Scholar Rock Holding Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement
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Item 1.01. Entry Into a Material Definitive Agreement
Amendment to Lease Agreement
On May 13, 2024, Scholar Rock, Inc. (“Scholar Rock”) and BMR-Rogers Street LLC (the “Landlord”) entered into the First Amendment (the “Lease Amendment”) to the Lease Agreement (the “Lease”), dated November 5, 2019, by and between Scholar Rock and the Landlord. The Lease is for 51,408 square feet of laboratory and office space located at 301 Binney Street, Cambridge, Massachusetts 02142, the Company’s corporate headquarters.
Pursuant to the Lease Amendment, Scholar Rock and Landlord agreed to extend the term of the Lease for approximately two years, commencing on August 19, 2025 (the “First Extension Term”) with the base rent to start at $120 per square foot during the First Extension Term and total base rent to be approximately $6.2 million per year. Pursuant to the Lease Amendment, Scholar Rock also has an option to extend the term of the Lease by five years, upon the expiration of the First Extension Term at the then prevailing market rent.
The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the Lease Amendment, which we intend to file as an exhibit to our Form 10-Q for the fiscal quarter ending June 30, 2024.
SIGNATURE
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: May 14, 2024 | By: | /s/ Junlin Ho |
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| Junlin Ho |
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| General Counsel and Corporate Secretary |