MobileIron, Inc. (NASDAQ:MOBL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On February 16, 2017, MobileIron,Inc. (the Company) entered into
a sublease with Vendavo, Inc. (the Sublandlord), effective as of
March 1, 2017 (the Sublease), for34,905 square feet of office
space located at 401 E. Middlefield Road, Mountain View,
California.
The term of the Sublease is through June 30, 2020, with an
estimated commencement date of the 16th day after the Sublandlord
has delivered early access to the premises to the Company, but in
no event sooner than the date by which Sublandlord has delivered
exclusive possession of the premises to the Company, which is
currently estimated to occur in June 2017.
The total monthly base rent under the Sublease for the leased
facility will be as follows:
|
Months of Lease Term |
Monthly Base Rent |
|
1 |
$0.00 |
|
2-12 |
$113,441.25 |
|
13-24 |
$116,931.75 |
|
25-36 |
$120,422.25 |
|
37 |
$123,912.75 |
The foregoing description of the Sublease is qualified in its
entirety by reference to the full text of the Sublease, a copy of
which is filed herewith as Exhibit10.1 and is incorporated herein
by reference.
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits
|
Exhibit No. |
Description |
|
10.1 |
Sublease, effective March 1, 2017, betweenMobileIron, |
About MobileIron, Inc. (NASDAQ:MOBL)
MobileIron, Inc., formerly Mobile Iron, Inc., provides a purpose-built mobile Information Technology (IT) platform for enterprises to secure and manage mobile applications, content and devices. The Company offers its customers the flexibility to use its software as a cloud service or to deploy it on premise. Its platform is composed of over three integrated and distributed software components, including a mobile IT policy server or Core that allows IT departments to define security and device management policies across mobile operating systems; software on the device or Client that carries out policies at the mobile end-point, and an in-line gateway or Sentry that secures data as it moves between the device and back-end enterprise systems. Its platform enables areas of functionality, including Mobile Device Management, Mobile Application Management, Mobile Content Management and Advanced Services. Its customers include industries, such as financial services and telecommunications. MobileIron, Inc. (NASDAQ:MOBL) Recent Trading Information
MobileIron, Inc. (NASDAQ:MOBL) closed its last trading session down -0.05 at 4.65 with 385,392 shares trading hands.
