Power REIT to execute one-for-ten reverse split effective June 2
Power REIT will implement a one-for-ten reverse stock split effective June 2, 2026, converting every ten issued shares into one share and receiving new CUSIP 73933H309 on NYSE American. Fractional shares will be cashed out at the split-adjusted June 2 closing price, with no interest.
1. Reverse Split Approval and Timing
Power REIT’s Board of Trustees approved a one-for-ten reverse stock split of its common stock effective at 5:00 p.m. ET on June 2, 2026. At the effective time, every ten issued shares will automatically convert into one share, reducing the total share count.
2. Fractional Share Treatment
Stockholders entitled to fractional shares will receive cash payments equal to the applicable fraction multiplied by the closing price of the common stock on June 2, 2026, adjusted for the split. These payments will be made without interest in lieu of issuing fractional shares.
3. Trading Adjustment and CUSIP Update
On June 3, 2026, the first business day after the split, common stock will begin trading on a split-adjusted basis on NYSE American under the same symbol with new CUSIP 73933H309. No action is required by shareholders holding shares in brokerage or street name accounts.
4. Ownership and Voting Rights
The reverse split will not affect individual ownership percentages or voting rights, aside from minor changes resulting from cash-outs of fractional shares. No shareholder approval was required under Maryland law.