The Chapter 11 bankruptcy plan for 3D imaging device developer Imaging3 has been approved by a California court.
The U.S. Central District Bankruptcy Court on May 21 and 22 held a confirmation hearing and confirmed the company's plan of reorganization, Imaging3 reported.
Dean Janes, Imaging3's chairman and CEO, said the firm looks forward to making the company compliant with reporting requirements of the U.S. Securities and Exchange Commission. The company also plans to work toward resubmitting a 510(k) application with the U.S. Food and Drug Administration for its lead product, the Dominion volumetric imaging scanner (DViS).
