Lyra Therapeutics terminates two leases, forfeits $1.4M deposits and pays $2.5M in fees

Lyra Therapeutics, Inc.

Watertown lease (22,343 SF): forfeits $302,514.84 LC deposit + pays $1M modification; lease ends May 31, 2026.
Waltham lease (28,858 SF): forfeits $1,089,389 LC deposit + pays $1.5M termination fee; lease ends May 31, 2026.
Contingent: if Sale Transaction closes, Lyra pays 10% of Net Cash up to $1.5M.
Rent obligations ceased Jan 31, 2026 (Watertown) and Mar 31, 2026 (Waltham).

item 1.02

Machine-readable event card

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accession: 0001193125-26-150441
form_type: 8-K
ticker: LYRA
cik: 0001327273
company_name: Lyra Therapeutics, Inc.
filed_at: 2026-04-10T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.140782+00:00
generated_at: 2026-05-15T06:39:45.578421+00:00
sec_items: ["1.02"]
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Source: SEC EDGAR

accession 0001193125-26-150441

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