Reverse Stock Split and Charter Amendments

Wheeler Real Estate Investment Trust, Inc. has filed amendments to its charter to implement a one-for-nine reverse stock split for its common stock, effective September 21, 2026. This action will reduce the number of outstanding shares from approximately 5,113,901 to 568,211. Fractional shares will be settled with cash payments. The par value of the common stock will be adjusted from $0.09 to $0.01 per share post-split. The reverse stock split will also result in adjustments to the conversion rates of the company's 7.00% subordinated convertible notes due 2031 and its Series B and Series D Preferred Stock. The company anticipates the common stock will trade on a split-adjusted basis on Nasdaq starting September 22, 2026, under a new CUSIP number but the same trading symbol. These amendments are intended to comply with exchange listing standards and improve the per-share market price.