secwatch.observer — SEC 8-K summary
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Issuer:     PROTHENA CORP PUBLIC LTD CO (PRTA)
CIK:        0001559053
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001559053-22-000040
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prothena enters sublease for 31,157 sq ft in Brisbane, CA; rent starts July 2023
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- PBI subleases ~31,157 sq ft from Arcus Biosciences at 1800 Sierra Point Parkway, Brisbane, CA.
- Term ends Sep 30, 2028; rent begins Jul 1, 2023 with monthly base rent ~$241,467 in year 1.
- Rent increases ~3.5% annually; first six months rent abated.
- Improvement allowance of ~$9.35M from sublandlord for construction and prep.
- Standby letter of credit ~$860,360 posted to secure obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559053/000155905322000040/0001559053-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559053/000155905322000040/prta-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001559053-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer