---
schema_version: "secwatch.filing_event.v1"
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"
generated_at: "2026-05-15T06:39:45.578421+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327273/000119312526150441/0001193125-26-150441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327273/000119312526150441/d345211d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-150441
- JSON: https://secwatch.observer/filing/0001193125-26-150441.json
- Plain text: https://secwatch.observer/filing/0001193125-26-150441.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.