Company: SQFTP
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001493152-25-028343
Chunk: 45

Company: Presidio Property Trust, Inc.
Filing Date: 2025-12-18
Form: 424B3
Chunk 45
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 collectively, as the “ownership limit.”

The constructive ownership rules under the Code are complex and may cause stock owned actually or constructively by a group of related individuals and/or entities to be owned constructively by one individual or entity. As a result, the acquisition of less than 9.8% of our aggregate outstanding shares of common stock or 9.8% of our aggregate outstanding shares of stock, or the acquisition of an interest in an entity that owns our stock, could, nevertheless, cause the acquirer or another individual or entity to own our stock in excess of the ownership limit.

Our Board of Directors may, upon receipt of such representations and undertakings reasonably necessary to make such a determination, and in its sole discretion, prospectively or retroactively, establish a different limit on ownership, or an excepted holder limit, for a particular stockholder if the stockholder’s ownership in excess of the ownership limit would not result in our being “closely held” under Section 856(h) of the Code (without regard to whether the ownership interest is held during the last half of a taxable year) or otherwise failing to qualify as a REIT. As a condition of granting a waiver of the ownership limit or creating an excepted holder limit, our Board of Directors may, but is not required to, require an opinion of counsel or a ruling from the IRS, in either case in form and substance satisfactory to our Board of Directors in its sole discretion, as it may deem necessary or advisable to determine or ensure our status as a REIT and may impose such other conditions or restrictions as it deems appropriate.

| 32 |

Our Board of Directors may increase the ownership limit from time to time.

Our charter also prohibits:

| ● | any                                                                                                                                       
 person from beneficially or constructively owning shares of our stock that would result in our being “closely held” under                 
 Section 856(h) of the Code (without regard to whether the ownership interest is held during the last half of a taxable year) or otherwise 
 cause us to fail to qualify as a REIT; and                                                                                                |

| ● | subject                                                                                                                                  
 to certain exceptions relating to transactions through the facilities of the NYSE or any other national securities exchange or automated 
 inter-dealer quotation system, any person from transferring shares of our stock if the transfer would result in shares of our stock      
 being beneficially owned by fewer than 100 persons.                                                                                      |

Any person who acquires or attempts or intends to acquire beneficial or constructive ownership of shares