Precision Optics Corporation, Inc. filed a Form 8-K on October 30, 2026, disclosing that it entered into a new lease agreement on October 28, 2026, for its existing facility at 22-28 East Broadway, Gardner, Massachusetts.

Key Highlights

  • New lease signed October 28, 2026: Precision Optics entered into a lease with Equity Assets, Inc. for approximately 12,292 rentable square feet at 22-28 East Broadway, Gardner, Massachusetts.
  • One-year initial term: The lease term commences July 1, 2026, and runs for one year, according to the filing.
  • Initial monthly rent: Rent from July 1, 2026 through December 31, 2026 is $13,316.33 per month.
  • Rent escalation on January 1, 2027: Monthly rent increases to $13,715.82 for calendar year 2027, with subsequent 3.0% per annum increases thereafter.
  • Two extension options: The lease includes two options to extend for additional one-year periods each, exercisable with at least six months' prior written notice.
  • Permitted use: The premises are designated for "design, and manufacturing of optical components and products for advance medical, industrial, aerospace and military applications," as stated in the filing.
  • Tax responsibilities: The company is responsible for all personal property taxes, while the landlord is responsible for all real estate taxes and assessments.

Precision Optics Renews Gardner Facility Lease with Equity Assets, Inc.

According to the Form 8-K filed with the SEC on October 30, 2026, Precision Optics Corporation, Inc. (NASDAQ:POCI) entered into a new lease agreement on October 28, 2026, with Equity Assets, Inc. as landlord. The agreement covers the company's existing location at 22-28 East Broadway, Gardner, Massachusetts, encompassing approximately 12,292 rentable square feet of commercial space.

The filing discloses that the lease carries an initial one-year term commencing July 1, 2026. Monthly rent during the first portion of the term, from July 1, 2026 through December 31, 2026, is $13,316.33. Beginning January 1, 2027, the monthly rent steps up to $13,715.82, with the filing specifying "subsequent 3.0% per annum increases in the monthly rent thereafter as set forth in the Lease." The company disclosed two options to extend the term for additional one-year periods, each requiring at least six months' prior written notice.

Regarding financial obligations, the filing states that the company bears responsibility for all personal property taxes associated with the premises, while the landlord assumes responsibility for "any and all real estate taxes and assessments against the Premises." The filing notes that the foregoing description "does not purport to be a complete statement of the parties' rights and obligations" and directs readers to the full text of the lease filed as Exhibit 10.1. The report was signed by Joseph N. Forkey, President, on October 30, 2026.

What Was Disclosed

Precision Optics Corporation disclosed the execution of a one-year commercial lease for its Gardner, Massachusetts facility, covering roughly 12,292 square feet at a starting monthly rent of $13,316.33, with a scheduled increase and two optional one-year extensions.