Inogen assigns headquarters lease to Sonos, pays $395K; expects new Santa Barbara lease

Inogen Inc

Inogen assigns lease for 301 Coromar Drive, Goleta, CA headquarters to Sonos effective on or before Oct 1, 2023.
Inogen to pay Sonos $395,370.27 as part of assignment; payment due by Aug 1, 2023.
Sonos's rent obligation under lease starts Feb 1, 2024; Inogen remains secondarily liable to landlord.
Inogen expects to enter new lease in Santa Barbara area for relocation of headquarters.
Lease term expires May 31, 2031; Inogen transfers furniture, fixtures, and equipment to Sonos.

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