Accelerate Diagnostics (AXDX) said it has voluntarily initiated a Chapter 11 restructuring proceeding in the United States Bankruptcy Court for the District of Delaware and will seek to sell assets through a court supervised sale process. Prior to the Chapter 11 filing, and subject to Bankruptcy Court approval, the company agreed to terms with ndaba Capital Management, a majority holder of the company's prepetition secured notes, to acquire substantially all the assets of the company.
To provide necessary funding during the Chapter 11 proceeding, Accelerate has received a commitment of up to $12.5 million in a multi-draw DIP financing facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.