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.

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