Gamida Cell Ltd. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits (Amendment)
UNITED STATES
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(Amendment No. 4)
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Explanatory Note
Item 8.01 Other Events.
On May 8, 2024, the District Court entered a Judgment in the Restructuring Proceeding, which, among other things, (i) approves the Debt Arrangement and other terms and conditions of the Company’s restructuring as set forth in the Support Agreement, subject to an amendment of section 5.3 of the Debt Arrangement improving the terms of the contingent value rights (“CVRs”) in accordance with the District Court expert’s recommendation; and (ii) rejects all of the requests and claims made by certain shareholders of the Company. The terms of the modified CVRs will be reflected in an amendment to the Support Agreement and described in a further amendment to the Form 8-K.
An official English translation of the District Court’s decision is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Cautionary Note Regarding the Company’s Ordinary Shares
The Company cautions that trading in its ordinary shares during the pendency of the Restructuring Proceeding is highly speculative and poses substantial risks. Trading prices for the ordinary shares may bear little or no relationship to the actual recovery, if any, by holders of the ordinary shares in the Restructuring Proceeding. The Company expects that holders of the ordinary shares could experience a significant or complete loss on their investment, depending on the outcome of the Restructuring Proceeding.
Item 9.01. Financial Statements and Exhibits.
Exhibit No. |
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| 99.1 | English translation of May 8, 2024 Ruling of the District Court of Beersheba, Israel | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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GAMIDA CELL LTD. | |
| Dated: May 10, 2024 | By: |
/s/ Abigail Jenkins |
| Abigail Jenkins | ||
| Chief Executive Officer | ||
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