On April 16, 2024, Zuma Capital Management LLC announced that it has sent a letter to Presidio Property Trust Inc, where it disputed the Company?s purported deficiencies with respect to its nomination and expressed its belief that the Board?s attempt to invalidate such nomination was an overt entrenchment maneuver designed to prevent stockholders from having the opportunity to be heard at the Annual Meeting. In addition, Zuma Capital stated that it believed that the Company?s adoption of a classified board of directors shortly before the Annual Meeting, and after a significant stockholder had submitted a timely and valid nomination notice, coupled with the Company?s attempt to invalidate such nomination notice, is plainly a manipulative device designed to entrench the current Board, weaponize Rule 14a-19(b) and ultimately undermine the rights of the Company?s stockholders.