Power REIT 8-K

What Happened
Power REIT (PW) announced a one-for-ten reverse stock split of its common stock, approved unanimously by the Board, that will convert every ten issued and outstanding shares into one share. The Reverse Stock Split is expected to take effect at 5:00 p.m., Eastern Time, on June 2, 2026, and the Common Stock is expected to begin trading on a split‑adjusted basis on NYSE American at market open on June 3, 2026. The company issued a press release (Exhibit 99.1) and included Regulation FD disclosure and forward‑looking statements in the filing.

Key Details

• Reverse ratio: 1-for-10 (every ten shares → one share).
• Effective Time: 5:00 p.m. ET on June 2, 2026; trading on split‑adjusted basis expected June 3, 2026.
• New CUSIP: 73933H 309; trading symbol remains “PW” on NYSE American.
• No fractional shares will be issued; holders entitled to cash in lieu based on the closing price on NYSE American on June 2, 2026 (adjusted for the split), paid without interest.
• The split applies to all outstanding shares and does not require stockholder approval; record holders will receive post‑split information from Broadridge.

Why It Matters
For shareholders, the Reverse Stock Split will reduce the number of shares held (one new share for every ten old shares) but will not change each holder’s relative ownership percentage except for minor effects from cash‑in‑lieu payments. Shareholders holding shares in brokerage or “street name” do not need to take any action; registered holders will be notified by the transfer agent. The filing also contains customary forward‑looking statements and a disclaimer about updates to those statements.