IGM Biosciences terminates headquarters lease, pays $14.2M termination fee

IGM Biosciences, Inc.

Lease termination effective May 31, 2025 for two Mountain View premises totaling ~34,112 rentable sq ft.
Company to pay $14.2M termination fee (net of $0.2M security deposit credit) within 3 business days.
Furniture, fixtures, and equipment conveyed to landlord on as-is basis, free of liens.
Must vacate and surrender premises by June 30, 2025 after decommissioning and hazardous material removal.
May 2025 base rent and operating expenses of $248,619.81 also due upon execution.

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