secwatch.observer — SEC 8-K summary
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Issuer:     PLx Pharma Winddown Corp. (—)
CIK:        0001497504
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001193805-23-000557
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLx Pharma files Chapter 11, enters stalking horse asset sale agreement with Greenwood Brands
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- Filed voluntary Chapter 11 petitions in Delaware (Case Nos. 23-10456 and 23-10457) on April 13, 2023.
- Stalking horse asset purchase agreement with PLx Acquisition Company LLC (Greenwood Brands) to sell substantially all assets.
- Sale subject to Bankruptcy Court approval, higher bids, and other conditions; equity holders likely receive no recovery.
- Common stock began trading on OTC Pink under symbol PLXP on April 13, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497504/000119380523000557/0001193805-23-000557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497504/000119380523000557/e618499_8k-plx.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000557

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