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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):
 
November 3, 2022
 
CVD EQUIPMENT CORPORATION

(Exact Name of Registrant as Specified in Its Charter)
 
New York
 
1-16525
 
11-2621692
(State or Other Jurisdiction of
Incorporation or Organization)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
355 South Technology Drive
Central Islip, New York
 
11722
(Address of Principal Executive Offices)
 
(Zip Code)
 
Registrant’s Telephone Number, Including Area Code: (631) 981-7081

(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities Registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
CVV
NASDAQ Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 

 
Item 1.01. Entry into a Material Definitive Agreement.
 
Amendments to the Agreement of Purchase and Sale dated September 21, 2022:
 
As previously reported by CVD Equipment Corporation (the “Company”) in a Current Report on Form 8-K filed with the Securities and Exchange Commission on September 27, 2022, on September 22, 2022 the Company entered into an Agreement of Purchase and Sale (the “Purchase Agreement”) with 355 Technology Drive Owner LLC (the “Purchaser”), in connection with a “sale-leaseback” transaction of its headquarters facility located at 355 South Technology Drive, Central Islip, NY, as more fully described in the Purchase Agreement, for a purchase price of $28,500,000.
 
The Purchaser originally had thirty (30) business days from date of the Purchase Agreement to complete its due diligence (the “Due Diligence Period”), during which time the Purchaser retained the right to cancel the Purchase Agreement.
 
On November 3, 2022, the Company and the Purchaser executed an amendment to the Purchase Agreement (the “Second Amendment”), pursuant to which the parties extended the Due Diligence Period to 5:00 pm Eastern Time on November 4, 2022. Except as set forth in the Second Amendment, all other terms, conditions, and provisions of the Purchase Agreement, including the original closing date, remained in full force and effect.
 
On November 4, 2022, the Company and the Purchaser executed an additional amendment to the Purchase Agreement (the “Third Amendment”), pursuant to which the parties extended the Due Diligence Period to 5:00 pm Eastern Time on November 11, 2022. Except as set forth in the Third Amendment, all other terms, conditions, and provisions of the Purchase Agreement, including the original closing date, remain in full force and effect.
 
The foregoing summary of the material terms of the Second Amendment and Third Amendment are qualified entirely by reference to the full text of the Second Amendment and Third Amendment, copies of which will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022.
 
 

 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
Date:  November 8, 2022
 
CVD EQUIPMENT CORPORATION
 
       
 
By:
/s/ Richard Catalano
 
 
Name:
Richard Catalano
 
 
Title: 
Vice President, Chief Financial Officer,
Secretary and Treasurer