secwatch.observer — SEC 8-K summary
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Issuer:     MYOMO, INC. (MYO)
CIK:        0001369290
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000950170-24-096326
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Myomo signs 88-month lease for 36,208 sq ft in Burlington, MA for HQ and manufacturing
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- Lease for approx. 36,208 rentable sq ft at 45 Blue Sky Drive; monthly rent starts at $96,250 and escalates over 8-year term.
- Phase 1 occupancy of 28,708 sq ft expected by Nov 15, 2024; Phase 2 (7,500 sq ft) by June 1, 2025.
- Tenant improvement allowance of $700,000; $375,000 letter of credit cash-collateralized.
- Fixed monthly rent ranges from $96,250 (first year) to $147,849 (year 8); term approx. 88 months.
- One five-year extension option subject to net income and continuous occupancy conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024096326/0000950170-24-096326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1369290/000095017024096326/myo-20240809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-096326

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