secwatch.observer — SEC 8-K summary
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Issuer:     Lyra Therapeutics, Inc. (LYRA)
CIK:        0001327273
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001193125-26-150441
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327273/000119312526150441/0001193125-26-150441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327273/000119312526150441/d345211d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-150441

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