secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001193125-22-096270
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aware modifies property sale and lease agreements; closing set for June 30, 2022
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- Fifth Amendment to sale of 40 Middlesex Tpke sets closing at June 30, 2022; buyer deposited additional $125K.
- If buyer defaults under sale agreement, Aware entitled to $7M liquidated damages.
- After sale, Aware may occupy the property through September 30, 2022 via license.
- First Amendment to new lease at 76 Blanchard Rd gives Aware option to terminate before June 30, 2022.
- If Aware terminates, it forfeits $150K escrow plus $1,338.75/day from security deposit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000119312522096270/0001193125-22-096270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000119312522096270/d348587d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-096270

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