Assembly Biosciences subleases ~20K sq ft HQ in South San Francisco for 24 months

ASSEMBLY BIOSCIENCES, INC.

Sublease with Arsenal Biosciences for 2 Tower Place, 7th Floor, South San Francisco; term begins Nov 1, 2023 or later.
Monthly base rent: $109,906.50 for months 1-12; $113,753.23 for months 13-24.
Security deposit of $219,813 required; Company pays share of operating expenses, taxes, utilities.
Option to extend through balance of sublessor's master lease; rent capped at $6.25/sq ft with 3.5% annual increases.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ASSEMBLY BIOSCIENCES, INC. entered into Sublease with Arsenal Biosciences, Inc. valued at Monthly base rent of $109,906.50 for months 1-12 and $113,753.23 for months 13-24; security deposit (effective 2023-08-04).

Action: entry
Agreement: lease
Counterparty: Arsenal Biosciences, Inc.
Value: Monthly base rent of $109,906.50 for months 1-12 and $113,753.23 for months 13-24; security deposit
Effective: 2023-08-04

Exact text from the filing

On August 4, 2023, Assembly Biosciences, Inc. (the “Company”) and Arsenal Biosciences, Inc. (the "Sublessor") entered into a Sublease for the Company’s lease of approximately 20,000 square feet of office and laboratory space (the "Sublease"), which will serve as the Company's corporate headquarters, located at 2 Tower Place, 7th Floor, South San Francisco, California (the "Premises").

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

ASSEMBLY BIOSCIENCES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-039043

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.