secwatch.observer — SEC 8-K summary
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Issuer:     Invitae Corp (—)
CIK:        0001501134
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001501134-24-000016
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Invitae files Chapter 11 bankruptcy; NYSE delisting, stock moves to OTC Pink (NVTA)
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- Filed voluntary Chapter 11 petitions on Feb 13, 2024 in U.S. Bankruptcy Court for District of New Jersey.
- Entered Transaction Support Agreement with holders of ~78% of outstanding Secured Notes to back a sale process.
- NYSE notified delisting on Feb 6; common stock began trading on OTC Pink on Feb 7 under symbol NVTA.
- Company expects equity interests to be cancelled with no distribution to shareholders.
-  Uses cash on hand to fund operations during Chapter 11; first-day motions seek to pay employees and vendors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501134/000150113424000016/0001501134-24-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501134/000150113424000016/nvta-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001501134-24-000016

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