−Removed: Our principal laboratory and administrative facilities are currently located in Monrovia, California, which is located in the greater Los Angeles region.
−Removed: We currently lease 48,000 square feet of laboratory and office space in Monrovia, California.
−Removed: The facility is leased under two separate leases, a lease for 24,000 square feet with a term that expires December 31, 2025 and, a second lease for 24,000 square feet with a term that expired January 31, 2023.
−Removed: In June 2017, we entered into a lease for 23,500 of office space in San Diego.
−Removed: The original lease term was scheduled to expire August 31, 2022 and in May 2022 we entered into an Amendment to the original lease which extended the lease term to December 31, 2023.
−Removed: In June 2021, we entered into an 18-month lease for a 7,000-square floor office space in Monrovia, California.
−Removed: The lease began August 1, 2021 and expired January 31, 2023.
−Removed: In June 2021, we entered into an Agreement of Lease (the Halstead Lease) relating to 129,543 rentable square feet, for laboratory and office space, in Pasadena, California, where the Company will move its corporate headquarters in March of 2023.
−Removed: The term of the Halstead Lease will become effective in two phases.
−Removed: The first phase commenced on August 1, 2022 and encompasses 83,083 square feet while the second phase commences no later than July 1, 2025 and encompasses an additional 46,460 square feet.
−Removed: The term of the Halstead Lease is 13 years from the first phase commencement date, August 1, 2022.
−Removed: We believe that our existing facilities and planned new corporate headquarters are adequate to meet our current and future needs.
+Added: Our principal laboratory and administrative facilities are currently located in Pasadena, California, which is located in the greater Los Angeles region.
+Added: We currently lease 83,083 square feet of laboratory and office space in Pasadena, California (the initial lease).
+Added: The lease became effective on August 1, 2022 and is for a term of 13 years.
+Added: An additional 46,460 square feet of space adjacent to the existing space, is subject to a lease that begins on July 1, 2025 (the second lease).
+Added: The second lease is for a term of 10 years and expires at the same time as the initial lease.
+Added: We also continue to lease 24,000 square feet of office and lab at our previous facility in Monrovia, California pursuant to a lease that expires December 31, 2025.
+Added: In August 2023, we entered into a lease for 9,400 square feet of office space in San Diego, California.
+Added: The term of the lease agreement began in September 2023 and expires in December 2027.
+Added: We previously leased 24,000 square feet of office space in San Diego, California pursuant to a lease which expired on December 31, 2023 and a 7,000-square floor office space in Monrovia, California pursuant to a lease that began August 1, 2021 and expired on January 31, 2023.
+Added: We believe that our existing facilities are adequate to meet our current and future needs.
Legal Proceedings.
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−Removed: Table of Contents `
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.