MacKenzie Realty announces plans for 1-for-10 reverse stock split

MacKenzie Realty (MKZR) Capital 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 1-for-10 reverse stock split would automatically convert ten current shares of MacKenzie’s common stock into one new share of common stock. 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. The effective date of the reverse stock split has not yet been determined and will be announced by the company at least two business days prior to its implementation.