SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 19, 2019
Allogene Therapeutics, Inc.
(Exact name of registrant as specified in its charter)
(state or other jurisdiction
210 East Grand Avenue
South San Francisco, California
|(Address of principal executive offices)||(Zip Code)|
Registrants telephone number, including area code: (650) 457-2700
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§ 240.12b2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On February 19, 2019, Allogene Therapeutics, Inc. (the Company) entered into a Lease Agreement (the Lease) with Silicon Valley Gateway Technology Center, LLC, for approximately 118,000 square feet of space to develop a cell therapy manufacturing facility in Newark, California. The Lease has a term of fifteen years and eight months, and is expected to commence in March 2020. Upon certain conditions, the Company has two ten-year options to extend the Lease. The Company paid $192,945 upon execution of the Lease, which represents pre-payment for the first month of rent and estimated operating expenses. Subject to rent abatement for the second through ninth months of the Lease, the Company will be required to pay $159,150 per month, or $1.35 per square foot, for rent for the first twelve months of the Lease term, which will increase at a rate of 3% per year. The Company will be entitled to a tenant improvement allowance of approximately $2.95 million for costs related to the design and construction of certain Company improvements. In connection with the Lease, the Company will maintain a letter of credit for the benefit of the landlord in the amount of $3.0 million.
The foregoing description of the Lease does not purport to be complete and is qualified in its entirety by reference to the full and complete terms of the Lease, a copy of which will be filed as an exhibit to a subsequent filing with the Securities and Exchange Commission.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|ALLOGENE THERAPEUTICS, INC.|
|By:||/s/ David Chang, M.D., Ph.D.|
|David Chang, M.D., Ph.D.|
|President, Chief Executive Officer|
Dated: February 20, 2019