secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-07-09T23:59:59+00:00
Accession:  0001550913-25-000103
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000103/0001550913-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000103/mrc8k07092025.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000103

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