Wheeler Real Estate Investment Trust, Inc. (WHLR): Nasdaq/NYSE listing notice — Wheeler REIT receives Nasdaq notice for audit committee size non-compliance

Wheeler Real Estate Investment Trust, Inc.

Nasdaq notified WHLR on July 12, 2023 that Audit Committee has only 2 members, violating Rule 5605.
Non-compliance stems from Michelle D. Bergman's resignation from Board on June 5, 2023.
WHLR must appoint a third Audit Committee member by earlier of next annual meeting or June 2, 2024.
Company expects to appoint the required member within the cure period.
Failure to regain compliance could result in delisting from Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Wheeler Real Estate Investment Trust, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605

Exact text from the filing

July 12, 2023, the Company received a letter from the listing qualifications staff of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that because the Audit Committee now only has two members, the Company no longer complies with the requirement set forth in the Nasdaq Listing Rule 5605 (the “ Rule ”) that the Audit Committee consist of at least three members . The Company is required to appoint a third member to its Audit Committee by the earlier of the Company’s next annual stockholders’ meeting or June 2, 2024. The Company expects to make the appointment within the time period

View on SEC.gov

Browse all listing & compliance notices →

Wheeler Real Estate Investment Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-057585

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.