Nuo Therapeutics, Inc., on January 26, 2016, the Company filed a voluntary petition in the United States Bankruptcy Court for the District of Delaware seeking relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code"), which is being administered under the caption "In re: Nuo Therapeutics, Inc.", Case No. 16-10192 (MFW) (the "Chapter 11 Case"). On April 25, 2016 (the "Confirmation Date"), the Bankruptcy Court entered an Order Granting Final Approval of Disclosure Statement and Confirming Debtor's Plan of Reorganization (the "Confirmation Order"), which confirmed the Company's Modified First Amended Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as confirmed, the "Plan"). On the Effective Date, pursuant to the Plan, the size of the Board of Directors was fixed at five members, Stephen N. Keith reigned from the Board of Directors and Scott Pittman and Lawrence Atinsky were appointed to the Board of Directors. Joseph Del Guercio, David E. Jorden and C. Eric Winzer remained on the Board of Directors. Mr. Atinsky was appointed to the Board of Directors by the holders of the Series A Preferred Stock issued on the Effective Date.
Nuo Therapeutics, Inc. is a commercial stage medical device company. The Company is focused on developing and marketing products for chronic wound care primarily within the United States. The Company commercializes cell-based technologies that harness the regenerative capacity of the human body to trigger natural healing. The Company's product, Aurix, is a biodynamic hematogel that uses a patient's own platelets and plasma as a catalyst for healing. Its commercial offering consists of point of care technology for the separation of autologous blood to produce a platelet-based therapy for the chronic wound care market. This offering is known as Aurix or the Aurix System. The Aurix System produces a platelet rich plasma (PRP) gel at the point of care using the patient's own platelets and plasma sourced from a small draw of peripheral blood. Aurix comprises a natural, endogenous complement of protein and non-protein signal molecules that contribute to effective healing.
NUO THERAPEUTICS, INC. 
