Presidio Property Trust granted extension to regain compliance with Nasdaq
SAN DIEGO, Dec. 06, 2024 (GLOBE NEWSWIRE)
Presidio Property Trust, Inc. (“Presidio” or the “Company”) (NASDAQ: SQFT; SQFTP; SQFTW), an internally managed, diversified real estate investment trust (“REIT”), today announced that the Company has been granted an additional 180-day period from Nasdaq’s Listing Qualification Department, through June 2, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol “SQFT.”
The Impact on Individuals
For individual investors, the extension granted to Presidio Property Trust provides more time to monitor the company’s performance and potential price movements. This additional 180-day period allows investors to make informed decisions regarding their investments in Presidio and evaluate the company’s efforts to comply with Nasdaq’s requirements.
The Global Impact
On a global scale, the extension granted to Presidio Property Trust reflects the importance of regulatory compliance in the financial markets. Companies listed on major exchanges like Nasdaq must meet certain requirements to maintain their listings, and the outcome of Presidio’s efforts to regain compliance will be closely watched by investors and industry experts worldwide.
Conclusion
Presidio Property Trust’s extension to regain compliance with Nasdaq’s minimum bid price requirement demonstrates the company’s commitment to upholding regulatory standards and maintaining its listing on the Nasdaq Capital Market. As stakeholders continue to monitor the situation, the impact of this extension will be felt by both individual investors and the global financial community.
