other_material
confidence high
sentiment neutral
materiality 0.30
Candel Therapeutics extends office lease through August 2029
Candel Therapeutics, Inc.
- Lease term extended from August 31, 2026 to August 31, 2029 for 15,197 sq ft in Needham, MA.
- Base rent from Sept 2026: $607,880/yr increasing by ~$15,197 annually to $638,274/yr by lease year 10.
- No option to extend beyond the Extended Term; premises accepted 'AS-IS' with no landlord improvements.
- The amendment updates base rent schedule and landlord address; no other material changes to lease.
item 1.01item 9.01