Bradley & Daytona Boost Power REIT Stake, Seek Board Seat

Bradley & Daytona Railway & Land Co. LLC, along with a group of reporting persons including Alexander Kachmar and David Cacciapaglia, filed an Amendment No. 5 to their Schedule 13D for Power REIT (PW). This filing reports that Bradley & Daytona now directly owns 15,508 shares of Series A Preferred Stock, representing a 4.6% stake. Collectively, the reporting group may be deemed to beneficially own 38,717 shares, or approximately 11.5% of the outstanding Series A Preferred Stock. The amendment highlights an ongoing effort by the group to exercise special voting rights triggered by the issuer's failure to pay dividends for more than six quarterly periods. On June 15, 2026, the group issued a second formal demand for a special meeting of preferred stockholders to elect two additional trustees. They have nominated Alexander Kachmar and David Cacciapaglia for these positions. The group has requested a written response establishing a record date for the election by June 19, 2026, reserving all legal rights to enforce their voting privileges under the Articles Supplementary.