secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001437749-23-019246
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

RF Industries enters into Regus brand workspace management deal for 39,979 sq ft in San Diego
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- Agreement with RGN-MCA San Diego II (IWG) for managed flexible workspace under Regus brand for 39,979 sq ft of vacant office space.
- Platform fee: 10% of gross revenue in year 1, rising to 12% in year 2, then 14% for remaining term.
- Management fee of 2% of gross revenue; one-time set-up cost of $10,000 to IWG.
- Company responsible for construction fit-out (estimated $550,000); can terminate if costs exceed 125% estimate.
- Company retains net revenue after operating costs and fees; termination right if revenue thresholds not met after 4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774923019246/0001437749-23-019246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774923019246/rfil20230703_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-019246

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