PROJECT SAGE OLDCO, INC.: M&A transaction — Sientra completes sale of substantially all assets to Tiger Aesthetics for $42.5M

PROJECT SAGE OLDCO, INC.

Completed sale of substantially all assets to Tiger Aesthetics Medical for $42.5M on April 24, 2024.
Bankruptcy Court approved the sale on April 11, 2024; Biocorneum products excluded from sale.
Company warns equity holders likely face significant or complete loss given Chapter 11 outcome.
Amended APA extended outside date from April 17 to April 24 under certain conditions.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

PROJECT SAGE OLDCO, INC. completed a disposition involving Tiger Aesthetics Medical, LLC for $42.5 million (closed 2024-04-24).

Action: disposition
Counterparty: Tiger Aesthetics Medical, LLC
Consideration: $42.5 million
Closing: 2024-04-24

Exact text from the filing

the Sale Assets free and clear of all claims, liens, encumbrances and all other interests, as set forth in the Sale Order (the “ Transaction ”) for a total purchase price of $42.5 million (the “ Purchase Price ”). On April 16, 2024, Tiger and the Company entered into the First Amendment to the APA (the “ Amended APA ”), which extended the outside date to close the

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Source: SEC EDGAR

accession 0000950170-24-049956

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