Summary by Moomoo AI
Wheeler Real Estate Investment Trust, Inc. announced a one-for-two reverse stock split of its common stock, effective November 18, 2024, at 5:00 p.m. Eastern Time. The reverse stock split will result in a decrease in the par value per share from $0.02 to $0.01, effective at 5:01 p.m. Eastern Time on the same day. Stockholders will not receive fractional shares but will instead be compensated with a cash payment based on the closing price of the stock on November 18, 2024. The company's common stock will trade on a split-adjusted basis on The Nasdaq Capital Market under a new CUSIP number starting November 19, 2024. The reverse stock split will proportionally adjust the outstanding shares of common stock and the company's operating partnership...Show More
