other material
confidence high
sentiment neutral
materiality 0.60
Wheeler Real Estate announces 1-for-5 reverse stock split effective July 27, 2026
Wheeler Real Estate Investment Trust, Inc.
- Reverse stock split at 5:00 p.m. ET on July 27, 2026; par value reduced to $0.01 per share at 5:01 p.m.
- Outstanding shares will decrease from ~4.65M to ~929k; no change to authorized shares.
- Conversion rate of 7.00% subordinated convertible notes due 2031 reduced from ~37.33 to ~7.47 shares per $25 principal.
- Conversion price of Series B and Series D preferred stock proportionally increased; fractional shares paid in cash.
- Common stock trades under new CUSIP 963025747; trading symbol WHLR unchanged.