Wheeler Real Estate Investment Trust, Inc. (the "Company") has announced the issuance of up to 20,704,217 shares of its common stock. This issuance is related to the redemption rights of the holders of the Company's Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock"). These stockholders have the option to request the Company to redeem their shares at a redemption price of $25.00 per share, plus accrued but unpaid dividends. The Company has the option to settle these redemptions in cash, common stock, or a combination thereof. The Company has been settling redemptions in shares of common stock and intends to continue this practice. Additionally, the Series D Preferred Stock is convertible into common stock at a conversion price...Show More

Wheeler Real Estate Investment Trust, Inc. (the "Company") has announced the issuance of up to 20,704,217 shares of its common stock. This issuance is related to the redemption rights of the holders of the Company's Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock"). These stockholders have the option to request the Company to redeem their shares at a redemption price of $25.00 per share, plus accrued but unpaid dividends. The Company has the option to settle these redemptions in cash, common stock, or a combination thereof. The Company has been settling redemptions in shares of common stock and intends to continue this practice. Additionally, the Series D Preferred Stock is convertible into common stock at a conversion price of $20,352 per share. The Company's common stock is listed on the Nasdaq Capital Market under the symbol "WHLR". As of the close of business on July 8, 2024, the last reported sales price of the common stock was $16.01 per share. Investing in the Company's common stock involves a high degree of risk, and potential investors should review the risks and uncertainties described under the heading "Risk Factors" beginning on page 6 of the Prospectus. The date of the Prospectus is July 9, 2024.