other material
confidence high
sentiment neutral
materiality 0.50
PubMatic enters sublease for 34,229 sq ft in Redwood City with aggregate base rent ~$23M through 2028
PubMatic, Inc.
- Sublease with Chan Zuckerberg Initiative for office space at 601 Marshall Street, Redwood City, CA.
- Sublease term commences 60 days after landlord consent, ends March 31, 2028.
- Aggregate base rent approximately $23 million over the term.
- Company must provide initial letter of credit of $3,453,706, subject to reduction.
- Space will support G&A, sales, marketing, tech, engineering, and customer support.