BRIEF-Rockley Photonics Files Petition For Relief Under United States Code

Reuters

2023-01-24

Jan 24 (Reuters) - Rockley Photonics Holdings Ltd

:

* ROCKLEY PHOTONICS HOLDINGS LTD - ON JANUARY 23, FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF TITLE 11 OF UNITED STATES CODE

* ROCKLEY PHOTONICS - FILED MOTIONS WITH BANKRUPTCY COURT TO SEEK AUTHORIZATION TO CONTINUE TO OPERATE ITS BUSINESS AS A "DEBTOR IN POSSESSION"

* ROCKLEY PHOTONICS HOLDINGS LTD - NONE OF ROCKLEY'S SUBSIDIARIES HAVE FILED VOLUNTARY PETITIONS FOR RELIEF UNDER BANKRUPTCY CODE

* ROCKLEY PHOTONICS - FILED PREPACKAGED CHAPTER 11 PLAN OF REORGANIZATION OF CO AND RELATED DISCLOSURE STATEMENT

* ROCKLEY PHOTONICS - HAS SOUGHT EXPEDITED APPROVAL OF PLAN AS PART OF COMPREHENSIVE RESTRUCTURING TO DE-LEVER CO'S CONSOLIDATED BALANCE SHEET

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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