secwatch.observer — SEC 8-K summary
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Issuer:     Gyrodyne, LLC (GYRO)
CIK:        0001589061
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001437749-26-001119
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gyrodyne amends Flowerfield sale agreement with $1.52M credit, extends covenant deadline to Feb 5, 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1589061/000143774926001119/0001437749-26-001119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1589061/000143774926001119/gyrllc20260112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-001119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer