MacKenzie Realty Capital approves 1-for-10 reverse stock split

MacKenzie Realty Capital, Inc. (NASDAQ: MKZR) announced its Board of Directors approved a 1-for-10 reverse stock split on July 3, 2025. The reverse split aims to increase the per-share trading price to meet Nasdaq Capital Market's minimum bid price requirement for continued listing.

The reverse stock split will convert ten current shares of common stock into one new share. The company will not issue fractional shares, instead providing cash payments to stockholders who would receive fractional shares based on the closing price immediately prior to the split.

The reverse split will reduce outstanding shares from 15,781,929.80 to approximately 1,578,192 shares. Exercise prices for outstanding stock warrants will be adjusted proportionally.

Stockholders of record do not need to take action to receive post-split shares in book-entry form. Stockholders holding shares through banks, brokers, custodians or other nominees will have their positions automatically adjusted, though these entities may have different processing procedures.

The company has not determined the effective date for the reverse stock split and will announce it at least two business days prior to implementation.

MacKenzie Realty Capital is a West Coast-focused REIT founded in 2013 that invests in real property and illiquid real estate securities. The company's portfolio includes interests in 4 multifamily properties, 8 office properties, and 2 multifamily developments.

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