secwatch.observer — SEC 8-K summary
======================================

Issuer:     KAANAPALI LAND LLC (KANP)
CIK:        0001230058
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0000892626-24-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaanapali Land subsidiary signs $29.9M agreement to sell 241 acres in Hawaii
----------------------------------------------------------------------------

- Base sales price $29.9M for ~241 acres in Pu'ukoli'i Village Mauka, near Kaanapali resort area.
- KLMC to receive 2.5% of gross sales price of each market-priced unit sold by buyer; additional consideration for bulk sales within 5 years.
- Buyer has 100-day due diligence period (extendable by 60 days) and can terminate in its sole discretion; closing 30 days after due diligence ends.
- No assurance transaction will close; subject to buyer's investigation and evaluation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230058/000089262624000019/0000892626-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230058/000089262624000019/kaa8k-20240605.htm
  HTML page:      https://secwatch.observer/filing/0000892626-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer