Wheeler Real Estate Investment Trust Inc. announced it has issued a total of 112,000 shares of its common stock through private placement transactions. On December 12, 2025, the company exchanged 96,000 common shares for 6,000 shares of its Series D Cumulative Convertible Preferred Stock and 12,000 shares of its Series B Convertible Preferred Stock with an unaffiliated investor. On December 16, 2025, another 16,000 common shares were issued in exchange for 1,000 Series D Preferred shares and 2,000 Series B Preferred shares to a separate investor. No cash proceeds were received, and all exchanged preferred shares have been retired and cancelled. The transactions were completed under an exemption from registration requirements of the Securities Act.