SplitJun 12, 2026, 04:13 PM
Wheeler Real Estate Announces 1-for-4 Reverse Stock Split Effective June 17
AI Summary
Wheeler Real Estate Investment Trust, Inc. announced a one-for-four reverse stock split of its common stock, effective June 17, 2026. The split will reduce the number of outstanding shares from 2,194,353 to approximately 548,588, with trading on a split-adjusted basis beginning June 18, 2026, under a new CUSIP number. Fractional shares will be paid in cash, and adjustments will be made to the conversion rates of convertible notes and preferred stock.
Key Highlights
- Wheeler Real Estate announced a one-for-four reverse stock split of its common stock, effective June 17, 2026.
- Trading on a split-adjusted basis will commence on June 18, 2026, under a new CUSIP number (963025754).
- The number of outstanding common shares will decrease from 2,194,353 to approximately 548,588.
- Stockholders will receive cash payments in lieu of any fractional shares resulting from the split.
- The par value of the common stock will decrease from $0.04 to $0.01 per share.
- The conversion rate for the 7.00% subordinated convertible notes due 2031 will be reduced from ~36.09 to ~9.02 shares per $25.00.
- Conversion prices for Series B and Series D Convertible Preferred Stock will proportionally increase.
Price Impact
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