other material
confidence high
sentiment neutral
materiality 0.35
International Stem Cell terminates headquarters lease early; no termination fee
International Stem Cell CORP
- Lease for 5950 Priestly Drive, Carlsbad, CA terminated effective no later than Dec 31, 2021.
- Original lease was set to expire March 1, 2023.
- Landlord is S Real Estate Holdings LLC, owned by EVP/CSO Russell Kern and formerly by CEO Andrey Semechkin.
- No termination fee payable; December 2021 base rent obligation released.
- Company must surrender premises per Termination Agreement section 1.