other material
confidence high
sentiment neutral
materiality 0.50
Wheeler Real Estate 1-for-4 reverse stock split effective Aug 26, 2026
Wheeler Real Estate Investment Trust, Inc.
- 1-for-4 reverse stock split effective 5:00 p.m. ET Aug 26, 2026; par value lowered to $0.01 per share.
- Shares outstanding to drop from 3,088,204 to ~772,051; new CUSIP 963025739; symbol WHLR unchanged.
- Convertible note conversion rate cut from ~62.52 to ~15.63 shares per $25 principal (7.00% notes due 2031).
- Series B and Series D preferred conversion prices rise proportionally to $290.304B and $123.088896B per share.
- Fractional shares paid in cash based on Aug 26 closing price; no change to authorized share count.