๐•@wheelerfundrh
WHLR โ†—
WHEELER REAL ESTATE INVESTMENT TRUST | NASDAQ: WHLR
FORM 10-Q ยท PUBLIC RECORD ยท SEC.GOV

Owns 59 real shopping centers.
Reverse-split the stock fourteen times.

Wheeler Real Estate Investment Trust is a real, operating company out of Virginia Beach โ€” grocery-anchored shopping centers leased to Food Lion, Kroger, Home Depot, TJ Maxx, and Planet Fitness. It's also done 14 reverse stock splits since August 2023, and its board has pre-approved a reverse split every single month through the end of 2026. It's currently one of the lowest market caps on the entire Nasdaq. We copied the ticker for a coin, and we're using the fees to try to flip the stock and buy it.

REAL: 59 CENTERS SHARE COUNT: SHRINKING FIG. 1 โ€” GROCERY-ANCHORED CENTER, NOT TO SCALE
A schematic, not a property photo โ€” this is our own illustration, not a WHLR asset.
THE GOAL

Use the fees to flip the stock and buy it. Become the first memecoin to own a Nasdaq-listed company.

Every dollar $WHLR generates goes toward the same trade, over and over, until the treasury holds real shares of a company that owns real, cash-flowing shopping centers โ€” not a slogan, the actual plan.

The board has pre-approved a reverse split every month through December 2026. Fourteen down already. It's the memecoin community's turn โ€” buy the stock.

01 โ€” THE FILING HISTORY

Fourteen reverse splits. All of them real, dated, public filings.

Pulled straight from SEC 10-Qs, 10-Ks, and 8-Ks. We didn't have to invent a single date.

14 reverse stock splits effected between August 2023 and July 2026
Jun 2011

Founded in Virginia Beach, Virginia

Incorporated in Maryland as a company focused on grocery-anchored retail.

Nov 2012

IPOs on Nasdaq

Common stock begins trading under WHLR.

Aug 2022

Acquires Cedar Realty Trust

Cedar becomes a subsidiary, growing the portfolio to dozens of shopping centers across the Mid-Atlantic, Southeast, and Northeast.

Aug 2023

Reverse split #1: one-for-ten

The first of what becomes a running series.

May โ€“ Nov 2024

Splits #2โ€“#5

1-for-24 (May), 1-for-5 (Jun), 1-for-3 (Sep), 1-for-2 (Nov) โ€” four more consolidations inside one year.

Jan โ€“ Nov 2025

Splits #6โ€“#10

1-for-4 (Jan), 1-for-5 (Mar), 1-for-7 (May), 1-for-5 (Sep), 1-for-2 (Nov).

Aug 20, 2025

Shareholders approve monthly reverse splits

The board gets standing authorization to reverse-split the stock every month, all the way through December 31, 2026 โ€” no need to ask again.

Jan โ€“ Jul 2026

Splits #11โ€“#14

1-for-3 (Jan), 1-for-3 (Apr), 1-for-4 (Jun), 1-for-5 (Jul). Fourteen total.

Jun 2026

The pump-and-fade

Shares spike from under $1 to a high near $3.80 in days on speculative volume, then give most of it back within weeks.

Sep 1, 2026

Market cap: ~$500,000 โ€” one of the lowest on the Nasdaq

Still Nasdaq-listed. Still owns 59 real properties. Still splitting.

02 โ€” SCALE

What $500,000 actually buys you.

Simon Property Group
~$71B
Nvidia
$3.44T
Combined split ratio since 2023
>100,000,000:1
All of WHLR, today
~$500,000
One of WHLR's own shopping centers
Probably worth more
03 โ€” THE MECHANISM

Fees in. Shares out. No reverse splits on our side.

The company shrinks the share count. We just buy more of what's left.

01

The coin trades

$WHLR launches on Pons via Robinhood Chain โ€” same ticker as the stock, deliberately.

02

Fees accrue

Every swap generates creator fees, same as any other launch.

03

The treasury buys

Fees convert to USD and buy real WHLR common shares on the Nasdaq, through a licensed brokerage.

04

Receipts posted

Date, shares, price, proof โ€” once the treasury wallet exists.

05

Someone notices

A company that's split fourteen times gets a new kind of shareholder.

06

Loop

Attention brings volume. Volume brings fees. Fees buy shares.

04 โ€” THE ACTUAL COMPANY

A real, currently-operating company.

Name
Wheeler Real Estate Investment Trust, Inc.
Ticker
Nasdaq: WHLR
Founded
2011
IPO
November 2012
HQ
Virginia Beach, Virginia
Properties
59 shopping centers, 14 states
Employees
~49
Reverse splits
14, since August 2023
Dividends
Suspended (common & preferred)
EXHIBIT A

Standing authorization to keep splitting

In August 2025, shareholders approved monthly reverse stock splits through December 31, 2026 โ€” meaning the board doesn't need to ask permission each time. Four more splits have happened since.

EXHIBIT B

Real tenants, real cash flow

The properties are leased to Food Lion, Kroger, Home Depot, Harbor Freight, TJ Maxx, Burlington, Ross, Five Below, Dollar Tree, and Planet Fitness โ€” this is an operating business, not a shell.