Brief: OncoSec Medical Files Voluntary Petition For Relief Under Provisions Of Chapter 7 Of Title 11 Of United States Code

OncoSec Medical Incorporated

14/06/2023 22:39

June 14 (Reuters) - OncoSec Medical Inc  ONCS.O :
    * ONCOSEC MEDICAL INC - FILED A VOLUNTARY PETITION FOR
RELIEF (
"PETITION") UNDER PROVISIONS OF CHAPTER 7 OF TITLE 11 OF UNITED
STATES CODE
    * ONCOSEC MEDICAL INC-  UNIT ONCOSEC MEDICAL AUSTRALIA PTY,
LTD.,
EXPECTS TO LIQUIDATE AND WIND DOWN OPERATIONS
    * ONCOSEC MEDICAL INC - ROBERT ARCH TENDERED HIS RESIGNATION
AS
COMPANY'S PRESIDENT AND CHIEF EXECUTIVE OFFICER EFFECTIVE ON
JUNE 14
    * ONCOSEC MEDICAL INC - NO LONGER HAS ANY CURRENT EXECUTIVE
OFFICERS
    * ONCOSEC MEDICAL -  CO WILL HAVE NO MEMBERS SERVING ON ITS
BOARD
OF DIRECTORS
    * ONCOSEC MEDICAL- BANKRUPTCY COURT PETITION ON JUNE 14
CONSTITUTED EVENT OF DEFAULT IN CONVERTIBLE PROMISSORY NOTE,
SECURITY DEAL DATED NOV 25, 2022

Further company coverage:  ONCS.O 

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