Form 8-K - Current report
20 Ottobre 2023 - 10:06PM
Edgar (US Regulatory)
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2023-10-18
2023-10-18
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 18, 2023
TELA Bio, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-39130 |
|
45-5320061 |
(State or other jurisdiction of
incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
1 Great Valley Parkway, Suite 24
Malvern, Pennsylvania |
|
19355 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (484) 320-2930
Not Applicable
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, par value $0.001 per share |
|
TELA |
|
Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 1.01 |
Entry into a Material Definitive Agreement. |
On October 18, 2023, TELA Bio, Inc.
(the “Company”) and WPT Land 2 LP (the “Landlord”) entered into a Fourth Amendment to Lease Agreement
(the “Fourth Amendment”), amending that certain Lease Agreement, dated January 31, 2013 (as subsequently amended,
the “Lease Agreement”) relating to the Company’s corporate headquarters located at 1 Great Valley Parkway, Malvern,
Pennsylvania 19355. The Company’s corporate headquarters currently houses its research and development operations, controlled environment
room, and office space.
The Fourth Amendment extends the term of the Lease Agreement from May 31,
2028 to May 31, 2030. Pursuant to the Fourth Amendment, the Company has leased an additional 15,881 square feet from the Landlord
at the Company’s corporate headquarters commencing on December 1, 2023 (the “Expansion Premises”) and will
relinquish 4,652 square feet of non-contiguous space currently subject to the Lease Agreement on June 30, 2025 (the “Relinquished
Space”). The Expansion Premises will increase the Company’s total leased square footage in the building from 24,725 square
feet to 40,606 square feet, which will be subsequently reduced to 35,954 square feet as of June 30, 2025 following removal of the
Relinquished Space.
Beginning on December 1, 2023, the Company will pay a monthly
base rent of $49,403.97, which shall increase annually by $0.35 per rentable square foot beginning on June 1, 2024. On July 1,
2025, following the removal of the Relinquished Space, the Company will pay a monthly base rent of $45,841.35, which shall increase annually
by $0.35 per rentable square foot beginning on June 1, 2026.
The foregoing summary of the Fourth Amendment does not purport to be
complete and is qualified in its entirety by reference to the Fourth Amendment, which will be filed as an exhibit to the Company’s
Annual Report on Form 10-K for the year ended December 31, 2023.
SIGNATURES
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.
|
TELA BIO, INC. |
|
|
|
By: |
/s/ Antony Koblish |
|
Name: |
Antony Koblish |
|
Title: |
President, Chief Executive Officer and Director |
Date: October 20, 2023
v3.23.3
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Oct. 18, 2023 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
Oct. 18, 2023
|
Entity File Number |
001-39130
|
Entity Registrant Name |
TELA Bio, Inc.
|
Entity Central Index Key |
0001561921
|
Entity Tax Identification Number |
45-5320061
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
1 Great Valley Parkway
|
Entity Address, Address Line Two |
Suite 24
|
Entity Address, City or Town |
Malvern
|
Entity Address, State or Province |
PA
|
Entity Address, Postal Zip Code |
19355
|
City Area Code |
484
|
Local Phone Number |
320-2930
|
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Title of 12(b) Security |
Common Stock, par value $0.001 per share
|
Trading Symbol |
TELA
|
Security Exchange Name |
NASDAQ
|
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