---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-019874"
form_type: "8-K"
ticker: "RFIL"
cik: "0000740664"
company_name: "R F INDUSTRIES LTD"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:09:29.160933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# RF Industries enters lease amendment for $1M TIA and managed services agreement with IWG (Regus)

## Summary
- Third Amendment to Lease adds $1.0M tenant improvement allowance to construct and furnish adjacent office space.
- Monthly base rent increases from ~$139k to ~$152k starting Oct 2023, with scheduled increases through 2032.
- Managed Client Agreement with IWG (Regus) for 39,979 sq ft; IWG to operate flex workspace under Regus brand.
- IWG pays platform fee (10-14% of gross revenue) and 2% management fee; Client receives net revenue.
- Client may terminate if 4th-year net revenue under 60% of $1.053M threshold; construction cost overrun provision.

## SEC filing metadata
- accession: 0001437749-23-019874
- form_type: 8-K
- ticker: RFIL
- cik: 0000740664
- company_name: R F INDUSTRIES LTD
- filed_at: 2023-07-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740664/000143774923019874/0001437749-23-019874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740664/000143774923019874/rfil20230711_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019874
- JSON: https://secwatch.observer/filing/0001437749-23-019874.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019874.txt

## Key facts
- Material Agreements
  R F INDUSTRIES LTD entered into Third Amendment to Lease with Sorrento West Properties, Inc. valued at Amendment provides for an increase in tenant improvements by an additional $1,000,000 and increases (effective 2023-07-11).
  - Action: entry
  - Agreement: lease
  - Counterparty: Sorrento West Properties, Inc.
  - Value: Amendment provides for an increase in tenant improvements by an additional $1,000,000 and increases
  - Effective: 2023-07-11
  source text: On July 11, 2023, RF Industries, Ltd., a Nevada corporation (the “Company”) entered into a Third Amendment to Lease (the “Amendment”) with Sorrento West Properties, Inc., a Delaware corporation (the “Lessor”), amending that certain AIRCRE Standard Industrial/Commercial Single-Tenant Lease - Net, dated as of December 28, 2021, between the Company and Lessor (as amended, the “Lease”), under which the Company leases from Lessor industrial and commercial space located at 16868 Via Del Campo Court, San Diego, California (the “Premises”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/740664/000143774923019874/0001437749-23-019874-index.htm

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