Item 2. Properties
ITEM
2. PROPERTIES
Our
corporate headquarters are located in Cleveland, Ohio, where we currently lease approximately 62,000 square feet of manufacturing, laboratory
and office space. That lease expires in December 2030. We also lease 10,400 square feet of office space located in New York, New York.
That lease expires in September 2025 and has been sublet as of December 31, 2024.
In
addition, we have signed a lease for approximately 16,566 square feet of office space with a commencement date of January 1, 2025. That
lease expires in December 2030. This additional space will allow the Company to convert office space at the existing lease into additional
manufacturing space to increase pz-cel manufacturing capacity.
We
believe that our facilities are sufficient to meet our current needs and that suitable space will be available as and when needed for
potential commercialization.
ITEM
3. LEGAL PROCEEDINGS
We
are not currently subject to any material pending legal proceedings.
ITEM
4. MINE SAFETY DISCLOSURES
Not
applicable.
56
PART
II
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