secwatch.observer — SEC 8-K summary
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Issuer:     Invitae Corp (—)
CIK:        0001501134
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001193125-24-129432
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invitae enters $239M asset sale with Labcorp in Chapter 11 process
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- Asset Purchase Agreement with Labcorp Genetics Inc. for sale of business for $239M cash; $23.9M deposit in escrow.
- Auction conducted April 17-24, 2024; Labcorp selected as successful bidder; Court approval required to close.
- March 2024 monthly operating report: $131.4M cash, $445.4M total assets, $1.689B total liabilities.
- Cumulative net loss of $64.9M since Chapter 11 filing (Feb 13 – Mar 31, 2024); March net loss $19.7M.
- Closing conditions include HSR waiting period expiration, Court order, and no Material Adverse Effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501134/000119312524129432/0001193125-24-129432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501134/000119312524129432/d827617d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129432

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