Teligent Inc

NASDAQ:TLGT  
0.17
-0.03 (-14.35%)
Debt Financing / Related, Officer Changes, Divestitures / Spin-offs

Teligent To Pursue Asset Sale Through Voluntary Chapter 11 Process

Published: 10/14/2021 10:48 GMT
Teligent Inc (TLGT) - Teligent to Pursue Asset Sale Through Voluntary Chapter 11 Process.
Teligent - Arranging $12 Million Debtor-in-possession Financing From Its Senior Secured Lenders and Access to Its Cash Collateral on a Consensual Basis.
Teligent Inc - Canadian Entities to Pursue Sale Process Outside of Chapter 11.
Teligent - Expects to Consummate a Sale of Entire Business Or Its Core Assets by Early 2022.
Teligent - CEO Tim Sawyer and Chief Legal Officer and Executive Vice President Philip Yachmetz Resigned Effective Oct 8.