MacKenzie Realty receives Nasdaq bid price deficiency notice; plans 1-for-10 reverse split

MacKenzie Realty Capital, Inc.

• Nasdaq notified MKZR on July 7, 2025, that its bid price closed below $1.00, triggering a potential delisting.
• Company has 180 days, until January 5, 2026, to regain compliance with the $1.00 minimum bid price.
• Board approved a 1-for-10 reverse stock split on July 3, 2025, as a cure measure; effective date TBD.
• Reverse split would reduce outstanding shares from ~15.8M to ~1.58M; exercise prices of warrants adjusted proportionally.
• Second 180-day period possible if the company meets other listing standards and notifies Nasdaq of intent to reverse split.