Item 8.01 Other Events.
On December 18, 2020, Power REIT, the Company, issued the press release
announcing the establishment of a record date of December 28, 2020 for its right
Under the proposed rights offering, the Company will distribute non-transferable
subscription rights to purchase shares of common stock to its eligible
stockholders and participating option holders as of the record date. Holders who
exercise their subscription rights in full will be entitled to subscribe for
additional shares that are not purchased by other shareholders. The registration
statement relating to the rights offering has been filed with the Securities and
Exchange Commission but has not yet become effective.
The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Exhibit Description of Exhibit
99.1 Power REIT Press Release issued on December 18, 2020
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