PropertyAug 13, 2026, 05:00 PM
Amprius Extends Fremont Facility Lease to 2034; $10.5M Obligation
AI Summary
Amprius Technologies, Inc. has entered into a Second Amendment to its Industrial Lease Agreement for its facility located in Fremont, California. This amendment extends the lease term by an additional 84 months, commencing July 1, 2027, and expiring June 30, 2034. The total future lease payments resulting from this extension are estimated to be approximately $10.5 million, with base rent subject to annual escalation. The company also secured two options to further extend the lease for five-year periods each.
Key Highlights
- Amprius Technologies extended its industrial lease for its Fremont, California facility.
- The lease term is extended by 84 months, from July 1, 2027, to June 30, 2034.
- Total future lease payments are expected to be approximately $10.5 million.
- The company has two options to extend the lease for additional five-year periods.
- Base rent will be subject to annual escalation during the extended term.
- The current Letter of Credit of $55,571.57 remains unchanged.
Price Impact
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