secwatch.observer — SEC 8-K summary
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Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001654954-24-009355
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crexendo subleases Tempe HQ for 3 years starting Oct 2024
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- Sublease with Acronis, Inc. for office space in Tempe, AZ; term Oct 2024–Oct 2027.
- Base monthly rent: $27,599 (yr1), $28,853.50 (yr2), $30,108 (yr3).
- Three months rent abatement; 50% of operating costs over $20K/year.
- Space fully furnished; immediate occupancy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424009355/0001654954-24-009355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495424009355/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-009355

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