secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001493152-24-024990
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224024990/0001493152-24-024990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224024990/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-024990

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