Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 2, filed on August 6, 2024, to its Prospectus dated July 9, 2024, regarding the potential issuance of up to 20,704,217 shares of common stock. The supplement includes the company's Current Report on Form 8-K, which details the adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031 following the August redemptions of Series D Preferred Stock. The conversion price has been adjusted to approximately $4.03 per share of common stock, a 45% discount to the lowest conversion price of Series D Preferred Stock during the redemptions. On August 5, 2024, the company processed 20 redemption requests, issuing 657,671 shares of common stock to settle the redemption price. Cumulatively, Wheeler has redeemed 1,072,674 shares of Series D Preferred Stock and issued approximately 1.2 million shares of common stock after accounting for reverse stock splits. As of August 6, 2024, Wheeler has 1,224,485 shares of common stock and 2,562,873 shares of Series D Preferred Stock outstanding. The next round of redemptions is scheduled for September 5, 2024, with the deadline for requests on August 25, 2024.

Wheeler Real Estate Investment Trust Inc. has issued Prospectus Supplement No. 2, filed on August 6, 2024, to its Prospectus dated July 9, 2024, regarding the potential issuance of up to 20,704,217 shares of common stock. The supplement includes the company's Current Report on Form 8-K, which details the adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031 following the August redemptions of Series D Preferred Stock. The conversion price has been adjusted to approximately $4.03 per share of common stock, a 45% discount to the lowest conversion price of Series D Preferred Stock during the redemptions. On August 5, 2024, the company processed 20 redemption requests, issuing 657,671 shares of common stock to settle the redemption price. Cumulatively, Wheeler has redeemed 1,072,674 shares of Series D Preferred Stock and issued approximately 1.2 million shares of common stock after accounting for reverse stock splits. As of August 6, 2024, Wheeler has 1,224,485 shares of common stock and 2,562,873 shares of Series D Preferred Stock outstanding. The next round of redemptions is scheduled for September 5, 2024, with the deadline for requests on August 25, 2024.