---
schema_version: "secwatch.filing_event.v1"
accession: "0000707388-24-000009"
form_type: "8-K"
ticker: null
cik: "0000707388"
company_name: "STAR EQUITY HOLDINGS, INC."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:34:01.655150+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Star Equity's sale-leaseback with SP Capital terminated; buyer failed to obtain financing

## Summary
- Purchase Agreement with SP Capital Partners LLC terminated on Feb 22, 2024 due to buyer's inability to secure financing.
- Company has begun remarketing the property and expects to close a similar transaction in 2024.
- No financial impact or break-up fee disclosed; deal was previously reported on Jan 25, 2024.

## SEC filing metadata
- accession: 0000707388-24-000009
- form_type: 8-K
- cik: 0000707388
- company_name: STAR EQUITY HOLDINGS, INC.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707388/000070738824000009/0000707388-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707388/000070738824000009/strr-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000707388-24-000009
- JSON: https://secwatch.observer/filing/0000707388-24-000009.json
- Plain text: https://secwatch.observer/filing/0000707388-24-000009.txt

## Key facts
- Material Agreements
  STAR EQUITY HOLDINGS, INC. terminated Purchase and Sale Agreement with Leaseback with SP Capital Partners LLC valued at Purchase and Sale Agreement with Leaseback cancelled due to Buyer's failure to obtain financing (effective 2024-02-22).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: SP Capital Partners LLC
  - Value: Purchase and Sale Agreement with Leaseback cancelled due to Buyer's failure to obtain financing
  - Effective: 2024-02-22
  source text: The closing of the Sale and Leaseback Transaction was subject to the satisfaction of certain customary closing conditions and contingencies for transactions of this type. Such contingencies included the Buyer’s ability to obtain appropriate financing. Buyer’s failure to meet such conditions resulted in a cancellation of the Purchase Agreement on February 22, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/707388/000070738824000009/0000707388-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.