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（納斯達克股票代碼：HLTH）股價在週三的交易中下跌24.9％，至0.07美元，此前該公司宣佈根據美國破產法第7章在特拉華特區自願提交申請，要求結束其業務。
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終止了原定於2022年6月30日簽訂的貸款和擔保協議，其中包括1億美元的有擔保循環信貸額度和2000萬美元的信用證子貸款。在終止時，Cue Health沒有根據該協議未償還的貸款，根據該協議簽發的信用證爲504,440.40美元的現金抵押。
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.
破產申請將導致指定第7章受託人根據《破產法》清算公司的資產並償還其索賠。
According to data from Benzinga Pro, HLTH has a 52-week high of $0.78 and a 52-week low of $0.05.
根據Benzinga Pro的數據，HLTH的52周高點爲0.78美元，52周低點爲0.05美元。