---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-025550"
form_type: "8-K"
ticker: "PASG"
cik: "0001787297"
company_name: "Passage BIO, Inc."
filed_at: "2026-03-10T23:59:59+00:00"
generated_at: "2026-05-15T16:50:52.736204+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Passage Bio terminates Hopewell lease; pays $4.8M fee, cash runway to Q1 2027

## Summary
- Terminated 62,000 sq ft lab lease (15-year term from March 2021) via Termination Agreement dated March 4, 2026.
- Company paid ~$4.8M termination fee plus accrued rent through February 14, 2026.
- All operations at Hopewell facility ceased after January 2025 restructuring.
- Company expects existing cash to fund operations through Q1 2027, but actual burn may differ.

## SEC filing metadata
- accession: 0001104659-26-025550
- form_type: 8-K
- ticker: PASG
- cik: 0001787297
- company_name: Passage BIO, Inc.
- filed_at: 2026-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787297/000110465926025550/0001104659-26-025550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787297/000110465926025550/tm268398d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-025550
- JSON: https://secwatch.observer/filing/0001104659-26-025550.json
- Plain text: https://secwatch.observer/filing/0001104659-26-025550.txt

## Key facts
- Material Agreements
  Passage BIO, Inc. terminated Hopewell Lease Termination Agreement with Hopewell Campus Owner LLC valued at termination fee of approximately $4.8 million plus accrued rent through February 14, 2026 (effective 2026-03-04).
  - Action: termination
  - Agreement: lease
  - Counterparty: Hopewell Campus Owner LLC
  - Value: termination fee of approximately $4.8 million plus accrued rent through February 14, 2026
  - Effective: 2026-03-04
  source text: On March 4, 2026, Passage Bio, Inc. (the "Company") and Hopewell Campus Owner LLC (the "Landlord") entered into a lease termination agreement (the "Termination Agreement") with respect to that certain lease agreement dated December 15, 2020 between the Company and Landlord (the "Hopewell Lease").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787297/000110465926025550/0001104659-26-025550-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.