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): November 0615, 2024

Allakos Inc.

(Exact name of Registrant as Specified in Its Charter)


Delaware	001-38582	45-4798831
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

825 Industrial Road, Suite 500
San Carlos, California		94070
(Address of Principal Executive Offices)		(Zip Code)

    Registrant’s Telephone Number, Including Area Code: 650 597-5002

   

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	ALLK	The Nasdaq Global Select 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 ☐

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 21.0201 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

On November 615, 2024, Allakos Inc., (the “Company”), ~~issued~~entered ainto ~~press~~an ~~release~~Agreement ~~reporting~~for ~~its~~Termination ~~financial~~of ~~results~~Lease ~~for~~and Voluntary Surrender of Premises (the ~~third~~“Lease ~~quarter~~Termination ~~ended~~Agreement”) ~~September~~with ~~30,~~ARE-San ~~2024~~Francisco No. ~~The~~63, ~~full~~LLC, ~~text~~a ofDelaware limited liability company (the ~~press~~“Landlord”), ~~release~~amending isthe ~~attached~~terms and conditions of its existing Lease Agreement, dated as ~~Exhibit~~of ~~99.1~~December to4, ~~this~~2019, ~~Current~~as ~~Report~~amended on(the ~~Form~~“Lease”) ~~8-K~~for ~~and~~certain ispremises ~~incorporated~~located ~~herein~~at by825 ~~reference~~Industrial Road, San Carlos, California 94070 (the “Premises”) that serve as the Company’s headquarters.

The ~~information~~term inof ~~this~~the ~~Item~~Lease 2was scheduled to expire on November 30, 2031.02 ofThe ~~this~~Lease ~~Form~~Termination ~~8-K~~Agreement provides for, ~~including~~among other things, amendment of the ~~attached~~term ~~Exhibit~~such ~~99.1,~~that isthe ~~intended~~Lease towill beterminate ~~furnished~~no earlier than January 1, 2025, and ~~shall~~no ~~not~~later bethan ~~deemed~~March ~~“filed”~~31, 2025. As consideration for the ~~purposes~~Landlord’s ofagreement ~~Section~~to 18enter ofinto the ~~Securities~~Lease ~~Exchange~~Termination ~~Act~~Agreement and accelerate the expiration date of ~~1934~~the Lease, asthe ~~amended~~Company ~~(the~~has ~~“Exchange~~agreed ~~Act”),~~to orpay ~~otherwise~~a ~~subject~~lease modification payment to the ~~liabilities~~Landlord in an amount of ~~that~~approximately ~~section~~$2.3 million, ~~nor~~of ~~shall~~which itapproximately $1.5 million will be ~~deemed~~paid ~~incorporated~~on or after January 1, 2025, by ~~reference~~the inLandlord ~~any~~drawing ~~filing~~down ~~made~~and byretaining the Company’s ~~under~~security deposit for the ~~Securities~~Premises ~~Act~~in the form of ~~1933,~~a asletter ~~amended~~of credit secured by restricted cash, orand the ~~Exchange~~remainder ~~Act,~~will ~~except~~be aspaid ~~expressly~~upon ~~set~~the ~~forth~~early bylease ~~specific~~termination ~~reference~~date indescribed ~~such~~above. ~~filing~~The Company also incurred broker commissions of approximately $1.7 million. The net effect on cash and cash equivalents of these costs related to the termination is approximately $2.5 million.

~~Item~~Prior 9to the Lease Termination Agreement, the Lease represented annual expenditures of approximately $11 million.01 ~~Financial~~The ~~Statements~~Company ~~and~~is ~~Exhibits~~evaluating options to achieve significant reductions in future rent expense while meeting the Company's operational needs.

~~(d)~~The ~~Exhibits~~foregoing summary of the Lease Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Lease Termination Agreement, a copy of which the Company anticipates filing as an exhibit to the Companyʼs Annual Report on Form 10-K for the year ending December 31, 2024.

ExhibitNumber		Description
99.1		Press Release dated November 6, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

Item 1.02 Termination of a Material Definitive Agreement.

The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein and made a part hereof.

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 ~~thereunto~~hereunto duly authorized.

			Allakos Inc.
Date:	November 618, 2024	By:	/s/ H. Baird Radford, III
			H. Baird Radford, IIIChief Financial Officer

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