Wheeler REIT exchanges 1.26M common shares for 36,857 preferred shares with seven investors

Filed July 14, 2026 · Period ending July 9, 2026 · ~1 min read

Key Changes

• high

  Issued 1.26M common shares to seven investors in exchange for 36,857 Series B and 4,285 Series D preferred shares across three transaction dates (July 7, 9, 10); exchange ratios ranged from 16:1 to 191:5 depending on preferred series mix.

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

  Retired and cancelled all exchanged preferred shares, eliminating cumulative dividend obligations and liquidation preferences while increasing common equity dilution by 1.26M shares.

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

  Relied on Section 3(a)(9) exemption for unregistered issuance, conducting voluntary exchanges with existing holders without paying solicitation fees or commissions.

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