Item 8.01 Other Events.
On December 23, 2020, Power REIT, the Company, issued the press release
announcing the pricing for its proposed rights offering.
Under the proposed rights offering, the Company will distribute non-transferable
subscription rights to purchase its common shares to eligible stockholders and
participating option holders as December 28, 2020, the record date for the
rights offering. Holders who exercise their subscription rights in full will be
entitled to subscribe for additional shares that are not purchased by other
shareholders. A registration statement, as amended, 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 23, 2020
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