Bankruptcy court approves Xtant Medical's $5M asset purchase from Surgalign

Xtant Medical Holdings, Inc.

Transaction approved by US Bankruptcy Court for Southern District of Texas on August 8, 2023.
Xtant acquires certain assets and assumed liabilities of Surgalign for $5M in cash.
Closing expected no later than September 1, 2023; court order to be entered shortly.
Surgalign filed for bankruptcy; Xtant named successful bidder at auction on July 28.

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