Wheeler Real Estate Investment Trust Inc. announced a one-for-three reverse stock split of its common stock, effective September 19, 2024. The company filed two Articles of Amendment with the State Department of Assessments and Taxation of Maryland to initiate the reverse stock split and to decrease the par value of the common stock from $0.03 to $0.01 per share. Stockholders will not receive fractional shares but will be compensated with cash payments based on the closing price of the stock on the effective date. The reverse stock split will proportionally adjust the outstanding shares, the conversion rates of the company's convertible securities, and the terms of its incentive plans. The common stock will trade on a split-adjusted basis with a new CUSIP number starting September 20, 2024. The company's trading symbol will remain unchanged.

Wheeler Real Estate Investment Trust Inc. announced a one-for-three reverse stock split of its common stock, effective September 19, 2024. The company filed two Articles of Amendment with the State Department of Assessments and Taxation of Maryland to initiate the reverse stock split and to decrease the par value of the common stock from $0.03 to $0.01 per share. Stockholders will not receive fractional shares but will be compensated with cash payments based on the closing price of the stock on the effective date. The reverse stock split will proportionally adjust the outstanding shares, the conversion rates of the company's convertible securities, and the terms of its incentive plans. The common stock will trade on a split-adjusted basis with a new CUSIP number starting September 20, 2024. The company's trading symbol will remain unchanged.