secwatch.observer — SEC 8-K summary
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Issuer:     INTEGRATED BIOPHARMA INC (INBP)
CIK:        0001016504
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001437749-22-017194
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Integrated Biopharma expands leased space via related-party deal, cancels smaller lease
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- MDC (wholly owned subsidiary) leased additional 40,524 sq ft, increasing total to 116,685 sq ft from Vitamin Realty.
- Annual base rent rises from $533,124 to $845,966; termination date remains January 31, 2026.
- Concurrent cancellation of AgroLabs lease for 2,700 sq ft effective July 1, 2022, saving $32,239 in annual payments.
- Vitamin Realty is 100% owned by the Company's Executive Chairman and Co-CEOs (related-party transaction).
- No outstanding amounts owed by AgroLabs at cancellation; all other lease terms unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016504/000143774922017194/0001437749-22-017194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016504/000143774922017194/inbp20220715_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017194

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