Ambarella Inc. Signs Material Definitive Agreement

TL;DR

AMBA signed a big deal, details TBD.

AI Summary

On December 20, 2024, Ambarella Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but indicates it is a significant event requiring immediate disclosure.

Why It Matters

This filing signals a significant new business relationship or transaction for Ambarella, which could impact its future revenue and strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.

Key Players & Entities

• Ambarella Inc. (company) — Registrant
• December 20, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.00045 — on which registered Ordinary Shares, $0.00045 par value AMBA The Nasdaq Global Se
• $144,677 — tion for the Facility initially will be $144,677.50, increasing annually to $183,273.13
• $183,273.13 — be $144,677.50, increasing annually to $183,273.13 in 2033. The Subsidiary will provide an
• $434,033 — provide an initial security deposit of $434,033, subject to reduction to $183,273 begin
• $183,273 b — it of $434,033, subject to reduction to $183,273 beginning in 2028 based upon the achievem

Filing Documents

• d825661d8k.htm (8-K) — 22KB
• 0001193125-24-285963.txt ( ) — 137KB
• amba-20241220.xsd (EX-101.SCH) — 3KB
• amba-20241220_lab.xml (EX-101.LAB) — 17KB
• amba-20241220_pre.xml (EX-101.PRE) — 11KB
• d825661d8k_htm.xml (XML) — 3KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 December 20, 2024 Date of Report (date of earliest event reported) AMBARELLA, INC. (Exact name of Registrant as specified in its charter) Cayman Islands 001-35667 98-0459628 (State or other jurisdiction of incorporation) (Commission File Number) (I. R. S. Employer Identification No.) 3101 Jay Street Santa Clara , CA 95054 (Address of principal executive offices) Registrant's telephone number, including area code: (408) 734-8888 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, $0.00045 par value AMBA The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item1.01 Entry into a Material Definitive Agreement On December 20, 2024, Ambarella Corporation (the "Subsidiary"), a wholly-owned subsidiary of Ambarella, Inc. (the "Company"), entered into a Lease Agreement (the "Lease") with The Quad Santa Clara, LLC ("Landlord"), pursuant to which the Subsidiary will lease from Landlord approximately 57,871 rentable square feet of office space (the "Facility") located at 3001 Tasman Drive, Santa Clara, California. The Facility will serve as the new executive offices of the Company. The Lease has an initial term of 104 months, commencing upon the completion of certain improvements to the Facility, which are anticipated to be completed by September 1, 2025, subject to the Subsidiary's option to renew for five additional years. The Subsidiary's monthly basic rent obligation for the Facility initially will be $144,677.50, increasing annually to $183,273.13 in 2033. The Subsidiary will provide an initial security deposit of $434,033, subject to reduction to $183,273 beginning in 2028 based upon the achievement of certain financial metrics. The Subsidiary is also obligated to pay its proportionate share of certain expenses associated with the maintenance, repair and operation of the Facility. The foregoing description is qualified in its entirety by reference to the Lease, which the Company intends to file as an exhibit to its Annual Report on Form 10-K for the fiscal year ending January 31, 2025. Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 27, 2024 Ambarella, Inc. /s/ Michael Morehead General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR