Tonight Dextera's ($DXTR) first draft of it's Plan of Liquidation and Disclosure Statement were filed. While several important specifics were not included, an important thing that was included was a potential timeline for the case. Below is what has been suggested (subject to change of course):
Objections to the Disclosure Statement are due on May 16th.
Dextera Surgical is a company in bankruptcy who's already sold substantially all their assets, along with the assumption of certain liabilities. They filed a voluntary petition for reorganization on December 11th of last year to simplify the wind down process after entering into an APA with AesDex LLC.
As of their latest MOR filed yesterday, March 20th, their balance sheet looks like this:
One important thing to note is that the bar date for general claims is April 11th so liabilities could possibly increase. The remainder of the wind down process will also mean additional expenses will be incurred. They motioned to retain Arch & Beam's Matthew English as their Chief Restructuring Officer.