UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Common Stock, $0.0001 par value per share | GBIO | Nasdaq Global Select Market |
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Item 1.02 Termination of a Material Definitive Agreement.
As previously reported, on July 13, 2021, Generation Bio Co. (the “Company”) entered into a lease agreement (the “Lease”) with Zinc II PropCo 2020, LLC, a Delaware limited liability company (together with its successors, agents and assigns, the “Landlord”), pursuant to which the Company leased approximately 104,000 square feet of a manufacturing facility located at 41 Seyon Street, Waltham, Massachusetts 02453 (the “Facility”). The material terms of the Lease were included in Item 1.01 of the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on July 14, 2021, which is incorporated by reference herein. The description of the Lease incorporated by reference is not complete and is subject to and qualified in its entirety by the Lease, a copy of which was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2021, filed with the Commission on November 10, 2021.
On January 31, 2024, the Company notified the Landlord of the termination of the Lease due to the Landlord’s breach of its obligations to the Company under the Lease and returned possession of the premises to the Landlord. The Landlord has informed the Company that it disputes the Company’s claims of breach of the Lease and the Company’s right to terminate the Lease (even if it were in breach) and reserves all rights and remedies under the Lease and state law. In the event of any further action by the Landlord, the Company intends to defend its right to terminate the Lease.
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.
GENERATION BIO CO. | ||
Date: February 2, 2024 | By: | /s/ Matthew Norkunas |
Name: Matthew Norkunas, M.D., M.B.A. | ||
Title: Chief Financial Officer |