secwatch.observer — SEC 8-K summary
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Issuer:     POLARITYTE, INC. (—)
CIK:        0001076682
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001493152-23-028986
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PolarityTE completes sale of substantially all assets to Grander Acquisition for ~$6.5M in Chapter 11
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- Sale closed August 15, 2023; total consideration ~$6.5M less DIP financing outstanding.
- Bankruptcy Court approved the stalking horse asset purchase agreement on July 31, 2023.
- Company expects outstanding common stock to be cancelled; stockholders likely receive no proceeds.
- Equity may have little or no value; trading in common stock deemed highly speculative.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1076682/000149315223028986/0001493152-23-028986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1076682/000149315223028986/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028986

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