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A reverse-split proposal for each month of 2027 awaits Wheeler REIT (WHLR) stockholders.
Stock Titan's account of Wheeler REIT's proxy materials describes 15 proposals for its December 4, 2026 annual meeting. Alongside director elections and auditor ratification, shareholders are being asked to approve possible share issuance tied to repayment of promissory notes.
Twelve separate proposals would give the board reverse-split authority for individual months of 2027, with permitted ratios ranging from one-for-two to one-for-100. These are requested permissions, not completed stock splits. The materials also discuss issuance potentially exceeding 19.9% of outstanding common shares, making voting authority and potential dilution central issues.
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