Wheeler Real Estate Investment Trust, Inc. (WHLR): Nasdaq/NYSE listing notice — Wheeler REIT receives Nasdaq delisting notice for bid price below $1.00; 180-day cure period

Wheeler Real Estate Investment Trust, Inc.

Nasdaq notified WHLR that common stock failed to meet $1.00 minimum bid for 30 consecutive business days.
Company has until June 4, 2024 to regain compliance; may seek second 180-day period if eligible.
WHLR evaluating options including a reverse stock split to cure the deficiency.
Series D preferred holders can redeem at $25/share plus accrued dividends; company plans to settle in common stock.
Common stock issued in December redemptions was unregistered; company plans to register future shares.

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 minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

December 7, 2023, Wheeler Real Estate Investment Trust, Inc. (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid p

View on SEC.gov

Browse all listing & compliance notices →

Wheeler Real Estate Investment Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001527541-23-000164

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.