Presidio Property Trust prices 170K registered direct offering at $12 per share

Presidio Property Trust (SQFT) announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 170,830 shares of common stock at a purchase price of $12.00 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $2.05M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about July 15, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.