{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-001119","form_type":"8-K","ticker":"GYRO","cik":"0001589061","company_name":"Gyrodyne, LLC","filed_at":"2026-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.558229+00:00","generated_at":"2026-05-16T10:52:25.886282+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Gyrodyne amends Flowerfield sale agreement with $1.52M credit, extends covenant deadline to Feb 5, 2026","bullets":["Second Amendment provides $1,520,222 credit to B2K for on-site improvements on Lots 1 and 3 of Flowerfield.","Investigation period expired; B2K's right to terminate under Section 3.1(D) is null and void.","Parties must resolve third-party land use covenants by Feb 5, 2026; B2K may terminate if unresolved.","Sanitary flow chart revised, allocating all remaining sanitary flow to B2K except for Lots 1-3.","Company states impact on timeline and net asset value is premature to determine due to covenant uncertainty."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-001119","json":"https://secwatch.observer/filing/0001437749-26-001119.json","markdown":"https://secwatch.observer/filing/0001437749-26-001119.md","text":"https://secwatch.observer/filing/0001437749-26-001119.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1589061/000143774926001119/0001437749-26-001119-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1589061/000143774926001119/gyrllc20260112_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:52:25.886282+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2be5351d9caac944f105bbb08ea06ce8f48e83d4","claim":"Gyrodyne, LLC amended Second Amendment with B2K Smithtown LLC valued at $1,520,222 (effective 2026-01-06).","evidence_excerpt":"GSD Flowerfield LLC, a New York limited liability company (“GSD”) and wholly-owned subsidiary of Gyrodyne, LLC, a New York limited liability company (the “Company”), and B2K Smithtown LLC, a Delaware limited liability company (“B2K”), have entered into a Second Amendment dated as of January 6, 2026 (the “Second Amendment”) to the Purchase and Sale Agreement effective as of July 30, 2025 (the “Purchase Agreement”) between GSD and B2K.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1589061/000143774926001119/0001437749-26-001119-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"B2K Smithtown LLC"},{"label":"Value","value":"$1,520,222"},{"label":"Effective","value":"2026-01-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}