---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-045650"
form_type: "8-K"
ticker: null
cik: "0001551693"
company_name: "PROJECT SAGE OLDCO, INC."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:51:32.090515+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Sientra sells substantially all assets in Chapter 11; Tiger APA $42.5M, Nuance $8M closed

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-045650
- form_type: 8-K
- cik: 0001551693
- company_name: PROJECT SAGE OLDCO, INC.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551693/000095017024045650/0000950170-24-045650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551693/000095017024045650/sien-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-045650
- JSON: https://secwatch.observer/filing/0000950170-24-045650.json
- Plain text: https://secwatch.observer/filing/0000950170-24-045650.txt

## Key facts
- Distress & Bankruptcy
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551693/000095017024045650/0000950170-24-045650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.