--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-056517" form_type: "8-K" ticker: null cik: "0001805087" company_name: "GELESIS HOLDINGS, INC." filed_at: "2023-10-31T23:59:59+00:00" generated_at: "2026-06-09T04:51:46.258363+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Gelesis Holdings files for Chapter 7 bankruptcy, ceases operations, all directors & officers resign ## Summary - Filed voluntary Chapter 7 petition in Delaware Bankruptcy Court on Oct 30, 2023. - A Chapter 7 trustee will take control of assets; Board and officer authority eliminated. - CEO Yishai Zohar and COO David Pass resigned effective Oct 30; all six directors resigned. - Company has no officers, consultants, or employees as of the filing date. - Assets to be liquidated and claims paid per Bankruptcy Code. ## SEC filing metadata - accession: 0000950170-23-056517 - form_type: 8-K - cik: 0001805087 - company_name: GELESIS HOLDINGS, INC. - filed_at: 2023-10-31T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.03, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/gls-20231030.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-056517 - JSON: https://secwatch.observer/filing/0000950170-23-056517.json - Plain text: https://secwatch.observer/filing/0000950170-23-056517.txt ## Key facts - Distress & Bankruptcy GELESIS HOLDINGS, INC. entered chapter 7 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30). - Proceeding: chapter 7 - Court: United States Bankruptcy Court for the District of Delaware - Petition: 2023-10-30 source text: On October 30, 2023, after considering all strategic alternatives, Gelesis Holdings, Inc. (the "Company"), together with its U. S. subsidiaries, Gelesis, Inc., and Gelesis, LLC, ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware Case No. 23-11787 (the “Bankruptcy Filing”). evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Kathryn Cavanaugh resigned as Director at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Director source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, directors Paul Fonteyne (Chair), Alison Bauerlein, Kathryn Cavanaugh, Clayton Christopher, Jane Wildman and Yishai Zohar resigned as members of the Company's Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change David Pass resigned as Chief Operating Officer at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Chief Operating Officer source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, Yishai Zohar, President, Chief Executive Officer, Interim Principal Financial Officer and Principal Accounting Officer, Treasurer, Chief Compliance Officer and Corporate Secretary, and David Pass, Chief Operating Officer and Chief Commercial Officer, tendered their resignations, effective October 30, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Alison Bauerlein resigned as Director at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Director source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, directors Paul Fonteyne (Chair), Alison Bauerlein, Kathryn Cavanaugh, Clayton Christopher, Jane Wildman and Yishai Zohar resigned as members of the Company's Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Jane Wildman resigned as Director at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Director source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, directors Paul Fonteyne (Chair), Alison Bauerlein, Kathryn Cavanaugh, Clayton Christopher, Jane Wildman and Yishai Zohar resigned as members of the Company's Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Clayton Christopher resigned as Director at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Director source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, directors Paul Fonteyne (Chair), Alison Bauerlein, Kathryn Cavanaugh, Clayton Christopher, Jane Wildman and Yishai Zohar resigned as members of the Company's Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Yishai Zohar resigned as President and Chief Executive Officer at GELESIS HOLDINGS, INC.. - Action: resigned - Role: President and Chief Executive Officer source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, Yishai Zohar, President, Chief Executive Officer, Interim Principal Financial Officer and Principal Accounting Officer, Treasurer, Chief Compliance Officer and Corporate Secretary, and David Pass, Chief Operating Officer and Chief Commercial Officer, tendered their resignations, effective October 30, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm - Executive change Paul Fonteyne resigned as Chair of the Board at GELESIS HOLDINGS, INC.. - Action: resigned - Role: Chair of the Board source text: Concurrent with the Bankruptcy Filing, on October 30, 2023, directors Paul Fonteyne (Chair), Alison Bauerlein, Kathryn Cavanaugh, Clayton Christopher, Jane Wildman and Yishai Zohar resigned as members of the Company's Board of Directors. evidence_url: https://www.sec.gov/Archives/edgar/data/1805087/000095017023056517/0000950170-23-056517-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.