---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-002259"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:07:14.814025+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma terminates office lease; pays $11.1M fee, saves $2.6M/year

## Summary
- Lease at 11455 El Camino Real, San Diego terminated as of Sept 30, 2024 (original expiry Nov 30, 2029).
- Termination fee of ~$11.1M; savings over lease term of ~$3.7M before fees.
- Annual operating expenses reduced by ~$2.6M; company believes resources sufficient for ≥12 months.

## SEC filing metadata
- accession: 0000929638-24-002259
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000092963824002259/0000929638-24-002259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000092963824002259/mei8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-002259
- JSON: https://secwatch.observer/filing/0000929638-24-002259.json
- Plain text: https://secwatch.observer/filing/0000929638-24-002259.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.