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Presidio Property Trust Announces Registered Direct Offering and Reduction of Warrant Exercise Price

Strategic Insights

— 1 min read

Presidio Property Trust, Inc. ("Presidio" or the "Company") has entered into a securities purchase agreement for the purchase and sale of 170,830 shares of common stock. The offering is expected to close on or about July 15, 2025, subject to customary closing conditions, and will result in gross proceeds of approximately $2.05 million before deducting placement agent commissions and other offering expenses. The Company plans to use the net proceeds from the offering for working capital and general corporate purposes.

Key Takeaways:

  • Presidio Property Trust has entered into a securities purchase agreement for the purchase and sale of 170,830 shares of common stock at a price of $12.00 per share.
  • The offering is expected to close on or about July 15, 2025, subject to customary closing conditions.
  • The transaction will result in gross proceeds of approximately $2.05 million before deducting placement agent commissions and other offering expenses.
  • The Company will use the net proceeds from the offering for working capital and general corporate purposes.
  • Presidio has agreed to amend existing July 2021 warrants to purchase up to 200,000 shares of common stock, reducing the exercise price to $12.00 per share.
  • A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
  • The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-278960), declared effective by the Securities and Exchange Commission on May 17, 2024.
  • The Company has a diversified real estate portfolio with holdings in model home properties, office, industrial, and retail properties.

Statistics:

  • 170,830 shares of common stock will be sold as part of the registered direct offering.
  • The gross proceeds from the offering are approximately $2.05 million, before deducting placement agent commissions and other offering expenses.
  • The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
  • The amended July 2021 warrants will allow the holder to purchase up to 200,000 shares of common stock at an exercise price of $12.00 per share.

Sources:

  • Globe Newswire, July 14, 2025: "Presidio Property Trust, Inc. Announces Registered Direct Offering and Reduction of Warrant Exercise Price"

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