SplitMay 19, 2026, 04:22 PM
Power REIT Announces One-for-Ten Reverse Stock Split Effective June 2
AI Summary
Power REIT announced that its Board of Trustees unanimously approved a one-for-ten reverse stock split of its common stock. The reverse stock split is scheduled to become effective on June 2, 2026, at 5:00 p.m. Eastern Time, with split-adjusted trading commencing on NYSE American on June 3, 2026, under the existing symbol "PW" and a new CUSIP number. Fractional shares will be paid out in cash based on the closing price on June 2, 2026.
Key Highlights
- Power REIT's Board approved a one-for-ten reverse stock split of common stock.
- The Reverse Stock Split is expected to take effect on June 2, 2026, at 5:00 p.m. ET.
- Common Stock will begin trading on a split-adjusted basis on NYSE American on June 3, 2026.
- A new CUSIP number (73933H309) has been assigned for the split-adjusted shares.
- No fractional shares will be issued; stockholders will receive cash for fractional shares.
- The split will not affect stockholders' relative ownership percentage, except for de minimis changes from fractional share payments.
- Stockholder approval was not required for the Reverse Stock Split.
Price Impact
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