Wheeler REIT announces 1-for-2 reverse stock split effective Nov 28, 2025
Wheeler Real Estate Investment Trust, Inc.
- Reverse split effective 5:00 p.m. ET Nov 28; trading on split-adjusted basis Dec 1.
- Pre-split shares outstanding 1,380,640; post-split approx 690,320 shares; no change to authorized shares.
- No fractional shares issued; cash in lieu based on Nov 28 closing price.
- Conversion rate of 7% subordinated notes due 2031 reduced from ~14.35 to ~7.17 shares per $25 principal.
- Conversion price of Series B and Series D preferred stock proportionally increased.