secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124311
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo loses Biolase stalking-horse auction; expects break-up fee and expense reimbursement
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- Sonendo was not the winning bidder in Biolase bankruptcy auction held Nov 4, 2024.
- Asset Purchase Agreement will terminate if winning bidder closes; Sonendo not proceeding.
- Sonendo entitled to break-up fee equal to 3% of Purchase Price plus capped expense reimbursement up to $575,000.
- Transaction termination subject to final Bankruptcy Court approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024124311/0000950170-24-124311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017024124311/sonx-20241108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124311

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer