secwatch.observer — SEC 8-K summary
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Issuer:     POLARITYTE, INC. (—)
CIK:        0001076682
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001493152-23-020348
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1076682/000149315223020348/0001493152-23-020348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1076682/000149315223020348/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-020348

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