BBXIB 8-K
BBX Capital, Inc. (BBXIB)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act: None
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| Item 8.01. | Other Events. |
As previously disclosed, during the first quarter of 2022, BBX Capital Real Estate LLC (“BBXRE”), a wholly owned subsidiary of BBX Capital, Inc. (the “Company”), entered into an agreement to sell approximately 119 acres of vacant land located in St. Lucie County, Florida. On December 14, 2022, BBXRE closed on the sale of the land pursuant to the terms of the agreement. In connection with the transaction, the Company received net proceeds of $23.4 million and expects to recognize a net gain on sale of $23.0 million during the three months ending December 31, 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 hereunto duly authorized.
Date: December 15, 2022
| BBX Capital, Inc. | ||
| By: | /s/ Brett Sheppard | |
| Brett Sheppard | ||
| Chief Financial Officer | ||