Item 7.01 Regulation FD Disclosure.
On February 10, 2021, Power REIT (the "Trust") issued a press release regarding
the closing on the Rights Offering. A copy of the press release is attached
hereto as Exhibit 99.1. The information contained in Item 7.01 of this report,
including Exhibit 99.1, is being furnished and shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section. Such information shall not
be incorporated by reference into any filing of the Trust, whether made before
or after the date hereof, regardless of any general incorporation language in
Item 8.01 Other Events - Closing on Rights Offering.
On February 10, 2021, the Trust closed its previously announced rights offering
(the "Rights Offering"), which expired on February 5, 2021. At the closing of
the rights offering, the Trust sold and issued an aggregate of 1,383,394 shares
of the Trust's common shares ("Common Shares") at the subscription price of
$26.50, pursuant to the exercise of rights issued to the Trust's shareholders of
record on December 28, 2020. The Company raised aggregate gross proceeds of
$36,659,941 from the Rights Offering. After giving effect to the Rights
Offering, the Trust has 3,299,533.
The rights offering was made pursuant to the Trust's Registration Statement on
Form S-11 (File No. 333-251276) (the "Registration Statement") that was
previously filed with the Securities and Exchange Commission (the "SEC") and
became effective on December 29, 2020. The Rights Offering was made only by
means of the prospectus supplement (the "prospectus supplement") and the
accompanying prospectus, which was filed with the SEC and can be accessed
through the SEC's website at www.sec.gov.
Item 9.01 Financial Statements and Exhibits.
Exhibit Description of Exhibit
99.1 Power REIT Press Release issued on February 10, 2021
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