secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001213900-22-077037
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoned Properties adds Green Dot Labs as Tempe tenant; secures $300K payment and $3M capital commitment
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- Green Dot Labs becomes new primary tenant at Zoned Properties' Tempe property via lease assignment and amendment.
- Zoned Properties receives $300,000 one-time payment for approving the lease assignment.
- Green Dot Labs commits at least $3 million to property improvements within two years.
- GDL Inc. (Green Dot Labs) guarantees tenant's performance under the lease.
- Kingman lease amendment grants Zoned subsidiary a right to terminate lease under certain conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022077037/0001213900-22-077037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390022077037/ea169349-8k_zonedpro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-077037

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