{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-004829","form_type":"8-K","ticker":"PW","cik":"0001532619","company_name":"Power REIT","filed_at":"2025-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.652607+00:00","generated_at":"2026-05-23T14:37:44.212254+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Power REIT resolves greenhouse loan default with deeds-in-lieu; retains some assets, explores new focus","bullets":["Provided deeds-in-lieu of foreclosure for greenhouse properties in Michigan and Nebraska to lender, releasing remaining collateral and Greenhouse Loan obligations.","Pro forma net loss attributable to common shareholders reduced from $25.4M to $8.2M for FY2024; total assets drop from $46.1M to $29.0M.","Retained assets include properties in Colorado, California, and Maine, plus a greenhouse in Oklahoma not part of the loan.","Company will continue managing retained assets and is evaluating distressed real estate situations including properties, loans, and companies.","Write-off of Nebraska and Michigan properties eliminates ongoing costs of maintaining vacant greenhouses."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-004829","json":"https://secwatch.observer/filing/0001641172-25-004829.json","markdown":"https://secwatch.observer/filing/0001641172-25-004829.md","text":"https://secwatch.observer/filing/0001641172-25-004829.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1532619/000164117225004829/0001641172-25-004829-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1532619/000164117225004829/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T14:37:44.212254+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}