Wheeler REIT issues 2.1M common shares in preferred exchanges, cuts convertible note price to $0.67

Filed July 7, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Convertible note conversion price adjusted down to $0.67/share (37.33 shares per $25 principal), a 45% discount to the $1.22 Series D conversion price, significantly increasing dilution for noteholders converting.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Issued 2,119,707 common shares to 9 investors across three dates (June 26–July 2) in exchange for 173,383 Series B and 13,217 Series D preferred shares; no cash proceeds, preferred shares retired.

  Item 3.02 — Unregistered Sales of Equity Securities verify on EDGAR →
• medium

  Redeemed 8,200 Series D preferred shares in July 2026 at $40.97/share (liquidation plus accrued dividends), settled entirely in 275,883 common shares; cumulative redemptions now 1,811,928 preferred shares.

  Item 8.01 — Other Events verify on EDGAR →