Business Context and Reporting Period
This Form 8-K was filed by Aerpio Pharmaceuticals, Inc. on March 29, 2018. The filing reports the entry into a material definitive agreement regarding the company's office lease. Note: While the request metadata references "Whitehawk Therapeutics, Inc.", the filing text explicitly identifies the registrant as Aerpio Pharmaceuticals, Inc.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the terms of a lease amendment.
- Lease Term Extension: Extended until July 31, 2021.
- Minimum Annual Rent: Initial rate of $15.00 per square foot starting August 1, 2018, with annual increases of $0.38 per square foot.
- Monthly Rental Installments: Initial amount of $9,475 per month starting August 1, 2018, with annual increases.
- Renewal Option: One successive period of five years.
Material Changes
The primary material change is the Fourth Amendment to the Office Lease. Key changes include:
- Assignment and Assumption: Aerpio Therapeutics, LLC (a wholly-owned subsidiary) assigned all rights and interests in the lease to Aerpio Pharmaceuticals, Inc., which assumed all rights and obligations.
- Term Extension: The lease term was extended from its previous expiration date to July 31, 2021.
- Rent Adjustment: Implementation of a new rent structure effective August 1, 2018.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. The document does not disclose specific risks or contingencies beyond the standard obligations of the lease agreement. No unusual items were reported.
Investor Verification Checklist
- Verify the total square footage of the leased premises to calculate the total annual rent obligation.
- Confirm the exact expiration date of the prior lease to understand the duration of the extension.
- Review the full text of Exhibit 10.1 for details on annual increase calculations and renewal option terms.
- Check subsequent filings to confirm if the lease was renewed under the five-year option.