Gelesis Holdings, Inc., along with its two affiliates, filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Delaware on October 30, 2023. The debtor listed its assets in the range of $50 million to $100 million and liabilities of $44.34 million. The debtor is represented by Kenneth Listwak of Troutman Pepper Hamilton Sanders LLP as its legal counsel.