SI-BONE, Inc. Enters Material Definitive Agreement

TL;DR

SI-BONE just signed a big deal, watch their financials.

AI Summary

On July 18, 2024, SI-BONE, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event.

Why It Matters

This filing indicates a significant financial commitment or obligation for SI-BONE, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or risks that require careful monitoring.

Key Players & Entities

• SI-BONE, Inc. (company) — Registrant
• July 18, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share SIBN The Nasdaq Global Market
• $43,696 — e") with the base rent in the amount of $43,696 per month. The Company shall not be req

Filing Documents

• sibn-20240718.htm (8-K) — 32KB
• elcamino2ndamendment072024.htm (EX-10.1) — 34KB
• 0001459839-24-000055.txt ( ) — 197KB
• sibn-20240718.xsd (EX-101.SCH) — 2KB
• sibn-20240718_lab.xml (EX-101.LAB) — 22KB
• sibn-20240718_pre.xml (EX-101.PRE) — 13KB
• sibn-20240718_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On July 18, 2024, SI-BONE, Inc. (the "Company") and BIXBY SPE FINANCE 11, LLC ("Landlord") entered into the Second Amendment (the "Second Lease Amendment") to the Office Lease Agreement (the "Original Lease") dated as of February 2, 2018, as amended by that certain First Amendment to Lease (the "First Amendment") dated as of April 16, 2018 (collectively, as amended, the "Lease"). The Lease is for 21,848 square feet of office space located at 471 El Camino Real, Santa Clara, California, the Company's corporate headquarters. Pursuant to the Second Lease Amendment, the Company and Landlord agreed to extend the term of the Lease for an additional period of fourteen months commencing on June 1, 2025 (the "Extension Date"), and expiring July 31, 2026 (the "Expiration Date") with the base rent in the amount of $43,696 per month. The Company shall not be required to pay monthly base rent for the first three months from and after the Extension Date. Pursuant to the Second Lease Amendment, the Company agreed to continue to pay its share of operating expenses and taxes through the Expiration Date. The Second Lease Amendment terminates the 5-year extension option contained in the Original Lease. The foregoing description of the Second Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Second Lease Amendment, which is attached hereto as Exhibit 10.1 and incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in "Item 1.01 Entry into a Material Definitive Agreement" is incorporated by reference herein in its entirety.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Second Amendment to Lease, dated Ju ly 18 , 2024, between SI-BONE, Inc and BIXBY SPE FINANCE 11, LLC 104 Cover Page Interactive Date File (embedded within the Inline XBRL document)

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. SI-BONE, INC. Date: July 19, 2024 By: /s/ Anshul Maheshwari Anshul Maheshwari Chief Financial Officer (Principal Financial and Accounting Officer)