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Get filing alertsBoost Run signs ~$525.6M GPU cloud deal with Cohere, with prepayment and termination/refund terms
Filed October 6, 2026 · Period ending September 30, 2026 · ~1 min read
Key Changes
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high
Boost Run LLC entered a Service Agreement to provide Cohere with dedicated GPU cloud infrastructure and related services.
Item 1.01 verify on EDGAR → -
high
Cohere committed to pay approximately $525.6 million over the agreement term, with a portion payable as a prepayment.
Item 1.01 verify on EDGAR → -
high
Cohere may terminate and receive a refund of prepaid amounts if a specified minimum infrastructure is not accepted by July 15, 2027.
Item 1.01 verify on EDGAR → -
medium
Acceptance of the initial infrastructure is expected to begin in Q2 2027, with each rack's term approximately five years from acceptance.
Item 1.01 verify on EDGAR →
Summary
Boost Run Inc. disclosed that its subsidiary Boost Run LLC signed a Service Agreement with Cohere Inc. to provide dedicated GPU cloud computing infrastructure and related services. Cohere has committed to pay approximately $525.6 million over the term of the agreement, with a portion payable upfront as a prepayment.
The term for each rack of infrastructure is approximately five years, starting upon Cohere's acceptance of that rack. Acceptance of the initial infrastructure is currently expected to begin in the second quarter of 2027.
The agreement includes termination and refund provisions: if a specified minimum amount of infrastructure has not been accepted by July 15, 2027, Cohere may terminate the agreement and receive a refund of all amounts prepaid. If the minimum has been accepted, Cohere may terminate the order with respect to any infrastructure not accepted by that date and receive a refund of the related prepaid amounts. Boost Run Inc. has guaranteed Boost Run LLC's obligation to pay any refund of prepaid amounts, up to the amount of the prepayment received and not applied against fees. For retail investors, this is a significant customer contract that provides revenue visibility for the GPU cloud business, but the prepayment refund provisions mean the company's cash position could be affected if delivery milestones are not met. The key milestone to watch is whether the minimum infrastructure acceptance occurs by July 15, 2027.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Boost Run signs ~$525.6M, ~5-year GPU cloud services deal with Cohere, with prepayment and termination/refund terms.
Added in current filing · verify on EDGAR →
entered into a Service Agreement (together with the order form thereunder, the “Agreement”) with Cohere Inc (“Cohere”), pursuant to which Boost Run will provide Cohere with access to dedicated GPU cloud computing infrastructure and related services.
Boost Run LLC, a wholly owned subsidiary of Boost Run Inc., signed a Service Agreement with Cohere Inc. Under the agreement, Boost Run will supply Cohere with dedicated GPU cloud computing infrastructure and related services. This is a material customer contract for the company's GPU cloud business.
Added in current filing · verify on EDGAR →
Acceptance of the initial infrastructure is currently expected to begin in the second quarter of 2027.
The company expects Cohere to begin accepting the initial infrastructure in Q2 2027. Revenue recognition under the agreement will depend on delivery and acceptance of the infrastructure.
Added in current filing · verify on EDGAR →
if a specified minimum amount of infrastructure has not been accepted by July 15, 2027, Cohere may terminate the Agreement and receive a refund of all amounts prepaid, and if such minimum amount has been accepted, Cohere may terminate the order with respect to any infrastructure not accepted by that date and receive a refund of the related prepaid amounts.
Cohere has the right to terminate the agreement and receive a refund of prepaid amounts if a specified minimum amount of infrastructure is not accepted by July 15, 2027. If the minimum is met, Cohere can still terminate orders for any infrastructure not accepted by that date and get a refund of related prepayments. Boost Run Inc. has guaranteed Boost Run LLC's obligation to pay any refund of prepaid amounts, up to the amount of the prepayment received and not applied against fees.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 7, 2026 · How we verify