12:17 PM EDT, 07/09/2025 (MT Newswires) -- MacKenzie Realty Capital ( MKZR ) said Wednesday its board has approved a 1-for-10 reverse stock split to help regain compliance with Nasdaq's minimum bid price requirement.

The firm said the reverse split will reduce the number of its shares to about 1.6 million from some 15.8 million. It will announce the effective date at least two business days before implementation.

Shares of MacKenzie were down over 3% in recent trading.

Price: 0.65, Change: -0.02, Percent Change: -3.26