CVD Equipment extends due diligence on $28.5M headquarters sale-leaseback to Nov 11

CVD EQUIPMENT CORP

Due diligence period extended first to Nov 4, 2022, then to Nov 11, 2022 via two amendments.
Purchase agreement with 355 Technology Drive Owner LLC for $28.5M remains otherwise unchanged.
Original closing date for the sale-leaseback transaction is unchanged from prior disclosures.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

CVD EQUIPMENT CORP amended Agreement of Purchase and Sale with 355 Technology Drive Owner LLC valued at Extended due diligence period to November 11, 2022 (effective 2022-11-04).

Action: amendment
Agreement: asset purchase
Counterparty: 355 Technology Drive Owner LLC
Value: Extended due diligence period to November 11, 2022
Effective: 2022-11-04

Exact text from the filing

On November 3, 2022, the Company and the Purchaser executed an amendment to the Purchase Agreement (the “Second Amendment”), pursuant to which the parties extended the Due Diligence Period to 5:00 pm Eastern Time on November 4, 2022.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

CVD EQUIPMENT CORP amended Agreement of Purchase and Sale with 355 Technology Drive Owner LLC valued at Extended due diligence period to November 11, 2022 (effective 2022-11-04).

Action: amendment
Agreement: asset purchase
Counterparty: 355 Technology Drive Owner LLC
Value: Extended due diligence period to November 11, 2022
Effective: 2022-11-04

Exact text from the filing

On November 4, 2022, the Company and the Purchaser executed an additional amendment to the Purchase Agreement (the “Third Amendment”), pursuant to which the parties extended the Due Diligence Period to 5:00 pm Eastern Time on November 11, 2022.

View on SEC.gov

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CVD EQUIPMENT CORP filing history →

Source: SEC EDGAR

accession 0001437749-22-026346

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