other material
confidence high
sentiment neutral
materiality 0.60
Wheeler Real Estate announces 1-for-4 reverse stock split effective June 17, 2026
Wheeler Real Estate Investment Trust, Inc.
- One-for-four reverse stock split effective 5:00 p.m. ET June 17, 2026; par value reduced to $0.01 per share.
- No fractional shares issued; cash payment in lieu based on closing price on June 17.
- Post-split common shares outstanding anticipated at ~548,588 from 2,194,353.
- Conversion rate on 7.00% subordinated convertible notes due 2031 reduced to ~9.02 shares per $25 principal.
- Conversion prices of Series B and Series D preferred stock proportionally increased.