Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Medalist Diversified, Inc.: Approved amendment to Articles of Incorporation to restrict stock transfers to protect net operating loss and net capital loss tax benefits (effective 2026-06-16).
- Change
- charter amendment
- Effective
- 2026-06-16
Exact text from the filing
On June 16, 2026, Medalist Diversified, Inc. (the “Company”) held its 2026 annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Articles of Incorporation (the “Charter Amendment”), which includes provisions designed to protect the tax benefits of the Company’s net operating losses (“NOLs”) and net capital losses (“NCLs”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Medalist Diversified, Inc. entered into Purchase and Sale Agreement with Person Street Partners GP Fund I, L.P. valued at $10,250,000 (effective 2026-06-17).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Person Street Partners GP Fund I, L.P.
- Value
- $10,250,000
- Effective
- 2026-06-17
Exact text from the filing
On June 17, 2026, (the “Effective Date”), MDR Brookfield, LLC, a Delaware limited liability company (the “Seller”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), with Person Street Partners GP Fund I, L.P., a Delaware limited partnership (the “Purchaser”), whereby the Purchaser agreed to acquire (the “Acquisition”) Brookfield Center, an approximately 64,880 square foot flex-industrial property in Greenville, South Carolina and more particularly described in Exhibit A to the Purchase and Sale Agreement (the “Property”). The total consideration for the Property is $10,250,000 (the “Consideration”), subject to the prorations and adjustments described in the Purchase and Sale Agreement.
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