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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…

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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…

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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…

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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…

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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…

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June 28, 2023 – Further to a February 24th bidding procedures order [Docket No. 854] and absent any further qualified bids, the Debtors notified the Court that an oft-delayed auction had been cancelled and Blast Asset Acquisition LLC* ($362.0 million cash bid) designated as the Successful Bidder for substantially all of the Debtors’ assets [Docket…

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June 29, 2023 – iMedia Brands, Inc. and 11 affiliated debtors (Nasdaq: IMBI*; together “iMedia” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10852 (Judge TBD). The Debtors, a global media company capitalizing on the convergence of entertainment, ecommerce, and advertising," are…

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June 27, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 16]. The bidding procedures order would: (i) approve bidding procedures in relation to the sale(s) of substantially all or any portion of the Debtors’ assets (the “Sale”), (ii) authorize the Debtors to select…

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June 26, 2023 – Lordstown Motors Corp. and two affiliated debtors (Nasdaq: RIDE; together “Lordstown” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case No. 23-10831 (Judge TBD). The Debtors, "an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet…

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June 22, 2023 – The Debtor filed a motion to extend (for a first time) the periods during which it has an exclusive right to file a Plan, and solicit acceptances thereof, through and including September 20, 2023 and November 20, 2023 [Docket No. 420]. Absent the requested relief, the Plan filing, and solicitation periods…