secwatch.observer — SEC 8-K summary
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Issuer:     Saker Aviation Services, Inc. (SKAS)
CIK:        0001128281
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001437749-22-025540
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Saker Aviation Services closes asset sale of FBO Air-Garden City for $1.5M
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- Closed sale of substantially all assets of subsidiary FBO Air-Garden City, Inc. to Crosby Flying Services, LLC for $1.5 million after adjustments.
- Buyer paid 90% at closing; remaining 10% due in cash on first anniversary subject to non-compete compliance.
- Seven-year non-compete covenant prohibits aviation fuel and FBO operations within 100 miles of Garden City Regional Airport, Kansas.
- Sale previously announced on September 27, 2022; closed on October 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128281/000143774922025540/0001437749-22-025540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128281/000143774922025540/skas20221102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025540

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