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