---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-215811"
form_type: "8-K"
ticker: null
cik: "0001760173"
company_name: "SURGALIGN HOLDINGS, INC."
filed_at: "2023-08-18T23:59:59+00:00"
generated_at: "2026-06-11T06:59:21.617670+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Surgalign completes Chapter 11 asset sales for $6.5M; warns stock holders may face full loss

## Summary
- Hardware assets sold to Xtant Medical for $5M cash plus liability assumption; closed Aug 10, 2023.
- Digital assets (HOLO AI/AR platform) sold to Augmedics for $1.5M cash; closed Aug 11, 2023.
- Company cautions common stock trading is highly speculative and holders could experience significant or complete loss.
- Bankruptcy Court approved both sales on Aug 9 and Aug 10, 2023, respectively.
- Stock ceased NYSE listing on July 27, 2023; now trades OTC under SRGAQ.

## SEC filing metadata
- accession: 0001193125-23-215811
- form_type: 8-K
- cik: 0001760173
- company_name: SURGALIGN HOLDINGS, INC.
- filed_at: 2023-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/0001193125-23-215811-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/d542227d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-215811
- JSON: https://secwatch.observer/filing/0001193125-23-215811.json
- Plain text: https://secwatch.observer/filing/0001193125-23-215811.txt

## Key facts
- M&A Transactions
  SURGALIGN HOLDINGS, INC. completed a disposition involving Xtant Medical Holdings, Inc. for aggregate cash purchase price of $5 million and assumption of Hardware Liabilities (closed 2023-08-10).
  - Action: disposition
  - Counterparty: Xtant Medical Holdings, Inc.
  - Consideration: aggregate cash purchase price of $5 million and assumption of Hardware Liabilities
  - Closing: 2023-08-10
  source text: On August 10, 2023, pursuant to the Hardware Asset Purchase Agreement, the Company completed the Hardware Sale, for an aggregate cash purchase price of $5 million and the assumption by Xtant of the Hardware Liabilities, as described in the Hardware Asset Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/0001193125-23-215811-index.htm
- M&A Transactions
  SURGALIGN HOLDINGS, INC. completed a disposition involving Augmedics, Inc. for total purchase price of $1.5 million in cash and assumption of Digital Liabilities (closed 2023-08-11).
  - Action: disposition
  - Counterparty: Augmedics, Inc.
  - Consideration: total purchase price of $1.5 million in cash and assumption of Digital Liabilities
  - Closing: 2023-08-11
  source text: On August 11, 2023, pursuant to the Digital Asset Purchase Agreement, the Company and the Sellers completed the Digital Sale, for an aggregate cash purchase price of $1.5 million and the assumption by Augmedics of the Digital Liabilities, as described in the Digital Asset Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/0001193125-23-215811-index.htm

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