# EDGAR Filing Document

**Accession Number:** 0001917192
**File Stem:** 0001140361-23-002347
**Filing Date:** 2023-1
**Character Count:** 11081
**Document Hash:** 81232b6a77b1e3908ade72577fab6b81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-002347.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001140361-23-002347

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wheeler Real Estate Investment Trust, Inc.
- **CENTRAL INDEX KEY:** 0001527541
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 452681082
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88329
- **FILM NUMBER:** 23542662

**BUSINESS ADDRESS:**
- **STREET 1:** RIVERSEDGE NORTH
- **STREET 2:** 2529 VIRGINIA BEACH BLVD., SUITE 200
- **CITY:** VIRGINIA BEACH
- **STATE:** VA
- **ZIP:** 23452
- **BUSINESS PHONE:** 757-627-9088

**MAIL ADDRESS:**
- **STREET 1:** RIVERSEDGE NORTH
- **STREET 2:** 2529 VIRGINIA BEACH BLVD., SUITE 200
- **CITY:** VIRGINIA BEACH
- **STATE:** VA
- **ZIP:** 23452
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leveen Calgary Granger
- **CENTRAL INDEX KEY:** 0001917192

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 185 WYTHE AVENUE
- **STREET 2:** SUITE 9D
- **CITY:** BROOKLYN
- **STATE:** NY
- **ZIP:** 11249

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### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### SCHEDULE 13G
(Rule 13d-102)

#### INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

#### TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

#### PURSUANT TO RULE 13d-2(b)

#### (AMENDMENT NO. 1)\*

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| |
|:---|
| Wheeler Real Estate Investment Trust, Inc. |
| **(Name of Issuer)**  |

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| |
|:---|
| Common Stock, $0.01 par value per share |
| **(Title of Class of Securities)**  |

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| |
|:---|
| 963025705 |
| **(CUSIP Number)** |

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| |
|:---|
| December 31, 2022 |
| **(Date of Event Which Requires Filing of This Statement)**  |

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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

<br> ☐ Rule 13d-1(b)

<br> ☒ Rule 13d-1(c)

<br> ☐ Rule 13d-1(d)

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\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the *Notes*).

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| | | |
|:---|:---|:---|
| **1** | **NAMES OF REPORTING PERSONS** | **NAMES OF REPORTING PERSONS** |
| **1** | Calgary Leveen | Calgary Leveen |
| **1** | Calgary Leveen | Calgary Leveen |
| **2** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** |
| **2** | (a)☐ | (a)☐ |
| **2** | (b)☐ | (b)☐ |
| **3** | **SEC USE ONLY** | **SEC USE ONLY** |
| **3** |  |  |
| **3** |  |  |
| **4** | **CITIZENSHIP OR PLACE OF ORGANIZATION** | **CITIZENSHIP OR PLACE OF ORGANIZATION** |
| **4** | United States of America | United States of America |
| **4** | United States of America | United States of America |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **5** | **SOLE VOTING POWER** |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **5** | 913649 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **5** | 913649 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **6** | **SHARED VOTING POWER** |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **6** | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **6** | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | **SOLE DISPOSITIVE POWER** |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | 913649 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | 913649 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | **SHARED DISPOSITIVE POWER** |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 0 |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 0 |
| **9** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** |
| **9** | 913649 | 913649 |
| **9** | 913649 | 913649 |
| **10** | **CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** | **CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** |
| **10** | ☐ | ☐ |
| **10** | ☐ | ☐ |
| **11** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)** |
| **11** | 9.13% | 9.13% |
| **11** | 9.13% | 9.13% |
| **12** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** |
| **12** | IN | IN |
| **12** | IN | IN |

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#### Item 1.
**(a)** **Name of Issuer:**

Wheeler Real Estate Investment Trust, Inc.

**(b)** **Address of Issuer's Principal Executive Offices:**

Riversedge North

2529 Virginia Beach Boulevard Suite 200

Virginia Beach, VA 23452

#### Item 2.
**(a)** **Name of Person Filing:**

Calgary Leveen (the "Reporting Person")

**(b)** **Address of Principal Business Office or, if none, Residence:**

185 Wythe Avenue Suite 9D

Brooklyn, NY 11249

**(c)** **Citizenship:**

The Reporting Person is a U.S. citizen.

**(d)** **Title of Class of Securities:**

Common stock, par value $0.01 per share ("Common Stock")

**(e)** **CUSIP Number:**

963025705

#### Item 3.
Not Applicable.

**Item 4.** **Ownership**<br>

The information set forth in Rows 5 through 11 of the cover page for the Reporting Person is hereby incorporated by reference. The percentages reported herein have been determined by dividing (a) 913,649 shares of the Issuer's common stock, $0.01 par value per share ("Common Stock"), deemed to be beneficially owned by the Reporting Person, which is the sum of (i) 703,964 shares of Common Stock deemed to be beneficially owned the Reporting Person, (ii) 8,520 shares of Common Stock resulting from an assumed conversion in full of an aggregate principal amount of $53,250 of the Issuer's 7.00% senior subordinated convertible notes due 2031 (the "Notes") deemed to be beneficially owned by the Reporting Person, (iii) 195,096 shares of Common Stock resulting from an assumed conversion in full of 132,353 shares of the Issuer's Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock"), and (iv) 6,069 shares of Common Stock resulting from an assumed conversion in full of 9,711 shares of the Issuer's Series B Convertible Preferred Stock (the "Series B Preferred Stock"), by (b) 10,003,179, which is the sum of (i) 9,793,494 shares of Common Stock outstanding on November 4, 2022, as disclosed in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2022, (ii) 8,520 shares of Common Stock resulting from an assumed conversion in full of an aggregate principal amount of $53,250 of the Notes deemed to be beneficially owned by the Reporting Person, (iii) 195,096 shares of Common Stock resulting from an assumed conversion in full of 132,353 shares of Series D Preferred Stock deemed to be beneficially owned by the Reporting Person, and (iv) 6,069 shares of Common Stock resulting from an assumed conversion in full of 9,711 shares of Series B Preferred Stock.

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The Notes are convertible, in whole or in part, at the election of the holder of the Notes, at any time into shares of Common Stock at a conversion price of $6.25 per share (four shares of Common Stock for each $25.00 of principal amount of Notes being converted), and the Reporting Person has used this conversion price for purposes of the figures reported herein. However, if at any time after September 21, 2023, holders of the Series D Preferred Stock have required the Issuer to redeem (payable in cash or stock) in the aggregate at least 100,000 shares of Series D Preferred Stock, then the conversion price will be adjusted to the lower of (i) a 45% discount to the conversion price and (ii) a 45% discount to the lowest price at which any holder of Series D Preferred Stock converted into shares of Common Stock.

Under the terms of the Series D Preferred Stock, holders thereof may convert their shares at any time into shares of Common Stock at an initial conversion rate (which conversion rate the Reporting Person has used for purposes of the figures herein) of $16.96 per share of Common Stock, and each share of Series D Preferred Stock has a liquidation preference of $25.00. As such, the Reporting Person's 132,353 shares of Series D Preferred Stock are convertible into up to 195,096 shares of Common Stock.

Under the terms of the Series B Preferred Stock, holders thereof may convert their shares at any time into shares of Common Stock at an initial conversion rate (which conversion rate the Reporting Person has used for purposes of the figures herein) of $40.00 per share of Common Stock, and each share of Series B Preferred Stock has a liquidation preference of $25.00. As such, the Reporting Person's 9,711 shares of Series B Preferred Stock are convertible into up to 6,069 shares of Common Stock.

**Item 5.** **Ownership of Five Percent or Less of a Class**<br>

Not Applicable.

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person**<br>

Not Applicable.

**Item 7.** **Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person**<br>

Not Applicable.

**Item 8.** **Identification and Classification of Members of the Group**<br>

Not Applicable.

**Item 9.** **Notice of Dissolution of Group**<br>

Not Applicable.

**Item 10.** **Certification**<br>

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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#### Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
|  | /s/ Calgary Leveen |
| Name: | Calgary Leveen |
| Date: | January 23, 2023 |

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