Uphealth, INC 8-K filings

UpHealth Holdings, a subsidiary of UpHealth Inc., has entered into a non-binding agreement to sell its equity interest in TTC Healthcare for $11 million to an entity formed by former CEO Martin Beck and Freedom 3 Capital, pending bankruptcy court approval.

UpHealth, Inc. secures a partial victory in its long-standing arbitration dispute with Glocal Healthcare Systems, as a U.S. District Court confirms the arbitration award against most respondents but remands part of the case for further proceedings.

UpHealth, Inc. has completed the sale of Cloudbreak and used proceeds to repurchase a significant portion of its outstanding debt, including all of its 2026 Notes and a portion of its 2025 Notes.

UpHealth's CEO, Martin Beck, has resigned, and CFO Jay Jennings has been appointed as Acting CEO, alongside other organizational changes.

UpHealth, Inc. has completed the repurchase of its 2026 Notes and a portion of its 2025 Notes following the sale of Cloudbreak, while also rescheduling its NYSE delisting hearing.

UpHealth Holdings, a subsidiary of UpHealth, Inc., is planning to sell its equity interest in TTC Healthcare to maximize value for creditors as part of its Chapter 11 bankruptcy proceedings.

UpHealth's appeal against a $37.8 million judgment was rejected, adding to the company's financial woes amid delisting from the NYSE and ongoing bankruptcy proceedings.

UpHealth has finalized the sale of Cloudbreak and is now offering to repurchase its 2025 and 2026 notes following the completion of the sale.

UpHealth, Inc. has entered into an administrative services agreement with its subsidiary, TTC Healthcare, Inc., to provide ongoing management and support services.

UpHealth is taking steps to enforce a $110.2 million arbitration award against Glocal Healthcare Systems and its officers for breach of contract related to a 2020 acquisition.

UpHealth reports its fourth quarter and full year 2023 financial results, highlighting a strategic shift towards its profitable behavioral health business and the sale of Cloudbreak Health.

UpHealth, Inc. has been awarded over $110 million in damages by the International Court of Arbitration in a breach of contract lawsuit against Glocal Healthcare and its officers, while also requesting two board members to resign due to conflicts of interest.

UpHealth, Inc. has entered into second amended employment agreements with its CEO and CFO, outlining new compensation structures and severance terms, while also navigating ongoing delisting from the NYSE.

UpHealth has finalized the sale of Cloudbreak Health for $180 million in cash, marking a significant step in its restructuring and strategic shift towards behavioral health.

UpHealth, Inc. stockholders have approved the sale of its Cloudbreak subsidiary for $180 million, while the company continues to face delisting from the New York Stock Exchange.

UpHealth's CEO, Martin Beck, received a stock option grant for 1.3 million shares, with vesting tied to continued service and potential uplisting, while the company appeals its NYSE delisting.

UpHealth, Inc. has amended its debt agreements and secured support from noteholders for the sale of its Cloudbreak subsidiary.

UpHealth has appointed a new trustee for its 6.25% Unsecured Convertible Notes, while also providing updates on its NYSE delisting appeal and the bankruptcy proceedings of its subsidiaries.