other material
confidence high
sentiment negative
materiality 0.75
Bolt Biotherapeutics Amends Redwood City Lease, Pays $1.0M and Accelerates Expiration
Bolt Biotherapeutics, Inc.
- Bolt Biotherapeutics entered a Second Amendment to its Chesapeake Master Lease with landlord HCP LS Redwood City LLC on October 1, 2026.
- The company paid $1.0 million and acknowledged HCP LS Redwood City LLC can draw the existing $1.5 million letter of credit in its entirety.
- Lease expiration is accelerated to December 31, 2027, or earlier after closing a financing or other Corporate Transaction.
- A Corporate Transaction closing would trigger an additional $4.5 million termination payment to the landlord.
- Bolt will remit 100% of sublease rent and common area maintenance payments from 800 Building subtenants to the landlord.