---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-055790"
form_type: "8-K"
ticker: null
cik: "0001551693"
company_name: "PROJECT SAGE OLDCO, INC."
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:11:42.123678+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Sientra (now Project Sage) Chapter 11 plan confirmed; common stock canceled with no value

## Summary
- Bankruptcy Court confirmed Second Amended Combined Plan on June 18, 2024, enabling wind-down after asset sales.
- All outstanding common stock canceled, extinguished, and deemed worthless on the Effective Date.
- Total assets ~$81.5M, total liabilities ~$123.7M as of April 30, 2024; equity holders receive no distribution.
- Board dissolved and officers dismissed upon plan effective date; company to deregister stock via Form 15.
- Plan reserves $525,000 for General Unsecured Claims Cash Pool after earlier sales to Tiger and Nuance.

## SEC filing metadata
- accession: 0001213900-24-055790
- form_type: 8-K
- cik: 0001551693
- company_name: PROJECT SAGE OLDCO, INC.
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551693/000121390024055790/0001213900-24-055790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551693/000121390024055790/ea0208488-8k_project.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-055790
- JSON: https://secwatch.observer/filing/0001213900-24-055790.json
- Plain text: https://secwatch.observer/filing/0001213900-24-055790.txt

## Key facts
- Distress & Bankruptcy
  PROJECT SAGE OLDCO, INC. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-02-12).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2024-02-12
  source text: As previously disclosed, on February 12, 2024, Project Sage Oldco, Inc. (formerly known as Sientra, Inc). (“ Project Sage ”) and certain of its direct and indirect subsidiaries (together with Project Sage, the “ Company ”) filed voluntary petitions to commence proceedings under chapter 11 of title 11 of the United States Code (the “ Chapter 11 Cases ”) in the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”). The Chapter 11 Cases are being jointly administered under the caption In re Project Sage M Holdings Oldco, Inc. et al. , Case No. 24-10245.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551693/000121390024055790/0001213900-24-055790-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.