$BIOR Adi mohanti is a liar & thief and his loser ass company couldn’t develop a product or make any f’ing money, so they stole it from investors & planned the whole bankruptcy scheme!
$BIOR 25k watchers!!! On this pos. Sure!!! Criminal run enterprise led by a freaking liar. All should be have been prosecuted by doj including the board of directors
$BIOR does anyone know what happens to our shares when a company goes private. I had some shared in this POS for a long time I forgot about. Am UK based. Thanks
$BIOR
AstraZeneca is one of the confirmed collaborators; the others are anonymous.
Current Status
After successfully completing the legal restructuring process, the company's CEO, Adi Mohanty, confirmed that Biora Therapeutics has emerged from bankruptcy and become a private company with a healthy balance sheet. The company is currently maintaining its operations with a sole focus on the technical and commercial advancement of its BioJet™ oral autoinjection platform.
$BIOR
Yes, after completing its bankruptcy restructuring process, Biora Therapeutics ceased to be a publicly traded company and became a private company. Ownership of its patents, technologies, and operating assets was transferred to a new corporate entity registered as BT Bidco Inc. (which operates under the trade name Biora Therapeutics).
The company's current owners are a group of its former secured creditors, who assumed full control after executing a credit offer and exchanging the company's debt for control of its assets in bankruptcy court.
The majority investment funds that control the company are:
Highbridge Capital Management LLC: A US hedge fund focused primarily on healthcare investments and equity arbitrage.
Davidson Kempner Capital Management LP: A global institutional investment management firm.
Context Capital Management LLC: A firm specializing in fixed income strategies and arbitrage.
