Company: SQFTP
Filing Date: 2025-10-28
Form Type: DRS
Source: 0001493152-25-019889
Chunk: 52

Company: Presidio Property Trust, Inc.
Filing Date: 2025-10-28
Form: DRS
Chunk 52
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 to the extent that the holder would beneficially or constructively own either a total number of shares of (i) Series A Common Stock in excess of the Common Stock Ownership Limit (as defined and determined in accordance with our charter) or (ii) Capital Stock (as defined in our charter) in excess of the Aggregate Stock Ownership Limit (as defined and determined in accordance with our charter), or otherwise cause the Company to fail to qualify as a REIT (as defined in our charter), unless the Company’s Board of Directors has, in its sole discretion, granted the holder a waiver from the stock ownership limitations set forth in our charter. For more information, please see “Description of Capital Stock – Restrictions on Ownership and Transfer” in this prospectus. No fractional shares of Series A Common Stock will be issued in connection with the exercise of a Warrant. In lieu of fractional shares, we will pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the exercise price of the Warrants or round up to the next whole share.

If on the termination date of a Warrant, such Warrant has not been fully exercised, the holder shall be issued Termination Shares in an amount equal to one-tenth (1/10 th) of the Warrant Shares underlying such Warrant, with any fractional shares rounded down to the nearest whole share. The number of Termination Shares shall be adjusted proportionately following a number of corporate events, including if the Company (i) pays a stock dividend or otherwise makes a distribution or distributions on shares of its Series A Common Stock or any other equity or equity equivalent securities payable in shares of Series A Common Stock (which, for avoidance of doubt, shall not include any warrants or shares of Series A Common Stock issued by the Company upon exercise of the warrants), (ii) subdivides outstanding shares of Series A Common Stock into a larger number of shares, (iii) combines (including by way of reverse stock split) outstanding shares of Series A Common Stock into a smaller number of shares, or (iv) issues by reclassification of shares of the Series A Common Stock any shares of capital stock of the Company.

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Exercise Price

The Warrants have a current exercise price of $70.00 per share (after giving effect for the Reverse Split). The Warrants provide for adjustments to the exercise price of the Warrants following a number of corporate events, including if the Company: (i) pays a stock dividend or otherwise makes a distribution or distributions on shares