Company: SQFTP
Filing Date: 2025-07-15
Form Type: 8-K
Source: 0001641172-25-019649
Chunk: 1

Company: Presidio Property Trust, Inc.
Filing Date: 2025-07-15
Form: 8-K
Item: Item 1.01
Chunk 1
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 use the net proceeds from the Offering for working capital and for other general
corporate purposes including to potentially acquire additional properties.

In
addition, in connection with the Purchase Agreement, the Company and the Purchaser entered into an Amendment to Series A Common Stock
Purchase Warrants (the “ Amendment”). The Amendment amends certain warrants to purchase 200,000 shares of Series A Common
Stock purchased by the Purchaser on July 14, 2021 (the “2021 Warrants”) to (i) reduce the exercise price to $12.00
per share from $55 per share and (ii) extend the termination date to July 16, 2030 from July 16, 2026. Pursuant to the Stock Purchase
Agreement, the Company agreed to file a resale registration statement to register the shares of Series A Common Stock underlying the
2021 Warrants within 30 days of the closing of the offering and to cause the registration statement to go effective within 60 days of
the closing.

Pursuant
to the terms of the Purchase Agreement and subject to certain exceptions as set forth in the Purchase Agreement, for a period of 15 days
after the closing of the offering, the Company may not, without the prior written consent of the Placement Agent and the Purchaser and
subject to certain exceptions, (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any Series
A Common Stock or common stock equivalent or (ii) file any registration statement or any amendment or supplement thereto. In addition,
pursuant to the terms of the Purchase Agreement, for a period of 60 days after the closing of the offering, the Company shall be prohibited
from effecting or entering into an agreement to effect any variable rate transaction, with the exceptions that (i) the Company may
enter into an at the market sales facility with the Placement Agent; (ii) file a registration statement with respect to an at the market
sales facility with the Placement Agent; and (iii) beginning 30 days after closing, may make sales pursuant to an at the market sales
facility with the Placement Agent.

The
Public Shares, the Pre-Funded Warrants and the Pre-Funded Warrant Shares were offered and sold by the Company pursuant to an effective
registration statement on Form S-3 (File No. 333-278960), as well as a prospectus supplement in connection the Offering to be filed with
the Securities and Exchange Commission.