Power REIT (NYSE-AMEX: PW and PW.PRA) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to February 5, 2021.
David Lesser, Power REIT’s Chairman and CEO, commented, “We are pleased with the general reaction to Power REIT’s Rights Offering which will allow us to pursue additional accretive acquisitions. As previously disclosed, we have received many indications of delayed receipt of the Rights Offering documents in the mail. We have also received requests for an extension of time for shareholders to participate and believe it is prudent to grant one additional extension. Accordingly, we have concluded to push back to February 5, 2021 the date of the closing on the Rights Offering to give investors additional time to participate.”