Wheeler Real Estate Investment Trust Amends Reverse Stock Split From 1-For-6 To 1-For-5; Previously Disclosed 1-For-6 Reverse Split Abandoned; Timing Of New Split To Be Announced After Further Discussions With NASDAQ
Portfolio Pulse from Benzinga Newsdesk
Wheeler Real Estate Investment Trust (WHLR) has amended its reverse stock split ratio from one-for-six to one-for-five. The previously disclosed one-for-six split has been abandoned. The timing of the new split will be announced after further discussions with NASDAQ.
June 18, 2024 | 7:14 pm
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Wheeler Real Estate Investment Trust has changed its reverse stock split ratio from one-for-six to one-for-five. The timing of the new split will be announced after further discussions with NASDAQ.
The change in the reverse stock split ratio indicates a strategic adjustment by WHLR. However, the overall impact on the stock price in the short term is neutral as the market will wait for further details on the timing and NASDAQ's response.
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