Business Services | Corporate Finance Advisory

Wilshire Completes Stock Deregistration

  • The Special Committee of the Board of Directors of Wilshire Enterprises (OTC: WLSED.PK) retained TM Capital as financial advisor in connection with the deregistration of its common stock
  • The deregistration was accomplished through a reverse stock split of the Company‚Äôs common shares followed immediately by a forward split of the Company’s common shares
  • TM Capital provided Wilshire Enterprises with a fairness opinion with respect to the reverse/forward stock split transaction
  • This is the second transaction TM Capital has completed for Wilshire, which manages real estate holdings in New Jersey, Arizona and Texas