Summit Therapeutics Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
$SMMT
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 16, 2025
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Item 1.01 | Entry into a Material Definitive Agreement. | ||||
Effective June 16, 2025, Summit Therapeutics Inc. (the “Company”) entered into a sub-sublease between Ascendis Pharma, Inc., dated June 2, 2025, for 36,406 square feet of office space in Palo Alto, California (the “Sub-Sublease Agreement”). The effectiveness of the Sub-Sublease Agreement was conditioned upon obtaining the consent of the landlord and the sublandlord to the Sub-Sublease Agreement. The term of the Sub-Sublease Agreement commences on January 1, 2026 and expires on October 28, 2033. The average annual lease payments to be made by the Company under the Sub-Sublease Agreement will be approximately $2.8 million.
The foregoing description of the Sub-Sublease Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Sub-Sublease Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025.
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.
| SUMMIT THERAPEUTICS INC. | ||||||||
| Date: June 20, 2025 | By: | /s/ Manmeet S. Soni | ||||||
| Chief Operating Officer, Chief Financial Officer and Director | ||||||||
| (Principal Financial Officer) | ||||||||