Ardelyx, Inc. Signs Material Definitive Agreement
Ticker: ARDX · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1437402
| Field | Detail |
|---|---|
| Company | Ardelyx, Inc. (ARDX) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $3.15 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
Related Tickers: ARDX
TL;DR
Ardelyx signed a big deal on Oct 3rd, details TBD.
AI Summary
On October 3, 2024, Ardelyx, Inc. entered into a Material Definitive Agreement. The filing does not disclose the specific nature or terms of this agreement, only that it is a significant definitive agreement.
Why It Matters
This filing indicates Ardelyx has entered into a significant new agreement, which could impact its future operations, partnerships, or financial standing.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty about its implications for Ardelyx.
Key Players & Entities
- ARDELYX, INC. (company) — Registrant
- October 3, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement Ardelyx, Inc. entered into?
The filing does not specify the nature or terms of the Material Definitive Agreement.
When did Ardelyx, Inc. enter into this agreement?
The earliest event reported date is October 3, 2024.
What is the filing type and date?
This is a Form 8-K filed on October 9, 2024, reporting an event from October 3, 2024.
What is Ardelyx, Inc.'s principal executive office address?
The address is 400 FIFTH AVE., SUITE 210, WALTHAM, MASSACHUSETTS 02451.
What is Ardelyx, Inc.'s telephone number?
The telephone number is (510) 745-1700.
Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-09 16:04:35
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 ARDX The Nasdaq Global Market Indicat
- $3.15 — nt will equal three and 15/100 dollars ($3.15) per square foot of rentable area of th
Filing Documents
- ardx-20241003.htm (8-K) — 28KB
- exhibit101-ardelyxxlease.htm (EX-10.1) — 525KB
- exhibit102-ardenwoodxardel.htm (EX-10.2) — 31KB
- ardx-20241003_g1.jpg (GRAPHIC) — 3KB
- 0001628280-24-042602.txt ( ) — 826KB
- ardx-20241003.xsd (EX-101.SCH) — 2KB
- ardx-20241003_lab.xml (EX-101.LAB) — 22KB
- ardx-20241003_pre.xml (EX-101.PRE) — 13KB
- ardx-20241003_htm.xml (XML) — 2KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 3, 2024, Ardelyx, Inc. (the "Company") and BMR-Pacific Research Center LP (the "Landlord") entered into a Lease Agreement (the "New Fremont Lease") whereby the Company will lease approximately 15,000 square feet on the first floor (the "New Fremont Premises") of the building located at 7999 Gateway Boulevard, Newark, California. The initial term of the New Fremont Lease will be thirty-nine (39) months and the Company will have one (1) option to extend the term by sixty (60) months. The Company has requested certain tenant improvements be made to the New Fremont Premises, which the Landlord will conduct at Landlord's expense. The initial term of the New Fremont Lease will commence once the tenant improvements are complete, which is estimated to be February 10, 2025. The initial monthly base rent will equal three and 15/100 dollars ($3.15) per square foot of rentable area of the New Fremont Premises and will be subject to an annual upward adjustment of three and a half percent (3.5%) of the then-current base rent. In connection with entering into the New Fremont Lease, the Company and the Landlord entered into a sixth amendment (the "Sixth Amendment") to the Company's existing lease (the "Existing Fremont Lease") whereby the Company leases certain premises at 34175 Ardenwood Boulevard in Fremont, California, which amends the expiration date of the Existing Fremont Lease to be the date that is the later of (a) March 10, 2025, and (b) the date that is the actual "Term Commencement Date" under the New Fremont Lease. The foregoing description of the terms of the New Fremont Lease and the Sixth Amendment to the Existing Fremont Lease are not complete and are qualified in their entirety by reference to the New Fremont Lease and the Sixth Amendment to the Existing Fremont Lease, which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by r
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Lease Agreement, dated October 3, 2024, by and between Ardelyx, Inc. and BMR-Pacific Research Center LP 10.2 Sixth Amendment to Lease, dated May 25, 2021, by and between Ardelyx, Inc. and 34175 Ardenwood Venture, LLC 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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: October 9, 2024 ARDELYX, INC. By: /s/ Justin Renz Justin Renz Chief Financial and Operations Officer