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260422.mbx T R O U B L E D C O M P A N Y R E P O R T E R Wednesday, April 22, 2026, Vol. 30, No. 112 Headlines 331 ROCKAWAY: Case Summary & Three Unsecured Creditors 331 ROCKAWAY: Seeks Chapter 11 Bankruptcy in New York 4204 111TH STREET: Seeks Chapter 7 Bankruptcy in New York 63 SPRING LAFAYETTE: U.S. Trustee Unable to Appoint Committee AA GLASS: U.S. Trustee Unable to Appoint Committee ALL COUNTY: U.S. Trustee Unable to Appoint Committee AMC ENTERTAINMENT: Subsidiary Odeon Finco Secures $425MM Term Loan APEX PAVERS: Gets Interim OK to Use Cash Collateral APPTECH PAYMENTS: Signs $1MM Convertible Note and Warrant Financing ARTISTIC HOLIDAY: Court Extends Cash Collateral Access to May 20 ASSET ROOFING: U.S. Trustee Unable to Appoint Committee BARSTOW MANAGEMENT: Katharine Clark Named Subchapter V Trustee BEASLEY BROADCAST: Pushes Tender Offer Settlement Date to Apr. 24 BEYOND AIR: Fails to Meet Nasdaq Minimum Bid Price Requirement BRAND BUGGY: Case Summary & Two Unsecured Creditors BRANDHOOT LLC: Gets Final OK to Use Cash Collateral BROWNIE'S MARINE: Reports $105,149 Net Loss in Fiscal 2025 BUTTERFLY BEACH: Case Summary & Four Unsecured Creditors CIBUS INC: Names Agribusiness Veteran Thomas Urban to Board CN HOLDINGS: Gets Interim OK to Use Cash Collateral CRUISING KITCHENS: U.S. Trustee Unable to Appoint Committee CV SCIENCES: Issues Third Note, Extends Maturity to July 2027 DARK RHIINO: Court Confirms First Amended Plan of Reorganization EMOREJ LLC: Todd Hennings Named Subchapter V Trustee ERIE KASH: Holly Miller Named Subchapter V Trustee EVCON RENTALS: Case Summary & 15 Unsecured Creditors FGB BIG TOP: Case Summary & Three Unsecured Creditors FORT DEFIANCE: Case Summary & 20 Largest Unsecured Creditors FREEDOM FOREVER: Case Summary & 20 Largest Unsecured Creditors FRIENDLY CHURCH: Voluntary Chapter 11 Case Summary G & R SYSTEMS: U.S. Trustee Unable to Appoint Committee GLOBAL ALLIANCE: Unsecureds Will Get 100% of Claims in Plan GRDN HOSPITALITY: Gets Final OK to Use Cash Collateral HAMJ INVESTMENT: Paul Schofield Named Subchapter V Trustee HAWAII BREWERY: Case Summary & Seven Unsecured Creditors HIDALGO GROUP: Aleida Martinez Molina Named Subchapter V Trustee HOLDINGS OF R.J. SEEDS: Case Summary & Three Unsecured Creditors INNOVATIVE INDUSTRIAL: Director Gary Kreitzer to Retire from Board ITREGULATORS INC: Neema Varghese Named Subchapter V Trustee JAK ENTERPRISES: Gets Interim OK to Use Cash Collateral JHRG MANUFACTURING: Gets Extension to Access Cash Collateral JOHN FITZGIBBON: Case Summary & 30 Largest Unsecured Creditors KIDS FIRST PEDIATRIC: Gets Final OK to Use Cash Collateral LEO'S TRIM: Case Summary & 20 Largest Unsecured Creditors LEXORA INC: Charles Persing Named Subchapter V Trustee LIQUID PLANET: Voluntary Chapter 11 Case Summary MCHUGH JUNK: Gets Extension to Use Cash Collateral MIAMI CITY HOMESHARES: U.S. Trustee Unable to Appoint Committee MSCI INVESTMENTS: Commences Chapter 11 Bankruptcy in Texas MULTI-COLOR CORP: Set to Emerge from Ch. 11 with $500M in Liquidity NEW FORTRESS: Advances UK Restructuring with 97% Creditor Support NOISE ENTERTAINMENT: Leon Jones Named Subchapter V Trustee NRPF GROUP: U.S. Trustee Appoints Creditors' Committee NUSSBAUM LOWINGER LLP: Case Summary & 20 Top Unsecured Creditors OCEAN BLVD: Court OKs Deal to Use Cash Collateral PANGEA RESTAURANT: Voluntary Chapter 11 Case Summary PELCO BUILDERS: Case Summary & 20 Largest Unsecured Creditors PHILIPPE ON DUNLOP: Seeks Chapter 7 Bankruptcy in New York PRIORITY TOWING: Case Summary & 20 Largest Unsecured Creditors QVC GROUP: Moves to Delist Securities Following Bankruptcy QVC GROUP: Targets 90-Day Emergence Following Chapter 11 Filing RECREATION DISCOUNT: Gets Extension to Access Cash Collateral ROSE RENTAL: Gets Final OK to Use Cash Collateral ROYALE ENERGY: Appoints Micheal McCaskey to Board of Directors SCILEX HOLDING: FY25 Loss Widens to $374MM; Faces Liquidity Strain SHADY TREE: Lisa Holder Named Subchapter V Trustee SHIELD AUTOHAUS: Seeks Chapter 11 Bankruptcy in Nevada SINKS LAND: Seeks Chapter 12 Bankruptcy in Utah SKEENA RESOURCES: Completes US$750MM Senior Secured Notes Offering SKEENA RESOURCES: Schedules Annual General Meeting for June 22 SPARHAW LLC: U.S. Trustee Unable to Appoint Committee SUPERNOVA MANAGEMENT: Case Summary & 20 Top Unsecured Creditors TEZ WINGZ: Gets Final OK to Use Cash Collateral TOBIN'S TOWING: Douglas Adelsperger Named Subchapter V Trustee TRANQUILITY FARMS: Case Summary & One Unsecured Creditor TRIPLE STICKS: Case Summary & 20 Largest Unsecured Creditors TRIVISTA OIL: Tom Howley Named Subchapter V Trustee VISIONARY PLANNING: Linda Leali Named Subchapter V Trustee WAHL TO WAHL: Gets Extension to Access Cash Collateral WGM PARTNERS: Tamara Miles Ogier Named Subchapter V Trustee XPRESSGUARDS LLC: Unsecureds to Get Share of Income for 3 Years XTM INC: Resumes Tip Program & Commences Court-Approved SISP [] Hogan Lovells and Cadwalader Approve Historic Law Firm Merger [] Province Expands ABC and Wind-Down Services with New Partners [] U.S. Foreclosure Filings Jump 26% Year-Over-Year in Q1 2026 ********* 331 ROCKAWAY: Case Summary & Three Unsecured Creditors ------------------------------------------------------ Debtor: 331 Rockaway, LLC 1015 E. 16th St Brooklyn, NY 11230-4403 Business Description: 331 Rockaway, LLC holds ownership of a vacant parcel located at 331 Rockaway Avenue in Brooklyn, New York 11212, with an estimated value of $1.5 million. Chapter 11 Petition Date: April 15, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41824 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Charles Wertman, Esq. LAW OFFICES OF CHARLES WERTMAN P.C. 100 Merrick Road Suite 304W Rockville Centre NY 11570-4807 Tel: (516) 284-0900 Email: charles@cwertmanlaw.com Estimated Assets: $1,504,100 Total Liabilities: $947,843 The petition was signed by Shlomit Hezghian as member. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VING2UA/331_ROCKAWAY_LLC__nyebke-26-41824__0001.0.pdf?mcid=tGE4TAMA 331 ROCKAWAY: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- On April 15, 2026, 331 Rockaway, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to approximately 1 to 49 creditors. A meeting of creditors filed by Office of the United States Trustee under Section 341(a) to be held on May 11, 2026 at 01:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6982178. About 331 Rockaway, LLC 331 Rockaway, LLC is a limited liability company likely engaged in real estate ownership or property management, potentially tied to a specific asset or location on Rockaway. Entities of this type are commonly used to hold and operate income-producing properties. 331 Rockaway, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41824) on April 15, 2026. In its petition, the Debtor reports estimated assets between $1,000,000 and $10,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. The Debtor is represented by Charles Wertman, Esq. of Law Offices Of Charles Wertman P.C. 4204 111TH STREET: Seeks Chapter 7 Bankruptcy in New York --------------------------------------------------------- On April 16, 2026, 4204 111th Street Queens LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to approximately 1 to 49 creditors. About 4204 111th Street Queens LLC 4204 111th Street Queens LLC is a limited liability company likely engaged in real estate ownership or property management tied to a specific address in Queens, New York. Entities of this type are commonly formed to hold and manage individual real estate assets. 4204 111th Street Queens LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41829) on April 16, 2026. In its petition, the Debtor reports estimated assets and liabilities each ranging from $100,001 to $1,000,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. 63 SPRING LAFAYETTE: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of 63 Spring Lafayette, LLC. About 63 Spring Lafayette 63 Spring Lafayette, LLC is a single-asset real estate company that owns a mixed-use property at 63 Spring Street in New York, New York, comprising residential and commercial space. 63 Spring Lafayette filed Chapter 11 petition (Bankr. D. N.J. Case No. 26-12619) on March 10, 2026, with between $10 million and $50 million in both assets and liabilities. Judge Christine M. Gravelle oversees the case. Eric H. Horn, Esq., at A.Y. Strauss, LLC, is the Debtor's legal counsel. AA GLASS: U.S. Trustee Unable to Appoint Committee -------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of AA Glass Industries, LLC. About AA Glass Industries AA Glass Industries, LLC, headquartered in Toms River, New Jersey, provides glass installation and fabrication services for commercial and residential projects. Founded in 1989, the company specializes in custom storefront systems, architectural glass, and entranceways, and also installs residential features such as shower enclosures, mirrored walls, shelving, and custom glass furniture tops. AA Glass Industries filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-12798) on March 13, 2026. In the petition signed by William Mackey, managing member, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Eamonn James O'Hagan oversees the case. Daniel Straffi, Esq., at Straffi & Straffi, LLC represents the Debtor as counsel. ALL COUNTY: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of All County Wholesale, Inc. About All County Wholesale Inc. All County Wholesale, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-12151) on February 27, 2026. In its petition, the Debtor disclosed up to $50,000 in estimated assets and up to $1 million in estimated liabilities. Judge Michael B. Kaplan oversees the case. The Debtor tapped Andrew J. Kelly, Esq., and Stephen A. Schwimmer, Esq., at The Kelly Firm, PC as legal counsel and James A. Cassella, CPA, as accountant. AMC ENTERTAINMENT: Subsidiary Odeon Finco Secures $425MM Term Loan ------------------------------------------------------------------ Zaeem Shoaib Zuberi of Bloomberg Law reports that the financing subsidiary of AMC Entertainment Holdings, Inc., Odeon Finco, has finalized a $425 million term loan backed by Deutsche Bank's New York branch. The borrower operates within Odeon Cinemas Group, AMC's European exhibition arm. The newly issued first-lien facility bears a 10.50% interest rate and matures in 2031. The terms reflect current market conditions for leveraged borrowers while extending the company's debt horizon, the report states. Loan proceeds were deployed to retire $425 million of 12.750% senior secured notes previously set to mature in 2027. This refinancing reduces interest expense and alleviates short-term refinancing pressure, according to Bloomberg. Importantly, AMC itself did not provide asset-level guarantees or pledges in connection with the transaction. The deal highlights a disciplined approach to liability management and capital optimization, the report relays. 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. AMC operates over 900 theatres with 10,000 screens globally, including over 661 theatres with 8,200 screens in the United States and over 244 theatres with approximately 2,200 screens in Europe. The Company's subsidiary also includes Carmike Cinemas, Inc. AMC was forced to close its shutter its theaters when the Covid-19 pandemic struck in March 2020. It eventually reopened its theaters but admissions remained substantially low. The world's biggest theater chain said in an October 2020 filing that liquidity will be largely depleted by the end of the year or early 2021 if attendance doesn't pick up, and it's exploring actions that include asset sales and joint ventures. However, AMC managed to raise $1.8 billion in 2021, capitalizing on the rally triggered by retail investors' interest in meme stocks. * * * In February 2024, S&P Global Ratings raised its issuer credit rating to 'CCC+' from 'SD' (selective default) on AMC Entertainment Holdings Inc., the world's largest motion picture exhibitor. S&P also raised its issue-level rating on the second-lien notes to 'CCC-' from 'D'. The negative outlook reflects S&P's expectation that AMC's revenue will decline 8%-9% in 2024 due to a limited theatrical release slate, resulting in negative free operating cash flow (FOCF) and leverage around 8x. AMC completed a series of distressed exchanges to swap an aggregate $123 million of its second-lien notes due 2026 for common equity. APEX PAVERS: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, issued an interim order authorizing Apex Pavers, Inc. to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to pay court-approved expenses, U.S. Trustee quarterly fees, and necessary operating expenses outlined in the budget, with flexibility of up to 10% per line item. This authorization remains in effect until further order of the court. As adequate protection, secured creditors will receive a perfected post-petition lien against cash collateral to the same extent and with the same validity and priority as the prepetition lien, without the need to file or execute any document as may otherwise be required under applicable non bankruptcy law. A further hearing is scheduled for June 10. The order is available at https://urlcurt.com/u?l=JYy8qK PacerMonitor.com. About Apex Pavers Inc. Apex Pavers, Inc. is a Stuart, Florida-based company that installs and renovates pools and designs and installs paver driveways, patios and walkways. The company maintains a showroom and uses an in-house team for design, construction and project execution, serving residential and commercial clients across South Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-13373) on March 19, 2026. In the petition signed by Ryan Paul Figman, president, the Debtor disclosed $5,182,607 in total assets and $4,665,033 in total liabilities. Judge Erik P. Kimball oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC, represents the Debtor as legal counsel. APPTECH PAYMENTS: Signs $1MM Convertible Note and Warrant Financing ------------------------------------------------------------------- AppTech Payments Corp. disclosed in a regulatory filing that it entered into Securities Purchase Agreements with each of LendSpark Corporation and Manetto Hill Fund Series I, LLC, pursuant to which each Investor agreed to purchase, and the Company agreed to issue and sell to such Investor, an 18% promissory note in the principal amount of $500,000 for a purchase price of $475,000 per Note (reflecting an original issue discount of $25,000 per Note). Each Investor also received a common stock purchase warrant to purchase 500,000 shares of the Company's common stock, par value $0.001 per share. The Notes and Warrants were issued in a private placement transaction. The Note was issued on April 3, 2026 with a principal amount of $500,000, which includes an original issue discount of $25,000. The purchase price paid by the Investor for the Note was $475,000, subject to certain transaction expense deductions. The Note bears interest at a rate of 18% per annum, and matures 14 months from the issue date. The Note provides for amortization payments in cash, beginning May 4, 2026, with scheduled payments continuing through the Maturity Date. The Note is convertible, at the Investor's option and subject to certain limitations, into shares of the Company's common stock at a fixed conversion price of $2.00 per share, subject to adjustment as provided in the Note. The Note contains a beneficial ownership limitation of 4.99% (which limits the extent to which the Investor may convert the Note if such conversion would cause the Investor and its attribution parties to beneficially own more than 4.99% of the Company's outstanding common stock). The Note contains customary events of default, including, among others, failure to pay amounts when due (subject to cure periods), failure to timely deliver shares upon conversion, breaches of covenants, and certain insolvency events. Upon an event of default, amounts outstanding under the Note may become immediately due and payable and the Investor may be entitled to receive an amount equal to 125% of the outstanding principal and accrued interest (including default interest), as provided in the Note, and may have the right to convert amounts due at alternative pricing terms set forth in the Note. In connection with the Purchase Agreement, the Company also issued the Warrant to the Investor. The Warrant is exercisable for up to 500,000 shares of Common Stock at an initial exercise price of $1.00 per share, subject to adjustment as provided in the Warrant, and expires five years from the issuance date. The Warrant includes, among other things: (i) a 4.99% beneficial ownership limitation (ii) provisions for cashless exercise in certain circumstances, and (iii) customary anti-dilution protections, including adjustments in the event of dilutive issuances and stock splits or similar events, in each case as set forth in the Warrant. In connection with the transactions contemplated by the Purchase Agreements, Infinitus Pay Inc., a wholly-owned subsidiary of the Company, entered into a guaranty agreement in favor of the Investors, pursuant to which Infinitus guaranteed the Company's obligations under the Notes upon the occurrence of an event of default, and granted the Investors a security interest in certain collateral as set forth in the Guaranty. In connection with the transactions, the Company agreed to pay certain fees and expenses, including fees payable to HCC Securities Group, Inc., a registered broker-dealer, as placement agent. Full text copies of the Purchase Agreements, the Notes, the Warrants and the Guaranty are available at https://tinyurl.com/ycayx47f, https://tinyurl.com/425fdr94, https://tinyurl.com/sketwch2, and https://tinyurl.com/hwdduj7w, respectively. About AppTech Payments Corp. Headquartered in Carlsbad, Calif., AppTech Payments Corp. -- www.apptechcorp.com -- provides digital financial services for financial institutions, corporations, small and midsized enterprises, and consumers through the Company's scalable cloud-based platform architecture and infrastructure, coupled with its Specialty Payments development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. San Diego, California-based dbbmckennon, the Company's auditor since 2014, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and cash used in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $9.4 million in total assets, $7.5 million in total liabilities, and total stockholders' equity of $1.9 million. ARTISTIC HOLIDAY: Court Extends Cash Collateral Access to May 20 ---------------------------------------------------------------- Artistic Holiday Designs, LLC and Holiday Creations Pro, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. The court issued its ninth interim order authorizing the Debtors to use cash collateral to pay ordinary business expenses as set forth in their budget, subject to a 10% variance per line item. This authorization remains in effect until the next hearing set for May 20. MEP Capital Holdings III, L.P. asserts interest in the cash collateral, which consists of cash and cash equivalents generated by the Debtors' operations or from the disposition of the lien claimant's pre-bankruptcy collateral. As protection, MEP and other lien claimants including B Squared, Inc., Melissa and Doug, LLC, and the U.S. Small Business Administration will be granted a replacement lien on the Debtors' post-petition assets, with the same validity and priority as their pre-bankruptcy liens. As additional protection, MEP will be granted a superpriority administrative expense claim in case of any diminution in the value of its collateral. MEP asserts approximately $5.686 million in debt under a senior secured loan agreement dated June 15, 2022, with claimed first-priority liens on substantially all assets of the Debtors. Other lien claimants include B Squared, Inc., Melissa and Doug, LLC, and the U.S. Small Business Administration, creating a complex multi-creditor secured debt structure typical of seasonal retail businesses requiring diverse financing sources. The order is available at https://is.gd/MEyxQU from PacerMonitor.com. About Artistic Holiday Designs Artistic Holiday Designs, LLC filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-00153) on January 29, 2025. listing up to $10 million in assets and up to $50 million in liabilities. Derek Norwood, managing member, signed the petition. Judge Caryl E. Delano oversees the case. Michael Dal Lago, Esq., at Dal Lago Law, represents the Debtor as legal counsel. MEP Capital Holdings III, L.P., as secured creditor, is represented by: Luis E. Rivera II, Esq. GrayRobinson, P.A. 1404 Dean Street, Suite 300 Fort Myers, Florida 33901 Phone: 239.254.8460 luis.rivera@gray-robinson.com ASSET ROOFING: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 18 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Asset Roofing Company, LLC. About Asset Roofing Company LLC Asset Roofing Company, LLC, doing business as Asset Roofing and Gutters, installs, repairs, replaces, and maintains roofs for residential, commercial, and multi-family properties in Snohomish, Washington, and nearby areas in Washington state. It also provides gutter installation, roof and attic inspections, roof certification services, and maintenance plans for landlords and property managers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 26-00489) on March 19, 2026. In the petition signed by Anthony Langdon, chief executive officer, the Debtor disclosed $313,384 in total assets and $4,385,280 in total liabilities. Judge Whitman L. Holt oversees the case. Jason Wax, Esq., at Bush Kornfeld, LLP, represents the Debtor as legal counsel. BARSTOW MANAGEMENT: Katharine Clark Named Subchapter V Trustee -------------------------------------------------------------- The U.S. Trustee for Region 6 appointed Katharine Battaia Clark of Thompson Coburn, LLP as Subchapter V trustee for Barstow Management LLC. Ms. Clark will be paid an hourly fee of $575 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Clark declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Katharine Battaia Clark Thompson Coburn, LLP 2100 Ross Avenue, Ste. 3200 Dallas, TX 75201 Office: 972-629-7100 Mobile: 214-557-9180 Fax: 972-629-7171 Email: kclark@thompsoncoburn.com About Barstow Management LLC Barstow Management, LLC, a company in Dallas, Texas, provides real estate management and property-related services in Dallas, Texas, and is associated with residential property ownership and transactions connected to the Robinson Family Real Estate Holdings group. Barstow Management sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-40952) on March 2, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Michael Robinson as owner, signed the petition. Judge Edward L Morris oversees the case. Joyce W. Lindauer Attorney, PLLC serves as the Debtor's legal counsel. BEASLEY BROADCAST: Pushes Tender Offer Settlement Date to Apr. 24 ----------------------------------------------------------------- Beasley Broadcast Group, Inc., a multi-platform media company, announced that the Early Second Lien Tender Date, the Exchange Offer Withdrawal Deadline, the Tender Offer Expiration Date, the First Lien Consent Solicitation Expiration Date and the Exchange Offer Expiration Date, in connection with the previously announced exchange offer, tender offer and solicitation of consents related to proposed amendments to the indenture governing the Issuer's 11.000% Senior Secured First Lien Notes due 2028 or the indenture governing the Issuer's 9.200% Senior Secured Second Lien Notes due 2028, as applicable, by its wholly owned subsidiary, Beasley Mezzanine Holdings, LLC, have been extended to 5:00 P.M., New York City time, on April 22, 2026, unless further extended. The Tender Offer Settlement Date and the Exchange Offer Settlement Date have been extended to April 24, 2026, unless further extended. As of the Early First Lien Tender Date, 100% of the Existing First Lien Notes had been tendered, and the Company accordingly accepted $15,899,000 in aggregate principal amount of such tenders in accordance with the terms of the Tender Offer. On March 30, 2026, the Company completed the purchase of $15,899,000 in aggregate principal amount of the Existing First Lien Notes pursuant to the Tender Offer. As of 5:00 P.M. on April 15, 2026, approximately 98% of the aggregate principal amount of the Existing Second Lien Notes have validly tendered in the Exchange Offer and provided consents to the proposed amendments to the Existing Second Lien Notes Indenture. Full details of the terms and conditions of the Offers are described in the Confidential Offer Memorandum Solicitation Statement, dated as of March 20, 2026 and as supplemented by: (i) that certain Supplement to the Exchange Offer Memorandum, dated as of April 1, 2026, (ii) that certain Supplement No. 2 to the Exchange Offer Memorandum, dated as of April 9, 2026 and (iii) that certain Supplement No. 3 to the Exchange Offer Memorandum, dated as of April 15, 2026. The Offers are only being made pursuant to, and the information in this press release is qualified in its entirety by reference to, the Exchange Offer Memorandum and the Supplements, which are being made available to holders of the Existing Notes. Existing noteholders of the Existing Notes are encouraged to read the Exchange Offer Memorandum and the Supplements, as they contain important information regarding the Offers and the Consent Solicitations. This press release is neither an offer to purchase nor a solicitation of an offer to purchase any Existing Notes or the Issuer's new 10.000% Senior Secured Second Lien PIK Notes due 2027 in the Offers. Requests for the Exchange Offer Memorandum, the Supplements and other documents relating to the Offers may be directed to D.F. King & Co., Inc., the exchange agent and information agent for the Offers, toll free at (800) 967-7574 or via email at beasley@dfking.com. None of the Company, any of its subsidiaries or affiliates, or any of their respective officers, boards of directors, members or managers, the exchange agent and information agent, the trustees of the Existing Notes or the 2027 PIK Notes or the collateral agents of the Existing Notes or the 2027 PIK Notes is making any recommendation as to whether existing noteholders should tender any Existing Notes in response to the Offers or Consent Solicitations, and no one has been authorized by any of them to make such a recommendation. The Offers are not being made to existing noteholders of the Existing Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Offers are required to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of the Company and the Issuer by one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. The 2027 PIK Notes have not been and will not be registered under the federal securities laws or the securities laws of any state or any other jurisdiction. The Company is not required to register the 2027 PIK Notes for resale under the U.S. Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and is not required to exchange the Existing Second Lien Notes for notes registered under the Securities Act or the securities laws of any other jurisdiction and has no present intention to do so. The offering is being made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act, only to persons reasonably believed to be qualified institutional buyers (as defined in Rule 144A under the Securities Act) and outside the United States to non-U.S. persons (as defined in Regulation S under the Securities Act). The Company refers to the holders of Existing Notes who have certified that they are eligible to participate in the Offers and Consent Solicitations pursuant to at least one of the foregoing conditions as "Eligible Holders." Only Eligible Holders are authorized to participate in the Offers and Consent Solicitations. About Beasley Naples, Florida-based Beasley Broadcast Group, Inc. was founded in 1961 and owns 61 AM and FM stations in 14 large- and mid-size markets in the United States. Beasley reaches approximately 29 million unique consumers weekly over the air, online, and on smartphones and tablets, and millions regularly engage with the Company's brands and personalities through digital platforms such as Facebook, Twitter, text, apps, and email. * * * The Troubled Company Reporter reported on Sept. 30, 2024, that S&P Global Ratings withdrew all of its ratings on Beasley Broadcast Group Inc., including the 'CC' issuer credit rating, at the issuer's request. At the time of the withdrawal, S&P outlook on the company was negative. BEYOND AIR: Fails to Meet Nasdaq Minimum Bid Price Requirement -------------------------------------------------------------- Beyond Air, Inc. disclosed in a regulatory filing that it received a written notification from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that it no longer satisfies the $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the continued listing minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's common stock, par value $0.0001 per share, for the 30 consecutive business days from February 23 to April 6, 2026, the Company no longer satisfies the Bid Price Rule. While companies are typically afforded a 180-calendar day compliance period to comply with the Bid Price Rule, the Notice stated that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company effected a reverse stock split over the prior one-year period. The Company effected a 1-for-20 reverse stock split on July 14, 2025. The Notice stated that the Company's securities will be subject to delisting from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel. Accordingly, the Company intends to timely request a hearing before the Panel, and at which point, such timely request will automatically stay any further suspension or delisting action by Nasdaq pending the Panel's decision. During the appeal process with the Panel, the Common Stock will continue to be listed and trade on Nasdaq. However, there can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to regain compliance and thereafter maintain its listing on Nasdaq. The Company intends to actively monitor the bid price of its Common Stock and is considering available options to regain compliance with the Nasdaq listing requirements, including such actions as effecting a reverse stock split to maintain its Nasdaq listing. About Beyond Air Headquartered in Garden City, N.Y., Beyond Air, Inc. -- www.beyondair.net -- is a commercial-stage medical device and biopharmaceutical company developing a platform of nitric oxide generators and delivery systems (the "LungFit platform") capable of generating NO from ambient air. The Company's first device, LungFitPH, received premarket approval from the FDA in June 2022. The NO generated by the LungFit PH system is indicated to improve oxygenation and reduce the need for extracorporeal membrane oxygenation in term and near term (34 weeks gestation) neonates with hypoxic respiratory failure associated with clinical or echocardiographic evidence of pulmonary hypertension in conjunction with ventilatory support and other appropriate agents. East Hanover, New Jersey-based Marcum LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated June 20, 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 suffered recurring losses from operations, has experienced negative cash flows from operating activities since inception, and has an accumulated deficit, that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $36.8 million in total assets, against $28.5 million in total liabilities. BRAND BUGGY: Case Summary & Two Unsecured Creditors --------------------------------------------------- Debtor: Brand Buggy, LLC d/b/a Genesis Recycling d/b/a Somerset Auto Repair c/o Patrick Flandrick 1920 State Rd 35 Somerset, WI 54025 Business Description: Brand Buggy, LLC, doing business as Genesis Recycling and Somerset Auto Repair, is a Somerset, Wisconsin-based company engaged in automotive repair and vehicle recycling activities, including salvage and scrap vehicle handling operations. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Eastern District of Wisconsin Case No.: 26-10835 Judge: Hon. Catherine J Furay Debtor's Counsel: Evan M. Swenson, Esq. SWENSON LAW GROUP, LLC 118 E. Grand Avenue Eau Claire, WI 54701 Tel: 715-835-7779 Fax: 715-835-2573 Email: evan@swensonlawgroup.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Patrick Flandrick as managing member. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PZA3RNA/Brand_Buggy_LLC__wiwbke-26-10835__0001.0.pdf?mcid=tGE4TAMA BRANDHOOT LLC: Gets Final OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the District of Minnesota entered a final order allowing Brandhoot, LLC to final use cash collateral. Under the final order, the Debtor is authorized to use cash collateral in accordance with its approved budget through June 30, ensuring continued funding for operations during the bankruptcy process. As adequate protection, the U.S. Small Business Administration will be granted replacement liens on the Debtor's post-petition assets, maintaining the same validity, priority, and effect as its pre-petition liens. The replacement liens do not extend to avoidance actions or related proceeds under Chapter 5 of the Bankruptcy Code. Additionally, the Debtor must make monthly payments of $858 to the SBA, which will be applied solely toward reducing the principal balance of the debt. The final order is available at https://is.gd/gNKWoH from PacerMonitor.com. About Brandhoot LLC BrandHoot, LLC is a Rochester, Minnesota-based web design and mobile app development firm that provides digital strategy, UI/UX design, and custom software solutions. It develops and operates technology products, including Easy Board, a board management software platform. BrandHoot also maintains affiliated retail operations through New Spin Bicycle Shop, which sells bicycles and related goods under a separate trade name. Brandhoot, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Minn. Case No. 25-33565) on November 7, 2025, listing between $500,001 and $1 million in assets and between $500,001 and $1 million in liabilities. Judge Mychal A. Bruggeman presides over the case. Jeffrey H. Butwinick, Esq., represents the Debtor as legal counsel. BROWNIE'S MARINE: Reports $105,149 Net Loss in Fiscal 2025 ---------------------------------------------------------- Brownie's Marine Group, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K, reporting a net loss of $105,149 for the year ended December 31, 2025, compared to a net loss of $240,599 for the year ended December 31, 2024. Total net revenues for the year ended December 31, 2025, was $7,516,687 compared to $8,169,669 in the prior period. Las Vegas, Nevada-based Bush and Associates CPA LLC , the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 10, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the net loss of approximately $105,149 and cash used in operating activities of approximately $109,794 for the year ended December 31, 2025, as well as an accumulated deficit of approximately $18,031,358 as of December 31, 2025. These factors raise substantial doubt about the Company's ability to continue as a going concern. If the Company is unable to raise additional funds when needed, or does not have sufficient cash flows from sales, it may be required to scale back, delay or cease operations, liquidate assets and possibly seek bankruptcy protection. The Company's ability to continue as a going concern is dependent upon the Company's ability to continue to increase revenues, control expenses, raise capital, and to continue to sustain adequate working capital to finance its operations. The failure to achieve the necessary levels of profitability and cash flows would be detrimental to the Company. The Company said, "We are continuing to engage in discussions with potential sources for additional capital, however, our ability to raise capital is somewhat limited based upon our revenue levels, net losses and limited market for our common stock. If we fail to raise additional funds when needed, or if we do not have sufficient cash flows from operations, we may be required to scale back or cease certain of our operations." A full text copy of the Company's Form 10-K is available at https://tinyurl.com/dnr7tc82 About Brownie's Marine Pompano Beach, Fla.-based Brownie's Marine Group, Inc., through its wholly owned subsidiaries, designs, tests, manufactures and distributes tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus air compressor and nitrox generation fill systems and acts as the exclusive distributor in North and South America for Lenhardt & Wagner GmbH compressors in the high-pressure breathing air and industrial gas markets. The Company is also the exclusive United States and Caribbean distributor for Chrysalis Trading CC, a South African manufacturer of fitness and dive equipment, which is doing business as Bright Weights, of a dive ballast system produced in South Africa. As of December 31, 2025, the Company had $5,221,366 in total assets, $3,287,094 in total liabilities, and $1,934,272 in total stockholders' equity. BUTTERFLY BEACH: Case Summary & Four Unsecured Creditors -------------------------------------------------------- Debtor: Butterfly Beach House, LLC One Pennsylvania Plaza, Suite 3335 New York NY 10119 Business Description: Butterfly Beach House, LLC is a Connecticut limited liability company formed in February 2022 to hold title to real property in Norwalk, Connecticut. The company has no significant assets other than that property. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-10862 Judge: Hon. Michael E Wiles Debtor's Counsel: Brian F. Moore, Esq. TOGUT, SEGAL & SEGAL LLP One Pennsylvania Plaza Suite 3335 New York NY 10119 Tel: (212) 594-5000 Email: bmoore@teamtogut.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Albert Togut solely in his capacity as Plan Administrator of the estate of Peggy Nestor, which, through that role, serves as managing member of Butterfly Beach House, LLC. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D2HSMHQ/Butterfly_Beach_House_LLC__nysbke-26-10862__0001.0.pdf?mcid=tGE4TAMA CIBUS INC: Names Agribusiness Veteran Thomas Urban to Board ----------------------------------------------------------- Cibus, Inc. disclosed in a regulatory filing that the Board of Directors appointed Thomas Urban to serve as a member of the Board, effective as of such date. Mr. Urban, 61, is the founder of Agribusiness Advisors, a firm he formed in 2013 focused on providing advisory, investment and entrepreneur support to early-stage companies focused on agriculture. Prior to forming Agribusiness Advisors, Mr. Urban was the chief executive officer of CellFor, Inc. from 2004 to 2012 when it was acquired by ArborGen, served in various leadership positions around the world from 1990 to 2002 with Pioneer Hi-Bred International, including after its acquisition by E.I. DuPont de Nemours in 1999, and began his career in mergers and acquisitions at Goldman, Sachs & Co. in 1988. Mr. Urban has also served as an entrepreneur in residence at the University of British Columbia since 2013. Mr. Urban received his undergraduate degree from Middlebury College and holds a Master of Business Administration from the Harvard Graduate School of Business. There are no arrangements or understandings between Mr. Urban and any other persons pursuant to which Mr. Urban was named as a director of the Board. Mr. Urban has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K. In accordance with the Company's customary practice, the Company entered into its standard form of indemnification agreement for directors and executive officers with Mr. Urban in connection with his election to the Board. Pursuant to the Company's Non-Employee Director Compensation Policy, the Board agreed to provide Mr. Urban with annual compensation comprising: (i) a cash retainer equal to $60,000, payable semi-annually, and (ii) subject to Board approval and granting pursuant to the terms and provisions of the Cibus, Inc. 2017 Omnibus Incentive Plan, as amended, equity compensation with a grant date value equal to $90,000. Such annual compensation will be prorated for Mr. Urban's service through the upcoming annual meeting of the Company's shareholders. About Cibus Cibus Inc. is an agricultural biotechnology company based in San Diego, California. It develops genetic traits for major food crops using its proprietary gene-editing platform, the Rapid Trait Development System. The Company's technology aims to improve crop productivity and resilience by addressing challenges such as pests, diseases, and environmental stressors. San Diego, Calif.-based BDO USA, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 17, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025. The report highlights that the Company has suffered recurring losses from operations and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $305 million in total assets and $283.2 million in total liabilities, and total stockholders' equity of $21.8 million. CN HOLDINGS: Gets Interim OK to Use Cash Collateral --------------------------------------------------- The U.S. Bankruptcy Court for the District of Utah entered an interim order authorizing CN Holdings, LLC to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral, including proceeds from inventory sales, to continue operating the business. The order specifically provides that the Debtor will be considered in compliance so long as inventory-related expenses across all stores do not exceed $83,336.02 per week. The cash collateral is subject to liens held by the U.S. Small Business Administration, Amur Equipment Finance, Inc., Great America Financial Services Corporation (doing business as IRH Capital), and an unidentified creditor through CT Corp. Systems. As adequate protection for the lienholders, the court granted them replacement liens on newly acquired inventory, accounts receivable, and related proceeds to the extent of any decline in the value of their collateral. These replacement liens carry the same validity, extent, and priority as the lienholders' pre-petition liens. The order preserves the rights of parties to later challenge the validity, amount, or priority of any claimed security interests. CN Holdings filed for Chapter 11 Subchapter V bankruptcy, intending to restructure by selling unprofitable locations and maintaining core profitable locations with the support of the franchisor, thereby preserving jobs, maximizing asset value, and preventing uneconomic liquidation. About CN Holdings LLC CN Holdings, LLC, doing business as Firehouse Subs of SE Idaho and Utah, operates Firehouse Subs restaurants as a franchisee, a fast-casual chain specializing in submarine sandwiches that serves hot subs prepared with meats and cheeses across North America. The company was formed through the merger of 2C Inferno LLC, 4C&N, LLC, and Ignacious Endeavors, LLC on Jan. 23, 2026. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 26-21555) on March 23, 2026, with $0 to $50,000 in assets and $1 million to $10 million in liabilities. Christopher Morris, manager, signed the petition. Judge Michael F. Thomson presides over the case. Brian M. Rothschild, Esq. at PARSONS BEHLE & LATIMER represents the Debtor as legal counsel. CRUISING KITCHENS: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------------- The U.S. Trustee for Region 7 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Cruising Kitchens, LLC. About Cruising Kitchens LLC Cruising Kitchens, LLC is a San Antonio-based manufacturer of custom food trucks and trailers. Cruisng Kitchens sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 26-50001) on Jan. 2, 2026. In its petition, the Debtor reported $3.4 million in assets and $14.7 million in liabilities. Honorable Bankruptcy Judge Michael M. Parker handles the case. The Debtor is represented by Ronald J. Smeberg, Esq., at Smeberg Law Firm, PLLC. CV SCIENCES: Issues Third Note, Extends Maturity to July 2027 ------------------------------------------------------------- CV Sciences Inc. disclosed updates regarding its secured promissory notes and related financing arrangements with an institutional investor. As previously disclosed, on February 12, 2025, the Company entered into a note purchase agreement with an institutional investor, pursuant to which the Company issued and sold to the Investor a secured promissory note in the original principal amount of $1,600,000. The Original Purchase Agreement and Original Note was amended on September 12, 2025. On October 6, 2025, the Company entered into a Second Purchase Agreement with the Investor, pursuant to which the Company issued and sold to the Investor a second secured promissory note in the original principal amount of $600,000. On March 4, 2026, the Company and the Investor entered into an agreement to, among other things, amend and restate the Notes, pursuant to which the outstanding balance of the Amended Notes may be converted into shares of common stock of the Company at a fixed conversion price of $0.06 per share. If, after the sale of the conversion shares received upon a conversion, the Investor receives net proceeds (net of brokerage, legal opinion fees, and transfer agent fees) of less than 100% of the principal amount of the Amended Notes so converted, and the aggregate shortfall under both Amended Notes exceeds $94,000, the Company will issue a new senior secured convertible note on substantially the same terms and conditions of the Amended Notes with a principal amount equal to the aggregate shortfall in excess of $94,000. Any Third Note so issued will be due April 6, 2027. On April 6, 2026, the Company issued the Investor a Third Note with a principal amount of $99,614.04. On April 9, 2026, the Company and the Investor entered into an agreement to amend the Notes to implement a new fixed conversion price equal to $0.03 per share. The April Amendment also extended the maturity date of the Third Note to July 6, 2027. Finally, the April Amendment amended the Third Note to implement a new fixed conversion price equal to the lesser of: (i) $0.03 per share and (ii) the closing price of the Common Stock on the day prior to the date of the original issuance of the Third Note. As the closing price of Common Stock on the day prior to the date of the original issuance of the Third Note was $0.04, the conversion price of the Third Note has been fixed at $0.03. Full text copies of the April Amendment and the Third Note are available at https://tinyurl.com/mp6w4349 and https://tinyurl.com/2wydysp4. About CV Sciences CV Sciences Inc., based in San Diego, California, develops and sells hemp extract and other natural ingredient products through business-to-business and direct-to-consumer channels in the United States. The Company markets its products under the +PlusCBD brand, which is distributed at retail locations nationwide. CV Sciences manufactures and tests its products in line with regulatory and internal standards, and its +PlusCBD brand has obtained self-affirmed GRAS status. Irvine, California-based Haskell & White LLP, the Company's auditor since 2021, issued a "going concern" qualification in its report dated March 26, 2026, citing that Company has experienced recurring operating losses, negative cash flows from operations, and has limited liquid resources. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $7 million in total assets and $5.5 million in total liabilities, and total stockholders' equity of $1.5 million. DARK RHIINO: Court Confirms First Amended Plan of Reorganization ---------------------------------------------------------------- Judge Tiffany Strelow Cobb of the U.S. Bankruptcy Court for the Southern District of Ohio confirmed Dark Rhiino Security, Inc.'s First Amended Plan of Reorganization. The Debtor has four shareholders. Two of the shareholders are current employees: Manoj Tandon, the Debtor's Chief Executive Officer, and Robert T. Smith, its Chief Technology Officer and President. The other two shareholders were prior employees of the Debtor: Kevin Casey, the former CEO, and Anna Day. This case centers around what has been described as a "toxic business divorce." When this case began, the Debtor asserted that, in addition to the COVID-19 pandemic, its financial hardship was due to the alleged mismanagement and misconduct of Mr. Casey, whom the Debtor further alleges misappropriated company funds for personal and lifestyle expenses; incurred debt without shareholder consent; concealed a romantic relationship with, and made certain payments to, an employee; and hid from the other shareholders certain lawsuits filed against the Debtor. The Debtor explained that these allegations precipitated its termination of Mr. Casey in February 2024, prior to the time the Debtor commenced its bankruptcy case. These allegations remain punctuated by the Debtor in its proposed Plan. The Proposed Plan With the parties' disputes unresolved despite such good faith efforts, the Debtor's proposed Plan is a toggle plan, the treatment thereunder dependent upon the outcome of future, Casey/Day Litigation, which the Debtor explains in its Plan would object to the claims of Mr. Casey and Ms. Day; seek subordination of such claims; and seek recovery on claims against them, with offset as appropriate. The Plan proposes to pay non-priority, unsecured claims (Class 3) the Debtor's projected disposable income over three years in the total amount of $241,310.00, which the Plan explains translates to between approximately 11.7% and 16.1% of Class 3 claims, depending upon the outcome of the Casey/Day Litigation. To the extent that the Casey/Day Litigation generates net proceeds, such net proceeds would also be paid to the claimants in this class; on the flip side, to the extent such litigation instead results in allowed claims of Casey and/or Day, the Plan also proposes to reserve sufficient funds to pay them as allowed, Class 3 claimants. Separately, the Plan further provides treatment in Class 5 of shareholder interests as follows: All shareholders will retain the value of their shares. Mr. Smith and Mr. Tandon will retain their interests in the Debtor. Under principles of equitable subordination, the Debtor will acquire the interests of Mr. Casey and Ms. Day by paying to each shareholder the difference between (a) the value of that shareholder's shares as determined by a professional valuation analyst or as agreed to by the parties minus (b) the amount of any judgment obtained against that shareholder in the Casey/Day Litigation or the amount of liability agreed to by the parties. Any payments due under this Class 5 will be made over 60 months in quarter annual installments beginning in the quarter following the completion of payments to Class 3 creditors above. In the event the Debtor collects on any judgment in excess of the value of shares, i.e., (b) above exceeds (a) above, the excess will be distributed to Class 3 creditors. Remaining Objection to Confirmation Mr. Casey initially objected to confirmation of the Plan on several grounds, which can be summarized as follows: 1) a five-year payment period rather than a three-year period should be used for all unsecured claims; 2) the Plan fails to articulate how reserves to potentially pay later allowed Mr. Casey claims are held and thus may be subject to existing or future liens; 3) the Plan is unclear as to whether Mr. Casey's defenses he may raise in a future adversary proceeding are retained; and 4) Mr. Casey's equity interest should remain in place absent further order of the Court and should not be valued by an appraiser chosen by Debtor. The Plan is non-consensual because impaired classes have not accepted it. The Court finds the Plan meets the applicable requirements of the Bankruptcy Code. A settlement between the Debtor and Ms. Day was announced at the confirmation hearing held on February 2, 2026, resulting in her withdrawal of her objection to the Plan, and the objections of Mr. Casey not otherwise resolved by agreement on the record are overruled. A copy of the Court's Memorandum Opinion dated April 13, 2026, is available at http://urlcurt.com/u?l=Penlngfrom PacerMonitor.com. About Dark Rhiino Security Dark Rhiino Security, Inc., is a managed security service provider ("MSSP") which provides managed cyber security services, technology and training to mid-size businesses. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. S.D. Ohio Case No. 24-54658) on Nov. 15, 2024, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Robert T. Smith, Dark Rhiino's chief technology officer, signed the petition. Judge John E. Hoffman, Jr. oversees the case. John W. Kennedy, Esq., at Strip Hoppers Leithart McGrath & Terlecky Co., LPA, is the Debtor's legal counsel. EMOREJ LLC: Todd Hennings Named Subchapter V Trustee ---------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Todd Hennings, Esq., at Macey, Wilensky & Hennings, LLP as Subchapter V trustee for EMOREJ, LLC. Mr. Hennings will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Hennings declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Todd E. Hennings, Esq. Macey, Wilensky & Hennings, LLP 5500 Interstate North Parkway, Suite 435 Sandy Springs, GA 30328 Phone: (404) 584-1222 Email: info@joneswalden.com About EMOREJ LLC EMOREJ, LLC is a limited liability company with reported assets in the range of $0 to $100,000 and liabilities between $1 million and $10 million, reflecting significant financial distress relative to its asset base. EMOREJ, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-54577) on April 6, 2026. In its petition, the debtor reported estimated assets of $0 to $100,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Lisa Ritchey Craig is handling the case. The Debtor is represented by Michael D. Robl, Esq., of Robl & Bowen LLC. ERIE KASH: Holly Miller Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Holly Miller, Esq., at Gellert Scali Busenkell & Brown, LLC as Subchapter V trustee for Erie Kash Out Properties, LLC. Ms. Miller will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Miller declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Holly S. Miller, Esq. Gellert Scali Busenkell & Brown, LLC 1628 John F. Kennedy Boulevard, Suite 1901 Philadelphia, PA 19103 Telephone: (215) 238-0012 Facsimile: (215) 238-0016 Email: hsmiller@gsbblaw.com About Erie Kash Out Properties LLC Erie Kash Out Properties, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-11440) on April 06, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Ashely M. Chan presides over the case. Demetrius J. Parrish, Esq. at The Law Offices Of Demetrius J. Parrish represents the Debtor as legal counsel. EVCON RENTALS: Case Summary & 15 Unsecured Creditors ---------------------------------------------------- Debtor: Evcon Rentals, Corporation 101 Airway Drive Hot Springs, AR 71913 Business Description: Evcon Rentals, Corporation is a Hot Springs, Arkansas-based equipment rental company that rents industrial, construction, and lawn and garden equipment. It serves contractors and DIY customers and offers delivery and pick-up services. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court Western District of Arkansas Case No.: 26-70738 Judge: Hon. Richard D Taylor Debtor's Counsel: Marc Honey, Esq. HONEY LAW FIRM, P.A. PO Box 1254 1311 Central Avenue Hot Springs, AR 71902 Tel: (501) 321-1007 Fax: (877) 697-1777 Email: mhoney@honeylawfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Michael Evans as president. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/H4XV45I/Evcon_Rentals_Corporation__arwbke-26-70738__0001.0.pdf?mcid=tGE4TAMA FGB BIG TOP: Case Summary & Three Unsecured Creditors ----------------------------------------------------- Debtor: FGB Big Top, LLC 900 South Main Street Las Vegas, NV 89101 Business Description: FGB Big Top, LLC, based in Las Vegas, Nevada, operates food and beverage services within hospitality and entertainment venues. The company is part of the Feel Good Brands corporate structure and functions as an operating entity within a group that includes multiple restaurant-related businesses. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court District of Nevada Case No.: 26-12403 Judge: Hon. Natalie M Cox Debtor's Counsel: Ryan A. Andersen, Esq. ANDERSEN BEEDED WEISENMILLER 3199 E Warm Springs Road Suite 400 Las Vegas, NV 89120 Tel: (702) 522-1992 Fax: (702) 825-2824 Email: ryan@abwfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Wm. Lincoln Spoor as managing member. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FKNHXJQ/FGB_BIG_TOP_LLC__nvbke-26-12403__0001.0.pdf?mcid=tGE4TAMA FORT DEFIANCE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Fort Defiance Housing Corporation Sandstone Housing Corp. 8500 Menaul Blvd. NE, Suite A420 Albuquerque NM 87112 Business Description: Fort Defiance Housing Corporation, doing business as Sandstone Housing Corp., is an Albuquerque, New Mexico-based nonprofit housing organization that owns, manages and operates affordable housing projects on the Navajo Nation in Arizona and New Mexico. Organized in the late 1960s, it serves low- and moderate-income families and works with HUD, USDA and NAHASDA programs. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-03754 Judge: Hon. Paul Sala Debtor's Counsel: Frederick J. Petersen, Esq. MESCH CLARK ROTHSCHILD 259 N. Meyer Ave. Tucson AZ 85701 Tel: 520-624-8886 Email: fpetersen@mcrazlaw.com Estimated Assets: $100 million to $500 million Estimated Liabilities: $10 million to $50 million The petition was signed by Shelby Garcia as chief executive officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4YTSVZI/FORT_DEFIANCE_HOUSING_CORPORATION__azbke-26-03754__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Navajo Tribal Utility Authority $46,871 PO Box 37 Kayenta, AZ, 86033 Email: sampsony@ntua.com 2. Navajo Sanitation $13,471 PO Box 237 Window Rock, AZ, 86515 Email: Info@TrashBilling.com 3. Home Depot $12,943 PO Box 79042 Saint Louis, MO, 63179 Email: amber.miniard@citi.com 4. Zia Menaul $3,991 PO Box 27561 Albuquerque, NM, 87125 Email: request@lomabq.com 5. CNA Specialists $3,500 1345 Encinitas Blvd. #404 Encinitas, CA, 92024 Email: dcdpro@msn.com 6. Navajo Tribal Utility $2,991 Authority PO Box 549 Chinle, AZ, 86503 Email: rhondal@ntua.com 7. HD Supply $1,856 PO Box 509058 San Diego, CA, 92150-9058 Phone: 800-930-4930 8. Navajo Tribal Utility Authority $1,303 PO Box 587 Fort Defiance, AZ, 86504 Email: AHenry@ntua.com 9. Navajo Tribal Utility Authority $758 PO Box 1749 Shiprock, NM, 87420 Email: Morenab@ntua.com 10. Vision Service Plan $436 PO Box 742529 Los Angeles, CA, 90074-2529 11. PDQ $433 PO Box 4543 Carol Stream, IL, 60197-4543 Email: billing@pdqsupply.com 12. SEGRA $321 PO Box 734498 Chicago, IL, 60673-4498 Email: customerservice@segrafiber.com 13. Powerline Technologies $259 541 Laser Rd NE Rio Rancho, NM, 87124 Email: Office@PLTi.tech 14. Navajo Tribal Utility Authority $230 PO Box 1825 Crownpoint, NM, 87313 Email: candicew@ntua.com 15. FEDEX $185 PO Box 94515 Palatine, IL, 60094-4515 16. BCN Telecom $184 P.O. Box 830259 Philadelphia, PA, 19182-0259 Email: customerservice@bcntele.com 17. City of Gallup $182 PO Box 1400 Gallup, NM, 87305 Tel: 505-726-1278 18. A-1 Self Storage $124 5419 Academy Blvd, NE Albuquerque, NM, 87109 Email: A1ssacademy@gmail.com 19. New Mexico Gas Company $121 PO Box 27885 Albuquerque, NM, 87125-7885 Email: customerservice@nmgco.com 20. Ally $15 PO Box 660109 Dallas, TX, 75266-0109 Tel: 866-584-2047 FREEDOM FOREVER: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Freedom Forever LLC 43445 Business Park Dr, #110 Temecula CA 92590 Business Description: Freedom Forever LLC is a Temecula, California-based residential solar installation company that serves homeowners in more than 30 states. It operates as an engineering, procurement and construction platform, providing solar panel installation, energy storage and financing services through employees and independent authorized dealers. The company also offers proprietary software that supports project visibility, permitting and customer transparency. Chapter 11 Petition Date: April 15, 2026 Court: United States Bankruptcy Court District of Delaware Case No.: 26-10522 Judge: Hon. Brendan Linehan Shannon Debtor's Counsel: Curtis S. Miller, Esq. MORRIS, NICHOLS, ARSHT & TUNNELL LLP 1201 North Market St. PO Box 1347 Wilmington DE 19899-1347 Tel: 302-658-9200 Email: cmiller@morrisnichols.com Debtor's Legal Counsel: HOLLAND & HART LLP Estimated Assets: $100 million to $500 million Estimated Liabilities: $500 million to $1 billion The petition was signed by Brett Bouchy as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HWLSBMQ/Freedom_Forever_LLC__debke-26-10522__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Mosaic Funding IX Settlement $60,000,000 601 12th St., Ste 325 Oakland, CA 94607 2. Mosaic Funding I/Olive Settlement $54,000,000 Advisors, LLC c/o Steve Narsutis 1520 West Olive Ave., Unit 3W, Chicago, IL 60660 3. Dwight Maxwell Litigation $25,000,000 701 West 1st North Street, Summerville, SC 29483 4. Gelco Fleet Trust Trade Debt $11,224,762 10200 Grand Central Avenue, Ste. 400, Owings Mills, MD 21117 5. PT. IDN Solar Tech Trade Debt $8,855,038 Komplek Kabil Indonusa Estate Blok A No. 19B, Batu Besar, Nongsa, Kota Batam, Kepulauan Riau, 29466, Indonesia 6. JA Solar USA Inc. Trade Debt $8,008,399 2570 North 1st Street, Ste. 360, San Jose, CA 95131 7. Sonefar National Accounts, LLC Trade Debt $6,748,574 4400 Leeds Ave., Ste. 500, Charleston, SC 29405 8. Trina Solar Co. Ltd Trade Debt $5,151,996 No. 2, Tianhe Road, Tianhe Photovoltaic Industrial Park, Xinbei District, 213031 Changzhou, China 9. Silfab Solar Trade Debt $4,709,196 240 Courtneypark Drive East, Mississauga, Ontario, L5T 2Y3, Canada 10. Comdata Inc Litigation $4,500,000 5301 Maryland Way, Brentwood, TN 37027 11. Unirac Inc. Trade Debt $4,215,537 1411 Broadway Blvd., Albuquerque, New Mexico 87102 12. Sunder Energy LLC Settlement $4,105,534 9270 S 500 W, Sandy, Utah, 84070 13. Wesco Distribution, Inc. Trade Debt $2,915,695 225 West Station Square Drive, Pittsburgh, PA 15219 14. U.S. Electrical Services Inc Settlement $2,849,139 701 Middle Street, Middletown, Connecticut, 06457 15. ILYM Group, Inc. Litigation $2,250,000 Mailing Address: P.O. Box 2031 Tustin, CA 92781; Physical Address: 14751 Plaza Drive, Suite L, Tustin, CA 92780 16. Elizabeth Schenk Trade Debt $2,000,000 522 Haddon Road, Oakland, CA 94606 17. Jinko Solar US Trade Debt $1,715,377 4660 POW-MIA Memorial Parkway, Ste. 200, Jacksonville, FL 32221 18. IC Star Solar LLC Trade Debt $1,340,008 19200 Hamish Rd, Tomball, TX 77377 19. Home Depot USA Inc Trade Debt $1,284,862 2455 Paces Ferry Road NW, Atlanta, GA 30339 20. Philadelphia Solar Trade Debt $961,565 Al Qastal Industrial Area Amman, Jordan 11814 21. Employment Litigation $794,239 Development Department Mailing Address: P.O. Box 826880, Sacramento, CA 94280; Physical Address: 800 Capitol Ave., Solar 6, Sacramento, CA 95814 22. Ring Central Litigation $750,000 20 Davis Dr, Belmont, CA 94002 23. Thomas Claussen Litigation $625,000 529 Pebblecreek Drive, Garland, TX 75040 24. Sunston Roofing, LLC Trade Debt $509,107 3525 Del Mar Heights Rd, San Diego, CA 92130 25. Consolidated Electrical Trade Debt $385,974 Distributors, Inc. 1920 Westridge Drive, Irving, TX 75038 26. Mary Wingfield Litigation $350,000 3422 Pemberton Avenue, Richmond, VA 23222 27. Aldo King Litigation $340,849 3116 N Beachwood Dr., Los Angeles, CA 90068 28. Barry Mayall Litigation $325,870 1915 Cameo Ct, League City, TX 77573 29. Benjamin Young II Litigation $312,096 30. Reliant Roofing, LLC Trade Debt $233,256 8000 Belfort Pkwy, Ste. 200, Jacksonville, FL 32256 FRIENDLY CHURCH: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: The Friendly Church of the Apostolic Faith, Inc. 115-01 & 115-03 Sutphin Blvd Jamaica NY 11434 Business Description: The Friendly Church of the Apostolic Faith, Inc., based in Jamaica, New York, is a Christian church founded in 1927 that conducts worship services and operates youth, evangelism, outreach, Bible education, and theatre arts programs. Led by Bishop Israel Newman and Dr. Tamika Newman, the church serves as a religious ministry for its congregation and community. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-41859 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: Jjais A. Forde, Esq. LAW OFFICES OF JJAIS A. FORDE, PLLC 814 W Merrick Road Valley Stream NY 11580 Tel: 516-350-8325 Email: bankruptcy@fordelawoffices.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Leroy C.E. Newman as president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/D5OG6TQ/The_Friendly_Church_of_the_Apostolic__nyebke-26-41859__0003.0.pdf?mcid=tGE4TAMA G & R SYSTEMS: U.S. Trustee Unable to Appoint Committee ------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of G & R Systems, LLC. About G & R Systems LLC G & R Systems, LLC is a business entity engaged in systems-related services, including operations, support, and technical solutions. G & R Systems sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-12779) on March 13, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Michael B. Kaplan oversees the case. Melinda D. Middlebrooks, Esq., at Middlebrooks Shapiro, P.C. serves as the Debtor's legal counsel. GLOBAL ALLIANCE: Unsecureds Will Get 100% of Claims in Plan ----------------------------------------------------------- Global Alliance LLC filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Disclosure Statement describing Plan of Reorganization dated April 13, 2026. The Debtor's business is the operation of a rubber reclamation and compounding facility (the "Business") currently located at 4990 Fulton Industrial Boulevard, Atlanta, Fulton County, Georgia 30336 (the "Premises"). The Debtor has operated its Business at this location since November 9, 2011 under the terms of a Commercial Lease Agreement, as amended (the "Lease"), with the current owner of the Premises and landlord being GFP CL Atlanta 4970+4990, LLC (the "Landlord"). The Landlord purchased the Premises (and other buildings) from Harry P. Kuniansky, LTD Partnership (the "Original Landlord"). The Debtor and Landlord entered into a Stipulated Order Granting the Motion for Comfort Order or, in the alternative, for Limited Relief from Stay (the "Premises Order"). The Premises Order grants Debtor until August 1, 2026 to vacate the Premises. Debtor paid the Landlord $207,157.37 to satisfy postpetition rent obligations through March 31, 2026. For the months of April through July 2026, Debtor will pay $99,300 per month for postpetition rent obligations. The Landlord also received all funds held in the registry of the Superior Court in the Litigation. The Debtor is an Ohio limited liability company with one member: JujHar Gill. Mr. Gill is the Managing Member of Debtor and involved in the daily operations of Debtor. Mr. Gill shall not receive any Distributions from Debtor until the Class 7 and 8 Claims, Priority Tax Claims, and Administrative Expense Claims are paid in full. Mr. Gill also is contributing to Debtor his monthly income for two years beginning on the Effective Date of the Plan. Class 8 consists of the General Unsecured Creditors Allowed Claims that total $273,627.02. These claims are: CREDITOR ALLOWED CLAIM EACH PRO RATA PAYMENT American Express $150,491.98 $75,245.99 American Express $7,265.32 $3,632.66 Capital One $33,850.26 $16,925.13 JP Morgan Chase $82,019.46 $41,009.73 Class 9 consists of Equity Interests. On the Effective Date of the Plan, Mr. Gill will be the sole member of Debtor. He shall retain his member interest in Debtor as of the Effective Date. Mr. Gill receives monthly income of $12,500 from Debtor. Mr. Gill is the Managing Member of Debtor and is involved in the daily operations of Debtor. Mr. Gill shall not receive any Distributions from Debtor until the Class 7 and 8 Claims, Priority Tax Claims, and Administrative Expense Claims are paid in full. Mr. Gill also is contributing to Debtor his monthly income for two years beginning on the Effective Date of the Plan. Distributions and payments under the Plan shall be paid from Debtor's revenue. A full-text copy of the Disclosure Statement dated April 13, 2026 is available at https://urlcurt.com/u?l=aQkk0z from PacerMonitor.com at no charge. Counsel to the Debtor: Ceci Christy, Esq. Rountree Leitman Klein & Geer, LLC Century Plaza I 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 Email: cchristy@rlkglaw.com 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. GRDN HOSPITALITY: Gets Final OK to Use Cash Collateral ------------------------------------------------------ GRDN Hospitality, LLC received final approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral in accordance with an approved budget, with flexibility to exceed total budgeted amounts by up to 15%. The cash collateral is subject to a lien held by secured creditor, Live Oak Bank, which holds a $2.52 million SBA 7(a) loan and a $200,000 SBA Express Line of Credit, secured by all of the Debtor's business assets. As adequate protection for the Debtor's use of its cash collateral, Live Oak Bank will be granted post-petition security interests in and replacement liens on all assets of the Debtor, including accounts receivable, inventory and debtor-in-possession accounts, acquired after the petition date. The replacement liens will have the same validity, priority and extent as the bank's pre-bankruptcy liens and do not apply to any avoidance actions. Each post-petition lien will have priority in payment over all administrative expenses. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/wqbxj from PacerMonitor.com. GRDN Hospitality filed for bankruptcy to preserve its going concern value amid major operational and financial pressures, including supply chain issues, inflation, reduced demand, rising labor costs, tariffs, ICE-related enforcement impacts on traffic, and wildfire-related closures. About GRDN Hospitality LLC GRDN Hospitality, LLC operates as a craft brewery under the brand Three Weavers Brewing Company in Inglewood, California. It produces and distributes a variety of beers, including lagers and ales, and engages in on-site retail and community events. GRDN Hospitality sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-16321) on July 24, 2025, listing between $1 million and $10 million in assets and liabilities. The petition was signed by Lynne Weaver as chief executive officer and manager. The Debtor is represented by: Gregory K. Jones, Esq. Stradling Yocca Carlson & Rauth, LLP 10100 N. Santa Monica Blvd., Suite 1450 Los Angeles, CA 90067 Tel: 424-214-7000 Fax: 424-214-7010 gjones@stradlinglaw.com HAMJ INVESTMENT: Paul Schofield Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Paul Schofield as Subchapter V trustee for HamJ Investment, Inc. Mr. Schofield will be paid an hourly fee of $350 for his services as Subchapter V trustee while his paralegals will be paid an hourly fee of $100. In addition, Mr. Schofield will receive reimbursement for work-related expenses incurred. Mr. Schofield declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Paul A. Schofield P.O. Box 389 Brunswick, GA 31521 TEL: (912) 275-7018 EMAIL: pschofield@ch7bwk.com About HamJ Investment Inc. HamJ Investment, Inc., a Georgia-domiciled domestic profit corporation headquartered in Kingsland, Georgia, provides real estate development and support services, assisting families in obtaining affordable housing and helping small businesses and professionals access commercial space. The company operates alongside related entities at the same address, such as Joseph Business Consulting, and is linked to the website thejosephgroups.com, which presents its range of business and real estate support services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 26-20105) on April 6, 2026, with $1 million to $10 million in assets and $100,000 to $500,000. Abraham Joseph, CEO, signed the petition. Judge Michele J. Kim presides over the case. Jon Levis, Esq., at Levis Law Firm, LLC represents the Debtor as bankruptcy counsel. HAWAII BREWERY: Case Summary & Seven Unsecured Creditors -------------------------------------------------------- Debtor: Hawaii Brewery Development Co., Inc. 2855 E. Manoa Rd. Ste. 105 #184 Honolulu, HI 96822 Business Description: Hawaii Brewery Development Co., Inc., based in Honolulu, Hawaii, is a real estate company that owns and leases land assets on Hawaii Island, including parcels in Keaau. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court District of Hawaii Case No.: 26-00311 Judge: Hon. Robert J Faris Debtor's Counsel: Lars Peterson, Esq. 808 BK LLLC 745 Fort St Ste 801 Honolulu HI 96813-3815 Tel: (808) 589-1010 Email: lars@808bk.com Total Assets: $20,292,910 Total Liabilities: $1,554,511 The petition was signed by Amy Bender as vice president. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WTU5ASQ/Hawaii_Brewery_Development_Co__hibke-26-00311__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Seven Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Lung Rose Voss Wagnild Services $340,000 Topa Financial Center Rendered 700 Bishop St. Ste. 900 Honolulu, HI 96813 Email: bvoss@legalhawaii.com 2. Hawaiian Springs LLC Lawsuit $243,000 16-305 Old Volcano Road Keaau, HI 96749 Email: LColombe@chunkerr.com 3. Lohf Shaiman Jacobs PC Services $75,809 14029 Park Cove Drive Rendered Broomfield, CO 80023 Email: kbriscoe-thompson@lohfshaiman.com 4. Tritium3 Renewable Repair Work $25,000 Services LLC for QE Solar 125 Merchant St. - Suite 102 Honolulu, HI 96813 Email: t3ar-accounting@qesolar.com 5. Coan, Payton & Payne LLC Services $16,789 103 W. Mountain Ave., Suite 200 Rendered Fort Collins, CO 80524 Email: ABair@cp2law.com 6. Akinaka & Associates, Ltd. Services $11,100 1100 Alakea St., Suite 1800 Rendered Honolulu, HI 96813 Email: nss@akinaka.com 7. Schlissel & Associates LLC Services $10,157 1164 Bishop Street Suite 1612 Rendered Honolulu, HI 96813 Email: aschlissel@hawaii-tax.com HIDALGO GROUP: Aleida Martinez Molina Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Aleida Martinez Molina, Esq., as Subchapter V trustee for Hidalgo Group, LLC. Ms. Molina will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Molina declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Aleida Martinez Molina, Esq. 2121 NW 2nd Avenue, Suite 201 Miami, FL 33127 Telephone: (305) 297-1878 Email: Martinez@subv-trustee.com About Hidalgo Group LLC Hidalgo Group, LLC is a business entity engaged in general commercial operations, including investment and management services. Hidalgo Group, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14274) on April 6, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $500,000. The Debtor is represented by Jesus Santiago, Esq. HOLDINGS OF R.J. SEEDS: Case Summary & Three Unsecured Creditors ---------------------------------------------------------------- Debtor: The Holdings of R.J. Seeds, L.L.C. 260 Northeast 79th Street Miami, FL 33138 Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-14733 Debtor's Counsel: Ariel Sagre, Esq. SAGRE LAW FIRM, P.A. 5201 Waterford District Drive, Suite 892 Miami, FL 33126 Tel: 305-266-5999 Email: law@sagrelawfirm.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Robinson Julien as manager. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4XKX22Q/THE_HOLDINGS_OF_RJ_SEEDS_LLC__flsbke-26-14733__0001.0.pdf?mcid=tGE4TAMA INNOVATIVE INDUSTRIAL: Director Gary Kreitzer to Retire from Board ------------------------------------------------------------------ Innovative Industrial Properties, Inc. disclosed in a regulatory filing that Gary Kreitzer informed the Company that he will retire from the Board and not stand for re-election when his term expires at the Company's 2026 annual meeting of shareholders. Mr. Kreitzer's decision not to stand for re-election is not the result of any disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company's operations, policies, or practices. Alan Gold, the Company's Executive Chairman said: "The Company extends its sincere gratitude to Gary for his dedicated service on the Board since its inception. His leadership and insight have played a meaningful role in shaping our success and guiding the Company through periods of growth and change." About Innovative Industrial Properties Inc. Innovative Industrial Properties, Inc. is an internally-managed REIT focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are primarily leased to experienced, state-licensed operators for their regulated cannabis facilities. The Company have acquired and intend to continue to acquire its properties through sale-leaseback transactions and third-party purchases. The Company have leased and expects to continue to primarily lease its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, real estate taxes and insurance. The Company's independent auditor, Sadler, Gibb & Associates, LLC, based in Draper, Utah, and serving since 2018, included a "going concern" qualification in its report dated February 24, 2026, citing the Company's significant outstanding debt obligation that matures within the next 12 months raises substantial doubt about the Company's going concern. As of December 31, 2025, the Company had $2.4 billion in total assets, $522.9 million in total liabilities, and $1.8 billion in total stockholders' equity. ITREGULATORS INC: Neema Varghese Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Region 11 appointed Neema Varghese of NV Consulting Services as Subchapter V trustee for ITRegulators, Inc. Ms. Varghese will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Varghese declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Neema T. Varghese NV Consulting Services 701 Potomac, Ste. 100 Naperville, IL 60565 Tel: (630) 697-4402 Email: nvarghese@nvconsultingservices.com About ITRegulators Inc. ITRegulators, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-06014) on April 06, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Nancy A. Peterman presides over the case. Ben L. Schneider, Esq., at Schneider & Stone represents the Debtor as legal counsel. JAK ENTERPRISES: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida entered an interim order authorizing JAK Enterprises SWFL II, LLC to use cash collateral. Under the interim order, the Debtor is permitted to use cash collateral in accordance with an approved budget, with flexibility of up to 10% per line item and limited aggregate variance. Funds held by third parties are deemed property of the estate and must be released immediately unless a valid claim is proven at the next hearing. Six creditors may hold perfected pre-petition liens on the cash collateral: CHTD Company (claim unknown), and Itria Ventures, LLC, Newco Capital Group VI, LLC, Novus Capital Funding II, LLC, Rewards Network Establishment Services, Inc., WebBank, and Florida Department of Revenue, whose combined claims total $847,541.97. As adequate protection, secured creditors will be granted post-petition replacement liens with the same validity and priority as their pre-petition interests. The Debtor must also maintain insurance, provide access to records, and comply with all obligations under the Bankruptcy Code. The order includes a default and cure mechanism, allowing creditors to seek restrictions if the Debtor fails to comply with its terms. A continued hearing is scheduled for May 6 to consider further use of cash collateral. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/5TMLR from PacerMonitor.com. About JAK Enterprises SWFL II JAK Enterprises SWFL II, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00732) on April 8, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Michael C. Markham, Esq., at Johnson Pope Bokor Ruppel & Burns, LLP serves as Subchapter V trustee. Judge Hon. Luis Ernesto Rivera II oversees the case. The Debtor is represented by: Michael R Dal Lago, Esq. Tel: 239-571-6877 Email: mike@dallagolaw.com JHRG MANUFACTURING: Gets Extension to Access Cash Collateral ------------------------------------------------------------ JHRG Manufacturing, LLC received ninth interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, to use cash collateral. Under the court order, the Debtor is permitted to use cash collateral, including funds on hand and ongoing business proceeds, in accordance with a court-approved budget to cover ordinary operating costs such as payroll, utilities, and supplies. This authorization will continue until further order of the court. The Debtor's 30-day budget projects total operational expenses of $22,950. The U.S. Internal Revenue Service and WBL SPO I, LLC may assert interests in the Debtor's cash collateral. As adequate protection, these secured creditors will be granted post-petition replacement liens, subject to the Debtor's right to challenge lien validity. These replacement liens will have the same priority as the secured creditors' pre-bankruptcy liens. The next hearing is set for April 29. The order is available at https://shorturl.at/qnbEz from PacerMonitor.com. About JHRG Manufacturing LLC JHRG Manufacturing LLC is a North Carolina-based company that specializes in the production of personal protective garments and safety-related items used in industrial and recreational settings. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-03211 on August 20, 2025. In the petition signed by John E. Holland, member and manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge David M. Warren oversees the case. Benjamin R. Eisner, Esq., at The Law Offices of George Oliver, PLLC, represents the Debtor as bankruptcy counsel. WBL SPO I, LLC, as secured creditor, is represented by: William Walt Pettit HUTCHENS LAW FIRM LLP 6230 Fairview Road, Suite 315 Charlotte, N.C. 28210 Telephone: (704) 362-9255 Telecopier: (704) 362-9268 walt.pettit@hutchenslawfirm.com JOHN FITZGIBBON: Case Summary & 30 Largest Unsecured Creditors -------------------------------------------------------------- Lead Debtor: John Fitzgibbon Memorial Hospital, Inc. 2305 S. Highway 65 Marshall, MO 65340 Business Description: John Fitzgibbon Memorial Hospital, Inc. is a Marshall, Missouri-based health care system centered on a 60-bed acute care hospital. It provides inpatient and outpatient services including surgery, obstetrics, emergency care, imaging, therapy, laboratory, pharmacy and oncology, and operates specialty outpatient clinics for orthopedics, pain management and wound care. The system also includes The Living Center, a 99-bed skilled nursing and memory care facility operated by Fitzgibbon Health Services, along with rural health care clinics in Pilot Grove and Slater, Missouri. Chapter 11 Petition Date: April 21, 2026 Court: United States Bankruptcy Court Western District of Missouri Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- John Fitzgibbon Memorial Hospital, Inc. (Lead) 26-40689 Fitzgibbon Health Services 26-40691 Judge: Hon. Cynthia A Norton Debtors' General Bankruptcy Counsel: Zachary R.G. Fairlie, Esq. SPENCER FANE LLP 1000 Walnut Street, Suite 1400 Kansas City, MO 64106 Tel: (816) 474-8100 Fax: (816) 474-3216 Email: zfairlie@spencerfane.com AND Lindsay Doman, Esq. 100 South Fifth Street, Suite 2500 Minneapolis, MN 55402 Tel: (612) 268-7000 Fax: (612) 268-7001 Email: ldoman@spencerfane.com Debtors' Financial Advisor: HURON CONSULTING GROUP Debtors' Investment Banker: JUNIPER ADVISORY Debtors' Investment Banker: HEALTHCARE TRANSACTION GROUP Debtors' Claims, Noticing & Solicitation Agent: EPIQ CORPORATE RESTRUCTURING SERVICES, LLC John Fitzgibbon Memorial's Estimated Assets: $10 million to $50 million John Fitzgibbon Memorial's Estimated Liabilities: $10 million to $50 million The petitions were signed by Angela P. Littrell as president and CEO. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/UDUIIHQ/John_Fitzgibbon_Memorial_Hospital__mowbke-26-40689__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/UTR2P3A/Fitzgibbon_Health_Services__mowbke-26-40691__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Cerner Corporation Trade Claim $3,211,619 8779 Hillcrest Road Kansas City, MO 64138 Contact: Alason Jennifer Phone: (888) 803-7414 Email: alason.jennifer@oracle.com 2. Synergi Partners Professional $786,668 151 W Evans St Services Florence, SC 29501 Contact: Jesse Sanger Phone: (813) 526-1380 Email: jsanger@synergipartners.com 3. Quest Diagnostic Trade Claim $580,490 506 E. State Parkway Schaumburg, IL 60173 Contact: Christopher Carco Phone: (847) 847-2825 Email: christopher.r.carco@questdiagnostics.com 4. Consociate Health Trade Claim $567,830 2828 N Monroe St Decatur, IL 62526 Contact: Tina Edwards Phone: (309) 282-5014 Email: tinaedwards@consociate.com 5. Missouri Hospital Plan Trade Claim $429,159 4700 Country Club Drive Jefferson City, MO 65109 Contact: Bethany Sellers Phone: (573) 893-5300 Email: bsellers@hsg-group.com 6. Morrison Healthcare Trade Claim $396,083 2400 Yorkmont Rd Charlotte, NC 28217 Contact: Kevin Steinberg Phone: (702) 280-1881 Email: kevinsteinberg@iammorrison.com 7. Next Move Inc Trade Claim $303,808 5020 Northshore Drive Suite 2 Little Rock, AR 72118 Contact: John Nolan Phone: (816) 494-1300 Email: nolan@nextmovehealthcare.com 8. RX Preferred Benefits Trade Claim $223,085 145 Bear Crossing, Suite 200 Mount Juliet, TN 37122 Contact: Jeff Malone Phone: (888) 666-7271 Email: jeff.malone@rxpreferred.com 9. Macro Helix, LLC Trade Claim $212,330 6555 North State Hwy 161 Irving, TX 75039 Contact: Maria Shurtleff Phone: (916) 373-5255 Email: maria.shurtleff@mckesson.com 10. Travel Nurse Across America, LLC Trade Claim $200,985 5020 Northshore Drive Suite 2 Little Rock, AR 72118 Contact: Alicia Thompson Phone: (800) 240-2526 Email: athompson@tnaa.com 11. Network Services Solutions, LLC Trade Claim $156,078 SM Financial Services Corp As Assignee 49 Old Turnpike Road Oldwick, NJ 08858 Contact: Steven Mitnick, Esq. Phone: (908) 572-7275 Email: smitnick@sm-lawpc.com 12. Fusion Medical Staffing, LLC Trade Claim $153,893 Sterling Ridge 12910 Pierce St Suite 200 Omaha, NE 68144 Contact: Elijah J. Poferl (Attorney For Fusion) Phone: (402) 474-6900 Email: epoferl@clinewilliams.com 13. Custom Learning Systems Trade Claim $141,835 Group Ltd. 51 West Springs Road SW Calgary, AB T3H 4 Canada Contact: Conrad Yun Phone: (800) 667-7325 Ext. 2208 Email: conrad@customlearning.com 14. Curascriptsd Trade Claim $141,166 dba Curascript Specialty Distribution 255 Technology Park Lake Mary, FL 32746 Contact: Lisa Haas Phone: (877) 703-8266 Email: lisa.haas@curascript.com 15. Abbott Laboratories Trade Claim $ 129,954 US41 And Martin Luther King Jr Drive N. Chicago, IL 60064 Contact: Tristian Massey Phone: (224) 361-7294 Email: tristian.massey@abbott.com 16. Wakefield & Associates Trade Claim $117,091 7005 Middlebrook Pike Knoxville, TN 37909 Contact: No Direct Phone: (800)864-3870 Email: clientservices51@revcosolutions.com 17. J & J Health Care Systems, Inc. Trade Claim $111,432 5972 Collections Center Dr Chicago, IL 60693 Contact: Larry Andology Phone: (800) 554-7899 Email: landoloy@its.jnj.com 18. Philips Healthcare Informatics Trade Claim $101,083 222 Jacobs St. Cambridge, MA 02141 Contact: Alan Lopez Phone: (800) 722- 9377 Email: alan.lopez@phillips.com 19. Onestaff Medical Trade Claim $100,891 11718 Nicholas Street Omaha, NE 68154 Contact: John Reid Phone: (877) 783-1483 Ext 171 Email: jreid@onestaffmedical.com 20. Para Healthcare Financial Trade Claim $95,782 Services 6509 Windcrest Drive Suite 165 Plano, TX 75024 Contact: Cindy Baker Phone: (484) 443-3848 Email: cindy.baker@corrohealth.com 21. Forvis Professional $92,091 Building III Suite LL Services 800 State Hwy 248 Branson, MO 65616 Contact: Ryan Ogrady Phone: (417) 522-0582 Email: ryan.ogrady@us.forvismazars.com 22. Missouri Cancer Associates, LLC Trade Claim $92,000 1705 E. Broadway, Suite 100 Columbia, MO 65201 Contact: Cherise Holke-Farnam Phone: (812) 345-7632 Email: cherise.holke-farnam@usoncology.com 23. Jackson And Coker Trade Claim $87,671 Locumtenens, LLC 2655 Northwinds Parkway Alpharetta, GA 30009 Contact: Dominic Candelario Phone: (678) 277-3029 Email: dcanderlario@jacksonandcoker.com 24. Boone Hospital Center Trade Claim $84,740 Attn: Janna Schremmer 1600 E Broadway Box 17 Columbia, MO 65201 Contact: Ed Clayton (CFO) Phone: 573-815-3210 Email: ec00990@boone.health 25. RN Network Trade Claim $81,635 7259 S. Bingham Junction Blvd Midvale, UT 84047 Contact: Victor Garcia Phone: (801) 930-4588 Email: victor.garcia@chghealthcare.com 26. Helm Service Trade Claim $78,118 2279 Yellow Creek Road Freeport, IL 61032 Contact: Mike Belcher Phone: (402) 619 -9192 Email: mbelcher@helmgroup.com 27. Healthlink Trade Claim $74,506 1831 Chestnut St St. Louis, MO 63103 Contact: Diane Shipley Phone: (314) 882-8057 Email: diane.shipley@elevancehealth.com 28. American Consultants Trade Claim $73,391 9290 Bond Street Suite 205 Overland Park, KS 66214 Contact: Marty Fitzgerald Phone: (913)-322-3478 Email: marty@thehealthcarepeople.com 29. Cardinal Health 110, LLC Trade Claim $72,284 5303 Collections Center Drive Chicago, IL 60693 Contact: Vranda Garg Phone: (866) 739-4754 Ext.5105928348 Email: collections@cardinalhealth.com 30. Missouri Healthnet Division DSH Undetermined 615 Howerton Court Po Box 6500 Jefferson City, MO 65102-6500 Contact: Christina Jenks Phone: (573) 526-4749 Email: christina.jenks@dss.mo.gov KIDS FIRST PEDIATRIC: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- Kids First Pediatric Therapy, Inc. received final approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles Division, to use cash collateral to fund operations. Under the final order, the Debtor is permitted to use cash collateral through Oct. 10 in accordance with a 13-week cash flow budget. To ensure transparency, the Debtor must provide monthly financial reports to Kapitus comparing actual performance against the approved budget. As adequate protection, secured creditors including the U.S. Small Business Administration (SBA), Trupoint Bank, and Kapitus will be granted replacement liens on the Debtor's assets to the extent of any decline in collateral value. As further protection, Kapitus will receive monthly payments as set forth in the budget on the first day of each month. A further hearing is scheduled for Oct. 6 to consider continued use of cash collateral beyond the current period. The Debtor must file an updated budget and any supplemental request by Sept. 15, with objections due shortly thereafter. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Rj16Q from PacerMonitor.com. About Kids First Pediatric Therapy Kids First Pediatric Therapy, Inc., is a pediatric healthcare company providing therapy services for children, including physical, occupational, and speech therapy. The company is committed to enhancing developmental progress and overall well-being for its patients. Kids First Pediatric Therapy, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-21513) on December 22, 2025. In its petition, the Debtor disclosed up to $1 million in both assets and liabilities. Honorable Bankruptcy Judge Deborah J. Saltzman handles the case. The Debtor is represented by David Wood, Esq., at Marshack Hays Wood, LLP. LEO'S TRIM: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Leo's Trim, LLC 5007 Kenview St. Greensboro, NC 27410 Business Description: Leo's Trim, LLC is a Greensboro, North Carolina-based building finishing contractor that provides painting, paper hanging, and finish and trim carpentry services. It operates within the specialty construction trades sector focused on interior and exterior finishing work. Chapter 11 Petition Date: April 15, 2026 Court: United States Bankruptcy Court Middle District of North Carolina Case No.: 26-10273 Debtor's Counsel: Samantha K. Brumbaugh, Esq. IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH & MCDONOUGH LLP 305 Blandwood Avenue Greensboro, NC 27401 Email: skb@iveymcclellan.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Ana De La Cruz as representative. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RQEGSGY/Leos_Trim_LLC__ncmbke-26-10273__0001.0.pdf?mcid=tGE4TAMA LEXORA INC: Charles Persing Named Subchapter V Trustee ------------------------------------------------------ The U.S. Trustee for Region 2 appointed Charles Persing, a certified public accountant at Bederson, LLP, as Subchapter V trustee for Lexora Inc. Mr. Persing will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Persing declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles N. Persing, CPA/CFF, CVA, CIRA, CFE Bederson LLP 100 Passaic Avenue, Suite 310 Fairfield, NJ 07004 Phone: (973) 530-9181 Fax: (862) 926-2481 Email: cpersing@bederson.com About Lexora Inc. Lexora Inc., founded in 2009 and headquartered in New York, sells bathroom and kitchen products through online and showroom channels. The company offers vanities, bathtubs, faucets, mirrors, lighting, and related accessories, and it also works with factories in Asia to develop and source its product lines. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10751) on April 6, 2026, with $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. Andrey Bogan, in his capacity as president, signed the petition. Robert L. Rattet, Esq., at avidoff Hutcher & Citron, LLP represents the Debtor as legal counsel. LIQUID PLANET: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Liquid Planet Grounds, LLC 221 Higgins Ave Missoula MT 59802 Business Description: Liquid Planet Grounds, LLC is a Missoula, Montana-based beverage company that sells coffee, tea, cocoa, chai, and related beverage products. It operates Liquid Planet Online and offers wholesale distribution through Sysco channels and direct sales. The company was founded by a university professor, whose earlier venture, the "Java Bus," operated as an espresso and specialty coffee business on the University of Montana campus. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court District of Montana Case No.: 26-90087 Debtor's Counsel: Elliot D. McGill, Esq. PARSONS BEHLE & LATIMER 127 E. Main Street Missoula MT 59802 Tel: 406-317-7220 Email: emcgill@parsonsbehle.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Scott Billadeau as managing partner. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UFDKZ7A/Liquid_Planet_Grounds_LLC__mtbke-26-90087__0001.0.pdf?mcid=tGE4TAMA MCHUGH JUNK: Gets Extension to Use Cash Collateral -------------------------------------------------- McHugh Junk Removal, Inc. received another extension from the U.S. Bankruptcy Court for the District of Massachusetts, Central Division, to use cash collateral through June 11 to fund operations. The Debtor was initially allowed to access cash collateral through April 16 under the court's April 13 interim order. Under the latest order, the Debtor is required to file by June 8 a projected budget for June, July and August and a reconciled budget showing actual to projected income and expenses for the period April and May, as well as beginning and ending bank balances monthly. The next hearing is scheduled for June 11. The order is available at https://shorturl.at/spy3m from PacerMonitor.com. McHugh provides residential trash removal to over 1,000 customers and project-based refuse services in Central Massachusetts. It filed for Chapter 11 on November 24 and continues to operate as a debtor-in-possession. Key secured creditors include Clinton Savings Bank, holding a first lien on vehicles, equipment, and accounts receivable valued at approximately $250,000; and M&T Equipment Financing, which holds a first lien on a 2022 Freightliner valued at $100,000. Other potential creditors, including merchant cash advance providers, may hold unsecured claims. Clinton Savings Bank is represented by: Mark S. Foss, Esq. Fletcher Tilton PC 100 Front Street, 5th Floor Boston, MA 02110 Worcester, MA 01608 Phone: 508.459.8018 mfoss@fletchertilton.com About McHugh Junk Removal Inc. McHugh Junk Removal, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-41270) on November 24, 2025. In the petition signed by William F. McHugh, president, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Elizabeth D. Katz oversees the case. Louis S. Robin, Esq., at Law Offices of Louis S. Robin, represents the Debtor as legal counsel. MIAMI CITY HOMESHARES: U.S. Trustee Unable to Appoint Committee --------------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Miami City Homeshares, LLC. About Miami City Homeshares LLC Miami City Homeshares, LLC filed Chapter 11 petition (Bankr. D. N.J. Case No. 26-12326) on March 2, 2026, with between $100,001 and $500,000 in both assets and liabilities. Judge Michael B. Kaplan oversees the case. The Debtor is represented by David C. Steinmetz, Esq. MSCI INVESTMENTS: Commences Chapter 11 Bankruptcy in Texas ---------------------------------------------------------- On April 15, 2026, MSCI Investments, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Texas. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to approximately 50 to 99 creditors. About MSCI Investments, Inc. MSCI Investments, Inc. is an investment-focused corporation engaged in financial and asset management activities. The company sought Chapter 11 protection to restructure its liabilities while maintaining operations. MSCI Investments, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41318) on April 15, 2026. In its petition, the Debtor reports estimated assets of $1,000,000 to $10,000,000 and estimated liabilities of $1,000,000 to $10,000,000. The Debtor is represented by Joyce W. Lindauer, Esq. of Joyce W. Lindauer Attorney, PLLC. MULTI-COLOR CORP: Set to Emerge from Ch. 11 with $500M in Liquidity ------------------------------------------------------------------- Multi-Color Corporation, a global leader in prime label solutions, announced on April 16, 2026, that the United States Bankruptcy Court for the District of New Jersey has confirmed the Company's prepackaged plan of reorganization. MCC expects to emerge from prepackaged Chapter 11 in the coming weeks. Under the terms of the Plan, MCC will complete a comprehensive restructuring transaction that significantly deleverages the Company's balance sheet and recapitalizes the business. The restructuring reduces net debt by approximately $3.8 billion, reduces annualized cash interest expense by more than $330 million, and extends long--term debt maturities to 2033. In addition, MCC will receive a significant $889 million investment from CD&R and a group of MCC's existing secured lenders. Post-emergence, the Company expects to have more than $500 million of available liquidity to support long-term growth and investment. "Today's confirmation marks the near-completion of our financial restructuring process, positioning MCC to emerge as an even more resilient company," said Hassan Rmaile, President & Chief Executive Officer of MCC. "With the support of our financial stakeholders, MCC will emerge with a significantly deleveraged balance sheet and liquidity available to support our go-forward operations, invest in innovation, and continue delivering the high-quality label solutions that our customers depend on. I am grateful to our teammates, customers, and suppliers for their steadfast commitment and support throughout this process, and we look forward to the opportunities ahead." Plan confirmation follows a successful mediation and global settlement among every major constituency in MCC's prepackaged Chapter 11 cases, with more than 99% of voting stakeholders accepting MCC's prepackaged Chapter 11 plan. This global settlement is in addition to the support previously obtained through the restructuring support agreement entered into prior to the commencement of MCC's prepackaged Chapter 11 cases in January 2026. With court approval in hand, MCC expects to receive the proceeds from the significant new common and preferred equity investment and complete its financial restructuring in the coming weeks. 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. Advisors Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore Group LLC is serving as investment banker, AlixPartners LLP 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. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as its financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. 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. NEW FORTRESS: Advances UK Restructuring with 97% Creditor Support ----------------------------------------------------------------- New Fortress Energy Inc. previously announced on March 17, 2026, that it entered into a Restructuring Support Agreement with its creditors as part of a consensual UK Restructuring Plan. NFE is pleased to announce that it has received commitments of support for the transaction, to be implemented through a UK RP, from approximately 97% in value of its holders and lenders in aggregate. Practice Statement Letter NFE is also pleased to announce that its subsidiaries, NFE Global Holdings Limited and NFE Brazil Newco Limited, have now executed and published a practice statement letter dated April 20, 2026, in connection with the implementation of the transactions contemplated by the RSA via the UK RP. The Practice Statement Letter is addressed to the Plan Creditors (as defined in the Practice Statement Letter). The Practice Statement Letter outlines each of the Plan Company's proposed UK RP, its proposed effects and the next steps for Plan Creditors. Creditors are encouraged to read the Practice Statement Letter which is available online through the website: https://deals.is.kroll.com/nfe, which has been set up by Kroll Issuer Services Limited as information agent in connection with the UK RP. Creditors that do not already have a password to access the Plan Website and require one should contact the information agent at the email address nfe@is.kroll.com. Creditors should contact the Information Agent at nfe@is.kroll.com with any questions on accessing the Practice Statement Letter -- including to request provision of a hard copy. Convening Hearing The Plan Companies intend to apply to the High Court of Justice of England and Wales, for permission to convene a meeting of Plan Creditors (as defined in the Practice Statement Letter) to consider and, if thought appropriate, approve the UK RP. The date of the Convening Hearing is expected to be May 14, 2026 and the details of the Convening Hearing will be confirmed to Plan Creditors by the Information Agent (and details will also be available on the Plan Website). Further Information For further details on the transaction and its terms, please refer to NFE's previous announcement on March 17, 2026, regarding its entry into the RSA. As previously announced, the Company expects the transaction to be completed by the third quarter of 2026, subject to court availability, customary conditions and regulatory approvals. About New Fortress Energy Inc. New Fortress Energy Inc., a Delaware corporation, is a global energy infrastructure company founded to help address energy poverty and accelerate the world's transition to reliable, affordable and clean energy. The Company owns and operates natural gas and liquefied natural gas infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. The Company has liquefaction, regasification and power generation operations in the United States, Jamaica, Brazil and Mexico. The Company has marine operations with vessels operating under time charters and in the spot market globally. As of September 30, 2025, the Company had $11.9 billion in total assets, $10.8 billion in total liabilities, and a total stockholders' equity of $1.1 billion. * * * In November 2025, S&P Global Ratings lowered its Company credit rating on New Fortress Energy Inc. (NFE) to 'SD' (selective default) from 'CCC'. At the same time, S&P lowered its issue level rating on NFE's 12% senior secured notes due 2029 to 'D' from 'CCC-'. The downgrade reflects NFE's decision to enter into a forbearance agreement. S&P will reevaluate its ratings on NFE before the end of November as more information becomes available. The Company has initiated a process to evaluate its strategic alternatives to improve its capital structure. It has retained Houlihan Lokey Capital, Inc. as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal advisor to assist it in this evaluation. The Company, along with its advisors, is considering all options available, including asset sales, capital raising, debt amendments and refinancing transactions, and other strategic transactions that seek to provide additional liquidity and relief from acceleration under its debt agreements. As part of this process, the Company is engaging in discussions with various existing stakeholders and potential investors. There are inherent uncertainties as the outcome of these negotiations and potential transactions are outside management's control, and therefore there are no assurances that management will be successful in these negotiations and that any of these potential transactions will occur. In addition, there can be no assurances that these transactions will sufficiently improve the Company's liquidity or that the Company will otherwise realize the anticipated benefits. Moreover, if the Company fails to obtain amendments and forbearance, the Company may be required or compelled to pursue additional restructuring initiatives to preserve value and optionality, including possible out-of-court restructurings, or in-court relief, which could have a material and adverse impact on the Company's stockholders. NOISE ENTERTAINMENT: Leon Jones Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Leon Jones, Esq., at Jones & Walden, LLC, as Subchapter V trustee for Noise Entertainment & Media, LLC. Mr. Jones will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Jones declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leon S. Jones, Esq. Jones & Walden, LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 ljones@joneswalden.com About Noise Entertainment & Media LLC Noise Entertainment & Media, LLC, with offices in Atlanta, provides media production and design services for film, television, digital platforms, and live events. The company produces scripts, screenplays, documentaries, commercials, music videos, and corporate content, while also offering post-production, video editing, voiceovers, motion graphics, and virtual livestream production. Its design studio provides UX, UI, product design, and installation-related work, including automotive and event activation projects. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54573) on April 6, 2026, with $1,680,337 in assets and $1,369,697 in liabilities. Rasool D. Malik, II, owner and president, signed the petition. Judge Paul W. Bonapfel presides over the case. Brian S. Limbocker, Esq., at Limbocker Law Firm represents the Debtor as bankruptcy counsel. NRPF GROUP: U.S. Trustee Appoints Creditors' Committee ------------------------------------------------------ Guy Van Baalen, Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Chapter 11 cases of NRPF Group Two, LLC and its affiliates. The committee members are: 1. Bettja JeBailey, LLC Attn: Tom Harb 3700 34th Street, Suite 300 Orlando, FL 32805 tharb@ph-dev.com (407) 226-8888 2. Ronald Lee Looney National South LLC 5076 E Farm Road 174 Rogersville, MO 65742 RLL9190@aol.com 417-861-8900 3. MCO International Properties LLC Attn: Thomas Lee P.O. Box 306 Hartsdale, NY 10530 propertymanagementoffice1@gmail.com 239-777-1221 Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About NRPF Group Two LLC NRPF Group Two, LLC is a business entity that operates as part of a broader investment or real estate holding structure, managing assets and financial interests. It focuses on overseeing investments and maintaining portfolio holdings. NRPF and affiliates -- Neighborhood Restaurant Partners Florida, LLC and Neighborhood Restaurant Partners Florida Two, LLC -- sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Lead Case No. 26-53945)) on March 24, 2026. In its petition, NRPF reported assets of up to $50,000 and liabilities of between $10 million and $50 million. Honorable Bankruptcy Judge Sage M. Sigler handles the cases. The Debtors are represented by Ashley Reynolds Ray, Esq., at Scroggins, Williamson & Ray, P.C. NUSSBAUM LOWINGER LLP: Case Summary & 20 Top Unsecured Creditors ---------------------------------------------------------------- Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Nussbaum Lowinger LLP (Lead Case) 26-22383 15 Galileo Court Suffern, NY 10901 Mark J. Nussbaum and Associates, PLLC 26-22384 15 Galileo Court Suffern, NY 10901 Business Description: Mark J. Nussbaum and Associates, PLLC is a New York private limited liability company formed in 2016, and Mark J. Nussbaum is its sole member. The firm primarily provided legal services in commercial real estate and related business matters. Nussbaum Lowinger LLP is a New York limited liability partnership formed in 2021 by Mark J. Nussbaum and Samuel Lowinger. The firm primarily practiced real estate law, and Nussbaum became its sole partner after Lowinger withdrew in 2025. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Southern District of New York Judge: Hon. Sean H. Lane Debtors' Bankruptcy Counsel: Jonathan L. Flaxer, Esq. SPENCER FANE LLP 711 Third Avenue Suite 1700 New York, NY 10017 Tel: 212-907-7300 Email: jflaxer@spencerfane.com Nussbaum Lowinger LLP's Estimated Assets: $10 million to $50 million Nussbaum Lowinger LLP's Estimated Liabilities: $100 million to $50 million Mark J. Nussbaum's Estimated Assets: $1 million to $10 million Mark J. Nussbaum's Estimated Liabilities: $100 million to $500 million The petitions were signed by Ephraim Diamond as chief restructuring officer. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/KWZCKTA/Nussbaum_Lowinger_LLP__nysbke-26-22383__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/KRAPNZQ/Mark_J_Nussbaum_and_Associates__nysbke-26-22384__0001.0.pdf?mcid=tGE4TAMA List of Nussbaum Lowinger LLP's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. 529 Maple LLC $10,000,000 410 Troy Avenue Brooklyn, NY 11213 2. 703 Funding B LLC $2,500,000 c/o David Stein, Esq. 531 Edward Avenue Woodmere, NY 11598 3. Blueberry Funding LLC $58,772,945 695 Cross Street, Suite 281 Lakewood, NJ 08701 4. Crestview 360 Holdings LLC $15,000,000 c/o Andrew L. Buck, Esq. 599 Lexington Avenue New York, NY 10022 5. EADMK LLC $27,500,000 1420 W. 21st Street Miami Beach, FL 33140 6. Elizabeth Capital Success LLC $156,380,000 5 Grand Central East New York, NY 10017 7. Harvey Feldheim $2,742,103 (aka Tzvi) 7 Malka Way Lakewood, NJ 08701 8. Howard Hershkowitz $20,500,000 102 Woodmere Blvd. Woodmere, NY 11598-2128 9. Isidore Bleier $7,500,000 40 Turin Avenue Lakewood, NJ 08701-5468 10. Jacks Eggs LLC $2,000,000 1046 22th Street Brooklyn, NY 11219 11. Joseph Brach $2,500,000 30 Israel Zupnick Drive Unit 302 Monroe, NY 10950 12. Josh Greisman $1,700,000 250 95th Street #7121 Surfside, FL 33154 13. Morris E Barenbaum, Esq. P.C. $2,000,000 201 Wildacre Avenue Lawrence, NY 11559 14. Murray Huberfeld $10,000,000 15 Manor Lane Lawrence, NY 11559-1503 15. Solomon Eisenberg $3,622,236 2917 Avenue I Brooklyn, NY 11210 16. Stone Capital $5,000,000 Equities LLC 1772 58th Street Brooklyn, NY 11204 17. Strategic Funding $7,000,000 15 Manor Lane Lawrence, NY 11559-1503 18. Stub World Inc. $8,526,500 26 Firemans Memorial Drive Pomona, NY 10970 19. Tzvi Pluchenik $3,500,000 12 East 46th Street, Floor 4 New York, NY 10017 20. Victor Einhorn $7,000,000 c/o Boris Saks, Esq. 1732 East 12th Street Brooklyn, NY 11229 OCEAN BLVD: Court OKs Deal to Use Cash Collateral ------------------------------------------------- A U.S. bankruptcy judge overseeing the Chapter 11 cases of Ocean Blvd., LLC and its affiliated debtor, New York Beach Club, Ltd., approved a stipulation authorizing the use of 1751 Ocean, LLC's cash collateral. Judge Louis Scarcella of the U.S. Bankruptcy Court for the Eastern District of New York entered an order allowing Michael Sepe, Esq., the receiver appointed in a foreclosure action against the Debtors, to use the lender's cash collateral through May 3. The receiver is also authorized to retain all membership dues and other funds collected from the Debtors, holding them during the interim period in his accounts at Dime Bank. 1751 Ocean will be protected by post-petition replacement liens and an administrative claim against the Debtors for any decline in the value of its collateral. These replacement liens as well as the lender's pre-petition liens are subject to carveout, which includes the payment of U.S. Trustee quarterly fees, avoidance actions, and receiver fees and expenses. 1751 Ocean holds a senior mortgage and first priority blanket liens on all assets of the Debtors, which constitute its pre-petition collateral. If the Debtors violate the terms, cease operations, suffer material adverse changes or fail to comply after notice and a cure period, the lender may seek remedies, including relief from the automatic stay. The order is available at https://is.gd/EeBPeA from PacerMonitor.com. The next hearing is set for April 30. 1751 Ocean, as lender, is represented by: Christopher D. Palmieri, Esq. Jerold Feuerstein, Esq. Andrew S. Muller, Esq. Kriss & Feuerstein LLP 360 Lexington Avenue, Suite 1200 (646) 454-4187 cpalmieri@kandfllp.com jfeuerstein@kandfllp.com amuller@kandfllp.com About Ocean Blvd. LLC Ocean Blvd., LLC, based in Atlantic Beach, New York, is a real estate company that owns the land at 1751 Ocean Boulevard, leased to New York Beach Club, Ltd., which operates a beach club on the site. Ocean Blvd., LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70577) on February 10, 2026, listing $25,000,004 in assets and $14,262,396 in liabilities. The petition was signed by Alexander Jacobson as managing member. Judge Louis A. Scarcella presides over the case. Fred S. Kantrow, Esq. at The Kantrow Law Group, PLLC serves as the Debtor's counsel. PANGEA RESTAURANT: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Pangea Restaurant Group, LLC 221 Higgins Ave Missoula MT 59802 Business Description: Pangea Restaurant Group, LLC, based in Missoula, Montana, operates restaurant and bar concepts in the local market, including Pangea on Higgins and other affiliated hospitality venues. The company manages dining establishments centered on food and beverage service in Missoula and serves local patrons and event-driven customers seeking dining, nightlife, and specialty beverage offerings. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court District of Montana Case No.: 26-90086 Judge: Hon. Benjamin P. Hursh Debtor's Counsel: Elliott D. McGill, Esq. PARSONS BEHLE & LATIMER 127 E. Main Street, uite 301 Missoula MT 59802 Tel: (406) 317-7220 Email: emcgill@parsonsbehle.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Scott Billadeau as CEO. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KZ6HNLQ/Pangea_Restaurant_Group_LLC__mtbke-26-90086__0001.0.pdf?mcid=tGE4TAMA PELCO BUILDERS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Pelco Builders, Inc. 699 W. Glenrose Road Coatesville, PA 19320 Business Description: Pelco Builders, Inc., based in Coatesville, Pennsylvania, is a general contractor founded in 1975 that provides sitework, foundations, and shoring services in the Philadelphia area. The company undertakes multifamily and commercial mixed-use projects. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Eastern District of Pennsylvania Case No.: 26-11608 Judge: Hon. Ashely M Chan Debtor's Counsel: Albert A. Ciardi, III, Esq. CIARDI CIARDI & ASTIN 1905 Spruce Street Philadelphia, PA 19103 Tel: 215-557-3550 Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Leonard Pelullo as president. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/NCYWHAI/PELCO_BUILDERS_INC__paebke-26-11608__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Amazing Kitchen & Bath $607,707 Thao Le 403 Route 130 South Riverton, NJ 08077 2. Belfi Brothers $170,395 Stephen Belfi 4310 Josephine Street Phaldelphia, PA 19124 3. Carter Lumber $205,761 Robert Giovine 148 Rt 70 East Medford, NJ 08055 4. Cedar Run Construction $3,555,197 Sam Stoltzfus 143 Rothsville Station Rd Lititz, PA 17543 5. Citizens Bank $600,000 1 Citizens Plaza Providence, RI 02903 6. City Lights Electric $321,150 Elvis Pura 2374 Pine Road Huntingdon Valley, PA 19006 7. Cohen Segalis $500,000 Pallas Greenhall c/o Gary Perkiss Esquire 801 Old York Rd Suite 313 Jerkintown, PA 19046 8. Contrast Metal Works $548,450 Greg Rosenberger 301 S. Keim Street Pottstown, PA 19464 9. Crystal Windows $581,107 Kingsley Zhang 31-10 Whitestone Expressway Flushing, NY 11354 10. DDM Steel $148,501 Rich Muckenfuss 3659 N. Delsea Drive 11. Dilworth Paxson $1,155,807 1650 Market St., Ste 1200 Philadelphia, PA 19103 12. HSC Construction $440,206 Cindy Morais 9300 James Street Philadelphia, PA 19114 13. IV Roofing $138,715 Steve Traitz 168 Laux Road Monroeville, NJ 08343 14. JR Contracting $653,344 Jose Ramirez 603 Swift Street Norristown, PA 19401 15. Lamb McErlane PC $597,211 PO Box 565 West Chester, PA 19381 16. Linitos Construction $246,177 Lino Hernandez 1124 E. Weymouth Road Vineland, NJ 08360 17. NYC Doors $198,765 Abraham Greenwald 1500 W Blacke Steret Linden, NJ 07036 18. OK Plumbing $324,300 Oleg Kapkanov 2065 Huntington Road Huntingdon Valley, PA 19006 19. Reliance Star Plumbing $167,000 Andrey Shubin 5 Melissa Lane Woodstown, NJ 08098 20. Synergy Glass & Door $144,160 Jennifer Boyce 1114 MacDade Blvd Unit G Darby, PA 19023 PHILIPPE ON DUNLOP: Seeks Chapter 7 Bankruptcy in New York ---------------------------------------------------------- On April 15, 2026, Philippe on Dunlop Avenue Corporation filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to approximately 1 to 49 creditors. About Philippe on Dunlop Avenue Corporation Philippe on Dunlop Avenue Corporation operates in the real estate industry. Philippe on Dunlop Avenue Corporation sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41794) on April 15, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. PRIORITY TOWING: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Priority Towing and Recovery Inc. 5305 Village Center Dr. Columbia, MD 21044 Business Description: Priority Towing and Recovery Inc. is a Columbia, Maryland-based towing and roadside assistance company founded in 2014. It offers 24/7 highway towing service, including light-duty, medium-duty and heavy-duty towing, and serves Baltimore and surrounding areas in Maryland. Chapter 11 Petition Date: April 17, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-14108 Judge: Hon. Nancy V Alquist Debtor's Counsel: Daniel Staeven, Esq. FROST LAW 839 Bestgate Rd, Suite 400 Annapolis MD 21401 Tel: (410) 497-5947 Email: daniel.staeven@frosttaxlaw.com Total Assets: $1,040,648 Total Liabilities: $3,394,828 The petition was signed by Steve Palmer as owner. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BSESUYY/Priority_Towing_and_Recovery_Inc__mdbke-26-14108__0001.0.pdf?mcid=tGE4TAMA QVC GROUP: Moves to Delist Securities Following Bankruptcy ---------------------------------------------------------- The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the two securities of QVC, Inc. from the Exchange. Trading in the Company's Securities will be suspended immediately. Symbol: QVCC Description: 6.250% Senior Secured Notes due 2068 Symbol: QVCD Description: 6.375% Senior Secured Notes due 2067 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 April 17, 2026 disclosure that on April 16, 2026, QVC Group, Inc. and certain of its U.S. subsidiaries, including QVC, Inc. have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. In reaching its delisting determination, NYSE Regulation notes the uncertainty as to the ultimate effect of this process on the value of the Company's Securities. 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 Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision. About QVC Group QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Jason S. Brookner, Esq. and Lydia R. Webb of Gray Reed & McGraw LLP. QVC GROUP: Targets 90-Day Emergence Following Chapter 11 Filing --------------------------------------------------------------- QVC Group, Inc. announced on April 16, 2026, that it has entered into a Restructuring Support Agreement with holders representing a significant majority of the Company's outstanding funded debt. The RSA outlines the terms of a comprehensive prepackaged financial restructuring plan that will substantially reduce the Company's debt and strengthen its financial position as it continues advancing its transformational WIN Growth Strategy to drive long-term growth and profitability as a leader in live social shopping across social platforms, streaming apps, ecommerce sites, stores and TV channels. To implement that plan, the Company and certain of its U.S. subsidiaries, including QVC, Inc., have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas. QVC Group's international operations are not included in this process. All QVC Group brands are operating as usual. The Company continues to serve its millions of customers across all channels and platforms for QVC, HSN, and Cornerstone Brands. The Company has ample liquidity to support the business and, importantly, the terms of the RSA provide for vendors, suppliers and all other general unsecured creditors of the filing entities to be paid in full for all goods and services. There are no planned layoffs or furloughs in connection with the financial restructuring process, and all team members should fully expect to continue receiving their wages and benefits without interruption. "QVC Group is uniquely positioned to compete and win in live social shopping, and we are seeing early momentum in our WIN Growth Strategy," said David Rawlinson, President and Chief Executive Officer, QVC Group, Inc. "Over the past year, we have become a top seller on TikTok Shop U.S. while expanding our business on streaming and other platforms. We have consolidated our HSN and QVC operations, struck new deals with critical social and media partners, and rebalanced sourcing to account for the changing tariff environment. With the support of our lenders and a more appropriate capital structure, we believe we can deliver on our WIN Growth Strategy." Mr. Rawlinson continued, "We remain focused on serving our customers with joyful and engaging shopping experiences that inspire, entertain and delight. We appreciate the ongoing support of our valued vendors and business partners, and we are grateful to our team members for their unwavering dedication to QVC Group and our customers. This process will allow for QVC Group to have the financial structure it needs to accelerate our return to growth." All QVC Group Brands are Operating as Normal As QVC Group moves forward, the customer experience remains the Company's top priority. On-air programming is continuing as normal and customers can continue to shop the Company's brands as always on broadcast TV, on streaming and social, through branded websites and apps, in-store, and through catalogs. For all brands, return policies and procedures remain the same. Gift cards and credits remain valid and promotional communications will continue as normal. Customers can continue to reach service teams through all normal support channels. All retail locations remain open and operating on normal schedules, and all store and merchandise policies remain the same. Branded credit cards will continue to function normally. Returning to Growth Through Transformational WIN Growth Strategy Over the past several years, QVC Group has navigated significant changes in how consumers discover and purchase products. The rapid growth of mobile devices, social platforms and streaming services has fundamentally shifted video consumption, while traditional cable television -- historically the foundation of the Company's business model -- has experienced structural decline. In response, the Company launched its three-year WIN Growth Strategy to reposition QVC Group to drive the future of live social shopping. The strategy focuses on reaching customers Wherever She Shops, engaging customers with Inspiring People and Products and driving operating efficiencies with New Ways of Working. The transformation is already showing measurable results. QVC Group acquired nearly 1 million new U.S. customers on TikTok Shop in 2025, leading QVC US to grow its total customer file in 2025 for the first time in over four years. The QVC+ and HSN+ streaming service now has 1.5 million monthly active users and sales attributed to streaming grew 19% in 2025. A stronger balance sheet, together with revenue growth from social and streaming, is expected to enable QVC Group to stabilize and return to sustainable growth over time. Additional Information About the RSA On April 16, 2026, QVC Group, together with certain of its direct and indirect subsidiaries, entered into the RSA with majority lender support. Pursuant to the RSA, QVC Group's principal amount of debt (as of December 31, 2025) will be reduced from approximately $6.6 billion to $1.3 billion, and the newly deleveraged company will emerge as Reorganized QVC, Inc. QVC Group's subsidiaries and entities outside of the U.S. are not included in the court-supervised process underway in the U.S. The only exception is a non-operating subsidiary in Luxembourg that has no team members, customers, vendors or business partners. The Company's global business operations are continuing as normal -- including customer-facing operations in the UK, Germany, Japan, and Italy -- and they are paying vendors and suppliers as usual across all of these geographies. Due to the prepackaged nature of the financial restructuring, the Company expects to complete this process on an expedited basis and, pursuant to the RSA, is targeting emergence within approximately 90 days. The Company had over $1 billion in domestic cash and cash equivalents as of December 31, 2025. Together with cash generated from ongoing operations, QVC Group has ample liquidity to meet its business obligations during the U.S. court-supervised process. Under the terms of the RSA, all third-party general unsecured creditors will be unimpaired, with their claims to be paid in full or reinstated. The Company and QVC, Inc. have filed a number of customary motions with the Bankruptcy Court to support its operations during this process, including the continued payment of U.S. employee wages and benefits without interruption. The Company expects to receive Bankruptcy Court approval for these requests shortly. Additional information regarding the court-supervised financial restructuring process is available at forward.qvcgrp.com. Bankruptcy Court filings and other information related to the proceedings are available on a separate website administered by the Company's claims agent, Kroll, at https://restructuring.ra.kroll.com/QVC; by calling Kroll representatives toll-free at (888) 575-5337, or +1 (347) 292-4386 for calls originating outside of the U.S. or Canada; or by emailing QVCinfo@ra.kroll.com. Advisors Kirkland & Ellis LLP and Gray Reed are serving as legal counsel, Evercore Group L.L.C. is serving as financial advisor, AlixPartners, LLP is serving as restructuring advisor, and Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to QVC Group and QVC, Inc. About QVC Group QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Jason S. Brookner, Esq. and Lydia R. Webb of Gray Reed & McGraw LLP. RECREATION DISCOUNT: Gets Extension to Access Cash Collateral ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts entered a fourth interim order authorizing Recreation Discount Wholesale, Inc. to use cash collateral. Under the fourth interim order, the Debtor is authorized to use funds that constitute cash collateral of its secured creditors, subject to the budget and an overall permitted variance of 10%. The Debtor's secured obligations include fully secured debt to the Peter G. Marino and Margaret Y. Marino Revocable Trusts ($128,356) and Eastern Bank ($50,026), and partially secured debt to the U.S. Small Business Administration ($1,106,954) under a COVID-era EIDL. Merchant cash advances owed to Morris Trade Solutions ($197,259.68), Fenix Funding LLC ($187,440), Parafin Inc. ($23,829), and potentially PayPal via CHTD Company ($109,997) are largely or wholly unsecured after senior liens. As protection, secured creditors will receive continuing replacement liens and security interests, with the same validity, extent, and priority they would have held absent the bankruptcy filing. The court scheduled a further hearing for July 2, with objections due by June 30. The deadline for the Debtor to file supplemental reports is on June 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/XDY8D from PacerMonitor.com. Recreation maintains about $1.2 million in general unsecured debt, including prepaid customer obligations, and roughly $43,000 in current sales and payroll tax liabilities. About Recreation Discount Wholesale Inc. Recreation Discount Wholesale, Inc. operates as an online retailer based in Walpole, Massachusetts, offering a range of home- recreation, pool and spa, and outdoor-living products through a family of niche e-commerce websites. The Company distributes more than 15,000 products and parts through a nationwide network of over 100 vendors and warehouses. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-12606) on December 2, 2025. In the petition signed by Eric Feigen, treasurer, the Debtor disclosed $322,231 in total assets and $3,104,679 in total liabilities. Judge Christopher J Panos oversees the case. David B. Madoff, Esq., at MADOFF & KHOURY LLP, represents the Debtor as legal counsel. ROSE RENTAL: Gets Final OK to Use Cash Collateral ------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Mississippi entered a final order authorizing Rose Rental Properties, LLC to use cash collateral. Under the final order, the Debtor is authorized to continue using the cash collateral of Citizens National Bank of Meridian and Community Bank under the same terms, limitations, and budget set forth in the interim order. All reporting obligations, insurance requirements, operational restrictions, and related conditions also continue without change. As adequate protection, Citizens National Bank and Community Bank will continue receiving the protections granted under the interim order, including replacement liens on all post-petition rents and revenues generated from the collateral properties. These liens maintain the same validity, priority, and extent as existed before bankruptcy. The order also notes that since the interim order was entered, the Debtor determined the best way to maximize value for creditors is to market and sell substantially all of its real estate assets. The Debtor has already begun marketing the properties and filed a Chapter 11 plan for an orderly liquidation of the portfolio. Property sales will continue under Bankruptcy Code Section 363, subject to secured creditors' rights and court approval, while the Debtor must keep providing rental reports and updates on marketing and sale efforts. A copy of the court's order is available at https://shorturl.at/Bid2A from PacerMonitor.com. About Rose Rental Properties LLC Rose Rental Properties, LLC is a Mississippi-based real estate rental business that operates from Jackson and is associated with residential property activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-03091) on December 4, 2025. In the petition signed by Jerrick W. Rose, member-manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jamie A. Wilson oversees the case. Thomas C. Rollins, Jr., Esq., at The Rollins Law Firm, PLLC, represents the Debtor as bankruptcy counsel. ROYALE ENERGY: Appoints Micheal McCaskey to Board of Directors -------------------------------------------------------------- Royale Energy, Inc. disclosed in a regulatory filing that it appointed Micheal McCaskey to its Board of Directors, effective immediately. Mr. McCaskey, age 71, brings extensive experience in petroleum geology, asset acquisition, corporate governance, and industry leadership. Prior to Royale's merger with Matrix Oil Corp. in 2018, he had served on Matrix's board of directors since 1999 and formally served as President of Matrix Oil Management Corporation from first quarter 2006 to April 2018 and Vice President and Secretary of Matrix Oil Corp. from 2002 to April 2018. Mr. McCaskey currently serves on the board of directors of RMX Resources, LLC, a California-based energy company, and since February 2002, as President of PEM Management Corporation, a family office consulting a firm. For over 35 years, Mr. McCaskey has worked in both exploration and field development as a petroleum geologist for ARCO Exploration, Union Oil of California, Venoco and Matrix Oil. About Royale Energy, Inc. Royale Energy, Inc. (OTCQB: ROYL) is an independent exploration and production company headquartered in San Diego, California. The Company focuses on the acquisition, development, and marketing of oil and natural gas, with primary operations in Texas's Permian Basin. In its April 8, 2025 audit report, Horne LLP issued a "going concern" qualification, noting that the Company's recurring operating losses and liabilities exceeding its assets raise substantial doubt about its ability to continue operations. As of September 30, 2025, the Company had $15,386,535 in total assets, $29,366,864 in total liabilities, and $13,980,329 in total stockholders' deficit. SCILEX HOLDING: FY25 Loss Widens to $374MM; Faces Liquidity Strain ------------------------------------------------------------------ Scilex Holding Company filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K, reporting a net loss of $374.1 million for the year ended December 31, 2025, compared to a net loss of $72.8 million for the year ended December 31, 2024. Total revenues for the year ended December 31, 2025, was $30.3 million compared to $56.6 million in the prior period. Liquidity and Going Concern On December 22, 2023, the Company entered into a Sales Agreement with B. Riley Securities, Inc., Cantor Fitzgerald & Co. and H.C. Wainwright & Co., LLC , which agreement was voluntarily terminated by us effective as of March 5, 2025. Pursuant to the ATM Sales Agreement, the Company was able to offer and sell shares of Common Stock up to $170.0 million, through or to the Sales Agents as part of the Offering. The Company had no obligation to sell any shares of Common Stock under the ATM Sales Agreement and could suspend offers thereunder at any time. As of December 31, 2025, no sales of Common Stock had been made under the ATM Sales Agreement. As of December 31, 2024, the Company sold 78,976 shares of Common Stock pursuant to the ATM Sales Agreement for net proceeds of approximately $2.7 million. On June 11, 2024, the Company entered into that certain Commitment Side Letter with FSF 33433 LLC, pursuant to which FSF Lender committed to provide the Company a loan in the aggregate amount of $100.0 million. The Commitment Amount shall be payable as follows: (i) $85.0 million no later than the date that is 70 days following the date on which the Company receives the FSF Deposit and (ii) the remaining $15.0 million within 60 days following the Initial Closing. Pursuant to the Commitment Letter, FSF Lender was required to provide the Company a non-refundable deposit in immediately available funds in the aggregate principal amount of $10.0 million, which amount will be creditable towards the $85.0 million required to be funded by FSF Lender at the Initial Commitment Closing. The Company received the FSF Deposit on June 18, 2024, and issued to FSF Lender a warrant to purchase up to an aggregate of 3,250,000 shares of the Common Stock, with an exercise price of $1.20 per share. The exercise price and number of shares of Common Stock issuable upon the exercise of the Deposit Warrant may be subject to certain adjustments in the event of any stock dividend, stock split, recapitalization, reorganization or similar transaction, as described in the Deposit Warrant. The Deposit Warrant is immediately exercisable and will expire five years from the date of issuance. On September 17, 2024, the Company entered into a Satisfaction Agreement with FSF Lender and Endeavor Distribution LLC, a Delaware limited liability company and affiliate of FSF Lender, pursuant to which the remaining obligations in respect of the FSF Deposit shall be fully satisfied by the Company's delivery of 28,000 cartons of ZTlido to Endeavor, which delivery shall occur no later than December 31, 2024. Upon satisfaction of such remaining obligations, the Commitment Letter shall be terminated and of no further force or effect and neither FSF Lender nor the Company shall have any further liability or obligations thereunder. In consideration of Endeavor assuming the payment obligation of the Company in respect of the FSF Deposit, Endeavor will not be responsible for making any payment to the Company for: (i) the product already delivered as of the date of such agreement in an amount of approximately $13.2 million and (ii) the Additional Product. In November 2024, the Company delivered the Additional Product to Endeavor and fully satisfied the remaining obligations in respect of the FSF Deposit. On October 7, 2024, the Company entered into a securities purchase agreement with certain institutional investors and Oramed Pharmaceuticals Inc., to issue and sell, in a registered offering by the Company directly to the Tranche B Noteholders, a new tranche B of senior secured convertible notes of the Company in the aggregate principal amount of $50.0 million which notes will mature on the two-year anniversary of the issuance date and will be convertible into shares of Common Stock at a conversion price equal to $36.40 per share. In exchange for the issuance of the Tranche B Notes to the Tranche B Investors, the Company has received an aggregate amount in cash of $22,500,000, excluding fees and expenses payable by the Company. In consideration for the Tranche B Notes issued to Oramed, the Company has received from Oramed an exchange and reduction of the principal balance under the Oramed Note of $22,500,000. On December 1, 2025, the Company entered into a Non-Recourse Loan and Securities Pledge Agreement to issue loans with St. James Bank & Trust Company Ltd., a corporation existing under the laws of the Bahamas, in up to an aggregate principal amount of $50.0 million, which may be advanced in one or more tranches. The Scilex-St. James Loans are non-recourse loans, which are collateralized by the shares of Datavault common stock held by the Company, wherein St. James will act as the custodian over these collateralized shares. On December 8, 2025, the Company and St. James executed an amendment to the "Scilex-St. James Loan Agreement. The Scilex-St. James Loan Amendment, among other things, increased the maximum amount borrowable under the Scilex-St. James Loan Agreement from $50.0 million to $100.0 million, and increased the number of shares of Datavault common stock collateralizing the Scilex-St. James Loans to 85,838,800 shares. On December 19, 2025, St. James funded $10.0 million of principal of the Scilex-St. James Loans, net of a $0.8 million financing fees, collateralized by 17,361,111 shares of Datavault Common Stock, at a collateral price per share of $0.96. The Company has received proceeds of the Scilex-St. James Loan Tranche 1 and aggregate amount of $9.2 million in cash, excluding fees and expenses payable by the Company. On December 22, 2025, St. James funded and the Company received in cash $12.6 million of principal of the Scilex-St. James Loans (the "Scilex-St. James Tranche 2"), collateralized by 21,841,689 shares of Datavault Common Stock, excluding fees and expenses payable by the Company. As of December 31, 2025, the Company's negative working capital was $445.3 million, including cash and cash equivalents of approximately $5.0 million. During the year ended December 31, 2025, the Company had operating losses of $346.0 million and cash flows outflows from operations of $3.8 million. The Company had an accumulated deficit of $921.8 million as of December 31, 2025. The Company has plans to obtain additional resources to fund its currently planned operations and expenditures and to service its debt obligations (whether under the Oramed Note, the Tranche B Notes or otherwise) for at least 12 months from the issuance of these consolidated financial statements through a combination of equity offerings, debt financings, collaborations, government contracts or other strategic transactions. The Company's plans are also dependent upon the success of future sales of ZTlido, ELYXYB and GLOPERBA, among which GLOPERBA and ELYXYB are still in the early stages of commercialization. Although the Company believes such plans, if executed, should provide the Company with financing to meet its needs, successful completion of such plans is dependent on factors outside the Company's control. As a result, management has concluded that the conditions, among other things, raise substantial doubt about the Company's ability to continue as a going concern within the next 12 months. Additionally, Walnut Creek, California-based BPM LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 10, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, 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. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/r8xum9m2 About Scilex Holding Company Palo Alto, Calif.-based Scilex Holding Company -- www.scilexholding.com -- is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and, following the formation of its proposed joint venture with IPMC Company, neurodegenerative and cardiometabolic disease. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain, and is dedicated to advancing and improving patient outcomes. Scilex's commercial products include: (i) ZTlido (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration for the relief of neuropathic pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain; (ii) ELYXYB, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) Gloperba, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults. As of December 31, 2025, the Company had $364.98 million in total assets, $567.73 million in total liabilities, and $211.75 million in total stockholders' deficit. SHADY TREE: Lisa Holder Named Subchapter V Trustee -------------------------------------------------- The U.S. Trustee for Region 17 appointed Lisa Holder, Esq., a practicing attorney in Bakersfield, Calif., as Subchapter V trustee for Shady Tree LLC. Ms. Holder will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Holder declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Lisa Holder, Esq. 3710 Earnhardt Drive Bakersfield, CA 93306 Phone: (661) 205-2385 Email: lholder@lnhpc.com About Shady Tree LLC Shady Tree LLC is a California-based limited liability company. Shady Tree LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-21904) on April 3, 2026. In its petition, the debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Christopher D. Jaime handles the case. The debtor is represented by Michael Jay Berger, Esq. SHIELD AUTOHAUS: Seeks Chapter 11 Bankruptcy in Nevada ------------------------------------------------------ On April 15, 2026, Shield Autohaus LLC, Series 2 filed for relief under Chapter 11 in the U.S. Bankruptcy Court for the District of Nevada. The Debtor reports liabilities between $100,001 and $1,000,000 owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on May 21, 2026 at 09:00 AM via Telephonic. About Shield Autohaus LLC, Series 2 Shield Autohaus LLC, Series 2 is a series-based limited liability company entity. Shield Autohaus LLC, Series 2 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12349) on April 15, 2026. The filing reflects estimated assets of $0 to $100,000 and estimated liabilities of $100,001 to $1,000,000. The case is pending before the U.S. Bankruptcy Court for the District of Nevada. The Debtor is represented by Michael J. Harker, Esq. SINKS LAND: Seeks Chapter 12 Bankruptcy in Utah ----------------------------------------------- On April 15, 2026, Sinks Land, LLC filed for Chapter 12 protection in the U.S. Bankruptcy Court for the District of Utah. According to court filings, the Debtor reports between $1,000,000 and $10,000,000 in debt owed to approximately 1 to 49 creditors. About Sinks Land, LLC Sinks Land, LLC is a limited liability company likely engaged in land ownership, agricultural operations, or rural property management. Chapter 12 is typically utilized by family farmers or agricultural businesses seeking financial reorganization. Sinks Land, LLC sought relief under Chapter 12 of the U.S. Bankruptcy Code (Bankr. Case No. 26-22120) on April 15, 2026. In its petition, the Debtor reports estimated assets and liabilities each ranging from $1,000,000 to $10,000,000. SKEENA RESOURCES: Completes US$750MM Senior Secured Notes Offering ------------------------------------------------------------------ Skeena Resources Limited announced that it has completed its previously announced offering of US$750 million aggregate principal amount of 8.500% Senior Secured Notes. The Notes will mature in 2031 and are non-callable for the first two years, with semi-annual interest payments. Refinancing Strategy Overview The offering of the Notes represents a comprehensive refinancing strategy, designed to optimize the Company's capital structure by reducing its overall cost of capital and enhancing financial flexibility. The refinancing includes the cancellation and replacement of its undrawn Senior Secured Loan of US$350 million and Cost Overrun Facility under the Gold Stream of US$100 million and the repurchase of approximately 66.67% of the US$200 million Gold Stream. The Company intends to use the gross proceeds from the sale of the Notes to: * Repurchase 66.67% of the Gold Stream for US$184 million to materially increase Skeena's exposure to gold prices and future production from Eskay Creek; * Prefund interest on the Notes for 18 months with US$94 million deposited to an interest reserve account, equal to the first three semi-annual interest payments on the Notes; and * Use the remaining capital of approximately US$470 million to support the remaining construction at Eskay Creek through a disbursement account, for general corporate purposes, and for expenses associated with the issuance of the Notes. Walter Coles, Executive Chairman of Skeena, commented: "Skeena has a track record of breaking new ground in the mining industry, and this transaction represents another important milestone. We are proud to be the first pre-revenue mining company in more than a decade to successfully complete a public high-yield notes offering. The strong support for this debt issuance from leading global investment firms, including KKR and Bank of America, underscores growing confidence in our strategy, our management team, and the robustness of the Eskay Creek project as we progress toward initial production in Q2 2027." Mr. Coles continued: "Our constructive outlook on gold prices further supports the decision to pursue the gold stream buyback as a disciplined and value accretive capital allocation strategy. By reducing our streaming encumbrance earlier than originally contemplated, we simplify our capital structure, increase our exposure to rising gold prices, lower our expected cost per ounce of gold, materially improve future operating margins and enhance the overall economics and long-term value of the Eskay Creek project." Refinancing of Former Project Financing Package In 2024, Skeena secured a project financing package consisting of the US$350 million Senior Secured Loan, the US$100 million Cost Overrun Facility, and the US$200 million Gold Stream with Orion and certain of its affiliates. Under the original financing structure, Skeena retained the contractual flexibility to terminate both the Senior Secured Loan and the Cost Overrun Facility without penalty. As both Facilities remain undrawn, the Company will not incur cancellation fees for today's cancellation. The transition to the Notes will lower the Company's overall cost of capital and improve financial flexibility, reflecting the covenant-light nature of the Notes relative to the prior Facilities. Buyback of Gold Stream The Company completed drawing the full US$200 million Gold Stream in 2025 to support construction activities. Under the original terms, the stream holders were entitled to receive 10.55% of payable gold production at a price equal to 10% of the market price under the Gold Stream for the life of mine of the Eskay Creek project. Skeena also retained the option to repurchase up to 66.67% of the Gold Stream at an 18% imputed internal rate of return following the commencement of commercial production. The Company has successfully negotiated the right to exercise this buyback option in advance of the originally contemplated timeline, today repurchasing 66.67% of the Gold Stream for USD$184 million. By completing this transaction, the Company materially improves future operating margins, increases its exposure to gold prices and future production and enhances overall project economics. About Skeena Skeena is a precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia's Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world's highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines. Skeena is committed to responsible and sustainable mining in partnership with Indigenous communities, while maximizing the value of its mineral resources to generate long-term shareholder returns. * * * In April 2026, S&P Global Ratings assigned its 'CCC+' issuer-credit rating (ICR) to Skeena Resources Ltd. At the same time, S&P assigned its 'B-' issue-level rating and '2' recovery rating (70%-80%; rounded estimate: 85%) to the company's proposed US$750 million senior secured notes due 2031. The stable outlook reflects S&P's expectation that it will take Skeena 12-18 months to complete the significant Eskay Creek development project, which entails financial and execution risks. In its view, this renders the company dependent on favorable business, financial, and economic conditions to meet its financial commitments. SKEENA RESOURCES: Schedules Annual General Meeting for June 22 -------------------------------------------------------------- Skeena Resources Limited disclosed details regarding its upcoming annual general meeting of security holders. The Company will hold its Annual General Meeting on June 22, 2026, in Vancouver, British Columbia. The record date for notice of meeting, voting, and beneficial ownership determination is May 6, 2026. The Company will make use of Notice and Access (NAA) Requirements for both beneficial and registered shareholders, and will send proxy materials directly to registered holders. Beneficial owners will be subject to notice-and-access delivery, with the Company responsible for delivery costs to objecting beneficial owners (OBOs). The common shares are identified under CUSIP 83056P715 and ISIN CA83056P7157. About Skeena Skeena is a precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia's Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world's highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines. Skeena is committed to responsible and sustainable mining in partnership with Indigenous communities, while maximizing the value of its mineral resources to generate long-term shareholder returns. * * * In Apr. 2026, S&P Global Ratings assigned its 'CCC+' issuer-credit rating (ICR) to Skeena Resources Ltd. At the same time, S&P assigned its 'B-' issue-level rating and '2' recovery rating (70%-80%; rounded estimate: 85%) to the company's proposed US$750 million senior secured notes due 2031. The stable outlook reflects S&P's expectation that it will take Skeena 12-18 months to complete the significant Eskay Creek development project, which entails financial and execution risks. In its view, this renders the company dependent on favorable business, financial, and economic conditions to meet its financial commitments. SPARHAW LLC: U.S. Trustee Unable to Appoint Committee ----------------------------------------------------- The U.S. Trustee for Region 11 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 cases of Sparhawk, LLC and its affiliates. About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wisc. Lead Case No.26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn, represent the Debtors as legal counsel. SUPERNOVA MANAGEMENT: Case Summary & 20 Top Unsecured Creditors --------------------------------------------------------------- Four affiliates that concurrently filed voluntary petitions for relief under Chapter 11 Bankruptcy Code: Debtor Case No. ------ -------- Supernova Management, Inc 26-32616 Supernova Furniture 7827 Lake Mist Court Humble, TX 77346 10M NW FRWY, LLC 26-32617 10000 Northwest Freeway Houston, TX 77092 Supernovafurniture.com - Fry Rd, LLC 26-32618 1250 Fry Road Houston, TX 77084 Supernovafurniture.com - Rosenberg LLC 26-32619 24974 Commercial Drive Rosenberg, TX 77471 Business Description: Supernova Management, Inc., doing business as Supernova Furniture, is a Humble, Texas-based furniture retail company that operates under the Supernova Furniture brand. The company is associated with location-specific LLCs tied to showroom or property operations in the Houston area, including 10M NW FRWY, LLC, Supernovafurniture.com – Fry Rd, LLC, and Supernovafurniture.com – Rosenberg LLC. Chapter 11 Petition Date: April 15, 2026 Court: United States Bankruptcy Court Southern District of Texas Judge: Hon. Eduardo V Rodriguez Debtors' Bankruptcy Counsel: Reese Baker, Esq. BAKER & ASSOCIATES 950 Echo Ln Ste 300 Houston TX 77024-2824 Phone: (713) 869-9200 Email: courtdocs@bakerassociates.net Each Debtor's Estimated Assets: $0 to $50,000 Each Debtor's Estimated Liabilities: $1 million to $10 million The petitions were signed by Martin Abrahams as manager of Supernova Management. A copy of Supernova Management's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7YRBYUI/Supernova_Management_Inc_and_10M__txsbke-26-32616__0007.0.pdf?mcid=tGE4TAMA Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/2V54LDA/Supernova_Management_Inc__txsbke-26-32616__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/2SUCBLY/10M_NW_FRWY_LLC__txsbke-26-32617__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/24JNX2Q/Supernovafurniturecom-FRY_RD_LLC__txsbke-26-32618__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/663CU3I/Supernovafurniturecom-Rosenberg__txsbke-26-32619__0001.0.pdf?mcid=tGE4TAMA TEZ WINGZ: Gets Final OK to Use Cash Collateral ----------------------------------------------- Tez Wingz, LLC received final approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to use cash collateral. The court authorized the Debtor to use cash collateral to fund operations in accordance with its budget. Seacost National Bank, a secured creditor, is entitled to a first priority lien on and security interest in the Debtor's post-petition inventory, accounts and other property. In case of any diminution in the value of its pre-bankruptcy collateral, Seacost will be granted a superpriority claim. The final order is available at https://shorturl.at/QaspS from PacerMonitor.com. Tez Wingz operates a restaurant specializing in to-go food services since 2015. Having filed for Chapter 11 bankruptcy on February 23, the Debtor lacks sufficient unencumbered cash to fund essential daily expenses. The Debtor identifies three primary entities claiming security interests in its accounts and proceeds: Seacoast National Bank, the U.S. Small Business Administration and FC Marketplace. Seacoast is the senior lienholder while the SBA will likely be treated as a general unsecured creditor due to its junior position. FC Marketplace is also expected to be treated as unsecured based on lien priority. About Tez Wingz LLC Tez Wingz, LLC operates a restaurant specializing in to-go food services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-10518) on February 23, 2026. In the petition signed by William Jordan, owner, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Gary D. Hammond, Esq., at Hammond Law Firm, represents the Debtor as bankruptcy counsel. TOBIN'S TOWING: Douglas Adelsperger Named Subchapter V Trustee -------------------------------------------------------------- The Acting U.S. Trustee for Region 10 appointed Douglas Adelsperger, Esq., as Subchapter V trustee for Tobin's Towing & Recovery, Inc. Mr. Adelsperger will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Adelsperger declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Douglas R. Adelsperger, Trustee 1251 N. Eddy St., Suite 200 South Bend, IN 46617 Tel: (260) 407-0909 Email: trustee@adelspergerlawoffices.com About Tobin's Towing & Recovery Inc. Tobin's Towing & Recovery, Inc., a company based in Waldron, Indiana, provides towing, recovery, and transport services across the region, specializing in both standard and heavy-duty vehicle recovery. Since its founding, the company has maintained a modern fleet of tow trucks, wreckers, and trailers, enabling it to manage a broad range of recovery and transport tasks, from routine roadside assistance to large-scale vehicle and equipment relocations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-02057) on April 3, 2026, with $1,168,375 in assets and $2,447,238 in liabilities. Shawn Tobin, owner, signed the petition. Judge James M. Carr presides over the case. Jacob Troxell, Esq., at Allen Wellman Harvey Keyes Cooley, LLP represents the Debtor as legal counsel. TRANQUILITY FARMS: Case Summary & One Unsecured Creditor -------------------------------------------------------- Debtor: Tranquility Farms, LLC 3016 Royal Virginia Pkwy. Louisa VA 23093 Business Description: Tranquility Farms, LLC is a Louisa, Virginia-based company classified under the traveler accommodation industry. Chapter 11 Petition Date: April 18, 2026 Court: United States Bankruptcy Court Eastern District of Virginia Case No.: 26-31623 Judge: Hon. Keith L Phillips Debtor's Counsel: Robert B. Easterling, Esq. ROBERT B. EASTERLING, ATTORNEY AT LAW 2217 Princess Anne Street #100-2 Fredericksburg VA 22401 Tel: 540-373-5030 Email: eastlaw@easterlinglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Arlene D. Simmons as manager. The Debtor listed the Goochland County Treasurer as its sole unsecured creditor, with a $5,000 claim related to taxes. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7MYGORY/Tranquility_Farms_LLC__vaebke-26-31623__0001.0.pdf?mcid=tGE4TAMA TRIPLE STICKS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Triple Sticks Foods, LLC 9200 W. Main Street Belleville, IL 62223 Business Description: Triple Sticks Foods, LLC is a Belleville, Illinois-based frozen food manufacturer that produces ready-to-eat sandwiches and other handheld food products, operating a production facility equipped with automated assembly and blast-freezing capabilities to support large-scale output. Founded in 2017, the company provides co-manufacturing and private-label services to foodservice operators and retail brands, including school meal programs. Chapter 11 Petition Date: April 16, 2026 Court: United States Bankruptcy Court Southern District of Illinois Case No.: 26-30341 Judge: Hon. Mary E Lopinot Debtor's Bankruptcy Counsel: Eric C. Peterson, Esq. SPENCER FANE 1 North Brentwood Blvd. Suite 1200 St. Louis, MO 63105 Tel: 314-863-7733 Email: epeterson@spencerfane.com Debtor's Financial Advisor: DAWI CONSULTING, LLC Debtor's Conflicts Counsel: THE DESAI LAW FIRM Debtor's Business Broker/ Investment Banker: RAVINIA CAPITAL, LLC Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by Joseph Trover as principal. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ZBBU4AA/Triple_Sticks_Foods_LLC__ilsbke-26-30341__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ZHGJAOQ/Triple_Sticks_Foods_LLC__ilsbke-26-30341__0001.0.pdf?mcid=tGE4TAMA TRIVISTA OIL: Tom Howley Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 7 appointed Tom Howley, Esq., at Howley Law, PLLC as Subchapter V trustee for Trivista Oil Co., LLC and Trivista Operating LLC. Mr. Howley will be paid an hourly fee of $575 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Howley declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tom Howley, Esq. Howley Law, PLLC 711 Louisiana Street, Suite 1850 Houston, TX 77002 Telephone: (713) 333-9120 Email: tom@howley-law.com About Trivista Oil Co. LLC Trivista Oil Co., LLC is an oil-sector company focused on energy-related business activities in the United States. Trivista Oil Co., LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32229) on April 2, 2026. The petition lists estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The case is being handled by Honorable Bankruptcy Judge Jeffrey P. Norman. The debtor is represented by R. J. Shannon, Esq., of Shannon Lee Beatty, LLP. VISIONARY PLANNING: Linda Leali Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq., as Subchapter V trustee for Visionary Planning, Inc. Ms. Leali will be paid an hourly fee of $450 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Leali declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Linda M. Leali Linda M. Leali, P.A. 2525 Ponce De Leon Blvd., Suite 300 Coral Gables, FL 33134 Telephone: (305) 341-0671, ext. 1 Facsimile: (786) 294-6671 Email: leali@lealilaw.com About Visionary Planning Inc. Visionary Planning, Inc. owns a residential property located at 3303 Halissee Street in Coconut Grove, Florida, with an estimated value of $1.6 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14272) on April 6, 2026, with $1,869,865 in assets and $2,460,400 in liabilities. Sallie Rodriguez, president, signed the petition. Jesus Santiago, Esq., at Dasa Law represents the Debtor as bankruptcy counsel. WAHL TO WAHL: Gets Extension to Access Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of New York entered its ninth interim order authorizing Wahl to Wahl Auto, LLC to continue using cash collateral. Under the order, the Debtor is permitted to use cash collateral in accordance with an approved budget pending a further hearing. The Debtor projects total operational expenses of $29,200 for April and $500 for May. As protection, the Debtor is required to make payments of $7,000 each to Automotive Finance Corporation and NextGear Capital by April 30. Additionally, secured creditors will be granted continuing replacement liens on collateral and proceeds, maintaining the same validity, extent, and priority as their pre-petition interests. The order preserves all parties' rights to challenge lien validity, priority, or enforceability. It also clarifies that all issues related to cash collateral use may be revisited at subsequent hearings. The court scheduled the next hearing for May 5. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/PQ1jX from PacerMonitor.com. About Wahl to Wahl Auto LLC Wahl to Wahl Auto LLC, doing business as Wahl To Wahl Car Sales, operates a 34-acre auto recycling facility and used car dealership in Otsego County, New York. Wahl to Wahl Auto filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-60846) on September 22, 2025. At the time of filing, the Debtor estimated $1,096,667 in assets and $1,925,266 in liabilities. The petition was signed by Anthony S Wahl as sole member. Judge Wendy A. Kinsella presides over the case. Peter A. Orville, Esq. at Orville & McDonald Law, P.C. represents the Debtor as counsel. WGM PARTNERS: Tamara Miles Ogier Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Tamara Miles Ogier, Esq., at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee for WGM Partners, LLC. Ms. Ogier will be paid an hourly fee of $475 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Ogier declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tamara Miles Ogier, Esq. Ogier, Rothschild & Rosenfeld, PC P.O. Box 1547 Decatur, GA 30031 Phone: (404) 525-4000 About WGM Partners LLC WGM Partners, LLC owns a residential property at 645 Americas Cup Cove in Alpharetta, Georgia, with an estimated market value of $1.2 million. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-54625) on April 6, 2026, with $1,200,173 in assets and $806,792 in liabilities. Edwin Jean-Pierre, managing member, signed the petition. Douglas Jacobson, Esq., at the Law Office of Douglas Jacobson, LLC represents the Debtor as bankruptcy counsel. XPRESSGUARDS LLC: Unsecureds to Get Share of Income for 3 Years --------------------------------------------------------------- Xpressguards LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Subchapter V Plan of Reorganization dated April 13, 2026. The Debtor is a Florida limited liability company with Moise Louissaint as managing member. This is a three-year disposable income plan under Section 1191(b)/(c) of the Bankruptcy Code. The Debtor commits ALL projected disposable income over the three-year Plan Term to pay creditors. The Debtor does NOT commit to paying 100% of all allowed claims. Rather, the Plan pays creditors the greater of: (a) the liquidation value of the Debtor's assets, or (b) all projected disposable income over the three-year Plan Term. Additionally, fifty percent of net recoveries from the Debtor's pending causes of action (litigation recoveries) shall be distributed to the general unsecured creditor pool as additional consideration, with the remaining fifty percent retained by the Debtor to fund operations and plan payments. Class 4 consists of General Unsecured Claims. All holders of Allowed General Unsecured Claims shall receive a pro rata share of the Projected Disposable Income remaining after payment of: (1) Administrative Expense Claims; (2) Class 1 Secured Claim monthly payments (already incorporated into projections); (3) Class 2 Priority Tax reserves; and (4) Class 3 Priority Wage Claims. Distributions to Class 4 shall be made annually by the Sub V Trustee from the PDI collected during the prior year. Class 4 is Impaired. Pursuant to Section 1186(b) of the Bankruptcy Code, property of the estate shall NOT vest in the Debtor until the Debtor receives a discharge under Section 1192 of the Bankruptcy Code. Property shall remain property of the estate during the Plan Term. The Debtor shall operate the business and manage the property of the estate in the ordinary course, subject to the oversight of the Sub V Trustee. The Plan commits $1,553,343.20 in Projected Disposable Income plus 50% of litigation recoveries to creditors, compared to ZERO recovery for unsecured creditors in a Chapter 7 liquidation. A full-text copy of the Subchapter V Plan dated April 13, 2026 is available at https://urlcurt.com/u?l=VHsRH4 from PacerMonitor.com at no charge. Counsel to the Debtor: Jesus Santiago, Esq. DASA Law 14100 Palmetto Frontage Road Suite 370 Miami Lakes, FL 33016 Email: eService@Dasa.Law About Xpressguards LLC Headquartered in Hollywood, Florida, XPressGuards, LLC provides professional security services across multiple U.S. states, including armed and unarmed guards, surveillance, executive protection, fire watch, security assessments, and investigations, serving commercial, healthcare, hospitality, and construction sectors. Founded and managed by former law enforcement officers, XPressGuards specializes in delivering comprehensive, tailored security programs for diverse industries. XPressGuards filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10383) on January 13, 2026, with $501,283 in assets and $2,452,440 in liabilities. Moise Louissaint, authorized representative, signed the petition. Judge Scott M. Grossman presides over the case. Jesus Santiago, Esq., represents the Debtor as legal counsel. XTM INC: Resumes Tip Program & Commences Court-Approved SISP ------------------------------------------------------------ XTM Inc. announced on February 27, 2026, that the Company and its subsidiary, Everyday People Payments Inc. (together, the "XTM Entities") were granted protection pursuant to the Companies' Creditors Arrangement Act pursuant to an Order of the Ontario Superior Court of Justice. The Fuller Landau Group Inc. was appointed Monitor of the XTM Entities. The CCAA Proceedings were commenced to allow the XTM Entities time to stabilize the business and consider their restructuring options. As part of the stabilization of the business, the Company, through its service provider, Everyday People Financial Corp., and with the oversight of the Monitor, recommenced operation of the EveryDay Payments platform on March 20, 2026. Since March 20, Merchants have been restarting their use of the EveryDay Platform to disburse same day tips to their employees. On April 2, 2026, in order to further advance the progress made to stabilize its business, the XTM Entities sought and obtained an Order from the Court for the appointment of FAAN Advisors Group Inc. to serve as their Chief Restructuring Officer to, among other things, assist the Company in advancing its restructuring and participate in the development and implementation of a sale and investment solicitation process. On April 10, 2026, the Court granted an order, among other things, (i) approving the SISP to canvass the market to solicit interest in the opportunity for a sale or investment in all or part of the Company's assets and business operations, including the EveryDay Platform; and (ii) approving a stalking horse subscription agreement between XTM and Pateno Payments Inc., the Company's debtor-in-possession financier, establishing a minimum transaction benchmark for the SISP and bringing operational stability to the business. The SISP is intended to generate the best offers for the Company's property, assets and undertakings. The process will be conducted by the Monitor with the assistance of the CRO and the Company. Further details of the Stalking Horse Agreement are available on the Monitor's website at the link provided below. If the Stalking Horse Bidder is the successful bid, Court approval will be required before the Stalking Horse Bidder agreement and the transaction is consummated. Persons interested in participating in the SISP may register their interest by contacting the Monitor as indicate below. Registrants will receive a process summary describing the opportunity, together with access to a virtual data room upon execution of a non-disclosure agreement and submission of the information required under the SISP. The SISP will commence on April 27, 2026, and the deadline to submit binding offers under the SISP is June 8, 2026, at 4:00 p.m. (Eastern Daylight Time). Interested persons should contact the Monitor at: The Fuller Landau Group Inc. 151 Bloor St. West, 12th Floor Toronto, ON M5S 1S4 Phone: (647) 417-0389 Email: gchibukhchyan@fullerllp.com Copies of the materials filed in the CCAA Proceedings and the SISP are available on the Monitor's website at, https://fullerllp.com/active_engagements/xtm-inc/. The trading in the Company's common shares continue to remain halted on the CSE. About XTM Inc. XTM Inc. is a Toronto-based fintech enabler and the founder of AnyDay(R), a real-time payroll, tip, and earned wage access platform. (www.paidanyday.com). The XTM Entities are subject to the terms of the Order and readers are encouraged to read the Initial Order issued by the Court and the Temporary Order issued by the Bank of Canada in their entirety. [] Hogan Lovells and Cadwalader Approve Historic Law Firm Merger ---------------------------------------------------------------- The proposed combination to form Hogan Lovells Cadwalader has been approved by partner vote, paving the way to create a scaled global finance platform with deep, globally integrated regulatory and disputes capabilities serving key G20 markets, including New York and London. The combination will bring together Hogan Lovells--a recognized leader in highly regulated sectors across corporate and M&A, regulatory, IP, and litigation and other disputes work--with Cadwalader Wickersham & Taft's market-leading finance, structured products, and capital markets capabilities. With approximately 3,100 lawyers across the Americas, EMEA, and APAC, Hogan Lovells Cadwalader will be among the top firms globally by revenue and size. The combination creates a firm with deep historic roots and offices in many of the world's leading commercial and legal centers--Hogan Lovells Cadwalader will be the second largest firm in Washington D.C., one of the top 10 in London, and one of the top 25 in New York. The firm will have one of the largest offices of any major law firm in the rapidly growing financial capital of Charlotte, North Carolina. "We are creating a firm like no other, with the expertise to advise clients on their most complex work across the G20," said Hogan Lovells CEO Miguel Zaldivar, who will serve as CEO of Hogan Lovells Cadwalader. "We have been on the road over the past few months speaking with clients, partners, associates, and business teams--and these conversations have emphatically affirmed the strategic thinking that inspired this combination. We see strong opportunities for growth, and clients have expressed enthusiasm and excitement for the combined firm's expanded reach and depth." Both firms are entering this combination from a position of strength, having come off robust financial years. "Our combined strength will enhance our ability to invest in top talent in a fiercely competitive legal market, as well as in AI and other technology at a vital time for these investments. Our shared heritage of ambition, innovation, and commitment to our clients' success provides us with a strong foundation to integrate our firms, and to continue building a legal platform that anticipates client needs," said Cadwalader Co-Managing Partner Patrick Quinn, who will become Global Managing Partner for Client and Practice Integration of the combined firm. "Clients have told us they want integrated teams that collaborate across practices and offices, and provide comprehensive, business critical advice," observed Cadwalader Co-Managing Partner Wesley Misson, who will serve as Global Managing Partner for the Finance Practice. "This is particularly true for those executing complex financing and transactional work along the New York-London corridor--a major opportunity for Hogan Lovells Cadwalader." Following the completion of the merger, New York will become the fifth engine of the combined firm, alongside London, Washington, D.C., Germany, and FRIS (the region of France, Italy, and Spain). A new Hogan Lovells Cadwalader logo, developed collaboratively by a team from both firms, pays tribute to the heritage of the Hogan Lovells and Cadwalader brands while pointing ahead to the future. Both firms share storied legacies and complementary client bases. As the oldest law firm on Wall Street, Cadwalader has served clients for over 230 years and is recognized for shaping the evolution of modern finance. The firm was the first Wall Street firm to open an office in Charlotte 30 years ago. Hogan Lovells has been serving clients in Washington, D.C. for more than 120 years, in London for more than 125 years, and in Germany for more than 135 years. Governance Highlights The firm will be led by partners from both firms, reflecting Hogan Lovells Cadwalader's integrated transatlantic model and collaborative culture. Four Cadwalader partners will serve on the combined firm's 21-member International Management Committee, and two will join a 13-seat Board upon completion of the combination. Hogan Lovells' leadership will remain in place at the combined firm. In addition to Quinn and Misson, partners from Cadwalader who will take on leadership positions at Hogan Lovells Cadwalader include: * Angela Batterson -- Partner in Cadwalader's Fund Finance Group and a member of the firm's Management Committee, will join Hogan Lovells Cadwalader's Board. * Holly Chamberlain -- Co-Chair of Cadwalader's Finance Group, Head of the firm's Real Estate Finance practice, and member of the firm's Management Committee, will also join the Board of the combined firm and will serve as Co-Practice Area Leader of the Real Estate Practice. * Stuart Goldstein -- Co-Chair of Cadwalader's Capital Markets Practice, Managing Partner of the Charlotte office, and member of the firm's Management Committee, will become the Deputy Regional Managing Partner for the Americas, and will serve as co-Practice Area Leader of the Structured Finance and Derivatives Practice. * William Mills -- Chair of Cadwalader's Corporate Group and member of the firm's Management Committee, will serve as Office Managing Partner -- New York for Hogan Lovells Cadwalader. * Tim Hicks, Co-head of Cadwalader's Fund Finance Group, will become the Office Managing Partner -- Charlotte. Additional information on the combination and both firms can be found at www.oursharedambition.com [] Province Expands ABC and Wind-Down Services with New Partners ---------------------------------------------------------------- Province, a leading financial advisory firm, is pleased to welcome Andrew De Camara and Bernie Murphy as Partners. The addition of Mr. De Camara and Mr. Murphy provides Province's clients with access to decades of experience in Assignments for the Benefit of Creditors (ABC) and wind-down services, further strengthening the firm's multidisciplinary service offerings. As part of their practice, Mr. De Camara and Mr. Murphy will expand the firm's capabilities across sectors, bringing unique expertise in managing financial distress scenarios for venture or private-equity-backed middle-market technology companies. "We're thrilled to bring Andrew and Bernie to Province, helping grow our best-in-class capabilities for clients across the entire financial advisory lifecycle," said Paul Huygens, CEO, Province. "Organizations facing financial distress are increasingly prioritizing quick and efficient solutions as they navigate critical, high-stakes decisions. Having Andrew and Bernie on board helps us optimize our offerings across ABC, wind-down, and other holistic restructuring solutions. We look forward to deepening our bench with their expertise." Mr. De Camara and Mr. Murphy join Province as the firm advances its commitment to serving the evolving needs of its clients, building on its core restructuring capabilities while extending its platform through its recent acquisition of StoneTurn. Learn more about Andrew De Camara and Bernie Murphy. About Province Province is an internationally recognized advisory firm that helps clients navigate complex strategic, operational, financial, and legal challenges. Province provides a broad suite of multidisciplinary services to clients across four key areas of practice: restructuring advisory; disputes, investigations & risk advisory; capital markets; and office of the CFO. Founded in 2008, Province has a track record of success in some of the largest and most complex transactions, with over 500 in- and out-of-court restructurings and $400 billion in debt restructured. With over 300 professionals, 19 offices across 5 continents, and globally diversified experience spanning 100+ countries, Province delivers unparalleled results to its clients. Learn more at www.ProvinceFirm.com. [] U.S. Foreclosure Filings Jump 26% Year-Over-Year in Q1 2026 -------------------------------------------------------------- ATTOM, the leading provider of property data, AI-powered analytics, and real estate intelligence solutions, released its Q1 2026 U.S. Foreclosure Market Report, which shows a total of 118,727 U.S. properties with a foreclosure filing during the first quarter of 2026, up 6 percent from the previous quarter and up 26 percent from a year ago. The report also shows a total of 45,921 U.S. properties with foreclosure filings in March 2026, up 18 percent from the previous month and up 28 percent from a year ago. "Foreclosure activity increased in the first quarter, with both starts and completed foreclosures posting solid year-over-year gains," said Rob Barber, CEO at ATTOM. "While volumes remain below historical peaks, the continued rise, especially in starts and bank repossessions, suggests financial pressure may be building for some homeowners and could signal shifting housing market dynamics." Foreclosure starts rise nationwide A total of 82,631 U.S. properties started the foreclosure process in Q1 2026, up 7 percent from the previous quarter and up 20 percent from a year ago. States that had the greatest number of foreclosure starts in first quarter of 2026 included: * Texas (10,617 foreclosure starts); * Florida (10,099 foreclosure starts); * California (7,985 foreclosure starts); * Georgia (4,356 foreclosure starts); and * New York (3,886 foreclosure starts). U.S. Foreclosure Starts Those major metros with a population of 200,000 or more that had the greatest number of foreclosures starts in Q1 2026 included: * New York, NY (3,868 foreclosure starts); * Houston, TX (3,614 foreclosure starts); * Chicago, IL (3,401 foreclosure starts); * Atlanta, GA (2,520 foreclosure starts); and * Dallas, TX (2,427 foreclosure starts). Worst foreclosure rates in Indiana, South Carolina, and Florida Nationwide one in every 1,211 housing units had a foreclosure filing in Q1 2026. States with the worst foreclosure rates were: * Indiana (one in every 739 housing units with a foreclosure filing); * South Carolina (one in every 743 housing units); * Florida (one in every 750 housing units) * Delaware (one in every 757 housing units); and * Illinois (one in every 833 housing units). Among 227 metropolitan statistical areas with a population of at least 200,000, those with the worst foreclosure rates in Q1 2026 were: * Lakeland, Florida (one in every 409 housing units); * Punta Gorda, FL (one in 416); * Columbia, SC (one in 440); * Fayetteville, NC (one in 480); and * Macon, GA (one in 492). U.S. Historical Total Foreclosure Activity Major metros with a population of at least 1 million and foreclosure rates in the top 20 worst nationwide included: * Cleveland, OH (No. 6) * Jacksonville, Florida (No.11); * Indianapolis, IN (No. 12); and * Orlando, Florida (No. 17). Bank repossessions post 45 percent annual gain Lenders repossessed 14,020 U.S. properties through foreclosure (REO) in Q1 2026, up 2 percent from the previous quarter and up 45 percent from a year ago. U.S. Completed Foreclosures (REOs) Among states with 100 or more REOs in Q1 2026, those with the greatest annual increases in number of REOs were: * Colorado (increase from 99 REOs in Q1 2025 to 321 REOs in Q1 2026); * Alabama (increase from 153 to 355) * Washington (increase from 104 to 224); * Oregon (increase from 80 to 170); and Florida (increase from 487 to 1,014). Average foreclosure timelines decline 14 percent from last year Properties foreclosed in Q1 2026 had been in the foreclosure process for an average of 577 days. This was down 3 percent from the previous quarter and 14 percent from the same time last year, marking six consecutive quarters of decline. Average Days to Complete Foreclosure States with the longest average foreclosure timelines for homes foreclosed in Q1 2026 were: * Louisiana (3,140 days); * Hawaii (2,119 days); * New York (1,911 days); * Connecticut (1,686 days); and * Nevada (1,422 days). States with the shortest average foreclosure timelines for homes foreclosed in Q1 2026 were Texas (165 days); West Virgina (178 days); Alaska (192 days); Wyoming (193 days); and Rhode Island (219 days). March 2026 Foreclosure Activity High-Level Takeaways -- Nationwide in March 2026, one in every 3,131 properties had a foreclosure filing. -- States with the worst foreclosure rates in March 2026 were: * South Carolina (one in every 1,996 housing units with a foreclosure filing); * Indiana (one in every 2,122 housing units); * Florida (one in every 2,124 housing units); * Illinois (one in every 2,238 housing units); and * New Jersey (one in every 2,266 housing units). -- 30,334 U.S. properties started the foreclosure process in March 2026, up 17 percent from the previous month and up 21 percent from March 2025. -- Lenders completed the foreclosure process on 5,229 U.S. properties in March 2026, up 28 percent from the previous month and up 42 percent from December 2025. U.S. Foreclosure Market Data by State – Q1 2026 * U.S. Total * Total Properties with Filings: 118,727 * Foreclosure Rate: 1 in every 1,211 housing units * % Change vs Q4 2025: +6.30% * % Change vs Q1 2025: +26.37% --- * Alabama (Rank 14) * Filings: 1,996 * Rate: 1 in 1,171 * Q4 Change: +23.59% * YoY Change: +38.71% * Alaska (Rank 28) * Filings: 198 * Rate: 1 in 1,615 * Q4 Change: +10.00% * YoY Change: +66.39% * Arizona (Rank 13) * Filings: 2,807 * Rate: 1 in 1,137 * Q4 Change: +23.77% * YoY Change: +31.05% * Arkansas (Rank 22) * Filings: 947 * Rate: 1 in 1,473 * Q4 Change: +3.95% * YoY Change: +65.27% * California (Rank 17) * Filings: 12,318 * Rate: 1 in 1,189 * Q4 Change: +12.34% * YoY Change: +15.11% * Colorado (Rank 18) * Filings: 2,092 * Rate: 1 in 1,238 * Q4 Change: +14.07% * YoY Change: +74.04% * Connecticut (Rank 29) * Filings: 938 * Rate: 1 in 1,644 * Q4 Change: -3.10% * YoY Change: -27.57% * Delaware (Rank 4) * Filings: 613 * Rate: 1 in 757 * Q4 Change: +4.07% * YoY Change: +1.83% * District of Columbia * Filings: 328 * Rate: 1 in 1,101 * Q4 Change: -6.82% * YoY Change: +16.31% * Florida (Rank 3) * Filings: 13,683 * Rate: 1 in 750 * Q4 Change: -0.99% * YoY Change: +43.67% * Georgia (Rank 10) * Filings: 4,549 * Rate: 1 in 998 * Q4 Change: +24.09% * YoY Change: +77.83% * Hawaii (Rank 39) * Filings: 223 * Rate: 1 in 2,547 * Q4 Change: 0.00% * YoY Change: +18.62% * Idaho (Rank 27) * Filings: 506 * Rate: 1 in 1,571 * Q4 Change: +1.40% * YoY Change: +75.69% * Illinois (Rank 5) * Filings: 6,551 * Rate: 1 in 833 * Q4 Change: +5.32% * YoY Change: +3.08% * Indiana (Rank 1) * Filings: 4,028 * Rate: 1 in 739 * Q4 Change: +44.94% * YoY Change: +33.16% * Iowa (Rank 16) * Filings: 1,210 * Rate: 1 in 1,188 * Q4 Change: +0.50% * YoY Change: +14.47% * Kansas (Rank 46) * Filings: 381 * Rate: 1 in 3,395 * Q4 Change: +7.93% * YoY Change: +38.55% * Kentucky (Rank 34) * Filings: 986 * Rate: 1 in 2,052 * Q4 Change: +1.44% * YoY Change: +5.34% * Louisiana (Rank 21) * Filings: 1,515 * Rate: 1 in 1,392 * Q4 Change: -6.25% * YoY Change: +15.74% * Maine (Rank 33) * Filings: 377 * Rate: 1 in 1,994 * Q4 Change: -15.47% * YoY Change: +3.86% * Maryland (Rank 8) * Filings: 2,732 * Rate: 1 in 937 * Q4 Change: +0.52% * YoY Change: +43.87% * Massachusetts (Rank 35) * Filings: 1,447 * Rate: 1 in 2,094 * Q4 Change: -8.94% * YoY Change: +5.62% * Michigan (Rank 24) * Filings: 3,050 * Rate: 1 in 1,515 * Q4 Change: +10.87% * YoY Change: +4.92% * Minnesota (Rank 31) * Filings: 1,331 * Rate: 1 in 1,912 * Q4 Change: -0.45% * YoY Change: +25.45% * Mississippi (Rank 40) * Filings: 491 * Rate: 1 in 2,731 * Q4 Change: +20.94% * YoY Change: +64.77% * Missouri (Rank 30) * Filings: 1,541 * Rate: 1 in 1,833 * Q4 Change: +11.51% * YoY Change: +48.89% * Montana (Rank 47) * Filings: 104 * Rate: 1 in 5,081 * Q4 Change: +2.97% * YoY Change: +67.74% * Nebraska (Rank 42) * Filings: 310 * Rate: 1 in 2,785 * Q4 Change: +10.71% * YoY Change: +14.81% * Nevada (Rank 6) * Filings: 1,566 * Rate: 1 in 847 * Q4 Change: +5.53% * YoY Change: +4.68% * New Hampshire (Rank 41) * Filings: 234 * Rate: 1 in 2,771 * Q4 Change: -3.70% * YoY Change: +21.24% * New Jersey (Rank 7) * Filings: 4,166 * Rate: 1 in 910 * Q4 Change: -1.33% * YoY Change: +14.04% * New Mexico (Rank 26) * Filings: 615 * Rate: 1 in 1,556 * Q4 Change: +17.59% * YoY Change: +30.30% * New York (Rank 19) * Filings: 6,582 * Rate: 1 in 1,304 * Q4 Change: +10.14% * YoY Change: +32.92% * North Carolina (Rank 15) * Filings: 4,141 * Rate: 1 in 1,182 * Q4 Change: +29.81% * YoY Change: +55.79% * North Dakota (Rank 45) * Filings: 113 * Rate: 1 in 3,339 * Q4 Change: +14.14% * YoY Change: +24.18% * Ohio (Rank 9) * Filings: 5,499 * Rate: 1 in 962 * Q4 Change: +11.41% * YoY Change: +32.99% * Oklahoma (Rank 25) * Filings: 1,163 * Rate: 1 in 1,526 * Q4 Change: -17.28% * YoY Change: +2.29% * Oregon (Rank 38) * Filings: 752 * Rate: 1 in 2,471 * Q4 Change: -9.62% * YoY Change: +50.10% * Pennsylvania (Rank 20) * Filings: 4,244 * Rate: 1 in 1,368 * Q4 Change: -2.79% * YoY Change: +19.92% * Rhode Island (Rank 44) * Filings: 148 * Rate: 1 in 3,283 * Q4 Change: -24.87% * YoY Change: -22.11% * South Carolina (Rank 2) * Filings: 3,288 * Rate: 1 in 743 * Q4 Change: -5.68% * YoY Change: +39.74% * South Dakota (Rank 50) * Filings: 57 * Rate: 1 in 7,107 * Q4 Change: +83.87% * YoY Change: +185.00% * Tennessee (Rank 32) * Filings: 1,604 * Rate: 1 in 1,960 * Q4 Change: -3.08% * YoY Change: +37.92% * Texas (Rank 12) * Filings: 11,568 * Rate: 1 in 1,048 * Q4 Change: +6.05% * YoY Change: +23.67% * Utah (Rank 11) * Filings: 1,219 * Rate: 1 in 1,004 * Q4 Change: +4.10% * YoY Change: +19.39% * Vermont (Rank 49) * Filings: 50 * Rate: 1 in 6,781 * Q4 Change: +13.64% * YoY Change: +11.11% * Virginia (Rank 36) * Filings: 1,751 * Rate: 1 in 2,104 * Q4 Change: -16.66% * YoY Change: +16.19% * Washington (Rank 37) * Filings: 1,434 * Rate: 1 in 2,306 * Q4 Change: -10.77% * YoY Change: +25.02% * West Virginia (Rank 48) * Filings: 168 * Rate: 1 in 5,127 * Q4 Change: -7.18% * YoY Change: -23.29% * Wisconsin (Rank 43) * Filings: 927 * Rate: 1 in 2,997 * Q4 Change: +13.33% * YoY Change: +9.70% * Wyoming (Rank 23) * Filings: 186 * Rate: 1 in 1,490 * Q4 Change: +8.14% * YoY Change: +46.46% Table summary Quarterly declines in select states are outweighed by a broader trend of elevated foreclosure activity year-over-year. Report conclusion Foreclosure activity continued to trend upward in Q1 2026, with both starts and completions increasing year-over-year. While volumes remain low by historical standards, the sustained growth over recent quarters may point to a market gradually adjusting to broader economic pressures. Report methodology The ATTOM U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing entered into the ATTOM Data Warehouse during the month and quarter. Some foreclosure filings entered into the database during the quarter may have been recorded in the previous quarter. Data is collected from more than 3,000 counties nationwide, and those counties account for more than 99 percent of the U.S. population. ATTOM's report incorporates documents filed in all three phases of foreclosure: Default -- Notice of Default (NOD) and Lis Pendens (LIS); Auction -- Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). For the annual, midyear and quarterly reports, if more than one type of foreclosure document is received for a property during the timeframe, only the most recent filing is counted in the report. The annual, midyear, quarterly and monthly reports all check if the same type of document was filed against a property previously. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state where the property is located, the report does not count the property in the current year, quarter or month. About ATTOM ATTOM delivers AI-driven property intelligence built on one of the nation's most trusted property data assets, covering 158 million U.S. properties--99% of the population. Our engineered, multi-sourced real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics and AI-driven applications through flexible delivery options including APIs, bulk licensing, cloud delivery, market trend products, and the MCP Server for AI-powered, agentic access to engineered property data--enabling organizations to automate analysis and scale property intelligence across industries. ********* 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. 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Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The single-user TCR subscription rate is $1,400 for six months or $2,350 for twelve months, delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each per half-year or $50 annually. For subscription information, contact Peter A. Chapman at 215-945-7000. *** End of Transmission ***