A Delaware bankruptcy judge on Thursday said she would send dental laser maker Biolase to the auction block in a little over two weeks with a $14 million opening bid from...
Biolase, a manufacturer of lasers used in dental procedures, sought bankruptcy protection in Delaware, and disclosed roughly $33 million in debt and a $14 million stalking horse offer for its assets, citing financial challenges that it said stemmed from slow market adoption of new technology and economic headwinds.
Case Number
24-12245
Judge
Karen Owens
Venue
U.S. Bankruptcy Court for the District of Delaware