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OFFON

POWER REIT

(PW)
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POWER REIT : Regulation FD Disclosure, Other Events, Financial Statements and Exhibits (form 8-K)

02/10/2021 | 11:36am EDT

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 such filing.

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.




(d) Exhibits.



Exhibit   Description of Exhibit

99.1        Power REIT Press Release issued on February 10, 2021

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2021 9,71 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 4,08%
Capitalization 158 M 158 M -
Capi. / Sales 2021 16,3x
Capi. / Sales 2022 10,7x
Nbr of Employees 3
Free-Float 68,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 47,50 $
Average target price 63,00 $
Spread / Average Target 32,6%
Managers and Directors
David H. Lesser Chairman-Trustees Board, CEO, CFO & Secretary
Virgil E. Wenger Independent Trustee
Patrick R. Haynes Independent Trustee
William S. Susman Independent Trustee
Paula Jean Poskon Independent Trustee
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