Wheeler Real Estate Investment Trust, Inc. announced a one-for-three reverse stock split of its common stock, effective September 19, 2024, after market close. The reverse stock split will reduce the number of shares outstanding and is expected to proportionally increase the stock price. No fractional shares will be issued; instead, shareholders will receive a cash payment for any fractional shares they would have received. The company's common stock will begin trading on a split-adjusted basis on September 20, 2024, under a new CUSIP number. The reverse stock split will also affect the conversion rates of the company's convertible securities, including its 7.00% subordinated convertible notes due 2031, Series B Convertible Preferred Stock, and Series D Cumulative Convertible Preferred Stock. Adjustments will also be made to the company's incentive plans to reflect the reverse stock split. The company has filed the necessary amendments with the State Department of Assessments and Taxation of Maryland and has provided updated information in its Current Report on Form 8-K filed on September 17, 2024.

Wheeler Real Estate Investment Trust, Inc. announced a one-for-three reverse stock split of its common stock, effective September 19, 2024, after market close. The reverse stock split will reduce the number of shares outstanding and is expected to proportionally increase the stock price. No fractional shares will be issued; instead, shareholders will receive a cash payment for any fractional shares they would have received. The company's common stock will begin trading on a split-adjusted basis on September 20, 2024, under a new CUSIP number. The reverse stock split will also affect the conversion rates of the company's convertible securities, including its 7.00% subordinated convertible notes due 2031, Series B Convertible Preferred Stock, and Series D Cumulative Convertible Preferred Stock. Adjustments will also be made to the company's incentive plans to reflect the reverse stock split. The company has filed the necessary amendments with the State Department of Assessments and Taxation of Maryland and has provided updated information in its Current Report on Form 8-K filed on September 17, 2024.