Wheeler Real Estate Investment Trust Inc. announced the conversion of a total of $1,512,500 in principal amount of its 7.00% Subordinated Convertible Notes due 2031 into common stock by Stilwell Activist Investments, L.P., Stilwell Activist Fund, L.P., and Stilwell Value Partners VII, L.P. On June 11, 2025, Stilwell Activist Investments, L.P. converted $1,143,457 into 405,580 shares; Stilwell Activist Fund, L.P. converted $120,002 into 42,564 shares; and Stilwell Value Partners VII, L.P. converted $249,041 into 88,333 shares. The conversion price for all transactions was $2.819312 per share. The issuances were made under an exemption from registration requirements.
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