secwatch.observer — SEC 8-K summary
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Issuer:     MACROGENICS INC (MGNX)
CIK:        0001125345
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001125345-22-000111
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

MacroGenics extends office lease to 2035, with options to 2045
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- Amended lease for 122,600 sq ft at Rockville, MD headquarters; term now ends Dec 31, 2035.
- Base rent starts at $46.37/sq ft, escalating 3% annually; two 5-year extension options to 2045.
- Landlord grants 50% rent abatement for first 24 months of the modified term.
- Lease originally ran to Aug 2027; amendment executed Dec 14, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1125345/000112534522000111/0001125345-22-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1125345/000112534522000111/mgnx-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001125345-22-000111

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