secwatch.observer — SEC 8-K summary
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Issuer:     PubMatic, Inc. (PUBM)
CIK:        0001422930
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001422930-21-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

PubMatic enters sublease for 34,229 sq ft in Redwood City with aggregate base rent ~$23M through 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1422930/000142293021000047/0001422930-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1422930/000142293021000047/pubm-20211020.htm
  HTML page:      https://secwatch.observer/filing/0001422930-21-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer