Presidio Property Trust, Inc. (SQFT): Nasdaq/NYSE listing notice — Presidio Property Trust receives Nasdaq bid price deficiency notice, 180-day cure period

Presidio Property Trust, Inc.

Nasdaq notice on June 6, 2023: closing bid price below $1.00/share for 30 consecutive days (Apr 21 – Jun 5, 2023).
Compliance period of 180 calendar days, until December 4, 2023, to regain bid price of $1.00 for 10 consecutive business days.
If not compliant by Dec 4, Company may qualify for an additional 180-day period if it meets other listing standards.
Common stock (SQFT) continues trading on Nasdaq Capital Market during cure period; delisting risk remains.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Presidio Property Trust, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

June 6, 2023, Presidio Property Trust, Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between April 21, 2023, through June 5, 2023, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar d

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-020720

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