Brief: Nanostring Takes Steps To Restructure Its Business And Protect Its Mission To Map The Universe Of Biology

NS Wind Down Co

05/02/2024 24:50

Feb 4 (Reuters) - NanoString Technologies Inc  NSTG.O :
    * NANOSTRING TAKES STEPS TO RESTRUCTURE ITS BUSINESS AND
PROTECT
ITS MISSION TO MAP THE UNIVERSE OF BIOLOGY
    * NANOSTRING TECHNOLOGIES- INITIATES VOLUNTARY CHAPTER 11
RESTRUCTURING PROCEEDINGS WITH ADDITIONAL $40 MILLION IN
FINANCING
    * ADDITIONAL $40 MILLION IN FINANCING SECURED FROM EXISTING
NOTEHOLDERS TO FACILITATE BANKRUPTCY PROCESS
    * EXPLORING STRATEGIC ALTERNATIVES INCLUDING POTENTIAL SALE
OF
COMPANY OR PRODUCT LINES.

Source text for Eikon:  ID:nBw66KSdca 
Further company coverage:  NSTG.O 

 ((Reuters.Briefs@thomsonreuters.com;))