Impinj Inc. Enters Material Definitive Agreement
Ticker: PI · Form: 8-K · Filed: Oct 30, 2025 · CIK: 1114995
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Impinj signed a big deal, creating a new financial obligation.
AI Summary
On October 30, 2025, Impinj Inc. entered into a material definitive agreement, which also created a direct financial obligation for the company. The specifics of this agreement and the resulting obligation are detailed within the filing.
Why It Matters
This filing indicates a significant new agreement for Impinj Inc., potentially impacting its financial obligations and future business operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to performance, financing, and market conditions.
Key Players & Entities
- Impinj Inc. (company) — Registrant
- October 30, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Impinj Inc. on October 30, 2025?
The filing states that Impinj Inc. entered into a material definitive agreement on October 30, 2025, but the specific details of the agreement are not provided in this excerpt.
What type of financial obligation did Impinj Inc. create with this agreement?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for Impinj Inc., but the exact nature and amount are not specified here.
What is Impinj Inc.'s principal executive office address?
Impinj Inc.'s principal executive offices are located at 400 Fairview Avenue North, Suite 1200, Seattle, Washington 98109.
What is Impinj Inc.'s telephone number?
Impinj Inc.'s telephone number is (206) 517-5300.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2025-10-30 16:15:27
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PI The Nasdaq Global Sele
- $44 million — e Lease is expected to be approximately $44 million and the Company will pay additional bas
- $5 million — vailable. The Landlord also agreed to a $5 million tenant improvement allowance for the ex
Filing Documents
- pi-20251030.htm (8-K) — 50KB
- 0001193125-25-258567.txt ( ) — 161KB
- pi-20251030.xsd (EX-101.SCH) — 30KB
- pi-20251030_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On October 30, 2025, Impinj, Inc. (the "Company") entered into a Fifth Amendment to Office Lease (the "Lease Amendment") with 400 Fairview Avenue LLC ("Landlord") to amend the Office Lease dated as of December 10, 2014, as amended (the "Lease") relating to the Company's office space in Seattle, Washington (the "Premises"). The Lease Amendment extends the term of the Lease to January 31, 2038 and provides the expansion of the Premises by approximately 6,563 rentable square feet (the "Expansion Space"). Upon inclusion of the Expansion Space and remeasurement of the Premises, the Company will lease approximately 70,995 rentable square feet. The total base rent for the existing premises beginning on September 1, 2025, the retroactive effective date of the Lease Amendment, through the term of the Lease is expected to be approximately $44 million and the Company will pay additional base rent for the Expansion Space beginning when it is made available for occupancy through the term of the Lease. In addition to monthly base rent, the Company will continue to pay as additional rent its proportionate share of certain operating expenses, insurance costs and taxes for each calendar year during the term of the Lease. As an inducement to enter into the Lease Amendment, the Landlord also agreed to provide the Company with a base rent abatement for the existing space for the eight-month period from September 1, 2025 through April 30, 2026, and an additional eight-month rent abatement for the Expansion Space once it is made available. The Landlord also agreed to a $5 million tenant improvement allowance for the expansion space, and to the extent the full allowance is not used, up to 50% of it may be applied against the Company's rent obligations. The foregoing description of the terms of the Lease Amendment is not complete and is qualified in its entirety by reference to the full text of the Lease Amendment. A copy of the Leas
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. Impinj, Inc. By: /s/ Chris Diorio Chris Diorio Chief Executive Officer Date: October 30, 2025