secwatch.observer — SEC 8-K summary
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Issuer:     SURGALIGN HOLDINGS, INC. (—)
CIK:        0001760173
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001193125-23-215811
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/0001193125-23-215811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760173/000119312523215811/d542227d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-215811

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