Tivic Health Systems, Inc. 8-K

What Happened Tivic Health Systems (via its wholly owned subsidiary Velocity Bioworks, Inc.) filed an 8-K (Item 1.01) reporting that it entered three leases at 1305 E. Houston St., San Antonio, TX: a microbial lab lease (signed March 13, 2026), a mammalian lab lease (signed March 9, 2026, effective Jan 1, 2026) and an office sublease (signed March 13, 2026). The office space will serve as the company’s new principal executive office. The leases establish multi-year occupancy, rent obligations and VBI’s responsibility for its share of operating expenses, taxes and utilities.

Key Details

• Microbial Building Lease: ~8,024 sq ft, initial term 8 years, one-time 5-year extension option, exclusive purchase option for the property at $12.5 million within the first 24 months; base rent ~ $22,605/month for first 12 months ( ~$271,260 ), aggregate base rent over 8 years ≈ $5.34 million.
• Mammalian Building Lease: ~20,144 sq ft, 102-month term (effective Jan 1, 2026), base rent $55,029.73/month for first 12 months ( ~$660,356.78 ), annual increases ≈ 3.0%; aggregate base rent over term ≈ $6.29 million.
• Office Sublease: ~8,122 sq ft, 110-month term, will be the new principal executive office, starting base rent $31,044.94/month with ~3.0% annual increases.
• VBI will also pay prorated operating expenses, property taxes and utilities; the lease documents are filed as exhibits to the 8-K.

Why It Matters These leases commit Tivic’s operating subsidiary to substantial multi-year rent and related expense obligations and secure lab and office capacity in San Antonio—important operational infrastructure for research, development or manufacturing activities. The $12.5 million purchase option on the microbial building gives the company a path to own that facility within two years, which could affect future capital planning. Investors should note the added fixed-cost lease commitments (aggregate base rent for the two building leases is roughly $11.6 million over their terms) and the relocation of the company’s principal executive office.