PetVivo leases 14,073 sq ft Edina facility for Spryng manufacturing; move-in August 2023

PetVivo Holdings, Inc.

Lease commences April 1, 2023, initial term 10 years 3 months with 5-year renewal option.
Monthly base rent starts at ~$8,420 (after 3-month abatement), rising to ~$10,578 over initial term.
Security deposit of $14,600; landlord provides $62,940 improvement allowance.
Facility will have multiple clean rooms for large-scale production of Spryng with OsteoCushion Technology.
Company plans to relocate all production to the new facility starting August 2023.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

PetVivo Holdings, Inc. entered into Lease with Dewey AL L.L.C. and Dewey MS L.L.C. (effective 2023-01-10).

Action: entry
Agreement: lease
Counterparty: Dewey AL L.L.C. and Dewey MS L.L.C.
Effective: 2023-01-10

Exact text from the filing

On January 10, 2023, PetVivo Holdings, Inc. (the “Company”) entered into a lease agreement (the “Lease”) with Dewey AL L.L.C. and Dewey MS L.L.C., each a Minnesota limited liability company (collectively, as tenants in common, the “Landlord”), for certain property located in Suite D of the building located at 5555 West 78 th Street, Edina, Minnesota (the “Building”), that will include a new manufacturing facility, shared dock space and administrative offices having approximately 14,073 square feet (the “Facility”).

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Source: SEC EDGAR

accession 0001493152-23-001400

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