UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.02. | Termination of a Material Definitive Agreement. |
On August 11, 2023, Frequency Therapeutics, Inc. (the “Company”) entered into a Termination Agreement with LS 75 Hayden LLC (“Landlord”) for certain premises located at 75 Hayden Avenue, Lexington, Massachusetts (the “Lease Termination Agreement”). The Lease Termination Agreement provides that the Indenture of Lease (the “Master Lease”), dated as of January 7, 2020, by and between the Company and the Landlord will terminate on January 31, 2024. The Master Lease was previously scheduled to terminate, in accordance with its terms, on May 31, 2031, unless sooner terminated in accordance with the terms and conditions of the Master Lease. The Company is not subject to any payments or costs pursuant to the Lease Termination Agreement.
Also on August 11, 2023, the Company entered into a Sublease Termination Agreement with Saliogen Therapeutics, Inc. (“Subtenant”), pursuant to which the parties agreed to terminate that certain Sublease Agreement, by and between the Company and Subtenant, dated as of July 8, 2022 (the “Sublease”), on January 31, 2024 (the “Sublease Termination Agreement”). Under the Sublease, the Subtenant leases approximately 30,040 rentable square feet on the third floor of the building located at 75 Hayden Avenue, Suite 300, Lexington, Massachusetts. The Sublease was previously scheduled to terminate, in accordance with its terms, on July 31, 2024, unless sooner terminated in accordance with the terms and conditions of the Sublease. The Company is not subject to any payments or costs pursuant to the Sublease Termination Agreement.
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.
| FREQUENCY THERAPEUTICS, INC. | ||||||
| Date: August 15, 2023 | By: | /s/ David L. Lucchino | ||||
| Name: | David L. Lucchino | |||||
| Title: | President and Chief Executive Officer | |||||