Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Oct 13, 2026
Wheeler REIT filed Prospectus Supplement No. 20 to its July 2, 2026 prospectus, attaching an 8-K disclosing a Note Purchase Agreement dated October 13, 2026 with an unaffiliated investor for a $1,000,000 promissory note, with capacity for additional notes up to $25,000,000 in aggregate principal. The zero-interest notes mature 18 months after issuance and are repaid through daily amortization payments equal to 0.4% of original principal (adjustable between 0.2% and 0.6%), made primarily in shares of common stock at the prior day's Nasdaq closing price, with a $0.25 floor price below which cash payment is required.
Key figures
- Debt Amount
- 25000000
- Interest Rate
- 0
- Shares Offered
- 100090365
- Maturity
- 18-month anniversary of issuance date
- Floor price
- $0.25 per share
- Amortization rate
- 0.4% of original principal per trading day (adjustable 0.2%-0.6%)
- Note denomination
- $1,000,000.00 and integral multiples
- Initial note principal
- $1,000,000.00
- Nasdaq 5635 d threshold
- 19.99% of outstanding shares
- Series d liquidation preference
- $25.00 per share
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.