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Wheeler REIT cuts note conversion price to USD 0.4 per share after preferred stock redemptions

PUBT·08/07/2026 11:49:32
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Wheeler REIT cuts note conversion price to USD 0.4 per share after preferred stock redemptions
  • Wheeler Real Estate Investment Trust reset the conversion price on its 7.00% Subordinated Convertible Notes due 2031 to about $0.4 a share.
  • The adjustment followed August 2026 Series D preferred redemptions, with the lowest conversion price about $0.73, triggering a 45% discount.
  • The new terms imply about 62.52 common shares for each $25 of note principal converted.
  • Holders redeemed 7,100 Series D preferred shares, settled in 403,236 common shares.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000260), on August 07, 2026, and is solely responsible for the information contained therein.