secwatch.observer — SEC 8-K summary
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Issuer:     Electromedical Technologies, Inc (EMED)
CIK:        0001715819
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-035011
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electromedical sells headquarters property for $2M, leases it back for $9K/month
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- Sold real property at 16561 N. 92nd St., Scottsdale, AZ for $2,000,000. Net proceeds: $1,358,710.56.
- Sale extinguishes all outstanding mortgage debt on the property, including principal and interest.
- Entered one-year commercial lease for the same office (Unit D101) at $9,000 monthly rent.
- No relationship exists between the company and buyer Care National Healthcare Services, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1715819/000110465923035011/0001104659-23-035011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1715819/000110465923035011/tm2310172d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-035011

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