Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Oct 6, 2026
Wheeler REIT processed its 37th monthly Series D preferred redemption on October 5, 2026, redeeming 5,450 shares at ~$41.96 per share and settling with 46,133 newly issued common shares. No cash was paid; common holders absorb the dilution. Separately, the company issued 161,700 common shares to Stilwell entities — affiliated with board member Joseph Stilwell — in exchange for 30,800 Series B and 7,700 Series D preferred shares, with no cash proceeds to the company.
Key figures
- Shares Offered
- 161700
- Ten day vwap
- $4.96
- Shares in shelf
- 100090365
- Conversion ratio
- 9.17 shares per $25.00 principal
- Stilwell exchange
- 161,700 common for 30,800 Series B + 7,700 Series D preferred
- Conversion discount
- 45% to $4.96
- Notes conversion price
- $2.73
- Common shares outstanding
- 1506932
- Series d redeemed october
- 5450
- Series d shares outstanding
- 1703374
- Cumulative series d redeemed
- 1832678
- Series d redemption price per share
- $41.96
- Common shares issued october settlement
- 46133
- Cumulative common issued for redemptions
- 99000
AI analysis
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