Immune Pharmaceuticals Inc Announces Immune Pharmaceuticals Proposal to Exit Bankruptcy
Immune Pharmaceuticals, Inc. (IMNPQ) is in the early stages of discussions with United General LTD, a UK investment firm, to explore options for restructuring and exiting bankruptcy. The discussions are led by Adeel Ahmed, CFO of United General LTD. An initial interest in acquiring Immune Pharmaceuticals has been expressed, with both parties agreeing to explore legal avenues for a potential reorganization plan. However, there is no guarantee that a definitive proposal will be accepted by the bankruptcy court.
- Exploration of restructuring options with United General LTD.
- Initial interest from United General for acquiring Immune Pharmaceuticals.
- No assurance that a proposal will be accepted by the bankruptcy court.
- Uncertainty surrounding the execution of any agreement or transaction.
Immune Pharmaceuticals, Inc. (IMNPQ) Proposal to Exit Bankruptcy.
FORT LEE, VA / ACCESSWIRE / March 18, 2021 / Immune Pharmaceuticals Inc. (OTC PINK:IMNPQ) is in early-stage discussions with United General LTD, a UK Institutional Investment firm.
Immune Pharmaceuticals Inc.'s trustee and representatives are exploring options to restructure the company with United General LTD.
Adeel Ahmed, CFO and Managing partner of United General LTD, is leading the current discussions with Immune Pharmaceuticals Inc.
According to United General an initial interest has been presented for acquiring Immune Pharmaceuticals, Inc.
According to the preliminary conversations between legal representatives, both sides have agreed to explore all legal avenues to achieve exiting bankruptcy.
Further details surrounding a potential reorganization plan may be announced once a legal pathway can be agreed.
There can be no assurance that any definitive proposal will be made, or accepted by the bankruptcy court or Immune Pharmaceuticals, Inc., and that any agreement can be executed or that any transactions with the trustee or legal council will be approved or consummated.
The company's debt holders and large shareholders are encouraged to contact Adeel Ahmed of United General LTD directly for additional information and syndication opportunities in relation to Immune Pharmaceuticals, Inc.
Adeel can be contacted at; a.ahmed@unitedgeneral.co.uk
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Immune Pharmaceuticals Inc.
View source version on accesswire.com:
https://www.accesswire.com/636289/Immune-Pharmaceuticals-Inc-Announces-Immune-Pharmaceuticals-Proposal-to-Exit-Bankruptcy
FAQ
What is the latest news about Immune Pharmaceuticals, Inc. (IMNPQ) regarding bankruptcy?
Who is leading the discussions for Immune Pharmaceuticals' restructuring?
Is there any guarantee that Immune Pharmaceuticals will exit bankruptcy?
What potential plans are being discussed by Immune Pharmaceuticals and United General LTD?
