Amprius Technologies Inc (AMPX)

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Item 1.02 Termination of a Material Definitive Agreement.
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On January 30, 2026, Amprius Technologies, Inc. (the "Company") entered into a lease termination agreement (the “Lease Termination”) with Starboard Platform Brighton JV, LLC (the “Landlord”) to terminate the Company’s existing lease (the "Lease") for approximately 774,155 rentable square feet of that certain improved real property located at 4353 East Bromley Lane, Brighton, Colorado 80601 (formerly known as, and referenced in the Lease as, 18875 East Bromley Lane, Brighton, Colorado 80601) (the “Colorado Property”).

The Lease Termination became effective on January 31, 2026, and except as otherwise provided in the Lease Termination, the Company and the Landlord will be released from further rights, obligations, or claims arising from the Lease. In connection with the Lease Termination, the Company was required to pay a termination fee of $20,000,000 to the Landlord. The Landlord will return the Company's security deposit, currently held as a $1,200,000 letter of credit, on or before February 5, 2026.

The Company’s base rent for the Colorado Property was approximately $300,000, supplemented by approximately $190,000 in additional rent to cover the Company's pro rata share of operating expenses, insurance, and real estate taxes. Under the terms of the Lease, the base rent was subject to annual increases of approximately 3.3%. The lease had a 15 year term that started on June 2024.
The foregoing description does not purport to be complete and is subject to, and qualified in its entirety by, the complete text of the Lease Termination, a copy of which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal period ending December 31, 2025.