Portsmouth Square Inc. Reports Financial Obligation Event
Ticker: PRSI · Form: 8-K · Filed: Jan 10, 2025 · CIK: 79661
| Field | Detail |
|---|---|
| Company | Portsmouth Square Inc (PRSI) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $97 million, $78,640,922, $27,501,893 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-obligation, 8-k, filing
TL;DR
Portsmouth Square Inc. (PPSI) filed an 8-K on Jan 3rd about a financial obligation event.
AI Summary
Portsmouth Square, Inc. filed an 8-K on January 3, 2025, reporting a triggering event that accelerates or increases a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates a potential change in Portsmouth Square's financial obligations, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The filing concerns financial obligations, which inherently carry financial risk for the company.
Key Numbers
- 0000079661 — Central Index Key (Unique identifier for Portsmouth Square Inc.)
- 94-1674111 — IRS Employer Identification No. (Tax identification number for the company.)
Key Players & Entities
- PORTSMOUTH SQUARE INC (company) — Registrant
- January 3, 2025 (date) — Date of earliest event reported
- 0000079661 (company) — Central Index Key
- 11620 WILSHIRE BOULEVARD (address) — Business Address
- LOS ANGELES (location) — City
- CA (location) — State
- 90025 (postal_code) — ZIP Code
- (310) 889-2511 (phone_number) — Business Phone
FAQ
What specific event triggered the acceleration or increase of a direct financial obligation?
The filing states that the triggering event relates to 'Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature of the event in the provided text.
What are the financial statements and exhibits included in this filing?
The filing indicates that 'Financial Statements and Exhibits' are included, but the specific details of these documents are not provided in the excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on January 3, 2025.
What is Portsmouth Square, Inc.'s principal executive office address?
The principal executive offices are located at 1516 S. Bundy Drive, Suite 200, Los Angeles, CA 90025.
What is the SIC code for Portsmouth Square, Inc.?
The Standard Industrial Classification (SIC) code is 6552 for LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES).
Filing Stats: 773 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2025-01-10 06:20:39
Key Financial Figures
- $97 million — f that date. The Notice states that the $97 million principal amount in loans made to Justi
- $78,640,922 — r and mezzanine loans are approximately $78,640,922 and $27,501,893, respectively. ITEM 9
- $27,501,893 — loans are approximately $78,640,922 and $27,501,893, respectively. ITEM 9.01 EXHIBITS
Filing Documents
- form8-k.htm (8-K) — 39KB
- 0001493152-25-001536.txt ( ) — 206KB
- prsi-20250103.xsd (EX-101.SCH) — 3KB
- prsi-20250103_lab.xml (EX-101.LAB) — 33KB
- prsi-20250103_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
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. PORTSMOUTH SQUARE, INC Dated: January 10, 2025 By: /s/ John V. Winfield Chairman of the Board and Chief Executive Officer