secwatch.observer — SEC 8-K summary
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Issuer:     Power REIT (PW)
CIK:        0001532619
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001493152-24-038238
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power REIT resolves NYSE American listing deficiency; restates preferred shares as equity boosting total equity to ~$10M
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- NYSE American rescinded Sept 3 deficiency letter after Power REIT restated preferred shares from mezzanine equity to equity.
- Restated total equity ~$10M as of June 30, 2024, above the $2M threshold for continued listing.
- Accounting change is non-cash; does not affect revenue, net income, EPS, or FFO.
- Form 10-Q/A filed Sept 24, 2024 with restated balance sheet; deficiency resolved Sept 25, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532619/000149315224038238/0001493152-24-038238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532619/000149315224038238/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038238

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