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260619.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, June 19, 2026, Vol. 30, No. 170 Headlines 2180 HOLDINGS COMPANY: UCC Public Sale Scheduled for June 19 22ND CENTURY: Receives $462K Cash Proceeds From Warrant Inducement 286 GRAND: To Sell Falmouth Condominium to Highest Bid 335 RUSHMORE: Voluntary Chapter 11 Case Summary 522 FIFTH VENTURE: Case Summary & 12 Unsecured Creditors 737 MAIN: Commences Chapter 11 Bankruptcy in New York A FAMILY AFFAIR: Unsecureds to Get Share of Income for 36 Months ACCENDRA HEALTH: S&P Alters Outlook to Stable, Affirms 'B' ICR ADAGIO MEDICAL: Receives Nasdaq Min. Bid Price Noncompliance Notice ADVANCED JOINTS: Case Summary & Seven Unsecured Creditors AI ERA CORP: Dzmitry Kastahorau Resigns as Chief Financial Officer ALPHA SURFACES: Case Summary & Five Unsecured Creditors ALVAREZ INDUSTRIES: Case Summary & Seven Unsecured Creditors APOGEE BREWING: Reaches Agreement with Stellar; Amends Plan ARTIFICIAL INTELLIGENCE: Narrows Net Loss to $14.5MM in FY26 ASPIRA WOMENS: Completes $1.485 Million Private Placement AVALON GLOBOCARE: All Six Key Proposals Approved at Annual Meeting AW FARMS: Court Extends Cash Collateral Access to July 15 AXIP ENERGY: Plan Confirmation Hearing Scheduled for June 22 BALLY'S CORP: Fitch Alters Outlook on 'B-' IDR to Negative BARBEQUE EXCHANGE: Unsecureds to Get 40 Cents on Dollar in Plan BARRE LUXURY: Seeks Chapter 11 Bankruptcy in New York BAYLIE'S SQUARE: Seeks Subchapter V Bankruptcy in Florida BCPE HIPH: S&P Assigns 'B-' Issuer Credit Rating, Outlook Positive BETTER BATH: Gets Interim OK to Use Cash Collateral Until June 24 BLUE BIOFUELS: Engages Sadler Gibb as New Independent Auditor BLUE GALLERIA: Claims to be Paid from Continued Operations BLUE GALLERIA: Unsecureds Will Get 100% of Claims in Plan BRIGHTLINE TRAIN: Receives Bond Payment Deadline Extension BROADWAY REALTY: US Trustee Seeks Weil Gotshal Fee Cut in Ch. 11 BTB PIZZA: Seeks Subchapter V Bankruptcy in New York CCH JOHN EAGAN I: Court Extends Cash Collateral Access to June 30 CELEST INVESTMENTS: Court Extends Cash Collateral Access to Aug. 6 CIBUS INC: Appoints Craig Wichner as CEO CLEARSIDE BIOMEDICAL: Court Sets July 1 Plan Confirmation Hearing CONROE CORRAL: Commences Chapter 11 Bankruptcy in Texas DANSKAMMER HOLDCO: Case Summary & 20 Largest Unsecured Creditors DURANTE EQUIPMENT: Gets Court Nod to Use Cash Collateral EASTSIDE COLLISION: Gets Interim OK to Use Cash Collateral EFTIALEX CORP: Seeks Chapter 11 Bankruptcy in New York ELETSON GAS: Court Rejects Permanent Block in Award Battle ELITA 7 LLC: Amends Unsecured Claims Pay Details ENVERIC BIOSCIENCES: Expands ATM Offering by Additional $2.425-Mil. EVA LIVE: Reaches Terms for 51% Stake in Spiro Senior Living FADE BY: To Sell Hammer & Nails to Berrupp Management for $225K FAIRFAX BEST: Starts Chapter 11 Bankruptcy in Oklahoma FAIRFAX INVESTORS: Voluntary Chapter 11 Case Summary FIRST BRANDS: Seeks Creation of Retiree Panel in Bankruptcy FLASKBACK PIZZA: Seeks Chapter 7 Bankruptcy in Arkansas FLOWER APARTMENTS: Unsecureds to Split $96K over 60 Months FOUR FINGERS: Commences Chapter 11 Bankruptcy in Arizona FRAZER SCHOOL: Case Summary & 20 Largest Unsecured Creditors FTX TRADING: Exec's Wife Ordered to Face Campaign Finance Charges FTX TRADING: Genesis Digital Escapes $1B Chapter 11 Clawback Claim GENPREX INC: Receives Nasdaq Delisting Notice GLASS MANAGEMENT: Court Extends Cash Collateral Access to July 1 GOLDENPEAKS POLAND: Court OKs Interim DIP Loan From Brookfield GUNTER LAND: Court OKs Alstyne Property to National Development HALLMARK FINANCIAL: Seeks Chapter 11 w/ Prepacked Plan, $134MM Debt HARVEST SHERWOOD: Secures Court OK for $150MM Replacement DIP HASSAN AND SONS: Voluntary Chapter 11 Case Summary HAYDEE'S CAFE: Gets Interim OK to Use Cash Collateral HIGHPOWER INTERNATIONAL: Investor Seeks Receiver for Defunct Firm HUNTSMAN CORP: S&P Places 'BB' ICR on CreditWatch Developing HYDROTECH INC: Involuntary Chapter 11 Case Summary INNOVATIVE INDUSTRIAL: All Five Proposals Passed at Annual Meeting JAMP STOKESBURY: UCC Public Sale Scheduled for June 19 JOHN FITZGIBBON: Gets Interim OK to Use Cash Collateral JTBOL ENTERPRISES: Seeks Subchapter V Bankruptcy in Texas KARTOON STUDIOS: Settling Parties to Pay $28.48 Million KESOS LLC: Initiates Chapter 7 Bankruptcy in California KOHL'S CORP: S&P Alters Outlook to Stable, Affirms 'B+' ICR KUBERA HOTEL: To Sell Hotel to Junjian Lushan Lu for $14MM LAGNIAPPE INVESTMENT: Unsecureds to Get $500 per Month in 60 Months LIMESTONE UNIVERSITY: Puts Former Campus Up for Sale LIQTECH INTERNATIONAL: Expects $18MM Net Proceeds From Stock Sale MARAGAL MEDICAL: Gets Final OK to Use Cash Collateral MARK J. PAMER D.O.: Case Summary & 16 Unsecured Creditors MARY WADE HEALTHCARE: Fitch Lowers IDR to 'CCC+' MCITBE LLC: Case Summary & Three Unsecured Creditors MERCY HOSPITAL: 8th Circuit Rejects Release Appeal MIS INTERMEDIATE: S&P Affirms 'B' ICR, Outlook Stable NEW MEXICO TERMINAL: Fine-Tunes Plan Documents NEW SHILOH: Court Extends Cash Collateral Access to July 8 NEW YORK BEACH: Plan Exclusivity Period Extended to July 27 NEXT LEVEL: Voluntary Chapter 11 Case Summary NIED OWNERSHIP: Claims to be Paid from Refinancing Proceeds OLIVE TREE RESTAURANT: Seeks Chapter 7 Bankruptcy in New Jersey ONYX SWNG: Voluntary Chapter 11 Case Summary ORFEDOR INC: Unsecured Creditors to be Paid in Full in Plan OUISI INC: Gets Final OK to Use Cash Collateral P3 HEALTH: All Four Key Proposals Pass at Annual Meeting PATHFINDER POWER: S&P Assigns 'BB-' ICR, Outlook Stable PHILLIPS TOTAL: Amends Unsecured Claims Pay Details PLEASE & THANK YOU: Court OKs $75K Interim DIP Loan From RRHHA PRIME MEDICINE: Stockholders Elect Directors, Ratify Auditor PROFESSIONAL DIVERSITY: Receives Nasdaq Bid Price Deficiency Notice PROSPECT MEDICAL: Malpractice Claimants Fight Insurance Agreement PUERTO RICO: 1st Circuit Denies Bankruptcy Shield for Officials PURE SCIENCE: Wins Interim Cash Collateral Access PWB LAND: Taps Broker Real Estate Firm as Real Estate Broker QUICK PRINTS: Gets Final OK to Use Cash Collateral RAD DIVERSIFIED: Court OKs Delaware Property Sale at Auction RAD DIVERSIFIED: Court OKs Philadelphia Properties Sale at Auction REBORN COFFEE: Co-CEO Jay Kim Resigns; Lim Assumes Full CEO Role REGAL INVESTMENT: Claims to be Paid from Property Sale Proceeds RELIZ TECHNOLOGY: Judge Approves $3.25MM Asset Sale in Chapter 11 RELLIS CAMPUS: Sale Hearing Scheduled for June 24 ROCKY MOUNTAIN: American Heritage Railways Holds 8.68% Stake SABLE OFFSHORE: G. Pipkin Elected to Board; Auditor Reappointed SAMBUCA HOUSTON: Commences Chapter 7 Bankruptcy in Texas SANDRIDGE EQUITY: Involuntary Chapter 11 Case Summary SEATON INVESTMENTS: Seeks to Sell Los Angeles Property at Auction SHORT PAR 4: Gets Interim OK to Use Cash Collateral SIMAD HOLDINGS: Gets Court OK to Tap $15.6MM Cash for Summer Camps SIMPLY INTERIOR: Retains Goodwin Procter as Restructuring Counsel SIMPLY INTERIOR: Retains Reflect Advisors as CRO and Advisor SIMPLY INTERIOR: Seeks Approval to Hire Rock Creek as Sales Agent SIMPLY INTERIOR: Seeks to Hire Potter Anderson as Co-Counsel SIMPLY INTERIOR: Taps Epiq Corporate as Administrative Advisor SIMRY REALTY: Seeks Ch.11 Bankruptcy in the Midst of Family Dispute SIMRY REALTY: Voluntary Chapter 11 Case Summary SINTX TECHNOLOGIES: Laurence Lytton Holds 9.99% Equity Stake SINTX TECHNOLOGIES: Stonepine Capital Holds 9.9% Equity Stake SIREN SISTERS: Case Summary & Four Unsecured Creditors SLEEP NUMBER: Board Expands to Seven with Colin Adams' Election SLEEP NUMBER: Case Summary & 30 Largest Unsecured Creditors SOCIETY PASS: Court Establishes Common Stock Ownership Procedures SOCIETY PASS: Retains and Compensates Ordinary Course Professionals SOUND INPATIENT: S&P Rates New Secured First-Lien Term Loan 'B-' SOUND INPATIENT: S&P Rates New Secured First-Lien Term Loan 'B-' SPARHAWK LLC: Amends Trucks Sale to Manders Diesel Repair SYSTEMATIC AUDIO: Case Summary & 20 Largest Unsecured Creditors TM36 LLC: Plan Exclusivity Period Extended to Sept. 1 TPI COMPOSITES: Plan Confirmation Hearing Scheduled for July 1 TRADE FLOW: Seeks Chapter 7 Bankruptcy in New Jersey TRUTANKLESS INC: Posts $1.88MM Loss in Q1; Going Concern Persists TURNING POINTS: Plan Confirmation Hearing Scheduled for July 15 TWENTY THREE: Seeks Court Approval to Hire Tran Singh as Counsel ULTINON MOTION: Secures Court OK to Solicit Chapter 11 Plan Votes US MAGNESIUM: Court Okays Creditors' Chapter 11 Plan VERACRUZ INVESTMENT: Gets Interim OK to Use Cash Collateral VERITONE INC: Cuts 25% of Workforce in 30% Cost Reduction Plan VERRICA PHARMACEUTICALS: All Key Proposals Passed at Annual Meeting VI ZEPHYRHILLS: Commences Chapter 11 Bankruptcy in Florida VIRGINIA PARK: Seeks to Sell Detroit Property at Auction VIRIDIS CHEMICAL: Wins Approval to Solicit Creditor Votes VIVAKOR INC: Registers 500,000 Shares Under 2025 Equity Plan VOLATO GROUP: Lines Up $2.21 Million Common Stock Sale VOLITIONRX LTD: Raises $4.1MM From Shares and Warrant Offering WAVY MEDIA: UCC Public Sale Scheduled for June 19 WHITEEAGLE PROPERTIES: To Sell Lindsborg Property to Losiks WINDSOR HOSPITALITY: Gets Interim OK to Use Cash Collateral WORKSPORT LTD: CEO Takes 79,618 Shares in Lieu of Cash Pay WORLD'S BEST: Case Summary & Seven Unsecured Creditors XCF GLOBAL: Prices $600,000 Private Placement YNLC CAFE: Gets Interim OK to Use Cash Collateral Until July 10 [] Sullivan & Sullivan to Auction Dover, MA Lot on June 25 [^] BOOK REVIEW: A History of the New York Stock Market ********* 2180 HOLDINGS COMPANY: UCC Public Sale Scheduled for June 19 ------------------------------------------------------------ AuctionWorks, a division of AW Properties Global, LLC, on behalf of the Secured Party, will offer for sale at a public auction under Article 9 of the Uniform Commercial Code certain equity interests in 2180 Holdings Company Inc, an Oklahoma corporation, M.L. Jones, LLC, an Oklahoma limited liability company, and ML Jones Prefabrication, LLC, an Oklahoma limited liability company. The sale will be conducted virtually via Zoom. Instructions on how to register to become a qualified bidder and attend the auction are outlined in the Auction Terms & Conditions available at https://auctions.awproperties.com/product/ucc-sale-of-equity-interests-in-2180-holdings-company-inc-m-l-jones-llc-and-ml-jones-prefabrication-llc/ or by contacting Diana Peterson, AuctionWorks, at dianap@awproperties.com. Qualification Deadline: June 16, 2026, at 12:00 noon Eastern Time Auction Date: June 19, 2026, at 11:30 a.m. Eastern Time 22ND CENTURY: Receives $462K Cash Proceeds From Warrant Inducement ------------------------------------------------------------------ 22nd Century Group, Inc. announced in a regulatory filing that the Company commenced a warrant inducement offering with the holders of certain outstanding warrants to purchase up to an aggregate of 5,345,591 shares of common stock, which Existing Warrants are exercisable at an exercise price of $3.57. The Company offered the holders of the Existing Warrants an inducement period whereby the Company agreed to issue new warrants to purchase up to a number of shares of common stock equal to 100% of the number of shares of common stock issued pursuant to the exercise by the holders of the Existing Warrants, for cash, at a reduced exercise price equal to $0.4626. Each holder agreed to exercise all of their Existing Warrants immediately. The Inducement Warrants will be issued on substantially the same terms as the Existing Warrants, except that the Inducement Warrants will be exercisable at any time on or after the Company's stockholders approve the issuance of the Inducement Warrants and the shares of common stock upon the exercise thereof, have an expiration date of five years from the Stockholder Approval Date and have an exercise price equal to $3.57. The exercise price of the Inducement Warrants will be subject to appropriate adjustment in the event of recapitalization events, stock dividends, stock splits, stock combinations, reclassifications, reorganizations or similar events affecting the Company's common stock. In addition, the Inducement Warrants will contain anti-dilution protection provisions relating to a subsequent reverse stock splits and subsequent equity sales of shares of the Company's common stock or common stock equivalents at an effective price per share lower than the then effective exercise price of such Inducement Warrants and will also adjust in the event of a reverse stock split. The Company also agreed to hold a meeting of stockholders to approve the issuance of the shares of common stock underlying the Inducement Warrants pursuant to applicable Nasdaq rules. The Inducement Warrants will be issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended. The Company has agreed to, as soon as reasonably practicable, but in any event no later than June 30, 2026, file a registration statement covering the resale of the shares of the Company's common stock issued or issuable upon the exercise of the Inducement Warrants. The Company shall use commercially reasonable efforts to cause such registration statement to become effective within 45 days (the date such registration statement is declared effective, the "Effectiveness Date"). The shares of common stock issuable under the Existing Warrants were previously registered on Form S-3. Subject to limited exceptions, a holder of Inducement Warrants will not have the right to exercise any portion of its Inducement Warrants if the holder (together with such holder's affiliates, and any persons acting as a group together with such holder or any of such holder's affiliates) would beneficially own a number of shares of common stock in excess of 4.99% (or, upon election by a holder prior to the issuance of any Inducement Warrants, 9.99%) of the shares of common stock then outstanding. At the holder's option, upon notice to the Company, the holder may increase or decrease this beneficial ownership limitation not to exceed 9.99% of the shares of common stock then outstanding, with any such increase becoming effective upon 61 days' prior notice to the Company. The Company agreed that, subject to certain exceptions, until 30 days after the later of the date that all of the shares issuable upon exercise of the Inducement Warrants, and the date of Stockholder Approval Date, neither the Company nor any of its subsidiaries will issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of common stock or common stock equivalents. Each holder participating in the Warrant Inducement shall have the option to elect, in the holder's sole discretion, to direct that all or a portion of the aggregate proceeds received by the Company from such holder's exercise of the Existing Warrants hereunder be applied by the Company to redeem shares of the Company's Series B Convertible Preferred Stock held by such holder, at a redemption price equal to the par value of such shares of Series B Preferred Stock. The Company received aggregate gross cash proceeds of approximately $462,800 and redemption of $2,010,000, or 2,010 shares of Series B Preferred Stock from the exercise of the Existing Warrants. The Company has 8,050 shares of Series B Preferred Stock remaining. Dawson James Securities, Inc. acted as the Company's exclusive placement agent in connection with the Warrant Inducement and the Company has agreed to pay the Placement Agent a cash fee equal to 6% of the aggregate gross proceeds raised in the Warrant Inducement, an additional 6% cash fee of any cash exercise of the Inducement Warrants. Full text copies of the Inducement Warrants and the inducement letter are available at https://tinyurl.com/mfc22rm9 and https://tinyurl.com/mry9vs9w, respectively. 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. 286 GRAND: To Sell Falmouth Condominium to Highest Bid ------------------------------------------------------ 286 Grand Avenue LLC seeks permission from the U.S. Bankruptcy Court for the District of Massachusetts, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is known as Condominium Unit Number 4 of the Casino Wharf Condominium, 286 Grand Avenue, Falmouth, Massachusetts 02540. The Unit is to be conveyed together with the undivided percentage interest in the common areas and property of the Condominium and organization of unit owners as set forth in the Master Deed and amendments. The rights and easements benefitting an burdening the Unit under the Condominium documents; the exclusive right to use the storage space assigned to the Unit; and the exclusive right to use, and if applicable own, any parking space or parking spaces assigned to the Unit. The Debtor received an offer from Samuel Cummings of 1141 Main Street, Reading, Massachusetts 01867, to purchase the Property for $950,000. The proposed buyer has paid a deposit in the sum of $25,000. The Property will be sold free and clear of all liens, claims and encumbrances. Any perfected, enforceable valid liens shall attach to the proceeds of the sale according to priorities established under applicable law. Through the Notice, higher offers for the Property are hereby solicited. Any higher offer must be accompanied by a cash deposit of $25,000 in the form of a certified or bank check made payable to the undersigned. Higher offers must be on the same terms and conditions provided in the Purchase and Sale Agreement, other than the purchase price. The deposit will be forfeited to the estate if the successful purchaser fails to complete the sale by the date ordered by the Court. About 286 Grand Avenue LLC 286 Grand Avenue LLC is a real estate holding company with properties in Boston and Falmouth, Massachusetts. 286 Grand Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-11722) on Aug. 20, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Peter N. Tamposi, at THE TAMPOSI LAW GROUP, P.C. 335 RUSHMORE: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: 335 Rushmore Inc. 335 Rushmore Avenue Mamaroneck, NY 10543 Business Description: 335 Rushmore Inc. is primarily engaged in renting and leasing real estate properties. Chapter 11 Petition Date: June 11, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-22584 Debtor's Counsel: Dawn Kirby, Esq. KIRBY AISNER & CURLEY LLP 700 Post Road Suite 237 Scarsdale, NY 10583 Tel: (914) 401-9500 Email: dkirby@kacllp.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Michael Galvin as president. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QKDQYXI/335_Rushmore_Inc__nysbke-26-22584__0001.0.pdf?mcid=tGE4TAMA 522 FIFTH VENTURE: Case Summary & 12 Unsecured Creditors -------------------------------------------------------- Debtor: 522 Fifth Venture, LLC 1001 Gayley Street, Suite 105 Los Angeles, CA 90024 Business Description: 522 Fifth Venture, LLC is a single-asset real estate joint venture developing a planned residential project in Nashville, Tennessee's SoBro district. Chapter 11 Petition Date: June 4, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-02683 Judge: Hon. Nancy B King Debtor's Counsel: Michael G. Abelow, Esq. SHERRARD ROE VOIGT & HARBISON, PLC 1600 West End Avenue, Suite 1750 Nashville, TN 37203 Tel: (615) 742-4532 E-mail: mabelow@srvhlaw.com Total Assets: $29,700,075 Total Liabilities: $18,873,307 The petition was signed by Evan Michael Lengsfield Kasper as member of Elk Fund VI, LLC (the Debtor's co-manager). A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XKJZO2I/522_Fifth_Venture_LLC__tnmbke-26-02683__0001.0.pdf?mcid=tGE4TAMA List of Debtors' 12 Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Davidson County Trustee $0 700 2nd Avenue South, Suite #220 Nashville, TN 37210 2. Elk Fund VI, LLC $0 Cogency Global, Inc. 850 New Burton Road, Suite 201 Dover, DE 19904 3. ESa (Earl Swensson Architecture) $291,831 1033 Demonbreun Street Suite 800 Nashville, TN 37203 4. Evans Petree PC Tax Firm $0 6060 Poplar Avenue Memphis, TN 38119 5. Grossberg Yochelson Fox & Beyda $4,550 1200 New Hampshire St NW #555 Washington, DC 20036 6. Internal Revenue Service $0 PO Box 7346 Philadelphia, PA 19101-7346 7. Metro Water $0 1700 3rd Avenue North Nashville, TN 37208 8. Miles HF Investments LLC $0 718 W. Business Highway 60 Dexter, MO 63841 9. PCD Sobro, LLC $0 139 South Street Suite 102 New Providence, NJ 07974 10. Premier Parking of $0 Tennessee, LLC Attn: General Counsel 144 2nd Avenue North, Suite 300 Nashville, TN 37201 11. Tennessee Department of Revenue $0 500 Deaderick Street Andrew Jackson State Office Building Nashville, TN 37242 12. The Concord Group $14,000 180 Montgomery Street, Suite 2350 San Francisco, CA 94108 737 MAIN: Commences Chapter 11 Bankruptcy in New York ----------------------------------------------------- On June 12, 2026, 737 Main filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors filed by the Office of the United States Trustee under 341(a) meeting to be held on July 13, 2026 at 03:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6980165. About 737 Main 737 Main is a privately held business entity organized as a limited liability company. The filing provides limited disclosure regarding its operations and financial condition. 737 Main sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42899) on June 12, 2026. In its petition, the Debtor reports estimated assets and liabilities both in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. A FAMILY AFFAIR: Unsecureds to Get Share of Income for 36 Months ---------------------------------------------------------------- A Family Affair Productions, LLC filed with the U.S. Bankruptcy Court for the District of Maryland a Plan of Reorganization under Subchapter V dated June 8, 2026. The Debtor is a Maryland Limited Liability Company which bakes biscuits and sells clean label biscuits and biscuit related products through supermarkets/grocery stores, direct to consumer, and food service. The Debtor was registered under the laws of the State of Maryland on August 25, 2019. Shortly thereafter, the Debtor grew fairly quickly procuring placement deals in grocery stores and stores such as Wal Mart. This quick growth required the Debtor to secure financing to meet the growing demand for their product and to fulfill orders received. A few years later, however, the market changed and shelf placement became more expensive and more difficult to get. Further, large markets were focusing more on the lowest price point and less concerned with carrying a clean label product. Accordingly, the Debtor's sales declined and could not generate the income required to repay the monthly amounts owed pursuant to lenders, venders, and suppliers. Unable to continue its business under these circumstances, the Debtor filed for relief under Chapter 11 of the Bankruptcy Code. The Plan provides for payment of administrative expenses, priority claims, and secured creditors in full or in part, either in cash or in deferred cash payments, unless otherwise agreed to or set forth in this Plan, and provides for payments to unsecured creditors in an amount equal to or greater than they would receive in the event of a Chapter 7 liquidation. Funds for implementation of the Plan will be derived from the Debtor’s income from the operations of its business. The term of this Plan begins on the date of confirmation and will end on the 36th month subsequent to the Effective date. Class D consists of all allowed general unsecured claims against the Debtor, including any unsecured portion of Class B. In accordance with the provisions of Section 1191(d) of the Bankruptcy Code, this class shall be paid, pro rata, all of the Debtor's Disposable Income for the duration of the 36-month Plan. The allowed unsecured claims total $980,035.89. Class disbursements shall be made within 30 days of the filing of the post-confirmation biannual report. All disbursements made to Class D shall be paid pro rata equal to the Net Income set forth in Exhibit B. This class is impaired. Funds for implementation of the Plan will be derived from the Debtor's business income and cash on hand or, for certain secured claims, proceeds from sales of secured property. The Debtor can afford to make the payments herein because its existing cash on hand and receivables equals the amount to be distributed and shows the ability to make the payments required herein. A full-text copy of the Subchapter V Plan dated June 8, 2026 is available at https://urlcurt.com/u?l=YOvl4U from PacerMonitor.com at no charge. Counsel to the Debtor: David E. Cahn, Esq. Law Office of David Cahn, LLC 129 - 10W. Patrick Street Frederick, MD 21701 Tel: (301) 799-8072 Fax: (877) 862-5426 Email: cahnd@cahnlawoffice.com About A Family Affair Productions A Family Affair Productions, LLC, is a Maryland Limited Liability Company which bakes biscuits and sells clean label biscuits and biscuit related products through supermarkets/grocery stores, direct to consumer, and food service. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 26-12453) on March 9, 2026, listing $50,001 to $100,000 in assets and $500,001 to $1 million in liabilities. David Erwin Cahn, Esq. at Law Office of David Cahn, LLC serves as the Debtor's counsel. ACCENDRA HEALTH: S&P Alters Outlook to Stable, Affirms 'B' ICR -------------------------------------------------------------- S&P Global Ratings affirmed its 'B' issuer credit rating on Accendra Health Inc. and revised the outlook to stable from negative. S&P said, "We also assigned a 'B+' rating and '2' recovery rating to the company's $539 million of new 9.75% senior secured first-lien notes due 2032. The '2' recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 80%) recovery in the event of a payment default. "At the same time, we assigned our 'CCC+' issue-level rating and '6' recovery rating to the company's $702 million of new 9.75% senior secured second-lien notes due in 2033. The '6' recovery rating indicates our expectation for negligible (0%-10%; rounded estimate: 0%) recovery. "The stable outlook reflects our expectation that although the loss of a large commercial payor contract and elevated acquisition and separation-related costs will contribute to lower earnings this year, credit metrics will be supportive of the rating over the next two years, with S&P Global Ratings-adjusted leverage declining to the 5x area and FOCF to debt above 3%. Accendra exchanged about $1 billion in face value of its 4.5% senior unsecured notes due in 2029 and 6.625% senior unsecured notes due in 2030 for new 9% senior secured first-lien notes due in 2032 and 9.75% senior secured second-lien notes due in 2033. S&P anticipates final settlement of the exchange in the coming days, although the offer received 99% take-up as of the early exchange settlement on June 15. The company also refinanced its $326 million term loan A due in 2027 with new money 9% senior secured first-lien notes due in 2032, downsized its revolving credit facility (not rated) by $150 million to $300 million, and extended the maturity on the facility from 2027 to 2030. The outlook revision follows Accendra's refinancing and debt exchange, which extends most of its maturities beyond 2030 and modestly reduces debt. S&P believes this provides the company with runway to execute its strategy after the sale of its underperforming distribution business and the loss of a large commercial payor contract. S&P said, "Pro forma for the transaction, we expect S&P Global Ratings-adjusted leverage in the low-7x area in in 2026, declining to about 5x in 2027 due to improving revenue trends and lower acquisition- and separation-related costs. We believe its cash flow will improve compared with recent years without the cash flow drain associated with the distribution business (partly offset by higher interest expense with the new capital structure). However, elevated separation costs will constrain cash flow generation in 2026. We expect cash flow will improve in 2027, with free operating cash flow (FOCF) to debt of above 3%, and further improvement thereafter." Accendra benefits from strong secular tailwinds. The company is one of the larger independent home medical equipment providers in the U.S., with a national footprint and over 250 locations. It has established relationships with payors (as a preferred provider in most cases), which are predominantly commercial. The home medical equipment market has good industry tailwinds, driven by an aging population and increasing demand for chronic care, lower cost of home-based care, and technology advancements. S&P said, "While we expect Accendra's sales to decline about 6% in 2026 due to the loss of a large commercial payor contract, we expect the company's revenue will increase about 4% in 2027 and 2028, reflecting solid growth in sleep therapy, wound, ostomy, and urology categories." Reimbursement risk is significant and could pressure margins. Accendra has some exposure to government payors, with about 19% of its revenue coming from Medicare and Medicare and managed care plans. The Medicare Durable Medical Equipment, Prosthetics, Orthotics, & Supplies competitive bidding program, which has historically pressured reimbursement rates, is expected to pressure pricing again in 2028. Accendra's direct exposure to competitive bidding is low at 6%-7% of its total revenue, but S&P believes the program could lead to commercial payor reimbursement rate compression, potentially pressuring margins over time. That said, successful bidders could offset some of the impact through increased volumes as smaller players potentially exit the market. Accendra's diabetes product line also faces pricing pressure from payors shifting patients to the pharmacy channel from the durable medical equipment channel. S&P said, "We anticipate an EBITDA margin of 10%-11% in 2026 (compared with 11.2% in 2025), increasing to 14%-15% in 2027 on revenue growth and lower acquisition- and separation-related costs. "We believe Accendra will prioritize debt repayment in the near term. As cash flow improves, we expect the company will use it to repay debt. Management has expressed a long-term net leverage target of below 3x, compared with 4.9x as of Dec. 31, 2025. While the company has shown a willingness to temporarily increase leverage for acquisitions, we believe there is limited capacity for acquisitions at its current leverage level. We think the primary use of capital will be repaying debt and/or reinvesting in the business. We also expect Accendra will continue to deprioritize shareholder returns in the near term to accelerate leverage reduction. "The stable outlook reflects our expectation that although the loss of a large commercial payor contract and elevated acquisition and separation-related costs will contribute to lower earnings in 2026, credit metrics will be supportive of the rating over the next two years, with S&P Global Ratings-adjusted leverage declining to the 5x area and FOCF to debt above 3%." S&P could lower its rating on Accendra if: -- Its operating performance weakens due to adverse reimbursement changes or operating challenges (including contract losses, supply chain disruptions or product shortages), resulting in S&P Global Ratings-adjusted FOCF to debt remaining below 3% for an extended period with limited prospects for improvement or its S&P Global Ratings-adjusted leverage increasing above 7x on a sustained basis; or -- The company adopts a more aggressive financial policy than we currently expect, such as increases in shareholder rewards or more aggressive acquisition activity. Although unlikely in the near term, S&P could raise its rating on Accendra if the company maintains solid revenue growth, and both profitability and cash flow generation improve such that S&P Global Ratings-adjusted leverage remains below 5x on a sustained basis. ADAGIO MEDICAL: Receives Nasdaq Min. Bid Price Noncompliance Notice ------------------------------------------------------------------- Adagio Medical Holdings Inc. received a Nasdaq notice that its common stock was not in compliance with the exchange's $1 minimum bid price requirement, according to an SEC filing. The company said the notice does not immediately affect the listing of its common stock on the Nasdaq Capital Market. Adagio has 180 calendar days, or until Dec. 9, 2026, to regain compliance. Adagio said Nasdaq would confirm compliance if the bid price closes at or above $1 a share for at least 10 consecutive trading days before the deadline. The company said it is considering available options, including a reverse stock split if necessary. About Adagio Medical Adagio Medical Holdings, Inc., based in Laguna Hills, California, is a medical technology company developing and commercializing ablation technologies for the treatment of cardiac arrhythmias. WithumSmith+Brown, PC, which has served as Adagio Medical's auditor since 2023, included a going-concern paragraph in its March 26, 2026, audit report, citing recurring losses from operations and a net capital deficiency. As of March 31, 2026, Adagio Medical Holdings, Inc. reported total assets of $39.31 million, total liabilities of $33.58 million and stockholders' equity of $5.73 million. ADVANCED JOINTS: Case Summary & Seven Unsecured Creditors --------------------------------------------------------- Debtor: Advanced Joints Chiropractic LLC Medcare Health Clinic 1500 FM 1187 Crowley, TX 76036-4631 Business Description: Advanced Joints Chiropractic, LLC is a chiropractic and neuropathy care clinic in Crowley, Texas. The clinic provides non-invasive neuropathy care, chiropractic adjustments, pain management therapies, laser therapy, spinal decompression, joints rejuvenation therapy, and non-invasive electro nerve blocks. Its care is listed for conditions including diabetic neuropathy, chemotherapy-related peripheral neuropathy, idiopathic neuropathy, chronic nerve pain, tingling, numbness, and musculoskeletal pain conditions. Chapter 11 Petition Date: June 11, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-42590 Judge: Hon. Mark X Mullin Debtor's Counsel: Craig D. Davis, Esq. DAVIS, ERMIS & ROBERTS, P.C. 2000 E. Lamar Blvd. Ste 780 Arlington, TX 76006-7341 Tel: (817) 265-8832 E-mail: davisdavisandroberts@yahoo.com Total Assets: $22,816 Total Liabilities: $3,646,006 The petition was signed by Can Ho as president and sole member. A copy of the Debtor's list of its seven unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LTRLBBA/Advanced_Joints_Chiropractic_LLC__txnbke-26-42590__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LXO2SMA/Advanced_Joints_Chiropractic_LLC__txnbke-26-42590__0001.0.pdf?mcid=tGE4TAMA AI ERA CORP: Dzmitry Kastahorau Resigns as Chief Financial Officer ------------------------------------------------------------------ AI Era Corp. announced in a regulatory filing that Dzmitry Kastahorau resigned as Chief Financial Officer of the Company, effective immediately on June 3, 2026. The Company has accepted Mr. Kastahorau's resignation. Mr. Kastahorau's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. About AI Era Corp. AI Era Corp. (formerly AB International Group Corp.) is an intellectual property investment, acquisition, and licensing company focused primarily on the entertainment media sector. The Company acquires copyrights and broadcast rights for movies, television series, and short-form drama series, which it monetizes through licensing (broadcast and download), embedded marketing services, AI-enhanced consulting, and direct copyright sales. In addition, the Company operates the Mt. Kisco Theatre in Mount Kisco, New York, generating revenue from ticket admissions, concessions, and on-screen advertising. As of February 28, 2026, the Company had $9 million in total assets, $2.8 million in total liabilities, and $6.2 million in total stockholders' equity. As of February 28, 2026, the Company had limited cash, an accumulated deficit of approximately $7.8 million and a working capital deficit of approximately $1.6 million. The continuation of the Company as a going concern is dependent upon the continued financial support from its stockholders or external financing and achieving operating profits. These factors, among others, raise the substantial doubt regarding the Company's ability to continue as a going concern. ALPHA SURFACES: Case Summary & Five Unsecured Creditors ------------------------------------------------------- Debtor: Alpha Surfaces, LLC c/o Jessica Smith, owner/CEO 141 Topside Drive Saint Johns, FL 32259 Business Description: Alpha Surfaces, LLC, doing business as Aloha Flooring, is a Daytona Beach, Florida-based specialty contractor that provides flooring and surface products and services, including carpet, tile, vinyl, laminate and wood flooring, as well as related installation, coating, countertop and finish services for residential, commercial, healthcare and institutional customers. Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Western District of Oklahoma Case No.: 26-11984 Debtor's Counsel: Bryan K. Mickler, Esq. LAW OFFICES OF MICKLER & MICKLER, LLP 5452 Arlington Expy. Jacksonville, FL 32211 E-mail: bkmickler@planlaw.com Total Assets: $114,161 Total Liabilities: $1,774,647 The petition was signed by Jessica Smith as authorized member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7V2J6BQ/Alpha_Surfaces_LLC__flmbke-26-02628__0001.0.pdf?mcid=tGE4TAMA ALVAREZ INDUSTRIES: Case Summary & Seven Unsecured Creditors ------------------------------------------------------------ Debtor: Alvarez Industries, LLC 312 Boston Post Road PO Box 964 Orange, CT 06477 Chapter 11 Petition Date: June 9, 2026 Court: United States Bankruptcy Court District of Connecticut Case No.: 26-30532 Judge: Hon. Ann M. Nevins Debtor's Counsel: Russell G. Small, Esq. THE LAW OFFICE OF RUSSELL GARY SMALL, PC 2625 Park Ave., Suite 406 Bridgeport, CT 06604 Tel: (203) 396-0096 Fax: (203) 396-0050 E-mail: russell@rgsmall.com Total Assets: $0 Total Liabilities: $3,695,770 The petition was signed by Lenny Alvarez as president. 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/W4W42GI/Alvarez_Industries_LLC__ctbke-26-30532__0001.0.pdf?mcid=tGE4TAMA APOGEE BREWING: Reaches Agreement with Stellar; Amends Plan ----------------------------------------------------------- Apogee Brewing, a Texas Limited Liability Company d/b/a True Anomaly, submitted a Second Amended Combined Plan of Liquidation and Disclosure Statement dated June 5, 2026. The Debtor owns a 63,670 SF, 1.46-acre, property with two buildings, one currently used for product production and the other was under construction on the Petition Date as a future tap room, located at 4001 Navigation Boulevard, Houston, Texas 77003 (the "Property"), but that construction has ceased and the Debtor will not continue business. The Debtor filed its First Amended Plan and Disclosure Statement. on or around April 29, 2026, and now files this Second Amended Plan and Disclosure Statement after reaching an agreement with Stellar on the sale of certain assets, the disposition of proceeds, and relief from the automatic stay. Under the Plan, the Debtor has agreed to return the Property to Stellar. As part of the Plan process, the Debtor has had conversations with multiple breweries, as well an individual interested buyer regarding the acquisition of the personal property assets, brand, and goodwill of the Debtor. As a result of those discussions the Debtor plans to sell the brand and goodwill and some of the kegs (the "Brand and Kegs") of the Debtor to Scott McClung. McClung will purchase the brand, goodwill, and 300 kegs (150 ½ BBL and 150 1/6 BBL),) for $116,500.00, of which $75,000.00 will be paid to Stellar. The Ford Cargo Van shall be sold by Debtor, and any net proceed will be used to pay allowed administrative expenses. The Brewery Assets listed in Exhibit 2 identifying the funds/proceeds used to purchase the asset, such as CDC's funds, Stellar's Loan *2184, or Debtor's revenues. shall be transferred to Stellar in accordance with the Amended Order entered regarding Stellar's Motion for Relief from Automatic Stay. Class 1 consists of the Secured Claim of Stellar Bank, f/k/a Allegiant Bank. This Claim is comprised of three loans: (i) Loan *2184, dated July 10, 2018, for a loan amount of $470,000.00, secured by a purchase money security interest and a first lien on the furniture, fixture, and equipment for the value of the loan; (ii) Loan *5918, dated November 3, 2023 for a loan amount of $2,592,000.00, secured by the Property and furniture, fixture, and equipment; and (iii) Loan *5922, dated November 3, 2023 for a loan amount of $2,073,600.00, secured by the Property and a fourth lien position for the furniture, fixture, and equipment. The Claim Holder shall be satisfied by the receipt of the Property and Brewery Assets pursuant to Stellar's Motion for Relief from the Automatic Stay and the payment of $75,000.00 in cash from the sale of Brand and Kegs to McClung. Class 6 consists of Allowed General Unsecured Claims and the under-secured claims of Stellar Bank and all other lien creditors. Claimants shall not receive any distribution under the Plan, nothing. This Class is impaired. Class 7 consists of Allowed General Unsecured Claims of Insiders. The Claim Holders shall npt receive any distribution under the Plan. This Class is impaired. Class 8 consists of Equity Holders. The Claim holders' interests will be canceled once the Plan is fully performed and final federal and state tax returns are filed. On the Effective Date of the Plan, the Debtor will become the Liquidated Debtor. The management and control of the Liquidated Debtor will remain with the current Managers of the Debtor, Duckworth, Stahl, Alstrom, and Lantz until the Plan is fully performed and final decree is entered. Upon entry of a final decree, the equity interests of the Debtor's owners shall be cancelled though Managers may retain their position for the purpose of dissolving the Debtor under Texas law. On the Effective Date of the Plan, all real and personal property of the estate of the Debtor, including but not limited to all estate actions, shall vest in the Liquidated Debtor, except the Property and Brewery Assets which shall be transferred to Stellar Bank in accordance with Stellar's Motion for Relief from the Automatic Stay and the Brand and Kegs, which shall be sold to McClung. Except as expressly provided in the Plan, all assets of the Debtor shall vest free and clear of all claims, interests and liens or successor liability claims of the Debtor, which shall be owned and controlled as set forth in the Plan. The source of funding in the Plan for the payment of all claims shall be the revenue generated from the sale of Brand and Kegs, and any remaining assets and contributions from the Debtor's equity holders to pay allowed administrative claims, including U.S. Trustee's fees and professional fees. The Liquidated Debtor shall collect these funds and pay the obligations under the confirmed Plan as they become due. A full-text copy of the Second Amended Combined Plan and Disclosure Statement dated June 5, 2026 is available at https://urlcurt.com/u?l=WUReU4 from PacerMonitor.com at no charge. Attorneys for the Debtor: Stacey Barnes, Esq. Vikesh N. Patel, Esq. Kearney, McWilliams & Davis, PLLC 55 Waugh Drive, Suite 150 Houston, TX 77007 Telephone: (888) 341-0997 Facsimile: (832) 916-2751 Email: sbarnes@kmd.law About Apogee Brewing Apogee Brewing, LLC operates a craft brewery and taproom in Houston, Texas. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-34497) on August 4, 2025. In the petition signed by Michael Duckworth, manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Eduardo V. Rodriguez oversees the case. Stacey Barnes, Esq., at Kearney, McWilliams & Davis, PLLC, is the Debtor's legal counsel. ARTIFICIAL INTELLIGENCE: Narrows Net Loss to $14.5MM in FY26 ------------------------------------------------------------ Artificial Intelligence Technology Solutions Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K reporting a net loss of $14.5 million for the year ended February 28, 2026, compared to a net loss of $18.9 million for the year ended February 28, 2025. Total revenue for the year ended February 28, 2026, was $7.7 million, which represented an increase of $1.6 million or 26% compared to total revenue of $6.1 million for the year ended February 28, 2025. L J Soldinger Associates, LLC, the Company's independent registered public accounting firm since 2019, included an explanatory paragraph in its audit report dated June 8, 2026, attached to the Company's Annual Report for the fiscal year ended February 28, 2026, expressing substantial doubt about the Company's ability to continue as a going concern. According to L J Soldinger Associates, the Company had negative cash flow from operating activities of approximately $9.3 million, an accumulated deficit of approximately $171.1 million, and negative working capital of approximately $17.0 million as of and for the year ended February 28, 2026. These conditions raised substantial doubt about the Company's ability to continue as a going concern. According to the Company, it has incurred recurring net losses, has a history of negative operating cash flows, and carries an accumulated deficit that, as of recent reporting periods, has exceeded $171 million. The Company's total liabilities substantially exceed its total assets, and it maintains negative stockholders' equity. These conditions raise material uncertainty as to whether the Company will be able to meet its obligations as they come due. The Company's financial statements do not include any adjustments to reflect the possible effects on the classification or carrying value of assets and liabilities that might result from the outcome of this uncertainty. There can be no assurance that the Company will be able to generate sufficient revenue, raise adequate capital, or otherwise secure the resources necessary to continue operations beyond the near term. The Company does not have the resources at this time to repay all its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. At the same time management points to its successful history with maintaining Company operations and reminds all with reasonable confidence this will continue. Management has plans to address the Company's financial situation as follows: Management is committed to raise funds either through convertible debt or equity financing... There is no assurance that these funds will be able to be raised nor can management provide assurance that these possible raises may not have dilutive effects. In May 2026, the Company entered into an equity financing agreement whereby an investor will purchase up to $10,000,000 of the Company's common stock at a discount over a three-year period. There remains approximately $10 million left to issue under this arrangement. Management believes that it has the necessary support to continue operations by continuing its funding methods in the following ways: growing revenues, through equity proceeds, and issuing debt. A full text copy of the Company's Annual Report is available at https://tinyurl.com/5bs8snbu About Artificial Intelligence Technology Artificial Intelligence Technology Solutions Inc. develops artificial intelligence-based security, automation and operational workflow systems through its subsidiaries, including Robotic Assistance Devices Inc. The company is based in Detroit, Michigan, and serves industries including enterprise, government, transportation, critical infrastructure, education and health care. As of February 28, 2026, the Company had $9.3 million in total assets, $62 million in total liabilities, $547,941 in temporary equity, and $53.2 million in total stockholders' deficit. ASPIRA WOMENS: Completes $1.485 Million Private Placement --------------------------------------------------------- Aspira Women's Healthcare Inc. announced in a regulatory filing that it entered into securities purchase agreements with accredited and institutional investors for the issuance and sale in a private placement of: (i) 3,300,000 shares of the Company's common stock, par value $0.001 and (ii) warrants to purchase up to 4,455,000 shares of the Company's Common Stock, at a purchase price of $0.45 per share of Common Stock and accompanying warrants. The Common Warrants are exercisable immediately upon issuance at an exercise price of $0.75 per share and have a term of exercise equal to three years from the date of issuance. The closing of the Private Placement occurred on June 5, 2026. The gross proceeds to the Company from the Private Placement were approximately $1.485 million, before deducting estimated offering expenses payable by the Company. The Company intends to use the net proceeds received from the Private Placement for working capital and general corporate purposes. The Purchase Agreement contains customary representations and warranties, agreements and obligations, conditions to closing and termination provisions, as well as an anti-dilutive provision. In addition, the Company granted the Purchasers of the Shares and Common Warrants customary registration rights with respect to the shares of common stock and shares of common stock underlying the Common Warrants. Schedule of Purchasers * Andrew Stewart: 55,556 Shares; 75,000 Warrant Shares; $25,000.00 Subscription Amount. * Green Turtle Partners, LP: 111,111 Shares; 150,000 Warrant Shares; $50,000.00 Subscription Amount. * David C. Foulk: 222,222 Shares; 300,000 Warrant Shares; $100,000.00 Subscription Amount. * David Harrington: 166,666 Shares; 225,000 Warrant Shares; $75,000.00 Subscription Amount. * Eugenia M Hoy Revocable Trust: 444,444 Shares; 600,000 Warrant Shares; $200,000.00 Subscription Amount. * John P Hoy and Tamara A Hoy 2013 Revocable Trust: 111,111 Shares; 150,000 Warrant Shares; $50,000.00 Subscription Amount. * Georgiana Donahue: 55,556 Shares; 75,000 Warrant Shares; $25,000.00 Subscription Amount. * Greg Lutz: 222,222 Shares; 300,000 Warrant Shares; $100,000.00 Subscription Amount. * Jack W Schuler Trust: 222,222 Shares; 300,000 Warrant Shares; $100,000.00 Subscription Amount. * James Hoy: 166,667 Shares; 225,000 Warrant Shares; $75,000.00 Subscription Amount. * Joan Donahue: 111,111 Shares; 150,000 Warrant Shares; $50,000.00 Subscription Amount. * John Wakeman: 222,222 Shares; 300,000 Warrant Shares; $100,000.00 Subscription Amount. * Judith Schultz: 388,889 Shares; 525,000 Warrant Shares; $175,000.00 Subscription Amount. * Ken Cala: 333,333 Shares; 450,000 Warrant Shares; $150,000.00 Subscription Amount. * Covington Partners, LP: 55,556 Shares; 75,000 Warrant Shares; $25,000.00 Subscription Amount. * Megan Barry: 22,222 Shares; 30,000 Warrant Shares; $10,000.00 Subscription Amount. * Ryan Burgess: 111,111 Shares; 150,000 Warrant Shares; $50,000.00 Subscription Amount. * Suzanne Bernard: 55,555 Shares; 75,000 Warrant Shares; $25,000.00 Subscription Amount. * Terry Hoy: 222,222 Shares; 300,000 Warrant Shares; $100,000.00 Subscription Amount. Total: 3,300,000 Shares; 4,455,000 Warrant Shares; $1,485,000.00 Subscription Amount. The full text copy of the form of Purchase Agreement and the form of the Common Warrant, are available at Exhibits https://tinyurl.com/4fkjk26m and https://tinyurl.com/ua93tc2s, respectively. About Aspira Women's Health Inc. Aspira Women's Health Inc. (OTC: AWHL) is a U.S.-based healthcare company focused on developing and commercializing diagnostic tools for gynecologic disease, with an emphasis on ovarian cancer risk assessment. The company leverages biomarker discovery, proprietary algorithms and machine-learning-driven analytics to provide blood-based tests intended to improve early detection and risk stratification for women's health conditions. Boston, Massachusetts-based BDO USA, P.C., the Company's auditor, 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 has suffered recurring losses from operations and expects to continue to incur substantial losses in the future, which raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $5.46 million in total assets, $12.39 million in total liabilities, and $6.93 million in total stockholders' deficit. AVALON GLOBOCARE: All Six Key Proposals Approved at Annual Meeting ------------------------------------------------------------------ Avalon GloboCare Corp. held its annual meeting of stockholders for the purpose of holding a stockholder vote on six proposals. A total of 4,364,690 shares of the Company's common stock, constituting a quorum, were represented in person or by valid proxies at the Annual Meeting. At the Annual Meeting, the Company's stockholders: PROPOSAL 1. Elected four members of the Company's board of directors to serve for a one-year term to expire at the 2027 annual meeting of stockholders; 1. Wenzhao "Daniel" Lu * For: 1,141,805 * Withhold: 359,185 * Broker Non-Votes: 2,863,700 2. Lourdes Felix * For: 1,411,624 * Withhold: 89,366 * Broker Non-Votes: 2,863,700 3. Steven A. Sanders * For: 1,435,430 * Withhold: 65,560 * Broker Non-Votes: 2,863,700 4. Michael Mathews * For: 1,440,611 * Withhold: 60,379 * Broker Non-Votes: 2,863,700 PROPOSAL 2. Ratified the appointment of M&K CPAS, PLLC ("M&K") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026; * For: 4,250,597 * Against: 110,736 * Abstain: 3,357 * Broker Non-Votes: 0 PROPOSAL 3. Approved the Avalon GloboCare Corp. 2026 Stock Incentive Plan; * For: 880,827 * Against: 618,585 * Abstain: 1,578 * Broker Non-Votes: 2,863,700 PROPOSAL 4. Approved, on an advisory basis, the 2025 compensation of our named executive officer; * For: 1,414,027 * Against: 32,635 * Abstain: 54,328 * Broker Non-Votes: 2,863,700 PROPOSAL 5. Approved, for the purposes of complying with Nasdaq Listing Rule 5635(d): (i) the issuance of Series A-1 warrants to purchase up to 6,372,550 shares of common stock, (ii) the issuance of Series A-2 warrants to purchase up to 6,372,550 shares of common stock, (iii) the issuance of warrants to purchase up to 318,628 shares of common stock issued to H.C. Wainwright & Co., LLC and (iv) the shares of common stock issuable upon the exercise of the Warrants and the Placement Agent Warrants all issued in connection with our private placement that closed on February 27, 2026; and * For: 925,882 * Against: 570,691 * Abstain: 4,417 * Broker Non-Votes: 2,863,700 PROPOSAL 6. Approved a proposal to give the Board the authority, at its discretion, to file a certificate of amendment to the Company's amended and restated certificate of incorporation, as amended, to effect a reverse split of the Company's issued common stock at a ratio that is not less than 1-for-2 and not greater than 1-for-25, without reducing the authorized number of shares of the Company's common stock, with the exact ratio to be selected by the Board in its discretion and to be effected, if at all, in the sole discretion of the Board at any time following stockholder approval of the amendment to the Company's Certificate of Incorporation and before June 9, 2027 without further approval or authorization of the stockholders. * For: 3,605,584 * Against: 741,154 * Abstain: 17,952 * Broker Non-Votes: 0 About Avalon Globocare Avalon Globocare Corp., based in Freehold, New Jersey, develops and markets precision diagnostic consumer products and cellular therapy intellectual property. The Company currently sells the KetoAir breathalyzer, a U.S. FDA-registered Class I medical device, and plans to expand its diagnostic applications. It also owns and manages commercial real estate at its headquarters. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2024, 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 yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations all of which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $16,245,467 in total assets, $4,521,410 in total liabilities, and $11,724,057 in total stockholders' equity. AW FARMS: Court Extends Cash Collateral Access to July 15 --------------------------------------------------------- AW Farms, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of Kentucky, Ashland Division, to use cash collateral. The court entered a second interim order authorizing the Debtor to use cash collateral from June 11 through July 15 to pay its expenses based on an approved operating budget. The Debtor was initially allowed to access cash collateral from the petition date through June 10 under the court's June 5 interim order. Under the second interim order, the Debtor is allowed to deviate from the budget by up to 10% per line item. The budget projects total operational expenses of $28,141 for the second interim period. Peoples Bank of Kentucky, Inc. holds a first-priority security interest in most of the Debtor's cash collateral. Other creditors that may have interests in the collateral include the Kentucky Agricultural Development Board, Blue Ridge Bank, N.A., SpotOn Capital, OnDeck Capital, and Critchfield Meats, Inc. These creditors will receive replacement liens on post-petition collateral as adequate protection. As additional protection, Peoples Bank will receive a monthly payment of $7,500. The order provides for a carveout for administrative expenses, including $1,500 every two weeks for attorney fees; $180 every two weeks for administrative expenses; and $750 per month for the Subchapter V trustee, which will be held in a trust account until approved by the court. The court scheduled a final hearing for July 15 and set a July 10 deadline for filing objections. Peoples Bank of Kentucky is represented by: Adam R. Kegley, Esq. FBT Gibbons LLP 325 West Main Street, Suite 301 Lexington, KY 40507 Tel: (859) 231-0000 Fax: (859) 231-0011 akegley@fbtgibbons.com About AW Farms LLC AW Farms, LLC operates a meat-processing facility and retail meat business in Greenup County, Kentucky. AW Farms sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-10034) on February 2, 2026. In the petition signed by Tyler J. Wells, chief executive officer, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Douglas L. Lutz oversees the case. J. Christian Dennery, Esq., at Dennery, PLLC, represents the Debtor as legal counsel. AXIP ENERGY: Plan Confirmation Hearing Scheduled for June 22 ------------------------------------------------------------ On February 22, 2026 (the "Petition Date"), Axip Energy Services, LP, and certain of its affiliates, as debtors and debtors in possession in the chapter 11 cases (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court"). On May 15, 2026, the Debtors filed the Debtors' Combined Disclosure Statement and Chapter 11 Plan of Liquidation (as may be modified, amended, or supplemented, the "Combined Disclosure Statement and Plan"), pursuant to sections 1125 and 1126(b) of the Bankruptcy Code. The hearing (the "Combined Hearing") will be held virtually by video conference before the Honorable Christopher M. Lopez, United States Bankruptcy Judge, on June 22, 2026, at 10:00 a.m. (Central Time), to consider the adequacy of and confirmation of the Combined Disclosure Statement and Plan, any objections thereto, and any other matter that may properly come before the Court. Information regarding access to the virtual hearing will be made available in accordance with the procedures of the United States Bankruptcy Court. The Voting Record Date was May 13, 2026, which was the date for determining which Holders of Claims and Interests in Classes 3, 4, and 5 of the Combined Disclosure Statement and Plan were entitled to vote. The deadline for filing objections to the Combined Disclosure Statement and Plan is June 18, 2026, at 5:00 p.m. (Central Time). Counsel to the Debtors and Debtors in Possession: Paul E. Heath, Esq. Matthew J. Pyeatt, Esq. Trevor G. Spears, Esq. VINSON & ELKINS LLP 845 Texas Avenue, Suite 4700 Houston, TX 77002 Tel: 713.758.2222 Fax: 713.758.2346 Email: pheath@velaw.com mpyeatt@velaw.com tspears@velaw.com - and - David S. Meyer, Esq. Jessica C. Peet, Esq. VINSON & ELKINS LLP 1114 Avenue of the Americas, 32nd Floor New York, NY 10036 Tel: 212.237.0000 Fax: 212.237.0100 Email: dmeyer@velaw.com jpeet@velaw.com Copies of the Combined Disclosure Statement and Plan may be obtained upon request of the Debtors' counsel and are on file with the Clerk of the Court, 515 Rusk Street, Houston, Texas 77002 where they are available for review during normal operating hours. The Combined Disclosure Statement and Plan is also available for inspection for a fee on the Court's website at www.txs.uscourts.gov or for review and download free of charge on the Debtors' restructuring website at https://dm.epiq11.com/AXIP. Printed copies of the Combined Disclosure Statement and Plan and the other documents filed in these chapter 11 cases may be obtained free of charge by contacting Epiq Corporate Restructuring, LLC, the Debtors' proposed claims, noticing, and solicitation agent ("Epiq" or the "Solicitation Agent") via (a) telephone at (877) 741-6428 (toll free) or +1 (503) 713-6160 (international, toll) or (b) email at AXIP@epiqglobal.com (with "Axip" in the subject line). About Axip Energy Services Axip Energy Services, LP, is a provider of natural gas contract compression services. Axip Energy Services and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90338) on Feb. 22, 2026. In the petition signed by Ben Chesters, chief restructuring officer, Axip disclosed up to $500 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Vinson & Elkins LLP, led by Paul E. Heath,is serving as the Debtors' counsel. Evercore Group , L.L.C., is the Debtors' investment banker, and Ankura Consulting Group, LLC, is the restructuring advisor. Epiq Corporate Restructuring, LLC, is the Debtors' claims, noticing, and solicitation agent. Pachulski Stang Ziehl & Jones LLP has been retained as counsel to the Official Committee of Unsecured Creditors. Berkeley Research Group, LLC, is the Committee's financial advisor. BALLY'S CORP: Fitch Alters Outlook on 'B-' IDR to Negative ---------------------------------------------------------- Fitch Ratings has affirmed the Issuer Default Rating (IDR) of Bally's Corporation at 'B-'. Fitch has assigned a 'B+' rating with a Recovery Rating of 'RR2' to the new $1.1 billion senior secured term loan. Fitch also affirmed the existing revolver tranches due 2026 and 2028 at 'B+'/'RR2' and the unsecured debt at 'CCC'/'RR6'. The Rating Outlook has been revised to Negative from Stable. The rating reflects the elevated leverage ratios of the restricted group, projected near-term free cash flow (FCF) deficits, and uncertainty around funding new developments. The rating also reflects the company's regional gaming geographic diversification, potential growth from the Chicago permanent facility, and lack of near-term refinancings. In addition, it reflects Bally's investments outside of the restricted group, including its equity interest in Bally's Intralot, S.A., Star Entertainment Group, the New York gaming license, and its Las Vegas Strip development. The Negative Outlook reflects the risks from Bally's elevated leverage, FCF deficits, and development spending. The Outlook resolution will depend mainly on the outcome of its development funding over the next 12 months. Key Rating Drivers Elevated Leverage Levels: Bally's currently has exceptionally high gross lease-adjusted leverage, driven by asset monetizations through sale-leaseback transactions and elevated development spending, particularly for its Chicago and New York projects. Fitch estimates EBITDAR leverage in the low teens as of March 31, 2026. Leverage is not sustainable at current levels; however, Fitch believes the company has financial flexibility through potential monetization of other portfolio assets, including its 59.4% equity investment in Bally's Intralot, S.A. and its 38% interest in Star Entertainment Group. Additional support could also come from project-level financing and/or capital partner support related to its New York and Las Vegas development projects. Tight Liquidity: The company faces a significant fixed-charge burden due to lease obligations and debt incurred to fund development spending. Fitch forecasts FCF deficits of more than $200 million in both 2026 and 2027, which would need to be funded through external financing and/or asset monetization. Bally's has demonstrated repeated access to capital, primarily through secured debt and private lending, and financing for the New York development may provide an additional source of liquidity. However, the amount and timing of any such funding remains uncertain. New York Casino Development Funding Uncertainty: Bally's was awarded one of three available New York City gaming licenses. The company is proposing a $4 billion casino in the Bronx that is expected to open in 2030. Fitch views the New York market as attractive, given its large population, high average income, and limited gaming supply. Bally's has contributed approximately $750 million to the project and is seeking financing for the remaining cost. The project represents a potentially meaningful long-term earnings opportunity, but it also adds substantial execution and financing risk. Permanent Chicago Casino Success Not Guaranteed: Bally's permanent Chicago casino is expected to open in early 2027. The property is located in downtown Chicago and would be the largest casino in the Chicagoland area, with 3,400 slots, 170 table games, and 500 hotel rooms. The project benefits from its central location, favorable population demographics, lack of other downtown casinos, and Chicago's strong tourism base. However, risks include the high gaming tax rate, annual lease payments of approximately $100 million, and the mixed historical performance of casinos in downtown urban markets. Strong Diversification: Bally's currently operates 19 regional casinos across 11 states, providing geographic diversification. Although its properties are generally not market leaders, ongoing growth capex should help support competitiveness. Its regional casino base is weighted toward older, slot-oriented customers, which Fitch believes helps moderate volatility during economic downturns. Potential Growth in Domestic Interactive: Bally's operates digital gaming and online sports betting platforms and is licensed in 14 jurisdictions, with focused operations in New Jersey, Pennsylvania, and Rhode Island. Revenue is growing at a double-digit rate, although the business has yet to generate positive EBITDA. Fitch expects the segment to reach EBITDA breakeven in 2026 and continue growing over the forecast period as online gaming adoption expands. Peer Analysis The 'B-' rating reflects Bally's high EBITDAR leverage partially offset by its diversified U.S. regional gaming footprint and digital presence. Bally's aggressive development program offers further growth opportunities but also poses execution and financing risks. Mohegan Tribal Gaming Authority (B/Rating Watch Positive) operates a tribal casino in Connecticut, a regional casino in Pennsylvania, and has a rapidly growing digital gaming platform. Mohegan lacks the diversification and scale of Bally's portfolio but has materially lower leverage and is FCF positive. MGM Resorts International (MGM; BB-/Stable) has higher-quality properties, broader diversification with a strong presence on the Las Vegas Strip, strong liquidity, and a greater normalized FCF profile. Both companies lease most of their gaming properties, although MGM's leverage is considerably lower. Fitch’s Key Rating-Case Assumptions Assumptions for Restricted Group only - Restricted land-based revenue growth of 6% in 2026, 17% in 2027 and 24% in 2028 driven by the opening of the Chicago permanent casino and moderate same-store growth. Margins expected to decline from 26.5% to 23% area given the higher gaming tax rate in Chicago and initial operating efficiencies of the new casino; - North American Interactive to grow in mid-teens in 2026 and become EBITDA neutral due to revenue growth combined with lower marketing spend. - Corporate expenses at approximately $70 million over the forecast horizon; - Base interest rates applicable to the company's outstanding variable-rate debt obligations reflect the current SOFR forward curve; - Maintenance and non-development capex of $55 million per year, plus spending on the Chicago permanent casino of $200 million in 2026 and 2027. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the Standalone Credit Profile (SCP): Business and financial profile factors (assessment, relative importance): management ('b', Moderate), sector characteristics ('bb', Moderate), market and competitive positioning ('bb-', Moderate), diversification and asset quality ('bb', Moderate), company operational characteristics ('b+', Higher), profitability ('bb', Moderate), financial structure ('ccc-', Moderate), and financial flexibility ('ccc+', Higher). Assessments of the quantitative financial subfactors include bespoke calculations. B+ to CC considerations apply in its analysis and has no impact. The governance assessment of 'some deficiencies' has no impact. The operating environment assessment of 'aa-' has no impact. The SCP is 'b-'. Recovery Analysis The recovery analysis assumes that Bally's would be considered a going concern in bankruptcy, and the company would be reorganized rather than liquidated. Fitch has assumed a 10% administrative claim and a full draw on its revolver, which Fitch estimates to be $519 million. The recovery ratings contemplate roughly $1.62 billion of secured debt claims and approximately $1.485 billion of unsecured debt claims. Fitch uses an aggregate going-concern EBITDA (after lease expense) of $162 million based on the estimated 2026 EBITDA excluding and a projected run rate of the permanent Chicago casino. The enterprise value (EV) multiple of 6.1x, which includes land-based gaming and online gaming, and excludes unrestricted subsidiaries, equates to $1.6 billion of EV. The multiple is higher than the previous multiple of 5.75x to reflect the further completion of the Chicago project, and the reduction in EBITDA losses at the interactive segment. Fitch also adds $500 million to the going concern enterprise value to reflect the company's investment in the New York casino license. Under the waterfall, the first lien secured credit facilities and notes are rated 'B+' with a Recovery Rating of 'RR2' and the unsecured notes would be rated 'CCC'/'RR6'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Inability to raise external financing to fund Restricted Group FCF deficits and required development spending; - Delays or cost overruns on development projects that negatively impact the Restricted Group's liquidity; - Restricted Group EBITDAR leverage sustained above 7.0x; - Restricted Group EBITDAR fixed charge coverage ratio at 1.0x or below. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Restricted Group EBITDAR leverage sustained below 6.0x; - Restricted Group EBITDAR fixed charge coverage ratio above 1.5x. Liquidity and Debt Structure Bally's reported $559 million of cash and Fitch estimates restricted cash of $280 million as of March 31, 2026. There was $304 million outstanding on the revolver, which has a current commitment of $519 million. The commitment will decline in October 2026 by $124 million when the 2026 tranche expires and by another $77 million due to a pre-determined 15% reduction, providing for a projected total commitment at that time of $319 million. Bally's received a covenant waiver in May 2026 that waived the financial covenant test under the credit facility until December 2026. Bally's completed the financing of new term loans with private lenders in the amount of $1.1 billion in February 2026. The loans are due in 2031 and accrue interest at S+750 (can pay in kind up to 3.5%). Proceeds along with the $700 million in proceeds from the sale-lease back of the Twin River Lincoln casino were used to repay the existing term loan B and borrowings under the revolver. Fitch estimates that FCF deficits will exceed $200 million for each of 2026 and 2027. The next bond maturity is due in 2029 for the $750 million outstanding of senior unsecured notes. Bally's ability to meet its operating cash needs, development expenditure, and future maturities depend on its ability to obtain financing for its New York casino project as well as monetizing its other assets, including the company's equity in Bally's Intralot, its Las Vegas development, and the equity of its Australian casino operation. Issuer Profile Bally's Corporation is a U.S. regional gaming operator. It owns 19 land-based casinos in 11 states and a B2C online iGaming and online sportsbook operator in North America. Bally's also owns 59.4% of Bally's Intralot S.A., which includes global B2B gaming operations, international B2C gaming operations and one casino. MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for Bally's Corporation. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Bally's Corporation LT IDR B- Affirmed B- senior secured LT B+ New Rating RR2 senior unsecured LT CCC Affirmed RR6 CCC senior secured LT B+ Affirmed RR2 B+ BARBEQUE EXCHANGE: Unsecureds to Get 40 Cents on Dollar in Plan --------------------------------------------------------------- The Barbeque Exchange, L.L.C. filed with the U.S. Bankruptcy Court for the Western District of Virginia a Plan of Reorganization for Small Business dated June 8, 2026. The Debtor is a restaurant, catering, and hospitality business headquartered in Gordonsville, Virginia. Its operations include The Barbeque Exchange restaurant in Gordonsville, the Exchange Café and Catering Kitchen in Barboursville, and a substantial catering, wedding, and special events business serving customers throughout Central Virginia. The business was founded by Craig and Donna Hartman and has operated in various forms since approximately 2010. Through a commitment to quality food, customer service, and community engagement, the Debtor established a strong reputation throughout the region and became a well-recognized destination for both local residents and visitors. Prior to the COVID-19 pandemic, the Debtor generated annual gross receipts approaching $5,000,000 and successfully operated multiple business lines, including restaurant, café, catering, and event services. Through this Chapter 11 case, the Debtor seeks to reorganize its financial affairs, preserve employment, maintain operations, continue serving its customers and community, and maximize recoveries for creditors. The Debtor has worked closely with the Subchapter V Trustee throughout this case and intends to continue doing so in an effort to achieve a successful reorganization and, if possible, a consensual plan of reorganization. This Plan of Reorganization proposes to pay creditors of the Debtor from the Debtor's cash. Non-priority unsecured creditors holding allowed claims will receive distributions, which the proponent of this Plan has valued at approximately 40 cents on the dollar. This Plan also provides for the payment of administrative and priority claims. From the income of the Debtor, the following will be paid in accordance with Articles 3 and 4 of this Plan: * Allowed administrative claims will be paid in full; * Allowed priority claims will be paid their claim amounts with interest at the statutory rates, if any, mandated by Section 511 of the Code; * Allowed secured claims will be paid in full with interest at the Plan Rate of Interest, except as otherwise expressly provided in this Plan; * The holders of general unsecured claims in Class 6 will receive approximately 40% of their allowed claims, paid from the GUC Distribution Amount to be distributed, pro rata, to the Class as a whole, with distributions. The Debtor projects that, after payment of administrative and priority obligations, approximately $260,000, subject to allowance of claims and administrative expense adjustments, will be available for distribution to Class 6 as the GUC Distribution Amount. Class 6 consists of Non-priority unsecured creditors. The GUC Distribution Amount will be paid by the Debtor to holders of allowed Class 6 claims. Holders of allowed general unsecured claims will receive their pro rata share of the GUC Distribution Amount in quarterly distributions, or more frequently in the discretion of the Debtor. This Class is impaired. Class 7 consists of Equity Security. As allowed under the Bankruptcy Code, Equity Security of the Debtor shall thereafter hold the Equity Security of the Reorganized Debtor. The Debtor projects that it will be able to afford the payments proposed herein based on the income it will receive from its restaurant and catering operations. Counsel to the Debtor: H. David Cox, Esq. COX LAW GROUP PLLC 900 Lakeside Drive Lynchburg, VA 24501 Telephone: (434) 845-3838 Facsimile: (434) 845-3838 E-mail: david@coxlawgroup.com About The Barbeque Exchange The Barbeque Exchange, L.L.C. is a barbecue restaurant in Gordonsville, Virginia, that also offers catering. It serves hickory-smoked and slow-roasted meats like pork shoulders, spareribs, chicken, brisket, and pork belly, along with sides such as Brunswick stew, baked beans, collard greens, and freshly baked breads, plus sandwiches, salads, and desserts. The restaurant has a rustic, family-friendly atmosphere and welcomes both locals and visitors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 26-60291) on March 10, 2026. In the petition signed by Craig A. Hartman, Sr., member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Rebecca B. Connelly oversees the case. David Cox, Esq., at Cox Law Group, represents the Debtor as bankruptcy counsel. BARRE LUXURY: Seeks Chapter 11 Bankruptcy in New York ----------------------------------------------------- On June 12, 2026, Barre Luxury LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors filed by the Office of the United States Trustee under Section 341(a) to be held on July 13, 2026 at 03:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6980165. Deadline set for October 13, 2026, for filing both the Chapter 11 Plan and Disclosure Statement. About Barre Luxury LLC Barre Luxury LLC is a privately held limited liability company engaged in luxury-oriented business operations in New York. The filing provides limited public detail regarding its assets and underlying commercial activities. Barre Luxury LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42897) on June 12, 2026. In its petition, the Debtor reports estimated assets and liabilities both in the range of $100,001 to $1 million. Honorable Bankruptcy Judge Elizabeth S. Stong handles the case. BAYLIE'S SQUARE: Seeks Subchapter V Bankruptcy in Florida --------------------------------------------------------- On June 11, 2026, Baylie's Square Incorporated filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) scheduled for July 20, 2026 at 3:00 p.m. telephonically via US Trustee - Tampa/Ft. Myers. Deadline to file the Small Business Subchapter V Chapter 11 Plan is September 9, 2026. About Baylie's Square, Incorporated Baylie's Square Incorporated, a Tampa, FL-based full-service restaurant. Baylieâ€™s Square, Incorporated sought protection under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla., Tampa Division Case No. 8:26-bk-05017) on June 11, 2026. At the time of the filing, Debtor had estimated assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. BCPE HIPH: S&P Assigns 'B-' Issuer Credit Rating, Outlook Positive ------------------------------------------------------------------ S&P Global Ratings assigned its 'B-' issuer credit rating to BCPE HIPH Parent Inc. (dba Harrington Process Solutions) and its 'B-' issue-level rating and '3' recovery rating to its first-lien term loans. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 50%) recovery in the event of a default. The positive outlook reflects S&P's expectation that it could raise the rating if Harrington's financial policy and earnings performance support S&P Global Ratings-adjusted debt to EBITDA sustained below 6.5x. Harrington, a U.S.-based distributor of flow control process products, is refinancing its capital structure with a new $150 million asset-based lending (ABL) facility (unrated, undrawn at close), $710 million first-lien term loan, and $75 million delayed-draw term loan (undrawn at close). S&P said, "We forecast S&P Global Ratings-adjusted leverage in 2026 will be between 6.5x and 7.0x in 2026, supported by mid-single-digit percent organic revenue growth and our expectations of moderate acquisitions annually. "Our rating reflects small scale, a competitive market, and geographic concentration. Harrington's operations in terms of revenue is relatively small compared to other industrial distributors we rate. In addition, we view the flow control distribution market as fragmented and competitive." Its market share is about 2%, with low switching costs for customers and a lack of vendor exclusivity limiting pricing power. However, Harrington's product mix benefits from barriers to entry due to the technical expertise required for mission-critical applications and its ability to offer bundled products across 330,000 stock-keeping units, mitigating customer churn. This is supported by a diverse blue chip customer base and more than 15,000 active customers. Despite geographic concentration as a U.S.-only operator and end-market concentration in water and wastewater (37% of revenue), Harrington's revenue profile is bolstered by a stable demand base, with 76% of revenue from maintenance, repair, and operations (MRO). S&P Global Ratings-adjusted leverage will remain 6x-7x over the next 12 months. S&P said, "We expect adjusted leverage will remain elevated over the next 12 months, between 6.5x and 7.0x in 2026 and 6.0x and 6.5x in 2027. We forecast a gradual deleveraging trend driven by mid-single-digit percent organic revenue growth, EBITDA margin expansion, and incremental earnings from inorganic activity. Harrington's acquisition strategy reflects our view that financial sponsor Bain Capital will continue to pursue debt-funded bolt-on opportunistic investments to expand Harrington's operational scale and offerings." Harrington has maintained S&P Global Ratings-adjusted leverage above 6.5x the past two years, particularly after sizable acquisitions in 2023 and 2024. While organic performance and modest margin expansion provide a supportive backdrop for performance-driven leverage improvement, the ongoing focus on acquisitions could keep S&P Global Ratings-adjusted leverage elevated. S&P said, "We forecast organic revenue growth in the mid-single-digit percents in 2026 and 2027. This is underpinned by resilient demand and the ability to pass through cost increases to customers. We anticipate organic revenue expansion from a combination of steady demand growth that mirrors broader economic trends and pricing adjustments aligned with inflation expectations. Expansion in both market and wallet share bolster this growth because Harrington is well-positioned to capture additional volume through holistic application offerings and an ability to cross-sell products to customers following recent acquisitions. Furthermore, we expect Harrington to pass through freight-related cost increases, mitigating most geopolitical inflationary pressures." Stable demand is supported by a business model heavily weighted toward recurring MRO demand (about three-quarters of revenue), which provides a consistent revenue stream and allows for the efficient pass-through of supplier price increases. Harrington proactively targets attractive end markets, including water infrastructure, semiconductors, data centers, and life sciences. This provides exposure to high-growth sectors that helps offset broader cyclicality. Adjusted EBITDA margin will improve slightly over the next 12-24 months. S&P expects a gradual expansion in S&P Global Ratings-adjusted margins the next two years, driven by improved operating leverage and realization of strategic cost-saving initiatives, including renegotiated supplier contracts and rebates related to new distribution centers. S&P said, "In addition, we expect cost efficiencies to materialize as the company capitalizes on recent technology investments designed to streamline operations. Overall, we expect EBITDA margins to remain above average for industrial distributors and believe margins will modestly improve in 2026 and 2027." S&P said, "We expect positive adjusted free operating cash flow (FOCF) in 2026 and 2027. This comes from a combination of earnings growth and capital expenditure historically below 1% of revenue, which we expect to continue. We forecast S&P Global Ratings-adjusted FOCF to debt to remain within the 3.5%-6% range over the next 12-24 months, including moderate working capital cash outflow to support growth and modest maintenance and growth capex. "The positive outlook on Harrington reflects our expectation that we could raise the rating if its financial policy and earnings performance support an improvement in credit measures such that it improves and sustains S&P Global Ratings-adjusted debt to EBITDA below 6.5x." S&P could revise the outlook to stable if: -- S&P Global Ratings-adjusted debt to EBITDA does not improve over next 12 months, which could occur if end-market demand weakens or Harrington cannot integrate acquisitions; or -- FOCF is negative on a sustained basis. S&P could raise its rating if Harrington: -- Reduces and maintains S&P Global Ratings-adjusted debt to EBITDA below 6.5x and its financial policy supports such leverage; and -- Maintains S&P Global Ratings-adjusted EBITDA margin above 9% and continues positive FOCF. BETTER BATH: Gets Interim OK to Use Cash Collateral Until June 24 ----------------------------------------------------------------- Better Bath Better Body, LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Kentucky, Louisville Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through June 24 in accordance with an approved budget. Permitted expenditures include post-petition trade payables, insurance premiums, taxes, utilities, administrative expenses of the Chapter 11 case, and authorized adequate protection payments. The Debtor projects total operational expenses $23,303. Secured creditors asserting interests in the Debtor's assets include the U.S. Small Business Administration, Five Star Bank, Goldman Sachs Bank, On Deck Capital, and Kensington Holdings. As adequate protection, secured creditors will be granted replacement liens on the Debtor's post-petition property, including proceeds and products of collateral, to the same extent and priority as their pre-petition liens. These replacement liens are deemed valid, perfected, and enforceable as of the petition date without the need for additional filings, but they may not prime existing liens held by other parties. The order also provides for a carve-out for payment of court fees and up to $25,000 in allowed professional fees. The order is available at http://bankrupt.com/misc/BetterBath_ICCOrder.pdf Better Bath Better Body's corporate distress stems from merchant cash advance debt and several Royalty Investment Agreements. Two primary investors, the Guthrie Family Living Trust and Kensington Holdings, LLC, invested $600,000 and $650,000 respectively in exchange for percentage-based revenue royalties. As MCA lenders began draining the Debtor's bank accounts, the Debtor defaulted on its royalty obligations. This severe cash squeeze prevented the Debtor from ordering inventory, ruining its strongest sales quarter and dropping its critical Amazon product rankings. In May 2026, Kensington's manager, Sahil Nandwani, attempted a hostile takeover by filing unauthorized corporate amendments, entering the premises, and trying to seize corporate bank accounts, ultimately forcing the Chapter 11 filing to preserve the business. About Better Bath Better Body LLC Better Bath Better Body LLC markets bath products primarily through Amazon, operates an office in Louisville and a fulfillment warehouse in Shelbyville. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Kent. Case No. 26-31525-mbn) on June 3, 2026. In the petition signed by Jason Clegg, manager, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Mary Elisabeth Naumann oversees the case. Charity S. Bird, Esq., at Kaplan Johnson Abate & Bird LLP, represents the Debtor as legal counsel. BLUE BIOFUELS: Engages Sadler Gibb as New Independent Auditor ------------------------------------------------------------- Blue Biofuels, Inc. disclosed in a regulatory filing that Assure CPA, LLC, which served as the independent registered public accounting firm of the Company, merged into Sadler, Gibb & Associates, LLC, pursuant to an asset purchase agreement. As a result of the transaction, Assure CPA ceased operations as a public accounting firm and resigned as the Company's independent registered public accounting firm. The resignation of Assure CPA and the engagement of Sadler Gibb were approved by the Audit Committee of the Company's Board of Directors on June 8, 2026. Assure CPA's audit reports on the Company's financial statements for the fiscal years ended 2024 and 2025 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles except that each of Assure CPA's reports contained an explanatory paragraph expressing substantial doubt about the Company's ability to continue as a going concern. During the fiscal years ended 2024 and 2025 and the subsequent interim period through June 3rd, 2026, there were: (i) no disagreements (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Assure CPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures which, if not resolved to Assure CPA's satisfaction, would have caused Assure CPA to make reference to the matter in its reports, and (ii) no "reportable events" within the meaning of Item 304(a)(1)(v) of Regulation S-K. The Company has provided Assure CPA with a copy of the disclosures in the Current Report on Form 8-K and has requested that Assure CPA furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Company herein. A copy of Assure CPA's letter, dated June 8, 2026, is available at https://tinyurl.com/3rz7ftrj Engagement of New Independent Registered Public Accounting Firm. On June 8, 2026 the Audit Committee approved the engagement of Sadler, Gibb & Associates, LLC as the Company's independent registered public accounting firm for the fiscal year ending 2026. During the fiscal years ended 2024 and 2025 and the subsequent interim period through June 3rd, 2026, neither the Company nor anyone on its behalf consulted with Sadler Gibb regarding: (i) the application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and no written report or oral advice was provided to the Company that Sadler Gibb concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) and the related instructions) or a reportable event (as described in Item 304(a)(1)(v)). About Blue Biofuels Inc. Blue Biofuels, Inc., was incorporated in Nevada on March 28, 2012, as Alliance Media Group Holdings, Inc. Since December 2013, Blue Biofuels, Inc. has been a technology company focused on emerging technologies in renewable energy, biofuels, and lignin. Spokane, Washington-based Assure CPA, LLC, the Company's auditor since 2023, 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 accumulated losses since inception and has negative working capital. These factors raised substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $1.31 million in total assets, $5.25 million in total liabilities, and $3.94 million in total stockholders' deficit. BLUE GALLERIA: Claims to be Paid from Continued Operations ---------------------------------------------------------- Blue Galleria LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization dated June 8, 2026. The Debtor is a Florida limited liability company. Class 3 consists of the Allowed Unsecured Claims against the Debtor. The Allowed Class 3 Claims shall include, but not be limited to, any Allowed Claims arising from the rejection of any executory contract or unexpired lease in accordance with Article VI of the Plan. The holders of Allowed Class 3 Claims shall receive twelve equal monthly payments in Cash, calculated by dividing the Allowed Amount of each Allowed Class 3 Claim by 12, commencing on the Effective Date and each month thereafter until the Allowed Class 3 Claims are paid in full. The Class 3 Claims are Impaired. Class 4 consists of Allowed Equity Interests in the Debtor. The holders of Allowed Class 4 Interests shall retain the Allowed Equity Interests but shall not be entitled to receive anything on account of such Allowed Equity Interests until such time as the holders of the Allowed Class 2 Claims, Allowed Class 3 Claims, and Allowed Priority Tax Claims are paid in full. The Class 4 Interests are Impaired. Distributions due under the Plan shall be derived from the Reorganized Debtor's Cash available from operations and/or contributions received by the holders of Allowed Equity Interests, as may be required in order to make any Distributions in accordance with the Plan. The Reorganized Debtor shall be managed by Celia Fernandez who shall receive 100% of the membership interests to be issued in the Reorganized Debtor on the Effective Date. Ms. Fernandez shall be the amount of $1,500.00, gross, bi-weekly. A full-text copy of the Plan of Reorganization dated June 8, 2026 is available at https://urlcurt.com/u?l=VIh2h8 from PacerMonitor.com at no charge. Blue Galleria LLC is represented by: Michael D. Seese, Esq. Seese, PA 101 N.E. 3rd Avenue, Suite 1500 Ft. Lauderdale, FL 33301 Telephone: (954) 745-5897 Email: mseese@seeselaw.com About Blue Galleria LLC Blue Galleria, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-23318) on Nov. 10, 2025. In its petition, the Debtor reported between $100,001 and $1 million in assets and liabilities. Judge Scott M. Grossman oversees the case. The Debtor is represented by Michael D. Seese, Esq. BLUE GALLERIA: Unsecureds Will Get 100% of Claims in Plan --------------------------------------------------------- Blue Galleria LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Disclosure Statement describing Plan of Reorganization dated June 8, 2026. The Debtor was organized as a Florida limited liability company in 2023. The Debtor is owned by The Blue Galleria Trust. The Debtor is a party to a franchise agreement with Blue Martini Franchising, LLC. In accordance with the franchise agreement, the Debtor licenses certain intellectual property rights in connection with the operation of the business and pays royalty, marketing, and promotional fees calculated as a percentage of gross sales. The Debtor operates from leased premises located at 2432 E. Sunrise Boulevard, Fort Lauderdale, Florida 33304. The Debtor operates the "Blue Martini" at a shopping center known as The Galleria at Fort Lauderdale. Blue Martini operates a bar and live entertainment venue and provides an array of food and beverages. As of the Filing Date, the Debtor had 29 employees, who provide bartending, food and beverage service, food preparation and related services, hosting, security, and management. The Debtor acquired the existing business in late 2023. Since then, several factors have impacted operations. For the most part, foot traffic at The Galleria at Fort Lauderdale has dropped and affected the Debtor's business. Additionally, increased food costs and high insurance premiums due to incidents prior to the Debtor's acquisition of the business affected cash flow and profitability. The Debtor has negotiated a modification to the franchise agreement with Blue Martini Franchising, LLC. The modification will permit the Debtor to relocate its operations from The Galleria at Fort Lauderdale to a location to be determined in either Broward County or Dade County, Florida. The modification remains subject to the approval of the Court. Class 3 consists of the Allowed Unsecured Claims against the Debtor. The Allowed Class 3 Claims shall include, but not be limited to, any Allowed Claims arising from the rejection of any executory contract or unexpired lease in accordance with Article VI of the Plan. The holders of Allowed Class 3 Claims shall receive twelve equal monthly payments in Cash, calculated by dividing the Allowed Amount of each Allowed Class 3 Claim by 12, commencing on the Effective Date and each month thereafter until the Allowed Class 3 Claims are paid in full. The allowed unsecured claims total $16,000.00. This Class will receive a distribution of 100% of their allowed claims. Class 3 Claim is impaired. The holders of Allowed Class 4 Interests shall retain the Allowed Equity Interests but shall not be entitled to receive anything on account of such Allowed Equity Interests until such time as the holders of the Allowed Class 2 Claims, Allowed Class 3 Claims, and Allowed Priority Tax Claims are paid in full. Upon confirmation of the Plan, in accordance with the Confirmation Order, the Debtor or Reorganized Debtor, as the case may be, will be authorized to take all necessary steps, and perform all necessary acts, to consummate the terms and conditions of the Plan. In addition to the provisions set forth elsewhere in the Plan, the following shall constitute the means for implementation of the Plan. A full-text copy of the Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=iYLMQy from PacerMonitor.com at no charge. Blue Galleria LLC is represented by: Michael D. Seese, Esq. Seese, PA 101 N.E. 3rd Avenue, Suite 1500 Ft. Lauderdale, FL 33301 Telephone: (954) 745-5897 Email: mseese@seeselaw.com About Blue Galleria LLC Blue Galleria, LLC was organized as a Florida limited liability company in 2023. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-23318) on Nov. 10, 2025. In its petition, the Debtor reported between $100,001 and $1 million in assets and liabilities. Judge Scott M. Grossman oversees the case. The Debtor is represented by Michael D. Seese, Esq. BRIGHTLINE TRAIN: Receives Bond Payment Deadline Extension ---------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that Brightline Florida Holdings LLC has secured an extension on the term rate governing roughly $985 million of bond financing, following action by the Florida Development Finance Corp. The bonds were issued to help fund the company's passenger rail expansion efforts across Florida. The extension provides additional financial breathing room as Brightline continues to develop and operate its rail network linking major population centers. The company has relied on a combination of bond financing and private investment to support construction and operational growth, the report cites. The revised financing terms are expected to assist Brightline in managing its debt profile while pursuing long-term transportation objectives. The rail operator remains one of the most prominent private passenger rail ventures in the country, according to Law360. About Brightline Train Florida Brightline offers high-speed rail between Miami, Fort Lauderdale, and Orlando. BROADWAY REALTY: US Trustee Seeks Weil Gotshal Fee Cut in Ch. 11 ---------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that the U.S. Trustee's Office has urged a New York bankruptcy court to impose a 20% reduction on Weil Gotshal & Manges LLP's fees in a Chapter 11 proceeding of Broadway Realty I Co., LLC. The office argues that aspects of the firm's billing do not justify full payment from the estate. Court filings indicate that the trustee questioned the efficiency and documentation of certain services billed during the bankruptcy. The office contends that professional compensation should reflect only necessary and appropriately supported work. Weil Gotshal's fee request stems from its representation of the debtor throughout the restructuring process. The bankruptcy judge will weigh the trustee's objections before deciding whether to approve the fees as requested or apply the proposed reduction, the report states. About Broadway Realty I Co., LLC Broadway Realty I Co., LLC is a real estate investment business and management company headquartered in New York City. The company operates from its principal location at 2 Grand Central Tower in Manhattan, with its main asset property at 4530 Broadway in New York. It specializes in real estate investment and property management activities across the New York metropolitan area. Broadway Realty I Co. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11050) on May 21,2025. In its petition, Broadway Realty I Co. reported between $500 million and $1 billion in both assets and liabilities. Judge David S. Jones, Esq. handles the cases. The Debtors are represented by Gary Holtzer, Esq., at Weil Gotshal & Manges, LLP. Flagstar Bank, N.A., as creditor, is represented by Harvey A. Strickon, Esq., Brett Lawrence, Esq., Justin Rawlins, Esq., and Nicholas A. Bassett, Esq. of PAUL HASTINGS LLP. BTB PIZZA: Seeks Subchapter V Bankruptcy in New York ---------------------------------------------------- On June 4, 2026, BTB Pizza Inc. commenced a voluntary Chapter 11 bankruptcy case in the Western District of New York. Court records show the company reported liabilities between $100,001 and $1 million and a creditor base of 1–49 creditors. A meeting of creditors under Section 341(a)to be held on July 8, 2026 at 02:00 BY TELEPHONE. Call-In Number: 888-330-1716, Passcode: 8286352#. Subchapter V Chapter 11 Plan due September 2, 2026; Proofs of Claim due August 13, 2026. About BTB Pizza Inc. BTB Pizza Inc. is a New York-based restaurant operator engaged in the pizza and quick-service food sector. The filing contains limited public information on its financial structure and operations. The company filed under Subchapter V of Chapter 11 (Case No. 26-20422) on June 4, 2026. The petition reflects estimated assets of $0 to $100,000 and estimated liabilities ranging from $100,001 to $1 million. Honorable Bankruptcy Judge Carl L. Bucki presides over the matter. The Debtor is represented by Raymond C. Stilwell, Esq. CCH JOHN EAGAN I: Court Extends Cash Collateral Access to June 30 ----------------------------------------------------------------- CCH John Eagan I Homes, L.P. and CCH John Eagan II Homes, L.P. received another extension from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. The court issued a fifth interim order extending the Debtors' authority to use cash collateral through June 30 to pay operating expenses in accordance with their budget. With the receiver's consent, the Debtors may exceed individual budget line items by up to 10% or exceed individual items by more than 10% so long as total overages do not exceed 10% in the aggregate. As adequate protection, Lending Group US, LLC, Bridgeview Funding, LLC and the Housing Authority of the City of Atlanta, Georgia, will be granted post-petition replacement liens on some of the Debtors' assets, to the same extent and priority as their pre-bankruptcy liens. These replacement liens do not apply to avoidance actions or assets not subject to pre-bankruptcy liens. The next hearing is scheduled for June 30. The fifth interim order is available at https://shorturl.at/w1vtW from PacerMonitor.com. CCH John Eagan I Homes and CCH John Eagan II Homes own and operate the Magnolia Park Apartments in Atlanta, Georgia, a large, integrated residential complex consisting of two phases that share common amenities and infrastructure. Phase I, owned by CCH I, contains 220 units, while Phase II, owned by CCH II, contains 180 units, with the combined property valued at more than $49 million. The Debtors identify Lending Group US and Bridgeview Funding as first-priority mortgage lenders on Phases I and II, respectively, and the Housing Authority of the City of Atlanta as a second-priority mortgage holder on both phases. The Debtors commenced their Chapter 11 cases to regain control of the property, restructure their finances, complete deferred repairs and maintenance, and pursue long-term redevelopment of the apartment complex. The bankruptcy filings were triggered by a dispute with the Housing Authority over an alleged breach of a settlement agreement, which led to the appointment of a state-court receives a move opposed by the senior lenders. About CCH John Eagan I Homes L.P. CCH John Eagan I Homes, L.P. is a limited partnership specializing in real estate holdings, focused on property ownership and development activities. CCH John Eagan I Homes sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-24569) on December 10, 2025. with between $10 million to $50 million in both assets and liabilities. Honorable Bankruptcy Judge Mindy A. Mora oversees the case. The Debtor is represented by Philip J. Landau, Esq. of Landau Law, PLLC. The U.S. Trustee for Region 21 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. CELEST INVESTMENTS: Court Extends Cash Collateral Access to Aug. 6 ------------------------------------------------------------------ Celest Investments, LLC received another extension from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral. At the recently held hearing, the court authorized the Debtor's interim use of cash collateral through August 6 under the same terms as the prior order. The Debtor was initially allowed to access cash collateral under the court's June 5 interim order. The initial order authorized the Debtor to use cash collateral to pay all post-petition operating expenses and granted lienholders adequate protection through weekly payments based on an approved budget and post-petition replacement liens on its property, with the same validity, priority, and enforceability as their pre-petition liens. These replacement liens do not apply to Chapter 5 avoidance actions or their proceeds. The order is available at http://bankrupt.com/misc/CelestInvestments_ICCOrder.pdf About Celest Investments LLC Celest Investments, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40084) on January 29, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Chief Judge Elizabeth D. Katz handles the case. Ilham Soffan, Esq., at Soffan Law, PC is the Debtor's bankruptcy counsel. CIBUS INC: Appoints Craig Wichner as CEO ---------------------------------------- Cibus, Inc. announced in a regulatory filing that as the culmination of its succession planning strategy, the Board of Directors appointed Craig Wichner as the Company's Chief Executive Officer on June 8, 2026. Concurrently with the appointment, Mr. Wichner resigned from the Board and from the Strategy Committee of the Board. Mr. Wichner joined the Company's Board in November 2025. Mr. Wichner, age 56, is the Founder and Managing Partner of Farmland LP, a leading United States farmland investment management firm with more than $350 million in assets and over 19,000 acres under management. Mr. Wichner founded Farmland in 2009 to demonstrate that organic and regenerative farmland management can enhance both soil health and long-term investment performance. Prior to founding Farmland, Mr. Wichner founded and managed several technology and investment companies focused on data-driven business models and sustainable growth. Mr. Wichner previously served on the Board of Directors of BN Ranch, the successor company to Niman Ranch, which was acquired by Blue Apron Holdings, Inc. (NYSE: APRN). Mr. Wichner also manages private family real estate holdings. Mr. Wichner holds a Bachelor of Science degree in Biochemistry and Molecular Biology with a minor in Economics from the University of California, San Diego. On June 8, 2026, Peter Beetham, who had been serving as Interim Chief Executive Officer since February 2025, returned to his role as the Company's President and Chief Operating Officer. Dr. Beetham has served as the Company's President and Chief Operating Officer since June 2023. Previously, Dr. Beetham served as Cibus Global's Chief Executive Officer, Senior Vice President of Research and Development and in other executive capacities since he co-founded Cibus Global in 2001. Given the change in Dr. Beetham's role, the Compensation Committee of the Board recommended, and the Board approved, a reduction in Dr. Beetham's annual base salary for 2026 from $650,000 to $585,000. To facilitate the Chief Executive Officer transition and related Board transition designed to enhance the independence of the Board, Dr. Beetham resigned from the Board also effective June 8, 2026. Concurrently with the resignations of Mr. Wichner and Dr. Beetham as directors, the authorized number of directors was reduced to seven. In connection with his appointment as Chief Executive Officer, the Company and Mr. Wichner entered into an Executive Employment Agreement, dated as of June 8, 2026. The Employment Agreement was recommended by the Compensation Committee of the Board and approved by the Board. Pursuant to the Employment Agreement, the Board established an initial base salary for Mr. Wichner of $650,000 and Mr. Wichner will be eligible for a discretionary annual bonus and annual incentive equity award, in each case, as determined by the Board or the Compensation Committee. Mr. Wichner is eligible to participate in employee benefit plans, such as pension, profit sharing and other retirement plans, incentive compensation plans, disability and other insurance plans, and other employee welfare plans, in each case, in accordance with the employee benefit plans established by the Company, and as may be amended from time to time in the Company's sole discretion. Mr. Wichner's employment is at-will and may be terminated at any time for any reason. Upon termination of Mr. Wichner's employment by Mr. Wichner for Good Reason or by the Company without Cause, Mr. Wichner will be entitled to continued payments of base salary for a period of eighteen months, vesting of that portion of Mr. Wichner's stock options and other unvested equity that would have otherwise vested in such eighteen month period, payment of any annual bonus that has been earned but remains unpaid, and up to eighteen months of Company-paid COBRA premiums. If Mr. Wichner's employment is terminated by Mr. Wichner for Good Reason or by Cibus without Cause in connection with a Change in Control, Mr. Wichner will be entitled to continued payment of base salary for a period of twenty-four months, payment of a lump sum equal to the higher of Mr. Wichner's target annual bonus for the year of such termination and, if termination occurs in the second half of a fiscal year, the reasonably projected annual bonus for the termination year, full vesting of all of Mr. Wichner's stock options and other unvested equity, and up to twenty-four months of Company-paid COBRA premiums. The receipt of Severance Benefits and Change in Control Severance Benefits, as applicable, will be subject to delivery of a release contemplated by the Employment Agreement. On June 8, 2026, Mr. Wichner was granted a restricted stock unit award with a grant date fair value of $1,100,000 and a stock option with a grant date fair value of $1,100,000 under the Company's 2017 Omnibus Incentive Plan, as amended and subject to the Company's current standard forms of RSU award and stock option agreements. Each of the RSU award and the stock option award will vest as to 25% of the shares underlying such award on each of the first four anniversaries of the grant date, subject to acceleration and forfeiture as described in the Employment Agreement and the forms of award agreements. The stock option award has an exercise price equal to Fair Market Value (as defined in the Plan) on the grant date and a ten year term. Mr. Wichner previously entered into the Company's standard indemnification agreement for directors and officers, the form of which is filed with the Company's Annual Report on Form 10-K and remains in effect with respect to Mr. Wichner. The foregoing summary of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, a copy of which is to be filed as an exhibit to the Company's next Quarterly Report on Form 10-Q. Mr. Wichner has no other direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, nor are any such transactions currently proposed. There are no arrangements or understandings between Mr. Wichner and any other persons pursuant to which Mr. Wichner is being appointed as Chief Executive Officer, and there are no family relationships between Mr. Wichner and any director or executive officer of the Company. About Cibus Cibus Inc. is an agricultural biotechnology company based in San Diego, California. It develops genetic traits for major food crops using its proprietary gene-editing platform, the Rapid Trait Development System. The Company's technology aims to improve crop productivity and resilience by addressing challenges such as pests, diseases, and environmental stressors. San Diego, Calif.-based BDO USA, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 17, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025. The report highlights that the Company has suffered recurring losses from operations and negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $324.2 million in total assets, $288.7 million in total liabilities, and $35.5 million in total stockholders' equity. CLEARSIDE BIOMEDICAL: Court Sets July 1 Plan Confirmation Hearing ----------------------------------------------------------------- On May 20, 2026, the debtor and debtor in possession (the "Debtor") filed Debtor’s First Amended Combined Disclosure Statement and Chapter 11 Plan of Reorganization (as may be amended, modified, or supplemented, the "Combined Disclosure Statement and Plan"). Pursuant to an order, dated May 15, 2026 ("Conditional Approval and Procedures Order"), the United States Bankruptcy Court for the District of Delaware (the "Court") approved the Combined Disclosure Statement and Plan on an interim basis for solicitation purposes only. A hearing (the "Confirmation Hearing") to consider (a) final approval of the Combined Disclosure Statement and Plan as containing adequate information within the meaning of Section 1125 of the Bankruptcy Code and (b) confirmation of the Combined Disclosure Statement and Plan will be held before the Honorable Thomas M. Horan, United States Bankruptcy Judge, in Courtroom 5 of the Court, 824 North Market Street, 5th Floor, Wilmington, Delaware 19801, on July 1, 2026, at 11:00 a.m. (prevailing Eastern Time). The Confirmation Hearing may be continued from time to time without further notice other than the announcement by the Debtor in open court of the adjourned date(s) at the Confirmation Hearing or any continued hearing or as indicated in any notice filed with the Court. All objections and responses to confirmation of the Combined Disclosure Statement and Plan or the final approval of the adequacy of the Combined Disclosure Statement and Plan must: (1) be in writing; (2) comply with the Bankruptcy Rules and the Local Rules; (3) state the name and address of the objecting party and the amount and nature of the claim or equity interest owned by such entity or person; (4) state with particularity the legal and factual basis for such objections, and, if practicable, a proposed modification to the Combined Disclosure Statement and Plan that would resolve such objections; and (5) be filed with the Court no later than 4:00 p.m. (Eastern Time) on June 24, 2026 (the "Confirmation Objection Deadline") and be served upon the following notice parties: (i) counsel to the Debtor, Cooley LLP, 55 Hudson Yards, New York, New York 10001 (Attn: Lauren A. Reichardt, Esq. (lreichardt@cooley.com) and Miriam Peguero Medrano, Esq. (mpegueromedrano@cooley.com)); (ii) counsel to the Debtor, Richards, Layton & Finger, P.A., One Rodney Square, 920 North King Street, Wilmington, Delaware 19801 (Attn: Daniel J. DeFranceschi, Esq. (defranceschi@rlf.com), Michael J. Merchant, Esq. (merchant@rlf.com), David T. Queroli, Esq. (queroli@rlf.com), and Alexander R. Steiger, Esq. (steiger@rlf.com)); (iii) counsel to Steel Partners, 600 Peachtree Street NE, Suite 5200, Atlanta, GA 30308 (Attn: David A. Wender, Esq. (davidwender@eversheds-sutherland.com)); and (iv) the United States Trustee for the District of Delaware (the "U.S. Trustee"), 844 King Street, Suite 2207, Lockbox 35, Wilmington, Delaware 19801 (Attn: Jane Leamy, Esq. (jane.m.leamy@usdoj.gov)). Pursuant to the Conditional Approval and Procedures Order, the Court approved the use of certain materials in the solicitation of votes to accept or reject the Combined Disclosure Statement and Plan and certain procedures for the tabulation of votes to accept or reject the Combined Disclosure Statement and Plan. If you are a Holder of any Existing Common Stock in the Debtor as of May 13, 2026 and are entitled to vote, you have received with this notice a ballot form (a "Ballot") and instructions for completing the Ballot. For a vote to accept or reject the Combined Disclosure Statement and Plan to be counted, the holder of a Ballot must complete all required information on the Ballot, execute the Ballot and return the completed Ballot in accordance with the instructions so that it is received by 4:00 p.m. (Eastern Time) on June 24, 2026 (the "Voting Deadline"). Failure to follow the instructions included with the Ballot, or to return a properly completed Ballot so that it is received by the Voting Deadline, may disqualify such Ballot and vote to accept or reject the Combined Disclosure Statement and Plan. The rules and procedures for the tabulation of the votes are outlined in the Conditional Approval and Procedures Order. For more information about the Solicitation Procedures, please contact Epiq Corporate Restructuring, LLC (the "Balloting Agent") via email at ClearsideBiomedicalInfo@epiqglobal.com or via telephone at (866) 965-5474 (toll-free within the United States or Canada) or +1 (503) 558-6554 (international. To obtain a copy of the Combined Disclosure Statement and Plan, the Conditional Approval and Procedures Order, or any related documents, free of charge, please contact the Balloting Agent, visit the Debtor’s case website: https://dm.epiq11.com/ClearsideBiomedical. You may also obtain copies of any pleadings filed in this Chapter 11 Case for a fee via PACER at: http://www.deb.uscourts.gov. Counsel for the Debtor and Debtor in Possession: Daniel J. DeFranceschi, Esq. Michael J. Merchant, Esq. David T. Queroli, Esq. Alexander R. Steiger, Esq. RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 N. King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Emails: defranceschi@rlf.com merchant@rlf.com queroli@rlf.com steiger@rlf.com - and - Lauren A. Reichardt, Esq. Miriam A. Peguero Medrano, Esq. COOLEY LLP 55 Hudson Yards New York, New York 10001-2157 Telephone: (212) 479-6000 Emails: lreichardt@cooley.com mpegueromedrano@cooley.com About Clearside Biomedical Inc. Clearside Biomedical, Inc., is a biopharmaceutical firm specializing in the development and commercialization of treatments for eye diseases. Clearside Biomedical Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12109) on Nov. 23, 2025. In its petition, the Debtor estimated assets of up to $10 million and estimated liabilities of up to $100 million. The Debtor tapped Cooley LLP and Richards, Layton & Finger, PA as counsel; Epiq Corporate Restructuring, LLC as administrative advisor; and Berkeley Research Group, LLC as financial advisor. CONROE CORRAL: Commences Chapter 11 Bankruptcy in Texas ------------------------------------------------------- On June 10, 2026, Conroe Corral Murphy, 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 1–49 creditors. A meeting of creditors under Section 341(a) to be held on July 14, 2026 at 02:30 PM, US Trustee Houston Teleconference. About Conroe Corral Murphy, LLC Conroe Corral Murphy, LLC is a privately held limited liability company engaged in commercial business operations in Texas. The filing provides limited public information regarding the company's specific operations and financial structure. Conroe Corral Murphy, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-34166) on June 10, 2026. In its petition, the Debtor reports estimated assets ranging from $100,001 to $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The Debtor is represented by Alex Olmedo Acosta, Esq., of Acosta Law, P.C. DANSKAMMER HOLDCO: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Lead Debtor: Danskammer HoldCo LLC 590 Madison Avenue, 41st Floor New York, NY 10022 Business Description: Danskammer operates the Danskammer Generating Station in Newburgh, New York. The company produces electricity and relies on natural gas for energy production after permanently ceasing coal use. It also develops and manages energy production resources serving communities and electricity users including homes, schools, hospitals, and businesses. Chapter 11 Petition Date: June 10, 2026 Court: United States Bankruptcy Court District of Delaware Four affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Danskammer HoldCo LLC (Lead Case) 26-10950 Danskammer Intermediate Holdings LLC 26-10952 Danskammer Holdings LLC 26-10953 Danskammer Energy, LLC 26-10954 Judge: Hon. Karen B Owens Debtors' Restructuring & Bankruptcy Counsel: Kimberly A. Brown, Esq. LANDIS RATH & COBB LLP 919 Market Street Suite 1800 Wilmington, DE 19801 Tel: (302) 467-4400 Email: brown@lrclaw.com Debtors' Investment Banker: SSG CAPITAL ADVISORS, LLC Debtors' Notice & Claims Agent: EPIQ CORPORATE RESTRUCTURING, LLC Danskammer HoldCo's Estimated Assets: $10 million to $50 million Danskammer HoldCo's Estimated Liabilities: $10 million to $50 million The petitions were signed by Thomas M. Gray as president and chief financial officer. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4KDIAPA/Danskammer_HoldCo_LLC__debke-26-10950__0001.0.pdf?mcid=tGE4TAMA Consolisted List of Debtors' 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. New York Independent System Government $11,820,879 Operator, Inc. Regulatory 10 Krey Boulevard Rensselaer, NY 12144 Tel: Main Office: (518) 356-6000 Email: sprevratil@nyiso.com credit; department@nyiso.com 2. Commissioner of Finance - Property Tax $764,039 County of Orange County Government Center 255 Main Street Goshen, NY 10924-1698 Tel: Main Office: (845) 291-2485 Email: ceoffice@orangecountygov.com 3. Town of Newburgh Government $204,109 Attention: Town Supervisor Contract 1496 Route 300 Newburgh, NY 12550 Contact: Ronald Clum, Town Accountant Tel: (845) 564-5220 Email: rclumaccountant@townofnewburgh.org 4. CAMS Texas, LLC Professional $148,889 910 Louisiana Street Services Suite 2400 Houston, TX 77002 Contact: Josh York Tel: (713) 358-9700 Email: jyork@camstex.com 5. Central Hudson Gas & Trade $105,964 Electric Corporation 284 South Avenue Poughkeepsie, NY 12601-4839 Tel: Main Office: (845) 452-2700 6. Perreca Electric Co., Inc. Professional $21,368 520 Broadway Services Newburgh, NY 12550 Tel: Main Office: (800) 646-0438 Email: dfalanga@perreca.com 7. Atlas Security Services Inc Trade $15,531 2002 RT 17M Goshen, NY 10924 Tel: (914) 474-5993 Email: info@atlassecurityservices.us 8. Nova Contracting Corp. Trade $8,903 C/O Danskammer Energy 994 River Road Newburgh, NY 12550 Tel: Main Office: (855) 277-3940 Email: dmastro711@gmail.com 9. Associated Fire Protections Trade $7,092 100 Jackson Street Paterson, NJ 07501 Tel: Main Office: (845) 481-4499 Email: dmeehan@associatedfire.com 10. Scrub Masters Plus Corp. Trade $6,120 100 Aaron Court KINGSTON, NY 12401 Tel: (845) 481-4499 Email: mhoward@smpluscorp.com; dfarmer@smpluscorp.com 11. SCS Engineers Professional $6,032 3900 Kilroy Airport Way Services Ste 300 Long Beach, CA 90806-6816 Contact: Zach Christ Tel: (630) 465-4590 Email: zchrist@scsengineers.com 12. Turtle & Hughes Inc Trade $5,560 100 Walnut Ave CLARK, NJ 07066 Tel: Main Office: (732) 574-3600 Email: gsaorders@turtle.com 13. Airgas USA, LLC Trade $4,436 6055 Rockside Woods Blvd. Independence, OH 44131 Tel: (216) 520-6020 Email: ndivcustomersupport@airgas.com 14. Reliant CEM Services Inc Trade $4,180 630 Wyndhurst Drive Suite 6 Lynchburg, VA 24502 Tel: Main Office: (717) 459-4990 EXT. 301 Email: arettew@reliantcemservices.co 15. CSX Transporation Right of Way $3,379 500 Water Street Jacksonville, FL 32202-4423 Tel: (904) 279-3879 Email: customerrelations@csx.com 16. Paoli Communications LLC Trade $3,243 256 Derby Road Middletown, NY 10940 Tel: (844) 997-2654 EXT. 1111 Email: tim@paolicommunications.co 17. Water Quality Management, Inc. Trade $1,750 1348 US-9W Marlboro, NY 12542 Tel: (845) 549-2547 Email: waterqualitymngt@gmail.com 18. Adirondack Environmental Trade $1,545 Services Inc 314 N Pearl St Albany, NY 12207 Tel: Main Office: (800) 848-4983 Email: aes@adirondackenvironmental.com 19. Amazon Capital Services Trade $1,287 PO Box 035184 Seattle, WA 98124-5184 Tel: (888) 280-4331 Email: ar-businessinvoicing@amazon.com 20. Castleton Commodities Professional Unknown International LLC Services Attn: General Counsel 2200 Atlantic Street Suite 800 Stamford, CT 06902 Tel: Main Office: (845) 562-4080 Email: charlene.williams@cci.com DURANTE EQUIPMENT: Gets Court Nod to Use Cash Collateral -------------------------------------------------------- Durante Equipment, LLC on June 17 got the green light from the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral to fund operations based on a court-approved budget from June 3 through the final hearing or such later date as the court may order. The Debtor generates its primary revenue from renting out its fleet and selling used machinery. Its primary operational assets consist of office furniture, fixtures, and new and used construction equipment held for rent and sale. Cash generated by the Debtor's ongoing operations and equipment rentals constitutes cash collateral Under various pre-petition loan contracts and UCC financing statements, a group of secured equipment lenders assert valid security interests in the Debtor's personal property. As adequate protection for using their cash collateral, secured lenders will be granted a continuing post-petition replacement lien on all post-petition property of the Debtor and its estate, with the same validity and priority as their pre-petition liens. In case the replacement liens prove inadequate, lenders will be granted superpriority administrative expense claims, subject to a fee carveout. These claims do not apply to the proceeds of any Chapter 5 avoidance action. The order is available at http://bankrupt.com/misc/DURANTEEQUIPMENT_ICCOrder.pdf The final hearing is set for July 8. About Durante Equipment LLC Durante Equipment LLC is a construction and landscaping equipment supplier. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17303-SMG) on June 3, 2026. In the petition signed by John E. Durante, chief executive officer, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Scott M. Grossman oversees the case. Bart Houston, Esq., at Houston Roderman PLLC, represents the Debtor as legal counsel. EASTSIDE COLLISION: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, entered an interim order authorizing Eastside Collision & Car Care Center Inc. to use cash collateral in its Chapter 11 Subchapter V case. Under the order, the Debtor may use cash collateral in accordance with its approved budget, with authority to modify budget line items by up to 15% of the total budget and carry forward unused budgeted amounts. The Debtor may also pay actual amounts due to utilities, taxing authorities, and insurance providers. The authorization remains effective so long as the Debtor complies with the terms of the order. The Debtor projects total monthly operational expenses of $10,746. As adequate protection, creditors asserting interests in the Debtor's cash collateral were granted replacement liens on post-petition collateral to the same extent, validity, and priority as their pre-petition interests. The replacement liens exclude avoidance actions and related bankruptcy estate causes of action. The order preserves all parties' rights to challenge the validity, extent, or priority of asserted liens and claims, seek relief from the automatic stay, or object to future case developments. A continued interim cash collateral hearing is scheduled for June 29. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/u2DAU from PacerMonitor.com. The Debtor identifies several financial entities that assert liens against its assets, which are documented across the public records of Coweta County, Georgia. The U.S. Small Business Administration holds two separate liens stemming from initial UCC filings recorded on June 3, 2020, and December 3, 2025. Harvest Small Business Finance, LLC asserts an interest via a security deed dated December 8, 2021, and officially recorded in the county land records later that month. Additionally, Corporation Service Company acts as a representative for an outstanding lien registered under a September 23, 2024 UCC filing, which the Debtor notes may belong to Small Business Financial Solutions, LLC, doing business as Rapid Finance. Lastly, SIMT USA LLC holds a secured interest documented by a UCC filing on February 13, 2025. Aside from these designated entities, the Debtor is unaware of any other perfected liens or security interests encumbering its cash collateral. About Eastside Collision & Car Care Center Inc. Eastside Collision & Car Care Center, Inc. provides automotive collision repair, body, paint and car-care services from Lithonia, Georgia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-57078) on May 29, 2026. In the petition signed by Brian Young, CEO, the Debtor disclosed up to $10 million in both assets and liabilities. Adam E. Ekbom, Esq., at JONES & WALDEN LLC, represents the Debtor as legal counsel. EFTIALEX CORP: Seeks Chapter 11 Bankruptcy in New York ------------------------------------------------------ On June 5, 2026, Eftialex Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors filed by the Office of the United States Trustee under Section 341(a) to be held on July 6, 2026 at 01:30 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 6982178. Both the Chapter 11 Plan and Disclosure Statement must be filed no later than October 5, 2026. About Eftialex Corp. Eftialex Corp. is a privately held corporate entity operating in the United States. The filing provides limited public disclosure regarding its business operations and financial condition. Eftialex Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42796) on June 5, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Lawrence Morrison, Esq. ELETSON GAS: Court Rejects Permanent Block in Award Battle ---------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that s New York court has rejected an effort to permanently bar former majority owners of Eletson Gas from asserting authority over the company or interfering with its new management team. The judge concluded that the request for permanent injunctive relief did not meet the legal standard required for such an order. The case arises from a continuing conflict between former stakeholders and current leadership over control of the shipping and energy transportation business. Company officials argued that court intervention was needed to protect operations and ensure management could function without interference. Despite denying the injunction request, the court did not resolve the broader ownership and governance issues at the center of the dispute. Those matters are expected to remain the subject of ongoing litigation between the parties. About Eletson Gas LLC Eletson Gas LLC is a subsidiary of Eletson Holdings that operates in the marine shipping sector, focusing on the transportation of liquefied petroleum gas and other energy-related cargoes. Through its fleet of specialized vessels, the company supports energy producers, traders, and distributors in international markets. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ELITA 7 LLC: Amends Unsecured Claims Pay Details ------------------------------------------------ Elita 7 LLC and Victoria Light LLC submitted a Disclosure Statement with regard to Amended Plan of Liquidation dated June 8, 2026. The Plan is a liquidating plan that provides for the distribution of the Carveout from the sale of all of Debtors' assets which is Donna Kay Rest Home located 16 Myrtle Street, Worcester, Massachusetts including the real property located at 16 Myrtle Street Worcester. Distributions under the Plan will be funded from the Professional Fee CarveOut and Estate Carveout negotiated with the Debtors' secured lender, DMT SPE IV (the "Primary Secured Lender"). The Sale closed on April 17, 2026 at a sale price that was not in excess of the Debt owed to the Primary Secured Lender, so the Plan will be funded from the Carve-Outs. The Professional Fee Carve-Out will be used to pay the costs associated with the sale. The Estate Carveout will be used to pay any unpaid Administrative Expense Claims, Priority Tax Claims, Other Priority Claims (if any) and general unsecured claims. The Estate Carve-Out of one percent of the sale price ($65,000.00) is for distribution to the Debtors' creditors, including Administrative, Priority Tax Claims, Other Priority Claims, and General Unsecured Claims. Based on the Debtors' estimate of the Claims that will be Allowed Claims, the Debtors estimate that holders of Class 7 of Claims, i.e. the General Unsecured Claims, will receive a small dividend on their Claims from the Carve-Out after payment of Administrative, Priority Tax Claims, and Other Priority Claims (if any). The distributions to creditors under the Plan shall be made by the Disbursing Agent John O. Desmond as soon as practical after the Effective Date. The Lender will not receive any distribution for the Lender Deficiency Claim. This will prevent a large Lender Deficiency Claim from diluting the distribution to the general unsecured creditors. The Debtors employed Senior Living Investment Brokerage ("SLIB") as broker to market the Rest Home for sale. SLIB marketed the property extensively and generated an offer for $6,500,000 for the sale of the rest home. The Debtor completed the sale to a counteroffer for the sum of $6,850,000 and received a $65,000 carveout from the sale proceeds in additional to funds available to pay Chapter 11 administrative claims. Class 7 consists of the Allowed General Unsecured Claims against the Debtors including reclassified claims of Merchant Cash Advance Lenders DLP Funding, EN OD Capital and Arin Funding. Each holder of an Allowed Class 7 Claim shall receive a pro rata distribution of the Estate Carve-Out after payment of the Administrative Claims, Priority Tax Claims, and the Other Priority Claims (if any). In addition, each holder of an Allowed Class 7 Claim shall receive pro rata distribution (up to payment in full) of all money remaining in the Estate. All distributions on account of Class 7 Claims shall be made as soon as is practicable after the Effective Date. Class 7 is Impaired under the Plan. Each holder of an Allowed Class 7 Claim, if any, is entitled to vote to accept or reject the Plan. Class 8 consists of the holders of all Interests in the Debtors. A holder of a Class 8 Interest will neither receive nor retain anything on account of such Interest in the Debtors. On the Effective Date, all Interests shall be cancelled, extinguished, and discharged. The Plan contains appropriate provisions consistent with sections 1123(a)(5) and 1142(a) of the Bankruptcy Code for its implementation. The funds needed to make distributions and other payments required by this Plan shall be from (a) the Estate Carveout, and (b) any funds remaining in the Estate from operating of the Real Property prior to the sale or any other sources. The distributions to creditors under the Plan shall be made by the Disbursing Agent John O. Desmond as soon as practical after the Effective Date. The Debtors sold their Rest Home on April 17, 2026. The Sale proceeds were not sufficient to pay secured lender DMT in full so the estate received a carveout for professional fees and an Estate Carveout of $65,000 for the benefit of the estate. A full-text copy of the Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=DadvTW from PacerMonitor.com at no charge. Counsel to the Debtor: John O. Desmond, Esq. 5 Edgell Road, Suite 30A Framingham, MA 01701 Telephone: (508) 879-9638 Email: attorney@jdesmond.com About Elita 7 and Victoria Light Elita 7, LLC, operates a 60-bed Rest Home located at 16 Marble Street, Worcester, Mass. Elita 7 and its affiliate, Victoria Light, LLC, filed Chapter 11 petitions (Bankr. D. Mass. Lead Case No. 24-41303) on December 20, 2024. At the time of the filing, the Debtors reported $1 million to $10 million in both assets and liabilities. Judge Elizabeth D. Katz oversees the cases. John O. Desmond, Esq., is the Debtors' legal counsel. Secured lender DMT SPE I, LLC is represented by: Douglas K. Clarke, Esq. Riemer & Braunstein, LLP 100 Cambridge Street, 22nd Floor Boston, MA 02114-2527 Phone: (617) 880-3485 Fax: (617) 692-3485 Email: dclarke@riemerlaw.com ENVERIC BIOSCIENCES: Expands ATM Offering by Additional $2.425-Mil. ------------------------------------------------------------------- Enveric Biosciences, Inc. disclosed in a regulatory filing that it filed a Prospectus Supplement to offer an additional $2,425,000 of shares of its common stock, par value $0.01 per share, issuable pursuant to the At The Market Offering Agreement between the Company and H.C. Wainwright & Co., LLC, dated April 9, 2025. Prior to the date hereof, the Company has sold an aggregate of $4,483,711.04 through the Sales Agent under the ATM Agreement. A full text copy of the Prospectus Supplement is available at https://tinyurl.com/2re83ucm and an opinion regarding the legality of the Shares issuable under the ATM Agreement and covered by the Prospectus Supplement is available at https://tinyurl.com/44axyyan About Enveric Biosciences Enveric Biosciences, Inc., develops small-molecule neuroplastogenic therapeutics for psychiatric and neurological disorders. The company's lead program, EB-003, is designed to selectively target 5-HT2A and 5-HT1B receptors with the goal of providing fast-acting, durable antidepressant and anxiolytic effects without hallucinogenic properties. EB-003 has completed short-term dose-range toxicology studies and is advancing toward IND-enabling, GLP-compliant safety pharmacology and longer-term toxicology trials, forming the basis for potential clinical development in depression and other neuropsychiatric indications. The Cambridge, Massachusetts-based biotech company had total assets of $5.09 million, current liabilities of $918,400, and shareholders' equity of $4.18 million at year-end Dec. 31, 2025. CBIZ CPAs P.C., issued a "going concern" qualification in its report dated March 27, 2026, citing the company's significant losses and need to raise additional funds to meet its obligations and sustain its operations, which conditions raise substantial doubt about the company's ability to continue as a going concern. EVA LIVE: Reaches Terms for 51% Stake in Spiro Senior Living ------------------------------------------------------------ Eva Live Inc. said it reached terms for a definitive agreement under which it will hold a 51% ownership interest across Spiro Senior Living and related operating entities, according to a press release furnished as an exhibit to a Form 8-K filed with the SEC. Final documentation is expected to be completed on or about July 1. Eva said the transaction would give it a controlling interest in Spiro Senior's healthcare operations, technology platform, digital infrastructure and growth initiatives. Spiro Senior has opened its first three senior healthcare facilities and is expanding through its relationship with Meridian Senior Living. The company said the facilities are treating patients daily and revenue is exceeding expectations. About Eva Live Eva Live Inc. is a Los Angeles-based technology company that develops Eva Platform, an automated advertiser campaign management platform. The company enables advertisers to buy advertising space across digital channels and provides digital marketing and media monetization services on the Internet. Its tools analyze data for brand awareness and direct-response campaigns, serving customers including advertising agencies, media companies, financial institutions, and retail entities, mainly in the United States and Canada. LAO Professionals, which has served as Eva Live's auditor since 2025, included a going-concern paragraph in its March 16, 2026, audit report, citing a $20.34 million accumulated deficit as of Dec. 31, 2025, and insufficient significant revenue to generate positive cash flow from operations. As of March 31, 2026, Eva Live Inc reported total assets of $24.72 million, total liabilities of $12.36 million and stockholders' equity of $12.35 million. FADE BY: To Sell Hammer & Nails to Berrupp Management for $225K --------------------------------------------------------------- Fade By R10 LLC and its owners, Nathanael P. and Megan M. Anderton, seek approval from the U.S. Bankruptcy Court for the Southern District of Ohio, Easter Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtors request authority to sell the Hammer and Nails business operated by Fade By R10 at 1674 West Lane Avenue, Suite 130, Upper Arlington, Ohio 43221, together with the following assets, properties and rights, which relate to, or are used or held for use in connection with the Lane Ave. Location. The Debtors wish to sell the Property to Berrupp Management LLC or its permitted assignee. The Debtors further request authority to assume the management agreement executed effective as of June 11, 2026, for the management of the Lane Ave. Location by Berrupp until the Closing. The Debtors further request authority to assume and assign to Berrupp the commercial real estate lease by and between Fade By R10, as lessee, and Lane Avenue Commercial Holdings LLC, as lessor, and to pay the cure amount to Lane Avenue Commercial Holdings. The Debtors further request authority to assume and assign to Berrupp the franchise agreement and related franchise rights for the Lane Ave. Location by and between Nate Anderton, as franchisee, and The Hammer and Nails Salon Group LLC, as franchisor, and to pay any cure amount to Hammer and Nails Salon Group. The Management Agreement limits Berrupp's role to ordinary-course operational management of the Lane Ave. Location and does not transfer to Berrupp authority over bankruptcy, sale-process, litigation, claims-administration, distribution, financing, or estate-level decisions. The Debtors further request that the Court approve the purchase price of $225,000 to be paid by Berrupp for the purchase of the Purchased Assets and the Assumptions and Assignments. The Debtors further request that the Court find and order that Berrupp is a good faith purchaser of the Purchased Assets and the Assumptions and Assignments. About Fade By R10 LLC Fade By R10 LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.Oh. Case No. 25-53836) June 17, 2026. David M. Whittaker at Allen Stovall Neuman & Ashton LLP, represents the Debtors as legal counsel. FAIRFAX BEST: Starts Chapter 11 Bankruptcy in Oklahoma ------------------------------------------------------ On June 12, 2026, Fairfax Best Living, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Oklahoma. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to 1–49 creditors. The Chapter 11 Plan and Disclosure Statement are due on October 13, 2026. About Fairfax Best Living, LLC Fairfax Best Living, LLC is a privately held limited liability company. The bankruptcy filing provides limited disclosure regarding its operations and underlying business activities. Fairfax Best Living, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11985) on June 12, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities both in the range of $10 million to $50 million. Honorable Bankruptcy Judge Sarah A. Hall handles the case. The Debtor is represented by Joyce W. Lindauer, Esq. of Lindauer & Vaughn. FAIRFAX INVESTORS: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Fairfax Investors, LLC 7801 NE 10th St. Tulsa, OK 73110 Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Western District of Oklahoma Case No.: 26-11984 Debtor's Counsel: Joyce Lindauer, Esq. LINDAUER & VAUGHN 117 S. Dallas St. Ennis, TX 75119 Tel: (972) 503-4033 E-mail: joyce@joycelindauer.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Marc Kulick as authorized signatory. 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/XVX2LSQ/Fairfax_Investors_LLC__okwbke-26-11984__0001.0.pdf?mcid=tGE4TAMA FIRST BRANDS: Seeks Creation of Retiree Panel in Bankruptcy ----------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that First Brands Group has asked a Texas bankruptcy court to establish a committee for retired employees, saying its Chapter 11 restructuring plan does not allow it to continue supporting retiree benefits at existing levels. The company argues that formal retiree representation is required under the circumstances. The proposed committee would act on behalf of retirees during negotiations involving healthcare and other post-employment benefits that could be altered through the bankruptcy process. Such committees are commonly used in large Chapter 11 cases where retiree interests are directly affected, the report cites. By seeking court approval for the committee, First Brands aims to create a framework for resolving benefit-related issues while advancing its broader reorganization strategy. The outcome could significantly impact former employees as the bankruptcy case progresses, according to Law360. About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. 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 Sept. 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. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FLASKBACK PIZZA: Seeks Chapter 7 Bankruptcy in Arkansas ------------------------------------------------------- On June 8, 2026, Flaskback Pizza and Milkshakes, LLC filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Arkansas. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on July 9, 2026 at 09:00 AM at Zoom Ferguson: Meeting ID 212-671-1234, Passcode 1457107566, Phone 1-479-437-9035. About Flaskback Pizza and Milkshakes, LLC Flaskback Pizza and Milkshakes, LLC is a privately held restaurant operator in the food service industry. The filing provides limited disclosure regarding its operations and financial condition. Flaskback Pizza and Milkshakes, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-71136) on June 8, 2026. In its petition, the Debtor reports estimated assets in the range of $0 to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Bianca M. Rucker handles the case. The Debtor is represented by Joel G. Hargis, Esq. of Caddell Reynolds. J. Brian Ferguson serves as Interim Trustee. FLOWER APARTMENTS: Unsecureds to Split $96K over 60 Months ---------------------------------------------------------- Flower Apartments, LLC filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement describing Plan of Reorganization dated June 8, 2026. The Debtor was formed in 2003 in the state of California. The Debtor's sole managing members are Abraham Benelyahu and David Ben Eliyahu. The Debtor's business is the operation of its sole asset, a 36-unit apartment building located at 1420 S. Flower Street, Los Angeles CA 90015 (the "Property"). The Debtor purchased the Property in 2003. In 2021, the Los Angeles Housing Department ("LAHD") issued 73 citations after a routine inspection. One citation forced the Debtor into an unwarranted $500,000 copper re-piping project. The LAHD thereafter placed the Property into the Rent Escrow Account Program ("REAP"), which impacted the Debtor's relationship with the Department of Water and Power ("DWP"), in addition to a billing dispute. After litigation, the Debtor successfully limited the re-piping requirement to the mechanical room, saving substantial costs. However, the LAHD refused to release the Property from REAP, which restricted the Debtor's ability to refinance. Occupancy and eviction challenges also impacted the Debtor's ability to refinance. COVID-19 Pandemic eviction moratoriums resulted in a dozen unpaying units. The Debtor, through contributions from its principals, is remodeling two units plus updating all of the light fixtures in the hallways, replacing fire exit ladder, and upgrading the fire alarm safety door, and other common maintenance issues. The Debtor believes that the improvements when completed will add value to the Property. While the Debtor cannot predict how much the value will accrue over the Plan term, the Debtor believes that its ability to obtain a refinance loan is realistic and viable based on the value of the Property increasing through the Plan term due to proposed construction/renovations and the anticipated full occupancy. Further, based on the knowledge and experience of the Debtor's principals as property owners in the Downtown LA area, they believe that the equity in the Property will grow as generally property values increase over time in LA, or at least will not decrease significantly. Moreover, in the unlikely event that refinance is not viable, the Debtor will sell the property. The Plan provides for payment to holders of allowed claims. The timing of Plan payments to particular creditor groups will depend upon their classification under the Plan. The Effective Date of the Plan shall be the first business day, which is 14- calendar days after the entry of the order confirming the Plan. Class 3 consists of General Unsecured Claims. In the present case, the Debtor estimates that general unsecured debts total approximately $1,590,767.54. This Class is impaired. The Debtor will pay general unsecured creditors, on a pro rata basis, as follows, beginning on the first day of the first month following the Effective Date: Months 1-24: $1,000/month Months 25-60: $2,000/month This is estimated to pay approximately $96,000 in total or 6.03% of each claim. As set forth in the Exhibit "C," this class includes the unsecured portion of the claim held by US Bank (pursuant to the agreement between the partied) and the claim of junior lienholder, Elliott & Saraly Anavim, which was rendered unsecured due to the value of the Debtor's Property and the amount owed to the senior lienholder. Class 4 consists of Interest Holders. The Debtor's members will retain their ownership interests in the Debtor. As set forth in the projected cash flow statement for 60 months (the "Projections"), the Plan will be funded with the rental income generated from the Properties and equity contributions, in addition to balloon payments in month 61. At such time, the Debtor will obtain financing and/or sell the properties to pay the balloon payments. The Property is subject to the City of Los Angeles' Rent Stabilization Ordinance. As such, the Projections assume a 3% annual increase to rent for each unit. A full-text copy of the Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=1e024m from PacerMonitor.com at no charge. Counsel for the Debtor: Roksana D. Moradi-Brovia, Esq. W. Sloan Youkstetter, Esq. RHM LAW LLP 17609 Ventura Blvd., Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 Email: roksana@RHMFirm.com sloan@RHMFirm.com About Flower Apartments LLC Flower Apartments, LLC, is a Los Angeles-based real estate company that appears to own or operate an apartment property located at 1420 S. Flower Street in downtown Los Angeles. Flower Apartments sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-15724) on July 7, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million. Judge Julia W. Brand handles the case. The Debtor is represented by Matthew D. Resnik, Esq., at Rhm Law, LLP. U.S. Bank, N.A., as secured lender, is represented by Randye B. Soref, Esq. at Tanya Behnam, Esq. FOUR FINGERS: Commences Chapter 11 Bankruptcy in Arizona -------------------------------------------------------- On June 15, 2026, Four Fingers LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports more than $1 billion in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) scheduled for July 21, 2026 at 09:00 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. Deadline to file the Chapter 11 Subchapter V Small Business Plan is September 14, 2026. About Four Fingers LLC Four Fingers LLC is a privately held limited liability company. The bankruptcy filing provides limited public information regarding the company's operations, business activities, and corporate structure. Four Fingers LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05905) on June 15, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities of more than $1 billion. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtor is represented by John M. Powers, Esq. FRAZER SCHOOL: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Frazer School, Inc. d/b/a The Frazer School d/b/a Frazer School Inc. 4700 NW 89 Blvd Gainesville, FL 32606 Business Description: The Frazer School is a private K–12 school based in Gainesville, Florida. Established in 2024, the school provides elementary and secondary education, including core subject instruction and course offerings across Advanced Placement, honors, and competition courses. It also offers clubs and sports, tutoring, and student-run summer camps, including a Prealgebra Camp for rising fifth through ninth graders in Alachua County. Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Northern District of Florida Case No.: 26-10181 Debtor's Counsel: Steven M Berman, Esq. SHUMAKER LLP 101 E Kennedy Blvd Tampa, FL 33602 Tel: (813) 229-7600 E-mail: sberman@shumaker.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Olanrewaju Fayiga as principal and board member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RXEQR6A/Frazer_School_Inc__flnbke-26-10181__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Edge Content LLC $500,000 c/o Ethan Fieldman 2510 NW 16th Ave Gainesville, FL 32605 2. Gainesville Regional Utilities $18,955 301 SE 4th Avenue Gainesville, FL 32601 3. Han Yi $65,000 8052 SW 86th Way Gainesville, FL 32608 4. Hongtao Liu $50,000 8936 SW 11th Avenue Gainesville, FL 32607 5. Internal Revenue Service $575,025 PO Box 7346 Philadelphia, PA 19104 6. James Moore & Co $52,988 5931 NW 1st Pl Gainesville, FL 32607 7. James Schrader $250,000 13226 SW 1st Place Newberry, FL 32669 8. Jing Xue $50,000 7869 SW 85th Terrace Gainesville, FL 32608 9. Kandru Challa $50,000 2257 NW 31st Avenue Gainesville, FL 32607 10. Khare Nirkhiwale $50,000 4337 NW 35th Terrace Gainesville, FL 32605 11. Kurt and Brittany Dudas $3,175,000 1031 SW 131st Street Newberry, FL 32669 12. Marchick $50,000 13148 SW 3rd Lane Newberry, FL 32669 13. My T Thai $50,000 6726 NW 81 Blvd Gainesville, FL 32653 14. Patel Tatlor $50,000 14715 NW 50th Place Alachua, FL 32615 15. Peng Lu $300,000 3880 SW 106 Street Gainesville, FL 32608 16. Rashwin $25,000 540 NW Savannah Circle Lot 18 Lake City, FL 32055 17. Riu Liu $50,000 10526 SW 22nd Ave Gainesville, FL 32607 18. Southern Touch Cyber Services $18,189 9200 NW 39th Ave Suite 130-3125 Gainesville, FL 32606 19. Yifan Wang $200,000 8453 NW 64th Ln Gainesville, FL 32653 20. Ziwei Lu $100,000 1126 NW 57th Street Gainesville, FL 32605 FTX TRADING: Exec's Wife Ordered to Face Campaign Finance Charges ----------------------------------------------------------------- Hailey Konnath of Law360 Bankruptcy Authority reports that a federal judge in New York has rejected Michelle Bond's attempt to throw out campaign finance charges, ruling that the indictment against the crypto lobbyist may proceed. Bond contended that prosecutors had previously promised her husband, former FTX executive Ryan Salame, that she would not face criminal charges. The court was not persuaded by that argument, determining that the alleged assurances did not justify dismissing the case. Prosecutors maintain that Bond engaged in unlawful campaign finance conduct and that the charges were properly brought, according to report. As a result of the ruling, Bond remains subject to the indictment and must continue defending against the allegations. The decision keeps intact a high-profile case arising from scrutiny of political contributions connected to the cryptocurrency sector, the report cites. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on November 9, 2025 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FTX TRADING: Genesis Digital Escapes $1B Chapter 11 Clawback Claim ------------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that the FTX Recovery Trust has abandoned a $1.15 billion fraudulent transfer action against Genesis Digital Assets, ending litigation that began in Delaware bankruptcy court last fall. The lawsuit sought to recover funds allegedly transferred before FTX's bankruptcy filing. According to court records, the trust filed a notice dismissing the case, bringing the high-stakes dispute to a close. While the filing does not provide extensive details, the move eliminates one of the trust's largest pending recovery actions involving a crypto mining company. The trust was created under FTX's confirmed Chapter 11 plan to investigate and pursue claims that could increase distributions to creditors. Even with the dismissal, the trust continues to manage a broad range of litigation aimed at recovering assets connected to the failed cryptocurrency platform, the report states. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. GENPREX INC: Receives Nasdaq Delisting Notice --------------------------------------------- Genprex Inc. received a Nasdaq delisting determination after its common stock closed below the $1 minimum bid price for 30 consecutive business days, the company disclosed in a Form 8-K filed with the Securities and Exchange Commission. The company said Nasdaq staff found it ineligible for a 180-day compliance period because Genprex completed a reverse stock split Oct. 21, 2025. Nasdaq rules make certain companies ineligible for a compliance period if they completed a reverse split during the prior year. Genprex said it intends to request a hearing before a Nasdaq Hearings Panel, which would automatically stay any suspension or delisting action pending the hearing and any additional extension period granted by the panel. The company said it may consider options including another reverse stock split, if necessary. About Genprex Genprex, Inc., based in Austin, Texas, is a clinical-stage gene therapy company developing gene-based therapies for cancer and diabetes, including its lead oncology drug candidate REQORSA Gene Therapy. WithumSmith+Brown, PC, which has served as Genprex's auditor since 2023, included a going-concern paragraph in its March 30, 2026, audit report, citing an accumulated deficit and significant operating losses and negative cash flows from operations since inception. As of March 31, 2026, Genprex, Inc. reported total assets of $20.31 million, total liabilities of $3.38 million and stockholders' equity of $16.93 million. GLASS MANAGEMENT: Court Extends Cash Collateral Access to July 1 ---------------------------------------------------------------- Glass Management Services, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use the cash collateral of Old National Bank. The court extended the Debtor's authority to use cash collateral to July 1 to pay expenses in accordance with its budget, which projects total operational expenses of $204,769.67 for June. Spending must not exceed 110% of the total amount set forth in the budget. Old National Bank's interest in the assets will be protected by replacement liens on post-petition assets. The bank will also be granted a superpriority administrative expense claim in case of diminution in value of its collateral and will continue to receive monthly payments of $30,000 from the Debtor, which the bank can automatically debit from the Debtor's account. The monthly payments started in December last year. As further protection, the Debtor was ordered to keep the bank's collateral insured. The next hearing is scheduled for July 1. Old National Bank is the holder of two loans made to the Debtor. The loans are secured by a first priority security interest over all business assets of the Debtor granted to the bank. As of September 25, 2024, the balance due in the aggregate against each of the loans was not less than $4,046,480.56. About Glass Management Glass Management Services, Inc. is a construction contractor based in Illinois, specializing in glazing services. Established with a focus on high-profile projects, the company has been involved in significant developments, including the Obama Presidential Library, Terminal 5 at O'Hare Airport, and multiple Chicago Public Schools and CTA transit stations. Glass Management Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-14036) with $3,029,997 in assets and $11,989,444 in liabilities. Ernest B. Edwards, president of Glass Management Services, signed the petition. Judge Janet S. Baer presides the case. The Debtor tapped David P. Leibowitz, Esq., at Leibowitz, Hiltz & Zanzig, LLC as bankruptcy counsel and Allocco, Miller & Cahill, PC as special labor counsel. Old National Bank, as secured creditor, is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com GOLDENPEAKS POLAND: Court OKs Interim DIP Loan From Brookfield -------------------------------------------------------------- GoldenPeaks Poland Holding Ltd and affiliates received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral and obtain debtor-in-possession financing to get through bankruptcy. The financing is a junior secured superpriority DIP credit facility to be provided by funds and accounts managed by Brookfield Asset Management Limited and its affiliates, with one of these affiliates acting as administrative agent and collateral agent. The DIP loan consists of up to $150.7 million in new-money, delayed-draw term loans alongside a $12.1 million cashless "roll-up" to refinance outstanding principal from pre-petition incremental lending facilities. Out of the new money commitments, an aggregate of $92.9 million is designated as discretionary delayed draws, which require the prior written consent of the lenders and must be used strictly for building, construction, and development expenses under an approved budget. The DIP loan bears interest at 13.00% per year. If an event of default occurs and continues, an additional 3.00% default interest applies, increasing the rate to 16.00% per year. In exchange for this vital funding injection, the Debtors will grant Brookfield allowed superpriority administrative expense claims and automatically perfected liens on DIP collateral, subject only to a standard professional fee carveout. The DIP loan matures on the earliest occurrence of any of the following: (i) three months after closing of the DIP facility; (ii) sale of all or a material portion of the borrowers' assets (including an approved sale); (iii) confirmation and effectiveness or substantial consummation of a Chapter 11 plan of reorganization; (iv) conversion of any borrower's bankruptcy case to Chapter 7 liquidation; (v) acceleration or termination of the DIP facility, including due to an event of default; (vi) three business days after the petition date if the interim DIP order has not been entered; or (vii) 35 days after the interim order if the final DIP order has not been entered. Upon the maturity date, the DIP loan and related obligations must be repaid in full, in cash. The DIP loan can be used not only to support the Debtors' operations and bankruptcy administration but also to pay the DIP lenders' fees and transaction-related costs. The financing includes milestones that, if a sale process is pursued, require the Debtors to obtain court approval of both the bidding procedures and the sale transaction. The order is available at http://bankrupt.com/misc/GOLDENPEAKS_IDIPOrder.pdf The court scheduled a final hearing for June 30 and set a June 23 deadline for filing objections. Operating out of Houston, Texas, GoldenPeaks is a major independent renewable energy power producer in Eastern Europe and the largest owner of utility-scale solar photovoltaic assets in Poland. Following their Chapter 11 bankruptcy filing on May 29, 2026, GoldenPeaks and its affiliates are operating as debtors-in-possession. They are seeking to transition operational and governance control away from their historical parent group. As of the petition date, GoldenPeaks faces approximately $952 million in total funded debt, structurally organized into $473 million of senior secured operating company debt, $185 million of mezzanine secured debt, and $294 million of junior secured debt. Brookfield, as DIP lender, is represented by: PORTER HEDGES LLP John F. Higgins, Esq. M. Shane Johnson, Esq. James A. Keefe, Esq. 1000 Main Street, 36th Floor Houston, TX 77002 Telephone: (713) 226-6000 Facsimile: (713) 226-6248 jhiggins@porterhedges.com sjohnson@porterhedges.com jkeefe@porterhedges.com -- and -- MILBANK LLP Dennis F. Dunne, Esq. Evan R. Fleck, Esq. Zachary W. Singer, Esq. 55 Hudson Yards New York, New York 10001 Telephone: (212) 530-5000 Facsimile: (212) 530-5219 ddunne@milbank.com efleck@milbank.com zsinger@milbank.com -- and -- MILBANK LLP Andrew M. Leblanc, Esq. 1101 New York Avenue NW Washington DC 20005 Telephone: (202) 835-7500 Facsimile: (202) 263-7586 aleblanc@milbank.com About GoldenPeaks Poland Holding Ltd GoldenPeaks Poland Holding, Ltd is a renewable energy group headquartered in Pieta, Malta. The company owns, builds, and optimizes renewable energy projects, producing power through arrangements including government and corporate power purchase agreements. Its activities include project development, engineering, construction, operations and maintenance, Green Credit trading, and support services for renewable energy operations. The group operates a renewable energy platform in Eastern Europe, including utility-scale solar photovoltaic assets in Poland, and is developing energy storage systems to supplement its existing assets. GoldenPeaks and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 26-90564) on May 29, 2026. In the petition signed by Jame Donath, non-executive director, GoldenPeaks reported assets of between $1 billion and $10 billion and liabilities of between $500 million and $1 billion. disclosed up to $10 billion in both assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Pachulski Stang Ziehl & Jones, LLP as bankruptcy counsel and Kroll Restructuring Administration, LLC as claims, noticing, and solicitation agent. GUNTER LAND: Court OKs Alstyne Property to National Development --------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, has granted Gunter Land NTX, LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor seeks an order approving the Lot Purchase Agreement and the sale of 81 of Gunter's vacant residential Panther Trail Lots to Oak National Development LLC free and clear of all liens, claims, encumbrances, and interests. The total purchase price is $13,567,500. Gunter is a single asset real estate owner, and owns a tract of land commonly referred to as the Panther Trail Addition, consisting of 81 vacant residential lots, one commercial lot, and one existing residential home in the City of Van Alstyne, Texas. The Debtor's Panther Trail development included: land grading, building pads; compacting soil; and installation of sewage collection systems, water source and distribution systems, storm drainage systems, paved streets, underground electrical and gas service, telecommunication service, street light, CBU mailboxes, entry monuments, and retaining walls. The Court has authorized the Debtor to sell the Property to National Development LLC. Gunter has articulated good and sufficient business reasons for Gunter to enter into and perform under the Lot Purchase Agreement. The consideration to be provided by Oak National pursuant to the Lot Purchase Agreement is fair and reasonable, is the highest or otherwise best offer for the Purchased Lots, and constitutes reasonably equivalent value and fair consideration for the applicable Purchased Lots. Oak National has proceeded in good faith in all respects in connection with the proceeding. At least three business days prior to each successive Closing of the Sale, the Debtor shall send to counsel for Cadence Bank and Silver Spur Investments, LLC, and file with the Court, a pro-forma notice containing proposed payments from Sale proceeds. The consideration provided by Oak National under the Lot Purchase Agreement constitutes reasonably equivalent value, fair consideration, and fair value for the Purchased Lots under the Lot Purchase Agreement and may not be avoided under any fraudulent conveyance or similar law or theory. The Lot Purchase Agreement and the Sale are undertaken by Oak National without collusion and in good faith About Gunter Land NTX, LLC Gunter Land NTX, LLC is a Dallas-based real estate company associated with property ownership and land-related activity in North Texas. The company, whose listed address is in Dallas, is linked to property in Van Alstyne, Grayson County, Texas. Gunter Land NTX, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-41416) on April 24, 2026, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. The petition was signed by Donald Craig Barrow as authorized member. Eric T. Haitz, Esq. at BONDS ELLIS EPPICH SCHAFER JONES LLP serves as the Debtor's counsel. HALLMARK FINANCIAL: Seeks Chapter 11 w/ Prepacked Plan, $134MM Debt ------------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that Hallmark Financial Services has entered Chapter 11 proceedings in Texas with a prepackaged restructuring plan targeting roughly $134 million in outstanding debt. The insurer is weighing options that include a potential sale of the company or another form of going-concern resolution. The company's plan is designed to move quickly through bankruptcy with the backing of certain creditors, reducing uncertainty and allowing for a more efficient restructuring process. The proposal seeks to preserve value while addressing its financial liabilities in an orderly manner, the report cites. If approved, the plan would enable Hallmark to either transition to new ownership or complete a restructured emergence from bankruptcy. The process now moves forward under court supervision, according to Law360. About Hallmark Financial Services Inc. Hallmark Financial Services Inc. is a U.S.-based insurance holding company engaged in providing specialty property and casualty insurance products through its operating subsidiaries. The company has historically focused on niche commercial insurance markets, including transportation, general liability, and other specialty lines. Hallmark Financial Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case. 26-80007) on June 15, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Michelle V. Larson handles the case. The Debtor is represented by Aaron Michael Kaufman, Esq. of Gray Reed & Mcgraw LLP. HARVEST SHERWOOD: Secures Court OK for $150MM Replacement DIP ------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Harvest Sherwood Food Distributors secured court approval Wednesday for $150 million in new Chapter 11 financing and a set of bidding procedures that will govern the sale of its assets. The Texas bankruptcy judge found that the proposed financing and auction framework were appropriate under the circumstances. The company said the funding is necessary to maintain business operations and support the restructuring process while it seeks potential purchasers. The approved bidding procedures are designed to encourage competitive participation and enhance recoveries for creditors, the report relays. As the bankruptcy case moves forward, Harvest Sherwood will market its assets and prepare for a possible auction. The outcome of the sale process is expected to play a central role in determining the company's path out of Chapter 11, the report cites. About Harvest Sherwood Food Distributors Harvest Sherwood is a U.S.-based national food distribution company formed through the merger of Sherwood Food Distributors and Harvest Food Distributors. It operates 14 distribution centers and delivers over 32 million pounds of food weekly to customers including retailers, cruise lines, and food service providers. In early 2025, the Company initiated the wind-down of its operations and is pursuing asset sales through Chapter 11 proceedings to facilitate an orderly wind down of its estates. On May 5, 2025, Harvest Sherwood Food Distributors, Inc., and its affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 25-80109). The Hon. Stacey G. Jernigan is the case judge. Harvest Sherwood listed $1 billion to $10 billion in assets against $500 million to $1 billion in liabilities as of the bankruptcy filing. The Debtors tapped Sidley Austin LLP as general bankruptcy counsel, MERU, LLC, as financial advisor, and Hilco Commercail Industrial LLC and Hilco Receivables, LLC, as restructuring advisor. EPIQ Corporate Restructuring, LLC, is the claims agent. The official committee of unsecured creditors retained McDermott Will & Emery LLP as counsel and Province, LLC as financial advisor. HASSAN AND SONS: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Hassan and Sons Development Inc. 227-02 112th Avenue Queens Village, NY 11429 Business Description: Hassan and Sons Development Inc. is a single-asset real estate entity (as defined in 11 U.S.C. Section 101(51B)). Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-42891 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Joshua R. Bronstein, Esq. JOSHUA R. BRONSTEIN & ASSOCIATES, PLLC 114 Soundview Drive Port Washington NY 11050 Tel: 516-698-0202 Email: jbrons5@yahoo.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Abdulla Hassan as owner and president. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5LMOFNA/Hassan_and_Sons_Development_Inc__nyebke-26-42891__0001.0.pdf?mcid=tGE4TAMA HAYDEE'S CAFE: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The United States Bankruptcy Court for the Northern District of Georgia entered an interim order authorizing Haydee's Cafe LLC to use cash collateral during its Chapter 11 bankruptcy case. The Debtor is authorized to use cash collateral as set forth herein from the date of the entry of this Order through and including the date of the final hearing on the cash collateral Motion. The Interim Period may be extended by further order of the Court. As adequate protection for the use of cash collateral, lenders and any other secured creditors are granted automatically perfected replacement liens on post-petition assets of the same nature as their alleged prepetition collateral, but only to the extent of any diminution in value resulting from the debtor's use of cash collateral. These adequate protection liens do not attach to proceeds of avoidance actions under Chapter 5 of the Bankruptcy Code. The order expressly preserves all parties' rights regarding the validity, priority, and enforceability of the lenders' claims and liens. The interim authorization remains effective through the final hearing, where the court will consider continued use of cash collateral and any objections. A final hearing is scheduled for June 30. About Haydee's Cafe LLC Haydee's Cafe, LLC is a Gainesville, Georgia restaurant operating since 2016. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-20624) on April 24, 2026. In the petition signed by Luis Sepulveda, president, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. HIGHPOWER INTERNATIONAL: Investor Seeks Receiver for Defunct Firm ----------------------------------------------------------------- Jarek Rutz of Law360 Bankruptcy Authority reports that the former shareholder of Highpower International Inc. has urged the Delaware Chancery Court to appoint a receiver to take control of the dissolved company's remaining assets, arguing that valuable property and potential claims may have been improperly transferred. The investor claims court oversight is needed to protect stakeholder interests. Court filings allege that the battery manufacturer stripped itself of assets and failed to preserve value that could otherwise benefit shareholders. The proposed receiver would be tasked with examining corporate records, evaluating transactions and pursuing any viable recovery actions. The petition opens a new chapter in disputes surrounding Highpower's dissolution and asset management. Delaware's Chancery Court must now decide whether the circumstances warrant placing the company's remaining affairs in the hands of an independent receiver, the report states. About Highpower International Highpower International, Inc. (NASDAQ: HPJ), together with its subsidiaries, produces and sells nickel-metal hydride (Ni-MH) rechargeable batteries. The company operates in three segments: Lithium Business, Ni-MH Batteries and Accessories, and New Material. It offers Ni-MH rechargeable batteries in AA, AAA, 9V, C, D, and SC sizes in blister packing, as well as chargers and battery packs. Highpower International, Inc., was founded in 2001 and is headquartered in Shenzhen, the People's Republic of China. HUNTSMAN CORP: S&P Places 'BB' ICR on CreditWatch Developing ------------------------------------------------------------ S&P Global Ratings placed its ratings on Huntsman Corp. and Olin Corp., including its 'BB' issuer credit ratings, on CreditWatch with developing implications. S&P plans to resolve the CreditWatches when the deal closes in the first half of 2027. Huntsman Corp. and Olin Corp. announced a merger of equals in a stock-for-stock exchange. The company will be renamed OlinHuntsman Corp., headquartered in The Woodlands, Texas. While management expects the combination to provide $400 million of synergies and integration benefits, realization will take many years amid persistent soft demand. S&P said, "The CreditWatch reflects that we will raise, lower, or affirm our ratings. We expect the merger of Huntsman and Olin to close in the first half of 2027. It is too soon to indicate a definitive outcome because we need to further evaluate considerations related to demand trends, the likelihood and pace of synergy capture, and financial policies to govern the capital structure of the new entity. We expect more details and to undertake a more comprehensive evaluation of the pro forma credit profile closer to close. "Credit measures will appear weak at the outset but improve. As the new entity realizes synergies and end markets improve, we expect the combined company to generate close to $13 billion of revenue and $1.1 billion of S&P Global Ratings-adjusted EBITDA by Dec. 31, 2026. This would result in an adjusted debt-to-EBITDA ratio of 5.4x and funds from operations (FFO) to debt of 13%. Assuming the company achieves $300 million of synergies by 2029, adjusted leverage would improve to the mid-4x area and FFO to debt to the high end of the 15%-20% range (with modest organic sales growth and solid margin expansion). "We plan to resolve the CreditWatch when the deal closes in the first half of 2027. We will review terms of management's financing plan; assess business risks, opportunities, and cash flow characteristics of the combined entity; and evaluate OlinHuntsman's financial policies. We could raise, lower, or affirm our ratings. We believe an upside or downside move would be limited to one notch." HYDROTECH INC: Involuntary Chapter 11 Case Summary -------------------------------------------------- Alleged Debtor: HydroTech, Inc. 8150 North Central Expressway, 10th Floor Dallas TX 75206 Business Description: HydroTech, Inc is a Dallas, Texas-based water and energy conservation firm serving commercial, industrial, and government facilities markets. The company provides water conservation technologies for cooling towers and boilers, IoT data collection, cloud-based analytics, electronic water conditioning, water capture and filtration systems, closed loop treatment programs, reverse osmosis treatment support, membrane cleaning, and water and wastewater chemical programs. Involuntary Chapter 11 Petition Date: June 9, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-32563 Petitioners' Counsel: Jeff Caruth, Esq. CONDON TOBIN SLADEK SPARKS NERENBERG, PLLC 8080 Park Lane, Suite 700 Dallas, TX 75231 Tel: 214-265-3834 Email: jcarruth@condontobin.com A full-text copy of the Involuntary Petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/MGKVFDA/HydroTech_Inc__txnbke-26-32563__0001.0.pdf?mcid=tGE4TAMA Alleged creditors who signed the petition: Petitioner Nature of Claim Claim Amount Bankruptcy Trading & Promissory Note $649,972 Investments, LLC in Default 6855 Colfax Dallas TX 75231 VTH Law Group, PLLC Legal Services $45,200 2911 Turtle Creek Blvd. Suite 300 Dallas TX 75219 Jeffrey Kennedy Accounting $1,611 5722 Gaston Avenue C Services Dallas Texas 75206 INNOVATIVE INDUSTRIAL: All Five Proposals Passed at Annual Meeting ------------------------------------------------------------------ Innovative Industrial Properties, Inc. held its Annual Meeting at which the stockholders voted on proposals as follows: Proposal 1: Election of five directors, each to serve until the 2027 annual meeting of stockholders and until his successor is duly elected and qualified. 1. Alan Gold * Votes For: 15,158,881 * Votes Withheld: 1,718,472 * Broker Non-Votes: 4,992,391 2. Scott Shoemaker * Votes For: 10,281,923 * Votes Withheld: 6,595,430 * Broker Non-Votes: 4,992,391 3. Paul Smithers * Votes For: 16,624,187 * Votes Withheld: 253,166 * Broker Non-Votes: 4,992,391 4. David Boyle * Votes For: 15,237,646 * Votes Withheld: 1,639,707 * Broker Non-Votes: 4,992,391 5. Bruce Ives * Votes For: 16,550,854 * Votes Withheld: 326,499 * Broker Non-Votes: 4,992,391 Proposal 2: Ratification of the appointment of BDO USA, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2026. * Votes For: 21,610,111 * Votes Against: 179,893 * Abstentions: 79,740 * Broker Non-Votes: N/A Proposal 3: Approval of the adoption the Innovative Industrial Properties, Inc. 2026 Omnibus Incentive Plan, which replaces the previously existing Innovative Industrial Properties, Inc. 2016 Omnibus Incentive Plan. Accordingly, the Prior Plan has been terminated as of June 9, 2026; however, the terms and conditions of the Prior Plan will continue to govern any outstanding awards granted thereunder. Upon recommendation of the Company's compensation committee, the Company's board of directors approved the 2026 Plan on April 20, 2026, subject to stockholder approval at the Annual Meeting. Subject to adjustments for changes in capitalization and the 2026 Plan's share counting and recycling provisions, as of June 9, 2026, an aggregate of 1,250,000 shares of the Company's common stock may be issued pursuant to awards granted under the 2026 Plan. Officers, employees, consultants and advisors of the Company and its affiliates, as well as members of the Company's board of directors, are eligible to participate in the 2026 Plan. The 2026 Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, cash incentive awards, dividend equivalent units, and other stock-based awards. Full text copy the 2026 Plan is available at https://tinyurl.com/4hb3uyj8 * Votes For: 13,306,826 * Votes Against: 3,466,132 * Abstentions: 104,395 * Broker Non-Votes: 4,992,391 Proposal 4: Advisory vote on the compensation of the Company's named executive officers. * Votes For: 10,666,254 * Votes Against: 6,025,986 * Abstentions: 185,113 * Broker Non-Votes: 4,992,391 Proposal 5: Advisory vote on the frequency of future advisory votes on the compensation of the Company's named executive officers. * One Year: 10,666,254 * Two Years: 6,025,986 * Three Years: 504,627 * Abstentions: 188,159 * Broker Non-Votes: 4,992,391 About Innovative Industrial Properties Inc. Innovative Industrial Properties, Inc. is an internally-managed REIT focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are primarily leased to experienced, state-licensed operators for their regulated cannabis facilities. The Company have acquired and intend to continue to acquire its properties through sale-leaseback transactions and third-party purchases. The Company have leased and expects to continue to primarily lease its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, real estate taxes and insurance. The Company's independent auditor, Sadler, Gibb & Associates, LLC, based in Draper, Utah, and serving since 2018, included a "going concern" qualification in its report dated February 24, 2026, citing the Company's significant outstanding debt obligation that matures within the next 12 months raises substantial doubt about the Company's going concern. As of March 31, 2026, the Company had $2.4 billion in total assets, $499.4 million in total liabilities, and $1.9 billion in total stockholders' equity. JAMP STOKESBURY: UCC Public Sale Scheduled for June 19 ------------------------------------------------------ AuctionWorks, on behalf of the Secured Party, will offer for sale at a public auction under Article 9 of the Uniform Commercial Code certain limited partnership interests in Jamp Stokesbury, LP. The sale will be conducted virtually via Zoom. Instructions on how to register to become a qualified bidder and attend the auction are outlined in the Auction Terms & Conditions available at https://auctions.awproperties.com/product/ucc-sale-of-limited-partnership-interests-in-jamp-stokesbury-lp or by contacting Diana Peterson, AuctionWorks, at dianap@awproperties.com. Qualification Deadline: June 16, 2026, at 12:00 noon Eastern Time Auction Date: June 19, 2026, at 11:15 a.m. Eastern Time AuctionWorks is a division of AW Properties Global, LLC. JOHN FITZGIBBON: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- John Fitzgibbon Memorial Hospital, Inc. and Fitzgibbon Health Services received third interim approval from the U.S. Bankruptcy Court for the Western District of Missouri to use cash collateral. Under the third interim order, the Debtors are authorized to use cash collateral in accordance with an approved budget, subject to a variance of 15% on an aggregate, carry-forward basis. The Debtor projects 13-Weeks total operational expenses of $19,574. As adequate protection, the court granted prepetition secured parties continuing replacement liens on substantially all post-petition assets, including accounts receivable, inventory, deposit accounts, general intangibles, proceeds, and post-petition cash collateral, while excluding Chapter 5 avoidance actions and related proceeds. The replacement liens automatically maintain the same validity, enforceability, and priority as the secured parties' prepetition liens. The order also preserves the rights of UMB Bank, N.A., acting as successor to The Bank of New York Mellon Trust Company, N.A. as master trustee, and Community Bank of Marshall to seek additional adequate protection or object to final cash collateral relief. The order further requires the debtors to maintain insurance on collateral, preserve collateral value, and make monthly adequate protection interest payments of $5,620.20 to Community Bank of Marshall until the related collateral is transferred, sold, or stay relief is granted. A final hearing on the cash collateral motion is schedule by subsequent notice. The order is available at https://shorturl.at/LNKcn from PacerMonitor.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. JTBOL ENTERPRISES: Seeks Subchapter V Bankruptcy in Texas --------------------------------------------------------- On June 12, 2026, JTBOL Enterprises LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Texas. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) meeting to be held on July 21, 2026 at 03:00 PM by TELEPHONE. Deadline for filing the Chapter 11 Small Business Subchapter V Plan is September 10, 2026. Government Proofs of Claim must be filed by December 9, 2026. About JTBOL Enterprises LLC JTBOL Enterprises LLC is a privately held limited liability company engaged in commercial business activities. The bankruptcy filing provides limited public information regarding the company's specific operations, products, or services. JTBOL Enterprises LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42603) on June 12, 2026. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Alvin Q. Malone, Esq., of Law Offices of Al Malone. KARTOON STUDIOS: Settling Parties to Pay $28.48 Million ------------------------------------------------------- Five settling parties agreed to pay Kartoon Studios, Inc. $28.48 million, less plaintiff counsel fees and expenses, under settlements in a New York federal case, according to a Form 8-K filed with the SEC. The agreements were entered from June 2 through June 5 in Augenbaum v. Anson Investments Master Fund LP et al., Case No. 1:22-CV-00249-AS, pending in the U.S. District Court for the Southern District of New York. The filing said the settlements are subject to certain terms and conditions and include mutual releases. The court approved settlement agreements with three of the settling parties on June 2 and June 4. The remaining two settlement agreements are pending court approval. About Kartoon Studios, Inc. Headquartered in Beverly Hills, Calif., Kartoon Studios, Inc., formerly Genius Brands International, Inc., is a content and brand management company focused on children's multimedia animated content. The company creates, produces, licenses, and distributes animated content, develops original intellectual property, and provides third-party IP production services. Kartoon Studios also operates owned VOD and subscription streaming services, media and marketing agency services, and content monetization activities including advertising, merchandising, and licensing. Its activities serve children's entertainment, family audiences, streaming platforms, linear television, and third-party networks globally. In a report dated March 30, 2026, WithumSmith+Brown, PC included an explanatory paragraph relating to Kartoon Studios' ability to continue as a going concern. The auditor-cited conditions included recurring losses and negative cash flows from operations since inception and expectations that the company would continue incurring losses and negative cash flows. As of March 31, 2026, the company reported total assets of $63.57 million, total liabilities of $40.98 million and total stockholders' equity of $22.59 million. KESOS LLC: Initiates Chapter 7 Bankruptcy in California ------------------------------------------------------- On June 11, 2026, Kesos, LLC, filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of California. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. About Kesos, LLC Kesos, LLC is a privately held limited liability company. The bankruptcy filing provides limited public information regarding the company's operations, products, services, or business activities. Kesos, LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41205) on June 11, 2026. In its petition, the Debtor reports estimated assets ranging from $0 to $100,000 and estimated liabilities between $100,001 and $1 million. Honorable Bankruptcy Judge Dennis Montali handles the case. KOHL'S CORP: S&P Alters Outlook to Stable, Affirms 'B+' ICR ----------------------------------------------------------- S&P Global Ratings revised its outlook on department store chain Kohl's Corp.'s to stable from negative and affirmed all of its ratings, including the 'B+' issuer credit rating. The stable outlook reflects S&P's expectation for revenue declines to continue to moderate as it executes on its strategy leading to consistent credit metrics of leverage near 4x and free operating cash flow of $500 million in 2026. Kohl's Corp. is showing signs of stabilization as revenue declines narrow due to a renewed focus on private brands. S&P said, "We now forecast S&P Global Ratings-adjusted leverage near 4x and free operating cash flow (FOCF) of $500 million in fiscal 2026. "As a result, we revised our outlook on Kohl's to stable from negative and affirmed all of our ratings, including the 'B+' issuer credit rating. "The outlook revision to stable reflects slightly improving operating performance. We do not forecast that Kohl's credit metrics will deteriorate in fiscal 2026." It reported 17 consecutive quarters of top-line and comparable sales declines due to prior strategy misses, increased competition, and pressure on its lower-income customer demographic. For the first quarter ended May 2, 2026, comparable same-store sales declined 1.1%, an improvement from a 2.8% decline in the fourth quarter of 2025 and its best performance in four years. Improvement was supported by a 4% increase in digital sales and approximately 6% comparable sales growth in proprietary brands, which helped offset broader softness with value to price-sensitive consumers. Kohl's card customer cohort also improved, with comparable sales returning to flat, signaling a reengagement of the company's most loyal customer base. These improvements were partially offset by a decline in store traffic and lower transaction counts. Core low- to middle-income consumers remain financially strained by inflationary pressures on essentials, limiting discretionary spending. Furthermore, the Sephora business declined at a low-single-digit percent after previously serving as a primary driver. Despite some weakness in the beauty category this quarter, S&P views the Sephora partnership as a strategic pillar and a fresh offering. S&P said, "Our assessment of Kohl's competitive position is constrained. We view Kohl's as weaker than similarly rated peers given its loss of market share and revenue declines. Kohl's is still sizable, but prior to the COVID-19 pandemic it generated nearly $19 billion of net sales annually. Net sales has declined to near $15 billion, matching performance during the pandemic (2020-2021) when stores closed, from the post-pandemic recovery peak of $18.4 billion in fiscal 2021. We forecast a revenue decline of 2% for fiscal 2026 and flat in 2027, tempered by persistent risks including continued pressure on consumer demand and a challenging macroeconomic environment. We continue to view Kohl's competitive position as weaker than those of peers such as Macy's and Nordstrom. We apply a negative comparable ratings modifier to Kohl's. "We view the strategic continuity under CEO Michael Bender as a constructive move toward stability, but do not forecast a return to revenue growth in the near term. We believe Kohl's increasingly competes with off-price retailers such as TJX, Ross, and Burlington rather than traditional department store peers Macy's and Nordstrom, which also serve higher-income consumers." The off-price sector is expanding quickly as both TJX and Ross add over 100 new stores this year, with limited e-commerce sales. Off-price inventory is inherently lower-priced, and the model benefits from the lack of price transparency due to limited online sales and faster inventory turns. These dynamics combined with Kohl's prior strategies have enabled off-price retailers to take share and be top considerations for value-seeking consumers. Kohl's is increasingly focused on trip assurance of basics inventory and a seamless shopping experience between its e-commerce channel and its store footprint. S&P said, "Furthermore, we believe Kohl's continues to take the necessary steps to optimize its performance through improved store assortment, layout, and more targeted promotional strategies. However, it must establish a record of successful execution and a return to revenue improvement before we can view Kohl's competitive position more favorably." Kohl's will likely repay its expensive secured debt when callable in fiscal 2027. Kohl's issued $360 million of senior secured notes at a 10% interest rate in 2025. S&P said, "We believe it will likely use cash in fiscal 2026 to repay the expensive secured notes, eliminating restrictions on the company's shareholder returns. Our base-case assumption includes a return to share repurchases in 2027 and a modest dividend increase after a 75% cut in 2025. Kohl's next sizable upcoming debt maturities include $360 million in 2030, $381 million in 2031, and $108 million in 2033. Kohl's is buying back its debt on the open market opportunistically because some of its unsecured notes are trading at a discount to par." The company could use FOCF to repay its upcoming maturity walls, but that will also depend on its ability to sustain cash flow and allocate it toward debt repayment over shareholder returns. S&P said, "We expect continued cash flow from operations of $900 million in 2026. Lean inventory management will be the primary factor while Kohl's posts $400 million of capital expenditures (capex) and increases it over time with investments in store renovations and technology. The company has been spending under its $700 million annual depreciation and amortization. It has applied for tariff refunds, which are not included in our base case. We expect it would use any refund to reinvest in the business and are uncertain how much profitability and cash flow will benefit in 2026 and 2027. "Our management and governance assessment remains moderately negative. Kohl's has changed CEOs and business strategy frequently the last few years. We view management instability and strategy shifts as raising concerns over the company's ability to stabilize operating performance in a mature business model in a highly competitive industry." Mr. Bender has been in place for under a year (was interim CEO prior) and was on the board of directors since 2019. The current strategy includes increasing private label offerings and reducing national brands, fixing coupon issues that offer an opening price for target customers, investing in a seamless online to in-store experience, and bringing back categories such as petite clothing and jewelry that were removed to fit Sephora into stores. Operating leases constrain Kohl's credit metrics. It renewed most of its store leases when adding Sephora locations. These long-term leases added $5.6 billion to our adjusted debt balance in 2022, an increase from $4.8 billion the year prior and $4.2 billion in fiscal 2019. The higher liabilities coincided with missteps and sales declines, deteriorating credit metrics. The company's lease liabilities represent about three turns of its 4x leverage ratio. S&P continues to net cash against its funded debt balance. S&P said, "The stable outlook on Kohl's reflects our forecast for Kohl's revenue declines to continue to moderate this because of improvements in its strategy execution. It incorporates our forecast for a low-single-digit percent revenue decline and focus on lean cost management, leading to consistent FOCF of $500 million in 2026. "We could lower our rating on Kohl's if we forecast leverage sustained over 5x or funds from operations (FFO) to debt below 12%." This could occur if: -- Operational missteps, increased competition or a worsening macroeconomic environment weaken performance compared with S&P's base case, further eroding sales, profitability, and cash flow; -- The company invests more in inventory, technology, and stores to reverse operating performance, weakening cash flow; or -- Capital allocation becomes unbalanced and prioritizes shareholder returns over investment in the business and debt repayment. S&P could raise the ratings on Kohl's if it sustains leverage below 4x, FFO to debt exceeds 20%, or it returns to revenue expansion and recaptures lost market share, leading S&P to view its competitive position more favorably. This could occur if: -- Operating performance improves from successful execution of its strategy, including a focus on private label brands and a value price offering; or -- Cash flow supports permanent funded debt reduction; or -- Capital allocation and financial policy support sustaining such metrics. KUBERA HOTEL: To Sell Hotel to Junjian Lushan Lu for $14MM ---------------------------------------------------------- Kubera Hotel Properties, LP, a California limited partnership, dba University Inn, seeks permission from the U.S. Bankruptcy Court for the Northern District of California, Oakland Division, to sell hotel real property, free and clear of liens, interests, and encumbrances. The Debtor's Property is located at 920 University Avenue, Berkeley, California 94710. The Hotel was built in 1967 and has 113 rooms. In 2007 Debtor entered into a 15 year flag agreement with La Quinta Inn. Operations for Debtor were successful until 2021 – 2023, and COVID. Debtor was unable to pay La Quinta Inn franchise fees owed from 2021 – 2023 and eventually La Quinta Inn sued Debtor. On January 9, 2019, Debtor entered into a loan with Wilmington Trust, N.A., totaling $10,500,000.00. Debtor defaulted on normal contractually due payments around September 2024. The Debtor wishes to sell the hotel Property to Junjian Lushan Lu for $14,500,001. The Debtor employs licensed real estate agent Eric Schulman with KW Commercial and commission of 3.00%. The commission fee shall be paid via escrow upon closing of the sale. If Debtor and the Buyer have decided to open an escrow to facilitate the sale of the Hotel and each of the Parties shall pay various expenses as provided in the Purchase Agreement. On June 12, 2026, the Debtor and Buyer, executed a Purchase Agreement for the sale and purchase of the Hotel. The Debtor has considered the likelihood and timing of consummation of the sale. The Buyer is committed and Buyer has asked for 45-day time period to remove all contingencies to close the sale on or before September 15, 2026. There are no viable alternatives to the proposed sale of the Hotel. Debtor is not generating sufficient income to continue to pay ongoing obligations in addition to the secured indebtedness owed to Wilmington Trust, N.A. The proposed sale of the Hotel maximizes the amount that Debtor, the bankruptcy estate, and its creditors will realize for the Hotel. The proposed sale is fair and reasonable and in the best interests of the bankruptcy estate and its creditors. About Kubera Hotel Properties LP Kubera Hotel Properties LP operates a 113-room hotel located at 920 University Avenue, Berkeley, California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-40996) on June 6, 2025. In the petition signed by Pradeep Kantilai T. Khatri, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Charles Novack oversees the case. Ryan C. Wood, Esq., at the Law Offices of Ryan C. Wood, Inc., represents the Debtor as bankruptcy counsel. LAGNIAPPE INVESTMENT: Unsecureds to Get $500 per Month in 60 Months ------------------------------------------------------------------- Lagniappe Investment Fund, LLC filed with the U.S. Bankruptcy Court for the Western District of Louisiana a Disclosure Statement describing Plan of Reorganization dated June 5, 2026. On June 28, 2019, Lagniappe Investment Fund, LLC was incorporated under the laws of Louisiana. The Debtor is a single asset real estate Debtor as that term is defined in Section 101 (51B) of the Bankruptcy Code. The Debtor operates a 100-unit apartment complex located at 220 Margaret Street, Breaux Bridge, Louisiana. The Debtor's sole income comes from the rents collected from the tenants of the apartment complex. Lagniappe Investment Fund, LLC is owned 100% by Open Doors Louisiana, Inc. Stephen Bartley is the executive director of Open Doors Louisiana, Inc. and runs the day-to-day operations of the Debtor. The Debtor's sole asset and sole source of income is the ownership and operation of the 100-unit apartment complex located at 220 Margaret Street, Breaux Bridge, Louisiana. On January 5, 2019 Lagniappe Investment Fund, LLC purchased the apartment complex for $2,660,000.00. The loan and mortgage for the purchase was provided by Louisiana HAC Holdings, LLC (hereafter "LHAC"). On November 13, 2025, LHAC commenced a foreclosure action against Lagniappe Investment Fund, LLC seeking a sheriff sale of the apartment complex. Lagniappe Investment Fund, LLC filed for relief under Chapter 11, Title 11 of the United States Bankruptcy Court on December 12, 2025 in order to stop the proposed sheriff sale. Allowed Unsecured Creditors are treated in Class 3. Class 3 consists of holders of all claims against the Debtor whose claims are not secured by any property of the estate nor are entitled to any priority in payment under the Bankruptcy Code. Included in this Class are unsecured claims held by Open Doors Louisiana, Inc. ($23,600.00), and Stephen Bartley ($59,250.00). If the Plan of Reorganization proposed by the Debtor is approved by this Court, Open Doors Louisiana and Stephen Bartley will all voluntarily subordinate their allowed unsecured claims to all other allowed unsecured claims and will receive no payment for their allowed unsecured claims until after all other allowed unsecured claims have been paid in full. Each holder of an Allowed Unsecured Claim will share pro rata in funds to be disbursed from the Creditors Pool. Beginning on the first day of the second month following the Effective Date the Debtor shall deposit the sum of at least $500.00 per month into an account to be known as the Creditors Pool. These contributions shall continue for sixty consecutive months or until all Allowed Unsecured Claims have been paid in full. Distributions from the Creditors Pool shall be made annually on the anniversary date of the first contribution made to the Creditors Pool by the Debtor. Class 4 consists of Equity Interests. On the Effective Date, the equity interests shall be retained in the same proportion as such equity interest holders held on the Effective Date. Payments and distributions under the Plan will be funded by future business operations of the Debtor. A full-text copy of the Disclosure Statement dated June 5, 2026 is available at https://urlcurt.com/u?l=TeolxC from PacerMonitor.com at no charge. Counsel to the Debtor: David Patrick Keating, Esq. The Keating Firm P.O. Box 3426 Lafayette, LA 70502 Tel: (337) 594-8200 Email: rick@dmsfirm.com About Lagniappe Investment Fund Lagniappe Investment Fund, LLC operates as a single-asset real estate entity, as defined under 11 U.S.C. Section 101(51B). Lagniappe Investment Fund, LLC in Breaux Bridge, LA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. La. Case No. 25-51153) on Dec. 12, 2025, listing as much as $1 million to $10 million in both assets and liabilities. Stephen Bartley signed the petition as authorized representative, signed the petition. Judge John W Kolwe oversees the case. THE KEATING FIRM, APLC, serves as the Debtor's legal counsel. LIMESTONE UNIVERSITY: Puts Former Campus Up for Sale ---------------------------------------------------- Keen-Summit Capital Partners LLC announced that stalking offers are now being considered for Limestone University's former campus located at 115 College Drive, Gaffney, SC. Founded in 1845, Limestone University is a private liberal arts institution. The university has evolved into a comprehensive undergraduate and graduate institution offering a wide range of academic programs, athletics, and student life amenities. Set on approximately 121± acres, the campus includes numerous academic, administrative, athletic, and student housing buildings totaling significant institutional square footage across a traditional collegiate setting. The campus is located near Interstate 85, providing convenient regional access to major employment centers including Charlotte, Greenville, and Spartanburg. The campus offers a buyer the opportunity to acquire a fully built-out collegiate environment suitable for continued educational use, institutional occupancy, or potential repositioning for alternative uses, including residential, educational, healthcare, or mixed-use redevelopment. Investment Highlights 30 + Buildings Totaling 552,207+SF across ~121 Picturesque Acres * Academic, administrative, student-service, and residence hall buildings * Six residence halls offering 605 student capacity combined * Division II athletic facilities including football, baseball, soccer, tennis, and fitness centers * Dining, library, and student center facilities * Auditorium and performance space * Established campus infrastructure and parking Location Highlights * Interstate-271 ~2.5 miles * Cleveland, OH ~10 miles * Cleveland Hopkins International Airport ~ 21 miles * Adjacent to Mayfield Country Club * Short Distance to Legacy Village shopping center * Located on the RTA Rapid and Bus lines Virtual Data Room: www.Keen-LimestoneUniversity.com Keen-Summit contact information: Chris Mahoney, Senior Managing Director Telephone: (646) 381-9205 Heather Milazzo, Managing Director Telephone: (646) 381-9207 Casey Ott, Associate Telephone: (646) 381-9206 About Limestone University Limestone University is a South Carolina non-profit corporation that previously operated as a private liberal arts university in Gaffney, South Carolina. Limestone is facing a receivership case captioned as First National Bank of Pennsylvania v. Limestone University and the United States Department of Agriculture, Case No. 7:26-cv-01274 (D.S.C.), before the Hon. Donald C. Coggins, Jr. The case was filed on March 24, 2026. Attorneys for First National Bank of Pennsylvania are: Robert C. Byrd, Esq. Anna-Bryce Hobson, Esq. PARKER POE ADAMS & BERNSTEIN LLP 850 Morrison Drive, Suite 400 Charleston, SC 29403 Tel: (843) 727-2650 Fax: (843) 727-2680 E-mail: bobbybyrd@parkerpoe.com abhobson@parkerpoe.com LIQTECH INTERNATIONAL: Expects $18MM Net Proceeds From Stock Sale ----------------------------------------------------------------- LiqTech International, Inc. disclosed in a regulatory filing that it entered into an Underwriting Agreement with Konik Capital Partners, LLC, a division of T.R. Winston & Company, LLC, acting as underwriter, relating to the issuance and sale of 20,000,000 shares of the Company's common stock, par value $0.001 per share. The price to the public in the Offering is $1.00 per share, before underwriting discounts and commissions. Under the terms of the Underwriting Agreement, the Company granted the Underwriter an over-allotment option, exercisable for 45 days, to purchase up to 3,000,000 additional shares of common stock from the Company at the public offering price, less underwriting discounts and commissions. On June 8, 2026, the parties closed on the issuance and sale of 20,000,000 shares of the Company's common stock under the Underwriting Agreement. The net proceeds to the Company from the Offering are expected to be approximately $18.0 million, after deducting underwriting discounts and commissions and estimated Offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering: (i) to repay the remaining $3.0 million of the aggregate principal amount of the Company's senior promissory notes, including any accrued and unpaid interest thereon, after the cancellation by the Note Holders of $3.0 million of the aggregate principal amount of the senior promissory notes pursuant to the Debt Cancellation Agreement in a concurrent private placement, (ii) to repay the $1.1 million in aggregate principal amount of the Company's 9.09% original issue discount promissory notes and (iii) for working capital and general corporate purposes. After the application of the net proceeds as described above there will be no senior promissory notes or 9.09% original issue discount promissory notes outstanding. The Offering was made pursuant to the Company's registration statement on Form S-1 (File No. 333-296258), which was declared effective by the Securities and Exchange Commission on June 1, 2026 under the Securities Act of 1933, as amended. The Underwriter Warrants and the shares of common stock issuable upon exercise of the Underwriter Warrants were also registered under the registration statement on Form S-1. The Underwriting Agreement also contains representations, warranties, indemnification and other provisions customary for transactions of this nature. Pursuant to the Underwriting Agreement, the Company, and pursuant to separate lock-up agreements, the Company's directors and officers, agreed, for a period of 90 days, subject to certain exceptions, not to offer, sell, pledge or otherwise dispose of the Common Stock and other of the Company's securities that they beneficially own, including securities that are convertible into shares of Common Stock and securities that are exchangeable or exercisable for shares of Common Stock, without the prior written consent of the Underwriter. Pursuant to the Underwriting Agreement, the Company agreed to issue to the underwriter or its designees warrants to purchase up to a total of 4% of the shares of common stock sold in the Offering, including any shares of common stock sold pursuant to the underwriter's over-allotment option. The Underwriter Warrants are exercisable at $1.25 per share (125% of the public offering price per share) for a three-year period ending June 8, 2029. The Underwriter Warrants have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to FINRA Rule 5110(e). Concurrent Private Placement and Registration Rights Agreement On May 26, 2026, the Company entered into a Debt Cancellation Agreement (the "Debt Cancellation Agreement") with affiliates of Bleichroeder L.P., 21 April Fund, L.P., and 21 April Fund, Ltd.. On June 8, 2026, in connection with the closing of the Offering and pursuant to the Debt Cancellation Agreement, the Company issued 3,000,000 shares to the Note Holders in exchange for the Note Holders cancelling $3.0 million of senior promissory notes in a concurrent private placement. The shares were issued pursuant to the exemption provided in Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder. On June 8, 2026, in connection with the Debt Cancellation Agreement, the Company and the Note Holders entered into a registration rights agreement, pursuant to which at any time following the closing date of the Offering, the Note Holders may request that the Company prepare and file with the Commission a Registration Statement covering the resale of the shares of common stock issued to the Note Holders pursuant to the Debt Cancellation Agreement. Additional Information Full text copies of the Underwriting Agreement and the Underwriter Warrants are available at https://tinyurl.com/bdh5n8un and https://tinyurl.com/3cd9z6cj, respectively. A full text copy of the Registration Rights Agreement is available at https://tinyurl.com/2pfvx55w About LiqTech International Ballerup, Denmark-based LiqTech International, Inc. is a clean technology company that provides state-of-the-art gas and liquid purification products by manufacturing ceramic silicon carbide filters and membranes as well as developing industry-leading and fully automated filtration solutions and systems. Sadler, Gibb & Associates, LLC, based in Draper, Utah, and serving since 2018, included a "going concern" qualification in its report dated February 27, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that Company's recurring losses and negative operating cash flows raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $24.95 million in total assets, $17.40 million in total liabilities, and $7.55 million in total equity. MARAGAL MEDICAL: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Maragal Medical, P.C. received final approval from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral through August 6 to fund operations based on an approved budget. As adequate protection for the Debtor's use of their cash collateral, the U.S. Small Business Administration and WebBank were granted replacement liens on the same collateral that secured their pre-petition claims, with the same validity, priority, and extent as their pre-petition liens. The replacement liens apply only to the extent of any post-petition decline in the value of the creditors' collateral. All parties' rights and defenses were otherwise preserved by the order. The order is available at http://bankrupt.com/misc/MaragalMedical_FCCorder.pdf A continued hearing is scheduled for August 6, at 10:00 a.m. On or before August 3, the Debtor must file reconciliations comparing actual expenses to budgeted amounts, including bank balances for May, June, and July as well as projected budgets for August, September, and October. About Maragal Medical P.C. Maragal Medical, P.C. is a healthcare provider operating under Massachusetts law. Maragal Medical filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-40150) on February 13, 2026, listing assets of between $100,001 and $500,000 and liabilities of between $1 million and $10 million. James LaMontagne of Sheehan Phinney Bass & Green serves as Subchapter V trustee for the Debtor. Honorable Chief Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor tapped Andrew G. Lizotte, Esq., of Murphy & King, P.C. as general bankruptcy counsel; Baker, Donelson, Bearman, Caldwell & Berkowitz, PC as special counsel; and Huron Consulting Services, LLC as accounting and financial advisor. The U.S. Trustee for Region 1 appointed Joseph Tomaino of Grassi Healthcare Advisors, LLC as patient care ombudsman for the Debtor. The PCO is represented by Rimon P.C. MARK J. PAMER D.O.: Case Summary & 16 Unsecured Creditors --------------------------------------------------------- Debtor: Mark J. Pamer D.O., LLC 537 NW Lake Whitney PL Ste. 103 Port Saint Lucie, FL 34986 Business Description: Mark J. Pamer DO is a pulmonology and multispecialty care practice located in Port Saint Lucie, Florida. Founded by Dr. Mark J. Pamer in 2009, the practice provides allergy testing and immunotherapy, pulmonary and cardiac rehabilitation, diagnostics and testing, sleep medicine, and evaluation and treatment for lung and respiratory conditions. It serves patients with conditions including asthma, COPD, pulmonary fibrosis, sleep apnea, and Long COVID. Dr. Pamer specializes in pulmonary diseases, critical care, and internal medicine. Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-17689 Judge: Hon. Mindy A Mora Debtor's Counsel: Malinda Hayes, Esq. LAW OFFICES OF MALINDA L. HAYES 378 Northlake Blvd Suite 218 North Palm Beach, FL 33408 Tel: (561) 537-3796 Email: malinda@mlhlawoffices.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Dr. Mark J. Pamer as manager. A full-text copy of the petition, which includes a list of the Debtor's 16 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/U4KI53Y/Mark_J_Pamer_DO_LLC__flsbke-26-17689__0001.0.pdf?mcid=tGE4TAMA MARY WADE HEALTHCARE: Fitch Lowers IDR to 'CCC+' ------------------------------------------------ Fitch Ratings has downgraded Mary Wade Healthcare, Inc.'s (MW Healthcare) Issuer Default Rating (IDR) to 'CCC+' from 'B-'. Fitch has also downgraded revenue bonds issued by the State of Connecticut Health and Educational Facilities Authority on behalf of MW Healthcare to 'CCC+' from 'B-'. Entity/Debt Rating Prior ----------- ------ ----- MW Healthcare, Inc. (CT) LT IDR CCC+ Downgrade B- MW Healthcare, Inc. (CT) /General Revenues/1 LT LT CCC+ Downgrade B- The downgrade to 'CCC+' reflects a material level of default risk. MW Healthcare has generated large operating losses each year since fiscal 2021 driven by its predominantly SNF payor mix, and its balance sheet has deteriorated to critical levels. MW Healthcare's endowment declined to $13.2 million at fiscal YE 2025 from $21.9 million at fiscal YE 2020, largely due to draws needed to support the minimum 1.2x debt service coverage ratio (DSCR) amid persistent operating losses. Management plans to increase ALU occupancy and contain costs, but Fitch expects significant headwinds and ongoing operating pressure. SECURITY The bonds are secured by a gross revenue pledge of the MW Healthcare obligated group (OG), first mortgage and security interest in all assets of the OG and a debt service reserve fund. KEY RATING DRIVERS Revenue Defensibility - 'b and below' Solid Demand Offset by Constrained Pricing Flexibility A high portion of MW Healthcare's revenues are derived from governmental payors, which leaves it susceptible to programmatic modifications or reimbursement changes, and severely limits the organization's pricing flexibility. MW Healthcare's 2021 expansion project added 84 new units (64 ALUs and 20 memory care units (MCUs)) that are private pay, which could potentially reduce its reliance on governmental payors over the long-term. The expansion began to fill in February 2022. Occupancy was 69% in the new ALUs and 100% in the 20 MCUs as of March 31, 2026. ALU occupancy has improved from 40% in 2023. Demand has been strong for the skilled nursing facility (SNF), with occupancy above 90% for the past several years. Residential Care Home (RCH) ALUs are primarily funded via the State of Connecticut's Older Americans Act program. Demand for the RCH units was good at above 90% during 1Q26. MW Healthcare's long-operating history, strong local reputation, and minimal competition for SNF have driven midrange SNF-centered demand. Operating Risk - 'b and below' Persistent Operating Losses MW Healthcare's resident service revenues are heavily concentrated in SNF. It accounted for 63% of fiscal 2025 revenues, though this was improved from 82% of fiscal 2021 revenues. Filling the ALUs further could improve this metric. Additionally, Medicaid comprised a high 70% of net SNF revenues in fiscal 2025. Fitch views MW Healthcare's high SNF concentration and reliance on a governmental payor as an asymmetric risk to the community's operating risk profile, which is reflected in the 'b' assessment. As a predominantly ALU, MCU and SNF operator, MW Healthcare's cost containment opportunities are limited. Healthcare services are labor intensive with limited ability to pass on increased costs. This has led to weak operating ratios. For fiscal 2025, Fitch calculated an operating ratio of 102.6% including ERC funds and 113.4% excluding the funds, net operating margin (NOM) of 3.9% including ERC funds and negative 21.6% excluding those funds. Capital-related metrics are weak with MADS coverage averaging only 0.4x from fiscal 2021 to fiscal 2025. Debt-to-Net Available has fluctuated significantly and was 13.9x for fiscal 2025. Fitch expects capital expenditures to be limited to routine maintenance over the next several years. Average age of plant is good at around 10 years. Financial Profile - 'b and below' Deteriorating Balance Sheet As of fiscal YE25, MW Healthcare had unrestricted cash and investments of $13.2 million, which translates into 190 days cash on hand and 28.8% cash-to-adjusted debt, down from $22 million, 533 DCOH and 55% cash-to-adjusted debt in fiscal 2020. Unrestricted cash and investments include the endowment fund. Fitch's base case assumes MW Healthcare incrementally improves its operations to nearly breakeven over the next several years. Fitch also assumes capex remains similar to fiscal 2025 expenditures. Key leverage and coverage metrics remain consistent with its 'b' financial profile assessment. Asymmetric Additional Risk Considerations Medicaid revenues exceed the 25% threshold for net SNF revenue payor mix and are an asymmetric risk. DCOH was less than 200 at FYE 25, driving the weaker liquidity asymmetric risk consideration for the financial profile. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - If MW Healthcare's cost containment initiatives do not stem operating losses, occupancy does not improve, or it is unable to comply with bond covenants, the rating will come under further negative rating pressure. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Positive rating action is unlikely over the near term. Over time, if operations improve to break-even and the balance sheet stabilizes, positive action may be warranted. PROFILE MW Healthcare's operations consist of a 45-bed residential care home, a 94-bed SNF (with 20 beds dedicated to short-term rehab), and an adult day care center. The Mary Wade Home (MWH) provides all three services. MWH, along with parent company MW Healthcare and the Mary Wade Residence, which operates the ALU/MCU facility, comprise the OG. Mary Wade's other affiliated entities are outside the OG. Fitch's analysis is based upon consolidated financial statements. Sources of Information In addition to the sources of information identified in Fitch's applicable criteria specified below, this action was informed by data from DIVER by Solve. Climate Vulnerability Signals The results of its Climate.VS screener did not indicate an elevated risk for MW Healthcare, Inc. (CT). ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. MCITBE LLC: Case Summary & Three Unsecured Creditors ---------------------------------------------------- Debtor: MCITBE LLC 2232 Swift Blvd Houston, TX 77030 Chapter 11 Petition Date: June 10, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-32580 Debtor's Counsel: Mark P. Yablon, Esq. YABLON LAW PLLC 2777 Allen Parkway, Floor 10 Houston, TX 77019 Tel: (281) 310-5813 E-mail: bankruptcy@yablonlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Paul Cox as manager. A copy of the Debtor's list of its three unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DMQBYXA/MCITBE_LLC__txnbke-26-32580__0007.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QM5C6WA/MCITBE_LLC__txnbke-26-32580__0001.0.pdf?mcid=tGE4TAMA MERCY HOSPITAL: 8th Circuit Rejects Release Appeal -------------------------------------------------- James Nani of Bloomberg Law reports that the U.S. Court of Appeals for the Eighth Circuit has thrown out an appeal by MercyOne challenging third-party liability releases contained in the Chapter 11 plan of Mercy Hospital, Iowa City. The decision reinforces limits on who may appeal bankruptcy confirmation orders and under what circumstances. A three-judge panel ruled that MercyOne lacked standing because it had elected not to participate in the releases it sought to challenge. The court said creditors who opt out of release provisions cannot later argue that those provisions are invalid as applied to others unless they can show a direct injury resulting from the plan, according to report. The judges concluded that MercyOne failed to establish any immediate economic harm stemming from the releases. Consequently, the court dismissed the appeal and left intact the confirmed reorganization plan that guided Mercy Hospital’s emergence from bankruptcy protection, the report relays. About Mercy Hospital, Iowa City Mercy Hospital, Iowa City, Iowa is a Catholic-based Iowa nonprofit corporation that operates an acute care community hospital and clinics in Iowa City, Iowa, and surrounding communities. Mercy Hospital and affiliates, Mercy Iowa City ACO, LLC and Mercy Services Iowa City, Inc., filed Chapter 11 petitions (Bankr. N.D. Iowa Lead Case No. 23-00623) on Aug. 7, 2023. In the petition signed by its chief restructuring officer Mark E. Toney, Mercy Hospital disclosed $100 million to $500 million in both assets and liabilities. Judge Thad J. Collins oversees the cases. The Debtors tapped Nyemaster Goode, P.C and McDermott Will & Emery LLP as bankruptcy counsels; H2C Securities Inc. as investment banker; and Epiq Corporate Restructuring, LLC as notice and claims agent. Toneykorf Partners, LLC provides interim management services to the Debtors. Mary Jensen, Acting U.S. Trustee for Region 12, appointed an official committee of unsecured creditors on Aug. 15, 2023. The committee tapped Sills Cummis & Gross P.C. and Cutler Law Firm, P.C. as legal counsels; and FTI Consulting, Inc. as financial advisor. Susan N. Goodman was the patient care ombudsman appointed in the Debtors' cases. The Debtors' bankruptcy-exit plan was confirmed on June 7, 2024. Under the Plan, Dan R. Childers was appointed as Trustee of the Mercy Hospital Liquidation Trust. MIS INTERMEDIATE: S&P Affirms 'B' ICR, Outlook Stable ----------------------------------------------------- S&P Global Ratings affirmed all its existing ratings on IT solutions provider MIS Intermediate LLC (dba Pellera), including its 'B' issuer credit rating and its 'B' issue-level rating on its $180 million revolving credit facility. S&P said, "At the same time, we assigned our 'B' issue-level rating and '3' recovery rating to Pellera's proposed first-out term loan. The '3' recovery rating indicates our expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of default. We do not plan to rate the proposed second-out term loan. "The stable outlook reflects our expectation that Pellera will continue to improve credit metrics over the next 12 months, driven by gross profit uplift and synergy realization, as higher growth in its cloud, stand-alone software, and services segments partially offsets single-digit percent growth in its infrastructure sales." Pellera's operating performance has been stronger than expected and its deleveraging path remains in line with S&P Global Ratings' initial expectations. The company is planning to issue a new five-year $775 million first-out term loan and a new five-year $250 million second-out term loan, which it will use the proceeds from--along with $70 million of cash from its balance sheet--to refinance its existing $1,095 million term loan due 2031. S&P estimates this will modestly improve Pellera's S&P Global Ratings-adjusted leverage. Post-merger integration with Mainline and Converge is largely completed, alleviating merger risk. Pellera's integration of the Mainline and Converge businesses has progressed on a more favorable timeline than we previously anticipated. The company's key integration milestones include the alignment of its go-to-market organization under a single management structure (notably maintaining strong retention in its sales and technical teams), the migration of the Mainline enterprise resource planning (ERP) platform to NetSuite in January 2026, a strategic headcount reduction, and the finalization of a distribution agreement on favorable terms. Notably, the company raised its cost synergy target to $86.9 million, from an initial target $49 million at transaction close, and has already achieved $72.8 million of run-rate synergies through its actioned items. S&P said, "We expect Pellera to realize the remaining of targeted actionable cost efficiencies related to automation and CRM integration. In our view, this progress tempers the company's integration-related execution risk and increases the likelihood it will achieve the remaining cost savings, which is the primary driver of the assumed deleveraging under our base-case forecast." S&P said, "Pellera's deleveraging path is largely tracking our initial expectations. The company's performance in 2025 was in line with our initial expectations. We estimate Pellera's leverage was about 6.7x as of Dec. 31, 2025, which compares with our initial expectation of 6.5x. We attribute the difference between the two figures to our debt adjustments, which are now higher than we previously expected. We expect Pellera will increase its net revenue in 2026 and 2027 consistent with our base case, largely on continued strong IT demand--particularly for AI-driven solutions, cybersecurity, hybrid cloud, and digital infrastructure--supported by the combined entity's broader, single-source service capabilities following the integration of Converge. We anticipate the company will expand its S&P Global Ratings-adjusted EBITDA margin to about 8.8% in 2026 and about 10.4% in 2027 as it realizes further run-rate cost synergies from the roll-off of one-time transaction costs that weighed on its credit metrics in 2025, leading to adjusted debt leverage of 5.5x in 2026 and 4.5x in 2027. "We believe the company's leverage profile will remain in line with our expectations for the 'B' rating. Following its combination with Mainline and Converge in 2025, Pellera's leverage was temporarily elevated because the combined entity's EBITDA base was negatively impacted by several one-time restructuring and integration costs. The company's adjusted debt, which includes our adjustments for its preferred equity, payables between 90-105 days of its upsized channel financing facilities, and receivables sold in 2025 under its factoring program, remains in line with our expectations because the increase from its receivables sold was fully offset by its recent mandatory and voluntary debt repayment. While our base case assumes Pellera will improve its adjusted leverage to the mid-4x area by the end of 2027, we don't expect the company's leverage will remain below 5x because we anticipate its sponsor will likely maintain its acquisitive growth strategy. "Prior to the combination with Mainline and Converge, both companies heavily relied on acquisitions for growth. This strategy aligns with other players in the IT solutions space, wherein mergers and acquisitions (M&A) are viewed as an important mechanism for companies to expand their capabilities, talent availability, and serviceable geographies. We believe this presents additional risk because acquisitions are often debt funded and may entail integration costs. We expect that Pellera will likely use future increases in its EBITDA and cash flow generation to support further inorganic expansion. Nevertheless, we expect the company will prudently allocate its capital such that it sustains leverage of below 6.5x and maintains adequate free operating cash flow (FOCF) to debt for the current rating. "The stable outlook reflects our expectation that Pellera will continue to improve its credit metrics by realizing synergies and improving its gross profit over the next 12 months, supported by a single-digit percent increase in its infrastructure sales partially boosted by more-rapid growth in its cloud, stand-alone software, and services segments. Our base-case scenario assumes the company's S&P Global Ratings-adjusted debt to EBITDA will improve to the mid-5x area and mid-4x area in fiscals 2026 and 2027, respectively." S&P could lower its rating on Pellera if it increases its leverage above 6.5x and its FOCF to debt falls below 2.5% absent near-term prospects for improvement. This could occur if: -- The company experiences weak demand for its products from its key suppliers or a downturn in customer IT spending due to a recession; or -- Management employs a more-aggressive financial policy, including by undertaking further acquisitions that cause its leverage to rise above 6.5x. S&P said, "Although unlikely given its financial-sponsor ownership, we could raise our rating on Pellera if it outperforms our forecast and reduces its leverage below 5x. We would also require the company to develop a track record of maintaining its leverage at this improved level before raising the rating." NEW MEXICO TERMINAL: Fine-Tunes Plan Documents ---------------------------------------------- New Mexico Terminal Services LLC ("NMTS") submitted a Second Amended Disclosure Statement describing Second Amended Plan of Reorganization dated June 8, 2026. The Debtor owns real property located at 9615 Broadway Boulevard SE, Alburquerque, NM 87105 (the "Real Property"), which was appraised by Colliers Valuation and Advisory Services ("Appraiser") as having an as-is Market Value of $11,300,000 and a prospective value of $19,200,000. Karl Pergola, the managing member, has been managing the Debtor's affairs, both prior to the bankruptcy case and for the Debtor-in-Possession. He has not been compensated for these services. The Plan contemplates that he will continue to manage the Debtor-in-Possession through confirmation and thereafter to manage the reorganized debtor. The Debtor will work with the Realtor to establish an Information Room which will contain documents and information to enable potential buyers to access the opportunity. Prospective purchasers may be required to enter into a Nondisclosure Agreement with the Debtor to gain access to the Information Room. The Debtor is working with Cal-Maine to provide information and protective purchasers with respect to the environmental condition of the Real Property. These projections will include assurances that Cal-Maine will complete the abatement of the current condition of the Real Property and obtain a No Further Action letter from New Mexico Environmental Department at its expense. The Debtor and Cal-Maine expect to have an agreement regarding Cal-Maine's claims against the Debtor finalized shortly. The Debtor began marketing the Real Property on May 5, 2026 and will continue to market the property for a period of six months. If the Debtor has not entered into a Purchase Agreement with a prospective purchaser after six months, the Debtor will undertake an auction process that fixes a deadline for submission of bids for the Real Property following the process and deadlines set forth in the Order Denying Century Bank's Motion to Appoint Chapter 11 Trustee with Conditions. Under the Plan, the Debtor's Real Property will be marketed and sold pursuant to a sale process. The Debtor believes the sale of the Real Property will generate enough funds to pay creditors 100% of the allowed claims. Class 4 consists of General Unsecured Claims. Class 4 shall be paid on or before thirty days after the sale of all or substantially all of the Real Property, Holders of Allowed Class 4 Claims shall be entitled to a Pro Rata distribution of the proceeds of such sale after payment in full of all Secured Claims, Allowed Administrative Claims, Allowed Priority Tax Claims and Allowed Priority Non-Tax Claims, as set forth in more detail in section 3.8 of this Plan. As required by law, a reserve will be retained to cover payment of the pro rata portion of any Disputed Claims assuming they are allowed in full. When the Disputed Claim is determined by settlement or Court decision, the appropriate distributions will be made of the reserved funds. Because Disputed Claims exist, this means that Holders of Allowed Class 4 Claims may receive multiple distributions, rather than their entire distribution at once. The Debtor shall reserve from the initial distribution to Holders of Allowed Class 4 Claims from the net sale proceeds, sufficient funds to pay all post-petition payables, which shall be used to pay for administrative costs, such as tax work, U.S. Trustee's fees, and attorney's fees. Class 4 is Impaired. After the sale of the Real Property, the Debtor shall apply the Sale Proceeds to pay of the costs related to the sale and to pay creditors holding valid nonavoidable secured claims (until those claims are paid in full). Thereafter, the Debtor will apply the remaining Net Sale Proceeds as follows: * First, to pay all Allowed Administrative Claims in full (unless a different amount is agreed to by the Administrative Claimant), including setting aside an amount sufficient to pay in full any pending Administrative Claims by Professionals not yet Allowed, plus amounts sufficient to pay future administrative costs and U.S. Trustee fees. * Second, to pay all Allowed Priority Tax Claims in full; * Third, to pay all Allowed Priority Non-Tax Claims in full; * Fourth, to pay General Unsecured Claims; * Fifth, after payment in full of all Allowed Claims, the excess, if any, will be distributed to the equity holders. To the extent funds from the sale of the Real Property are not paid in full, the net proceeds of any recovery against Bernalillo County shall be used to pay the remaining claims in the order set forth in Section 6.4(A). A full-text copy of the Second Amended Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=rMa6SJ from PacerMonitor.com at no charge. Counsel for the Debtor: Erin J. Kennedy, Esq. Forman Holt 365 West Passaic Street, Suite 400 Rochelle Park, NJ 07662 Telephone: (201) 857-7111 Facsimile: (201) 655-6650 E-mail: ekennedy@formanlaw.com About New Mexico Terminal Services 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. NEW SHILOH: Court Extends Cash Collateral Access to July 8 ---------------------------------------------------------- New Shiloh Christian Center, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to use cash collateral. The court issued a fourth preliminary order authorizing the Debtor to use cash collateral through July 8 for U.S. Trustee quarterly fees and other court-approved payments; the budgeted expenses, plus up to a 10% variance per line item; and additional amounts with approval from the U.S. Small Business Administration. The Debtor projects total operational expenses of $288,431 for the period from April to July. The SBA is the Debtor's senior secured creditor, with Piton Capital, LLC holding a potential inferior interest. As adequate protection, secured creditors will be granted replacement liens on post-petition cash collateral, maintaining the same validity and priority as their pre-bankruptcy liens. New Shiloh must also maintain required insurance coverage and comply with all statutory duties of a debtor-in-possession under the Bankruptcy Code and court orders. The order is without prejudice to future challenges regarding lien validity, priority, or the scope of cash collateral use, including rights of any creditors' committee that may be appointed. The order is available at https://shorturl.at/JbA5U The next hearing is scheduled for July 8. About New Shiloh Christian Center Inc. New Shiloh Christian Center, Inc., based in Melbourne, Florida, is a Christian church and private educational institution founded on January 5, 1997, by Bishop Jacquelyn D. Gordon and Deacon Haywood Gordon. The organization provides religious services, community programs, and operates Shiloh Christian Academy, a K-12 private Christian school, within its 125,000-square-foot facility on 17 acres that also includes a 3,000-seat sanctuary, chapel, office space, and youth division. New Shiloh Christian Center sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08093) on December 12, 2025, with $8,619,548 in assets and $3,298,592 in liabilities. Lashaunda Gordon, chief financial officer, signed the petition. Judge Grace E. Robson presides over the case. Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. NEW YORK BEACH: Plan Exclusivity Period Extended to July 27 ----------------------------------------------------------- Judge Louis A. Scarcella of the U.S. Bankruptcy Court for the Eastern District of New York extended New York Beach Club, Ltd. and Ocean Blvd, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to July 27 and Sept. 24, 2026, respectively. In a court filing, NYBC will be opening for the season on May 23, 2026, and will continue operations through Labor Day, Sept. 7, 2026. By providing the Debtors with the extension of the exclusive period, the Debtors will be able to utilize the financial information from this upcoming season to apply in formulating the Chapter 11 Plans of Reorganization and Disclosure Statements. The Debtors explain that they need additional time in which to obtain that information and separately engage 1751 Ocean in a meaningful discussion so that a viable plan of reorganization can be offered. The Debtors seek to reinstate the First Loan and the Second Loan through the plan process. The asserted amount of reinstatement for each loan is critical to the Debtors to know how much funding they need to obtain and whether such amounts correspond with what the Debtors will calculate. In addition, the Debtors request an extension of their Exclusive Periods is clearly an effort to work with, rather than pressure, the various creditor constituencies in this case. Although some progress has been made, the Debtors require extensions of the Exclusivity Periods to give them time to negotiate with their creditors. Granting the requested extensions will allow the Debtors to formulate confirmable plans, prepare adequate information, and to proceed to seek approval of same in a reasonable period of time. Counsel to the Debtors: CERTILMAN BALIN ADLER & HYMAN, LLP Richard J. McCord, Esq. Robert D. Nosek, Esq. 90 Merrick Avenue East Meadow, New York 11554 (516) 296-7000 About New York Beach Club Ltd. New York Beach Club, Ltd. operates a private seasonal beach club and oceanfront social venue at 1751 Ocean Boulevard in Atlantic Beach, New York. The company manages the club's facilities, including cabanas, pools, dining, and recreational amenities, under a non-residential lease from the property owner, Ocean Blvd., LLC. It functions as a hospitality and leisure services entity within the private beach club and resort sector. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70576) on February 10, 2026, with $902,221 in assets and $17,267,359 in liabilities. Alexander Jacobson, president, signed the petition. Judge Louis A. Scarcella presides over the case. Fred S. Kantrow, Esq., at The Kantrow Law Group, PLLC represents the Debtor as bankruptcy counsel. NEXT LEVEL: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: Next Level Paver Company LLC 906 Southeast 9th Terrace Cape Coral FL 33990 Business Description: Next Level Pavers LLC is a family-owned hardscape and landscaping company based in Cape Coral, Florida. Founded in 2018, the company provides paver and travertine installation, hardscape cleaning, sealing, and restoration, as well as paver driveway, patio, and pool deck work. Its services also include paver driveway and patio repair, steps, retaining walls, and landscaping. The company serves Cape Coral, Fort Myers, Estero, Naples, and Buckingham. Chapter 11 Petition Date: June 11, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-01442 Judge: Hon. Luis Ernesto Rivera II Debtor's Counsel: Michael Dal Lago, Esq. DAL LAGO LAW 999 Vanderbilt Beach R. Suite 200 Naples FL 34108 Tel: 239-571-6877 Email: mike@dallagolaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Amanda Capobianco as owner.. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HBF7DBI/Next_Level_Paver_Company_LLC__flmbke-26-01442__0001.0.pdf?mcid=tGE4TAMA NIED OWNERSHIP: Claims to be Paid from Refinancing Proceeds ----------------------------------------------------------- Nied Ownership LLC filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Plan of Reorganization dated June 8, 2026. The Debtor is a Delaware limited liability holding company that owns 100% of the common membership interests in Nied Member, LLC ("Nied Member"), a Delaware limited liability company, which, in turn, owns eleven Florida limited liability companies. The Debtor also owns 60.12% of the membership interests in NDALD, LLC, 100% of the membership interests in NJALD, LLC, and 100% of the membership interests in MRAD Phase III, LLC, each of which is a Florida limited liability company. All of these entities, in turn, hold various interests in entities that own vacant land, own and operate senior/independent living facilities, and own and lease student living and Class A multifamily properties in central Florida. The Debtor filed this Chapter 11 case on May 1, 2026, to preserve enterprise value, protect all stakeholders, and prevent a forced disposition of its assets through an Article 9 foreclosure sale noticed by ACRE CFPortfolio LLC ("ACRE"). On March 4, 2026, ACRE acquired a preferred equity interest in Nied Member from PCRED II Holding XVIII LLC, an affiliate of Pacific Investment Management Company, LLC ("PIMCO"), and issued an Article 9 sale notice the following day scheduling a public auction for May 8, 2026. The Nied Member portfolio has an aggregate appraised "as-is" value of approximately $757 million and is encumbered by approximately $450 million in senior mortgage indebtedness. After accounting for ACRE's asserted (and disputed) secured claim of approximately $89 million, the Debtor maintains net equity of approximately $216.5 million. The Debtor's unsecured creditors hold claims exceeding $100 million, of which approximately $66.9 million are non-insider claims. The Debtor commenced this case to preserve that equity and maximize recoveries for all constituencies through the Refinancing Transaction. The Plan provides for the refinancing of the mortgage indebtedness encumbering the Subsidiary Portfolio and for payment in full, in Cash, of all Allowed Non-Insider Claims against the Debtor from the proceeds of the Refinancing Transaction. The Refinancing Transaction contemplates two lending facilities, the BSP Facility and the OWS Facility, which, in the aggregate, will generate Refinancing Proceeds sufficient to (a) refinance the Subsidiary Portfolio mortgages and (b) satisfy in full the Allowed Claims in Classes 2, 3A, 4, and 5. Allowed Administrative Expense Claims shall be paid on the Effective Date by the Admin Plan Funder. Allowed Priority Tax Claims, if any, shall be paid either from the Refinancing Proceeds or by the Admin Plan Funder. No distributions shall be made under the Plan on account of Claims or Interests in Classes 6 and 7. Under the Plan, the closing of the Refinancing Transaction with the Refinancing Lenders shall occur no later than forty-five days after the Effective Date of the Plan (the "Refinancing Closing Deadline"). No later than fourteen days prior to the Confirmation Hearing, the Debtor shall file with the Bankruptcy Court the material definitive documentation for the Refinancing Transaction, including, as applicable, executed commitment letters and/or loan agreements (or substantially final drafts thereof), in each case to the extent then available. Class 5 is comprised of all Allowed General Unsecured Claims other than Insider Claims. Class 5 Claims shall be paid in full from the Refinancing Proceeds upon the closing of the Refinancing Transaction. Class 5 is Unimpaired. Class 6 is comprised of all Allowed General Unsecured Claims of Insiders. Class 6 Claims shall be subordinated in right of payment to Class 5 Non-Insider Unsecured Claims, and each holder of a Class 6 Claim shall be deemed to have waived any right to receive distributions on account of such Claim under the Plan. The Plan provides for the refinancing of the mortgage indebtedness encumbering the Subsidiary Portfolio and for payment in full, in Cash, of all Allowed Non-Insider Claims against the Debtor from the proceeds of the Refinancing Transaction. The Refinancing Transaction contemplates two lending facilities the BSP Facility and the OWS Facility, which, in the aggregate, will generate Refinancing Proceeds sufficient to (a) refinance the Subsidiary Portfolio mortgages and (b) satisfy in full the Allowed Claims in Classes 2, 3A, 4, and 5. Allowed Administrative Expense Claims shall be paid on the Effective Date by David Niederst and/or Adrina Niederst, or another non-debtor Insider (the "Admin Plan Funder"). Allowed Priority Tax Claims, if any, shall be paid either from the Refinancing Proceeds or by the Admin Plan Funder. No distributions shall be made under the Plan on account of Claims or Interests in Classes 6 and 7. A full-text copy of the Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=7edLrt from PacerMonitor.com at no charge. Counsel for the Debtor: Amy Denton Mayer, Esq. Edward J. Peterson, Esq. Berger Singerman LLP 101 E. Kennedy Blvd., Suite 1165 Tampa, FL 33602 Phone: 813-498-3410 About Nied Ownership LLC Nied Ownership LLC is a holding company involved in large-scale ownership and management of investment and business assets. The company oversees operational and financial interests tied to its portfolio holdings and related ventures. Nied Ownership LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-03232) on May 1, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $100 million and $500 million. Bankruptcy Judge Tiffany P. Geyer handles the case. The Debtor is represented by Amy Denton Mayer, Esq. of Berger Singerman LLP. OLIVE TREE RESTAURANT: Seeks Chapter 7 Bankruptcy in New Jersey --------------------------------------------------------------- On June 10, 2026, Olive Tree Restaurant, NJ Inc. filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of New Jersey. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1–49 creditors. About Olive Tree Restaurant, NJ Inc. Olive Tree Restaurant, NJ Inc. is a restaurant operator in New Jersey engaged in the food service and hospitality industry. The company provides dining services and operates as a privately held business. Olive Tree Restaurant, NJ Inc. sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16699) on June 10, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $100,001 to $1 million.Honorable Bankruptcy Judge to be assigned by the court handles the case. The Debtor is represented by Leonard S. Singer, Esq., of Zazella & Singer, Esqs. ONYX SWNG: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: Onyx SWNG LLC 183 Wilson St. Brooklyn, NY 11211 Chapter 11 Petition Date: June 10, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-42838 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: James J. Rufo, Esq. LAW OFFICE OF JAMES J. RUFO 222 Bloomingdale Road 202 White Plains NY 10605 Tel: (914) 600-7161 E-mail: jrufo@jamesrufolaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Saqif Noor as managing member. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/24ZR2PY/Onyx_SWNG_LLC__nyebke-26-42838__0001.0.pdf?mcid=tGE4TAMA ORFEDOR INC: Unsecured Creditors to be Paid in Full in Plan ----------------------------------------------------------- Orfedor Inc. filed with the U.S. Bankruptcy Court for the Central District of California a Disclosure Statement describing Plan of Reorganization dated June 8, 2026. The Debtor is an LLC. The CEO is Peter Marshall. The Debtor is managed by Peter Marshal and currently has no affiliates. The Debtor owns 3 Parcels which are adjacent to each other in the Venice, CA area. Parcel 1 is located at 3538 Grand View Blvd, Los Angeles, CA 90066. Parcel 2 is located at 3530 Grand View Blvd., Los Angeles, CA 90066. Parcel 3 is located at 3528 Grand View Blvd., Los Angeles, CA 90066. The case was filed on December 10, 2025 in order to prevent a foreclosure sale of one of the parcels (Parcel 2) on the same day as the petition filing. Debtor plans to enter into a joint venture to develop the lots into multi-family housing and, once construction is completed, refinance the parcels to pay the secured lenders. The Debtor's most significant assets are the three parcels which are each valued at an estimated $3,100,000.00. However, common ownership of the three parcels significantly increases the combined value of the parcels. Ownership of one or more of the parcels but not all three would significantly reduce the value of each. The Debtor anticipates completion of the development and refinancing of all existing liens within the next 2 years. In the interim, Debtor intends to service the senior secured liens on the parcels through the joint venture entity. This is a reorganizing plan. In other words, the Proponent seeks to accomplish payments under the Plan by making payments to holders of allowed claims. The timing of payments to particular creditor groups will depend upon their classification under the Plan. Class 3 consists of of General Unsecured Claims. The Debtor has $3,672.93. Class 3 creditors will be paid in full after project completion and refinance of the parcels. Class 4 consists of of Interest Holders. Debtor shall receive all remaining property of the estate as the only interest holder. The Plan will be initially funded from the joint venture entity and later through the refinance of the parcels. A full-text copy of the Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=JJiSmH from PacerMonitor.com at no charge. Orfedor Inc. is represented by: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: (213) 202-6070 Fax: (213) 202-6075 About Orfedor Inc. Orfedor Inc. is a California-based company engaged in the manufacturing and distribution of orthopedic footwear and related medical support products. The company focuses on designing and supplying specialty shoes and inserts intended to address foot and mobility conditions. Orfedor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21073) on Dec. 10, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The case is handled by Honorable Bankruptcy Judge Julia W. Brand. The Debtor is represented by Thomas B. Ure, Esq. of Ure Law Firm. OUISI INC: Gets Final OK to Use Cash Collateral ----------------------------------------------- OuiSi Incorporated received final approval from the U.S. Bankruptcy Court for the Southern District of New York to use cash collateral in its Subchapter V Chapter 11 case. Under the final order, the debtor is authorized to use cash collateral to fund reasonable and necessary ordinary-course business expenses, administrative expenses related to the bankruptcy case, and any other payments specifically authorized by the court. Cash disbursements must remain within 10% of the amounts projected in the debtor's 13-week cash flow budget attached to the order. As adequate protection for lender Clearco's interest in the prepetition collateral, the court granted Clearco perfected replacement and rollover liens on the debtor's postpetition collateral to the same extent as its prepetition liens. However, the replacement liens do not extend to avoidance actions or recoveries arising under Chapter 5 of the Bankruptcy Code. Clearco also reserved all rights to argue that additional adequate protection may be necessary in the future. The court determined that the relief is essential to prevent irreparable harm to the debtor and its estate and is in the best interests of creditors because it allows the business to continue operating during the Chapter 11 process. About OuiSi Incorporated OuiSi Incorporated operates a business focused on designing, developing, marketing, and distributing visually interactive photo-based games in both digital and physical formats, with production facilities located across Canada, the United States, and the United Kingdom. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. N.Y. Case No. 26-35436) on April 24, 2026. In the petition signed by Paul Brillinger, chief executive officer, the Debtor disclosed up to $100,000 in assets and up to $10 million in liabilities. Judge Kyu Young Paek oversees the case. Justin S. Krell, Esq., at Bond, Schoeneck & King, PLLC, represents the Debtor as legal counsel. P3 HEALTH: All Four Key Proposals Pass at Annual Meeting -------------------------------------------------------- P3 Health Partners Inc. held its 2026 Annual Meeting of Stockholders. Holders of the Company's Class A common stock and Class V common stock as of the close of business on April 10, 2026, the record date for the Annual Meeting, were each entitled to one vote per share. The following are the voting results for the four proposals considered and voted upon at the Annual Meeting, each of which were described in the Company's Definitive Proxy Statement filed with the Securities and Exchange Commission on April 30, 2026. Proposal 1 -- Election of three Class II directors for a term of office expiring on the date of the annual meeting of stockholders to be held in 2029, and until their respective successors have been duly elected and qualified. 1. Amir Bacchus, M.D. * Votes For: 4,067,100 * Votes Withheld: 32,162 * Broker Non-Votes: 425,510 2. Mark Thierer * Votes For: 4,081,573 * Votes Withheld: 17,689 * Broker Non-Votes: 425,510 3. Lawrence B. Leisure * Votes For: 3,980,136 * Votes Withheld: 119,126 * Broker Non-Votes: 425,510 Proposal 2 -- Ratification of the appointment of BDO USA, P.C. as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. * Votes For: 4,484,963 * Votes Against: 39,585 * Votes Abstained: 224 * Broker Non-Votes: -- Proposal 3 -- Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers. * Votes For: 4,084,583 * Votes Against: 9,786 * Votes Abstained: 4,893 * Broker Non-Votes: 425,510 Proposal 4 -- Approval, in accordance with Nasdaq Listing Rule 5635(d), the issuance of up to 3,341,130 shares of Class A common stock upon the exercise of outstanding Class A common stock warrants held by VBC Growth SPV 5, LLC. * Votes For: 4,064,690 * Votes Against: 34,515 * Votes Abstained: 57 * Broker Non-Votes: 425,510 Based on the foregoing votes, each of the three Class II director nominees were elected and Proposals 2, 3, and 4 were approved. About P3 Health Partners Henderson, Nev.-based P3 Health Partners Inc is a patient-centered and physician-led population health management company and, for accounting purposes, the successor to P3 Health Group Holdings, LLC and its subsidiaries after the consummation of a series of business combinations in December 2021 with Foresight Acquisition Corp. As the sole manager of P3 LLC, P3 operates and controls all of the business and affairs of P3 LLC and P3's only assets are equity interests in P3 LLC. Las Vegas, Nev.-based BDO USA, P.C., the Company's auditor since 2021, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has suffered recurring losses from operations and has working capital deficiencies that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $674.2 million in total assets, $807.3 million in total liabilities, $10.4 million in mezzanine equity, and $143.5 million in total stockholders' equity. PATHFINDER POWER: S&P Assigns 'BB-' ICR, Outlook Stable ------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issuer credit rating (ICR) to Pathfinder Power LLC (Pathfinder). LS Power is forming Pathfinder, a 4.3 gigawatt (GW) portfolio of gas-fired assets acquired from Constellation Energy Corp. S&P Global Ratings also assigned its 'BB' issue-level rating to Pathfinder's senior secured term loan B (TLB) due 2033. S&P's recovery rating of '2' indicates its expectations of substantial recovery (70%-90%) in a hypothetical default scenario. Pathfinder will issue a $2.5 billion senior secured TLB, alongside $2.6 billion of equity to finance the purchase price and cover transaction fees. The company will also have a $400 million revolving credit facility (RCF; not rated). S&P said, "The stable outlook reflects our expectation that Pathfinder will maintain an S&P Global Ratings-adjusted debt-to-EBITDA ratio at about 3.5x-4.0x. We expect Pathfinder will generate S&P adj. EBITDA of about $690 million in 2027 and 2028 on the back of high capacity payments and robust energy margins." Pathfinder's fair business risk profile is predicated on a small portfolio of high-quality assets in PJM. Pathfinder is composed of a solid portfolio of assets in a desirable market that realizes above-average EBITDA margins, performs well during challenging conditions, and can use fuel oil as a backstop for gas or to realize incremental margins. S&P expects short-term (one-three years) energy margin hedges will be layered on in line with Pathfinder's hedging strategy, which should result in greater cash flow visibility. At the same time, the portfolio is relatively small and concentrated in one market, which exposes the company to increased regulatory and operational risk. The company operates exclusively in PJM and is smaller than peers, at 4.3 GW of capacity. Pathfinder's portfolio is mostly combined-cycle gas turbines (CCGTs) with solid dispatch characteristics. The portfolio is composed of 84% CCGTs by capacity; 58% are baseload assets and 26% are load-following assets, with commensurate capacity factors and spark spreads. This translates to EBITDA margins of about 50%, which compares favorably with those of peers. The portfolio benefits from robust capacity payments and spark spreads in PJM where we continue to see significant demand tailwinds from data center growth. S&P said, "Although Hay Road and Moor are exposed to Regional Greenhouse Gas Initiative (RGGI) costs, resulting in lower capacity factors, especially for Hay Road, we expect associated costs will be reflected in power prices. Furthermore, one of Pathfinder's most important assets, Bethlehem, has slightly lower capacity factors than we would expect for the heat rate and location, due to its higher gas costs." Solid availability between 80%-90% and a fuel oil backstop support S&P's expectation of stable operations. All the CCGTs have dual-fuel capability, reducing gas supply risks, especially during critical times. S&P said, "We expect Pathfinder will have robust short-term cash flow visibility. We expect the company will layer on hedges, and when combined with cleared capacity prices (and a floor), this should result in solid near-term cash flow visibility. Management intends to hedge 60%-80% of energy margin one year out, 40%-60% in the second year, and 20%-40% in the third year. In addition, the portfolio's above average effective load carrying capacity means it achieves a performance bonus for the PJM capacity market and can switch to fuel oil when gas prices are high, supporting above-average margins." Financial sponsor LS Power's financial strategy could be aggressive. S&P said, "The aggressive financial risk profile (FRP) is a result of our assessment of sponsor LS Power's funds a financial sponsor 5 (FS-5). We anticipate that LS Power could use debt and debt-like instruments to maximize shareholder returns. Key credit ratios suggest a significant FRP, with a S&P Global Ratings-adjusted debt to EBITDA of 3.5x-4.0x. We also project free operating cash flow (FOCF) to debt of about 20%, which would map to the intermediate category. We expect high capacity prices in PJM, combined with robust sparks and capacity factors, will result in S&P Global Ratings-adjusted EBITDA of about $690 million in 2027 and 2028. We do not net cash from debt because we assume this would be distributed or used for growth opportunities. Furthermore, we include some major maintenance and long-term service agreement expenses as part of operating expenses, which reduces S&P Global Ratings-adjusted EBITDA, in line with peers." S&P said, "Our stable outlook reflects our expectation that Pathfinder will maintain S&P Global Ratings-adjusted debt to EBITDA at about 3.5x-4.0x. We expect Pathfinder will generate EBITDA of about $690 million in 2027 and 2028 on the back of high capacity payments and robust energy margins. We expect deleveraging would occur through increased EBITDA, rather than debt repayment, and that Pathfinder would use excess cash flows for distributions or to pursue growth opportunities. "We could take a negative rating action if S&P Global Ratings-adjusted debt to EBITDA were to increase above 4.25x or FOCF to debt were to decrease below 15% on a sustained basis." This could occur as a result of: -- Operational issues at one or more of the facilities, resulting in lost energy margins or capacity penalties; -- Significant decrease in power prices in PJM, which could be spurred by the projected load growth not materializing; -- Competition from renewables and newer, more efficient assets, resulting in weaker dispatch and spreads than expected; -- Asset sales that would weaken the company's business risk; or -- Additional debt issuance. S&P said, "Although unlikely in the near term, we could take a positive rating action if Pathfinder were to meaningfully increase its scale and diversity. We view LS Power as a financial sponsor, indicating that it would prefer to receive distributions instead of deleveraging the balance sheet. As a result, we would be unlikely to revise that assessment without a track record of the company deleveraging meaningfully on a sustained basis beyond our current expectations. A material change in ownership and control could also cause us to revise our financial policy assessment." PHILLIPS TOTAL: Amends Unsecured Claims Pay Details --------------------------------------------------- Phillips Total Care Pharmacy, Inc., submitted an Amended Disclosure Statement describing Amended Plan of Reorganization dated June 8, 2026. The Plan provides for the reorganization of Debtor and an auction and sale of the equity ("Equity Sale") of the reorganized Debtor in order to raise funds to make distributions to holders of General Unsecured Claims. The Debtor's Plan will be for 36 months from the Effective Date and provide payment in full of Secured Claims and Priority Claims, with no distribution to General Unsecured Claims. The amortization of these obligations has generally been extended to provide adequate cash flow and to service debt. Class 1 consists of the Secured Claim of Bank of Wisconsin Dells in the amount of $1,007,563.76 pursuant to the filed Claim 27. Debtor has paid $10,000.00 monthly toward this claim commencing December 2025 and will continue to pay $10,000.00 monthly until paid in full (estimated to be in approximately 13 years). Interest will accrue from the Confirmation Date at the rate of the Daily U.S. 5 Year Treasury Rate as reported by cnbc.com on the Confirmation date, plus 2% (currently 4.294% + 2% = 6.294% rate). Class 9 consists of the General Unsecured Claims of creditors and Rejection Claims, which will be paid 100% of the proceeds of the Equity Auction up to 100% of their claims, plus interest. The liquidation analysis provides that no funds are available for distribution to General Unsecured Creditors, and the Cash Flow Projections attached to the Disclosure Statement do not provide sufficient income for payment. The General Unsecured Claims are approximately $9,700,000.00. Class 10 consists of Equity Interest Holders in Debtor. The Equity Interest Holder in Debtor will be extinguished on the Effective Date. The Equity Interest Holder in Debtor shall receive any equity auction excess proceeds that may remain after the treatment of Class 9. Because no distributions of equity auction excess proceeds will be made to Class 10 unless all creditors are paid in full, plus interest, Debtor submits that the distribution provided herein does not implicate or violate the Absolute Priority Rule under Section 1129(b)(2)(B)(ii) of the Bankruptcy Code. To effectuate the proposed Plan, Debtor shall continue Pharmacy operations. Debtor will utilize income generated from its operations and cash on hand on the Effective Date to fund the proposed Plan. Debtor will continue to increase its net income to support Plan payments by procuring additional customers. The Debtor shall retain all property of the estate, with no transfer of estate property being anticipated at this time except as may be particularly set for herein. Debtor reserves its right to sell or transfer any of its property, with the proceeds to be distributed to lien holders in accordance with their priorities. Equity Auction. In order to raise funds to make a distribution to holders of General Unsecured Creditors of Class 9, Debtor will move the Court under Section 363 of the Bankruptcy Code ("363 Motion") to conduct an auction sale of equity ("Equity Auction") to be newly issued on the Effective Date ("New Equity"). Debtor's principal Wayne MacArdy shall be the opening bidder in the Equity Auction, with a bid of $20,000. A full-text copy of the Amended Disclosure Statement dated June 8, 2026 is available at https://urlcurt.com/u?l=oEgSDD from PacerMonitor.com at no charge. Phillips Total Care Pharmacy Inc. is represented by: Claire Ann Richman, Esq. Michael P. Richman, Esq. Richman & Richman LLC 122 W. Washington Ave., Ste. 850 Madison, WI 53703 Telephone: (608) 889-2322 About Phillips Total Care Pharmacy Phillips Total Care Pharmacy Inc. is a retail pharmacy based in Mauston, Wisconsin. Phillips Total Care Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Case No. 25-10699) on March 28, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Claire Ann Richman, Esq. and Michael P. Richman, Esq. at Richman & Richman LLC. PLEASE & THANK YOU: Court OKs $75K Interim DIP Loan From RRHHA -------------------------------------------------------------- Please & Thank You, LLC received interim approval from the U.S. Bankruptcy Court for the Western District of Kentucky to use cash collateral and obtain post-petition financing. Absent an immediate injection of cash and liquidity, the Debtor projects that its current cash flow and expenditure rates will cause it to exhaust its available funds shortly, forcing a total shutdown of operations and destroying the estate's going-concern value. The post-petition financing consists of a $75,000 priming, super-priority credit facility provided by RRHHA LLC at a 6% interest rate, which matures 90 days after execution. The facility will be secured by a senior priming lien on all of the Debtor's personal property, including accounts, equipment, inventory, deposit accounts, and valuable general intangibles like intellectual property, proprietary recipes, and customer data. To protect professionals, the DIP Facility includes a carve-out of up to $25,000 for the Debtor’s counsel, Seiller Waterman LLC, as well as necessary statutory court fees. The loan agreement outlines several strict conditions subsequent, requiring court approval of an Administrative Services Agreement, the filing of a bid procedures motion, and court approval of the bid procedures and a break-up fee by July 17. The Debtor's pre-petition capital structure features multiple lenders that may assert conflicting claims over its cash collateral. The U.S. Small Business Administration holds a $2 million loan from 2020, which the Debtor believes constitutes a first-priority lien on substantially all assets. Additional pre-petition secured debt includes obligations to Celtic Bank Corporation (serviced by Bluevine Capital Inc.) and a $100,000 loan from SouthState Bank, N.A., though no public UCC financing statement was located for the latter. Furthermore, the Debtor has a series of commercial loans from Celtic Bank that are serviced by Stripe Servicing, Inc., which holds a potential possessory lien on cash collateral by diverting up to 25% of the Debtor's daily point-of-sale transactions. The Debtor also carries a business loan with ODK Capital, LLC (serviced by OnDeck). In seeking to prime these existing security interests under 11 U.S.C. Section 364(d), the Debtor certifies that it made a broad, good-faith effort to secure alternative financing but found it impossible to obtain unsecured or junior-priority credit given its heavy pre-petition debt load. To satisfy the statutory mandate for adequate protection, the Debtor offers granting the pre-petition lenders replacement liens on its post-petition collateral to offset any potential diminution in value during the bankruptcy. Management asserts that entering into the DIP Facility reflects sound business judgment, as the 6% interest rate is highly favorable and well below the current prime rate. To prevent immediate and irreparable harm to the estate, the Debtor requests that the court waive the standard 14-day stay under Bankruptcy Rule 6004(h) and grant expedited interim approval so it can immediately deploy the funds for working capital and payroll in compliance with its 13-week budget. The interim order is available at http://bankrupt.com/misc/PleaseandThankYou_IDIPOrder.pdf About Please & Thank You, LLC Please & Thank You, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Kent. Case No. 26-31515-mbn) on June 2, 2026. In the petition signed by Brooke Vaughn, sole member and president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Mary Elisabeth Naumann oversees the case. Neil C Bordy, Esq., at Seiller Waterman LLC, represents the Debtor as legal counsel. PRIME MEDICINE: Stockholders Elect Directors, Ratify Auditor ------------------------------------------------------------ Prime Medicine, Inc. stockholders elected Michael Kelly and David Schenkein as Class I directors and ratified PricewaterhouseCoopers LLP as the company's 2026 auditor at the June 5 annual meeting, according to a Form 8-K filing. The directors will serve until the company's 2029 annual meeting of stockholders and until their successors are elected and qualified, unless they earlier die, resign or are removed. Kelly received 107,059,058 votes for his election, with 3,047,945 withheld and 30,277,721 broker non-votes. Schenkein received 87,522,409 votes for his election, with 22,584,594 withheld and 30,277,721 broker non-votes. Stockholders ratified PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending Dec. 31, 2026, with 139,989,201 votes for, 101,259 against and 294,264 abstentions. Prime Medicine said 140,384,724 shares were present or represented by proxy at the virtual meeting, establishing a quorum. The company had 180,615,889 shares of common stock outstanding and entitled to vote as of the April 9 record date. About Prime Medicine, Inc. Prime Medicine, Inc. is based in Cambridge, Massachusetts, and is a biotechnology company focused on developing genetic medicines designed to provide durable, potentially curative treatment options for patients with diseases driven by defined genetic alterations, acquired cellular dysfunction or dysregulated gene expression. The company's approach is grounded in Prime Editing, a next-generation gene-editing technology designed to make targeted modifications to genomic DNA without introducing double-stranded breaks. Prime Medicine is advancing wholly owned in vivo programs targeting liver diseases, cystic fibrosis programs supported by the Cystic Fibrosis Foundation and partnered ex vivo programs with Bristol-Myers Squibb. Its lead programs include PM577 for Wilson Disease and PM647 for alpha-1 antitrypsin deficiency, and its initial development priorities include liver, lung and hematologic disorders. In an audit report dated March 3, 2026, PricewaterhouseCoopers LLP included a going concern qualification, stating that Prime Medicine had incurred recurring losses from operations and had an accumulated deficit. The 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 $294.73 million, total liabilities of $218.03 million and total stockholders' equity of $76.70 million. PROFESSIONAL DIVERSITY: Receives Nasdaq Bid Price Deficiency Notice ------------------------------------------------------------------- Professional Diversity Network, Inc. announced in a regulatory filing that it received a written notification from The Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its common stock, par value $0.01 per share, was below $1.00 per share for 30 consecutive business days. Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until December 2, 2026, to regain compliance with the Minimum Bid Price Requirement. During the compliance period, the Company's shares of Common Stock will continue to be listed and traded on the Nasdaq Capital Market. If at any time during the Compliance Period, the bid price of the Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide the Company with written confirmation of compliance with the Minimum Bid Price Requirement and the matter will be closed. If the Company is not in compliance by December 2, 2026, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq with the exception of the Minimum Bid Price Requirement, and will need to provide written notice to Nasdaq of its intent to regain compliance with such requirement during such second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Common Stock will be subject to delisting from the Nasdaq Capital Market. At that time, the Company may appeal any such delisting determination to a Nasdaq hearings panel. The Company intends to continuously monitor the closing bid price for its Common Stock, and is in the process of considering various measures to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will be able to regain or maintain compliance with the Minimum Bid Price Requirement or any other Nasdaq listing standards, that Nasdaq will grant the Company any extension of time to regain compliance with the Minimum Bid Price Requirement or any other Nasdaq listing requirements, or that any such appeal to the Nasdaq hearings panel will be successful, as applicable. About Professional Diversity Professional Diversity Network, Inc., headquartered in Chicago, Illinois, operates online and in-person professional networks with a focus on diversity, employment, and career development. The Company serves women, ethnic minorities, military professionals, persons with disabilities, LGBTQ+ individuals, and students transitioning into the workforce through its technology platform. It runs three business segments: TalentAlly Network, which provides job-seeking communities and career resources for diverse groups and employers; NAPW Network, a women-only professional networking organization; and RemoteMore, a service connecting global companies with software developers. Hong Kong-based SR CPA & Co., the Company's auditor since 2025, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has incurred recurring operating losses, has a significant accumulated deficit, and will need to raise additional funds to meet its obligations and the costs of its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $17.87 million in total assets, $6.69 million in total liabilities, and total stockholders' equity of $11.18 million. PROSPECT MEDICAL: Malpractice Claimants Fight Insurance Agreement ----------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that medical malpractice claimants involved in Prospect Medical Holdings' Chapter 11 proceedings are pushing back against a proposed $26 million settlement with insurers, saying the arrangement unfairly favors insurance carriers at the expense of injury claimants. The objectors have asked the court to deny approval of the agreement. The claimants argue that the settlement includes releases and protections that could limit their rights to pursue recovery on pending or future malpractice claims. They maintain that the proposed resolution does not adequately compensate those who may have suffered harm and fails to maximize available insurance proceeds. Supporters of the settlement contend that the agreement provides certainty and immediate value to the bankruptcy estate while resolving complex coverage disputes. The court will ultimately determine whether the settlement is fair and in the best interests of stakeholders, the report relays. About Prospect Medical Holdings Prospect Medical Holdings owns Roger Williams Medical Center, Our Lady of Fatima Hospital, and several other healthcare facilities. Prospect Medical and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 25-80002) on Jan. 11, 2025. In the petition filed by Paul Rundell, as chief restructuring officer, Prospect listed assets and liabilities between $1 billion and $10 billion each. Bankruptcy Judge Stacey G. Jernigan handles the case. The Debtors' general bankruptcy counsel is Sidley Austin LLP, led by Thomas R. Califano, and Rakhee V. Patel, in Dallas, Texas; and William E. Curtin, Patrick Venter, and Anne G. Wallice, in New York. Alvarez & Marsal North America, LLC, is the Debtors' financial advisor; Houlihan Lokey, Inc., is the investment banker; and Omni Agent Solutions, Inc., is the claims, noticing and solicitation agent. PUERTO RICO: 1st Circuit Denies Bankruptcy Shield for Officials --------------------------------------------------------------- Carolyn Muyskens of Law360 Bankruptcy Authority reports that the First Circuit has ruled that government officials in Puerto Rico cannot rely on the territory's financial restructuring to avoid lawsuits alleging civil rights violations. The court rejected arguments that PROMESA proceedings effectively barred claims seeking damages from officials in their individual capacities. According to the appellate panel, the restructuring framework protects the Commonwealth and its finances but does not extend immunity to public servants facing personal liability claims. The judges emphasized that the lawsuit seeks relief from the individuals rather than the government treasury. The ruling clears the way for the plaintiffs to proceed with their case and provides guidance on the scope of legal protections available during Puerto Rico's ongoing restructuring efforts. The decision reinforces that personal-capacity claims remain viable despite broader governmental bankruptcy protections, the report states. About the Commonwealth of Puerto Rico; Puerto Rico Electric Power Authority (PREPA) PREPA is a self-governing commonwealth in association with the United States. The chief of state is the President of the United States of America. The head of government is an elected Governor. There are two legislative chambers: the House of Representatives, 51 seats, and the Senate, 27 seats. The governor-elect is Ricardo Antonio Rossello Nevares, the son of former governor Pedro Rossello. In 2016, the U.S. Congress passed PROMESA, which, among other things, created the Financial Oversight and Management Board and imposed an automatic stay on creditor lawsuits against the government, which expired May 1, 2017. The members of the oversight board are: (i) Andrew G. Biggs, (ii) Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J. Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii) David A. Skeel Jr. On May 3, 2017, the Commonwealth of Puerto Rico filed a petition for relief under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). The case is pending in the United States District Court for the District of Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico PROMESA petition is available at http://bankrupt.com/misc/1701578-00001.pdf On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation (COFINA) commenced a case under Title III of PROMESA (D.P.R. Case No. 17-01599). Joint administration has been sought for the Title III cases. On May 21, 2017, two more agencies; Employees Retirement System of the Government of the Commonwealth of Puerto Rico and Puerto Rico Highways and Transportation Authority (Case Nos. 17-01685 and 17-01686) commenced Title III cases. U.S. Chief Justice John Roberts named U.S. District Judge Laura Taylor Swain to preside over the Title III cases. The Oversight Board has hired as advisors, Proskauer Rose LLP and Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic consultant, Citigroup Global Markets as municipal investment banker, and Ernst & Young, as financial advisor. Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M. Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq., at O'Neill & Borges LLC are onboard as attorneys. Prime Clerk LLC is the claims and noticing agent. Prime Clerk maintains the case Web site https://cases.primeclerk.com/puertorico Jones Day is serving as counsel to certain ERS bondholders. Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General Obligation Bondholders. PURE SCIENCE: Wins Interim Cash Collateral Access ------------------------------------------------- Pure Science Lab Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, Fort Lauderdale Division, to use cash collateral. The debtor is authorized to use cash collateral in accordance with an approved budget, subject to a maximum 10% variance for any individual budget line item unless otherwise agreed by secured creditors or authorized by the court. The court also directed the debtor to update its budget to reflect monthly adequate protection payments and the Subchapter V Trustee's postpetition retainer. As adequate protection, the Small Business Administration (SBA) was granted a replacement lien on all postpetition cash collateral to the same extent, validity, and priority as its prepetition interest, but only to the extent of any decline in collateral value caused by the debtor's use of cash collateral. Beginning May 1, 2026, the debtor must make monthly adequate protection payments of $1,100 to the SBA, with a five-business-day cure period following notice of any payment default. The order further provides a carve-out protecting payment of court fees, Office of the United States Trustee fees (if applicable), and approved professional fees, including those of the Subchapter V Trustee and debtor's professionals. All rights and claims of the debtor, lenders, and other parties remain reserved, and the interim order is without prejudice to requests for additional relief or modifications. A final hearing on the cash collateral motion is scheduled for June 23. About Pure Science Lab Inc. Pure Science Lab Inc. is a provider of hemp-derived cannabidiol products, offers oils, capsules, gummies, concentrates, topical creams, and pet formulations for the health and wellness market. The company focuses on sourcing organic hemp and producing non-psychoactive CBD extracts, with a product portfolio that includes tinctures, softgels, and topical applications distributed to individual consumers seeking plant-based wellness products. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14210) on April 3, 2026. In the petition signed by Steven Pomerantz, president, the Debtor disclosed $66,485 in assets and $1,296,462 in liabilities. Judge Peter D. Russin oversees the case. Chad Van Horn, Esq., at Van Horn Law Group, P.A., represents the Debtor as bankruptcy counsel. PWB LAND: Taps Broker Real Estate Firm as Real Estate Broker ------------------------------------------------------------ PWB Land Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to retain and employ the Broker Real Estate Firm as its real estate broker. The firm will provide these services: (a) using reasonable efforts to act diligently to market River Oaks for sale, procure a buyer, and negotiate the sale of River Oaks; (b) advertise River Oaks through means including but not limited to, placing a "For Sale" sign, creating or placing information, internet; (c) disseminate information about River Oaks to other realtors and prospects, including applicable disclosures, and notices concerning the Debtor's property; (d) marketing and advertisement of River Oaks in order to procure potential buyers; and (e) assist the Debtor with real estate strategy. The firm will be compensated in the form of a 6 percent commission of the sales price. THE BROKER Real Estate Firm is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings and that the firm does not hold or represent an interest adverse to the Debtor or the Debtor's estate and is not owed any amounts by the Debtor as of the petition date. The firm can be reached at: Rico Rodriguez THE BROKER Real Estate Firm 1230 10th Street Huntsville, TX 77320 Telephone: (936) 412-292 Facsimile: (936) 314-2020 E-mail: rico@thebrokertx.com About PWB Land Holdings, LLC PWB Land Holdings, LLC is believed to operate as a real estate holding and land investment company focused on property ownership and asset management activities. PWB Land Holdings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-33201) on May 4, 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 Susan Tran Adams, Esq. of Tran Singh LLP. QUICK PRINTS: Gets Final OK to Use Cash Collateral -------------------------------------------------- Quick Prints, LLC on June 17 received final approval from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. Under the final order, the Debtor is authorized to use cash collateral such as cash and account receivables to pay its expenses based on a court-approved budget. This authorization remains effective until further court order. The Debtor previously operated under two interim cash collateral orders since filing for Chapter 11 protection on May 11. The creditors asserting security interests in substantially all of the Debtor's assets including cash collateral are the U.S. Small Business Administration and another unidentified secured claimant that filed a UCC-1 financing statement in 2023. As adequate protection, the secured creditors will be granted perfected post-petition replacement liens on their pre-petition collateral, with the same validity, priority and extent as their alleged pre-petition liens. In case the replacement liens prove inadequate, the secured creditors will receive superpriority administrative expense claims. The final order is available at http://bankrupt.com/misc/QuickPrints_FCCOrder.pdf About Quick Prints LLC Quick Prints, LLC is a commercial printing business. Quick Prints filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-16091) on May 11, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Williamsen Exemar, owner and president of Quick Prints, signed the petition. Judge Scott M. Grossman oversees the case. The Debtor tapped Andrew Kamensky, Esq., at Tax Workout Group, PA as legal counsel and Tax Compliance Group, LLC as accountant. Tarek Kiem, Esq., at Kiem Law, PLLC serves as Subchapter V trustee for the Debtor. RAD DIVERSIFIED: Court OKs Delaware Property Sale at Auction ------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, has granted RAD Diversified REIT Inc. and its affiliates, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the record title owner of the Property, which is consists of one unimproved lot in Delaware County, Pennsylvania. https://urlcurt.com/u?l=oU0GGw The Debtor is authorized to sell the Property, through SoldNow, LLC dba Tranzon Driggers, pursuant to the procedures in the Motion and on the terms and conditions set forth in the Auction Application. Notwithstanding anything to the contrary in the Motion or the Auction Application, as set forth at the Hearing, the Debtor may require a bid deposit in the form of a $2,000.00 credit card hold from potential purchasers of the Property in lieu of a cash bid deposit. All Encumbrances other than municipal liens, if any, shall attach to the proceeds of the sale of the Property with the same extent, validity, and priority as existed on the Petition Date. The Debtor shall file a report of the auction results within five business days after the date the auction of the Property is concluded and shall subsequently file a motion to approve the sale of the Property and determine disbursement of the proceeds from the auction of the Property. 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: Court OKs Philadelphia Properties Sale at Auction ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, has granted RAD Diversified REIT Inc. and its affiliates, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the record title owner of the Property, which is consists of 23 unimproved lots in Philadelphia, more particularly described on Exhibit A. https://urlcurt.com/u?l=vLtpJ9 The Debtor is authorized to sell the Property, through SoldNow, LLC dba Tranzon Driggers, pursuant to the procedures in the Motion and on the terms and conditions set forth in the Auction Application. Notwithstanding anything to the contrary in the Motion or the Auction Application, as set forth at the Hearing, the Debtor may require a bid deposit in the form of a $2,000.00 credit card hold from potential purchasers of the Property in lieu of a cash bid deposit. All Encumbrances other than municipal liens, if any, shall attach to the proceeds of the sale of the Property with the same extent, validity, and priority as existed on the Petition Date. 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. REBORN COFFEE: Co-CEO Jay Kim Resigns; Lim Assumes Full CEO Role ---------------------------------------------------------------- Reborn Coffee, Inc. announced in a regulatory filing that Jay Kim resigned as Co-Chief Executive Officer of the Company and the Board accepted the resignation, effective immediately. The Company's Board of Directors appointed Jung Jae Lim, who had served as Co-Chief Executive Officer and Director of Reborn Coffee since March 2026, to assume full responsibilities as Chief Executive Officer as part of a natural leadership transition given the Company's strategic direction and priorities. Mr. Lim is an experienced business leader with a strong track record of operational and strategic execution, and the Board expressed its full confidence in his ability to lead the Company forward. Mr. Lim has more than 20 years of leadership experience in logistics and supply chain management, with a background overseeing large-scale operations, multi-node distribution networks, and end-to-end supply chain execution across multiple sectors. "On behalf of the Board of Directors, I would like to express our gratitude to Jay for his contributions to the Company and its founding vision, and express our full confidence in Mr. Lim's ability to lead Reborn Coffee through its next chapter," said Farooq M. Arjomand, Chairman of the Board. "This transition reflects a natural evolution of the Company's leadership structure and the Board is aligned on its strategic direction and priorities ahead." The Board of Directors affirmed that this leadership transition will have no impact on the Company's day-to-day operations, ongoing domestic and international expansion plans, franchise development initiatives, or financial reporting obligations. About Reborn Coffee Brea, Calif.-based Reborn Coffee, Inc. (NASDAQ: REBN) -- https://www.reborncoffee.com/ -- is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn differentiates themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. As of March 31, 2026, the Company had $14.2 million in total assets, $10.7 million in total liabilities, and $3.4 million in total stockholders' equity. Irvine, Calif.-based BCRG Group, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 22, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company's significant operating losses raise substantial doubt about its ability to continue as a going concern. REGAL INVESTMENT: Claims to be Paid from Property Sale Proceeds --------------------------------------------------------------- Regal Investment Properties LLC filed with the U.S. Bankruptcy Court for the Central District of California a Plan of Reorganization dated June 8, 2026. The Debtor was formed in California on August 16, 2023, as a California limited liability corporation. The Debtor was formed for the purpose of owning and operating real property. The managing members are Justin James Aguilera and Candace Morgan Aguilera. On February 21, 2020, the Aguilaras purchased a real property located at 25665 Mulholland Hwy., Calabasas, California 91302, for the dual purpose of serving as their primary residence and as the principal place of business for their entity called Illuminati Cosmetics LLC. The Aguileras obtained a loan from Select Portfolio Servicing ("SPS") to finance the purchase of the property. Following the Palisades Fire in January 2025, Aguilera Global Corporation experienced a decline in revenue and ultimately ceased making rental payments. The loss of this income stream created significant financial strain, leaving the Debtor unable to continue servicing the mortgage as originally structured. Rather than allow the situation to deteriorate, the Debtor made the proactive decision to sell the property to satisfy the outstanding mortgage. The Debtor owns a residential real property located at 25665 Mulholland Hwy., Calabasas, California 91302 (the "Property") and values it at $6,399,000. The value is based on the current listing price, as of June 8, 2026. Currently, the Debtor has minimal funds in the DIP account as it is not generating rental revenue. The Debtor intends to sell the Property preconfirmation and pay all the remaining claims in full on the Effective Date. The Debtor believes that the net proceeds will be sufficient to pay all remaining claims in full at the Effective Date. The Brokers remain committed to actively marketing the property and pursuing all reasonable opportunities to secure a qualified buyer and complete a successful transaction. Historically, June, July are August are the prime time for real estate sales, and the Debtor is confident it will receive a firm offer to purchase during this period. Therefore, the Debtor believes that a sale will conservatively close no later than August 2026. Class 3 consists of General Unsecured Claims. In the present case, the Debtor estimates that general unsecured debts total approximately $218.69. The only claimant in this class is the FTB and this amount will be paid in full on the Effective Date. This Class is impaired. Class 4 consists of Interest Holders. The Debtor's owners will retain their ownership interest in the Debtor. The Debtor will fund the Plan with the net proceeds from the preconfirmation sale of the Property, and the other funds that it has/will have accumulated in its DIP bank accounts. The Debtor's projections are attempting to conservatively demonstrate that the Debtor is reasonably likely to be able to make all its proposed payments to its creditors. A full-text copy of the Plan of Reorganization dated June 8, 2026 is available at https://urlcurt.com/u?l=5yTne5 from PacerMonitor.com at no charge. Counsel to the Debtor: Roksana D. Moradi-Brovia, Esq. W. Sloan Youkstetter, Esq. RHM Law LLP 17609 Ventura Boulevard, Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 E-mail: roksana@RHMFirm.com About Regal Investment Properties Regal Investment Properties LLC was formed for the purpose of owning and operating real property. The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10496) on Mar. 10, 2026. In the petition signed by Justin James Aguilera, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Martin R. Barash oversees the case. The Debtor is represented by Roksana D. Moradi-Brovia, Esq., at RHM Law LLP. RELIZ TECHNOLOGY: Judge Approves $3.25MM Asset Sale in Chapter 11 ----------------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that BlockFills, a cryptocurrency financial technology firm, has received approval from a Delaware bankruptcy judge for a $3.25 million asset sale to a Belgium-based digital asset investment group. The approval comes as the company continues to navigate Chapter 11 proceedings. According to court filings, the sale was deemed to be in the best interest of the estate, providing value to creditors while allowing the debtor to shed certain operations. The court's ruling clears the way for the transaction to proceed under bankruptcy supervision. The deal represents part of BlockFills' broader effort to stabilize its financial position through asset sales and restructuring initiatives. Completion of the transaction will depend on satisfaction of closing conditions, according to report. About Reliz Technology Group Holdings Inc. Reliz Technology Group Holdings Inc. together with affiliates Reliz Ltd., Reliz Technologies LLC, and Reliz CI Ltd., operates the BlockFills digital-asset trading and liquidity platform, offering institutional clients spot and derivatives trading, collateralized lending, and mining solutions. Founded in 2017, the group aggregates liquidity from a global network of exchanges and market makers, integrating smart order routing, trade reconciliation, and risk management through a multi-asset technology platform with FIX API connectivity and white-label software. Headquartered in Chicago, Illinois, it also maintains offices in London, Dubai, Sao Paulo, and the Cayman Islands. Reliz and three affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10371) on March 15, 2026. In the petition signed by Joseph Perry, interim chief executive officer, Reliz disclosed assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. Judge Thomas M Horan oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Katten Muchin Rosenman, LLP as bankruptcy-co-counsel; Berkeley Research Group, LLC as financial advisor; and Verita Global, LLC as claims agent. RELLIS CAMPUS: Sale Hearing Scheduled for June 24 ------------------------------------------------- On May 20, 2026, RELLIS Campus Data and Research Center, LLC, et al., the debtors and debtors in possession (collectively, the "Debtors") filed with the Court their Motion For Entry of an Order (I) Authorizing and Approving the Sale of Substantially All of the Debtors' Assets Free and Clear of Liens, Claims, Encumbrances and Other Interests Pursuant to 11 U.S.C. Sec. 363(b) and (f), (II) Authorizing the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases Pursuant To 11 U.S.C. Sec. 365, and (III) Granting Related Relief (the "Sale Motion"). Any objections to the relief requested in the Sale Motion as it relates to the Sale of the Purchased Assets outside the ordinary course of business (a "Sale Objection") must: (a) set forth in writing and describe with specificity the factual and legal basis for the Sale Objection; (b) comply with the Bankruptcy Rules and Bankruptcy Local Rules; and (c) be filed with the Clerk of the Court no later than 5:00 p.m. (prevailing Central Time) on June 18, 2026 (the "Objection Deadline"), unless otherwise ordered by the Court. The failure of any person or entity to file a Sale Objection by the Objection Deadline shall be deemed a consent to the Sale of the Purchased Assets outside the ordinary course of business and the other relief requested in the Sale Motion. A hearing (the "Sale Hearing") shall be held before the Honorable Alfredo R. Pérez, United States Bankruptcy Judge, at the United States Bankruptcy Court for the Southern District of Texas on June 24, 2026 at 3:00 p.m. (prevailing Central Time), or as soon thereafter as counsel may be heard. The Debtors shall appear before the Court at the Sale Hearing and seek entry of an order: (a) authorizing the Sale of the Purchased Assets by the Debtors to the Purchaser; (b) authorizing the assumption and assignment of certain executory contracts and unexpired leases; and (c) granting certain related relief. Attorneys for the Debtors: Christopher Adams, Esq. John Thomas Oldham, Esq. 1113 Vine St., Suite 240 Houston, TX 77002 Tel: (713) 228-4100 Fax: (346) 247-7158 E-mail: cadams@okinadams.com joldham@okinadams.com About RELLIS Campus Data and Reserch Center 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. Tex. Lead Case No. 25-90666) on Nov. 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. ROCKY MOUNTAIN: American Heritage Railways Holds 8.68% Stake ------------------------------------------------------------ American Heritage Railways, Inc. and Allen C. Harper, disclosed in a Schedule 13D (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of the date of the filing, they beneficially own the following of Rocky Mountain Chocolate Factory, Inc.'s Common Stock, $0.001 par value per share (based on 9,332,822 shares outstanding as of January 8, 2026, as reported in the Company's Form 10-Q for the fiscal quarter ended November 30, 2025): * American Heritage Railways, Inc.: 810,459 shares (approximately 8.68%), with shared voting power and shared dispositive power. * Allen C. Harper: 812,370 shares (approximately 8.70%), with sole voting power and sole dispositive power over 1,911 shares and shared voting power and shared dispositive power over the 810,459 shares held by American Heritage Railways, Inc. Between February 19, 2026, and May 14, 2026, the Reporting Persons sold an aggregate of 189,541 shares in open-market transactions at prices ranging from $2.45 to $2.6191 per share for investment and portfolio management purposes. Allen C. Harper no longer serves in any capacity with the Issuer and is a private investor. American Heritage Railways may be reached through: Allen C. Harper, Chief Executive Officer American Heritage Railways, Inc. 479 Main Avenue Durango, CO 81301-5421 Tel: (970) 259-0274 A full-text copy of American Heritage Railways, Inc. and Allen C. Harper's SEC report is available at: About Rocky Mountain Chocolate Factory Durango, Colo.-based Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer, and retail operator. Founded in 1981, the Company produces an extensive line of premium chocolate candies and other confectionery products. Los Angeles, California-based CohnReznick LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated May 29, 2026, attached to the Company's Annual Report on Form 10-K for the year ended February 28, 2026, citing that the Company has incurred recurring losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. As of February 28, 2026, the Company had $20.2 million in total assets, $15 million in total liabilities, and $5.2 million in total stockholders' equity. SABLE OFFSHORE: G. Pipkin Elected to Board; Auditor Reappointed --------------------------------------------------------------- Sable Offshore Corp. has announced in a regulatory filing the final voting results from its Annual Meeting of Stockholders. The following are the matters voted upon at the Annual Meeting and the final results of the votes on such matters: 1. Election of Gregory P. Pipkin as Class II director to serve until the Company's 2029 Annual Meeting of Stockholders, and until his successor is duly elected and qualified: Votes For: 78,146,530 Votes Against: 1,507,507 Abstentions: 15,327,544 Broker Non-votes: 20,452,967 Based on the votes set forth, Mr. Pipkin was duly elected. 2. Ratification of the appointment of Ham, Langston & Brezina, L.L.P., as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026: Votes For: 115,162,359 Votes Against: 28,522 Abstentions: 243,667 Based on the votes set forth above, the appointment of Ham, Langston & Brezina, L.L.P. as the Company's independent registered public accounting firm for the fiscal year ended December 31, 2026, was duly ratified. About Sable Offshore Corp. Sable Offshore Corp. (formerly known as Flame Acquisition Corp. is an independent oil and gas Company headquartered in Houston, Texas. Flame was initially formed as a special purpose acquisition Company for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company's independent auditor, Ham, Langston & Brezina, L.L.P., based in Houston, Texas, and serving since 2024, included a "going concern" qualification in its report dated February 27, 2026, attached to the Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2025 citing that uncertainties related to obtaining the remaining regulatory approvals necessary to resume sales of production, along with the uncertainty of obtaining additional financing, or refinancing the Senior Secured Term Loan raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $1.7 billion in total assets, $1.3 billion in total liabilities, and $421.9 million in total stockholders' equity. SAMBUCA HOUSTON: Commences Chapter 7 Bankruptcy in Texas -------------------------------------------------------- On June 8, 2026, Sambuca Houston LP filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Eastern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on July 10, 2026 at 01:00 PM via Zoom - Weisbart: Meeting ID 414 266 8024, Passcode 5638463135, Phone 1 469-382-2927). About Sambuca Houston LP Sambuca Houston LP is a hospitality and restaurant operator known for operating a venue that combines dining, live music, and entertainment. The company is part of the Sambuca brand, which has operated upscale restaurant and music venues in several U.S. markets. Sambuca Houston LP sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-42010) on June 8, 2026. In its petition, the Debtor reports estimated assets of $0 to $100,000 and estimated liabilities ranging from $1 million to $10 million. Honorable Chief Bankruptcy Judge Brenda T. Rhoades handles the case. The Debtor is represented by Robert DeMarco III, Esq. Mark A. Weisbart serves as Interim Trustee. SANDRIDGE EQUITY: Involuntary Chapter 11 Case Summary ----------------------------------------------------- Alleged Debtor: Sandridge Equity Group Inc. 120 Galice Road Merlin OR 97532 Involuntary Chapter 11 Petition Date: June 10, 2026 Court: United States Bankruptcy Court District of Oregon Case No.: 26-61600 Judge: Hon. Kathryn F Evans Petitioners' Counsel: Unknown A full-text copy of the Involuntary Petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OTVV4UI/Sandridge_Equity_Group_Inc__orbke-26-61600__0001.0.pdf?mcid=tGE4TAMA Alleged creditor who signed the petition: Petitioner Nature of Claim Claim Amount David Miller $186,212 5351 Shrewsbury Avenue Westminster, CA 92683 SEATON INVESTMENTS: Seeks to Sell Los Angeles Property at Auction ----------------------------------------------------------------- Seaton Investments LLC and its affiliate, Broadway Avenue Investments, LLC, seek approval from the U.S. Bankruptcy Court for the Central District of California, Los Angeles division, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor's primary asset, 737 S. Broadway, Los Angeles, CA, 90014. The Debtors employ Kidder Mathews and Elizabeth Clark as real estate broker. Broadway was formed in July 2013 for the purpose of acquiring, developing, and operating the Property. Broadway's membership consists of: the Halevy Trust (Susan Halevy, beneficial owner); the G&H Trust (Alan Gomperts and Sharon Gomperts, beneficial owners of community property); and Daniel Halevy. Broadway acquired the Property in 2013. The Property is an eight-story structure. At the time it was acquired by Broadway, only the ground floor was habitable. Broadway understands the seven higher floors have not been occupied since the 1950s. In 2015, Broadway entered into a 15-year lease with The GAP for the ground floor of the Property and developed a plan to remodel and modernize the entire Property to make every floor habitable and available to lease to commercial tenants. The lienholders of the Property are Archway Broadway Loan SPE, LLC, Negev Investments, LLC, and SLA Investments, LLC. With an end to the remodel and modernization in sight, Broadway refinanced its outstanding loans with a single loan from Archway Broadway Loan SPE, LLC in July 2021, in the original principal amount of $16,942,500. The Broadway Loan was guaranteed by David Halevy, Daniel Halevy, and Alan Gomperts. On February 4, 2026, Broadway and Stalking Horse Purchaser entered into the Stalking Horse APA. An escrow with Wilshire Escrow Company was established to close the Sale. The Stalking Horse Purchaser wired the $100,000 deposit to Escrow on February 20, 2026. The Property will be sold, in fee simple, free and clear of all liens, claims, encumbrances. Buyer will not assume, be obligated to pay, perform or otherwise discharge or in any other manner be liable or responsible for any liabilities of the Seller. The initial Overbid shall be a minimum of $12,850,000 Each Overbid shall be in increments of not less than $250,000 over the Stalking Horse Bid or an accepted Overbid, as the case may be. Any Overbid submitted by an Overbidder is subject to a 2% broker commission due to the Broadway Broker. The Broadway Broker is not due any Broadway Broker Commission if the Property is sold to the Stalking Horse Purchaser unless the Stalking Horse Purchaser is selected as the Buyer on an Overbid at an Auction, in which case the Broadway Broker Commission shall be the greater of $50,000 or 2% of the Cash Proceeds in excess of $12,000,000. In order to be eligible to participate in the Auction, the Debtor has asked that any Qualified Bidder that desires to make a bid will deliver, by not later than 4:00 pm (Pacific Time), two business days prior to the Auction. If no Qualified Bid (other than that of the Stalking Horse Bidder) is received by the Bid Deadline, then the Stalking Horse Bidder shall be deemed the Successful Bidder, there will be no Auction and the Debtor will seek approval of the Stalking Horse APA at the Sale Hearing. If any Qualified Bid (other than that of the Stalking Horse Bidder) is received by the Bid Deadline, then the Debtor shall conduct the Auction to determine the bidder to become the Successful Bidder. The Auction, if required, shall be held at least 45 days following the Bidding Procedures Hearing. Archway will be permitted to submit an Overbid and participate as a bidder in the sale process and credit bid the full amount of the Broadway Lien as of the Auction. The Debtor proposes to deliver the Notice and Bidding Procedures Order to any party thatexpresses or has expressed an interest in participating in the bidding process and to any persons known or reasonably believed to have asserted an interest in the Property. The Debtor believes that the Broadway Broker's retention is in the best interest of the Debtor’s estate. The Broadway Broker received no payment from the Debtor for its prepetition or postpetition marketing efforts of the Property. If the Property is sold to any Buyer other than the Stalking Horse Purchaser and those parties identified as Excluded Parties in the Clark Declaration, Broadway Broker shall be entitled to the 2% Broadway Broker Commission calculated on the Cash Proceeds. The Debtor intends to request at the Sale Hearing a finding that the Buyer is a good faith purchaser entitled to the protections. The Debtor's selection of the Successful Bidder will be the product of arms-length, good faith negotiations in an anticipated competitive purchasing process. About Seaton Investments Seaton Investments, LLC, is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). Seaton Investments filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-12079) on March 19, 2024, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Alan D. Gomperts as managing member. Judge Vincent P. Zurzolo presides over the case. Derrick Talerico, Esq., at Weintraub Zolkin Talerico & Selth, LLP, is the Debtor's legal counsel. SHORT PAR 4: Gets Interim OK to Use Cash Collateral --------------------------------------------------- Short Par 4 LLC received interim approval from the U.S. Bankruptcy Court for the Middle District of Florida to use cash collateral. Under the interim order, the Debtor is permitted to use cash collateral for court-authorized payments including U.S. Trustee fees; operating expenses listed on its approved budget, with flexibility of up to 10% for each budget category; and additional payment subject to approval by Itria Ventures LLC, a secured creditor. As adequate protection, Itria will be granted a perfected post-petition lien against cash collateral to the same extent and with the same validity and priority as its prepetition lien, without the need to file or execute any document as may otherwise be required under applicable non bankruptcy law. The court deferred ruling on the Debtor's request to make weekly adequate protection payments of $12,500 to Itria. Any objections to those proposed payments must be filed by June 30. Meanwhile, creditors holding security interests in cash collateral received replacement liens on post-petition cash collateral with the same validity, priority, and extent as their prepetition liens. A continued hearing is scheduled for July 7. A copy of the court's order and the Debtor's budget is available at https://urlcurt.com/u?l=2oFicY from PacerMonitor.com Short Par 4 operates a nationwide subscription model in which members receive curated monthly golf apparel and accessories selected according to individual preferences, along with access to an online retail platform and in-house branded merchandise. The Debtor's secured debt primarily consists of obligations to merchant cash advance lenders rather than traditional bank financing. The two identified funders are Itria Ventures LLC, with an approximate claim of $525,000, and Shopify Capital Inc., with an approximate claim of $177,891, for a total of about $702,891 in secured indebtedness as of the petition date. These funders assert interests in the Debtor's accounts receivable and related cash flows, which constitute cash collateral under 11 U.S.C. Section 363(a). The Debtor also notes a prepetition settlement agreement with Itria requiring ongoing weekly payments of $12,500, which it characterizes as part of a senior secured structure, and proposes to continue those payments during the Chapter 11 case. Shopify Capital is described as a purported junior lienholder, but the Debtor asserts that its lien may be unperfected due to the absence of a filed UCC-1 financing statement. At the time of filing, the Debtor reported approximately $165,422 in cash on hand, about $1.5 million in inventory, and roughly $531,927 in pending merchant receivables from subscription renewals billed on June 1, which were expected to be collected shortly thereafter. These receivables and related cash flows are central to the cash collateral dispute, as the funders claim security interests in them. About Short Par 4, LLC Short Par 4, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 8:26-bk-04747) on June 2, 2026. In the petition signed by Robert Dimeo, manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Caryl E. Delano oversees the case. Matthew D. Hale, Esq., at Stichter, Riedel, Blain & Postler, PA, represents the Debtor as legal counsel. SIMAD HOLDINGS: Gets Court OK to Tap $15.6MM Cash for Summer Camps ------------------------------------------------------------------ Hilary Russ of Law360 Bankruptcy Authority reports that SIMAD Holdings Ltd., a Connecticut-based owner and operator of overnight and day camps, received bankruptcy court authorization Wednesday to draw on part of its $15.6 million cash balance as it rushes to launch 30 summer camp programs for the 2026 season. The company said the funds are needed to ensure uninterrupted operations and to meet obligations to employees and suppliers ahead of opening dates. The debtor entered Chapter 11 proceedings in New Jersey on June 4 after reporting liabilities exceeding $500 million. Since filing, the company has sought emergency relief allowing it to access operating funds, arguing that the seasonal nature of its business makes the weeks before camp openings particularly important. The camps generate much of their annual revenue during the summer months, according to report. Judge Christine Gravelle's order gives SIMAD additional flexibility to pay workers, purchase supplies, and maintain services while the restructuring process moves forward. Company representatives have maintained that campers and families should not experience disruptions, and the camps are expected to open as planned despite the bankruptcy case, the report states. About SIMAD Holdings LLC SIMAD Holdings LLC company operates a portfolio of camp and recreational facilities that provide seasonal educational and outdoor experiences for children and young adults. SIMAD Holdings sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16515) on June 4, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. SIMPLY INTERIOR: Retains Goodwin Procter as Restructuring Counsel ----------------------------------------------------------------- Simply Interior Homes, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to retain Goodwin Procter LLP as their restructuring counsel. The firm will provide these services: (a) advising the Debtors with respect to their powers and duties as debtors and debtors in possession in the continued management and operation of their business and properties; (b) attending meetings and negotiating with representatives of creditors and other parties-in-interest, and advising and consulting on the conduct of the Chapter 11 Cases, including all of the legal and administrative requirements of operating in chapter 11; (c) taking approved 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 Debtors' estates, negotiations concerning litigation in which the Debtors may be involved and objections to claims filed against the Debtors' estates; (d) preparing on behalf of the Debtors all requested motions, applications, answers, orders, reports and papers necessary to the administration of their estates; (e) advising the Debtors in connection with any sales of assets; (f) advising the Debtors concerning executory contract and unexpired lease assumptions, assignments and rejections; (g) assisting the Debtors in reviewing, estimating and resolving claims asserted against the Debtors' estates; (h) preparing and negotiating on the Debtors' behalf a plan of reorganization, a disclosure statement and all related agreements and/or documents and taking any necessary action on behalf of the Debtors to obtain confirmation of such plan; (i) appearing before this Court, any appellate courts, and the U.S. Trustee and protecting the interests of the Debtors' estates before such courts and the U.S. Trustee; and (j) performing as requested all other necessary legal services and providing all other necessary legal advice to the Debtors in connection with the Chapter 11 Cases. Goodwin's standard hourly rate ranges are $1,475 to $2,625 for partners, $1,250 to $2,475 for counsel, $995 to $1,495 for associates, and $375 to $815 for paralegals. The firm received a prepetition retainer totaling $650,000. As of the Petition Date, the remaining balance of the retainer was $196,128.70. Goodwin Procter LLP is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm's lead professionals can be reached at: Kizzy L. Jarashow, Esq. Barry Z. Bazian. Esq. Stacy Dasaro, Esq. Artem Skorostensky, Esq. GOODWIN PROCTER LLP The New York Times Building 620 Eighth Avenue New York, NY 10018-1405 Telephone: (212) 813-8800 Facsimile: (212) 355-3333 E-mail: kjarashow@goodwinlaw.com bbazian@goodwinlaw.com sdasaro@goodwinlaw.com askorostensky@goodwinlaw.com About Simply Interior Homes, LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP represent the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, their sales agent is Rock Creek Advisors LLC and their claims and noticing agent is Epiq Corporate Restructuring LLC. SIMPLY INTERIOR: Retains Reflect Advisors as CRO and Advisor ------------------------------------------------------------ Simply Interior Homes, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to retain Reflect Advisors, LLC to provide financial restructuring advisory services and to designate Adam Zalev as chief restructuring officer. The firm will provide services that include: (a) assisting management with the day-to-day operations of the Debtors' business; (b) representing the Debtors in negotiations with lenders, vendors, customers, and other stakeholders; (c) developing and monitoring cash flow forecasts and liquidity reporting tools; (d) assisting with strategic and restructuring initiatives; (e) communicating with stakeholders and implementing risk mitigation measures; (f) overseeing accounts payable and cash disbursement processes; (g) assisting with the preparation of Chapter 11 petitions, schedules, statements, and monthly operating reports; (h) participating in financing matters, asset sales, and plan formulation; (i) analyzing contracts, leases, and claims; (j) providing testimony and expert witness services when necessary; and (k) performing other restructuring and advisory services as requested by the Debtors. Reflect Advisors will be compensated at hourly rates ranging from $400 to $660, depending on the professional providing services. Adam Zalev, serving as CRO, will bill at an hourly rate of $660. The firm will also be reimbursed for reasonable out-of-pocket expenses. According to court filings, Reflect Advisors and Mr. Zalev are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code and do not hold interests adverse to the Debtors' estates. The firm can be reached at: Adam Zalev Reflect Advisors, LLC 609 Bowling Avenue Nashville, TN 37215 About Simply Interior Homes, LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP represent the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, their sales agent is Rock Creek Advisors LLC and their claims and noticing agent is Epiq Corporate Restructuring LLC. SIMPLY INTERIOR: Seeks Approval to Hire Rock Creek as Sales Agent ----------------------------------------------------------------- Simply Interior Homes, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Rock Creek Advisors, LLC to serve as their sales agent. The firm will provide these services: (a) develop a list of available assets for sale, including fixed assets, contracts, inventory, IP, accounts receivable, licenses, tax assets (NOLs and ERTC), and intangibles; (b) prepare a sale memo to market the Debtors’ assets; (c) develop a target list of potential buyers with input from the Debtors; (d) organize due diligence materials in a confidential virtual data room; (e) collect and assist in execution of NDAs; (f) assist in determining whether an auction or term sheet process will maximize value; (g) manage the sale process and due diligence inquiries; (h) establish bidding and auction/term sheet procedures; (i) assist in qualifying bidders; (j) communicate auction and bidding rules to Qualified Bidders; (k) assist in preparation and negotiation of bid term sheets; (l) collect and hold bidder deposits; (m) assist in preparation and negotiation of asset purchase agreements and related transaction documents; (n) identify and solicit stalking horse bidders and negotiate bid terms and protections; (o) conduct auction proceedings, if applicable; (p) return deposits to non-winning bidders; (q) facilitate closing of transactions; (r) provide testimony in support of sale-related relief; and (s) assist with debtor-in-possession financing, including sourcing lenders, preparing term sheets, evaluating proposals, negotiating terms, and supporting court approval processes. Rock Creek Advisors, LLC will receive compensation as follows: – Monthly fee of $35,000, payable for the first 3 months of the engagement – Sale Transaction Success Fee equal to 6% of Transaction Value, subject to a minimum of $150,000 and a cap of 25% of Transaction Value – Centre Lane Transaction Success Fee equal to 2% of Transaction Value for transactions involving Centre Lane Partners LLC or its affiliates, with no minimum or cap – Reimbursement of reasonable and documented out-of-pocket expenses incurred in connection with the engagement Rock Creek Advisors, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an adverse interest to the Debtors or their estates, according to court filings. The firm can be reached at: Brian Ayers ROCK CREEK ADVISORS, LLC 1738 Belmar Blvd. Belmar, NJ 07719 About Simply Interior Homes, LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP represent the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, their sales agent is Rock Creek Advisors LLC and their claims and noticing agent is Epiq Corporate Restructuring LLC. SIMPLY INTERIOR: Seeks to Hire Potter Anderson as Co-Counsel ------------------------------------------------------------ Simply Interior Homes, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to employ Potter Anderson & Corroon LLP as co-counsel. The firm will provide these services: (a) take all necessary action to protect and preserve the estates of the Debtors, including prosecution and defense of actions, negotiation of disputes, and preparation of objections to claims; (b) provide legal advice regarding the Debtors' powers and duties as debtors-in-possession; (c) negotiate, prepare, and pursue a plan of reorganization and disclosure statement; (d) prepare motions, applications, answers, orders, pleadings, reports, and other legal documents in connection with administration of the estates; (e) appear in Court on behalf of the Debtors; (f) assist with any disposition of assets, including sales; and (g) perform all other necessary legal services in connection with the Chapter 11 Cases. Potter Anderson & Corroon LLP will be compensated at these hourly rates: partners $890 to $1,100, associates $515 to $785, and paraprofessionals $375 to $405. The firm will also be reimbursed for reasonable and necessary expenses. The Debtors previously paid a $300,000 retainer, which is proposed to be treated as an evergreen retainer subject to Court approval. Potter Anderson & Corroon LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtors' estates, according to court filings. The firm can be reached at: L. Katherine Good, Esq. Brett M. Haywood, Esq. James R. Risener III, Esq. Halley S. Dannemiller, Esq. POTTER ANDERSON & CORROON LLP 1313 North Market Street, 6th Floor Wilmington, DE 19801 Telephone: (302) 984-6000 Facsimile: (302) 658-1192 Email: kgood@potteranderson.com bhaywood@potteranderson.com jrisener@potteranderson.com hdannemiller@potteranderson.com About Simply Interior Homes, LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP represent the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, their sales agent is Rock Creek Advisors LLC and their claims and noticing agent is Epiq Corporate Restructuring LLC. SIMPLY INTERIOR: Taps Epiq Corporate as Administrative Advisor -------------------------------------------------------------- Simply Interior Homes, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to hire Epiq Corporate Restructuring, LLC to serve as administrative advisor. The firm will provide these services: (a) assist with solicitation, balloting, tabulation of votes, and preparation of related reports in support of confirmation of a chapter 11 plan, and process requests for documents from parties in interest, including brokerage firms, bank back-offices, and institutional holders; (b) prepare an official ballot certification and, if necessary, testify in support of ballot tabulation results; (c) assist with the preparation of the Debtors' schedules of assets and liabilities and statements of financial affairs and gather data in conjunction therewith; (d) provide a confidential data room, if requested; (e) manage and coordinate any distributions pursuant to a chapter 11 plan; and (f) provide other processing, solicitation, balloting, and administrative services as described in the Engagement Agreement or as requested by the Debtors, the Court, or the Clerk. The Debtors state that the rates are competitive and comparable to market rates. Epiq is also entitled to reimbursement of reasonable expenses. A $25,000 retainer was provided and may be held as security for payment obligations under the engagement. The Debtors also agreed to customary indemnification provisions, subject to exclusions for gross negligence or willful misconduct. Epiq Corporate Restructuring, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings, and does not hold or represent an adverse interest to the Debtors' estates in connection with the services to be provided. The firm can be reached at: Alexander Warso Consulting Director Epiq Corporate Restructuring, LLC 777 3rd Ave., 12th Floor New York, NY 10017 About Simply Interior Homes, LLC Simply Interior Homes, LLC operates a home textiles and home decor business that designs, sources and supplies fashion bedding, window treatments, bath products, decorative textiles, and related home furnishings for major retailers. The Debtors were formed in early 2025 in connection with the carve-out of the soft goods business divisions from Keeco, LLC, a portfolio company of Centre Lane Partners, and related affiliates. Simply Interior Homes and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 26-10922) on June 8, 2026. The petitions were signed by Adam Zalev as chief restructuring officer. The Debtors reported $100 million to $500 million in both estimated assets and liabilities. Potter Anderson & Corroon LLP and Goodwin Procter LLP represent the Debtors. The Debtors' financial advisor is Reflect Advisors LLC, their sales agent is Rock Creek Advisors LLC and their claims and noticing agent is Epiq Corporate Restructuring LLC. SIMRY REALTY: Seeks Ch.11 Bankruptcy in the Midst of Family Dispute ------------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Simry Realty Corp. has entered Chapter 11 bankruptcy in New York, seeking court protection as it restructures obligations tied to its Manhattan multifamily real estate holdings. The company, which is controlled by the Haruvi family, reported assets and liabilities that may total as much as $100 million. The debtor co-owns several apartment properties in Manhattan and is expected to use the bankruptcy process to address creditor claims while maintaining normal business operations. Chapter 11 offers an opportunity to reorganize debts and preserve the value of its real estate investments, the report cites. The case arrives amid continuing financial pressures on property owners across major urban markets. Through its restructuring efforts, Simry Realty aims to stabilize its finances and position its real estate portfolio for future operations, according to Law360. About Simry Realty Corp. Simry Realty Corp. is a privately held real estate company affiliated with the Haruvi family and engaged in the ownership of residential rental properties in New York City. The company co-owns a portfolio of Manhattan apartment buildings and derives value from property management, leasing and long-term real estate investment activities. Simry Realty Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11409) on June 14, 2026. In its petition, the Debtor reports assets and liabilities as much as $100 million. Honorable Bankruptcy Judge Philip Bentley handles the case. The Debtor is represented by J. Ted Donovan, Esq. of Goldberg Weprin Finkel Goldstein LLP. SIMRY REALTY: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Simry Realty Corp. 114 East 71st Street New York, NY 10021 Business Description: Simry Realty Corp. is engaged in real estate through an indirect equity interest in Simry Holding LLC, in which Jade Venture Partners LLC also holds an interest. Simry Holding is associated with seven separate companies, each of which owns a residential apartment building in New York. Chapter 11 Petition Date: June 14, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-11409 Judge: Hon. Philip Bentley Debtor's Counsel: Kevin Nash, Esq. GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP 125 Park Ave New York, NY 10017-5690 E-mail: knash@gwfglaw.com Estimated Assets: $50 million to $100 million Estimated Liabilities: $50 million to $100 million The petition was signed by Aileen Haurvi as restructuring officer. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IV6X6OA/Simry_Realty_Corp__nysbke-26-11409__0001.0.pdf?mcid=tGE4TAMA SINTX TECHNOLOGIES: Laurence Lytton Holds 9.99% Equity Stake ------------------------------------------------------------ Laurence W. Lytton and Lytton-Kambara Foundation disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 3, 2026, they each beneficially own 632,633 shares of Sintx Technologies, Inc.'s Common Stock, each representing 9.99% of the outstanding shares, based on: (a) 4,319,279 shares of Common Stock outstanding as of May 8, 2026, as reported in the Form 10-Q filed by the Company for the quarterly period ended March 31, 2026 and (b) 1,882,845 shares of Common Stock issued by the Company in a private placement on June 3, 2026, as reported in the Form 8-K filed by the Company on June 3, 2026. The shares of the Common Stock reported herein consist of 502,092 shares of Common Stock, Class A Common Stock Warrants to purchase 502,092 shares of Common Stock and Class B Common Stock Warrants to purchase 502,092 shares of Common Stock. The Class A Common Stock Warrants and Class B Common Stock Warrants are subject to a 9.99% beneficial ownership limitation. Laurence W. Lytton may be reached through: Laurence W. Lytton, President Lytton-Kambara Foundation 467 Central Park West New York, NY 10025 A full-text copy of Laurence W. Lytton's SEC report is available at: https://tinyurl.com/4u27u8yt About SINTX Technologies SINTX Technologies Inc., headquartered in Salt Lake City, Utah, develops, manufactures and commercializes silicon nitride biomaterials, composites, devices and related technologies for medical and other high-value applications. The company provides biomedical solutions for medical devices and also makes silicon nitride parts for electrical, aerospace and other industrial customers. In an audit report dated March 20, 2026, Tanner LLP included a going concern paragraph stating that recurring losses from operations, negative operating cash flows and the need to obtain additional financing 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 $7.81 million, total liabilities of $6.91 million and total stockholders' equity of $904,000. SINTX TECHNOLOGIES: Stonepine Capital Holds 9.9% Equity Stake ------------------------------------------------------------- Stonepine Capital Management, LLC, Stonepine Capital, L.P., Stonepine GP, LLC, and Jon M. Plexico disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 2, 2026, they each beneficially own 619,592 shares of SINTX Technologies, Inc.'s Common Stock, each representing 9.9% of the outstanding shares, based on: (a) 4,319,279 shares of Common Stock outstanding as of May 8, 2026, as reported in the Form 10-Q filed by the Company for the quarter ending March 31, 2026, and (b) 1,882,845 shares of Common Stock issued by the Company in a private placement, as reported in the Form 8-K filed by the Company on June 3, 2026. The securities beneficially owned by the reporting persons consist of: (1) 209,205 shares of Common Stock, and (2) warrants to acquire 418,410 shares of Common Stock, subject to a 9.99% beneficial ownership limitation. Stonepine Capital Management, LLC may be reached through: Jon M. Plexico, Managing Member 2900 NW Clearwater Drive Suite 100-11 Bend, OR 97703 Tel: 541-647-5673 A full-text copy of Stonepine Capital Management, LLC's SEC report is available at: https://tinyurl.com/2dpsnn4h About SINTX Technologies SINTX Technologies Inc., headquartered in Salt Lake City, Utah, develops, manufactures and commercializes silicon nitride biomaterials, composites, devices and related technologies for medical and other high-value applications. The company provides biomedical solutions for medical devices and also makes silicon nitride parts for electrical, aerospace and other industrial customers. In an audit report dated March 20, 2026, Tanner LLP included a going concern paragraph stating that recurring losses from operations, negative operating cash flows and the need to obtain additional financing 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 $7.81 million, total liabilities of $6.91 million and total stockholders' equity of $904,000. SIREN SISTERS: Case Summary & Four Unsecured Creditors ------------------------------------------------------ Debtor: Siren Sisters Land Trust 501 Sandpiper Way Boca Raton, FL 33431 Business Description: Siren Sisters Land Trust is a single-asset real estate entity that owns property at 501 Sandpiper Way in Boca Raton, Florida. Chapter 11 Petition Date: June 11, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-17662 Judge: Hon. Mindy A Mora Debtor's Counsel: Susan D Lasky, Esq. SUAN D. LASKY, PA 320 SE 18 Street Fort Lauderdale, FL 33316 Tel: 954-400-7474 E-mail: Jessica@SueLasky.com Total Assets: $3,500,000 Total Liabilities: $2,171,475 The petition was signed by Maxime Kaan-Lilly as trustee of Siren Sisters Land Trust. 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/WAFAQMY/Siren_Sisters_Land_Trust__flsbke-26-17662__0001.0.pdf?mcid=tGE4TAMA SLEEP NUMBER: Board Expands to Seven with Colin Adams' Election --------------------------------------------------------------- Sleep Number Corp. announced in a regulatory filing that Colin M. Adams, Esq., was elected as a director of the Board, effective immediately. With this election, Sleep Number's Board of Directors is comprised of 7 members, 6 of whom constitute independent directors under applicable Nasdaq standards. There is no arrangement or understanding between Mr. Adams and any other person pursuant to which he was selected as a director. Mr. Adams' compensation for service on the Board will consist of a monthly fee of $40,000 (plus other additional fees if he is required to be involved in additional activities). About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Minneapolis, Minnesota-based Deloitte & Touche LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 12, 2026, citing that the impending maturity of the Company's credit facility, projections of noncompliance with future debt covenants, and lack of liquidity raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $680.06 million in total assets, $1.26 billion in total liabilities, and $578.48 million in total shareholders' deficit. SLEEP NUMBER: Case Summary & 30 Largest Unsecured Creditors ----------------------------------------------------------- Lead Debtor: Sleep Number Corporation 1001 3rd Avenue South Minneapolis, MN 55404 Business Description: Sleep Number Corporation, formerly Select Comfort Corporation, is a Minneapolis, Minnesota-based company founded in 1987. The company offers mattresses and bases, including smart mattresses with adjustable firmness, digital sensing, automatic comfort adjustments, and temperature-control features. Sleep Number uses a direct-to-consumer distribution model through Sleep Number stores and online retail touchpoints, and provides home delivery and professional set-up services. The company operates 572 stores in 50 U.S. states and employs approximately 2,920 employees. Chapter 11 Petition Date: June 12, 2026 Court: United States Bankruptcy Court Southern District of New York Five affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Sleep Number Corporation (Lead Case) 26-11399 Select Comfort Retail Corporation 26-11400 Select Comfort Canada Holding Inc. 26-11398 Select Comfort SC LLC 26-11401 Sleep Number Health Corporation 26-11402 Judge: Hon. Kyu Young Paek Debtors' Bankruptcy Counsel: Brian M. Resnick, Esq. Angela M. Libby, Esq. Stephen D. Piraino, Esq. Richard J. Steinberg, Esq. Sihui (Sophy) Ma, Esq. Moredechai Rivkin, Esq. DAVIS POLK & WARDWELL LLP 450 Lexington Avenue New York NY 10017 Tel: (212) 450-4000 Email: brian.resnick@davispolk.com Debtors' Investment Banker: GUGGENHEIM SECURITIES, LLC 330 Madison Avenue New York, NY 10017 Debtors' Real Estate Advisors: A&G REAL ESTATE PARTNERS 420 Lexington Ave New York, NY 10017 Debtors' Claims, Noticing, Solicitation & Administrative Agent: KROLL RESTRUCTURING ADMINISTRATION, LLC 1 World Trade Center 31st Floor New York, NY 10007 Total Assets as of April 30, 2026: $642,321,000 Total Debts as of April 30, 2026: $1,281,460,000 The petitions were signed by Amy O'Keefe as authorized signatory. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/H7VBWLQ/Sleep_Number_Corporation__nysbke-26-11399__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Leggett & Platt Inc Trade Payables $10,207,094 Attn.: Tyson Hagale PO Box 757 Carthage, MO 64836 Tel: (417) 540-4396 Email: tyson.hagale@leggett.com 2. Horizon Media, Inc. Trade Payables $7,366,688 Attn.: Nancy Blucher 75 Varick Street - 16th Floor New York, NY 10013 Contact: Nancy Blucher Tel: (347) 665-6474 Email: nblucher@horizonmedia.com 3. Elite Comfort Solutions LLC Trade Payables $6,173,420 Attn.: Tyson Hagale 1545 Deborah Herman Rd Conover, NC 28613 Tel: (417) 540-4396 Email: tyson.hagale@leggett.com 4. Flextronics International Trade Payables $6,042,430 Europe BV Attn.: Dennis Kirkpatrick Nobelstraat 10-14 Oostrum, 5807 GA Tel: (512) 468-7736 Email: dennis.kirkpatrick@flex.com 5. Gumotex Trade Payables $3,791,093 Attn.: Frantisek Rezac Mladeznicka 3062/3A Breclav, 690.02 Tel: +420 062 741 159 Email: frantisek.rezac@gumotex.cz 6. NFL Ventures LLP Trade Payables $2,622,500 Attn.: Susan Hamlin 1 Sabol Way Mt Laurel, NJ 08054 Tel: (404) 694-5445 Email: susan.hamlin@nfl.com 7. PCI Private Ltd Trade Payables $2,546,207 Attn.: Thomas Handojo 35 Pioneer Rd No Singapore, 628475 Tel: +65 9815 0612 Email: thomas.handojo@pciltd.com.sg 8. Ergomotion Inc Trade Payables $2,532,119 Attn.: Gui Perez PO Box 8330 Goleta, CA 93118 Tel: (805) 708-2379 Email: gp@ergomotion.com 9. Homtex, Inc Trade Payables $2,530,107 Attn.: Jeremy Wootten 15295 US Highway 157 Vinemont, AL 35179 Tel: (256) 426-2624 Email: jeremy.wootten@homtex.com 10. Electropedic Manufacturing Trade Payables $2,409,553 Corporation Attn.: Philip Kraus 637 4th Street San Fernando, CA 91340 Tel: (516) 717-0243 Email: emcpsk@msn.com 11. Diverse Logistics and Trade Payables $2,213,307 Distribution LLC Attn.: Victor Mraz 4763 Oak Fair Blvd Tampa, FL 33610 Tel: (239) 691-2914 Email: vmraz@diverselogistics.com 12. Microsoft Corp Trade Payables $1,966,501 Attn.: Scott Sahli 1950 N Stemmons Fwy Ste 5010 Dallas, TX 75207 Tel: 952.250.4866 Email: scsahli@microsoft.com 13. East Rock Limited Trade Payables $1,564,370 Attn.: Wang Jue (Tiger) Room 1538 Bldg C Focus Square No. 6, Fu Tong Dong Da Jie, Wang Jing Chaoyang District, 11 100102 Tel: +86 13801396339 Email: wangjue@eastrock.cc 14. Meta Platform Inc Trade Payables $1,472,088 Attn.: Shannon Ryan 1601 Willow Rd Menlo Park, CA 94025 Tel: (650) 788-0770 Email: shannonryan@meta.com 15. Microsoft Online Inc Trade Payables $1,226,485 Attn.: Lance Wilson PO Box 847543 Dallas, TX 75284-7543 Tel: (303) 601-5008 Email: lancew@microsoft.com 16. Infosys BPM Ltd Trade Payables $1,034,328 Attn.: Dilip Kumar Ste 700 Cumberland Center IV Atlanta, GA 30339 Tel: (469) 970-0526 Email: dilip_kumar@infosys.com 17. Future Textiles Inc Trade Payables $1,021,409 Attn.: Henry Wang 178 Ridge Road Ste A Dayton, NJ 08810 Tel: (609) 375-6195 Email: henry@designweave.us 18. Springs Creative Products Grp Trade Payables $993,587 Attn.: George Booth 300 Chatham Ave Ste 100 Rock Hill, SC 29730 Tel: (803) 517-1642 Email: george.booth@springscreative.com 19. Federal Express Corp Trade Payables $969,401 Attn.: Deb Hanson PO Box 223125 Pittsburgh, PA 15251-2125 Tel: (651) 202-8742 Email: deb.hanson@fedex.com 20. Carpenter Co. Trade Payables $951,735 Attn.: Michael Faus Attn Tammy Mayes Richmond, VA 23234 Tel: (951) 704-0576 Email: michael.faus@carpenter.com 21. TCA Logistics Corp Trade Payables $913,690 Attn.: Victor Mraz 102 Lauman Ln Hicksville, NY 11801 Tel: (239) 691-2914 Email: vmraz@diverselogistics.com 22. Fish & Richardson PC Trade Payables $882,170 Attn.: Svetla Nikolova 225 Franklin Street Boston, MA 2110 Tel: +49 162 5900598 Email: nikolova@fr.com 23. SHI International Corp Trade Payables $702,293 Attn.: Jeff Wilkins 290 Davidson Ave Somerset, NJ 8873 Tel: (651) 788-6500 Email: jeff_wilkins@shi.com 24. Bernhardt Furniture Company Trade Payables $672,251 Attn.: Alex Bernhardt 12197 Collections Center Drive Chicago, IL 60693 Tel: (704) 905-3733 Email: alexbernhardtjr@bernhardt.com 25. Future Foam, Inc Trade Payables $658,506 Attn.: Mike Schweiger 1610 Avenue "N" Council Bluff, IA 51501-1071 Tel: (262) 203-2726 Email: mschweiger@futurefoam.com 26. Briskheat Corp Trade Payables $651,971 Attn.: Tony Multon 4800 Hilton Corp Dr Columbus, OH 43232 Tel: (614) 531-9479 Email: tmulton@briskheat.com 27. Culp Home Fashions Trade Payables $612,851 Attn.: Iv Culp PO Box 751007 Charlotte, NC 28275 Tel: (336) 456-0790 Email: ivculp@culp.com 28. Bay and Bay Transportation Trade Payables $598,929 Services Inc Attn.: Kristin Pulte PO Box 74008069 Chicago, IL 60674-8069 Tel: (952) 221-9884 Email: kpulte@bayandbay.com 29. Segerdahl Corp Trade Payables $561,824 Attn.: Doug Fuller 1351 S. Wheeling Road Wheeling, IL 60090 Tel: (612) 590-8551 Email: dfuller@sg360.com 30. Servicenow Inc Trade Payables $528,168 Attn.: Kent Corness 2225 Lawson Ln Sta Clara, CA 95054 Tel: (720) 262-1009 Email: kent.corness@servicenow.com SOCIETY PASS: Court Establishes Common Stock Ownership Procedures ----------------------------------------------------------------- ATTENTION DIRECT AND INDIRECT HOLDERS OF, AND PROSPECTIVE HOLDERS OF, INTERESTS IN COMMON STOCKOR OPTIONS ISSUED BY SOCIETY PASS INCORPORATED: Upon the motion (the "Motion") of Society Pass Incorporated and its affiliate debtor, as debtors and debtors in possession (the "Debtors"), on May 20, 2026, the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"), having jurisdiction over the Chapter 11 Cases, which are being jointly administered, solely for procedural purposes, under the case of Debtor Society Pass Incorporated styled In re Society Pass Incorporated, Case No. 26-90525, entered an order establishing procedures (the "Procedures") with respect to transfers of, and claims of worthlessness deductions by a Majority Stockholder (defined herein) with respect to, its beneficial ownership (including direct and indirect ownership) of common stock issued by Society Pass Incorporated, including options to acquire beneficial ownership of such common stock (collectively, the "Common Stock"). In certain circumstances, the Procedures restrict (a) transactions involving, and require notices of the holdings of and proposed transactions by, any person, group of persons, or entity that is or, as a result of such a transaction, would become a Substantial Stockholder of the Common Stock (including options to acquire beneficial ownership of the Common Stock) and (b) claims by any Majority Stockholder of a worthlessness deduction under section 165 of the Internal Revenue Code of 1986, as amended, with respect to its beneficial ownership of the Common Stock. For purposes of the Procedures, a "Substantial Stockholder" is any person or entity (within the meaning of applicable regulations promulgated by the U.S. Department of the Treasury, including certain persons making a coordinated acquisition of stock) that beneficially owns, directly or indirectly (and/or, to the extent provided in applicable regulations promulgated by the U.S. Department of the Treasury, owns options to acquire) at least 746,328 shares of Common Stock (representing approximately 4.5% of all issued and outstanding shares of Common Stock), and a "Majority Stockholder" is any person that beneficially owns at least 8,624,387 shares of Common Stock (representing approximately 50% of all issued and outstanding shares of Common Stock) or any person that would be a "50-percent shareholder" (within the meaning of section 382(g)(4)(D) of the Internal Revenue Code of 1986, as amended) of Common Stock if such person claimed a worthlessness deduction with respect to its beneficial ownership of such securities. Any prohibited acquisition, dispositions or other transfer of, or claim of a worthlessness deduction with respect to, beneficial ownership of Common Stock (including indirectly or through the grant or transfer of options to acquire beneficial ownership of Common Stock) will be null and void ab initio and may lead to contempt, compensatory damages, punitive damages, or sanctions being imposed by the Bankruptcy Court. The Procedures are available: (i) free of charge on the website maintained by the Debtors' claims, noticing, and solicitation agent, Stretto, Inc., at https://cases.stretto.com/SocietyPass, and (ii) on the docket of the Chapter 11 Cases, No. 26-90525, which can be accessed via PACER at https://www.pacer.gov. The requirements set forth in the Procedures are in addition to the requirements of Bankruptcy Rule 3001(e) and applicable securities, corporate, and other laws and do not excuse noncompliance therewith. A direct or indirect holder of, or prospective holder of, common stock issued by Society Pass Incorporated that may be or become a Substantial Stockholder or a Majority Stockholder should consult the Procedures. About Society Pass Incorporated Society Pass Incorporated is a Singapore-based company focused on acquiring and operating fintech, digital commerce, and consumer technology platforms across Southeast Asia and other markets. Society Pass Incorporated sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90525) on May 12, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. The filing indicates that funds will be available for distribution to unsecured creditors. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Gabrielle Alicia Hamm, Esq., of Schwartz Law. SOCIETY PASS: Retains and Compensates Ordinary Course Professionals ------------------------------------------------------------------- Society Pass Incorporated and SoPa, Inc. seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to continue retaining and compensating certain ordinary course professionals, including Fennemore Craig, Loeb & Loeb, and McLaughlin & Stern, to provide legal services in the ordinary course of business. The professionals will provide these services: (a) provide specialized legal services, including corporate, securities, and litigation counsel support to the Debtors in the ordinary course of business; (b) advise the Debtors on corporate, financial, tax, and legal matters impacting ongoing operations outside of the Chapter 11 cases; (c) assist the Debtors with litigation-related and regulatory matters as needed in the normal course of business; and (d) provide ongoing legal and advisory services consistent with prepetition engagement practices. The professionals will be compensated in accordance with the Court-approved Ordinary Course Professional Procedures, including payment of 100% of fees and expenses upon submission of detailed invoices, subject to a monthly cap of $25,000 per professional (calculated on a rolling three-month average). Any fees exceeding the cap require notice and may be subject to objection before payment. The firms can be reached at: Fennemore Craig (now operating as Fennemore) 2394 E. Camelback Rd., Suite 600 Phoenix, AZ 85016 Telephone: (602) 916-5000 Facsimile: (602) 916-5999 E-mail: info@fennemorelaw.com - and - Loeb & Loeb LLP 345 Park Avenue New York, NY 10154 Telephone: (212) 407-4000 - and - McLaughlin & Stern, LLP 260 Madison Avenue, 20th Floor New York, NY 10016 Telephone: (212) 448-1100 Facsimile: (212) 448-0066 About Society Pass Incorporated Society Pass Incorporated is a Singapore-based company focused on acquiring and operating fintech, digital commerce, and consumer technology platforms across Southeast Asia and other markets. Society Pass Incorporated sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90525) on May 12, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. The filing indicates that funds will be available for distribution to unsecured creditors. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Gabrielle Alicia Hamm, Esq. of Schwartz Law. SOUND INPATIENT: S&P Rates New Secured First-Lien Term Loan 'B-' ---------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to Sound Inpatient Physicians Inc.'s (Sound) proposed $960 million senior secured first-lien term loan due 2031 and $100 million senior secured revolving credit facility (RCF) due 2031. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. The company intends to use the proceeds from this issuance to refinance its existing debt and pay transaction fees. S&P said, "Our 'B-' issuer credit rating and stable outlook on Sound are unchanged. The stable outlook reflects our expectation the company will steadily increase its revenue on stable EBITDA margins through 2026, enabling it to continue generating positive discretionary cash flow (DCF). Additionally, we believe the new RCF will strengthen Sound's liquidity position. "We project the company will increase its revenue by the mid-single-digit percent area in 2026, underpinned by expanding volumes across its core physician services. We expect these increased volumes to stem from Sound's post-acute Accountable Care Organization (ACO) business, alongside robust anesthesia volumes in its acute care segment, which includes hospital medicine, emergency medicine, critical care, and anesthesia. Furthermore, we forecast the company maintains stable EBITDA margins in 2026, which we believe will support DCF generation of approximately $10 million." Issue Ratings--Recovery Analysis Key analytical factors -- Sound's proposed capital structure comprises a $100 million senior secured RCF due 2031 and a $960 million senior secured term loan B due 2031. -- S&P's hypothetical default scenario contemplates a decline or adverse change in Sound's reimbursement or the market demand for its hospitalist services. -- To default, S&P estimates Sound's EBITDA would need to decline to about $117 million. -- Given the company's market position, S&P would expect it to reorganize rather than liquidate following a default. -- S&P values the company by applying a 5.5x multiple to its default-level EBITDA estimate. This multiple is consistent with the multiples S&P uses for Sound's peers. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: $117 million -- EBITDA multiple: 5.5x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $609 million -- Valuation split (obligors/nonobligors): 100%/0% -- Collateral value available to first-lien creditors: $609 million -- Secured first-lien debt: Approximately $1.05 billion --Recovery expectations: 50%-70% (rounded estimate: 55%) Note: All debt amounts include six months of prepetition interest. SOUND INPATIENT: S&P Rates New Secured First-Lien Term Loan 'B-' ---------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to Sound Inpatient Physicians Inc.'s (Sound) proposed $960 million senior secured first-lien term loan due 2031 and $100 million senior secured revolving credit facility (RCF) due 2031. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. The company intends to use the proceeds from this issuance to refinance its existing debt and pay transaction fees. S&P said, "Our 'B-' issuer credit rating and stable outlook on Sound are unchanged. The stable outlook reflects our expectation the company will steadily increase its revenue on stable EBITDA margins through 2026, enabling it to continue generating positive discretionary cash flow (DCF). Additionally, we believe the new RCF will strengthen Sound's liquidity position. "We project the company will increase its revenue by the mid-single-digit percent area in 2026, underpinned by expanding volumes across its core physician services. We expect these increased volumes to stem from Sound's post-acute Accountable Care Organization (ACO) business, alongside robust anesthesia volumes in its acute care segment, which includes hospital medicine, emergency medicine, critical care, and anesthesia. Furthermore, we forecast the company maintains stable EBITDA margins in 2026, which we believe will support DCF generation of approximately $10 million." Issue Ratings--Recovery Analysis Key analytical factors -- Sound's proposed capital structure comprises a $100 million senior secured RCF due 2031 and a $960 million senior secured term loan B due 2031. -- S&P's hypothetical default scenario contemplates a decline or adverse change in Sound's reimbursement or the market demand for its hospitalist services. -- To default, S&P estimates Sound's EBITDA would need to decline to about $117 million. -- Given the company's market position, S&P would expect it to reorganize rather than liquidate following a default. -- S&P values the company by applying a 5.5x multiple to its default-level EBITDA estimate. This multiple is consistent with the multiples S&P uses for Sound's peers. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: $117 million -- EBITDA multiple: 5.5x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $609 million -- Valuation split (obligors/nonobligors): 100%/0% -- Collateral value available to first-lien creditors: $609 million -- Secured first-lien debt: Approximately $1.05 billion --Recovery expectations: 50%-70% (rounded estimate: 55%) Note: All debt amounts include six months of prepetition interest. SPARHAWK LLC: Amends Trucks Sale to Manders Diesel Repair --------------------------------------------------------- Matthew Brash, Chapter 11 Trustee of Sparhawk LLC and its affiliates, Sparhawk Properties LLC, Sparhawk Trucking, Inc., and Sparhawk Truck and Trailer, Inc., seek permission from the U.S. Bankruptcy Court for the Western District of Wisconsin, amends motion to sell Vehicles, free and clear of liens, claims, interests, and encumbrances. The Debtors own various trucks located at Street Address: 421 25th Ave N. Wisconsin Rapids, WI 54495. https://urlcurt.com/u?l=0QjaA7 The VIN serial number and other identifying information on some Trucks is inaccessible due to the storage location at the yard and thickets of mud and trees. The Trustee will work to obtain the applicable information and VIN serial numbers in cooperation with Manders once Manders picks up the inaccessible Trucks. The Trustee seeks approval to sell to Manders Diesel Repair Inc. 78 trucks in various conditions located at 421 25th Ave N. Wisconsin Rapids, WI 54495 for a total of $270,000.00. Manders will be responsible for all costs associated with pickup of the trucks. Steffes Group, Inc., broker, will earn a 5% commission of the gross sale proceeds consisting of $13,500.00. About Sparhawk LLC Sparhawk LLC and affiliated entities -- Sparhawk Trucking, Inc., Sparhawk Properties, LLC; and Sparhaw Truck and Trailer, Inc. -- support trucking operations, equipment management and property holdings related to the group's transportation activities. Founded in 1981, the Sparhawk group operates within the general freight trucking industry in the United States. Sparhawk and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wis. Lead Case No.26-10527) on March 13, 2026. In the petition signed by Mark A. Sparhawk, sole member, Sparhawk disclosed up to $10 million in both assets and liabilities. Judge Catherine J Furay oversees the cases. Jerome R. Kerkman, Esq., and Nicholas W. Kerkman, Esq., at Kerkman & Dunn, represent the Debtors as legal counsel. Matthew Brash is appointed as trustee appointed in these Chapter 11 cases. The trustee tapped Swanson Sweet LLP as counsel and Newpoint Advisors Corporation as financial advisor. SYSTEMATIC AUDIO: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Systematic Audio, LLC d/b/a Sundown Audio 514 West 21st Street Newton NC 28658 Business Description: Systematic Audio, LLC, doing business as Sundown Audio, is a car audio company based in Newton, North Carolina. The company provides car audio products including subwoofers, amplifiers, speakers, powersports products, and related cables and accessories. Its products are used in vehicle builds, installations, and SPL competitions by users including retailers, installers, competitors, and music listeners. Chapter 11 Petition Date: June 9, 2026 Court: United States Bankruptcy Court Western District of North Carolina Case No.: 26-50236 Judge: Hon. Laura T Beyer Debtor's Counsel: Eric S. Goodheart, Esq. DLA PIPER LLP (US) One Liberty Place, Suite 5000 Philadelphia, PA 19103 Tel: (215) 656-3371 E-mail: eric.goodheart@us.dlapiper.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Scottie Johnson as chief executive officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XWY5T6Q/Systematic_Audio_LLC__ncwbke-26-50236__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Primary Subwoofer Factory Trade $1,302,236 Jiaxing Jinlinda Electron Co LT 825 Yanjia Road Haiyan Zhejang 314317 China Name: Snow Hu Email: snow_audio@jxjld.com 2. William Mullen Professional $607,076 Post Office Box 800 Services Richmond, VA 23218-0800 Name: Brigitte Durand Email: bdurand@williamsmullen.com 3. U.S. Customs and Duties $113,516 Border Protection Office of Chief Counsel 1300 Pennsylvania Avenue Suite 4.4-B Washington, DC 20229 Phone: 877-227-5511 Email: dpbserviceintake@cbp.dhs.gov 4. SAE Factory Trade $85,023 Guangzhou DM Electronic Technology Co. LTD ADS Industrial Zone, Shima Junhe Street Baiyun District Guangzhou Guangdong, China Email: ritachow@adst.cc 5. Salt Amps - Direct Trade $69,027 D&I Corporation 102-801 Bucheon Techno-Park #22 Samjak-RO Bucheon-SI Gyeonggi-DO, Korea 6. C.H. Robinson International, Inc. Trade $28,185 Post Office Box 9121 Minneapolis, MN 55480-9121 Phone: 952-683-2800 7. US Coil Factory Trade $19,106 Precision Econowind Inc. 8940 North Fork Road Fort Myers, FL 33903-1421 Name: Lacey Sorenson Email: lsorenson@pecoils.com 8. Deadener Europe Trade $15,697 Merford Acoustic Materials Franklinweg 8 4207 Gorinchem, NZ The Netherland Phone: 31-183-643-800 Email: info@merford.com 9. Raymond Handling Solutions, Inc. Trade $15,177 1801 West Olympic Boulevard Pasadena, CA 91199-1700 Name: Brendan Phelps Email: brendan.phelps@raymondwest.com 10. FedEx Freight Trade $12,806 Post Office Box 371461 Pittsburgh, PA 15250-7461 Name: Marshall Witt, CFO Phone: 866-393-4585 11. Echo Global Logistics Inc. Trade $10,589 22168 Network Place Chicago, IL 60673-1221 Name: Daniel Seaton Email: daniel.seaton@echo.com 12. Inter-Continental Corp Trade $9,368 Post Office Box 1119 Conover, NC 28613 Email: kim@iccboxes.com 13. TWC Inc. Trade $7,258 22 Stanley Street Nashville, TN 37210 Name: Maryann Lanier Email: mlanier@tcwonline.com 14. R&L Carriers Trade $4,729 Post Office Box 100200 Port William, OH 45164-2000 Tel: 800-543-5589 15. Worldwide Express Trade $4,159 Post Office Box 733360 Dallas, TX 75373 Name: Jack Pearlstein, CFO Phone: 800-758-7447 16. Estes Express Lines Trade $2,559 Post Office Box 105160 Atlanta, GA 30348-5160 Name: Alison Choiniere Phone: 800-716-7608 17. C.H. Robinson Worldwide, Inc. Trade $2,202 Post Office Box 9121 Minneapolis, MN 55480-9121 Phone: 952-683-2800 18. PrimeChoice Packaging, LLC Trade $1,985 Post Office Box 996 Conover, NC 28613 Name: Olivia Cook Phone: 828-464-6644 Email: ruthc@primechoicepkg.com 19. TForce Freight Trade $1,947 Post Office Box 7410804 Chicago, IL 60674-0804 Phone: 833-445-2556 Email: accountsreceivable@ar.tforcefreight.com 20. Blue Building, LLC; Krubim 26 Litigation Undetermined International, Inc.; David Soleymani; Joshua Soleymani; Daniel Soleymani c/o James McElroy & Diehl 525 North Tryon Street, Suite 2700 Charlotte, NC 28202 Name: Fred B. Monroe Phone: 704-372-9870 Email: fmonroe@jmdlaw.com TM36 LLC: Plan Exclusivity Period Extended to Sept. 1 ----------------------------------------------------- Judge Alfredo Perez of the U.S. Bankruptcy Court for the Southern District of Texas extended TM36, LLC and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 1 and Nov. 2, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that the size and complexity of a debtor's case alone may provide cause for extending a debtor's exclusivity periods. These chapter 11 cases consist of five separate Debtor entities and involve heavily contested litigation on multiple prepetition projects. Further complicating the dynamics in this case, the largest target of that litigation is an affiliate of a prepetition secured lender who is not a post-petition lender. The Debtors assert that extending the Exclusive Periods benefits all parties in interest by preventing a drain on time and resources, which inevitably occurs when multiple parties with potentially divergent interests compete for the consideration of their own respective plans. This Motion is not filed for purposes of delay but to afford the Debtors an opportunity to further develop a plan. The extension requested is reasonable and realistic in view of the circumstances of these chapter 11 cases. The Debtors further assert that they seek to maintain exclusivity so parties with competing interests do not impede the Debtors' efforts to obtain stakeholder support for a value-maximizing plan. Extending exclusivity benefits all parties in interest by preventing the drain on time and the resources of the Debtors' estates that will occur when multiple parties, with potentially diverging interests, pursue the consideration of their own respective plans. Additionally, even if the Court approves an extension of the Exclusive Periods, nothing prevents parties in interest from later arguing to the Court that cause supports termination of the Debtors' exclusivity, should such cause arise. Counsel to the Debtors: Aaron J. Power, Esq. Jack M. Eiband, Esq. Grecia V. Sarda, Esq. Porter Hedges LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 Facsimile: (713) 226-6248 Email: apower@porterhedges.com jeiband@porterhedges.com gsarda@porterhedges.com About TM36 LLC TM36, LLC, StopLoss, LLC, StopLoss Logistics, LLC, StopLoss Specialists, LLC, and StopLoss Response Services, LLC provide emergency response and property restoration services focused primarily on large commercial buildings that have sustained significant disaster or weather-related damage. StopLoss LLC functions as the holding company for StopLoss Response Services, LLC, StopLoss Logistics, LLC, and TM36 LLC, while StopLoss Specialists, LLC holds contractor licenses and enters into project contracts. The subsidiaries support project execution through subcontracted restoration work, equipment logistics and transportation, and ownership of operational equipment. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90386) on March 5, 2026. In the petition signed by Pablo Bonjour, chief restructuring officer, TM36 disclosed up to $10 million in both assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Aaron J. Power, Esq., at Porter Hedges, LLP, as bankruptcy counsel and Veritas Restructuring Group as financial advisor. TPI COMPOSITES: Plan Confirmation Hearing Scheduled for July 1 -------------------------------------------------------------- On May 21, 2026, the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") held a hearing (the "Conditional Disclosure Statement Hearing") at which it conditionally approved the Disclosure Statement for Amended Joint Chapter 11 Plan of Liquidation of TPI Composites, Inc. and Certain of Its Affiliated Debtors, filed on May 22, 2026 (including any exhibits and schedules thereto and as may be amended, supplemented, or otherwise modified from time to time, the "Disclosure Statement") of Debtors TPI Composites, Inc., TPI Texas, LLC, TPI International, LLC, TPI Turkey, LLC, TPI APAC, LLC, TPI APAC II, Inc., TPI Turkey II, LLC, TPI Turkey Izbas, LLC, TPI Composites Services, LLC, TPI Mexico, LLC, TPI Mexico II, LLC, TPI Mexico III, LLC, TPI Mexico IV, LLC, Ponto Alto Holdings, LLC, TPI Arizona, LLC, TPI Iowa, LLC, TPI Iowa II, LLC, Composite Solutions, Inc., TPI Holdings Mexico, LLC, and TPI Technology, Inc. (the "RemainCo Debtors"), and thereafter entered an order (the "Disclosure Statement Order") with respect thereto. The Disclosure Statement Order, among other things, authorizes the RemainCo Debtors to solicit votes to accept the Amended Joint Chapter 11 Plan of Liquidation of TPI Composites, Inc. and Certain of Its Affiliated Debtors, filed on May 22, 2026 (including any exhibits and schedules thereto and as may be amended, supplemented, or otherwise modified from time to time, the "Plan"). A hearing to consider final approval of the Disclosure Statement and confirmation of the Plan (the "Combined Hearing") has been scheduled for July 1, 2026 at 1:00 p.m. (Central Time), before the Honorable Judge Lopez, United States Bankruptcy Judge, in the Bankruptcy Court. The Combined Hearing may be adjourned or continued from time to time by the Bankruptcy Court without further notice other than by a Court announcement providing for such adjournment or continuation on its agenda. The Plan may be modified, if necessary, prior to, during, or as a result of the Combined Hearing. Holders of Claims in Class 3 (Senior Secured Term Loan Claims) and Class 4 (General Unsecured Claims) as of May 18, 2026 (the "Voting Record Date") that are otherwise eligible to vote on the Plan shall be entitled to vote to accept or reject the Plan. If you received a Solicitation Package, including a Ballot, and intend to vote on the Plan you must (a) follow the instructions carefully, (b) complete all of the required information on the Ballot, and (c) execute and return your completed Ballot according to and as set forth in detail in the voting instructions on your Ballot (or, for Beneficial Holders of the Convertible Notes, as instructed by your Nominee) so that it is actually received by the RemainCo Debtors' solicitation and voting agent, Kroll Restructuring Administration LLC ("Kroll" or the "Solicitation Agent") on or before June 24, 2026 at 4:00 p.m. (Central Time) (the "Voting Deadline"). ANY FAILURE TO FOLLOW THE VOTING INSTRUCTIONS INCLUDED WITH YOUR BALLOT MAY DISQUALIFY YOUR BALLOT AND YOUR VOTE. Holders of Claims or Interests in Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 5 (Intercompany Interests), and Class 6 (Existing Equity Interests) are not entitled to vote on the Plan and will not receive a Ballot. If you disagree with the amount set forth by the RemainCo Debtors for your Claim in the Schedules or if you have filed a proof of claim and disagree with either (a) the RemainCo Debtors' objection to your Claim and believe that you should be entitled to vote on the Plan or (b) the RemainCo Debtors' classification or request for estimation of your Claim and believe that you should be entitled to vote on the Plan in a different amount or Class or against a different Debtor, then you must file with the Bankruptcy Court a motion (a "Rule 3018(a) Motion") for an order pursuant to Rule 3018(a) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") temporarily allowing your Claim in a different amount or in a different Class or against a different Debtor for purposes of voting to accept or reject the Plan. All Rule 3018(a) Motions must be filed on or before June 3, 2026 at 4:00 p.m. (Central Time). Rule 3018(a) Motions that are not timely filed and served in the manner set forth above shall not be considered. As to any holder filing a Rule 3018(a) Motion, such holder's Ballot will be counted as provided in the Solicitation and Voting Procedures, appended as Schedule 1 to the Disclosure Statement Order except as may be otherwise ordered by the Bankruptcy Court. Holders may contact Kroll by (i) e-mail at TPIinfo@ra.kroll.com, (ii) writing to TPI Composites, Inc. Ballot Processing Center, c/o Kroll Restructuring Administration LLC, 850 Third Avenue, Suite 412, Brooklyn, NY 11232, or (iii) via telephone at (877) 280-2696 (U.S./Canada Toll-Free) or +1 (646) 290-7082 (outside of the U.S./Canada, Toll) to receive an appropriate Ballot for any Claim for which a proof of claim has been timely filed and a Rule 3018(a) Motion has been granted. The deadline to object or respond to confirmation of the Plan or final approval of the Disclosure Statement is June 24, 2026 at 4:00 p.m. (Central Time) (the "Plan Objection Deadline"). Any party in interest wishing to obtain information about the solicitation procedures or copies of the Disclosure Statement, the Plan, or other solicitation materials should contact Kroll through (i) e-mail at TPIinfo@ra.kroll.com (with "TPI Solicitation Inquiry" in the subject line), (ii) writing to TPI Composites Inc. Ballot Processing Center, c/o Kroll Restructuring Administration LLC, 850 Third Avenue, Suite 412, Brooklyn, NY 11232, or (iii) via telephone at (877) 280-2696 (U.S./Canada Toll-Free) or +1 (646) 290-7082 (outside of the U.S./Canada, Toll). Interested parties may also access, review, and download the Disclosure Statement and the Plan free of charge at https://restructuring.ra.kroll.com/TPIComposites and via the following QR Code: The RemainCo Debtors will file and serve any supplement to the Plan on or before June 17, 2026 at 11:59 p.m. (Central Time). About TPI Composites TPI Composites, Inc., is a global company focused on innovative and sustainable solutions to decarbonize and electrify the world. TPI delivers high-quality, cost-effective composite solutions through long-term relationships with leading OEMs in the wind markets. TPI is headquartered in Scottsdale, Arizona and operates factories in the U.S., Mexico, Turkiye and India. TPI operates additional engineering development centers in Denmark and Germany and global service training centers in the U.S. and Spain. On August 11, 2025, TPI Composites, Inc., and several subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 25-34655). TPI disclosed $591,709,000 in total assets against $1,077,146,000 in total debt as of June 30, 2025. The Hon. Christopher M Lopez is the case judge. Weil, Gotshal & Manges LLP is serving as legal counsel, Jefferies LLC. is serving as financial advisor, and Alvarez & Marsal North America, LLC is serving as restructuring advisor to TPI. Kroll is the claims agent. Sullivan & Cromwell LLP and Moelis & Company are serving as advisors to senior secured lenders. The official committee of unsecured creditors tapped Lowenstein Sandler LLP as counsel, Munsch Hardt Kopf & Harr, P.C. as co-counsel., and Berkeley Research Group, LLC, as its financial advisor. TRADE FLOW: Seeks Chapter 7 Bankruptcy in New Jersey ---------------------------------------------------- On June 2, 2026, Trade Flow Technologies Inc. commenced a voluntary Chapter 7 bankruptcy case in the District of New Jersey. Court records indicate the company reported liabilities ranging from $0 to $100,000 and a creditor base of 1–49 creditors. About Trade Flow Technologies Inc. Trade Flow Technologies Inc. operates in the technology sector and is believed to have provided technology-driven business solutions. Publicly available court records contain limited details regarding the company's operations and commercial activities. The company filed under Chapter 7 (Case No. 26-16248) on June 2, 2026. The petition reflects estimated assets of $0 to $100,000 and estimated liabilities of $0 to $100,000. A bankruptcy judge of the District of New Jersey will oversee the proceedings. The Debtor is represented by Carl Levitt, Esq., of The Law Office of Levitt and Kazan. TRUTANKLESS INC: Posts $1.88MM Loss in Q1; Going Concern Persists ----------------------------------------------------------------- Trutankless, Inc. has filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission, reporting a net loss of $1.88 million for the three months ended March 31, 2026, compared to a net loss of $1.60 million for the same period in the prior year. Net sales for the three months ended March 31, 2026 were 940,466, compared to $430,087 in the prior-year period. Going Concern Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the consolidated financial statements are issued and determined that substantial doubt exists about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent on the Company's ability to generate revenues and raise capital. The Company has not generated sufficient revenues from product sales to provide sufficient cash flows to enable the Company to finance its operations internally. As of March 31, 2026, the Company had $16,097 cash on hand. On March 31, 2026, the Company has an accumulated deficit of $83.73 million. For the three months ended March 31, 2026, the Company had a net loss of $1.88 million, and cash used in operations of $49,503. These factors raise substantial doubt about the Company's ability to continue as a going concern within the next 12 months. Over the next 12 months management plans to raise additional capital and to invest its working capital resources in sales and marketing in order to increase the distribution and demand for its products. However, there is no guarantee the Company will generate sufficient revenues or raise capital to continue operations. If the Company fails to generate sufficient revenue and obtain additional capital to continue at its expected level of operations, the Company may be forced to scale back or discontinue its sales and marketing efforts. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/mrxrjftd About Trutankless, Inc. Trutankless, Inc. is involved in sales, marketing, research and development of a high quality, whole-house, smart electric tankless water heater that is more energy efficient than conventional products. Management anticipates the Company's trutankless water heater, with Wi-Fi capability and Trutankless' proprietary apps offered in the iOS and Android store, will augment existing products in the home automation space. As of March 31, 2026, the Company had $5.86 million in total assets, $13.01 million in total liabilities, and $7.15 million in total stockholders' deficit. Houston, Texas-based Victor Mokuolu, CPA PLLC, auditor since 2024, issued a "going concern" qualification in its report dated May 21, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company had an accumulated deficit of $81.85 million and $77.10 million, at December 31, 2025 and 2024, respectively, and a working capital deficit of $10.61 million and $5.93 million, at December 31, 2025 and 2024, respectively. These factors raise substantial doubt about the Company's ability to continue as a going concern. TURNING POINTS: Plan Confirmation Hearing Scheduled for July 15 --------------------------------------------------------------- In re: Turning Points for Children, et al., (Debtors), Chapter 11, (Subchapter V) Case No. 24-11479 (AMC) pending in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania have filed an Amended Small Business Debtor Plan of Reorganization dated April 10, 2026 (the "Plan"). The Bankruptcy Court has scheduled a hearing beginning on July 15, 2026 at 12:30 p.m. (Eastern Time) (the "Confirmation Hearing") to consider whether to confirm the Plan. The Confirmation Hearing will be held before the Honorable Ashely M. Chan, Chief United States Bankruptcy Judge, at the Bankruptcy Court, located at 900 Market Street, Courtroom 4, Philadelphia, PA 19107 and by Telephone via: Zoom audio technology only. Meeting Info: 1-646-828-7666 (telephone number), 160 6807 8081 (meeting ID). No participant ID is necessary. If you would like to object to the Plan, you may do so by filing your objection no later than June 10, 2026 at 4:00 p.m. (Eastern Time) (the "Plan Objection Deadline"). Any objections or responses to confirmation of the Plan, must: (a) be in writing; (b) state the name and address of the objecting party and the nature and amount of the Claim of such party; (c) state with particularity the legal and factual basis and nature of any objection to the Plan and include any evidentiary support therefor; and (d) If you are required to file documents electronically by Local Bankruptcy Rule 5005-2, you must file your response electronically. If you are not required to file electronically, you must file your response at: Clerk, United States Bankruptcy Court for the Eastern District of Pennsylvania, Robert N.C. Nix Federal Building, 900 Market Street, Suite 400, Philadelphia, PA 19107 together with proof of service on or before the Plan Objection Deadline, and served so as to be actually received by the parties below on or before the Plan Objection Deadline, which service may be through the CM/ECF system, with courtesy copies by email to Debtors’ Counsel, Karalis PC, 1900 Spruce Street, Philadelphia, PA 19103 (Attn: Aris J. Karalis, Esquire (akaralis@karalislaw.com)); the U.S. Trustee, 900 Market Street, Suite 320, Philadelphia, PA 19107 (Attn: John Schanne (john.schanne@usdoj.gov)); and Subchapter V Trustee, Richard E. Furtek, Furtek & Associates LLC, Lindenwood Corporate Center, 101 Lindenwood Drive, Suite 225, Malvern, PA 19355 (rfurtek@furtekassociates.com). About Turning Points for Children Turning Points for Children, a subsidiary of Public Health Management Corporation, provides a range of social and health services to support children, caregivers, and families. Its mission is to nurture families with children who are struggling against economic and environmental odds. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 24-11479) on May 1, 2024. In the petition signed by David R. Fair, executive director, the Debtor disclosed $34,373,426 in assets and $6,400,954 in liabilities. Judge Ashely M. Chan oversees the case. Aris J. Karalis, Esq., at Karalis PC, is the Debtor's legal counsel. TWENTY THREE: Seeks Court Approval to Hire Tran Singh as Counsel ---------------------------------------------------------------- Twenty Three Times Investments, LLC Series A seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Tran Singh LLP as counsel. The firm will provide these services: (a) due diligence in preparation of the filing for Chapter 11 bankruptcy; (b) representation of the Debtor in its Chapter 11 bankruptcy as general bankruptcy counsel. The firm's current customary hourly rates generally range from $500 to $650 for attorneys and $125 for paraprofessionals. The professionals and paraprofessionals primarily responsible for the engagement and their hourly rates are: – Susan Tran Adams, Partner $600 – Brendon Singh, Partner $600 – Marissa Ellison, Associate $325 – Tyla Graves, Paralegal $105 Prior to the filing of the Chapter 11 case, the firm received a $57,000 retainer. On the petition date, the firm applied $10,234 in attorneys' fees and expenses, leaving a retainer balance of $46,766. According to court filings, Tran Singh LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and does not hold or represent an interest adverse to the Debtor's estate. The firm can be reached at: Susan Tran Adams, Esq. Brendon Singh, Esq. TRAN SINGH LLP 2502 La Branch Street Houston, TX 77004 Telephone: (832) 975-7300 Facsimile: (832) 975-7301 E-mail: stran@ts-llp.com bsingh@ts-llp.com About Twenty Three Times Investments, LLC Series A Twenty Three Times Investments, LLC Series A sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. W.D. Tex. Case No. 26-11039) on June 1, 2026. At the time of the filing, Debtor had estimated assets of between $10,000,001 and $50 million and liabilities of between $10,000,001 and $50 million. Judge Shad M. Robinson oversees the case. Tran Singh LLP is Debtor's legal counsel. ULTINON MOTION: Secures Court OK to Solicit Chapter 11 Plan Votes ----------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that the Chapter 11 liquidation plan proposed by Ultinon Motion Holding BV can now be sent to creditors for a vote after receiving court approval Tuesday, June 16, 2026. The company, a Netherlands-based affiliate of First Brands, pivoted away from a restructuring strategy in favor of liquidating its assets. With the disclosure statement approved, the debtor may formally solicit votes from creditors on the proposed plan. The filing describes how the estate's assets will be handled and how recoveries will be allocated among creditor groups, the report relays. The case represents another chapter in the financial struggles surrounding First Brands and its affiliates. Successful creditor approval and court confirmation would clear the way for Ultinon Motion to conclude its bankruptcy through an organized liquidation process, according to Law360. About Ultinon Motion Holding B.V. Ultinon Motion Holding B.V. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90428) on March 26, 2026. At the time of the filing, Debtor had estimated assets of between $50,000,001 and $100 million and liabilities of between $50,000,001 and $100 million. Judge Christopher M. Lopez oversees the case. Clifford Chance US LLP is Debtor's legal counsel. US MAGNESIUM: Court Okays Creditors' Chapter 11 Plan ---------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that US Magnesium's unsecured creditors won court approval Tuesday for their Chapter 11 liquidation plan after a Delaware bankruptcy judge overruled objections from the debtor's owner and Wells Fargo. The confirmation order authorizes the estate to move forward with liquidating remaining assets and addressing creditor claims. During the confirmation dispute, objecting parties argued that the plan did not adequately protect their interests and raised concerns about how value would be distributed. Creditors backing the proposal maintained that liquidation represented the best available outcome given the company's financial condition and the challenges facing any reorganization effort. The judge ultimately sided with the unsecured creditors, finding that the plan satisfied bankruptcy standards. The confirmed plan now provides a framework for concluding the case and distributing recoveries among stakeholders, according to Law360. About US Magnesium LLC US Magnesium LLC is a magnesium producer based in Salt Lake City, Utah. US Magnesium LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11696) on Sept. 10, 2025. In its petition, the Debtor estimated assets and liabilities between $100 million and $500 million each. Judge Brendan Linehan Shannon oversees the case. The Debtor tapped Michael Busenkell, Esq., at Gellert Seitz Busenkell & Brown, LLC as counsel; Carl Marks Advisory Group LLC as restructuring advisor; and SSG Advisors, LLC as investment banker. Stretto, Inc., is the Debtor's claims and noticing agent. VERACRUZ INVESTMENT: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- Veracruz Investment Group, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through June 25 to fund operations in accordance with its budget. The cash collateral consists of income collected from the operation of its multi-family housing asset. The Debtor is the owner of a 156-unit apartment complex located at 5738 Old Dixie Highway in Forest Park, Georgia. To finance the property, the Debtor originally executed a $9,055,000 Multifamily Note on March 24, 2023, payable to Newpoint Real Estate Capital, LLC, which was secured by a Multifamily Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement, and Fixture Filing. In early 2025, Newpoint assigned its interest in the loan and security documents to EMG Transfer Agent, LLC, wich now serves as the lender and asserts a security interest in both the physical real estate and its cash proceeds, which constitute the cash collateral. The Debtor has an urgent need to deploy the rental income to cover essential, ongoing ordinary course operating expenses, including payroll for on-site management and maintenance personnel, independent contractors, insurance, utilities, property taxes, and general administrative costs. Management emphasizes that timely payments are critical because a failure to pay workers could cause them to withhold services, and utility interruptions or deferred maintenance would directly harm the tenants and the physical property. Such operational disruptions would ultimately collapse the Debtor's ability to collect future rents and severely diminish the estate's ongoing value. The order is available at http://bankrupt.com/misc/VeracruzInvestment_ICCOrder.pdf About Veracruz Investments Veracruz Investment Group, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-57257) on June 1, 2026. In the petition signed by Jing-Yu Lai, manager, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Jamie Christy, Esq., at Schreeder Wheeler and Flint LLP, represents the Debtor as legal counsel. VERITONE INC: Cuts 25% of Workforce in 30% Cost Reduction Plan -------------------------------------------------------------- Veritone, Inc. announced in a regulatory filing that it made the decision to implement a restructuring plan, which includes a workforce reduction that was initiated on June 10, 2026, and a reduction in certain third-party operating costs. These actions are intended to reduce up to 30% of the Company's operating expenses as part of a realignment of its business and cost structure. The Company expects that the Plan will reduce the size of the Company's workforce by at least 25% of its employee count as of March 31, 2026. The workforce reduction began on June 10, 2026 in structured phases and is expected to be substantially completed by late July 2026. Employees affected by the Plan may be eligible to receive, among other things, severance payments based on the applicable employee's length of service with the Company and the continuation of benefits for a specified time period post-termination, provided, that each affected employee's eligibility for severance benefits is contingent upon such employee's execution of a separation agreement, which includes a general release of claims against the Company. At this time, the Company cannot reasonably estimate the costs and charges in connection with these actions. These costs and charges will relate primarily to employee transition, severance payments, exit costs of certain operating agreements and continuation of employee benefits. Following the completion of the Plan in Q3, the Company expects to achieve an annualized reduction of up to 30% of its annual operating expenses as compared to the trailing twelve months ended March 31, 2026. About Veritone Veritone, Inc. is a provider of artificial intelligence computing solutions. The Company's proprietary AI operating system, aiWARETM, uses machine learning algorithms, or AI models, together with a unit of powerful applications, to reveal valuable insights from vast amounts of structured and unstructured data. Grant Thornton LLP, the Company's independent registered public accounting firm for the fiscal year ended December 31, 2025, has included an explanatory paragraph in their opinion that accompanies the Company's audited consolidated financial statements as of and for the year ended December 31, 2025, indicating that the Company's debt service obligations, negative working capital and incurred historical negative cash flows and recurring losses, raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $155.2 million in total assets, $106.2 million in total liabilities, and $49 million in total stockholders' equity. VERRICA PHARMACEUTICALS: All Key Proposals Passed at Annual Meeting ------------------------------------------------------------------- Verrica Pharmaceuticals Inc. announced in a regulatory filing the final voting results from its Annual Meeting of Stockholders. At the Annual Meeting, the stockholders considered four proposals, each of which is described in more detail in the Company's Proxy Statement. Of the 17,178,786 shares outstanding as of the record date, 14,069,331 shares, or 81.89%, were present or represented by proxy at the Annual Meeting. Set forth below are the results of the matters submitted for a vote of stockholders at the Annual Meeting. Proposal No. 1: Election of two nominees to serve as directors until the 2029 annual meeting of stockholders and until their respective successors are elected and qualified. The votes were cast as follows: 1. Paul B. Manning * Votes For: 11,543,142 * Votes Withheld: 70,060 2. Lawrence Eichenfield * Votes For: 11,523,540 * Votes Withheld: 89,662 * Broker Non-Votes: 2,456,129 All nominees were elected. Proposal No. 2: Approval, on an advisory basis, of the compensation paid to the Company's named executive officers, as disclosed in the Proxy Statement. The votes were cast as follows: * Votes For: 11,564,256 * Votes Against: 34,355 * Abstained: 14,591 * Broker Non-Votes: 2,456,129 Proposal No. 3: Ratification of the selection of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. The votes were cast as follows: * Votes For: 14,058,234 * Votes Against: 8,055 * Abstained: 3,042 Proposal No. 4: Approval of the Company's Amended and Restated 2018 Equity Incentive Plan. The Plan was previously approved, subject to stockholder approval, by the Board of Director. The Plan became effective immediately upon stockholder approval at the Annual Meeting. The votes were cast as follows: * Votes For: 11,142,881 * Votes Against: 433,852 * Abstained: 36,469 * Broker Non-Votes: 2,456,129 Full text copy of the Plan is available at https://tinyurl.com/5f54w7xu About Verrica Pharmaceuticals West Chester, Pa.-based Verrica Pharmaceuticals Inc. is a dermatology therapeutics company developing and selling medications for skin diseases requiring medical intervention. KPMG LLP, the Company's independent registered public accounting firm since 2017 and headquartered in Philadelphia, Pennsylvania, included an explanatory paragraph in its audit report dated March 11, 2026, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has incurred substantial operating losses since inception and has negative cash flows from operations that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $38.8 million in total assets, $22.7 million in total liabilities, and $16.1 million in total stockholders' equity. VI ZEPHYRHILLS: Commences Chapter 11 Bankruptcy in Florida ---------------------------------------------------------- On June 10, 2026, VI Zephyrhills, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $100,001 and $1 million in debt owed to 1-49 creditors. Deadline for filing the Chapter 11 Plan and Disclosure Statement is October 8, 2026. About VI Zephyrhills, LLC VI Zephyrhills, LLC is a privately held limited liability company. The bankruptcy petition does not provide detailed information regarding the company's specific operations or business activities. VI Zephyrhills, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05000) on June 10, 2026. In its petition, the Debtor reported estimated assets ranging from $100,001 to $1 million and estimated liabilities ranging from $100,001 to $1 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by David W. Steen, Esq. of David W. Steen, P.A. VIRGINIA PARK: Seeks to Sell Detroit Property at Auction -------------------------------------------------------- Virginia Park 1, LLC and its affiliates, Herman Kiefer Development, LLC, Virginia Park 1, LLC, and Virginia Park 2, LLC, seek permission from the U.S. Bankruptcy Court for the Eastern District of Michigan, Southern Division-Detroit, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtors' primary asset is the long-abandoned, approximately 862,000-square-foot former Herman Kiefer Health Complex, together with adjoining formerly vacant, city-owned properties, located in Detroit, Michigan. The Debtors have determined, in their business judgment and wit the assistance of their investment banker, Cascadia Capital, LLC, that a sale of the HK Property through a Court-approved competitive bidding process is the best path to maximize value for the Debtors’ estates and their stakeholders. The Debtors seek to conduct a fair and open auction process designed to attract the highest or otherwise best offer for the HK Property. The proposed Bidding Procedures are fair, reasonable, and designed t maximize value for the Debtors’ estates through a competitive and transparent process. The Debtors have retained Cascadia Capital, LLC, a prominent investment bank, to assist the Debtors in maximizing the value of the HK Property and the Debtors' estates for all stakeholders. Cascadia is in the process of establishing a virtual data room containing due diligence materials relating to the HK Property and the Herman Kiefer Project, and qualified interested parties will be given access to the data room upon execution of a confidentiality agreement. Overview of the proposed sale timeline of the Property is provided. https://urlcurt.com/u?l=0PkfCZ Any person or entity interested in bidding on the HK Property must deliver to the Debtors and Cascadia. If two or more Qualified Bids are received by the Bid Deadline, the Debtors will conduct the Auction on September 30, 2026, at 10:00 a.m. (prevailing Eastern Time) at the offices of the Debtors’ counsel and/or by remote video. If only one Qualified Bid is received, the Debtors may cancel the Auction and designate such Qualified Bid as the Successful Bid (as defined below). The Auction will be conducted openly, and bidding will proceed in minimum increments as announced by the Debtors at or prior to the Auction. The Debtor believes that the Bidding Procedures proposed are designed to maximize the value received by the Debtors' estates through a competitive and transparent bidding process. The Debtors submit that the proposed Bidding Procedures reflect their sound business judgment, are consistent with the Bankruptcy Code and the Bankruptcy Rules and should be approved. The Debtors submit that the HK Property may be sold free and clear of all liens, claims, interests, and encumbrances. About Virginia Park 1 LLC Virginia Park 1 LLC provides real estate-related services, including property management and support activities, in connection with properties in Michigan. Virginia Park 1 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 25-11308) on June 10, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. Bankruptcy Judge Martin Glenn handles the case. The Debtors tapped Glenn Agre Bergman & Fuentes LLP as bankruptcy counsel; Stevenson & Bullock, PLC, as local counsel; and Cascadia Capital, LLC as investment banker. VIRIDIS CHEMICAL: Wins Approval to Solicit Creditor Votes --------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that on Friday, June 15,2026, Viridis Chemical LLC won court approval for its Chapter 11 disclosure statement, enabling the company to begin gathering creditor votes on its reorganization proposal. The Texas bankruptcy court's ruling represents an important step toward confirmation of the plan. Under bankruptcy rules, creditors must receive an approved disclosure statement before they can vote on a Chapter 11 plan. The approved materials provide details about the restructuring and the treatment of various creditor claims under the proposal. The company is now preparing for a July 8, 2026 confirmation hearing, where the court will consider whether the plan satisfies bankruptcy requirements. A favorable vote from creditors could strengthen Viridis' bid to emerge from Chapter 11 protection, the report cites. About Viridis Chemical LLC Viridis Chemical, LLC is a bio-based chemical technology company in Kingwood, Texas. Viridis Chemical and four affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90393) on March 8, 2026. In its petition, Viridis Chemical reported $10 million to $50 million in both assets and liabilities. Bankruptcy Judge Christopher M. Lopez handles the cases. The Debtors are represented by Paul E. Heath, Esq., and Matthew David Struble, Esq., at Vinson & Elkins, LLP; Carl Marks Advisory Group, LLC as investment banker and financial advisor; and Epiq Corporate Restructuring, LLC as notice, claims and solicitation agent. VIVAKOR INC: Registers 500,000 Shares Under 2025 Equity Plan ------------------------------------------------------------ Vivakor Inc. prepared a Registration Statement in accordance with the requirement of Form S-8 under the Securities Act, to register 500,000 shares of Common Stock issuable pursuant to the Vivakor, Inc. 2025 Equity and Incentive Plan. The 2025 Plan has been previously approved by the Registrant's Board of Directors and a majority vote of the Registrant's stockholders. A full text copy of the Registration Statement is available at https://tinyurl.com/ysktz5mk 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. As of March 31, 2026, the Company had $111.8 million in total assets, $78.1 million in total liabilities, and $33.6 million in total stockholders' equity. 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. VOLATO GROUP: Lines Up $2.21 Million Common Stock Sale ------------------------------------------------------ Volato Group, Inc. entered into a securities purchase agreement to sell 6.5 million Class A shares at 34 cents each, expecting $2.21 million in gross proceeds, according to a Form 8-K filed with the SEC. The June 7 agreement is with Catheter Precision, Inc. and certain institutional investors. The closing is subject to customary conditions, including NYSE American approval of a supplemental listing application and delivery to Catheter Precision of freely tradeable securities of a third party as described in the agreement. Volato also entered into a registration rights agreement requiring it to file a resale registration statement for the shares within 10 calendar days of that agreement and use commercially reasonable efforts to have it declared effective. The shares have not been registered under the Securities Act and were offered in reliance on exemptions under Section 4(a)(2) and Regulation D. The company said no sales commissions were paid. In a June 8 press release furnished with the filing, Volato said the investment would strengthen its balance sheet as it evaluates acquisition and merger opportunities in AI infrastructure, AI software, data infrastructure, compute, power generation and related sectors. Volato said it had received two unsolicited nonbinding letters of intent tied to potential artificial-intelligence ecosystem transactions, including opportunities involving AI data center infrastructure and power generation assets. The company said no definitive agreements had been executed and that there was no assurance either opportunity would result in a completed transaction. About Volato Group, Inc. Volato Group, Inc. is based in Chamblee, Georgia, is an aviation technology company that connects travelers to private, on-demand flight access and develops proprietary software platforms for enterprise and operational applications. The company historically generated revenue through its aircraft ownership program, deposit products, charter flights and aircraft management services. Its software products include Mission Control, Vaunt and Parslee; Vaunt is an experiential private aviation platform and Parslee is an enterprise AI platform that deploys autonomous agents within Microsoft 365 environments. The company is a holding company whose subsidiaries include Volato, Inc., Fly Vaunt, LLC, Parslee LLC, Volato Merger Subsidiary, Inc. and Gulf Coast Aviation, LLC. In an audit report dated March 12, 2026, Elliott Davis, PLLC included a going concern qualification, stating that Volato Group had an accumulated deficit and a working capital deficit. The 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 $7.91 million, total liabilities of $8.35 million and total stockholders' deficit of $446,000. VOLITIONRX LTD: Raises $4.1MM From Shares and Warrant Offering -------------------------------------------------------------- VolitionRx Limited announced in a regulatory filing that it entered into a securities purchase agreement with the certain purchasers, in connection with the Company's offer of an aggregate of 2,960,000 shares of its common stock, par value $0.001 per share, together with accompanying common stock purchase warrants to purchase 1,480,000 shares of Common Stock to the Purchasers and other investors who purchased Securities pursuant to the prospectus registering such Securities. The Securities were sold at a combined offering price of $1.55 per Share and accompanying Warrant. Pursuant to the Purchase Agreement, the Company also offered for sale pre-funded common stock purchase warrants to purchase shares of Common Stock to each Purchaser whose purchase of Shares in the offering would otherwise result in the Purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the Purchaser, 9.99%) of outstanding shares of Common Stock immediately following consummation of the offering, if such Purchaser so elects. No Pre-Funded Warrants were sold in the Offering. The Warrants have an exercise price of $1.55 per share, are exercisable immediately, and are exercisable for a period of five years from the closing of the Offering. The Warrants may be exercised on a cashless basis only if there is no registration statement registering, or the prospectus contained therein is not available for, the issuance of the shares underlying the Warrants to the holder. The Company is prohibited from effecting an exercise of any Warrants to the extent that such exercise would result in the number of shares of Common Stock beneficially owned by such holder and its affiliates exceeding 4.99% (or 9.99% at election of the holder) of the total number of shares of Common Stock outstanding immediately after giving effect to the exercise, which percentage may be increased or decreased at the holder's election not to exceed 9.99%. In connection with the Offering, the Company also entered into a warrant agent agreement with the Company's transfer agent, VStock Transfer, LLC, which will act as warrant agent for the Company with respect to the Warrants, setting forth certain terms and conditions with respect to the Warrant Agent's service as warrant agent for the Warrants. The net proceeds to the Company from the Offering are approximately $4.1 million after deducting placement fees and other estimated offering expenses payable by the Company and excluding the proceeds received from the exercise of Warrants, if any. The additional gross proceeds to the Company from the exercise of the Warrants, if fully exercised on a cash basis, will be approximately $2.3 million. The Company intends to use the net proceeds from the Offering for research and continued product development, clinical studies, product commercialization, working capital and other general corporate purposes, including the repayment of certain amounts outstanding under existing secured convertible notes. The Offering is being made pursuant to the Company's registration statement on Form S-3 (File No. 333-283088), initially filed with the Securities and Exchange Commission ("SEC") on November 8, 2024, as amended, and declared effective by the SEC on April 18, 2025, and a prospectus supplement thereunder. The Offering closed on June 9, 2026. Maxim Group LLC acted as the Company's placement agent in connection with the Offering. The Offering was conducted as a confidentially marketed public offering on a reasonable best efforts basis by Maxim acting as sole placement agent for the Company pursuant to a Placement Agency Agreement, dated June 7, 2026. The Company reimbursed Maxim for $75,000 of its reasonable, necessary, and documented out-of-pocket expenses incurred in connection with the Offering. The Placement Agency Agreement contains customary representations, warranties and covenants by the Company, customary conditions to closing, indemnification obligations of the Company, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties, and covenants contained in the Placement Agency Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by such parties. The Placement Agency Agreement, form of Warrant, Warrant Agent Agreement and Purchase Agreement are available at https://tinyurl.com/3px2jzp7, https://tinyurl.com/mpw45czp, https://tinyurl.com/yc6c9xxn, and https://tinyurl.com/mr3s4zuj respectively. A copy of the opinion of Stradling Yocca Carlson & Rauth LLP relating to the legality of the issuance and sale of the Shares and Warrants, and the shares of Common Stock issuable upon exercise of the Warrants, is available at https://tinyurl.com/mv3fsnzp About Volition Henderson, Nev.-based VolitionRx Limited is a multinational epigenetics company. It has patented technologies that use chromosomal structures, such as nucleosomes, and transcription factors as biomarkers in cancer and other diseases. Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company suffered recurring losses from operations, negative cash flows from operations, and minimal revenues, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $9 million in total assets, $42.4 million in total liabilities, and $33.4 million in total stockholders' deficit. WAVY MEDIA: UCC Public Sale Scheduled for June 19 ------------------------------------------------- AuctionWorks, on behalf of the Secured Party, will offer for sale at a public auction under Article 9 of the Uniform Commercial Code certain membership interests in Wavy Media LLC and Wavy Property Management LLC, each a Puerto Rico limited liability company. The sale will be conducted virtually via Zoom. Instructions on how to register to become a qualified bidder and attend the auction are outlined in the Auction Terms & Conditions available at https://auctions.awproperties.com/product/ucc-sale-of-membership-interests-in-wavy-media-Ilc-and-wavy-property-management-llc/ or by contacting Diana Peterson, AuctionWorks, at dianap@awproperties.com. Qualification Deadline: June 16, 2026, at 12:00 noon Eastern Time Auction Date: June 19, 2026, at 11:00 a.m. Eastern Time AuctionWorks is a division of AW Properties Global, LLC. WHITEEAGLE PROPERTIES: To Sell Lindsborg Property to Losiks ----------------------------------------------------------- WhiteEagle Properties 22 Corp. seeks permission from the U.S. Bankruptcy Court for the District of Kansas to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 115 N. Main St., Lindsborg, KS 67456. On February 23, 2026, the Court entered an Order approving the terms and procedures for the auction of the Real Estate by McCurdy Real Estate & Auction, LLC. Following the initial auction, Curtis Graumann was the high bidder for the Real Estate, and on May 14, 2026, the Court entered an Order authorizing the sale of the Real Estate to Graumann. Subsequently, Graumann failed to close on the sale, and the Real Estate was re-auctioned by McCurdy . At the conclusion of the second auction, the Losiks were the successful bidder for the Real Estate with a high bid of $215,000.00, exclusive of the 10% buyer's premium payable to McCurdy. The Real Estate will be sold in its present, "as is" condition, with no express or implied warranties and subject to all rights of way and easements of record. The Real Estate will be sold free and clear of all liens and encumbrances. Details of the proceeds of the sale of the real estate are also provided. https://urlcurt.com/u?l=NKgCR0 To the extent the Losiks' allowed secured claim exceeds the amount applied as a credit against the Purchase Price pursuant to the Auction Procedures Order, the unsatisfied portion of the Losiks' claim shall be deemed satisfied and discharged. About Whiteeagle Properties 22 Corp. Whiteeagle Properties 22 Corp. is a property company based in Lindsborg, Kansas that operates in the real estate sector. Whiteeagle Properties 22 Corp. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 25-10770) on July 28, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Mitchell L. Herren handles the case. The Debtor is represented by Mark J. Lazzo, Esq. at Landmark Office Park. WINDSOR HOSPITALITY: Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ Windsor Hospitality Group, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of California, Santa Rosa Division, to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral to fund operations based on a court-approved budget. The court determined that the secured creditors' collateral value substantially exceeds the amount of the pre-petition debt, providing adequate protection for the secured creditors' interests. To evaluate continued use of cash collateral, the court scheduled a final hearing for July 31, at 10:00 a.m. The Debtor must file a revised six-month budget at least seven calendar days before that hearing to support its request for continued access to cash collateral. The order also requires that all post-petition franchise fees owed under the Holiday Inn Hotel New Development/Relicensing License Agreement dated January 10, 2014, be paid in full in the ordinary course no later than the 15th day of each month, notwithstanding any other provisions of the cash collateral order or budget. The order is available at http://bankrupt.com/misc/WindsorHospitality_CCOrder.pdf Windsor's three principal stakeholders are the State Bank of Texas (first lien lender), the Small Business Administration (second lien lender), and Intercontinental Hotels Group (its franchisor). The Debtor's hotel is worth approximately $17.5 million, with the State Bank of Texas owed about $9.1 million and the SBA owed approximately $3.8 million. Based on this valuation, both secured creditors are substantially oversecured, with equity cushions of approximately 48% for the State Bank of Texas and 54.76% for the SBA. This surplus equity, combined with proposed replacement liens on post-petition assets, provides sufficient adequate protection. The Debtor lacks any non-collateral sources of liquidity and faces imminent payment obligations, making immediate approval of cash collateral use critical to avoid irreparable harm. About Windsor Hospitality Group LLC Windsor Hospitality Group, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-10425) on June 3, 2026. In the petition signed by Nick Desai, Jr, member and general manager, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Dennis Montali oversees the case. C. Alex Naegele, Esq., at C. Alex Naegele, A Professional Law Corporation, represents the Debtor as legal counsel. WORKSPORT LTD: CEO Takes 79,618 Shares in Lieu of Cash Pay ---------------------------------------------------------- Worksport Ltd. announced that its Founder and Chief Executive Officer, Steven Rossi, has elected to receive 79,618 shares of the Company's common stock in lieu of receiving $50,000 in cash compensation otherwise payable to him. The shares were issued to Mr. Rossi pursuant to a Stock Purchase Agreement dated June 5, 2026, between Mr. Rossi and the Company at a purchase price of $0.6280 per share, representing the closing price of the Company's common stock on the Nasdaq Capital Market on June 5, 2026. This marks the second time Mr. Rossi has elected to receive Company shares in satisfaction of accrued compensation. As previously announced, in April 2026, Mr. Rossi elected to receive 88,214 shares of common stock in lieu of $75,000 in accrued cash compensation. Mr. Rossi's continued reflects his confidence in the Company's long-term strategy and his belief that the Company's current market valuation does not fully reflect its asset base, growth trajectory, expanding sales channels, intellectual property portfolio, and progress toward achieving operational cash-flow positivity. Over the past several years, Worksport has grown annual revenue from approximately $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, while simultaneously expanding gross margins, increasing dealer penetration, commercializing new products and investing in infrastructure designed to support future growth. Worksport continues to pursue its stated objective of achieving operational cash-flow positivity through growing sales, expanding distribution, improving manufacturing efficiencies and advancing its recently launched clean-energy solutions. Management also believes that the continued commercial rollout of the Company's Nexus Tonneau Cover, launched in April 2026, together with the Company's broader commercialization initiatives, will support its long-term growth objectives. CEO Commentary "I continue to believe that Worksport is trading materially below the value of the business we have built," said Steven Rossi, Founder and Chief Executive Officer. "Over the last several years, we have transformed Worksport through substantial investments in manufacturing, inventory, product development, distribution, intellectual property, and brand equity. During that time, our revenue has continued to grow, our margins have continued to improve, and we have made significant progress toward achieving operational cash-flow positivity. "While market conditions and sentiment can fluctuate, my conviction in the Company remains unwavering. My decision to receive shares instead of cash compensation reflects my strong belief that the market has not yet fully recognized the strength of our assets, the progress we have made, or the opportunities that lie ahead. I have tremendous confidence in our team and remain highly optimistic about our ability to execute our strategy and create long-term shareholder value." Management remains focused on disciplined execution, operational efficiency, revenue growth, and strengthening the Company's position across both its core and emerging business segments. About Worksport Ltd. West Seneca, N.Y.-based Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns intellectual property on a portfolio of tonneau cover, solar integration, portable power station, and NP (Non-Parasitic), Hydrogen-based green energy products and solutions for the automotive aftermarket accessories, power storage, residential heating, and electric vehicle-charging industries. Buffalo, N.Y.-based Lumsden & McCormick, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated March 26, 2026, saying "The Company has experienced recurring net losses that raise substantial doubt about the Company's ability to continue as a going concern. Upon analysis of the Company's current financial situation and projected outlooks, we believe there is substantial doubt about the Company's ability to continue as a going concern." As of March 31, 2026, the Company had $27.88 million in total assets, $7.90 million in total liabilities, and $19.98 million in total stockholders' equity. WORLD'S BEST: Case Summary & Seven Unsecured Creditors ------------------------------------------------------ Debtor: World's Best, LLC 100 Park Avenue, Apt. 3103 Fort Lee, NJ 07024 Business Description: World's Best, LLC is a Fort Lee, New Jersey- based wholesale produce importer specializing in exotic fruits and vegetables for U.S. and Canadian markets. Chapter 11 Petition Date: June 4, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-16378 Judge: Hon. Mark Edward Hall Debtor's Counsel: Melinda Middlebrooks, Esq. MIDDLEBROOKS SHAPIRO, P.C. 841 Mountain Avenue Springfield, NJ 07081 Tel: (973) 218-6877 Fax: (973) 218-6878 E-mail: middlebrooks@middlebrooksshapiro.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Zafar S. Raza as president. 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/IS65SXI/Worlds_Best_LLC__njbke-26-16378__0001.0.pdf?mcid=tGE4TAMA XCF GLOBAL: Prices $600,000 Private Placement --------------------------------------------- XCF Global Inc. agreed to sell 4 million Class A common shares to accredited investors for about $600,000 in gross proceeds in a private placement priced at 15 cents a share, according to a Form 8-K filing with the Securities and Exchange Commission. H.C. Wainwright & Co. and Roth Capital Partners are acting as exclusive co-placement agents. In lieu of a 7% cash fee, XCF agreed to issue the placement agents 233,333 common shares. XCF also agreed to issue the placement agents five-year warrants to buy common stock equal to 3% of the aggregate shares sold in the offering, with an exercise price of 21 cents a share. An existing stockholder agreed to buy 666,666 shares directly from the company for $100,000. About XCF Global XCF Global, Inc. is a Houston-based renewable fuels company focused on producing sustainable aviation fuel and other biofuels from waste- and residue-based feedstocks. The company's operations are anchored by its New Rise Reno production facility in Reno, Nevada, with additional facilities in Florida and North Carolina under evaluation for development. Through predecessor Legacy XCF, which was incorporated in 2023, XCF Global serves aviation and renewable-fuel markets, including through a supply and offtake agreement with Phillips 66. Grant Thornton LLP, which has served as XCF Global's auditor since 2025, included a going-concern paragraph in its March 31, 2026, audit report, citing operating losses since inception and expectations for continued operating losses and negative cash flow. As of March 31, 2026, XCF Global, Inc., reported total assets of $402.96 million, total liabilities of $377.65 million and stockholders' equity of $25.31 million. YNLC CAFE: Gets Interim OK to Use Cash Collateral Until July 10 --------------------------------------------------------------- Y.N.L.C. Cafe Corp received interim approval from the U.S. Bankruptcy Court for the Eastern District of New York to use cash collateral through July 10. Under the interim order, the Debtor is authorized to use the cash collateral of its primary secured creditor, the U.S. Small Business Administration, to fund its operations based on a court-approved budget. The SBA holds a first-position lien securing a $488,970 loan, leaving a substantial portion of that claim effectively unsecured due to insufficient collateral value. Additional obligations include an IRS tax lien of $86,980, a New York State tax lien of $33,415, and further contingent liabilities arising from cross-guarantees tied to other related restaurant ventures. Given the SBA's senior position exhausting available collateral value, all junior tax and commercial claims are entirely unsecured in practice. The SBA will be provided with adequate protection through a monthly payment of $250 and a first position replacement lien on the Debtor's unencumbered assets, including post-petition assets. The order is available at http://bankrupt.com/misc/YNLCCafe_ICCOrder.pdf A final hearing will be held on July 10 Y.N.L.C.'s Chapter 11 filing was prompted primarily by a temporary February 2026 shutdown for extensive renovations, during which the business generated no revenue while still incurring fixed expenses such as rent and overhead. Since reopening on April 17, the restaurant has experienced a steady recovery, generating approximately $40,000 in weekly revenue, with expectations for further growth as seasonal outdoor seating becomes fully available. The Debtor aims to use the bankruptcy process to restructure its obligations, eliminate unsustainable pre-petition debt, and implement a reorganization plan designed to maximize creditor recovery while preserving going-concern value. The company's financial structure is heavily leveraged and underwater, with total scheduled business assets valued at only $53,500. About YNLC Cafe Corp YNLC Cafe Corp d/b/a Avenue Cafe is a long-operating full-service restaurant in Astoria, New York. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 1-26-42734-ess) on June 3, 2026. In the petition signed by Michael Miltiadou, president, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Judge Elizabeth S. Stong oversees the case. Gary C. Fischoff, Esq., at BFSNG Law Group, LLP, represents the Debtor as legal counsel. [] Sullivan & Sullivan to Auction Dover, MA Lot on June 25 ---------------------------------------------------------- The Sullivan & Sullivan Auctioneers LLC announced that an on-site foreclosure auction for 1+/- acre buildable lot located at 36 Yorkshire Road, Dover, MA is scheduled for Thursday, June 25, 2026, at 11:00 a.m. Property description: * desirable location in Dover, MA coveted neighborhood * close to Dover Sherborn Middle School * new four-bedroom septic system installed in 2024 * certificate of compliance in-hand * former house removed Lot sold "As Is". Subject to prior mortgage. Mortgage Ref: Norfolk Cty Reg. of Deeds in Book 42221, Page 325 Lot Size: 43,996+/- SF Terms of Sale $25,000 deposit by bank check; deposit must be increased to 10% of withing five (5) business days and balance due 30 days. For inquries: call 617-350-7700 For full terms of the auction visit Sullivan & Sullivan Auctioneers' website at sullivan-auctioneers.com [^] BOOK REVIEW: A History of the New York Stock Market ------------------------------------------------------- Author: Robert Sobel Publisher: Beard Books Soft cover: 395 pages List Price: $34.95 https://ecommerce.beardbooks.com/beardbooks/the_big_board.html First published in 1965, The Big Board was the first history of the New York stock market. It's a story of people: their foibles and strengths, earnestness and avarice, triumphs and crash-and-burns. It's full of entertaining anecdotes, cocktail-party trivia, and tales of love and hate between companies and investors. Early investments in North America consisted almost exclusively of land. The few securities holders lived in cities, where informal markets grew, with most trading carried out in the street and in coffeehouses. Banking, insurance, and manufacturing activity increased only after the Revolution. In 1792, 24 prominent New York businessmen, for whom stock- and bond-trading was only a side business, met under a buttonwood tree on Wall Street and agreed to trade securities on a common commission basis. Five securities were traded: three government bonds and two bank stocks. Trading was carried out at the Tontine Coffee-House in a call market, with the president reading out a list of stocks as brokers traded each in turn. The first half of the 19th century was heady for security trading in New York. In 1817, the Tontine gave way to the New York Stock and Exchange Board, with a more organized and regulated system. Canal mania, which peaked in the late 1820s, attracted European funds to New York and volume soared to 100 shares a day. Soon, the railroads competed with canals for funding. In the frenzy, reckless investors bought shares in "sheer fabrications of imaginative and dishonest men," leading an economist of the day to lament that "every monied corporation is prima facia injurious to the national wealth, and ought to be looked upon by those who have no money with jealousy and suspicion." Colorful figures of Wall Street included Jay Gould and Jim Fisk, who in 1869 precipitated one of the worst panics in American financial history by trying to corner the gold market. Almost lynched, the two were hauled into court, where Fisk whined, "A fellow can't have a little innocent fun without everybody raising a halloo and going wild." Then there was Jay Cooke, who invented the national bond drive and, practically unaided, financed the Union effort in the Civil War. In 1873, however, faulty judgement on railroad investments led to the failure of Cooke & Co. and a panic on Wall Street. The NYSE closed for ten days. A journalist wrote: "An hour before its doors were closed, the Bank of England was not more trusted." Despite J. P. Morgan's virtual single-handed role in stemming the Knickerbocker Trust panic of 1907, on his death in 1913, someone wrote "We verily believe that J. Pierpont Morgan has done more harm in the world than any man who ever lived in it." In the 1950s, Charles Merrill was instrumental in changing this attitude toward Wall Streeters. His firm, Merrill Lynch, derisively known in some quarters as "We, the People" and "The Thundering Herd," brought Wall Street to small investors, traditionally not worth the effort for brokers. The Big Board closes with this story. Asked by a much younger man what he thought stocks would do next, J.P. Morgan "never hesitated for a moment. He transfixed the neophyte with his sharp glance and replied 'They will fluctuate, young man, they will fluctuate.' And so they will." Robert Sobel died in 1999 at the age of 68. A professor at Hofstra University for 43 years, he was a prolific historian of American business, writing or editing more than 50 books. This book may be ordered by calling 888-563-4573 or by visiting www.beardbooks.com or through your favorite Internet or local bookseller. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. 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