Codexis assigns San Carlos lease to Vaxcyte, cuts office footprint by 36,593 sq ft

CODEXIS, INC.

Assigns ~36,593 sq ft office lease at 825 Industrial Rd, San Carlos, CA to Vaxcyte.
Landlord releases Codexis from future lease obligations; returns $0.4M security deposit (letter of credit).
Codexis to prepay three months' base rent and certain tenant-improvement amounts under Assignment Agreement.
Assignment to occur by Jan 1, 2024; part of strategy to focus resources on highest-opportunity programs.

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