---
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"
generated_at: "2026-06-14T17:55:32.890614+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Crexendo sells office building for $4.05M, leases back for 12-18 months

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-007055
- JSON: https://secwatch.observer/filing/0001654954-23-007055.json
- Plain text: https://secwatch.observer/filing/0001654954-23-007055.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Nectar Equities, LLC
  - Value: Four Million Fifty Thousand Dollars (US) ($4,050,000.00)
  - Effective: 2023-05-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495423007055/0001654954-23-007055-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.