Scholar Rock Holding Corp. Enters Material Definitive Agreement
Ticker: SRRK · Form: 8-K · Filed: May 14, 2024 · CIK: 1727196
Sentiment: neutral
Topics: material-definitive-agreement, partnership, contract
Related Tickers: SRRK
TL;DR
SRRK signed a big deal, details TBD.
AI Summary
On May 14, 2024, Scholar Rock Holding Corp. entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement, such as the counterparty or financial terms, but indicates a significant event for the company.
Why It Matters
This filing signifies a potentially significant development for Scholar Rock Holding Corp., indicating a new contract or partnership that could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the Material Definitive Agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- Scholar Rock Holding Corp. (company) — Registrant
- May 14, 2024 (date) — Date of Report
- 301 Binney Street, 3rd Floor, Cambridge, MA 02142 (location) — Principal Executive Offices
FAQ
What is the nature of the Material Definitive Agreement entered into by Scholar Rock Holding Corp.?
The filing states that Scholar Rock Holding Corp. entered into a Material Definitive Agreement on May 14, 2024, but does not provide specific details about the agreement itself.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the name of the counterparty to the Material Definitive Agreement.
What are the key financial terms or obligations associated with this agreement?
The filing does not specify any financial terms or obligations related to the Material Definitive Agreement.
When was the Material Definitive Agreement officially entered into?
The Material Definitive Agreement was entered into on May 14, 2024.
Does this agreement represent a new partnership, acquisition, or other significant business transaction?
The filing indicates a 'Material Definitive Agreement' which suggests a significant business transaction, but the specific type of transaction is not detailed.
Filing Stats: 562 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-05-14 07:15:13
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SRRK Nasdaq Global Select
- $120 — n Term") with the base rent to start at $120 per square foot during the First Extens
- $6.2 million — and total base rent to be approximately $6.2 million per year. Pursuant to the Lease Amendme
Filing Documents
- srrk-20240514x8k.htm (8-K) — 32KB
- 0001558370-24-008057.txt ( ) — 149KB
- srrk-20240514.xsd (EX-101.SCH) — 3KB
- srrk-20240514_lab.xml (EX-101.LAB) — 16KB
- srrk-20240514_pre.xml (EX-101.PRE) — 10KB
- srrk-20240514x8k_htm.xml (XML) — 5KB
01. Entry Into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement Amendment to Lease Agreement On May 13, 2024, Scholar Rock, Inc. ("Scholar Rock") and BMR-Rogers Street LLC (the "Landlord") entered into the First Amendment (the "Lease Amendment") to the Lease Agreement (the "Lease"), dated November 5, 2019, by and between Scholar Rock and the Landlord. The Lease is for 51,408 square feet of laboratory and office space located at 301 Binney Street, Cambridge, Massachusetts 02142, the Company's corporate headquarters. Pursuant to the Lease Amendment, Scholar Rock and Landlord agreed to extend the term of the Lease for approximately two years, commencing on August 19, 2025 (the "First Extension Term") with the base rent to start at $120 per square foot during the First Extension Term and total base rent to be approximately $6.2 million per year. Pursuant to the Lease Amendment, Scholar Rock also has an option to extend the term of the Lease by five years, upon the expiration of the First Extension Term at the then prevailing market rent. The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the Lease Amendment, which we intend to file as an exhibit to our Form 10-Q for the fiscal quarter ending June 30, 2024. SIGNATURE 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. Scholar Rock Holding Corporation Date: May 14, 2024 By: /s/ Junlin Ho Junlin Ho General Counsel and Corporate Secretary