false000140170800014017082024-03-212024-03-21

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): March 21, 2024  
_______________________________ 
NanoString Technologies, Inc.
(Exact name of registrant as specified in its charter)
  ________________________________
Delaware001-3598020-0094687
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
530 Fairview Avenue North
Seattle, Washington 98109
(Address of principal executive offices, including zip code)

(206) 378-6266
(Registrant’s telephone number, including area code)

(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: None.
Title of each classTrading Symbol(s)
Name of each exchange on which registered (1)
Common Stock, $0.0001 par value per shareNSTGQN/A
(1)  On February 14, 2024, our common stock was suspended from trading on the NASDAQ Global Market (“NASDAQ”). On February 14, 2024, our common stock began trading on the OTC Pink Marketplace maintained by the OTC Markets Group, Inc. under the symbol “NSTGQ.”

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☐
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).   ¨

Item 7.01 Regulation FD Disclosure
As previously disclosed, on February 4, 2024, NanoString Technologies, Inc. (the “Company”) and certain of its subsidiaries (together with the Company, the “Debtors”) filed voluntary petitions under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101-1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (such court, the “Court” and such cases, the “Cases”).
On March 21, 2024, the Company filed monthly operating reports with the Court for the reporting month ended February 29, 2024 (the “February 2024 Monthly Operating Reports”), copies of which are attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference.
The Company expects to file future monthly operating reports and other documents with the Court while the Cases remain pending. The filing of such reports and other documents may not be accompanied by a Form 8-K filing. These reports and other documents will also be available for review free of charge at https://cases.ra.kroll.com/NanoString/. Investors should review this website for additional information regarding the Debtors and the Cases.
Cautionary Note Regarding the February 2024 Monthly Operating Reports
The Company cautions investors and potential investors not to rely upon the information contained in the February 2024 Monthly Operating Reports, which were not prepared for the purpose of providing any basis for an investment decision relating to any of the securities of the Company. The February 2024 Monthly Operating Reports are limited in scope and have been prepared solely for the purpose of complying with requirements of the Federal Rules of Bankruptcy Procedure applicable to the Cases. The February 2024 Monthly Operating Reports were not reviewed by independent accountants, are in a format prescribed by applicable bankruptcy laws, and are subject to future adjustment. The financial information in the February 2024 Monthly Operating Reports was not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations, and disclosures. The February 2024 Monthly Operating Reports also relate to a period that is different from the historical periods required in the Company’s reports pursuant to the Securities Act of 1933, as amended, or the Exchange Act.
Limitation on Incorporation by Reference
In accordance with General Instruction B.2 of Form 8-K, the information disclosed in this Item 7.01 is being furnished for informational purposes only and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such a filing, except as otherwise expressly stated in such filing. The filing of this current report (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.
Cautionary Statements Regarding Trading in the Company’s Securities
The Company’s securityholders are cautioned that trading in the Company’s securities during the pendency of the Cases 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 thereof in the Cases. The Company currently does not expect that holders of the Company’s common stock or other equity securities will receive any payment or other distribution on account of those securities in the Cases, given proceeds currently expected to be received pursuant to the Company’s strategic sale process and the amount of the Debtors’ liabilities to more senior creditors. Accordingly, the Company urges extreme caution with respect to existing and future investments in its securities.
Cautionary Note Regarding Forward-Looking Statements
This Form 8-K includes statements that are, or may be deemed, “forward-looking statements.” In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately” or, in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These forward-looking statements reflect the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially from the forward-looking statements contained herein. Any forward-looking statements that we make in this Form 8-K speak only as of the date of such statement, and we undertake no obligation to update such statements to reflect events or circumstances after the date of this Form 8-K or to reflect the occurrence of unanticipated events. The Company’s forward-looking statements in this Form 8-K include, but are not limited to, statements about the Company’s plans to sell its assets pursuant to chapter 11 of the Bankruptcy Code and the timing
of such sales and ability to satisfy closing conditions; the lack of distributions to equity securityholders in the Cases; and other statements regarding the Company’s strategy and future operations, performance, and prospects among others. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with the potential adverse impact of the chapter 11 filings on the Company’s liquidity and results of operations; changes in the Company’s ability to meet its financial obligations during the chapter 11 process and to maintain contracts that are critical to its operations; the outcome and timing of the chapter 11 process and any potential asset sale; the effect of the chapter 11 filings and any potential asset sale on the Company’s relationships with vendors, regulatory authorities, employees and other third parties; possible proceedings that may be brought by third parties in connection with the chapter 11 process or the potential asset sale; uncertainty regarding obtaining Court approval of a sale of the Company’s assets or conditions to the potential asset sale; and the timing or amount of distributions, if any, to the Company’s stakeholders.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description
99.1
104The cover page from NanoString Technologies, Inc.’s Current Report on Form 8-K is formatted in iXBRL.
SIGNATURES
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.
NanoString Technologies, Inc.
Date:March 22, 2024By:/s/ K. Thomas Bailey
 K. Thomas Bailey
 Chief Financial Officer

31466467.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: NANOSTRING TECHNOLOGIES, INC., et al.,1 Debtors. Chapter 11 Case No. 24-10160 (CTG) (Jointly Administered) GLOBAL NOTES TO MONTHLY OPERATING REPORT FOR NANOSTRING TECHNOLOGIES, INC. AND ITS DEBTOR AFFILIATES On February 4, 2024, NanoString Technologies, Inc. and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), each commenced a voluntary case (collectively, these “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The following notes and statements of limitations and disclaimers should be referred to, and referenced in connection with, any review of the Debtors’ Monthly Operating Reports (collectively, the “MORs”). Introduction. The MORs are unaudited and do not purport to represent financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and are not intended to fully reconcile to the consolidated financial statements prepared by the Debtors. Information contained in the MORs has been derived from the Debtors’ books and records but does not reflect in all circumstances presentation for GAAP or SEC reporting purposes. To comply with their obligations to provide MORs during these Chapter 11 Cases, the Debtors have prepared the MORs using the best information presently available to them, which has been collected, maintained, and prepared in accordance with the Debtors’ historical accounting practices. The MORs are true and accurate to the best of the Debtors’ knowledge, information, and belief, based on currently available data. The MORs are limited in scope, cover only the period referenced on the MOR cover pages, and have been prepared solely for the purpose of complying with the monthly reporting requirements of these Chapter 11 Cases. The results of operations and financial position contained herein are not necessarily indicative of results that may be expected for any period other than the applicable reporting period, or for the full year, and may not necessarily reflect the Debtors’ future consolidated results of operations and financial position. Although the Debtors generally prepare their financial statements on a consolidated basis, the MORs have been prepared on an entity-by-entity basis (excluding most intercompany eliminations). Given the complexity of the Debtors’ business, inadvertent errors or omission 1 The Debtors in these Chapter 11 Cases, along with the last four digits of their U.S. federal tax identification numbers, to the extent applicable, are NanoString Technologies, Inc. (4687), NanoString Technologies International, Inc. (2723), NanoString Technologies Netherlands B.V., and NanoString Technologies Germany GmbH. The Debtors’ headquarters is located at 530 Fairview Avenue North, Suite 2000, Seattle, WA 98109. Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 1 of 18

 
2 31466467.1 may occur. Accordingly, the Debtors hereby reserve all of their rights to dispute the nature, validity, status, enforceability, or executory natures of any claim amount, agreement, representation, or other statement set forth in the MORs. Further, the Debtors reserve the right to amend or supplement the MORs, if necessary, but shall be under no obligation to do so. 1. Currency. Unless otherwise indicated, all amounts listed in the MORs are reflected in U.S. dollars. 2. Consolidated Entity Accounts Payable and Disbursement Systems. Cash is received and disbursed by the Debtors as described in the Debtors’ Motion for Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Maintain Their Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, and (C) Continue to Perform Intercompany Transactions; (II) Waiving Certain Operating Guidelines; (III) Suspending Time to Comply with Section 345(b) of the Bankruptcy Code and (IV) Granting Related Relief (Docket No. 10) and the Debtors’ receipt and disbursement of cash is consistent with the Debtors’ historical cash management practices. Due to the consolidated cash management reporting system, certain cash payments may be paid out of a legal entity that is different than the legal entity at which the expenses were incurred. Disbursements attributed to each entity represent the entity on behalf of which payments were made. 3. Supporting Documentation. Statement of Cash Receipts and Disbursements. Based on guidance received from the Office of the United States Trustee for the District of Delaware in connection with the completion of UST Form 11-MOR, Part 1, Cash Receipts and Disbursements, reported cash receipts and disbursements should exclude intercompany and debtor-to-debtor transactions. As a result, for those debtors with net intercompany cash outflows or inflows during the reporting period, the ending cash balances reported on Form 11-MOR Part 1 may not match the ending cash balances per the Debtors’ bank statements or the Debtors’ books and records. Balance Sheet. Liabilities Subject to Compromise (“LSTC”) represent the Debtors’ estimate of prepetition claims to be resolved in connection with the chapter 11 cases. As a result of the chapter 11 filings, the payment of prepetition liabilities is subject to compromise or other treatment under a plan of reorganization. The determination of how such liabilities will ultimately be settled or treated cannot be made until the Court approves a chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time. Prepetition liabilities that are subject to compromise are preliminary and may be subject to, among other things, future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation, or other events. 4. Part 7 Questionnaire. Pursuant to certain orders of the Bankruptcy Court entered in the Debtors’ chapter 11 cases, the Debtors were authorized (but not directed) to pay, among other things, certain prepetition claims of their employees, taxing authorities, vendors, customers, and certain other prepetition creditors. All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Debtors’ postpetition financing facility. Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 2 of 18

 
UST Form 11-MOR (12/01/2021) 1 UNITED STATES BANKRUPTCY COURT DISTRICT OFin the Delaware In Re. NanoString Technologies Germany GmbH Debtor(s) § § § § Case No. 24-10163 Lead Case No. 24-10160 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 02/29/2024 Petition Date: 02/04/2024 Months Pending: 1 Industry Classification: 3 3 4 5 Reporting Method: Accrual Basis Cash Basis Debtor's Full-Time Employees (current): 5 Debtor's Full-Time Employees (as of date of order for relief): 5 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Signature of Responsible Party Printed Name of Responsible Party Date Address /s/ Allison S. Mielke 03/21/2024 Allison S. Mielke Rodney Square, 1000 North King Street, Wilmington, DE 19801 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 3 of 18

 
UST Form 11-MOR (12/01/2021) 2 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month $0 b. Total receipts (net of transfers between accounts) $0 $0 c. Total disbursements (net of transfers between accounts) $0 $0 d. Cash balance end of month (a+b-c) $0 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $0 $0 Part 2: Asset and Liability Status Current Month (Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $15,091 b. Accounts receivable over 90 days outstanding (net of allowance) $0 c. Inventory ( (attach explanation))Book Market Other $0 d Total current assets $865,318 e. Total assets $865,318 f. Postpetition payables (excluding taxes) $34,750 g. Postpetition payables past due (excluding taxes) $0 h. Postpetition taxes payable $2,512 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $37,262 k. Prepetition secured debt $0 l. Prepetition priority debt $0 m. Prepetition unsecured debt $0 n. Total liabilities (debt) (j+k+l+m) $37,262 o. Ending equity/net worth (e-n) $828,056 Part 3: Assets Sold or Transferred Current Month Cumulative a. Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $0 b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $0 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $0 Part 4: Income Statement (Statement of Operations) Current Month Cumulative (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $165,005 b. Cost of goods sold (inclusive of depreciation, if applicable) $3,906 c. Gross profit (a-b) $161,099 d. Selling expenses $0 e. General and administrative expenses $150,340 f. Other expenses $290 g. Depreciation and/or amortization (not included in 4b) $0 h. Interest $0 i. Taxes (local, state, and federal) $-4,556 j. Reorganization items $0 k. Profit (loss) $15,025 $15,025 Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 4 of 18

 
UST Form 11-MOR (12/01/2021) 3 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 Part 5: Professional Fees and Expenses Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 5 of 18

 
UST Form 11-MOR (12/01/2021) 4 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 6 of 18

 
UST Form 11-MOR (12/01/2021) 5 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 7 of 18

 
UST Form 11-MOR (12/01/2021) 6 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 8 of 18

 
UST Form 11-MOR (12/01/2021) 7 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 9 of 18

 
UST Form 11-MOR (12/01/2021) 8 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 xcix c c. All professional fees and expenses (debtor & committees) $0 $0 $0 $0 Part 6: Postpetition Taxes Current Month Cumulative a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $7,971 $7,971 d. Postpetition employer payroll taxes paid $19,727 $19,727 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $-5,459 $-5,459 g. Postpetition other taxes paid (local, state, and federal) $0 $0 Part 7: Questionnaire - During this reporting period: a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Yes NoWere any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Yes NoWere any payments made to or on behalf of insiders? d. Yes NoAre you current on postpetition tax return filings? e. Yes NoAre you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? Yes No g. Yes NoWas there any postpetition borrowing, other than trade credit? (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 10 of 18

 
UST Form 11-MOR (12/01/2021) 9 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 Part 8: Individual Chapter 11 Debtors (Only) a. Gross income (receipts) from salary and wages $0 b. Gross income (receipts) from self-employment $0 c. Gross income from all other sources $0 d. Total income in the reporting period (a+b+c) $0 e. Payroll deductions $0 f. Self-employment related expenses $0 g. Living expenses $0 h. All other expenses $0 i. Total expenses in the reporting period (e+f+g+h) $0 j. Difference between total income and total expenses (d-i) $0 k. List the total amount of all postpetition debts that are past due $0 l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? Yes No m. Yes No N/AIf yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /s/ Tom Bailey Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/21/2024 DateTitle Tom Bailey Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 11 of 18

 
UST Form 11-MOR (12/01/2021) 10 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 PageOnePartOne PageOnePartTwo PageTwoPartOne PageTwoPartTwo Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 12 of 18

 
UST Form 11-MOR (12/01/2021) 11 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 13 of 18

 
UST Form 11-MOR (12/01/2021) 12 Debtor's Name NanoString Technologies Germany GmbH Case No. 24-10163 PageFour PageThree Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 14 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Cash from Customers 10,762$ -$ -$ -$ Total Operating Receipts 10,762 - - - Total Receipts 10,762 - - - Payroll, benefits and employee reimbursements (5,234) - - - Operations (2,093) - - - Total Operating Disbursements (7,327) - - - Transfers to Professional Fees Escrow Account: Debtor (1,235) - - - DIP Lender - - - - UCC - - - - US Trustee - - - - Other Restructuring Activities - - - - Total Restructuring Disbursements (1,235) - - - Total Disbursements (8,562) -$ -$ -$ Net Cash Flow 2,200$ -$ -$ -$ Beginning Cash - Debtors 10,568$ -$ -$ 46$ (+/-) Net Cash Flow 2,200 - - - Part 1(d) - EOM Cash Balance 12,768$ -$ -$ 46$ (+/-) DIP Borrowings(3) 11,221 - - - (+/-) Transfers Between Debtor Accounts - - - - Ending Cash - Debtors 23,989$ -$ -$ 46$ Footnotes: (1) Receipts and disbursements reflect activity for the post-petition period of February 4, 2023 through February 29, 2024. Actual cash flow results are recorded on a weekly basis for reporting consistent with the Cash Collateral Order and, therefore, capture actual results beginning February 4, 2024 instead of February 1, 2024 due to the Petition Date of February 4, 2024. (2) All information contained herein is unaudited and subject to future adjustment. (3) Reflects DIP financing borrowings in February 2024, pursuant to DIP Order, less certain fees deducted by the lender. Disbursements for Calculating U.S. Trustee Quarterly Fees: Total Disbursements 8,562$ -$ -$ -$ Less: Transfers to Debtor in Possession Accounts - - - - Total Disbursements for Calculating U.S. Trustee Quarterly Fees 8,562$ -$ -$ -$ Schedule A: Statement of cash receipts and disbursements(1)(2) Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 15 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Assets Current assets: Cash and cash equivalents 23,989$ -$ -$ 46$ Accounts receivable, net 24,121 - 15 139 Inventory, net 54,003 - - - Prepaid expenses and other 8,772 - 40 182 Intercompany receivables - - 810 - Total current assets 110,885 - 865 367 Property and equipment, net 40,083 - - 919 Operating lease right-of-use assets 12,643 - - - Other assets 3,017 - - 48 Investment in subsidiaries 238 - - - Total assets 166,866$ -$ 865$ 1,334$ Liabilities and Stockholders’ Equity Liabilities Not Subject to Compromise DIP facility 12,500$ -$ -$ -$ Accounts payable 2,277 - 20 15 Accrued liabilities 4,976 - - - Accrued compensation and other employee benefits 5,198 - 17 196 Current portion of deferred revenue and other liabilities 13,362 - - - Current portion of operating lease liabilities 5,818 - - - Long-term portion of deferred revenue and other liabilities 5,566 - - - Long-term portion of operating lease liabilities 11,871 - - - Total liabilities not subject to compromise 61,568 - 37 211 Liabilities Subject to Compromise Secured debt 231,491 - - - Unsecured debt 75,781 - - 704 Total liabilities subject to compromise 307,272 - - 704 Total liabilities 368,840 - 37 915 Stockholders’ equity Common stock 5 - - - Additional paid-in-capital 886,466 - 34 - Accumulated (deficit) earnings (1,088,445) - 794 419 Total stockholders’ deficit (201,974) - 828 419 Total liabilities and stockholders’ equity 166,866$ -$ 865$ 1,334$ Book Value as of February 29, 2024 Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Schedule B: Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 16 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Revenue: Product 5,303$ -$ -$ -$ Service and other 1,743 - 165 335 Total revenue 7,046 - 165 335 Costs and expenses: Cost of product revenue 1,466 - - - Cost of service and other revenue 1,920 - 4 - Total cost of revenue 3,386 - 4 - Research and development 2,970 - - - Selling, general and administrative 6,435 - 150 313 Total costs and expenses 12,791 - 154 313 Income (loss) from operations (5,745) - 11 22 Other income (expense): Interest income 65 - - - Reorganization costs (1) (10,658) - - - Other income (expense), net (131) - - - Total other income (expense), net (10,724) - - - Net income (loss) before provision for income taxes (16,469) - 11 22 Provision for income taxes - - 5 (4) Net income (loss) (16,469)$ -$ 16$ 18$ Footnotes: (1) Reflects prepetition costs of $6.1 million incurred for professional and insurance fees. For the 1 Month Ended February 29, 2024 Schedule C: Statement of operations (profit or loss statement) Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 17 of 18

 
($ in thousands) Account Holder Bank Open/Closed in Period Account Number End of Period Book Balance as of February 29, 2024 PNC N/A X4438 14,173$ PNC N/A X3656 9,065 PNC Opened X5079 33 SVB N/A X5420 718 SVB N/A X0135 - SVB N/A X7003 - NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. SVB N/A X1862 - NanoString Technologies Netherlands B.V. Wise N/A X8469 46 Schedule D Listing of Bank Accounts Case 24-10160-CTG Doc 368 Filed 03/21/24 Page 18 of 18

 
31466467.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: NANOSTRING TECHNOLOGIES, INC., et al.,1 Debtors. Chapter 11 Case No. 24-10160 (CTG) (Jointly Administered) GLOBAL NOTES TO MONTHLY OPERATING REPORT FOR NANOSTRING TECHNOLOGIES, INC. AND ITS DEBTOR AFFILIATES On February 4, 2024, NanoString Technologies, Inc. and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), each commenced a voluntary case (collectively, these “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The following notes and statements of limitations and disclaimers should be referred to, and referenced in connection with, any review of the Debtors’ Monthly Operating Reports (collectively, the “MORs”). Introduction. The MORs are unaudited and do not purport to represent financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and are not intended to fully reconcile to the consolidated financial statements prepared by the Debtors. Information contained in the MORs has been derived from the Debtors’ books and records but does not reflect in all circumstances presentation for GAAP or SEC reporting purposes. To comply with their obligations to provide MORs during these Chapter 11 Cases, the Debtors have prepared the MORs using the best information presently available to them, which has been collected, maintained, and prepared in accordance with the Debtors’ historical accounting practices. The MORs are true and accurate to the best of the Debtors’ knowledge, information, and belief, based on currently available data. The MORs are limited in scope, cover only the period referenced on the MOR cover pages, and have been prepared solely for the purpose of complying with the monthly reporting requirements of these Chapter 11 Cases. The results of operations and financial position contained herein are not necessarily indicative of results that may be expected for any period other than the applicable reporting period, or for the full year, and may not necessarily reflect the Debtors’ future consolidated results of operations and financial position. Although the Debtors generally prepare their financial statements on a consolidated basis, the MORs have been prepared on an entity-by-entity basis (excluding most intercompany eliminations). Given the complexity of the Debtors’ business, inadvertent errors or omission 1 The Debtors in these Chapter 11 Cases, along with the last four digits of their U.S. federal tax identification numbers, to the extent applicable, are NanoString Technologies, Inc. (4687), NanoString Technologies International, Inc. (2723), NanoString Technologies Netherlands B.V., and NanoString Technologies Germany GmbH. The Debtors’ headquarters is located at 530 Fairview Avenue North, Suite 2000, Seattle, WA 98109. Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 1 of 18

 
2 31466467.1 may occur. Accordingly, the Debtors hereby reserve all of their rights to dispute the nature, validity, status, enforceability, or executory natures of any claim amount, agreement, representation, or other statement set forth in the MORs. Further, the Debtors reserve the right to amend or supplement the MORs, if necessary, but shall be under no obligation to do so. 1. Currency. Unless otherwise indicated, all amounts listed in the MORs are reflected in U.S. dollars. 2. Consolidated Entity Accounts Payable and Disbursement Systems. Cash is received and disbursed by the Debtors as described in the Debtors’ Motion for Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Maintain Their Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, and (C) Continue to Perform Intercompany Transactions; (II) Waiving Certain Operating Guidelines; (III) Suspending Time to Comply with Section 345(b) of the Bankruptcy Code and (IV) Granting Related Relief (Docket No. 10) and the Debtors’ receipt and disbursement of cash is consistent with the Debtors’ historical cash management practices. Due to the consolidated cash management reporting system, certain cash payments may be paid out of a legal entity that is different than the legal entity at which the expenses were incurred. Disbursements attributed to each entity represent the entity on behalf of which payments were made. 3. Supporting Documentation. Statement of Cash Receipts and Disbursements. Based on guidance received from the Office of the United States Trustee for the District of Delaware in connection with the completion of UST Form 11-MOR, Part 1, Cash Receipts and Disbursements, reported cash receipts and disbursements should exclude intercompany and debtor-to-debtor transactions. As a result, for those debtors with net intercompany cash outflows or inflows during the reporting period, the ending cash balances reported on Form 11-MOR Part 1 may not match the ending cash balances per the Debtors’ bank statements or the Debtors’ books and records. Balance Sheet. Liabilities Subject to Compromise (“LSTC”) represent the Debtors’ estimate of prepetition claims to be resolved in connection with the chapter 11 cases. As a result of the chapter 11 filings, the payment of prepetition liabilities is subject to compromise or other treatment under a plan of reorganization. The determination of how such liabilities will ultimately be settled or treated cannot be made until the Court approves a chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time. Prepetition liabilities that are subject to compromise are preliminary and may be subject to, among other things, future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation, or other events. 4. Part 7 Questionnaire. Pursuant to certain orders of the Bankruptcy Court entered in the Debtors’ chapter 11 cases, the Debtors were authorized (but not directed) to pay, among other things, certain prepetition claims of their employees, taxing authorities, vendors, customers, and certain other prepetition creditors. All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Debtors’ postpetition financing facility. Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 2 of 18

 
UST Form 11-MOR (12/01/2021) 1 UNITED STATES BANKRUPTCY COURT DISTRICT OFin the Delaware In Re. NanoString Technologies, Inc. Debtor(s) § § § § Case No. 24-10160 Lead Case No. 24-10160 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 02/29/2024 Petition Date: 02/04/2024 Months Pending: 1 Industry Classification: 3 3 4 5 Reporting Method: Accrual Basis Cash Basis Debtor's Full-Time Employees (current): 425 Debtor's Full-Time Employees (as of date of order for relief): 426 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Signature of Responsible Party Printed Name of Responsible Party Date Address /s/ Allison S. Mielke 03/21/2024 Allison S. Mielke Rodney Square, 1000 North King Street, Wilmington, DE 19801 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 3 of 18

 
UST Form 11-MOR (12/01/2021) 2 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month $10,567,826 b. Total receipts (net of transfers between accounts) $10,761,958 $10,761,958 c. Total disbursements (net of transfers between accounts) $8,562,222 $8,562,222 d. Cash balance end of month (a+b-c) $12,767,562 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $8,562,222 $8,562,222 Part 2: Asset and Liability Status Current Month (Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $24,120,997 b. Accounts receivable over 90 days outstanding (net of allowance) $4,792,870 c. Inventory ( (attach explanation))Book Market Other $54,003,277 d Total current assets $110,885,242 e. Total assets $166,866,620 f. Postpetition payables (excluding taxes) $62,077,612 g. Postpetition payables past due (excluding taxes) $0 h. Postpetition taxes payable $-507,881 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $61,569,731 k. Prepetition secured debt $231,490,733 l. Prepetition priority debt $0 m. Prepetition unsecured debt $75,780,590 n. Total liabilities (debt) (j+k+l+m) $368,841,054 o. Ending equity/net worth (e-n) $-201,974,434 Part 3: Assets Sold or Transferred Current Month Cumulative a. Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $0 b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $0 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $0 Part 4: Income Statement (Statement of Operations) Current Month Cumulative (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $7,045,862 b. Cost of goods sold (inclusive of depreciation, if applicable) $3,385,348 c. Gross profit (a-b) $3,660,514 d. Selling expenses $0 e. General and administrative expenses $6,236,042 f. Other expenses $2,690,537 g. Depreciation and/or amortization (not included in 4b) $609,315 h. Interest $-64,231 i. Taxes (local, state, and federal) $0 j. Reorganization items $10,657,694 k. Profit (loss) $-16,468,844 $-16,468,844 Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 4 of 18

 
UST Form 11-MOR (12/01/2021) 3 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 Part 5: Professional Fees and Expenses Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 5 of 18

 
UST Form 11-MOR (12/01/2021) 4 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 6 of 18

 
UST Form 11-MOR (12/01/2021) 5 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 7 of 18

 
UST Form 11-MOR (12/01/2021) 6 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 8 of 18

 
UST Form 11-MOR (12/01/2021) 7 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 9 of 18

 
UST Form 11-MOR (12/01/2021) 8 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 xcix c c. All professional fees and expenses (debtor & committees) $0 $0 $0 $0 Part 6: Postpetition Taxes Current Month Cumulative a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $143,688 $143,688 d. Postpetition employer payroll taxes paid $285,734 $285,734 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $-668,236 $-668,236 g. Postpetition other taxes paid (local, state, and federal) $0 $0 Part 7: Questionnaire - During this reporting period: a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Yes NoWere any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Yes NoWere any payments made to or on behalf of insiders? d. Yes NoAre you current on postpetition tax return filings? e. Yes NoAre you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? Yes No g. Yes NoWas there any postpetition borrowing, other than trade credit? (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 10 of 18

 
UST Form 11-MOR (12/01/2021) 9 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 Part 8: Individual Chapter 11 Debtors (Only) a. Gross income (receipts) from salary and wages $0 b. Gross income (receipts) from self-employment $0 c. Gross income from all other sources $0 d. Total income in the reporting period (a+b+c) $0 e. Payroll deductions $0 f. Self-employment related expenses $0 g. Living expenses $0 h. All other expenses $0 i. Total expenses in the reporting period (e+f+g+h) $0 j. Difference between total income and total expenses (d-i) $0 k. List the total amount of all postpetition debts that are past due $0 l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? Yes No m. Yes No N/AIf yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /s/ Tom Bailey Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/21/2024 DateTitle Tom Bailey Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 11 of 18

 
UST Form 11-MOR (12/01/2021) 10 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 PageOnePartOne PageOnePartTwo PageTwoPartOne PageTwoPartTwo Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 12 of 18

 
UST Form 11-MOR (12/01/2021) 11 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 13 of 18

 
UST Form 11-MOR (12/01/2021) 12 Debtor's Name NanoString Technologies, Inc. Case No. 24-10160 PageFour PageThree Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 14 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Cash from Customers 10,762$ -$ -$ -$ Total Operating Receipts 10,762 - - - Total Receipts 10,762 - - - Payroll, benefits and employee reimbursements (5,234) - - - Operations (2,093) - - - Total Operating Disbursements (7,327) - - - Transfers to Professional Fees Escrow Account: Debtor (1,235) - - - DIP Lender - - - - UCC - - - - US Trustee - - - - Other Restructuring Activities - - - - Total Restructuring Disbursements (1,235) - - - Total Disbursements (8,562) -$ -$ -$ Net Cash Flow 2,200$ -$ -$ -$ Beginning Cash - Debtors 10,568$ -$ -$ 46$ (+/-) Net Cash Flow 2,200 - - - Part 1(d) - EOM Cash Balance 12,768$ -$ -$ 46$ (+/-) DIP Borrowings(3) 11,221 - - - (+/-) Transfers Between Debtor Accounts - - - - Ending Cash - Debtors 23,989$ -$ -$ 46$ Footnotes: (1) Receipts and disbursements reflect activity for the post-petition period of February 4, 2023 through February 29, 2024. Actual cash flow results are recorded on a weekly basis for reporting consistent with the Cash Collateral Order and, therefore, capture actual results beginning February 4, 2024 instead of February 1, 2024 due to the Petition Date of February 4, 2024. (2) All information contained herein is unaudited and subject to future adjustment. (3) Reflects DIP financing borrowings in February 2024, pursuant to DIP Order, less certain fees deducted by the lender. Disbursements for Calculating U.S. Trustee Quarterly Fees: Total Disbursements 8,562$ -$ -$ -$ Less: Transfers to Debtor in Possession Accounts - - - - Total Disbursements for Calculating U.S. Trustee Quarterly Fees 8,562$ -$ -$ -$ Schedule A: Statement of cash receipts and disbursements(1)(2) Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 15 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Assets Current assets: Cash and cash equivalents 23,989$ -$ -$ 46$ Accounts receivable, net 24,121 - 15 139 Inventory, net 54,003 - - - Prepaid expenses and other 8,772 - 40 182 Intercompany receivables - - 810 - Total current assets 110,885 - 865 367 Property and equipment, net 40,083 - - 919 Operating lease right-of-use assets 12,643 - - - Other assets 3,017 - - 48 Investment in subsidiaries 238 - - - Total assets 166,866$ -$ 865$ 1,334$ Liabilities and Stockholders’ Equity Liabilities Not Subject to Compromise DIP facility 12,500$ -$ -$ -$ Accounts payable 2,277 - 20 15 Accrued liabilities 4,976 - - - Accrued compensation and other employee benefits 5,198 - 17 196 Current portion of deferred revenue and other liabilities 13,362 - - - Current portion of operating lease liabilities 5,818 - - - Long-term portion of deferred revenue and other liabilities 5,566 - - - Long-term portion of operating lease liabilities 11,871 - - - Total liabilities not subject to compromise 61,568 - 37 211 Liabilities Subject to Compromise Secured debt 231,491 - - - Unsecured debt 75,781 - - 704 Total liabilities subject to compromise 307,272 - - 704 Total liabilities 368,840 - 37 915 Stockholders’ equity Common stock 5 - - - Additional paid-in-capital 886,466 - 34 - Accumulated (deficit) earnings (1,088,445) - 794 419 Total stockholders’ deficit (201,974) - 828 419 Total liabilities and stockholders’ equity 166,866$ -$ 865$ 1,334$ Book Value as of February 29, 2024 Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Schedule B: Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 16 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Revenue: Product 5,303$ -$ -$ -$ Service and other 1,743 - 165 335 Total revenue 7,046 - 165 335 Costs and expenses: Cost of product revenue 1,466 - - - Cost of service and other revenue 1,920 - 4 - Total cost of revenue 3,386 - 4 - Research and development 2,970 - - - Selling, general and administrative 6,435 - 150 313 Total costs and expenses 12,791 - 154 313 Income (loss) from operations (5,745) - 11 22 Other income (expense): Interest income 65 - - - Reorganization costs (1) (10,658) - - - Other income (expense), net (131) - - - Total other income (expense), net (10,724) - - - Net income (loss) before provision for income taxes (16,469) - 11 22 Provision for income taxes - - 5 (4) Net income (loss) (16,469)$ -$ 16$ 18$ Footnotes: (1) Reflects prepetition costs of $6.1 million incurred for professional and insurance fees. For the 1 Month Ended February 29, 2024 Schedule C: Statement of operations (profit or loss statement) Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 17 of 18

 
($ in thousands) Account Holder Bank Open/Closed in Period Account Number End of Period Book Balance as of February 29, 2024 PNC N/A X4438 14,173$ PNC N/A X3656 9,065 PNC Opened X5079 33 SVB N/A X5420 718 SVB N/A X0135 - SVB N/A X7003 - NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. SVB N/A X1862 - NanoString Technologies Netherlands B.V. Wise N/A X8469 46 Schedule D Listing of Bank Accounts Case 24-10160-CTG Doc 365 Filed 03/21/24 Page 18 of 18

 
31466467.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: NANOSTRING TECHNOLOGIES, INC., et al.,1 Debtors. Chapter 11 Case No. 24-10160 (CTG) (Jointly Administered) GLOBAL NOTES TO MONTHLY OPERATING REPORT FOR NANOSTRING TECHNOLOGIES, INC. AND ITS DEBTOR AFFILIATES On February 4, 2024, NanoString Technologies, Inc. and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), each commenced a voluntary case (collectively, these “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The following notes and statements of limitations and disclaimers should be referred to, and referenced in connection with, any review of the Debtors’ Monthly Operating Reports (collectively, the “MORs”). Introduction. The MORs are unaudited and do not purport to represent financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and are not intended to fully reconcile to the consolidated financial statements prepared by the Debtors. Information contained in the MORs has been derived from the Debtors’ books and records but does not reflect in all circumstances presentation for GAAP or SEC reporting purposes. To comply with their obligations to provide MORs during these Chapter 11 Cases, the Debtors have prepared the MORs using the best information presently available to them, which has been collected, maintained, and prepared in accordance with the Debtors’ historical accounting practices. The MORs are true and accurate to the best of the Debtors’ knowledge, information, and belief, based on currently available data. The MORs are limited in scope, cover only the period referenced on the MOR cover pages, and have been prepared solely for the purpose of complying with the monthly reporting requirements of these Chapter 11 Cases. The results of operations and financial position contained herein are not necessarily indicative of results that may be expected for any period other than the applicable reporting period, or for the full year, and may not necessarily reflect the Debtors’ future consolidated results of operations and financial position. Although the Debtors generally prepare their financial statements on a consolidated basis, the MORs have been prepared on an entity-by-entity basis (excluding most intercompany eliminations). Given the complexity of the Debtors’ business, inadvertent errors or omission 1 The Debtors in these Chapter 11 Cases, along with the last four digits of their U.S. federal tax identification numbers, to the extent applicable, are NanoString Technologies, Inc. (4687), NanoString Technologies International, Inc. (2723), NanoString Technologies Netherlands B.V., and NanoString Technologies Germany GmbH. The Debtors’ headquarters is located at 530 Fairview Avenue North, Suite 2000, Seattle, WA 98109. Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 1 of 18

 
2 31466467.1 may occur. Accordingly, the Debtors hereby reserve all of their rights to dispute the nature, validity, status, enforceability, or executory natures of any claim amount, agreement, representation, or other statement set forth in the MORs. Further, the Debtors reserve the right to amend or supplement the MORs, if necessary, but shall be under no obligation to do so. 1. Currency. Unless otherwise indicated, all amounts listed in the MORs are reflected in U.S. dollars. 2. Consolidated Entity Accounts Payable and Disbursement Systems. Cash is received and disbursed by the Debtors as described in the Debtors’ Motion for Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Maintain Their Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, and (C) Continue to Perform Intercompany Transactions; (II) Waiving Certain Operating Guidelines; (III) Suspending Time to Comply with Section 345(b) of the Bankruptcy Code and (IV) Granting Related Relief (Docket No. 10) and the Debtors’ receipt and disbursement of cash is consistent with the Debtors’ historical cash management practices. Due to the consolidated cash management reporting system, certain cash payments may be paid out of a legal entity that is different than the legal entity at which the expenses were incurred. Disbursements attributed to each entity represent the entity on behalf of which payments were made. 3. Supporting Documentation. Statement of Cash Receipts and Disbursements. Based on guidance received from the Office of the United States Trustee for the District of Delaware in connection with the completion of UST Form 11-MOR, Part 1, Cash Receipts and Disbursements, reported cash receipts and disbursements should exclude intercompany and debtor-to-debtor transactions. As a result, for those debtors with net intercompany cash outflows or inflows during the reporting period, the ending cash balances reported on Form 11-MOR Part 1 may not match the ending cash balances per the Debtors’ bank statements or the Debtors’ books and records. Balance Sheet. Liabilities Subject to Compromise (“LSTC”) represent the Debtors’ estimate of prepetition claims to be resolved in connection with the chapter 11 cases. As a result of the chapter 11 filings, the payment of prepetition liabilities is subject to compromise or other treatment under a plan of reorganization. The determination of how such liabilities will ultimately be settled or treated cannot be made until the Court approves a chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time. Prepetition liabilities that are subject to compromise are preliminary and may be subject to, among other things, future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation, or other events. 4. Part 7 Questionnaire. Pursuant to certain orders of the Bankruptcy Court entered in the Debtors’ chapter 11 cases, the Debtors were authorized (but not directed) to pay, among other things, certain prepetition claims of their employees, taxing authorities, vendors, customers, and certain other prepetition creditors. All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Debtors’ postpetition financing facility. Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 2 of 18

 
UST Form 11-MOR (12/01/2021) 1 UNITED STATES BANKRUPTCY COURT DISTRICT OFin the Delaware In Re. NanoString Technologies International, Inc. Debtor(s) § § § § Case No. 24-10161 Lead Case No. 24-10160 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 02/29/2024 Petition Date: 02/04/2024 Months Pending: 1 Industry Classification: 3 3 4 5 Reporting Method: Accrual Basis Cash Basis Debtor's Full-Time Employees (current): 0 Debtor's Full-Time Employees (as of date of order for relief): 0 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Signature of Responsible Party Printed Name of Responsible Party Date Address /s/ Allison S. Mielke 03/21/2024 Allison S. Mielke Rodney Square, 1000 North King Street, Wilmington, DE 19801 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 3 of 18

 
UST Form 11-MOR (12/01/2021) 2 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month $0 b. Total receipts (net of transfers between accounts) $0 $0 c. Total disbursements (net of transfers between accounts) $0 $0 d. Cash balance end of month (a+b-c) $0 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $0 $0 Part 2: Asset and Liability Status Current Month (Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $0 b. Accounts receivable over 90 days outstanding (net of allowance) $0 c. Inventory ( (attach explanation))Book Market Other $0 d Total current assets $0 e. Total assets $0 f. Postpetition payables (excluding taxes) $0 g. Postpetition payables past due (excluding taxes) $0 h. Postpetition taxes payable $0 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $0 k. Prepetition secured debt $0 l. Prepetition priority debt $0 m. Prepetition unsecured debt $0 n. Total liabilities (debt) (j+k+l+m) $0 o. Ending equity/net worth (e-n) $0 Part 3: Assets Sold or Transferred Current Month Cumulative a. Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $0 b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $0 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $0 Part 4: Income Statement (Statement of Operations) Current Month Cumulative (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $0 b. Cost of goods sold (inclusive of depreciation, if applicable) $0 c. Gross profit (a-b) $0 d. Selling expenses $0 e. General and administrative expenses $0 f. Other expenses $0 g. Depreciation and/or amortization (not included in 4b) $0 h. Interest $0 i. Taxes (local, state, and federal) $0 j. Reorganization items $0 k. Profit (loss) $0 $0 Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 4 of 18

 
UST Form 11-MOR (12/01/2021) 3 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 Part 5: Professional Fees and Expenses Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 5 of 18

 
UST Form 11-MOR (12/01/2021) 4 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 6 of 18

 
UST Form 11-MOR (12/01/2021) 5 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 7 of 18

 
UST Form 11-MOR (12/01/2021) 6 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 8 of 18

 
UST Form 11-MOR (12/01/2021) 7 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 9 of 18

 
UST Form 11-MOR (12/01/2021) 8 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 xcix c c. All professional fees and expenses (debtor & committees) $0 $0 $0 $0 Part 6: Postpetition Taxes Current Month Cumulative a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $0 $0 d. Postpetition employer payroll taxes paid $0 $0 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $0 $0 g. Postpetition other taxes paid (local, state, and federal) $0 $0 Part 7: Questionnaire - During this reporting period: a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Yes NoWere any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Yes NoWere any payments made to or on behalf of insiders? d. Yes NoAre you current on postpetition tax return filings? e. Yes NoAre you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? Yes No g. Yes NoWas there any postpetition borrowing, other than trade credit? (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 10 of 18

 
UST Form 11-MOR (12/01/2021) 9 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 Part 8: Individual Chapter 11 Debtors (Only) a. Gross income (receipts) from salary and wages $0 b. Gross income (receipts) from self-employment $0 c. Gross income from all other sources $0 d. Total income in the reporting period (a+b+c) $0 e. Payroll deductions $0 f. Self-employment related expenses $0 g. Living expenses $0 h. All other expenses $0 i. Total expenses in the reporting period (e+f+g+h) $0 j. Difference between total income and total expenses (d-i) $0 k. List the total amount of all postpetition debts that are past due $0 l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? Yes No m. Yes No N/AIf yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /s/ Tom Bailey Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/21/2024 DateTitle Tom Bailey Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 11 of 18

 
UST Form 11-MOR (12/01/2021) 10 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 PageOnePartOne PageOnePartTwo PageTwoPartOne PageTwoPartTwo Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 12 of 18

 
UST Form 11-MOR (12/01/2021) 11 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 13 of 18

 
UST Form 11-MOR (12/01/2021) 12 Debtor's Name NanoString Technologies International, Inc. Case No. 24-10161 PageFour PageThree Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 14 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Cash from Customers 10,762$ -$ -$ -$ Total Operating Receipts 10,762 - - - Total Receipts 10,762 - - - Payroll, benefits and employee reimbursements (5,234) - - - Operations (2,093) - - - Total Operating Disbursements (7,327) - - - Transfers to Professional Fees Escrow Account: Debtor (1,235) - - - DIP Lender - - - - UCC - - - - US Trustee - - - - Other Restructuring Activities - - - - Total Restructuring Disbursements (1,235) - - - Total Disbursements (8,562) -$ -$ -$ Net Cash Flow 2,200$ -$ -$ -$ Beginning Cash - Debtors 10,568$ -$ -$ 46$ (+/-) Net Cash Flow 2,200 - - - Part 1(d) - EOM Cash Balance 12,768$ -$ -$ 46$ (+/-) DIP Borrowings(3) 11,221 - - - (+/-) Transfers Between Debtor Accounts - - - - Ending Cash - Debtors 23,989$ -$ -$ 46$ Footnotes: (1) Receipts and disbursements reflect activity for the post-petition period of February 4, 2023 through February 29, 2024. Actual cash flow results are recorded on a weekly basis for reporting consistent with the Cash Collateral Order and, therefore, capture actual results beginning February 4, 2024 instead of February 1, 2024 due to the Petition Date of February 4, 2024. (2) All information contained herein is unaudited and subject to future adjustment. (3) Reflects DIP financing borrowings in February 2024, pursuant to DIP Order, less certain fees deducted by the lender. Disbursements for Calculating U.S. Trustee Quarterly Fees: Total Disbursements 8,562$ -$ -$ -$ Less: Transfers to Debtor in Possession Accounts - - - - Total Disbursements for Calculating U.S. Trustee Quarterly Fees 8,562$ -$ -$ -$ Schedule A: Statement of cash receipts and disbursements(1)(2) Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 15 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Assets Current assets: Cash and cash equivalents 23,989$ -$ -$ 46$ Accounts receivable, net 24,121 - 15 139 Inventory, net 54,003 - - - Prepaid expenses and other 8,772 - 40 182 Intercompany receivables - - 810 - Total current assets 110,885 - 865 367 Property and equipment, net 40,083 - - 919 Operating lease right-of-use assets 12,643 - - - Other assets 3,017 - - 48 Investment in subsidiaries 238 - - - Total assets 166,866$ -$ 865$ 1,334$ Liabilities and Stockholders’ Equity Liabilities Not Subject to Compromise DIP facility 12,500$ -$ -$ -$ Accounts payable 2,277 - 20 15 Accrued liabilities 4,976 - - - Accrued compensation and other employee benefits 5,198 - 17 196 Current portion of deferred revenue and other liabilities 13,362 - - - Current portion of operating lease liabilities 5,818 - - - Long-term portion of deferred revenue and other liabilities 5,566 - - - Long-term portion of operating lease liabilities 11,871 - - - Total liabilities not subject to compromise 61,568 - 37 211 Liabilities Subject to Compromise Secured debt 231,491 - - - Unsecured debt 75,781 - - 704 Total liabilities subject to compromise 307,272 - - 704 Total liabilities 368,840 - 37 915 Stockholders’ equity Common stock 5 - - - Additional paid-in-capital 886,466 - 34 - Accumulated (deficit) earnings (1,088,445) - 794 419 Total stockholders’ deficit (201,974) - 828 419 Total liabilities and stockholders’ equity 166,866$ -$ 865$ 1,334$ Book Value as of February 29, 2024 Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Schedule B: Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 16 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Revenue: Product 5,303$ -$ -$ -$ Service and other 1,743 - 165 335 Total revenue 7,046 - 165 335 Costs and expenses: Cost of product revenue 1,466 - - - Cost of service and other revenue 1,920 - 4 - Total cost of revenue 3,386 - 4 - Research and development 2,970 - - - Selling, general and administrative 6,435 - 150 313 Total costs and expenses 12,791 - 154 313 Income (loss) from operations (5,745) - 11 22 Other income (expense): Interest income 65 - - - Reorganization costs (1) (10,658) - - - Other income (expense), net (131) - - - Total other income (expense), net (10,724) - - - Net income (loss) before provision for income taxes (16,469) - 11 22 Provision for income taxes - - 5 (4) Net income (loss) (16,469)$ -$ 16$ 18$ Footnotes: (1) Reflects prepetition costs of $6.1 million incurred for professional and insurance fees. For the 1 Month Ended February 29, 2024 Schedule C: Statement of operations (profit or loss statement) Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 17 of 18

 
($ in thousands) Account Holder Bank Open/Closed in Period Account Number End of Period Book Balance as of February 29, 2024 PNC N/A X4438 14,173$ PNC N/A X3656 9,065 PNC Opened X5079 33 SVB N/A X5420 718 SVB N/A X0135 - SVB N/A X7003 - NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. SVB N/A X1862 - NanoString Technologies Netherlands B.V. Wise N/A X8469 46 Schedule D Listing of Bank Accounts Case 24-10160-CTG Doc 366 Filed 03/21/24 Page 18 of 18

 
31466467.1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: NANOSTRING TECHNOLOGIES, INC., et al.,1 Debtors. Chapter 11 Case No. 24-10160 (CTG) (Jointly Administered) GLOBAL NOTES TO MONTHLY OPERATING REPORT FOR NANOSTRING TECHNOLOGIES, INC. AND ITS DEBTOR AFFILIATES On February 4, 2024, NanoString Technologies, Inc. and its debtor affiliates, as debtors and debtors in possession in the above-captioned chapter 11 cases (collectively, the “Debtors”), each commenced a voluntary case (collectively, these “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101–1532 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The following notes and statements of limitations and disclaimers should be referred to, and referenced in connection with, any review of the Debtors’ Monthly Operating Reports (collectively, the “MORs”). Introduction. The MORs are unaudited and do not purport to represent financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and are not intended to fully reconcile to the consolidated financial statements prepared by the Debtors. Information contained in the MORs has been derived from the Debtors’ books and records but does not reflect in all circumstances presentation for GAAP or SEC reporting purposes. To comply with their obligations to provide MORs during these Chapter 11 Cases, the Debtors have prepared the MORs using the best information presently available to them, which has been collected, maintained, and prepared in accordance with the Debtors’ historical accounting practices. The MORs are true and accurate to the best of the Debtors’ knowledge, information, and belief, based on currently available data. The MORs are limited in scope, cover only the period referenced on the MOR cover pages, and have been prepared solely for the purpose of complying with the monthly reporting requirements of these Chapter 11 Cases. The results of operations and financial position contained herein are not necessarily indicative of results that may be expected for any period other than the applicable reporting period, or for the full year, and may not necessarily reflect the Debtors’ future consolidated results of operations and financial position. Although the Debtors generally prepare their financial statements on a consolidated basis, the MORs have been prepared on an entity-by-entity basis (excluding most intercompany eliminations). Given the complexity of the Debtors’ business, inadvertent errors or omission 1 The Debtors in these Chapter 11 Cases, along with the last four digits of their U.S. federal tax identification numbers, to the extent applicable, are NanoString Technologies, Inc. (4687), NanoString Technologies International, Inc. (2723), NanoString Technologies Netherlands B.V., and NanoString Technologies Germany GmbH. The Debtors’ headquarters is located at 530 Fairview Avenue North, Suite 2000, Seattle, WA 98109. Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 1 of 18

 
2 31466467.1 may occur. Accordingly, the Debtors hereby reserve all of their rights to dispute the nature, validity, status, enforceability, or executory natures of any claim amount, agreement, representation, or other statement set forth in the MORs. Further, the Debtors reserve the right to amend or supplement the MORs, if necessary, but shall be under no obligation to do so. 1. Currency. Unless otherwise indicated, all amounts listed in the MORs are reflected in U.S. dollars. 2. Consolidated Entity Accounts Payable and Disbursement Systems. Cash is received and disbursed by the Debtors as described in the Debtors’ Motion for Interim and Final Orders (I) Authorizing the Debtors to (A) Continue to Maintain Their Cash Management System, (B) Honor Certain Prepetition Obligations Related Thereto, and (C) Continue to Perform Intercompany Transactions; (II) Waiving Certain Operating Guidelines; (III) Suspending Time to Comply with Section 345(b) of the Bankruptcy Code and (IV) Granting Related Relief (Docket No. 10) and the Debtors’ receipt and disbursement of cash is consistent with the Debtors’ historical cash management practices. Due to the consolidated cash management reporting system, certain cash payments may be paid out of a legal entity that is different than the legal entity at which the expenses were incurred. Disbursements attributed to each entity represent the entity on behalf of which payments were made. 3. Supporting Documentation. Statement of Cash Receipts and Disbursements. Based on guidance received from the Office of the United States Trustee for the District of Delaware in connection with the completion of UST Form 11-MOR, Part 1, Cash Receipts and Disbursements, reported cash receipts and disbursements should exclude intercompany and debtor-to-debtor transactions. As a result, for those debtors with net intercompany cash outflows or inflows during the reporting period, the ending cash balances reported on Form 11-MOR Part 1 may not match the ending cash balances per the Debtors’ bank statements or the Debtors’ books and records. Balance Sheet. Liabilities Subject to Compromise (“LSTC”) represent the Debtors’ estimate of prepetition claims to be resolved in connection with the chapter 11 cases. As a result of the chapter 11 filings, the payment of prepetition liabilities is subject to compromise or other treatment under a plan of reorganization. The determination of how such liabilities will ultimately be settled or treated cannot be made until the Court approves a chapter 11 plan of reorganization. Accordingly, the ultimate amount of such liabilities is not determinable at this time. Prepetition liabilities that are subject to compromise are preliminary and may be subject to, among other things, future adjustments depending on Court actions, further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any collateral securing such claims, rejection of executory contracts, continued reconciliation, or other events. 4. Part 7 Questionnaire. Pursuant to certain orders of the Bankruptcy Court entered in the Debtors’ chapter 11 cases, the Debtors were authorized (but not directed) to pay, among other things, certain prepetition claims of their employees, taxing authorities, vendors, customers, and certain other prepetition creditors. All postpetition borrowings since the inception of the case, other than trade credit, are borrowings made under the Debtors’ postpetition financing facility. Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 2 of 18

 
UST Form 11-MOR (12/01/2021) 1 UNITED STATES BANKRUPTCY COURT DISTRICT OFin the Delaware In Re. NanoString Technologies Netherlands B.V. Debtor(s) § § § § Case No. 24-10162 Lead Case No. 24-10160 Jointly Administered Monthly Operating Report Chapter 11 Reporting Period Ended: 02/29/2024 Petition Date: 02/04/2024 Months Pending: 1 Industry Classification: 3 3 4 5 Reporting Method: Accrual Basis Cash Basis Debtor's Full-Time Employees (current): 12 Debtor's Full-Time Employees (as of date of order for relief): 12 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non-consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Signature of Responsible Party Printed Name of Responsible Party Date Address /s/ Allison S. Mielke 03/21/2024 Allison S. Mielke Rodney Square, 1000 North King Street, Wilmington, DE 19801 STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies. Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 3 of 18

 
UST Form 11-MOR (12/01/2021) 2 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month $45,880 b. Total receipts (net of transfers between accounts) $169 $169 c. Total disbursements (net of transfers between accounts) $0 $0 d. Cash balance end of month (a+b-c) $46,049 e. Disbursements made by third party for the benefit of the estate $0 $0 f. Total disbursements for quarterly fee calculation (c+e) $0 $0 Part 2: Asset and Liability Status Current Month (Not generally applicable to Individual Debtors. See Instructions.) a. Accounts receivable (total net of allowance) $138,747 b. Accounts receivable over 90 days outstanding (net of allowance) $0 c. Inventory ( (attach explanation))Book Market Other $0 d Total current assets $366,476 e. Total assets $1,333,407 f. Postpetition payables (excluding taxes) $214,762 g. Postpetition payables past due (excluding taxes) $0 h. Postpetition taxes payable $-3,941 i. Postpetition taxes past due $0 j. Total postpetition debt (f+h) $210,821 k. Prepetition secured debt $0 l. Prepetition priority debt $0 m. Prepetition unsecured debt $703,507 n. Total liabilities (debt) (j+k+l+m) $914,328 o. Ending equity/net worth (e-n) $419,079 Part 3: Assets Sold or Transferred Current Month Cumulative a. Total cash sales price for assets sold/transferred outside the ordinary course of business $0 $0 b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business $0 $0 c. Net cash proceeds from assets sold/transferred outside the ordinary course of business (a-b) $0 $0 Part 4: Income Statement (Statement of Operations) Current Month Cumulative (Not generally applicable to Individual Debtors. See Instructions.) a. Gross income/sales (net of returns and allowances) $334,835 b. Cost of goods sold (inclusive of depreciation, if applicable) $0 c. Gross profit (a-b) $334,835 d. Selling expenses $0 e. General and administrative expenses $284,698 f. Other expenses $-437 g. Depreciation and/or amortization (not included in 4b) $28,206 h. Interest $-75 i. Taxes (local, state, and federal) $4,176 j. Reorganization items $0 k. Profit (loss) $18,266 $18,266 Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 4 of 18

 
UST Form 11-MOR (12/01/2021) 3 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 Part 5: Professional Fees and Expenses Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 5 of 18

 
UST Form 11-MOR (12/01/2021) 4 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 6 of 18

 
UST Form 11-MOR (12/01/2021) 5 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Approved Current Month Approved Cumulative Paid Current Month Paid Cumulative b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Firm Name Role i ii iii iv v vi vii viii ix x xi xii xiii xiv Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 7 of 18

 
UST Form 11-MOR (12/01/2021) 6 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvii xxxvii xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 8 of 18

 
UST Form 11-MOR (12/01/2021) 7 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxiv lxxxv lxxxvi lxxxvi lxxxvi lxxxix xc xci xcii xciii xciv xcv xcvi xcvii xcviii Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 9 of 18

 
UST Form 11-MOR (12/01/2021) 8 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 xcix c c. All professional fees and expenses (debtor & committees) $0 $0 $0 $0 Part 6: Postpetition Taxes Current Month Cumulative a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $14,460 $14,460 d. Postpetition employer payroll taxes paid $13,121 $13,121 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $-18,391 $-18,391 g. Postpetition other taxes paid (local, state, and federal) $0 $0 Part 7: Questionnaire - During this reporting period: a. Were any payments made on prepetition debt? (if yes, see Instructions) Yes No b. Yes NoWere any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Yes NoWere any payments made to or on behalf of insiders? d. Yes NoAre you current on postpetition tax return filings? e. Yes NoAre you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? Yes No g. Yes NoWas there any postpetition borrowing, other than trade credit? (if yes, see Instructions) h. Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) Casualty/property insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) General liability insurance? Yes No If yes, are your premiums current? Yes No N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? Yes No k. Has a disclosure statement been filed with the court? Yes No l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. § 1930? Yes No Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 10 of 18

 
UST Form 11-MOR (12/01/2021) 9 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 Part 8: Individual Chapter 11 Debtors (Only) a. Gross income (receipts) from salary and wages $0 b. Gross income (receipts) from self-employment $0 c. Gross income from all other sources $0 d. Total income in the reporting period (a+b+c) $0 e. Payroll deductions $0 f. Self-employment related expenses $0 g. Living expenses $0 h. All other expenses $0 i. Total expenses in the reporting period (e+f+g+h) $0 j. Difference between total income and total expenses (d-i) $0 k. List the total amount of all postpetition debts that are past due $0 l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C § 101(14A)? Yes No m. Yes No N/AIf yes, have you made all Domestic Support Obligation payments? Privacy Act Statement 28 U.S.C. § 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. §§ 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. § 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST-001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. § 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /s/ Tom Bailey Signature of Responsible Party Chief Financial Officer Printed Name of Responsible Party 03/21/2024 DateTitle Tom Bailey Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 11 of 18

 
UST Form 11-MOR (12/01/2021) 10 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 PageOnePartOne PageOnePartTwo PageTwoPartOne PageTwoPartTwo Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 12 of 18

 
UST Form 11-MOR (12/01/2021) 11 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 13 of 18

 
UST Form 11-MOR (12/01/2021) 12 Debtor's Name NanoString Technologies Netherlands B.V. Case No. 24-10162 PageFour PageThree Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 14 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Cash from Customers 10,762$ -$ -$ -$ Total Operating Receipts 10,762 - - - Total Receipts 10,762 - - - Payroll, benefits and employee reimbursements (5,234) - - - Operations (2,093) - - - Total Operating Disbursements (7,327) - - - Transfers to Professional Fees Escrow Account: Debtor (1,235) - - - DIP Lender - - - - UCC - - - - US Trustee - - - - Other Restructuring Activities - - - - Total Restructuring Disbursements (1,235) - - - Total Disbursements (8,562) -$ -$ -$ Net Cash Flow 2,200$ -$ -$ -$ Beginning Cash - Debtors 10,568$ -$ -$ 46$ (+/-) Net Cash Flow 2,200 - - - Part 1(d) - EOM Cash Balance 12,768$ -$ -$ 46$ (+/-) DIP Borrowings(3) 11,221 - - - (+/-) Transfers Between Debtor Accounts - - - - Ending Cash - Debtors 23,989$ -$ -$ 46$ Footnotes: (1) Receipts and disbursements reflect activity for the post-petition period of February 4, 2023 through February 29, 2024. Actual cash flow results are recorded on a weekly basis for reporting consistent with the Cash Collateral Order and, therefore, capture actual results beginning February 4, 2024 instead of February 1, 2024 due to the Petition Date of February 4, 2024. (2) All information contained herein is unaudited and subject to future adjustment. (3) Reflects DIP financing borrowings in February 2024, pursuant to DIP Order, less certain fees deducted by the lender. Disbursements for Calculating U.S. Trustee Quarterly Fees: Total Disbursements 8,562$ -$ -$ -$ Less: Transfers to Debtor in Possession Accounts - - - - Total Disbursements for Calculating U.S. Trustee Quarterly Fees 8,562$ -$ -$ -$ Schedule A: Statement of cash receipts and disbursements(1)(2) Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 15 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Assets Current assets: Cash and cash equivalents 23,989$ -$ -$ 46$ Accounts receivable, net 24,121 - 15 139 Inventory, net 54,003 - - - Prepaid expenses and other 8,772 - 40 182 Intercompany receivables - - 810 - Total current assets 110,885 - 865 367 Property and equipment, net 40,083 - - 919 Operating lease right-of-use assets 12,643 - - - Other assets 3,017 - - 48 Investment in subsidiaries 238 - - - Total assets 166,866$ -$ 865$ 1,334$ Liabilities and Stockholders’ Equity Liabilities Not Subject to Compromise DIP facility 12,500$ -$ -$ -$ Accounts payable 2,277 - 20 15 Accrued liabilities 4,976 - - - Accrued compensation and other employee benefits 5,198 - 17 196 Current portion of deferred revenue and other liabilities 13,362 - - - Current portion of operating lease liabilities 5,818 - - - Long-term portion of deferred revenue and other liabilities 5,566 - - - Long-term portion of operating lease liabilities 11,871 - - - Total liabilities not subject to compromise 61,568 - 37 211 Liabilities Subject to Compromise Secured debt 231,491 - - - Unsecured debt 75,781 - - 704 Total liabilities subject to compromise 307,272 - - 704 Total liabilities 368,840 - 37 915 Stockholders’ equity Common stock 5 - - - Additional paid-in-capital 886,466 - 34 - Accumulated (deficit) earnings (1,088,445) - 794 419 Total stockholders’ deficit (201,974) - 828 419 Total liabilities and stockholders’ equity 166,866$ -$ 865$ 1,334$ Book Value as of February 29, 2024 Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Schedule B: Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 16 of 18

 
($ in thousands) NanoString Technologies, Inc. NanoString Technologies International, Inc. NanoString Technologies Germany GmbH NanoString Technologies Netherlands B.V. Revenue: Product 5,303$ -$ -$ -$ Service and other 1,743 - 165 335 Total revenue 7,046 - 165 335 Costs and expenses: Cost of product revenue 1,466 - - - Cost of service and other revenue 1,920 - 4 - Total cost of revenue 3,386 - 4 - Research and development 2,970 - - - Selling, general and administrative 6,435 - 150 313 Total costs and expenses 12,791 - 154 313 Income (loss) from operations (5,745) - 11 22 Other income (expense): Interest income 65 - - - Reorganization costs (1) (10,658) - - - Other income (expense), net (131) - - - Total other income (expense), net (10,724) - - - Net income (loss) before provision for income taxes (16,469) - 11 22 Provision for income taxes - - 5 (4) Net income (loss) (16,469)$ -$ 16$ 18$ Footnotes: (1) Reflects prepetition costs of $6.1 million incurred for professional and insurance fees. For the 1 Month Ended February 29, 2024 Schedule C: Statement of operations (profit or loss statement) Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 17 of 18

 
($ in thousands) Account Holder Bank Open/Closed in Period Account Number End of Period Book Balance as of February 29, 2024 PNC N/A X4438 14,173$ PNC N/A X3656 9,065 PNC Opened X5079 33 SVB N/A X5420 718 SVB N/A X0135 - SVB N/A X7003 - NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. NanoString Technologies, Inc. SVB N/A X1862 - NanoString Technologies Netherlands B.V. Wise N/A X8469 46 Schedule D Listing of Bank Accounts Case 24-10160-CTG Doc 367 Filed 03/21/24 Page 18 of 18

 
v3.24.1
Cover Page Document
Mar. 21, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Mar. 21, 2024
Entity Registrant Name NanoString Technologies, Inc.
Entity Incorporation, State or Country Code DE
Entity File Number 001-35980
Entity Tax Identification Number 20-0094687
Entity Address, Address Line One 530 Fairview Avenue North
Entity Address, City or Town Seattle
Entity Address, State or Province WA
Entity Address, Postal Zip Code 98109
City Area Code 206
Local Phone Number 378-6266
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.0001 par value per share
Trading Symbol NSTGQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001401708
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