other material
confidence high
sentiment neutral
materiality 0.30
Aligos extends South San Francisco HQ lease to 2034 with rent escalations and termination options
Aligos Therapeutics, Inc.
- Lease term extended from March 31, 2027 to March 31, 2034 for One Corporate Drive, 2nd Floor, South San Francisco.
- Base rent per sq ft rises from $4.650 (Apr 2027-Mar 2028) to $5.716 (Apr 2033-Mar 2034).
- Ten-month rent abatement from April 1, 2027 to January 31, 2028, conditional on no material default.
- One-time option to terminate as of March 31, 2031, with $2,476,429.22 termination payment and notice by March 31, 2030.
- Penalty-free termination right if Company signs new lease for at least 60,000 sq ft in Landlord's project.