other material
confidence high
sentiment neutral
materiality 0.30
Solitron Devices extends lease at reduced rent through March 2022 due to relocation delay
SOLITRON DEVICES INC
- Lease extended: partial premises through Feb 28, 2022 and remainder through Mar 31, 2022.
- Rent reduced to $3,000/month (Jan/Feb) and $1,500 (Mar) from prior $38,808/month.
- Company conveys its air conditioning unit to landlord as consideration.
- Delay in moving to newly acquired Florida facility (April 2021) due to circumstances beyond control.