8-K
filed May 24, 2024, 7:59 PM ET
CIK 0001600847
other material
confidence high
sentiment negative
materiality 1.00
Gamida Cell completes debt restructuring; Highbridge takes 100% ownership; all prior equity cancelled
Gamida Cell Ltd.
- On May 24, 2024, restructuring became effective; Highbridge (via new holding co) owns 100% of ordinary shares.
- All outstanding equity (shares, options, warrants, RSUs) and 2021 Notes were cancelled; former shareholders receive contingent value rights (CVRs).
- CEO Abigail Jenkins separated effective May 24; entire board (6 members) resigned; new directors to be appointed.
- Subsidiary Gamida Cell Inc. filed Chapter 11 on May 13; plan confirmed May 22; exit financing of $50M secured debt facility from Highbridge.
- Israeli court approved Debt Arrangement on May 8; US Bankruptcy Court recognized Israeli proceeding as foreign main on May 15.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Moch resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ivan Borrello resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Abigail Jenkins resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shawn Tomasello resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Abigail Jenkins departed as Chief Executive Officer at Gamida Cell Ltd..
- Action
- separated
- Role
- Chief Executive Officer
Exact text from the filing
the board of directors of the Company (the “ Board ”) approved on May 16, 2024 the separation of the Company’s Chief Executive Officer, Abigail Jenkins, effective as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Wills resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julian Adams resigned as Director at Gamida Cell Ltd..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, Shawn Tomasello, Abigail Jenkins, Kenneth Moch, Julian Adams, Stephen Wills and Ivan Borrello resigned from the Board, effective immediately.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.