D-Wave extends Palo Alto office lease through June 2024 at $19,200/month

D-Wave Quantum Inc.

Second Amendment to Lease extends term of ~6,000 sq ft Palo Alto office from June 2023 to June 2024.
Base rent for the extended period (July 2023 – June 2024) is $19,200 per month.
Lessee granted option to extend lease one additional year to June 2025 at $19,776/month.
No other material changes to Lease; premises accepted 'as-is' with no improvements from Lessor.

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

D-Wave Quantum Inc. amended Second Amendment to Lease with Embarcadero Joint Venture valued at $19,200 per month (effective 2022-09-09).

Action: amendment
Agreement: lease
Counterparty: Embarcadero Joint Venture
Value: $19,200 per month
Effective: 2022-09-09

Exact text from the filing

D-Wave Commercial Inc. (“D-Wave Commercial”), an indirectly, wholly-owned subsidiary of D-Wave Quantum Inc. (“D-Wave”), entered into a Second Amendment (“Second Amendment”) to Lease, dated September 9, 2022, with Embarcadero Joint Venture.

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D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-313758

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