secwatch.observer — SEC 8-K summary
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Issuer:     Gamida Cell Ltd. (—)
CIK:        0001600847
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001213900-24-046485
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.02, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gamida Cell completes debt restructuring; Highbridge takes 100% ownership; all prior equity cancelled
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600847/000121390024046485/0001213900-24-046485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600847/000121390024046485/ea0206762-8k_gamida.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-046485

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