Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Oct 23, 2026
Wheeler REIT filed this 424B3 prospectus supplement to incorporate its annual meeting proxy statement for a December 4, 2026 meeting. Shareholders will vote on electing seven directors, ratifying Cherry Bekaert LLP, and approving a potential issuance of more than 19.9% of outstanding common stock to repay up to $25 million of 0.00% promissory notes under Nasdaq Listing Rule 5635(d). The proxy also asks shareholders to pre-approve twelve separate monthly reverse stock split authorizations for 2027, each at a ratio between 1-for-2 and 1-for-100, to maintain Nasdaq $1.00 bid price compliance.
Key figures
- Shares Outstanding
- 1460799
- Note maturity
- 18 months from issuance
- Audit fees 2025
- $619 thousand
- Note interest rate
- 0.00%
- Ceo total comp 2025
- 727872
- Ay2 ownership percent
- 9.8
- Series d redeemed shares
- 1832678
- Oakmont ownership percent
- 9.8
- Reverse split ratio range
- 1:2 to 1:100
- Magnetar ownership percent
- 45
- Stilwell ownership percent
- 49.99
- Notes max aggregate principal
- $25,000,000.00
- Completed reverse splits since may 2024
- 16
AI analysis
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