secwatch.observer — SEC 8-K summary
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Issuer:     Finch Therapeutics Group, Inc. (FNCHQ)
CIK:        0001733257
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-236296
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Finch Therapeutics signs 10-year lease for 61K sq ft in Charlestown; base rent ~$4.5M
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- Sub Finch Therapeutics Inc. leases ~61,139 sq ft office/lab at 100 Hood Park Drive, Charlestown, MA.
- Initial term of 10 years from Rent Commencement Date (earlier of Jan 1, 2022 or operations start).
- Annual base rent starts ~$4.5M, increasing 2.8% per year to max ~$5.8M during initial term.
- Tenant improvement allowance of ~$14.8M; letter of credit ~$2.3M required as security deposit.
- Option to extend Lease for one additional five-year term; right of first offer on nearby spaces.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1733257/000119312521236296/0001193125-21-236296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1733257/000119312521236296/d202518d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236296

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