Liquidation: T2 Biosystems, Inc.

Form Type: NT 10-K

Filing Date: 2025-04-01

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525069923

Filing Summary: T2 Biosystems, Inc. has filed a Notification of Late Filing (Form NT 10-K) due to the company terminating all employees and ceasing operations on February 13, 2025. On February 20, 2025, the company announced it engaged an advisory firm to sell its assets, including patents and other intellectual property. The company is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 because it lacks financial resources to engage an independent public accounting firm for an audit of its financial statements. There is uncertainty regarding when or if the Form 10-K will be filed, as it hinges on the company's financial capabilities. Additionally, a significant change in results of operations is anticipated, but a reasonable estimate cannot be made due to the aforementioned issues.