Astera Labs Signs Material Definitive Agreement
Ticker: ALAB · Form: 8-K · Filed: Dec 20, 2024 · CIK: 1736297
| Field | Detail |
|---|---|
| Company | Astera Labs, INC. (ALAB) |
| Form Type | 8-K |
| Filed Date | Dec 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $385,577.50, $8,482,705, $11,567,325 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, new-contract
TL;DR
Astera Labs just signed a big deal, details TBD.
AI Summary
Astera Labs, Inc. entered into a Material Definitive Agreement on December 16, 2024. The filing does not disclose the specific details of this agreement, only that it is a significant contract for the company. Further information regarding the nature and terms of this agreement is not provided in this initial 8-K filing.
Why It Matters
This filing indicates a significant new contract for Astera Labs, which could impact future revenue and strategic partnerships. Investors will be looking for details on the agreement's terms and implications.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty, requiring further information to assess its impact.
Key Players & Entities
- Astera Labs, Inc. (company) — Registrant
- December 16, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-41979 (file_number) — SEC File Number
- 82-3437062 (tax_id) — IRS Employer Identification No.
- 2901 Tasman Drive , Suite 205 Santa Clara , CA 95054 (address) — Address of principal executive offices
- ( 408 ) 766-3806 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Astera Labs, Inc.?
The filing does not specify the nature of the Material Definitive Agreement, only that one was entered into on December 16, 2024.
When did Astera Labs, Inc. enter into this Material Definitive Agreement?
The earliest event reported, which is the entry into the Material Definitive Agreement, occurred on December 16, 2024.
What is the filing date of this 8-K report?
This 8-K report was filed on December 20, 2024.
Where is Astera Labs, Inc. headquartered?
Astera Labs, Inc.'s principal executive offices are located at 2901 Tasman Drive, Suite 205, Santa Clara, CA 95054.
What is the SEC file number for Astera Labs, Inc.?
The SEC file number for Astera Labs, Inc. is 001-41979.
Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-12-20 16:11:05
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share ALAB Nasdaq Global Select Mar
- $385,577.50 — due under the Lease initially shall be $385,577.50 per month for the first year beginning
- $8,482,705 — truction allowance (the "Allowance") of $8,482,705.00, with the Company's right, to increa
- $11,567,325 — 's right, to increase such Allowance to $11,567,325.00, to be applied to the construction c
Filing Documents
- alab-20241216.htm (8-K) — 35KB
- 0001736297-24-000069.txt ( ) — 163KB
- alab-20241216.xsd (EX-101.SCH) — 2KB
- alab-20241216_lab.xml (EX-101.LAB) — 23KB
- alab-20241216_pre.xml (EX-101.PRE) — 13KB
- alab-20241216_htm.xml (XML) — 3KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On December 16, 2024, Astera Labs, Inc. (the "Company") entered into a lease agreement (the "Lease Agreement") with SI 37, LLC (the "Landlord") pursuant to which the Company will lease in the aggregate approximately 154,231 square feet of office space located at 2345, 2315 and 2343 N. First Street, San Jose, California (collectively, the "Premises"). The Company plans to relocate its corporate headquarters to the Premises, once construction is complete and the lease in its current office space expires, estimated to occur during the second quarter of 2025. The term of the Lease will commence on the later of (1) April 1, 2025, or (2) the date on which the improvements to the Premises are, or are deemed to be, substantially completed (the "Commencement Date"). The Company's obligation for the payment of rent begins on the Commencement Date (the "Rent Commencement Date"). The Lease has an initial term of ninety (90) months, measured from the Commencement Date (the "Initial Term"). The monthly base rent due under the Lease initially shall be $385,577.50 per month for the first year beginning from the Rent Commencement Date and is scheduled to increase by approximately 3% per annum for each subsequent year of the Initial Term. The Company has the option to extend the Lease for up to two (2) consecutive terms of sixty (60) months each, subject to the terms therein. Additionally, the Company also has the right of first refusal and the option to expand the Premises to include all of the remainder of the building located at 2315 N. First Street, San Jose, California, subject to the terms therein. The Lease also provides for a construction allowance (the "Allowance") of $8,482,705.00, with the Company's right, to increase such Allowance to $11,567,325.00, to be applied to the construction costs of the Premises. The Landlord has the right to terminate the Lease upon customary events of default. The foregoing summary of
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 20, 2024 Astera Labs, Inc. By: /s/ Philip Mazzara Name: Philip Mazzara Title: General Counsel and Secretary