Item 2. Properties
Item 2. Properties
Our corporate headquarters is located in South San Francisco, California, where we lease approximately 40,000 square feet of office and research and development space pursuant to a lease agreement which commenced on April 25, 2019 and expires on April 30, 2027, with an option to extend for eight years. Of the 40,000 square feet, we currently occupy approximately 25,000 square feet of office and research and development space in South San Francisco, CA and entered into a sublease agreement with GeneFab LLC to sublease approximately 7,400 square feet of our office space in South San Francisco expiring April 2027. We also entered into a sublease agreement with BKPBIOTECH, Inc. and JLSA Therapeutics, Inc., to sublease approximately 11,001 square feet of our office space
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in South San Francisco commencing October 2024 and also expiring April 2027. In Alameda, California, we leased approximately 92,000 square feet of space as of December 31, 2025 pursuant to a lease agreement that commenced on June 3, 2021 and expires on September 30, 2032, with two options to extend for five years each. In June 2023, we completed the build-out of a cell therapy manufacturing facility designed to meet current Good Manufacturing Practice (“cGMP”) requirements. We subleased the manufacturing space under a sublease agreement to GeneFab that was executed in August 2023 and expires in September 2032. On March 17, 2026, we entered into a First Amendment to Lease and related agreements, pursuant to which the leased premises were reduced to approximately 46,000 square feet. The related sublease with GeneFab was concurrently amended to reflect the reduced premises. We believe that our existing facilities are sufficient to meet our current needs.
Item 3. Legal Proceedings
From time to time we may become involved in legal proceedings to claims arising in the ordinary course of our business. We are not currently a party to any such material legal proceedings.
Item 4. Mine Safety Disclosures
None.
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.