Bankruptcy: CUTERA INC

Form Type: 8-K

Filing Date: 2025-03-10

Corporate Action: Bankruptcy

Type: New

Accession Number: 000162828025011587

Filing Summary: On March 6, 2025, Cutera, Inc. was notified by Nasdaq that it would be delisted due to the company commencing voluntary Chapter 11 bankruptcy proceedings on March 5, 2025. On March 10, 2025, Cutera delivered notice to Nasdaq of its intent to voluntarily delist its common stock from the Nasdaq Global Select Market, which reflects its ongoing financial challenges as part of the Chapter 11 process. The company plans to file a Form 25 with the SEC around March 20, 2025, to effect the delisting, which will become effective about ten days after this filing. Following the delisting, Cutera may seek to have its shares quoted on the Pink Open Market, but it cannot guarantee a trading market for its stock will exist. There are significant risks and uncertainties pertaining to their ongoing bankruptcy proceedings and its impact on the company's future.

Form Type: 8-K

Filing Date: 2025-03-07

Corporate Action: Bankruptcy

Type: New

Accession Number: 000162828025011029

Filing Summary: On March 6, 2025, Cutera, Inc. was notified by Nasdaq that it would be delisted due to the company's commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code on March 5, 2025. The delisting is based on Nasdaq's assessment that Cutera is no longer suitable for listing as per their rules. Trading of Cutera's common stock will be suspended on March 13, 2025, and a Form 25-NSE will be filed with the SEC to remove the Company's common stock from listing and registration on Nasdaq. The Company does not intend to appeal the delisting decision.

Form Type: 8-K

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: New

Accession Number: 000119312525046217

Filing Summary: On March 5, 2025, Cutera, Inc. filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas, initiating Chapter 11 bankruptcy proceedings. The company and its subsidiary, Crystal Sub, LLC, sought joint administration of their cases and will continue to operate as debtors-in-possession. They filed various 'first day' motions to facilitate ongoing operations and requested approval for debtor-in-possession financing. A Restructuring Support Agreement (RSA) was entered into with senior noteholders representing 74% of prepetition claims, outlining terms for a restructuring plan that includes equitizing approximately $429.1 million in senior note claims, a $25 million DIP facility, and a $30 million equity rights offering backstopped by noteholders. The RSA also stipulates milestones for the restructuring process, which aims to address the company’s financial distress and is subject to Bankruptcy Court approval. Additionally, a backstop commitment agreement was established to support the equity rights offering. Cutera cautioned that trading in its securities is speculative, and significant losses for investors are expected.

Form Type: S-3DPOS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: New

Accession Number: 000162828025010558

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment to deregister all unsold or otherwise unissued securities under Registration Statement No. 333-237552, which was initially filed on April 2, 2020. This filing is in conjunction with the commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Consequently, the offering pursuant to the previous registration statement is terminated, and all registered securities that remained unsold as of this date are hereby removed from registration.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010569

Filing Summary: On March 5, 2025, Cutera, Inc. and certain of its subsidiaries initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas. This document serves as a Post-Effective Amendment to deregister all shares of the Registrant’s common stock that were previously registered but unsold or otherwise unissued across multiple Registration Statements filed with the SEC. The Registrant has confirmed its intent to terminate the offerings pursuant to these Registration Statements due to the ongoing Chapter 11 proceedings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010570

Filing Summary: On March 5, 2025, Cutera, Inc. and certain subsidiaries initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas. This document is a Post-Effective Amendment related to multiple previously filed Registration Statements on Form S-8, aimed at deregistering shares of common stock that were registered but unsold or otherwise unissued. The Registrant details the specific Registration Statements, their registration dates, and the number of shares involved that are being removed from registration due to the termination of these offerings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010571

Filing Summary: On March 5, 2025, Cutera, Inc. and certain subsidiaries filed for voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. This document serves as a Post-Effective Amendment to deregister any and all shares of common stock that were registered but unsold or unissued under various previous Registration Statements, thereby terminating the offerings associated with those filings. The listed Registration Statements range from 2004 to 2023 and collectively account for several million shares of common stock that are now being removed from registration due to the bankruptcy proceedings. Additionally, the Registrant affirmed it meets the requirements for filing on Form S-8 and authorized the signing of this document as of the filing date.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010572

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment to deregister shares of its common stock previously registered under multiple Registration Statements. The amendment occurs in light of Cutera, Inc. and certain subsidiaries commencing voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas. This filing includes the deregistration of all unsold or unissued shares under the previous Registration Statements, which have been terminated due to the bankruptcy proceedings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: New

Accession Number: 000162828025010573

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment to deregister all unsold or unissued shares under several prior Registration Statements related to stock plans and equity incentives following the commencement of voluntary Chapter 11 bankruptcy proceedings in the Southern District of Texas. The Registration Statements include filings from as early as 2004 up to 2023, covering various employee stock plans and options. The amendment formally terminates the offerings outlined in these statements, which included millions of shares associated with multiple equity incentive plans.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010575

Filing Summary: On March 5, 2025, Cutera, Inc. and certain subsidiaries filed for voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas. This document serves as a Post-Effective Amendment to disable registration of any unsold or unissued shares under various previously filed Registration Statements on Form S-8. The amendments include deregistration of shares from the 1998 Stock Plan, 2004 Equity Incentive Plan, 2004 Employee Stock Purchase Plan, and subsequent plans, totaling several million shares that had been registered but were not sold by the filing date. This amendment terminates the registration of these offerings as part of the bankruptcy proceedings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010577

Filing Summary: On March 5, 2025, Cutera, Inc. and certain subsidiaries initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas. This document serves as a post-effective amendment to deregister all shares of Cutera’s common stock that were registered but unsold or unissued under previously filed Registration Statements on Form S-8. The amendment details the various Registration Statements, including their respective share allocations, and confirms the termination of the offerings associated with these securities. It includes the company’s contact details and certifies their compliance with the requirements for filing on Form S-8.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010578

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment No. 1 to Form S-8, deregistering all shares of common stock previously registered but unsold under several Registration Statements as the company and some subsidiaries initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas. This amendment serves to terminate the offerings pursuant to the aforementioned Registration Statements, which included registrations under the 1998 Stock Plan, 2004 Equity Incentive Plan, 2004 Employee Stock Purchase Plan, 2019 Equity Incentive Plan, and 2023 Inducement Equity Incentive Plan.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010579

Filing Summary: On March 5, 2025, Cutera, Inc. and certain subsidiaries commenced voluntary Chapter 11 proceedings under the United States Bankruptcy Code in the Southern District of Texas. As part of this process, the company is terminating the offerings pursuant to multiple Registration Statements previously filed with the SEC. The Post-Effective Amendment removes from registration all securities that were previously registered but remained unsold or unissued as of the date of this document. This document details the deregistration of shares across several Registration Statements dating back to 2004 for various employee stock plans. Furthermore, Cutera certifies compliance with the filing requirements of Form S-8 and has caused this amendment to be signed by its Interim Chief Financial Officer, Stuart Drummond, in Brisbane, California.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010580

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment to Form S-8 with the SEC, indicating the deregistration of certain shares of its common stock due to the initiation of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. The document outlines multiple prior Registration Statements associated with the company, detailing the shares that are now being removed from registration as they remain unsold or unissued. The filing confirms the termination of offerings pursuant to these Registration Statements and the steps taken by the company in light of the bankruptcy proceedings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010581

Filing Summary: On March 5, 2025, Cutera, Inc. filed a Post-Effective Amendment No. 1 to its Form S-8 Registration Statements due to the commencement of voluntary proceedings under Chapter 11 of the United States Bankruptcy Code. The registrant is deregistering any and all shares of the company's common stock that were registered but unsold or otherwise unissued under various previously filed Registration Statements. The amendment specifically illustrates the total shares associated with each plan and removes them from registration. This action is in line with the undertaking made to remove unsold securities upon termination of offerings, as now these offerings are being terminated due to the bankruptcy proceedings.

Form Type: S-8 POS

Filing Date: 2025-03-05

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000162828025010582

Filing Summary: On March 5, 2025, Cutera, Inc. filed a post-effective amendment to deregister certain shares of its common stock that were registered but unsold under multiple Form S-8 registration statements. The company commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the Southern District of Texas on the same date, which has necessitated the termination of offerings under the Registration Statements. This amendment confirms the removal from registration of all unsold or unissued securities under these Registration Statements, thereby indicating a significant corporate restructuring due to bankruptcy proceedings.