Presidio: 149,773 Series D preferred shares tendered in exchange offer, all accepted
Presidio Property Trust said its offer to exchange Series D preferred stock for Series A common stock expired on October 2, 2026, with 149,773 shares (about 15.4% of the Series D total) validly tendered and accepted. Participating holders will receive 5.5 common shares per preferred share, about 823,753 common shares in total, with settlement expected on or about October 6, 2026, and about 823,963 Series D shares remaining outstanding afterward.
Key points
- Exchange offer expired at 11:59 p.m. New York time on October 2, 2026.
- 149,773 Series D shares (about 15.4% of outstanding) were validly tendered and accepted.
- Each tendered share exchanges for 5.5 Series A common shares, about 823,753 common shares in total; settlement expected on or about October 6, 2026.
- About 823,963 Series D shares will remain outstanding after settlement, down from 973,736 as of October 2, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.