Wheeler Real Estate REIT cuts note conversion price to USD 0.54 per share after preferred-stock redemptions

PUBT · 1d ago
Wheeler Real Estate REIT cuts note conversion price to USD 0.54 per share after preferred-stock redemptions
  • Wheeler Real Estate Investment Trust reset the conversion price on its 7.00% Subordinated Convertible Notes due 2031 to USD 0.54 per share.
  • The adjustment followed Series D preferred redemptions, with the lowest conversion price at USD 0.98, triggering a 45% discount under the indenture.
  • The revised terms imply about 46 shares of common stock for each USD 25 of note principal converted.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000340), on September 09, 2026, and is solely responsible for the information contained therein.