NanoString Technologies’ Strategic Asset Sale and Bankruptcy Outcome

NanoString Technologies (NSTGQ) has provided an update.

NanoString Technologies, Inc. has successfully navigated through a financial restructuring, culminating in the sale of its business assets to Bruker Corporation for over $392 million in cash and the assumption of certain liabilities. This strategic move, approved by the bankruptcy court, was finalized on May 6, 2024. As the company’s securities continue to be traded, investors are advised to exercise caution due to the speculative nature of the market and the uncertain outcome for security holders. The company’s forward-looking statements indicate caution due to various risks and uncertainties inherent in the bankruptcy process and its potential impact on operations and stakeholder returns.

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