Arcellx Inc (ACLX) has released an update to notify the public and investors about a termination of a material definitive agreement.
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Arcellx, Inc. assigned its lease for its current headquarters at 25 West Watkins Mill Road, Gaithersburg, MD, to a sublessee on January 30, 2024. Following this assignment, the company’s board of directors approved the relocation of the headquarters to the existing office space at 800 Bridge Parkway, Redwood City, CA, effective immediately on the same date.
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For a comprehensive understanding of the announcement, you can read the full document here.