UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On June 16, 2021, Sutro Biopharma, Inc. (the “Company”) entered into a third amendment (the “Third Amendment”) to its manufacturing facility lease, dated May 18, 2011 as amended, by and between the Company and Alemany Plaza LLC, located at 894 Industrial Road, San Carlos, California (the “San Carlos Lease”), in order to extend the term of the San Carlos Lease for a period of five years (the “Lease Extension Period”). Pursuant to the Third Amendment, the San Carlos Lease will expire on July 31, 2026, and it includes an option to renew the San Carlos Lease for an additional five years. The aggregate estimated base rent payments due over the Lease Extension Period is approximately $4.2 million, subject to certain terms contained in the San Carlos Lease.
The foregoing description of the Third Amendment to the San Carlos Lease is qualified in its entirety by reference to the Third Amendment to the San Carlos Lease, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.
The information set forth above in Item 1.01 of this Current Report on Form 8-K regarding the Third Amendment to the San Carlos Lease is incorporated into this Item 2.03 by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Sutro Biopharma, Inc. |
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Date: June 17, 2021 |
By: |
/s/ Edward Albini |
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Edward Albini |
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Chief Financial Officer |