New Era SEC filings for TCDC Grow Odessa land purchases and March 2026 deed amendments

Original source: https://www.sec.gov/Archives/edgar/data/2028336/000121390026037454/ea0284116-8k_newera.htm; https://www.sec.gov/Archives/edgar/data/2028336/000121390025068761/ea0250434-8k_newera.htm

Source date: 2026-03-31
Retrieved: 2026-07-30T03:48:40Z
Source class: regulator filing

What this source can establish

TCDC bought 235 acres from Odessa Industrial Development Corporation d/b/a Grow Odessa with July 25, 2025 closing and later amended the 235-acre and 205.13-acre special warranty deeds in March 2026.
Original deed prices used in the repurchase provisions: $1,527,500 for 235 acres and $5,128,250 for 205.13 acres, totaling $6,655,750 for 440.13 acres.
March 2026 consideration paid/to be paid to narrow repurchase rights: $4,347,500, consisting of $1,000,000 cash and $3,347,500 promissory note at 3.7% interest, maturity July 20, 2026.
Grow Odessa retained a narrowed repurchase/reversion trigger if first-phase foundation construction is not initiated within 24 months after recording of deed amendments, with repurchase by refunding 80% of purchase price and protections for good-faith mortgages/liens.

County-recorded dates of deed amendments or current title status.
Whether foundation pouring has begun or whether a reversion/repurchase notice has been given.
Whether the July 20, 2026 Grow Odessa note was paid after the latest cited SEC evidence.

Purchase agreement was redacted; deed amendment text is filed exhibit evidence, not title-record verification.
County title/UCC records were not accessed in this bounded pass.