Strōma Medical Corporation voluntarily filed for bankruptcy following financial troubles. The Irvine-based medical device company hopes the court-supervised process will help stabilize its operations.
Strōma Medical Corporation Enters Chapter 11 Proceedings
According to Pacer, the medical device company has approached the U.S. Bankruptcy Court for the District of Delaware. A Subchapter V Chapter 11 filing process was initiated by Strōma Medical Corporation on December 8.
The Irvine, California-based company develops the Strōma Laser System (SLS). The patented system is designed to lighten eye color, shifting shades like brown and hazel to naturally lighter tones.
Case Related Details
Attorney Jamie Lynne Edmonson from Robinson & Cole LLP is offering legal representation to Strōma Medical Corporation in court. Judge J Kate Stickles is supervising the latest Chapter 11 case. The filing details add that Strōma Medical Corporation currently owes around 49 creditors in total.
Key details from the filing include:
- Filing Date: December 8, 2025
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Delaware
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 1:25-bk-12169
- Estimated Assets: $1,000,001 to $10 million
- Estimated Liabilities: $1,000,001 to $10 million
- Reason for Filing: Growing financial distress calls for court supervision
The 79-page Subchapter V petition classifies Strōma Medical as a ‘small business.’ The Chapter 11 Plan Small Business Subchapter V is due for the Irvine-based company by March 9, 2026.
Attorney Jamie Lynne Edmonson submitted the petition on December 8, paying a $1,738 filing fee.
Gregg Homer, the chairman and chief science officer of Strōma Medical Corporation, signed a declaration in support of the petition and First Day Relief on the same day.
Edmonson also filed a motion to maintain the company’s bank accounts and continue using its existing cash-management system. The company also requested additional relief and asked the court to schedule a final hearing.
Strōma Medical Corporation filed a motion for the payment of employee wages, benefits, and other compensation obligations. Edmonson also filed motions covering utility services and insurance matters.
As the Chapter 11 case progresses, the Subchapter V plan due in March 2026 will play a key role in shaping the company’s financial future.
