Wheeler REIT Announces One-for-Seven Reverse Stock Split Effective May 2025

Reuters
05/22
Wheeler REIT Announces One-for-Seven Reverse Stock Split Effective May 2025

Wheeler Real Estate Investment Trust Inc. announced amendments to its bylaws in connection with a one-for-seven reverse stock split of its common stock, effective May 26, 2025. This adjustment will not change the relative ownership percentage or voting rights of shareholders, except for cash payments in lieu of fractional shares. The par value of common stock will decrease from $0.07 to $0.01 per share, effective shortly after the split. The company's trading symbol remains unchanged, but the CUSIP number will be updated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-25-000124), on May 21, 2025, and is solely responsible for the information contained therein.

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