Wheeler REIT Sets 1-for-4 Reverse Stock Split for August 26

summarizeSummary

Wheeler REIT filed a 1-for-4 reverse stock split effective August 26, 2026, cutting outstanding shares to ~772,051 while leaving authorized shares unchanged. The move aims to boost the share price from near its 52-week low.

check_boxKey Events · Corporate Governance and Compliance · WHLR

• 1-for-4 Reverse Stock Split

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

• Par Value Reduction

  Par value decreases from $0.04 to $0.01 per share effective 5:01 p.m. on August 26, 2026, keeping aggregate par value unchanged.

• Convertible Note Adjustment

  Conversion rate of 7.00% Subordinated Convertible Notes due 2031 drops from 62.52 to 15.63 shares per $25 principal amount.

• Preferred Stock Conversion Prices

  Series B conversion price rises from $72,576,000,000 to $290,304,000,000 per share; Series D rises from $30,772,224,000 to $123,088,896,000 per share.

auto_awesomeAnalysis · WHLR · Real Estate & Construction

To lift its share price from the $0.34 level, where it trades near its 52-week low, Wheeler REIT is executing a 1-for-4 reverse stock split. The split reduces outstanding shares from 3,088,204 to approximately 772,051, but authorized shares remain unchanged, leaving substantial headroom for further dilution. This follows a year of massive preferred-stock conversions that already diluted common holders by over 70%. The reverse split is a compliance move to maintain Nasdaq listing, not a fundamental improvement.