GSI Technology Taiwan extends facility lease in Chu-Pei City through Aug 2026; annual rent ~$226,500

GSI TECHNOLOGY INC

Lease extended through Aug 31, 2026, covering 25,250 sq ft (710.23 pings) in Chu-Pei City, Taiwan.
Annual rent NT$7,056,000 (~US$226,500); monthly NT$588,000 inclusive of tax.
Security deposit NT$1,640,000 (equal to 3 months' rent).
Standard lease terms: no subletting without consent, lessee pays utilities and maintenance.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GSI TECHNOLOGY INC entered into a lease with Tai Yuen Textile Co., Ltd. valued at approximately NT$7,056,000 (approximately US$226,500) (effective 2023-06-29).

Action: entry
Agreement: lease
Counterparty: Tai Yuen Textile Co., Ltd.
Value: approximately NT$7,056,000 (approximately US$226,500)
Effective: 2023-06-29

Exact text from the filing

On June 29, 2023, GSI Technology Taiwan, Inc., a wholly-owned subsidiary of GSI Technology, Inc. (the “Company”), entered into a lease agreement with Tai Yuen Textile Co., Ltd. extending the existing lease of the Company’s 25,250 square foot facility in Chu-Pei City, Taiwan through August 31, 2026. The lease provides for annual rent of approximately NT$7,056,000 (approximately US$226,500).

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Source: SEC EDGAR

accession 0001104659-23-080773

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