secwatch.observer — SEC 8-K summary
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Issuer:     Gamida Cell Ltd. (—)
CIK:        0001600847
Form:       8-K/A
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001213900-24-027568
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gamida Cell receives Nasdaq delisting notice; restructuring plan cancels all existing shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600847/000121390024027568/0001213900-24-027568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600847/000121390024027568/ea0202871-8ka1_gamida.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-027568

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