secwatch.observer — SEC 8-K summary
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Issuer:     NVE CORP /NEW/ (NVEC)
CIK:        0000724910
Form:       8-K/A
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001376474-24-000647
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000647/0001376474-24-000647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/724910/000137647424000647/nvec-19981001.htm
  HTML page:      https://secwatch.observer/filing/0001376474-24-000647

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