secwatch / observer
8-K filed December 22, 2022, 6:59 PM ET ticker MCHX CIK 0001224133
other material confidence high sentiment neutral materiality 0.30

MARCHEX INC (MCHX): debt financing — Marchex enters sublease for Seattle office space; total rent ~$1.77M through Sep 2027

MARCHEX INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

MARCHEX INC incurred lease obligation of approximately $1,767,000 with Nelson Worldwide, LLC maturing April 1, 2023 through September 30, 2027.

Instrument
lease obligation
Principal
approximately $1,767,000
Counterparty
Nelson Worldwide, LLC
Maturity
April 1, 2023 through September 30, 2027
Event
incurrence
Exact text from the filing
On December 20, 2022, Marchex, Inc., a Delaware corporation (the “ Company ” and “ Marchex ”) entered into a Sublease Agreement with Nelson Worldwide, LLC, a Pennsylvania limited liability company (the “ Sublease ”) with respect to the Company’s rental of office space located at 1200 5 th Avenue, Suite 1300, Seattle, Washington. The term of the Sublease is April 1, 2023 through September 30, 2027 (the “Term”) and is for 12,300 square feet. Under the Sublease, the Company is obligated to pay fixed monthly rent over the Term totaling approximately $1,767,000 with an initial rate of $28 per square foot increasing annually to $34 per square foot.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MARCHEX INC entered into Sublease Agreement with Nelson Worldwide, LLC valued at approximately $1,767,000 (effective 2022-12-20).

Action
entry
Agreement
lease
Counterparty
Nelson Worldwide, LLC
Value
approximately $1,767,000
Effective
2022-12-20
Exact text from the filing
On December 20, 2022, Marchex, Inc., a Delaware corporation (the “ Company ” and “ Marchex ”) entered into a Sublease Agreement with Nelson Worldwide, LLC, a Pennsylvania limited liability company (the “ Sublease ”) with respect to the Company’s rental of office space located at 1200 5 th Avenue, Suite 1300, Seattle, Washington.
View on SEC.gov

88 debt financings filed in the last 30 days. Browse all debt financings →

MARCHEX INC filing history →

Source: SEC EDGAR
accession 0001564590-22-039621
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