# EDGAR Filing Document

**Accession Number:** 0001527541
**File Stem:** 0001527541-25-000165
**Filing Date:** 2025-6
**Character Count:** 11763
**Document Hash:** c2a00f553de8d4b7817a2430fe7e51b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001527541-25-000165.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0001527541-25-000165

**CONFORMED SUBMISSION TYPE**: 424B3

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wheeler Real Estate Investment Trust, Inc.
- **CENTRAL INDEX KEY:** 0001527541
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 452681082
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B3
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-287930
- **FILM NUMBER:** 251061362

**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

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| | |
|:---|:---|
| **Prospectus Supplement No. 1** | **Filed pursuant to Rule 424(b)(3)** |
| **(To Prospectus dated June 20, 2025)** | **Registration No. 333-287930** |

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![wheelerlogoa05a.jpg](wheelerlogoa05a.jpg)

**Wheeler Real Estate Investment Trust, Inc.**

This is Prospectus Supplement No. 1 (this "<u>Prospectus Supplement</u>") to our Prospectus, dated June 20, 2025 (the "<u>Prospectus</u>"), 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 ("<u>Common Stock</u>"). 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 June 20, 2025. 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 June 20, 2025.

    

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**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): **June 20, 2025**

**WHEELER REAL ESTATE INVESTMENT TRUST, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Maryland** | **001-35713** | **45-2681082** |
| (State or other jurisdiction<br>of incorporation or organization) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

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| | |
|:---|:---|
| **2529 Virginia Beach Blvd.**<br>**Virginia Beach, VA** | **23452** |
| (Address of principal executive offices) | (Zip code) |

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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:

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| | | |
|:---|:---|:---|
| **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 |

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**Item 5.08 Shareholder Nominations.**

***2025 Annual Meeting of Stockholders***

Wheeler Real Estate Investment Trust, Inc. (the "Company") plans to hold its 2025 annual meeting of stockholders (the "2025 Annual Meeting") on Wednesday, August 20, 2025.

The 2025 Annual Meeting will be a virtual meeting.

Stockholders of record at the close of business on July 3, 2025 will be entitled to notice of and to vote at the 2025 Annual Meeting.

***Stockholder Proposal and Director Nomination Deadlines***

Because the scheduled date of the 2025 Annual Meeting is more than 30 days from the anniversary of the date of the Company's 2024 annual meeting of stockholders, which was held on May 6, 2024, the deadlines for stockholders to propose actions for consideration or to nominate individuals to serve as directors at the 2025 Annual Meeting previously set forth in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission (the "SEC") on March 22, 2024 no longer apply. Therefore, the Company is providing notice of revised deadlines in connection with the 2025 Annual Meeting as set forth below.

*Revised Deadline for Rule 14a-8 Stockholder Proposals – June 30, 2025*

Stockholder proposals made pursuant to Rule 14a-8 ("Rule 14a-8") of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be presented at the 2025 Annual Meeting and included in the Company's proxy statement and form of proxy relating to that meeting must be received by the Company no later than 5:00 p.m., Eastern Time, on June 30, 2025, which the Company determined to be a reasonable time before it expects to begin to print and send its proxy materials. All proposals submitted pursuant to Rule 14a-8 must comply with the rules and regulations promulgated by the SEC.

*Revised Deadline Under Advance Notice Bylaw Provision – June 30, 2025*

In accordance with the requirements contained in the Company's bylaws (the "Bylaws"), stockholders of the Company who wish to nominate a person for election as a director or bring business before the 2025 Annual Meeting outside the processes of Rule 14a-8 must ensure that written notice thereof (including all information specified in the Bylaws) is delivered to the Company's Secretary at the Company's principal executive office no later than 5:00 p.m., Eastern Time, on June 30, 2025, which is the tenth calendar day following the date of this Current Report on Form 8-K. Any such proposal must meet the requirements set forth in the Bylaws to be brought before the 2025 Annual Meeting.

*Revised Deadline Under Universal Proxy Rules– June 30, 2025*

In addition to satisfying the foregoing requirements, to comply with the universal proxy rules, in order for stockholders to give timely notice of nominations for directors for inclusion on a universal proxy card in connection with the 2025 Annual Meeting, stockholders must provide notice that sets forth the information required by Rule 14a-19 of the Exchange Act by June 30, 2025, which is the tenth calendar day following the date of this Current Report on Form 8-K.

*Requirements Applicable to All Proposals*

Proposals and notices must be in writing and received by the Company's Secretary, Crystal Plum, at Riversedge North 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452, and must also comply with the Bylaws and the requirements set forth in the rules and regulations promulgated by the SEC.

**Item 8.01 Other Events**

***July 2025 Redemptions***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The deadline for the next monthly round of Series D Preferred Stock redemptions is June 25, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The next monthly Holder Redemption Date will occur on July 7, 2025 (the "July Redemption Date").

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company had announced in its Form 8-K filed on June 6, 2025 that it was very possible that the Company would not have enough shares of registered Common Stock from its current registration statement to settle redemption requests on the July Redemption Date and that any subsequent registration statement filed may not be declared effective in advance of the July Redemption Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• On June 20, 2025, the Company's registration statement for up to 100,043,323 shares of its Common Stock on Form S-11 (File No. 333-287930) was declared effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Accordingly, the Company will issue registered Common Stock to settle all redemption requests properly made for the July Redemption Date.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Required redemption forms and a list of frequently asked questions can each be found on the Company's website at https://ir.whlr.us/series-d/series-d-redemption.

***Forward-Looking Statements.***

This Current Report on Form 8-K includes forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "plans", "expects", and "will" or the negative of these terms or other words of similar meaning, although not all forward-looking statements contain these identifying words. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this Current Report on Form 8-K, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, or to reflect any change in our expectations with regard thereto or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required by applicable law.

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**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.

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

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Dated: June 20, 2025

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