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Healthcare

Shoulder Innovations Inc.

04/14/2026 | Press release | Distributed by Public on 04/14/2026 14:31

Material Agreement (Form 8-K)

Item 1.01.

Entry into a Material Definitive Agreement.

On April 13, 2026, Shoulder Innovations, Inc. (the "Company") entered into a lease agreement (the "Lease Agreement") with Ventura Office Park Lot #8, LLC (the "Landlord"), whereby the Landlord has agreed to construct the Company a new commercial building of approximately 15,200 square feet located at 6320 Venture Hills Boulevard, SW, Lot 8, Byron Center, Michigan 49315 (the "Premises"). The Premises will contain both office and warehouse space, which the Company intends to use as its corporate headquarters. The Lease Agreement has an initial term of 10 years, with two five-year extension options and certain expansion rights. The aggregate estimated rent payments due over the initial term of the Lease Agreement is approximately $4.4 million. The Company has paid the Landlord a security deposit of $33.0 thousand, and has agreed to pay the Landlord an additional $0.5 million as a down payment for construction costs of the Premises. The Company has agreed to take possession of the Premises when the certificate of occupancy has been issued and the Landlord's work has been substantially completed in accordance with the terms of the Lease Agreement, which is expected to be on or around the fourth quarter of 2027. The foregoing description of the Lease Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the three and six months ending June 30, 2026.

Shoulder Innovations Inc. published this content on April 14, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 14, 2026 at 20:33 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]