Zosano Pharma Corporation filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on June 1, 2022. The debtor listed both its assets of $147.42 million and liabilities of $5.58 million. The debtor is represented by Dennis A. Meloro of Greenberg Traurig, LLP as its legal counsel.

The debtor also employed SierraConstellation Partners, LLC as financial advisor and Kurtzman Carson Consultants LLC, as the claims and noticing agent.