WPG - Washington Prime effects 1-for-9 reverse stock split

Washington Prime Group (WPG) completes its previously announced one-for-nine reverse stock split, a move meant to increase the company's stock price to meet the $1.00 minimum bid price requirement for continued listing on the NYSE.Every nine issued and outstanding shares of common stock have been converted into one share of common stock, effective Dec. 22, 2020 before the open of trading on the NYSE.Shopping center and mall REIT shares plunged after some retail chains temporarily closed in mid-March to control the spread of COVID-19.WPG's stock fell below $1 per share in early April:

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Washington Prime effects 1-for-9 reverse stock split