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Presidio Property Trust, Inc. Announces Final Results of Its Self Tender Offer for Shares of Class A Common Stock
SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed,
About this update from Presidio Property Trust, Inc.
[{"type":"text","content":"SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: SQFT; SQFTP; SQFTW) Presidio Property Trust, Inc. (“Presidio” or the “Company”), an internally managed, diversified real estate investment trust, announced today the final results of its tender offer (the “Offer”) to purchase all odd lots plus up to 2,000,000 shares of its outstanding Series A Common Stock, par value $0.01 per share (the “Shares”) properly tendered and not properly withdrawn prior to the expiration date, subject to the Company’s ability to increase the number of Shares accepted for payment in the offer by up to 2% of the Company’s outstanding Shares (resulting in an increase of up to approximately 283,080 shares) without amending or extending the offer in accordance with rules promulgated by the Securities and Exchange Commission, at a price of $0.68 per share (the “Purchase Price”), less any applicable withholding taxes, and without interest. The Offer expired at 11:59 P.M., New York City time, on May 5, 2025. Based on the final count by the depositary for the tender offer, 2,144,116 shares of Series A common stock were validly and successfully tendered and not properly withdrawn, including tenders with certain defects which defects the Company has waived. Pursuant to the terms of the tender offer, the Company has accepted for purchase 2,144,116 shares of its Series A common stock, including 12,086 odd lot shares, for a total cost of $1,457,998.88, excluding fees and expenses related to the tender offer. The depositary will promptly pay to the tendering shareholders a total of approximately $1,457,998.88, which represents the aggregate purchase price of the total amount of Shares tendered by shareholders and accepted by the Company upon the terms and subject to the conditions of the Offer. Stockholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, Broadridge N.A., at 1-855-793-5068 (toll free) or by email at [email protected]. About Presidio Property Trust Presidio is an internally managed real estate investment trust with holdings in model home properties, which are triple net leased to homebuilders, and office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located in Arizona, Texas, and Florida. Presidio’s office, industri...