Brief: Polarityte And Its Subsidiaries Files Voluntary Petitions For Relief Under Chapter 11

RegenETP,

07/06/2023 13:14

June 7 (Reuters) - PolarityTE Inc  PTE.O :
    * POLARITYTE INC -  ON JUNE 6, 2023, POLARITYTE AND ITS
SUBSIDIARIES FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER
11
    * POLARITYTE - ON JUNE 6, PRIOR TO FILING OF CHAPTER 11
CASES, CO,
UNITS ENTERED INTO “STALKING HORSE” ASSET PURCHASE AGREEMENT
WITH GRANDER ACQUISITION LLC
    * POLARITYTE-TO ENSURE ABILITY TO CONTINUE OPERATING IN
ORDINARY
COURSE OF BUSINESS, DEBTORS FILED VARIOUS "FIRST DAY" MOTIONS
WITH BANKRUPTCY COURT
    * POLARITYTE - PURSUANT TO AGREEMENT, GRANDER ACQUISITION TO
PURCHASE SUBSTANTIALLY ALL ASSETS OF CO, UNITS FOR ABOUT $6.5
MILLION

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