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BRIEF-Uni-Pixel's board authorizes co and its unit to file voluntary petition for relief under title 11 of U.S. Bankruptcy Code
August 25, 2017 / 8:43 PM / 4 months ago

BRIEF-Uni-Pixel's board authorizes co and its unit to file voluntary petition for relief under title 11 of U.S. Bankruptcy Code

Aug 25 (Reuters) - Uni-Pixel Inc

* Uni-Pixel Inc - ‍On Aug 24, co’s board authorized co and its unit Uni-Pixel displays to file a voluntary petition for relief under title 11 of U.S. Bankruptcy Code

* Uni-Pixel Inc says the ‍petitions have not yet been filed but it is anticipated that company will do so in next 1-2 business days​

* Uni-Pixel - ‍also currently anticipated that debtors will file petitions under Chapter 11 of Bankruptcy Code which would enable debtors to act as debtors-in-possession​

* Uni-Pixel - ‍On Aug. 25, terminated employment of Jeff Hawthorne, CEO, and Christine Russell, CFO - SEC filing

* Uni-Pixel - ‍Intends to use bankruptcy process to seek to sell assets including manufacturing equipment, research and development equipment, intellectual property assets​ Source text: [bit.ly/2wcd8bc] Further company coverage:

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