secwatch.observer — SEC 8-K summary
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Issuer:     MAUI LAND & PINEAPPLE CO INC (MLP)
CIK:        0000063330
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001437749-25-037265
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Maui Land & Pineapple agrees to sell 6.5-acre Kapalua property for $10M to Harvest at Kumulani Chapel
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- Purchase price $10M for 6.5-acre Kapalua site with five existing buildings totaling ~12,000 sq ft; buyer currently leases property under ground lease.
- Transaction includes 90-day due diligence, 730-day entitlement period, up to three 60-day extensions; closing 30 days after notice to proceed.
- Initial deposit $300,000, additional $50,000 per extension; deposits applied to purchase price at closing, refundable unless buyer breach.
- CEO Race Randle: 'Harvest at Kumulani Chapel exemplifies the Kapalua Resort... providing spiritual stability for generations.'

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63330/000143774925037265/0001437749-25-037265-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63330/000143774925037265/mlp20251204_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037265

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