TACT · TransAct Technologies Incorporated

Summary

TransAct Technologies Incorporated entered into a new 64-month lease for approximately 9,427 square feet of office space in Las Vegas, Nevada, relocating its existing operations. The agreement involves an initial monthly base rent of $17,911.30 and is expected to generate annualized lease and occupancy cost savings of approximately $100,000.

Key takeaways

• The Company entered into a lease agreement for 9,427 square feet at 6140 Brent Thurman Way, Suite 140, Las Vegas, Nevada.
• The Lease has an initial term of five years and four months (64 months), with two three-year renewal options.
• Initial base rent is $17,911.30 per month, subject to a 3% annual increase beginning February 1, 2027.
• The Company paid a security deposit of $21,493.56 and total initial monies of $42,987.12 upon execution.
• The Company expects the relocation to result in annualized lease and occupancy cost savings of approximately $100,000.
• The Company is responsible for 12.7% of operating expenses, currently estimated at $3,582.26 per month.