secwatch.observer — SEC 8-K summary
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Issuer:     TELA Bio, Inc. (TELA)
CIK:        0001561921
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001104659-23-110478
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

TELA Bio extends HQ lease to 2030, adds 15,881 sq ft of space
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- Entered Fourth Amendment to Lease for corporate headquarters in Malvern, PA.
- Lease term extended from May 31, 2028 to May 31, 2030.
- Adds 15,881 sq ft from Dec 1, 2023, total leased to 40,606 sq ft; will later reduce by 4,652 sq ft on June 30, 2025.
- Monthly base rent starts at $49,403.97, increases annually; after July 2025 base rent $45,841.35.
- Space houses R&D, controlled environment room, and office operations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561921/000110465923110478/0001104659-23-110478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561921/000110465923110478/tm2328833d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-110478

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer