secwatch.observer — SEC 8-K summary
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Issuer:     AUTOSCOPE TECHNOLOGIES CORP (AATC)
CIK:        0000943034
Form:       8-K
Filed at:   2021-12-16T23:59:59+00:00
Accession:  0000897101-21-000992
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Autoscope subsidiary closes $2.05M real estate purchase with $1.74M Coulee Bank loan
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- ISNS purchased land and building at 1115 Hennepin Ave, Minneapolis for $2,050,000 from TJ&Z.
- Loan of $1,742,500 from Coulee Bank at 3.950% fixed, maturing December 10, 2026.
- ISNS paid $100,000 earnest money and $230,119 at closing for purchase and costs.
- Loan secured by mortgage and assignment of rents; no prepayment penalty unless refinanced.
- Billboard lease on property assigned to ISNS; no other tenants currently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/943034/000089710121000992/0000897101-21-000992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/943034/000089710121000992/aatc-20211210.htm
  HTML page:      https://secwatch.observer/filing/0000897101-21-000992

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