---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-059512"
form_type: "8-K"
ticker: null
cik: "0000874710"
company_name: "ALLIED HEALTHCARE PRODUCTS INC"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T03:11:24.036347+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Allied Healthcare Products files Chapter 11; enters stalking horse asset sale agreements with Flexicare

## Summary
- Filed voluntary Chapter 11 petition on May 8, 2023 in Eastern District of Missouri; will operate as debtor-in-possession.
- Stalking horse agreements with Allied Medical (Flexicare) to sell St. Louis assets for $4.5M + 95% of receivables and NY assets for $3.15M + 95% of receivables.
- Obtained $4M DIP financing commitment from Sterling Commercial Credit (interim approval; final hearing June 1, 2023).
- Sale process divided into two segments; subject to higher or better offers at court-supervised auction; Ravinia Capital advising.
- Common stock recovery unlikely; FINRA assigned new symbol AHPIQ; trading highly speculative.

## SEC filing metadata
- accession: 0001104659-23-059512
- form_type: 8-K
- cik: 0000874710
- company_name: ALLIED HEALTHCARE PRODUCTS INC
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/tm2315621d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059512
- JSON: https://secwatch.observer/filing/0001104659-23-059512.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059512.txt

## Key facts
- Debt Financings
  ALLIED HEALTHCARE PRODUCTS INC faced acceleration on lease obligation of $57,400 with Fyler Storage Properties, LLC.
  - Instrument: lease obligation
  - Principal: $57,400
  - Counterparty: Fyler Storage Properties, LLC
  - Event: acceleration
  source text: Company’s obligations under the Commercial Lease dated as of June 21, 2022, between Fyler Storage Properties, LLC and the Company (the “Lease”). Monthly rent under the lease is $57,400, subject to an annual increase of 2% each Lease year as described in the Lease. As of the Petition Date, the Company was current on lease payments. Pursuant to Section 362 of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm
- Distress & Bankruptcy
  ALLIED HEALTHCARE PRODUCTS INC entered chapter 11 in United States Bankruptcy Court for the Eastern District of Missouri (petition 2023-05-08).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Eastern District of Missouri
  - Petition: 2023-05-08
  source text: On May 8, 2023 (the “Petition Date”), the Company filed a voluntary petition (Case No. 23-41607) (the “Chapter 11 Case”) for relief under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Eastern District of Missouri (the “Bankruptcy Court”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm
- Material Agreements
  ALLIED HEALTHCARE PRODUCTS INC entered into STL Purchase Agreement (effective 2023-05-07).
  - Action: entry
  - Agreement: asset purchase
  - Effective: 2023-05-07
  source text: on May 7, 2023, the Company entered the STL Purchase Agreement and the NY Purchase Agreement with Purchaser for the sale of the STL Assets and NY Assets, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm
- Material Agreements
  ALLIED HEALTHCARE PRODUCTS INC entered into NY Purchase Agreement (effective 2023-05-07).
  - Action: entry
  - Agreement: asset purchase
  - Effective: 2023-05-07
  source text: on May 7, 2023, the Company entered the STL Purchase Agreement and the NY Purchase Agreement with Purchaser for the sale of the STL Assets and NY Assets, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm
- Material Agreements
  ALLIED HEALTHCARE PRODUCTS INC entered into DIP Credit Agreement with Sterling Commercial Credit, LLC valued at $4,000,000.
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Sterling Commercial Credit, LLC
  - Value: $4,000,000
  source text: the Company and Sterling Commercial Credit, LLC (the “DIP Lender”) have agreed to enter into a senior secured super-priority debtor-in-possession term loan credit facility in a maximum loan amount of $4,000,000 subject to the terms and conditions set forth therein (the “DIP Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/874710/000110465923059512/0001104659-23-059512-index.htm

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