NanoString jumps after securing additional financing for restructuring

NS Wind Down Co

09/02/2024 14:49

** Shares of lab equipment maker NanoString Technologies
 NSTG.O  rise 74% to 20 cents
    ** Co says it has secured $47.50 million in financing,
compared to the $40 million commitment announced earlier this
week
    ** On Feb 5. co had initiated a Chapter 11 restructuring
proceeding in the United States Bankruptcy Court for the
District of Delaware
    ** CEO Brad Gray says NSTG will continue to conduct business
as usual with this financing
    ** Upto last close, stock down 98.9% in the last 12 months

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))