Presidio Property Trust, Inc 8-K, filed Sep 2, 2020
Presidio Property Trust, Inc. (SQFT)
About this 8-K
Presidio Property Trust, Inc filed this 8-K on September 2, 2020, reporting on events of September 1, 2020.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): September 1, 2020
PRESIDIO PROPERTY TRUST, INC.
(Exact Name of Registrant as Specified in its Charter)
| Maryland | 000-53673 | 33-0841255 |
|---|---|---|
| __________ | __________ | __________ |
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer <br>Identification No.) |
4995 Murphy Canyon Road, Suite 300
San Diego, California 92123
(Address of Principal Executive Offices, Including Zip Code)
____________________
(760) 471-8536
(Registrant’s Telephone Number, Including Area Code)
___________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br><br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 8.01 Other Events.
On September 1, 2020, Presidio Property Trust, Inc. (“Company”) exercised a one-time right to extend the maturity date of the Promissory Note (“Note”) held by Polar Multi-Strategy Master Fund (“Polar”) from October 1, 2020 to March 31, 2021, at which time the entire outstanding principal and accrued and unpaid interest will be due and payable. The Company may prepay the Note, the current principal balance of which is approximately $8.8 million, at any time, and is no longer subject to the payment of an Optional Redemption Fee (as defined in the Note).
A copy of the Note was filed as Exhibit 1.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission on September 20, 2019.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 2, 2020 | PRESIDIO PROPERTY TRUST, INC. |
|---|---|
| By: /s/ Ann T. Nguyen | |
| Ann T. Nguyen | |
| General Counsel and Secretary |