Sientra (SIEN) has released an update.
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Sientra, Inc., has filed for Chapter 11 bankruptcy and is set to be delisted from the Nasdaq due to non-compliance with listing rules, with its stock moving to the OTC Pink Marketplace under the symbol “SIENQ.” The company warns that trading its securities is highly speculative and substantial risks could lead to significant or total investment losses. They’ve secured a debtor-in-possession credit agreement to provide operational capital during the bankruptcy, but there’s no guarantee of recovery for shareholders, and the company’s future results could significantly differ from current expectations due to numerous risks and uncertainties.
For further insights into SIEN stock, check out TipRanks’ Stock Analysis page.
