Reverse Stock Split and Charter Amendments

Wheeler Real Estate Investment Trust, Inc. has filed a Form 8-K detailing amendments to its charter related to a one-for-five reverse stock split of its common stock, effective July 27, 2026. The reverse stock split will reduce the number of outstanding common shares from approximately 4,646,083 to 929,217. Fractional shares will be settled in cash. Consequently, the par value of the common stock will be adjusted from $0.05 to $0.01 per share. The reverse stock split will also affect the conversion rates of the company's 7.00% subordinated convertible notes due 2031, Series B Convertible Preferred Stock, and Series D Cumulative Convertible Preferred Stock. The company will begin trading on a split-adjusted basis on July 28, 2026, under a new CUSIP number (963025747), though the trading symbol will remain the same. The amendments were approved by the Board of Directors and stockholders, with the second amendment regarding par value adjustment approved by the Board via unanimous written consent.