Wheeler REIT Announces Second Reverse Split in Two Months: 1-for-4 Effective Aug 26

summarizeSummary

Wheeler REIT announced a 1-for-4 reverse stock split effective August 26, 2026, its second reverse split in two months, reducing shares outstanding from 3.09M to ~772K.

check_boxKey Events · Corporate Governance and Compliance · WHLR

• 1-for-4 Reverse Split Announced

  Effective August 26, 2026, every four shares of common stock will convert into one share, reducing outstanding shares from 3,088,204 to approximately 772,051.

• Second Reverse Split in Two Months

  This follows a 1-for-5 reverse split effective July 27, 2026, indicating ongoing efforts to maintain Nasdaq listing compliance amid a stock price near its 52-week low.

• Par Value Reduced to $0.01

  The par value will be decreased from $0.04 to $0.01 per share effective 5:01 p.m. on August 26, 2026, keeping aggregate par value unchanged at $2,000,000.

• Convertible Securities Adjusted

  Notes conversion rate reduced from ~62.52 to ~15.63 shares per $25 principal; Series B conversion price increased to $290,304,000,000 and Series D to $123,088,896,000 per share.

auto_awesomeAnalysis · WHLR · Real Estate & Construction

Wheeler REIT is executing another reverse stock split — its second in two months — this time 1-for-4, effective August 26, 2026. The company had 3,088,204 shares outstanding and will have approximately 772,051 after the split. The par value will be reduced from $0.04 to $0.01 to keep aggregate par value unchanged. This follows a 1-for-5 split effective July 27, 2026, and comes amid a pattern of massive dilution from preferred stock redemptions. The stock trades near its 52-week low of $0.3375, and the repeated reverse splits are a clear attempt to maintain Nasdaq listing compliance. The conversion rates on the Notes and preferred stock are being adjusted proportionally, which preserves the economic terms but further reduces the effective conversion value per share.