Molekule Group Said Board AAuthorized Co's Management To Commence Preparation Of Voluntary Petition Under Chapter 11 Of The U.S. Bankruptcy Code
Portfolio Pulse from Charles Gross
Molekule Group's board has authorized the company's management to begin preparation of a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
September 20, 2023 | 10:07 am
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Molekule Group is preparing for a potential Chapter 11 bankruptcy, which could significantly impact the company's stock price.
Chapter 11 bankruptcy often leads to a decrease in a company's stock price as it indicates financial distress. Investors may sell their shares due to the uncertainty surrounding the company's future, leading to a decrease in the stock price.
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