secwatch.observer — SEC 8-K summary
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Issuer:     Surrozen, Inc./DE (SRZN)
CIK:        0001824893
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0000950170-24-111493
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Surrozen extends HQ lease through April 2029 with escalating rent, $400K early termination option
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- Lease term extended 48 months to April 2029; annual base rent starts at $2.3M, rises to $2.6M.
- Early termination option (April 2026) requires $400K fee by Dec 31, 2025; notice by Sep 30, 2025.
- Extension option reduced from two 5-year to one 4-year option following extended term.
- Rent abatement for Jan-Mar 2026 applies if early termination option not exercised.
- Amendment updates assignment, net worth, and financial reporting provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824893/000095017024111493/0000950170-24-111493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824893/000095017024111493/srzn-20241001.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-111493

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer