Avinger extends HQ lease for one year through Nov 2025; annual rent $1.27M

Avinger Inc

Lease for 19,600 sq ft at 400 Chesapeake Drive extended from Dec 1, 2024 to Nov 30, 2025.
Annual base rent set at $1,272,432 ($106,036/month); $5.41/sq ft monthly rate.
Security deposit of $206,921 remains held by landlord during extended term.
Tenant retains one option to extend lease for an additional one-year term; previous five-year option replaced.
Premises accepted in 'as is' condition; no landlord improvement obligations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Avinger Inc amended Fourth Amendment to Lease with HCP LS Redwood City, LLC valued at $1,272,432 in annual base rent (effective 2024-03-06).

Action: amendment
Agreement: lease
Counterparty: HCP LS Redwood City, LLC
Value: $1,272,432 in annual base rent
Effective: 2024-03-06

Exact text from the filing

On March 6, 2024, we entered into the Fourth Amendment to Lease with the Landlord (the “Fourth Amendment”), which amended the Lease to extend the lease term with respect to the 400 Building for a period of one year.

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Source: SEC EDGAR

accession 0001437749-24-007468

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