secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTPATH TECHNOLOGIES INC (LPTH)
CIK:        0000889971
Form:       8-K
Filed at:   2021-09-27T23:59:59+00:00
Accession:  0001654954-21-010433
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LightPath expands headquarters by ~6,347 sq ft via lease swap, consolidates space
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- Ninth Amendment to Lease increases rentable area from 52,184 to 58,531 sq ft by adding Suite 110 and releasing Suite 130.
- Monthly rent for added Suite 110 starts at $13,262.42 ($15.25/sq ft/yr) on swap date; rent abatement for first two months after EPCD.
- Landlord provides construction allowance of $2,402,424 ($42/sq ft for original, $50/sq ft for expansion premises) for improvements.
- Company will not renew 12,378 sq ft lease at 12501 Research Parkway expiring Nov 2022, consolidating operations at headquarters.
- All other Eighth Amendment terms remain; renewal option applies to expanded premises.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889971/000165495421010433/0001654954-21-010433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889971/000165495421010433/lpth_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-010433

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