CVD Equipment completes sale of 555 Building for $24.36M, net proceeds ~$14M

CVD EQUIPMENT CORP

Sold 555 North Research Place for $24.36M; closed July 26, 2021.
Used $9.35M to satisfy mortgage; net proceeds ~$14M after closing costs.
Entered new IDA agreement for 355 South Technology Drive with real estate and sales tax abatements.
Operations from 555 Building consolidated into 355 Building and Denmark facility.
Working capital to be used for sustainability and future growth.

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