Company: SQFTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001437749-25-034461
Chunk: 70

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 of our Series A Common Stock and up to $4.0 million of our Series D Preferred Stock, which shall expire in  December 2025. During the nine months ended  September 30, 2025, we repurchased 16,080 shares of our Series A Common Stock, with an average price of $4.79 per share, including a commission of $0.025 per share, for a total cost of $77,092 for the Series A Common Stock.  This does not include the Tender Offer shares repurchased during  April 2025 as noted below. During the nine months ended  September 30, 2025, the Company repurchased 22,259 shares of our Series D Preferred Stock at an average price of approximately $14.73 per share, including a commission of $0.035 per share, for a total cost of $327,787 for the Series D Preferred Stock. Any repurchased shares are treated as authorized and unissued in accordance with Maryland law and shown as a reduction of stockholders’ equity at cost.
    
   Tender Offer. 

      On
      April 8, 2025, we commenced the Offer, a fixed price self-tender offer to purchase for cash all odd lots plus up to
     200,000 shares of the Company’s Series A common stock, par value
     $0.01 per share, properly tendered and
     not properly withdrawn prior to the expiration date, subject to the Company’s ability to increase the number of shares accepted for payment in the Offer by up to
     2% of the Company’s outstanding common stock (resulting in an increase of up to approximately
     28,308 shares) without amending or extending the Offer in accordance with rules promulgated by the SEC, at
     $6.80 per share, net to the seller in cash, less any applicable withholding taxes and without interest.  The Offer expired at
     11:59 P.M., New York City time, on
      May 5, 2025. Based on the final count by the depositary for the Offer,
     214,412 shares of Class A common stock were validly and successfully tendered and
     not properly withdrawn, including tenders of shares for which the tender was defective but for which the Company waived such defects. Pursuant to the terms of the Offer, the Company accepted for purchase
     214