ProKidney closes on $25.5M purchase of 210,000 sq ft Greensboro facility for REACT manufacturing

PROKIDNEY CORP.

Paid ~$25.5M cash for 210,000 sq ft facility and 22 acres in Greensboro, NC to support commercial production of REACT cell therapy.
Eligible for up to $33.7M in tax credits (Greensboro, Guilford County, NC) and $1.9M in Duke Energy credits contingent on milestones.
Must create at least 330 jobs by Dec 31, 2028 and invest ~$458M in property by Dec 31, 2027 to receive full incentives.
Plans further investments through 2028 to prepare for potential commercial-scale manufacturing of REACT (Phase 3 for diabetic CKD).

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