Presidio Granted Second 180-Day Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule

SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) — Presidio Property Trust, Inc. (“Presidio” or the “Company”) (NASDAQ: SQFT; SQFTP; SQFTW)

Presidio Property Trust, Inc., a diversified real estate investment trust, has been granted an additional 180-day period from Nasdaq’s Listing Qualification Department to regain compliance with the minimum bid price rule. This extension allows the company until June 3, 2024, to meet the necessary requirements to remain listed on the Nasdaq stock exchange.

Impact on you:

If you are a shareholder of Presidio Property Trust, this news may impact the value of your investment. It is important to stay informed about the company’s efforts to regain compliance and make informed decisions about your holdings.

Impact on the world:

The granting of a second 180-day period by Nasdaq to Presidio Property Trust reflects the exchange’s commitment to working with companies to ensure they meet listing requirements. This decision may have broader implications for the real estate investment trust industry as a whole, as other companies facing similar challenges may look to this case as a precedent.

Conclusion:

Presidio Property Trust’s second 180-day extension from Nasdaq demonstrates the company’s dedication to regaining compliance with listing rules. Shareholders should continue to monitor the situation closely, while the broader industry may take note of Nasdaq’s willingness to work with companies during challenging times.