---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020348"
form_type: "8-K"
ticker: null
cik: "0001076682"
company_name: "POLARITYTE, INC."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T05:36:29.270762+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# PolarityTE files Chapter 11; stalking horse asset sale to Grander Acquisition for ~$6.5M

## Summary
- Filed voluntary Chapter 11 petitions on June 6, 2023 in Utah Bankruptcy Court.
- Stalking horse asset purchase agreement with Grander Acquisition LLC for ~$6.5 million less DIP financing.
- Break-up fee of $500,000 plus expenses if a higher bid prevails.
- Expects Nasdaq delisting notice; common stock likely cancelled and may have no value.
- Company warns stockholders trading in stock during bankruptcy is highly speculative.

## SEC filing metadata
- accession: 0001493152-23-020348
- form_type: 8-K
- cik: 0001076682
- company_name: POLARITYTE, INC.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1076682/000149315223020348/0001493152-23-020348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1076682/000149315223020348/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020348
- JSON: https://secwatch.observer/filing/0001493152-23-020348.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020348.txt

## Key facts
- Distress & Bankruptcy
  POLARITYTE, INC. entered chapter 11 in United States Bankruptcy Court for the District of Utah (petition 2023-06-06).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Utah
  - Petition: 2023-06-06
  source text: On June 6, 2023, PolarityTE, Inc., a Delaware corporation (the “Company”), and its subsidiaries, PolarityTE, Inc., a Nevada Corporation (“PTE Nevada”), and PolarityTE MD, Inc., a Nevada corporation (“PTE MD” and together with the Company and PTE Nevada, the “Debtors”), filed voluntary petitions for relief under Chapter 11 of 11 U.S.C. §§ 101 et seq. of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Utah (the “Bankruptcy Court”) under the captions In re PolarityTE, Inc., a Delaware corporation (Case No. 23-bk-22358-KRA) (Bankr. D. Utah), In re PolarityTE, MD Inc., a Nevada corporation (Case No. 23-bk-22360-KRA) (Bankr. D. Utah), and In re PolarityTE, Inc., a Nevada corporation (Case No. 23-bk-22361-KRA) (Bankr. D. Utah) (collectively, the “Chapter 11 Cases”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1076682/000149315223020348/0001493152-23-020348-index.htm

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