Tivic Health subsidiary Velocity Bioworks signs three facility leases totalling ~$11.6M base rent

Valion Bio, Inc.

Microbial Building Lease: 8,024 sq ft, 8-year term, $5.34M aggregate base rent; option to purchase for $12.5M within first 24 months.
Mammalian Building Lease: 20,144 sq ft, 102-month term, $6.29M aggregate base rent; monthly rent $55,030 with 3% annual escalations.
Office Sublease: 8,122 sq ft, 110-month term; monthly base rent starts at $31,045 with 3% annual increases.
All leases are at 1305 E. Houston St., San Antonio, TX; office sublease will become new principal executive office.
Security deposit for Microbial Building: $350,000 letter of credit; VBI also pays share of operating expenses and taxes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Valion Bio, Inc. entered into Office Sublease with Texas Research and Technology Foundation valued at Monthly base rent starting at $31,044.94 with annual increases of approximately 3.0% (effective 2026-03-13).

Action: entry
Agreement: lease
Counterparty: Texas Research and Technology Foundation
Value: Monthly base rent starting at $31,044.94 with annual increases of approximately 3.0%
Effective: 2026-03-13

Exact text from the filing

On March 13, 2026, VBI entered into a Sublease (the “Office Sublease” and together with the Microbial Building Lease and the Mammalian Building Lease, the “Facility Leases”) with Texas Research and Technology Foundation (“TRTF”) to sublease approximately 8,122 square feet of office space located at the Property, which Office Sublease was consented to by TPB, as landlord of the leased premises, and is subject to the terms of that certain Office Lease Agreement, dated June 1, 2024, by and between TRTF and TPB.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Valion Bio, Inc. entered into Microbial Building Lease with TPB Merchants Ice LLC valued at Monthly base rent of approximately $22,605 for first twelve months, aggregate base rent over eight-y (effective 2026-03-13).

Action: entry
Agreement: lease
Counterparty: TPB Merchants Ice LLC
Value: Monthly base rent of approximately $22,605 for first twelve months, aggregate base rent over eight-y
Effective: 2026-03-13

Exact text from the filing

On March 13, 2026, Tivic Health Systems, Inc.’s (the “Company”) wholly owned subsidiary Velocity Bioworks, Inc. (“VBI”) entered into a Building Lease Agreement (the “Microbial Building Lease”) with TPB Merchants Ice LLC (“TPB”) to lease an approximately 8,024 square foot facility (the “Microbial Building”) located at 1305 E. Houston St., San Antonio, TX 78205 (the “Property”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Valion Bio, Inc. entered into Mammalian Building Lease with Merchants Ice II, LLC valued at Monthly base rent of $55,029.73 for first twelve months, aggregate base rent over lease term approxi (effective 2026-01-01).

Action: entry
Agreement: lease
Counterparty: Merchants Ice II, LLC
Value: Monthly base rent of $55,029.73 for first twelve months, aggregate base rent over lease term approxi
Effective: 2026-01-01

Exact text from the filing

On March 9, 2026, VBI entered into a Lease (the “Mammalian Building Lease”) with Merchants Ice II, LLC (“Merchants Ice II”) to lease an approximately 20,144 square foot facility located at the Property.

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314 material agreements filed in the last 30 days. Browse all material agreements →

Valion Bio, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-001781

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