secwatch.observer — SEC 8-K summary
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Issuer:     Power REIT (PW)
CIK:        0001532619
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001493152-24-035013
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power REIT receives NYSE American delisting notice for equity below $2.0M threshold
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- Stockholders' equity was $322,626 at June 30, 2024, well below the $2.0M minimum required by Section 1003(a)(i).
- Company must submit a compliance plan by October 3, 2024; deadline to regain listing is March 3, 2026.
- Shares will trade under symbol PW with a '.BC' designation indicating 'below compliance' status.
- Failure to submit an acceptable plan or meet the 2026 deadline will trigger delisting proceedings.
- Business operations and SEC reporting requirements are not affected by the notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532619/000149315224035013/0001493152-24-035013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532619/000149315224035013/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-035013

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