Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Sep 8, 2026
Wheeler Real Estate Investment Trust agreed to issue 841,628 shares of common stock to three unaffiliated investors in exchange for 31,264 shares of Series B Preferred Stock and 5,437 shares of Series D Cumulative Convertible Preferred Stock, all of which were retired and cancelled. The September 2, 2026 exchanges sent 581,328 common shares to two unaffiliated holders, and a September 3, 2026 exchange sent another 260,300 shares to a single holder. Wheeler received no cash proceeds and issued the shares under the Section 3(a)(9) private-exchange exemption of the Securities Act.
Key figures
- Cash proceeds
- 0
- Notes maturity
- 2031
- Exchange ratios
- ["124 common shares : 4 Series B + 1 Series D (Sept 2)","15 common shares : 1 Series B (Sept 2)","137 common shares : 4 Series B + 1 Series D (Sept 3)"]
- Notes interest rate
- 7.00%
- Sept2 common issued
- 581328
- Sept3 common issued
- 260300
AI analysis
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