Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement
Compliance with Nasdaq Requirements: Presidio Property Trust has regained compliance with Nasdaq's minimum bid price requirement, maintaining a closing bid price of $1.00 or more for 10 consecutive business days as of June 2, 2025.
Company Overview: Presidio is a diversified real estate investment trust (REIT) focused on model home properties leased to homebuilders, along with office, industrial, and retail properties primarily located in the sun belt states and Colorado.
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Presidio Property Trust Reveals Mortgage Refinance for Commercial Property
Refinancing Announcement: Presidio Property Trust refinanced the mortgage loan on its One Park Center property in Westminster, Colorado, securing a $6.1 million loan with a five-year term and a 6.83% interest rate, including interest-only payments for the first six months.
Company Overview: Presidio is a diversified, internally managed REIT with properties primarily in the sun belt states, including model homes leased to homebuilders, as well as office, industrial, and retail properties mainly located in Colorado and other states.
Presidio Property Trust Announces Pricing of a Registered Direct Offering of Common Stock
Securities Purchase Agreement: Presidio Property Trust has entered into a securities purchase agreement with an institutional investor to sell 170,830 shares of common stock at $12.00 per share, generating approximately $2.05 million in gross proceeds for working capital and corporate purposes.
Warrant Amendment: The company will amend existing warrants to reduce the exercise price to $12.00 per share, expiring five years from the amendment date, with a resale registration to be filed within 30 days.