Presidio Property Trust closes $1.74M public offering of Series D Preferred Stock

Presidio Property Trust, Inc.

Gross proceeds of ~$1.74M from 109,054 shares at $16.00/share; Series D preferred carries a 9.375% cumulative dividend.
Net proceeds to be used for general corporate and working capital purposes, including potential property acquisitions.
Underwriting discount of 7%; insider lock-up for 6 months and one-year ban on at-the-market offerings without consent.
Offering closed June 24, 2024; The Benchmark Company acted as sole bookrunner.
Articles Supplementary filed with Maryland designating 80,000 shares of Series D Preferred Stock.

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