On August 23, 2021, Daniel Khoshaba sent a letter to the other Board members and officers of Wheeler Real Estate Investment Trust, Inc. The letter to the Board expresses Daniel Khoshaba's concerns with the recent developments at the Company. Daniel Khoshaba expressed his views that the Board has failed to provide effective corporate governance and sound leadership to the Company, especially in the wake of the Board's decision to pressure Daniel Khoshaba to resign as Chief Executive Officer. Daniel Khoshaba stated that he determines what steps he may take to protect the interests of the Company and its shareholders, Daniel Khoshaba added that he may seek to improve the composition of the Board of Directors and intends to closely monitor the actions of the Company's management and the Board of Directors as he determines potential next steps.

Daniel Khoshaba also stated that he reserves the right to speak with the Company's Board and Management, other shareholders and third parties as he determines the appropriate steps necessary to correct the Company's problems caused by the current management and Board. Daniel Khoshaba stated that he would continue to communicate his thoughts with shareholders in the hope of restoring the Company to a path of substantial operational improvement and increasing the value of the Company for all shareholders.