secwatch.observer — SEC 8-K summary
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Issuer:     CVD EQUIPMENT CORP (CVV)
CIK:        0000766792
Form:       8-K
Filed at:   2022-09-27T23:59:59+00:00
Accession:  0001437749-22-023115
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVD Equipment sells Central Islip facility for $28.5M, leases back for 10 years
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- Sale price $28.5M; net cash proceeds estimated >$20M after taxes/fees to strengthen balance sheet and fund growth.
- Leaseback: initial 10-year term, two 5-year renewal options at company's option; first-year rent $1.548M, annual 3% increase.
- Transaction subject to 30-business-day due diligence period during which purchaser may cancel; no financing contingency.
- Lease is triple net; company remains responsible for all operating costs, taxes, insurance, and maintenance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766792/000143774922023115/0001437749-22-023115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766792/000143774922023115/cvv20220927_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-023115

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