Boundless Bio terminates 80,168 sq ft San Diego lease; pays $10M, forfeits $0.5M deposit

Boundless Bio, Inc.

Lease originally set to expire Oct 2034; terminated effective May 31, 2026.
Company pays $10.0M lease modification payment plus $0.5M security deposit to landlord ARE-10933 North Torrey Pines.
Condition precedent satisfied: Landlord has leased premises to a new tenant.
Lease termination affects Company's lab and office space at 10955 Alexandria Way, San Diego.

Key facts

Extracted from this filing and checked against the source text.

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

Boundless Bio, Inc. terminated Lease Termination Agreement with ARE-10933 North Torrey Pines, LLC valued at $10.0 million (effective 2026-04-13).

Action: termination
Agreement: lease
Counterparty: ARE-10933 North Torrey Pines, LLC
Value: $10.0 million
Effective: 2026-04-13

Exact text from the filing

On April 13, 2026, Boundless Bio, Inc. (the "Company") entered into an Agreement for Termination of Lease and Voluntary Surrender of Premises (the "Lease Termination Agreement") with ARE-10933 North Torrey Pines, LLC ("Landlord"), pursuant to which the Company and Landlord agreed to terminate that certain Lease Agreement dated as of December 20, 2021

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Boundless Bio, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-153076

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