Tender Offer - Presidio Property Trust, Inc.
Form Type: SCHEDULE 13D/A
Filing Date: 2025-05-21
Corporate Action: Tender-offer
Type: Update
Accession Number: 000092189525001606
Filing Summary: The Schedule 13D/A report updates previous filings regarding the beneficial ownership of the Series A Common Stock of Presidio Property Trust, Inc. Mr. Bradley L. Radoff is identified as a Reporting Person and is shown to beneficially own 3,585 Shares, which constitute approximately 0.3% of the total Shares outstanding following a one-for-ten reverse stock split effective on May 19, 2025. The total number of outstanding Shares is reported as 1,201,081 post-split. The report states that the Shares were purchased with personal funds, and it includes details about the ownership of certain Warrants that allow Mr. Radoff to purchase the Shares at an exercise price of $70 per Share, set to expire on January 24, 2027. Notably, the document contains an amendment indicating that the Reporting Persons have ceased to own more than 5% of the outstanding Shares as of May 5, 2025. Additionally, Mr. Radoff mentions that he tendered Shares to the Issuer in a self-tender offer, aligning with corporate actions currently taking place at the company. The report also describes previous transactions undertaken by the Reporting Persons in the last 60 days.
Additional details:
Item 3 Description: The Shares beneficially owned by Mr. Radoff were purchased with personal funds, including margin loans in ordinary course.
Item 5 A Percentage: Approximately 0.3% of the Shares outstanding.
Item 5 C Transactions: Transactions in securities of the Issuer during the past 60 days are detailed in Exhibit 2.
Warrants: 3,585 Shares at an exercise price of $70 per Share, expiring on January 24, 2027.
Tender Offer Details: Shares tendered to the Issuer pursuant to a self-tender offer.
Form Type: 8-K
Filing Date: 2025-05-07
Corporate Action: Tender-offer
Type: New
Accession Number: 000164117225009069
Filing Summary: On April 8, 2025, Presidio Property Trust, Inc. announced a fixed price self-tender offer to purchase for cash all odd lots plus up to 2,000,000 shares of its Series A common stock at $0.68 per share. The offer expired on May 5, 2025, during which 2,144,116 shares were validly tendered and accepted for purchase, including 12,086 odd lot shares. The total cost for the accepted shares was $1,457,998.88. The communication outlines that the tender offer was not an offer to buy or a solicitation to sell, but intended to comply with SEC regulations. It also mentions forward-looking statements regarding the company's performance, risks, and uncertainties that may impact its future results.
Additional details:
Item Date: 2025-05-05
Tender Offer Price: 0.68
Shares Tendered: 2144116
Total Cost: 1457998.88
Odd Lot Shares: 12086
Form Type: SC TO-I/A
Filing Date: 2025-05-07
Corporate Action: Tender-offer
Type: Update
Accession Number: 000164117225009066
Filing Summary: This document is an amendment to the Tender Offer Statement filed by Presidio Property Trust, Inc. on April 8, 2025. The amendment reports the final results of the issuer tender offer for its Series A common stock, offering $0.68 per Share, with a focus on purchasing all odd lots plus up to 2,000,000 Shares, totaling 2,144,116 Shares tendered, representing 15.148% of the outstanding Shares as of March 31, 2025. The offer expired on May 5, 2025, and the aggregate purchase price amounted to $1,457,998.88. Shareholders will receive prompt payments based on the accepted Shares.
Additional details:
Tender Offer Price: 0.68
Total Shares Tendered: 2,144,116
Total Accepted Shares: 2,144,116
Odd Lot Shares: 12,086
Total Purchase Price: 1457998.88
Form Type: 8-K
Filing Date: 2025-04-08
Corporate Action: Tender-offer
Type: New
Accession Number: 000164117225003143
Filing Summary: On April 8, 2025, Presidio Property Trust, Inc. announced a fixed-price self-tender offer to purchase for cash up to 2,000,000 shares of its Series A Common Stock, along with all Shares properly tendered by Odd Lot Holders. The purchase price is set at $0.68 per share, net to the seller in cash. The Offer is set to expire on May 5, 2025, unless extended or withdrawn. The Company also plans to fund the Offer using cash reserves. Additionally, it may accept an increased number of shares up to 2% of its outstanding shares without amending the Offer. Stockholders must make their own decision about tendering shares, as the Company and its board have not made recommendations regarding the Offer. Furthermore, the Company is exploring a reverse stock split to comply with Nasdaq minimum bid price requirements, potentially implementing it before May 15, 2025, at a ratio around five-to-one to six-to-one.
Additional details:
Shares Tendered: up to 2,000,000
Purchase Price: 0.68
Offer Expiration: 2025-05-05
Odd Lot Condition: all or none
Stockholder Contact Email: [email protected]
Form Type: SC TO-I
Filing Date: 2025-04-08
Corporate Action: Tender-offer
Type: New
Accession Number: 000164117225003137
Filing Summary: Presidio Property Trust, Inc. is initiating a cash tender offer to purchase all odd lots and up to 2,000,000 shares of its Series A common stock at a price of $0.68 per share, net to sellers in cash, as part of its compliance with SEC regulations. The offer is subject to the company’s ability to increase the number of shares accepted for payment by an additional 2% of its outstanding shares. The offer is conducted under SEC Rule 13e-4, and the company provided necessary documents, including the Offer to Purchase and Letter of Transmittal, with the filing. The company's Series A common stock trades on NASDAQ under the symbol 'SQFTW.' The company confirms that none of its directors or executive officers intends to tender any shares in the offer. The offer details, terms, and effects are detailed in the referenced Offer to Purchase dated April 8, 2025.
Additional details:
Title Of Class Of Securities: Series A Common Stock
Cusip Number: 74102L303
Purchase Price Per Share: $0.68
Maximum Number Of Shares: 2,000,000 shares
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