Global Medical REIT Inc. has completed a one-for-five reverse stock split, effective as of 5:00 p.m. Eastern Time on September 19, 2025. This reverse stock split has resulted in a proportionate reduction in the company’s authorized shares of common stock from 500,000,000 shares to 100,000,000 shares. Additionally, the number of shares of common stock outstanding has been reduced from 67,037,048 shares to approximately 13,407,409 shares.
As a result of the reverse stock split, the aggregate number of shares authorized for repurchase under the company’s stock repurchase program, the aggregate number of shares issuable under the company’s equity incentive plan, the outstanding equity awards granted under the company’s equity incentive plan, and the outstanding partnership units of Global Medical REIT L.P., the company’s operating partnership, were ratably adjusted to reflect the reverse stock split.
Furthermore, no fractional shares were issued in connection with the reverse stock split. Instead, stockholders entitled to receive fractional shares will be compensated in cash, based on the closing price of the company's common stock on the NYSE.
Following the reverse stock split, stockholders of record will receive information from Equiniti Trust Company, the company’s transfer agent, regarding their stock ownership and, if applicable, payments of cash in lieu of fractional shares. Stockholders who hold their shares in brokerage accounts or in “street name” are not required to take any action in connection with the reverse stock split.
This reverse stock split did not affect any stockholder’s ownership percentage of the common stock, except for de minimis changes resulting from the payment of cash in lieu of fractional shares.
As a result of these announcements, the company's shares have moved -2.59% on the market, and are now trading at a price of $7.53. Check out the company's full 8-K submission here.
