Power REIT Adjourns Annual Meeting to Nov 10; Delisting Risk Hangs on Series A Vote

summarizeSummary

Power REIT adjourned its 2026 annual meeting to November 10, 2026 after falling short on Proposal 3, the Series A Preferred Stock amendment the Board says is needed to avoid a likely NYSE American delisting and Exchange Act deregistration.

check_boxKey Events · Corporate Governance and Compliance · PW

• Annual Meeting Adjourned to November 10

  The October 27, 2026 meeting was adjourned with respect to all proposals to November 10, 2026 at 10:30 a.m. Eastern at 477 Madison Avenue, New York, because sufficient votes had not been received to approve Proposal 3. No votes were taken on any proposal at the October 27 session.

• Vote Measured Against All Outstanding Shares

  Proposal 3 needs the affirmative vote of a majority of all Common Shares outstanding on the September 11, 2026 record date, so an unvoted share has the same effect as a vote against. The record date will not change and previously submitted proxies remain valid.

• Delisting and Deregistration at Stake

  The Board has disclosed that if the Trust cannot address the Series A Preferred Stock overhang, delisting from the NYSE American and deregistration under the Exchange Act become likely, which would end exchange trading of the Common Shares, reduce liquidity and public reporting, and trigger the Series A conversion rights.

• ISS Recommends For Proposal 3

  Institutional Shareholder Services recommended shareholders vote FOR Proposal 3, concluding approval would give the Board added flexibility to resolve the Series A Preferred Stock overhang while the Trust remains listed and registered.

auto_awesomeAnalysis · PW · Real Estate & Construction

The annual meeting was pushed to November 10, 2026 because Power REIT could not secure enough votes on Proposal 3, the measure that would let the Board resolve the Series A Preferred Stock overhang without a separate preferred-holder vote. Management's own disclosure is blunt: failing to address the overhang makes delisting from the NYSE American and deregistration under the Exchange Act likely, which would end exchange trading of the common shares, cut liquidity and public reporting, and trigger the Series A conversion rights. Approval is measured against all outstanding common shares, so every unvoted share counts as a vote against; the outcome therefore hinges on retail and institutional turnout rather than a simple majority of votes cast. ISS backs the proposal, but the Board may adjourn again if the count stays short, and each extra solicitation round costs the Trust money.