NanoString Technologies’ Bankruptcy and Stock Cancellation

NanoString Technologies (NSTGQ) has provided an update.

NS Wind Down Co., Inc., previously known as NanoString Technologies, Inc., and its subsidiaries, collectively referred to as “Debtors,” have entered Chapter 11 bankruptcy. Recently, their reorganization plan was approved by the court, resulting in the cancellation of all common stock and related securities, which leaves shareholders without any property at this time. Future distributions may occur if any value remains after all creditors are paid, but this is uncertain and will take months to determine. The company is also taking steps to deregister its securities, effectively removing itself from public trading obligations.

For a thorough assessment of NSTGQ stock, go to TipRanks’ Stock Analysis page.