Gritstone bio Takes Action to Preserve Value and Strengthen Capital Structure
Gritstone bio, Inc. (GRTS)
Last gritstone bio, inc. earnings: 11/12 09:01 am
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Source: Business Wire
Voluntarily Files for Chapter 11 RestructuringStrategic Alternatives Process Continues with Interest from Parties EMERYVILLE, Calif.--(BUSINESS WIRE)--Gritstone bio, Inc. (Nasdaq: GRTS) (“Gritstone” or the “Company”), a clinical-stage biotechnology company working to develop the world’s most potent vaccines, today announced it has filed a voluntary petition under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.Gritstone intends to use the court-administered restructuring process to preserve value and support its ongoing strategic alternatives process. The Company is in discussions with a party to act as a stalking horse bidder or plan sponsor and intends to present an agreement to the Court as early as next week in order to enter into a value-maximizing transaction and continue to research and develop its next-generation vaccines and immunotherapies for oncology and infectious diseases.“Our world-class science and c
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GRTS
News
- Gritstone bio, Inc. (NASDAQ: GRTS) was downgraded by analysts at B. Riley from a "strong-buy" rating to a "hold" rating.MarketBeat
- Gritstone bio, Inc. (NASDAQ: GRTS) was upgraded by analysts at Evercore ISI to a "strong-buy" rating.MarketBeat
- Gritstone bio, Inc. (NASDAQ: GRTS) had its "neutral" rating re-affirmed by analysts at B. Riley. They now have a $1.00 price target on the stock, down previously from $3.00.MarketBeat
- Gritstone bio, Inc. (NASDAQ: GRTS) had its "neutral" rating re-affirmed by analysts at HC Wainwright. They now have a $0.50 price target on the stock, down previously from $4.00.MarketBeat
- Gritstone bio, Inc. (NASDAQ: GRTS) was downgraded by analysts at JMP Securities from an "outperform" rating to a "market perform" rating.MarketBeat
GRTS
Earnings
- 8/13/24 - Beat
GRTS
Sec Filings
- 10/16/24 - Form 8-K
- 10/10/24 - Form 8-K
- 10/7/24 - Form SC
- GRTS's page on the SEC website