Solar Biotech Gets OK For Failed Bidder Breakup Fee

By Rick Archer · January 28, 2025, 7:15 PM EST

A Delaware bankruptcy judge on Tuesday gave biotechnology firm Solar Biotech permission to pay a $456,000 breakup fee to the unsuccessful bidder in its Chapter 11 auction, saying the baseline offer...

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Case Information

Case Title

Solar Biotech, Inc.

Case Number

1:24-bk-11402

Court

Delaware

Nature of Suit

Date Filed

June 23, 2024