BUZZ-HTG Molecular Diagnostics down after filing for bankruptcy

Reuters2023-06-06

** Shares of HTG Molecular Diagnostics Inc extend losses, down 45.1% at $0.92 premarket

** Stock is biggest loser across U.S. exchanges before the bell; and is set to open at a record low, if losses hold

** The diagnostic firm filed for relief under Chapter 11 bankruptcy in Delaware on Monday

** HTGM will operate its business as a "debtor-in-possession" under the jurisdiction of the court

** To facilitate its ability to continue operating its business, the company has filed with the court motions seeking a variety of "first-day" relief

** Stock closed 20.8% down at $1.68 on Monday

** Up to last close, stock down ~58% YTD

(Reporting by Khushi Mandowara in Bengaluru)

((Khushi.Mandowara@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment