Company: SQFTP
Filing Date: 2025-07-15
Form Type: 8-K
Source: 0001641172-25-019649
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Company: Presidio Property Trust, Inc.
Filing Date: 2025-07-15
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

On
July 14, 2025 (the “ Effective Date”), Presidio Property Trust, Inc., a Maryland corporation (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, par value $0.01 per share (the “ 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 are being sold together at a combined offering price of $12.00.
The Pre-Funded Warrants will be immediately exercisable at a nominal exercise price of $0.0001 and may be exercised at any time, subject
to certain conditions therein, until all of the Pre-Funded Warrants are exercised in full.

The
closing of the sales of the Securities pursuant to the Purchase Agreement is expected to occur on or about July 15, 2025, subject to customary
closing conditions.

A. G. P./Alliance
Global Partners (the “ Placement Agent”) is acting as the exclusive placement agent for the Company, on a “reasonable
best efforts” basis, in connection with the Offering.

Pursuant
to that certain Placement Agency Agreement, dated as of the Effective Date, by and between the Company and the Placement Agent (the “ Placement
Agency Agreement”), the Placement Agent will be entitled to (i) a cash fee equal to 7.0% of the gross proceeds from the placement
of the Securities sold by the Placement Agent; (ii) accountable legal fees and other reasonable and documented out-of-pocket expenses
incurred by the Placement Agent in connection with the transaction in the amount of up to $75,000; and (iii) non-accountable expenses
of $25,000.

The
net proceeds to the Company after deducting the Placement Agent’s fees and the Company’s estimated offering expenses are expected
to be approximately $1.7 million. The Company intends to