secwatch.observer — SEC 8-K summary
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Issuer:     STAR EQUITY HOLDINGS, INC. (—)
CIK:        0000707388
Form:       8-K
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0000707388-24-000067
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Equity completes $3M real estate purchase for Timber Technologies; issues $3M note at 7.5%
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- Star Equity subsidiary 106 Bremer bought real property from Timber Properties (seller affiliate) for $3.0M plus closing costs on June 28, 2024.
- A $3.0M promissory note issued to Timber Properties, bearing 7.5% interest, payable quarterly, maturing June 29, 2034.
- The note is secured by a mortgage on the acquired property, subordinate to a prior Bridgewater Bank loan.
- This completes the real estate component of the Timber Technologies asset acquisition first disclosed in May 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/707388/000070738824000067/0000707388-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/707388/000070738824000067/strr-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000707388-24-000067

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