NanoString agrees to sell substantially all assets to Patient Square for $220M in Chapter 11 sale

NS Wind Down Co., Inc.

Patient Square Capital serves as stalking-horse bidder; $220M cash plus assumption of certain liabilities.
Break-up fee of $6.6M and expense reimbursement up to $3.3M payable if alternative transaction accepted.
Court hearing to approve bidding procedures set for March 28, 2024; competing bids due by April 12.
Sale subject to Bankruptcy Court approval, HSR waiting period, and other customary conditions.
Company in Chapter 11 since Feb 4, 2024; common stock now trades OTC under NSTGQ.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NS Wind Down Co., Inc. entered into Asset Purchase Agreement with an affiliate of Patient Square Capital valued at $220,000,000 (effective 2024-03-10).

Action: entry
Agreement: asset purchase
Counterparty: an affiliate of Patient Square Capital
Value: $220,000,000
Effective: 2024-03-10

Exact text from the filing

On March 10, 2024, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with an affiliate of Patient Square Capital (“Patient Square”) to sell substantially all of the assets of the Company and its subsidiaries (the “Business”) for a cash purchase price of $220,000,000 (the “Purchase Price”)

View on SEC.gov

565 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001401708-24-000036

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.