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Published on 6/15/2023 in the Prospect News Distressed Debt Daily.

SiO2 Medical pushes back sale timeline; auction now June 28

By Sarah Lizee

Olympia, Wash., June 15 – SiO2 Medical Products, Inc. pushed back the sale timeline under its court-approved bid procedures, according to documents filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The bid deadline was moved to 4 p.m. ET on June 22 from 4 p.m. ET on June 12, the auction was moved to June 26 from June 15, and the sale hearing was moved to July 18 from June 22, in line with the plan confirmation hearing.

The Auburn, Ala.-based company creates and manufactures engineered primary packaging container components for the pharmaceutical and biotechnology industry. The company filed bankruptcy on March 29 under Chapter 11 case number 23-10366.


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