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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, June 14, 2024, Vol. 28, No. 165

                            Headlines

506 ROUTE 17: Court OKs Interim Cash Collateral Access
5D CARGO EXPRESS: Court OKs Interim Cash Collateral Access
8TH AVENUE FOOD: Moody's Affirms 'Caa1' CFR & Alters Outlook to Neg
ABSOLUTE DIMENSIONS: U.S. Trustee Unable to Appoint Committee
ACCELERATE DIAGNOSTICS: Registers 4MM Shares for Equity Plan

AGEAGLE AERIAL: Alpha Assigns Rights to Buy $525K Series F Shares
AGILE THERAPEUTICS: Securities Delisted From Nasdaq
APPLIED DNA: Leviticus Partners, AMH Equity Disclose 5.59% Stakes
ARNOLD BROTHERS: Seeks Use of Cash Collateral
ART & ARCHITECTURE: Jury Sentences Christmas Guilty of Embezzlement

ASENSUS SURGICAL: Delays 2024 Annual Meeting Amid Merger Plans
ASHFORD HOSPITALITY: Closes Courtyard Sale, Plans $87M Resort Sale
ASHFORD HOSPITALITY: Three Proposals Passed at Annual Meeting
ASTRA ACQUISITION: S&P Revises ICR to 'SD', On Watch Negative
AURA SYSTEMS: Campbell Resigns as CFO; Interim Replacement Named

AVINGER INC: Zylox Tonbridge, Jonathon Zhao Hold 49.9% Stake
AVISON SECOND: MetWest FRI Marks $465,771 Loan at 20% Off
AVISON THIRD: MetWest FRI Marks $500,000 Loan at 32% Off
BEECH TREE: Court OKs Cash Collateral Access Thru July 2
BIOXCEL THERAPEUTICS: All Seven Proposals Passed at Annual Meeting

BLD REALTY: Starts Chapter 11 Bankruptcy Proceeding
BLUM HOLDINGS: Peoples Vape Evicted for Non-Payment of Rent
BURGERFI INT'L: Closes Restaurant Chains, Might File Bankruptcy
CALAMP CORP: Appoints Jill Frizzley to Board of Directors
CALAMP CORP: Faces Nasdaq Delisting Following Chapter 11 Filing

CALAMP CORP: Goes Private in Restructuring Deal With Lynrock
CANDLE DELIRIUM: Wins Interim Cash Collateral Access
CARDIFF LEXINGTON: Signs Settlement & Release Agreement With GHS
CASTLE US: MetWest FRI Marks $966,667 Loan at 29% Off
CBDMD INC: Receives Noncompliance Notice From NYSE American

CEDAR CIRCLE: Seeks Chapter 11 Bankruptcy Protection in Texas
CERTARA HOLDCO: Moody's Rates New Secured 1st Lien Bank Loans 'B1'
CITY BREWING: MetWest FI Marks $433,376 Loan at 21% Off
CITY BREWING: MetWest FRI Marks $1.9MM Loan at 21% Off
CITY BREWING: MetWest HYB Marks $2M Loan at 21% Off

CITY BREWING: MetWest IBF Marks $105,915 Loan at 79% Off
CITY BREWING: MetWest LDB Marks $147,127 Loan at 21% Off
CITY BREWING: MetWest TRB Marks $8.6MM Loan at 21% Off
CITY BREWING: MetWest UBF Marks $1.6MM Loan at 21% Off
CLUBCORP HOLDINGS: S&P Withdraws 'D' Rating on 2025 Senior Notes

CMM MINEOLA LLC: Hits Chapter 11 Bankruptcy in Texas
COACH USA: Operations Running as Normal Amid Bankruptcy
CONFLUENCE TECHNOLOGIES: Clearlake Reportedly Exploring $3B Sale
CREPERIE D AMOUR: Court OKs Cash Collateral Access
CRYPTO CO: Completes Sale of AllFi Technologies

CRYSTAL PACKAGING: Seeks Cash Collateral Access
CUMULUS MEDIA: XAI Octagon Marks $699,859 Loan at 36% Off
CYXTERA DC: 95% Markdown for MetWest FRI $350,844 Loan
CYXTERA DC: 95% Markdown for MetWest HYB $355,886 Loan
DEADWORDS BREWING: Court OKs Cash Collateral Access on Final Basis

DIOCESE OF SYRACUSE: Proposes $100-Mil. Plan to Exit Ch.11
DISH NETWORK: Negotiates With Certain Bondholders for New Funding
DODGE DATA: MetWest FRI Marks $486,288 Loan at 17% Off
EBET INC: Replaces BF Borgers With Astra Audit & Advisory
EIGER BIOPHARMACEUTICALS: Equity Panel Questionnaire Due on June 17

EIGER BIOPHARMACEUTICALS: U.S. Trustee Appoints Creditors' Panel
ELEVATE TEXTILES: XAI Octagon Marks $553,878 Loan at 28% Off
EMBECTA CORP: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
EMRLD BORROWER: Moody's Rates Up to New $1.9BB Term Loan 'B1'
EMRLD BORROWER: S&P Affirms 'BB-' ICR, Outlook Stable

ENDO INTERNATIONAL: Newco Issues Select Q1 2024 Financial Results
EPIC! CREATIONS: Creditors File Involuntary Chapter 11 in Delaware
EQUITRANS MIDSTREAM: S&P Places 'BB-' ICR on Watch Positive
EUSHI FINANCE: Moody's Rates New $500MM Sub. Notes Due 2054 'Ba1'
EXPRESS INC: Moves Forward With $160Mil. Sale of Biz to Mall Owners

EYECARE PARTNERS: XAI Octagon Marks $950,562 Loan at 48% Off
FARADAY FUTURE: Incurs $431.7 Million Net Loss in 2023
FARADAY FUTURE: Li Han Quits as Director for Personal Reasons
FAT DADDY: Court OKs Cash Collateral Access Thru July 16
FREE SPEECH: Court Holds Off Shutd Down, Liquidation

FREE SPEECH: Jones Asks Court to Convert His Case to Chapter 7
FTX GROUP: Wants Chapter 11 Stayed on the Competing Claims on Asset
GGA REDDY FAMILY: Seeks Chapter 11 Bankruptcy in Texas
HELIX ENERGY: All Proposals Pass at Annual Meeting
HILLTOP SPV LLC: Kicks Off Subchapter V Bankruptcy Process

HKLTN INVESTMENT: Commences Subchapter V Bankruptcy Process
IHEARTMEDIA INC: Taps PJT Partners for Debt Help
INFINERA CORP: All Four Proposals Passed at Annual Meeting
INNOVEREN SCIENTIFIC: Grosses $250K From Sale of Common Stock
INTELGENX TECHNOLOGIES: Quebec Court OKs Sale & Investment Process

INVITAE CORP: Creditors Challenge Competing Bankruptcy Plan
JACKSON HOSPITAL: Moody's Lowers Rating on Revenue Bond to 'Caa2'
JO-ANN STORES: XAI Octagon Virtually Writes Off $1MM Loan
KIDDE-FENWAL: Court Rejects Brown Rudnick Attorney's $1,500 Rate
LASERSHIP INC: XAI Octagon Marks $745,852 Loan at 19% Off

LEGACY TRADITIONAL: Moody's Alters Outlook on 'Ba2' Rating to Pos.
LEXARIA BIOSCIENCE: Registers 2.9MM Shares for Possible Resale
LIBERTY ELECTRIC: Commences Chapter 11 Bankruptcy in Delaware
LLT MANAGEMENT: Talc Plaintiffs Seek to Halt Bankruptcy Plan
LRS HOLDINGS: S&P Downgrades Long-Term ICR to 'B-', Outlook Stable

MADISON 33: 'Le Penthouse' Owner Seeks Chapter 11 Bankruptcy
MAGENTA BUYER: XAI Octagon Marks $1.6MM Loan at 41% Off
MATADOR RESOURCES: Moody's Alters Outlook on 'Ba3' CFR to Stable
MAVENIR SYSTEMS: XAI Octagon Marks $480,189 Loan at 30% Off
META MATERIALS: Unit Gets $2 Million Deposit From Proposed Buyer

MINERALS TECHNOLOGIES: S&P Affirms 'BB' ICR, Outlook Stable
MINOTAUR ACQUISITION: S&P Withdraws 'B' ICR on Refinancing
MLN US HOLDCO: XAI Octagon Marks $128,761 Loan at 85% Off
MMA LAW: Court Rejects Creditors' Bid to Tap Okin Adams as Counsel
NATIONAL RIFLE: Court Rejects Request to Set Aside $6.4Mil. Verdict

NAVEO INC: Wins Cash Collateral Access Thru June 29
NEONODE INC: Adjourns Annual Meeting of Stockholders on June 25
NOVA LIFESTYLE: All Proposals Approved at 2024 Annual Meeting
NUO THERAPEUTICS: Hires MaloneBailey to Replace Marcum as Auditor
NUZEE INC: CEO Masateru Higashida Resigns From All Positions

NUZEE INC: Raises $1.5 Million From Common Stock Sale
NUZEE INC: Signs Deal to Sell Two Subsidiaries for $10,000
ORGENESIS INC: Granted Until Oct. 14 to Regain Nasdaq Compliance
OUTFRONT MEDIA: All Proposals Approved at 2024 Annual Meeting
PARKERVISION INC: Extends Maturities of $350K Note to Dec. 1

PINEAPPLE ENERGY: Appoints James Brennan as Chief Operating Officer
PITNEY BOWES: S&P Alters Outlook to Developing, Affirms 'B+' ICR
POGO ENERGY: Wins Interim Cash Collateral Access
PROFESSIONAL DIVERSITY: All Four Proposals Passed at Annual Meeting
PROFESSIONAL DIVERSITY: Reports Net Loss of $791,832 in Q1 2024

PROSOMNUS INC: Court OKs $7MM DIP Loan from Wilmington
RED LOBSTER: Faces Possible Closure of More Than 100 Locations
RENALYTIX PLC: Signs Consulting Agreement With Interim CFO
RISKON INTERNATIONAL: Securities Delisted From Nasdaq
RITE AID: $20 Million CEO Pay Gets Lender Backlash

RUBIO'S COASTAL GRILL: Hits Chapter 11 Bankruptcy for 2nd Time
RUBIO'S COASTAL: Closes 48 Underperforming California Restaurants
S&W SEED: Has Until Nov. 11 to Regain Nasdaq Compliance
SAM ASH CORP: Gets Court Okay for Chapter Sale Process
SAM ASH: Wins $20MM DIP Loan from Tiger Finance

SANUWAVE HEALTH: SEPA Merger Outside Date Extended to June 30
SCILEX HOLDING: Secures Commitment for $100M Loan From FSF 33433
SEATON INVESTMENTS: Seeks Cash Collateral Access
SINTX TECHNOLOGIES: Regains Compliance With Nasdaq Bid Price Rule
SINTX TECHNOLOGIES: Stockholders OK Reverse Stock Split Amendment

SOLUNA HOLDINGS: Provides Recent Corporate and Project Site Updates
SOS HYDRATION: Files Emergency Bid to Use Cash Collateral
SOUTHWEST MATTRESS: Files Emergency Bid to Use Cash Collateral
SPHERE 3D: All Proposals Approved at Annual Meeting
SPIRIT AIRLINES: Names McMenamy Interim CFO in Leadership Change

STAFFING 360: Widens Net Loss to $26.04 Million in 2023
STEWARD HEALTH: Nurses Urge Leaders to Keep Hospitals Open
STEWARD HEALTHCARE: Boston Archdiocese Objects to Sale of Hospital
STONEYBROOK FAMILY: Wins Cash Collateral Access
THERMOGENESIS HOLDINGS: Faces Nasdaq Suspension and Delisting

TUPPERWARE BRANDS: Reaches Deal Extend Forbearance Agreement
UNDERGROUND CREATIVE: Court OKs Interim Cash Collateral Access
VALCOUR PACKAGING: In Talks With Creditors on Debt Swap
VIVAKOR INC: Board Appoints Michael Thompson as Director
VYAIRE MEDICAL: S&P Downgrades ICR to 'D' on Chapter 11 Filing

WAYSTAR HOLDING: Moody's Assigns 'B1' CFR, Outlook Stable
WAYSTAR TECHNOLOGIES: S&P Upgrades ICR to 'B+' on Debt Reduction
WHITESTONE UPTOWN: Court OKs Cash Collateral Access, DIP Loan
WISA TECHNOLOGIES: Appoints New Director to Fill Vacancy
YELLOW CORP: Shareholders Get Court Okay to Oversee Liquidation

YIELD10 BIOSCIENCE: Delisted From Nasdaq; Moves to OTC Market
YIELD10 BIOSCIENCE: Hikes Authorized Common Shares to 150 Million
YIELD10 BIOSCIENCE: Posts $2.5MM Net Loss in Q1 2024
ZACHARY INDUSTRIAL: Cuts More Than 4,000 Employees
[*] AIRA Announces Leadership Transitions and Awards

[*] Six Restaurant Chains That Have Filed for Bankruptcy in 2024
[*] U.S. Brands That Announced Closure of Stores in 2024
[^] BOOK REVIEW: PANIC ON WALL STREET

                            *********

506 ROUTE 17: Court OKs Interim Cash Collateral Access
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The U.S. Bankruptcy Court for the District of New Jersey authorized
506 Route 17 Ramsey LLC to use cash collateral, on an interim
basis, in accordance with the budget.

Specifically, the Debtor is permitted to use cash collateral for:

a. maintenance and preservation of its assets;

b. the continued operation of its business, including but not
limited to inventory, utilities, payroll, payroll taxes, and
insurance expenses;

c. the purchase of replacement inventory; and

d. any United States Trustee Fees due under 28 U.S.C. section
1930.

Stabilis Lending LLC asserts an aggregate claim against the Debtor
in the amount not less than $6.6 million, secured by liens on all
or substantially all of the assets of the Debtor.

As adequate protection, Stabilis is granted additional and
replacement valid, binding, enforceable non-avoidable, and
automatically perfected post-petition security interests in and
liens on all property (including any previously unencumbered
property).

As security for and to the extent of any aggregate post-petition
diminution in value of the Prepetition Collateral (including the
Cash Collateral), Stabilis is granted additional and replacement
valid, binding, enforceable non-avoidable, and automatically
perfected post-petition security interests in and liens on all
property (including any previously unencumbered property), whether
now owned or hereafter acquired or existing and wherever located,
of the Debtor and the Debtor's estate.

To the extent of any Diminution in Value, Stabilis will have a
superpriority administrative expense claim, pursuant to 11 U.S.C.
section 507(b), senior to any and all claims against the Debtor
under 11 U.S.C. section 507(a), whether in this proceeding or in
any superseding proceeding.

The replacement lien and security interest granted are
automatically deemed perfected upon entry of the Order without the
necessity of Stabillis taking possession, filing financing
statements, mortgages, or other documents.

A final hearing on the matter is set for June 18, 2024 at 10 a.m.

A copy of the order is available at https://urlcurt.com/u?l=zjYUqT
from PacerMonitor.com.

               About 506 Route 17 Ramsey LLC

506 Route 17 Ramsey LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 24-15167) on May 21,
2024. In the petition signed by Thomas J. Caleca, sole member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Vincent F. Papalia oversees the case.

Dougas J. McGill, Esq., at WEBBER MCGILL LLC, represents the Debtor
as legal counsel.


5D CARGO EXPRESS: Court OKs Interim Cash Collateral Access
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Laredo Division, authorized 5D Cargo Express, Inc. to use cash
collateral, on an interim basis, in accordance with the budget,
with a 10% variance.

Prior to the Petition Date, the Debtor and TBK Bank entered into
several loan agreements. TBK asserts that it properly perfected its
pre-petition security interests in the TBK Collateral, including
the Equipment Collateral, by filing UCC-1 Financing Statements with
the Texas Secretary of State, and having its lien noted on the face
of certificates of title, as appropriate.

TBK additionally asserts that it secured the indebtedness owed
under the 5D Loan Agreements by obtaining unconditional personal
and corporate guarantees from non-debtor affiliate SBC
Transportation Inc., the Debtor's President Carlos F. Grajeda, and
Nancy Judith Garcia.

The Debtor has also guaranteed the indebtedness owed under four
separate Loan and Security Agreements between TBK and SBC, and
three separate Loan and Security Agreements between TBK and Mr.
Grajeda pursuant to separate unconditional corporate guaranties.

As of March 15, 2024, pursuant to the 5D Loan Documents, the Debtor
owed TBK amounts not less than $5.6 million, plus subsequently
accruing interest, fees, expenses and/or other costs allowed by
contract.

DESG Finance, LLC d/b/a Diesel Leasing & Financial Services asserts
that the Debtor is liable for all indebtedness, liabilities and
other obligations of the Debtor pursuant to (a) certain Master
Notes and Security Agreements (with Equipment Schedules) and
instruments entitled "Note and Security Agreement Schedule A
Equipment", (b) an Intercompany Lease Agreement executed by Debtor
and SBC Transportation Inc., (c) all other agreements, documents,
notes, certificates, and instruments executed and/or delivered
with, to, or in favor of the Diesel Leasing.

Volvo Financial asserts the Debtor is liable for all indebtedness,
liabilities and other obligations of the Debtor pursuant to a
certain (a) Direct Loan Contract, (b) Master Loan and Security
Agreement (with Equipment Schedules), (c) Intercompany Lease
Agreements executed by Debtor and SBC Transportation Inc., and (d)
all other agreements, documents, notes, certificates, and
instruments executed and/or delivered with, to, or in favor of the
Volvo Financial.

Pursuant to (a) a Secured Promissory Note No. 24746-26027 dated as
of January 13, 2023 by and between First Citizens, as successor by
assignment from Sumitomo Mitsui Finance and Leasing Company,
Limited, and the Debtor, and (ii) Certificates of Title noting the
subject liens, First Citizens asserts that it holds valid and
perfected first in priority purchase money security interests in
certain tractors.

Prior to the Petition Date, BMO Bank asserts that the Debtor was
liable for all indebtedness, liabilities and other obligations of
Debtor pursuant to two Loan and Security Agreements. BMO Bank
asserts it made one loan to the Debtor to finance the Debtor's
purchase of five Peterbilt tractors, and that this loan is
evidenced by a Loan and Security Agreement, dated as of September
8, 2021. BMO Bank asserts the Debtor granted it a first lien on the
collateral subject to the loan and to secure its obligations under
the applicable note, and BMO Bank asserts it perfected that lien by
having BMO Bank designated as the first lienholder on the original
certificate of title. BMO Bank asserts it was also granted a lien
on, among other things, all rental and/or leasing receipts received
by the Debtor for the lease of BMO Bank's collateral. BMO Bank
asserts it perfected its lien by filing a financing statement.

Ascentium asserts the Debtor is liable for all indebtedness,
liabilities, and other obligations of Debtor pursuant to three
Equipment Finance Agreements.

Arvest Equipment Finance, a Division of Arvest Bank asserts that
the Debtor is liable for all indebtedness, liabilities and other
obligations of Debtor pursuant to (a) four Equipment Finance
Agreements (with Schedules of Financed Equipment) (i) Contract
Number 2406675, (ii) Contract Number 2418100, (iii) Contract Number
2424203, (iv) Contract Number 2442785, and (b) all other
agreements, documents, notes, certificates, and instruments
executed and/or delivered with, to, or in favor of Arvest.

Siemens Financial Services, Inc. asserts that the Debtor is liable
for all indebtedness, liabilities, and other obligations of the
Debtor pursuant to (a) Loan Schedule No. 20013620, also known as
Contract No. A20013620, to that certain Master Equipment Loan and
Security Agreement dated as of February 25, 2019 and (b) Loan
Schedule No. 470-004835-000 to that certain Master Equipment Loan
and Security Agreement dated as of February 25, 2019.

FinWise asserts the Debtor is liable for all indebtedness,
liabilities, and other obligations of Debtor pursuant to one
Equipment Finance Agreements original made with Ascentium which wer
assigned to FinWise on February 26. 2024.

As adequate protection for the use of cash collateral and its
collateral, each as applicable, TBK and the Other Secured Creditors
are granted the following claims, liens, rights and benefits:

To the extent of any diminution in value of TBK's interest in and
liens on cash collateral and TBK Collateral, TBK is granted valid,
binding, enforceable, unavoidable and automatically perfected
replacement security interests, mortgages and liens in the same
priority and covering the same collateral as TBK's prepetition
security interests, mortgages and liens.

To the extent the Adequate Protection Liens above prove inadequate,
TBK is granted, for its sole benefit, a superpriority
administrative priority claim pursuant to 11 U.S.C. section 507(b),
with priority in payment over any and all unsecured claims and
administrative expense claims now existing or hereafter arising.

Until a Chapter 11 plan is confirmed, the case is dismissed or
converted to a case under chapter 7, or an order is entered
modifying or lifting the Order is entered, the Debtor is directed
to pay:

1. TBK on the 1st day of the month the amount of $40,000, which TBK
may allocate first to accrued interest and then to principal in its
sole discretion.

2. Diesel Leasing on the 1st day of the month the amount of $7,800,
which Diesel Leasing may allocate first to accrued interest and
then to principal in its sole discretion.

3. Volvo Financial on the 1st day of the month the amount of
$36,622, which Volvo Financial may allocate in the ordinary course
of business in its sole discretion.

4. First Citizens on the 1st day of the month the amount of $7,052,
which First Citizens may allocate first to accrued interest and
then to principal in its sole discretion.

5. BMO Bank on the 1st day of the month the amount of $7,037, which
BMO Bank may allocate first to accrued interest and then to
principal in its sole discretion.

6. Ascentium on the 1st day of the month the amount of $5,600,
which Ascentium may allocate first to accrued interest and then to
principal in its sole discretion.

7. Arvest on the 1st day of the month the amount of $17,750, which
Arvest may allocate first to accrued interest and then to principal
in its sole discretion.

8. FinWise on the 1st day of the month the amount of $2,400, which
FinWise may allocate first to accrued interest and then to
principal in its sole discretion.

9. PNC on the 1st day of the month the amount of $3,558 on three
separate accounts, which PNC may allocate first to accrued interest
and then to principal in its sole discretion.

The Debtor is also directed to pay to the following creditors on
the 1st day of the month the amount indicated which the creditors
may allocate first to accrued interest and then to principal in its
sole discretion:

1. Banc of America $5,525
2. Daimler $15,950
3. De Lage Landon $1,824
4. GM $803
5. First One Business Bank $6,375
6. Midland State Bank $3,250
7. Santander $4,875
8. SFS $3,928
9. Sumitomo $6,544
10. The Huntington $1,656
11. Translease $1,788

The Debtor's rights to use any cash collateral will immediately
terminate on the earlier of the date on which any of the following
occurs:

(a) a chapter 11 trustee is appointed in the case of the Debtor;
(b) the chapter 11 case is converted to a case under chapter 7 of
the Bankruptcy Code;
(c) 30 days from entry of the Interim Order;
(d) the Debtor's failure to make any payment to TBK and/or the
Other Secured Creditors as and when due;
(e) the date that the Debtor ceases to operate its business without
prior consent of TBK and/or the Other Secured Creditors;
(f) the granting of relief from the automatic stay as to any party
that claims an interest in the TBK Collateral (or replacement
collateral) other than TBK, or the collateral of the Other Secured
Creditors other than the Other Secured Creditors, each as
applicable
(g) the Court grants any party other than TBK or the Other Secured
Creditors a lien or security interest equal to or senior to the
liens and security interests held by TBK or the Other Secured
Creditors, as applicable;
(h) the Debtor fails to comply with the terms of the Interim Order;

(i) the termination of the Debtor's exclusive right to propose a
chapter 11 plan or the filing of any chapter 11 plan by a party
other than the Debtor;
(j) the Court enters an order modifying, reversing, revoking,
staying, rescinding or vacating this Interim Order or any portion
thereof; and/or
(k) the Debtor files a motion seeking approval to sell the
collateral of TBK or the Other Secured Creditors without such
party's consent, as applicable.

A final hearing on the matter is set for July 15, 2024 at 1:30
p.m.

A copy of the order is available at https://urlcurt.com/u?l=j7nRmH
from PacerMonitor.com.

              About 5D Cargo Express, Inc.

5D Cargo Express, Inc. in Laredo, TX, filed its voluntary petition
for Chapter 11 protection (Bankr. S.D. Tex. Case No. 24-50034) on
March 15, 2024, listing as much as $10 million to $50 million in
both assets and liabilities. Carlos F. Grajeda as president, signed
the petition.

Judge Jeffrey P Norman oversees the case.

LAW OFFICE OF CENNAMO & WERNER serve as the Debtor's legal counsel.


8TH AVENUE FOOD: Moody's Affirms 'Caa1' CFR & Alters Outlook to Neg
-------------------------------------------------------------------
Moody's Ratings affirmed 8th Avenue Food & Provisions, Inc.'s ("8th
Ave") Caa1 Corporate Family Rating, Caa1 ratings on the existing
senior secured first lien revolving credit facility and senior
secured first lien term loans, and the Caa3 rating on the existing
senior secured second lien term loan. Concurrently, Moody's
downgraded the Probability of Default Rating to Caa2-PD from
Caa1-PD. Moody's also changed the outlook to negative from stable.

The outlook revision to negative from stable reflects the increased
refinancing risk as the 2025 debt maturities, including the
revolver expiring in March 2025 and the first lien term loans
maturing in October 2025, draw closer. The outlook revision also
reflects softer than expected operating performance in the pasta
and fruit and nut segments, which has resulted in a modest increase
in debt/EBITDA leverage (on a Moody's adjusted basis) to 8.2x as of
March 2024 compared to 7.8x as of fiscal year ended September 2023.
The downgrade of the PDR to Caa2-PD reflects Moody's view that
approaching debt maturities and high leverage elevate the risk of a
distressed exchange or other debt restructuring.

Nonetheless, Moody's affirmed the Caa1 CFR because of Moody's
expectation for an above average family recovery rate in the event
of a default. The company has valuable manufacturing operations in
large private label categories and good relationships with large
private label and co-manufacturing customers. The affirmation of
the Caa1 CFR also reflects Moody's expectation for leverage to
decline to approximately 6.5x by the fiscal year ended September
2025 through earnings growth and some debt repayment. Earnings
growth will be driven primarily by cost savings initiatives. The
company is implementing various initiatives to reduce logistics,
transportation, and sourcing costs, and to improve manufacturing
efficiency. The company expects these initiatives to generate at
least $20 million of run rate savings annually, with financial
benefits starting to flow through in fiscal 2Q24. Projected cost
savings, along with modest projected earnings growth in the nut
butter and granola segments are expected to offset the projected
earnings decline in the pasta segment over the next 18 months.

Moody's expects pasta volumes to rebound in fiscal 2H24 because of
improved fill rates that will support increased promotional
activity. Pasta segment margins are forecast to decline slightly
from current levels as industry capacity constraints have eased,
creating a more competitive pricing environment. However, pasta
margins are expected remain above historical levels observed before
fiscal 2H22 because of a more disciplined pricing approach and
still good demand for private label products in this economic
environment where consumers are stretching their dollars. Moody's
expects that the underperforming fruit & nut business (9% of LTM
sales) will be sold or discontinued over the next 12 months. Either
of these options would be EBITDA accretive to the company, although
a sale would provide proceeds to support further deleveraging. The
fruit and nut segment has faced volume headwinds because of weaker
demand and customer losses related to the relocation of the plant
from Canada to Missouri in mid-2022.

8th Ave's weak liquidity position reflects the refinancing risk
related to 2025 debt maturities. Liquidity is otherwise supported
by $4 million of cash and $80 million of availability on the $100
million revolving credit facility as of March 31, 2024. Moody's
projects free cash flow to be $5-$10 million in each of fiscal 2024
and fiscal 2025. These cash sources will provide sufficient
coverage of the roughly $6 million per annum of required
amortization on the term loans. Moody's does not consider the
availability on the revolver as a liquidity source past the March
31, 2025 maturity date. There is execution risk to deleveraging
that is largely dependent on earnings growth given limited
projected free cash flow. Earnings growth could be limited if the
company is unable to generate and retain in EBITDA the projected
cost savings or if the company faces pricing pressure. Free cash
flow is also projected to be low and dependent on strong execution
of the cost savings, and there could be reliance on the revolver to
fund at least a portion of required term loan amortization.

Governance is a key consideration in the rating action. This is
reflected in Moody's change of 8th Ave's financial policy and risk
management score to 5 from 4, the governance issuer profile score
to G-5 from G-4, and the credit impact score to CIS-5 from CIS-4.
The revisions are indicative of the company's aggressive financial
policies and a history of operating with high leverage. The high
leverage and weak liquidity including approaching debt maturities
increase the risk of distressed exchange or other debt
restructuring. The CIS-5 indicates that the rating is lower than it
would have been if ESG risk exposures did not exist and that the
negative impact is more pronounced than for issuers scored CIS-4.
Environmental (E-3) and social risks (S-3) are present and are
scored similarly to other companies across the packaged food sector
but overall are lesser factors than the governance risks driving
the CIS-5.

RATINGS RATIONALE

8th Ave's Caa1 CFR reflects the company's high financial leverage,
weak free cash flow, and refinancing risk related to 2025 debt
maturities. The rating also reflects 8th Ave's relatively small
scale within the US packaged foods sector. The company's categories
are also more commodity-oriented than other packaged food products,
which creates greater risk of price competition and limits margin
potential. These credit challenges are balanced against the
company's leadership position within narrowly defined private label
food categories including pasta, nut butters, and granola that have
relatively stable market demand. The capital structure includes
roughly $450 million of pay-in-kind preferred stock held by Harvest
Partners that receives priority distribution ahead of the common
stock that is primarily held by Thomas H. Lee Partners, L.P.
("THL") and Post Holdings, Inc. ("Post"). Moody's believes THL and
Post remain supportive of 8th Ave's operating strategies, but the
sizable preferred stock creates some risk around potential
shareholder financial support. The high leverage and low free cash
flow create potential for a distressed exchange to address the
revolver and term loan maturities in March and October 2025,
respectively.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

A rating downgrade could occur if operating performance or free
cash flow deteriorate. A deterioration in liquidity including
failure to proactively refinance debt maturities at a manageable
interest cost, or a decline in estimated recovery values could also
lead to a downgrade.

A rating upgrade could occur if 8th Ave is able to improve
operating performance, including higher earnings and consistently
positive free cash flow, and maintain adequate liquidity. The
company would need to also successfully address the 2025 maturities
at an interest cost that allows for positive free cash flow, and
decrease and sustain its debt/EBITDA leverage below 7.0x.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer
Packaged Goods published in June 2022.

COMPANY PROFILE

Based in St. Louis, Missouri, 8th Avenue Food & Provisions, Inc. is
a leading manufacturer and distributor of private brand food
products including peanut and other nut butters, pasta, dried fruit
and nut products and granola. The company sells to retail,
foodservice, and food ingredient customers. 8th Ave was formed in
2018 through a strategic carve-out of subsidiary companies
previously owned by Post Holdings, Inc. Sales for the twelve months
ended March 31, 2024 were $1.1 billion. As part of the separation
from Post, the private equity firm THL purchased a 39.5% equity
share, while Post retained 60.5% of the common equity, which it
accounts for using the equity method. Since the separation, Post
and THL's common equity ownership have declined to approximately
53% and 27%, respectively, and Harvest Partners owns the sizable
amount of 11% PIK preferred stock that has priority distributions
to the common stock as well as some control rights. Based on the
terms of 8th Ave's governing documents, Post management determined
that the company does not have a controlling voting interest in 8th
Ave due to substantive participating rights held by third parties
associated with the governance of 8th Ave.


ABSOLUTE DIMENSIONS: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
The U.S. Trustee for Region 20 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Absolute Dimensions, LLC.

                     About Absolute Dimensions

Absolute Dimensions, LLC specializes in 3, 4, and 5 axis and CNC
machining as well as Water Jet cutting.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Kan. Case No. 24-10392) on 24-10392. In
the petition signed by Stephen Brittain, managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Mitchell L. Herren oversees the case.

Nicholas R. Grillot, Esq., at Hinkle Law Firm, LLC, represents the
Debtor as bankruptcy counsel.


ACCELERATE DIAGNOSTICS: Registers 4MM Shares for Equity Plan
------------------------------------------------------------
Accelerate Diagnostics, Inc. filed a Registration Statement on Form
S-8 with the U.S. Securities and Exchange Commission to register
4,000,000 additional shares of common stock, $0.001 par value per
share, for issuance pursuant to the Accelerate Diagnostics, Inc.
2022 Omnibus Equity Incentive.

A full-text copy of the Registration statement is available at:

  
https://www.sec.gov/Archives/edgar/data/727207/000110465924061282/tm2414424d1_s8.htm

                   About Accelerate Diagnostics

Tucson, Ariz.-based Accelerate Diagnostics, Inc. is an in vitro
diagnostics company dedicated to providing solutions that improve
patient outcomes and lower healthcare costs through the rapid
diagnosis of serious infections.

As of December 31, 2023, the Company had $31.4 million in total
assets, $51.3 million in total liabilities, and $19.9 million in
total stockholders' deficit.

Phoenix, Ariz.-based Ernst & Young LLP, the Company's auditor since
2013, issued a "going concern" qualification in its report dated
March 29, 2024, citing that the Company has suffered recurring
losses and negative cash flows from operations and has stated that
substantial doubt exists about the Company's ability to continue as
a going concern.


AGEAGLE AERIAL: Alpha Assigns Rights to Buy $525K Series F Shares
-----------------------------------------------------------------
AgEagle Aerial Systems Inc. reported in a Form 8-K filed with the
Securities and Exchange Commission on June 5, 2024, that on May 31,
2024, the Company entered into an Assignment Agreement with Alpha
Capital Anstalt pursuant to which, among other things, Alpha
transferred and assigned to certain institutional and accredited
investors, the rights and obligations to purchase up to $525,000 of
Series F Convertible Preferred and accompanying warrants pursuant
to the Additional Investment Right provided in the SPA.

The Assignment Agreement also provides that Alpha will receive a
reduction in the Exercise Price (as defined in the Existing
Warrants) from $7.60 to $0.60 per share of Common Stock for certain
warrants previously issued to Alpha on June 5, 2023.  The shares of
Common Stock issuable upon exercise of the Existing Warrants were
registered pursuant to a registration statement on Form S-1 (File
No. 333-273332) initially filed on July 19, 2023 and declared
effective on July 27, 2023.

On May 31, 2024, in connection with the Assigned Rights, the
Company received Investor Notices from Alpha and certain of the
Assignees for the aggregate purchase of 1,050 shares of Series F
Convertible Preferred convertible into 1,632,970 shares of Common
Stock at a conversion price of $0.643 and warrants to purchase up
to 1,632,970 shares of Common Stock an exercise price of $0.643 per
share for an aggregate purchase price of $1,050,000.  The Warrants
will be immediately exercisable upon issuance and have a three-year
term. The Series F Convertible Preferred and Warrants are being
issued and sold in reliance upon the exemption from registration
provided by Section 4(a)(2) of the Securities Act of 1933, as
amended, and Rule 506 promulgated thereunder.

The Company previously entered into a Securities Purchase
Agreement, dated June 26, 2022, as subsequently amended by the
Series F SPA Amendment Agreement dated Feb. 8, 2024, with Alpha,
pursuant to which Alpha purchased 10,000 shares of the Company's
Series F 5% Convertible Preferred Stock and a warrant to purchase
5,212,510 shares of the Company's Common Stock.  Pursuant to the
terms of the SPA, Alpha had the right to purchase up to an
aggregate of $25,000,000 stated value of the Series F Convertible
Preferred and accompanying warrants, at a purchase price equal to
the volume-weighted average prices ("VWAPs") of the Company's
common stock for three trading days prior to the date Alpha gives
notice to the Company that it will exercise its Additional
Investment Right.

                            About AgEagle

Headquartered in Wichita, Kansas, AgEagle Aerial Systems Inc.,
through its wholly owned subsidiaries, is actively engaged in
designing and delivering best-in-class drones, sensors and software
that solve important problems for our customers.  Founded in 2010,
AgEagle was originally formed to pioneer proprietary,
professional-grade, fixed-winged drones and aerial imagery-based
data collection and analytics solutions for the agriculture
industry.  Today, the Company is earning distinction as a globally
respected market leader offering customer-centric, advanced,
autonomous unmanned aerial systems ("UAS") which drive revenue at
the intersection of flight hardware, sensors and software for
industries that include agriculture, military/defense, public
safety, surveying/mapping and utilities/engineering, among others.
AgEagle has also achieved numerous regulatory firsts, including
earning governmental approvals for its commercial and tactical
drones to fly Beyond Visual Line of Sight ("BVLOS") and/or
Operations Over People ("OOP") in the United States, Canada, Brazil
and the European Union and being awarded Blue UAS certification
from the Defense Innovation Unit of the U.S. Department of Defense.
Visit www.ageagle.com for more information.

Orlando, Florida-based WithumSmith+Brown, PC, the Company's auditor
since 2020, issued a "going concern" qualification in its report
dated April 1, 2024, citing that the Company has suffered recurring
losses from operations, has experienced cash used from operations
in excess of its current cash position, and has an accumulated
deficit, that raise substantial doubt about its ability to continue
as a going concern.


AGILE THERAPEUTICS: Securities Delisted From Nasdaq
---------------------------------------------------
The Nasdaq Stock Market, LLC filed a 25-NSE Report with the U.S.
Securities and Exchange Commission stating that it has determined
to remove from listing the securities of Agile Therapeutics, Inc.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5550(b)(1).

The Company was notified of the Staff determination on September
27, 2023. On October 4, 2023, the Company exercised its right to
appeal the Staff determination to the Listing Qualifications
Hearings Panel pursuant to Listing Rule 5815.

On December 4, 2023, upon review of the information provided by the
Company, the Panel determined to grant the Company request to
remain listed in the Exchange subject to a series of milestones. On
February 13, 2024, in response to a request by the Company, the
Panel amended the terms of the Decision.

On March 22, 2024, based on the Company failure to meet the terms
of the amended Decision, the Panel determined to delist the
Company. The Company securities were suspended on March 26, 2024.
The Company did not appeal the delist decision to the Nasdaq
Listing and Hearing Review Council and the Council did not call the
matter for review.

The Staff determination to delist the Company became final on May
6, 2024.

                     About Agile Therapeutics

Agile Therapeutics, Inc., is a women's healthcare company dedicated
to fulfilling the unmet health needs of today's women.  The
Company's product and product candidates are designed to provide
women with contraceptive options that offer freedom from taking a
daily pill, without committing to a longer-acting method. Its
initial product, Twirla, (levonorgestrel and ethinyl estradiol), a
transdermal system, is a non-daily prescription contraceptive.

Iselin, New Jersey-based Ernst & Young LLP, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 28, 2024, citing that the Company has generated losses
since inception, used substantial cash in operations, has a working
capital deficiency, anticipates it will continue to incur net
losses for the foreseeable future, requires additional capital to
fund its operating needs and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.


APPLIED DNA: Leviticus Partners, AMH Equity Disclose 5.59% Stakes
-----------------------------------------------------------------
Leviticus Partners, LP and its general partner, AMH Equity, LLC,
disclosed in a Joint Schedule 13G/A Report filed with the U.S.
Securities and Exchange Commission that as of May 28, 2024, they
beneficially own 571,232 shares of Applied DNA Sciences, Inc.'s
common stock, representing 5.59% of the shares outstanding.

Leviticus Partners and AMH Equity may be reached at:

     Adam Hutt
     Managing Member
     32 Old Mill Road
     Great Neck, NY 11023
     Phone: 212-871-5700

A full-text copy of the Leviticus' Report is available at
https://tinyurl.com/2w6j3xum

                         About Applied DNA

Applied DNA Sciences, Inc. -- http//www.adnas.com -- is a
biotechnology company developing technologies to produce and detect
deoxyribonucleic acid ("DNA").  Using the polymerase chain reaction
("PCR") to enable both the production and detection of DNA, the
Company operates in three primary business markets: (i) the
manufacture of synthetic DNA for use in nucleic acid-based
therapeutics; (ii) the detection of DNA in molecular diagnostics
testing services; and (iii) the manufacture and detection of DNA
for industrial supply chain security services.

Melville, NY-based Marcum LLP, the Company's auditor since 2014,
issued a "going concern" qualification in its report dated Dec. 7,
2023, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ARNOLD BROTHERS: Seeks Use of Cash Collateral
---------------------------------------------
Arnold Brothers Forest Products, Inc. asks the U.S. Bankruptcy
Court for the Eastern District of Oklahoma for authority to use
cash collateral and provide adequate protection.

The Debtor requires the use of cash collateral to pay operating
expenses consistent with the Debtor’s proposed cash collateral
budget, with a 15% variance.

Ameristate Bank; CHTD, Small Business Administration; CSC, Frost
Bank, Meridian Equipment Finance, LLC, and CT Corporation assert an
interest in the Debtor's cash collateral.

The Debtor believes the Secured Creditors are adequately protected
by the ongoing business operations and the income to be generated
throughout the pendency of Debtor’s bankruptcy case, and the
granting of a replacement lien to the extent of the Debtor’s use
of cash collateral. The replacement lien would be on all
post-petition assets in the same priority and to the same extent;
and validity as the Secured Creditors asserted their pre-petition
security interests.

A copy of the motion is available at https://urlcurt.com/u?l=OkuVFi
from PacerMonitor.com.

            About Arnold Brothers Forest Products, Inc.

Arnold Brothers Forest Products, Inc. operates a business making
packaging and selling cooking wood and other wood products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Okla. Case No. 24-80318) on April 30,
2024. In the petition signed by James Belcher, president, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Paul R. Thomas oversees the case.

Jeffery Barclay Potts, Esq., at Jeff Potts, represents the Debtor
as legal counsel.


ART & ARCHITECTURE: Jury Sentences Christmas Guilty of Embezzlement
-------------------------------------------------------------------
An internationally-known art dealer was found guilty by a jury of
embezzling more than $260,000 from the bankruptcy estate of Ace
Gallery Los Angeles, an art gallery located in Beverly Hills and
Los Angeles, while acting as the estate's trustee and custodian.

Douglas J. Chrismas, 80, of the Mid-Wilshire area of Los Angeles,
was found guilty of three counts of embezzlement against a
bankruptcy estate.

Chrismas was the president and CEO of Art and Architecture Books of
the 21st Century, which did business as Ace Gallery and had offices
located in the Miracle Mile area of Los Angeles as well as in
Beverly Hills.

According to evidence presented at a four-day trial, in February
2013, Ace Gallery filed a Chapter 11 bankruptcy petition in Los
Angeles and continued to operate while in bankruptcy with Chrismas
acting as its fiduciary and trustee. Chrismas remained in control
over Ace Gallery until April 2016, when the bankrutpcy court
appointed an independent trustee to run Ace Gallery's bankruptcy
estate and Chrismas was removed.

In late March and early April of 2016, Chrismas embezzled
approximately $264,595 that belonged to the Ace Gallery bankruptcy
estate, including a $50,000 check that Chrismas signed, was drawn
against the estate, and was paid to Ace Museum, a separate
non-profit corporation that Chrismas owned and controlled.

Chrismas also embezzled $100,000 owed to Ace Gallery by a third
party for the purchase of artwork. Instead, the funds were paid –
at his direction – to Ace Museum. Finally, Chrismas embezzled
approximately $114,595 owed to the gallery by a third party that
purchased artwork, but which Chrismas instead had paid to Ace
Museum's landlord to keep current with its $225,000 monthly rent.

United States District Judge Mark C. Scarsi scheduled a September
9, 2024 sentencing hearing, at which time Chrismas will face a
statutory maximum sentence of five years in federal prison for each
count.

The FBI's Art Crime Team investigated this matter.

Assistant United States Attorneys Valerie L. Makarewicz of the
Major Frauds Section and David W. Williams of the Criminal Appeals
Section are prosecuting this case.

                     About Art and Architecture

Art and Architecture Books of the 21st Century, dba Ace Gallery,
filed for a voluntary Chapter 11 petition on Feb. 19, 2013, in the
U.S. Bankruptcy Court for the Central District of California, Case
No. 13-14135. The petition was signed by Douglas Chrismas,
president. Judge Robert Kwan oversees the case. Joseph A.
Eisenberg, Esq., at Jeffer Mangels Butler & Mitchell LLP, serves as
counsel. The Debtor reported $1 million to $10 million in assets
and $10 million to $50 million in debt.



ASENSUS SURGICAL: Delays 2024 Annual Meeting Amid Merger Plans
--------------------------------------------------------------
Asensus Surgical, Inc. disclosed in a Form 8-K Report filed with
the U.S. Securities and Exchange Commission that in connection with
the 2023 Annual Meeting of Stockholders of Asensus Surgical, Inc.,
held on June 6, 2023, the related proxy statement informed
stockholders wishing to submit a nomination for a director
candidate, or a proposal for inclusion in the Company's proxy
statement for its 2024 Annual Meeting of Stockholders, of the
various dates by which such proposals or nominations needed to be
delivered to the Company. Such dates were based on an assumption
that the 2024 Annual Meeting would be held in June 2024.

The Company is uncertain, at this time, as to when the 2024 Annual
Meeting will be scheduled. It is currently continuing to pursue the
negotiation of a possible merger transaction outlined in a
non-binding letter of intent dated March 28, 2024 by and between
the Company and KARL STORZ SE & Co. KG. While the Company cannot
provide any information as to whether or not a definitive merger
agreement will be signed by the parties, or, if signed, the
definitive transaction will be consummated, the Company has
determined it is best to postpone the 2024 Annual Meeting at this
time. When a date is established for the 2024 Annual Meeting, if
needed, the Company will file a Current Report on Form 8-K to
announce the date of such meeting as well as new dates for the
submission of stockholder proposals and/or director nominations
intended to be considered for inclusion in the Company's proxy
materials for such 2024 Annual Meeting.

                      About Asensus Surgical

Durham, N.C.-based Asensus Surgical, Inc. is a medical device
company that is digitizing the interface between the surgeon and
patient to pioneer a new era of surgery, that it refers to as
Performance-Guided Surgery, or PGS, by unlocking clinical
intelligence to enable surgeons to deliver consistently superior
outcomes to patients.

As of March 31, 2024, the Company has $40.8 million in total
assets, $27.8 million in total liabilities, and a total
stockholders' equity of $13 million.

Raleigh, N.C.-based BDO USA PC, the Company's auditor since 2013,
issued a "going concern" qualification in its report dated March
21, 2024, citing the Company has suffered recurring losses from
operations and has not generated positive cash flows from
operations which raise substantial doubt about its ability to
continue as a going concern.


ASHFORD HOSPITALITY: Closes Courtyard Sale, Plans $87M Resort Sale
------------------------------------------------------------------
Ashford Hospitality Trust, Inc. has closed on the sale of the
90-room Courtyard located in Manchester, Connecticut for $8
million. The property was encumbered with a mortgage loan that had
an outstanding balance of approximately $5.6 million. All remaining
proceeds from the sale will be used for general corporate purposes,
including the pay down of the Company's strategic financing.

The Company also announced that it has signed a definitive
agreement to sell the 193-room One Ocean Resort located in Atlantic
Beach, Florida for $87 million ($451,000 per key). The sale is
expected to be completed in June and is subject to normal closing
conditions. The Company provides no assurances that the sale will
be completed on these terms or at all. All proceeds from the
planned sale are expected to be used for general corporate
purposes, including the pay down of the Company's strategic
financing.

"We are pleased to announce the sale of the Courtyard Manchester
and the planned sale of the One Ocean Resort," commented Rob Hays,
Ashford Trust's President and Chief Executive Officer. "We have
made significant progress on our deleveraging plan, and the
remaining balance on our strategic financing is currently $102
million. We continue to have several assets in the market at
various stages of the sales process and look forward to providing
more updates in the coming weeks."

                     About Ashford Hospitality

Headquartered in Dallas, Texas, Ashford Hospitality Trust, Inc.
operates as a self-advised real estate investment trust focusing on
the lodging industry.  As of March 31, 2024, the Trust had $3.54
billion in total assets against $3.67 billion in total
liabilities.

                           *     *     *

Egan-Jones Ratings Company, on May 5, 2023, maintained its 'CCC+'
foreign currency and local currency senior unsecured ratings on
debt issued by Ashford Hospitality Trust, Inc.

On March 1, 2024, the Company received notice that the hotel
properties securing the KEYS Pool A and KEYS Pool B loans have been
transferred to a court-appointed receiver.

On March 6, 2024, the Company sold the Residence Inn Salt Lake City
in Salt Lake City, Utah for $19.2 million in cash.


ASHFORD HOSPITALITY: Three Proposals Passed at Annual Meeting
-------------------------------------------------------------
Ashford Hospitality Trust, Inc. disclosed in a Form 8-K filed with
the Securities and Exchange Commission that an annual meeting of
shareholders was held on May 14, 2024, at which the shareholders
elected the following nominees as directors to hold office until
the next annual meeting of shareholders:

     * Amish Gupta
     * J. Robison Hays, III
     * David W. Johnson
     * Frederick J. Kleisner
     * Sheri L. Pantermuehl
     * Davinder "Sonny" Sra
     * Alan L. Tallis

The shareholders also approved, on an advisory basis, the Company's
executive compensation and ratified the appointment of BDO USA,
P.C., a national public accounting firm, as the Company's
independent auditor for the fiscal year ending December 31, 2024.

                     About Ashford Hospitality

Headquartered in Dallas, Texas, Ashford Hospitality Trust, Inc.
operates as a self-advised real estate investment trust focusing on
the lodging industry.  As of March 31, 2024, the Trust had $3.54
billion in total assets against $3.67 billion in total
liabilities.

                           *     *     *

Egan-Jones Ratings Company, on May 5, 2023, maintained its 'CCC+'
foreign currency and local currency senior unsecured ratings on
debt issued by Ashford Hospitality Trust, Inc.

On March 1, 2024, the Company received notice that the hotel
properties securing the KEYS Pool A and KEYS Pool B loans have been
transferred to a court-appointed receiver.

On March 6, 2024, the Company sold the Residence Inn Salt Lake City
in Salt Lake City, Utah for $19.2 million in cash.


ASTRA ACQUISITION: S&P Revises ICR to 'SD', On Watch Negative
-------------------------------------------------------------
S&P Global Ratings revised the issuer credit rating on Astra
Acquisition Corp. (d/b/a Anthology) to 'CCC' from 'SD'. S&P
assigned its 'CCC+' issue-level rating on the company's $140
million revolving credit facility and pro forma $410 million
tranche A first-lien debt.

S&P assigned its 'CC' issue-level rating on the company's $617
million tranche B first-lien debt.

S&P also placed the issuer credit rating and the rating on the
tranche B first-lien debt on CreditWatch with negative
implications.

The CreditWatch placement with negative implications follows the
company's plans to replace the existing second-lien term loan with
tranche C first-lien debt. Although there is uncertainty about the
priority of the tranche C first-lien debt, the CreditWatch
placement captures the risk that S&P may treat a potential future
debt exchange between tranche C first-lien and the second-lien debt
as a distressed debt exchange.

Anthology recently completed a debt exchange transaction that S&P
Global Ratings viewed as distressed exchange and revised the rating
to selective default 'SD'. Following the transaction, the company's
capital structure comprises a new $140 million first-out revolving
credit facility, a new first-out tranche A first-lien, a new
tranche B first-lien, and the existing second lien debt (issued as
part of the Anthology and Blackboard merger).

S&P said, "Although the new capital structure adds liquidity, we
still view Anthology to have limited financial flexibility over the
next two years. The new capital structure adds $250 million of new
money to the capital structure, thereby improving the company's
liquidity. Nonetheless, we expect Anthology to generate meaningful
negative free cash flow over the next 12 months, thereby resulting
in elevated risk of default over the next 12 to 24 months. We
project revenues to be flat in fiscal 2024 and fiscal 2025, with
free cash flow/debt of about negative 10% in fiscal 2024 and
negative 7% in fiscal 2025. Additional debt also increases interest
expense, which we project to be about $170 million over the next 12
months. Overall, although new liquidity is a positive, we believe
the capital structure is unsustainable without meaningful
improvement in cash flow generation, additional debt restructuring,
asset sale, or equity contributions."

New leadership is focused on improving profitability over the
longer term. The company has a new management team, which is
focused on improving retention, returning the business to growth,
optimizing the gross margin by exiting low value-added solutions,
unattractive geographic areas, and renegotiating existing
contracts. The company has embarked on a $70 million cost-savings
plan and expects total capital expenditures (capex) as a percent of
revenues to come down from about 50% in fiscal 2023 to 36% in
fiscal 2025. We view these to be aggressive targets but necessary
to avert default over the longer term.

S&P said, "We will resolve the CreditWatch placement once we have
clarity on the debt exchange between a proposed tranche C
first-lien debt tranche and the existing second-lien facility.
Although there is uncertainty about the priority of the tranche C
first-lien debt, the negative CreditWatch placement captures the
risk that we may treat a potential future debt exchange between
tranche C first-lien and the second-lien debt as a distressed debt
exchange. In order to resolve the CreditWatch placement, we would
try to ascertain the priority of the proposed tranche C first-lien
debt compared with the newly placed first-lien tranche B and the
existing second-lien term loan. Any potential haircut the
second-lien holders would take would also be an important
consideration when we resolve the CreditWatch placement."

CreditWatch

S&P will resolve the negative CreditWatch placement once it has
clarity on the debt exchange transaction involving the existing
second lien debt. Although the timeline of the potential debt
exchange is unknown, S&P expects it to occur within the next 12
months.



AURA SYSTEMS: Campbell Resigns as CFO; Interim Replacement Named
----------------------------------------------------------------
Aura Systems Inc. disclosed in a Form 8-K filed with the Securities
and Exchange Commission on June 12, 2024, that on June 5, 2024,
Gary Campbell resigned his role as chief financial officer of the
Company, effective immediately.  The Company said Mr. Campbell's
resignation was not due to any disagreement with the Company on any
matter relating to its operations, policies or practices.  The
Company has initiated an executive search to identify a chief
financial officer with the financial sophistication necessary to
help drive and execute on the Company's long-term strategic growth
plan.

In connection with Mr. Campbell's resignation, the Company's Board
appointed Flavia Di Nino as the Company's interim chief financial
officer, effective June 11, 2024, until a permanent replacement is
identified.  Ms. Di Nino is 56 years old and has 25 years of
experience with top Fortune 500 companies in Accounting and
Reporting, Finance, supporting Sales and Marketing, FP&A; US and
foreign GAAP, IFRS; Strategic Planning, Audit, SOX, Fraud,
Treasury, Forex, Supply Chain; ERP implementation: SAP, Oracle,
Hyperion; HFM; PeopleSoft; NetSuite.  Significant experience in
LATAM, EMEA, Asia Pac, Australia/NZ and North America.  There are
no arrangements or understandings between Fabia Di Nino and any
other persons pursuant to which she was selected as interim chief
financial officer.  There are no family relationships between Ms.
Nino and any director or executive officer of the Company, and
there are no related transactions between the Company and Fabia Di
Nino that would require disclosure under Item 404(a) of Regulations
S-K under the Securities Exchange Act of 1934, as amended.

                          About Aura Systems

Aura Systems Inc. is a Delaware corporation founded in 1987.  The
Company innovated and commercialized the technology for Axial Flux
Induction electric motors and generators.  Aura's axial flux
induction motor technology ("AAFIM") provides an industrial
solution that does not use any permanent magnets, no rare earth
elements, is smaller and lighter, uses significant less materials
(just copper and steel), very high efficiency, significantly less
copper, highly reliably, very robust, and no scheduled
maintenance.

Los Angeles, California-based Weinberg & Company, P.A., the
Company's auditor since 2022, issued a "going concern"
qualification in its report dated June 4, 2024, citing that during
the year ended Feb. 29, 2024, the Company incurred a net loss of
$4.2 million, used cash in operations of $3 million, and at Feb.
29, 2024, had a stockholders' deficit of $21.5 million.  In
addition, at Feb. 29, 2024, notes payable and related accrued
interest with an aggregate balance of $6.7 million have reached
maturity and are past due.  These matters raise substantial doubt
about the Company's ability to continue as a going concern.


AVINGER INC: Zylox Tonbridge, Jonathon Zhao Hold 49.9% Stake
------------------------------------------------------------
Zylox Tonbridge Medical Technology Co. Ltd., and Jonathon Zhong
Zhao disclosed in a Schedule 13D/A Report filed with the U.S.
Securities and Exchange Commission that as of March 5, 2024, they
beneficially owned 1,981,655 shares of Avinger Inc.'s common stock
representing 49.9% of the shares outstanding.

The shares of Common Stock include 75,327 shares of Common Stock
issued and 1,906,328 shares issuable upon the conversion from 6,985
shares of Series F Preferred Stock. The total number of Series F
Preferred Stock issued is 7,224 shares which is initially
convertible into 1,971,616 shares of Common Stock, however, cannot
be converted into Common Stock if the holder would beneficially own
in excess of 49.9% of the Issuer voting power, after approved by
the Issuer stockholders.

A full-text copy of the Zylox Tonbridge's is available at
https://tinyurl.com/39swu4w5

                         About Avinger

Headquartered in Redwood City, Calif., Avinger, Inc. --
http://www.avinger.com-- is a commercial-stage medical device
company that designs and develops image-guided, catheter-based
system for the diagnosis and treatment of patients with Peripheral
Artery Disease (PAD).  The Company designs, manufactures, and sells
suite of products in the United States and select international
markets.

As of December 31, 2023, the Company has $13.8 million in total
assets, $20 million in total liabilities, and $6.2 million in total
stockholders' deficit.

San Francisco, Calif.-based Moss Adams LLP, the Company's auditor
since 2017, issued a "going concern" qualification in its report
dated March 20, 2024, citing that the Company's recurring losses
from operations and its need for additional capital raise
substantial doubt about its ability to continue as a going concern.


AVISON SECOND: MetWest FRI Marks $465,771 Loan at 20% Off
---------------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$465,771 loan extended to Avison Second Out to market at $372,617
or 80% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in MetWest Fund's Form N-CSR for the
Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a Term Loan (SOFR
plus 8.26%) to Avison Second Out. The loan accrues interest at a
rate of 13.58% per annum. The loan matures on March 12, 2029.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000       
   
Avison Young (Canada) Inc. provides real estate services. The
Company offers consulting, advisory, lease administration,
investment and asset management, and mortgage services. Avison
Young (Canada) serves customers worldwide.


AVISON THIRD: MetWest FRI Marks $500,000 Loan at 32% Off
--------------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$500,000 loan extended to Avison Third Out to market at $337,500 or
68% of the outstanding amount, as of March 31, 2024, according to a
disclosure contained in MetWest Fund's Form N-CSR for the Fiscal
year ended March 31, 2024, filed with the Securities and Exchange
Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a Term Loan (SOFR
plus 8.26%) to Avison Third Out. The loan accrues interest at a
rate of 13.58% per annum. The loan matures on March 12, 2029.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000
     
Avison Young (Canada) Inc. provides real estate services. The
Company offers consulting, advisory, lease administration,
investment and asset management, and mortgage services. Avison
Young (Canada) serves customers worldwide.


BEECH TREE: Court OKs Cash Collateral Access Thru July 2
--------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Pennsylvania
authorized Beech Tree Trading, LLC d/b/a Lancaster County Vending
to use cash collateral, on an interim basis, through the date of
the final hearing set for July 2, 2024 at 9:30 a.m.

The Debtor is permitted to pay regular, post-Petition expenses,
including any fees owed to the Office of the U.S. Trustee and
allowed fees and costs to professionals.

The U.S. Small Business Administration, SellersFunding Corp.,
Amazon Capital Services, Inc., Federal Finance Plan and Merchant
Capital Companies are granted replacement liens in the Debtor's
post-Petition cash collateral consisting of receivables, cash and
the proceeds thereof, and in all assets of the Debtor.

To the extent such liens exist and in such priority as exists
pre-Petition, to the extent there is a diminution in value of the
SBA's, SellersFunding's, Amazon's, FFP's and the MCCs'
post-Petition Cash Collateral position. Such liens will be
perfected and effective without any further recordation action and
such liens will survive conversion of the case or appointment of a
Trustee in the case.

In the event that postPetition Cash Collateral is insufficient to
provide an amount equal to such diminution, then the SBA,
SellersFunding, Amazon, FFP and the MCCs will have super priority
status and have an administrative claims having priority over all
other administrative claims, including those set forth in 11
U.S.C> sections 503(b) or 507(a) except for amounts owed for
fees to professionals in the case and fees to the U.S. Trustee’s
Office, which fees will be pari passu with the SBA's,
SellersFunding's, Amazon's, FFP's and the MCCs' administrative
claims.

A copy of the order is available at https://urlcurt.com/u?l=5O4Ada
from PacerMonitor.com.

                 About Beech Tree Trading, LLC

Beech Tree Trading, LLC is engaged in the operations of a candy
store and vending machines.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Pa. Case No. 1:24-bk-01269) on May 22,
2024. In the petition signed by Christine Gable, member, the Debtor
disclosed up to $500,000 in both assets and liabilities.

Judge Henry W. Van Eck oversees the case.

Robert E. Chernicoff, Esq., at Cunningham, Chemicoff & Warahawsky
PC, represents the Debtor as legal counsel.


BIOXCEL THERAPEUTICS: All Seven Proposals Passed at Annual Meeting
------------------------------------------------------------------
BioXcel Therapeutics, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on June 10, 2024, it held
its 2024 annual meeting of stockholders at which the stockholders:

   (1) elected Vimal Mehta, Ph.D. and Peter Mueller, Ph.D. as
       Class III directors for a term of office expiring on the
date
       of the annual meeting of stockholders in 2027 and until
their
       respective successors have been duly elected and qualified;

   (2) ratified the appointment of Ernst & Young LLP as the
       Company's independent registered public accounting firm for
       the year ending Dec. 31, 2024;

   (3) approved, on an advisory (non-binding) basis, the
       compensation of the Company's named executive officers;

   (4) approved, on an advisory (non-binding) basis, the yearly
       frequency of future Say-on-Pay Votes;

   (5) approved an amendment to the Company's Certificate of
       Incorporation, as amended, to increase the number of
       authorized shares of the Company's common stock from
       100,000,000 to 200,000,000.

   (6) approved an amendment to the Company's Certificate of
       Incorporation, as amended, to provide for exculpation of
       officers to the extent permitted by the General Corporation
       Law of the State of Delaware; and

   (7) approved an adjournment of the Annual Meeting to solicit
       additional proxies if there are not sufficient votes at the

       time of the Annual Meeting to approve Proposal Nos. 5
and/or
       6.

In light of these results on the frequency of the future Say-on-Pay
Votes, which are consistent with the Board's recommendation, the
Company has determined to hold an advisory (non-binding) vote on
executive compensation each year until such time as the next
advisory (non-binding) vote regarding the frequency of advisory
(non-binding) votes on executive compensation is submitted to the
Company's stockholders.

                 About BioXcel Therapeutics, Inc.

Headquartered in New Haven CT, BioXcel Therapeutics, Inc. is a
biopharmaceutical company utilizing artificial intelligence to
develop transformative medicines in neuroscience and, through the
Company's wholly owned subsidiary, OnkosXcel Therapeutics LLC,
immuno-oncology.  The Company employs various AI platforms to
reduce therapeutic development costs and potentially accelerate
development timelines.

Stamford, Connecticut-based Ernst & Young LLP, the Company's
auditor since 2021, issued a "going concern" qualification in its
report dated March 22, 2024, citing that the Company has suffered
recurring losses from operations, has used significant cash in
operations and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.


BLD REALTY: Starts Chapter 11 Bankruptcy Proceeding
---------------------------------------------------
BLD Realty LLC filed for chapter 11 protection in the Northern
District of Texas. According to court documents, the Debtor reports
between $500,000 and $1 million in debt owed to 1 and 49 creditors.


A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
July 8, 2024 at 9:00 a.m. in Room Telephonically.

                      About BLD Realty LLC

BLD Realty LLC is a Single Asset Real Estate (as defined in 11
U.S.C. § 101(51B).

BLD Realty LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bank. N.D. Tex. Case No. 24-31610) on June 3,
2024. In the petition filed by Lubna Bilal, as owner, the Debtor
reports estimated assets and liabilities between $500,000 and $1
million.

The Debtor is represented by:

     Ikenna Emeruem, Esq.
     Law Office of Ikenna O. Emeruem
     910 W OMEGA ST
     Henrietta, TX 76365


BLUM HOLDINGS: Peoples Vape Evicted for Non-Payment of Rent
-----------------------------------------------------------
Blum Holdings, Inc. announced June 12, 2024, the successful outcome
in the unlawful detainer action brought by Unrivaled Brands, Inc.'s
then subsidiary People's First Choice, LLC ("Blum Santa Ana")
against Peoples Vape, LLC, formerly known as PF-People's Grand TC,
LLC, a subsidiary of People's California.  On June 6, 2024, the
Court issued a Minute Order ordering Blum Santa Ana to obtain a
writ of possession for the premises and cancel People's Vape's
rental agreement.  The Court also allows Blum Santa Ana to obtain a
money judgment against People's Vape resulting from People Vape's
failure to pay rent since at least March 2023.

The Court found that People's Vape's Managing Member, Bernard
Steimann, who is also the founder and majority owner of People's
California, executed a settlement agreement with Unrivaled that
validly amended People's Vape's sublease and increased the rent to
$9,321 per month.  But, People's Vape failed to pay any rent.  On
Jan. 25, 2024, Blum Santa Ana served People's with a Three-Day
Notice to Pay Rent or Quit, demanding $102,530, or 11 months, in
unpaid rent.  People's failed to comply.

In an effort to defend the case, People's Vape claimed, among other
things, that, even though Mr. Steimann controls both People's
California and People's Vape, the settlement did not require
People's Vape to pay rent, that Blum Santa Ana had failed to
execute an amended lease, and that Blum Santa Ana had refused a
tender of rent.  The Court found that "none of the affirmative
defenses raised by People's Vape have any merit."  In addition to
cancelling People's Vape's rental agreement and ordering a writ of
possession, the court awarded Blum Santa Ana $102,530 in rent due,
$34,487 in holdover damages, and costs of suit amounting to $435.
Blum Santa Ana was also entitled to seek attorney's fees.  The
Court's June 6, 2024 Minute Order was issued days before Unrivaled
agreed to not enforce the Minute Order and People's Vape agreed to
vacate the premises pursuant a separate agreement.

People's Vape is a subsidiary of People's California whose managing
members include Frank Kavanaugh, CEO of Medalist Diversified REIT,
Inc. ("MDRR"), Bernard Steinmann, managing member of People's
California, and Jay Yadon of New Patriot Holdings.  People's was
represented by Deron Colby of Janus Capital Law Firm and Blum Santa
Ana was represented by Roger Scott of Buchalter law firm.

People's First Choice, owner and operator of a dispensary in Orange
County, California, is a subsidiary of Blum Holdings.
   
                         About Blum Holdings

Headquartered in Santa Ana, California, Blum Holdings, Inc. --
www.blumholdings.com -- is a cannabis company with operations in
retail and distribution throughout California, with an emphasis on
providing the highest quality of medical and adult use cannabis
products.  The Company is home to Korova, a brand of high potency
products across multiple product categories, currently available in
California.  The Company operates Blum OC, a premier cannabis
dispensary in Orange County, California.  The Company also owns
dispensaries in California which operate as The Spot in Santa Ana,
Blum in Oakland, and Blum in San Leandro.

Costa Mesa, California-based Marcum LLP, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated April 15, 2024, citing that the Company has a significant
working capital deficiency, has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.



BURGERFI INT'L: Closes Restaurant Chains, Might File Bankruptcy
---------------------------------------------------------------
Dave Basner of iHeart reports that the long list of restaurant
chains closing locations due to financial reasons keeps growing.
Now, joining the likes of Red Lobster, Pizza Hut, Boston Market,
TGI Fridays, Popeyes, Tijuana Flats, Cracker Barrel and Applebee's
in shuttering locations, is national burger chain BurgerFi, and
also like some other companies, they might also be filing for
bankruptcy soon.

The chain which now has 120 locations across the country, closed
eight restaurants recently as part of an effort to boost
efficiency. The move follows 14 other locations closing last year.
In an earnings call, the company explained, "We continue to
evaluate our portfolio with a close look at cash flow and
profitability."

The company has been struggling recently. In April, they defaulted
on their credit agreement and in January, their stock was delisted
from NASDAQ. In a press release, they stated that there are
"several key initiatives with the goal of enhancing the company's
prospects and ensuring stable management as the company goes
through the process of reviewing strategic alternatives." However,
they added that "there can be no assurance, however, that the
strategic review process will result in an outcome favorable to the
company or its stakeholders."

Essentially, the company may need to declare bankruptcy, and
they've filed documents with the SEC explaining that bankruptcy is
a possible outcome. As of now, there is no official word on if more
closings or a bankruptcy are in BurgerFi's future.

                        About BurgerFi

Headquartered in Fort Lauderdale, FL, BurgerFi International, Inc.
is a multi-brand restaurant company that develops, markets and
acquires fast-casual and premium-casual dining restaurant concepts
around the world, including corporate-owned stores and franchises.

Miami, Florida-based KPMG LLP, the Company's auditor since 2022,
issued a "going concern" qualification in its report dated April
10, 2024, citing that the Company was not in compliance with the
minimum liquidity requirement of its credit agreement, which
constitutes a breach of the credit agreement and an event of
default that raises substantial doubt about its ability to continue
as a going concern.



CALAMP CORP: Appoints Jill Frizzley to Board of Directors
---------------------------------------------------------
CalAmp Corp. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that on May 22, 2024, Jill
Frizzley was appointed to the Company's Board of Directors. Ms.
Frizzley was appointed to serve for a term expiring at the
Company's 2024 annual meeting of stockholders and until her
successor is duly elected and qualified or until her earlier death,
resignation or removal. The Board has determined that Ms. Frizzley
qualifies as an independent director.

Ms. Frizzley currently serves as President of Wildrose Partners,
LLC, an independent consulting company providing governance and
related advisory services to corporations, a position she has held
since 2019. Ms. Frizzley served as Counsel in the Business Finance
& Restructuring Group at Weil, Gotshal & Manges LLP from 2016-2019,
and previously practiced in the Business Finance Group at Shearman
& Sterling LLP from 2000-2016. Ms. Frizzley has served as a
director on numerous public and private boards of directors.

In connection with her appointment to the Board, Ms. Frizzley and
the Company entered into an Independent Director Agreement, dated
as of May 22, 2024, pursuant to which Ms. Frizzley agreed to serve
as a director of the Company. The Independent Director Agreement
provides for a monthly fee of $35,000, without proration. This
compensation is in lieu of the compensation Ms. Frizzley would
otherwise be eligible to receive under the Company's compensation
program for non-employee directors.

The Board further approved the appointment of Ms. Frizzley to serve
as the sole member of a special committee. The purpose of this
Special Committee is to investigate, review, and evaluate any
matters of conflict, including (a) certain rights, authority, and
powers in connection with any matters pertaining to any claims or
causes of action of the Company in which a conflict of interest
exists or is reasonably likely to exist between the Company; and
(b) the tasks of reviewing, negotiating, evaluating, opposing,
prosecuting, litigating, proposing, approving and/or entering into
settlement terms and conditions in response to, arising from, in
connection with or related to the Conflict Matters. Ms. Frizzley's
appointment to the Special Committee was based upon the Board
determination that she has no interest in any Conflict Matters and
does not possess any material business, close personal
relationships, or other affiliations, or any history of any such
material business, close personal relationships, or other
affiliations, with the Company or any of its equity holders,
affiliates, directors, managers, officers, or other stakeholders
that would cause her to be unable to exercise independent judgment
based on the best interests of the Company or make decisions and
carry out her responsibilities as a member of the Board.

                        About CalAmp Corp.

CalAmp (Nasdaq: CAMP) provides flexible solutions to help
organizations worldwide monitor, track and protect their vital
assets. Its unique device-enabled software and cloud platform
enables commercial and government organizations worldwide to
improve efficiency, safety, visibility and compliance while
accommodating the unique ways they do business. With over 10
million active edge devices and 275+ approved or pending patents,
CalAmp is the telematics leader organizations turn to for
innovation and dependability. On the Web: http://www.calamp.com/  

On June 3, 2024, CalAmp Corp. and affiliates CalAmp Wireless
Network Corporation, LoJack Global LLC, and Synovia Solutions, LLC
filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 24-11136).
The Honorable Laurie Selber Silverstein is the case judge.

CalAmp reported $281 million in assets and $355 million in
liabilities as of the bankruptcy filing. The Debtors have $275
million of funded debt obligations, specifically $45 million in
term loans and $230 million in secured notes.

The Debtors tapped Potter Anderson & Corroon as lead bankruptcy
counsel, Bradley Arant Boult Cummings as special counsel,
Oppenheimer & Co. Inc. as financial advisor, and Stretto as claims
agent.


CALAMP CORP: Faces Nasdaq Delisting Following Chapter 11 Filing
---------------------------------------------------------------
CalAmp Corp. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that on June 3, 2024, the
Company was notified that The Nasdaq Stock Market LLC had
determined that, as a result of the Chapter 11 Case and in
accordance with Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1,
it would be delisting the Company.

As previously announced, on June 3, 2024, CalAmp Corp. and certain
of its subsidiaries filed a voluntary petition in the United States
Bankruptcy Court for the District of Delaware for relief under
chapter 11 of title 11 of the United States Code.

The Company does not intend to appeal this determination and
cautions that trading in its securities during the pendency of the
Chapter 11 Case 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 of the
Company's securities in the Chapter 11 Case. In particular, the
Company believes that its equity holders could experience a
complete loss on their investment, depending on the outcome of the
Chapter 11 Case.

                        About CalAmp Corp.

CalAmp (Nasdaq: CAMP) provides flexible solutions to help
organizations worldwide monitor, track and protect their vital
assets. Its unique device-enabled software and cloud platform
enables commercial and government organizations worldwide to
improve efficiency, safety, visibility and compliance while
accommodating the unique ways they do business. With over 10
million active edge devices and 275+ approved or pending patents,
CalAmp is the telematics leader organizations turn to for
innovation and dependability. On the Web: http://www.calamp.com/  

On June 3, 2024, CalAmp Corp. and affiliates CalAmp Wireless
Network Corporation, LoJack Global LLC, and Synovia Solutions, LLC
filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 24-11136).
The Honorable Laurie Selber Silverstein is the case judge.

CalAmp reported $281 million in assets and $355 million in
liabilities as of the bankruptcy filing. The Debtors have $275
million of funded debt obligations, specifically $45 million in
term loans and $230 million in secured notes.

The Debtors tapped Potter Anderson & Corroon as lead bankruptcy
counsel, Bradley Arant Boult Cummings as special counsel,
Oppenheimer & Co. Inc. as financial advisor, and Stretto as claims
agent.


CALAMP CORP: Goes Private in Restructuring Deal With Lynrock
------------------------------------------------------------
CalAmp Corp. announced that it has entered into a Restructuring
Support Agreement with its principal secured lender, Lynrock Lake
Master Fund LP, which will become the principal equity owner of the
Company and take the Company private.

In a strategic move that strengthens its financial position, CalAmp
intends to exchange the approximately $229 million of Convertible
Senior Secured Notes held by Lynrock into equity interests in the
reorganized company. During the financial restructuring, CalAmp's
U.S. and international operations will continue without disruption,
and partners will be paid in the ordinary course of business.

To most efficiently complete the go-private transaction, CalAmp has
voluntarily initiated proceedings under Chapter 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for
the District of Delaware. CalAmp enters this process with the
strong support of Lynrock who has conveyed confidence in the
Company's long-term strategy and future growth prospects.
Importantly, the RSA provides a roadmap for the Company to quickly
navigate through this process following court approval of its
prepackaged restructuring plan.

"The savings from eliminating the interest on the debt and the
overhead of being a public company will allow us to invest more
significantly in the numerous opportunities we see to support our
customers' needs," said Chris Adams, President and Chief Executive
Officer of CalAmp.

CalAmp is dedicated to emerging promptly from this process with a
healthy balance sheet and strong cash flow generation that will
enable it to be a stronger business partner.

                        About CalAmp Corp.

CalAmp (Nasdaq: CAMP) provides flexible solutions to help
organizations worldwide monitor, track and protect their vital
assets. Its unique device-enabled software and cloud platform
enables commercial and government organizations worldwide to
improve efficiency, safety, visibility and compliance while
accommodating the unique ways they do business. With over 10
million active edge devices and 275+ approved or pending patents,
CalAmp is the telematics leader organizations turn to for
innovation and dependability. On the Web: http://www.calamp.com/  

On June 3, 2024, CalAmp Corp. and affiliates CalAmp Wireless
Network Corporation, LoJack Global LLC, and Synovia Solutions, LLC
filed Chapter 11 petitions (Bankr. D. Del. Lead Case No. 24-11136).
The Honorable Laurie Selber Silverstein is the case judge.

CalAmp reported $281 million in assets and $355 million in
liabilities as of the bankruptcy filing. The Debtors have $275
million of funded debt obligations, specifically $45 million in
term loans and $230 million in secured notes.

The Debtors tapped Potter Anderson & Corroon as lead bankruptcy
counsel, Bradley Arant Boult Cummings as special counsel,
Oppenheimer & Co. Inc. as financial advisor, and Stretto as claims
agent.


CANDLE DELIRIUM: Wins Interim Cash Collateral Access
----------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division, authorized Candle Delirium Inc. to use cash
collateral, on an interim basis, in accordance with the budget,
with a 15% variance, through July 16, 2024.

Specifically, the Debtor is permitted to use cash collateral for
payment of the ordinary and necessary post-petition expenses as set
forth in the budget, except that any unpaid and/or postpetition
wages to be paid to Debtor's principal Anthony Carro, Jr. and
consultant Brice Oates will only be approved upon completion of the
U.S. Trustee notice procedures for approval of payment of insider
compensation.

As adequate protection, retroactive to the Petition Date, U.S.
Small Business Administration and NewTek Small Business Financing,
LLC will receive replacement lien(s) that are deemed valid,
binding, enforceable, non-avoidable, and automatically perfected,
effective as of the Petition Date, on all of the Debtor's
post-petition assets or interests in assets acquired on or after
the Petition Date to the same scope, extent, priority and validity
that the SBA and NewTek’s lien attached to the Debtor’s
Collateral as of the Petition Date The scope of the Replacement
Liens are limited to the amount (if any) that the cash collateral
diminishes postpetition as a result of the Debtor’s post-petition
use of the cash collateral.

As additional adequate protection to the SBA, the Debtor will remit
adequate protection payments to the SBA in the amount of $1,000 per
month, with the first payment to be paid on or before June 10,
2024.

The Replacement Liens granted on the Debtor’s post-petition
collateral will be valid, perfected and enforceable security
interest and liens on the property of the Debtor and the Debtor's
estate without further filing or recording of any document or
instrument or any other action, to the extent that SBA and NewTek
have valid and perfected security interests prior to the Petition
Date.

A final hearing on the matter is set for July 16 at 11 a.m.

A copy of the order is available at https://urlcurt.com/u?l=5CBqAc
from PacerMonitor.com.

                  About Candle Delirium, Inc.

Candle Delirium, Inc. is a retailer of luxury candles and home
fragrance products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-14453) on June 4,
2024. In the petition signed by Anthony Carro, Jr., chief executive
officer, the Debtor disclosed $422,709 in assets and $3,398,539 in
liabilities.

Jeffrey S. Shinbrot, Esq., at JEFFREY S. SHINBROT, APLC, represents
the Debtor as legal counsel.


CARDIFF LEXINGTON: Signs Settlement & Release Agreement With GHS
----------------------------------------------------------------
Cardiff Lexington Corporation disclosed in a Form 8-K filed with
the Securities and Exchange Commission that on June 11, 2024, the
Company entered into a settlement agreement and release of claims
with GHS Investments, LLC, pursuant to which GHS agreed to
terminate the Transaction Agreements and cancel the Shares and the
Notes in exchange for a new Fixed Amount Settlement Promissory Note
in the principal amount of $535,000.  The Settlement Agreement
contains customary representations and warranties for a transaction
of this type, as well as a customary mutual release of claims by
the Company and GHS.

The New Note does not bear interest and requires fixed payments as
follows: (i) if the Company raises at least $5 million but less
than $6 million in its planned underwritten public offering, then
it must pay $250,000 on the closing date of the Offering, with
payments of $125,000, $125,000 and $35,000 to follow on the 90th,
180th, and 240th days following the closing of the Offering,
respectively; (ii) if the Company raises at least $6 million but
less than $7 million in the Offering, then it must pay $390,000 on
the closing date of the Offering and $145,000 on the 90th day
following the closing of the Offering; and (iii) if the Company
raises at least $7 million in the Offering, then it must repay the
entire principal amount on the closing date of the Offering.  If
the Offering is not completed by Aug. 15, 2024, then the Company is
required to pay $25,000 on such date and to continue making
payments of $25,000 on each monthly anniversary thereof until the
entire principal amount is repaid in full.  If the Offering is
completed after Aug. 15, 2024, then the Company is required to make
payments as described in the schedule above.  Notwithstanding the
foregoing, if the Company abandons the Offering and conducts a new
public offering thereafter, then the Company is required to make a
payment of $100,000 on the closing date of such other public
offering, a second payment of $100,000 on the 90th day following
the closing of such offering and $35,000 each month thereafter
until the entire principal amount is repaid in full.  If any
portion of the principal amount remains unpaid on the second
anniversary of the date of the New Note, it shall become
immediately due and payable on such date.  The Company may prepay
the entire principal amount at any time without penalty.  The New
Note is unsecured and contains customary events of default for a
loan of this type. Upon an event of default, interest shall
automatically begin to accrue at a simple interest rate of 10% per
annum.

As previously disclosed, on Nov. 19, 2019, Cardiff Lexington
entered into a securities purchase agreement with GHS, pursuant to
which GHS purchased 165 shares of the Company's series R
convertible preferred stock.  In addition, on Nov. 8, 2019, the
Company issued an 8% Convertible Secured Redeemable Note Due Nov.
8, 2020 to GHS and on Sept. 3, 2020, the Company issued a Senior
Secured Convertible Promissory Note to GHS.

A full-text copy of the Settlement Agreement is available for free
at:

https://www.sec.gov/Archives/edgar/data/811222/000168316824004119/cardiff_ex1001.htm

                        About Cardiff Lexington

Headquartered in Las Vegas, Nevada, Cardiff Lexington Corporation
is an acquisition holding company focused on locating undervalued
and undercapitalized companies, primarily in the healthcare
industry, and providing them capitalization and leadership to
maximize the value and potential of their private enterprises while
also providing diversification and risk mitigation for its
stockholders.

Jericho, New York-based Grassi & Co., CPAs, PC, the Company's
auditor since 2022, issued a "going concern" qualification in its
report dated March 27, 2024, citing that the Company has sustained
an accumulated deficit and negative cash flows from operations,
which raise substantial doubt about its ability to continue as a
going concern.


CASTLE US: MetWest FRI Marks $966,667 Loan at 29% Off
-----------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$966,667 loan extended to Castle U.S. Holding Corp to market at
$684,434 or 71% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a First Lien Term
Loan B (SOFR plus 4.01%) to Castle U.S. Holding Corp. The loan
accrues interest at a rate of 9.35% per annum. The loan matures on
January 29, 2027.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000

      
Castle US Holding Corporation provides database tools and software
to public relations and communications professionals.


CBDMD INC: Receives Noncompliance Notice From NYSE American
-----------------------------------------------------------
cbdMD, Inc. announced June 7, 2024, that it received a notice from
the NYSE American LLC dated June 5, 2024, notifying the Company
that it is no longer in compliance with NYSE American continued
listing standards.  Specifically, the letter states that the
Company is not in compliance with the continued listing standard
set forth in Section 1003(a)(ii) of the NYSE American Company
Guide.  Section 1003(a)(ii) requires a listed company to have
stockholders' equity of $4 million or more if the listed company
has reported losses from continuing operations and/or net losses in
three of its four most recent fiscal year.  The Company reported
stockholders' equity of $3.1 million as of March 31, 2024, and
losses from continuing operations and/or net losses in three of its
four most recent fiscal years ended Sept. 30, 2023.  The Notice
further provides that the Company must submit a plan of compliance
by July 5, 2024 addressing how it intends to regain compliance with
the continued listing standards by Dec. 5, 2025.

The Notice has no immediate impact on the listing of the Company's
shares of common stock or Series A Preferred Stock, which will
continue to be listed and traded on the NYSE American during the
Plan period, subject to the Company's compliance with the other
listing requirements of the NYSE American.  The Common Stock and
Preferred Stock will continue to trade under the symbol "YCBD" and
"YCBD-PA", respectively, but will have an added designation of "BC"
to indicate the status of the Common Stock and Preferred Stock as
"below compliance".  The Notice does not affect the Company's
ongoing business operations or its reporting requirements with the
Securities and Exchange Commission.

The Company has begun to prepare its Plan for submission to the
NYSE American by the July 5, 2024 deadline.  If the NYSE American
accepts the Plan, the Company will be able to continue its listing
during the Plan period and will be subject to continued periodic
review by the NYSE American staff.  If the Plan is not submitted,
or not accepted, or is accepted but the Company is not in
compliance with the continued listing standards by Dec. 5, 2025 or
if the Company does not make progress consistent with the Plan
during the Plan period, the Company will be subject to delisting
procedures as set forth in the NYSE American Company Guide.

The Company said it is focused on achieving positive net income and
has already announced significant cost reductions that will be in
place by August 2024.  The Company is committed to undertaking a
transaction or transactions in the future to achieve compliance
with the NYSE American's requirements, including but not limited to
seeking shareholder approval to convert the Preferred Stock and its
accrued dividend, a liability totaling $2.7 million on March 31,
2024. Under certain Preferred Stock conversion proposals, the
accrued dividend would move to equity and increase the Company's
stockholder equity.  However, there can be no assurance that the
Company will be able to achieve compliance with the NYSE American's
continued listing standards within the required timeframe.

                          About cbdMD, Inc.

Headquartered in Charlotte, NC, cbdMD, Inc. -- www.cbdmd.com --
owns and operates the nationally recognized CBD (cannabidiol)
brands cbdMD, Paw CBD and cbdMD Botanicals.  Its mission is to
enhance its customer's overall quality of life while bringing CBD
education, awareness and accessibility of high quality and
effective products to all.  The Company sources cannabinoids,
including CBD, which are extracted from non-GMO hemp grown on farms
in the United States.

Charlotte, North Carolina-based Cherry Bekaert LLP, the Company's
auditor since 2016, issued a "going concern" qualification in its
report dated Dec. 22, 2023, citing that the Company has
historically incurred losses, including a net loss of approximately
[$23 million] in the current year, resulting in an accumulated
deficit of approximately $174 million as of Sept. 30, 2023.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

"While the Company is taking strong action, believes in the
viability of its strategy and path to profitability, and in its
ability to raise additional funds, there can be no assurances to
that effect.  The Company's working capital position may not be
sufficient to support the Company's daily operations for the twelve
months subsequent to the issuance of these annual financial
statements.  The Company's ability to continue as a going concern
is dependent upon its ability to improve profitability and the
ability to acquire additional funding.  These and other factors
raise substantial doubt about the Company's ability to continue as
a going concern within twelve months after the date that the annual
financial statements are issued," the Company said in its Quarterly
Report for the period ended March 31, 2024.


CEDAR CIRCLE: Seeks Chapter 11 Bankruptcy Protection in Texas
-------------------------------------------------------------
Cedar Circle Group LLC filed for chapter 11 protection in the
Western District of Texas. According to court filing, the Debtor
reports between $1 million and $10 million in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
July 8, 2024 at 2:00 p.m. in Room Telephonically on telephone
conference line: (866)711-2282. participant  access
code:3544189#-.

                   About Cedar Circle Group LLC

Cedar Circle Group LLC, d/b/a Cedar Circle Apartments, is a Single
Asset Real Estate debtor (as defined in 11 U.S.C. Section
101(51B)).

Cedar Circle Group LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-60309) on June 3,
2024. In the petition signed by Carl Marion, as manager, the Debtor
reports estimated assets and liabilities between $1 million and $10
million each.

The Honorable Bankruptcy Judge Michael M Parker oversees the case.

The Debtor is represented by:

     Joyce W. Lindauer, Esq.
     Joyce W. Lindauer Attorney, PLLC
     P.O. Box 212
     Troy, TX 76579
     Tel: (972) 503-4033
     Email: joyce@joycelindauer.com


CERTARA HOLDCO: Moody's Rates New Secured 1st Lien Bank Loans 'B1'
------------------------------------------------------------------
Moody's Ratings assigned a B1 rating to the proposed backed senior
secured first lien bank credit facilities of Certara Holdco, Inc.,
a leading provider of drug development simulation software and
regulatory science publication software and services, which
consists of a $100 million revolving credit facility expiring 2029
and a $300 million term loan B due 2031. Proceeds will be used to
refinance its existing credit facility and pay transaction-related
fees and expenses. The B1 Corporate Family Rating, B1-PD
Probability of Default Rating are unchanged, and Moody's expects to
withdraw the ratings of the existing credit facility upon
transaction completion. The Speculative Grade Liquidity Rating
(SGL) SGL-1 remains unchanged. The outlook is stable.

The assigned rating is subject to review of final documentation and
no material change to the size, terms and conditions of the
transaction as advised to Moody's.

RATINGS RATIONALE

Certara's B1 CFR reflects the company's leading market position in
the niche biosimulation software and regulatory services market,
stable free cash flow generation, and positive secular trends in
drug development and associated services. Certara's biosimulation
modeling software allows for a strong competitive advantage through
the company's proprietary modeling data used by pharmaceutical
companies in various stages of the drug development process. In
addition, global regulatory agencies, including the US Food and
Drug Administration (FDA), use Certara's software to verify and
review regulatory submissions which in turn validates the company's
models and supports new client wins. The company also benefits from
good revenue visibility, supported by strong net retention rates
averaging around 110% for software products (about 35% of revenue)
and high net revenue repeat rate for services (65% of revenue).
Over the next 12 months, Moody's projects Certara to grow annual
revenue in the high-single-digit percentage. Lastly, the rating
considers the company's modest financial leverage.  Moody's
projects Certara's debt/EBITDA (Moody's adjusted, expensing stock
based comp and software development costs and including contingent
consideration in debt) will decline towards the mid 3x range in the
next 12 months.

At the same time, Certara's rating is constrained by the company's
small scale, concentrated end market exposure, and acquisitive
growth strategy which can increase integration and operational
risks. In addition, the company's service business operates in a
competitive market of smaller providers, internal operations at
pharmaceutical companies and contract research organizations
(CRO).

The SGL-1 rating reflects Moody's expectation that Certara will
maintain very good liquidity over the next 12 months. The liquidity
is supported by $225 million in cash as of March 31, 2024 and
Moody's expectation for around $80 to $90 million in free cash flow
over the next 12 months. The company's liquidity is also supported
by a $100 million revolving credit facility expiring 2029 which
Moody's expects to remain undrawn upon transaction close.  Similar
to the existing credit facility, the revolver is expected to have a
springing first lien leverage covenant triggered at 35% revolver
utilization ($35 million) that cannot exceed 7.5x. While Moody's
believes the covenant will not be tested over the next 12 months,
Moody's believes Certara will maintain good cushion under this
covenant.

The stable outlook reflects Moody's expectation that over the next
twelve months, Certara will grow revenue by at least
high-single-digits, debt/EBITDA (Moody's adjusted) will decline
toward 3.5x, and free cash flow-to-debt (Moody's adjusted) will
remain above 20%.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded over time if Certara continues to
grow organically and increase in scale, while sustaining leverage
below 3.5x and demonstrating a commitment to conservative financial
policies.

The ratings could be downgraded if Certara's operating performance
or liquidity weakens, such that debt/EBITDA (Moody's adjusted) is
expected to be sustained above 4.5x or free cash flow-to-debt
(Moody's adjusted) is less than 10%.

Headquartered in Princeton, NJ, Certara is a leading provider of
drug development simulation software and regulatory science
publication software and services. The company reported revenues of
about $361 million for the LTM period ended March 31, 2024.

The principal methodology used in these ratings was Software
published in June 2022.


CITY BREWING: MetWest FI Marks $433,376 Loan at 21% Off
-------------------------------------------------------
Metropolitan West Fund's Flexible Income Fund has marked its
$433,376 loan extended to City Brewing Co. LLC to market at
$340,317 or 79% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Flexible Income Fund is a participant in a First lien term Loan b
(SOFR plus 3.76%) to City Brewing Co. LLC. The loan accrues
interest at a rate of 8.32% per annum. The loan matures on April 5,
2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest FRI Marks $1.9MM Loan at 21% Off
------------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$1,967,332 loan extended to City Brewing Co. LLC to market at
$1,544,887 or 79% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a First Lien Term
Loan B (SOFR plus 3.76%) to City Brewing Co. LLC. The loan accrues
interest at a rate of 8.32% per annum. The loan matures on April 5,
2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000       

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest HYB Marks $2M Loan at 21% Off
---------------------------------------------------
Metropolitan West Fund's High Yield Bond Fund has marked its
$2,038,573 loan extended to City Brewing Co. LLC to market at
$1,600,830 or 79% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

High Yield Bond Fund is a participant in a First Lien Term (SOFR
plus 3.76%) to City Brewing Co. LLC. The loan accrues interest at a
rate of 8.32% per annum. The loan matures on April 5, 2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000  

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest IBF Marks $105,915 Loan at 79% Off
--------------------------------------------------------
Metropolitan West Fund's Intermediate Bond Fund has marked its
$105,915 loan extended to City Brewing Co. LLC to market at $83,172
or 79% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in MetWest Fund's Form N-CSR for the
Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission on June 5, 2024.

Intermediate Bond Fund is a participant in a First Lien Term Loan B
(SOFR plus 3.76%) to City Brewing Co. LLC. The loan accrues
interest at a rate of 13.18% per annum. The loan matures on April
5, 2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000   

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest LDB Marks $147,127 Loan at 21% Off
--------------------------------------------------------
Metropolitan West Fund's Low Duration Bond Fund has marked its
$147,127 loan extended to City Brewing Co. LLCto market at $115,534
or 79% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in MetWest Fund's Form N-CSR for the
Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission on June 5, 2024.

Low Duration Bond Fund is a participant in a First Lien Term Loan B
(SOFR plus 3.76%) to City Brewing Co LLC. The loan accrues interest
at a rate of 8.32% per annum. The loan matures on April 5, 2028

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000   
  
City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest TRB Marks $8.6MM Loan at 21% Off
------------------------------------------------------
Metropolitan West Fund's Total Return Bond Fund has marked its
$8,632,967 loan extended to City Brewing Co. LLC to market at
$6,779,211 or 79% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Total Return Bond Fund is a participant in a First Lien Term Loan B
(SOFR plus 3.76%) to City Brewing Co. LLC. The loan accrues
interest at a rate of 8.32% per annum. The loan matures on April 5,
2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CITY BREWING: MetWest UBF Marks $1.6MM Loan at 21% Off
------------------------------------------------------
Metropolitan West Fund's Unconstrained Bond Fund has marked its
$1,601,517 loan extended to City Brewing Co. LLC to market at
$1,257,623 or 79% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Unconstrained Bond Fund is a participant in a Firs tLien Term Loan
B (SOFR plus 3.76%) to City Brewing Co. LLC. The loan accrues
interest at a rate of 8.32% per annum. The loan matures on April 5,
2028.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000   

City Brewing Company, LLC operates as a brewery company. The
Company produces beverages by contract, including beer, malts,
teas, and energy drinks.


CLUBCORP HOLDINGS: S&P Withdraws 'D' Rating on 2025 Senior Notes
----------------------------------------------------------------
S&P Global Ratings revised its outlook on owner and operator of
golf and country clubs ClubCorp Holdings Inc. (doing business as
Invited Inc.) to positive from negative because ratings downside
risk from another restructuring or distressed exchange is lower.
Following the debt and interest expense reduction, and given a good
anticipated operating environment, S&P believes the company may be
able to support its capital structure and potentially refinance its
upcoming maturities at current cash pay interest rates without a
payment in kind (PIK) interest component. At the same time, S&P has
withdrawn its 'D' its issue-level rating on the company's remaining
2025 senior notes because of lack of investor interest.

The positive outlook reflects our expectation that growth in
revenue, EBITDA, and cash flow driven by Invited's premiumization
strategy will enable the company to decrease leverage to the low-7x
area in 2024 and potentially below 7x in 2025. In addition, as part
of Invited's strategy to focus on core assets, S&P believes there
may be future additional sales of noncore assets which could drive
further deleveraging, increasing the possibility Invited can
successfully refinance its 2026 maturities.

Recent asset sales and debt repayments have lowered Invited's
interest expense burden and addressed the company's 2025
maturities, increasing the possibility Invited can successfully
refinance its 2026 maturities without the risk of another
distressed exchange. During the second quarter of 2024 Invited used
a portion of its restricted cash and cash on hand to repurchase an
additional $60 million of its outstanding 2025 senior notes,
reducing the aggregate principal amount of the 2025 notes to about
$20 million outstanding. The company's approximately $1 billion in
first-lien debt, which now matures September 2026, would have
matured on Aug. 16, 2025, if more than $42.5 million in unsecured
notes remained outstanding on that date. The company now faces
materially lower outstanding debt maturities in 2025 consisting of
only the $20 million in outstanding 2025 notes, which S&P believes
is manageable under its base-case forecast.

In addition, as part of an effort to streamline its operations,
Invited has undertaken a strategy to sell noncore assets and use
the majority of proceeds for debt repayment. On Nov. 1, 2023,
Invited sold BigShots for $29 million; on Feb. 16, 2024, the
company sold its Stadium clubs for $35 million; and on May 22,
2024, the company sold Aliso Viejo Country Club and Coto de Caza
Golf and Raquet Club for total proceeds of $126 million. Through
these asset sales Invited reduced its $1.2 billion term loan to
about $1 billion outstanding, reducing leverage and its interest
expense burden. S&P said, "We now believe its capital structure may
be sustainable because it has addressed its 2025 maturity wall and
reduced its total debt. Also, its free cash flow will improve
compared to our previous forecast as the result of the decrease in
its cash interest expense."

S&P said, "Under our base-case assumptions, we expect S&P Global
Ratings lease-adjusted debt to EBITDA will decrease to the low-7x
area in 2024 because of lower debt, a modest expansion in gross
margin, and a reduction in one-time selling, general, and
administrative (SG&A) expenses related to professional and
refinancing fees, potentially improving to below 7x in 2025. We add
the financing obligation from sale-leaseback transactions in our
measure of leverage as well as outstanding amounts under the $75
million receivables sales agreement because we view these as akin
to a source of financing. In addition, our measure of S&P Global
Ratings-adjusted EBITDA does not include the nonrefundable
initiation fee adjustment or exclude other one-time expenses.

"Invited continues to capitalize on the strength of golf demand,
and we expect continued revenue and EBITDA growth. Invited
continues to execute its premiumization pricing strategy at its
golf and country clubs and reported strong same-store revenue in
the first quarter of 2024. In addition, its food and beverage (F&B)
revenue continues to recover. ClubCorp's member retention has held
steady despite some planned attrition over the past year due to the
premiumization strategy, which involves raising its dues at the
expense of lower-dues-paying members. In addition, we expect the
company's member retention will remain stable despite our
expectation for further modest increases to dues to combat the
effects of inflation and repositioned clubs. We expect Invited will
continue to increase revenues as consumers value experiences over
consumer goods with sustained strong demand in golf. Golf demand in
terms of rounds played remained strong through April, according to
the National Golf Foundation and Golf Datatech, and was up 4.2% for
2024 compared to 2023. In 2024 and 2025, we expect low-single-digit
percent growth in revenue supported by sustained demand in golf and
as Invited continues to benefit from its high capital spending and
premiumization strategy.

"We view Invited's liquidity as adequate over the next 12-18
months. After the recent debt repayments on its 2025 senior notes,
we expect Invited will have sufficient liquidity to address modest
near-term maturities in 2025. We expect sources will exceed uses by
at least 1.2x over the next 12 months and net sources would be
positive even if EBITDA underperforms our forecast by 15%."

Golf is a mature industry, with meaningful barriers to entry.
ClubCorp has a diverse network of owned and leased properties that
would be difficult to replicate, creating meaningful barriers to
entry in the markets in which it operates. S&P said, "This
consideration is partly offset by the mature demand for golf, which
we believe limits the potential for organic growth in the company's
golf clubs. In addition, we also view ClubCorp's Business & Sports
segment (about 11% of total club revenue in 2023 and 2022) as more
vulnerable because of low barriers to entry, competing alternative
venues, and intense price competition." However, ClubCorp has
divested its interests in multiple business and sports clubs over
the past quarters as the company focuses on core assets.

S&P said, "Our negative management and governance assessment
reflects deficiencies that increase credit risk for Invited. This
reflects our view of deficiencies in the company's risk management
and protection of creditor interests, as evidenced by the recent
distressed exchange that we viewed at tantamount to a restructuring
and default. It also reflects the company's majority ownership by
financial sponsor Apollo, for which we generally observe corporate
decision-making that prioritizes the interests of the controlling
owners and a focus on maximizing shareholder returns at the expense
of creditor interests.

"The positive outlook reflects our expectation that growth in
revenue, EBITDA, and cash flow driven by Invited's premiumization
strategy will decrease leverage to the low-7x area in 2024 and
potentially below 7x in 2025. In addition, as part of Invited's
strategy to focus on core assets we believe there may be future
sales of noncore assets, which could lead to further deleveraging,
increasing the possibility Invited can successfully refinance its
2026 maturities.

"We could lower the rating or revise the outlook to negative if
Invited's liquidity unexpectedly deteriorates or we believe that
the company will likely pursue another distressed exchange,
bankruptcy, or default in some other form over the subsequent 12
months.

"We could raise the rating if Invited further reduces leverage and
generates sustained cash flow to allow the company to successfully
refinance its 2026 maturities." This would most likely occur if
Invited:

-- Exhibits strong member retention and good EBITDA growth;
Reduces S&P Global Ratings-adjusted leverage to below 7.5x;

-- Generates sustained positive free cash flow;

-- Maintains adequate liquidity; and

-- Maintains S&P Global Ratings-adjusted EBITDA coverage of
interest expense above 1.5x.



CMM MINEOLA LLC: Hits Chapter 11 Bankruptcy in Texas
----------------------------------------------------
CMM Mineola LLC filed for chapter 11 protection in the Eastern
District of Texas. According to court filing, the Debtor reports
$10 million and $50 million in debt owed to 1 and 49 creditors. The
petition states funds will not be available to unsecured
creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
July 10, 2024 at 10:30 a.m. via Telephonic Dial-In Information at
https://www.txeb.uscourts.gov/341info.

                     About CMM Mineola LLC

CMM Mineola LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tex. Case No. 24-60336) on June 3,
2024. In the petition filed by Chad Cable, as managing member, the
Debtor reports estimated assets and liabilities between $10 million
and $50 million each.

The Debtor is represented by:

     Michael E. Gazette, Esq.
     614 Oak Avenue
     Sulphur Springs, TX 75482-4134
     Tel: (903) 596-9911
     Email: megazette@suddenlinkmail.com


COACH USA: Operations Running as Normal Amid Bankruptcy
-------------------------------------------------------
Coach USA, a provider of passenger transportation and mobility
services, on June 12 reaffirmed that its routes and buses are
running as normal without interruption as it begins
court-supervised sale processes for its businesses.

Customers and commuters can book trips and track schedules through
the Coach USA and Megabus apps, as well as online at
https://www.coachusa.com, https://us.megabus.com and
https://ca.megabus.com.

"Our top priority remains safely carrying the millions of
passengers who chose our buses, and we are running our lines and
routes as normal. We encourage customers to book their trips
through our app and online like they always do. I'm grateful to the
Coach USA team for their continued focus and hard work across our
businesses and markets. We look forward to serving our customers on
their commutes home today and to meeting their transportation needs
tomorrow and beyond," said Derrick Waters, Chief Executive Officer
of Coach USA.

Additional Information

On June 11, 2024, Coach USA announced that it commenced voluntary
Chapter 11 proceedings in the U.S. Bankruptcy Court for the
District of Delaware to facilitate sale processes to preserve jobs,
ensure continued service and maximize the value of its businesses.

Additional Information is available about the court-supervised sale
processes is available at http://coachusaprocess.com/
As always, passengers and commuters can find up-to-date information
on service advisories and alerts at
https://www.coachusa.com/service-advisories and
https://us.megabus.com/service-alerts.

                          About Coach USA

Coach USA is one of the nation's largest passenger transportation
companies where the top priority is the safety of its customers and
employees. Coach USA provides critical local and intercity
transport services for communities throughout the United States and
Canada via Coach Canada. Coach USA also owns and operates Megabus,
which provides affordable, express bus service for intercity
travel. Since launching in 2006, Megabus has served more than 50
million customers throughout more than 500 cities across the
nation.



CONFLUENCE TECHNOLOGIES: Clearlake Reportedly Exploring $3B Sale
----------------------------------------------------------------
Reuters reports that private equity firm Clearlake Capital is
exploring a sale of Confluence Technologies, hoping a deal will
value the financial software and data management provider at more
than $3 billion, including debt, according to four people with
knowledge of the matter.
Clearlake is working with investment banks Morgan Stanley (MS.N),
opens new tab and Centerview Partners on the sale process for
Confluence, said the sources.

The sources cautioned a sale was not guaranteed and spoke on
condition of anonymity as the discussions are confidential.

Confluence is a global software and data management provider for
asset managers, which helps automate business processes. The
company has more than 900 employees in 15 offices globally and
services over 1,000 clients in more than 40 countries, according to
its website.

The Pittsburgh, Pennsylvania-based company was founded in 1991 by
Mark Evans, who still remains the company's chief executive
officer.

Clearlake acquired its majority stake in Confluence in 2021 from TA
Associates, which itself first invested in Confluence in 2018.

Soon after Clearlake took control, Confluence bought software
provider Investment Metrics for $500 million, and acquired
Compliance Solutions Strategies, which focuses on helping financial
companies with regulatory reporting requirements.

                    About Confluence Technologies

Confluence, which is principally owned by Clearlake Capital Group,
L.P. and TA Associates Management, L.P. ("TA"), provides, primarily
through a SaaS-based sales model, performance reporting, analytics,
regulatory reporting, risk, and data solutions to capital markets
clients.


CREPERIE D AMOUR: Court OKs Cash Collateral Access
--------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized Creperie D Amour Inc. to use cash
collateral, on an interim basis, in accordance with the budget.

Specifically, the Debtor is permitted to use the cash collateral of
Credibly of Arizona, LLC and The US Small Business Administration
to the extent needed to pay operating expenses pursuant to the
Statement of Income and Expenses.

Credibly and the SBA are granted a replacement lien on the assets
of the cash collateral subsequent to the filing of the Chapter 11
petition subject to the extent and validity of the lien.

A copy of the order is available at https://urlcurt.com/u?l=1IUHrs
from PacerMonitor.com.

                       About Creperie D Amour

Creperie D Amour Inc., doing business as Paris Bistro, owns and
operates a restaurant business in Naperville, Ill.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-05158) on April 9,
2024, with $231,539 in assets and $1,517,684 in liabilities.
Jonathan Santos, president, signed the petition.

Judge Donald R. Cassling presides over the case.

Penelope Bach, Esq., at Bach Law Offices represents the Debtor as
bankruptcy counsel.


CRYPTO CO: Completes Sale of AllFi Technologies
-----------------------------------------------
The Crypto Company announced June 7, 2024, that the Company
completed the sale of AllFi Technologies, Inc. to AllFi Holdings
LLC.  This transaction is designed to optimize both companies'
focus on their respective areas of expertise.  As a result of this
transaction, The Crypto Company will receive back from AllFi
Holdings LLC, its previously issued and committed shares, which
totaled approximately 10% of The Crypto Company.  In return, AllFi
Holdings LLC will obtain full ownership of AllFi Technologies,
Inc., including the trademarks and IP associated therewith.

This transaction reflects The Crypto Company's commitment to
sharpening its focus on core competencies.  By divesting its
interest in AllFi Technologies, Inc. for TCC stock, The Crypto
Company is poised to strengthen its position and dedicate resources
to its primary business areas, where it holds significant expertise
and market leadership.

"We believe this realignment allows us to concentrate on what we
excel at," said Ron Levy, CEO of The Crypto Company.  "The return
of our shares underscores our confidence in the Company's future,
and we are excited about the opportunities ahead as we intensify
our efforts in the emerging technologies sector."

This move allows AllFi Technologies, Inc. to fully own its products
and trademarks, enabling them to streamline their operations and
focus on their specialized market.  Both companies benefit by
dedicating their efforts to their respective strengths.

The Crypto Company said it remains committed to innovation and
growth.

                     About Crypto Company

Malibu, Calif.-based The Crypto Company --
https://www.thecryptocompany.com -- is engaged in the business of
providing consulting services and education for blockchain
technology and for the building of technological infrastructure and
enterprise blockchain technology solutions.  During 2023 the
Company generated revenues and incurred expenses solely through
these consulting operations.  In February 2022 the Company acquired
bitcoin mining equipment and entered into an arrangement with a
third party to host and operate the equipment.  However by the end
of 2022 the Company had exited that Bitcoin mining business.

Lakewood, Colorado-based BF Borgers CPA PC, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 16, 2024, citing that the Company has suffered
recurring losses from operations that raises substantial doubt
about its ability to continue as a going concern.


CRYSTAL PACKAGING: Seeks Cash Collateral Access
-----------------------------------------------
Crystal Packaging, Inc. asks the U.S. Bankruptcy Court for the
District of Colorado for authority to use cash collateral and
provide adequate protection.

The Debtor requires immediate use of its cash to maintain
operations.

On March 26, 2022, the Debtor filed for chapter 11 bankruptcy. They
successfully confirmed a plan of reorganization on November 18, and
the first case was closed on April 25, 2023. However, after the
confirmation of the plan, the Debtor faced several unexpected
challenges. They lost a major customer, experienced a decline in
revenue due to unseasonably dry weather, fell victim to fraud, and
failed to generate anticipated sales revenues. As a result, they
were unable to make lease payments and faced eviction.

On the Petition Date, the Debtor maintained three bank accounts at
Key Bank with a total balance of $135,384. The Debtor is the
process of opening one or more debtor in possession accounts to
hold the funds.  

The Debtor contends that the funds in the Deposit Accounts on the
Petition Date are not "cash collateral" as that term is defined in
11 U.S.C. Section 363(a).

Six creditors assert liens on various assets of the Debtor.
Creditors First Citizens Bank & Trust Company, Financial Pacific
Leasing, Inc., Rocky Mountain Petroleum assert liens on specific
equipment and other personal property assets. These creditors
cannot claim an interest in the Debtor’s cash or future cash
collateral.

Pursuant to the Plan, Power Assist Company has a first priority
lien on the Debtor’s inventory, furniture, fixtures and equipment
(other than equipment purchased from Rocky Mountain Petroleum), and
general intangibles. Power Assist has a second priority lien on the
Debtor's accounts and proceeds from accounts, as well as equipment
purchased from Rocky Mountain Petroleum. Power Assist filed a
financing statement on May 6, 2024. Accordingly, pursuant to 11
U.S.C. Section 547, Power Assist does not have a perfected interest
in the Debtor's cash or any potential cash collateral because any
interest is avoidable.

The remaining two creditors could conceivably assert that some
portion of the Debtor's current and future cash is or will be "cash
collateral."

To provide adequate protection for the Debtor’s use of cash
collateral, to the extent any secured creditor is properly
perfected in cash collateral, the Debtor proposes the following:

a. the Debtor will provide a replacement lien on the proceeds of
all post-petition accounts to the extent that the use of the cash
collateral results in a decrease in the value of the collateral
pursuant to 11 U.S.C. Section 361(2);

b. the Debtor will maintain adequate insurance coverage on all
personal property assets and adequately insure against any
potential loss;

c. the Debtor will provide periodic reports and information filed
with the Bankruptcy Court, including debtor-in-possession reports;

d. the Debtor will only expend cash collateral pursuant to the
Budgets subject to reasonable fluctuation by no more than 15% for
each expense line item per month; and,

e. the Debtor will pay all post-petition taxes.

A copy of the motion is available at https://urlcurt.com/u?l=JK9ljA
from PacerMonitor.com.

                        About Crystal Packaging, Inc.

Crystal Packaging, Inc. is a family owned liquid blending company
offering a variety of contract and toll services for organizations
across the country.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 24-13093) on June 4,
2024. In the petition signed by C. Scott Vincent, president, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Thomas B. Mcnamara oversees the case.

David V. Wadsworth, Esq., at WADSWORTH GARBER WARNER CONRARDY,
P.C., oversees the case.


CUMULUS MEDIA: XAI Octagon Marks $699,859 Loan at 36% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trusthas marked its
$699,859 loan extended Cumulus Media New Holdings, Inc to market at
$447,909 or 64% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in XAI Octagon's Form N-CSR for
the Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission.

XAI Octagon is a participant in an Initial Senior Secured First
Lien Loan (1M SOFR + 3.75%) Cumulus Media New Holdings, Inc. The
loan matures on March 31, 2026.

XAI Octagonis a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No: (312) 374-6930     

          - and -
     
     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No: (312) 374-6930

Headquartered in Atlanta, Ga., Cumulus Media New Holdings Inc. is
the third largest radio broadcaster in the U.S. with 405 stations
in 86 markets, a nationwide network serving more than 9,500
broadcast affiliates, and numerous digital channels. In addition,
Cumulus has several digital businesses (including podcasting,
streaming, and marketing services), and live events. Cumulus
emerged from Chapter 11 bankruptcy protection in June 2018.


CYXTERA DC: 95% Markdown for MetWest FRI $350,844 Loan
------------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$350,844 loan extended to Cyxtera DC Holdings, Inc to market at
$18,011 or 5% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a First Lien Term
Loan B (SOFR plus 3%) to Cyxtera DC Holdings, Inc. The loan accrues
interest at a rate of 5.07% per annum. The loan was scheduled to
mature last May 1, 2024.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

      Megan McClellan
      Metropolitan West Funds
      515 South Flower Street
      Los Angeles, CA 90071
      Tel. No.: (213) 244-0000

About Cyxtera Technologies

Headquartered in Coral Gables, Fla., Cyxtera Technologies, Inc. —
https://www.cyxtera.com/ — is a global data center company
providing retail colocation and interconnection services. The
Company provides a suite of connected and automated infrastructure
and interconnection solutions to enterprises, service providers and
government agencies around the world — enabling them to scale
faster, meet rising consumer expectations and gain a competitive
edge.

Cyxtera and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 23-14853) on
June 4, 2023. In the petition signed by Eric Koza, chief
restructuring officer, the Debtor disclosed up to $131 million in
assets and up to $2.679 billion in liabilities.

Judge John K. Sherwood oversees the case.

The Debtors tapped Kirkland and Ellis LLP and Kirkland and Ellis
International LLP as general bankruptcy counsel, Cole Schotz P.C.
as co-bankruptcy counsel, Guggenheim Securities, LLC as investment
banker, AlixPartners LLP as restructuring advisor, and Kurtzman
Carson Consultants LLC as noticing and claims agent.

An ad hoc group of first lien lenders is represented by Gibson,
Dunn & Crutcher LLP as legal counsel and Houlihan Lokey, Inc., as
financial advisor.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors. The committee tapped Pachulski Stang
Ziehl & Jones, LLP as its legal counsel and Alvarez & Marsal North
America, LLC, as financial advisor.

* * *

On October 31, 2023, the Company entered into an Asset Purchase
Agreement with Phoenix Data Center Holdings LLC, wherein the
Purchaser acquired substantially all of the Company’s assets and
assumed certain specified liabilities of the Company. On November
16, 2023, the Bankruptcy Court held a confirmation hearing to
approve the Company’s Fourth Amended Joint Plan of
Reorganization. The Bankruptcy Court approved the Plan, and on
November 17, entered the Revised Findings of Fact, Conclusions of
Law, and Order Confirming the Fourth Amended Joint Plan of
Reorganization.
The Plan authorized, among other things, the Company to sell
substantially all of their assets to the Purchaser pursuant to the
terms of the Purchase Agreement and the winding down of the
Company’s estates following consummation of the Asset Sale.

The Plan became effective on January 12, 2024.


CYXTERA DC: 95% Markdown for MetWest HYB $355,886 Loan
------------------------------------------------------
Metropolitan West Fund's High Yield Bond Fund has marked its
$355,886 loan extended to Cyxtera DC Holdings, Inc. to market at
$18,270 or 5% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

High Yield Bond Fund is a participant in a First Lien Term Loan B
(SOFR plus 3%) to Cyxtera DC Holdings, Inc. The loan accrues
interest at a rate of 5.07% per annum. The loan was scheduled to
mature last May 1, 2024.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000

About Cyxtera Technologies

Headquartered in Coral Gables, Fla., Cyxtera Technologies, Inc. —
https://www.cyxtera.com/ — is a global data center company
providing retail colocation and interconnection services. The
Company provides a suite of connected and automated infrastructure
and interconnection solutions to enterprises, service providers and
government agencies around the world — enabling them to scale
faster, meet rising consumer expectations and gain a competitive
edge.

Cyxtera and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 23-14853) on
June 4, 2023. In the petition signed by Eric Koza, chief
restructuring officer, the Debtor disclosed up to $131 million in
assets and up to $2.679 billion in liabilities.

Judge John K. Sherwood oversees the case.

The Debtors tapped Kirkland and Ellis LLP and Kirkland and Ellis
International LLP as general bankruptcy counsel, Cole Schotz P.C.
as co-bankruptcy counsel, Guggenheim Securities, LLC as investment
banker, AlixPartners LLP as restructuring advisor, and Kurtzman
Carson Consultants LLC as noticing and claims agent.

An ad hoc group of first lien lenders is represented by Gibson,
Dunn & Crutcher LLP as legal counsel and Houlihan Lokey, Inc., as
financial advisor.

The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors. The committee tapped Pachulski Stang
Ziehl & Jones, LLP as its legal counsel and Alvarez & Marsal North
America, LLC, as financial advisor.

* * *

On October 31, 2023, the Company entered into an Asset Purchase
Agreement with Phoenix Data Center Holdings LLC, wherein the
Purchaser acquired substantially all of the Company’s assets and
assumed certain specified liabilities of the Company. On November
16, 2023, the Bankruptcy Court held a confirmation hearing to
approve the Company’s Fourth Amended Joint Plan of
Reorganization. The Bankruptcy Court approved the Plan, and on
November 17, entered the Revised Findings of Fact, Conclusions of
Law, and Order Confirming the Fourth Amended Joint Plan of
Reorganization.
The Plan authorized, among other things, the Company to sell
substantially all of their assets to the Purchaser pursuant to the
terms of the Purchase Agreement and the winding down of the
Company’s estates following consummation of the Asset Sale.

The Plan became effective on January 12, 2024.


DEADWORDS BREWING: Court OKs Cash Collateral Access on Final Basis
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division, authorized Deadwords Brewing Company, LLC to use
cash collateral on a final basis.

The court said all prior interim orders granting the Motion are
deemed final.

As previously reported by the Troubled Company Reporter, the Debtor
was authorized to use cash collateral to pay:

(a) amounts expressly authorized by the Court, including payments
to the Subchapter V Trustee and payroll obligations incurred
post-petition in the ordinary course of business;
(b) the current and necessary expenses set forth in the budget,
plus an amount not to exceed 10% for each line item; and
(c) additional amounts as may be expressly approved in writing by
Celtic Bank Corporation and Toast Capital, LLC.

As adequate protection, the Secured Creditors was granted a
perfected post-petition lien against cash collateral to the same
extent and with the same validity and priority as the prepetition
lien, without the need to file or execute any documents as may
otherwise be required under applicable non-bankruptcy law.

The Debtor was directed to maintain insurance coverage for its
property in accordance with the obligations under all applicable
loan and security documents.

A copy of the court's order is available at
https://urlcurt.com/u?l=FXvEcc from PacerMonitor.com.

                About Deadwords Brewing Company LLC

Deadwords Brewing Company LLC is a craft brewpub operating in the
Parramore District of Downtown Orlando.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-04117) on October 2,
2023. In the petition signed by James D. Satterfield, managing
member, the Debtor disclosed up to $1 million in assets and up to
$10 million in liabilities.

Judge Grace E. Robson oversees the case.

Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine LLP,
represents the Debtor as legal counsel.


DIOCESE OF SYRACUSE: Proposes $100-Mil. Plan to Exit Ch.11
----------------------------------------------------------
McKenna Snow of Catholic Vote reports that the Catholic Diocese of
Syracuse, New York, has proposed a financial plan that could lead
the Diocese out of bankruptcy, but it has to be approved by
creditors in a vote by July 1, 2024.

The Diocese filed for bankruptcy four years ago, after 38 people
filed Child Victims Act lawsuits against the Diocese, according to
a 2020 article from syracuse.com. The proposed plan, filed earlier
this May, has been sent to the creditors to review and vote on.

According to a May 30, 2024 article from Syracuse.com, the plan
includes a $100 million fund "to pay abuse survivors if they end
their lawsuits against the church."

It is the second largest payment from any Roman Catholic diocese in
a bankruptcy case, Syracuse.com noted.  

Half of the fund will be paid for by the Diocese directly, and the
other half will be paid for by Catholic Charities, parishes, and
Catholic schools.

Timothy Lyster, a lawyer for the diocesan parishes, said in court
that "[t]he parishes are still scraping to get this money together,
as is typical in these cases."

According to Syracuse.com, Taylor Stippel, a lawyer from Jeff
Anderson and Associates who is representing the victims, said of
the Diocese's payment, "We are confident and we know that the
diocese and the parishes and the schools will be able to marshal
that $100 million. Because they agreed to it. Because they’ve
signed off on it."

If approved, the plan will be brought to Northern District of New
York Chief Bankruptcy Judge Wendy Kinsella for either approval or
rejection, following a hearing about the plan scheduled for
September 16, 2024.

          About The Roman Catholic Diocese of Syracuse

The Roman Catholic Diocese of Syracuse, New York
--http://www.syracusediocese.org/-- through its  administrative
offices (a) provides operational support to the Catholic parishes,
schools and certain other Catholic entities that operate within the
territory of the Diocese in support of their shared charitable
humanitarian and religious missions; (b) conducts school operations
by managing tuition and scholarship payments, employee  payroll,
and other school-related operating expenses for separately
incorporated Diocesan schools, as well as providing parish schools
with financial, operational and educational support; and (c)
provides comprehensive risk management services to the OCEs through
the Diocese's insurance program.

The Roman Catholic Diocese of Syracuse, New York filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bank. N.D.N.Y. Case No. 20-30663) on June 19, 2020. Stephen
A. Breen, chief financial officer, signed the petition. At the time
of filing, the Debtor estimated $10 million to $50 million in
assets and $50 million to $100 million in liabilities.

Judge Margaret M. Cangilos-Ruiz oversees the case.

Bond, Schoeneck and King, PLLC, serves as the Debtor's bankruptcy
counsel. The Debtor also tapped Mullen Coughlin LLC as special
counsel, Arete Advisors LLC as cybersecurity consultant, and
Moxfive LLC as technical advisor. Stretto is the claims agent and
administrative advisor.

The U.S. Trustee for Region 2 appointed a committee to represent
unsecured creditors in the Debtor's bankruptcy case. The committee
tapped Stinson, LLP, Saunders Kahler, LLP and Berkeley Research
Group, LLC, as its bankruptcy counsel, local counsel and financial
advisor, respectively.


DISH NETWORK: Negotiates With Certain Bondholders for New Funding
-----------------------------------------------------------------
Reshmi Basu and Jill R. Shah of Bloomberg News report that Dish
Network Corp., the satellite-TV provider saddled with more than $20
billion in debt, is holding confidential talks with some of its
convertible holders about potential new financing, according to
people with knowledge of the matter.

Dish has received financing offers from convertible noteholders to
provide fresh capital tied to wireless spectrum held at a so-called
unrestricted subsidiary, said the people, who asked not to be
identified discussing a private matter.

The talks come as Dish has been scouring for ways to address
fast-approaching maturities as it tries to transition its business
from pay-TV to wireless services.

                 About DISH Network Corporation

DISH Network Corporation is a holding company that operate two
primary business segments namely Pay-TV and wireless the latter of
which consists of retail wireless and 5G network deployment.


DODGE DATA: MetWest FRI Marks $486,288 Loan at 17% Off
------------------------------------------------------
Metropolitan West Fund's Floating Rate Income Fund has marked its
$486,288 loan extended to Dodge Data & Analytics, LLC to market at
$402,403 or 83% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in MetWest Fund's Form N-CSR
for the Fiscal year ended March 31, 2024, filed with the Securities
and Exchange Commission on June 5, 2024.

Floating Rate Income Fund is a participant in a Second Lien Term
Loan b (SOFR plus 4.75%) to Dodge Data & Analytics, LLC. The loan
accrues interest at a rate of 9.78% per annum. The loan matures on
February 23, 2029.

The Metropolitan West Funds is an open-end management investment
company organized as a Delaware statutory trust on December 9, 1996
and registered under the Investment Company Act of 1940, as
amended. Metropolitan West Asset Management, LLC, a federally
registered investment adviser, provides the Funds with investment
management services. The Trust currently consists of 14 separate
portfolios.

The Metropolitan West Funds is led by Megan McClellan, President
and Principal Executive Officer; and Richard Villa, Treasurer,
Principal Financial Officer and Principal Accounting Officer. The
fund can be reach through:

     Megan McClellan
     Metropolitan West Funds
     515 South Flower Street
     Los Angeles, CA 90071
     Tel. No.: (213) 244-0000       
       
Dodge Data & Analytics LLC provides software solutions. The Company
offers analytics and software-based workflow integration solutions
for the construction industry.


EBET INC: Replaces BF Borgers With Astra Audit & Advisory
---------------------------------------------------------
EBET, Inc. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that on May 9, 2024, the Audit
Committee of the Board of Directors of the Company dismissed BF
Borgers CPA, PC as its independent registered public accounting
firm, effective as of such date.

The report of BF Borgers on the Company's financial statements as
of September 30, 2023 and 2022 did not contain an adverse opinion
or disclaimer of opinion, and was not qualified or modified as to
uncertainty, audit scope, or accounting principles, other than an
explanatory paragraph relating to the Company's ability to continue
as a going concern. During the Company's two most recent fiscal
years ended September 30, 2022 and 2023, and through May 9, 2024,
the date of BF Borgers' dismissal, there were no: (1) disagreements
(as defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions to Item 304 of Regulation S-K) with BF Borgers on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedures, which disagreements,
if not resolved to the satisfaction of BF Borgers, would have
caused BF Borgers to make reference to the matter in its report on
the financial statements for such year.

The U.S. Securities and Exchange Commission has advised that, in
lieu of obtaining a letter from BF Borgers stating whether or not
it agrees with the statements herein, the Company may indicate that
BF Borgers is not currently permitted to appear or practice before
the SEC for reasons described in the SEC's Order Instituting Public
Administrative and Cease-and-Desist Proceedings Pursuant to Section
8A of the Securities Act of 1933, Sections 4C and 21C of the
Securities Exchange Act of 1934 and Rule 102(e) of the Commission's
Rules of Practice, Making Findings, and Imposing Remedial Sanctions
and a Cease-and-Desist Order, dated May 3, 2024.

On May 12, 2024, the Audit Committee approved the appointment of
Astra Audit & Advisory, LLC (formerly known as Coastal Accounting &
Consulting, LLC, PCAOB ID #6920) as the Company's independent
registered public accounting firm for the fiscal year ended
September 30, 2024 and 2023.

During the Company's two most recent fiscal years ended September
30, 2023 and 2022, and through May 12, 2024, neither the Company
nor anyone on their behalf consulted with Astra with respect to
either:

      (i) the application of accounting principles to a specific
transaction, either completed or proposed, or the type of audit
opinion that might be rendered on the Company's financial
statements, and neither written nor oral advice was provided to the
Company that Astra concluded was an important factor considered by
the Company in reaching a decision as to any accounting, auditing
or financial reporting issue;

     (ii) any matter that was either the subject of disagreement
(as defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions to Item 304 of Regulation S-K) or a reportable event.

                          About EBET

EBET, Inc., headquartered in Las Vegas, NV, operates platforms to
provide a real money online gambling experience focused on i-gaming
including casino, sportsbook and esports events.  The Company
operates under a Curacao gaming sublicense and under operator
service agreements with Aspire Global plc allowing EBET to provide
online betting services to various countries around the world.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
Jan. 12, 2024, citing that the Company's operating losses raise
substantial doubt about its ability to continue as a going concern.


EIGER BIOPHARMACEUTICALS: Equity Panel Questionnaire Due on June 17
-------------------------------------------------------------------
The United States Trustee is soliciting members for committee of
equity security holders in the bankruptcy case of Eiger
Pharmaceuticals, Inc.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://tinyurl.com/jces4fv9 and return by email it to
both Lisa.L.Lambert@usdoj.gov and Elizabeth.A.Young@usdoj.gov ,
attention Lisa L. Lambert and Elizabeth A. Young, no later than
4:00 p.m. Central Standard Time, on June 17, 2024.

Please note that the U.S. Trustee may appoint a committee before
June 17 but also may consider forms received after appointment but
before June 17.

After receipt of a completed questionnaire, the United States
Trustee Office may contact the interested party to set up a
telephonic interview.

                  About Eiger BioPharmaceuticals

Palo Alto, California-based Eiger BioPharmaceuticals, Inc., is a
commercial-stage biopharmaceutical company focused on the
development of innovative therapies for rare metabolic diseases.
The company's shares traded on Nasdaq under the symbol "EIGR".

Eiger Biopharmaceuticals Inc. and its subsidiaries sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas
Lead Case No. 24-80040) on April 1, 2024. In its petition, Eiger
listed $38.8 million in assets and $53.1 million in liabilities as
of the bankruptcy filing.

Judge Stacey G. Jernigan oversees the cases.

The Debtors are represented by Sidley Austin LLP as legal counsel,
Alvarez & Marsal as financial advisor and SSG Capital Advisors, LLC
as restructuring investment banker. Kurtzman Carson
Consultants LLC is the claims agent.


EIGER BIOPHARMACEUTICALS: U.S. Trustee Appoints Creditors' Panel
----------------------------------------------------------------
The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Eiger
BioPharmaceuticals, Inc. and its affiliates.

The committee members are:

     1. Connor Group Global Services, LLC
        Rob Howey, General Counsel
        3700 Barron Way, Suite 2
        Reno, NV 89511
        775-378-3089
        rob.howey@connorgp.com

     2. Biorasi, LLC
        Brian Chaiken, Esq.
        19505 Biscayne Blvd., Suite 2350
        Aventura, FL 33180
        224-305-0259
        bchaiken@biorasi.com

     3. Monica Gangal
        408-758-1170
        monica.gangal@gmail.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                  About Eiger BioPharmaceuticals

Palo Alto, California-based Eiger BioPharmaceuticals, Inc., is a
commercial-stage biopharmaceutical company focused on the
development of innovative therapies for rare metabolic diseases.
The company's shares traded on Nasdaq under the symbol "EIGR".

Eiger Biopharmaceuticals Inc. and its subsidiaries sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas
Lead Case No. 24-80040) on April 1, 2024. In its petition, Eiger
listed $38.8 million in assets and $53.1 million in liabilities as
of the bankruptcy filing.

Judge Stacey G. Jernigan oversees the cases.

The Debtors are represented by Sidley Austin LLP as legal counsel,
Alvarez & Marsal as financial advisor and SSG Capital Advisors, LLC
as restructuring investment banker. Kurtzman Carson
Consultants LLC is the claims agent.


ELEVATE TEXTILES: XAI Octagon Marks $553,878 Loan at 28% Off
------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$553,878 loan extended to Elevate Textiles, Inc to market at
$401,102 or 72% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in XAI Octagon's Form N-CSR for
the Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission.

XAI Octagon is a participant in a Last Out Senior Secured First
Lien Loan (3M SOFR + 5.50%) to Elevate Textiles, Inc. per annum.
The loan matures on September 30, 2027.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

          - and -
     
     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

Elevate Textiles, Inc. manufactures and supplies textile products
worldwide.


EMBECTA CORP: S&P Affirms 'B+' Issuer Credit Rating, Outlook Stable
-------------------------------------------------------------------
S&P Global Ratings affirmed all of its ratings on Embecta Corp.,
including its 'B+' issuer credit rating.

The stable outlook reflects S&P's expectation that the company will
likely sustain S&P Global Ratings-adjusted leverage of below 5x and
S&P Global Ratings-adjusted free operating cash flow (FOCF; before
one-time spin-off related charges) to debt of comfortably above 5%
over the next several years despite declining revenue and margins.

S&P said, "The threshold revision reflects the longer-term
competitive headwinds in the insulin delivery business, which
contribute to our weaker view of the business. We believe the
evolving competitive landscape in the insulin delivery market could
accelerate patient transitions from daily injections to more
advanced technologies, such as the wearable tubeless pumps produced
by Insulet, Tandem, and others. As this transition continues,
companies that offer older technologies (like Embecta) could face a
deterioration in their sales. Therefore, the development of newer
technologies will be critical to their ability to compete over the
longer term. While daily injections still account for 90%-95% of
the global insulin delivery market (and about 65% in the U.S.), we
believe technologically advanced solutions will continue to gain
market share in the coming years.

"We believe the company's submission of a 510(k) premarket filing
to the U.S. Food and Drug Administration (FDA) for a patch pump
designed for Type 2 diabetes patients is a significant milestone.
If approved and successfully launched in the marketplace, we
believe the product could support an improvement in Embecta's
longer-term growth prospects. However, the company is still in the
early stages of bringing the product to market and will need to
complete the regulatory approval process, and establish commercial
infrastructure to successfully market the product. Therefore, our
base-case forecast for fiscal years 2024-2026 does not assume any
contributions from the patch pump product.

"The stable outlook on Embecta reflects our expectation that it
will likely sustain S&P Global Ratings-adjusted leverage of
4.5x-5.0x and S&P Global Ratings-adjusted FOCF (before one-time
spin-off related charges) to debt of comfortably above 5% over the
next several years despite declining revenue and margins (the
latter stemming from increased stand-alone costs and R&D
investment).

"We could lower our rating on Embecta if we expect its debt
leverage will exceed 5x or its S&P Global Ratings-adjusted FOCF to
debt will fall materially below 5% with limited prospects for
improvement. This could occur if the company's sales deteriorate
quicker than we expect due to significant pricing pressures in its
core product portfolio. This could also occur if Embecta's margin
profile deteriorates by more than we currently forecast due to
increased inflationary pressures or higher-than-expected corporate
costs. In addition, we could lower our rating if secular industry
headwinds cause the company's revenue decline to accelerate without
offsetting growth prospects from new products such that we conclude
its business position has significantly weakened.

"Although it is unlikely that we will raise our rating on Embecta
in the coming 12 months, we could upgrade it if it maintains S&P
Global Ratings-adjusted debt leverage of less than 4x and we
believe the long-term trajectory for its revenue and EBITDA margin
is positive. This would most likely follow the successful launch of
its diabetes pump product. An upgrade would also be predicated on
our assessment that its financial policy is supportive of
maintaining lower leverage over the longer term."



EMRLD BORROWER: Moody's Rates Up to New $1.9BB Term Loan 'B1'
-------------------------------------------------------------
Moody's Ratings assigned a B1 instrument rating to a new backed
senior secured term loan issuance of up to $1.9 billion by EMRLD
Borrower LP (dba "Copeland") to refinance the company's existing
PIK seller notes in full. The company's B1 corporate family rating
and B1-PD probability of default rating were affirmed.
Concurrently, the ratings on the company's existing backed senior
secured bank credit facilities and backed senior secured notes were
downgraded by one notch to B1 from Ba3. The ratings outlook remains
stable.

The downgrade of the existing senior secured term loan and senior
secured notes is due to the pending change to the company's capital
structure that will now be entirely comprised of senior secured
debt post the repurchase of the company's existing PIK seller
notes.  The PIK seller notes currently provide first loss support
through their subordination to the first lien creditors in a
default scenario.  However that support will go away when the
seller notes are repaid.

The new senior secured term loan will be pari passu with all the
other senior secured debt, and hence it too is rated B1.  The term
loans and notes will now represent the preponderance of debt in the
company's capital structure, and hence are rated at the same level
as the CFR.

Proceeds from the $1.9 billion of new senior secured debt will be
used to fund the repayment of the $2.345 billion seller note held
by Emerson Electric Company ("Emerson", A2 stable) in full. Pro
forma for the proposed refinancing, Moody's expects the transaction
to be modestly deleveraging. Further, as part of the transactions,
private equity funds managed by Blackstone will purchase Emerson's
40% common equity ownership in the Copeland joint venture.

RATINGS RATIONALE

Copeland's B1 CFR primarily reflects the company's high financial
leverage. Debt/EBITDA for the last twelve months ended March 31,
2024 approximates 6.0x. Moody's expects that debt/EBITDA will
improve to around 5.5x by late-2025. This improvement will emanate
from both EBITDA growth and debt repayment. Moody's anticipates
aggressive financial policies that reflect the aforementioned high
financial leverage and greater private equity ownership.

At the same time, the company's ratings are supported by Copeland's
strong market position in the global heating, ventilation, air
conditioning and refrigeration ("HVACR") compressor market. It also
reflects the company's strong business profile, and a very high
percentage of stable recurring revenue and earnings. Copeland
benefits from a sizable revenue base, strong brand recognition in
the compressor end market, a high EBITDA margin in the mid-20%
level, geographic diversity and strong cash generation.

The stable outlook is based on Moody's expectation that Copeland
will deleverage through EBITDA growth and proactive debt repayment
such that debt/EBITDA improves to around 5.5x over the next 12-18
months.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Factors that could cause upward ratings pressure include a
continued successful transition to a stand-alone entity without
business disruption while maintaining strong operating performance.
Meaningful deleveraging, with sustained debt/EBITDA below 4.5x
could also cause upwards ratings pressure. The realization of cost
saving initiatives that translate to higher prospective profit
margins would also be considered.

Conversely, factors that could result in a downgrade include if the
company experiences challenges as it continues to undergo
separation activities from Emerson, or if operating performance or
cash generation weakens. Ratings could also be downgraded due to an
inability or unwillingness to reduce leverage to below 5.5x in the
next 12 to 18 months.

The principal methodology used in these ratings was Manufacturing
published in September 2021.

Headquartered in St. Louis, Missouri, Copeland is an entity under
EMRLD Borrower LP, a joint venture formed by Blackstone and Emerson
with 60% and 40% ownership, respectively. Private equity funds
managed by Blackstone are acquiring the remaining 40% interest held
by Emerson. Copeland is the former Climate Technologies business of
Emerson and a manufacturer of heating, ventilation, air
conditioning, and refrigeration ("HVACR") components globally.
Products include compressors, comfort control and cold chain
related products. Revenue for the twelve months ended March 31,
2024 approximated $4.7 billion.


EMRLD BORROWER: S&P Affirms 'BB-' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings affirmed all its ratings on EMRLD Borrower L.P.
(dba Copeland), including its 'BB-' issuer credit rating. The
outlook remains stable. At the same time, S&P assigned its 'BB-'
issue-level rating and '3' recovery rating to the company's
proposed term loan B facility.

Emerson Electric announced it signed an agreement with Blackstone
to sell its 40% remaining ownership in EMRLD Borrower L.P. (dba
Copeland) for $3.5 billion, which includes the repurchase, at a
discount, of Emerson's $2.345 billion payment in kind (PIK)-only
seller's note that was issued by Copeland.

S&P said, "Our stable rating outlook on Copeland reflects our
forecast that, despite relatively muted organic revenue trends and
margin pressure from costs related to stand-alone and separation
initiatives in 2024, synergy opportunities and the roll off of
separation-related costs will lead to margin expansion and
deleveraging for the next year or two. In addition, we expect FOCF
generation will remain solid and supportive of the company's
liquidity position. Our ratings and outlook also incorporate our
view that Copeland's go-forward financial policy is aligned with
reducing leverage from current levels, as there is limited leverage
cushion in the current rating.

"We view Blackstone's buyout of Emerson's ownership stake as a
modestly negative development. While Blackstone has retained a
controlling ownership in Copeland since the leveraged buyout (LBO),
we viewed Emerson's 40% ownership in the joint venture as positive
for credit quality, given its influence over certain financial
policy decisions and the company's own conservative financial
policy. Furthermore, we viewed the 5% PIK-only $2.345 billion
seller's note, held by Emerson, favorably given its relatively low
interest margin and the cash flow benefits of PIK interest. We
believe the absence of Emerson's ownership and influence over
financial policy decisions increases the risk of leveraging
acquisitions and other corporate decision-making that prioritizes
the interests of its controlling owners (Blackstone), which is
consistent with how we view other financial-sponsor owned
entities.

"We continue to believe, however, that Copeland compares favorably
with many sponsor-owned issuers that we rate. We assess Copeland's
financial risk as highly leveraged, consistent with how we treat
most financial sponsor-owned issuers. We forecast S&P Global
Ratings-adjusted leverage will be in the mid-6x area in fiscal 2024
(ending Sept. 30, and pro forma for the proposed transaction),
improving toward 6x in 2025. Somewhat mitigating this high leverage
is our favorable view of the company's scale in terms of revenue
and EBITDA, and its S&P Global Ratings-adjusted EBITDA margin,
leverage, and cash flow generation, which compare favorably with
many sponsor-owned entities we rate. Specifically, we believe our
forecast for FOCF, particularly beginning in 2025, provides capital
allocation flexibility that smaller sponsor-owned issuers do not
benefit from. Furthermore, we believe Copeland's cash flow
generation will be relatively stable, increasing over the next two
years since the company's business is primarily replacement driven,
which supports relatively predictable and stable long-term demand
trends, and because we assume separation costs begin to roll off in
the next two years.

"We forecast Copeland's leverage will remain below our 7x ratings
downside threshold through 2025. We note the proposed transaction
is deleveraging from a gross debt perspective because the $2.345
billion PIK seller's note is being repurchased at a discount, and
we expect it to be replaced with $1.9 billion in new debt (a
portion of which will be amortizing debt). Given the lower debt
amount in conjunction with our forecast for S&P Global
Ratings-adjusted EBITDA margin to improve over the next two years,
we now forecast S&P Global Ratings-adjusted leverage of around 6.6x
and 6.0x in 2024 and 2025, respectively--lower than our previous
forecast of about 7.0x and 6.7x. We note that S&P Global
Ratings-adjusted leverage in the mid- to high-6x area translates to
only modest cushion relative to our 7x downside ratings threshold
at the current rating. If the company pursues leveraging
acquisitions or debt-funded shareholder returns, it could cause
downward pressure on our rating.

"Our forecast for S&P Global Ratings-adjusted leverage incorporates
our assumption for relatively flat year-over-year revenue in fiscal
2024 as modest price increases, strength in commercial HVAC
markets, and higher aftermarket revenue is offset by volume
declines from global channel inventory destocking (largely in the
first half of the fiscal year) and regulatory uncertainty in
Europe. We believe separation and stand-alone related expenses in
2024 will limit the company's ability to expand its S&P Global
Ratings-adjusted EBITDA margin, since we do not add these costs
back to our measure of EBITDA. In addition, while we forecast lower
separation and stand-alone costs in 2025, we forecast this will be
partially offset by higher restructuring costs as the company works
through global cost optimization opportunities. As a result, we see
relatively flat S&P Global Ratings-adjusted EBITDA margins in the
22%-23% in 2024 (compared with 22.6% in 2023), increasing to the
23%-24% range in 2025. We forecast 2026 S&P Global Ratings-adjusted
EBITDA margins of about 25%-26%, as the restructuring costs related
to cost-optimization initiatives decline substantially.

"Our stable rating outlook on Copeland reflects our forecast that,
despite relatively muted organic revenue trends and margin pressure
from costs related to stand-alone and separation initiatives in
2024, synergy opportunities and the roll off of separation-related
costs will lead to margin expansion and deleveraging for the next
year or two. In addition, we expect FOCF generation will remain
solid and supportive of the company's liquidity position. Our
ratings and outlook also incorporate our view that Copeland's
go-forward financial policy is aligned with reducing leverage from
current levels, as there is limited leverage cushion in the current
rating.

"We could lower our rating on Copeland if we expect its S&P Global
Ratings-adjusted debt to EBITDA will remain above 7x on a sustained
basis, or if FOCF to debt remains below 5% on a sustained basis.
These scenarios could occur if end-market demand declines, if the
company encounters cost overruns related to stand-alone or
restructuring costs, which would affect S&P Global Ratings-adjusted
EBITDA margins, or if the company pursues leveraging acquisitions
or debt-funded shareholder returns."

An upgrade is unlikely within the next 12-24 months considering
Copeland's high debt load and ownership structure.

Nevertheless, S&P could consider raising the ratings if:

-- S&P expects Copeland's S&P Global Ratings-adjusted debt to
EBITDA will decline below 5x and remain at that level;

-- S&P Global Ratings-adjusted FOCF to debt increases to the
high-single-digit percent area, and we expect it to remain at this
level; and

-- Management commits to a financial policy that is commensurate
with this level of leverage, including potential future
acquisitions and shareholder rewards.

S&P said, "Environmental and social factors are an overall neutral
consideration in our credit rating analysis. Copeland has
heightened exposure to environmental factors given the proportion
of global emissions derived from heating and cooling buildings.
However, we believe Copeland's compressor technology helps drive
improved energy efficiency in OEM HVAC systems. We believe Copeland
will continue to dedicate research and development toward higher
efficiency products, which help to reduce end-user emissions.

"Governance factors are a moderately negative consideration in our
credit rating analysis of Copeland, as is the case for most rated
entities owned by private-equity sponsors. We believe the company's
highly leveraged financial risk profile points to corporate
decision-making that prioritizes the interests of its controlling
owners (Blackstone). This also reflects private-equity owners'
generally finite holding periods and focus on maximizing
shareholder returns."



ENDO INTERNATIONAL: Newco Issues Select Q1 2024 Financial Results
-----------------------------------------------------------------
Endo, Inc., a newly formed entity that recently acquired
substantially all of the assets of Endo International plc ("EIP")
as contemplated by EIP's plan of reorganization (the "Plan"),
issued select first-quarter 2024 financial results for EIP
available to investors. EIP's first-quarter financial results were
in-line with its previously provided expectations.  

Endo is providing the following historical financial information of
EIP because, from Endo's formation through March 31, 2024, it had
no operations, business transactions or activities other than those
incidental to its formation or taken in contemplation of the Plan
(including the Acquisition).  Endo had no other assets or
liabilities during the periods presented in this release.  The
following historical financial information of EIP does not give
effect to the transactions contemplated by the Plan or the
application of fresh start accounting expected to apply to Endo's
financial information beginning in the second quarter of 2024.  

EIP CONSOLIDATED FINANCIAL RESULTS

Total revenues were $420 million in first-quarter 2024, a decrease
of 19% compared to $515 million in first-quarter 2023. This
decrease was primarily attributable to decreased revenues from the
Generic Pharmaceuticals segment.

Reported Net Loss in first-quarter 2024 was $154 million compared
to reported Net Loss of $3 million in first-quarter 2023. This
change was primarily due to increased expenses related to the
Chapter 11 reorganization process and decreased revenues.

Adjusted Net Income in first-quarter 2024 was $131 million compared
to $193 million in first-quarter 2023. This change was primarily
driven by decreased revenues.

BRANDED PHARMACEUTICALS SEGMENT

First-quarter 2024 Branded Pharmaceuticals segment revenues were
$201 million compared to $198 million during first-quarter 2023.

Specialty Products revenues increased 4% to $148 million in
first-quarter 2024 compared to $142 million in first-quarter 2023.
This change was primarily due to an increase in XIAFLEX(R)
revenues, partially offset by a decrease in SUPPRELIN(R) LA
revenues mainly driven by lower volumes. First-quarter 2024
XIAFLEX(R) revenues were $113 million, an increase of 17% compared
to $97 million during first-quarter 2023 driven by increased net
selling price and increased volumes.

STERILE INJECTABLES SEGMENT

First-quarter 2024 Sterile Injectables segment revenues were $98
million, a decrease of 3% compared to $101 million during
first-quarter 2023. This decrease was primarily attributable to
competitive pressure on a number of products and was partially
offset by increased VASOSTRICT(R) and ADRENALIN(R) revenues driven
by higher volumes.

GENERIC PHARMACEUTICALS SEGMENT

First-quarter 2024 Generic Pharmaceuticals segment revenues were
$103 million, a decrease of 48% compared to $198 million during
first-quarter 2023. This decrease was primarily attributable to
competitive pressure on varenicline tablets, the generic version of
Chantix(R), and dexlansoprazole delayed release capsules, the
generic version of Dexilant(R), partially offset by increased
revenues from lidocaine patch 5%, the generic version of
LIDODERM(R).

INTERNATIONAL PHARMACEUTICALS SEGMENT

First-quarter 2024 International Pharmaceuticals segment revenues
were $17 million compared to $18 million during first-quarter
2023.

CASH, CASH FLOW AND OTHER UPDATES

As of March 31, 2024, EIP had approximately $641 million in
unrestricted cash and cash equivalents. First-quarter 2024 net cash
provided by operating activities was approximately $26 million
compared to approximately $62 million net cash provided by
operating activities during first-quarter 2023. This change was
primarily driven by decreased revenues.

2024 FINANCIAL EXPECTATIONS

Endo is providing financial guidance for the full-year ending
December 31, 2024, which guidance includes EIP's financial results
prior to the Acquisition.

A copy of the Endo's financial statements is available at
https://tinyurl.com/f85jw9ww

                  About Endo International PLC

Endo International plc (OTC: ENDPQ) is a generics and branded
pharmaceutical company.  It develops, manufactures, and sells
branded and generic products to customers in a wide range of
medical fields, including endocrinology, orthopedics, urology,
oncology, neurology, and other specialty areas.  On the Web:
http://www.endo.com/    

Endo International and certain of its subsidiaries initiated
voluntary prearranged Chapter 11 proceedings (Bankr. S.D.N.Y. Lead
Case No. 22-22549) on Aug. 16, 2022.

On May 25, 2023, Operand Pharmaceuticals Holdco II Limited and
Operand Pharmaceuticals Holdco III Limited each filed a voluntary
Chapter 11 petition also in the U.S. Bankruptcy Court for the
Southern District of New York.  On May 31, 2023, Operand
Pharmaceuticals II Limited and Operand Pharmaceutical III Limited
each filed a voluntary Chapter 11 petition also in the Southern
District of New York.

The Company's cases are jointly administered before the Honorable
James L. Garrity, Jr.

Endo initiated the financial restructuring process after reaching
an agreement with a group of its senior debtholders on a
transaction that would substantially reduce outstanding debt,
address remaining opioid and other litigation-related claims, and
best position Endo for the future. This would allow the Company to
advance its ongoing business transformation from a strengthened
financial position to create compelling value for its stakeholders
over the long term.

Endo's India-based entities are not part of the Chapter 11
proceedings.  The Company has filed recognition proceedings in
Canada and expects to file similar proceedings in the United
Kingdom and Australia.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as
legal counsel; PJT Partners, LP as investment banker; and Alvarez &
Marsal North America, LLC as financial advisor.  Kroll
Restructuring Administration, LLC, is the claims agent and
administrative advisor. A Website dedicated to the restructuring is
at http://www.endotomorrow.com/    

Roger Frankel, the legal representative for future claimants in the
Chapter 11 cases, tapped Frankel Wyron LLP and Young Conaway
Stargatt & Taylor, LLP, as legal counsels, and Ducera Partners,
LLC, as investment banker.



EPIC! CREATIONS: Creditors File Involuntary Chapter 11 in Delaware
------------------------------------------------------------------
Janine Phakdeetham of Bloomberg News reports that a group of
creditors petitioned to place multiple units tied to Indian
education technology company Byju's into bankruptcy, saying the
companies aren’t paying their debts as they come due.

Creditors led by HPS Investment Partners filed involuntary Chapter
11 cases in Delaware against Neuron Fuel Inc., Epic! Creations Inc.
and Tangible Play Inc. on Wednesday. All three were once affiliated
with Byju's Alpha, a unit of the once high-flying startup that was
put into bankruptcy earlier this year after defaulting on $1.2
billion of debt.

Involuntary bankruptcy cases, which are brought by debt holders,
require a company to either agree to put itself into court
protection or fight the creditors in court. Firms including Redwood
Capital Management, Veritas Capital and loan agent Glas Trust also
brought the latest petitions, court papers show.

The units now being filed were affiliates of Byju’s Alpha until
March 2023, when Glas Trust took control of the Alpha unit,
according to court papers.

Byju’s, once one of India’s hottest tech startups, has been in
a prolonged fight with creditors over a debt restructuring. The
firm’s eponymous founder Byju Raveendran built an aggressively
expanding education company that was once valued at $22 billion but
struggled when demand for tutoring dropped off as the pandemic
waned and schools reopened.

The company and its lenders are now battling in courts in Delaware
and New York, primarily over where the troubled company stashed
$533 million that jilted lenders say should go to them.

                   About Epic! Creations Inc.

Epic! Creations Inc. -- https://www.getepic.com/ -- doing business
as Byju's, retails books online. The Company offers digital library
which includes kids books, ebooks, and videos. Epic! Creations
serves customers in the State of California.

Alleged creditors of Epic! Creations sought involuntary petition
under Chapter 11 of the the U.S. Bankruptcy Code against Epic!
Creations (Bankr. D. Del. Case No. 24-11161) on June 5, 2024.

The creditors who signed the petition are:

    * HPS Investment Partners, LLC,
    * TBK Bank, SSB
    * Redwood Capital Management, LLC,
    * Veritas Capital Credit Opportunities Fund SPV, L.L.C. and
Veritas Capital Credit Opportunities Fund II SPV, L.L.C.
    * HGV BL SPV, LLC,
    * Midtown Acquisitions GP LLC,
    * Silver Point Capital, L.P.,
    * Shawnee 2022-1 LLC,
    * Sentinel Dome Partners, LLC,
    * Stonehill Capital Management LLC,
    * Diameter Capital Partners LP,
    * Ellington CLO III, Ltd. and Ellington Special Relative Value
Fund L.L.C.
    * GLAS Trust Company LLC, in its capacity as administrative
agent and collateral agent,
    * Continental Casualty Company, and
    * India Credit Solutions, L.P.

Glas Trust Company is represented by:

       Laura Davis Jones
       Pachulski, Stang, Ziehl & Jones LLP
       302-778-6401
       ljones@pszjlaw.com

TBK Bank, et al., are represented by:

       G. David Dean
       Cole Schotz P.C.
       302-652-3131
       ddean@coleschotz.com


EQUITRANS MIDSTREAM: S&P Places 'BB-' ICR on Watch Positive
-----------------------------------------------------------
S&P Global Ratings revised the CreditWatch implications on its
ratings on Equitrans Midstream (ETRN), including the 'BB-' issuer
credit rating, to positive from developing. S&P had placed the
ratings on CreditWatch with developing implications following the
announced acquisition plan.

The CreditWatch reflects the likelihood that S&P could raise its
ratings if ETRN is acquired by EQT.

On March 11, 2024, EQT announced it entered into a definitive
merger agreement to acquire ETRN through an all-stock transaction.
Pro forma for the transaction, EQT shareholders will own 74% and
ETRN shareholders will own 26% of the combined company.

The transaction included a contingency that MVP be authorized by
the FERC to commence service. On June 11, the FERC provided this
authorization. As a result, S&P believes there is now an increased
likelihood of the transaction closing, and as a result have revised
our CreditWatch Developing to a CreditWatch Positive.

S&P said, "This reflects our view that if the transaction closes,
we would view it as supportive of ETRN's credit quality and believe
that it is likely ETRN will be considered a core subsidiary of EQT.
If this occurs, we would expect to align our ratings on ETRN with
those on EQT. This determination will be made closer to transaction
close when we have additional details on the acquisition. EQT is
rated 'BBB-' with a negative outlook. For our views on EQT Corp.
please see the recently published research update.

"The CreditWatch positive placement reflects the potential impact
to the rating if the transaction with EQT closes. If ETRN is
acquired by EQT, we could raise our ratings on ETRN three notches
to align them with our prospective rating on EQT. We anticipate
resolving our CreditWatch following the close of the transaction."



EUSHI FINANCE: Moody's Rates New $500MM Sub. Notes Due 2054 'Ba1'
-----------------------------------------------------------------
Moody's Ratings assigned a Ba1 rating to EUSHI Finance, Inc.'s
(EUSHI Finance) $500 million Backed Junior Subordinated Notes due
2054 ("Notes"). EUSHI Finance's rating outlook is negative. EUSHI
Finance is a US financing subsidiary of Emera Inc. (Emera, Baa3
negative).  

RATINGS RATIONALE

Payment of principal and interest on the Notes is fully and
unconditionally guaranteed on a joint, several and subordinated
basis by Emera and Emera US Holdings, Inc. (EUSHI, unrated). As a
result of the guarantee, EUSHI Finance's rating is directly
correlated to Emera's credit profile and rating.

The Ba1 rating assigned to the Notes is one notch below Emera's
Baa3 senior unsecured rating and reflects the security's relative
position in Emera's capital structure compared to its senior
unsecured debt. The one notch differential between the Notes rating
and the senior unsecured rating is consistent with Moody's
methodology guidance for notching corporate instrument ratings
based on differences in security and priority of claim.

The net proceeds from the junior subordinated notes issuance will
be used to repay Emera US Finance LP's (Emera US Finance, Baa3
negative) $300 million of senior unsecured notes due on June 15,
2024 and for general corporate purposes.

In Moody's view, the Notes have equity-like features which allow
them to receive basket "M" treatment (i.e. 50% equity and 50% debt)
for the purpose of adjusting financial statements.

Outlook

The negative outlook reflects the negative outlook on Emera.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

Factors that could lead to an upgrade

-- An upgrade of the rating of Emera
Factors that could lead to a downgrade

-- A downgrade of the rating of Emera or any changes to the
unconditional guarantee of the notes

The principal methodology used in this rating was Regulated
Electric and Gas Utilities published in June 2017.

EUSHI Finance is a 100% owned financing subsidiary of EUSHI, an
intermediate holding company and subsidiary of Emera. EUSHI does
not have any operations and serves as the holding company of
Emera's assets located in the United States. Emera is a diversified
utility and energy services holding company. As of March 31, 2024,
Emera reported CAD40 billion in assets and CAD7.1 billion in
revenues with over 95% of consolidated earnings from regulated
businesses.


EXPRESS INC: Moves Forward With $160Mil. Sale of Biz to Mall Owners
-------------------------------------------------------------------
Jonathan Randles of Bloomberg News reports that Express Inc. is
moving forward with a $160 million sale of its business to a group
that includes its mall landlords, easing earlier concerns that the
bankrupt clothing retailer could shut down in Chapter 11.

Judge Karen Owens on Thursday, June 6, 2024, authorized Express to
sell its business to a company led by WHP Global, a brand licensing
company backed by Ares Management Corp., Oaktree Capital Management
and Solus Alternative Asset Management LP, that includes mall
owners Simon Property Group and Brookfield Properties.

                       About Express Inc.

Express, Inc., operates specialty retail apparel stores. The
Company offers apparel and accessories such as jeans, sweaters,
dresses, suits, and coats. Express serves customers in the United
States.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10831) on April
22, 2024. In the petition signed by Stewart Glendinning, chief
executive officer, the Debtor disclosed $1,298,055,000 in assets
and $1,199,781,226 in liabilities.

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as bankruptcy counsel; Klehr Harrison Harvey
Branzburg, LLP as local bankruptcy counsel; Moelis & Company, LLC
as investment banker; M3 Advisory Partners, LP as restructuring
advisor; and Stretto, Inc. as claims agent.

Stephen L. Iacovo, Esq., at Ropes & Gray, LLP serves as counsel to
ReStore Capital, LLC, agent to the FILO Lenders. ReStore is also
the agent under a second lien senior secured DIP single-draw term
facility. AlixPartners, LLP serves as advisor to the DIP agents.

Randall L. Klein, Eseq., Eva D. Gadzheva, Esq., and Dimitri G.
Karcazes, Esq., at Goldberg Kohn Ltd., serve as counsel to Wells
Fargo Bank, National Association, as first lien ABL agent. Wells
Fargo is also the agent under a first lien senior secured DIP
revolving credit facility.


EYECARE PARTNERS: XAI Octagon Marks $950,562 Loan at 48% Off
------------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$950,562 loan extended Eyecare Partners, LLC to market at $493,341
or 52% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in XAI Octagon's Form N-CSR for the
Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission.

XAI Octagon is a participant in an Amendment No. 1 Senior Secured
First Lien Loan (3MSOFR + 3.750%) to Eyecare Partners, LLC. The
loan matures on November 15, 2028.

XAI Octagonis a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

          - and -     

     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.:(312) 374-6930

EyeCare Partners, LLC, headquartered in St. Louis, Missouri, is a
medically focused eye care services provider. EyeCare Partners is
vertically integrated, providing optometry, ophthalmology and
retail products.


FARADAY FUTURE: Incurs $431.7 Million Net Loss in 2023
------------------------------------------------------
Faraday Future Intelligent Electric Inc. filed with the Securities
and Exchange Commission its Annual Report on Form 10-K reporting a
net loss of $431.74 million on $784,000 of auto sales revenues for
the year ended Dec. 31, 2023, compared to a net loss of $602.24
million on $0 of auto sales revenues for the year ended Dec. 31,
2022.

As of Dec. 31, 2023, the Company had $530.54 million in total
assets, $302.30 million in total liabilities, and $228.24 million
in total stockholders' equity.

New York, NY-based Mazars USA LLP, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
May 28, 2024, citing that the Company has incurred operating losses
since inception, has continued cash outflows from operating
activities, and has an accumulated deficit.  These conditions raise
substantial doubt about its ability to continue as a going
concern.

Faraday Future said, "We do not have sufficient cash on hand to
meet our current obligations and are unable to generate cash
through our ATM Program or via our Registration Statement because
we are not currently S-3 eligible...We also have extremely limited
remaining authorized share availability to generate cash through
equity or equity-linked issuances.  If we are unable to find
additional sources of capital, we will lack sufficient resources to
fund our outstanding obligations and continue operations and we
will likely have to file for bankruptcy protection and our assets
will likely be liquidated.  Our equity holders would likely not
receive any recovery at all in a bankruptcy scenario."

A full-text copy of the Form 10-K is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1805521/000162828024025420/ffie-20231231.htm

                       About Faraday Future

Los Angeles, CA-based Faraday Future (NASDAQ: FFIE) --
http://www.ff.com-- designs and engineers next-generation
intelligent, connected, electric vehicles.  FF manufactures
vehicles at its production facility in Hanford, California, with
additional future production capacity needs addressed through a
contract manufacturing agreement with Myoung Shin Co., Ltd., an
automotive manufacturer headquartered in South Korea.  FF has
additional engineering, sales, and operational capabilities in
China and is exploring opportunities for potential manufacturing
capabilities in China through a joint venture or other
arrangements.


FARADAY FUTURE: Li Han Quits as Director for Personal Reasons
-------------------------------------------------------------
Faraday Future Intelligent Electric Inc. disclosed in a Form 8-K
filed with the Securities and Exchange Commission that on June 9,
2024, Li Han, a member of the Board of Directors of the Company,
notified the Board that she will resign as a director of the
Company for personal reasons, effective immediately.  Ms. Han also
served as a member of the Nominating and Corporate Governance
Committee.  According to the Company, Ms. Han may continue serving
as an advisor to the Company focusing on legal and strategic
business development, given her relevant background and
experience.

                       About Faraday Future

Los Angeles, CA-based Faraday Future (NASDAQ: FFIE) --
http://www.ff.com-- designs and engineers next-generation
intelligent, connected, electric vehicles.  FF manufactures
vehicles at its production facility in Hanford, California, with
additional future production capacity needs addressed through a
contract manufacturing agreement with Myoung Shin Co., Ltd., an
automotive manufacturer headquartered in South Korea.  FF has
additional engineering, sales, and operational capabilities in
China and is exploring opportunities for potential manufacturing
capabilities in China through a joint venture or other
arrangements.

New York, NY-based Mazars USA LLP, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
May 28, 2024, citing that the Company has incurred operating losses
since inception, has continued cash outflows from operating
activities, and has an accumulated deficit.  These conditions raise
substantial doubt about its ability to continue as a going concern.


FAT DADDY: Court OKs Cash Collateral Access Thru July 16
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Ohio
authorized Fat Daddy Co. to use cash collateral on an interim basis
in accordance with the budget, through July 16, 2024.

The Debtor asserts these entities have or may have a prepetition
lien on the Debtor's cash collateral:

     a. Credibly of Arizona in the amount of $62,442
     b. Proventure Capital LLC in the amount of $27,000(disputed)
     c. Alpine Advance 5 LLC in the amount of $64,457
     d. Capify Capital in the amount of $ unknown
     e. Cardinal Funding Group in the amount of $30,000
     f. Blade Funding in the amount of $83,021.
     g. Diesel Funding LLC in the amount of $28,366
     i. EBF Holdings, LLC dba Everest Business Funding in the
amount of $80,000.
     j. Reef Funding in the amount of $60,304
     k. Square Funding in the amount of $97,435
     l. Wynwood Capital in the amount of $60,842
     m. Delta Capital the amount is unknown
     n. CT Corporation System, as Agent the amount and creditor is
unknown
     o. Corporation Service Company, as Agent the amount and
creditor is unknown

The Debtor asserts that it is unable to determine who would be in
the first position with regard to perfection of the security
interests on the items subject to the cash collateral order for the
reason that the initial filing was by CT Corporation as agent, with
no indication as to the party for whom they were agent.

As adequate protection, the Prepetition Lenders are granted valid,
binding, enforceable and perfected postpetition replacement liens
on the Debtor's post-petition property in the same validity,
priority, and extent as they existed before the Petition Date, and
additional liens solely to the extent of any diminution of the
Prepetition Lenders' Collateral, in all of the Debtor's assets.

A final hearing on the matter is set for July 16, 2024 at 11 a.m.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=7IzPRp from PacerMonitor.com.

The Debtor projects $194,184 in income and $188,513 in expenses for
the period from June 4 to July 16, 2024.

            About Fat Daddy Co.

Fat Daddy Co. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No 23-61331-tnap) on
November 9, 2023. In the petition signed by Matthew C. Webster,
president, the Debtor disclosed up to $50,000 in assets and up to
$1 million in liabilities.

Judge Tiiara N.A. Patton oversees the case.

Edwin H. Breyfogle, Esq. represents the Debtor as legal counsel.


FREE SPEECH: Court Holds Off Shutd Down, Liquidation
----------------------------------------------------
Cameron Thompson of Courthouse News Service reports that a federal
bankruptcy judge declined to immediately shut down and liquidate
Free Speech Systems, the parent company of conspiracy theorist Alex
Jones' InfoWars, as bankruptcy proceedings against Jones and the
company proceed.

Jones and his company filed for bankruptcy in the fall of 2022,
after two defamation judgments against him. Jones had falsely
claimed that the 2012 Sandy Hook Elementary School massacre in
Connecticut was a hoax, and he was ordered to pay $1.5 billion to
the families of the victims for those claims.

On June 2, 2024 lawyers for many of those families filed an
emergency motion to shift Free Speech Systems' case from a Chapter
11 proceeding for reorganization to a Chapter 7 proceeding for
liquidation.

"At this time, FSS has no prospect of a confirmable plan of
reorganization, and has failed to demonstrate any hope of beginning
to satisfy the Connecticut Families' claims," the families said in
the motion.

U.S. Bankruptcy Judge Christopher Lopez declined to address the
motion in a hearing for Jones' case on Monday, June 3, 2024,
deferring it until June 14, when the next hearing for the case is
set.

Beyond the financial considerations, large sections of the motion
addressed Jones' recent conduct. Over the weekend, Jones appeared
on what he called "emergency broadcasts" of his InfoWars web and
radio shows and spoke for several hours about the bankruptcy case,
including his dispute with the chief restructuring officer
appointed to oversee Free Speech Systems.

During the broadcasts, he claimed that his studio would be shut
down soon, saying, "there's really no avenue out of this." He
called on his followers to surround the building to stop the
company's dismantling. But then he also claimed that he would soon
be back in control of Free Speech Systems, and stated: "At the end
of the day, we’re going to beat these people."

In their motion on Sunday, the families' quoted InfoWars broadcasts
repeatedly, noting that Jones made several "false and offensive"
statements about the chief restructuring officer and threatened to
blockade the Free Speech Systems' offices.

"Jones' statements are concerning for a number of reasons, but most
notably, they undermine the ability of a trustee to carry out any
liquidation of Jones' estate that involves his divestiture from
FSS, as well as creditors' ability to exercise their state law
rights to enforce their claims. Jones' threats to undermine this
court's orders should not be condoned," the families wrote.

After nearly two years in bankruptcy court, the parties have yet to
come to an agreement. The attorneys for the families have rejected
several plans from the lawyers for Jones and Free Speech Systems. A
related adversary proceeding between Free Speech and PQPR Holdings
Limited, the company that supplies the supplements InfoWars sells
on its site, has also presented another hurdle in the process, with
PQPR's attorneys and the families' attorneys disagreeing over
elements of both cases.

Lopez has given the parties until June 14, 2024 to come up with and
agree to a plan for the Free Speech Systems bankruptcy. At that
point, the judge stated during a recent hearing, the case "is
either going to get dismissed or confirmed" unless the parties
convince him otherwise. If dismissed, the case goes back before the
state courts where the verdicts were handed down.

                   About Free Speech Systems

Free Speech Systems LLC is a broadcast media production and
distribution company that provides broadcasting aural programs by
radio to the public. Free Speech Systems is a family-run business
founded by Alex Jones.

FSS is presently engaged in the business of producing and
syndicating Jones' radio and video talk shows and selling products
targeted to Jones' loyal fan base via the Internet. Today, FSS
produces Alex Jones' syndicated news/talk show (The Alex Jones
Show) from Austin, Texas, which airs via the Genesis Communications
Network on over 100 radio stations across the United States and via
the internet through websites including Infowars.com.

Due to the content of Alex Jones' shows, Jones and FSS have faced
an all-out ban of Infowars from mainstream online spaces. Shunning
from financial institutions and banning Jones and FSS from major
tech companies began in 2018.

Conspiracy theorist Alex Jones has been sued by victims' family
members over Jones' lies that the 2012 Sandy Hook Elementary School
shooting was a hoax.

Jones' InfoW LLC and affiliates, IWHealth, LLC and Prison Planet
TV, LLC, filed petitions under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 22-60020) on April
18, 2022.

The Debtors agreed to the dismissal of the Chapter 11 cases in June
2022 after the Sandy Hook victim families dismissed the three
bankrupt companies from their lawsuits.

Free Speech Systems filed a voluntary petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Case No. 22-60043) on July 29, 2022. In the petition filed by W.
Marc Schwartz, as chief  restructuring officer, the Debtor reported
assets and liabilities between $50 million and $100 million.
Melissa A Haselden has been appointed as Subchapter V trustee.

Alexander E. Jones filed for personal bankruptcy under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 4:22-bk-60043) on
Dec. 2, 2022, listing $1 million to $10 million in assets against
liabilities of $1 billion to $10 billion in liabilities.

Raymond William Battaglia, of Law Offices of Ray Battaglia, PLLC,
is FSS's counsel. Raymond W. Battaglia and Crowe & Dunlevy, P.C.,
led by Vickie L. Driver, Christina W. Stephenson, Shelby A. Jordan,
and Antonio Ortiz are representing Alex Jones.


FREE SPEECH: Jones Asks Court to Convert His Case to Chapter 7
--------------------------------------------------------------
Vince Sullivan of Law360 reports that right-wing radio host Alex
Jones asked a Texas bankruptcy court to convert his bankruptcy case
to a Chapter 7 liquidation, abandoning his proposed plan to
reorganize his personal debts in the face of more than $1 billion
in defamation claims from the families of Sandy Hook school
shooting victims.

                   About Free Speech Systems

Free Speech Systems LLC is a broadcast media production and
distribution company that provides broadcasting aural programs by
radio to the public. Free Speech Systems is a family-run business
founded by Alex Jones.

FSS is presently engaged in the business of producing and
syndicating Jones' radio and video talk shows and selling products
targeted to Jones' loyal fan base via the Internet. Today, FSS
produces Alex Jones' syndicated news/talk show (The Alex Jones
Show) from Austin, Texas, which airs via the Genesis Communications
Network on over 100 radio stations across the United States and
via
the internet through websites including Infowars.com.

Due to the content of Alex Jones' shows, Jones and FSS have faced
an all-out ban of Infowars from mainstream online spaces. Shunning
from financial institutions and banning Jones and FSS from major
tech companies began in 2018.

Conspiracy theorist Alex Jones has been sued by victims' family
members over Jones' lies that the 2012 Sandy Hook Elementary School
shooting was a hoax.

Jones' InfoW LLC and affiliates, IWHealth, LLC and Prison Planet
TV, LLC, filed petitions under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 22-60020) on April
18, 2022.

The Debtors agreed to the dismissal of the Chapter 11 cases in June
2022 after the Sandy Hook victim families dismissed the three
bankrupt companies from their lawsuits.

Free Speech Systems filed a voluntary petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Case No. 22-60043) on July 29, 2022. In the petition filed by W.
Marc Schwartz, as chief  restructuring officer, the Debtor reported
assets and liabilities between $50 million and $100 million.
Melissa A Haselden has been appointed as Subchapter V trustee.

Alexander E. Jones filed for personal bankruptcy under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 4:22-bk-60043) on
Dec. 2, 2022, listing $1 million to $10 million in assets against
liabilities of $1 billion to $10 billion in liabilities.

Raymond William Battaglia, of Law Offices of Ray Battaglia, PLLC,
is FSS's counsel. Raymond W. Battaglia and Crowe & Dunlevy, P.C.,
led by Vickie L. Driver, Christina W. Stephenson, Shelby A. Jordan,
and Antonio Ortiz are representing Alex Jones.


FTX GROUP: Wants Chapter 11 Stayed on the Competing Claims on Asset
-------------------------------------------------------------------
Emlyn Cameron of Law360 reports that defunct cryptocurrency
exchange FTX has urged a Delaware bankruptcy judge to put the
brakes on multidistrict litigation targeting former company
insiders, arguing that those claims rightfully belong to the
bankruptcy estate and that any property recovered should instead go
to creditors.  

                      About FTX Group

FTX is the world's second-largest cryptocurrency firm. FTX is a
cryptocurrency exchange built by traders, for traders. FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9, 2022, struck a deal to
sell itself to its giant rival Binance, but Binance walked away
from the deal amid reports on FTX regarding mishandled customer
funds and alleged US agency investigations. Bankman-Fried agreed to
step aside, and restructuring vet John J. Ray III was quickly named
new CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
billion in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year.  

According to Reuters, SBF shared a document with investors on Nov.
10, 2022, showing FTX had $13.86 billion in liabilities and $14.6
billion in assets. However, only $900 million of those assets were
liquid, leading to the cash crunch that ended with the company
filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor. Kroll is the claims agent,
maintaining the page https://cases.ra.kroll.com/FTX/Home-Index

The Official Committee of Unsecured Creditors tapped Paul Hastings
as counsel, FTI Consulting, Inc., as financial advisor, and
Jefferies LLC as the investment banker. Young Conaway Stargatt &
Taylor LLP is the Committee's Delaware and conflicts counsel.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.

White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation. Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.





GGA REDDY FAMILY: Seeks Chapter 11 Bankruptcy in Texas
------------------------------------------------------
GGA Reddy Family Limited Partnership LP filed for chapter 11
protection in the Southern District of Texas.  According to court
filing, the Debtor reports between $1 million and $10 million in
debt owed to 1 and 49 creditors.  The petition states funds will
not be available to unsecured creditors.

           About GGA Reddy Family Limited Partnership LP

GGA Reddy Family Limited Partnership LP sought relief under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-32588)
on June 3, 2024. In the petition signed by Malladi S. Reddy, as
general partner, the Debtor reports estimated assets between
$500,000 and $1 million and estimated liabilities between $1
million and $10 million.

The Debtor is represented by:

     Michael L Weems, Esq.
     HughesWattersAskanase
     730 North Post Oak
     Suite 330
     Houston, TX 77024


HELIX ENERGY: All Proposals Pass at Annual Meeting
--------------------------------------------------
Helix Energy Solutions Group, Inc. held its Annual Meeting of
Shareholders on May 15, 2024, during which the Company's
shareholders:

     * Elected Amerino Gatti, Diana Glassman, and Owen Kratz as
Class II directors to the Company's Board of Directors to serve a
three-year term expiring at the annual meeting of shareholders in
2027 or, if at a later date, until their respective successor is
elected and qualified.

     * Ratified the selection of KPMG LLP as the Company's
independent registered public accounting firm for 2024.

     * Approved, on a non-binding advisory basis, the 2023
compensation of its named executive officers.

     * Approved the 2005 Long-Term Incentive Plan, as Amended and
Restated.

                        About Helix Energy

Helix Energy Solutions Group, Inc. is an American oil and gas
services company headquartered in Houston, Texas.

As of March 31, 2024, the Company had $2.6 billion in total assets,
$1.15 billion in total liabilities, and $1.5 billion in total
stockholders' equity.

                           *     *     *

Egan-Jones Ratings Company on September 21, 2023, maintained its
'CCC+' foreign currency and local currency senior unsecured ratings
on debt issued by Helix Energy Solutions Group, Inc.


HILLTOP SPV LLC: Kicks Off Subchapter V Bankruptcy Process
----------------------------------------------------------
Hilltop SPV LLC filed for chapter 11 protection in the Western
District of Texas. According to court filing, the Debtor reports
between $1 million and $10 million in debt owed to 1 and 49
creditors. The petition states funds will not be available to
unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
July 8, 2024 at 3:00 p.m. in Room Telephonically on telephone
conference line: (866)711-2282. participant access code:3544189#).

                     About Hilltop SPV LLC

Hilltop SPV LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-60308) on
June 3, 2024.  In the petition signed by Erik White, as chief
restructuring officer, the Debtor reports estimated assets and
liabilities between $1 million and $10 million each.

The Honorable Bankruptcy Judge Michael M Parker oversees the case.

The Debtor is represented by:

     Jameson Joseph Watts, Esq.
     Husch Blackwell LLP
     1437 South Boulder, Suite 700
     Tulsa, OK 74119
     Tel: 512-479-1179
     E-mail: jameson.watts@huschblackwell.com


HKLTN INVESTMENT: Commences Subchapter V Bankruptcy Process
-----------------------------------------------------------
HKLTN Investment LLC filed for chapter 11 protection in the Eastern
District of Texas. According to court documents, the Debtor reports
between $1 million and $10 million in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

                  About HKLTN Investment LLC

HKLTN Investment LLC is a limited liability company.

HKLTN Investment LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 24-41310) on
June 3, 2024. In the petition filed by Hai Nguyen, as president,
the Debtor reports estimated assets and liabilities between $1
million and $10 million each.


IHEARTMEDIA INC: Taps PJT Partners for Debt Help
------------------------------------------------
Reshmi Basu of Bloomberg News reported that iHeartMedia Inc. is
getting advice on its capital structure from PJT Partners,
according to people with knowledge of the matter.

iHeart shares fell to a record low last month after the San
Antonio-based company reported first-quarter revenue that missed
analyst expectations.

The company's $1.86 billion term loan due 2026 is quoted at about
79 cents on the dollar, according to data compiled by Bloomberg.

iHeart had more than $5.2 billion of debt as of March 31 spread
across various secured and unsecured facilities.

                   PIMCO Forms Breakaway Group

Bloomberg also reported last week that Pacific Investment
Management Co. is laying the groundwork for a potential brawl over
the future of iHeartMedia Inc.

The investment firm is in the process of creating a breakaway group
and hired Davis Polk & Wardwell, a New York law firm with a history
of leading sharp-elbowed creditor battles, according to people
familiar with the matter, who asked not to be identified because
the information isn't public.

The group is also getting debt advice from Perella Weinberg
Partners, some of the people said.

                       Potential Restructuring

IHeart, which emerged from Chapter 11 five years ago, is facing a
potential restructuring as radio advertising dries up and younger
audiences tune in elsewhere.  Its debt trades in distressed
territory and its shares have plunged almost 60% this year.

Some of the company's creditors, including Pimco, were previously
working with financial adviser Evercore and law firm Milbank.  Some
holders are sticking with Evercore and have turned to Gibson Dunn &
Crutcher for help securing an agreement that pushes out the
maturities on the debt, according to some of the people.  The
advisers are drawing up a cooperation pact that would require them
to act together, they added.

Creditor fights have proliferated in recent years as investors
aggressively jockey for an edge in complicated restructuring deals.
In the past, they’ve turned to controversial refinancing
agreements that allow lenders to jump to the front of the repayment
line. Pimco played a key role in a creditor-on-creditor clash that
involved struggling aerospace supplier Incora that’s now at the
center of an ongoing court battle.

Meanwhile, iHeart is receiving debt advice from PJT Partners, which
has been reaching out to large debtholders, the people added.

Representatives with Pimco, iHeart, Perella and PJT declined to
comment. Representatives for Davis Polk, Evercore, Milbank and
Gibson Dunn did not immediately respond to a request for comment.

IHeart had more than $5.2 billion of debt as of March 31 spread
across various secured and unsecured facilities, according to
regulatory filings. A roughly $1.8 billion term loan due in 2026
trades around 78.5 cents on the dollar, data compiled by Bloomberg
show. An $800 million 6.375% note maturing in 2026 traded at about
79, down from around 86.5 cents on May 6, according to pricing
source Trace.

                       About iHeart Media

iHeartmedia Inc. develops, owns, and operates the iHeart.com
Website, which includes a broad selection of video content posted
along with their stories.






INFINERA CORP: All Four Proposals Passed at Annual Meeting
----------------------------------------------------------
Infinera Corporation disclosed in a Form 8-K filed with the
Securities and Exchange Commission that at the Annual Meeting of
Stockholders of the Company held on June 12, 2024, the Company's
stockholders:

   (1) elected David W. Heard, Paul J. Milbury, and David F. Welch,

       Ph.D. to serve on the Board of Directors for a three-year
       term expiring at the 2027 Annual Meeting of Stockholders or
       until their respective successors have been duly elected and

       qualified;

   (2) approved the Company's 2016 Plan, as amended, including
       increasing the number of shares authorized for issuance
       thereunder by 7,100,000 shares;

   (3) approved, on an advisory basis, the compensation of the
       Company's Named Executive Officers as described in the
Proxy
       Statement; and

   (4) ratified the appointment of Ernst & Young LLP as the
       Company's Independent Registered Public Accounting Firm for

       the Fiscal Year Ending Dec. 28, 2024.

Christine B. Bucklin, Gregory P. Dougherty, Sharon E. Holt, Roop K.
Lakkaraju, Amy H. Rice and George A. Riedel will continue to serve
as members of the Board until the expiration of their respective
terms or until their respective successors have been duly elected
and qualified.

                        About Infinera Corp.

Headquartered in Sunnyvale, Calif., Infinera Corp. --
www.infinera.com -- is a semiconductor manufacturer and global
supplier of networking solutions comprised of networking equipment,
optical semiconductors, software and services.  The Company's
portfolio of solutions includes optical transport platforms,
converged packet-optical transport platforms, compact modular
platforms, optical line systems, coherent optical engines and
subsystems, a suite of automation software offerings, and support
and professional services.  Leveraging its U.S.-based compound
semiconductor fabrication plant ("fab") and in-house test and
packaging capabilities, the Company designs, develops and
manufactures indium phosphide-based photonic integrated circuits
("PICs") for use in its vertically integrated, high-capacity
optical communications products.

Infinera reported a net loss of $25.21 million for the year ended
Dec. 30, 2023, a net loss of $76.04 million for the year ended Dec.
31, 2022, a net loss of $170.8 million for the year ended Dec. 25,
2021, a net loss of $206.7 million for the year ended Dec. 26,
2020, and a net loss of $386.62 million for the year ended Dec. 28,
2019, a net loss of $214.29 million for the year ended Dec. 29,
2018, and a net loss of $194.51 million for the year ended Dec. 30,
2017.


INNOVEREN SCIENTIFIC: Grosses $250K From Sale of Common Stock
-------------------------------------------------------------
Innoveren Scientific, Inc. dicslosed in a Form 8-K filed with the
Securities and Exchange Commission on June 11, 2024, that on June
4, 2024, it entered into a securities purchase agreement with four
accredited investor for the sale of shares of Common Stock and
warrants.

Pursuant to the Purchase Agreement, the Company sold an aggregate
of 1,000,000 shares of common stock and 1,000,000 warrants to
purchase shares of Common Stock exercisable at $0.50 per share for
gross proceeds of $250,000.  All of the shares and warrants
described in this Current Report on Form 8-K are being offered and
issued to four accredited investors in reliance upon exemptions
from the registration requirements under Section 4(a)(2) under the
Securities Act of 1933, as amended, and Rule 506 of Regulation D
promulgated thereunder.

                    About Innoveren Scientific

Innoveren Scientific Inc. (formerly H-CYTE Inc.) --
http://www.InnoverenScientific.com/-- is a life science and
biotech incubator company, focused on advancing new technologies in
areas of unmet need across multiple indications, with the ultimate
goal of improving patient lives.  The company invests in and
fosters innovative technologies that are supported by a strong
scientific foundation, which have relatively short timelines and
low costs to achieve meaningful value inflection points.

Tampa, Florida-based Frazier & Deeter, LLC, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated May 10, 2023, citing that the Company has negative working
capital, has an accumulated deficit, has a history of significant
operating losses and has a history of negative operating cash flow
that raise substantial doubt about its ability to continue as a
going concern.

The Company has not filed Annual Report 10-K for the period ended
Dec. 31, 2023, and its Quarterly Report on Form 10-Q for the period
ended March 31, 2024.


INTELGENX TECHNOLOGIES: Quebec Court OKs Sale & Investment Process
------------------------------------------------------------------
IntelGenx Technologies Corp. disclosed in a Form 8-K filed with the
Securities and Exchange Commission on June 7, 2024, that on May 27,
2024, it obtained an order from the Quebec Superior Court
(Commercial Division) approving the implementation of a sale and
investment solicitation process (the "SISP Approval Order")
intended to generate interest in either the business or the assets
of IntelGenx, or in a recapitalization of IntelGenx, with the goal
of implementing one or more transactions.  The SISP Approval Order
provides that the SISP will be conducted by Ernst & Young Inc.,
acting as monitor.

As part of the SISP Approval Order, the Court also approved the
agreement of purchase and sale between IntelGenx, as vendor, and
atai Life Sciences AG, as purchaser, solely for the purpose of
constituting the "stalking horse" bid under the SISP.  The Stalking
Horse Bid establishes a baseline price and deal structure for the
solicitation of superior bids from qualified interested parties and
provides certainty that a going-concern solution for the business
of IntelGenx has already been identified.

All qualified interested parties will be provided with an
opportunity to participate in the SISP.  The SISP is intended to
solicit interest in and opportunities for a broad range of
executable transaction alternatives involving the business and
assets of IntelGenx, through one or more sales or partial sales of
all, substantially all, or certain portions of the business and
assets, and/or an investment in, restructuring, recapitalization,
refinancing or other form of reorganization of IntelGenx or its
business.

The SISP will be conducted as a two-phase process with the Phase 1
Non-Binding LOI Submission Deadline set for 5:00 p.m. (Eastern
Time) on July 15, 2024.

                    About Intelgenx Technologies

Headquartered ini Quebec, Canada, Intelgenx Technologies Corp. is a
drug delivery company established in 2003 and headquartered in
Montreal, Quebec, Canada.  Its focus is on the contract development
and manufacturing of novel oral thin film products for the
pharmaceutical market.  More recently, the Company has made the
strategic decision to enter the psychedelic market by entering into
a strategic partnership with atai Life Sciences.

Intelgenx said in its Quarterly Report on Form 10-Q for the period
ended March 31, 2024, citing that, "The Company has financed its
operations to date primarily through public offerings of its common
stock, proceeds from issuance of convertible notes and debentures,
bank loans, royalty, up-front and milestone payments, license fees,
proceeds from exercise of warrants and options, and research and
development revenues.  The Company has devoted substantially all of
its resources to its drug development efforts, conducting clinical
trials to further advance the product pipeline, the expansion of
its facilities, protecting its intellectual property and general
and administrative functions relating to these operations.  The
future success of the Company is dependent on its ability to
develop its product pipeline and ultimately upon its ability to
attain profitable operations.  As of March 31, 2024, the Company
had approximately $772,000 in cash.  The Company does not have
sufficient existing cash to support operations for the next year
following the issuance of these financial statements.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.  Therefore, management plans to
explore any available strategic alternatives."



INVITAE CORP: Creditors Challenge Competing Bankruptcy Plan
-----------------------------------------------------------
Evan Ochsner of Bloomberg Law reports that Invitae Corp.'s junior
creditors want to take over the bankrupt genetic testing company's
restructuring process and increase their recovery by undoing a
contested transaction and suing company leaders.

The creditors on Tuesday, June 4, 2024, challenged Invitae's
request for an additional 120 days to file and solicit votes for a
bankruptcy plan. Their objection is the latest turn in a
contentious Chapter 11 case that has seen creditors cry foul over a
pre-bankruptcy transaction that they say allowed Deerfield
Management Company LP and preferred lenders to manipulate the
creditor payment priority order.

                       About Invitae Corp.

Invitae Corporation is a medical genetics company that is in the
business of delivering genetic testing services, digital health
solutions, and health data services that support a lifetime of
patient care and improved outcomes.

Invitae Corp. and five of its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No.
24-11362) on Feb. 13, 2024. In the petition filed by Ana Schrank,
chief financial officer, disclosed $535,115,000 in assets against
$1,618,519,000 in debt.

Judge Michael B. Kaplan oversees the case.

Kirkland & Ellis LLP and Kirkland & Ellis International LLP are the
Debtors' bankruptcy counsel and Cole Schotz, P.C. is the Debtors'
co-bankruptcy counsel. Moelis & Company LLC is the Debtors'
investment banker. FTI Consulting Inc is the Debtors' restructuring
advisor. Kurtzman Carson Consultants LLC is the Debtors's notice
and claims agent. Deloitte Touche Tohmatsu Limited serves as the
Debtors' tax advisor.


JACKSON HOSPITAL: Moody's Lowers Rating on Revenue Bond to 'Caa2'
-----------------------------------------------------------------
Moody's Ratings has downgraded Jackson Hospital & Clinic's (AL)
revenue bond rating to Caa2 from B1. Outlook remains negative.
Moody's will subsequently withdraw the rating due to lack of
sufficient information. Jackson has approximately $87 million of
debt outstanding.  

The downgrade to Caa2 reflects Moody's projection of Jackson's
severely deteriorated cash flow and financial position which has
resulted in failure to make rental payments, an Event of Default
under the Master Trust Indenture (MTI). The action also reflects
significant uncertainty around the degree of financial
deterioration at the hospital given the lack of recent audited
financials. Governance is a key risk and driver for this rating
action, reflecting very weak financial strategy and risk
management,  management credibility and track record, and
compliance and reporting under Moody's ESG framework. The future
credibility under a new management team and with a potential
affiliation with a private equity firm is untested at this point.

RATINGS RATIONALE

The Caa2 rating reflects Moody's view of increased credit risk
given severe liquidity constraints which have resulted in an Event
of Default under the MTI and could lead to immediate debt
acceleration.  In the event the debt is accelerated, Moody's
estimates that the recovery value on the bonds could be less than
100% reflecting Jackson's weak cash position. Despite efforts to
enhance revenue cycle and improve operating performance, material
deficits will likely persist given the organization's modest size
of operations and limited financial flexibility.

Moody's has decided to withdraw the rating because it believes it
has insufficient or otherwise inadequate information to support the
maintenance of the rating.

RATING OUTLOOK

The negative outlook reflects the increased risk of bond
acceleration and potential for less than 100% recovery if all debt
becomes due and payable.

LEGAL SECURITY

The bonds are secured by a pledge of Gross Receipts as defined in
the bond documents. Additional security is provided by a mortgage
on Jackson Hospital and Clinic's hospital and adjacent parking
decks.

PROFILE

Jackson Hospital & Clinic is a 344-licensed bed acute care center
located in Montgomery, Alabama. Jackson also has a controlling
interest in a Surgery Center and an Imaging Center.

METHODOLOGY

The principal methodology used in this rating was US Not-for-profit
Healthcare published in February 2024.


JO-ANN STORES: XAI Octagon Virtually Writes Off $1MM Loan
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$1,101,381 loan extended Jo-Ann Stores, LLC to market at $6,884 or
1% of the outstanding amount, as of March 31, 2024, according to a
disclosure contained in XAI Octagon's Form N-CSR for the Fiscal
year ended March 31, 2024, filed with the Securities and Exchange
Commission.

XAI Octagon is a participant in a Senior Secured First Lien Loan
Term B-1(3M SOFR + 4.75%) to Jo-Ann Stores, LLC, per annum. The
loan matures on July 7, 2028.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

          - and -
     
     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

Jo-Ann Stores, LLC retails fabric and craft products. The Company
offers apparel, home decorating fabrics, notions, seasonal
accessories, floral, and framing products.


KIDDE-FENWAL: Court Rejects Brown Rudnick Attorney's $1,500 Rate
----------------------------------------------------------------
James Nani of Bloomberg Law reports that a Brown Rudnick LLP
attorney's request to increase his hourly fees by 50% for
representing unsecured creditors of fire protection manufacturer
Kidde-Fenwal Inc. was denied by a Delaware bankruptcy judge.

Judge Laurie Selber Silverstein rejected the proposed fee hike to
$1,500 from $1,000 per hour for Brown Rudnick partner Gerard T.
Cicero at a Wednesday, June 5, 2024, hearing, calling the request
"beyond." Such an increase wouldn’t have been acceptable to her
clients when she was in private practice, Silverstein said.

"I had no client who would've ever permitted me under any
circumstance to have raised my hourly rate by 50%," Silverstein
said.

                         About Kidde-Fenwal

Kidde-Fenwal Inc. -- https://www.kidde-fenwal.com/ -- manufactures
fire protection systems. It offers products such as fire control
systems, explosion aircraft protection, laser-based smoke detection
devices, electronic gas ignitions, and fire suppressions.
Kidde-Fenwal markets its products to mining, manufacturing,
education, and commercial sectors.

Kidde-Fenwal sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Case No. 23-10638) on May 14, 2023. In the
petition filed by its chief transformation officer, James
Mesterharm, the Debtor reported assets between $100 million and
$500 million and estimated liabilities between $1 billion and $10
billion.

The Debtor tapped Sullivan & Cromwell, LLP and Morris Nichols Arsht
& Tunnell, LLP as bankruptcy counsels; Covington & Burling, LLP as
special insurance counsel; and Guggenheim Securities, LLC as
investment banker. Stretto, Inc. is the claims and noticing agent
and administrative advisor.

The official committee of unsecured creditors appointed in the
Debtor's Chapter 11 case tapped Brown Rudnick, LLP and Stutzman,
Bromberg, Esserman & Plifka, A Professional Corporation as
bankruptcy counsels; Gilbert, LLP and KTBS Law, LLP as special
counsels; Province, LLC as financial advisor; and Houlihan Lokey
Capital, Inc. as investment banker.


LASERSHIP INC: XAI Octagon Marks $745,852 Loan at 19% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$745,852 loan extended to Lasership, Inc. (ASP LS Acquisition
Corp.) to market at $607,123 or 81% of the outstanding amount, as
of March 31, 2024, according to a disclosure contained in XAI
Octagon's Form N-CSR for the Fiscal year ended March 31, 2024,
filed with the Securities and Exchange Commission.

XAI Octagon is a participant in an Initial Secured Second Lien Loan
(3M SOFR +7.50%) to Lasership, Inc. (ASP LS Acquisition Corp). The
loan matures on May 7, 2029.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

          - and -
     
     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

LaserShip is a regional last-mile delivery company that services
the Eastern and Midwest United States. Founded in 1986, LaserShip
is based in Vienna, Virginia, and has sorting centers in New
Jersey, Ohio, North Carolina, and Florida.


LEGACY TRADITIONAL: Moody's Alters Outlook on 'Ba2' Rating to Pos.
------------------------------------------------------------------
Moody's Ratings has affirmed Legacy Traditional Schools, AZ's (LTS)
Ba2 revenue-backed rating. The outlook has been revised to positive
from stable. The charter school network has approximately $449.8
million in outstanding revenue debt, $331 million of which is
Moody's rated.

The revision of the outlook to positive is based on the charter
school network's successful execution to date of its aggressive
growth strategies, with a 35% increase in enrollment from
2018-2023. This has been accompanied by 85% revenue growth, with
favorable financial operations resulting in a doubling of monthly
liquidity to over $74 million. Governance is a key driver of this
rating action, with management credibility and track record
contributing to the positive outlook, but with uncertainty around
the future trajectory of financial strategy and risk management as
the network potentially seeks to enter new markets over the next
one to two years.

RATINGS RATIONALE

The affirmation of the Ba2 rating balances Legacy Traditional
Schools' growing operating scale and favorable operating
performance with moderately high leverage and continued execution
risk as the network expands. The network's financial operations
will continue to be positive, but weaker than in prior years with
the end of pandemic era additional funding (ESSER). Debt service
will remain sound, but management forecasts a reduction to about
1.3x to 1.4x over the next several years, compared to a projected
1.8x for fiscal 2024. Cash to debt is comparatively modest at 0.16x
as of fiscal 2023.

The charter network's competitive profile is overall good, with
diversification across the Arizona and Nevada markets. Academic
performance for the bulk of the Arizona schools is in line with
peers, while two of the schools in Nevada continue to focus on
improvement. On balance, Moody's view charter renewal risk as
overall good as well. Management is preparing to expand its
footprint into South Carolina (Aaa stable) with the expected
opening of a new K-8 school in 2026 and further expansion over time
likely. Additional expansion comes with some credit risk such as
new governance considerations and additional debt needs for capital
facilities.

RATING OUTLOOK

The positive outlook reflects the likelihood of credit improvement
should the charter school network continue to achieve its near term
enrollment and financial targets while successfully managing credit
risks associated with opening additional schools in a new state.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

-- Ability to meet projected enrollment and financial projections
over the next two years, with ongoing increases in liquidity
matching revenue and debt growth

-- Increased clarity on ability to successfully execute expansion
plans and pace of future debt issuance with limited increase in
financial leverage

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

-- Inability to meet enrollment projections on new and existing
schools

-- Failure to improve upon academic achievement of Nevada schools
resulting in diminished demand factors

-- Deterioration to the network's annual days cash, or a material
narrowing of operating margins or debt service coverage

-- Material decreases to the network's spendable cash to total
debt ratio

LEGAL SECURITY

The network's outstanding revenue bonds are payable from the
combined pledged revenues of the obligated group, all 25 schools of
the LTS system. Pledged revenues consist almost entirely state aid
revenues. Additionally, all bonds are secured with a first priority
lien on and security interest in all of the facilities of the
obligated group.

PROFILE

Legacy Traditional Schools is a K-8 charter school network with 22
schools in the State of Arizona (Aa1 stable) and 3 in the State of
Nevada (Aa1 stable). Each of the Arizona charter schools is
operated pursuant to individual charter school contracts with the
Arizona State Board for Charter Schools (ASBCS). The Nevada charter
schools operate under a single charter school contract through the
Nevada State Public Charter School Authority (NSPCSA). The network
had a combined enrollment of roughly 24,950 students for the fiscal
2024 school year.

METHODOLOGY

The principal methodology used in these ratings was US Charter
Schools published in April 2024.


LEXARIA BIOSCIENCE: Registers 2.9MM Shares for Possible Resale
--------------------------------------------------------------
Lexaria Bioscience Corp. filed with the U.S. Securities and
Exchange Commission its Form S-1 relating to the resale from time
to time by the selling stockholders, Armistice Capital, LLC, of up
to 2,917,032 shares of the Company's common stock, par value $0.001
per share, issuable upon the exercise of an outstanding warrant
issued on April 30, 2024.

The Warrant was issued as partial consideration for the Selling
Stockholder's immediate and full exercise of existing common stock
purchase warrants for cash, pursuant to the terms of a warrant
exercise agreement with respect to the Prior Warrant.

Armistice Capital, LLC, or its pledgees, donees, transferees,
distributees, beneficiaries or other successors-in-interest, may
offer or sell the shares of common stock from time to time through
public or private transactions at prevailing market prices, at
prices related to prevailing market prices or at privately
negotiated prices. Armistice may also resell the shares of common
stock to or through underwriters, broker-dealers or agents, who may
receive compensation in the form of discounts, concessions or
commissions.

All shares of the Company's common stock offered are being
registered for the account of the Selling Stockholder and the
Company will not receive any proceeds from the sale of these
shares. However, it will receive proceeds from the exercise of the
Warrant if the Warrant is exercised for cash. The Company intends
to use those proceeds, if any, for working capital purposes.

A full-text copy of the Company's Report on Form S-1 is available
https://tinyurl.com/665s3epr

                         About Lexaria

Lexaria Bioscience Corp. -- http://www.lexariabioscience.com-- is
a biotechnology company developing the enhancement of the
bioavailability of a broad range of fat-soluble active molecules
and active pharmaceutical ingredients using its patented
DehydraTECH drug delivery tecnnology.  DehydraTECH combines
lipophilic molecules or APIs with specific long-chain fatty acids
and carrier compounds that improve the way they enter the
bloodstream, increasing their effectiveness and allowing for lower
overall dosing while promoting healthier oral ingestion methods.

Lexaria Bioscience incurred a net loss of $6.71 million for the
year ended Aug. 31, 2023, a net loss of $7.38 million for the year
ended Aug. 31, 2022, a net loss and comprehensive loss of $4.19
million for the year ended Aug. 31, 2021, a net loss and
comprehensive loss of $4.08 million for the year ended Aug. 31,
2020, and a net loss and comprehensive loss of $4.16 million for
the year ended Aug. 31, 2019.

The Company expects to continue to incur significant operational
expenses and net losses in the upcoming 12 months.  Its net losses
may fluctuate significantly from quarter to quarter and year to
year, depending on the stage and complexity of its research and
development (R&D) studies and corporate expenditures, additional
revenues received from the licensing of its technology, if any, and
the receipt of payments under any current or future collaborations
it may enter into.  The recurring losses and negative net cash
flows raise substantial doubt as to the Company's ability to
continue as a going concern.


LIBERTY ELECTRIC: Commences Chapter 11 Bankruptcy in Delaware
-------------------------------------------------------------
Liberty Electric Inc. filed for Chapter 11 protection in the
District of Delaware.  According to court filing, the Debtor
reports between $1 million and $10 million in debt owed to 1 and 49
creditors. The petition states funds will be available to unsecured
creditors.

                   About Liberty Electric Inc.

Liberty Electric Inc. -- https://libertyelectric.us/ -- is a
premier commercial and industrial electrical contractor in the
metropolitan St. Louis area and surrounding counties. It offers
extensive services including electrical contracting, controls, fire
alarms, voice data and multi-media cable installation.

Liberty Electric Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 24-11152) on June 3, 2024.
In the petition signed by Jeff Pack, as president, the Debtor
reports estimated assets and liabilities between $1 million and $
10 million each.

The Honorable Bankruptcy Judge Thomas M. Horan oversees the case.

The Debtor is represented by:

     Michael G. Busenkell, Esq.
     Gellert Seitz Busenkell & Brown, LLC
     50 Northwestern Drive
     Salem, NH 03079


LLT MANAGEMENT: Talc Plaintiffs Seek to Halt Bankruptcy Plan
------------------------------------------------------------
A group of ovarian cancer victims on June 12, filed a motion in
federal court seeking to halt Johnson & Johnson and its
subsidiaries from pursuing a new bankruptcy filing in any district
other than New Jersey, where tens of thousands of civil lawsuits
are already consolidated in multidistrict litigation.

The company recently announced the pursuit of a prepackaged
bankruptcy plan to resolve talc claims in an unspecified federal
court in Texas. Two previous bankruptcy filings by the company have
been denied by the courts in New Jersey, where J&J is
headquartered.

The filing for a temporary restraining order accuses J&J of
attempting to evade jurisdiction and manipulate the bankruptcy
process to disadvantage tens of thousands of women who developed
cancer from continued use of Johnson's Baby Powder and Shower to
Shower products. The motion for a TRO also seeks to prevent any
amendments to agreements between J&J and its subsidiaries to fund
the plan without notifying the plaintiffs.

"We will employ every appropriate mechanism possible to stop J&J
from using bankruptcy to deprive women of their individual right to
choose whether to settle or proceed to a jury trial. Individuals
should not be coerced to accept unreasonable settlement values and
terms through the bankruptcy vote of a group of others," says Andy
Birchfield of the Beasley Allen Law Firm. "On behalf of our
clients, we will press on through all of J&J's delay tactics and
bullying."

The plaintiffs argue that the company's actions, including the
proposed third bankruptcy filing, are designed to delay justice and
reduce the funds available to compensate victims. The claims
highlight the broader concerns expressed by legislators and legal
experts about the use of bankruptcy protections by financially
solvent companies to evade legal responsibilities for tort claims.

"Johnson & Johnson is advertising its bankruptcy plan to a group of
desperate and dying claimants," says Mike Papantonio of Levin
Papantonio Rafferty emphasizing the urgency that the TRO request be
heard at the earliest possible date.

The plaintiffs are represented by a coalition of law firms,
including Anapol Weiss, Levin Papantonio Rafferty Proctor Buchanan
O'Brien Barr Mougey P.A., Bailey Glasser LLP, Beasley Allen Crow
Methvin Portis & Miles, P.C., Ashcraft & Gerel, LLP, and Burns
Charest LLP.

The TRO motion is filed as Rebecca Love, et al. v LLT Management
LLC et al., No. 3:24-cv-06320, in the United States District Court
for the District of New Jersey.

                       About LTL Management

LTL Management, LLC is a subsidiary of Johnson & Johnson (J&J),
which was formed to manage and defend thousands of talc-related
claims and oversee the operations of Royalty A&M.  Royalty A&M owns
a portfolio of royalty revenue streams, including royalty revenue
streams based on third-party sales of LACTAID, MYLANTA/MYLICON and
ROGAINE products.

LTL Management filed a petition for Chapter 11 protection (Bankr.
W.D.N.C. Case No. 21-30589) on Oct. 14, 2021.  The case was
transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov.
16, 2021. The Hon. Michael B. Kaplan is the case judge.  At the
time of the filing, the Debtor was estimated to have $1 billion to
$10 billion in both assets and liabilities.

The Debtor tapped Jones Day and Rayburn Cooper & Durham, P.A., as
bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon
LLP as special counsel; McCarter & English, LLP as litigation
consultant; Bates White, LLC as financial consultant; and
AlixPartners, LLP as restructuring advisor.  Epiq Corporate
Restructuring, LLC, is the claims agent.

An official committee of talc claimants was formed in the Debtor's
Chapter 11 case on Nov. 9, 2021.  On Dec. 24, 2021, the U.S.
Trustee for Regions 3 and 9 reconstituted the talc claimants'
committee and appointed two separate committees: (i) the official
committee of talc claimants I, which represents ovarian cancer
claimants, and (ii) the official committee of talc claimants II,
which represents mesothelioma claimants.

The official committee of talc claimants I tapped Genova Burns LLC,
Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its
legal counsel. Meanwhile, the official committee of talc claimants
II is represented by the law firms of Cooley LLP, Bailey Glasser
LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and
Sherman Silverstein Kohl Rose & Podolsky P.A.

                 Re-Filing of Chapter 11 Petition

On January 30, 2023, a panel of the Third Circuit issued an opinion
directing this Court to dismiss the 2021 Chapter 11 Case on the
basis that it was not filed in good faith.  Although the Third
Circuit panel recognized that the Debtor "inherited massive
liabilities" and faced "thousands" of future claims, it concluded
that the Debtor was not in financial distress before the filing.

On March 22, 2023, the Third Circuit entered an order denying the
Debtor's petition for rehearing.  The Third Circuit entered an
order denying LTL's stay motion on March 31, 2023, and, on the dame
day, issued its mandate directing the Bankruptcy Court to dismiss
the 2021 Chapter 11 Case.

The Bankruptcy Court entered an order dismissing the 2021 Case on
April 4, 2023.

Johnson & Johnson on April 4, 2023, announced that its subsidiary
LTL Management LLC (LTL) has re-filed for voluntary Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain
approval of a reorganization plan that will equitably and
efficiently resolve all claims arising from cosmetic talc
litigation against the Company and its affiliates in North
America.

In the new filing, J&J said it has agreed to contribute up to a
present value of $8.9 billion, payable over 25 years, to resolve
all the current and future talc claims, which is an increase of
$6.9 billion over the $2 billion previously committed in connection
with LTL's initial bankruptcy filing in October 2021.  LTL also has
secured commitments from over 60,000 current claimants to support a
global resolution on these terms.

                            3rd Try

In May 2024, J&J announced its subsidiary LLT Management LLC is
soliciting support for a consensual prepackaged bankruptcy plan to
resolve its talc-related liabilities. Under the terms of the plan,
a trust would be funded with over $5.4 billion in the first three
years and more than $8 billion over the course of 25 years, which
J&J calculates to have a net present value of $6.475 billion.
Claimants must cast their vote to accept or reject the Plan by 4:00
p.m. (Central Time) on July 26, 2024.  A solicitation package may
be requested at www.OfficialTalcClaims.com or by calling
1-888-431-4056.  If the Plan is accepted by at least 75% of voters,
a bankruptcy may be filed under the case name In re: Red River Talc
LLC in a bankruptcy court in Texas or in the bankruptcy court of
another jurisdiction.  Epiq Corporate Restructuring, LLC is serving
as balloting and solicitation agent for LLT Management LLC.


LRS HOLDINGS: S&P Downgrades Long-Term ICR to 'B-', Outlook Stable
------------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
U.S. Midwestern-focused recycling services provider LRS Holdings
LLC by one notch to 'B-' and its issue-level ratings in conjunction
with the downgrade.

S&P's stable outlook reflects its view that LRS, despite its
acquisition-oriented growth strategy, will maintain
weighted-average adjusted debt to EBITDA ratio within the 6.5x-8.5x
range.

LRS's performance in 2023 was weak.

S&P Global Ratings-adjusted EBITDA was only slightly greater than
it was in 2022 despite meaningful incremental revenue in the top
line (22% growth, 14% of which was acquisition-driven).
Profitability for the December quarter was negative as transaction
fees (almost $17 million) and accounting adjustments ($13 million)
burdened adjusted EBITDA. The company performed well in the Central
(51% of 2023 sales before corporate expenses) and Great Lakes (38%)
regions, expanding by over a point each, but heavy contraction and
margin degradation in the South (11%) came amid significant labor,
operational, disposal, and administrative expenses.

LRS's profitability did not get off to a great start in the first
quarter of 2024.

Revenue increased 5.8%, and operations returned to profitability
from an S&P Global Ratings-adjusted EBITDA standpoint on a
sequential basis. But margins severely underperformed those in the
year-ago period. Moreover, the company's depreciation and
amortization expense spiked by 19%, exacerbating the operating
loss. LRS has not generated positive operating income nor free
operating cash flow (FOCF) in any of the past nine quarters. S&P
estimates the company's adjusted debt to EBITDA ratio was 10.3x as
of March 31, 2024, an almost three-turn increase from the year-ago
period. The absence of the prior year's transaction fees eases this
figure to 8.2x, but absent significant operational improvement this
year, LRS's credit measures could remain quite weak.

Management has identified opportunities for improvement in 2024.

S&P sees sales increasing about 6% organically this year, and LRS's
new chief revenue officer will seek to drive growth via a mix of
better volumes and price-cost discipline. S&P believes LRS will
show revenue and profit margin growth when it releases its
second-quarter results. The vertically integrated businesses that
the company acquired in Michigan and Illinois last year should
provide solid platforms to enhance value. Deriving value from a
flatter organizational structure and a continued focus on working
capital management should be accretive to earnings and cash flow.

Labor costs will be higher, associated with union contracts won
last year, but management has changed some of its fleet maintenance
policies and will put greater discipline on those expenses to help
offset them. S&P does not believe the change in CFO to Dan
Goldstein (executive vice president of business development) during
this interim period following Luke Chenery's departure will disrupt
financial management or financial policies.

S&P said, "The stable outlook on LRS reflects our expectation that
its liquidity will remain adequate for the ratings, with sufficient
availability under the credit facility and an EBITDA to interest
coverage ratio healthy enough to outpace the approximately $60
million-$65 million of interest expense this year. We anticipate
LRS will improve volumes from its collection and disposal services
and be more effective regarding operational execution to make
progress in reducing leverage. The company's adjusted debt to
EBITDA ratio has swelled to 10.3x as of March 31 on
acquisition-related debt incurrence, underperformance in some
operating areas, and various transaction fees and accounting
adjustments. We do not expect the fees and adjustments to recur
this year.

"We expect LRS to more consistently improve operating performance
during the next three quarters so that leverage eases to below 8.5x
and then stay within the 6.5x-8.5x range."

S&P could lower its ratings on LRS if S&P expects S&P Global
Ratings-adjusted EBITDA to interest coverage to drop to below 1x or
debt to EBITDA to remain above 8.5x on a sustained basis with no
clear prospects for recovery. This could occur because of:

-- Materially deteriorated operating performance, possibly because
of the onset of a deep and prolonged recession that negatively
affects the traditionally recession-resistant waste services space
to a greater-than-expected extent;

-- Increasingly competitive market conditions;

-- Failure to renew service contracts at satisfactory terms;

-- Volatile input costs;

-- Large debt-financed capital expenditure or acquisitions; or

-- Debt-funded shareholder returns.

If LRS's earnings and cash flow weaken again, liquidity could
become pressured and a more specific default scenario could become
more likely.

S&P would consider raising its ratings on LRS if it:

-- Reduces S&P Global Ratings-adjusted debt to EBITDA toward
6.5x;

-- Demonstrates positive FOCF more consistently; and

-- Maintains financial policies that support stronger credit
measures.



MADISON 33: 'Le Penthouse' Owner Seeks Chapter 11 Bankruptcy
------------------------------------------------------------
Jonathan Randles of Bloomberg News reports that the owner of what
was once "Le Penthouse," the luxury Madison Avenue condominium that
listed in 2019 for $98 million, filed for bankruptcy on Tuesday,
June 4, 2024, to halt a foreclosure sale.

The 19,815-square-foot residence located in a high-rise building at
172 Madison Avenue in Manhattan was subsequently turned into five
separate condo penthouses that will be marketed for sale in the
Chapter 11 proceeding, said Jonathan Pasternak, a lawyer
representing owner Madison 33 Partners LLC.

The company owns five other residential condos and two ground-floor
commercial units that will also be marketed, Pasternak said.

                    About Madison 33 Partners

Madison 33 Partners LLC owns residential condominiums and
commercial units.

Madison 33 Partners sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24--22500) on June 4,
2024.  In its petition, the Debtor estimated assets between $100
million and $500 million and estimated liabilities between $50
million and $100 million.

The Honorable Bankruptcy Judge Philip Bentley oversees the case.


MAGENTA BUYER: XAI Octagon Marks $1.6MM Loan at 41% Off
-------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$1,626,412 loan extended Magenta Buyer LLC to market at $956,428 or
59% of the outstanding amount, as of March 31, 2024, according to a
disclosure contained in XAI Octagon's Form N-CSR for the Fiscal
year ended March 31, 2024, filed with the Securities and Exchange
Commission.

XAI Octagon is a participant in an Initial Senior Secured First
Lien Loan (3MSOFR + 5%) to Magenta Buyer LLC per annum. The loan
matures on July 27, 2028.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930     

          - and -     

     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

Magenta Buyer LLC is a provider of cybersecurity software that
derives revenue from the sale of security products, subscriptions,
SaaS, support and maintenance, and professional services.


MATADOR RESOURCES: Moody's Alters Outlook on 'Ba3' CFR to Stable
----------------------------------------------------------------
Moody's Ratings changed Matador Resources Company's rating outlook
to stable from positive. At the same time, Moody's affirmed the
company's Ba3 Corporate Family Rating, Ba3-PD Probability of
Default Rating and B1 senior unsecured notes rating. The
Speculative Grade Liquidity Rating was downgraded to SGL-3 from
SGL-2, reflecting adequate liquidity.

These actions follow Matador's agreement to acquire certain
Delaware Basin assets for roughly $1.9 billion from a subsidiary of
Ameredev II Parent, LLC (Ameredev, unrated and a portfolio company
of EnCap Investments L.P.). The acquisition will be effective as of
June 1, 2024 and is projected to close in the third quarter of
2024, subject to certain closing conditions and regulatory
reviews.

"The stable outlook reflects the significant increase in Matador's
debt and financial leverage from this acquisition that will weigh
on the company's positive rating momentum through early 2025," said
Sajjad Alam, a Moody's Vice President. "While the company's base
business and cash flow generation ability remains sound and the
increased leverage should be manageable, meaningful debt reduction
will be needed following the acquisition to restore the company's
strong leverage profile."

RATINGS RATIONALE

Matador's debt level will nearly double from $2 billion as of March
31, 2024, if the Ameredev acquisition is fully debt funded.
However, production, reserves and cash flow will not increase in
the same proportion. The company will add to drilling inventory
with about 371 net drilling location across 33,500 net acres,
25,500 boe/d of production and 118 million boe of proved reserves
(60% oil) from the acquisition. Despite the anticipated boost in
scale, operational flexibility, and development efficiencies, the
company will need to integrate and derisk the substantially
undeveloped acreage and reduce debt according to its plans to
strengthen its liquidity and leverage position.    

Matador's Ba3 CFR is supported by the company's significant acreage
and reserves in the core areas of the prolific Delaware Basin;
track record of organic production and reserves growth; relatively
low break-even costs; and Moody's expectation of free cash flow
generation and improving leverage in 2025 following the Ameredev
acquisition. The company's competitive cost structure, enhanced
scale both through organic drilling and several sizeable
acquisitions, and continuous focus on maintaining a high level of
efficiency should continue to provide solid credit support. The
credit profile is restrained by Matador's scale relative to higher
rated E&P peers; high geographic concentration; sizeable
undeveloped reserves that will require significant future
investments, and meaningful exposure to federal land in New Mexico
that could face potential permitting and drilling restrictions in
the future. The credit profile also considers Matador's controlling
interest in the San Mateo Midstream, LLC (San Mateo, unrated) joint
venture that has provided an increasing level of midstream and cash
flow support, but which also adds debt to its consolidated metrics
slightly weakening the company's consolidated leverage ratios.

The SGL-3 rating reflects Moody's expectation that the company will
maintain adequate liquidity through mid-2025. The company has
already secured commitments for a larger $2.25 billion revolving
credit facility and a new $250 million term loan A to fund the
acquisition. However, Moody's expect some of the credit facility
debt will be termed out on a long term senior unsecured basis to
reduce the proportion of secured debt and potential refinancing
risk. The company had minimal cash on hand a largely undrawn
revolver as March 31, 2024.

Matador's senior unsecured notes are rated B1, one notch below the
Ba3 CFR, reflecting the substantial amount of secured debt in the
company's capital structure. The secured revolver has a priority
claim over Matador's assets, and is secured by substantially all of
Matador's proved oil and gas reserves. With the recent upsizing of
the revolver and the planned addition of the secured term loan A,
which will rank pari passu with the revolver, the B1 notes rating
could come under pressure if the company heavily utilizes the
revolver thereby increasing the proportion of secured debt relative
to unsecured debt.

The stable outlook balances the near term increase in financial
leverage from the Ameredev acquisition with management's plan to
delever and reduce the debt/EBITDA ratio below 1x in 2025.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Matador's ratings could be upgraded if the company can successful
integrate the Ameredev assets, substantially reduce debt according
to its plans and consistently generate free cash flow. Moody's
could upgrade the CFR if the RCF/debt ratio remains above 40% on a
sustained basis. The CFR could be downgraded if RCF/debt declines
below 30%, the company makes more debt-funded acquisitions before
sufficiently reducing the incremental debt from the Ameredev
acquisition, or if the ability to drill and develop Matador's New
Mexico federal acreage becomes materially restrictive.  

Matador Resources Company is a Dallas, Texas based publicly-traded
independent exploration and production company with primary
operations in the Delaware Basin in New Mexico and West Texas.

The principal methodology used in these ratings was Independent
Exploration and Production published in December 2022.


MAVENIR SYSTEMS: XAI Octagon Marks $480,189 Loan at 30% Off
-----------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$480,189 loan extended to Mavenir Systems, Inc. to market at
$336,934 or 70% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in XAI Octagon's Form N-CSR for
the Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission.

XAI Octagon is a participant in an Initial Senior Secured First
Lien Loan (3M SOFR + 4.75%) to Mavenir Systems, Inc. The loan
matures on August 18, 2028.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930     

          - and -       

     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

Mavenir Systems, Inc. provides software-based networking solutions.
The Company offers internet protocol based voice, videos,
communication, and messaging services, as well as multimedia
subsystem, evolved packet core, and session border controller.


META MATERIALS: Unit Gets $2 Million Deposit From Proposed Buyer
----------------------------------------------------------------
Meta Materials Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission on June 11, 2024, that on June
5, 2024, Nanotech Security Corp. ("NSC"), a wholly-owned subsidiary
of the Company, received a deposit in the amount of $2.0 million
under a deposit agreement contemplated by a non-binding term sheet
that NSC entered into with a U.S.-based authentication and
information services company ("Buyer") regarding the potential
acquisition by Buyer of all of the assets used by NSC in connection
with operation of the Company's authentication business.  The
Deposit will be applied to the final purchase price of the assets
involved in the Proposed Asset Sale, and the Deposit may be used
for working capital purposes by the Company prior to the closing of
the Proposed Asset Sale.  The Deposit must be repaid to the Buyer
upon certain triggering events, and the repayment of the Deposit,
if applicable, is secured by a security interest on the personal
and real property of NSC.  The Term Sheet represents a mutual
indication of interest regarding the Proposed Asset Sale and the
terms of the Proposed Asset Sale are subject to contingencies,
including the completion of customary due diligence by the Buyer,
the negotiation and execution of definitive agreements between the
parties, and approval by Buyer, NSC and the Company of the Proposed
Asset Sale.  Pursuant to the Term Sheet and the Deposit Agreement,
NSC granted the Buyer a customary exclusivity period to negotiate
in good faith toward entering into definitive agreements related to
the Proposed Asset Sale.  There can be no assurance that the
Proposed Asset Sale will be completed on the terms contemplated in
the Term Sheet or otherwise.

According to the Company, there can be no assurance that the
Proposed Asset Sale, if completed, would be sufficient to resolve
the Company's ongoing liquidity issues.

As previously disclosed in its Current Report on Form 8-K filed on
May 3, 2024, due to ongoing liquidity issues, Meta Materials
continues to evaluate all available strategic alternatives for the
Company, including, but not limited to, the divestiture of assets,
additional financing and/or the sale of the Company.  The Company
said there can be no assurance regarding the outcome of this
process.  It added that without an influx of cash to support
operations, the Company faces financial hardship that may result in
shuttering facilities and/or bankruptcy proceedings.

                      About Meta Materials

Headquartered in Dartmouth, Nova Scotia, Canada, Meta Materials
Inc. is an advanced materials and nanotechnology company.  The
Company is developing materials that it believes can improve the
performance and efficiency of many current products as well as
allow new products to be developed that cannot otherwise be
developed without such materials.  The Company has product concepts
currently in various stages of development with multiple potential
customers in diverse market verticals.

Vaughan, Canada-based KPMG LLP, the Company's auditor since 2020,
issued a "going concern" qualification in its report dated March
28, 2024, citing that the Company has suffered recurring losses and
negative cash flows from operations and requires additional
financing to fund its operations that raise substantial doubt about
its ability to continue as a going concern.


MINERALS TECHNOLOGIES: S&P Affirms 'BB' ICR, Outlook Stable
-----------------------------------------------------------
S&P Global Ratings affirmed all its ratings on Minerals
Technologies Inc., including its 'BB' issuer credit rating.

The stable outlook reflects S&P's expectation that while the
company's credit measures will remain at the stronger end of the
current rating, uncertainties surrounding the outcome of ongoing
litigations and their ultimate impact on its financial position
persist.

Minerals Technologies' operating performance strengthened in 2023
and S&P expects that improvement to continue through 2024.

Minerals Technologies Inc. witnessed incremental growth in EBITDA
margins in 2023 with a lagged catch-up in pricing after the initial
impact of high inflation on profitability in 2022. This resulted in
higher absolute EBITDA in 2023 by the mid- to high- single digit
percent on a year-over-year basis despite minimal growth in
revenue. The company generated strong discretionary cash flow (DCF)
and increased its cash build up on the back of overall robust
operational performance and only modest spending on bolt-on
acquisitions and shareholder rewards.

S&P said, "In our base-case scenario, we forecast the company to
continue its shareholder reward program and opportunistically
execute some bolt-on acquisitions in the coming years using the
increased cash on hand, while maintaining its weighted-average
funds from operations (FFO) to debt ratio on the lower end of
30%-45% and weighted-average S&P Global Ratings-adjusted debt to
EBITDA well below 3x. Our ratings do not account for any potential
transformational acquisitions or debt-financed shareholder rewards
by the company."

The company continues to emphasize improvements in debt leverage
and small bolt-on acquisitions.

The company completed some bolt-on acquisitions in recent years in
the less-cyclical pet litter market including the acquisitions of
Normerica Inc. in 2021 and Concept Pet Heimtierprodukte GmbH in
2022 to further expand its presence in this niche market. It
financed the Normerica acquisition using a mix of cash flows and
revolving credit facility draws. The company has historically
lowered leverage after debt-financed acquisitions and in keeping
with its track record, it has used incremental cash flows to reduce
outstanding debt levels by the first quarter of 2024 via a partial
paydown of its revolving credit facility balance and continued
scheduled principal amortization on its term loan facility.

S&P's rating also reflects our view that Minerals Technologies'
relative financial risk ranking is at the weaker end of the range.

S&P said, "While Minerals Technologies' FFO to debt ratio currently
exceeds our rating upside trigger of above 30%, we note the metric
is only marginally above the threshold leaving little cushion for
leverage deterioration. Our rating on Minerals Technologies
incorporates risks to leverage metrics from potential debt-financed
acquisitions or any adverse cash impacts from the ongoing Chapter
11 bankruptcy proceedings at its ex-subsidiary BMI. Incorporating
these risks, we believe the company's overall credit profile is
weaker than peers rated 'BB+' including J.M. Huber. We could
revisit our rating on Minerals Technologies when there is increased
certainty of a definitive resolution to the litigation and we can
assess the ultimate impact on its credit metrics, cash outlays and
liquidity."

Amid the escalating talc litigation environment and persistent
legal costs in recent years, BMI, which was a subsidiary of
Minerals Technologies, filed for Chapter 11 bankruptcy protection
in October 2023 with the aim of setting up a trust under Section
524(g) of the Bankruptcy Code to settle current and future claims
of asbestos exposure. BMI was sold to an external party in April
2024 in a bankruptcy court-approved sale with proceeds to be used
to fund the ongoing Chapter 11 process and the anticipated creation
of the trust. Minerals Technologies has extended a
debtor-in-possession (DIP) financing facility to BMI with step-ups
to a total commitment amount of $30 million to support its
financial needs throughout the legal process. S&P notes that as of
the petition date, BMI was designated an unrestricted subsidiary of
Minerals Technologies and was not a borrower or guarantor on any of
the parent's debt. Additionally, there were no cross-default
provisions between the two entities.

Minerals Technologies operates in some cyclical end markets.

Key end markets include paper manufacturing, cat litter, metal
casting, offshore drilling, automotive, steel manufacturing,
construction and skin care products. While most of these are
inherently cyclical, the less-cyclical business lines such as pet
litter and personal care partially offset this risk and offer some
stability to performance in periods of economic weakness as
demonstrated in 2023 when pet litter demand remained strong.

S&P said, "The stable outlook reflects our view that Minerals
Technologies' operating performance will continue to improve in the
next 12 months with better profitability and margin capture, with
credit metrics being on the higher end of expectations at the
current rating. In 2024, we expect the company's FFO to debt ratio
to be in the low-30% range and S&P Global Ratings-adjusted debt to
EBITDA to be well below 3x.

"While we expect financial metrics to be strong, our rating also
incorporates risks and uncertainties surrounding BMI's ongoing
bankruptcy proceedings and any potential adverse impacts on
Minerals Technologies' financial position from the anticipated
setup of a 524(g) trust in relation to the talc-related litigation.
Additionally, we do not factor any large debt-funded acquisitions
or shareholder rewards in the near term in our base-case scenario.
In the past, the company had pursued transformational transactions,
such as the acquisition of AMCOL in 2014 and its intention to
acquire Elementis in 2020.

"We could take a positive rating action on the company within the
next 12 months if there is definitive resolution pertaining to
BMI's litigations and we believe that Minerals Technologies' credit
metrics and liquidity position will not be materially affected by
the outcome.

"At the same time, we would expect Minerals Technologies to sustain
credit metrics appropriate for a higher rating such that
weighted-average FFO to debt remains well into the 30%-45% range
and debt to EBITDA is sustained comfortably below 3x. We would also
need to believe the company's financial policies will support
maintaining such credit metrics.

"Although unlikely, we could take a negative rating action on the
company over the next 12 months we believe its FFO to debt ratio
would fall below 20% or debt to EBITDA would exceed 4x on a
sustained basis. This could occur if the company's earnings
deteriorate due to a significant drop in EBITDA margins either
because it cannot pass on an increase in raw material costs or it
faces weaker-than-expected demand across different end markets.

"We could also take a negative rating action if the company pursues
a large debt-funded acquisition or shareholder rewards without
prospects for improving leverage. Additionally, we could take a
negative rating action if we believe there is an increased
likelihood that an ultimate resolution of BMI's bankruptcy
proceedings will have a material adverse impact on Minerals
Technologies' cash balances, constraining its credit profile or
liquidity."



MINOTAUR ACQUISITION: S&P Withdraws 'B' ICR on Refinancing
----------------------------------------------------------
S&P Global Ratings withdrew its 'B' issuer credit rating on
Minotaur Acquisition Inc. (Inspira Financial) following the
company's private refinancing, resulting in repayment of its
outstanding debt facilities.

At the same time, S&P discontinued its 'B' issue-level rating on
Minotaur's first-lien debt and 'CCC+' rating on its second-lien
debt since all the company's rated debt facilities have been fully
repaid.

At the time of withdrawal, the rating outlook was stable.



MLN US HOLDCO: XAI Octagon Marks $128,761 Loan at 85% Off
---------------------------------------------------------
XAI Octagon Floating Rate & Alternative Income Trust has marked its
$128,761 loan extended to MLN US Holdco LLC, to market at $19,314
or 15% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in XAI Octagon's Form N-CSR for the
Fiscal year ended March 31, 2024, filed with the Securities and
Exchange Commission.

XAI Octagon is a participant in a Secured Second Lien Loan Term B-1
(3M SOFR+6.70%) to MLN US Holdco LLC. The loan matures on October
18, 2027.

XAI Octagon is a diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended. The Trust commenced operations on September 27, 2017.

Date of Fiscal Year End: September 30

XAI Octagon is led Theodore J. Brombach, President and Chief
Executive Officer; and Derek J. Mullins, Treasurer & Chief
Financial Officer. The fund can be reach through:

     Theodore J. Brombach
     XAI Octagon Floating Rate & Alternative Income Trust
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No.: (312) 374-6930

          - and -
     
     Benjamin D. McCulloch, Esq.
     XA Investments LLC
     321 North Clark Street, Suite 2430
     Chicago, IL 60654
     Tel No: (312) 374-6930

MLN US Holdco LLC, dba Mitel, headquartered in Ottawa, Canada,
provides phone systems, collaboration applications (voice, video
calling, audio and web conferencing, instant messaging etc.) and
contact center solutions through on-site and cloud offerings. The
Company’s customer focus is on small and medium sized businesses.
Mitel is majority-owned by private equity firm Searchlight Capital
Partners.


MMA LAW: Court Rejects Creditors' Bid to Tap Okin Adams as Counsel
------------------------------------------------------------------
Randi Love of Bloomberg Law reports that Okin Adams Barlett Curry
LLP lost its bid to represent creditors in the bankruptcy of a
Texas-based law firm after a judge determined Okin Adams has a
conflict of interest.

A committee of unsecured creditors moved to employ Okin Adams after
MMA Law Firm PLLC filed for bankruptcy in April 2024 amid
allegations that it improperly solicited claims against insurers
following Louisiana hurricanes. But MMA Law had previously looked
into hiring Okin Adams for itself before seeking to retain Walker &
Patterson PC as counsel, according to a Wednesday, June 5, 2024
opinion from the US Bankruptcy Court for the Southern District of
Texas.

                        About MMA Law Firm

MMA Law Firm PLLC is a law firm specializing in insurance claim
management, negotiation, and litigation.

MMA Law Firm PLLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-31596) on April 9,
2024. In the petition signed by Zach Moseley, as managing member,
the Debtor estimated assets between $100 million and $500 million
and estimated liabilities between $10 million and $50 million.

The Honorable Bankruptcy Judge Eduardo V. Rodriguez oversees the
case.

The Debtor is represented by Johnie Patterson, Esq. at Walker &
Patterson, P.C.


NATIONAL RIFLE: Court Rejects Request to Set Aside $6.4Mil. Verdict
-------------------------------------------------------------------
Law 360 reports that a New York judge on Thursday rejected a
request by the National Rifle Association and its longtime
executives to set aside a jury's $6. 4 million verdict that found
they misspent charitable funds, saying Attorney General Letitia
James provided sufficient evidence for the jurors to rule in her
favor.

                  About National Rifle Association

Founded in 1871 in New York, the National Rifle Association of
America is a gun rights advocacy group. The NRA claims to be the
longest-standing civil rights organization and has more than five
million members.

Seeking to move its domicile and principal place of business to
Texas amid lawsuits in New York, the National Rifle Association of
America sought Chapter 11 protection (Bankr. N.D. Tex. Case No.
21-30085) on Jan. 15, 2021. Affiliate Sea Girt LLC simultaneously
sought Chapter 11 protection (Case No. 21-30080).

The NRA was estimated to have assets and liabilities of $100
million to $500 million as of the bankruptcy filing.

Judge Harlin Dewayne Hale oversees the cases.

The Debtors tapped Neligan LLP and Garman Turner Gordon LLP as
their bankruptcy counsel, and Brewer, Attorneys & Counselors as
their special counsel.

The U.S. Trustee for Region 6 appointed an official committee of
unsecured creditors on Feb. 4, 2021. Norton Rose Fulbright US, LLP
and AlixPartners, LLP serve as the committee's legal counsel and
financial advisor, respectively.

                          *     *     *

Following a 12-day trial, U.S. Bankruptcy Judge Harlin D. Hale
dismissed the National Rifle Association's Chapter 11 case Tuesday,
May 11, 2021, after finding the group filed its petition in bad
faith in order to gain advantage in litigation brought by New
York's attorney general. New York Attorney General Letitia James
sought the dismissal of the case. The judge condemned the NRA's
attempts to avoid accountability, making clear that the
organization's actions were "not an appropriate use of
bankruptcy."









NAVEO INC: Wins Cash Collateral Access Thru June 29
---------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized Naveo Inc. to use cash collateral, on an interim basis,
in accordance with the budget, through June 29, 2024.

Waukesha State Bank may claim an interest in the Debtor's cash
collateral in excess of $1.1 million.

To the extent the Debtor's use of cash collateral results in a
diminution in the value of the Waukesha State Bank's interests in
cash collateral, the Court grants Waukesha State Bank a
post-petition security interest in and lien upon the same type or
form of collateral that secured the Prepetition Claims as of the
Petition Date, which will have the same type of priority, validity,
and enforceability that existed as of the Petition Date, without
the necessity of creating, filing, recording, or serving any
financing statements or other documents that might otherwise be
required under federal or state law in any jurisdiction or the
taking of any other action to validate or perfect. Also, the Debtor
must make an adequate protection payment of $2000 to Waukesha State
Bank on or before June 29, 2024.

A further hearing on the matter is set for June 26 at 1:15 p.m.

A copy of the order is available at https://urlcurt.com/u?l=V6d5qZ
from PacerMonitor.com.

                          About Naveo Inc.

Naveo Inc. specializes in B2B printing, full-service B2B marketing,
social media marketing, SEO and industry-specific branding.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-06990) on May 10,
2024, with $357,689 in assets and $1,288,957 in liabilities. Ilija
Nedev, president, signed the petition.

Judge Deborah L. Thorne presides over the case.

Jeffrey K. Paulsen, Esq. at FactorLaw represents the Debtor as
legal counsel.


NEONODE INC: Adjourns Annual Meeting of Stockholders on June 25
---------------------------------------------------------------
Neonode Inc. announced that its 2024 Annual Meeting of
Stockholders, held on June 11, 2024 at 3:00 p.m. local time at
Neonode's principal executive office located at Karlavagen 100, 115
26 Stockholm, Sweden, was convened and adjourned without any
business being conducted, due to a lack of the required quorum.

The Annual Meeting will reconvene on June 25, 2024 at 3:00 p.m.
local time at Neonode's principal executive office located at
Karlavagen 100, 115 26 Stockholm, Sweden, to provide its
stockholders additional time to vote on the proposals described in
the proxy statement filed with the Securities and Exchange
Commission on April 26, 2024.  No changes have been made in the
proposals to be voted on by stockholders at the Annual Meeting.

The record date for determining stockholder eligibility to vote at
the Annual Meeting will remain the close of business on April 22,
2024.  Proxies previously submitted will be voted at the Annual
Meeting unless properly revoked, and stockholders who have already
submitted a proxy or otherwise voted need not take any action.

Neonode's Board of Directors unanimously recommends that
stockholders vote "FOR" all proposals and encourages all
stockholders who have not already voted to do so immediately.

For more information or questions, please contact:

Interim President and Chief Executive Officer and Chief Financial
Officer
Fredrik Nihlen
E-mail: fredrik.nihlen@neonode.com

                         About Neonode

Neonode Inc. (NASDAQ:NEON) is a publicly traded company,
headquartered in Stockholm, Sweden and established in 2001.  The
Company provides advanced optical sensing solutions for contactless
touch, touch, gesture control, and in-cabin monitoring.  Building
on experience acquired during years of advanced research and
development and technology licensing, Neonode's technology is
currently deployed in more than 90 million products, and the
company holds more than 100 patents worldwide.  Neonode's customer
base includes some of the world's best-known Fortune 500 companies
in the consumer electronics, office equipment, automotive,
elevator, and self-service kiosk markets.

Neonode reported a net loss attributable to the Company of $10.12
million for the year ended Dec. 31, 2023, a net loss attributable
to the Company of $4.88 million for the year ended Dec. 31, 2022, a
net loss attributable to the Company of $6.45 million for the year
ended Dec. 31, 2021, a net loss attributable to the Company of
$5.61 million for the year ended Dec. 31, 2020, and a net loss
attributable to the Company of $5.30 million for the year ended
Dec. 31, 2019.  For the three months ended March 31, 2024, the
Company reported a net loss of $2.08 million.


NOVA LIFESTYLE: All Proposals Approved at 2024 Annual Meeting
-------------------------------------------------------------
Nova LifeStyle, Inc. held its 2024 Annual Meeting of Shareholders
on May 31, 2024, during which its shareholders:

     * Elected Min Su, Thanh H. Lam, Ming-Cherng Sky Tsai, Huy
(Charlie) La, and Umesh Patel to the Board of Directors of the
Company to serve as directors until the 2025 Annual Meeting of
Shareholders and until their successors have been duly elected and
qualified.

     * Approved and ratified the appointment of WWC, P.C. as the
Company's independent registered public accounting firm for the
fiscal year ending December 31, 2024.

     * Adopted and approved the Nova LifeStyle, Inc. 2024 Omnibus
Equity Plan.

     * Approved, on an advisory, non-binding basis, the
compensation of the named executive officers.

                        About Nova Lifestyle

Headquartered in Commerce, Calif., Nova LifeStyle, Inc. is a
distributor of contemporary styled residential and commercial
furniture incorporated into a dynamic marketing and sales platform
offering retail as well as online selection and global purchase
fulfillment.  The Company monitors popular trends and products to
create design elements that are then integrated into our product
lines that can be used as both stand-alone or whole-room and home
furnishing solutions.  Through its global network of retailers,
e-commerce platforms, stagers and hospitality providers, Nova
LifeStyle also sells (through an exclusive third-party
manufacturing partner) a managed variety of high quality bedding
foundation components.

As of December 31, 2023, the Company had $6.2 million in total
assets, $5.7 million in total liabilities, and $496,354 in total
stockholders' equity.

San Mateo, Calif.-based WWC, P.C., the Company's auditor since
2022, issued a "going concern" qualification in its report dated
April 12, 2024, citing that the Company incurred a net loss for the
years ended Dec. 31, 2023 and 2022, and the accumulated deficit
increased from $36.71 million to $44.43 million from 2022 to 2023.
These factors, raise substantial doubt about its ability to
continue as a going concern.


NUO THERAPEUTICS: Hires MaloneBailey to Replace Marcum as Auditor
-----------------------------------------------------------------
Nuo Therapeutics, Inc., reported in a Form 8-K filed with the
Securities and Exchange Commission that effective June 7, 2024, it
dismissed Marcum LLP as the Company's independent registered public
accounting firm.  Marcum (and its predecessor firm GBH CPAs PC) had
served as the Company's independent public accountants since Sept.
27, 2017.  The decision to change accountants was made by the Audit
Committee of the Board of Directors of the Company.

The reports of Marcum on the audits of the consolidated financial
statements of the Company as of and for the years ended Dec. 31,
2023 and 2022 did not contain an adverse opinion or a disclaimer of
opinion, and were not qualified or modified as to uncertainty,
audit scope or accounting principles except that such report
contained explanatory paragraphs in respect to uncertainty as to
the Company's ability to continue as a going concern.

During the Company's fiscal years ended Dec. 31, 2023 and 2022 and
the subsequent interim period through June 11, 2024, (the date of
this Current Report on Form 8-K), there were (i) no disagreements
(as such term is used in Item 304(a)(1)(iv) of Regulation S-K)
between the Company and Marcum on any matters of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedures, which disagreement(s), if not
resolved to the satisfaction of Marcum, would have caused Marcum to
make reference to the subject matter of the disagreements in
connection with its report on the Company's financial statements,
or (ii) reportable events as that term is defined in Item
304(a)(1)(v) of Regulation S-K except the material weaknesses
discussed below.

In connection with its audit of, and in the issuance of its reports
on the Company's consolidated financial statements for the years
ended Dec. 31, 2023 and 2022, Marcum advised and the Company's
management concurred with the following items to be material
weaknesses in the effectiveness of the Company's internal controls.
A material weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement
of the Company's annual or interim financial statements will not be
prevented or detected on a timely basis.  The Company identified
material weaknesses in that it had not hired and did not maintain a
sufficient complement of accounting and financial reporting
resources, and that the lack of sufficient accounting and financial
reporting resources also prevented the Company from maintaining
appropriately designed, and monitoring the effectiveness of,
internal control over financial reporting.

On the Effective Date, the Company engaged MaloneBailey, LLP as its
independent registered public accounting firm for the Company's
fiscal year ending Dec. 31, 2024.  During the two most recent
fiscal years and the subsequent interim period through the
Effective Date, neither the Company nor anyone acting on its behalf
has consulted MB with respect to the application of accounting
principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on
the Company's consolidated financial statements, or any other
matters set forth in Item 304(a)(2)(i) or (ii) of Regulation S-K.

                      About NUO Therapeutics

Headquartered in Houston, TX, Nuo Therapeutics, Inc. is a
regenerative therapies company focused on developing and marketing
products for chronic wound care primarily within the U.S.  The
Company commercializes innovative cell-based technologies that
harness the regenerative capacity of the human body to trigger
natural healing.  The use of autologous (i.e., from self, the
patient's own) biological therapies for tissue repair and
regeneration is part of a clinical strategy designed to improve
long-term recovery in inherently complex chronic conditions with
significant unmet medical needs.

Houston, Texas-based Marcum LLP, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated April
19, 2024, citing that the Company has incurred significant losses
and needs to raise additional funds to meet its obligations and
sustain its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


NUZEE INC: CEO Masateru Higashida Resigns From All Positions
------------------------------------------------------------
Nuzee, Inc. reported in a Form 8-K filed with the Securities and
Exchange Commission that on June 6, 2024, Masateru Higashida and
Kevin J. Conner resigned from the board of directors of the Company
and any committee of the Board of which they were a member.  Mr.
Higashida also resigned from his positions of Chairman of the
Board, chief executive officer, secretary, and treasurer.
According to the Company, neither Mr. Higashida's nor Mr. Conner's
resignation was due to any disagreement with the Company on any
matter relating to the Company's operations, policies or
practices.

Appointment of Directors; Chairman

Also on June 6, 2024, Jianshuang Wang and Yanli Hou were appointed
to the Board as directors to fill the vacancies created by Mr.
Higashida's and Mr. Conner's resignations.  It has not yet been
determined on which committees of the Board Ms. Wang or Ms. Hou
will serve, however, Ms. Wang will serve as the Chairman of the
Board.

Ms. Wang has been serving as a legal representative of a Chinese
company and a director of a Hong Kong company since joining a US
listed company (WETG. US) in 2021.  During her tenure, she not only
dabbled in human resources management, but also supervised
administrative work and assisted in operational management.

Ms. Wang Jianshuang graduated from Hebei University of Economics
and Trade with a major in Human Resource Management in 2001.  From
2001 to 2012, she worked as a human resources supervisor at Beijing
Yuanzhou Decoration Co., Ltd. and Beijing Dingzhi Huihai Management
Consulting Co., Ltd.

From 2012 to 2020, Ms. Wang Jianshuang served as the Director of
Human Resources at Zhongrong Minxin Capital Management Co., Ltd.,
Shuyun Puhui Technology Co., Ltd., and Beijing Meixin Technology
Co., Ltd.  She coordinated the company's human resources and
administrative management, participated in the company's business
management and major issue decision-making, and enhanced the
company's effectiveness by strengthening the professionalism and
standardization of human resources and administrative management.

Ms. Hou is an Executive Director of Daren International (01957.
HK).

From August 2021 to October 2022, Ms. Hou Yanli served as the CEO
of Daren Group.  Daren Group is a national high-tech enterprise
invested by state-owned civil aviation investment funds and
well-known investment institutions.

From March 2019 to July 2021, Ms. Hou Yanli served as the president
of the Live Streaming Business Group of Yueshang Group,
contributing to the live streaming business of Yueshang Group.

From January 2014 to March 2019, Ms. Hou Yanli served as the
co-founder of 3Q Children's Business School, responsible for the
overall operation and development of the company.  3Q Children's
Business School is a brand under Henan Aishang International
Education Consulting Co., Ltd.  Henan Aishang International
Education Consulting Co., Ltd. is a listed enterprise listed on the
Zhongyuan Equity Trading Center, with enterprise code 204424.

Ms. Hou Yanli studied at Shandong University of Finance and
Economics from 2002 to 2006, obtaining a Bachelor's degree in
Financial Management.  After graduation, she joined Tianan
Insurance Company and worked for eight years.  She has held various
positions including financial accounting, auditing, head of fund
settlement center, assistant to general manager, and group finance
manager. She resigned and started his own business in 2014.

She is also a renowned early childhood education expert, franchise
chain operation planner, and enterprise digital transformation
expert.  She has multiple entrepreneurial experiences and is
skilled in market development and project operation management.

Appointment of Co-Chief Executive Officers; Secretary; and
Treasurer

Further, effective on June 6, 2024, Ms. Wang and Randell Weaver,
the existing chief financial officer, chief operating officer, and
president of the Company, were both appointed to the Company as
co-chief executive officers to fill the vacancy created by Mr.
Higashida's resignation.  Mr. Weaver will also serve as secretary
and treasurer to fill the vacancies created by Mr. Higashida's
resignation.

Randell Weaver Amended and Restated Employment Agreement

On June 7, 2024, the Company and Randell Weaver, president,
co-chief executive officer, chief financial officer, chief
operating officer, secretary, and treasurer of the Company, entered
into a Second Amended and Restated Employment Agreement.  The
Second Amended and Restated Employment Agreement amends and
restates, and replaces in its entirety, the First Amended and
Restated Employment Agreement between the Company and Mr. Weaver
that was effective as of April 26, 2024.  The First Amended and
Restated Employment Agreement amends and restates, and replaces in
its entirety, the Employment Agreement between the Company and Mr.
Weaver that was effective as of Aug. 16, 2023.  In accordance with
terms of the First Amended and Restated Employment Agreement, the
Company's Board unanimously approved the Second Amended and
Restated Employment Agreement upon the recommendation of the
Compensation Committee of the Board.

The Second Amended and Restated Employment Agreement provides for a
term until August 31, 2024 and a base salary of $325,000 per year.
In addition, Mr. Weaver is eligible to receive a one-time cash
bonus equal to $162,500 and restricted stock units with the value
of $243,750, to be issued on his termination date and which shall
vest on April 30, 2025.

Mr. Weaver may terminate the Second Amended and Restated Employment
Agreement whether for any reason or no reason by giving 30 days
written notice to the Company.  Upon such termination, Mr. Weaver
shall only be entitled to (i) accrued but unpaid base salary; and
(ii) reimbursement for any unreimbursed business expenses properly
incurred by Mr. Weaver through the effective date of termination.

The Second Amended and Restated Employment Agreement contains
post-employment nonsolicitation restrictions.  Under such
provisions, for a period of 12 months following the termination of
Mr. Weaver's employment, he will not solicit, divert or take away
or attempt to solicit, divert or take away, any of the employees of
the Company.

Masa Higashida Termination and Release Agreement

On Aug. 15, 2017, the Company and Masa Higashida entered into an
Executive Employment Agreement.  On June 7, 2024, the Company and
Mr. Higashida entered into a Termination and Release Agreement to
terminate the Executive Employment Agreement.  The Executive
Employment Agreement will be of no further force or effect, and the
rights and obligations of the Company and Mr. Higashida thereunder
shall terminate.  In consideration of the Termination and Release
Agreement, on or before June 30, 2024, the Company shall pay Mr.
Higashida an amount equal to $175,500 and issue a certain number of
shares of restricted stock units of the Company with the value of
$175,500, which will vest on April 30, 2025.

                           About NuZee

NuZee, Inc. (d/b/a Coffee Blenders) is a co-packing company for
single serve coffee formats, as well as a preeminent co-packer of
coffee brew bags, which is also referred to as tea-bag style
coffee.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2013, issued a "going concern" qualification in its report dated
Jan. 16, 2024, citing that the Company has suffered recurring
losses and negative cash flows from operations that raises
substantial doubt about its ability to continue as a going concern.


NUZEE INC: Raises $1.5 Million From Common Stock Sale
-----------------------------------------------------
NuZee, Inc. reported in a Form 8-K filed with the Securities and
Exchange Commission on June 10, 2024, that on June 4, 2024, it
entered into a securities purchase agreement with certain
investors, providing for the sale and issuance of 866,048 shares of
the Company's common stock, par value $0.00001 per share for an
aggregate purchase price of $1,500,000.  The purchase, sale, and
issuance of the Shares took place on June 7, 2024.

The Shares were issued pursuant to the Purchase Agreement, were not
registered under the Securities Act of 1933, as amended, and were
issued in reliance on the exemption from registration requirements
thereof provided by Section 4(a)(2) of the Securities Act or
Regulation S promulgated under the Securities Act.  The Company
relied on these exemptions from registration based in part on
representations made by the Investors.

On June 4, 2024, in connection with the Purchase Agreement, the
Company entered into a Registration Rights Agreement with the
Investors.  The Registration Rights Agreement provided, among other
things, that the Company will as soon as reasonably practicable,
and in any event no later than June 13, 2024, file with the SEC (at
the Company's sole cost and expense) a registration statement
registering the resale of (i) the Shares of Common Stock.  The
Company agreed to use its commercially reasonable efforts to have
such registration statement declared effective as soon as
practicable after the filing thereof.

The Purchase Agreement contains customary representations,
warranties and covenants in connection with the transaction.  The
representations, warranties and covenants in the Purchase
Agreements are not intended to provide any other factual
information about the Company.  The representations, warranties and
covenants contained in the Purchase Agreements were made only for
purposes of such agreements and as of specific dates, were solely
for the benefit of the parties to such agreements, and may be
subject to limitations agreed upon by the contracting parties.

                           About NuZee

Headquartered in Vista, California, NuZee, Inc. -- www.mynuzee.com
-- is a specialty coffee and technologies company and a co-packer
of single serve pour over coffee, as well as a co-packer of coffee
brew bags, which is also referred to as tea-bag style coffee. In
addition to its single serve pour over and coffee brew bag coffee
products, the Company has expanded its product portfolio to offer a
third type of single serve coffee format, DRIPKIT pour over
products, as a result of its acquisition of substantially all of
the assets of Dripkit, Inc.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2013, issued a "going concern" qualification in its report dated
Jan. 16, 2024, citing that the Company has suffered recurring
losses and negative cash flows from operations that raises
substantial doubt about its ability to continue as a going concern.


NUZEE INC: Signs Deal to Sell Two Subsidiaries for $10,000
----------------------------------------------------------
Nuzee, Inc. disclosed in a Form 8-K filed with the Securities and
Exchange Commission that on June 7, 2024, the Company entered into
a Share Purchase Agreement with Masateru Higashida.  Pursuant to
the terms of the Share Purchase Agreement the Company sold all the
issued and outstanding shares of its wholly-owned subsidiaries,
NuZee KOREA Ltd. and NuZee Investment Co., Ltd. to Mr. Higashida
for a purchase price of $10,000.  The closing of the sale of the
shares is set to take place on or before June 30, 2024.

The Share Purchase Agreement may be terminated at any time prior to
the closing (a) by the mutual written consent of the Company and
Mr. Higashida or (b) by either the Company or Mr. Higashida if (i)
a breach of any provision of the agreement has been committed by
the other party and such breach has not been cured within 30 days
following receipt by the breaching party of written notice of such
breach, or (ii) the closing does not occur by June 30, 2024.

The Share Purchase Agreement contains customary representations and
warranties and covenants by each party.

Mr. Higashida is an individual with address at 1350 East Arapaho
Road, Suite #230, Richardson, Texas 75081.

                            About NuZee

NuZee, Inc. (d/b/a Coffee Blenders)NuZee, Inc. is a co-packing
company for single serve coffee formats, as well as a preeminent
co-packer of coffee brew bags, which is also referred to as tea-bag
style coffee.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2013, issued a "going concern" qualification in its report dated
Jan. 16, 2024, citing that the Company has suffered recurring
losses and negative cash flows from operations that raises
substantial doubt about its ability to continue as a going concern.


ORGENESIS INC: Granted Until Oct. 14 to Regain Nasdaq Compliance
----------------------------------------------------------------
Orgenesis Inc. disclosed in a Form 8-K filed with the Securities
and Exchange Commission on June 11, 2024, that on June 6, 2024, it
met with the Nasdaq Hearings Panel regarding the Company's
potential delisting from The Nasdaq Stock Market as a result of its
violation of the bid price requirement of Nasdaq Listing Rule
5550(a)(2) and the equity requirement in Listing Rule 5550(b)(1) or
any of the alternative requirements in Listing Rule 5550(b).  On
June 8, 2024, the Company received the Nasdaq Hearings Panel
decision which granted the Company until Oct. 14, 2024 to regain
compliance with the Bid Price and Equity Rules.  If the Company is
unable to regain compliance with the listing standards of the
Nasdaq Capital Market by Oct. 14, 2024, the Company's securities
may be delisted from The Nasdaq Stock Market.

                          About Orgenesis

Headquartered in Germantown, MD, Orgenesis, Inc. --
http://www.orgenesis.com-- is a global biotech company working to
unlock the potential of cell and gene therapies ("CGTs") in an
affordable and accessible format.  CGTs can be centered on
autologous (using the patient's own cells) or allogenic (using
master banked donor cells) and are part of a class of medicines
referred to as advanced therapy medicinal products ("ATMPs").  The
Company is mostly focused on autologous therapies that can be
manufactured under processes and systems that are developed for
each therapy using a closed and automated approach that is
validated for compliant production near the patient for treatment
of the patient at the point of care ("POCare").  This approach has
the potential to overcome the limitations of traditional commercial
manufacturing methods that do not translate well to commercial
production of advanced therapies due to their cost prohibitive
nature and complex logistics to deliver such treatments to patients
(ultimately limiting the number of patients that can have access
to, or can afford, these therapies).

Haifa, Israel-based Kesselman & Kesselman, the Company's auditor
since 2012, issued a "going concern" qualification in its report
dated April 15, 2024, citing that the Company has suffered
recurring losses from operations and has incurred cash outflows
from operating activities that raise substantial doubt about its
ability to continue as a going concern.


OUTFRONT MEDIA: All Proposals Approved at 2024 Annual Meeting
-------------------------------------------------------------
OUTFRONT Media Inc. held its 2024 Annual Meeting of Stockholders
during which the Company's stockholders:

     (1) approved the re-election of eight incumbent directors,
Nicolas Brien, Angela Courtin, Manuel A. Diaz, Michael J.
Dominguez, Jeremy J. Male, Peter Mathes, Susan M. Tolson and Joseph
H. Wender, to the Company's board of directors;

    (2) approved the ratification of the appointment of
PricewaterhouseCoopers LLP to serve as the Company's independent
registered public accounting firm for fiscal year 2024; and

    (3) approved, on a non-binding advisory basis, the compensation
of the Company's named executive officers.

                     About OUTFRONT Media Inc.

Headquartered in New York, OUTFRONT Media Inc. leases advertising
space on out-of-home advertising structures and sites. As of March
31, 2024, the Company has $5.51 billion in total assets, $4.87
billion in total liabilities, and $647.2 million in total equity.

                           *     *     *

Egan-Jones Ratings Company on April 5, 2024, maintained its 'CCC'
foreign currency and local currency senior unsecured ratings on
debt issued by OUTFRONT Media Inc.


PARKERVISION INC: Extends Maturities of $350K Note to Dec. 1
------------------------------------------------------------
ParkerVision, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission on June 7, 2024, that on June 3,
2024, it amended a convertible promissory note dated June 7, 2019,
with a face value of $150,000 held by an accredited investor to
extend the maturity date from June 7, 2024 to Dec. 1, 2024.  All
other terms of the note, including the $0.10 conversion price,
remain unchanged.

In addition, on June 3, 2024, the Company amended two convertible
promissory notes dated July 18, 2019, each with a face value of
$100,000 held by accredited investors, to extend the maturity date
from July 18, 2024 to Dec. 1, 2024.  All other terms of the notes,
including the $0.08 conversion price, remain unchanged.

                        About ParkerVision

Jacksonville, Fla.-based ParkerVision, Inc., and its wholly-owned
German subsidiary, ParkerVision GmbH is in the business of
innovating fundamental wireless hardware technologies and products.
The Company has designed and developed proprietary RF technologies
and integrated circuits based on those technologies, and the
Company licenses its technologies to others for use in wireless
communication products.

Fort Lauderdale, Fla.-based MSL, P.A., the Company's auditor since
2019, issued a "going concern" qualification in its report dated
March 21, 2024, citing that the Company's current resources are not
sufficient to meet their liquidity needs for the next 12 months,
the Company has historically suffered recurring losses from
operations, and has a net capital deficiency that raise substantial
doubt about its ability to continue as a going concern.



PINEAPPLE ENERGY: Appoints James Brennan as Chief Operating Officer
-------------------------------------------------------------------
Pineapple Energy Inc. disclosed in a Form 8-K Report filed with the
U.S. Securities and Exchange Commission that the Board of Directors
of the Company appointed James R. Brennan as the Company's Chief
Operating Officer, effective May 28, 2024.

Mr. Brennan, 59, has served as the Company's Senior Vice President,
Corporate Development since November 2022 and was the Chief Growth
Officer at SUNation Energy from March 2015 until it was acquired by
the Company in November 2022. He has over 30 years of experience in
strategy, corporate development, sales and marketing management,
and international business while deploying software, services and
devices. Mr. Brennan has also earned a Master of Business
Administration in Finance from New York University and a Bachelor
of Science in Electrical Engineering from Cornell University.

There were no changes to Mr. Brennan's compensation in connection
with his appointment as Chief Operating Officer. Mr. Brennan is
party to an employment agreement with the Company related to his
position as Senior Vice President, Corporate Development.

On November 9, 2022, the Company entered into a Transaction
Agreement with Solar Merger Sub, LLC, a New York limited liability
company and wholly owned subsidiary of the Company, Scott Maskin,
James Brennan, Scott Sousa and Brian Karp, and Scott Maskin as
representative of each seller, pursuant to which the Company
acquired all of the issued and outstanding equity of SUNation Solar
Systems, Inc. and five of its affiliated entities, directly or
indirectly, from the Sellers. Mr. Brennan was appointed as the
Senior Vice President, Corporate Development, of the Company,
received 494,007 shares of Company common stock as consideration in
the transaction and was granted an inducement award of 65,455
restricted stock units in connection with his employment with the
Company.

The Company acquired SUNation from the Sellers for an aggregate
purchase price of $18,440,533, comprised of (a) $2,390,000 in cash
consideration paid at closing, (b) the issuance at closing of a
$5,000,000 Short-Term Limited Recourse Secured Promissory Note
payable to Messrs. Maskin and Brennan,(c) the issuance at closing
of a $5,486,000 Long-Term Promissory Note payable to Messrs. Maskin
and Brennan, with a fair value of $4,830,533 at the acquisition
date, and (d) the issuance at closing of an aggregate of 1,480,000
shares of Company common stock. The purchase price also includes
potential earn-out payments of up to $5,000,000 in the aggregate
based on the percentage of year-over-year EBITDA growth of the
SUNation businesses in 2023 and 2024.

The Short-Term Note was paid in full on June 1, 2023. The Long-Term
Note is unsecured and matures on November 9, 2025. It carries an
annual interest rate of 4% until the first anniversary of issuance,
then 8% thereafter until the Long-Term Note is paid in full. The
Company will be required to make a principal payment of $2.5
million on the second anniversary of the Long-Term Note. As of
October 15, 2023, the full $5.5 million remained outstanding under
the Long-Term Note and the Company had paid an aggregate amount of
interest on the Long-Term Note of $31,263.

On May 14, 2024, the Company received a demand letter sent by
Messrs. Maskin and Brennan for its failure to pay the first earnout
payment of $2,500,000 under the Transaction Agreement, which was
due on May 5, 2024.

                    About Pineapple Energy Inc.

Pineapple Energy Inc. is a growing domestic operator and
consolidator of residential and commercial solar, battery storage,
and grid services solutions. Its strategy is focused on acquiring,
integrating, and growing leading local and regional solar, storage,
and energy services companies nationwide.  Pineapple is primarily
engaged in the sale, design, and installation of photovoltaic solar
energy systems and battery storage systems through its Hawaii-based
Hawaii Energy Connection and New York-based SUNation Solar Systems
entities.

As of December 31, 2023, the Company had $58.2 million in total
assets, $37.7 million in total liabilities, and $20.4 million in
total stockholders' equity.

Melville, N.Y.-based UHY LLP, the Company's auditor since 2023,
issued a "going concern" qualification in its report dated March
29, 2024, citing that the Company's current financial position and
the Company's forecasted future cash flows for 12 months beyond the
date of issuance of the financial statements indicate that the
Company will not have sufficient cash to make the first SUNation
earnout payment in the second quarter of 2024 or the first
principal payment of the Long-Term Note due on November 9, 2024,
factors which raise substantial doubt about the Company's ability
to continue as a going concern.


PITNEY BOWES: S&P Alters Outlook to Developing, Affirms 'B+' ICR
----------------------------------------------------------------
S&P Global Ratings revised its outlook to developing from stable
and affirmed its 'B+' issuer credit rating and its issue-level
ratings on Pitney Bowes Inc.

The developing outlook reflects the uncertain impact of the
company's transformation plan, especially the strategic review of
the GEC segment, on its credit profile. S&P also notes the lack of
a track record of a long-term financial policy under the recently
increased influence of activist investor Hestia Capital.

The approach Pitney Bowes takes in exiting the GEC business could
produce significantly different credit profiles in 2024. The GEC
segment has consistently generated annual losses for over five
years, with a company-adjusted EBITDA deficit of $80 million over
the 12 months ended March 31, 2024. The segment has faced recent
lower volumes in its cross-border business and less revenue per
piece for domestic parcels. S&P said, "We therefore believe an exit
may bolster Pitney Bowes' long-term profitability and credit
profile. A full shutdown of the segment, especially in a protracted
or complicated process, could introduce significant implementation
costs or execution risks given GEC's scale (about 41.5% of total
2023 revenue). We believe this scenario could put near-term
downward pressure on the rating, as opposed to a part or full
divestiture that may reduce potential business disruption. If
Pitney Bowes executes the exit with minimal disruption while
generating the other incremental savings and cash from its
transformation plan in order to reduce leverage, we believe there
could be rating upside in the long run. We may also affirm the
rating if we feel the potential headwinds from implementing the
plan are manageable given the company's wider operating
performance."

Frequent recent board and management changes lead to some
uncertainty about long-term financial policy and business strategy.
S&P said, "We believe an upgrade would also depend on our
visibility of long-term financial policy and business strategy
following the transformation plan. The involvement of Hestia
Capital (a 9% shareholder) in Pitney Bowes' governance since the
proxy battle last year has increased and led to widescale changes
in the board composition and management team. While we believe the
board and leadership are better aligned after interim CEO Lance
Rosenzweig was appointed in May to accelerate the transformation
process, Pitney Bowes is still searching for a permanent CEO and
CFO. Therefore, we are currently uncertain about capital allocation
after the transformation and associated deleveraging is complete."

Prior cost savings and strong profitability in the SendTech and
Presort segments have improved EBITDA margins and leverage over the
last few quarters. As of the first quarter of 2024, Pitney Bowes
had completed most of the companywide cost-saving plan it began
last year, from which we expect more than $85 million in total
savings. Presort achieved record quarterly revenue and EBITDA
helped by higher revenue per piece, lower unit transportation
costs, and labor productivity gains. SendTech's profitability
remained robust from a favorable mix of digital shipping revenues
and higher-margin equipment lease extensions. These trends have
reduced S&P Global Ratings-adjusted leverage (after adjustments for
captive finance operations and accessible cash) to about 5x as of
the end of 2023 (and 4.7x as of March 31, 2024) compared to S&P's
prior expectation of about 6x.

S&P said, "Given the current lack of information about key elements
of the transaction plan, our base-case scenario excludes the plan's
impact. On that basis, we now expect leverage to decrease to about
4x at the end of 2024 compared to our previous expectation of
4.6x-4.9x."

The developing outlook reflects the uncertain impact of Pitney
Bowes' recently announced transformation plan on its credit profile
due to a lack of key details, including the outcome of the ongoing
strategic review of its GEC segment. S&P said, "We could lower the
rating if a drawn-out and complex shutdown leads to significant
business disruptions and implementation costs. Conversely, an
executed exit with minimal disruption and further deleveraging from
the wider plan could lead to an upgrade under a supportive
long-term financial policy and business strategy. As we get more
information, we also could affirm the rating and revise the outlook
to negative, stable, or positive."

S&P could raise its rating if Pitney Bowes:

-- Executes its transformation plan with minimal business
disruptions, improving long-term EBITDA margin and free operating
cash flow (FOCF) such that it reduces S&P Global Ratings-adjusted
leverage toward 4x or below on a sustained basis and increases FOCF
to debt above 10%; and

-- Maintains a stable long-term financial policy and business
strategy that supports such credit metrics, even with Hestia
Capital's involvement in its governance.

S&P could lower the rating if:

-- The company's transformation plan leads to significant business
disruptions or operational mishaps leading to worse-than-expected
operating performance including weaker revenues or EBITDA margins.
This could be due to a prolonged and difficult shutdown of the GEC
segment that also causes elevated implementation costs;

-- A decline in the industry or macroeconomic outlook accelerates
revenue declines in SendTech and causes weakness in Presort; or

-- S&P expects leverage to stay above 5x on a sustained basis or
reported FOCF near break-even or worse on a sustained basis. This
could be due to a change to a more aggressive financial policy.



POGO ENERGY: Wins Interim Cash Collateral Access
------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, authorized Pogo Energy, LLC to use cash
collateral, on an interim basis, in accordance with the budget.

V3 Capital Group, LLC (together with V3 Commodities Group, LLC, V3)
and the Debtor were parties to (i) the Loan d Energy Services
Agreement dated June 9, 2022 and amended as of August 4, 2022,
February 24, 2023, August 31, 2023, October 25, 2023, and February
26, 2024 (the LESA); (ii) the Debtor and V3 Commodities Grp, LLC
(V3 Commodities) were parties the ISDA Master Agreement on June 9,
2022 (the ISDA Agreement); (iii) the Security Agreement, dated as
of June 9, 2022 (the Security Agreement); and (iv) the Blocked
Account Control Agreement, dated as of June 9, 2022 nd all related
account control agreements, together, the BACA), such V3 Agreements
expired on May 31, 2024.

As of the Petition Date, the Debtor was liable to V3 pursuant to
the V3 Agreements not less than $3.6 million in respect of due and
unpaid amounts, accrued and unpaid interest, fees, and expenses.

As security for the Adequate Protection Claim, effective and
perfected as of the Petition Date and without the necessity of the
execution by the Debtor (or recordation or other filing) of
documents, or the possession or control by V3 of any property, V3
is granted a valid, binding, continuing, enforceable,
fully-perfected first priority lien on, and security interest,
subject and subordinate only  the Carve Out, in all Prepetition
Collateral and all other tangible and intangible prepetition and
postpetition property in which the Debtor has an interest, whether
existing on or as of the Petition Date or thereafter acquired.

V3 will hold allowed superpriority claims against the Debtor
pursuant to 11 U.S.C. section 507(b), subject and subordinate only
to the Carve Out, with priority in payment over any and all
unsecured claims and administrative expense claims against the
Debtor, now existing or hereafter arising.

These events constitute an "Event of Default":

a. the Debtor fails to perform any of its obligations in accordance
with the terms of the Interim Order (including adherence to the
Budget and Budget Covenants);

b. the Debtor supports, commences, or joins as an adverse party in
any suit or other proceeding against V3 relating to the Prepetition
Obligations, the V3 Agreements or the Prepetition Collateral,
including any proceeding seeking to avoid or require repayment of
any payments to V3;

c. any disclosure or statement of the Debtor provided to V3 proves
to have been knowingly false or misleading in any material
respect;

d. the Debtor files a motion seeking to create any postpetition
liens or security interests, other than those granted or permitted
pursuant to this Interim Order, provided however, the Debtor's
filing of a motion seeking debtor-in-possession (DIP) financing
shall not constitute an Event of Default if the Debtor provided V3
a copy of the DIP financing motion, proposed order, and loan
documents three business days prior to filing;

e. the Court enters any order without V3's consent that creates any
postpetition liens or security interests, other than those granted
or permitted pursuant to the Interim Order;

f. the Court will enter an order approving any claims for recovery
of amounts surcharging any of the Collateral, or otherwise
approving any claim or surcharge relating to or arising from the
preservation of any Collateral, in each case, under 11 U.S.C.
section 552(b) or section 506(c);

g. the entry of an order in any court reversing, staying, vacating
or modifying the terms of the Interim Order;

h. a chapter 11 trustee or examiner with expanded powers is
appointed in the Chapter 11 Case;

i. the SVT is provided expanded powers in the Chapter 11 Case;

j. the Chapter 11 Case is dismissed; or

k. the Chapter 11 Case is converted to a case under Chapter 7.

A final hearing on the matter is set for June 20 at 3:30 p.m.

A copy of the order is available at https://urlcurt.com/u?l=wuJnvY
from PacerMonitor.com.


                   About Pogo Energy, LLC

Pogo Energy, LLC is a retail electricity provider located in
Dallas, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 24-31524) on May 30,
2024. In the petition signed by Phillip Terry, as CEO and managing
member, the Debtor disclosed up to $10 million in both assets and
liabilities.

Judge Michelle V. Larson oversees the case.

Rachael L. Smiley, Esq., at FERGUSON BRASWELL FRASER KUBASTA PC,
represents the Debtor as legal counsel.







PROFESSIONAL DIVERSITY: All Four Proposals Passed at Annual Meeting
-------------------------------------------------------------------
Professional Diversity Network, Inc. disclosed in a Form 8-K filed
with the Securities and Exchange Commission on June 12, 2024, that
on June 10, 2024, it held its Annual Meeting of Stockholders at
which the stockholders:

   (1) elected Michael Belsky, Chris Renn, Courtney Shea, Ge Yi,
       and Hao (Howard) Zhang as directors, to serve until the next

       annual meeting of stockholders of the Company and until
their
       respective successors are duly elected and qualified;

   (2) ratified the appointment of Sassetti, LLC as the Company's
       independent registered public accounting firm for the
fiscal
       year ending Dec. 31, 2024;

   (3) ratified, on a non-binding basis, the compensation of the
       Company's named executive officers; and

   (4) voted to recommend, on a non-binding basis, a yearly
       frequency of future advisory votes on the compensation of
       the Company's named executive officers.

In light of the outcome of the Say on Frequency vote (Proposal 4),
the Board of Directors has determined to hold future advisory votes
on the compensation of the Company's named executive officers on an
annual basis until the next required Say on Frequency vote.

                   About Professional Diversity

Headquartered in Chicago, Illinois, Professional Diversity Network,
Inc. -- https://www.prodivnet.com -- is a global developer and
operator of online and in-person networks that provides access to
networking, training, educational and employment opportunities for
diverse professionals.  The Company operates subsidiaries in the
United States including National Association of professional Women
(NAPW) and its brand, International Association of Women (IAW),
which is one of the largest, most recognized networking
organizations of professional women in the country, spanning more
than 200 industries and professions.  Through an online platform
and its relationship recruitment affinity groups, the Company
provides its employer clients a means to identify and acquire
diverse talent and assist them with their efforts to comply with
the Equal Employment Opportunity Office of Federal Contract
Compliance Program.  The Company's mission is to utilize the
collective strength of its affiliate companies, members, partners
and unique proprietary platform to be the standard in business
diversity recruiting, networking and professional development for
women, minorities, veterans, LGBTQ+ and disabled persons globally.

Oak Brook, Illinois-based Sassetti LL, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
March 29, 2024, citing that the Company has incurred recurring
operating losses, has a significant accumulated deficit, and will
need to raise additional funds to meet its obligations and the
costs of its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.



PROFESSIONAL DIVERSITY: Reports Net Loss of $791,832 in Q1 2024
---------------------------------------------------------------
Professional Diversity Network, Inc. filed with the U.S. Securities
and Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss attributable to the company of $791,832 on $1,726,842 of
total revenue for the three months ended March 31, 2024, compared
to a net loss attributable to the company of $1,068,927 on
$1,955,209 of total revenue for the three months ended March 31,
2023.

As of March 31, 2024, the Company has $5,676,991 in total assets,
$3,831,216, and $1,845,775 in total stockholders' equity.

"Our first quarter showed a mixed bag within our revenue streams.
Demand for direct enterprise sales was light at the beginning of
the quarter, however we recorded the best quarterly renewal
percentage in the Company's history. We continue to focus on
strategic targeting of industries and business that we feel are in
need of our services.  RemoteMore was behind budget for the quarter
as demand was slow in the period but is in conversation with
numerous potential clients.  We are catiously optimistic that we
can deliver on some of these discussions," said Adam He, CEO of
Professional Diversity Network. "Our NAPW network was bordering
being cash flow positive for the first time, with non-cash items
such as amortization pushing them into a slight loss position for
the quarter, far less than any other recent quarterly period."

A full-text copy of the Company's Form 10-Q is available at:

  
https://www.sec.gov/ix?doc=/Archives/edgar/data/1546296/000143774924016938/ipdn20240331_10q.htm

                  About Professional Diversity

Headquartered in Chicago, Illinois, Professional Diversity Network,
Inc. -- https://www.prodivnet.com/ -- is a global developer and
operator of online and in-person networks that provides access to
networking, training, educational and employment opportunities for
diverse professionals.  The Company serves a variety of such
communities, including Women, Hispanic-Americans,
African-Americans, Asian-Americans, persons with disabilities,
Military Professionals, and Lesbian, Gay, Bisexual, Transgender and
Queer (LGBTQ+).  The Company's goal is (i) to assist its registered
users and members in their efforts to connect with like-minded
individuals and identify career opportunities within the network
and (ii) connect members with prospective employers while helping
the employers address their workforce diversity needs.  The Company
believes that the combination of its solutions allows it to
approach recruiting and professional networking in a unique way and
thus create enhanced value for its members and clients.

As of Dec. 31, 2023, the Company had $6.33 million in total assets,
$3.76 million in total liabilities, and $2.57 million in total
stockholders' equity.

Oak Brook, Illinois-based Sassetti LL, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
March 29, 2024, citing that the Company has incurred recurring
operating losses, has a significant accumulated deficit, and will
need to raise additional funds to meet its obligations and the
costs of its operations.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


PROSOMNUS INC: Court OKs $7MM DIP Loan from Wilmington
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
ProSomnus, Inc. and its affiliated debtors-in-possession to use
cash collateral and obtain postpetition financing, on an interim
basis.

The Debtor is permitted to obtain senior subordinate secured
postpetition financing on a subordinate superpriority basis
consisting of:

(1) a new money multi-draw term loan facility consisting of $7
million, of which $2.5 million will be available upon entry of the
Interim Order and approximately $4.5 million will be available upon
entry of the Final Order, and

(2) upon entry of the Interim Order, a roll-in of obligations under
(i) the Bridge Notes in the aggregate principal amount of $4
million plus all accrued interest through the date of entry of the
Interim Order, and (ii) the Senior Notes in the aggregate principal
amount of $2 million,
pursuant to the terms and conditions of the Interim Order, the
Final Order, and the Senior Subordinate Superpriority Secured
Debtor-in-Possession Credit Agreement from a consortium of lenders,
agented by Wilmington Savings Fund Society, FSB.

The Debtors have a critical need to obtain the financing pursuant
to the DIP Facility and to continue to use the Prepetition
Collateral (including Cash Collateral) in order to, among other
things, (i) pay the fees, costs, and expenses incurred in
connection with the Chapter 11 Cases, (ii) fund any obligations
benefitting from the Carve-Out, (iii) continue their operations,
(iv) maintain business relationships with customers, vendors and
suppliers, (v) make payroll, and (vi) satisfy other working capital
and operational needs and costs of the restructuring, all to the
extent provided in, and in accordance with, the Approved Budget,
the Interim Order, the Final Order and the DIP Documents.

Each of the Debtors is party to the Indenture, dated as of December
6, 2022, as amended, among (i) ProSomnus, Inc., as the issuer, (ii)
ProSomnus Holdings and ProSomnus Sleep Technologies, as guarantors
party thereto, and (iii) Wilmington Trust, National Association, as
trustee and collateral agent. Pursuant to the 2022 Senior
Convertible Notes Indenture, the issuer issued Senior Secured
Convertible Notes due December 6, 2025 in the aggregate principal
amount of up to $22 million, comprised of: (i) an initial offering
of Senior Convertible Notes on December 6, 2022 in the aggregate
principal amount of $17million, and (ii) a subsequent offering of
Senior Convertible Notes on April 17, 2024 in the aggregate
principal amount of up to $5 million.

As of the Petition Date, the Senior Convertible Notes Loan Parties
were indebted to the Senior Convertible Notes Secured Parties, in
the aggregate amount of not less than $16 million.

Each of the Debtors is party to the Indenture, dated as of October
11, 2023 among (i) ProSomnus, Inc., as the issuer, (ii) ProSomnus
Holdings and ProSomnus Sleep Technologies, as guarantors party
thereto, and (iii) Wilmington Trust, National Association, as
trustee and collateral agent. Pursuant to the 2023 Senior Exchange
Notes Indenture, the issuer issued Senior Secured Convertible
Exchange Notes due December 6, 2025 in the aggregate principal
amount of $3.4 million in exchange for $3.4 million principal
amount of Senior Convertible Notes.

As of the Petition Date, the Senior Exchange Notes Loan Parties
were indebted to the Senior Exchange Notes Secured Parties, in the
aggregate amount of not less than $3.4 million on account of
principal amounts outstanding under the Senior Exchange Notes.

Each of the Debtors is party to the Indenture, dated as of December
6, 2022, as amended by the First Supplemental Indenture, dated as
of June 29, 2023, as further amended by the Second Supplemental
Indenture, dated as of September 20, 2023 among (i) ProSomnus,
Inc., as the issuer, (ii) ProSomnus Holdings and ProSomnus Sleep
Technologies, as guarantors party thereto, and (iii) Wilmington
Trust, National Association, as trustee and collateral agent.
Pursuant to the 2022 Subordinate Convertible Notes Indenture, the
issuer issued Subordinated Secured Convertible Notes due April 6,
2026 in the aggregate principal amount of $17 million.

As of the Petition Date, the Subordinated Convertible Notes Loan
Parties were indebted to the Subordinated Convertible Notes Secured
Parties in the aggregate amount of not less than $5.3 million on
account of principal amounts outstanding under the Subordinated
Convertible Notes.

The court ruled that the automatic stay imposed under 11 U.S.C.
section 362 is modified and vacated on a final basis to the extent
necessary to permit the Debtors, the DIP Secured Parties, and the
Prepetition Secured Parties to accomplish the transactions
contemplated by the Final Order, including to: (a) permit the
Debtors to grant the DIP Liens and DIP Superpriority Claims; (b)
permit the Debtors to perform such acts as the DIP Agent may
reasonably request to assure the perfection and priority of the
liens granted herein; (c) permit the Debtors to incur all
liabilities and obligations to the DIP Secured Parties under the
Final Order and the DIP Documents; and (d) authorize the Debtors to
pay, and the DIP Secured Parties to retain and apply, payments made
in accordance with the terms of the Final Order.

The DIP Liens and the Prepetition Liens are subordinate to the
following: (i) quarterly fees required to be paid pursuant to 28
U.S.C. section 1930(a)(6), together with interest payable thereon
pursuant to applicable law and any fees payable to the Clerk of the
Bankruptcy Court; (ii) the allowed, accrued, and unpaid reasonable
fees and expenses of professionals employed by the Debtors capped
at the amounts set forth in the Approved Budget.

A copy of the order is available at https://urlcurt.com/u?l=HCVGdL
from PacerMonitor.com.

              About ProSomnus, Inc.

ProSomnus, Inc., f/k/a LAAA Merger Corp., is an innovative medical
technology company that develops, manufactures, and markets its
proprietary line of precision intraoral medical devices for
treating and managing patients with obstructive sleep apnea.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case 24-10972) on May 7, 2024,
with $26,287,000 in assets as of Dec. 31, 2023 and $52,888,000 in
liabilities as of Dec. 31, 2023. Brian B. Dow, chief financial
officer, signed the petitions.

Judge John T. Dorsey presides over the case.

The Debtors tapped Shanti M. Katona, Esq., at POLSINELLI PC as
legal counsel; and GAVIN/SOLMONESE LLC as financial advisor.

The law firms of Kilpatrick Townsend & Stockton LLP and Morris
James LLP represent the Ad Hoc Crossover Group of Convertible
Noteholders.


RED LOBSTER: Faces Possible Closure of More Than 100 Locations
--------------------------------------------------------------
Stephanie Maida of Tasting Table reports that Red Lobster could be
facing the shuttering of more than 100 more outposts if the company
is unable to work out its leasing issues.

Per Restaurant Business Online, the recent bankruptcy filings by
Red Lobster listed more than 230 rejected leases on restaurant
locations that the company has deemed to be pure money drains due
to high rent prices. As nearly 100 of those locales have already
closed their doors in the past month, that could mean around 130
more are set for the chopping block, including the popular outpost
in New York City's Time Square, which has operated in the same spot
for over two decades.

As the New York Post recently reported, the company has been trying
to negotiate with the property's landlords as they seek to raise
the restaurant's annual rent by more than double what it was
previously. Indeed, Red Lobster's current CEO expressed that "a
material portion of the company's leases are priced above market
rates" in the bankruptcy filing, which also said that the company's
rents clocked in at $200 million a year (per NBC News). That
amounts to roughly 10% of Red Lobster's revenues.

In addition to the highly publicized losses incurred by higher-ups'
decision to make endless shrimp a permanent menu option last June,
industry-wide challenges like inflation, rising food costs, and the
lingering effects of the Covid-19 pandemic have surely all played a
part in causing the chain's current predicament. However, when it
comes to the leasing issues in particular that Red Lobster is
facing, many experts have pointed to the detrimental role of the
sale-leaseback transactions led by private-equity firm Golden Gate
Capital, which purchased the seafood chain back in 2014 and had a
stake in it until 2020.

Throughout the firm's ownership, the seafood chain underwent a
common private-equity practice known as asset-stripping, in which
the new owners or investors sell off company assets, like real
estate, for a profit. Rarely, however, does it benefit the company
itself. In Red Lobster's case, that involved selling the land lots
owned by the company to an outside investor, who then leased back
the real estate to the company, so its restaurants could continue
operating in the same locations. Afterwards, the outposts were at
the whim of their new landlord and had to deal with regular rent
hikes, significantly cutting into profits and landing the chain
where it is now. If those additional costly lease locations listed
in the filing can't be negotiated to lower rent prices, the
shuttering of more eateries seems unavoidable.

                 About Red Lobster Seafood Co.  

Red Lobster Management, LLC, owns and operates 705 Red Lobster
seafood restaurants throughout North America. Red Lobster generates
about $2.4 billion of annual revenue. Red Lobster is owned by
private equity firm Golden Gate Capital. On the Web:
http://www.redlobster.com/

Red Lobster Management and its affiliates sought Chapter 11
protection (Bankr. M.D. Fla. Lead Case NO. 24-02486) on May 19,
2024. As part of these filings, Red Lobster has entered into a
stalking horse purchase agreement pursuant to which Red Lobster
will sell its business to an entity formed and controlled by its
existing term lenders.

King & Spalding LLP is lead counsel to the Debtors; Berger
Singerman LLP serves as local counsel; and Blake, Cassel & Graydon,
LLC represents the Canadian applicants.

Alvarez & Marsal North America, LLC is serving as financial advisor
and providing corporate leadership as Chief Executive and Chief
Restructuring Officers. Jonathan Tibus, a Managing Director at
Alvarez & Marsal, serves as the debtors' CEO.

Hilco Corporate Finance is serving as M&A advisor to Red Lobster.
Keen-Summit is serving as real estate advisor.



RENALYTIX PLC: Signs Consulting Agreement With Interim CFO
----------------------------------------------------------
Renalytix plc disclosed in a Form 8-K filed with the Securities and
Exchange Commission on June 12, 2024, that on June 7, 2024, in
connection with his appointment as Interim Chief Financial Officer,
Joel R. Jung and the Company, through its subsidiary Renalytix AI,
Inc., entered into a Consulting Services Agreement.  Pursuant to
the terms of the Consulting Agreement, Mr. Jung will receive the
following compensation: (a) a monthly base salary of $8,000; and
(b) options to purchase 60,000 of the Company's ordinary shares
with an exercise price per share equal to the closing price of the
Company's ordinary shares on AIM, a market operated by the London
Stock Exchange, on the trading day before the date of grant vest as
follows: (i) 1/4 of the options vest on Aug. 28, 2024, and (ii) the
remaining 3/4 of the options will vest on a monthly basis over the
nine month period following Aug. 28, 2024; provided that all such
options shall vest upon the occurrence of certain change in control
transactions.  The Consulting Agreement may be terminated by either
party upon three months' written notice.

Mr. Jung was appointed interim CFO in connection with O. James
Sterling's resignation from his position with the Company.

                           About Renalytix

Headquartered in United Kingdom, Renalytix (LSE: RENX) (NASDAQ:
RNLX) -- www.renalytix.com -- is focused on providing doctors
around the world with a safe, reliable and effective tool to
identify which patients are or are not in danger of losing
significant kidney function and falling into kidney failure and may
require long-term dialysis or kidney transplant. Chronic kidney
disease is one of the largest urgent medical needs, globally
affecting an estimated 850 million people, and is responsible for
an unsustainable and growing societal cost burden.

Iselin, New Jersey-based Ernst & Young LLP, the Company's auditor
since 2021, issued a "going concern" qualification in its report
dated Sept. 28, 2023, citing that the Company has suffered
recurring losses and negative cash flows from operations, expects
to incur additional losses and require substantial additional
capital to fund its operations, and has stated that substantial
doubt exists about the Company's ability to continue as a going
concern.

Renalytix said in its Quarterly Report on Form 10-Q for the period
ended March 31, 2024, that, "As a result of its losses and
projected cash needs, substantial doubt exists about the Company's
ability to continue as a going concern.  Substantial additional
capital will be necessary to fund the Company's operations, expand
its commercial activities and develop other potential diagnostic
related products. The Company is seeking additional funding through
public or private equity offerings, debt financings, other
collaborations, strategic alliances and licensing arrangements.
The Company may not be able to obtain financing on acceptable
terms, or at all, and the Company may not be able to enter into
strategic alliances or other arrangements on favorable terms, or at
all.  The terms of any financing may adversely affect the holdings
or the rights of the Company's shareholders.  If the Company is
unable to obtain funding, the Company may not be able to meet its
obligations and could be required to delay, curtail or discontinue
research and development programs, product portfolio expansion or
commercialization efforts, which could adversely affect its
business prospects."


RISKON INTERNATIONAL: Securities Delisted From Nasdaq
-----------------------------------------------------
The Nasdaq Stock Market LLC filed a 25-NSE Report with the U.S.
Securities and Exchange Commission stating that it has determined
to remove from listing the securities of RiskOn International,
Inc.

Based on review of information provided by the Company, Nasdaq
Staff determined that the Company no longer qualified for listing
on the Exchange pursuant to Listing Rule 5550(b).

The Company was notified of the Staff determination on December 1,
2023. The Company requested a hearing on December 8, 2023. On
January 9, 2024, the Company received an additional delist letter
pursuant to Listing Rule 5640 and IM-5640.

On February 21, 2024, the Company received an additional delist
determination pursuant to Listing Rule 5110(a), as a result of this
additional delist determination the Company securities were
suspended on February 28, 2024.

On March 22, 2024, the Company received an additional delist
determination for its failure to meet the minimum bid price
requirement in Listing Rule 5550(a)(2), On April 12, 2024, upon
review of the information provided by the Company, the Panel
determined to deny the Company request to remain listed on the
Exchange. The Company did not appeal the Decision to the Nasdaq
Listing and Hearing Review Council and the Council did not call the
matter for review.

The Staff determination to delist the Company became final on May
28, 2024.

                     About RiskOn International

Founded in 2011, RiskOn International, Inc. (formerly known as
BitNile Metaverse, Inc.) owns 100% of BNC, including the
BitNile.com metaverse platform.  The Platform, which went live to
the public on March 1, 2023, allows users to engage with a new
social networking community and purchase both digital and physical
products while playing 3D immersive games. In addition to BNC, the
Company also owns two non-core subsidiaries: approximately 66% of
Wolf Energy Services Inc. (OTCQB: WOEN) indirectly and
approximately 89% of Agora Digital Holdings, Inc. directly. RiskOn
also owns approximately 70% of White River Energy Corp (OTCQB:
WTRV).

RiskOn reported a net loss of $87.36 million on $0 revenue for the
year ended March 31, 2023, compared to a net loss of $10.55 million
on $27,182 of revenues for the year ended March 31, 2022.

As of Dec. 31, 2023, the Company had $101,487 in cash and cash
equivalents.  The Company believes that the current cash on hand is
not sufficient to conduct planned operations for one year from the
issuance of the condensed consolidated financial statements, and it
needs to raise capital to support its operations, raising
substantial doubt about its ability to continue as a going concern.
The Company acquired BitNile.com in March 2023, which has generated
nominal revenue as of December 31, 2023.  Its ability to continue
as a going concern is dependent on its obtaining adequate capital
to fund operating losses until it establishes continued revenue
streams and become profitable.  Management's plans to continue as a
going concern include raising additional capital through sales of
equity securities and borrowing.  However, management cannot
provide any assurances that the Company will be successful in
accomplishing any of its plans.  If the Company is unable to obtain
the necessary additional financing on a timely basis, it will be
required to delay, reduce or perhaps even cease the operation of
its business, according to the Company's Quarterly Report for the
period ended Dec. 31, 2023.


RITE AID: $20 Million CEO Pay Gets Lender Backlash
--------------------------------------------------
Reshmi Basu of Bloomberg News reports that Rite Aid Corp.'s main
lenders are demanding a proposed $20 million payout to Chief
Executive Officer Jeffrey Steinbe reduced before they fund the
company's exit from bankruptcy, according to people with knowledge
of the situation.

The pay package is one of the few remaining points of contention in
negotiations that began last October 2023 when the company filed
for Chapter 11, the people said.

                         About Rite Aid

Rite Aid -- http://www.riteaid.com-- is a full-service pharmacy
that improves health outcomes. Rite Aid is defining the modern
pharmacy by meeting customer needs with a wide range of vehicles
that offer convenience, including retail and delivery pharmacy, as
well as services offered through our wholly owned subsidiaries,
Elixir, Bartell Drugs and Health Dialog.  Elixir, Rite Aid's
pharmacy benefits and services company, consists of accredited mail
and specialty pharmacies, prescription discount programs and an
industry leading adjudication platform to offer superior member
experience and cost savings. Health Dialog provides healthcare
coaching and disease management services via live online and phone
health services. Regional chain Bartell Drugs has supported the
health and wellness needs in the Seattle area for more than 130
years. Rite Aid employs more than 6,100 pharmacists and operates
more than 2,100 retail pharmacy locations across 17 states.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Lead Case No. 23-18993) on Oct. 15,
2023. In the petition signed by Jeffrey S. Stein, chief executive
officer and chief restructuring officer, Rite Aid disclosed
$7,650,418,000 in total assets and $8,597,866,000 in total
liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Cole Schotz, P.C.,
as local bankruptcy counsel, Guggenheim Partners as investment
banker, Alvarez & Marsal North America, LLC as financial, tax and
restructuring advisor, and Kroll Restructuring Administration as
claims and noticing agent.


RUBIO'S COASTAL GRILL: Hits Chapter 11 Bankruptcy for 2nd Time
--------------------------------------------------------------
Danielle Dawson of Fox40 reports that Rubio's Coastal Grill files
for bankruptcy for the second time after closing dozens of
California stores.

Rubio's Coastal Grill has filed for Chapter 11 bankruptcy, a mere
days after the Mexican fast casual chain announced the closure of
nearly 50 stores across California citing the "rising cost of doing
business."

In a statement, the Carlsbad-based chain said it is seeking the
bankruptcy protection for reorganization to "facilitate the sale of
the business." The statement added it will continue at "normal
operations" at its remaining 86 stores in the Golden State, Arizona
and Nevada.

"Despite the Company's best efforts to right-size the company, the
continued challenging economic conditions have negatively impacted
its ability to meet the demands of its debt burden," Nicholas
Rubin, chief restructuring officer of Rubio's, said in a
statement.

"The Company believes the best path forward for Rubio's is through
a court-supervised sale process that will position the brand for
long-term success to grow and flourish," he continued.

Rubio's will be entering what is known as a stalking horse purchase
agreement, which is a type of negotiation where the company
determines the lowest bid price, to sell its business, according to
the statement — something it expects to be completed in 75 days.

It will mark the second time Rubio's Coastal Grill has filed for
bankruptcy in the last five years. It first sought Chapter 11
bankruptcy back in 2020, selling off ownership to an investment
group to help pull the chain out of a financial downturn.

According to Wednesday’s statement, Rubio's said it has "a
commitment from its existing lender to provide debtor-in-possession
financing and has more than adequate liquidity to meet all its
operating needs during the sale process" this time around.

Last Friday, the chain announced the abrupt closure of nearly 50
"underperforming" stores across California, including 13 in San
Diego County — where the chain originated back in 1983. According
to the company, 24 stores in the Los Angeles area were also closed
last week, as well as 11 in Northern California.

“Making the decision to close a store is never an easy one,” a
spokesperson for Rubio’s Coastal Grill said at the time, adding
the move came “after a thorough review of its operations and the
current business climate.”

However, the move drew pushback from purported customers and
workers on the chain's social media. At least one user who said
they were a worker on a recent Instagram post, which has now been
cleared of comments, said they were informed of their store's
closure the day it happened.

Known for its fish tacos, Rubio's Coastal Grill was founded in
Mission Bay in 1983. Since then, the chain has expanded to over 100
stores in California, Arizona and Nevada. According to the
spokesperson, 86 stores will remain open after the closures.

                  About Rubio's Coastal Grill

Rubio's Coastal Grill, formerly known as Rubio's Fresh Mexican
Grill -- http://www.rubios.com/-- is a fast casual "Fresh Mex" or
"New Mex" restaurant chain specializing in Mexican food, with an
emphasis on fish tacos. Rubio's began as a walk-up taco stand in
Mission Bay in 1983. Headquartered in Carlsbad, Calif., Rubio's
Restaurants, Inc., and its affiliates are operators and franchisors
of 170 limited service restaurants in California, Arizona, and
Nevada under the Rubio's Coastal Grill concept.  

Rubio's Restaurants, Inc., doing business as Rubio's Coastal Grill
and Rubio's Fresh Mexican Grill, along with its affiliates, sought
Chapter 11 protection (Bankr. D. Del. Case No. 20-12688) on Oct.
26, 2020.

Rubio's Restaurants was estimated to have $50 million to $100
million in assets and $100 million to $500 million in liabilities.

The Hon. Mary F. Walrath is the case judge.

The Debtors tapped ROPES & GRAY LLP as bankruptcy counsel; YOUNG
CONAWAY STARGATT & TAYLOR, LLP, as Delaware counsel; MACKINAC
PARTNERS LLC as restructuring advisor; and GOWER ADVISERS as
investment banker. B. RILEY FINANCIAL, INC., is the real estate
advisor. STRETTO is the claims agent.

                Re-Filing of Chapter 11 Petition

In a statement, the Carlsbad-based chain said it is seeking the
bankruptcy protection for reorganization to "facilitate the sale of
the business." The statement added it will continue at "normal
operations" at its remaining 86 stores in the Golden State, Arizona
and Nevada.

Rubio's Restaurants Inc. sought Chapter 11 bankruptcy protection
for the second time under the U.S. Bankruptcy Code (Bankr. D. Del.
Case No. 24-11165) on June 5, 2024. In the petition signed by
Nicholas D. Rubin, as chief restructuring officer, the Debtor
reports estimated assets between $10 million and $50 million and
estimated liabilities between $50 million and $100 million.

The Debtor is represented by:

     Thomas Joseph Francella, Jr., Esq.
     Whiteford
     2200 Faraday Avenue
     Suite 250
     Carlsbad, CA 92008


RUBIO'S COASTAL: Closes 48 Underperforming California Restaurants
-----------------------------------------------------------------
Jonathan Maze of Restaurant Business reports that Rubio's Coastal
Grill, the fast-casual taco chain that has struggled with weak
sales for years, last week closed 48 underperforming restaurants in
California, more than a third of its total unit count.

The company in a statement blamed the problem on the operating
environment in the state, which in April started requiring
limited-service chain restaurants to pay workers a minimum of $20
per hour.

"Making the decision to close a store is never an easy one,"
Rubio's said in a statement, noting that it made that decision
"after a thorough review of its operations and business climate."

"The closings were brought about by the rising cost of doing
business in California," the statement continued. "While painful,
the store closures are a necessary step in our strategic long-term
plan to position Rubio's for success for years to come."

The news highlights the challenges of the business environment,
both in general and for operators of mid-sized chains in
California. But Rubio's has been underperforming its cohorts for
years.

Sales at Rubio's started declining in 2017. That sales decline
accelerated during the pandemic, prompting the company's 2020
bankruptcy. The company has been closing units since.

Heading into 2024, according to data from Restaurant Business
sister company Technomic, Rubio's had closed more than one-quarter
of its restaurants since 2018. That included a swath of closures in
2020. But the brand closed seven units last year.

The company has also struggled when compared with other fast-casual
Mexican chains, according to Technomic. Rubio’s has averaged a
1.1% decline in system sales the past five years. On average,
fast-casual Mexican chains averaged 10.4% growth over that period.

And another 14 locations have closed since the end of last year
before this latest round of closures, based on company comments and
Technomic data. Rubio's now operates 86 restaurants—it began the
year with 148. That is less than half the restaurants it operated
five years ago.

But this has also been a tough few years in the restaurant space,
an environment that has been hardest on mid-sized chains like
Rubio's.

The pandemic was brutal on such chains, forcing many of them into
debt workouts or bankruptcy filings. The inflation-fueled aftermath
was likewise tough, forcing many of them to raise prices
dramatically to maintain margins and pay off debt and rent. But
that's hard on brands that are already losing sales, as Rubio's had
been struggling with going into the pandemic.

The addition of the $20 wage in California only made matters worse
for such chains. Most of Rubio's locations are in California. The
brand operated 27 restaurants total in Arizona and Nevada entering
2024.

But there are reports that many of the company's locations were
struggling long before the decision to close the restaurants. One
location in El Dorado Hills, California, was months behind on rent
and was about to be evicted before it closed its doors and tried to
clearly the location of equipment, according to reports.

                   About Rubio's Coastal Grill

Rubio's Coastal Grill, formerly known as Rubio's Fresh Mexican
Grill -- http://www.rubios.com/-- is a fast casual "Fresh Mex" or
"New Mex" restaurant chain specializing in Mexican food, with an
emphasis on fish tacos. Rubio's began as a walk-up taco stand in
Mission Bay in 1983. Headquartered in Carlsbad, Calif., Rubio's
Restaurants, Inc., and its affiliates are operators and franchisors
of 170 limited service restaurants in California, Arizona, and
Nevada under the Rubio's Coastal Grill concept.  

Rubio's Restaurants, Inc., doing business as Rubio's Coastal Grill
and Rubio's Fresh Mexican Grill, along with its affiliates, sought
Chapter 11 protection (Bankr. D. Del. Case No. 20-12688) on Oct.
26, 2020.

Rubio's Restaurants was estimated to have $50 million to $100
million in assets and $100 million to $500 million in liabilities.

The Hon. Mary F. Walrath is the case judge.

The Debtors tapped ROPES & GRAY LLP as bankruptcy counsel; YOUNG
CONAWAY STARGATT & TAYLOR, LLP, as Delaware counsel; MACKINAC
PARTNERS LLC as restructuring advisor; and GOWER ADVISERS as
investment banker. B. RILEY FINANCIAL, INC., is the real estate
advisor. STRETTO is the claims agent.


S&W SEED: Has Until Nov. 11 to Regain Nasdaq Compliance
-------------------------------------------------------
As previously disclosed, S&W Seed Company received a letter from
The Nasdaq Stock Market on November 14, 2023 advising the Company
that for 30 consecutive trading days preceding the date of the
Notice, the bid price of the Company's common stock had closed
below the $1.00 per share minimum required for continued listing on
The Nasdaq Capital Market pursuant to Nasdaq Listing Rule
5550(a)(2).

The Company subsequently requested an extension of time to regain
compliance with the Rule and submitted to Nasdaq a plan to regain
compliance. On May 14, 2024, Nasdaq informed the Company that the
request for extension was granted. As a result of the extension,
the Company now has until November 11, 2024 to provide evidence
that it has regained compliance with the Rule.

There can be no assurance that the Company will be able to regain
compliance with the Rule or the other requirements for continued
listing on the Nasdaq Global Market.

                        About S&W Seed Co.

Longmont, Colo.-based S&W Seed Company is a global multi-crop,
middle-market agricultural company that is principally engaged in
breeding, growing, processing and selling agricultural seeds. The
Company operates seed cleaning and processing facilities, which are
located in Texas, New South Wales and South Australia. The
Company's seed products are primarily grown under contract by
farmers. The Company is currently focused on growing sales of their
proprietary and traited products specifically through the expansion
of Double TeamTM for forage and grain sorghum products, improving
margins through pricing and operational efficiencies, and
developing the camelina market via a recently formed partnership.

As of March 31, 2024, the Company has $133.2 million in total
assets, $76.4 million in total liabilities, and total stockholders'
equity of $51.2 million. As of December 31, 2023, the Company had
$143.7 million in total assets, $81.4 million in total liabilities,
$5,518,624 in mezzanine equity, and $56.8 million in total
stockholders' equity.

S&W Seed cautioned in its Form 10-Q Report for the quarterly period
ended December 31, 2023, that its operating and liquidity factors
raise substantial doubt regarding the Company's ability to continue
as a going concern. According to the Company, it is not profitable
and has recorded negative cash flows for the last several years.
For the six months ended December 31, 2023, the Company reported a
net loss of $12.5 million. While the Company did report net cash
provided by operations of $1.4 million for the six months ended
December 31, 2023, it expects this to be negative in fiscal 2024.
The positive cash flow in operations for the six months ended
December 31, 2023, was largely due to changes in operating assets
and liabilities. As of December 31, 2023, the Company had cash on
hand of $1.1 million. The Company had $2.4 million of unused
availability from its working capital facilities as of December 31,
2023.

Additionally, the Company's Amended and Restated Loan and Security
Agreement, or the Amended CIBC Loan Agreement, with CIBC Bank USA,
or CIBC, and its debt facilities with National Australia Bank, or
NAB, under the NAB Finance Agreement, contain various operating and
financial covenants. Adverse geopolitical and macroeconomic events
and other factors affecting the Company's results of operations
have increased the risk of the Company's inability to comply with
these covenants, which could result in acceleration of its
repayment obligations and foreclosure on its pledged assets. The
Amended CIBC Loan Agreement as presently in effect requires the
Company to meet minimum adjusted EBITDA levels on a quarterly basis
and the NAB Finance Agreement includes an undertaking that requires
the Company to maintain a net related entity position of not more
than USD$18.5 million and a minimum interest cover ratio at each
fiscal year-end. As of December 31, 2023, the Company was in
compliance with the CIBC minimum adjusted EBITDA covenant as well
as the NAB net related entity position covenant. While the Company
was in compliance with these covenants, there can be no assurance
the Company will be successful in meeting its covenants or securing
future waivers or amendments from its lenders. Currently, the
Company does not expect to meet certain of these covenants in
fiscal 2024. If the Company is unsuccessful in meeting its
covenants or securing future waivers or amendments from its lenders
and cannot obtain other financing, it may need to reduce the scope
of its operations, repay amounts owed to its lenders or sell
certain assets. Further, if the Company cannot renew or obtain
other financing when its two major debt facilities with CIBC and
NAB expire on August 31, 2024, and March 31, 2025, respectively, it
may need to reduce the scope of its operations, repay amounts owed
to its lenders or sell certain assets.


SAM ASH CORP: Gets Court Okay for Chapter Sale Process
------------------------------------------------------
Vince Sullivan of Law360 reports that bankrupt music store chain
Sam Ash Music Corp. received approval Wednesday, June 5, 2024, from
a New Jersey bankruptcy judge for procedures governing its Chapter
11 asset sale process after negotiating concessions with its
lenders, the official committee of unsecured creditors and the U.
S. Trustee's Office.

                  About Sam Ash Music Corp.

Sam Ash Music Corporation operates a chain of musical instrument
retail stores. The Company offers guitars, basses, band and
orchestra, drums, keyboards, live sound, recording gear, dj and
lighting. Sam Ash Music serves customers throughout the United
States.

Sam Ash Music Corp. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 24-14727) on May 9, 2024.
In the petition filed by Jordan Meyers, as chief restructuring
officer, the Debtor said estimated assets are between $100 million
and $500 million and estimated liabilities are between $100 million
and $500 million.

The Honorable Bankruptcy Judge Stacey L. Meisel oversees the case.

The Debtors tapped Cole Schotz P.C. as counsel; SierraConstellation
Partners LLC as financial advisor; and Capstone Capital Markets,
LLC as investment banker.





SAM ASH: Wins $20MM DIP Loan from Tiger Finance
-----------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Sam Ash Music Corporation and affiliates to use cash collateral and
obtain postpetition financing, on a final basis.

The Debtors are permitted to obtain $20 million in post-petition
financing pursuant to the Senior Secured Super-Priority
Debtor-In-Possession Loan and Security Agreement agented by Tiger
Finance LLC.

All DIP Obligations will be due and payable on the date that is the
earliest to occur of any of the following:

(a) November 10, 2024; or

(b) the occurrence of a DIP Termination Event.

The events that consist of a "DIP Termination Event" include:

     (i) the entry of an order of the Court terminating the right
of the Debtors to use cash collateral;

    (ii) the dismissal of the Chapter 11 Cases, or the conversion
of the Chapter 11 Cases to a case under chapter 7 of the Bankruptcy
Code;

   (iii) the appointment in the Chapter 11 Cases of a trustee or an
examiner with expanded powers;

   (iv) the Final Order will cease, for any reason, to be in full
force and effect, or the Debtors will so assert in any motion filed
with the Bankruptcy Court, or any liens or claims created in favor
of the DIP Lender under the Final Order will cease to be
enforceable and of the same effect and priority purported to be
created hereby, or the Debtors will so assert in any motion filed
with the Bankruptcy Court;

     (v) the filing by any interested party of any Challenge
Proceeding with respect to the extent, validity, enforceability,
priority, perfection and/or non-avoidability of the Prepetition
Debt or the Prepetition Liens upon the Prepetition Collateral;

    (vi) an order of the Court will be entered reversing, staying,
vacating or otherwise modifying th Final Order or any provision
contained herein without the prior written consent of the DIP
Lender;

    (vii) the actual amount of (a) "Cash Receipts"; (b) "Total Cash
Disbursements" (or similar term); and (c) "Professional Fees" (or
similar term) during any week deviates beyond the Permitted
Variance as set forth in the DIP Credit Agreement from the amounts
set forth in the Approved Budget for such week, without, in each
instance, the prior written consent of the DIP Lender; and

   (viii) any material misrepresentation by the Debtors in the
financial reporting or certifications to be provided by the Debtors
to the DIP Lender under the DIP Credit Agreement and/or the Final
Order.

The Debtors are required to comply with these milestones:

(a) By Thursday of each week, the Borrowers must deliver to Lender
a report of the Borrowers' budget-to-actual performance for the
previous week with respect to the applicable Budget. Borrowers must
achieve the following financial performance thresholds with respect
to the Budget, subject to the variances as set forth below:

     (i) Minimum Sales - Borrowers' actual sales, calculated on a
trailing 3-week basis, will not be less than 90% of the amount set
forth in the Budget;

   (ii) Minimum Collections - Borrowers' actual cash collected from
accounts receivable, calculated on a trailing 3-week basis, will
not be less than 90% of the amount set forth in the Budget;

  (iii) Maximum Disbursements - Borrowers' actual disbursements,
calculated on a trailing 3-week basis, will not exceed by more than
10% the disbursements projected in the Budget;

   (iv) Excess Availability - Borrowers' Excess Availability,
tested on a weekly basis, will not be less than 15% of the amount
projected in the Budget;

    (v) Samson Inventory - Receipts of Inventory by Samson, must be
within 10% the payments made by Samson for all Inventory; and

   (vi) Payroll/Self-Funded Medical Insurance - Borrowers'
disbursements with respect to payroll and self-funded medical
insurance, calculated on a trailing 3-week basis, will not be less
than 110% of the amount projected in the Budget.

(b) The foregoing must be reported on Thursday of each week on a
cumulative basis commencing with the first Thursday to occur after
the first full calendar week following the Effective Date, and
thereafter on a weekly and a cumulative basis pursuant to the
Variance Report delivered by the Borrowers to Lender.

(c) Lender and Borrowers agree that line item disbursement amounts
budgeted under the Budget (x) are limited to the dollar amounts
reflected in each line item within the Budget, (y) may not be
applied to satisfy obligations under other line items, and (z) may
be carried over into subsequent weekly periods to account for
timing differences, but such budgeted line item amounts may not be
pre-funded or accelerated without Lender's prior written consent,
which consent may be withheld and/or delayed in Lender's exclusive
discretion (and no such consent must be implied from any other
authorization or acquiescence by Lender); provided further, that
the Lender must consider in good faith weekly variances resulting
from changes in the timing of particular receipts or disbursements
and, in such cases, approval of such variances must not be
unreasonably withheld (solely to the extent the Budget is not
exceeded on a cumulative basis).

(d) Borrowers agree that receipts of Inventory by Borrowers must be
within 10% the payments made by Borrowers for all Inventory;
provided that, the Lender must consider in good faith weekly
variances resulting from changes in the timing of particular
receipts of Inventory or events outside of the Borrowers' control
and, in such cases, approval of such variances must not be
unreasonably withheld; provided further that, Borrowers must
provide to Lender on a weekly basis an Inventory report setting
forth on a per-vendor basis the expected amount of Inventory to be
purchased from each such vendor, together with the expected date of
receipt by Borrowers of each such item of Inventory, with such
report being subject to the prior written consent of Lender and
such consent must not be unreasonably withheld.

Prior to the commencement of the Chapter 11 Cases, the Debtors were
party to the (A) Loan and Security Agreement dated February 21,
2024, between and among the Debtors, and Tiger Finance, LLC, as
Lender, and (B) all other agreements, documents, notes,
certificates, and instruments executed and/or delivered with, to,
or in favor of the Prepetition Lender.

As of the Petition Date, the Debtors were indebted to the
Prepetition Lender in the approximate aggregate principal amount of
$18.5 million.

To secure the Prepetition Debt, the Debtors granted continuing
security interests and Liens to the Prepetition Lender, upon all of
the Debtors' assets and property.

The events that constitute an "Event of Default" include:

(a) Borrowers fail to pay when due any of the Obligations, or
Borrowers or Obligors fail to perform any of the terms, covenants,
conditions or provisions contained in the Agreement or any of the
other Financing Agreements;

(b) any representation, warranty or statement of fact made by
Borrowers or Obligors to Lender in this Agreement, the other
Financing Agreements or any other agreement, schedule, confirmatory
assignment or otherwise will when made or deemed made be false or
misleading in any material respect; and

(c) any Obligor revokes, terminates or fails to perform any of the
material terms, covenants, conditions or provisions of any
guarantee, endorsement or other agreement of such party in favor of
Lender.

A copy of the order is available at https://urlcurt.com/u?l=9I3mYw
from PacerMonitor.com.

                       About Sam Ash

Sam Ash and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. N.J., Case No. 24-14727) on May
8, 2024, with $100 million to $500 million in assets and $100
million to $500 million liabilities. Jordan Meyers as chief
financial officer signed the petition.

Hon. Stacey L. Meisel presides over the cases.

The Debtors tapped Cole Schotz P.C. as counsel; SierraConstellation
Partners LLC as financial advisor; and Capstone Capital Markets,
LLC as investment banker.


SANUWAVE HEALTH: SEPA Merger Outside Date Extended to June 30
-------------------------------------------------------------
Sanuwave Health, Inc., on June 4, 2024, issued a press release to
provide a corporate update on the progress of its proposed merger
with SEP Acquisition Corp. ("SEPA") and other corporate financing
activities.

"The purpose of the merger with SEPA was to simplify and strengthen
Sanuwave's financial position and structure to allow the Company to
be valued for its business as opposed to its capital structure,"
said Morgan Frank, CEO.  "Part of that process is uplisting to a
national securities exchange.  Based on discussions with Nasdaq,
SEPA and Sanuwave determined that the combined company was, owing
to an interpretation of the exchange rules that would require
Sanuwave's trailing stock price to have a $4 minimum bid for 90
trading days prior to listing without the benefit of the exchange
ratio contemplated in the transaction, unlikely to be able to meet
Nasdaq listing requirements.  The application was withdrawn in
order to submit an application to the Cboe (Chicago Board of
Exchange) BZX Exchange.  This application is currently under
review.  The Company expected to secure Cboe listing, close the
transaction, and commence trading in May, but the application
process has taken longer than anticipated.  The Company expects to
have more clarity on the path forward in mid-June."

Sanuwave and SEPA have agreed to extend the outside date of the
merger until June 30, 2024 and will seek to close the merger in
that timeframe if and when a national securities exchange listing
is secured.

Sanuwave has also been granted a unilateral right to terminate the
merger agreement with SEPA at any time in its sole discretion.

The Company expects to begin work on a number of activities that
had been included as part of the SEPA transaction, such as the
consummation of the note and warrant exchange, a reverse stock
split, and other corporate financing activities useful to the
Company's prospects and its ability to list on a national
securities exchange.

Meanwhile, on June 3, 2024, the Company paid $2.075 million to
settle and extinguish a $6.3 million note and interest owed to
Celularity that remained outstanding from the UltraMist acquisition
in 2020.  A capital raise that included many of the Company's
longtime shareholders was used to fund this payment.

The Company also reaffirms its previously announced financial
guidance for the second quarter and full year 2024.  The Company
forecasts Q2 2024 revenue to rise 45-55% versus Q2 2023 and for
gross margin as a percentage of revenue to remain in the mid 70s.
Revenues for the full fiscal year 2024 are projected to exceed $30
million (50% growth versus FY 2023).

The Company believes that it is currently sufficiently funded for
the remainder of 2024 and that its operations can be self-funding
across this period.

                      About SANUWAVE Health

Headquartered in Suwanee, Georgia, SANUWAVE Health, Inc.
(OTCQB:SNWV) -- http://www.SANUWAVE.com-- is an ultrasound and
shock wave technology company using patented systems of
noninvasive, high-energy, acoustic shock waves or low intensity and
non-contact ultrasound for regenerative medicine and other
applications.  The Company's focus is regenerative
medicineutilizing noninvasive, acoustic shock waves or ultrasound
to produce a biological response resulting in the body healing
itself through the repair and regeneration of tissue,
musculoskeletal, and vascular structures.  The Company's two
primary systems are UltraMIST and PACE.  UltraMIST and PACE are the
only two Food and Drug Administration (FDA) approved directed
energy systems for wound healing.

New York, NY-based Marcum LLP, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated March
21, 2024, citing that the Company has incurred recurring losses and
needs to raise additional funds to meet its obligations, sustain
its operations, and to resolve the events of default on the
Company's debt.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


SCILEX HOLDING: Secures Commitment for $100M Loan From FSF 33433
----------------------------------------------------------------
Scilex Holding Company disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on June 11, 2024, the
Company entered into that certain Commitment Side Letter with FSF
33433 LLC, as lender, pursuant to which the Lender committed to
provide the Company a loan in the aggregate principal amount of
$100 million, subject to the terms and conditions contained in the
Commitment Letter and to the terms to be agreed in the definitive
documents to be entered into by the Company and the Lender.

The Commitment Amount will be payable as follows: (i) $85 million
no later than the date that is 70 days following the date on which
the Company receives the Deposit (the "Outside Date") and (ii) the
remaining $15 million within 60 days following the Initial
Closing.

Pursuant to the Commitment Letter, the Lender is required to
provide the Company a non-refundable deposit in immediately
available funds in the aggregate principal amount of $10 million,
which amount will be creditable towards the $85 million required to
be funded by the Lender at the Initial Closing.  On the Deposit
Date, the Company will issue to the Lender a warrant to purchase up
to an aggregate of 3,250,000 shares of the Company's common stock,
par value $0.0001 per share (subject to adjustment for any stock
dividend, stock split, reverse stock split or similar transaction),
with an exercise price of $1.20 per share.  The Deposit Warrant
will expire five years from the date of issuance.  If the Initial
Closing does not occur on or prior to the Outside Date, the Deposit
will automatically convert into an unsecured loan on the first day
after the Outside Date.  Within five days after such automatic
conversion occurs, the Company shall issue a promissory note to the
Lender to evidence such unsecured loan, which Note shall be
unsecured, have a maturity date of five years after the date of the
Unsecured Promissory Note and be prepayable without premium or
penalty.  The Unsecured Promissory Note will bear interest, payable
quarterly in arrears, in an amount equal to the Unsecured
Applicable Interest Amount (as defined in the Commitment Letter)
for such period based on the actual number of days elapsed while
principal is outstanding.
It is contemplated by the Commitment Letter that the Company and
Lender will enter into definitive documents with respect to the
Loan on terms to be mutually agreed in good faith.  If such
definitive documents are entered into on or before the Outside
Date, the Company agreed to issue to Lender (i) at the Initial
Closing, a warrant to purchase up to an aggregate of 24,375,000
shares (subject to adjustment for any stock dividend, stock split,
reverse stock split or similar transaction) of Common Stock, and
(ii) at the Second Closing, a warrant to purchase up to an
aggregate of 4,875,000 shares (subject to adjustment for any stock
dividend, stock split, reverse stock split or similar transaction)
of Common Stock, each to have an exercise price equal to the
Warrant Exercise Price.  The Initial Closing Warrant and the Second
Closing Warrant will expire five years from the date of issuance.
To evidence the Loan, the Company agreed to issue to the Lender a
Senior Secured Promissory Note, which shall have a maturity date of
five years after the date of issuance.  The Secured Promissory Note
will bear interest, payable quarterly in arrears, in an amount
equal to the Secured Applicable Interest Amount (as defined in the
Commitment Letter) for such period, based on the actual number of
days elapsed, while principal is outstanding, subject to certain
conditions.

The Warrants

Once issued, the Deposit Warrant will be immediately exerciseable
and will expire on the fifth anniversary of the date of issuance.
The exercise price of Deposit Warrant will be $1.20 per share,
subject to adjustment as provided therein.  The exercise price and
number of shares of Common Stock issuable upon the exercise of the
Deposit Warrant will be subject to adjustment in the event of any
stock dividend, stock split, recapitalization or similar
transaction, as described in the Deposit Warrant; provided that
there shall not be any adjustment to the exercise price of the
Warrant in the event the Company combines (by combination, reverse
stock split or otherwise) its Common Stock into a smaller number of
shares.  Pursuant to the terms of the Deposit Warrant, the Company
will agree to prepare and file one or more registration statements
on Form S-3 with the Securities and Exchange Commission for the
purpose of registering for resale any shares of Common Stock
issuable upon exercise of the Deposit Warrant.  Unless otherwise
agreed by the parties, the Company is required to file a
registration statement with the SEC within 30 days of the date on
which the Deposit Warrant was issued to Lender to register the
resale of the Common Stock issuable upon exercise of the Deposit
Warrant.

The Company anticipates that the terms and conditions of the
Initial Closing Warrant and the Second Closing Warrant will be
substantially similar to those of the Deposit Warrant.

                        About Scilex Holding

Headquartered in Palo Alto, CA, Scilex Holding Company is an
innovative revenue-generating company focused on acquiring,
developing and commercializing non-opioid pain management products
for the treatment of acute and chronic pain.  Scilex targets
indications with high unmet needs and large market opportunities
with non-opioid therapies for the treatment of patients with acute
and chronic pain and are dedicated to advancing and improving
patient outcomes.  Scilex's commercial products include: (i) ZTlido
(lidocaine topical system) 1.8%, a prescription lidocaine topical
product approved by the U.S. Food and Drug Administration for the
relief of neuropathic pain associated with postherpetic neuralgia,
which is a form of post-shingles nerve pain; (ii) ELYXYB, a
potential first-line treatment and the only FDA-approved,
ready-to-use oral solution for the acute treatment of migraine,
with or without aura, in adults; and (iii) Gloperba, the first and
only liquid oral version of the anti-gout medicine colchicine
indicated for the prophylaxis of painful gout flares in adults,
expected to launch in the first half of 2024.

San Diego, California-based Ernst & Young LLP, the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated March 11, 2024, citing that the Company has negative
working capital, has suffered losses from operations, has recurring
negative cash flows from operations, and has stated that
substantial doubt exists about the Company's ability to continue as
a going concern.


SEATON INVESTMENTS: Seeks Cash Collateral Access
------------------------------------------------
Seaton Investments, LLC and affiliates ask the U.S. Bankruptcy
Court for the Central District of California, Los Angeles Division,
for authority to use cash collateral.

Seaton and Colyton Investments, LLC, SLA Investments, LLC, Negev
Investments, LLC, S. Palm, and Roxbury are operated as commercial
properties.

Seaton and Colyton, SLA, and Negev lease to commercial tenants. S.
Palm and Roxbury operate multi-tenant apartment buildings.
Canfield, Bagley, Greenfield lease to single-family tenants. In all
Cases, the Debtors operate businesses that rely upon the ongoing
revenue generated from tenants to maintain the value of the real
property and that will provide cash flow to fund plan payments for
all creditors including general unsecured creditors.

The Individual Debtors, a family business, are involved in real
estate investments, including debtors Seaton, Broadway Avenue
Investments, LLC, and SLA Investments, LLC. After David Halevy's
death in 2023, his interests were passed to his wife, Susan, via
the Halevy Trust. Two real estate investments, the Seaton/Colyton
Buildings and the Broadway Building, require restructuring to
address defaults on senior loans. The Individual Debtors jointly
and severally guaranteed debt to KDM California LLC and Archway
Capital. Archway has commenced an action against the Individual
Debtors, seeking prejudgment writs of attachment against Daniel
Halevy and Alan Gomperts. Archway has also initiated foreclosure
proceedings against the properties to recover on their guarantees
and collateral. KDM has also initiated an action against Seaton and
Colyton for appointment of a receiver.

Seaton and Colyton Investments, LLC are two adjacent buildings in
Los Angeles, owned by the Halevy Trust and Daniel Halevy. In 2018,
Seaton decided to upgrade the Seaton Building to compete for
top-of-the-market tenants in the downtown arts district. They took
out construction and bridge loans to finance the modernization,
which required careful coordination with the City of Los Angeles.
The investment attracted a letter-of-intent from WeWork to lease an
entire structure, but financial difficulties in 2019 led to the
revocation of the WeWork LOI. Seaton invested over $20 million in
the Seaton Building upgrades. In April 2021, Seaton refinanced its
outstanding loans with KDM, entering into a $35.1 million loan to
complete the remodel. The KDM First Loan was a joint obligation of
both Seaton and Colyton, reflecting their operation as a single
economic unit. In January 2022, Seaton and Colyton closed on a
supplementary $2 million loan from KDM to complete work required
for a certificate of occupancy by the City of Los Angeles. As of
the Petition Date, the outstanding debt owed to KDM totals $36.3
million on account of the KDM First Loan and $2.1 million on
account of the KDM Second Loan.

Broadway, formed in 2013, acquired the Broadway Building in 2013
and underwent a 15-year lease with The GAP in 2015 to modernize the
building. The renovations included a fire and life safety system,
elevator modernization, HVAC system, fire pump and sprinkler
system, emergency backup generator, and replacement of electric and
plumbing systems. However, the GAP exercised a onetime early
termination provision on its lease due to COVID uncertainty.
Broadway refinanced its outstanding loans with a single loan from
Archway in July 2021, guaranteed by David Halevy, Daniel Halevy,
and Alan Gomperts. The Broadway Loan matured on August 1, 2022, and
a restructure was agreed upon, extending the maturity date to
December 1, 2023, and calling for $4 million in new loans from
Archway to benefit the Broadway Loan and the Broadway Building. The
proceeds from the New Loans were distributed exclusively for the
benefit of Archway and the Broadway Loan, with $1.7 million applied
to pay down the balance of the Broadway Loan. As of the Petition
Date, the outstanding debt owed to Archway is $15.6 million on the
Broadway Loan, $1.3 million on the Negev Loan, $128,958 on the SLA
Loan, and $2.6 million on the Guarantor Loan.

Negev Investments, LLC owns a 26-room motel in Desert Hot Springs,
CA, operated by Seapiper Inn, Inc. since 2014. The Halevy Trust
owns Negev, which became a borrower of Archway in 2023, with an
outstanding balance of $1.3 million.

SLA, established in 2009, acquires, develops, and operates
commercial real property at 1040 South Los Angeles Street. Its
members include Halevy Trust, G&H Trust, Daniel Halevy, and Simon
Harkham. SLA became a borrower of Archway by the Broadway
Restructure in 2023. As of the Petition Date, it owes $128,958.

The Debtors assert that the secured creditors' collateral increases
on a dollar-for-dollar basis as the Debtors collect rent
post-petition.

Therefore, the adequate protection required for the use of cash
collateral is equal to the cash collateral proposed to be used.

For certain of the Debtors' properties, the equity cushion far
exceeds the amount of the secured claims. Specifically, significant
equity cushions provide adequate protection for the secured claims
of Harvest, Wells Fargo, First Foundation, and Chase Bank. The
Harvest loan on SLA is approximately $1.8 million on value of $3.5
million (equity cushion of approximately 94% equity cushion). The
Wells Fargo loan on Greenfield is approximately $182,000 on value
of $1.3 million (equity cushion of over 600%). The Wells Fargo loan
on Bagley is approximately $728,000 on value of $2.5 million
(equity cushion of over 200%). The Wells Fargo loan on Canfield is
approximately $364,000 on value of $2 million (equity cushion of
over 400%). The First Foundation loan on S. Palm is approximately
$1.515 million on value of $2.5 million (equity cushion of 65%).

The Chase Bank loan on Roxbury is approximately $2.090 million and
is secured by the entirety of the property – not just Ms.
Halevy’s 50% interest –which has value of $4.3 million (equity
cushion of 100%). Even if these cases should continue for a year,
each of these properties has more than enough equity cushion to
adequately protect the Debtors' hypothetical use of all the cash
collateral collected post-petition over this period, and then
some.

With respect to the security interest asserted by Archway (SLA,
Negev, Greenfield, and S. Palm) and KDM (Seaton and Colyton), those
interests are adequately protected by limiting the use of cash
collateral to the budgets and cash flows.

Archway's and KDM's interests will be further protected through a
replacement lien in the postpetition accounts receivable to the
same extent and with the same validity of their pre-petition liens.


A copy of the motion is available at https://urlcurt.com/u?l=pDJC15
from PacerMonitor.com.

          About Seaton Investments, LLC

Seaton Investments, LLC is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Seaton Investments, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal Case No.
24-12079) on March 19, 2024, listing $10 million to $50 million in
both assets and liabilities. The petition was signed by Alan D.
Gomperts as managing member.

Judge Vincent P. Zurzolo presides over the case.

Derrick Talerico, Esq. at WEINTRAUB ZOLKIN TALERICO & SELTH LLP
represents the Debtor as counsel.


SINTX TECHNOLOGIES: Regains Compliance With Nasdaq Bid Price Rule
-----------------------------------------------------------------
SINTX Technologies, Inc. announced that on June 11, 2024, the
Company received formal notice from The Nasdaq Stock Market LLC
that the Company has evidenced compliance with the $1.00 minimum
bid price requirement for continued listing on The Nasdaq Capital
Market under Nasdaq Listing Rule 5550(a)(2).  Accordingly, the
previously announced listing matter has been closed.

The Company remains subject to a "Mandatory Panel Monitor," as that
term is defined in Listing Rule 5815(d)(4)(B), for a period of one
year from June 11, 2024.  If, within the one-year period, the
Company fails to satisfy the minimum $1.00 closing bid price
threshold for 30 consecutive business days, Nasdaq will issue a
delist determination rather than provide the Company with a grace
period to regain compliance with the Bid Price Rule.  In that
event, the Company would have the opportunity to request a new
hearing to address the deficiency.

                     About SINTX Technologies

Headquartered in Salt Lake City, Utah, SINTX Technologies, Inc. --
https://ir.sintx.com/ -- is an advanced ceramics company that
develops and commercializes materials, components, and technologies
for biomedical, technical, and antipathogenic applications.  The
core strength of SINTX Technologies is the manufacturing, research,
and development of advanced ceramics for external partners.

Lehi, Utah-based Tanner LLC, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated March
27, 2024, citing that the Company has recurring losses from
operations and negative operating cash flows and needs to obtain
additional financing to finance its operations.  These issues raise
substantial doubt about its ability to continue as a going concern.


SINTX TECHNOLOGIES: Stockholders OK Reverse Stock Split Amendment
-----------------------------------------------------------------
SINTX Technologies, Inc. held its Special Meeting of Stockholders
on May 14, 2024, during which the Stockholders approved the
amendment to the Company's Amended and Restated Certificate of
Incorporation to effect, at the discretion of the board of
directors of the Company, a reverse stock split of all of the
Company's issued and outstanding shares of common stock at a ratio
of not less than 1-for-100 and not greater than 1-for-300, such
ratio to be determined by the Board at any time within 12 months,
without further approval or authorization of the Company's
stockholders.

                       About SINTX Technologies

Headquartered in Salt Lake City, Utah, SINTX Technologies, Inc. --
https://ir.sintx.com/ -- is an advanced ceramics company that
develops and commercializes materials, components, and technologies
for biomedical, technical, and antipathogenic applications.  The
core strength of SINTX Technologies is the manufacturing, research,
and development of advanced ceramics for external partners.

As of Dec. 31, 2023, the Company had $15.36 million in total
assets, $6.59 million in total liabilities, and $8.77 million in
total stockholders' equity.

Lehi, Utah-based Tanner LLC, the Company's auditor since 2017,
issued a "going concern" qualification in its report dated March
27, 2024, citing that the Company has recurring losses from
operations and negative operating cash flows and needs to obtain
additional financing to finance its operations.  These issues raise
substantial doubt about its ability to continue as a going concern.


SOLUNA HOLDINGS: Provides Recent Corporate and Project Site Updates
-------------------------------------------------------------------
Soluna Holdings, Inc. announced June 5, 2024, its May project
site-level operations, developments, and updates.

Corporate Highlights:

  * Q1 2024 Results – The Company released its strong first
quarter
    2024 results.  It included record Quarterly Adjusted EBITDA
    growth and a healthy increase in cash.

  * 2024 Annual Stockholders' Meeting - The Company held its annual

    meeting of stockholders.  All matters put to a shareholder vote

    were approved including the election of directors and the 4th
    Convertible Note Amendment and related warrant repricing.

  * CEO's Letter to Shareholders – CEO John Belizaire shared the

    Company's 2024 strategy and roadmap for profitability.

  * 2024 Earnings Power Presentation - The Company published its
    updated annual Earnings Power Presentation that includes
Project
    Dorothy 2.

  * Project Kati PPA - Secured 166 MW PPA with EDF Renewables and
    Masdar for Project Kati in Texas.  Unlocks significant Hosting
    potential.

  * Financing Secured for Project Dorothy 2 - Spring Lane Capital
    has agreed to lead the financing round for Project Dorothy 2
    with a commitment of up to $30 million. Learn more here.

  * Strategic Collaboration for AI Business - The Company launched
    Soluna Cloud, its new subsidiary focused on sustainable,
    scalable AI Cloud and hosting services in collaboration with a

    Leading High-Performance Computing Company

  * Quick Takes Video Series - CEO John Belizaire discusses
    "Convergence and the Power of AI", and Soluna's under-rated
    resilience.

  * AMA - The Company published responses to investor questions in
    its monthly AMA for April.

Key Project Updates:

Project Dorothy 1A (25 MW, Hosting) / Project Dorothy 1B (25 MW,
Prop-Mining):

   * Preparations for the onset of the Four Coincident Peak Program

     (4CP) to begin in June through September are underway.  With
     its participation in the program, its MaestroOS software will
     dynamically maintain site operations compliance with ERCOT
     demand thresholds through the summer months to support local
     community needs.

   * Actual power consumption and uptime % continued to remain
     steady for the month of May and in line with month-over-month
     performance.

Project Dorothy 2 (50 MW):

   * Project schedule in the process of being finalized with the
     substation interconnection targeted for late fall preceding
     energization of the initial 16 of 48 MW aimed for by the end
of
     2024.

   * Power partner's approval process is nearing completion.

   * Spring Lane's definitive documentation is underway.

Project Sophie (25 MW, Bitcoin Hosting with Profit Share, AI
Hosting):

  * The team responded exceptionally well, mitigating the impacts
of
    recent tornadoes in the Kentucky region.  Despite widespread
    outages, their efforts resulted in minimal downtime at the
site.

  * Infrastructure optimization efforts are ongoing to prepare for

    the summer heat.

  * Infrastructure upgrades are underway to support the growth of
AI
    Hosted Clients.

Project Kati (166 MW):

  * PPA agreements signed with EDF Renewables and Masdar.

  * Retail Electrical Provider agreements executed with Tenaska.

  * ERCOT planning continues to progress with final edits made on
    one key study.

  * Negotiations continue with landowners for the site land
leases.

                       About Soluna Holdings

Headquartered in Albany, New York, Soluna designs, develops, and
operates digital infrastructure that transforms surplus renewable
energy into global computing resources.  The Company's modular data
centers can co-locate with wind, solar, or hydroelectric power
plants and support compute intensive applications including Bitcoin
Mining, Generative AI, and Scientific Computing.  This pioneering
approach to data centers helps energize a greener grid while
delivering cost-effective and sustainable computing solutions.

"As shown in the accompanying condensed financial statements, the
Company was in a net loss, has negative working capital, and has
significant outstanding debt as of March 31, 2024.  These factors,
among others indicate that there is substantial doubt about the
Company's ability to continue as a going concern within one year
after issuance of these condensed financial statements as of March
31, 2024, or May 15, 2024," said Soluna in its Quarterly Report for
the period ended March 31, 2024.


SOS HYDRATION: Files Emergency Bid to Use Cash Collateral
---------------------------------------------------------
SOS Hydration Inc. asks the U.S. Bankruptcy Court for the District
of Nevada for authority to use cash collateral and provide adequate
protection.

On June 9, 2020, the Debtor, as borrower, entered into a Loan
Authorization and Agreement for an Economic Injury Disaster Loan
with the U.S. Small Business Administration, as lender, for a loan
in the original principal amount of $150,000. This indebtedness to
the SBA was evidenced by a Note, which required the Debtor to make
monthly payments of $73I per month beginning in June 2021, and
continuing each month thereafter until paid in full (and thus
payable in full in 30 years, by June 2050), and accrues interest at
the rate of 3.75% per annum.

On June 17, 2020, the SBA perfected its security interest in and to
the SBA Collateral by filing a UCC-1 financing statement with the
California Secretary of State.

On October 28, 2021, the Debtor and the SBA entered into an Amended
Loan Authorization and Agreement for a second tranche of an EIDL in
the original principal amount of $500,000. The indebtedness to the
SBA was evidenced by a 1st Modification of Note, which required
monthly payments of $2,494 per month beginning in June 2022, and
continuing each month thereafter until paid in full (and thus paid
in full over 30 years from the date of the original SBA Note, and
thus by June 2050), and accrues interest at the rate of 3.75% per
annum.

As a startup company, the Debtor engaged in fundraising to
establish its operations, market and grow its brand, and with the
intent of trying to go public, however on March 11, 2024, SEC staff
entered an Order Declaring Registration Statement Abandoned.

Prior to trying to go public, the Debtor entered into a series of
financing transactions to provide working capital and sustain
operations.

On June 23, 2021, a group of 11 lenders arranged by Eaglevision
Ventures. Inc., which is associated with Eagle Vision Fund, LP and
John Dalfonsi entered into a series of Subscription Agreements,
Senior Secured Promissory Notes, and Security Agreements with the
Debtor, which raised funds in the original principal amount of
approximately $l.l million.

On December 12, 2022, JTM, LLC entered into a Subscription
Agreement, Senior Secured Promissory Note, and Security Agreement
with the Debtor, which raised funds in the original principal
amount of approximately $1.5 million.

On January 9, 2023, a group of 24 individual lenders arranged by
Paulson Investment Company, LLC entered into Subscription
Agreements. Senior Secured Convertible Notes, and Security
Agreements, which in the aggregate raised about $971,300 in
original principal amount.

In June 2023, Bertrand Le Pan De Ligny entered into a Subscription
Agreement, Senior Secured Convertible Note, and Security Agreement,
which raised $I75,000 in original principal amount for the Debtor.


In late December 2023, the Debtor entered into a series of
Convertible Notes with seven lenders, which raised the additional
aggregate sum of approximately $75,000, and which funds were used
to sustain operations pending a potential transaction.

Finally, shortly before the Petition Dale, three parties provided
$30,000 in unsecured funding to provide the retainer needed for the
Debtor's proposed bankruptcy counsel.

During the pendency of its Chapter 11 Case and pending the
confirmation of a plan of reorganization, the Debtor proposes to
make adequate protection payments only to the SBA, as the senior
secured lender in the case, and at the SBA's contractual
non-default rate of $2,494 per month pursuant to the Amended SBA
Loan Agreement.

The Debtor does not propose to make any adequate protection
payments to the Eaglevision Lenders, as the only other properly
perfected secured creditors in the case, because their respective
security interests were perfected later in time, and are also
expressly contractually subordinated by their own documents to the
SBA, and there does not appear to be any value attaching to their
junior liens.

With respect to JTM. the Paulson Lenders, and Bertrand. although
these are secured obligations pursuant to their terms, the security
interests granted to each were not perfected as of the Petition
Dale by the filing of a UCC-1 financing statement, and thus they
are unsecured creditors as well.

A copy of the motion is available at https://urlcurt.com/u?l=BzslKb
from PacerMonitor.com.


                About SOS Hydration Inc.

SOS Hydration Inc.specializes in providing electrolyte-enhanced
products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Nev. Case No. 24-12774) on May 31, 2024.
In the petition signed by James Mayo, chief executive officer, the
Debtor disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Mike K. Nakagawa oversees the case.

Matthew C. Zirzow, Esq., at LARSON & ZIRZOW, LLC, represents the
Debtor as legal counsel.


SOUTHWEST MATTRESS: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------------
Southwestern Mattress Sales, Inc., d/b/a Factory Mattress asks the
U.S. Bankruptcy Court for the Western District of Texas, Austin
Division, for authority to use cash collateral in accordance with
the budget, with a 10% variance, and provide adequate protection.

The Debtor, as borrower, and Frost Bank, as lender, are parties to
promissory notes and related loan documentation pursuant to which
Frost Bank made loans to the Debtor to fund the Debtor's
operations. As of the Petition Date, Frost Bank asserts that it is
owed a total of $819,542.

The essential terms of the proposed use of cash collateral are as
follows:

a. Pay wages to employees, including a reasonable salary for
Stephen Frey, President; Steve Fry, Owner and CEO; and Elisa Frey,
Owner and staff accountant;

b. Pay fixed operating expenses, including lease payments, relating
the real property occupied by the Debtor;

c. Pay trade vendors and utility providers; and

d. Pay certain professional fees and expenses during the course of
the Bankruptcy Cases.

As adequate protection, the Debtor proposes that any creditor
holding an alleged pre-petition lien on the Debtor's cash will be
granted a replacement lien pursuant to 11 U.S.C. section 361(2).
Such Replacement Lien will be in all cash the Debtor acquires or
generates after the Petition Date, but solely to the extent the
cash collateral is used.

A copy of the motion is available at https://urlcurt.com/u?l=u1GizB
from PacerMonitor.com.

            About Southwest Mattress Sales, Inc.

Southwest Mattress Sales, Inc. is a retailer of mattresses based in
Austin, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-10652) on June 7,
2024. In the petition signed by Stephen Frey, president, the Debtor
disclosed up to $10 million in both assets and liabilities.

Jason Binford, Esq., at ROSS, SMITH & BINFORD, PC, represents the
Debtor as legal counsel.


SPHERE 3D: All Proposals Approved at Annual Meeting
---------------------------------------------------
Sphere 3D Corp. held its Annual and Special Meeting of Shareholders
during which the shareholders:

     * approved a resolution to set the size of the board at four
members.
     * approved a resolution to elect Timothy Hanley, Susan
Harnett, Duncan J. McEwan, and Patricia Trompeter as directors for
the ensuing year or until their successors are duly elected or
appointed.
     * approved a resolution to appoint MaloneBailey LLP as
auditors.
     * approved a resolution to approve the Second Amended and
Restated 2015 Performance Incentive Plan which increases the
maximum number of common shares that may be issued under the Plan
by an additional 500,000 shares.
     * approved a resolution, on an advisory basis, of the
compensation of its named executive officers.

                         About Sphere 3D

Sphere 3D Corp. (NASDAQ: ANY) -- Sphere3D.com -- is a
cryptocurrency miner growing its industrial-scale Bitcoin mining
operation through the capital-efficient procurement of
next-generation mining equipment and partnering with best-in-class
data center operators.  Sphere 3D is dedicated to growing
shareholder value while honoring its commitment to strict
environmental, social, and governance standards.

As of December 31, 2023, the Company had $45.7 million in total
assets, $5.3 million in total liabilities, and $26.5 million in
total shareholders' equity.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
March 13, 2024, citing that the Company has suffered recurring
losses from operations and does not expect to have sufficient
working capital to fund its operations that raises substantial
doubt about its ability to continue as a going concern.


SPIRIT AIRLINES: Names McMenamy Interim CFO in Leadership Change
----------------------------------------------------------------
Spirit Airlines Inc. announced that Brian McMenamy, Vice President
and Controller, has been named as Interim Chief Financial Officer,
effective today. McMenamy succeeds Scott Haralson, Executive Vice
President and Chief Financial Officer, who is departing to become
CFO of a larger, publicly traded company outside of the airline
industry. Spirit will initiate a comprehensive search for a CFO
with the assistance of a leading executive search firm.

"We are grateful for Scott's leadership and significant
contributions over his eleven years with Spirit," said Ted
Christie, Spirit's President and Chief Executive Officer. "Scott's
accomplishments are too many to list, but he made a positive and
lasting impression on the business. We wish Scott all the best and
thank him for his service and dedication to Spirit."

Brian McMenamy brings nearly 40 years of experience in corporate
finance. Prior to joining Spirit in 2017, McMenamy held various
roles in finance at American Airlines over the course of his
33-year tenure, including Vice President, Finance; Vice President,
Financial Planning and Analysis; and Vice President and Controller.
He holds a Bachelor of Science in Financial Economics from
Rockhurst College in Kansas City, Missouri, and an MBA from
Northwestern University's J.L. Kellogg Graduate School of
Management. He is also a Certified Public Accountant.

Christie continued, "With extensive financial expertise in the
airline industry and a proven track record of driving business
solutions, I am confident that Brian is ideally suited to take on
the role of Interim CFO. I look forward to working alongside him as
we continue to drive growth and position the Company for a return
to profitability, while our search for the next CFO of Spirit
continues."

Current discussions with bondholders are ongoing and progressing as
planned.

As previously announced, Spirit has retained Perella Weinberg &
Partners L.P. and Davis Polk & Wardwell LLP as advisors. Spirit has
begun to execute on initiatives related to its go forward plan,
with more changes coming soon. In addition, the Company continues
to expect cost saving initiatives to benefit 2024 by over $75
million with annualized run-rate savings estimated at over $100
million.

                       About Spirit Airlines

Spirit Airlines Inc. is a major United States ultra-low cost
airline headquartered in Miramar, Florida, in the Miami
metropolitan area.

As of March 31, 2024, the Company had $9.5 billion in total assets,
$8.5 billion in total liabilities, and $1 billion in total
stockholders' equity.

                           *     *     *

In June 2024, S&P Global Ratings lowered its issuer credit rating
on Spirit Airlines Inc. to 'CCC' from 'CCC+'. S&P also lowered its
ratings on Spirit's enhanced equipment trust certificates (EETCs)
by one notch, in line with the lower issuer credit rating.  The
negative outlook reflects the uncertainty around the company's
ability to address its upcoming 2025 maturities, the sustainability
of its capital structure over the longer term, and S&P's view that
a distressed exchange is likely.

In January 2024, Moody's Investors Service downgraded its ratings
of Spirit Airlines, including the corporate family rating to Caa2
from Caa1 and probability of default rating to Caa2-PD from
Caa1-PD. Moody's also downgraded the backed senior secured rating
assigned to Spirit IP Cayman Ltd.'s 8% senior notes, which are
secured by the company's loyalty program and brand IP, to Caa2 from
B2. The speculative grade liquidity rating remains unchanged at
SGL-3 and the rating outlook remains negative.  The downgrade of
the corporate family rating to Caa2 reflects Moody's belief that
the potential of a default has increased since Judge William Young
ruled in January that the agreed acquisition by JetBlue Airways
Corp. would be anti-competitive and a violation of the Clayton Act.
The downgrades of the CFR as well as of the senior notes secured by
Spirit's loyalty program IP and brand IP reflect the increased
potential of a default and less than a full recovery, whether in a
formal reorganization or if the senior secured notes are refinanced
or retired for less than face value. The Caa2 instrument rating
incorporates a negative one notch override of the LGD model to
reflect the potential for a more than nominal loss on the
instrument in a restructuring or exchange scenario. Following the
ruling on January 16, the market price of the Notes fell to around
50 from the low to mid-70s since mid-November. The notes price has
increased to the low 60s following the announcement that Spirit and
JetBlue would appeal the District Court's ruling.

Moody's continues to expect Spirit's operations to generate an
operating loss in 2024 and again in 2025 on a reported basis.
Moody's forecasts about breakeven operating cash flow in 2024, an
improvement from its forecast for negative $150 million in
2023.Moody's projects cash to fall from the $1.1 billion on hand on
Sep. 30, 2023, towards $700 million by the end of 2024.

The Company's $300 million revolver expires on Sept. 30, 2025.
Alternate sources of liquidity are very limited.

In September 2023, Egan-Jones Ratings Company maintained its 'CCC+'
foreign currency and local currency senior unsecured ratings on
debt issued by Spirit Airlines, Inc.


STAFFING 360: Widens Net Loss to $26.04 Million in 2023
-------------------------------------------------------
Staffing 360 Solutions, Inc., filed with the Securities and
Exchange Commission its Annual Report on Form 10-K reporting a net
loss of $26.04 million on $190.88 million of revenue for the fiscal
year ended Dec. 30, 2023, compared to a net loss of $16.99 million
on $184.88 million of revenue for the fiscal year ended Dec. 31,
2022.

As of Dec. 30, 2023, the Company had $70.73 million in total
assets, $78.54 million in total liabilities, and a total
stockholders' deficit of $7.81 million.

New York, NY-based RBSM LLP, the Company's auditor since 2024,
issued a "going concern" qualification in its report dated June 11,
2024, citing that the Company has incurred substantial operating
losses and will require additional capital to continue as a going
concern.  This raises substantial doubt about the Company's ability
to continue as a going concern.

A full-text copy of the Form 10-K is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1499717/000149315224023534/form10-k.htm

                       About Staffing 360

Headquartered in New York, Staffing 360 Solutions, Inc. is engaged
in the execution of a buy-integrate-build strategy through the
acquisition of domestic and international staffing organizations in
the United States.  The Company believes that the staffing industry
offers opportunities for accretive acquisitions and as part of its
targeted consolidation model, is pursuing acquisition targets in
the finance and accounting, administrative, engineering, IT, and
light industrial staffing space.


STEWARD HEALTH: Nurses Urge Leaders to Keep Hospitals Open
-----------------------------------------------------------
Craig LeMoult of GBH reports that a the deeply troubled Steward
Health Care system faced bankruptcy hearings in a Texas courtroom
on Monday, nurses and first responders gathered outside one of
Steward's nine Massachusetts hospitals to call on state lawmakers
to help keep the hospital doors open.

"We gather here as a unified voice with a common purpose: to
implore Governor Healey to honor the promises she made to the
residents of Massachusetts," ER nurse Audra Sprague said, standing
in front of Nashoba Valley Medical Center in Ayer, where she said
she's worked for almost 17 years.

Sprague quoted comments Gov. Maura Healey made last month, pledging
to protect access to care for communities that rely on the
hospitals owned by Steward Health Care.

"The closure of Nashoba Valley Medical Center and any of Steward's
eight other hospitals would create a void that could not be filled
in this state," Sprague said. "It would force residents to travel
long distances for basic health care and make them to go to other
facilities that are already overwhelmed and have very limited bed
availability. ... This puts lives at risk and will create undue
hardship, especially for our most vulnerable populations."

Steward filed for bankruptcy nearly a month ago and announced plans
to sell all 30 of the hospitals it operates nationally. In a motion
to the bankruptcy court, Steward asked to set a deadline of June
24, 2024 for bids on the system's hospitals. The judge in Houston
will decide if the sales can move forward on that timeline. The
nurses at Monda's protest say they’re worried a sale could result
in the hospital being shuttered.

"Yes, Steward must go, but we as a state and those in charge of
protecting the state have ultimate responsibility to do whatever is
needed to protect this and all communities from the loss of any
essential health care services," Massachusetts Nurses Association
President Katie Murphy said at Monday's protest. "And that means
the governor and her administration, the attorney general and the
two leaders of our legislative body cannot be silent and must be
active, pushing any and all levels of government power at their
disposal to save these hospitals."

In a written statement on Monday, June 3, 2024, a spokesperson for
the state Executive Office of Health and Human Services reiterated
the governor's pledge to protect patients and caregivers.

"The Healey-Driscoll Administration is committed to preserving
access to safe and high-quality care for all individuals and
communities now served by Steward hospitals," the statement said.
"We are working to protect jobs for the dedicated health care
providers and support staff who come to work in the Steward
hospitals every day for the patients they serve, with the goal of
maintaining the stability of the health care ecosystem that has
long defined Massachusetts as a leader in health and medicine."

Supporters of Nashoba Valley Medical Center have launched an online
petition specifically calling on Gov. Maura Healey to take steps to
save the hospital from closing.

"We have heard that the Healey Administration may be willing to let
Nashoba Valley Medical Center close, sacrificing our hospital as
unnecessary," the petition reads. "We're done with politicians
putting on a show; it's time for them to actually help us get the
healthcare we need. While the Governor talks about supporting
biotech, we want her to also support the hospitals that take care
of thousands of people."

The nurses say more than 200,000 Massachusetts residents are served
by nine hospitals currently owned by Steward Health Care. Those
hospitals include St. Elizabeth's in Brighton, Carney Hospital in
Dorchester, Good Samaritan Medical Center in Brockton, Holy Family
Hospital in Methuen and Haverhill Hospital, Morton Hospital in
Taunton, Nashoba Valley Medical Center in Ayer, and St. Anne's
Hospital in Fall River. Steward also owns Norwood Hospital, which
closed nearly four years ago because of damage from severe
flooding. Steward broke ground on a new building in November 2021.

As the hospitals work their way through the process of being sold,
the bankruptcy court appointed health care management consultant
Suzanne Koenig to serve as ombudsman, monitoring patient care at
Steward's facilities in Massachusetts, Ohio, Pennsylvania and
Miami-Dade County in Florida.

                    About Steward Health Care

Steward Health Care System LLC owns and operates the largest
private physician-owned for-profit healthcare network in the U.S.
Headquartered in Dallas, Texas, Steward's operations include 31
hospitals in eight states, approximately 400 facility locations,
4,500 primary and specialty care physicians, 3,600 staffed beds,
and nearly 30,000 employees. Steward Health Care provides care to
more than two million patients annually.

Steward and 166 affiliated debtors filed a chapter 11 petitions
(Bankr. S.D. Texas Lead Case No. 24-90213) on May 6, 2024, in the
U.S. Bankruptcy Court for the Southern District of Texas, and the
Honorable Christopher M. Lopez oversees the proceeding.

Weil, Gotshal & Manges LLP is serving as the Company's legal
counsel. AlixPartners, LLP is providing financial advisory services
to the Company, and John Castellano of AlixPartners is serving as
the Company's Chief Restructuring Officer. Lazard Freres & Co.
LLC,
Leerink Partners LLC, and Cain Brothers, a division of KeyBanc
Capital Markets Inc. are providing investment banking services to
the Company. McDermott Will & Emery is special corporate and
regulatory counsel for the company.  Kroll is the claims agent.









STEWARD HEALTHCARE: Boston Archdiocese Objects to Sale of Hospital
------------------------------------------------------------------
Matthew Medsger of Boston Herald reports that court filings show
Steward Healthcare will push to move forward with the auction of
its hospital businesses, including the eight locations in
Massachusetts, amid objections voiced in other filings on behalf of
the U.S. Department of Justice and the Roman Catholic Archbishop of
Boston.

The U.S. Bankruptcy Court in the Southern District of Texas will be
asked to approve a sale plan offered by Steward that will see them
auction most of their hospital properties, including those in the
Bay State, on June 27.  The healthcare system's remaining
hospitals, four in Texas and several in Florida, will be auctioned
on August 13, 2024 according to a proposed court order offered by
the company/s lawyers late last week.

Lawyers for the Archbishop of Boston warned in a separate filing
that the plan to sell the hospitals is coming together without
consideration of the original agreement made a decade and a half
ago between the Roman Catholic Archdiocese of Boston and Steward's
owners to buy the former-Catholic hospitals.

That agreement, according to lawyers for the the church, put some
serious conditions on Steward if they choose to sell former Caritas
Christi hospitals for any reason, including that they "make a $25
million dollar contribution to a Massachusetts public charity
designated by RCAB and that is subject to the jurisdiction of the
Massachusetts Attorney General" and return Catholic religious items
found at the hospitals to the Archdiocese.

In asking the court to allow them to sell the hospitals, church
lawyers say the now-bankrupt healthcare company failed to indicate
"whether Steward intends to terminate the Agreement or whether it
intends on complying with the Agreements' sale, merger, and
transfer provisions."

"Similarly, the Motion is silent on whether the Stewardship
Agreement was made available to prospective purchasers and whether
prospective purchasers are aware of the Agreement's restrictions on
the transfer of Restricted Names and Religious Items. Nor does the
motion address whether Steward is seeking to sell the Religious
Items or whether Steward has carved out the Religious Items from
its proposed sale," lawyers for the church wrote.

The U.S. Department of Justice also raised objections to the quick
sale of the hospitals, noting that the government is in the middle
of antitrust considerations centered around Steward's attempt to
sell its physician group to another healthcare conglomerate.

"The United States commenced an antitrust review of the Debtors'
proposed sale of their physician services network, Stewardship
Health, to a UnitedHealth Group Incorporated affiliate ("United")
before the Debtors' bankruptcy filing," Principal Deputy Assistant
Attorney General Brian Boynton told the court, before warning that
"no sale can be consummated prior to conclusion of the United
States' antitrust review."

The court, on Friday, May 31, 2024, received an auction plan
offered by Steward asking that "all objections to the relief
granted herein that have not been withdrawn with prejudice, waived,
or settled, and all reservations of rights included in such
objections, are hereby overruled and denied on the merits with
prejudice."

"The procedures and requirements set forth in the Global Bidding
Procedures, including those associated with submitting a Qualified
Bid, are fair, reasonable and appropriate, and are designed to
maximize recoveries for the benefit of the Debtors' estates,
creditors, and all parties in interest," Steward's bankruptcy
lawyers wrote.

The bankruptcy court will consider Steward's proposed sale timeline
tomorrow, starting at 1 p.m. central time.

Steward Health Care Systems filed for Chapter 11 bankruptcy
proceedings at the start of May, following months of reporting on
their financial difficulties. Massachusetts Gov. Maura Healey, also
earlier this month, activated an "emergency operations plan" aimed
at dealing with whatever fallout may come from Steward's dire
financial circumstances and the potential for disruption to patient
care at any of the company's eight operational Bay State
hospitals.

Steward facilities include Carney Hospital in Dorchester, Good
Samaritan Medical Center in Brockton, Holy Family Hospitals in
Haverhill and Methuen, Morton Hospital in Taunton, Nashoba Valley
Medical Center in Ayer, Saint Anne’s Hospital in Fall River and
St. Elizabeth's Medical Center in Brighton. Their Norwood Hospital
has been closed since 2020 due to flooding, and the company
recently closed New England Sinai Hospital permanently.


                   About Steward Health Care

Steward Health Care System LLC owns and operates the largest
private physician-owned for-profit healthcare network in the U.S.
Headquartered in Dallas, Texas, Steward's operations include 31
hospitals in eight states, approximately 400 facility locations,
4,500 primary and specialty care physicians, 3,600 staffed beds,
and nearly 30,000 employees. Steward Health Care provides care to
more than two million patients annually.

Steward and 166 affiliated debtors filed a Chapter 11 petitions
(Bankr. S.D. Tex. Lead Case No. 24-90213) on May 6, 2024, in the
U.S. Bankruptcy Court for the Southern District of Texas, and the
Honorable Christopher M. Lopez oversees the proceeding.

Weil, Gotshal & Manges LLP is serving as the Company's legal
counsel. AlixPartners, LLP is providing financial advisory services
to the Company, and John Castellano of AlixPartners is serving as
the Company's Chief Restructuring Officer. Lazard Freres & Co. LLC,
Leerink Partners LLC, and Cain Brothers, a division of KeyBanc
Capital Markets Inc. are providing investment banking services to
the Company. McDermott Will & Emery is special corporate and
regulatory counsel for the company. Kroll is the claims agent.


STONEYBROOK FAMILY: Wins Cash Collateral Access
-----------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Orlando Division, authorized Stoneybrook Family Dentistry to use
cash collateral on an interim basis, in accordance with the
budget.

Specifically, the Debtor is authorized to use cash collateral to
pay: (a) amounts expressly authorized by the Court, including
payments to the Subchapter V Trustee and payroll obligations
incurred post-petition in the ordinary course of business; (b) the
current and necessary expenses set forth in the budget, plus an
amount not to exceed 10% for each line item; and (c) additional
amounts as may be expressly approved in writing by Huntington
Bank.

As adequate protection for the use of cash collateral, Huntington
and the inferior interest holders will have a perfected
post-petition lien against cash collateral to the same extent and
with the same validity and priority as the prepetition lien without
the need to file or execute any documents as may otherwise be
required under applicable non-bankruptcy law.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under all applicable loan and
security documents.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=G1BPcC from PacerMonitor.com.

The Debtor projects total expenses, on a weekly basis, as follows:

       $10,539 for the week of June 17, 2024; and
       $17,223 for the week of June 24, 2024.

             About Stoneybrook Family Dentistry, P.A.

Stoneybrook Family Dentistry, P.A. specializes in cosmetic
dentistry, invisalign, dental implants, pediatric dentistry, root
canal therapy, and smile makeovers.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00076) on January 8,
2024. In the petition signed by Wendi K. Wardlaw, president, the
Debtor disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Tiffany P Geyer oversees the case.

Daniel A. Velasquez, Esq., at Latham Luna Eden and Beaudine LLP,
represents the Debtor as legal counsel.


THERMOGENESIS HOLDINGS: Faces Nasdaq Suspension and Delisting
-------------------------------------------------------------
ThermoGenesis Holdings, Inc. reported in a Form 8-K filed with the
Securities and Exchange Commission on June 11, 2024, that on June
6, 2024, the Company received an additional notice from Nasdaq's
Staff notifying the Company that the Staff denied the Company's
request for continued listing on Nasdaq as they determined that the
Company did not provide a definitive plan evidencing its ability to
achieve near term compliance with the continued listing
requirements or sustain the compliance over an extended period of
time.  The Determination Notice stated that trading of the
Company's common stock will be suspended at the opening of business
on
June 17, 2024, and a Form 25-NSE will be filed with the Securities
and Exchange Commission, which will remove the Company's securities
from being listed on Nasdaq.

The Determination Letter informed the Company that it may appeal
the Staff's decision to a Hearings Panel.  The Company may request
either an oral hearing or a hearing based on written submissions
for a fee of $20,000.  If the Company chooses to appeal, the
request must be received by Nasdaq no later than 4:00 p.m. Eastern
Time on June 13, 2024.  The Company is reviewing its options, but
currently does not intend to appeal.  If the Company doesn't
appeal, its common stock is expected to begin trading on the
Over-the-Counter Market after the Nasdaq Delisting Date and
obtaining approval from FINRA.  However, there are no assurances
that trading of the Company's common stock on the OTC will commence
promptly, or at all, or will be maintained.

As previously disclosed, on April 19, 2024, ThermoGenesis received
a notice from The Nasdaq Stock Market that the Company's
stockholders' equity as reported on its Form 10-K for the year
ended Dec. 31, 2023, does not comply with Nasdaq's Listing Rule
5550(b)(1) that requires the Company to maintain a minimum of
$2,500,000 in stockholders' equity for continued listing.
Additionally, as of the date of the report, the Company did not
meet the alternatives of market value of listed securities or net
income from continuing operations under Nasdaq Listing Rules.

                     About ThermoGenesis

ThermoGenesis Holdings, Inc. develops and commercializes a range of
automated technologies for cell-banking, cell-processing, and
cell-based therapeutics.  Since the 1990's, ThermoGenesis Holdings
has been a pioneer in, and a leading provider of, automated systems
that isolate, purify and cryogenically store units of hematopoietic
stem and progenitor cells for the cord blood banking industry.  The
Company was founded in 1986 and is incorporated in the State of
Delaware and headquartered in Rancho Cordova, CA.

New York, NY-based Marcum LLP, the Company's auditor since 2015,
issued a "going concern" qualification in its report dated April
15, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional capital to grow its business, fund operating expenses
and make interest payments.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.



TUPPERWARE BRANDS: Reaches Deal Extend Forbearance Agreement
------------------------------------------------------------
Greg Chang of Bloomberg News reports that Tupperware Brands said it
agreed with lenders to amend a forbearance pact, with changes
including an extension to the forbearance agreement milestone.

Milestone for entry into a definitive agreement with respect to
certain repayment transactions was moved to June 22 from May 22,
2024.

Changes also include allowing the company to retain all net cash
proceeds from tax refunds and up to $3.5 million of net cash
proceeds from the sale of some unused Internet protocol addresses,
among other things.

                     About Tupperware Brands

Tupperware Brands Corporation (NYSE: TUP) --
https://www.tupperwarebrands.com/ -- is a global consumer products
company that designs innovative, functional and environmentally
responsible products. Founded in 1946, Tupperware's signature
container created the modern food storage category that
revolutionized the way the world stores, serves and prepares food.
Today, this iconic brand has more than 8,500 functional design and
utility patents for solution-oriented kitchen and home products.
With a purpose to nurture a better future, Tupperware products are
an alternative to single-use items. The company distributes its
products into nearly 70 countries, primarily through independent
representatives around the world.

Tampa, Florida-based PricewaterhouseCoopers LLP, the Company's
auditor since 1995, issued a "going concern" qualification in its
report dated Oct. 13, 2023, citing that the Company has experienced
liquidity challenges and is uncertain about its ability to comply
with debt covenants, which resulted in the borrowings under the
Company's credit agreement being classified as current as of Dec.
31, 2022, and that also raises substantial doubt about its ability
to continue as a going concern.










UNDERGROUND CREATIVE: Court OKs Interim Cash Collateral Access
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Washington
authorized Underground Creative, LLC, fdba Underground Creative,
Inc. to use cash collateral, on an interim basis, in accordance
with the budget, through the date that is the earlier of (i) the
conclusion of the Final Hearing, or (ii) entry of a subsequent
court order of the Court terminating the Debtor's authority to use
cash collateral.

First Interstate Bank asserts a claim against Debtor in the
approximate amount of $58,600 and asserts a perfected security
interest in Debtor’s deposits of money, accounts receivable,
office equipment, furnishings, supplies, and inventory, which the
Debtor contends have an approximate combined fair market value of
$81,828. The Debtor does not dispute Bank's claim.

Samson, MCA, LLC asserts an ownership interest in certain of the
Debtor's accounts to support its claim of approximately $78,750.
The Debtor disputes the amount of the claim of Samson. The Debtor
does not believe Samson has a recognizable lien upon pre-petition
accounts.

As adequate protection, the Bank is granted a security interest in
Debtor's accounts, in the same manner, priority, validity, and
enforcibility as the liens presently held on the Petition Date, in
and to (i) all proceeds from the disposition of the Pre-Petition
Collateral, and (ii) all property of the estate of the same kind,
type, and nature of the Pre-Petition Collateral that is acquired
after the Petition Date from the proceeds of the PostPre-Petition
Collateral. The Replacement Liens will be an in addition to the
pre-petition liens. The Replacement Liens granted to the Bank will
have the same respective priority positions as existed in
Pre-Petition Collateral prior to the Petition Date and will be are
valid and enforceable as of the Petition Date, in the same manner,
priority, validity, and enforceability as the liens Bank held on
the Petition Date.

The Post-Petition Collateral and Replacement Liens will be
subordinate to a carve out for the payment of allowed professional
fees and disbursements by the professionals retained pursuant to11
U.S.C. sections 327 or 1103(a) by the Debtor and any statutory
committees appointed in the proceeding of $5,000.00 per month, plus
retainers paid to Retained Professionals.

A final hearing on the matter is set for July 2, 2024 at 9:30 a.m.

A copy of the order is available at https://urlcurt.com/u?l=vz7yrD
from PacerMonitor.com.

                About Underground Creative, LLC

Underground Creative, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 24-00850-WLH11) on
May 28, 2024. In the petition signed by Michael Page and Herrod
Lindblom, co-owners, the Debtor disclosed up to $500,000 in assets
and up to $1 million in liabilities.

Judge Whitman L. Holt oversees the case.

Dan O'Rourke, Esq., at Southwell & O'Rourke, P.S., represents the
Debtor as legal counsel.


VALCOUR PACKAGING: In Talks With Creditors on Debt Swap
-------------------------------------------------------
Reshmi Basu of Bloomberg News reports that Valcour Packaging is
holding discussions with some creditors that would trim its debt
load and provide the packaging components maker with fresh money,
according to people with knowledge of the situation.  A deal would
change the order of debt repayments and include an exchange at
discounted prices, said the people, who asked not to be identified
discussing a private matter.  A swap would be open to all
creditors, but lenders who negotiated the deal would receive better
terms.

                   About Valcour Packaging LLC

Headquartered in Plattsburgh, NY, Valcour Packaging LLC, d/b/a "MRP
Solutions", is a manufacturer of specialty caps, closures, and
jars. The product portfolio includes child-resistant closures,
continuous thread caps, dispensing closures, jars, and liner
options. The company has been a portfolio company of Clearlake
since September 2021.






VIVAKOR INC: Board Appoints Michael Thompson as Director
--------------------------------------------------------
Vivakor, Inc. reported in a Form 8-K filed with the Securities and
Exchange Commission that on June 3, 2024, the Board of Directors of
the Company appointed Mr. Michael Thompson as a member of the
Board, effective immediately.  Mr. Thompson has been determined by
the Board to be an independent director consistent with Rule
5605(a)(2) of the NASDAQ listing standards.  In addition to serving
as an independent director, Mr. Thompson will serve as chair of the
Audit Committee of the Board.

Michael Thompson, age 55, combines over 25 years of experience in
company directorship.  Previously, he had been involved in four
companies and two nonprofit organizations, holding positions
including President, Representative Director, and board member.
Mr. Thompson presently serves as the Global Head of Multi-Vendor
Solutions at HP.  From 2016 to 2021, Mr. Thompson has served on the
Board of Directors as the Chair of the Audit Committee and
Conflicts Committee of Rhino Resources, LTD, a company concentrated
on coal and energy-related assets and activities.  From 2014 to
2016, Mr. Thompson was a Director and Chair of the Strategic
Planning Committee of Idaho Aquarium, a nonprofit aquarium.  From
2010 to 2012, Mr. Thompson was a member of the board of Asister, a
nonprofit organization focused on designing and distributing
appliances in Latin America.  From 2005 to 2009, Mr. Thompson
served on the Board of Directors for Environmental Energy Services,
Inc. and Blaze Energy, Inc., energy services and asset accumulation
companies.  From 1996 to 1999, he served as President and
Representative Director of Micron Electronics Japan, K.K. and
Micron Electronics China.  Mr. Thompson has a bachelor's degree in
Business and Japanese from Brigham Young University and a master's
degree in Organizational Leadership from Gonzaga University.  Mr.
Thompson is a member of the National Association of Corporate
Directors and brings to our Board over 25 years of experience in
corporate governance, compliance and turnaround.

Mr. Thompson does not have a family relationship with any of the
current officers or directors of the Company.

On June 3, 2024, the Company entered into a Director Agreement with
Mr. Thompson.  Pursuant to the Thompson Director Agreement,
effective June 3, 2024, Mr. Thompson shall serve as a member of the
Board and the chair of the Audit Committee and will receive $60,000
annually in addition to $50,000 in shares of restricted stock
annually, vesting quarterly and valued at the stock price on the
date of grant.  Mr. Thompson also received a one-time grant of
50,000 shares of the Company's common stock under the Company's
2023 Equity and Incentive Plan.

Vivakor also disclosed that on June 6, 2024, the Company received a
letter from the Nasdaq Stock Market LLC informing the Company that,
as a result of Mr. Thompson's appointment to the Board and the
Audit Committee, the Company has regained compliance with the
independent director and audit committee requirements set forth in
Nasdaq Listing Rules 5605(b)(1) and 5605(c)(2).

                         About Vivakor Inc.

Coralville, Iowa-based Vivakor, Inc. is a socially responsible
operator, acquirer and developer of technologies and assets in the
oil and gas industry, as well as related environmental solutions.
Currently, the Company's efforts are primarily focused on
operating
crude oil gathering, storage and transportation facilities, as well
as contaminated soil remediation services.

Houston, Texas-based Marcum LLP, the Company's auditor since 2022,
issued a "going concern" qualification in its report dated April
16, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


VYAIRE MEDICAL: S&P Downgrades ICR to 'D' on Chapter 11 Filing
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Vyaire
Medical Inc. to 'D' from 'CCC'. At the same time, S&P lowered its
issue-level rating on the company's first-lien term loan to 'D'
from 'CCC'.

The rating action follows Vyaire's Chapter 11 bankruptcy filing As
part of the filing, Vyaire has entered into a restructuring support
agreement (RSA) with lenders representing more than 90% of the
company's first-lien term loan and 100% of its second-lien term
loan.

The agreement contemplates selling its Respiratory Diagnostics and
Ventilation businesses with proceeds to be distributed pursuant to
the debtor-in-possession (DIP) orders and RSA. During the sale
process, Vyaire will maintain operational continuity and has
obtained commitments for $180 million of DIP financing, consisting
of a $45 million new money super-priority term loan (with $25
million available on an interim basis) and a $135 million
super-priority term loan from the roll-up of certain prepetition
first-lien term loans, which will fund the business through the
bankruptcy process.



WAYSTAR HOLDING: Moody's Assigns 'B1' CFR, Outlook Stable
---------------------------------------------------------
Moody's Ratings assigned a B1 corporate family rating and B1-PD
probability of default rating to publicly-traded Waystar Holding
Corp. ("Waystar"). Moody's upgraded Waystar Technologies, Inc.'s
existing senior secured bank credit facilities to B1 from B3. The
senior secured credit facility consists of a backed first lien
revolving credit facility due 2028 and a backed first lien term
loan due 2029. Moody's also withdrew Waystar Technologies, Inc.'s
B3 CFR and B3-PD PDR. The speculative grade liquidity ("SGL")
rating is SGL-1. The outlook under Waystar Technologies, Inc. is
changed to stable from positive. The outlook for Waystar is also
stable. The company is a Utah-based provider of SaaS-based
healthcare revenue cycle management services.

The assignment of the B1 CFR and B1-PD PDR to Waystar Holding Corp.
is effectively representative of a two-notch upgrade of the
company's CFR, reflecting the company's repayment of $909.1 million
of its first lien term loan use of proceeds from its initial public
offering. The debt reduction improves the company's credit metrics
materially, with debt to EBITDA declining to 4.4x from 7.4x for the
twelve months ended March 31, 2024 and increases Moody's
expectation for free cash flow to debt over the next 12 months to
around 15% over the next 12 months versus 5% to 6%, previously. The
upgrade is also driven by Moody's expectation for high single digit
revenue growth, EBITDA margins sustained around 40% and robust free
cash flow of over $230 million in 2025.

The assigned ratings incorporate environmental, social, and
governance ("ESG") considerations, and are a key consideration in
this rating action. The evolving nature of the company's financial
policies, and concentrated ownership are somewhat mitigated by
Moody's expectation that Waystar will demonstrate a high level of
governance transparency typical of public-traded companies. The
company will retain high ownership concentration from three
institutional investors that will exert control over decision
making. The company has not provided a public financial leverage
target and insiders constitute a majority of board members.

All financial metrics reflect Moody's standard adjustments,
including expensing of capitalized software costs.

RATINGS RATIONALE

Waystar's B1 CFR is constrained by the company's modest revenue
scale, with about $850 million of revenue expected in 2024, Moody's
debt to EBITDA leverage of 4.4x for the twelve months ended March
31, 2024 that Moody's expects will decline toward 4x by the end of
2024. The company has demonstrated modest acquisition activity in
recent years, mainly a small tuck-in acquisition in 2023. Waystar
completed the large debt-financed purchase of Patientco in August
2021. The company operates in a highly competitive, consolidating
environment that includes many players, some considerably larger
and less leveraged than itself.

The credit profile benefits from high EBITDA margins Moody's
anticipates will remain around 40%, a very good liquidity profile,
and strong organic revenue growth that Moody's expects will be in
the high single digits in 2024 and 2025. The company distinguishes
itself by offering a next-generation, SaaS-based suite of products
serving a broad customer base of approximately 30,000 of small to
medium sized physicians' offices, hospitals and post-acute care
facilities. Market share growth and cross-selling opportunities
should allow for healthy revenue gains and continued excellent
profitability. Moody's believes increased healthcare spending,
higher patient volumes with lower margins for healthcare providers,
costs attributed to waste and abuse, and regulatory complexity in
the billing process support demand growth for Waystar's services.

Waystar's liquidity profile is very good, reflected in the SGL-1
liquidity rating. Support comes from Moody's expectation that the
company will generate around $175 million of free cash flow over
the next 12 months, or 12.5% of free cash flow-to-debt. At March
31, 2024, the company had $57 million of cash and an undrawn $342.5
million revolving credit facility that expires in 2028. Most of the
company's debt is hedged against higher interest rates. One hedge
expires in October 2024, and that will drive interest expense
modesty higher. Nonetheless, Moody's anticipates the company will
grow revenue and EBITDA to offset the higher interest expense such
that the net impact on cash flow is mostly unchanged in 2025.

Waystar's B1 senior secured first lien credit facility rating is in
line with the B1 CFR as there is no other meaningful debt in the
capital structure. The senior secured first lien credit facilities
benefit from secured guarantees from all existing and subsequently
acquired domestic subsidiaries.

The stable outlook reflects Moody's expectation that top-line
growth around 8% to 9% and high, stable EBITDA margins around 40%
will allow for solid free cash flow and steady deleveraging toward
4x during the next 12 to 18 months.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Moody's expects Waystar will
expand its revenue size, sustain debt to EBITDA leverage below 4x,
increase EBITDA less capex to interest to above 3x and sustain high
EBITDA margins with very good liquidity. A financial strategy that
includes publicly-stated and conservative financial targets and a
reduction in ownership concentration would also be needed for an
upgrade.

A ratings downgrade could result if revenue and earnings decline,
Moody's expects debt to EBITDA will be sustained above 5.5x, or
EBITDA less capex to interest will fall and remain below 2x. The
adoption of a more aggressive financial policy through excessive
debt funded acquisitions, dividends or share repurchases could also
lead to a ratings downgrade.

Waystar is a provider of SaaS-based revenue cycle management
services, focusing on healthcare claims management and patient
payment solutions for physicians' offices, small hospitals,
post-acute-care facilities, and dental offices and Medicare-related
entities. Affiliates of EQT Partners and the Canadian Pension Plan
Investment Board collectively own approximately 51.5% of Waystar's
common stock, while Bain Capital holds 16.8%. Moody's expects the
company will generate $850 million of revenue in 2024.

The principal methodology used in these ratings was Software
published in June 2022.


WAYSTAR TECHNOLOGIES: S&P Upgrades ICR to 'B+' on Debt Reduction
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on U.S.
cloud-based patient payment solutions provider Waystar Technologies
Inc. to 'B+' from 'B-'. At the same time, S&P raised its
issue-level to 'B+' from 'B-' and its recovery ratings remain the
same.

The stable outlook reflects S&P's expectation that the company will
continue to grow organically and complement its growth with
debt-financed tuck-in acquisitions over its outlook horizon,
maintaining S&P Global Ratings-adjusted leverage below 5x and
generating free operating cash flow (FOCF) above $100 million,
including transaction fees and expenses.

On June 7, 2024, Waystar completed its IPO on the Nasdaq, with an
enterprise value of about $5.67 billion at the time of closing. The
company will use the net cash proceeds from the transaction of $909
million to pay down debt under its outstanding first-lien term loan
($2.2 billion as of March 31, 2024).

The upgrade to 'B+' reflects a significant strengthening of credit
metrics following the $910 million paydown of Waystar's debt. S&P
said, "We expect the transaction to result in S&P Global
Ratings-adjusted debt to EBITDA of about 4.1x, decreasing to the
high-3x area in 2025, from 7.1x in 2023, reflecting both the
significant reduction in gross debt and an expanding EBITDA base.
While we expect leverage will decline, the company does not yet
have a track record of lower leverage and has not publicly
committed to a leverage target below 4x. We expect the company will
produce cash flow of $70 million-$80 million in 2024, before
improving significantly in 2025 to more than $170 million. We
attribute the majority of the change to a lower interest burden
with a lower total debt figure, reduced one-time costs related to
the refinancing and IPO (which we do not expect to carry into
2025), and some benefit from an expected lower interest rate
environment."

S&P said, "The rating also reflects the company's ownership
structure and our view that financial policy could slow the pace of
long-term leverage reduction. In addition to its leverage, we
consider Waystar's continuing controlling ownership by EQT, CPPIB
and Bain in our analysis of the company. The multiple sponsors
jointly exercise control of the company, have significant board
presence, and we do not expect them to divest and relinquish
control in the near future. The company is well positioned to cover
bolt-on acquisitions with the existing revolving credit facility
(RCF) and internal cash flows, and we expect larger transformative
acquisitions will be heavily reviewed to avoid further increase in
leverage, especially to an elevated level (such as above 5x)."
Nevertheless, the company could pursue small debt-funded
acquisitions to expand the product offerings and point solutions.

S&P said, "Waystar is well positioned to benefit from industry
tailwinds, though we expect it to face continuous competitive
pressures. Health care IT solutions continue to be a strategic
priority among U.S. health care providers. This trend has been
spurred by labor challenges and complex payment models making
health care IT investments increasingly critical for providers to
improve clinical performance, collections, operating margins,
customer service, and--ultimately--health care quality.
Furthermore, we are also seeing a shift toward single end-to-end IT
vendors as providers seek to consolidate their existing tech stacks
and focus on vendors that offer a broad suit of IT services. While
we view these market dynamics as generally positive for Waystar, it
competes in a market with companies much larger size that have more
robust product suites. With significantly larger and better
financed players such as Epic Systems, Optum (via its acquisition
of Change Healthcare), and Oracle (via its acquisition of Cerner
Corp.), we believe the capital required for Waystar to compete
could increase over the long run as companies with much greater
resources assemble more complete service offerings."

However, Waystar has remained in its niche, high-margin revenue
cycle management (RCM) software lane, often providing an RCM
platform and claims clearinghouse for electronic health record
(EHR) companies whose core competence is clinical data. It also
provides platforms for end-to-end RCM companies (which is more
labor intensive) that do not have the same technological
capabilities, raising the proportion of revenue stemming from
business-to-business-to-consumer contracts.

S&P said, "Overall, we believe Waystar has a solid market position
from the quality of its products, and benefits from a highly
diversified customer base and customer stickiness as shown by its
net retention rate of 108% and ability to pass through annual price
increases. That said, the industry in which it operates continues
to grow in competition and Waystar's product could become more
commodity-like, especially as more competitors emerge. In our
opinion, this dynamic will require Waystar to continue building its
portfolio of service offerings, allowing the company to better
penetrate its existing customer base and extend its reach within
RCM software. Also, the cyber breach at Change Healthcare (a
competitor of Waystar) could result in more providers emerging as
insurers and health systems look for greater resiliency. We do not
include this in our two- to three-year forecast but see it as an
intermediate-term risk.

"We expect continued solid growth in Waystar's RCM business while
maintaining stable profit margins. As Waystar grows its revenue
base, we expect pricing actions and operating leverage to offset
margin pressure related to inflationary cost headwinds and a higher
proportion of patient payment solutions, which are generally a
lower-margin business relative to provider solutions. Therefore,
excluding one-time items we expect Waystar's S&P Global
Ratings-adjusted EBITDA margin will remain relatively stable near
the 40% range through our forecast horizon.

"The stable outlook reflects our expectation that the company will
continue to grow organically and complement its growth with
debt-financed tuck-in acquisitions over our outlook horizon,
maintaining S&P Global Ratings-adjusted leverage generally between
4x-5x and generating FOCF above $100 million, including transaction
fees and expenses.

"We could lower the rating if the company's leverage increased
above 5x, which is a level that we consider inconsistent with our
current rating. This could occur if the company became more
aggressive in its pursuit of debt-financed acquisitions or if it
fell short of our EBITDA growth expectations.

"We could consider a higher rating if we believed that the company
would sustain leverage below 4x on an S&P Global Ratings-adjusted
basis and that the sponsors planned to relinquish control over the
medium term. We would also need to continue seeing solid pricing
dynamics and contract wins, with health care providers taking
advantage of the value proposition of increased revenue yields and
cost reduction that RCM services can provide. Additionally, we
could consider a higher rating if we believe the company has built
a track record of consistent performance as a public entity, while
continuing to build on its service offering and maintaining a
stable margin profile."



WHITESTONE UPTOWN: Court OKs Cash Collateral Access, DIP Loan
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, authorized Whitestone Uptown Tower, LLC, a/k/a
Pillarstone Capital REIT Operating Partnership to use cash
collateral and obtain postpetition financing, on a final basis.

The Debtor is permitted to obtain post-petition financing in the
principal amount of up to $1.5 million, of which an initial draw of
$1.3 million will be funded by American Bank, N.A. on the Closing
Date and remaining amounts will be funded by the DIP Lender in
accordance with the DIP Credit Agreement.

All DIP Obligations will be due and payable in full in cash unless
otherwise agreed to by the DIP Lender in writing on the earliest of
the following:

     (i) nine months from the Closing Date subject, however, to
extension by the Debtor under the conditions of the DIP Credit
Agreement;

    (ii) the date the Bankruptcy Court orders the conversion of the
Chapter 11 case to a Chapter 7 liquidation or the dismissal of the
Chapter 11 case;

   (iii) the date the Bankruptcy Court orders the appointment of a
Chapter 11 Trustee or examiner as to the Debtor; and

    (iv) the filing of a proposed Chapter 11 Plan not approved by
the DIP Lender.

Principal of, and accrued interest on, the DIP Loan and all other
amounts owing to the DIP Lender under the DIP Documents shall be
payable on the DIP Termination Date.

These events that constitute an "Event of Default" include:

a. the Debtor’s failure to make any payment to the DIP Lender as
and when due;

b. if the Debtor requests authority to obtain any financing not
consented to by the DIP Lender and the proceeds of which are not
used to immediately pay all DIP Obligations in full;

c. the filing by the Debtor (or with the Debtor’s consent) of any
Chapter 11 Plan or related disclosure statement that does not
provide for payment in full of the DIP Obligations, unless agreed
to by the DIP Lender; and

d. the appointment of a Trustee in the Chapter 11 case or the
appointment of a responsible officer or an examiner with expanded
powers to operate, oversee or manage the financial affairs, the
business, or reorganization of the Debtor.

The total amount of the Cash Payment due to the Prepetition Lender
by the Debtor under the 9019 Motion is $1.2 million plus up to
$20,000 of the Prepetition Lender's attorney fees and expenses.

Proceeds of the DIP Loan will be used to satisfy the Cash Payment
and DIP Obligations. To the extent additional capacity remains from
the proceeds of the DIP Loan after satisfying the Cash Payment and
DIP Obligations, the Debtor may not use such funds without further
order of the Court.

All of the DIP Obligations will constitute allowed senior
administrative expense claims of the DIP Lender against the
Debtor’s estate, without the need to file any proof of claim or
request for payment of administrative expenses.

As adequate protection, the DIP Lender is granted a valid, binding,
continuing, enforceable, fully-perfected first priority senior
security interest in and lien upon all prepetition and
post-petition real and personal property of the Debtor. Upon
satisfaction of the indebtedness owed to Prepetition Lender, as
evidenced by the payoff statement delivered by Prepetition Lender
to the Title Company, the DIP Liens will be ahead of any liens
asserted by any other party including, but not limited to,
Whitestone REIT Operating Partnership, L.P.

A copy of the order is available at https://urlcurt.com/u?l=xX4YZc
from PacerMonitor.com.

                About Whitestone Uptown Tower, LLC

Whitestone Uptown Tower, LLC is a Single Asset Real Estate debtor
(as defined in 11 U.S.C. Section 101(51B)).

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 23-32832) on December 1,
2023. In the petition signed by Bradford Johnson, authorized
representative, the Debtor disclosed up to $50 million in both
assets and liabilities.

Judge Michelle V Larson oversees the case.

Joyce Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC,
represents the Debtor as legal counsel.


WISA TECHNOLOGIES: Appoints New Director to Fill Vacancy
--------------------------------------------------------
WiSA Technologies, Inc., announced June 12, 2024, that it has
appointed Kimberly Briskey to the Board of Directors, effective
immediately.

Ms. Briskey has more than 15 years of experience in strategic
business and financial operations and is the Brand CFO of Eddie
Bauer at SPARC Group LLC, where she leads a finance and accounting
team managing an $800M multichannel business.  She has expertise in
financial planning, long-range budgeting, and operational
oversight. Previously, she served as Sr. Director of DTC Finance
and Company Planning at SPARC Group.  Her extensive experience
includes senior roles at Lucky Brand, Beyond Yoga, J Brand, and
GUESS? INC., driving financial efficiencies and profitability
across various retail and e-commerce channels.  Ms. Briskey holds a
Bachelor of Science in Global Business and Marketing from Arizona
State University and a Professional Designation in Product
Development from the Fashion Institute of Design and
Merchandising.

The Company also announced that Lisa Cummins has resigned as a
director of the Company effective June 12, 2024.  The Company
wishes to sincerely thank Ms. Cummins for her contributions to the
Company.

Brett Moyer, CEO of WiSA Technologies commented, "Kimberly's
success in leading teams, combined with her multi-channel
experience in financial forecasting, expense management, ROI
assessment, OTB planning, and inventory optimization, is a
tremendous asset to our leadership team.  In addition to her
finance and accounting background, she brings invaluable expertise
in investment analysis for building the WiSA E brand and driving
the future of home audio which we are achieving with our
award-winning and innovative wireless audio solutions."

Ms. Briskey will be entitled to receive equity compensation for her
service as a director of the Company pursuant to the Company's 2018
Long-Term Stock Incentive Plan, as amended.

                    About WiSA Technologies

WiSA Technologies, Inc. (NASDAQ: WISA) is a provider of immersive,
wireless sound technology for intelligent devices and
next-generation home entertainment systems.  Working with leading
CE brands and manufacturers such as Harman International, a
division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin
Audio; and others, the company delivers immersive wireless sound
experiences for high-definition content, including movies and
video, music, sports, gaming/esports, and more.  WiSA Technologies,
Inc. is a founding member of WiSA (the Wireless Speaker and Audio
Association) whose mission is to define wireless audio
interoperability standards as well as work with leading consumer
electronics companies, technology providers, retailers, and
ecosystem partners to evangelize and market spatial audio
technologies driven by WiSA Technologies, Inc.  The company is
headquartered in Beaverton, OR with sales teams in Taiwan, China,
Japan, Korea, and California.

San Jose, California-based BPM LLP, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
April 1, 2024, citing that the Company's recurring losses from
operations, a net capital deficiency, available cash and cash used
in operations raise substantial doubt about its ability to continue
as a going concern.


YELLOW CORP: Shareholders Get Court Okay to Oversee Liquidation
---------------------------------------------------------------
Todd Maiden of Freight Waves reports that a Delaware bankruptcy
court ruled Monday, June 3, 2024, to give Yellow Corp. more time to
exclusively oversee its liquidation. A 90-day extension keeps other
financial firms from putting forward competing plans for unwinding
the estate. Counsel for Yellow argued that other interested parties
may have sought an expedited disposal of its remaining assets,
resulting in lower proceeds and severely diminishing the chances of
any monetary recovery for equity holders.

Testimony from Matt Doheny, former Yellow chairman and the
company's current chief restructuring officer, said the group in
place represents the best option for maximizing value on the
remaining properties, rolling stock and other assets that are being
sold.

The committee of unsecured creditors to the estate argued the
liquidation has slowed significantly in recent months and that the
cash burn from professional fees to attorneys and advisers has
become detrimental to the remaining stakeholders, which includes
pension funds. It asserted the process is "running the estates into
the ground."

Court filings showed more than $100 million in professional fees
have been billed to the estate as of May 10, 2024. Cash burn
totaled $30 million in April, $16.9 million of which was tied to
professional fees.

The filings also showed that Yellow currently has 272 employees
(including 41 part-timers). Its four-person executive team is being
paid $325,000 a month in salary. The group includes Doheny, CEO
Darren Hawkins, Chief Financial Officer Dan Olivier and Tony
Carreno, senior vice president of investor relations. The filing
listed annual salaries and bonuses totaling $2.8 million for Doheny
and $1.9 million for Hawkins.

The company is spending a total of $2.5 million in wages per
month.

Yellow contended that the high fees are partly due to litigation of
numerous duplicate, overstated and invalid claims, and that it's
required as a fiduciary to litigate the claims on behalf of all
stakeholders, including shareholders. Also, it said that the
unsecured creditors' committee has racked up $21 million in fees
against the estate.

Yellow said most of the individuals still on the payroll are tasked
with looking after the company's terminals and rolling stock, and
performing due diligence and claims management. It said keeping the
current individuals in place, versus the committee's suggestion of
outsourcing the duties, is the most efficient and least expensive
option as they possess institutional knowledge that can't be
replicated.

The estate has liquidated more than 160 of the defunct
less-than-truckload carrier’s terminals, generating roughly $2
billion in proceeds. It has also moved more than 30,000 units of
rolling stock, primarily through auction. It has repaid more than
$1.6 billion in funded debt and bankruptcy financing and currently
has a cash balance of $327 million.

Yellow is in the process of selling 47 owned properties and 49
leased properties, and will soon make a decision on the disposal of
an additional 17 properties. It also has roughly 27,000 pieces of
equipment left to sell.

However, there are more than $10 billion in unsecured claims
against the estate currently. The biggest claimants are the pension
funds it contributed to, which say the company is on the hook for
more than $7 billion in withdrawal liabilities (although some of
these claims appear to be duplicates). Yellow also faces as much as
$244 million in claims from former employees who say they weren't
given proper notification ahead of mass layoffs last summer.

There is another complaint from the Department of Justice over
environmental matters that are expected to be remedied. The
potential amount of that claim hasn't been disclosed.

The committee said Yellow is incurring huge legal bills fighting
the claims and that it would most likely need to win litigation on
all fronts for shareholders to see any payout. It said Yellow's
handlers have implemented a "scorched earth approach in commencing
and/or defending the Active Litigation," including the resurrection
of a breach-of-contract lawsuit against the International
Brotherhood of Teamsters, which it blames for its July 2023
shutdown.

The original suit sought $137.3 million in damages and $1.5 billion
for lost enterprise value but was dismissed in a federal court in
Kansas.

The committee said the best path forward for Yellow is to work
diligently to settle the claims and limit its cash burn. It said it
recently presented a settlement proposal to Yellow but the request
was denied.

Counsel for Yellow said the liquidation has been extremely
successful and that it deserves to maintain exclusivity for
delivering the company's ultimate restructuring plan. Its working
plan includes the potential formation of a separate entity,
possibly a real estate investment trust, to liquidate the remaining
properties.

Any reorganization of Yellow, however, would not include the
resumption of LTL activities. "That's unfortunately never going to
happen," Doheny said.

Yellow also said the committee's offer was conditioned on a 30-day
pause on litigating the claims against it. It said it is capable of
pursuing both the settlement of the claims alongside litigation,
and that the pause was unlikely to produce any global resolution.
It said the litigation costs for the suit against the IBT have
largely been incurred already and that moving forward with the
action presents de minimis expenses compared to the potential
upside.

The committee criticized the plan for forming a new company as no
details have been provided yet. "They're doing the right thing;
it's several months too late and it's not quick enough," said
Meredith Lahaie, partner at Akin Gump Strauss Hauer and Feld,
counsel to the committee.

Yellow said losing exclusivity and allowing other competing Chapter
11 plans would ultimately increase costs to the estate in the form
of multiple solicitations and disclosure statements. Further,
opening the process would likely result in the formation of an
equity committee, representing the interests of shareholders, which
would present another tranche of professional fees.

Both Yellow and the committee accused each other of operating with
conflicting interests.

The committee said Yellow is acting in concert with its largest
equity holder, MFN Partners, in its decision-making. Yellow said
five of the eight members of the committee are affiliated with
either the IBT, the pension funds, the Pension Benefit Guaranty
Corp. or claimants of the Worker Adjustment and Retraining
Notification Act violations, and that the collective group isn't
looking out for the interests of all stakeholders.

Yellow's counsel said there is "nothing in the record" that shows
Yellow is "in the pocket" of MFN. The committee also rebutted the
claim that it's "conflicted."

"But what is clear is that the Debtors have earned and certainly
deserve the protections provided by the Bankruptcy Code to ensure
that allowed claims receive the highest recovery possible," counsel
for Yellow stated in a filing.

Judge Craig Goldblatt said Monday, June 3, 2024, that Yellow has
earned the right to exclusively pursue "hundreds of millions of
dollars" in future recoveries.

"My overall conclusion is that the debtor has accomplished a great
deal in this case and I'm persuaded that the debtor's actions are
consistent with an effort to maximize value for the benefit of all
constituencies," Goldblatt ruled.

The decision was not conditioned on future mediation as the court
sees no need to micromanage the process at this juncture. It also
reminded the parties, which are acting as fiduciaries, to be
mindful of professional fees, but didn't implement any oversight
procedures for the expenses.

                     About Yellow Corporation

Yellow Corporation -- http://www.myyellow.com/-- operates
logistics and less-than-truckload (LTL) networks in North America,
providing customers with regional, national, and international
shipping services throughout. Yellow's principal office is in
Nashville, Tenn., and is the holding company for a portfolio of LTL
brands including Holland, New Penn, Reddaway, and YRC Freight, as
well as the logistics company Yellow Logistics.

Yellow Corporation and 23 affiliates concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before
the Hon. Craig T. Goldblatt. As of March 31, 2023, Yellow
Corporation had $2,152,200,000 in total assets against
$2,588,800,000 in total liabilities. The petitions were signed by
Matthew A. Doheny as chief restructuring officer.

The Debtors tapped Kirkland & Ellis, LLP as restructuring counsel;
Pachulski Stang Ziehl & Jones, LLP as Delaware local counsel;
Kasowitz, Benson and Torres, LLP as special litigation counsel;
Goodmans, LLP as special Canadian counsel; Ducera Partners, LLC, as
investment banker; and Alvarez and Marsal as financial advisor.
Epiq Bankruptcy Solutions is the claims and noticing agent.

Milbank LLP serves as counsel to certain investment funds and
accounts managed by affiliates of Apollo Capital Management, L.P.
while White & Case, LLP and Arnold & Porter Kaye Scholer, LLP serve
as counsels to Beal Bank USA and the U.S. Department of the
Treasury, respectively.

On Aug. 16, 2023, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors in the Chapter 11 cases.
The committee tapped Akin Gump Strauss Hauer & Feld, LLP and
Benesch, Friedlander, Coplan & Aronoff, LLP as counsels; Miller
Buckfire as investment banker; and Huron Consulting Services, LLC,
as financial advisor.


YIELD10 BIOSCIENCE: Delisted From Nasdaq; Moves to OTC Market
-------------------------------------------------------------
Yield10 Bioscience, Inc. announced that Company has received a
final delisting notice from Nasdaq. The delisting is a result of
failure to regain compliance with the minimum stockholders' equity
requirement for continued listing on the Nasdaq Capital Market set
forth in Nasdaq Listing Rule 5550(b)(1) requiring companies listed
on the Nasdaq Capital Market to maintain stockholder's equity of at
least $2,500,000. Suspension of trading in the Company's common
stock on the Nasdaq exchange was effective at the open of trading
on May 16, 2024.

Following the Nasdaq delisting, shares of the Company's common
stock will continue to trade publicly. Effective May 16, 2024, the
Company's common stock will be eligible for quotation and trading
on the "over the counter" market operated by the OTC Markets Group
Inc. The Company's trading symbol will remain YTEN. For stock price
quotes or additional information on the OTC Market, please visit
www.otcmarkets.com. The Company plans to apply for trading on the
OTC-QB market.

The Company does not expect the transition to the OTC Market to
affect business operations. The Company remains focused on
executing its business plan and will explore any and all strategic
opportunities, both internally and externally, that have the
ability to advance the development of Camelina, as well as grow
shareholder value.

Following the Nasdaq delisting, the Company's common stock will
continue to be registered with the SEC under the Exchange Act, and
the Company will continue to file reports under the Exchange Act.

The Company's announcement is made in compliance with Nasdaq
Listing Rule 5810(b), which requires prompt disclosure of receipt
of a Staff delisting determination.

                        About Yield10

Yield10 Bioscience, Inc. -- http://www.yield10bio.com/-- is an
agricultural bioscience company focused on the large-scale
production of low carbon sustainable products from processing
Camelina seed using the oilseed Camelina sativa as a platform
crop.

As of March 31, 2024, the Company had $4.2 million in total assets,
$7.6 million in total liabilities, and $3.3 million in total
stockholders' deficit.

West Palm Beach, Florida-based Berkowitz Pollack Brant
Advisors+CPAs, the Company's auditor since 2024, issued a "going
concern" qualification in its report dated April 1, 2024, citing
that the Company has suffered recurring losses from operations and
has a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


YIELD10 BIOSCIENCE: Hikes Authorized Common Shares to 150 Million
-----------------------------------------------------------------
Yield10 Bioscience, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on June 12, 2024, it filed
a Certificate of Amendment to its Amended and Restated Certificate
of Incorporation.  The Certificate of Amendment, effective as of
June 12, 2024, increases the total number of shares of common stock
which the Company shall have authority to issue from 60 million
shares to 150 million shares.

As previously reported in a Current Report on Form 8-K filed with
the SEC on June 10, 2024, the Company's stockholders approved an
amendment to the Company's Amended and Restated Certificate of
Incorporation to increase the total number of shares of common
stock issuable by the Company from 60 million to 150 million
shares.

                          About Yield10

Yield10 Bioscience, Inc. -- http://www.yield10bio.com-- is an
agricultural bioscience company focused on the large-scale
production of low carbon sustainable products from processing
Camelina seed using the oilseed Camelina sativa ("Camelina") as a
platform crop.

West Palm Beach, Florida-based Berkowitz Pollack Brant Advisors
+CPAs, the Company's auditor since 2024, issued a "going concern"
qualification in its report dated April 1, 2024, citing that the
Company has suffered recurring losses from operations and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


YIELD10 BIOSCIENCE: Posts $2.5MM Net Loss in Q1 2024
----------------------------------------------------
Yield10 Bioscience, Inc. filed with the U.S. Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $2.5 million on $300,000 of total revenue for the three
months ended March 31, 2024, compared to a net loss of $3.8 million
on $60,000 of total revenue for the three months ended March 31,
2023.

Yield10 ended the first quarter of 2024 with $1.6 million in
unrestricted cash and cash equivalents; a net increase of $0.5
million from unrestricted cash, cash equivalents and investments of
$1.1 million reported as of December 31, 2023. The Company used
$0.9 million in cash for its operating activities during the three
months ended March 31, 2024, in comparison to $2.7 million used for
operating activities during the first three months of 2023.

The Company's ability to continue operations after its current cash
resources are exhausted depends on its ability to obtain additional
financing in the near term through, among other sources, public or
private equity financing, secured or unsecured debt financing,
equity or debt bridge financing, warrant holders' ability and
willingness to exercise the Company's outstanding warrants,
additional research grants or collaborative arrangements with third
parties, as to which no assurance can be given. Management does not
know whether additional financing will be available on terms
favorable or acceptable to the Company, if at all. If adequate
additional funds are not available in the near term, management
will be forced to curtail the Company's research efforts, explore
strategic alternatives and/or wind down the Company's operations
and pursue options for liquidating its remaining assets, including
intellectual property and equipment. Based on the Company's current
cash forecast, management has determined that the Company's present
capital resources will not be sufficient to fund its planned
operations for at least the next 12 months.

Commenting on the results, Oliver Peoples, Ph.D., President and
Chief Executive Officer of Yield10, said, "In the first quarter of
2024, we made the strategic decision to focus our resources on the
commercialization of Camelina products targeting the aquafeed and
nutritional markets for omega-3 fatty acids."

"We are building seed inventory in anticipation of commercial scale
planting, planning to obtain regulatory approval to sell omega-3
oil for aquafeed in Chile, and engaging with potential commercial
partners to enable future commercial sale of omega-3 oil and meal
in target markets."

"We recently completed deliverables earning $1 million in milestone
payments from Vision Bioenergy Oilseeds. Earlier this year, we
granted a license to VISION related to our herbicide tolerance
technology for Camelina. In recent months we have obtained
clearances from both USDA-APHIS and the U.S. EPA allowing
commercial planting of HT Camelina together with the use of
glufosinate herbicide for the management of broad leaf weeds,
representing a key milestone in the commercial development of
Camelina."

"Yield10 is a leader in the development of Camelina as a commercial
crop and in engineering novel traits into the crop. In April of
2024, Yield10 was granted a U.S. patent covering oilseed plants
engineered with a complex, novel carbon fixation pathway and in May
of 2024, the Company was granted a Notice of Allowance on C3004, a
trait that increases photosynthesis driving increased branching and
seed yield in Camelina. We expect this patent to issue in the
second half of 2024."

"In the coming months, we plan to continue to execute on our
commercial and regulatory plan to produce omega-3 oil and meal
products in Camelina, to combine our herbicide tolerant and omega-3
traits to produce new Camelina varieties, and to continue to
support grower adoption of Camelina," said Dr. Peoples."

A full-text copy of the Company's Form 10-Q is available at:

  
https://www.sec.gov/ix?doc=/Archives/edgar/data/1121702/000112170224000046/yten-20240331.htm


                        About Yield10

Yield10 Bioscience, Inc. -- http://www.yield10bio.com/-- is an
agricultural bioscience company focused on the large-scale
production of low carbon sustainable products from processing
Camelina seed using the oilseed Camelina sativa as a platform
crop.

As of March 31, 2024, the Company had $4.2 million in total assets,
$7.6 million in total liabilities, and $3.3 million in total
stockholders' deficit.

West Palm Beach, Florida-based Berkowitz Pollack Brant
Advisors+CPAs, the Company's auditor since 2024, issued a "going
concern" qualification in its report dated April 1, 2024, citing
that the Company has suffered recurring losses from operations and
has a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


ZACHARY INDUSTRIAL: Cuts More Than 4,000 Employees
--------------------------------------------------
Ruth Liao of Bloomberg Law reports that the lead contractor for the
Golden Pass liquefied natural gas export project in Texas has
dismissed more workers at the site than previously reported, after
filing for bankruptcy last month.

State labor data on Wednesday, June 5, 2024, showed Zachry
Industrial Inc. laid off 4,072 workers at the massive LNG project
under joint development by Exxon Mobil Corp. and QatarEnergy. Last
month, Zachry reported dismissing more than 3,000 workers from the
project.

The company declined to comment on the latest figures Wednesday.
Remaining contractors McDermott International Inc. and Chiyoda
Corp. continue to work at the site.

               About Zachry Holdings

Zachry Holdings, Inc., is the engineering, construction,
maintenance, turnaround and fabrication services offshoot of the
storied family-owned business that began as H.B. Zachry Company one
hundred years ago. The other offshoot, Zachry Construction, has
operated separately from Zachry Industrial since the two businesses
branched off from their common roots in 2008. None of the entities
affiliated with Zachry Construction are Debtors in these chapter 11
cases. The Zachry Group provides engineering and construction
services to clients in the energy, chemicals, power, manufacturing,
and industrial sectors across North America.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 24-90377) on may
21, 2024, with $1 billion to $10 billion in assets and liabilities.
James R. Old, general counsel, signed the petitions.

Judge Marvin Isgur presides over the case.

The Debtors tapped White & Case LLP as general bankruptcy counsel;
Susman Godfrey L.L.P. and Hicks Thomas, LLP as special litigation
counsel; and Kurtzman Carson Consultants as notice & claims agent.



[*] AIRA Announces Leadership Transitions and Awards
----------------------------------------------------
At its annual meeting and conference in Baltimore, MD, held on June
6, 2024, AIRA announced the following leadership transitions and
awards:

Eric Danner, CIRA, CohnReznick LLP, Boston, MA, named president,
succeeding Denise Lorenzo, CIRA, AlixPartners, LLP, New York, NY.
Ms. Lorenzo assumes the role of chairperson from David R. Payne,
CIRA, CDBV, D.R.Payne & Associates, Inc., Oklahoma City, OK, who
remains an AIRA board member.

Boris Steffen, CDBV, Province, LLC, Miramar, FL, named
president-elect.

Robert Swartz, CIRA, PricewaterhouseCoopers, Boston MA, named
treasurer.

Kenneth J. Enos, Esq., Wilmington, DE, named secretary.

Emanuel M. Katten Award

Emanuel M. Katten was a founding member of AIRA's predecessor
organization. He was instrumental in the development of the CIRA
program and other association and professional initiatives.

In recognition of Manny's legacy, annually, AIRA conveys its
Emanuel M. Katten Founders Award to a member of the restructuring
community with a history of outstanding service and a substantial
contribution to the profession. This year's honoree is David
Berliner, CIRA, BDO, USA, LLC, New York, NY.

For additional conference and program information, visit
https://aira.org/conference.

                            About AIRA

The Association of Insolvency and Restructuring Advisors --
http://www.aira.org-- is a nonprofit professional association
serving financial advisors, accountants, crisis managers, business
turnaround consultants, lenders, investment bankers, attorneys,
trustees, and other individuals involved in the fields of business
turnaround, restructuring, bankruptcy and insolvency. AIRA's
mission is to (i) Unite and support professionals providing
business turnaround, restructuring and bankruptcy services, and
(ii) Develop, promote, and maintain professional standards of
practice, including a professional certification through its CIRA
and CDBV programs.



[*] Six Restaurant Chains That Have Filed for Bankruptcy in 2024
----------------------------------------------------------------
Brianna Ruback of Eat This, Not That reports on six restaurant
chains that have declared bankruptcy in 2024.

* Red Lobster

About a week after making headlines for abruptly closing dozens of
locations, Red Lobster announced it had filed for Chapter 11
bankruptcy. Jonathan Tibus, Red Lobster's CEO, said in a press
release that the bankruptcy will enable the company "to address
several financial and operational challenges."

* Tijuana Flats

In April, Tijuana Flats, the Florida-based Tex-Mex restaurant
chain, shared several restructuring plans, one of which was filing
for Chapter 11 bankruptcy protection. According to Restaurant
Business Online, the chain has nearly $19 million in debt.
Along with announcing the bankruptcy, Tijuana Flats shared that
Flatheads, LLC. acquired the chain. The company noted in a press
release that its strategic review, which began in November 2023,
drove the new ownership and bankruptcy filing.

The changes for Tijuana Flats didn't stop at a bankruptcy filing
and new owner. The restaurant chain also closed 11 restaurants, 10
of which were in Florida and one of which was in Virginia,
according to a company representative. The company said these
closures stemmed from "a unit-by-unit analysis of financial
performance, occupancy costs, and market condition."

The recent shutterings follow 40 additional closures this year.
Restaurant Business Online reported that Tijuana Flats has
attributed some of its financial struggles to rising food and labor
costs after the pandemic, as well as shifts in consumer spending.
In addition to this, the chain's menu expansion in 2021 required
more equipment and staff, resulting in slower service times,
increased costs, and lower customer satisfaction, according to the
filing. This ultimately led to a decline in sales.

The seafood chain said it will use the proceedings to promote
operational improvements, reduce locations, and sell "substantially
all of its assets." Court documents reveal that Red Lobster has an
estimated $1 billion to $10 billion in assets and liabilities.

Over the years, Red Lobster has struggled with several issues,
including high food and labor costs and significant operating
losses, which include the $11 million loss tied to its Ultimate
Endless Shrimp deal. The company is now investigating the role that
Thai Union, Red Lobster's majority owner, played in the popular
promotion, according to Reuters.

* Boxer

At the end of April, Boxer, a small Portland, Ore.-based Ramen
chain, announced via Instagram that it will be closing all four of
its restaurants on May 29 after filing for Chapter 11 bankruptcy
with its sister chain SuperDeluxe in February. In its Instagram
post and on its website, Boxer said the closures were due to a
combination of pandemic-related challenges and inflation.

"Despite the tireless efforts and dedication of our incredible
team, and the unwavering support from all of you, our family and
friends, it has become impossible to continue operating," Boxer
wrote.

Before filing for bankruptcy in February, Boxer had opened two new
restaurants—a Beaverton, Ore., location in December 2023, and a
Multnomah Village, Ore., location in January 2024.

Beyond Boxer's closures, SuperDeluxe, which once operated five
restaurants, now has just two, according to the Willamette Week.
However, the chain's website currently lists three locations.

* Sticky's Finger Joint

After struggling with pandemic-related issues and various legal
troubles, New York-based Sticky's Finger Joint filed for Chapter 11
bankruptcy at the end of April. During the pandemic, the chicken
tender chain experienced decreasing sales and restaurant closures
and now operates just 12 locations. Sticky's also said its
financial issues resulted from the increased reliance on
third-party delivery channels, as well as low foot traffic in New
York City following the pandemic, according to Restaurant Business
Online.

Beyond its financial struggles, the chain has gotten sued multiple
times. In 2022, the similarly named, older barbecue chain Sticky
Fingers sued Sticky's over trademark infringement. A year before
that, a court awarded Sticky's landlord $600,000 in damages after
the chain left its lease early. Although Sticky's appealed this,
the case resulted in a "financial strain," according to Restaurant
Business Online.

* Popeyes

At the end of January, RRG, a 17-unit Popeyes franchisee filed for
Chapter 11 bankruptcy and attributed this to three underperforming
restaurants. According to the filing, the restaurants "have
significantly lost money and caused a financial burden on the
continued operation of the remaining restaurants." Additionally,
the franchisee fell behind on the lease payments of its profitable
locations and must pay them back to avoid lease termination. The
filing notes that RRG plans to continue operating its business
during the bankruptcy while closing its "poor performing
locations."

The franchisee owes rent to at least 11 entities, with one landlord
owed as much as $238,595.13 according to Restaurant Dive. This is
the second Popeyes operator to file for bankruptcy since last
March.



[*] U.S. Brands That Announced Closure of Stores in 2024
--------------------------------------------------------
Chloe Mayer of Newsweek reports that as major restaurant chain Red
Lobster files for bankruptcy protection after abruptly shuttering
99 sites, the household name is not the only food or retail icon
forced to announce closures this year.

Shockwaves rippled through the catering industry and beyond when
Red Lobster closed dozens of sites earlier this month, before
filing for Chapter 11 bankruptcy last week. Analysts suggested the
blame lay with poor management decisions and costly all-you-can-eat
deals offered as the price of shrimp fluctuated then soared.
Restaurant bosses were also forced to contend with high inflation
pushing up wholesale costs, with rising prices also forcing many
diners to eat at home to save money.

But Red Lobster is not alone; several other food outlets are also
closing down. A tough economic climate for businesses and a
cost-of-living crisis for consumers has left many stalwarts
floundering. Thousands of small businesses have warned they are at
risk of closing, but even well-known brands that many Americans
have grown up with are also at risk.

Many have filed for Chapter 11 bankruptcy, which is often referred
to as a "reorganization" bankruptcy and is effectively a type of
protection. It means that creditors usually suspend attempts to
collect debts but will have a say on any reorganization plans,
while the debtor remains in possession of the business and may even
continue to run it with the possibility—depending on court
approval—to borrow more money. It is usually offered when
businesses have large debts but also earn a sizable income.

As scores of much-loved businesses file for bankruptcy, Newsweek
has reached out to the U.S. Chamber of Commerce by email seeking
comment on the sheer volume of closures.

Below is a list of chains that have announced closures this year:

* Walgreens

Almost 650 workers were laid off, the company confirmed to Newsweek
last month, as it underwent a "restructuring" process of closing
150 American stores as part of a paring-down strategy launched in
2023 in a bid to cut costs.

* Walmart

Walmart is shuttering nine of its locations in the U.S., blaming
financial underperformance for the decision. However, it said it
plans to open 14 new sites in 2024.

The news comes after the retail chain shut down four stores in
Chicago in 2023, following losses of "tens of millions of dollars a
year," the company confirmed in a statement.

* Rue 21

The teen fashion chain is set to close all 540 stores after filing
for Chapter 11 bankruptcy at the beginning of May.

* The Body Shop

Cosmetics and toiletries chain The Body Shop closed all of its
U.S.-based operations in March, along with the closures of dozens
of its Canadian stores.

* Family Dollar

Some 600 Family Dollar stores were shuttered this year, with
hundreds more closures planned over the next few years as the
discount retailer's location leases come to an end.

Dollar Tree, which owns the brand, said it had made the decision
after a "comprehensive review of our store portfolio to identify
and address underperforming stores and invest in improved store
standards and growth."

* Best Buy

Even behemoth Best Buy has not escaped unscathed, with the
electronics chain announcing plans to cut up to 15 stores by next
year. The company revealed its decision in a quarterly earnings
call at the end of February. It comes as 24 stores were shed in the
2024 fiscal year, Chief Financial Officer Matt Bilunas said.

* Party City

The party supplies retailer announced plans to close 35 stores
after filing for Chapter 11 bankruptcy protection. Some 22 stores
were shut in February, with nine more closed in April, and a
further four slated for closure this month.

* CVS

Hundreds of the drugstore's pharmacies inside Targets were slated
for closure and the company also plans to reduce its workforce. CVS
said it was part of a plan to optimize the spacing of its sites
across the country.

* Foot Locker

Underperforming stores in shopping malls were the focus of a
shake-up by the sportswear company. Some 400 stores across North
America are set to close by 2026, Foot Locker said during its 2023
Investor Day presentation.

* Rite Aid

The pharmacy chain closed an eyewatering 520 locations—a quarter
of its stores—within just seven months after filing for Chapter
11 bankruptcy, Bloomberg reported on May 3.

* 99 Cents Only

All 371 U.S. stores run by the discount chain will be shuttered as
the business winds down, the company's interim CEO Mike Simoncic
announced in April.

"Unfortunately, the last several years have presented significant
and lasting challenges in the retail environment, including the
unprecedented impact of the COVID-19 pandemic, shifting consumer
demand, rising levels of shrink, persistent inflationary pressures
and other macroeconomic headwinds," Simoncic said. "This was an
extremely difficult decision and is not the outcome we expected or
hoped to achieve."

* Express

Clothing chain Express revealed that more than 25 states will lose
stores as it closes more than 100 sites after filing for Chapter 11
bankruptcy protection. The closures began last month.


[^] BOOK REVIEW: PANIC ON WALL STREET
-------------------------------------
A History of America's Financial Disasters

Author:      Robert Sobel
Publisher:   Beard Books
Softcover:   469 Pages
List Price:  $34.95
Review by:   Gail Owens Hoelscher
http://www.beardbooks.com/beardbooks/panic_on_wall_street.html  

"Mere anarchy is loosed upon the world, the blood-dimmed tide is
loosed, and everywhere the ceremony of innocence is drowned; the
best lack all conviction, while the worst are full of passionate
intensity."

What a terrific quote to find at the beginning of a book on a
financial catastrophe! First published in 1968. Panic on Wall
Street covers 12 of the most painful episodes in American financial
history between 1768 and 1962. Author Robert Sobel chose these
particular cases, among a dozen or so others, to demonstrate the
complexity and array of settings that have led to financial panics,
and to show that we can only make; the vaguest generalizations"
about financial panic as a phenomenon.  In his view, these 12 all
had a great impact on Americans of the time, "they were dramatic,
and drama is present in most important events in history." They had
been neglected by other financial historians. They are:

       William Duer Panic, 1792
       Crisis of Jacksonian Fiannces, 1837
       Western Blizzard, 1857
       Post-Civil War Panic, 1865-69
       Crisis of the Gilded Age, 1873
       Grant's Last Panic, 1884
       Grover Cleveland and the Ordeal of 183-95
       Northern Pacific Corner, 1901
       The Knickerbocker Trust Panic, 1907
       Europe Goes to War, 1914
       Great Crash, 1929
       Kennedy Slide, 1962

Sobel tells us there is no universally accepted definition if
financial panic. He quotes William Graham Sumner, who died long
before the Great Crash of 1929, describing a panic as "a wave of
emotion, apprehension, alarm. It is more or less irrational. It is
superinduced upon a crisis, which is real and inevitable, but it
exaggerates, conjures up possibilities, take away courage and
energy."

Sobel could find no "law of panics" which might allow us to predict
them, but notes their common characteristics. Most occur during
periods of optimism ("irrational exuberance?"). Most arise as
"moments of truth," after periods of self-deception, when players
not only suddenly recognize the magnitude of their problems, but
are also stunned at their inability to solve them. He also notes
that strong financial leaders may prove a mitigating factor, citing
Vanderbilt and J.P. Morgan.

Sobel concludes by saying that although financial panics have
proven as devastating in some ways as war, and while much research
has been carried out on war and its causes, little research has
been done on financial panics. Panics on Wall Street stands as a
solid foundation for later research on the topic.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
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then-ending.

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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

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Peter A. Chapman, Editors.

Copyright 2024.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
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