Wheeler REIT executes 1-for-4 reverse stock split, reducing shares to ~549K from 2.2M

Filed June 11, 2026 · Period ending June 12, 2026 · ~1 min read

Key Changes

• high

  Reverse stock split takes effect June 17, 2026 at 5:00 PM ET, consolidating every four shares into one. Outstanding shares drop from 2.2 million to approximately 549,000. Fractional shares will be cashed out at June 17 closing price.

  Item 5.03 verify on EDGAR →
• medium

  Convertible notes due 2031 automatically adjust: conversion rate drops from 36.09 shares per $25 principal to 9.02 shares per $25 principal, maintaining economic value for noteholders after the split.

  Item 3.03 verify on EDGAR →
• low

  Series B and Series D preferred stock conversion prices increase proportionally (to $14.5B and $6.2B per common share respectively), though both already had negligible conversion value given astronomical pricing.

  Item 3.03 verify on EDGAR →