PROJECT SAGE OLDCO, INC.: going-concern / distress — Sientra sells substantially all assets in Chapter 11; Tiger APA $42.5M, Nuance $8M closed

PROJECT SAGE OLDCO, INC.

Tiger Aesthetics Medical to acquire most assets for $42.5M; closing expected by Apr 22.
Nuance Intermediary acquired Biocorneum scar management business for $8M; closed Apr 17.
Sientra warns equity holders may face significant or complete loss from Chapter 11 outcome.
Both sales approved by Bankruptcy Court; Asset Purchase Agreement exhibits filed with SEC.

item 1.01 item 1.03 item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

PROJECT SAGE OLDCO, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-02-12).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2024-02-12

Exact text from the filing

on February 12, 2024 (the “ Petition Date ”), Sientra, Inc. (the “ Sientra ”) and certain of its direct and indirect subsidiaries (together with Sientra, the “ Company ”) filed voluntary petitions to commence proceedings under chapter 11 (the “ Chapter 11 Cases ”) of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).

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Source: SEC EDGAR

accession 0000950170-24-045650

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