Shapeways Holdings Inc.
07/03/2024 | Press release | Distributed by Public on 07/03/2024 04:02
Management Change/Compensation Form 8 K
Item 1.03 Bankruptcy or Receivership.
On July 2, 2024, after considering all strategic alternatives, Shapeways Holdings, Inc. (the "Company") ceased operations and filed a voluntary petition for relief (the "Bankruptcy Filing") under the provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. ยง101 et seq. (the "Bankruptcy Code"). The Bankruptcy Filing was filed in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). Each of the Company's subsidiaries also ceased operations and filed voluntary petitions for bankruptcy relief.
As a result of the Bankruptcy Filing, a Chapter 7 trustee will be appointed by the Bankruptcy Court and will administer the Company's bankruptcy estate, including liquidating the assets of the Company in accordance with the Bankruptcy Code. Once a Chapter 7 trustee is appointed, an initial hearing for creditors will be scheduled, and the Notice of Bankruptcy Case Filing will be sent to known creditors.