---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-106353"
form_type: "8-K"
ticker: null
cik: "0001872356"
company_name: "Molekule Group, Inc."
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:40:41.498480+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Molekule Group files Chapter 11 bankruptcy on Oct 3, 2023; $5M DIP facility from insiders

## Summary
- Company and subsidiary filed voluntary Chapter 11 petition in Southern District of Florida (Case No: 23-18094).
- DIP financing of $5M from Foundry Group, Armistice, SVBC, and Bridge Coast Capital (all major shareholders).
- Rights offering withdrawn on Sep 19 after conditions not met; DIP amounts approximate prior intended purchases.
- Filing triggered default on SVB loans: $4.3M senior and $30M mezzanine outstanding, now immediately due.

## SEC filing metadata
- accession: 0001104659-23-106353
- form_type: 8-K
- cik: 0001872356
- company_name: Molekule Group, Inc.
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.03, 2.04, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872356/000110465923106353/0001104659-23-106353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872356/000110465923106353/tm2327546d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-106353
- JSON: https://secwatch.observer/filing/0001104659-23-106353.json
- Plain text: https://secwatch.observer/filing/0001104659-23-106353.txt

## Key facts
- Debt Financings
  Molekule Group, Inc. reported a default on loan of $4.3 million with Silicon Valley Bank.
  - Instrument: loan
  - Principal: $4.3 million
  - Counterparty: Silicon Valley Bank
  - Event: default
  source text: loan and security agreements automatically became due upon the filing of the Chapter 11 Case. As of June 30, 2023, the outstanding principal balance under the senior loan was $4.3 million and the outstanding principal balance under the mezzanine loan was $30 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872356/000110465923106353/0001104659-23-106353-index.htm
- Debt Financings
  Molekule Group, Inc. reported a default on loan of $30 million with Silicon Valley Bank.
  - Instrument: loan
  - Principal: $30 million
  - Counterparty: Silicon Valley Bank
  - Event: default
  source text: As of June 30, 2023, the outstanding principal balance under the senior loan was $4.3 million and the outstanding principal balance under the mezzanine loan was $30 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872356/000110465923106353/0001104659-23-106353-index.htm
- Distress & Bankruptcy
  Molekule Group, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of Florida (petition 2023-10-03).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Florida
  - Petition: 2023-10-03
  source text: On October 3, 2023, Molekule Group, Inc. (the “Company”) and its wholly-owned subsidiary, Molekule, Inc., filed a voluntary petition in the United States Bankruptcy Court for the Southern District of Florida (the “Bankruptcy Court”) for relief under the provisions of Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872356/000110465923106353/0001104659-23-106353-index.htm

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