Invitae Corp: restructuring charge — Invitae amends 8-K; estimates $4M severance charges from workforce reduction in Q1 2024

Invitae Corp

Expects one-time severance charges of approx $4 million in quarter ending March 31, 2024.
Update to January 2024 8-K where charges were not previously estimable.
Workforce reduction tied to a previously announced transaction (Item 1.01).

item 2.05 item 1.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Invitae Corp announced a restructuring with charges of approximately $4 million.

Type: restructuring
Charge: approximately $4 million

Exact text from the filing

The Company expects to incur one-time severance related charges of approximately $4 million in the quarter ending March 31, 2024.

View on SEC.gov

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Source: SEC EDGAR

accession 0001501134-24-000010

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