Power REIT Announces One-for-Ten Reverse Stock Split

Power REIT (NYSE AMERICAN: PW), a prominent player in the real estate investment trust (REIT) sector, has made a significant announcement regarding its common stock. On May 19, 2026, the company's Board of Trustees approved a one-for-ten reverse stock split, which will take effect on June 2, 2026, at 5:00 p.m. Eastern Time. This move aims to streamline Power REIT's stock structure and enhance its market presence.

Under the terms of the reverse stock split, every ten shares of issued and outstanding common stock will be consolidated into one share. This means that shareholders will see a reduction in the number of shares they own, but their overall ownership percentage in the company will remain relatively unaffected, aside from minor adjustments due to fractional shares.

On June 3, 2026, the first business day following the effective time of the split, Power REIT's common stock will commence trading on a split-adjusted basis under the same ticker symbol "PW." The stock will also be assigned a new CUSIP number (73933H309), which is a unique identifier for the security.

In an effort to simplify the transition, Power REIT has stated that no fractional shares will be issued as a result of the reverse stock split. Instead, shareholders who would otherwise receive fractional shares will be compensated with a cash payment equivalent to the fraction of a share they would have received, calculated based on the closing price of the common stock on June 2, 2026, adjusted for the reverse stock split.

The reverse stock split will apply uniformly to all outstanding shares, meaning that shareholders’ relative ownership percentages will largely remain intact. The primary exception will be minor changes due to cash payments for fractional shares. Additionally, the voting rights associated with the shares will remain unchanged, ensuring that shareholders still retain their voice in company matters.

Power REIT has assured shareholders that they will receive detailed information from Broadridge Financial Solutions, LLC, the Trust’s transfer agent, regarding their stock ownership after the reverse stock split. For shareholders holding shares in brokerage accounts or in "street name," no action is required on their part.

This reverse stock split has been approved by Power REIT’s Board of Trustees in accordance with Maryland General Corporation Law, and notably, it does not require stockholder approval. This decision aligns with Power REIT's strategic objectives as it continues to focus on its core operations in sustainable real estate, which encompasses controlled environment agriculture, solar farm land, and transportation.

Power REIT's decision to implement a one-for-ten reverse stock split marks a pivotal moment for the company as it seeks to optimize its stock structure and enhance its market appeal. As the effective date approaches, shareholders and market observers will be keenly watching how this change influences Power REIT's stock performance and investor sentiment in the broader real estate market.