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

              Tuesday, May 19, 2026, Vol. 30, No. 139

                            Headlines

1224 3RD: Commences Chapter 11 Bankruptcy in California
20 WVC: Linda Leali Named Subchapter V Trustee
22ND CENTURY: Q1 Net Loss Drops to $3.3M; Going Concern Persists
4 OEM PLASTICS: Case Summary & 20 Largest Unsecured Creditors
4145 BRIARGATE: Glen Watson Named Subchapter V Trustee

537 SUFFOLK: Commences Chapter 7 Bankruptcy in New York
57 CONCRETE: To Sell Excess Equipment to Filegonia Aggregates
74 OXFORD: June 16 Hearing Set for Motion to Convert Case
84 ENERGY: Bid for Substitute Counsel Moot After Trustee Named
A NEW START: Hires Oxford Restructuring as Financial Advisor

A NEW START: Seeks Approval to Tap Ordinary Course Professionals
AAC LENDER: New Mountain Marks $29.8MM 1L Loan at 46% Off
ABITA BREWING: Golub Capital Marks $3.4MM Loan at 18% Off
ABITA BREWING: Golub Capital Marks $7.7MM Loan at 70% Off
ABITA BREWING: Golub Capital Virtually Writes Off $5.3MM 2L Loan

ACCENDRA HEALTH: Moody's Cuts CFR to Caa1, Alters Outlook to Stable
ACI GROUP: New Mountain Marks $2.3M 1L Loan at 35% Off
ACI GROUP: New Mountain Marks $22.6M 1L Loan at 34% Off
ACI GROUP: New Mountain Marks $4.3M 1L Loan at 34% Off
ACI GROUP: New Mountain Marks $4M 1L Loan at 34% Off

ACI PARENT: New Mountain Marks $4M 1L Loan at 20% Off
ADRIANA TAFUR: Case Summary & 12 Unsecured Creditors
AEMETIS INC: Q1 Loss Narrows to $21.7M, Going Concern Doubt Remains
ALGORHYTHM HOLDINGS: Misses Initial $1.5MM Payment on SemiCab Note
ALLIANT HOLDINGS: Moody's Upgrades CFR to B2, Outlook Stable

ALOFT REMODELING: Court OKs Final Deal on Cash Collateral Access
ALORIA VINEYARDS: Seeks to Hire Equal Justice Law Group as Counsel
AMBIPAR EMERGENCY: White & Case Represents Ad Hoc Lenders Group
AMC GLOBAL: S&P Affirms 'BB-' ICR, Withdraws Rating on Repayment
AMERICAN AUTOMOTIVE: Jerrett McConnell Named Subchapter V Trustee

AMERICAN HEALTH: Seeks to Hire Trustee Services as Lead Consultant
AMERICAN STRUCTURAL: Gets Final OK to Use Cash Collateral
APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral
AQUABOUNTY TECHNOLOGIES: Q1 2026 Swings to $1.2 Million Net Loss
ARYAKA NETWORKS: Hercules Capital Marks $28.4MM 1L Loan at 25% Off

ASCEND ELEMENTS: Weil Gotshal Represents BlackRock & Just Climate
ASCENT SOLAR: 1Q Net Loss Widens to $2.18 Million
ATARA BIOTHERAPEUTICS: EcoR1 Capital, 2 Others Report Equity Stake
AUTOMOTIVE OUTFITTERS: Gets Interim OK to Use Cash Collateral
BANES PROPERTY: Seeks Chapter 7 Bankruptcy in Florida

BBBB GP: Todd Headden Named Subchapter V Trustee
BCPE GRILL: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
BENETECH INC: Golub Capital BDC Marks $5.1MM Loan at 60% Off
BENETECH INC: Golub Capital Virtually Writes Off $1.1MM Loan
BENNING & G STREET: Case Summary & Four Unsecured Creditors

BENNING & G STREET: Commences Chapter 11 Bankruptcy in D.C.
BETTERWORK MEDIA: Case Summary & 20 Largest Unsecured Creditors
BEXIN REALTY: Court Asked to Approve Chapter 11 Trustee Appointment
BIO-KEY INTERNATIONAL: Trading Suspended From Nasdaq on May 13
BLACKBEARD'S TRIPLE: Gets Extension to Access Cash Collateral

BOUND LOGISTICS: Gets Interim OK to Use Cash Collateral
BOY SCOUTS: Trustee Directed to Refund $125 to Claimants
BRAND ENGAGEMENT: To Invest $1 Million in Accelevate
BRIGHTINSIGHT INC: Horizon Technology Marks $25M Loan at 20% Off
BRUNCH ROOM: Gets Final OK to Use Cash Collateral

BUBBLES & BARKS: Wins Final Cash Collateral Access
BULLET ENERGY: Case Summary & 20 Largest Unsecured Creditors
BY HOTEL: Cuts Deal with Lenders Over Loan Defaults
CARBON HEALTH: Strikes Deal w/ Creditors to Back Restructuring Plan
CASCADE PARENT: Moody's Withdraws Caa1 CFR Following Debt Repayment

CASCADE PARENT: S&P Withdraws 'CCC+' ICR Following Debt Repayment
CASKATA INC: Court OKs Ecommerce Biz Sale to R Square Sales
CELEST INVESTMENTS: Voluntary Chapter 11 Case Summary
CHANNEL OP: Gets Final OK to Use Cash Collateral
CHESTNUT OPTICAL: Golub Capital Marks $7.5MM Loan at 20% Off

CITI CONNECT: U.S. Trustee Seeks Chapter 11 Trustee Appointment
CLEAN ENERGY: Financials From 2022 to Q3 2025 No Longer Reliable
CLICKSPRING DESIGN: Dawn Maguire Named Subchapter V Trustee
CMN GROUP: Seeks to Hire David C. Jones Jr. as Attorney
CONSILIO MIDCO: Golub Capital Marks $621,000 1L Loan at 21% Off

CONVEY HEALTH: New Mountain Marks $13.2MM 1L Loan at 35% Off
CONVEY HEALTH: New Mountain Marks $2.2MM 1L Loan at 35% Off
COREFIT LLC: Hires Smith Kane Holman LLC as Bankruptcy Counsel
CORIZON HEALTH: Voluntary Chapter 11 Case Summary
CROWN BOILER: Committee Taps Brown Rudnick as Bankruptcy Counsel

CROWN BOILER: Committee Taps Province LLC as Financial Advisor
CROWN BOILER: Committee Taps WH Burkley LLP as Local Counsel
CYCLERION THERAPEUTICS: FMR LLC Holds 15% Equity Stake
D1 READY: Michael Carmel Named Subchapter V Trustee
DARE BIOSCIENCE: Reg A Offering Closes With 195K Series A Units

DARKPULSE INC: Secures Exclusive U.S. Navy LADAR Patent License
DEL MONTE: Court Narrows Claims in Lender-on-Lender Rift
DENTISTAR P.C.: Ira Bodenstein Named Subchapter V Trustee
DIXIE GROUP: Shareholders Elect Board, OK Exec Pay and Auditor
DOCK ON COOLEY: Gets Final OK to Use Cash Collateral Until July 28

DR DELICACY: Melissa Haselden Named Subchapter V Trustee
DROPOFF INC: Horizon Technology Marks $2.6M Loan at 44% Off
DROPOFF INC: Horizon Technology Marks $6.2M Loan at 44% Off
DROPOFF INC: Horizon Technology Marks $6.8M Loan at 44% Off
DROPOFF INC: Horizon Technology Marks $7.8M Loan at 44% Off

DUSTED77 FINE: Seeks to Tap Redpoint Financial Group as Accountant
ELITE DENTAL: Golub Capital Marks $12.4MM Loan at 82% Off
ELITE DENTAL: Golub Capital Marks $19.3MM Loan at 85% Off
EMG UTICA: $55MM Term Loan Add-on No Impact on Moody's 'B3' CFR
EPIC LABORATORIES: Michael Markham Named Subchapter V Trustee

ERIE KASH: Gets Interim OK to Use Cash Collateral
EVERFORTH INC: Moody's Affirms Ba2 CFR & Alters Outlook to Negative
FAMILYTIME MANSFIELD: Frances Smith Named Subchapter V Trustee
FARMERS COOPERATIVE: Behrooz Vida Named Subchapter V Trustee
FIRST BRANDS: Federal Watchdogs Wants Ch. 11 Converted to Ch. 7

FLOOF LLC: Court OKs Final Use of Cash Collateral
FLUX POWER: Q3 2026 Loss Widens to $3.2M, GBC Facility in Default
FO&O INC: Frances Smith Named Subchapter V Trustee
FORTUNA STONEWORKS: Todd Hennings Named Subchapter V Trustee
FREE SPEECH: Alex Jones Seeks Right to Compete With The Onion

FRESHREALM INC: Court Stays Jam Stand Lawsuit Due to Bankruptcy
GALAXY TREE: Seeks to Hire TBerry LLC as Financial Advisor
GLG INVESTMENTS: Case Summary & Largest Unsecured Creditors
GLOBAL CONSULTING: Creditor Loses Bid to Dismiss Bankruptcy Case
GLOBAL MEDICAL: Moody's Ups CFR to 'B1', Outlook Stable

GRAPHIC PACKAGING: Moody's Rates $145MM Waste Disposal Bonds 'Ba2'
GW REAL ESTATE: Freddie Mac Wants Trigild's Nielson as Receiver
HARVEST SHERWOOD: Seeks to Tap Mintz Levin Cohn as Special Counsel
HDT HOLDCO: S&P Lowers ICR to 'CCC' on Strained Liquidity
HEART 2 HEART: Trustee Taps WH Burkley LLP as Special Counsel

HERITAGE SALVAGE: Gets Court OK to Use Cash Collateral
HERNAN REYES: Court Extends Cash Collateral Access to May 26
HOPS & BARLEY: Michael O'Connor Named Subchapter V Trustee
HOUGHTON MIFFLIN: New Mountain Marks $14.2M 1L Loan at 15% Off
HS PURCHASER: New Mountain Marks $24.2M 2L Loan at 33% Off

HS PURCHASER: New Mountain Marks $28.2M 2L Loan at 17% Off
HS PURCHASER: New Mountain Marks $4.5M 2L Loan at 33% Off
HUDSON RIVER TRADING: $600MM Loan Upsize No Impact on Moody's CFR
I&I DIAMONDS: Carol Fox of GlassRatner Named Subchapter V Trustee
IMPAC MORTGAGE: Hires Development Specialists as Financial Advisor

IMPAC MORTGAGE: Hires Pachulski Stang Ziehl & Jones as Co-Counsel
IMPAC MORTGAGE: Hires Verita Global as Administrative Advisor
IMPAC MORTGAGE: Seeks to Hire Dentons US LLP as Bankruptcy Counsel
INSPIRED HEALTHCARE: Hires Reid Collins & Tsai as Special Counsel
INSPIREMD INC: Net Loss Widens to $13.7 Million in Q1 2026

INTERNATIONAL UNION: Seeks to Hire Compass CPAs as Accountant
INVATECH PHARMA: Seeks to Hire Whitman as Environmental Specialist
IPA ASSET: R. Kenneth Barnard's Appointment as Trustee OK'd
JASON MOWATT: Can Proceed Under Subchapter V
JELD-WEN HOLDING: S&P Downgrades ICR to 'CCC+', Outlook Negative

JJ STUCKEY: Kathleen O'Malley Named Subchapter V Trustee
JMJ FILMS: U.S. Trustee Seeks Chapter 11 Trustee Appointment
JOHN FITZGIBBON: Seeks to Hire Spencer Fane LLP as Legal Counsel
JVL 1998: Seeks Subchapter V Bankruptcy in Missouri
KENNEDY-WILSON INC: Moody's Rates New Senior Unsecured Notes 'B2'

KINGDOM REAL: Ruediger Mueller of TCMI Named Subchapter V Trustee
KOINONIA CONSTRUCTION: Nevada Properties Sale to 3 Buyers OK'd
KOSMOS ENERGY: S&P Upgrades ICR to 'B-', Outlook Stable
LAKE EFFECT: Ruediger Mueller of TCMI Named Subchapter V Trustee
LAUNDRY BAR: Katharine Battaia Clark Named Subchapter V Trustee

LIGADO NETWORKS: Mediation Not Appropriate in Inmarsat Appeal
LIGHTHOUSE COMMUNITY: John Whaley Named Subchapter V Trustee
LIQUID TECH: $75MM Term Loan Add-on No Impact on Moody's 'B2' CFR
MADISON ATRINA: Gets Final OK to Use Cash Collateral
MARTIN MIDSTREAM: S&P Downgrades ICR to 'B-' on Refinancing Risk

MATH AND SCIENCE ACADEMY: S&P Lowers Existing Debt Rating to 'BB-'
MEDLINE BORROWER: Moody's Rates New Sec. First Lien Term Loan 'Ba1'
MEGA KYON: Seeks Cash Collateral Access
MERCER INTERNATIONAL: Q1 2026 Net Loss Widens to $52 Million
MERCER INTERNATIONAL: Secures Waiver on German Credit Facility

MERRICK WOODWORKING: Joli Lofstedt Named Subchapter V Trustee
MILLER'S CONTRACTING: Leona Mogavero Named Subchapter V Trustee
MORA OAK: Court Extends Cash Collateral Access to June 1
MP ELK GROVE: Case Summary & 16 Unsecured Creditors
MP ELKO II: Case Summary & One Unsecured Creditor

MURPHY OIL: Moody's Rates New $500MM Senior Unsecured Notes 'Ba2'
MURPHY'S CONCRETE: Jeanette McPherson Named Subchapter V Trustee
NAPA MANAGEMENT: Moody's Cuts CFR to Caa2, Outlook Stable
NAUTICUS ROBOTICS: Issues $1.56 Million Convertible Debenture
NB ELEMENT: Bankruptcy Case Venue Transferred to California

NEW CONSTELLIS: S&P Downgraded ICR to 'CCC', Outlook Negative
NEW FORTRESS: Receives Nasdaq Minimum Bid Price Deficiency Notice
NEW MEXICO TERMINAL: Hires Parr Consulting LLC as Tax Preparer
NEXT GENERATION: Stephen Moriarty Named Subchapter V Trustee
NOR-WES INC: Seeks to Hire Chad M. Garland CPA LLC as Accountant

NORTH AMERICAN CONSTRUCTION: S&P Affirms 'BB-' Long-Term ICR
NUSSBAUM LOWINGER: Chapter 11 Trustee Appointment Sought
OCUGEN INC: Raises $99.5M Net via $115M Convertible Note Offering
OLENOX INDUSTRIES: Completes 1-for-10 Reverse Split of Common Stock
ONE OFF ROD: Natasha Songonuga Named Subchapter V Trustee

OPTIMUM COMMUNICATIONS: Debt Maturities Trigger Going Concern Doubt
ORIGINCLEAR INC: Names Interim CEO After Death of Riggs Eckelberry
ORION ADVISOR: $150MM Loan Add-on No Impact on Moody's 'B3' CFR
PANADERIA RICA: Carlos Garcia Miranda Named Subchapter V Trustee
PARKERVISION INC: Q1 Net Loss Cuts to $1.6M, Going Concern Persists

PETVET CARE: New Mountain Marks $27.9M 1L Loan at 14% Off
PETVET CARE: New Mountain Marks $742,000 1L Loan at 14% Off
PLANVIEW PARENT: New Mountain Marks $3.7MM 1L Loan at 25% Off
PLANVIEW PARENT: New Mountain Marks $9.2MM 2L Loan at 33% Off
PLATES RESTAURANT: Leon Jones Named Subchapter V Trustee

PLUMBING NERDS: Daniel Etlinger Named Subchapter V Trustee
POLAR POWER: Gets Nasdaq Letter Over $144,000 Equity
POLAR POWER: Receives Nasdaq Equity Deficiency Notice
POWER BLOCK: Court OKs Appointment of Chapter 11 Trustee
PPS REALTY 449: Seeks Chapter 11 Bankruptcy in New Jersey

PRESTIGE BRANDS: Moody's Cuts CFR to Ba3 & Alters Outlook to Stable
PURPLE INNOVATION: To Appeal Nasdaq Delisting Determination
QVC GROUP: The Goldman Sachs Group Holds 23.3% Equity Stake
RAD DIVERSIFIED: Affiliate Seeks to Sell Wilton Property at Auction
RAD DIVERSIFIED: Affiliate to Sell Philadelphia Property at Auction

RAD DIVERSIFIED: Committee Hires Greenberg Traurig LLP as Counsel
RAD DIVERSIFIED: Seeks to Sell Philadelphia Properties at Auction
RAYFORD SURGICAL: Hires Nathan Sommers as Bankruptcy Counsel
RCMBGNY INC: Voluntary Chapter 11 Case Summary
RCP HOMES: Frederic Schwieg Named Subchapter V Trustee

REACTION BIOLOGY: Golub Capital Marks $3MM Loan at 33% Off
REALTRUCK GROUP: Moody's Cuts CFR to Ca, Outlook Stable
RELLIS CAMPUS: Seeks to Hire Marathon Capital as Investment Banker
RESIDEO FUNDING: ADI Global Spinoff Credit Positive, Moody's Says
REVIVA PHARMACEUTICALS: UBS Group AG Holds 5.82% Equity Stake

RIVERSEDGE ADVANCED: Campbell & Levine Appointed as Receiver
RLG HOLDINGS: New Mountain Finance Marks $4.1MM 1L Loan at 53% Off
RLG HOLDINGS: New Mountain Finance Marks $7.1MM 1L Loan at 53% Off
RLG HOLDINGS: New Mountain Marks $1.1MM 1L Loan at 53% Off
RLG HOLDINGS: New Mountain Marks $10.7MM 2L Loan at 83% Off

RLG HOLDINGS: New Mountain Marks $11.6 million 1L Loan at 52% Off
ROOTED ENTERPRISE: Commences Chapter 11 Bankruptcy in Texas
S&G HOSPITALITY: Court Extends Cash Collateral Access to May 31
SA POOL: Michael Colvard Named Subchapter V Trustee
SAPPHIRE EXCHANGE: Gets Interim OK to Use Cash Collateral

SCHMIDTEVIL INC: Seeks to Hire Steidl and Steinberg PC as Counsel
SCREEN REPAIR: Jerrett McConnell Named Subchapter V Trustee
SELECTIS HEALTH: Closes $15.7MM Sale of Two Georgia SNF Properties
SENIOR HOME HEALTH: Gets Interim OK to Use Cash Collateral
SENSEONICS HOLDINGS: Lifts Going Concern Doubt After $92MM Offering

SENSIENCE INC: S&P Downgrades Issuer Credit Rating to 'SD'
SF OAKLAND: Seeks to Hire Peter N. Hadiaris as Appellate Counsel
SHARING ECONOMY: Names New CEO, CFO and Directors
SHARON VITALE: Hires Nicholson & Eastin LLP as Special Counsel
SHORELINE BUILDERS: Wins Interim Cash Collateral Access

SOBR SAFE: To Cut About 70% of Workforce in Restructuring
SONNY BOY: Taps Deiches & Ferschmann as Bankruptcy Counsel
SONSHINE REAL: Commences Chapter 11 Bankruptcy in Missouri
SPANISH BROADCASTING: Court Okays $7MM DIP Funding
SPANISH BROADCASTING: Milbank & Richards Layton Advise Noteholders

SPHERE 3D: Advances Business Combination with Cathedra Bitcoin
SPIRIT AIRLINES: Delta CEO Links Co.'s Fall to Budget Model Limits
SPIRIT AVIATION: Cohen Weiss Represents Pilots & Machinists Unions
STERLING CREDIT: Court Won't Reinstate Stay in "Glenn" Case
STOLI GROUP: Court Extends Cash Collateral Access to May 27

STUCKEY PREMIER: Kathleen O'Malley Named Subchapter V Trustee
SUDOXE LLC: To Sell Bowie Property to WYIMCO TX for $860K
SUPERIOR METAL: Seeks to Hire Murphy Law as Special Counsel
SUPERIOR METAL: Seeks to Hire Ong & Company as Accountant
SVK CAPITAL: Hires Kornfield Nyberg Bendes Kuhner as Attorney

SYP – NORTHWEST: Behrooz Vida Named Subchapter V Trustee
TAM BOYTHE: Case Summary & Seven Unsecured Creditors
TEMPO ACQUISITION: New Mountain Marks $20MM 1L Loan at 27% Off
THUNDER RIDE: Pearl Delta Loses Bid to Dismiss Adversary Case
TITAN FITNESS: Golub Capital BDC Marks $612,000 Loan at 50% Off

TITAN FITNESS: Golub Capital Marks $3.1M Loan at 35% Off
TITAN FITNESS: Golub Capital Marks $42.8M Loan at 35% Off
TMC MAINTENANCE: Gets Final OK to Use Cash Collateral
TMK HAWK: New Mountain Marks $10.2M 1L Loan at 36% Off
TMK HAWK: New Mountain Marks $27.4M 1L Loan at 35% Off

TOGETHERWORK HOLDINGS: Golub Capital Marks $254,000 Loan at 23% Off
TONIX PHARMACEUTICALS: All Four Proposals Passed at Annual Meeting
TOURISTA NY: Seeks Chapter 7 Bankruptcy in New York
TPD DESIGN: Gets Interim OK to Use Cash Collateral
TUNKHANNOCK TRAILS: Hires John J. Martin as Bankruptcy Counsel

TURTLE LANE: Trustee Taps Coldwell Banker Realty as Broker
UGA STREET: Case Summary & Six Unsecured Creditors
UNITED FP: Moody's Affirms 'Caa3' CFR, Outlook Stable
UNITY FABRICATION: Hires Lane Law Firm LLP as Bankruptcy Counsel
UPSHOT BREWING: Edward Burr Named Subchapter V Trustee

VILLAGE HOMES: To Sell Fort Worth Property to Sherea Calderon
VILLAGE OF FOREST: Moody's Assigns 'Ba1' Issuer Rating
VIVAKOR INC: Amends Forbearance Terms on $7.93M Debt
VPR HOLDINGS: To Sell Eastsound Property to Ashley & Ryan Sheffer
W. GATES REAL: Seeks to Hire Tom Bible Law as Bankruptcy Counsel

W/L PROPERTIES: Hires Lawrence & Jurkiewicz LLC as Attorney
WAIPAHU LLC: Case Summary & 11 Unsecured Creditors
WATCHTOWER FIREARMS: Condon Tobin Withdraws as Counsel
WAYFAIR LLC: Moody's Rates New $400MM Secured Notes Due 2034 'B2'
WEISER ONION: Case Summary & Nine Unsecured Creditors

WELLPATH HOLDINGS: Day, et al. Win Dismissal of Keim Lawsuit
WEST TECHNOLOGY: Moody's Appends 'LD' Designation to 'Caa3-PD' PDR
WHERE FAMILIES: Natasha Songonuga Named Subchapter V Trustee
WILD CHILD: Ronald Friedman Named Subchapter V Trustee
WISDOM DENTAL: Gets Extension to Access Cash Collateral

XOS INC: Cuts Conversion Price on $20 Million Aljomaih Note
ZION OIL & GAS: Q1 Loss Widens to $2.08MM, Going Concern Persists
ZOE CENTER: Case Summary & 20 Largest Unsecured Creditors

                            *********

1224 3RD: Commences Chapter 11 Bankruptcy in California
-------------------------------------------------------
On May 12, 2026, 1224 3rd Avenue LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Central District of
California. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on June 16,
2026 at 09:30 AM at UST-LA2, TELEPHONIC MEETING. CONFERENCE
LINE:1-888-330-1716, PARTICIPANT CODE:8009991.

                      About 1224 3rd Avenue LLC

1224 3rd Avenue LLC is a real estate holding company engaged in
property ownership and investment activities.

1224 3rd Avenue LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-14676) on May 12, 2026. In its
petition, the Debtor reports estimated assets between $1 million
and $10 million and estimated liabilities between $100,001 and
$1,000,000.

Honorable Bankruptcy Judge Julia W. Brand handles the case.

The Debtor is represented by Amira Heath, Esq. of Amira Management
& Investments, Inc.


20 WVC: Linda Leali Named Subchapter V Trustee
----------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Linda Leali, Esq.,
as Subchapter V trustee for 20 WVC, LLC.

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 20 WVC LLC

20 WVC, LLC, doing business as CG Tax Certificates, LLC, filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 26-16038) on May 8, 2026.

At the time of the filing, the Debtor reported between $50,001 and
$100,000 in both assets and liabilities.


22ND CENTURY: Q1 Net Loss Drops to $3.3M; Going Concern Persists
----------------------------------------------------------------
22nd Century Group, Inc. has filed its Quarterly Report on Form
10-Q with the U.S. Securities and Exchange Commission, reporting a
net loss of $3.3 million for the three months ended March 31, 2026,
compared to a net loss of $4.3 million for the same period in the
prior year. Revenues for the three months ended March 31, 2026 were
$4.1 million, compared to $6 million in the prior-year period.

Liquidity and Capital Resources

The Company has incurred significant losses and negative cash flows
from operations since inception and expects to incur additional
losses until such time that it can generate significant revenue and
profit in its tobacco business. The Company had negative cash flow
from operations of $3.1 million and $2.97 million for the three
months ended March 31, 2026 and 2025, respectively, and an
accumulated deficit of $402.2 million and $398.9 million as of
March 31, 2026 and December 31, 2025, respectively. As of March 31,
2026, the Company had cash and cash equivalents of $9.5 million.

Given the Company's projected operating requirements and its
existing cash and cash equivalents, there is substantial doubt
about the Company's ability to continue as a going concern through
the next 12 months.

In response to these conditions, management continues to evaluate
different strategies for reducing expenses, as well as pursuing
financing strategies which include raising additional funds through
the issuance of debt or equity securities, asset sales, and through
arrangements with strategic partners. If capital is not available
to the Company when, and in the amounts needed, it could be
required to liquidate inventory, cease or curtail operations, or
seek protection under applicable bankruptcy laws or similar state
proceedings. There can be no assurance that the Company will be
able to raise the capital it needs to continue operations.
Management's plans do not alleviate substantial doubt about the
Company's ability to continue as a going concern through the next
12 months.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/2j2tcvpa

                     About 22nd Century Group

Mocksville, N.C.-based 22nd Century Group, Inc. is a tobacco
products company specializing in the sales and distribution of its
proprietary reduced nicotine tobacco products, which have been
authorized as Modified Risk Tobacco Products by the FDA. The
company also provides contract manufacturing services for
conventional combustible tobacco products for third-party brands.

Buffalo, New York-based WithumSmith+Brown, PC, issued a "going
concern" qualification in its report dated March 26, 2026, citing
that the Company has incurred significant losses and negative cash
flows from operations since inception and expects to incur
additional losses until such time that it can generate significant
revenue and profit in its tobacco business. This raises substantial
doubt about the Company's ability to continue as a going concern.

As of March 31, 2026, the Company had $30.3 million in total
assets, $9.1 million in total liabilities, and $21.2 million in
total stockholders' equity.


4 OEM PLASTICS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: 4 OEM Plastics LLC
        2214 Corner Ridge
        Suite 165
        San Antonio TX 78219

Business Description: 4OEM Plastics LLC is a plastics manufacturer
established in 2020 and based in San Antonio, Texas.  The company
produces plastic corrugated tubing, extruded smooth-wall tubing
and profiles, and wiring protection system products including
manifolds, interfaces, backshells, cable channels, and cable
ducts. Its products are used in markets including automotive,
commercial vehicle, marine, rail, automation, medical, industrial,
electrical, wind, and distribution applications. The company also
plans to add custom injection molding capabilities for injection
molded products in late 2026.   

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 26-33394

Judge: Hon. Eduardo V Rodriguez

Debtor's Counsel: J. Maxwell Beatty, Esq.
                  SHANNON LEE BEATTY LLP
                  2100 Travis Street, Suite 1525
                  Houston TX 77002
                  Tel: (346) 535-0581
                  E-mail: mbeatty@shannonleellp.com
           
Total Assets as of May 11, 2026: $1,050,634

Total Liabilities as of May 11, 2026: $5,445,997

The petition was signed by Rajiv Iyengar as chief executive
officer.

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/XD3NMHI/4_OEM_Plastics_LLC__txsbke-26-33394__0001.0.pdf?mcid=tGE4TAMA


4145 BRIARGATE: Glen Watson Named Subchapter V Trustee
------------------------------------------------------
The Acting U.S. Trustee for Region 8 appointed Glen Watson, Esq.,
at Watson Law Group, PLLC as Subchapter V trustee for 4145
Briargate Parkway Ops, LLC.

Mr. Watson 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. Watson declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Glen Watson, Esq.,
     Watson Law Group, PLLC
     1114 17th Av. S., Suite 201
     P.O. Box 121950
     Nashville, TN 37212
     Telephone: (615) 823-4680
     Email: glen@watsonpllc.com  

               About 4145 Briargate Parkway Ops LLC

4145 Briargate Parkway Ops, LLC, doing business as Spring Grove,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. M.D. Tenn. Case No. 26-02179) on May 6, 2026, with $100,001
to $500,000 in assets and $1 million to $10 million in
liabilities.

Judge Randal S. Mashburn presides over the case.

Michael G. Abelow, Esq., at Sherrard Roe Voigt & Harbison, PLC
represents the Debtor as legal counsel.


537 SUFFOLK: Commences Chapter 7 Bankruptcy in New York
-------------------------------------------------------
On May 13, 2026, 537 Suffolk 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 $1
million and $10 million in debt owed to between 1 and 49
creditors.

                About 537 Suffolk Corporation

537 Suffolk Corporation is a New York-based company engaged in
business and investment operations.

537 Suffolk Corporation sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-71909) on May 13, 2026. In its
petition, the Debtor reports estimated assets between $0 and
$100,000 and estimated liabilities between $1 million and $10
million.

Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case.
The Debtor is represented by counsel of record in the bankruptcy
proceeding.


57 CONCRETE: To Sell Excess Equipment to Filegonia Aggregates
-------------------------------------------------------------
57 Concrete LLC and it affiliates, 57 RGV Machinery LLC, 57 Fuels
LLC, and 57 Logistics LLC, seek approval from the U.S. Bankruptcy
Court for the Southern District of Texas, Houston Division, to sell
Property, free and clear of liens, claims, interests, and
encumbrances.

The Debtors operate an integrated ready-mix concrete and related
equipment platform. 57 RGV Machinery LLC owns and leases heavy
equipment used in the production and delivery of ready-mix
concrete, with 57 Concrete LLC as its primary customer. 57 Fuels
LLC and 57 Logistics LLC support the Debtors' operations through
fuel-related activities, transportation, and ownership of certain
related assets.

The Debtors commenced these Chapter 11 Cases to stabilize
operations, address liquidity constraints, restructure secured
obligations, and pursue a coordinated reorganization strategy. In
furtherance of those objectives, the Debtors have evaluated
opportunities to monetize equipment that is not necessary to
ongoing operations and to apply value realized from such
dispositions in accordance with the rights of applicable
lienholders and the Bankruptcy Code.

In connection with the Debtors' efforts to monetize excess
equipment and reduce secured debt obligations, the Debtors received
two separate letters of intent from Filegonia Aggregates LLC
relating to the purchase of certain equipment assets owned by or
associated with the Debtors. Filegonia is a company owned by Pedro
Cepeda, who is also the owner of 57 RGV Machinery LLC and a partial
owner of 57 Logistics LLC and 57 Fuels LLC.

The first proposed transaction relates to certain equipment
financed by or otherwise associated with Commercial Credit Group
Inc.

The first proposed transaction CCG Sale) relates to certain
equipment (CCG Equipment) financed by or otherwise associated with
Commercial Credit Group Inc. (CCG). Attached as Exhibit A,
Filegonia proposes to purchase the CCG
Equipment for a purchase price of $1,221,700.00. The list of
equipment is attached to Exhibit A to the CCG Equipment Letter of
Intent.

The second proposed transaction (Equify Sale) relates to certain
equipment Equify Equipment) financed by or otherwise associated
with Equify Financial, LLC. Attached as Exhibit B, Filegonia
proposes to purchase the Equify Equipment for a purchase price of
$1,579,500.00. The list of equipment is attached as Exhibit A to
the Equify Equipment Letter of Intent.

Under both the CCG Equipment Letter of Intent and the Equify
Equipment Letter of Intent, the proposed purchase price allocated
to each individual piece of equipment is based upon the fair market
values assigned to such equipment in the appraisal reports prepared
by Truman Mox in connection with these Chapter 11 Cases.

On information and belief, Filegonia has either obtained financing
approval or is in the process of obtaining financing approval with
respect to each of the proposed transactions involving the CCG
Equipment and the Equify Equipment.

The Debtors understand that the contemplated transactions remain
subject to final financing approval, lender documentation, payoff
letters, title review, and other customary closing conditions.

More specifically, the Debtors seek authority to consummate: the
CCG Sale for an aggregate purchase price of $1,221,700.00; and the
Equify Sale for an aggregate purchase price of approximately
$1,579,500.00, in each case subject to final financing approval,
definitive documentation, payoff letters, title transfers, lien
releases, and other customary closing conditions and transaction
documents.

The Debtors further request authority to distribute net sale
proceeds to CCG and Equify pursuant to agreed payoff instructions,
closing statements, escrow arrangements, or further order of the
Court.

The Debtors request a finding that Filegonia is a good-faith
purchaser entitled to the protections of section 363(m) of the
Bankruptcy Code.

                About 57 Concrete LLC

57 Concrete LLC is a Texas-based concrete contracting company that
provides concrete construction services for residential,
commercial, and infrastructure projects. The company's operations
typically include concrete pouring, finishing, and related site
work for building and development projects across the region.

57 Concrete sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-90818) on Dec. 19, 2025.  In its
petition, the Debtor reported assets ranging from $10 million to
$50 million and estimated liabilities in the same range.

Honorable Bankruptcy Judge Christopher M. Lopez presides over the
case.

The Debtor is represented by Charles Michael Rubio, Esq., and
Lenard M. Parkins, Esq., at Parkins & Rubio, LLP.

On January 26, 2026, the United States Trustee for the Southern
District of Texas appointed an official committee of unsecured
creditors in this Chapter 11 case. The committee tapped Grable
Martin PLLC as its counsel.


74 OXFORD: June 16 Hearing Set for Motion to Convert Case
---------------------------------------------------------
Judge Christopher J. Panos of the U.S. Bankruptcy Court for the
District of Massachusetts will continue on June 16 the hearing on
the motion filed by Assistant U.S. Trustee Richard King to convert
the chapter 11 bankruptcy case of 74 Oxford Street LLC to chapter
7, or in the alternative to dismiss the case.

At the time of filing the motion, the Debtor has failed to file
operating reports or to seek timely extension to file monthly
operating reports for November 2025, January 2026, and February
2026. The U.S. Trustee argues failure to file these reports is a
ground for conversion or dismissal of the case.

A copy of the motion is available at http://urlcurt.com/u?l=J8TTBB
from Pacermonitor.com

                 About 74 Oxford Street LLC

74 Oxford Street LLC owns a multi-family residential building at
72-74 Oxford Street, Cambridge, MA, valued at $7.75 million.

74 Oxford Street LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 25-12442) on November 12,
2025. In its petition, the Debtor reports total assets of
$7,750,000 and total liabilities of $6,464,475.

Honorable Judge Christopher J. Panos oversees the case.

The Debtor is represented by Peter N. Tamposi, Esq. of THE TAMPOSI
LAW GROUP, P.A.


84 ENERGY: Bid for Substitute Counsel Moot After Trustee Named
--------------------------------------------------------------
Chief Judge Eduardo V. Rodriguez of the U.S. Bankruptcy Court for
the Southern District of Texas denied as moot the motion for
extension of time to retain substitute counsel in adversary
proceeding filed by Aaron Shimek and 84 Energy, LLC.

On April 20, 2026, the Court ordered a chapter 11 trustee to be
appointed. The chapter 11 trustee has the right to employ
professionals such as attorneys. Accordingly, the motion is now
moot.

As shared by the Troubled Company Report, Judge Rodriguez approved
the appointment of Drew McManigle as Chapter 11 trustee for 84
Energy, LLC.

Mr. McManigle was appointed on April 23 by the U.S. Trustee for
Region 7, the Justice Department's bankruptcy watchdog overseeing
84 Energy's Chapter 11 case.

In a court filing, Mr. McManigle declared that he does not have any
connections with 84 Energy, creditors, the U.S. Trustee or any
other parties in interest.

Mr. McManigle is the chief executive officer and founder of MACCO
Group, a nationwide business restructuring and business turnaround
advisory firm.

                     About 84 Energy LLC

84 Energy, LLC is an independent oil and gas exploration and
production company based in Richmond, Texas, operating across
multiple counties in the state. The Company manages mineral and
lease interests, and it produces crude oil, natural gas, and
related hydrocarbons from its wells.  Its operations include
managing active production sites and associated assets within the
Texas energy sector.

84 Energy sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Tex. Case No. 25-37093) on November 25, 2025,
listing up to $50,000 in assets and between $1 million and $10
million in liabilities. Aaron Shimek, president of 84 Energy,
signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

The Debtor tapped Richard L. Fuqua, II, Esq., at Fuqua &
Associates, PC as legal counsel and David McGowan, CPA, as
accountant.


A NEW START: Hires Oxford Restructuring as Financial Advisor
------------------------------------------------------------
A New Start Primary Care, LLC and A New Start II, LLC seek approval
from the U.S. Bankruptcy Court for the Western District of Kentucky
to hire Oxford Restructuring Advisors LLC as financial advisor.

The firm will render these services:

     a. assist the Debtors in restructuring efforts;

     b. conduct an assessment of the Debtors' financial
information;

     c. collaborate with the Debtors' personnel and counsel in
preparing Statements of Financial Affairs, Schedules of Assets and
Liabilities and other filings necessary for the Debtors' compliance
with the U.S. Bankruptcy Code and applicable rules;

     d. assist the Debtors in preparing and tracking results
against a short-term cash forecast;

     e. assist the Debtors and counsel as necessary in negotiations
with lenders to obtain use of cash collateral;

     f. assist the Debtors in preparing and filing monthly
operating reports and in complying with other financial matters
necessary to their ongoing Chapter 11 cases;

     g. assist the Debtors' personnel and counsel in the
preparation of a proposed bankruptcy plan of reorganization; and

     h. perform such other services as requested or directed by the
Debtors and agreed to by the firm.

The firm will be paid as follows:

     Senior Managing Directors   $675/hour
     Managing Directors          $625/hour
     Senior Associates           $425/hour
     Analysts                    $250-$300/hour

The firm has received the total sum of $52,500 as a retainer
prepetition.

Andrew Simon, a managing director of Oxford, assured the court that
the firm is a "disinterested person" as defined at 11 U.S.C. Sec.
101(14).

The firm can be reached through:

     Andrew M. Simon
     Oxford Restructuring Advisors LLC
     4520 Cooper Road, Suite 203
     Cincinnati, OH 45242
     Tel: (502) 585-1100
     Email: asimon@oxfordrestructuring.com

       About A New Start Primary Care LLC

Based in Central City, Kentucky, A New Start Primary Care, LLC and
A New Start II, LLC operate affiliated outpatient healthcare
providers focused on substance use disorder treatment and
behavioral health care. The organizations provide
medication-assisted treatment, counseling and case management for
opioid use disorder in an outpatient clinical setting.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 26-40292) on April
17, 2026. Timothy Dukes, member, president and chief executive
officer, signed the petitions.

At the time of the filing, A New Start Primary Care disclosed up to
$50,000 in assets and $1 million to $10 million in liabilities
while A New Start II listed $1 million to $10 million in both
assets and liabilities.

Judge Charles R. Merrill presides over the case.

Heather M. Thacker, Esq., at Gartland Thacker DelCotto, PLLC
represents the Debtors as legal counsel.


A NEW START: Seeks Approval to Tap Ordinary Course Professionals
----------------------------------------------------------------
A New Start Primary Care, LLC and A New Start II, LLC seek approval
from the U.S. Bankruptcy Court for the Western District of Kentucky
to retain non-bankruptcy professionals in the ordinary course of
business.

The Debtor needs ordinary course professionals (OCPs) to perform
services for matters unrelated to this Chapter 11 case.

The Debtor seeks to pay OCPs 100 percent of the fees and expenses
incurred.

The Debtor does not believe that any of the OCPs have an interest
materially adverse to it, its estates, creditors, or other parties
in interest in connection with the matter upon which they are to be
engaged.

The OCPs include:

     a. E&M Accounting, LLC -- provides general bookkeeping on a
monthly basis, general accounting advice and services, and prepares
taxes.

     b. Dean Dorton -- provides credentialing and insurance
services.

       About A New Start Primary Care LLC

Based in Central City, Kentucky, A New Start Primary Care, LLC and
A New Start II, LLC operate affiliated outpatient healthcare
providers focused on substance use disorder treatment and
behavioral health care. The organizations provide
medication-assisted treatment, counseling and case management for
opioid use disorder in an outpatient clinical setting.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 26-40292) on April
17, 2026. Timothy Dukes, member, president and chief executive
officer, signed the petitions.

At the time of the filing, A New Start Primary Care disclosed up to
$50,000 in assets and $1 million to $10 million in liabilities
while A New Start II listed $1 million to $10 million in both
assets and liabilities.

Judge Charles R. Merrill presides over the case.

Heather M. Thacker, Esq., at Gartland Thacker DelCotto, PLLC
represents the Debtors as legal counsel.



AAC LENDER: New Mountain Marks $29.8MM 1L Loan at 46% Off
---------------------------------------------------------
New Mountain Finance Corp has marked its $29,879,000 loan extended
to AAC Lender Holdings, LLC (American Achievement Corporation (aka
AAC Holding Corp.) to market at $16,000,000 or 54% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp is a participant in a first term loan
extended to AAC Lender Holdings, LLC (American Achievement
Corporation (aka AAC Holding Corp.)). The 1L Loan accrues interest
at a rate of SOFR(M)(17)* 6.75%/PIK + 0.50% 11.02% per annum. The
1L Loan matures on September 2027.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About AAC Lender Holdings, LLC, parent of American
Achievement Corporation

AAC Lender Holdings, LLC, parent of American Achievement
Corporation, is an education-focused company that provides
school-affiliated products and services such as class rings,
yearbooks and related memorabilia.



ABITA BREWING: Golub Capital Marks $3.4MM Loan at 18% Off
---------------------------------------------------------
Golub Capital BDC Inc. has marked its $3,452,000 loan extended to
Abita Brewing Co., L.L.C. to market at $2,846,000 or 82% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a loan extended to Abita
Brewing Co., L.L.C. The Loan accrues interest at a rate of SF +
1.00 % (j) 4.67 % PIK per annum. The Loan matures on June 1, 2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Abita Brewing Co., L.L.C.

Abita Brewing Co., L.L.C. is a craft beverage producer that
operates a brewing business financed through private credit
facilities.



ABITA BREWING: Golub Capital Marks $7.7MM Loan at 70% Off
---------------------------------------------------------
Golub Capital BDC Inc. has marked its $7,775,000 loan extended to
Abita Brewing Co., L.L.C. to market at $2,333,000 or 30% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a one stop loan extended
to Abita Brewing Co., L.L.C. The Loan accrues interest at a rate of
SF + 1.00 % (j) 4.70 % PIK per annum. The Loan matures on June 1,
2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Abita Brewing Co., L.L.C.

Abita Brewing Co., L.L.C. is a craft beverage producer that
operates a brewing business financed through private credit
facilities.



ABITA BREWING: Golub Capital Virtually Writes Off $5.3MM 2L Loan
----------------------------------------------------------------
Golub Capital BDC Inc. has marked its $5,353,000 loan extended to
Abita Brewing Co., L.L.C. to market at $107,000 or 2% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a second lien loan
extended to Abita Brewing Co., L.L.C. The Loan accrues interest at
a rate of SF + 1.00 % (j) 4.70 % PIK per annum. The Loan matures on
June 1, 2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Abita Brewing Co., L.L.C.

Abita Brewing Co., L.L.C. is a craft beverage producer that
operates a brewing business financed through private credit
facilities.



ACCENDRA HEALTH: Moody's Cuts CFR to Caa1, Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Ratings downgraded Accendra Health, Inc.'s ("Accendra")
Corporate Family Rating to Caa1 from B2 and the Probability of
Default Rating to Caa1-PD from B2-PD. Moody's also downgraded the
ratings on the senior secured bank credit facilities to B2 from B1
and the ratings on the senior unsecured notes to Caa3 from B3.
Concurrently, Moody's revised the outlook to stable from negative.

The ratings downgrade reflects Accendra's high financial leverage
and reduced business diversity following the sale of its legacy
Products & Healthcare Services business. The company faces
heightened business execution risks following the sale, exacerbated
by the recent loss of a contract with a large commercial payor.
This creates uncertainty with respect to earnings improvement. Cash
flow will be constrained by ongoing costs associated with the
business separation and higher interest costs. Moody's anticipate
that gross debt/EBITDA will remain above 5x at least over the next
12 to 18 months.

The downgrade also considers the company's aggressive financial
policy. If the proposed transaction is completed substantially as
announced, Moody's would likely classify the exchange offers as a
distressed exchange, a default under Moody's definition, because
participating noteholders would receive less than originally
promised. When the transaction closes, Moody's would temporarily
append a limited default (LD) designation to Accendra's probability
of default rating.

The proposed transaction will include amending and extending the
company's revolving credit facility into a facility of up to $300
million due 2030, refinancing its approximately $326 million 2027
term loan A with new first-lien secured notes, exchanging existing
2029 senior unsecured notes into new first-lien and second-lien
secured notes, and exchanging existing 2030 senior notes into new
second-lien secured notes. The transaction will reduce debt and
extend Accendra's maturity profile. However, the transaction will
increase interest costs by about $40 million annually.

The stable outlook reflects Moody's expectation that earnings will
remain broadly stable and that free cash flow will remain positive
but limited.

Governance considerations are material to the rating action,
reflecting the company's aggressive financial policy as evidenced
by high leverage and use of a liability management transaction that
would likely be treated as a distressed exchange if completed as
proposed.

RATINGS RATIONALE

The Caa1 CFR reflects Accendra's high leverage following the sale
of its legacy Products & Healthcare Services business, Moody's
expectation for limited earnings growth, and the company's
aggressive financial policy, including its proposed liability
management transaction. Visibility into Accendra's medium-term
earnings and deleveraging path remains limited, and leverage will
remain high even if the proposed transaction is completed. Over
time, the company's capital structure could prove unsustainable
absent stronger earnings growth and improved free cash flow
generation.

The rating is supported by Accendra's established position in
home-based healthcare products and services and by favorable
long-term industry trends, including growth in chronic conditions
and the continued shift of care into the home. Through its Apria
and Byram brands, the company provides respiratory and sleep
therapy products, as well as diabetes, ostomy, wound care and
urology supplies and related services. The business retains broad
payor relationships and a nationwide operating platform.

Moody's expect Accendra to maintain good liquidity (SGL-2) over the
next 12-18 months. Moody's project the company will generate modest
free cash flow in 2026 and 2027. Liquidity is supported by $328
million cash on hand. Liquidity is also supported by a $450 million
revolving credit facility ($255 million drawn) that expires in
March 2027 and a $150 million asset receivable securitization
facility that expires in 2028. If completed substantially as
announced, the proposed liability management transaction would
improve liquidity by refinancing the approximately $326 million
term loan A due 2027, extending the company's revolver (albeit at a
lower size) and reducing near-term refinancing risk.

The B2 rating on the senior secured debt is two notches above the
Caa1 CFR, reflecting its priority claim in the capital structure.
The Caa3 rating on the senior unsecured debts reflect its junior
position relative to a significant amount of secured debt. The Caa3
senior unsecured rating also reflects the potential for
subordination based on proposed new first-lien and second-lien
senior secured notes.

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

Moody's could upgrade the ratings if Accendra demonstrates a good
track record operating as a smaller and more focused company,
including consistent earnings growth and positive free cash flow
and debt reduction.

Moody's could downgrade the ratings if the operating performance
deteriorates such that leverage remains elevated and free cash flow
turns negative. Moody's could also downgrade the ratings if the
chance of another distressed exchange increases.

The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.

Accendra's Caa1 CFR is two notches below the B2 scorecard indicated
outcome. The two notch difference reflects uncertainty around the
company's earnings trajectory and the company's aggressive
financial policies.

Accendra Health, Inc., headquartered in Richmond, Virginia, is a
nationwide provider of products, technology and services that
support home-based care. Through its Apria and Byram brands, the
company provides equipment rentals, medical supplies and related
services for patients with chronic and complex health conditions,
including diabetes, sleep health, wound care, respiratory care,
urology and ostomy.


ACI GROUP: New Mountain Marks $2.3M 1L Loan at 35% Off
------------------------------------------------------
New Mountain Finance Corp. has marked its $2,330,000 loan extended
to ACI Group Holdings, Inc. to market at $1,514,000 or 65% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to ACI Group Holdings, Inc. The Loan accrues interest at a
rate of SOFR(Q) 2.75% + 3.25%/PIK 9.30% per annum. The Loan matures
on August 2028.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About ACI Group Holdings, Inc.

ACI Group Holdings, Inc. provides diagnostic, medical treatments,
and other health care services.



ACI GROUP: New Mountain Marks $22.6M 1L Loan at 34% Off
-------------------------------------------------------
New Mountain Finance Corp. has marked its $22,643,000 loan extended
to ACI Group Holdings, Inc. to market at $14,838,000 or 66% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to ACI Group Holdings, Inc. The Loan accrues interest at a
rate of SOFR(Q) 2.75% + 3.25%/PIK 9.80% per annum. The Loan matures
on August 2028.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About ACI Group Holdings, Inc.

ACI Group Holdings, Inc. provides diagnostic, medical treatments,
and other health care services.


ACI GROUP: New Mountain Marks $4.3M 1L Loan at 34% Off
------------------------------------------------------
New Mountain Finance Corp. has marked its $4,346,000 loan extended
to ACI Group Holdings, Inc. to market at $2,848,000 or 66% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to ACI Group Holdings, Inc. The 2L Loan accrues interest
at a rate of SOFR(Q) 2.75% + 3.25%/PIK 9.80% per annum. The 2L Loan
matures on August 2028.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About ACI Group Holdings, Inc.

ACI Group Holdings, Inc. provides diagnostic, medical treatments,
and other health care services.


ACI GROUP: New Mountain Marks $4M 1L Loan at 34% Off
----------------------------------------------------
New Mountain Finance Corp. has marked its $4,014,000 loan extended
to ACI Group Holdings, Inc. to market at $2,630,000 or 66% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to ACI Group Holdings, Inc. The 2L Loan accrues interest
at a rate of SOFR(Q) 2.75% + 3.25%/PIK 9.80% per annum. The 2L Loan
matures on August 2028.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About ACI Group Holdings, Inc.

ACI Group Holdings, Inc. provides diagnostic, medical treatments,
and other health care services.



ACI PARENT: New Mountain Marks $4M 1L Loan at 20% Off
-----------------------------------------------------
New Mountain Finance Corp. has marked its $4,014,000 loan extended
to ACI Parent Inc. to market at $3,211,000 or 80% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to ACI Parent Inc. The 1L Loan accrues interest at a rate
of SOFR(Q)* 2.75 % + 3.25 %/PIK 9.77 % per annum. The 1L Loan
matures in August 2028.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About ACI Parent Inc.

ACI Parent Inc. is a healthcare company operating in the medical
and health services sector.



ADRIANA TAFUR: Case Summary & 12 Unsecured Creditors
----------------------------------------------------
Debtor: Adriana Tafur Services, Incorporated
           d/b/a A.T. Services
        2020 NE 163rd Street
        Suite 207
        Miami, FL 33162

Business Description: Adriana Tafur Services, Incorporated,
doing business as A.T. Services, provides pediatric therapy
services, including speech therapy and related pediatric care,
through clinic and home-care services in South Florida. Founded in
2005, the North Miami Beach, Florida-based company serves children
and families through therapy programs delivered from its
North Miami Beach locations.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 26-16190

Debtor's Counsel: Daniel A. Velasquez, Esq.
                  LATHAM LUNA EDEN & BEAUDINE LLP
                  201 S. Orange Avenue, Suite 1400
                  Orlando, FL 32801
                  Tel: (407) 481-5800
                  E-mail: dvelasquez@lathamluna.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Adriana Tilley as sole shareholder.

A full-text copy of the petition, which includes a list of the
Debtor's 12 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/LGBNQEI/Adriana_Tafur_Services_Incorporated__flsbke-26-16190__0001.0.pdf?mcid=tGE4TAMA


AEMETIS INC: Q1 Loss Narrows to $21.7M, Going Concern Doubt Remains
-------------------------------------------------------------------
Aemetis, Inc. has filed its Quarterly Report on Form 10-Q with the
U.S. Securities and Exchange Commission, reporting a net loss of
$21.7 million for the three months ended March 31, 2026, compared
to a net loss of $24.5 million for the same period in the prior
year. Revenues for the three months ended March 31, 2026 were $54.6
million, compared to $42.9 million in the prior-year period.

Liquidity and Going Concern

Debt

The Company has a substantial amount of accumulated debt, and its
senior lender has a security interest in substantially all of its
assets. The Company has been reliant on its senior secured lender
to provide extensions to the maturity dates of its debt facilities
and has been required to remit substantially all excess cash from
tax credit sales as payments of that debt, in addition to other
periodic payments. In order to meet its obligations during the next
12 months, the Company will need to refinance debt with its senior
lender for amounts that are due on demand in the next 12 months or
receive its continued cooperation.

Operational Cash Flows

The Company does not currently generate positive cash flow from its
consolidated operations. The Company is reliant on obtaining
additional liquidity to satisfy its operating obligations for the
next 12 months. The Company is pursuing the following strategies to
improve liquidity:

California Ethanol

Optimize Operations. The Company plans to continue to operate the
Keyes Plant and to optimize operating parameters and purchase
contracts based on market conditions.

Reduce Natural Gas Use and Reduce Ethanol Carbon Intensity. The
Company is constructing a Mechanical Vapor Recompression system
that is expected to significantly reduce the Keyes Plant's natural
gas consumption and lower the carbon intensity of the ethanol
produced at the Keyes Plant. This will reduce overall fuel costs
and volatility and increase income from LCFS credits and Section
45Z production tax credits. The MVR system is expected to become
operational in 2026.

Monetize New Section 45Z Tax Credits. The Keyes Plant started
earning Section 45Z PTCs effective January 1, 2025, and the Company
is in the process of monetizing the credits earned during 2025 and
2026. The recent federal tax and budget legislation referred to as
the "One Big Beautiful Bill" that was enacted in July 2025 contains
provisions that are expected to increase the Company's future
income from Section 45Z PTCs for ethanol production, including an
increase in the credit amount earned for each gallon of ethanol the
Company produces and an extension of the term of the credits to a
total of five years.

Evaluate New Technologies. The Company continues to evaluate other
opportunities to improve the Keyes Plant's financial performance by
adopting new technologies or process changes that further improve
energy efficiency, decrease feedstock costs, increase coproduct
yields, and create other margin enhancements.

California Renewable Natural Gas

Operate Existing Digesters. As of March 31, 2026, the RNG segment
operates 12 anaerobic digesters that produce biogas from manure
waste received from fifteen dairies.

Construct New Digesters. The Company plans to continue to build new
dairy digesters that increase cash flow from operations as allowed
by capital availability. The Company has agreements with over fifty
dairies and expects the next set of digesters to begin producing
biogas in the third quarter of 2026. The Company is seeking new
loans and other forms of financing from a variety of sources to
facilitate additional digester construction.

Increase LCFS Credit Revenue. The California Air Resource Board has
approved provisional pathways for the RNG produced from seven of
the Company's operating dairy digesters. Dairies with approved
provisional LCFS pathways generate more LCFS credits than dairies
with temporary pathways. The Company generates LCFS credits under
lower temporary pathways at five operating digesters that have
applications for provisional pathways pending with CARB. In
addition, CARB's recently approved amendments to the LCFS
regulation that became effective July 1, 2025, are expected to
reduce the oversupply of LCFS credits and lead to higher LCFS
credit prices in the future.

Monetize New Section 45Z Tax Credits. The Company's RNG production
started earning Section 45Z production tax credits effective
January 1, 2025. The Company began monetizing the 2025 credits in
December 2025, and is planning to continue to monetize 2026 and
later credits on a regular basis. The recent federal tax and budget
legislation referred to as the "One Big Beautiful Bill" that was
enacted in July 2025 contains provisions that are expected to
increase the Company's future income from Section 45Z tax credits
for RNG production, including an increase in the credit amount
earned for each MMBtu of RNG the Company produces and an extension
of the term of the credits to a total of five years.

India Biodiesel

Continue Sales to OMCs. The Company plans to continue to operate
the Kakinada Plant to produce biodiesel and glycerin and to sell
the biodiesel to government-owned Oil Marketing Companies to help
them achieve government mandates to increase the percentage of
biodiesel used in India as a percentage of total diesel uses.

Expand Operations and Plan for IPO. The Company has hired a new
executive team in India to help develop plans for additional growth
of its India business and to execute on a potential initial public
offering of stock in its India subsidiary.

Maintain Self-Sustaining Cash Flow. The Company's India business
has been self-sustaining in recent years from a cash and liquidity
perspective, and the Company expects this to continue.

Financing

While implementing its plans to improve liquidity, the Company has
been raising cash for operations by selling equity through its
at-the-market stock registration, and expects to continue to do so.
The Company also plans to seek additional funding for existing and
new business opportunities through a combination of working with
its senior lender, restructuring or refinancing existing loan
agreements, entering into additional debt agreements for specific
projects, obtaining project specific equity and debt for
development projects, and obtaining additional debt from the
current EB-5 Phase II offering.

Summary

Notwithstanding its plans to improve liquidity and the favorable
recent events described above, based on the extent of its debt and
reliance on its senior secured lender, along with expected
near-term shortfalls in cash flow from operations, substantial
doubt exists about the Company's ability to continue as a going
concern over the next 12 months.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/3k7k4fpa


                        About Aemetis Inc.

Founded in 2006 and headquartered in Cupertino, California,
Aemetis, Inc. -- www.aemetis.com -- is an international renewable
natural gas, and renewable fuels company focused on the operation,
acquisition, development and commercialization of innovative low
and negative carbon intensity products and technologies that
replace traditional fossil fuel products. The Company operates in
three reportable segments consisting of "California Ethanol,"
"California Dairy Renewable Natural Gas," and "India Biodiesel."
The Company's mission is to create sustainable and innovative
renewable fuel solutions that benefit communities and restore the
environment. The Company achieves this by establishing a local,
circular bioeconomy that utilizes agricultural products and waste
to produce low-carbon, advanced renewable fuels that reduce
greenhouse gas (GHG) emissions and enhance air quality by replacing
traditional fossil fuel products.

Des Moines, Iowa-based RSM US LLP, the Company's auditor since
2012, issued a "going concern" qualification in its report dated
March 13, 2026, attached to the Company's Annual Report on Form
10-K for the year ended Decemeber 31, 2025, citing that the Company
has suffered recurring losses from operations and has a net capital
deficiency. This raises substantial doubt about the Company's
ability to continue as a going concern.

As of March 31, 2026, the Company had $270.3 million in total
assets, $396.2 million in total current liabilities, $195.2 million
in total long-term liabilities, and $321.1 million in total
stockholders' deficit.


ALGORHYTHM HOLDINGS: Misses Initial $1.5MM Payment on SemiCab Note
------------------------------------------------------------------
Algorhythm Holdings, Inc. disclosed in a regulatory filing that on
May 2, 2025, it issued a promissory note in the principal amount of
$1,750,000 to SemiCab Inc., a Delaware corporation, pursuant to an
equity purchase agreement among the Company and its subsidiary,
SemiCab Holdings, LLC, a Nevada limited liability company, and the
Seller.

The Promissory Note provides that $1,500,000 is due and payable by
the Company on the first anniversary of the date of issuance, or
May 2, 2026, and the remaining $250,000 is due and payable by the
Company on the 18-month anniversary of the date of issuance, or
November 2, 2026.

The Company failed to make the Initial Payment on May 2, 2026,
triggering an event of default under the Promissory Note. As a
result, the interest rate applicable to the Initial Payment
increased from six percent per annum to the default rate of eight
percent per annum. During the continuance of the default, the
Seller has the right, upon written notice, to declare all
outstanding amounts immediately due and payable.

As of May 7, 2026, the Seller has not exercised any remedies under
the Promissory Note or sought other legal remedies against the
Company.

                  About Algorhythm Holdings, Inc.

Algorhythm Holdings, Inc. (NASDAQ: RIME) is an artificial
intelligence technology company focused on the growth and
development of SemiCab, an AI-enabled software logistics and
distribution business that utilizes the Company's SemiCab
technology platform to enable retailers, brands and transportation
providers to address common supply chain problems globally. The
Company operates the SemiCab business through its subsidiary,
SemiCab Holdings, LLC.

The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since
2025, issued a "going concern" qualification in its report dated
April 1, 2026, attached to the Company's Annual Report on Form 10-K
for the year ended December 31, 2025, citing that the Company
suffered a net loss from operations and has an accumulated deficit,
which raises substantial doubt about its ability to continue as a
going concern.

As of December 31, 2025, the Company had $12,724,000 in total
assets, $14,584,000 in total liabilities, and $1,860,000 in total
shareholders' deficit.


ALLIANT HOLDINGS: Moody's Upgrades CFR to B2, Outlook Stable
------------------------------------------------------------
Moody's Ratings has upgraded the corporate family rating of Alliant
Holdings, L.P. (together with its subsidiaries, Alliant) to B2 from
B3, and Moody's have upgraded the company's probability of default
rating to B2-PD from B3-PD. For Alliant Holdings Intermediate, LLC,
Moody's have upgraded the ratings on its backed senior secured
revolving credit facility, backed senior secured term loan, and
senior secured notes to B1 from B2, and Moody's have upgraded the
ratings on its senior unsecured notes to Caa1 from Caa2. The rating
outlook for these entities is stable.

RATINGS RATIONALE

The rating upgrade reflects Alliant's strong and steady operating
performance and its record of reducing financial leverage after
significant borrowings. Alliant is a major specialty insurance
broker and program manager with expertise in several niche property
& casualty and employee benefits market segments; good
diversification across producers, clients and carriers; strong
organic revenue growth; and healthy free cash flow. The company has
expanded mainly across the US through organic growth supplemented
by experienced producer hires, and to a lesser extent through
acquisitions.

These credit strengths are offset by Alliant's significant debt
burden, contingent/legal risk related to its experienced producer
hires, integration risk associated with acquisitions, and potential
liabilities from errors and omissions, a risk inherent in
professional services. Alliant also periodically makes large
debt-funded distributions to owners, although it reduces leverage
after such transactions through earnings and free cash flow.

Moody's expect that Alliant will maintain a pro forma
debt-to-EBITDA ratio of 6x-7x, (EBITDA – capex) interest coverage
of 2.0x-2.5x, and a free-cash-flow-to-debt ratio in the
low-to-mid-single digits (per Moody's calculations). These pro
forma metrics reflect Moody's accounting adjustments for operating
leases, contingent earnout obligations, run-rate EBITDA from
acquisitions, and certain non-recurring and unusual items.

Alliant's organic revenue growth slowed to 9% in 2025 from
double-digit growth over several prior years. Moody's expect
organic growth to slow further in the year ahead largely based on
declining rates in commercial property insurance and challenges in
the distribution of Affordable Care Act policies.

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

Factors that could lead to an upgrade of Alliant's ratings include:
(i) debt-to-EBITDA ratio below 6x, (ii) (EBITDA – capex) coverage
of interest exceeding 2.5x, and (iii) free-cash-flow-to-debt ratio
exceeding 6%.

Factors that could lead to a downgrade of Alliant's ratings
include: (i) debt-to-EBITDA ratio above 7x, (ii) (EBITDA – capex)
coverage of interest below 1.5x, or (iii) free-cash-flow-to-debt
ratio below 3%.

The principal methodology used in these ratings was Insurance
Brokers and Service Companies published in February 2024.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.

Alliant, backed by Stone Point Capital and based in Irvine,
California, is an insurance broker primarily serving commercial
middle market accounts, government entities and consumers. The
company reported revenue of $5.7 billion for 2025.


ALOFT REMODELING: Court OKs Final Deal on Cash Collateral Access
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona entered an
final order approving an agreement between Aloft Remodeling of AZ,
LLC and its lender, Integro Bank, regarding the use of cash
collateral.

Under the final order, the debtor is authorized to use cash
collateral solely for ordinary and necessary post-petition
operating expenses in accordance with an approved budget attached
as Exhibit A. The debtor may exceed budgeted expenses by no more
than 12.5%. The secured creditor is not responsible for monitoring
the debtor's compliance with the budget or paying any authorized
expenses.

As adequate protection, Integro Bank will be granted replacement
liens on all post-petition assets of the Debtor, maintaining the
same priority and validity as its pre-petition interests.

Integro Bank will receive $13,000 monthly from April to June, then
$20,030.85 monthly thereafter, with both parties retaining the
right to dispute claim value and scope.

The authority to use cash collateral terminates upon certain
events, including expiration of the budget period on June 30, 2026,
payment defaults, stay relief in favor of the lender, or conversion
of the cases to Chapter 7.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/2geLk from PacerMonitor.com.

The Integro Bank loan has an estimated $1.4 million balance. The
bank's lien covers nearly all assets, including accounts
receivable, inventory, equipment and cash.

                 About Aloft Remodeling of AZ LLC

Aloft Remodeling of AZ, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No.
2:26-bk-03204-BKM) on April 1, 2026. In the petition signed by
Charles Carlson, chief executive officer, the Debtor disclosed up
to $1 million in assets and up to $10 million in liabilities.

Philip J. Giles, Esq., at Allen, Jones & Giles, PLC, represents the
Debtor as legal counsel.

Integro Bank, as lender, is represented by:

   Christopher Kaup, Esq.
   Tiffany & Bosco, P.A.
   1850 N. Central Ave.
   Twenty Fourth Floor
   Phoenix, AZ 85004
   Phone: 602.255.6024
   crk@tblaw.com


ALORIA VINEYARDS: Seeks to Hire Equal Justice Law Group as Counsel
------------------------------------------------------------------
Aloria Vineyards seeks approval from the U.S. Bankruptcy Court for
the Eastern District of California to hire Equal Justice Law Group
as counsel.

The firm's services include:

     a. providing legal advice and counsel to the Debtor regarding
its powers and duties as Debtor in Possession in the continued
operation of its business, management of its financial affairs, and
handling of its property, including advice regarding the
administration of the estate and the rights and remedies relating
to the estate’s assets and the claims of secured and unsecured
creditors, and other parties in interest;

     b. preparing, on behalf of but with the assistance of the
Debtor, all necessary applications, answers, orders, reports, and
other legal papers, including the contemplated plan of
reorganization and disclosure statement; and

     c. performing all other legal services necessary for the
proper representation of the Debtor as Debtor in Possession in this
proceeding.

The total cost of this Chapter 11 case is $18,000, of which $7,500
has been paid upfront as a retainer to Equal Justice Law Group for
legal services, with the remaining balance to be paid through the
Chapter 11 plan.

As disclosed in the court filings, Equal Justice Law Group
represents no interest adverse to the Debtor or the estate in the
matters upon which he is to be engaged.

The firm can be reached through:

     David Foyil, Esq.
     Equal Justice Law Group
     601 Court St, Ste 106
     Jackson, CA 95642-2162
     Telephone: (209) 223-5363
     Facsimile: (209) 702-0001
     Email: mail@equaljusticelawgroup.com

         About Aloria Vineyards, LLC

Aloria Vineyards, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Eastern District of California Case No.
26-10737) on February 24, 2026. At the time of the filing, Debtor
had estimated assets of between $100,001 to $500,000 and
liabilities of between $100,001 to $500,000.

Judge Jennifer E. Niemann oversees the case.

Equal Justice Law Group is Debtor's legal counsel.


AMBIPAR EMERGENCY: White & Case Represents Ad Hoc Lenders Group
---------------------------------------------------------------
In the Chapter 11 bankruptcy cases of Ambipar Emergency Response
and its debtor-affiliates, White & Case LLP filed with the United
States Bankruptcy Court for the Southern District of Texas, Houston
Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to
inform the Court that the firm represents an ad hoc group of
lenders and financing providers under debentures, working capital
loans, and other financial instruments with debtor-affiliates that
are also joint debtors (the RJ Debtors) in the jointly administered
plenary judicial reorganization proceeding under Brazilian Federal
Law No. 11.101/2005 pending before the 3rd Business Court of Rio de
Janeiro. The RJ Debtors have been substantively consolidated,
pursuant to their request submitted before the filing of this
chapter 11 case, by order of the RJ Court, and are jointly liable
for all claims against any RJ Debtor under Brazilian law.

Each member of the Ad Hoc Group of Financial Creditors has
indicated to Counsel that it holds disclosable economic interests,
or acts as investment manager, advisor, or affiliate to funds
and/or accounts that hold disclosable economic interests, in
relation to the Debtor.

Nothing contained in this Statement is intended or shall be
construed to constitute

     (i) a waiver or release of any claims against or equity
interests in the Debtor by any of the members of the Ad Hoc Group
of Financial Creditors or any of their respective affiliates,

    (ii) an admission with respect to any fact or legal theory, or


   (iii) a limitation or waiver of any rights of any members of the
Ad Hoc Group of Financial Creditors or any of their respective
affiliates to assert, file, and/or amend any claim or proof of
claim in accordance with applicable law and any orders entered in
this Chapter 11 Case.

The information contained in this Statement is provided only for
the purposes of complying with Bankruptcy Rule 2019 and is not
intended for any other use or purpose. Counsel reserves the right
to amend or supplement this Statement as may be necessary in
accordance with the requirements outlined in Bankruptcy Rule 2019.

The names, addresses, nature, and amount of all disclosable
economic interests of each present member of the Ad Hoc Group of
Financial Creditors in relation to the Debtor, are:

     1. Banco ABC Brasil S.A.
        São Paulo, SP,
        Avenida Cidade Jardim,
        No. 803, 2nd floor, 01453-000

        Name and Amount of Claims
        Loan Agreement No. LA-35.0007/25:
        US$ 651,857.94

        Cash Flow SWAP Agreement No. 16616425:
        US$$ 93,650.866

        Loan Agreement No. LA-35.0029/25:
        US$ 365,635.77

        Cash Flow SWAP Agreement No. 16801625:
        US$32,191.10

        Loan Agreement No. LA-35.0163/24:
        US$1,345,846.83

        Cash Flow Swap Agreement No. 16166024:
        US$85,534.82

        Loan Agreement No. LA-35.0164/24:
        US$1,656,426.88

        Cash Flow Swap Agreement No. 16166124:
        US$ 105,273.63

        Loan Agreement No. LA-35.0174/24:
        US$ 593,017.85

        Cash Flow Swap Agreement No. 16246524:
        US$ 58,855.98

        Loan Agreement No. LA-35.0177/24:
        US$ 8,084,073.36

        Cash Flow Swap Agreement No. 16266324:
        US$ 889,047.3126

        Loan Guarantees:
        US$ 25,393,717.26

        Cash Flow Swap Agreement Guarantees:
        US$ 2,529,107.41

     2. Banco Bradesco S/A
        Osasco, SP, Cidade de Deus, s/n,
        Vila Yara, 06029-900

        Name and Amount of Claims
        Bradesco Debentures:
        US$ 40,774,678.98

        CCB 16716957:
        US$ 1,816,794.23

        Stock Bookkeeping Service:
        US$ 6,417.52

        Stock Bookkeeping Service:
        US$ 327.82

        CCB 15963687:
        US$ 40,726.69

        CCB 16158213:
        US$ 11,341.70

        CCB 16158212:
        US$ 9,419.08

        CCB 16205190:
        US$ 1,816,794.23

        Visa Credit Card Statement:
        US 36,242.84

        Elo Credit Card Statement:
        US$10,145.74

     3. Banco Sumitomo
        Mitsui Brasileiro S/A
        São Paulo, SP, Avenida Paulista,
        No. 37, 11th and 12th Floors,
        01311-902

        Name and Amount of Claims
        EESG13 Debentures:
        US$ 95,911,619.33

Counsel to the Ad Hoc Group of Financial Creditors:

Charles R. Koster, Esq.
WHITE & CASE LLP
609 Main Street, Suite 2900
Houston, TX 77002
Tel: (713) 496-9700
Email: charles.koster@whitecase.com

     - and –

Richard S. Kebrdle, Esq.
WHITE & CASE LLP
200 South Biscayne Boulevard, Suite 4900
Miami, FLA 33131
Tel: (305) 371-2700
Email: rkebrdle@whitecase.com

     - and -

John K. Cunningham, Esq.
Ricardo Pasianotto, Esq.
WHITE & CASE LLP
1221 Avenue of the Americas
New York, NY 10022
Tel: (212) 819-8200
Email: jcunningham@whitecase.com
ricardo.pasianotto@whitecase.com

                  About Ambipar Emergency Response

Ambipar Emergency Response is a global environmental and emergency
response firm.

Ambipar Emergency Response sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90524) on
October 20, 2025. In its petition, the Debtor reports more than $1
billion in assets and $328.2 million in liabilities.

The Honorable Bankruptcy Judge Alfredo R. Perez oversees the
Chapter 11 case.

The Debtor is represented by Simpson Thacher & Bartlett LLP and
Gray Reed & McGraw LLP.

Quinn Emanuel Urquhart & Sullivan, LLP serves as counsel to the
Independent Special Committee of the Board of Directors of the
Debtor.

White & Case LLP represents an ad hoc group of lenders and
financing providers.


AMC GLOBAL: S&P Affirms 'BB-' ICR, Withdraws Rating on Repayment
----------------------------------------------------------------
S&P Global Ratings affirmed its issue-level ratings on AMC Global
Media Inc.'s existing debt, including its 'BB-' rating on its
secured debt and its 'B-' rating on its unsecured debt. S&P's '2'
recovery rating on the company's secured debt and '6' recovery
rating on its unsecured debt are unchanged.

S&P said, "At the same time, we withdrew our 'BB-' issue-level
ratings and '2' recovery ratings on AMC's senior secured notes due
2029, term loan A, and revolving credit facility, which it repaid
and terminated on May 12, 2026.

"The '2' recovery rating on the company's secured debt indicates
our expectation for substantial (70%-90%; rounded estimate: 85%)
recovery in the event of a payment default, while the '6' recovery
rating on the unsecured debt indicates our expectation for
negligible (0%-10%; rounded estimate: 5%) recovery in the event of
a payment default. We affirmed our issue-level ratings to reflect
that the modest reduction in AMC's secured debt is offset by its
lower valuation in a hypothetical default due to ongoing secular
headwinds and its lower fixed charges, which enable an extended
path to default.

"Our 'B+' issuer credit rating and stable outlook on AMC are
unchanged. The company affirmed its guidance and is performing
broadly in line with our expectations. While we expect AMC's S&P
Global Ratings-adjusted leverage may exceed our 5x threshold in
2026, we expect it will prioritize debt repayment and deleverage
over time. Meanwhile, our adjusted leverage calculation does not
net the company's sizable cash balance of $552 million as of March
31, 2026, against its debt."

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P simulated default scenario contemplates a payment default
occurring in 2030 due to a combination of the following factors:
consumers dropping their subscriptions to pay-TV video bundles in
favor of direct-to-consumer streaming video services, higher costs
for subscriber acquisitions and original programming, a prolonged
decline in advertising revenue due to economic weakness, and
financial strain from shareholder-return initiatives.

-- S&P believes the company's lenders would pursue a
reorganization rather than a liquidation in a hypothetical default
scenario due to its favorable brand recognition and relationships
with multichannel video programming distributors and other media
distributors.

-- AMC's capital structure comprises $276.7 million of 4.25%
senior notes due February 2029, $143.75 million of 4.25%
convertible senior notes due February 2029 (not rated), and $1.315
billion of 10.50% senior secured notes due July 2032.

-- S&P uses a 5.0x EBITDA multiple to reflect its view of AMC's
weaker position than its peers amid the evolving media landscape
due to cord cutting.

Simulated default assumptions

-- Simulated year of default: 2030
-- Emergence EBITDA: $259 million
-- EBITDA multiple: 5.0x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $1.23
billion

-- Value available for senior secured debt claims: $1.19 billion

-- Estimated senior secured debt claims: $1.38 billion

    --Recovery expectations: 70%-90% (rounded estimate: 85%)

-- Value available for senior unsecured debt claims: $43.1
million

-- Estimated senior unsecured debt and pari passu secured
(deficiency) claims: $429.4 million

    --Recovery expectations: 0%-10% (rounded estimate: 5%)



AMERICAN AUTOMOTIVE: Jerrett McConnell Named Subchapter V Trustee
-----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell,
Esq., at McConnell Law Group, P.A. as Subchapter V trustee for
American Automotive Alliance.

Mr. McConnell will be paid an hourly fee of $400 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. McConnell declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Jerrett M. McConnell, Esq.
     McConnell Law Group, P.A.
     6100 Greenland Rd., Unit 603
     Jacksonville, FL 32258
     Phone: (904) 570-9180
     info@mcconnelllawgroup.com  

                About American Automotive Alliance

American Automotive Alliance provides vehicle service contracts and
related vehicle protection services. The company's offerings
include roadside assistance, road hazard tire coverage, key fob
replacement, customer support, stolen vehicle reward coverage, and
identity theft recovery services. American Automotive Alliance has
been in business since 2016 and is based in Ponte Vedra Beach,
Florida.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02023) on May 5,
2026, with $191,374 in assets and $3,355,908 in liabilities. Ronnie
Mcgraw, chief executive officer, signed the petition.

Judge Jacob A. Brown presides over the case.

Thomas Adam, Esq., at Adam Lsw Group, PA represents the Debtor as
bankruptcy counsel.


AMERICAN HEALTH: Seeks to Hire Trustee Services as Lead Consultant
------------------------------------------------------------------
American Health Associates Holdings, Inc. and affiliates seek
approval from the U.S. Bankruptcy Court for the Southern District
of Florida to hire Kenneth A. Welt of Trustee Services, Inc. as
lead consultant.

Mr. Welt will be responsible for preparing and compiling Chapter 11
schedules and Statements of Financial Affairs for each of the
thirteen debtor entities.

The firm will be paid at these rates:

     Kenneth A. Welt   $400 per hour
     Support Staff     $150 to $250 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mr. Welt disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Kenneth A. Welt
     Trustee Services, Inc.
     4581 Weston Road #355
     Weston, FL 33331
     Tel: (954) 761-5161
     Email: Kaw@kawpa.com

      About American Health Associates Holdings Inc.

Headquartered in Davie, Florida, American Health Associates
Holdings, Inc.  provides clinical laboratory services, mobile
phlebotomy, mobile imaging and care-at-home diagnostic services for
the long-term care market. Founded more than 30 years ago by Debbie
Martin, a respiratory therapist, American Health Associates
Holdings serves skilled nursing facilities, nursing homes,
hospitals and physician offices, and operates 16 full-service
reference laboratories nationwide. It serves more than 3,000
long-term care facilities across the U.S.

American Health Associates Holdings and 12 affiliates sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Fla. Lead Case No. 26-14825) on April 17, 2026. In the
petition signed by Christopher Martin, president, American Health
Associates Holdings disclosed up to $50 million in both assets and
liabilities.

Judge Scott M. Grossman oversees the cases.

Bradley S. Shraiberg, Esq., at Shraiberg Page P.A., represents the
Debtors as legal counsel.


AMERICAN STRUCTURAL: Gets Final OK to Use Cash Collateral
---------------------------------------------------------
American Structural Systems, Inc. received final approval from the
U.S. Bankruptcy Court for the District of Kansas to use cash
collateral to fund its operations.

At the recent hearing, the court approved the Debtor's final use of
cash collateral after no additional objections were filed.

The Debtor was initially allowed to access cash collateral under
the court's May 5 interim order.

The interim order allowed the Debtor to use up to $12,000 in cash
collateral during the interim period in accordance with an approved
budget. It granted the Internal Revenue Service and Orange Funding,
LLC replacement liens on post-petition assets and a monthly
interest-only payment of $413.59 to the taxing agency as
protection.

As of the petition date, the Debtor's assets are valued at $50,762,
with about $16,762 considered cash collateral while its debts
significantly exceed that amount, including $73,636 owed to the IRS
and $56,849 owed to Orange Funding. The IRS holds a senior lien on
all assets while Orange Funding's interest is junior.

                 About American Structural Systems Inc.

American Structural Systems, Inc. manufactures specialized aircraft
parts for the U.S. Department of Defense.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Kan. Case No. 26-10371) on April 13,
2026. In the petition signed by Mark A. Hunter, president, the
Debtor disclosed up to $50,000 in assets and up to $100,000 in
liabilities.

Judge Mitchell L. Herren oversees the case.

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


APEX ELECTRICAL: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida,
Orlando Division issued an second interim order allowing Apex
Electrical Solutions, LLC to use cash collateral.

Under the order, the Debtor is authorized to use cash collateral to
cover necessary business expenses outlined in an approved budget,
with a permitted variance of up to 10% per line item. The Debtor
may also make payments approved by the Court, including payments to
the Subchapter V Trustee, and any additional amounts expressly
approved in writing by ODK Capital, LLC (OnDeck). This
authorization remains effective through June 11, unless extended by
agreement of the parties.

The Debtor projects total operational expenses of $174,294.19 for
the period from April 27 to June 14.

To protect creditors, the court granted adequate protection in the
form of replacement liens to ODK Capital, LLC and other secured
creditors. These liens apply to post-petition cash collateral and
maintain the same priority and validity as prepetition liens,
without requiring further documentation.

The Debtor is also required to maintain appropriate insurance
coverage and comply with all obligations of a debtor-in-possession
under bankruptcy law.

The order is entered without prejudice, preserving the rights of
parties to seek modifications or assert claims regarding cash
collateral.

A continued hearing is scheduled for June 11.

                   About Apex Electrical Solutions LLC

Apex Electrical Solutions, LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01865) on
March 17, 2026, with $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.

Eric S. Golden, Esq. at Burr & Forman LLP represents the Debtor as
legal counsel.


AQUABOUNTY TECHNOLOGIES: Q1 2026 Swings to $1.2 Million Net Loss
----------------------------------------------------------------
AquaBounty Technologies, Inc. has filed its Quarterly Report on
Form 10-Q with the U.S. Securities and Exchange Commission,
reporting a net loss of $1.2 million for the three months ended
March 31, 2026, compared to a net income of $401,135 for the same
period in the prior year.

Future Capital Requirements

Since inception, the Company has incurred cumulative net losses and
negative cash flows from operating activities, and expects this to
continue for the foreseeable future. As of March 31, 2026, the
Company had $441 thousand in cash balances. The Company's ability
to continue as a going concern is dependent upon its ability to
raise additional capital, and there can be no assurance that such
capital will be available in sufficient amounts, on a timely basis,
on terms acceptable to the Company, or at all. This raises
substantial doubt about the Company's ability to continue as a
going concern within one year after the date that the accompanying
consolidated financial statements are issued.

During 2025, the Company completed multiple sales of certain Ohio
Equipment Assets for cumulative gross proceeds of $5.0 million and
completed the sale of its Canadian Farms for gross proceeds of $2.1
million. In October 2025, the Company completed an issuance of
senior notes for net proceeds of $3.3 million.

On February 11, 2026, the Company completed an equity transaction
with certain investors, pursuant to which it sold an aggregate of
1,269,509 shares of its Common Stock and pre-funded warrants to
purchase an aggregate of 67,706 shares of Common Stock for gross
proceeds of $1.15 million. The Company plans to continue to sell
assets, or to issue equity or debt securities to increase its cash
liquidity and fund its evolving strategic plan.

Until such time, if ever, as the Company can generate positive cash
flows from operating activities, it may finance its cash needs
through a combination of sales of non-core assets, equity
offerings, debt financings, government or other third-party
funding, strategic alliances, and licensing arrangements. To the
extent that the Company raises additional capital through the sale
of equity or convertible debt securities, the ownership interests
of holders of its common stock will be diluted, and the terms of
these securities may include liquidation or other preferences that
adversely affect the rights of holders of its common stock. Debt
financing, if available, may involve agreements that include
covenants limiting or restricting the Company's ability to take
specific actions, such as incurring additional debt, making capital
expenditures, or declaring dividends. If the Company raises
additional funds through government or other third-party funding,
marketing and distribution arrangements, or other collaborations,
strategic alliances, or licensing arrangements with third parties,
it may have to relinquish valuable rights to its technologies,
future revenue streams, research programs, or product candidates or
to grant licenses on terms that may not be favorable to the
Company.

If the Company is unable to generate additional funds in a timely
manner, it will exhaust its resources and will be unable to
maintain its currently planned operations. If the Company cannot
continue as a going concern, its stockholders would likely lose
most or all of their investment in the Company.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/ykwnt3tc

                          About AquaBounty

AquaBounty Technologies, Inc., headquartered in Harvard,
Massachusetts, develops genetically engineered Atlantic salmon and
previously operated farms in Indiana and Canada, which it has sold
along with associated intellectual property, trademarks, and
patents.  Its primary remaining asset is the Ohio Farm Project in
the U.S., consisting of land, construction in progress, and
equipment.  The Company is focused on realizing the potential of
this asset through new investment, partnerships, or other strategic
options.

In its audit report dated March 31, 2026, Deloitte & Touche LLP
issued a "going concern" qualification citing that the Company has
limited operating assets and incurred cumulative net losses that
raise substantial doubt about its ability to continue as a going
concern.

As of March 31, 2026, the Company had $10.2 million in total
assets, $12.4 million in total liabilities, and $2.1 million in
total stockholders' deficit.


ARYAKA NETWORKS: Hercules Capital Marks $28.4MM 1L Loan at 25% Off
------------------------------------------------------------------
Hercules Capital, Inc. has marked its $28,360,000 loan extended to
Aryaka Networks, Inc. to market at $21,196,000 or 75% of the
outstanding amount, according to Hercules' 10-Q for the period
ended March 31, 2026, filed with the U.S. Securities and Exchange
Commission on May 5, 2026.

Hercules Capital, Inc. is a participant in a senior secured loan
extended to Aryaka Networks, Inc. The 1L Loan accrues interest at a
rate of Prime + 1.80%, with a 9.30% floor rate, 1.25% PIK interest
and a 6.73% exit fee per annum. The 1L Loan matures in December
2028.

Hercules Capital, Inc. is a specialty finance company that provides
senior secured venture growth financing to high‑growth,
innovative, venture capital-backed companies.

The Fund is led by Scott Bluestein as President, Chief Executive
Officer, and Chief Investment Officer and Seth H. Meyer as Chief
Financial Officer, and Chief Accounting Officer.

The Fund can be reached at:

     Scott Bluestein
     HERCULES CAPITAL, INC.
     1 North B Street., Suite 2000
     San Mateo, CA 94401
     Telephone: (650) 289-3060

              About Aryaka Networks, Inc.

Aryaka Networks, Inc. is a technology company that provides
software-defined wide area networking and network-as-a-service
solutions to enterprise customers.



ASCEND ELEMENTS: Weil Gotshal Represents BlackRock & Just Climate
-----------------------------------------------------------------
In the Chapter 11 bankruptcy cases of Ascend Elements, Inc. and its
debtor-affiliates, Weil, Gotshal & Manges LLP filed with the United
States Bankruptcy Court for the Southern District of Texas, Houston
Division, a Verified Statement pursuant to Bankruptcy Rule 2019 to
inform the Court that the firm represents:

     (i) funds and/or accounts, or subsidiaries of such funds
and/or accounts, managed, advised, or controlled by BlackRock
Financial Management, Inc., or a subsidiary or an affiliate
thereof, and

    (ii) Just Climate, as holders of funded debt and equity
interests in Ascend Elements, Inc.

consisting of:

         -- senior secured convertible promissory notes due June
2027,

         -- amended and restated junior subordinated secured
convertible promissory notes due June 2027, and

         -- Existing Equity Interests.

According to the Verified Statement:

     1. Weil represents only BlackRock and Just Climate, and does
not represent or purport to represent any other entities with
respect to the Debtors' chapter 11 cases.

     2. The information is based upon information provided by
BlackRock and Just Climate, as applicable, as of the date hereof
and is subject to change. The amounts set forth herein do not
include claims for, without limitation, accrued and unpaid interest
(including interest accruing after the commencement of the chapter
11 cases), fees, expenses, premiums, indemnification, or other
amounts that may be owing under either of the purchase agreements
pursuant to which the Junior Secured Notes or the Senior Secured
Notes, as applicable, were issued or other instruments.

     3. Nothing in this Verified Statement should be construed as a
limitation upon, or a waiver of, the right of any member of
BlackRock or Just Climate to assert, file, or amend its claims in
accordance with applicable law and any orders entered in these
chapter 11 cases.

     4. Upon information and belief formed after due inquiry, Weil
does not own, and has not owned, any claims against or interests in
the Debtors except for claims for services rendered to BlackRock
and Just Climate.

     5. Weil reserves the right to revise, supplement, and/or amend
this Verified Statement in accordance with the requirements
outlined in Bankruptcy Rule 2019 at any time in the future.

The names, addresses, and the nature and amount of all disclosable
economic interests in relation to the Debtors held by BlackRock and
Just Climate, as applicable, as of the date of this Verified
Statement are:

     1. Certain funds and/or accounts, or
        subsidiaries of such funds
        and/or accounts, managed,
        advised or controlled by BlackRock
        50 Hudson Yards
        New York, NY 10001

        Junior Secured Notes
        $12,949,761.10

        Senior Secured Notes
        $10,000,000

        Existing Equity Interests
        9.41% of Common Equity

        Warrant to purchase 27,925,000
        shares of common stock

     2. Just Climate
        20 Air Street,
        London, W1B 5AN,
        United Kingdom

        Junior Secured Notes
        $14,491,507.28

        Senior Secured Notes
        $0

        Existing Equity Interests
        10.53% of Common Equity

Attorneys for BlackRock and Just Climate:

Stephanie N. Morrison, Esq.
Austin B. Crabtree, Esq.
WEIL, GOTSHAL & MANGES LLP
700 Louisiana Street, Suite 3700
Houston, TX 77002
Tel: (713) 546-5000
Fax: (713) 224-9511
Email: Stephanie.Morrison@weil.com
       Austin.Crabtree@weil.com

     - and -

Sunny Singh, Esq.
WEIL, GOTSHAL & MANGES LLP
767 Fifth Avenue
New York, NY 10153
Te: (212) 310-8000
Fax: (212) 310-8007
Email: Sunny.Singh@weil.com

                  About Ascend Elements, Inc.

Ascend Elements, Inc. is an advanced manufacturing and recycling
company dedicated to producing sustainable lithium-ion battery
materials. Founded in 2015, the company operates from its
headquarters in Westborough, Massachusetts, and serves the growing
electric vehicle supply chain.

Ascend Elements sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90440) on April 9,
2026. In its petition, the Debtor reports estimated assets between
$1 million and $10 million and estimated liabilities between
$500,000 and $1 million.

The Hon. Bankruptcy Judge Christopher M. Lopez handles the case.

The Debtor is represented by Ryan E. Manns, Esq. of Norton Rose
Fulbright US LLP.  The Debtors hired Adam Titus of Alvarez & Marsal
North America, LLC as chief restructuring officer; and Jefferies
LLC as investment banker.

An Official Unsecured Creditors' Committee has been appointed in
the case and represented by McDermott Will & Schulte LLP.

Goodwin Procter LLP and Gray Reed represent the Senior CLN Group, a
group of holders (or beneficial holders) of, or investment
advisors, subadvisors, or managers of funds and discretionary
accounts that hold, claims against or equity interests in the
Debtors.

Weil, Gotshal & Manges LLP represents (i) funds and/or accounts, or
subsidiaries of such funds and/or accounts, managed, advised, or
controlled by BlackRock Financial Management, Inc., or a subsidiary
or an affiliate thereof, and (ii) Just Climate, as holders of
funded debt and equity interests in Ascend Elements, Inc.


ASCENT SOLAR: 1Q Net Loss Widens to $2.18 Million
-------------------------------------------------
Ascent Solar Technologies, Inc., reported a net loss of $2.18
million for the three months ended March 31, 2026, compared with a
net loss of $1.67 million for the same period a year earlier,
according to a Form 10-Q filing with the Securities and Exchange
Commission.

The Thornton, Colorado-based company disclosed that revenue rose to
$51,944 from $15,624, while total costs and expenses increased to
$2.31 million from $1.76 million during the period. Loss from
operations widened to $2.26 million for the three months ended
March 31, 2026, from $1.75 million a year ago.

Ascent Solar reported cash and cash equivalents of $16.07 million,
total assets of $19.75 million, total liabilities of $3 million and
total stockholders' equity of $16.75 million as of March 31, 2026.
The company also reported an accumulated deficit of $501.62 million
as of that date.

The filing said the company used $2.02 million in cash for
operations during the quarter and that recurring losses from
operations and the need for additional financing raised substantial
doubt about its ability to continue as a going concern.

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

https://www.sec.gov/Archives/edgar/data/1350102/000119312526214748/asti-20260331.htm

                            About Ascent Solar

Ascent Solar Technologies Inc., headquartered in Thornton,
Colorado, manufactures and sells flexible photovoltaic modules for
specialty solar applications.  The company serves markets with
weight-sensitive and technically demanding power needs, including
space power, aerospace, satellites, near-Earth orbiting vehicles,
fixed-wing unmanned aerial vehicles, aquatic, terrestrial, and
other specialized applications.  Its target markets require
customized power-generation solutions due to significant technical
and performance requirements.

In an audit report dated March 20, 2026, Haynie & Company included
a going concern qualification, stating that limited production had
led the company to depend on outside financing, that there was no
assurance it could raise additional capital and that cash on hand
was not sufficient to sustain operations.  The conditions raised
substantial doubt about the company's ability to continue as a
going concern.


ATARA BIOTHERAPEUTICS: EcoR1 Capital, 2 Others Report Equity Stake
------------------------------------------------------------------
EcoR1 Capital, LLC, Oleg Nodelman, and EcoR1 Capital Fund
Qualified, L.P. disclosed in a Schedule 13G (Amendment No. 3) filed
with the U.S. Securities and Exchange Commission that as of May 7,
2026, they beneficially own the following shares of Atara
Biotherapeutics, Inc.'s Common Stock, based on 8,912,272 shares of
Common Stock outstanding on May 7, 2026:

     (i) EcoR1 Capital, LLC -- 1,552,000 shares, representing 17.4%
representing 16.2% of the shares outstanding;

    (ii) Oleg Nodelman -- 1,552,000 shares, representing 17.4%
representing 16.2% of the shares outstanding; and

    (iii) EcoR1 Capital Fund Qualified, L.P. -- 1,445,609 shares,
representing 16.2% of the shares outstanding.

The shares reported exclude warrants to acquire 1,090,922 shares of
Common Stock held by EcoR1 Capital, LLC and Oleg Nodelman, and
warrants to acquire 1,026,558 shares held by EcoR1 Capital Fund
Qualified, L.P., all of which are subject to a 9.99% beneficial
ownership limitation and currently cannot be exercised. EcoR1 is
the general partner and investment adviser of investment funds,
including Qualified Fund, and Mr. Nodelman is the control person of
EcoR1. Qualified Fund is filing this statement jointly with the
other reporting persons but not as a member of a group, and
expressly disclaims membership in a group and beneficial ownership
of the securities reported herein except to the extent of its
pecuniary interest therein.

EcoR1 Capital, LLC may be reached through:

     Oleg Nodelman
     357 Tehama Street #3
     San Francisco, CA 94103
     Tel: 415-448-6534

A full-text copy of EcoR1 Capital, LLC's SEC report is available
at: https://tinyurl.com/349djy2s

                    About Atara Biotherapeutics

Atara Biotherapeutics, Inc. -- atarabio.com -- is a biotechnology
Company focused on developing off-the-shelf cell therapies that
harness the power of the immune system to treat difficult-to-treat
cancers and autoimmune conditions. With cutting-edge science and
differentiated approach, Atara is the first Company in the world to
receive regulatory approval of an allogeneic T-cell immunotherapy.
The Company's advanced and versatile T-cell platform does not
require T-cell receptor or HLA gene editing and forms the basis of
a diverse portfolio of investigational therapies that target EBV,
the root cause of certain diseases, in addition to next-generation
AlloCAR-Ts designed for best-in-class opportunities across a broad
range of hematological malignancies and B-cell driven autoimmune
diseases. Atara is headquartered in Southern California.

San Francisco, Calif.-based Deloitte & Touche LLP, the Company's
auditor since 2013, issued a "going concern" qualification in its
report dated March 16, 2026, attached to the Company's Annual
Report on Form 10-K for the year ended Decemeber 31, 2025, citing
that company's negative cash flow from operations and losses from
operations raises substantial doubt about its ability to continue
as a going concern.

As of December 31, 2025, the Company had $20.2 million in total
assets and $58.7 million in total liabilities, and total
stockholders' deficit of $38.5 million.


AUTOMOTIVE OUTFITTERS: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------------
Automotive Outfitters, LLC received interim approval from the U.S.
Bankruptcy Court for the Northern District of Georgia, Atlanta
Division, to use the cash collateral of its secured lender, First
National Community Bank.

Under the interim order, the Debtor is authorized to use the
lender's cash collateral, which includes post-petition accounts,
rights of payment, cash, and their proceeds, to pay operating
expenses in accordance with its budget.

The Debtor's access to cash collateral ends upon appointment of a
Chapter 11 trustee; dismissal or conversion of its Chapter 11 case;
further court order; or an unresolved default, whichever occurs
first.

First National Community Bank claims a secured debt of about $1.27
million, backed by business real estate, personal residence, cash
accounts, and equipment valued at approximately $1.318 million in
total collateral.

As protection, the lender will be granted a replacement lien on the
Debtor's property, with the same priority as its pre-petition lien,
ensuring that the lender's secured position is not diminished.

The order is available at
http://bankrupt.com/misc/AutomotiveOutfitters_ICCOrder.pdf

The final hearing is set for June 16.

Automotive Outfitters experienced financial stress due to reduced
revenue in 2025 and a significant increase in its mortgage payments
caused by an adjustable interest rate loan held by First National
Community Bank. The lender allegedly accelerated the debt and
initiated foreclosure proceedings on both the business property and
the personal property of the owners, prompting the bankruptcy
filing on May 4.

First National Community Bank, as secured lender, is represented
by:

   Thomas T. McClendon, Esq.
   Jones & Walden LLC
   699 Piedmont Avenue, NE
   Atlanta, GA 30308
   (404) 564-9300
   tmcclendon@joneswalden.com

                  About Automotive Outfitters LLC

Automotive Outfitters, LLC, doing business as Trucked Up, provides
automotive outfitting and aftermarket vehicle services in Rome,
Georgia. The company's work includes vehicle customization,
off-road upfits, tires and related automotive projects, serving
vehicle owners and customers seeking truck, off-road and automotive
accessory services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40728) on May 4, 2026.
In the petition signed by Steven William Irmscher, co-manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Barbara Ellis-Monro oversees the case.

Paul Reece Marr, Esq., at Paul Reece Marr, P.C., represents the
Debtor as legal counsel.


BANES PROPERTY: Seeks Chapter 7 Bankruptcy in Florida
-----------------------------------------------------
On May 13, 2026, Banes Property Management LLC filed for Chapter 7
protection in the U.S. Bankruptcy Court for the Middle District of
Florida. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

                About Banes Property Management LLC

Banes Property Management LLC is a Florida-based property
management company engaged in real estate management and related
services.

Banes Property Management LLC sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-02139) on May 13, 2026. In
its petition, the Debtor reports estimated assets between $1
million and $10 million and estimated liabilities between $100,001
and $1,000,000.

Honorable Bankruptcy Judge Jerry A. Funk handles the case. The
Debtor is represented by Bryan K. Mickler, Esq. of Mickler &
Mickler.


BBBB GP: Todd Headden Named Subchapter V Trustee
------------------------------------------------
The U.S. Trustee for Region 7 appointed Todd Headden as Subchapter
V trustee for BBBB GP LLC.

Mr. Headden will charge $450 per hour for his services as
Subchapter V trustee and $175 per hour for his support staff. The
trustee will also seek reimbursement for work-related expenses
incurred.

Mr. Headden 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 Headden
     7600 Burnet Rd., Ste. 530
     Austin, TX 78757
     Telephone: (737) 881-7104
     theadden@haywardfirm.com

                         About BBBB GP LLC

BBBB GP, LLC operates as a general partner entity involved in
investment management, real estate holdings, or business asset
administration activities. It is based in San Antonio Texas.

BBBB GP sought relief under Subchapter V of Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51210) on May 4,
2026. In its petition, the Debtor reported estimated assets of
between $1 million and $10 million and estimated liabilities of
between $1 million and $10 million.

The Debtor is represented by R. J. Shannon, Esq. of Shannon Lee
Beatty LLP.


BCPE GRILL: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
---------------------------------------------------------------
Moody's Ratings affirmed BCPE Grill Parent, Inc.'s (d/b/a Fogo de
Chão) ("Fogo") B3 corporate family rating, B3-PD probability of
default rating and the B3 ratings on the senior secured first lien
revolving credit facility and senior secured first lien term loan
B. The outlook is changed to stable from negative.

The affirmations and stable outlook reflect Moody's expectation for
Fogo's credit metrics to improve with EBITA/Interest of around 1.0x
and debt/EBITDA in the mid 5x range in the next 12-18 months driven
by the addition of new stores, modest improvement in same store
sales, targeted marketing spend and cost reductions while
maintaining at least adequate liquidity. Fogo's debt/EBITDA was
5.7x as of December 2025 versus 6.4x in 2024 while EBITA/Interest
remains weak at 0.9x. Moody's expect the company's progress to be
tempered by the challenging consumer environment which makes price
increases difficult as higher costs, including energy and
transportation, remain a risk.

RATINGS RATIONALE

Fogo's B3 CFR reflects its weak interest coverage, relatively small
scale with 116 systemwide restaurants and limited product diversity
relative to other rated restaurant chains. It also reflects the
company's financial policies including a tolerance for higher
leverage and weaker interest coverage. Fogo is also exposed to
price volatility in its primary commodity, beef. Over the last two
years, the company has continued to spend on new unit growth
despite negative traffic while it has experienced weaker margins
and negative free cash flow. The company's liquidity is adequate
and reliant on its $90 million revolving credit facility to fund
periodic working capital investments, a portion of growth capital
spend and acquisitions. The company's nearest maturities are its
mortgage loan (unrated) and revolving credit facility in 2028.
However, the ratings are supported by Fogo's churrasco style food
preparation that support lower operating costs relative to peers
and its continuous service model (gaucho chefs serving tableside).
Fogo's ratings are also supported by its customers' brand awareness
of its unique Brazilian steakhouse experience in markets across the
US, UK and Brazil.

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

Factors for an upgrade include sustained improvement in credit
metrics and increased size, scale and geographic diversification. A
higher rating would also require debt/EBITDA sustained under 5.5x,
EBITA/interest expense near 1.75x as well as at least good
liquidity and positive free cash flow.

A downgrade could occur if operating performance weakens or if
financial strategies become aggressive, such as debt financed
dividends or leveraging the company to fund growth, as well as a
weakening of liquidity. Quantitatively, debt/EBITDA sustained above
6.5x or EBITA/interest expense sustained below 1.25x are also
considerations for a downgrade.

Based in Dallas, TX, BCPE Grill Parent, Inc. (d/b/a "Fogo de
Chão") operates a Brazilian steakhouse ("Churrascaria") restaurant
chain with 88 restaurants in the U.S., 9 in Brazil, 6 in the UK and
13 internationally franchised restaurants in Mexico, the Middle
East, Bolivia, Ecuador and the Philippines. Revenue for the fiscal
year ended December 2025 was $816 million. Fogo de Chão is owned
by Bain Capital since 2023.

The principal methodology used in these ratings was Restaurants
published in September 2025.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.


BENETECH INC: Golub Capital BDC Marks $5.1MM Loan at 60% Off
------------------------------------------------------------
Golub Capital BDC Inc. has marked its $5,114,000 loan extended to
Benetech, Inc. to market at $2,046,0000 or 40% of the outstanding
amount, according to Golub Capital BDC's 10-Q for the fiscal year
ended March 31, 2026, filed with the U.S. Securities and Exchange
Commission.

Golub Capital BDC Inc. is a participant in a loan extended to
Benetech, Inc. The Loan accrues interest at a rate of SF + 1.00 %
(j) 4.70 % PIK per annum. The Loan matures on August 1, 2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Benetech, Inc.

Benetech, Inc. is a corporate borrower operating in the private
credit market, using one-stop loan financing for its business
operations.



BENETECH INC: Golub Capital Virtually Writes Off $1.1MM Loan
------------------------------------------------------------
Golub Capital BDC Inc. has marked its $1,133,000 loan extended to
Benetech, Inc. to market at $103,000 or 9% of the outstanding
amount, according to Golub Capital BDC's 10-Q for the fiscal year
ended March 31, 2026, filed with the U.S. Securities and Exchange
Commission.

Golub Capital BDC Inc. is a participant in a loan extended to
Benetech, Inc. The Loan accrues interest at a rate of SF + 1.00 %
(j) 4.70 % PIK per annum. The Loan matures on August 1, 2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Benetech, Inc.

Benetech, Inc. is a corporate borrower operating in the private
credit market, using one-stop loan financing for its business
operations.


BENNING & G STREET: Case Summary & Four Unsecured Creditors
-----------------------------------------------------------
Debtor: Benning & G Street, LLC
        4951 G Street SE
        Washington, DC 20019

Business Description: Benning & G Street, LLC is a single-asset
real estate entity that owns and leases a 45-unit multifamily
property in Southeast Washington. The property is located at
4951 G Street SE in Washington, DC, and has an estimated value of
$3.7 million.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       District of Columbia

Case No.: 26-00248

Judge: Hon. Elizabeth L Gunn

Debtor's Counsel: William C. Johnson, Jr., Esq.
                  THE JOHNSON LAW GROUP, LLC
                  6305 Ivy Lane, Suite 630
                  Greenbelt, MD 20770
                  Tel: (301) 477-3450
                  Fax: (301) 477-4813
                  E-mail: William@JohnsonLG.Law

Total Assets: $3,729,000

Total Liabilities: $269,459

The petition was signed by Yusuf Mosuro as managing member.

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/NFTHXPA/Benning__G_Street_LLC__dcbke-26-00248__0001.0.pdf?mcid=tGE4TAMA


BENNING & G STREET: Commences Chapter 11 Bankruptcy in D.C.
-----------------------------------------------------------
On May 13, 2026, Benning & G Street, LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the District of
Columbia. According to court filings, the Debtor reports between
$100,001 and $1,000,000 in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on June 11,
2026 at 02:00 PM US Trustee Remote 341: (888) 330-1716; Passcode:
5678318.

            About Benning & G Street, LLC

Benning & G Street, LLC is a real estate company engaged in
property ownership, development, and investment activities.

Benning & G Street, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-00248) on May 13, 2026. In its
petition, the Debtor reports estimated assets between $1 million
and $10 million and estimated liabilities between $100,001 and
$1,000,000.

Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case.

The Debtor is represented by William C. Johnson, Jr., Esq. of The
Johnson Law Group, LLC.


BETTERWORK MEDIA: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: BetterWork Media Group LLC
        1 E. Erie
        Suite 525, Unit 2025
        Chicago, IL 60611

Business Description: BetterWork Media Group LLC, based in
Chicago, Illinois, operates a media platform serving corporate
learning and talent-management professionals. Founded in 2021, the
company manages Chief Learning Officer and Chief Talent Officer,
producing editorial content, research, events, webinars, digital
media and awards programs. BetterWork Media Group also provides
advertising and event-related services for C-suite executives,
senior practitioners, scholars, consultants, solutions providers
and organizations seeking to reach workforce learning and human-
capital management audiences.

Chapter 11 Petition Date: May 14, 2026

Court: United States Bankruptcy Court
       Northern District of Illinois

Case No.: 26-08411

Judge: Hon. Deborah L Thorne

Debtor's Counsel: Jeffrey C. Dan, Esq.
                  GOLDSTEIN & MCCLINTOCK LLLP
                  111 W Washington Street, Suite 1221
                  Chicago, IL 60602
                  Tel: (312) 337-7700             
                  E-mail: jeffd@goldmclaw.com

Total Assets: $33,976

Total Liabilities: $1,028,970

The petition was signed by Lauren Lynch as authorized
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/F5ZC5AA/BetterWork_Media_Group_LLC__ilnbke-26-08411__0001.0.pdf?mcid=tGE4TAMA



BEXIN REALTY: Court Asked to Approve Chapter 11 Trustee Appointment
-------------------------------------------------------------------
William Harrington, the U.S. Trustee for Region 2, asked the U.S.
Bankruptcy Court for the Southern District of New York to approve
the appointment of Joseph DiPasquale as Chapter 11 trustee for
Bexin Realty Corporation.

In making his selection, the U.S. Trustee's counsel consulted with
counsel for the company and Cathay Bank.

To the best of the U.S. Trustee's knowledge, Mr. DiPasquale has no
connections with the company, Cathay Bank, or other parties in
interest, other than as set forth in his declaration in support of
the application.

A copy of the application is available for free at
https://urlcurt.com/u?l=Zq4QhI from PacerMonitor.com.

The Chapter 11 trustee can be reached at:

     Joseph J. DiPasquale
     Fox Rothschild LLP
     49 Market Street
     Morristown, NJ 07960
     Telephone: (973) 992-4800

                  About Bexin Realty Corporation

Bexin Realty Corporation is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)).

Bexin Realty filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-12080) on November 27, 2024, listing between $10 million and $50
million in both assets and liabilities. Bahram Benaresh, president
of Bexin Realty, signed the petition.

Judge Martin Glenn handles the case.

The Debtor is represented by Jonathan S. Pasternak, Esq., at
Davidoff Hutcher & Citron, LLP.

Cathay Bank, as lender, is represented by:

     Conrad K. Chiu, Esq.
     Amanda Schaefer, Esq.
     Pryor Cashman LLP
     7 Times Square
     New York, NY 10036-6569
     Telephone: (212) 421-4100
     Facsimile: (212) 326-0806
     cchiu@pryorcashman.com
     aschaefer@pryorcashman.com


BIO-KEY INTERNATIONAL: Trading Suspended From Nasdaq on May 13
--------------------------------------------------------------
BIO-key International Inc.'s common stock was suspended from
trading on Nasdaq and began trading on OTC Markets on May 13,
following a  determination related to bid-price noncompliance and a
delayed annual report, according to a Form 8-K filing with the
Securities and Exchange Commission.

The Holmdel, New Jersey, company received Nasdaq staff notice on
May 6 that its closing bid price had not been at least $1 for 10
consecutive business days as of May 4.

According to the company, its failure to file its annual report for
the year ended Dec. 31, 2025, as required by Nasdaq's periodic
report rule, served as an additional basis for delisting.

BIO-key said before the suspension that it intended to request a
hearing before a Nasdaq Hearings Panel and take measures to regain
compliance with the bid-price and periodic-report rules.

In a May 12 press release attached to the filing, BIO-key disclosed
that its shares had been above $1 for the past eight consecutive
trading days but did not meet Nasdaq's requirement for at least 10
consecutive trading days by May 4. The company's stockholders
approved a 1-for-10 reverse split on April 20, and the split became
effective with trading on April 30.

BIO-key expected first-half 2026 revenue to rise 50% to $5 million
from $3.3 million in the first half of 2025. The company also
expected to be profitable in the first half of 2026, compared with
a $1.9 million net loss a year earlier.

                      About BIO-key International

BIO-key International Inc. provides identity and access management
software and biometric authentication technology for enterprise,
large-scale customer and civil ID applications. The company's
platforms include BIO-key PortalGuard and hosted PortalGuard IDaaS,
which combine biometric technology with multiple authentication
factors to help customers control access to systems, applications
and devices. BIO-key sells branded biometric and FIDO
authentication hardware as accessories to its IAM platforms and
operates a software-as-a-service business model supported by direct
sales teams and channel partners. The company was founded in 1993
and is based in Holmdel, New Jersey.

In an audit report dated April 23, 2025, Bush & Associates CPA
included a going concern qualification, stating that BIO-key had
suffered substantial net losses and negative cash flows from
operations in recent years and was dependent on debt and equity
financing to fund operations. The conditions raised substantial
doubt about the company's ability to continue as a going concern.

As of Sept. 30, 2025, BIO-key reported total assets of $10.11
million, total liabilities of $4.07 million and total stockholders'
equity of $6.05 million.


BLACKBEARD'S TRIPLE: Gets Extension to Access Cash Collateral
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina, New Bern Division, entered a sixth interim order allowing
Blackbeard's Triple Play, LLC to continue using cash collateral.

Under the sixth interim order, The Debtor is authorized to use cash
collateral through June 12, strictly for ordinary and necessary
operating expenses in line with an approved budget, with up to a
10% variance per line item. The funds must be segregated and not
commingled, and the Debtor must provide financial reporting, access
to records, and ongoing transparency to secured creditors.

The Debtor projects total operational expenses of $165,154.45 for
the period from May 8 to June 8.

The Debtor has identified multiple creditors that may assert liens
on its accounts, accounts receivable, and related cash collateral,
led by Newtek Bank, N.A., which the Debtor believes holds a
first-priority lien from an SBA loan with an estimated balance of
$454,293. Other asserted lienholders include Idea 247, Inc., US
Foods, Inc., and various merchant cash advance and financing
entities, each holding successively lower-priority UCC-filed
security interests in accounts or receivables. The Debtor reports
no known federal or state tax liens.

As adequate protection, the court granted these secured creditors
replacement liens on the Debtor's assets, maintaining the same
priority, scope, and validity as their pre-bankruptcy liens.

The Debtor must also make a specific adequate protection payment of
$7,414.45 to Newtek by June 1 while all parties preserve rights to
seek additional protections or challenge lien validity.

Noncompliance with the budget and reporting requirements and
conversion of the Debtor's Chapter 11 case to one under Chapter 7
constitutes a default that may immediately terminate the Debtor's
authority to use cash collateral.

A further hearing is scheduled for June 2.

A copy of the court's order is available at
https://shorturl.at/2Od4p from PacerMonitor.com.

                About Blackbeard's Triple Play Inc.

Blackbeard's Triple Play, Inc. sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No.
25-04908-5-DMW) on December 10, 2025. In the petition signed by
Billy Dale Overbee, president, the Debtor disclosed up to $50,000
in assets and up to $10 million in liabilities.

Judge David M. Warren oversees the case.

David J. Haidt, Esq., at Ayers & Haidt, PA, represents the Debtor
as legal counsel.


BOUND LOGISTICS: Gets Interim OK to Use Cash Collateral
-------------------------------------------------------
Bound Logistics, LLC received interim approval from the U.S.
Bankruptcy Court for the District of New Jersey for authority to
use cash collateral and provide adequate protection to its secured
lender, Flushing Bank.

The court authorized the debtor to use cash collateral for
reasonable and necessary operating expenses in accordance with a
four-week cash flow projection The funds may be used to support
ongoing business operations while the debtor continues to operate
as debtor-in-possession during the Chapter 11 proceedings.

As adequate protection for the use of cash collateral, secured
lender Flushing Bank was granted monthly adequate protection
payments of $30,890.36, payable on or before the first day of each
month. The bank also received a replacement perfected security
interest in the debtor's post-petition collateral and proceeds to
the same extent and priority as its prepetition liens, subject to
an agreed carveout.

The carveout includes allowed administrative expenses, certain
Chapter 7 trustee expenses up to $20,000 if appointed, statutory
committee expenses, unpaid U.S. Trustee fees, and proceeds from
avoidance actions under Bankruptcy Code sections 544 through 550.
The order also modified the automatic stay as necessary to
implement its terms, waived the stay period under Bankruptcy Rule
6004(h),

A final hearing is scheduled for June 2.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/wusfs from PacerMonitor.com.

                     About Bound Logistics

Bound Logistics, LLC operates as an asset-based trucking and
logistics company in Union, New Jersey, providing intermodal
drayage and container transportation services between port
terminals and inland destinations, primarily serving the New York
and New Jersey port region.

Bound Logistics sought relief under Chapter 11 of the U.S.
Bankruptcy Coode (Bankr. D. N.J., Case No. 26-14399) on April 22,
2026. In its petition, the Debtor reported estimated assets between
$1 million to $10 million and estimated liabilities between $1
million to $10 million. The petitions were signed by Nathan
Halberstam as authorized representative of the Debtor.

Judge Mark Edward Hall oversees the case.

The Debtor is represented by Scura Wigfield, Hyer, Stevens &
Cammarota LLP.


BOY SCOUTS: Trustee Directed to Refund $125 to Claimants
--------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware held that the Hon. Barbara J. Houser
(Ret.), in her capacity as Trustee of the BSA Settlement Trust,
erred in deducting lien administration fee from claimants receiving
an Expedited Distribution. The Trustee is ordered to make another
distribution in the amount of $125.00 to each such claimant.

Holders of Direct Abuse Claims against Boy Scouts of America had
the option to elect a one-time payment in full satisfaction of
their claims. This option was dubbed the Expedited Distribution
election, which was made on the ballot submitted in connection with
solicitation of Debtors' Plan. As defined in the Plan, Expedited
Distribution means "a one-time cash payment from the Settlement
Trust of $3,500.00, conditioned upon satisfaction of the criteria
set forth in the Trust Distribution Procedures."

On November 10, 2025, Claimant W.H. filed a Notice to Compel,
explaining that he elected to receive the Expedited Distribution
and represented that he had fulfilled ail requirements to receive
it. W.H. also represented that he had received two payments from
the BSA Settlement Trust toward the Expedited Distribution: an
initial payment in the amount of $2,535.00 and a subsequent payment
in the amount of $825.00 leaving $125.00 remaining. It is
undisputed that Trustee deducted or withheld the Administration Fee
from her payment to W.H. It is also undisputed that the
Administration Fee was charged to all holders of Direct Abuse
Claims for the work performed by the Trust's lien resolution
administrator who Trustee engaged to research certain statutory
healthcare lien claims.

W.H. questioned the propriety of the deduction of the
Administration Fee and demanded the remainder of his Expedited
Distribution.

According to Judge Silverstein, Trustee's counsel could not point
to any provision of the Plan that permits Trustee to deduct the
Administration Fee from the Expedited Distribution and thus pay
holders of Direct Abuse Claims who elected the Expedited
Distribution anything less than $3,500.00.

She explains, "While I do not doubt Trustee's good faith in
instituting a process to efficiently address healthcare liens at a
favorable fee, the Administration Fee cannot reduce the amount of
the Expedited Distribution. As such, it must be absorbed by the
Trust. The fairness argument is unavailing in light of the clear
dictate of the Plan."

This matter was brought to the Court's attention by W.H., who is
representing himself, pro se. This additional distribution was not
the result of work by any attorney, all of whom seem to be
satisfied with Trustee's assessment and the reduction of the
Expedited Distribution to their clients. To permit an attorney to
receive a contingent fee in these circumstances would result in the
collection of an unreasonable fee. Thus, the additional
distribution will not be subject to any attorneys' fees that would
otherwise be contractually owed.  

A copy of the Court's Memorandum Order dated May 14, 2026, is
available at https://urlcurt.com/u?l=qd6uiG from PacerMonitor.com.

                   About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC, as financial advisor. Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020. The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.

The Debtors obtained confirmation of their Third Modified Fifth
Amended Chapter 11 Plan of Reorganization (with Technical
Modifications) on September 8, 2022. The Order was affirmed on
March 28, 2023. The Plan was declared effective on April 19, 2023.

The Hon. Barbara J. House (Ret.) has been appointed as trustee of
the BSA Settlement Trust.


BRAND ENGAGEMENT: To Invest $1 Million in Accelevate
----------------------------------------------------
Brand Engagement Network Inc. will make a $1 million strategic
investment in Accelevate Solutions after entering two reseller
agreements, according to an SEC filing.

The agreements follow completion of due diligence under an April
letter agreement covering a strategic investment and commercial
collaboration.

Through Grupo SKYE S.A. de C.V., the company secured exclusive
rights for Mexico for an initial five-year term. Through Skye AI
USA LLC, it entered a global reseller agreement, excluding Mexico
and Latin America, for AI-driven engagement and media technology.

The licensor under the agreements is entitled to 35% of gross
revenue, excluding hardware. At closing of the investment, Brand
Engagement will receive one-year warrants with 100% coverage, the
right to appoint one Accelevate board member and a right of first
refusal to acquire Accelevate on the same terms as a bona fide
third-party offer.

                        About Brand Engagement

Brand Engagement Network Inc. is an artificial intelligence company
that provides secure, enterprise-grade conversational AI solutions
for connecting human interaction with enterprise data, systems,
workflows, and operations. Headquartered in Wilmington, Delaware,
the company's technology is powered by its proprietary Engagement
Language Model, which is designed for secure, closed-loop
environments using organization-approved data and embedded
governance and compliance controls. Its platform supports natural
language processing, multisensory awareness, sentiment and
environmental analysis, real-time personalization, business system
integration, and cross-platform deployment for business customers,
including organizations in regulated and complex industries.

In an April 15, 2026, audit report, L J Soldinger Associates, LLC
included a going concern explanatory paragraph, stating that the
Company has an accumulated deficit of approximately $55.6 million,
a net loss for the year ended Dec. 31, 2025 of approximately $8.6
million, and net cash used in operating activities of approximately
$5.1 million, which raises substantial doubt about its ability to
continue as a going concern.

As of Dec. 31, 2025, the company reported total assets of $15.30
million, total liabilities of $11.84 million, and total
stockholders' equity of $3.46 million.



BRIGHTINSIGHT INC: Horizon Technology Marks $25M Loan at 20% Off
----------------------------------------------------------------
Horizon Technology Finance Corp has marked its $25,500,000 loan
extended to BrightInsight, Inc. to market at $4,400,000 or 80% of
the outstanding amount, according to Horizon Technology's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

Horizon Technology Finance Corp is a participant in a term loan
extended to BrightInsight, Inc. The Loan accrues interest at a rate
of 12.50% Prime 5.50% 9.50% 4.00% per annum. The Loan matures on
Aug. 1, 2027.

Horizon Technology Finance Corp is a business development company
that provides secured debt and venture lending solutions to
growth-stage technology and life sciences companies.

The Fund is led by Michael P. Balkin as Chief Executive Officer and
Daniel R. Trolio as Chief Financial Officer.

The Fund can be reached at:

     Michael P. Balkin
     Horizon Technology Finance Corporation
     312 Farmington Avenue
     Farmington, CT 06032
     Telephone: (860) 676‑8654

           About BrightInsight, Inc.

BrightInsight, Inc. is a software company that develops digital
health and connected medical technology platforms.


BRUNCH ROOM: Gets Final OK to Use Cash Collateral
-------------------------------------------------
The U.S. Bankruptcy Court for the U.S. Bankruptcy Court for the
Northern District of Texas, Dallas Division, entered a final order
authorizing Brunch Room Bistro, LLC and its affiliate to use cash
collateral.

Under the order, the Debtors are authorized to use cash collateral,
including revenue generated in the ordinary course of business, in
accordance with an approved operating budget. The authority
continues month-to-month, and the Debtors may exceed individual
budgeted expenses by up to 110% without seeking additional court
approval.

The Debtor projects total cash disbursement of $99,725.91 for the
period from March 20 to 31; $200,649.75 for April.

As adequate protection for secured creditors, the Court granted
replacement liens on all postpetition cash collateral and
postpetition acquired property to the extent of any decline in the
value of prepetition collateral interests.

These replacement liens maintain the same validity and priority
held as of the petition date and also extend to postpetition
accounts receivable, contract rights, and deposit accounts.
However, the liens do not attach to Chapter 5 avoidance actions or
proceeds derived from such claims.

The order further provides that the replacement liens and
prepetition liens are subordinate to a carve-out for certain
administrative expenses. The carve-out includes statutory fees owed
to the Bankruptcy Court Clerk and the Office of the United States
Trustee, approved fees of the Subchapter V Trustee, reasonable
trustee expenses capped at $15,000, and approved fees and expenses
of the Debtors' counsel, Offit Kurman. The Court also clarified
that no professional retained under Section 327 may be paid without
separate court approval authorizing both retention and
compensation.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/F1XNe from PacerMonitor.com.

                About Brunch Room Bistro LLC

Brunch Room Bistro LLC is a Texas-based dining establishment
specializing in brunch-style cuisine, offering a range of breakfast
and lunch menu items in a casual setting. The company operates
within the food and hospitality industry.

Brunch Room Bistro LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-31166) on March 20, 2026. In
its petition, the Debtor reports estimated assets between $100,001
and $1,000,000 and estimated liabilities between $100,001 and
$1,000,000.

The Debtor is represented by Frances Anne Smith of Offit Kurman.


BUBBLES & BARKS: Wins Final Cash Collateral Access
--------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
approved a final order allowing Bubbles & Barks, LLC and Bubbles &
Barks Holdings, LLC to use cash collateral.

The Debtor may use the cash collateral to pay post-petition
operating expenses according to an attached budget.

Under the approved budget, the Debtor may exceed individual
line-item amounts by up to 15% during any monthly budget period,
provided the overall spending remains within authorized limits and
expenses are incurred in the ordinary course of business. The order
also permits the Debtor to defer and later pay budgeted expenses as
they become due, ensuring operational flexibility while continuing
normal business activities.

As adequate protection for the lender, Live Oak Banking Company
received replacement liens on the Debtor’s post-petition cash,
accounts receivable, inventory, and related proceeds, matching the
extent and priority of its prepetition perfected liens.

In addition, the Debtor must make monthly adequate protection
payments of $5,000 beginning this month, and continuing each month
until a Chapter 11 plan becomes effective.

The authority to use cash collateral will terminate upon the
earliest of several events, including August 31, 2026, conversion
or dismissal of the case, appointment of a trustee or examiner,
modification or reversal of the order, or confirmation of a
reorganization plan.

The order also grants the Debtor a five-day grace period to cure
defaults and authorizes monthly payments of $500 into attorney
Michael DeLeo's trust account for future administrative expenses
pending further court approval.

                  About Bubbles & Barks LLC

Bubbles & Barks, LLC, based in Monroe, Washington, operates under
the trade names Furtician and Barkingham Palace. The company
provides grooming, boarding, and daycare services for dogs and
cats, including baths, trims, and overnight care. It serves pet
owners in the Monroe area, combining routine grooming with extended
boarding options.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-11088) on April 6,
2026. In the petition signed by Gary M. Eggleston Jr., managing
member, the Debtor disclosed up to $500,000 in assets and up to $10
million in liabilities.

Judge Christopher M. Alston oversees the case.

Thomas D. Neeleman, Esq., at Neeleman Law Group, P.C., represents
the Debtor as legal counsel.


BULLET ENERGY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Bullet Energy Services, LLC
        10197 McGehee Rd
        Marietta, OK 73448

Business Description: Bullet Energy Services, LLC provides
oilfield transportation and fluid-handling services, including
the hauling of completion fluids, production water, oil-based mud
and other liquids for energy-sector customers. The Velma,
Oklahoma-based company operates as an authorized for-hire carrier
with a tanker fleet and also focuses on saltwater disposal and
related oilfield service operations in south-central Oklahoma.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Eastern District of Oklahoma

Case No.: 26-80451

Judge: Hon. Paul R Thomas

Debtor's Counsel: Gary M. McDonald, Esq.
                  MCDONALD LAW, PLLC
                  15 W. 6th Street, Suite 2606
                  Tulsa, OK 74119
                  Tel: 918-430-3700
                  E-mail: gmcdonald@mcdonaldpllc.com

Total Assets: $5,365,870

Total Liabilities: $13,755,795

The petition was signed by James C. Lemons as manager.

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/TMIGKHY/Bullet_Energy_Services_LLC__okebke-26-80451__0001.0.pdf?mcid=tGE4TAMA


BY HOTEL: Cuts Deal with Lenders Over Loan Defaults
---------------------------------------------------
James Nani of Bloomberg Law reports that the owner of two Chicago
hotels, BY Hotel SPE-3 LLC, has reached a settlement with its
lenders over $19.4 million in defaulted loans, temporarily halting
aggressive debt collection efforts.

According to a motion filed in the U.S. Bankruptcy Court for the
District of Delaware, the agreement between Su-Mei Yen, Hui-Hsien
Yen, and lenders APF-CPX I LLC, Access Point Financial LLC, and
HDDA LLC restructures the debt by lowering interest rates to 5% and
extending repayment deadlines to May 2027.

In return, the company must make immediate payments under the terms
of the settlement, which aims to stabilize the debtor's financial
position while it continues its Chapter 11 proceedings, according
to Bloomberg.

BY Hotel SPE-3 LLC owns and operates hotel properties in Chicago,
including Hilton-branded assets, and entered bankruptcy amid
challenges tied to defaulted secured loans, the report states.

              About By Hotel SPE-3 LLC

By Hotel SPE-3 LLC is a hospitality investment company specializing
in the ownership and management of hotel properties. As a special
purpose entity, the company focuses on managing hotel-related
assets and supporting hospitality operations.

By Hotel SPE-3 LLC and affiliates sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10324) on
March 8, 2026. In its petition, the Debtor reports estimated assets
and liabilities between $100 million and $500 million.

Judge J. Kate Stickles oversees the case.


CARBON HEALTH: Strikes Deal w/ Creditors to Back Restructuring Plan
-------------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Carbon Health Technologies
Inc. said it has reached a settlement with creditors that supports
its effort to emerge from bankruptcy through a lender-backed sale
transaction involving Future Solution Investments LLC.

The agreement, disclosed in filings with the U.S. Bankruptcy Court
for the Southern District of Texas, provides support from the
official committee of unsecured creditors for Carbon Health's
Chapter 11 plan proposal. The settlement followed mediation between
the company, creditors, and its secured lender, the report states.

Creditors had challenged aspects of Carbon Health’s restructuring
since the company filed for Chapter 11 in February, particularly
concerning the proposed sale process and recoveries available to
unsecured claimholders. The new agreement is expected to reduce
litigation risks and smooth the path toward confirmation of the
company’s restructuring plan, according to Bloomberg.

Carbon Health is a healthcare provider focused on urgent care,
primary care, and technology-driven patient services. Through its
bankruptcy process, the company has sought to restructure its
finances while continuing operations and preserving access to care
for patients across its clinic network, the report relays.

            About Carbon Health Technologies

Founded in 2015, Carbon Health Technologies Inc. is a modern
healthtech company that offers in-person and virtual care for
easier everyday health. Before the bankruptcy filing, Carbon Health
Technologies operated 93 urgent care or primary care clinics in the
states of Texas, Washington, California, Colorado, Kansas,
Missouri, New Jersey and Massachusetts. On the Web:
http://www.carbonhealth.com/  


On Feb. 2, 2026, Carbon Health Technologies and 28 affiliated
debtors each filed voluntary Chapter 11 petition (Bankr. S.D. Texas
Lead Case No. 26-90306). At the time of the filing, Carbon Health
Technologies reported $100 million to $500 million in both assets
and liabilities.

The cases are pending before the Honorable Christopher M. Lopez.

Pachulski Stang Ziehl & Jones, LLP and Alvarez and Marsal serve as
bankruptcy counsel and financial advisor, respectively. Kroll is
the claims agent.

KTBS Law is representing Future Solution Investments LLC, the agent
for the pre-petition lenders and the DIP lenders.


CASCADE PARENT: Moody's Withdraws Caa1 CFR Following Debt Repayment
-------------------------------------------------------------------
Moody's Ratings has withdrawn all the ratings for Cascade Parent
Limited's (dba Alludo) including the Caa1 corporate family rating,
Caa1-PD probability of default rating and B3 ratings on the backed
senior secured first lien bank credit facility issued by Corel
Corporation. At the time of withdrawal, the outlook was stable.

RATINGS RATIONALE

Moody's have withdrawn the ratings because Alludo's debt previously
rated by us has been fully repaid.

Cascade Parent Limited (Alludo) is a global packaged software
vendor that develops and markets software covering virtualization,
graphics and productivity solutions through a portfolio of
recognizable brands including Parallels, CorelDRAW, MindManager and
WinZip.


CASCADE PARENT: S&P Withdraws 'CCC+' ICR Following Debt Repayment
-----------------------------------------------------------------
S&P Global Ratings withdrew its 'CCC+' issuer credit rating on
Cascade Parent Ltd. at issuer's request. S&P also discontinued its
ratings on the company's senior secured credit facility, which has
been fully repaid.

At the time of the withdrawal, Cascade Parent Ltd. was on
CreditWatch with negative implications.



CASKATA INC: Court OKs Ecommerce Biz Sale to R Square Sales
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts,
Eastern Division, has permitted Caskata Inc. to sell substantially
all Assets, free and clear of liens, claims, interests and
encumbrances.

Caskata operates an online ecommerce retail business selling high
end, small-batch and often handmade home goods for entertaining and
everyday use. Over the last several years Caskata has developed an
online retail sales presence through its website, through Amazon,
and maintains wholesale relationships with approximately 400
customers across the country.

Caskata's primary base of operation is located at 103 Central
Street, Suite C, in Wellesley Massachusetts. The Principal Location
consists of approximately1,000 sf. of rentable space and 238 sf. of
storage space.

In addition, Caskata utilizes a warehouse facility at 145 Webster
Street, Unit E, Hanover, Massachusetts where it stores the majority
of its inventory.

To drive traffic to the website, and to help customers find
products on their Amazon storefront, Caskata utilizes paid
marketing efforts on Meta (Facebook and Instagram), Google (search
and discovery), and on the Amazon platform. . These paid ads are
the principal driver of Caskata's revenue and new customer
acquisition. These ads are created and deployed on those platforms
using external contractor specialists.

In addition to paid ads, Caskata uses email marketing (employing a
specialized contractor and using a sending platform) throughout
each month to drive repeat purchases and engage existing customers
with new products and special offers.

The Court has authorized the Debtor to sell the Assets to R Square
Sales and Logistics LLC for the purchase price of $130,000.

The Debtor is authorized to sell by private sale to the Buyer free
and clear of all liens and other monetary interests.

The Buyer is determined to be a good faith purchase of the Property
and shall been titled to all of the protections.

              About Caskata Incorporated

Caskata Incorporated operates an e-commerce business selling
high-end home goods through its website, Amazon, and wholesale
channels.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 26-10775) on April 7,
2026. In the petition signed by Shawn Laughlin, president, the
Debtor disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Christopher J. Panos presides over the case.

Jesse Redlener, Esq., at Ascendant Law Group, LLC, represents the
Debtor as legal counsel.


CELEST INVESTMENTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Celest Investments LLC
        82 Osgood St
        Lawrence MA 01843

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 26-40564

Debtor's Counsel: Ilham Soffan, Esq.
                  SOFFAN LAW PC
                  288 Grove St #180
                  Braintree MA 02184
                  Tel: 413-237-4678
                  E-mail: ilham@soffanlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

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/FLICVTY/Celest_Investments_LLC__mabke-26-40564__0001.0.pdf?mcid=tGE4TAMA


CHANNEL OP: Gets Final OK to Use Cash Collateral
------------------------------------------------
The U.S. Bankruptcy Court for the District of Utah, Central
Division entered a final order authorizing Channel Op, LLC to use
cash collateral.

The Debtor was authorized to use cash collateral consistent with
the approved budget and may exceed individual budget line items by
up to 10%. In addition, unused savings from earlier periods may be
carried forward to support increased expenditures in later periods.
The order also permits the Debtor to spend additional amounts
beyond the budget if it obtains written consent from affected
creditors.

As adequate protection, BayFirst Bank National Association and the
United States Small Business Administration, identified as affected
creditors, were granted replacement liens on the Debtor's
postpetition assets to the extent their collateral position
diminishes from the use of cash collateral.

The replacement liens exclude Chapter 5 avoidance actions and
remain subject to any senior liens that existed as of the petition
date. The Court further ruled that the replacement liens became
automatically perfected by operation of law without the need for
additional filings or documentation.

The order clarifies that it does not determine the validity,
extent, or priority of any creditor's claims or liens. The Debtor's
authority to use cash collateral under the order expires on June 2,
at 11:59 p.m. Mountain Time unless extended by further court
action.

                        About Channel Op LLC

Channel Op, LLC operates as a digital commerce and marketplace
strategy firm headquartered in Heber City, Utah.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Utah Case No. 26-22035) on April 13,
2026. In the petition signed by William Tyler Metcalf, chief
executive officer, the Debtor disclosed up to $50,000 in assets and
up to $10 million in liabilities.

Judge Michael F. Thomson oversees the case.

George B. Hofmann, Esq., at Cohne Kinghorn, P.C., represents the
Debtor as legal counsel.


CHESTNUT OPTICAL: Golub Capital Marks $7.5MM Loan at 20% Off
------------------------------------------------------------
Golub Capital BDC Inc. has marked its $7,511,000 loan extended to
Chestnut Optical Midco, Inc. to market at $6,007,000 or 80% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC, Inc. is a participant in a loan extended to
Chestnut Optical Midco, Inc. The Loan accrues interest at a rate of
SF + 1.00 % (j) 4.70 % per annum. The Loan matures on June 1,
2029.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Chestnut Optical Midco, Inc.

Chestnut Optical Midco, Inc. is an optical products and services
company financed through a privately negotiated loan facility.


CITI CONNECT: U.S. Trustee Seeks Chapter 11 Trustee Appointment
---------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, asked the
U.S. Bankruptcy Court for the Southern District of New York to
appoint a Chapter 11 trustee in Citi Connect LLC's bankruptcy case.


In a court filing, the U.S. trustee raised the need to appoint an
independent trustee to manage the case, citing the need for the
Debtor to investigate substantial monetary transactions made
between the company and non-Debtor companies. Because the
principals of the Debtor are the same principals or family members
of the non-Debtor companies involved in these transactions, it does
not appear likely that a robust investigation will be conducted by
the Debtor.

Specifically, the ownership of the Debtor is closely held by two
individuals, one who owns a 49% share and the other who owns a 51%
share. The Debtor's principals also own all of the equity of
non-Debtor Citi Connect Industries LLC ("Industries"). Industries
is a subcontractor to the Debtor. In its initially filed Schedules,
the Debtor did not report any receivables or payables from
affiliates.

The U.S. trustee argued that the Debtor's principals and certain
respective family members own all of the equity in non-Debtor
Corbel Communications Industries LLC ("Corbel"). Non-Debtor Corbel
does not have a business relationship with the Debtor other than as
a borrower. The Debtor engaged in several significant transfers
with non-Debtor Corbel.

The U.S. trustee further argued that these transfers, which were
never repaid and were later treated as a distribution to one of the
Debtor's principals, totaled over $1 million. Again, these
transactions must be investigated, but it is unlikely that the
Debtor will be able to conduct a fulsome investigation given the
relationship between its principals and the principals of the non
Debtor companies Corbel and Industries.

Moreover, based on information obtained thus far, it appears that
the total combined distributions from the Debtor to the Debtor's
principals were over $4 million in 2022 and approximately $250,000
in 2024. In addition, the Debtor's funds have been used to pay the
mortgage for the personal residence of the one of the Debtor's
principals.

Mr. Harrington contended that these transactions must be
investigated in order to determine whether additional assets can be
located for the benefit of the Debtor's estate. Such an
investigation must be done by an independent fiduciary, not by the
Debtor's principals who appear to have been the beneficiaries.
Furthermore, the Debtor's lack of transparency and accuracy with
respect to interactions and transactions between the Debtor, Corbel
and Industries amounts to inadequate record keeping, yet another
reason for the appointment of a Chapter 11 Trustee.

A copy of the motion is available for free at
https://urlcurt.com/u?l=qk6Tqa from PacerMonitor.com.

      About Citi Connect

Citi Connect LLC is a full-service turnkey contractor specializing
in the design, engineering, construction, installation, and testing
of communication systems. The Company offers a comprehensive range
of services, including fiber and wireless solutions, aerial and
underground construction, and telecommunications installations
across various industries. Their solutions cover voice and data
services, data centers, cell sites, as well as both inside and
outside plant installations.

Citi Connect LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10369) on February 27,
2025. In its petition, the Debtor reports estimated assets between
$100,000 and $500,000 and estimated liabilities between $1 million
and $10 million.

Bankruptcy Judge Lisa G. Beckerman handles the case.

The Debtor is represented by:

     Nicholas A. Pasalides, Esq.
     ECKERT SEAMANS CHERIN & MELLOTT, LLC
     10 Bank Street, Suite 700
     White Plains, NY 10606
     Tel: (914) 286-2851
     Fax: (914) 949-5424
     E-mail: npasalides@eckertseamans.com


CLEAN ENERGY: Financials From 2022 to Q3 2025 No Longer Reliable
----------------------------------------------------------------
Clean Energy Technologies, Inc. disclosed in a regulatory filing
that the Board of Directors concluded that between January 1, 2022,
and September 30, 2025, the Company's accounting with respect to
the historical classification, valuation, and collectability
assessment of certain long-term receivables and contract assets, as
well as the timing of revenue recognition and related interest
income under U.S. GAAP, was incorrect. As a result, the Company's
financial statements for all of the fiscal periods between January
1, 2022, and September 30, 2025 should no longer be relied upon.
Similarly, any previously furnished or filed reports, related
earnings releases, investor presentations or similar communications
of the Company describing the Company's financial results during
the Impacted Periods should no longer be relied upon.

The Company believes these matters relate primarily to historical
balance sheet items and do not impact the Company's current
operations or underlying business activities.

The Company intends to immediately file an amended Annual Report on
Form 10-K/A with restated financial statements for the years ended
December 31, 2024, and December 31, 2023, and to file amended
Quarterly Reports on Form 10-Q/A with restated financial statements
for the quarterly periods ended March 31, 2025, June 30, 2025, and
September 30, 2025, in each case to reflect the appropriate
accounting treatment for the items described above.

Kambiz Mahdi, the Company's CEO and member of the Board, Calvin
Pang, the Company's CFO and member of the Board, and Lauren
Morrison, member of the Board and Chair of the Audit Committee,
have discussed the matters disclosed in this Item 4.02 with the
Company's independent registered public accounting firm, TAAD,
LLP.

                        About Clean Energy

Headquartered in Irvine, California, Clean Energy Technologies,
Inc. -- http://www.cetyinc.com-- develops renewable energy
products and solutions and establishes partnerships in renewable
energy that make environmental and economic sense. The Company's
mission is to be a segment leader in the Zero Emission Revolution
by offering eco-friendly energy solutions, clean energy fuels, and
alternative electric power for small and mid-sized projects in
North America, Europe, and Asia. The Company targets sustainable
energy solutions that are profitable for it, profitable for its
customers, and represent the future of global energy production.

Diamond Bar, California-based TAAD, LLP, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 14, 2025, attached to the Company's Annual Report on
Form 10-K for the year ended December 31, 2024, citing that the
Company has an accumulated deficit and negative cash flows from
operations. These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.

As of September 30, 2025, the Company had $14,798,895 in total
assets, $7,703,762 in total liabilities, and $7,095,133 in total
stockholders' equity.


CLICKSPRING DESIGN: Dawn Maguire Named Subchapter V Trustee
-----------------------------------------------------------
The U.S. Trustee for Region 14 appointed Dawn Maguire, Esq., at
Guttilla Murphy Anderson, as Subchapter V trustee for Clickspring
Design, Inc.

Ms. Maguire will be paid an hourly fee of $395 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Ms. Maguire declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Dawn Maguire, Esq.
     10115 E. Bell Rd., Ste. 107 #498
     Scottsdale, AZ 85260
     Phone: (480) 304-8302
     Fax: (480) 304-8301
     Email: Trustee@MaguireLawAZ.com  

                   About Clickspring Design Inc.

Clickspring Design, Inc. is a design firm formed in 2006 by Erik
Ulfers. It provides broadcast design, experiential design, TV show
set and graphics design, and branded environment design for
consumer and broadcast use. Its work includes immersive,
narrative-based environments and participatory, content-rich
programs for contexts including broadcasters, cities, corporations,
institutions, and individuals.

Clickspring Design sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04352) on May 1, 2026,
with $100,000 to $500,000 in assets and $1 million to $10 million
in liabilities. Glenn Erik Ulfers, chief executive officer, signed
the petition.

Judge Madeleine C. Wanslee presides over the case.

Allan D. NewDelman, Esq., at Allan D. NewDelman, P.C. represents
the Debtor as legal counsel.


CMN GROUP: Seeks to Hire David C. Jones Jr. as Attorney
-------------------------------------------------------
CMN Group LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Virginia to hire David C. Jones, Jr., a
professional practicing law in Virginia, as attorney for the
Debtor.

The counsel will render these services:

      a. advise and consult concerning questions arising in the
conduct of the administration of the estate and concerning the
Debtor's rights and remedies with regard to the estate's assets and
the claims of secured, preferred, and unsecured creditors and other
parties in interest;

      b. assist in the preparation of such pleadings, Motions,
Notices, and Orders as are required for the orderly administration
of the estate; and to consult with and advise the Debtor in
connection with the operation of the business of the Debtor;

      c. prepare and file a Plan of Reorganization and Disclosure
Statement and to obtain the confirmation and completion of the
Plan, and to prepare a Final Report and a Final Accounting;

      d. appear for, prosecute, defend, and represent Debtor's
interests in suits arising in or related to this case; and

      e. investigate and prosecute preference and other actions
arising under the Debtor's avoiding powers.

The Debtor will compensate David C. Jones at the rate of $400 per
hour.

David C. Jones, Jr., Esq., assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtor and its estates.

David C. Jones may be reached at:

     David C. Jones, Jr., Esq.
     10617 Jones Street, Suite 301-A Fairfax
     Virginia 22030
     Tel: (703) 273-7350
     Fax: (703) 385-373

        About CMN Group LLC

CMN Group, LLC filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. E.D. Va. Case No. 26-11060) on May 1,
2026, with $1 million to $10 million in both assets and
liabilities.

David C. Jones, Jr., Esq. at David C. Jones, Jr., P.C. represents
the Debtor as legal counsel.


CONSILIO MIDCO: Golub Capital Marks $621,000 1L Loan at 21% Off
---------------------------------------------------------------
Golub Capital BDC Inc. has marked its $621,000 loan extended to
Consilio Midco Limited to market at $491,000 or 79% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a senior secured loan
extended to Consilio Midco Limited. The 1L Loan accrues interest at
a rate of SF + 4.75% (i) 8.45% per annum. The 1L Loan matures on
April 1, 2032.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

               About Consilio Midco Limited

Consilio Midco Limited operates in the specialty retail sector,
focusing on niche consumer products and tailored retail offerings.



CONVEY HEALTH: New Mountain Marks $13.2MM 1L Loan at 35% Off
------------------------------------------------------------
New Mountain Finance Corp. has marked its $13,284,000 loan extended
to Convey Health Solutions, Inc. to market at $8,641,000 or 65% of
the outstanding amount, according to New Mountain Finance's 10-Q
for the quarter ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to Convey Health Solutions, Inc. The 1L Loan accrues
interest at a rate of SOFR(Q)(17)* 1.31% + 3.94%/PIK 9.05% per
annum. The 1L Loan matures on July 2029.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

               About Convey Health Solutions, Inc

Convey Health Solutions, Inc. is a healthcare company that provides
technology-enabled services and solutions to health plans and
related organizations.


CONVEY HEALTH: New Mountain Marks $2.2MM 1L Loan at 35% Off
-----------------------------------------------------------
New Mountain Finance Corp. has marked its $2,218,000 loan extended
to Convey Health Solutions, Inc. to market at $1,443,000 or 65% of
the outstanding amount, according to New Mountain Finance's 10-Q
for the quarter ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to Convey Health Solutions, Inc. The 1L Loan accrues
interest at a rate of SOFR(Q)(17)* 1.31% + 3.94%/PIK 9.05% per
annum. The 1L Loan matures on July 2029.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

               About Convey Health Solutions, Inc

Convey Health Solutions, Inc. is a healthcare company that provides
technology-enabled services and solutions to health plans and
related organizations.


COREFIT LLC: Hires Smith Kane Holman LLC as Bankruptcy Counsel
--------------------------------------------------------------
CoreFit L.L.C. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Pennsylvania to hire Smith Kane Holman, LLC
as its counsel.

The firm's services include:

     (a) advising the Debtor with respect to its rights and
obligations pursuant to the Bankruptcy Code;

     (b) assisting the Debtor in the preparation of the schedules
and statement of financial affairs and any amendments thereto;

     (c) representing the Debtor at its first meeting of creditors
and any and all Rule 2004 examinations;

     (d) preparing any and all necessary applications, motions,
answers, responses, orders, reports and any other type of pleading
or document regarding any proceeding instituted by or against the
Debtor with respect to this case;

     (e) assisting the Debtor in the formulation and seeking
confirmation of a chapter 11 Plan and disclosure materials; and

     (f) performing all other legal services for the Debtor which
may be necessary or desirable in connection with this case.

The firm received a retainer in the amount of $10,000.

David Smith, Esq., an attorney at Smith Kane Holman, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     David B. Smith, Esq.
     Smith Kane Holman, LLC
     112 Moores Rd.
     Malvern, PA 19355
     Telephone: (610) 407-7215
     Facsimile: (610) 407-7218

        About CoreFit L.L.C.

CoreFit L.L.C. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-11923) on May 01,
2026, with up to $50,000 in assets and $500,001 to $1 million in
liabilities.

Judge Derek J. Baker presides over the case.

David B. Smith, Esq. at Smith Kane Holman, LLC represents the
Debtor as legal counsel.


CORIZON HEALTH: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Three affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                     Case No.
    ------                                     --------
    Corizon Health of New Mexico, LLC          26-01144
       YesCare
    205 Powell Place
    Ste 104
    Brentwood TN 37027

    CHS Care NY, LLC                           26-01145
       YesCare
    205 Powell Place
    Ste 104
    Brentwood TN 37027
                   
    CHS Care TX, LLC                           26-01146
       YesCare
    300 South Jackson St
    Waxahachie TX 75165

Business Description: Corizon Health of New Mexico, LLC,
CHS Care NY, LLC and CHS Care TX, LLC operate through the
YesCare platform to provide healthcare services for correctional
facilities across the U.S. Based in Brentwood, Tennessee, YesCare
delivers medical, dental, behavioral health, reentry and patient-
safety programs for state and local government agencies. The
platform draws on more than 40 years of sector experience and
serves jails, prisons and related correctional settings through
tailored healthcare delivery models.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Middle District of Florida

Judge: Hon. Luis Ernesto Rivera II

Debtors' Counsel: Michael Dal Lago, Esq.
                  DAL LAGO LAW
                  999 Vanderbilt Beach Rd. Suite 200
                  Naples FL 34108
                  Tel: 239-571-6877
                  E-mail: mike@dallagolaw.com

Each Debtor's
Estimated Assets: $50 million to $100 million

Each Debtor's
Estimated Liabilities: $100 million to $500 million

The petitions were signed by David Goldwasser as chief
restructuring officer.

The Debtors failed to attach lists of their 20 largest unsecured
creditors to the petitions.

Full-text copies the petitions are available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/WTCUOVI/Corizon_Health_of_New_Mexico_LLC__flmbke-26-01144__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/FVJU4WA/CHS_Care_NY_LLC__flmbke-26-01145__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/3TJ4L6Y/CHS_Care_TX_LLC__flmbke-26-01146__0001.0.pdf?mcid=tGE4TAMA


CROWN BOILER: Committee Taps Brown Rudnick as Bankruptcy Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Crown Boiler Co.,
LLC received approval from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Brown Rudnick LLP as its
counsel.

The firm's services include:

     a. assisting, advising, and representing the Committee in its
meetings, consultations and negotiations with the Debtor and other
parties in interest regarding the administration of this Case;

     b. assisting, advising, and representing the Committee in
understanding its powers and its duties under the Bankruptcy Code
and the Bankruptcy Rules and in performing other services as are in
the interests of those represented by the Committee;

     c. assisting with the Committee's review of the Debtor'
Schedules of Assets and Liabilities, Statement of Financial Affairs
and other financial reports prepared by or on behalf of the
Debtor;

     d. assisting the Committee's investigation of the acts,
conduct, assets, liabilities, and financial condition of the Debtor
and its affiliates, including certain transactions preceding the
bankruptcy filing;

     e. assisting and advising the Committee regarding the
identification and prosecution of estate claims and causes of
action;

     f. assisting and advising the Committee in its review and
analysis of, and negotiations with the Debtor and any
counterparties related to any potential restructuring
transactions;

     g. reviewing and analyzing all applications, motions,
complaints, orders, and other pleadings filed with the Court by the
Debtor or third parties, advising the Committee as to their
propriety and, after consultation with the Committee, taking any
appropriate action;

     h. preparing necessary applications, motions, answers, orders,
reports, and other legal papers on behalf of the Committee, and
pursuing or participating in contested matters and adversary
proceedings as may be necessary or appropriate in furtherance of
the Committee's duties, interest, and objectives;

     i. representing the Committee at hearings held before the
Court and communicating with the Committee regarding the issues
raised, and the decisions of the Court;

     j. assisting, advising, and representing the Committee in
connection with the review of filed proofs of claim and
reconciliation of or objections to such proofs of claim and any
claims estimation proceedings;

     k. assisting, advising, and representing the Committee in
their participation in the negotiation, formulation, and drafting
of a plan of reorganization/liquidation for the Debtor;

     l. assisting, advising, and representing the Committee with
respect to its communications with the general creditor body
regarding significant matters in this Case;

     m. responding to inquiries from individual creditors as to the
status of, and developments in, this Case; and

     n. providing such other services to the Committee as may be
necessary in this Case or any related proceedings.

Brown Rudnick's current hourly rates are:

     Partners         $1,000 to $2,600
     Counsel          $445 to $1,550
     Associates       $685 to $1,030
     Paralegals       $450 to $575

Brown Rudnick LLP is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code, according to court
filings.

Pursuant to paragraph D, section 1 of the Revised U.S. Trustee
Guidelines, Brown Rudnick responds to the questions set forth
therein as follows:

   Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Answer: No.
   
   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Answer: No.
   
   Question: Has your client approved your prospective budget and
staffing plan, and, if so, for what budget period?

   Answer: The Committee will approve a budget and general staffing
plan in connection with Brown Rudnick's representation of the
Committee.

The firm can be reached at:

      Susan Sieger-Grimm, Esq.
      Brown Rudnick LLP
      7 Times Square
      New York, NY 10036
      Telephone: (212) 209-4863
      E-mail: ssieger-grimm@brownrudnick.com

        About Crown Boiler Co., LLC

Crown Boiler Co., incorporated in 1958 and based in Pennsylvania,
manufactures and distributes residential and commercial hydronic
heating products, including cast iron boilers, oil burners, and
operating controls, serving customers across the United States
through a network of regional wholesalers.

Crown Boiler Co. sought relief under Chapter 11 of the U.S.

Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-20515) on February
25, 2026. In its petition, the Debtor reported assets ranging from
$10 million to $50 million and estimated liabilities in the same
range. The petition was signed by Nick Ribich as vice president and
chief financial officer.

The Debtor is represented by Salene Kraemer, Esq. at MAZURKRAEMER
LAW GROUP.


CROWN BOILER: Committee Taps Province LLC as Financial Advisor
--------------------------------------------------------------
The official committee of unsecured creditors of Crown Boiler Co.,
LLC received approval from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ Province, LLC as
financial advisor and claims expert.

The firm's services include:

     a. becoming familiar with and analyzing the Debtor's DIP/Cash
Collateral budget, assets and liabilities, and overall financial
condition;

     b. reviewing financial and operational information furnished
by the Debtor;

     c. monitoring the sale process, interfacing with the Debtor's
professionals, and advising the Committee regarding the sale
process;

     d. scrutinizing the economic terms of various agreements,
including, but not limited to, various professional retentions;

     e. analyzing the Debtor's proposed business plans and
developing alternative scenarios, if necessary;

     f. assessing the Debtor's various pleadings and proposed
treatment of unsecured creditor claims therefrom;

     g. preparing, or reviewing as applicable, avoidance action and
claim analyses;

     h. assisting the Committee in reviewing the Debtor's financial
reports, including, but not limited to, statements of financial
affairs, schedules of assets and liabilities, DIP/Cash Collateral
budgets, and monthly operating reports;

     i. advising the Committee on the current state of this chapter
11 case;

     j. advising the Committee in negotiations with the Debtor and
third parties as necessary;

     k. estimating the quantity and value of present and future
personal injury claims related to the Debtor's talc-, asbestos-,
and other chemical compound related liabilities;

     l. developing claims procedures and financial models of
payments and assets to be used in the development of a claims
resolution trust;

     m. analyzing and responding to issues relating to draft trust
distribution procedures;

     n. assisting the Committee's investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtor
and their affiliates, including certain transactions preceding the
bankruptcy filing and the formation of the Debtor;

     o. analyzing and valuing claims against the Debtor and
non-Debtor affiliates;

     p. assisting and advising the Committee and counsel regarding
the identification and prosecution of estate claims, including in
connection with any issues regarding the filing of the Case and the
propriety of the filing;

     q. assisting and advising the Committee in its review and
analysis of, and negotiations with the Debtor and non-Debtor
affiliates related to, intercompany transactions and claims;

     r. evaluating and analyzing any proposed proofs of claims, bar
dates, notice procedures, discovery and other information and
sources of information obtained in the bankruptcy case, and
analyzing data from proofs of claim and other information and forms
concerning claims against the Debtor;

     s. analyzing insurance coverage and related issues;

     t. if necessary, participating as a witness in hearings before
the Court with respect to matters upon which Province has provided
advice; and

     u. other activities as are approved by the Committee, the
Committee's counsel, and as agreed to by Province.

Province’s current standard hourly rates are:

     Managing Directors and Partners     $900 to $1,600
     Vice Presidents, Directors, and
     Senior Directors                    $700 to $1,050
     Analysts, Associates, and
     Senior Associates                   $370 to $750
     Paraprofessional/Admin /Interns     $270 to $380

Province will provide a 10% discount on the standard hourly rate of
all timekeepers working on this chapter 11 case.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael Atkinson, a partner with Province, LLC, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Michael Atkinson
     Province, LLC
     2360 Corporate Circle, Suite 340
     Henderson, NV 89074
     Phone: (702) 685-5555

        About Crown Boiler Co., LLC

Crown Boiler Co., incorporated in 1958 and based in Pennsylvania,
manufactures and distributes residential and commercial hydronic
heating products, including cast iron boilers, oil burners, and
operating controls, serving customers across the United States
through a network of regional wholesalers.

Crown Boiler Co. sought relief under Chapter 11 of the U.S.

Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-20515) on February
25, 2026. In its petition, the Debtor reported assets ranging from
$10 million to $50 million and estimated liabilities in the same
range. The petition was signed by Nick Ribich as vice president and
chief financial officer.

The Debtor is represented by Salene Kraemer, Esq. at MAZURKRAEMER
LAW GROUP.



CROWN BOILER: Committee Taps WH Burkley LLP as Local Counsel
------------------------------------------------------------
The official committee of unsecured creditors of Crown Boiler Co.,
LLC received approval from the U.S. Bankruptcy Court for the
Western District of Pennsylvania to employ WH Burkley, LLP as local
counsel.

The firm will assist the Committee and lead counsel in the
performance of the Committee's duties.

The firm will be paid at these rates:

     Attorneys         $315 to $700 per hour
     Paralegals        $165 to $220 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

David W. Ross, Esq., a partner at WH Burkley, LLP, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David W. Ross, Esq.
     WH Burkley, LLP
     601 Grant Street, 9th Floor
     Pittsburgh, PA 15219
     Telephone: (412) 456-8100
     Facsimile: (412) 456-8135
     Email: dross@bernsteinlaw.com

        About Crown Boiler Co., LLC

Crown Boiler Co., incorporated in 1958 and based in Pennsylvania,
manufactures and distributes residential and commercial hydronic
heating products, including cast iron boilers, oil burners, and
operating controls, serving customers across the United States
through a network of regional wholesalers.

Crown Boiler Co. sought relief under Chapter 11 of the U.S.

Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-20515) on February
25, 2026. In its petition, the Debtor reported assets ranging from
$10 million to $50 million and estimated liabilities in the same
range. The petition was signed by Nick Ribich as vice president and
chief financial officer.

The Debtor is represented by Salene Kraemer, Esq. at MAZURKRAEMER
LAW GROUP.


CYCLERION THERAPEUTICS: FMR LLC Holds 15% Equity Stake
------------------------------------------------------
FMR LLC and Abigail P. Johnson disclosed in a Schedule 13G
(Amendment No. 3) filed with the U.S. Securities and Exchange
Commission that as of March 31, 2026, they each beneficially own
649,547 shares of Cyclerion Therapeutics, Inc.'s A Common Stock,
representing 15% of the shares outstanding.

FMR LLC may be reached through:

     Richard Bourgelas
     245 Summer Street
     Boston, MA 02210
     Tel: 617-570-6339

A full-text copy of FMR LLC's SEC report is available at:
https://tinyurl.com/7mhfsn95

A full text copy of the Company's Form 10-Q is available at

                About Cyclerion Therapeutics, Inc.

Cyclerion Therapeutics, Inc. is a biopharmaceutical company focused
on identifying, developing, and delivering promising therapies for
central nervous system (CNS) diseases.

Boston, Massachusetts-based Ernst & Young LLP, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated March 30, 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, has
limited financial resources, and has stated that substantial doubt
exists about the Company's ability to continue as a going concern.

As of March 31, 2026, the Company had $9 million in total assets,
$2.8 million in total liabilities, and $6.2 million in total
stockholders' equity.


D1 READY: Michael Carmel Named Subchapter V Trustee
---------------------------------------------------
The U.S. Trustee for Region 14 appointed Michael Carmel of Michael
Carmel, Ltd. as Subchapter V trustee for D1 Ready Mix LLC.

Mr. Carmel will be paid an hourly fee of $550 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Carmel declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Michael W. Carmel
     Michael W. Carmel, Ltd.
     80 E. Columbus Ave
     Phoenix, AZ 85012-4965
     Phone: 602-264-4965
     Fax: 602-277-0144

                       About D1 Ready Mix LLC

D1 Ready Mix, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04675) on May 11,
2026, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

Judge Daniel P. Collins presides over the case.

Patrick F. Keery, Esq., at Keery Mccue, PLLC represents the Debtor
as legal counsel.


DARE BIOSCIENCE: Reg A Offering Closes With 195K Series A Units
---------------------------------------------------------------
Dare Bioscience, Inc. announced in a regulatory filing that it has
completed closings of its previously announced Regulation A
offering of up to 4,854,000 units, each consisting of one share of
Series A Convertible Preferred Stock and two warrants, each to
purchase one share of its common stock, with each Investor Unit
being offered at an offering price of $5.00. The closings occurred
on each of May 1, 4, 5 and 6, 2026.

In connection therewith, Dare issued an aggregate of 195,010
Investor Units consisting of 195,010 shares of Series A Preferred
Stock and Investor Warrants to purchase up to 390,020 shares of the
Company's common stock.

The offering of the Investor Units is being conducted pursuant to
the Company's  offering statement on Form 1-A (File No. 024-12688),
as amended, which was most recently qualified by the U.S.
Securities and Exchange Commission on April 1, 2026, and the
offering circular dated January 6, 2026, and the offering circular
supplement dated March 26, 2026, which form a part thereof.
Additional information regarding the Offering and the terms of
conversion and exercise of the Series A Preferred Stock and
Investor warrants was previously reported in the Company's Current
Report on Form 8-K filed with the SEC on January 29, 2026, and is
incorporated herein by reference.

                    About Dare Bioscience

Dare Bioscience, Inc. is a biopharmaceutical company committed to
advancing innovative products for women's health. The Company's
mission is to identify, develop, and bring to market a diverse
portfolio of differentiated therapies that prioritize women's
health and well-being, expand treatment options, and improve
outcomes, primarily in the areas of contraception, vaginal health,
reproductive health, menopause, sexual health, and fertility.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated March 26, 2026, citing that the Company's recurring losses
from operations and its dependency on additional financing to fund
operations, raise substantial doubt about the Company's ability to
continue as a going concern.

As of December 31, 2025, the Company had $32.5 million in total
assets and $29.6 million in total liabilities, and total
stockholders' equity of $2.8 million.


DARKPULSE INC: Secures Exclusive U.S. Navy LADAR Patent License
---------------------------------------------------------------
DarkPulse, Inc. announced that it entered into an Exclusive Patent
License Agreement (Agreement No. NLICENSE-NAWCWDCL-26-027) with the
United States of America, as represented by the Secretary of the
Navy, acting through the Naval Air Warfare Center Weapons Division.


Pursuant to the License Agreement, NAWCWD granted the Company an
exclusive, United States-only license to practice inventions
claimed in U.S. Patent Nos.

     * 10,031,215 B1 "Pulse timer providing accuracy in spatially
local dimensioning and visualization",

     * 7,312,855 B1 "Combined coherent and incoherent imaging
LADAR," issued December 25, 2007, and

     * 7,948,610 B2 "Combined coherent and incoherent imaging
LADAR," issued May 24, 2011, continuing until expiration of the
Licensed Patents unless sooner modified or terminated.

The material terms of the License Agreement include:

     (i) a nonrefundable upfront licensing fee of $15,000;

    (ii) a running royalty of 5% of net sales of royalty-bearing
products in the United States, excluding sales to U.S. Government
agencies or for known U.S. Government end use;

   (iii) minimum annual royalties commencing three (3) years after
the effective date, escalating from $10,000 to $15,000 to $20,000
per year, payable in advance and nonrefundable, with automatic
termination upon non-payment;

    (iv) an obligation to bring the Licensed Patents to practical
application within four (4) years of the effective date and to
manufacture products substantially in the United States;

     (v) sublicensing only with NAWCWD's prior written consent,
with sublicense income shared equally with NAWCWD; and

    (vi) NAWCWD's right to terminate for cause upon thirty (30)
days' written notice, including for failure to execute the
Company's commercialization plan.

The license is further subject to the irrevocable, royalty-free
right of the United States Government to practice the Licensed
Patents worldwide.

"We are thrilled to secure this exclusive license from the U.S.
Navy," said Dennis O'Leary, CEO of DarkPulse, Inc. "These
cutting-edge LADAR and pulse timer technologies represent a
transformative addition to our portfolio of laser sensing
solutions. By delivering the working laser targeting system
prototype to our manufacturing partner, we are taking an important
step toward commercialization and fulfilling our commitment to
bring these powerful Navy innovations to practical application for
U.S. defense and security customers."

The license agreement aligns with DarkPulse's ongoing strategy to
integrate government-developed technologies into its suite of
engineering, installation, and security management solutions.

A full text copy of the License Agreement is available at
https://tinyurl.com/bdhx47ma

                       About DarkPulse Inc.

Houston, Texas-based DarkPulse, Inc. is a technology-security
company incorporated in 1989 as Klever Marketing, Inc. Its
wholly-owned subsidiary, DarkPulse Technologies Inc., originally
started as a technology spinout from the University of New
Brunswick, Fredericton, Canada. The Company's security and
monitoring systems will initially be delivered in applications for
border security, pipelines, the oil and gas industry, and mine
safety. Current uses of fiber optic distributed sensor technology
have been limited to quasi-static, long-term structural health
monitoring due to the time required to obtain the data and its poor
precision. The Company's patented BOTDA dark-pulse sensor
technology allows for the monitoring of highly dynamic environments
due to its greater resolution and accuracy.

The Company's auditor, Boladale Lawal & Co., issued a going concern
qualification in its April 14, 2026 report, citing an accumulated
deficit of $74,087,829 and negative working capital of $19,637,276.
The auditor further noted that these conditions raise substantial
doubt about the Company's ability to continue as a going concern,
given its dependence on raising additional equity or debt
financing.

As of December 31, 2025, the Company had $1,367,930 million in
total assets, $20,888,088 million in total liabilities, and
$19,520,158 in total stockholders' deficit.


DEL MONTE: Court Narrows Claims in Lender-on-Lender Rift
--------------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey will grant in part and deny in part the Ad
Hoc Term Lender Group's motion to dismiss the Ad Hoc Group of
Minority Secured Lenders' adversary complaint captioned as Certain
Members of the Ad Hoc Group of Minority Secured Lenders,
Plaintiffs, v. Members of the Ad Hoc Term Lender Group, Defendants,
Adv. Case No. 26-01018-MBK (Bankr. D.N.J.) in the bankruptcy case
of Del Monte Foods Corporation II, Inc. and its affiliated debtors
and debtors in possession. Count I is dismissed with prejudice,
Count II is dismissed without prejudice, and Count III survives as
a plausible claim.

On August 2, 2024, as part of a "drop down" liability management
transaction, the Debtors transferred substantially all of its
assets to DM Intermediate Corporation, which in turn transferred
those assets to a newly formed unrestricted subsidiary, DM
Intermediate II Corporation; those assets were then further
transferred to a second newly formed unrestricted subsidiary, Del
Monte Foods Corporation II Inc.

On the same day, Del Monte Foods Corporation II Inc., as borrower,
and DM Intermediate Corporation, together with certain
subsidiaries, as Guarantors, then entered into a Pre-petition Loan
Agreement that provided for three tranches of term loans:

     (i) the First Out Term Loan totaling $236 million (the "First
Out Term Loan");

    (ii) the Second Out Term Loan totaling $468.8 million (the
"Second Out Term Loan"), and

   (iii) the Third Term Out Loan totaling $135 million (the "Third
Out Term Loan").

The Term Loans were secured by a first-priority lien on the Term
Loan Priority Collateral, and a second priority lien on asset-based
lending Priority Collateral.

On January 23, 2026, Certain Members of the Ad Hoc Group of
Minority Secured Lenders filed the adversary proceeding alleging
breach of contract, breach of the implied covenant of good faith
and fair dealing, and seeking a declaratory judgment. Specifically,
Plaintiffs contend that, under the Final DIP Order, Defendant
Members of the Ad Hoc Term Lender Group reduced certain
pre-petition debt in exchange for the Roll-Up Loans, in violation
of the Pre-petition Loan Agreement, under which both Plaintiffs and
Defendants were lenders. Plaintiffs maintain that Defendants failed
to comply with the Sharing Provision set forth in Section 2.17 of
the Pre-petition Loan Agreement.

On February 25, 2026, Defendants filed the Motion to Dismiss
Plaintiffs' Complaint.

Defendants filed this Motion pursuant to FED. R. CIV. P. 12(b)(6),
for failure to state a claim, applicable to adversary proceedings
pursuant to FED. R. BANKR. P. 7012.

Count I

In Count I, Plaintiffs argue that Defendants breached the
Pre-petition Loan Agreement at the time the Roll-Up Loans were
approved by this Court because the Final DIP Order converted a
portion of the First Out Term Loan into super-priority loans. This,
according to Plaintiffs, reduced Defendants' Pre-petition First Out
Term Loan indebtedness without abiding by the express terms of the
Sharing Provision in the Pre-petition Loan Agreement. Plaintiffs
maintain that Defendants -- through their conduct -- are
essentially depriving Plaintiffs of their so-called "sacred right"
to ratable treatment in loan repayment. And, under the terms set
forth in the Pre-petition Loan Agreement, Plaintiffs argue they are
entitled to share pro rata in any "payment or reduction" of the
debt that Debtors owe under the agreement. Therefore, Plaintiffs
argue Defendants have violated their contractual obligations to
Plaintiffs by allegedly receiving payment on their debt, through
participation in the DIP Loan, without permitting Plaintiffs to
share ratably in that recovery. The Court finds Plaintiffs' reading
of the Pre-petition Loan Agreement unpersuasive.

The Court disagrees with Plaintiffs' view as to the impact of the
DIP transaction and whether the negotiated roll-up mechanism, in
and of itself, triggers any sharing obligations under the
Pre-petition Loan Agreement. Under the DIP Loan, Defendants
provided $165 million in new money loans in exchange for enhanced
priority on $247.5 million of "rolled-up" pre-petition debt. The
DIP Loan granted the Defendants priority through the Roll-Up Loans,
which converted the $247.5 million in pre-petition debt into an
equivalent amount of super-priority DIP obligations. According to
the Court, neither the Debtors' new post-petition loan obligations,
nor the resulting improved treatment of the Defendants'
pre-petition loans, constitute a "payment" or "reduction" of debt
for purposes of the Sharing Provision, as the transactions did not
involve the discharge of any debt.  The Debtors and the Defendants
engaged in a cashless exchange in which the Debtors secured
additional financing by undertaking new post-petition obligations
and agreeing to improved treatment of the Defendants' pre-petition
claims. The Court's entry of the Final DIP Order did not result, in
any way, in a payment, satisfaction or reduction of principal,
interest, fees or other amounts due and owing under the
Pre-petition Loan Agreement. Accordingly, Count I of the Adversary
Complaint is dismissed with prejudice.

Count II

In Count II, Plaintiffs allege Defendants breached the implied
covenant of good faith and fair dealing when Defendants "improperly
circumvented" Plaintiffs' "sacred rights", as well as duties and
obligations imposed upon Defendants under the Pre-petition Loan
Agreement. Additionally, Plaintiffs contend that by entering into
the DIP Loan, Defendants employed a "scheme" to bypass Plaintiffs'
rights under the Pre-petition Loan Agreement. Specifically,
Plaintiffs assert that Defendants converted a portion of their
pre-petition First Out Term Loan into Roll-Up Loans while, at the
same time, reducing their respective Pre-petition First Out Term
Loan indebtedness.  Plaintiffs contend that Defendants' conduct was
improper and performed with the knowledge and intent of damaging
the Plaintiffs.  However, Plaintiffs do not allege that their claim
is predicated on conduct distinct from that underlying the alleged
breach of contract claim identified in Count I. As Defendants
argue, under New York law, Plaintiffs' may not "repackage" a breach
of contract claim under alternative legal theories.  According to
the Court, because Plaintiffs' breach of implied covenant claim is
bottomed on the same allegations and seeks the same damages as the
breach of contract claim, Count II fails as a matter of law.
Accordingly, Count II of the Adversary Complaint is dismissed
without prejudice.

Count III

Plaintiffs seek a declaratory judgment that Defendants must share
pro rata future payments received on their Roll-Up Loans, including
through the Debtors' asset sales.

In this case, the Court agrees that the nature of Plaintiffs'
declaratory judgment claim is premised on payments or reductions
that they may receive in the future and, on that basis, concludes
that Plaintiffs' declaratory judgement claim is not duplicative of
Plaintiffs' contract claims, which are directed at the alleged
payments or reductions that Defendants received through entry into
and participation in the Roll-Up Loans. Accordingly, Count III of
the Adversary Complaint survives dismissal as a plausible claim.

A copy of the Court's Memorandum Decision dated May 11, 2026, is
available at http://urlcurt.com/u?l=3RXakjfrom PacerMonitor.com.

Co-Counsel to the Ad Hoc Super-Senior Term Lender Group:

Scott J. Greenberg, Esq.
Jason Z. Goldstein, Esq.
Kevin Liang, Esq.
Simon Briefel, Esq.
GIBSON DUNN & CRUTCHER LLP
200 Park Avenue
New York, NY 10166-0193
Telephone: (212) 351-6317
E-mail: SGreenberg@gibsondunn.com
        JGoldstein@gibsondunn.com
        KLiang@gibsondunn.com
        SBriefel@gibsondunn.com

     - and -

Francis Petrie, Esq.
GIBSON DUNN & CRUTCHER LLP
333 South Grand Avenue
Los Angeles, CA 90071-3197
Telephone: (213) 229-7000
Email: FPetrie@gibsondunn.com

     - and -

Andrew H. Sherman, Esq.
Gregory Kopacz, Esq.
SILLS CUMMIS & GROSS P.C.
One Riverfront Plaza
Newark, NJ 07102
Telephone: (973) 643-7000
E-mail: ASherman@sillscummis.com
        GKopacz@sillscummis.com

Certain Members of the Ad Hoc Group of Minority Secured Lenders are
represented by:

Allan S. Brilliant, Esq.
G. Eric Brunstad, Jr., Esq.
Stephen D. Zide, Esq.
Stephen M. Wolpert, Esq.
James S. Moser, Jr., Esq.
DECHERT LLP
1095 Avenue of the Americas
New York, NY 10036-6797
Telephone: (212) 698-3500
Email: allan.brilliant@dechert.com
       eric.brunstad@dechert.com
       stephen.zide@dechert.com
       stephen.wolpert@dechert.com
       james.moser@dechert.com

     - and -

John W. Weiss, Esq.
David E. Sklar, Esq.
PASHMAN STEIN WALDER HAYDEN, P.C.
21 Main Street, Suite 200
Hackensack, NJ 07601
Telephone: (201) 270-5477
Email: jweiss@pashmanstein.com
       dsklar@pashmanstein.com

           About Del Monte Foods Corporation II Inc.

Founded in 1886 and headquartered in Walnut Creek, California, the
Del Monte business has been a cornerstone of American grocery
stores for more than 130 years. Del Monte Foods has been driven by
its mission to nourish families with earth's goodness. As the
original plant-based food company, Del Monte is always innovating
to make nutritious and delicious foods more accessible to consumers
across its portfolio of beloved brands, including Del Monte,
Contadina, College Inn, Kitchen Basics, JOYBA, Take Root Organics
and S&W.  On the Web: http://www.delmontefoods.com/or
http://www.joyba.com/       

On July 1, 2025, Del Monte Foods Corporation II, Inc. and 17
affiliated debtors filed voluntary petitions for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. D.N.J. Lead
Case No. 25-16984) to address $1.235 billion in funded debt
obligations. At the time of the filing, the Debtors listed $1
billion to $10 billion in both assets and liabilities.

Judge Michael B. Kaplan presides over the case.

The Debtors tapped Herbert Smith Freehills Kramer (US), LLP and
Cole Schotz P.C. as legal counsel; Jonathan Goulding, managing
director at Alvarez & Marsal North America, LLC, as chief
restructuring officer; and Stretto, Inc. as claims and noticing
agent.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors. The committee hired
Morrison & Foerster LLP as counsel; Province, LLC as financial
advisor; Kelley Drye & Warren LLP as co-counsel; and Stifel,
Nicolaus & Co., Inc. as investment banker.

The Ad Hoc Super-Senior Term Lender Group is represented by Gibson
Dunn & Crutcher LLP and Sills Cummis & Gross P.C.

Certain Members of the Ad Hoc Group of Minority Secured Lenders are
represented by Dechert LLP and Pashman Stein Walder Hayden, P.C. as
counsel.


DENTISTAR P.C.: Ira Bodenstein Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 11 appointed Ira Bodenstein as
Subchapter V trustee for Dentistar P.C.

Mr. Bodenstein 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. Bodenstein declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

                       About Dentistar P.C.

Dentistar P.C. is a dental practice located in Glenview, Illinois.
Founded in 2013, the practice provides general, cosmetic,
pediatric, orthodontic, implant, denture, and emergency dental
services. Its offerings include exams, cleanings, X-rays, treatment
planning, veneers, tooth whitening, braces, retainers, pain relief,
broken tooth care, and denture repair.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-07914) on May 6,
2026, with up to $50,000 in assets and $1 million to $10 million in
liabilities. Sam Shin, president, signed the petition.

Ben Schneider, Esq., at The Law Offices of Schneider & Stone
represents the Debtor as bankruptcy counsel.


DIXIE GROUP: Shareholders Elect Board, OK Exec Pay and Auditor
--------------------------------------------------------------
The Dixie Group, Inc. held its 2026 Annual Meeting of Shareholders.
The final voting results for each of the proposals submitted for
vote by the shareholders are:

Proposal 1 - The number of Directors was set at six, and the
individuals listed below were elected for a term of one year each,
as follows:

1. William F. Blue, Jr.

   * Votes For: 28,501,994
   * Votes Against: 481,297
   * Broker Non-Votes: 5,841,385

2. Charles E. Brock

   * Votes For: 28,468,701
   * Votes Against: 514,590
   * Broker Non-Votes: 5,841,385

3. Daniel K. Frierson

   * Votes For: 28,505,711
   * Votes Against: 477,580
   * Broker Non-Votes: 5,841,385

4. D. Kennedy Frierson, Jr.

   * Votes For: 28,506,377
   * Votes Against: 476,914
   * Broker Non-Votes: 5,841,385

5. Hilda S. Murray

   * Votes For: 28,462,194
   * Votes Against: 521,097
   * Broker Non-Votes: 5,841,385

6. Michael L. Owens

   * Votes For: 28,616,199
   * Votes Against: 367,092
   * Broker Non-Votes: 5,841,385

Proposal 2 - Approval of the Company's Executive Compensation for
its named executive officers ("Say-on-Pay")

   * Votes For: 28,369,017
   * Votes Against: 355,997
   * Abstentions: 258,277
   * Broker Non-Votes: 5,841,385

Proposal 3 - Approval of Forvis Mazars, LLP to serve as independent
registered public accountants of the Company for 2026.

   * Votes For: 34,350,671
   * Votes Against: 24,222
   * Abstentions: 449,783
   * Broker Non-Votes: --

                        About Dixie Group

The Dixie Group, Inc. manufactures, markets, and sells
floorcovering products to residential customers in North America
and internationally. The Company offers residential carpets, custom
rugs, and engineered wood products under the Fabrica brand for
interior decorators and designers, selected retailers and furniture
stores, luxury home builders, and manufacturers of luxury motor
coaches and yachts; and specialty carpets and rugs for the high-end
residential marketplace, as well as luxury vinyl flooring products
and broadloom carpet products under the Masland Residential brand
name through the interior design community and specialty
floorcovering retailers. It provides residential tufted broadloom
carpets and rugs to selected retailers and home centers under the
DH floors and private label brands, as well as luxury vinyl
flooring products to the marketplace it serves. The Company was
founded in 1920 and is based in Dalton, Georgia.

Atlanta, Georgia-based Forvis Mazars, LLP, the Company's auditor
since 2013, issued a "going concern" qualification in its report
dated March 26, 2026, citing that the Company has suffered
recurring losses from operations, reduced availability under its
credit facility, covenant violations, and macroeconomic pressures.
The raises substantial doubt about the Company's ability to
continue as a going concern.

As of December 27, 2025, the Company had $175.2 million in total
assets and $166.4 million in total liabilities, and total
stockholders' equity of $8.8 million.


DOCK ON COOLEY: Gets Final OK to Use Cash Collateral Until July 28
------------------------------------------------------------------
The Dock on Cooley, LLC received final approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to use cash
collateral to fund operations through July 28.

The order permits the Debtor to use cash collateral solely for
ordinary-course business expenses and adequate protection
obligations included in the approved budget, subject to a 10%
cumulative variance per line item. The Debtor may not spend funds
outside the budget without further court approval or consent of
affected secured parties. The Court also authorized rollover of
unpaid budgeted expenses into later weeks, while requiring the
Debtor to remain current on utilities, taxes, insurance, and lease
obligations.

As adequate protection, Cooley Lake Bar & Grill, Inc., FBZ
Enterprises, LLC, and other asserted secured creditors received
replacement liens on postpetition collateral to the same extent and
priority as their alleged prepetition liens.

The Debtor must also make monthly adequate protection payments of
$4,717 to Cooley Lake Bar & Grill, Inc. and monthly lease payments
of $6,000 to FBZ Enterprises, LLC. The order further requires the
Debtor to maintain insurance coverage, pay postpetition taxes when
due, provide financial records and bank statements, and reimburse
up to $1,100 for liquor license renewal costs advanced by the
landlord or lender.

The order outlines several events of default, including failure to
make required payments, maintain insurance, pay taxes, or comply
with the budget variance limits. Upon default, secured parties, the
Trustee, or the U.S. Trustee may seek emergency relief, including
termination of cash collateral authority or relief from the
automatic stay.

The Debtor's authority to use cash collateral automatically
terminates on July 28, 2026, unless extended by further court order
or agreement of affected parties. The order preserves all parties'
rights and defenses regarding lien validity, claim priority,
avoidance actions, and other Bankruptcy Code remedies.

                  About The Dock on Cooley LLC

The Dock on Cooley, LLC is a limited liability company engaged in
hospitality and waterfront-related business operations.

The Dock on Cooley sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-30869) on April 8,
2026, with between $100,001 and $500,000 in both assets and
liabilities.  

Judge Joel D. Applebaum oversees the case.

Robert N. Bassel, Esq., represents the Debtor as legal counsel.


DR DELICACY: Melissa Haselden Named Subchapter V Trustee
--------------------------------------------------------
The U.S. Trustee for Region 7 appointed Melissa Haselden, Esq., at
Haselden Farrow, PLLC as Subchapter V trustee for DR Delicacy,
LLC.

Ms. Haselden will be paid an hourly fee of $625 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Ms. Haselden declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Melissa A. Haselden, Esq.  
     Haselden Farrow, PLLC
     700 Milam, Suite 1300
     Pennzoil Place
     Houston, TX 77002
     Telephone: (832) 819-1149
     Facsimile: (866) 405-6038
     mhaselden@haseldenfarrow.com

                       About DR Delicacy LLC

DR Delicacy, LLC, a company based in Houston, operates a gourmet
food retail and distribution business specializing in luxury
culinary ingredients, including caviar, truffles, specialty
mushrooms, foie gras, and related pantry items sourced from
domestic and international suppliers. The company serves chefs,
restaurants, and individual consumers through its online platform
and warehouse store, offering seasonal products and curated
selections for high-end dining and gifting.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 26-32815) on April 23,
2026. In the petition signed by Diane Roederer, sole member, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.

Judge Jeffrey P. Norman oversees the case.

Reese Baker, Esq., at Baker & Associates, represents the Debtor as
legal counsel.


DROPOFF INC: Horizon Technology Marks $2.6M Loan at 44% Off
-----------------------------------------------------------
Horizon Technology Finance Corp. has marked its $2,617,000 loan
extended to Dropoff, Inc. to market at $1,473,000 or 56% of the
outstanding amount, according to Horizon Tech Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

Horizon Technology Finance Corp. is a participant in a term loan
extended to Dropoff, Inc. The Loan accrues interest at a rate of
13.25% Prime 6.50% 9.75% — 3.50% per annum. The Loan matures on
June 1, 2026.

Horizon Technology Finance Corp. is a business development company
that provides secured debt and venture lending solutions to
growth-stage technology and life sciences companies.

The Fund is led by Michael P. Balkin as Chief Executive Officer and
Daniel R. Trolio as Chief Financial Officer.

The Fund can be reached at:

     Michael P. Balkin
     Horizon Technology Finance Corporation
     312 Farmington Avenue
     Farmington, CT 06032
     Telephone: (860) 676‑8654

               About Dropoff Inc.

Dropoff Inc. is a software-focused company, suggesting it develops
or provides technology solutions in the logistics or related
services sector.


DROPOFF INC: Horizon Technology Marks $6.2M Loan at 44% Off
-----------------------------------------------------------
Horizon Technology Finance Corp has marked its $6,280,000 loan
extended to Dropoff, Inc. to market at $3,531,000 or 56% of the
outstanding amount, according to Horizon Tech Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

Horizon Technology Finance Corp is a participant in a term loan
extended to Dropoff, Inc. The Loan accrues interest at a rate of
13.25% Prime 6.50% 9.75% — 3.50% per annum. The Loan matures on
June 1, 2026.

Horizon Technology Finance Corp is a business development company
that provides secured debt and venture lending solutions to
growth-stage technology and life sciences companies.

The Fund is led by Michael P. Balkin as Chief Executive Officer and
Daniel R. Trolio as Chief Financial Officer.

The Fund can be reached at:

     Michael P. Balkin
     Horizon Technology Finance Corporation
     312 Farmington Avenue
     Farmington, CT 06032
     Telephone: (860) 676‑8654

              About Dropoff Inc.

Dropoff, Inc. is a software-focused company, suggesting it develops
or provides technology solutions in the logistics or related
services sector.



DROPOFF INC: Horizon Technology Marks $6.8M Loan at 44% Off
-----------------------------------------------------------
Horizon Technology Finance Corp. has marked its $6,804,000 loan
extended to Dropoff, Inc. to market at $3,826,000 or 56% of the
outstanding amount, according to Horizon Tech Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

Horizon Technology Finance Corp. is a participant in a term loan
extended to Dropoff, Inc. The Loan accrues interest at a rate of
13.25% Prime 6.50% 9.75% — 3.50% per annum. The Loan matures on
June 1, 2026.

Horizon Technology Finance Corp. is a business development company
that provides secured debt and venture lending solutions to
growth-stage technology and life sciences companies.

The Fund is led by Michael P. Balkin as Chief Executive Officer and
Daniel R. Trolio as Chief Financial Officer.

The Fund can be reached at:

     Michael P. Balkin
     Horizon Technology Finance Corporation
     312 Farmington Avenue
     Farmington, CT 06032
     Telephone: (860) 676‑8654

                         About Dropoff Inc.

Dropoff, Inc. is a software-focused company, suggesting it develops
or provides technology solutions in the logistics or related
services sector.


DROPOFF INC: Horizon Technology Marks $7.8M Loan at 44% Off
-----------------------------------------------------------
Horizon Technology Finance Corp. has marked its $7,850,000 loan
extended to Dropoff, Inc. to market at $4,421,000 or 56% of the
outstanding amount, according to Horizon Tech Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

Horizon Technology Finance Corp. is a participant in a term loan
extended to Dropoff, Inc. The Loan accrues interest at a rate of
13.25% Prime 6.50% 9.75% — 3.50% per annum. The Loan matures on
June 1, 2026.

Horizon Technology Finance Corp. is a business development company
that provides secured debt and venture lending solutions to
growth-stage technology and life sciences companies.

The Fund is led by Michael P. Balkin as Chief Executive Officer and
Daniel R. Trolio as Chief Financial Officer.

The Fund can be reached at:

     Michael P. Balkin
     Horizon Technology Finance Corporation
     312 Farmington Avenue
     Farmington, CT 06032
     Telephone: (860) 676‑8654

                         About Dropoff Inc.

Dropoff, Inc. is a software-focused company, suggesting it develops
or provides technology solutions in the logistics or related
services sector.



DUSTED77 FINE: Seeks to Tap Redpoint Financial Group as Accountant
------------------------------------------------------------------
Dusted77 Fine Minerals, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to employ Redpoint Financial
Group as accountant.

The firm will provide these services:

   (a) maintain the Debtor's books and records;

   (b) prepare tax returns; and

   (c) assist the Debtor in the preparation of monthly operating
reports during the course of the bankruptcy case.

The firm has historically charged the Debtor a flat rate of $250
per week to provide the accounting services.

Redpoint Financial Group is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings.

The firm can be reached at:

     Josh Predolich
     Redpoint Financial Group
     4785 Tejon Street
     Denver, CO 80211

       About Dusted77 Fine Minerals, LLC

Dusted77 Fine Minerals, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Colo. Case No. 26-13000) on April 29, 2026. At the time
of filing, the Debtor estimated $100,001 to $500,000 in assets and
$500,001 to $1 million in liabilities.

Judge Kimberley H Tyson presides over the case.

The Debtor hires Markus Williams LLC as counsel.


ELITE DENTAL: Golub Capital Marks $12.4MM Loan at 82% Off
---------------------------------------------------------
Golub Capital BDC Inc. has marked its $12,447,000 loan extended to
Elite Dental Partners LLC to market at $2,240,000 or 18% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a loan extended to Elite
Dental Partners LLC. The Loan accrues interest at a rate of SF +
12.00 % (j) 15.85 % PIK per annum. The Loan matures on September 1,
2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Elite Dental Partners LLC

Elite Dental Partners LLC is a dental practice management company
that operates a network of dental clinics supported by private
credit financing.


ELITE DENTAL: Golub Capital Marks $19.3MM Loan at 85% Off
---------------------------------------------------------
Golub Capital BDC Inc. has marked its $19,263,000 loan extended to
Elite Dental Partners LLC to market at $2,890,000 or 15% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a loan extended to Elite
Dental Partners LLC. The Loan accrues interest at a rate of SF +
5.25 % (j) 9.10 % PIK per annum. The Loan matures on September 1,
2027.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Elite Dental Partners LLC

Elite Dental Partners LLC is a dental practice management company
that operates a network of dental clinics supported by private
credit financing.



EMG UTICA: $55MM Term Loan Add-on No Impact on Moody's 'B3' CFR
---------------------------------------------------------------
Moody's Ratings commented that EMG Utica Midstream Holdings LLC's
(Holdings, B3 stable) proposed offering of a $55 million add-on to
its backed senior secured term loan B does not affect its ratings,
including the B3 Corporate Family Rating and the B3 rating on the
senior secured term loan B due 2030. The outlook is stable. The
proceeds from the add-on term loan will be used to partially fund
the acquisition of a minority equity stake in Holdings by the
company and repay borrowings under Holdings' revolving credit
facility (unrated).

The proposed transaction will increase Holdings' debt by
approximately $31 million (approximately a six percent increase in
debt) to $563 million as of March 31, 2026, pro forma for the $55
million add-on term loan and repayment of approximately $24 million
of revolver borrowings. The add-on senior secured term loan will be
fungible with the existing senior secured term loan and will be
treated as a single class of debt with identical terms.

Moody's expects Holdings leverage to remain below 3.5x in 2026, as
earnings of the operating companies in which Holdings has minority
stakes continue to grow and the term loan debt is repaid at the
required one percent per year rate. Holdings has received
increasing distributions over the past three years as the gathering
and processing volumes of the operating companies' assets have
grown, supporting increases in distributions to Holdings. The
operating companies had record gathering volumes in 2025. Moody's
expects Holdings to benefit from further growth in distributions in
2026-2027, as gathering and processing volumes of the operated
assets in the Utica continue to drive earnings higher.

The transaction will leave Holdings with an undrawn revolver credit
facility due 2030, boosting its liquidity and the cash balance will
remain unchanged (~$19 million as of March 31, 2026). The company
will continue to have good liquidity supported by its revolving
credit facility, positive cash flow from operations and cash
balances. Both the revolver and the term loan mature in 2030.
Holdings will continue to generate positive free cash flow that can
be used to reduce the term loan balance. The change in ownership of
EMG Utica Midstream Holdings LLC will not have an impact on the
company's operations or distributions to Holdings from its minority
stakes in the operating companies.

EMG Utica Midstream Holdings LLC (Holdings) is a holding company
established in connection with the extension of The Energy &
Minerals Group's (EMG) investment in midstream energy
infrastructure in the Utica Shale Play in the State of Ohio.
Holdings owns a 39% economic stake in EMG Utica, LLC and a 33%
economic stake in EMG MWE Dry Gas Holdings, LLC, which indirectly
owns Summit Midstream Utica. MPLX LP is the joint venture partner
and operator of the gathering and processing assets.


EPIC LABORATORIES: Michael Markham Named Subchapter V Trustee
-------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Michael Markham,
Esq., as Subchapter V trustee for Epic Laboratories, LLC.

Mr. Markham, a partner at Johnson Pope Bokor Ruppel & Burns, LLP,
will be paid an hourly fee of $400 for his services as Subchapter V
trustee and will be reimbursed for work-related expenses incurred.


Mr. Markham declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Michael C. Markham, Esq.
     Johnson Pope Bokor Ruppel & Burns, LLP
     401 E. Jackson Street, Suite 3100
     Tampa, FL 33602
     Phone: (727) 480-5118
     Mikem@jpfirm.com  

                    About Epic Laboratories LLC

Epic Laboratories, LLC is a Tampa, Florida-based company that
provides contract manufacturing and private-label production for
consumer products, including personal-care and over-the-counter
items.

Epic Laboratories sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03912) on May 7,
2026, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Kimberly Canavan, member, signed the
petition.

James W. Elliott, Esq., at McIntyre Thanasides Bringgold Elliott
represents the Debtor as legal counsel.


ERIE KASH: Gets Interim OK to Use Cash Collateral
-------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
entered an amended interim order authorizing Erie Kash Out
Properties, LLC to use cash collateral.

Under the order, the Debtor may use cash collateral according to
the interim budget  The Debtor is allowed flexibility to exceed
budgeted disbursements by up to 10% in the aggregate without
obtaining additional court approval. The budget is also required to
account for payment of the Subchapter V trustee's fees.

The Debtor projects total operational expenses of $4,196.81 for the
period from May 1 to July 31.

As adequate protection for the secured creditors, the Debtor must
continue making timely post-petition contractual mortgage payments,
including principal, interest, and escrow amounts, beginning from
the date of the order and continuing until a final cash collateral
order is entered. The secured creditors retain all rights in the
event of any default or decline in the value of their collateral.
The order specifically authorizes the Debtor to continue making its
ordinary monthly loan payments to secured lenders.

Any objections to final approval of the cash collateral motion must
be filed and served by July 15.

A final hearing on the motion is scheduled for July 22.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/ZV9jK from PacerMonitor.com.

                About Erie Kash Out Properties

Erie Kash Out Properties, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D. Pa. Case No.
25-11729) on May 2, 2025, listing $100,001 to $500,000 in assets
and $500,001 to $1 million in liabilities.

Judge Ashely M Chan presides over the case.

Brad J. Sadek, Esq., at Sadek Law Offices, LLC represents the
Debtor as bankruptcy counsel.


EVERFORTH INC: Moody's Affirms Ba2 CFR & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Ratings affirmed Everforth, Inc.'s (Everforth, formerly
ASGN) corporate family rating at Ba2 and probability of default
rating at Ba2-PD. Concurrently, Moody's affirmed the company's
senior secured first lien bank credit facilities, consisting of a
$500 million senior secured first lien revolving credit facility
expiring February 2028, a $100 million senior secured first lien
term loan A due February 2028, and a $498.75 million senior secured
first lien term loan B1 due August 2030 at Ba1. Moody's also
affirmed the company's $550 million senior unsecured notes due May
2028 at Ba3. The speculative-grade liquidity rating (SGL) is
maintained at SGL-1. The outlook was changed to negative from
stable. Everforth is a provider of IT services and solutions across
the Commercial and Federal Government sectors.

The revision of Everforth's outlook to negative from stable
reflects Moody's expectations that the company's credit metrics
will remain weakly positioned relative to the Ba2 CFR, at least
through 2026. The company's higher margin business, mainly
enterprise-software IT consulting associated with Workday,
Salesforce, and ServiceNow projects, were slow to advance in the
first quarter of 2026. Moody's expects profitability will remain
pressured, at least through the first half of 2026, with less
visibility for the remainder of the year. This development,
combined with several years of declining revenue across both the
commercial and federal government segments, and debt-funded
acquisitions, most notably Quinnox in March 2026, has left the
company with high debt/EBITDA, which Moody's expects will remain
above 4x in 2026. The affirmation of the Ba2 CFR reflects Moody's
views that the company will generate strong free cash flow in 2026
that will be used for debt repayment. Everforth's revenue trend,
while still negative, is improving and Moody's expects it to
stabilize in the second half of 2026 as the company lapses
government shutdown and funding disruptions that occurred in 2025.
Moody's also expects margins to somewhat recover over the next 12
to 18 months as IT consulting projects ramp-up and integration
costs associated with Quinnox abate.

RATINGS RATIONALE

Everforth's Ba2 CFR reflects its leading position in technology and
digital engineering solutions, large operating scale supported by
Moody's expectations for around $4 billion of revenue in 2026, and
very good liquidity supported by $250 million of free cash flow in
2026. The company operates in a highly competitive, cyclical, and
fragmented industry with a focus on a large and diverse commercial
client base and the US Federal Government. Modest EBITDA margins of
around 8.5% to 9% are expected in 2026, reflecting strong
competition in the assignment and IT consulting services markets,
as well as the ongoing cyclical downturn in the assignment business
and curtailment in Federal government contracts. Notably, the
company no longer will report its assignment business revenue and
volumes, and will fold it into the respective industry vertical.
This reduces transparency with respect to the cyclicality of the
assignment business, which tends to be more near-term demand
driven.

Moody's expects the rapidly evolving AI landscape will create
uncertainty around project spending, but anticipate overall demand
growth supported by AI, data and security infrastructure spending.
Moody's expects the company's consulting business will grow in
2026, however headwinds in the commercial assignment business will
result in overall revenue remaining flat to slightly negative. In
March 2026, Everforth acquired Quinnox, an application
modernization and digital engineering firm, for $290 million. The
company financed the acquisition through revolver borrowings.

All financial metrics cited reflect Moody's standard adjustments.

The credit profile is constrained by a debt-funded acquisition
strategy that has historically led to financial leverage increasing
to as high as 4.0x debt/EBITDA following a transaction. Moody's
expects that the company will prioritize the use of excess free
cash flow toward repayment of the revolver rather than acquisitions
and share repurchases. The company has a publicly stated net
leverage target of 2.5x, which compares to approximately 3.1x
(company's figure) at 1Q26.

The $500 million senior secured first lien revolving credit
facility expiring in 2028, $100 million senior secured first lien
term loan A due 2028, and $498.75 million senior secured first lien
term loan B1 due 2030 are rated Ba1, reflecting the Ba2-PD PDR and
the support provided by their priority position in the capital
structure that benefits from first-loss absorption from the $550
million senior unsecured notes due 2028. The senior unsecured notes
are rated Ba3 reflecting their contractual subordination to senior
secured first lien bank credit facilities.

The SGL-1 liquidity rating reflects Moody's assessments of
Everforth's liquidity as very good, supported by Moody's
expectations for free cash flow of around $250 million over the
next 12 months, a cash balance of $143 million as of 31 March 2026,
and $160 million of availability under its $500 million senior
secured first lien revolving credit facility expiring February
2028. The senior secured first lien term loan B1 has $5 million of
annual mandatory amortization. The senior secured first lien term
loan A has $2.5 million of mandatory amortization that steps up to
$5 million at the end of 2026. The senior secured first lien
revolving credit facility is subject to a maximum secured leverage
covenant set at 3.75x to be tested when more than $20 million is
utilized under the revolver. The leverage test allows for an
additional 0.5x of leverage for three quarters following a
permitted acquisition. Moody's expects the company to maintain
ample cushion under this covenant requirement through maturity.

The negative outlook reflects Moody's expectations that debt/EBITDA
will remain elevated above 4x in 2026, along with reduced revenue
and earnings visibility. Absent debt-funded acquisitions, Moody's
expects liquidity will remain very good over the next 12 to 18
months from strong free cash flow. The negative outlook could be
revised to stable if the company demonstrates sustained revenue and
earnings growth leading to debt/EBITDA sustained below 3.5x. A
stable outlook would also require the company to address its 2028
debt maturities before becoming current.

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

The rating could be upgraded if revenue and earnings growth is
strong such that debt/EBITDA is sustained and Moody's expects it to
remain below 2.5x and retained cash flow to net debt above 30%
through the economic cycle. Demonstration of balanced financial
strategies as it pertains to leverage and allocation of capital, as
well as greater financial flexibility through a predominantly
unsecured debt capital structure, including its bank credit
facility, would also support a rating upgrade.

The ratings could be downgraded if the company's revenue and
earnings continue to decline, Moody's expects debt/EBITDA to remain
above 3.5x, retained cash flow to net debt falls below 20% and/or
the company adopts more aggressive financial policies including
additional leveraging acquisitions prior to debt reduction, or
debt-financed dividends or share repurchases.

The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.

Headquartered in Glen Allen, Virginia, Everforth, Inc. (NYSE: EFOR)
is a global technology and digital engineering services company
providing commercial enterprises and government agencies with
digital engineering, cloud, data, cybersecurity, and enterprise
platform solutions. Moody's expects the company will generate
around $4 billion of revenue in 2026.


FAMILYTIME MANSFIELD: Frances Smith Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Region 6 appointed Frances Smith, Esq., at
Ross, Smith & Binford, PC, as Subchapter V trustee for Familytime
Mansfield.

Ms. Smith 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. Smith declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Frances A. Smith, Esq.
     Ross, Smith & Binford, PC
     700 N. Pearl Street, Ste. 1610
     Dallas, TX 75201
     Phone: 214-593-4976
     Fax: 214-377-9409
     Email: frances.smith@rsbfirm.com  

                     About Familytime Mansfield

Familytime Mansfield sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-41974) on May 4,
2026, with $1,000,001 to $10 million in assets and $500,001 to $1
million in liabilities.

Judge Mark X. Mullin presides over the case.


FARMERS COOPERATIVE: Behrooz Vida Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Region 6 appointed Behrooz Vida, Esq., at the
Vida Law Firm, PLLC as Subchapter V trustee for Farmers Cooperative
Gin of Anson, Texas.

Mr. Vida will be paid an hourly fee of $495 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Vida declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Behrooz P. Vida, Esq.
     The Vida Law Firm, PLLC
     3000 Central Drive
     Bedford, TX 76021
     Telephone: (817) 358-9977
     Facsimile: (817) 358-9988
     behrooz@vidalawfirm.com

           About Farmers Cooperative Gin of Anson, Texas

Farmers Cooperative Gin of Anson, Texas is a cotton gin
cooperative, operating both a cotton processing gin and a farm
supply store in Anson, Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-10109) on April 23,
2026. In the petition signed by Mike Polk, manager, the Debtor
disclosed up to $10 million in assets and up to $1 million in
liabilities.

David R. Langston, Esq., at Mullin Hoard & Brown, LLP, represents
the Debtor as legal counsel.


FIRST BRANDS: Federal Watchdogs Wants Ch. 11 Converted to Ch. 7
---------------------------------------------------------------
Steven Church and Jonathan Randles of Bloomberg News report that
Bankruptcy watchdogs are seeking to place First Brands Group LLC
into Chapter 7, arguing the company's Chapter 11 proceedings have
generated excessive professional costs that are draining estate
resources.

The U.S. Trustee stated in court filings that First Brands has
already paid at least $245 million in fees to advisers and
restructuring professionals. Officials argued that appointing a
Chapter 7 trustee would allow the remaining liquidation activities
and litigation matters to proceed more economically and
efficiently.

First Brands is a manufacturer and distributor of automotive
replacement components serving the aftermarket vehicle industry.
The company entered bankruptcy amid financial distress and has
since pursued asset monetization efforts while managing disputes
with creditors and other stakeholders, the report relays.

A decision on the proposed conversion could significantly affect
how remaining assets are distributed and how ongoing claims are
handled. The bankruptcy court is expected to consider whether
continued Chapter 11 oversight remains justified given the mounting
administrative expenses tied to the case, according to Bloomberg.

               About First Brands Group

Rochester Hills, Mich.-based First Brands Group, LLC is a global
supplier of aftermarket automotive parts.

On September 24, 2025, the Company's non-operational special
purpose entities, Global Assets LLC, Global Lease Assets Holdings,
LLC, Carnaby Capital Holdings, LLC, Broad Street Financial
Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II,
LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III,
LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC,
Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and
Starlight Inventory Holdings I, LLC each filed a voluntary petition
for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S.
Bankruptcy Court for the Southern District of Texas.

Commencing on September 28, 2025, First Brands Group, LLC and 98
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the Southern District of Texas. In its petition, First Brands
Group listed $1 billion to $10 billion in estimated assets and $10
billion to $50 billion in estimated liabilities.

The cases are pending before the Hon. Christopher M. Lopez, and are
jointly administered under Case No. 25-90399, and consolidated for
procedural purposes only.

The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel;
Lazard Freres & Co. as investment banker; Alvarez & Marsal North
America, LLC as financial advisor; and C Street Advisory Group as
strategic communications advisor. Kroll Restructuring
Administration, LLC is the Debtors' claims, noticing and
solicitation agent.

Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group
of Lenders' legal counsel and investment banker, respectively.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.


FLOOF LLC: Court OKs Final Use of Cash Collateral
-------------------------------------------------
The United States Bankruptcy Court for the Middle District of
Tennessee entered a final order authorizing FLOOF, LLC to continue
using cash collateral.

Under the order, the Debtor may continue using cash collateral to
pay ordinary and necessary operating expenses in accordance with
its approved budget, subject to a variance of up to 10% by
individual line item and in the aggregate. The authority remains
effective through the "Effective Date" of the Debtor's First
Amended Chapter 11 Plan.

During the final period, the Debtor may access all existing cash,
bank deposits, cash equivalents, post-petition revenues, accounts
receivable, and funds held by third-party payment processors or
payors, free from interference by creditors claiming rights in
those funds.

As adequate protection, the court granted replacement liens on
post-petition assets to potential secured creditors, including EBF
Holdings, LLC (Everest Business Funding) and Rapid Financial
Solutions.

The court emphasized that the order does not determine whether any
specific cash or postpetition revenues actually constitute
collateral subject to a valid security interest. All parties retain
their rights to challenge the validity, priority, enforceability,
or adequacy of any asserted liens or adequate protection.

The order is available at https://shorturl.at/Bn2PR from
PacerMonitor.com.

                          About Floof LLC

Floof, LLC operates a pet grooming business.

Floof sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. M.D. Tenn. Case No. 25-05356) on December 19, 2025,
listing up to $50,000 in assets and $100,001 to $500,000 in
liabilities. Glen Watson, Esq., at Watson Law Group, PLLC serves as
Subchapter V trustee.

Judge Randal S. Mashburn presides over the case.

Keith L. Edmiston, Esq., at Edmiston Law Firm, PLLC represents the
Debtor as bankruptcy counsel.


FLUX POWER: Q3 2026 Loss Widens to $3.2M, GBC Facility in Default
-----------------------------------------------------------------
Flux Power Holdings, Inc. has filed its Quarterly Report on Form
10-Q with the U.S. Securities and Exchange Commission, reporting a
net loss of $3.2 million for the three months ended March 31, 2026,
compared to a net loss of $1.9 million for the same period in the
prior year.

For the nine-month period ended March 31, 2026, the Company
reported a net loss of $5.1 million, compared to a net loss of $5.5
million in the corresponding prior-year period. Revenues for the
three months ended March 31, 2026 were $6.6 million, compared to
$16.7 million in the prior-year period. Revenues for the nine
months ended March 31, 2026 decreased to $33.9 million from $49.7
million in the same period of the prior year.

CEO Commentary

"As expected, third quarter revenue was impacted mainly by our most
significant material handling customer implementing a capital
freeze and dynamic order patterns across the business," said
Krishna Vanka, Flux Power's CEO. "Additionally, the onset of the
geopolitical tensions towards the end of the quarter resulted in
fuel price increases that unexpectedly delayed some customer order
decisions.

"In response to these near-term challenges, we promptly implemented
additional expense reduction actions to maintain our lean cost
structure and to enhance future operating leverage. We have also
taken steps to optimize our pricing structure to drive OEM volume
purchases, enhance our sales organization with new leadership
focused on OEM growth and expand our marketing outreach initiatives
and brand awareness. We also had an extremely successful MODEX
trade show winning a coveted industry Sustainability Award, while
also meeting with many customers, partners and OEMs in our booth.

"As a result of these proactive efforts, we have seen other
positive indications of increased order activity across the
business that we believe point to renewed sequential revenue growth
of about 20% in our fourth quarter. Looking longer-term, we remain
focused on executing our strategic initiatives and capitalizing on
the many opportunities in the global lithium-ion battery industry,
which continues to grow at an increasing rate across the markets we
serve."

Liquidity and Financial Condition

Historically, the Company's revenues and operating cash flows have
not been sufficient to sustain its operations and the Company has
relied on debt and equity financing, including the Public Offering
(as described below), for additional funds. The Company has
incurred an accumulated deficit of $111.5 million through March 31,
2026, and for the nine months ended March 31, 2026 incurred a net
loss of $5.1 million and utilized $5.7 million in support of
operating activities. As of March 31, 2026, the Company had a cash
balance of $0.4 million and $10.3 million of available funding
under the Gibraltar Business Capital Credit Facility, subject to
borrowing base limitations. The Company's borrowing base changes as
qualified collateral fluctuates and, therefore, available funding
under the GBC Credit Facility could be substantially lower.

In addition, the Company's ability to meet projected revenue
targets and generate cash from operations has been impacted by
delays in new orders for its energy storage solutions, reflecting
corresponding deferrals of new forklift purchases by selected large
customer fleets due to lower capital spending and interest rate
variability, and more recently, global tariff uncertainties.

The Company imports a portion of its raw materials and components
parts from other countries, including China. Recently, many of the
countries where the Company sources raw materials and component
parts have become subject to import tariffs upon entry into the
United States. The selling prices of the Company's finished
products have been increased due to increased tariff levels in
effect, which may have a negative impact on the Company's revenues
and cash flows.

The Company has implemented reductions in labor and overhead costs
and has increased selling prices of energy storage solutions,
however, management is evaluating strategies to further improve
profitability of operations. Gross margin improvement tasks include
but are not limited to a plan to drive bill of material costs down.
The Company continues to execute cost reduction, sourcing and
pricing recovery initiatives in efforts to increase gross margins
and improve cash flow from operations.

During the nine months ended March 31, 2026, the Company completed
a Private Placement of Preferred Stock Warrants and Common Stock
Warrants, and raised $3.2 million in cash proceeds, net of offering
costs of $0.7 million and the cancellation of $1.2 million of
outstanding debt. The Company also completed the Public Offering of
its common stock and raised $9.8 million in cash proceeds, net of
offering costs of $1.3 million.

Management has evaluated the Company's expected cash and working
capital requirements, which include, but are not limited to,
investments in additional sales and marketing, research and
development and capital equipment, as well as the Company's
expected funding sources, which include, but are not limited to,
the Company's existing cash, forecasted gross margin and funding
available under the GBC Credit Facility, subject to certain
restrictions, covenants and borrowing base limitations. The
Company's borrowing base changes as qualified collateral fluctuates
and, therefore, available funding under the GBC Credit Facility
could be substantially lower.

As of March 31, 2026, the Company determined that the Company
failed to comply with the minimum EBITDA financial covenant for the
trailing three-month period ended March 31, 2026 under the GBC
Credit Facility, which resulted in an "event of default" under the
GBC Credit Facility. The Company is working with GBC to negotiate
an amendment to the GBC Credit Facility or otherwise obtain a
waiver from GBC. GBC has allowed the Company to continue to have
access to its line of credit under the GBC Credit Facility while
negotiations continue, however, GBC can choose to limit this access
at any time until the Company can successfully negotiate an
amendment to the GBC Credit Facility or obtain a waiver from GBC.
While the Company has in the past successfully renegotiated the
terms of the GBC Credit Facility, and is optimistic about its
ability to do so again, there can be no assurances that the Company
will be able to negotiate an amendment to the GBC Credit Facility
or obtain a waiver from GBC on terms favorable to the Company or at
all. In addition, upon the occurrence of an event of default under
the GBC Credit Facility, GBC may, at its option, declare its
commitments to the Company terminated and all of the Company's
obligations under the GBC Credit Facility immediately due and
payable, all without demand, notice or further action of any kind
required on the part of GBC, and/or exercise other remedies
available to it, which include, among other things, its rights as a
secured party under the GBC Credit Facility. Since GBC can choose
to limit the Company's access to its line of credit under the GBC
Credit Facility at any time and successful negotiation of an
amendment to the GBC Credit Facility or a waiver from GBC cannot be
guaranteed, substantial doubt exists about the Company's ability to
continue as a going concern over the 12 months following the filing
date of the report on Form 10-Q.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/5n7aavkd

                           About Flux Power

Flux Power Holdings, Inc. (FLUX: NASDAQ), through its subsidiary
Flux Power, Inc., designs, develops, and sells rechargeable
lithium-ion energy storage systems for electric forklifts, airport
ground support equipment (GSE), and other industrial motive
applications in the United States.  The Company is headquartered in
Vista, California.

As of March 31, 2026, the Company had $25.6 million in total
assets, $21 million in total liabilities, and $4.6 million in total
stockholders' equity.

Irvine, California-based Haskell & White LLP, the Company's auditor
since 2025, issued a "going concern" qualification in its report
dated September 16, 2025, attached to the Company's Annual Report
on Form 10-K for the year ended June 30, 2025, citing that the
Company has recurring losses from operations, an accumulated
deficit, expects to incur losses for the foreseeable future and
requires additional working capital to achieve its operating plans.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.


FO&O INC: Frances Smith Named Subchapter V Trustee
--------------------------------------------------
The U.S. Trustee for Region 6 appointed Frances Smith, Esq., at
Ross, Smith & Binford, PC, as Subchapter V trustee for FO&O Inc.

Ms. Smith 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. Smith declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Frances A. Smith, Esq.
     Ross, Smith & Binford, PC
     700 N. Pearl Street, Ste. 1610
     Dallas, TX 75201
     Phone: 214-593-4976
     Fax: 214-377-9409
     Email: frances.smith@rsbfirm.com  

                          About FO&O Inc.

FO&O Inc. provides utility and telecommunication construction
services from Midlothian, Texas. The company's work includes
cabling, digging, boring, right-of-way utility work and
fiber-related construction services, with permit records tied to
telecommunications infrastructure projects in Texas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-31941) on May 3,
2026, with $1 million to $10 million in assets and liabilities.
Martin Derrick Norwood Jr., president, signed the petition.

Judge Scott W. Everett presides over the case.

Steven E. Wallace, Esq., at Wallace Law, PLLC represents the Debtor
as bankruptcy counsel.


FORTUNA STONEWORKS: 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 Fortuna Stoneworks, 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 Fortuna Stoneworks LLC

Fortuna Stoneworks, LLC is a stone fabrication and installation
company serving East Tennessee, North Alabama, and North Georgia.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40736) on May 4, 2026.
In the petition signed by Partha Chakraborty, manager, the Debtor
disclosed up to $10 million in both assets and liabilities.

Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC,
represents the Debtor as legal counsel.


FREE SPEECH: Alex Jones Seeks Right to Compete With The Onion
-------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Alex Jones defended his
right to launch a new media operation in a Texas court filing,
arguing that he did not divert assets from Infowars and can legally
compete with The Onion's planned use of the brand.

The filing asked a Texas appeals court to leave in place an order
blocking The Onion from moving forward with a licensing arrangement
involving the intellectual property of Free Speech Systems LLC. The
company’s assets are currently overseen by a court-appointed
receiver.

Jones said he vacated the Infowars studio in Austin in late April
and maintained that his proposed replacement platform would not
improperly use estate assets controlled through the bankruptcy
process. He argued that viewers seeking alternatives to The
Onion’s satirical approach should be free to follow his new
venture.

The litigation is tied to bankruptcy proceedings stemming from
massive judgments awarded to families of Sandy Hook victims, who
accused Jones of spreading false conspiracy theories about the
school shooting. Creditors continue to battle over the value and
control of Infowars-related intellectual property, Bloomberg
reports.

            About Free Speech Systems

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

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

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

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

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


FRESHREALM INC: Court Stays Jam Stand Lawsuit Due to Bankruptcy
---------------------------------------------------------------
Judge Jeannette A. Vargas of the U.S. District Court for the
Southern District of New York entered an order staying the case
captioned as THE JAM STAND, LLC, Plaintiff, -v- FRESHREALM, INC.,
Defendant, Case No. 26-cv-03376-JAV (S.D.N.Y.) pursuant to Section
362(a) of the Bankruptcy Code.

In view of the automatic stay imposed by section 362, this action
is administratively closed subject to the right of either party to
reopen within 21 days of the conclusion of bankruptcy proceedings,
or the lifting or modification of the automatic stay as applied to
this action.

                     About FreshRealm Inc.

FreshRealm, Inc operate a food development, manufacturing and
fulfillment business founded in 2013 and spun off as independent
companies in 2021.  The company's principal assets and place of
business are located in Linden, New Jersey, with additional
operating facilities primarily in Lancaster, Texas, and Tracy,
California. FreshRealm provides meal kit and prepared meal
manufacturing, fulfillment, packing, and shipping services for
direct-to-consumer, grocery, performance, lifestyle, and medically
focused channels. Its customers include Blue Apron, LLC and MMM
Consumer Brands, Inc., known as Marley Spoon.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-14656) on  April
27, 2026. In the petition signed by Bryan Fleming, chief financial
officer, the Debtor disclosed up to $500 million in both assets and
liabilities.

Judge Mark Edward Hall oversees the case.

The Debtors tapped COLE SCHOTZ P.C. As restructuring and bankruptcy
counsel, Alvarez and Marsal North America, LLC as financial
restructuring adviser, Rothschild and Co., as investment banker,
and Kroll Restructuring Administration LLC as notice, claims,
solicitation, balloting and administrative agent.


GALAXY TREE: Seeks to Hire TBerry LLC as Financial Advisor
----------------------------------------------------------
Galaxy Tree Service, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Michigan to hire Tammy Berry of
TBerry, LLC as financial advisor.

The firm will render these services:

     a. bring the Debtor's financial books and records current from
approximately year-end 2025 through the present;

     b. prepare Monthly Operating Reports (MORs) as required by the
United States Trustee, prepared in accordance with UST guidelines
(typically on a cash basis with reconciliation to accrual where
applicable);

     c. provide cash flow analysis and projections in support of
the Plan of Reorganization;

     d. review and analysis of the Debtor's books, records, and
financial statements for accuracy and completeness;

     e. review of filed Schedules and Statement of Financial
Affairs; identify items requiring amendment;

     f. analyze creditor claims, including priority, secured, and
unsecured claims;

     g. provide forensic review of financial transactions as
warranted;

     h. provide financial modeling in support of Plan feasibility;

     i. prepare financial projections and supporting analysis for
the Disclosure Statement;

     j. coordinate with the Debtor's payroll provider (Trion) and
any incoming bookkeeper or CPA;

     k. assist with United States Trustee reporting and compliance
requirements;

     l. consult with counsel regarding financial aspects of the
case.

     m. response to information requests from any appointed
creditors' committee and its professionals; and

     o. provide expert testimony, if required.

The firm shall receive a post-retainer in the amount of $2,500.

TBerry, LLC is a "disinterested person," as that term is defined 11
U.S.C. Sec. 101(14) and does not hold or represent an interest
adverse to Debtor's estate, according to court filings.

The firm can be reached through:

     Tammy Berry, CPA
     TBerry, LLC
     Shelby Twp, MI
     Phone: (586) 871-0184
     Email: tammy@tberryllc.com

       About Galaxy Tree Service, LLC

Galaxy Tree Service, LLC, based in Troy, Michigan, provides
professional tree care and removal services for residential and
commercial clients across Southeastern Michigan. The company's
operations include tree trimming and pruning, tree and stump
removal, land and lot clearing, debris cleanup, storm damage
response, and crane-assisted services. It operates as a licensed
and insured arboriculture service provider with a team of certified
professionals.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-42371) on March 6,
2026. In the petition signed by Robert Pachana, CEO, the Debtor
disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Maria L. Oxholm oversees the case.

Edward J. Gudeman, Esq., at GUDEMAN & ASSOCIATES, PC, represents
the Debtor as legal counsel.



GLG INVESTMENTS: Case Summary & Largest Unsecured Creditors
-----------------------------------------------------------
Lead Debtor: GLG Investments, LLC
             1825 Ponce de Leon Blvd, #358
             Coral Gables, FL 33134

Business Description: The Debtors owned and operated a portfolio
of residential real estate properties that generate rental income
and served as their primary assets prior to the receivership
proceedings. A number of the properties participate in the Housing
Choice Voucher Program, under which a public housing authority
pays a portion of tenant rent directly.

Chapter 11 Petition Date: May 13, 2026

Court:               United States Bankruptcy Court
                     Southern District of Florida

Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                    Case No.
     ------                                    --------
     GLG Investments, LLC (Lead Case)          26-16159
     GL3, LLC                                  26-16160
     GL7, LLC                                  26-16163
     GL16, LLC                                 26-16165

Judge:               Hon. Laurel M Isicoff

Debtors'
Bankruptcy
Counsel:             Robert Charbonneau, Esq.
                     AGENTIS PLLC
                     45 Almeria Avenue
                     Coral Gales FL 33134
                     Tel: (305) 722-2002
                     E-mail: rpc@agentislaw.com

Debtors'
Property
Manager &
Leasing
Agents:              BATRA PROPERTY MANAGEMENT, LLC

                         - and -

                     BATRA GROUP, INC

Debtors'
Financial
Advisors &
Accountants:         WES ELAIR, CPA

                         - and -

                     ELAIR ADVISORY & ASSOCIATES

GLG Investments'
Estimated Assets: $100,000 to $500,000

GLG Investments'
Estimated Liabilities: $100,000 to $500,000

GL3, LLC's
Estimated Assets: $10 million to $50 million

GL3, LLC's
Estimated Liabilities: $10 million to $50 million

GL7, LLC's
Estimated Asseets: $1 million to $10 million

GL7, LLC's
Estimated Liabilities: $1 million to $10 million

GL16, LLC's
Estimated Assets: $1 million to $10 million

GL16, LLC's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Jacqueline Calderin as State Court
duly appointed receiver of the Receivership Estate.

Full-text copies of the petitions are available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/TIYCZRI/GLG_Investments_LLC__flsbke-26-16159__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/45ECPQY/GL3_LLC__flsbke-26-16160__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/5EV2GDI/GL7_LLC__flsbke-26-16163__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/DWE7RFQ/GL16_LLC__flsbke-26-16165__0001.0.pdf?mcid=tGE4TAMA

List of GL3, LLC's 17 Unsecured Creditors:

   Entity                         Nature of Claim     Claim Amount

1. Ramon Omar Heredia                Potential          $1,950,000
1000 NW 57 Ct., Ste. 1040            Investor
Miami, FL 33126

2. Maria Soledad Heredia             Potential            $250,000
Av. Wheelwright 1711 #8              Investor
Rosario
Santa Fe, Argentina

3. Carolina Rodriguez dos Santos     Potential            $200,000

3200 Collins Ave., Apt. 73             Money
Miami Beach, FL 33140                 Loaned

4. Carolina Rodriguez dos             Potential           $200,000
Santos                                  Money
3200 Collins Ave., Apt. 73             Loaned
Miami Beach, FL 33140

5. Jesus R. Alvarez Mayorca           Potential           $200,000
and Irene Alvarez Figeiredo           Investor
2012 Harbor View Circle
Weston, FL 33327

6. Jesus R. Alvarez Mayorca           Potential           $200,000
and Irene Alvarez Figeiredo           Investor
2012 Harbor View Circle
Weston, FL 33327

7. Jesus R. Alvarez Mayorca           Potential           $200,000
and Irene Alvarez Figeiredo           Investor
2012 Harbor View Circle
Weston, FL 33327

8. Olga Maria de Lourdes              Potential           $100,000
Riveras de la Pena                    Investor
Calle Viriato 57 lro D
Escalera derecha Codigo
Postal 28010
Madrid, Spain

9. Clerk of Courts, Code                                   $10,510
Enforcement
111 N.W. 1ST Street - Suite 1750
Miami, FL 33128-1981

10. Miami Dade County Tax           2024 Property           $8,341
      
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

11. Miami Dade County Tax           2025 Property           $7,259
  
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

12. Miami Dade County Tax           2024 Property           $5,660
   
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

13. Miami Dade County Tax           2024 Property           $4,979
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

14. Miami Dade County Tax           2024 Property           $4,820
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

15. Miami Dade County Tax           2024 Property           $4,707
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

16. Miami Dade County Tax           2024 Property           $4,134
Collector                               Taxes
Bankruptcy Paralegal Unit
200 N.W. Second Avenue,
Suite 430
Miami, FL 33130-0000

17. Broward County Tax              2024 Property           $3,754
Collector                               Taxes
115 S. Andrews Ave #A100
Fort Lauderdale, FL 33301-000


GLOBAL CONSULTING: Creditor Loses Bid to Dismiss Bankruptcy Case
----------------------------------------------------------------
In the appeal styled Mustapha Boujana, Appellant, v. Global
Consulting, LLC, Appellee, Case No. 6:24-cv-01640-AGM (M.D. Fla.),
Judge Anne Leigh Gaylord Moe of the U.S. District Court for the
Middle District of Florida affirmed the orders entered by the
Bankruptcy Court confirming Global Consulting, LLC's Chapter 11
plan and denying Mustapha Boujana's motion to dismiss the
bankruptcy case.

Global Consulting is a Florida limited liability company that
offers professional consulting services in the areas of geology,
geophysics, and petroleum engineering for exploration projects in
the oil and gas industry. Global did a substantial amount of
business Venezuela and Mr. Boujana worked as an independent
contractor for Global at the Venezuelan company Petroleos de
Venezuela, S.A. After the United States sanctioned PdVSA in
connection with corruption associated with the government of
Nicolas Maduro, PdVSA failed to perform under its agreement with
Global, and Global ceased paying its subcontractors, including Mr.
Boujana. Mr. Boujana sued Global in state court to recover. After a
period of litigation, Global sought bankruptcy protection under
Chapter 11. The state court case was removed and the Bankruptcy
Court determined that Mr. Boujana is an unsecured creditor with an
allowed claim of $358,919.57.

In the Bankruptcy Proceeding, Global filed an initial
reorganization plan, which was subsequently amended. Mr. Boujana
moved to dismiss the Chapter 11 petition for cause, arguing that it
was not filed in good faith. The Bankruptcy Court concluded that
the amended plan did not discriminate unfairly and was fair and
equitable with respect to the unsecured creditor class, such that
it was due to be confirmed as a nonconsensual plan pursuant to 11
U.S.C. Sec. 1191(b). Finally, the Bankruptcy Court denied Mr.
Boujana's Motion to Dismiss. Mr. Boujana moved for reconsideration,
which the Bankruptcy Court denied.

Plan Confirmation

Mr. Boujana takes issue with Bankruptcy Court's confirmation of the
cramdown plan but fails to include the transcript of the
confirmation hearing in the record on appeal. Without a transcript
of the Bankruptcy Court's oral pronouncement of the basis for its
decision, the District Court says it cannot conclude that the
Bankruptcy Court clearly erred with respect to any factual basis
for its decision.

Section 1191(b) permits a bankruptcy court to confirm a plan
notwithstanding the requirements of Sec. 1129(a)(8) and (10) so
long as the plan does not discriminate unfairly and is fair and
equitable to the opposing class, and the Bankruptcy Court made the
necessary findings to confirm Global's reorganization plan. The
District Court finds Mr. Boujana fails to show the Bankruptcy Court
erred in approving Global's reorganization plan.

Motion to Dismiss

Mr. Boujana contends the Bankruptcy Court also erred when it
rejected his argument that the petition was filed in bad faith and
denied his motion to dismiss. According to the District Court, Mr.
Boujana's failure to include a copy of the transcript precludes the
District Court from finding error in the Bankruptcy Court's factual
findings on the Motion to Dismiss or determining that it abused its
discretion in denying the Motion for Reconsideration.

For these reasons, the Bankruptcy Court's orders are affirmed.

A copy of the Court's Opinion dated May 7, 2026, is available at
https://urlcurt.com/u?l=DPZgBL from PacerMonitor.com.

                     About Global Consulting

Global Consulting, LLC is an independent advisory firm in
Windermere, Fla.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00353) on January 25,
2024, with $1 million to $10 million in assets and $500,000 to $1
million in liabilities. Pedro Alfonsi, manager, signed the
petition.

Judge Grace E. Robson oversees the case.

Kenneth D. Herron, Jr., Esq., at Herron Hill Law Group, PLLC
represents the Debtor as bankruptcy counsel.


GLOBAL MEDICAL: Moody's Ups CFR to 'B1', Outlook Stable
-------------------------------------------------------
Moody's Ratings upgraded Global Medical Response, Inc.'s (GMR)
corporate family rating to B1 from B2 and the Probability of
Default Rating to B1-PD from B2-PD, the senior secured first lien
term loan B to B1 from B2 and the senior secured notes to B1 from
B2. The outlook is stable. Previously, the rating was on review for
upgrade. Moody's assigned to GMR a Speculative Grade Liquidity
(SGL) rating of SGL-1. The rating actions conclude the review
commenced on May 04, 2026.

Global Medical Response, Inc. completed its initial public offering
(IPO) on May 13, 2026, pricing approximately 31.9 million shares at
$15 per share, resulting in gross proceeds of approximately $479
million dollars. The gross proceeds could increase to roughly $551
million if the underwriters exercise an option to buy an additional
4.79 million shares within the first 30 days of the IPO. The
company plans to use the proceeds along with some cash on hand to
repay $666 million of indebtedness under its senior secured term
loan facilities.

The ratings upgrade reflects the debt reduction through the IPO,
which will improve the company's key credit metrics and Moody's
expectations that the company will continue to operate at lower
leverage levels going forward. Moody's estimates GMR's leverage
will decline roughly to 4.0x on a pro forma basis. The debt
reduction will benefit the company's liquidity, with lower annual
interest expense and an improved cash balance of $426 million
post-IPO. GMR remains majority owned and controlled by its existing
sponsor KKR, who retains over 50% ownership immediately post-IPO.
Moody's expects KKR's ownership concentration will decline to under
50% over the next 3-4 years.

Governance risk considerations are a key driver of this rating
action, reflecting the company's planned debt repayment,
conservative approach to managing its balance sheet going forward,
as well as operating as a public company with the addition of
independent board members and increased governance transparency.

RATINGS RATIONALE

GMR's B1 CFR benefits from the company's scale as the nation's
largest provider of emergency medical services ("EMS"), delivering
EMS and other essential out-of-hospital care in rural and urban
communities that represent more than 60% of the US population. As
the only national, fully integrated, air and ground EMS provider,
GMR operates in approximately 1,400 counties across the country.
The company benefits from significant diversification by geography,
payor and service lines, as well as growing predictability of
revenues from increasingly in-network commercial payor sources.

The rating is constrained by GMR's exposure to weather fluctuations
in the air medical transport business, labor pressure, and
uncertainty surrounding reimbursement rates which increase
performance volatility. GMR's financial leverage is moderately
high, with gross debt/EBITDA of 4.6x for the LTM December 31, 2025
using Moody's calculations. Pro forma for the transaction, Moody's
expects the company's leverage to decline to, and remain, around
4x.

The stable outlook reflects Moody's expectations that GMR will
sustain solid operating performance and maintain good liquidity.

GMR's SGL-1, Speculative Grade Liquidity Rating, reflects Moody's
expectations that the company will maintain very good liquidity.
Moody's expects free cash flow will be over $200 million in 2026
due in part to interest savings from the IPO.  Post transaction,
the company will have $426 million of cash on balance sheet.
Liquidity is supported by GMR's $800 million asset-based revolving
credit facility that is undrawn, with $692 million of available
borrowing capacity after letters of credit. The ABL facility has a
springing minimum fixed charge coverage covenant, which Moody's do
not expect the company to trigger or violate over the next 12 to 18
months.

The B1 ratings on the senior secured first term loan and senior
secured notes due 2032 are in line with the B1 CFR and reflect the
preponderance of debt in the capital structure. The senior secured
debt has a first lien security pledge on all assets (excluding
financed aircraft), capital stock and intercompany debt of the
borrower and guarantors. An exception to this are the assets
securing the company's ABL facility, on which it has a second lien
pledge. The ABL collateral includes cash, accounts receivables,
inventory, spare parts, among other items.

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

Moody's could upgrade the ratings if GMR demonstrates earnings
growth and margin improvement, while maintaining good liquidity.
Conservative financial policies could also support an upgrade of
the ratings. Quantitatively, debt/EBITDA maintained below 3.0x
could support an upgrade.

Moody's could downgrade the ratings if the company experiences any
operating setbacks, profitability weakens or free cash flow
deteriorates. Moody's could downgrade the ratings if the company
pursues material debt-funded shareholder returns or aggressive M&A.
Quantitatively, debt/EBITDA above 4.5x could lead to a downgrade.

Global Medical Response, Inc. is the nation's largest provider of
emergency medical services ("EMS"), delivering EMS and other
essential out-of-hospital care in rural and urban communities. GMR
has been a portfolio company of sponsor KKR & Co. Inc. and its
subsidiaries (KKR) since 2015. Following the IPO, KKR still owns
over 50% of the company. The company generated about $5.7 billion
of revenue over the last twelve months ended December 31, 2025.

The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.

GMR's B1 rating is two notches below the LTM scorecard-indicated
outcome of Ba2 as Moody's gives more weight to the company's track
record of aggressive financial policies, seasonal performance
volatility, and exposure to fuel costs, reimbursement changes and
inflationary pressures.


GRAPHIC PACKAGING: Moody's Rates $145MM Waste Disposal Bonds 'Ba2'
------------------------------------------------------------------
Moody's Ratings assigned a Ba2 senior unsecured rating to Graphic
Packaging International, LLC's ("Graphic Packaging") $145 million
Solid Waste Disposal Revenue Bonds issued by Mission Economic
Development Corporation, Texas and said the contemplated
transaction does not materially impact the company's credit
profile. As a result, Graphic Packaging's Ba1 Corporate Family
Rating, Ba1-PD Probability of Default Rating and other ratings
remain unchanged. The company's stable outlook also remains
unchanged.

RATINGS RATIONALE

Graphic Packaging's credit profile is supported by the anticipated
resumption of significant free cash flow generation and debt
repayment following the completion of its major greenfield
investment in the CRB mill in Waco, TX. Graphic Packaging benefits
from scale, geographic diversification, and its leading market
position as an integrated paperboard producer in a consolidated
industry. The company primarily serves the stable Food and Beverage
end market, with additional exposure in Foodservice, Household, and
Health & Beauty. Graphic Packaging is the largest North American
producer of coated unbleached kraft (CUK) paperboard and coated
recycled paperboard (CRB), and also produces solid bleached sulfate
(SBS) paperboard.

Graphic Packaging's credit profile is constrained by the mature and
relatively low-growth packaging end market and limited free cash
flow generation during its peak capex cycle period. Credit metrics
have and are expected to deteriorate further over the next few
quarters due to challenged consumer demand and oversupply. Sizable
debt-funded acquisitions, which the company has done in the past,
may temporarily increase leverage. Additionally, volatility in
fiber, chemical, and transportation costs could negatively impact
margins.

The stable ratings outlook incorporates Moody's expectation that
earnings will trough in 2026 before a gradual recovery in 2027;
Moody's adjusted leverage is expected to temporarily breach the
downgrade threshold but the credit is supported by meaningful
anticipated free cash flow generation and debt paydown over the
next 18 to 24 months.

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

For the ratings to be upgraded to the investment grade level, the
company's management would need to publicly commit to maintaining
investment-grade financial policies and achieve an unsecured
capital structure. The company would also need to maintain, on a
Moody's adjusted basis, debt/EBITDA below 3.0x, EBITDA margins
above 16%, and retained cash flow (RCF)/debt above 20%.

The ratings could be downgraded if operating performance and credit
metrics deteriorate such that, on a Moody's adjusted basis,
debt/EBITDA rises above 4.0x and RCF/debt falls below 15% on
sustained basis. The ratings could also be downgraded if the
company undertakes additional debt-financed acquisitions or
shareholder-friendly actions that stress its credit metrics or cash
flow generation.

Headquartered in Atlanta, GA, Graphic Packaging (NYSE: GPK) is one
of North America's leading manufacturers of paper-based consumer
packaging (including CUK, CRB, and SBS) for food, food service,
beverage, and consumer goods. Graphic Packaging operates five
paperboard mills and over 100 converting plants across North
America, Brazil, Europe, Australia, New Zealand and Africa. Graphic
Packaging generated sales of approximately $8.6 billion for the 12
months ended December 31, 2025.

The principal methodology used in this rating was Paper and Forest
Products published in November 2025.


GW REAL ESTATE: Freddie Mac Wants Trigild's Nielson as Receiver
---------------------------------------------------------------
Federal Home Loan Mortgage Corporation filed a motion with the U.S.
District Court for the Eastern District of New York, seeking the
appointment of Trigild IVL's Chris Nielson as receiver for the real
property and improvements located at 113 Richardson Street,
Brooklyn, New York 11211 (Block 2723, Lot 36).

Freddie Mac has initiated a commercial foreclosure case involving a
multi-unit apartment property seeking to, inter alia, foreclose the
commercial mortgage securing the Loan in the principal amount of
$3,867,000 due to GW Real Estate Partners LLC's failure to pay the
indebtedness at the Loan's deferred maturity date.

Freddie Mac was created by Congress to facilitate the nationwide
secondary residential mortgage market. The Housing and Economic
Recovery Act of 2008 (HERA) established the Federal Housing Finance
Agency (FHFA or Conservator) as Freddie Mac's primary regulator. On
September 6, 2008, pursuant to HERA, the Director of FHFA placed
Freddie Mac into conservatorship, where it remains to this day. As
Conservator, FHFA succeeded to all of Freddie Mac's rights, titles,
powers, privileges, and assets. FHFA, as Conservator, is
statutorily empowered to preserve and conserve Freddie Mac's assets
and property, to operate Freddie Mac, to perform all of Freddie
Mac's functions in Freddie Mac's name, and to collect all
obligations and money due to Freddie Mac. Congress also mandated
that "no court may take any action to restrain or affect the
exercise of [FHFA's] powers or functions as a conservator."

Because the Receiver derives its authority from the Court, also
precludes the Receiver from restraining or affecting the
Conservator’s exercise of its statutory powers and functions.
HERA provides that no property of Conservator shall be subject to
levy, attachment, garnishment, foreclosure, or sale without the
consent of Conservator, nor shall any involuntary lien attach to
the property of Conservator. Therefore, federal law prohibits any
action by a third-party that affects Freddie Mac’s interest in
the loan agreement, note or deed of trust owned by Freddie Mac or
under which Freddie Mac is beneficiary.

FHFA has represented to Freddie Mac that FHFA supports the
appointment of a receiver on the terms set forth on the proposed
Order accompanying Freddie Mac's Motion. However, FHFA reserved its
rights as to any other or different terms for the appointment of a
receiver that have not been approved by FHFA in advance.

Freddie Mac is the present holder and owner of the Note and
Mortgage with a first position lien secured against the Property by
virtue of an Assignment of Consolidated Security Instruments dated
March 25, 2020.  Freddie Mac now moves, pursuant to Fed. R. Civ. P.
66, to enforce its contractual right to the appointment of Chris
Nielson of Trigild IVL as receiver to protect the Property from
further waste, preserve its value, and account for and collect the
rents, issues, profits, and revenues generated from the Property.
Freddie Mac cites Borrower's express consent to the immediate
appointment of a receiver upon default, and applicable law
governing receiverships.

Pursuant to the Loan Agreement, dated March 25, 2020, executed by
and between Guarantor, on behalf of Borrower, and CPC Mortgage
Company LLC, the Original Lender made a loan to Borrower in the
principal amount of $3,867,000. The Loan is evidenced by a
Consolidated, Amended and Restated Note, dated March 25, 2020, in
the principal amount of $3,867,000, executed by Borrower, in favor
of the Original Lender. The Note is secured by that certain
Multifamily Mortgage, Assignment of Rents, and Security Agreement
executed by Borrower, in favor of the Original Lender, dated March
25, 2020, and recorded on March 31, 2020, in CRFN 2020000112800,
which formed a single consolidated lien securing the sum of
$3,867,000 against the Property. The Mortgage is not a purchase
money mortgage.

Borrower granted a security interest in and to, among other things,
the building, structures, fixtures, and other improvements now or
hereafter located on the Properties, including, but not limited to,
the Land, Improvements, the Personalty, and all rents and leases,
as well as to such other property subject to the Uniform Commercial
Code (UCC).

To induce the Original Lender to give the Loan to Borrower,
defendant James D. Perrone (Guarantor) executed a Guaranty, dated
March 25, 2020, wherein Guarantor absolutely, irrevocably, and
unconditionally guaranteed to the Original Lender, and its
successors and assigns, the payment and performance of the
Guaranteed Obligations.

Plaintiff is the present owner and holder of the Note and Mortgage
with a first position lien secured against the Property by virtue
of that certain Assignment of Consolidated Security Instruments
executed by the Original Lender to Plaintiff on March 25, 2020, and
recorded in the City Register on March 31, 2020.

By letter agreement dated March 27, 2025, Plaintiff agreed to
refrain from exercising its right to demand full payment of the
Loan during the deferral period. Pursuant to the letter agreement,
the deferral was effective as of April 1, 2025, and expired on June
1, 2025.

Borrower failed to make the payment required on the maturity date
of the Loan on June 1, 2025, so plaintiff is entitled to exercise
all its rights and remedies as set forth under the Loan Documents,
including the right to seek the appointment of a receiver as sought
by this application.

Plaintiff's ability to recover on the Loan is therefore limited to
the Property, which serves as the Loan's only source of collateral.
By ignoring its Rent turnover and other obligations under the Loan
Documents and permitting the Maturity Date Default to remain in
place, Borrower has flouted its contractual obligations under the
Loan Documents to Plaintiff's detriment. Indeed, Plaintiff, as a
secured party, is immediately threatened with substantial pecuniary
loss and injury should Borrower's Assets suffer waste, dissipation,
or a diminution in value, which would affect Plaintiff's ability to
recover the Loan.

Plaintiff's access to the Property, including the Rents -- which
would be accomplished by the appointment of a receiver -- is needed
to prevent irreparable loss and injury to Plaintiff's security
interests in Borrower's Assets.

Trigild is a full-service, fiduciary real estate company
experienced in handling every aspect of receiverships, including
asset management accounting, leasing, tenant relations, and
property services. Since 1988, Trigild has handled more than 2,000
receivership appointments for more than 3,500 real estate and
business assets.

Chris Neilson is a Managing Partner at Trigild and an experienced
court-appointed fiduciary who has served as receiver across the
United States on commercial properties, including apartments,
offices, retail, hotels, malls, and golf courses.  He is an
approved fiduciary in the State of New York. Furthermore, Mr.
Nielson is unaffiliated with Freddie Mac and has no interest in
this case or the Property.

While the decision of whom to appoint ultimately remains in the
Court’s sound discretion, Plaintiff is confident that its
proposed receive would effectively serve the needs of the mortgaged
Property and its tenants.

                 About GW Real Estate Partners LLC

GW Real Estate Partners LLC owns a multi-unit apartment property
located at 113 Richardson Street, Brooklyn, New York 11211 (Block
2723, Lot 36).

GW is facing a foreclosure case captioned as Federal Home Loan
Mortgage Corporation v. GW Real Estate Partners, LLC; James D.
Perrone; New York City Environmental Control Board; Jane Doe; John
Doe, Case No. 1:26-cv-00407 (E.D. N.Y.), before the Hon. Lara K.
Eshkenazi. The case was filed on Jan. 22, 2026.

Attorneys for Federal Home Loan Mortgage Corporation (Freddie
Mac):

Schuyler B. Kraus Esq.
HINSHAW & CULBERTSON LLP
800 Third Avenue, 13th Floor
New York, NY 10022
Tel: (212) 471-6200
Email: skraus@hinshawlaw.com


HARVEST SHERWOOD: Seeks to Tap Mintz Levin Cohn as Special Counsel
------------------------------------------------------------------
Harvest Sherwood Food Distributors, Inc. and its affiliates seek
approval from the U.S. Bankruptcy Court for the Northern District
of Texas to employ Mintz, Levin, Cohn, Ferris, Glovsky and Popeo,
P.C. as special counsel.

The firm will render these services:

     a. Chicken Litigation: Engaged to represent certain of the
Debtors and their affiliates in connection with the Debtors' claims
in In re Broiler Chicken Antitrust Litigation.

        The Debtors agree to pay Mintz Levin a fee equal to twenty
percent (20%) of the gross sum recovered by Mintz Levin on behalf
of the Debtors, respectively, by settlement or judgment, before
deduction of any costs or disbursements

     b. Pork/Beef Litigations: Engaged to represent certain of the
Debtors and their affiliates in connection with the Debtors' claims
in In re Pork Antitrust Litigation and In re Beef Antitrust
Litigation.

        The Debtors agree to pay Mintz Levin a fee equal to
seventeen percent (17%) of the gross sum recovered by Mintz Levin
on behalf of the Debtors, respectively, by settlement or judgment,
before deduction of any costs or disbursements.

     c. Turkey Litigation: Engaged to represent certain of the
Debtors and their affiliates in connection with the Debtors' claims
in In re Turkey Antitrust Litigation.

        The Debtors agree to pay Mintz Levin a fee equal to
twenty-seven and a half percent (27.5%) of the gross sum recovered
by Mintz Levin on behalf of the Debtors, respectively, by
settlement or judgment, before deduction of any costs or
disbursement.

Philip Iovieno, Esq., a partner at employ Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo, P.C., disclosed in a court filing that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Philip J. Iovieno, Esq.
     MINTZ, LEVIN, COHN, FERRIS,
     GLOVSKY AND POPEO, P.C.
     919 Third Avenue,
     New York, NY 10022
     Tel: (212) 935-3000
     Fax: (212) 983-3115
     Email: PIovieno@mintz.com

        About Harvest Sherwood Food Distributors

Harvest Sherwood Food Distributors, Inc. and its affiliates sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.
Tex. Case No. 25-80109) on May 5, 2025, listing up to $10 billion
in assets and up to $1 billion in liabilities.

The Debtors tapped Sidley Austin LLP as counsel and Epiq Corporate
Restructuring, LLC as claims, noticing, and solicitation agent.



HDT HOLDCO: S&P Lowers ICR to 'CCC' on Strained Liquidity
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on HDT Holdco
Inc. to 'CCC' from 'CCC+'. The outlook is negative.

At the same time, S&P lowered its issue-level rating on the senior
secured debt to 'CCC' from 'CCC+', with a recovery rating of '4'
(rounded estimate: 40%).

The negative outlook reflects that there is greater potential that
the company cannot meet its debt commitments and may engage in an
exchange S&P views as distressed.

Near term maturities heighten liquidity risk and the probability of
default. HDT has consistently used its $40 million revolving credit
facility over the past few years to bridge the operating cash flow
shortfalls. The facility will become current in July 2026, with
final maturity a year later. Absent an extension on similar terms,
HDT faces significant liquidity pressure, which could impair its
ability to meet its operational cash needs and service debt.

S&P said, "We project free cash flow burn of $5 million-$10 million
through the end of fiscal 2026 (June 2026). Although conditions are
improving, we expect free cash flow for fiscal 2027 (ending June
2027) to range from a deficit of $5 million to breakeven, as the
company continues to benefit from payment-in-kind (PIK) interest
for a portion of its debt and the ramp up of higher-margin
contracts. As such, we anticipate S&P Global Ratings' adjusted free
operating cash flow (FOCF) to debt of -3.0% to -2.0% in 2026 and
-1% to breakeven in 2027.

"We expect revenue to remain weak in the near term. HDT is
restructuring to prioritize technology-focused offerings that
command higher demand and margins compared to its legacy end
markets, while also adopting leaner operations to enhance
efficiency. Following a revenue decline in fiscal 2025, we
anticipate a further decrease of 1%-3% in fiscal 2026."

However, S&P Global Ratings' adjusted EBITDA margins should expand
as management commits to operating efficiently and higher-margin
contracts ramp up, though improvements may be modest in the near
term. The company has nearly completed a multiyear restructuring,
with a focus on strengthening its robotics capabilities--such as
the Hunter Wolf platform. It is also benefiting from increased
demand for jet and drone ground support, as well as chemical,
biological, radiological, and nuclear (CBRN) protection systems.

Demand for legacy products, including rigid and soft wall
environmental control structures, has weakened over the past 18
months. The successful execution and ramp-up of new contracts for
advanced technology offerings will be critical to HDT's recovery
trajectory.

S&P said, "We expect credit metrics to remain under pressure.
Despite ongoing restructuring efforts to shift toward
technology-focused, higher-margin offerings and improve operating
efficiency, S&P Global Ratings' adjusted EBITDA growth has been
slow, weakening credit metrics. While initiatives have led to
slight gains, we expect them to be insufficient to offset near-term
revenue declines.

"We expect leverage to remain elevated at 13.0x-13.5x through
fiscal 2027 as debt climbs due to PIK interest accumulation. For
the same period, we expect funds from operations (FFO) to debt to
measure 2.5%-3.5% through fiscal 2027.

"The negative outlook reflects our view that liquidity has become
constrained and that the company's upcoming debt maturities,
coupled with its elevated leverage and less-than-adequate
liquidity, may lead to a payment default or distressed debt
restructuring within the next 12 months.

"We could take a negative rating action on HDT if risk of default
increases in the next 12 months. This would most likely occur if
HDT pursues a debt restructuring that we view as distressed or
faces a liquidity shortfall leading to an imminent debt payment
default.

"We could revise the outlook to stable if we expect the company can
refinance its capital structure at like terms. This could occur if
FOCF increases or its private equity sponsor injects capital into
the company."



HEART 2 HEART: Trustee Taps WH Burkley LLP as Special Counsel
-------------------------------------------------------------
Robert L. Johns, Chapter 11 Trustee of Heart 2 Heart Volunteers
Inc., d/b/a Serenity Hills Life Center, seeks approval from the
United States Bankruptcy Court for the Northern District of West
Virginia to hire WH Burkley, LLP as special counsel.

The firm will render these services:

     a. represent the Trustee in litigation to recover funds for
the benefit of the estate;

     b. conduct such discovery and investigations as may be
necessary to support litigation and claim objections; and

     c. provide other such assistance that the Trustee requires on
a day-to-day basis.

The firm will be paid at these rates:

     Attorneys         $210 to $700 per hour
     Paralegals        $165 to $220 per hour

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Kirk B. Burkley, Esq., a partner at WH Burkley, LLP, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Kirk B. Burkley, Esq.
     WH Burkley, LLP
     601 Grant Street, 9th Floor
     Pittsburgh, PA 15219
     Telephone: (412) 456-8100
     Facsimile: (412) 456-8135
     Email: kburkley@bernsteinlaw.com

       About Heart 2 Heart Volunteers Inc.

Heart 2 Heart Volunteers Inc., doing business as Serenity Hills
Life Center, operates three addiction recovery centers and
treatment facilities.

Heart 2 Heart Volunteers sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D.W. Va. Case No. 25-00087) on February
27, 2025. In its petition, the Debtor reported between $1 million
and $10 million in both assets and liabilities.

Judge David L. Bissett oversees the case.

The Debtor is represented by Kirk B. Burkley, Esq., at
Bernstein-Burkley, P.C.

Deborah L. Fish is the patient care ombudsman appointed in the
Debtor's Chapter 11 case.



HERITAGE SALVAGE: Gets Court OK to Use Cash Collateral
------------------------------------------------------
The United States Bankruptcy Court for the Northern District of
California, Santa Rosa Division, entered an order authorizing
Heritage Salvage Inc. to continue using cash collateral in its
Chapter 11 Subchapter V case.

Under the order, the Debtor is authorized to use cash collateral in
accordance with the approved operating budget. The authority to use
cash collateral extends through June 19,  and is subject to the
terms and conditions outlined in the Court's order.

As adequate protection for secured creditors, the Court granted
replacement liens on the Debtor's postpetition assets to the same
extent, validity, and priority as existed on the petition date with
respect to the cash collateral. The order specifies that the extent
and validity of those interests may be determined later in the
bankruptcy case, preserving the parties' rights to litigate those
issues at a future date.

The Court also required the Debtor to make monthly adequate
protection payments to Columbia Bank in the amount of $785.28,
payable by the 15th day of each month.

               About Heritage Salvage Inc.

Heritage Salvage Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-10677) on
October 26, 2025, listing between $100,001 and $500,000 in assets
and liabilities. Mark Sharf, Esq., a practicing attorney in Los
Angeles, serves as Subchapter V trustee.

Judge William J. Lafferty presides over the case.

Gina R. Klump, Esq., at the Law Office of Gina R. Klump represents
the Debtor as bankruptcy counsel.


HERNAN REYES: Court Extends Cash Collateral Access to May 26
------------------------------------------------------------
Hernan Reyes M.D. S.C. received another extension from the U.S.
Bankruptcy Court for the Northern District of Illinois, Eastern
Division, to use the cash collateral of Kapitus Servicing, Inc.

The court order extended the Debtor's authority to use cash
collateral from May 12 to May 26 and authorized the Debtor to use
up to $8,120.74 in cash collateral solely to pay payroll and
payroll-related expenses in accordance with an approved budget,
subject to available funds. The Debtor is prohibited from using
Kapitus' pre-petition collateral during the interim period.

As adequate protection, the Debtor must continue its monthly
payments of $5,500 to Kapitus until a Chapter 11 plan is confirmed.
Payments must be made through ACH transfer, and the creditor is
authorized to debit the Debtor's designated bank account. If an ACH
payment is rejected, the Debtor must pay a $75 fee for each failed
transaction.

In addition, Kapitus will be granted replacement liens on all
post-petition assets with the same priority and validity as its
pre-bankruptcy liens, along with an administrative expense priority
claim to protect against any decline in collateral value resulting
from the use of cash collateral.

The order further required the Debtor to maintain insurance
coverage, preserve collateral, and avoid transferring or disposing
of assets outside the ordinary course of business without court
approval.

The order is available at https://shorturl.at/2eMNQ

The next hearing is set for May 26.

                   About Hernan Reyes M.D. S.C.

Hernan Reyes M.D. S.C. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
25-19154) on December 15, 2025, with $500,001 to $1 million in
assets and $100,001 to $500,000 in liabilities.

Judge Jacqueline P. Cox presides over the case.

Alexander Tynkov, Esq., at Zalutsky & Pinski, Ltd. represents the
Debtor as legal counsel.


HOPS & BARLEY: Michael O'Connor Named Subchapter V Trustee
----------------------------------------------------------
The U.S. Trustee for Region 7 appointed Michael O'Connor as
Subchapter V trustee for Hops & Barley, Inc.

Mr. O'Connor will be paid an hourly fee of $385 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred. The compensation for the support staff working
under his direct supervision is $125 per hour

Mr. O'Connor declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Michael J. O'Connor
     The Spectrum Building
     613 Northwest Loop 410, Ste. 840
     San Antonio, TX 78216
     Telephone: (210) 729-6009
     E-mail: subvtrusteesat@gmail.com

                      About Hops & Barley Inc.

Hops & Barley, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51252) on May 7,
2026, with up to $50,000 in assets and $100,001 to $500,000 in
liabilities.

Judge Aubrey L. Thomas presides over the case.

William R. Davis, Jr., Esq. at Langley & Banack, Inc. represents
the Debtor as legal counsel.


HOUGHTON MIFFLIN: New Mountain Marks $14.2M 1L Loan at 15% Off
--------------------------------------------------------------
New Mountain Finance Corp. has marked its $14,299,000 loan extended
to Houghton Mifflin Harcourt Company to market at $12,162,000 or
85% of the outstanding amount, according to New Mountain's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first lien loan
extended to Houghton Mifflin Harcourt Company. The Loan accrues
interest at a rate of SOFR(M) 5.25% 9.02% per annum. The  Loan
matures on April 2029.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company operates as an education and
learning platform. The Company provides print and electronic
textbook curriculum, learning content, assessment tools, and
services. Houghton Mifflin Harcourt serves customers in the state
of Massachusetts.


HS PURCHASER: New Mountain Marks $24.2M 2L Loan at 33% Off
----------------------------------------------------------
New Mountain Finance Corp has marked its $24,295,000 loan extended
to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at
$16,254,000 or 67% of the outstanding amount, according to New
Mountain Finance's 10-Q for the fiscal year ended March 31, 2026,
filed with the U.S. Securities and Exchange Commission.

New Mountain Finance Corp is a participant in a second term loan
extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. The 2L
Loan accrues interest at a rate of SOFR(Q)* 9.00%/PIK 12.76% per
annum. The 2L Loan matures on May 2029.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About HS Purchaser, LLC / Help/Systems Holdings, Inc.

HS Purchaser, LLC / Help/Systems Holdings, Inc. is a software
company, providing technology solutions and related services in the
information technology sector.



HS PURCHASER: New Mountain Marks $28.2M 2L Loan at 17% Off
----------------------------------------------------------
New Mountain Finance Corp. has marked its $28,104,000 loan extended
to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at
$23,313,000 or 83% of the outstanding amount, according to New
Mountain Finance's 10-Q for the fiscal year ended March 31, 2026,
filed with the U.S. Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a second lien loan
extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. The 2L
Loan accrues interest at a rate of SOFR(Q)* 9.00 %/PIK 12.97 % per
annum. The 2L Loan matures on May 2029.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

               About HS Purchaser, LLC / Help/Systems Holdings,
Inc.

HS Purchaser, LLC / Help/Systems Holdings, Inc. is a software
company that develops and sells enterprise software solutions.


HS PURCHASER: New Mountain Marks $4.5M 2L Loan at 33% Off
---------------------------------------------------------
New Mountain Finance Corp has marked its $4,544,000 loan extended
to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at
$3,040,000 or 67% of the outstanding amount, according to New
Mountain Finance's 10-Q for the fiscal year ended March 31, 2026,
filed with the U.S. Securities and Exchange Commission.

New Mountain Finance Corp is a participant in a second lien loan
extended to HS Purchaser, LLC / Help/Systems Holdings, Inc.. The 2L
Loan accrues interest at a rate of SOFR(Q)* 9.00%/PIK 12.76% per
annum. The 2L Loan matures on May 2029.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About HS Purchaser, LLC / Help/Systems Holdings, Inc.

HS Purchaser, LLC / Help/Systems Holdings, Inc. is a software
company, providing technology solutions and related services in the
information technology sector.



HUDSON RIVER TRADING: $600MM Loan Upsize No Impact on Moody's CFR
-----------------------------------------------------------------
Moody's Ratings said that the Ba2 rating assigned to Hudson River
Trading LLC's (HRT) senior secured first lien term loan B is
unchanged following HRT's proposed loan upsize launched at around
$600 million. The upsize transaction does not affect HRT's Ba2
issuer rating, Ba1 corporate family rating and stable outlook.

HRT's Ba1 CFR and stable outlook reflect its strong performance
since 2022, characterized by consistent and increasing trading
profits across a diverse range of products and strategies. This
strong performance has occurred across different periods of varying
market volatility and volumes, a testament to HRT's broad and
diverse range of trading strategies that profit in a variety of
market environments. Recently improved trading profits have also
led to a stronger funding and liquidity profile.

The Ba1 rating also reflects its inherently high level of
operational and market risk in its activities and from its rapid
global expansion, especially into regions with weaker capital
market conditions and a less certain regulatory landscape than the
firm's core US operations. In Moody's views, HRT's strong
partnership culture and sustained oversight of a highly engaged
leadership team mitigate some of this risk.

The proposed $600 million upsize brings the balance of HRT's senior
secured term loan due March 2030 to around $3.7 billion. HRT plans
to use the incremental proceeds to increase its trading capital and
for general corporate purposes.

HRT's ratings could be upgraded if it: (1) continues to report
strong financial performance across a range of market conditions
while maintaining its risk appetite, risk awareness and risk
management capabilities; and (2) continues to increase its retained
capital relative to its long-term debt and strengthen liquidity
while reducing reliance on key prime brokerage relationships
outside of US equities trading.

HRT's ratings could be downgraded should evidence emerge that HRT's
risk appetite is accelerating at a faster pace than its long-term
capital, liquidity and controls, particularly with respect to its
growth ambitions in regions and markets that have heightened
market, operational and liquidity risks. The ratings could also be
downgraded with evidence that HRT's risk awareness and risk
management capabilities are not operating at a level commensurate
with its evolving risk environment.


I&I DIAMONDS: Carol Fox of GlassRatner Named Subchapter V Trustee
-----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Carol Fox of
GlassRatner as Subchapter V trustee for I&I Diamonds, LLC.

Ms. Fox 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. Fox declared that she is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Carol Fox
     GlassRatner
     200 East Broward Blvd., Suite 1010
     Fort Lauderdale, FL 33301
     Tel: 954.859.5075
     Email: cfox@brileyfin.com  

                       About I&I Diamonds LLC

I&I Diamonds, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16032) on May 8,
2026, with $500,001 to $1 million in assets and $100,001 to
$500,000 in liabilities.

Joe M. Grant, Esq., represents the Debtor as legal counsel.


IMPAC MORTGAGE: Hires Development Specialists as Financial Advisor
------------------------------------------------------------------
Impac Mortgage Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Development Specialists, Inc. as financial advisor.

The firm will render these services:

     a) render financial advice and participate in meetings or
negotiations with stakeholders in connection with the execution of
the Debtors' Plan;

     b) assist the Debtors and counsel with respect to valuation
issues related to the Plan;

     c) attend meetings and assist in communications with parties
in interest and their professionals, including the Debtors' secured
lenders, any official committee(s) appointed pursuant to the
Bankruptcy Code, and the Office of the United States Trustee; and

     d) perform such other tasks as agreed to by the Debtors and
DSI consistent with the role of a professional providing financial
advisory and consulting services and not duplicative of services
provided by other professionals in the Debtors' bankruptcy case.

The firm's standard hourly rates are:

     Eric Held          $675
     Spencer Ferrero    $515
     Henry Pontak       $295

The firm receive an initial retainer in the amount of $110,865.57.

Eric Held, a managing director at Development Specialists, Inc.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:
    
     Eric J. Held
     Development Specialists, Inc.
     One Sansome Street, Suite 1400
     San Francisco, CA 94104
     Tel: (415) 981-2717
     Email: jzagajeski@DSIConsulting.com

       About Impac Mortgage Holdings Inc.

Impac Mortgage Holdings, Inc. is a financial services company
primarily engaged in mortgage lending, servicing, and related real
estate activities in the United States.

Impac Mortgage Holdings, Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10593) on April
26, 2026. In its petition, the Debtor reports estimated assets and
liabilities each ranging from $10 million to $50 million.

The Debtors tapped Dentons US LLP as bankruptcy counsel, Pachulski
Stang Ziehl & Jones LLP as local counsel, and Development
Specialist, Inc. as financial advisor. Kurtzman Carson Consultants,
LLC is the Debtors' claims and noticing agent.



IMPAC MORTGAGE: Hires Pachulski Stang Ziehl & Jones as Co-Counsel
-----------------------------------------------------------------
Impac Mortgage Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Pachulski Stang Ziehl & Jones LLP as co-counsel.

The firm's services include:

     a. preparing schedules of assets and liabilities, statement of
financial affairs, schedules of income and expenditures, lists of
creditors and equity security holders, statements of executory
contracts and unexpired leases, and master mailing list;

     b. preparing, where appropriate, the assumption or rejection
of executory contracts or unexpired leases, post petition financing
arrangements and use of cash collateral, or the sale of assets;

     c. negotiating, preparing, and implementing a plan of
reorganization;

     d. assisting in the preparation of a disclosure statement;

     e. appearing at the meeting of creditors pursuant to section
341(a) of the Bankruptcy Code;

     f. representing the Debtors at hearings in this Court
concerning the Company or the chapter 11 cases;

     g. representing the Debtors in litigation in this Court
related to bankruptcy issues; and

     h. advising the Debtors generally regarding their rights and
responsibilities as debtors in possession under the Bankruptcy Code
and the Bankruptcy Rules.

The current standard hourly rates of PSZ&J are:

     Partners     $1,150 to $2,695
     Counsel      $1,175 to $2,050
     Associates     $725 to $1,350
     Paralegals     $625 to $650

The firm has received payments from the Debtors during the year
prior to the Petition Date in the amount of $130,000.00 in
connection with the preparation of initial documents and the
prepetition representation of the Debtors.

The firm provides the following responses to the questions set
forth in Part D of the Appendix B Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses Filed
under United States Code by Attorneys in Larger Chapter 11 Cases
(the "Revised UST Guidelines"):

   Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Response: No.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

   Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed post-petition, explain the
difference and reasons for the difference.

   Response: PSZ&J did not represent the client in the 12 month
period prepetition.

   Question: Has your client approved your respective budget and
staffing plan, and, if so, for what budget period?

   Response: The Debtor and the firm expect to develop a
prospective budget and staffing plan to comply with the U.S.
Trustee's requests for information and additional disclosures,
recognizing that in the course of these large chapter 11 cases
there may be unforeseeable fees and expenses that will need to be
addressed by the Debtors and PSZ&J.

Pachulski Stang Ziehl & Jones LLP is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code,
according to court filings.

The firm can be reached through:

     Laura Davis Jones, Esq.
     Pachulski Stang Ziehl & Jones
     919 North Market Street, 17th Floor
     Wilmington, DE 19801
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     Email: ljones@pszjlaw.com

       About Impac Mortgage Holdings Inc.

Impac Mortgage Holdings, Inc. is a financial services company
primarily engaged in mortgage lending, servicing, and related real
estate activities in the United States.

Impac Mortgage Holdings, Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10593) on April
26, 2026. In its petition, the Debtor reports estimated assets and
liabilities each ranging from $10 million to $50 million.

The Debtors tapped Dentons US LLP as bankruptcy counsel, Pachulski
Stang Ziehl & Jones LLP as local counsel, and Development
Specialist, Inc. as financial advisor. Kurtzman Carson Consultants,
LLC is the Debtors' claims and noticing agent.



IMPAC MORTGAGE: Hires Verita Global as Administrative Advisor
-------------------------------------------------------------
Impac Mortgage Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Kurtzman Carson Consultants, LLC dba Verita Global as
administrative advisor.

The firm's services include:

     i. assisting with, among other things, the preparation of the
Debtors' schedules of assets and liabilities, schedules of
executory contracts and unexpired leases and statements of
financial affairs;

     ii. assisting with, among other things, solicitation,
balloting, tabulation and calculation of votes, as well as
preparing any appropriate reports required in furtherance of
confirmation of any chapter 11 plan;

     iii. generating an official ballot certification and
testifying, if necessary, in support of the ballot tabulation
results for any chapter 11 plan(s) in the chapter 11 cases;

     iv. generating, providing and assisting with claims
objections, exhibits, claims reconciliation and related matters;
and

     v. providing such other claims processing, noticing,
solicitation, balloting and administrative services described in
the Services Agreement, but not included in the Section 156(c)
Application, as may be requested by the Debtors from time to time.

Verita received a retainer in the amount of $50,000.

Verita represents that it is a "disinterested person," as that term
is defined in section 101(14) of the Bankruptcy Code," and that it
"neither holds nor represents any interest materially adverse to
the Debtors' estates."

The firm can be reached at:

     Evan Gershbein
     Kurtzman Carson Consultants, LLC
     dba Verita Global
     222 N. Pacific Coast Highway, 3rd Floor
     El Segundo, CA 90245
     Telephone: (310) 823-9000

       About Impac Mortgage Holdings Inc.

Impac Mortgage Holdings, Inc. is a financial services company
primarily engaged in mortgage lending, servicing, and related real
estate activities in the United States.

Impac Mortgage Holdings, Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10593) on April
26, 2026. In its petition, the Debtor reports estimated assets and
liabilities each ranging from $10 million to $50 million.

The Debtors tapped Dentons US LLP as bankruptcy counsel, Pachulski
Stang Ziehl & Jones LLP as local counsel, and Development
Specialist, Inc. as financial advisor. Kurtzman Carson Consultants,
LLC is the Debtors' claims and noticing agent.


IMPAC MORTGAGE: Seeks to Hire Dentons US LLP as Bankruptcy Counsel
------------------------------------------------------------------
Impac Mortgage Holdings, Inc. and its affiliates seek approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Dentons US LLP as counsel.

The firm's services include:

     a. providing legal advice with respect to the Debtors' powers
and duties as debtors in possession in the continued operation of
their business and management of their property;

     b. taking necessary action to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of any actions commenced against the
estates, negotiations concerning all litigation in which the
Debtors may be involved, and objections to claims filed against the
estates;

     c. reviewing and preparing on behalf of the Debtors all
documents and agreements as they become necessary and desirable;

     d. reviewing and preparing on behalf of the Debtors all
motions, administrative and procedural applications, answers,
orders, reports, and papers necessary to the administration of the
estates;

     e. advising the Debtors on the execution of any plan, and all
related agreements and/or documents, and taking any necessary
action on behalf of the Debtors to obtain confirmation of such
plan;

     f. reviewing and objecting to claims;

     g. appearing before this Court, any appellate courts, and the
United States Trustee, and protecting the interests of the Debtors'
estates before such courts and the U.S. Trustee; and

     h. performing all other necessary legal services and providing
all other necessary legal advice to the Debtors in connection with
the Chapter 11 Cases.

Dentons' standard hourly rates are:

     Partners, Special Counsels,
     Counsels and Principals         $835 to $1,780
     Associates                      $885 to $1,140
     Professionals/Paralegals        $555 to $840

The firm received a prepetition advance payment retainer in the
amount of $1,236,065.68.

The firm provides the following responses to the questions set
forth in Part D of the Appendix B Guidelines for Reviewing
Applications for Compensation and Reimbursement of Expenses Filed
under United States Code by Attorneys in Larger Chapter 11 Cases
(the "Revised UST Guidelines"):

   Question: Did you agree to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement?

   Response: No.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

   Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed post-petition, explain the
difference and reasons for the difference.

   Response: Dentons US represented the client during the
twelve-month period prepetition. The material financial terms for
the prepetition engagement remained the same as the engagement was
hourly-based subject to economic adjustment.

   Question: Has your client approved your respective budget and
staffing plan, and, if so, for what budget period?

   Response: The Debtors and Dentons US expect to develop a
prospective budget and staffing plan to comply with the U.S.
Trustee's requests for information and additional disclosures,
recognizing that in the course of these large Chapter 11 Cases,
there may be unforeseeable fees and expenses that will need to be
addressed by the Debtors and Dentons US.

Tania M. Moyron, a partner of Dentons US LLP, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Tania M. Moyron, Esq.
     Dentons US LLP
     601 S. Figueroa Street, Suite 2500
     Los Angeles, CA 90017-5704
     Tel: (213) 623-9300
     Fax: (213) 623-9924
     Email: tania.moyron@dentons.com

       About Impac Mortgage Holdings Inc.

Impac Mortgage Holdings, Inc. is a financial services company
primarily engaged in mortgage lending, servicing, and related real
estate activities in the United States.

Impac Mortgage Holdings, Inc. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10593) on April
26, 2026. In its petition, the Debtor reports estimated assets and
liabilities each ranging from $10 million to $50 million.

The Debtors tapped Dentons US LLP as bankruptcy counsel, Pachulski
Stang Ziehl & Jones LLP as local counsel, and Development
Specialist, Inc. as financial advisor. Kurtzman Carson Consultants,
LLC is the Debtors' claims and noticing agent.



INSPIRED HEALTHCARE: Hires Reid Collins & Tsai as Special Counsel
-----------------------------------------------------------------
Inspired Healthcare Capital Holdings, LLC and affiliates filed an
amended application seeking approval from the U.S. Bankruptcy Court
for the Northern District of Texas to employ Reid Collins & Tsai
LLP as special litigation counsel.

The firm's services include:

     (a) representing the Debtors in connection with the
investigation into prepetition causes of action;

     (b) conducting investigations and analyses sufficient to
advise the Debtors regarding the same;

     (c) rendering services to the Debtors including, but not
limited to, fact investigation, legal research, briefing, argument,
discovery, negotiation, litigation, participating in meetings with
the Debtors, the Debtors' advisors, the Debtors' management and
board of directors, the Committee, the Committee's advisors,
appearing and participating in hearings and status conferences and
communicating and attending meetings with parties in interest, in
each case, as it relates to the prepetition causes of action; and

     (d) performing all other necessary or requested litigation
services in connection with the investigation and pursuit of
prepetition causes of action.

The firm's current hourly rates are:

     Partners           $1,500 to $2,850
     Associates         $1,100 to $1,350
     Paralegals           $375 to $425

The following is provided in response to the request for additional
information set forth in Section D.1 of the Revised UST
Guidelines.

     (a) RCT did not agree to any variations from, or alternatives
to, its standard or customary billing arrangements for this
engagement. The terms set forth herein are consistent with (i)
terms for comparable services and (ii) the fees and percentages
that RCT charges and will charge other comparable chapter 11
clients who engage RCT on a flat fee and percentage basis,
regardless of the location of the chapter 11 case;

     (b) No terms included in this engagement vary based on the
geographic location of the bankruptcy case.

     (c) RCT did not represent the Debtors in these Chapter 11
Cases prior to its retention by the Debtors.

     (d) Since RCT's role is limited to special litigation counsel,
RCT will periodically update the Debtors on costs to reasonably
comply with the U.S. Trustee's request for information and
additional disclosures, as to which RCT reserves all rights.

     (e) The Debtors have approved RCT's proposed terms of
compensation.

Eric Madden, a partner of the law firm of Reid Collins & Tsai LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Eric D. Madden, Esq.
     Reid Collins & Tsai LLP
     1601 Elm Street, Suite 4200
     Dallas, TX 75201

     About Inspired Healthcare Capital Holdings, LLC

Inspired Healthcare Capital Holdings, LLC, owns senior living
communities across the U.S. that provide independent living,
assisted living, and memory care services. It operates in the
senior housing and healthcare real estate sector, with day-to-day
community operations managed by third-party operators under
management agreements while the Company retains control over
non-community business functions.

Inspired Healthcare Capital Holdings sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case
No. 26-90004) on Feb. 2, 2026.  In the petition signed by M.
Benjamin Jones, chief restructuring officer, Inspired Healthcare
Capital Holdings reported between $1 billion and $10 billion in
both assets and liabilities.

Judge Mark X Mullin oversees the cases.

The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy
counsel; Ankura Consulting Group, LLC as financial advisor; Raymond
James & Associates, Inc. as investment banker; and Epiq Corporate
Restructuring, LLC as claims, noticing, and solicitation agent.


INSPIREMD INC: Net Loss Widens to $13.7 Million in Q1 2026
----------------------------------------------------------
InspireMD, Inc. has filed its Quarterly Report on Form 10-Q with
the U.S. Securities and Exchange Commission, reporting a net loss
of $13.7 million for the three months ended March 31, 2026,
compared to a net loss of $11.2 million for the same period in the
prior year. Revenues for the three months ended March 31, 2026 were
$3.4 million, compared to $1.5 million in the prior-year period.

Liquidity and Going Concern

The Company had an accumulated deficit as of March 31, 2026, of
$316 million, as well as a net loss of $13.7 million for the three
months ended March 31, 2026 and negative operating cash flows. The
Company expects to continue incurring losses and negative cash
flows from operations until it expands its commercial revenue to a
scale that funds its commercial resources, development activities
and support functions. As a result of these expected losses and
negative cash flows from operations, along with its current cash
position, the Company believes it does not have sufficient
resources to fund operations for at least the next 12 months.
Therefore, there is substantial doubt about the Company's ability
to continue as a going concern.

The Company's plans include continued commercialization of its
products and raising capital through sale of additional equity
securities, debt or capital inflows from strategic partnerships and
exercise of warrants. There are no assurances, however, that the
Company will be successful in obtaining the level of financing
needed for its operations. If the Company is unsuccessful in
commercializing its products or raising capital, it may need to
reduce activities, curtail or cease operations.

In May 2023, the Company closed a private placement offering that
resulted in aggregate gross proceeds of approximately $42.2
million, before deducting fees payable to the placement agent and
other offering expenses payable by the Company, pursuant to which
the Company issued and sold 10,266,270 shares of its common stock,
pre-funded warrants to purchase up to 15,561,894 shares of common
stock and warrants to purchase up to an aggregate of 51,656,328
shares of common stock, consisting of Series H warrants to purchase
up to 12,914,086 shares of common stock, Series I warrants to
purchase up to 12,914,078 shares of common stock, Series J warrants
to purchase up to 12,914,086 shares of Common Stock and Series K
warrants to purchase up to 12,914,078 shares of common stock, at an
offering price of $1.6327 per Private Placement Share and
associated May 2023 Warrants and an offering price of $1.6326 per
pre-funded warrant and associated May 2023 Warrants. If the May
2023 Warrants are exercised in cash in full this would result in an
additional $71.4 million of gross proceeds (of which approximately
$33.8 million has been received as of the date of this Quarterly
Report on Form 10-Q). There can be no assurance that the Company
will achieve any of the remaining milestones set forth in the May
2023 Warrants or that the outstanding May 2023 Warrants will be
exercised in cash in full.

Following the announcement of the one-year follow-up study results
from the Company's C-GUARDIANS trial, the Series H Warrants were
exercised in full into 292,996 shares of common stock and
pre-funded warrants to purchase 12,621,090 shares of common stock.
The net proceeds from the exercise of the Series H Warrants were
$16.9 million after deducting placement agent fees.

Following the announcement of the PMA approval of the CGuard Prime
carotid stent system in the United States, the Series I warrants
were exercised in full into 2,352,393 shares of common stock and
pre-funded warrants to purchase 10,561,685 shares of common stock
during June and July 2025. The net proceeds from the exercise of
the Series I Warrants were $16.9 million after deducting placement
agent fees.

In May 2024, the Company entered into an Equity Distribution
Agreement with Piper Sandler & Co., as sales agent. Pursuant to the
2024 Distribution Agreement, the Company was able to offer and sell
from time to time, at its option, through or to Piper Sandler
shares of its common stock having an aggregate offering price of up
to $75 million. The Company paid Piper Sandler a commission at a
fixed rate of 3.0% of the aggregate gross proceeds from each sale
of the shares under the 2024 Distribution Agreement. On April 3,
2026, the Company terminated the 2024 Distribution Agreement in
connection with its entry into the 2026 Distribution Agreement with
BTIG. During the first quarter of 2026, the Company did not sell
any shares pursuant to the 2024 Distribution Agreement.

In August 2025, the Company closed the private placement offering
that resulted in aggregate gross proceeds of approximately $40.1
million, before deducting fees payable to the placement agent and
other offering expenses payable by the Company.

In April 2026, the Company entered into an Equity Distribution
Agreement with BTIG, LLC, as sales agent. Pursuant to the 2026
Distribution Agreement, the Company may offer and sell from time to
time, at its option, through or to BTIG shares of its common stock
having an aggregate offering price of up to $75 million. The
Company will pay BTIG a commission at a fixed rate of up to 3.0% of
the aggregate gross proceeds from each sale of the shares under the
2026 Distribution Agreement. As of the date hereof, the Company has
not sold any shares pursuant to the 2026 Distribution Agreement.

Three Months Ended March 31, 2026, Compared to the Three Months
Ended March 31, 2025

As of March 31, 2026, the Company had cash and cash equivalents of
$11,362,000 and marketable securities of $30,208,000, as compared
to cash and cash equivalents of $8,939,000 and marketable
securities of $45,272,000 as of December 31, 2025. The Company has
historically met its cash needs through a combination of issuing
new shares, borrowing activities and product sales. The Company's
cash requirements are generally for research and development,
marketing and sales activities, finance and administrative costs,
capital expenditures and general working capital.

For the three months ended March 31, 2026, net cash used in
operating activities increased by $3,545,000, or 40.3%, to
$12,337,000, from $8,792,000 during the same period in 2025. The
primary reasons for the increase in cash used in operating
activities were an increase of $5,038,000 in compensation costs
paid during the three months ended March 31, 2026 (from $6,132,000
in the three months ended March 31, 2025 to $11,170,000 in the
three months ended March 31, 2026) offset by an increase of
$1,561,000 in payments received from customers during the three
months ended March 31, 2026 (from $1,555,000 in the three months
ended March 31, 2025 to $3,116,000 during the three months ended
March 31, 2026).

Cash provided by investing activities was $14,779,000 during the
three months ended March 31, 2026, compared to $1,702,000 during
the three months ended March 31, 2025. The primary reason for the
increase in cash provided by investing activities is withdrawal of
$15,000,000 from the Company's investment in marketable
securities.

There was no cash provided by financing activities for the three
months ended March 31, 2026. Cash provided by financing activities
for the three months ended March 31, 2025, was $506,000. The source
of the cash provided by financing activities during the three
months ended March 31, 2025, were the proceeds from issuance of
shares of $506,000, net of issuance costs, received from the 2024
Distribution Agreement.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/mu6ahxfv

                          About InspireMD

Headquartered in Tel Aviv, Israel, InspireMD, Inc. --
http://www.inspiremd.com/-- is a medical device company focusing
on the development and commercialization of its proprietary
MicroNet stent platform technology for the treatment of complex
vascular and coronary disease. A stent is an expandable
"scaffold-like" device, usually constructed of a metallic material,
that is inserted into an artery to expand the inside passage and
improve blood flow. Its MicroNet, a micron mesh sleeve, is wrapped
over a stent to provide embolic protection in stenting procedures.

Tel-Aviv, Israel-based Kesselman & Kesselman, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 18, 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
outflows from operating activities that raise substantial doubt
about its ability to continue as a going concern.

As of March 31, 2026, the Company had $56.5 million in total
assets, $12.9 million in total liabilities, and $43.6 million in
total equity.


INTERNATIONAL UNION: Seeks to Hire Compass CPAs as Accountant
-------------------------------------------------------------
International Union of Police Associations Local 6020 seeks
approval from the U.S. Bankruptcy Court for the Southern District
of Florida to hire Steven M. Samuels, CPA and Compass CPAs &
Advisors, LLC as accountant.

The firm will prepare the Debtor's tax returns and monthly
operating reports.

As compensation for services to be rendered, the accountant shall
be paid as follows:

     (a) accounting and bookkeeping services at an estimated fee of
$1,000.00 per quarter (equivalent to $333 per month);

     (b) preparation of Form 1099s at an estimated fee of $500;

     (c) preparation of the Debtor's income tax returns at an
estimated fee of $2,500; and

     (d) preparation of the Debtor's Chapter 11 monthly operating
reports, as well as any litigation or forensic accounting services,
at an hourly rate of $350.

Mr. Samuels disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Steven M. Samuels, CPA
     Compass CPAs & Advisors, LLC
     347 N New River Dr E, Ste PH6
     Fort Lauderdale, FL 33301
     Tel:  (954) 882-8563

         About International Union of
        Police Associations Local 6020

International Union of Police Associations Local 6020 filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Case No. 26-14757) on April 16, 2026,
listing $50,001 to $100,000 in assets and $500,001 to $1 million in
liabilities.

Chad T Van Horn, Esq. serves as the Debtor's counsel.


INVATECH PHARMA: Seeks to Hire Whitman as Environmental Specialist
------------------------------------------------------------------
InvaTech Pharma Solutions, LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire Whitman as
environmental specialists.

The Debtor requires an environmental specialist to comply with
NJDEP requirements for site remediation.

The estimated cost to complete the project is $9,300.

Whitman will be paid as follows:

     CEO/President               $475 per hour
     Principal                   $400 per hour
     Senior Vice President       $395 per hour
     Vice President              $295 per hour
     LSRP/CIH                    $265 per hour
     Director                    $245 per hour
     Senior Project Manager      $210 per hour
     Project Manager             $185 per hour
     Associate Project Manager   $170 per hour
     CAD /GIS Specialist         $160 per hour
     Senior Scientist            $155 per hour
     Project Scientist           $145 per hour
     Staff Scientist             $125 per hour
     Office Manager              $135 per hour
     Administrative Assistant     $95 per hour

     Asbestos and Lead Services Manager     $160 per hour
     HazMat Supervisor                      $105 per hour
     Asbestos Safety Technician (AST) /
     Lead Building Inspector                $100 per hour
     Asbestos Building Inspector             $90 per hour
     Field Technician                        $85 per hour

Jay Tracy, a specialist at Whitman, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

The firm can be reached through:

     Jay Tracy, LSRP
     Whitman
     100 Franklin Square Drive, Suite 200
     Somerset, NJ 08873
     Tel: (732) 390-5858
     Fax: (732) 390-9496

       About InvaTech Pharma Solutions LLC

InvaTech Pharma Solutions LLC, doing business as Inva Tech Pharma
Solutions LLC and Inva-Tech Pharma Solutions LLC, is a specialty
pharmaceutical company that develops, manufactures, and markets
generic prescription products. The Company's cGMP-compliant
facility supports ANDA scale manufacturing and packaging of
tablets, capsules, and liquid in bottles. With a dedicated team,
InvaTech is committed to meeting industry regulations, exceeding
deadlines, and delivering exceptional service to its partners.

InvaTech Pharma Solutions LLC sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-11482) on February
13, 2025. In its petition, the Debtor reports estimated assets
between $1 billion and $10 billion and estimated liabilities
between $10 million and $50 million.

The Debtor is represented by Daniel M. Stolz, Esq. at GENOVA BURNS
LLC.


IPA ASSET: R. Kenneth Barnard's Appointment as Trustee OK'd
-----------------------------------------------------------
Judge Sheryl Giugliano of the U.S. Bankruptcy Court for the Eastern
District of New York approved the appointment of R. Kenneth
Barnard, Esq., as Chapter 11 trustee for IPA Asset Management, LLC.


Mr. Barnard was appointed on May 11 by the U.S. Trustee for Region
2, the Justice Department's bankruptcy watchdog overseeing IPA's
Chapter 11 case. The appointment was made pursuant to the order
from the bankruptcy court on April 30.

Pursuant to Bankruptcy Code section 1104(d), the U.S. Trustee
consulted with the following parties in interest concerning the
selection of a Chapter 11 trustee: Kevin Nash, Esq., Goldberg
Weprin Finkel Goldstein LLP, counsel for the Debtor; Gary Fischoff,
Esq., BFSNG Law Group, LLP, counsel for Brian Schuman, Scott J.
Kreppein, Esq., Devitt Spellman Barrett LLP. counsel for Marie
Holdings, Inc.; William Heuer, Esq., Westerman Ball Ederer Miller
Zucker & Sharfstein, LLC, counsel for MangoTree Real Estate
Holding, L.P., and Opportunity Zone RE 2019 LLC.

Mr. Barnard declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

                  About IPA Asset Management LLC

IPA Asset Management, LLC is a real estate holding company that
owns four residential properties in Suffolk County, New York. It is
affiliated with 31FO LLC, which owns property at 31 Fort Hill in
Lloyd Harbor, NY.

IPA Asset Management sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-43102) on June 27,
2025, with between $1 million and $10 million in both assets and
liabilities.

The Debtors is represented by Kevin Nash, Esq., at Goldberg Weprin
Finkel Goldstein, LLP.


JASON MOWATT: Can Proceed Under Subchapter V
--------------------------------------------
Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California overruled the objection of Dela Yador to
Jason Mowatt's election to proceed under Subchapter V of Chapter
11, allowing the Debtor to proceed under Subchapter V.

On March 11, 2025, in litigation pending in the District Court for
the Eastern District of New York, Yador obtained a jury verdict in
his favor and against the Debtor, in the amount of $1,981,828.  The
District Court entered Judgment on Sept. 16, 2025.

The Debtor scheduled Yador's claim in the amount of $1,981,828.
Yador asserts that New York law provides that he is automatically
entitled to pre- and post-judgment interest, and that as a result,
the Debtor should have scheduled his claim in an amount of no less
than $3,584,318.82. If Yador is correct, the Debtor would not be
eligible to proceed under Subchapter V of Chapter 11, which is
available only to debtors who have "aggregate noncontingent
liquidated secured and unsecured debts" that are less than
$3,424,000. The Debtor's position is that the District Court has
discretion as to whether to award pre- and postjudgment interest,
and that accordingly it was appropriate for him to schedule the
Creditor's claim at only $1,981,828.00, the amount of the
Judgment.

The Bankruptcy Court determines that the Debtor's decision to
schedule the Creditor's claim at the amount of the Judgment --
$1,981,828.00 -- was not inappropriate and that accordingly the
Debtor is eligible to proceed under Subchapter V.

A copy of the Court's Memorandum Decision dated May 11, 2026, is
available at https://urlcurt.com/u?l=YE0w30 from PacerMonitor.com.

Jason Mowatt filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Calif. Case No. 26-10379) on January 15, 2026, listing under
$1 million in both assets and liabilities. The Debtor is
represented by David Shemano, Esq.


JELD-WEN HOLDING: S&P Downgrades ICR to 'CCC+', Outlook Negative
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on JELD-WEN
Holding Inc. to 'CCC+' from 'B-', its issue-level rating on its
senior secured debt to 'B' from 'B+', and its issue-level rating on
its senior unsecured debt to 'CCC' from 'CCC+'.

The negative outlook reflects S&P's expectation that the company's
S&P Global Ratings-adjusted debt to EBITDA will remain above 10x
through 2026 as subdued demand for new construction and R&R
activity continues to impair its credit metrics and refinancing
risk increases as the company's December 2027 notes approach
current status.

JELD-WEN's sales and cash flow remain pressured by persistently low
new construction rates and remodel and repair (R&R) activity.

This weak demand caused the company's S&P Global Ratings-adjusted
debt to EBITDA to rise to about 15x on a rolling-12-month (RTM)
basis as of March 28, 2026, from nearly 9x during the same period
the previous year.

JELD-WEN faces an approaching maturity of its $400 million senior
unsecured notes in December 2027.

S&P said, "We expect JELD-WEN's credit metrics will remain elevated
above 10x for the next 12 months.This is because it faces continued
soft revenue and EBITDA generation amid ongoing end-market
weakness. JELD-WEN's revenue decreased about 6.9% during the first
three months of fiscal year 2026 (ended March 28, 2026), relative
to the same period in fiscal year 2025, due to declining sales
volumes amid persistently weak activity in the R&R and new housing
construction markets.

"For the RTM ended March 28, 2026, the company's S&P Global
Ratings-adjusted leverage and EBITDA interest coverage stood at
15.4x and 1.1x compared with 8.6x and 1.8x, respectively, during
the same period in March 2025. We expect the continued softness in
R&R activity, as well as nonresidential and new housing
construction, will persist over the next 12 months.

"The negative outlook reflects JELD-WEN's increased refinancing
risk. We currently assess its liquidity as less than adequate and
forecast it has sufficient cash on hand and $259.6 million
revolving credit capacity as of March 2026 to meets its short-term
liquidity needs. However, we note the company faces a $400 million
upcoming maturity of its unsecured notes due December 2027.
Therefore, a failure to proactively address a refinancing before
the notes become current in December 2026 could lead us to revise
our assessment of JELD-WEN's liquidity and potentially lower our
rating.

"We expect JELD-WEN will generate negative free operating cash flow
(FOCF) over the next 12 months. It had an FOCF to debt deficit of
6.2% on an RTM basis as of March 2026, an improvement from the 8.2%
deficit during the same period in March 2025. Over the next 12
months, we expect the company's FOCF to debt will remain negative
as its weak top-line expansion resulting from lower volume and mix
realization continues to pressure its EBITDA margin.

"The negative outlook on JELD-WEN reflects our expectation that its
leverage will remain above 10x due to subdued demand in the new
residential construction and R&R markets."

S&P could lower the rating on JELD-WEN in the next 12 months if:

-- Liquidity weakens, driven by FOCF deficits or reduced access to
its revolving credit facilities;

-- The company is unable to refinance its December 2027 unsecured
notes before they are current;

-- It completes a default or distressed exchange that S&P deems
tantamount to a default in the next 12 months; or

-- The company breaches any of its financial covenants.

S&P could revise its outlook to stable over the next 12 months if
JELD-WEN:

-- Materially improves operating performance such that EBITDA and
earnings improve, sustains leverage below 10x, and maintains EBITDA
interest coverage of more than 1x;

-- Maintains adequate liquidity and a sufficient cushion relative
to its financial covenants; and

-- Refinances its December 2027 debt maturity.



JJ STUCKEY: Kathleen O'Malley Named Subchapter V Trustee
--------------------------------------------------------
Brian Behr, the U.S. Bankruptcy Administrator for the Eastern
District of North Carolina, appointed Kathleen O'Malley as
Subchapter V trustee for JJ Stuckey & Partners LLC.

Ms. O'Malley will be paid an hourly fee of $375 for her services.

Ms. O'Malley disclosed in a court filing that she does not have an
interest materially adverse to McGeachy Holding's estate, creditors
and equity security holders.

                  About JJ Stuckey & Partners LLC

JJ Stuckey & Partners, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02110) on
May 8, 2026, with $50,001 to $100,000 in assets and $1 million to
$10 million in liabilities.

Judge Joseph N. Callaway presides over the case.

George M. Oliver, Esq., at The Law Offices of George Oliver, PLLC
represents the Debtor as bankruptcy counsel.


JMJ FILMS: U.S. Trustee Seeks Chapter 11 Trustee Appointment
------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, asked the
U.S. Bankruptcy Court for the Southern District of New York to
appoint a Chapter 11 trustee in JMJ Films, Inc.'s bankruptcy case.

In a court filing, the U.S. trustee raised the need to appoint an
independent trustee to manage the case, saying he takes no position
on the pending motion of judgment creditor Gregory Holcombe ("Mr.
Holcombe") to dismiss this case (the "Motion to Dismiss"), which is
scheduled for an evidentiary hearing on May 19.

The U.S. trustee stated that he does not take a position on the
Motion to Dismiss to the extent that Mr. Holcombe seeks dismissal
of the Debtor's case. If, however, the Court declines to dismiss
the case, then the U.S. Trustee requests that the Court appoint a
chapter 11 trustee pursuant to section 1104(a)(1) or (2) because to
do so would be in the best interest of creditors.

The U.S. trustee contended that contrary to Mr. Holcombe's request,
the Receiver should not be excused from complying with subsections
(a) and (b) of section 543. The Bankruptcy Code provides that a
receiver of property of the debtor is a "custodian." A custodian is
further directed to deliver the debtor's property to the bankruptcy
trustee, and then file an accounting of the property, proceeds,
products, rents, or profits.

Mr. Harrington argued that although section 543(d) provides that
the bankruptcy court may excuse the custodian from the above
mentioned requirements if doing so better serves the interests of
creditors, there is no requirement for a custodian to file monthly
operating reports, provide the Debtor with a financial accounting,
provide the Debtor with access to bank accounts pertaining to the
management and preservation of its assets, and so forth.

The U.S. trustee further argued that allowing the Receiver to
continue his possession of the debtor's property once a chapter 11
petition is filed creates an unworkable and untenable "hybrid"
situation. In lieu of a debtor-in-possession exercising a myriad of
fiduciary responsibilities in a chapter 11 proceeding, the Debtor
would have no responsibility with respect to the control and
management of the debtor's primary asset, in this case, the
intellectual property. This flawed arrangement is not supported by
the Bankruptcy Code and should not be permitted to continue.

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

       About JMJ Films, Inc.

JMJ Films, Inc. sought protection for relief under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10541) on March
13, 2026, listing up to $50,000 in both assets and liabilities.

Judge Lisa G Beckerman presides over the case.

Mark E. Cohen, Esq. serves as the Debtor's counsel.


JOHN FITZGIBBON: Seeks to Hire Spencer Fane LLP as Legal Counsel
----------------------------------------------------------------
John Fitzgibbon Memorial Hospital, Inc. and Fitzgibbon Health
Services seek approval from the U.S. Bankruptcy Court for the
Western District of Missouri to employ Spencer Fane LLP as legal
counsel.

The firm will render these services:

     (a) provide legal advice with respect to the Debtors' powers
and duties as debtors in possession in the continued operation of
the Debtors' business;

     (b) take all necessary action to protect and preserve the
Debtors' estates, including the prosecution of actions on the
Debtors' behalf, the defense of actions commenced against the
Debtors, the negotiation of disputes in which the Debtors are
involved, and the preparation of objections, as necessary, to
relief sought and claims filed against the Debtors' estates;

     (c) prepare on behalf of the Debtors, as debtors in
possession, all necessary motions, applications, answers, orders,
reports, and other court filings and papers in connection with the
administration of the Debtors' estates;

     (d) advise the Debtors concerning, and prepare responses to,
applications, motions, other pleadings, notices, and other papers
that may be filed by other parties in these Chapter 11 Cases;

     (e) attend meetings and negotiate with representatives of
creditors and other parties in interest, attend court hearings, and
advise the Debtors on the conduct of their Chapter 11 Cases;

     (f) advise, negotiate, and assist with any sale or other
disposition of the Debtors' assets pursuant to Section 363 of the
Bankruptcy Code;

     (g) prepare and refine on behalf of the Debtors a chapter 11
plan, disclosure statement, and/or all related agreements and
documents necessary to facilitate an exit from these chapter 11
cases, take appropriate action on behalf of the Debtors to obtain
confirmation of such plan, and take such further actions as may be
required in connection with the implementation of such plan;

     (h) provide legal advice and perform legal services with
respect to matters relating to corporate governance, the
interpretation, application or amendment of the Debtors'
organizational documents, material contracts, and matters involving
the Debtors with their officers, directors, and managers;

     (i) provide legal advice and legal services with respect to
litigation, tax, and other general legal issues for the Debtors to
the extent requested by the Debtors; and

     (j) perform all other necessary legal services in connection
with the prosecution of these chapter 11 cases.

Spencer Fane's billing rates for 2026 are:

     Zach Fairlie, Partner      $875 per hour
     Camber Jones, Of Counsel   $640 per hour
     Lindsay Doman, Associate   $500 per hour

     Attorneys                  $500 to $875 per hour
     Paraprofessionals          $225 to $325 per hour

In the last twelve months, Spencer Fane has received $556,451.67 in
retainers.

As disclosed in the court filing, Spencer Fane does not hold or
represent any interest adverse to Debtors' estates and is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Zachary R. G. Fairlie, Esq.
     Spencer Fane LLP
     1000 Walnut Street, Suite 1400
     Kansas City, MO 64106
     Tel: (816) 292-8223
     Fax: (816) 474-3216
     Email: zfairlie@spencerfane.com

       About John Fitzgibbon Memorial Hospital, Inc.

John Fitzgibbon Memorial Hospital, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No.
26-40689) on April 21, 2026. In the petition signed by Angela P.
Littrell, president and chief executive officer, the Debtor
disclosed up to $50 million in both assets and liabilities.

Judge Cynthia A. Norton oversees the case.

Zachary R.G. Fairlie, Esq., at Spencer Fane, represents the Debtor
as legal counsel.


JVL 1998: Seeks Subchapter V Bankruptcy in Missouri
---------------------------------------------------
On May 12, 2026, JVL 1998 Apartments L.L.C. filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Eastern District of
Missouri. According to court filings, the Debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

              About JVL 1998 Apartments L.L.C.

JVL 1998 Apartments L.L.C. is a real estate company engaged in
apartment ownership and property management activities.

JVL 1998 Apartments L.L.C. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42058)
on May 12, 2026. In its petition, the Debtor reports estimated
assets between $1 million and $10 million and estimated liabilities
between $1 million and $10 million.

Honorable Bankruptcy Judge Bonnie L. Clair handles the case.

The Debtor is represented by Spencer P. Desai, Esq. of The Desai
Law Firm, LLC. Christopher Lee serves as Subchapter V Trustee.


KENNEDY-WILSON INC: Moody's Rates New Senior Unsecured Notes 'B2'
-----------------------------------------------------------------
Moody's Ratings assigned a B2 rating to Kennedy-Wilson, Inc.'s
[NYSE: KW] (KW or Kennedy Wilson) proposed senior unsecured notes.
All other ratings of the company and its stable outlook remain
unchanged. Moody's expects the terms and conditions of the proposed
senior unsecured notes to be similar to Kennedy Wilson's B2 rated
backed senior unsecured notes. The unsecured notes are pari passu.

The proceeds of Kennedy Wilson's new proposed $1.8 billion senior
unsecured notes due 2031 and 2033 will be used to refinance $1.8
billion of the company's existing B2 rated backed senior unsecured
notes due 2029, 2030, and 2031. The company replaced the previously
announced exchange offer with this proposed issuance because it
allows for broader investor participation and greater execution
certainty. The issuance is also expected to be completed in advance
of the closing of the take-private transaction led by Fairfax
Financial Holdings Limited (Baa2 positive).

RATINGS RATIONALE

Kennedy Wilson, Inc.'s ratings, including its B2 corporate family
rating and stable outlook, reflect its high financial leverage with
a significant amount of non-recourse secured debt, encumbering the
company's real estate portfolio. It also incorporates KW's earnings
volatility from its reliance on recurring asset sales and the
growing share of fee income from its debt investment and investment
management platform.

Moody's expects KW's financial profile to evolve over the next
several quarters following the take private transaction, which
Moody's views as supportive of strategic continuity while
potentially providing greater flexibility in executing asset sales,
capital recycling, and balance sheet initiatives.

Credit metrics, particularly leverage, are showing signs of
stabilization with net debt to EBITDA improving to 10.4x at Q1 2026
compared to 11.4x at YE 2024 supported by improving earnings
contributions from KW's multifamily, industrial, and investment
management platforms.

Kennedy-Wilson's relies on external capital sources to meet funding
needs; however, liquidity has stabilized relative to prior periods,
supported by consistent cash flows from its income producing
portfolio and contributions from its investment management
platform. KW's sources of liquidity include cash on hand,
availability under the revolver ($182 million as of March 31,
2026), asset sales and access to secured lending markets for
property level financing.

The stable outlook reflects KW's diversified income and investment
portfolio and Moody's expectations that KW will maintain its
operating performance and continue to sell its office and
international assets and use proceeds to reduce leverage.

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

KW's ratings could be upgraded if the company increased stability
in earnings and key metrics, in addition to net debt to EBITDA
sustained below 9.5x, EBITDA to interest expense sustained above
2.0x, and successful execution and lease up of its development
pipeline.

Downward rating pressure would result from a decline in operating
performance related to its consolidated or co-investment portfolio
or net debt to EBITDA sustained above 10.5x, EBITDA to interest
expense sustained below 1.5x.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was REITs and Other
Commercial Real Estate Firms  published in March 2026.

COMPANY PROFILE

Kennedy-Wilson Holdings, Inc. [NYSE: KW] is a global real estate
investment company that owns, operates, and invests (both directly
and through its investment management platform) in a diverse set of
real estate investments around the world, including multifamily,
office, and industrial properties. The company primarily focuses on
multifamily and commercial properties located in the Western US,
U.K., and Ireland. Kennedy-Wilson, Inc. is a wholly owned
subsidiary of Kennedy-Wilson Holdings, Inc. (unrated).


KINGDOM REAL: Ruediger Mueller of TCMI Named Subchapter V Trustee
-----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Ruediger Mueller of
TCMI, Inc. as Subchapter V trustee for Kingdom Real Estate
Holdings, LLC.

Mr. Mueller will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Mueller declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Ruediger Mueller
     TCMI, Inc.
     1112 Watson Court
     Reunion, FL 34747
     Telephone: (678) 863-0473
     Facsimile: (407) 540-9306
     Email: truste@tcmius.com

              About Kingdom Real Estate Holdings LLC

Kingdom Real Estate Holdings, LLC is a real estate holding company
that typically manages and invests in property-related assets and
ventures.

Kingdom Real Estate Holdings sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. Case No. 26-03489) on April 24, 2026.
In its petition, the Debtor reported assets of between $100,001 and
$500,000 and liabilities of between $500,001 and $1 million.

Honorable Bankruptcy Judge Luis Ernesto Rivera II handles the
case.

The Debtor is represented by Jake C. Blanchard, Esq., at Blanchard
Law, P.A.


KOINONIA CONSTRUCTION: Nevada Properties Sale to 3 Buyers OK'd
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Nevada has granted
Koinonia Construction Inc. to sell Property, free and clear of
liens, claims, interests, and encumbrances.

The Debtor is in the business of developing, constructing and
selling residential homes in Elko, Nevada. The Debtor currently has
six residential homes under construction and/or near completion,
including but not limited to three residential homes that are
completed and ready to sell in the next nine days. With respect to
the three residential homes that the Debtor has completed and needs
to close escrow in the next nine days, the Debtor has received
certain purchase offers to acquire and sell the three  residential
homes and is in need to close same timely.

a) The Debtor has made the decision to sell its improved real
property located at 2427 N. 5th Street, Elko, Nevada
89801,(Property #1), for the purchase price of $347,000.00,
pursuant to a Residential Purchase Agreement to Buyer Galia Meiri
(Buyer #1);

b) The Debtor has made the decision to sell its improved real
property located at 2511 N. 5th Street, Elko, Nevada 89801,
(Property #2), for the purchase price of  $340,000.00, pursuant to
a Residential Purchase Agreement with Counteroffer #1 and
Counteroffer #2, to Buyer Luna Estela Caballero (Buyer #2); and

c) The Debtor has made the decision to sell its improved real
property located at 2519 N. 5th Street, Elko, Nevada 89801,
(Property #3), for the purchase price of $340,000.00, pursuant to a
Residential Purchase Agreement and Counteroffer to Buyer Feras
Elias (Buyer #3).

The Court has authorized the Debtor to sell its improved real
property located at 2427 N. 5th Street, Elko, Nevada 89801
(Property #1), for the purchase price of $347,000.00 to Buyer Galia
Meiri, the improved real property located at 2511 N. 5th Street,
Elko, Nevada 89801 (Property #2), for the purchase price of
$340,000.00 to Buyer Luna Estela Caballero, and the improved real
property located at 2519 N. 5th Street, Elko, Nevada 89801
(Property #3) for the purchase price of $340,000.00 to Buyer Feras
Elias.

The Debtor is authorized to perform all of its obligations with
respect to the sale of Property #1, #2, and #3 and their respective
lienholders.

The Debtor is authorized to sell the Properties to the Buyers, free
and clear of liens, claims, and encumbrances.

The Debtor is authorized to pay sales commissions directly from
escrow upon closing, as follows: $10,410.00 to LPT Realty, Attn:
Jennifer Welch, Agent, as the listing agent and $10,410.00 to LPT
Realty (not Jennifer Welch, Agent), as the selling agent with
respect to the sale of Property #1; $10,200.00 to LPT Realty, Attn:
Jennifer Welch, Agent, as the listing agent and $8,500.00 to
Robinhood Realty, as the selling agent, with respect to the sale of
Property #2; and $10,200.00 to LPT Realty, Attn: Jennifer Welch,
Agent, of LPT Realty, as the listing agent and $10,200.00 to Shecky
Overholser of Elko Realty, as the selling agent, with respect to
the sale of Property #3;

The Debtor is authorized to have no overbidding for the sales of
Property #1, Property #2 and Property #3, given the fact that the
sales are in the ordinary course of Debtor's business of
developing, constructing and selling residential homes in the City
of Elko, State of Nevada.

   About Koinonia Construction Inc.

Koinonia Construction Inc., doing business as Impact Roofing, is an
Elko, Nevada-based construction and development company that builds
homes, manages housing projects, and provides roofing services
under its Impact Roofing brand. Since its founding, the firm has
overseen multi-phase residential developments such as Mountain View
and Copper Trails, while maintaining a fleet of trucks,
telehandlers, backhoes, and other heavy equipment to support its
on-site construction work. Beyond construction, Koinonia manages a
portfolio of townhouses and land parcels on North 5th Street and
Platinum Drive, reflecting its integrated approach to development,
building, and property management.

Koinonia Construction sought  relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No.: 26-50335)
on April 3, 2026. In the  petition that was signed by Luke
Fitzgerald as president, the Debtor disclosed total assets of
$5,475,376 and total liabilities of $6,771,688.

Debtor's Counsel: Stephen R. Harris, Esq., at HARRIS LAW PRACTICE
LLC, in Reno, Nevada.


KOSMOS ENERGY: S&P Upgrades ICR to 'B-', Outlook Stable
-------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Dallas-based
oil and gas exploration and production (E&P) company Kosmos Energy
Ltd. to 'B-' from 'CCC'.

S&P said, "At the same time, we affirmed our 'CCC' issue-level
rating on Kosmos' unsecured debt. The '6' recovery rating indicates
our expectation for negligible (0%-10%; rounded estimate: 0%)
recovery of principal to creditors in the event of a payment
default.

"The stable outlook reflects our view that Kosmos will generate
positive free operating cash flow (FOCF) under our current
commodity price assumptions. This supports debt repayment and a
gradual improvement in underlying credit measures. Over the next
two years, we forecast funds from operations (FFO) to debt of
25%-30% and debt to EBITDA below 2.5x."

Since January 2026, Kosmos Energy Ltd. has refinanced near-term
maturities, raised equity, and announced an asset sale while
delivering record production. These actions, along with our higher
oil price assumption compared to earlier this year, have improved
the company's credit profile.

The upgrade reflects Kosmos' improved credit profile. This is due
to better operating performance and higher oil prices (Brent at
approximately $100/bbl for the rest of 2026 versus the $60/bbl S&P
assumed at the beginning of the year), which are accelerating
deleveraging. Also enhancing Kosmos' credit profile is a recent
series of financial transactions:

-- In January 2026, the company raised $350 million of 11.25%
senior secured notes due 2031 in the Nordic market through its
subsidiary, Kosmos Energy GTA Holdings, secured by its Greater
Tortue Ahmeyim (GTA) assets. The company used the proceeds to
tender for $250 million of its 2027 senior unsecured notes and
repay $100 million of reserve-based lending (RBL) facility
borrowings.

-- Also in January, Kosmos redeemed the remaining $100 million of
its $250 million 7.125% senior unsecured notes due April 2026 using
proceeds from the second tranche of the Gulf of Mexico (GoM) term
loan.

-- In February 2026, it signed a definitive agreement to divest
its Equatorial Guinea (EG) assets to Panoro Energy for $180 million
upfront, plus up to $39.5 million in contingent consideration, with
proceeds designated for RBL repayment.

-- In March 2026, the company raised approximately $206 million of
equity, applying proceeds to accelerate the repayment of the GoM
term loan and reduce RBL borrowings.

S&P said, "As a result of all these developments, we no longer view
Kosmos as dependent on favorable market conditions to meet its
obligations. We now expect the company will generate $300
million-$350 million in FOCF this year, supporting ongoing debt
reduction and improving credit measures. We forecast FFO to debt
will increase to 25%-30% this year from about 1% in 2025, with debt
to EBITDA decreasing to below 2.5x compared with 5.8x in 2025."

Kosmos stands to benefit significantly from higher oil prices
because much of its production is linked to Brent pricing. However,
contractual pricing lags will delay the full realization of recent
price increases until the second and third quarters of 2026.

Upon closing, the EG sale will further accelerate deleveraging. The
Ceiba and Okume fields--in which Kosmos holds about a 40% working
interest--produced about 6,000 net barrels of oil equivalent (boe)
per day in the first quarter of 2026 but carried relatively high
operating costs. The divestiture reduces production but also
eliminates approximately $100 million of combined capital
expenditures and general and administrative (G&A) spending over the
two years following closing, improving economics across the
remaining assets. S&P said, "Based on our current estimates, we
expect Kosmos to receive approximately $150 million in net proceeds
based on a Jan. 1, 2025, effective date, under which approximately
16 months of EG operating economics accrue to the buyer through
closing. Kosmos has received approval from the Government of EG,
and we expect the transaction to close around mid-year 2026,
subject to the customary Central African Economic and Monetary
Community approval. Kosmos will use these proceeds toward repayment
of its RBL facility, in line with its revised 20% net debt
reduction target for full-year 2026 (up from 10% targeted earlier).
This revised target implies approximately $600 million of absolute
debt reduction in 2026 from 2025 levels, which we view as
achievable, given the combination of EG sale proceeds, improving
Ghana and GTA cash flow, and the structural cost reductions."

Kosmos' operating performance is improving. In the first quarter of
2026, its daily production averaged approximately 75,000 boe/d, the
highest quarterly production in the company's history and about 25%
above the prior-year period. This stemmed primarily from the
ramp‑up of the GTA project offshore Mauritania and Senegal (about
23% of first-quarter production) and increased output from the
Jubilee field in Ghana (about 47% of total production). The
remaining production came from the GoM (about 22%) and EG. S&P
forecasts full-year 2026 net production of 70,000-78,000 boe/d.
This is driven by the contribution of three additional Jubilee
development wells coming online by mid-2026, the continued ramp-up
of GTA toward its full-year guidance of 32-36 gross LNG cargo
liftings, and stable GoM production from the Odd Job and Kodiak
fields, partially offset by the Winterfell-2 shut-in.

S&P said, "Over the medium to longer term, we expect Kosmos'
production to benefit from the Tiberius development in the GoM. In
March 2026, the company took final investment decision on the
project in partnership with a large independent operator, each
initially holding a 50% working interest. However, we expect the
company to reduce its interest to about one-third through a
farm-down process and use the associated proceeds to offset a
meaningful portion of near-term development capital." In February
2026, Kosmos also entered a strategic exploration alliance with
Shell covering 10 blocks in the GoM, with the initial prospect
expected to be drilled in the first half of 2027. If successful,
the discovery would likely be developed as a tie-back to existing
Shell infrastructure, which would support a relatively low-cost
development profile and provide meaningful upside to Kosmos'
production and reserve base.

In addition, Kosmos is on track to reduce operating costs by at
least 20% in 2026. This improvement is driven primarily by the
divestment of the high-cost EG asset; the roll-off of GTA start-up
costs, which S&P expects will reduce GTA unit operating expenses by
more than 50% year- over year; the elimination of TEN floating
production, storage, and offloading (FPSO) vessel lease payments
following the acquisition of the FPSO; and incremental efficiency
gains across the broader portfolio.

S&P said, "We expect the company to pass upcoming covenant and
liquidity tests without further waivers. Based on our recently
revised commodity price assumptions, we forecast Kosmos will
generate sufficient cash flow to pass the September 2026 RBL
covenant test at the original 3.5x net leverage threshold. As of
March 31, 2026, the company had about $130 million of unrestricted
cash and about $1.0 billion drawn on its RBL facility against a
$1.25 billion borrowing base following the April 2026 spring
redetermination (down from $1.35 billion).

"We expect the borrowing base to decline modestly to about $1.2
billion following the anticipated mid-year 2026 close of the EG
sale, reflecting the removal of EG collateral. However, we
anticipate Kosmos will apply the sale proceeds to debt reduction,
which should lower RBL drawings to about $850 million. We also note
the company intends to commence discussions with its bank group to
extend the RBL facility tenor, which--if successful--will remove
the scheduled commencement of amortization in 2028 and further
support the company's liquidity profile."

The RBL agreement requires Kosmos to maintain a net leverage ratio
below 3.5x. In July 2025, the company secured a waiver from its
lenders and amended its debt covenant, increasing the leverage
threshold to 4.0x for the September 2025 test and 4.25x for the
March 2026 test. In February 2026, Kosmos received a further waiver
that amended the debt cover ratio calculation through September
2026. Based on our revised commodity price assumptions, S&P expects
Kosmos to comply with the September 2026 test at the original 3.5x
threshold, supported by higher forecast EBITDA driven by
incremental Jubilee production, improved realized pricing due to
timing effects, and structural cost reductions. Moreover, the
company has hedged approximately 50% of its expected 2026 oil
production and about 25% of 2027's.

In addition, the RBL facility includes a springing-maturity
provision applicable to all notes maturing through 2029. This
provision stipulates that if Kosmos fails to refinance the relevant
notes or demonstrate full repayment capacity through an 18-month
forward liquidity test, the RBL maturity will accelerate to six
months prior to the applicable bond maturity. While Kosmos has
passed the liquidity tests for its 2026 and 2027 notes, it remains
subject to ongoing 12-month liquidity tests in March and September
and must pass the 18-month test related to its 2028 notes in
September 2026. At that time, the company must demonstrate
sufficient liquidity, together with projected cash flow, to cover
all obligations through March 2028. Given our expectation of
positive free cash flow generation under our current commodity
price assumptions, S&P believes the company will be able to meet
this requirement without triggering the springing-maturity
provision.

Recovery prospects on Kosmos' unsecured debt are primarily driven
by a sizeable priority liability (RBL) along with a decline in
reserve valuation. S&P said, "Given the 'B-' issuer credit rating,
we apply our recovery price deck assumptions--$50/bbl for WTI crude
oil and $2.50/MMBtu for Henry Hub gas--to value the company's
proved reserves. This replaces the general price deck used under
the prior 'CCC' rating, in line with our methodology and consistent
with our approach for companies that we believe are not facing
elevated near-term default risk. The lower PV‑10 valuation under
the recovery price scenario -- further driven by other downward
revisions in reserve value--results in weaker recovery prospects.
Therefore, we affirmed the 'CCC' issue-level rating on the
unsecured debt and revised the recovery rating to '6' from '4'. The
'6' recovery rating indicates our expectation for negligible
(0%-10%; rounded estimate: 0%) recovery of principal to creditors
in the event of a payment default. Our analysis also incorporates
the pro forma reduction of the RBL borrowing base following the
close of the EG sale and the partial repayment of the GoM term
loan."

S&P said, "The stable outlook reflects our view that Kosmos will
generate positive FOCF under our current commodity price
assumptions, supporting debt repayment and a gradual improvement in
underlying credit measures. We forecast FFO to debt of 25%-30% and
debt to EBITDA below 2.5x through 2027.

"We could lower our ratings on Kosmos over the next 12 months if
the company's liquidity weakens materially, or if we come to view
its capital structure as unsustainable over the long term. This
would most likely occur if commodity prices decline materially
below our price deck assumptions and the company doesn't reduce its
capital spending, or if operational challenges result in production
falling short of our expectations.

"We could raise our ratings on Kosmos again if its credit metrics
improve such that FFO to debt increases above 45% and debt to
EBITDA declines below 2x on a sustained basis while it maintains
adequate liquidity. This could occur if oil prices exceed our
current assumptions, production levels outperform our expectations,
or debt reduction is faster than anticipated."


LAKE EFFECT: Ruediger Mueller of TCMI Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Ruediger Mueller of
TCMI, Inc. as Subchapter V trustee for Lake Effect Investments,
Inc.

Mr. Mueller will be paid an hourly fee of $400 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Mueller declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Ruediger Mueller
     TCMI, Inc.
     1112 Watson Court
     Reunion, FL 34747
     Telephone: (678) 863-0473
     Facsimile: (407) 540-9306
     Email: truste@tcmius.com  

                About Lake Effect Investments Inc.

Lake Effect Investments, Inc. is a privately held investment entity
based in Florida that is primarily engaged in real estate
investment and asset management. The company focuses on acquiring
and managing property-related holdings, including residential and
commercial real estate assets.

Lake Effect Investments sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01062) on May 5,
2026. In its petition, the Debtor reported estimated assets of
between $0 and $100,000 and estimated liabilities of between $1
million and $10 million.

The Debtor is represented by Jonathan M. Bierfeld, Esq., at Martin
Law Firm P.L.


LAUNDRY BAR: Katharine Battaia 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 The Laundry Bar,
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 the Laundry Bar LLC

The Laundry Bar, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-31817) on April 28,
2026. In the petition signed by Andre Johnstone-Cloete, owner, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Scott W. Everett oversees the case.

C. Daniel Herrin, Esq., at Herrin Law, PLLC, represents the Debtor
as legal counsel.


LIGADO NETWORKS: Mediation Not Appropriate in Inmarsat Appeal
-------------------------------------------------------------
Magistrate Judge Christopher J. Burke of the U.S. District Court
for the District of Delaware determined that mediation is not
appropriate in the appeal styled INMARSAT GLOBAL LIMITED,
Appellant, v. LIGADO NETWORKS, LLC and AST & SCIENCE, LLC,
Appellees, 26-cv-00394-GBW (D. Del.).

The Court recommends that the assigned District Judge issue an
order withdrawing the matter from mediation.

As reported by the Troubled Company Reporter, citing Law360
Bankruptcy Authority, a Delaware bankruptcy judge ordered a $100
million settlement payment from Ligado Networks to Inmarsat to be
held in escrow after Ligado accused the satellite company of
breaching their agreement. The decision prevents immediate
distribution of the funds pending further court review. According
to Ligado, Inmarsat did not fulfill key terms required under the
settlement, prompting the debtor to seek judicial intervention.
Inmarsat pushed back on the allegations, asserting that it upheld
its contractual duties and should receive the payment without
delay. The escrow arrangement ensures that the disputed funds
remain secure while the court evaluates both sides' arguments. The
judge's decision reflects an effort to protect the interests of the
bankruptcy estate while the contractual dispute is resolved.

Inmarsat urged the bankruptcy court to reject Ligado's effort to
push back the settlement payment, insisting the obligation is fixed
and unconditional. The company said the payment is rooted in
spectrum-sharing and interference-resolution agreements that were
instrumental to Ligado's business plans. Inmarsat maintained that
it already provided the agreed consideration and that any
postponement would unfairly shift financial risk onto it.

Ligado, for its part, framed the request as a practical step to
preserve liquidity and support its restructuring process under
Chapter 11.

A copy of the Court's Order dated May 14, 2026, is available at
https://urlcurt.com/u?l=QwXCoR from PacerMonitor.com.

                      About Ligado Networks

Ligado Networks, formerly LightSquared, provides mobile satellite
services. The Debtor's satellite and terrestrial solutions,
combined with powerful, lower mid-band spectrum, serve to
supplement and broaden mobile coverage across the United States and
Canada. On the Web: http://www.ligado.com/        

On January 5, 2025, Ligado Networks LLC and certain of its
affiliates each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code (Bankr. D. Del. Lead
CaseNo. 25-10006).

Perella Weinberg Partners LP is serving as investment banker to
Ligado, FTI Consulting, Inc. is serving as financial advisor,
Milbank LLP is serving as legal counsel, and Richards, Layton &
Finger P.A. is serving as co-counsel. Omni Agent Solutions LLC was
first hired as claims agent. Ligado later tapped Stretto, Inc. as
replacement claims, balloting and noticing agent.

An ad hoc group of first lien creditors is being advised by
Guggenheim Securities, LLC as financial advisor, and by Sidley
Austin LLP as counsel. An ad hoc group of crossholding creditors is
being advised by Kirkland & Ellis LLP.


LIGHTHOUSE COMMUNITY: John Whaley Named Subchapter V Trustee
------------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed John Whaley of John
T. Whaley, CPA, LLC as Subchapter V trustee for The Lighthouse
Community Hospice, Inc.

Mr. Whaley will be paid an hourly fee of $440 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Whaley declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     John T. Whaley, CPA
     JOHN T. WHALEY, CPA, LLC
     P.O. Box 76362
     Atlanta, GA 30358
     Phone: 404-946-5272
     Email: trustee@jtwcpa.net

            About The Lighthouse Community Hospice Inc.

The Lighthouse Community Hospice, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.
26-56086) on May 5, 2026, with $100,001 to $500,000 in both assets
and liabilities.

Angelyn M. Wright, Esq., at The Wright Law Alliance, P.C.
represents the Debtor as bankruptcy counsel.


LIQUID TECH: $75MM Term Loan Add-on No Impact on Moody's 'B2' CFR
-----------------------------------------------------------------
Moody's Ratings says the ratings of VRS Buyer, Inc. (dba Liquid
Tech Solutions), including its B2 corporate family rating, B2-PD
probability of default rating, and B2 senior secured rating, remain
unchanged following the company's announcement that it plans to
issue a $75 million fungible add-on to its existing senior secured
first lien term loan maturing in 2032. The outlook is stable.

Liquid Tech Solutions will use proceeds from the incremental term
loan as well as borrowings under its $75 million delayed draw term
loan to fund two acquisitions. The transaction reflects the
company's ongoing acquisition-led growth strategy, which Moody's
anticipated following the company's leveraged buyout by private
equity firm Wind Point Partners in 2025.

Moody's expect acquisitions will remain a focus for Liquid Tech
Solutions. Acquisitions help expand the company's geographic
footprint and spread overhead and purchasing costs across its
network. Liquid Tech Solutions has a successful track record of
integrating acquisitions. Given the company's high leverage,
near-term acquisitions could be modestly deleveraging if integrated
successfully.

On a pro forma basis, debt/EBITDA remains above 6x. Moody's expects
moderate earnings growth and realization of acquisition synergies
will support deleveraging to just below 6x debt/EBITDA by end of
2026. Higher fuel costs, though, could temper refueling demand from
Liquid Tech Solutions' customers in the near term. Fuel costs are
passed through to the company's customers.

VRS Buyer, Inc. (dba Liquid Tech Solutions) is a provider of
truck-to-truck and other mobile refueling solutions to customers in
a variety of end markets in the United States. Pro forma unaudited
net revenue for the twelve months ended December 2025 was about
$476 million.


MADISON ATRINA: Gets Final OK to Use Cash Collateral
----------------------------------------------------
The United States Bankruptcy Court for the District of Arizona
entered a final order authorizing Madison Atrina Properties, LLC to
use cash collateral of First Internet Bank of Indiana.

The Court authorized the Debtor to use cash collateral solely for
ordinary and necessary post-petition operating expenses according
to the approved budget attached to the order. The Debtor may carry
forward unused budget amounts into later months but cannot exceed
monthly budgeted expenses by more than 10% without either the
bank’s consent or further court approval.

The order requires the Debtor to maintain separate
debtor-in-possession accounts. A dedicated "Cash Collateral
Account" must hold all income and expenses related to the secured
properties, while a separate DIP account will handle income and
expenses for another property located at 803 W. 18th Street in
Tempe, along with administrative expenses. The Debtor's principal,
Joshua B. Rapaport, had already deposited $10,000 into the DIP
account and must continue funding any operating shortfalls for the
18th Street property, though such deposits will not be treated as
loans to the estate.

As adequate protection for the use of cash collateral, the Debtor
must make monthly payments of $1,000 to the bank beginning this
month. The bank also receives replacement liens on post-petition
assets to maintain the same priority and extent as its alleged
prepetition liens.

However, if the Debtor later succeeds in the adversary proceeding
and the deeds of trust are found avoidable, the bank may lose
entitlement to adequate protection payments and could be ordered to
return or redistribute those funds as directed by the Court. The
order preserves all parties' rights to continue litigating issues
concerning lien validity, adequate protection, and future use of
cash collateral.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/Ep9DC from PacerMonitor.com.

                 About Madison Atrina Properties

Madison Atrina Properties, LLC owns and leases a residential
property in Scottsdale, Arizona.

Madison Atrina Properties sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03335) on April
6, 2026. In the petition signed by Joshua B. Rapaport, member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Kelly G. Black, Esq., at J. Grant Walker, PLLC represents the
Debtor as counsel.


MARTIN MIDSTREAM: S&P Downgrades ICR to 'B-' on Refinancing Risk
----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Martin
Midstream Partners L.P. (MMLP or the partnership) from 'B' to
'B-'.

S&P said, "At the same time, we lowered our issue-level rating on
the partnership's senior secured notes from 'B+' to 'B'. The '2'
recovery rating remains unchanged, reflecting our expectation of
substantial recovery (70%-90%; midpoint estimate: 80%) in the event
of a default.

"The negative outlook on MMLP reflects our expectation that the
partnership could face significant liquidity pressure and
refinancing risks as maturities approach."

The downgrade reflects MMLP's recent underperformance, heightened
refinancing risk, and liquidity constraints stemming from
approaching debt maturities. As of March 31, 2026, the partnership
had $400 million in senior secured notes maturing in February 2028
and approximately $67 million outstanding on its RCF maturing in
November 2027. S&P said, "Given a weighted average maturity of less
than two years, we believe the partnership faces significant
near-term refinancing pressure with constrained liquidity. We also
believe additional drawdowns on the RCF, in the absence of maturity
extensions, will further deteriorate its liquidity position and
heighten near-term refinancing risk."

Furthermore, MMLP recently lowered its 2026 guidance, with EBITDA
expectations falling below our projections. This revision was
driven by its underperformance in the first quarter of 2026 due to
significant margin pressure in the fertilizer business and
lower-than-anticipated contributions from the transportation
segment. Specifically, the sulfur services segment faced margin
pressure due to elevated input costs—primarily sulfur and
ammonia—coupled with weakened farmer affordability, which
dampened fertilizer demand. S&P said, "As a result, we expect S&P
Global Ratings-adjusted EBITDA to decline in 2026, within the $110
million-$120 million range, leading adjusted leverage to increase
to 4.0x-4.35x in 2026 from about 4.0x in 2025. We also project
interest expenses will exceed 40% of adjusted EBITDA in 2026 and
2027, further limiting financial flexibility."

MMLP's covenant headroom remains tight, particularly for interest
coverage, though its recent amendment provided some cushion for its
financial covenants. The partnership is required to maintain a
minimum interest coverage ratio of 1.65x in 2026, stepping up to
1.75x in the first quarter of 2027 and simultaneously, a maximum
total leverage of 5.5x in 2026, stepping down to 5.3x, 5.25x, and
5.0x in the first, second, and third quarters of 2027,
respectively. As of March 31, 2026, its actual interest coverage
and total leverage were 1.77x and 5.08x, respectively. While S&P
expects the partnership will be in compliance with its covenants
over the next 12 months, a tight interest coverage position leaves
the partnership vulnerable to further performance deterioration,
which could necessitate additional covenant amendments.

The negative outlook on MMLP reflects S&P's expectation that the
partnership could face significant refinancing risk and liquidity
pressure as its maturities approach, specifically regarding its
revolving credit facility maturing in November 2027 and senior
secured notes maturing in February 2028.

S&P could consider a negative rating action on MMLP if

-- S&P views its capital structure as unsustainable;

-- S&P anticipates its capital structure will become current; or

-- S&P anticipate it cannot meet its debt service requirements.

S&P could revise the outlook on MMLP to stable if:


- It alleviates its upcoming refinancing risk and extends the
weighted average maturity of its outstanding debt;

-- Operational performance improves such that S&P believes the
partnership will have more headroom under its financial covenants;
and

-- S&P anticipates it will sustain adjusted leverage below 5x.



MATH AND SCIENCE ACADEMY: S&P Lowers Existing Debt Rating to 'BB-'
------------------------------------------------------------------
S&P Global Ratings lowered its rating on Math and Science Academy
(MSA), Minnesota's existing debt to 'BB-' from 'BB'.

The outlook is stable.

The downgrade reflects the deterioration in MSA's financial
performance, which has led to an operating deficit based on fiscal
2025 audited figures and below 1x lease-adjusted maximum annual
debt service (MADS) coverage that S&P believes will continue
through fiscal 2027. Management has indicated that the debt service
coverage (DSC) bond covenant will likely be violated in fiscal
2026, but is expected to return to compliance in fiscal 2027.

S&P said, "We view governance risk as elevated given the historical
turnover of both administration and board members, which the
academy's authorizer has noted and which has the potential to
affect programming and operations if not stabilized, especially
during the school expansion. We understand MSA addressed these
authorizer concerns by rewriting bylaws and adopting new policies
to strengthen the board's roles and responsibilities, both of which
are mitigating them somewhat. We analyzed the academy's
environmental and social factors and consider them neutral in our
credit rating analysis.

"The stable outlook reflects our expectation that MSA will maintain
stable enrollment and robust demand, supported by its exceptionally
strong academics, and financial profile metrics will stabilize or
improve from current levels. We expect the school will successfully
resubmit its expansion application to the state in 2027, which will
allow it to serve approximately 1,300 students for the 2027-2028
academic school year.

"We could lower the rating should MSA miss projected enrollment
figures either due to a decline in demand or a rejection of
approval for the expansion to elementary school grades.
Furthermore, we could lower the rating should liquidity decline
further below projections or should maximum annual debt service
(MADS) coverage weaken materially to levels no longer commensurate
with the current rating level.

"We could raise the rating should MSA successfully execute on its
expansion plans and sustain financial metrics in line with those of
higher-rated peers."



MEDLINE BORROWER: Moody's Rates New Sec. First Lien Term Loan 'Ba1'
-------------------------------------------------------------------
Moody's Ratings assigned a Ba1 rating to Medline Borrower, LP
(d/b/a "Medline") proposed backed senior secured notes and backed
senior secured first lien term loan B. There are no changes to
Medline's existing ratings including the Ba1 Corporate Family
Rating, Ba1-PD Probability of Default Rating, Ba1 senior secured
ratings and Ba2 senior unsecured rating. The outlook remains
stable.

Proceeds from the senior secured notes and term loan will be used
to refinance the existing term loan B facilities due in 2028 and
2030, and a portion of the 2029 6.25% senior secured notes on a
dollar for dollar basis. Therefore, the proposed transaction will
be leverage neutral.

RATINGS RATIONALE

Medline's Ba1 CFR reflects the company's position as a leading
manufacturer and distributor of a broad range of medical products
with a focus on single use products with low levels of
technological obsolescence risk. The company services a sizable and
stable end market, and has been increasing its number of prime
vendor relationships over the past several years, where Medline
serves as the exclusive supplier to a particular hospital or
hospital system for a period of time. Further, the company
generates excellent free cash flow and has strong interest coverage
and moderate financial leverage after the IPO. Moody's expect
leverage to be in the low to mid 3x range in the next 12-18 months.
The rating is constrained by Medline's exposure to pricing pressure
from customers and a competitive distribution landscape.

The stable outlook reflects our expectations that Medline will
sustain strong operating performance and maintain very good
liquidity.

Medline's SGL-1, Speculative Grade Liquidity Rating, reflects our
expectation that the company will maintain very good liquidity. The
company will operate with a strong cash balance as Moody's expect
free cash flow will be at least $1.5 billion in 2026.  The company
reported $2.2 billion of cash on hand as of March 28, 2026. The
company has access to a $1 billion revolving credit facility which
Moody's expect will remain undrawn.

The company's secured credit facilities and secured notes are rated
Ba1, in-line with the corporate family rating. The secured debt
benefits from the loss absorption provided by $2.5 billion of
senior unsecured notes. The Ba2 rating on the senior unsecured
notes reflects the notes' junior position relative to the
significant amount of senior secured debt.

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

Moody's could upgrade the ratings if Medline establishes a track
record of operating as an independent public company and sustains
commitment to operating at a lower leverage than historically and
maintains good liquidity. Additionally, a reduction in ownership
concentration would be viewed positively. Quantitatively,
maintaining debt-to-EBITDA below 3.25x on a sustained basis could
also lead to a higher rating.

Moody's could downgrade the ratings if the company adopts an
aggressive financial policy, including material debt-financed
acquisitions or returns to shareholders. Quantitatively, the
ratings could be downgraded if debt/EBITDA is sustained above 4
times.

The principal methodology used in these ratings was Medical
Products and Devices published in October 2025.

Headquartered in Northfield, IL, Medline is a leading manufacturer
and distributor of healthcare supplies to hospitals, post-acute
settings, physicians' offices and surgery centers. For the twelve
months ended March 31, 2026 revenue was approximately $29.1
billion.


MEGA KYON: Seeks Cash Collateral Access
---------------------------------------
Mega Kyon, Inc. asks the U.S. Bankruptcy Court for the District of
Massachusetts for authority to use cash collateral and provide
adequate protection.

The company, which operates a Pet Supplies Plus franchise in
Attleboro, Massachusetts, runs a retail pet store with grooming and
dog washing services and employs 15 non-insider employees. It is
owned solely by its president, John Barris, who does not draw a
salary.

At the time of filing, the Debtor reported assets including
approximately $43,765 in cash, $190,119 in inventory, and various
retail equipment such as computers, shelving, and fixtures. The
Debtor  identifies three secured creditors with asserted liens on
substantially all assets: Cadence Bank (approximately $1.27 million
secured by a 2022 UCC filing), Ready Cap Lending, LLC
(approximately $45,880 secured by an SBA-related loan), and Newtek
Bank, N.A. (approximately $276,842 secured by a 2024 business
loan). These creditors collectively hold interests in the Debtor's
cash collateral.

The Debtor asserts that it must immediately use cash collateral to
fund ongoing operations, including payroll, rent, utilities,
inventory purchases, and other operating expenses necessary to
maintain its retail and grooming business. It proposes to operate
under a budget covering May through July 2026 and requests interim
authority to pay up to $21,000 in payroll due May 15, 2026, along
with authority to spend up to $25,000 weekly on inventory
replenishment. The Debtor also seeks flexibility to operate within
the approved budget.

As adequate protection for secured creditors, Mega Kyon proposes
granting replacement liens on post-petition assets to preserve the
value of their pre-petition collateral positions. It argues that
the creditors’ interests are sufficiently protected because
collateral value is not expected to decline significantly and will
be replenished through ongoing sales and inventory turnover. The
Debtor further contends that no additional cash payments for
adequate protection are necessary.

A copy of the motion is available at https://urlcurt.com/u?l=VtT29Y
from PacerMonitor.com.

                  About Mega Kyon, Inc.

Mega Kyon, Inc. , doing business as Pet Supplies Plus, operates a
pet supplies retail store at 1150 Newport Ave. in Attleboro,
Massachusetts. The company sells pet food, supplies, and related
products for dogs, cats, reptiles, small animals, wild birds, and
other pets. It also provides grooming, dog wash, veterinary clinic
access, online ordering, curbside pickup, and same-day delivery
services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 26-40523) on May 4, 2026.
In the petition signed by John Barris as president, president, the
Debtor disclosed $262,309 in assets and $1,840,224 in liabilities.

Judge Elizabeth D. Katz oversees the case.

Marques Lipton, Esq., at LIPTON LAW GROUP, LLC, represents the
Debtor as legal counsel.



MERCER INTERNATIONAL: Q1 2026 Net Loss Widens to $52 Million
------------------------------------------------------------
Mercer International Inc. has filed its Quarterly Report on Form
10-Q with the U.S. Securities and Exchange Commission, reporting a
net loss of $51,996,000 for the three months ended March 31, 2026,
compared to a net loss of $22,339,000 for the same period in the
prior year. Revenues for the three months ended March 31, 2026 were
$489,304,000, compared to $506,974,000 in the prior-year period.

Liquidity and Debt Covenants

As of March 31, 2026, the Company's German subsidiaries that are
borrowers under the German revolving credit facility did not meet
the required leverage ratio thereunder. A waiver dated May 4, 2026,
was received with respect to the leverage ratio covenant for the
first three quarters of 2026, such that the leverage ratio
financial covenant will not be required to be tested until the
Calculation Date (as defined in the German joint revolving credit
facility) occurring on December 31, 2026 (and thereafter). Based on
this waiver and management's assessment of the probability of
meeting the required leverage ratio and complying with other
covenants at subsequent compliance dates within the next year, the
amount due under this facility remains classified as non-current in
the Interim Consolidated Balance Sheet. Under the terms of the
waiver, distributions to the parent entity are prohibited until
September 30, 2026 (subject to limited exceptions). Additionally,
certain covenants were modified, one of which limits facility
utilization to EUR300.0 million while the leverage ratio exceeds
2.00:1.00. The waiver also provides for, among other things,
modifications to the existing variable margin to a range of 2.50%
to 4.25% depending on prescribed leverage ratios, and creates
additional events of default such as cross-defaults to certain of
the Company's other indebtedness, including the outstanding Senior
Notes and Canadian joint revolving credit facility, and provides
other ancillary lender protections. As of March 31, 2026, adjusting
for the utilization limit, approximately EUR109.4 million
($125,832,000) was available for future draws. Non-compliance with
the leverage ratio covenant addressed pursuant to the waiver did
not and does not trigger any cross-default provisions under the
Company's other debt agreements.

Management currently believes that its existing cash balances,
anticipated cash flows from operations and available capacity under
its credit facilities will be sufficient to meet its liquidity
requirements for at least the next 12 months from the issuance date
of these financial statements. As of March 31, 2026, the Company
had current assets of $834,752,000 and current liabilities of
$384,776,000. These liabilities include the Canadian joint
revolving credit facility, which matures in January 2027.
Refinancing negotiations have begun for this facility and are
expected to be completed before maturity. Alternatively, management
currently believes that the Company maintains sufficient global
liquidity to settle the amount due under the Canadian joint
revolving credit facility, if necessary.

Management's forecasts for covenant compliance and its ability to
maintain access to capital distributions rely on various factors,
including underlying market and operational estimates and
assumptions. As actual results may vary, there can be no assurance
that these forecasted outcomes will be realized. It is possible a
change in these estimates and assumptions could impact future
covenant compliance, which would materially impact the Company's
liquidity.

Credit Risk

The Company's exposure to credit losses may increase if its
customers' production and other costs are adversely affected by
inflation, interest rate levels and tariffs. Although the Company
has historically not experienced significant credit losses, it is
possible that there could be a material adverse impact from
potential adjustments of the carrying amount of trade receivables
if the cash flows of the Company's customers are adversely impacted
by inflation, interest rate levels and tariffs. As of March 31,
2026, the Company has not had significant credit losses.

As of March 31, 2026, the carrying amount of cash and cash
equivalents of $84,541,000, restricted cash of $5,000,000, and
accounts receivable of $329,070,000 recorded in the Interim
Consolidated Balance Sheet, net of any allowances for losses,
represent the Company's maximum exposure to credit risk.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/2vjehs6k

                  About Mercer International Inc.

Mercer International Inc. -- http://www.mercerint.com/-- is a
global forest products company with operations in Germany, the
United States and Canada with consolidated annual production
capacity of 2.1 million tonnes of pulp, 1,023 million board feet of
lumber, 210,000 cubic meters of cross-laminated timber, 45,000
cubic meters of glulam, 17 million pallets and 230,000 metric
tonnes of biofuels.

As of March 31, 2026, the Company had $1,963,836,000 in total
assets, $1,969,374,000 in total liabilities, and $5,538,000 in
total stockholders' deficit.

                           *     *     *

S&P Global Ratings lowered its issuer credit rating on Mercer
International Inc. to 'CCC+' from 'B-'. At the same time, S&P
lowered its issue-level rating on the company's unsecured debt to
'CCC+' from 'B-'. S&P's '4' recovery rating on the notes is
unchanged.

The negative outlook reflects S&P's expectation for Mercer to
generate negative FOCF and significant debt maturity over the next
couple of years that it believes increases the possibility of
another downgrade.


MERCER INTERNATIONAL: Secures Waiver on German Credit Facility
--------------------------------------------------------------
Mercer International Inc. announced in a regulatory filing that
certain of its German subsidiaries entered into a Waiver and
Consent Request Letter with respect to that revolving facility
agreement dated September 15, 2022, as amended and restated by an
amendment and restatement agreement dated March 22, 2023 and as
further amended, amended and restated, or otherwise supplemented
from time to time, by and among the Loan Parties, a group of bank
lenders and UniCredit Bank GmbH, as agent in respect of its
EUR370.1 million revolving credit facility.

Pursuant to the Waiver:

     * the Lenders waived, for each of the first three fiscal
quarters of fiscal year 2026 the Loan Parties' financial covenant
obligation to maintain a Leverage Ratio (as defined in the Credit
Agreement) not to exceed 3.50:1.00, such that the Loan Parties will
not be required to be in compliance with such financial covenant
for any period until the Calculation Date (as defined in the Credit
Agreement) occurring on December 31, 2026 (and thereafter);

     * certain covenants contained in the Credit Agreement were
modified to provide, among other things, that:

           (a) utilization of the German Facility shall not exceed
EUR300 million for so long as the Leverage Ratio in respect of any
12-month period exceeds 2.00:1.00;

           (b) the Loan Parties shall ensure that average liquidity
of the Company and its subsidiaries is US$30 million, tested
monthly and measured over a rolling 13-week period;

           (c) capital expenditures made by the Loan Parties in
fiscal year 2026 shall not exceed EUR60 million without the prior
consent of the Agent;

           (d) drawdown requests shall be made in accordance with
the Loan Parties' ongoing liquidity requirements and such drawdowns
shall be subject to ongoing reporting requirements;

           (e) distributions to the Company are restricted until
September 30, 2026, provided that the Agent may permit
distributions of up to EUR15 million in the aggregate, subject to
the Loan Parties' satisfaction of certain conditions, including
compliance with certain reporting requirements and the provision of
the Security Grant; and

           (f) until the Loan Parties provide an initial 13-week
liquidity forecast to the Agent, drawdown requests for incremental
borrowings shall not exceed EUR20 million;

     * the Loan Parties agreed to provide additional periodic
reporting to the Lenders in respect of the Company and its
subsidiaries, including information regarding their business
affairs, financial information, forecasts and liquidity forecasts,
and confirmations as to the sufficiency of the Loan Parties and
their subsidiaries financial resources for the next 12-months;

     * certain of the Loan Parties will be required to provide
security over certain assets with an aggregate realizable value of
at least 110% of the utilized amount under the German Facility ,
including security over trade receivables, finished goods
inventory, bank accounts, intra-group loans and share pledges,
including over the equity of Mercer Stendal GmbH;

     * the Loan Parties agreed to inform the Agent if any corporate
action, legal proceeding or other similar procedure or step is
taken by a Loan Party to initiate a bankruptcy proceeding in Canada
or the United States (a "North American Bankruptcy Proceeding");
and

     * the existing interest rate margin was modified to a range of
2.50% to 4.25% based on specified Leverage Ratio levels.

Pursuant to the Waiver, each of the following shall constitute an
Event of Default (as defined under the Credit Agreement):

     (i) failure to comply with the covenants and reporting
requirements of the Waiver;

    (ii) the termination of any managing director of a Loan Party
without prior written notice to the Agent (other than for cause);

   (iii) the occurrence of an "event of default" under the
indentures (as amended from time to time) governing the Company's
12.875% senior notes due 2028 or 5.125% senior notes due 2029, or
certain of the Company's other credit facilities or arrangements,
including the Company's Canadian revolving credit facility; and

    (iv) a Loan Party taking any corporate action or legal
proceeding or instituting or consenting to the institution of any
North American Bankruptcy Proceeding, or a North American
Bankruptcy Proceeding being instituted against a Loan Party.

                  About Mercer International Inc.

Mercer International Inc. -- http://www.mercerint.com/-- is a
global forest products company with operations in Germany, the
United States and Canada with consolidated annual production
capacity of 2.1 million tonnes of pulp, 1,023 million board feet of
lumber, 210,000 cubic meters of cross-laminated timber, 45,000
cubic meters of glulam, 17 million pallets and 230,000 metric
tonnes of biofuels.

As of March 31, 2026, the Company had $1,963,836,000 in total
assets, $1,969,374,000 in total liabilities, and $5,538,000 in
total stockholders' deficit.

                           *     *     *

S&P Global Ratings lowered its issuer credit rating on Mercer
International Inc. to 'CCC+' from 'B-'. At the same time, S&P
lowered its issue-level rating on the company's unsecured debt to
'CCC+' from 'B-'. S&P's '4' recovery rating on the notes is
unchanged.

The negative outlook reflects S&P's expectation for Mercer to
generate negative FOCF and significant debt maturity over the next
couple of years that it believes increases the possibility of
another downgrade.


MERRICK WOODWORKING: Joli Lofstedt Named Subchapter V Trustee
-------------------------------------------------------------
The Acting U.S. Trustee for Region 19 appointed Joli Lofstedt,
Esq., as Subchapter V trustee for Merrick Woodworking, Inc.

Ms. Lofstedt, a practicing attorney in Louisville, Colo., 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. Lofstedt declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Joli A. Lofstedt, Esq.
     P.O. Box 270561
     Louisville, CO 80027
     Phone: (303) 476-6915
     Fax: (303) 604-2964
     Email: joli@jaltrustee.com

                  About Merrick Woodworking Inc.

Merrick Woodworking Inc. provides woodworking services, including
custom cabinetry, carpentry, millwork, trim, interior and exterior
doors, and furniture.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 26-13255) on May 8, 2026,
with $264,683 in assets and $1,985,499 in liabilities. Kevin
Merrick, president, signed the petition.

Aaron A. Garber, Esq. at Wadsworth Garber Warner Conrardy, P.C.
represents the Debtor as legal counsel.


MILLER'S CONTRACTING: Leona Mogavero Named Subchapter V Trustee
---------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Leona Mogavero,
Esq., at Zarwin Baum as Subchapter V trustee for Miller's
Contracting and Property Manage.

Ms. Mogavero 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. Mogavero declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Leona Mogavero, Esq.
     Zarwin Baum
     One Commerce Square
     2005 Market Street, 16th Floor
     Philadelphia, PA 19103
     Phone: (267) 765-9630
     Email: lmogavero@zarwin.com  

           About Miller's Contracting and Property Manage

Miller's Contracting and Property Manage sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No.
26-11972) on May 5, 2026, with up to $50,000 in both assets and
liabilities.

Judge Derek J. Baker presides over the case.

Demetrius J. Parrish, Esq., at The Law Offices Of Demetrius J.
Parrish represents the Debtor as bankruptcy counsel.


MORA OAK: Court Extends Cash Collateral Access to June 1
--------------------------------------------------------
Mora Oak Park, LLC received another extension from the U.S.
Bankruptcy Court for the Northern District of Illinois, Eastern
Division, to use cash collateral.

Under the fourth interim order, the court authorized the Debtor to
use cash collateral through June 1 to pay expenses in accordance
with its budget. This authorization terminates if the Debtor's
Chapter 11 case is dismissed or if the court orders the use of cash
collateral to stop.

The Debtor listed the U.S. Small Business Administration as a
primary secured creditor with a lien on its assets.

As protection for any use or diminution in the value of its
interests in the Debtor's pre-bankruptcy assets, the SBA will be
granted replacement liens on all post-petition property of the
Debtor, including cash collateral, with the same validity, priority
and extent as its pre-petition lien.

Additionally, the SBA will receive a monthly payment of $245.

The order is available at https://shorturl.at/tMe97

The final hearing is set for May 29.

Mora Oak Park, LLC operates a restaurant, which generates
approximately $850,000 in annual revenue and employs 15 to 20 staff
members.

                  About Mora Oak Park LLC

Mora Oak Park, LLC operates an upscale Japanese restaurant in Oak
Park, Illinois.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03137) on February
23, 2026. In the petition signed by Christine M Cancel, managing
member, the Debtor disclosed up to $50,000 in assets and up to
$500,000 in liabilities.

David R. Herzog, Esq., represents the Debtor as legal counsel.


MP ELK GROVE: Case Summary & 16 Unsecured Creditors
---------------------------------------------------
Debtor: MP Elk Grove, LLC
        94050 Farrington Hwy
        Suite E1-3
        Waipahu HI 96797

Business Description: MP Elk Grove, LLC is a real estate entity
                      with property interests at 5425 Pau A Laka
                      St. in Koloa, Hawaii.

Chapter 11 Petition Date: May 14, 2026

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 26-20765

Debtor's Counsel: William Rountree, Esq.
                  ROUNTREE, LEITMAN, KLEIN & GEER, LLC
                  2987 Clairmont Road Suite 350
                  Atlanta GA 30329
                  Tel: 404-584-1238
                  E-mail: wrountree@rlkglaw.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Gary Pinkston as manager.

A full-text copy of the petition is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/G2TWY3A/MP_Elk_Grove_LLC__ganbke-26-20765__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 16 Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. G. Kamm 401(k) PSP                                     $118,416
2284 Wilco St
Lihue, HI, 96766

2. Alliant Insurance Services, Inc.                       $100,390
P.O. Box 744912
Los Angeles, CA, 90074

3. P.M.A., Inc                                             $70,067
1450 Harbor Blvd
Suite C
West Sacramento, CA, 95691

4. Carlson, Barbee & Gibson, Inc                           $35,400
2633 Camino Ramon
Suite 350
San Ramon, CA, 94583

5. Bryan Environmental, Inc                                $23,060
PO Box 462
Elk Grove, CA, 95759

6. County of Sacramento               Taxes & Other        $14,097
PO Box 1587                         Government Units
Sacramento, CA, 95812

7. Yamasaki Landscape Architecture, Inc                     $9,100
1223 High Street
Suite A1
Aubirn, CA

8. Parks Water Resources                                    $8,800
PO Box 494
Zamora, CA, 95698

9. Hawley Troxell                                           $6,540
877 W. Main St
Suite 200
Boise, ID, 83701

10. Beth Smiley Professional Services                       $4,750
1917 Bosbury Way
Roseville, CA, 95661

11. City of Elk Grove                 Taxes & Other         $4,286
8401 Laguna Palms Way               Government Units
Elk Grove, CA, 95758

12. Raney Geotechnical, Inc                                 $4,247
3140 Beacon Blvd
West Sacramento, CA, 95691

13. Moore Biological Consultants                            $1,000
10330 Twin cities Road
Suite 30
Galt, CA, 95632

14. Youngdahl                                                 $425
1234 Glenhaven Court
El Dorado Hills, CA, 95762

15. Jim Oliver Designer                                       $300
18845 Jordan Lane
Woodbridge, CA, 95258

16. Meridian Pacific Holdings, LLC                              $0
94-050 Farrington Hwy
Suite E1-3
Waipahu, HI, 96797


MP ELKO II: Case Summary & One Unsecured Creditor
-------------------------------------------------
Debtor: MP Elko II LLC
        1801 Tiburon Blvd
        Suite 800
        Tiburon CA 94920

Business Description: MP Elko II LLC is a real estate entity whose
                      property holdings include a residential
                      property at 2839 KeAlaula Street in Koloa,
                      Hawaii.

Chapter 11 Petition Date: May 14, 2026

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 26-20769

Debtor's Counsel: William Rountree, Esq.
                  ROUNTREE, LEITMAN, KLEIN & GEER, LLC
                  2987 Clairmont Road Suite 350
                  Atlanta GA 30329
                  Tel: 404-584-1238
                  E-mail: wrountree@rlkglaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary Pinkston as manager.

The Debtor listed Meridian Pacific Holdings, LLC, located at
94-050 Farrington Hwy, Suite E1-3, Waipahu, HI, 96797, as its sole
unsecured creditor.

A full-text copy of the petition is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/EBHXVNA/MP_Elko_II_LLC__ganbke-26-20769__0001.0.pdf?mcid=tGE4TAMA


MURPHY OIL: Moody's Rates New $500MM Senior Unsecured Notes 'Ba2'
-----------------------------------------------------------------
Moody's Ratings assigned a Ba2 rating to Murphy Oil USA Inc.'s
("MUSA") proposed $500 million backed unsecured notes offering. All
other ratings of MUSA remain unchanged, including its Ba1 corporate
family rating, Ba1-PD probability of default rating, Baa3 ratings
of the company's senior secured revolving credit facility and
senior secured term loan B, and Ba2 ratings on its existing backed
senior unsecured notes. The company's speculative grade liquidity
rating (SGL) of SGL-1 remains unchanged. The outlook is stable.

Proceeds from the proposed notes will be used to refinance its $300
million 5.625% senior notes due 2027, repay outstanding debt under
its senior secured revolving credit facility, pay related fees and
expenses, and, to the extent any proceeds remain, for general
corporate purposes.  The transaction is credit positive because it
is leverage neutral, will extend the company's debt maturity
profile, and improve overall excess revolver availability.

RATINGS RATIONALE

MUSA's Ba1 CFR benefits from its strong credit metrics, very good
liquidity, significant scale, good market position and geographic
reach. The rating is also supported by Moody's views that consumer
demand for motor fuel and value priced convenience items will
retain some degree of stability over time, regardless of economic
conditions. Moody's expects the company's credit metrics to remain
in line with its debt/EBITDA target of below 2.5x (as calculated by
the company), even during times of volatile earnings. As of March
2026, company-calculated debt/EBITDA was around 1.9x and
Moody's-adjusted debt/EBITDA was solid, at around 2.3x. MUSA is
constrained by exposure to the revenue and earnings volatility
related to motor fuel sales which, account for a substantial
majority of the company's revenue, as well as to the longer term
trend toward lower fuel volumes because of better fuel efficiency
and the slow adoption of EV. In addition, MUSA has lower
merchandise margin rates relative to rated peers.

The stable outlook reflects Moody's views that MUSA's credit
metrics will remain strong and it will maintain very good
liquidity. The outlook also considers that financials policies will
remain balanced and that shareholder returns and acquisitions will
be prudently sourced and funded such that credit metrics and
liquidity remain appropriate for a Ba1 rating.

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

An upgrade would require a balanced growth strategy and evidence of
a financial policy and capital structure that supports the credit
profile required of an investment grade rating. An upgrade would
also require very good liquidity, increased product diversification
to lower its reliance on fuel sales and increase its higher margin
merchandise revenues. Quantitatively, an upgrade would require
debt/EBITDA maintained below 2.5 times and EBIT/interest sustained
near 5.5 times.

Deterioration in operating performance resulting in weakening of
liquidity or credit metrics could result in a downgrade. A growth
strategy that negatively impacts liquidity or metrics could also
pressure ratings, as would an inability to address debt maturities
in a timely manner. Specifically, ratings could be downgraded if
debt/EBITDA is sustained above 3.5 times and EBIT/interest is
sustained below 4.0 times.

Murphy Oil USA Inc. is the primary operating subsidiary of Murphy
USA Inc., and mainly sells retail motor fuel products and
convenience merchandise through over 1,800 retail locations under
the Murphy USA, Murphy Express and QuickChek brands. The company's
retail stations are located in 27 states, primarily in the
Southeast, Southwest and Midwest US. Revenue was about $19.7
billion for the latest twelve month period ended March 2026.

The principal methodology used in this rating was Retail and
Apparel published in September 2025.


MURPHY'S CONCRETE: Jeanette McPherson Named Subchapter V Trustee
----------------------------------------------------------------
The U.S. Trustee for Region 17 appointed Jeanette McPherson, Esq.,
at Fox Rothschild, LLP, as Subchapter V trustee for Murphy's
Concrete L.L.C.

Ms. McPherson will be paid an hourly fee of $625 for her services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Ms. McPherson declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Jeanette McPherson, Esq.
     Fox Rothschild, LLP
     1980 Festival Plaza Drive, Suite 700
     Las Vegas, NV 89135
     Phone: (702) 699-5923
     Email: TrusteeJMcPherson@FoxRothschild.com

                  About Murphy's Concrete L.L.C.

Murphy's Concrete L.L.C. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50446) on May 4,
2026, with $100,001 to $500,000 in assets and $500,001 to $1
million in liabilities.

Judge Hilary L. Barnes presides over the case.

Kevin A. Darby, Esq. at Darby Law Practice, Ltd. represents the
Debtor as bankruptcy counsel.


NAPA MANAGEMENT: Moody's Cuts CFR to Caa2, Outlook Stable
---------------------------------------------------------
Moody's Ratings downgraded NAPA Management Services Corporation's
("NAPA") corporate family rating to Caa2 from Caa1 and probability
of default rating to Caa2-PD from Caa1-PD. Moody's also downgraded
the rating of the company's senior secured first lien bank credit
facility to Caa2 from Caa1. The outlook remains stable.

The ratings downgrade reflects Moody's expectation of a reduction
in the company's EBITDA driven by continued revenue decline.
Moody's expect leverage to increase in the next 12-18 months, and
remain elevated at above 10x. The company's good liquidity position
will help support the company's operations. Liquidity is bolstered
by a good cash balance.

RATINGS RATIONALE

NAPA's Caa2 CFR reflects Moody's expectation of rising financial
leverage driven by continued loss of scale due to customer
attrition and general labor pressures in anesthesia. Moody's expect
leverage to increase from 7.9x as of LTM March 31, 2026, to over
10x in the next 18 months, due to ongoing revenue declines stemming
from customer losses limited new contract wins, and expected
decline of high-margin contract exit payments that benefited the
company in 2023 through 2025. Moody's believe the resulting
increase in leverage will render the capital structure less
sustainable, with limited prospects for deleveraging.

The rating benefits from increasing demand for anesthesia services
and the company's position as one of the largest anesthesiology
providers.

Moody's expect NAPA to maintain good liquidity supported by a
substantial cash balance as of March 31, 2026. Moody's expect the
company will be free cash flow positive in 2026 and moderately free
cash flow negative to neutral in 2027. The company's $80 million
revolving credit facility, which is currently fully available,
matures in February 2027. Although the status is still uncertain,
Moody's do not expect the facility to be renewed or replaced upon
expiration. Alternate liquidity is limited as the majority of
assets are encumbered by bank credit facilities.

The senior secured first lien debt represents the preponderance of
the company's debt. Therefore, the individual debt instrument
ratings (for term loan and revolver) are at the same level as the
company's corporate family rating.

The stable outlook incorporates Moody's expectation that NAPA's
leverage will remain very high in the next 12 to 18 months.

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

The ratings could be upgraded if the company's operating
performance improves, evidenced by growth in earnings and margins.
Maintaining good liquidity as well as Moody's expectation of
declining probability of default could support an upgrade.

The ratings could be downgraded if the company's operating
performance deteriorates further, and liquidity weakens. A
downgrade could also occur if Moody's conclude that the probability
of default is increasing.

NAPA Management Services Corporation is a leading provider of
outsourced anesthesia and perioperative services in the United
States with close to 40 years of experience as a clinician-led,
single specialty-focused organization. The company provides
anesthesia and perioperative services to over 2 million patients
annually in more than16 states across various customer sites and
care settings including hospitals, ambulatory surgery centers and
in office-based settings.  NAPA Management Services Corporation is
owned by private equity sponsor American Securities and Leonard
Green & Partners. The company generated $1.5 billion of revenues in
2025.                          

The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.


NAUTICUS ROBOTICS: Issues $1.56 Million Convertible Debenture
-------------------------------------------------------------
Nauticus Robotics issued a $1.56 million senior secured convertible
debenture, amended the payment terms of a 2025 asset purchase
agreement and temporarily reduced the conversion price on certain
term-loan notes, according to a Form 8-K filing with the Securities
and Exchange Commission.

The additional note, issued May 12 to an institutional investor, is
convertible into 204,753 shares of common stock at $7.60 a share
and matures Sept. 9, 2026, unless repaid earlier under its terms.

Nauticus also said it amended an asset-purchase agreement with
SeaTrepid International LLC, SeaTrepid Deepsea LLC and Remote
Inspection Technologies LLC, changing certain payment terms under
the agreement. The company completed the acquisition in March 2025
for a total value of $16 million.

Separately, Nauticus amended its senior secured term-loan
agreement, reducing the conversion price on certain loans to $2.20
through May 21, 2026.

The company also disclosed that it hired Brian Allen as chief
revenue officer. Allen, the founder and former chief executive
officer of Beam, will oversee commercial strategy across Europe,
the Middle East and Africa and global technology licensing
initiatives.

                       About Nauticus Robotics

Nauticus Robotics Inc. develops fully electric autonomous robotic
systems for subsea applications. The company's products and
services include autonomous underwater vehicles, remotely operated
vehicles, electric robotic manipulators, a platform-agnostic
robotics operating system and engineering and prototype development
services. Nauticus targets commercial and defense markets,
including oil and gas, defense, offshore renewables, subsea
telecommunications, aquaculture, port security, oceanographic
research and subsea mining, with a primary focus on oil and gas and
defense. The company is based in Webster, Texas.

In an audit report dated April 15, 2026, WithumSmith+Brown PC
included a going concern qualification, citing Nauticus Robotics'
recurring net losses, negative operating cash flows, working
capital deficit and insufficient cash and cash equivalents to fund
operations for 12 months. Those conditions raised substantial doubt
about the company's ability to continue as a going concern.

As of March 31, 2026, the company had $40.21 million in total
assets, $35.96 million in total liabilities, and $4.25 million in
total stockholders' equity.


NB ELEMENT: Bankruptcy Case Venue Transferred to California
-----------------------------------------------------------
Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the
District of Delaware will grant the U.S. Trustee's motion to
transfer the bankruptcy case of NB Element, DTS to the U.S.
Bankruptcy Court for the Eastern District of California.

The debtor opposes the motion. Fannie Mae joins in the U.S.
Trustee's motion to transfer.

NB Element, DST, a Delaware statutory trust, is a single-asset real
estate entity.  Its sole asset is a student housing real estate
project located in Sacramento, California.  At the request of
Fannie Mae, the debtor's largest creditor, a California state court
placed the debtor into a receivership in September 2025.  The
debtor filed this bankruptcy case in April 2026.

The debtor argued that it was organized under Delaware law, and
that the case was likely to raise issues of Delaware law with which
a court sitting in Delaware was more likely to be familiar.

According to Judge Goldblatt, "While the debtor was organized under
Delaware law, the order appointing a receiver was issued by a state
court in California.  Whether that order stripped the debtor's
management of the authority to file for bankruptcy -- a question
that no party has yet raised here -- would turn not on Delaware law
but on the terms of the California state court order.  Nor did the
debtor identify any other issue of Delaware law that seemed
reasonably likely to be presented in this case.  Indeed, the
parties appear to agree that the principal questions that the court
presiding over this case will be required to address will be issues
of federal bankruptcy law.  The mere speculation that the case may
raise questions of Delaware law is an insufficient basis to
overcome the presumption in favor of transfer."

The Court sees no special circumstance weighing in favor of keeping
venue.  

The Court will therefore follow the usual practice in single-asset
real estate cases of transferring venue to the court for the
jurisdiction in which the asset is located.

The Court will accordingly enter an order transferring venue over
this case to the U.S. Bankruptcy Court for the Eastern District of
California.

A copy of the Court's Memorandum Opinion dated May 13, 2026, is
available at http://urlcurt.com/u?l=RmZRPAfrom PacerMonitor.com.

                      About NB Element, DTS

NB Element, DTS is a business entity that may operate in the
industrial, materials, or specialty manufacturing sector,
potentially focusing on advanced components or engineered
products.

NB Element sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del., Case No. 26-10502) on April 7, 2026.  In its
petition, the Debtor reported estimated assets of $50 million to
$100 million and estimated liabilities of $50 million to $$100
million.

The Debtor is represented by Jamie Lynne Edmonson, Esq., Robinson &
Cole LLP.


NEW CONSTELLIS: S&P Downgraded ICR to 'CCC', Outlook Negative
-------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on New
Constellis Borrower LLC to 'CCC' from 'CCC+'. The outlook is
negative.

At the same time, S&P lowered its issue-level rating on its
first-lien debt to 'CCC' from 'CCC+' and its second-lien debt to
'CC' from 'CCC-'. The respective '3' and '6' recovery ratings are
unchanged.

The negative outlook reflects S&P's expectation that credit ratios
in 2026 will be weaker than previously anticipated and that the
asset-based lending (ABL) revolver turns current in October 2026.

The downgrade of New Constellis reflects significant debt coming
due in 2027. Its $225 million ABL revolver matures Sept. 30, 2027.
With $154 million outstanding as of Dec. 31, 2025, the company
cannot operate without its availability. The $152 million
first-lien term loan comes due at the end of 2027 and $108 million
second-lien term loan at the end of 2028. S&P said, "While we
expect New Constellis to pursue a short-term amend-and-extend
option, we believe a long-term restructuring that doesn't
constitute a distressed exchange is no guarantee. We anticipate
that slower than anticipated earnings improvement may make
refinancing more challenging if progress does not accelerate this
year."

New Constellis' revenues will likely be lower than expected.
Changes in government spending priorities have constrained its top
line. Reduced U.S.-Mexico border access eliminated some of the
company's border protection work, and security service contracts in
Kuwait were largely replaced by the military. Cuts to United
Nations and NATO funding have hurt its mine removal contracts. At
the same time, several contracts that New Constellis was hoping to
reprice on renewal were simply extended at existing prices due to
recent government shutdowns. S&P doesn't expect it to replace these
losses with new contract wins until later in 2026, with revenue
declining 3%-5%.

Liquidity could be constrained as earnings and cash flow remain
weak. S&P said, "While we expect EBITDA margins in 2026 to be up
considerably from 2025, they will remain low in the 2.5%-3% range
because of lost contracts and additional investments needed to fund
future agreements. In particular, the Layered Extended Security
Operations (LEXSO) solution that could be a growth driver will
unlikely generate near-term cash flow. While New Constellis can
save cash by using a payment-in-kind interest option on some of its
debt and working capital should be less of a cash use in 2026, we
expect free cash flow between slightly negative and break-even for
the year."

S&P said, "The negative outlook reflects our view of a modest free
cash flow deficit in 2026 and that New Constellis faces several
debt maturities within the next two years.

"We could lower our rating on New Constellis if we believe there is
an increased likelihood of a debt exchange or restructuring that we
would view as distressed within six months. This could occur if
liquidity is further constrained by weaker than expected earnings
and cash flow.

"We could raise our rating on New Constellis if we believe it will
likely default on a maturity or interest payment and won't engage
in a debt exchange or restructuring that we would view as
distressed. This could occur if the company refinances its capital
structure and extends maturity dates while earnings increase."



NEW FORTRESS: Receives Nasdaq Minimum Bid Price Deficiency Notice
-----------------------------------------------------------------
New Fortress Energy Inc. announced in a regulatory filing that it
received written notice from the Listing Qualifications Department
of The Nasdaq Stock Market notifying that, based on the closing bid
price of the Company's Class A common stock, par value $0.01 per
share, for 30 consecutive trading days prior to May 1, 2026, the
Company no longer complies with the minimum bid price requirement
for continued listing on The Nasdaq Global Market. Nasdaq Listing
Rule 5450(a)(1) 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 Minimum Bid Price Requirement
exists if the deficiency continues for a period of 30 consecutive
trading days.

The Notice has no immediate effect on the listing of the Common
Stock on Nasdaq. Pursuant to the Nasdaq Listing Rules, the Company
has been provided an initial compliance period of 180 calendar days
to regain compliance with the Minimum Bid Price Requirement. To
regain compliance, the closing bid price of the Common Stock must
be at least $1.00 per share for a minimum of 10 consecutive trading
days prior to October 28, 2026, and the Company must otherwise
satisfy Nasdaq's requirements for continued listing. If the Company
does not regain compliance within the compliance period(s),
including any extensions that may be granted by Nasdaq, the Common
Stock will be subject to delisting.

The Company intends to actively monitor the closing bid price of
its Common Stock and evaluate all available options to regain
compliance with the applicable Nasdaq listing rules. To that end,
the Company intends to seek stockholder approval for the
implementation of a reverse split of the Company's outstanding
common stock. Although the Company is taking definitive steps to
regain compliance with the applicable rules, there can be no
assurance that the Company will be successful in its effort to
regain compliance with the Nasdaq listing rules.

                 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 December 31, 2025, the Company had $10.6 billion in total
assets, $10.2 billion in total liabilities, and $309.6 million in
total stockholders' equity.

On March 17, 2026, the Company entered into an RSA with certain
noteholders and lenders, and upon completion of the transactions
contemplated in this agreement, the Company will have a new capital
structure and the current debt facilities in default will no longer
be outstanding.

                           *     *     *

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.


NEW MEXICO TERMINAL: Hires Parr Consulting LLC as Tax Preparer
--------------------------------------------------------------
New Mexico Terminal Services LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Mexico to hire Parr
Consulting LLC to perform tax preparation services.

The firm will render these services:

     a. prepare and file tax returns, as needed;

     b. assist Debtor in responding to discovery requests and
claims; and

     c. provide consultation on an as needed basis.

The Debtor desires to employ Parr Consulting at $100 per hour for
services to be performed by Robert Massoth, plus costs, expenses
and applicable taxes.

Parr Consulting is a "disinterested person" within the meaning of
11 U.S.C. 101(14), according to court filings.

The firm can be reached through:

     Robert Massoth
     Parr Consulting LLC
     4517 Shiloh Pl Ne
     Albuquerque, NM 87111
     Phone: (505) 340-8375

        About New Mexico Terminal Services LLC

New Mexico Terminal Services LLC is classified as a single-asset
real estate entity under 11 U.S.C. Section 101(51B).

New Mexico Terminal Services LLC sought relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.M. Case No. 25-11291) on
October 16, 2025. In its petition, the Debtor reports estimated
assets between $10 million and $50 million and estimated
liabilities between $1 million and $10 million.

Honorable Bankruptcy Judge Robert H Jacobvitz handles the case.

The Debtor is represented by Victor Gerald Grafe III, Esq. of
VICTOR GRAFE LAW FIRM LLC.



NEXT GENERATION: Stephen Moriarty Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Region 14 appointed Stephen Moriarty, Esq., at
Fellers, Snider, Blankenship, Bailey & Tippens, P.C., as Subchapter
V trustee for Next Generation Roofing, LLC.

Mr. Moriarty will be paid an hourly fee of $595 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Moriarty declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Stephen J. Moriarty, Esq.
     Fellers, Snider, Blankenship, Bailey & Tippens, P.C.
     100 N. Broadway, Suite 1700
     Oklahoma City, OK 73102
     Telephone: (405) 232-0621
     Facsimile: (405) 232-9659
     Email: smoriarty@fellerssnider.com  

                 About Next Generation Roofing LLC

Next Generation Roofing, LLC provides roofing installation and
inspection services in Oklahoma City, Oklahoma, serving property
owners with roof assessments and related exterior-damage
evaluations. The company, led by Robert E. Baker, offers roofing
contractor services that include support for property inspections
and insurance-claim-related assessments.

Next Generation Roofing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Oklahoma Case No. 26-11534) on May 6,
2026.

At the time of the filing, the Debtor had estimated assets of
between $1,000,001 and $10 million and liabilities of between
$1,000,001 and $10 million.

Judge Janice D Loyd oversees the case.

Hammond Law Firm is the Debtor's proposed legal counsel.


NOR-WES INC: Seeks to Hire Chad M. Garland CPA LLC as Accountant
----------------------------------------------------------------
Nor-Wes, Inc., seeks approval from the U.S. Bankruptcy Court for
the Western District of Louisiana to employ Chad M. Garland CPA,
LLC as accountant.

The firm's services include:

      a. assistance in auditing services, including the examination
of financial statements of Debtor’s affiliates;

      b. assistance in preparation of accounting statements;
assistance in preparation of monthly accountings to the Bankruptcy
Court; assistance in preparation of cash flow forecast;

      c. assistance in preparation of a plan or plans of
reorganization;

      d. preparation of tax returns;

      e. assistance in the preparation of bankruptcy schedules,
statements of financial affairs, and any other filings required in
this case, and all other accounting services that the
Debtor-in-Possession may require.

The firm will charge $325 per hour for accounting related matters
and $325 per hour for bankruptcy related matters.

As disclosed in the court filings, Chad M. Garland CPA, LLC has no
interest adverse to the Debtor or the estate of the Debtor in the
matters upon which it is to be engaged.

The firm can be reached through:

     Chad M. Garland, CPA
     Chad M. Garland CPA, LLC
     900 Pierremont Road, Suite 120
     Shreveport, LA 71106
     Phone: (318) 220-4416
     Email: cgarland@chadgarlandcpa.com

          About Nor-Wes Inc.

Nor-Wes, Inc., based in Shreveport, Louisiana, provides aerial
application and aviation services for the agricultural sector,
including crop dusting, and operates aircraft maintenance and
management across several U.S. states for commercial agricultural
customers.

Nor-Wes, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. Case No. 25-11534) on December 19, 2025. In its
petition, the Debtor reports estimated assets between $10 million
and $50 million and estimated liabilities between $1 million and
$10 million.

Honorable Bankruptcy Judge John S. Hodge handles the case.

The Debtor is represented by Robert W. Raley, Esq.


NORTH AMERICAN CONSTRUCTION: S&P Affirms 'BB-' Long-Term ICR
------------------------------------------------------------
S&P Global Ratings revised its outlook on Edmonton, Alberta-based
North American Construction Group Ltd. (NACG) to negative from
stable.

At the same time, S&P affirmed their 'BB-' long-term issuer credit
rating (ICR) on the company and our 'BB-' issue-level rating on the
company unsecured debt.

The negative outlook reflects our expectation leverage will remain
near 3x this year, leaving less capacity for NACG to generate lower
earnings or higher debt levels against our estimates before we
lower the rating.

NACG's margins are trending 400-450 basis points lower than S&P had
expected this time last year, stemming primarily from competitive
pressures and higher operating costs in Alberta and lower
utilization in Australia due to heavy rainfall.

Lower margins combined with higher debt to fund growth in Australia
has contributed to adjusted debt to EBITDA near our 3x downside
threshold for the rating, thereby increasing the possibility of a
downgrade.

NACG entered 2026 with higher-than-expected leverage driven by
lower margins and elevated debt. S&P said, "NACG's leverage was
3.2x in 2025, which is more than half a turn higher than our
previous expectation. In our view, this was due in large part to
lower margins and higher debt to fund the company's growth in
Australia. The Canadian business has experienced more competitive
pressure than we had anticipated a year ago, contributing to lower
revenue from reduced scope and pricing for NACG's services."

S&P said, "Pro forma the acquisition of Iron Mine Contracting (IMC)
in Australia for C$125 million that closed in April 2026, we
estimate Canada now represents about 20%-25% of NACG's consolidated
gross profit, down from about 30%-35% in 2024. This, combined with
lower margins in Australia from heavy rainfall and lower equipment
utilization, has led us to revise our EBITDA margin assumptions for
the company to 25%-26% over the next few years, down 400-450 basis
points from a year ago. Furthermore, we now expect NACG's adjusted
debt to remain near C$1 billion over the next couple of years due
in part to recent investments the company has made to expand its
footprint in Australia and service large new projects in the
region.

"We expect leverage to improve to the mid-2x area by 2028, from
low- to mid-single-digit percent revenue growth and flat to
modestly higher EBITDA margins. We believe this will lead to
adjusted EBITDA of C$365 million to C$380 million in 2026 and 2027,
from about C$330 million in 2025, as the company executes its large
contract backlog in Australia. We also assume the company will
generate annual free operating cash flow (FOCF) of at least $100
million, of which a portion would go toward debt reduction.
Supporting our forecast of higher FOCF is NACG's lower capital
expenditure (capex) requirement following a few years of elevated
capex in response to large contract awards for MacKellar in
Australia.

"Notwithstanding the improvement of credit measures in our
forecast, our negative outlook incorporates the magnitude of
underperformance against our estimates since last year along with
leverage currently near our 3x downside trigger. We also
incorporate downside risk to our assumptions stemming from slower
macroeconomic growth, project execution risk in its relatively new
contracts in Australia, and integration risk for IMC. That said, we
acknowledge the company's variable cost structure and cost-cutting
initiatives, which could mitigate some of these headwinds.

"Our rating on NACG continues to incorporate its exposure to
cyclical and volatile commodity prices and significant customer
concentration. Most of the company's services are offered to
producers in the Canadian oil sands, metallurgical and thermal coal
mine operators in Queensland, Australia, and iron ore mine
operators in Western Australia. Cyclical downturns could reduce
production volumes of its key customers and contribute to lower
demand, revenue, and earnings from the services NACG providers.
Furthermore, we expect the concentration of the company's customer
base to remain high based on its four largest customers accounting
for over 60% of its revenue, thereby exposing the company to
potentially lower demand or contracted margins from one of these
key customers, including from reduced volumes or a decision not to
renew its contract with NACG. Nevertheless, we consider most of
these customers (including customers of IMC) to be large producers,
with reserve lives at the mine's NACG services that extend well
beyond five years.

"The negative outlook reflects our expectation for leverage to
remain near 3x this year following meaningfully weaker results than
we had anticipated in the Canadian oil sands, lower margins in its
Australia business, and higher debt to fund growth initiatives. As
a result, we think NACG has less capacity within the next 12 months
to generate lower earnings or higher debt levels against our
estimates before we lower the rating.

"We could downgrade NACG within the next 12 months if we expect
adjusted debt to EBITDA to be sustained above 3x. This could occur
in the event of a prolonged downturn in commodity markets, leading
to weaker demand for the company's services, or if competitive
pressures or operating disruptions contribute to lower sustained
margins or less business with a key customer. This could also occur
if the company pursues a large debt-financed acquisition or
distribution.

"We could revise our outlook to stable within the next 12 months if
credit measures trend in-line with or better than we expect,
including adjusted debt to EBITDA below 3x. In this scenario, the
company would likely generate modest organic revenue growth,
steady-to-improving adjusted EBITDA margins, and higher FOCF to
facilitate debt reduction."



NUSSBAUM LOWINGER: Chapter 11 Trustee Appointment Sought
--------------------------------------------------------
William Harrington, the U.S. Trustee for Region 2, asked the U.S.
Bankruptcy Court for the Southern District of New York to appoint a
Chapter 11 trustee in Nussbaum Lowinger, LLP and affiliates'
bankruptcy cases.

In a court filing, the U.S. trustee raised the need to appoint an
independent trustee to manage the case, citing that Mark Nussbaum,
the sole partner at Nussbaum Lowinger and the sole member of Mark
J. Nussbaum & Associates, PLLC, was indicted on charges including
larceny and fraud.

The U.S. trustee contended that the Debtors' sole member and sole
partner has been indicted for very serious offenses including grand
larceny and fraud. The charged crimes are directly related to the
operations of each of the Debtors, with large sums being
transferred from the Debtors' respective operating accounts and
IOLA accounts. For these reasons, the U.S. trustee has moved for
the appointment of a Chapter 11 trustee under either section
1104(a)(1) or (a)(2).

Mr. Harrington noted that Mr. Nussbaum is both the PLLC's sole
member and the partnership's sole partner; in other words, he
exclusively managed both Debtors. Mr. Nussbaum has been indicted
for grand larceny and scheme to defraud arising from the alleged
theft of funds from the Debtors' IOLA and escrow accounts. Section
1104(a)(1) expressly provides that qualifying misconduct may occur
"before or after the commencement of the case."

The U.S. trustee argued that Mr. Nussbaum is, respectively, the
sole member and sole partner of the Debtors. At a minimum, it would
create the appearance of impropriety for Mr. Nussbaum to
participate in selecting the very corporate restructuring officer
who would be charged with marshaling estate assets and potentially
pursuing claims against Mr. Nussbaum arising from alleged
fraudulent transfers of estate funds.

Moreover, a CRO remains an officer of the corporation, not an
independent fiduciary vested with the full authority of a Chapter
11 trustee. Thus, the proposed structure would require the CRO to
report to and operate under the authority of the very individual
who has been indicted on serious charges directly related to funds
allegedly transferred from the Debtors' control. At the very least,
such an arrangement creates a substantial appearance of
impropriety.

A court hearing is set for May 29.

A copy of the motion is available for free at
https://urlcurt.com/u?l=sx1GHV from PacerMonitor.com.

     About Nussbaum Lowinger LLP

Nussbaum Lowinger LLP is a professional services firm operating as
a limited liability partnership, typically engaged in legal
advisory and related services for corporate and institutional
clients.

Nussbaum Lowinger LLP sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-22383) on April 16, 2026. In
its petition, the Debtor reports estimated assets of
$10MM–$50MM and estimated liabilities of
$100MM–$500MM.

Honorable Bankruptcy Judge Sean H. Lane handles the case.

The Debtor is represented by Jonathan L. Flaxer, Esq. of Spencer
Fane LLP.


OCUGEN INC: Raises $99.5M Net via $115M Convertible Note Offering
-----------------------------------------------------------------
Ocugen, Inc. announced in a regulatory filing that it completed its
previously announced private offering of $115 million aggregate
principal amount of 6.75% Convertible Senior Notes due 2034. The
notes were issued pursuant to an indenture, dated May 7, 2026,
between the Company and U.S. Bank Trust Company, National
Association, as trustee.

The notes are general unsecured obligations of the Company and rank
senior in right of payment to all of its future indebtedness that
is expressly subordinated in right of payment to the notes, equal
in right of payment to all of its existing and future liabilities
that are not so subordinated, and junior to all of its secured
indebtedness, to the extent of the value of the assets securing
such indebtedness. The notes bear interest at a rate of 6.75% per
year. Interest is payable semi-annually in arrears on May 15 and
November 15 of each year, beginning on November 15, 2026. The notes
mature on May 15, 2034, unless earlier repurchased, redeemed or
converted.

The notes may not be converted prior to the earlier of:

     (i) May 15, 2027 and

    (ii) the "reserved share effective date" (as defined in the
Indenture) (such earlier date, the "conversion limit end date").

On or after the conversion limit end date, the notes are
convertible at the option of the holders at any time prior to the
close of business on the second scheduled trading day immediately
preceding the maturity date, as described below. Upon conversion,
the Company will pay or deliver, as the case may be, cash, shares
of the Company's common stock, par value $0.01 per share, or a
combination of cash and shares of common stock, at the Company's
election, in the manner and subject to the terms and conditions
provided in the Indenture, and, in the case of shares of common
stock, subject to application of the Exchange Cap, if applicable;
provided that unless and until the reserved share effective date
occurs, the Company will settle conversion of notes solely with
cash.

Additionally, until stockholder approval for the issuance of common
stock pursuant to a conversion of the notes is obtained, the
maximum number of common stock that the Company can issue pursuant
to any conversion of notes by physical settlement will be
67,629,947 shares of common stock to comply with Nasdaq Rule
5635(d). The indenture will require that any conversion of notes be
settled by cash settlement if settlement by the issuance of common
stock would otherwise violate Nasdaq Rule 5635(d).

The conversion rate of the notes will initially be 372.7866 shares
of common stock per $1,000 principal amount of notes, which is
equivalent to an initial conversion price of approximately $2.68
per share of common stock. The initial conversion price of the
notes represents a premium of approximately 45% over the last
reported sale price of $1.85 per share of common stock on The
Nasdaq Capital Market on May 4, 2026. The conversion rate for the
notes is subject to adjustment under certain circumstances in
accordance with the terms of the Indenture. In addition, following
certain corporate events that occur prior to the maturity date or
if the Company delivers a notice of redemption in respect of the
notes, the Company will, in certain circumstances, increase the
conversion rate of the notes for a holder who elects to convert its
notes in connection with such a corporate event or convert its
notes called (or deemed called) for redemption during the related
redemption period (as defined in the Indenture), as the case may
be.

The Company may not redeem the notes prior to May 15, 2029. The
Company may redeem for cash all or any portion of the notes
(subject to certain limitations), at its option, on or after May
15, 2029 and prior to the 41st scheduled trading day immediately
preceding the maturity date, if the last reported sale price of the
common stock has been at least 130% of the conversion price for the
notes then in effect for at least 20 trading days (whether or not
consecutive) during any 30 consecutive trading day period
(including the last trading day of such period) ending on, and
including, the trading day immediately preceding the date on which
the Company provides notice of redemption at a redemption price
equal to 100% of the principal amount of the notes to be redeemed,
plus accrued and unpaid interest to, but excluding, the redemption
date. However, the Company may not redeem less than all of the
outstanding notes unless at least $25 million aggregate principal
amount of notes are outstanding and not called for redemption as of
the time we send the related notice of redemption (and after giving
effect to the delivery of such notice of redemption).

Holders of notes may require the Company to repurchase for cash all
or any portion of their notes on May 15, 2032 at a repurchase price
equal to 100% of the principal amount of notes to be repurchased,
plus accrued and unpaid interest to, but excluding, May 15, 2032.
In addition, if the Company undergoes a fundamental change (as
defined in the Indenture), then, subject to certain conditions and
except as set forth in the Indenture, holders may require the
Company to repurchase for cash all or any portion of their notes at
a repurchase price equal to 100% of the principal amount of the
notes to be repurchased, plus accrued and unpaid interest to, but
excluding, the fundamental change repurchase date.

The Indenture includes customary covenants and sets forth certain
events of default after which the notes may be declared immediately
due and payable and sets forth certain types of bankruptcy or
insolvency events of default involving the Company after which the
notes become automatically due and payable. The following events
are considered "events of default" under the Indenture:

     * default in any payment of interest on any note when due and
payable and the default continues for a period of 30 days;

     * default in the payment of principal of any note when due and
payable at its stated maturity, upon optional redemption, upon any
required repurchase, upon declaration of acceleration or
otherwise;

     * failure by the Company to comply with its obligation to
convert the notes in accordance with the Indenture upon exercise of
a holder's conversion right and such failure continues for five
business days;

     * failure by the Company to give:

     (i) a fundamental change notice or notice of a make-whole
fundamental change (each as described in the Indenture), in either
case when due and such failure continues for five business days,
or

    (ii) notice of a specified distribution (as described in the
Indenture) when due and such failure continues for one business
day;

     * failure by the Company to comply with its obligations in
respect of any consolidation, merger or sale of assets;

     * failure by the Company to comply with any of the Company's
other agreements in the notes or the Indenture for 60 days after
receipt of written notice of such failure from the trustee or the
holders of at least 25% in principal amount of the notes then
outstanding;

     * default by the Company or any of its significant
subsidiaries (as defined in the Indenture) with respect to any
mortgage, agreement or other instrument under which there may be
outstanding, or by which there may be secured or evidenced, any
indebtedness for money borrowed with a principal amount in excess
of $10 million (or its foreign currency equivalent) in the
aggregate of the Company and/or any such significant subsidiary,
whether such indebtedness now exists or shall hereafter be
created:

     (i) resulting in such indebtedness becoming or being declared
due and payable prior to its stated maturity date or

    (ii) constituting a failure to pay the principal of any such
indebtedness when due and payable (after the expiration of all
applicable grace periods) at its stated maturity, upon required
repurchase, upon declaration of acceleration or otherwise, and in
the cases of clauses (i) and (ii), such acceleration shall not have
been rescinded or annulled or such failure to pay or default shall
not have been cured or waived, or such indebtedness is not paid or
discharged, as the case may be, within 30 days after written notice
to the Company by the trustee or to the Company and the trustee by
holders of at least 25% in aggregate principal amount of the notes
then outstanding in accordance with the Indenture; and

     * certain events of bankruptcy, insolvency or reorganization
of the Company or any of the Company's significant subsidiaries.

In case of certain bankruptcy and insolvency-related events of
default with respect to the Company, the principal of, and accrued
and unpaid interest on, all of the then outstanding notes shall
automatically become due and payable. If an event of default, other
than certain bankruptcy and insolvency-related events of default
with respect to the Company, occurs and is continuing, the trustee,
by written notice to the Company, or the holders of at least 25% in
principal amount of the outstanding notes by written notice to the
Company and the trustee, may, declare 100% of the principal of, and
accrued and unpaid interest on, all the outstanding notes to be due
and payable.

Notwithstanding the foregoing, the Indenture provides that, to the
extent the Company so elects, the sole remedy for an event of
default relating to the failure by the Company to comply with
certain reporting covenants in the Indenture will, for the first
365 days after the occurrence of such an event of default, consist
exclusively of the right to receive additional interest on the
notes at a rate equal to 0.25% per annum of the principal amount of
the notes outstanding for each day that such event of default is
continuing during the first 180 days after the occurrence of such
an event of default and 0.50% per annum of the principal amount of
the notes outstanding from the 181st day to, and including, the
365th day following the occurrence of such event of default, as
long as such event of default is continuing.

The Indenture provides that the Company shall not consolidate with
or merge with or into, or sell, convey, transfer or lease all or
substantially all of the consolidated properties and assets of the
Company and its subsidiaries, taken as a whole, to, another person
(other than any such sale, conveyance, transfer or lease to one or
more of the Company's direct or indirect wholly owned
subsidiaries), unless:

     (i) the resulting, surviving or transferee person (if not the
Company) is a "qualified successor entity" (as defined in the
Indenture) organized and existing under the laws of the United
States of America, any state thereof or the District of Columbia,
and such qualified successor entity (if not the Company) expressly
assumes by supplemental indenture all of the Company's obligations
under the notes and the Indenture; and

    (ii) immediately after giving effect to such transaction, no
default or event of default has occurred and is continuing under
the Indenture.

A copy of the Indenture is available at
https://tinyurl.com/3xajdmzs

Proceeds

The offering price of the notes was 90% of the principal amount of
notes. The Company's net proceeds from the offering were
approximately $99.5 million after deducting the initial purchaser's
discounts and commissions and the estimated offering expenses
payable by the Company. The Company used approximately $32.7
million of the net proceeds from the offering to fully repay the
outstanding principal amount, plus accrued and unpaid interest on,
the Loan and Security Agreement that the Company is party to with
Avenue Venture Opportunities Fund II, L.P. and Avenue Venture
Opportunities Fund, L.P. as lenders and Avenue Capital Management
II, L.P. as administrative agent and collateral agent, including
payment of the related prepayment fee and expenses, and terminate
the Avenue Loan Agreement and all related loan documents. The
Company intends to use the remaining net proceeds from the offering
for general corporate purposes.

After giving effect the issuance of the notes and the full
repayment and termination of the Avenue Loan Agreement, the Company
estimates that it would have had, on an as-adjusted basis, cash,
cash equivalents, and restricted cash of $99 million as of March
31, 2026.

                         About Ocugen Inc.

Malvern, Pa.-based Ocugen, Inc. is a biotechnology company focused
on discovering, developing, and commercializing novel gene and cell
therapies, biologics, and vaccines that improve health and offer
hope for patients across the globe.  The Company's technology
pipeline includes: Modifier Gene Therapy Platform, Novel Biologic
Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy
Platform, and Inhaled Mucosal Vaccine Platform.

PricewaterhouseCoopers LLP (the Company's independent registered
public accounting firm since 2024 and headquartered in
Philadelphia, Pennsylvania) included an explanatory paragraph in
its audit report attached to the Annual Report on Form 10-K for the
fiscal year ended December 31, 2025, expressing substantial doubt
about the Company's ability to continue as a going concern. The
auditor cited that the Company has incurred recurring net losses
since inception that raise the doubt of its ability to continue as
a going concern.

As of December 31, 2025, the Company had $43.5 million in total
assets, $55.7 million in total liabilities, and $12.2 million in
total stockholders' deficit.


OLENOX INDUSTRIES: Completes 1-for-10 Reverse Split of Common Stock
-------------------------------------------------------------------
Olenox Industries Inc. filed with the Secretary of State of the
State of Delaware a Certificate of Amendment to its Amended and
Restated Certificate of Incorporation on May 7, 2026. The Amendment
became effective as of 12:01 a.m. Eastern Time on May 8th.

Pursuant to the Amendment, the Company effected a one-for-ten
(1-for-10) reverse stock split of its issued and outstanding shares
of common stock, par value $0.01 per share. At the effective time
of the Reverse Stock Split, every 10 shares of the Company's issued
and outstanding common stock were automatically reclassified into
one share of common stock. No fractional shares were issued in
connection with the Reverse Stock Split. Instead, stockholders who
would otherwise be entitled to receive a fractional share received
the number of shares of common stock rounded up to the nearest
whole share.

A full text copy of the Certificate of Amendment is available at
https://tinyurl.com/382pfrmc

                        About Olenox Industries

Olenox Industries Inc. formerly Safe & Green Holdings Corp. is an
industrial holding company focused on acquiring, operating, and
scaling businesses that provide engineered solutions across
industrial, energy, and infrastructure markets. Through its
subsidiaries, including Giant Containers, the Company delivers
high-quality modular and containerized systems designed for rapid
deployment and long-term performance.

The Woodlands, Texas-based M&K CPAS, PLLC, the Company's former
auditor, issued a "going concern" qualification in its report dated
March 31, 2025, attached to the Company's Annual Report on Form
10-K for the year ended Dec. 31, 2024, citing that the Company has
incurred net losses since its inception, negative working capital,
and negative cash flows from operations, which raises substantial
doubt about its ability to continue as a going concern.

As of September 30, 2025, the Company had $54,105,678 in total
assets, $29,170,121 in total liabilities, and a total stockholders'
equity of $24,935,557.


ONE OFF ROD: Natasha Songonuga Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Natasha Songonuga,
Esq., at VTrustee, LLC as Subchapter V trustee for One Off Rod &
Custom, LLC.

Ms. Songonuga will be paid an hourly fee of $450 for her services
as Subchapter V trustee and an hourly fee of $240 for paralegal
services. In addition, the Subchapter V trustee will receive
reimbursement for work-related expenses incurred.

Ms. Songonuga declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Natasha Songonuga, Esq.
     VTrustee LLC
     PO Box 841
     Wilmington, DE 19899
     Email: Nsongonuga@VTrusteellc.com  

                   About One Off Rod & Custom LLC

One Off Rod & Custom, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10690) on May 6,
2026, with up to $50,000 in assets and liabilities.

Damien Nicholas Tancredi, Esq., at Flaster/Greenberg P.C.
represents the Debtor as legal counsel.


OPTIMUM COMMUNICATIONS: Debt Maturities Trigger Going Concern Doubt
-------------------------------------------------------------------
Optimum Communications, Inc. has filed its Quarterly Report on Form
10-Q with the U.S. Securities and Exchange Commission, reporting a
net loss of $2.9 billion for the three months ended March 31, 2026,
compared to a net loss of $71.3 million for the same period in the
prior year. Revenues for the three months ended March 31, 2026 were
$2.1 billion, compared to $2.2 billion in the prior-year period.

Liquidity and Capital Resources

Optimum Communications has no operations independent of its
subsidiaries. Funding for the Company's subsidiaries has generally
been provided by cash flow from their respective operations, cash
on hand and borrowings under the CSC Holdings revolving credit
facility and the proceeds from the issuance of securities and
borrowings under syndicated term loans in the capital markets. The
Company's decision as to the use of cash generated from operating
activities, cash on hand, borrowings under the revolving credit
facility or accessing the capital markets has been based upon an
ongoing review of the funding needs of the business, the optimal
allocation of cash resources, the timing of cash flow generation
and the cost of borrowing under the revolving credit facility, debt
securities, and syndicated term loans.

The Company expects to utilize Free Cash Flow and availability
under the CSC Holdings revolving credit facility, as well as future
refinancing transactions, to further extend the maturities of, or
reduce the principal on, its debt obligations. The timing and terms
of any refinancing transactions will be subject to, among other
factors, market conditions. Additionally, the Company may, from
time to time, depending on market conditions and other factors, use
cash on hand and the proceeds from other borrowings to repay the
outstanding debt through open market purchases, privately
negotiated purchases, tender offers, exchange offers or
redemptions, or engage in similar transactions.

The Company believes existing cash balances, operating cash flows
and availability under the CSC Holdings revolving credit facility
will provide adequate funds to support its current operating plan
and make planned capital expenditures for the next 12 months.
However, the Company must refinance or restructure its debt, or
raise additional capital sufficient to satisfy its debt maturities
in April 2027. The Company's ability to refinance its debt or
access the capital markets is subject to prevailing economic
conditions and to financial, business and other factors, some of
which are beyond its control. Competition, market disruptions or a
deterioration in economic conditions could lead to lower demand for
the Company's products, as well as lower levels of advertising, and
increased incidence of customers' inability to pay for the services
the Company provides. These events would adversely impact the
Company's results of operations, cash flows and financial position.
Although the Company currently believes amounts available under the
CSC Holdings revolving credit facility will be available in
accordance with its terms, the Company can provide no assurance
that access to such funds will not be impacted by adverse
conditions in the financial markets or other conditions beyond its
control. The obligations of the financial institutions under the
revolving credit facility are several and not joint and, as a
result, a funding default by one or more institutions does not need
to be made up by the others.

In the longer term, the Company may not be able to generate
sufficient cash from operations to fund anticipated capital
expenditures, meet all existing future contractual payment
obligations and repay its debt at maturity. As a result, the
Company could be dependent upon its continued access to the capital
and credit markets to issue additional debt or equity or refinance
existing debt obligations. The Company intends to raise significant
amounts of funding over the next several years to fund capital
expenditures, repay existing obligations and meet other
obligations, and the failure to do so successfully could adversely
affect its business, financial condition, liquidity, and results of
operations. If the Company is unable to do so, it will need to take
other actions including deferring capital expenditures, selling
assets, seeking strategic investments from third parties or
reducing discretionary uses of cash.

As reflected on the consolidated financial statements, as of March
31, 2026, the Company had cash and cash equivalents of $1,048,634,
and had principal amounts of debt of $4,130,000 maturing in April
2027 and $2,125,000 maturing in July 2027. The Company's ability to
address these maturities depends on its ability to successfully
refinance, restructure or otherwise extend such indebtedness or to
raise additional capital to repay the indebtedness.

Because the Company does not currently have committed financing or
cash and cash equivalents combined with projected future cash flows
sufficient to satisfy its debt maturities arising within the next
12 months, substantial doubt exists about the Company's ability to
continue as a going concern within one year after the date these
consolidated financial statements are issued. While management is
pursuing efforts to refinance or restructure the Company's debt, or
to raise additional capital sufficient to satisfy these debt
maturities, there is no assurance these efforts will be
successful.

The Company's ability to address its future debt obligations will
depend on its ability to refinance, restructure or otherwise extend
the maturities of such indebtedness or to raise additional capital.
While the Company is pursuing efforts in respect of these
alternatives, there can be no assurance that the Company will be
successful in obtaining such financing or completing a transaction
on acceptable terms, on a timely basis or at all. Further, if the
Company is unable to successfully raise additional capital,
negotiate with debt holders to refinance, restructure or extend the
maturities of its indebtedness, or otherwise secure adequate
sources of liquidity, the Company may be forced to delay, curtail
or discontinue certain operations or strategic initiatives.

The presence of this uncertainty surrounding the Company's ability
to continue as a going concern may also adversely impact the price
of its securities, harm its current, future and potential
relationships with suppliers, vendors, customers, employees and
creditors, and may limit the Company's ability to access additional
financing on acceptable terms or at all. There can be no assurance
that management's plans to mitigate these risks will be successful.
If the Company is unable to secure adequate liquidity on an
acceptable timeline or at all, it may not be able to continue as a
going concern, which could result in a total loss of your
investment. In addition, as the Company's cash and cash equivalents
balance declines, the risks described above may continue, increase
or accelerate at any time and with or without notice. The Company
cannot guarantee the timing or outcome of any resolution and any
resolution it may negotiate may materially adversely impact its
business, financial condition and operations.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/bdf848ss

              About Optimum Communications

Optimum Communications, Inc. (NYSE: OPTU) is one of the largest
broadband communications and video services providers in the United
States, delivering broadband, video, mobile, proprietary content
and advertising services to approximately 4.3 million residential
and business customers across 21 states through its Optimum brand.
It operates Optimum Media, an advanced advertising and data
business, which provides audience-based, multiscreen advertising
solutions to local, regional and national businesses and
advertising clients. It also operates News 12, which is focused on
delivering best-in-class hyperlocal news content.

As of March 31, 2026, the Company had $27.9 billion in total
assets, $33 billion in total liabilities, and $5.2 million in total
stockholders' deficiency.


ORIGINCLEAR INC: Names Interim CEO After Death of Riggs Eckelberry
------------------------------------------------------------------
Chief Financial Officer and board member Cory Mertes will serve as
interim chief executive officer following the death of Riggs
Eckelberry, OriginClear Inc.'s chief executive officer and
chairman, according to an SEC filing.

The company said its board is taking actions to address
obligations, protect shareholders and preserve value. Those steps
include consolidation of the company's equity capitalization,
conversion of debt and preferred equity, liquidation of certain
assets and positioning the company for investment or acquisition.

OriginClear also disclosed it is working with counsel to transition
shareholders into more direct ownership of Water on Demand Inc.,
an affiliated company.

                       About OriginClear

OriginClear Inc. operates through businesses focused on
water-treatment technology, engineered water systems and water
self-sustainability services. Its Progressive Water Treatment unit
designs, builds and services industrial water-treatment systems for
municipal, industrial and pure-water applications, including
reverse osmosis, ultrafiltration, media filtration, disinfection,
water softening, ion exchange and control systems. Its Water On
Demand subsidiary is a development-stage business focused on
pay-by-gallon and flat-fee water-treatment service models in which
systems may be designed, built, owned and operated for customers.
OriginClear is based in Clearwater, Florida.

In an audit report dated April 10, 2026, M&K CPAS PLLC included a
going concern qualification, citing OriginClear's net loss from
operations and cash used in operations. Those conditions raised
substantial doubt about the company's ability to continue as a
going concern.

As of Dec. 31, 2025, the company reported total assets of $5.75
million, total liabilities of $26.71 million and total
shareholders' deficit of $28.38 million.


ORION ADVISOR: $150MM Loan Add-on No Impact on Moody's 'B3' CFR
---------------------------------------------------------------
Moody's Ratings said that Orion Advisor Solutions, Inc.'s (Orion)
ratings, including the B3 corporate family rating, and stable
outlook are unaffected by the company's proposed $150 million
fungible add-on to its senior secured first lien term loan B
currently rated B3.

Net proceeds from the incremental debt will be used to redeem $114
million of preferred equity and repay $35 million of the second
lien term loan. Moody's view sthe transaction as credit negative
because it will increase Orion's leverage to around 8.0x from 7.4x
debt/EBITDA for the last twelve months ended March 31, 2026.
Orion's B3 CFR remains constrained by the company's very high
leverage and Moody's expectations for shareholder-friendly
financial policies. Following this transaction, a modest but
smaller amount of preferred stock will remain outstanding, creating
an overhang on Orion's credit profile.

Orion, owned principally by TA and Genstar, provides software
solutions and other services to wealth/asset managers in the US
market.


PANADERIA RICA: Carlos Garcia Miranda Named Subchapter V Trustee
----------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Carlos Garcia Miranda as
Subchapter V trustee for Panaderia Rica Dona Inc.

Mr. Garcia Miranda will be paid an hourly fee of $150 for his
services as Subchapter V trustee and will be reimbursed for work
related expenses incurred.

Mr. Garcia Miranda declared that he is a disinterested person
according to Section 101(14) of the Bankruptcy Code.

                  About Panaderia Rica Dona Inc.

Panaderia Rica Dona Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Puerto Rico Case No. 26-02074) on May 6,
2026. At the time of the filing, Debtor had estimated assets of
between $50,001 and $100,000 and liabilities of between $500,001
and $1 million.

Homel Antonio Mercado Justiniano, Esq., is the Debtor's legal
counsel.


PARKERVISION INC: Q1 Net Loss Cuts to $1.6M, Going Concern Persists
-------------------------------------------------------------------
ParkerVision, Inc. has filed its Quarterly Report on Form 10-Q with
the U.S. Securities and Exchange Commission, reporting a net loss
of $1.6 million for the three months ended March 31, 2026, compared
to a net loss of $3.8 million for the same period in the prior
year. The Company reported no licensing revenue for the three
months ended March 31, 2026 and 2025.

Liquidity and Capital Resources

The Company used cash for operations of approximately $0.9 million
and $1.8 million for the three months ended March 31, 2026 and
2025, respectively. The decrease in cash used for operations from
2025 to 2026 is primarily due to accrued bonuses paid in and
increases in legal, accounting and other third-party professional
fees for services during the three months ended March 31, 2025.

At March 31, 2026, the Company had cash and cash equivalents of
approximately $3.4 million and an accumulated deficit of $457.2
million. Working capital at March 31, 2026, was $1.7 million, a
decrease of approximately $0.5 million from working capital at
December 31, 2025. Current liabilities at March 31, 2026 include
$0.9 million in convertible debt that matures over the next 12
months if not extended by one year at the holder's option in
accordance with the terms of the note. The timing and amount of
proceeds, if any, from the Company's patent enforcement actions are
difficult to predict. Furthermore, a significant amount of future
proceeds that the Company may receive from its patent enforcement
and licensing programs will be utilized to repay borrowings and
legal fees and expenses under its contingent funding arrangements.
These circumstances raise substantial doubt about the Company's
ability to continue to operate as a going concern for a period of
one year following the issue date of these unaudited condensed
consolidated financial statements.

The Company's convertible notes have conversion prices that are
below the market price of its common stock as of March 31, 2026.
The Company anticipates that all of its outstanding convertible
notes will either:

     (i) be converted by the holders prior to their scheduled
maturity dates, or

    (ii) have their maturity dates automatically extended as
provided under the terms of certain agreements; however, conversion
and/or extension is at the option of the holders and there can be
no assurance with respect to the holders' behavior. Even with the
anticipated conversions or extensions of its convertible debt, the
Company's current capital resources are not sufficient to meet its
liquidity needs for the next 12 months and the Company may be
required to seek additional capital.

The Company's ability to meet its liquidity needs for the next 12
months is dependent upon:

     (i) its ability to successfully negotiate licensing agreements
and/or settlements relating to the use of its technologies by
others in excess of its contingent payment obligations,

    (ii) its ability to control operating costs,

   (iii) the behavior of its convertible note holders, and/or

    (iv) its ability to obtain additional debt or equity financing.
The Company expects that proceeds received by it from patent
enforcement actions and technology licenses over the next 12 months
may not alone be sufficient to cover its working capital
requirements.

The Company expects to continue to invest in the support of its
patent licensing and enforcement program. The long-term
continuation of its business plan is dependent upon the generation
of sufficient cash flows from its technologies and/or products to
offset expenses and debt obligations. In the event that the Company
does not generate sufficient cash flows, it will be required to
obtain additional funding through public or private debt or equity
financing or contingent fee arrangements and/or reduce operating
costs. Failure to generate sufficient cash flows, raise additional
capital through debt or equity financings or contingent fee
arrangements, and/or reduce operating costs will have a material
adverse effect on the Company's ability to meet its long-term
liquidity needs and achieve its intended long-term business
objectives.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/mut2dw99

                         About ParkerVision

Jacksonville, Fla.-based ParkerVision, Inc., and its wholly-owned
German subsidiary, ParkerVision GmbH is in the business of
innovating fundamental wireless hardware technologies and products.
The Company has designed and developed proprietary RF technologies
and integrated circuits based on those technologies, and the
Company licenses its technologies to others for use in wireless
communication products.

Atlanta, Georgia-based Frazier & Deeter, LLC, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated March 23, 2026, attached to the Company's Annual Report on
Form 10-K for the year ended December 31, 2024, citing that the
Company has losses from operations, negative operating cash flows
and an accumulated deficit. These factors raise substantial doubt
about the Company's ability to continue as a going concern.

As of March 31, 2026, the Company had $4.5 million in total assets,
$50 million in total liabilities, and $45.5 million in total
shareholders' deficit.


PETVET CARE: New Mountain Marks $27.9M 1L Loan at 14% Off
---------------------------------------------------------
New Mountain Finance Corp. has marked its $27,790,000 loan extended
to PetVet Care Centers, LLC to market at $23,861,000 or 86% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to PetVet Care Centers, LLC. The 2L Loan accrues interest
at a rate of SOFR(M) 6.00% 9.67% per annum. The 2L Loan matures on
November 2030.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About PetVet Care Centers, LLC

PetVet Care Centers, LLC provides veterinary healthcare services.
The Company operates general, specialty, emergency, and equine
hospitals, offers business support for veterinary practices, and
promotes career development for professionals.



PETVET CARE: New Mountain Marks $742,000 1L Loan at 14% Off
-----------------------------------------------------------
New Mountain Finance Corp. has marked its $742,000 loan extended to
PetVet Care Centers, LLC to market at $637,000 or 86% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to PetVet Care Centers, LLC. The Loan accrues interest at
a rate of SOFR(M) 6.00% 9.67% per annum. The Loan matures on
November 2030.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About PetVet Care Centers, LLC

PetVet Care Centers, LLC provides veterinary healthcare services.
The Company operates general, specialty, emergency, and equine
hospitals, offers business support for veterinary practices, and
promotes career development for professionals.


PLANVIEW PARENT: New Mountain Marks $3.7MM 1L Loan at 25% Off
-------------------------------------------------------------
New Mountain Finance Corp has marked its $3,764,000 loan extended
to Planview Parent, Inc. to market at $2,835,000 or 75% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the quarter ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission on May 4, 2026.

New Mountain Finance Corp is a participant in a first lien loan
extended to Planview Parent, Inc. The 1L Loan accrues interest at a
rate of SOFR(Q) 3.50% 7.20% per annum. The 1L Loan matures on
December 2027.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

               About Planview Parent, Inc.

Planview Parent, Inc. is a software company that provides
enterprise software solutions focused on project, portfolio and
resource management.


PLANVIEW PARENT: New Mountain Marks $9.2MM 2L Loan at 33% Off
-------------------------------------------------------------
New Mountain Finance Corp has marked its $9,231,000 loan extended
to Planview Parent, Inc. to market at $6,150,000 or 67% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the quarter ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission on May 4, 2026.

New Mountain Finance Corp is a participant in a second lien loan
extended to Planview Parent, Inc. The 2L Loan accrues interest at a
rate of SOFR(Q) 5.75% 9.45% per annum. The 2L Loan matures on
December 2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

               About Planview Parent, Inc.

Planview Parent, Inc. is a software company that develops project
portfolio and work management platforms for enterprises.


PLATES RESTAURANT: 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 The Plates
Restaurant, 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 The Plates Restaurant LLC

The Plates Restaurant, LLC, doing business as Asher & Rose Grocer,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D. Ga. Case No. 26-56170) on May 07, 2026, with $100,001
to $500,000 in assets and $500,001 to $1 million in liabilities.

William A. Rountree, Esq., at Rountree Leitman Klein & Geer, LLC
represents the Debtor as legal counsel.


PLUMBING NERDS: Daniel Etlinger Named Subchapter V Trustee
----------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Daniel Etlinger of
Underwood Murray, P.A. as Subchapter V trustee for Plumbing Nerds,
LLC.

Mr. Etlinger will be paid an hourly fee of $350 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Etlinger declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Daniel E. Etlinger
     Underwood Murray, P.A.
     100 N. Tampa Street, Suite 2325
     Tampa Florida 33602
     (813) 540-8401
     Email: detlinger@underwoodmurray.com

                      About Plumbing Nerds LLC

Plumbing Nerds, LLC is a Florida-based plumbing and contracting
services company providing residential and commercial plumbing
solutions.

Plumbing Nerds, LLC sought relief under Subchapter V of Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-01055) on May 4,
2026. In its petition, the Debtor reported estimated assets of
between $100,001 and $1 million and estimated liabilities of
between $1 million and $10 million.

Honorable Bankruptcy Judge Luis Ernesto Rivera II handles the
case.

The Debtor is represented by Michael R. Dal Lago, Esq.


POLAR POWER: Gets Nasdaq Letter Over $144,000 Equity
----------------------------------------------------
Polar Power, Inc., received a Nasdaq staff letter on May 1 saying
it was not in compliance with continued listing standards,
according to a Form 8-K filing with the SEC.

The company said Nasdaq cited Listing Rule 5550(b)(1) after Polar
reported $144,000 in stockholders' equity as of Dec. 31, 2025, in
its annual report. The rule requires at least $2.5 million in
stockholders' equity or compliance with an alternative listing
standard, neither of which the company said it currently meets.

Polar said it has 45 days to submit a plan to regain compliance. If
Nasdaq accepts the plan, the company would have 180 days from the
letter date to regain compliance; otherwise, Nasdaq would begin
delisting procedures that Polar could appeal.

The company said the letter has no immediate effect on the listing
or trading of its common stock, which will continue to trade on
Nasdaq under the symbol POLA. Polar also said it believes its
stockholders' equity as of March 31, 2026, will be substantially
greater than at year-end 2025, based on preliminary internal
financial results.

                         About Polar Power

Polar Power, Inc. designs, manufactures and sells direct-current
power systems that supply energy for off-grid, bad-grid,
backup-power, electric-vehicle charging and nano-grid applications.
Its products integrate DC generators, proprietary electronic
controls, lithium batteries and solar photovoltaic technologies.
The company sells primarily into telecommunications markets and
also serves defense, automotive, marine and industrial markets.

In an audit report dated April 15, 2026, Weinberg & Company, P.A.,
included a going concern qualification, stating that the company
incurred a net loss and negative operating cash flows during the
year ended Dec. 31, 2025.  The conditions raised substantial doubt
about the company's ability to continue as a going concern.

As of Dec. 31, 2025, the company reported total assets of $10.44
million, total liabilities of $10.29 million and total
stockholders' equity of $144,000.


POLAR POWER: Receives Nasdaq Equity Deficiency Notice
-----------------------------------------------------
Polar Power, Inc. announced in a regulatory filing that it received
a letter from the staff of the Nasdaq Stock Market stating that
Polar Power was not in compliance with Nasdaq's continued listing
standards under the Rules of the Nasdaq Stock Market. Specifically,
the Letter stated that the Company was non-compliant with Listing
Rule 5550(b)(1) because it reported only $144,000 in stockholders'
equity as of December 31, 2025 in its 10-K for the year then ended.
Section 1003(a)(i) of the Company Guide requires a listed company
to have stockholders' equity of at least $2.5 million or to meet
one of two alternative listing standards, neither of which the
Company currently meets.

As a result, Polar Power is now subject to the procedures and
requirements of Listing Rule 5810(c)(2). This rule grants us 45
days to submit to Nasdaq a plan to regain compliance.

The Company intends to submit such a plan to Nasdaq, and if Nasdaq
accepts its plan, it will have 180 days from the date of the Letter
to regain compliance. If Nasdaq does not accept the plan, or if it
accepts the plan, but the Company does not then regain compliance
by the 180-day deadline, Nasdaq will begin delisting procedures,
which the Company may appeal to a Nasdaq Hearings Panel.

Polar Power is working diligently on implementing a plan to regain
compliance at the earliest possible time. It also believes that its
stockholders' equity as of March 31, 2026 will be substantially
greater than it was on December 31, 2025. This belief is based on
preliminary internal financial results, and the Company's current
expectations are subject to change as it completes internal
procedures to finalize its financial statements as of and for the
period ended March 31, 2026. This belief constitutes a
forward-looking statement that is subject to the cautionary
language set forth below.

The Letter has no immediate effect on the listing or trading of the
Company's common stock on the Nasdaq Stock Market. Polar Power's
common stock will continue to trade under the symbol "POLA". Its
receipt of the Letter does not affect the business, operations or
reporting requirements with the U.S. Securities and Exchange
Commission.

                      About Polar Power, Inc.

Headquartered in Gardena, California, Polar Power, Inc. --
http://www.polarpower.com-- designs, manufactures, and sells DC
power generators, renewable energy and cooling systems for
applications primarily in the telecommunications market and, to a
lesser extent, in other markets, including military, electric
vehicle charging, marine and industrial.  The Company is
continuously diversifying its customer base and are selling its
products into non-telecommunication markets and applications at an
increasing rate.

Los Angeles, California-based Weinberg & Company, P.A., the
Company's auditor since 2016, issued a "going concern"
qualification in its report dated April 15, 2026, attached to the
Company's Annual Report on Form 10-K for the year ended December
31, 2025, citing that the Company incurred a net loss and incurred
negative operating cash flows. These conditions raise substantial
doubt about the Company's ability to continue as a going concern.

As of December 31, 2025, the Company had $10,437,000 in total
assets, $10,293,000 in total liabilities, and $144,000 million in
total stockholders' equity.


POWER BLOCK: Court OKs Appointment of Chapter 11 Trustee
--------------------------------------------------------
Judge Cathleen Parker of the U.S. Bankruptcy Court for the District
of Utah approved the appointment of Angela Somers as Chapter 11
trustee for Power Block Coin, LLC.

The appointment comes upon the application filed by Gregory Garvin,
the Acting U.S. Trustee for Region 19, to appoint a bankruptcy
trustee in Power Block Coin's Chapter 11 case.

Ms. Somers disclosed in a court filing that she is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

A copy of the appointment order is available for free at
https://urlcurt.com/u?l=7qdeMa from PacerMonitor.com.

                   About Power Block Coin L.L.C.

Power Block Coin, LLC, a company in Orem, Utah, conducts business
as SmartFi. SmartFi is a unique monetary system, which combines
monetary policy with the freedoms of cryptocurrency to create a
self-sustaining open-lending platform, providing the holders of
SmartFi Token the opportunity to manage the system and become the
beneficiaries of the wealth creation that would otherwise accrue to
traditional banks.

Power Block Coin filed its voluntary petition for Chapter 11
protection (Bankr. D. Utah Case No. 24-23041) on June 20, 2024,
listing $10 million to $50 million in assets and $1 million to $10
million in liabilities. Aaron Tilton, officer, signed the
petition.

Judge Joel T Marker oversees the case.

The Debtor tapped Parsons Behle & Latimer as legal counsel and CFO
Solutions L.L.C., a Utah limited liability company, as accountant
and financial advisor.


PPS REALTY 449: Seeks Chapter 11 Bankruptcy in New Jersey
---------------------------------------------------------
On May 11, 2026, PPS Realty 449 Rushmore Avenue LLC filed for
Chapter 11 protection in the U.S. Bankruptcy Court for the District
of New Jersey. According to court filings, the Debtor reports
between $0 and $100,000 in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on June 17,
2026 at 09:00 AM at Telephonic.

Government Proof of Claim filing deadline set for November 9,
2026.

           About PPS Realty 449 Rushmore Avenue LLC

PPS Realty 449 Rushmore Avenue LLC is a limited liability company
engaged in property ownership and real estate-related operations.

PPS Realty 449 Rushmore Avenue LLC sought relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. Case No. 26-15300) on May 11,
2026. In its petition, the Debtor reported estimated assets between
$100,001 and $1 million and estimated liabilities between $0 and
$100,000.

The Debtor is represented by Robert C. Nisenson, Esq. of Robert C.
Nisenson, LLC.


PRESTIGE BRANDS: Moody's Cuts CFR to Ba3 & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Ratings downgraded all existing ratings of Prestige Brands,
Inc. ("Prestige") including the company's Corporate Family Rating
to Ba3 from Ba2, Probability of Default Rating to Ba3-PD from
Ba2-PD, and its senior unsecured notes to B1 from Ba3. Moody's also
assigned a Ba2 rating to Prestige's proposed $1.14 billion senior
secured first lien term loan. Proceeds will be used, together with
borrowings under the company's ABL facility and cash on hand, to
fund the acquisitions of the Foundation Consumer Healthcare (FHC)
OTC brands portfolio and LaCorium Health and to pay related fees
and expenses. The term loan will be funded in two drawings aligned
with the timing of the respective transactions. Prestige's SGL-1
Speculative Grade Liquidity rating is unchanged, and Moody's
changed the rating outlook to stable from negative.

The downgrade reflects that Prestige is pursuing two acquisitions
that will meaningfully increase leverage at a time when its
earnings have been declining in part due to Clear Eyes production
and supply chain disruptions, and a period of economic and consumer
spending uncertainty related to geopolitical events. Prestige's
announcement today that it is acquiring LaCorium for $150 million
follows shortly after the March 2026 announced purchase of the FCH
assets. Moody's estimate debt-to-EBITDA leverage will increase from
3.0x (incorporating Moody's adjustments) as of December 31, 2025 to
approximately 5x at closing, which is approximately half a turn
higher than the pro forma leverage level expected at the time of
the FCH purchase announcement. Based on Prestige's calculation, the
company expects pro forma net debt-to-EBITDA leverage will be
roughly 4.6x for two acquisitions versus 4.0x they anticipated in
March based on the FCH transaction alone. Reducing leveraging to a
level more in line with Moody's expectations for the rating will
thus take longer and could be by extended integration execution
challenges, operating volatility, or competing uses of cash emerge
following the transaction.

Under the previously announced definitive agreement, Prestige will
acquire a portfolio of OTC brands from Foundation Consumer
Healthcare, anchored by Breathe Right(R), the leading brand in the
nasal strip category, along with other established brands including
Children's Dimetapp® and Anbesol(R). The company has also
announced the acquisition of LaCorium Health, a smaller,
high-growth global consumer health platform centered around Dermal
Therapy™, a leading brand in lip and foot care in Australia
that generated approximately $40 million of revenue and $9 million
of EBITDA for the 12 months ended February 28, 2026. While both
transactions are strategically aligned with Prestige's acquisition
framework and its focus on expanding its presence across core OTC
categories, the incremental debt from the acquisitions amid
earnings decline due to the ClearEyes earnings disruptions will
meaningfully increase leverage. The Foundation Consumer Healthcare
transaction is expected to close in mid-June, with the LaCorium
acquisition anticipated to close in July 2026.

The Ba2 rating on the senior secured term loan is one notch above
the Ba3 CFR and reflects the effective priority relative to the
unsecured notes that would provide loss absorption cushion in the
event of a default.

RATINGS RATIONALE

Prestige's Ba3 CFR reflects its strong and stable free cash flow
generation from a diversified portfolio of OTC branded products
that generally hold leading positions in niche categories
addressing common, recurring consumer needs. The company's brands
benefit from long operating histories and established consumer
trust. Prestige's predominantly outsourced manufacturing model
provides a flexible cost structure and limits capital spending
needs, supporting cash flow stability. The company has sustained an
EBITA margin above 30% for the past eight years, including during
pandemic related category declines, and Moody's expects the  margin
to remain relatively steady, supported by productivity initiatives
and disciplined cost management. The company's track record of
acquisitions to bolster growth and the product portfolio also leads
to periodic increases in leverage and integration risk. Moody's
expect the company to remain disciplined in its acquisition
strategy and only acquire brands and categories that the company
can innovate and expand. Moody's expect Prestige will utilize free
cash flow to reduce debt and leverage following the proposed FCH's
brands and LaCorium Health acquisitions, though net debt-to-EBITDA
leverage will be well above the company's 3.0x target upon closing
of the acquisitions.

Prestige operates primarily in mature OTC categories that typically
experience flat-to-low single-digit organic growth. Recent
performance has been affected by supply chain disruptions related
to the Clear Eyes brand and timing of retailer orders rather than
underlying demand weakness. Prestige acquired a key Clear Eyes
co-manufacturing supplier at the end of 2025 (Pillar 5 Pharma) and
is working to transition the bulk of Clear Eyes production to the
facility to address shortages. The production ramp up will take
several years to fully implement but will favorably provide a
stronger and more stable platform for Clear Eyes. These actions
should ultimately bolster Prestige's already strong free cash flow.
Prestige's moderate scale relative to larger diversified consumer
health peers, concentration in OTC categories, and reliance on
large retail customers heighten exposure to competitive, execution,
and integration risks, particularly in the context of its recently
announced acquisitions.

Marketing terms for the new credit facilities (final terms may
differ materially) include the following: Incremental pari passu
debt capacity up to the greater of $475 million and 100% of EBITDA,
plus unlimited amounts subject to 4.00x Consolidated First Lien Net
Leverage Ratio. There is an inside maturity sublimit up to $237.5m.
A "blocker" provision restricts the transfer of material
intellectual property to unrestricted subsidiaries. The credit
agreement provides some limitations on up-tiering transactions,
requiring affected lender consent for amendments that subordinate
the debt or liens unless such lenders can ratably participate in
such priming debt. Amounts available under certain restricted
payment baskets may be reallocated to incur debt; however, no
explicit cap or percentage limit is specified.

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

The stable outlook reflects Moody's expectation that Prestige's
strategies to increase Clear Eyes production and consistently
strong free cash flow generation will allow the company to reduce
debt-to-EBITDA leverage to a 4x range within 18-24 months of the
acquisitions. The forecast is underpinned by a diversified
portfolio of branded over-the-counter (OTC) healthcare products and
an asset-light operating model.

The ratings could be downgraded if Prestige's operating earnings
decline through factors such as lower volumes or market shares,
pricing pressure, or cost increases. A deterioration in free cash
flow, debt-to-EBITDA sustained above 4.25x, or if the company
adopts a more aggressive financial policy, including additional
large, debt-funded acquisitions or shareholder distributions, could
also lead to a downgrade.

The ratings could be upgraded if Prestige demonstrates consistent
positive organic revenue growth, solid profitability, and strong
free cash flow. Moody's would also need to expect that the company
to adhere to its acquisition strategy and maintain financial
policies such that debt-to-EBITDA leverage is sustained below 3.5x,
while preserving at least good liquidity.

The principal methodology used in these ratings was Consumer
Packaged Goods published in February 2026.

The net effect of any adjustments applied to rating factor scores
or scorecard outputs under the primary methodology(ies), if any,
was not material to the ratings addressed in this announcement.
This analysis is based on the scorecard outcome pro forma for the
proposed acquisitions and the company's fiscal year ended March
2026 results.

Prestige Brands, Inc., headquartered in Tarrytown, New York,
manages and markets a broad portfolio of branded over-the-counter
(OTC) healthcare products. The company is publicly-traded (Prestige
consumer Healthcare Inc. - NYSE: PBH) and generated about $1.1
billion of revenue for the 12 months ending December 31, 2025. Pro
forma revenue is approximately $1.3 billion, reflecting the
proposed acquisition of Breathe Right(R), Dimetapp(R), Anbesol(R),
and other OTC products from Foundation Consumer Healthcare
announced in March 2026, in addition to the acquisition of LaCorium
Health, a smaller, high-growth consumer health platform announced
in May 2026.


PURPLE INNOVATION: To Appeal Nasdaq Delisting Determination
-----------------------------------------------------------
Purple Innovation Inc. said it will appeal a Nasdaq delisting
determination after failing to regain compliance with the
exchange's $1 minimum bid price rule, according to an SEC filing.

The company's hearing request is expected to stay the suspension of
its Class A common stock and the filing of a Form 25-NSE pending a
Nasdaq Hearings Panel decision.

Nasdaq notified Purple on May 5 that the company had not regained
compliance by the May 4 deadline and was not eligible for a second
180-day remediation period. Without an appeal, Nasdaq said the
securities would be scheduled for delisting and suspended at the
opening of business on May 14.

Purple plans to request a hearing and expects its common stock to
continue trading on Nasdaq while the hearing process is pending.
The company said its compliance plan includes a reverse stock
split, but there is no assurance the panel will issue a favorable
decision.

                        Purple Innovation

Purple Innovation designs and sells mattresses, pillows, cushions,
bases, sheets and related comfort products under the Purple brand.
The company's products use its proprietary gel and grid
technologies and are sold through e-commerce, wholesale and
company-operated retail channels. Purple is based in Lehi, Utah.

In a March 31, 2026, audit report, BDO USA, P.C. included a
going-concern explanatory paragraph saying the Company's recurring
net losses, cash used in operations, accumulated deficit and lack
of control over access to additional capital raise substantial
doubt about its ability to continue as a going concern.

As of March 31, 2026, Purple had $271.99 million in total assets,
$332.13 million in total liabilities, and a toatl stockholders'
deficit of $60.14 million.


QVC GROUP: The Goldman Sachs Group Holds 23.3% Equity Stake
-----------------------------------------------------------
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC disclosed
in a Schedule 13G filed with the U.S. Securities and Exchange
Commission that as of April 30, 2026, they each beneficially own
2,966,141.45 shares of QVC Group Inc.'s 8.0% Series A Cumulative
Redeemable Preferred Stock, each representing 23.3% of the shares
outstanding.

This filing reflects the securities beneficially owned by certain
operating units (collectively, the "Goldman Sachs Reporting Units")
of The Goldman Sachs Group, Inc. and its subsidiaries and
affiliates, in accordance with SEC Release No. 34-39538 (January
12, 1998), and does not reflect securities, if any, beneficially
owned by any operating units whose ownership is disaggregated from
that of the Goldman Sachs Reporting Units in accordance with such
release.

The securities being reported on by The Goldman Sachs Group, Inc.,
as a parent holding company, are owned, or may be deemed to be
beneficially owned, by Goldman Sachs & Co. LLC, a broker-dealer
registered under Section 15 of the Act and an investment adviser
registered under Section 203 of the Investment Advisers Act of
1940, which is a subsidiary of The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC may be
reached through:

     Ameen Soetan, Attorney-in-fact
     200 West Street
     New York, NY 10282
     Tel: 212-902-1000

A full-text copy of The Goldman Sachs Group, Inc.'s SEC report is
available at: https://tinyurl.com/4eeyud9z

                   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.


RAD DIVERSIFIED: Affiliate Seeks to Sell Wilton Property at Auction
-------------------------------------------------------------------
RAD Diversified REIT, Inc. and its affiliates, along with
Applicable Debtor, DDH Fund LLC, seek approval from the U.S.
Bankruptcy Court for the Middle District of Florida, Tampa
Division, to sell Property at auction, free and clear of liens,
claims, interests, and encumbrances.

The Debtor's Property is located at 1655 N. Wilton St., 1657 N.
Wilton St., 4937 W. Stiles St., and 4939 W. Stiles St.,
Philadelphia, Pennsylvania.

On March 27, 2026, the Office of the United States Trustee
appointed an official committee of unsecured creditors

The Debtor is the record title owner of the Property, which is
consists of four unimproved lot in Philadelphia.

The total tax assessed value of the Property is $60,800.00.

The City of Philadelphia Department of Revenue may assert an
interest in the Property for unpaid real property taxes for 2023
through 2025.

The Debtor, by and through its Chief Restructuring Officer, Katie
Goodman, in an exercise of her reasonable business judgment, has
determined that it is in the best interests of the Debtor and the
estate to sell the Property at public auction.

The Debtor requests the entry of an order for the sale of the
Property, free and clear of all liens, claims, and interests by
public auction to be conducted by Soldnow, LLC d/b/a Tranzon
Driggers (TD) as auctioneer.

The Debtor proposes that except as may otherwise be ordered by the
Court in the Sale Confirmation Order, all unpaid property taxes for
each parcel of Property shall be paid by the purchaser at closing,
and judgment and municipal liens against each parcel of Property
shall attach to the net proceeds of sale.

The Debtor seeks authority to sell the Property through an Auction
and related sale process, subject to the Debtor's right to seek an
alternative course of action to maximize the value of its estate.

The Debtor believes that the sale of the Property pursuant to the
auction procedures will utilize a competitive and transparent
marketplace that facilitates an arm’s-length sale without fraud
or collusion.

       About RAD Diversified REIT Inc

RAD Diversified REIT, Inc are a group of entities engaged in
acquiring, managing, renovating, repositioning, and operating real
estate, primarily single-family residential properties and vacant
lots across Florida, Pennsylvania, Texas, and New Jersey, with
certain affiliates holding other types of real estate. RAD
Diversified OZ Fund, LP, a Delaware limited partnership, focuses on
investments in Qualified Opportunity Zone properties, while RAD
Diversified REIT, Inc., a Maryland corporation, is structured to
qualify as a real estate investment trust under U.S. tax law.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March
1, 2026. In the petition signed by Katie S. Goodman, chief
restructuring officer, the Debtor disclosed up to $100 million in
both assets and liabilities.

Judge Catherine Peek Mcewen oversees the case.

Joseph Pack, Esq. and Jessey J. Krehl, Esq at PACK LAW, represents
the Debtor as legal counsel.

The Debtors tapped KAPILAMUKAMAL, LLP as forensic accountant,
financial analyst and financial advisor, EPIQ CORPORATE
RESTRUCTURING, LLC as noticing and claims agent, and GGG PARTNERS,
LLC as operations advisor.


RAD DIVERSIFIED: Affiliate to Sell Philadelphia Property at Auction
-------------------------------------------------------------------
RAD Diversified REIT, Inc. and its affiliates, along with
Applicable Debtor, RAD Diversified OZ Fund, LP, seek permission
from the U.S. Bankruptcy Court for the Middle District of Florida,
Tampa Division, to sell Property at auction, free and clear of
liens, claims, interests, and encumbrances.

The Debtor's Property is located at  located at 3961 Reno St,
Philadelphia, PA 19104.

The Debtor is the record title owner of the Property, which is
consists of unimproved lot in Philadelphia.

The total tax assessed value of the Property is $29,900.00.

The City of Philadelphia Department of Revenue may assert an
interest in the Property for unpaid real property taxes for 2023
through 2025.

To the best of the Debtor's knowledge, information, and belief, no
other person or entity asserts a lien, claim, or in rem interest in
and to the Property.

The Debtor, by and through its Chief Restructuring Officer, Katie
Goodman, in an exercise of her reasonable business judgment, has
determined that it is in the best interests of the Debtor and the
estate to sell the Property at public auction.

The Debtor requests the entry of an order for the sale of the
Property, free and clear of all liens, claims, and interests by
public auction to be conducted by Soldnow, LLC d/b/a Tranzon
Driggers (TD) as auctioneer.

The Property will be sold subject to ad valorem taxes, with past
due ad valorem taxes paid by the buyer at closing.

The sale of the Property pursuant to the auction procedures will
utilize a competitive and transparent marketplace that facilitates
an arm’s-length sale without fraud or collusion.

          About RAD Diversified REIT Inc

RAD Diversified REIT, Inc are a group of entities engaged in
acquiring, managing, renovating, repositioning, and operating real
estate, primarily single-family residential properties and vacant
lots across Florida, Pennsylvania, Texas, and New Jersey, with
certain affiliates holding other types of real estate. RAD
Diversified OZ Fund, LP, a Delaware limited partnership, focuses on
investments in Qualified Opportunity Zone properties, while RAD
Diversified REIT, Inc., a Maryland corporation, is structured to
qualify as a real estate investment trust under U.S. tax law.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March
1, 2026. In the petition signed by Katie S. Goodman, chief
restructuring officer, the Debtor disclosed up to $100 million in
both assets and liabilities.

Judge Catherine Peek Mcewen oversees the case.

Joseph Pack, Esq. and Jessey J. Krehl, Esq at PACK LAW, represents
the Debtor as legal counsel.

The Debtors tapped KAPILAMUKAMAL, LLP as forensic accountant,
financial analyst and financial advisor, EPIQ CORPORATE
RESTRUCTURING, LLC as noticing and claims agent, and GGG PARTNERS,
LLC as operations advisor.


RAD DIVERSIFIED: Committee Hires Greenberg Traurig LLP as Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of RAD Diversified
REIT, Inc. and its affiliated debtors seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire
Greenberg Traurig, LLP as its counsel.

The firm will render these services:

     (a) advise the Committee with respect to its rights, duties
and powers in these cases;

     (b) assist and advise the Committee in its consultations with
the Debtors relative to the administration of these cases;

     (c) assist with the Committee's investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtors
and of the operation of the Debtors' business and any other matters
relevant to these cases;

     (d) assist the Committee in its analysis of and negotiations
with the Debtors or any third party concerning matters related to,
among other things, the terms of a sale, plan of reorganization or
liquidation, or other conclusion of these cases;

     (e) assist the Committee in requesting the appointment of a
trustee or examiner, should such action become necessary;

     (f) assist and advise the Committee as to its communications
to the general creditor body regarding significant matters in these
cases;

     (g) represent the Committee at all hearings and other
proceedings;

     (h) review and analyze all applications, orders, statements of
operations and schedules filed with the Court and advise the
Committee as to their propriety;

     (i) assist the Committee in preparing agreements, motions,
applications, orders, complaints, answers, briefs and pleadings as
may be necessary in furtherance of the Committee's interests and
objectives; and

     (j) perform such other legal services as may be required under
the circumstances of this case and are deemed to be in the
interests of the Committee in accordance with the Committee's
powers and duties as set forth in the Bankruptcy Code.

Greenberg Traurig has agreed to discount its standard hourly rates
to $1,000 for shareholders and $600 for associates.

As disclosed in the court filings, Greenberg Traurig is
"disinterested," as such term is defined in 11 U.S.C. Sec. 101(14).


The firm can be reached through:

     John D. Elrod, Esq.
     Greenberg Traurig, LLP
     Terminus 200
     3333 Piedmont Road NE, Suite 2500
     Atlanta, GA 30305
     Direct: (678) 553-2259
     Tel: (678) 553-2100
     Email: elrodj@gtlaw.com

       About RAD Diversified REIT Inc

RAD Diversified REIT, Inc are a group of entities engaged in
acquiring, managing, renovating, repositioning, and operating real
estate, primarily single-family residential properties and vacant
lots across Florida, Pennsylvania, Texas, and New Jersey, with
certain affiliates holding other types of real estate. RAD
Diversified OZ Fund, LP, a Delaware limited partnership, focuses on
investments in Qualified Opportunity Zone properties, while RAD
Diversified REIT, Inc., a Maryland corporation, is structured to
qualify as a real estate investment trust under U.S. tax law.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March
1, 2026. In the petition signed by Katie S. Goodman, chief
restructuring officer, the Debtor disclosed up to $100 million in
both assets and liabilities.

Judge Catherine Peek Mcewen oversees the case.

Joseph Pack, Esq. and Jessey J. Krehl, Esq at PACK LAW, represents
the Debtor as legal counsel.

The Debtors tapped KAPILAMUKAMAL, LLP as forensic accountant,
financial analyst and financial advisor, EPIQ CORPORATE
RESTRUCTURING, LLC as noticing and claims agent, and GGG PARTNERS,
LLC as operations advisor.



RAD DIVERSIFIED: Seeks to Sell Philadelphia Properties at Auction
-----------------------------------------------------------------
RAD Diversified REIT, Inc. and its affiliates, seeks permission
from the U.S. Bankruptcy Court for the Middle District of Florida,
Tampa Division, to sell Florida Properties at auction, free and
clear of liens, claims, interests, and encumbrances.

The Debtor wants to sell several Philadelphia Properties, free and
clear of all liens, encumbrances, and interests, as described more
particularly on Exhibit A. https://urlcurt.com/u?l=6o97tT

On March 27, 2026, the Office of the United States Trustee
appointed an official committee of unsecured creditors.

Debtor is the record title owner of the Property, which is more
particularly described on Exhibit A. The Property consists of 23
unimproved lots in Philadelphia.

The total tax assessed value of all of the Property is
$395,700.00.

The Title Reports reflect certain judgments and other liens against
the Property totaling $292,444.35 that may constitute a lien
against the Property.

The Debtor, by and through its Chief Restructuring Officer, Katie
Goodman, in an exercise of her reasonable business judgment, has
determined that it is in the best interests of the Debtor and the
estate to sell the Property at public auction on the terms set
forth in this Motion.

The Debtor wants to sell the Properties through an auction with the
help of Soldnow, LLC d/b/a Tranzon Driggers (TD) as auctioneer.

All valid and duly perfected liens against each parcel of Property
that are not paid at closing will attach to the net proceeds of
sale.

The Debtor respectfully requests the Court to hold an expedited
hearing on this Motion so that the marketing process can begin and
the auction process concluded promptly.

The only liens against the Property are liens for ad valorem taxes,
which taxes will be paid by the buyer at closing, municipal liens
that will be paid at closing, and judgments totaling $292,444.35
which will attach to the proceeds of sale.

The sale of the Property pursuant to the auction procedures will
utilize a competitive and transparent marketplace that facilitates
an arm’s-length sale without fraud or collusion.

                   About RAD Diversified REIT Inc

RAD Diversified REIT, Inc are a group of entities engaged in
acquiring, managing, renovating, repositioning, and operating real
estate, primarily single-family residential properties and vacant
lots across Florida, Pennsylvania, Texas, and New Jersey, with
certain affiliates holding other types of real estate. RAD
Diversified OZ Fund, LP, a Delaware limited partnership, focuses on
investments in Qualified Opportunity Zone properties, while RAD
iversified REIT, Inc., a Maryland corporation, is structured to
qualify as a real estate investment trust under U.S. tax law.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-01636) on March
1, 2026. In the petition signed by Katie S. Goodman, chief
restructuring officer, the Debtor disclosed up to $100 million in
both assets and liabilities.

Judge Catherine Peek Mcewen oversees the case.

Joseph Pack, Esq. and Jessey J. Krehl, Esq at PACK LAW, represents
the Debtor as legal counsel.

The Debtors tapped KAPILAMUKAMAL, LLP as forensic accountant,
financial analyst and financial advisor, EPIQ CORPORATE
RESTRUCTURING, LLC as noticing and claims agent, and GGG PARTNERS,
LLC as operations advisor.


RAYFORD SURGICAL: Hires Nathan Sommers as Bankruptcy Counsel
------------------------------------------------------------
Rayford Surgical Center LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Nathan Sommers
Gibson Dillon, A Professional Corporation, as its general
bankruptcy counsel.

The firm will render these services:

     (a) provide legal advice with respect to the Debtor's powers
and duties as a debtor-in-possession in the continued operation of
its properties including, but not limited to, sale or lease of
property of the estate, obtaining credit, assumption and rejection
of unexpired leases and executory contracts, requests for security
interests, and relief from the automatic stay;

     (b) examine claims of creditors in order to determine their
validity and objections to claims as may be appropriate;

     (c) prepare and pursue confirmation of a plan and approval of
a disclosure statement;

     (d) prepare, on behalf of the Debtor, any and all necessary
applications, motions, answers, orders, reports, and other legal
documents;

     (e) appear in Court and to protect the interests of the Debtor
before the Court;

     (f) give advice and counsel to Debtor in connection with its
plan of reorganization;

     (g) appear in and prosecute or defend suits and proceedings,
if any, when they arise and to take all necessary and proper steps
in other matters and things involving bankruptcy law or connected
with the affairs of the bankruptcy estate if and when a necessity
exists therefor;

     (h) in general, act on behalf of Debtor in any and all
bankruptcy law matters which may arise in the course of this case;
and

     (i) perform all other legal services for the Debtor that may
be necessary and proper in this proceeding.

The firm will be paid at these hourly rates:

     Iain L. C. Kennedy      $600
     Anna G. Orr             $310

     Shareholders         $600 to $700
     Associates           $280 to $340
     Legal Assistants     $100 to $125

The firm holds an aggregate retainer as of the Petition Date of
$23,492.99.

Iain Kennedy, Esq., a partner at Nathan Sommers Gibson Dillon,
disclosed in the court filing that his firm is a "disinterested
person" within the meaning of 11 U.S.C. Sec. 101(14).

The firm can be reached through:

     Iain L. C. Kennedy, Esq.
     Nathan Sommers Gibson Dillon, A Professional Corporation
     1400 Post Oak Blvd., Suite 300
     Houston, TX 77056
     Tel: (713) 960-0303
     Fax: (713) 892-4800
     Email: ikennedy@nathansommers.com

       About Rayford Surgical Center LLC

Rayford Surgical Center LLC, based in Spring, Texas, is a
single-asset real estate company holding a deed of trust on a
property at 25440 I-45 North in the Spring Surgical Center
Subdivision, Montgomery County.

Rayford Surgical Center LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
26-32388) on April 6, 2026, listing $19,170,500 in assets and
$15,022,408 in liabilities. The petition was signed by Ravi Moparty
as managing member.

Judge Jeffrey P Norman presides over the case.

Iain L. C. Kennedy, Esq. at NATHAN SOMMERS GIBSON DILLON PC serves
as the Debtor's counsel.



RCMBGNY INC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: RCMBGNY, Inc.
        120 E. 39th Street
        New York, NY 10016

Business Description: RCMBGNY Inc. is a New York-based restaurant
                      operator with location at 120 E. 39th Street
                      in New York.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Southern District of New York

Case No.: 26-11110

Judge: Hon. Lisa G. Beckerman

Debtor's Counsel: Vivek Suri, Esq.
                  VIVEK SURI, ESQ.
                  275 5th Avenue, Ste 1000
                  New York NY 10016
                  Tel: 212-537-6936
                  E-mail: lawyer@surilawoffice.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Malini Jhanjee 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/LGAZNLQ/RCMBGNY_Inc__nysbke-26-11110__0001.0.pdf?mcid=tGE4TAMA


RCP HOMES: Frederic Schwieg Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Frederic Schwieg,
Esq., at Schwieg Law, as Subchapter V trustee for RCP Homes, LLC.

Mr. Schwieg will be paid an hourly fee of $370 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Schwieg declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Frederic P. Schwieg, Esq.
     Schwieg Law
     2705 Gibson Drive
     Rocky River, OH 44116-1815
     Phone: (440) 499-4506
     Email: fschwieg@schwieglaw.com

                        About RCP Homes LLC

RCP Homes, LLC is a real estate holding company that owns and
leases residential properties in the Cleveland-area market.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-12134) on May 6,
2026, with $1,718,598 in assets and $2,083,509 in liabilities.
Darrion Smith McKnight, managing member, signed the petition.

Judge Jessica E. Price Smith presides over the case.

Glenn E. Forbes, Esq., at Forbes Law, LLC represents the Debtor as
bankruptcy counsel.


REACTION BIOLOGY: Golub Capital Marks $3MM Loan at 33% Off
----------------------------------------------------------
Golub Capital BDC Inc. has marked its $3,052,000 loan extended to
Reaction Biology Corporation to market at $2,045,000 or 67% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC, Inc. is a participant in a loan extended to
Reaction Biology Corporation. The Loan accrues interest at a rate
of SF + 4.75 % (j) 9.05 % PIK per annum. The Loan matures on March
1, 2029.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Reaction Biology Corporation

Reaction Biology Corporation is a contract research and drug
discovery services company that relies on private credit financing
to support its scientific operations.


REALTRUCK GROUP: Moody's Cuts CFR to Ca, Outlook Stable
-------------------------------------------------------
Moody's Ratings downgraded RealTruck Group, Inc.'s (RealTruck)
corporate family rating to Ca from Caa2 and the probability of
default rating to Ca-PD from Caa2-PD following the closing of the
debt exchange and new debt issuance. Concurrently, Moody's appended
a limited default (/LD) designation to the PDR, revising it to
Ca-PD/LD. Moody's assigned a Caa3 rating to the new senior secured
superpriority first out term loan, a Ca rating to the new senior
secured second out (tranche A and B) term loan and a C rating to
the new senior secured second lien notes. Moody's downgraded the
rating on the senior secured bank credit facility (consisting of a
de minimis amount of the initial term loan) to C from Caa1 and the
rating on the senior unsecured notes due 2029 to C from Ca. Moody's
have withdrawn the Caa1 rating on the senior secured bank credit
facility for the incremental first lien term loan since it no
longer exists. The outlook is stable.

On May 06, 2026, RealTruck closed its distressed debt exchange. The
company raised $300 million of additional financing and now has a
$371 million new money first out term loan. Proceeds were used to
repay asset-based lending facility (ABL) borrowings and bolster
cash. The initial term loan was exchanged into the first lien
second out term loan tranche A and the initial incremental term
loan was exchanged into the first lien second out term loan tranche
B. Roughly $2 million of the initial term loan was not exchanged.
The $600 million senior unsecured notes were exchanged below par at
a 25% to 35% discount into the senior secured second lien notes.
About $86 million of the senior unsecured notes were not
exchanged.

The "/LD" designation reflects Moody's views that the debt exchange
constitutes a distressed exchange and therefore a default under
Moody's definitions. A distressed exchange encompasses events in
which issuers fail to fulfil debt service obligations outlined in
their original debt agreements. Moody's assess this exchange to be
distressed given weak debt trading prices prior to the exchange, a
material discount to par for the exchanged senior unsecured notes
and the subordination of the debt for debt holders who did not
participate in the exchange. The "/LD" designation will be removed
in about three business days.

Although the transaction provides additional liquidity and extends
debt maturities, it increases the annual cash interest expense
burden by over $40 million and raises debt by roughly $150 million,
while leaving the company with very high leverage and an
unsustainable capital structure. Moody's expects the company will
continue to generate negative free cash flow and likely deplete its
liquidity by the end of 2027 without material improvement in
performance.

The downgrade of the CFR to Ca reflects Moody's expectations that
RealTruck will continue to operate with an unsustainable capital
structure with low interest coverage and negative cash flow. The
significant amount of debt imposes material constraints on the
business, challenging RealTruck's ability to improve credit
metrics.

The stable outlook reflects the extension of the maturity profile
and improved liquidity, which will be needed to fund near-term cash
flow shortfalls.

Governance considerations were a key driver of the rating action.
The company's financial policies have contributed to operating with
high leverage which has led to a distressed exchange.

RATINGS RATIONALE

RealTruck's ratings reflect the company's very high leverage, weak
credit metrics and negative free cash flow. At the same time, the
company has good product diversification and brand recognition as a
specialty provider in the light vehicle aftermarket segment. The
acquisition of VAI in March 2025 diversified RealTruck's sales by
vehicle brand while expanding the company's portfolio of truck
accessories.

Moody's expects debt/EBITDA to remain over 10.0x at the end of
2026, but not materially lower than debt/EBITDA of 14.2x at the end
of 2025. Moody's forecasts low single digit revenue growth in 2026
and expanded EBITDA margin versus 2025 due to efforts to contain
costs and reduce manufacturing expenses. Free cash flow is expected
to remain negative due to the very high interest expense burden
which increased with the debt exchange. The large debt load and
significant annual interest expense limit the company's ability to
absorb operational missteps or ineffective execution.

Despite the liquidity enhancing debt exchange, Moody's views
RealTruck's liquidity as weak driven by Moody's expectations for
negative free cash flow, resulting in heavy reliance on the unrated
$250 million ABL. In addition, borrowing availability under the ABL
is below the stated $250 million commitment. The ABL's stated
maturity date is February 2030, however, the ABL has springing
maturity on August 2, 2028 which is 182 days prior to the maturity
of the senior unsecured notes (due February 1, 2029) if more than
$45 million of the senior unsecured notes are outstanding.

The facility is subject to a springing fixed charge covenant when
availability falls below a specific threshold.

The senior secured first out term loan matures in January 2031, but
if more than $45 million of the senior unsecured notes remain
outstanding, its maturity springs to 91 days prior to the senior
unsecured notes' maturity. The senior secured second out term loan
also matures in January 2031 and is subject to the same 91 day
springing maturity if more than $45 million of the senior unsecured
notes are outstanding. The senior secured second lien notes mature
in July 2031, with a springing maturity of 98 days before the
senior unsecured notes' maturity if more than $45 million remains
outstanding.

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

The ratings could be downgraded if profitability remains weak or if
liquidity deteriorates. If Moody's assessments of the probability
of default were to increase, Moody's could downgrade the ratings.

The ratings could be upgraded if RealTruck materially improves its
liquidity and operating performance. In addition, a trajectory of
meaningfully reducing debt-to-EBITDA and adequately covering
interest expense could support an upgrade.

The principal methodology used in these ratings was Automotive
Suppliers published in November 2025.

RealTruck's Ca CFR is two notches below the Caa2 scorecard
indicated outcome based on results in 2025. The CFR of Ca reflects
Moody's views that the capital structure remains untenable due to
the large debt balance, expectations for ongoing negative free cash
flow and weak liquidity.

RealTruck Group, Inc. is a vertically integrated manufacturer of
branded aftermarket accessories for trucks, Jeeps, sport utility
vehicles, crossover utility vehicles and vans with manufacturing
operations in the US, Canada, Denmark, Mexico and Thailand and
sales in 100+ countries. Products include hard and soft truck bed
covers, truck caps, bed liners, floor liners, steps, suspension
kits, Jeep parts and off-road accessories. Revenue in 2025 was just
under $1.7 billion.


RELLIS CAMPUS: Seeks to Hire Marathon Capital as Investment Banker
------------------------------------------------------------------
RELLIS Campus Data and Research Center, LLC and Optimus
DataCenters, LLC seek approval from the U.S. Bankruptcy Court for
the Southern District of Texas to hire Marathon Capital Markets,
LLC as their investment banker.

The firm's services include:

     a) preparing marketing materials outlining the Debtors
objectives in advance of launching an auction process;

     b) creating and managing a virtual data room ("VDR"), to allow
access to all qualified third-parties interested in a potential
transaction with the necessary resource materials;

     c) securing funds necessary for (i) Creditors Takeout  or
other debt recapitalization or other Restructuring and (ii)
associated Project Capital;

     d) advising the Debtors in commercial negotiations relating to
efforts to restructure as part of the Chapter 11 process;

     e) advising the Debtors on potential options as part of a plan
of reorganization or liquidation scenario;

     f) participating in negotiations among the Debtors and their
creditors;

     g) analyzing various restructuring scenarios and the potential
impact of these scenarios on the recoveries of the stakeholders
impacted by a Restructuring;

     h) providing recommendations on the appropriate structure,
purchase price, terms and conditions for any merger, acquisition or
capital raise pursuant to a sale or reorganization;

     i) coordinating information flow, supporting detailed due
diligence, and coordinating efforts of other advisors as needed;
and

     j) assisting the Debtors and their legal counsel on the
definitive transaction documents and closing process for a sale or
plan of reorganization or liquidation.

The firm will receive compensation at these fees:

     a) the Debtors shall pay Marathon a one-time fee of $25,000
upon execution of the Engagement Agreement (the "Work Fee"). The
Work Fee shall be creditable against any Success Fee payable under
the Engagement Agreement. Because the Work Fee was not paid prior
to the Petition Date, the Debtors' payment of the Work Fee is
subject to the Court's approval of the Debtors' payment of a
post-petition retainer (the "Retainer");

     b) the Debtors shall pay Marathon a one-time fee of $550,000
upon closing of any Transaction with Pinchal & Company (the
"Pinchal Fee") should the consummation of such Transaction occur
prior to Marathon launching an auction process (the "Auction
Launch"). The Auction Launch shall be defined as the earlier of
either (i) written approval to begin distribution of marketing
materials to potential investors or (ii) May 18, 2026. The Pinchal
Fee shall not be creditable against any other amounts payable to
Marathon under the Engagement Agreement. If Pinchal & Company
closes a Transaction prior to the Auction Launch, the total fee due
to Marathon will be $550,000, inclusive of the Work Fee. If Pinchal
& Company closes a Transaction after the Auction Launch, Marathon
will be entitled to the full Success Fees pursuant to the
Engagement Agreement;

     c) the Debtors shall pay Marathon a "Capital Raise Fee" if,
during the term of the Engagement Agreement or at any time during
the six (6) months after its termination or expiration (the "Tail
Period"), (A) an Equity Financing is consummated, (B) any person
purchases or commits in a binding agreement to purchase Equity
Securities from the Debtors, any SPV, or any of their
securityholders, (C) a Debt Financing is consummated, or (D) any
person purchases substantially all assets of the Debtors, whether
through a section 363 sale, plan of reorganization, plan of
liquidation, or otherwise. The Capital Raise Fee shall equal the
greater of (i) a minimum fee of $1,500,000 or (ii) 4.0% of the
aggregate gross proceeds or amount of committed capital up to
$100,000,000, plus 2.0% on all gross proceeds or amount of
committed capital greater than $100,000,000;

     d) the Debtors shall pay Marathon a "Sales Fee" equal to the
greater of (i) a minimum fee of $1,500,000 or (ii) 4.0% of the
"Aggregate Consideration" generated and received as part of any
sale of assets or equity of the Debtors.

Aggregate Consideration shall include, without limitation, cash,
securities, and seller financing payment streams reduced to present
value. If Aggregate Consideration is subject to any increase by
contingent payments related to future events, the portion of the
Sales Fee relating thereto shall be calculated in good faith and
paid to Marathon upon consummation of the Transaction. The fees
(other than the Work Fee) are collectively referred to herein as
the "Success Fees"; and

     e) all reasonable and documented out-of-pocket expenses
incurred in performing the services described in the Engagement
Agreement, including the fees and expenses of Marathon's attorneys,
including outside counsel for retention and compensation assistance
in the Chapter 11 Cases, and those of any other adviser retained by
Marathon; provided that, pursuant to the Engagement Agreement, the
aggregate fees and expenses of Marathon's attorneys shall be capped
at $75,000.

As disclosed in the court filings, Marathon does not hold or
represent an interest adverse to the estate and is a "disinterested
person," as that term is defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Gerry Willinger
     Marathon Capital Markets, LLC
     2211 Norfolk Street, Ste 610
     Houston, TX 77098
     Phone: (312) 989-1350

        About RELLIS

RELLIS Campus Data and Research Center, LLC and Optimus
DataCenters, LLC are two non-operator entities owned by TenTech-3
Holdings, LLC, formed to develop and manage a data center on Texas
A&M University's RELLIS Campus in Bryan, Texas. The RELLIS Campus,
designed to foster innovation and technology for public and private
sector applications, provides the setting for the planned facility
along State Highway 21 on its northern side.

The Debtors filed Chapter 11 petitions (Bankr. S.D. Texas Lead Case
No. 25-90666) on November 5, 2025. At the time of the filing,
RELLIS listed between $10 million and $50 million in assets and
liabilities while Optimus DataCenters listed between $10 million
and $50 million in assets and up to $50,000 in liabilities.

Judge Alfredo R Perez oversees the cases.

The Debtors tapped Christopher Adams, Esq., at Okin Adams Bartlett
Curry, LLP as legal counsel and Veritas Restructuring Group as
restructuring and financial advisor.


RESIDEO FUNDING: ADI Global Spinoff Credit Positive, Moody's Says
-----------------------------------------------------------------
Moody's Ratings said that Resideo Funding Inc.'s (Resideo, Ba2
negative) announced spinoff of its lower margin ADI Global
Distribution Inc. (ADI) business and planned debt repayment of
about $1.1 billion is credit positive. The transaction, which is
expected to close in the second half of 2026, would result in
materially improved credit metrics, addressing the key concerns
underlying the company's current negative outlook.

Under the transaction, Resideo will spinoff 100% of ADI and receive
a $900 million dividend from ADI. The spinoff requires consent from
Resideo's lenders. The dividend and debt repayment will be
predicated upon the funding of ADI's debt issuance. The dividend
and approximately $389 million of balance sheet cash would be used
to repay approximately $1.104 billion of existing term loan debt,
fund transaction fees and expenses and provide $50 million of cash
to ADI. The debt repayment would reduce pro forma debt/EBITDA to
approximately 4x at close, a substantial improvement from 4.7x as
of December 31, 2025. Pro forma liquidity is likely to remain very
good, with approximately $150 million of cash and a fully available
$500 million revolving credit facility at close.

Moody's expects modest revenue growth, margin expansion and
disciplined financial policies will support free cash flow
generation and continued deleveraging consistent with the Ba2
corporate family rating. Management has articulated a gross
leverage target of 3.0x debt/EBITDA. Management's debt/EBITDA is
estimated to be 3.5x at close and Moody's expects the company will
allocate excess cash to debt repayment to reach its 3.0x target.

A partial offset to the improved credit metrics is the reduced
scale and diversification following the spinoff of ADI, a leading
global specialty distributor of professionally installed
low-voltage products and residential audiovisual solutions. The
combined company revenue was $7.5 billion in 2025. Resideo's
revenue will shrink significantly as ADI's revenue was about $4.8
billion in 2025. However, Resideo's EBITDA margin will
significantly improve as ADI's standalone EBITDA margin was about
6.5% in 2025.  While the spinoff will improve Resideo's EBITDA
margins to around 20% from around 10%, ADI also offered the
combined company diversified cash flow streams which is beneficial
to manufacturers exposed to cyclicality. Resideo will also be more
exposed to intense competition within the company's product
categories and the necessity of rapid technological innovation.

The company will continue to benefit from its strong market
position as a provider of products and solutions in residential
heating, ventilation, air conditioning (HVAC) and electrical
distribution markets as well as the value of the Honeywell Home and
First Alert brands and their technological expertise and planned
new product introductions of integrated home and security products.
Its revenue exposure to the less cyclical retrofit market is
positive credit consideration.

Resideo (inclusive of ADI) is a global manufacturer, developer and
distributor of technology-driven sensing and controls products and
solutions for residential and commercial end markets. In October
2018, the company was spun off as the Homes business from Honeywell
International Inc.


REVIVA PHARMACEUTICALS: UBS Group AG Holds 5.82% Equity Stake
-------------------------------------------------------------
UBS Group AG disclosed in a Schedule 13G filed with the U.S.
Securities and Exchange Commission that as of March 31, 2026, it
beneficially owns 746,095 shares of Reviva Pharmaceuticals
Holdings, Inc.'s Common Stock, par value $0.0001 per share,
representing 5.82% of the shares outstanding.

UBS Group AG may be reached through:

     Andrew Johnson, Director
     Bahnhofstrasse 45
     PO Box CH-8021
     Zurich, Switzerland
     Tel: 41-44-234-1111

A full-text copy of UBS Group AG's SEC report is available at:
https://tinyurl.com/4rkry79h

               About Reviva Pharmaceuticals Holdings

Cupertino, Calif.-based Reviva Pharmaceuticals Holdings, Inc. is a
late-stage biopharmaceutical company that discovers, develops, and
seeks to commercialize next-generation therapeutics for diseases
representing unmet medical needs and burdens to society,
patients,and their families.

San Francisco, California-based Baker Tilly US, LLP, the Company's
auditor since 2023, issued a "going concern" qualification in its
report dated March 27, 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.

As of December 31, 2025, the Company had $15.9 million in total
assets and $7.3 million in total liabilities, and total
stockholders' equity of $8.6 million.


RIVERSEDGE ADVANCED: Campbell & Levine Appointed as Receiver
------------------------------------------------------------
The Hon. Marilyn J. Horan of the U.S. District Court for the
Western District of Pennsylvania entered an agreed order directing
the appointment of Campbell & Levine, LLC as the receiver for
RiversEdge Advanced Retirement Solutions, LLC and its assets in
accordance with the Employee Retirement Income Security Act of 1974
(ERISA).

The Court has determined that the appointment of a receiver is
necessary and appropriate to assume authority over RiversEdge and
its affairs, principally to marshal and preserve ERISA Plan Assets
belonging to former clients of RiversEdge (including those ERISA
Plan Assets previously frozen by this Court or within the custody
and control of RiversEdge.

The Receiver is granted and vested with all powers necessary to
carry out its purpose and associated tasks under this Order. This
authority includes, but is not limited to, management, operation,
oversight, and control of all aspects of RiversEdge's business,
including the authority to direct the disposition of RiversEdge's
assets and bank accounts.

Lori Chavez-DeRemer, Secretary of Labor, United States Department
of Labor, requested the appointment of a receiver. Pursuant to Rule
25(d) of the Federal Rules of Civil Procedure, Keith E. Sonderling,
acting Secretary of Labor, is automatically substituted as
Plaintiff.

On December 12, 2024, the Court ordered Jennifer Palguta to deposit
the proceeds from the sale of her personal residence at 73 Thorn
Street, Sewickley, Pennsylvania, as well as some personal property
within the residence, into an interest-bearing account at FNB Bank.
The Court ordered that there be no withdrawals from that account
until further order by this Court.

The Consent Judgment requires Jennifer Palguta to pay a partial
restitution amount of $2 million within 30 business days from the
FNB Bank account. By this Order, it also requires Jennifer Palguta
to pay an addition partial restitution of interest on this $2
million, which is projected to be $21,942.24 by June 30, 2026. In
order to satisfy the Consent Judgment, Jennifer Palguta shall remit
the $2 million plus accrued interest on that amount, for a total
partial restitution amount of $2,021,942.24.

FNB Bank is now directed to pay the $2,021,942.24 within 30
business days of the date of this Order from the FNB Account to
Rule 19 Defendant Mid Atlantic Trust Company (MATC) for
distribution to the Mismanaged Plans. Upon payment of $2,021,942.24
from the FNB account to MATC, the Court lifts all restrictions it
imposed on the FNB account.

MATC is directed to distribute the $2,021,942.24 to the Non-Custody
Plans and Custody Plans within 60 business days.

After Court approval of the Receiver's distribution plan, AMI shall
distribute to the participants and beneficiaries of the RiversEdge
Plan any additional funds received from the receivership. AMI will
pay its reasonable compensation, fees, and expenses incurred in
connection with such distribution and termination from the reserve
described in the preceding paragraph. AMI shall distribute any
unused portion of the reserve to participants and beneficiaries.
AMI shall then terminate the RiversEdge Plan in accordance with the
requirements of ERISA.

Upon completion of its duties, AMI shall file a brief motion for
discharge and release, and a proposed order.

Plan Sponsors of each Mismanaged Plan are entitled to request data
relating to their Plans currently held by RMI within 30 business
days from the date of entry of this Order, but RMI shall not be
required to produce data that it is unable to access or review due
to software or technical limitations.

The Receiver's power and authority to manage RiversEdge and its
assets shall also include, but is not limited to authority to take
possession of RiversEdge assets and all property and information
related thereto, including all related books, records, bank
accounts, keys, combinations for locks or other access information,
or which relate in any manner to the management or operation of all
or any portion of the Company assets.

Notwithstanding any other provision hereof, the Receiver shall be
under no obligation to complete or file tax returns on behalf of
RiversEdge or file other regulatory or other governmental reports
on behalf of RiversEdge.

The appointment of the Receiver extends only to the Receivership
Estate/Assets and does not impose upon the Receiver any affirmative
duty to defend RiversEdge in any pending or hereinafter commenced
litigation.

The Receiver's compensation for services under this Order shall be:


        (a) hourly rates of: (i) Members: $475 to $950; (ii)
Counsel: $525 to $625; (iii) Associates: $290 to $500; and (iv)
Paraprofessionals: $100 to $240;

        (b) reasonable travel time incurred by the Receiver's
professionals billed at 50% of the hourly rates described in the
preceding subsection (a); and

        (c) out-of-pocket expenses, including reporter’s fees,
filing fees, service costs, search fees, messenger and other
delivery fees, postage, online legal research services fees, in
office photocopy copying at $.25 per page,

Notwithstanding, the Receiver;s fees and expenses associated with
its services hereunder shall not exceed $120,000.00, subject to
increase with approval of this Court upon a showing of cause and/or
good reason (recognizing that the Receiver does not have, as of the
date of this Order, a full understanding of RiversEdge, the
Receivership Estate/Assets, and/or the potential scope or breadth
of work contemplated by this Order), including in the event one or
more unexpected or extraordinary event(s) or expense(s) occurs.

The Receiver shall file a fee notice with the Court at intervals of
no less than 30 business days and no more than 90 business days.
The Receiver shall have the right to direct and supervise the
activities of all professionals and personnel so retained and may
pay such professionals and personnel so retained in accordance with
the Order of this Court approving such retention.

Without limiting any other rights or immunities the Receiver may
have at law or in equity, the Receiver shall have no liability for
acts or omissions made by or on behalf of it in its capacity as
receiver so long as such acts and omissions are made in good faith
and without gross negligence.

Any creditor or party with actual notice of this Order holding a
claim arising from, related to, or against RiversEdge or any part
of the Receivership Estate/Assets is enjoined from prosecuting such
claim from the date of entry of this Order.

The Receiver may petition this Court for any orders necessary
(including for contempt) of any violation of this Order by any
creditor or other party. The Receiver may file a Notice of
Receivership in any pending action involving RiversEdge, as a
defendant, notifying the plaintiff and such court of this Order and
the stay of such litigation pursuant hereto.

Within seven 7 business days of the filing of that motion, the
Receiver shall notify all persons or entities that have filed
claims with the Receiver of the pending termination motion.

Within 45 business days of termination of the receivership, the
Receiver shall prepare and file a Final Report. The Final Report
shall describe the Receiver's activities, identify all assets
marshalled and distributed, provide an accounting of all funds
received and disbursed by the Receiver, identify any unresolved
claims, and describe the current status of any RiversEdge assets
not yet distributed. Any objections to the Final Report must be
filed with the Court and served on the Receiver, its counsel, the
Acting Secretary's counsel, and all other parties having entered
their appearance in this proceeding within thirty business 30 days
of the filing of the Final Report. Any objection not raised as set
forth herein shall be deemed waived. If no objections are received,
the
Final Report will be subject to final approval by the Court.

Nothing in this Order precludes the Receiver from requesting
permission from this Court to terminate its appointment as Receiver
in this case.

            About RiversEdge Advanced Retirement Solutions, LLC

RiversEdge Advanced Retirement Solutions is an independent provider
of recordkeeping, consulting and administrative services for 401(k)
and other defined contribution retirement plans. RiversEdge and
Jennifer Palguta faced litigation captioned as Kevin E. Sonderling
v. Riversedge Advanced Retirement Solutions, LLC, and Jennifer
Palguta v. Mid Atlantic Trust Company dba American Trust Custody,
Beaver County Deferred Compensation Plan, Christian Aid Mission
403(B) Plan, and LCBC Church 403(B) Plan, Case No. 2:24-cv-00104
(W.D. Pa.), before the Hon. Marilyn J. Horan. The case was filed on
Jan. 26, 2024.

Riversedge Advanced Retirement Solutions, LLC and the Palgutas are
represented by:

Michael A. Comber, Esq.
Tina Miller, Esq.
Devin M. Misour, Esq.
Comber Miller LLC
Tel: (412) 894-1380
E-mail: mcomber@combermiller.com
tmiller@combermiller.com
dmisour@combermiller.com

Mid Atlantic Trust Company is represented by:

Susan Kessler, Esq.
Jones Day
Tel: (412) 394-7234
E-mail: skessler@jonesday.com

     – and –

Andy Stanton, Esq.
Jones Day
Tel: (412) 391-3939
E-mail: astanton@jonesday.com

     – and –

William J Delany, Esq.
Groom Law Group, Chartered
Tel: (202) 861-6643
E-mail: wdelany@groom.com

Christian Aid Mission 403 (B) Plan is represented by:

Richard Hooper Ottinger, Esq.
Woods Rogers Vandeventer Black
Tel: (757) 446-8600
E-mail: richard.ottinger@wrvblaw.com

LCBC Church 403 (B) Plan is represented by:

William C. Boak, Esq.
Barley Snyder LLP
Tel: (717) 399-1563
E-mail: wboak@barley.com

     – and –

Justin A. Tomevi, Esq.
Barley Snyder LLP
Tel: (717) 846-8888
E-mail: jtomevi@barley.com

     – and –

Paul W. Minnich, Esq.
Barley Snyder LLP
Tel: (717) 846-8888
E-mail: pminnich@barley.com

Plaintiff may be reached at:

U.S. Department of Labor
Office of the Regional Solicitor
1835 Market Street
Mailstop SOL/22
Philadelphia, PA 19103-2968
Tel: (215) 861-5128
E-mail: luby.andrea@dol.gov



RLG HOLDINGS: New Mountain Finance Marks $4.1MM 1L Loan at 53% Off
------------------------------------------------------------------
New Mountain Finance Corp. has marked its 4,153,000 loan extended
to RLG Holdings, LLC to market at $1,972,000 or 47% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to RLG Holdings, LLC. The 1L Loan accrues interest at a
rate of SOFR(Q) 5.00% 8.67% per annum. The 1L Loan matures on July
2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About RLG Holdings, LLC

RLG Holdings, LLC operates in the packaging industry, supplying
packaging products and related services to commercial customers.


RLG HOLDINGS: New Mountain Finance Marks $7.1MM 1L Loan at 53% Off
------------------------------------------------------------------
New Mountain Finance Corp. has marked its $7,165,000 loan extended
to RLG Holdings, LLC to market at $3,402,000 or 47% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to RLG Holdings, LLC. The 1L Loan accrues interest at a
rate of SOFR(Q) 4.25% 8.18% per annum. The 1L Loan matures on July
2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About RLG Holdings, LLC

RLG Holdings, LLC operates in the packaging industry, supplying
packaging products and related services to commercial customers.


RLG HOLDINGS: New Mountain Marks $1.1MM 1L Loan at 53% Off
----------------------------------------------------------
New Mountain Finance Corp. has marked its $1,194,000 loan extended
to RLG Holdings, LLC to market at $567,000 or 47% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to RLG Holdings, LLC. The 1L Loan accrues interest at a
rate of SOFR(Q) 5.00% 8.67% per annum. The 1L Loan matures on July
2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About RLG Holdings, LLC

RLG Holdings, LLC operates in the packaging industry, supplying
packaging products and related services to commercial customers.



RLG HOLDINGS: New Mountain Marks $10.7MM 2L Loan at 83% Off
-----------------------------------------------------------
New Mountain Finance Corp. has marked its $10,768,000 loan extended
to RLG Holdings, LLC to market at $1,884,000 or 17% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a second lien loan
extended to RLG Holdings, LLC. The 2L Loan accrues interest at a
rate of SOFR(Q) 7.50% 11.43% per annum. The 2L Loan matures on July
2029.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About RLG Holdings, LLC

RLG Holdings, LLC operates in the packaging industry, supplying
packaging products and related services to commercial customers.



RLG HOLDINGS: New Mountain Marks $11.6 million 1L Loan at 52% Off
-----------------------------------------------------------------
New Mountain Finance Corp. has marked its $11,681,000 loan extended
to RLG Holdings, LLC to market at $5,54,000 or 48% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first term loan
extended to RLG Holdings, LLC. The 1L Loan accrues interest at a
rate of SOFR(Q) 4.25% 8.18% per annum. The 1L Loan matures on July
2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About RLG Holdings, LLC

RLG Holdings, LLC operates in the packaging industry, supplying
packaging products and related services to commercial customers.



ROOTED ENTERPRISE: Commences Chapter 11 Bankruptcy in Texas
-----------------------------------------------------------
On May 11, 2026, Rooted Enterprise LLC filed for Chapter 11
protection in the U.S. Bankruptcy Court for the Southern District
of Texas. According to court filings, the Debtor reports between $1
million and $10 million in debt owed to between 1 and 49
creditors.

A meeting of creditors under Section 341(a) to be held on June 17,
2026 at 10:30 AM, US Trustee Houston Teleconference.

The Deadline to file the Chapter 11 Plan is September 9, 2026.

                 About Rooted Enterprise LLC

Rooted Enterprise LLC is a limited liability company engaged in
commercial and operational business activities in Texas.

Rooted Enterprise LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-33356) on May 11, 2026. In its
petition, the Debtor reported estimated assets between $1 million
and $10 million and estimated liabilities between $1 million and
$10 million.

Honorable Bankruptcy Judge Jeffrey P. Norman handles the case.

The Debtor is represented by Elyse M. Farrow, Esq. and Melissa Anne
Haselden, Esq. of Haselden Farrow PLLC.


S&G HOSPITALITY: Court Extends Cash Collateral Access to May 31
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Ohio,
Eastern Division issued an order granting S&G Hospitality, Inc. and
its affiliated debtors another extension to use cash collateral.

Under the order, the Debtors are authorized to use cash collateral
through May 31 in accordance with a court-approved operating
budget. The order requires that expenditures remain within specific
limits, generally not exceeding 10% of each budgeted operating
expense line item, with utilities permitted up to a 15% variance.

The Debtors must also maintain existing debtor-in-possession bank
accounts with U.S. Bank, N.A. and deposit all revenue, including
credit-card receipts, into those accounts. Any modification to the
approved budget requires prior consent from the secured creditor or
approval by the court.

The order provides adequate protection to purported secured
creditors, including RSS COMM2015-PC1 – OH BL, LLC, the U.S.
Small Business Administration, Itria Ventures, and Knight Capital.

As protection, secured creditors will be granted administrative
expense claims and replacement liens on the Debtors' pre-petition
and post-petition collateral to cover any potential decline in
collateral value during the bankruptcy case. However, the court
noted that certain creditors may not be entitled to direct adequate
protection payments because their liens likely had no value when
the bankruptcy petition was filed.

In addition, the debtor making an adequate protection payment to
RSS COMM2015-PC1-OH BL, LLC in the amount of $106,993.56. The
payment includes $17,673.40 escrowed for real property taxes,
$8,277.39 for insurance, and the remaining balance applied toward
obligations under the loan documents.

Additionally, the order imposes several reporting and operational
requirements on the Debtors. They must provide monthly financial
reports comparing actual receipts and expenditures to the approved
budget, maintain insurance and taxes on collateral, and allow
creditor representatives to inspect business records upon notice.

The authorization to use cash collateral will terminate if
specified termination events occur, such as dismissal or conversion
of the Debtors' bankruptcy cases to Chapter 7, appointment of a
trustee, violation of the order, or cessation of business
operations.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/RM54Z from PacerMonitor.com.

                 About S&G Hospitality Inc.

S&G Hospitality, Inc. operates a series of hotels under national
franchise systems in Central Ohio.

S&G Hospitality filed Chapter 11 petition (Bankr. S.D. Ohio Case
No. 23-52859) on August 18, 2023, listing up to $10 million in
assets and up to $1 million in liabilities. Abijit Vasani,
president of S&G Hospitality, signed the petition.

Judge Mina Nami Khorrami oversees the case.

The Debtor is represented by David Alan Beck, Esq. at Carpenter
Lipps & Leland, LLP.


SA POOL: Michael Colvard Named Subchapter V Trustee
---------------------------------------------------
The U.S. Trustee for Region 7 appointed Michael Colvard as
Subchapter V trustee for SA Pool Construction, Inc.

Mr. Colvard will charge $425 per hour for his services as
Subchapter V trustee and $150 per hour for his support staff. The
trustee will also seek reimbursement for work-related expenses
incurred.

Mr. Colvard declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Michael Colvard
     Weston Centre
     112 East Pecan St., Ste. 1616
     San Antonio, TX 78205
     Email: mcolvard@mdtlaw.com
     Telephone: (210) 220-1334

                  About SA Pool Construction Inc.

SA Pool Construction, Inc. sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No. 26-51198) on
May 4, 2026, with $500,001 to $1 million in assets and $100,001 to
$500,000 in liabilities.

Judge Aubrey L. Thomas presides over the case.

Dean William Greer, Esq. represents the Debtor as legal counsel.


SAPPHIRE EXCHANGE: Gets Interim OK to Use Cash Collateral
---------------------------------------------------------
The United States Bankruptcy Court for the Middle District of
Florida entered a preliminary order authorizing The Sapphire
Exchange, LLC to use cash collateral on an interim basis through
June 10, 2026.

Under the order, the Debtor may use cash collateral to pay
authorized operating expenses, including quarterly fees owed to the
United States Trustee, expenses listed in the approved budget, and
additional expenditures approved in writing by the secured
creditor. The Debtor is permitted a variance of up to 10% for each
budget line item. If disputes arise regarding proposed
expenditures, the Debtor is entitled to expedited court hearings.

The Debtor projects total operational expenses of $111,575 for the
period from April to June.

As adequate protection for the lender's interest in the collateral,
the Court granted secured creditors a perfected post-petition
replacement lien on cash collateral to the same extent, validity,
and priority as their prepetition liens. The replacement lien
became effective automatically without requiring additional filings
or documentation under non-bankruptcy law.

The Debtor is also required to maintain insurance coverage
consistent with its obligations under the existing loan and
security agreements with the secured creditors.

The order preserves the rights of all parties and does not
constitute a final determination regarding lien validity, adequate
protection, or restrictions on cash collateral use. The United
States Trustee retains the right to appoint a creditors' committee,
and any such committee may later challenge the validity, priority,
or extent of the secured creditors' liens.

A continued preliminary hearing is scheduled for June 10.

                    About The Sapphire Exchange LLC

The Sapphire Exchange, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02856) on
April 21, 2026, with up to $50,000 in assets and $100,001 to
$500,000 in liabilities.

Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor
as bankruptcy counsel.


SCHMIDTEVIL INC: Seeks to Hire Steidl and Steinberg PC as Counsel
-----------------------------------------------------------------
The Schmidtevil Incorporated seeks approval from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to hire
Steidl and Steinberg, PC to handle its Chapter 11 case.

Christopher Frye, Esq., the primary attorney in this
representation, will be paid at his hourly rate of $400, plus
reimbursement.

The firm received a retainer totaling of $7,500, inclusive of
filing fee, from the Debtor.

Mr. Frye disclosed in a court filing that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Christopher M. Frye, Esq.
     Steidl & Steinberg, PC
     Koppers Building, Suite 322
     436 Seventh Avenue
     Pittsburgh, PA 15219
     Telephone: (412) 391-8000
     Email: chris.frye@steidl-steinberg.com

         The Schmidtevil Incorporated

The Schmidtevil Incorporated sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
26-21217) on April 30, 2026, listing $100,001 to $500,000 in both
assets and liabilities.

Christopher M. Frye, Esq. at Steidl & Steinberg, P.C. serves as the
Debtor's counsel.


SCREEN REPAIR: Jerrett McConnell Named Subchapter V Trustee
-----------------------------------------------------------
The Acting U.S. Trustee for Region 21 appointed Jerrett McConnell,
Esq., at McConnell Law Group, P.A. as Subchapter V trustee for
Screen Repair by Joe Power, LLC.

Mr. McConnell will be paid an hourly fee of $400 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. McConnell declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Jerrett M. McConnell, Esq.
     McConnell Law Group, P.A.
     6100 Greenland Rd., Unit 603
     Jacksonville, FL 32258
     Phone: (904) 570-9180
     info@mcconnelllawgroup.com

               About Screen Repair by Joe Power LLC

Screen Repair by Joe Power LLC, operating under the Screen
Enclosures by Joe Power brand and formerly doing business as 9
Flags LLC, provides screen repair and enclosure contracting
services in Northeast Florida. The Ponte Vedra, Florida-based
company, founded in 2000, designs, builds and repairs patio
enclosures, screened lanais, pool enclosures, screen rooms and
related outdoor living structures for residential customers in
Jacksonville, St. Augustine, Ponte Vedra Beach, Mandarin and
surrounding communities.

Screen Repair by Joe Power sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02029) on
May 5, 2026, with $100,001 to $500,000 in assets and $1 million to
$10 million in liabilities.

Judge Jacob A. Brown presides over the case.

Donald M. DuFresne, Esq., at Parker & Dufresne represents the
Debtor as legal counsel.


SELECTIS HEALTH: Closes $15.7MM Sale of Two Georgia SNF Properties
------------------------------------------------------------------
Selectis Health, Inc. disclosed in a regulatory filing that certain
wholly-owned subsidiaries of the Company, GLOBAL ABBEVILLE
PROPERTY, LLC and DODGE NH, LLC, each a Georgia limited liability
company, consummated a definitive Purchase and Sale Agreement with
GA SNF ABBEVILLE GA LLC and GA SNF EASTMAN GA LLC, both limited
liability companies.

Pursuant to the PSA, each Seller agreed to sell substantially all
of the real and personal property owned by each, namely the skilled
nursing facilities located at:

    (i) 206 Main Street E., Abbeville, Georgia, upon which is
located that certain 101-bed skilled nursing facility commonly
known as "Glen Eagle Healthcare and Rehab", and

   (ii) 556 Chester Highway, Eastman Georgia, upon which is located
that certain 100-bed skilled nursing facility commonly known as
"Eastman Healthcare and Rehab".

The purchase price to be paid by Purchaser for the two Facilities
under the PSA was an aggregate of $15.7 million, subject to certain
prorations, holdbacks and adjustments customary in transactions of
this nature. Net proceeds received at closing, after payment of
mortgage debt and other liabilities, were approximately $9 million
excluding $1.57 million of escrows established at closing, which
may be released to Sellers in the future unless Purchaser asserts
claims for indemnity under the PSA. The Sellers retained the right
to pursue and collect amounts from tenants relating to pre-closing
periods (including amounts relating to pre-closing periods that
have been deferred and are to be repaid by tenants sometime after
the closing date).

Concurrently with the consummation of the PSA, the controlled lease
operators of the Facilities consummated an Operations Transfer
Agreement with controlled subsidiaries of the Purchasers under
which all assets and operations of Old Operators were transferred
to New Operators. No additional or separate consideration was paid
by New Operators for the assets and operations so assigned.

                       About Selectis Health

Headquartered in Greenwood Village, Colo., Selectis Health, Inc.
owns and operates, through wholly-owned subsidiaries, Assisted
Living Facilities, Independent Living Facilities, and Skilled
Nursing Facilities across the South and Southeastern portions of
the US. In 2019, the Company shifted from leasing long-term care
facilities to third-party, independent operators towards an owner
operator model.

New York, NY-based WithumSmith+Brown, PC, the Company's auditor
since 2024, issued a "going concern" qualification in its report
dated April 15, 2026, attached to the Company's Annual Report on
Form 10-K for the year ended December 31, 2025, citing that the
Company has a significant working capital deficiency, has incurred
significant losses from operations, has accumulated deficits and
needs to raise additional funds to meet its obligations and sustain
its operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of December 31, 2025, the Company had $32.6 million in total
assets, $38.8 million in total liabilities, and $6.2 million in
total deficit.


SENIOR HOME HEALTH: Gets Interim OK to Use Cash Collateral
----------------------------------------------------------
The United States Bankruptcy Court for the District of Minnesota
entered an order authorizing Senior Home Health Care, LLC to use
cash collateral and granting adequate protection to secured
creditors in its Subchapter V Chapter 11 case.

The Court authorized the Debtor to use cash collateral in
accordance with financial projections filed in support of the
motion through June 30, 2026.

As adequate protection for any decline in the value of the secured
creditors' collateral resulting from the Debtor's use of cash
collateral, the Court granted replacement liens on post-petition
assets of the same type and nature as the prepetition collateral.

These replacement liens maintain the same priority and effect as
the lenders' original liens, subject to section 552 of the
Bankruptcy Code, but specifically do not attach to Chapter 5
avoidance claims.

In addition to replacement liens, the Debtor must continue
maintaining insurance coverage on its assets and provide reports
and documents reasonably requested by secured creditors. The Court
overruled all remaining objections not specifically addressed in
the order.

The authorization to use cash collateral expires on June 30, 2026.

                  About Senior Home Health Care, LLC

Senior Home Health Care, LLC is a Medicare-certified skilled home
health agency.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Minn. Case No. 26-41044) on March 30,
2026. In the petition signed by Jeylani Hashi, president, the
Debtor disclosed up to $1 million in assets and up to $10 million
in liabilities.

Karl Johnson, Esq., at MJB Law Firm PLLC, represents the Debtor as
legal counsel.


SENSEONICS HOLDINGS: Lifts Going Concern Doubt After $92MM Offering
-------------------------------------------------------------------
Senseonics Holdings, Inc. has filed its Quarterly Report on Form
10-Q with the U.S. Securities and Exchange Commission, reporting a
net loss of $32.3 million for the three months ended March 31,
2026, compared to a net loss of $14.3 million for the same period
in the prior year.

Total revenue for the first quarter of 2026 was $11.7 million
compared to $6.3 million for the first quarter of 2025. U.S.
revenue was $9.3 million for the first quarter of 2026 compared to
$4.5 million for the first quarter of 2025, and revenue outside the
U.S. was $2.4 million in the first quarter of 2026 compared to $1.8
million in the prior year period.

First quarter 2026 gross profit was $6.9 million compared to a
gross profit of $1.5 million for the first quarter of 2025. The
increase in gross profit was primarily due to higher U.S. revenues
driven by continued adoption of the Eversense E365 system, higher
average selling prices, and a more streamlined manufacturing and
supply chain, contributing to improved margins. First quarter 2026
gross profit also included a one-time benefit of $0.5 million
related to the timing of the Eversense 365 product launch in
Europe.

First quarter 2026 research and development expenses increased by
$1.3 million year-over-year to $8.6 million from $7.3 million for
the first quarter of 2025. The increase was primarily driven by the
new R&D project spend, along with the ramp-up of new clinical
trials and increased headcount to support these activities.

First quarter 2026 selling, general and administrative expenses
increased by $22.5 million year-over-year to $30.2 million from
$7.7 million for the first quarter of 2025. The increase was
primarily driven by higher sales and marketing and general and
administrative expenses associated with the U.S. commercial
integration and the transition of Eversense commercialization and
distribution, including increased personnel, transition support,
direct-to-consumer marketing, and other operational costs.

Cash, cash equivalents and investments were $64.6 million and
outstanding indebtedness was $35.2 million.

Full Year 2026 Financial Outlook

Senseonics now expects full-year 2026 global net revenue to be
approximately $60 – $64 million, representing year-over-year
growth of 70% – 82%, based on growing scale and the expected
completion of the transition of Eversense commercialization from
Ascensia in Europe to bring the entire sales and marketing
infrastructure in-house. Gross margins are expected to be
approximately 55% – 58% for the full year. The financial outlook
takes into consideration the following factors:

     (i) the roll-out of Eversense 365 outside the United States,

    (ii) plans with respect to spending on the DTC marketing
campaigns to generate leads,

   (iii) the status of other sales and marketing initiatives, and

    (iv) utilization of the patient assistance programs for
Eversense 365.

Liquidity and Capital Resources

The Company has not generated significant profit from the sale of
products and its ability to generate revenue and achieve
profitability largely depends on the Company's ability to
successfully expand the commercialization of its implantable
continuous glucose monitoring systems, including the Eversense E3
system and the Eversense 365 system, continue the development of
its products and product upgrades, and to obtain necessary
regulatory approvals or certifications for the sale of those
products. These activities including the costs associated with the
Company's plans to transition the commercial activities back to the
Company will require significant uses of working capital through
2026 and beyond. The Company generated total net loss of $(69.1)
million and $(78.6) million for the years ended December 31, 2025
and 2024, respectively. For the three months ended March 31, 2026,
the Company had a net loss of $32.3 million and an accumulated
deficit of $1.0 billion. To date, the Company has funded its
operations principally through the issuance of preferred stock,
common stock, warrants, convertible notes and debt. As of March 31,
2026, the Company had unrestricted cash, cash equivalents and
marketable securities of $64.3 million.

Several actions have been taken by the Company with regard to
liquidity and to manage its cash flows for the year ended December
31, 2025, the three months ended March 31, 2026 and subsequent to
March 31, 2026. These actions included, but were not limited to,
the completion of multiple equity financing transactions during
2025, including an underwritten public offering and private
placement resulting in aggregate net proceeds of approximately
$72.2 million, approximately $30.8 million in net proceeds received
under the Equity Distribution Agreement from March 2024 through
March 2025, and approximately $3.5 million in net proceeds from the
sale of 478,067 shares under the Sales Agreement during the three
months ended March 31, 2026. In addition, subsequent to March 31,
2026, the Company completed additional equity and debt financing
transactions.

On May 4, 2026, the Company completed an underwritten public
offering of 8,000,000 shares of its common stock at a public
offering price of $5.00 per share and, in lieu of common stock,
pre-funded warrants to purchase 8,000,000 shares of common stock at
a purchase price of $4.999 per pre-funded warrant share. In
connection with the offering, the Company granted the underwriters
a 30-day option to purchase up to an additional 2,400,000 shares of
common stock at the public offering price, less underwriting
discounts and commissions, which the underwriters exercised in
full. As a result, the total gross proceeds to the Company from the
offering were approximately $92.0 million, before deducting
underwriting discounts and commissions and other offering expenses
payable by the Company. The net proceeds to the Company are
estimated to be approximately $86.0 million, after deducting
underwriting discounts and commissions and estimated offering
expenses.

On May 1, 2026, the Company entered into a Second Amendment to its
Loan and Security Agreement with Hercules Capital, Inc., pursuant
to which the lenders agreed to make available to the Company up to
$140.0 million in senior secured term loans. The facility consists
of:

     (i) an initial term loan of $35.0 million, which was
previously funded,

    (ii) an additional term loan of $10.0 million, and

   (iii) additional tranches of term loans in the amounts of up to
$10.0 million, $10.0 million, $15.0 million and an uncommitted
$60.0 million, respectively, subject to the satisfaction of
specified conditions. The loans under the Amended Loan Agreement
mature on September 3, 2029. The Second Amendment closed on May 6,
2026, and both the 2026 Tranche 2 Loan and 2026 Tranche 3A Loan
were funded at closing for total proceeds of $20.0 million.

In accordance with the FASB Accounting Standards Codification Topic
205-40, Presentation of Financial Statements-Going Concern,
management is required to assess the Company's ability to continue
as a going concern through 12 months after issuance of the
financial statements. Management previously disclosed conditions
and events that raised substantial doubt about the Company's
ability to continue as a going concern. In addition, given the
Company's historical reliance upon debt and equity financing,
management will continue to evaluate its funding needs against
operating performance and strategic initiatives.

As of the first quarter of 2026, based on current operating plans,
the subsequent receipt of financing proceeds, its existing
unrestricted cash, cash equivalents and marketable securities,
management now believes that the Company has sufficient resources
to meet the Company's anticipated operating needs for the next 12
months from the issuance of the financial statements. Accordingly,
management has concluded that the substantial doubt that was raised
in the past about the Company's ability to continue as a going
concern has been alleviated.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/bdhf2sv4

                   About Senseonics Holdings, Inc.

Senseonics Holdings, Inc. is a commercial-stage medical technology
company focused on the development and manufacturing of glucose
monitoring products designed to transform lives in the global
diabetes community with differentiated, long-term implantable
glucose management technology.

As of March 31, 2026, the Company had $102.9 in total assets, $68.5
million in total liabilities, and $34.3 million in total
stockholders' equity.

                              *  *  *

This concludes the Troubled Company Reporter's coverage of
Senseonics Holdings until facts and circumstances, if any, emerge
that demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


SENSIENCE INC: S&P Downgrades Issuer Credit Rating to 'SD'
----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Westerville,
Ohio-based Sensience Inc. to 'SD' (selective default) from 'CCC-',
our issue-level rating on the first-lien term loan to 'D' from
'CCC-', and its rating on the second lien term to 'D' from 'CC'.

S&P also affirmed its 'CCC-' rating on the revolver.

On April 30, 2026, Westerville, Ohio-based Sensience Inc. missed
interest payments on its $360 million first-lien term loan due in
2029 and $110 million second-lien term loan due in 2030.

The 10-day grace period on the first-lien term loan and five-day
grace period on the second-lien term loan have passed, which we
view as akin to a default because the issuer has failed to keep its
original promise. S&P understands that the company remains current
on its other obligations, including the $65 million revolving
credit facility due in May 2027.

On May 6, 2026, Sensience entered into a transaction support
agreement (TSA) with its financial sponsor (OneRock) and first- and
second-lien term loan lenders.

The downgrade reflects Sensience's missed term loan interest
payments. The quarterly interest payment on its term loans, which
we estimate to be about $15 million in total, was due on April 30,
2026. In addition, the 10-day grace period for the first-lien debt
and five-day grace period for the second-lien debt have passed. On
May 6, Sensience entered into a TSA with OneRock and all of its
first- and second-lien term loan lenders. Lenders agreed to defer
the missed interest payment, and a financing transaction is
underway to address the payments and ongoing liquidity pressures.
S&P said, "We expect this transaction to close on or near May 29,
2026. We view the missed interest payments on the term loans as a
default given Sensience's failure to meet the debt's original
promise, regardless of the lenders' consent to defer the payment."

Liquidity has remained pressured since Sensience's previous debt
restructuring. Over the past 12 months, Sensience has benefited
from stronger heating, ventilation, and air conditioning (HVAC)
replacement cycle demand and cost-reduction actions to materially
improve its S&P Global Ratings-adjusted margin profile to about 15%
in fiscal 2025 from approximately 7% in 2023. However, it has
struggled to generate positive free operating cash flow since the
carve-out from Emerson Electric in 2022, leading to ongoing
liquidity issues and making its capital structure unsustainable to
meet its financial obligations.

S&P will reevaluate its ratings on Sensience as significant
developments related to the capital structure arise or upon the
announcement of a more comprehensive debt-restructuring plan.


SF OAKLAND: Seeks to Hire Peter N. Hadiaris as Appellate Counsel
----------------------------------------------------------------
SF Oakland Bay LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of California to employ Peter N. Hadiaris
as appellate counsel.

Prior to filing bankruptcy, the Debtor was party to litigation
pending in the San Francisco Superior Court styled as SF Oakland
Bay LLC v. Portside Master Owners Association Case No.
CGC-21-596605.

A judgment was entered against the Debtor and in favor of the
defendant in the State Court Action. The Debtor filed an appeal of
the judgment

Mr. Hadiaris will handle the appeal currently pending before the
California Courts of Appeals First Appellate District.

Mr. Hadiaris' hourly rate is $450.

Mr. Hadiaris has requested a retainer of $20,000 toward the fees
incurred in handling the appeal.

Mr. Hadiaris does not represent any interest adverse to the Debtor
or the estate.

The firm can be reached through:

     Peter Nicholas Hadiaris, Esq.
     100 E St Ste 210
     Santa Rosa, CA 95404-4606
     Phone: (415) 694-0052
     Email: peter@hadiaris.com

       About SF Oakland Bay LLC

SF Oakland Bay, LLC operates a parking garage located at 401 Main
Street/38 Bryant Street in San Francisco, which serves nearby
condominiums, offices, and residences.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Calif. Case No. 25-30699) on September
3, 2025, listing up to $10 million in assets and liabilities.

Judge Hannah L. Blumenstiel oversees the case.

Peter Hadiaris, Esq., at the Law Office of Peter N. Hadiaris,
represents the Debtor as bankruptcy counsel.


SHARING ECONOMY: Names New CEO, CFO and Directors
-------------------------------------------------
Sharing Economy International Inc. said Ximing Huang was appointed
chairman, chief executive officer and president after Wu Shanna
resigned as chief executive officer and as a director, according to
the company's filing with the Securities and Exchange Commission.

Huang has served as chief executive officer of Light Across Inc.
since July 2022. From December 2016 to July 2022, Mr. Huang served
as chief executive officer of Nanjing Bordrin New Energy Vehicle
Co. Ltd., an electric vehicle brand company he founded.

In addition, Shao Yuan Guo, Cheng Wai Yin and Bautista Michael
Bibat resigned as directors, while Lam Ka Man resigned as chief
financial officer. Sharing Economy said the resignations did not
result from any disagreement with the company on its operations.

The board appointed Johnny Chen as director, chief financial
officer, secretary and treasurer, Hao Zeng as director and Keving
Yikang Zhang as director.

                       About Sharing Economy

Sharing Economy International Inc. focuses on developing
sharing-economy platforms and related rental businesses. The
company's platform initiatives are intended to enable individuals
and businesses to share access to assets, resources and services,
and its operating plans include rental and platform-based business
models. The company said those initiatives are in an early stage
and depend on its ability to obtain additional capital. Sharing
Economy International is based in Hong Kong.

In an audit report dated May 7, 2026, LAO Professionals included a
going concern qualification, citing Sharing Economy's accumulated
deficit and recurring operating losses. These matters raised
substantial doubt about the Company's ability to continue as a
going concern.

As of March 31, 2026, the company reported total assets of $18.16
million, total liabilities of $4.20 million and total stockholders'
equity of $13.96 million.


SHARON VITALE: Hires Nicholson & Eastin LLP as Special Counsel
--------------------------------------------------------------
Sharon Vitale, PA seeks approval from the U.S. Bankruptcy Court for
the Southern District of Florida to employ Nicholson & Eastin, LLP
as special counsel.

The firm will provide these services:

   (a) advise the Debtor with respect to their enrollment as a
Florida Medicaid provider through AHCA and any current payment
suspension and/or alleged overpayment;

   (b) advise the Debtor with respect to their payment obligations
in connection with any alleged overpayment as well as their
responsibilities in complying with any terms imposed by AHCA in
order for any current payment suspension to be lifted and for their
enrollment as a Medicaid provider through AHCA to continue; and

   (c) represent the Debtor in negotiations with AHCA regarding
Debtor's enrollment as a Florida Medicaid provider, the lifting of
any current payment suspension, as well as repayment of any alleged
overpayment assessed by AHCA.

The firm has agreed to perform said services at the hourly rate of
$500.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Erin M. Ferber, Esq., a partner at Nicholson & Eastin, LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Erin M. Ferber, Esq.
     Nicholson & Eastin, LLP
     1330 Southeast 4th Avenue, Suite J
     Fort Lauderdale, FL 33316
     Tel: (954) 634-4400
     Fax: (954) 634-4418

       About Sharon Vitale PA

Sharon Vitale PA, doing business as Mobile Wound and Skin
Practitioners, is a Florida-based healthcare practice that provides
mobile wound and skin care services. The company specializes in the
assessment and treatment of chronic and complex wounds, including
adult wound management, and delivers services outside traditional
clinical settings.

Sharon Vitale filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12265) on
February 24, 2026, listing $30,551 in assets and $1,645,692 in
liabilities. The petition was signed by Sharon Vitale as
president.

The Debtor tapped Craig I. Kelley, Esq., at Kelley Kaplan Delaney &
Eller, PLLC as counsel and Tax Life Savers, Inc. as accountant.


SHORELINE BUILDERS: Wins Interim Cash Collateral Access
-------------------------------------------------------
The United States Bankruptcy Court for the Southern District of New
York entered a interim order allowing Shoreline Builders, LLC to
use cash collateral during its Chapter 11 bankruptcy case.

During the interim period, the Debtor may use cash collateral only
in accordance with an approved operating budget subject to a 15%
variance. Permitted uses include payroll, payroll taxes, insurance,
professional fees, operational expenses, and adequate protection
payments.

The order recognizes claims asserted by Customers Bank and Kapitus
LLC. Customers Bank claims approximately $1.409 million secured by
first-priority liens on substantially all of the Debtor's assets,
including inventory, accounts receivable, equipment, and cash
collateral. Kapitus separately claims at least $387,215 secured by
junior liens on the same collateral.

As adequate protection, the Debtor must make weekly payments of
$2,500 to Customers Bank and $500 to Kapitus beginning April 27,
2026. The lenders also received replacement liens on post-petition
assets and were granted superpriority protections to compensate for
any decline in the value of their collateral.

The order imposes extensive compliance obligations and strict
default provisions. The Debtor must maintain insurance, deposit all
receipts into debtor-in-possession accounts, comply with
prepetition loan documents, and avoid unauthorized asset transfers.
Numerous events—including reporting failures, budget deviations,
missed payments, case conversion, appointment of certain examiners,
or lifting of the automatic stay—constitute events of default.
Upon an uncured default, the Debtor's authority to use cash
collateral automatically terminates, the automatic stay may be
lifted, and Customers Bank may immediately exercise remedies
against collateral.

The order also preserves all rights of subcontractors and suppliers
under New York Lien Law Article 3-A and reserves all parties'
rights to contest lien validity, adequate protection, trust fund
issues, fees, and future relief requests.

A second interim hearing scheduled for May 27.

A copy of the court's order is available at
https://shorturl.at/KASVH from PacerMonitor.com.

                 About Shoreline Builders LLC

Shoreline Builders LLC is a construction and development company
engaged in residential and commercial building projects. The
company provides general contracting, renovation, and construction
management services.

Shoreline Builders LLC sought relief under Chapter 7 of the U.S.
Bankruptcy Code on April 21, 2026. The Debtor reports estimated
assets of $1 million to $10 million and estimated liabilities
within the same range.

Judge Shireen A. Barday oversees the case.

H. Bruce Bronson, Esq., at Bronson Law Offices, P.C., represents
the Debtor as bankruptcy counsel.


SOBR SAFE: To Cut About 70% of Workforce in Restructuring
---------------------------------------------------------
SOBR Safe Inc. said it initiated a restructuring plan that will cut
11 employees, representing about 70% of its workforce, according to
a recent Form 8-K filing.

The May 7 restructuring is connected to its April 24 merger
agreement with Clean World Ventures Inc. and SOBR Safe Merger Sub
Inc. The plan is intended to reduce operating costs and align the
workforce with the company's strategic and operational priorities.

SOBR Safe expects the restructuring to reduce annual operating
costs by about $1.6 million. The company expects aggregate
restructuring charges of about $105,000, primarily severance,
employee-related costs and contract termination costs, with most
charges and cash expenditures expected in the second quarter of
2026.

                         About SOBR Safe

SOBR Safe Inc. develops and commercializes non-invasive technology
intended to identify the presence of alcohol in individuals. The
company's SOBRsafe platform includes SOBRcheck, a stationary
identification and screening device, and SOBRsure, a wearable band
for alcohol monitoring. SOBR Safe targets applications in
behavioral wellness, licensing and integration, commercial
workplace safety and consumer uses such as co-parenting and
personal accountability. The company is based in Greenwood Village,
Colorado.

In an audit report dated April 10, 2026, Haynie & Company included
a going concern qualification, citing SOBR Safe's recurring losses,
limited cash liquidity and limited capital resources to meet future
capital requirements. Those conditions raised substantial doubt
about the company's ability to continue as a going concern.

As of March 31, 2026, the company reported total assets of $3.79
million, total liabilities of $1.15 million and total stockholders'
equity of $2.64 million.


SONNY BOY: Taps Deiches & Ferschmann as Bankruptcy Counsel
----------------------------------------------------------
Sonny Boy Produce, LLC seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Deiches & Ferschmann,
PA as counsel.

The firm will render these services:

   a. give legal advice to the Debtor with respect to its duties
and powers as the Debtor and debtor in possession;

   b. prepare necessary applications, answers, orders, reports, and
other papers; and

   c. provide other legal services which may be necessary.

Deiches & Ferschmann will be paid a retainer in the amount of
$15,000.

Deiches & Ferschmann will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Ira R. Deiches, a partner at Deiches & Ferschmann, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Deiches & Ferschmann can be reached at:

     Ira R. Deiches, Esq.
     DEICHES & FERSCHMANN
     25 Wilkins Avenue
     Haddonfield, NJ 08033
     Tel: (856) 428-9696
     E-mail: ideiches@deicheslaw.com

         About Sonny Boy Produce, LLC

Sonny Boy Produce is a grower and shipper of fresh produce based in
Landisville, New Jersey. The company grows, sources, ships, and
delivers fruits and vegetables, including blueberries, citrus,
apples, pears, leafy greens, cooking greens, herbs, and other
produce. It serves retailers and their customers and has roots in
New Jersey with stated global reach.

Sonny Boy Produce, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No.
26-14946) on May 1, 2026, listing $90,269 in assets and $4,493,524
in liabilities. The petition was signed by Thomas V. Consalo as
member.

Ira Deiches, Esq. at Deiches & Ferschmann serves as the Debtor's
counsel.


SONSHINE REAL: Commences Chapter 11 Bankruptcy in Missouri
----------------------------------------------------------
Sonshine Real Estate Investments LLC filed a voluntary petition for
relief under Chapter 11 on May 12, 2026, in the U.S. Bankruptcy
Court for the Eastern District of Missouri. According to the
filing, the Debtor reports liabilities between $100,001 and
$1,000,000 and a creditor count ranging from 1 to 49.

The deadline to file statement of financial affairs is set for May
26, 2026.

             About Sonshine Real Estate Investments LLC

Sonshine Real Estate Investments LLC is engaged in real estate
investment, acquisition, and property management activities.

The company sought Chapter 11 protection under Bankr. Case No.
26-42065. In its bankruptcy schedules, Sonshine Real Estate
Investments LLC disclosed estimated assets between $100,001 and
$1,000,000 and estimated liabilities in the same range.

The case is being administered in the Eastern District of Missouri
bankruptcy court. The Debtor is represented by Joe Pioletti, Esq.
of Pioletti Pioletti & Nichols.


SPANISH BROADCASTING: Court Okays $7MM DIP Funding
--------------------------------------------------
Emlyn Cameron of Law360 Bankruptcy Authority reports that Spanish
Broadcasting System Inc. won interim approval Tuesday from a
Delaware bankruptcy judge to access $7 million in postpetition
financing as part of a larger $30 million DIP loan package designed
to support the company during its Chapter 11 case.

The court also established scheduling procedures for confirmation
of the company's proposed restructuring plan. Company
representatives said the financing will help ensure uninterrupted
business operations while management works to reorganize its
balance sheet and address creditor claims, according to report.

Spanish Broadcasting System Inc. owns and operates radio stations,
entertainment programming, and digital media assets targeting
Hispanic audiences in several metropolitan markets. The company
entered bankruptcy seeking to restructure debt while continuing
normal broadcasting operations, the report states.

             About Spanish Broadcasting System

Spanish Broadcasting System Inc. operates Spanish-language radio
stations and media properties serving Hispanic communities across
the U.S. and Puerto Rico. The company’s business includes radio
broadcasting, digital advertising, music programming and live
entertainment initiatives. Through its portfolio of stations and
online brands, the company delivers music, news, talk and cultural
programming tailored to Latino listeners.

Spanish Broadcasting System sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10708) on May 11,
2026. In its petition, the Debtor reports estimated assets and
liabilities between $100 million and $500 million each.

Honorable Bankruptcy Judge Brendan Linehan Shannon handles the
case.

The Debtor is represented by Robert J. Dehney, Esq. of Morris,
Nichols, Arsht & Tunnell. Fried, Frank, Harris, Shriver & Jacobson
LLP was retained as general bankruptcy counsel, while GLC Advisors
& Company is serving as investment banker. Financial advisory and
chief restructuring officer duties are being handled by Riveron
Management Services LLC and Jesse York, and Kroll Restructuring
Administration LLC is serving as claims agent.


SPANISH BROADCASTING: Milbank & Richards Layton Advise Noteholders
------------------------------------------------------------------
An ad hoc group of noteholders to Spanish Broadcasting System, Inc.
and its debtor-affiliates, represented by Milbank LLP and Richards,
Layton & Finger, P.A. as counsel, filed with the United States
Bankruptcy Court for the District of Delaware, a Verified Statement
pursuant to Federal Rule of Bankruptcy Procedure 2019 to inform the
Court of the Group's current members and the nature and amount of
claims they held in the Debtors' cases.

The Ad hoc group holds 9.750% senior secured notes due 2026  issued
by Spanish Broadcasting System, Inc. under an Indenture, dated as
of February 17, 2021, among Spanish Broadcasting System, Inc., as
issuer, the guarantors from time to time party thereto, and
Wilmington Trust, National Association, as trustee and collateral
agent (as amended or supplemented from time to time).

According to the Group's Verified Statement:

     1. In March 2026, the Ad Hoc Committee retained Milbank as
counsel with respect to the Senior Secured Notes. In May 2026, the
Ad Hoc Committee retained RLF to act as Delaware counsel.

     2. As of the date of this Verified Statement, Counsel
represents the Ad Hoc Committee and does not represent or purport
to represent any entities other than the Ad Hoc Committee in
connection with the Debtors' chapter 11 cases. In addition, neither
the Ad Hoc Committee nor any member of the Ad Hoc Committee
represents or purports to represent any other entities in
connection with these cases.

     3. The members of the Ad Hoc Committee have indicated to
Counsel that they hold disclosable economic interests or act as
investment managers or advisors to funds and/or accounts that hold
disclosable economic interests in relation to the Debtors.

     4. Nothing contained in this Verified Statement should be
construed as a limitation upon, or waiver of, any rights of any
member of the Ad Hoc Committee to assert, file, and/or amend any
claim or proof of claim filed in accordance with applicable law and
any orders entered in these cases.

     5. The information contained herein is provided only for the
purpose of complying with Bankruptcy Rule 2019 and is not intended
for any other use or purpose.

     6. Counsel reserves the right to amend this Verified Statement
as may be necessary in accordance with the requirements outlined in
Bankruptcy Rule 2019.

The names, addresses, nature, and amount of all disclosable
economic interests of each present member of the Ad Hoc Committee
in relation to the Debtors, are:

     1. ALGEBRIS (UK) LIMITED
        First Floor, 11 Waterloo Place
        SW1Y 4AU, London, UK

        Aggregate Principal Amount
        of Senior Secured Notes
        $1,450,000

        Aggregate Amount of
        Class A Common Shares
        -

     2. ALGEBRIS (UK) LIMITED
        First Floor, 11 Waterloo Place
        SW1Y 4AU, London, UK

        Aggregate Principal Amount
        of Senior Secured Notes
        $5,702,000

        Aggregate Amount of
        Class A Common Shares
        -

     3. ALTERNATIVE CREDIT INCOME FUND
        650 Madison Ave, 3rd Floor
        New York, NY 10028

        Aggregate Principal Amount
        of Senior Secured Notes
        $3,000,000

        Aggregate Amount of
        Class A Common Shares
        -

     4. BOF VI CREDIT I, LLC
        Bayside Capital, LLC
        1450 Brickell Ave, 31st Floor
        Miami, FL 33131

        Aggregate Principal Amount
        of Senior Secured Notes
        $31,100,000

        Aggregate Amount of
        Class A Common Shares
        -

     5. BRIGADE CAPITAL MANAGEMENT, LP
        399 Park Ave, 16th Floor
        New York, NY 10022
        
        Aggregate Principal Amount
        of Senior Secured Notes
        $130,383,000

        Aggregate Amount of
        Class A Common Shares
        -

     6. CONCISE CAPITAL MANAGEMENT, LP
        777 Brickell Ave, Suite 630
        Miami, FL 33131

        Aggregate Principal Amount
        of Senior Secured Notes
        $26,679,000

        Aggregate Amount of
        Class A Common Shares
        -

     7. HF FUND LP
        180 Lakeview Avenue, Suite 800
        West Palm Beach, FL 33401

        Aggregate Principal Amount
        of Senior Secured Notes
        $4,035,000

        Aggregate Amount of
        Class A Common Shares
        -

     8. MAN INVESTMENT PARTNERS (US) LP
        299 Park Avenue
        New York, NY 10171

        Aggregate Principal Amount
        of Senior Secured Notes
        $61,989,000

        Aggregate Amount of
        Class A Common Shares
        219,329

     9. METLIFE INVESTMENT MANAGEMENT
        MetLife Investment Management
        2381 Rosecrans Avenue, Suite 320
        El Segundo, CA 90245

        Aggregate Principal Amount
        of Senior Secured Notes
        $17,826,000

        Aggregate Amount of
        Class A Common Shares
        -

    10. NEWPORT GLOBAL ADVISORS LP
        9006 Forest Crossing, Suite D
        The Woodlands, TX 77381

        Aggregate Principal Amount
        of Senior Secured Notes
        $7,612,000

        Aggregate Amount of
        Class A Common Shares
        250,000

    11. PACIFIC INCOME ADVISERS, INC.
        2321 Rosecrans Ave., Suite 1260
        El Segundo, CA 90245
      
        Aggregate Principal Amount
        of Senior Secured Notes
        $4,635,000

        Aggregate Amount of
        Class A Common Shares
        -

        Total Aggregate Principal Amount
        of Senior Secured Notes:
        $294,411,000

        Total Aggregate Amount of
        Class A Common Shares
        469,329

Counsel to the Ad Hoc Committee:

Michael J. Merchant, Esq.
Amanda R. Steele, Esq.
James F. McCauley, Esq.
RICHARDS, LAYTON & FINGER, P.A.
One Rodney Square
920 N. King Street
Wilmington, DE 19801
Tel: (302) 651-7700
Fax: (302) 651-7701
E-mail: merchant@rlf.com
        steele@rlf.com
        mccauley@rlf.com

     - and -

Michael Price, Esq.
Andrew Harmeyer, Esq.
Brian Kinney, Esq.
MILBANK LLP
55 Hudson Yards
New York, NY 10001
Tel: (212) 530-5000
Fax: (212) 530-5219
E-mail: mprice@milbank.com
        aharmeyer@milbank.com
        bkinney@milbank.com

                About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. (Spanish Broadcasting) owns and
operates radio stations in addition to the AIRE radio network,
digital interactive services, and live events focused on Spanish
language content.

Spanish Broadcasting System, Inc. and several affiliates sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del.
Case No. 26-10737) on May 11, 2026. In its petition, the Debtor
reports $100 million to $500 million in both assets and
liabilities.

The Hon. Bankruptcy Judge Brendan Linehan Shannon handles the
jointly administered cases.

The Debtors retained as Chief Restructuring Officer, Jesse York, of
the firm Riveron Management Services, LLC; GLC Advisors & Company
as investment banker; the law firms of Fried, Frank, Harris,
Shriver & Jacobson LLP and Morris, Nichols, Arsht & Tunnell LLP as
restructuring counsel; and Kroll Restructuring Administration LLC
as notice, claims and administrative agent.

An ad hoc group of noteholders to Spanish Broadcasting System, Inc.
is represented by Milbank LLP and Richards, Layton & Finger, P.A.
as counsel.

                          *     *     *

The Debtors filed a plan of reorganization and disclosure statement
together with their Chapter 11 petitions.  The Confirmation
Hearing, at which time this Court will consider, among other
things, the adequacy of the Disclosure Statement and confirmation
of the Plan, will be held on June 25, 2026, at 10:00 a.m.
(Prevailing Eastern Time).  Any objections to adequacy of the
Disclosure Statement and confirmation of the Plan must have been
received by June 18.


SPHERE 3D: Advances Business Combination with Cathedra Bitcoin
--------------------------------------------------------------
Sphere 3D Corp. and Cathedra Bitcoin Inc. provided an update
regarding their previously announced proposed business combination,
which remains expected to close in the near term, pending the
satisfaction of customary closing conditions and required
approvals.

The proposed combination is intended to create a scaled digital
infrastructure platform anchored in a central market reality: as
demand for compute capacity continues to expand, access to
scalable, efficiently managed power is becoming increasingly
valuable. Management believes the combined company will be better
positioned to capitalize on this dynamic through a modular, capital
disciplined infrastructure model optimized for speed, flexibility,
and disciplined deployment.

Upon closing, the combined company is expected to initially operate
53 megawatts (MW) of managed power capacity across five data
centers in Iowa, Kentucky, and Tennessee, providing a scaled,
multi-site operating footprint with embedded optionality for
expansion and workload diversification.

The strategic rationale for the transaction is straightforward.
Demand for compute-intensive infrastructure is rising across
artificial intelligence, data processing, and other high-density
workloads, while traditional infrastructure development remains
constrained by long build cycles, high capital intensity, and
limited flexibility once deployed. Against this backdrop, the
combined company is expected to operate with a more adaptable
architecture, including modular and containerized infrastructure
that can be deployed and redeployed in response to power
availability, market economics, and customer demand.

Management believes this architecture creates meaningful strategic
advantages. The combined company is expected to benefit from
improved infrastructure utilization, more efficient power
optimization, and faster deployment timelines relative to
traditional fixed site development models. These characteristics
are increasingly relevant in an environment where energy
availability, deployment speed, and capital efficiency are becoming
central determinants of infrastructure value.

The proposed combination is also expected to expand Sphere 3D's
ability to support a wider range of compute applications over time.
In addition to legacy operations, the platform is being positioned
to pursue higher value opportunities across high performance
compute, AI infrastructure, and other advanced digital
infrastructure workloads, leveraging existing power relationships
and site capabilities to maximize asset productivity and drive long
term returns on invested capital.

Importantly, the combined company is expected to enter this next
phase with tangible forward visibility. Cathedra recently announced
a new hosting agreement expected to utilize approximately 80% of
the 15 MW capacity at its Shire site in Kentucky, representing
roughly 25% of Cathedra's current hosting capacity, and
establishing what management views as a stable, long term revenue
stream. This development adds a meaningful layer of operating
visibility as the transaction progresses toward closing.

Following closing, the combined company expects to focus on
integration execution, asset optimization, power strategy
refinement, and disciplined evaluation of workload opportunities to
enhance asset productivity and improve revenue quality over time.
The objective is not simply greater scale, but to establish a
stronger strategic position within an infrastructure market
increasingly defined by constrained power, rising compute
intensity, and demand for more flexible deployment models.

"Digital infrastructure is increasingly being defined by access to
power, deployment agility, and capital discipline," said Kurt
Kalbfleisch, CEO. "We believe the proposed combination positions
the company to compete more effectively in this environment by
bringing together operating scale, infrastructure development
expertise, and a flexible deployment model capable of supporting a
broader range of high density compute opportunities over time."

Additional information regarding the expected closing date and
other material developments related to the proposed transaction
will be provided as appropriate.

                          About Sphere 3D

Sphere 3D Corp. (Nasdaq: ANY) -- https://www.Sphere3D.com/ -- is a
cryptocurrency miner, growing its industrial-scale digital asset
mining operation through the capital-efficient procurement of
next-generation mining equipment and partnering with best-in-class
data center operators.  Sphere 3D is dedicated to increasing
shareholder value while honoring its commitment to strict
environmental, social, and governance standards.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2022, issued a "going concern" qualification in its report dated
March 27, 2026, citing recurring losses from operations and
insufficient cash on hand to fund operations, raising substantial
doubt about the Company's ability to continue as a going concern.

As of December 31, 2025, the Company had $25.1 million in total
assets, $1.8 million in total (current) liabilities, $18,000 in
temporary equity, and total stockholders' equity of $23.3 million.


SPIRIT AIRLINES: Delta CEO Links Co.'s Fall to Budget Model Limits
------------------------------------------------------------------
Sri Taylor and Caroline Hyde of Bloomberg News report that Delta
CEO Ed Bastian said higher jet fuel costs and the failure of Spirit
Airlines are accelerating a split in the aviation industry between
premium-focused airlines and those relying on low-cost
competition.

In comments to Bloomberg Television, Bastian argued that the demise
of budget carriers reflects more than macroeconomic pressure,
pointing instead to weaknesses in their service models and customer
offerings.

"Spirit didn't go out of business because of fuel prices," he said.
"They went out of business because they had a bad product." The
statement underscored his belief that airline quality and strategy
are decisive factors in long-term survival.

The airline sector has been grappling with rising operating costs
and uneven demand recovery, prompting carriers to differentiate
more sharply between high-end service models and discount pricing
strategies, according to Bloomberg.

                   About Spirit Airlines

Spirit Airlines, LLC (SAVE) is a low-fare carrier committed to
delivering the best value in the sky by offering an enhanced travel
experience with flexible, affordable options. Spirit serves
destinations throughout the United States, Latin America and the
Caribbean with its Fit Fleet, one of the youngest and most
fuel-efficient fleets in the U.S. On the Web:
http://wwww.spirit.com/                       

Spirit Airlines and its affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 24-11988) on Nov. 18, 2024, after
reaching terms of a pre-arranged plan with bondholders.

At the time of the filing, Spirit Airlines reported $1 billion to
$10 billion in both assets and liabilities. Judge Sean H. Lane
oversees the case.

The Debtors tapped Davis Polk & Wardwell, LLP as legal counsel;
Alvarez & Marsal North America, LLC, as financial advisor; and
Perella Weinberg Partners LP as investment banker. Epiq Corporate
Restructuring, LLC, is the claims agent.

Paul Hastings, LLP and Ducera Partners, LLC serve as legal counsel
for the Ad Hoc Group of Convertible Noteholders.

Akin Gump Strauss Hauer & Feld, LLP and Evercore Group LLC
represent the Ad Hoc Group of Senior Secured Noteholders.

The official committee of unsecured creditors retained Willkie Farr
& Gallagher LLP as counsel.

Citigroup Global Markets, Inc., is serving as financial advisor and
Latham & Watkins LLP is serving as legal counsel to Frontier.

                       2nd Attempt

Spirit Airlines and its affiliates sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 25-11896) on August 29, 2025. In its
petition, the Debtors reports estimated assets and liabilities
between $1 billion and $10 billion each.

Honorable Bankruptcy Judge Sean H. Lane handles the case.

The Debtor is represented by Marshall Scott Huebner, Esq. and
Darren S. Klein, Esq. at Davis Polk & Wardwell LLP.


SPIRIT AVIATION: Cohen Weiss Represents Pilots & Machinists Unions
------------------------------------------------------------------
In the Chapter 11 bankruptcy cases of Spirit Aviation Holdings,
Inc. and its debtor-affiliates, Cohen, Weiss and Simon LLP (CWS)
filed with the United States Bankruptcy Court for the Southern
District of New York a Verified Statement pursuant to Bankruptcy
Rule 2019 to inform the Court that the firm represents creditors,
Air Line Pilots Association and International Association of
Machinists and Aerospace Workers (IAM).

According to the Verified Statement:

     1. ALPA and the IAM have claims against certain of the
Debtors. These claims arise from obligations of the Debtors under
ALPA and IAM collective bargaining agreements. The claims asserted
by ALPA and the IAM arose both before and during the one year
before the filing of the above-referenced cases.

     2. CWS was engaged to represent ALPA in the Chapter 11 cases
in September 2025 and IAM in May 2026. The engagements were
initiated through the legal departments of the respective unions.

     3. Upon information and belief, CWS has no claims or interests
against any of the Debtors.

     4. CWS reserves the right to amend this Verified Statement.

Attorneys for Creditors Air Line Pilots Association and the
International Association of Machinists and Aerospace Workers:

Richard M. Seltzer, Esq.
Matthew E. Stolz, Esq.
Cohen, Weiss and Simon LLP
909 Third Avenue, 12th Floor
New York, NY 10022
Tel: (212) 356-0219
E-mail: rselzter@cwsny.com

                  About Spirit Aviation Holdings Inc.

Spirit Aviation Holdings, Inc. and its subsidiaries operate Spirit
Airlines is a U.S.-based low-cost carrier providing air
transportation services across the United States, Latin America,
and the Caribbean. They employ approximately 25,000 direct
employees and independent contractors.

Spirit Aviation Holdings and its subsidiaries sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Lead
Case No. 25-11897) on August 29, 2025. In the petition signed by
Frederick Cromer, authorized signatory, Spirit Aviation Holdings
disclosed $8,576,287,000 in assets and $8,096,842,000 in
liabilities as of June 30, 2025.

Judge Sean H. Lane oversees the cases.

The Debtors tapped Davis Polk & Wardwell, LLP, as bankruptcy
counsel; PJT Partners LP as investment banker; FTI Consulting, Inc.
as restructuring, fleet and communications advisor; Debevoise &
Plimpton, LLP as fleet counsel; Morris, Nichols, Arsht & Tunnell,
LLP as conflicts counsel, and Ernst & Young, LLP as its audit and
tax services provider. Epiq Corporate Restructuring, LLC is the
claims, noticing, solicitation and administrative agent.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee tapped Willkie Farr & Gallagher, LLP as legal counsel;
Alton Aviation Consultancy, LLC as specialized aviation advisor;
Jefferies. LLC as investment banker; and AlixPartners, LLP as
financial advisor.

Judge Lane approved the appointment of Marc Heimowitz of Coda
Advisory Group, LLC as examiner. The Examiner hired Glenn Agre
Bergman & Fuentes LLP as counsel; and M3 Advisory Partners, LP as
financial advisor.

The Air Line Pilots Association and the International Association
of Machinists and Aerospace Workers are represented by Cohen, Weiss
and Simon LLP.

                           *     *     *

In a statement May 2, 2026, CEO Dave Davis said the airline needed
hundreds of millions of dollars in additional liquidity to continue
operating. He said that funding was not available and could not be
secured from external sources.  Having reached the limits of its
financing options, the company was left with no alternative but to
wind down its business.


STERLING CREDIT: Court Won't Reinstate Stay in "Glenn" Case
-----------------------------------------------------------
Judge Christopher L. Ray of the U.S. District Court for the
Southern District of Georgia will not reinstate the automatic stay
in the case captioned as JASEMINE GLENN, Plaintiff, v. STERLING
CREDIT CORP., and ASSOCIATES ASSET RECOVERY, LLC, Defendants, Case
No. 23-cv-00298 (S.D. Ga.).

On July 29, 2024, the Court stayed this matter pursuant to 11
U.S.C. Sec. 362 pending resolution of Defendant Sterling Credit
Corp.'s Chapter 11 bankruptcy petition.

Plaintiff and Defendant Associates Asset Recovery provided a status
report, without Sterling's input, indicating that:

   1) Sterling's bankruptcy was closed on March 17, 2026,
   2) the Trustee filed a Motion to Reopen Sterling's bankruptcy on
April 2, 2026, and
   3) Plaintiff seeks the reopening of this case so that she can
drop her claims against Sterling in order to pursue her claims
against Associates Asset Recovery, LLC.

According to the Court, since Sterling's bankruptcy case has
closed, the automatic stay is lifted and will not be revived even
if the Trustee's motion is granted. Reopening does not impose the
stay of Sec. 362(a).

A copy of the Court's Order dated May 14, 2026, is available at
https://urlcurt.com/u?l=gDyT3G from PacerMonitor.com.

                 About Sterling Credit Corp.

Sterling Credit Corp., a company in Altamonte Springs, Fla.,
provides capital and collection services to customers.

Sterling Credit sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-02830) on June 4,
2024, with $10 million to $50 million in both assets and
liabilities. William R. Ward, president, signed the petition.

Judge Tiffany P. Geyer oversaw the case.

The Debtor was represented by Robert Drake Wilcox, Esq., at Wilcox
Law Firm.

On July 17, 2024, the U.S. Trustee for the Middle District of
Florida appointed an official committee of unsecured creditors in
this Chapter 11 case.  The committee tapped Shuker & Dorris, PA as
its counsel.

Sterling's bankruptcy was closed on March 17, 2026.


STOLI GROUP: Court Extends Cash Collateral Access to May 27
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
approved the 15th stipulation allowing Stoli Group (USA), LLC and
Kentucky Owl, LLC to continue to use the cash collateral of Fifth
Third Bank, National Association.

The stipulation extended the Debtors' authority to use the lender's
cash collateral through May 27 to pay the expenses set forth in
their latest budget.

The Debtors were authorized to make a payment of $250,000 to the
lender on account of the lender's professional fees and expenses.

The agreement also establishes detailed adequate protection and
default provisions for Fifth Third Bank. Events of default include
unauthorized use of cash collateral, attempts to incur senior debt,
filing unacceptable sale motions or Chapter 11 plans, conversion of
the case to Chapter 7, or challenges to the lender's liens and
claims. If a default occurs, the lender may seek relief from the
automatic stay after notice and exercise remedies against the
collateral. The order further preserves the lender's superpriority
claims and confirms that prior cash collateral orders and
protections remain fully effective unless expressly modified.

A copy of the stipulation and the budget is available at
https://shorturl.at/A8qUr from PacerMonitor.com.

A final hearing on the cash collateral motion is scheduled for May
27, with objections due by May 20.

As of the petition date, the Debtors' aggregate principal
outstanding funded debt obligations total approximately
$78,374,334.30.

Fifth Third Bank holds valid, senior, perfected, and enforceable
liens on the collateral, including cash proceeds and other cash
equivalents, which constitute the lender's cash collateral.

                    About Stoli Group (USA) LLC

Stoli Group (USA), LLC is a producer, manager, and distributor of a
global portfolio of spirits and wines.

Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions
(Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At
the time of the filing, Stoli Group (USA) reported $100 million to
$500 million in assets and $10 million to $50 million in
liabilities while Kentucky Owl reported $50 million to $100 million
in assets and $50,000,001 to $100 million in liabilities.

Judge Scott W. Everett handles the cases.

Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's
legal counsel.

Fifth Third Bank, N.A., as lender, is represented by:

     Brent McIlwain, Esq.
     Christopher A. Bailey, Esq.
     Holland & Knight, LLP
     1722 Routh Street, Suite 1500
     Dallas, TX 75201
     Telephone: 214.969.1700
     Email: brent.mcilwain@hklaw.com
            chris.bailey@hklaw.com

     -- and --

     Jeremy M. Downs, Esq.
     Steven J. Wickman, Esq.
     Goldberg Kohn, Ltd.
     55 East Monroe Street, Suite 3300
     Chicago, IL 60603
     Telephone: 312.201.4000
     Email: jeremy.downs@goldbergkohn.com
            steven.wickman@goldbergkohn.com


STUCKEY PREMIER: Kathleen O'Malley Named Subchapter V Trustee
-------------------------------------------------------------
Brian Behr, the U.S. Bankruptcy Administrator for the Eastern
District of North Carolina, appointed Kathleen O'Malley as
Subchapter V trustee for Stuckey Premier Enterprises, LLC.

Ms. O'Malley will be paid an hourly fee of $375 for her services.

Ms. O'Malley disclosed in a court filing that she does not have an
interest materially adverse to McGeachy Holding's estate, creditors
and equity security holders.

               About Stuckey Premier Enterprises LLC

Stuckey Premier Enterprises, LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02108) on
May 8, 2026, with $50,001 to $100,000 in assets and up0 to $50,000
in liabilities.

Judge Joseph N. Callaway presides over the case.

George M. Oliver, Esq., at The Law Offices Of George Oliver, PLLC
represents the Debtor as bankruptcy counsel.


SUDOXE LLC: To Sell Bowie Property to WYIMCO TX for $860K
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland has granted
Sudoxe LLC to sell Property, free and clear of liens, claims,
interests, and encumbrances.

The Debtor owns the improved residential real property known as
3903 Dado Court, Bowie, Maryland 20721.

The Property is encumbered by a mortgage/deed of trust in favor of
Stormfield SPV I, LLC, in the approximate amount of $560,000.00,
and a second mortgage/deed of trust in favor of Bridge Link
Consultants, LLC, and BK
Crossing, LLC, in the approximate amount of $100,000.00.

On February 1, 2026, the Debtor entered into a contingent agreement
to sell the Property to WYIMCO TX, LLC for a gross price of
$860,000.00.

The Court has authorized the Debtor to sell the Property to WYIMCO
TX, LLC.

The Debtor may sell the Property to the Purchaser for the price and
subject to the terms described in the Motion provided all creditors
and the United States Trustee receive payment in full from the
sale.

         About Sudoxe LLC

Sudoxe LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 26-12745) on March 16,
2026, listing up to $1 million in both assets and liabilities.

Judge Maria Ellena Chavez-Ruark oversees the case.

Brett Weiss, Esq., at The Weiss Law Group, LLC represents the
Debtor as counsel.


SUPERIOR METAL: Seeks to Hire Murphy Law as Special Counsel
-----------------------------------------------------------
Superior Metal Treating and Equipment, Inc., seeks approval from
the U.S. Bankruptcy Court for the Western District of Missouri to
hire Murphy Law as special counsel.

The firm will continue its representation of the Debtor in the
lawsuit it filed in the Circuit Court of Jackson County, Missouri,
Case No. 2616-CV01294, against Lewis P. Herman, SMITE, Inc.,
AdamsBrown, LLC, Eldon J. Shields, & Gate Shields Ferguson Swall
Hammond, PA.

The firm will receive compensation at these fees:

     a. Discounted Hourly Rates for Fees. Counsel's current hourly
rates range from $125 to $475 per hour, depending on the
professional providing the service. For the purposes of this
engagement only, the hourly rate charged for legal services shall
be discounted by 30 percent. Client shall be invoiced on a monthly
basis for services performed billed at the Hybrid Rates, payment
for which is due upon receipt of the invoice. Unpaid invoices
accrue interest at the rate of 1-1/2% per month.

     b. Contingency Fee. In consideration of the services to be
rendered by Counsel, in addition to fees incurred at the Hybrid
Rates Client hereby agrees to pay Counsel a sum equal to seven and
50/100 percent (7.5%) of whatever amount may be recovered from
whatever source up to a recovery of Two Million Dollars
($2,000,000); provided, however, for any recovery from whatever
source in excess of that amount, Client hereby agrees to pay
Counsel a sum equal to five percent (5%) of such amount
(collectively the "Contingency Fee"). Should it become necessary to
commence any action to collect or preserve any order, judgment,
verdict or decision obtained, Counsel shall be compensated therefor
at the Hybrid Rate, plus all expenses paid as set forth herein.
Payment of the Contingency Fee is due and payable at the time
amounts are recovered from whatever source. Interest shall accrue
at the rate of one and one-half percent (1-1/2%) per month thereon
commencing ten (10) days from and after the time of recovery.

The Debtor agrees to pay all costs and other expenses as they are
incurred in the investigation, preparation, prosecution, and
appeal, if any, of the matter covered by this Agreement. Those
expenses may include, but are not limited to, filing fees,
photocopy and other reproduction costs, long distance telephone
charges, postage, deposition costs, computerized legal research,
and other such expenses.

Murphy Law and its members are disinterested parties as defined in
11 U.S.C. Sec. 101(14), representing no interest adverse to the
Debtor or the Debtor's estate on the matters upon which they are to
be engaged, according to court filings.

The firm can be reached through:

     Mark Murphy, Esq.
     Murphy Law
     6065 Frantz Rd, Suite 105
     Dublin, OH
     Telephone: (614) 766-5448
     Facsimile: (614) 766-2883

       About Superior Metal Treating and Equipment

Superior Metal Treating and Equipment, Inc., a commercial
heat-treating company with more than 65 years of experience,
provides full-service processing for metal parts. Its offerings
include hardening, carburizing, vacuum treatment, salt bath,
austempering, ferritic nitrocarburizing, annealing, stress
relieving, normalizing, tempering, deep freeze, induction
hardening, flame hardening and black oxide. The company's
50,000-square-foot facility supports customized projects and
testing.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-40489) on March 23,
2026, with $1 million to $10 million in assets and liabilities.
Jeffrey Herman, president, signed the petition.

Colin N. Gotham, at EVANS & MULLINIX, P.A., is serving as the
Debtor's legal counsel.


SUPERIOR METAL: Seeks to Hire Ong & Company as Accountant
---------------------------------------------------------
Superior Metal Treating and Equipment, Inc., seeks approval from
the U.S. Bankruptcy Court for the Western District of Missouri to
hire Ong & Company as accountants.

The firm will prepare the Debtor's federal, state, and local
corporate income tax returns, for the preparation and compilation
of financial reports, accounting, bookkeeping, and consulting
services as requested.

Ong & Company intends to charge a monthly fee of $1,750.

As disclosed in the court filings, Ong & Company and its members
are disinterested parties as defined in 11 U.S.C. Sec. 101(14),
representing no interest adverse to the Debtor or the Debtor’s
estate on the matters upon which it is to be engaged.

The firm can be reached through:

     Nicholas Ong, CPA
     Ong & Company
     9225 Indian Creek Parkway, Suite 100
     Overland Park, KS 66210
     Tel: (913) 451-0056
     Email: info@ongandcompany.com

       About Superior Metal Treating and Equipment

Superior Metal Treating and Equipment, Inc., a commercial
heat-treating company with more than 65 years of experience,
provides full-service processing for metal parts. Its offerings
include hardening, carburizing, vacuum treatment, salt bath,
austempering, ferritic nitrocarburizing, annealing, stress
relieving, normalizing, tempering, deep freeze, induction
hardening, flame hardening and black oxide. The company's
50,000-square-foot facility supports customized projects and
testing.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-40489) on March 23,
2026, with $1 million to $10 million in assets and liabilities.
Jeffrey Herman, president, signed the petition.

Colin N. Gotham, at EVANS & MULLINIX, P.A., is serving as the
Debtor's legal counsel.


SVK CAPITAL: Hires Kornfield Nyberg Bendes Kuhner as Attorney
-------------------------------------------------------------
SVK Capital, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to hire Kornfield, Nyberg,
Bendes, Kuhner & Little, P.C., as its attorneys.

The firm will render these services:

     a. give Debtor legal advice with respect to its powers and
duties as debtor-in-possession and the continued operation of its
business and management of its assets;

     b. prepare on behalf of applicant, as debtor-in-possession,
the necessary motions, applications, answers, orders, reports and
other legal papers required to be filed in this bankruptcy case;

     c. prepare and prosecute plan of reorganization in this
chapter 11 bankruptcy; and

     d. perform all other legal services for Debtor which may be
necessary in this case.

The firm's hourly rates are:

     Eric A. Nyberg, Partner     $525
     Chris D. Kuhner, Partner    $525
     Sarah L. Little, Partner    $500
     Gail Michael, Paralegal      $75
     Madison Lampi, Paralegal     $75

The firm received a pre-petition retainer in the amount of
$50,000.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Chris D. Kuhner, Esq., a partner at Kornfield, Nyberg, Bendes,
Kuhner & Little, P.C., disclosed in a court filing that the firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

      Chris D. Kuhner, Esq.
      Kornfield, Nyberg, Bendes,
      Kuhner & Little, P.C.
      1970 Broadway, Suite 600
      Oakland, CA 94612
      Tel: (510) 763-1000
      Fax: (510) 273-8669
      Email: c.kuhner@kornfieldlaw.com

        About SVK Capital, LLC

SVK Capital, LLC is a business entity that appears to operate as an
investment or financial services firm, based on its corporate
structure and name.

SVK Capital, LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ca. Case No. 26-40874) on April 27,
2026. In its petition, the Debtor reports estimated assets ranging
from $1 million to $10 million and estimated liabilities ranging
from $1 million to $10 million.

Honorable Bankruptcy Judge William J. Lafferty handles the case.

The Debtor is represented by Chris D. Kuhner, Esq. of Kornfield
Nyberg Bendes Kuhner & Little.


SYP – NORTHWEST: Behrooz Vida Named Subchapter V Trustee
----------------------------------------------------------
The U.S. Trustee for Region 6 appointed Behrooz Vida, Esq., at the
Vida Law Firm, PLLC as Subchapter V trustee for SYP – Northwest
L.C.

Mr. Vida will be paid an hourly fee of $495 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Vida declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Behrooz P. Vida, Esq.
     The Vida Law Firm, PLLC
     3000 Central Drive
     Bedford, TX 76021
     Telephone: (817) 358-9977
     Facsimile: (817) 358-9988
     behrooz@vidalawfirm.com

                     About SYP - Northwest L.C.

SYP - Northwest L.C. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Texas Case No. 26-42003) on May 5,
2026, with $1 million to $10 million in both assets and
liabilities.

Judge Edward L. Morris presides over the case.

Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC
represents the Debtor as bankruptcy counsel.


TAM BOYTHE: Case Summary & Seven Unsecured Creditors
----------------------------------------------------
Debtor: Tam Boythe Triton Group EHM, LLC
           DBA The Triton Group EHM, LLC
        3231 Broadway Ave., Suite 100
        Everett, WA 98201

Business Description: Tam Boythe Triton Group EHM, LLC, doing
business as The Triton Group EHM, LLC, provides SCRAM alcohol
monitoring and GPS-based electronic home monitoring services. The
company installs, monitors, and reports on alcohol monitoring
programs and offers 24-hour electronic home monitoring for clients
in Washington. Located in Everett, Washington, The Triton Group
EHM serves participants and courts.

Chapter 11 Petition Date: May 12, 2026

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 26-11578

Judge: Hon. Timothy W Dore

Debtor's Counsel: Jennifer L. Neeleman, Esq.
                  NEELEMAN LAW GROUP, P.C.
                  1403 8th Street
                  Marysville, WA 98270
                  Tel: (425) 212-4800
                  Fax: (425) 212-4802
                  E-mail: courtmail@expresslaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Valentine Tam as managing member.

A full-text copy of the petition, which includes a list of the
Debtor's seven unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/OBE2E6I/Tam_Boythe_Triton_Group_EHM_LLC__wawbke-26-11578__0001.0.pdf?mcid=tGE4TAMA


TEMPO ACQUISITION: New Mountain Marks $20MM 1L Loan at 27% Off
--------------------------------------------------------------
New Mountain Finance Corp. has marked its $20,273,000 loan extended
to Tempo Acquisition, LLC to market at $14,714,000 or 73% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the period ended March 31, 2026, filed with the U.S. Securities and
Exchange Commission on May 4, 2026.

New Mountain Finance Corp. is a participant in a first lien loan
extended to Tempo Acquisition, LLC. The 1L Loan accrues interest at
a rate of SOFR(M) 1.75% 5.42% per annum. The 1L Loan matures on
August 2028.

New Mountain Finance Corp is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About Tempo Acquisition, LLC

Tempo Acquisition, LLC operates in the business services sector,
providing outsourced and value-added support functions to corporate
clients.



THUNDER RIDE: Pearl Delta Loses Bid to Dismiss Adversary Case
-------------------------------------------------------------
Judge Joseph G. Rosania, Jr. of the U.S. Bankruptcy Court for the
District Colorado denied Pearl Delta Funding LLC's motion to
dismiss the adversary proceeding filed by Harvey Sender, the
Chapter 7 trustee for Thunder Ride Inc.

The case is captioned as HARVEY SENDER, Chapter 7 Trustee,
Plaintiff, v. PEARL DELTA FUNDING, LLC, Defendant, Adv. Pro. No.
25-01360-JGR (Bankr. D. Colo.).

On October 8, 2025, Defendant filed Proof of Claim 16-1 in the
amount of $447,843.14. The claim was filed as a secured claim,
referencing a security interest in "Receivables" perfected by the
filing of a UCC-1 Financing Statement.

On February 27, 2025, on behalf of the Debtor, Enoch Amoah signed a
Sale of Future Receipts Agreement ("SFR Agreement") with the
Defendant in which the Debtor borrowed $488,722 from the Defendant.
After deducting the Defendant's "origination fee" of $14,662, net
proceeds of $474,035 were deposited into the Debtor's First
National Bank Account ending in 437 (the "437 Account").

Under the terms of the SFR Agreement, the Debtor was obligated to
make weekly payments to the Defendant of $12,500.01. According to
the proof of claim filed by the Defendant in this case, on October
8, 2025, it withdrew $200,000.16 from the Debtor's 437 Account
between March 6, 2025, and June 20, 2025.

During the 90 days prior to the Petition Date, the Defendant
withdrew $112,500.09 from the 437 Account (the "Transfers").

Post-petition, on August 28, 2025, the Defendant withdrew $2,156.70
from the 437 Account (the "Post-Petition Transfer").

Plaintiff brought this avoidance action to recover payments made to
the Defendant totaling $114,656.79. In his First Claim for Relief,
Plaintiff alleges that nine weekly payments made to the Defendant
in the amount of $12,500.01 each during the period from April 24,
2025, through June 20, 2025, are avoidable as preferential
transfers under 11 U.S.C. Sec. 547(b). The Second Claim for Relief
alleges a payment made to the Defendant on August 28, 2025, in the
amount of $2,156.70 is avoidable as an unauthorized post-petition
transfer under 11 U.S.C. Sec. 549(a). The Third Claim for Relief
seeks to recover the avoided transfers for the benefit of the
estate pursuant to 11 U.S.C. Sec. 550. The Fourth Claim for Relief
preserves the avoided transfers for the benefit of the estate
pursuant to 11 U.S.C. Sec. 551.

The First Claim for Relief alleged that the Transfers constituted a
transfer of an interest of the Debtor in property to or for the
benefit of the Defendant; made for or on account of an antecedent
debt owed by the Debtor before such Transfers were made; within the
90 days prior to the bankruptcy filing; while the Debtor was
insolvent or presumed to be insolvent; and allowed the Defendant to
receive more than it would have received if the Transfers had not
been made and Defendant received payment of its debt to the extent
provided by the provisions of the Bankruptcy Code.

The Second Claim for Relief alleged the Post-Petition Transfer was
a transfer of property of the estate and not authorized under the
Bankruptcy Code or by the Bankruptcy Court.

Defendant's Motion contends the complaint should be dismissed for
failure to state a plausible claim for relief. The argument is
based on Defendant's conclusion that the SFR Agreement entered into
between the parties constitutes a "true sale" of future receipts.
The Defendant contends the SFR Agreement is to be interpreted
according to Florida law.

Defendant argues 11 U.S.C. Sec. 547(b) is limited to the avoidance
of "any transfer of an interest of the Debtor in property."
Similarly, avoidance of post-petition transfers
under 11 U.S.C. Sec. 549(a) is limited to transfers of property of
the estate. Because the Debtor had no ownership interest in the
funds from which the payments were made, the payments are insulated
from avoidance.

Secondarily, Defendant argues that even if the SFR Agreement did
not constitute a true sale of the receipts, the payments cannot be
avoided as preferential transfers because the payments were made in
the ordinary course of business or financial affairs of the Debtor
and the transferee under 11 U.S.C. Sec. 547(c)(2).

Plaintiff argues that dismissal of the complaint is inappropriate
because the claims for relief are plausible and the arguments
raised in the Motion to Dismiss are factual in nature and not ripe
for determination.

Plaintiff argues the conclusion that the Debtor was divested of
legal or equitable interests in the receipts as a result of a "true
sale" is dependent upon the determination that the SFR Agreement is
a true sale as opposed to a loan transaction cannot be decided at
this stage of the proceeding. While noting that the motion to
dismiss is densely packed with statutory references, including the
Uniform Commercial Code and case law regarding the determination of
a true sale versus a loan, Plaintiff argues the issue before the
Court is whether the complaint states plausible claims for relief.

Plaintiff argues that whether Defendant is entitled to assert an
ordinary course of business defense under 11 U.S.C. Sec. 547(c)(2)
cannot be determined on a motion to dismiss. It argues the
determination of the affirmative defense is necessarily
fact-intensive and is not ripe for determination at this stage in
the proceedings.

According to the Court, when the allegations are taken as true and
viewed in the light most favorable to the Plaintiff as required
when considering a motion to dismiss, the complaint plausibly
states a claim for relief under 11 U.S.C. Sec. 547(b) and under 11
U.S.C. Sec. 549(a). The complaint identifies the post-petition
transfer and alleges the transfer constitutes an unauthorized
transfer of property of the estate.

In this case, the allegations in the complaint demonstrate
Plaintiff evaluated the preference action, taking into
consideration the untimely perfection of the claimed security
interest in receivables, competing security interests, the nature
of the Debtor's business, and the Debtor's downward spiraling
financial condition immediately prior to the filing of the
bankruptcy case. The Court finds the complaint satisfies the
condition precedent of due diligence.

The Court says the establishment of an ordinary course defense
under the facts presented in this case requires factual
determinations including the circumstances under which the
transaction was entered into within six months of the bankruptcy
case filing.

A copy of the Court's Order dated May 14, 2026, is available at
https://urlcurt.com/u?l=3BZjuj from PacerMonitor.com.

                   About Thunder Ride Inc.

Thunder Ride Inc., doing business as Tri-City Cycle, operates a
powersports dealership offering motorcycles, ATVs, UTVs, boats,
parts, and repair services. The Company serves customers in
Loveland, Colorado, and surrounding areas. It also provides
products from major brands such as Yamaha, Honda, Kawasaki, and
KTM.

Thunder Ride Inc. in Loveland, CO, sought relief under
Chapter 11 of the Bankruptcy Code filed its voluntary petition for
Chapter 11 protection (Bankr. D. Colo. Case No. 25-14589) on July
23, 2025, listing $50,000 to $100,000 in assets and $10 million to
$50 million in liabilities. Enoch Amoah as president, signed the
petition.

Judge Joseph G. Rosania Jr. oversees the case.

WADSWORTH GARBER WARNER CONRARDY, P.C. serve as the Debtor's legal
counsel.

The case was converted to chapter 7 on October 6, 2025.


TITAN FITNESS: Golub Capital BDC Marks $612,000 Loan at 50% Off
---------------------------------------------------------------
Golub Capital BDC Inc. has marked its $612,000 loan extended to
Titan Fitness, LLC to market at $309,000 or 50% of the outstanding
amount, according to Golub Capital BDC's 10-Q for the fiscal year
ended March 31, 2026, filed with the U.S. Securities and Exchange
Commission.

Golub Capital BDC Inc. is a participant in a one stop loan extended
to Titan Fitness, LLC. The Loan accrues interest at a rate of SF +
7.25 % 8.57 % 2.50 % per annum. The Loan matures on October 2026.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Titan Fitness, LLC

Titan Fitness, LLC operates fitness centers and related services,
supported by a one-stop loan structure with a mix of cash and
payment-in-kind interest.



TITAN FITNESS: Golub Capital Marks $3.1M Loan at 35% Off
--------------------------------------------------------
Golub Capital BDC Inc. has marked its $3,110,000 loan extended to
Titan Fitness, Llc to market at $2,022,000 or 65% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a loan extended to Titan
Fitness, Llc. The Loan accrues interest at a rate of SF + 7.25 %
8.56 % 2.50 % per annum. The Loan matures on October 2026.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Titan Fitness, LLC

Titan Fitness, LLC operates fitness centers and related services,
supported by a one-stop loan structure with a mix of cash and
payment-in-kind interest.



TITAN FITNESS: Golub Capital Marks $42.8M Loan at 35% Off
---------------------------------------------------------
Golub Capital BDC Inc. has marked its $42,870,000 loan extended to
Titan Fitness, LLC to market at $27,866,000 or 65% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a one stop loan extended
to Titan Fitness, LLC. The Loan accrues interest at a rate of SF +
7.25 % 8.56 % 2.50 % per annum. The Loan matures on October 2026.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Titan Fitness, LLC

Titan Fitness, LLC operates fitness centers and related services,
supported by a one-stop loan structure with a mix of cash and
payment-in-kind interest.



TMC MAINTENANCE: Gets Final OK to Use Cash Collateral
-----------------------------------------------------
The United States Bankruptcy Court for the Northern District of
Georgia entered an order approving an final amended cash collateral
budget for TMC Maintenance Co., LLC in its Chapter 11 case.

The Debtor informed the Court that its original approved budget
inadvertently omitted financial information for April and May 2026.
The Debtor also discovered that the rent expense line item in the
existing budget understated the actual monthly rent obligation by
listing $6,000 instead of the correct amount of $8,000 per month.
To correct these issues, the Debtor submitted an amended budget
adding projected income and expenses for April and May 2026 and
revising the rent expense throughout the remaining budget period.

The Court approved the amended budget and authorized the Debtor to
continue using cash collateral generated from its business
operations in accordance with the revised budget attached as
Exhibit A to the order. Aside from replacing the original budget
with the amended version, all terms and provisions of the prior
Final Cash Collateral Order remain fully effective and enforceable.
The Court noted that, except for the higher rent expense, the
remaining projected income and expense figures from June through
November 2026 were unchanged from the prior budget.

The order also established procedural protections for creditors and
parties in interest. Any party wishing to object to the amended
budget or the relief granted in the order was given fourteen days
from service of the order to file objections. If objections are
filed, the Debtor’s counsel must schedule a hearing under the
Court's open calendar procedures. If no timely objections are
filed, the order automatically becomes a final order approving the
amended budget.

                         About TMC Maintenance Co. LLC

TMC Maintenance Co., LLC is a Georgia-based LLC, formed in 2008,
providing commercial and industrial HVAC maintenance and
installation services throughout Georgia and the Southeast.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20266) on February 24,
2026. In the petition signed by Jeffrey W. Guthrie, authorized
representative, the Debtor disclosed up to $1 million in assets and
up to $10 million in liabilities.

Judge James R. Sacca oversees the case.

Adam E. Ekbom, Esq., at Jones & Walden LLC, represents the Debtor
as legal counsel.


TMK HAWK: New Mountain Marks $10.2M 1L Loan at 36% Off
------------------------------------------------------
New Mountain Finance Corp. has marked its $10,263,000 loan extended
to TMK Hawk Parent Corp. to market at $6,563,000 or 64% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to TMK Hawk Parent, Corp. The 2L Loan accrues interest at
a rate of SOFR(M) 4.00% 7.67% per annum. The 2L Loan matures on
July 2029.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About TMK Hawk Parent, Corp.

TMK Hawk Parent, Corp. provides commercial services. The Company
serves customers in the United States.



TMK HAWK: New Mountain Marks $27.4M 1L Loan at 35% Off
------------------------------------------------------
New Mountain Finance Corp. has marked its $27,475,000 loan extended
to TMK Hawk Parent, Corp. to market at $17,750,000 or 65% of the
outstanding amount, according to New Mountain Finance's 10-Q for
the fiscal year ended March 31, 2026, filed with the U.S.
Securities and Exchange Commission.

New Mountain Finance Corp. is a participant in a first term loan
extended to TMK Hawk Parent, Corp. The 2L Loan accrues interest at
a rate of SOFR(M) 4.00% 7.67% per annum. The 2L Loan matures on
July 2029.

New Mountain Finance Corp. is a business development company that
provides financing solutions to middle-market companies across a
variety of industries.

The Fund is led by John R. Kline as President, Chief Executive
Officer (Principal Executive Officer) and Director and Kris Corbett
as Chief Financial Officer and Treasurer (Principal Financial and
Accounting Officer).

The Fund can be reached at:

     John R. Kline
     New Mountain Finance Corporation
     1633 Broadway, 48th Floor
     New York, NY 10019
     Telephone: (212) 720-0300

          About TMK Hawk Parent, Corp.

TMK Hawk Parent, Corp. provides commercial services. The Company
serves customers in the United States.



TOGETHERWORK HOLDINGS: Golub Capital Marks $254,000 Loan at 23% Off
-------------------------------------------------------------------
Golub Capital Bdc, Inc. has marked its $254,000 loan extended to
Togetherwork Holdings, LLC to market at $195,000 or 76.8% of the
outstanding amount, according to Golub Capital BDC's 10-Q for the
fiscal year ended March 31, 2026, filed with the U.S. Securities
and Exchange Commission.

Golub Capital BDC Inc. is a participant in a one stop loan extended
to Togetherwork Holdings, LLC. The Loan accrues interest at a rate
of SF + 5.00 % (i) 8.67 % per annum. The Loan matures on May 2031.

Golub Capital BDC, Inc. is a business development company that
provides financing solutions to middle-market companies.

The Fund is led by David B. Golub as Chief Executive Officer
(Principal Executive Officer) and Christopher C. Ericson as Chief
Financial Officer (Principal Accounting and Financial Officer).

The Fund can be reached at:

     David B. Golub
     Golub Capital BDC, Inc.
     200 Park Avenue, 25th Floor
     New York, NY 10166
     Telephone: (212) 750-6060

          About Togetherwork Holdings, LLC

Togetherwork Holdings, LLC operates as a one-stop software and
services provider, likely offering integrated payment and
management solutions for member-based or community-focused
organizations.



TONIX PHARMACEUTICALS: All Four Proposals Passed at Annual Meeting
------------------------------------------------------------------
Tonix Pharmaceuticals Holding Corp. held its Annual Meeting, at
which the Company's shareholders approved four proposals.
Shareholders representing 7,267,759 shares, or 54.22%, of the
common shares outstanding as of the March 19, 2026, record date,
were represented at the meeting by proxy. The proposals are
described in detail in the Proxy Statement.

Proposal 1

The Company's shareholders elected nine individuals to the Board of
Directors as set forth below:

1. Seth Lederman

   * Votes For: 3,188,336
   * Votes Withheld: 575,166
   * Broker Non-Votes: 3,504,257

2. Richard Bagger

   * Votes For: 3,278,146
   * Votes Withheld: 485,356
   * Broker Non-Votes: 3,504,257

3. Margaret Smith Bell

   * Votes For: 3,274,181
   * Votes Withheld: 489,321
   * Broker Non-Votes: 3,504,257

4. David Grange

   * Votes For: 3,275,761
   * Votes Withheld: 487,741
   * Broker Non-Votes: 3,504,257

5. James Hunter

   * Votes For: 3,291,721
   * Votes Withheld: 471,781
   * Broker Non-Votes: 3,504,257

6. Adeoye Olukotun

   * Votes For: 3,277,352
   * Votes Withheld: 486,150
   * Broker Non-Votes: 3,504,257

7. R. Newcomb Stillwell

   * Votes For: 3,279,883
   * Votes Withheld: 483,619
   * Broker Non-Votes: 3,504,257

8. Carolyn Taylor

   * Votes For: 3,280,942
   * Votes Withheld: 482,560
   * Broker Non-Votes: 3,504,257

9. James Treco

   * Votes For: 3,279,367
   * Votes Withheld: 484,135
   * Broker Non-Votes: 3,504,257

Proposal 2

The Company's shareholders ratified the appointment of
PricewaterhouseCoopers LLP as the Company's independent registered
public accounting firm for the fiscal year ending December 31,
2026, as set forth below:

   * Votes For: 6,910,516
   * Votes Withheld: 189,838
   * Abstentions: 167,405
   * Broker Non-Votes: 0

Proposal 3

The Company's shareholders approved a proposal to authorize the
Board of Directors, in its discretion at any time within two years
of May 7, 2026, to effect on or more reverse stock splits of
then-outstanding shares of the Company's common stock, at an
aggregate ratio of not less than one-for-two (1:2) and not greater
than one-for-two-hundred-and-fifty (1:250), with the exact ratio,
number and timing of the reverse stock splits to be determined by
the Board and included in a public announcement, as set forth
below:

   * Votes For: 4,400,765
   * Votes Withheld: 2,826,586
   * Abstentions: 40,408
   * Broker Non-Votes: 0

Proposal 4

The Company's shareholders approved a proposal to approve the 2026
Stock Incentive Plan, as set forth below:

   * Votes For:  2,019,646
   * Votes Withheld: 1,624,412
   * Abstentions: 119,444
   * Broker Non-Votes: 3,504,257

                    About Tonix Pharmaceuticals

Chatham, N.J.-based Tonix Pharmaceuticals Holding Corp., through
its wholly owned subsidiary Tonix Pharmaceuticals, Inc., is a fully
integrated biopharmaceutical company focused on developing and
commercializing therapeutics to treat and prevent human disease and
alleviate suffering.

EisnerAmper LLP, the Company's former independent registered public
accounting firm, included an explanatory paragraph in its audit
report dated March 12, 2026, attached to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 2025,
expressing substantial doubt about the Company's ability to
continue as a going concern. The auditor cited that the Company has
continuing losses and negative cash flows from operating activities
that raise substantial doubt about its ability to continue as a
going concern.

As of December 31, 2025, the Company had $277.2 million in total
assets and $32 million in total liabilities, and total
stockholders' equity of $245.2 million.


TOURISTA NY: Seeks Chapter 7 Bankruptcy in New York
---------------------------------------------------
On May 13, 2026, Tourista NY 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 between 1 and 49 creditors.

                 About Tourista NY LLC

Tourista NY LLC is a New York-based company engaged in tourism,
travel-related, or hospitality operations.

Tourista NY LLC sought relief under Chapter 7 of the U.S.
Bankruptcy Code (Bankr. Case No. 26-71906) on May 13, 2026. In its
petition, the Debtor reports estimated assets between $0 and
$100,000 and estimated liabilities between $100,001 and
$1,000,000.

Honorable Bankruptcy Judge Alan S. Trust handles the case.


TPD DESIGN: Gets Interim OK to Use Cash Collateral
--------------------------------------------------
TPD Design House, LLC received second interim approval from the
U.S. Bankruptcy Court for the Eastern District of Pennsylvania to
use cash collateral on an interim basis in its Chapter 11 case.

The Debtor is permitted to use cash collateral during the interim
period strictly in accordance with an approved amended budget. This
authorization remains effective until the conclusion of a further
hearing on the motion, ensuring that the Debtor can continue
operating its business while the Court evaluates long-term relief.

As adequate protection, secured creditors are granted replacement
liens on the Debtor's post-petition assets, maintaining the same
validity, priority, and extent as their prepetition liens, but only
to the extent of any decline in collateral value. However, the
Court does not determine the validity or priority of those liens at
this stage.

However, the Order does not make any final determination regarding
the validity, extent, or priority of the secured creditors'
prepetition liens. Those issues remain open for future
adjudication, preserving the rights of all parties to challenge or
defend such claims later in the case.

The Court set deadlines for objections and scheduled a final
hearing. Any objections must be filed by May 27, 2026, and if none
are filed, the Court may approve permanent use of cash collateral
without further hearing.

A final hearing is scheduled for May 28.

A copy of the court's order and the Debtor's budget is available at
https://shorturl.at/cWXdM from PacerMonitor.com.

               About TPD Design House, LLC

TPD Design House, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Penn. Case No. 26-11073) with
$1,000,001 to $10 million in assets and $10,000,001 to $50 million
in laibilities. The petition was signed by Vanessa Kreckel as
managing member.

Judge Hon. Derek J Baker oversees the case.

The Debtor is represented by:

   DAVID B. SMITH
   Smith Kane Holman, LLC
   Tel: 610-407-7217
   Email: dsmith@skhlaw.com


TUNKHANNOCK TRAILS: Hires John J. Martin as Bankruptcy Counsel
--------------------------------------------------------------
Tunkhannock Trails II Road Association, Inc. seeks approval from
the U.S. Bankruptcy Court for the Middle District of Pennsylvania
to employ the Law Offices of John J. Martin as counsel.

The firm's services include:

     (a) prepare records and reports as required by the Bankruptcy
Rules and the Local Bankruptcy Rules;

     (b) prepare applications to retain professionals and proposed
orders to be submitted to the court;

     (c) identify and prosecute claims and causes of action
assertable by the Debtor on behalf of the estate herein;

     (d) examine proofs of claim previously filed and to be filed
herein and the possible prosecution of objections to certain of
such claims; and

     (e) assist and advise the Debtor in performing the other
official functions as set forth in Section 704 of the Bankruptcy
Code.

The hourly rates of the firm's professionals are as follows:

     Partners          $250
     Paralegals        $100

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a pre-petition retainer in the amount of $5,000
from the Debtor.

John Martin, Esq., an attorney at Law Offices of John J. Martin,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     John J. Martin, Esq.
     Law Offices of John J. Martin
     1022 Court Street
     Honesdale, PA 18431
     Telephone: (570) 253-6899
     Email: jmartin@martin-law.net

       About Tunkhannock Trails II Road Association, Inc.

Tunkhannock Trails II Road Association, Inc. sought protection for
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa.
Case No. 26-01255) on April 30, 2026, listing up to $50,000 in both
assets and liabilities.

Judge Mark J Conway presides over the case.

The Law Offices of John J. Martin serves as the Debtor's counsel.



TURTLE LANE: Trustee Taps Coldwell Banker Realty as Broker
----------------------------------------------------------
John O. Desmond, the Chapter 11 Trustee of the estate of Turtle
Lane LLC, seeks approval from the U.S. Bankruptcy Court for the
District of Massachusetts to employ Coldwell Banker Realty as
broker.

The firm will market and sell the Debtor's real property located at
283 Melrose St., Newton, MA.

The broker will receive compensation on a sliding scale up to 2.5%
of the sale price of the property, as follows:

     a. 1.75% if the price is between $7,175,000 - $8,000,000,

     b. 2% if the sale price is between $8,000,001 - $8,500,000,
and

     c. 2.5% for any final sale price over $8,500,000.

The broker does not hold or represent any interest adverse to the
estate or its creditors, according to court filings.

The broker can be reached through:

     Edward Shifman
     Coldwell Banker Realty
     1261 Centre Street
     Newton, MA 02459
     Tel: (617) 633-7703
     Email: ward.shifman@cbrealty.com

       About Turtle Lane LLC

Turtle Lane LLC focuses on real estate operations, primarily
offering property-related services.

Turtle Lane LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 25-11733) on Aug. 21,
2025. In its petition, the Debtor listed assets between $10 million
and $50 million and estimated liabilities between $1 million and
$10 million.

Judge Christopher J. Panos oversees the case.

The Debtor is represented by Christopher M. Condon, Esq., at
Bowditch & Dewey, LLP.


UGA STREET: Case Summary & Six Unsecured Creditors
--------------------------------------------------
Debtor: UGA Street Properties, LLC
        3302 E. Martin Luther King Jr. Blvd.
        Tampa, FL 33610

Chapter 11 Petition Date: May 14, 2026

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 26-04111

Judge: Hon. Roberta A. Colton

Debtor's Counsel: Chad Van Horn, Esq.
                  VAN HORN LAW GROUP, P.A.
                  500 NE 4th Street, Suite 200
                  Fort Lauderdale, FL 33301
                  Tel: (954) 765-3166
                  E-mail: chad@cvhlawgroup.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christian Nwoye as managing member.

A full-text copy of the petition, which includes a list of the
Debtor's six unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/WFMTGWI/UGA_Street_Properties_LLC__flmbke-26-04111__0001.0.pdf?mcid=tGE4TAMA


UNITED FP: Moody's Affirms 'Caa3' CFR, Outlook Stable
-----------------------------------------------------
Moody's Ratings affirmed United FP Holdings, LLC's (United FP) Caa3
Corporate Family Rating and downgraded the Probability of Default
Rating to D-PD from Caa3-PD. Concurrently, Moody's affirmed the
Caa2 ratings for the company's senior secured first lien credit
facilities (revolving credit facility and term loan) and affirmed
the Ca rating on the senior secured second-lien term loan. The
outlook is stable.

The PDR downgrade reflects United FP's missed interest payments due
on April 30, 2026 under its first lien and second lien credit
facilities within the five day grace period. The company entered
into forbearance agreements with its first lien and second lien
lender groups on May 6, 2026, including the revolving credit
facility lenders, providing a limited period during which lenders
have agreed to temporarily refrain from exercising remedies while
the company pursues a negotiated transaction. In addition, the
company had previously issued a notice of default in April 2026
related to the delayed delivery of required financial reporting and
did not complete the audit within the 30 day remedy period,
highlighting ongoing refinancing and liquidity pressures. While the
forbearance provides short-term relief, it does not cure the
underlying defaults, and the company remains dependent on a
negotiated transaction to address its unsustainable capital
structure and upcoming debt maturities.

Moody's affirmed the CFR because Moody's anticipate an above
average family recovery supported by the company's good market
position as a franchisor of Planet Fitness clubs and stable to
growing membership and earnings. Moody's believe these factors lead
to an enterprise value that provides relatively high recovery for
the first lien term loan and some recovery potential for the second
lien term loan in a negotiated transaction.

RATINGS RATIONALE

United FP's Caa3 CFR reflects that the company is in default on its
credit agreement due to failure to meet the April 30, 2026 first
lien and second lien interest payments, and our view of expected
recovery. The company is currently operating under a forbearance
agreement with lenders through June 30, 2026 while it continues
ongoing discussions to address its maturities.

The ratings also incorporate the high likelihood of a debt
restructuring or other form of a distressed exchange, given the
company's very high leverage, limited free cash flow that is
constraining capital expenditures, and our view that the capital
structure is unsustainable given the refinancing risk associated
with debt maturities starting in December 2026. The rating is also
constrained by the company's small scale in terms of revenue and
the high business risk of the fragmented and competitive fitness
club industry given its low barriers to entry, exposure to cyclical
shifts in discretionary consumer spending, and high attrition
rates. In addition, the rating reflects the event risk and an
aggressive financial policy due to private equity ownership. As a
franchisee, United FP's ongoing capital spending requirement is
high and restricts free cash flow generation to meet the
obligations under its agreements with Planet Fitness. However, the
rating is supported by the company's franchise relationship with
Planet Fitness, which has a well-recognized national brand name.
United FP is the largest franchise operator within the Planet
Fitness system. The rating also benefits from longer-term favorable
demographic trends such as the increased focus on health and
fitness.

United FP's earnings grew in the first nine months of 2025 driven
by relatively stable membership, price increases and cost
discipline. The company continues to service vendor, landlord, and
franchisee obligations without disruption. While operating
performance has stabilized and improved modestly, internally
generated cash flow remains insufficient to address the company's
upcoming debt maturities, and leverage remains elevated. In
addition, constrained capital spending and higher interest expense
following the expiration of prior interest rate hedges continue to
limit financial flexibility and the company's ability to invest in
its club base.

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

The stable outlook reflects our view that the current ratings
reflect our recovery expectations from a negotiated debt
restructuring within the next few months that addresses United FP's
debt maturities, improves liquidity and reduces the interest
burden.

Ratings could be upgraded if the company adequately addresses its
debt maturities while demonstrating sustained improvement in
revenue, operating profit and free cash flow. An equity injection
used to reduce debt could also support an upgrade.

The ratings could be downgraded if recovery values deteriorate.

Headquartered in Austin, TX, United FP is the US's largest Planet
Fitness franchisee. As of September 30, 2025, United FP owns and
operates 196 Planet Fitness clubs serving about 1.2 million members
in 14 different states. The company was acquired by American
Securities LLC in December 2019 and generates annual revenue of
$301 million as of the last twelve months ending September 2025.

The principal methodology used in these ratings was Business and
Consumer Services published in February 2026.

The Caa3 CFR is two notches below the Caa1 scorecard-indicated
outcome. The difference reflects that United FP is in default on
its first and second lien credit agreements due to missed interest
payments and that the company is operating under a forbearance
agreement while it pursues a negotiated transaction with lenders.


UNITY FABRICATION: Hires Lane Law Firm LLP as Bankruptcy Counsel
----------------------------------------------------------------
Unity Fabrication LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to hire The Lane Law Firm, PLLC
as general bankruptcy counsel.

The firm will render these services:

     a. assist, advise and represent the Debtor relative to the
administration of the chapter 11 case;

     b. assist, advise and represent the Debtor in analyzing the
Debtor's assets and liabilities, investigating the extent and
validity of lien and claims, and participating in and reviewing any
proposed asset sales or dispositions;

     c. attend meetings and negotiate with the representatives of
the secured creditors;

     d. assist the Debtor in the preparation, analysis, and
negotiation of any plan of reorganization and disclosure statement
accompanying any plan of reorganization;

     e. take all necessary action to protect and preserve the
interests of the Debtor;

     f. appear, as appropriate, before this Court, the Appellate
Courts, and other Courts in which matters may be heard and to
protect the interests of the Debtor before said Courts and the
United States Trustee; and

     g. perform all other necessary legal services in these cases.

The firm will be paid at these hourly rates:

     Robert C. Lane, (lead) Partner     $650
     Joshua D. Gordon, Partner          $625
     Matthew W. Bourda, Senior Counsel  $625
     A. Zachary Casas, Attorney         $575
     Kyle Garza, Attorney               $450
     Paraprofessional                   $250

Lane Law Firm received a retainer of $35,000 from the Debtor.

According to court filings, Lane Law Firm is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code and
holds no interest adverse to the estate.

The firm can be reached through:

     Robert C. Lane, Esq.
     The Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, TX 77036
     Telephone: (713) 595-8200
     Facsimile: (713) 595-8201
     Email: notifications@lanelaw.com

       About Unity Fabrication LLC

Unity Fabrication, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-33074) on April
30, 2026, with $1 million to $10 million in assets and
liabilities.

Judge Jeffrey P. Norman presides over the case.

Robert C. Lane, Esq. at The Lane Law Firm, PLLC represents the
Debtor as bankruptcy counsel.


UPSHOT BREWING: Edward Burr Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 17 appointed Edward Burr of Mac
Restructuring Advisors, LLC as Subchapter V trustee for Upshot
Brewing Company LLC.

Mr. Burr will be paid an hourly fee of $475 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Burr declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Edward Burr
     Mac Restructuring Advisors, LLC
     10191 E. Shangri La Road
     Scottsdale, AZ 85260
     Phone: (602) 418-2906
     Email: Ted@macrestructuring.com  

                 About Upshot Brewing Company LLC

Upshot Brewing Company LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Nevada Case No. 26-50457) on
May 6, 2026, with up to $50,000 in assets and $500,001 to $1
million in liabilities.

Judge Hilary L. Barnes presides over the case.

Kevin A. Darby, Esq., at Darby Law Practice, Ltd. represents the
Debtor as bankruptcy counsel.


VILLAGE HOMES: To Sell Fort Worth Property to Sherea Calderon
-------------------------------------------------------------
Village Homes, L.P. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Texas, Forth Worth Division, to sell
Property, free and clear o liens, claims, interests, and
encumbrances.

The Debtor is a Texas limited partnership formed in 1996. The
Debtor's general partner is DH Management, Inc., a Texas
corporation, which holds a 1% general partner interest. The Debtor
has two limited partners: Michael Dike and James R. Harris

The Debtor is engaged in the construction of single-family homes,
acquisition of single-family residential lots and options to
acquire lots, and in the marketing and sale of the completed homes.
The Debtor’s real properties are located in various subdivisions
in Tarrant and Parker Counties, Texas.

To finance its homebuilding operations, the Debtor maintains
various credit and borrowing facilities with several financial
institutions, including Worthington Bank.

The Debtor is the owner of the real property and the completed
single-family house constructed with an address of 6713 Lake
Overlook Dr., Fort Worth, Texas 76135. The 6713 Property is not
part of the Contract Lots and is not included in the Lis Pendens.

The Debtor entered into a One to Four Family Residential Contract
for the sale of the Property with Buyer, Sherea Calderon, for the
purchase price of $256,500.

The proposed buyer under the 6713 Agreement is not an insider of
the Debtor.

The 6713 Agreement was negotiated between the Debtor and the Buyer
at arms-length and the Buyer is providing value to the estate by
paying the purchase price as set forth in the 6713 Agreement,
therefore, the Buyer is entitled to the protections.

The 6713 Property is not one of the Contract Lots and is not
subject to the Lis Pendens. Accordingly, the Lis Pendens has no
legal force or effect as to the 6713 Property.

The closing date for the sale of the 6713 Property is scheduled for
no later than June 19, 2026.

Worthington Bank holds a first priority lien in the 6713 Property,
subject only to the liens securing real property taxes.

The Debtor seeks the authority to allow the closing agent, at
closing of the sale of the 6713 Property, to pay Worthington Bank
its Release Price in exchange for the bank's release of its lien on
the 6713 Property.

The Debtor also seeks leave for the closing agent to distribute the
sale proceeds to
pay the ordinary and necessary costs of sale, including
commissions, tax prorations, make-ready
costs, and homeowners’ warranty premium costs.

The Debtor believes Worthington Bank consents to the Debtor
retaining the net sale proceeds from closing of the Proposed
Transaction after payment of the Release Price and after payment of
the normal and customary closing costs, and that the Debtor is
authorized to use such net proceeds for business operations and
administration of this Chapter 11 Case.

                  About Village Homes for Fort Worth

Village Homes for Fort Worth was established in 1996 and has grown
into a trusted homebuilder in Fort Worth, Texas, known for its
inspired designs and dedication to quality. With almost three
decades of experience, the company has fulfilled the dreams of over
1,500 homeowners while collaborating closely with the region's top
architects, craftsmen, and vendors.

KC 117 LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D.Tex. Case No. 25-43782-mxm) on
October 1, 2025.

Jeff P. Prostok at Vartabedian Hester & Haynes LLP, represents as
legal counsel of the Debtor.


VILLAGE OF FOREST: Moody's Assigns 'Ba1' Issuer Rating
------------------------------------------------------
Moody's Ratings has affirmed the Village of Forest Park, IL's Ba1
issuer rating. The village has about $25,000 in debt outstanding.

RATINGS RATIONALE

The Ba1 issuer rating reflects the village's deficit spending and
limited revenue raising flexibility, balanced by strong liquidity
that is largely restricted. Unaudited results for fiscal 2026
(April 30 year-end) indicate an operating deficit of about $2
million, which will deepen the village's already negative
governmental fund balance. Cashflow is aided by restricted
liquidity, which is ample in the water, tax increment financing
(TIF) and capital funds. The village utilized restricted TIF
resources for operations in fiscal 2025 that Moody's expect to be
outstanding in 2026. Unrestricted cash in the water fund could be
transferred for governmental operations, however the village has
long-term plans to use water fund liquidity for capital needs.

Operating challenges are driven in part by rising fixed costs for
pensions stemming from historic underfunding of the village's two
public safety plans. While contributions have grown significantly
in recent years, they remain below Moody's tread water mark, or the
amount necessary to keep reported net pension liabilities from
growing if plan actuarial assumptions hold.

Deficit spending will continue until the village adopts significant
expenditure reductions, as revenue raising flexibility is extremely
limited without a successful voter referendum for home rule status.
The rating also incorporates the village's low debt burden and
growing tax base that supports solid resident income and property
wealth levels.

RATING OUTLOOK

Moody's do not assign outlooks to local government issuers with
this amount of debt.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATING

-- An upgrade is unlikely until the village can sustainably
balance governmental operations

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATING

-- Audited results for fiscal 2026 that reveal a substantially
larger operating deficit or interfund loan than current
expectations

-- Continued decline in liquidity without making progress towards
balancing governmental operations

PROFILE

The Village of Forest Park is non-home rule unit located about 10
miles west of the Loop in the Chicago metro area. The village has
an estimated population of about 14,000.

METHODOLOGY

The principal methodology used in this rating was US Cities and
Counties published in December 2025.


VIVAKOR INC: Amends Forbearance Terms on $7.93M Debt
----------------------------------------------------
Vivakor Inc. amended forbearance terms with J.J. Astor & Co. on May
6, 2026, covering $7.93 million of debt, according to a Form 8-K
filing with the Securities and Exchange Commission.

The Dallas company said the agreement covers an adjusted $6.82
million outstanding balance under a second note and $1.11 million
outstanding under a fourth note.

Under the amendment, Vivakor is to pay J.J. Astor $1.5 million upon
the first funding of a financing transaction being conducted by RBW
Capital Partners LLC, a division of Dawson James Securities Inc.
The first funding was to occur on or before May 7.

The company also agreed to pay $2.5 million upon the second closing
of the RBW financing, which is tied to the effectiveness of an S-1
registration statement to be filed on or before May 13 and
effective on or before July 15.

Vivakor said the remaining second-note balance would be due upon
the earlier of the closing of a contemplated Olenox Industries Inc.
transaction or receipt of proceeds from an advance under a standby
equity purchase agreement that is part of the RBW financing. The
first advance is to occur on or before Aug. 15, with 50% of net
proceeds paid directly to J.J. Astor until the second note is
repaid in full.

Vivakor separately entered into a forbearance agreement with
Cedarview Opportunities Master Fund LP. Cedarview agreed to extend
the maturity date of certain senior secured notes to Oct. 31, 2026,
subject to conditions including prepayments from financings, a
$250,000 payment from the second tranche of the RBW financing, a
pledge of 2 million Olenox shares if the Olenox transaction closes,
and issuance of 275,000 Vivakor common shares to Cedarview.

The company also reported unregistered share issuances, including
393,547 common shares to Chief Executive James Ballengee for
preferred-stock dividends, 693,492 shares to certain Series A
preferred holders for dividends, 250,000 shares to Chief Financial
Officer Kimberly Hawley as a discretionary bonus and 142,716 shares
to ClearThink Capital Partners under a consulting agreement.

                          About Vivakor Inc.

Vivakor Inc., headquartered in Dallas, Texas, operates an
integrated midstream platform providing crude oil transportation,
terminaling, storage, marketing and trading services across major
U.S. producing basins. The company's transportation operations
include trucking and pipeline infrastructure serving Colorado's DJ
Basin, Central Oklahoma's STACK play and the Permian and Eagle Ford
basins of Texas. Its assets include the Omega Gathering Pipeline, a
45-mile crude oil gathering and shuttle system in Blaine County,
Oklahoma, and terminaling facilities in Colorado City, Texas;
Delhi, Louisiana; and CP Omega. The company also has a remediation
processing segment under development at the San Jacinto River &
Rail Park in Harris County, Texas, designed to process oilfield
waste, tank bottoms, vessel residues and contaminated soils.

In an audit report dated April 15, 2026, Urish Popeck & Co., LLC
included a going concern qualification, stating that Vivakor had a
significant working capital deficiency, suffered significant
recurring losses from operations and needed to raise additional
funds to meet obligations and sustain operations. The conditions
raised substantial doubt about the company's ability to continue as
a going concern.

As of Dec. 31, 2025, Vivakor reported total assets of $113.49
million, total liabilities of $76.30 million and total
stockholders' equity of $37.19 million.


VPR HOLDINGS: To Sell Eastsound Property to Ashley & Ryan Sheffer
-----------------------------------------------------------------
VPR Holdings, LLC seeks permission from the U.S. Bankruptcy Court
for the Western District of Washington at Seattle, to sell Property
free and clear of liens, claims, interests, and encumbrances.

The Debtor's Property is located at 65 Aerie Road, Eastsound, San
Juan County, Washington.

The Debtor wants to sell the Property to  Ashley Sheffer and Ryan
Sheffer (Sheffer) for the price of $2,500,000.

The Property is a short-term rental residence situated on 5+ on
Orcas Island. The residence is approximately 6000 square feet, with
seven bedrooms, 5 ½ bathrooms and waterfront views.

The Property is currently assessed by the San Juan County Assessor
for tax purposes at $1,825,000. The Debtor valued the Property in
its bankruptcy schedules at an appraised value of $3.6 million and
had the Property listed for sale in 2025 at $2.99 million until a
few months prior to the filing of the Chapter 11 when the listing
expired.

The Debtor received an offer from Sheffer for $2.2 million that was
later increased to $2.5 million. That offer was not accepted.

The Debtor has not listed the Property for sale during the Chapter
11 and has not employed a real estate broker. The real estate
broker who brought the agreement to the Debtor is the broker who
listed the Property for sale prior to the Chapter 11.

The Debtor estimates that Onslow Bay Financial, LLC, the current
holder of the first priority deed of trust, is owed $2,300,000 on
the first mortgage.

The Debtor proposes to pay at closing a 2.5% real estate commission
on the sale price to Kevin Ranker and Compass Real Estate, LLC
which is the selling agent on the transaction.

The Debtor also proposes to pay unpaid real estate taxes prorated
to closing date, lienable utility charges and other customary
closing costs from the sale proceeds. The Debtor also requests
authority to sign any and all documents reasonably necessary to
complete the sale.

               About VPR Holdings, LLC

VPR Holdings, LLC owns and leases a single-family home in
Eastsound, Washington, providing rental housing and property
management services.

VPR Holdings filed Chapter 11 petition (Bankr. W.D. Wash. Case No.
25-13580) on December 18, 2025, listing between $1 million and $10
million in assets and liabilities.

Judge Timothy W. Dore oversees the case.

The Debtor is represented by James E Dickmeyer, Esq., at LAW OFFICE
OF JAMES E DICKMEYER PC, in Kirkland, Washington.


W. GATES REAL: Seeks to Hire Tom Bible Law as Bankruptcy Counsel
----------------------------------------------------------------
W. Gates Real Estate Holdings LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Tennessee to hire the
Law Office of W. Thomas Bible, Jr. d/b/a Tom Bible Law as counsel.

The firm will render these services:

     (a) advise the Debtor as to its rights, duties, and powers;

     (b) investigate and if necessary, institute legal action on
behalf of the Debtor to collect and recover assets of the estate;

     (c) prepare and file the statements, schedules, plans, and
other documents and pleadings necessary to be filed by the Debtor
in this case;

     (d) assist and counsel the Debtor in the preparation,
presentation and confirmation of its disclosure statement and plan
of reorganization;

     (e) represent the Debtor at all hearings, meetings of
creditors, conferences, trials, and other proceedings in this case;
and

     (f) perform such other legal services as may be necessary in
connection with this case.

The firm's hourly rates are:

     Attorney     $475
     Paralegal    $125

The firm will receive a retainer of $11,738 from Debtor.

W. Thomas Bible, Jr., Esq., disclosed in a court filing that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     W. Thomas Bible, Jr., Esq.
     Tom Bible Law
     6918 Shallowford Road, Suite 100
     Chattanooga, TN  37421
     Telephone: (423) 424-3116
     Facsimile: (423) 553-0639
     Email: tom@tombiblelaw.com

       About W. Gates Real Estate Holdings LLC

W. Gates Real Estate Holdings, LLC owns a residential real estate
property in Nolensville, Tennessee, at 2794 Sanford Road.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-11110) on April 29,
2026, with $1 million to $10 million in both assets and
liabilities. William Coffee, managing member, signed the petition.

Judge Nicholas W. Whittenburg presides over the case.

W. Thomas Bible, Jr., Esq., at Tom Bible Law represents the Debtor
as bankruptcy counsel.


W/L PROPERTIES: Hires Lawrence & Jurkiewicz LLC as Attorney
-----------------------------------------------------------
W/L Properties L.L.C. seeks approval from the U.S. Bankruptcy Court
for the District of Connecticut to hire Lawrence & Jurkiewicz, LLC,
as its attorney.

The firm's services include:

     (a) advising the Debtor of its rights, powers, and duties as
debtor in possession;

     (b) representing the Debtor in connection with the Initial
Debtor Interview, First Meeting of Creditors, and all further
meetings of creditors;

     (c) advising the Debtor concerning, and assisting in the
negotiation and documentation of debt restructuring, and related
transactions;

     (d) advising the Debtor concerning actions available to
collect and recover property for the benefit of the estate;

     (e) preparing certain applications, motions, pleadings, draft
orders, notices, schedules and other documents, and reviewing
financial and other reports to be filed in the case;

     (f) advising the Debtor concerning and preparing responses to
applications, motions, pleadings, notices and other papers which
may be filed and served in this case;

     (g) advising the Debtor concerning the formulation, and
promulgation of a disclosure statement, plan of reorganization and
related documents;

     (h) representing the Debtor in connection with the hearing on
confirmation; and

     (i) performing all other legal services for the Debtor which
may be necessary or appropriate in the administration of the case.

Lawrence & Jurkiewicz will charge $400 per hour for the services of
its attorneys and $150 per hour for paralegal services.  Prior to
the petition date, the firm received a retainer of $30,000.

Lawrence & Jurkiewicz and its members and employees are
"disinterested persons" within the meaning of Section 101(14) of
the Bankruptcy Code, according to court filings.

The firm may be reached through:

     Edward P. Jurkiewicz, Esq.
     Lawrence & Jurkiewicz, LLC
     60 East Main Street
     Avon, CT 06001  
     Telephone: (860) 299-6263
     Facsimile: (860) 677-5005
     Email: edwardjurkiewicz@sbcglobal.net

           About W/L Properties L.L.C.

W/L Properties L.L.C. is a single-asset real estate company that
owns The Shoppes at Larson Farm, a 59,201-square-foot retail plaza
at 1379 Farmington Avenue in Bristol, Connecticut. The property has
an estimated value of $13.49 million.

W/L Properties L.L.C. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Conn. Case No.
26-20444) on May 1, 2026, listing $13,582,367 in assets and
$10,413,156 in liabilities. Stephen C. Larson signed the petition
as managing member.

Edward P. Jurkiewicz, Esq. at LAWRENCE & JURKIEWICZ, LLC serves as
the Debtor's counsel.


WAIPAHU LLC: Case Summary & 11 Unsecured Creditors
--------------------------------------------------
Debtor: Waipahu, LLC
        100 Main St SW
        Gainesville GA 30501

Business Description: Waipahu, LLC is a Waipahu, Hawaii-based real
estate entity associated with the commercial property at 94-050
Farrington Highway. The property operates as a retail center
serving food-service, retail, and other commercial tenants.

Chapter 11 Petition Date: May 14, 2026

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 26-20767

Debtor's Counsel: William Rountree, Esq.
                  ROUNTREE, LEITMAN, KLEIN & GEER, LLC
                  2987 Clairmont Road Suite 350
                  Atlanta GA 30329
                  Tel: 404-584-1238
                  Email: wrountree@rlkglaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary Pinkston as manager.

A full-text copy of the petition, which includes a list of the
Debtor's 11 unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/EEIOYBA/Waipahu_LLC__ganbke-26-20767__0001.0.pdf?mcid=tGE4TAMA


WATCHTOWER FIREARMS: Condon Tobin Withdraws as Counsel
------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas granted the motion of Condon Tobin Sladek Sparks
Nerenberg, PLLC, and its attorneys Aaron Z. Tobin, H. Joseph
Acosta, Jared T.S. Pace, and Nick H. Burns to withdraw as counsel
for Watchtower Firearms, LLC in the adversary proceeding captioned
as Watchtower Firearms, LLC, Plaintiff, v. Dion Podgurny; F-1
Firearms, LLC Defendants, Adv. Proc. No. 25-04038 (Bankr. N.D.
Tex.).

As shared by the Troubled Company Reporter, the Debtor was formed
to acquire the assets and firearm-manufacturing business from F-1
Firearms, LLC, which is owned by Mr. Podgurny. At or about that
same time, in April 2023, the Debtor signed a Commercial Lease with
PFT Texas, LLC, which is also owned by Mr. Podgurny. Under the
Commercial Lease, the Debtor leased certain premises from which F1
Firearms, and then Debtor, conducted the firearm-manufacturing
business. Within a year after the Debtor acquired the business from
F-1 Firearms and executed the Commercial Lease with landlord, the
parties began filing lawsuits against one another for various
alleged claims and causes of action, including defamation, business
disparagement, breach of contract, tortious interference, and a
multitude of issues concerning the Commercial Lease and the lease
premises.

                About Watchtower Firearms LLC

Watchtower Firearms LLC is a veteran-owned company offering a
diverse range of firearms, including custom rifles, special edition
rifles, and handguns. The Company serves military, law enforcement,
hunting, and personal use markets. In addition to firearms, it
provides suppressors, components, and specialized gear tailored to
meet the needs of its customers.

Watchtower Firearms LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40684) on Feb. 27,
2025. In its petition, the Debtor reports estimated assets and
liabilities between $10 million and $50 million each.

Judge Mark X. Mullin oversees the case.

Joseph Acosta, Esq., at CONDON TOBIN, is the Debtor's counsel.

Husch Blackwell LLP represents the Official Committee of Unsecured
Creditors.


WAYFAIR LLC: Moody's Rates New $400MM Secured Notes Due 2034 'B2'
-----------------------------------------------------------------
Moody's Ratings assigned a B2 rating to Wayfair LLC's $400 million
backed senior secured notes due 2034. All ratings of Wayfair Inc.
("Wayfair") including its B3 corporate family rating, B3-PD
probability of default rating and Wayfair LLC B2 backed senior
secured notes remain unchanged. Wayfair's speculative grade
liquidity rating ("SGL") remains unchanged at SGL-1. The outlook
for both issuers remains stable.

Net proceeds from the proposed senior secured notes will be used to
repay convertible notes (unrated) and for general corporate
purposes.

RATINGS RATIONALE

Wayfair's B3 CFR reflects its high debt level of debt relative to
its weak but improving operating margins as the company continues
to outperform in a challenging consumer environment. The company
has improved revenue and earnings and has reduced leverage to more
sustainable levels. Wayfair's lease adjusted EBITDA was $676
million (as per Moody's definitions which does not addback stock
compensation expense) and debt/EBITDA was 5.9x for LTM March 31,
2026. Wayfair continues to benefit from the improvement in its cost
structure as evidenced by its exit of the German market and its
right sizing of its technology workforce as the consumer demand for
its home goods and furnishings remains tepid.

Wayfair's very good liquidity (SGL-1) including its positive free
cash flow, is a key support to the B3 CFR. Wayfair continues to
maintain a high cash balance of $1.0 billion as of March 2026. The
company generated positive free cash flow LTM March 2026 of
approximately $362 million (cash from operations less capex) with
full availability under its $500 million revolver (unrated), net of
$90 million letters of credit. The proposed notes offering will
enhance the company's liquidity to address its remaining
convertible maturities. The convertible notes are subject to a
significant premium which will need to be paid in either cash or
stock.

Positive ratings consideration was given to Wayfair's significant
scale with $12.7 billion of revenue in the fragmented home products
category. Wayfair's e-commerce platform reaches over 21 million
active customers and connects approximately 20 thousand suppliers
through its technology and logistics infrastructure. Its business
model has limited inventory risk as Wayfair primarily takes
ownership of product after purchase. Most of its products sold are
shipped to customers directly from suppliers with Wayfair
increasing the number of shipments through its own logistical
network.

The stable outlook reflects Moody's views that sales and operating
performance will improve despite the tepid home goods market and
execute on its initiatives to expand operating margins. Moody's
expects earnings growth, positive free cash flow and debt reduction
to drive improved credit metrics while maintaining very good
liquidity.

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

Ratings could be upgraded if Wayfair generates consistent revenue
and operating earnings growth while maintaining at least good
liquidity, which includes positive free cash flow. An upgrade would
also require the maintenance of a conservative financial policy
which prioritizes debt reduction, addresses its debt maturities in
a timely manner while extending the duration of its maturity
profile. Quantitatively ratings could be upgraded if adjusted
debt/EBITDA (per Moody's definitions) was sustained below 5.5x and
(EBITDA-Capex)/Interest expense (per Moody's definitions) of over
1.5x.

Ratings could be downgraded if sales and profitability growth are
insufficient to generate positive free cash flow and deleveraging
which results in a sustainable capital structure. The ratings could
also be downgraded if liquidity deteriorates or financial strategy
became more aggressive including upcoming debt maturities not being
prefunded with internal cash sources or refinanced well in
advance.

Wayfair Inc. is one of the world's largest destinations for the
home, through a family of sites including Wayfair, Joss & Main,
AllModern, Birch Lane, Perigold, and Wayfair Professional. The
company had $12.7 billion of sales as of March 31, 2026. Wayfair is
publicly traded on the NYSE under the symbol, "W".

The principal methodology used in this rating was Retail and
Apparel published in September 2025.


WEISER ONION: Case Summary & Nine Unsecured Creditors
-----------------------------------------------------
Debtor: Weiser Onion Produce LLC
        734 West Idaho Street
        Weiser, ID 83672

Business Description: Weiser Onion Produce LLC is a Weiser, Idaho-
based produce wholesaler that packs and ships onions for retail
and foodservice customers. Founded in 2022, the company operates
from a Weiser packing facility and handles yellow, white and red
onions grown by the Navarrete family's farming operations in the
Idaho-Oregon onion region.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       District of Idaho

Case No.: 26-00405

Debtor's Counsel: Patrick J. Geile, Esq.
                  FOLEY FREEMAN, PLLC
                  953 S. Industry Way
                  Meridian, ID 83642
                  Tel: (208) 888-9111
                  Fax: (208) 888-5130
                  Email: pgeile@foleyfreeman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jose David Navarrete as owner.

A full-text copy of the petition, which includes a list of the
Debtor's nine unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/JHXMZCY/Weiser_Onion_Produce_LLC__idbke-26-00405__0001.0.pdf?mcid=tGE4TAMA


WELLPATH HOLDINGS: Day, et al. Win Dismissal of Keim Lawsuit
------------------------------------------------------------
Chief Judge David L. Bunning of the U.S. District Court for the
Eastern District of Kentucky adopted the recommendation of U.S.
Magistrate Judge Edward B. Atkins that Connie Day and Dannel
Brown's motion to dismiss the case captioned as GARY KEIM,
PLAINTIFF v. CONNIE DAY, et al., DEFENDANTS, CIVIL ACTION NO.
23-14-DLB-EBA (E.D. Ky.), be granted and that all claims against
them, in both their official as well as individual capacities, be
dismissed.

In seeking dismissal of the claims against them, Defendants Day and
Brown argued that based upon the release of claims pursuant to the
plan confirmed by the United States Bankruptcy Court for the
Southern District of Texas, Houston, Texas, Plaintiff is enjoined
from pursuing his claims against them because he elected not to opt
out of the Plan's Third-Party Release.

In his Amended Report and Recommendation and Supplemental Report
and Recommendation, Magistrate Judge Atkins found there to be no
official record that Plaintiff opting out of the Third-Party
Release in Wellpath, LLC's Chapter 11 plan of Reorganization, and,
as such, claims against Day and Brown in their official capacity
should be dismissed.

Defendants Brown and Day filed an objection, seeking clarification
and asking the Court to also dismiss the claims against them in
their individual capacities.  Notably, Plaintiff did not file an
objection.

Plaintiff filed an Objection to the Supplemental R&R, arguing that
the Magistrate Judge should have applied the summary judgment
standard and deny Defendants' motion.

Judge Bunning concludes, "Plaintiff did not file an objection to
the initial R&R. By failing to do so, he has waived his right to
raise an objection now. Even if his objection is considered, it is
without merit."

Accordingly, the Court ordered as follows:

   (1) Magistrate Judge's Amended Report and Recommendation and
Supplemental Report and Recommendation are adopted as the findings
of fact and conclusions of law of the Court.
   (2) Defendants' objection is overruled as moot.
   (3) Plaintiff's objection is overruled; and
   (4) Defendants Connie Day and Dannel Brown's motion to dismiss
is granted.

A copy of the Court's Order dated May 11, 2026, is available at
https://urlcurt.com/u?l=1kNuCY from PacerMonitor.com.

                    About Wellpath Holdings

Wellpath Holdings, Inc., formerly known as CCS-CMGC Holdings, Inc.,
is a provider of medical and mental healthcare in jails, prisons,
and inpatient and residential treatment facilities.

Wellpath Holdings and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case
No. 24-90533) on Nov. 11, 2024. Timothy Dragelin, chief
restructuring officer and chief financial officer, signed the
petitions. At the time of the filing, the Debtors reported $1
billion to $10 billion in assets and liabilities.

Judge Alfredo R. Perez oversees the cases.

The Debtors tapped Marcus A. Helt, Esq., at McDermott Will & Emery,
LLP, as bankruptcy counsel; FTI Consulting, Inc., as financial
advisor; and Lazard Freres & Co., LLC and MTS Partners, LP as
investment banker.

The Bankruptcy Court confirmed the chapter 11 plan on May 1, 2025.


WEST TECHNOLOGY: Moody's Appends 'LD' Designation to 'Caa3-PD' PDR
------------------------------------------------------------------
Moody's Ratings appended a limited default "/LD" designation to
West Technology Group, LLC's (West Technology) probability of
default rating, changing the PDR to Caa3-PD/LD from Caa3-PD. The
/LD designation reflects West Technology's missed interest payment
on its Ca-rated senior secured second lien notes due April 2027,
following the expiration of the 30-day grace period after the 10
April 2026 payment date. The non-payment of contractual interest
following the expiration of the grace period is consistent with a
limited default classification under Moody's definition. The
limited default designation will remain in place until the missed
interest payment is cured or otherwise resolved.

West Technology's corporate family rating (CFR) remains unchanged
at Ca, as do the Caa3 ratings on its senior secured first lien bank
credit facilities, including the revolving credit facility expiring
August 2026 and the term loan B3 due April 2027, and the Ca rating
on its senior secured second lien notes due April 2027. The outlook
remains negative.

The missed payment occurs in the context of a broader liability
management and strategic review process. Prior to expiration of the
30-day grace period, West Technology entered into a Transaction
Support Agreement (TSA) with its equity sponsor, Apollo Global
Management, and several of its largest lenders, as the company
evaluates strategic alternatives and seeks to position the business
for sustainable long-term growth.

The TSA includes a forbearance agreement under which the supporting
lenders have agreed to temporarily forgo enforcement actions, and
the company is not expected to make interest payments on its senior
secured first lien term loan and senior secured second lien notes
during the TSA support period. This approach is intended to provide
additional liquidity runway while the company evaluates potential
strategic transactions, and is supported by key financial
stakeholders, including its lenders and sponsor.

West Technology Group, LLC (formerly Intrado Corporation) is a
provider of technology-enabled communications services. The company
was acquired by affiliates of Apollo Global Management, Inc. in
October 2017.


WHERE FAMILIES: Natasha Songonuga Named Subchapter V Trustee
------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Natasha Songonuga,
Esq., at VTrustee, LLC as Subchapter V trustee for Where Families
Thrive.

Ms. Songonuga will be paid an hourly fee of $450 for her services
as Subchapter V trustee. In addition, the Subchapter V trustee will
receive reimbursement for work-related expenses incurred.

Ms. Songonuga declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Natasha Songonuga, Esq.
     VTrustee LLC
     PO Box 841
     Wilmington, DE 19899
     Email: Nsongonuga@VTrusteellc.com

                    About Where Families Thrive

Where Families Thrive provides mental health and wellness services
as part of The Thrive Network, a New Jersey-based organization
offering counseling for children, teens, adults and families. The
Clementon-based practice provides services including child and
adolescent therapy, family therapy, adult therapy, couples
counseling, trauma counseling, play therapy and telehealth therapy,
supported by licensed therapists and mental health professionals.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.J. Case No. 26-15195) on May 7, 2026,
with up to $50,000 in assets and $1 million to $10 million in
liabilities. Michelle Codington, president, signed the petition.

E. Richard Dressel, Esq., at Lex Nova Law, LLC represents the
Debtor as bankruptcy counsel.


WILD CHILD: Ronald Friedman Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 2 appointed Ronald Friedman, Esq., at
Rimon, PC as Subchapter V trustee for Wild Child Lonn, LLC.

Mr. Friedman will be paid an hourly fee of $850 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Friedman declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Ronald J. Friedman, Esq.
     Rimon PC
     100 Jericho Quadrangle, Ste. 300
     Jericho, NY 11753
     Email: ronald.friedman@rimonlaw.com

                    About Wild Child Lonn LLC

Wild Child Lonn LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 26-42203) on May 05,
2026, with $100,001 to $500,000 in assets and up to $50,000 in
liabilities.

Judge Jil Mazer-Marino presides over the case.

Jay Meyers, Esq., represents the Debtor as legal counsel.


WISDOM DENTAL: Gets Extension to Access Cash Collateral
-------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Fort
Myers Division issued a fifth interim order extending Wisdom
Dental, P.A.'s authority to use cash collateral.

The fifth interim order signed by Judge Caryl Delano authorized the
Debtor to use cash collateral to pay the amounts expressly
authorized by the court, including Subchapter V trustee interim
compensation; the expenses set forth in the budget, plus an amount
not to exceed 10% for each line item; and additional amounts
subject to approval by secured creditors. This authorization will
continue until further order of the court.

The eight-week budget projects total operational expenses of
$303,505 for the period from April 20 to June 14.

The U.S. Small Business Administration and 19 other secured
creditors will receive replacement liens on post-petition
collateral, with the same validity and priority as their
pre-bankruptcy liens.

In addition, the Debtor was ordered to keep its property insured in
accordance with the obligations under the loan and security
documents with the secured creditors.

As of the petition filing, the Debtor reported $850 in cash and
$170,420.28 in accounts receivable. It also listed 20 secured
creditors that may have valid pre-bankruptcy liens on its cash or
receivables such as Seacoast National Bank, U.S. Small Business
Administration, Fresh Funding Solutions, and others, some of whom
have already been paid in full.

The order is available at
http://bankrupt.com/misc/WisdomDental_5ICCOrder.pdf

                     About Wisdom Dental P.A.

Wisdom Dental, P.A. operates a dental clinic under the name Ave
Maria Dentistry from its location in Ave Maria, Florida. The
practice provides preventive, restorative, and cosmetic dental
services and is led by Dr. Wisdom D. Akpaka. The company was
incorporated in Florida in 2015.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-01508) on August 6,
2025. In the petition signed by Wisdom Akpaka, president, the
Debtor disclosed $223,970 in assets and $2,851,770 in liabilities.

Judge Caryl E. Delano oversees the case.

Michael Dal Lago, Esq., at Dal Lago Law, represents the Debtor as
bankruptcy counsel.


XOS INC: Cuts Conversion Price on $20 Million Aljomaih Note
-----------------------------------------------------------
Xos Inc. amended a convertible promissory note with Aljomaih
Automotive Co., lowering the conversion price to $12 a share from
$71.451 a share, according to company's filing with the Securities
and Exchange Commission.

The May 8 third amended and restated note covers a $20 million
convertible promissory note originally issued by Xos to Aljomaih in
August 2022. The prior conversion price reflected a 1-for-30
reverse stock split completed in December 2023.

The amendment also added a mandatory conversion feature if the
daily volume-weighted average price of Xos common stock exceeds $16
a share for at least 20 trading days during a
30-consecutive-trading-day period. Xos said all other terms of the
note remain unchanged in any material respect.

                           About Xos Inc.

Xos, Inc. provides energy storage and fleet electrification
solutions for commercial transportation. The Company designs and
manufactures Classes 5 and 6 battery-electric commercial vehicles
for last-mile, back-to-base routes of up to 200 miles per day,
supported by its proprietary X-Platform chassis and high-voltage
architecture. Through Xos Energy Solutions, the Company offers
mobile and stationary charging products, including the Xos Hub, as
well as mobile energy storage products for electric vehicle fleets.
Xos is based in Los Angeles, California.

In an audit report dated March 30, 2026, Grant Thornton LLP
included a going concern qualification, citing Xos' net loss, cash
used in operating activities, working capital that included cash
and cash equivalents, and accumulated deficit. Those conditions
raised substantial doubt about the company's ability to continue as
a going concern.

As of March 31, 2026, the company had $54.42 million in total
assets, $34.63 million in total liabilities, and $19.79 million in
total stockholders' equity.


ZION OIL & GAS: Q1 Loss Widens to $2.08MM, Going Concern Persists
-----------------------------------------------------------------
Zion Oil and Gas, Inc. has filed its Quarterly Report on Form 10-Q
with the U.S. Securities and Exchange Commission, reporting net
losses for the three months ended March 31, 2026 were $2,083,000
compared to $1,675,000 for the three months ended March 31, 2025.
The Company currently has no revenue generating operations.

Operating costs and expenses for the three months ended March 31,
2026 were $2,122,000 compared to $1,700,000 for the three months
ended March 31, 2025. Operating costs and expenses for the three
months ended March 31, 2026 were $422,000 (25%) higher compared to
the three months ended March 31, 2025. The primary driver of the
increase was legal fees incurred for a proactive cybersecurity
assessment.

General and administrative expenses for the three months ended
March 31, 2026 were $1,461,000 compared to $1,101,000 for the three
months ended March 31, 2025. This expense grouping includes
salaries, benefits, stock option expenses and professional fees.
G&A expenses were higher by $360,000 (33%) during the most recent
quarter versus the prior year quarter primarily due legal fees
incurred for a proactive cybersecurity assessment.

Other expense. Other expenses during the three months ended March
31, 2026 were $661,000 compared to $599,000 for the three months
ended March 31, 2025. Other general and administrative expenses are
comprised of non-cash compensation and non-professional expenses
incurred. Other expenses increased by $62,000 (10%) for the three
months ended March 31, 2026. Zion incurred higher rig depreciation
expense in 2026 due to rig additions.

Other (income) during the three months ended March 31, 2026 were
($39,000) compared to ($25,000) for the three months ended March
31, 2025. The income in this category comprises foreign currency
exchange costs, primarily the New Israeli Shekel (NIS) to the US
dollar, and the financial expenses/income. Zion earned higher
interest income during the three and nine months ended March 31,
2026, due to higher average cash balances.

Liquidity and Capital Resources

Liquidity is a measure of a company's ability to meet potential
cash requirements. The Company has historically met its capital
requirements through the issuance of common stock as well as
proceeds from the exercise of warrants and options to purchase
common shares.

The Company's ability to continue as a going concern is dependent
upon obtaining the necessary financing to complete further
exploration and development activities and generate profitable
operations from its oil and natural gas interests in the future.
The Company's current operations are dependent upon the adequacy of
its current assets to meet its current expenditure requirements and
the accuracy of management's estimates of those requirements.
Should those estimates be materially incorrect, the Company's
ability to continue as a going concern will be in doubt. The
Company's financial statements for the three months ended March 31,
2026 have been prepared on a going concern basis, which
contemplates the realization of assets and the settlement of
liabilities and commitments in the normal course of business. The
Company has incurred a history of operating losses and negative
cash flows from operations. Therefore, there is substantial doubt
about the Company's ability to continue as a going concern.

At March 31, 2026, the Company had approximately $10,700,000 in
cash and cash equivalents compared to $8,313,000 at December 31,
2025, which does not include any restricted funds. Working capital
(current assets minus current liabilities) was $11,317,000 at March
31, 2026 and $9,271,000 at December 31, 2025.

As of March 31, 2026, and December 31, 2025, the Company provided
Israeli-required bank guarantees to various governmental bodies
(approximately $1,429,000 and $1,424,000, respectively) and others
(approximately $109,000 and $109,000, respectively) with respect to
its drilling operation in an aggregate amount of approximately
$1,538,000 and $1,533,000, respectively. The (cash) funds backing
these guarantees are held in restricted interest-bearing accounts
in Israel and are reported on the Company's balance sheets as cash
and cash equivalents – restricted.

During the three months ended March 31, 2026, cash used in
operating activities totaled $1,478,000. Cash provided by financing
activities during the three months ended March 31, 2026 was
$8,045,000 and is primarily attributable to proceeds received from
the Dividend Reinvestment and Stock Purchase Plan. Net cash used in
investing activities such as unproved oil and gas properties,
equipment and spare parts was $4,179,000 for the three months ended
March 31, 2026.

During the three months ended March 31, 2025, cash used in
operating activities totaled $2,457,000. Cash provided by financing
activities during the three months ended March 31, 2025 was
$6,041,000 and is primarily attributable to proceeds received from
the Dividend Reinvestment and Stock Purchase Plan. Net cash used in
investing activities such as unproved oil and gas properties,
equipment and spare parts was $798,000 for the three months ended
March 31, 2025.

Accounting standards require management to evaluate the Company's
ability to continue as a going concern for a period of one year
subsequent to the date of the filing of this Form 10-Q. The Company
expects to incur additional significant expenditures to further its
exploration and development programs. While the Company raised
approximately $974,000 during the period April 1, 2026 through May
5, 2026, which includes collection of the $30,000 stock
subscription receivable at March 31, 2026, the Company will need to
raise additional funds in order to continue its exploration and
development activities in its license area. Additionally, the
Company estimates that, when it is not actively drilling a well,
its expenditures are approximately $600,000 per month excluding
exploratory operational activities. However, when the Company is
actively drilling a well, it estimates an additional minimum
expenditure of approximately $2,500,000 per month. The above
estimates are subject to change. Subject to the qualifications
specified below, management believes that the Company's existing
cash balance, coupled with anticipated proceeds under the DSPP,
will be sufficient to finance its plan of operations through June
2027.

Uncertainties are posed by the various wars and conflicts affecting
Israel including, but not limited to, Iran, Hezbollah, Hamas, the
Houthis (in Yemen), as well as armed groups in Syria and Iraq. The
duration and impacts of these conflicts and/or wars are not fully
known at this point in time.

No assurance can be provided that the Company will be able to raise
the needed operating capital.

Even if the Company raises the needed funds, there are factors that
can nevertheless adversely impact its ability to fund its operating
needs, including (without limitation), the potential impact of the
Israel-US-Iran war, the Israel-Hezbollah war, and Israel-Hamas war,
the potential actions of other hostile parties in the region,
unexpected or unforeseen cost overruns in exploratory work in
existing license areas, the costs associated with extended delays
in undertaking the required exploratory work, and plugging and
abandonment activities which is typical of what the Company has
experienced in the past.

A full text copy of the Company's Form 10-Q is available at
https://tinyurl.com/bdfdzb4w

                         About Zion Oil

Headquartered in Dallas, Texas, Zion Oil and Gas, Inc. --
http://www.zionoil.com/-- is an oil and gas exploration company
dedicated to exploring for oil and gas onshore in Israel under its
Megiddo Valleys License 434 which covers approximately 75,000
acres.

Las Vegas, Nevada-based RBSM LLP, the Company's auditor since 2018,
issued a "going concern" qualification in its report dated March
19, 2026, attached to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 2025, citing that the Company
has suffered recurring losses from operations and had an
accumulated deficit that raises substantial doubt about its ability
to continue as a going concern.

As of March 31, 2026, the Company had $52,576,000 in total assets,
$4,144,000 in total liabilities, and $48,432,000 in total
stockholders' equity.


ZOE CENTER: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Zoe Center for ABA and Development Services LLC
        306 Johnston Dr.
        Thomaston, GA 30286

Business Description: Zoe Center for ABA and Development Services
provides applied behavior analysis therapy and related behavioral
health services for adults, children and adolescents. The company,
headquartered in Columbus, Georgia, offers center-based, home and
community-based therapy, including individualized behavior plans,
skills-acquisition programs and caregiver training. Founded in
2018, Zoe Center serves clients across Alabama, Colorado, Florida,
Georgia and Tennessee through clinicians including board-certified
behavior analysts, assistant behavior analysts and registered
behavior technicians.

Chapter 11 Petition Date: May 13, 2026

Court: United States Bankruptcy Court
       Middle District of Georgia

Case No.: 26-50809

Debtor's Counsel: David L. Bury, Jr., Esq.
                  STONE BAXTER, LLP
                  577 Third Street
                  Macon, GA 31201
                  Tel: 478-750-9898
                  Fax: 478-750-9899
                  Email: dbury@stoneandbaxter.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stephanie H. Kong, M.D. as manager.

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/QMT3EPA/Zoe_Center_for_ABA_and_Development__gambke-26-50809__0001.0.pdf?mcid=tGE4TAMA


                            *********

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