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
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| |
||
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
Not applicable
(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 (see General Instruction A.2. below):
| 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 |
Name of each exchange | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 21, 2022, Synlogic Operating Company, Inc. (“Synlogic OpCo”), a wholly-owned subsidiary of Synlogic, Inc. (the “Company”), entered into two Statements of Work (the “SOWs”) with Azzur Cleanrooms-On-Demand – Boston, LLC, (“Azzur”) pursuant to a License and Services Agreement (the “License Agreement”), effective as of April 28, 2021, by and between Synlogic OpCo and Azzur.
Pursuant to the first of the SOWs (the “First SOW”), Synlogic OpCo has agreed to pay Azzur $650,000 to renovate and upgrade Azzur’s cleanroom space in Waltham, Massachusetts (the “Azzur Suite”) for Synlogic OpCo’s expanded use. The second of the SOWs (the “Second SOW”) replaces a previous SOW that Synlogic OpCo entered into with Azzur on April 29, 2021 (the “Previous SOW”). Pursuant to the Previous SOW, Synlogic OpCo was granted access to, and use of, the Azzur Suite for a period of 20 months, from May 2021 to December 2022 (the “Previous Term”). A copy of the Previous SOW is attached as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending June 30, 2021. The Second SOW replaces the Previous SOW for the period beginning January 2022 and extends the Previous Term through March 2023 (the “Term”). The total estimated project cost during the Term for access to, and use of, the renovated and upgraded Azzur Suite, and the personnel support and other services, is $2.4 million.
The summary of the First SOW and Second SOW is qualified in its entirety by reference to the full text of the First SOW and the Second SOW, copies of which will be attached as exhibits to the Company’s Annual Report on Form 10-K for the fiscal 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.
| Date: January 24, 2022 | Synlogic, Inc. | |||||
| By: | /s/ Gregg Beloff | |||||
| Name: | Gregg Beloff | |||||
| Title: | Interim Chief Financial Officer | |||||
Document and Entity Information |
Jan. 21, 2022 |
|---|---|
| Cover [Abstract] | |
| Security Exchange Name | NASDAQ |
| Amendment Flag | false |
| Entity Central Index Key | 0001527599 |
| Document Type | 8-K |
| Document Period End Date | Jan. 21, 2022 |
| Entity Registrant Name | SYNLOGIC, INC. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-37566 |
| Entity Tax Identification Number | 26-1824804 |
| Entity Address, Address Line One | 301 Binney St. |
| Entity Address, Address Line Two | Suite 402 |
| Entity Address, City or Town | Cambridge |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02142 |
| City Area Code | (617) |
| Local Phone Number | 401-9975 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock |
| Trading Symbol | SYBX |
| Entity Emerging Growth Company | false |