other material
confidence high
sentiment neutral
materiality 0.50
Wheeler REIT announces 1-for-9 reverse stock split effective Sept 21, 2026
Wheeler Real Estate Investment Trust, Inc.
- On Sept 17, 2026 filed charter amendments for 1-for-9 reverse split; effective 5:00 p.m. ET Sept 21, 2026.
- Post-split common shares expected ~568,211 from 5,113,901; new CUSIP 963025721; trading split-adjusted Sept 22.
- Note conversion rate cut from ~46.43 to ~5.16 shares per $25 principal; preferred conversion prices increase proportionally.
- No fractional shares; cash paid in lieu based on Sept 21 closing price; authorized share count unchanged.
- Trading symbol WHLR remains; par value reduced from $0.09 to $0.01 via second amendment.