Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Limoneira CO entered into Purchase and Sale Agreement with Peak Holdings, LLC valued at $16,000,000 aggregate purchase price, $10,000,000 cash and $6,000,000 promissory note (effective 2026-04-14).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Peak Holdings, LLC
- Value
- $16,000,000 aggregate purchase price, $10,000,000 cash and $6,000,000 promissory note
- Effective
- 2026-04-14
Exact text from the filing
On April 14, 2026, Windfall Investors, LLC, a California limited liability company and subsidiary of Limoneira Company (the “ Company ”) entered into a Purchase and Sale Agreement (the “ Purchase Agreement ”) with Peak Holdings, LLC, a California limited liability company (the “ Buyer ”) pursuant to which the Company will sell to the Buyer an eighty-percent (80%) undivided tenant-in-common interest in the Company’s real estate parcels located in Paso Robles, California
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Limoneira CO announced a impairment with charges of approximately $9,300,000.
- Type
- impairment
- Charge
- approximately $9,300,000
Exact text from the filing
As a result of the transactions contemplated by the Purchase Agreement, we determined on April 14, 2026 that we will recognize an impairment of property, plant and equipment to be recorded in the second quarter of fiscal year 2026, which is currently estimated to be approximately $9,300,000.
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