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~~January 1527, ~~2024~~2025

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

   

(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 17.01 ~~Entry~~Regulation ~~into~~FD ~~a Material Definitive Agreement~~Disclosure.

On ~~November~~January 1527, ~~2024~~2025, Allakos Inc., (the “Company”), ~~entered~~released ~~into~~ an ~~Agreement~~updated ~~for~~corporate ~~Termination~~presentation. ofA ~~Lease~~copy ~~and Voluntary Surrender~~ of ~~Premises (~~the ~~“Lease~~presentation ~~Termination~~is ~~Agreement”)~~attached ~~with~~as ~~ARE-San~~Exhibit ~~Francisco No~~99.1 ~~63,~~to ~~LLC,~~this aCurrent ~~Delaware~~Report ~~limited~~on ~~liability~~Form company (the “Landlord”), amending the terms and conditions of its existing Lease Agreement, dated as of December 4, 2019, as amended (the “Lease”) for certain premises located at 825 Industrial Road, San Carlos, California 94070 (the “Premises”) that serve as the Company’s headquarters8-K.

~~The~~All ~~term~~ of the ~~Lease~~information ~~was~~in ~~scheduled~~this toItem ~~expire~~7.01 onand ~~November~~Item ~~30, 2031~~9.01 ~~The~~of ~~Lease~~this ~~Termination~~Form ~~Agreement provides for~~8-K, ~~among~~including ~~other things, amendment of~~ the ~~term~~attached ~~such~~Exhibit ~~that the Lease will terminate no earlier than January~~ 99.1, ~~2025,~~is ~~and~~intended noto ~~later~~be ~~than~~furnished ~~March~~and ~~31,~~shall ~~2025.~~not Asbe ~~consideration~~deemed “filed” for the ~~Landlord’s~~purposes ~~agreement~~of toSection ~~enter~~18 ~~into~~of the ~~Lease~~Securities ~~Termination~~Exchange ~~Agreement~~Act ~~and accelerate the expiration date~~ of ~~the Lease~~1934, ~~the~~as ~~Company~~amended ~~has~~(the ~~agreed~~“Exchange toAct”), ~~pay~~or aotherwise ~~lease~~subject ~~modification payment~~ to the ~~Landlord~~liabilities ~~in an amount~~ of ~~approximately~~that ~~$2.3 million~~section, ofnor ~~which~~shall ~~approximately~~it ~~$1.5 million will~~ be ~~paid~~deemed onincorporated ~~or after January 1, 2025,~~ by ~~the~~reference ~~Landlord~~in ~~drawing~~any ~~down~~filing ~~and~~made ~~retaining~~by the Company’s ~~security~~under ~~deposit for~~ the ~~Premises~~Securities inAct ~~the form~~ of a1933, ~~letter~~as ~~of credit secured by restricted cash~~amended, ~~and~~or the ~~remainder~~Exchange ~~will~~Act, beexcept ~~paid~~as ~~upon~~expressly ~~the~~set ~~early~~forth ~~lease~~by ~~termination~~specific ~~date~~reference ~~described~~in ~~above.~~such ~~The Company also incurred broker commissions of approximately $1~~filing.~~7 million. The net effect on cash and cash equivalents of these costs related to the termination is approximately $2.5 million.~~

~~Prior~~Item ~~to the Lease Termination Agreement, the Lease represented annual expenditures of approximately $11 million~~9.01 ~~The~~Financial ~~Company~~Statements isand ~~evaluating options to achieve significant reductions in future rent expense while meeting the Company's operational needs~~Exhibits.

~~The~~(d) 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.Exhibits

Item 1.02 Termination of a Material Definitive Agreement.


Exhibit Number		Description

99.1		Corporate Presentation dated January 27, 2025.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 hereunto duly authorized.

			Allakos Inc.
Date:	~~November~~January 1827, ~~2024~~2025	By:	/s/ H. Baird Radford, III
			H. Baird Radford, IIIChief Financial Officer

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