secwatch.observer — SEC 8-K summary
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Issuer:     Vivani Medical, Inc. (VANI)
CIK:        0001266806
Form:       8-K
Filed at:   2022-11-28T23:59:59+00:00
Accession:  0001753926-22-001508
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vivani Medical enters 124-month lease for new HQ in Alameda, CA; annual rent starts at $2.68M
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- 124-month lease for 43,645 sq ft at 1350 South Loop Road, Alameda, CA, commencing June 1, 2023.
- Base rent escalates from $2,676,311/year (first year) to $3,596,784/year (final year).
- Rent abatement for first 4 months totaling $892,104.
- Security deposit of $1,338,156, reducible after 3 and 5 years.
- Lease includes option to extend and tenant improvement allowance of $120/sq ft.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1266806/000175392622001508/0001753926-22-001508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1266806/000175392622001508/g083273_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-22-001508

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