On February 14, 2020, the United States Bankruptcy Court for the District of Delaware entered an order (the DIP Order) granting an interim approval to Valeritas Holdings, Inc.'s proposed senior secured priming debtor-in-possession financing facility (the DIP Facility") by and among the Sellers, as borrower, the Lenders (as defined therein) party thereto, and HB Fund LLC, as the DIP Lender." Under the terms of the DIP Order, the Company will have access to $5.5 million of the proposed $12.0 million DIP Facility. The company will use the proceeds from the DIP Facility to continue its ordinary business during the Chapter 11 Case, and to provide a bridge for the company to sell its assets through the bankruptcy. The Bankruptcy Court will consider final approval of the full DIP funding at a future hearing to be held on March 12, 2020.