Presidio Property Trust Announces Reverse Stock Split
From GlobeNewswire: 2025-05-14 16:45:00
Presidio Property Trust, Inc. will proceed with a 1-for-10 reverse stock split of its Series A Common Stock without requiring stockholder approval. The split is set to take effect on May 19, 2025, under the symbol “SQFT” to regain compliance with Nasdaq Capital Market listing requirements. Every 10 shares will be combined into 1 share, with adjustments made for fractional shares. Direct Transfer LLC will act as the exchange and transfer agent for the split, with no action required for electronic shareholders. Presidio Property Trust is a diversified real estate investment trust with holdings in model home properties and office, industrial, and retail properties primarily in the sunbelt.
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