Wheeler REIT converts 45,471 preferred shares to 757,850 common shares in dilutive exchange

Filed May 27, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• high

  Wheeler issued 757,850 new common shares to retire 15,157 Series D and 30,314 Series B preferred shares held by three investors, significantly diluting existing common shareholders without raising any cash.

  Item 3.02 verify on EDGAR →
• high

  The exchange ratio was 50 common shares for every 3 preferred shares (2 Series B + 1 Series D), representing substantial dilution to common equity holders while reducing preferred obligations.

  8-K: Stock Exchange verify on EDGAR →
• medium

  Transaction was non-cash and generated zero proceeds; the retired preferred shares have been permanently cancelled, reducing the company's preferred share count.

  Item 3.02 verify on EDGAR →