−Removed: Our corporate headquarters are located in San Diego, California.
−Removed: We believe that our property and equipment are generally well maintained, in good operating condition and suitable for the conduct of our business.
−Removed: Details of our leased facilities, which include our corporate headquarters and consist of office space and research and development laboratories, follow.
−Removed: Address Type Square Feet
−Removed: 12780 El Camino Real, San Diego, California Office Space, Research and Development Laboratories 141,000
−Removed: 6027 Edgewood Bend Court, San Diego, California
−Removed: Office Space 124,000
−Removed: 6029 Edgewood Bend Court, San Diego, California
−Removed: Office Space 110,000
−Removed: 12790 El Camino Real, San Diego, California Office Space 88,000
−Removed: 10420 Wateridge Circle, San Diego, California Research and Development Laboratories 46,000
−Removed: 12777 High Bluff Drive, San Diego, California Office Space 45,000
−Removed: 12770 El Camino Real, San Diego, California Office Space 26,000
−Removed: On February 8, 2022, we entered into a lease agreement for a four-building campus facility to be constructed in San Diego, California, including a six-year option for the construction of a fifth building.
−Removed: This campus facility, comprised of office space and research and development laboratories, will serve as our new corporate headquarters.
−Removed: The construction of the campus facility is phased.
−Removed: The first phase of construction relating to office space was completed in December 2023.
−Removed: As we begin to occupy our new campus facility, we will sublease certain of our existing leased premises when we determine there is excess leased capacity.
+Added: The following table presents information on our leased facilities.
+Added: Location Use Square Feet Expiration Date
+Added: Pacific Highlands Ranch in San Diego, California Corporate Headquarters, Office and Laboratory 535,000 October 31, 2036
+Added: Carmel Valley in San Diego, California Office and Laboratory 229,000 (1)
+Added: July 31, 2031
+Added: Carmel Valley in San Diego, California Office 45,000 (2)
+Added: April 30, 2029
+Added: _________________________
+Added: (1) This property is associated with our former corporate headquarters.
+Added: 73,000 square feet is subleased by multiple companies for general office space through the remaining term of the lease and we are actively marketing an additional 141,000 square feet for sublease.
+Added: (2) This property is associated with our former corporate headquarters.
+Added: We are actively marketing this property for sublease.
Legal Proceedings
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.