other material
confidence high
sentiment neutral
materiality 0.55
Datavault AI signs 60-month lease for 23,037 sq ft office at One Commerce Square, Philadelphia
Datavault AI Inc.
- Lease for Suite 2400 on the 24th floor; initial term 60 months starting November 6, 2025.
- Monthly fixed rent $47,993.75 in Rent Period 1, increasing ~2.5% per period to $52,985.10 in Rent Period 5.
- Tenant also pays its 2.44% share of operating expenses and utility costs as Additional Rent.
- Security deposit amount redacted; landlord may apply it to tenant defaults without interest.
- Lease is a material definitive agreement; no other financial terms beyond rent disclosed.