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-0.00253807106598991 -0.00253807106598991 -0.00144670050761422 0.0050761421319797 -0.00126903553299501 0.00253807106598979 0.0040862944162436 0.0152030456852791
Stock impact report

Presidio Property Trust Announces Closing of Its Upsized Public Offering of Preferred Stock

Presidio Property Trust, Inc. - Class A (SQFT) 
Company Research Source: Accesswire
SAN DIEGO, CA / ACCESSWIRE / June 15, 2021 / (NASDAQ:SQFT) Presidio Property Trust ("Presidio" or the "Company"), an internally managed, diversified real estate investment trust ("REIT"), today announced the closing of its upsized public offering of 800,000 shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock (the "Series D Preferred Stock") at a price to the public of $25.00 per share for gross proceeds of $20.0 million, before deducting offering expenses and underwriting commissions. Presidio intends to use the net proceeds for general corporate and working capital purposes, including to potentially acquire additional properties.Shares of the Series D Preferred Stock began trading on the Nasdaq Capital Market on June 11, 2021, under the symbol "SQFTP".The Benchmark Company, LLC acted as sole bookrunning manager for the offering. Aegis Capital Corp., Colliers Securities LLC, and Spartan Capital Securities, LLC acted as co-managers. Presidio has granted the un Show less Read more
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