Marchex terminates Seattle office lease; will make $671k payment by March 31, 2023.

MARCHEX INC

Exercised lease termination option for Seattle office at 520 Pike Street, Suite 2000, effective March 31, 2023.
Required termination payment of $670,984.38 to landlord due by Termination Date.
Lease would have otherwise terminated on March 31, 2025; early termination due to excess space not fitting current needs.
Company intends to procure alternative office space in Seattle area before March 31, 2023.

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