8-K - Senti Biosciences, Inc. | StockGist

AI Analysis

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Senti Biosciences, Inc. entered into a First Amendment to Lease effective September 1, 2025, reducing leased premises from approximately 91,910 to 45,955 rentable square feet and monthly base rent starting at $188,311, with the landlord entitled to draw $2.0 million from the company's letter of credit. Related amendments to sublease with GeneFab, LLC and landlord consent involve matching rent terms, a $1.0 million reduction fee, and settlement of GeneFab's $1,374,005 outstanding rent via prepayment credit.

Key Takeaways

1Leased premises reduced from ~91,910 to ~45,955 rentable sq ft effective 2025-09-01

2Monthly base rent: $188,311 (2025-09-01 to 2026-07-31), $193,960 (2026-08-01 to 2027-07-31), up to $293,010 (2022-08-01 to 2032-08-31)

3Landlord draws $2.0M from $2.76M letter of credit; remaining LC reduced to $760,000

4Sublease with GeneFab amended to match reduced premises and rent terms

5GeneFab or Company pays $1.0M Reduction Fee to landlord

6GeneFab's $1,374,005 outstanding rent satisfiable via prepayment credit by 2026-09-01; potential $2.0M additional credit

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement. Lease Amendment On March 17, 2026, Senti Biosciences, Inc. (the “Company”) entered into a First Amendment to Lease (

Material Agreement

$188.3K$194.0K$252.8K$260.3K

9.01

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATUR

Exhibits Only

Transaction Details

Material Agreement

Agreement: First Amendment to Lease (Lease Amendment); First Amendment to Sublease (Sublease Amendment); First Amendment to Landlord’s Consent to Sublease (Consent Amendment); Letter Agreement
Parties: Senti Biosciences, Inc., 1430 South Loop Owner, LLC (Landlord), GeneFab, LLC

•Effective Date: 2025-09-01 for amendments entered March 17, 2026
•Premises at 1430 Harbor Bay Parkway, Alameda, California
•Reduction in leased premises from ~91,910 to ~45,955 rentable sq ft
•Monthly base rent schedule under Amended Lease: $188,311 (2025-09-01 to 2026-07-31), $193,960 (2026-08-01 to 2027-07-31), $252,752 (2027-08-01 to 2028-07-31), $260,336 (2028-08-01 to 2029-07-31), $268,145 (2029-08-01 to 2030-07-31), $276,189 (2030-08-01 to 2031-07-31), $284,475 (2021-08-01 to 2032-07-31), $293,010 (2032-08-01 to 2032-08-31)
•Proportionate share of operating expenses and taxes reduced to 50%; 100% utilities responsibility until re-let
•Landlord entitled to draw $2.0M from existing $2.76M letter of credit; reduced to $760,000 thereafter
•Subleased premises reduced to ~45,955 sq ft; GeneFab base rent, op ex, taxes, utilities match Amended Lease
•$1.0M Reduction Fee paid to Landlord by Company or GeneFab
•GeneFab outstanding base rent $1,374,005 satisfiable via prepayment credit for work/services or cash by 2026-09-01
•If $2.0M LC drawn, Company accesses equivalent prepayment credit from GeneFab starting 2026-09-01

Exhibits (1)

8-K