Form 8-K - Current report
January 05 2024 - 8:30AM
Edgar (US Regulatory)
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0001454789
0001454789
2024-01-03
2024-01-03
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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):
January 3, 2024
Astria Therapeutics, Inc.
(Exact name of registrant as specified in
its charter)
Delaware |
|
001-37467 |
|
26-3687168 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification No.) |
75
State Street
Suite
1400 |
|
|
Boston,
Massachusetts |
|
02109 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s telephone number, including
area code: (617) 349-1971
(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 provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered
pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, $0.001 par
value per share |
|
ATXS |
|
The Nasdaq Stock
Market LLC |
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 of 1934 (§ 240.12b-2 of this chapter).
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 1.01 | Entry into a Material Definitive Agreement. |
On January 3, 2024, Astria Therapeutics, Inc. (the “Company”)
entered into a sublease agreement (the “Sublease Agreement”) with Duck Creek Technologies LLC, a Delaware limited liability
company (the “Sublandlord”), pursuant to which the Company will sublease approximately 30,110 square feet of office space
located at 22 Boston Wharf Road, Boston, Massachusetts 02210 (the “Premises”). The Premises is the subject of a lease, dated
as of August 7, 2017, by and between MEPT Seaport 13 Stillings LLC, a Delaware limited liability company (the “Landlord”),
and the Sublandlord, as tenant (the “Lease”).
The term of the sublease of the Premises to the Company under the Sublease
Agreement is scheduled to commence on the later to occur of (i) June 1, 2024 and (ii) the date that the Landlord grants
its consent to the Sublease Agreement and will end on November 30, 2028 (or on such earlier date as the term may sooner cease or
expire as set forth in the Sublease Agreement). If the Landlord fails to deliver its consent within 15 business days after the mutual
execution and delivery of the Sublease Agreement, the Company has the right to terminate the Sublease Agreement, in accordance with the
terms set forth therein.
The Company’s obligation for the payment of a fixed annual base
rent for the Premises begins on September 1, 2024 and will initially be $130,476.67 per month. From September 1, 2025 through
August 31, 2026, the base rent per month will be $133,086.20, from September 1, 2026 through August 31, 2027, the base
rent per month will be $135,745.91, from September 1, 2027 through August 31, 2028, the base rent per month will be $138,455.81
and from September 1, 2028 through November 30, 2028, the base rent per month will be $141,240.00.
In connection with its entry into the Sublease Agreement, the Company
is obligated to deposit $391,430.01 with the Sublandlord as a security deposit for the Company’s performance of its obligations
under the Sublease Agreement.
The Sublandlord has the right to terminate the Sublease Agreement upon
customary events of default and shall be entitled to exercise the rights and remedies reserved by the Landlord in the Lease.
The foregoing summary of the Sublease Agreement does not purport to
be complete and is qualified in its entirety by reference to the full text of the Sublease Agreement, a copy of which the Company will
file with the Securities and Exchange Commission as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2023.
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.
|
|
|
Astria
Therapeutics, INC. |
|
|
|
|
Date: |
January 5, 2024 |
By: |
/s/
Ben Harshbarger |
|
|
|
Ben
Harshbarger
Chief Legal Officer |
v3.23.4
Cover
|
Jan. 03, 2024 |
Cover [Abstract] |
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Document Period End Date |
Jan. 03, 2024
|
Entity File Number |
001-37467
|
Entity Registrant Name |
Astria Therapeutics, Inc.
|
Entity Central Index Key |
0001454789
|
Entity Tax Identification Number |
26-3687168
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
75
State Street
|
Entity Address, Address Line Two |
Suite
1400
|
Entity Address, City or Town |
Boston
|
Entity Address, State or Province |
MA
|
Entity Address, Postal Zip Code |
02109
|
City Area Code |
617
|
Local Phone Number |
349-1971
|
Written Communications |
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Soliciting Material |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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|
Title of 12(b) Security |
Common Stock, $0.001 par
value per share
|
Trading Symbol |
ATXS
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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