secwatch.observer — SEC 8-K summary
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Issuer:     Astera Labs, Inc. (ALAB)
CIK:        0001736297
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001736297-24-000069
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Astera Labs signs 90-month lease for 154,231 sq ft San Jose HQ, relocation expected Q2 2025
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- Initial monthly base rent $385,577.50, increasing ~3% annually over 90-month term.
- Construction allowance of $8.48M (expandable to $11.57M) for tenant improvements.
- Relocation from Santa Clara to San Jose, CA targeted during Q2 2025.
- Company has options to extend lease for two additional 60-month terms and right of first refusal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000069/0001736297-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1736297/000173629724000069/alab-20241216.htm
  HTML page:      https://secwatch.observer/filing/0001736297-24-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer