Monitor Q2 2027 for initial infrastructure acceptance and revenue recognition. The July 15, 2027 outside date is a key catalyst — failure to meet the minimum acceptance threshold would trigger a prepayment refund and contract termination, reversing the backlog. The executive departure and RSU grant the day prior suggest internal turmoil that could affect delivery timelines.
Price Chart
Executive Summary
Boost Run Inc.'s subsidiary, Boost Run LLC, entered into a five-year GPU cloud infrastructure service agreement with Cohere Inc. valued at approximately $525.6 million. The deal provides a significant revenue backlog but carries execution risk as initial infrastructure acceptance is not expected until Q2 2027, with a July 15, 2027 outside date. This filing follows a day after a restricted stock unit grant to a departing executive, suggesting a forced management transition.
Key Financial Metrics
Key Facts
- Boost Run LLC entered a Service Agreement with Cohere Inc. on September 30, 2026.
- Cohere committed to pay approximately $525.6 million over the five-year term.
- Initial infrastructure acceptance expected to begin in Q2 2027.
- Outside date for minimum infrastructure acceptance is July 15, 2027.
- Cohere may terminate and receive a full prepayment refund if minimum infrastructure is not accepted by the outside date.
- Boost Run Inc. guaranteed Boost Run LLC's obligation to refund prepaid amounts.
- A day prior, the company granted 300,000 RSUs to Harilaos Georgakopoulos, who appears to be a departing executive based on the cross-filing context.
Financial Impact
$525.6 million total contract value over five years; prepayment amount undisclosed
Risk Factors
- Infrastructure delivery delays could trigger Cohere's termination rights and prepayment refund.
- Executive departure one day prior suggests potential management instability.
- No financial terms disclosed for the prepayment amount or pricing per rack.
- Contract does not automatically renew; revenue is back-end loaded over five years.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-045861 |
| Document: form8-k.htm | 0001493152-26-045861 |
| Document: 0001493152-26-045861-index-headers.html | 0001493152-26-045861 |
| Document: 0001493152-26-045861-index.html | 0001493152-26-045861 |
| Document: 0001493152-26-045861.txt | 0001493152-26-045861 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | EFFECT | $8.47 | awaiting T+5 | — | $8.10 (−4.37%) |
Oct 6, 2026 20d ago | 3 | $13.75 $9.65 | ▼ −29.82% | ▼ −28.84% | $8.10 (−41.09%) |
Oct 6, 2026 21d ago | 8-K | $15.17 $11.47 | ▼ −24.39% | ▼ −24.25% | $8.10 (−46.61%) |
Oct 5, 2026 21d ago | 8-K | $15.17 $11.47 | ▼ −24.39% | ▼ −24.25% | $8.10 (−46.61%) |
Aug 19, 2026 9w ago | 424B5 | $19.01 $18.19 | ▲ +4.31% | ▲ +3.93% | $8.10 (+57.39%) |
Aug 14, 2026 10w ago | 8-K | $22.93 $19.51 | ▼ −14.91% | ▼ −13.55% | $8.10 (−64.68%) |
Jul 27, 2026 13w ago | 8-K | $19.36 $20.04 | ▲ +3.51% | ▲ +2.44% | $8.10 (−58.16%) |
Jul 13, 2026 15w ago | EFFECT | $25.68 $24.42 | ▼ −4.91% | ▼ −4.12% | $8.10 (−68.46%) |
Jul 6, 2026 16w ago | 8-K | $32.31 $28.44 | ▼ −11.98% | ▼ −12.47% | $8.10 (−74.93%) |
US Market Status
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