On August 18, 2025, Wheeler Real Estate Investment Trust, Inc. issued 252,000 shares of common stock in exchange for 14,000 shares each of Series B and Series D Preferred Stock, and on August 19, 2025, issued 380,000 shares in exchange for 20,000 shares each of the same preferred stocks, retiring the preferred shares. The stockholders also approved multiple proposals including several reverse stock splits, enhancing the flexibility of the company's capital structure.