MEI Pharma Inc. filed SEC Form 8-K: Other Events
$MEIP
Biotechnology: Pharmaceutical Preparations
Health Care
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 18, 2024
(Exact name of registrant as specified in its charter)
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Registrant's telephone number, including area code (858 ) 369-7100
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
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Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
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Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On June 18, 2024, MEI Pharma, Inc. (the “Company”), as tenant, entered into a Lease Termination Agreement (“Agreement”) with AAT
Torrey Plaza, LLC., as landlord, for the Company’s offices at 11455 El Camino Real, Suite 200 and Suite 250, San Diego, California (the “Premises”). Under the Agreement, the lease will be terminated as of September 30, 2024, rather than its scheduled
expiration date of November 30, 2029. The Company entered into the Agreement to terminate the lease for the Premises early as part of ongoing efforts to reduce operating expenses and consolidate its business. The Company will pay the landlord a
termination fee (the “Termination Fee”) totaling approximately $11.1 million, representing a savings over the term of lease of approximately $3.7 million, before fees and other expenses. Early termination of the lease will result in an annual average
reduction of operating expenses of approximately $2.6 million. The Company continues to believe, after paying the Termination Fee and associated fees and expenses, that its resources will be sufficient to fund its operations for at least 12 months
from the issuance of this Current Report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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Date:
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June 25, 2024
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By:
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/s/ Justin J. File
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Justin J. File
Chief Financial Officer and Secretary |