SplitApr 13, 2026, 04:12 PM
Wheeler REIT Announces 1-for-3 Reverse Stock Split Effective April 17
AI Summary
Wheeler Real Estate Investment Trust, Inc. announced a one-for-three reverse stock split of its common stock, effective April 17, 2026. This corporate action will also decrease the common stock's par value from $0.03 to $0.01 per share. Stockholders who would otherwise receive fractional shares will instead be issued a cash payment based on the closing price of the common stock on April 17, 2026.
Key Highlights
- One-for-three reverse stock split of common stock.
- Effective April 17, 2026, at 5:00 p.m. Eastern Time.
- Common stock par value decreased from $0.03 to $0.01 per share.
- Fractional shares will receive cash payment based on April 17, 2026 closing price.