Wheeler Real Estate Investment Trust announced a one-for-two reverse stock split of its common stock, effective November 18, 2024, at 5:00 p.m. Eastern Time. The company's common stock will begin trading on a split-adjusted basis on Nasdaq Capital Market on November 19, 2024, under a new CUSIP number (963025846), while maintaining its current trading symbol.The reverse split will adjust all outstanding common shares, with fractional shares being paid in cash based on the November 18 closing price. The par value will be decreased from $0.02 to $0.01 per share. The split will not affect stockholders' relative ownership percentages except for minimal changes from fractional share payments.As a result of the split, conversion rates for the company's securities will be adjusted: the 7.00% subordinated convertible notes will change from 10.53 to 5.27 shares per $25.00 principal amount. Series B Preferred Stock conversion price will increase to $288,000 per share, and Series D Preferred Stock to $122,112 per share. The company's incentive plans will also be proportionally adjusted.

Wheeler Real Estate Investment Trust announced a one-for-two reverse stock split of its common stock, effective November 18, 2024, at 5:00 p.m. Eastern Time. The company's common stock will begin trading on a split-adjusted basis on Nasdaq Capital Market on November 19, 2024, under a new CUSIP number (963025846), while maintaining its current trading symbol.The reverse split will adjust all outstanding common shares, with fractional shares being paid in cash based on the November 18 closing price. The par value will be decreased from $0.02 to $0.01 per share. The split will not affect stockholders' relative ownership percentages except for minimal changes from fractional share payments.As a result of the split, conversion rates for the company's securities will be adjusted: the 7.00% subordinated convertible notes will change from 10.53 to 5.27 shares per $25.00 principal amount. Series B Preferred Stock conversion price will increase to $288,000 per share, and Series D Preferred Stock to $122,112 per share. The company's incentive plans will also be proportionally adjusted.