Axonic Capital Amends Power REIT Stake Filing

TL;DR

Axonic Capital updated its Power REIT ownership filing - watch for more details.

AI Summary

Axonic Capital LLC, through its filing on December 10, 2024, has amended its Schedule 13D regarding Power REIT. This amendment, designated as Amendment No. 2, indicates a change in the beneficial ownership of Power REIT's common shares. The filing does not specify the exact percentage change or the new holdings but signifies an update to Axonic Capital's stake in the company.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in investor sentiment or strategy, potentially impacting Power REIT's stock price and corporate governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings indicate significant ownership changes, which can lead to increased volatility and strategic shifts for the company.

Key Numbers

• 20241210 — Filing Date (Date of the Schedule 13D/A amendment)

Key Players & Entities

• Axonic Capital LLC (company) — Filing entity
• Power REIT (company) — Subject company
• Jess Saypoff (person) — Authorized contact for Axonic Capital LLC

FAQ

Key Financial Figures

• $0.001 — REIT (Name of Issuer) Common Shares, $0.001 par value per share (Title of Class o
• $2.1235 — Per Share 1 Quantity 12/06/24 Sale $2.1235 2 (81,421) 12/09/24 Sale $2.0020 3
• $2.0020 — $2.1235 2 (81,421) 12/09/24 Sale $2.0020 3 (102,276) 1 The Reporting Persons
• $1.93 — ple transactions at prices ranging from $1.93 to $2.25 per share. 3 The price repor
• $2.25 — actions at prices ranging from $1.93 to $2.25 per share. 3 The price reported is th
• $1.81 — ple transactions at prices ranging from $1.81 to $2.08 per share. Other than as dis
• $2.08 — actions at prices ranging from $1.81 to $2.08 per share. Other than as disclosed in

Filing Documents

• ea0224309-13da2axonic_power.htm (SC 13D/A) — 52KB
• 0001213900-24-107530.txt ( ) — 53KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

is hereby amended to reflect

Item 3 is hereby amended to reflect that the Reporting Persons do not own any Common Shares.

Purpose of Transaction

Item 4. Purpose of Transaction.

is hereby amended to reflect

Item 4 is hereby amended to reflect that the Reporting Persons do not own any Common Shares.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

(a) – (b) are hereby

Item 5 (a) – (b) are hereby amended and restated as follows: (a) – (b). The information required for each Reporting Person by Item 5 (a) – (b) is set forth in Rows 7 – 13 on pages 1 and 2 of this Schedule 13D and is incorporated herein by reference, respectively, for each Reporting Person. (c) The transactions in the Common Shares by each Reporting Person during the past sixty days are set forth in Schedule A and are incorporated herein by reference. (d) Not applicable. (e) As of the close of business on December 6, 2024, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Common Shares of the Issuer. 4

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 10, 2024 Axonic Capital LLC By: /s/ Clayton DeGiacinto Name: Clayton DeGiacinto Title: Authorized Signatory By: /s/ Clayton DeGiacinto Name: Clayton DeGiacinto In his capacity as managing member of Axonic Capital LLC 5 SCHEDULE A TRANSACTIONS IN THE ISSUER’S SECURITIES DURING THE LAST 60 DAYS Transaction Date Nature of Transaction Price Per Share 1 Quantity 12/06/24 Sale $2.1235 2 (81,421) 12/09/24 Sale $2.0020 3 (102,276) 1 The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the SEC staff, upon request, all information regarding the number of shares sold at each price within the ranges set forth in Footnotes 1 through 3 herein. 2 The price reported is the weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $1.93 to $2.25 per share. 3 The price reported is the weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $1.81 to $2.08 per share. Other than as disclosed in this Schedule A, there were no transactions in the Common Shares by the Reporting Persons during the past sixty days.

View Full Filing

View this SC 13D/A filing on SEC EDGAR