NanoString Technologies, Inc. NSTG

I play to drop off to buy down and sell it on top, we're not gonna sell it

NanoString Announces Completion of Financing to Support Restructuring Process

NanoString Announces Completion of Financing to Support Restructuring Process

$47.5 Million in New Financing Secured from Existing Noteholders, Upsized from Initial $40 million Commitment

Supports Mission to Continue Serving Life Sciences Researchers Worldwide

SEATTLE, February 09, 2024--(BUSINESS WIRE)--NanoString Technologies, Inc. (NASDAQ: NSTG), a leading provider of life science tools for discovery and translational research, today announced the Company has entered into a credit agreement with its existing lenders comprised of (a) $12,500,000 in new money term loans which have already been approved for funding pursuant to the February 5 interim order of the U.S. Bankruptcy court approving the credit facility, and (b) an additional $35,000,000 in new money term loans to be funded upon entry of the final order of the Court approving the credit facility, which is expected in late February. The total amount of $47.5 million to be provided represents an increase as compared to the initial $40 million commitment as announced on February 5, 2024. The proceeds of this new financing will support the Company through its restructuring process and will be used to support the continued and ordinary course operations of the Company, including its product sales, product development and other key business activities.

I play to drop off to buy down and sell it on top, we're not gonna sell it

No Sell
Buy big short

Buy short??????????

People are misinformed, they start selling, they panic, they're buying cheap, they're selling, they're selling

Actionists, the company is not broke is in the process of restructuring calm. Look at the CEO's response ?

Tammer These people can't see the CEO's response. Restructuring is going on⬆️?