Health
Newly Public Pregnancy Care Firm Nuvo Files for Bankruptcy
- The Israeli company merged with a US-listed SPAC in May
- Firm lists $3.5 million of assets, seeks to restructure
A pregnancy monitoring and management device called INVU made by Nuvo.
Source: Nuvo Group Ltd.This article is for subscribers only.
Holdco Nuvo Group DG Ltd. filed for bankruptcy in Delaware nearly four months after going public via a special purpose acquisition company.
The Tel Aviv-based firm, which sells monitoring devices for babies’ heart rates, filed for Chapter 11 on Thursday and intends to restructure, according to its bankruptcy petition. It listed $3.5 million in assets and $39.4 million in debt.