NS Wind Down Co., Inc.: going-concern / distress — NanoString files Chapter 11 after $40M DIP financing from lenders; patent litigation with 10x triggers filing

The filing of the Bankruptcy Petitions described in Item 1.03 above constitutes an event of default that accelerated the Company’s obligations under the following debt instruments (the “Debt Instruments”): • Indenture, dated as of March 9, 2023, by and among the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as Trustee, governing the 2.625% Convertible Senior Notes which mature on March 1, 2025

• Indenture, dated as of November 7, 2023, by and among the Company, as issuer, the guarantor parties thereto, and U.S. Bank Trust Company, National Association, as trustee and collateral agent, governing the 6.95% Senior Secured Notes due 2026

On February 4, 2024, NanoString Technologies, Inc. (the “Company”), NanoString Technologies International, Inc., NanoString Technologies Germany GmbH and NanoString Netherlands B.V. (collectively with the Company, the “Debtors”) filed voluntary petitions for relief (the “Bankruptcy Petitions”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (such court, the “Court” and such cases, the “Cases”).