Wheeler Real Estate Investment Trust, Inc. (Wheeler REIT) has proposed a series of potential reverse stock splits, subject to stockholder approval, to maintain its listing on The Nasdaq Capital Market and improve the marketability and liquidity of its common stock. The proposals authorize the Board of Directors to effect reverse stock splits at varying ratios and timeframes throughout 2024 and early 2025. The reverse stock splits aim to address the company's non-compliance with Nasdaq's minimum bid price requirement and to enhance the perception of Wheeler REIT's stock as an investment security. The Board reserves the right to abandon the reverse stock splits if deemed inadvisable, even if stockholder approval is obtained. The proposals are considered routine, and brokers may vote on behalf of stockholders if no instructions are provided. The Board unanimously recommends stockholders vote in favor of the proposed reverse stock splits.

Wheeler Real Estate Investment Trust, Inc. (Wheeler REIT) has proposed a series of potential reverse stock splits, subject to stockholder approval, to maintain its listing on The Nasdaq Capital Market and improve the marketability and liquidity of its common stock. The proposals authorize the Board of Directors to effect reverse stock splits at varying ratios and timeframes throughout 2024 and early 2025. The reverse stock splits aim to address the company's non-compliance with Nasdaq's minimum bid price requirement and to enhance the perception of Wheeler REIT's stock as an investment security. The Board reserves the right to abandon the reverse stock splits if deemed inadvisable, even if stockholder approval is obtained. The proposals are considered routine, and brokers may vote on behalf of stockholders if no instructions are provided. The Board unanimously recommends stockholders vote in favor of the proposed reverse stock splits.