Kingstone Companies Files 8-K with Material Agreement
Ticker: KINS · Form: 8-K · Filed: Feb 7, 2025 · CIK: 33992
Sentiment: neutral
Topics: material-agreement, filing, regulation-fd
TL;DR
KINGSTONE COMPANIES, INC. filed an 8-K on Feb 7, 2025, reporting a material definitive agreement on Feb 5, 2025.
AI Summary
On February 5, 2025, KINGSTONE COMPANIES, INC. entered into a Material Definitive Agreement. The company also issued a Regulation FD Disclosure and filed Financial Statements and Exhibits as part of this 8-K filing. The filing was made on February 7, 2025.
Why It Matters
This 8-K filing indicates a significant event for Kingstone Companies, Inc., potentially impacting its business operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.
Key Numbers
- 0000033992 — Central Index Key (Unique identifier for KINGSTONE COMPANIES, INC.)
- 36-2476480 — IRS Number (Employer Identification Number)
Key Players & Entities
- KINGSTONE COMPANIES, INC. (company) — Registrant
- February 5, 2025 (date) — Date of earliest event reported
- February 7, 2025 (date) — Filing date
- 15 Joys Lane, Kingston, New York 12401 (address) — Principal executive offices
- 000-01665 (filing_number) — SEC File Number
FAQ
What is the nature of the Material Definitive Agreement?
The filing does not specify the details of the Material Definitive Agreement, only that one was entered into on February 5, 2025.
What other items are included in this 8-K filing?
This 8-K filing also includes a Regulation FD Disclosure and Financial Statements and Exhibits.
When was this 8-K report filed with the SEC?
The 8-K report was filed on February 7, 2025.
What is KINGSTONE COMPANIES, INC.'s principal executive office address?
The principal executive offices are located at 15 Joys Lane, Kingston, New York 12401.
Has KINGSTONE COMPANIES, INC. changed its name previously?
Yes, the company was formerly known as DCAP GROUP INC and EXTECH CORP, with name changes occurring in 2005 and 1992 respectively.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2025-02-07 17:13:22
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share KINS NASDAQ Cap
- $3,600,000 — The purchase price for the Property is $3,600,000. The closing of the sale is anticipated
Filing Documents
- kins8k2525.htm (8-K) — 26KB
- ex10_1.htm (EX-10.1) — 10KB
- ex99_1.htm (EX-99.1) — 1KB
- ex101_1.jpg (GRAPHIC) — 483KB
- ex101_2.jpg (GRAPHIC) — 634KB
- ex101_3.jpg (GRAPHIC) — 730KB
- ex101_4.jpg (GRAPHIC) — 682KB
- ex101_5.jpg (GRAPHIC) — 559KB
- ex101_6.jpg (GRAPHIC) — 628KB
- ex101_7.jpg (GRAPHIC) — 710KB
- ex101_8.jpg (GRAPHIC) — 594KB
- ex101_9.jpg (GRAPHIC) — 550KB
- ex101_10.jpg (GRAPHIC) — 619KB
- ex101_11.jpg (GRAPHIC) — 597KB
- ex101_12.jpg (GRAPHIC) — 599KB
- ex101_13.jpg (GRAPHIC) — 689KB
- ex101_14.jpg (GRAPHIC) — 635KB
- ex101_15.jpg (GRAPHIC) — 852KB
- ex101_16.jpg (GRAPHIC) — 314KB
- ex101_17.jpg (GRAPHIC) — 264KB
- ex101_18.jpg (GRAPHIC) — 362KB
- ex101_19.jpg (GRAPHIC) — 515KB
- ex101_20.jpg (GRAPHIC) — 154KB
- ex101_21.jpg (GRAPHIC) — 519KB
- ex101_22.jpg (GRAPHIC) — 256KB
- ex101_23.jpg (GRAPHIC) — 281KB
- ex101_24.jpg (GRAPHIC) — 284KB
- kinspr_1.jpg (GRAPHIC) — 867KB
- kinspr_2.jpg (GRAPHIC) — 450KB
- 0001021771-25-000029.txt ( ) — 19215KB
- kins-20250205.xsd (EX-101.SCH) — 4KB
- kins-20250205_lab.xml (EX-101.LAB) — 21KB
- kins-20250205_pre.xml (EX-101.PRE) — 16KB
- kins8k2525_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement . On February 5, 2025, a subsidiary of Kingstone Companies, Inc. (the "Company") entered into a contract of sale with Ulster County, New York (the "County") for the sale to the County of the Company's headquarters building in Kingston, New York, along with an adjacent mixed-use property (collectively, the "Property") (the "Contract of Sale"). The purchase price for the Property is $3,600,000. The closing of the sale is anticipated to take place in February or March 2025, subject to the satisfaction of the conditions to the closing. The foregoing description of the Contract of Sale does not purport to be complete and is qualified in its entirety by reference to the full text of the Contract of Sale which is filed as Exhibit 10.1 hereto. On February 5, 2025, the Company issued a press release with regard to the sale (the "Press Release"). A copy of the Press Release is furnished as Exhibit 99.1 hereto.
01
Item 7.01 Regulation FD Disclosure . See Item 1.01 above. The information in the Press Release is being furnished, not filed, pursuant to this Item 7.01. Accordingly, the information in the Press Release will not be incorporated by reference into any registration statement filed by the Company under the Securities Act unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this Current Report on Form 8-K with respect to the Press Release is not intended to, and does not, constitute a determination or admission by the Company that the information in this Report with respect to the Press Release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company.
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits: 10.1 Contract of Sale, dated February 7, 2025, between 15 Joys Lane, LLC and The County of Ulster. 99.1 Press release, dated February 5, 2025, issued by Kingstone Companies, Inc. 104 Cover Page Interactive Data File (embedded within the inline XBRL document).
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. KINGSTONE COMPANIES, INC. Dated: February 5, 2025 By: /s/ Meryl Golden Meryl Golden President and CEO