other material
confidence high
sentiment neutral
materiality 0.30
Butterfly Network corrects signature on 8-K; lease for new HQ in Burlington detailed
Butterfly Network, Inc.
- Amendment only fixes missing signature on May 2021 8-K; no change to original disclosure.
- Butterfly Network leases entire 61,138 sq ft building at 1600 District Avenue, Burlington as new principal office.
- Initial term of 10 years 8 months with two 5-year extension options.
- Rent: free for first 8 months; reduced rent for months 9-20; full base rent $213,983/month from month 21.
- Security deposit of $4M in letter of credit; early termination right after 92nd month.