Presidio Regains Compliance With Nasdaq Minimum Bid Price Requirement

Presidio Property Trust, Inc. ("Presidio" or the "Company") (NASDAQ:SQFT, SQFTP, SQFTW))))), an internally managed, diversified real estate investment trust ("REIT"), today announced that it has received formal notice from the Nasdaq Stock Market, LLC ("Nasdaq") stating that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the Company received a written notice from Nasdaq on June 6, 2023 notifying the Company that it had failed to meet the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Capital Market.

To regain compliance with the Listing Rule, the Company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on December 20, 2023. Nasdaq has stated that this matter is now closed.