Wheeler REIT cuts 2031 note conversion price to $1.03 per share

Wheeler Real Estate Investment Trust, Inc.

Wheeler Real Estate Investment Trust, Inc.

WHLR

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  • Wheeler Real Estate Investment Trust adjusted conversion price on its 7.00% Subordinated Convertible Notes due 2031 to about $1.03 per common share, equal to about 24 shares per $25 principal amount.
  • Reset followed May Series D Cumulative Convertible Preferred Stock redemptions, with lowest conversion price into common stock at about $1.87, triggering a 45% discount under note terms.
  • May 5, 2026 redemptions settled through issuance of 301,743 common shares for 13,745 Series D preferred shares redeemed at about $40.99 per share.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000108), on May 06, 2026, and is solely responsible for the information contained therein.

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