MicroVision subsidiary enters into lease for 60,000 sq ft Hamburg office space with 5-year term

MICROVISION, INC.

Approximately 5,500 sq meter (60,000 sq ft) office and testing space in Hamburg, Germany.
Initial 5-year term commencing between Aug 1, 2024 and Dec 31, 2024; two 3-year extension options.
First-year monthly base rent ~$117,000; annual market adjustments thereafter; ~$1M security deposit.
Lease replaces existing subsidiary office spaces upon expiration of current leases.

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

MICROVISION, INC. entered into Lease Agreement Concerning Office Premises with Victoria Immo Properties I S.à r.l. valued at Five-year initial term, monthly base rent approximately $117,000 first year, security deposit approx (effective 2023-12-15).

Action: entry
Agreement: lease
Counterparty: Victoria Immo Properties I S.à r.l.
Value: Five-year initial term, monthly base rent approximately $117,000 first year, security deposit approx
Effective: 2023-12-15

Exact text from the filing

On December 15, 2023, MicroVision GmbH (the “Subsidiary Company”), a wholly-owned subsidiary of MicroVision, Inc., entered into a Lease Agreement Concerning Office Premises (the “Lease”) with Victoria Immo Properties I S.à r.l. (the “Landlord”), pursuant to which the Subsidiary Company will lease approximately 5,500 square meters (or approximately 60,000 square feet) of space located in Hamburg, Germany (the “Premises”) that it will use primarily for general office space and product testing.

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MICROVISION, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-045730

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