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AI brief of an SEC Form 8-K · Gyrodyne, LLC (GYRO)

Gyrodyne cuts preliminary net assets estimate to $10.75 per share from $12.30

Negative Impact 4 of 5 other Written later

Gyrodyne's CEO told shareholders at the November 5, 2026 annual meeting that the preliminary, unaudited net assets in liquidation estimate fell to approximately $10.75 per share as of September 30, 2026, from $12.30 at June 30, 2026. The decline reflects a shift from the B2K Flowerfield sale, which the company now believes may not close, to a potential sale of the same acreage to New York State, for which no definitive agreement exists.

Key points

  • Preliminary net assets in liquidation estimated at approximately $10.75 per share as of September 30, 2026, a decrease of $1.55 per share, or approximately $3.4 million in aggregate
  • Company is negotiating a potential sale of undeveloped Flowerfield acreage to New York State and a termination of the B2K agreement, but no definitive agreement has been reached with either party
  • Company believes there is a material risk the B2K transaction will not close by the end of 2028, if at all, due to an unresolved visual easement issue
  • Employee headcount reduced from four at the end of 2024 to one full-time employee as of October 2, 2026

The filing

CompanyGyrodyne, LLC (GYRO)
Form8-K, current report
Filed with the SECNov 5, 2026, 12:07 PM ET
Accession number0001437749-26-035148

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.