secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001654954-23-010667
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo sells Tempe office building for $4M, enters 18-month leaseback
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/0001654954-23-010667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495423010667/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-010667

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer