secwatch.observer — SEC 8-K summary
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Issuer:     Donnelley Financial Solutions, Inc. (DFIN)
CIK:        0001669811
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001193125-22-237890
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

DFIN sells Phoenix property for $13M; buyer has up to 300 days for entitlements
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- Sale price $13M; buyer pays $250K initial deposit, additional $300K after due diligence.
- Buyer has 90-day due diligence; if not terminated, deposit released to DFIN in tranches.
- After due diligence, buyer has up to 300 days to obtain entitlements for mixed-use building; can extend 30 days for $100K.
- Closing expected by Oct 24, 2023, or Nov 23, 2023 if extended; buyer pays $25K non-refundable commitment fee.
- If buyer defaults after due diligence, full deposit kept as liquidated damages; seller default limited to deposit plus up to $75K costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1669811/000119312522237890/0001193125-22-237890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1669811/000119312522237890/d393145d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-237890

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