Imara terminates Boston office lease early; pays $315k fee to reduce costs while exploring strategic alternatives

Enliven Therapeutics, Inc.

Terminated 9,236 sq ft office lease set to expire March 2027; termination contingent on landlord finding a new tenant.
Paid one-time termination fee of $315,000; Landlord may draw $175k existing letter of credit plus $140k cash.
Early termination intended to reduce operating expenses amid ongoing comprehensive strategic review to maximize stockholder value.
If no new lease executed within 30 days, or landlord terminates, agreement is void and partial termination fee returned.

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