Corporate ActionAug 7, 2026, 07:53 AM
Wheeler REIT Notes Conversion Price Adjusted to $0.40; Series D Redemptions
AI Summary
Wheeler Real Estate Investment Trust, Inc. announced an adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $0.40 per share of Common Stock. This adjustment, a 45% discount, was triggered by the August redemptions of Series D Cumulative Convertible Preferred Stock. In August 2026, the company processed seven redemption requests, redeeming 7,100 Series D shares at approximately $41.29 per share, settling the aggregate redemption price by issuing 403,236 shares of Common Stock.
Key Highlights
- 7.00% Subordinated Convertible Notes conversion price adjusted to $0.40 per share.
- This conversion price represents a 45% discount to the $0.73 common stock price.
- 7,100 Series D Preferred Stock shares were redeemed in August 2026.
- The redemption price for Series D shares was approximately $41.29 per share.
- 403,236 shares of Common Stock were issued to settle August redemptions.
- To date, 1,819,028 Series D Preferred Stock shares have been redeemed.
- Approximately 496,000 Common Stock shares have been issued for all redemptions.
- As of August 5, 2026, 2,434,904 Common Stock and 1,770,859 Series D Preferred Stock shares were outstanding.
Price Impact
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