Cartesian leases 20K sq ft cGMP facility in Frederick, MD; director resigns

Cartesian Therapeutics, Inc.

Leased ~20,000 sq ft manufacturing/office space at 7495 New Horizon Way, Frederick, MD.
Initial term from April 2024 to May 2031 (7 years) with one 5-year extension option.
Base rent $902,353/year ($47/sq ft) with 3% annual escalation.
Director Aymeric Sallin resigned from board effective immediately, not due to disagreement.
Facility to support cGMP manufacturing for autoimmune disease pipeline; Phase 2b Descartes-08 data due mid-2024.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Aymeric Sallin

Director

RNAC · Cartesian Therapeutics, Inc.

Effective: 2024-02-28
Filed: March 5, 2024, 6:59 PM ET

On February 28, 2024, Aymeric Sallin, a member of the Board of Directors (the “Board”) of the Company, notified the Company of his resignation from the Board, effective immediately, to pursue other opportunities.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aymeric Sallin resigned as Director at Cartesian Therapeutics, Inc..

Action: resigned
Role: Director

Exact text from the filing

On February 28, 2024, Aymeric Sallin, a member of the Board of Directors (the “Board”) of the Company, notified the Company of his resignation from the Board, effective immediately, to pursue other opportunities.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cartesian Therapeutics, Inc. entered into Lease Agreement with 7495 RP, LLC valued at Initial base rent of $902,353 per year for approximately 20,000 leasable square feet (effective 2024-02-28).

Action: entry
Agreement: lease
Counterparty: 7495 RP, LLC
Value: Initial base rent of $902,353 per year for approximately 20,000 leasable square feet
Effective: 2024-02-28

Exact text from the filing

On February 28, 2024, Cartesian Therapeutics, Inc. (the “Company”) entered into a lease agreement with 7495 RP, LLC (the “Landlord”), pursuant to which the Company agreed to lease from the Landlord the manufacturing space located at 7495 New Horizon Way, Frederick, Maryland 21702 (the “Lease Agreement”).

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737 material agreements filed in the last 30 days. Browse all material agreements →

Cartesian Therapeutics, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-011282

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