Power REIT adjourns annual shareholder meeting to Nov. 10 to seek more votes on preferred stock amendment
PW•Power REIT adjourned its October 27 annual meeting to November 10 to seek more votes for a Series A Preferred Stock amendment. The company said failure to resolve the preferred stock issue makes NYSE American delisting and Exchange Act deregistration likely.
1. Meeting adjourned
Power REIT adjourned its October 27, 2026 annual shareholder meeting to November 10 at 10:30 a.m. Eastern time to allow more time to secure votes for Proposal 3, an amendment concerning Series A Preferred Stock. Passage requires a majority of Common Shares outstanding on September 11, and unvoted shares effectively count against the proposal.
2. Preferred stock proposal
The proposal would allow Series A Preferred Stock holders’ approval to be sought without another common shareholder vote. Power REIT said failure to resolve the preferred stock issue makes NYSE American delisting and Exchange Act deregistration likely, reducing liquidity and public reporting.
