NanoString Tech (NSTG) has released an update to notify the public and investors about its debt resolution strategies.
NanoString Technologies, Inc. and its affiliates have filed for Chapter 11 bankruptcy, seeking to restructure their debt while continuing business operations with court oversight. They are negotiating to secure $40 million in new capital to maintain operations during the bankruptcy process. Additionally, the company is exploring strategic options, including a potential sale, guided by Perella Weinberg Partners, and is currently reviewing preliminary interest from multiple parties for the purchase of its assets, all subject to court approval.
For further insights into NSTG financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
