Power REIT Adjourns Annual Meeting to November 10 as Proposal 3 Lacks Votes
Power REIT adjourned its 2026 Annual Meeting to November 10, 2026 because it had not received enough votes to approve Proposal 3, which requires a majority of all common shares outstanding. The Board has said that if the Series A Preferred Stock overhang cannot be addressed, delisting from the NYSE American and deregistration under the Exchange Act become likely, which would affect shareholders' trading liquidity and access to public reporting.
Key points
- The adjourned meeting is set for November 10, 2026 at 10:30 a.m. Eastern time at 477 Madison Avenue, New York, New York.
- Proposal 3 requires a majority of all common shares outstanding on the September 11, 2026 record date, so unvoted shares count as votes against.
- The Board has disclosed that delisting from the NYSE American and deregistration become likely if the Series A Preferred Stock overhang is not resolved.
- Institutional Shareholder Services (ISS) recommends voting FOR Proposal 3; proxies already submitted remain valid.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.