Cutera ( (CUTR) ) just unveiled an update.
On March 5, 2025, Cutera, Inc. and its subsidiary Crystal Sub, LLC filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. The company continues to operate as debtors-in-possession and aims to restructure its debt through a Restructuring Support Agreement with senior noteholders. The agreement includes a $25 million debtor-in-possession financing facility and a $30 million equity rights offering, among other measures. The restructuring plan, supported by 74% of senior noteholders, seeks to equitize approximately $429.1 million of senior notes claims. The outcome of the restructuring remains uncertain, and the company’s securities are expected to be delisted from the Nasdaq Global Select Market, posing significant risks to stakeholders.
More about Cutera
Cutera, Inc. is a Delaware-based company operating in the medical device industry, primarily focusing on the development and manufacturing of laser and energy-based aesthetic systems for dermatologists and other medical professionals.
YTD Price Performance: -19.49%
Average Trading Volume: 695,471
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.35M
For an in-depth examination of CUTR stock, go to TipRanks’ Stock Analysis page.
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