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 July 1, 2024, CARGO Therapeutics, Inc. (the “Company”) entered into Sublease Agreement (the “Sublease”) with Vaxcyte, Inc. (“Vaxcyte”), for a portion of the Company’s headquarters located at 835 Industrial Road, San Carlos, California 94070 (the “Building”). The Company believes entering into the Sublease will optimize the utility of the office space during the term of the Sublease (described below). The Sublease commencement date was July 3, 2024.
The portion of the premises subject to the Sublease is approximately 38,200 rentable square feet. Pursuant to the Sublease, Vaxcyte will also have access to additional square feet of common amenities in the Building (“Shared Amenities Space”), at no additional cost to Vaxcyte.
The Sublease term will end on the day that is the last day of the 24th month from the Commencement Date, with Vaxcyte having the right to extend the term of the Sublease for one additional 12-month period unless the Company intends to reoccupy the space, unless sooner terminated or cancelled in accordance with the terms and conditions of the Sublease. Vaxcyte will be obligated to pay rent of approximately $214,000 per month (the “Base Rent”), with such Base Rent being abated for the first two (2) months following the commencement of the Sublease. Vaxcyte will be required to pay approximately 38% of the operating expenses as specified in the Sublease.
The Sublease is included as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference. The foregoing description of the Sublease does not purport to be complete and is qualified in its entirety by reference to the Sublease.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 10.1 | Sublease Agreement, dated July 1, 2024, by and between CARGO Therapeutics, Inc. and Vaxcyte, Inc. | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |
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SIGNATURES
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.
| CARGO THERAPEUTICS, INC. | ||||||
| Date: July 8, 2024 | By: | /s/ Gina Chapman | ||||
| Gina Chapman | ||||||
| Chief Executive Officer | ||||||