Invitae gets court approval for five-month bankruptcy sale [Yahoo! Finance]
Invitae Corporation (NVTA)
Last invitae corporation earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
the genetic testing company to find a buyer and exit from Chapter 11 by late July. U.S. Bankruptcy Judge Michael Kaplan approved the Softbank-backed company's proposed bid procedures at a court hearing in Trenton, New Jersey, setting an April 10 deadline for initial bids and scheduling an auction for April 17. Invitae, which filed for bankruptcy protection on Tuesday, intends to seek court approval of the sale on May 6 and expects to close the transaction by July 21. Invitae does not expect equity shareholders to receive any recovery in its bankruptcy, according to court documents. It has about $1.5 billion in debt. Its bankruptcy petition estimated that its total assets are worth between $500 million and $1 billion. Invitae began reaching out to potential buyers in December, and it has already received some initial bids, Invitae attorney Nicole Greenblatt told Kaplan. Greenblatt said Invitae went bankrupt because it took on too much debt to fund its expansion from 2019 to 2
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News
- Invitae gets court approval for five-month bankruptcy sale [Reuters]Reuters
- Genetic Testing Firm Invitae, Backed by SoftBank and Cathie Wood, Files for Chapter 11 [Yahoo! Finance]Yahoo! Finance
- Invitae files for Chapter 11 bankruptcy to address huge debt load [Seeking Alpha]Seeking Alpha
- Genetic test maker Invitae files for bankruptcy protection in US [Reuters]Reuters
- Genetic Testing Firm Invitae, Backed by SoftBank and Cathie Wood, Files for Chapter 11 [BNN Bloomberg (Canada)]BNN Bloomberg
NVTA
Earnings
- 11/8/23 - Miss
NVTA
Sec Filings
- 2/14/24 - Form 8-K
- 2/13/24 - Form SC
- 2/13/24 - Form SC
- NVTA's page on the SEC website