Dental Laser Co. Can Tap $5M DIP For Swift Ch. 11 Sale Plans

By Clara Geoghegan · October 3, 2024, 2:52 PM EDT

Biolase Inc., which makes laser systems used by dentists, received a Delaware bankruptcy judge's approval Thursday to access $1.4 million of an up to $5 million debtor-in-possession package as it plans...

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Bankruptcy Scorecard

Summary

A California-based maker of dental lasers filed for Chapter 11 with plans to sell itself after several years of heavy losses.

Case Number

24-bk-12245

Judge

Karen Owens

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$33 million

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Related Sections

Case Information

Case Title

PIPstek, LLC v. Biolase, Inc.

Case Number

1:23-cv-00011

Court

Delaware

Nature of Suit

Patent

Date Filed

January 04, 2023

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