Brief: Timber Pharmaceuticals Receives Court Approval Of All “First Day” Motions To Support Business

Trex Wind-Down

28/11/2023 23:21

Nov 28 (Reuters) - Timber Pharmaceuticals Inc  TMBR.A :
    * TIMBER PHARMACEUTICALS RECEIVES COURT APPROVAL OF ALL
“FIRST
DAY” MOTIONS TO SUPPORT BUSINESS OPERATIONS & DISCLOSES
COMMUNICATION FROM NYSE AMERICAN
    * TIMBER PHARMACEUTICALS INC- HAS RECEIVED $3.0 MILLION OF
NEW
MONEY DIP FUNDING
    * TIMBER PHARMACEUTICALS INC- DIP FINANCING IS BEING
PROVIDED BY
LEO US HOLDING, INC., AS LENDER
    * TIMBER PHARMACEUTICALS: RECEIVED AUTHORIZATION TO CONTINUE
TO
PAY VENDORS IN ORDINARY COURSE FOR GOODS AND SERVICES PROVIDED
ON A POST-PETITION BASIS
    * TIMBER PHARMACEUTICALS INC: RECEIVED AUTHORIZATION TO
CONTINUE
TO PAY EMPLOYEE WAGES, PROVIDE HEALTHCARE AND OTHER BENEFITS
    * TIMBER PHARMACEUTICALS- PHASE 3 ASCEND STUDY WILL PROGRESS
WHEN
CO PURSUES SALE OF MOST OF ITS ASSETS TO "STALKING HORSE" BIDDER
AFFILIATED WITH LEO

Source text for Eikon:  ID:nGNXTV1Wh 
Further company coverage:  TMBR.A 

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