Core Points - Power REIT has received a notice from NYSE Regulation indicating non-compliance with continued listing standards due to insufficient stockholders' equity of $322,626 as of June 30, 2024, which is below the required $2.0 million [1] - The Trust must submit a compliance plan by October 3, 2024, detailing actions to regain compliance by March 3, 2026, or face potential delisting [2] - The notice does not immediately impact the trading status of Power REIT's common and preferred shares, which will continue to trade under the symbol "PW" with an added designation of ".BC" indicating below compliance status [3] Company Overview - Power REIT is a specialized real estate investment trust (REIT) focused on sustainable real estate related to infrastructure assets, including Controlled Environment Agriculture, Renewable Energy, and Transportation [4]
Power REIT Receives Notice of Non-Compliance with NYSE American Continued Listing Standards