---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006907"
form_type: "8-K"
ticker: "SODI"
cik: "0000091668"
company_name: "SOLITRON DEVICES INC"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:59:16.939336+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Solitron Devices subsidiary purchases facility for $1.75M, financed by $1.4M BOA loan at 6.39%

## Summary
- Micro Engineering exercised lease option to buy Apopka, FL property for $1,750,000.
- Bank of America loaned $1,400,000; interest at 6.39% per annum, monthly payments $10,444.14.
- Loan matures May 31, 2034; secured by property and guaranteed by Micro Engineering.
- Proceeds used to finance purchase; prepayment allowed with accrued interest and yield maintenance.

## SEC filing metadata
- accession: 0001654954-24-006907
- form_type: 8-K
- ticker: SODI
- cik: 0000091668
- company_name: SOLITRON DEVICES INC
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91668/000165495424006907/0001654954-24-006907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91668/000165495424006907/sodi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006907
- JSON: https://secwatch.observer/filing/0001654954-24-006907.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006907.txt

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