Brief: Power REIT Says Unaudited Consolidated Balance Sheets In Quarterly Report On Form 10-Q For Quarter Ended June 30, 2024 Should Be Restated

Power REIT

24/09/2024 22:54

Sept 24 (Reuters) - Power REIT  PW.A :
    * POWER REIT - DETERMINED UNAUDITED CONSOLIDATED BALANCE
SHEETS IN
QUARTERLY REPORT ON FORM 10-Q FOR QUARTER ENDED JUNE 30, 2024
SHOULD BE RESTATED
    * POWER REIT - ERROR IN UNAUDITED BALANCE SHEET WILL BE
CORRECTED
IN RESTATED FINANCIAL STATEMENTS BY FILING AN AMENDED QUARTERLY
REPORT ON FORM 10-Q
    * POWER REIT - FORM 10-Q-A DISCLOSES THAT TRUST DID NOT HAVE
EFFECTIVE INTERNAL CONTROLS OVER FINANCIAL REPORTING AS OF JUNE
30, 2024
    * POWER REIT - HAVE MATERIAL WEAKNESS IN TRUST'S DESIGN,
OPERATION
OF EFFECTIVE INTERNAL CONTROLS OVER ACCOUNTING FOR TREATMENT OF
COMPLEX TRANSACTIONS

Source text for Eikon:  ID:n0001493152-24-037985 
Further company coverage:  PW.A 

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