PropertyApr 13, 2026, 04:22 PM
CLEARONE Terminates Lease Early, Pays $300K Settlement
AI Summary
CLEARONE INC entered into a Lease Termination Agreement with Edgewater Corporate Park, LLC, effective April 7, 2026. The agreement terminates the lease for its premises at 5225 Wiley Post Way, Salt Lake City, Utah, which was originally set to expire on April 30, 2028. The company had already vacated the premises on December 17, 2025, and agreed to pay a settlement of $300,000 for future rent obligations and restoration charges.
Key Highlights
- Lease for premises at 5225 Wiley Post Way, Salt Lake City, Utah terminated.
- Original lease term was set to expire on April 30, 2028.
- Tenant permanently vacated the premises on December 17, 2025.
- Settlement Payment of $300,000 made to Landlord.
- Lease termination effective as of March 31, 2026.
Price Impact
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