Presidio Property Trust, Inc. (SQFT): Nasdaq/NYSE listing notice — Presidio granted second 180-day period through June 3, 2024 to meet Nasdaq $1 bid price rule

Presidio Property Trust, Inc.

Nasdaq extended compliance period until June 3, 2024, from original December 4, 2023 deadline.
Company must close at or above $1.00 for ten consecutive trading days to regain compliance.
If not compliant by June 3, 2024, Nasdaq will delist common stock; Company may appeal.
Company intends to monitor bid price and consider options, including a reverse stock split.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

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

listing of the Company’s common stock, which will continue to be listed and traded on the Nasdaq Capital Market, subject to the Company’s compliance with the other listing requirements of the Nasdaq Capital Market. Although the Company will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other listing criteria of the Nasdaq Capital Market.

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Presidio Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-043875

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