QuantumScape terminates San Jose lease, saves $18.7M in future payments

QuantumScape Corp

Lease for 80,641 sq ft in San Jose terminated effective Aug 1, 2025.
Termination fee of $1.1M and brokerage fee of $1.2M to be paid.
Eliminates approximately $18.7M in remaining minimum lease obligations.
Reduced footprint aligns with company's shift to technology licensing focus.
QuantumScape continues to lease other properties from same landlord affiliate.

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