secwatch.observer — SEC 8-K summary
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Issuer:     TREX WIND-DOWN, INC. (—)
CIK:        0001504167
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001493152-24-003336
Event type: m_and_a
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.01, 1.03, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Timber Pharmaceuticals completes asset sale to LEO Pharma for $14.35M in Chapter 11
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- Bankruptcy Court approved the asset sale on Jan 22, 2024; closing occurred same day.
- Purchase price of $14.35M; $13.9M paid via credit bid of outstanding DIP loan.
- LEO Pharma acquired substantially all assets including TMB-001 under stalking horse agreement.
- CEO John Koconis, CFO Joseph Lucchese, and CMO Alan Mendelsohn resigned; join LEO entity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504167/000149315224003336/0001493152-24-003336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504167/000149315224003336/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-003336

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer