other_material
confidence high
sentiment negative
materiality 0.60
MacKenzie Realty Capital announces 1-for-10 reverse stock split effective Aug 4 to meet Nasdaq bid price requirement
MacKenzie Realty Capital, Inc.
- 1-for-10 reverse stock split effective 5:01 PM ET Aug 4, 2025; trading on split-adjusted basis Aug 5 under symbol MKZR.
- Outstanding shares reduced from ~16.76M to ~1.68M; no fractional shares; cash in lieu based on Aug 1 closing price.
- Split intended to meet Nasdaq minimum bid price requirement for continued listing; no assurance of compliance.
- Proportional adjustments to prefunded, Series A, and Series B warrants exercise prices (e.g., Series A/B to $17.10) and preferred conversion prices (to $102.50 for Series A/C).
- CUSIP number changes to 55453W501; Computershare acts as exchange agent.
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