Wheeler Real Estate Investment Trust Inc. announced amendments to its bylaws in connection with a one-for-seven reverse stock split of its common stock, effective May 26, 2025. This adjustment will not change the relative ownership percentage or voting rights of shareholders, except for cash payments in lieu of fractional shares. The par value of common stock will decrease from $0.07 to $0.01 per share, effective shortly after the split. The company's trading symbol remains unchanged, but the CUSIP number will be updated.
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