other material
confidence high
sentiment neutral
materiality 0.50
IRADIMED extends headquarters lease by one year to May 2025 in related-party deal
IRADIMED CORP
- Lease term extended to May 31, 2025, with possible month-to-month holdover through Nov 2025.
- Monthly base rent set at $34,133, adjusted annually for CPI; company pays insurance and maintenance.
- Landlord SUSI, LLC is controlled by CEO/President/Chairman Roger Susi, making this a related-party transaction.
- Company waived its second five-year renewal option under the original lease.