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

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

Presidio获得纳斯达克第二个180天的期限以恢复符合最低买盘价格规则
GlobeNewswire ·  12/07 05:15

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."

圣地亚哥,2024年12月6日(全球新闻网络)——presidio property trust, Inc.(“presidio”或“公司”)(纳斯达克:SQFT;SQFTP;SQFTW),是一家内部管理的多元化股权房地产投资信托(“REIT”),今天宣布公司已获得纳斯达克上市资格部门额外的180天期限,直到2025年6月2日,以重新符合纳斯达克资本市场的1.00美元最低买盘价格要求。公司的普通股继续在纳斯达克资本市场以“SQFt.”为标的进行交易。

If at any time until June 2, 2025, the closing bid price of the Company's common stock is at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance. If compliance cannot be demonstrated during the additional 180-day grace period, Nasdaq will provide written notification that the common stock will be subject to delisting. At such time, the Company may appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of its common stock between now and June 2, 2025, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period.

如果在2025年6月2日之前的任何时间,公司普通股的收盘买盘价格在至少十个连续交易日内达到或超过1.00美元,纳斯达克将向公司提供合规的书面确认。如果在额外的180天宽限期内无法证明合规,纳斯达克将提供书面通知,说明普通股将面临退市。在此时,公司可以向纳斯达克听证小组提出上诉。公司打算在现在到2025年6月2日之间监控其普通股的收盘买盘价格,并打算考虑可用的期权以纠正不足,并在合规期间内重新获得最低买盘价格要求的合规。

About Presidio Property Trust

关于Presidio Property Trust

Presidio is an internally managed real estate investment trust with holdings in model home properties, which are triple net leased to homebuilders, and office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Presidio's office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. Presidio also owns approximately 4.3% of the outstanding common stock of Conduit Pharmaceuticals Inc., a disease agnostic multi-asset clinical-stage life science company providing an efficient model for compound development. For more information on Presidio, please visit Presidio's website at .

presidio是一家内部管理的股权房地产投资信托,持有样板房产,这些房产以三重净租赁的方式租给房屋建筑商,以及办公、工业和零售房产。presidio的样板房屋租给位于亚利桑那州、伊利诺伊州、德克萨斯州、威斯康星州和佛罗里达州的房屋建筑商。presidio的办公、工业和零售房产主要位于科罗拉多州,还有部分位于马里兰州、北达科他州、德克萨斯州和南加州。presidio还拥有约4.3%的Conduit Pharmaceuticals Inc.的流通普通股,这是一家不特定疾病的多资产临床阶段生命科学公司,提供高效的compound开发模型。有关presidio的更多信息,请访问presidio的网站。

Cautionary Note Regarding Forward-Looking Statements

关于前瞻性声明的警告

This press release contains statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management's intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as "believe," "expect," "anticipate," "intend," "estimate," "may," "will," "should" and "could." Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Except as required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes please refer to the Company's filings with the SEC, including those under "Risk Factors" therein, copies of which are available on the SEC's website, www.sec.gov.

本新闻稿包含根据1995年私人证券诉讼改革法、1933年证券法第27A节(经修订)和1934年证券交易法第21E节(经修订)及其他联邦证券法的定义的“前瞻性陈述”。前瞻性陈述是指非历史性的陈述,包括关于管理层意图、信念、期望、表现、计划或未来预测的陈述,通常以“相信”、“期望”、“预期”、“打算”、“估计”、“可能”、“将”、“应该”和“可以”等词语来识别。由于此类陈述包含风险、不确定性和偶发事件,实际结果可能与这些前瞻性陈述所表达或暗示的结果存在重大差异。这些前瞻性陈述基于公司的当前预期,但并不能保证会发生。除法律要求外,公司不承担公开更新或修订任何前瞻性陈述的义务,以反映基础假设或因素的新信息、数据或方法、未来事件或其他变化。投资者不应过分依赖前瞻性陈述。有关可能影响结果的因素的进一步讨论,请参考公司在SEC的备案,包括其中的“风险因素”,该备案副本可在SEC网站www.sec.gov上获得。

Investor Relations Contact:

投资者关系联系人:

Presidio Property Trust, Inc.
Lowell Hartkorn, Investor Relations
LHartkorn@presidiopt.com
Telephone: (760) 471-8536 x1244

Presidio Property Trust,Inc。
投资者关系的Lowell Hartkorn
LHartkorn@presidiopt.com
电话:(760)471-8536 x1244

This press release was published by a CLEAR Verified individual.

此新闻发布是由经过验证的个人发布的。


译文内容由第三方软件翻译。


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