Item 2.01 Completion of Acquisition or Disposition of Assets
On September 19, 2022, Rubicon Technology, Inc. (the "Company") completed the
previously announced sale of its real property commonly known as Fox Valley
Business Park, Lot 101, Batavia, Illinois 60510, (the "Property") to Capitol
Trucking Inc., a Texas corporation ("Purchaser") pursuant to the terms and
conditions of the Agreement of Sale (the "Agreement"), dated as of February 7,
2022.
The selling price for the Property was Seven Hundred Twenty-Two Thousand dollars
($722,000). The Company realized net proceeds of approximately Six Hundred
Thousand dollars ($600,000) after the payment of real estate taxes, brokerage
and legal fees, transfer taxes and other expenses.
The Agreement is incorporated herein by reference. It was Exhibit 10.1 to the
Company's Current Report on Form 8-K filed with the Securities and Exchange
Commission on February 9, 2022.
© Edgar Online, source Glimpses