On August 19, 2026, CPS Technologies Corp. (ticker: CPSH) signed a 12-year-and-10-month lease with VMD Industrial II, LLC for roughly 80,000 square feet of space in Attleboro, Massachusetts — about eight miles from its current Norton facility — and plans to relocate its corporate offices, manufacturing, and product development operations there during 2027. Rent doesn't kick in until December 1, 2027, after a construction period and six months of free base rent, starting at $85,000 a month for six months, jumping to about $1.05 million a year the following year, and rising 3% annually thereafter; the company also covers 47.2% of property taxes, operating costs, and insurance. The landlord will contribute up to $3.2 million toward qualifying build-out costs, but only once CPS has spent at least $1.6 million of its own money, and CPS must post a $510,000 security deposit that can drop to $255,000 under certain terms.
View Full Filing (SEC EDGAR)