SQFT Overview

Bullish Earnings Report: Bullish (BLSH) shares surged 12.3% in pre-market trading after reporting a profit of 93 cents per share for Q2, a significant improvement from a loss of $1.03 per share a year ago, with revenues rising to $58.63 million.

Notable Gainers: 89bio, Inc. (ETNB) saw an 82.9% increase due to an acquisition by Roche, while other stocks like Psyence Biomedical Ltd (PBM) and Aptevo Therapeutics Inc (APVO) also experienced significant gains in pre-market trading.

Major Losers: Wheeler Real Estate Investment Trust, Inc. (WHLR) dropped 23.1% following a reverse stock split announcement, and other companies like Office Properties Income Trust (OPI) and Educational Development Corporation (EDUC) also faced declines in pre-market trading.

Market Overview: The pre-market trading session showed a mix of sharp gains and losses among various stocks, reflecting a volatile market environment influenced by earnings reports and corporate announcements.

New Fortress Energy Agreement: New Fortress Energy Inc. shares surged 41% in pre-market trading after announcing a long-term liquefied natural gas supply agreement with the Puerto Rican government.

Pre-Market Stock Movements: Several stocks experienced significant pre-market trading changes, with SciSparc Ltd. gaining 186.2% and Co-Diagnostics, Inc. dropping 29.2% following recent developments.

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.

U.S. Stock Market Update: U.S. stock futures rose, particularly the Nasdaq which gained around 100 points, while Simulations Plus, Inc. saw a significant drop of 6.3% in pre-market trading after disappointing quarterly sales and a lowered EPS guidance for FY2025.

Other Stocks Performance: Several other stocks experienced declines in pre-market trading, including Presidio Property Trust (-29.9%), MiNK Therapeutics (-27.5%), and Organogenesis Holdings (-26.7%), following downgrades and negative earnings reports.

The Trade Desk's S&P 500 Inclusion: Shares of The Trade Desk, Inc. surged 14.8% in pre-market trading after it was announced that the company will replace ANSYS Inc. in the S&P 500 index effective July 18.

Pre-Market Stock Movements: Various stocks experienced significant changes in pre-market trading, with notable gainers including SMX (up 122%) and Longevity Health Holdings (up 101.5%), while LQR House saw a decline of 35%.

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.