# EDGAR Filing Document

**Accession Number:** 0001852117
**File Stem:** 0001852117-23-000009
**Filing Date:** 2023-1
**Character Count:** 10250
**Document Hash:** 12b9c4b2ae126704c12b27f597ff5c8d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001852117-23-000009.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001852117-23-000009

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230124

**ITEM INFORMATION**: Bankruptcy or Receivership

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rockley Photonics Holdings Ltd
- **CENTRAL INDEX KEY:** 0001852117
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40735
- **FILM NUMBER:** 23568590

**BUSINESS ADDRESS:**
- **STREET 1:** HARBOUR PLACE, 2ND FLOOR
- **STREET 2:** 103 SOUTH CHURCH STREET
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1106
- **BUSINESS PHONE:** 408 579 9210

**MAIL ADDRESS:**
- **STREET 1:** HARBOUR PLACE, 2ND FLOOR
- **STREET 2:** 103 SOUTH CHURCH STREET
- **CITY:** GEORGE TOWN
- **STATE:** E9
- **ZIP:** KY1-1106

?xml version="1.0" ? rkly-20230124

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**____________________________**

**FORM 8-K**

**____________________________**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): January 24, 2023**

**____________________________**

**Rockley Photonics Holdings Limited**

**(Exact name of registrant as specified in its charter)**

**____________________________**

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **001-40735** | **98-1644526** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission File Number)** | **(I.R.S. Employer<br>Identification No.)** |
| **3rd Floor 1 Ashley Road**<br>**Altrincham, Cheshire**<br>**United Kingdom**<br>**(Address of principal executive offices)** |  | **WA14 2DT**<br>**(Zip Code)** |

---

**+44 (0) 1865 292017**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

**____________________________**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Ordinary shares, $0.000004026575398 par value per share | RKLY | The New York Stock Exchange |
| Warrants, each whole warrant exercisable for one ordinary share at an exercise price of $11.50 per share | RKLY.WS | The New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 Emerging growth company ☒

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.03&nbsp;&nbsp;&nbsp;&nbsp;Bankruptcy or Receivership.**

*Voluntary Petition for Reorganization*

As previously disclosed, on January 23, 2023, Rockley Photonics Holdings Limited (the "**Company**") filed a voluntary petition for relief under chapter 11 of title 11 (the "**Chapter 11 Case**") of the United States Code in the United States Bankruptcy Court for the Southern District of New York. On January 24, 2023, the Company filed a petition (the "**Cayman Petition**") with the Grand Court of the Cayman Islands (the "**Cayman Grand Court**") seeking the appointment of joint restructuring officers who will advise the Company in order to facilitate the restructuring transactions to be effectuated in connection with the Chapter 11 Case.

The Company cautions that trading in the Company's securities (including, without limitation, its common stock) during the pendency of the Chapter 11 Case is highly speculative and poses substantial risks. Trading prices for the Company's securities may bear little or no relationship to the actual recovery, if any, by holders of the Company's securities in the Chapter 11 Case.

Additional information about the Chapter 11 Case, court filings and other documents related to the Chapter 11 Case are available on a website administered by the Company's claims and noticing agent, Kroll Restructuring Administration LLC, at https://cases.ra.kroll.com/RockleyPhotonics. The information on this website is not incorporated by reference into, and does not constitute part of, this Form 8-K.

**Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

In connection with the Cayman Petition, the Company filed unaudited, unconsolidated management accounts for the Company for the month ending November 30, 2022 with the Cayman Grand Court (the "November Management Accounts").

The November Management Accounts are based solely on information available to the Company as of the date thereof are unaudited and were not prepared with a view toward public disclosure and should not be relied on by any party for any reason. The November Management Accounts reflect $604.2 million (net) of intercompany receivables, which are uncollectible, have no cash value and are expected to be written off and/or expunged under the Chapter 11 Case, based on the de minimis asset and cash value of the Company and its subsidiaries.

The information contained in this Item 7.01 and Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

*(d) Exhibits*

---

| | |
|:---|:---|
| Exhibit Number | Exhibit Description |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |
| 99.1 | <u>[Unconsolidated and Unaudited Management Account of Rockley Photonics Holdings Limited for the month ending November 30, 2022](rphl-balancesheet11x30x202.htm)</u>. |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | Rockley Photonics Holdings Limited | Rockley Photonics Holdings Limited |
| Date: | January 30, 2023 | By: | /s/ Richard A. Meier |
|  |  | Name: | Richard A. Meier |
|  |  | Title: | President and Chief Executive Officer |

---

## Exhibit 99.1

**Balance Sheet US GAAP&nbsp;&nbsp;&nbsp;&nbsp;**Report Date: 30/11/2022

Rockley Photonics Holdings Limited

(In US Dollars thousands)

Assets

Current assets:

Cash and cash equivalents&nbsp;&nbsp;&nbsp;&nbsp;6,138

Short term investments&nbsp;&nbsp;&nbsp;&nbsp;0

AR and other receivables&nbsp;&nbsp;&nbsp;&nbsp;0

Other receivables&nbsp;&nbsp;&nbsp;&nbsp;4

Intercompany&nbsp;&nbsp;&nbsp;&nbsp;602,366

Current tax asset&nbsp;&nbsp;&nbsp;&nbsp;0

Restricted cash&nbsp;&nbsp;&nbsp;&nbsp;0

Prepaid expenses&nbsp;&nbsp;&nbsp;&nbsp;4,517

Other current assets&nbsp;&nbsp;&nbsp;&nbsp;0

Total current assets&nbsp;&nbsp;&nbsp;&nbsp;613,025

Long term investments&nbsp;&nbsp;&nbsp;&nbsp;0

Property, plant and equipment&nbsp;&nbsp;&nbsp;&nbsp;0

Operating lease right-of-use assets&nbsp;&nbsp;&nbsp;&nbsp;0

Finance lease right-of-use assets&nbsp;&nbsp;&nbsp;&nbsp;0

Deferred tax assets&nbsp;&nbsp;&nbsp;&nbsp;0

Other Assets&nbsp;&nbsp;&nbsp;&nbsp;0

Equity method investment&nbsp;&nbsp;&nbsp;&nbsp;0

Total assets&nbsp;&nbsp;&nbsp;&nbsp;613,025

Liabilities and Equity <br>Current liabilities:

Trade payables&nbsp;&nbsp;&nbsp;&nbsp;924

Accrued expenses and other current liabilities&nbsp;&nbsp;&nbsp;&nbsp;3,620

Cash settled share based payment liabilities&nbsp;&nbsp;&nbsp;&nbsp;0

Deferred Revenue&nbsp;&nbsp;&nbsp;&nbsp;0

Long term debt, current portion&nbsp;&nbsp;&nbsp;&nbsp;0

Finance lease liabilities, current portion&nbsp;&nbsp;&nbsp;&nbsp;0

Operating lease liabilities, current portion&nbsp;&nbsp;&nbsp;&nbsp;0

Total current liabilities&nbsp;&nbsp;&nbsp;&nbsp;4,544

Long-term Bank Loan&nbsp;&nbsp;&nbsp;&nbsp;91,992

Other long-term liabilities&nbsp;&nbsp;&nbsp;&nbsp;20,829

Derivative liability&nbsp;&nbsp;&nbsp;&nbsp;0

Finance lease liabilities, long term&nbsp;&nbsp;&nbsp;&nbsp;0

Operating lease liabilities&nbsp;&nbsp;&nbsp;&nbsp;0

Deferred tax liabilities&nbsp;&nbsp;&nbsp;&nbsp;0

Total liabilities&nbsp;&nbsp;&nbsp;&nbsp;117,365

Equity:

Ordinary shares, par&nbsp;&nbsp;&nbsp;&nbsp;1

Additional paid-in capital&nbsp;&nbsp;&nbsp;&nbsp;524,617

Equity settled share based payments reserve&nbsp;&nbsp;&nbsp;&nbsp;0

Foreign currency translation reserves&nbsp;&nbsp;&nbsp;&nbsp;0

Accumulated other comprehensive loss&nbsp;&nbsp;&nbsp;&nbsp;0

Accumulated deficit&nbsp;&nbsp;&nbsp;&nbsp;(28,956)

Total equity&nbsp;&nbsp;&nbsp;&nbsp;495,662

Total liabilities and equity&nbsp;&nbsp;&nbsp;&nbsp;613,027

<br>