other material
confidence high
sentiment neutral
materiality 0.55
BiomX subsidiary settles lease default with $800K payment, terminates Gaithersburg lease
BiomX Inc.
- Seventh Amendment terminates lease for BiomX subsidiary Adaptive Phage Therapeutics effective Dec 31, 2025.
- APT pays landlord $800,000 one-time cash payment; $153,557.68 letter of credit drawn by landlord.
- Landlord dismisses existing repossession action with prejudice within 2 business days.
- Landlord releases APT and BiomX from all further lease obligations, subject to limited survivals.
- APT must remove personal property within 75 days and deliver decommissioning report.