Power REIT Board Approves 1-for-10 Reverse Stock Split

Power REIT's Board of Trustees approved a one-for-ten reverse stock split of its common stock, effective June 2, 2026, at 5:00 p.m. Eastern Time. The common stock is expected to begin trading on a split-adjusted basis on NYSE American under the symbol "PW" at market open on June 3, 2026, and has been assigned a new CUSIP number (73933H309). Stockholders who would hold fractional shares will receive cash in lieu thereof. The reverse stock split will not affect any particular stockholder's relative ownership percentage or voting rights, except for de minimis changes from fractional share payments.