UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On September 26, 2022, the registrant and Columbus Day Realty, Inc. (the “Landlord”) entered into Amendment No. 6 to Commercial Lease (the “Lease Amendment”) to the lease agreement dated May 6, 2013 (as subsequently amended, the “Lease”) for its manufacturing facility located at 231 Andover Street, Wilmington, Massachusetts (the “Premises”).
The Lease Amendment extends the term of the Lease from December 31, 2022 to December 31, 2024. Beginning on January 1, 2023 and ending on December 31, 2023, the registrant is obligated to pay the Landlord rent at the rate of Fifteen Dollars ($14.00) per square foot for a total base rent of $91,980. The registrant’s monthly base rent will increase to Seventeen Dollars ($17.00) per square foot beginning on January 1, 2024 and ending on December 31, 2024 for a total base rent of $111,690.
The foregoing summary is qualified in its entirety by reference to the Lease Amendment, a copy of which will be attached as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 30, 2022 | T2 BIOSYSTEMS, INC. | |||||
| By: | /s/ John Sprague | |||||
| John Sprague | ||||||
| Chief Financial Officer | ||||||