BRIEF-OncoSec Medical Files Voluntary Petition For Relief Under Provisions Of Chapter 7 Of Title 11 Of United States Code

Reuters2023-06-15

June 14 (Reuters) - OncoSec Medical Inc :

* ONCOSEC MEDICAL INC - FILED A VOLUNTARY PETITION FOR RELIEF ( "PETITION") UNDER PROVISIONS OF CHAPTER 7 OF TITLE 11 OF UNITED STATES CODE

* ONCOSEC MEDICAL INC- UNIT ONCOSEC MEDICAL AUSTRALIA PTY, LTD., EXPECTS TO LIQUIDATE AND WIND DOWN OPERATIONS

* ONCOSEC MEDICAL INC - ROBERT ARCH TENDERED HIS RESIGNATION AS COMPANY'S PRESIDENT AND CHIEF EXECUTIVE OFFICER EFFECTIVE ON JUNE 14

* ONCOSEC MEDICAL INC - NO LONGER HAS ANY CURRENT EXECUTIVE OFFICERS

* ONCOSEC MEDICAL - CO WILL HAVE NO MEMBERS SERVING ON ITS BOARD OF DIRECTORS

* ONCOSEC MEDICAL- BANKRUPTCY COURT PETITION ON JUNE 14 CONSTITUTED EVENT OF DEFAULT IN CONVERTIBLE PROMISSORY NOTE, SECURITY DEAL DATED NOV 25, 2022

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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