Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
HTG MOLECULAR DIAGNOSTICS, INC faced acceleration on credit facility of $2,687,255 with Silicon Valley Bank, N.A., a division of First-Citizens Bank and Trust Company.
- Instrument
- credit facility
- Principal
- $2,687,255
- Counterparty
- Silicon Valley Bank, N.A., a division of First-Citizens Bank and Trust Company
- Event
- acceleration
Exact text from the filing
The filing of the Case constituted an event of default that accelerated all of the Company’s obligations under the Company’s Loan and Security Agreement, dated June 24, 2020, as amended, with Silicon Valley Bank, N.A., a division of First-Citizens Bank and Trust Company (“Loan Agreement”), comprising an outstanding principal amount of $2,687,255, together with accrued interest and all applicable fees and other financial obligations.
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Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
HTG MOLECULAR DIAGNOSTICS, INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-06-05).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the District of Delaware
- Petition
- 2023-06-05
Exact text from the filing
On June 5, 2023 (the “Petition Date”), HTG Molecular Diagnostics, Inc. (the “Company”) filed a voluntary petition (Case No. 23-10732) for relief under Chapter 11 of the United States Bankruptcy Code (the “Code”) in the United States Bankruptcy Court for the District of Delaware
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Byron T. Lawson was terminated as Senior Vice President and Chief Commercial Officer at HTG MOLECULAR DIAGNOSTICS, INC.
- Action
- terminated
- Role
- Senior Vice President and Chief Commercial Officer
Exact text from the filing
On June 1, 2023, the Company notified Byron T. Lawson, Senior Vice President and Chief Commercial Officer of the Company, of his termination of employment, effective June 2, 2023.
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