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Presidio Property Trust Raises $2.05M in Registered Direct Offering, Amends Warrants
ByAinvest
Monday, Jul 14, 2025 2:04 pm ET1min read
Presidio Property Trust has priced a registered direct offering of common stock, raising $2.05 million at $12.00 per share. The company intends to use the proceeds for working capital and general corporate purposes. The offering is expected to close on July 15, 2025. A.G.P./Alliance Global Partners is acting as the sole placement agent.
Presidio Property Trust, Inc. (NASDAQ: SQFT) has priced a registered direct offering of 170,830 shares of common stock, raising approximately $2.05 million at $12.00 per share. The offering is expected to close on July 15, 2025. A.G.P./Alliance Global Partners is serving as the sole placement agent for the transaction. The proceeds from this offering will be used for working capital and general corporate purposes.The offering represents a modest capital infusion for a REIT with diverse real estate holdings. The transaction price of $12.00 per share is a premium compared to current trading levels, which is unusual for equity raises that typically come at a discount. This suggests that Presidio may be addressing short-term liquidity needs rather than pursuing significant expansion opportunities.
In addition to the share issuance, Presidio is also amending existing warrants from July 2021 to purchase up to 200,000 shares, reducing their exercise price to $12.00 per share with a five-year extension. This repricing aims to incentivize warrant holders to exercise, potentially bringing in additional capital in the future, though at a lower price point than originally intended.
The vague allocation of proceeds for "working capital and general corporate purposes" lacks specificity and raises questions about the immediate capital needs driving this raise. For a REIT with diverse real estate holdings, this modest capital infusion represents a 1-2% increase in equity, indicating that this offering is more likely addressing operational funding gaps rather than strategic acquisitions or major debt reduction.
References:
[1] https://www.nasdaq.com/articles/presidio-property-trust-reports-q2-2025-home-sales-35-million-and-strategic-acquisitions
[2] https://www.stocktitan.net/news/SQFT/presidio-property-trust-announces-pricing-of-a-registered-direct-d4j3adu4urd8.html
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