---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026009"
form_type: "8-K"
ticker: "SPRB"
cik: "0001683553"
company_name: "SPRUCE BIOSCIENCES, INC."
filed_at: "2022-12-02T23:59:59+00:00"
generated_at: "2026-06-21T10:18:26.872054+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Spruce Biosciences terminates Daly City HQ lease, signs new 5-year South San Francisco office lease

## Summary
- Terminated prior lease at 2001 Junipero Serra Blvd, Daly City effective Dec 31, 2022; receiving $0.6M termination fee and return of $0.2M letter of credit.
- Signed new 62-month lease for 6,496 sq ft at 611 Gateway Blvd, Suite 740, South San Francisco starting Jan 1, 2023.
- Initial annual base rent ~$0.3M with 3% annual increases; tenant improvement allowance of $129,920.
- Lease includes 60-day rent abatement period after commencement.

## SEC filing metadata
- accession: 0000950170-22-026009
- form_type: 8-K
- ticker: SPRB
- cik: 0001683553
- company_name: SPRUCE BIOSCIENCES, INC.
- filed_at: 2022-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1683553/000095017022026009/0000950170-22-026009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1683553/000095017022026009/sprb-20221128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026009
- JSON: https://secwatch.observer/filing/0000950170-22-026009.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026009.txt

## Key facts
- Material Agreements
  SPRUCE BIOSCIENCES, INC. terminated Lease Termination Agreement with BP3-SF7 2001 JS OWNER LLC valued at a termination fee of $0.6 million (effective 2022-11-28).
  - Action: termination
  - Agreement: lease
  - Counterparty: BP3-SF7 2001 JS OWNER LLC
  - Value: a termination fee of $0.6 million
  - Effective: 2022-11-28
  source text: On November 28, 2022, the Company entered into a Lease Termination Agreement (the “Lease Termination Agreement”) with BP3-SF7 2001 JS OWNER LLC (the “Landlord”) to terminate that certain Office Lease Agreement, dated as of February 13, 2020, by and between the Company and the Landlord (as successor-in-interest to DC Station Owner, LLC) (the “Prior Lease”) for certain premises located at 2001 Junipero Serra Boulevard, Suite 640, Daily City, California 94014.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683553/000095017022026009/0000950170-22-026009-index.htm
- Material Agreements
  SPRUCE BIOSCIENCES, INC. entered into New Lease with 611 Gateway Center LP valued at approximately $0.3 million (effective 2022-12-01).
  - Action: entry
  - Agreement: lease
  - Counterparty: 611 Gateway Center LP
  - Value: approximately $0.3 million
  - Effective: 2022-12-01
  source text: On December 1, 2022, Spruce Biosciences, Inc. (the “Company”) entered into a lease agreement (the “New Lease”) with 611 Gateway Center LP for the lease of 6,496 square feet of office space located at 611 Gateway Boulevard, Suite 740, South San Francisco, California 94080, for the Company’s principal executive offices.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1683553/000095017022026009/0000950170-22-026009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.