---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-037985"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:02:36.978070+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.68
calibrated_materiality_score: 0.68
confidence: "high"
source: SEC EDGAR
---

# Power REIT restates Q2 2024 balance sheet; reclassifies preferred shares to equity, boosting total equity to ~$10M

## Summary
- Error in classification of Series A preferred shares; restatement reclassifies from mezzanine equity to equity.
- Total equity increased to approx. $10M as of June 30, 2024, exceeding NYSE American's >$2M minimum threshold.
- Restatement is non-cash with no impact on revenue, net income, or non-GAAP metrics such as Funds from Operations.
- Company discloses material weakness in internal controls over accounting for complex transactions.
- Original Form 10-Q for quarter ended June 30, 2024 should no longer be relied upon; amended 10-Q/A filed concurrently.

## SEC filing metadata
- accession: 0001493152-24-037985
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.68
- calibrated_materiality_score: 0.68
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315224037985/0001493152-24-037985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315224037985/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037985
- JSON: https://secwatch.observer/filing/0001493152-24-037985.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037985.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.