secwatch.observer — SEC 8-K summary
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Issuer:     Gritstone bio, Inc. (—)
CIK:        0001656634
Form:       8-K
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001193125-25-073396
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.03, 3.02, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gritstone bio exits Chapter 11; all common stock cancelled, creditors receive new equity
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- Bankruptcy Court confirmed Second Modified Plan of Reorganization on April 3, 2025; effective April 4, 2025.
- All outstanding shares of common stock, options, and warrants cancelled; holders receive no recovery.
- Debt-to-equity conversion gives DIP lenders new equity in reorganized company; general unsecured creditors get liquidating trust distributions.
- Directors resigned effective upon plan effectiveness; company emerged with restructured balance sheet.
- Company filed to deregister securities under Exchange Act; stock now trades on OTC Pink under symbol GRTSQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1656634/000119312525073396/0001193125-25-073396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1656634/000119312525073396/d916691d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-073396

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