Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Aug 10, 2026
Wheeler Real Estate Investment Trust filed Prospectus Supplement No. 21 to its March 20, 2026 prospectus, which registers the resale of up to 673,971 common shares issuable upon exercise of warrants by selling stockholders and attaches an August 7, 2026 Form 8-K. The 8-K discloses that, under the optional conversion provision of the 7.00% Subordinated Convertible Notes due 2031, the conversion price was reset to approximately $0.40 per share (about 62.52 shares per $25.00 of principal), a 45% discount to the $0.73 ten-day VWAP.
Key figures
- Shares Outstanding
- 2434904
- Ten day vwap
- approximately $0.73
- Conversion discount
- 45% discount to $0.73
- Note conversion price
- approximately $0.40 per share
- Note conversion ratio
- approximately 62.52 shares per $25.00 principal amount
- Next redemption deadline
- August 25, 2026
- Next holder redemption date
- September 8, 2026
- Series d shares redeemed august
- 7100
- Cumulative series d shares redeemed
- 1819028
- Series d redemption price per share
- approximately $41.29
- Warrant shares registered for resale
- 673971
- Series d preferred shares outstanding
- 1770859
- Cumulative series d redemption requests
- 434
- Common shares issued for august redemptions
- 403236
- Cumulative common shares issued for redemptions
- approximately 496,000
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