---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-049956"
form_type: "8-K"
ticker: null
cik: "0001551693"
company_name: "PROJECT SAGE OLDCO, INC."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:32:40.691774+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Sientra completes sale of substantially all assets to Tiger Aesthetics for $42.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-049956
- form_type: 8-K
- cik: 0001551693
- company_name: PROJECT SAGE OLDCO, INC.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551693/000095017024049956/0000950170-24-049956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551693/000095017024049956/sien-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-049956
- JSON: https://secwatch.observer/filing/0000950170-24-049956.json
- Plain text: https://secwatch.observer/filing/0000950170-24-049956.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551693/000095017024049956/0000950170-24-049956-index.htm

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