Clearside Biomedical, Inc. (“Clearside” or the “Company”) announces that it has completed its financial restructuring and emerged from Chapter 11. All conditions to the effectiveness of the Company’s plan of reorganization (the “Plan”), as confirmed by the United States Bankruptcy Court for the District of Delaware, have been satisfied or waived, and the Plan became effective on the closing date. The Plan was sponsored by Steel Partners, Ltd. (“Steel Partners”), which provided new equity capital and credit support to the reorganized Company.
Read the full article: Clearside Biomedical, Inc. Completes Financial Restructuring and Emerges from Chapter 11 with Steel Partners as Plan Sponsor //
Source: https://www.businesswire.com/news/home/20260714817142/en/Clearside-Biomedical-Inc.-Completes-Financial-Restructuring-and-Emerges-from-Chapter-11-with-Steel-Partners-as-Plan-Sponsor