June 26th (Eastern Time) - $Wheeler Real Estate Investment Trust Inc (WHLR.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 28th, 2024.
$Wheeler Real Estate Investment Trust Inc (WHLR.US)$ slipped 2.78% and closed at $3.15 on June 25th with a turnover of $250.29K. $Wheeler Real Estate Investment Trust Inc (WHLR.US)$ now has a total market capitalization of $8.92 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.