---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-032992"
form_type: "8-K"
ticker: "LYRA"
cik: "0001327273"
company_name: "Lyra Therapeutics, Inc."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:06:49.267912+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Lyra Therapeutics extends office lease through April 2027, modifies rent and abatements

## Summary
- Lease term extended from April 30, 2024 to April 30, 2027.
- Base rent from May 1, 2024 set at $95.67/sq ft/year (~22,343 sq ft), with 3% annual increases.
- Rent abatements for May 2024 and May 2025 (one month each).
- Tenant's early termination right (Sixth Amendment Section 4) revoked.
- Landlord responsible for building system repairs for 30 days after Extension Commencement Date.

## SEC filing metadata
- accession: 0000950170-23-032992
- form_type: 8-K
- ticker: LYRA
- cik: 0001327273
- company_name: Lyra Therapeutics, Inc.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327273/000095017023032992/0000950170-23-032992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327273/000095017023032992/lyra-20230712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-032992
- JSON: https://secwatch.observer/filing/0000950170-23-032992.json
- Plain text: https://secwatch.observer/filing/0000950170-23-032992.txt

## Key facts
- Material Agreements
  Lyra Therapeutics, Inc. amended Seventh Amendment to Lease with ARE-480 Arsenal Street, LLC valued at $95.67 per rentable square foot of the Premises per year (effective 2023-07-12).
  - Action: amendment
  - Agreement: lease
  - Counterparty: ARE-480 Arsenal Street, LLC
  - Value: $95.67 per rentable square foot of the Premises per year
  - Effective: 2023-07-12
  source text: On July 12, 2023, Lyra Therapeutics, Inc. (the “ Company ”) entered into the Seventh Amendment to Lease (the “ Seventh Amendment ”) with ARE-480 Arsenal Street, LLC, a Delaware limited liability company (the “ Landlord ”), which amends the Lease Agreement, dated August 14, 2007, by and between the Company and the Landlord (as amended, the “ Lease ”), pursuant to which the Company leases approximately 22,343 rentable square feet of office space located in Suites 200 and 200A of 480 Arsenal Street, Watertown, Massachusetts (the “ Premises ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327273/000095017023032992/0000950170-23-032992-index.htm

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