Wheeler Real Estate Investment Trust, Inc. exchanged 365,000 shares of common stock for 14,600 shares of Series D Preferred and 29,200 shares of Series B Preferred on September 9, 2025, and 1,008,000 shares for 42,000 shares of Series D and 84,000 shares of Series B on September 11, 2025; no cash was involved and the preferred shares were retired.