Replies to post #684 on Amprius Technologies Inc (AMPX)

[TradingStocks]

And of course, I see your point. Let's see what happens.

[Whalatane]

From the last qtly report

Now turning over to cash flow and the balance sheet. We ended the third quarter with $73.2
million in cash and no debt.

The main drivers of cash flow in the quarter were $9.2 million used
on operating cash flow, which was mainly driven by a near-term $11.2 million increase in
accounts receivable at the end of the period due to our increase in sales, $400,000 of CapEx
invested at our facility in Fremont, California, and lastly, $28.7 million from financing activities
consisting of $25.9 million from the issuance of common stock under our aftermarket sales
agreement and $2.8 million of proceeds from option exercises.

We still have approximately $20.1 million left available on the at-the-market offering facility as of September 30, 2025.

They may have used the $20m in the ATM to pay off the lease ... still had about $73 m in cash with qtly loss's around $4-5 m from my Quick Look

Kiwi

[Whalatane]

I hope they fired whoever agreed to that lease ...with a $20m fee to get out of and apparently no right to sublease .
Thats insane

Item 1.02 Termination of a Material Definitive Agreement.

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.

The original lease for the Brighton, Colorado property was approved and signed on April 15, 2023, by Dr. Kang Sun, who was the Chief Executive Officer of Amprius Technologies (AMPX) at the time.
Signing Authority for Lease Documents
Original Lease (April 2023): Dr. Kang Sun signed the agreement in his capacity as CEO. He spearheaded the selection of Colorado for the "Amprius Fab" gigawatt-hour scale factory.

Dr Sun may know a lot about batteries but apparently little about real estate leases

JMO
Kiwi