Jun 05, 2025 activistcompany

Henry Posner signals governance engagement and potential board involvement at Power REIT (PW)

Key Summary: On Dec 29, 2025, Henry Posner (10%) signaled plans to engage management and the board on governance and the future of Pittsburgh & West Virginia Railroad, may seek or nominate board members if needed, and could pursue governance reviews or strategic options. On July 25, 2024, Axonic Capital had discussed with the management various strategies to enhance shareholder value, including potential recapitalization and other strategic alternatives.

Market Cap: $4 million | Power REIT, a specialized real estate investment trust (REIT), emphasizes the "Triple Bottom Line" with a focus on Profit, Planet, and People.

Henry Posner

On December 29, 2025, Henry Posner (10%) stated that he plans to engage with CEO/Chair David H. Lesser and the Board on governance and the future of the company’s wholly owned subsidiary, Pittsburgh & West Virginia Railroad, may seek a board seat or nominate directors if no agreement is reached, and could explore governance audits, strategic options, or transactions. Source

Axonic Capital

On July 25, 2024, Axonic Capital (5.4%) had discussed with the management various strategies to enhance shareholder value, including potential recapitalization and other strategic alternatives. Source

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