Wheeler REIT cuts convertible note conversion price to $0.54; redeems 8,200 Series D shares

Wheeler Real Estate Investment Trust, Inc.

Conversion price of 7.00% Subordinated Convertible Notes due 2031 adjusted to ~$0.54/share (from $0.98), a 45% discount, effective after September redemptions.
September 8, 2026: 8,200 Series D Preferred shares redeemed at ~$41.66/share, settled with 348,896 common shares.
Cumulative: 442 redemption requests, 1,827,228 Series D shares redeemed; ~473,000 common shares issued (as stated).
As of Sept 8, 2026: 4,924,701 common shares and 1,726,704 Series D shares outstanding.
Next redemption deadline Sept 25, 2026; next Holder Redemption Date Oct 5, 2026.

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