Hinge Health Inc.
08/21/2026 | Press release | Distributed by Public on 08/21/2026 14:26
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On August 18, 2026, Hinge Health, Inc. (the "Company") entered into an office lease agreement (the "Lease") with 50 Beale Street LLC, a Delaware limited liability company (the "Landlord"), for approximately 119,278 rentable square feet located at 300 Mission Street, San Francisco, California (the "Premises"). The Lease is anticipated to commence five business days after the execution date of the Lease.
The aggregate estimated base rent payments due over the term of the Lease are approximately $86.0 million. In addition to base rent, the Company will be required to pay its share of operating expenses, taxes and insurance expenses, as well as other additional operating costs under the Lease. The Landlord will provide a tenant improvement allowance totaling up to $17.9 million. To secure its obligations under the Lease, the Company will be required to provide the Landlord with an irrevocable standby letter of credit in an amount of $2.8 million.
The Lease is anticipated to expire on February 28, 2037, and grants the Company one five-year renewal option and a one-time early termination right effective January 31, 2035, subject to certain conditions, including payment of a termination amount.
The foregoing description of the Lease is a summary only and is qualified in its entirety by the full and complete terms of the Lease, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2026.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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