Company: SQFTP
Filing Date: 2025-10-14
Form Type: 424B5
Source: 0001493152-25-018010
Chunk: 93

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-14
Form: 424B5
Chunk 93
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If voting rights are not approved at the meeting or if the acquirer does not deliver an acquiring person statement as required by the statute, then the corporation may, subject to certain limitations and conditions, redeem for fair value any or all of the control shares, except those for which voting rights have previously been approved. Fair value is determined, without regard to the absence of voting rights for the control shares, as of the date of the last control share acquisition by the acquirer or, if a meeting of stockholders is held at which the voting rights of the shares are considered and not approved, as of the date of the meeting. If voting rights for control shares are approved at a stockholders meeting and the acquirer becomes entitled to exercise or direct the exercise of a majority of the voting power, all other stockholders may exercise appraisal rights. The fair value of the shares as determined for purposes of appraisal rights may not be less than the highest price per share paid by the acquirer in the control share acquisition.

The control share acquisition statute does not apply (a) to shares acquired in a merger, consolidation or share exchange if the corporation is a party to the transaction or (b) to acquisitions approved or exempted by the charter or bylaws of the corporation.

Our bylaws contain a provision exempting from the control share acquisition statute any acquisition by any person of shares of our stock.

Subtitle 8

Subtitle 8 of Title 3 of the MGCL permits a Maryland corporation with a class of equity securities registered under the Exchange Act and at least three independent directors to elect, by provision in its charter or bylaws or a resolution of its Board of Directors and notwithstanding any contrary provision in the charter or bylaws, to be subject to any or all of five provisions, including:

| ● | a                                                                                                
 classified Board of Directors;                                                                   |
| ● | a                                                                                                
 two-thirds vote requirement for removing a director;                                             |
| ● | a                                                                                                
 requirement that the number of directors be fixed only by vote of the Board of Directors;        |
| ● | a                                                                                                
 requirement that a vacancy on the Board of Directors be filled only by a vote of the remaining   
 directors in office and for the remainder of the full term of the class of directors in which    
 the vacancy occurred and until a successor is elected and qualifies; and                         |
| ● | a                                                                                                
 majority requirement for the calling of a stockholder-requested special meeting of stockholders. |

In accordance with Maryland law, the Company filed Articles Supplementary effecting the Company’s