Key Summary: On May 26, 2026, Bradley & Daytona Railway & Land Co. LLC and D & C Cacciapaglia Living Trust, holding about 11.1% of the company’s Series A Preferred Stock, requested a special meeting to elect two trustees after six missed dividend quarters, nominating Alexander Kachmar and David Cacciapaglia.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: $2 million | Power REIT, a specialized real estate investment trust (REIT), emphasizes the "Triple Bottom Line" with a focus on Profit, Planet, and People

Bradley & Daytona Railway & Land Co. LLC

On May 26, 2026, Bradley & Daytona Railway & Land Co. LLC and D & C Cacciapaglia Living Trust formed a limited voting group representing about 11.1% of the company’s Series A Preferred Stock to exercise rights triggered by six missed dividend quarters. They requested a special election meeting to appoint two trustees to the Board, nominating Alexander Kachmar and David Cacciapaglia, while otherwise retaining sole voting and dispositive power over their own shares. Source

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