Tender Offer - Presidio Property Trust, Inc.

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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 The Offer is set to expire on May 5, 2025, unless extended or withdrawn.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.

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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.

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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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