Wheeler REIT adjusts convertible note price to $0.69, warns of July redemption delays

Filed June 8, 2026 · Period ending June 5, 2026 · ~1 min read

Key Changes

• high

  Convertible note conversion price cut to ~$0.69/share (36.09 shares per $25 principal), a 45% discount to June preferred conversion price, sharply increasing dilution potential for common holders.

  Item 8.01 verify on EDGAR →
• high

  Only 2.19M common shares outstanding as of June 5, with 1.77M Series D preferred shares remaining; cumulative redemptions have issued 753K common shares against 1.80M preferred redeemed.

  Item 8.01 verify on EDGAR →
• medium

  Company may lack registered shares to settle July 6 preferred redemptions; would issue unregistered stock or delay settlement pending new registration statement effectiveness.

  Item 8.01 verify on EDGAR →