{"schema_version":"secwatch.filing_event.v1","accession":"0001527541-26-000370","form_type":"8-K","ticker":"WHLR","cik":"0001527541","company_name":"Wheeler Real Estate Investment Trust, Inc.","filed_at":"2026-10-06T12:41:29+00:00","discovered_at":"2026-10-06T12:45:00.300270+00:00","generated_at":"2026-10-12T16:31:01.519532+00:00","sec_items":["3.02","3.03","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Wheeler REIT swaps 38,500 preferred shares for 161,700 common; note conversion price cut 45% to $2.73","bullets":["Issued 161,700 common shares to Stilwell Activist Investments, L.P. and Stilwell Activist Fund, L.P. for 30,800 Series B and 7,700 Series D preferred shares (21 common per 4 Series B, 1 Series D).","No cash proceeds; exchanged preferred shares were retired and cancelled. Joseph Stilwell, a Wheeler board member, controls the Stilwell Investors' general partner.","October 2026 redemption: 8 holder requests, 5,450 Series D shares redeemed at ~$41.96/share, settled by issuing 46,133 common shares, based on a $4.96 ten-day VWAP.","Cumulative to date: 450 redemption requests, 1,832,678 Series D shares redeemed, ~99,000 common shares issued; 1,506,932 common and 1,703,374 Series D shares outstanding as of Oct 5, 2026.","7.00% Notes due 2031 conversion price cut to ~$2.73 (9.17 shares per $25 principal), a 45% discount to $4.96; next Series D deadline Oct 25, redemption date Nov 5, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001527541-26-000370","json":"https://secwatch.observer/filing/0001527541-26-000370.json","markdown":"https://secwatch.observer/filing/0001527541-26-000370.md","text":"https://secwatch.observer/filing/0001527541-26-000370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1527541/000152754126000370/0001527541-26-000370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1527541/000152754126000370/whlr-20260930.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T16:31:01.519532+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}