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