Gamida Cell Ltd.: going-concern / distress — Gamida Cell files Chapter 15 bankruptcy in Delaware; warns of possible total loss for shareholders

Gamida Cell Ltd.

Foreign representative filed Chapter 15 petition on April 22, 2024 in US Bankruptcy Court for Delaware seeking recognition of Israeli debt arrangement proceeding.
Israeli proceeding is pending before District Court in Beersheba, Case No. 63461-03-24.
Company warns trading in ordinary shares during Chapter 15 case is highly speculative and may not reflect actual recovery.
Shareholders could experience significant or complete loss on investment depending on outcome of case.
Case administered by Kroll; documents available at https://cases.ra.kroll.com/Gamida15.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Gamida Cell Ltd. entered chapter 15 in United States Bankruptcy Court for the District of Delaware (petition 2024-04-22).

Proceeding: chapter 15
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2024-04-22

Exact text from the filing

On April 22, 2024, Abigail Jenkins, solely in her capacity as a duly authorized foreign representative (the “ Foreign Representative ”) of Gamida Cell Ltd. (the “ Debtor ”) filed a petition for recognition for relief under Chapter 15 of Title 11 (“ Chapter 15 ”) of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “ US Court ”).

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Source: SEC EDGAR

accession 0001213900-24-035022

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