A Texas bankruptcy judge granted skincare and beauty technology company Cutera Inc. permission to draw on $15 million in Chapter 11 financing on Thursday. This decision allows the company to move forward as it prepares for a mid-April hearing. The financing will provide Cutera with the necessary capital to manage its operations during the bankruptcy proceedings. The Chapter 11 process is designed to allow companies to reorganize their debts and continue operating. Further details on Cutera’s restructuring plans are expected to emerge during the upcoming hearing.
