secwatch.observer — SEC 8-K summary
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Issuer:     CORCEPT THERAPEUTICS INC (CORT)
CIK:        0001088856
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001193125-24-098492
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corcept subleases 50,632 sq ft in Redwood City from Zuora for six years
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- Sublease with Zuora for ~50,632 rentable sq ft at 101 Redwood Shores Pkwy, Redwood City.
- Base rent avg $1.4M/yr plus $240K/yr shared amenities; term July 1, 2024 to June 30, 2030.
- Corcept has right to sublease additional space under certain circumstances.
- Sublease creates a direct financial obligation but no new debt or financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1088856/000119312524098492/0001193125-24-098492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1088856/000119312524098492/d827422d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-098492

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