NS Wind Down Co., Inc.: Nasdaq/NYSE listing notice — NanoString enters $142.5M DIP financing, receives Nasdaq delisting notice

NS Wind Down Co., Inc.

DIP facility: $47.5M new money ($12.5M interim, $35M final) plus $95M roll-up of prepetition notes.
Nasdaq determined stock will be delisted; trading suspended Feb 14, moves to OTC under NSTGQ.
Proceeds may fund asset sale including nCounter, CosMx, GeoMx product lines or IP litigation.
Company will not appeal delisting; common stock expected to trade OTC from Feb 14, 2024.

item 1.01 item 2.03 item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.99

NS Wind Down Co., Inc. received a nasdaq delisting notice notice regarding other (rules 5101, 5110(b), IM-5101-1).

Exchange: nasdaq
Notice: delisting notice
Rules: 5101, 5110(b), IM-5101-1

Exact text from the filing

February 5, 2024, the Company received written notice (the “ Delisting Notice ”) from the staff of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, as a result of the Bankruptcy Petitions and in accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1, the staff of Nasdaq had determined that the Company’s common stock (the “ Securities ”) will be delisted from Nasdaq. In the Delisting Notice, the staff of Nasdaq referenced concerns about the Company’s ability to sustain compliance with all requirements for continued listing on Nasdaq, concerns regarding the residual

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Source: SEC EDGAR

accession 0001401708-24-000019

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