附件99.1

Teligent將通過自願執行資產出售 第11章流程

公司正在安排1200萬美元的債務人持有 融資，並在雙方同意的基礎上獲得現金抵押品

加拿大實體將在第11章 之外進行銷售流程

新澤西州布埃納，2021年10月14日—Teligent，Inc.（納斯達克：TLGT） 是一家總部位於新澤西州的特種仿製藥公司（“Teligent”或“公司”），今天宣佈， 公司及其某些附屬公司已根據美國破產法 第11章向特拉華區美國破產法院申請自願保護，以尋求銷售程序，以最大限度地提高公司的價值。

公司在第11章申請之前啟動了營銷程序 ，以確定市場興趣水平，並正在與多個相關方進行討論。公司預計將在2022年初完成 整個業務或其核心資產的出售。與此同時，Teligent的加拿大子公司Teligent Canada將尋求庭外出售程序。

與此相關，Teligent已任命Portage Point Partners董事總經理Vladimir Kasparov為首席重組官。卡斯帕羅夫先生將監督業務及其重組 過程，與Teligent領導團隊（包括之前任命的臨時首席財務官Alyssa Lozynski）和董事會密切合作，執行公司的業務戰略，並進行價值最大化的銷售過程。卡斯帕羅夫先生在管理複雜的財務和運營重組方面積累了豐富的 經驗，包括提供臨時管理服務和 擔任高級官員，以在重組和運營重組期間保持和最大化價值。

此外，公司任命Bradley E。Scher向其 董事會提出建議，增強董事會的重組專業知識。Scher先生是Ocean Ridge Capital Advisors， LLC的創始人和管理成員，曾擔任過各種危機和臨時管理職務。該公司還宣佈，首席執行官Tim Sawyer和首席法律官兼執行副總裁Philip Yachmetz辭職，自2021年10月8日起生效。

"整個Teligent團隊在過去的 年裏一直在努力應對市場趨勢、我們的債務結構以及挑戰我們業務的運營障礙。雖然這不是我們預期的結果 ，但我們相信Teligent的業務包括強大的專業仿製藥資產組合， 相信出售是實現價值最大化的最佳機會，”Teligent董事會主席John Celentano説。 "我謹代表整個Teligent董事會，感謝Tim和Phil在任期內代表公司所付出的奉獻和辛勤工作。我們歡迎Vlad、Alyssa和Brad加入團隊，並期待與他們合作 ，因為我們追求公司的戰略和價值最大化的銷售。

該公司已向破產法院提交了各種"首日"動議，請求常規救濟，以使該公司能夠過渡到第11章，而不會中斷其正常過程操作。Teligent預計這些動議將在案件發生的頭幾天內獲得批准。

為了在第11章的過程中為其運營提供資金和維護，該公司正在安排1200萬美元的債務人持有（“DIP”）融資從其高級有擔保貸款人。在 破產法院批准後，DIP融資將為公司提供必要的流動性，以在正常過程中運作 ，並支付整個第11章過程中的行政費用，因為公司追求價值最大化的銷售過程。

附加信息

如前所述，2021年4月9日，Teligent收到納斯達克的通知 ，通知公司其普通股未能達到繼續在納斯達克全球精選市場上市的最低收盤價。該公司沒有在2021年10月6日的最後期限前恢復遵守規定，並且不打算上訴 額外的時間或聽證會。Teligent的普通股股票定於2021年10月18日開業時退市，此後可能在場外市場交易。

有關Teligent第11章案件的更多信息， 可在www.example.com上找到，或撥打（800）781—1016撥打美國電話，或撥打（503）597—5535撥打國際電話。

Teligent在這一問題上由Young Conaway Stargatt & Taylor，LLP和K & L Gates LLP作為法律顧問代表，Raymond James & Associates，Inc.作為投資銀行家，Portage Point Partners， LLC作為財務顧問和臨時管理服務提供商。

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前瞻性陳述

This press release includes “forward-looking statements” that are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about the Company’s business and the industry in which the Company operates and the beliefs and assumptions of the Company’s management. Forward-looking statements can be identified by the use of words such as “will,” “may,” “could,” “should,” “would,” “believe,” “depends,” “expect,” “goal,” “anticipate,” “forecast,” “project,” “future,” “intend,” “plan,” “estimate,” “target,” “indicate,” “outlook,” and similar expressions of future intent or the negative of such terms. These forward-looking statements are inherently subject to various risks and uncertainties many of which are outside of the Company’s control that may cause the Company’s actual results to be materially different from planned or expected results. Those risks and uncertainties include, but are not limited to, risks attendant to the bankruptcy process, including the Company’s ability to obtain approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the Chapter 11 process; the ability of the Company to negotiate, develop, confirm and consummate a plan of reorganization; the effects of the Chapter 11 process, including increased legal and other professional costs necessary to execute the Company’s reorganization, on the Company’s liquidity (including the availability of operating capital during the pendency of the Chapter 11 process), results of operations or business prospects; the length of time that the Company will operate under Chapter 11 protection; risks associated with third-party motions in the Chapter 11 process; conditions to which the DIP financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside the Company’s control; more stringent or costly payment terms and/or the decision by a significant number of suppliers, vendors or customers not to do business with the Company; the Company’s ability to attract, motivate and retain key executives and other personnel; the trading price and volatility of the Company’s common stock; the delisting of the Company’s common stock from The Nasdaq Global Select Market; and those additional risks and uncertainties set forth under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other periodic reports the Company files with the Securities and Exchange Commission. Additionally, many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 outbreak and the effects thereof on the Company’s future performance and results of operations. It is not possible to predict or identify all such risks. There may be additional risks that the Company considers immaterial or which are unknown. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this press release speak only as of the date hereof and, subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.

媒體：
Rachel Chesley

TeligentCommunications@fticonsulting.com