Current Report Filing (8-k)
December 29 2017 - 5:18PM
Edgar (US Regulatory)
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): December 27, 2017
POLARITYTE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
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000-51128
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06-1529524
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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615
Arapeen Drive
Salt
Lake City, UT 84108
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code:
(732) 225-8910
Please
send copies of all communications to:
(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:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 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.
PolarityTE,
Inc. (the “Company”)
entered into a commercial lease
agreement (the “Lease”) with Adcomp LLC, a Utah limited liability company (the “Landlord”), pursuant to
which the Company shall lease approximately 178,528 rentable square feet of office and lab space in Salt Lake City, Utah
from the Landlord. Pursuant to the terms of the Lease, the initial term shall be for five years (the “Lease Term”)
expiring on November 30, 2022, with one, five-year option to renew. The initial base rent shall be $98,190 per month ($0.55 per
sq. ft.) for the first year of the Lease Term and shall escalate at the rate of 3.0% per annum thereafter.
The
foregoing description of the Lease is a summary only and does not purport to set forth the complete terms of the Lease and is
qualified in its entirety by reference to the Lease filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby
incorporated by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
The
exhibits listed in the following Exhibit Index are filed as part 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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POLARITYTE,
INC.
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Dated:
December 29, 2017
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/s/
John Stetson
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John
Stetson
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Chief
Financial Officer
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