COGNITION THERAPEUTICS INC — Form 10-Q
Filed August 7, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Cognition Therapeutics amended its lease with 2500/2700 Westchester Avenue Owner SPE LLC (Landlord). The company surrenders 2,864 sq ft (Suite 215, 2nd floor) and leases 4,200 sq ft of new space (Suites 117 & 115, 1st floor) at 2500 Westchester Avenue, Purchase, NY, effective ~May 1, 2026. Lease term extended 2 years to March 31, 2031. Annual rent rises from ~$75,876 (old rate) to $111,300–$119,700 across the extended term; monthly rent $9,275–$9,975. Minimum electric charge $12,600/year ($1,050/month). Tenant share increases to 2.54%. Fourteen parking spaces provided free.
Why this rating
Real estate lease renewal/expansion is routine corporate overhead. Dollar amounts (~$111–120K annual rent) are ~0.6–0.7% of $18.2M market cap—material operationally but immaterial to equity valuation. No business model change.
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