[SCHEDULE 13G/A] Presidio Property Trust, Inc. Series A SEC Filing
Armistice Capital, LLC and Steven Boyd report beneficial ownership of 400,000 shares of Presidio Property Trust, Inc. Series A common stock, representing 3.22% of the class based on 12,410,805 shares outstanding as of May 12, 2025. The filing states the shares are directly held by Armistice Capital Master Fund Ltd. (the "Master Fund") with Armistice Capital exercising voting and investment power under an Investment Management Agreement. Both Armistice Capital and Mr. Boyd report shared voting and dispositive power over the 400,000 shares and certify the position was acquired and is held in the ordinary course of business. The Schedule 13G/A is signed by Steven Boyd on behalf of both reporting persons on August 14, 2025.
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Insights
TL;DR: A 3.22% passive stake disclosed; non-control position likely, limited near-term market impact.
The filing reports a modest passive stake of 400,000 shares representing 3.22% of outstanding Series A common stock. Because the statement is filed on Schedule 13G/A and the certifications indicate the holdings are in the ordinary course of business, the reporting persons characterize this as a non-control, passive position. The ownership is held via an investment fund (Master Fund) with voting and dispositive power delegated to Armistice Capital under an investment management agreement; Mr. Boyd is the managing member and is disclosed accordingly. Given the stake is below 5%, this is a routine disclosure of a minority position rather than an activist or control filing. Investors should view this as increased investor interest but not a change in control dynamics.
TL;DR: Disclosure is complete for a passive investor; shared voting power is noted, no group or control assertions.
The Schedule 13G/A properly identifies the issuer, CUSIP, reporting persons, and the beneficial ownership calculation referencing the issuers reported share count. The filing clarifies the legal relationships: the Master Fund holds the shares while Armistice Capital, as investment manager, exercises voting and investment power; Mr. Boyd is disclosed as managing member. The document states the holdings are not intended to influence control and includes the required certifications and joint filing statement. There is no indication of a group affiliation or plans to change governance, consistent with a passive investor disclosure under Rule 13d-1(b)/(c).