Power reit receives notice of non-compliance with nyse american continued listing standards

Old bethpage, new york, sept. 04, 2024 (globe newswire) -- power reit (nyse-amex: pw and pw.pra) (“power reit” or the “trust”), today announced that on september 3, 2024, power reit (the “trust”) received a written notice from the nyse regulation (the “nyse notice”) of nyse american llc (the “exchange”) stating that the trust is not in compliance with the continued listing standards of the exchange because the trust is below compliance with section 1003(a)(i) of the nyse american company guide (the “company guide”), requiring a stockholders' equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, as a result of the trust's reported stockholders' equity of $322,626 at june 30, 2024 and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended december 31, 2023. the trust is also not currently eligible for any exemption in section 1003(a) of the company guide from the stockholders' equity requirements.
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