other material
confidence high
sentiment neutral
materiality 0.40
Presidio exchange offer draws 15.4% of Series D preferred; 823,753 common shares to be issued
Presidio Property Trust, Inc.
- 149,773 Series D preferred shares, about 15.4% of the class, were validly tendered and accepted; holders receive 5.5 Series A common shares per preferred share.
- Aggregate of approximately 823,753 new common shares to be issued; settlement expected on or about October 6, 2026, with no fractional shares (rounded up at participant level).
- 973,736 Series D preferred shares were outstanding as of October 2, 2026; roughly 823,963 shares will remain outstanding after settlement.
- Exchange Offer was not contingent on a minimum number of shares tendered or on financing; certain directors and executive officers tendered on the same terms as other holders.
- Broadridge Corporate Issuer Solutions, LLC served as information agent and exchange agent; Series D (SQFTP) and common (SQFT) trade on the Nasdaq Capital Market.