Presidio Property Trust announces 1-for-10 reverse stock split

Presidio Property Trust (SQFT) announced that it will proceed with a 1-for-10 reverse stock split of its outstanding shares of Series A Common Stock following approval by its Board of Directors pursuant to the Maryland General Corporation Law and no stockholder approval is required. Presidio expects the company’s Series A Common Stock will begin trading on a post-split basis at the market open on May 19, and continue to be traded under the symbol “SQFT” with a new CUSIP number 74102L501. The primary objective of the Reverse Stock Split is to increase the per share market price of the Series A Common Stock to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market and maintain the listing of its common stock on the Nasdaq Capital Market.