July 31, 2023 – AeroCision Parent, LLC and two affiliates debtors (together “Aerocision” or the “Debtors”) filed for Chapter 11 protection (on a prepackaged basis) with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-11032 (Judge Karen B. Owens). The Chester, Connecticut-based Debtors*, "a leading supplier of complex engine components and…

July 24, 2023 – The Debtor requested Court authority to access $12.8mn of debtor-in-possession (“DIP”) financing to be provided by the California Statewide Community Development Authority (the “CSCDA”*) through program administrator, White Oak Global Advisors, LLC** [Docket No. 87, with the Assessment Contract at Exhibit 2 of Docket No. 88]. *The California Statewide Communities Development…

July 25, 2023 – Surge Transportation, Inc. (“Surge” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Florida, lead case No. 23-01712 (Judge Jacob A Brown). The Debtor, a specialist trucking/freight broker, is represented by Bradley R. Markey of Thames Markey.  The Debtor specializes in sourcing…

July 21, 2023 – The Debtors filed a Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 1429 and 1437, respectively] and further requested a Court order approving: (i) the adequacy of the Disclosure Statement (conditionally), (ii) proposed voting and solicitation procedures and (iii) a proposed timetable culminating in a September 7,…

July 21, 2023 – Further to a June 16th bidding procedures order [Docket No. 134] and an auction held on July 17th, the Debtors notified the Court that they had selected the "bid package submitted by Pantogran LLC in conjunction with SH Varsity Acquisition Sub, LLC, Your Life ABA VA, LLC, Proud Moments MSO, LLC, and Proud…

July 23, 2023 – AppHarvest Products, LLC and 11 affiliated debtors (Nasdaq: APPH; together “AppHarvest” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90745 (Judge David R. Jones). The Kentucky-based  Debtors, "a sustainable food company in Appalachia developing and operating some…

July 18, 2023 – The Debtors filed a motion to extend (for a first time) the periods during which they have an exclusive right to file a Plan, and solicit acceptances thereof, through and including October 17, 2023, 2023 and December 18, 2023, respectively [Docket No. 1065]. Absent the requested relief, the Plan filing periods…

July 5, 2023 – The Court hearing the SVB Financial Group case issued an order: (i) approving the sale of the Debtor’s interests in SVB's investment banking business (“SVB Securities*”) to Saffron Buyer LLC**, an SPV entity created by certain management investors and funds managed by private equity house The Baupost Group, L.L.C. (together, the…

July 5, 2023 – Alpine Summit Energy Partners, Inc. and six affiliated debtors (NASDAQ: ALPS; TSXV: ALPS.U; “Alpine Summit” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case No. 23-90739 (Judge David R. Jones). The Debtors, a Nashville, TN based based company "that…

June 30, 2023 – The Debtors requested Court authority to: (i) access $21.6mn of junior debtor-in-possession (“DIP”) financing from non-debtor subsidiary Scilex Holding Company (“Scilex,” or the “Junior DIP Lender”) and (ii) use cash collateral [Docket No. 978, with a Junior DIP Term Sheet attached at Exhibit 1]. *The aggregate amount of Junior DIP Facility…