Kent Engelke

Larry Raiman

- On **September 9, 2025**, Wheeler Real Estate Investment Trust, Inc. agreed to issue **365,000 shares of common stock** in exchange for **14,600 shares of Series D Cumulative Convertible Preferred Stock** and **29,200 shares of Series B Convertible Preferred Stock**.  **[1527541_0001527541-25-000230_whlr-20250909.htm:1]** 
- On **September 11, 2025**, the company agreed to issue an additional **1,008,000 shares of common stock** for **42,000 shares of Series D Preferred Stock** and **84,000 shares of Series B Preferred Stock**.  **[1527541_0001527541-25-000230_whlr-20250909.htm:1]** 
- These transactions, which settled between **September 9 and 12, 2025**, resulted in the issuance of a total of **1,373,000 shares of common stock**.  **[1527541_0001527541-25-000230_whlr-20250909.htm:1]** 
- The company **did not receive any cash proceeds** from these exchanges, and the preferred stock received was **retired and cancelled**.  **[1527541_0001527541-25-000230_whlr-20250909.htm:1]**

Wheeler Real Estate Investment Trust (WHLR)