Accelerate Diagnostics, Inc: going-concern / distress — Accelerate Diagnostics closes asset sale; Chapter 11 liquidation plan confirmed, equity canceled

Accelerate Diagnostics, Inc

On August 8, 2025, closed sale of certain assets to Indaba Starling (affiliate of Indaba Capital) under amended asset purchase agreement.
On August 13, 2025, Bankruptcy Court confirmed Second Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation.
Plan effective date expected on or about August 18, 2025; all common stock and warrants canceled, holders receive no distribution.
As of confirmation, company had approximately 25,477,516 shares outstanding with no shares reserved for future issuance.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.99

Accelerate Diagnostics, Inc entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-05-08).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2025-05-08

Exact text from the filing

As previously disclosed, on May 8, 2025, Accelerate Diagnostics, Inc., a Delaware corporation (the “ Company ”), and its US subsidiary, Accelerate Diagnostics Texas, LLC (collectively, with the Company, the “ Company Parties ”), filed voluntary petitions for relief (the “ Bankruptcy Petitions ”) under Chapter 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the District of Delaware (such court, the “ Court ” and such cases, the “ Cases ”).

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.7

Accelerate Diagnostics, Inc completed a disposition involving an affiliate of Indaba Capital Management, L.P. (closed 2025-08-08).

Action: disposition
Counterparty: an affiliate of Indaba Capital Management, L.P.
Closing: 2025-08-08

Exact text from the filing

On August 8, 2025, the Company and Buyer consummated the Sale Transaction.

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Source: SEC EDGAR

accession 0001104659-25-079855

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