Wheeler Real Estate (WHLR) registers 100M shares; Magnetar receives 172,075 shares

Rhea-AI Filing Summary

Wheeler Real Estate Investment Trust, Inc. supplements its Prospectus to register up to 100,043,323 shares of Common Stock March 26, 2026. The supplement attaches a Form 8-K disclosing that amended warrants held by Magnetar affiliates were exercised in full on March 24, 2026, resulting in issuance of 172,075 shares to the listed investors.

The shares issued on exercise were registered under the registrant’s Form S-11 (File No. 333-294263), declared effective on March 20, 2026

Insights

Securities Counsel

Registration supplements a shelf to permit future stock issuances; recent warrant exercises were registered under an effective S-11.

The prospectus supplement registers 100,043,323 shares for issuance; the text attaches an 8-K showing full exercise of the A&R Warrants and issuance of 172,075 shares on March 24, 2026. The Form S-11 was declared effective on March 20, 2026.

Qualifier language such as "from time to time" and the effective S-11 matters for timing and methods of sale; subsequent filings will specify specific distribution methods and proceeds treatment if and when particular issuances occur.

Capital Markets Analyst

This is an administrative registration with a small immediate share issuance from warrant exercises.

The registered ceiling of 100,043,323 shares provides capacity for future equity issuance; the attached 8-K reports a contemporaneous issuance of 172,075 shares to Magnetar affiliates, representing 12.00% aggregate exercise under the A&R Warrants structure disclosed.

Because the filing primarily documents registration capacity and a one-off exercise now completed, its direct market-impact signal is limited; cash-flow treatment tied to future offerings is not detailed in the excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/26/2026 - 04:10 PM Learn about SEC filing dates

FAQ

What did WHLR register in the Prospectus Supplement?

The company registered up to 100,043,323 shares of Common Stock, as stated in the Prospectus Supplement dated March 26, 2026. This registration creates capacity for future issuances under the referenced prospectus.

Were any warrants exercised and shares issued to Magnetar affiliates (WHLR)?

Yes. The A&R Warrants were exercised in full on March 24, 2026, and the company issued a total of 172,075 shares to the named Magnetar-related investors as listed in the 8-K.

Were the shares issued on exercise registered (WHLR)?

Yes. The shares issued to the Investors are registered pursuant to Form S-11 (File No. 333-294263), which the company states was declared effective on March 20, 2026

Do any warrants remain outstanding after these exercises (WHLR)?

No. The filing states that as a result of these exercises, there are no outstanding warrants remaining in the company’s capital table following the March 24, 2026 exercises.

Who received shares and how many were issued to each (WHLR)?

The 8-K lists four Magnetar-related investors receiving shares: 48,124, 7,499, 51,766, and 48,497, plus 16,189, totaling 172,075 shares issued upon exercise.

Prospectus Supplement No. 30

Filed pursuant to Rule 424(b)(3)

(To Prospectus dated June 20, 2025)

Registration No. 333-287930

Wheeler Real Estate Investment Trust, Inc.

This is Prospectus Supplement No. 30 (this “Prospectus Supplement”) to our Prospectus, dated June 20, 2025 (the “Prospectus”), relating to the issuance from time to time by Wheeler Real Estate Investment Trust, Inc. of up to 100,043,323 shares of our common stock, par value $0.01 (“Common Stock”). Terms used but not defined in this Prospectus Supplement have the meanings ascribed to them in the Prospectus.

We have attached to this Prospectus Supplement our Current Report on Form 8-K filed on March 26, 2026. The attached information updates and supplements, and should be read together with, the Prospectus, as supplemented from time to time.

Investing in our Common Stock involves a high degree of risk. You should review carefully the risks and uncertainties described under the heading “Risk Factors” beginning on page 6 of the Prospectus, and under similar headings in any amendments or supplements to the Prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the Prospectus. Any representation to the contrary is a criminal offense.

The date of this Prospectus Supplement is March 26, 2026.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (date of earliest event reported): March 24, 2026

WHEELER REAL ESTATE INVESTMENT TRUST, INC.

(Exact name of registrant as specified in its charter)  

Maryland

001-35713

45-2681082

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(IRS Employer Identification No.)

2529 Virginia Beach Blvd. Virginia Beach, VA						23452
(Address of principal executive offices)						(Zip code)

Registrant’s telephone number, including area code: (757) 627-9088

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: 

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

WHLR

Nasdaq Capital Market

Series B Convertible Preferred Stock

WHLRP

Nasdaq Capital Market

Series D Cumulative Convertible Preferred Stock

WHLRD

Nasdaq Capital Market

7.00% Subordinated Convertible Notes due 2031

WHLRL

Nasdaq Capital Market

Item 8.01 Other Events

As previously disclosed, on February 19, 2026, common stock purchase warrants previously issued by Wheeler Real Estate Investment Trust, Inc. (the “Company”) to certain affiliates of Magnetar Financial LLC (together, the “Investors”) were amended and restated (as so amended, the “A&R Warrants”).

The A&R Warrants are exercisable, in whole or in part (and at any time), for an aggregate number of shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”) representing 12% of the Common Stock outstanding on the date of any exercise (less the aggregate number of shares of Common Stock previously issued as a result of any partial exercise) at an exercise price of $0.01 per share.

The A&R Warrants expire on March 27, 2026.

The A&R Warrants were exercised in whole on March 24, 2026. Accordingly, the Company issued the Investors the number of shares of Common Stock opposite their names in the table below:

Investor			Percentage			Numbers of Shares of Common Stock Issued
Magnetar Structured Credit Fund LP			3.356		%	48,124
Magnetar Longhorn Fund LP			0.523		%	7,499
Magnetar Lake Credit Fund LLC			3.610		%	51,766
Purpose Alternative Credit Fund - F LLC			3.382		%	48,497
Purpose Alternative Credit Fund - T LLC			1.129		%	16,189
Total			12.000		%	172,075

The shares of Common Stock issued to the Investors are registered shares pursuant to the Company’s registration statement on Form S-11 (File No. 333-294263), which was declared effective on March 20, 2026.

As a result of these exercises, there are no outstanding warrants in the Company’s capital table.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WHEELER REAL ESTATE INVESTMENT TRUST, INC.
By:						/s/ M. Andrew Franklin
						Name: M. Andrew Franklin
						Title: Chief Executive Officer and President

Dated: March 26, 2026