other material
confidence high
sentiment neutral
materiality 0.60
FibroGen terminates headquarters lease, accelerates expiration to Dec 31, 2024, with $10M settlement
KYNTRA BIO, INC.
- Entered Lease Termination Agreement with landlord ARE-San Francisco No.43 Owner, LLC.
- Lease at 409 Illinois Street, San Francisco, ends Dec 31, 2024 (previously later date).
- $10M settlement includes past rent, operating costs, lease modification payment, and security deposit (LC).
- FibroGen not responsible for further rent or operating costs after termination.