{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-010667","form_type":"8-K","ticker":"CXDO","cik":"0001075736","company_name":"Crexendo, Inc.","filed_at":"2023-08-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.085054+00:00","generated_at":"2026-06-11T09:57:31.720649+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Crexendo sells Tempe office building for $4M, enters 18-month leaseback","bullets":["Sale price $4,000,000; existing mortgage of ~$1,767,490.88 paid off at closing.","Company enters 18-month leaseback; may terminate at 12 months with 60-day notice.","Buyer: NECTAR 52ND 2023, LLC."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-010667","json":"https://secwatch.observer/filing/0001654954-23-010667.json","markdown":"https://secwatch.observer/filing/0001654954-23-010667.md","text":"https://secwatch.observer/filing/0001654954-23-010667.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/0001654954-23-010667-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/cxdo_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T09:57:31.720649+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":"9ccb118a0587485fda48c10092e649ce1af77308","claim":"Crexendo, Inc. entered into Agreement with NECTAR 52ND 2023, LLC valued at Four Million Dollars (US) ($4,000,000.00) (effective 2023-08-09).","evidence_excerpt":"On August 9, 2023, Crexendo, Inc. (the “Company”) through its wholly owned subsidiary Crexendo Business Solutions, Inc. sold the Company’s office building (“Building”) located at 1615 S 52nd St. Tempe, AZ 85281 to NECTAR 52ND 2023, LLC (the “Buyer”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/0001654954-23-010667-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"NECTAR 52ND 2023, LLC"},{"label":"Value","value":"Four Million Dollars (US) ($4,000,000.00)"},{"label":"Effective","value":"2023-08-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}