Ardelyx signs lease for 15,012 sq ft Newark office; existing Fremont lease amended

ARDELYX, INC.

Initial 39-month term starting ~Feb 10, 2025; one 60-month extension option.
Initial base rent $3.15/sq ft/month ($47,288/month); 3.5% annual escalations.
Sixth amendment extends existing Fremont lease to later of March 10, 2025 or new lease commencement.
Landlord will fund tenant improvements; tenant responsible for change-request costs.
Lease includes $141,863 letter of credit requirement.

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