Wheeler Real Estate Investment Trust, Inc. completed an exchange of common stock for preferred stock on June 22, 2026. The company issued 86,583 shares of common stock to an unaffiliated investor. In exchange, the company received and subsequently retired 16,492 shares of Series B Convertible Preferred Stock and 4,123 shares of Series D Cumulative Convertible Preferred Stock. The exchange ratio was 21 shares of common stock for every 4 shares of Series B and 1 share of Series D preferred stock. No cash proceeds were generated from this transaction.