Lipella Pharmaceuticals files Chapter 11 bankruptcy, plans 363 sale process

LIPELLA PHARMACEUTICALS INC.

Filed voluntary Chapter 11 petition in Western District of Pennsylvania on March 30, 2026.
Company intends to pursue a 363 sale process to maximize value for creditors.
Seeks customary first-day relief to continue operations, including payroll and cash management.
Company cautions trading in common stock is highly speculative and may not reflect recovery for holders.

item 1.03 item 9.01

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accession 0001753926-26-000577

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