secwatch.observer — SEC 8-K summary
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Issuer:     Presidio Property Trust, Inc. (SQFT)
CIK:        0001080657
Form:       8-K
Filed at:   2024-12-06T23:59:59+00:00
Accession:  0001493152-24-049092
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Presidio Property Trust gets second 180-day Nasdaq extension to June 2, 2025 to meet $1 bid price
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- Nasdaq granted additional 180-day period until June 2, 2025, to regain compliance with $1 minimum bid price rule.
- Common stock (SQFT) continues to trade on Nasdaq Capital Market during the extension period.
- If bid price closes at $1 or above for 10 consecutive trading days, Nasdaq will confirm compliance.
- If compliance not achieved by June 2, 2025, stock may be delisted; company may appeal.
- Company intends to consider options including a reverse stock split to cure the deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224049092/0001493152-24-049092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1080657/000149315224049092/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-049092

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