Airo Group Holdings signs lease for new executive offices in Virginia

Airo Group Holdings, Inc. (NASDAQ:AIRO) has entered into a lease agreement for new principal executive offices in McLean, Virginia, according to a statement released in a recent SEC filing. The company, currently valued at $594 million, holds more cash than debt on its balance sheet according to InvestingPro data, suggesting strong financial flexibility for this expansion.

The company signed the Deed of Lease with Westpark Corporate Center, L.L.C. on October 14, 2025. Under the terms, Airo Group Holdings will lease approximately 2,815 rentable square feet of office space at 8444 Westpark Drive, Suite 840. The lease has an initial term of 65 months beginning November 1, 2025, with an option to extend for an additional five years.

The agreement sets the initial monthly base rent at $10,556.25, or $126,675.00 annually for the first year. The base rent will increase by 2.5% each year throughout the lease term. The company’s obligation to pay base rent will be fully abated for the first five months of the lease term, starting from the rent commencement date.

Airo Group Holdings is required to provide a security deposit of $31,668.75. Beginning with the second year of the lease, the company will also be responsible for its proportionate share (1.28%) of operating charges and real estate taxes exceeding base year amounts. The leased facility will be used solely for general office purposes.

The company’s common stock is listed on the Nasdaq Global Market under the symbol AIRO.

This information is based on a press release statement contained in a filing with the Securities and Exchange Commission.

In other recent news, AIRO Group Holdings, Inc. announced the closing of its upsized public offering, raising $89.4 million through the sale of 4,830,000 shares of common stock. The pricing of the offering was set at $18.50 per share, with the underwriters fully exercising their option to purchase an additional 630,000 shares. Additionally, AIRO Group has been added to the Russell 2000® and Russell 3000® Indexes, enhancing its visibility among U.S. small-cap equities. The company has also entered a non-binding letter of intent with Ukraine’s Nord Drone LLC to form a joint venture for the production of combat drones. This partnership aims to deliver advanced drone technologies to the United States, Ukraine, and other NATO countries. Furthermore, AIRO Group had previously announced the commencement of an underwritten public offering of 3.5 million shares. These developments reflect AIRO Group’s strategic moves to expand its market presence and capitalize on new opportunities in the aerospace and defense sectors.

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