secwatch.observer — SEC 8-K summary
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Issuer:     Gritstone bio, Inc. (—)
CIK:        0001656634
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001193125-24-259815
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 1.03, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gritstone bio files Chapter 11, obtains $25M DIP financing from Future Solution Investments
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- Company commenced Chapter 11 case in Delaware Bankruptcy Court on Nov 13, 2024.
- DIP facility provides up to $25M in superpriority senior secured delayed-draw term loans.
- Proceeds used for bankruptcy-related fees and operating expenses per approved budget.
- Common stock delisted from Nasdaq on Oct 22, 2024 and now trades OTC Pink under GRTSQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1656634/000119312524259815/0001193125-24-259815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1656634/000119312524259815/d844835d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-259815

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