Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Oct 23, 2026
Wheeler REIT filed Prospectus Supplement No. 8 to register resale of 710,466 Series B Preferred shares held by the Stilwell Investors, attaching its definitive proxy for the December 4, 2026 annual meeting. Stockholders are being asked to approve twelve separate monthly reverse stock split authorizations for 2027 at ratios between 1:2 and 1:100, after the company already executed 14 reverse splits since May 2024 to stay above Nasdaq's $1.00 minimum bid price.
Key figures
- Shares Outstanding
- 1460799
- Note maturity
- 18 months
- Note interest rate
- 0.00%
- Amortization payment
- 0.4% of original principal per trading day
- Initial note principal
- $1,000,000
- Cherry bekaert fees 2025
- $619,000
- Nasdaq bid price minimum
- $1.00
- Reverse split ratio range
- one-for-two to one-for-100
- Magnetar ownership percent
- 45.0%
- Stilwell ownership percent
- 49.99%
- Ceo total compensation 2025
- 727872
- Amortization stock floor price
- $0.25
- Notes maximum aggregate principal
- $25,000,000
- Reverse splits completed since 2024
- 14
- Series b preferred shares registered
- 710466
- Reverse split authorizations requested
- 12
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