Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Oct 23, 2026
Wheeler REIT filed Prospectus Supplement No. 23 incorporating its annual meeting proxy statement, headlined by a proposal to approve issuance of more than 19.9% of outstanding shares to repay up to $25 million of 0% promissory notes.
Key figures
- Debt Amount
- $25,000,000 maximum aggregate principal of Promissory Notes
- Interest Rate
- 0
- Maturity Date
- 18 months from note issuance date
- Shares Offered
- up to 100,090,365 (registered under the prospectus)
- Shares Outstanding
- 1460799
- Floor price
- $0.25 per share
- Amortization rate
- 0.4% of original principal per trading day (adjustable 0.2%-0.6%)
- Ceo 2025 total comp
- 727872
- Reverse split ratio range
- 1-for-2 to 1-for-100
- Magnetar beneficial ownership
- 45.0%
- Note share issuance threshold
- more than 19.9% of outstanding common stock
- Stilwell beneficial ownership
- 49.99%
- Completed reverse splits since may 2024
- 15
- Series d shares redeemed as of oct 5 2026
- 1832678
- Common shares issued for redemptions as of oct 5 2026
- 99000
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