other material
confidence high
sentiment positive
materiality 0.55
Calidi Biotherapeutics signs new lease expected to save ~$1.1M/year in rent and facility costs
Calidi Biotherapeutics, Inc.
- New 44-month lease for 9,038 sq ft at 5580 Morehouse Drive, San Diego, starting Oct 1, 2026.
- Prior lease at 4475 Executive Drive terminated effective Sept 30, 2026; no early termination fee.
- Estimated annual savings of ~$1.1M in rent and facility-related expenses.
- Initial monthly base rent $51,968.50 ($5.75/sq ft), escalating 3% annually.
- Letter of credit of $113,574.78 required within 10 days.