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Accelerate Diagnostics Files For Chapter 11 Protection; To Sell Substantially All Assets

Author: Benzinga Newsdesk | May 08, 2025 09:03am

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. Upon approval by the Bankruptcy Court, the DIP financing is expected to provide Accelerate with the necessary liquidity to operate in the normal course and meet obligations to its employees, vendors and customers throughout the Chapter 11 proceeding while executing on the sale process.

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