---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055560"
form_type: "8-K"
ticker: "MDRR"
cik: "0001654595"
company_name: "Medalist Diversified, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:10:11.740729+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Medalist Diversified REIT completes 1-for-8 reverse stock split to meet Nasdaq $1 bid requirement

## Summary
- Reverse stock split effective 5:00 p.m. ET May 3, 2023; shares reduced from 17.8M to ~2.2M.
- Common stock begins trading on split-adjusted basis May 4 under same ticker MDRR; new CUSIP 58403P303.
- Fractional shares settled in cash based on closing price May 3.
- Split intended to help regain $1.00 minimum bid price compliance for Nasdaq listing; no assurance of success.
- All stockholders affected uniformly; no percentage ownership change except for fractional share cash-out.

## SEC filing metadata
- accession: 0001104659-23-055560
- form_type: 8-K
- ticker: MDRR
- cik: 0001654595
- company_name: Medalist Diversified, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654595/000110465923055560/0001104659-23-055560-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654595/000110465923055560/tm2314153d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055560
- JSON: https://secwatch.observer/filing/0001104659-23-055560.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055560.txt

## Key facts
- Governance Changes
  Medalist Diversified, Inc.: Filed two Articles of Amendment to effect a 1-for-8 reverse stock split and decrease par value from $0.08 to $0.01 per share (effective 2023-04-19).
  - Change: charter amendment
  - Effective: 2023-04-19
  source text: on April 19, 2023, the Company filed two Articles of Amendment to its charter with the State Department of Assessments and Taxation of Maryland that provided for: (i) a 1-for-8 Reverse Stock Split of the Common Stock, effective at 5:00 p.m. Eastern Time on May 3, 2023 (the "First Amendment"); and (ii) the par value of the Common Stock to be decreased from $0.08 per share (as a result of the 1-for-8 Reverse Stock Split) back to $0.01 per share, effective at 5:01 p.m. Eastern Time on May 3, 2023 (the "Second Amendment").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654595/000110465923055560/0001104659-23-055560-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.