STOCK TITAN

Power REIT: ~12% preferred votes may be shared on limited matters

The reported voting power concerns Series A preferred stock; separately listed common shares are a different security and are not covered.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Power REIT’s Series A preferred-stock ownership disclosure states that Bradley & Daytona Railway and Land Co. LLC, Alexander Kachmar, the D & C Cacciapaglia Living Trust, the David Cacciapaglia Family Trust, and David Cacciapaglia may be deemed to share voting power over 40,595 shares, approximately 12.0% of the class. The percentage uses 336,944 shares outstanding as of June 30, 2026. The stated beneficial ownership relates solely to voting rights concerning the Series A preferred stock and matters arising under Section 8 of the Articles Supplementary; shared voting power is limited to matters described in Amendment No. 4. Bradley & Daytona and Alexander Kachmar directly beneficially own 28,692 preferred shares. The two trusts together beneficially own 11,903 preferred shares, which David Cacciapaglia indirectly beneficially owns through them. Each reporting person retains sole dispositive power over shares beneficially owned by that person. The disclosure separately lists 7,298 common shares held by Bradley & Daytona and Alexander Kachmar, and 8,000 common shares held by the D & C trust; common stock is not the subject of this disclosure.

Filing Explained

This amendment adds the filers’ claim that Power REIT, its CEO, corporate secretary and board have not called a contractually required meeting to elect nominees Alexander Kachmar and David Cacciapaglia, whose election rights they say vested after dividend arrearages; the process remains at the meeting-call stage.

Shares with shared voting power 40,595 shares Power REIT Series A preferred stock
Share of class Approximately 12.0% Based on 336,944 shares outstanding as of June 30, 2026
Shares outstanding 336,944 shares Series A preferred stock, as of June 30, 2026
Direct beneficial ownership 28,692 shares Series A preferred stock held by Bradley & Daytona Railway and Land Co. LLC and Alexander Kachmar
Trust beneficial ownership 11,903 shares Series A preferred stock beneficially owned together by the D & C Cacciapaglia Living Trust and David Cacciapaglia Family Trust
Common shares 7,298 shares Beneficially owned by Bradley & Daytona Railway and Land Co. LLC and Alexander Kachmar; separate security
Common shares 8,000 shares Beneficially owned by the D & C Cacciapaglia Living Trust; separate security
Liquidation Preference financial
"Liquidation Preference $25 per Share"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
beneficially own regulatory
"may be deemed to beneficially own an aggregate of 40,595 shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole dispositive power regulatory
"Each Reporting Person retains sole dispositive power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
shared voting power regulatory
"share voting power with respect to the aggregate 40,595 shares"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Articles Supplementary regulatory
"matters arising under Section 8 of the Articles Supplementary"
Additional provisions added to a company’s formal rulebook that change or expand how the company is governed, how shares behave, or how decisions are made. Think of them as extra house rules that can alter voting power, dividend rights, or how shares are issued and transferred; investors care because these changes can affect ownership control, potential returns, and the value or liquidity of their holdings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Power REIT preferred shares are covered by shared voting power?

The reporting persons may be deemed to share voting power over 40,595 Series A preferred shares, approximately 12.0% of the class. The percentage is based on 336,944 shares outstanding as of June 30, 2026.

What voting and disposition powers do Power REIT reporting persons have?

The reporting persons may be deemed to share voting power over 40,595 shares only with respect to matters described in Amendment No. 4. Each reporting person retains sole dispositive power over the shares that person beneficially owns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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73933H200

(CUSIP Number)
Alexander Kachmar, Bradley &
Daytona Railway and Land Co. LLC, 5753 Highway 85 N Suite 5974
Crestview, FL, 32536
973-979-1329

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/07/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Bradley & Daytona Railway and Land Co. LLC
Signature:/s/ Alexander Kachmar
Name/Title:Managing Member of Bradley & Daytona Railway and Land Co. LLC
Date:10/07/2026
Alexander Kachmar
Signature:/s/ Alexander Kachmar
Name/Title:Alexander Kachmar
Date:10/07/2026
D & C Cacciapaglia Living Trust, U/A DTD 02/01/2013
Signature:/s/ David Cacciapaglia
Name/Title:David Cacciapaglia, Trustee
Date:10/07/2026
David Cacciapaglia Family Trust, U/A DTD 11/25/2020
Signature:/s/ David Cacciapaglia
Name/Title:David Cacciapaglia, Trustee
Date:10/07/2026
David Cacciapaglia
Signature:/s/ David Cacciapaglia
Name/Title:David Cacciapaglia
Date:10/07/2026

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