Presidio Property Trust, Inc (SQFT) announced a securities purchase agreement with a single institutional investor for 170,830 shares of common stock at $12.00 per share, generating approximately $2.05 million in gross proceeds.
The closing of the offering by Presidio Property Trust, Inc (SQFT) is expected on or around July 15, 2025. The company plans to use the net proceeds for working capital and general corporate purposes.
Additionally, Presidio Property Trust, Inc (SQFT) has agreed to amend existing July 2021 warrants to purchase up to 200,000 shares of common stock, lowering the exercise price to $12.00 per share.
