Gamida Cell Ltd.: Nasdaq/NYSE listing notice — Gamida Cell receives Nasdaq delisting notice; restructuring plan cancels all existing shares

Gamida Cell Ltd.

Nasdaq notified Gamida Cell on March 28, 2024, that shares will be delisted due to restructuring; trading suspended April 8; no appeal.
Restructuring converts $75M unsecured debt from Highbridge funds into 100% of company shares, cancelling all existing shares and options.
Existing shareholders may receive up to $27.5M in contingent value rights (CVRs) based on Omisirge revenue milestones and NK platform approval.
Lender will provide $50M exit financing: $30M on closing, plus conversion of ~$5M existing secured debt and $15M later.
Company will become private and deregister with SEC following court approval of creditors' arrangement.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Gamida Cell Ltd. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5110(b), IM-5101-1

Exact text from the filing

March 28, 2024, the Company received written notice (the “ Delisting Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that the Staff has, in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, determined that the Company’s ordinary shares, par value NIS 0.01 per share (“ Ordinary Shares ”), will be delisted from Nasdaq based on the following factors: (i) the Restructuring Proceeding and the associated public interest concerns raised by such proceeding; (ii) concerns regarding the residual equity intere

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Source: SEC EDGAR

accession 0001213900-24-027568

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