BUZZ-Surgalign slides after filing for Chapter 11 bankruptcy

Reuters

2023/06/20

** Shares of Surgalign Holdings down 42.6% at $0.70 premarket

** The beleaguered U.S. medical technology company filed for voluntary Chapter 11 bankruptcy on Monday

** In March, co had reduced its workforce by about 20% and announced cost cuts

** Shares of the $11.2 mln company are set to fall from two-month highs, if trends hold

** YTD, stock down 39% YTD

(Reporting by Medha Singh)

((medha.singh@thomsonreuters.com))

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