other material
confidence high
sentiment neutral
materiality 0.50
Corrected filing: Applied Energetics lease amendment extends term to July 2028 and adds expansion space
APPLIED ENERGETICS, INC.
- Lease term extended from Apr 2026 to Jul 31, 2028; base rent for existing space set at $17,825/mo (2026-27) and $18,271/mo (2027-28).
- Expansion Space 1 (Suite 1750, 9,805 RSF) added Aug 2023–Jul 2028; monthly rent ranges $7,435 to $11,031.
- Exclusive option for Expansion Space 2 (Suite 1250, 6,458 RSF) expires Feb 2024 (extendable to Jul 2024); rent $4,844/mo initially.
- Tenant improvement allowance of $129,160 for Expansion Space 2, payable by Landlord upon Tenant's compliance.