UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement
On November 19, 2021, Bowman Consulting Group Ltd. (the “Company”) entered in a Master Lease Agreement dated as of November 18, 2021 between the Company, as lessee, and Honour Capital LLC, as lessor. The 48-month facility provides for an initial $5 million in financing for the purchase of engineering and survey equipment, IT hardware, licenses, service contracts and other long-lived assets. The facility provides for multiple capital lease tranches executed under separate sub-schedules with a term of 48 months. The lease rate factor is fixed at 0.02204 for the term of the facility.
This summary of the Lease Agreement is qualified in its entirety be reference to the full text of the Lease Agreement, a copy of which is attached an Exhibit to this Report.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 10.19 | Lease Agreement dated November 18, 2021 by and between Honour Capital LLC and Bowman Consulting Group Ltd. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BOWMAN CONSULTING GROUP LTD. | ||||||
| Date: November 23, 2021 | By: | /s/ Bruce Labovitz | ||||
| Bruce Labovitz | ||||||
| Chief Financial Officer | ||||||