附件99.1

Teligent将通过自愿执行资产出售 第11章流程

公司正在安排1200万美元的债务人持有 融资，并在双方同意的基础上获得现金抵押品

加拿大实体将在第11章 之外进行销售流程

新泽西州布埃纳，2021年10月14日—Teligent，Inc.（纳斯达克：TLGT） 是一家总部位于新泽西州的特种仿制药公司（“Teligent”或“公司”），今天宣布， 公司及其某些附属公司已根据美国破产法 第11章向特拉华区美国破产法院申请自愿保护，以寻求销售程序，以最大限度地提高公司的价值。

公司在第11章申请之前启动了营销程序 ，以确定市场兴趣水平，并正在与多个相关方进行讨论。公司预计将在2022年初完成 整个业务或其核心资产的出售。与此同时，Teligent的加拿大子公司Teligent Canada将寻求庭外出售程序。

与此相关，Teligent已任命Portage Point Partners董事总经理Vladimir Kasparov为首席重组官。卡斯帕罗夫先生将监督业务及其重组 过程，与Teligent领导团队（包括之前任命的临时首席财务官Alyssa Lozynski）和董事会密切合作，执行公司的业务战略，并进行价值最大化的销售过程。卡斯帕罗夫先生在管理复杂的财务和运营重组方面积累了丰富的 经验，包括提供临时管理服务和 担任高级官员，以在重组和运营重组期间保持和最大化价值。

此外，公司任命Bradley E。Scher向其 董事会提出建议，增强董事会的重组专业知识。Scher先生是Ocean Ridge Capital Advisors， LLC的创始人和管理成员，曾担任过各种危机和临时管理职务。该公司还宣布，首席执行官Tim Sawyer和首席法律官兼执行副总裁Philip Yachmetz辞职，自2021年10月8日起生效。

"整个Teligent团队在过去的 年里一直在努力应对市场趋势、我们的债务结构以及挑战我们业务的运营障碍。虽然这不是我们预期的结果 ，但我们相信Teligent的业务包括强大的专业仿制药资产组合， 相信出售是实现价值最大化的最佳机会，”Teligent董事会主席John Celentano说。 "我谨代表整个Teligent董事会，感谢Tim和Phil在任期内代表公司所付出的奉献和辛勤工作。我们欢迎Vlad、Alyssa和Brad加入团队，并期待与他们合作 ，因为我们追求公司的战略和价值最大化的销售。

该公司已向破产法院提交了各种"首日"动议，请求常规救济，以使该公司能够过渡到第11章，而不会中断其正常过程操作。Teligent预计这些动议将在案件发生的头几天内获得批准。

为了在第11章的过程中为其运营提供资金和维护，该公司正在安排1200万美元的债务人持有（“DIP”）融资从其高级有担保贷款人。在 破产法院批准后，DIP融资将为公司提供必要的流动性，以在正常过程中运作 ，并支付整个第11章过程中的行政费用，因为公司追求价值最大化的销售过程。

附加信息

如前所述，2021年4月9日，Teligent收到纳斯达克的通知 ，通知公司其普通股未能达到继续在纳斯达克全球精选市场上市的最低收盘价。该公司没有在2021年10月6日的最后期限前恢复遵守规定，并且不打算上诉 额外的时间或听证会。Teligent的普通股股票定于2021年10月18日开业时退市，此后可能在场外市场交易。

有关Teligent第11章案件的更多信息， 可在www.example.com上找到，或拨打（800）781—1016拨打美国电话，或拨打（503）597—5535拨打国际电话。

Teligent在这一问题上由Young Conaway Stargatt & Taylor，LLP和K & L Gates LLP作为法律顾问代表，Raymond James & Associates，Inc.作为投资银行家，Portage Point Partners， LLC作为财务顾问和临时管理服务提供商。

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前瞻性陈述

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.

媒体：
Rachel Chesley

TeligentCommunications@fticonsulting.com