{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-012654","form_type":"8-K","ticker":"PASG","cik":"0001787297","company_name":"Passage BIO, Inc.","filed_at":"2024-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.526032+00:00","generated_at":"2026-05-31T06:06:03.392316+00:00","sec_items":["2.06"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Passage Bio expects $3.5M-$5.5M impairment charge on sublease of lab space","bullets":["Subleased 3,200 sq ft (5% of 62,000 sq ft lab) in Hopewell, NJ; term Sept 2024 to Sept 2029, option to extend to 2032.","Expects pre-tax impairment of $3.5M-$5.5M in Q3 2024 for ROU assets, leasehold improvements, and lab equipment.","Impairment is non-cash; cash runway to fund operations through Q2 2026 unchanged.","Annual sublease rent ~$0.1M (escalates 2.5%/yr); expected to reduce GAAP net loss by $0.1-$0.2M annually.","Company pursuing additional subleases to further offset lease obligations from prior corporate developments."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-012654","json":"https://secwatch.observer/filing/0001558370-24-012654.json","markdown":"https://secwatch.observer/filing/0001558370-24-012654.md","text":"https://secwatch.observer/filing/0001558370-24-012654.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1787297/000155837024012654/0001558370-24-012654-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1787297/000155837024012654/pasg-20240904x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:06:03.392316+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}