---
schema_version: "secwatch.filing_event.v1"
accession: "0001852117-23-000003"
form_type: "8-K"
ticker: null
cik: "0001852117"
company_name: "Rockley Photonics Holdings Ltd"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:00:34.003851+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Rockley Photonics files Chapter 11; plans restructuring with $35M in new cash

## Summary
- Filed voluntary Chapter 11 petition on Jan 23, 2023; subsidiaries not included.
- Prepackaged plan aims to eliminate existing debt and provide ~$35M for ongoing operations.
- Outstanding debt includes $29.31M May notes and $90.6M October notes; defaults triggered but stayed.
- Expects NYSE delisting under Section 802.01D; does not intend to appeal.
- Trading in common stock highly speculative; recovery for holders uncertain.

## SEC filing metadata
- accession: 0001852117-23-000003
- form_type: 8-K
- cik: 0001852117
- company_name: Rockley Photonics Holdings Ltd
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 2.04, 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852117/000185211723000003/0001852117-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852117/000185211723000003/rkly-20230123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001852117-23-000003
- JSON: https://secwatch.observer/filing/0001852117-23-000003.json
- Plain text: https://secwatch.observer/filing/0001852117-23-000003.txt

## Key facts
- Distress & Bankruptcy
  Rockley Photonics Holdings Ltd entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2023-01-23).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of New York
  - Petition: 2023-01-23
  source text: Voluntary Petition for Reorganization On January 23, 2023 (the “ Petition Date ”), Rockley Photonics Holdings Limited (the “ Company ” or “ Rockley ”), filed a voluntary petition for relief under chapter 11 of title 11 (the “ Chapter 11 Case ”) of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of New York (the “ Bankruptcy Court ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852117/000185211723000003/0001852117-23-000003-index.htm
- Listing & Compliance Notices
  Rockley Photonics Holdings Ltd received a nyse delisting notice notice regarding other (rules 802.01D).
  - Exchange: nyse
  - Notice: delisting notice
  - Rules: 802.01D
  source text: continued listing requirement in Section 802.01B of the NYSE’s Listed Company Manual because the Company’s market capitalization fell below $50 million over a 30 trading day period and its stockholders’ equity is less than $50 million. As a result of the Chapter 11 Cases in accordance with Section 802.01D of the NYSE Listed Company Manual, the Company expects that the Company’s common stock will be the subject of delisting from the NYSE. Under NYSE delisting procedures, the Company has the right to appeal this determination, but the Company does not intend to appeal. Forward Looking Statement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852117/000185211723000003/0001852117-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.