Iterum Therapeutics files for winding up in Ireland; appoints provisional liquidators; CEO/CFO resign

Iterum Therapeutics plc

Filed winding-up petition in Irish High Court; joint provisional liquidators appointed (Damien Murran, Jennifer McMahon of Teneo).
CEO Corey Fishman and CFO Judith Matthews resigned effective immediately after petition filing.
Filing triggered default under Royalty-Linked Notes; default interest rate set at prime plus 3%.
Company cites limited cash, inability to raise capital, failed strategic alternatives, and modest ORLYNVAH sales as reasons.
Nasdaq trading suspension expected March 27; shareholders likely to experience complete loss.

item 1.03 item 2.04 item 5.02 item 7.01 item 9.01

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accession 0001193125-26-127785

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