Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 252

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 2
Chunk 252
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Our corporate headquarters is located in San Diego, California, where we lease 77,828 square feet of office and laboratory space pursuant to a lease that expires in April 2032 and may be terminated early under certain circumstances. In January 2024, we entered into an agreement to sublease approximately 10,000 square feet of such office space. In connection with the subtenant exercising its option to terminate the sublease early, the term of this sublease will end on January 31, 2026. In July 2024, we entered into a second agreement to sublease approximately 18,000 square feet of such office space. The agreement has a term of 61 months beginning in October 2024, and includes an option for the subtenant to renew for an additional year and an early termination clause. In September 2024, we entered into a third agreement to sublease approximately 5,000 square feet of such office and laboratory space. The agreement has a term of one year and includes an option for the subtenant to renew for an additional year.

We also lease 29,542 square feet of office and laboratory space in South San Francisco, California, pursuant to a lease that expires in October 2032, with an option to extend the term by five years, subject to certain conditions. 

We believe our existing facilities are adequate to meet our current business requirements for the near term, and that additional space will be available on commercially reasonable terms, if required.