Aug 5, 2026.
Next redemption deadline Aug 25, 2026; next holder redemption date Sep 8, 2026.

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