Business
MacKenzie Realty Capital Announces Plans for a 1-for-10 Reverse Stock Split
ORINDA, Calif., July 09, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced that its Board of Directors has approved a 1-for-10 reverse stock split. The reverse stock split was approved by MacKenzie’s Board on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The
About this update from Mackenzie Realty Capital, Inc.
[{"type":"image","alt":"MacKenzie Capital Management, LP","displaySize":"","headline":null,"caption":"MacKenzie Capital Management, LP","className":"","disableSlideshowImg":false,"size":{"original":{"width":267,"height":121,"url":"https://media.zenfs.com/en/globenewswire.com/3adfb30815226313598dbebf1acddedb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gPkO04qy3qg.Fv_OJimT7Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE5MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/3adfb30815226313598dbebf1acddedb","width":267,"height":121}},"lazy":false},{"type":"text","content":"ORINDA, Calif., July 09, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced that its Board of Directors has approved a 1-for-10 reverse stock split. The reverse stock split was approved by MacKenzie’s Board on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market.","length":504,"tagName":"p"},{"type":"text","content":"The 1-for-10 reverse stock split would automatically convert ten current shares of MacKenzie’s common stock into one new share of common stock. No fractional shares (less than one whole share) would be issued in connection with the reverse stock split. In lieu of issuing a fractional share, stockholders of record who otherwise would be entitled to receive a fractional share would be entitled to cash in an amount equal to the applicable fraction multiplied by the closing price of the Company’s Common Stock on The Nasdaq Capital Market immediately prior to the split (as adjusted for the reverse stock split), without any interest. The reverse stock split would reduce the number of shares of common stock outstanding from 15,781,929.80 shares to approximately 1,578,192 shares. Proportional adjustments also would be made to the exercise prices of MacKenzie’s outstanding stock warrants.","length":892,"tagName":"p"},{"type":"text","content":"Stockholders of record are not required to take any action to receive post-split shares in book-entry. Stockholders owning shares through a bank, broker, custodian or other nominee would have their positions automatically adjusted to reflect the reverse stock split, subject to the holding entity’s particu...