secwatch.observer — SEC 8-K summary
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Issuer:     Star Holdings (STHO)
CIK:        0001953366
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001558370-23-014275
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Star Holdings Q2 net loss $90.0M, EPS -$6.75 on $76.3M SAFE mark-to-market
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- Net loss of $90.0M and diluted EPS loss of $6.75 for Q2 2023.
- Non-cash mark-to-market adjustment of $76.3M on ~13.5M SAFE shares reduced EPS by $5.73.
- Monetized $11.8M of assets: 5 condo units at Asbury Ocean Club and 43 lots at Magnolia Green.
- Voluntarily repaid $25.0M of Margin Loan Facility, principal balance now $115M.
- Received full repayment of one loan for approximately $6.8M during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953366/000155837023014275/0001558370-23-014275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953366/000155837023014275/stho-20230809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014275

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