Gritstone bio ( (GRTSQ) ) has provided an announcement.
Gritstone bio, Inc. filed for Chapter 11 bankruptcy on October 10, 2024, and has since undergone a reorganization process. On April 3, 2025, the United States Bankruptcy Court confirmed the company’s Second Modified Plan of Reorganization, which became effective on April 4, 2025. As part of the reorganization, all outstanding shares of common stock and other equity interests were canceled, and a debt-to-equity conversion was implemented to restructure the company’s balance sheet. The reorganization plan also includes the creation of a Liquidating Trust for the benefit of General Unsecured Creditors, while holders of Subordinated Claims will not receive distributions. The company has also moved to deregister its securities and suspend its reporting obligations.
More about Gritstone bio
YTD Price Performance: 10.0%
Technical Sentiment Signal: Buy
Current Market Cap: $118
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