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:   2026-09-29T20:39:36+00:00
Accession:  0001527541-26-000360
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4.1-flash:cloud@v2

Wheeler REIT issues common for 119,211 Series B/D preferred shares, including Stilwell swaps
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- Sept 8, 2026: issued 189,200 common shares to an unaffiliated holder for 4,400 Series B and 1,100 Series D preferred (about 21,022 shares post 1-for-9 reverse split).
- Sept 23, 2026: issued 162,244 common shares to an unaffiliated holder for 41,061 Series B preferred, at 4 common shares per preferred share.
- Stilwell Investors (Stilwell Activist Investments/Fund, Stilwell Associates) received 566,670 common shares for 58,120 Series B and 14,530 Series D preferred in two exchanges.
- Joseph Stilwell, a Wheeler board member, is managing member and owner of Stilwell Value LLC, general partner of each Stilwell Investor.
- No cash proceeds were received; all exchanged preferred shares were retired and cancelled, and the issuances relied on the Section 3(a)(9) exemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000360/0001527541-26-000360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527541/000152754126000360/whlr-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001527541-26-000360

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