8-K - Star Equity Holdings, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Star Equity Holdings' subsidiary ADT completed the sale and leaseback of its Texas and Utah properties for a combined $1.69 million, entering into long-term triple net leases with the buyer.

Key Takeaways

1ADT sold its Texas property for $1.14 million and Utah property for $0.55 million on March 27, 2026.

2The company simultaneously entered into 20-year triple net leases for both properties with four five-year extension options.

3Star Equity Holdings guaranteed the lease agreements, assuming responsibility for rent and all property expenses.

4The transactions represent the completion of three sale-leaseback agreements originally entered in December 2025.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. | Entry into a Material Definitive Agreement. On December 16, 2025, Alliance Drilling Tools, LLC (“ADT”), a wholly owned subsidiary of Star Equity Holdings, I

Material Agreement

$1.1M$550.0K

2.03

. Item 9.01. | Financial Statements and Exhibits. (d) Exhibits EXHIBIT INDEX 10.3: 10.4 | Purchase and Sale Agreement of ADT Texas, dated as of December 16, 202

Financing

Transaction Details

Material Agreement

Agreement: ADT Texas Purchase and Sale Agreement, ADT Utah Purchase and Sale Agreement
Parties: Alliance Drilling Tools, LLC, Custom Capital Strategies, Inc., Alliance Texas and Utah, LLC

•Total purchase price of $1.14 million for Texas property
•Total purchase price of $0.55 million for Utah property
•Prices subject to adjustment for taxes and other charges
•20-year triple net leases with four five-year extension options
•Company guaranteed the lease agreements
•ADT responsible for rent and all property expenses

Exhibits (1)

8-K