Liquidia Technologies, Inc. has announced an Eighth Amendment to its Lease Agreement with Durham KEYSTONE Tech 4, LLC. The term of the lease has been extended for a period of sixty-two months, commencing on November 1, 2026, and expiring on December 31, 2031. The monthly base rent for the lease will increase over this period, starting at $136,224.48 and reaching $157,907.66 by the end of 2031. However, Liquidia Technologies, Inc. will have no obligation to pay any base rent for the first two calendar months of the Eighth Amendment Extension Period, provided it is not in default of the lease terms.
Additionally, the company's responsibility for Tenant’s Proportionate Share of TICAM Expenses will be reset, with the current monthly amount being $26,903.15, which is calculated to recognize the current "cap" on Controllable TICAM.
Furthermore, certain provisions regarding insurance and subrogation have been amended and replaced in the Lease Agreement, with Tenant being required to maintain various types of insurance coverages at its sole cost and expense.
As a result of these announcements, the company's shares have moved 1.1% on the market, and are now trading at a price of $11.54. If you want to know more, read the company's complete 8-K report here.
