---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043875"
form_type: "8-K"
ticker: "SQFT"
cik: "0001080657"
company_name: "Presidio Property Trust, Inc."
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:46:48.824920+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Presidio granted second 180-day period through June 3, 2024 to meet Nasdaq $1 bid price rule

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-043875
- form_type: 8-K
- ticker: SQFT
- cik: 0001080657
- company_name: Presidio Property Trust, Inc.
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080657/000149315223043875/0001493152-23-043875-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080657/000149315223043875/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043875
- JSON: https://secwatch.observer/filing/0001493152-23-043875.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043875.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080657/000149315223043875/0001493152-23-043875-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.