{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-007055","form_type":"8-K","ticker":"CXDO","cik":"0001075736","company_name":"Crexendo, Inc.","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.869291+00:00","generated_at":"2026-06-14T17:55:32.890614+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Crexendo sells office building for $4.05M, leases back for 12-18 months","bullets":["Purchase price $4.05M, subject to adjustments; buyer is Nectar Equities, LLC.","Existing mortgage with Bank of America (~$1.77M balance) will be paid off at closing.","Company retains right to lease back premises for 12 to 18 months post-closing.","Transaction expected to close within 120 days, subject to customary conditions.","Building was previously included in property, plant, and equipment on Form 10-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-007055","json":"https://secwatch.observer/filing/0001654954-23-007055.json","markdown":"https://secwatch.observer/filing/0001654954-23-007055.md","text":"https://secwatch.observer/filing/0001654954-23-007055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423007055/0001654954-23-007055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423007055/cxdo_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T17:55:32.890614+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":"9d88173e097a21593b03a588b63aa9e02a4ac521","claim":"Crexendo, Inc. entered into Purchase and Sale Agreement with Nectar Equities, LLC valued at Four Million Fifty Thousand Dollars (US) ($4,050,000.00) (effective 2023-05-16).","evidence_excerpt":"On May 16, 2023, Crexendo, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with Nectar Equities, LLC (the “Buyer”) for the sale of the Company’s office building located at 1615 S 52nd St Tempe, AZ 85281","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423007055/0001654954-23-007055-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Nectar Equities, LLC"},{"label":"Value","value":"Four Million Fifty Thousand Dollars (US) ($4,050,000.00)"},{"label":"Effective","value":"2023-05-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}