Why Cue Health Shares Are Getting Hammered
Why Cue Health Shares Are Getting Hammered
Cue Health Inc (NASDAQ:HLTH) shares are trading lower by 24.9% to $0.07 during Wednesday's session after the company announced that it filed voluntary petitions under Chapter 7 of the U.S. Bankruptcy Code in the District of Delaware to pursue a wind down of its business.
Cue Health Inc（纳斯达克股票代码：HLTH）股价在周三的交易中下跌24.9％，至0.07美元，此前该公司宣布根据美国破产法第7章在特拉华特区自愿提交申请，要求结束其业务。
Additionally, on May 16 Cue Health terminated its Loan and Security Agreement, originally dated June 30, 2022, which included a $100 million secured revolving credit facility and a $20 million letter of credit subfacility. At the termination, Cue Health had no loans outstanding under this agreement and cash collateralized $504,440.40 for letters of credit issued under the agreement.
此外，5月16日，Cue Health终止了原定于2022年6月30日签订的贷款和担保协议，其中包括1亿美元的有担保循环信贷额度和2000万美元的信用证子贷款。在终止时，Cue Health没有根据该协议未偿还的贷款，根据该协议签发的信用证为504,440.40美元的现金抵押。
The bankruptcy filing will result in a Chapter 7 trustee being appointed to liquidate the company's assets and pay off its claims according to the Bankruptcy Code.
破产申请将导致指定第7章受托人根据《破产法》清算公司的资产并偿还其索赔。
According to data from Benzinga Pro, HLTH has a 52-week high of $0.78 and a 52-week low of $0.05.
根据Benzinga Pro的数据，HLTH的52周高点为0.78美元，52周低点为0.05美元。