INNO Holdings buys 120,776 sq ft Pomona office for $14.6M; assumes $9.69M note

INNO HOLDINGS INC.

Purchase price $14,600,000 for ~120,776 sq ft office space in Pomona, CA.
Deposit of $440,000 placed in escrow; may become non-refundable under certain conditions.
Company must apply to assume $9,690,000 promissory note balance within 45 days of escrow opening or seek alternative financing.
Remaining balance after deposit and note assumption to be paid at closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INNO HOLDINGS INC. entered into Agreement for Purchase and Sale and Escrow Instructions with Pomona Office Tower, LLC and WG Kupka, LLC valued at $14,600,000.00 (effective 2024-01-04).

Action: entry
Agreement: asset purchase
Counterparty: Pomona Office Tower, LLC and WG Kupka, LLC
Value: $14,600,000.00
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, INNO Holdings, Inc. (the “ Company ”) entered into an Agreement for Purchase and Sale and Escrow Instructions (the “ Purchase Agreement ”) by and among the Company, Pomona Office Tower, LLC (“ Pomona ”) and WG Kupka, LLC (“ Kupka ,” and together with Pomona, “ Seller ”) pursuant to which the Company purchased approximately 120,776 square feet of office space (the “ Real Property ”) in Pomona, California from the Seller for $14,600,000.00 (the “ Purchase Price ”).

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INNO HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-002423

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