Biolase Gets Go-Ahead For Nov. Asset Auction

By Rick Archer · October 17, 2024, 2:22 PM EDT

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...

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Bankruptcy Scorecard

Summary

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

Capital Structure

Total Liabilities:

Around $32.8 million

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Related Sections

Case Information

Case Title

Biolase, Inc.

Case Number

1:24-bk-12245

Court

Delaware

Nature of Suit

Date Filed

October 01, 2024

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