LadRx Corp: debt financing — LadRX Corp. enters assignment for benefit of creditors, ceases operations and liquidates

LadRx Corp

On July 28, 2025, LadRX assigned all assets to LADRX ABC LLC as Assignee for creditor benefit.
Company ceased substantially all business operations and no longer a going concern.
All directors (Simpson, Claiborne, CEO Snowdy, CFO Caloz) resigned effective July 28, 2025.
Assignment triggered defaults making debt obligations immediately due and payable.

item 1.03 item 2.04 item 5.02

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.4

LadRx Corp reported a default on debt.

Event: default

Exact text from the filing

The execution of the Assignment described under Item 1.03 above constituted an event of default or otherwise triggered obligations under certain of the Company’s debt instruments and contractual obligations. As a result, all outstanding obligations under such agreements may be immediately due and payable.

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Source: SEC EDGAR

accession 0001641172-25-021728

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