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

Company: Presidio Property Trust, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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 such as the property, the term of the lease, the type of lease, the involvement of external leasing agents and overall market conditions.

Financing Activities: Net cash used in financing activities during the nine months ended September 30, 2025, was $11.1 million compared to $9.3 million provided by financing activities for the same period in 2024 and was primarily due to the following activities for the nine months ended September 30, 2025:

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     Proceeds from mortgage notes payable, net of issuance costs totaled approximately $18.9 million, and payment of debt issuance costs totaled approximately $0.3 million.

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     Proceeds from the sale of Series A Common Stock, totaled approximately $1.7 million, net of offering costs.

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     Proceeds used for the repurchase of Series A Common Stock, totaled approximately $1.6 million, including stock repurchased in the Offer.

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     Proceeds used for the repurchase of Series D Preferred Stock, totaled approximately $0.3 million.

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     Repayment of mortgage notes payable totaled approximately $27.1 million for the nine months ended September 30, 2025.

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     Distributions to noncontrolling interest of approximately $0.5 million for the nine months ended September 30, 2025.

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     Dividends paid to Series D Preferred Stockholders of approximately $1.7 million for the nine months ended September 30, 2025.

Off-Balance Sheet Arrangements

On July 12, 2021, the Company entered into a securities purchase agreement with a single U.S. institutional investor for the purchase and sale of 100,000 shares of its Series A Common Stock, Common Stock Warrants to purchase up to 200,000 shares of Series A Common Stock and Pre-Funded Warrants to purchase up to 200,000 shares of Series A Common Stock. Each share of Common Stock and accompanying Common Stock Warrants were sold together at a combined offering price of $50.00, and each share of Common Stock and accompanying Pre-Funded Warrant were sold together at a combined offering price of $49.90. The Pre-Funded Warrants were exercised in full during August 2021 at a nominal exercise price of $0.10 per share. The Common Stock Warrants had an exercise price of $55.00 per