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Get filing alertsMaui Land & Pineapple signs MOU to sell water assets and land to County of Maui
Filed May 19, 2026 · Period ending May 18, 2026 · ~1 min read
Key Changes
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Company entered non-binding agreement with County of Maui to potentially sell or lease West Maui and Upcountry real property plus water infrastructure. Deal includes cash, water credits, and land-use support for housing development.
Item 1.01 view on EDGAR → -
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Assets will be valued by professional appraisals; County has begun budget allocations for purchase. No binding obligation exists and no assurance a final deal will close.
Item 1.01 view on EDGAR → -
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Board sub-committee formed in September 2025 to explore strategic sale of water assets. County selected after negotiations with multiple prospective buyers.
Item 1.01 view on EDGAR →
Summary
Maui Land & Pineapple disclosed a memorandum of understanding with the County of Maui to potentially sell or lease significant real estate and water infrastructure assets in West Maui and Upcountry regions. The deal structure combines monetary consideration with water credits and land-use approvals designed to unlock housing development on the company's remaining landholdings.
This follows a nine-month strategic review process initiated by the board in September 2025. For retail investors, this represents a potential liquidity event and strategic pivot. The water credits and land-use support could materially enhance the value of MLP's remaining real estate portfolio by removing development constraints. However, the MOU is non-binding with no guarantee of completion.
Watch for: (1) disclosure of asset valuation ranges when appraisals complete, (2) County budget approval milestones, and (3) any definitive purchase agreement filing. The mix of cash and non-cash consideration will be critical to understanding actual shareholder value creation versus balance sheet restructuring.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 18, 2026, Maui Land & Pineapple Company, Inc. (the “Company”) entered into a Memorandum of Understanding (the “MOU”) with the County of Maui, a political subdivision of the State of Hawaii, regarding the parties’ mutual intention to negotiate and enter into agreements for the sale or lease of certain real property and water infrastructure assets in West Maui and Upcountry Maui.
The company entered into a non-binding memorandum of understanding with the County of Maui to potentially sell or lease real property and water infrastructure assets in West Maui and Upcountry Maui. The MOU is non-binding and does not obligate either party to complete the transaction, with no assurance that a definitive agreement will be reached.
Added in current filing · verify on EDGAR →
The MOU includes monetary and non-monetary consideration for the Company, including water credits and land use support intended to facilitate the development of much-needed housing on the Company’s West Maui and Upcountry Maui landholdings.
The deal structure includes both cash and non-cash consideration, specifically water credits and land use support to help develop housing on the company's landholdings. Assets are expected to be valued based on professional appraisals, and the County has initiated budget allocations for the potential purchase.
Event · Item 9.01 — Financial Statements and Exhibits
MLP filed an 8-K attaching a County of Maui press release dated May 18, 2026; no material business event disclosed in the filing body.
Added in current filing · verify on EDGAR →
Exhibit | Number | Description | 99.1 County of Maui Press Release dated May 18, 2026.
The company attached a press release from the County of Maui dated May 18, 2026 as Exhibit 99.1. The 8-K body does not describe the content or subject matter of this press release, so the materiality and investor impact cannot be determined from this filing alone.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify