Wheeler REIT exchanges 8,400 preferred shares for 142,800 common shares with investor

Filed June 1, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• medium

  Wheeler issued 142,800 new common shares to retire 2,800 Series D and 5,600 Series B preferred shares held by one investor, diluting existing common shareholders by approximately 142,800 shares.

  Item 3.02 verify on EDGAR →
• medium

  The exchange was non-cash and generated no proceeds, but simplified the capital structure by reducing preferred equity obligations and converting them to common equity.

  Item 3.02 verify on EDGAR →
• medium

  The exchange ratio was approximately 51 common shares for every 3 preferred shares (2 Series B plus 1 Series D), with the preferred shares permanently retired and cancelled.

  Item 3.02 verify on EDGAR →