Applied Energetics expands Tucson HQ, adds 8,374 sq ft office suite and extends lease through July 2028

APPLIED ENERGETICS, INC.

Executed First Amendment to Lease on June 15, 2023, effective June 7, 2023, expanding footprint to ~21,300 sq ft at UA Tech Park.
New office suite is 8,374 sq ft; monthly rent escalates from $7,435 to $11,031 over five years.
Lease extended through July 31, 2028; option for additional 5,520 sq ft manufacturing space at $2,691/mo initial.
Existing space rent set at $17,825/mo (2026-2027) and $18,271/mo (2027-2028).
Expansion supports anticipated growth in research, development, and production activities.

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

APPLIED ENERGETICS, INC. amended First Amendment to Lease Agreement with Campus Research Corporation (effective 2023-06-07).

Action: amendment
Agreement: lease
Counterparty: Campus Research Corporation
Effective: 2023-06-07

Exact text from the filing

On June 15, 2023, Applied Energetics, Inc. executed the First Amendment to Lease Agreement, effective June 7, 2023, which amended its existing Lease Agreement, dated as of March 15, 2021 (the “ Lease ”), with Campus Research Corporation, an Arizona corporation, as Landlord.

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272 material agreements filed in the last 30 days. Browse all material agreements →

APPLIED ENERGETICS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-051014

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