The activist group is aggressively accumulating Series A preferred shares at declining prices and publicly pressuring the company to call a preferred stock meeting to elect two trustees. With a DEFA14A filed the day before this amendment, the proxy fight is escalating. Monitor for the company's response and any further 13D amendments or court filings regarding the meeting demand.
Price Chart
Executive Summary
Activist group Bradley & Daytona and Alexander Kachmar filed Amendment No. 8 to their Schedule 13D on Power REIT's Series A Preferred Stock, disclosing a total beneficial ownership of 40,595 shares (12.0% of the class). The group added 2,082 Series A shares since the prior amendment, with the largest purchases on October 6-7, 2026 (1,202 shares combined) at declining prices ($7.62 and $7.02 average). The filing reiterates that the company remains delinquent in calling a preferred stock meeting to elect two trustee nominees, signaling continued escalation of the proxy fight.
Key Financial Metrics
Key Facts
- Activist group now beneficially owns 40,595 Series A Preferred shares (12.0% of class), up from prior filing
- Added 2,082 Series A shares since August 27, 2026 amendment, including 622 shares on Oct 6 at $7.62 avg and 580 shares on Oct 7 at $7.02 avg
- Group also holds 7,298 common shares (not subject of this filing)
- Filing states the company and its board remain delinquent in calling a preferred stock meeting to elect two trustee nominees (Kachmar and Cacciapaglia) as contractually mandated under Section 8(a) of Articles Supplementary
- Cross-filing context shows a DEFA14A proxy solicitation filed Oct 6, 2026 and a DEF 14A proxy statement filed Sep 23, 2026, indicating active proxy fight escalation
Financial Impact
Activist group spent approximately $16,500 on 2,082 Series A shares since Aug 27, 2026; total stake value in Series A preferred is approximately $325,000 at current prices
Risk Factors
- Continued dividend arrearages on Series A preferred could trigger further activist demands or litigation
- Proxy fight may distract management and increase legal/operating costs
- If the group gains board seats, they could push for asset sales or strategic changes that may not benefit common shareholders
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001437749-26-032339 |
| Exhibit: ex_1023730.htm | 0001437749-26-032339 |
| Document: 0001437749-26-032339-index-headers.html | 0001437749-26-032339 |
| Document: 0001437749-26-032339-index.html | 0001437749-26-032339 |
| Document: 0001437749-26-032339.txt | 0001437749-26-032339 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | DEF 14A | $6.53 | awaiting T+5 | — | $6.81 (−4.29%) |
Oct 7, 2026 19d ago | SC 13D/A | $6.96 $6.90 | ▲ +0.86% | ▲ +0.59% | $6.81 (+2.16%) |
Oct 6, 2026 20d ago | DEFA14A | $7.01 $6.92 | ▼ −1.28% | ▼ −1.15% | $6.81 (−2.85%) |
Sep 23, 2026 4w ago | DEF 14A | $6.86 $7.02 | ▼ −2.33% | ▼ −3.01% | $6.81 (+0.73%) |
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