Power REIT announces 1-for-10 reverse stock split effective June 2026

Power REIT (NYSE American: PW) announced its Board of Trustees approved a one-for-ten reverse stock split of the company's common stock, according to a press release statement.

The reverse stock split takes effect at 5:00 p.m. Eastern Time on June 2, 2026. Every ten issued and outstanding shares of common stock will convert into one share at that time.

The stock will begin trading on a split-adjusted basis on NYSE American under the symbol "PW" at market open on June 3, 2026. The company received a new CUSIP number (73933H309) for the transaction.

Shareholders who would receive fractional shares will instead receive cash payments equal to the applicable fraction multiplied by the closing price of the stock on June 2, 2026, as adjusted for the reverse split. No fractional shares will be issued.

The reverse stock split will not affect shareholders' relative ownership percentages or voting rights, except for minimal changes from cash payments replacing fractional shares. All outstanding common stock shares will be subject to the split.

Broadridge Financial Solutions, LLC, the company's transfer agent, will provide shareholders of record with information about their stock ownership following the reverse split. Shareholders holding shares in brokerage accounts do not need to take action.

The Board of Trustees approved the reverse stock split under Maryland General Corporation Law without requiring stockholder approval.

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