secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2021-07-08T23:59:59+00:00
Accession:  0001171843-21-004803
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NTIC subsidiary to acquire Shanghai industrial building for ~$5.1M for new headquarters
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- Purchase price ~RMB 32.6M (~$5.1M) plus ~RMB 10M (~$1.6M) in renovation and transaction costs.
- Property is ~1,950 sq meter industrial building in Qingpu District, Shanghai; will serve as NTIC China HQ.
- Payment: 50% at signing, remaining 50% due by July 15, 2021; funded with cash on hand.
- Title and land-use-right transfer targeted before Jan 1, 2022; seller to vacate by Jan 31, 2022.
- Contract governed by PRC law; disputes via Shanghai Arbitration Commission or Qingpu court.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184321004803/0001171843-21-004803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184321004803/f8k_070721.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-004803

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