secwatch.observer — SEC 8-K summary
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Issuer:     SOLESENCE, INC. (SLSN)
CIK:        0000883107
Form:       8-K
Filed at:   2021-12-09T23:59:59+00:00
Accession:  0001387131-21-011887
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nanophase enters 10-year lease for 222,935 sq ft; initial monthly rent ~$94,747 with six-month abatement
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- Lease term from Dec 31, 2021 to May 31, 2032; Premises expandable to 260,890 sq ft on Nov 1, 2022.
- Initial base rent $94,747/mo abated entirely Dec 2021–May 2022; after expansion $110,878/mo with 2.75% annual increases.
- Security deposit of $500,000 in letter of credit, reducible by 50% after 60th rental payment.
- Premises initially for Solésence filling/assembly and company-wide warehousing; additional operations may migrate.
- Tenant pays proportionate share of operating expenses, taxes, and utilities; late fee 5% of overdue rent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883107/000138713121011887/0001387131-21-011887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883107/000138713121011887/nanx-8k_120821.htm
  HTML page:      https://secwatch.observer/filing/0001387131-21-011887

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