Presidio Property Trust Enters Into A Securities Purchase Agreement For The Purchase And Sale Of 170,830 Shares Of Common Stock At A Purchase Price Of $12.00 Per Share, Pursuant To A Registered Direct Offering, Resulting In Gross Proceeds Of ~$2.05M

Author: Benzinga Newsdesk | July 14, 2025 02:06pm

SAN DIEGO, July 14, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:SQFT, SQFTP, SQFTW))) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 170,830 shares of common stock (and common stock equivalents) at a purchase price of $12.00 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $2.05 million, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about July 15, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

The Company also has agreed that the existing July 2021 warrants to purchase up to an aggregate of 200,000 shares of common stock will be amended such that the warrants will have a reduced exercise price of $12.00 per share (the "Warrant Amendment"). The warrants shall expire five years from the initial amendment date. The Warrant Amendment will become effective per the resale registration which is to be filed by the Company within 30 days.

Posted In: SQFT