other material
confidence high
sentiment neutral
materiality 0.40
Solitron Devices extends lease through April 2022, pays reduced rent after January
SOLITRON DEVICES INC
- Replacement Lease Amendment: full premises through Jan 31, 2022; partial through Mar 31 and Apr 30, 2022.
- Rent: $41,291.86 for Jan 2022; $3,000/month for Feb and Mar; $1,500 for Apr 2022.
- Parking rights reduced to 20 spaces (Feb-Mar) and 10 spaces (Apr); air conditioning unit conveyed to landlord.
- Lease extension needed because relocation of manufacturing and HQ delayed beyond original year-end target.