Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 91

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 that would have required adjustment or disclosure in the financial statements other than those disclosed below.
    
   On  July 8, 2025, the Company declared a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of  July 2025,  August 2025 and  September 2025.  In accordance with the terms of the Series D Preferred Stock, the  July 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  August 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  July 31, 2025. The  August 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  September 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  August 31, 2025. The  September 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  October 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  September 30, 2025.
    
   On  July 14, 2025, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Purchaser”) for the purpose of raising approximately $2.05 million in gross proceeds for the Company. Pursuant to the terms of the Purchase Agreement, the Company agreed to sell in a registered direct offering (the “Offering”), (i) 140,000 shares (the “Public Shares”) of its Series A Common Stock  and (ii) pre-funded warrants to purchase up to 30,830 shares (the “Pre-Funded Warrant Shares”) of Series A Common Stock (the “Pre-Funded Warrants”). Each Public Share and accompanying Pre-Funded Warrant were sold together at a combined offering price of $12.00. The Pre-Funded Warrants were immediately exercisable at a nominal exercise price of $0.0001 and were exercised on  July 14, 2025 in full.
    
   The closing of the sales of the Securities pursuant to the Purchase Agreement occurred on  July 15,