other material
confidence high
sentiment neutral
materiality 0.40
Dropbox pays $32M termination fee to partially end office lease and third-party sublease
DROPBOX, INC.
- On Dec 16, 2021, Dropbox amended its lease with KRE Exchange Owner LLC to partially terminate a subleased portion.
- Dropbox paid a $32 million termination fee to landlord on Dec 17, 2021.
- On Dec 17, 2021, the sublease with the third-party subtenant was also terminated.