other material
confidence high
sentiment neutral
materiality 0.30
Cabaletta Bio amends lease with CIC; $5.5M aggregate rent over Initial Term
Cabaletta Bio, Inc.
- Lease Amendment effective Oct 1, 2024 with CIC Innovation Communities.
- Neither party may terminate office/lab space from Oct 2024 through Aug 2026 (Initial Term) except by mutual agreement or CIC breach/bankruptcy.
- Company granted option to extend Initial Term by two additional 18-month terms.
- Aggregate monthly rent approx. $240,000; total $5.5M over Initial Term.
- Prior 30-day (office) and 90-day (lab) termination rights suspended during Initial Term.