UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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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. |
On October 26, 2021, Adverum Biotechnologies, Inc. (“Adverum”), and Jaguar Gene Therapy, LLC (“Subtenant”) entered into a Sublease of the 173,820 sq. ft. facility located in Research Triangle Park, North Carolina (the “Building”) which Adverum leases from ARE-NC Region No. 21, LLC (the “Landlord”) under a Lease dated January 8, 2021 (the “Lease”). Also, on October 26, 2021, Adverum, the Subtenant and the Landlord entered into a Consent to Sublease and Second Amendment to Lease (reflecting Landlord’s approval of the Sublease). Pursuant to the Sublease, Subtenant will sublease from Adverum the entire Building for the full duration of and on substantially the same terms and conditions as the Lease, including: reimbursement of initial base rent payment made by Adverum; coverage of all monthly lease obligations; payment of the base and additional rent directly to the Landlord; completion of the tenant improvements; and depositing of a security deposit with Adverum equivalent to Adverum’s security deposit with Landlord.
The foregoing summary of the Sublease and Consent to Sublease and Second Amendment to Lease does not purport to be complete and is qualified in its entirety by reference to the full text of the Sublease and Consent to Sublease and Second Amendment to Lease, copies of which will be filed as exhibits to Adverum’s Annual Report on Form 10-K for the year ended December 31, 2021.
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.
| Adverum Biotechnologies, Inc. | ||||||
| Date: October 28, 2021 | By: | /s/ Laurent Fischer | ||||
| Laurent Fischer, M.D. | ||||||
| Chief Executive Officer | ||||||
Document and Entity Information |
Oct. 26, 2021 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001501756 |
| Document Type | 8-K |
| Document Period End Date | Oct. 26, 2021 |
| Entity Registrant Name | Adverum Biotechnologies, Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-36579 |
| Entity Tax Identification Number | 20-5258327 |
| Entity Address, Address Line One | 800 Saginaw Drive |
| Entity Address, City or Town | Redwood City |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94063 |
| City Area Code | (650) |
| Local Phone Number | 656-9323 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock |
| Trading Symbol | ADVM |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |