SAN DIEGO, May 14, 2025 (WORLD NEWSWIRE)– SQFT SQFTP, SQFTW)) Presidio Residential Or Commercial Property Trust, Inc. (” Presidio” or the “Business”), an internally handled, diversified property financial investment trust, revealed today that it will continue with a 1-for-10 reverse stock split (” Reverse Stock Split”) of its exceptional shares of Series A Common Stock following approval by its Board of Directors pursuant to the Maryland General Corporation Law and no investor approval is needed.
Presidio anticipates the Business’s Series A Common Stock will start trading on a post-split basis at the marketplace open on May 19, 2025, and continue to be traded under the sign “SQFT” with a brand-new CUSIP number 74102L501. The main goal of the Reverse Stock Split is to increase the per share market value of the Series A Common Stock to gain back compliance with the minimum quote rate requirement for ongoing listing on the Nasdaq Capital Market and keep the listing of its typical stock on the Nasdaq Capital Market.
When the Reverse Stock Split works, every 10 shares of Presidio Series A Common Stock provided and exceptional will be integrated immediately into 1 share of Series A Common Stock. The Reverse Stock Split will use similarly to all exceptional shares of Series A Common Stock and each investor will hold the exact same portion of Series A Common Stock exceptional right away following the Reverse Stock Split, other than for modifications that might arise from the treatment of fractional shares. No fractional shares will be provided in connection with the Reverse Stock Split. In lieu thereof, if, upon aggregating all of the shares of Series A Common Stock held by a record holder of Series A Common Stock right away following the Reverse Stock Split such holder would otherwise be entitled to a fractional share of Series A Common Stock, as an outcome of the Reverse Stock Split, the Business will provide to such holder an extra portion of a share of Series A Common Stock as is required to round the variety of shares of Series A Common Stock, held by such holder approximately the nearby entire share. The Business does not plan to assemble fractional shares at the helpful level and will rather round any such fractional shares up at the individual level. All equity awards and warrants exceptional right away prior to the Reverse Stock Split will be proportionately gotten used to show the Reverse Stock Split.
Direct Transfer LLC is serving as the exchange representative and transfer representative for the Reverse Stock Split. Investors holding their shares digitally in book-entry kind are not needed to take any action to get post-split shares. The Business does not have any exceptional certificated shares.
About Presidio Residential Or Commercial Property Trust
Presidio is an internally handled property financial investment trust with holdings in design home residential or commercial properties, which are triple net rented to homebuilders, and workplace, commercial, and retail homes. Presidio’s design homes are rented to homebuilders mainly in the sunbelt. Presidio’s workplace, commercial, and retail homes lie mainly in Colorado, with homes likewise found in Maryland, North Dakota, Texas, and Southern California. For more details on Presidio, please see Presidio’s site at https://www.PresidioPT.com.
Cautionary Note Relating To Forward-Looking Statements
This news release consists of declarations that are “positive declarations” within the significance of the Personal Securities Lawsuits Reform Act of 1995, Area 27A of the Securities Act of 1933, as changed, and Area 21E of the Securities Exchange Act of 1934, as changed, and other federal securities laws. Positive declarations are declarations that are not historic, consisting of declarations concerning management’s intents, beliefs, expectations, representations, strategies or forecasts of the future, and are usually recognized by such words as “think,” “anticipate,” “prepare for,” “plan,” “quote,” “may,” “will,” “ought to” and “could.” Since such declarations consist of threats, unpredictabilities and contingencies, real outcomes might vary materially from those revealed or suggested by such positive declarations. These positive declarations are based upon the Business’s present expectations, however these declarations are not ensured to take place. Other than as needed by law, the Business disclaims any commitment to openly upgrade or modify any positive declaration to show modifications in underlying presumptions or aspects, of brand-new info, information or techniques, future occasions or other modifications. Financiers ought to not put excessive dependence upon positive declarations. For more conversation of the aspects that might impact results please describe the Business’s filings with the SEC, consisting of those under “Threat Elements” therein, copies of which are offered on the SEC’s site, www.sec.gov
Financier Relations Contact:
Presidio Residential Or Commercial Property Trust, Inc.
Lowell Hartkorn, Financier Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244
This news release was released by a CLEAR ® Confirmed person.