Exhibit 99.1
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc
Main Document Page 1 of 12
UNITED STATES BANKRUPTCY COURT
Northern DISTRICT OF Texas
Dallas
In Re. Eiger BioPharmaceuticals, Inc. | § | Case No. 24-80040 | ||
§ | ||||
§ | Lead Case No. 24-80040 | |||
Debtor(s) | § | |||
☒ Jointly Administered |
Monthly Operating Report | Chapter 11 |
Reporting Period Ended: 07/31/2024 | Petition Date: 04/01/2024 | |||||||||||||
Months Pending: 4 | Industry Classification: | 3 | 2 | 5 | 4 |
Reporting Method: | Accrual Basis | Cash Basis | ||||
Debtor’s Full-Time Employees (current): | 6 | |||||
Debtor’s Full-Time Employees (as of date of order for relief): | 9 |
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☒ | Statement of cash receipts and disbursements |
☒ | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit |
☒ | Statement of operations (profit or loss statement) |
☒ | Accounts receivable aging |
☒ | Postpetition liabilities aging |
☐ | Statement of capital assets |
☐ | Schedule of payments to professionals |
☒ | Schedule of payments to insiders |
☒ | All bank statements and bank reconciliations for the reporting period |
☒ | Description of the assets sold or transferred and the terms of the sale or transfer |
/s/ Doug Staut | Doug Staut | |||||
Signature of Responsible Party | Printed Name of Responsible Party | |||||
08/30/2024 | ||||||
Date | 2100 Ross Avenue, 21st Floor, Dallas, Texas 75201 | |||||
Address |
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 2 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | ||||||||
a. | Cash balance beginning of month | $ | 31,726,435 | |||||||
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b. | Total receipts (net of transfers between accounts) | $ | 23,030,190 | $ | 52,563,833 | |||||
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c. | Total disbursements (net of transfers between accounts) | $ | 6,435,833 | $ | 14,039,612 | |||||
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d. | Cash balance end of month (a+b-c) | $ | 48,320,792 | |||||||
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e. | Disbursements made by third party for the benefit of the estate | $ | 14,795,473 | $ | 39,929,078 | |||||
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f. | Total disbursements for quarterly fee calculation (c+e) | $ | 21,231,306 | $ | 53,968,691 | |||||
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Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | |||||||||
a. | Accounts receivable (total net of allowance) | $ | 0 | |||||||
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b. | Accounts receivable over 90 days outstanding (net of allowance) | $ | 0 | |||||||
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c. | Inventory (Book Market Other (attach explanation)) | $ | 0 | |||||||
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d. | Total current assets | $ | 65,516,400 | |||||||
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e. | Total assets | $ | 65,603,650 | |||||||
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f. | Postpetition payables (excluding taxes) | $ | 345,630 | |||||||
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g. | Postpetition payables past due (excluding taxes) | $ | 0 | |||||||
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h. | Postpetition taxes payable | $ | 0 | |||||||
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i. | Postpetition taxes past due | $ | 0 | |||||||
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j. | Total postpetition debt (f+h) | $ | 345,630 | |||||||
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k. | Prepetition secured debt | $ | 15,038,392 | |||||||
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l. | Prepetition priority debt | $ | 60,600 | |||||||
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m. | Prepetition unsecured debt | $ | 24,558,723 | |||||||
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n. | Total liabilities (debt) (j+k+l+m) | $ | 40,003,345 | |||||||
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o. | Ending equity/net worth (e-n) | $ | 25,600,305 | |||||||
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Part 3: Assets Sold or Transferred | Current Month | Cumulative | ||||||||
a. | Total cash sales price for assets sold/transferred outside the ordinary course of business | $ | 35,377,704 | $ | 79,677,704 | |||||
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b. | Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business | $ | 13,380,436 | $ | 36,036,417 | |||||
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c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | $ | 21,997,268 | $ | 43,641,287 | |||||
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Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | Cumulative | ||||||||
a. | Gross income/sales (net of returns and allowances) | $ | 28,557 | |||||||
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b. | Cost of goods sold (inclusive of depreciation, if applicable) | $ | 8,932 | |||||||
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c. | Gross profit (a-b) | $ | 19,625 | |||||||
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d. | Selling expenses | $ | 3,222,631 | |||||||
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e. | General and administrative expenses | $ | 849,363 | |||||||
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f. | Other expenses | $ | -33,641,649 | |||||||
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g. | Depreciation and/or amortization (not included in 4b) | $ | 71,956 | |||||||
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h. | Interest | $ | 380,106 | |||||||
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i. | Taxes (local, state, and federal) | $ | 16,667 | |||||||
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j. | Reorganization items | $ | 2,817,807 | |||||||
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k. | Profit (loss) | $ | 26,302,744 | $ | 40,581,908 | |||||
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UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 3 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
Part 5: Professional Fees and Expenses | ||||||||||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||||||||||
a. | Debtor’s professional fees & expenses (bankruptcy) Aggregate Total | $ | 359,290 | $ | 5,355,561 | $ | 359,290 | $ | 5,355,561 | |||||||||||||
Itemized Breakdown by Firm | ||||||||||||||||||||||
Firm Name | Role | |||||||||||||||||||||
i | Alvarez & Marsal | Financial Professional | $ | 334,290 | $ | 1,638,158 | $ | 334,290 | $ | 1,638,158 | ||||||||||||
ii | KCC, LLC | Other | $ | 0 | $ | 391,696 | $ | 0 | $ | 391,696 | ||||||||||||
iii | Sidley Austin LLP | Lead Counsel | $ | 0 | $ | 3,195,677 | $ | 0 | $ | 3,195,677 | ||||||||||||
iv | SSG Advisors, LLC | Other | $ | 25,000 | $ | 130,031 | $ | 25,000 | $ | 130,031 | ||||||||||||
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UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 4 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
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UST Form 11-MOR (12/01/2021) | 4 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 5 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
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UST Form 11-MOR (12/01/2021) | 5 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 6 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
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UST Form 11-MOR (12/01/2021) | 6 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 7 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
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c. | All professional fees and expenses (debtor & committees) | $ 359,290 | $ 5,355,561 | $ 359,290 | $ 5,355,561 |
UST Form 11-MOR (12/01/2021) | 7 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 8 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
Part 6: Postpetition Taxes | Current Month | Cumulative | ||||||||
a. Postpetition income taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||||
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b. Postpetition income taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||||
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c. Postpetition employer payroll taxes accrued | $ | 0 | $ | 0 | ||||||
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d. Postpetition employer payroll taxes paid | $ | 4,335 | $ | 18,014 | ||||||
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e. Postpetition property taxes paid | $ | 0 | $ | 0 | ||||||
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f. Postpetition other taxes accrued (local, state, and federal) | $ | 16,667 | $ | 73,067 | ||||||
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g. Postpetition other taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||||
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Part 7: Questionnaire - During this reporting period: | ||||||||||||||||
a. Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | ||||||||||||||
b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | ||||||||||||||
c. Were any payments made to or on behalf of insiders? | Yes | No | ||||||||||||||
d. Are you current on postpetition tax return filings? | Yes | No | ||||||||||||||
e. Are you current on postpetition estimated tax payments? | Yes | No | ||||||||||||||
f. Were all trust fund taxes remitted on a current basis? | Yes | No | ||||||||||||||
g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | ||||||||||||||
h. Were all payments made to or on behalf of professionals approved by the court? | Yes | No | N/A | |||||||||||||
i. Do you have: Worker’s compensation insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
Casualty/property insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
General liability insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
j. Has a plan of reorganization been filed with the court? | Yes | No | ||||||||||||||
k. Has a disclosure statement been filed with the court? | Yes | No | ||||||||||||||
l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No |
UST Form 11-MOR (12/01/2021) | 8 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 9 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
Part 8: Individual Chapter 11 Debtors (Only) |
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a. Gross income (receipts) from salary and wages | $ | 0 | ||||||
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b. Gross income (receipts) from self-employment | $ | 0 | ||||||
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c. Gross income from all other sources | $ | 0 | ||||||
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d. Total income in the reporting period (a+b+c) | $ | 0 | ||||||
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e. Payroll deductions | $ | 0 | ||||||
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f. Self-employment related expenses | $ | 0 | ||||||
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g. Living expenses | $ | 0 | ||||||
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h. All other expenses | $ | 0 | ||||||
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i. Total expenses in the reporting period (e+f+g+h) | $ | 0 | ||||||
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j. Difference between total income and total expenses (d-i) | $ | 0 | ||||||
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k. List the total amount of all postpetition debts that are past due | $ | 0 | ||||||
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l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes | No | ||||
m. If yes, have you made all Domestic Support Obligation payments? | Yes | No | N/A |
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
Chief Restructuring Officer | 08/30/2024 | |||
Title | Date |
UST Form 11-MOR (12/01/2021) | 9 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 10 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
UST Form 11-MOR (12/01/2021) | 10 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 11 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
UST Form 11-MOR (12/01/2021) | 11 |
Case 24-80040-sgj11 Doc 582 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Main Document Page 12 of 12 | ||
Debtor's Name Eiger BioPharmaceuticals, Inc. | Case No. 24-80040 |
UST Form 11-MOR (12/01/2021) | 12 |
Case 24-80040-sgj11 Doc 582-1 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 1 Page 1 of 1 | ||||
Exhibit - 1 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Statement of Cash Receipts and Disbursements
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Debtor | Case Number | Cash Balance Beg. of Month | Cash Receipts Current Month | Cash Disbursements Current Month | Net Change in Escrow Accounts (1) | Cash Balance EOM | Disbursements by 3rd Party Current Month | Total Disbursements Current Month | ||||||||||||||||||||||
Eiger BioPharmaceuticals, Inc. | 24-80040 | $ | 31,726,435 | $ | 23,030,190 | $ | (3,558,283 | ) | ($2,877,550 | ) | $ | 48,320,792 | $ | (14,795,473 | ) | $ | (18,353,756 | ) | ||||||||||||
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Total Cash Receipts and Cash Disbursements | $ | 31,726,435 | $ | 23,030,190 | $ | (3,558,283 | ) | $ | (2,877,550 | ) | $ | 48,320,792 | $ | (14,795,473 | ) | $ | (18,353,756 | ) | ||||||||||||
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Notes | ||||||||||||||
[1] | Cash Receipts | Cash Disbursements | Notes | |||||||||||
Pro Fee Escrow Acct | $ | 2,172,923 | $ | (2,795,473 | ) | |||||||||
Sale Proceeds Escrow Acct | — | — | ||||||||||||
Sale Escrow Acct | 33,622,704 | (35,877,704 | ) | Avexitide sale proceeds | ||||||||||
|
|
|
| |||||||||||
Total | $ | 35,795,626 | $ | (38,673,176 | ) | |||||||||
Net Change in Escrow Accts | $ | (2,877,550 | ) |
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 582-2 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 2 Page 1 of 1 | ||||
Exhibit - 2 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/31/2024 |
Supplemental Balance Sheet
Eiger BioPharmaceuticals, Inc. | ||||||||
07/31/2024 | Notes | |||||||
ASSETS | ||||||||
Cash and Equivalents | $ | 48,320,804 | ||||||
Accounts Receivable | — | |||||||
Intercompany Receivables | 12,645,756 | |||||||
Inventory | — | |||||||
Other Current Assets | 4,549,839 | |||||||
|
| |||||||
Total Current Assets | $ | 65,516,400 | ||||||
Fixed Asset | 87,142 | |||||||
Other Asset | 108 | |||||||
|
| |||||||
Total Other Assets | $ | 87,250 | ||||||
|
| |||||||
TOTAL ASSETS | $ | 65,603,650 | ||||||
|
| |||||||
LIABILITIES & EQUITY | ||||||||
Liabilities Not Subject to Compromise | ||||||||
Postpetition Payables | 345,630 | |||||||
|
| |||||||
Total Liabilities Not Subject to Compromise | $ | 345,630 | ||||||
Liabilities Subject to Compromise | ||||||||
Accounts Payable | 3,577,240 | |||||||
Intercompany Payables | 11,339,822 | |||||||
Senior Secured Debt | 15,038,392 | |||||||
Other Current Liabilities | 2,019,992 | |||||||
Accrued Liabilities | 4,900,890 | |||||||
Commercial Accruals | 59,763 | |||||||
Clinical Accruals | 957,621 | |||||||
Regulatory Accruals | 969,258 | |||||||
CMC Tech Dev Accruals | 241,018 | |||||||
Accrued Bonus | — | |||||||
Accrued Priority Obligations | 60,600 | |||||||
Accrued Payroll | 493,119 | |||||||
Right of Use - ST Liability | — | |||||||
Right of Use - LT Liability | — | |||||||
|
| |||||||
Total Liabilities Subject to Compromise | $ | 39,657,715 | ||||||
|
| |||||||
Total Liabilities | $ | 40,003,345 | ||||||
Total Equity | 25,600,305 | |||||||
|
| |||||||
TOTAL LIABILITIES & EQUITY | $ | 65,603,650 | ||||||
|
|
UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 582-3 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 3 Page 1 of 1 | ||||
Exhibit - 3 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Supplemental Statement of Operations
Eiger BioPharmaceuticals, Inc. | ||||||||||||
Current Month | Cumulative | |||||||||||
07/01/2024 - 07/31/2024 | 04/01/2024 - 07/31/2024 | Notes | ||||||||||
Income | ||||||||||||
Income | $ | 28,557 | $ | (581,238 | ) | |||||||
|
|
|
| |||||||||
Total Income | $ | 28,557 | $ | (581,238 | ) | |||||||
Operating Expenses | ||||||||||||
Cost of Sales | 8,932 | 8,932 | ||||||||||
Wage related | 233,760 | 1,160,640 | ||||||||||
Travel & Entertainment | 2,115 | 8,200 | ||||||||||
Outside Services (Ex. Restructuring Expenses) | 1,003,332 | 4,463,980 | ||||||||||
Restructuring Expenses | 2,817,807 | 8,922,583 | [2 | ] | ||||||||
Clinical costs | 3,051,712 | 5,898,430 | ||||||||||
CMC Tech Dev | 170,919 | 580,871 | ||||||||||
Regulatory | — | 698 | ||||||||||
Other operating costs | 78,885 | 335,226 | ||||||||||
|
|
|
| |||||||||
Total Operating Expenses | $ | 7,367,462 | $ | 21,477,149 | ||||||||
|
|
|
| |||||||||
Operating Income / (Loss) | $ | (7,338,905 | ) | $ | (22,058,387 | ) | ||||||
|
|
|
| |||||||||
Other (Income) / Expense | ||||||||||||
Other Income | $ | (34,206,244 | ) | $ | (63,545,969 | ) | ||||||
Other Expense | 564,595 | 905,674 | [3 | ] | ||||||||
|
|
|
| |||||||||
Total Other (Income) / Expense | $ | (33,641,649 | ) | $ | (62,640,295 | ) | ||||||
|
|
|
| |||||||||
Net Income / (Loss) before Reorganization Expenses | $ | 26,302,744 | $ | 40,581,908 | ||||||||
Reorganization Items, net | — | — | ||||||||||
|
|
|
| |||||||||
Net Income / (Loss) | $ | 26,302,744 | $ | 40,581,908 | ||||||||
|
|
|
|
Notes
[1] - Reflects accrued expenses. MOR debtor’s professional fees shown as amounts approved to be paid under non-objected fee applications
[2] - Includes both realized and unrealized (gains) / losses
UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 582-4 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 4 Page 1 of 1 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Exhibit - 4 | |||
AR Aging | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Sold From | Invoice Number | Invoice Date | Due Date | Days Aged | Customer | Currency | Amount | 1 - 30 Days (Current) | 31 - 60 Days | 61 - 90 Days | Total | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||||||||
Total (USD) | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
Notes
All foreign currencies are translated to USD as of month end
Negative due to currency variances between AR balances initially recognized and fx rate when balance is received
Case 24-80040-sgj11 Doc 582-5 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 5 Page 1 of 2 | ||||
Exhibit - 5 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Post-Petition Payables
Vendor | Company Name | Invoice | Amount | Due Date | Current | 0 - 30 Days | 31 - 60 Days | Total Open Balance | ||||||||||||||||||||
V0423 | Accenture LLP | 1100983914 | $ | 6,000.00 | 04/06/24 | $ | — | $ | — | $ | 6,000 | $ | 6,000 | |||||||||||||||
V0423 | Accenture LLP | 1101010039 | $ | 1,172.00 | 08/08/24 | $ | 1,172 | $ | — | $ | — | $ | 1,172 | |||||||||||||||
V1487 | Alcami Corporation | 10917-2 | $ | 6,000.00 | 06/27/24 | $ | — | $ | — | $ | 6,000 | $ | 6,000 | |||||||||||||||
V1487 | Alcami Corporation | 82232 | $ | 19,662.50 | 07/30/24 | $ | — | $ | 19,663 | $ | — | $ | 19,663 | |||||||||||||||
V1006 | Axis Clinicals LLC | EIG 1618 STRG 1 CR | $ | (675.00 | ) | 08/11/24 | $ | (675 | ) | $ | — | $ | — | $ | (675 | ) | ||||||||||||
V1006 | Axis Clinicals LLC | EIG 1618 STRG 1 | $ | 675.00 | 06/14/24 | $ | — | $ | — | $ | 675 | $ | 675 | |||||||||||||||
V1198 | Biorasi LLC | 7237 | $ | 47,345.15 | 05/11/24 | $ | — | $ | — | $ | 47,345 | $ | 47,345 | |||||||||||||||
V1132 | Charles River Laboratories Den Bosch BV | 47043020-CR | $ | (19,428.50 | ) | 08/11/24 | $ | (19,429 | ) | $ | — | $ | — | $ | (19,429 | ) | ||||||||||||
V1132 | Charles River Laboratories Den Bosch BV | 47043020 | $ | 19,428.50 | 06/15/24 | $ | — | $ | — | $ | 19,429 | $ | 19,429 | |||||||||||||||
V1012 | Clinigen Inc. | 230018972 | $ | 12,426.13 | 06/29/24 | $ | — | $ | — | $ | 12,426 | $ | 12,426 | |||||||||||||||
V1012 | Clinigen Inc. | 230018832 | $ | 27,465.67 | 06/22/24 | $ | — | $ | — | $ | 27,466 | $ | 27,466 | |||||||||||||||
V1012 | Clinigen Inc. | 230018831 | $ | 13,120.85 | 06/22/24 | $ | — | $ | — | $ | 13,121 | $ | 13,121 | |||||||||||||||
V1012 | Clinigen Inc. | 230018972 CR | $ | (12,426.13 | ) | 08/11/24 | $ | (12,426 | ) | $ | — | $ | — | $ | (12,426 | ) | ||||||||||||
V1012 | Clinigen Inc. | 230018834 CR | $ | (13,120.85 | ) | 08/11/24 | $ | (13,121 | ) | $ | — | $ | — | $ | (13,121 | ) | ||||||||||||
V1012 | Clinigen Inc. | 230018832 CR | $ | (27,465.67 | ) | 08/11/24 | $ | (27,466 | ) | $ | — | $ | — | $ | (27,466 | ) | ||||||||||||
V1488 | COLLEEN M. CRAIG CONSULTING, LLC | 1 | $ | 1,650.00 | 06/30/24 | $ | — | $ | 1,650 | $ | — | $ | 1,650 | |||||||||||||||
V1157 | Digital Media Innovations LLC | 1000000198474 | $ | 1,146.50 | 08/15/24 | $ | 1,147 | $ | — | $ | — | $ | 1,147 | |||||||||||||||
V1157 | Digital Media Innovations LLC | 1000000198474 | $ | 4,970.25 | 08/15/24 | $ | 4,970 | $ | — | $ | — | $ | 4,970 | |||||||||||||||
V1128 | Diligent Corporation | INV438539 | $ | 42,646.01 | 06/06/24 | $ | — | $ | — | $ | 42,646 | $ | 42,646 | |||||||||||||||
V1453 | Excellis Europe Ltd. | 1784 | $ | 26,251.92 | 05/30/24 | $ | — | $ | — | $ | 26,252 | $ | 26,252 | |||||||||||||||
V0132 | Federal Express Corporation | 8-564-01093 | $ | 43.07 | 08/03/24 | $ | 43 | $ | — | $ | — | $ | 43 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 5347601 | $ | 1,200.00 | 08/08/24 | $ | 1,200 | $ | — | $ | — | $ | 1,200 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 5348388 | $ | 950.00 | 08/14/24 | $ | 950 | $ | — | $ | — | $ | 950 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 5346438 | $ | 134.00 | 07/26/24 | $ | — | $ | 134 | $ | — | $ | 134 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 10200892 | $ | 2,524.83 | 07/18/24 | $ | — | $ | 2,525 | $ | — | $ | 2,525 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 10201613 | $ | 600.00 | 07/18/24 | $ | — | $ | 600 | $ | — | $ | 600 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 848891 | $ | 380.00 | 07/11/24 | $ | — | $ | 380 | $ | — | $ | 380 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 5341239 | $ | 1,315.36 | 06/28/24 | $ | — | $ | — | $ | 1,315 | $ | 1,315 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 5343139 | $ | 12,385.62 | 07/12/24 | $ | — | $ | 12,386 | $ | — | $ | 12,386 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851849 | $ | 711.00 | 08/15/24 | $ | 711 | $ | — | $ | — | $ | 711 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851858 | $ | 111.74 | 08/15/24 | $ | 112 | $ | — | $ | — | $ | 112 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851850 | $ | 15.00 | 08/15/24 | $ | 15 | $ | — | $ | — | $ | 15 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851854 | $ | 36.00 | 08/15/24 | $ | 36 | $ | — | $ | — | $ | 36 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851852 | $ | 380.00 | 08/15/24 | $ | 380 | $ | — | $ | — | $ | 380 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851851 | $ | 376.00 | 08/15/24 | $ | 376 | $ | — | $ | — | $ | 376 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851857 | $ | 111.74 | 08/15/24 | $ | 112 | $ | — | $ | — | $ | 112 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851855 | $ | 1,750.32 | 08/15/24 | $ | 1,750 | $ | — | $ | — | $ | 1,750 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851853 | $ | 2,038.00 | 08/15/24 | $ | 2,038 | $ | — | $ | — | $ | 2,038 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851856 | $ | 867.78 | 08/15/24 | $ | 868 | $ | — | $ | — | $ | 868 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851859 | $ | 69.44 | 08/15/24 | $ | 69 | $ | — | $ | — | $ | 69 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851861 | $ | 415.42 | 08/15/24 | $ | 415 | $ | — | $ | — | $ | 415 | |||||||||||||||
V0439 | Fisher Clinical Services, Inc. | 851860 | $ | 586.60 | 08/15/24 | $ | 587 | $ | — | $ | — | $ | 587 | |||||||||||||||
V0321 | Frontage Laboratories | 20243699 | $ | 13,365.00 | 07/24/24 | $ | — | $ | 13,365 | $ | — | $ | 13,365 | |||||||||||||||
V1242 | Integrichain, Inc. | NS-5367 | $ | 10,500.00 | 05/01/24 | $ | — | $ | — | $ | 10,500 | $ | 10,500 | |||||||||||||||
V1242 | Integrichain, Inc. | NS-5367 | $ | 10,630.00 | 05/01/24 | $ | — | $ | — | $ | 10,630 | $ | 10,630 | |||||||||||||||
V1242 | Integrichain, Inc. | NS-5367 | $ | 22,721.50 | 05/01/24 | $ | — | $ | — | $ | 22,722 | $ | 22,722 | |||||||||||||||
V1335 | Intsel Chimos | FA00097148 CR | $ | (17,142.00 | ) | 08/11/24 | $ | (17,142 | ) | $ | — | $ | — | $ | (17,142 | ) | ||||||||||||
V1335 | Intsel Chimos | FA00097148 | $ | 17,142.00 | 07/13/24 | $ | — | $ | 17,142 | $ | — | $ | 17,142 | |||||||||||||||
V0572 | Jump Start Technology Inc | JST-22009 | $ | 7,428.00 | 08/03/24 | $ | 7,428 | $ | — | $ | — | $ | 7,428 | |||||||||||||||
V0572 | Jump Start Technology Inc | JST-22039 | $ | 450.00 | 08/05/24 | $ | 450 | $ | — | $ | — | $ | 450 |
Case 24-80040-sgj11 Doc 582-5 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 5 Page 2 of 2 | ||||
Exhibit -5 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Post-Petition Payables
Vendor | Company Name | Invoice | Amount | Due Date | Current | 0 - 30 Days | 31 - 60 Days | Total Open Balance | ||||||||||||||||||||||
V1208 | Justin Stindt Consulting | EIGER-2024-13 | $ | 4,067.96 | 06/30/24 | $ | — | $ | 4,068 | $ | — | $ | 4,068 | |||||||||||||||||
V0959 | KryoCal, LLC dba Kyrosphere | 202407-709 | $ | 6,562.50 | 08/02/24 | $ | 6,563 | $ | — | $ | — | $ | 6,563 | |||||||||||||||||
V1489 | MonicaG Clin Ops LLC | 1 | $ | 5,362.50 | 06/30/24 | $ | — | $ | 5,363 | $ | — | $ | 5,363 | |||||||||||||||||
V0641 | Patheon Inc | 90165660 | $ | (15,047.00 | ) | 06/30/24 | $ | — | $ | (15,047 | ) | $ | — | $ | (15,047 | ) | ||||||||||||||
V0641 | Patheon Inc | 90165660 | $ | (15,244.00 | ) | 06/30/24 | $ | — | $ | (15,244 | ) | $ | — | $ | (15,244 | ) | ||||||||||||||
V0641 | Patheon Inc | 90165661 | $ | (15,317.00 | ) | 06/30/24 | $ | — | $ | (15,317 | ) | $ | — | $ | (15,317 | ) | ||||||||||||||
V0641 | Patheon Inc | 90166066 | $ | 4,142.60 | 07/12/24 | $ | — | $ | 4,143 | $ | — | $ | 4,143 | |||||||||||||||||
V0641 | Patheon Inc | 90166065 | $ | 4,142.60 | 07/12/24 | $ | — | $ | 4,143 | $ | — | $ | 4,143 | |||||||||||||||||
V0641 | Patheon Inc | 90166067 | $ | 7,416.00 | 07/12/24 | $ | — | $ | 7,416 | $ | — | $ | 7,416 | |||||||||||||||||
V0641 | Patheon Inc | 90166068 | $ | 7,416.00 | 07/12/24 | $ | — | $ | 7,416 | $ | — | $ | 7,416 | |||||||||||||||||
V0641 | Patheon Inc | 90166312 | $ | 784.10 | 07/20/24 | $ | — | $ | 784 | $ | — | $ | 784 | |||||||||||||||||
V0641 | Patheon Inc | 90165645 | $ | 15,047.00 | 06/29/24 | $ | — | $ | — | $ | 15,047 | $ | 15,047 | |||||||||||||||||
V0641 | Patheon Inc | 90165645 | $ | 15,244.00 | 06/29/24 | $ | — | $ | — | $ | 15,244 | $ | 15,244 | |||||||||||||||||
V0069 | Patheon UK Limited | 1800024627 | $ | 2,741.54 | 07/28/24 | $ | — | $ | 2,742 | $ | — | $ | 2,742 | |||||||||||||||||
V0069 | Patheon UK Limited | 1800024628 | $ | 3,251.58 | 07/28/24 | $ | — | $ | 3,252 | $ | — | $ | 3,252 | |||||||||||||||||
V1490 | Precision Trials Solutions | EG-01 | $ | 3,237.50 | 07/24/24 | $ | — | $ | 3,238 | $ | — | $ | 3,238 | |||||||||||||||||
V1188 | Resources Connection LLC | AS06194863 | $ | 2,566.60 | 08/03/24 | $ | 2,567 | $ | — | $ | — | $ | 2,567 | |||||||||||||||||
V1188 | Resources Connection LLC | AS06195311 | $ | 2,327.60 | 08/17/24 | $ | 2,328 | $ | — | $ | — | $ | 2,328 | |||||||||||||||||
V1381 | RSM US LLP | CI-10436083 | $ | 1,750.00 | 05/31/24 | $ | — | $ | — | $ | 1,750 | $ | 1,750 | |||||||||||||||||
V1238 | RxCrossroads 3 PL LLC | 336011583 | $ | 11,731.81 | 07/21/24 | $ | — | $ | 11,732 | $ | — | $ | 11,732 | |||||||||||||||||
V1207 | Sciensus International | SINV-0031020 | $ | 1,084.79 | 07/30/24 | $ | — | $ | 1,085 | $ | — | $ | 1,085 | |||||||||||||||||
V1207 | Sciensus International | SINV-0027728 | $ | 1,084.79 | 05/30/24 | $ | — | $ | — | $ | 1,085 | $ | 1,085 | |||||||||||||||||
V1207 | Sciensus International | SINV-0031021 | $ | 8,266.10 | 07/30/24 | $ | — | $ | 8,266 | $ | — | $ | 8,266 | |||||||||||||||||
V0244 | TRG Communications LLC | EICON-062024 | $ | 33,075.00 | 07/28/24 | $ | — | $ | 33,075 | $ | — | $ | 33,075 | |||||||||||||||||
V1135 | Trialog Clinical Trials Ltd | EI248004953 | $ | 300.00 | 07/30/24 | $ | — | $ | 300 | $ | — | $ | 300 | |||||||||||||||||
V1135 | Trialog Clinical Trials Ltd | EI248004954 | $ | 695.00 | 07/30/24 | $ | — | $ | 695 | $ | — | $ | 695 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||
Total | $ | 345,630.32 | $ | (53,972.59 | ) | $ | 119,951.03 | $ | 279,651.88 | $ | 345,630.32 |
Case 24-80040-sgj11 Doc 582-6 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 6 Page 1 of 1 | ||||
Exhibit - 6 | ||||
In re: Eiger BioPharmaceuticals, Inc. | Case No.: | 24-80040 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Payments to Insiders
| ||||||||||||||||||||
Insider Name | Salary | Expense Reimbursement | Other Payments | Notes | Total | |||||||||||||||
| $ | 54,166.66 | $ | 1,329.17 | $ | 55,495.83 | ||||||||||||||
| 32,066.66 | 186.43 | $ | 32,253.09 | ||||||||||||||||
| 35,416.66 | — | $ | 35,416.66 | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||
Total | $ | 121,649.98 | $ | 1,515.60 | $ | 123,165.58 | ||||||||||||||
|
|
|
|
Case 24-80040-sgj11 Doc 582-7 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 7 Page 1 of 3 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 9, 2024
EIGER BIOPHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-36183 | 33-0971591 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Eiger BioPharmaceuticals, Inc.
2155 Park Blvd.
Palo Alto, California 94306
(Address of principal executive offices, including zip code)
(650) 272-6138
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, par value $0.001 | EIGRQ* | N/A* |
* | On April 11, 2024, our common stock was suspended from trading on The Nasdaq Stock Market LLC and began trading under the symbol “EIGRQ” on the OTC Pink Marketplace maintained by the OTC Markets Group, Inc. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Case 24-80040-sgj11 Doc 582-7 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 7 Page 2 of 3 |
Item 2.01. | Completion of Acquisition or Disposition of Assets. |
As previously disclosed, on April 1, 2024, Eiger BioPharmaceuticals, Inc. (the “Company”) and its direct subsidiaries filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”) under the caption In re Eiger BioPharmaceuticals, Inc., et al, Case No. 24-80040 (the “Chapter 11 Cases”).
On June 17, 2024, following the completion of the auction held as part of the Company’s court-supervised sale process under Section 363 of the Bankruptcy Code for the sale of the Company’s Avexitide asset, Amylyx Pharmaceuticals, Inc. (“Amylyx”) was selected as the winning bidder. On June 21, 2024, the Company and Amylyx entered into an Asset Purchase Agreement, pursuant to which Amylyx agreed to acquire substantially all of the Company’s rights, title and interests in, to and under those assets and interests used by the Company in the development, manufacture and commercialization of Avexitide for $35.1 million, plus the aggregate amount of determined cure costs and assumed liabilities. At a hearing held on June 26, 2024, the Bankruptcy Court approved the sale of the Company’s Avexitide asset to Amylyx.
The sale of the Company’s Avexitide asset closed on July 9, 2024. Under the terms of the sale, Amylyx acquired the Company’s Avexitide asset and will be responsible for its development, manufacture and commercialization.
Cautionary Statements Regarding Trading in the Company’s Securities
The Company’s securityholders are cautioned that trading in the Company’s securities during the pendency of the Chapter 11 Cases is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the Chapter 11 Cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities. In particular, the Company expects that its securityholders could experience a significant or complete loss on their investment, depending on the outcome of the Chapter 11 Cases.
Case 24-80040-sgj11 Doc 582-7 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 7 Page 3 of 3 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Eiger BioPharmaceuticals, Inc. | ||||||
Dated: July 10, 2024 | ||||||
By: | /s/ David Apelian | |||||
David Apelian | ||||||
Chief Executive Officer |
Case 24-80040-sgj11 Doc 582-8 Exhibit Filed 8 08/30/24 Page 1 of Entered 2 08/30/24 15:16:15 Desc As of 08/01/2024- Bank Name BOA—Bank of America Account Name Eiger Professional Fees Escrow Account Account Number Currency USD Case Code: EIGPF Case Manager Eiger BioPharmaceuticals Professional Fees Escrow Account EIN: ACCOUNT SUMMARY From: Monday, July 01, 2024—To: Wednesday, July 31, 2024 TOTAL ACTIVITY This Period Year to Date Opening Available Balance $2,984,131.50 $0.00 Deposits to Account $2,163,964.83 $8,954,720.83 Withdrawals from Account ($2,795,472.73) ($6,602,097.23) interest to Account $8 957 .77 $8;957 77 Closing Available Balance $2,361,581.37 $2,361,581.37
Case 24-80040-sgj11 Doc 582-8 Exhibit Filed 08/30/24 8 Entered 2 of 2 08/30/24 15:16:15 Desc verita As of 08/01/2024 Page 2 of 2 Bank Name BOA—Bank of America Account Name Eiger Professional Fees Escrow Account Account Number Currency USD Case Code: EIGPF Case Manager Eiger BioPharmaceuticals Professional Fees Escrow Account EIN: TRANSA CTION STA TEMENT From: Monday, July 01, 2024—To: Wednesday, July 31, 2024 DATE DESCRIPTION DEBT CREDIT BALANCE OPENING AVAILABLE BALANCE $2,984,131.50 07/08/2024 Wire Out #208 to Sidley Austin LLP $830,091.68 2,154,039.82 07/08/2024 Wire In from EIGER BIOPHARMACEUTICALS INC. $280,569.00 2,434,608.82 07/09/2024 Wire Out #214 to SSG Advisors, LLC $1,080,435.83 1,354,172.99 07/10/2024 Wire Out #217 to Alvarez & Marsal North America $460,977.73 893,195.26 LLC 07/11/2024 Wire In from Internal Transfer $1,080,435.83 1,973,631.09 07/16/2024 Interest Credit #14 to May interest $4,306.30 1,977,937.39 07/16/2024 Interest Credit #15 to June interest $4,651.47 1,982,588.86 07/19/2024 Wire In from EIGER BIOPHARMACEUTICALS INC. $802,960.00 2,785,548.86 07/25/2024 Wire Out #267 to Alvarez & Marsal North America $294,605.25 2,490,943.61 LLC 07/31/2024 Wire Out #269 to KCC Parent LLC $129,362.24 2,361,581.37 CLOSING AVAILABLE BALANCE $2,361,581.37
Case 24-80040-sgj11 Doc 582-9 Exhibit Filed 08/30/24 9 Entered 1 of 2 08/30/24 15:16:15 Desc erita As of 08/01/2024 Page 1 of 2 Bank Name BOA—Bank of America Account Name Eiger BioPharmaceuticals Sale Escrow Account Account Number Currency USD Case Code: EIGSA Case Manager Eiger BioPharmaceuticals Sale Escrow Account EIN: ACCOUNT SUMMARY From: Monday, July 01, 2024—To: Wednesday, July 31, 2024 TOTAL ACTIVITY This Period Year to Date Opening Available Balance $2,255,001.00 $0.00 Deposits to Account $33,622,703.63 $38,743,954.63 Withdrawals from Account ($35,877,703.63) ($38,743,953.63) Interest to Account $0.00 $0.00 Closing Available Balance $1.00 $1.00
Case 24-80040-sgj11 Doc 582-9 Exhibit Filed 08/30/24 9 Page Entered 2 of 2 08/30/24 15:16:15 Desc verita As of 08/01/2024 Page 2 of 2 Bank Name BOA—Bank of America Account Name Eiger BioPharmaceuticals Sale Escrow Account Account Number Currency USD Case Code: EIGSA Case Manager Eiger BioPharmaceuticals Sale Escrow Account EIN: TRANSACTION STA TEMENT From: Monday, July 01, 2024—To: Wednesday, July 31, 2024 DATE DESCRIPTION DEBT CREDIT BALANCE OPENING AVAILABLE BALANCE $2,255,001.00 07/08/2024 Wire Out #210 to SPRUCE BIOSCIENCES INC. $500,000.00 1,755,001.00 07/09/2024 Wire In from AMYLYX PHARMACEUTICALS INC $33,622,703.63 35,377,704.63 07/09/2024 Wire Out #216 to SPRUCE BIOSCIENCES INC. $300,000.00 35,077,704.63 07/10/2024 Wire Out #218 to EIGER BIOPHARMACEUTICALS $21,997,267.80 13,080,436.83 INC. 07/11/2024 Wire Out #225 to Innovatus Life Sciences Onshore $12,000,000.00 1,080,436.83 SPV, LLC 07/11/2024 Wire Out #228 to Internal Transfer $1,080,435.83 1.00 CLOSING AVAILABLE BALANCE $1.00
Case 24-80040-sgj11 Doc 582-10 Exhibit Filed 08/30/24 10 Entered 1 of 2 08/30/24 15:16:15 Desc verita As of 08/01/2024 Page 1 of 2 Bank Name BOA—Bank of America Account Name Checking Account Number Currency USD Case Code: EIGSP Case Manager Eiger BioPharmaceuticals Sale Proceeds Escrow Account EIN: ACCOUNT SUMMARY From: Monday, July 01, 2024—To: Wednesday, July 31, 2024 TOTAL ACTIVITY This Period Year to Date $21,644,018.89 $0.00 Opening Available Balance $0.00 $37,973,018.89 Deposits to Account $0.00 ($16,329,000.00) Withdrawals from Account $0.00 $0.00 Interest to Account $21,644,018.89 $21,644,018.89 Closing Available Balance
Case 24-80040-sgj11 Doc 582-10 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 10 Page 2 of 2 As of 08/01/2024 verita Page 2 of 2 No Detail Transactions Exist for the Selected Date Range
led 08/30/24 Entered 08/30/24 15:16:15 Desc 11 Page 1 of 8 Case 24-80040-sgj11ill Doc 582-E1x1hibFiti July 2024 Bank A Division of First Citizens Bank Reporting Activity 07/01—07/31 Page 1 of 6 3003 Tasman Drive, Santa Clara, CA 95054 ADDRESS SERVICE REQUESTED Managing Your Accounts (408) 654-4636 >021456 3523456 0001 092196 1OZ EIGER BIOPHARMACEUTICALS, INC. Toll-Free: (800) 774-7390 DEBTOR IN POSSESSION clientsupport@svb.com 2155 PARK AVENUE Email: PALO ALTO CA 94306 Online: www.svb.com Summary of Accounts Account Type Account Number Ending Balance Analysis Checking $24,315,190.47 Total Balance $24,315,190.47 Analysis Checking—Account Summary Date Description 07/01/2024 Beginning Balance $4,843,283.27 07/31/2024 Ending Balance $24,315,190.47 Total debits this period $3,558,282.94 Total credits this period $23,030,190.14 Service Charge $0.00 Account Activity Transaction Date Description Debits Credits Balance 07/01/2024 Beginning Balance $4,843,283.27 07/01/2024 -$277.87 $0.00 $4,843,005.40 Eiger Biopharmaceutica
led 08/30/24 Entered 08/30/24 15:16:15 Desc 07/01/2024 BAMBORA 11 Page 2 of 8- $93.20 $0.00 $4,842,912.20 July 2024 0001/0003 Eiger BioPharmaceutica 07/01/2024 Eiger Bio Inc. SVB-179 -$9,625.00 $0.00 $4,833,287.20 087393 ACH OFFSET 043697 07/02/2024 WIRE OUT -$42,500.00 $0.00 $4,790,787.20 ;BNF FBO CHARLES S 3523456 CHWAB AND CO INC;OBI Q2 2024 B 21456 07/03/2024 Eiger BioPharmac BB Coupa P $0.00 $42,500.00 $4,833,287.20 Eiger Biopharmaceutica
Case 24-80040-sgj11 Doc 582-11 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc Exhibit 11 Page 3 CHECKS of OUTSTANDING 8 CHECKBOOK RECONCILIATION DATE AMOUNT DATE AMOUNT DATE AMOUNT OR # OR # OR # ENTER BALANCE THIS $ STATEMENT ADD RECENT DEPOSITS (NOT CREDITED ON THIS STATEMENT) $ SUBTOTAL $ SUBTRACT TOTAL ITEMS OUTSTANDING $ BALANCE should agree with your checkbook balance after deducting charges and adding credits not shown in your checkbook but included on this statement as follows: BALANCE $ Interest-ADD Overdraft-DEDUCT Automatic Payment-DEDUCT Automatic Advance-ADD Service Charge-DEDUCT PLEASE REPORT ANY ERRORS OR OMISSIONS PROMPTLY TO US. ERRORS OR OMISSIONS THAT ARE REPORTED WITHIN THE FIRST 30 DAYS FROM THE DATE OF THE LAST STATEMENT CYCLE ARE USUALLY RESOLVED MUCH MORE QUICKLY THAN DATED REQUESTS. As a fraud prevention measure, you need to review your statements and report unauthorized use or errors to us, as explained in more detail below. If your checkbook and statement do not balance have you: Accounted for Verified additions and sub- Compared canceled Compared deposit amounts on bank charges? tractions in your checkbook? checks to check stub? statement to your checkbook? Any charges for imprinted checks include state sales tax computed at the current rate, when applicable. You can call (800) 774-7390 to request an item or substitute check, or a legible copy. We will without charge provide at least two items (or substitute checks or legible copies) upon request, with respect to each statement. IN CASE OF ERRORS OR QUESTIONS CONCERNING YOUR ELECTRONIC TRANSFERS (For Consumer Clients) Telephone Silicon Valley Bank at (800) 774-7390 or write us at: Silicon Valley Bank, Attn: Client Services, 3003 Tasman Drive, Santa Clara, CA 95054, as soon as you can, if you think your statement or your receipt is wrong or if you need more information about a transfer on the statement or receipt. We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared. • Tell us your name and account number (if any). • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe this is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will investigate your complaint and will correct any error promptly. If we take more than 10 business days to do this, we will credit your account for the amount you think is in error, so that you will have the use of the money during the time it takes us to complete our investigation. For questions about preauthorized transfers, please contact us at (800) 774-7390. IN CASE OF UNAUTHORIZED USE OF YOUR CHECKS OR ACCOUNTS You agree to review your statement and to report unauthorized use (checks or other charges that are forged, altered or other unauthorized use) or error immediately. Your deposit agreement sets specific times within which you must report unauthorized use or errors to us. In summary (and subject to special rules that may apply to consumers), if you fail to report unauthorized use or errors to us within 30 days after your statement is available, you may be liable for subsequent unauthorized use by the same wrongdoer. If you fail to report within 60 days, you may also be precluded from asserting the unauthorized use or other error against us. Your statement is deemed “available” when made available in paper or electronic form. Your deposit agreement or Related Agreements may set shorter reporting requirements, such as for ACH services. FAIR CREDIT REPORTING ACT We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report. Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. Member FDIC.
Case 24-80040-sgj11 Doc 582-11 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc I sgj ocExhibit 1e1 Page 3 of 8nere::esc Bank Exhibit 11 Page 36 of 8uly 2024 A Division of First Citizens Bank ———-“ —————————————————————————————————————— * Reporting Activity 07/01—07/31 Page 3 of 6 Analysis Checking—(continued) Account Activity (continued) Transaction Date Description Debits Credits Balance 07/03/2024 Transfermate Inc TMATE -$2,827.50 $0.00 $4,830,459.70 Eiger BioPharmaceutica 07/03/2024 Transfermate Inc TMATE -$9,384.56 $0.00 $4,821,075.14 Eiger BioPharmaceutica 07/03/2024 Transfermate Inc TMATE -$12,819.36 $0.00 $4,808,255.78 Eiger BioPharmaceutica 07/03/2024 Transfermate Inc TMATE -$240,174.81 $0.00 $4,568,080.97 Eiger BioPharmaceutica 07/08/2024 -$168,945.38 $0.00 $4,399,135.59 RATE: ^ PAYMENT OF INVOIC 07/08/2024 BAMBORA -$4,296.54 $0.00 $4,394,839.05 Eiger BioPharmaceutica 07/08/2024 WIRE OUT -$100,000.00 $0.00 $4,294,839.05 ;BNF STANFORD UNIV ERSITY—OTL;OBI ASSIGNMENT OF 0002/0003 07/08/2024 WIRE OUT -$280,569.00 $0.00 $4,014,270.05 087395 ;BNF KCC AAF RESTR UCTURING CLIENTS;OBI FUNDING F 043698 07/08/2024 WIRE OUT -$325,566.83 $0.00 $3,688,703.22 ;BNF KRAMER LEVIN NAFTALIS FRANKEL LLP;OBI INVOI 3523456 07/09/2024 WIRE OUT -$232.00 $0.00 $3,688,471.22 21456 ^^H ;BNF MARILYN TAN, MD;OBI INVOICE 8 07/09/2024 WIRE OUT -$2,921.78 $0.00 $3,685,549.44 ;BNF FISHER CLINIC AL SERVICES, INC.;OBI INVOICES 07/09/2024 WIRE OUT -$2,981.00 $0.00 $3,682,568.44 ;BNF DR TRACEY L M CLAUGHLIN
Case 24-80040-sgj11 Doc 582-11 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc I sgj oc Exhibit 11 Page 4 of 8 Bank Exhibit 11 Page 10 of 8uly 2024 A Division of First Citizens Bank —————— “ 1 Reporting Activity 07/01—07/31 Page 4 of 6 Analysis Checking—(continued) Account Activity (continued) Transaction Date Description Debits Credits Balance 07/09/2024 WIRE OUT -$3,515.00 $0.00 $3,679,053.44 ;BNF PHARMALYTICAL CONSULTING 07/09/2024 WIRE OUT -$3,975.00 $0.00 $3,675,078.44 ;BNF INTRINSIC COR P;OBI INVOICES _______________________________________________________________ 07/09/2024 WIRE OUT^^^^M -$7,848.75 $0.00 $3,667,229.69 ^^H;BNF PHARMAPACE IN C.;OBI INVOICE ___________________________________________________________ 07/09/2024 WIRE OUT^^^^M -$12,750.00 $0.00 $3,654,479.69 ^^H;BNF DINESH SRINIV ASAN;OBI INVOICE 07/09/2024 WIRE OUT -$25,200.00 $0.00 $3,629,279.69 ^^H ;BNF BACHEM AMERIC AS, INC.;OBI INVOICE ____________________________________________________ 07/09/2024 WIRE OUT -$25,600.00 $0.00 $3,603,679.69 ^^H;BNF EUROFINS;OBI INVOICE____________________________________________________________________ 07/09/2024 WIRE OUT -$25,662.50 $0.00 $3,578,017.19 ^^H;BNF ALCAMI CORPOR ATION;OBI INVOICE 07/09/2024 WIRE OUT -$83,081.41 $0.00 $3,494,935.78 ^^H;BNF INTEGRATED ME DICAL DEVELOPMENT LLC;OBI INVO 07/09/2024 WIRE OUT -$126,342.41 $0.00 $3,368,593.37 ;BNF PATHEON MANUF ACTURING SERVICES LLC 07/10/2024 WIRE IN $0.00 $21,997,267.80 $25,365,861.17 ^^H ;ORG COMPUTERSHARE INC;OBI AVEXITIDE NET PROCEED 07/10/2024 WIRE OUT^^^^M -$128,176.53 $0.00 $25,237,684.64 ;BNF TRINET HR III , INC;REF _______________________________________________________________________ 07/15/2024 Transfermate Inc TMATE -$13,439.88 $0.00 $25,224,244.76 Eiger BioPharmaceutica
1 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc xhibit 11 Page 5 of 8 July 2024 A Division of First Citizens Bank Reporting Activity 07/01—07/31 Page 5 of 6 Analysis Checking—(continued) Account Activity (continued) Transaction Date Description Debits Credits Balance 07/15/2024 WIRE OUT -$1,400.00 $0.00 $25,222,844.76 ;BNF DIGITAL MEDIA INNOVATIONS, LLC;OBI INVOICE 07/15/2024 WIRE OUT -$7,420.50 $0.00 $25,215,424.26 ;BNF JUMP START TE CHNOLOGY, INC.;OBI INVOICE JST 07/15/2024 WIRE OUT -$665,538.88 $0.00 $24,549,885.38 ;BNF INTEGRICHAIN, INC.;OBI MEDICAID REBATE FUND 07/19/2024 WIRE OUT -$802,960.00 $0.00 $23,746,925.38 ;BNF KCC AAF RESTR UCTURING CLIENTS;OBI FBO EIGER 07/22/2024 Eiger Bio Inc. -$37,100.00 $0.00 $23,709,825.38 ACH OFFSET 07/23/2024 Transfermate Inc TMATE -$4,500.00 $0.00 $23,705,325.38 Eiger BioPharmaceutica 07/23/2024 Transfermate Inc TMATE -$28,638.00 $0.00 $23,676,687.38 Eiger BioPharmaceutica 07/23/2024 Transfermate Inc TMATE -$82,406.22 $0.00 $23,594,281.16 Eiger BioPharmaceutica 07/24/2024 WIRE IN $0.00 $924,350.00 $24,518,631.16 ;ORG RRD INTERNATI ONAL LLC;OBI ADVANCE PAYMENTS 07/26/2024 WIRE OUT -$110,949.39 $0.00 $24,407,681.77 ;BNF TRINET HR III 0003/0003 , INC;REF 087397 07/29/2024 BAMBORA^M -$2,003.64 $0.00 $24,405,678.13 043699 Eiger BioPharmaceutica 3523456 07/31/2024 WIRE IN $0.00 $66,072.34 $24,471,750.47 ;ORG SENTYNL THERA PEUTICS INC OPERATING;OBI PAYM
1 Filed 08/30/24 Entered 08/30/24 15:16:15 Desc xhibit 11 Page 6 of 8 July 2024 A Division of First Citizens Bank Reporting Activity 07/01—07/31 Page 6 of 6 Analysis Checking (continued) Account Activity (continued) Transaction Date Description Debits Credits Balance 07/31/2024 Transfermate Inc TMATE -$3,237.50 $0.00 $24,468,512.97 Eiger BioPharmaceutica 07/31/2024 Transfermate Inc TMATE -$5,362.50 $0.00 $24,463,150.47 Eiger BioPharmaceutica 07/31/2024 WIRE OUT -$147,960.00 $0.00 $24,315,190.47 ^^H;BNF SENTYNL THERA PEUTICS, INC.;OBI EIGER BIOPHA 07/31/2024 Ending Balance $24,315,190.47
Case 24-80040-sgj11ill Doc 582-led 08/30/24 Entered 08/30/24 15:16:15 Desc E1x1hibFiti11 Page 7 of 8 July 2024 Bank Reporting Activity 07/01—07/31 Page 1 of 2 3003 Tasman Drive, Santa Clara, CA 95054 ADDRESS SERVICE REQUESTED Managing Your Accounts >070942 3523456 0001 092196 1OZ (408) 654-4636 EIGER BIOPHARMACEUTICALS, INC. Toll-Free: (800) 774-7390 DEBTOR IN POSSESSION 2155 PARK AVENUE Email: clientsupport@svb.com PALO ALTO CA 94306 Online: www.svb.com Summary of Accounts Account Type Account Number Ending Balance Analysis Checking $0.00 Total Balance $0.00 Analysis Checking—Account Summary Date Description 07/01/2024 Beginning Balance $0.00 07/31/2024 Ending Balance $0.00 Total debits this period $0.00 Total credits this period $0.00 Service Charge $0.00 Account Activity Transaction Date Description Debits Credits Balance 07/01/2024 Beginning Balance $0.00 No activity this statement period 07/31/2024 Ending Balance $0.00 0001/0001 277065 138533 3523456 70942
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 1 of 12 |
UNITED STATES BANKRUPTCY COURT
Northern DISTRICT OF Texas
Dallas
In Re. EBPI Merger Inc. | § | Case No. 24-80041 | ||
§ | ||||
§ | Lead Case No. 24-80040 | |||
Debtor(s) | § | |||
☒ Jointly Administered |
Monthly Operating Report | Chapter 11 |
Reporting Period Ended: 07/31/2024 | Petition Date: 04/01/2024 | |||||||||||||
Months Pending: 4 | Industry Classification: | 3 | 2 | 5 | 4 |
Reporting Method: | Accrual Basis | Cash Basis | ||||
Debtor’s Full-Time Employees (current): | 6 | |||||
Debtor’s Full-Time Employees (as of date of order for relief): | 9 |
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☐ | Statement of cash receipts and disbursements |
☐ | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit |
☐ | Statement of operations (profit or loss statement) |
☐ | Accounts receivable aging |
☐ | Postpetition liabilities aging |
☐ | Statement of capital assets |
☐ | Schedule of payments to professionals |
☐ | Schedule of payments to insiders |
☐ | All bank statements and bank reconciliations for the reporting period |
☐ | Description of the assets sold or transferred and the terms of the sale or transfer |
/s/ Doug Staut | Doug Staut | |||||
Signature of Responsible Party | Printed Name of Responsible Party | |||||
08/30/2024 | ||||||
Date | 2100 Ross Avenue, 21st Floor, Dallas, Texas 75201 | |||||
Address |
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 2 of 12
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Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | ||||||||
a. | Cash balance beginning of month | $ | 0 | |||||||
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b. | Total receipts (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
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c. | Total disbursements (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
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d. | Cash balance end of month (a+b-c) | $ | 0 | |||||||
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e. | Disbursements made by third party for the benefit of the estate | $ | 0 | $ | 0 | |||||
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f. | Total disbursements for quarterly fee calculation (c+e) | $ | 0 | $ | 0 | |||||
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Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | |||||||||
a. | Accounts receivable (total net of allowance) | $ | 0 | |||||||
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b. | Accounts receivable over 90 days outstanding (net of allowance) | $ | 0 | |||||||
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c. | Inventory (Book Market Other (attach explanation)) | $ | 0 | |||||||
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d. | Total current assets | $ | 0 | |||||||
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e. | Total assets | $ | 0 | |||||||
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f. | Postpetition payables (excluding taxes) | $ | 0 | |||||||
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g. | Postpetition payables past due (excluding taxes) | $ | 0 | |||||||
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h. | Postpetition taxes payable | $ | 0 | |||||||
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i. | Postpetition taxes past due | $ | 0 | |||||||
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j. | Total postpetition debt (f+h) | $ | 0 | |||||||
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k. | Prepetition secured debt | $ | 0 | |||||||
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l. | Prepetition priority debt | $ | 0 | |||||||
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m. | Prepetition unsecured debt | $ | 0 | |||||||
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n. | Total liabilities (debt) (j+k+l+m) | $ | 0 | |||||||
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o. | Ending equity/net worth (e-n) | $ | 0 | |||||||
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Part 3: Assets Sold or Transferred | Current Month | Cumulative | ||||||||
a. | Total cash sales price for assets sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
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b. | Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
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c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | $ | 0 | $ | 0 | |||||
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Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | Cumulative | ||||||||
a. | Gross income/sales (net of returns and allowances) | $ | 0 | |||||||
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b. | Cost of goods sold (inclusive of depreciation, if applicable) | $ | 0 | |||||||
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c. | Gross profit (a-b) | $ | 0 | |||||||
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d. | Selling expenses | $ | 0 | |||||||
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e. | General and administrative expenses | $ | 0 | |||||||
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f. | Other expenses | $ | 0 | |||||||
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g. | Depreciation and/or amortization (not included in 4b) | $ | 0 | |||||||
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h. | Interest | $ | 0 | |||||||
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i. | Taxes (local, state, and federal) | $ | 0 | |||||||
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j. | Reorganization items | $ | 0 | |||||||
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k. | Profit (loss) | $ | 0 | $ | 0 | |||||
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UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 3 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
Part 5: Professional Fees and Expenses | ||||||||||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||||||||||
a. | Debtor’s professional fees & expenses (bankruptcy) Aggregate Total | |||||||||||||||||||||
Itemized Breakdown by Firm | ||||||||||||||||||||||
Firm Name | Role | |||||||||||||||||||||
i | ||||||||||||||||||||||
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UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 4 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
xxxvii | ||||||||||||||
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lxxviii |
UST Form 11-MOR (12/01/2021) | 4 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 5 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
lxxix | ||||||||||||||
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Approved | Approved | Paid Current | Paid | |||||||||||
b. | Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total | |||||||||||||
Itemized Breakdown by Firm | ||||||||||||||
Firm Name | Role | |||||||||||||
i | ||||||||||||||
ii | ||||||||||||||
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xiv |
UST Form 11-MOR (12/01/2021) | 5 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 6 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
xv | ||||||||||||||
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lvi |
UST Form 11-MOR (12/01/2021) | 6 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 7 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
lvii | ||||||||||||||
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lix | ||||||||||||||
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lxi | ||||||||||||||
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c | ||||||||||||||
c. | All professional fees and expenses (debtor & committees) | $ 0 | $ 0 | $ 0 | $ 0 |
UST Form 11-MOR (12/01/2021) | 7 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 8 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
Part 6: Postpetition Taxes | Current Month | Cumulative | ||||||||
a. Postpetition income taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
b. Postpetition income taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
c. Postpetition employer payroll taxes accrued | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
d. Postpetition employer payroll taxes paid | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
e. Postpetition property taxes paid | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
f. Postpetition other taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||||
|
|
|
| |||||||
g. Postpetition other taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||||
|
|
|
|
Part 7: Questionnaire - During this reporting period: | ||||||||||||||||
a. Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | ||||||||||||||
b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | ||||||||||||||
c. Were any payments made to or on behalf of insiders? | Yes | No | ||||||||||||||
d. Are you current on postpetition tax return filings? | Yes | No | ||||||||||||||
e. Are you current on postpetition estimated tax payments? | Yes | No | ||||||||||||||
f. Were all trust fund taxes remitted on a current basis? | Yes | No | ||||||||||||||
g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | ||||||||||||||
h. Were all payments made to or on behalf of professionals approved by the court? | Yes | No | N/A | |||||||||||||
i. Do you have: Worker’s compensation insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
Casualty/property insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
General liability insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
j. Has a plan of reorganization been filed with the court? | Yes | No | ||||||||||||||
k. Has a disclosure statement been filed with the court? | Yes | No | ||||||||||||||
l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No |
UST Form 11-MOR (12/01/2021) | 8 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 9 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
Part 8: Individual Chapter 11 Debtors (Only) |
|
| ||||||
a. Gross income (receipts) from salary and wages | $ | 0 | ||||||
|
| |||||||
b. Gross income (receipts) from self-employment | $ | 0 | ||||||
|
| |||||||
c. Gross income from all other sources | $ | 0 | ||||||
|
| |||||||
d. Total income in the reporting period (a+b+c) | $ | 0 | ||||||
|
| |||||||
e. Payroll deductions | $ | 0 | ||||||
|
| |||||||
f. Self-employment related expenses | $ | 0 | ||||||
|
| |||||||
g. Living expenses | $ | 0 | ||||||
|
| |||||||
h. All other expenses | $ | 0 | ||||||
|
| |||||||
i. Total expenses in the reporting period (e+f+g+h) | $ | 0 | ||||||
|
| |||||||
j. Difference between total income and total expenses (d-i) | $ | 0 | ||||||
|
| |||||||
k. List the total amount of all postpetition debts that are past due | $ | 0 | ||||||
|
|
l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes | No | ||||
m. If yes, have you made all Domestic Support Obligation payments? | Yes | No | N/A |
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
Chief Restructuring Officer | 08/30/2024 | |||
Title | Date |
UST Form 11-MOR (12/01/2021) | 9 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 10 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
UST Form 11-MOR (12/01/2021) | 10 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 11 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
UST Form 11-MOR (12/01/2021) | 11 |
Case 24-80040-sgj11 Doc 583 Filed 08/30/24 Entered 08/30/24 15:17:26 Desc Main Document Page 12 of 12 | ||
Debtor's Name EBPI Merger Inc. | Case No. 24-80041 |
UST Form 11-MOR (12/01/2021) | 12 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 1 of 12 | ||
. |
UNITED STATES BANKRUPTCY COURT
Northern DISTRICT OF Texas
Dallas
In Re. EB Pharma LLC | § | Case No. 24-80042 | ||
§ | ||||
§ | Lead Case No. 24-80040 | |||
Debtor(s) | § | |||
☒ Jointly Administered |
Monthly Operating Report | Chapter 11 |
Reporting Period Ended: 07/31/2024 | Petition Date: 04/01/2024 | |||||||||||||
Months Pending: 4 | Industry Classification: | 3 | 2 | 5 | 4 |
Reporting Method: | Accrual Basis | Cash Basis | ||||
Debtor’s Full-Time Employees (current): | 6 | |||||
Debtor’s Full-Time Employees (as of date of order for relief): | 9 |
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☐ | Statement of cash receipts and disbursements |
☐ | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit |
☐ | Statement of operations (profit or loss statement) |
☐ | Accounts receivable aging |
☐ | Postpetition liabilities aging |
☐ | Statement of capital assets |
☐ | Schedule of payments to professionals |
☐ | Schedule of payments to insiders |
☐ | All bank statements and bank reconciliations for the reporting period |
☐ | Description of the assets sold or transferred and the terms of the sale or transfer |
/s/ Doug Staut | Doug Staut | |||||
Signature of Responsible Party | Printed Name of Responsible Party | |||||
08/30/2024 | ||||||
Date | 2100 Ross Avenue, 21st Floor, Dallas, Texas 75201 | |||||
Address |
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 2 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | ||||||||
a. | Cash balance beginning of month | $ | 0 | |||||||
|
| |||||||||
b. | Total receipts (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
c. | Total disbursements (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
d. | Cash balance end of month (a+b-c) | $ | 0 | |||||||
|
| |||||||||
e. | Disbursements made by third party for the benefit of the estate | $ | 0 | $ | 800 | |||||
|
|
|
| |||||||
f. | Total disbursements for quarterly fee calculation (c+e) | $ | 0 | $ | 800 | |||||
|
|
|
| |||||||
Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | |||||||||
a. | Accounts receivable (total net of allowance) | $ | 0 | |||||||
|
| |||||||||
b. | Accounts receivable over 90 days outstanding (net of allowance) | $ | 0 | |||||||
|
| |||||||||
c. | Inventory (Book Market Other (attach explanation)) | $ | 0 | |||||||
|
| |||||||||
d. | Total current assets | $ | 0 | |||||||
|
| |||||||||
e. | Total assets | $ | 0 | |||||||
|
| |||||||||
f. | Postpetition payables (excluding taxes) | $ | 0 | |||||||
|
| |||||||||
g. | Postpetition payables past due (excluding taxes) | $ | 0 | |||||||
|
| |||||||||
h. | Postpetition taxes payable | $ | 0 | |||||||
|
| |||||||||
i. | Postpetition taxes past due | $ | 0 | |||||||
|
| |||||||||
j. | Total postpetition debt (f+h) | $ | 0 | |||||||
|
| |||||||||
k. | Prepetition secured debt | $ | 0 | |||||||
|
| |||||||||
l. | Prepetition priority debt | $ | 0 | |||||||
|
| |||||||||
m. | Prepetition unsecured debt | $ | 0 | |||||||
|
| |||||||||
n. | Total liabilities (debt) (j+k+l+m) | $ | 0 | |||||||
|
| |||||||||
o. | Ending equity/net worth (e-n) | $ | 0 | |||||||
|
| |||||||||
Part 3: Assets Sold or Transferred | Current Month | Cumulative | ||||||||
a. | Total cash sales price for assets sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
b. | Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | Cumulative | ||||||||
a. | Gross income/sales (net of returns and allowances) | $ | 0 | |||||||
|
| |||||||||
b. | Cost of goods sold (inclusive of depreciation, if applicable) | $ | 0 | |||||||
|
| |||||||||
c. | Gross profit (a-b) | $ | 0 | |||||||
|
| |||||||||
d. | Selling expenses | $ | 0 | |||||||
|
| |||||||||
e. | General and administrative expenses | $ | 0 | |||||||
|
| |||||||||
f. | Other expenses | $ | 0 | |||||||
|
| |||||||||
g. | Depreciation and/or amortization (not included in 4b) | $ | 0 | |||||||
|
| |||||||||
h. | Interest | $ | 0 | |||||||
|
| |||||||||
i. | Taxes (local, state, and federal) | $ | 0 | |||||||
|
| |||||||||
j. | Reorganization items | $ | 0 | |||||||
|
| |||||||||
k. | Profit (loss) | $ | 0 | $ | 0 | |||||
|
|
|
|
UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 3 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
Part 5: Professional Fees and Expenses | ||||||||||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||||||||||
a. | Debtor’s professional fees & expenses (bankruptcy) Aggregate Total | |||||||||||||||||||||
Itemized Breakdown by Firm | ||||||||||||||||||||||
Firm Name | Role | |||||||||||||||||||||
i | ||||||||||||||||||||||
ii | ||||||||||||||||||||||
iii | ||||||||||||||||||||||
iv | ||||||||||||||||||||||
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xxxvi |
UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 4 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
xxxvii | ||||||||||||||
xxxviii | ||||||||||||||
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lxxvi | ||||||||||||||
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lxxviii |
UST Form 11-MOR (12/01/2021) | 4 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 5 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
lxxix | ||||||||||||||
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Approved | Approved | Paid Current | Paid | |||||||||||
b. | Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total | |||||||||||||
Itemized Breakdown by Firm | ||||||||||||||
Firm Name | Role | |||||||||||||
i | ||||||||||||||
ii | ||||||||||||||
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xiv |
UST Form 11-MOR (12/01/2021) | 5 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 6 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
xv | ||||||||||||||
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lvi |
UST Form 11-MOR (12/01/2021) | 6 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 7 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
lvii | ||||||||||||||
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xcviii |
UST Form 11-MOR (12/01/2021) | 7 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 8 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
xcix | ||||||||||||||
c | ||||||||||||||
c. | All professional fees and expenses (debtor & committees) | $0 | $0 | $0 | $0 |
Part 6: Postpetition Taxes | Current Month | Cumulative | ||||||
a. Postpetition income taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
b. Postpetition income taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
c. Postpetition employer payroll taxes accrued | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
d. Postpetition employer payroll taxes paid | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
e. Postpetition property taxes paid | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
f. Postpetition other taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
g. Postpetition other taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
|
Part 7: Questionnaire - During this reporting period: | ||||||||||||||||
a. Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | ||||||||||||||
b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | ||||||||||||||
c. Were any payments made to or on behalf of insiders? | Yes | No | ||||||||||||||
d. Are you current on postpetition tax return filings? | Yes | No | ||||||||||||||
e. Are you current on postpetition estimated tax payments? | Yes | No | ||||||||||||||
f. Were all trust fund taxes remitted on a current basis? | Yes | No | ||||||||||||||
g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | ||||||||||||||
h. Were all payments made to or on behalf of professionals approved by the court? | Yes | No | N/A | |||||||||||||
i. Do you have: Worker’s compensation insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
Casualty/property insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
General liability insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
j. Has a plan of reorganization been filed with the court? | Yes | No | ||||||||||||||
k. Has a disclosure statement been filed with the court? | Yes | No | ||||||||||||||
l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No |
UST Form 11-MOR (12/01/2021) | 8 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 9 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
Part 8: Individual Chapter 11 Debtors (Only) | ||||||||
a. Gross income (receipts) from salary and wages | $ | 0 | ||||||
|
| |||||||
b. Gross income (receipts) from self-employment | $ | 0 | ||||||
|
| |||||||
c. Gross income from all other sources | $ | 0 | ||||||
|
| |||||||
d. Total income in the reporting period (a+b+c) | $ | 0 | ||||||
|
| |||||||
e. Payroll deductions | $ | 0 | ||||||
|
| |||||||
f. Self-employment related expenses | $ | 0 | ||||||
|
| |||||||
g. Living expenses | $ | 0 | ||||||
|
| |||||||
h. All other expenses | $ | 0 | ||||||
|
| |||||||
i. Total expenses in the reporting period (e+f+g+h) | $ | 0 | ||||||
|
| |||||||
j. Difference between total income and total expenses (d-i) | $ | 0 | ||||||
|
| |||||||
k. List the total amount of all postpetition debts that are past due | $ | 0 | ||||||
|
|
l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes No | |||||
m. If yes, have you made all Domestic Support Obligation payments? | Yes No N/A |
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C.
§§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
Chief Restructuring Officer | 08/30/2024 | |||
Title | Date |
UST Form 11-MOR (12/01/2021) | 9 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 10 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
UST Form 11-MOR (12/01/2021) | 10 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 11 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
UST Form 11-MOR (12/01/2021) | 11 |
Case 24-80040-sgj11 Doc 584 Filed 08/30/24 Entered 08/30/24 15:18:34 Desc Main Document Page 12 of 12 | ||
Debtor’s Name EB Pharma LLC | Case No. 24-80042 |
UST Form 11-MOR (12/01/2021) | 12 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 1 of 12 | ||
UNITED STATES BANKRUPTCY COURT
Northern DISTRICT OF Texas
Dallas
In Re. Eiger BioPharmaceuticals Europe Limited | § | Case No. 24-80043 | ||
§ | ||||
§ | Lead Case No. 24-80040 | |||
Debtor(s) | § | |||
☒ Jointly Administered |
Monthly Operating Report | Chapter 11 |
Reporting Period Ended: 07/31/2024 | Petition Date: 04/01/2024 |
Months Pending: 4 | Industry Classification: | 3 | 2 | 5 | 4 |
Reporting Method: | Accrual Basis | Cash Basis | ||||
Debtor’s Full-Time Employees (current): | 6 | |||||
Debtor’s Full-Time Employees (as of date of order for relief): | 9 |
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☐ | Statement of cash receipts and disbursements |
☐ | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit |
☐ | Statement of operations (profit or loss statement) |
☐ | Accounts receivable aging |
☐ | Postpetition liabilities aging |
☐ | Statement of capital assets |
☐ | Schedule of payments to professionals |
☐ | Schedule of payments to insiders |
☐ | All bank statements and bank reconciliations for the reporting period |
☐ | Description of the assets sold or transferred and the terms of the sale or transfer |
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
08/30/2024 | ||||
Date | 2100 Ross Avenue, 21st Floor, Dallas, Texas 75201 | |||
Address |
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 2 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | ||||||||
a. | Cash balance beginning of month | $ | 0 | |||||||
|
| |||||||||
b. | Total receipts (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
c. | Total disbursements (net of transfers between accounts) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
d. | Cash balance end of month (a+b-c) | $ | 0 | |||||||
|
| |||||||||
e. | Disbursements made by third party for the benefit of the estate | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
f. | Total disbursements for quarterly fee calculation (c+e) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | |||||||||
a. | Accounts receivable (total net of allowance) | $ | 0 | |||||||
|
| |||||||||
b. | Accounts receivable over 90 days outstanding (net of allowance) | $ | 0 | |||||||
|
| |||||||||
c. | Inventory (Book Market Other (attach explanation)) | $ | 0 | |||||||
|
| |||||||||
d. | Total current assets | $ | 0 | |||||||
|
| |||||||||
e. | Total assets | $ | 0 | |||||||
|
| |||||||||
f. | Postpetition payables (excluding taxes) | $ | 0 | |||||||
|
| |||||||||
g. | Postpetition payables past due (excluding taxes) | $ | 0 | |||||||
|
| |||||||||
h. | Postpetition taxes payable | $ | 0 | |||||||
|
| |||||||||
i. | Postpetition taxes past due | $ | 0 | |||||||
|
| |||||||||
j. | Total postpetition debt (f+h) | $ | 0 | |||||||
|
| |||||||||
k. | Prepetition secured debt | $ | 0 | |||||||
|
| |||||||||
l. | Prepetition priority debt | $ | 0 | |||||||
|
| |||||||||
m. | Prepetition unsecured debt | $ | 0 | |||||||
|
| |||||||||
n. | Total liabilities (debt) (j+k+l+m) | $ | 0 | |||||||
|
| |||||||||
o. | Ending equity/net worth (e-n) | $ | 0 | |||||||
|
| |||||||||
Part 3: Assets Sold or Transferred | Current Month | Cumulative | ||||||||
a. | Total cash sales price for assets sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
b. | Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | Cumulative | ||||||||
a. | Gross income/sales (net of returns and allowances) | $ | 0 | |||||||
|
| |||||||||
b. | Cost of goods sold (inclusive of depreciation, if applicable) | $ | 0 | |||||||
|
| |||||||||
c. | Gross profit (a-b) | $ | 0 | |||||||
|
| |||||||||
d. | Selling expenses | $ | 0 | |||||||
|
| |||||||||
e. | General and administrative expenses | $ | 0 | |||||||
|
| |||||||||
f. | Other expenses | $ | 0 | |||||||
|
| |||||||||
g. | Depreciation and/or amortization (not included in 4b) | $ | 0 | |||||||
|
| |||||||||
h. | Interest | $ | 0 | |||||||
|
| |||||||||
i. | Taxes (local, state, and federal) | $ | 0 | |||||||
|
| |||||||||
j. | Reorganization items | $ | 0 | |||||||
|
| |||||||||
k. | Profit (loss) | $ | 0 | $ | 0 | |||||
|
|
|
|
UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 3 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
Part 5: Professional Fees and Expenses | ||||||||||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||||||||||
a. | Debtor’s professional fees & expenses (bankruptcy) Aggregate Total | |||||||||||||||||||||
Itemized Breakdown by Firm | ||||||||||||||||||||||
Firm Name | Role | |||||||||||||||||||||
i | ||||||||||||||||||||||
ii | ||||||||||||||||||||||
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UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 4 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
xxxvii | ||||||||||||||
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lxxviii |
UST Form 11-MOR (12/01/2021) | 4 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 5 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
lxxix | ||||||||||||||
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c | ||||||||||||||
ci | ||||||||||||||
Approved | Approved | Paid Current | Paid | |||||||||||
b. | Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total | |||||||||||||
Itemized Breakdown by Firm | ||||||||||||||
Firm Name | Role | |||||||||||||
i | ||||||||||||||
ii | ||||||||||||||
iii | ||||||||||||||
iv | ||||||||||||||
v | ||||||||||||||
vi | ||||||||||||||
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viii | ||||||||||||||
ix | ||||||||||||||
x | ||||||||||||||
xi | ||||||||||||||
xii | ||||||||||||||
xiii | ||||||||||||||
xiv |
UST Form 11-MOR (12/01/2021) | 5 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 6 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
xv | ||||||||||||||
xvi | ||||||||||||||
xvii | ||||||||||||||
xviii | ||||||||||||||
xix | ||||||||||||||
xx | ||||||||||||||
xxi | ||||||||||||||
xxii | ||||||||||||||
xxiii | ||||||||||||||
xxiv | ||||||||||||||
xxv | ||||||||||||||
xxvi | ||||||||||||||
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xxviii | ||||||||||||||
xxix | ||||||||||||||
xxx | ||||||||||||||
xxxi | ||||||||||||||
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xxxix | ||||||||||||||
xl | ||||||||||||||
xli | ||||||||||||||
xlii | ||||||||||||||
xliii | ||||||||||||||
xliv | ||||||||||||||
xlv | ||||||||||||||
xlvi | ||||||||||||||
xlvii | ||||||||||||||
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xlix | ||||||||||||||
l | ||||||||||||||
li | ||||||||||||||
lii | ||||||||||||||
liii | ||||||||||||||
liv | ||||||||||||||
lv | ||||||||||||||
lvi |
UST Form 11-MOR (12/01/2021) | 6 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 7 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
lvii | ||||||||||||||
lviii | ||||||||||||||
lix | ||||||||||||||
lx | ||||||||||||||
lxi | ||||||||||||||
lxii | ||||||||||||||
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lxxix | ||||||||||||||
lxxx | ||||||||||||||
lxxxi | ||||||||||||||
lxxxii | ||||||||||||||
lxxxiii | ||||||||||||||
lxxxiv | ||||||||||||||
lxxxv | ||||||||||||||
lxxxvi | ||||||||||||||
lxxxvii | ||||||||||||||
lxxxviii | ||||||||||||||
lxxxix | ||||||||||||||
xc | ||||||||||||||
xci | ||||||||||||||
xcii | ||||||||||||||
xciii | ||||||||||||||
xciv | ||||||||||||||
xcv | ||||||||||||||
xcvi | ||||||||||||||
xcvii | ||||||||||||||
xcviii |
UST Form 11-MOR (12/01/2021) | 7 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 8 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
xcix | ||||||||||||||
c | ||||||||||||||
c. | All professional fees and expenses (debtor & committees) | $0 | $0 | $0 | $0 |
Part 6: Postpetition Taxes | Current Month | Cumulative | ||||||
a. Postpetition income taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
b. Postpetition income taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
c. Postpetition employer payroll taxes accrued | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
d. Postpetition employer payroll taxes paid | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
e. Postpetition property taxes paid | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
f. Postpetition other taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
| |||||
g. Postpetition other taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
|
|
|
|
Part 7: Questionnaire - During this reporting period: | ||||||||||||||||
a. Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | ||||||||||||||
b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | ||||||||||||||
c. Were any payments made to or on behalf of insiders? | Yes | No | ||||||||||||||
d. Are you current on postpetition tax return filings? | Yes | No | ||||||||||||||
e. Are you current on postpetition estimated tax payments? | Yes | No | ||||||||||||||
f. Were all trust fund taxes remitted on a current basis? | Yes | No | ||||||||||||||
g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | ||||||||||||||
h. Were all payments made to or on behalf of professionals approved by the court? | Yes | No | N/A | |||||||||||||
i. Do you have: Worker’s compensation insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
Casualty/property insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
General liability insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions) | ||||||||||||
j. Has a plan of reorganization been filed with the court? | Yes | No | ||||||||||||||
k. Has a disclosure statement been filed with the court? | Yes | No | ||||||||||||||
l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No |
UST Form 11-MOR (12/01/2021) | 8 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 9 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
Part 8: Individual Chapter 11 Debtors (Only) | ||||||||
a. Gross income (receipts) from salary and wages | $ | 0 | ||||||
|
| |||||||
b. Gross income (receipts) from self-employment | $ | 0 | ||||||
|
| |||||||
c. Gross income from all other sources | $ | 0 | ||||||
|
| |||||||
d. Total income in the reporting period (a+b+c) | $ | 0 | ||||||
|
| |||||||
e. Payroll deductions | $ | 0 | ||||||
|
| |||||||
f. Self-employment related expenses | $ | 0 | ||||||
|
| |||||||
g. Living expenses | $ | 0 | ||||||
|
| |||||||
h. All other expenses | $ | 0 | ||||||
|
| |||||||
i. Total expenses in the reporting period (e+f+g+h) | $ | 0 | ||||||
|
| |||||||
j. Difference between total income and total expenses (d-i) | $ | 0 | ||||||
|
| |||||||
k. List the total amount of all postpetition debts that are past due | $ | 0 | ||||||
|
|
l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes No | |||
m. If yes, have you made all Domestic Support Obligation payments? | Yes No N/A |
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
Chief Restructuring Officer | 08/30/2024 | |||
Title | Date |
UST Form 11-MOR (12/01/2021) | 9 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 10 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
UST Form 11-MOR (12/01/2021) | 10 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 11 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
UST Form 11-MOR (12/01/2021) | 11 |
Case 24-80040-sgj11 Doc 585 Filed 08/30/24 Entered 08/30/24 15:19:57 Desc Main Document Page 12 of 12 | ||
Debtor’s Name Eiger BioPharmaceuticals Europe Limited | Case No. 24-80043 |
UST Form 11-MOR (12/01/2021) | 12 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 1 of 12 | ||
UNITED STATES BANKRUPTCY COURT
Northern DISTRICT OF Texas
Dallas
In Re. EigerBio Europe Limited | § | Case No. 24-80044 | ||
§ | ||||
§ | Lead Case No. 24-80040 | |||
Debtor(s) | § | |||
☒ Jointly Administered |
Monthly Operating Report | Chapter 11 |
Reporting Period Ended: 07/31/2024 | Petition Date: 04/01/2024 | |||||||||||||
Months Pending: 4 | Industry Classification: | 3 | 2 | 5 | 4 |
Reporting Method: | Accrual Basis | Cash Basis | ||||
Debtor’s Full-Time Employees (current): | 6 | |||||
Debtor’s Full-Time Employees (as of date of order for relief): | 9 |
Supporting Documentation (check all that are attached):
(For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor)
☒ | Statement of cash receipts and disbursements |
☒ | Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit |
☒ | Statement of operations (profit or loss statement) |
☒ | Accounts receivable aging |
☒ | Postpetition liabilities aging |
☐ | Statement of capital assets |
☐ | Schedule of payments to professionals |
☐ | Schedule of payments to insiders |
☒ | All bank statements and bank reconciliations for the reporting period |
☐ | Description of the assets sold or transferred and the terms of the sale or transfer |
/s/ Doug Staut | Doug Staut | |||||
Signature of Responsible Party | Printed Name of Responsible Party | |||||
08/30/2024 | ||||||
Date | 2100 Ross Avenue, 21st Floor, Dallas, Texas 75201 | |||||
Address |
STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.
UST Form 11-MOR (12/01/2021) | 1 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 2 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
Part 1: Cash Receipts and Disbursements | Current Month | Cumulative | ||||||||
a. | Cash balance beginning of month | $ | 34,350 | |||||||
|
| |||||||||
b. | Total receipts (net of transfers between accounts) | $ | 4,564 | $ | 6,649 | |||||
|
|
|
| |||||||
c. | Total disbursements (net of transfers between accounts) | $ | 11,550 | $ | 102,290 | |||||
|
|
|
| |||||||
d. | Cash balance end of month (a+b-c) | $ | 27,364 | |||||||
|
| |||||||||
e. | Disbursements made by third party for the benefit of the estate | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
f. | Total disbursements for quarterly fee calculation (c+e) | $ | 11,550 | $ | 102,290 | |||||
|
|
|
| |||||||
Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | |||||||||
a. | Accounts receivable (total net of allowance) | $ | 1,737,265 | |||||||
|
| |||||||||
b. | Accounts receivable over 90 days outstanding (net of allowance) | $ | 0 | |||||||
|
| |||||||||
c. | Inventory (Book Market Other (attach explanation)) | $ | 0 | |||||||
|
| |||||||||
d. | Total current assets | $ | 13,118,593 | |||||||
|
| |||||||||
e. | Total assets | $ | 13,118,593 | |||||||
|
| |||||||||
f. | Postpetition payables (excluding taxes) | $ | 18,067 | |||||||
|
| |||||||||
g. | Postpetition payables past due (excluding taxes) | $ | 0 | |||||||
|
| |||||||||
h. | Postpetition taxes payable | $ | 0 | |||||||
|
| |||||||||
i. | Postpetition taxes past due | $ | 0 | |||||||
|
| |||||||||
j. | Total postpetition debt (f+h) | $ | 18,067 | |||||||
|
| |||||||||
k. | Prepetition secured debt | $ | 0 | |||||||
|
| |||||||||
l. | Prepetition priority debt | $ | 0 | |||||||
|
| |||||||||
m. | Prepetition unsecured debt | $ | 13,230,920 | |||||||
|
| |||||||||
n. | Total liabilities (debt) (j+k+l+m) | $ | 13,248,988 | |||||||
|
| |||||||||
o. | Ending equity/net worth (e-n) | $ | -130,395 | |||||||
|
| |||||||||
Part 3: Assets Sold or Transferred | Current Month | Cumulative | ||||||||
a. | Total cash sales price for assets sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
b. | Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
c. | Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) | $ | 0 | $ | 0 | |||||
|
|
|
| |||||||
Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) | Current Month | Cumulative | ||||||||
a. | Gross income/sales (net of returns and allowances) | $ | 519,384 | |||||||
|
| |||||||||
b. | Cost of goods sold (inclusive of depreciation, if applicable) | $ | 0 | |||||||
|
| |||||||||
c. | Gross profit (a-b) | $ | 519,384 | |||||||
|
| |||||||||
d. | Selling expenses | $ | 0 | |||||||
|
| |||||||||
e. | General and administrative expenses | $ | -5,254 | |||||||
|
| |||||||||
f. | Other expenses | $ | -131,957 | |||||||
|
| |||||||||
g. | Depreciation and/or amortization (not included in 4b) | $ | 0 | |||||||
|
| |||||||||
h. | Interest | $ | 0 | |||||||
|
| |||||||||
i. | Taxes (local, state, and federal) | $ | 0 | |||||||
|
| |||||||||
j. | Reorganization items | $ | 0 | |||||||
|
| |||||||||
k. | Profit (loss) | $ | 656,596 | $ | 1,960,098 | |||||
|
|
|
|
UST Form 11-MOR (12/01/2021) | 2 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 3 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
Part 5: Professional Fees and Expenses | ||||||||||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||||||||||
a. | Debtor’s professional fees & expenses (bankruptcy) Aggregate Total | |||||||||||||||||||||
Itemized Breakdown by Firm | ||||||||||||||||||||||
Firm Name | Role | |||||||||||||||||||||
i | ||||||||||||||||||||||
ii | ||||||||||||||||||||||
iii | ||||||||||||||||||||||
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xxxv | ||||||||||||||||||||||
xxxvi |
UST Form 11-MOR (12/01/2021) | 3 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 4 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
xxxvii | ||||||||||||||
xxxviii | ||||||||||||||
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lxxviii |
UST Form 11-MOR (12/01/2021) | 4 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 5 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
lxxix | ||||||||||||||
lxxx | ||||||||||||||
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ci | ||||||||||||||
Approved Current Month | Approved Cumulative | Paid Current Month | Paid Cumulative | |||||||||||
b. | Debtor’s professional fees & expenses (nonbankruptcy) Aggregate Total | |||||||||||||
Itemized Breakdown by Firm | ||||||||||||||
Firm Name | Role | |||||||||||||
i | ||||||||||||||
ii | ||||||||||||||
iii | ||||||||||||||
iv | ||||||||||||||
v | ||||||||||||||
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x | ||||||||||||||
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xiii | ||||||||||||||
xiv |
UST Form 11-MOR (12/01/2021) | 5 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 6 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
xv | ||||||||||||||
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lvi |
UST Form 11-MOR (12/01/2021) | 6 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 7 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
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UST Form 11-MOR (12/01/2021) | 7 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 8 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
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c. | All professional fees and expenses (debtor & committees) | $0 | $0 | $0 | $0 |
Part 6: Postpetition Taxes | Current Month | Cumulative | ||||||
a. Postpetition income taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
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b. Postpetition income taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
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c. Postpetition employer payroll taxes accrued | $ | 0 | $ | 0 | ||||
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d. Postpetition employer payroll taxes paid | $ | 0 | $ | 0 | ||||
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e. Postpetition property taxes paid | $ | 0 | $ | 0 | ||||
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f. Postpetition other taxes accrued (local, state, and federal) | $ | 0 | $ | 0 | ||||
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g. Postpetition other taxes paid (local, state, and federal) | $ | 0 | $ | 0 | ||||
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Part 7: Questionnaire - During this reporting period: | ||||||||||||||||
a. Were any payments made on prepetition debt? (if yes, see Instructions) | Yes | No | ||||||||||||||
b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) | Yes | No | ||||||||||||||
c. Were any payments made to or on behalf of insiders? | Yes | No | ||||||||||||||
d. Are you current on postpetition tax return filings? | Yes | No | ||||||||||||||
e. Are you current on postpetition estimated tax payments? | Yes | No | ||||||||||||||
f. Were all trust fund taxes remitted on a current basis? | Yes | No | ||||||||||||||
g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) | Yes | No | ||||||||||||||
h. Were all payments made to or on behalf of professionals approved by the court? | Yes | No | N/A | |||||||||||||
i. Do you have: Worker’s compensation insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
Casualty/property insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
General liability insurance? | Yes | No | ||||||||||||||
If yes, are your premiums current? | Yes | No | N/A | (if no, see Instructions | ) | |||||||||||
j. Has a plan of reorganization been filed with the court? | Yes | No | ||||||||||||||
k. Has a disclosure statement been filed with the court? | Yes | No | ||||||||||||||
l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? | Yes | No |
UST Form 11-MOR (12/01/2021) | 8 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 9 of 12 | ||
Debtor’s Name EigerBio Europe Limited | Case No. 24-80044 |
Part 8: Individual Chapter 11 Debtors (Only) | ||||||||
a. Gross income (receipts) from salary and wages | $ | 0 | ||||||
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b. Gross income (receipts) from self-employment | $ | 0 | ||||||
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c. Gross income from all other sources | $ | 0 | ||||||
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d. Total income in the reporting period (a+b+c) | $ | 0 | ||||||
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e. Payroll deductions | $ | 0 | ||||||
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f. Self-employment related expenses | $ | 0 | ||||||
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g. Living expenses | $ | 0 | ||||||
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h. All other expenses | $ | 0 | ||||||
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i. Total expenses in the reporting period (e+f+g+h) | $ | 0 | ||||||
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j. Difference between total income and total expenses (d-i) | $ | 0 | ||||||
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k. List the total amount of all postpetition debts that are past due | $ | 0 | ||||||
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l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? | Yes No | |||||
m. If yes, have you made all Domestic Support Obligation payments? | Yes No N/A |
Privacy Act Statement
28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor’s progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee’s or examiner’s duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee’s systems of records notice, UST-001, “Bankruptcy Case Files and Associated Records.” See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F).
I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate.
/s/ Doug Staut | Doug Staut | |||
Signature of Responsible Party | Printed Name of Responsible Party | |||
Chief Restructuring Officer | 08/30/2024 | |||
Title | Date |
UST Form 11-MOR (12/01/2021) | 9 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 10 of 12 | ||
Debtor's Name EigerBio Europe Limited | Case No. 24-80044 |
UST Form 11-MOR (12/01/2021) | 10 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 11 of 12 | ||
Debtor's Name EigerBio Europe Limited | Case No. 24-80044 |
UST Form 11-MOR (12/01/2021) | 11 |
Case 24-80040-sgj11 Doc 586 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Main Document Page 12 of 12 | ||
Debtor's Name EigerBio Europe Limited | Case No. 24-80044 |
UST Form 11-MOR (12/01/2021) | 12 |
Case 24-80040-sgj11 Doc 586-1 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 1 Page 1 of 1 | ||||
Exhibit - 1 | ||||
In re: Eiger BioEurope Limited | Case No.: | 24-80044 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Statement of Cash Receipts and Disbursements | ||||||||||||||||||||||||||||||||
Debtor | Case Number | Cash Balance Beg. of Month | Cash Receipts Current Month | Cash Disbursements Current Month | Cash Balance EOM | Disbursements by 3rd Party Current Month | Total Disbursements Current Month | |||||||||||||||||||||||||
Eiger BioEurope Limited | 24-80044 | $ | 34,350 | 4,564 | (11,550 | ) | NA | $ | 27,364 | $ | — | $ | (11,550 | ) | ||||||||||||||||||
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Total Cash Receipts and Cash Disbursements |
| $ | 34,350 | $ | 4,564 | $ | (11,550 | ) | NA | $ | 27,364 | $ | — | $ | (11,550 | ) | ||||||||||||||||
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1. | In UST form, intercompany and timing adjustments are included in Receipts to avoid inclusion in quarterly fee calculation. |
Case 24-80040-sgj11 Doc 586-2 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 2 Page 1 of 1 | ||||
Exhibit - 2 | ||||
In re: Eiger BioEurope Limited | Case No.: | 24-80044 | ||
Reporting Period: | 7/1/2024 - 7/31/2024 |
Supplemental Statement of Operations |
Eiger BioPharmaceuticals, Inc. | ||||||||||||
Current Month | Cumulative | |||||||||||
07/01/2024 - 07/31/2024 | 04/01/2024 - 07/31/2024 | Notes | ||||||||||
Income | ||||||||||||
Income | $ | 519,384 | $ | 2,076,137 | ||||||||
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Total Income | $ | 519,384 | $ | 2,076,137 | ||||||||
Operating Expenses | ||||||||||||
Cost of Sales | — | — | ||||||||||
Expenses | (5,254 | ) | (5,254 | ) | ||||||||
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Total Operating Expenses | $ | (5,254 | ) | $ | 142,293 | |||||||
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Operating Income / (Loss) | $ | 524,638 | $ | 1,933,844 | ||||||||
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Other (Income) / Expense | ||||||||||||
Other Income | $ | — | $ | — | [1 | ] | ||||||
Other Expense | (131,957 | ) | (26,254 | ) | [1 | ] | ||||||
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Total Other (Income) / Expense | $ | (131,957 | ) | $ | (26,254 | ) | ||||||
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Net Income / (Loss) before Reorganization Expenses | $ | 656,596 | $ | 1,960,098 | ||||||||
Reorganization Items, net | — | — | ||||||||||
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Net Income / (Loss) | $ | 656,596 | $ | 1,960,098 | ||||||||
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Notes
[1] - Includes both realized and unrealized (gains) / losses.
Case 24-80040-sgj11 Doc 586-3 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 3 Page 1 of 1 | ||||
Exhibit - 3 | ||||
In re: Eiger BioEurope Limited | Case No.: | 24-80044 | ||
Reporting Period: | 7/31/2024 |
Supplemental Balance Sheet |
Eiger BioPharmaceuticals, Inc. | ||||
07/31/2024 | ||||
ASSETS | ||||
Cash and Equivalents | $ | 27,364 | ||
Accounts Receivable Trade | 1,737,265 | |||
Intercompany Receivables | 11,339,822 | |||
Inventory | — | |||
Prepaid Insurance | 5,325 | |||
VAT on Purchases-Input VAT Receivable | 775 | |||
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Total Current Assets | $ | 13,118,593 | ||
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TOTAL ASSETS | $ | 13,118,593 | ||
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LIABILITIES & EQUITY | ||||
Liabilities Not Subject to Compromise | ||||
Postpetition Payables | 18,067 | |||
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Total Liabilities Not Subject to Compromise | $ | 18,067 | ||
Liabilities Subject to Compromise | ||||
Accounts Payable Trade | 970 | |||
Intercompany Payables | 12,664,922 | |||
Accruals GTN: Other Gross to Net | 556,861 | |||
Accrued Liabilities | 8,167 | |||
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Total Liabilities Subject to Compromise | $ | 13,230,920 | ||
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Total Liabilities | $ | 13,248,988 | ||
Total Equity | (130,395 | ) | ||
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TOTAL LIABILITIES & EQUITY | $ | 13,118,593 | ||
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Case 24-80040-sgj11 Doc 586-4 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 4 Page 1 of 1 | ||||
In re: Eiger BioEurope Limited | Exhibit - 4 | |||
AR Aging | Case No.: | 24-80044 | ||
Reporting Period: | 7/31/2024 |
Sold From | Invoice Number | Invoice Date | Due Date | Days Aged | Customer | Currency | Amount | 1 - 30 Days (Current) | 31 - 60 Days | Total | ||||||||||||||||||||||||||||||
Eigerbio Europe | 10016 | 04/30/24 | 06/29/24 | 32 | Sciensus (Germany) | EUR* | € | 168,750.00 | $ | 182,688.75 | $ | 182,688.75 | ||||||||||||||||||||||||||||
Eigerbio Europe | 10017 | 05/31/24 | 07/30/24 | 1 | Sciensus (Germany) | EUR* | € | 56,250.00 | $ | 60,896.25 | $ | 60,896.25 | ||||||||||||||||||||||||||||
Eigerbio Europe | 10018 | 06/30/24 | 08/29/24 | -29 | Sciensus (Germany) | EUR* | € | 281,250.00 | $ | 304,481.25 | $ | 304,481.25 | ||||||||||||||||||||||||||||
Eigerbio Europe | 10019 | 06/30/24 | 08/29/24 | -29 | Sciensus (Germany) | EUR* | € | 494,100.00 | $ | 534,912.66 | $ | 534,912.66 | ||||||||||||||||||||||||||||
Eigerbio Europe | 10020 | 07/31/24 | 09/29/24 | -60 | Sciensus (Germany) | EUR* | € | 494,100.00 | $ | 534,912.66 | $ | 534,912.66 | ||||||||||||||||||||||||||||
Eigerbio Europe | 10021 | 07/31/24 | 09/29/24 | -60 | Sciensus (Netherlands) | SEK* | SEK 1,283,805.12 | $ | 119,372.69 | $ | 119,372.69 | |||||||||||||||||||||||||||||
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Total (USD) | $ | 1,554,575.51 | $ | 182,688.75 | $ | 1,737,264.26 | ||||||||||||||||||||||||||||||||||
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Notes
All foreign currencies are translated to USD as of month end
EUR/USD conversion rate: 1.0826 EUR/USD
SEK/USD conversion rate: 0.0928 SEK/USD
Case 24-80040-sgj11 Doc 586-5 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 5 Page 1 of 1 | ||||
In re: Eiger BioEurope Limited | Exhibit - 5 | |||
AP Aging | Case No.: | 24-80044 | ||
Reporting Period: | 7/31/2024 |
Post-Petition Payables | ||||||||||||||||||||||||
Vendor | Company Name | Invoice | Amount | Current | 0 - 30 Days | 31 - 60 Days | Total Open Balance | |||||||||||||||||
V1440 | Informationsstelle fur Arzneispezialitaten GmbH (IFA) | 90250762 | $ | 7.73 | $ | 7.73 | $ | — | $ | — | $ | 8 | ||||||||||||
V1319 | Niche Quality | 310 | $ | 1,434.79 | $ | — | $ | 1,435 | $ | — | $ | 1,435 | ||||||||||||
V1319 | Niche Quality | JE15430 | $ | (2,711.47 | ) | $ | (2,711 | ) | $ | — | $ | — | $ | (2,711 | ) | |||||||||
V1319 | Niche Quality | 320 | $ | 285.63 | $ | 286 | $ | — | $ | — | $ | 286 | ||||||||||||
V1319 | Niche Quality | 317 | $ | 1,039.32 | $ | 1,039 | $ | — | $ | — | $ | 1,039 | ||||||||||||
V1319 | Niche Quality | 284 | $ | 637.18 | $ | 637 | $ | — | $ | — | $ | 637 | ||||||||||||
V1319 | Niche Quality | 318 | $ | 659.14 | $ | 659 | $ | — | $ | — | $ | 659 | ||||||||||||
V1319 | Niche Quality | 278 | $ | 1,186.45 | $ | 1,186 | $ | — | $ | — | $ | 1,186 | ||||||||||||
V1207 | Sciensus International | SINV-0031023 | $ | 15,528.54 | $ | — | $ | 15,529 | $ | — | $ | 15,529 | ||||||||||||
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Grand Total | $ | 18,067.32 | $ | 1,103.98 | $ | 16,963.34 | $ | — | $ | 18,067.32 | ||||||||||||||
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Ireland 24 80040-sgj11 Doc 586-6 Filed 08/30/24 Entered 08/30/24 15:24:05 Desc Exhibit 6 Page 1 of 1 Balance and Transaction Report User: Account Name: CURRENT ACCOUNTS Account Number: Printed On Account NSC: Thursday August 01, 2024 Account Currency: EUR 07:10:27 PM Balance And Transaction Account Statement for period; 01/07/2024 31/07/2024 01/07/2024 OPENING BALANCE €0 00 €31 728 84 02/07/2024 TO NICHE QUALITY 61,94832 02/07/2024 TOSCIENSUS 62,868 75 €26,911 77 04/07/2024 R €4,216 00 €31,127 77 15/07/2024 TO APOTHEKEN RECHEN Z 63,937 50 €27,190 27 19/07/2024 Regus CME Ire SEPA DD 61,913 88 €25 276 39