Cue Health Files Voluntary Petitions Under Chapter 7 Of US Bankruptcy Code In The District Of Delaware To Pursue Wind Down Of Its Business
Portfolio Pulse from Benzinga Newsdesk
Cue Health has filed for Chapter 7 bankruptcy in the District of Delaware, initiating the process to wind down its business. A bankruptcy trustee will be appointed to liquidate the company's assets and pay creditors.
May 28, 2024 | 8:32 pm
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Cue Health has filed for Chapter 7 bankruptcy, which will lead to the liquidation of its assets to pay creditors. This marks the end of its business operations.
The filing for Chapter 7 bankruptcy indicates that Cue Health will cease operations and liquidate its assets. This is a significant negative event for the company, leading to a likely decline in its stock price.
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