secwatch.observer — SEC 8-K summary
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Issuer:     KAANAPALI LAND LLC (KANP)
CIK:        0001230058
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0000892626-24-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Kaanapali Land subsidiary agrees to sell ~20 acres in Lahaina, HI for $20M
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- Sale price $20M for 4 parcels (~20 acres) in Lahaina, HI; property damaged by Aug 2023 wildfires.
- Buyer has 90-day due diligence period; additional 120-day environmental assessment after cleanup.
- Seller may finance up to $9M at 8% simple interest if buyer cannot obtain third-party financing.
- Closing subject to due diligence, environmental cure, and debris removal; no assurance of closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1230058/000089262624000024/0000892626-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1230058/000089262624000024/kaana-8k20240617.htm
  HTML page:      https://secwatch.observer/filing/0000892626-24-000024

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