Company: SQFTP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026786
Chunk: 173

Company: Presidio Property Trust, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 173
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 financial statements other than those disclosed below.
    
   On  July 8, 2025, the Company declared a dividend on its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) for the months of  July 2025,  August 2025 and  September 2025.  In accordance with the terms of the Series D Preferred Stock, the  July 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  August 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  July 31, 2025. The  August 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  September 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  August 31, 2025. The  September 2025 Series D dividend will be payable in cash in the amount of $0.19531 per share on  October 15, 2025, to stockholders of record of Series D Preferred Stock as of the dividend record date of  September 30, 2025.
    
   On  July 14, 2025, 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  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 were sold together at a combined offering price of $12.00. The Pre-Funded Warrants were immediately exercisable at a nominal exercise price of $0.0001 and were exercised on  July 14, 2025 in full.
    
   The closing of the sales of the Securities pursuant to the Purchase Agreement occurred on  July 15, 2025, subject to customary closing conditions