---
schema_version: "secwatch.filing_event.v1"
accession: "0001376474-24-000647"
form_type: "8-K/A"
ticker: "NVEC"
cik: "0000724910"
company_name: "NVE CORP /NEW/"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T04:05:49.009238+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# NVE extends office/manufacturing lease to May 2031 with escalating rent

## Summary
- Lease extended 62 months, new expiration May 31, 2031 (originally March 31, 2026).
- Monthly base rent rises from $15,416.24 to $17,214.21 on April 1, 2026, with annual increases.
- Free base rent granted for April and May 2026.
- $100,000 improvement allowance from landlord, subject to conditions and completion deadlines.
- Tenant has option to extend lease five more years; must exercise by June 30, 2025.

## SEC filing metadata
- accession: 0001376474-24-000647
- form_type: 8-K/A
- ticker: NVEC
- cik: 0000724910
- company_name: NVE CORP /NEW/
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/724910/000137647424000647/0001376474-24-000647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/724910/000137647424000647/nvec-19981001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001376474-24-000647
- JSON: https://secwatch.observer/filing/0001376474-24-000647.json
- Plain text: https://secwatch.observer/filing/0001376474-24-000647.txt

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