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The latest update is out from Novan Inc (NOVN).
NVN Liquidation, Inc., formerly known as Novan, Inc., and its subsidiary, EPI Health, LLC, have successfully navigated Chapter 11 bankruptcy with the confirmation of their liquidation plan by the court. As a result, all outstanding equity in the company has been canceled and shareholders will not retain any assets. In response to the plan’s implementation, the company is moving to deregister its securities, indicating that it will no longer have publicly traded shares.
Learn more about NOVN stock on TipRanks’ Stock Analysis page.