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260205.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, February 5, 2026, Vol. 30, No. 36 Headlines 1600 WESTERN: Court Extends Cash Collateral Access to Feb. 28 469 NE 35: Initiates Chapter 11 Bankruptcy in Florida 4912 WISCONSIN: Seeks to Hire Arthur Lander CPA PC as Accountant 57-36 MYRTLE: Ridgewood Property Sale to Moshe OK'd 584 STARKWEATHER: Voluntary Chapter 11 Case Summary 9 WALLENBERG: Seeks Chapter 7 Bankruptcy in New York ACT RE: Starts Chapter 11 Bankruptcy in Wisconsin ADMIRABLE HAVENS: Unsecured Creditors to Split $26K over 5 Years ADTALEM GLOBAL: S&P Rates Proposed Senior Secured Term Loan 'BB' AEMETIS INC: Board OKs $80MM Common Stock Repurchase Program AEMETIS INC: OKs $350K Annual Guarantee Fee for McAfee Capital AI ERA CORP: Secures $100,000 Net Proceeds in Private Note Offering AINOS INC: Subsidiary ScentAI Discloses 16.5% Equity Stake AIR INDUSTRIES: Star Equity Entities Hold 1.8% Equity Stake ALBERT WHITMAN: Court Extends Cash Collateral Access to Feb. 28 ALLSTAR PROPERTIES: To Sell W Elm Property to Jose G. Algria-Tovar ALPHA 4 LLC: U.S. Trustee Unable to Appoint Committee AMC ENTERTAINMENT: FY2025 Loss Widens to $632.4 Million AMC ENTERTAINMENT: Gains Flexibility to Refinance Odeon Debt AMERICAN SIGNATURE: FBT Gibbons Represents Creditors WPG, Tempur APPLIANCE PRO: Seeks Subchapter V Bankruptcy in South Carolina ARCANUM VENTURES: Gets Final OK to Use Cash Collateral AYURCANN HOLDINGS: Obtains CCAA Creditor Protection to Restructure BARROW SHAVER: Munsch Hardt Represents Mineral Lien Claimants BEELINE HOLDINGS: To Host Q4 2025 Stakeholder Call on March 30 BLIZE HEALTHCARE: Gets Interim OK to Use Cash Collateral BLOCK COMMUNICATIONS: S&P Rates New $450MM Sr. Secured Notes 'B' BOY SCOUTS: Trust Gets OK to Continue Insurance Litigation BRC GROUP: Prelim FY2025 Net Income Expected at $279.9 Million BRC GROUP: Returns to Good Standing on Nasdaq Periodic Filing Rule BRET'S TOWING: Commences Chapter 11 Bankruptcy in Wisconsin CAFE PASSE: Seeks to Hire C.R. Hyde PLC as Bankruptcy Counsel CANNABIST COMPANY: Secures Forbearance on 2028 Notes Until Feb 17 CAPE FEAR: Seeks to Hire Titan Advisors LLC as Accountant CAPSTONE GREEN: Laurence Lytton, Foundation Hold 7.7% Stake CAPTAIN CLEAN: Starts Chapter 7 Bankruptcy in Wisconsin CARBON HEALTH: Case Summary & 30 Largest Unsecured Creditors CARBON HEALTH: Seeks to Sell Medical Service Biz at Auction CHAINCE DIGITAL: Ends FPI Status; To File as Domestic Issuer CHAINCE DIGITAL: Tang Qian Replaces OneStop as Independent Auditor CIVITAS RESOURCES: S&P Upgrades ICR to 'BB', Outlook Stable COMPASS GROUP: Raises Going Concern Doubt From Covenant Risks DALRADA FINANCIAL: Provides Collateral for Genefic SBLC, ARL Deals DARE BIOSCIENCE: Closes Initial Tranche of $24.3MM Unit Offering DAVE KEYTE: Seeks Chapter 7 Bankruptcy in Oregon EAGLELINE SHIPPING: Seeks Chapter 7 Bankruptcy in Florida EAST LA HOME: Voluntary Chapter 11 Case Summary ECOM AUTHORITY: Seeks 90-Day Extension of Plan Filing Deadline ECUBE LABS: Plan Exclusivity Period Extended to May 11 EDDIE BAUER: Plans to File for Chap. 11, To Close Around 180 Stores EKSO BIONICS: Daniel Asher Holds 16.51% Equity Stake ENTECCO FILTER: Seeks to Sell Assets via Online Public Auction ENVERIC BIOSCIENCES: Raises $1.5MM in Registered Direct Offering ERIC VICK: Seeks Chapter 7 Bankruptcy in Massachusetts ESCALON MEDICAL: Receives $1MM First Installment From Optos Sale FANATICS HOLDINGS: S&P Withdraws 'BB-' Issuer Credit Rating FIRST BRANDS: Founder Taps Hamptons Estate to Post $50MM Bond FLEMING'S LAWNCARE: Seeks Chapter 7 Bankruptcy in South Carolina FLUENT INC: Phillip Frost, Frost Gamma Trust Hold 24.7% Stake GLOBAL ALLIANCE: Gets Final OK to Use Cash Collateral GRAN TIERRA: Launches Exchange Offer for 2029 Notes GREYSTONE LOGISTICS: Major Customer Loss Sparks Going Concern Doubt GUNSTOCK RANCH: Seeks Subchapter V Bankruptcy in Hawaii HARRISON BY RENZZI: Seeks Chapter 11 Bankruptcy in Florida HARTFORD CREATIVE: Accumulated Deficit Triggers Going Concern Doubt HARVARD BIOSCIENCE: Consolidates Manufacturing to Boost Efficiency HEALTHY OCEANS: Initiates Chapter 11 Bankruptcy in California HERITAGE SALVAGE: Unsecureds Will Get 1% Dividend in Plan HIGH ZZEAZZZ: Gets Interim OK to Use Cash Collateral HILLSIDE ASPENS: Seeks Chapter 7 Bankruptcy in Colorado HNO INTERNATIONAL: Delays 10-K Filing Due to Data Compilation I-26 TRUCK: Seeks Chapter 7 Bankruptcy in South Carolina INCORA INTERMEDIATE: S&P Assigns 'B-' ICR, Outlook Stable INKED PLAYMATS: Unsecured Creditors to Split $85K in Plan INSPIRED HEALTHCARE: Case Summary & 30 Top Unsecured Creditors INSPIRED HEALTHCARE: Files Chapter 11 to Explore Strategic Options INSPIRED HEALTHCARE: Seeks Chapter 11 Bankruptcy w/ Over $1B Debt INTERNATIONAL TOWER HILL: Paulson & Co. Reports 34% Stake INTERNATIONAL TOWER HILL: Secures $113MM for Livengood Gold Project INTL TOWER HILL: Electrum Strategic and Affiliates Hold 12.3% Stake J.B. ECOMMERCE: Seeks Chapter 7 Bankruptcy in South Carolina JUMP PEORIA: Seeks to Hire Mark J. Giunta as Bankruptcy Counsel KARYOPHARM THERAPEUTICS: Affinity Asset Advisors Holds 8.6% Stake KASAI HOLDINGS: Trustee Taps Cross Law Firm PLC as Counsel KIM ENGINEERING: Gets OK to Use Cash Collateral Until Feb. 28 KOOMBEA INC: Gets Extension to Access Cash Collateral KOSMOS ENERGY: Announces Early Tender Results for 2027 Senior Notes KULANA HALE: Gets Final OK to Use Cash Collateral LATHER TRANSPORT: Commences Chapter 7 Bankruptcy in South Carolina LEXARIA BIOSCIENCE: Confirms Board Slate, Auditor at Annual Meeting LEXARIA BIOSCIENCE: Registers 743K Shares via Evergreen Provision LS INTERIORS: Seeks Chapter 11 Bankruptcy in Florida LUMINAR TECHNOLOGIES: Court OKs MicroVision Asset Purchase Deal LUXURY FOOD: Seeks Chapter 7 Bankruptcy in Massachusetts MARCO CUSTOM: Seeks Chapter 7 Bankruptcy in Florida MARINER'S GATE: JPMorgan Seeks to Convert Chapter 11 to Chapter 7 MARQUIS SOLAR: Commences Chapter 11 Bankruptcy in Florida MARQUIS STAR: Taps Linda Leali and Alderman Law Firm as Co-Counsel MESA RENTAL: Seeks Chapter 7 Bankruptcy in Colorado MISS AMERICA: Businessman Challenges $500MM Sanctions MJ COLLISION: Seeks Chapter 11 Bankruptcy in Wisconsin MODERNO PORCELAIN: Unsecureds Will Get 49.96% over 3 Years MOOCHO INC: Seeks Chapter 11 Bankruptcy in Florida MULTI-COLOR CORP: Court OKs DIP Financing, Cuts Rollup Terms MULTI-COLOR CORP: RSA Includes $889M Equity Investment for Growth MULTI-COLOR CORP: Willkie Farr & Rolnick Kramer Advise Canyon MY CAR WASH: Gets Interim OK to Use Cash Collateral NEAREST GREEN: Bidder with SEC Record Shows Interest in Buying Debt NEW GRANT: Grant Building Offered via Bankruptcy Sale in Atlanta NEW PROVIDENCE DEVELOPMENT: Seeks Chapter 11 Bankruptcy in Florida NEWTEKONE INC: Redeems $294 Million Senior Notes Since 2018 NFN8 GROUP: Bitcoin Miner in Chapter 11 to Pursue Sale NFN8 GROUP: Case Summary & One Unsecured Creditors NINE ENERGY: Case Summary & 30 Largest Unsecured Creditors NINE ENERGY: Gets Interim OK to Obtain $125 Million Financing NINE ENERGY: NYSE Commences Delisting Proceedings NINE ENERGY: To Seek Plan Confirmation on March 4 NORTH AMERICA: Gets Court Nod to Use Cash Collateral NORTH AMERICAN: Unsecureds Will Get 4% of Claims over 5 Years NURIEL & GRACE: Case Summary & Five Unsecured Creditors OAKTREE OCALA: Unsecureds Will Get 100% of Claims in Plan OMS PROPERTIES: Seeks Chapter 11 Bankruptcy in Wisconsin PALM GREENS: Starts Chapter 11 Bankruptcy in Florida PARAMOUNT PROPERTIES: Taps Jose M Prieto Carballo Esq. as Counsel PRETIUM PACKAGING: Grappled w/ Mounting Debt Before Ch.11 Filing PRETIUM PACKAGING: In Chapter 11 With Deal With Lenders, Clearlake PRIMETIME SHOPPING: Seeks Chapter 7 Bankruptcy in California PYRAMID HOUSE: Seeks to Hir eTax Advice Group, Inc. as Accountant REDDIRT ROAD: Seeks to Hire Bruner Wright PA as Special Counsel REMAINCO DATA: Seeks Chapter 7 Bankruptcy w/ $194MM Debt RMKD LIQUORS: Hires RE/MAX Distinguished Homes as Business Broker RP CAPITAL: Long Beach Property Sale to Meaghan Ciotti OK'd SAILORMEN INC: Hires Stretto Inc as Claims and Noticing Agent SANTA PAULA: Seeks to Sell Terra Bella Property via Auction SCHOLTEN CONSTRUCTION: Commences Chapter 7 Bankruptcy in Florida SHANNON WIND: Hires Kurtzman Carson as Claims and Noticing Agent SJ ASSET: Seeks Subchapter V Bankruptcy in Georgia SKYX PLATFORMS: Dov Shiff and Affiliates Report 11.8% Equity Stake SKYX PLATFORMS: Rani Kohen Holds 8.7% Equity Stake SONIM TECHNOLOGIES: Sells 5G Solutions Biz, Rebrands as DNA X Inc. SONOMA PHARMACEUTICALS: Vanessa Jacoby Named Audit Committee Chair SOUTH TOWN BY 4M: Seeks Chapter 11 Bankruptcy in Michigan SPECTRUM LIGHTING: July 13 Governmental Claims Bar Date STM CONSTRUCTION: Claims to be Paid from Disposable Income STRATEGIC ENVIRONMENTAL: Recurring Losses Raise Going Concern Doubt SUCCESS VILLAGE: Receiver Knott Pursues $6MM in State Financing SUPERIOR INDUSTRIES: Liquidity Issues Raise Going Concern Doubt T&T FOODS: Seeks Chapter 11 Bankruptcy in Florida TOMPKINS SQUARE: Unsecured Creditors to be Paid in Full in Plan TRICOLOR AUTO: Judge Postpones Vervent Loan Work Fees Ruling TRUCK & TRAILER: Court OKs Trailer Sale to Interstate 365 URBAN-GRO: Issues 2 Million Unregistered Shares for $200,000 URBAN-GRO: Sadler, Gibb & Associates Raise Going Concern Doubt US NUCLEAR: Posts $147,355 Q3 2025 Net Income, Seeks New Capital US SIKH: Unsecured Creditors Will Get 12% of Claims in 60 Months USA STAFFING: Hearing Today on Bid to Use Cash Collateral VERRICA PHARMACEUTICALS: Affinity Asset Advisors Holds 5.5% Stake VITRO BIOPHARMA: Needs Additional Time to File FY 2025 10-K WHITE ROCK: Seeks to Tap Epiq as Claims and Noticing Agent WRIGHTSTOWN WOOD: Seeks Chapter 7 Bankruptcy in Wisconsin [] David Love Joins Winston & Strawn's Finance Practice [] Max Silverstein Joins Latham's Capital Markets Practice [] Rachel Strickland Joins Ropes & Gray's Restructuring Practice [] Stretto Launches Real Estate Disposition Services [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 1600 WESTERN: Court Extends Cash Collateral Access to Feb. 28 ------------------------------------------------------------- 1600 Western Venture, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral to fund operations. The court issued its ninth interim order authorizing the Debtor to use cash collateral through February 28 in accordance with its budget. The order approved wages for three non-insider employees -- Shanon Wolowicz ($2,115) and Ana Miranda ($1,538) -- along with related expenses. As adequate protection, Wells Fargo Bank N.A., as trustee for a commercial mortgage trust, and the U.S. Small Business Administration will be granted replacement liens on the Debtor's property whether acquired before or after the bankruptcy petition. These replacement liens will have the validity, priority and extent as the secured creditors' pre-bankruptcy liens. The next hearing is scheduled for February 24. Wells Fargo Bank claims a $9 million secured interest, which the Debtor disputes, asserting that the underlying mortgage and related documents are invalid due to alleged forgery and improper execution. The Debtor claims that the value of its real estate exceeds $19.4 million, which it believes provides sufficient protection to the lender. Wells Fargo Bank, as lender, is represented by: Samantha Ruben, Esq. Dentons US. LLP 233 S. Wacker Drive, Suite 5900 Chicago, IL 60606 312-876-8000 samantha.ruben@dentons.com About 1600 Western Venture LLC 1600 Western Venture LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08821) on June 10, 2025. In the petition signed by Dorothy Flisk, managing member, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Jacqueline P. Cox oversees the case. Paul M. Bach, Esq., and Penelope Bach, Esq., at Bach Law Offices, Inc. represent the Debtor as legal counsel. 469 NE 35: Initiates Chapter 11 Bankruptcy in Florida ----------------------------------------------------- On January 29, 2026, 469 NE 35 Street LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About 469 NE 35 Street LLC 469 NE 35 Street LLC is a limited liability company. 469 NE 35 Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11151) on January 29, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. 4912 WISCONSIN: Seeks to Hire Arthur Lander CPA PC as Accountant ---------------------------------------------------------------- 4912 Wisconsin LLC seeks approval from the U.S. Bankruptcy Court for the District of Colombia to hire Arthur Lander, C.P.A., P.C. as accountant. The Debtor's services include compiling books and records; preparing and filing all necessary tax returns on behalf of the estate; advising Debtor of his duties and responsibilities under the Internal Revenue Code; work with the Debtor in assessing the Estate's financial condition; and other matters that arise in the administration of this estate in bankruptcy relating to accounting matters. The firm will be paid at these rates: Arthur Lander, CPA $560 per hour Chris Mueller $200 per hour Thai Ton $200 per hour Bookkeeper $85 per hour The firm will hold a monthly retainer of $1,500. Arthur Lander disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Arthur Lander, Esq. Arthur Lander, C.P.A., P.C. 300 N. Washington St., #104 Alexandria, VA 222314 Telephone: (703) 486-0700 Facsimile: (703) 527-7207 Email: law@businesslegalservicesinc.com About 4912 Wisconsin LLC 4912 Wisconsin LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-00587) on December 16, 2025. In its petition, the Debtor reports unknown estimated assets and estimated liabilities in the range of $1 million to $10 million. The case is handled by Honorable Bankruptcy Judge Elizabeth L. Gunn. The Debtor is represented by William Payne, Esq., of Payne & Assoc. 57-36 MYRTLE: Ridgewood Property Sale to Moshe OK'd --------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York has granted 57-36 Myrtle Ave. LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 57-36 Myrtle Avenue, Ridgewood, New York. The Court has authorized the Debtor to sell the Property to Moshe Cohen, or assigns for the purchase price of $1,050,000. The Sale Motion and Hearing was timely, proper, and reasonably calculated to provide interested parties with timely and proper notice of the Hearing, and no other or further notice of the Sale Motion, and the Sale Hearing is, or shall be, required. The Contract was negotiated, proposed, and entered into by the Debtor and Moshe Cohen, or assigns, without collusion, in good faith, and from arm's-length bargaining positions. The sale does not constitute a subrosa chapter 11 plan. The Transaction neither impermissibly restructures the rights of the Debtor's creditors nor impermissibly dictates a chapter 11 plan for the Debtor. Neither the Debtor nor Purchaser have engaged in any conduct that would cause or permit the sale to be avoided under section 363(n) of the Bankruptcy Code. Purchaser is consummating the sale in good faith and is a good faith Purchaser within the meaning of section 363(m) of the Bankruptcy Code and is not an "insider" of the Debtor. Given the particular circumstances, the sale afforded the bidder submitting the highest or otherwise best offer to purchase the Property, since the Debtor was subject to imminent foreclosure of the lien on the Property. The Contract constitutes the highest or otherwise best offer for the Property under the circumstances, and the Debtor’s determination that the Contract constitutes the highest or otherwise best offer for the Property is based upon a valid and sound exercise of the Debtor's business judgment. The consideration to be paid by Purchaser under the Contract constitutes fair and reasonable consideration for the Property. The Debtor may sell the Property free and clear of all Liens and Claims against the Debtor, its estate, or any of its Property. About 57-36 Myrtle Ave 57-36 Myrtle Ave, LLC is a lessor of non-residential building. The Debtor owns a property located at 5736 Myrtle Ave, Ridgewood, NY 11385-4940 valued at $1.5 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 23-40482) on February 13, 2023. In the petition signed by Paul Amato, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jil Mazer-Marino oversees the case. H. Bruce Bronson, Esq., at Bronson Law Office, P.C., represents the Debtor as legal counsel. 584 STARKWEATHER: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: 584 Starkweather LLC 899 Woodlea St. Birmingham, MI 48009-2928 Business Description: 584 Starkweather LLC is a single-asset real estate company that owns and leases an industrial property at 1520 E. Cavanaugh Rd. in Lansing, Michigan. Chapter 11 Petition Date: January 31, 2026 Court: United States Bankruptcy Court Eastern District of Michigan Case No.: 26-41066 Judge: Hon. Thomas J Tucker Debtor's Counsel: Stuart Sandweiss, Esq. METRO DETROIT BANKRUPTCY LAW GROUP 18481 West Ten Mile Rd. Suite 100 Southfield, MI 48075 E-mail: stuart@4lsg.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by David Merlo as member and manager. The Debtor submitted the required list of its 20 largest unsecured creditors, but provided no names. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VVTSJRI/584_Starkweather_LLC__miebke-26-41066__0001.0.pdf?mcid=tGE4TAMA 9 WALLENBERG: Seeks Chapter 7 Bankruptcy in New York ---------------------------------------------------- On January 28, 2026, 9 Wallenberg Circle LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1 to 49 creditors. About 9 Wallenberg Circle LLC 9 Wallenberg Circle LLC is a real estate company focused on managing and developing residential and commercial properties. The company specializes in property leasing, acquisitions, and property management services. 9 Wallenberg Circle LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22080) on January 28, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and undisclosed liabilities. Honorable Bankruptcy Judge Sean H. Lane handles the case. ACT RE: Starts Chapter 11 Bankruptcy in Wisconsin ------------------------------------------------- On February 1, 2026, Act Re LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Wisconsin. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About Act Re LLC Act Re LLC is a limited liability company. Act Re LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-20525) on February 1, 2026. In its petition, the Debtor reports estimated assets in the range of $100,001 to $1 million and estimated liabilities in the range of $1 million to $10 million. The Debtor is represented by Evan Schmit, Esq. of Kerkman & Dunn. ADMIRABLE HAVENS: Unsecured Creditors to Split $26K over 5 Years ---------------------------------------------------------------- Admirable Havens, LLC, filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Second Amended Plan of Reorganization dated January 26, 2026. The Debtor is a real estate investment and management company. The Debtor was formed in 2017 by members Melonie McCallum and her husband Ian McCallum. As of the Petition Date it owned and managed two single-family rental properties in Atlanta, Georgia: 64 Monte Square, Atlanta, Georgia 30327 ("Montre Square Property") and 2225 Beecher Circle, SW, Atlanta, GA 30311 ("Beecher Property"). The Debtor rented the individual bedrooms in each property by the month. The Debtor sold the Montre Square Property pursuant to the Order Granting Debtor's Motion to Sell Real Property Free and Clear of Liens Pursuant to Section 363 of the Bankruptcy Code entered on September 22, 2025. Debtor's counsel is holding the sale proceeds for distribution under the Plan. The Debtor continues to rent individual bedrooms in the Beecher Property. This Plan deals with all property of Debtor and provides for treatment of all Claims against Debtor and its property. Class 5 shall consist of General Unsecured Claims held by non insiders including any potential deficiency claims pursuant to Sections 506 and 522(f) of the Bankruptcy Code ("GUCs"). The Debtor will pay GUCs a total of $26,000.00. If the Plan is confirmed under Section 1191(a) of the Bankruptcy Code, Debtor shall pay GUCs $1,300.00/quarter over five years. The first quarterly payment will be made on the last day of the first full quarter following the Effective Date and continue every three months for a total of 20 quarterly payments. If the Plan is confirmed under Section 1191(b) of the Bankruptcy Code, Class 5 shall be treated the same as if the Plan was confirmed under Section 1191(a) of the Bankruptcy Code. Notwithstanding anything else in this document to the contrary, any claim listed shall be reduced by any payment received by the creditor holding such claim from any third party or other obligor and Debtor's obligations hereunder shall be reduced accordingly. Class 5 is Impaired and entitled to vote on the Plan. Nothing herein shall constitute an admission as to the nature, validity, or amount of claim. Debtor reserves the right to object to any and all claims. The allowed unsecured claims total $62,918.39. Class 6 consists of Equity Security Holders. The Equity Security Holders will retain their interest in the reorganized Debtor as such interest existed as of the Petition Date. This class is not impaired and is not eligible to vote on the Plan. Upon confirmation, Debtor will be charged with administration of the Plan. Debtor will be authorized and empowered to take such actions as are required to effectuate the Plan. Debtor will file all post-confirmation reports required by the United States Trustee's office or by the Subchapter V Trustee. Debtor will also file the necessary final reports and may apply for a final decree as soon as practicable after substantial consummation and the completion of the claims analysis and objection process. The source of funds for the payments pursuant to the Plan is Debtor's continued business operations and a $500.00 monthly contribution to the Debtor from the Debtor's principal, Ms. Melonie McCallum. The funds Ms. McCallum is contributing shall come from her W-2 income as a public school employee. A full-text copy of the Second Amended Plan dated January 26, 2026 is available at https://urlcurt.com/u?l=5qJ2DP from PacerMonitor.com at no charge. Counsel to the Debtor: William A. Rountree, Esq. Elizabeth A. Childers, Esq. Rountree, Leitman Klein & Geer, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, Georgia 30329 Email: wrountreerlkglaw.com echilders@rlkglaw.com About Admirable Havens Admirable Havens, LLC, is a real estate investment and management company. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-10446) on April 1, 2024, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Paul Baisier oversees the case. William A. Rountree at Rountree Leitman Klein & Geer, LLC represents the Debtor as legal counsel. ADTALEM GLOBAL: S&P Rates Proposed Senior Secured Term Loan 'BB' ---------------------------------------------------------------- S&P Global assigned its 'BB' issue-level rating and '3' recovery rating to Adtalem Global Education Inc.'s proposed $510 million first-lien term loan due in March 2033. The '3' recovery rating indicates S&P's expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of a default. The proposed senior secured first-lien term loan will be used to refinance the outstanding $103 million first-lien term loan due in August 2028 and $405 million senior secured notes due March 2028. S&P said, "We view the proposed transaction as credit neutral and therefore it has no impact on our existing 'BB' issuer credit rating and stable outlook on Adtalem. The rating continues to reflect our expectations of revenue growth of about 7% to 9% for fiscal-year 2026 and S&P Global Ratings adjusted leverage in the mid-1x area." AEMETIS INC: Board OKs $80MM Common Stock Repurchase Program ------------------------------------------------------------ Aemetis, Inc. disclosed in a regulatory filing that on January 22, 2026, the Board of Directors authorized a Share Repurchase Program under which the Company may repurchase up to $80 million of its outstanding common stock. Under the Repurchase Program, share repurchases may be made from time to time in the open market, through privately negotiated transactions, or otherwise, in accordance with Delaware law and applicable securities laws and regulations, including Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The Repurchase Program does not have a specified expiration date and does not obligate the Company to acquire any particular amount or number of shares of common stock. The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, capital availability, general business and market conditions, and alternative investment opportunities. The Repurchase Program may be modified, suspended, or discontinued by the Board at any time without prior notice. About Aemetis Inc. Founded in 2006 and headquartered in Cupertino, California, Aemetis, Inc. -- www.aemetis.com -- is an international renewable natural gas, and renewable fuels company focused on the operation, acquisition, development and commercialization of innovative low and negative carbon intensity products and technologies that replace traditional fossil fuel products. The Company operates in three reportable segments consisting of "California Ethanol," "California Dairy Renewable Natural Gas," and "India Biodiesel." The Company's mission is to create sustainable and innovative renewable fuel solutions that benefit communities and restore the environment. The Company achieves this by establishing a local, circular bioeconomy that utilizes agricultural products and waste to produce low-carbon, advanced renewable fuels that reduce greenhouse gas (GHG) emissions and enhance air quality by replacing traditional fossil fuel products. The auditor's report dated March 14, 2025, issued by RSM US LLP in the Company's Annual Report for the year ended December 31, 2024, raised additional concerns, with the auditor issuing a "going concern" qualification. The report highlighted that the Company has suffered recurring losses from operations and has a net capital deficiency, casting substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, Aemetis reported $241.1 million in total assets, $343.4 million in total current liabilities, $202.6 million in total long-term liabilities, and a total stockholders' deficit of $304.9 million. AEMETIS INC: OKs $350K Annual Guarantee Fee for McAfee Capital -------------------------------------------------------------- Aemetis, Inc. disclosed in a regulatory filing that on January 22, 2026, the Governance, Compensation and Nominating Committee approved discretionary cash bonuses for the following executive officers in recognition of their leadership and performance during the prior year: * Eric A. McAfee, Chairman and Chief Executive Officer, $200,000; * Todd A. Waltz, Executive Vice President and Chief Financial Officer, $125,000; * Andrew B. Foster, Executive Vice President, North America, $125,000; * J. Michael Rockett, Executive Vice President, General Counsel and Corporate Secretary, $125,000; and * Sanjeev Gupta, Executive Vice President, International, $50,000. Furthermore, the Committee of the Board of Directors approved the annual payment of a guarantee fee in the amount of $350,000 to McAfee Capital LLC, an entity 100% owned and controlled by Eric A. McAfee. The fee is paid in consideration of personal guarantees provided by Mr. McAfee and his affiliated entity with respect to certain of the Company's outstanding credit facilities and debt obligations. The Committee determined that the continued provision of such guarantees provides a material benefit to the Company by supporting its financing arrangements. This arrangement is consistent with the Company's historical practice of providing such guarantee fees on an annual basis. About Aemetis Inc. Founded in 2006 and headquartered in Cupertino, California, Aemetis, Inc. -- www.aemetis.com -- is an international renewable natural gas, and renewable fuels company focused on the operation, acquisition, development and commercialization of innovative low and negative carbon intensity products and technologies that replace traditional fossil fuel products. The Company operates in three reportable segments consisting of "California Ethanol," "California Dairy Renewable Natural Gas," and "India Biodiesel." The Company's mission is to create sustainable and innovative renewable fuel solutions that benefit communities and restore the environment. The Company achieves this by establishing a local, circular bioeconomy that utilizes agricultural products and waste to produce low-carbon, advanced renewable fuels that reduce greenhouse gas (GHG) emissions and enhance air quality by replacing traditional fossil fuel products. The auditor's report dated March 14, 2025, issued by RSM US LLP in the Company's Annual Report for the year ended December 31, 2024, raised additional concerns, with the auditor issuing a "going concern" qualification. The report highlighted that the Company has suffered recurring losses from operations and has a net capital deficiency, casting substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, Aemetis reported $241.1 million in total assets, $343.4 million in total current liabilities, $202.6 million in total long-term liabilities, and a total stockholders' deficit of $304.9 million. AI ERA CORP: Secures $100,000 Net Proceeds in Private Note Offering ------------------------------------------------------------------- AI Era Corp. disclosed in a regulatory filing that on January 22, 2026, it entered into two separate Securities Purchase Agreements with accredited investors, pursuant to which the Company issued two Convertible Promissory Notes in the aggregate principal amount of $107,000.00. The transactions closed on the same day, with net proceeds to the Company of $100,000.00 after fees and expenses. First Securities Purchase Agreement: Under the first SPA with Vanquish Funding Group Inc., the Company issued a Note in the principal amount of $57,000.00 for a purchase price of $57,000.00 (with no original issue discount). The Note bears interest at a rate of 10% per annum, matures on October 15, 2026, and is convertible into shares of the Company's common stock, par value $0.001 per share, beginning 180 days after issuance, at a conversion price equal to 80% of the lowest trading price of the Common Stock during the 20 trading days prior to conversion, subject to certain adjustments and a 4.99% beneficial ownership limitation. The Note includes standard events of default, upon which the outstanding balance may become immediately due and payable at 150% or 200% of the default amount (depending on the event), plus penalties. Prepayment is permitted within the first 180 days at 120% of the outstanding balance. The Company also executed ancillary documents, including an irrevocable transfer agent instruction letter, officer's certificate, and corporate resolution. From the proceeds, $50,000.00 was disbursed to the Company, $2,500.00 to Naidich Wurman LLP for legal fees, and $4,500.00 retained by Vanquish for due diligence fees. Second Securities Purchase Agreement: Under the second SPA with Boot Capital LLC, the Company issued a Note in the principal amount of $50,000.00 for a purchase price of $50,000.00 (with no original issue discount). The terms of this Note are substantially identical to the Vanquish Note, including the interest rate, maturity date, conversion terms, default provisions, and prepayment rights. The Company executed similar ancillary documents. The full $50,000.00 was disbursed to the Company. The Notes were issued in private transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. The proceeds will be used for general working capital purposes. The SPAs provide for potential additional tranches up to $865,000.00 over the next 12 months, subject to mutual agreement. Full text copies of the SPAs and Notes are available at https://tinyurl.com/f6a9fx6v, https://tinyurl.com/9s4zzejd, https://tinyurl.com/3frwckf5, https://tinyurl.com/57xk83cs. About AI Era Corp. AI Era Corp, formerly AB International Group Corp., is an intellectual property (IP) and movie investment and licensing firm, focused on the acquisitions and development of various intellectual property. It is engaged in the acquisition and distribution of movies and television (TV) shows. The Company's segments include Copyrights and license (IP) segment and Cinema segment. It is also engaged in providing technical services; running its physical movie theater in New York and providing marketing and consulting services in the media industry. It has the ownership and copyright of the Non-Fungible Token (NFT) MMM platform, including the APP NFT MMM, and the Website: starestnet.io. The Company is focused on artificial intelligence technologies in media production and distribution, through its wholly owned subsidiary, AI+ Hubs Corp. AI+ Hubs Corp is primarily engaged in the acquisition, distribution, and licensing of copyrights for movies, television series, and short-form drama series. As of November 30, 2025, the Company had $6.2 million in total assets, $2.7 million in total liabilities, and a total stockholders' equity of $3.5 million. As of November 30, 2025, the Company had limited cash, an accumulated deficit of approximately $10 million and a working capital deficit of approximately $2.6 million. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing and achieving operating profits. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. AINOS INC: Subsidiary ScentAI Discloses 16.5% Equity Stake ---------------------------------------------------------- ScentAI Inc., a wholly owned subsidiary, disclosed in a Schedule 13D filed with the U.S. Securities and Exchange Commission that as of December 30, 2025, it beneficially owns 1,160,000 shares of common stock -- issued in exchange for 116,000,000 shares of ScentAI Inc.'s common stock of Ainos, Inc.'s common stock, par value $0.01 per share, representing 16.50% of the 4,812,634 shares outstanding as of November 13, 2025, plus subsequent issuances including 950,000 vested special stock awards, 19,531 service fee shares, 87,816 at-the-market offering shares from December 5, 2025 to January 26, 2026, and the 1,160,000 shares issued on December 30, 2025. ScentAI Inc. may be reached through: Chun-Hsien Tsai, Chief Executive Officer and Director 14F., No. 61, Sec. 4, New Taipei Boulevard, Xinzhuang District New Taipei City, Taiwan 242 Tel: 886-37-581999 A full-text copy of ScentAI Inc.'s SEC report is available at: https://tinyurl.com/nzh55h2r About Ainos Ainos, Inc. -- https://www.ainos.com/ -- is an artificial intelligence and healthcare company focused on the commercialization of proprietary scent digitization technology, AI-powered sensing solutions, point-of-care testing, and low-dose oral interferon therapeutics. The Company has incurred net operating losses since inception and has an accumulated deficit as of September 30, 2025 of $63,052,030 and expects to incur additional losses and negative operating cash flows for at least the next 12 months. The Company's ability to meet its obligations is dependent upon its ability to generate sufficient cash flows from operations and future financing transactions. Although management expects the Company will continue as a going concern, there is no assurance that management's plans will be successful since the availability and amount of such funding is not certain. Accordingly, substantial doubt exists about the Company's ability to continue as a going concern for at least 12 months. As of September 30, 2025, the Company had $22,679,340 in total assets, $212,634,391 in total liabilities, and $10,044,949 in total stockholders' equity. AIR INDUSTRIES: Star Equity Entities Hold 1.8% Equity Stake ----------------------------------------------------------- Star Equity Holdings, Inc., Star Operating Companies, Inc., Star Equity Fund, LP, Star Equity Fund GP, LLC, Star Investment Management, LLC, Star Value Investments, LLC, and Jeffrey E. Eberwein, disclosed in a Schedule 13D (Amendment No. 12) filed with the U.S. Securities and Exchange Commission that as of January 21, 2026, they beneficially own 85,000 shares of common stock (directly held by Star Equity Fund, LP; Star Equity Holdings, Inc. and its subsidiaries may be deemed beneficial owners through control relationships; Jeffrey E. Eberwein holds an additional 200,000 shares directly and may be deemed beneficial owner of the Fund shares) of AIR INDUSTRIES GROUP's common stock, par value $0.001 per share, representing 1.8% of the 4,775,777 shares outstanding as of November 12, 2025, which is the total number of Shares reported outstanding in the Company's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2025. Star Equity Fund, LP may be reached through: Jeffrey E. Eberwein, Manager of General Partner 53 Forest Avenue, Suite 101 Old Greenwich, CT 06870 Tel: 203-489-9504 A full-text copy of Star Equity Fund, LP's SEC report is available at: https://tinyurl.com/9t492mmw About Air Industries Air Industries Group, headquartered in Bay Shore, New York, manufactures precision components and assemblies for the aerospace and defense industry, supplying parts such as landing gear, flight controls, and engine mounts for military and commercial aircraft as well as ground turbines. Its products are used in programs including the F-18 Hornet, E-2 Hawkeye, UH-60 Black Hawk, F-35 Lightning II, F-15 Eagle, and Airbus A220, with customers spanning U.S. and international governments and global airlines. The Company operates two manufacturing centers in the U.S. In its audit report dated April 15, 2025, Marcum LLP included a "going concern" qualification noting that the Current Credit Facility expires on Dec. 30, 2025. In addition, the Company is required to maintain a collection account with its lender into which substantially all the Company's cash receipts are remitted. If the Company's lender were to cease lending and keep the funds remitted to the collection account, the Company would lack the funds to continue its operations. The Current Credit Facility expiration date and the rights granted to the lender, combined with the reasonable possibility that the Company might fail to meet covenants in the future, raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $50.38 million in total assets, $35.11 million in total liabilities, and $15.27 million in total stockholders' equity. The Company said it remains focused on its business but may seek to raise additional capital or borrow funds on terms it considers favorable. It noted that issuing equity or convertible debt, raising interest rates on current borrowings, or offering equity to lenders in exchange for extending debt could increase interest costs and dilute existing shareholders. In addition, the Company said refinancing could require more restrictive covenants, while a loan default could lead to actions that might force it to seek court protection, and warned that financing may not be available on acceptable terms or at all. ALBERT WHITMAN: Court Extends Cash Collateral Access to Feb. 28 --------------------------------------------------------------- Albert Whitman & Company received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The court issued its ninth interim order authorizing the Debtor to use cash collateral through February 28 to pay the expenses set forth in its budget and additional amounts that Republic Business Credit, LLC approves in advance. RBC holds an interest in the Debtor's cash, which constitutes cash collateral. As of the petition date, the Debtor owed RBC at least $208,800.96 under a 2023 purchase agreement, which allows the Debtor to obtain cash to operate its business from the sale of its accounts receivable to RBC. As adequate protection, the ninth interim order authorized the Debtor to grant RBC perfected replacement liens on its pre-bankruptcy collateral and any assets acquired by the Debtor after the petition date. These replacement liens will have the same priority and extent as RBC's pre-bankruptcy lien. In case the protection granted proves to be insufficient, RBC will have an allowed claim pursuant to Section 507(b) under the Bankruptcy Code, with priority over all other claims. The next hearing is scheduled for February 24. A copy of the order and the Debtor's budget is available at https://shorturl.at/4GOfy from PacerMonitor.com. About Albert Whitman & Company Albert Whitman & Company is a 106-year-old children's book publisher based in Park Ridge, Ill. Albert Whitman & Company sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-06161) on April 22, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Jacqueline P. Cox handles the case. William J. Factor, Esq., is the Debtors legal counsel. Republic Business Credit, LLC, as secured creditor, is represented by: Michael A. Brandess, Esq. Husch Blackwell, LLP 120 South Riverside Plaza, Suite 2200 Chicago, IL 60606 Phone: 312-526-1542 michael.brandess@huschblackwell.com ALLSTAR PROPERTIES: To Sell W Elm Property to Jose G. Algria-Tovar ------------------------------------------------------------------ Allstar Properties I, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, to sell Property, free and clear of liens, claims, interests, and encumbrances The Debtor's Property is located at 217 W Elm Street, Rockmart, Polk County, Georgia. The Debtor is a Georgia limited liability company. The Debtor owns certain commercial properties that it rents to business tenants throughout the northwest corner of the State of Georgia, in Floyd, Haralson and/or Polk Counties. Where applicable, the Debtor collects rent on the Commercial Properties. The Debtor has stated an intention to sell its real property holdings in order to pay its debts including prior to the filing of a Chapter 11 plan. On October 29, 2025, the Debtor, along with its affiliates, Allstar Properties, LLC and ACH Rental Properties, LLC, retained TWW as it related to a parcel of real property located at 202 N. Marble Street, Rockmart, GA, and related to other undisclosed parcels of real property, once proper notice and an opportunity to object was provided to United States Trustee and applicable secured lenders. On December 12, 2025, Debtor's counsel provided notice to the United States Trustee and counsel for State Mutual Insurance Company, among others, that it intended to employ TTW related to the marketing and sale of 217 W. Elm Street, Rockmart, Georgia, Tax Parcel ID R12-063, as well as certain other properties. No party objected to the retention of TTW to market and sell the Property, or any other property for that matter, within the 10 day objection period. TTW proceeded to market the Property, and on February 3, 2026, ASPI, as the seller, TTW, as the broker for the Debtor, and Jose G. Algria-Tovar & JGAELC, LLC, as the purchaser, entered into that certain Commercial Purchase and Sale Agreement wherein Buyer agreed to purchase the Property including all FFE in the Property for $765,000.00. As a matter of disclosure, the Buyer is the current tenant in the Property. Further, Samson Development Group, LLC, d/b/a Harvey-Given Company, the Debtor's leasing agent, is the broker which the Buyer engaged related to the transaction. The Property secures an approximate $3,500,000 debt to State Mutual Insurance Company. TTW is to receive a 5% commission on the gross sale amount of the Property, to be paid at closing, which TTW has agreed to split with HGC 50/50. Further, real property taxes are due including: 2025 - $6,677.08 and a pro rata share of 2026 – estimated to be just over $1,100. No other closing costs, other than possible nominal amounts, are anticipated to be paid out of Debtor's portion of the sale proceeds. The net sale proceeds from the Property shall be used to satisfy the Lien. The Debtor believes that the W. Elm Proceeds constitute fair market value for the Property and will maximize value to the Estate. The Debtor asserts that, since the balance of the W. Elm Proceeds must be paid to State Mutual, notice of the closing statement, which will not be available until shortly before the projected closing date in February or March shortly after the projected hearing date, to the US Trustee and State Mutual only is necessary. About Allstar Properties LLC Allstar Properties LLC and affiliates are Georgia-based real estate companies that hold and manage property assets. The Allstar entities focus on property ownership, while ACH Rental Properties provides property management and rental services. Collectively, they operate within the real estate sector across residential and nonresidential properties in the state. Allstar Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-41314) on August 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Barbara Ellis-Monro handles the case. The Debtor is represented by Anna Humnicky, Esq. at SMALL HERRIN, LLP. ALPHA 4 LLC: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Alpha 4, LLC, according to court dockets. About Alpha 4 LLC Alpha 4, LLC is a real estate company holding a single fee simple property at 1000 Island Blvd., PH 9, Aventura, Florida, with an appraisal value of $1.98 million. Alpha 4 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-25412) on December 30, 2025. In its petition, the Debtor reports estimated assets ranging from $1 million to $10 million and estimated liabilities in the same range. Honorable Corali Lopez-Castro handles the case. The Debtor is represented by Mark S. Roher, Esq., at the Law Office of Mark S. Roher, P.A. AMC ENTERTAINMENT: FY2025 Loss Widens to $632.4 Million ------------------------------------------------------- AMC Entertainment Holdings, Inc. released preliminary results for the three months and full year ended December 31, 2025. The preliminary results are unaudited, subject to completion of the Company's financial reporting processes, based on information known by management as of the date of this press release and do not represent a comprehensive statement of our financial results for the three months and year ended December 31, 2025. AMC expects: Three Months Ended December 31, 2025 Preliminary Results * Total revenues for the three months ended December 31, 2025, to be approximately $1,288.3 million compared to $1,306.4 million for the three months ended December 31, 2024. * Net loss for the three months ended December 31, 2025, to be approximately $(127.4) million compared to a net loss of $(135.6) million for the three months ended December 31, 2024. * Adjusted EBITDA to be approximately $134.1 million for the three months ended December 31, 2025, compared to Adjusted EBITDA of $164.8 million for the three months ended December 31, 2024. * Cash and cash equivalents at December 31, 2025 to be $428.5 million, excluding restricted cash of $48.8 million. Full Year Ended December 31, 2025 Preliminary Results * Total revenues for the full year ended December 31, 2025, to be approximately $4,848.9 million compared to $4,637.2 million for the full year ended December 31, 2024. * Net loss for the full year ended December 31, 2025, to be approximately $(632.4) million compared to a net loss of $(352.6) million for the full years ended December 31, 2024. * Adjusted EBITDA to be approximately $387.5 million for the full year ended December 31, 2025, compared to Adjusted EBITDA of $343.9 million for the full year ended December 31, 2024. Full year 2025 preliminary Adjusted EBITDA of approximately $388 million was achieved in a North American industry box office of approximately $8.9 billion and European industry attendance of approximately 397 million1. AMC's results are leveraged to the industry box office in which it operates. While AMC does not provide guidance, as disclosed in the proxy statement filed with the SEC on October 24, 2025, internal modeling for the 2024 annual incentive plan assumes that for each approximately $100 million increase in the North American industry box office, the Company would expect domestic Adjusted EBITDA to increase by approximately $18 million, and for each approximately five million increase in European industry attendance, the Company would expect International Adjusted EBITDA to increase by approximately $8 million. These estimates are broadly applicable for 2025. These are merely estimates, and actual results in future years may vary depending on factors including, but not limited to, revenue and costs per patron, cost structure, relative box office performance in different geographies, and market share. Adjusted EBITDA is a non-GAAP financial measure and tables reconciling this non-GAAP financial measure to its closest respective GAAP financial measures are included in this press release. Commenting on the preliminary results, AMC Chairman and CEO Adam Aron said, "2025 marked another important step forward for both AMC and the theatrical exhibition industry. Albeit not the industry growth we anticipated, the box office improved modestly year-over-year, rising approximately 1.5%, while AMC once again outperformed, growing total revenue by 4.6% and Adjusted EBITDA by nearly 13% compared to 2024. This outperformance reflects our relentless focus on operating improvements and portfolio optimization and further demonstrates our leadership in the guest experience through world-class marketing and loyalty programs, innovative food and beverage variety and best-in-class premium large format offerings." Aron concluded, "Looking ahead, we are increasingly optimistic about 2026. Encouragingly, the first quarter box office year-to-date is already approximately 9% ahead of the same period last year, and we believe the highly anticipated film slate for the remainder of the year should drive very significant industry growth. With titles such as SPIDER-MAN: BRAND NEW DAY, AVENGERS: DOOMSDAY, MOANA, DUNE: PART THREE, and THE ODYSSEY, among many others, we believe AMC is well positioned to capture that growth through our unrivaled theatre footprint, industry leading premium formats, engaging loyalty programs, and concessions and merchandise offerings." AMC will report its full results for the three months and full year ended December 31, 2025, after the market closes on Tuesday, February 24, 2026. About AMC Entertainment AMC Entertainment Holdings, Inc., is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hotdogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. As of September 30, 2025, the Company had $8,020.7 million in total assets, $9,798.2 in total liabilities, and $1,777.5 in total stockholders' deficit. * * * In October 2025, Moody's Ratings assigned Caa2 ratings to AMC Entertainment Holdings, Inc.'s new Senior Secured First-Lien Notes due 2029 (1.5 Notes). Moody's downgraded Muvico, LLC's (Muvico) Backed Senior Secured Second-lien Notes (Existing Exchangeable Notes) rating to Caa3 from Caa2. Moody's affirmed AMC's Caa2 Corporate Family Rating and Caa2-PD Probability of Default Rating, and all other instrument ratings including the B3 on the Senior Secured First-Lien Term Loan at AMC (AMC TL) which is co-borrower with Muvico, the B3 on the Backed Senior Secured First-Lien Notes rating at Odeon Finco PLC (Odeon) (Odeon Notes), the Caa3 rating on the Senior Secured First-Lien Notes (7.5% Notes) at AMC, and the Ca rating on the Senior Subordinated Notes (Sub Notes) of AMC. AMC's Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-4. The outlook for all Companys remains stable. In July, the Company announced [1] that it entered into a Transaction Support Agreement with key creditor groups, including certain holders of its 7.5% Notes, certain holders of Muvico Existing Exchangeable Notes, and certain lenders representing AMC's TL outstanding under its existing credit agreement. In connection with the agreement, (1) Muvico issued new $194 million (now with $154 million outstanding) 6.00%/8.00% Senior Secured Second-Lien Exchangeable Notes due 2030 (New Exchangeable Notes, unrated) which have a 1.25 lien claim on Muvico assets, effectively a second lien, and (2) AMC issued the 1.5 Notes comprised of approximately $267 million of incremental new money financing and an exchange of $590 million of 7.5% Notes for a total of approximately $857 million. These lenders have a 1.5 lien on Muvico assets, effectively third claim priority behind the New Exchangeable Notes at Muvico. As a result of the transaction, the 7.5% Notes (with a pro forma debt principal amount totaling approximately $360 million), which did not participate in the exchange for the 1.5 Notes, retained existing terms and conditions (e.g. notably, no lien on Muvico assets) and therefore have lower recovery prospects relative to the New Exchangeable Notes (which have a 1.25 lien on Muvico). In addition, Moody's rank the Existing Exchangeable Notes (with approximately $108 million outstanding) that did not participate in the exchange behind the New Exchangeable Notes and the 1.5 Notes due to a change in the definition of permitted liens to allow superior liens. Moody's expects the New Exchangeable Notes to be fully extinguished in the near term (in a stock exchange) when certain conditions are met (e.g. company stock price reaches a pre-determined level and noteholders elect to exchange). AMC ENTERTAINMENT: Gains Flexibility to Refinance Odeon Debt ------------------------------------------------------------ AMC Entertainment Holdings, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that on January 29, 2026, the Company and its wholly owned subsidiary, Muvico, LLC, entered into a letter agreement with certain holders of Muvico's Senior Secured Notes due 2029, pursuant to which the Company, Muvico and the 2029 Noteholders agreed to amend the indenture governing the 2029 Notes. The amendments will, among other things, provide the Company with the flexibility to refinance its outstanding term loan credit agreement and the 12.75% Senior Secured Notes due 2027 issued by Odeon Finco PLC, a wholly-owned direct subsidiary of Odeon Cinemas Group Limited and an indirect subsidiary of the Company, with new debt that may be secured and guaranteed by the Company, OCGL and Muvico and their respective subsidiaries. Pursuant to the Letter Agreement, the parties agreed to cooperate (including cooperating with the trustee and the notes collateral agent) in good faith to memorialize and effectuate the Indenture Amendments as soon as reasonably practicable, and in any event, no later than February 23, 2026. In consideration for the 2029 Noteholders' agreement to the Indenture Amendments, AMC will pay the 2029 Noteholders a maximum fee of up to 17,806,866 shares, subject to a reduction depending on the trading price of the AMC common stock for a period following the date of the Letter Agreement. Commenting on the lender agreement, AMC Chairman and CEO Adam Aron said, "Thanks to the ongoing support of our lenders, we have enhanced our flexibility to streamline and simplify our capital structure, reduce our cost of capital, improve our liquidity and efficiently address upcoming debt maturities. We remain resolute in our ongoing pursuit of strengthening our balance sheet and this collaborative agreement with our supportive noteholders is yet another step to ensure that AMC is best positioned to capitalize on the industry's anticipated recovery trajectory." A full text copy of the Letter Agreement is available at https://tinyurl.com/3pn4nuuc About AMC Entertainment AMC Entertainment Holdings, Inc., is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hotdogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. As of September 30, 2025, the Company had $8,020.7 million in total assets, $9,798.2 in total liabilities, and $1,777.5 in total stockholders' deficit. * * * In October 2025, Moody's Ratings assigned Caa2 ratings to AMC Entertainment Holdings, Inc.'s new Senior Secured First-Lien Notes due 2029 (1.5 Notes). Moody's downgraded Muvico, LLC's (Muvico) Backed Senior Secured Second-lien Notes (Existing Exchangeable Notes) rating to Caa3 from Caa2. Moody's affirmed AMC's Caa2 Corporate Family Rating and Caa2-PD Probability of Default Rating, and all other instrument ratings including the B3 on the Senior Secured First-Lien Term Loan at AMC (AMC TL) which is co-borrower with Muvico, the B3 on the Backed Senior Secured First-Lien Notes rating at Odeon Finco PLC (Odeon) (Odeon Notes), the Caa3 rating on the Senior Secured First-Lien Notes (7.5% Notes) at AMC, and the Ca rating on the Senior Subordinated Notes (Sub Notes) of AMC. AMC's Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-4. The outlook for all Companys remains stable. In July, the Company announced [1] that it entered into a Transaction Support Agreement with key creditor groups, including certain holders of its 7.5% Notes, certain holders of Muvico Existing Exchangeable Notes, and certain lenders representing AMC's TL outstanding under its existing credit agreement. In connection with the agreement, (1) Muvico issued new $194 million (now with $154 million outstanding) 6.00%/8.00% Senior Secured Second-Lien Exchangeable Notes due 2030 (New Exchangeable Notes, unrated) which have a 1.25 lien claim on Muvico assets, effectively a second lien, and (2) AMC issued the 1.5 Notes comprised of approximately $267 million of incremental new money financing and an exchange of $590 million of 7.5% Notes for a total of approximately $857 million. These lenders have a 1.5 lien on Muvico assets, effectively third claim priority behind the New Exchangeable Notes at Muvico. As a result of the transaction, the 7.5% Notes (with a pro forma debt principal amount totaling approximately $360 million), which did not participate in the exchange for the 1.5 Notes, retained existing terms and conditions (e.g. notably, no lien on Muvico assets) and therefore have lower recovery prospects relative to the New Exchangeable Notes (which have a 1.25 lien on Muvico). In addition, Moody's rank the Existing Exchangeable Notes (with approximately $108 million outstanding) that did not participate in the exchange behind the New Exchangeable Notes and the 1.5 Notes due to a change in the definition of permitted liens to allow superior liens. Moody's expects the New Exchangeable Notes to be fully extinguished in the near term (in a stock exchange) when certain conditions are met (e.g. company stock price reaches a pre-determined level and noteholders elect to exchange). AMERICAN SIGNATURE: FBT Gibbons Represents Creditors WPG, Tempur ---------------------------------------------------------------- In the Chapter 11 bankruptcy cases of American Signature, Inc. and its debtor-affiliates, FBT Gibbons LLP filed with the United States Bankruptcy Court for the District of Delaware a Verified Statement pursuant to Bankruptcy Rule 2019 to disclose that the firm serves as counsel to WPG Legacy, LLC, Tempur World, LLC, and Sir Barton Place, LLC. According to the Verified Statement: 1. The names and addresses of the parties represented by FBT in the Chapter 11 cases are: a. WPG Legacy, LLC 4900 East Dublin Granville Road, 4th Floor Columbus, OH 43081 b. Tempur World, LLC 1000 Tempur Way Lexington, KY 40511 c. Sir Barton Place, LLC 2517 Sir Barton Way, Suite 210 Lexington, KY 40509 2. The nature and amount of disclosable economic interest of each creditor, equity security holder, and party in interest represented by FBT, are: a. WPG is a creditor in these chapter 11 cases and the managing agent for certain landlords of the Debtors. WPG holds claims against the Debtors in an unknown amount, including, but not limited to, all amounts due and owing under the lease between WPG and the Debtors, plus any rejection damages and/or administrative priority claims for unpaid post-petition rent and other charges. b. Tempur is a creditor in these chapter 11 cases and a vendor of one or more of the Debtors. Tempur holds a claim against one or more of the Debtors in unknown amounts that are entitled to priority under section 503(b)(9) of the Bankruptcy Code, plus any administrative priority claims for unpaid post-petition charges and any other claims between Tempur and the Debtors. c. SBP is a creditor in these chapter 11 cases and landlord of the Debtors. SBP holds claims against the Debtors in an unknown amount, including, but not limited to, all amounts due and owing under the lease between SBP and the Debtors, plus any rejection damages and/or administrative priority claims for unpaid post-petition rent and other charges. 3. WPG, Tempur, and SBP have each requested that FBT represent them and their interests in connection with these Chapter 11 cases. 4. Upon information and belief, FBT does not hold any claim against or equity interest in the Debtors. 5. FBT reserves the right to revise and supplement this Verified Statement. Counsel for WPG Legacy, LLC, Tempur World, LLC, and Sir Barton Place, LLC may be reached at: Katharina Earle, Esq. Christopher Viceconte, Esq. FBT GIBBONS LLP 300 Delaware Avenue, Suite 1015 Wilmington, DE 19801-1671 Tel: (302) 518-6300 Fax: (302) 429-6294 Email: kearle@fbtgibbons.com cviceconte@fbtgibbons.com - and - Ronald E. Gold, Esq. Erin P. Severini, Esq. Joy D. Kleisinger, Esq. FBT GIBBONS LLP 3300 Great American Tower 301 East Fourth Street Cincinnati, OH 45202 Tel: (513) 651-6800 Fax: (513) 651-6981 Email: rgold@fbtgibbons.com eseverini@fbtgibbons.com jkleisinger@fbtgibbons.com - and - Adam R. Kegley, Esq. FBT GIBBONS LLP 325 West Main Street, Suite 301 Lexington, KY 40507 Tel: (859) 244-3243 Email: akegley@fbtgibbons.com - and - Mark A. Platt, Esq. FBT GIBBONS LLP Rosewood Court 2101 Cedar Springs Road, Suite 900 Dallas, Texas 75201 Telephone: (214) 580-5852 E-mail: mplatt@fbtgibbons.com About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands, and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature and eight of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12105 (JKS) on November 22, 2025. In their petition, the Debtors estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Rudy Morando as chief restructuring officer. Judge J. Kate Stickles presides over the cases. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP represent the Debtors as legal counsel. Berkeley Research Group, LLC, serves as a restructuring advisor to the Debtors, SSG Capital Advisors LLC serves as investment banker, and Kurtzman Carson Consultants LLC dba Verbita Global is claims and noticing agent to the Debtors. APPLIANCE PRO: Seeks Subchapter V Bankruptcy in South Carolina -------------------------------------------------------------- Appliance Pro, LLC, commenced a voluntary Chapter 11 bankruptcy case on January 12, 2026, in the District of South Carolina Bankruptcy Court. Court records indicate the Debtor lists liabilities between $100,001 and $1,000,000, with 1 to 49 creditors. About Appliance Pro LLC Appliance Pro, LLC is an appliance service provider offering installation, repair, and related technical support services. Appliance Pro, LLC filed a petition under Chapter 11, Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D.S.C. Case No. 26-00132) on January 12, 2026, with $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. Judge Elisabetta Gm Gasparini presides over the case. William Harrison Penn, Esq., at Penn Law Firm, LLC represents the Debtor as bankruptcy counsel. ARCANUM VENTURES: Gets Final OK to Use Cash Collateral ------------------------------------------------------ Arcanum Ventures, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral effective immediately in accordance with an approved budget covering January through June. The order remains effective until further court action. As adequate protection, the U.S. Small Business Administration, to the extent it holds valid pre-bankruptcy rights, will be granted an automatically perfected post-petition replacement lien on property acquired after the petition date that is similar to its pre-bankruptcy collateral. This replacement lien does not apply to proceeds of avoidance actions under Chapter 5. The order authorized the Debtor to pay Leon Jones, the court-appointed Subchapter V trustee, budgeted deposits earmarked for payment of any compensation awarded to the trustee. All parties' rights regarding lien validity and claim objections are reserved. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/N8dPY from PacerMonitor.com. About Arcanum Ventures LLC Arcanum Ventures, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64443) on December 10, 2025. In the petition signed by Robin Kosoris, member, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge James R. Sacca oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. AYURCANN HOLDINGS: Obtains CCAA Creditor Protection to Restructure ------------------------------------------------------------------ Ayurcann Holdings Corp. announced on Jan. 30, 2026, that Company and its subsidiary Ayurcann Inc. have been granted creditor protection under the Companies' Creditors Arrangement Act pursuant to an order of the Ontario Superior Court of Justice (Commercial List). Pursuant to the Initial Order, the Court has appointed Alvarez & Marsal Canada Inc. as the monitor of the Applicants to oversee the CCAA Proceedings. After careful consideration of all reasonably available alternatives, the board of directors of each member of the Ayurcann Group determined that it was in the best interest of the Ayurcann Group and its stakeholders to seek creditor protection under the CCAA. The Initial Order provides for, among other things, a stay of creditor claims and proceedings in favour of the Applicants for an initial period of 10 days, subject to extension thereafter as the Court deems appropriate. The CCAA Proceedings and the stay of proceedings will provide the Ayurcann Group with the time and stability required to continue operating in the ordinary course while considering potential restructuring alternatives with a view to maximizing value for the benefit of its creditors and other stakeholders. In that regard, the Ayurcann Group intends to seek Court approval to launch a sale process for their business and assets as part of the CCAA Proceedings. The Sale Process is expected to be administered by the Ayurcann Group and the Monitor. Additional details in respect of the Sale Process will be disclosed on the Monitor's Website in the course of the CCAA Proceedings. The business operations of the Ayurcann Group are not anticipated to be interrupted as a result of the CCAA Proceedings. It is expected that the Ayurcann Group will emerge from creditor protection as a stronger company with a healthier balance sheet. To help fund the CCAA Proceedings, the Ayurcann Group intends to seek approval of debtor-in-possession financing at a subsequent hearing. Trading of Ayurcann's common shares on the Canadian Securities Exchange may be halted for a period of time and, as a result of having filed for protection under the CCAA, Ayurcann may be suspended or delisted by the CSE. A copy of the Initial Order and additional information regarding the CCAA Proceedings -- including all of the Court materials filed in the CCAA Proceedings -- may be found at the Monitor's website: www.alvarezandmarsal.com/Ayurcann About Ayurcann Holdings Corp. Ayurcann is a cannabis licenced producer concentrating on the recreational market in Canada with proprietary products and formulations including Vape Carts, Pre-rolls, Concentrates and Extracts. BARROW SHAVER: Munsch Hardt Represents Mineral Lien Claimants ------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Barrow Shaver Resources Company LLC and its debtor-affiliates, (i) BMW Investments, LP; (ii) Genesis Endeavors, LLC; (iii) Strong Services, LP; (iv) 78HT LLC; (v) Dixon Services, Inc.; and (vi) L. Dixon Invest, filed with the United States Bankruptcy Court for the Southern District of Texas, Houston Division, a Verified Statement pursuant to Federal Rule of Bankruptcy Procedure 2019. According to the Verified Statement: 1. Munsch Hardt Kopf & Harr, PC represents each of the Parties, on an individual basis, in each of their capacities as working interest owners, creditors, and/or mineral lien claimants and oilfield service providers in connection with the bankruptcy case of Barrow Shaver Resources Company, LLC. 2. Munsch Hardt does not represent or purport to represent any other entities in connection with this Bankruptcy Case. Munsch Hardt does not represent the Parties as a "committee" and does not undertake to represent the interests of, and are not fiduciaries for, any creditor, party-in-interest, or other entity that has not signed an engagement letter with Munsch Hardt. 3. Upon information and belief formed after due inquiry, Munsch Hardt does not have any disclosable economic interests in relation to the Debtor or this Bankruptcy Case. 4. The provided information is based on Munsch Hardt by the Parties and is intended only to comply with Bankruptcy Rule 2019 and not for any other purpose. 5. Nothing should be construed as an admission that the requirements of Bankruptcy Rule 2019 shall apply to Munsch Hardt's representation of the Parties. 6. Nothing contained in this Verified Statement is intended or shall be construed to constitute: (i) a waiver or release of the rights of any of the Parties to have any final order entered by, or other exercise of the judicial power of the United States performed by, an Article III court; (ii) a waiver or release of the rights of any of the Parties to have any and all final orders in any and all non-core matters entered only after de novo review by a United States District Judge; (iii) consent to the jurisdiction of the Court over any matter; (iv) an election of remedy; (v) a waiver or release of any rights that any of the Parties may have to a jury trial; (vi) a waiver or release of the right to move to withdraw the reference with respect to any matter or proceeding that may be commenced in this Bankruptcy Case against or otherwise involving any of the Parties; or (vii) a waiver or release of any other rights, claims, actions, defenses, setoffs, or recoupments to which any of the Parties are or may be entitled under the terms of their leases, in law or in equity, applicable law, or under any agreement or otherwise, with all such rights, claims, actions, defenses, setoffs, or recoupments being expressly reserved in all respects. 8. The Parties reserve the right to amend or supplement this Verified Statement at any time in the future. The names and addresses of each of the Parties, together with the nature and amount of the disclosable economic interests held by each of them in relation to the Debtor, are: 1. BMW Investments, LP P.O. Box 10148 Longview, TX 75608 Working Interest Owner Creditor's economic interest is presently unliquidated 2. Genesis Endeavors, LLC P.O. Box 10148 Longview, TX 75608 Mineral Lien Claimant and Service Provider Creditor's economic interest is not less than $6,834,984.79 3. Strong Services, LP P.O. Box 10148 Longview, TX 75608 Mineral Lien Claimant and Service Provider Creditors' economic interest is not less than $831,895.35 4. 78HT LLC 100 Crescent Court, Suite 400 Dallas, TX 75201 Working Interest Owner Creditor's economic interest is presently unliquidated 5. Dixon Services, Inc. P.O. Box 6602 Tyler, Texas 75711 Mineral Lien Claimant and Service Provider Creditors' economic interest is not less than $1,733,460.38 6.L. Dixon Investments, Ltd. P.O. Box 6602 Tyler, TX 75711 Working Interest Owner Creditor's economic interest is presently unliquidated Counsel for BMW Investments, LP; Genesis Endeavors, LLC; Strong Services, LP; 78HT LLC; Dixon Services, Inc.; and L. Dixon Investments, Ltd. May be reached at: Kevin M. Lippman, Esq. Garrick C. Smith, Esq. MUNSCH HARDT KOPF & HARR, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201-6659 Tel: (214) 855-7500 Email: klippman@munsch.com About Barrow Shaver Resources Company LLC Barrow Shaver Resources Company, LLC is a privately held, independent oil and gas exploration and acquisition company based in Tyler, Texas. Barrow Shaver is engaged in prospect generation, producing properties acquisition, lease acquisition, assembly and marketing of prospects for the exploration and development of oil and natural gas in the prolific producing trends of the East Texas and West Texas Basins. Barrow Shaver Resources Company sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-33353) on Aug. 19, 2024. In the petition signed by James Katchadurian, chief restructuring officer, the Debtor disclosed up to $100 million in both assets and liabilities. Judge Alfredo R. Perez oversees the case. The Debtor tapped Jones Walker LLP as counsel, CR3 Partners, LLC as financial advisor, and Kroll Restructuring Administration, LLC as claims, noticing, and solicitation agent. BEELINE HOLDINGS: To Host Q4 2025 Stakeholder Call on March 30 -------------------------------------------------------------- Beeline Holdings, Inc. will host a stakeholder update call on the results of the fourth quarter of 2025 on Monday, March 30, 2026, at 5:00 PM ET. The call will be hosted by Nick Liuzza, Chief Executive Officer, and Chris Moe, Chief Financial Officer, who will review the company's performance and provide updates on ongoing initiatives. Call Details: * Listen-only webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=diNswjk3 * Toll-Free Dial-In (U.S.): 877-317-6789 * International Dial-In: 412-317-6789 About Beeline Holdings Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, Al-powered platform, Beeline delivers a faster, smarter path to home loans-whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The Company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions. Boca Raton, Florida-based Salberg & Company, P.A., the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has incurred recurring losses and negative cash flows from operations since its inception, has a significant working capital deficit, and is dependent on debt and equity financing. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $63.2 million in total assets, $11.4 million in total liabilities, and $51.7 million in total equity. BLIZE HEALTHCARE: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Blize Healthcare California Inc. got the green light from the U.S. Bankruptcy Court for the Northern District of California, Oakland Division, to use cash collateral. The court issued an interim order authorizing the Debtor to use cash collateral to fund operations through April 17. As interim protection, the order provides that secured creditors' pre-bankruptcy liens on cash collateral shall attach to receivables collected from the petition date through April 17. A final hearing is scheduled for April 15. The interim order is available at https://is.gd/qDnbqE from PacerMonitor.com. The U.S. Small Business Administration is the sole secured creditor affected by the use of cash collateral, holding an estimated claim of $2,128,661 secured by a UCC filing from August 2, 2021. Blize commenced its Chapter 11 case on December 18, 2025, and operates a healthcare business providing home health care, hospice services, and private-duty homecare to seniors and patients recovering from illness, surgery, or managing chronic conditions such as Parkinson's or Alzheimer's disease. It continues operating as a debtor in possession. About Blize Healthcare California Inc. Blize Healthcare California Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-42377) on December 23, 2025, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. The petition was signed by Ukeje Elendu as chief executive officer. Judge William J. Lafferty oversees the case. The Debtor is represented by: Michael Jay Berger, Esq. Law Offices Of Michael Jay Berger Email: michael.berger@bankruptcypower.com BLOCK COMMUNICATIONS: S&P Rates New $450MM Sr. Secured Notes 'B' ---------------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '3' recovery rating to U.S. cable provider Block Communications Inc.'s proposed $450 million senior secured notes. The '3' recovery indicates its expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a payment default. Block plans to use the proceeds from these notes, along with revolver borrowings, to redeem its $300 million unsecured notes due 2028 and repay the remaining $165 million balance on its term loan B due 2027, which will favorably extend its debt maturity profile. S&P said, "Our 'B' issuer credit rating and negative outlook on the company are unchanged. We believe the issuance could lead to incremental interest expense of $5 million-$10 million in 2026 and $15 million-$20 million in 2027. However, we believe Block will recognize about $7 million of annual savings following the shutdown of the Pittsburgh Post Gazette (announced January 2026), which will partially offset the higher interest expense stemming from the proposed refinancing, resulting in near breakeven free operating cash flow (FOCF) this year. Over the longer term, we project Block's FOCF could become constrained if it is unable to stabilize the operating trends in its cable segment." ISSUE RATINGS--RECOVERY ANALYSIS Key analytical factors S&P said, "Our simulated default contemplates accelerating pay-TV subscriber losses from streaming alternatives and declining broadband revenue from increased competition by fixed wireless alternatives. "We apply a 5.5x multiple to our emergence EBITDA estimate, which is on the lower end of the 5.0x-6.5x range we typically ascribe to cable operators because the company derives roughly 10% of its EBITDA (pro forma the broadcast sale) from its telecom segment. In our simulated default, we assume the publishing segment will be shut down in bankruptcy. We also assume underfunded pension claims will result in sizeable unsecured claims in our recovery analysis. We modestly lowered our gross enterprise valuation to about $340 million, from about $355 million, to account for the sale of the company's broadcast business, which we expect will close in the first half of 2026. "Other default assumptions include an 85% draw on the new $75 million super-priority revolving credit facility, SOFR of 2.5%, and all debt includes six months of prepetition interest." Simulated default assumptions -- Default year: 2029 -- EBITDA at emergence: $62 million -- EBITDA multiple: 5.5x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $324 million -- Value available to secured creditors: $258 million -- Secured claims: $470 million --Recovery expectations: 50%-70% (rounded estimate: 50%) BOY SCOUTS: Trust Gets OK to Continue Insurance Litigation ---------------------------------------------------------- Alex Wolf of Bloomberg Law reports that a federal judge in the Northern District of Texas has rejected efforts to derail or relocate the Boy Scouts of America settlement trust's insurance coverage lawsuit, allowing litigation to proceed in that forum against 83 carriers that did not settle during the bankruptcy process. The case concerns whether those insurers must contribute to a massive fund compensating survivors of sexual abuse. Judge Karen Gren Scholer denied motions to dismiss the complaint or transfer it to an Illinois court tied to earlier Boy Scouts coverage litigation, finding that the Texas federal court is a suitable and convenient venue for resolving the complex contractual disputes now before it, according to report. The ruling is a win for the settlement trust as it attempts to collect from non-settling insurers that, according to trust filings, have been billed roughly $7 billion for abuse-related liabilities but have so far declined to fulfill those obligations. The case remains a central mechanism for enforcing coverage rights and potentially increasing available funds for survivor payouts, the report cites. About Boy Scouts of America The Boy Scouts of America -- https://www.scouting.org/ -- is a federally chartered non-profit corporation under title 36 of the United States Code. Founded in 1910 and chartered by an act of Congress in 1916, the BSA's mission is to train youth in responsible citizenship, character development, and self-reliance through participation in a wide range of outdoor activities, educational programs, and, at older age levels, career-oriented programs in partnership with community organizations. Its national headquarters is located in Irving, Texas. The Boy Scouts of America and affiliate Delaware BSA, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on Feb. 18, 2020, to deal with sexual abuse claims. Boy Scouts of America was estimated to have $1 billion to $10 billion in assets and at least $500 million in liabilities as of the bankruptcy filing. The Debtors have tapped Sidley Austin LLP as their bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel, and Alvarez & Marsal North America, LLC, as financial advisor. Omni Agent Solutions is the claims agent. The U.S. Trustee for Region 3 appointed a tort claimants' committee and an unsecured creditors' committee on March 5, 2020. The tort claimants' committee is represented by Pachulski Stang Ziehl & Jones, LLP, while the unsecured creditors' committee is represented by Kramer Levin Naftalis & Frankel, LLP. The Debtors obtained confirmation of their Third Modified Fifth Amended Chapter 11 Plan of Reorganization (with Technical Modifications) on September 8, 2022. The Order was affirmed on March 28, 2023. The Plan was declared effective on April 19, 2023. The Hon. Barbara J. House (Ret.) has been appointed as trustee of the BSA Settlement Trust. BRC GROUP: Prelim FY2025 Net Income Expected at $279.9 Million -------------------------------------------------------------- BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) provided its fourth quarter and full year 2025 preliminary financial estimates for the period ended December 31, 2025. Fourth Quarter 2025 Highlights * Strong fourth quarter 2025 preliminary financial estimates were driven by a mix of investment appreciation and consistent performance from the Capital Markets, Wealth, and Communications segments. * Net Debt(3) estimated to decline in the fourth quarter 2025 between $72 million and $94 million, and in the full year 2025 between $433 million and $455 million, achieved through asset sales, investment appreciation, cash flow from operations, bond exchanges and purchases. * On January 27, 2026, received Nasdaq compliance letter indicating that compliance with the Periodic Filing Rule has been regained. Financial reporting brought current by filing three Form 10-Qs for Q1, Q2 & Q3 2025 between November 2025 and January 2026. Bryant Riley, Chairman and Co-Chief Executive Officer of BRC, commented: "Our strong fourth quarter and full year 2025 preliminary financial estimates demonstrate the broad economic contribution produced by our diverse platform of operating companies and investment holdings. The success achieved in 2025 is the result of executing a complex strategy focused on repositioning our balance sheet and operating platform in the first half of the year and delivering strong operating performance in the second half of the year, which has positioned us for 2026 and beyond. The groundwork laid last year also provides a path towards lowering operating costs, including elevated professional fees booked in 2025. "Net Debt is expected to range from $609 million and $631 million at December 31, 2025, compared to peak Net Debt of $1.39 billion at September 30, 2024. "The strength of our company has always been our people, their agility, and their determination to serve our clients and shareholders – and 2025 demonstrated it. We look forward to sharing our 2025 annual audited results in March." BRC Fourth Quarter 2025 Preliminary Unaudited Estimates Summary * Net income available to common shareholders is expected to range from $60 million to $65.4 million, compared to $0.9 million in the fourth quarter 2024. * Revenues are expected to range from $271 million to $282.5 million, compared to $178.6 million in the fourth quarter 2024. * Adjusted EBITDA(1) is expected to range from $98.9 million to $109.4 million, compared to a loss of $(113.8) million in the fourth quarter 2024. * Operating Adjusted EBITDA(2) is expected to range from $18 million to $21 million, compared to $15.2 million in the fourth quarter 2024. * Total debt is estimated to be $1.4 billion, with Net Debt expected to range from $609 million and $631 million as of December 31, 2025, compared to $1.77 billion and $1.06 billion, respectively, as of December 31, 2024. * Cash, cash equivalents, and restricted cash are estimated to be $229 million as of December 31, 2025, compared to $247.3 million as of December 31, 2024. * Securities and other investments owned is expected to range from $443 million and $463 million as of December 31, 2025, compared to $282.3 million as of December 31, 2024. Total Investments(4) are expected to range from $514 million and $536 million as of December 31, 2025, compared to $432.6 million as of December 31, 2024. * Basic and diluted earnings per common share (EPS) are expected to range from $1.96 and $2.14, compared to $0.03 in the fourth quarter 2024. BRC Full Year 2025 Preliminary Unaudited Estimates Summary * Net income available to common shareholders is expected to range from $274.5 million to $279.9 million, compared to a loss of $(772.3) million in the full year 2024. * Revenues are expected to range from $960.2 million to $971.7 million, compared to $746.4 million in the full year 2024. * Adjusted EBITDA is expected to range from $225.8 million to $236.3 million, compared to a loss of $(568.3) million in the full year 2024. * Operating Adjusted EBITDA is expected to range from $109.6 million to $112.6 million, compared to $100.9 million in the full year 2024. * Basic and diluted earnings per common share (EPS) are expected to range from $8.98 and $9.16, compared to a loss of $(25.46) in the full year 2024 Footnotes: (1) Adjusted EBITDA includes earnings from continuing operations before interest, taxes, depreciation, amortization, restructuring charge, share-based payments, gain or loss on extinguishment of debt, gain on bargain purchase, gain on sale and deconsolidation of businesses, gain on senior note exchange, impairment of goodwill and tradenames, and transaction related and other costs. (2) Operating Adjusted EBITDA is defined as Adjusted EBITDA excluding (i) trading gains (losses), net, net of (a) fixed income and variable rate transaction spread, (ii) fair value adjustments on loans, (iii) realized and unrealized gains (losses) on investments net of variable rate transaction spread, and (iv) other investment-related expenses. (3) Net Debt is defined as the sum of (a) term loans, net, (b) senior notes payable, net, (c) revolving credit facility, and (d) notes payable, net of (i) cash and cash equivalents, (ii) restricted cash, (iii) due from clearing brokers net of due to clearing brokers, and (iv) Total Investments. (4) Total Investments is defined as the sum of (a) securities and other investments owned net of (i) securities sold not yet purchased and (ii) noncontrolling interest related to investments from continuing operations, (b) loans receivable, at fair value net of loan participations sold, (c) equity investments, and (d) other investments reported in prepaid and other assets. About BRC Group Holdings BRC Group Holdings, Inc. (f/k/a B. Riley Financial Inc.) (NASDAQ: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Its core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. BRC's banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Its wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Its telecom businesses provides consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Its retail companies provide home furnishings and mobile computing accessories. BRC deploys its 80 capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. As of September 30, 2025, it had $1.7 billion in total assets, $1.9 billion in total liabilities, and $213.1 million in total deficit. During the nine months ended September 30, 2025, the Company completed five private exchange transactions with institutional investors pursuant to which aggregate principal amounts of approximately: * $115,844,000 of the 5.50% Senior Notes due March 2026, * $2,061,000 of the 6.50% Senior Notes Payable due September 2026, * $146,448,000 of the 5.00% Senior Notes due December 2026, * $51,135,000 of the 6.00% Senior Notes due January 2028, and * $39,485,000 of the 5.25% Senior Notes due August 2028 owned by the investors were exchanged for approximately $228,423 aggregate principal amount of 8.00% Senior Secured Second Lien Notes due 2028, whereupon the Exchanged Notes were cancelled. After the completion of the Exchanged Notes, the Company has approximately: * $101,596,000 of 5.50% Senior Notes due March 31, 2026, * $178,471,000 of 6.50% Senior Notes due September 30, 2026, and * $178,266,000 of 5.00% Senior Notes due December 31, 2026. The Company believes that the current cash and cash equivalents, securities and other investments owned, and funds available under our credit facilities will be sufficient to meet its working capital, capital expenditure requirements, and debt service obligations due the next 12 months. BRC GROUP: Returns to Good Standing on Nasdaq Periodic Filing Rule ------------------------------------------------------------------ BRC Group Holdings, Inc. (f/k/a B. Riley Financial, Inc.) have received a letter from The Nasdaq Stock Market LLC confirming that it has regained compliance with Nasdaq's Periodic Filing Rule 5250(c)(1), on January 27, 2026. Consistent with the applicable Nasdaq Listing Rules in such circumstances, the notice also indicated that Nasdaq had imposed a "Mandatory Panel Monitor" as that term is defined in Nasdaq Listing Rule 5815(d)(4)(B) for a period of one year. In the event the Company fails to timely satisfy the Periodic Filing Rule during such one-year period, the Company will not be afforded the opportunity to provide a compliance plan for the Nasdaq Listing Qualifications Staff's review. The Company would instead receive a Delist Determination Letter in response to which the Company could request a hearing and stay of the delist determination pending a hearing before a Hearings Panel. About BRC Group Holdings BRC Group Holdings, Inc. (f/k/a B. Riley Financial Inc.) (NASDAQ: RILY) is a diversified holding company, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Its core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. BRC's banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Its wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Its telecom businesses provides consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Its retail companies provide home furnishings and mobile computing accessories. BRC deploys its 80 capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. As of September 30, 2025, it had $1.7 billion in total assets, $1.9 billion in total liabilities, and $213.1 million in total deficit. During the nine months ended September 30, 2025, the Company completed five private exchange transactions with institutional investors pursuant to which aggregate principal amounts of approximately: * $115,844,000 of the 5.50% Senior Notes due March 2026, * $2,061,000 of the 6.50% Senior Notes Payable due September 2026, * $146,448,000 of the 5.00% Senior Notes due December 2026, * $51,135,000 of the 6.00% Senior Notes due January 2028, and * $39,485,000 of the 5.25% Senior Notes due August 2028 owned by the investors were exchanged for approximately $228,423 aggregate principal amount of 8.00% Senior Secured Second Lien Notes due 2028, whereupon the Exchanged Notes were cancelled. After the completion of the Exchanged Notes, the Company has approximately: * $101,596,000 of 5.50% Senior Notes due March 31, 2026, * $178,471,000 of 6.50% Senior Notes due September 30, 2026, and * $178,266,000 of 5.00% Senior Notes due December 31, 2026. The Company believes that the current cash and cash equivalents, securities and other investments owned, and funds available under our credit facilities will be sufficient to meet its working capital, capital expenditure requirements, and debt service obligations due the next 12 months. BRET'S TOWING: Commences Chapter 11 Bankruptcy in Wisconsin ----------------------------------------------------------- On February 1, 2026, Bret's Towing LLC entered Chapter 11 bankruptcy proceedings in the Eastern District of Wisconsin. Court filings show the company reports total debt between $1 million and $10 million and identifies 1 to 49 creditors. About Bret's Towing LLC Bret's Towing LLC is a limited liability company. Bret's Towing LLC filed for Chapter 11 protection under the U.S. Bankruptcy Code (Case No. 26-20524) on February 1, 2026. In its bankruptcy petition, the Debtor lists estimated assets of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. The Debtor is represented by Kerkman & Dunn, with Evan Schmit, Esq. acting as counsel. CAFE PASSE: Seeks to Hire C.R. Hyde PLC as Bankruptcy Counsel ------------------------------------------------------------- Cafe Passe, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire The Law Offices of C.R. Hyde, PLC as counsel. The firm's services include: a) providing the Debtor with legal advice and assistance as to his powers and duties as debtor-in-possession in the continued operation of its affairs; b) providing legal advice and assistance to the Debtor as is necessary to preserve and protect assets, to arrange for a continuation of the working capital and other financing, to prepare all necessary applications, answers, orders, reports and other legal documents; c) appearing before the Bankruptcy Court to represent and protect the interests of the Debtor and the bankruptcy estate; d) negotiating with the Debtor's creditors and taking the necessary legal steps to confirm and consummate a plan of reorganization; e) providing other legal services as may be necessary during the course of the bankruptcy proceedings; and f) formulating a plan that has a reasonable prospect of being confirmed under subchapter 5 of Chapter 11 of the Bankruptcy Code. The firm will be paid $450 per hour for the services rendered by an attorney and $150 per hour for paralegals. The firm received a retainer in the amount of $11,700. Charles R. Hyde, a partner of the Law Offices of C.R. Hyde, PLC, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. Law Offices of C.R. Hyde can be reached at: Charles R. Hyde, Esq. LAW OFFICES OF C.R. HYDE, PLC 2810 N. Swan Road, Suite 160 Tucson, AZ 85712 Tel: (520) 270-1110 E-mail: crhyde@gmail.com About Cafe Passe LLC Cafe Passe, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-00509) on January 18, 2026, with $100,001 to $500,000 in both assets and liabilities. Judge Scott H. Gan presides over the case. Charles R. Hyde, Esq., at the Law Offices of C.R. Hyde, PLC represents the Debtor as bankruptcy counsel. CANNABIST COMPANY: Secures Forbearance on 2028 Notes Until Feb 17 ----------------------------------------------------------------- The Cannabist Company Holdings Inc., one of the most experienced cultivators, manufacturers and retailers of cannabis products in the United States, announced on January 30, 2026, that it has entered into a forbearance agreement, with an ad hoc group of noteholders of the Company's 9.25% Senior Secured Notes due December 31, 2028 and the 9.00% Senior Secured Convertible Notes due December 31, 2028. The Forbearing Noteholders collectively hold more than 75% of the aggregate principal amount of Notes outstanding. On December 31, 2025, the Company elected not to make the interest payments due on the Notes under the amended and restated indenture, as supplemented, governing the Notes to enhance its short-term financial flexibility and preserve liquidity as it continues to evaluate strategic alternatives following the recent announcement of the sale of its Virginia assets to an affiliate of Millstreet Credit Fund LP. The failure to make the December 31 Interest Payments on the due date did not constitute an event of default under the Indenture. However, the non-payment of the December 31 Interest Payments during the 30-day grace period under the Indenture constitutes an event of default. During the grace period, the Company and the Forbearing Noteholders discussed potential strategies and options to address the Company's liquidity needs, including potential additional asset sales or other strategic, financial or restructuring transactions or proceedings, which resulted in entering into the Forbearance Agreement. Pursuant to the Forbearance Agreement, and subject to the terms and conditions set forth therein, the Forbearing Noteholders agreed to forbear from exercising any of their rights and remedies under the Indenture and applicable law until February 17, 2026 as a result of the Company's failure to make the December 31 Interest Payments. The Company, its advisors and the advisors to the Forbearing Noteholders continue to discuss options to address the Company's liquidity needs, however, there can be no assurances an agreement will be reached, or an extension of the Forbearance Agreement will be entered into prior to February 17, 2026. About The Cannabist Company (f/k/a Columbia Care) The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 12 U.S. jurisdictions. The Company operates 77 facilities including 61 dispensaries and 16 cultivation and manufacturing facilities, including those under development. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The Company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including dreamt, Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit www.cannabistcompany.com. CAPE FEAR: Seeks to Hire Titan Advisors LLC as Accountant --------------------------------------------------------- Cape Fear Discount Drug LLC filed a second application seeking approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Titan Advisors, LLC to provide additional accounting services. The Debtor desires to employ the accountant to prepare its annual personal property tax return for a flat fee of $1,200 and prepare the necessary 1099 forms for a flat rate of $250. As disclosed in the court filings, Titan Advisors is disinterested within the meaning of Sec. 327(a) of the Bankruptcy Code and further states that no outstanding indebtedness is currently owed to it by the Debtor. The firm can be reached through: Nicholas Caltabiano Titan Advisors, LLC 750 Washington Blvd 10th floor Stamford, CT 06901 Phone: (203) 327-8600 About Cape Fear Discount Drug LLC Cape Fear Discount Drug LLC operates a community-focused pharmacy providing prescription dispensing, immunizations, medication therapy management, and over-the-counter products. The pharmacy is part of the Good Neighbor Pharmacy network and serves local residents with programs including family vitamins and child safety initiatives. Cape Fear Discount Drug LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03693) on September 23, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge David M. Warren handles the case. The Debtor is represented by Laurie B. Biggs, Esq. of BIGGS LAW FIRM PLLC. CAPSTONE GREEN: Laurence Lytton, Foundation Hold 7.7% Stake ----------------------------------------------------------- Laurence W. Lytton and Lytton-Kambara Foundation, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of December 15, 2025, they beneficially own 1,771,404 shares of common stock. Laurence W. Lytton holds 21,404 shares with sole voting and dispositive power and 1,750,000 shares with shared voting and dispositive power through the Lytton-Kambara Foundation, of which he is President; the Foundation holds 1,750,000 shares with shared voting and dispositive power of Capstone Green Energy Holdings, Inc.'s common stock, representing 7.7% of the 22,926,208 shares outstanding, as reported in the Prospectus filed by the Company on January 6, 2026. Lytton-Kambara Foundation may be reached through: Laurence W. Lytton 467 Central Park West New York, NY 10025 A full-text copy of Laurence W. Lytton's SEC report is available at: https://tinyurl.com/4k38d2tn About Capstone Green Energy Capstone Green Energy builds microturbine energy systems and battery storage systems that allow customers to produce power on-site in parallel with the electric grid or stand-alone when no utility grid is available. Capstone Green offers microturbines designed for commercial, oil and gas, and other industrial applications. Los Angeles, Calif.-based CBIZ CPAs P.C., the Company's auditor since 2017 since 2017 (such date takes into account the acquisition of the attest business of Marcum LLP by CBIZ CPAs P.C. effective November 1, 2024), issued a "going concern" qualification in its report dated June 26, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, 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. As of September 30, 2025, the Company had $82.4 million in total assets, $89.7 million in total liabilities, and $39.4 million in total stockholders' deficit. CAPTAIN CLEAN: Starts Chapter 7 Bankruptcy in Wisconsin ------------------------------------------------------- On January 26, 2026, Captain Clean of Janesville, Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of Wisconsin. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1 to 49 creditors. About Captain Clean of Janesville, Inc. Captain Clean of Janesville, Inc. is a professional cleaning service provider serving residential and commercial clients in Janesville and surrounding areas. Captain Clean of Janesville, Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20352) on January 26, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. The Debtor is represented by Nicholas Kerkman, Esq., of Kerkman & Dunn. CARBON HEALTH: Case Summary & 30 Largest Unsecured Creditors ------------------------------------------------------------ Lead Debtor: Carbon Health Technologies, Inc. 500 East Remington Drive, Suite 20 Sunnyvale, CA 94087 Business Description: Carbon Health Technologies, Inc. and its affiliated debtor entities operate a multi-state network of approximately 93 locations across Texas, Washington, California, Colorado, Kansas, Missouri, New Jersey, and Massachusetts, providing services that include primary care, urgent care, pediatric care, workplace health, clinical research, and virtual care. The clinics directly serve patients while being supported by a centralized management and technology platform, including the proprietary CarbyOS system, which enhances patient access, engagement, and operational efficiency. Together, the affiliated entities form an integrated healthcare system that functions as an entry point to the broader healthcare ecosystem. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Southern District of Texas Twenty-nine affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Carbon Health Technologies, Inc. (Lead Case) 26-90306 Carbon Health Medical Group of Texas, PLLC 26-90305 Carbon Health Alpha Medical Group of California, P.C. 26-90307 Carbon Health Alpha Medical Group of Florida, P.A. 26-90309 Carbon Health Alpha Medical Group of Kansas, P.A. 26-90310 Carbon Health Alpha Primary Care of California, P.C. 26-90311 Carbon Health Alpha Primary Care of Florida, P.A. 26-90312 Carbon Health Alpha Primary Care of Kansas, P.A. 26-90313 Carbon Health East Bay Medical Group, P.C. 26-90316 Carbon Health East Bay Primary Care, P.C. 26-90319 Carbon Health Medical Group of California, P.C. 26-90314 Carbon Health Medical Group of Florida, P.A. 26-90317 Carbon Health Medical Group of Kansas, P.A. 26-90308 Carbon Health Medical Group of Massachusetts, P.C. 26-90320 Carbon Health Medical Group of New Jersey, P.A. 26-90324 Carbon Health Medical Group of Sunnyvale, Inc. 26-90327 Carbon Health Medical Group of Wisconsin, S.C. 26-90329 Carbon Health Primary Care of California, P.C. 26-90330 Carbon Health Primary Care of Florida, P.A. 26-90331 Carbon Health Primary Care of Kansas, P.A. 26-90332 Carbon Health Primary Care of New Jersey, P.A. 26-90315 Carbon Health Primary Care of Wisconsin, S.C. 26-90318 Carbon Health South Bay Medical Group, P.C. 26-90325 Carbon Health South Bay Primary Care, P.C. 26-90326 Central Jersey Urgent Care Limited Liability Company 26-30684 Djavaherian Medical Practice, PLLC 26-90321 Hillcrest Urgent Care of Alabama PC 26-90322 Ritecare Medical Center, LLC 26-90323 Treat Medical, Inc. 26-90328 Judge: Hon. Christopher M Lopez Debtors' Bankruptcy Counsel: Maxim B. Litvak, Esq. Theodore S. Heckel, Esq. PACHULSKI STANG ZIEHL & JONES LLP 700 Louisiana Street Suite 4500 Houston, TX 77002 Tel: 713-691-9385 Fax: 713-691-9407 Email: mlitvak@pszjlaw.com theckel@pszjlaw.com AND Debra I. Grassgreen, Esq. John W. Lucas, Esq. One Sansome Street, 34th Floor, Suite 3430 San Francisco, CA 94104 Tel: (415) 263-7000 Fax: (415) 263-7010 Email: dgrassgreen@pszjlaw.com jlucas@pszjlaw.com Debtors' Bankruptcy Counsel: WILSON SONSINI GOODRICH & ROSATI Debtors' Financial Advisor: ALVAREZ & MARSAL NORTH AMERICA, LLC Debtors' Claims & Noticing Agent: KROLL RESTRUCTURING ADMINISTRATION LLC Estimated Assets: $100 million to $500 million Estimated Liabilities: $100 million to $500 million The petitions were signed by Kerem Ozkay as chief executive officer. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2INSGKI/Carbon_Health_Technologies_Inc__txsbke-26-90306__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Wilson Sonsini Goodrich and Professional $3,182,720 Rosati Services 650 Page Mill Road Palo Alto, CA 94304-1050 Attn: Melissa Rick Partner Email: mrick@wsgr.com Phone: (650) 849-3059 2. DCVC V, L.P. Unsecured Debt $2,500,000 270 University Ave Palo Alto, CA 94301 Attn: Zachary Bogue Managing Partner Email: finance@dcvc.com; zack@dcvc.com Phone: (415) 840-7337 3. CSC Leasing Company Trade Claim $2,246,482 6802 Paragon Place, Suite 350 Richmond, VA 23230 Attn: John Corey Chief Executive Officer Email: jec@cscleasing.com Phone: (804) 673-1000 4. Camber Road Partners, Inc. Trade Claim $2,032,683 4999 France Avenue S Minneapolis, MN 55410 Attn: Steve Aronson Managing Partner Email: aronson@camberroad.com Phone: (952) 236-7251 5. Carbonara DF Holdings, LP Unsecured Debt $1,650,000 1 Letterman Drive San Francisco, CA 94129 Attn: Michael Dimitruk, Partner Email: luke@dragoneer.com; michael@dragoneer.com Phone: (415) 539-3099 6. Morgan, Lewis & Bockius LLP Professional $1,417,464 2222 Market Street Services Philadelphia, PA 19103 Attn: John C. Goodchild, III, Partner Email: john.goodchild@morganlewis.com Phone: (215) 963-5020 7. Builders VC Fund I, L.P. Unsecured Debt $994,944 201 Mission St San Francisco, CA 94105 Attn: Jim Kim, General Partner Email: paul@builders.vc; jim@builders.vc Phone: (415) 692-1720 8. Google LLC Trade Claim $776,841 1600 Amphitheatre Parkway Mountain View, CA 94043 Attn: Sundar Pichai Chief Executive Officer Email: sundarpichai@google.com Phone: (650) 253-0000 9. WP Explorer 3 LP Unsecured Debt $762,686 155 North Wacker Drive Chicago, IL 60606 Attn: Ryan Phillips, Principal Email: rp@wpglobalpartners.com Phone: (312) 277-1300 10. Weingarten Nostat, LLC Lease $650,000 500 North Broadway Termination Jericho, NY 11753 Attn: Conor Flynn Chief Executive Officer Email: cflynn@kimcorealty.com Phone: (516) 869-9000 11. Hilco Real Estate, LLC Professional $586,874 5 Revere Drive, Suite 410 Services Northbrook, IL 60062 Attn: Eric Kaup EVP & COO, Managing Member Email: ekaup@hilcoglobal.com Phone: (847) 313-4790 12. DME Service Solutions LLC Trade Claim $580,351 402 West Broadway, Suite 400 San Diego, CA 92101 Attn: Richard Lee Chief Executive Officer Email: rlee@dmeserve.com Phone: (760) 522-8869 13. Latham & Watkins LLP Professional $576,833 12670 High Bluff Drive Services San Diego, CA 92130 Attn: Amy Hargreaves, Partner Email: amy.hargreaves@lw.com Phone: (858) 523-5424 14. Gerrity Group, LLC Lease $550,000 973 Lomas Santa Fe Dr Termination Solana Beach, CA 92075 Attn: Kevin Gerrity Chief Executive Officer Email: kgerrity@gerritygroup.com Phone: (646) 344-1987 15. CDW LLC Trade Claim $547,043 200 N Milwaukee Ave Vernon Hills, IL 60061 Attn: Chris Leahy Chair, Chief Executive Officer Email: cleahy@cdw.com Phone: (847) 465-6000 16. RPT Realty, L.P. Lease $500,000 500 North Broadway Termination Jericho, NY 11753 Attn: Conor Flynn Chief Executive Officer Email: cflynn@kimcorealty.com Phone: (516) 869-9000 17. Canon Financial Services Trade Claim $403,321 14904 Collections Center Dr Chicago, IL 60693 Attn: Isao Kobayashi Chief Executive Officer Email: ikobayashi@cusa.canon.com Phone: (856) 813-1000 18. McKesson Medical-Surgical Inc Trade Claim $390,536 9954 Mayland Drive Henrico, VA 23233 Attn: Brian Tyler Chief Executive Officer Email: btyler@mckesson.com Phone: (972) 446-4800 19. Kaiser Foundation Trade Claim $349,529 Health Plan Inc 1 Kaiser Plaza Oakland, CA 94612 Attn: Gregory Smith Chief Operating Officer Email: gregory.a.smith@kp.org Phone: (408) 770-3181 20. BDO USA LLP Professional $339,389 One Bush St Services San Francisco, CA 94104 Attn: Kristin Peters, Principal Email: ktaylor@bdo.com Phone: (415) 397-7900 21. Talkdesk Inc Trade Claim $300,000 201 Spear Street San Francisco, CA 94105 Attn: Tiago Paiva Chief Executive Officer Email: tiagopaiva@talkdesk.com Phone: (650) 305-1510 22. Dublin Station, LLC Lease $300,000 11501 Northlake Drive Termination Cincinnati, OH 45249 Attn: Robert F. Myers, President Email: bmyers@phillipsedison.com Phone: (513) 288-9155 23. Regency Centers Corporation Lease $300,000 One Independent Drive Termination Jacksonville, FL 32202-5019 Attn: Lisa Palmer Chief Executive Officer Email: lisapalmer@regencycenters.com Phone: (904) 598-7000 24. Quest Diagnostics Trade Claim $292,268 500 Plaza Dr Secaucus, NJ 07094 Attn: James Davis Chairman, President, Chief Executive Officer Email: james.e.davis@questdiagnostics.com Phone: (262) 703-1505 25. Concentrix CVG Customer Trade Claim $278,998 Management Group Inc 201 East 4Th Street Cincinnati, OH 45202 Attn: Jane Fogarty Chief Legal Officer Email: jane.fogarty@concentrix.com Phone: (864) 518-8600 26. PROOF II Javelin, LLC Unsecured Debt $249,638 11911 Freedom Dr Reston, VA 20190 Attn: John Backus Managing Partner Email: notices@proof.vc; michael@proof.vc Phone (631) 694-7663 27. Rivet Health SPV I, L.P. Unsecured Debt $246,802 201 Mission St San Francisco, CA 94105 Attn: Jim Kim, General Partner Email: jim@builders.vc; ted@rivethealth.com; angela@builders.vc Phone: (415) 692-1720 28. Hourani Global PLLC Professional $237,257 745 5Th Avenue, 5Th Flr Services New York, NY 10151 Attn: Hayel Hourani Managing Principal Email: hhourani@houranipartners.com Phone: (212) 500-7720 29. Ernst and Young U.S. LLP Professional $235,000 155 North Wacker Drive Services Chicago, IL 60606 Attn: Vishal Gupta, Partner Email: vishal.gupta@ey.com Phone: (773) 332-4448 30. Foley & Lardner LLP Professional $207,798 100 North Tampa St Services Tampa, FL 33602-5810 Attn: Thomas B. Ferrante, Partner Email: tferrante@foley.com Phone: (813) 225-4148 CARBON HEALTH: Seeks to Sell Medical Service Biz at Auction ----------------------------------------------------------- Carbon Health Technologies, Inc., and its debtor affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to sell substantially all Assets at auction, free and clear of liens, claims, interests, and encumbrances. In December 2025, Carbon Health sought to build upon the efforts undertaken as part of its months-long prior marketing process that ended in November 2025, and directed Stifel, Nicolaus & Company, Incorporated, the Debtors' proposed investment banker, to begin preparations for the prepetition phase of the Sale Process. In late January 2026, after preparing refreshed marketing materials, drafting updates to the financial model, and revitalizing the Data Room, Stifel, at the direction of the Company, launched the prepetition marketing process. Prior to the Petition Date, Stifel engaged with over 90 potentially interested parties, many of whom had participated in the Company's prior marketing process, including strategic buyers and financial sponsors, to solicit interest in acquiring some or all of the Assets in connection with the Debtors' chapter 11 cases. To continue the momentum of the Debtor's prepetition marketing efforts on a postpetition basis, the Debtors now file this Motion seeking approval of the proposed Bid Procedures to govern the Sale Process and, if there are one or more Successful Bidders. The proposed Bid Procedures provide for a Bid Deadline of March 6, 2026, at 5:00 p.m. (prevailing Central Time). The Debtors are confident that the Sale Process has been structured to facilitate the sale of the Assets, in whole or in part, for the highest or otherwise best bid(s) on an efficient timeline. Carbon Health is a leading urgent care and primary care medical service provider, with 93 locations nationwide offering comprehensive services, including UC, PC, pediatric care, workplace health, and clinical research, complemented with virtual care access. The Company serves as a primary entry point to healthcare ecosystem, offering a comprehensive array of services that cater to diverse patient communities, enhancing accessibility and quality of care. Carbon Health leverages its proprietary platform, "CarbyOS," to implement a digital strategy that enhances patient engagement and drives operating efficiency. This approach enables the Company to provide a versatile range of services across care locations through improved operational efficiency. In March 2025, Carbon Health engaged Stifel to aid the Company in exploring strategic transactions. At the time, Carbon Health was facing a liquidity shortfall and tapped Stifel's expertise in mergers and acquisitions and restructuring to develop solutions. Among other things, Stifel was tasked with marketing certain of the Company's assets for sale, raising equity financing, and procuring alternative sources of debt financing. Over the following months, the Debtor received indications of interest and entered into multiple letters of intent at various points with certain 2025 Process Participants who were interested in acquiring some or all of the Company's assets. Through November 2025, Carbon Health, with Stifel's assistance, engaged in serious, and at times exclusive, negotiations with several of the 2025 Process Participants. Prior to launching the Prepetition Marketing Process, Stifel worked collaboratively with the Carbon Health's management team to build an updated financial model, prepare refreshed marketing materials, including a teaser, CIM, and process letter, and revitalize the Data Room, among other things. In late January 2026, Stifel, acting at the direction of the Company, commenced formal outreach and provided the teaser to potential purchasers. Stifel engaged with over 90 potentially interested parties, including over 30 strategic buyers and 60 financial sponsors. The Bid Procedures are designed to promote a competitive, transparent, and timely marketing and sale process for the Debtors' Assets, in whole or in part. If approved, the Bid Procedures will allow the Debtors to solicit and identify bids from potential buyers that constitute the highest or otherwise best offer(s) for the Assets in an efficient manner and on a reasonable timeline consistent with the DIP Milestones and the Debtors' strategy for maximizing value for their stakeholders. If the Debtors do not receive a bid or bids that, combined, are sufficient to pay certain claims and interests, the Debtors have the right to toggle to pursue confirmation of a chapter 11 plan premised on a debt-for-equity exchange. On the other hand, if bids are received with respect to Partial Sale Transactions, which combined do not constitute an Enterprise Sale Transaction, then the Debtors may elect both to consummate the Partial Sale Transaction(s) under the Bid Procedures and pursue confirmation of the Plan premised on a debt-for-equity exchange. The Debtors, therefore, believe that approval of the Bid Procedures is in the best interests of their estates because they are designed to maximize value, will establish whether and to what extent any additional market for the Assets exists, and provide interested parties with sufficient opportunity to participate in the Sale Process. The key dates and deadlines of the bidding procedures and auction is also provided. The proposed Sale Process Timeline provides the Debtors with sufficient time to complete their marketing efforts, and for potential bidders to conduct ample due diligence and formulate value-maximizing bids for the Assets. As soon as practicable after the Auction and in no event later than March 12, 2026, the Debtors propose to file with the Court and serve on the Sale Notice Parties, as well as all Counterparties to Designated Contracts, the Post-Auction Notice identifying the Successful Bidder(s) and Back-Up Bidder(s). Finally, in addition to filing the Notices with the Court and serving the Notices in accordance with the proposed Bid Procedures Order, the Debtors will cause each of the Notices to be posted on their case information website at: https://restructuring.ra.kroll.com/CarbonHealth (the Case Website). The Bid Procedures were carefully crafted to facilitate a genuine market test and the submission of value-maximizing bids and to provide adequate and appropriate notice to interested parties, while recognizing the Debtors’ need to conduct an efficient Sale Process. About Carbon Health Technologies Inc. Carbon Health Technologies Inc. provides health care technology solutions. The Company designs and develops care delivery systems that enable physicians to focus on their patients health records, book appointments, make payments, and conduct a video visit. Carbon Health Technologies serves customers in the United States. Carbon Health Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90306 (CML) on February 2, 2026. Judge Christopher M Lopez presides over the case. The Plaintiff is represented by Brittany S. Scott, Esq., and L. Timothy Fisher, Esq., at BURSOR & FISHER, P.A., in Walnut Creek, California. CHAINCE DIGITAL: Ends FPI Status; To File as Domestic Issuer ------------------------------------------------------------ Chaince Digital Holdings Inc. disclosed in a regulatory filing that on January 26, 2026, the Board of Directors determined that the Company will cease reporting as a foreign private issuer and will instead file periodic reports with the Securities and Exchange Commission as a domestic issuer on a voluntary basis. The Company currently qualifies as a foreign private issuer under Rule 3b-4 of the Securities Exchange Act of 1934, as amended. Beginning with its annual report for the fiscal year ended December 31, 2025, the Company expects to file its annual report on Form 10-K and to file its quarterly reports on Form 10-Q and current reports on Form 8-K, in each case in lieu of Form 20-F and Form 6-K, respectively. About Chaince Digital Holdings Inc. (formerly Mercurity Fintech Holding Inc.) Chaince Digital Holdings Inc. -- http://www.chaincedigital.com/-- (Nasdaq: CD, effective November 13, 2025) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, Chaince Digital Holdings Inc. aims to be an industry leader in tokenization and on-chain innovation solutions, offering services spanning digital assets, financial advisory, and capital markets solutions. In an audit report dated April 30, 2025, the Company's auditor, Onestop Assurance PAC, issued a "going concern" qualification, citing that at Dec. 31, 2024, the Company has incurred recurring net losses of $4.5 million and negative cash flows from operating activities of $3.6 million and has an accumulated deficit of $680 million, which raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $35.6 million in total assets, $7.2 million in total liabilities, and $29.4 million in total shareholders' equity. CHAINCE DIGITAL: Tang Qian Replaces OneStop as Independent Auditor ------------------------------------------------------------------ Chaince Digital Holdings Inc. disclosed in a regulatory filing that on January 23, 2026, it dismissed OneStop Assurance PAC as the Company's independent registered public accounting firm, effective immediately. OneStop, a Singapore-based firm that is registered with the Public Company Accounting Oversight Board (PCAOB), determined that it could not continue to serve as the Company's independent registered public accounting firm because the Company's principal executive offices are located in the United States. The audit reports of OneStop on the Company's consolidated financial statements for each of the two fiscal years ended December 31, 2024 and 2023 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. The decision to change the Company's independent registered public accounting firm was approved by the Audit Committee of the Board of Directors of the Company. During the Company's two most recently completed fiscal years ended December 31, 2024 and 2023 and the subsequent interim period through the date of dismissal, there were no disagreements between the Company and OneStop on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of OneStop, would have caused OneStop to make reference to the subject matter of the disagreements in connection with its audit reports on the Company's financial statements. During the Company's two most recently completed fiscal years ended December 31, 2024 and 2023 and the subsequent interim period through the date of dismissal, there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company provided OneStop with a copy of the report on Form 8-K in accordance with Item 304(a)(3) of Regulation S-K prior to its filing with the Securities and Exchange Commission and requested that OneStop furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of OneStop's letter is available at https://tinyurl.com/mvhce643 Appointment of New Independent Registered Public Accounting Firm Following the approval of the Audit Committee of the Board, on January 24, 2026, the Company appointed Tang Qian & Associates as the Company's new independent registered public accounting firm for and with respect to the year ended December 31, 2025. During the Company's two most recently completed fiscal years and through the date of the Company's appointment of Tang Qian, the Company did not consult with Tang Qian regarding: (i) the application of accounting principles to a specific completed or contemplated transaction, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, and no written or oral advice was provided by Tang Qian that was an important factor considered by the Company in reaching a decision as to accounting, auditing or financial reporting issues, or (ii) any matter that was either the subject of a disagreement or event, as set forth in Item 304(a)(1)(iv) or Item 304(a)(1)(v) of Regulation S-K. About Chaince Digital Holdings Inc. (formerly Mercurity Fintech Holding Inc.) Chaince Digital Holdings Inc. -- http://www.chaincedigital.com/-- (Nasdaq: CD, effective November 13, 2025) is a fintech group powered by blockchain infrastructure, offering technology and financial services. Through its subsidiaries, including Chaince Securities, LLC, Chaince Digital Holdings Inc. aims to be an industry leader in tokenization and on-chain innovation solutions, offering services spanning digital assets, financial advisory, and capital markets solutions. In an audit report dated April 30, 2025, the Company's auditor, Onestop Assurance PAC, issued a "going concern" qualification, citing that at Dec. 31, 2024, the Company has incurred recurring net losses of $4.5 million and negative cash flows from operating activities of $3.6 million and has an accumulated deficit of $680 million, which raise substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $35.6 million in total assets, $7.2 million in total liabilities, and $29.4 million in total shareholders' equity. CIVITAS RESOURCES: S&P Upgrades ICR to 'BB', Outlook Stable ----------------------------------------------------------- S&P Global Ratings raised its issuer credit rating (ICR) on Civitas to 'BB' (the same as its ICR for SM Energy) from 'BB-'. The stable outlook reflects the outlook on its parent, SM Energy. S&P said, "We also raised our issue-level rating on Civitas' unsecured notes to 'BB' from 'BB-' and revised our recovery rating to '3' from '4' pro forma the combination. The '3' recovery rating indicates our expectation for meaningful (50%-70%; rounded estimate: 65%) recovery to creditors in the event of a payment default. "We removed all ratings from CreditWatch, where we placed them with positive implications on Nov. 5, 2025." S&P subsequently withdrew its ICR on Civitas. S&P said, "On Jan. 30, 2026, SM Energy closed its acquisition of Civitas. We raised our rating on the company and assigned a stable outlook to equalize it with our rating and outlook on SM Energy. We now consider Civitas to be core to SM Energy, given our view that the additional scale and basin diversification offered is highly consistent with its parent's operating strategy. We subsequently withdrew our ICR on Civitas. "We raised our issue-level rating on Civitas' unsecured notes to 'BB' (the same as SM Energy's unsecured notes) from 'BB-' and revised our recovery rating to '3' (rounded estimate: 65%), from '4' (rounded estimate: 40%), pro forma the combination. The higher recovery rating reflects our view of additional value available to unsecured creditors in the event of a default under the combined capital structure. "Additionally, Civitas' unsecured note indentures contain a "Successor Company Substituted" clause where we view SM Energy, as the surviving entity, as the new obligor. As such, we view the company's unsecured notes as pari passu with SM Energy's existing unsecured notes." COMPASS GROUP: Raises Going Concern Doubt From Covenant Risks ------------------------------------------------------------- Compass Group Diversified Holdings LLC submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended September 30, 2025. The report contains a going-concern qualification, noting that there is substantial doubt regarding the Company's ability to continue as a going concern. Liquidity and Capital Resources: Compass Group said, "We generate cash primarily from the operations of our subsidiaries, and we have the ability to borrow under our 2022 Credit Facility to fund our operating, investing and financing activities. Our principal uses of cash are operating expenses, payment of management fees, capital expenditures, working capital needs, debt service, dividends on the preferred shares of the Trust, and strategic growth initiatives, including potential acquisitions." "In connection with the Lugano Investigation, we have incurred unanticipated costs for accounting, financing and legal fees in connection with the restatements, including those associated with our entry into forbearance agreements with respect to our credit agreement and indentures due to potential defaults or events of default thereunder. We expect to continue to incur costs, including financing and legal fees related to our financing arrangements and costs related to ongoing securities litigation, resulting from the Lugano Investigation and the restatement of our previously issued financial statements." On January 9, 2025, the LLC entered into a First Incremental Facility Amendment to its existing Credit Agreement. The Amendment modified the LLC's Third Amended and Restated Credit Agreement, dated as of July 12, 2022, as amended, among the LLC, the Lenders, the Administrative Agent and the other financial institutions party thereto, to provide for: (a) an additional advance of the term loan in the aggregate amount of $200 million on the date of the Amendment, and (b) delayed draw term loan commitments in the aggregate amount of $100 million which was able to be reduced or terminated by the LLC upon five business days' notice and pursuant to which the Company may make no more than two draws by July 9, 2025. Compass Group said, "The proceeds from the Incremental Term Loan and the Incremental Delayed Draw Term Loan were to be used for new acquisitions, working capital, capital expenditures and other general corporate purposes. The Company did not utilize the delayed draw feature and it expired on July 9, 2025." "On May 7, 2025, the Company disclosed in a Current Report on Form 8-K its intent to delay the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and disclosed non-reliance on its 2024 financial statements as a result of concerns about financing, accounting, and inventory practices at it Lugano subsidiary and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Lugano. Concurrently, the Company also provided notice to Bank of America, N.A., in its capacity as Administrative Agent for the Lenders, Swing Line Lender, and L/C Issuer under the 2022 Credit Facility advising of the existence of potential defaults or events of default resulting from the non-reliance on the 2024 financial statements and delayed filing of the March 31, 2025 Form 10-Q." "On May 22, 2025, the LLC entered into a Forbearance Agreement and Second Amendment to Credit Agreement. Under the Forbearance Agreement and Second Amendment to Credit Agreement, the lenders under the 2022 Credit Facility agreed to honor requests for credit extensions from the Company for revolving loans composed of term SOFR loans with an applicable rate of 2.50% per annum and an interest period of one month; provided, however, that such credit extensions would not cause the lenders' revolving credit exposures (inclusive of letters of credit obligations) to exceed $40 million." In addition to the forbearance of the lenders, the Forbearance Agreement and Second Amendment to Credit Agreement also amended the 2022 Credit Facility to, among other modifications: (i) reduce the aggregate borrowing amount available for revolving commitments to $100 million; (ii) limit the management fees that were able to be paid by the Company to the Manager to no more than $10.5 million per fiscal quarter (with the amount of such management fees that cannot be paid due to this limitation being available to offset any potential future reduction in management fees as a result of any adjustments for deemed overpayments); (iii) limit the management fees that may be paid by the Company's subsidiaries to the Manager to no more than $2.0 million per fiscal quarter; (iv) restrict investments by the Company into Lugano to no more than $5 million in the aggregate; (v) impose additional reporting requirements on the Company; (vi) prohibit certain acquisitions and dispositions; and (vii) require that cash-on hand in excess of $10 million as of the last business day of any week be paid by the Company to the Administrative Agent, for the account of the lenders, which payments would be applied to the outstanding revolving loans owing by the Company. Compass Group said, "On May 27, 2025, the Company announced the suspension of future distributions on the common shares of the Trust until such time as the Company's board of directors deems it appropriate to resume such distributions." "On July 25, 2025, the LLC entered into a Second Forbearance Agreement and Third Amendment to Credit Agreement. Under the Third Amendment, the Lenders would honor requests for credit extensions from the LLC for revolving loans composed of term SOFR loans with an applicable rate of 2.50% per annum and an interest period of one month; provided, however, that such credit extensions would not cause the Lenders' revolving credit exposures (inclusive of letters of credit obligations) to exceed $60 million." During the Second Forbearance Period, the LLC could make Restricted Payments (as defined in the Credit Agreement), including any dividend or other distribution with respect to equity interests, if, after giving effect to any indebtedness incurred in connection with such payment: (a) all cash of the LLC on deposit with the Administrative Agent or subject to a qualifying control account, plus (b) unused borrowing availability, is not less than $10 million; provided, however, that the forgoing is not the exclusive method by which the LLC was able to make Restricted Payments. In addition to the forbearance of the Lenders described above, the Third Amendment also amended the Credit Agreement to: (i) limit the management fees that were able to be paid by the LLC to the Manager to no more than $5 million per fiscal quarter (with the amount of such management fees that could not be paid due to this limitation being available to offset any potential future reduction in management fees as a result of any adjustments for deemed overpayments) and (ii) limit the management fees that could be paid by the LLC's subsidiaries to the Manager to no more than $2.0 million per fiscal quarter. On August 29, 2025, the LLC entered into a Forbearance Agreement with certain holders of the Notes and, for certain limited purposes described therein, the Trustee, pursuant to which, during the Indenture Forbearance Period, the Supporting Holders agreed to forbear, and to direct the Trustee to forbear, from exercising rights and remedies available to them with respect to: (i) actual or potential defaults or events of default under the Indentures resulting from any breach of the Indentures' requirement to provide certain financials within specified time periods, and (ii) any other default or event of default mutually agreed upon between the Supporting Holders and the LLC in writing and delivered to the Trustee. As consideration for entering into Indenture Forbearance Agreement, the LLC agreed to pay to each holder of Notes such holder's pro rata share of: (a) an upfront fee, paid in kind by increasing the principal amount of the applicable series of Notes, equal to 1.75% of the aggregate principal amount of Notes outstanding, and (b) additional interest, paid in kind by increasing the principal amount of the applicable series of Notes, equal to the equivalent of a 5.00% per annum increase in the interest rate for the applicable series of Notes for the period between August 1, 2025 and October 24, 2025. Compass Group said, "As of September 30, 2025, we had $1,017.5 million of indebtedness associated with our 5.250% 2029 Notes, $305.3 million of indebtedness associated with our 5.000% 2032 Notes, $560.0 million outstanding on our 2022 Term Loan and $6.0 million outstanding on our 2022 Revolving Credit Facility. Only our 2022 Term Loan has required principal payments. Long-term debt liquidity requirements consist of the payment in full of our Notes upon their respective maturity dates, amounts outstanding under our 2022 Revolving Credit Facility upon its maturity date, and principal payments under our 2022 Term Loan." "The 2022 Term Loan requires quarterly payments commencing September 30, 2022, with a final payment of all remaining principal and interest due on July 12, 2027, which is the 2022 Term Loan's maturity date. At September 30, 2025, approximately 30% of our outstanding debt was subject to interest rate changes." "At September 30, 2025, we had approximately $61.1 million of cash and cash equivalents on hand, an increase of $1.5 million as compared to the year ended December 31, 2024. The majority of our cash is in non-interest bearing checking accounts or invested in short-term money market accounts and is maintained in accordance with the Company's investment policy, which identifies allowable investments and specifies credit quality standards. Net availability under the 2022 Revolving Credit Facility after giving effect to the Third Amendment and during the Second Forbearance Period at September 30, 2025 was $30.0 million." Going Concern: In its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2025 and June 30, 2025, filed with the Securities and Exchange Commission on December 18, 2025 and December 29, 2025, respectively, and its 2024 Annual Report on Form 10-K/A filed with the SEC on December 8, 2025, the Company disclosed that it was not in compliance with certain financial and other covenants under its 2022 Credit Facility, and that its forbearance agreement providing relief for such events of noncompliance was scheduled to expire on December 19, 2025. On December 19, 2025, the Company entered into the Fifth Amendment to its 2022 Credit Facility, which waived all existing events of default and reset certain financial covenants under the 2022 Credit Facility. Accordingly, as of the date of filing this Form 10-Q, the Company is in compliance with the non-financial covenants under its 2022 Credit Facility, as amended. The 2022 Credit Facility provides that the financial covenants thereunder will not be tested again until the Company's prepares and files its consolidated financial statements for the fiscal year ended December 31, 2025, which the Company expects to occur on or before March 31, 2026. In evaluating the Company's ability to continue as a going concern under Accounting Standard Codification Topic (ASC) 205, Presentation of Financial Statements - Going Concern (ASC 205-40) (which requires consideration of conditions and events within one year after the date these consolidated financial statements are issued), management considered, among other matters, the Company's recent covenant noncompliance, the timing of the next financial-covenant test, and the Company's projected operating results and leverage for the evaluation period. These projections are subject to significant uncertainty and are sensitive to, among other factors, operating performance, working capital requirements, and the Company's ability to achieve planned initiatives. Additionally, even if the Company is in compliance with the reset financial covenants under the Fifth Amendment, pursuant to a letter agreement entered into in connection with the Fifth Amendment, if the Company does not maintain a Consolidated Total Leverage Ratio (as defined in the Credit Facility) of less than 4.50:1.00 as of specified quarter-end dates beginning with the fiscal quarter ending June 30, 2026, the Company will be required to pay milestone fees to the administrative agent for the ratable benefit of the lenders in amounts that increase over time, subject to certain conditions. If the Company were unable to comply with the amended financial covenants when next tested and is otherwise unable to obtain amendments, waivers, or other relief, the lenders under the 2022 Credit Facility could exercise available remedies, including but not limited to declaring borrowings due and payable, discontinuing further lending commitments, imposing cash-management controls, and instructing customers to remit payments directly to the administrative agent. If borrowings under the 2022 Credit Facility were accelerated and the acceleration were not rescinded, annulled, or otherwise cured within thirty (30) days after the notice of acceleration, the holders of the 5.250% Senior Notes due 2029 and 5.000% Senior Notes due 2032 would have the right to declare the notes due and payable in accordance with the applicable indentures. Although the Fifth Amendment provides relief from existing events of default, it does not eliminate the risk that the Company may be unable to comply with the amended covenants when they are next tested. Any additional amendments, waivers, or other relief that may be required are not solely within the Company's control and therefore cannot be considered a probable mitigating plan for purposes of alleviating substantial doubt under ASC 205-40. Accordingly, management has concluded, applying the going-concern guidance under U.S. GAAP, that these conditions continue to raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the consolidated financial statements included in this Form 10-Q are issued. Management efforts: The Company is pursuing various operational and financial initiatives intended to strengthen liquidity and reduce leverage, which may include potential subsidiary divestitures, working-capital and cost-reduction actions, potential strategic transactions involving real estate, and actions to maximize recoveries in connection with Lugano's Chapter 11 proceedings. If successfully executed, these plans (together with expected operating cash flow from the Company's operating subsidiaries excluding Lugano) could enhance the Company's ability to continue to operate and meet its obligations; however, because these initiatives are not committed or fully within management's control, they have not been assumed in the Company's going concern evaluation and may not be achieved on the timetable necessary to alleviate the substantial doubt described above. A full text copy of the Company's Quarterly Report is available at: https://tinyurl.com/tzmya6d7 About Compass Group Diversified Holdings Compass Group Diversified Holdings LLC operates as a holding company. The Company, through its subsidiaries, provides financial service, as well as offers debt and equity capital for long-term growth of the company. Compass Group Diversified Holdings serves customers in the United States. As of September 30, 2025, the Company reported total assets of $3.25 billion, total liabilities of $2.93 billion, and total stockholders' equity of $318.37 million. DALRADA FINANCIAL: Provides Collateral for Genefic SBLC, ARL Deals ------------------------------------------------------------------ Dalrada Technology Group, Inc. disclosed in a regulatory filing that on January 21, 2026, its wholly-owned subsidiary, Genefic Inc., entered into a Master Performance Standby Letter of Credit and Guaranty Agreement dated December 31, 2025, with secured party, IBS Equity Fund III, LLC, a division of IBS Investment Bank. The SBLC Agreement provides for the issuance of various guarantees, including standby letters of credit, equity commitment letters, and other financial instruments, up to an aggregate commitment amount of $20,000,000. The SBLC Agreement supports a related Credit, Security, and Account Purchase Agreement dated the same day, under which the Secured Party (or its affiliate, IBS Private Credit Fund IV, LLC) may extend revolving credit through the purchase of accounts receivable on behalf of Genefic for the benefit of third-party beneficiaries in connection with Genefic's business operations, up to $5,000,000. Key terms of the agreements include: * Availability Period: Commencing on December 31, 2025, and continuing until December 31, 2030, or earlier upon completion of specified payments or termination. * Guarantees: Under the SBLC Agreement, may include non-bank general guarantees, equity commitment letters, documentary letters of credit (governed by UCP 600 and UCC Article 5), and performance standby letters of credit (governed by ISP98), including a $5,000,000 standby letter of credit issued to back the obligations under the ARL Agreement. * Security and Collateral: Secured by a first-priority security interest in substantially all assets of Genefic, including real estate, inventory, equipment, receivables, and cash. Genefic must maintain a minimum required collateral value equal to 25% of the outstanding amount of all guarantees. Upon an event of default, the Secured Party may apply collateral to outstanding obligations. * Personal Guaranty: Brian Bonar, the Company's Chairman and Chief Executive Officer, serves as guarantor under either agreement. * Fees and Expenses: Genefic is obligated to pay various fees, transaction expenses, and other costs including, but not limited to, $140,000 in cash at closing, a promissory note in the amount of $165,000 paid monthly in the amount of $7,652 over a 24-month period and a pre-funded warrant valued at $225,000 with mutual, unilateral repurchase rights granting Secured Party the right to purchase 5% of the fully diluted membership units of Genefic each due at closing. * Interest: Upon an event of default, unpaid obligations accrue interest at a default rate. * Covenants: Genefic must comply with affirmative covenants (e.g., financial reporting, compliance with laws) and negative covenants (e.g., restrictions on additional indebtedness, liens, or asset dispositions). Financial covenants include maintaining EBITDA to interest ratios and other metrics. * Events of Defaults include non-payment, failure to maintain minimum collateral value, breach of covenants, insolvency, or cross-defaults with other obligations. Upon default, the Secured Party may accelerate obligations, demand reimbursement, or liquidate collateral. Brian Bonar, the Company's Chairman and Chief Executive Officer, has executed an unlimited personal guaranty in favor of the Secured Party guaranteeing the full and timely payment and performance of all of Genefic's obligations under the agreements. The personal guaranty is joint and several with the obligations of Genefic and the Company, meaning the Secured Party may seek recovery from Mr. Bonar personally without first exhausting remedies against Genefic or the Company's pledged collateral. The Board of Directors recognized that Mr. Bonar's personal guaranty creates potential conflicts of interest, including but not limited to: (i) Mr. Bonar's personal financial exposure under the guaranty may influence his judgment regarding Genefic's business decisions, risk tolerance, and whether to seek alternative financing arrangements or pursue strategic alternatives that could avoid triggering the guaranty; (ii) in the event of financial distress at Genefic, Mr. Bonar's personal liability may create conflicts between his fiduciary duties to the Company and its shareholders versus his personal financial interests in avoiding or minimizing draws on his personal guaranty; (iii) Mr. Bonar may face conflicting incentives regarding whether the Company should contribute additional capital to Genefic, liquidate collateral, or pursue other remedies that could impact his personal liability and (iv) Mr. Bonar may seek, and the Board may consider, additional compensation, indemnification, or reimbursement arrangements related to his personal guaranty obligations, creating potential related party transactions. Pursuant to the terms of the agreements, the Company is also a party to the agreements and has granted the Secured Party a first-priority security interest in substantially all of its assets. Additionally, the Company has pledged 100% of its equity interests in all of its direct and indirect subsidiaries to the Secured Party as collateral to secure Genefic's obligations under the Agreement. The security interest and pledge encompass assets and equity interests across all of the Company's business segments. This arrangement effectively subordinates the Company's assets to the obligations of its subsidiary, Genefic, and grants the Secured Party rights to liquidate parent company assets in the event of default by Genefic. The Company's Board of Directors approved this upstream guarantee and pledge of parent company assets after determining that the financing arrangement would benefit the consolidated enterprise by enabling Genefic to obtain financial guarantees necessary for its healthcare operations. The Company did not receive separate consideration for providing this guarantee and collateral beyond the benefits to Genefic. The agreements are material to the Company as they provide Genefic with access to financial guarantees and revolving credit to support its operations in healthcare services, including specialty pharmacy and related activities. The full text of the SBLC Agreement and the ARL Agreement are available at https://tinyurl.com/btxz9y5e and https://tinyurl.com/ypdh58jy. About Dalrada Dalrada Financial Corporation accelerates change for current and future generations by harnessing true potential and developing products and services that become transformative innovations. It five business divisions: Genefic, Dalrada Climate Technology, Dalrada Precision Manufacturing, Dalrada Technologies, and Dalrada Corporate. Within each of these divisions, the Company drives transformative innovation while creating solutions that are sustainable, accessible, and affordable. Dalrada's global solutions directly address climate change, gaps in the health care industry, and technology needs that facilitate a new era of human behavior and interaction and ensure a bright future for the world around us. San Diego, California-based CM3 Advisory, the Company's auditor since 2024, issued a "going concern" qualification in its report dated September 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $17,984,117 in total assets, $30,582,753 in total liabilities, and $12,598,636 in total stockholders' deficit. DARE BIOSCIENCE: Closes Initial Tranche of $24.3MM Unit Offering ---------------------------------------------------------------- Dare Bioscience, Inc. disclosed in a regulatory filing that on January 27, 2026, it completed the initial closing of its Regulation A offering of up to 4,854,000 units, each consisting of one share of Series A Preferred Stock and two warrants, each to purchase one share of Common Stock, with each Investor Unit being offered at an offering price of $5.00. The closing price of Dare's common stock on January 26, 2026, was $1.90, and because the Initial Conversion Price exceeded the sum of that closing price plus $0.125, the limitations under Nasdaq Listing Rule 5635(d) that could have applied to the conversion of the Series A Preferred Stock and to the exercise of the Investor Warrants issued in the Offering will not apply to any of the shares of Series A Preferred Stock or the Investor Warrants that are part of the up to 4,854,000 Investors Units that may be issued in the Offering. The Offering is being conducted pursuant to the Company's offering statement on Form 1-A (File No. 024-12688), as amended, which was qualified by the U.S. Securities and Exchange Commission on January 5, 2026, and the offering circular, dated January 6, 2026, which forms a part thereof. The Offering is being conducted on a "best efforts" basis pursuant to a selling agency agreement, dated January 5, 2026, between Dare and Digital Offering, LLC, acting as the lead selling agent for the Offering. Digital Offering is not required to sell any specific number or dollar amount of Investor Units. Dare said, "We will pay to Digital Offering a placement fee equal to 7.25% of the offering price per Investor Unit sold in the Offering. We will also issue Agent Unit Warrants (as defined below) to purchase that number of Agent Units equal to 3% of the total number of Investor Units sold in the Offering. In addition, we paid Digital Offering a $25,000 consulting fee and reimbursed or will reimburse Digital Offering for up to $85,000 of its reasonable, out-of-pocket, and documented fees and expenses incurred in connection with the Offering." The Investor Warrants are exercisable at any time after issuance through the 36-month anniversary of their date of issuance at an exercise price of $4.00 per share of Common Stock, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events. Notwithstanding the foregoing, there are certain limitations on the exercise of the Investor Warrants to the extent a holder (together with its affiliates) would own more than 4.99% of the outstanding Common Stock immediately after exercise, and to the extent the issuance would result in a change of control of Dare under Nasdaq Listing Rule 5635(b), unless Dare obtains stockholder approval of such issuance in accordance with such rule. The shares of Series A Preferred Stock and the Investor Warrants that are part of the Investor Units are immediately separable and will be issued separately, but must be purchased together as an Investor Unit in the Offering. The Investor Units have no stand-alone rights and will not be certificated or issued as stand-alone securities. The Investor Units will be issued pursuant to the terms of a subscription agreement between Dare and each investor in the Offering. None of the Investor Units, the Series A Preferred Stock, or the Investor Warrants are currently listed on any exchange or quoted in any automated dealer quotation system or other over-the-counter market, and we do not intend to seek a listing or quotation for any of them. The offering price of the Investor Units is not related to, nor may it reflect, the market price of the Common Stock after the Offering. At the initial closing of the Offering, Dare issued an aggregate of 5,090 Investor Units consisting of 5,090 shares of Series A Preferred Stock and Investor Warrants to purchase up to 10,180 shares of Common Stock. As of immediately prior to the initial closing of the Offering, the Company had no shares of preferred stock outstanding. Dare intends to conduct multiple closings in connection with the Offering on a rolling basis. The Offering will terminate at the earliest of: (i) the date on which the maximum offering amount of Investor Units has been sold, (ii) January 5, 2027 (one year after the date on which the Offering Statement was qualified by the SEC) and (iii) the date on which we determine to terminate the Offering, which Dare may do in its sole discretion at any time and for any reason or no reason. The Offering Circular also relates to: (i) 145,620 warrants to purchase up to 145,620 units issuable to the selling agent(s) for the Offering, each Agent Unit consisting of one share of our Series A Preferred Stock and two warrants, each to purchase one share of Common Stock, (ii) up to 145,620 shares of Series A Preferred Stock issuable upon exercise of the Agent Unit Warrants and up to 291,240 shares of Common Stock issuable upon conversion of such shares of Series A Preferred Stock, and (iii) up to 291,240 warrants issuable upon exercise of the Agent Unit Warrants and up to 291,240 shares of Common Stock issuable upon exercise of the Agent Common Warrants. Dare will issue Agent Unit Warrants to purchase that number of Agent Units equal to 3% of the total number of Investor Units sold in the Offering. The exercise price per Agent Unit Warrant is $6.25, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events. The Agent Unit Warrants and the securities comprising and underlying the Agent Unit Warrants are not transferable for a period of 180 days after January 7, 2026, the date of commencement of sales in the Offering (in compliance with FINRA Rule 5110(e)(1)). The Agent Unit Warrants will expire on January 7, 2031, which is the five-year anniversary of the date of commencement of sales in the Offering. The exercise price per Agent Common Warrant is $4.00 per share, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events. The terms of the Agent Common Warrant are substantially similar to the terms of the Investor Warrant, except that the Agent Common Warrant is subject to the Agent Lock-up Restriction. At the initial closing of the Offering, Dare issued 152 Agent Unit Warrants to Digital Offering to purchase up to 152 Agent Units. Full text copies of the form of the Selling Agency Agreement, the Subscription Agreement and the form of each of the Investor Warrant, the Agent Unit Warrant, and the Agent Common Warrant are available at https://tinyurl.com/4a7pdwbj, https://tinyurl.com/3m4b6uca, and https://tinyurl.com/42xndwtf, respectively. Certificate of Designation: On January 23, 2026, in anticipation of the initial closing of the Offering Dare filed a Certificate of Designation of Series A Convertible Preferred Stock with the Secretary of State of the State of Delaware, which became effective upon filing. The Certificate of Designation designates 4,999,620 shares of Dare's authorized preferred stock, $0.01 par value per share, as Series A Convertible Preferred Stock and establishes the following powers, preferences and rights, and qualifications, limitations and restrictions of such series of preferred stock: -- Voting Rights. Except as required by law, the Series A Preferred Stock has no voting rights. -- Ranking. The Series A Preferred Stock ranks, as to rights upon our liquidation, dissolution, or winding up, senior to our common stock, $0.0001 par value per share. The terms of the Series A Preferred Stock do not limit Dare's ability to: (i) incur indebtedness or (ii) issue additional equity securities that are senior in rank to the Series A Preferred Stock as to dividend or distribution rights and rights upon our liquidation, dissolution or winding up. -- Stated Value. Each share of the Series A Preferred Stock has an initial stated value of $5.00, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events affecting the Series A Preferred Stock. -- Dividend Rights. Holders of the Series A Preferred Stock are not entitled to receive any dividends. -- Liquidation Preference. The liquidation preference for each share of the Series A Preferred Stock is $5.00 per share, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events affecting the Series A Preferred Stock. Upon Dare's liquidation, dissolution or winding up, to the extent it has the cash available, holders of shares of the Series A Preferred Stock will be entitled to receive the liquidation preference with respect to their shares of Series A Preferred Stock. -- Company Call Option. Commencing on the third anniversary of the initial closing of the Offering and continuing indefinitely thereafter, we will have a right to call for redemption the outstanding shares of the Series A Preferred Stock at a per share call price equal to the lesser of: (i) the stated value per share plus a non-compounded rate of return calculated at 8% per annum, and (ii) 200% of the stated value per share, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events affecting the Series A Preferred Stock. To exercise the call right, Dare will notify each holder of record of the then outstanding shares of Series A Preferred Stock that it will redeem all or a part of the outstanding shares on a date that is no earlier than 20 and no later than 60 days after the date of notice. If less than all the outstanding shares are to be redeemed, Dare will redeem the shares on a pro rata basis, selection by lot or in such other equitable manner it determines. -- Conversion at Option of Holder. At any time after issuance, each share of the Series A Preferred Stock is convertible at the option of the holder thereof into shares of Common Stock at a conversion price of $2.50 per share, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events. Accordingly, each share of the Series A Preferred Stock is initially convertible into two shares of Common Stock. -- Forced Conversion. If at any time after issuance, any of the following events occurs, Dare will have the right to require the holders of shares of Series A Preferred Stock to convert all, or any portion of, their shares of Series A Preferred Stock into shares of Common Stock: (a) a change in control, (b) if the closing price of the Common Stock is at or above $4.50 per share, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events, for any 10 trading days out of any 30 consecutive trading day period, or (c) if Dare consummates a firm commitment public offering of shares of Common Stock resulting in gross proceeds of at least $15.0 million at an offering price per share equal to or greater than $4.50, subject to customary adjustments in the event of stock dividends, stock splits, reorganizations or similar events. -- Limitations on Conversion. Notwithstanding the conversion rights, to the extent prohibited by applicable rules of The Nasdaq Stock Market LLC or any other national securities exchange or trading market on which Dare's capital stock is listed, Dare will not issue shares of Common Stock upon conversion of shares of Series A Preferred Stock if such issuance will result in a change of control of Dare under Nasdaq Listing Rule 5635(b) or would violate Nasdaq Listing Rule 5635(d), in each case, unless it obtains stockholder approval of such issuance in accordance with such applicable rules. For purposes of Nasdaq Listing Rule 5635(b), generally, a change of control would be considered to occur if the issuance of shares of Common Stock to a holder would result in such holder, or a group of investors that includes such holder, owning, or have the right to acquire, 20% or more of the outstanding shares of Common Stock and such ownership position would be the largest ownership position in Dare. As it applies to the Offering, Nasdaq Listing Rule 5635(d) generally provides that if the initial conversion price of the Series A Preferred Stock is less than the "Minimum Price" (as such term is defined in Nasdaq Listing Rule 5635(d)) plus $0.125 (with such amount added to account for the valuation, under the Nasdaq Listing Rules, of the warrants issued as part of the units in the Offering), stockholder approval is required prior to the issuance of shares of Common Stock in the Offering that equals or exceeds 20% or more of the total number of shares of Common Stock outstanding as of immediately prior the initial closing the Offering. -- No Redemption Right. The Series A Preferred Stock has no maturity date, and we are not required to redeem any of the Series A Preferred Stock at any time. Accordingly, unless converted into shares of Common Stock or we exercise our call option, issued shares of Series A Preferred Stock will remain outstanding indefinitely. -- Fully Paid and Non-assessable. The shares of Series A Preferred Stock issued in the Offering will be fully paid and nonassessable. The full text of the Certificate of Designation is available at https://tinyurl.com/576fv8va About Dare Bioscience Dare Bioscience, Inc. is a biopharmaceutical company committed to advancing innovative products for women's health. The Company's mission is to identify, develop, and bring to market a diverse portfolio of differentiated therapies that prioritize women's health and well-being, expand treatment options, and improve outcomes, primarily in the areas of contraception, vaginal health, reproductive health, menopause, sexual health, and fertility. Irvine, California-based Haskell & White LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has recurring losses from operations and is dependent on additional financing to fund operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $30.7 million in total assets, $27.9 million in total liabilities, and $2.8 million in total stockholders' equity. DAVE KEYTE: Seeks Chapter 7 Bankruptcy in Oregon ------------------------------------------------ On January 30, 2026, Dave Keyte Trading LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Oregon. According to court filings, the debtor reports between $100,001 and $1,000,000 in liabilities owed to 1–49 creditors. About Dave Keyte Trading LLC Dave Keyte Trading LLC is a limited liability company. Dave Keyte Trading LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30338) on January 30, 2026. In its petition, the debtor reports estimated assets between $0 and $100,000 and estimated liabilities ranging from $100,001 to $1,000,000. Honorable Bankruptcy Judge Peter C. McKittrick handles the case. The debtor is represented by Michael D. O’Brien, Esq., of Michael D. O'Brien & Associates, P.C. EAGLELINE SHIPPING: Seeks Chapter 7 Bankruptcy in Florida --------------------------------------------------------- On January 29, 2026, Eagleline Shipping, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About Eagleline Shipping, LLC Eagleline Shipping, LLC is a Florida-based shipping and logistics company providing freight and transportation services to commercial clients. The company manages cargo handling, delivery, and regional shipping solutions throughout its service areas. Eagleline Shipping, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00759) on January 29, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Caryl E. Delano handles the case. The Debtor is represented by Jake C. Blanchard, Esq. of Blanchard Law, P.A. EAST LA HOME: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: East LA Home Improvement LLC 606 East Mill Street San Bernardino, CA 92415 Business Description: East LA Home Improvement LLC is a single- asset real estate company that owns and leases a commercial office property at 606 East Mill Street in San Bernardino, California, with a comparable sale value of $3.8 million. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10788 Judge: Hon. Magdalena Reyes Bordeaux Debtor's Counsel: Kevin Tang, Esq. TANG & ASSOCIATES 17011 Beach Blvd Suite 900 Huntington Beach, CA 92647 Tel: 714-594-7022 Fax: 714-421-4439 E-mail: kevin@tang-associates.com Total Assets: $4,400,000 Total Liabilities: $3,028,185 The petition was signed by Habibollah Elahinejad as managing member. The Debtor has declared in the petition it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Q7RPMPA/East_LA_Home_Improvement_LLC__cacbke-26-10788__0001.0.pdf?mcid=tGE4TAMA ECOM AUTHORITY: Seeks 90-Day Extension of Plan Filing Deadline -------------------------------------------------------------- ECom Authority, LLC asked the U.S. Bankruptcy Court for the Southern District of Florida to extend its exclusivity periods to file a plan of reorganization and obtain acceptance for additional ninety days. The Debtor explains that while the Bankruptcy Code does not define "cause" under Section 1121(d)(1), courts have analyzed cause to extend the Exclusivity Periods under non-exclusive factors. These factors support granting Debtor's requested extension of the Exclusivity Periods as follows: * Size and complexity of the case. This case involves over $45 million in asserted claims filed by 408 creditors, an ongoing inventory liquidation process, and potential litigation claims that require investigation. The CRO and his team have spent considerable time responding to store owner and creditor questions and information requests and dealing with various governmental agencies. The size and scope of these issues justify additional time. * Necessity of sufficient time to prepare adequate information. The Debtor will be able to provide more meaningful disclosure after it has a clearer picture of the estate's assets, including the proceeds from inventory sales, the amount of inventory that has been and continues to be returned to the warehouse, and more information on potential litigation claims. * Existence of good faith progress toward reorganization. The Debtor has made substantial progress. It obtained approval for and has been actively conducting inventory sales. It has retained special litigation counsel who has issued subpoenas and is investigating potential claims. * Progress negotiating with creditors. The Debtor has worked cooperatively with SFI to structure the sale carve-out and to manage the ongoing liquidation. The Debtor has and will continue working with the Committee as it prepares a Chapter 11 plan. * Whether the debtor is seeking an extension to pressure creditors. The Debtor is not seeking an extension to pressure creditors. The Debtor hopes its eventual plan of liquidation will have the support of its creditor body. * Whether unresolved contingencies exist. Several unresolved contingencies exist: the inventory liquidation is ongoing, the investigation of litigation claims is in its early stages, and the Debtor needs to begin to review the proofs of claim, including the extent, validity, and priority of SFI's secured claims. Ecom Authority, LLC is represented by: Michael S. Hoffman, Esq. Lessne Hoffman, PLLC 100 SE 3rd Avenue, 10th Floor Fort Lauderdale, FL 33394 Telephone: (954) 372-5759 Email: mhoffman@lessnehoffman.law Ecom Authority LLC Ecom Authority, LLC, is a wholesaler doing business in Texas. On July 9, 2025, Austin Collins and four other creditors filed an Chapter 7 involuntary petition against Ecom Authority (Bankr. S.D. Fla. Case No. 25-17808). The creditors are represented by Patricia A. Redmond, Esq., at Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. The Debtor filed a motion to convert the involuntary case from chapter 7 to chapter 11 pursuant to Local Rule 1013−1(B). Judge Laurel M. Isicoff on Oct. 3, 2025, ordered that relief under chapter 11 of the Bankruptcy Code (Title 11 of the United States Code) is granted. The Debtor tapped Michael S. Hoffman, Esq., at Lesse Hoffman, PLLC as bankruptcy counsel; and Bast Amron, LLP and Phang & Feldman, PA as special litigation counsel. Guy Van Baalen, Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee is represented by Markowitz, Ringel, Trusty & Hartog, P.A. ECUBE LABS: Plan Exclusivity Period Extended to May 11 ------------------------------------------------------ Judge Mark Mullin of the U.S. Bankruptcy Court for the Northern District of Texas extended Ecube Labs Co.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 11 and July 10, 2026, respectively. As shared by Troubled Company Reporter, consideration of the factors favors granting the extension of the exclusivity periods as requested by the Debtor: * The size and complexity of the case. While the Debtor does not have tons of creditors, the Debtor has focused its efforts on obtaining post-petition financing and stabilizing its operations since the Petition Date while battling heated objections from the Waste Connections Parties at each step along the way. Thus, even if this chapter 11 case is not particularly large, it's become complex from the litigious nature of a party in interest. * The necessity of sufficient time to permit the Debtor to negotiate a plan of reorganization and prepare adequate information. The final hearing on the DIP Motion will not occur until January 22, only a few days before the original exclusivity period to propose a reasonably confirmable plan. As such, granting the Debtor additional time after the January 22 Hearings to formulate a confirmable plan hopefully on a consensual basis with creditors is reasonable and fair and in the best interest of the estate and its creditors. * The Debtor's Good Faith Progress. Since the Petition Date, the Debtor has focused its efforts on stabilizing its operations for future growth. This process has not been made easy with objections and challenges from the Waste Connections Parties. Notwithstanding such challenges, the Debtor believes the record of this case demonstrates the Debtor's good faith efforts in maximizing value of the assets of the estate for all creditors and forging a way for a successful reorganization. * Whether the Debtor demonstrated reasonable prospects for filing a viable plan. The Debtor has now been able to obtain authorization to assume the Hauler Agreements with nine of its most important and critical independent haulers. If the DIP Facility is approved on the final basis, the Debtor would be able to draw on the final $500,000 which will help to onboard new customers and expand revenues. All of these elements support this factor because the Debtor's prospects of proposing a viable plan have improved throughout the pendency of this bankruptcy case. * Whether the Debtor is seeking an extension of exclusivity to pressure creditors to submit to the Debtor's reorganization demands. The Debtor is not seeking an extension of exclusivity as a tactic to pressure creditors. Indeed, the Debtor has not yet made any reorganization "demands" on any creditors in this case. Rather, the Debtor seeks this extension to allow the time needed to formulate a plan in the first instance. The Debtor's goal is not to pressure creditors, but to propose and confirm a plan that maximizes the return to creditors. Ecube Labs Co. is represented by: Emily S. Chou, Esq. J. Blake Glatstein, Esq. Mary Taylor Stanberry, Esq. VARTABEDIAN HESTER & HAYNES LLP 301 Commerce Street, Suite 2200 Fort Worth, Texas 76102 Tel: (817) 214-4990 E-mail: emily.chou@vhh.law blake.glatstein@vhh.law mary.stanberry@vhh.law About Ecube Labs Co. Ecube Labs Co., doing business as Haulla, arranges waste collection, junk removal, and dumpster rental services for commercial customers by connecting them with local haulers. The Company manages and coordinates disposal services to help businesses reduce costs and improve efficiency. Founded in 2017 and based in Alhambra, California, Haulla serves clients including restaurants, retail stores, offices, auto shops, and other commercial establishments in markets such as Los Angeles, Dallas, Houston, Austin, and Baltimore. Ecube Labs Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-43950) on Oct. 10, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million. The Debtor is represented by Emily S. Chou, Esq. of VARTABEDIAN HESTER & HAYNES LLP. EDDIE BAUER: Plans to File for Chap. 11, To Close Around 180 Stores ------------------------------------------------------------------- Eddie Bauer is preparing for another bankruptcy as its North American retail operator moves toward a court filing that would likely shutter hundreds of stores, according to multiple news sources. The expected filing underscores ongoing challenges facing physical retail chains. The outdoor apparel brand was founded in Seattle in 1920 and has built a reputation around clothing and gear for hiking, travel, and outdoor recreation. Eddie Bauer's website lists more than 250 North American store locations, according to report. Business Insider reported February 2, 2026 that Catalyst Brands, which operates Eddie Bauer's brick-and-mortar stores in the United States and Canada, is preparing to file for Chapter 11 protection. Roughly 180 stores could close as a result, including eight in Wisconsin, while international stores would remain open. Several bidders are reportedly interested in acquiring rights to operate some or all of the North American locations, potentially allowing stores to reopen under a different retailer's name. Eddie Bauer has previously restructured through bankruptcy filings in 2003 and 2009, according to Milwaukee Journal Sentinel. The Eddie Bauer stores in Wisconsin are: * Wauwatosa: Mayfair, 2500 North Mayfair Road * Pleasant Prairie: Pleasant Prairie Premium Outlets, 11601 108th St. * Appleton: Fox River Mall, 4301 W. Wisconsin Ave. * Baraboo: Outlets at the Dells, 210 Gasser Road * Eau Claire: Oakwood Mall, 4800 Golf Road * Johnson Creek: Johnson Creek Premium Outlets, 595 W. Linmar Lane * Madison: West Towne Mall, 66 West Towne Mall Space * Oshkosh: The Outlet Shoppes at Oshkosh, 3001 S. Washburn St. About Eddie Bauer Eddie Bauer is an outdoor apparel brand was founded in Seattle in 1920 and has built a reputation around clothing and gear for hiking, travel, and outdoor recreation. It sells outdoor apparel, footwear, and equipment designed for travel and adventure. The company currently reports operating over 250 locations throughout North America. EKSO BIONICS: Daniel Asher Holds 16.51% Equity Stake ---------------------------------------------------- Daniel Asher, Daniel Asher Descendants Trust, and DBA Trading, LLC, disclosed in a Schedule 13G (Amendment No. 2) filed with the U.S. Securities and Exchange Commission that as of January 22, 2026, they beneficially own 677,723 shares of ordinary shares, with shared voting and dispositive power; Daniel Asher is the beneficial owner and deemed to control DBA Trading, LLC holding 156,763 shares and the Daniel Asher Descendants Trust holding 355,960 shares of Ekso Bionics Holdings, Inc.'s ordinary shares, nominal value $0.01 per share, representing 16.51% of shares outstanding. Daniel Asher may be reached through: Daniel Asher 1011 Lake Street Suite 311 Oak Park, IL 60301 A full-text copy of Daniel Asher's SEC report is available at: https://tinyurl.com/3txj24rh About Ekso Bionics Holdings San Rafael, Calif.-based Ekso Bionics Holdings, Inc. designs, develops, and markets exoskeleton products to augment human strength, endurance, and mobility. San Francisco, Calif.-based WithumSmith+Brown PC, the Company's auditor since 2010, issued a 'going concern' qualification in its report dated March 3, 2025, citing that the Company has an accumulated deficit on December 31, 2024 and, since inception, has suffered significant operating losses and negative cash flows from operations. The Company expects to generate operating losses and negative operating cash flows in the future and will require additional funding to support the Company's planned operations which raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $21.66 million in total assets, $11.98 million in total liabilities, and $9.68 million in total stockholders' equity. ENTECCO FILTER: Seeks to Sell Assets via Online Public Auction -------------------------------------------------------------- Entecco Filter Technology, Inc., seeks permission from the U.S. Bankruptcy Court for the Middle District of North Carolina, Winston-Salem Division, to sell Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor's Assets are comprised of tangible personal property with an unknown value including but not limited to raw materials, work in progress, finished goods, office furnishings and fixtures, two forklifts, one vehicle, and other machinery, fixtures, and equipment. All remaining items owned by Debtor, including but not limited to items listed in the attached Exhibit A. https://urlcurt.com/u?l=ouRk7o The Debtor believes the sale of the Property before plan confirmation is necessary to prevent dissipation of assets, as the Debtor is no longer operating its business and may soon run out of all cash. The Debtor employs Iron Horse Auction Co., Inc. to sell the Property. The Auctioneer has the capabilities and experience to adequately provide these services. The Debtor believes that the best disposition of the Property is by holding an online public sale beginning on March 12, 2026, at 8:00 a.m. and ending at 12:00 p.m. on March 19, 2026, with extended bidding, or at such other later dates and times as may be mutually agreed upon by the Debtor and Auctioneer. The Debtor seeks authority to use its business judgment to postpone or modify the timing of the auction(s), should circumstances warrant, for a period of up to 90 days from entry of the order granting this Motion, unless further extended by the Court. About Entecco Filter Technology Entecco Filter Technology, Inc., is a Delaware-based environmental technology company, specializing in air purification systems and filter products used in various industries. Entecco filed Chapter 11 petition (Bankr. M.D.N.C. Case No. 24-50707) on September 19, 2024, listing between $1 million and $10 million in both assets and liabilities. James David Edgerton, president and chief executive officer, signed the petition. Judge Lena M. James oversees the case. The Debtor is represented by James C. Lanik, Esq., at Waldrep Wall Babcock & Bailey, PLLC. Secured creditor PNC Bank, N.A. is represented by Brian D. Darer, Esq., at Parker Poe Adams & Bernstein, LLP, in Raleigh, North Carolina. ENVERIC BIOSCIENCES: Raises $1.5MM in Registered Direct Offering ---------------------------------------------------------------- Enveric Biosciences, Inc. disclosed in a regulatory filing that on January 27, 2026, it entered into a Securities Purchase Agreement with certain institutional investors, pursuant to which the Company agreed to issue and sell to the Investors in a registered direct offering, an aggregate of 328,802 shares of the Company's common stock, par value $0.01 per share, at a price of $4.41 per share for gross proceeds of approximately $1.5 million before the deduction of placement agent fees and offering expenses. The closing of the Registered Direct Offering occurred on January 28, 2026. The Shares were offered by the Company pursuant to a shelf registration statement on Form S-3 (File No. 333-280721), which was initially filed with the Securities and Exchange Commission on July 8, 2024, as amended on April 10, 2025, and was declared effective by the Commission on April 17, 2025, including a prospectus supplement filed with the Commission on January 28, 2026. In a concurrent Private Placement, pursuant to the terms of the Purchase Agreement, the Company also agreed to issue and sell unregistered Series G warrants to purchase up to 328,802 shares of Common Stock, and unregistered Series H warrants to purchase up to 328,802 shares of Common Stock. The Common Warrants have an exercise price of $4.16 per share (subject to customary adjustments as set forth in the Common Warrants) and are exercisable immediately. The Series G Warrants will expire five (5) following the effective date of the Resale Registration Statement, and the Series H Warrants will expire eighteen (18) months following the effective date of the Resale Registration Statement. The Common Warrants contain customary anti-dilution adjustments to the exercise price, including for share splits, share dividends, rights offering and pro rata distributions. The Company has agreed to file a registration statement providing for the resale of the shares issuable upon the exercise of the Common Warrants and warrants issued to its placement agent within thirty calendar days after the closing date. A holder of a Common Warrant will not have the right to exercise any portion of its warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% (or 9.99% at the election of the holder prior to the date of issuance) of the number of shares of Common Stock outstanding immediately after giving effect to such exercise; provided, however, that upon 61 days' prior notice to the Company, the holder may increase or decrease the Beneficial Ownership Limitation, provided that in no event shall the Beneficial Ownership Limitation exceed 9.99%. In the Purchase Agreement, we agreed not to issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock for a period of 15 days following the closing of the Offerings. The Company currently intends to use the net proceeds from the Offerings, estimated to be approximately $1.25 million, for product development, working capital and general corporate purposes. H.C. Wainwright & Co., LLC acted as the exclusive placement agent in connection with the Offerings under an Engagement Letter, dated as of December 8, 2024, as amended on January 14, 2025, June 5, 2025, November 11, 2025, and December 16, 2025. Pursuant to the Engagement Letter, the Company agreed to pay the Placement Agent a cash fee equal to 7.0% of the aggregate gross proceed of the Offerings as well as a management fee equal to 1.0% of the aggregate gross proceeds of the Offerings. The Company also agreed to pay the Placement Agent up to $35,000 for accountable expenses including the Placement Agent's legal fees and expenses, and $10,000 for a clearing agent fee. It also issued warrants to purchase up to 23,016 shares of Common Stock to the Placement Agent (including its designees). The Placement Agent Warrants have an exercise price equal to $5.5125 per share and are exercisable for five (5) years from the commencement of sales in the Offerings. The Common Warrants and Placement Agent Warrants and the shares of our Common Stock issuable upon the exercise of the Common Warrants and Placement Agent Warrants are not being registered under the Securities Act of 1933, as amended, are not being offered pursuant to the Registration Statement, and are being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and Rule 506(b) promulgated thereunder. The Company agreed to indemnify the Placement Agent against certain liabilities relating to or arising out of the Placement Agent's activities under the Engagement Letter and to contribute to payments that the Placement Agent may be required to make in respect of such liabilities. The Private Placement closed on January 28, 2026. The Purchase Agreement has been filed as an exhibit to this Current Report on Form 8-K to provide investors and stockholders with information regarding its terms. It is not intended to provide any other information about the parties to the Purchase Agreement, or any of their respective affiliates. The representations, warranties and covenants in the Purchase Agreement were made only for the purposes of such agreement and as of specified dates, were solely for the benefit of the parties to that agreement and may be subject to limitations agreed upon by the parties. The representations and warranties may have been made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts and may be subject to standards of materiality applicable to the parties that differ from those applicable to investors. Investors are not third-party beneficiaries under the Purchase Agreement. Accordingly, the representations, warranties and covenants may not accurately represent the current state of the Company's affairs at any time. Full text copies of the Purchase Agreement, the Common Warrants and the Placement Agent Warrants are available at https://tinyurl.com/ray83ksk, https://tinyurl.com/532v7492, https://tinyurl.com/5n8ekyuy, and https://tinyurl.com/59sy7nex. A full text copy of the opinion of Greenberg Traurig, LLP relating to the validity of the issuance and sale of the Shares is available at https://tinyurl.com/2rhzf2mw About Enveric Biosciences Enveric Biosciences (NASDAQ: ENVB) -- http://www.enveric.com/-- is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, The Psybrary, the Company has created a robust intellectual property portfolio of new chemical entities for specific mental health indications. The Company's lead program, the EVM201 Series, comprises next generation synthetic prodrugs of the active metabolite, psilocin. The Company is developing the first product from the EVM201 Series "EB-002" for the treatment of psychiatric disorders. The Company is also advancing its second program, the EVM301 Series "EB 003" expected to offer a first-in-class, new approach to the treatment of difficult-to-address mental health disorders, mediated by the promotion of neuroplasticity without also inducing hallucinations in the patient. Morristown, New Jersey-based Marcum LLP, the Company's former auditor, issued a "going concern" qualification in its report dated March 28, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 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. Enveric Biosciences had total assets amounting to $3.5 million, total liabilities (all current) of $1.4 million, and total shareholders' equity of $2.2 million as of June 30, 2025. ERIC VICK: Seeks Chapter 7 Bankruptcy in Massachusetts ------------------------------------------------------ On January 27, 2026, Eric Vick LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1 to 49 creditors. About Eric Vick LLC Eric Vick LLC is a limited liability company. Eric Vick LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30037) on January 27, 2026. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. ESCALON MEDICAL: Receives $1MM First Installment From Optos Sale ---------------------------------------------------------------- Escalon Medical Corp. announced that it is a party to an Asset Purchase Agreement with Optos Public Limited Company, a company incorporated in Scotland. Pursuant to the Asset Purchase Agreement, the Company agreed to sell to Optos certain software-related assets associated with the Company's AXIS platform in exchange for the aggregate purchase price of $3,000,000. The purchase price is payable in three milestone installments, each in the amount and subject to the conditions as set forth in the Asset Purchase Agreement, in addition to $25,000 which was paid upon the execution by the Company and Optos of a term sheet with respect to the Disposition. On January 23, 2026, the Company completed the Disposition and received the first milestone installment in the amount of $1,000,000. The Asset Purchase Agreement contains customary terms and conditions for a transaction of this nature, including, without limitation, representations, warranties, covenants, closing conditions, indemnification and termination provisions. A full text copy of the Asset Purchase Agreement is available at https://tinyurl.com/57vmb287 About Escalon Headquartered in Wayne, Pennsylvania, Escalon Medical Corp. operates in the healthcare market, specializing in the development, manufacture, marketing and distribution of medical devices for ophthalmic applications. Marlton, New Jersey-based CBIZ, CPAs P.C., the Company's auditor since 2010, issued a "going concern" qualification in its report dated September 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has historically incurred recurring losses from operations and incurred negative cash flows from operating activities, and currently the Company has adverse ratios of cash to current liabilities and days payable outstanding. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had total assets of $4,581,639, $2,906,384 in total liabilities, and $1,675,255 in total shareholders' equity. FANATICS HOLDINGS: S&P Withdraws 'BB-' Issuer Credit Rating ----------------------------------------------------------- S&P Global Ratings withdrew all its ratings on Fanatics Holdings Inc. (FHI) and its operating subsidiary, Fanatics Collectibles Intermediate Holdco Inc., including the 'BB-' issuer credit rating, at the issuer's request, following the repayment of the company's remaining rated term loans in the back half of FY2025. S&P said, "The company's fiscal 2025 financial statements were not available, which would have allowed us to update our analysis prior to withdrawal. Based on the information available to us at the time of the withdrawal, our outlook on the company was negative." FIRST BRANDS: Founder Taps Hamptons Estate to Post $50MM Bond ------------------------------------------------------------- David Voreacos and Jonathan Randles of Bloomberg News report that during the January 29, 2026 hearing in Cleveland federal court, a judge approved a $50 million bond for First Brands founder Patrick James, allowing him to remain free while he faces federal fraud charges connected to his company’s multibillion-dollar bankruptcy. A portion of the bond is secured by James’ Hamptons residence, and he must also put up $5 million in cash to ensure compliance with release conditions. Prosecutors in the case allege that James orchestrated a broad scheme to defraud lenders by presenting fraudulent financial information and invoices to secure financing that helped fuel the company’s rise and eventual collapse. James has pleaded not guilty and maintains his innocence as the case moves forward toward trial, the report relays. At the same time, his brother and co-defendant Edward James, who faces a $25 million bond, sought in New York to relax aspects of his bail terms, including home confinement and 24-hour monitoring requirements. Both James brothers are scheduled to make their next court appearances in the coming days, according to report. About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. FLEMING'S LAWNCARE: Seeks Chapter 7 Bankruptcy in South Carolina ---------------------------------------------------------------- On January 6, 2026, Fleming's Lawncare Services LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of South Carolina. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 1 to 49 creditors. About Fleming’s Lawncare Services LLC Fleming's Lawncare Services LLC is a lawn care and landscaping services provider offering residential and commercial property maintenance solutions. The company focuses on routine lawn maintenance, groundskeeping, and related outdoor services. Fleming's Lawncare Services LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00061) on January 6, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge L. Jefferson Davis IV handles the case. FLUENT INC: Phillip Frost, Frost Gamma Trust Hold 24.7% Stake ------------------------------------------------------------- Phillip Frost, M.D. and Frost Gamma Investments Trust, disclosed in a Schedule 13D (Amendment No. 27) filed with the U.S. Securities and Exchange Commission that as of December 22, 2025, they beneficially own 7,874,166 shares of common stock -- with Frost Gamma Investments Trust holding 7,865,832 shares including shares underlying a convertible subordinated promissory note, warrants issued May 19, 2025, and warrants issued August 19, 2025; Dr. Frost is trustee of Gamma Trust and may be deemed beneficial owner -- of Fluent, Inc.'s common stock, par value $0.0005 per share, representing 24.7% of the 30,287,597 shares outstanding as of November 12, 2025, per the Company's Form 10-Q filed November 14, 2025. Phillip Frost, M.D. may be reached through: Daniel Barsky, Esq. 300 Vesey Street, 9th Floor New York, NY 10282 Tel: (646) 669-7272 A full-text copy of Phillip Frost, M.D.'s SEC report is available at: https://tinyurl.com/mrxhwvde About Fluent Inc. Fluent, Inc. -- https://www.fluentco.com -- provides commerce media solutions that connect brands with consumers through customer acquisition and digital marketing campaigns. The Company utilizes proprietary machine learning, first-party data, and diverse ad inventory across partner ecosystems and owned sites. Headquartered in the U.S., Fluent has operated in the performance marketing sector since 2010. New York, New York-based Grant Thornton LLP issued a "going concern" qualification in its report dated March 31, 2025, citing that as of Dec. 31, 2024, the Company was not in compliance with financial covenants of the SLR Credit Agreement. On March 10, 2025, the Company entered into the Fourth Amendment to the SLR Credit Agreement, which among other things, waived the non-compliance with the financial covenants as of Dec. 31, 2024. The Company's business plan for 2025, contemplates reduced operating losses, maintaining compliance with the revised financial covenants under the SLR Credit Agreement and obtaining additional working capital. The Company's ability to achieve the foregoing elements of its business plan and maintaining compliance with its financial covenants is uncertain and raises substantial doubt about its ability to continue as a going concern. As of June 30, 2025, the Company had $74.47 million in total assets, against $55.35 million in total liabilities. GLOBAL ALLIANCE: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Global Alliance, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral to fund operations. The court authorized the Debtor to use cash collateral effective immediately in accordance with its final budget covering January through June. The order remains effective until further court action. As adequate protection, lenders will be granted a valid and properly perfected replacement lien on all property acquired by the Debtor after the petition date that is similar to their pre-bankruptcy collateral. The replacement lien does not apply to Chapter 5 avoidance actions. The order expressly reserves all parties' rights regarding the validity, priority, and extent of any asserted liens and allows either side to seek modification after notice and a hearing. The final order is available at https://shorturl.at/LB0bh from PacerMonitor.com. Global Alliance operates a rubber reclamation and processing facility that provides recycling services, sells rubber products, and coordinates sea freight transportation for overseas customers. It acknowledges that certain revenues may constitute cash collateral and that the U.S. Small Business Administration and Identitek may assert liens against that collateral. About Global Alliance LLC Global Alliance, LLC, based in Atlanta, Georgia, engages in the processing and recycling of rubber materials, producing mixed rubber compounds for industrial customers such as tire and automotive manufacturers. The Company handles the import and export of recycled rubber and metal products and operates a recycling center in South Fulton, Georgia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-64527) on December 12, 2025. In the petition signed by JujHar Gill, sole member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge James R. Sacca oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. GRAN TIERRA: Launches Exchange Offer for 2029 Notes --------------------------------------------------- Gran Tierra Energy Inc. announced the commencement of an offer to Eligible Holders to exchange any and all of the Company's outstanding 9.500% Senior Notes due 2029 (CUSIP: 38500T AC5 / U37016 AC3; ISIN: US38500TAC53 / USU37016AC37) for newly issued 9.500% Senior Secured Notes due 2031, pursuant to the terms and subject to the conditions set forth in the exchange offer memorandum and consent solicitation statement, dated January 29, 2026. Early Participation Premium payable on the Early Settlement Date per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline (as defined below). Exchange Consideration per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) after the Early Participation Deadline but on or prior to the Expiration Deadline. The Exchange Consideration will be payable in principal amount of New Notes on the Settlement Date. The Exchange Consideration does not include Accrued Interest (as defined below). Accrued Interest will be paid in cash on the Early Settlement Date or the Settlement Date, as applicable. Eligible Holders (as defined below) who validly tender Existing Notes after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration and Accrued Interest. Total Consideration payable per each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline. The Total Consideration for the Existing Notes will be payable in a combination of cash and principal amount of New Notes on the Early Settlement Date. The Total Consideration: (i) includes the Early Participation Premium, and (ii) does not include Accrued Interest, which will be paid in cash on the Early Settlement Date. Eligible Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration and Accrued Interest. Eligible Holders validly tendering (and not withdrawing) the Existing Notes on or prior to the Early Participation Deadline will receive, in the aggregate, as a component of the Total Consideration, an amount of cash equal to the Cash Consideration (as defined below), with the remainder of the Total Consideration in principal amount of New Notes. At the Early Participation Deadline: (i) the pro rata Cash Consideration portion of the Total Consideration (which includes the Early Participation Premium) payable in cash and (ii) the balance payable in principal amount of New Notes, per US$1,000 principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline, will be determined based on the aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline and accepted for exchange. Simultaneously with the Exchange Offer, the Company is conducting a solicitation of consents from Eligible Holders of Existing Notes to effect certain proposed amendments to the indenture dated as of October 20, 2023, under which the Existing Notes were issued. The Proposed Amendments would provide for, among other things: (i) the elimination of substantially all of the restrictive covenants and associated events of default and related provisions with respect to the Existing Notes, (ii) the release of the collateral securing the Existing Notes and (iii) the amendment of certain defined terms and covenants in the Existing Indenture. The Exchange Offer and Solicitation may be amended, extended, terminated or withdrawn. The New Notes will be issued pursuant to an indenture and will be senior secured obligations. Important Dates and Times: * Commencement January 29, 2026. * Early Participation Deadline 5:00 p.m., New York City time, on February 11, 2026, unless extended or earlier terminated by the Company, in its sole discretion. * Withdrawal Deadline 5:00 p.m., New York City time, on February 11, 2026, unless extended or earlier terminated by the Company, in its sole discretion. * Early Settlement Date Promptly following the Early Participation Deadline and is expected to be the fourth business day after the Early Participation Deadline, on February 18, 2026, unless extended. * Expiration Deadline 5:00 p.m., New York City time, on February 27, 2026, unless extended or earlier terminated by the Company, in its sole discretion. * Settlement Date Promptly following the Expiration Deadline and is expected to be the first business day after the Expiration Deadline, on March 2, 2026, unless extended. Gran Tierra's obligation to accept Existing Notes tendered pursuant to the Exchange Offer and Consents delivered pursuant to the Solicitation is subject to the satisfaction of certain conditions described in the Exchange Offer Memorandum, which include: (i) the non-occurrence of an event or events or the likely non-occurrence of an event or events that would or might reasonably be expected to prohibit, restrict or delay the consummation of the Exchange Offer or materially impair the contemplated benefits to us of the Exchange Offer, (ii) the valid receipt (and not valid revocation) of the Consents of Eligible Holders of Existing Notes that, in the aggregate, represent not less than 66-2/3% in aggregate principal amount of the Existing Notes outstanding to effect the Proposed Amendments prior to the Early Participation Deadline, (iii) the valid tender (and not valid withdrawal) of Existing Notes by Eligible Holders in the Exchange Offer that, in the aggregate, represent not less than 80% in aggregate principal amount of the Existing Notes outstanding prior to the Early Participation Deadline, and (iv) the consummation of an incurrence of new indebtedness, on terms and subject to conditions satisfactory to us, that results in the receipt of net proceeds that are sufficient to pay the Cash Consideration, certain other customary conditions. The Company reserves the right to waive the conditions to the Exchange Offer at any time. Existing Notes tendered for their exchange on or prior to the Early Participation Deadline may be validly withdrawn, and the related Consents may be validly revoked, at any time prior to 5:00 p.m., New York City time, on February 10, 2026, unless extended by the Company, in its sole discretion. Eligible Holders who validly tender Existing Notes and deliver Consents, and do not validly revoke such tenders and Consents, on or prior to 5:00 p.m., New York City time, on February 11, 2026, unless extended or earlier terminated by the Company, in its sole discretion and whose Existing Notes are accepted for exchange by the Company will receive for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline, US$1,000 a portion of which will be payable in cash and the remainder will be payable in principal amount of New Notes. The Total Consideration includes an early participation premium for each US$1,000 aggregate principal amount of Existing Notes validly tendered (and not validly withdrawn) on or prior to the Early Participation Deadline equal to US$50, payable on the Early Settlement Date. GREYSTONE LOGISTICS: Major Customer Loss Sparks Going Concern Doubt ------------------------------------------------------------------- Greystone Logistics, Inc. submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended November 30, 2025. Going Concern and Management's Plan: The accompanying unaudited consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the next 12 months. At November 30, 2025, the Company has an accumulated deficit of $30,796,176. The Company recorded net loss of $2,064,095 for the three months ended November 30, 2025, compared to net loss of $204,714 for three months ended November 30, 2024. Net loss for six months ended November 30, 2025, is $3,163,117, compared to net income of $130,740 for six months ended November 30, 2024. During fiscal year 2026, the Company lost a major customer. Historical sales to this customer, on an annual basis, were approximately $30 million or 55% of total revenue. The Customer was lost during the second quarter and total sales to this customer were approximately $12 million as of November 30, 2025. The termination of this relationship may negatively impact the Company's financial condition and operating results. The Company continues to assess its customer concentration risk and is implementing strategic initiatives to broaden its customer base. Management Plans: In response, management plans to continue its efforts to expand in the present market area and increase sales to its existing customers and seek new customer opportunities. Management also intends to continue tight control over all expenditures and an increased emphasis on inventory and production management. Specifically, on October 31, 2025, the Company implemented a reduction in force of approximately 50% and has also discontinued use of temporary labor. Management plans to make sales price adjustments in the future as necessary to correspond with current contribution margins. Subsequent to the quarter ended November 30, 2025, the Company's largest lender, International Bank of Commerce (IBC), has granted the Company's request to temporarily convert the amortizing notes to interest only, due monthly, for a period of twelve months beginning January 29, 2026. Additionally, the maturity dates were extended from July 29, 2027 to July 29, 2030. Management is also in discussion with this lender regarding renewal or extension of the revolving loan. Management believes these modifications will contribute to stronger cash flow. Management believes that the successful execution of its business plan and debt modifications would alleviate the substantial doubt about the Company's ability to continue as a going concern. However, there can be no assurance that these plans will be successful. Because it is unclear whether the Company will be successful in accomplishing these objectives, there is uncertainty about the Company's circumstances, which creates substantial doubt about its ability to continue as a going concern for the next 12 months after filing of the quarterly report dated January 14, 2026. A full text copy of the Company's Quarterly Report is available at: https://tinyurl.com/ea5ytuya About Greystone Logistics Greystone Logistics, Inc. is a manufacturing company that designs, manufactures, and sells high quality plastic pallets that provide logistical solutions needed by a wide range of industries such as the food and beverage, automotive, chemical, and pharmaceutical and consumer product industries. As of November 30, 2025, the Company reported total assets of $40,393,556, total liabilities of $23,803,511, and total equity of $16,590,045. GUNSTOCK RANCH: Seeks Subchapter V Bankruptcy in Hawaii ------------------------------------------------------- On January 10, 2026, Gunstock Ranch Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Hawaii. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Gunstock Ranch Inc. Gunstock Ranch Inc. is a Hawaii-based company engaged in ranching and agricultural operations. The company manages livestock and related agricultural activities and is privately held. Gunstock Ranch Inc. sought protection under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 26-00019) on January 10, 2026, with $500,001 to $1 million in assets and liabilities. Judge Robert J. Faris presides over the case. Allison A. Ito, Esq., at Choi & Ito represents the Debtor as legal counsel. HARRISON BY RENZZI: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------------- On January 30, 2026, Harrison by Renzzi on the Beach Inc. commenced a voluntary Chapter 11 bankruptcy case in the Southern District of Florida bankruptcy court. Court records show the Debtor lists total liabilities between $100,001 and $1 million and reports 1 to 49 creditors. About Harrison by Renzzi on the Beach Inc. Harrison by Renzzi on the Beach Inc. provides real estate and hospitality services for South Florida beachfront properties. The company specializes in property rentals, development, and maintenance, catering to both residential and commercial clients. Harrison by Renzzi on the Beach Inc. filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-11205) on January 30, 2026. The bankruptcy petition reflects estimated assets of $100,001 to $1 million, with estimated liabilities in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Robert A. Mark presides over the case. The Debtor is represented by Thomas G. Zeichman, Esq. HARTFORD CREATIVE: Accumulated Deficit Triggers Going Concern Doubt ------------------------------------------------------------------- Hartford Creative Group, Inc. submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended October 31, 2025. The report contains a going-concern qualification, noting that accumulated deficits and a deficiency in working capital create substantial doubt regarding the Company's ability to continue as a going concern. As of October 31, 2025, the Company had a working capital deficit of $53,735 and an accumulated deficit of $4,761,059. For the quarter ended October 31, 2025, the Company reported a net income of $50,674, compared to a net income of $127,269 for the same period of 2024 In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to the Company, and ultimately achieving profitable operations. Management believes that the Company's business plan provides it with an opportunity to continue as a going concern. However, management cannot provide assurance that the Company will meet its objectives and be able to continue in operation. Management efforts: No doubt, management is trying to stabilize its flight. Management shows efforts to seek additional financing in the form of debt or equity. However, there is no assurance that the Company will be able to obtain any needed financing on favorable terms, or at all, or that it will find qualified purchasers for the sale of its stock. Additionally, if the Company is unable to raise sufficient capital, it will be required to delay or forego some of its business plan, which would have a material adverse effect on the Company's anticipated results from operations and financial condition. Any sales of the Company's securities would dilute the ownership of our existing investors. Future Capital Expenditures: Hartford Creative believes that its funding requirements for the next 12 months will be in excess of $2,000,000. The Company is currently seeking further funding through related parties' loan and finance, and it is in the process of uplisting the Company's stock from the OTC market to the Nasdaq exchange. Assuming all conditions are met in the Company's favor, it plans to raise capital through either debt or equity financing. The proceeds from this financing will be used to cover the costs related to the uplisting procedure. A full text copy of the Company's Quarterly Report is available at: https://tinyurl.com/4xk7nurb About Hartford Creative Group Hartford Creative Group, Inc. provides social media advertising and the production of mini web dramas. The Company offers advertisement placement and handle media services for video production and social media management. Hartford Creative Group serves clients in the United States and China. As of October 31, 2025, total assets were $3,374,724, total liabilities were $3,025,301, and the Company reported a stockholders' equity of $349,423. HARVARD BIOSCIENCE: Consolidates Manufacturing to Boost Efficiency ------------------------------------------------------------------ Harvard Bioscience, Inc. disclosed in a regulatory filing that on January 23, 2026, the Board of Directors approved management's comprehensive plan, referred to as Project Viking, for the strategic consolidation of its manufacturing operations to improve efficiency and support long-term growth. The Company will close its manufacturing facility in Holliston, MA and transition U.S. production to its manufacturing hub in Minneapolis, MN. Certain operations will also be relocated to facilities in Germany, Sweden, and the UK, aligning specific product lines with their designated center of excellence and most strategically advantageous logistical location. "Building upon the enhanced flexibility provided by our recent refinancing, this consolidation represents a meaningful step forward in simplifying our manufacturing footprint and strengthening our operating model," said John Duke, CEO of Harvard Bioscience. "As we have been able to take a deeper look at the business, concentrating our U.S. manufacturing and relocating certain operations to respective international facilities will better leverage the scale, capabilities, and expertise of our sites. We expect the operational synergies generated by the move to improve execution and increase speed-to-market as we build a more agile organization to drive long-term value creation for customers and shareholders." The Holliston facility will remain operational throughout 2026 to support continuity and customer service. The consolidation is expected to be completed by the first quarter of 2027. The Company has implemented a comprehensive, phased transition plan designed to prevent any disruption to order fulfillment, product quality, and technical support. Transition-related costs are expected to generate incremental operating expenses throughout 2026 and in the first half of 2027. The Company expects the initiative to deliver approximately $3 million in cost savings in 2027, and approximately $4 million in annual cost savings beginning in 2028, while improving throughput and execution. The savings include reduced overhead, SKU rationalization, improved asset utilization, and targeted reconfiguration of the Company's workforce across impacted operations. The Company expects to incur pre-tax restructuring charges related to Project Viking in the range of approximately $3.4 to $4.4 million, including non-cash asset write-off and/or accelerated depreciation charges in the range of approximately $0.6 to $0.7 million, primarily related to the exit of production activities and manufacturing operations at the Holliston, MA manufacturing site. These amounts are estimates and are subject to future changes. The Company may incur additional charges in connection with Project Viking and will provide an estimate of any additional charges when known. Restructuring actions under the program are expected to be substantially complete by the first half of 2027. Future actions by the Company or changes in circumstances from current assumptions may cause actual results and future cash payments to differ. About Harvard Bioscience, Inc. Harvard Bioscience, Inc. is a developer, manufacturer and seller of technologies, products and services that enable fundamental advances in life science applications, including research, drug and therapy discovery, bioproduction and preclinical testing for pharmaceutical and therapy development. The Company's products and services are sold globally to customers ranging from renowned academic institutions and government laboratories to the world's leading pharmaceutical, biotechnology and contract research organizations. With operations in the United States, Europe and China, the Company sells through a combination of direct and distribution channels to customers around the world. Company's auditor since 2017, issued a "going concern" qualification in its report dated March 13, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, citing that as of December 31, 2024, the Company was in default of certain debt covenants under its existing credit agreement, in which the Company had outstanding indebtedness of $37.4 million. As of September 30, 2025, the Company had $78 million in total assets, $63.9 million in total liabilities, and $14.1 million in total stockholders' equity. HEALTHY OCEANS: Initiates Chapter 11 Bankruptcy in California ------------------------------------------------------------- Lily Belli of Lookout Santa Cruz reports that Santa Cruz-based Healthy Oceans Seafood, parent of the Pescavore tuna jerky brand, has filed for Chapter 11 bankruptcy amid ongoing legal troubles involving co-founder Clarice Owens. The filing, submitted on January 6, 2026, allows the company to continue limited operations while restructuring debts and developing a repayment plan for creditors in the U.S. District Court for the Northern District of California in San Jose. Founded by Matthew and Clarice Owens in 2014, Healthy Oceans launched Pescavore in 2018 and distributed its products to more than 1,300 national retailers. Financial instability surfaced in late 2024, with missed rent, staff departures, and unpaid obligations to former investors. A December 2024 court filing detailed a request for nearly $75,000 in emergency support and outlined several operational challenges facing the company, according to report. Legal issues have intensified the company's difficulties. Pawnee Leasing Corporation successfully pursued damages for unpaid equipment leases, while Clarice Owens faces felony stalking and multiple misdemeanors for violating protective orders. Retailers in Santa Cruz report that Pescavore products have not been actively stocked or ordered over the past year, though the company's website continues to list its products in stores across the United States, the report states. About Healthy Oceans Seafood Company, Inc. Healthy Oceans Seafood Company, Inc. owns Pescavore, a brand of seafood products that are distributed and sold in the U.S. market. [BN] Healthy Oceans Seafood Company, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-50009) on January 6, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Stephen L. Johnson handles the case. The Debtor is represented by Stanley A. Zlotoff, Esq. of Law Offices Of Stanley A. Zlotoff. HERITAGE SALVAGE: Unsecureds Will Get 1% Dividend in Plan --------------------------------------------------------- Heritage Salvage Inc. filed with the U.S. Bankruptcy Court for the Northern District of California a Small Business Plan of Reorganization under Subchapter V dated January 26, 2026. The Debtor is a corporation. Since 2005 the Debtor has operated a full-service reclaimed building materials and custom design and build facility in Petaluma, California. The Debtor's operations include a brick-and-mortar storefront, yard, shop, and showroom. The Covid Pandemic took a huge toll on business, and it has been struggling to recover over the last few years. The Debtor incurred high interest loans in order to try to survive, the terms of those loans have become difficult to manage. The Debtor filed the instant bankruptcy to efficiently downsize by moving its operations to a smaller, less expensive facility, restructure some of the secured debt, become profitable, and continue operations. The Debtor's financial projections show that the Debtor will have projected disposable income of $ 13,284.00. The final Plan payment is expected to be paid on July 2031, which is anticipated to be 60 months after the effective date. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately .01 cents on the dollar, consistent with the liquidation analysis in Exhibit A and projected disposable income in Exhibit B. This Plan also provides for the payment of administrative and priority claims. Class 3 consists of non-priority unsecured creditors. Class 3 Shall receive an estimated 1% dividend and shall be paid a total amount that does not exceed $2,142.63 paid on the first anniversary of the Effective Date of the Plan. This Class is impaired. The allowed unsecured claims total $214,262.71. Class 4 consists of equity security holders of the Debtor. Equity security holders shall retain their equity interests in the Debtor. The Debtor will continue operations. The Debtor will continue to streamline operations in order to reduce operating costs including effectuating its move to a smaller, less expensive facility within 12 months of the Effective Date. The Debtor contends the Plan has Effective Date feasibility. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=95oTU2 from PacerMonitor.com at no charge. Counsel to the Debtor: Gina R. Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Telephone: (707) 778-0111 Facsimile: (707) 339-8017 About Heritage Salvage Inc. Heritage Salvage Inc. operates a full-service reclaimed building materials and custom design and build facility in Petaluma, California. The Dbtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-10677) on October 26, 2025, listing between $100,001 and $500,000 in assets and liabilities. Mark Sharf, Esq., a practicing attorney in Los Angeles, serves as Subchapter V trustee. Judge William J. Lafferty presides over the case. Gina R. Klump, Esq., at the Law Office of Gina R. Klump, is the Debtor's counsel. HIGH ZZEAZZZ: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- High Zzeazzz, Inc. received a one-month extension from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Greenville Division, to use cash collateral. The court issued an interim order authorizing the Debtor to use cash collateral to fund its operations from February 1 to 28, subject to an approved operating budget. The budget projects total operational expenses of $17,804 for February. The Debtor may deviate up to 6% per budget line item without further consent. As adequate protection, secured creditors will be granted a post-petition replacement lien on cash, accounts, receivables, and future receivables, with the same validity, extent, and priority as their pre-bankruptcy liens. The next hearing is scheduled for February 25. The order is available at https://is.gd/4OXObz from PacerMonitor.com. The secured creditors identified by the Debtor include the U.S. Small Business Administration, Bancorp, Kimmit, Everest Funding, Fintegra, and several merchant cash advance lenders, which hold liens on various assets such as cash, receivables, real property, equipment, and other intangibles. The Debtor estimates outstanding balances ranging from approximately $10,000 to over $1 million among these creditors. About High Zzeazzz Inc. High Zzeazzz, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-04096) on October 17, 2025, listing up to $10 million in both assets and liabilities. Stephen Zeltner, president of High Zzeazz, signed the petition. Judge Pamela W. McAfee oversees the case. C. Scott Kirk, Esq., represents the Debtor as legal counsel. HILLSIDE ASPENS: Seeks Chapter 7 Bankruptcy in Colorado ------------------------------------------------------- On January 30, 2026, Hillside Aspens LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Hillside Aspens LLC Hillside Aspens LLC is a limited liability company engaged in real estate ownership and related property activities. Hillside Aspens LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10550) on January 30, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities in the range of $100,001 to $1,000,000. Honorable Bankruptcy Judge Fredrick E. Clement handles the case. HNO INTERNATIONAL: Delays 10-K Filing Due to Data Compilation ------------------------------------------------------------- HNO International, Inc. disclosed in a regulatory filing that it could not complete the filing of its Annual Report on Form 10-K for the year ended October 31, 2025, due to a delay in obtaining and compiling information required to be included in its Form 10-K, which delay could not be eliminated by the Registrant without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date. About HNO International Headquartered in Murrieta, California, HNO International, Inc., a Nevada corporation, focuses on systems engineering design, integration, and product development to generate green hydrogen-based clean energy solutions to help businesses and communities decarbonize in the near term. Cypress, Texas-based Barton CPA PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 20, 2025, attached to the Company's Annual Report on Form 10-K for the year ended October 31, 2024, citing that the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of July 31, 2025, the Company had $1.51 million in total assets, $3.07 million in total liabilities, and $1.56 million in total stockholders' deficit. I-26 TRUCK: Seeks Chapter 7 Bankruptcy in South Carolina -------------------------------------------------------- On January 7, 2026, I-26 Truck & Trailer Repair, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of South Carolina. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About I-26 Truck & Trailer Repair, LLC I-26 Truck & Trailer Repair, LLC is a commercial vehicle service provider offering truck and trailer maintenance and repair services, including mechanical repairs and fleet support. I-26 Truck & Trailer Repair, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00070) on January 7, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Elisabetta Gm Gasparini handles the case. The Debtor is represented by Jason T. Moss, Esq. of Moss & Associates, Attorneys, P.A. INCORA INTERMEDIATE: S&P Assigns 'B-' ICR, Outlook Stable --------------------------------------------------------- S&P Global Ratings assigned its 'B-' issuer credit rating to Incora Intermediate II LLC. At the same time, S&P has assigned its 'B-' issue-level rating to the company's $600 million asset-based lending (ABL) facility with a recovery rating of '3' (50%-70% recovery, 50% rounded estimate). S&P said, "The stable outlook reflects our view that S&P Global Ratings-adjusted credit metrics will improve yet remain weak through the near term, remaining appropriate for the rating. The outlook also reflects our expectation that free operating cash flow (FOCF) will remain modestly positive." Incora is the largest independent distributor of parts, components, and chemicals to the aerospace and defense market. S&P said, "We expect steady revenue growth from robust aerospace parts demand. We expect revenue to grow up to 3% in 2025 before improving to 4%-7% growth in 2026." This is supported by robust demand for C-class aerospace parts and related chemical compounds that are required for critical parts manufacturing. Demand remains robust due to improving airframe and engine build rates, while demand for spare parts stems from high market utilization of an aging fleet. While lingering supply-chain constraints have tempered near-term market momentum and limited how fast the company can convert orders into revenue, the underlying demand environment remains favorable. Incora's core business--providing a broad range of parts, components, and chemicals alongside integrated supply-chain management solutions to aerospace and defense customers--positions it to capture this recovery as original equipment manufacturer (OEM) and aftermarket throughput stabilizes. S&P expects credit metrics to improve in the near term but remain weak. Following Incora's emergence from Chapter 11 in January 2025, it expects profitability to improve, with margins of 5.0%-7.5% in 2026. This will be supported by rolling off reorganization costs, as well as an improved product mix following management's efforts to focus on more critical parts compared with parts that were more commoditized in nature. Furthermore, the company has improved its operating leverage as production volumes and throughput gradually normalize. S&P expects management will continue to invest in operations, as further improvement is required to expand margins, which will be critical to improve metrics further. However, these improvements do not translate into an immediate increase in operating cash flow because of the working capital and capital expenditure (capex) requirements needed to build inventory and enhance distribution infrastructure. The company's post-bankruptcy payment-in-kind (PIK) interest on most debt benefits cash flow generation, providing the company with a runway to address operating inefficiencies and positive FOCF through 2026. Accrued interest will increase debt while the PIK option is exercised. As a result, despite the rebound in margins, Incora's deleveraging capacity will remain limited. S&P said, "We expect leverage to stay elevated, measuring above 10x in 2025, improving only modestly to 9.5x-10.0x in 2026. Likewise, we expect funds from operations (FFO) to debt of 7%-10% and FOCF to debt of 2%-5% through 2026." S&P said, "We expect Incora to maintain adequate liquidity through the next 12 months. Incora's liquidity as of Sept. 30, 2025, consisted of about $60 million in balance sheet cash and about $128.5 million of availability under its asset backed credit line. Driven by the PIK interest component of its capital structure, we expect positive operating cash flow to allow the company time to build its inventory needs while allocating funds toward operational improvement. In the near term, we expect cash sources to be sufficient compared to needs. Further, we expect the company's financial policy to be consistent with credit improvement over the next 12 months as controlling owners and management focus on improving balance sheet health rather than acquisitions or distributions. "The stable outlook reflects our expectations that credit metrics will improve over the next 12-18 months as OEM build rates improve, driving demand for aerospace parts. The PIK nature of most of the company's capital structure will provide it with a runway for positive cash generation that will likely fund operating improvements required to expand margins." S&P could lower its rating on Incora if it generates persistently negative FOCF that pressures liquidity. This could occur if: -- Airframe build rates slow; -- Supply chain pressures persist, weakening part volumes; or -- There is higher-than-anticipated utilization of its ABL facility. Though not likely, S&P could raise its rating on Incora over the next 12 months if it improves and sustains leverage below 7.0x while generating positive FOCF. This could occur if: -- There is a stronger-than-expected pace of contract awards related to parts/chemical distribution; -- Margin expands above S&P's forecast; or -- The company allocates cash flow toward debt paydown. INKED PLAYMATS: Unsecured Creditors to Split $85K in Plan --------------------------------------------------------- Inked Playmats Corp., d/b/a Inked Gaming, submitted a Third Amended Small Business Plan of Reorganization under Subchapter V dated January 26, 2026. The Debtor has filed this case in an effort to restructure its finances and to reorganize an otherwise healthy and profitable business. Based on the plan projections, the Debtor's monthly disposable income to be committed to the payment of claims for the 3-year period is $618,141.63. This Plan of Reorganization under chapter 11 of the Bankruptcy Code proposes to pay creditors of the Debtor from the future profits and revenue of the Debtor. Treatment of Creditors' claims is determined by which class such claim belongs to. Class 6 consists of Unsecured Claims of Artist Creditors. The amount of claim in this Class total $44,705.43. All Class 6 artist claimants shall have the option of electing one of the following treatments: (1) payment of the allowed Class 6 claim in full, paid over two years in equal quarterly payments (without interest); or, (2) if the Class 6 artist claimant elects to forgive the full amount of their allowed Class 6 claim, the artist claimant shall be entitled to receive an increase of their royalty percentage from 10% to 20% on all future orders from the Debtor of all products featuring the specific artist's work. Any Class 6 artist claimant that does not make an election will receive the first option, payment on their claim as provided herein. Class 7 consists of General Unsecured Claims (Including the Deficiency Claims of Marlin Leasing Corporation, and Bright Plastics, LLC). Every holder of a Class 7 nonpriority (non-artist creditor claim) general unsecured claim against the Debtor shall receive its pro-rata share of $85,131.00. Payments to Class 7 creditors shall be made quarterly and shall begin no later than ninety days following the Effective Date. All Equity Interests of the Debtor shall revest in Thomas Pool. The Debtor's Plan will be implemented through the Debtor's business operations and then payment to creditors from disposable income. A full-text copy of the Third Amended Plan dated January 26, 2026 is available at https://urlcurt.com/u?l=mGbpnG from PacerMonitor.com at no charge. Attorneys for the Debtor: Philip Landau, Esq. Landau Law PLLC 3010 N. Military Trail, Suite 318 Boca Raton, FL 33131. Telephone: (561) 43-0802 Email: phil@landau.law About Inked Playmats Corp. Inked Playmats Corp. is a direct-to-consumer e-commerce business specializing in custom gaming accessories. Inked Playmats filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 25-14046) on April 14, 2025, listing up to $500,000 in assets and up to $10 million in liabilities. Thomas Pool, president of Inked Playmats, signed the petition. Judge Mindy A. Mora oversees the case. Philip J. Landau, Esq., at Landau Law, PLLC, is the Debtor's bankruptcy counsel. INSPIRED HEALTHCARE: Case Summary & 30 Top Unsecured Creditors -------------------------------------------------------------- Lead Debtor: Inspired Healthcare Capital Holdings, LLC 7033 E Greenway Pkwy Ste 250 Scottsdale AZ 85254 Business Description: Inspired Healthcare Capital Holdings, LLC owns senior living communities across the United States that provide independent living, assisted living, and memory care services. The Company operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements while the Company retains control over non-community business functions. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Northern District of Texas One hundred sixty-one affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Inspired Healthcare Capital Holdings, LLC (Lead Case) 26-90004 Cre8tive Architects, LLC 26-90005 Cre8tive Holdings, LLC 26-90006 Creswell Senior Living, LLC 26-90029 Hunan 1, LLC 26-90008 IHC – Ashbrook DST 26-90085 IHC - Ashbrook MT, LLC 26-90009 IHC - Ashbrook ST, LLC 26-90010 IHC – Candle Light Cove DST 26-90098 IHC - Candle Light Cove MT, LLC 26-90114 IHC - Candle Light Cove ST, LLC 26-90011 IHC - Hanover Propco, LLC 26-90012 IHC – Harmony OpCo, LLC 26-90136 IHC – Harmony PropCo, LLC 26-90145 IHC – Peachtree DST 26-90138 IHC Development Fund III, LLC 26-90015 IHC Development Fund IV, LLC 26-90018 IHC Security Income Fund LLC 26-90019 IHC-Augusta II Propco, LLC 26-90123 IHC-BI Holdings, LLC 26-90047 IHC-Peachtree MT, LLC 26-90094 IHC-Peachtree ST, LLC 26-90013 Innov8tion Holdings, LLC 26-90020 Innov8tion Marketing, LLC 26-90022 Inspired Healthcare Capital Fund LP 26-90142 Inspired Healthcare Capital Fund Services, LLC 26-90023 Inspired Healthcare Capital Income Fund 2 LLC 26-90143 Inspired Healthcare Capital Income Fund 3 LLC 26-90146 Inspired Healthcare Capital Income Fund 5 Notes, LLC 26-90147 Inspired Healthcare Capital Income Fund 5, LLC 26-90150 Inspired Healthcare Capital Income Fund LLC 26-90152 Inspired Healthcare Capital Liquidity Fund, LLC 26-90156 Inspired Healthcare Capital, LLC 26-90007 Inspired Senior Living of Appleton DST 26-90060 Inspired Senior Living of Appleton MT, LLC 26-90014 Inspired Senior Living of Appleton ST, LLC 26-90016 Inspired Senior Living of Arlington Heights DST 26-90081 Inspired Senior Living of Arlington Heights MT, LLC 26-90017 Inspired Senior Living of Arlington Heights ST, LLC 26-90021 Inspired Senior Living of Athens DST 26-90087 Inspired Senior Living of Athens MT, LLC 26-90028 Inspired Senior Living of Athens ST, LLC 26-90030 Inspired Senior Living of Augusta DST 26-90088 Inspired Senior Living of Augusta MT, LLC 26-90031 Inspired Senior Living of Augusta ST, LLC 26-90033 Inspired Senior Living of Brookhaven DST 26-90090 Inspired Senior Living of Brookhaven MT, LLC 26-90116 Inspired Senior Living of Brookhaven ST, LLC 26-90044 Inspired Senior Living of Carson Valley DST 26-90092 Inspired Senior Living of Carson Valley MT, LLC 26-90117 Inspired Senior Living of Carson Valley ST, LLC 26-90038 Inspired Senior Living of Chesterfield DST 26-90103 Inspired Senior Living of Chesterfield MT, LLC 26-90119 Inspired Senior Living of Chesterfield ST, LLC 26-90041 Inspired Senior Living of Creswell Development, LLC 26-90024 Inspired Senior Living of Dartmouth DST 26-90108 Inspired Senior Living of Dartmouth MT, LLC 26-90124 Inspired Senior Living of Dartmouth ST, LLC 26-90039 Inspired Senior Living of Delray Beach DST 26-90110 Inspired Senior Living of Delray Beach MT, LLC 26-90128 Inspired Senior Living of Delray Beach ST, LLC 26-90035 Inspired Senior Living of Dunedin DST 26-90113 Inspired Senior Living of Dunedin MT, LLC 26-90129 Inspired Senior Living of Dunedin ST, LLC 26-90046 Inspired Senior Living of Eatonton DST 26-90115 Inspired Senior Living of Eatonton MT, LLC 26-90132 Inspired Senior Living of Eatonton ST, LLC 26-90049 Inspired Senior Living of Eugene DST 26-90122 Inspired Senior Living of Eugene MT, LLC 26-90025 Inspired Senior Living of Eugene ST, LLC 26-90051 Inspired Senior Living of Fort Myers DST 26-90131 Inspired Senior Living of Fort Myers MT, LLC 26-90026 Inspired Senior Living of Fort Myers ST, LLC 26-90052 Inspired Senior Living of Grapevine DST 26-90001 Inspired Senior Living of Grapevine MT, LLC 26-90003 Inspired Senior Living of Grapevine ST, LLC 26-90002 Inspired Senior Living of Hamilton DST 26-90161 Inspired Senior Living of Hamilton MT, LLC 26-90027 Inspired Senior Living of Hamilton ST, LLC 26-90055 Inspired Senior Living of Hanover, LLC 26-90034 Inspired Senior Living of Lake Orion DST 26-90139 Inspired Senior Living of Lake Orion MT, LLC 26-90037 Inspired Senior Living of Lake Orion ST, LLC 26-90061 Inspired Senior Living of Largo DST 26-90141 Inspired Senior Living of Largo MT, LLC 26-90040 Inspired Senior Living of Largo ST, LLC 26-90064 Inspired Senior Living of Las Vegas DST 26-90144 Inspired Senior Living of Las Vegas MT, LLC 26-90043 Inspired Senior Living of Las Vegas ST, LLC 26-90066 Inspired Senior Living of Melbourne DST 26-90148 Inspired Senior Living of Melbourne MT, LLC 26-90045 Inspired Senior Living of Melbourne ST, LLC 26-90056 Inspired Senior Living of Mequon DST 26-90153 Inspired Senior Living of Mequon MT, LLC 26-90048 Inspired Senior Living of Mequon ST, LLC 26-90059 Inspired Senior Living of Naperville DST 26-90157 Inspired Senior Living of Naperville MT, LLC 26-90097 Inspired Senior Living of Naperville ST, LLC 26-90072 Inspired Senior Living of New Braunfels DST 26-90159 Inspired Senior Living of New Braunfels MT, LLC 26-90099 Inspired Senior Living of New Braunfels ST, LLC 26-90068 Inspired Senior Living of North Haven DST 26-90160 Inspired Senior Living of North Haven MT, LLC 26-90095 Inspired Senior Living of North Haven ST, LLC 26-90070 Inspired Senior Living of Payson Development, LLC 26-90050 Inspired Senior Living of Pinellas Park DST 26-90151 Inspired Senior Living of Pinellas Park MT, LLC 26-90101 Inspired Senior Living of Pinellas Park ST, LLC 26-90075 Inspired Senior Living of Reno DST 26-90158 Inspired Senior Living of Reno MT, LLC 26-90102 Inspired Senior Living of Reno ST, LLC 26-90082 Inspired Senior Living of Round Rock DST 26-90154 Inspired Senior Living of Round Rock MT, LLC 26-90106 Inspired Senior Living of Round Rock ST, LLC 26-90079 Inspired Senior Living of San Marcos DST 26-90149 Inspired Senior Living of San Marcos MT, LLC 26-90105 Inspired Senior Living of San Marcos ST, LLC 26-90077 Inspired Senior Living of San Tan Development, LLC 26-90053 Inspired Senior Living of St. Petersburg DST 26-90155 Inspired Senior Living of St. Petersburg MT, LLC 26-90107 Inspired Senior Living of St. Petersburg ST, LLC 26-90083 Inspired Senior Living of Winery Lane Development, LLC 26-90054 Lucas Construction Group, LLC 26-90057 Lucas Construction Holdings, LLC 26-90058 MSL Management, LLC 26-90063 Nsite Development, LLC 26-90062 San Tan Senior Living, LLC 26-90065 Senior Housing Management Group, LLC 26-90067 Senior Housing Marketing Agency, LLC 26-90069 SHMG-Augusta GA, LLC 26-90071 SHMG-Naperville IL, LLC 26-90073 Sukiyaki 10, LLC 26-90074 Sukiyaki 14, LLC 26-90076 Volante HoldCo, LLC 26-90036 Volante Senior Living, LLC 26-90042 VSL - Las Vegas NV, LLC 26-90118 VSL - Peachtree AL, LLC 26-90127 VSL-Arlington IL, LLC 26-90080 VSL-Ashbrook GA, LLC 26-90084 VSL-Carson Valley NV, LLC 26-90086 VSL-Chesterfield MI, LLC 26-90089 VSL-Creswell OR, LLC 26-90140 VSL-Delray Beach FL, LLC 26-90091 VSL-Dunedin FL, LLC 26-90093 VSL-Eugene OR, LLC 26-90096 VSL-Fort Myers FL, LLC 26-90100 VSL-Grapevine TX, LLC 26-90104 VSL-Hamilton NJ, LLC 26-90109 VSL-Hanover MN, LLC 26-90120 VSL-Harmony OR, LLC 26-90125 VSL-Lake Orion MI, LLC 26-90111 VSL-Largo FL, LLC 26-90112 VSL-Melbourne FL, LLC 26-90121 VSL-Pinellas FL, LLC 26-90134 VSL-Reno, NV, LLC 26-90137 VSL-Roseburg OR, LLC 26-90126 VSL-Round Rock TX, LLC 26-90135 VSL-San Marcos TX, LLC 26-90130 VSL-ST. Petersburg FL, LLC 26-90133 Winery Lane Senior Living, LLC 26-90032 ZOL Management, LLC 26-90078 Judge: Hon. Mark X Mullin Debtors' General Bankruptcy Counsel: Marcus A. Helt, Esq. Jack G. Haake, Esq. MCDERMOTT WILL & SCHULTE LLP 2801 N. Harwood Street, Suite 2600 Dallas, Texas 75201-1574 Tel: (214) 295-8000 Fax: (972) 232-3098 Email: mhelt@mcdermottlaw.com jhaake@mcdermottlaw.com AND Daniel M. Simon, Esq. Carmen Dingman, Esq. Landon Foody, Esq. 444 West Lake Street, Suite 4000 Chicago, Illinois 60606 Tel: (312) 372-2000 Fax: (312) 984-7700 Email: dsimon@mcdermottlaw.com cdingman@mcdermottlaw.com lfoody@mcdermottlaw.com Debtors' Financial Advisor: ANKURA CONSULTING GROUP Group, LLC Debtors' Investment Banker: RAYMOND JAMES & ASSOCIATES, INC. Debtors' Claims, Noticing & Solicitation Agent: EPIQ CORPORATE RESTRUCTURING, LLC Estimated Assets: $1 billion to $10 billion Estimated Liabilities: $1 billion to $10 billion The petitions were signed by M. Benjamin Jones as chief restructuring officer. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/K4R6IKI/Inspired_Healthcare_Capital_Holdings__txnbke-26-90004__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Name On File Unsecured Notes $2,500,000 Address On File Contact: A. John Cunicella Phone: +1 (908) 228-2598 Email: jcunicella@symmetryfg.net 2. Name On File Unsecured Notes $2,500,000 Address On File Contact: Name On File Phone: Phone No. On File Email On File 3. Name On File Unsecured Notes $2,000,000 Address On File Contact: Daniel S. Pikula Phone: +1 (561) 777-2846 Email: danielspikula@moneymanagerinc.com 4. Name On File Unsecured Notes $1,750,000 Address On File Contact: Daniel S. Pikula Phone: +1 (561) 777-2846 Email: danielspikula@moneymanagerinc.com 5. Name On File Unsecured Notes $1,450,000 Address On File Contact: Matthew Wilson Phone: +1 (720) 722-3820 Email: mattwilson@afpadvisor.com 6. Name On File Unsecured Notes $1,100,000 Address On File Contact: Roger Bowlin Phone: +1 (206) 686-2211 Email: rwbowlin@rwbis.com 7. Name On File Unsecured Notes $1,100,000 Address On File Contact: Matthew Wilson Phone: +1 (720) 722-3820 Email: mattwilson@afpadvisor.com 8. Name On File Unsecured Notes $1,080,000 Address On File Contact: Chris Neston Phone: +1 (651) 789-1064 Email: chris@chrisneston.com 9. Name On File Unsecured Notes $1,075,268 Address On File Contact: Mark Nichols Phone: +1 (239) 244-8644 Email: mark@charterfingroup.com 10. Name On File Unsecured Notes $1,000,000 Address On File Contact: Jason Ferneau Phone: +1 (720) 445-2162 Email: jferneau@emersonequity.com 11. Name On File Unsecured Notes $1,000,000 Address On File Contact: Shirley Wong Phone: +1 (650) 731-4428 Email: swong@emersonequity.com 12. Name On File Unsecured Notes $1,000,000 Address On File Contact: Name On File Phone: Phone No. On File Email On File 13. Name On File Unsecured Notes $1,000,000 Address On File Contact: Roger Bowlin Phone: +1 (206) 686-2211 Email: rwbowlin@rwbis.com 14. Name On File Unsecured Notes $1,000,000 Address On File Contact: Benjamin J Hill Phone: +1 (805) 449-1132 Email: benjamin@wealth-inc.com 15. Name On File Unsecured Notes $900,000 Address On File Contact: Michelle Osborne Phone: +1 (727) 459-4875 Email: mosborne@emersonequity.com 16. Name On File Unsecured Notes $850,000 Address On File Contact: Christopher Doyle Phone: +1 (212) 404-7002 Email: cdoyle@kingswoodus.com 17. Name On File Unsecured Notes $825,800 Address On File Contact: Gregory Richards Phone: +1 (480) 823-2373 Email: grichards@kingswoodus.com 18. Name On File Unsecured Notes $800,000 Address On File Contact: Timothy W. Steffen Phone: +1 (715) 793-4745 Email: steffeninv@kcdfinancial.com 19. Name On File Unsecured Notes $800,000 Address On File Contact: Name On File Phone: Phone No. On File Email On File 20. Name On File Unsecured Notes $750,900 Address On File Contact: Mikayla Raleigh Phone: +1 (919) 852-1215 Email: mraleigh@gpcchi.com 21. Name On File Unsecured Notes $720,000 Address On File Contact: Conrad Branson Phone: +1 (415) 710-5801 Email: cbranson@kingswoodus.com 22. Name On File Unsecured Notes $695,000 Address On File Contact: Peter Po Phone: +1 (408) 873-2288 Email: ppo@emersonequity.com 23. Name On File Unsecured Notes $645,161 Address On File Contact: Michelle Ford Phone: +1 (908) 340-6000 Email: michelle.ford@lifelongretirementcorp.com 24. Name On File Unsecured Notes $613,482 Address On File Contact: Name On File Phone: Phone No. On File Email On File 25. Name On File Unsecured Notes $600,000 Address On File Contact: George Wallace Smith Phone: +1 (303) 791-2253 Email: wallace@ridgefin.com 26. Name On File Unsecured Notes $597,628 Address On File Contact: Eric Heckman Phone: +1 (408) 297-9800 Email: service@wealthcreator.com 27. Name On File Unsecured Notes $565,053 Address On File Contact: Kyle Klinger Phone: +1 (619) 289-8760 Email: kyle@hawkstreetwealth.com 28. Name On File Unsecured Notes $521,000 Address On File Contact: Justin Wine Phone: +1 (703) 626-2637 Email: jwine@aspen-wm.com 29. Name On File Unsecured Notes $518,000 Address On File Contact: Daniel S. Pikula Phone: +1 (561) 777-2846 Email: danielspikula@moneymanagerinc.com 30. Emerson Equity Bridge Litigation Unknown Fund I, LLC C/O Brown Rudnick LLP 2211 Michelson Dr Irvine, Ca 92612 Contact: Tristan G. Axelrod Phone: +1 (617) 856-8456 Email: taxelrod@brownrudnick.com INSPIRED HEALTHCARE: Files Chapter 11 to Explore Strategic Options ------------------------------------------------------------------ Inspired Healthcare Capital, a company specializing in developing, managing, and operating senior-housing communities, announced on Feb. 2, 2026, that it and its affiliates have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas (Fort Worth Division). This move is designed to protect its focus on resident care and to preserve and maximize value for all stakeholders through exploration of all strategic alternatives, including potentially deleveraging its balance sheet, facilitating a formal marketing and sale process, and implementing a comprehensive restructuring transaction. Throughout this process, the Company will continue working closely with its residents, vendors, secured creditors, and investors, and it does not expect any operational impact from this chapter 11 process on any operating senior community. In October 2025, the Company significantly changed its corporate governance and leadership structure, replacing the former senior leadership team with independent managers. CRS Capstone Partners, LLC was appointed independent manager and director of IHC and IHC Holdings, and Trinity River Associates, LLC now serves as independent manager and director for the entities that control the Delaware Statutory Trusts. The Company also appointed M. Benjamin Jones, Ankura Consulting Group, to serve as Chief Restructuring Officer and manage the business through this Chapter 11 process, along with the current leadership team. The Company has initiated the restructuring to pursue three goals: (a) ensure continued quality housing in its communities and care for its residents, (b) access funding to pursue sale or restructuring transactions that will maximize the value of the Company's assets for all stakeholders, and (c) preserve claims and causes of action and establish a process for such claims to be adjudicated for the benefit of all stakeholders. Inspired Healthcare Capital's communities will remain fully operational throughout this process, ensuring that the resident experience is not negatively impacted. Residents will continue to receive the same high-quality care, services, and amenities they have come to expect. "Over the past several years, Inspired Healthcare Capital faced significant liquidity challenges and became reliant on raising additional capital," said M. Benjamin Jones, Chief Restructuring Officer. "These challenges were further compounded by recent regulatory inquiries and subsequent threatened litigation. This process will best allow us to maintain continuity for the residents at our properties, preserve the Company's claims and causes of action, and simultaneously explore the different available options to maximize value for stakeholders." To support operations throughout the marketing and sale process, Inspired Healthcare Capital has secured a commitment for $35 million in debtor-in-possession financing from Lapis Municipal Opportunities Fund V, LP. Subject to Court approval, this capital will ensure that the Company can meet its ongoing obligations to employees, vendors, and partners. The Company has filed several "first-day" motions with the Court to continue its operations as normal during the process. These motions include requests to continue employee wage and benefit programs, and to continue performance under agreements with third-party managers. The Company will work to complete the restructuring and marketing process expeditiously. Additional information on the Company's Chapter 11 case can be found at https://dm.epiq11.com/InspiredHealthcare. Stakeholders can also contact Epiq, the Company's noticing and claims agent, at 877-378-7708 (for toll-free U.S. calls) or 971-309-1342 (for tolled international calls). About Inspired Healthcare Capital Inspired Healthcare Capital is a private equity firm specializing in senior housing investments, dedicated to creating exceptional living environments for their approximately 2,620 residents. Inspired Healthcare Capital owns 35 operating senior living communities in 14 states, comprised of independent living units, assisted living units, and memory care units. Inspired Healthcare Capital also forms and manages fund entities and has a strong commitment to delivering long-term value to its investors, while prioritizing the well-being and care of its residents. Inspired Healthcare Capital is advised by McDermott Will & Schulte as legal counsel, Raymond James & Associates, Inc. as investment banker, and Ankura Consulting Group as restructuring advisor. INSPIRED HEALTHCARE: Seeks Chapter 11 Bankruptcy w/ Over $1B Debt ----------------------------------------------------------------- Mari Nicholson of Alts Wire reports that Inspired Healthcare Capital and more than 160 related entities have sought Chapter 11 protection in the Northern District of Texas, citing liabilities estimated between $1 billion and $10 billion. The Arizona-based senior housing investment firm’s cases are being overseen by Judge Mark X. Mullin, according to bankruptcy court records. The company said the filings are intended to safeguard resident care across its senior living portfolio while it explores strategic options, including asset sales or a comprehensive restructuring. IHC described the move as the culmination of years of financial strain and mounting liquidity pressure. As part of the restructuring, IHC identified three priorities: keeping senior housing communities fully operational, accessing financing to enhance stakeholder recoveries, and preserving claims and causes of action for resolution in court. Industry observers have pointed to the firm’s reliance on continued capital infusions as a key weakness, particularly amid heightened regulatory attention, the report states. Prior bankruptcy filing, IHC replaced its leadership and brought in outside advisors to manage the process. CRS Capstone Partners LLC and Trinity River Associates LLC were appointed to oversee key entities, while Ankura Consulting Group’s M. Benjamin Jones was named chief restructuring officer. The company has also lined up up to $35 million in debtor-in-possession financing from Lapis Municipal Opportunities Fund V LP to fund operations during the case, according to report. About Inspired Health Capital Fund Services, LLC Inspired Healthcare Capital operates as a private equity firm specializing in senior housing. Its portfolio includes 35 operating senior living communities in 14 states, providing housing and care services to roughly 2,620 residents across independent living, assisted living, and memory care settings. Inspired Health Capital Fund Services, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-90004) on February 2, 2026. In its petition, the Debtor reports $1 billion to $10 billion in both assets and liabilities. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Marcus Alan Helt, Esq. of Mcdermott Will & Schulte LLP. M. Benjamin Jones of Ankura Consulting Group, LLC serves as Financial Advisor/CRO. Raymond James & Associates, Inc. serves as Investment Banker.Epiq Corporate Restructuring, LLC serves as Claims Agent. Realty Cap Advisors, LLC serves as Equity Security Holders with 100% equity interest. INTERNATIONAL TOWER HILL: Paulson & Co. Reports 34% Stake --------------------------------------------------------- Paulson & Co. Inc., disclosed in a Schedule 13D (Amendment No. 5) filed with the U.S. Securities and Exchange Commission that as of January 27, 2026, it beneficially owns 88,257,406 common shares -- acquired through a concurrent private placement with the International Tower Hill Mines LTD's public offering, purchased at $2.22 per share for approximately $40 million using available capital of managed funds; excludes 1,501,982 additional shares issuable upon closing of an Upsize Subscription Agreement subject to customary conditions of the Company's common shares, no par value, representing 34% of the 259,575,491 shares outstanding (after closing of the public offering and concurrent private placement, as reported in the Company's Prospectus Supplement filed on January 26, 2026). Paulson & Co. Inc. may be reached through: Christopher P. Davis, Esq. 500 Fifth Avenue New York, NY 10110 Tel: (212) 986-6000 A full-text copy of Paulson & Co. Inc.'s SEC report is available at: https://tinyurl.com/8wc9ce9b About International Tower Hill Mines International Tower Hill Mines Ltd. consists of ITH and its wholly-owned subsidiaries Tower Hill Mines, Inc. (an Alaska corporation), Tower Hill Mines (US) LLC (a Colorado limited liability company), and Livengood Placers, Inc. (a Nevada corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. As at September 30, 2025, the Company had working capital of $2,176,414 compared to working capital of $959,703 at December 31, 2024. The Company expects that it will operate at a loss for the foreseeable future but believes the current cash and cash equivalents will be sufficient to cover the anticipated 2025 work plan at the Livengood Gold Project. As of September 30, 2025, the Company had $57,859,441 in total assets, $300,438 in total liabilities, and $57,559,003 in total stockholders' equity. As at November 6, 2025, management believes that the Company will need to secure additional financing in order to have sufficient financial resources to maintain its operations for the next 12 months. As a result, there is substantial doubt about its ability to continue as a going concern. INTERNATIONAL TOWER HILL: Secures $113MM for Livengood Gold Project ------------------------------------------------------------------- International Tower Hill Mines Ltd. disclosed in a regulatory filing that on January 22, 2026, it entered into an underwriting agreement with BMO Capital Markets Corp., as representative of the several underwriters named therein, pursuant to which the Company agreed to issue and sell an aggregate of 29,280,000 of its common shares, no par value to the Underwriters at a price to the public of $2.22 per Common Share. Pursuant to the Underwriting Agreement, the Company also granted the Underwriters an option to purchase, for a period of 30 days from the date of the Underwriting Agreement, up to an additional 4,392,000 Common Shares, which Option the Underwriters exercised in full on January 23, 2026. The Underwriting Agreement contains customary representations and warranties, conditions to closing, market standoff provisions, termination provisions and indemnification obligations, including for liabilities under the Securities Act of 1933, as amended. The Offering was made pursuant to the shelf registration statement on Form S-3 (File No. 333-273881) that was filed by the Company with the Securities and Exchange Commission on August 10, 2023, including the amendments to the Company's shelf registration statement on Form S-3/A filed with the SEC on November 2, 2023 and November 22, 2023, which was declared effective by the SEC on December 4, 2023, and a related prospectus supplement, dated January 22, 2026, filed with the SEC pursuant to Rule 424(b) under the Securities Act. Pursuant to the Underwriting Agreement, the Company, the Company's directors and executive officers and Paulson also entered into lock-up agreements with the Underwriters pursuant to which, for a period of 90 days after the date of the Prospectus Supplement, agreed not to sell or transfer any of the Company's securities without first obtaining the written consent of the Representative, subject to certain exceptions. A full text copy of the Underwriting Agreement is available at https://tinyurl.com/2s3enc33 A copy of the opinion of McCarthy Tetrault LLP regarding the validity of the Common Shares issued in the Offering is available at https://tinyurl.com/mrr9pf4p Electrum Subscription As of January 21, 2026, Electrum Strategic Opportunities Fund II, L.P. held 13.8% of the outstanding Common Shares of the Company. Pursuant to the Subscription Agreement, dated March 13, 2018, between the Company and Electrum, Electrum has a right to participate in certain equity offerings by the Company. An affiliate of Electrum purchased Common Shares from the Underwriters in the Offering. After giving effect to the Offering (including the Option Exercise) and the Concurrent Private Placement, Electrum (together with its affiliates) will beneficially own 12.3% of the outstanding Common Shares of the Company. Subscription Agreement Pursuant to the Investor Rights Agreement dated December 28, 2016, between our largest shareholder, Paulson & Co. Inc. and the Company, Paulson has the right to participate pro rata in any equity offering by the Company. On January 21, 2026, the Company entered into a subscription agreement with Paulson pursuant to which Paulson fully exercised its participation right with respect to the Offering and agreed to purchase 18,018,018 Common Shares at the Offering Price, for an aggregate purchase price of $40.0 million, contingent on the consummation of the Offering. The Subscription Agreement contains customary representations and warranties of the parties, and indemnification obligations of the Company. On January 27, 2026, after the closing of the Offering, Paulson and the Company entered into an additional subscription agreement, pursuant to which Paulson agreed to purchase an additional 1,501,982 Common Shares at the Offering Price, for additional proceeds of $3.3 million to the Company, representing a proportional increase to Paulson's investment to account for the upsize in the Offering and exercise of the corresponding Option. The issuance of the Additional Shares will be subject to customary closing conditions, including applicable stock exchange approvals. Prior to the Offering and Private Placement, Paulson beneficially owned 33.8% of the outstanding Common Shares of the Company. After giving effect to the Offering (including the Option Exercise) and the Private Placement, Paulson will beneficially own 34.4% of the outstanding Common Shares of the Company. In addition, Paulson has expressed an interest in increasing its aggregate ownership of the Company's Common Shares and may continue to purchase additional Common Shares through privately negotiated transactions with individual investors or in the open markets, subject to regulatory considerations. Full text copies of the Subscription Agreement and the Upsize Subscription Agreement are available at https://tinyurl.com/5d8knmrm and https://tinyurl.com/2eujjxc7 Substantially concurrently with the closing of the Offering, on January 27, 2026, the Company issued and sold to Paulson 18,018,018 Common Shares, no par value, of the Company, at the price per Share of $2.22, for aggregate proceeds to the Company of approximately $40 million pursuant to the Subscription Agreement. The Company expects to issue and sell the Additional Paulson Shares to Paulson on or about January 29, 2026, subject to the satisfaction of customary closing conditions. The Company did not pay any underwriting discounts or commissions with respect to the Paulson Shares sold, and the Additional Paulson Shares to be sold, in the Private Placement. The sale of the Paulson Shares and the Additional Paulson Shares issued in the Private Placement were not registered under the Securities Act in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act. Net Proceeds: The Offering and Concurrent Private Placement closed on the Closing Date, and the Company received net proceeds from the Offering of $70.3 million, after deducting the underwriting discounts and commissions and estimated expenses payable by the Company with respect to the Offering, and net proceeds from the Concurrent Private Placement of $40.0 million. The Company expects to receive net proceeds of $3.3 million from the issuance of the Additional Paulson Shares, which was expected to close on or about January 29, 2026. The Company intends to use the net proceeds from the Offering and the Private Placement to fund the exploration and development of the Livengood Gold Project, including drilling, metallurgical studies, feasibility studies, technical studies, baseline environmental studies, detailed engineering in support of permitting, permitting, legal support, community engagement, mineral lease and land payments, acquisitions and general corporate purposes, allocated approximately $50 million for feasibility and technical studies, $35 million for permitting and community engagement, and the remainder for corporate G&A and general corporate purposes. About International Tower Hill Mines International Tower Hill Mines Ltd. consists of ITH and its wholly-owned subsidiaries Tower Hill Mines, Inc. (an Alaska corporation), Tower Hill Mines (US) LLC (a Colorado limited liability company), and Livengood Placers, Inc. (a Nevada corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. As at September 30, 2025, the Company had working capital of $2,176,414 compared to working capital of $959,703 at December 31, 2024. The Company expects that it will operate at a loss for the foreseeable future but believes the current cash and cash equivalents will be sufficient to cover the anticipated 2025 work plan at the Livengood Gold Project. As of September 30, 2025, the Company had $57,859,441 in total assets, $300,438 in total liabilities, and $57,559,003 in total stockholders' equity. As at November 6, 2025, management believes that the Company will need to secure additional financing in order to have sufficient financial resources to maintain its operations for the next 12 months. As a result, there is substantial doubt about its ability to continue as a going concern. INTL TOWER HILL: Electrum Strategic and Affiliates Hold 12.3% Stake ------------------------------------------------------------------- Electrum Strategic Opportunities Fund II L.P., Electrum Strategic Opportunities Fund II GP L.P., ESOF II GP Ltd., The Electrum Group LLC, Electrum Global Holdings L.P., and TEG Global GP Ltd., disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of January 27, 2026, they beneficially own 31,918,825 common shares -- with shared voting and dispositive power; including 28,765,672 shares held by Electrum Strategic Opportunities Fund II L.P. and 3,153,153 shares held by Electrum Global Holdings L.P.; each Reporting Person may be deemed to beneficially own such shares through control relationships -- of International Tower Hill Mines Ltd.'s common shares, no par value, representing 12.3% of the 259,575,491 shares outstanding (after closing of the public offering and concurrent private placement, as reported in the Company's Prospectus Supplement filed on January 26, 2026). Electrum Strategic Opportunities Fund II L.P. may be reached through: Michael H. Williams The Electrum Group LLC 700 Madison Avenue, 5th FL. New York, NY 10065 Tel: (646) 365-1600 A full-text copy of Electrum Strategic Opportunities Fund II L.P.'s SEC report is available at: https://tinyurl.com/wd9rytd2 About International Tower Hill Mines International Tower Hill Mines Ltd. consists of ITH and its wholly-owned subsidiaries Tower Hill Mines, Inc. (an Alaska corporation), Tower Hill Mines (US) LLC (a Colorado limited liability company), and Livengood Placers, Inc. (a Nevada corporation). The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. As at September 30, 2025, the Company had working capital of $2,176,414 compared to working capital of $959,703 at December 31, 2024. The Company expects that it will operate at a loss for the foreseeable future but believes the current cash and cash equivalents will be sufficient to cover the anticipated 2025 work plan at the Livengood Gold Project. As of September 30, 2025, the Company had $57,859,441 in total assets, $300,438 in total liabilities, and $57,559,003 in total stockholders' equity. As at November 6, 2025, management believes that the Company will need to secure additional financing in order to have sufficient financial resources to maintain its operations for the next 12 months. As a result, there is substantial doubt about its ability to continue as a going concern. J.B. ECOMMERCE: Seeks Chapter 7 Bankruptcy in South Carolina ------------------------------------------------------------ On January 28, 2026, J.B. Ecommerce Solutions, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of South Carolina. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About J.B. Ecommerce Solutions, LLC J.B. Ecommerce Solutions, LLC operates in the e-commerce services sector, providing online retail support and digital sales solutions. J.B. Ecommerce Solutions, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00361) on January 28, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities in the range of $100,001 to $1,000,000. Honorable Bankruptcy Judge Elisabetta G.M. Gasparini handles the case. The Debtor is represented by Jason T. Moss, Esq. of Moss & Associates, Attorneys, P.A. JUMP PEORIA: Seeks to Hire Mark J. Giunta as Bankruptcy Counsel --------------------------------------------------------------- Jump Peoria, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire the Law Office of Mark J. Giunta as counsel. The firm's services include: (a) furnishing legal advice with respect to the powers and duties of debtor-in-possession in the continued operation of its affairs and management of its property; (b) preparing necessary applications, answers, orders, reports, motions and other legal papers; and (c) performing all other legal services for which may be necessary. The firm's hourly rates are: Mark J. Giunta $525 Senior Associate $350 Associate $275 Legal Assistant $125 The firm received a sum of $25,000 from the Debtor on Jan. 21, 2026. Mr. Giunta disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark J. Giunta, Esq. Law Office of Mark J. Giunta 531 East Thomas Road, Suite 200 Phoenix, AZ 85012 Telephone: (602) 307-0837 Facsimile: (602) 307-0838 Email: markgiunta@giuntalaw.com About Jump Peoria, Inc. Jump Peoria, Inc. operates an indoor adventure and trampoline park under the Urban Air Adventure Park franchise in Peoria. Jump Peoria, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 26-00706) on January 26, 2026, listing $4,046,000 in assets and $10,584,998 in liabilities. Aubrey Hall signed the petition as president. Judge Madeleine C Wanslee presides over the case. Mark J. Giunta, Esq. at LAW OFFICE OF MARK J. GIUNTA serves as the Debtor's counsel. KARYOPHARM THERAPEUTICS: Affinity Asset Advisors Holds 8.6% Stake ----------------------------------------------------------------- Affinity Asset Advisors, LLC and Michael Cho, disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of January 22, 2026, they beneficially own 1,713,092 shares of common stock -- directly held by Affinity Healthcare Fund, LP, managed by Affinity Asset Advisors, LLC; includes 1,573,517 shares issuable upon exercise of warrants subject to a 9.99% beneficial ownership limitation; Michael Cho, managing member of the Adviser, may be deemed beneficial owner -- of Karyopharm Therapeutics Inc.'s common stock, $0.0001 par value per share, representing 8.6% of the 19,883,800 shares outstanding as of December 29, 2025, consisting of 18,310,283 shares outstanding plus 1,573,517 warrant shares after giving effect to the limitation) Affinity Asset Advisors, LLC may be reached through: Andrew Weinstein, CFO and CCO 450 Park Avenue, Suite 1403 New York, NY 10022 Tel: 917-826-4533 A full-text copy of Affinity Asset Advisors, LLC's SEC report is available at: https://tinyurl.com/bwrd85hy About Karyopharm Therapeutics Karyopharm Therapeutics Inc. operates as an oncology-focused pharmaceutical company. The Company offers combination with dexamethasone as a treatment for patients with pretreated multiple myeloma, as well as provides single-agent and combination activity against a variety of human cancers. Karyopharm Therapeutics serves patients in the United States, Germany, and Israel. Boston, Massachusetts-based Ernst & Young LLP, the Company's auditor since 2014, issued a "going concern" qualification in its report dated February 19, 2025, citing that the Company has incurred significant operating losses since inception, expects to incur significant operating losses for the foreseeable future, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. As of September 30, 2025, the Company had $96.23 million in total assets, $365.49 million in total liabilities, and $269.26 million in total equity. KASAI HOLDINGS: Trustee Taps Cross Law Firm PLC as Counsel ---------------------------------------------------------- Michael W. Carmel, Chapter 11 Trustee of Kasai Holdings Three, LLC, seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire The Cross Law Firm, PLC as his counsel. The firm will render these services: (a) give the Trustee legal advice with respect to its powers and duties in these proceedings; (b) prepare on behalf of the Trustee the necessary applications, answers, orders, reports and other legal papers; and (c) perform all other legal services. The firm's hourly rates are: James E. Cross, Esq. $750 Kara Stewart, Paralegal $225 James E. Cross, Esq., a partner at Cross Law Firm, PLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: James E. Cross, Esq. Cross Law Firm, PLC 7301 North 16th Street, Suite 102 Phoenix, AZ 85020 Tel: (602) 412-4422 About Kasai Holdings Three Kasai Holdings Three, LLC owns and operates a restaurant in Scottsdale, Ariz. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06967) on August 22, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Michael F. Russel, manager through Dinnertainment, LLC, signed the petition. Judge Brenda K. Martin presides over the case. Chris D. Barski, Esq., at Barski Law Firm, PLC, is the Debtor's bankruptcy counsel. KIM ENGINEERING: Gets OK to Use Cash Collateral Until Feb. 28 ------------------------------------------------------------- Kim Engineering, Inc. received a one-month extension from the U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division, to use cash collateral to fund operations. The court's interim order extended the Debtor's authority to use cash collateral from February 1 to 28 in accordance with its monthly budget (subject to a 10% variance), which projects total operational expenses of $558,771.96. As adequate protection, secured creditors -- the Internal Revenue Service and the Maryland Tax Department -- will receive monthly payments of $10,000 and $5,000, respectively. The IRS will also be granted a replacement lien on the Debtor's after-acquired property. Meanwhile, the Debtor was ordered to fully pay Prince George's County, Maryland, on its secured tax claims, including all accrued interest and penalties, upon confirmation of a Chapter 11 plan. Prince George's County holds a statutory first-priority lien on the Debtor's personal property. The order is available at https://is.gd/Uug4nS from PacerMonitor.com. Kim Engineering's cash collateral consists of monthly operating income of approximately $574,361, recovered funds from a previously frozen PNC account ($145,200), post-petition receivables mistakenly deposited into an owner's personal account ($19,200.90), potential recoveries from UCC lien creditors' preference payments ($150,802), and withheld funds from Block, Inc. ($11,548). The only secured creditors identified are the IRS and the Comptroller of Maryland, with total outstanding tax liens exceeding $11 million, secured by virtually all of the Debtor's assets. However, because the total asset value is only approximately $6.2 million, these tax creditors are undersecured. Several other creditors have filed UCC-1 financing statements but due to their junior position, they are considered unsecured. About Kim Engineering Inc. Kim Engineering Inc. is a professional engineering services firm based in Laurel, Maryland. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-16453) on July 15, 2025. In its petition, the Debtor reports estimated assets between $1 million and $50 million and estimated liabilities between $10 million and $50 million. Judge Lori S. Simpson oversees the case. The Debtor is represented by Weon G. Kim, Esq., at Weon G. Kim Law Office. KOOMBEA INC: Gets Extension to Access Cash Collateral ----------------------------------------------------- Koombea Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. At the February 2 hearing, the court authorized the Debtor to use up to $250,000 in cash collateral under the same terms as the prior order and set a further hearing for April 7. The Debtor was previously allowed to access cash collateral under the court's third interim order entered on January 27. The third interim order granted secured creditors -- Commercial Finance Partners, LLC and Breakout Finance, LLC -- a post-petition replacement lien. Based on the Debtor's review of the UCC 1 financing statements and its internal books and records, only Breakout Capital and Commercial Finance Partners are owed money from the Debtor and, therefore, will assert secured claims. Specifically, the Debtor's records indicate that Breakout Capital and Commercial Finance Partners are owed $590,162 and $121,490, respectively. About Koombea Inc. Koombea Inc., a company based in Miami, Florida, is a digital product development company that designs and develops mobile and web applications for startups and established enterprises, leveraging custom Agile methodologies and artificial intelligence to enhance innovation, efficiency, and digital presence. Koombea filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-02556) on December 22, 2025, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Luis Ernesto Rivera II presides over the case. Michael R. Dal Lago, Esq. represents the Debtor as legal counsel. KOSMOS ENERGY: Announces Early Tender Results for 2027 Senior Notes ------------------------------------------------------------------- Kosmos Energy Ltd. announced in a regulatory filing the early tender results of its previously announced cash tender offer for up to $250,000,000 aggregate principal amount of Kosmos's outstanding 7.750% Senior Notes due 2027. The Tender Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated January 12, 2026 (as amended and supplemented on January 26, 2026, the "Offer to Purchase") which is available on the transaction website https://projects.sodali.com/kosmos, subject to eligibility confirmation and registration. As of 5:00 p.m., New York City time, on January 28, 2026, according to information provided to Sodali & Co., the tender and information agent for the Tender Offer, the aggregate principal amount of Notes has been validly tendered and not validly withdrawn in the Tender Offer. Withdrawal rights in respect of tenders for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Time. The following sets forth the results of the Early Tender Settlement: a. Title of Notes: 7.750% Senior Notes due 2027 b. CUSIP/ISIN: * Rule 144A: 500688AF3 / US500688AF35 * Regulation S: U5007TAD7 / USU5007TAD73 c. Total Consideration: $990.00 Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Time and accepted for purchase. Excludes accrued interest, which will also be paid. d. Principal Amount Tendered at Early Tender Time: $182,457,000 e. Aggregate Principal Amount Accepted for Purchase: $182,457,000 The Company has elected to exercise its right to make payment for Notes that were validly tendered at or prior to the Early Tender Time and expects to purchase all tendered Notes upon the satisfaction of the Escrow Release Conditions (as defined in the Offer to Purchase), which is expected to occur on or about February 3, 2026. About Kosmos Energy Ltd. Kosmos Energy Ltd. is a Dallas, Texas based publicly traded exploration and production company with the main producing assets offshore West Africa, as well as assets in the US Gulf of America. As of September 30, 2025, the Company had $5.09 billion in total assets, $4.19 billion in total liabilities, and $898.78 million in total stockholders' equity. * * * In December 2025, Fitch Ratings has downgraded Kosmos Energy Ltd.'s Long-Term Company Default Rating (IDR) and senior unsecured ratings to 'CCC+' from 'B-' and removed them from Rating Watch Negative (RWN). The Recovery Rating is 'RR4'. The downgrade reflects increasing risk that Kosmos is unlikely to meet its financial covenants under the reserve-based lending (RBL) facility in its March 2026 test. Failure to meet financial covenants under the RBL facility constitutes an event of default. Fitch said, "We cannot fully rule out lender acceleration even though we consider it to be unlikely. We also believe refinancing risk is still significant for Kosmos despite its recently signed secured debt funding." KULANA HALE: Gets Final OK to Use Cash Collateral ------------------------------------------------- Kulana Hale, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of New York to use the cash collateral of secured creditors. The court authorized the Debtor to continue using cash collateral to pay ordinary-course operating expenses related to management and operation of the property and the Chapter 11 case, strictly in accordance with an approved budget. Limited budget variances are permitted, and use of cash collateral for non-approved purposes is expressly prohibited. The authorization continues unless a termination event occurs. The secured creditors with interest in the cash collateral are Bank of Hawaii, DM Kulana Hale Holdings, LLC and Dennis Mahoney, individually and as trustee of the Dennis W. Mahoney Revocable Trust. As adequate protection, secured creditors will be granted replacement liens on all of the Debtor's assets that are similar to their pre-bankruptcy collateral. The replacement liens do not apply to avoidance claims and will have the same priority as the secured creditors' pre-bankruptcy liens. The Bank of Hawaii's replacement lien retains priority over the Mahoney Group's lien, consistent with a prior subordination agreement. In case the replacement liens prove inadequate, secured creditors will be granted super-priority administrative expense claims subordinate to the fee carveout. As additional protection, Bank of Hawaii will continue to receive regular monthly payments while Mahoney will receive a monthly payment of $29,666.67 for the $10 million note and $4,450 as to the $1.5 million note. The Debtor's authority to use cash collateral terminates upon the occurrence of so-called events of default, which include dismissal or conversion of its Chapter 11 case; appointment of a trustee or examiner; and uncured defaults or violations of the Bankruptcy Code and court orders. The final order is available at https://is.gd/qTukF5 from PacerMonitor.com. Bank of Hawaii is represented by: Johnathan C. Bolton, Esq. Goodsill Anderson Quinn & Stifel LLP 999 Bishop Street, Suite 1600 First Hawaiian Tower Honolulu, HI 96813 Telephone: (808) 547-5854 Facsimile: (808) 547-5650 jbolton@goodsill.com About Kulana Hale LLC Kulana Hale, LLC classified itself as a single-asset real estate debtor, under the definition set forth in 11 U.S.C. Section 101(51B). Kulana Hale sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-11990) on September 12, 2025. In its petition, the Debtor reported total assets of $45,256,000 and total liabilities of $36,558,368. Honorable Bankruptcy JudgeÂ Philip Bentley handles the case. The Debtor is represented by Lewis W. Siegel, Esq. LATHER TRANSPORT: Commences Chapter 7 Bankruptcy in South Carolina ------------------------------------------------------------------ On January 8, 2026, Lather Transport, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of South Carolina. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About Lather Transport, LLC Lather Transport, LLC is a transportation and logistics company engaged in the movement of freight and related hauling services. Lather Transport, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00092) on January 8, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge L. Jefferson Davis IV handles the case. The Debtor is represented by Michael Glen Matthews, Esq. LEXARIA BIOSCIENCE: Confirms Board Slate, Auditor at Annual Meeting ------------------------------------------------------------------- Lexaria Bioscience Corp. convened its Annual Shareholder Meeting on January 27, 2026, at 1:00 p.m. (Pacific Time) where there were 8,380,389 shares of the Company represented in person or by proxy at the Meeting, constituting 37.71% of the Company's issued share capital as at December 1, 2025, being the record date of the Meeting. The matters voted upon at the Meeting and the final voting results are: 1. To elect Richard Christopher as a director For: 3,610,713 Against/Withheld: 806,470 Abstain: – Broker non-vote: 3,963,206 Percent approved: 81.7% 2. To elect John Docherty as a director For: 4,258,174 Against/Withheld: 159,008 Abstain: – Broker non-vote: 3,963,207 Percent approved: 96.4% 3. To elect Christopher Bunka as a director For: 3,779,780 Against/Withheld: 637,402 Abstain: – Broker non-vote: 3,963,207 Percent approved: 85.6% 4. To elect Nicholas Baxter as a director For: 4,082,174 Against/Withheld: 335,009 Abstain: – Broker non-vote: 3,963,206 Percent approved: 92.4% 5. To elect William Edward (Ted) McKechnie as a director For: 3,645,373 Against/Withheld: 771,809 Abstain: – Broker non-vote: 3,963,207 Percent approved: 82.5% 6. To elect Albert Reese Jr. as a director For: 3,252,873 Against/Withheld: 1,164,310 Abstain: – Broker non-vote: 3,963,206 Percent approved: 73.6% 7. To elect Bal Bhullar as a director For: 4,119,098 Against/Withheld: 298,085 Abstain: – Broker non-vote: 3,963,206 Percent approved: 93.3% 8. To appoint Malone Bailey LLP as auditors For: 8,070,899 Against/Withheld: 252,955 Abstain: 56,535 Broker non-vote: – Percent approved: 97.0% 9. To ratify the lawful actions of the directors for the past year For: 3,913,888 Against/Withheld: 437,312 Abstain: 65,982 Broker non-vote: 3,963,207 Percent approved: 90.0% The Percentage is calculated based on abstained votes and broker non-votes not being counted as a vote against the resolution. About Lexaria Headquartered in Kelowna, BC, Canada, Lexaria Bioscience Corp. -- http://www.lexariabioscience.com/-- is a biotechnology company pursuing the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients using its proprietary DehydraTECH drug delivery technology. The Company currently focuses on the investigation of the incorporation of its DehydraTECH drug delivery technology with GLP-1 and GIP drugs to enhance absorption and reduce adverse events. Houston, Texas-based MaloneBailey, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated November 26, 2025, attached to the Company's Annual Report on Form 10-K for the year ended August 31, 2025, citing that the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of November 30, 2025, the Company had $6.1 million in total assets, $1.5 million in total liabilities, and $4.5 million in total stockholders' equity. LEXARIA BIOSCIENCE: Registers 743K Shares via Evergreen Provision ----------------------------------------------------------------- Lexaria Bioscience Corp. filed a registration statement on Form S-8 with the U.S. Securities and Exchange Commission to register an additional 743,485 shares of common stock, par value $0.001 per share of the Company, which are issuable pursuant to awards that may be granted under the Equity Incentive Plan, as amended. These additional shares have become reserved for issuance as a result of the operation of the "evergreen" provision in the Plan. Under the Plan, a total of 2,488,744 shares of common stock have been reserved for issuance upon the grant of awards and exercise of options to directors, officers, employees and consultants of the Company and of the Company's affiliates, of which an aggregate 1,745,259 shares have been registered pursuant to the Company's previously filed Registration Statement on Form S-8 (collectively, the "Prior Registration Statements") * Form S-8 (File No. 333-284144), filed with the SEC on January 6, 2025 * Form S-8 (File No. 333-276584), filed with the SEC on January 18, 2024 * Form S-8 (File No. 333-258308), filed with the SEC on July 30, 2021 * Form S-8 (File No. 333-231585), filed with the SEC on May 17, 2019 A full text copy of the Registration Statement is available at https://tinyurl.com/mvhu92bn About Lexaria Headquartered in Kelowna, BC, Canada, Lexaria Bioscience Corp. -- http://www.lexariabioscience.com/-- is a biotechnology company pursuing the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients using its proprietary DehydraTECH drug delivery technology. The Company currently focuses on the investigation of the incorporation of its DehydraTECH drug delivery technology with GLP-1 and GIP drugs to enhance absorption and reduce adverse events. Houston, Texas-based MaloneBailey, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated November 26, 2025, attached to the Company's Annual Report on Form 10-K for the year ended August 31, 2025, citing that the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of November 30, 2025, the Company had $6.1 million in total assets, $1.5 million in total liabilities, and $4.5 million in total stockholders' equity. LS INTERIORS: Seeks Chapter 11 Bankruptcy in Florida ---------------------------------------------------- On January 29, 2026, LS Interiors Group, Inc. entered Chapter 11 bankruptcy proceedings in the Southern District of Florida. Court filings indicate the company reports debt between $100,001 and $1 million and identifies 1 to 49 creditors. About LS Interiors Group, Inc. LS Interiors Group, Inc. filed for Chapter 11 protection under the U.S. Bankruptcy Code (Case No. 26-11143) on January 29, 2026. In its bankruptcy petition, the Debtor lists estimated assets of $0 to $100,000 and estimated liabilities in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Erik P. Kimball presides over the matter. The Debtor is represented by Brian S. Behar, Esq. LUMINAR TECHNOLOGIES: Court OKs MicroVision Asset Purchase Deal --------------------------------------------------------------- Luminar Technologies, Inc. disclosed in a regulatory filing that on January 26, 2026, the Company held an auction pursuant to the bidding procedures approved by the U.S. Bankruptcy Court for the Southern District of Texas. At the conclusion of the Auction, the Company determined the bid submitted by MicroVision, Inc. was the highest or otherwise best Bid and designated MicroVision the successful bidder for the LiDAR Assets. The Company also determined the bid submitted by Quantum was the second highest or otherwise second-best bid and designated Quantum as the back-up bidder for the LiDAR Assets. The Company and MicroVision entered into a Purchase Agreement, pursuant to which, subject to the terms and conditions set forth therein, MicroVision agreed to acquire specified assets related to the Company's LiDAR business and assume certain liabilities, subject to the Bankruptcy Court's approval, for cash consideration of $33,000,000 pursuant to the MicroVision Asset Purchase Agreement. The MicroVision Asset Purchase Agreement contains customary representations and warranties of the parties and is subject to a number of closing conditions, including, among others: (i) the accuracy of representations and warranties of the parties; (ii) the entry of an order approving the MicroVision Asset Purchase Agreement and the transactions contemplated therein by the Bankruptcy Court; and (iii) compliance in all material respects with the obligations of the parties set forth in the MicroVision Asset Purchase Agreement. Upon the consummation of the transactions contemplated in the MicroVision Asset Purchase Agreement, the Stalking Horse Asset Purchase Agreement will terminate, and the Company will use a portion of the purchase price received from MicroVision to pay Quantum a break-up fee of $660,000 and reimburse Quantum for up to $500,000 of its reasonable, out-of-pocket and documented expenses. On January 27, 2026, the Bankruptcy Court approved the MicroVision Asset Purchase Agreement and the transactions contemplated therein. The MicroVision Asset Purchase Agreement may be terminated by the Buyer or the Company under certain circumstances, including, among others, if the Transaction is not closed by March 12, 2026 (subject to specified extensions), or upon the occurrence of certain Bankruptcy Court actions. A full text copy of the Purchase Agreement is available at https://tinyurl.com/bdda9yur About Luminar Technologies Inc. Luminar Technologies, Inc. is an automotive lidar manufacturer. Luminar Technologies Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90808) on December 15, 2025. In its petition, Luminar reported estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company engaged Jefferies LLC, as investment banking advisers, and Portage Point Partners, LLC's Triple P TRS, LLC as restructuring advisor and to provide interim management services for the Company. Omni Agent Solutions, Inc. serves as the claims and noticing agent. LUXURY FOOD: Seeks Chapter 7 Bankruptcy in Massachusetts -------------------------------------------------------- On January 26, 2026, Luxury Food Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Luxury Food Inc. Luxury Food Company is a Saudi food and hospitality firm specializing in operating franchised and licensed food brands. Luxury Food Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40072) on January 26, 2026. In its petition, the debtor reported estimated assets in the range of $0 to $100,000 and estimated liabilities between $100,001 and $1,000,000. Chief Judge Elizabeth D. Katz handles the case. The debtor is represented by Joseph G. Foley, Esq., of Joseph G. Foley, LLC. MARCO CUSTOM: Seeks Chapter 7 Bankruptcy in Florida --------------------------------------------------- Marco Custom Builders, LLC initiated a voluntary Chapter 7 bankruptcy proceeding on January 26, 2026, in the Middle District of Florida. Court records show the Debtor lists liabilities ranging from $100,001 to $1 million owed to approximately 1 to 49 creditors. About Marco Custom Builders, LLC Marco Custom Builders, LLC operates as a custom construction and building services provider. The Debtor sought relief under Chapter 7 of the U.S. Bankruptcy Code on January 26, 2026, under Bankruptcy Case No. 26-00174. The filing reflects estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Luis Ernesto Rivera II is presiding over the case. The Debtor is represented by Gregory A. Champeau, Esq. of Champeau Law. MARINER'S GATE: JPMorgan Seeks to Convert Chapter 11 to Chapter 7 ----------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Mortgage lender JPMorgan sought relief Monday, February 2, 2026, in a New York bankruptcy court, asking the judge to install a Chapter 11 trustee or alternatively convert a Manhattan landlord's, Mariner's Gate, bankruptcy to a Chapter 7 case. The bank alleges that the debtor's management has been diverting cash improperly, undermining confidence in its ability to administer the estate and protect secured interests. JPMorgan's motion highlights concerns about the value and handling of the lender's collateral and suggests that only a trustee or a liquidating Chapter 7 trustee can adequately preserve asset value for creditors. The judge will now consider whether extraordinary intervention is necessary in the ongoing bankruptcy, which could have significant implications for how the property and its debts are ultimately resolved. About Mariner's Gate LLC Mariner's Gate LLC is a single asset real estate company. Mariner's Gate LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-12819) on December 16, 2025. In its petition, the Debtor reports estimated assets in the range of $50 million to $100 million and estimated liabilities in the range of $50 million to $100 million. Honorable Bankruptcy Judge Philip Bentley handles the case. The Debtor is represented by J. Ted Donovan, Esq., of Goldberg Weprin Finkel Goldstein LLP. MARQUIS SOLAR: Commences Chapter 11 Bankruptcy in Florida --------------------------------------------------------- On January 20, 2026, Marquis Solar Frame Works, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to 1 to 49 creditors. About Marquis Solar Frame Works, Inc. Marquis Solar Frame Works, Inc. is engaged in the design and manufacture of solar energy framing systems and related renewable energy infrastructure. Marquis Solar Frame Works, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10661) on January 20, 2026. In its petition, the Debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Linda M. Leali, Esq. MARQUIS STAR: Taps Linda Leali and Alderman Law Firm as Co-Counsel ------------------------------------------------------------------ Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire the law firm of Linda Leali, P.A. and the law firm of The Alderman Law Firm as co-counsel. The firms' services include: a. give advice to the Debtors with respect to their powers and duties as a debtors-in-possession; b. advise the Debtors with respect to their responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; c. prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the Cases; d. protect the interests of the Debtors in all matters pending before the Court; e. represent the Debtors in negotiation with their creditors in the preparation of a plan; and f. perform all other legal services for the Debtor, which may be necessary. The firm's hourly rates are: Linda Leali $650 Jason Alderman $650 The firm received a retainer in the amount of $75,000. Linda Leali, P.A. and The Alderman Law Firm are "disinterested persons" within the meaning of 11 U.S.C. 101(14), according to court filings. The firms can be reached through: Linda Leali, Esq. LINDA LEALI, P.A. 2525 Ponce De Leon Blvd., Suite 300 Coral Gables, FL 33134 Telephone: (305) 341-0671 Email: lleali@lealilaw.com - and - Jason R. Alderman, Esq. THE ALDERMAN LAW FIRM 9999 NE 2nd Ave – Suite 211 Miami Shores, FL 33138 Telephone: (305) 200-5473 Email: jalderman@thealdermanlawfirm.com About Marquis Star Holding, Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10660 and 26-10661, respectively) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the Company's chief operating officer. Linda Leali, Esq. at LINDA LEALI, P.A. represents the Debtors as counsel. MESA RENTAL: Seeks Chapter 7 Bankruptcy in Colorado --------------------------------------------------- On January 30, 2026, Mesa Rental Center Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1 to 49 creditors. About Mesa Rental Center Inc. Mesa Rental Center Inc. is a provider of equipment rental solutions based in Colorado. The company offers tools, machinery, and specialized equipment for construction, industrial, and residential clients. Mesa Rental Center Inc sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10554) on January 30, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Thomas B. McNamara handles the case. The Debtor is represented by Aaron A. Garber, Esq. MISS AMERICA: Businessman Challenges $500MM Sanctions ----------------------------------------------------- Carolina Bolado of Law360 Bankruptcy Authority reports that on Monday, February 2, 2026, in federal court, attorneys representing a Florida businessman at the heart of a $500 million Miss America pageant ownership quarrel urged that a sanctions request against their client be denied, emphasizing that any allegedly incorrect filings were retracted once notified. They argued that withdrawing the challenged documents should protect their client from sanctions under the applicable procedural standards. The sanction motion emerges from a fierce legal dispute over who has legitimate ownership of the Miss America brand and competition, with each side advancing conflicting filings and legal theories. While the businessman's lawyers insist that corrective action was taken swiftly and in good faith, opposing counsel contends that sanctions are justified due to alleged misleading conduct, leaving the judge to balance procedural fairness and accountability, according to report. About Miss America Competition LLC Miss America Competition LLC is an annual competition open to women from the United States between the ages of 18 and 28. The competition's inception as a "bathing beauty review" was an act of rebellion during a time when women weren't permitted to wear swimsuits in public. In 1945, the organization started awarding scholarships to the winner instead of prize money, making Miss America one of the first organizations in the United States to offer college scholarships to women. Miss America Competition LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-22288) on November 22, 2024. In the petition filed by Glenn Straub, as sole member and manager, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Craig I. Kelley, Esq., at KELLEY KAPLAN & ELLER, PLLC, in West Palm Beach, Florida. MJ COLLISION: Seeks Chapter 11 Bankruptcy in Wisconsin ------------------------------------------------------ On January 8, 2026, MJ Collision LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Wisconsin. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to 1 to 49 creditors. About MJ Collision LLC MJ Collision LLC operates an automotive collision repair business, providing vehicle body repair and related services. MJ Collision, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-20085) on January 8, 2026, listing up to $50,000 in assets and between $500,001 and $1 million in liabilities. Judge G Michael Halfenger presides over the case. John W. Menn, Esq., at Swanson Sweet, LLP represents the Debtor as legal counsel. MODERNO PORCELAIN: Unsecureds Will Get 49.96% over 3 Years ---------------------------------------------------------- Moderno Porcelain Tampa, LLC, filed with the U.S. Bankruptcy Court for the Middle District of Florida a Plan of Reorganization dated January 26, 2026. The Debtor is a Texas limited liability company authorized to do business in the State of Florida. The Debtor specializes in the fabrication and installation of ultra-luxe large-format porcelain, sintered stone, and ultra-compact slabs (63"x126") in residential and commercial markets. The Debtor operates its business from a physical location, the Debtor's only showroom, located at 2215 51st Avenue East, Palmetto, FL 34221 (the "Premises"), to which the Debtor is party to that certain commercial real estate lease (the "Lease") dated as of March 21, 2022, with landlord, ALPROP-I, LLC (the "Landlord"). Since execution of the Lease roughly three years ago, the Debtor has expended over 4 million dollars in improving the Premises, including a build out specifically tailored to the Debtor's precise operations. In 2023, the Debtor had $493,030.00 in gross revenues and in 2024, the Debtor had $466,379.00 in gross revenues. However, since the Petition Date, the Debtor has undergone a comprehensive restructuring of its business plan in an effort to optimize sales of its porcelain products to better position itself in the marketplace. These initiatives have included, among other things: the addition of Lais Silva ("Ms. Silva") as the general manager of the Debtor; the conception of the bespoke Moderno Mightyfireplace(TM), a decorative hearth that is a fully customizable feature wall (the "Porcelain Feature Wall"); and developing the Debtor's footprint throughout the state of Florida, with a service territory that includes all of Florida's 67 counties, such as through referrals to the Debtor's services generated by leads from many of The Home Depot, Inc.'s individual stores throughout Florida. On December 4, 2025, the Debtor obtained Court approval for a loan to provide for funding throughout this Chapter 11 Case in the aggregate amount of $250,000.00 (the "DIP Loan"). To date, there remains an unfunded amount of $120,000.00 under the DIP Loan. The Plan and the Debtor's Forecast collectively provide that unsecured creditors will receive an amount that substantially exceeds the Debtor's Liquidation Value in the 3-year period of the Plan. The Reorganized Debtor shall distribute the payments to holders of allowed unsecured claims by making payments on a quarterly basis commencing ninety days subsequent to the Effective Date and terminating on the third anniversary after the Effective Date, totaling an aggregate amount of $1,402,879.25. Allowed Secured Claims are claims secured by property of the Debtor's bankruptcy estate (or that are subject to setoff) to the extent allowed as secured claims under section 506 of the Bankruptcy Code. If the value of the collateral or setoffs securing the creditor's claim is less than the amount of the creditor's allowed claim, the deficiency will be classified as a general unsecured claim. Holders of allowed Secured Claims shall receive a projected recovery of 100%. Class 3 General unsecured claims are not secured by property of the estate and are not entitled to priority under section 507(a) of the Bankruptcy Code. Except to the extent that a holder of an allowed general unsecured claim agrees to less favorable treatment, each holder of a general unsecured claim allowed under section 502 of the Bankruptcy Code shall receive their pro rata share of the distributions from the Debtor, as guaranteed by the Plan Proponent. Holders of allowed general unsecured claims shall receive their pro rata portion of $1,402,879.25, a projected recovery of up to 49.96%. Payments shall commence on the fifteenth day of the month, on the first month that begins more than ninety days after the Effective Date and shall continue quarterly for eleven additional quarters. Holders of general unsecured claims are impaired and entitled to vote. The equity interest of the Equity Holders will be cancelled and all assets of the Debtor will vest with the Reorganized Debtor. Equity in the amount of 100% of the Reorganized Debtor will be issued to Roberto Contreras. The Reorganized Debtor shall be expressly prohibited from making any distributions to holders of equity until all payments owed to holders of administrative expense claims and holders of allowed claims in Classes 1, 2, and 3 are completed. As provided for in this Plan, all remaining proceeds from the DIP Loan totaling $120,000.00 and all cash in excess of operating expenses generated from operation until the Effective Date shall be used for Plan Payments or Plan implementation, and cash on hand as of the Confirmation Date shall be available for Administrative Expenses. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=zQUqrm from PacerMonitor.com at no charge. Counsel for the Debtor: AKERMAN LLP Esther McKean, Esq. 420 South Orange Avenue, Suite 1200 Orlando, FL 32801 Phone: (407) 423-4000 / Fax: (407) 843-6610 E-mail: esther.mckean@akerman.com - and - Ian Roberts, Esq. 98 Southeast Seventh Street, Suite 1100 Miami, FL 33131 Phone: (305) 982-5537 E-mail: ian.roberts@akerman.com About Moderno Porcelain Tampa Moderno Porcelain Tampa, LLC, doing business as Moderno Porcelain Works, fabricates and installs large-format porcelain slabs for residential and commercial applications. The Company provides end-to-end services including design consultation, precision fabrication, and on-site installation of surfaces such as countertops, walls, and floors. It operates from Palmetto, Florida, serving clients across the greater Tampa area. Moderno Porcelain Tampa sought relief under Subchapter V o Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08025) on October 28, 2025. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Esther McKean, Esq., at Akerman, LLP. MOOCHO INC: Seeks Chapter 11 Bankruptcy in Florida -------------------------------------------------- On January 26, 2026, Moocho Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the Debtor reports between $0 and $100,000 in debt owed to 50 to 99 creditors. About Moocho Inc. Moocho Inc. offers a mobile app (both Moocho and Pepper) that allows users to make payments at various on-campus and off-campus merchants using their smartphones. Moocho Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10911) on January 26, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $0 and $100,000. The Debtor is represented by Thomas G. Zeichman, Esq. MULTI-COLOR CORP: Court OKs DIP Financing, Cuts Rollup Terms ------------------------------------------------------------ Hilary Russ of Law360 reports that Multi-Color Corp. won interim approval Monday, February 2, 2026, from a New Jersey bankruptcy judge to tap post-petition financing, but the court reduced the amount of prepetition debt eligible for rollup amid questions over collateral valuation tied to certain first-lien lenders. The judge found that the proposed financing was essential to maintain operations and preserve value for stakeholders, yet said the rollup raised concerns that warranted a more cautious approach. He authorized a scaled-back rollup for now, allowing the debtor to access funding while giving objecting parties more time to challenge the structure of the deal. About Multi-Color Corp Multi-Color Corporation (MCC) provides prime label solutions to some of the world’s most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.’s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. MULTI-COLOR CORP: RSA Includes $889M Equity Investment for Growth ----------------------------------------------------------------- Multi-Color Corporation announced on January 29, 2026, that to implement the previously announced restructuring support agreement, the Company has commenced its prepackaged Chapter 11 filing in the United States Bankruptcy Court for the District of New Jersey. MCC announced on January 27 that it had entered into the RSA with holders of approximately 72% in amount of MCC's secured first lien debt and its equity sponsor, CD&R, on the terms of a comprehensive financial restructuring. The transactions contemplated by the RSA will significantly deleverage MCC's balance sheet, reducing its net debt load from approximately $5.9 billion to approximately $2.0 billion. The Company's annualized cash interest will also be reduced from approximately $475 million to $140 million in 2026, a reduction of over $330 million, with long-term debt maturities extended to 2033 following consummation of the restructuring transactions. Additionally, the RSA provides for an $889 million new common and preferred equity investment that will support long-term growth and investment. Upon emergence, MCC will have more than $500 million of liquidity. BUSINESS AS USUAL: The RSA also provides for $250 million of new money debtor-in-possession financing to capitalize the business throughout the prepackaged Chapter 11 process. Subject to the Court's approval, this additional financing is expected to allow MCC to continue operating in the ordinary course during the restructuring without impacting trade creditors, customers, employees, vendors, or suppliers, and will allow the Company to honor its commitments to strategic partners. MCC has filed a series of customary "first day motions" that, subject to Court approval, will allow the Company to continue to operate in the ordinary course of business while it works to deleverage its capital structure. In addition to seeking approvals related to the DIP financing, MCC will seek authority to allow the Company to continue to maintain wages and benefits without interruption, satisfy employee-related claims, pay trade vendors and suppliers in full in the ordinary course, and perform other critical functions and processes necessary for the Company to continue uninterrupted operations. For more information on MCC's restructuring, including access to court documents, please visit www.veritaglobal.net/MCC. Stakeholders with questions can contact Verita, the Company's claims and noticing agent, at (866) 967-1788 (U.S./Canada toll free) or +1 (310) 751-2688 (International) or submit an inquiry to www.veritaglobal.net/MCC/inquiry. Additional information is also available at MCCForward.com. About Multi-Color Corp Multi-Color Corporation (MCC) provides prime label solutions to some of the world’s most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.’s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. MULTI-COLOR CORP: Willkie Farr & Rolnick Kramer Advise Canyon ------------------------------------------------------------- In the Chapter 11 bankruptcy cases of Multi-Color Corporation and its debtor-affiliates, Willkie Farr & Gallagher LLP and Rolnick Kramer Sadighi LLP filed with the United States Bankruptcy Court for the District of New Jersey a Verified Statement pursuant to Bankruptcy Rule 2019 to inform the Court the law firms represent a group of Excluded First Lien Lenders formed by certain holders of: (i) first lien term loans under a Cash Flow Credit Agreement, dated as of October 29, 2021, among LABL, Inc., the subsidiary borrowers from time to time party thereto, the lenders from time to time party thereto, and Barclays Bank PLC, as administrative agent and collateral agent; (ii) 5.875% senior secured notes due 2028 by LABL, Inc. as issuer pursuant to that certain Secured Notes Indenture, dated as of October 29, 2021, among LABL, Inc., as issuer, the guarantors party thereto, and Wilmington Trust, National Association, as trustee and note collateral agent (as amended, supplemented or otherwise modified from time to time, the "Secured Notes Indenture"); (iii) 9.500% senior secured notes due 2028, issued by LABL, Inc. as issuer pursuant to the Secured Notes Indenture; and (iv) 8.625% senior secured notes due 2031 issued by LABL, Inc. as issuer pursuant to Secured Notes Indenture. The firms state that: 1. In or around January 2026, the Excluded First Lien Lenders engaged Willkie to represent them in connection with the Members' holdings of indebtedness of the Debtors. In or around January 2026, the Excluded First Lien Lenders engaged RKS to act as co-counsel in the Chapter 11 Cases. 2. Counsel represents only the Excluded First Lien Lenders and does not represent or purport to represent any entities other than the Excluded First Lien Lenders in connection with the Chapter 11 Cases. In addition, the Excluded First Lien Lenders do not claim or purport to represent any other entity and undertake no duties or obligations to any entity. 3. The Members, collectively, beneficially own (or are the investment advisors or managers for funds that beneficially own) or manage approximately (i) $49 million in aggregate principal amount of First Lien Term Loans and (ii) $51.5 million in aggregate principal amount of Secured Notes 4. The information provided is based upon information provided by the Members to Willkie and is subject to change. 5. Upon information and belief formed after due inquiry, Counsel does not hold any claim against, or interests in, the Debtors or their estates, other than claims for fees and expenses incurred in representing the Excluded First Lien Lenders. Willkie's address is 1875 K Street, N.W. Washington, DC 20006-1238. RKS's address is 300 Executive Drive, Suite 275, West Orange, New Jersey 07052. 6. Counsel submits this Statement out of an abundance of caution, and nothing should be construed as an admission that: (i) the requirements of Bankruptcy Rule 2019 apply to Counsel's representation of the Excluded First Lien Lenders or (ii) the Excluded First Lien Lenders constitute a "group" (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended or any successor provision), including any group acting for the purpose of acquiring, holding, or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Securities Exchange Act of 1934, as amended or any successor provision). 7. Nothing contained in this Statement should be construed as (i) a waiver or release of any claims against the Debtors by any Member, (ii) an admission with respect to any fact or legal theory, or (iii) a limitation upon, or waiver of, any Member's right to file and/or amend a proof of claim in accordance with applicable law and any orders entered in the Chapter 11 Cases establishing procedures for filing proofs of claim or interests. 8. Counsel reserves the right to amend or supplement this Statement. The names, addresses, and nature and amount of all disclosable economic interests of each Member, are: 1. Canyon CLO Advisors L.P., on behalf of its participating clients 2728 N. Harwood St., 2nd Floor Dallas, TX 75201 $47,093,444.46 in aggregate principal amount of Cash Flow Term Loans $1,000,000 in aggregate principal amount of 8.25% senior unsecured notes due 2029 2. Canyon Capital Advisors LLC, on behalf of its participating clients 2728 N. Hardwood St., 2nd Fl. Dallas, TX 75201 $1,984,496.12 in aggregate principal amount of Cash Flow Term Loans $8,000,000 in aggregate principal amount of 5.875% senior secured notes due 2028 $2,000,000 in aggregate principal amount of 9.5% senior secured notes due 2028 $41,584,000 in aggregate principal amount of 8.625% senior secured notes due 2031 $77,665,000 in aggregate principal amount of 8.25% senior unsecured notes due 2029 $174,290,000 in aggregate principal amount of 10.5% senior unsecured notes due 2027 Counsel for the Excluded First Lien Lenders may be reached at: Sheila Sadighi, Esq. Nicole T. Castiglione, Esq. Frank T.M. Catalina, Esq. ROLNICK KRAMER SADIGHI LLP 300 Executive Drive, Suite 275 West Orange, NJ 07052 Tel: (212) 597-2800 E-mail: ssadighi@rksllp.com ncastiglione@rksllp.com fcatalina@rksllp.com - and - Mark T. Stancil, Esq. Christopher DiPompeo, Esq. WILLKIE FARR & GALLAGHER LLP 1875 K Street, N.W. Washington, DC 20006-1238 Tel: (202) 303-1133 E-mail: mstancil@willkie.com cdipompeo@willkie.com About Multi-Color Corporation Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on Jan. 29, 2026. In its petition, MCC estimated assets between $1 billion and $10 billion. MCC says liabilities total $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.'s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. Jones Day represents the Crossover Ad Hoc Group. First lien lenders Canyon CLO Advisors L.P., and Canyon Capital Advisors LLC are represented by Willkie Farr & Gallagher LLP and Rolnick Kramer Sadighi LLP. MY CAR WASH: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division, entered an interim order authorizing My Car Wash, LLC to use cash collateral. The court authorized the Debtor to use the cash collateral of First Bank of the Lake on an interim basis, subject to a court-approved budget. The Debtor may pay ordinary and necessary operating expenses, U.S. Trustee quarterly fees, and budgeted line items with up to a 10% variance, with any additional use requiring the secured creditor's written consent. The Debtor projects total operational expenses of $53,584.26 for the period from January 15 to February 15. As adequate protection, the order granted automatically perfected post-petition replacement liens to secured creditors on cash collateral, maintaining the same validity and priority as their pre-bankruptcy liens. My Car Wash must also maintain insurance, comply with all debtor-in-possession obligations, and provide the secured creditor access to records and premises. A continued hearing is scheduled for February 17. The order is available at https://is.gd/tbuekb from PacerMonitor.com. First Bank of the Lake is represented by: Ian S. MacDonald, Esq. Clark Partington 215 S. Monroe Street, Suite 530 Tallahassee, FL 32301 Telephone: (850) 320-6825 Fax: (850) 597-7591 imacdonald@clarkpartington.com hrice@clarkpartington.com bgilman@clarkpartington.com About My Car Wash, LLC My Car Wash, LLC, based in Belleview, Florida, operates a commercial car wash offering full-service and automated cleaning to individual and fleet customers at its single location on South Highway 441. My Car Wash, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 3:26-bk-00161) on January 15, 2026. At the time of the filing, the Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. . Mark S. Roher, P.A. also known as The Law Office of Mark S. Roher, P.A. is the Debtor's bankruptcy counsel. NEAREST GREEN: Bidder with SEC Record Shows Interest in Buying Debt ------------------------------------------------------------------- Duane Cross of Observer reports that Uncle Nearest Inc.'s ongoing receivership has taken another turn after filings revealed that a bidder interested in acquiring the company's debt may include an investor with a past enforcement judgment from the U.S. Securities and Exchange Commission. The whiskey producer has been under court oversight since August 2025, when it defaulted on a loan exceeding $108 million from Farm Credit Mid-America. Since then, the receiver has evaluated multiple refinancing and sale discussions but has not approved any transaction, the report states. According to court documents, the investor group now entering the bidding process could include a party previously found liable in an SEC fraud case. The potential involvement of a bidder with regulatory history could complicate the court’s review of any proposed deal. Receiver Phillip G. Young Jr. told shareholders that while discussions continue, no firm offer is currently acceptable. Any approved transaction, he said, would require court approval and provide shareholders with advance notice and the opportunity to raise objections. About Nearest Green Distillery Nearest Green Distillery, also known as Uncle Nearest Distillery, is a Shelby, Tennessee-based distillery. A Tennessee federal judge on August 14, 2025, granted Farm Credit Mid-America's motion to place Nearest Green Distillery and its related companies under receivership after alleged loan defaults of more than $108 million. The lender accused the distillery of overstating its barrel inventory, which served as collateral, and violating key financial covenants. The court appointed Phillip G. Young Jr. to oversee operations and protect the company's assets amid the dispute. NEW GRANT: Grant Building Offered via Bankruptcy Sale in Atlanta ---------------------------------------------------------------- The Hilco Global real estate group is accepting offers for the Grant Building, a 125,000+/- SF, 10-story site with hospitality and mixed-use redevelopment opportunities. Available via a bankruptcy sale, this downtown Atlanta property is a historic landmark located in the Fairlie-Poplar district at 44 Broad Street, Atlanta, Ga. Originally completed in 1898 by the architectural firm Bruce & Morgan, this steel-framed skyscraper is among the oldest surviving high-rises in the Southeast and was listed on the National Register of Historic Places in 1979. A hallmark of Chicago School architecture, this site is recognized for its rectilinear form, expansive windows designed to maximize natural light and ornate terra cotta detailing, defining its presence in downtown Atlanta. Over the years, there have been meaningful improvements, most recently with a renovation in 2024. The building has been partially gutted and prepped for a full interior build-out, creating a rare opportunity to reimagine an architecturally significant structure for modern use. With its large floor plates, high ceilings and abundant window lines, the property is ideally suited for boutique hospitality, residential or mixed-use redevelopment, including ground-floor retail and food-and-beverage concepts. Located in the heart of the Fairlie-Poplar Historic District, the property is surrounded by distinctive character and lies within proximity to some of Atlanta's most active urban corridors. Major destinations such as Mercedes-Benz Stadium, State Farm Arena and Centennial Olympic Park, along with multiple MARTA rail stations, are all within walking distance. Georgia State University and key government, business and cultural institutions are also nearby. This highly centralized setting offers exceptional transit connectivity and consistent daily foot traffic from students, professionals and visitors--reinforcing the site's appeal for a broad range of redevelopment opportunities. This bustling downtown scene has contributed to Atlanta's role as a leading tourism destination. In 2024, Georgia welcomed more than 174 million visitors, with downtown Atlanta serving as a central hub for culture, government and economic activity. This visitor demand is complemented by sustained population growth. Between 2020 and 2024, Georgia's population increased by approximately 4%, reaching an estimated 11.2 million residents, and driving continued demand for housing, services and mixed-use development. Together, rising visitation, growing residential density and ongoing public- and private-sector investment are accelerating Atlanta's evolution into a more vibrant, walkable, mixed-use urban center. Keith Worsham, senior director and head of hospitality and hotels in the Hilco Global real estate group, stated, "Few buildings tell Atlanta's story as powerfully as the Grant Building. This next chapter focuses on preserving its past while positioning the property to meet the needs of today's dynamic downtown." Jeff Hubbard, director in the Hilco Global real estate group, added, "Importantly, this offering is eligible for historic tax credits, offering meaningful financial incentives to preserve an irreplaceable landmark while reinvesting in the city's continued revitalization." The sale of the Grant Building is being conducted subject to approval by Order of the U.S. Bankruptcy Court Northern District of Georgia (Atlanta) Case No. BK 25-61599-PWB and with Weston Worsham, GA Broker Lic. #373549. Offers must be submitted using the documents available for review and download on the Hilco Global Real Estate Sales website. Interested bidders should review the requirements in order to participate in the bankruptcy sale process on the Hilco Global website. For further information, please contact Keith Worsham at (404) 514-0242 or kworsham@hilcoglobal.com, Jeff Hubbard at (631) 295-3531 or jhubbard@hilcoglobal.com and Weston Worsham at (404) 304-4993 or kworsham@hilcoglobal.com. For additional details, due diligence access and terms of sale, visit Hilco Global Real Estate Sales website or call (855) 755-2300. About Hilco Global Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com. About New Grant Acquisitions New Grant Acquisitions, LLC is a real estate lessor with its principal assets located at 44 Broad Street NW in Atlanta, Georgia. New Grant Acquisitions, LLC in Davenport, IA, sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25 61599) on Oct. 6, 2025, listing as much as $10 million to $50 million in both assets and liabilities. Brent Crittenden, authorized agent, signed the petition. Scroggins, Williamson & Ray, PC serves as the Debtor's counsel. NEW PROVIDENCE DEVELOPMENT: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------------------------ New Providence Development Corporation commenced a voluntary Chapter 11 bankruptcy case on January 30, 2026, in the Southern District of Florida. Court records show the debtor lists liabilities totaling $100,001 to $1 million and identifies 1–49 creditors. About New Providence Development Corporation New Providence Development Corporation operates as a property development and investment firm, managing real estate assets and pursuing development opportunities. Its business activities include property ownership, development planning, and asset management. The company filed for relief under Chapter 11 of the U.S. Bankruptcy Code on January 30, 2026 (Bankr. Case No. 26-11252). The bankruptcy petition discloses estimated assets ranging from $1 million to $10 million, with estimated liabilities between $100,001 and $1 million. The case is overseen by Honorable Bankruptcy Judge Peter D. Russin. The debtor is represented by Joe M. Grant, Esq. NEWTEKONE INC: Redeems $294 Million Senior Notes Since 2018 ----------------------------------------------------------- NewtekOne, Inc. retired $95 million of fixed rate senior notes that matured on February 1, 2026. The 5-year notes, which were publicly traded under the ticker symbol "NEWTZ", were issued in 2021. The Company funded the $95.0 million repayment with $87.1 million of working capital and a recently completed exchange offer pursuant to which the Company exchanged $7.9 million of NEWTZ notes for a like amount of newly issued NEWTO notes. The NEWTZs were the last remnant of debt that the Company had issued as a BDC and were owned by many investors that were buyers of BDC debt. Inclusive of the just retired $95 million of senior notes, since 2018 the Company has redeemed $294 million of senior notes: -- $40.3 million of fixed rate, publicly traded senior notes due 2021 were retired in March 2018 -- $8.3 million of fixed rate, publicly traded senior notes due 2022 were retired in August 2019 -- $57.5 million of fixed rate, publicly traded senior notes due 2023 were retired in February 2021 -- $78.3 million of fixed rate, publicly traded senior notes due 2024 were retired in December 2021 -- $15.0 million of fixed rate, privately issued senior notes due 2025 were retired in May 2022. Barry Sloane, Founder, CEO, President, and Chairman of NewtekOne, commented, "We are proud of NewtekOne's 25-year history as a public company, having managed through tumultuous periods such as 9/11, the Great Financial Crisis, COVID-19, higher interest rates, lower interest rates, and our 2023 transition from a BDC to a technology-enabled financial holding company. In addition to the Company having never missed a principal or an interest payment, the 17 securitizations we've issued have maintained their initial investment-grade ratings or been upgraded and have never been on credit watch." About NewtekOne, Inc. NewtekOne(R), Your Business Solutions Company(R), is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek(R) brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk. NewtekOne's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com) Newtek(R), NewtekOne(R) , Newtek Bank(R) , National Association, Your Business Solutions Company(R), One Solution for All Your Business Needs(R) and Newtek Advantage(R) are registered trademarks of NewtekOne, Inc. NFN8 GROUP: Bitcoin Miner in Chapter 11 to Pursue Sale ------------------------------------------------------ Bitcoin miner NFN8 Group, Inc., and two affiliates sought Chapter 11 protection with plans to sell substantially all assets. NFN8 Group said in court filings that one of the Debtors' principals, Josh Moore, is affiliated with a potential purchaser for the business. The Debtors are expected to file with the Bankruptcy Court their proposed bidding procedures for a court-supervised marketing and sale process for substantially all assets. The Debtors have arranged a debtor-in-possession financing to provide the Debtors with immediate liquidity necessary to stabilize operations, preserve going-concern value, and fund a prompt, orderly, and court-supervised sale process. Twelve Bridge Capital, LLC, a third-party lender, has agreed to provide a multi-draw term loan in an aggregate principal amount of up to $2,750,000. Debtors' Business The Debtors operate a bona fide, asset-intensive Bitcoin mining business at industrial scale. NFN8 Group and its subsidiaries NFN8 Capital, LLC and NFN8 Holdings, LLC, own, lease, and operate thousands of industrial-grade Bitcoin mining supercomputers deployed across multiple facilities supported by dedicated power infrastructure, hosting arrangements, and operational personnel. To fund the acquisition and deployment of Bitcoin mining equipment at scale, the Debtors offered a sale-leaseback equipment financing program to third parties. The program involves more than 250 separate lease counterparties and several thousand miners deployed across the Debtors' hosting facilities. In addition to leased equipment, NFN8 Capital owns and operates a fleet of unencumbered Bitcoin-mining supercomputers that are not subject to any lease or financing arrangements. NFN8 Capital owns over 5,000 such machines. The Debtors currently operate three mining facilities: one located at 2205 Old Uvalde Hwy., Crystal City, Texas 78839, one located at 38773 Whippoorwill Rd., Shelby, Iowa 51570, and one located at 2004 F58, Walnut, Iowa 51577. Road to Bankruptcy Starting in 2020, Core Scientific, Inc., then the world's leading digital infrastructure provider, hosted a majority of the miners operated by the Debtor. But in December 2022, Core Scientific filed for bankruptcy protection (Bankr. S.D. Texas Case No. 22-90341) and in mid-2023 it terminated NFN8's hosting agreements. The Debtors then implemented a targeted, temporary suspension of lease payments tied to miners that were no longer operational due to the Core Scientific termination. In February 2024, once alternative hosting arrangements were identified, NFN8 set uniform modification under which suspended payments would resume on a staggered basis and lease terms would be extended by the duration of the suspension. Although the April 2024 Bitcoin halving was known in advance, the post-halving market response deviated materially from prior cycles. At the same time, NFN8 experienced unexpected delays and cost overruns in building its hosting facilities. As mining revenues were insufficient to fund lease obligations, NFN8 starting in June 2024, implemented a second temporary suspension of certain lease payments. NFN8 resumed payments in mid-November 2024 but again suspended payments in late 2025 due to further disruptions. During the week between Christmas and New Year's Day 2025, a fire occurred at the Debtors' mining facility in Crystal City, Texas, reducing mining capacity and revenue by as much as 50%. On Oct. 10, 2024, three participants in the sale-leaseback program, filed suit against the Debtors and certain affiliates and control persons asserting claims for breach of contract, fraud, and alleged securities violations. The suit, Mobile Med Work Health Solutions, et al. v. Moore, et al., W.D. Tex. Case No. Case No. 1:24-CV-1219), sought extraordinary pre-judgment relief, including injunctive relief and the appointment of a receiver. On March 17, 2025, the court granted the defendants' motion to compel arbitration. Despite sustained efforts, the Debtors have been unable to resolve the pending arbitration. The escalating cost of litigation, combined with the operational disruption caused by the fire, materially impaired liquidity. An adverse arbitral award followed by post-judgment collection efforts would likely result in operational paralysis and a value-destructive dismemberment of the Debtors' mining platform. Accordingly, the Debtors commenced chapter 11 cases to preserve value and ensure an orderly, transparent restructuring. About NFN8 Group NFN8 Group, Inc., through its subsidiaries NFN8 Capital, LLC and NFN8 Holdings, LLC, operates industrial-scale Bitcoin mining operations across multiple facilities in the United States, managing thousands of high-performance mining computers supported by dedicated power, cooling, and network infrastructure. The Company's revenues are primarily derived from Bitcoin block rewards and transaction fees, supplemented by equipment sales, leases, joint ventures, and hosting fees, which are used to fund operations, maintain its mining fleet, and meet financial obligations. Its business is classified under the cryptocurrency and blockchain services sector, focusing on large-scale digital asset mining and infrastructure management. NFN8 Group, Inc., and its two subsidiaries sought Chapter 11 protection (Bankr. W.D. Texas Lead Case No. 26-10193) on Feb. 2, 2026. NFN8 Group listed assets of up to $50,000 and debt of $1 million to $10 million. Subsidiary NFN8 Capital listed assets and debt of $1 million to $10 million. The Hon. Shad M Robinson presides over the case. Kane Russell Coleman Logan PC is serving as the Debtors' bankruptcy counsel. HMP Advisory Holdings, LLC, d/b/a Harney Partners, is the Debtors' financial advisor. Erik White, a managing director of Harney Partners, has been designated as CRO of the Debtors. Winston & Strawn LLP is representing the Debtors in the lawsuit filed by Mobile Med Work Health Solutions, et al. NFN8 GROUP: Case Summary & One Unsecured Creditors -------------------------------------------------- Lead Debtor: NFN8 Group, Inc. 13809 Research Boulevard, Suite 785 Austin, TX 78750 Business Description: NFN8 Group, Inc., through its subsidiaries NFN8 Capital, LLC and NFN8 Holdings, LLC, operates industrial-scale Bitcoin mining operations across multiple facilities in the United States, managing thousands of high-performance mining computers supported by dedicated power, cooling, and network infrastructure. The Company's revenues are primarily derived from Bitcoin block rewards and transaction fees, supplemented by equipment sales, leases, joint ventures, and hosting fees, which are used to fund operations, maintain its mining fleet, and meet financial obligations. Its business is classified under the cryptocurrency and blockchain services sector, focusing on large-scale digital asset mining and infrastructure management. Chapter 11 Petition Date: February 2, 2026 Court: United States Bankruptcy Court Western District of Texas Three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- NFN8 Group, Inc. (Lead Case) 26-10193 NFN8 Capital, LLC 26-10194 NFN8 Holdings, LLC 26-10195 Judge: Hon. Shad M Robinson Debtors' General Bankruptcy Counsel: William R. "Trip" Nix, Esq. J. Casey Roy, Esq. Casey Roy, Esq. Abigail Rogers, Esq. KANE RUSSELL COLEMAN LOGAN PC 401 Congress Ave., Suite 2100 Austin, Texas 78701 Phone: 512-487-6568 Email: tnix@krcl.com Email: croy@krcl.com Email: arogers@krcl.com AND JaKayla J. DaBera, Esq. 901 Main Street, Suite 5200 Dallas, Texas 75202 Phone: (214) 777-4200 Email: jdabera@krcl.com NFN8 Group, Inc.'s Estimated Assets: $0 to $50,000 NFN8 Group, Inc.'s Estimated Liabilities: $1 million to $10 million NFN8 Capital LLC's Estimated Assets: $1 million to $10 million NFN8 Capital LLC's Estimated Liabilities: $1 million to $10 million NFN8 Holdings LLC's Estimated Assets: $0 to $50,000 NFN8 Holdings LLC's Estimated Liabilities: $1 million to $10 million The petitions were signed by Erik White as chief restructuring officer. NFN8 Group, Inc. listed the Internal Revenue Service, Centralized Insolvency Office in Philadelphia, Pennsylvania, as its only unsecured creditor, citing a $3,205,436 claim related to 2021 federal taxes. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/3FRYZYA/NFN8_Group_Inc__txwbke-26-10193__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/3MGWLCY/NFN8_Capital_LLC__txwbke-26-10194__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/3KUBT4I/NFN8_Holdings_LLC__txwbke-26-10195__0001.0.pdf?mcid=tGE4TAMA NINE ENERGY: Case Summary & 30 Largest Unsecured Creditors ---------------------------------------------------------- Lead Debtor: Nine Energy Service, Inc. 2001 Kirby Drive, Suite 200 Houston, Texas 77019 Business Description: Nine Energy Service, Inc. is an oilfield services company that provides completion services and downhole technologies for unconventional oil and gas wells, supporting horizontal and multistage well development across major onshore basins in the United States and Canada and in select international markets. The Company works with exploration and production customers to design and deploy solutions used to prepare wells for production and operates through an asset-light model with multiple completion-focused service lines. Headquartered in Houston, Texas, Nine is listed on the New York Stock Exchange under the symbol NINE and maintains operations across North America and abroad, including a research and development facility in Norway. Chapter 11 Petition Date: February 1, 2026 Court: United States Bankruptcy Court Southern District of Texas Ten affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Nine Energy Service, Inc. (Lead Debtor) 26-90295 CDK Perforating, LLC 26-90296 Crest Pumping Technologies, LLC 26-90297 Magnum Oil Tools GP, LLC 26-90298 Magnum Oil Tools International, LTD 26-90299 MOTI Holdco, LLC 26-90300 Nine Downhole Technologies, LLC 26-90301 Nine Energy Canada Inc. 26-90302 Nine Energy Service, LLC 26-90303 RedZone Coil Tubing, LLC 26-90304 Judge: Hon. Christopher M Lopez Debtors' Bankruptcy Co-Counsel: John J. Kane, Esq. Kyle Woodard, Esq. JaKayla J. DaBera, Esq. KANE RUSSELL COLEMAN LOGAN PC 901 Main Street, Suite 5200 Dallas Texas 75202 Tel: (713) 425-7400 Fax: (713) 425-7700 Email: jkane@krcl.com kwoodard@krcl.com jdabera@krcl.com AND Michael P. Ridulfo, Esq. Sage Plaza, 5151 San Felipe, Suite 800 Houston, Texas 77056 Tel: (713) 425-7400 Fax: (713) 425-7700 Email: mridulfo@krcl.com Debtors' Bankruptcy Co-Counsel: Chad J. Husnick, P.C. KIRKLAND & ELLIS LLP AND KIRKLAND & ELLIS INTERNATIONAL LLP 333 West Wolf Point Plaza Chicago, Illinois 60654 Tel: (312) 862-2000 Fax: (312) 862-2200 Email: chad.husnick@kirkland.com AND Ross J. Fiedler, Esq. 601 Lexington Avenue New York, New York 10022 Tel: (212) 446-4800 Fax: (212) 446-4900 Email: ross.fiedler@kirkland.com Debtors' Financial Advisor: FTI CONSULTING, INC. Debtors' Investment Banker: MOELIS & COMPANY LLC Debtors' Claim & Noticing Agent: EPIQ CORPORATE RESTRUCTURING, LLC Debtors' Tax Advisor: KPMG LLP Total Assets as of September 30, 2025: $340,701,000 Total Debts as of September 30, 2025: $436,567,000 The petitions were signed by Guy Sirkes as executive vice president and chief financial officer. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/AER3KLY/Nine_Energy_Service_Inc__txsbke-26-90295__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. GEO Dynamics Inc Trade Debts $1,779,943 Po Box 202810 Dallas, TX 75320-2810 Contact: Rosalia Glenn Phone: (817) 341-5329 Email: rosalia.glenn@perf.com 2. Buzzi Unicem USA Trade Debts $1,675,599 15293 Collections Center Drive Chicago, IL 60693 Contact: Michelle Murphy Phone: (317) 706-7402 Email: michelle.murphy@buzziunicemusa.com 3. Tenaris Coiled Tubes, LLC Trade Debts $1,655,920 2200 W Loop South 800 Houston, TX 77027 Contact: Kathy Worchesik Phone: (713) 585-3916 Email: kworchesik@tenaris.com 4. The Gund Company Inc. Trade Debts $1,596,695 Po Box 843034 Kansas City, MO 64184-3034 Contact: Paul Marino Phone: (972) 389-0615 Email: receivables@thegundcompany.com 5. Martin Marietta Materials, Inc. Trade Debts $1,585,194 Po Box 677061 Dallas, TX 75267-7061 Contact: Tammy Ricklic Phone: (972) 647-3881 Email: tammy.ricklic@martinmarietta.com 6. Xconnect LLC Trade Debts $1,526,517 Po Box 393 Farmington, NM 87499 Contact: Dave Belland Phone: (505) 320-1770 Email: accounting@xcperf.com 7. On File Trade Debts $1,226,040 8. On File Trade Debts $1,134,455 9. Global Tubing, L.L.C. Trade Debts $1,115,103 Po Box 204538 Dallas, TX 75320-4538 Contact: Jeremy Traylor Phone: (713) 265-5000 Email: jtraylor@global-tubing.com 10. Ash Grove Cement South Texas LLC Trade Debts $927,427 11011 Cody St Overland Park, KS 66210 Contact: Amber Fields Phone: (281) 260-3700 Email: amber.fields@ashgrove.com 11. Fritz Industries, Inc. Trade Debts $840,537 Po Box 118693 Dallas, TX 75011-8693 Contact: Michael Kovar Phone: (972) 329-8839 Email: ar@fritzind.com 12. Luxfer Mel Technologies Trade Debts $803,577 Elektron Technology Centre Lumns Lane Manchester M27 8ln United Kingdom Contact: Karen Hodgkiss Phone: (303) 589-3189 Email: karen.hodgkiss@luxfer.com 13. Hunting Titan Inc. Trade Debts $747,929 Po Box 206473 Dallas, TX 75320-6473 Contact: Jeff Skinner Phone: (800) 665-3781 Email: wh-tw14-brockway@hunting-int.com 14. Itochu Chemicals America Inc Trade Debts $736,606 Po Box 200900 Pittsburgh, PA 15251-0900 Contact: Teresa Houang Phone: (914) 333-7808 Email: teresa.houang@itochu-ca.com 15. On File Trade Debts $661,830 16. On File Trade Debts $553,708 17. On File Trade Debts $534,230 18. 3M Trade Debts $491,144 P.O. Box 844127 Dallas, TX 75284-4127 Contact: Sherrie Pewitt Phone: (651) 733-1110 Email: wireinfo@mmm.com 19. Maxim Crane Works, LP Trade Debts $462,694 P.O. Box 854389 Minneapolis, MN 55485-4389 Contact: John Werner Phone: (412) 469-3700 Email: jwerner@maximcrane.com 20. M Force 7, Inc. Trade Debts $443,194 214 Cr 3341 Paradise, TX 76073 Contact: Homer Mundy Phone: (940) 969-6956 Email: homermundy@yahoo.com 21. CNK Solutions, LLC Trade Debts $406,887 2702 Alouette Drive Grand Prairie, TX 75052 Contact: Mike Nguyen Phone: (972) 623-2099 Email: mnguyen@cnk-solutions.com 22. Eco Material Technologies Inc Trade Debts $398,322 Po Box 843922 Dallas, TX 75284-3922 Contact: Sara May Phone: (210) 349-4069 Email: sara.may@boral.com 23. Oil States Industries, Inc. Trade Debts $383,646 Po Box 200149 Dallas, TX 75320-0149 Contact: Margaret Buckles Phone: (918) 250-0828 Email: margaret.buckles@oilstates.com 24. Express Minerals LLC Trade Debts $367,379 Po Box 60593 Midland, TX 79711 Contact: Julio Fernandez Phone: (956) 239-1146 Email: j.fernandez@xpminerals.com 25. On File Trade Debts $359,259 26. Newgen Systems Limited Trade Debts $356,572 8 St. Georges Street Douglas IM1 1AH Isle Of Man Contact: Malcolm Pitman Phone: 44 (162) 466-5100 Email: malcolm@newgensystems.com 27. Flint Logistics Group, LLC Trade Debts $353,349 11212 N May Ave Suite 303 Oklahoma City, OK 73120 Contact: Zack Kranz Phone: (575) 390-0021 Email: ar@flintlogisticsgroup.com 28. PS Trucking LLC Trade Debts $332,797 Po Box 3130 Alice, TX 78333 Contact: Gilbert Castro Phone: (361) 877-3891 Email: ps88trucking@gmail.com 29. Magnum Machine & Mfg LLC Trade Debts $330,609 Po Box 644 Sinton, TX 78387 Contact: Heather Cohea Phone: (361) 364-2261 Email: heather.cohea@magnum-machine.com 30. D&L Manufacturing, Inc. Trade Debts $312,046 Po Box 52220 Tulsa, OK 74152 Contact: Christina Isaacson Phone: (918) 587-3504 Email: christina.isaacson@dloiltools.com NINE ENERGY: Gets Interim OK to Obtain $125 Million Financing ------------------------------------------------------------- Nine Energy Service, Inc. and its affiliated debtors received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas to obtain up to $125 million in postpetition financing to fund operations during the bankruptcy cases. The interim order, signed by Judge Christopher Lopez, authorized the Debtors to obtain superpriority senior senior secured DIP loans in an aggregate principal amount of up to $125 million. The Debtors have entered into a revolving credit facility in an aggregate principal amount of up to $125 million with a group of lenders syndicated by White Oak Commercial Finance, LLC, as administrative agent. The loans advanced under the DIP Facility provide, among other things, for the deemed refinancing in full of the Debtors' prepetition ABL facility. White Oak also serves as administrative agent for the Prepetition ABL Lenders. As of the petition date, the Prepetition ABL Lenders are owed (A) $66,850,159.07 in outstanding aggregate principal amount under the Prepetition ABL Facility plus $2.5 million in respect of the Prepetition ABL Credit Agreement Premium, and (B) $1,661,064.66 in maximum aggregate amounts available to be drawn under outstanding letters of credit. The Debtors also owe not less than $319.5 million on account of principal amounts outstanding under their 13.000% Senior Secured Notes due 2028. The Debtors are required under the DIP Facility no later than 11:59 p.m. (Eastern Time) on March 16, 2026, subject to Bankruptcy Court availability, to obtain final court approval of the DIP facility and confirmation of their prepackaged plan of reorganization; and for the effective date of the plan to occur no later than 11:59 p.m. (Eastern Time) on March 31, 2026. As protection, the DIP lenders will be granted valid, binding, enforceable, continuing, non-avoidable, and automatically and properly perfected security interests and liens on assets securing the DIP financing loans and an allowed superpriority administrative expense claim. The interim order also authorized the Debtors to use the cash collateral of pre-bankruptcy secured creditors. As adequate protection, pre-bankruptcy secured creditors will be granted replacement security interest in and lien on the applicable collateral securing the DIP loans, subject and subordinate to the fee carveout and DIP liens. They are also entitled to an allowed administrative expense claim, subject to the carveout and DIP superpriority claims. A final hearing on the DIP facility is set for March 4, 2026 at 12:00 p.m. (Central Time), and any objections to the final relief sought must be filed with the Court no later than February 25, 2026 at 4:00 p.m., (prevailing Central Time). The interim order is available at https://urlcurt.com/u?l=bp91Dm from PacerMonitor.com. Proposed co-counsel for the Debtors: Seth Sanders, Esq. Chad J. Husnick, Esq. Kirkland & Ellis LLP 333 West Wolf Point Plaza Chicago, IL 60654 E-mail: chad.husnick@kirkland.com seth.sanders@kirkland.com - and - Ross J. Fiedler, Esq. Kirkland & Ellis LLP 601 Lexington Avenue New York, NY 10022 E-mail: ross.fiedler@kirkland.com Proposed co-counsel to the Debtors: John J. Kane, Esq. Kyle Woodard, Esq JaKayla DaBera, Esq. Kane Russell Coleman Logan PC 901 Main Street, Suite 5200 Dallas, TX 75202 E-mail: jkane@krcl.com kwoodard@krcl.com jdabera@krcl.com - and - Michael P. Ridulfo, ESq. Kane Russell Coleman Logan PC Sage Plaza 5151 San Felipe, Suite 800 Houston, TX 77056 E-mail: mridulfo@krcl.com Counsel to the Prepetition ABL Agent and the DIP Agent: Roger G. Schwartz, Esq. Rafael Alvarado, Esq. Miguel Cadavid, Esq. Paul Hastings LLP 200 Park Avenue New York, NY 10166 E-mail: rogerschwartz@paulhastings.com rafaelalvarado@paulhastings.com miguelcadavid@paulhastings.com Counsel to the Ad Hoc Group: Evan R. Fleck, Esq. Matthew Brod, Esq. Abigail Debold, Esq. Milbank LLP 55 Hudson Yards New York, NY 10001 E-mail: efleck@milbank.com mbrod@milbank.com adebold@milbank.com About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward-leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. White Oak Commercial Finance, LLC, as DIP Agent, is advised by Paul Hastings LLP as legal counsel and Blake, Cassels & Graydon LLP, as Canadian counsel. NINE ENERGY: NYSE Commences Delisting Proceedings ------------------------------------------------- The New York Stock Exchange announced on February 02, 2026, that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Nine Energy Service, Inc. -- ticker symbol NINE -- from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company's February 2, 2026 disclosure that on February 1, 2026, the Company and certain of its subsidiaries filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas to implement a prepackaged chapter 11 plan of reorganization. In reaching its delisting determination, NYSE Regulation notes that the Company's common stock will be canceled as part of the prepackaged chapter 11 plan of reorganization. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision. About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward-leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. The ABL lender is advised by Paul Hastings LLP as legal counsel. NINE ENERGY: To Seek Plan Confirmation on March 4 ------------------------------------------------- Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas granted the motion of Nine Energy Service, Inc., and its affiliated debtors for entry of an order: (a) scheduling a combined disclosure statement and plan confirmation hearing; (b) establishing a plan voting deadline, opt-out deadline, and plan and disclosure statement objection deadline and related procedures; (c) approving the solicitation procedures; (d) approving the combined hearing Notice; (e) waiving the requirements for the U.S. Trustee to convene a meeting of creditors; (f) waiving the requirement for the Debtors to file (x) schedules and SOFAs and (y) Rule 2015.3 Financial Reports, and (g) granting related relief. The following Confirmation Schedule is approved (subject to modification as necessary): Initial Plan Supplement Deadline - February 23, 2026, at 4:00 p.m., prevailing Central Time Voting Deadline - March 2, 2026, at 11:59 p.m., prevailing Central Time Opt Out Deadline - March 2, 2026, at 11:59 p.m., prevailing Central Time Objection Deadline - March 2, 2026, at 11:59 p.m., prevailing Central Time Disclosure Statement Reply Deadline - March 3, 2026, at 4:00 p.m., prevailing Central Time Combined Hearing - March 4, 2026 at 12:00 p.m., prevailing Central Time Emergence / Effective Date - March 5, 2026, or as soon as practicable thereafter The Disclosure Statement (including all applicable exhibits thereto) provides Holders of Claims, Holders of Interests, and other parties in interest with sufficient notice of the injunction, exculpation, and release provisions contained in Article VIII of the Plan, in satisfaction of the requirements of Bankruptcy Rules 2002(c)(3) and 3016(b) and (c). As shared by the Troubled Company Reporter, Nine Energy Service, Inc., an onshore completion solutions provider, sought Chapter 11 protection after it said it has reached an agreement with its debtholders on a comprehensive recapitalization transaction designed to strengthen its capital structure and support the Company's long-term financial health. Nine Energy Service, Inc. and certain of its U.S. and Canadian subsidiaries have filed a voluntary, prepackaged chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas. The Company's operations outside the U.S. and Canada are not included in the filing. Nine said in a statement that through the restructuring transactions, it will eliminate approximately $320 million of senior secured notes, reducing its annual interest expense by roughly $40 million. The Company will continue operating as usual throughout the court's supervised process, delivering its full suite of innovative well solutions to customers without interruption. "Since our founding, we have consistently risen to meet the challenges of an ever-changing industry and support our oil and gas partners in North America and abroad. Today, we are taking an important strategic step to position the business for long-term success and ensure we have the appropriate capital structure to support us going forward," said Ann Fox, President and Chief Executive Officer, Nine Energy Service. "We are confident that entering into this agreement will enable us to stay focused on what matters most -- supplying the teams, the tools and the technology to ensure success for our customers, safely and efficiently. I would like to thank our Nine team for their resilience, tenacity and commitment and our customers and vendors for their ongoing partnership and support. We look forward to emerging from this process with a healthier financial foundation, well-positioned to offer comprehensive well solutions for many years to come." The Company began to solicit votes on its restructuring plan in advance of filing the chapter 11 petitions and expects to complete the process and emerge from chapter 11 within 45 days. Nine has received a commitment for $125 million in debtor-in-possession financing (the "DIP ABL Facility") from its existing ABL lender to support the business throughout the chapter 11 process. The existing ABL lender also committed to providing an exit ABL facility (the "Exit ABL Facility") of $135 million upon emergence from chapter 11. The Company has filed a number of customary motions with the Court to support ordinary course operations, enabling the Company to pay employees as usual and continue benefits without disruption. The Company has also filed an "all-trade" motion with the Court that will allow it to pay vendors for all goods and services that were provided in ordinary course of business before and after the chapter 11 filing. Nine expects to receive approval for these requests. A copy of the Court's Order dated February 3, 2026, is available at https://urlcurt.com/u?l=7k0WF7 from PacerMonitor.com. About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward-leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26-90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. White Oak Commercial Finance, LLC, as DIP Agent, is advised by Paul Hastings LLP as legal counsel and Blake, Cassels & Graydon LLP, as Canadian counsel. NORTH AMERICA: Gets Court Nod to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, entered a preliminary order authorizing North America Destinations, Inc. to use cash collateral through March 26. Under the order, the Debtor is authorized to use cash collateral for U.S. Trustee quarterly fees and court-approved payments; the operating expenses set forth in its budget (with up to a 10% variance per line item); and additional expenses subject to approval by creditors. The authorization remains in effect until March 26, subject to further court review. The Debtor projects total monthly operational expenses of $7,845. As adequate protection, secured creditors will be granted a post-petition replacement lien on cash collateral, with the same validity and priority as their pre-bankruptcy liens. As additional protection, the Debtor must also maintain insurance pursuant to loan and security agreements, comply with all debtor-in-possession duties, deposit revenues into DIP accounts, and account for all disbursements in monthly operating reports. Events of default that terminate the Debtor's authority to use cash collateral include dismissal or conversion of its Chapter 11 case to one under Chapter 7. The next hearing is set for March 26. The order is available at https://is.gd/jNpWhb from PacerMonitor.com. About North America Destinations Inc. North America Destinations, Inc. operates as a full-service tour operator and destination management company in Windermere, Florida, providing travel solutions including transportation with buses, vans, and SUVs, guided tours, and vacation packages. The company sells tickets and packages for major Florida attractions such as Disney parks, Universal Orlando, SeaWorld, Legoland, Kennedy Space Center, Busch Gardens, Medieval Times, Orlando Icon Park, Brightline, and Disney Cruises. It serves clients in the Orlando area and surrounding regions, focusing on both individual travelers and group tour operations. North America Destinations filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-00257) on January 15, 2026, with $18,869 in assets and $1,310,535 in liabilities. John Hulsewe, chief executive officer of North America Destinations, signed the petition. Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. NORTH AMERICAN: Unsecureds Will Get 4% of Claims over 5 Years ------------------------------------------------------------- North American Recycled Clothing, LLC, filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization dated January 26, 2026. The Debtor was formed on September 26, 2014 and operates a secondhand textile recycling business. The Debtor handles a range of products such as clothing, shoes, handbags, hard and soft toys and household items. The Debtor elected to file a chapter 11 reorganization as the best means to resolve the current liabilities of the company. Debtor's financial strain was caused by two acts of God. First, Hurricane Beryl tore the roof from Debtor's former warehouse. Before the roof could be repaired, the Derecho came through and caused further damage. Debtor's inventory was destroyed by the water. The Debtor filed this case on October 28, 2025. Debtor proposes to pay allowed unsecured based on the liquidation analysis and cash available. Debtor anticipates having enough business and cash available to fund the plan and pay the creditors pursuant to the proposed plan. It is anticipated that after confirmation, the Debtor will continue in business. Based upon the projections, the Debtor believes it can service the debt to the creditors. The Debtor will continue operating its business. The Debtor's Plan will break the existing claims into six classes of Claimants. These claimants will receive cash repayments over a period of time beginning on or after the Effective Date. Class 5 consists of Allowed Unsecured Claims. This Class is impaired. All allowed unsecured creditors shall receive a pro rata distribution at zero percent per annum over the next five years. Creditors shall receive monthly disbursements based on the projection distributions of each 12-month period with the first monthly payment due 30 days after the Effective Date. The Debtor will distribute $86,900.00 to the general allowed unsecured creditor pool over the five-year term of the plan, including the under-secured claim portions. The Debtor's General Allowed Unsecured Claimants will receive 4% of their allowed claims under this plan. Any potential rejection damage claims from executory contracts that are rejected in this Plan will be added to the Class 5 unsecured creditor pool and will be paid on a pro rata basis. The allowed unsecured claims total $2,167,933.23. Class 6 Critical Vendor Whitehouse and Schapiro LLC is owed $181,796.45 and per the terms of the order allowing the critical vendor, will receive 120 monthly payments at $1,514.97. Class 7 consists of Equity Interest Holders (Current Owners). The two members are White Bull Inc. and ZIAA, Inc. Each member owns 50% interest in the Debtor. Neither member will receive payments under the Plan; however, they will be allowed to retain membership in the Debtor. Class 7 Claimants are not impaired under the Plan. The Debtor anticipates the continued operations of the business to fund the Plan. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=YGNdJJ from PacerMonitor.com at no charge. Counsel to the Debtor: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Telephone: (713) 595-8200 Facsimile: (713) 595-8201 About North American Recycled Clothing North American Recycled Clothing, LLC, operates a secondhand textile recycling business. Formed on September 26, 2014, the company handles a variety of products including clothing, shoes, handbags, toys, and household items. It purchases used bulk clothing from thrift stores such as Goodwill and resells the bulk items to international buyers. North American Recycled Clothing filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas. Case No. 25-36394) on October 28, 2025. At the time of the filing, the Debtor reported up to $50,000 in assets and between $1 million and $10 million in liabilities. Judge Eduardo V. Rodriguez oversees the case. The Lane Law Firm, PLLC serves as the Debtor's bankruptcy counsel. NURIEL & GRACE: Case Summary & Five Unsecured Creditors ------------------------------------------------------- Debtor: Nuriel & Grace, Inc 2504 Redwood Rd Napa, CA 94558 Business Description: Nuriel & Grace, Inc operates a residential care facility in Napa, California, providing assisted living and daily care services for elderly residents. Chapter 11 Petition Date: January 31, 2026 Court: United States Bankruptcy Court Northern District of California Case No.: 26-10063 Judge: Hon. Charles Novack Debtor's Counsel: Lars Fuller, Esq. THE FULLER LAW FIRM PC 60 N Keeble Avenue San Jose, CA 95126 Tel: (418) 295-5595 E-mail: admin@fullerlawfirm.net Total Assets: $912,023 Total Liabilities: $1,418,391 The petition was signed by Gladys Martinez as CEO. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3BLQDBI/Nuriel__Grace_Inc__canbke-26-10063__0001.0.pdf?mcid=tGE4TAMA OAKTREE OCALA: Unsecureds Will Get 100% of Claims in Plan --------------------------------------------------------- Oaktree Ocala JV, LLC and ASAP Highline Ocala, LLC filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Joint Chapter 11 Plan dated January 26, 2026. ASAP owns and operates a mobile home/RV park known as Oaktree Village/Greentree Estates, located in Ocala, Florida. Oaktree, which is a holding company, is the sole member of ASAP. On March 22, 2022, ASAP purchased 46.79 acres of real property located in Ocala, Florida for $15 million. ASAP intended to develop and stabilize the Property, renovate the units, RV spaces and amenities over the following two years. Pursuant to a Loan Agreement dated November 17, 2022, between ASAP and CPIF, CPIF agreed to provide financing for both the purchase of the Property, as well as expected capital improvements ASAP intended to make to the Property. Pursuant to a Pledge Agreement dated November 17, 2022, Oaktree pledged its membership interest in ASAP as additional collateral for ASAP's repayment of the Loan. At closing, CPIF disbursed a total of $11,023,000. The remaining amount of the Loan was to be allocated to various reserves, including a $2.5 million interest reserve, and $4,360,000 for future loan advances. However, CPIF failed to fund certain future loan advances. On December 17, 2024, CPIF commenced a foreclosure action in the Circuit Court of the Fifth Judicial Circuit in Marion County, Fl. On March 10, 2025, ASAP filed its Answer and Affirmative Defenses. On June 19, 2025, ASAP filed its Counterclaim, on June 30, 2025, ASAP filed its Amended Counterclaim, and on July 25, 2025, ASAP filed its Second Amended Counterclaim for damages against CPIF. The Debtors commenced the Chapter 11 Cases to obtain a resolution of the disposition of the Property though either a sale or refinancing, without the interference of a premature sale of Oaktree's membership interest in ASAP, before allowing a court to resolve both CPIF's claims, and ASAP's defenses and counterclaims. Class 5 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment, each Holder of an Allowed General Unsecured Claim shall receive on account of such Claim payment in full, without interest, on the Effective Date or as soon thereafter as reasonably practicable (or if payment is not then due, shall be paid in accordance with its terms in the ordinary course). Class 5 is impaired by the Plan. The allowed unsecured claims total $23,000. This Class will receive a distribution of 100% of their allowed claims. Class 6 consists of Guarantor Unsecured Claim. Holders of the Unsecured Guarantor Claim will not receive any distribution or any other property under the Plan on account of such Claim, and such Claim shall be deemed satisfied in full in accordance with the treatment of CPIF's Allowed Secured Claim under the Plan. The Holders of the Unsecured Guaranty Claim against ASAP are Impaired under the Plan. Interests in Oaktree shall be discharged, cancelled, released, and extinguished as of the Effective Date, and will be of no further force or effect, and Holders of Interests in Oaktree will not receive any distribution on account of such Interests Holders of Interests in Oaktree are deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, Holders of Interests in Oaktree are not entitled to vote to accept or reject the Plan. Oaktree, which is the sole member of ASAP, shall retain its Interests in ASAP. The Holder of the Interest in ASAP is Unimpaired under the Plan. The Holder of the Interests in ASAP is deemed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, the Holder of the Interests in ASAP is not entitled to vote to accept or reject the Plan. The Reorganized Debtors shall fund distributions under the Plan with (a) Cash on hand and further Cash generated through operations; and (b) Cash provided by the Investors. The Investors will provide up to $3,000,000 in Cash to fund ASAP's initial $1,500,000.00 payment to CPIF on account of its Allowed Secured Claim, to pay Allowed Secured Tax Claims, to pay Allowed Professional Fee Claims, and to fund the Interest Reserve. Notwithstanding anything contained in the CPIF Loan Documents to the contrary, in exchange for such investment, the Investors will receive 100% of the Interests in the Reorganized Oaktree, pro rata with respect to each Investor's investment. A full-text copy of the Disclosure Statement dated January 26, 2026 is available at https://urlcurt.com/u?l=FDIRTW from PacerMonitor.com at no charge. The Debtors' Counsel: Kenneth M. Lewis, Esq. Paul M. Nussbau, Esq. WHITEFORD, TAYLOR & PRESTON L.L.P. 444 Madison Avenue, 4th Floor New York, NY 10022 Tel: (914) 761-8400 E-mail: klewis@whitefordlaw.com pnussbaum@whitefordlaw.com About Oaktree Ocala JV LLC Oaktree Ocala JV, LLC is a real estate lessor operating under NAICS code 5311. It is based in Suffern, N.Y., with apparent operations in Ocala, Florida. It operates as a joint venture in the real estate leasing sector. Oaktree Ocala JV and ASAP Highline Ocala, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-22701) on July 29, 2025. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Judge Sean H. Lane oversees the case. The Debtor is represented by Kenneth M. Lewis, Esq., at Paul M. Nussbau, Esq. OMS PROPERTIES: Seeks Chapter 11 Bankruptcy in Wisconsin -------------------------------------------------------- On February 1, 2026, OMS Properties LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Wisconsin. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About OMS Properties LLC OMS Properties LLC is a limited liability company. OMS Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 26-20527) on February 1, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. The Debtor is represented by Evan Schmit, Esq. of Kerkman & Dunn. PALM GREENS: Starts Chapter 11 Bankruptcy in Florida ---------------------------------------------------- Palm Greens at Villa Del Ray Recreation Condominium commenced a voluntary Chapter 11 bankruptcy case on January 28, 2026, in the Southern District of Florida. Court records show the Debtor reports total liabilities of $10 million to $50 million, owed to 1–49 creditors. About Palm Greens at Villa Del Ray Recreation Condominium Palm Greens at Villa Del Ray Recreation Condominium oversees recreational amenities and common property for a residential condominium community in Florida. The Debtor filed for protection under Chapter 11 of the U.S. Bankruptcy Code on January 28, 2026 (Bankr. Case No. 26-11060). The petition lists estimated assets and estimated liabilities each in the $10 million to $50 million range. The case is assigned to U.S. Bankruptcy Judge Erik P. Kimball. The Debtor is represented by Tate M. Russack, Esq. PARAMOUNT PROPERTIES: Taps Jose M Prieto Carballo Esq. as Counsel ----------------------------------------------------------------- Paramount Properties, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Nevada to hire Jose M Prieto Carballo, Esq, as its attorney. The firm will render these services: a. advise debtor with respect to its duties, powers and responsibilities in this case under the laws of the United States and Puerto Rico in which the debtor in possession conducts its operations, do business, or is involved in litigation; b. advise debtor in connection with a determination whether a reorganization is feasible and, if not, help debtor in the orderly liquidation of its assets; c. assist the debtor with respect to negotiations with creditors for the purpose of arranging the orderly liquidation of assets and/or for proposing a viable plan of reorganization; d. prepare on behalf of the debtor the necessary complaints, answers, orders, reports, memoranda of law and/or any other legal papers or documents; e. appear before the bankruptcy court, or any court in which debtors assert a claim interest or defense directly or indirectly related to this bankruptcy case; f. perform such other legal services for debtors as may be required in these proceedings or in connection with the operation of/and involvement with debtor's business, including but not limited to notarial services; and g. employ other professional services, if necessary. The firm will charge $200 per hour for the services render of Jose M Prieto Carballo, Esq, (Attorney), plus any costs and expenses. The firm received a retainer in the amount of $5,262, in addition to the filing fee of $1,738. As disclosed in the court filings, Jose M Prieto Carballo is a disinterested person within the meaning of 11 U.S.C. 101 (14). The firm can be reached through: Jose M Prieto Carballo, Esq. P.O. Box 363565 San Juan, P.R. 00936-3565 Tel: (787) 607-2066 Fax: (787) 200-8837 Email: jpc@jpclawpr.com About Paramount Properties, Inc. Paramount Properties, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 09-11106) on January 28, 2009, listing up to $50,000 in assets and $1,000,001 to $10,000,000 in liabilities. Jose M Prieto Carballo, Esq. serves as the Debtor's counsel. PRETIUM PACKAGING: Grappled w/ Mounting Debt Before Ch.11 Filing ---------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Pretium Packaging struggled with increasing debt and operational headwinds, prompting the company to seek Chapter 11 protection to restructure its obligations under judicial oversight. The Chapter 11 filing comes fewer than three years after the private equity-backed manufacturer completed a $200 million debt exchange aimed at strengthening its balance sheet. The bankruptcy illustrates that financial pressures remained unresolved following the 2023 restructuring. About Pretium Packaging LLC Pretium Packaging LLC is a Missouri-based packaging solutions company specializing in custom-designed labels and packaging products for retail, consumer goods, and industrial customers. The company provides a range of label technologies and services to support brand presentation, product traceability, and supply chain needs. Pretium Packaging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10896) on January 28, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. PRETIUM PACKAGING: In Chapter 11 With Deal With Lenders, Clearlake ------------------------------------------------------------------ Pretium Packaging, L.L.C., a full-service designer and producer of sustainable packaging solutions for specialized applications, sought Chapter 11 protection after reaching an agreement with its existing lenders and equity sponsor, Clearlake Capital Group, L.P., to initiate a pre-packaged restructuring transaction designed to strengthen its capital structure and support the long-term growth of the Company. The transaction is expected to reduce the Company's funded debt by more than $900 million, provide over $175 million of liquidity, and raise new debt and equity financing, including over $530 million of new near-term debt commitments from existing lenders and a $50 million new equity investment from Clearlake. "Over the past few years, Pretium has continued to make significant strides in strengthening the business through improvements in manufacturing excellence, product innovation, and sustainability, achieving significant growth despite industry-wide headwinds within packaging," said James Rooney, Chief Executive Officer of Pretium Packaging. "Under our new, significantly de-leveraged capital structure, we are creating more flexibility to invest in our products, our people, and our customers. We're committed to completing this process as a stronger organization ready to seize new opportunities, deliver exceptional value to our customers, and deepen our role as a trusted partner to the vendors who help us succeed." "Clearlake has been a committed partner to Pretium since 2020, and we've watched the business navigate an unprecedented set of macroeconomic challenges in the post-COVID economic environment with remarkable strength," said Clearlake's José E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Partner and Managing Director. "Our new investment into Pretium demonstrates our continued commitment to the business, and we will remain Pretium's leading equity partner including drawing on Clearlake's O.P.S.® capabilities to support Pretium's growth." Naveen Shahani, Principal at Clearlake, added, "The consensual nature of this transaction reflects the shared conviction among us and the Company's lenders that Pretium is well-positioned for continued success, and we have tremendous confidence in James and the management team's ability to capitalize on the significant opportunities ahead." As the recapitalization is implemented, Pretium will continue to operate in the ordinary course of business, providing best-in-class sustainable packaging solutions to its customers and fulfilling all vendor and supplier obligations in full for goods and services delivered both before and after the filing. The transaction already enjoys the support of approximately 90% of Pretium's secured lenders, including its ABL lender, Wells Fargo, and the Company continues to receive positive engagement from its remaining key stakeholders. The Company expects to complete the process in an expeditious manner. To implement the transaction, Pretium has filed pre-packaged Chapter 11 petitions in the United States Bankruptcy Court for the District of New Jersey. About Clearlake Clearlake Capital Group is a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies. Founded in 2006, the firm has more than $90 billion of assets under management and has led or co-led over 500 investments globally. With deep knowledge and operational expertise across the technology, industrials, and consumer sectors, Clearlake seeks to partner with experienced management teams, providing patient, long-term capital and aiming to drive value through its active hands-on operating approach, O.P.S.® (Operations, People, Strategy). Headquartered in Santa Monica, Clearlake maintains a global footprint with offices in Dallas, New York, London, Dublin, Luxembourg, Abu Dhabi, Tokyo, and Singapore. On the Web: http://www.Clearlake.com/ About Pretium Packaging Pretium specializes in innovation and automation of multiple rigid packaging technologies in a diverse set of end markets including food and specialty beverage, healthcare, health and wellness, personal care and beauty, and household and commercial products. The company's multi-use packaging solutions are based primarily on PET, HDPE, and polypropylene resin, with a wide array of options including up to 100% post-consumer recycled material content, making it a preferred choice for customers focused on sustainability. Pretium differentiates itself through responsiveness, breadth of product offerings, short changeover times, and a national footprint of 24 automated manufacturing facilities. More information is available at www.pretiumpkg.com. On Jan. 28, 2026, Pretium Packaging, L.L.C. and nine (9) affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. D.N.J. Lead Case No. Case No. 26-10896), listing $1 billion to $10 billion in assets and liabilities. The cases are pending before the Honorable Christine M. Gravelle. Pretium commenced the chapter 11 cases to implement a highly consensual deleveraging and recapitalization transaction in partnership with its primary equity sponsor and lenders holding 95 percent of the outstanding First Lien Tranche A-1 Term Loans and 95 percent of the outstanding Second Lien Term Loans through a prepackaged chapter 11 plan of reorganization. The proposed transactions are expected to reduce the Company's funded debt by approximately $900 million, raise new debt and equity financing, and ensure the Company is well capitalized at emergence, all while paying general unsecured creditors in full or reinstating their claims. Pretium is advised by Evercore as investment banker, Kirkland & Ellis as legal counsel and FTI Consulting as financial advisor. Evercore Group L.L.C. is the Debtors' investment banker. Cole Schotz P.C. is the local bankruptcy counsel. Stretto, Inc., is the claims agent. The ad hoc group of term loan lenders is advised by Moelis & Company LLC as exclusive financial advisor and investment banker and Milbank as legal counsel. Wells Fargo is advised by Morgan, Lewis & Bockius as legal counsel and Berkeley Research Group as financial advisor. PRIMETIME SHOPPING: Seeks Chapter 7 Bankruptcy in California ------------------------------------------------------------ edhat Santa Barbara reports that Primetime Shopping Network Inc., a jewelry retailer based in Los Angeles, filed for Chapter 7 bankruptcy on January 23, 2026. The petition was lodged in the U.S. Bankruptcy Court for the Central District of California's Los Angeles Division, formally commencing the liquidation case. Bankruptcy Judge Barry Russell has been assigned to oversee the matter. According to PACER, the debtor is represented by the law firm Weintraub, Zolkin, Talerico & Selth LLP. The company filed Form 201 applicable to non-individual entities and reported its principal business address as 6965 Trolleyway South, Playa Del Rey, California, located in Los Angeles County. About Primetime Shopping Network Inc. Primetime Shopping Network Inc. is a Los Angeles-based jewelry retailer. Primetime Shopping Network sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10646) on January 23, 2026. Honorable Bankruptcy Judge Barry Russell handles the case. PYRAMID HOUSE: Seeks to Hir eTax Advice Group, Inc. as Accountant ----------------------------------------------------------------- Pyramid House LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Chuka Okpalobi of Tax Advice Group, Inc. as accountant. Mr. Okpalobi will prepare the Debtor's 2022, 2023 and 2024 tax returns. Currently, Mr. Okpalobi is schedules to be paid $2,385 for his services. Mr. Okpalobi assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Chuka A. Okpalobi Tax Advice Group, Inc. 6305 Elysian Fields Avenue New Orleans, LA 70122 Tel: (504) 282-1481 About Pyramid House LLC Pyramid House LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-12813) on November 19, 2025, listing between $1 million and $10 million in assets and between $500,001 and $1 million in liabilities. Judge Meredith S. Grabill presides over the case. Edwin M. Shorty, Jr., Esq. represents the Debtor as legal counsel. REDDIRT ROAD: Seeks to Hire Bruner Wright PA as Special Counsel --------------------------------------------------------------- Reddirt Road Partners, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to hire Bruner Wright, P.A. as special counsel. The firm will pursue avoidance actions and other claims against non-debtor third parties on a contingency fee basis. Fees related to the pursuit of avoidance actions or other claims will be charged on a contingency fee basis at the rate of 33 percent of funds or assets collected on behalf of the estate whether by judgment, award, settlement, or the like following approval of this application. However, in the event that an adversary proceeding or other lawsuit is filed to recover money for the Debtor’s estate, the contingency fee will rise to 40 percent of funds or assets collected. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Wright III disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Byron Wright III, Esq. Bruner Wright, PA 2868 Remington Green Circle, Suite B Tallahassee, FL 32308 Telephone: (850) 385-0342 Facsimile: (850) 270-2441 Email: twright@brunerwright.com About Reddirt Road Partners Reddirt Road Partners, LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-50049) on March 12, 2025, listing between $500,001 and $1 million in both assets and liabilities. Judge Karen K. Specie oversees the case. The Debtor is represented by Byron Wright, III at Bruner Wright, P.A. REMAINCO DATA: Seeks Chapter 7 Bankruptcy w/ $194MM Debt -------------------------------------------------------- Emily Lever of Law360 reports that Premise Data, a marketing research and analytics company, has sought Chapter 7 relief in Delaware, reporting about $194 million in total liabilities in its voluntary petition. The filing indicates the company will liquidate under Chapter 7 after divesting the most valuable parts of its operations, with a trustee appointed to oversee the wind‑down process. The company's decision to liquidate suggests that a formal reorganization was not feasible, leaving Chapter 7 as the mechanism to wind down operations and satisfy creditor claims under the oversight of the U.S. Bankruptcy Court. Movants in the case now await scheduling of hearings and creditor meetings to advance the liquidation process, the report states. About RemainCo Data Holdings Corp. RemainCo Data Holdings Corp., doing business as Premise Data, is a global marketing research and analytics company offering survey-based consumer insights, real-time market intelligence, and geospatial data services. RemainCo Data Holdings Corp. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10105) on January 30, 2026. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Derek C. Abbott, Esq. and Luke Brzozowski, Esq. of Morris, Nichols, Arsht & Tunnell. RMKD LIQUORS: Hires RE/MAX Distinguished Homes as Business Broker ----------------------------------------------------------------- RMKD Liquors Inc., doing business as Columbia Wine Co., seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ RE/MAX Distinguished Homes & Properties as business broker. RE/MAX will act as the Debtor's exclusive business broker to market and sell the business assets. The Debtor agreed to pay RE/MAX a commission of 4 percent of the sale price. RE/MAX Distinguished Homes & Properties is a "disinterested person" as that term is defined in Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Camelia Pena-Rivera RE/MAX Distinguished Homes & Properties 273 Columbus Ave Tuckahoe, NY 10707 Phone: (914) 346-8255 About RMKD Liquors RMKD Liquors Inc. operates a retail liquor store in New York, offering a variety of alcoholic beverages including wine, vodka, whiskey, rum, tequila, and liqueurs. It also sells alcohol-related accessories such as bottle openers, wine bags, and wine keys, and occasionally stocks specialty items like cocktail mixers containing alcohol. RMKD Liquors sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10940) on May 7, 2025. In its petition, the Debtor reported total assets of $127,400 and total liabilities of $1,440,174. Judge David S. Jones handles the case. The Debtor is represented by Jeb Singer, Esq., at J. Singer Law Group, PLLC. RP CAPITAL: Long Beach Property Sale to Meaghan Ciotti OK'd ----------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of New York has permitted RP Capital Group, LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a limited liability company formed and existing under the laws of the state of New York. The Debtor has two members: (a) the Parker Hart Limited Partnership, managed by and through Cody Parker, holding a 51% percent interest in the Debtor; and Alan Richartz, Jr., holding a 49% percent interest in the Debtor. The Debtor's Property is located at 48 Oregon Street, Long Beach, New York 11561. The Court has authorized the Debtor to sell the Property to Meaghan Ciotti & Eileen Ciotti for the purchase price of $700,000. The Debtor is authorized to sell the Property free and clear of all liens, claims, encumbrances and other interests, including, but not limited to, the minority interest in the Debtor of Alan Richartz Jr. Cody Parker-Hellberg, acting on behalf of the Class A Member of the Debtor, is authorized to execute such documents and shall be necessary to convey title to the Real Property. The Debtor shall hold back the sum of not less than $35,000.00 from Parker Hart Limited Partnership, the mortgagee. The Debtor is authorized to pay all costs and expenses associated with the Contract, including all other amounts owed to PHLP pursuant to its mortgage against the Real Property at the closing of the sale of the Real Property. About RP Capital Group, LLC RP Capital Group LLC, classified as a Single Asset Real Estate entity under 11 U.S.C. Section 101(51B), owns a single-family home in Long Beach, New York, with an estimated value of $700,000. RP Capital Group sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 8-25-74769-ast) on December 11, 2025. At the time of the filing, the Debtor reported estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. Honorable Judge Alan S. Trust oversees the case. Macco & Corey, P.C. serves as the Debtor's legal counsel. SAILORMEN INC: Hires Stretto Inc as Claims and Noticing Agent ------------------------------------------------------------- Sailormen Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Stretto Inc. as claims, noticing, and balloting agent. Stretto will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtors provided Stretto an advance in the amount of $25,000. Sheryl Betance, a senior managing director at Stretto, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sheryl Betance Stretto, Inc. 410 Exchange Irvine, CA 92602 Telephone: (800) 634-7734 About Sailormen Inc. Sailormen Inc. is a leading franchisee of Popeyes Louisiana Kitchen restaurants. Sailormen Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10451) on January 15, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and $342 million in liabilities. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq. SANTA PAULA: Seeks to Sell Terra Bella Property via Auction ----------------------------------------------------------- Santa Paula Hay & Grain and Ranches seeks permission from the U.S. Bankruptcy Court for the Central District of California, Northern Division, to sell Property at Auction, free and clear of liens, claims, interests, and encumbrances. The Debtor wants to sell interests in the real property located at Terra Bella, CA 93270, Fairfield Farms Tr 4 Allt 30 (40 Acres of vacant land). The Debtor has determined that the best means for Debtor to obtain the most favorable recovery from the sale of the Property is for Debtor to conduct an auction of the Property, subject to open bidding with such auction scheduled to be conducted on February 24, 2026 at 1:00 p.m. (Pacific Time), at the hearing on the Motion to Sell. The Debtor is continuing to market the sale of the Property through a professional real estate broker and will seek approval of the party who makes the highest or otherwise best offer to purchase the Property as the successful bidder. The lienholders of the Property are Tulare County Tax Collector, the Buxman Group, Zions Bancorporation, N.A. dba Zions First National Bank, and Eastern Tule GSA. The Debtor seeks to sell the Property free and clear of all claims, liens, interests and encumbrances. About Santa Paula Hay & Grain and Ranches Santa Paula Hay & Grain and Ranches specializes in providing a variety of hay and grain products to meet the needs of farmers and animal owners. The Company offers high-quality feed options for livestock and pets. Santa Paula Hay & Grain and Ranches sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10314) on March 12, 2025. In its petition, the Debtor reports estimated assets between $100 million and $500 million and between $10 million and $50 million. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Reed Olmstead, Esq. SCHOLTEN CONSTRUCTION: Commences Chapter 7 Bankruptcy in Florida ---------------------------------------------------------------- On January 30, 2026, Scholten Construction, LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to between 1 and 49 creditors. About Scholten Construction, LLC Scholten Construction, LLC is a Florida-based construction firm offering general contracting and construction management services. The company undertakes residential and commercial projects, providing renovation and building solutions with a focus on quality and efficiency. Scholten Construction, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00242) on January 30, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities in the range of $100,001 to $1 million. The Debtor is represented by Gregory A. Champeau, Esq. of Champeau Law SHANNON WIND: Hires Kurtzman Carson as Claims and Noticing Agent ---------------------------------------------------------------- Shannon Wind LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Kurtzman Carson Consultants, LLC, doing business as Verita Global, as claims and noticing agent. Verita will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The firm received a retainer in the amount of $25,000. Verita agrees to submit its invoices to the Debtors monthly and they agree that the amount invoiced is due and payable upon the receipt of the invoice. Evan Gershbein, executive vice president at Verita Global, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Telephone: (310) 823-9000 About Shannon Wind, LLC Shannon Wind LLC develops and owns the Shannon Wind project, a utility-scale wind farm in Clay County, Texas, generating approximately 204 megawatts of electricity from wind turbines. The Company manages construction, commercial operations, and overall project oversight for the renewable energy facility. Shannon Wind, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90124) on January 25, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Jarrod B. Martin, Esq. of BRADLEY ARANT BOULT CUMMINGS LLP. The Debtor's financial advisor is ACCORDION PARTNERS, LLC, its investment banker is NOMURA SECURITIES INTERNATIONAL, INC., its valuator is KPMG LLP. The Debtor's notices, claims, solicitation and balloting agent and administrative advisor is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. SJ ASSET: Seeks Subchapter V Bankruptcy in Georgia -------------------------------------------------- On January 30, 2026, SJ Asset Holdings, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. About SJ Asset Holdings, LLC SJ Asset Holdings, LLC is an asset-holding company engaged in managing and overseeing investment assets. SJ Asset Holdings, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51273) on January 30, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Jeffery W. Cavender handles the case. SKYX PLATFORMS: Dov Shiff and Affiliates Report 11.8% Equity Stake ------------------------------------------------------------------ Dov Shiff, Shiff Group Investments Ltd., Shiff Group Assets Ltd., and DZDLUX s.a.r.l., disclosed in a Schedule 13D (Amendment No. 7) filed with the U.S. Securities and Exchange Commission that as of January 26, 2026, they beneficially own 15,483,237 shares of common stock -- including 1,547,952 shares with sole voting power (comprised of 1,507,952 directly or through spouse and 40,000 held by spouse), 45,000 shares issuable upon exercise of options within 60 days with sole dispositive power, and 13,890,285 shares with shared voting and dispositive power held by entities controlled by Mr. Shiff: Shiff Group Investments Ltd. (379,955 shares), DZDLUX s.a.r.l. (13,274,618 shares), and Shiff Group Assets Ltd. (235,712 shares) -- of SKYX Platforms Corp.'s common stock, no par value per share, representing 11.8% of the 131,515,108 shares outstanding as of January 26, 2026. Dov Shiff may be reached through: Dov Shiff SKYX Platforms Corp. 2855 W. McNab Road Pompano Beach, FL 33069 Tel: (855) 759-7584 A full-text copy of Dov Shiff's SEC report is available at: https://tinyurl.com/3tuyp6dc About SKYX Platforms Corp. Headquartered in Pompano Beach, Florida, SKYX Platforms Corp. develops advanced platform technologies focused on enhancing safety, quality, and ease of use in homes and buildings. With nearly 100 patents and pending applications, the Company's products are designed to improve safety and lifestyle in residential and commercial spaces. In 2023, Sky expanded by acquiring an online retailer specializing in home lighting, ceiling fans, and furnishings. The Company's technologies enable quick and safe installation of light fixtures and ceiling fans without the need to handle hazardous wires. In its report dated March 24, 2025, the Company's auditor, M&K CPAS, PLLC, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing the Company's accumulated deficit, negative cash flows from operations, and recurring net losses, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $58.4 million in total assets, $57.3 million in total liabilities, and $3.8 million in total stockholders' deficit. SKYX PLATFORMS: Rani Kohen Holds 8.7% Equity Stake -------------------------------------------------- Rani R. Kohen, disclosed in a Schedule 13D (Amendment No. 4) filed with the U.S. Securities and Exchange Commission that as of November 15, 2025, he beneficially owns 11,649,970 shares of common stock -- including 9,259,970 shares with sole voting power (comprised of 9,143,969 shares held by KRNB Holdings, LLC, of which Mr. Kohen is sole owner and manager, and 100,000 shares held by a family member) and 2,390,000 shares issuable upon exercise of stock options exercisable within 60 days with sole dispositive power -- of SKYX Platforms Corp.'s common stock, no par value per share, representing 8.7% of the shares outstanding. Rani R. Kohen may be reached through: Rani R. Kohen SKYX Platforms Corp. 2855 W. McNab Road Pompano Beach, FL 33069 Tel: (855) 759-7584 A full-text copy of Rani R. Kohen's SEC report is available at: https://tinyurl.com/46ekx4vx About SKYX Platforms Corp. Headquartered in Pompano Beach, Florida, SKYX Platforms Corp. develops advanced platform technologies focused on enhancing safety, quality, and ease of use in homes and buildings. With nearly 100 patents and pending applications, the Company's products are designed to improve safety and lifestyle in residential and commercial spaces. In 2023, Sky expanded by acquiring an online retailer specializing in home lighting, ceiling fans, and furnishings. The Company's technologies enable quick and safe installation of light fixtures and ceiling fans without the need to handle hazardous wires. In its report dated March 24, 2025, the Company's auditor, M&K CPAS, PLLC, issued a "going concern" qualification attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing the Company's accumulated deficit, negative cash flows from operations, and recurring net losses, which raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $58.4 million in total assets, $57.3 million in total liabilities, and $3.8 million in total stockholders' deficit. SONIM TECHNOLOGIES: Sells 5G Solutions Biz, Rebrands as DNA X Inc. ------------------------------------------------------------------ Sonim Technologies, Inc. disclosed in a regulatory filing that on January 23, 2026, it completed the previously announced sale of substantially all of its assets related to the enterprise 5G solutions business, including rugged handsets, smartphones, wireless internet device, software, services, and accessories -- to Pace Car Acquisition LLC, other than: (i) liabilities arising in connection with the Company's golden parachute compensation obligations, (ii) the Company's cash and cash equivalents, (iii) certain excluded contracts, as further describe in the Asset Purchase Agreement, and (iv) the Company's Indian subsidiary, pursuant to the terms of the Asset Purchase Agreement, dated July 17, 2025, by and among the Company, the Buyer, the Seller Representative named in the Asset Purchase Agreement, and Social Mobile Technology Holdings LLC for certain specified purposes. Following the receipt of the consideration for the sale of the assets conveyed in the Asset Sale (and after giving effect to the purchase price adjustments set forth in the Asset Purchase Agreement), the Company had approximately $6.2 million of Post-Closing Cash. The term "Post-Closing Cash" refers to: (i) the cash consideration for the Asset Sale plus (ii) the cash, cash equivalents, and marketable securities that were retained by the Company (and withheld from the Asset Sale) minus (iii) (A) transaction expenses paid by the Company at the closing and (B) the payment of approximately $5.4 million of indebtedness. The Company changed its name to DNA X, Inc. in connection with the Asset Sale, pursuant to a certificate of amendment to the Company's amended and restated certificate of incorporation filed with the Delaware Secretary of State on January 23, 2026. The board of directors of the Company approved the Name Change pursuant to Section 242 of the General Corporation Law of the State of Delaware. Pursuant to the DGCL, a stockholder vote was not necessary to effectuate the Name Change, and the Name Change does not affect the rights of the Company's stockholders. A full text of the Charter Amendment is available at https://tinyurl.com/877967dr Following the closing, the Company intends to focus on the development and commercialization of an on-chain trading protocol designed to enable users to automate certain decentralized exchange trading strategies. The Company expects to change its trading symbol to DNAX in the near future. Second Amendment to the Asset Purchase Agreement: On the Closing Date, the Company, the Buyer, the Parent, and the Seller Representative entered into a second amendment to the Asset Purchase Agreement. The APA Amendment modifies certain provisions of the Asset Purchase Agreement, including: * replacing the escrow arrangement contemplated by the Asset Purchase Agreement with a $1.5 million holdback amount to be retained by the Buyer at the closing as a source of recovery for (i) any post-closing purchase price adjustment shortfall and (ii) certain indemnification obligations under the Asset Purchase Agreement; * providing that, if any purchase price adjustment shortfall exceeds the remaining balance of the holdback amount, the Company will be obligated to pay the excess amount to the Buyer; and * providing that, on or prior to the third business day following the date that is nine (9) months after the Closing Date (subject to the Buyer's right to retain amounts in respect of unresolved claims), the Buyer will release the remaining holdback amount to the seller representative (on behalf of, and for further distribution to, the Company), which nine-month period replaces the twelve-month general escrow period in the Asset Purchase Agreement prior to the APA Amendment. The APA Amendment also: (i) updates certain indemnification provisions to reflect the holdback structure and (ii) adds a covenant requiring the Company to obtain specified consents to the assignment of certain contracts within sixty (60) days following the Closing Date. A full text of the APA Amendment is available at https://tinyurl.com/yc2k4umc Termination Of Notes and Ancillary Purchase Agreements: On the Closing Date, the Company prepaid: (i) the promissory note, dated July 11, 2025, issued by the Company to Streeterville Capital, LLC, pursuant to that certain note purchase agreement, dated July 11, 2025, by and between the Company and the Lender and (ii) that certain promissory note, dated February 21, 2025, issued by the Company to the Lender, pursuant to the note purchase agreement, dated February 21, 2025, by and between the Company and the Lender. The Notes each carried a maturity date that was 18 months from the applicable effective date. Prepayment of each Note required that the Company pay 110% of the then-outstanding balance of each Note. The Company paid, in the aggregate, approximately $5.4 million to prepay the Notes on the Closing Date. Accordingly, the Notes and ancillary purchase agreements have been terminated as of the Closing Date. Compliance with the Equity Rule: As previously disclosed on the Company's Current Report on Form 8-K filed with the SEC on August 27, 2025, on August 22, 2025, The Nasdaq Stock Market LLC notified the Company that it did not comply with the minimum $2.5 million stockholders' equity requirement for continued listing set forth in Nasdaq Listing Rule 5550(b). Subsequently, Nasdaq provided the Company extensions until January 31, 2026, to regain compliance with the Equity Rule. As a result of the consummation of the Asset Sale, as of January 27, 2026, the Company believes it has regained compliance with the Equity Rule. The Company can provide no assurance that Nasdaq will concur with the Company's conclusion regarding compliance. Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, it may be subject to delisting. About Sonim Technologies Sonim Technologies, Inc. was incorporated in the state of Delaware on August 5, 1999, and is headquartered in San Diego, California. The Company offers a robust portfolio that includes rugged handsets, smartphones, wireless internet devices, software, services, and accessories. These products are engineered to deliver reliable communication in challenging and unpredictable environments, serving sectors such as critical communications, first responders, government, industrial, construction, hospitality, and logistics. The Company distributes its products primarily through major wireless carriers. As of September 30, 2025, the Company had $40.2 million in total assets, $40.9 million in total liabilities, and $701,000 in total stockholders' deficit. According to the Company's Report on Form 10-Q for the quarterly period ended September 30, 2025, the uncertainty regarding the Asset Purchase Agreement and the ability of the Company to implement strategic alternatives after the closing of the Asset Purchase Agreement creates uncertainty regarding the Company's ability to forecast beyond the asset sale date. Accordingly, there is substantial doubt about the Company's ability to continue as a going concern within the next 12 months. SONOMA PHARMACEUTICALS: Vanessa Jacoby Named Audit Committee Chair ------------------------------------------------------------------ Sonoma Pharmaceuticals, Inc. disclosed in a regulatory filing that effective January 28, 2026, Dr. Jay Birnbaum retired from the Board of Directors. Dr. Birnbaum has served on the Board since April 2007. Sonoma is grateful for his many years of services and the valuable knowledge he has provided to the Company. Dr. Birnbaum will continue to serve the Company pursuant to a consulting agreement, for a term of one year. Dr. Birnbaum will receive compensation of 5,000 Restricted Stock Units (RSUs) representing 5,000 shares of the Company's Common Stock per quarter. Such RSUs will vest on the second business day after Sonoma files its Annual Report on Form 10-K for the year ended March 31, 2027, or upon change of control. Any outstanding equity awards held by Dr. Birnbaum will continue to vest in accordance with their terms, subject to Dr. Birnbaum's continued compliance with the terms of the Consulting Agreement through each applicable vesting date. A full text copy of the Consulting Agreement is available at https://tinyurl.com/yc37wzs5 Appointment of Director Following Dr. Birnbaum's resignation, the Board appointed Ms. Vanessa Jacoby to replace Dr. Birnbaum as an independent director. Ms. Jacoby was also appointed as Chairperson of the Audit Committee and as a non-chairperson member of the Compensation Committee. "We look forward to working with Ms. Jacoby, who brings extensive experience in the biotechnology and life science sectors, having served as a senior financial executive of several private and public companies and has been an active participant on audit committees, responsible for reporting financial results, cyber security matters, Sarbanes Oxley internal controls and other matters, as well as on compensation committees." Ms. Jacoby currently serves as the Chief Business and Financial Officer for Quanta Therapeutics, Inc., a clinical stage biotechnology company focused on developing best-in-class small molecules inhibitors for RAS-driven cancers. Prior to joining Quanta, Ms. Jacoby served as Chief Financial Officer of Shoreline Biosciences. Prior to joining Shoreline, Ms. Jacoby served as Chief Accounting Officer of Avidity Biosciences, Inc. Prior to Avidity, Ms. Jacoby was Vice President, Finance at PharmAkea, which was acquired by Galecto in 2019. Prior to that, she served as Director of Accounting and Controller at BCI, Inc., and held senior financial roles at Artes Medical and Verenium Corporation. Before joining industry, Ms. Jacoby was an auditor for Ernst & Young. Ms. Jacoby received her M.B.A. from National University and B.S. degree in Business Administration from Fundação Armando Alvares Penteado, Sao Paulo, Brazil. She is a Certified Public Accountant with the State of California (inactive). She currently serves on the board of trustees for the Ruben H. Fleet Science Center in San Diego and is on the board for the Association of Bioscience Financial Officers (ABFO) Southwest chapter. Amendment to Director Compensation Plan On January 28, 2026, the Board of Directors adopted a revised Non-Employee Director Compensation Program and Stock Ownership Guidelines in order to allow discretion to the Board in the number of options to be granted to each non-employee director in connection with the Company's annual grant of stock options, and in the form and amount of the initial equity grant to new directors. A copy of the Director Compensation Plan is available at https://tinyurl.com/282zus46 Pursuant to the Non-Employee Director Compensation Plan, as a non-employee director of the Company, Ms. Jacoby will receive an annual retainer of $32,500. She will also receive an additional $10,000 annually as Chair of the Audit Committee and $7,500 as a non-chairperson member of the Compensation Committee. The Company will also reimburse Ms. Jacoby for reasonable expenses in connection with attendance at board and committee meetings. In conjunction with her appointment to the Board, on January 28, 2026, Ms. Jacoby was automatically granted options to purchase up to 10,000 shares of common stock. The options will vest in three equal installments over a period of three years on the first, second, and third anniversary of the grant or upon change of control. There are no arrangements or understandings between Ms. Jacoby and any other persons pursuant to which he was appointed to serve on the Board, nor were there any transactions or proposed transactions involving Ms. Jacoby as a participant as required to be disclosed by Item 404(a) of Regulation S-K. Indemnification and Director Agreement In connection with her appointment as a director of the Board, the Company also entered into an indemnification agreement and a director agreement with Ms. Jacoby. The indemnification agreement sets forth the circumstances and procedures pursuant to which we agree, by contract, to indemnify our directors and certain of our officers against claims and losses arising from their services as directors and officers. The agreement is substantially identical to the form of indemnification agreement filed as Exhibit 10.1 to our Registration Statement on Form S-1 (File No. 333-135584), as amended, declared effective on January 24, 2007. The director agreement sets forth the general duties of a director, including terms regarding confidentiality and competing activities. The agreement is substantially identical to the form of the director agreement filed as Exhibit 10.20 to our Registration Statement on Form S-1 (File No. 333-135584), as amended, declared effective on January 24, 2007. About Sonoma Pharmaceuticals Sonoma Pharmaceuticals, Inc. (NASDAQ: SNOA) -- http://www.sonomapharma.com-- is a global healthcare company developing and producing stabilized hypochlorous acid, or HOCL, products for a wide range of applications, including wound care, eye care, oral care, dermatological conditions, podiatry, animal health care, and non-toxic disinfectants. The Company's products reduce infections, itch, pain, scarring, and harmful inflammatory responses in a safe and effective manner. In-vitro and clinical studies of HOCl show it to safely manage skin abrasions, lacerations, minor irritations, cuts, and intact skin. The Company sells its products either directly or via partners in 55 countries worldwide. Henderson, Nev.-based Frazier & Deeter, LLC, the Company's auditor since 2021, issued a 'going concern' qualification in its report dated June 17, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025, citing that the Company has incurred significant losses and negative operating cash flows and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $13.86 million in total assets, $10,07 million in total liabilities, and $3.79 million in total stockholders' equity. SOUTH TOWN BY 4M: Seeks Chapter 11 Bankruptcy in Michigan --------------------------------------------------------- On January 27, 2026, South Town By 4M LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Michigan. According to court filings, the Debtor reports between $10MM and $50MM in debt owed to 1 to 49 creditors. About South Town By 4M LLC South Town By 4M LLC is a limited liability company. South Town By 4M LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40805) on January 27, 2026. In its petition, the Debtor reports estimated assets ranging from $50MM to $100MM and estimated liabilities between $10MM and $50MM. Honorable Bankruptcy Judge Lisa S. Gretchko handles the case. The Debtor is represented by Kimberly Ross Clayson, Esq. of Taft Stettinius & Hollister, LLP. SPECTRUM LIGHTING: July 13 Governmental Claims Bar Date ------------------------------------------------------- On January 13, 2026, Spectrum Lighting Maintenance, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 50 to 99 creditors. Governmental units must submit proofs of claim by July 13, 2026. About Spectrum Lighting Maintenance, Inc. Spectrum Lighting Maintenance provides commercial lighting, electrical contracting, and sign services, including installation, maintenance, upgrades, and retrofit work for interior, exterior, and parking lot systems. The Company performs electrical services, from repairs to new construction, and offers sign design, fabrication, and maintenance, operating primarily throughout Colorado with its base in Colorado Springs. Spectrum Lighting Maintenance, Inc. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-10196) on January 13, 2026. At the time of the filing, the Debtor had estimated assets of between $500,001 and $1 million and liabilities of between $1,000,001 and $10 million. The presiding judge is for this case is Thomas B. Mcnamara. Kutner Brinen Dickey Riley, P.C. is the Debtor's legal counsel. STM CONSTRUCTION: Claims to be Paid from Disposable Income ---------------------------------------------------------- STM Construction, LLC, filed with the U.S. Bankruptcy Court for the Eastern District of Texas a Plan of Reorganization dated January 26, 2026. Founded in 2016, the Debtor is a family owned and operated general contractor that specializes in new construction, repairs/restorations, build outs, and project rescues of commercial and residential types. The post-confirmation management shall remain with the Debtor's owners, Eugene Kick and Ermalinda Kick. It is anticipated that after confirmation, the Debtor will continue in business. Based upon the projections of gross income, expenses and operating income for the next three years (the "Projections"), the Debtor believes it can service the debt to creditors. In summary, the Plan provides for the Debtor to restructure its debts by reducing its monthly payments to the amount of the Debtor's Disposable Income. The Debtor believes that the Plan will ensure Holders of Allowed Claims will receive greater distributions under the Plan than they would if the Debtor's Chapter 11 Case was converted to Chapter 7 and the Debtor's Assets liquidated by a Chapter 7 Trustee. Class 5 consists of Allowed General Unsecured Claims. The Debtor shall make twenty-five consecutive monthly payments commencing thirty days after the Effective Date in the amount of $800.00 followed by eleven consecutive monthly payments in the amount of $5,801.85, which constitutes the Debtor's Disposable Income identified on the Debtor's Projections. The Holders of Allowed Unsecured Claims shall receive their pro rata share of the monthly payment. Holders of General Unsecured Claims are impaired. The allowed unsecured claims total $2,553,509.46. Class 6 consists of Allowed Equity Interest in the Debtor. Pursuant to this Plan, the Equity Interest of the Debtor shall remain vested with the Debtor's owners, Eugene Kick and Ermalinda Kick. The Holder of Allowed Equity Interest is deemed to have accepted the Plan and is not entitled to vote on the Plan. From and after the Effective Date, the Debtor will continue to exist as a Reorganized Debtor. By reducing the Debtor's monthly obligations to creditors to the Reorganized Debtor's Disposable Income, the Reorganized Debtor will have sufficient cash to maintain operations and will allow the Reorganized Debtor to successfully operate following the Effective Date of the Plan. During the period from the Confirmation Date through and until the Effective Date, the Debtor shall continue to operate its business as a debtor-in-possession, subject to the oversight of the Bankruptcy Court as provided in the Bankruptcy Code, the Bankruptcy Rules, and all orders of the Bankruptcy Court that are then in full force and effect. In addition, the Debtor may take all actions as may be necessary or appropriate to implement the terms and conditions of the Plan. Upon Confirmation of the Plan, all actions required of the Debtor to effectuate the Plan shall be deemed authorized and approved in all respects. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=iKZkIX from PacerMonitor.com at no charge. Counsel to the Debtor: Brandon J. Tittle, Esq. TITTLE LAW FIRM, PLLC 13155 Noel Drive, Suite 900 Dallas, Texas 75240 Telephone: 972.213.2316 E-mail: btittle@tittlelawpllc.com About STM Construction LLC STM Construction LLC provides general contracting services, including new construction, repairs, restorations, and build-outs, for commercial and residential projects. STM Construction LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-4323) on October 28, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Brandon John Tittle, Esq. of Tittle Law Firm, PLLC. STRATEGIC ENVIRONMENTAL: Recurring Losses Raise Going Concern Doubt ------------------------------------------------------------------- Strategic Environmental & Energy Resources, Inc. submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended September 30, 2025. The Company experienced recurring losses and has an accumulated deficit of approximately $37.7 million as of September 30, 2025. For the three months ended September 30, 2025, the Company reported a net loss of $455,500, compared to a net loss of $461,900 for the same period in 2024. For the nine months ended September 30, 2025, the Company incurred a net loss of $1.48 million compared to a net loss of $1.49 million for the same period in 2024. As of September 30, 2025, the Company's current liabilities exceeded our current assets by approximately $14.5 million. These factors raise substantial doubt about the ability of the Company to continue to operate as a going concern. As of September 30, 2025, the Company had $1.3 million in total assets, $17.5 million in total liabilities, and $16.2 million in total deficit. Realization of a major portion of the Company's assets as of September 30, 2025, is dependent upon continued operations. The Company is dependent on generating additional revenue or obtaining adequate capital to fund operating losses until it becomes profitable. For the nine months ended September 30, 2025, the Company raised approximately $0.6 million from the issuance of short-term and long-term debt, offset by payments of principal on short term notes of $0.5 million, for a net cash used by financing activities of approximately $0.1 million. In addition, the Company has undertaken a number of specific steps to continue to operate as a going concern. The Company continues to focus on developing organic growth in its operating companies and improving gross and net margins through increased attention to pricing, aggressive cost management and overhead reductions. Critical to achieving profitability will be the ability to license and or sell, permit and operate through the Company's joint ventures. The Company has increased business development efforts to address opportunities identified in expanding markets attributable to increased interest in energy conservation and emission control regulations. In addition, the Company is evaluating various forms of financing which may be available to it. There can be no assurance that the Company will secure additional financing for working capital, increase revenues and achieve the desired result of net income and positive cash flow from operations in future years. A full-text copy of the Company's Form 10-Q is available at: https://tinyurl.com/ysyb25up About Strategic Environmental Broomfield, Colo.-based Strategic Environmental & Energy Resources, Inc., a Nevada corporation, is a provider of next-generation clean-technologies, waste management innovations and related services. SEER has two wholly owned operating subsidiaries and three majority-owned subsidiaries; all of which together provide technology solutions and services to companies primarily in the oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries. The two wholly owned subsidiaries are: 1) MV, LLC (d/b/a MV Technologies), which designs and builds biogas conditioning solutions for the production of renewable natural gas, odor control systems and natural gas vapor capture primarily for landfill operations, waste-water treatment facilities, oil and gas fields, refineries, municipalities and food, beverage & agriculture operations throughout the U.S.; and 2) Strategic Environmental Materials, LLC, a materials technology company previously focused on the development of cost-effective chemical absorbents. Deer Park, Ill.-based LJ Soldinger Associates, LLC, the Company's auditor since 2013, issued a "going concern" qualification in its report dated June 6, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has: (i) incurred significant losses since inception, (ii) has an accumulated deficit of approximately $36.2 million as of December 31, 2024 and (iii) needs to raise substantial amounts of additional funds to meet its obligations as well as afford it time to develop profitable operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. SUCCESS VILLAGE: Receiver Knott Pursues $6MM in State Financing --------------------------------------------------------------- Rihem Akkouche og USA Herald reports that the receiver overseeing Success Village Apartments is pursuing court approval for a $6 million loan from the State of Connecticut, calling the financing critical to addressing deep financial problems at the 924-unit cooperative. Receiver Barry Knott informed the Bridgeport Superior Court that the state’s Department of Housing has green-lighted the loan under its Housing Receivership Revolving Fund. The proposed financing features a 0.5% interest rate and delays the first payment until more than a year after closing. In his motion, Knott said the cooperative’s liabilities require a long-term repayment structure, seeking authority to pledge the property’s full faith and credit for up to two decades. Knott took over management in September 2024 following legal disputes and allegations involving the former board. About Success Village Apartments Success Village Apartments Inc. -- https://www.svanow.com/ -- is an apartment complex in Bridgeport, Connecticut. It sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Conn. Case No. 24-50624) on Sept. 6, 2024 , citing unpaid taxes, utility arrears, and other mounting liabilities. The filing came as litigation and allegations of board mismanagement surfaced, leaving the property unable to meet its basic financial obligations. A federal judge dismissed the bankruptcy, calling it a bad-faith filing and pointing to serious health-and-safety risks. The court concluded that the cooperative's financial crisis required direct oversight rather than federal bankruptcy protections, paving the way for a state receivership. Connecticut Superior Court subsequently appointed Barry Knott as the receiver in September 2024. SUPERIOR INDUSTRIES: Liquidity Issues Raise Going Concern Doubt --------------------------------------------------------------- Superior Industries International, Inc. submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended September 30, 2025. The report contains a going-concern qualification, noting that the Company's current cash and liquidity projection raise substantial doubt regarding the Company's ability to continue as a going concern. During the second quarter of 2025, certain of the Company's customers in North America began to resource to other suppliers substantially all outstanding purchase orders and not issue any additional purchase orders to the Company thereafter. Prior to these resourcing actions, the Company estimated these customers to represent approximately 33% of its projected consolidated net sales for the 2025 fiscal year. These customers represented approximately 40% of the Company's consolidated net sales for the year ended December 31, 2024, and approximately 36% of the Company's consolidated net sales for the year ended December 31, 2023. Net loss for the third quarter of 2025 was $85.0 million compared to a net loss of $24.8 million for the same period in 2024. Net loss for the nine months of 2025 was $279.0 million compared to a net loss of $68.6 million for the same period in 2024. During the nine months ended September 30, 2025, the Company borrowed $42.5 million on its revolving credit facility, as its actions significantly affected the Company's ability to generate cash from operating activities or from the sale of trade receivables. In addition, as of September 30, 2025, the Company was in violation of its financial covenants under the Senior Secured Credit Facilities. On December 8, 2025 the Company completed the previously announced Merger with Parent, and Merger Sub pursuant to the Merger Agreement, and entered into amendments to its Senior Secured Credit Facilities. The Third Amendment to the Company's Senior Secured Credit Facilities entered into on December 8, 2025, removed certain financial covenants under the Term Loan Facility and waived the financial covenants under the Revolving Credit Facility through June 30, 2026. In addition, the Revolving Credit Facility was amended to mature on June 30, 2026. The Senior Secured Credit Facilities now also contain a monthly minimum liquidity threshold of not less than $10 million as of the last business day of each month. While the Company has completed the previously announced Merger, it does not expect that it will have the cash and cash equivalents or sufficient liquidity to meet its financial obligations and comply with its minimum liquidity covenant over the next 12 months from the issuance date of these unaudited condensed consolidated financial statements. Management efforts: To address these conditions, management plans to obtain additional sources of funding or amend the applicable provisions in its credit agreements. However, such plans are not solely in the Company's control and therefore cannot be considered probable of occurring. Therefore, these adverse conditions and events raise substantial doubt about the Company's ability to continue as a going concern as of the issuance date. A full text copy of the Company's Quarterly Report is available at: https://tinyurl.com/3ys2dmk4 About Superior Industries Intl. Superior Industries International, Inc. (SSUP) designs and manufactures aluminum wheels for automotive original equipment manufacturers in North America and Europe and to the aftermarket in Europe. The company is one of the world's largest suppliers of cast aluminum wheels. As of September 30, 2025, the Company reported total assets of $592 million, total liabilities of $803.9 million, total mezzanine equity of $336.3 million, and total stockholders' deficit of $548.3 million. T&T FOODS: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------- On January 30, 2026, T&T Foods LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $0 and $100,000 in debt owed to between 1 and 49 creditors. About T&T Foods LLC T&T Foods LLC is a Florida-based limited liability. The company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11243) on January 30, 2026. In its petition, the debtor reported estimated assets between $0 and $100,000 and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge Scott M. Grossman handles the case. The debtor is represented by Mark S. Roher, Esq., of Law Office of Mark S. Roher, P.A. TOMPKINS SQUARE: Unsecured Creditors to be Paid in Full in Plan --------------------------------------------------------------- Tompkins Square Distributors, Inc., filed with the U.S. Bankruptcy Court for the Southern District of New York a Plan of Reorganization under Subchapter V dated January 26, 2026. The Debtor is the second oldest Pepsi distributor in New York having been founded in 1934 by Herbert Joseph Hagemann who purchased a distribution business from Pepsi Cola Company and began operating in New York City. Since its emergence from bankruptcy in 2022, TSD has substantially restructured its business. The routes it formerly operated in in mid-town Manhattan have been sold to Pepsi-Cola Bottling of NY ("Pepsi New York"). Routes in FiDi were purchased in November, 2022 and October, 2023, respectively. These transactions were undertaken through 2 Secured Purchase Money Term Notes between Pepsi New York and TSD (collectively, the "Purchase Money Notes"). However, this period has not been without challenges. Congestion Pricing has placed a burden on the Company. Increasing insurance premiums, which have nearly doubled in the 3 months leading up to the commencement of this case have placed a severe strain on TSD. Accordingly, TSD determined given its limited resources, increased operating expenses, potential cost of defense and the risk posed by the threat of an ever increasing pool of meritless claims, filing this chapter 11 proceeding in order to centralize the claims and address them in a single forum and thereby reorganize its businesses and assure its ability to pay back its debts including obligations owed to the SBA, Pepsi New York and other creditors presented the best available alternative. The Plan provides for the reorganization of the Debtor and distributions to creditors. While Filed Claims and Allowed Claims listed on Tompkins Square’s Schedules (in which proofs of claim were not Filed) total approximately $476,643, the Debtor estimates that Allowed Unsecured Claims will total approximately $147,801. As reflected in the projections for the period beginning April 1, 2026, the Debtor proposes to make monthly payments first, to Holders of Allowed Administrative Claims and Priority Tax Claims, and then, to General Unsecured Claims out of operations. If Allowed Unsecured Claims total approximately $147,801, Holders of Allowed Unsecured Claims against Tompkins Square are projected to recover approximately 100% percent. However, such recoveries may decrease if Allowed Claims are more than currently projected. Mr. Herbert Hagemann, Mr. Donald Hagemann or TBI will lend funds to the Debtor, on a secured basis, to enable them to pay Allowed Administrative Expense Claims and Secured Claims, to the extent there is insufficient Cash generated by the Debtor's operations. Absent the Plan, the Debtor believes Tompkin Square's unsecured creditors would receive no recovery on their Claims. As reflected in the Tompkin Square liquidation analysis, creditors of Tompkin Square would receive no recovery on their Claims. Class 3 consists of all General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment, in full and final satisfaction, compromise, settlement, release, and discharge of and in exchange for each such Claim, each Holder of an Allowed General Unsecured Claim against Tompkins Square (Class 3) shall be paid in full. Holders of Class 3 Claims against Tompkins Square (Class 3) are deemed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code. Therefore, Holders of Class 3 Claims against Tompkins Square are not entitled to vote to accept or reject the Plan. This Class is unimpaired. Class 5 consists of all Interests. On the Effective Date, each holder of an Allowed Interest shall retain its ownership interest in the respective Debtor to the extent of such interest prior to the Petition Date (i.e., Herbert Hagemann will own 51% and Donald Hagemann will own 49% of Tompkins Square). Holders of Interests are deemed to have accepted the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, Holders of Interests are not entitled to vote to accept or reject the Plan. The Reorganized Debtor shall fund distributions under the Plan with (a) Cash on hand and further Cash generated through operations; and (B) loans from Mr. Herbert Hagemann or Donald Hagemann in an amount up to $100,000 to enable it to satisfy Professional Fee Claims and other costs and expenses. The loans will be secured by Tompkin's Square property, interest, with a lien subordinate to currently existing liens, and will be repaid Pro Rata with distributions to other Administrative and Priority Creditors. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=Bhr2qs from PacerMonitor.com at no charge. Counsel to the Debtor: Jack J. Rose, Esq. Law Offices of Jack J. Rose PLLC 2001 Palmer Ave., Suite 104 Larchmont, NY 10538 Telephone: (212) 655-3066 Email: jrose@jrlpllc.com About Tompkins Square Distributors Inc. Tompkins Square Distributors, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12356) on Oct. 26, 2025, listing between $100,001 and $500,000 in assets and between $500,001 and $1 million in liabilities. Judge Michael E. Wiles presides over the case. Jack Rose, Esq., at the Law Offices of Jack J. Rose, is the Debtor's counsel. TRICOLOR AUTO: Judge Postpones Vervent Loan Work Fees Ruling ------------------------------------------------------------ Alex Wittenberg of Law360 reports that In Tricolor Holdings' Chapter 11 proceedings, a Texas bankruptcy judge on Monday declined to immediately decide whether Vervent, the loan servicer that located thousands of vehicles and other collateral pledged against the debtor’s obligations, should be compensated for that work. The judge said more legal and factual detail is necessary before a fee award can be determined. The contentious issue reflects broader disputes among creditors and servicers in the case about what services should be reimbursed from the bankruptcy estate. With the ruling put off, the parties are expected to submit further filings to clarify the basis for and value of Vervent’s work before the judge takes up the matter again, according to report. About Tricolor Auto Acceptance Tricolor Auto Acceptance is an Irving, Texas-based subprime auto lender. Tricolor Auto Acceptance, together with its parent Tricolor Auto Group and other affilites sought relief under Chapter 7 of the U.S. Bankruptcy Code(Bankr. N.D. Tex. Case No. 25-33497) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Debtor is represented by Thomas Robert Califano, Esq. at Sidley Austin LLP. TRUCK & TRAILER: Court OKs Trailer Sale to Interstate 365 --------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois has permitted Truck & Trailer Leasing Avenue LLC to sell trailers, free and clear of liens, claims, interests, and encumbrances. The Debtor owns certain trailers that are described in the Bill of Sale as Exhibit A at https://urlcurt.com/u?l=cZrytY The Court has authorized the Debtor to sell the trailers to Interstate 365 LLC for $320,000. The transfer of the Trailers to Interstate 365 is or shall be a legal, valid, and effective transfer and shall vest the Buyer with all right, title, and interest of the Debtor in and to the trailers. The Debtor is authorized to execute and deliver the documentation and other items constitutes Seller's deliveries in accordance with the terms and conditions of the Bill of Sale. The sale of the trailers to Interstate 365 LLC is authorized to occur on substantially the same terms and conditions set forth in the Bill of Sale between the Debtor and Interstate. About Truck & Trailer Leasing Avenue LLC Truck & Trailer Leasing Avenue LLC specializes in long-distance freight transportation services, operating in Illinois. Truck & Trailer Leasing Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-05906) on April 16, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Jacqueline P. Cox handles the case. The Debtor is represented by Saulius Modestas, Esq. at MODESTAS LAW OFFICES, P.C. URBAN-GRO: Issues 2 Million Unregistered Shares for $200,000 ------------------------------------------------------------ urban-gro, Inc. disclosed in a regulatory filing that on January 23 and 28, 2026, it entered into Purchase and Subscription Agreements with accredited investors. Pursuant to the terms of the Subscription Agreements, the Company agreed to issue an aggregate of 2,000,000 unregistered shares of the Company's common stock to the Investors at a price of $0.10 per share for aggregate gross proceeds of $200,000. The Subscription Agreements include customary representations, warranties and covenants of the parties, including a covenant granting registration rights to the Investors with respect to the Shares to the extent the Company files any other registration statement registering the sale of its common stock in the future. Closing is expected to occur within two business days after the execution of each Subscription Agreement, subject to customary closing conditions. A full text copy of the Subscription Agreement is available at https://tinyurl.com/4ccha22c About urban-gro, INC. urban-gro, Inc. (Nasdaq: UGRO) -- www.urban-gro.com -- is an integrated professional services and Design-Build firm. The Company offers value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture, industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive its team to provide exceptional customer experiences. With offices across North America and in Europe, the Company delivers Your Vision - Built. Draper, Utah–based Sadler, Gibb & Associates, LLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated January 16, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 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. As of December 31, 2024, the Company had total assets of $19.5 million, $44.1 million in total liabilities, and $24.6 million in total stockholders' deficit. URBAN-GRO: Sadler, Gibb & Associates Raise Going Concern Doubt -------------------------------------------------------------- urban-gro, Inc. filed its annual report with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2024. The audited financial statements include a going-concern qualification from the Company's independent auditors, indicating substantial doubt about the Company's ability to continue operations. The opinion was issued by Draper, Utah–based Sadler, Gibb & Associates, LLC, the Company's auditor since 2024. In its report dated January 16, 2026, attached to the Company's Form 10-K, the firm cited 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. The Company incurred a net loss of $36.5 million for the year ended December 31, 2024, compared to a net loss of $25.4 million for the year ended December 31, 2023. The Company has produced multiple consecutive years of net losses and negative cash flows. However, the Company has recently taken actions to strengthen its liquidity, including decreasing headcount and operating expenses to expedite the Company's path to cash flow positive results. If necessary, the Company will seek to raise capital by issuing additional equity shares either through a private placement or on the open market. The Company may also seek to obtain additional debt financing for which there can be no guarantee. LIQUIDITY AND CAPITAL RESOURCES As of December 31, 2024, urban-gro had negative working capital of $26.5 million, compared to negative working capital of $5.1 million as of December 31, 2023, an increase of $21.4 million. This decrease in working capital was primarily due to decreases in accounts receivables of $13.3 million and contract receivables of $4.3 million, and impairment of goodwill and intangible assets of $11.3 million, and increases in customer deposits of $2.1 million, and notes payable of $3.6 million. As of December 31, 2024, it had cash of $0.8 million, which represented a decrease of $0.3 million from $1.1 million as of December 31, 2023. Changes in cash during 2024 and 2023 are discussed below. On December 13, 2023, UG Construction, Inc, a wholly owned subsidiary of the Company, entered into an interest only asset based revolving loan agreement with Gemini Finance Corp. pursuant to which Lender extended to UG Construction the Line of Credit in an amount not to exceed $10.0 million to be used to assist UG Construction and the Company with cash management. Lender will consider requests under the Line of Credit, which Lender may accept or reject in its discretion, until September 12, 2024, subject to an automatic extension for an additional nine-,month term until May 12, 2025, provided that UG Construction is in compliance with all the terms of the applicable loan documents and Lender has not sent a written notice of non-renewal at least 60 days prior to expiration of the Initial Term. The Line of Credit contains standard events of default and representations and warranties by UG Construction and the Lender and the Company has entered into a Continuing Guaranty pursuant to which the Company will guarantee repayment of the loans associated with the Line of Credit. Loans made under the Line of Credit earns interest at a annual rate of 12%. As of December 31, 2024, the Company had borrowed $4.4 million under the Line of Credit. Operating Activities: Net cash used in operating activities was $2.8 million during the year ended December 31, 2024. This use of cash was the net effect of the net loss of $36.5 million, offset primarily by a $11.3 million impairment of goodwill and intangible assets, depreciation and amortization of $1.4 million, stock-based compensation of $1.4 million, and a reduction in net operating assets and liabilities of $18.6 million. The $18.6 million reduction in net operating assets and liabilities was primarily due to the a $1.6 increase in accounts payable, contract liabilities and accrued expenses and a $17.6 million decrease in accounts receivable. Net cash used in operating activities was $10.5 million during the year ended December 31, 2023. This use of cash was the net effect of the net loss of $25.4 million, offset by non-cash expenses of $12.7 million, and a decrease in net operating assets and liabilities of $2.2 million. The $2.2 million decrease in net operating assets and liabilities was primarily due to the net effects of a $11.9 million increase in accounts receivable, a $0.0 million increase in customer deposits, offset by a $13.0 million increase in accounts payable and accrued expenses, and an $2.5 million increase in prepayments and other assets. Investing Activities: Net cash used in investing activities was $0.1 million for the year ended December 31, 2024, primarily due to purchases of property and equipment. We had no material commitments for capital expenditures as of December 31, 2024. Net cash provided by investing activities was $1.9 million for the year ended December 31, 2023, primarily from the sale of our investment in XS Financial for $2.4 million offset by the acquisition of property, plant and equipment of $0.5 million. We had no material commitments for capital expenditures as of December 31, 2023. Financing Activities: Net cash provided by financing activities was $2.7 million for the year ended December 31, 2024. Cash provided from financing activities during the year ended December 31, 2024 primarily relates to additions to notes payable for $8.1 million, partially offset by $5.2 million of payments made on notes payable. Net cash used in financing activities was $2.0 million for the year ended December 31, 2023. Net cash used in financing activities during the year ended December 31, 2023 primarily relates to cash provided by our line of credit and notes payable of $2.5 million offset by $3.9 million of payments made on the DVO Promissory Note and $0.5 million of payments related to contingent consideration. Material Cash Requirements: urban-gro's material cash requirements include payments on the UG Construction Line of Credit. A full text copy of the Company's Annual Report is available at: https://tinyurl.com/3nk3dme2 About urban-gro, Inc. urban-gro, Inc. (Nasdaq: UGRO) -- www.urban-gro.com -- is an integrated professional services and Design-Build firm. The Company offers value-added architectural, engineering, and construction management solutions to the Controlled Environment Agriculture, industrial, healthcare, and other commercial sectors. Innovation, collaboration, and creativity drive its team to provide exceptional customer experiences. With offices across North America and in Europe, the Company delivers Your Vision - Built. As of December 31, 2024, the Company had total assets of $19.5 million, $44.1 million in total liabilities, and $24.6 million in total stockholders' deficit. US NUCLEAR: Posts $147,355 Q3 2025 Net Income, Seeks New Capital ---------------------------------------------------------------- US Nuclear Corp. submitted its Quarterly Report on Form 10-Q to the U.S. Securities and Exchange Commission for the period ended September 30, 2025. US Nuclear's operations have historically been financed by its majority shareholder and, more recently, from proceeds from the issuance of notes payable and sale of its common stock. The Company anticipates funding the growth of its business through the sales of additional shares of its common stock and loans from its majority stockholder if necessary. Sales Performance Sales for the three months ended September 30, 2025, were $595,305 compared to $610,864 for the same period in 2024. Sales for the nine months ended September 30, 2025, were $1,519,081 compared to $1,741,182 for the same period in 2024. Profitability and Accumulated Deficit The Company recorded a net income of $147,355 for the three months ended September 30, 2025, compared to a net loss of $110,917 for the same period in 2024. For the nine months ended September 30, 2025, the Company recorded a net loss of $620,676, compared to a net loss of $728,320 for the same period in 2024, and had an accumulated deficit of $20,466,094 as of September 30, 2025, which raises substantial doubt about its ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate profitable operations in the future and/or obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Balance Sheet Overview At September 30, 2025, total assets decreased to $2,537,709 from $2,646,847 at December 31, 2024. The decrease primarily reflects decreases in cash, accounts receivable, and prepaid expenses, offset by an increase in inventories. At September 30, 2025, total liabilities decreased to $2,391,319 from $3,503,012 at December 31, 2024. The decrease is primarily the net of decreases in accounts payable and accrued expenses, deferred revenue, and notes payable, offset by an increase in the balances of the Company's lines of credit. Cash Flows Net cash used in operating activities for the nine months ended September 30, 2025, was $95,978 compared to $425,469 for the same period in 2024. The change in cash used in operations was principally due to changes in inventory, accounts receivable, and customer deposit working capital accounts. Net cash used in investing activities for the nine months ended September 30, 2025, was $0 compared to $21,581 for the same period in 2024. The decrease in cash used in investing activities was due to the decrease of advances and a note receivable. Net cash provided by financing activities for the nine months ended September 30, 2025, was $41,045 compared to $325,988 for the same period in 2024. The decrease in cash from financing activities was primarily due to a reduction of proceeds from shareholder notes payable. Management efforts Management has plans to seek additional capital through some private placement offerings of debt and equity securities. These plans, if successful, will mitigate the factors which raise substantial doubt about the Company's ability to continue as a going concern. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/4h4k7xrm About US Nuclear US Nuclear Corp. is engaged in developing, manufacturing, and selling radiation detection and measuring equipment. The Company markets and sells its products to consumers throughout the world. As of September 30, 2025, the Company had $2,537,709 in total assets, $2,391,319 in total liabilities, and $146,390 in total stockholders' equity. Spokane, Wash.-based Fruci & Associates II, PLLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated June 24, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, citing that the Company has an accumulated deficit and net losses. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. US SIKH: Unsecured Creditors Will Get 12% of Claims in 60 Months ---------------------------------------------------------------- US Sikh Transport filed with the U.S. Bankruptcy Court for the Eastern District of California a Small Business Plan of Reorganization under Subchapter V dated January 26, 2026. The Debtor is a small, family-owned trucking company that operates primarily in California's Central Valley. Prior to the pandemic economic "drama", the business maintained a larger fleet, multiple drivers, and stable revenue supporting growth. Like many transportation companies/trucking companies, however, the Debtor was severely impacted by the COVID-19 economic slowdown, disruptions in freight demand, labor shortages, fuel price volatility, and sharp increases in insurance and maintenance costs. During the height of the pandemic, the Debtor obtained federal relief financing, including an SBA Economic Injury Disaster Loan ("EIDL"). At the time, the business was larger, revenues were stronger, and these loans were expected to be serviceable as the economy recovered. Instead, the trucking industry entered a prolonged downturn and it's barely coming back as of now. Most of the Debtor's colleagues, as well as competition, did not survive / ended up Chapter 7. The company's current state is a reduced fleet of core trucks that transitioned to a two-owner operator structure. It incurs very minimal expenses to remain viable. Today, the company remains fully operational, continues to generate revenue, and services its customer base. The Debtor believes the business is capable of stable performance and possibly future expansion when market conditions normalize. The Debtor filed this Subchapter V case in good faith and with the goal of continuing business operations, protecting its customer relationships, and positioning the company to rebuild and grow in the coming years. Subchapter V offers the most efficient and effective path to achieve those goals. Class 2 consists of General Unsecured Claims. The allowed unsecured claims total $1,500,021.17. Class 2 General Unsecured Creditors will receive a pro-rata share of a fund totaling 12% of $1,500,021.17 = $180,002.54 (i.e., $3,000.04 per month over a 60-month period). Pro-rata means the entire amount of the claim divided by the entire amount owed to Class 2 creditors with allowed claims in this class. Disbursements commence on the 1st day of the month after the Effective Date of the Plan and continue on the first day of the month for 60 months. Creditors in Class 2 may not take any collection action against Debtor so long as Debtor is not in material default under the Plan. This class is impaired and is entitled to vote on confirmation of the Plan. Debtor has indicated above whether a particular claim is disputed. Class 3 consists of Equity Interests. The general partners, Balwinder Singh and Kuldeep Singh, retain 100% equity in the reorganized Debtor. This class is not impaired and not entitled to vote on confirmation of the plan. The Plan will be funded from the continued operation of Debtor's business. Available funds will be used to pay the administrative costs of the Subchapter V Trustee and Debtor's attorney fees but if no funds are available, these administrative costs will be paid over time. A full-text copy of the Plan of Reorganization dated January 26, 2026 is available at https://urlcurt.com/u?l=xuauQA from PacerMonitor.com at no charge. The firm can be reached through: Arasto Farsad, Esq. Farsad Law Office, P.C. 1625 The Alameda, Suite 525 San Jose, CA 95126 Telephone: (408) 641-9966 Facsimile: (408) 866-7334 Email: af@farsadlaw.com About US Sikh Transport US Sikh Transport operates as an interstate freight carrier based in Fresno, California. US Sikh Transport sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-13801) on Nov. 11, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jennifer E. Niemann handles the case. The Debtor is represented by Arasto Farsad, Esq. USA STAFFING: Hearing Today on Bid to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, is set to hold a hearing today to consider extending Staffing Management Group, LLC's authority to use cash collateral. The Debtor's authority to use cash collateral under the court's January 27 sixth interim order expires today. The sixth interim order authorized Staffing Management Group, an affiliate of USA Staffing Services, LLC, to use cash collateral for U.S. trustee quarterly fees and other court-approved payments; the expenses set forth in the budget (plus an amount not to exceed 10% for each line item); and additional amounts subject to approval by senior creditor, Change Capital Holdings I, LLC. The sixth interim order approved the weekly payment of $5,000 to Change Capital and granted the secured creditor first-priority perfected post-petition security interests in and liens on all assets of the Debtor existing on or after the petition date that are similar to its pre-bankruptcy collateral. About USA Staffing Services LLC USA Staffing Services, LLC provides staffing solutions across the United States through a network of locally owned partner offices. It offers temporary staffing, direct hire, and customized workforce solutions for businesses across various industries and locations. USA Staffing Services and its affiliates, Staffing Management Group, LLC and MK Ultra Investments, LLC filed Chapter 11 petitions (Bankr. M.D. Fla. Lead Case No. 25-04358) on June 27, 2025. In its petition, USA Staffing Services reported total assets of $6,315,418 and total liabilities of $3,239,607. Judge Catherine Peek McEwen handles the cases. The Debtors are represented by Daniel E. Etlinger, Esq., at Underwood Murray, P.A. Change Capital Holdings I, LLC, as senior creditor, is represented by: Steven J. Brotman, Esq. Troutman Pepper Locke, LLP 777 South Flagler Drive Suite 215 East Tower West Palm Beach, FL 33401 Telephone: 561-833-7700 Facsimile: 561-655-8719 steven.brotman@troutman.com -- and -- Sean A. Feener, Esq. Troutman Pepper Locke, LLP 875 Third Avenue, New York, NY 10022 Telephone: 212.912.2724 sean.feener@troutman.com VERRICA PHARMACEUTICALS: Affinity Asset Advisors Holds 5.5% Stake ----------------------------------------------------------------- Affinity Asset Advisors, LLC and Michael Cho, disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of January 22, 2026, they beneficially own 884,172 shares of common stock -- directly held by Affinity Healthcare Fund, LP, managed by Affinity Asset Advisors, LLC; includes 176,834 shares issuable upon exercise of warrants; Michael Cho, managing member of the Adviser, may be deemed beneficial owner -- of Verrica Pharmaceuticals Inc.'s common stock, $0.0001 par value per share, representing 5.5% of the 15,989,861 shares outstanding as of December 1, 2025, per the Company's Prospectus filed December 23, 2025, plus 176,834 warrant shares. Affinity Asset Advisors, LLC may be reached through: Andrew Weinstein, CFO and CCO 450 Park Avenue, Suite 1403 New York, NY 10022 Tel: 917-826-4533 A full-text copy of Affinity Asset Advisors, LLC's SEC report is available at: https://tinyurl.com/577ehbpy About Verrica Pharmaceuticals West Chester, Pa.-based Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing and selling medications for skin diseases requiring medical intervention. Philadelphia, Pennsylvania-based KPMG LLP, the Company's auditor since 2008, issued a "going concern" qualification in its report dated March 11, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has incurred substantial operating losses since inception and has negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $40.9 million in total assets, $57.9 million in total liabilities, and $17 million in total stockholders' deficit. VITRO BIOPHARMA: Needs Additional Time to File FY 2025 10-K ----------------------------------------------------------- Vitro Biopharma Inc. has determined that it is unable to file its Annual Report on Form 10-K for the year ended October 31, 2025 by the original due date for such filing, without unreasonable effort or expense because it requires additional time to complete its financial statements. The Company expects that it will file the Form 10-K no later than February 13, 2026. About Vitro Biopharma Headquartered in Denver, Colorado, Vitro Biopharma, Inc. is an innovative biotechnology company targeting autoimmune diseases and inflammatory disorders, with an ancillary focus in the research services and cosmeceutical fields. With respect to its regenerative medicine business, the Company is developing novel cellular therapeutic candidates intended to address significant unmet medical needs. In the United States, the Company is authorized to conduct two clinical trials under two FDA IND applications to assess the safety and efficacy of AlloRx Stem Cell therapy in PTHS and PASC, or Long COVID, and expects to commence those trials in early 2024. The Company generates revenue from its other technologies through a number of other activities, including through the sale of its stem cell products as well as cosmeceuticals through InfiniVive MD, its wholly-owned subsidiary, which helps to alleviate its capital expenses. The Company has incurred net losses of approximately $6million for the nine months ended July 31, 2025. The Company had a working capital deficit of approximately $14.2 million as of July 31, 2025. In addition, the revenues of the Company do not provide adequate working capital for the Company to sustain its current and planned business operations. These factors raise substantial doubt about the Company's ability to continue as a going concern within the next 12 months. As of July 31, 2025, the Company had $4.6 million in total assets, $16.7 million in total liabilities, and $12.1 million in total stockholders' deficit. WHITE ROCK: Seeks to Tap Epiq as Claims and Noticing Agent ---------------------------------------------------------- White Rock Medical Center LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Epiq Corporate Restructuring, LLC as claims and noticing agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. The firm received an advanced retainer of $25,000 from the Debtors. Sophie Frodsham, a director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Sophie Frodsham Epiq Corporate Restructuring, LLC 777 Third Avenue, 12th Floor New York, NY 10017 Telephone: (646) 282-2500 About White Rock Medical Center White Rock Medical Center LLC and its affiliates are the owner/operators of two hospitals: White Rock Medical Center ("WRMC") operating in Dallas, Texas and Heights Hospital operating in Houston Texas. White Rock Medical Center LLC and 6 its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90115) on Jan. 20 and Jan. 21, 2026. In its petition, White Rock estimated assets ranging from $10 million to $50 million and liabilities between $50 million and $100 million. The Honorable Bankruptcy Judge Christopher M. Lopez handles the case. White Rock tapped Reed Smith LLP as counsel, and HMP Advisory Holdings, LLC, doing business as Harney Partners, as financial advisor. Epiq Corporate Restructuring, LLC, is the claims agent. WRIGHTSTOWN WOOD: Seeks Chapter 7 Bankruptcy in Wisconsin --------------------------------------------------------- Wrightstown Wood Products Inc. sought bankruptcy protection under Chapter 7 on January 19, 2026, filing its case in the Eastern District of Wisconsin. Court documents show the Debtor reports liabilities between $100,001 and $1,000,000 and identifies 1 to 49 creditors. About Wrightstown Wood Products Inc. Wrightstown Wood Products Inc. is a wood products manufacturer supplying lumber and related materials to construction and industrial markets. The company filed under Chapter 7 of the U.S. Bankruptcy Code on January 19, 2026, under Bankruptcy Case No. 26-20229. The petition reflects estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The matter is pending before U.S. Bankruptcy Judge Beth E. Hanan. The Debtor is represented by John A. Foscato, Esq., Law Offices of John A. Foscato S.C. [] David Love Joins Winston & Strawn's Finance Practice ------------------------------------------------------- Winston & Strawn LLP announced the addition of David Love to the firm's Chicago office. He joins the firm's Transactions Department as a partner in the Finance Practice. Mr. Love represents leading private equity sponsors in leveraged finance transactions, with a focus on acquisition financings across the large-cap and middle markets. He also advises clients on liability management transactions. Mr. Love's arrival follows finance partner additions Aaron Benjamin, Andrew Jacobs, Yulia Makarova, Aparna Sehgal, and Richard Semple, and adds to a recent series of high-profile transactional partner additions across London, New York, Los Angeles, Miami, and Charlotte. "Winston is exceptionally active in the middle market private equity space and has become a go-to firm for leveraged finance work," said Mr. Love "I'm thrilled to join a team that's scaling quickly and doing highly impactful work." "Chicago remains a center of gravity for private equity, and our clients are pursuing more complex transactions than ever," added Chicago Office Managing Partner William O'Neil. "David brings the experience and perspective that will help us continue to support that activity with the depth and sophistication clients expect from Winston." "David enhances our ability to help sponsors pursue competitive financing strategies," said Transactions Department Co-Chairs Brad Vaiana and Tim Kincaid. "He brings high-end experience that complements our international finance platform and gives private equity clients an additional edge in today's market." [] Max Silverstein Joins Latham's Capital Markets Practice ---------------------------------------------------------- Latham & Watkins LLP announced that Max Silverstein has joined the firm's New York office as a partner in the Capital Markets Practice. Mr. Silverstein has substantial experience representing sponsors, corporates, and credit funds in their most complex financing and liability management transactions. His arrival further enhances Latham's world-class, fully integrated corporate and finance practice. "We are delighted to have Max join our all-star team, further enhancing our ability to serve our clients' most sophisticated financing needs," said Marc Jaffe, Managing Partner of Latham & Watkins' New York office. "Max is a talented partner with terrific experience advising on complex matters at the intersection of direct lending, special situations, and restructuring -- areas that are both a strategic priority and where client demand is incredibly strong and growing." Mr. Silverstein's practice focuses on direct lending, special situations transactions, workouts, restructurings, and insolvency matters. He represents private equity sponsors, portfolio companies, corporate borrowers, and credit funds in a broad range of leveraged finance transactions, including acquisition financings, leveraged buyouts, recapitalizations and asset-based and other senior secured credit facilities. Mr. Silverstein has developed a market-leading practice advising clients on complex asset-based term loans and revolvers, including first-in, last-out financings. John Sobolewski, Global Chair of Latham's Liability Management Practice and Global Vice Chair of the Capital Markets Practice, said: "Max is an elite talent and a proven advisor on complex finance and liability management matters. He deepens our market-leading capabilities and strengthens our role as the go-to advisor for clients across the capital stack." Mr. Silverstein is the latest partner to join Latham's fully integrated global finance and corporate platform. In the last year, Latham added in New York renowned practitioners Ray C. Schrock, Andrew Parlen, John Sobolewski, Ryan Preston Dahl, Candace Arthur, Alexander Welch, Benjamin Rhode, and Natasha Hwangpo. "It is not only Latham's incredible scale and resources that are exciting, but also the firm's strong commitment to investing in and expanding the practice at the highest level," said Mr. Silverstein. "These things and more offer a unique opportunity to contribute to a platform poised for exponential growth. I'm thrilled to join the team and look forward to contributing to the firm's ambitious growth plans and continued success." Mr. Silverstein joins Latham from Ropes & Gray LLP. He received his JD from Columbia Law School, MA from Relay Graduate School of Education, and BS from Pennsylvania State University. About Latham & Watkins Latham & Watkins -- https://www.lw.com/ -- is a global law firm that provides advise on complex transactions, litigation, and regulatory matters. [] Rachel Strickland Joins Ropes & Gray's Restructuring Practice ---------------------------------------------------------------- Global law firm Ropes & Gray announced that top business restructuring lawyer Rachel Strickland has joined its restructuring practice as Global Chair of Restructuring. In addition, Daniel Forman, Andrew Mordkoff, and Andrew Minear are joining as partners. This 4-partner group brings a broad suite of first-class restructuring and debt finance capabilities, amplifying the current Ropes team's scope and scale, and further enhancing its elite market stature. All four new partners will be based in New York. "Rachel is a proven leader with deep experience and a true clients-first approach. Uniting Rachel, Dan, Andrew and Andrew with our team creates a powerhouse in restructuring," said Julie Jones, Chair. "Their addition demonstrates our commitment to building a best-in-class and highly integrated set of practices to serve our clients holistically and seamlessly in their most important moments. Most importantly, our enhanced team will give our clients a distinct advantage in achieving their key business goals." Ms. Strickland brings decades of experience that have earned her a highly distinguished market profile. Trusted by the top private equity firms and leading hedge funds, she will spearhead Ropes & Gray's integrated approach to the most complex situations faced by our clients. She brings deep expertise across multiple industries, including media, transportation, financial services, technology, and more, from work with clients that include Walgreens Boots Alliance, DISH Network, KKR, JPMorgan Asset Management, and many others. She will be global chair and practice group leader of business restructuring at Ropes & Gray. She previously headed the global restructuring practices at two international law firms. "This combination of teams exemplifies strength meeting strength," said Neill Jakobe, vice chair of Ropes & Gray. "Rachel is highly respected in the field. She and her team complement what we have built at Ropes, and together we are creating a deeper, more versatile restructuring platform. Our clients increasingly face situations that cut across finance, litigation, and strategy, and this combination allows us to meet that moment." "Ropes & Gray has a best-in-class restructuring practice and a culture that values collaboration, client focus, and excellence," said Ms. Strickland. "Joining the firm and working with this talented group of lawyers offers an incredible opportunity. Together, we can take this premier, integrated restructuring platform to the next level, where we are uniquely equipped to handle the most complex situations our clients face in a changing landscape." Partner Matt Roose will continue to serve as deputy practice group leader. Together, they will reinforce the firm's formidable power to advise clients in complex situations, including major restructurings, distressed M&A, liability management transactions, and sponsor- and investor-driven special situations. Daniel Forman brings broad debtor and creditor-side restructuring experience with a strong emphasis on financing solutions. He has been involved in major bankruptcy cases like Hertz Corporation, Pacific Gas & Electric, Commonwealth of Puerto Rico, Claire's Stores and a number of mass-tort cases in a variety of roles. He represents debtors, creditors, sponsors, and investors in Chapter 11 and out‑of‑court matters, including DIP and exit financings, and liability management transactions. Andrew Mordkoff represents clients on all aspects of high‑stakes Chapter 11 cases and has significant experience with distressed acquisitions, bankruptcy litigation, cross-border matters and out-of-court restructurings. Mr. Mordkoff has represented parties in precedent-shaping restructurings across several industries, including healthcare, hospitality, retail, technology and manufacturing. Andrew Minear advises debtors, creditors, sponsors, and financing sources across the full restructuring spectrum. His experience spans out-of-court workouts, prepackaged and traditional bankruptcies, liability management transactions, DIP and exit financings, asset sales, litigation, and cross‑border matters. He is known for aligning commercial objectives with pragmatic execution. "The addition of these new partners demonstrates our commitment to enhancing the offerings of our full-service New York office," said John Sorkin, New York office managing partner. "Our ability to attract such a preeminent team in the marketplace demonstrates the vibrance and continued growth trajectory of our 500-lawyer New York office as we celebrate our 25th anniversary in New York." [] Stretto Launches Real Estate Disposition Services ---------------------------------------------------- Stretto, a market-leading legal services and technology firm, has announced the launch of Stretto Real Estate Services to help legal professionals and fiduciaries manage and execute real-estate dispositions within bankruptcy and insolvency proceedings. Terry Rochford, who recently joined Stretto as managing director, will lead the new service offering. As an industry veteran, Mr. Rochford brings more than three decades of specialized experience to his new role at Stretto. "Our clients continue to seek additional support from the Stretto team as they grow their practices and recognize that they can leverage our technology and expertise," states James M. Le, president at Stretto. "Stretto Real Estate Services represents yet another offering down that path. It will enable clients to manage and execute real-estate transactions with increased speed and efficiency as they navigate critical case milestones and court-driven deadlines. We're excited to have Terry on board to lead these efforts, and we are confident that our clients will benefit significantly from his expertise and this new solution." In leading the launch and strategic growth of Stretto Real Estate Services, Terry will leverage the company's nationwide infrastructure and collaborate with attorneys, trustees, creditors and other stakeholders to identify, market, and sell real-estate assets in Chapter 7, in Chapter 11, and in other insolvency matters. From valuation and marketing strategy through sale execution and closing, the service helps professionals stay on track with bankruptcy timelines and stakeholder requirements. Supported by Stretto's AI-enhanced tools and proprietary data-driven insights, Stretto Real Estate Services represents the company's latest offering further rounding out its comprehensive suite of bankruptcy case-management solutions. "Real-estate disposition in bankruptcy matters can bring significant challenges to attorneys and trustees," Mr. Rochford states. "It's exciting to be joining Stretto to introduce a full suite of services to help our clients navigate these obstacles and gain greater efficiencies in the process. They can move forward with their real estate transactions with confidence, knowing every step is managed correctly, transparently, and without surprises." Mr. Rochford actively participates as a member of the Turnaround Management Association (TMA) and American Bankruptcy Institute (ABI). Prior to joining Stretto, he served as senior vice president at Hilco Real Estate where he led the nation in Section 363 sales in 2024, and as vice president at Auction.com/Ten-X where he drove distressed asset sales nationwide. About Stretto Stretto -- https://www.stretto.com/ -- delivers a full spectrum of case management and claims administration services, depository and distribution solutions, and technology tools to legal and financial professionals. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re SoluScience, LLC Bankr. D. Colo. Case No. 26-10022 Chapter 11 Petition filed January 5, 2026 See https://www.pacermonitor.com/view/3UMK66Q/SoluScience_LLC__cobke-26-10022__0004.0.pdf?mcid=tGE4TAMA represented by: Lawrence Rogak, Esq. LAWRENCE N. ROGAK, ESQ. E-mail: insurancelawyer@yahoo.com In re CABS Truck Leasing, Inc. Bankr. E.D. Ark. Case No. 26-10184 Chapter 11 Petition filed January 19, 2026 See https://www.pacermonitor.com/view/WTKZEBQ/CABS_Truck_Leasing_Inc__arebke-26-10184__0001.0.pdf?mcid=tGE4TAMA represented by: Stanley V. Bond, Esq. BOND LAW OFFICE E-mail: attybond@me.com In re EVS Manufacturing, Inc. Bankr. W.D. Wash. Case No. 26-10154 Chapter 11 Petition filed January 19, 2026 See https://www.pacermonitor.com/view/2JSJXNQ/EVS_Manufacturing_Inc__wawbke-26-10154__0001.0.pdf?mcid=tGE4TAMA represented by: Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. E-mail: courtmail@expresslaw.com In re Glen Kelsey Bankr. D. Hawaii Case No. 26-00056 Chapter 11 Petition filed January 25, 2026 represented by: Allison Ito, Esq. In re Lance Halden Winsaft Bankr. S.D. Fla. Case No. 26-10924 Chapter 11 Petition filed January 26, 2026 represented by: Craig Kelley, Esq. In re Bridget Ann Maguire Bankr. S.D. Fla. Case No. 26-10895 Chapter 11 Petition filed January 26, 2026 represented by: Dana Kaplan, Esq. In re Dennis Brannon Arnett and April Cummings Arnett Bankr. N.D. Ga. Case No. 26-10124 Chapter 11 Petition filed January 26, 2026 represented by: J. Nevin Smith, Esq. SMITH CONERLY LLP In re Jason Chadwick Bulloch and Mark Brandon Godwin Bankr. N.D. Ga. Case No. 26-51027 Chapter 11 Petition filed January 26, 2026 represented by: Leslie Pineyro, Esq. JONES & WALDEN LLC In re BDD Restaurant Company, LLC Bankr. E.D. Mich. Case No. 26-40750 Chapter 11 Petition filed January 26, 2026 See https://www.pacermonitor.com/view/Z7WIDOA/BDD_Restaurant_Company_LLC__miebke-26-40750__0001.0.pdf?mcid=tGE4TAMA represented by: Charles D Bullock, Esq. STEVENSON & BULLOCK, PLC E-mail: cbullock@sbplclaw.com In re Bear Company, LLC Bankr. D. Neb. Case No. 26-80083 Chapter 11 Petition filed January 26, 2026 See https://www.pacermonitor.com/view/ZMKZ4YQ/Bear_Company_LLC__nebke-26-80083__0001.0.pdf?mcid=tGE4TAMA represented by: Patrick R. Turner, Esq. TURNER LEGAL GROUP, LLC Email: pturner@turnerlegalomaha.com In re G&D Transmission & Fleet Service Inc. Bankr. E.D.N.Y. Case No. 26-70352 Chapter 11 Petition filed January 26, 2026 See https://www.pacermonitor.com/view/QRBOBYA/GD_Transmission__Fleet_Service__nyebke-26-70352__0001.0.pdf?mcid=tGE4TAMA represented by: Fred S. Kantrow, Esq. THE KANTROW LAW GROUP, PLLC Email: fkantrow@thekantrowlawgroup.com In re Porky's, LLC Bankr. W.D. Pa. Case No. 26-20222 Chapter 11 Petition filed January 26, 2026 See https://www.pacermonitor.com/view/3LZMBKQ/Porkys_LLC__pawbke-26-20222__0001.0.pdf?mcid=tGE4TAMA represented by: Joanna D. Studeny, Esq. TUCKER ARENSBERG, P.C. E-mail: jstudeny@tuckerlaw.com In re James Norman Loveridge Bankr. D. Colo. Case No. 26-10458 Chapter 11 Petition filed January 27, 2026 In re GG Rock Developments LLC Bankr. S.D. Fla. Case No. 26-10966 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/WB3B74Y/GG_Rock_Developments_LLC__flsbke-26-10966__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Ceesay's Trucking & Logistics LLC Bankr. N.D. Ga. Case No. 26-51053 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/JZY4CPQ/Ceesays_Trucking__Logistics_LLC__ganbke-26-51053__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Care One Home Health Services, Inc. Bankr. N.D. Ill. Case No. 26-01443 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/DMZKBTA/Care_One_Home_Health_Services__ilnbke-26-01443__0001.0.pdf?mcid=tGE4TAMA represented by: Richard G Larsen, Esq. SPRINGERLARSEN, LLC E-mail: rlarsen@springerbrown.com In re Syncube Containers, LLC Bankr. E.D. Mich. Case No. 26-40806 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/JUO7TOI/Syncube_Containers_LLC__miebke-26-40806__0001.0.pdf?mcid=tGE4TAMA represented by: Alexander J. Berry-Santoro, Esq. MAXWELL DUNN PLC E-mail: aberrysantoro@maxwelldunnlaw.com In re Bubbly Paws, LLC Bankr. D. Minn. Case No. 26-40261 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/ZE5PZ3I/BUBBLY_PAWS_LLC__mnbke-26-40261__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Harbor Cove Properties LLC Bankr. D. Nev. Case No. 26-10451 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/UHPWDZQ/HARBOR_COVE_PROPERTIES_LLC__nvbke-26-10451__0001.0.pdf?mcid=tGE4TAMA represented by: Janet Trost, Esq. NV JANET TROST, ESQ. E-mail: janet@trostlawfirm.com In re AEZ Loan Services, LLC Bankr. S.D.N.Y. Case No. 26-22079 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/J4FZDCY/BARBARA_A_AEZ_LOAN_SERVICES_LLC__nysbke-26-22079__0001.0.pdf?mcid=tGE4TAMA represented by: Solomon Rosengarten, Esq. SOLOMON ROSENGARTEN Email: vokma@aol.com In re Robert Ludvik Blumenblatt Bankr. S.D.N.Y. Case No. 26-10160 Chapter 11 Petition filed January 27, 2026 In re 6325 Sheridan Corporation Bankr. W.D.N.Y. Case No. 26-10101 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/5KDNJKY/6325_Sheridan_Corporation__nywbke-26-10101__0001.0.pdf?mcid=tGE4TAMA represented by: Frederick J. Gawronski, Esq. COLLIGAN LAW, LLP E-mail: fgawronski@colliganlaw.com In re Voci Center Plastic Surgery, P.A. Bankr. W.D.N.C. Case No. 26-30099 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/BFCFDWY/Voci_Center_Plastic_Surgery_PA__ncwbke-26-30099__0001.0.pdf?mcid=tGE4TAMA represented by: John C. Woodman, Esq. ESSEX RICHARDS PA E-mail: jwoodman@essexrichards.com In re Selcuk Ahmet Tombul Bankr. E.D. Tenn. Case No. 26-10223 Chapter 11 Petition filed January 27, 2026 represented by: Amanda Stofan, Esq. FARINASH & STOFAN In re Chrysalis Healthcare Partners LLC Bankr. S.D. Tex. Case No. 26-80040 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/DMM2KKQ/Chrysalis_Healthcare_Partners__txsbke-26-80040__0001.0.pdf?mcid=tGE4TAMA represented by: Robert C Lane, Esq. THE LANE LAW FIRM E-mail: notifications@lanelaw.com In re AM Carrier, LLC Bankr. W.D. Wash. Case No. 26-10244 Chapter 11 Petition filed January 27, 2026 See https://www.pacermonitor.com/view/IS72YMI/AM_Carrier_LLC__wawbke-26-10244__0001.0.pdf?mcid=tGE4TAMA represented by: Thomas D. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. E-mail: courtmail@expresslaw.com In re Adrian Johnson Bankr. W.D. Wisc. Case No. 26-10137 Chapter 11 Petition filed January 27, 2026 represented by: Emily Madison, Esq. In re Quality Living Property Management LLC Bankr. E.D. Ark. Case No. 26-10299 Chapter 11 Petition filed January 28, 2026 See https://www.pacermonitor.com/view/VLNXDHQ/Quality_Living_Property_Management__arebke-26-10299__0001.0.pdf?mcid=tGE4TAMA represented by: Vanessa Cash Adams, Esq. LAW OFFICE OF VANESSA CASH ADAMS INC E-mail: vanessa@vanessacash.org In re Mar & Mar, Corp. Bankr. C.D. Cal. Case No. 26-10257 Chapter 11 Petition filed January 28, 2026 See https://www.pacermonitor.com/view/Z72XWAI/Mar__Mar_Corp__cacbke-26-10257__0001.0.pdf?mcid=tGE4TAMA represented by: Steven E. Cowen, Esq. S.E. COWEN LAW E-mail: Cowen.steve@secowenlaw.com In re Robert Michael Esposito Bankr. M.D. Fla. Case No. 26-00669 Chapter 11 Petition filed January 28, 2026 represented by: Ray Hill, Esq. In re The King's Academy of West Orlando, Inc. Bankr. M.D. Fla. Case No. 26-00557 Chapter 11 Petition filed January 28, 2026 See https://www.pacermonitor.com/view/3HDNUCA/The_Kings_Academy_of_West_Orlando__flmbke-26-00557__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSON AINSWORTH PLLC E-mail: jeff@bransonlaw.com In re Two Jays at The Bricks, LLC Bankr. N.D. Fla. Case No. 26-40044 Chapter 11 Petition filed January 28, 2026 See https://www.pacermonitor.com/view/DZBIMAY/Two_Jays_at_The_Bricks_LLC__flnbke-26-40044__0001.0.pdf?mcid=tGE4TAMA represented by: Byron W. Wright III, Esq. BRUNER WRIGHT, P.A. E-mail: twright@brunerwright.com In re Robert H. Drysdale Bankr. D. Nev. Case No. 26-10515 Chapter 11 Petition filed January 28, 2026 represented by: Stephen Harris, Esq. In re Lisa Anna Chierchio Bankr. E.D.N.Y. Case No. 26-40440 Chapter 11 Petition filed January 28, 2026 In re Roger Roosevelt Williams Bankr. S.D.N.Y. Case No. 26-10172 Chapter 11 Petition filed January 28, 2026 represented by: Julio Portilla, Esq. In re 547 Duncan LLC Bankr. E.D. Va. Case No. 26-10202 Chapter 11 Petition filed January 28, 2026 See https://www.pacermonitor.com/view/TP6WMMQ/547_Duncan_Llc__vaebke-26-10202__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Kent Moyer and Kaoru Moyer Bankr. C.D. Cal. Case No. 26-10806 Chapter 11 Petition filed January 29, 2026 In re 469 NE 35 Street LLC Bankr. S.D. Fla. Case No. 26-11151 Chapter 11 Petition January 29, 2026 See https://www.pacermonitor.com/view/BRN66JQ/469_NE_35_Street_LLC__flsbke-26-11151__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Jorge Enrique Escobar and Willaida L Escobar-Garces Bankr. S.D. Fla. Case No. 26-11150 Chapter 11 Petition filed January 29, 2026 represented by: Susan Lasky, Esq. In re LS Interiors Group, Inc. Bankr. S.D. Fla. Case No. 26-11143 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/RCHUT4Y/LS_Interiors_Group_Inc__flsbke-26-11143__0001.0.pdf?mcid=tGE4TAMA represented by: Brian S. Behar, Esq. BEHAR, GUTT & GLAZER, P.A. Email: bsb@bgglaw.com In re 7th State Builders, LLC Bankr. D. Md. Case No. 26-10938 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/5VZEYKQ/7th_State_Builders_LLC__mdbke-26-10938__0001.0.pdf?mcid=tGE4TAMA represented by: Janet M. Nesse, Esq. MCNAMEE HOSEA, P.A. E-mail: jnesse@mhlawyers.com In re Celest Investments LLC Bankr. D. Mass. Case No. 26-40084 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/QLJLE7Q/Celest_Investments_LLC__mabke-26-40084__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Anthony Weeresinghe Bankr. D. Mass. Case No. 26-10196 Chapter 11 Petition filed January 29, 2026 represented by: David Madoff, Esq. MADOFF & KHOURY LLP In re Glenn Elvin Coker, Jr and Miranda Norris Coker Bankr. E.D. Mo. Case No. 26-40384 Chapter 11 Petition filed January 29, 2026 represented by: Andrew Magdy, Esq. In re Save A Connie, Inc. Bankr. W.D. Mo. Case No. 26-40159 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/RF247OI/Save_A_Connie_Inc__mowbke-26-40159__0001.0.pdf?mcid=tGE4TAMA represented by: Colin N. Gotham, Esq. EVANS & MULLINIX, P.A. Email: cgotham@emlawkc.com In re Angel's Paradise Higher Learning Academy, Inc. Bankr. N.D. Ga. Case No. 26-51205 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/U34LVCY/Angels_Paradise_Higher_Learning__ganbke-26-51205__0001.0.pdf?mcid=tGE4TAMA represented by: Ian Falcone, Esq. THE FALCONE LAW FIRM, PC Email: imf@falconefirm.com In re Ellas Kouzina, LLC Bankr. N.D. Ga. Case No. 26-51228 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/J7QS5YQ/Ellas_Kouzina_LLC__ganbke-26-51228__0001.0.pdf?mcid=tGE4TAMA represented by: Paul Reece Marr, Esq. PAUL REECE MARR, P.C. Email: paul.marr@marrlegal.com In re EC Construction, L.L.C. Bankr. D. Nev. Case No. 26-50086 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/XLGQRVA/EC_CONSTRUCTION_LLC__nvbke-26-50086__0001.0.pdf?mcid=tGE4TAMA represented by: Stephen R. Harris, Esq. HARRIS LAW PRACTICE LLC Email: steve@harrislawreno.com In re 1512 Pacific Street LLC Bankr. E.D.N.Y. Case No. 26-40478 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/OMDMM2A/1512_Pacific_Street_LLC__nyebke-26-40478__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Moxado, Inc. Bankr. E.D.N.Y. Case No. 26-70431 Chapter 11 Petition January 29, 2026 See https://www.pacermonitor.com/view/QPG4C4Y/Moxado_Inc__nyebke-26-70431__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 1211 Pittston LLC Bankr. S.D.N.Y. Case No. 26-22095 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/JQHXK7A/1211_pittston_llc__nysbke-26-22095__0001.0.pdf?mcid=tGE4TAMA represented by: Ted Mozes, Esq. TED MOZES PLLC Email: tmozeslaw@gmail.com In re 409 Prospect LLC Bankr. S.D.N.Y. Case No. 26-22096 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/DFXKW2Y/409_PROSPECT_LLC__nysbke-26-22096__0001.0.pdf?mcid=tGE4TAMA represented by: Ted Mozes, Esq. TED MOZES PLLC Email: tmozeslaw@gmail.com In re PMA, LLC Bankr. M.D. Pa. Case No. 26-00241 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/EGQXMQA/PMA_LLC__pambke-26-00241__0001.0.pdf?mcid=tGE4TAMA represented by: Tullio DeLuca, Esq. LAW OFFICE OF TULLIO DELUCA E-mail: tullio.deluca@verizon.net In re Roe Painting Co., LLC Bankr. S.D. Tex. Case No. 26-80048 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/WLWFG7A/Roe_Painting_Co_LLC__txsbke-26-80048__0001.0.pdf?mcid=tGE4TAMA represented by: Russell Van Beustring, Esq. RUSSELL VAN BEUSTRING, P.C. Email: russell@beustring.com In re Peter Damon Group, LLC Bankr. E.D. Va. Case No. 26-10221 Chapter 11 Petition filed January 29, 2026 See https://www.pacermonitor.com/view/463AK3Y/Peter_Damon_Group_LLC__vaebke-26-10221__0001.0.pdf?mcid=tGE4TAMA represented by: Jonathan B. Vivona, Esq. VIVONA PANDURANGI, PLC Email: jvivona@vpbklaw.com In re Alisha Nicole Trent-Williams Bankr. W.D. Ark. Case No. 26-70180 Chapter 11 Petition January 30, 2026 represented by: Stanley Bond, Esq. In re JNL Investment Group, Inc. Bankr. N.D. Cal. Case No. 26-40185 Chapter 11 Petition filed January 30, 2026 See https://www.pacermonitor.com/view/X6J36IY/JNL_Investment_Group_Inc__canbke-26-40185__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Synergy Manual Physical Therapy, P.C. Bankr. D. Colo. Case No. 26-10569 Chapter 11 Petition filed January 30, 2026 See https://www.pacermonitor.com/view/TPXSPBA/Synergy_Manual_Physical_Therapy__cobke-26-10569__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Brinen, Esq. JEFFREY S. BRINEN Email: jsb@kutnerlaw.com In re T&T Foods LLC Bankr. S.D. Fla. Case No. 26-11243 Chapter 11 Petition January 30, 2026 See https://www.pacermonitor.com/view/HWF56UY/TT_Foods_LLC__flsbke-26-11243__0001.0.pdf?mcid=tGE4TAMA represented by: Mark S. Roher, Esq. LAW OFFICE OF MARK S. ROHER, P.A. Email: mroher@markroherlaw.com In re Harrison By Renzzi on the Beach Inc. Bankr. S.D. Fla. Case No. 26-11205 Chapter 11 Petition filed January 30, 2026 See https://www.pacermonitor.com/view/SW6BD3Y/HARRISON_BY_RENZZI_ON_THE_BEACH__flsbke-26-11205__0001.0.pdf?mcid=tGE4TAMA represented by: Thomas Zeichman, Esq. BEIGHLEY MYRICK UDELL LYNNE and ZEICHMAN Email: tzeichman@bmulaw.com In re KSK Transport LLC Bankr. M.D. Ga. Case No. 26-50168 Chapter 11 Petition January 30, 2026 See https://www.pacermonitor.com/view/WQAWVXQ/KSK_Transport_LLC__gambke-26-50168__0001.0.pdf?mcid=tGE4TAMA represented by: Daniel L. Wilder, Esq. EMMETT L GOODMAN JR LLC Email: bkydept@goodmanlaw.org In re Peoples Healthcare Bankr. N.D. Ga. Case No. 26-51280 Chapter 11 Petition filed January 30, 2026 See https://www.pacermonitor.com/view/3QEL6QI/Peoples_Healthcare__ganbke-26-51280__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re SJ Asset Holdings, LLC Bankr. N.D. Ga. Case No. 26-51273 Chapter 11 Petition filed January 30, 2026 See https://www.pacermonitor.com/view/E27R56Q/SJ_Asset_Holdings_LLC__ganbke-26-51273__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Zhu Elite Enterprises, Inc. Bankr. N.D. Tex. Case No. 26-40427 Chapter 11 Petition January 30, 2026 See https://www.pacermonitor.com/view/ELTP2LA/Zhu_Elite_Enterprises_Inc__txnbke-26-40427__0001.0.pdf?mcid=tGE4TAMA represented by: Richard Grant, Esq. CM LAW PLLC Email: rgrant@cm.law ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. 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