Wheeler REIT implements 1-for-2 reverse stock split effective Nov 18, 2024

Wheeler Real Estate Investment Trust, Inc.

Reverse stock split of common stock at 1-for-2 ratio effective 5:00 p.m. ET on Nov 18, 2024.
Par value of common stock decreased from $0.02 to $0.01 per share effective 5:01 p.m. ET on Nov 18, 2024.
Conversion rate of 7.00% subordinated convertible notes due 2031 reduced from ~10.53 to ~5.27 shares per $25 principal.
No fractional shares issued; cash payment in lieu based on closing price on Nov 18, 2024.
New CUSIP number 963025846 for common stock; trading symbol remains WHLR.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.98

Wheeler Real Estate Investment Trust, Inc.: One-for-two reverse stock split of common stock, effective November 18, 2024 at 5:00 p.m. ET, and reduction of par value from $0.02 to $0.01 per share effective at 5:01 p.m. ET on the same day (effective 2024-11-18).

Change: charter amendment
Effective: 2024-11-18

Exact text from the filing

and ii. the par value of the Common Stock to be decreased from $0.02 per share

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Wheeler Real Estate Investment Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001527541-24-000228

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