other material
confidence high
sentiment neutral
materiality 0.40
Airgain extends corporate HQ lease to Sept 2031; annual rent $699K starting Jan 2025
AIRGAIN INC
- Lease term extended from Nov 30, 2025 to Sept 30, 2031; no further extension right.
- Annual base rent of $699,051 ($58,254/month) for 12 months from Jan 2025, increasing 3% annually from Jan 2026.
- Rent abatement in effect from Jan 2025 through Oct 2025.
- Company maintains a $55,000 letter of credit as collateral under the amended lease.