Boost Run Inc.: enters service agreement with Cohere for $525,600,000

What happened

• On Sep 30, 2026 Boost Run LLC, a wholly owned subsidiary of Boost Run Inc, entered into a Service Agreement with Cohere Inc pursuant to which Boost Run will provide Cohere with access to dedicated GPU cloud computing infrastructure and related services.
• The filing states acceptance of the initial infrastructure is currently expected to begin in the 2nd quarter of 2027.

Key details

• Cohere committed to pay Boost Run approximately $525,600,000 over the term of the Agreement, a portion of which is payable as a prepayment.
• The term for each rack of infrastructure delivered under the Agreement is approximately 5 years, commencing upon Cohere’s acceptance of that rack.
• Either party may terminate the Agreement for cause; Cohere may also terminate in certain other circumstances and may receive refunds of prepaid amounts if specified acceptance minimums are not met by Jul 15, 2027.
• Boost Run Inc guaranteed Boost Run LLC’s obligation to pay any refund of prepaid amounts under the Agreement, up to the amount of the prepayment received by Boost Run LLC and not applied against fees.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement), describing the Service Agreement, payment commitments, term lengths, acceptance timing, termination and refund provisions, and the company guarantee.
• This filing does not show why the insider traded or why the company acted.