Wheeler Real Estate Investment Trust Inc. has announced new developments regarding its Series D Cumulative Convertible Preferred Stock and 7.00% Subordinated Convertible Notes due 2031. The company has processed 400 redemption requests, resulting in the redemption of 1,770,581 shares of Series D Preferred Stock and the issuance of approximately 249,000 shares of common stock in settlement. As of February 6, 2026, there were 790,739 shares of common stock and 1,577,898 shares of Series D Preferred Stock outstanding. The next monthly round of Series D Preferred Stock redemptions has a deadline of February 25, 2026, with the next Holder Redemption Date on March 5, 2026. For the February redemptions, the lowest conversion price for Series D Preferred Stock into common stock was approximately $4.72. Consequently, the conversion price for the company’s 7.00% Subordinated Convertible Notes has been adjusted to approximately $2.60 per share of common stock, reflecting a 45% discount to $4.72.

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