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260710.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, July 10, 2026, Vol. 30, No. 191 Headlines 1415 BENNETT: Seeks to Hire The Messerli Law Firm as Legal Counsel 22ND CENTURY: Smoker Friendly to End Manufacturing Agreement 2315 LOMA VISTA: Taps L.A. Home Appraisal as Real Estate Appraiser 23ANDME INC: Judge OKs $47MM Data Breach Settlement Deal 2451 BROADWAY: Nat Wasserstein Named Subchapter V Trustee 3 BROTHERS LAND: Seeks to Hire Cox Law Group as Bankruptcy Counsel 30 EAST 40TH: Seeks to Retain Walter & Samuels as Property Manager 30 EAST 40TH: Taps Rosenberg & Estis as Real Estate Counsel 4 OEM PLASTICS: Seeks to Hire Marshall & Stevens as Appraisers 4210 W CARMEN: Seeks to Hire Comer Law Firm as Bankruptcy Counsel 4311 FIG STREET: Seeks to Tap Comer Law Firm as General Counsel 57 CONCRETE: Employs Parkins & Rubio as General Bankruptcy Counsel 57 CONCRETE: Seeks to Hire The Fishel Law Group as Counsel 581 105TH AVENUE: Hires Trustee Realty Inc. as Real Estate Agent 60 WALTER: Seeks Chapter 11 Bankruptcy in Texas 609 5TH AVE: Commences Chapter 11 Bankruptcy in New York 7&7 PROPERTY: Seeks Chapter 11 Bankruptcy in Georgia 801 RESTAURANT: Committee Taps Sandberg Phoenix as Legal Counsel 948-52 W. WEBSTER: Taps At World Properties as Real Estate Broker A & A BODY WORKS: Court Extends Cash Collateral Access to Aug. 8 A BEAUTIFUL LIVING: Taps Cairncross & Hempelmann as Legal Counsel A&A DEMO: Plan Exclusivity Period Extended to Sept. 18 A&C AUTOWORKS: Seeks Approval to Hire Hoffman CPA as Accountant ABRAHAM EYE: Section 341(a) Meeting of Creditors on July 27 ACADEMY OF VOLLEYBALL: Hires Pillsbury & Coleman as Counsel ADDISON DENTAL: Seeks Chapter 11 Bankruptcy Amid Revenue Dip AFC ACQUISITION: Seeks Cash Collateral Access Thru Dec 31 AGA REAL ESTATE: Hires James Chubb CPA as Accountant AGA REAL ESTATE: Taps Hire Martin DeMelfi LLC as Special Counsel ALBRITTON FARMS: Hires Coldwell Banker as Real Estate Broker ALGORHYTHM HOLDINGS: Exchanges $3.5MM Debt for Preferred Shares ALL-CITY TOWING: Seeks to Extend Plan Exclusivity to July 30 ALLSTATE LENDING: Seeks to Extend Plan Exclusivity to Sept. 28 AMBER ACQUISITIONCO: S&P Assigns 'B' ICR, Outlook Stable AMERICAN CONTRACTORS: Gets Final OK to Use Cash Collateral AMERICAN TOOL: Gets Court OK to Hire Oscher as Independent Director AMERIGUARD SECURITY: Debts Exceed Assets by $4.4-Mil. at March 31 ANDERSON HAY: Amends Several Unsecured Claims Pay Details APPTECH PAYMENTS: Obtains $500,000 Working Capital Loan ARCADIA BIOSCIENCES: Board OKs Discretionary Bonus for CEO ARCADIA BIOSCIENCES: Sets 2026 Annual Meeting for Sept. 10 ASPIRA INC: Seeks to Hire Bach Law Offices as Bankruptcy Counsel ASPIRA INC: Taps Transwestern Commercial Services as Estate Broker ATLANTIC RECOVERY: Voluntary Chapter 11 Case Summary AVALON GLOBOCARE: Raises $400,000 via Preferred Stock Sale B+T GROUP: Gladstone Investment Marks $14M 1L Loan at 73% Off BAILEY VENTURES: Commences Chapter 11 Bankruptcy in Texas BANNER CHEMICAL: Hires Banner Chemical as Environmental Consultant BARTON COLLEGE: S&P Affirms 'BB+' Rev. Bonds Rating, Outlook Neg. BBBB GP: Seeks to Tap Phyllis Browning Company as Estate Broker BEAR COUNTRY: Case Summary & 20 Largest Unsecured Creditors BEAR COUNTRY: Seeks Chapter 11 Bankruptcy After Foreclosure Action BED BATH: Investor Can Keep Profits, 2d Circuit Affirms BEELINE HOLDINGS: Makes MagicBlocks Wholly Owned Subsidiary BEELINE HOLDINGS: Raises $1.58MM Under Equity Purchase Agreement BETHUNE SUITES: Claims to be Paid from Property Sale Proceeds BHUJS INC: Seeks Subchapter V Bankruptcy in Colorado BIG DIGITAL: Endeavor Blockchain Holds 46.4% Equity Stake BISHOP 10TH STREET: Voluntary Chapter 11 Case Summary BISHOP 10TH: Commences Chapter 11 Bankruptcy in Texas BORJOMI 1: Seeks to Hire Alla Kachan P.C. as Bankruptcy Counsel BOXLIGHT CORP: Faces Nasdaq Delisting Over Equity Requirement BRABHAM CONSTRUCTION: Case Summary & Six Unsecured Creditors BRAND ENGAGEMENT: Completes $19.5 Million Cataneo Deal BRD LAND: Seeks to Hire Cole Hayes Law as Litigation Counsel BRIGHTLINE TRAIN: Secures More Time as Loan Talks Progress BWX TECHNOLOGIES: S&P Upgrades ICR to 'BB+' on Strategic Expansion CAMP MYSTIC: Employs Epiq Corporate as Claims, Noticing Agent CAREVIEW COMMUNICATIONS: Extends Debt Maturity to Sept. 30 CELSIUS NETWORK: Ex-GC's Suit Against Former Execs Tossed CENTRIC BEHAVIORAL: Voluntary Chapter 11 Case Summary CHAFIN AGENCY: Hires The Smeberg Law Firm as Counsel CHINN BAKER: Amends Plan to Include Ch'Vonne Baker Disputed Claim CIRCLE D TRUCK: To Employ Sussman & Moore as Legal Counsel CLEAN ENERGY: Appoints Wang, Zhang to Board Effective June 21 CLICKSPRING DESIGN: Seeks to Hire Hancock Firm as Valuation Expert COAST TO COAST: Seeks to Extend Plan Exclusivity to Oct. 9 CONTROLLED CHAOS: Seeks to Hire Truman Mox Inc. as Appraiser COOL LIFE: Section 341(a) Meeting of Creditors on July 10 CORELOGIC INC: S&P Rates Proposed First-Lien Term Loan 'B-' COSTAL DEVELOPMENT: Court Extends Cash Collateral Access to Aug. 6 CREATIVE REALITIES: Richard Mills Holds 11.9% Equity Stake CRESCENT CO-OP: Seeks to Hire Hammond Law Firm as General Counsel DAMIS HOLDINGS: Seeks Approval to Hire Faegre Drinker as Counsel DENTISTAR P.C.: Gets Final OK to Use Cash Collateral DESIGN MOVES: Seeks to Tap Cuenant & Pennington as Legal Counsel DILIGENT DELIVERY: Gladstone Virtually Writes Off $13M 2L Loan DIOCESE OF EL PASO: Plan Exclusivity Period Extended to Oct. 5 DNA X: Signs $8.1MM Securities Purchase Deal With DNA Holdings DREAMS AND DESTINATIONS: Gets Extension to Access Cash Collateral DUNE UNION: Charles Persing of Bederson Named Subchapter V Trustee DYNASTY FAB: Commences Chapter 11 Bankruptcy in Michigan DYNASTY FAB: Seeks to Hire Harmon Partners as Financial Advisor E F REALTY: Seeks Chapter 11 Bankruptcy for 2nd Time ECOM AUTHORITY: Updates Liquidating Plan Disclosures EDEN HOME: Seeks to Hire Donna Este-Green as Attorney EDGE ADHESIVES: Gladstone Investment Virtually Writes Off $9.2M 1L Loan EFFICIENT IRRIGATION: Seeks Subchapter V Bankruptcy in Texas ELECTRONIC LAB: John Rhyne Named Subchapter V Trustee ENDO INT'L: McKinsey Seeks Access to Docs in Opioid Sales Suit ENERGY TRANSFER: Fitch Rates Jr. Subordinated Notes Due 2057 'BB+' ENGINEERED MACHINERY: S&P Alters Outlook to Pos., Affirms 'B-' ICR ESGTHERM LLC: Gets Interim OK to Use Cash Collateral ETHEMA HEALTH: Liabilities Exceed Assets by $9.6-Mil. at Dec. 31 FAIRFAX INVESTORS: Files Emergency Bid to Use Cash Collateral FALLS CONDOMINIUM: Stalking Horse Bidder for Condominium Sale OK'd FIGURE TECHNOLOGY: Fitch Assigns 'B+(EXP)' IDR, Outlook Stable FIVE STAR: Nears Chapter 11 Bankruptcy Exit FORTRESS HOLDINGS: Strikes Bank Deal, Targets August Ch. 11 Exit FRED RAU: Gets Extension to Access Cash Collateral FREEDOM TRAILERS: Case Summary & 20 Largest Unsecured Creditors FREEDOM TRAILERS: Seeks Chapter 11 Bankruptcy with $69K Tax Debts GABBY INVESTMENT: To Sell Lawrence Property to Marie Rose Previlus GENESIS HEALTHCARE: Seeks to Extend Plan Exclusivity to Sept. 30 GEV IO: Seeks to Hire GCP Inc. as Investment Banker GLOBAL DAIRY: Chapter 11 Plan Due October 15 GOLDENPEAKS POLAND: Brookfield Selected as Lead Bidder GRABOYES LLC: Seeks Approval to Employ Saul Ewing as Counsel GRABOYES LLC: Seeks Approval to Tap Pierson Ferdinand as Counsel GRABOYES LLC: Seeks Court Approval to Hire Saul Ewing as Counsel GREATER LOS ANGELES: Seeks to Hire FLP Law Group as Counsel GREENMILEEV LLC: Seeks Subchapter V Bankruptcy in Illinois HALL'S GAS SERVICES: Gets Interim OK to Use Cash Collateral HARLEY-DAVIDSON INC: S&P Downgrades ICR to 'BB+', Outlook Stable HAWTHORNE RACE: Taps Carey White Boland as Special Counsel HEADWAY WORKFORCE: Trustee Seeks to Hire Sorren as Accountant HEPION PHARMACEUTICALS: Welcomes Danina Fisher, Gary Stetz to Board HERITAGE WVILLE: Claims to be Paid from Continued Operations HIGHLAND LAKES MARINA: Seeks Chapter 11 Bankruptcy in Texas HIGHLAND LAKES: Case Summary & Two Unsecured Creditors HILL METAL: To Sell Jackson Property to Shria Management for $6.4MM HIS WAY SIGN: Taps Ivey McClellan Siegmund as Counsel HOME CONCEPTS: Gladstone Investment Marks $12M 2L Loan at 30% Off HOPS ON MAIN: Unsecureds Will Get 100% of Claims over 60 Months HORIZON FACILITIES: Gladstone Marks $57.7M 2L Loan at 71% Off HOUSES FOR THE COMMUNITY: Seeks Subchapter V Bankruptcy HUGHES NETWORK: Taps Restructuring Counsel Prior Debt Maturity INSPIREMD INC: Director Raymond Cohen Steps Down J W INSULATION: Kathleen DiSanto Named Subchapter V Trustee JACKSON AVENUE: Section 341(a) Meeting of Creditors on July 17 JANAM MADISON: Case Summary & One Unsecured Creditor JANAM MADISON: Commences Chapter 11 Bankruptcy in Georgia JEFFERY LAND: Hires KJ Commercial LLC as Real Estate Broker JMAY REALTY: Seeks 30-Day Extension of Plan Filing Deadline JR AND SP: Seeks Approval to Hire DeMarco Mitchell as Counsel JVL 1998: Seeks to Hire Desai Law Firm LLC as Bankruptcy Counsel KING AT EIGHT: Initiates Subchapter V Bankruptcy in Georgia KONA COAST: Case Summary & Six Unsecured Creditors LABFITOUT LLC: Case Summary & 20 Largest Unsecured Creditors LASEN INC: Hires Mesilla Valley Estate Sales as Auctioneer LEACH PAINTING: Court Extends Cash Collateral Access to Aug. 31 LEADERS IN INNOVATION: George Oliver Named Subchapter V Trustee LHLV LLC: Richard Preston Cook Named Subchapter V Trustee LIGADO NETWORKS: Seeks $32MM Settlement in Boeing Dispute LINDSLEY EXCAVATING: Gets Final OK to Use Cash Collateral LISBON VISTA: Seeks 120-Day Extension of Plan Filing Deadline LQR HOUSE: Unit Signs Two-Year ByteDance Compute Deal MAIN STREET: Hires Shraiberg Page P.A. as Bankruptcy Counsel MANDS ELECTRIC: Court Extends Cash Collateral Access to Aug. 14 MATTHEWS 350: Dave Matthews Wants to Block Financial Claims MEANDERING BEND: Voluntary Chapter 11 Case Summary MEDICAL SYSTEM: Seeks to Hire Otteson Shaprio LLP as Counsel MEGNA GRIZZLY: Voluntary Chapter 11 Case Summary MIGHTY LEASE: Plan Exclusivity Period Extended to July 27 MILLERKNOLL: S&P Alters Outlook to Stable, Affirms 'BB' ICR MONEY MOVES: Seeks Subchapter V Bankruptcy in New York MONTANA VILLAGE: Seeks Continued Cash Collateral Access MULGA, AL: S&P Affirms 'BB+' Rating on Water and Gas Utility Bond MULTI-RACE HOUSING: Hires Patrick J Gros CPA as Accountant NAUTICUS ROBOTICS: Secured Lender Exchanges $4M Debt for Preferred NEEMA LLC: Seeks Subchapter V Bankruptcy in North Carolina NEO ZONE: Court Extends Cash Collateral Access to Aug. 31 NEW ENGLAND INVESTMENT: David Madoff Named Subchapter V Trustee NEW HOPE: Seeks to Extend Plan Filing Deadline to Oct. 28 NICHOLS STRATEGIES: Section 341(a) Meeting of Creditors on July 22 NYC OF PIERMONT: Section 341(a) Meeting of Creditors on July 16 OHA PAPI: Case Summary & 20 Largest Unsecured Creditors OHIO LUXURY: Seeks to Sell Construction Business to Highest Bid OMNI BAG: C. Jerome Teel Named Subchapter V Trustee PENGOL HOSPITALITY: Commences Chapter 11 Bankruptcy in Arizona PERASO INC: Enters $25M Equity Line With Roth Principal Investments PHCV4 HOMES: Secured Creditor Updates Liquidating Plan Disclosures PHOENIX RACK: Christopher Simpson Named Subchapter V Trustee PNP LLC: Taps Bell Gould Linder & Scott PC as Bankruptcy Counsel POWER STOP: Fitch Assigns 'B-' LongTerm IDR, Outlook Stable PROPHASE DIAGNOSTICS: Unsecured Claims Under $3K to Recover 100% RAIN ENHANCEMENT: Sets Up $3.51M At-the-Market Plan RAPID REPAIR: Steven Wallace Named Subchapter V Trustee RAVEN RHAPSODY: Seeks to Hire Bedi Legal as Legal Counsel RAVEN SHADOW: Seeks to Hire Bedi Legal PC as Legal Counsel REEL TRIMS: Claims to be Paid from Disposable Income RELEASE WELL-BEING: Section 341(a) Meeting of Creditors on July 13 RIDER UNIVERSITY: S&P Affirms 'BB-' LT Rating on Debt Issued RIVERSIDE INN: Ordered Into Receivership, Cited for Drugs, Crime ROGUE FARE: Mountain Mike's Pizza Franchisee Seeks Chapter 11 ROGUE FARE: To Hire Keith Y. Boyd P.C. as Attorney ROLLING TANK: Gets Interim OK to Use Cash Collateral ROSLAND CAPITAL: Seeks to Retain BMC Group as Noticing Agent RUSSELLVILLE DENTAL: Seeks Subchapter V Bankruptcy in Kentucky S & S MASONRY: Section 341(a) Meeting of Creditors on July 10 SABLE OFFSHORE: Issues $345 Million Convertible Notes Due 2031 SAICP HOTEL: To Employ Stretto Inc. as Real Estate Advisor SAILORMEN INC: Gets Extension to Access Cash Collateral SANGAMO THERAPEUTICS: Hires Verita as Claims and Noticing Agent SCHRAPPER'S FINE: Seeks Approval to Hire Zeichman Law as Attorneys SCIENS GROUP: Chapter 15 Case Summary SEARLES VALLEY: Court OKs Bid Rules for Mining Asset Sale SERTA SIMMONS: Court Awards $400MM to Left-Out Lenders SERTA SIMMONS: Oaktree, BlackRock Settle Uptier Lender Suit SERVIN PLUMBING: Mark Dennis of SL Biggs Named Subchapter V Trustee SHELTERING ARMS: Hires Cipriani & Warner as Cybersecurity Counsel SHELTERING ARMS: Taps Spencer Fane LLP as Real Estate Counsel SILVER STAR: Seeks to Hire DeMarco Mitchell as Counsel SIMAD HOLDINGS: Ch. 11 Loan Approval Faces Opposition from Lender SINTX TECHNOLOGIES: Executes Letter Agreement With MedTech Ceramics SMART COUNSELING: Has Deal on Cash Collateral Access SOLON CORPORATION: Seeks to Extend Plan Exclusivity to Sept. 8 SOLSTICE ADVANCED: S&P Places 'BB+' ICR on CreditWatch Negative SOUTHERN POINTE: Lender Seeks to Prohibit Cash Collateral Access SPOKANE INDUSTRIES: Wins Cash Collateral Extension, $500K DIP Loan STRYKER DEALERSHIP: Case Summary & 17 Unsecured Creditors STUDIO CHIQUE: Unsecureds to Recover 3.28% over 36 Months SUNATION ENERGY: Jane Street Group Holds 5.1% Equity Stake SUNNY LIQUOR: Hires Gleichenhaus Marchese as General Counsel SUNRISE ABA: Seeks Subchapter V Bankruptcy in North Carolina TAQUERIA Y ANTOJITOS: Section 341(a) Meeting Set for July 21 TEGETHOFF DEVELOPMENT: Gets OK to Use Cash Collateral Until Aug. 7 TEHUM CARE: Isaac Lefkowitz Denies Bankruptcy Fraud Allegations THORNCO HOSPITALITY: Case Summary & Three Unsecured Creditors TLC OPERATIONS: Court Extends Cash Collateral Access to Aug. 31 TONOPAH SOLAR: Judge OKs Chapter 11 Wind-Down Plan TPI COMPOSITES: Emerges from Chapter 11 Bankruptcy w/ PE Backing TRACES OF TIGER: Seeks Subchapter V Bankruptcy in Georgia TRICOLOR AUTO: Trustee Cleared to Retain Reid Collins in Chapter 7 TURNER DEVELOPMENT: Taps Coldwell Banker as Real Estate Broker U.S. TELEPACIFIC: Keeps Paying Commissions While Buyer Hunting U.S. TELEPACIFIC: Plan Contemplates Two Scenarios ULTINON MOTION: Seeks to Extend Plan Exclusivity to Sept. 22 UNITED FIBER: Seeks to Tap Traverse as Financial Advisor UNLIMITED DELIVERIES: Plan Exclusivity Period Extended to July 27 UPCYCLE LLC: Seeks Subchapter V Bankruptcy in California UPWARD AG: Seeks Subchapter V Bankruptcy in Nebraska VENETIAN CARE: Committee Taps Troutman Pepper Locke LLP as Counsel W. GATES REAL: Seeks to Hire Benchmark Realty as Real Estate Agent WAIN ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors WARRIOR TECHNOLOGIES: Hires Harney Partners as Financial Advisor WASHINGTON-MCLAUGHLIN: Seeks to Hire Stein Sperling as Counsel WESTSIDE TOW: Has Deal on Cash Collateral Access WESTVIEW BAPTIST: Taps Blue Star Realty as Real Estate Broker WHITE RHINO: Gets OK to Use Cash Collateral Until Aug. 10 WHOLESALE PROPERTY: Seeks to Hire United Real Estate as Realtor WORKFORCE RESOURCE: Seeks Approval to Hire Alvarado Law as Counsel WORMLEY ROOFING: Andrew Layden Named Subchapter V Trustee WRENCHERS LLC: Taps Robert N. Bassel Esq. as Legal Counsel YNEZ SHOPS: Seeks to Extend Plan Exclusivity to Sept. 29 ZYTOUN GOURMET: Hires S. E. Cowen Law as Bankruptcy Counsel [] Bonnie Baker JD Wins Pinnacle Professional Honor in Bankruptcy [] Kelley Drye Names New Partners in Bankruptcy, Litigation, More [] Subchapter V Filings Rose 50% in First Half of 2026 [^] BOOK REVIEW: Bendix-Martin Marietta Takeover War ********* 1415 BENNETT: Seeks to Hire The Messerli Law Firm as Legal Counsel ------------------------------------------------------------------ 1415 Bennett LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ The Messerli Law Firm, PLLC as counsel. The firm will render these services: (a) advise Debtor with respect to its powers and duties in the continued management and operation of its business and property; (b) attend meetings and negotiate with representatives of creditors and other parties in interest and advise and consult on the conduct of this Chapter 11 case; (c) take all necessary action to protect and preserve the Debtor's estate; (d) prepare, on behalf of the Debtor, all necessary legal papers in connection with the administration of its estate; (e) take all appropriate actions in connection with the sale of any or all of the Debtor's assets; (f) appear in the Bankruptcy Court, any appellate courts, and before the U.S. Trustee; and protect the interests of its estate before such courts and the U.S. Trustee; (g) take all necessary actions in connection with any Chapter 11 plan and related disclosure statement and all related documents, and such further actions as may be required in connection with the administration of the Debtor's estate; and (h) perform all other necessary legal services in connection with the prosecution of this Chapter 11 case; provided, however, that to the extent Messerli Law Firm determines that such services fall outside of the scope of services historically or generally performed by the firm as lead debtor's counsel in a bankruptcy case, it will file a supplemental declaration. The firm will be paid at these hourly rates: Matthew Messerli, Principal $500 Paralegals $125 In addition, the firm will seek reimbursement for expenses incurred. Mr. Messerli disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matthew Glenn Messerli, Esq. The Messerli Law Firm, PLLC 99 Trophy Club Drive, Trophy Club, TX 76262 Telephone: (817) 601-5075 Email: mmesserli@themesserlilawfirm.com About 1415 Bennett LLC 1415 Bennett LLC is a single-asset real estate entity associated with 1415 Bennett, a multifamily residential property located in Dallas, Texas. The property provides studio apartment housing and resident services including modern appliances and concierge services. 1415 Bennett LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-31991) on May 4, 2026. In its petition, the Debtor reported up to $10 million in both assets and liabilities. The Debtor is represented by Matthew Glenn Messerli, Esq., at The Messerli Law Firm, PLLC. 22ND CENTURY: Smoker Friendly to End Manufacturing Agreement ------------------------------------------------------------ 22nd Century Group, Inc. announced in a regulatory filing that it received a 180-day termination notice from Smoker Friendly International, LLC in connection with the Master Services Agreement dated January 1, 2025, including all addendums, as amended. Upon the expiration of the 180-day termination period, the Company will no longer manufacture cigarette and cigar products for SF. The termination was submitted pursuant to the termination for convenience clause in the Agreement. The Company stated that it will not incur any early termination penalties. 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. 2315 LOMA VISTA: Taps L.A. Home Appraisal as Real Estate Appraiser ------------------------------------------------------------------ 2315 Loma Vista LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Jeff S. Eum of L.A. Home Appraisal as real estate appraiser. The firm's services include: a. appraising real property of the Debtor located at 2315 Loma Vista Pl., Los Angeles, CA 90039; b. assisting in valuing assets as part of the Debtor's reorganization, for sale or collateral value for the purposes of the Chapter 11 bankruptcy case; and c. appraising the real property for bankruptcy purposes. Mr. Eum will charge a flat fee of $699. Mr. Eum assured the court that he is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Jeffrey S. Eum L.A. Home Appraisal 1243 S Olive St. Los Angeles, CA 90015 Tel: (213) 248-7174 About 2315 Loma Vista LLC 2315 Loma Vista LLC owns a property located at 2315 Loma Vista PL, Los Angeles, CA 90039, with an appraised value of $1.40 million. 2315 Loma Vista LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-13989) on May 13, 2025. In its petition, the Debtor reports total assets of $1,399,000 and total liabilities of $716,656. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtors are represented by Thomas B. Ure, Esq. at URE LAW FIRM. 23ANDME INC: Judge OKs $47MM Data Breach Settlement Deal -------------------------------------------------------- Craig Clough of Law360 Bankruptcy Authority reports that a Missouri bankruptcy court on Tuesday, July 7, 2026, approved a $46.7 million settlement between the 23andMe Chapter 11 plan administration trust and claimants pursuing damages related to the company's data breach. The order resolves one of the largest remaining disputes facing the post-confirmation estate. According to court filings, the settlement follows extensive negotiations aimed at avoiding the cost and uncertainty of continued litigation. The parties argued that the compromise provides meaningful compensation to affected individuals while preserving value for the bankruptcy estate and its creditors. The court's approval allows the trust to proceed with administering the settlement and distributing funds under the agreed terms. The decision also reduces outstanding litigation as the estate continues implementing the confirmed Chapter 11 plan, the report states. About 23andMe Holding Co. 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Morgan, Lewis & Bockius, LLP and Carmody MacDonald, PC serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 2451 BROADWAY: Nat Wasserstein Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 2 appointed Nat Wasserstein, Esq., at Lindenwood Associates, LLC as Subchapter V trustee for 2451 Broadway Market Inc. Mr. Wasserstein will be paid an hourly fee of $530 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Wasserstein declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nat Wasserstein, Esq. Lindenwood Associates, LLC 328 North Broadway, 2nd Floor Upper Nyack, New York 10960 Telephone: (845) 398-9825 Facsimile: (212) 208-4436 Email: nat@lindenwoodassociates.com About 2451 Broadway Market Inc. 2451 Broadway Market Inc., doing business as Barzini's, is a New York City-based gourmet grocery retailer known for its specialty food offerings from its Broadway location in Manhattan. The business remains operational while restructuring under Chapter 11 and has previously been subject to state corrective actions and civil penalties concerning regulatory compliance. 2451 Broadway Market sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11549) on June 29, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $500,000 and $1 million. Honorable Bankruptcy Judge Martin Glenn handles the case. The Debtor is represented by Adrienne Woods, Esq., at Weinberg Zareh Malkin Price, LLP. 3 BROTHERS LAND: Seeks to Hire Cox Law Group as Bankruptcy Counsel ------------------------------------------------------------------ 3 Brothers Land Solutions, Inc., doing business as Hurst Landworks, seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to employ Cox Law Group PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties in the continued management and operation of the assets of its estate; (b) advise and consult the conduct of the case; (c) attend meetings and negotiate with representatives of the Debtor's creditors and other parties in interest; (d) take all necessary action to protect and preserve the Debtor's estates; (e) prepare all pleadings necessary or otherwise beneficial to the administration of its estate; (f) advise the Debtor in connection with any potential sale of assets; (g) appear before the Court to represent the interests of the Debtor's estate before the Court; (h) take any necessary action on behalf of the Debtor to negotiate, prepare on its behalf, and obtain approval of Chapter 11 plan and documents related thereto; and (i) perform all other necessary or otherwise beneficial legal services to the Debtor in connection with prosecution of this case. The firm's counsel and staff will be paid at these hourly rates: H. David Cox, Attorney $500 Other Attorneys $350 Paralegals $125 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of this case, Mr. Hurst advanced $35,000 to the Debtor to fund, in part, the retainer in this matter. Mr. Cox disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: H. David Cox, Esq. Cox Law Group, PLLC 900 Lakeside Drive Lynchburg, VA 24501 Telephone: (434) 845-2600 Facsimile: (434) 845-0727 About 3 Brothers Land Solutions Inc. 3 Brothers Land Solutions, Inc. provides land-clearing and vegetation-management services for construction projects, utilities, and infrastructure throughout Virginia. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case no. 26-60743) on June 5, 2026. In the petition signed by William Hurst, treasurer, the Debtor disclosed up to $10 million in both assets and liabilities. David Cox, Esq., at Cox Law Group represents the Debtor as counsel. 30 EAST 40TH: Seeks to Retain Walter & Samuels as Property Manager ------------------------------------------------------------------ 30 East 40th, L.L.C. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to retain Walter & Samuels, Inc. as property manager to conduct the management and sale of the Debtor's real property located at 30 East 40th Street, New York, New York. The firm will provide these services: (a) serve as exclusive renting and management agent of the Property; (b) manage the Property; (c) supervise on-site personnel; (d) collect rents and other sums from subtenants; (e) engage vendors; and (f) cooperate with the broker engaged by the Chief Restructuring Officer in connection with marketing and sale activities. Walter & Samuels will be compensated on a monthly basis equal to 5% of gross amounts actually collected from subtenants and other occupants of the Property during each month. The firm will also be entitled to customary fees for labor and tax-related services on a per-employee basis, as well as a sale-completion fee equal to 0.4% of gross sale proceeds, payable at the closing of the sale of the Property. Walter & Samuels asserts that the firm is a "disinterested person," as that term is defined in the U.S. Bankruptcy Code. The firm can be reached at: Walter & Samuels, Inc. 419 Park Avenue South, 15th Floor New York, NY 10016 Telephone: (212) 685-6200 E-mail: inquiry@walter-samuels.com About 30 East 40th, L.L.C. 30 East 40th L.L.C. is a single asset real estate company. 30 East 40th L.L.C. filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12696) on Dec. 2, 2025. In its petition, the Debtor listed assets between $10 million and $50 million and liabilities in the same range. Bankruptcy Judge Michael E. Wiles handles the case. The Debtor is represented by Mark A. Frankel, Esq. of Backenroth Frankel & Krinsky, LLP. 30 EAST 40TH: Taps Rosenberg & Estis as Real Estate Counsel ----------------------------------------------------------- 30 East 40th, L.L.C. seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Rosenberg & Estis, P.C. as special real estate counsel. The firm will provide these services: (a) real estate and zoning advice; (b) preparing relevant documentation; (c) closing; and (d) other matters related to the marketing, sale, and closing of the Debtor's real property and any appurtenances located at 30 East 40th Street, New York, New York 10016. Subject to Court approval, the firm will be compensated on an hourly basis plus reimbursement of actual, necessary expenses incurred. Hourly rates range from $425 to $1,310 for members and counsel, $295 to $600 for associates, and $250 to $310 for paralegals, law clerks, and staff. The attorneys leading the representation are Andrew Gottesman ($790/hour), Steven Lutt ($790/hour), and David Rosenberg ($690/hour). Rosenberg & Estis, P.C. 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 estate, according to court filings. The firm can be reached at: Andrew R. Gottesman, Esq. ROSENBERG & ESTIS, P.C. 11 Grand Central East (f/k/a 733 Third Avenue) New York, NY 10017 Telephone: (212) 867-8000 Facsimile: (212) 551-8484 Direct: (212) 551-2070 E-mail: agottesman@rosenbergestis.com About 30 East 40th, L.L.C. 30 East 40th L.L.C. is a single asset real estate company. 30 East 40th L.L.C. filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-12696) on Dec. 2, 2025. In its petition, the Debtor listed assets between $10 million and $50 million and liabilities in the same range. Bankruptcy Judge Michael E. Wiles handles the case. The Debtor is represented by Mark A. Frankel, Esq. of Backenroth Frankel & Krinsky, LLP. 4 OEM PLASTICS: Seeks to Hire Marshall & Stevens as Appraisers -------------------------------------------------------------- 4 OEM Plastics LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Marshall & Stevens as appraisers, effective June 26, 2026. The firm will provide these services: (a) prepare an opinion of the company's enterprise value and equity value; (b) prepare a separate opinion of value for the company's machinery and equipment assets, if requested; and (c) provide expert testimony related to these appraisals, if necessary. Marshall & Stevens will receive a flat fee of $23,500 for the Business Appraisal and $7,500 for the Machinery & Equipment Appraisal. These fees include preparation of the appraisal reports, travel and lodging expenses, and expert testimony related to the appraisal reports. For services beyond the appraisals, the firm's standard hourly rates are $525-595 for Partner/Principal, $340-530 for Manager, $295-335 for Consultant, and $175-280 for Staff. According to court filings, Marshall & Stevens neither holds nor represents a disqualifying interest adverse to the estate and is a "disinterested person" within the meaning of the Bankruptcy Code. The firm can be reached at: David R. Payne, CIRA, ASA, CDBV, ABV, CPA MARSHALL & STEVENS 119 N. Robinson Ave, Suite 1250 Oklahoma City, OK 73102 Telephone: (405) 272-0511 E-mail: drpayne@drpayne.com About 4OEM Plastics LLC 4OEM Plastics, LLC is a plastics manufacturer established in 2020 and based in San Antonio, Texas. The company produces plastic corrugated tubing, extruded smooth-wall tubing and profiles, and wiring protection system products including manifolds, interfaces, backshells, cable channels, and cable ducts. Its products are used in markets including automotive, commercial vehicle, marine, rail, automation, medical, industrial, electrical, wind, and distribution applications. The company also plans to add custom injection molding capabilities for injection molded products in late 2026. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-33394) on May 13, 2026, with $1,050,634 in assets and $5,445,997 in liabilities as of May 11, 2026. Rajiv Iyengar, chief executive officer, signed the petition. Judge Eduardo V. Rodriguez presides over the case. J. Maxwell Beatty, Esq., at Shannon Lee Beatty, LLP represents the Debtor as legal counsel. 4210 W CARMEN: Seeks to Hire Comer Law Firm as Bankruptcy Counsel ----------------------------------------------------------------- 4210 W Carmen St, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Comer Law Firm as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm's hourly rates are as follows: Kevin Comer, Attorney $375 Paralegal $125 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of this case, the Debtor paid the filing fee of $1,738. Mr. Comer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin Comer, Esq. Comer Law Firm 2315 1/2 2nd Avenue North St. Petersburg, FL 33713 Telephone: (727) 729-2719 Email: kevin@comer.work About 4210 W Carmen St LLC 4210 W Carmen St, LLC is a real estate holding company involved in property ownership and investment activities. 4210 W Carmen St, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04291) on May 20, 2026. In its petition, the Debtor reported up to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Kevin Comer, Esq., at Comer Law Firm. 4311 FIG STREET: Seeks to Tap Comer Law Firm as General Counsel --------------------------------------------------------------- 4311 Fig Street LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Comer Law Firm as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; (c) prepare legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will be paid at these hourly rates: Kevin Comer, Attorney $375 Paralegal $125 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of this case, the Debtor paid the filing fee of $1,738. Mr. Comer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin Comer, Esq. Comer Law Firm 2315 1/2 2nd Avenue North St. Petersburg, FL 33713 Telephone: (727) 729-2719 Email: kevin@comer.work About 4311 Fig Street LLC 4311 Fig Street LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04346) on May 21, 2026. In its petition, the Debtor reported up to $10 million in assets and up to $1 million in liabilities. Honorable Bankruptcy Judge Roberta A. Colton handles the case. The Debtor is represented by Kevin Comer, Esq., at Comer Law Firm. 57 CONCRETE: Employs Parkins & Rubio as General Bankruptcy Counsel ------------------------------------------------------------------ 57 Concrete LLC, 57 RGV Machinery LLC, 57 Logistics LLC, and 57 Fuels LLC seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Parkins & Rubio LLP as general bankruptcy counsel. The firm will provide these services: (a) serve as general bankruptcy counsel to the Additional Debtors in connection with these chapter 11 cases; (b) provide services consistent with the scope of services authorized under the Original Retention Order; (c) take all necessary and appropriate actions to assist in the administration of the Additional Debtors' chapter 11 estates; (d) assist in the prosecution of a chapter 11 plan; and (e) represent the Additional Debtors as general bankruptcy counsel, while matters requiring independent conflicts counsel will be handled by Conflicts Counsel. Parkins & Rubio LLP will apply for compensation and reimbursement of expenses in accordance with the Bankruptcy Code and applicable court rules. The firm's approved hourly rates are: Lenard M. Parkins $1,300 Charles M. Rubio $850 Associate Attorneys $500 Paralegals $250 Parkins & Rubio LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Charles M. Rubio PARKINS & RUBIO LLP 708 Main Street, Floor 10 Houston, TX 77002 About 57 Concrete LLC 57 Concrete LLC is a Texas-based concrete contracting company that provides concrete construction services for residential, commercial, and infrastructure projects. The company's operations typically include concrete pouring, finishing, and related site work for building and development projects across the region. 57 Concrete sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90818) on Dec. 19, 2025. In its petition, the Debtor reported assets ranging from $10 million to $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher M. Lopez presides over the case. The Debtor is represented by Charles Michael Rubio, Esq., and Lenard M. Parkins, Esq., at Parkins & Rubio, LLP. On January 26, 2026, the United States Trustee for the Southern District of Texas appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Grable Martin PLLC as its counsel. 57 CONCRETE: Seeks to Hire The Fishel Law Group as Counsel ---------------------------------------------------------- 57 Concrete LLC and itd affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Michael Fishel, Esq. of The Fishel Law Group to serve as independent bankruptcy conflicts counsel. The firm will provide these services: (a) advise on matters concerning intercompany agreements and executory contracts between 57 Concrete LLC and the Companies; (b) advise on the proposed assumption, rejection, or modification of intercompany agreements, including the Equipment Supply and Production-Based Use Agreement among 57 Concrete LLC and 57 RGV Machinery LLC; (c) advise on cure claims and cure amounts arising from assumed executory contracts; (d) advise on the treatment of intercompany claims, obligations, and accounts in any chapter 11 plan or otherwise; (e) review plan provisions affecting the Companies, including settlements, releases, and distributions; (f) advise on restructuring transactions among the affiliated Debtor entities, including transfers of assets, equipment ownership, equipment leasing arrangements, and intercompany financing obligations; (g) evaluate the fairness to the Companies of any proposed transaction, settlement, or arrangement involving 57 Concrete LLC and one or more of the Companies; and (h) evaluate avoidance actions, preference claims, fraudulent transfer issues, and other estate causes of action to the extent necessary to provide independent advice to the Companies. Michael Fishel will receive an hourly rate of $950. The Fishel Law Group does not hold or represent any interest adverse to the Debtors or their estates with respect to the Conflict Matters and is "disinterested" as that term is defined in the Bankruptcy Code, according to court filings. The firm can be reached at: Michael Fishel, Esq. THE FISHEL LAW GROUP 602 Sawyer, Suite 400 Houston, TX 77007 About 57 Concrete LLC 57 Concrete LLC is a Texas-based concrete contracting company that provides concrete construction services for residential, commercial, and infrastructure projects. The company's operations typically include concrete pouring, finishing, and related site work for building and development projects across the region. 57 Concrete sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90818) on Dec. 19, 2025. In its petition, the Debtor reported assets ranging from $10 million to $50 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Christopher M. Lopez presides over the case. The Debtor is represented by Charles Michael Rubio, Esq., and Lenard M. Parkins, Esq., at Parkins & Rubio, LLP. On January 26, 2026, the United States Trustee for the Southern District of Texas appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Grable Martin PLLC as its counsel. 581 105TH AVENUE: Hires Trustee Realty Inc. as Real Estate Agent ---------------------------------------------------------------- 581 105th Avenue North, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Trustee Realty Inc. as real estate agent. The firm will market and sell the Debtor's property located at 581 105th Avenue North, Bays 37, 38, 39, and 40, Royal Palm Beach, FL 33411. The professional services to be rendered are as follows: a. analyze and determine the market value of the property; b. advertise and show the property to potential buyers; and c. sell and close on the property. Jason A. Welt, an agent with Trustee Realty Inc., assured the court that his firm is a "disinterested person" as required by 11 U.S.C. Sec. 327(a). The firm can be reached through: Jason A. Welt Trustee Realty Inc. 401 East Las Olas Blvd., Suite 1400 Ft. Lauderdale, FL 33301 Phone: (954) 803-0790 About 581 105th Avenue North, LLC 581 105th Avenue North, LLC is a real estate holding company engaged in the ownership, management, and operation of property assets and related investments. 581 105th Avenue North, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17583) on June 10, 2026. In its petition, the Debtor reported estimated assets of $1 million-$10 million and estimated liabilities of $1 million-$10 million. Honorable Bankruptcy Judge Erik P. Kimball handles the case. The Debtor is represented by Jordan L. Rappaport, Esq. 60 WALTER: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------- On July 6, 2026, 60 Walter Jones Blvd., LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in liabilities and 1-49 creditors. A meeting of creditors under Section 341(a) set for August 10, 2026 at 01:00 PM via Via Phone: (888)330-1716; Code: 222678. The Chapter 11 plan and disclosure statement must be filed by November 3, 2026. About 60 Walter Jones Blvd., LLC 60 Walter Jones Blvd., LLC is an El Paso, Texas-based commercial real estate company engaged in the leasing of nonresidential buildings. According to bankruptcy filings, the company operates as a single asset real estate entity. Recent property records associate the company with a 94,516-square-foot industrial facility currently under development and projected for completion in July 2027. Historically, the property was the site of the Austin-Bergstrom International Airport South Terminal, which was involved in an $88 million eminent domain settlement in 2023. 60 Walter Jones Blvd., LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30942) on July 6, 2026. In its petition, the Debtor reported estimated assets between $0 and $50,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Christopher G. Bradley handles the case. The Debtor is represented by Stephen W. Sather, Esq., of Barron & Newburger, P.C. 609 5TH AVE: Commences Chapter 11 Bankruptcy in New York -------------------------------------------------------- On June 15, 2026, 609 5th Ave Owner LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the debtor reports between $50 million and $100 million in liabilities, between $100 million and $500 million in assets, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 24, 2026 at 12:00 PM at Zoom.us - USTrustee 10: Meeting ID 161 1310 5467, Passcode 8815187370, Phone 1 (202) 796-9384. About 609 5th Ave Owner LLC 609 5th Ave Owner LLC is a commercial real estate entity that owns and manages the office condominium portion of 609 Fifth Avenue in New York City. The company acquired the 132,542-square-foot property interest for $101 million in June 2022 and has pursued plans to redevelop the site into a 31-story mixed-use property featuring approximately 66 to 76 luxury residential units designed by Rafael Viñoly Architects. 609 5th Ave Owner LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11420) on June 15, 2026. In its petition, the debtor reported estimated assets of $100 million to $500 million and estimated liabilities of $50 million to $100 million. The Honorable Philip Bentley handles the case. The debtor is represented by Philippe Zimmerman, Esq., of Greenspoon Marder LLP. 7&7 PROPERTY: Seeks Chapter 11 Bankruptcy in Georgia ---------------------------------------------------- On July 7, 2026, 7&7 Property Advisors LLC filed for Chapter 11 protection in the Northern District of Georgia. According to court filings, the Debtor reports estimated assets and liabilities between $500,000 and $1 million, with fewer than 50 creditors. A meeting of creditors under Section 341(a) to be held on August 7, 2026 at 10:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. About 7&7 Property Advisors LLC 7&7 Property Advisors LLC is a Roswell, Georgia-based real estate property management and advisory services company. The firm operates in the real estate sector, providing property management and advisory services focused on residential assets, including a property located at 8320 Sentinae Chase Dr. in Roswell, Georgia. 7&7 Property Advisors LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-58792) on July 7, 2026. In its petition, the Debtor reported estimated assets and estimated liabilities ranging from $500,000 to $1 million. Honorable Bankruptcy Judge Jonathan W. Jordan handles the case. 801 RESTAURANT: Committee Taps Sandberg Phoenix as Legal Counsel ---------------------------------------------------------------- The official committee of unsecured creditors of 801 Restaurant Group, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to hire Sandberg Phoenix & von Gontard P.C. as its counsel. The firm's services include: (a) advising the Committee with respect to its rights, powers, and duties under section 1103 of the Bankruptcy Code in connection with this case; (b) assisting and advising the Committee in its consultations with the Debtor relating to the administration of this case; (c) assisting the Committee in analyzing the claims of the Debtor's creditors and the Debtor's capital structure, and in negotiating with holders of claims and equity interests; (d) assisting the Committee in its investigation of the acts, conduct, assets, liabilities, and financial condition of the Debtor and of the operation of the Debtor's business; (e) assisting the Committee in its analysis of and negotiations with the Debtor or any third-party concerning matters related to, among other things, the assumption or rejection of leases of nonresidential real property and executory contracts, asset dispositions, financing transactions, and the terms of any plan of reorganization or liquidation; (f) assisting and advising the Committee with respect to its communications with the general creditor body regarding significant matters in this case; (g) representing the Committee at all hearings and other proceedings before this Court; (h) reviewing, analyzing, and responding to all applications, motions, orders, statements of operations, and schedules filed with the Court; and (i) performing all other necessary legal services in connection with this Chapter 11 case as may be requested by the Committee. Sandberg Phoenix & von Gontard P.C. is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Sharon L. Stolte, Esq. Sandberg Phoenix & von Gontard P.C. 4600 Madison Avenue, Suite 1000 Kansas City, MO 64112 Phone: (816) 627-5543 Email: sstolte@sandbergphoenix.com About 801 Restaurant Group, LLC 801 Restaurant Group, LLC, based in Overland Park, Kansas, is a privately held restaurant operator founded in 1993 that develops and manages dining concepts including steakhouses and seafood restaurants. The company operates restaurant brands including 801 Chophouse, 801 Fish, and Pig & Finch, serving individual and corporate customers across the Midwest and other U.S. markets. 801 Restaurant Group, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kansas Case No. 26-20549) on April 10, 2026, listing $10 million to $50 million in both assets and liabilities. The petition was signed by James P. Lynch, III as manager. Judge Robert D Berger presides over the case. Frank Wendt, Esq. at BROWN & RUPRECHT, PC serves as the Debtor's counsel. 948-52 W. WEBSTER: Taps At World Properties as Real Estate Broker ----------------------------------------------------------------- 948-52 W. Webster, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to hire Ian Feinerman and Michael Weber of At World Properties, LLC d/b/a @PROPERTIES to serve as real estate brokers. The firm will provide these services: (a) list, market and sell the real property located at 948-52 W. Webster St., Chicago, IL 60614; (b) continue listing and showing the property on the open real estate market; (c) use commercially reasonable efforts to secure ready, willing and able buyers at the highest price and the best terms the market will allow; (d) advertise the property through brochures, print advertisements, signage, multiple listing services, internet marketing and other advertising media; (e) prepare a marketing budget for the owner's approval; (f) show the property to interested prospective purchasers; (g) publish the property in the MLS (MRED), LoopNet and Costar; (h) accept delivery of and present offers and counteroffers; (i) assist in developing, communicating, negotiating and presenting offers, counteroffers and notices relating to the sale until a purchase agreement is signed and contingencies are satisfied or waived; and (j) answer questions relating to offers, counteroffers, notices and contingencies. The firm will receive a standard commission of between 3.5% and 4.5%, depending on whether the real property is sold with a co-op broker, subject to Court approval. The firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(13), according to court filings. The firm can be reached at: Ian Feinerman Michael Weber AT WORLD PROPERTIES, LLC d/b/a @PROPERTIES 806 N Peoria St Chicago, IL 60642-5438 About 948-52 W. Webster, LLC 948-52 W. Webster, LLC is a limited liability company that owns and manages real estate assets. 948-52 W. Webster, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10520) on June 23, 2026. In its petition, the debtor reported estimated assets and estimated liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge Deborah L. Thorne handles the case. The debtor is represented by E. Philip Groben III of Gensburg Calandriello & Kanter, P.C. A & A BODY WORKS: Court Extends Cash Collateral Access to Aug. 8 ---------------------------------------------------------------- A & A Body Works On Grand, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The court entered a fifth interim order authorizing the Debtor to use cash collateral through August 8 in accordance with its budget, with up to a 10% variance. As adequate protection, lien claimants including ECapital Loan Fund III, LP and the Illinois Department of Revenue will receive replacement liens on the Debtor's post-petition assets with the same priority as their pre-petition liens. ECapital will also receive a $5,000 payment by July 15. Additional safeguards include inspection rights, mandatory insurance coverage, and maintenance of collateral. A continued hearing is scheduled for August 4. The order is available at https://shorturl.at/ABzdJ About A & A Body Works On Grand Inc. A & A Body Works On Grand, Inc. provides automotive body repair and collision repair services, including bumper repair and replacement, windshield and window replacement, dent and scratch repair, mirror replacement, frame straightening, suspension repairs, mechanical repairs, and automotive painting with paint matching. It operates auto body repair facilities in the Chicago metropolitan area, serving vehicle owners requiring collision, structural, and cosmetic vehicle repairs. A & A Body Works On Grand sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03824) on March 3, 2026, with $1 million to $10 million in both assets and liabilities. Angelo Resendez Jr., president, signed the petition. Judge Deborah L. Thorne oversees the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. A BEAUTIFUL LIVING: Taps Cairncross & Hempelmann as Legal Counsel ----------------------------------------------------------------- A Beautiful Living Adult Family Home, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Cairncross & Hempelmann, P.S. as legal counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Steven M. Palmer, an attorney and shareholder of Cairncross, will charge $650 per hour, associates will charge $415 per hour, and paralegals will charge $275 per hour for services rendered. The firm received a retainer in the amount of $20,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Palmer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Steven M. Palmer, Esq. Cairncross & Hempelmann, P.S. 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 E-mail: spalmer@cairncross.com About A Beautiful Living Adult Family Home, LLC A Beautiful Living Adult Family Home, LLC is a Lynnwood, Washington-based senior residential care provider that operates adult family homes offering assisted living, dementia and mental-health care, medication management, daily-living assistance and related services for elderly residents. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W. D. Wash. Case No. 26-11896) on June 9, 2026. In the petition signed by Virginia C. Yanos, owner, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Timothy W. Dore oversees the case. Steven M. Palmer, Esq., at CAIRNCROSS & HEMPELMANN, P.S., represents the Debtor as legal counsel. A&A DEMO: Plan Exclusivity Period Extended to Sept. 18 ------------------------------------------------------ Judge Douglas L. Lutz of the U.S. Bankruptcy Court for the Eastern District of Kentucky extended A&A Demo & Excavating, Inc.'s exclusive period to file a disclosure statement and plan of reorganization to Sept. 18, 2026. As shared by Troubled Company Reporter, the Debtor explains that the company has begun its review of the claims register and believes it would be aided by additional time to formulate a plan. Specifically, the Debtor will be amended several Form 941 payroll tax returns and believes will reduce the amount of the Internal Revenue Service's Claim. The Debtor claims that it has generally paid its post-petition obligations timely as they come due, including post-petition tax obligations and adequate protection payments. The Debtor has filed its monthly operating reports timely. The Debtor asserts that it is not seeking the extension as a tactical maneuver, to delay administration of the case, or to pressure creditors to accept an unfair result. The Debtor has worked to stabilize its workflow early in the case and believes it is on a track for growth of the core of its enterprise. The Debtor is working in good faith towards presenting a viable plan, and believes it will be able to do so with the aid of additional time. The Debtor further asserts that no party in interest will be unfairly prejudiced by the requested additional time. About A&A Demo & Excavating A&A Demo & Excavating, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 26-20194) with $1 million to $10 million in both assets and liabilities. Judge Hon. Douglas L. Lutz oversees the case. The Debtor is represented by; Michael B. Baker, Esq. The Baker Firm, PLLC Tel: 859-647-7777 Email: mbaker@bakerlawky.com A&C AUTOWORKS: Seeks Approval to Hire Hoffman CPA as Accountant --------------------------------------------------------------- A&C Autoworks Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Hoffman CPA LLC to serve as accountant. The firm will provide these services: (a) assist with monthly accounting and reporting matters; and (b) prepare the 2025 tax return. David J. Hoffman will charge an hourly rate of $300. The firm will also charge a flat fee of $2,500 to prepare the 2025 tax return and bill hourly for assistance with monthly accounting and reporting. All compensation is subject to court approval. Except for its prepetition claim of $2,275, Hoffman CPA LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: David J. Hoffman, CPA HOFFMAN CPA LLC PO Box 740039 Arvada, CO 80006 Telephone: (303) 593-2860 E-mail: David@CPAHoffman.com Website: cpa-hoffman.com About A&C Autoworks Inc. A & C Autoworks is a family-owned and operated auto repair shop based in Thornton, Colorado. The company provides vehicle repair and maintenance services including oil changes, alignments, tune-ups, diagnostics, brake service, engine and transmission repair, suspension and steering service, A/C system service, tire service, and fleet maintenance. It services domestic and foreign vehicles, including cars, trucks, SUVs, commercial and light-duty truck fleets, and has a Subaru specialist on staff. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-14422) on June 18, 2026, with $1,290,614 in assets and $2,358,144 in liabilities. Malcom Garrison, president and director, signed the petition. Judge Michael E. Romero presides over the case. Andrew Johnson, Esq., at Onsager, Fletcher, Johnson & Palmer, LLC represents the Debtor as legal counsel. ABRAHAM EYE: Section 341(a) Meeting of Creditors on July 27 ----------------------------------------------------------- On June 16, 2026, Abraham Eye Associates, LLC, a Villanova, Pennsylvania-based optometry and eye care provider, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. According to court filings, the debtor reports between $1 million and $10 million in liabilities, including more than $1.1 million in unsecured claims, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 27, 2026 at 02:00 PM at Zoom.us - McCollum: Meeting ID 161 1489 1038, Passcode 9343375369, Phone 1 (646) 828-7666. About Abraham Eye Associates, LLC Abraham Eye Associates, LLC, doing business as Aegis Eyecare, provides eye care services from locations in Villanova and Newtown Square, Pennsylvania. Founded by Dr. Mark J. Abraham in 2014, the practice offers eye exams, contact lens services, myopia management, emergency eye care, dry eye treatment, eye disease management, aesthetic services, and eyewear. Its disease management services include care for conditions such as glaucoma, cataracts, diabetic retinopathy, keratoconus, binocular vision dysfunction, low vision, and computer vision syndrome. Abraham Eye Associates, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12591) on June 16, 2026. In its petition, the debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Honorable Patricia M. Mayer handles the case. The debtor is represented by David B. Smith, Esq., of Smith Kane Holman, LLC. ACADEMY OF VOLLEYBALL: Hires Pillsbury & Coleman as Counsel ----------------------------------------------------------- Academy of Volleyball, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Pillsbury & Coleman LLP as Insurance Counsel. The firm will provide these services: (a) represent the company with respect to its insurance claim made to Accredited Surety & Casualty Company, Inc.; (b) seek reversal of Accredited's denial of coverage for the company's defense in the lawsuit Jane Doe v. Sequoia Union High School District, et al.; (c) represent the company in the Insurance Claim Matter for the duration of the Chapter 11 case; and (d) provide legal services relating to the Insurance Claim Matter, excluding general bankruptcy representation unless further authorized by the Court. Pillsbury & Coleman LLP requests a $10,000 retainer, to be paid within seven days after entry of the order approving its employment. The firm's hourly rates range from $575 to $775 for attorneys, while paralegals bill at $225. According to court filings, Pillsbury & Coleman LLP does not represent or hold an interest adverse to the estate with respect to the matter for which it is being retained. The firm can be reached at: Ryan H. Opgenorth, Partner PILLSBURY & COLEMAN LLP 100 Green Street San Francisco, CA 94111 Telephone: (415) 433-8000 Facsimile: (415) 433-4816 About Academy of Volleyball Inc. Academy of Volleyball, Inc. provides youth and junior volleyball training and competitive programs from its headquarters in West Redwood City, California, with additional facilities in North Burlingame. The club offers girls and boys teams, summer and winter camps, clinics, private lessons, beach volleyball programs, and college recruiting resources, serving athletes typically aged 10 through 18. The club's programs help athletes build technical skills, develop mental toughness, and learn teamwork and composure in a competitive, team-driven environment. Facilities include multiple courts, a performance lab, and year-round practice spaces designed to support skill advancement and athlete performance. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30265) on March 26, 2026. In the petition signed by Daniele Desiderio, CEO, the Debtor disclosed $427,076 in total assets and $3,000,664 in total liabilities. Judge Hannah L. Blumentstiel oversees the case. Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger, represents the Debtor as bankruptcy counsel. ADDISON DENTAL: Seeks Chapter 11 Bankruptcy Amid Revenue Dip ------------------------------------------------------------ On June 16, 2026, Addison Dental Associates, P.C. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to the court filing, the Debtor reports between $1 million and $10 million in liabilities and 1-49 creditors. A meeting of creditors under Section 341(a) to be held on July 7, 2026 at 11:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. About Addison Dental Associates, P.C. Addison Dental Associates, P.C. is a Smyrna, Georgia-based dental practice specializing in general dental and oral healthcare services. According to the bankruptcy filing, the practice continues to operate as a debtor-in-possession while maintaining its clinical facility in Atlanta during its financial restructuring. Addison Dental Associates, P.C. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-57885) on June 16, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Sims W. Gordon, Jr., Esq., of The Gordon Law Firm P.C. John T. Whaley is appointed as Subchapter V Trustee. AFC ACQUISITION: Seeks Cash Collateral Access Thru Dec 31 --------------------------------------------------------- AFC Acquisition Corporation asks the U.S. Bankruptcy Court for the District of New Mexico for authority to use cash collateral and provide adequate protection. The Debtor previously held authority to use cash collateral through June 30, 2026. Because of major recent shifts in its business—including the closure of its Comanche location—compiling an updated budget took longer than anticipated. The newly prepared budget reveals operational cash shortfalls that require outside funding. Despite aggressive post-petition marketing efforts, the Debtor has been entirely unsuccessful in securing standard Debtor-in-Possession financing. To bridge this financial gap and prevent an immediate cessation of operations, the Debtor's CEO, Kenton Van Harten, has agreed to personally lend the necessary working capital to the company, which will be treated as an administrative expense under a separately filed debt-incurrence motion. The Debtor requests the entry of an order authorizing the use of cash collateral through December 31, 2026, in accordance with an updated interim budget, alongside an immediate emergency extension of its existing cash collateral authority until a formal court hearing can be held. There are two specific non-insider secured creditors who assert legal claims over the Debtor's cash collateral. The Small Business Administration is owed approximately $1.912 million stemming from an Economic Injury Disaster Loan, secured by a UCC-1 financing statement filed on April 13, 2021, covering accounts and deposit accounts. BOKF, N.A., doing business as Bank of Albuquerque, is owed approximately $120,000.00 under a 2018 business loan agreement and promissory note; while BOKF's primary mortgage is on a property the Debtor does not actually own, the bank holds a perfected security interest in the corporate bank accounts maintained at its institution. The Debtor emphasizes that immediate access to cash collateral is absolutely crucial to maintain business relationships, sustain vendor and customer confidence, fulfill ongoing payroll obligations, and preserve employee morale. Denying this relief would force an immediate, disorderly shutdown of the business, which would strip the estate of its going-concern value and destroy any opportunity to conduct a value-maximizing asset sale or propose a standalone reorganization plan. To address the concerns of the secured lenders, the motion outlines a comprehensive adequate protection package. The SBA will receive ongoing monthly payments of $9,580, while BOKF will be protected by the Debtor maintaining its accounts at the bank and continuing to make monthly promissory note payments of $1,516. In addition to these direct cash payments, the proposed order grants the cash collateral creditors replacement adequate protection liens on all existing and after-acquired property that was subject to their prepetition security interests, including all subsequent proceeds, rents, and income. These replacement liens will automatically perfect upon the petition date without requiring the execution of new security agreements or financing statements, and they are explicitly designed to insulate the lenders against any potential diminution in value of their collateral caused by the Debtor's continued operations. A copy of the motion is available at https://urlcurt.com/u?l=rrM4Jp from PacerMonitor.com. About AFC Acquisition Corporation, a Delaware Corporation AFC Acquisition Corporation, a Delaware Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.M. Case No. 26-10283) with $1 million to $10 million in both assets and laibilities. The petition was signed by Kenton Van Harten as CEO. Judge Hon. Robert H Jacobvitz oversees the case. The Debtor is represented by: Christopher M Gatton Gatton & Associates, P.C. Tel: 505-271-1053 Email: chris@gattonlaw.com AGA REAL ESTATE: Hires James Chubb CPA as Accountant ---------------------------------------------------- AGA Real Estate Security, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ James Chubb, CPA, as its accountant. The professional services include preparing and finalizing the Debtor's federal and state income tax returns for 2025, preparing financial statements, preparing the Debtor's monthly operating reports, and providing general bookkeeping and any other accounting services necessary and beneficial to the estate. The accountant will undertake this engagement at the rate of $75 per hour. Mr. Chubb assured the court that he is a disinterested person within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: James Chubb, CPA 5460 Mill Race Way Commerce Township, MI 48382 Telephone: (248) 943-2502 About AGA Real Estate Security LLC AGA Real Estate Security, LLC is a real estate-focused entity engaged in property investment, asset management, and related financial services. AGA Real Estate Security, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-10552) on April 5, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Paul Baisier handles the case. The Debtor is represented by Brad Fallon, Esq., at Fallon Law PC. AGA REAL ESTATE: Taps Hire Martin DeMelfi LLC as Special Counsel ---------------------------------------------------------------- AGA Real Estate Security, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Frank DeMelfi, Esq. of Martin | DeMelfi, LLC to serve as special counsel. The firm will provide these services: (a) review, explain, and advise concerning the Debtor's prepetition loan documents, collateral documents, title matters, payoff requirements, lender communications, and related transaction history; (b) communicate and negotiate with the Debtor's secured lenders and potential refinancing sources concerning the commercial terms of a refinancing, payoff, release, settlement, or other transaction involving the Debtor's secured indebtedness; (c) prepare, review, and negotiate transactional documents necessary to document any refinancing, payoff, release, settlement, or related non-bankruptcy transaction; and (d) assist bankruptcy counsel with factual and transactional background concerning the loan documents, lender relationships, collateral, and refinancing efforts. Mr. DeMelfi will receive an hourly rate of $450, associates $275, paralegals $100, and law clerks $50. Martin | DeMelfi, LLC is "disinterested" within the meaning of 11 U.S.C. Sec. 101(14) and does not hold or represent any interest adverse to the estate with respect to the matters for which it is proposed to be employed, according to court filings. The firm can be reached at: Frank DeMelfi, Esq. MARTIN | DEMELFI, LLC 7000 Peachtree Dunwoody Road Building 1, Suite 202 Atlanta, GA 30328 Telephone: (770) 450-6155 E-mail: fdemelfi@martin-demelfi.com About AGA Real Estate Security LLC AGA Real Estate Security, LLC is a real estate-focused entity engaged in property investment, asset management, and related financial services. AGA Real Estate Security, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-10552) on April 5, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Paul Baisier handles the case. The Debtor is represented by Brad Fallon, Esq., at Fallon Law PC. ALBRITTON FARMS: Hires Coldwell Banker as Real Estate Broker ------------------------------------------------------------ Albritton Farms Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Alabama to hire Coldwell Banker Commercial Realty d/b/a Rockwell Commercial Group as real estate brokers. The Debtor needs the Broker to list and market its real estate located in Webb, Alabama. The firm will receive a commission equal to 3% of the selling price. As disclosed in the court filings, Coldwell Banker Commercial Realty has no interest adverse to the estate and is a disinterested person. The firm can be reached through: Kelli Cundith Coldwell Banker Commercial Realty d/b/a Rockwell Commercial Group 410 N. Shady Lane Dothan, AL 36303 Telephone: (334) 793-6600 Email: kellicundith.realtor@gmail.com About Albritton Farms Inc. Albritton Farms Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-10439) on April 16, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Christopher L Hawkins presides over the case. Anthony B. Bush, Esq. at The Bush Law Firm, LLC serves as the Debtor's counsel. ALGORHYTHM HOLDINGS: Exchanges $3.5MM Debt for Preferred Shares --------------------------------------------------------------- Algorhythm Holdings, Inc. announced in a regulatory filing that it entered into an exchange agreement with Streeterville Capital, LLC, a Utah limited liability company, pursuant to which the Company and Streeterville agreed to partition a new Pre-Paid Purchase in the original principal amount of $3,500,000 from Secured Pre-Paid Purchase #4 and reduce the outstanding balance of Secured Pre-Paid Purchase #4 by an amount equal to the Partitioned Amount. The parties then exchanged the resulting Partitioned Pre-Paid Purchase for 3,500 shares of the Company's newly created Series A Preferred Stock, par value $1.00 per share. Immediately following cancellation of the Partitioned Amount, the outstanding balance of Secured Pre-Paid Purchase #4 was $7,202,371.69. In connection with the issuance of the Exchange Shares, the Company filed the Certificate of Designation of Preferences and Rights of Series A Preferred Stock with the Secretary of State of the State of Delaware. Background On February 17, 2026, the Company entered into Secured Pre-Paid Purchase #4 in the principal amount of $10,355,000 with Streeterville under that certain Securities Purchase Agreement dated August 21, 2025, between the Company and Streeterville. Under the Securities Purchase Agreement, the Company agreed to issue and sell shares of its common stock to Streeterville in one or more pre-paid purchases for an aggregate purchase price of up to $20,000,000. Terms of the Series A Preferred Stock The Certificate of Designation designates 15,000 shares of the Company's preferred stock, par value $1.00 per share, as Series A Preferred Stock and provides that each share of Series A Preferred Stock has a stated value of $1,150. Each share of Series A Preferred Stock accrues a preferred return on the Stated Value at a rate of 9% per annum, which compounds daily and is payable quarterly in cash or additional shares of Series A Preferred Stock at the Company's election. Upon the occurrence of an event of default under the Certificate of Designation, the Stated Value will automatically increase to 15%, which increase may be applied up to three times for three separate events of default. The Series A Preferred Stock is non-convertible and has no voting rights except in certain limited circumstances. It is not entitled to participate in dividends, distributions or payments to holders of the Company's common stock and may be redeemed by the Company, at the sole discretion of its board of directors, for a cash redemption price equal to 110% of the applicable liquidation amount. The Series A Preferred Stock ranks senior to all shares of the Company's capital stock, including the Company's common stock, with respect to dividends, distributions and payments upon liquidation, dissolution and winding up. The Certificate of Designation also contains covenants restricting certain issuances of securities, changes to authorized shares, asset pledges, asset dispositions, reverse stock splits and fundamental transactions. The full text copies of the Exchange Agreement and Certificate of Designation are available at https://tinyurl.com/37h9s68e and https://tinyurl.com/mw3e62cp, respectively. About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. (NASDAQ: RIME) is an artificial intelligence technology company focused on the growth and development of SemiCab, an AI-enabled software logistics and distribution business that utilizes the Company's SemiCab technology platform to enable retailers, brands and transportation providers to address common supply chain problems globally. The Company operates the SemiCab business through its subsidiary, SemiCab Holdings, LLC. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 1, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company suffered a net loss from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $18.456 million in total assets, $15.29 million in total liabilities, and $3.17 million in total shareholders' equity. ALL-CITY TOWING: Seeks to Extend Plan Exclusivity to July 30 ------------------------------------------------------------ All-City Towing, LLC and its affiliates asked the U.S. Bankruptcy Court for the Eastern District of Wisconsin to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 30 and Sept. 29, 2026, respectively. The Debtors operate a single business enterprise in the auto repair, towing, and transportation industry. Jeff Piller is the owner of the corporate debtors. Mr. Piller and his wife Candice Brecht operate the business enterprise. The Debtors explain that their cases are complex, not only because there are 10 cases being jointly administered, but because of various agreements between the Debtors and certain creditors, some of which involve cross-collateralization. The Debtors claim that a variety of factors have been cited as establishing the cause necessary to extend exclusivity. The Debtors face a complex reorganization due to the 10 jointly administered cases and the cross collateralization involved (Factor 1). The Debtors assert that they have been operating successfully in reorganization and have been negotiating with creditors to provide adequate protection and lay the foundation for a confirmable plan of reorganization (Factor 3). The Debtors further assert that they are paying bills as they become due and have successfully navigated an unforeseen hurdle, paying a $150,000.00 downpayment, to maintain adequate insurance (Factor 5). The Debtors previously requested a one-month extension making this the second request to extend exclusivity (Factor 6). The Debtors state that the requested extension is not extraordinary, especially considering the unanticipated circumstances the Debtors encountered. It takes into consideration the lost time and pending conflicts caused by the upcoming holiday as well as the calendar for Debtors' counsel (which was not previously an issue). Counsel to the Debtors: Evan P. Schmit, Esq. Kerkman & Dunn 839 N. Jefferson St., Suite 400 Milwaukee, WI 53202-3722 Tel: (414) 277-8200 Fax: (414) 277-0100 Email: jkerkman@kerkmandunn.com About All-City Towing LLC All-City Towing LLC operate auto repair, towing, and transportation businesses in Milwaukee and Sheboygan, Wisconsin. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wisc. Case No. 26-20523) on Feb. 1, 2026. In the petition signed by Jeff Piller, member/manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Rachel M. Blise oversees the case. Evan P. Schmit, at Kerkman & Dunn, is the Debtor's legal counsel. ALLSTATE LENDING: Seeks to Extend Plan Exclusivity to Sept. 28 -------------------------------------------------------------- Allstate Lending Group, Inc. ("ALGI") and Allstate Lending Group Servicing, LLC ("ALGSL") asked the U.S. Bankruptcy Court for the Central District of California to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 28 and Nov. 25, 2026, respectively. ALGI acted as both a mortgage broker and a lender for short-term hard money and construction loans. ALGSL serviced those same short-term loans. ALGI is owned jointly by Michael Scannell and Ken Rubendall. ALGSL is owned by Michael Scannell. In January 2026, ownership of both entities agreed to retain Howard Grobstein as their chief restructuring officer and Grobstein Teeple as forensic accountants to conduct an investigation into concerns regarding the treatment of certain assets and potential financial discrepancies and to provide business advice. Mr. Grobstein is in sole control of the Debtors' bank accounts and their books and records and has authority to manage and control the Debtors' businesses. The Debtors explain that to move this case forward, there are two main issues that must be resolved. The first is the forensic accounting of inflows and outflows and then matching those to individual lenders and borrowers. This is required because the Debtors maintained no electronic accounting or loan servicing system and what records do exist are not well-organized or accurate. The second is determining how beneficiaries of recorded assignments of deeds of trust and unrecorded assignments of deeds of trust should be treated with respect to payments related to those loans. The forensic accounting is nearing completion, with transactions being matched to particular loans. The Debtors will then be able to determine the exact status of each of the remaining active loans and formulate a proposal for how to address the various constituencies in this case. The Debtors claim that the process is expected to result in a reduction to the filed claims and will enable the Debtor to be proactive in its efforts to service the active loans. Until then, the formulation of a plan of liquidation for the Debtors is premature because there are too many unknown variables. The Debtors noted that they maintained no electronic accounting or loan servicing system. Thus, the first order of business in order to accurately identify active loans and their status and in order to determine the magnitude of claims against the estates is to do a forensic accounting. This has been in process since Wells Fargo Bank produced the Debtors' banking records and is expected to be complete in the next couple of weeks. The Debtors assert that the forensic accounting will also be critical to identifying claims against third parties that can be pursued for the benefit of the Debtors' creditors. The forensic accounting will also demonstrate how funds from lenders flowed and assist the Debtors in developing a recommendation as to how to treat beneficiaries of both recorded and unrecorded assignments of the beneficial interests in notes and deeds of trust. The Debtors further assert that pending the outcome of this analysis, it is premature for the Debtors to formulate their plans of liquidation. Accordingly, the Debtors are seeking a 90-day extension of the deadlines related to proposing their plans and soliciting acceptances of them. Counsel for the Debtors: Kyra E. Andrassy, Esq. Robert S. Marticello, Esq. Stephen M. Mott, Esq. RAINES FELDMAN LITTRELL LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Telephone: (310) 440-4100 Facsimile: (310) 691-1943 Email: kandrassy@raineslaw.com About Allstate Lending Group Allstate Lending Group, Inc. is a California-based mortgage lending and brokerage company headquartered in Monterey Park, California, providing residential home loan products including purchase, refinance, and alternative mortgage programs. It originates and arranges mortgage financing for borrowers through various loan structures, including non-prime and equity-based lending solutions. Allstate operates within the non-depository credit intermediation industry under licensing from the California Department of Real Estate. Allstate Lending Group filed Chapter 11 petition (Bankr. C.D. Calif. Case No. 26-11879) on Feb. 27, 2026, listing assets of between $500,001 and $1 million and liabilities of between $50 million and $100 million. The Debtor is represented by Kyra E. Andrassy, Esq. at Raines Feldman Littrell, LLP. AMBER ACQUISITIONCO: S&P Assigns 'B' ICR, Outlook Stable -------------------------------------------------------- S&P Global Ratings assigned its 'B' issuer credit rating to Amber AcquisitionCo LLC, known as DwyerOmega, 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 stable outlook reflects S&P's belief that the company will expand its S&P Global Ratings-adjusted EBITDA margin and improve leverage to below 6.5x over the next six to twelve months, supported by its growing FOCF generation. DwyerOmega is a manufacturer of specialty sensing and instrumentation technology for global industrial, medical, and high-tech end markets. The company is refinancing its capital structure with a new $250 million revolving credit facility (RCF) due 2031 (unrated; expected to be undrawn at close), $2.2 billion first-lien term loan due 2033, and $150 million delayed-draw term loan due 2033 (expected to be undrawn at close). S&P said, "We forecast S&P Global Ratings-adjusted leverage will fall to the low- to mid-6x area in 2026, supported by double-digit percent revenue growth, inclusive of acquisitions. We also expect the company to generate good free operating cash flow (FOCF) on improving profitability." DwyerOmega's niche market position and strong profitability are constrained by limited scale and competitive markets. In S&P's view, the company's competitive position is limited by its small scale and scope of operations relative to that of larger, more diversified peers in the fragmented global sensing and testing market. The company operates as a highly specialized niche manufacturer serving critical value chains, such as semiconductor manufacturing, medical, and data centers. However, its market share remains modest. DwyerOmega benefits from a track record of reliability, long-standing customer relationships, and a flexible cost structure that is expected to drive sustained above-average S&P Global Ratings-adjusted EBITDA margins exceeding 30%. However, these strengths are partially offset by moderate barriers to entry and the risk of product substitution, as only a portion of its portfolio is deeply embedded in customer designs. Despite a moderate geographic concentration, with approximately 60% of sales generated in the U.S., DwyerOmega's revenue profile is bolstered by a stable demand base, with approximately 70% of revenue from maintenance, repair, and operations (MRO). S&P said, "We forecast revenue growth in the mid-20% area in 2026 and low-10% area in 2027, inclusive of acquisitions. In 2026, revenue growth is underpinned by contributions from recent acquisitions, robust growth in orders resulting from strong underlying industrial demand, ongoing datacenter buildouts and related semiconductor manufacturing, and strong price realizations. In 2027, we expect growth to normalize, underpinned by mid-single-digit percent organic growth due to continued pricing and volume gains, supplemented by contributions from future acquisitions." Demand is supported by a business model heavily weighted toward recurring MRO demand (about 70% of revenue), which provides a relatively consistent revenue stream. DwyerOmega also targets attractive end markets, including industrial automation, semiconductors, data centers, and life sciences. This provides exposure to high-growth sectors that help offset broader industrial cyclicality. The adjusted EBITDA margin will moderately improve to 33%-34% in 2026, remaining broadly flat in 2027. This is driven by improved operating leverage, synergy benefits from recent acquisitions, and the realization of operational cost-saving initiatives, such as supply-chain consolidation at acquired businesses and organizational restructuring initiatives. Overall, S&P expects EBITDA margins to remain above average for industrial manufacturers and believe margins will improve by approximately 150 basis points (bps) in 2026, remaining mostly flat through 2027 on incremental acquisition-related costs. Adjusted leverage will fall to the low- to mid-6x area in 2026 and 2027. S&P expects S&P Global Ratings-adjusted leverage will fall to about 6.4x in fiscal 2026, improving to about 6.0x in fiscal 2027. Deleveraging will be driven by double-digit percent organic revenue growth, EBITDA margin expansion, and incremental earnings from acquisitions. S&P said, "We expect DwyerOmega to continue to pursue acquisitions to expand its product offerings and exposure into attractive end markets. We expect acquisitions will be supported by the company's new $150 million delayed-draw term loan as well as growing discretionary cash flow. While organic performance and margin expansion provide a supportive backdrop for leverage improvement, the ongoing focus on acquisitions poses integration risk. "We forecast S&P Global Ratings-adjusted free operating cash flow (FOCF) will improve to about $90 million in fiscal 2026 and about $140 million in fiscal 2027. This reflects a combination of earnings growth and modest capital expenditure (capex) needs (about 2% of revenue), partly offset by moderate working-capital outflows to support growth. "The stable outlook reflects our belief that the company will expand its S&P Global Ratings-adjusted EBITDA margin and improve leverage to below 6.5x over the next six to 12 months, supported by its growing FOCF generation in 2026." S&P could lower its ratings on DwyerOmega if: -- Its S&P Global Ratings-adjusted leverage will remain above 6.5x. This could occur due to pressured operating performance or large debt-funded acquisitions or dividends; or -- The company doesn't generate positive FOCF. Although unlikely over the foreseeable future, S&P could raise its rating on DwyerOmega if: -- Leverage declines below 5x, inclusive of potential debt-funded acquisitions and shareholder returns; -- It demonstrates financial policies that allow it to sustain this reduced level of leverage; and -- The company continues to create positive FOCF and maintains adequate liquidity. AMERICAN CONTRACTORS: Gets Final OK to Use Cash Collateral ---------------------------------------------------------- The U.S. Bankruptcy Court for the Western District of Pennsylvania granted American Contractors Equipment Co. final approval to use the cash collateral of JTS Capital 3, LLC. Under the final order, the Debtor is authorized to use cash collateral to pay vendors and other ordinary-course operating expenses consistent with how the business operated before filing for bankruptcy. This authorization is intended to allow the Debtor to continue normal operations during the Chapter 11 proceedings. As adequate protection for JTS's secured interest, the Debtor is required to make monthly payments of $5,000, with each payment due on or before the 5th day of every month. The order is available at http://bankrupt.com/misc/AmericanContractors_FCCOrder122.pdf About American Contractors Equipment Co. American Contractors Equipment Co. offers rental and maintenance services for heavy construction and industrial machinery, including cranes, forklifts, and aerial lifts, supporting contractors and industrial clients across Western Pennsylvania, Maryland, and Northern West Virginia. American Contractors Equipment Co. in Pittsburgh PA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D. Pa. Case No. 26-20234) on Jan. 27, 2026, listing $1,546,101 in assets and $3,283,292 in liabilities. James Bulger as president, signed the petition. Judge Carlota M. Bohm oversees the case. The Debtor tapped Kirk B. Burkley, Esq., at WH Burkley, LLP as legal counsel and H2R CPA as accountant. AMERICAN TOOL: Gets Court OK to Hire Oscher as Independent Director ------------------------------------------------------------------- Judge Luis E. Rivera II of the U.S. Bankruptcy Court for the Middle District of Florida approved the emergency application of American Tool & Mold Inc. and its affiliated debtors to employ Lisl Unterholzner and Oscher Consulting, PLLC (collectively, "Oscher Consulting") as independent director and manager. The objections filed by EverBank, N.A. and the United States Trustee are overruled. EverBank is a creditor of the Debtors arising from two loans made in July 2025: a loan of $13,246,000.00 and a working line of credit of $4,000,000.00, both secured by all of the Debtors' assets. The Debtors defaulted on the loans right away and EverBank filed an action against the Debtors in the Circuit Court of the Sixth Judicial Circuit in and for Pinellas County, Florida, seeking to enforce its mortgage and security agreements (the "Receivership Case"). In short order, the State Court appointed a receiver over the EverBank Collateral, effectively dispossessing the Debtors' pre-petition management. Right before the filing of these cases, the Debtors appointed Joseph Baum as Chief Restructuring Officer ("CRO"). Then, on May 15, 2026, the Debtors each filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. The receiver thereafter returned possession of the EverBank Collateral to the Debtors, and the Debtors manage and operate their properties and businesses as debtors in possession. But, on May 18, 2026, EverBank filed its Emergency Motion for Appointment of Chapter 11 Trustee (the "Motion to Appoint Trustee"), which asserts cause exists to appoint a trustee, including gross mismanagement, financial collapse, and loss of operational control. Now, the Debtors seek authority under Sections 363(b) and 327(a) to employ, retain, and compensate Oscher Consulting, as the Debtors' independent director effective June 24, 2026. On that date, the Debtors' sole shareholder and member, Emilia Giannakopoulos, appointed Ms. Unterholzner to the Board as the Independent Director; assigned all her rights and authority as a voting member of the Company to Ms. Unterholzner; and resigned as a voting member of the companies. The equity of the Debtors has chosen to replace Ms. Giannakopoulos as the sole director and manager with Ms. Unterholzner, who will serve as the sole and independent director of each of the corporate Debtors and as the sole and independent manager of each of the limited liability company Debtors. This action was taken under the authority of the corporations' bylaws and the limited liability companies' operating agreements. Because Oscher Consulting is a "professional person," the Debtors seek approval of this appointment under Sections 327(a) and 363(b). Both the United States Trustee and EverBank object to the appointment of Oscher Consulting, albeit for different reasons. EverBank objects to the appointment of Oscher Consulting because, as they see it, there is no real need for Oscher's services, as required by Section 327(a) of the Bankruptcy Code and Bankruptcy Rule 2014. While sharing similar concerns about Oscher Consulting's independence, the United States Trustee principally objects on the grounds that the sole means for removing a debtor-in-possession under the Bankruptcy Code is to appoint a chapter 11 trustee. The Debtors are Florida corporations and limited liability companies. And, under both the Florida Business Corporations Act, Fla. Stat. ch. 607, and the Florida Revised Limited Liability Company Act, Fla. Stat. ch. 605, it is the equity of the corporation or company, i.e. the shareholders or members, who are empowered to elect the company's directors or managers. It is those directors or managers who then select a company's officers. The Court rejects the United States Trustee's position that a proposed change of management following the filing of a still pending motion to appoint a Chapter 11 trustee is proscribed by section 1104(a). According to the Court, the approval of a change of a nonindividual debtor-in-possession's directors or managers during the pendency of a case -- a change permitted by state law -- is not prohibited by Section 1104(a). The Court is satisfied that the employment of Oscher Consulting as the Debtors' independent director and manager is a sound exercise of the Debtor's business judgment. The Court is also satisfied that Oscher Consulting is a disinterested person eligible for employment under Section 327(a). The Court finds it is in the best interests of the Debtors' estates, creditors and equity holders to authorize the Debtors to appoint Oscher Consulting as the Debtors' independent director and manager. A copy of the Court's Memorandum Opinion and Order dated July 2, 2026, is available at http://urlcurt.com/u?l=CVadUxfrom Pacermonitor.com. About American Tool & Mold Inc. American Tool & Mold Inc. is a manufacturing company specializing in precision tooling, mold design, and custom machining solutions for industrial and commercial clients. The company provides services related to tool-and-die production, injection molds, metal fabrication, and engineered manufacturing components. American Tool & Mold Inc. supports a range of industries, including automotive, aerospace, consumer products, and industrial equipment manufacturing. American Tool & Mold Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04159) on May 15, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Luis Ernesto Rivera II, Esq. handles the case. The Debtor is represented by Daniel A. DeMarco, Esq. of Hahn Loeser & Parks, LLP. EverBank, NA, as lender, is represented by: J. Ellsworth Summers, Jr., Esq. Dana L. Robbins-Boehner, Esq. Marc A. Sendra, Esq. BURR & FORMAN LLP 50 N Laura Street, Suite 3000 Jacksonville, Florida 32202 Telephone: (904) 232-7200 Facsimile: (904) 232-7201 Email: esummers@burr.com drobbins-boehner@burr.com msendra@burr.com AMERIGUARD SECURITY: Debts Exceed Assets by $4.4-Mil. at March 31 ----------------------------------------------------------------- AmeriGuard Security Services, Inc.'s stockholder's deficit was US$4.4 million at March 31, 2026. The stockholder's deficit was US$3.5 million at Dec. 31, 2025. At March 31, 2026, the Company had total assets of US$7.9 million and total liabilities of US$12.3 million. At Dec. 31, 2025, the Company had total assets of US$8.2 million and total liabilities of US$11.8 million. During the three months ended March 31, 2026, AmeriGuard Security Services, Inc. reported that operations generated a net decrease in cash of approximately $610,000, cash used by investing activities was approximately $26,300, and financing activities added approximately $123,400. The Company stated that the net decrease in cash for the period was approximately $513,000 and that, on March 31, 2026, it had cash on hand of $215,949 with total current assets of $2,293,092. The Company identified its principal sources of liquidity as cash from operations and proceeds from debt financing. The Company disclosed that actions taken by previous board members resulted in its Accounts Receivable credit line provider declaring the Company in default and cancelling all further funding in July 2025, "making it impossible for the company to meet operational cash needs in July 2025." The Company further stated that the loss of three federal guard contracts in July 2025 accounted for a 52.2% decrease in total revenue, or approximately $3,742,000, during the first quarter of 2026 compared to the same period in 2025. Management described that these declines in revenue and related declines in gross profit were directly traceable to the lost federal guard contracts. Management stated that it "has developed a strategic plan moving forward in 2026" and that "all three of these strategies require capital to accelerate success," noting that a large portion of the executive management team and the board's focus is on "exploring every opportunity to find a willing partner investor." The Company described plans to grow its transportation subsidiary and expand high-tech security services, and noted that "there is a need for new capital to help develop this service." The Company also reported launching a new marketing campaign, opening a sales office in Las Vegas, and hiring two individuals to its sales team, with the stated expectation that "this will provide the sales needed to cover our operational cash needs." Regarding solvency and the ability to meet obligations, management reported that it "continues complete reorganization of operations" and has begun eliminating all non-vital expenses. The Company stated: "Although we are optimistic that we will be able to continue, the future is not certain. We can operate profitably moving forward resulting in some free cash flow. Month to month expenses will be met. However, the amount of debt held by the Company and the amounts due to vendors is significant and may be more than the future operations can manage." The Company further stated that its "continued operations greatly depend upon the arrangements that can be made with the Lender and the patience of our vendors." Management also reported that, as reorganization efforts continue, it has "managed to reduce operational expenses and direct expenses, while at the same time increased non-government contracting revenue relating to guard services." The Company stated that, as a result, "future months will be operating profitably providing some free cash flow." No explicit auditor going concern opinion is described in the provided text, but the Company explicitly acknowledged that "the future is not certain" and tied its continued operations to negotiations with its lender and the forbearance of vendors. A full-text copy of the Form 10-Q is available at https://tinyurl.com/ynpyjv2t About AmeriGuard Security Services, Inc. AmeriGuard Security Services, Inc., provides armed guard services as a federal contractor, operating in five states and offering commercial guard services primarily in California. The Company has expanded its operations through the acquisition of Health Revenue Assurance Holdings, Inc. and TransportUS Inc., which provides human transportation services, further diversifying its service offerings within the federal contracting space. ANDERSON HAY: Amends Several Unsecured Claims Pay Details --------------------------------------------------------- Anderson Hay Enterprise, Inc., and its affiliates submitted a First Amended Disclosure Statement describing First Amended Joint Plan of Reorganization dated June 29, 2026. The Plan provides for full payment of all creditors from the liquidation of certain assets and the proceeds of a refinancing of the existing secured financing or a sale of additional assets, all within a relatively short period of time. Class 16 consists of the all Unsecured Claims against AHG (each, a "Class 16 Claim" and collectively, the "Class 16 Claims"). Each Class 16 Claim shall be paid according to the following terms: * Satisfaction of Class 16 Allowed Claims. If not sooner satisfied, the Debtors shall pay the Holder of each Class 16 Allowed Claim the full amount of such Class 16 Allowed Claim in Cash on the earlier of (i) a Financial Event, or (ii) the Plan Deadline. * Satisfaction of 503(b)(9) Claims. Notwithstanding subsection IV.B.16(b), any Class 16 Allowed Claim as entitled to priority pursuant to Section 503(b)(9) of the Bankruptcy Code shall be paid in full, in Cash, on the Effective Date; provided that, to the extent the portion of such Claim asserted to be entitled to priority under Section 503(b)(9) of the Bankruptcy Code is disputed, the disputed portion shall instead be paid in full, in Cash, within ten Business Days after the date on which the Court enters a Final Order fixing the amount of such Claim entitled to priority under Section 503(b)(9) of the Bankruptcy Code. Class 17 consists of the all Unsecured Claims against Agri (each, a "Class 17 Claim" and collectively, the "Class 17 Claims"). Each Class 17 Claim shall be paid according to the following terms: * Satisfaction of Class 17 Allowed Claims. If not sooner satisfied, the Debtors shall pay the Holder of each Class 17 Allowed Claim the full amount of such Class 17 Allowed Claim in Cash on the earlier of (i) a Financial Event, or (ii) the Plan Deadline. * Satisfaction of 503(b)(9) Claims. Notwithstanding subsection IV.B.17(b), any Class 17 Allowed Claim identified in Exhibit B as entitled to priority pursuant to Section 503(b)(9) of the Bankruptcy Code shall be paid in full, in Cash, on the Effective Date; provided that, to the extent the portion of such Claim asserted to be entitled to priority under Section 503(b)(9) of the Bankruptcy Code is disputed, the disputed portion shall instead be paid in full, in Cash, within ten Business Days after the date on which the Court enters a Final Order fixing the amount of such Claim entitled to priority under Section 503(b)(9) of the Bankruptcy Code. Class 18 consists of the all Unsecured Claims against Enterprise (each, a "Class 18 Claim" and collectively, the "Class 18 Claims"). Each Class 18 Claim shall be paid according to the following terms: * If not sooner satisfied, the Debtors shall pay the Holder of each Class 18 Allowed Claim the full amount of such Class 18 Allowed Claim in Cash on the earlier of (i) a Financial Event, or (ii) the Plan Deadline. Here, the Plan provides for the payment in full of all Allowed Claims not later than October 31, 2026, from the proceeds of either a Refinancing or a Transaction, and if neither closes by the Plan Deadline, through proceeds of asset sales and refinancing activity by the Secondary Plan Deadline until paid in full. The Debtors believe each of these three paths, considered independently, supports a finding of feasibility. The Transaction. Enterprise has executed a MOU with a strategic partner for the acquisition of the majority of Enterprise's assets, with the purchaser also entering into leases of MTA Holdings' real property related to ongoing Washington operations. The MOU generally provides for a closing date of August 31, 2026, and for cash at closing in an amount (when combined with ordinary course collection of accounts receivable that would then be outstanding) sufficient to pay virtually all Allowed Claims by the Plan Deadline. However, because the Transaction will not provide for the purchase and sale of any real property, an amount will remain owing to PGIM. Such amount, whether prior to or following the Effective Date, shall be satisfied not later than the Secondary Plan Deadline by way of (i) sales of surplus real property on which PGIM holds a security interest, (ii) a refinancing through a third party, or (iii) a restructuring of such residual amount that is mutually acceptable to the Debtors and PGIM. The Refinancing. If the Debtors are unable to consummate a Transaction not later than thirty days prior to the Plan Deadline, the Debtors shall proceed with an exit-financing alternative. The Debtors have had discussion with two lenders that have expressed a willingness to provide an exit financing package that will generate proceeds in an amount sufficient to satisfy all Allowed Claims in full not later than the Plan Deadline. As of the filing date hereof, the Debtors do not have a final commitment from a lender on such a financing package, as the Debtors are currently proceeding with a Transaction, which would be economically more favorable for the Debtors. A full-text copy of the First Amended Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=MXvBFA from PacerMonitor.com at no charge. Counsel to the Debtors: James L. Day, Esq. Bush Kornfeld Llp 601 Union Street, Suite 5000 Seattle, WA 98101 Tel: (206) 292-2110 Email: jday@bskd.com About Anderson Hay Enterprise Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on Nov. 26, 2025. In the petition signed by Steve Gordon, CFO, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the case. James L. Day, at Bush Kornfeld LLP, is the Debtor's legal counsel. APPTECH PAYMENTS: Obtains $500,000 Working Capital Loan ------------------------------------------------------- AppTech Payments Corp. announced in a regulatory filing that it entered into a Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, pursuant to which the Lender agreed to lend the Company $500,000 for short-term working capital and general corporate purposes. The Note bears interest at a rate of 9.0% per annum and matures 90 days from issuance. No payments of principal or interest are required prior to the maturity date. The Company may prepay the Note at any time without premium or penalty, provided accrued interest through the date of payment is also paid. The Note contains customary events of default, including the Company's failure to repay amounts due at maturity, certain bankruptcy or insolvency events, and certain uncured material breaches. Upon an event of default, the lender may declare all outstanding principal and accrued interest immediately due and payable. A full text copy of the Promissory Note is available at https://tinyurl.com/4x2e56da Related Person Transaction Albert L. Lord, Jr., the Chairman of the Company's Board of Directors, serves as trustee of the Suzanne D. Lord Spousal Estate Reduction Trust, the lender under the Note. Accordingly, the Company considers the transaction to be a related person transaction under Item 404(a) of Regulation S-K. The Company's Board of Directors approved the transaction in accordance with the Company's related person transaction policies. About AppTech Payments Corp. Headquartered in Carlsbad, Calif., AppTech Payments Corp. -- www.apptechcorp.com -- provides digital financial services for financial institutions, corporations, small and midsized enterprises, and consumers through the Company's scalable cloud-based platform architecture and infrastructure, coupled with its Specialty Payments development and delivery model. AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities. San Diego, California-based dbbmckennon, the Company's auditor since 2014, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and cash used in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $9.14 million in total assets, $8.84 million in total liabilities, and total stockholders' equity of $297 thousand. ARCADIA BIOSCIENCES: Board OKs Discretionary Bonus for CEO ---------------------------------------------------------- Arcadia Biosciences, Inc. announced in a regulatory filing that the Board of Directors and the Compensation Committee of the Board approved a discretionary cash bonus payment of $169,000 to Thomas J. Schaefer, the Company's Chief Executive Officer and Interim Chief Financial Officer, with respect to the 2025 year. No other named executive officers received a bonus payment with respect to the 2025 year. 2025 Summary Compensation a. Thomas J. Schaefer, President and Chief Executive Officer(3) 2025: * Salary $260,000 * Bonus $169,000(2) * Option Awards(1) $40,001 * All Other Compensation $4,057 Total $473,058 2024: * Salary $260,000 * Bonus $65,000 * Option Awards(1) $43,888 * Non-Equity Incentive Plan Compensation(2) $126,853 * All Other Compensation $3,736 Total $499,477 b. Mark Kawakami, Former Chief Financial Officer(4) 2025: * Salary $212,063 * Option Awards $40,001 * All Other Compensation $22,364 Total $274,428 2024: * Salary $212,742 * Bonus $53,016 * Option Awards $43,888 | * Non-Equity Incentive Plan Compensation(2) $57,802 * All Other Compensation $2,727 Total $370,175 Notes to 2025 Summary Compensation Table (1) Amounts do not reflect compensation actually received by the officer. Instead, the amounts represent aggregate grant date fair value of options granted during 2025 computed in accordance with ASC Topic 718 Stock Compensation. The valuation assumptions used in determining such amounts are consistent with those described in Note 13 of the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2025. On May 9, 2025, each of Mr. Schaefer and Mr. Kawakami was granted an option to purchase 12,500 shares of common stock under our 2015 Omnibus Equity Incentive Plan. The stock options have a term of ten years and vest over four years, with 25% of the shares subject to the stock options vesting on the first anniversary of the grant date, and an additional 1/36th of the shares vesting each month thereafter, subject to continued service through the applicable vesting dates. Mr. Kawakami resigned as an officer and employee effective September 12, 2025, and his options have expired and terminated. (2) The amounts shown for 2024 represent amounts earned pursuant to our Executive Incentive Bonus Plan for services in 2024, which were paid in 2025. The amounts for 2024 were determined based on a weighting of the achievement of Financial and Individual Goals. In light of, among other factors, the proposed business combination transaction between the Company and Roosevelt Resources, LP which was terminated in December 2025, the Company did not pay bonuses under its Executive Incentive Bonus Plan to any named executive officer for the 2025 year. Mr. Schaefer is eligible to receive an annual incentive cash bonus and received a discretionary bonus payment for the 2025 year. (3) Mr. Schaefer served as the Company's Chief Financial Officer until his appointment as Chief Executive Officer on July 3, 2024. Amounts shown in the table include compensation for services rendered in all capacities. (4) Mr. Kawakami served as the Vice President of Finance until his appointment as Chief Financial Officer on July 3, 2024. Amounts shown include compensation for services rendered in all capacities. Background On April 30, 2026, the Company filed an amendment to its Annual Report on Form 10-K/A with the Securities and Exchange Commission, noting that as of the date of filing, the Company had not paid any bonus compensation to named executive officers under its executive incentive bonus plan for services in 2025, that the amount of any cash bonus for Mr. Schaefer for the 2025 year was not determinable as of the date of filing, and that when determined, the Company would file a Report on Form 8-K disclosing the amount of any cash bonus paid and a recalculated total compensation figure pursuant to Item 5.02(f) of Form 8-K. About Arcadia Biosciences Inc. Headquartered in Dallas, Texas, Arcadia Biosciences Inc. is a producer and marketer of innovative, plant-based health and wellness products. Since its inception in 2002, it has worked on creating next-generation wellness products, particularly by enhancing wheat with unique nutritional profiles, including increased fiber, improved protein quality, fewer calories, reduced gluten, and extended shelf stability. Their portfolio also includes Zola Coconut Water, a hydrating beverage that is Non-GMO, low in calories, and rich in electrolytes. The Company collaborates with food manufacturers to create healthier wheat-based products. Tempe, Arizona-based Deloitte & Touche LLP, the Company's auditor since 2007, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has an accumulated deficit, recurring net losses and net cash used in operations, and resources that will not be sufficient to meet its anticipated cash requirements, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $5.3 million in total assets, $2.4 million in total liabilities, and $2.9 million in total stockholders' equity. ARCADIA BIOSCIENCES: Sets 2026 Annual Meeting for Sept. 10 ---------------------------------------------------------- Arcadia Biosciences, Inc. announced in a regulatory filing that its Board of Directors has determined that the 2026 Annual Meeting of Stockholders will be held on September 10, 2026. The time, location, and matters to be considered will be as set forth in the Company's definitive proxy statement for the 2026 Annual Meeting to be filed with the Securities and Exchange Commission. Because the expected date of the 2026 Annual Meeting represents a change of more than 30 calendar days from the anniversary of the Company's 2025 Annual Meeting of Stockholders, the Company is informing stockholders of this change and the updated deadlines for submitting qualified proposals and director nominations. Accordingly, stockholders wishing to nominate a candidate for director, submit proposals intended for inclusion in the proxy statement, or submit other proposals for consideration at the 2026 Annual Meeting must ensure that proper written notice is received by the Company no later than the close of business on July 13, 2026, in accordance with the rules and regulations of the SEC, including Rule 14a-8 under the Securities Exchange Act of 1934, as amended, and the Company's Bylaws. In addition, stockholders who intend to solicit proxies in support of director nominees other than the Company's nominees must provide notice that sets forth the information required by Rule 14a-19 under the Securities Exchange Act of 1934, as amended, by the close of business on July 13, 2026. The submission of a stockholder proposal does not guarantee that it will be included in the Company's proxy materials or that it will be considered to be a qualified proposal for consideration at the 2026 Annual Meeting. Written notices must comply with the procedures and include the information required by the Company's Bylaws and must be received at the following address: Thomas J. Schaefer Arcadia Biosciences, Inc. 5956 Sherry Lane 20th Floor Dallas, Texas 75225 Tel: 214-974-8921 About Arcadia Biosciences Inc. Headquartered in Dallas, Texas, Arcadia Biosciences Inc. is a producer and marketer of innovative, plant-based health and wellness products. Since its inception in 2002, it has worked on creating next-generation wellness products, particularly by enhancing wheat with unique nutritional profiles, including increased fiber, improved protein quality, fewer calories, reduced gluten, and extended shelf stability. Their portfolio also includes Zola Coconut Water, a hydrating beverage that is Non-GMO, low in calories, and rich in electrolytes. The Company collaborates with food manufacturers to create healthier wheat-based products. Tempe, Arizona-based Deloitte & Touche LLP, the Company's auditor since 2007, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has an accumulated deficit, recurring net losses and net cash used in operations, and resources that will not be sufficient to meet its anticipated cash requirements, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $5.3 million in total assets, $2.4 million in total liabilities, and $2.9 million in total stockholders' equity. ASPIRA INC: Seeks to Hire Bach Law Offices as Bankruptcy Counsel ---------------------------------------------------------------- Aspira Inc. of Illinois seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Bach Law Offices, Inc. as counsel. The firm will render these services: (a) represent the Debtor in matters concerning negotiation with creditors; (b) prepare a plan and disclosure statement; (c) examine and resolve claims filed against the estate; (d) prepare and prosecute adversary matters, and otherwise; (e) represent each Debtor in matters before this Court. The firm received an initial retainer in the amount of $6,738, including the filing fee of $1,738 from the Debtor. Paul Bach, Esq., an attorney at Bach Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul M. Bach, Esq. Bach Law Offices, Inc. P.O. Box 1285 Northbrook, IL 60062 Telephone: (847) 564 0808 About Aspira Inc. of Illinois Aspira Inc. of Illinois, an Illinois not for Profit Corporation, is a Chicago-based not-for-profit education organization that, founded in 1968, operates charter school and youth-development programs focused on Latino and other underserved students, including ASPIRA Early College High School, a comprehensive early-college high school at 3986 W. Barry Ave. in Chicago. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-09992) on June 14, 2026. In the petition signed by Melissa Batista, interim chief executive officer, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Daniel R. Fine oversees the case. Paul M. Bach, Esq., at Bach Law Offices, Inc. represents the Debtor as bankruptcy counsel. ASPIRA INC: Taps Transwestern Commercial Services as Estate Broker ------------------------------------------------------------------ Aspira Inc. of Illinois seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Transwestern Commercial Services Illinois, LLC as real estate broker. The Debtor needs an agent to sell its properties located at: (a) 2989 N. Milwaukee Avenue, Chicago, Illinois; and (b) 3101-3121 N. Pulaski Rd., Chicago, Illinois. The firm will be paid 4 percent, in the event the purchaser is not represented by a cooperating broker, the commission will be 3.5 percent of the properties' purchase price. David Kimball, a real estate agent at Transwestern Commercial Services Illinois, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David Kimball Transwestern Commercial Services Illinois, LLC 200 W Madison St, Suite 1200 Chicago, IL 60606 Telephone: (312) 881-7000 About Aspira Inc. of Illinois Aspira Inc. of Illinois, an Illinois not for Profit Corporation, is a Chicago-based not-for-profit education organization that, founded in 1968, operates charter school and youth-development programs focused on Latino and other underserved students, including ASPIRA Early College High School, a comprehensive early-college high school at 3986 W. Barry Ave. in Chicago. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-09992) on June 14, 2026. In the petition signed by Melissa Batista, interim chief executive officer, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Daniel R. Fine oversees the case. Paul M. Bach, Esq., at Bach Law Offices, Inc. represents the Debtor as bankruptcy counsel. ATLANTIC RECOVERY: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Atlantic Recovery Center, LLC d/b/a Reign Residential Treatment Centers d/b/a Reign Residential Centers d/b/a Reign Residential Treatment Center d/b/a Sanctuary Mental Health and Wellness d/b/a Sanctuary Mental Health and Wellness Florida d/b/a Sanctuary Inpatient Mental Health & Wellness d/b/a Reign Residential Center 14320 Mustang Trail, Suite 308 Southwest Ranches, FL 33330 Business Description: Atlantic Recovery Center, doing business as Reign Residential Treatment Center, operates a mental health treatment center in Southwest Ranches, Florida. The center provides mental health treatment programs including residential inpatient care, multiple levels of care, cognitive behavioral therapy, dialectical behavioral therapy, family therapy, group therapy, trauma therapy, and 12-step therapy/program introduction. It serves clients seeking treatment for mental health concerns in South Florida. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-18871 Debtor's Counsel: Zach B. Shelomith, Esq. SHELOMITH LAW 2699 Stirling Rd, Suite C401 Fort Lauderdale, FL 33312-6598 Tel: (954) 920-5355 E-mail: zbs@lss.law Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Evan Prager as manager of Centric Behavioral Health, LLC, its sole member. The Debtor did not submit the required list of its 20 largest unsecured creditors when filing the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3VQJ2LA/Atlantic_Recovery_Center_LLC__flsbke-26-18871__0001.0.pdf?mcid=tGE4TAMA AVALON GLOBOCARE: Raises $400,000 via Preferred Stock Sale ---------------------------------------------------------- Avalon GloboCare Corp. announced in a regulatory filing that it entered into a securities purchase agreement with Allen O. Cage Jr., an individual accredited investor, pursuant to which the Company agreed to issue and sell to the Investor: (i) 400 shares of the Company's Series F Convertible Preferred Stock, par value $0.0001 per share, having a stated value of $1,000.00 per share, and (ii) 200,000 shares of the Company's common stock, par value $0.0001 per share, as additional consideration for the Investor's purchase of the Series F Preferred Stock, for an aggregate purchase price of $400,000.00. The transactions contemplated by the Purchase Agreement closed on July 2, 2026. On July 2, 2026, the Company filed a Certificate of Designation of Preferences, Rights and Limitations of Series F Convertible Preferred Stock with the Secretary of State of the State of Delaware, designating 5,000 shares of the Company's authorized preferred stock as Series F Convertible Preferred Stock. Material Terms of the Series F Preferred Stock Stated Value and Ranking. Each share of Series F Preferred Stock has a stated value of $1,000.00. The Series F Preferred Stock ranks: (i) senior to the Company's common stock and any other class or series of capital stock hereafter created that by its terms ranks junior to the Series F Preferred Stock, and (ii) junior to any other class or series of capital stock of the Company. Dividends. No dividends are payable on the Series F Preferred Stock, except for stock dividends or distributions for which adjustments are made to the conversion price. Voting Rights. Holders of Series F Preferred Stock have no voting power except as otherwise required by the Delaware General Corporation Law. However, for so long as any shares of Series F Preferred Stock are outstanding, the Company may not, without the affirmative vote of the holders of a majority of the then outstanding shares of Series F Preferred Stock, voting as a separate class: (a) alter or change adversely the powers, preferences or rights of the Series F Preferred Stock, (b) increase the number of authorized shares of Series F Preferred Stock, or (c) enter into any agreement with respect to any of the foregoing. Liquidation Preference. Upon any liquidation, dissolution or winding-up of the Company, holders of Series F Preferred Stock are entitled to receive, prior to any distribution to holders of common stock, an amount equal to 100% of the stated value per share. Conversion Rights. Each share of Series F Preferred Stock is convertible, at the option of the holder, at any time after the Shareholder Approval is obtained, into shares of common stock at a conversion price of $0.50 per share, subject to adjustment. No fractional shares of common stock will be issued upon conversion; in lieu thereof, the Company will pay cash or round up to the next whole share, at the Company's option. The conversion of the Series F Preferred Stock is subject to a beneficial ownership limitation of 4.99% of the outstanding shares of common stock. The Company is not required to issue any shares of common stock upon conversion of the Series F Preferred Stock until the Shareholder Approval is obtained. Anti-Dilution Adjustments. The conversion price is subject to proportional adjustment in the event of stock dividends, stock splits, reverse stock splits, combinations, reclassifications and similar events. In the event of any recapitalization, reorganization, consolidation, merger or sale of all or substantially all of the Company's assets, holders of Series F Preferred Stock will be entitled to receive, upon conversion, the same kind and amount of stock, securities or other assets or property that holders of common stock would receive in connection with such transaction. Mandatory Redemption. The Company is required to redeem 25% of the then outstanding shares of Series F Preferred Stock on each of October 1, 2026, November 1, 2026, December 1, 2026 and January 1, 2027, at a redemption price per share equal to 125% of the stated value. A holder may elect to convert shares subject to mandatory redemption into shares of common stock at any time prior to the applicable mandatory redemption date, and any shares so converted will reduce the number of shares subject to redemption on such date on a share-for-share basis. Officer, Director and Consultant Equity Grants On June 29, 2026, the Company issued three-year options to purchase 1,150,000 shares of the Company's common stock pursuant to the 2026 Equity Plan to the following officers: (i) options to purchase 400,000 shares to Luisa Ingargiola, Chief Strategy Officer; (ii) options to purchase 400,000 shares to Meng Li, interim Chief Executive Officer; and (iii) options to purchase 350,000 shares to Brio Financial and Sam Knipper, Chief Financial Officer, each having an exercise price of $0.2820 per share. On June 29, 2026, the Company also issued options to purchase 600,000 shares of common stock to its non-employee directors, and options to purchase 400,000 shares of common stock to consultants, each having an exercise price of $0.2820 per share. On the same day, the Company also issued 150,000 restricted shares of common stock to a consultant in exchange for services rendered. On July 1, 2026, the Company issued 200,000 shares of common stock in consideration of a waiver. On July 2, 2026, the Company issued an aggregate of 750,000 restricted shares of common stock to consultants in exchange for services rendered. The securities described above were offered and sold in reliance upon the exemption from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) promulgated thereunder. Full text copies of the Purchase Agreement and the Series F Certificate of Designations are available at https://tinyurl.com/2s4hsv73 and https://tinyurl.com/mrx5wb5d, respectively. 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 $16.24 million in total assets, $4.52 million in total liabilities, and $11.72 million in total stockholders' equity. B+T GROUP: Gladstone Investment Marks $14M 1L Loan at 73% Off ------------------------------------------------------------- Gladstone Investment Corporation has marked its $14,000,000 loan extended to B+T Group Acquisition, Inc. to market at $3,812,000 or 27% of the outstanding amount, according to Gladstone Investment's 10-K for the fiscal year ended May 12, 2026, filed with the U.S. Securities and Exchange Commission. Gladstone Investment Corporation is a participant in a secured first lien loan extended to B+T Group Acquisition, Inc. The loan accrues interest at a rate of SOFR+ 2.0%, 7.0% Cash per annum. The loan matures on Dec. 2026. Gladstone Investment Corporation is a corporate issuer in the leveraged finance market. The Fund is led by David Dullum as Chief Executive Officer, Taylor Ritchie as Chief Financial Officer and Treasurer, and David Gladstone as Chairman of the Board Directors. The Fund can be reached at: David Dullum Gladstone Investment Corporation 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Telephone: (703) 287-5800 About B+T Group Acquisition, Inc. B+T Group Acquisition, Inc. is a leading national provider of engineering and field services to the wireless telecom industry. BAILEY VENTURES: Commences Chapter 11 Bankruptcy in Texas --------------------------------------------------------- On July 6, 2026, Bailey Ventures, LLC filed for Chapter 11 Small Business 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 liabilities, including approximately $2.68 million in secured debt, and 50-99 creditors. The court has set Jan. 4, 2027, as the deadline for submission of the Chapter 11 Small Business plan. About Bailey Ventures, LLC Bailey Ventures, LLC is a Vidor, Texas-based provider of HVAC and electrical contracting services operating under the trade name Air Services Unlimited. The company serves customers throughout Southeast Texas and Southwest Louisiana, providing mechanical and electrical contracting services while continuing operations as a debtor-in-possession during its restructuring. The business has operated in the Beaumont-Port Arthur-Orange metropolitan area since at least 2012 and maintained an active mechanical contractor license in Orange, Texas, as of October 2024. Bailey Ventures, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80477) on July 6, 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 Alfredo R. Perez handles the case. The Debtor is represented by Russell Van Beustring, Esq., of Russell Van Beustring, BANNER CHEMICAL: Hires Banner Chemical as Environmental Consultant ------------------------------------------------------------------ Banner Chemical Corp. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Enviro-Sciences (of Delaware), Inc as environmental consultant. The professional services to be rendered are: a. assist the Debtor in connection with Industrial Site Recovery Act (ISRA) Compliance; b. prepare a property assessment; c. prepare an ISRA General Information Notice; d. modify the previous ISRA filing; and e. perform such other environmental consulting services for the Debtor, as may be necessary and appropriate. The firm will receive a fixed fee of $7,500 for its services. As disclosed in the court filing, is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: Irving D. Cohen Enviro-Sciences (of Delaware), Inc. 781 Route 15 South, 2nd Floor Lake Hopatcong, NJ 07849 Phone: (973) 398-8183 About Banner Chemical Corp. Banner Chemical Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. New Jersey Case No. 26-14051) on April 13, 2026. At the time of the filing, the Debtor reported assets of up to $50,000 and liabilities of between $500,001 and $1 million. The Debtor tapped McManimon, Scotland & Baumann, LLC as legal counsel and Vestcorp, LLC as accountant. Joseph Schwartz, Esq., at Riker Danzig Scherer Hyland & Perretti, LLP, serves as Subchapter V trustee for the Debtor. BARTON COLLEGE: S&P Affirms 'BB+' Rev. Bonds Rating, Outlook Neg. ----------------------------------------------------------------- S&P Global Ratings revised the outlook to negative from stable and affirmed its 'BB+' long-term rating on Public Finance Authority, Wisconsin's revenue bonds, issued for Barton College, North Carolina. The negative outlook reflects ongoing enrollment pressure in the competitive North Carolina market, weak demand metrics, and persistent operating deficits. The negative outlook reflects S&P Global Ratings' expectation that enrollment and demand metrics will remain pressured given the substantial competition in the state, and financial operations will likewise remain pressured under S&P's calculations given management's current strategic investments in capital projects on campus, somewhat offset by management's ongoing efforts toward expense reductions. S&P said, "We could lower the rating if financial resources ratios weaken, substantial full-accrual operating deficits persist, or enrollment continues to decline. We would also view additional debt without commensurate growth in resources or worsening demand metrics negatively. "We could revise the outlook to stable if Barton stabilizes enrollment, recognizes sustained improvements in financial resource ratios, and maintains at least modest full-accrual operating deficits without extraordinary endowment draws. We would also view improved demand metrics positively." BBBB GP: Seeks to Tap Phyllis Browning Company as Estate Broker --------------------------------------------------------------- BBBB GP LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Phyllis Browning Company as real estate broker. The firm's services include: (a) meet with the Debtor to ascertain its goals, objectives and financial parameters in selling its real property; (b) solicit interested parties for the sale of the real property and otherwise market it; (c) at the Debtor's direction and on its behalf, negotiate the terms of the sale of the real property subject to any procedure approved by the Court and the ultimate approval of the Court; and (d) perform all other tasks appropriate for a real estate broker in a Chapter 11 case to obtain the highest or otherwise best offer for the real property. The firm will receive a commission of 6 percent of the property's gross sale price. Mallory Baird, a real estate agent at Phyllis Browning Company, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mallory Baird Phyllis Browning Company 6061 Broadway San Antonio, TX 78209 Telephone: (210) 824-7878 Email: mbaird@phyllisbrowning.com About BBBB GP LLC BBBB GP, LLC operates as a general partner entity involved in investment management, real estate holdings, or business asset administration activities. It is based in San Antonio, Texas. BBBB GP sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-51210) on May 4, 2026. In its petition, the Debtor reported estimated assets of between $1 million and $10 million and estimated liabilities of between $1 million and $10 million. The Debtor is represented by R. J. Shannon, Esq., at Shannon Lee Beatty LLP. BEAR COUNTRY: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Bear Country Colorado, LLC 4615 S Santa Fe Drive Englewood, CO 80110 Business Description: Bear Country Colorado, LLC is an Englewood, Colorado-based repair and service business for trailers, RVs, and trucks. The company provides repair and service for vehicles and equipment including business fleets, boat trailers, farm and horse trailers, and farm equipment. It also operates as a Boss Snowplow dealer, providing snowplow sales, repair, and service, and serves Denver and surrounding areas. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court District of Colorado Case No.: 26-14900 Judge: Hon. Kimberley H Tyson Debtor's Counsel: Aaron A. Garber, Esq. WADSWORTH GARBER WARNER CONRARDY, P.C. 2580 West Main Street, Suite 200 Littleton, CO 80120 Tel: 303-296-1999 E-mail: agarber@wgwc-law.com Total Assets: $2,578,193 Total Liabilities: $1,982,748 The petition was signed by Michael Wooten as managing member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SURPNII/Bear_Country_Colorado_LLC__cobke-26-14900__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SPF2SFY/Bear_Country_Colorado_LLC__cobke-26-14900__0001.0.pdf?mcid=tGE4TAMA BEAR COUNTRY: Seeks Chapter 11 Bankruptcy After Foreclosure Action ------------------------------------------------------------------ On July 7, 2026, Bear Country Colorado, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million owed to 1-49 creditors. The bankruptcy filing followed a foreclosure action pending in Arapahoe County District Court involving the company's property at 4615 South Santa Fe Drive, as reflected in court records. About Bear Country Colorado, LLC Bear Country Colorado, LLC is an Englewood, Colorado-based recreational vehicle (RV) repair and maintenance company. The business provides repair and maintenance services for recreational vehicles and operated from its facility at 4615 South Santa Fe Drive in Englewood. Bear Country Colorado, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-14900) on July 7, 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 Kimberley H. Tyson, U.S. Bankruptcy Judge, handles the case. The Debtor is represented by Aaron A. Garber, Esq. BED BATH: Investor Can Keep Profits, 2d Circuit Affirms ------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that the Second Circuit ruled Tuesday, July 7, 2026, that an investor may retain profits earned from trading Bed Bath & Beyond shares, affirming a lower court's dismissal of claims that the investor improperly avoided federal short-swing trading restrictions through contractual ownership limits. The bankrupt retailer's successor alleged that Hudson Bay Capital Management used derivative contracts with ownership blockers as a façade to sidestep Section 16(b) of the Securities Exchange Act. The appeals court disagreed, finding the provisions effectively prevented Hudson Bay from acquiring more than 9.99% of the company's stock and therefore shielded it from insider trading liability, the report relays. The panel concluded the complaint failed to plausibly allege that the ownership caps were illusory or that Hudson Bay ever crossed the statutory ownership threshold. As a result, the investor is entitled to keep the disputed trading profits, ending the company's effort to recover the proceeds, according to Law360. About Bed Bath & Beyond Bed Bath & Beyond Inc., together with its subsidiaries, is an omnichannel retailer selling a wide assortment of merchandise in the Home, Baby, Beauty & Wellness markets and operates under the names Bed Bath & Beyond, buybuy BABY, and Harmon, Harmon Face Values. The Company also operates Decorist, an online interior design platform that provides personalized home design services. At its peak, Bed Bath & Beyond operated the largest home furnishing retailer in the United States with over 970 stores across all 50 states, consistently at the forefront of major home and bath trends. Operating stores spanning the United States, Canada, Mexico, and Puerto Rico, Bed Bath & Beyond offers everything from bed linens to cookware to electric appliances, home organization, baby care, and more. Bed Bath & Beyond closed over 430 locations across the United States and Canada before filing Chapter 11 cases, implementing full-scale wind-downs of their Canadian business and the Harmon branded stores. Left with 360 Bed Bath & Beyond, and 120 buybuy BABY stores, Bed Bath & Beyond Inc. and 73 affiliated debtors on April 23, 2023, each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code to pursue a wind-down of operations. The cases are pending before the Honorable Vincent F. Papalia and requested joint administration of the cases under Bankr. D.N.J. Lead Case No. 23-13359. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Lazard Frares & Co. LLC is serving as investment banker, and AlixPartners LLP is serving as financial advisor. Bed Bath & Beyond Inc. has retained Hilco Merchant Resources LLC to assist with inventory sales. Kroll LLC is the claims agent. BEELINE HOLDINGS: Makes MagicBlocks Wholly Owned Subsidiary ----------------------------------------------------------- Beeline Holdings, Inc. announced in a regulatory filing that effective last June 30, 2026, Beeline Financial Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company, entered into a Securities Exchange Agreement with MagicBlocks, Inc., a Delaware corporation, the two selling shareholders of MagicBlocks, and the holders of certain outstanding Simple Agreements for Future Equity of MagicBlocks held by third parties. Following the closing, MagicBlocks became a wholly-owned subsidiary of the Company; prior to the closing date, the Company owned 47.6% of MagicBlocks. Nicholas R. Liuzza, Jr., the Company's Chief Executive Officer, held $70,000 of Third-Party SAFEs in his individual capacity and received 31,111 shares of the Company's common stock in the exchange at $2.25 per share which was materially above market and on the same terms as the other Third-Party SAFE Holders. In addition, the Selling Shareholders entered into employment or services agreements and related compensation arrangements with the Company in connection with the transactions. In light of these relationships, the Agreement was negotiated and approved on behalf of the Company by a Special Committee of the Company's Board of Directors comprised solely of disinterested directors. Pursuant to the Agreement: (i) BFH acquired all shares of MagicBlocks common stock held by the Selling Shareholders for aggregate nominal cash consideration; (ii) the Company issued a total of 211,679 shares of its common stock to the Third-Party SAFE Holders (including Mr. Liuzza) in full satisfaction of, and exchange for, the Third-Party SAFEs (approximately $476,277 in aggregate principal); and (iii) all outstanding MagicBlocks stock options were cancelled. A full text copy of the Agreement is available at https://tinyurl.com/37z7xxn3 About Beeline Holdings Beeline Holdings, Inc. is a technology-driven mortgage and title platform focused on simplifying home financing through digital innovation, artificial intelligence, and automation. The Company provides residential mortgage lending, title services, and home equity solutions designed to improve efficiency and enhance the borrower experience. Boca Raton, Florida-based Salberg & Company, P.A., the Company's auditor since 2024, 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 losses and negative cash flows from operations since its inception, has a significant working capital deficit, and is dependent on debt and equity financing. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $70.25 million in total assets, $19.35 million in total liabilities, and $50.9 million in total shareholders' equity. BEELINE HOLDINGS: Raises $1.58MM Under Equity Purchase Agreement ---------------------------------------------------------------- Beeline Holdings, Inc. announced in a regulatory filing that from May 27 to June 26, 2026, it sold and issued a total of 1,370,131 shares of common stock pursuant to that certain Amended and Restated Common Stock Purchase Agreement and related Amended and Restated Registration Rights Agreement dated March 7, 2025 with C/M Capital Master Fund LP as purchaser, for total gross proceeds of $1,575,098.23. The ELOC Agreement was previously disclosed on the Company's Current Report on Form 8-K filed on March 10, 2025, available at https://tinyurl.com/2eb85zth To the extent such sales are deemed to be unregistered, the sales were made pursuant to the exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) promulgated thereunder. The purchaser's resales of the shares were registered on the Company's registration statement on Form S-1 (File No. 333-291000), effective November 10, 2025. About Beeline Holdings Beeline Holdings, Inc. is a technology-driven mortgage and title platform focused on simplifying home financing through digital innovation, artificial intelligence, and automation. The Company provides residential mortgage lending, title services, and home equity solutions designed to improve efficiency and enhance the borrower experience. Boca Raton, Florida-based Salberg & Company, P.A., the Company's auditor since 2024, 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 losses and negative cash flows from operations since its inception, has a significant working capital deficit, and is dependent on debt and equity financing. These matters raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $70.25 million in total assets, $19.35 million in total liabilities, and $50.9 million in total shareholders' equity. BETHUNE SUITES: Claims to be Paid from Property Sale Proceeds ------------------------------------------------------------- Bethune Suites, LLC filed with the U.S. Bankruptcy Court for the Southern District of New York a Disclosure Statement describing Plan of Liquidation dated June 29, 2026. The Debtor owns the real property and improvements thereon located at 46 Bethune Blvd., Commercial Condominium Unit #2, Spring Valley, NY 10977 (the "Property"). Formed in 2018, the Debtor is a domestic limited liability company formed pursuant to the laws of the State of New to acquire the Property. The Property is a three-story, walk-up, multi-family building. On May 26, 2026 the Debtor filed a motion with this Court seeking entry of an order authorizing and approving bidding procedures for an auction sale of the Property, free and clear of all monetary liens, claims and Encumbrances, with such monetary liens, claims and encumbrances to attach to the proceeds of sale; and approving the bidding procedures for the Property. The Court granted this motion, subject to entry of an order. The proposed auction sale will be subject to extensive marketing and subject to higher and better bids. The Debtor intends to receive the highest and best price for its sole asset, so that it may maximize return to creditors of its estate. Class 5 consists of the claims of holders of Allowed general unsecured claims. The allowed unsecured claims total $35,983.81. This Class is impaired. Subject to the provisions of Article 7 of the Plan with respect to Disputed Claims, in full satisfaction, release and discharge of Class 5 General Unsecured Claims, the holder of such Claims shall receive the following treatment: on the Effective Date, or as soon as possible after such Claims become Allowed Claims, each holder of a Class 5 General Unsecured Claim shall receive from the Disbursing Agent, unless otherwise agreed in writing between the Debtor and the holder of such Claim, its Pro Rata portion of $10,000 from the Unsecured Creditors Fund from a carve out from the Class 3 Bethune Funding Secured Claim and Class 4 Bethune SV Secured Claim, and the remaining Cash from the Sale Proceeds after payment of Statutory Fees, Administrative Claims, Professional Fee Claims, Non Tax Priority Claims, Priority Tax Claims, Class 1 Claims, Class 2 Claims, Class 3 Claims, and Class 4 Claims. Class 6 consists of Equity Interests. On the Effective Date, all Equity Interest Holders shall retain the value of their Interests that may exist as to any remaining balance of Cash, if any, after payment in full of all Allowed Claims and Classes of Claims against the Debtor. Interests of Equity shall be extinguished, and the Debtor shall remain responsible for either managing or winding down its own affairs without interfering with the Disbursing Agent's performance under the Plan. Class 6 Equity Interests are not receiving any distribution under the Plan. The sale of the Property to be conducted by public auction in accordance with the Bid Procedures. Payments under the Plan will be paid from the Sale Proceeds and any Cash of the Debtor. The Sale Transaction will be implemented pursuant to the Bid Procedures. The auction sale was scheduled for June 30, 2026. However, there have been no offers as of this date. Therefore, the Sale Transaction will be most likely be implemented by one of the Debtors' secured creditors via a credit bid. Prior to or on or about the Effective Date, the Property shall be sold to the Purchaser, free and clear of all Liens, Claims and encumbrances (except permitted encumbrances as determined by the Purchaser), with any such Liens, Claims and encumbrances to attach to the Sale Proceeds and disbursed in accordance with the provisions of the Plan. Except as set forth elsewhere in the Plan, all distributions to be made on the Effective Date shall be transferred to the escrow account of the Disbursing Agent at the closing of the Sale Transaction. A full-text copy of the Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=86yEU6 from PacerMonitor.com at no charge. Counsel for the Debtor: Joel M. Shafferman, Esq. Shafferman & Feldman LLP 137 Fifth Avenue, 9th Floor New York, NY 10017 Telephone: (212) 509-1802 About Bethune Suites LLC Bethune Suites, LLC is a New York-based real estate company focused on the ownership and management of residential and hospitality-style properties. The company provides leasing, property management, and tenant accommodation services. Bethune Suites, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22323) on March 31, 2026. In its petition, the Debtor disclosed up to $10 million in both assets and liabilities. The Debtor tapped Joel Shafferman, Esq., at Shafferman & Feldman, LLP as counsel and FIA Capital Partners, LLC as restructuring advisor. BHUJS INC: Seeks Subchapter V Bankruptcy in Colorado ---------------------------------------------------- On July 6, 2026, BHUJS Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Colorado. According to court filings, the Debtor reports between $1 million and $10 million in liabilities and 1-49 creditors. The Chapter 11 Small Business Subchapter V plan must be filed by October 5, 2026, while government proofs of claim are due by January 4, 2027. About BHUJS Inc. BHUJS Inc. is a Castle Pines, Colorado-based quick-service restaurant operator that owns and operates Subway franchise locations. According to court filings, the company continues operating its restaurants while pursuing a financial restructuring under Chapter 11, Subchapter V, with a reorganization plan due by October 5, 2026. BHUJS Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14865) on July 6, 2026. In its petition, the Debtor reported estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Joseph G. Rosania, Jr. handles the case. The Debtor is represented by Keri L. Riley, Esq., of Kutner Brinen Dickey Riley, P.C. BIG DIGITAL: Endeavor Blockchain Holds 46.4% Equity Stake --------------------------------------------------------- Endeavor Blockchain, LLC, Joshua Kilgore, Cody Smith, PM Squared, LLC, Phillip Stanley, and Six Thirty AI, LLC, disclosed in a Schedule 13D (Amendment No. 10) filed with the U.S. Securities and Exchange Commission that as of June 30, 2026, they own an aggregate of 3,652,288 shares of Common Stock, $0.001 par value, representing 47.8% of the shares outstanding on a fully diluted basis, of Big Digital Energy, Inc.'s Common Stock, $0.001 par value, based on 7,643,972 shares outstanding as of June 30, 2026 on a fully diluted basis including 1,995,221 shares issuable upon conversion of the Series D Convertible Preferred Stock. Individual beneficial ownership is as follows: * Endeavor Blockchain, LLC: 3,545,221 shares, representing 46.4% of the shares outstanding. * Joshua Kilgore: 3,553,221 shares, representing 46.5% of the shares outstanding. * Cody Smith: 2,080,221 shares, representing 27.2% of the shares outstanding. * PM Squared, LLC: 2,099,288 shares, representing 26.3% of the shares outstanding. * Phillip Stanley: 2,009,288 shares, representing 26.3% of the shares outstanding. * Six Thirty AI, LLC: 1,995,221 shares, representing 26.1% of the shares outstanding. Purpose of Transaction On June 30, 2026, Six Thirty AI purchased in a private placement 16,700 shares of the Issuer's Series D Convertible Preferred Stock at a purchase price of 90% of the face amount of $16,700,000 ($1,000 per share of Series D), or $15,030,000, with funds borrowed from YA II PN, LTD, an investor otherwise unaffiliated with the Issuer, which Series D is convertible into Shares within 60 days, with a floating Conversion Price of 95% of the lowest daily VWAP in the five trading days prior to notice of conversion, with a floor price of $1.80, subject to a 19.99% cap on conversion until shareholder approval is obtained, and assuming the daily VWAP of a Share as of June 30, 2026 ($8.81) is used to calculate the Conversion Price, the Series D Convertible Preferred Stock would convert into 1,995,221 Shares. Endeavor Blockchain, LLC may be reached through: Joshua Kilgore Endeavor Blockchain, LLC 5701 Euper Lane, Ste A, Fort Smith, AR, 72903 Tel: 479-420-8957 A full-text copy of Endeavor Blockchain, LLC's SEC report is available at https://tinyurl.com/247t5fpw About Big Digital Energy Inc. Big Digital Energy, Inc. formerly known as Mawson Infrastructure Group Inc., is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms. The Company provides services spanning artificial intelligence, high-performance computing, digital assets (including Bitcoin mining), and other intensive compute applications. The Company delivers both self-mining operations and colocation/hosting for enterprise customers, with a vertically integrated infrastructure model built for scalability and efficiency. Boston, Massachusetts-based Wolf & Company, P.C., the Company's auditor since 2023, 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 net losses since its inception, and had negative working capital and will need additional funding to continue operations. This raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $48.4 million in total assets, $44 million in total liabilities, and $4.3 million in total stockholders' equity. BISHOP 10TH STREET: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: Bishop 10th Street Townhomes, LLC 3818 Gunnison Dr Irving, TX 75063 Business Description: Bishop 10th Street Townhomes, LLC is an Irving, Texas-based residential real estate development and construction company focused on new-construction townhomes in Dallas' Bishop Arts District. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-33049 Debtor's Counsel: E. Aaron Cartwright III, Esq. TIERRA LAW PLLC 1400 W Mayfield Rd #340 Arlington TX 76015 Tel: 214-789-1354 E-mail: Aaron@EACLawyer.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Moneeb Gandhi, the Debtor's managing member. 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/KXCMNTA/Bishop_10th_Street_Townhomes_LLC__txnbke-26-33049__0001.0.pdf?mcid=tGE4TAMA BISHOP 10TH: Commences Chapter 11 Bankruptcy in Texas ----------------------------------------------------- On July 7, 2026, Bishop 10th Street Townhomes, 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 estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million owed to creditors. The Chapter 11 filing follows a June 2026 foreclosure notice involving the company’s property, which includes residential units with an estimated size of 1,873 square feet. The Debtor's Chapter 11 Plan and Disclosure Statement are due for filing by November 4, 2026. About Bishop 10th Street Townhomes, LLC Bishop 10th Street Townhomes, LLC is an Irving, Texas-based residential building construction company engaged in the ownership and management of residential townhouse developments. The company's primary operations involve managing a townhouse property located at 723 W. 10th Street in Dallas, Texas, consisting of residential units measuring approximately 1,873 square feet. Bishop 10th Street Townhomes, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-33049) on July 7, 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 Bankruptcy Judge Michelle V. Larson handles the case. The Debtor is represented by E. Aaron Cartwright III, Esq. of Tierra Law, PLLC. BORJOMI 1: Seeks to Hire Alla Kachan P.C. as Bankruptcy Counsel --------------------------------------------------------------- Borjomi 1, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Law Offices of Alla Kachan, P.C. as counsel. The firm's services include: (a) assist the Debtor in administering this case; (b) make such motions or take such action as may be appropriate or necessary under the Bankruptcy Code; (c) represent the Debtor in prosecuting adversary proceedings to collect assets of the estate and such other actions as it deems appropriate; (d) take such steps as may be necessary for the Debtor to marshal and protect the estate's assets; (e) negotiate with the Debtor's creditors in formulating a plan of reorganization for it in this case; (f) draft and prosecute the confirmation of the debtor's plan of reorganization in this case; and (g) render such additional services as the Debtor may require in this case. The firm will be paid at $300 per hour for clerks' and paraprofessionals' time, a$650 per hour for attorney time, and $450 per hour for associate time. In addition, the firm will seek reimbursement for expenses incurred. The firm received an initial retainer of $16,000 on June 12, 2026 from the Debtor. Alla Kachan, Esq. disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Alla Kachan, Esq. Law Offices of Alla Kachan, P.C. 2799 Coney Island Avenue, Suite 202 Brooklyn, NY 11235 Telephone: (718) 513-3145 About Borjomi 1, Inc. Borjomi 1, Inc. is a business enterprise engaged in commercial and retail-related operations. Borjomi 1, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.Y. Case No. 26-42347) on May 14, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Jil Mazer-Marino handles the case. The Debtor is represented by Alla Kachan, Esq. of Law Offices of Alla Kachan P.C. BOXLIGHT CORP: Faces Nasdaq Delisting Over Equity Requirement ------------------------------------------------------------- Boxlight Corporation announced in a regulatory filing that it received written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC that, based upon the Company's non-compliance with the $2.5 million stockholders' equity requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b), the Company's securities were subject to suspension and delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel. The Company plans to timely submit its request for a hearing before the Panel, which request will stay any further suspension or delisting action by Nasdaq at least pending the conclusion of the hearing and the expiration of any extension the Panel may grant to the Company following the hearing. At the hearing, the Company will present its plan to evidence compliance with the Rule and request an extension of time to do so. There can be no assurance that the Panel will grant the Company's request for continued listing or that the Company will be able to demonstrate compliance with the applicable Nasdaq listing criteria within any extension period that may be granted by the Panel. At its annual meeting of stockholders held on June 2, 2026, the Company obtained the approval of its stockholders for the potential issuance of shares of its Class A Common Stock and/or securities convertible into or exercisable for Class A Common Stock in an amount equal to 20% or more of the Company's outstanding Class A Common Stock in connection with a non-public transaction or series of transactions. The Company is currently exploring potential financing and other alternatives that would enable it to regain and sustain compliance with the Rule. About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. Atlanta, Georgia-based Cherry Bekaert LLP, the Company's auditor since 2025, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses and negative cash flows from operations, and may be unable to maintain compliance with financial covenants required by its credit agreement that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $97.5 million in total assets, $996.3 million in total liabilities, and $1.3 million in total stockholders' equity. BRABHAM CONSTRUCTION: Case Summary & Six Unsecured Creditors ------------------------------------------------------------ Debtor: Brabham Construction LLC 7117 Highway 165 Ravenel, SC 29470 Case No.: 26-03062 Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court District of South Carolina Judge: Hon. Elisabetta Gm Gasparini Debtor's Counsel: Roger K Pruitt, Esq. RK PRUITT LAW FIRM P.O. Box 162 Columbia, SC 29202 Tel: (803) 767-5988 E-mail: attorney@rkpruitt.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Marlon Brabham as owner. A full-text copy of the petition, which includes a list of the Debtor's six unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/X3B5KLQ/Brabham_Construction_LLC__scbke-26-03062__0001.0.pdf?mcid=tGE4TAMA BRAND ENGAGEMENT: Completes $19.5 Million Cataneo Deal ------------------------------------------------------ Brand Engagement Network Inc. completed its acquisition of Cataneo GmbH for $19.5 million on June 30, the company said in a Form 8-K filed with the Securities and Exchange Commission. The purchase price consisted of $9 million in cash and 250,792 Brand Engagement Network common shares valued at $37.88 each, subject to customary adjustments and offsets. Cataneo had revenue of EUR 8.64 million in fiscal 2025. Brand Engagement Network said it paid $1 million in cash at signing and funded the rest of the acquisition through sales of common stock at $39.59 a share and warrants exercisable in one year at $39.59 a share. In a press release furnished as an exhibit to the filing, Brand Engagement Network said Cataneo's platform manages more than EUR 6 billion in annual advertising inventory across more than 1,000 media brands and more than 200 broadcast and digital channels. The company said Cataneo co-founder Christian Unterseer joined Brand Engagement Network's board as part of the transaction. About Brand Engagement Network Brand Engagement Network Inc. is an artificial intelligence company focused on the engagement layer of AI. The Wilmington, Delaware-based company develops secure enterprise-grade conversational AI using its proprietary Engagement Language Model and a suite of more than 16 modules that include natural language processing, multisensory awareness, sentiment and environmental analysis, and real-time personalization. Its configurable systems are built for business customers, including regulated and complex industries, with initial commercialization in health care and planned expansion across hospitality, insurance, advertising and media. In an audit report dated April 15, 2026, L J Soldinger Associates, LLC, included a going concern qualification for Brand Engagement Network Inc., citing an accumulated deficit of about $55.6 million as of Dec. 31, 2025, a net loss of about $8.6 million for 2025 and about $5.1 million of net cash used in operating activities. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, Brand Engagement Network reported total assets of $16.31 million, total liabilities of $9.03 million, and total stockholders' equity of $7.28 million. BRD LAND: Seeks to Hire Cole Hayes Law as Litigation Counsel ------------------------------------------------------------ BRD Land & Investment and its affiliates seek approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ Cole Hayes Law as special bankruptcy litigation counsel. The firm will render these services: a. review, analysis and pursuit of the Debtors' avoidance actions and other causes of action; b. evaluate causes of action against counterparties to unconsummated land purchase agreements and unconsummated land sale agreements; c. evaluate action against the Debtors' prepetition lenders; and d. review and analyze professional fees of all professionals retained in the Chapter 11 Cases. Cole Hayes will charge $490 per hour for legal work. The firm will seek reimbursement of actual, necessary expenses and other charges. Cole Hayes is a disinterested person within the meaning of Sections 327, 330, and 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Cole Hayes, Esq. COLE HAYES LAW 601 S. Kings Drive, Suite F PMB #411 Charlotte, NC 28204 Phone: (980) 416-4266 Email: info@colehayeslaw.com About BRD Land & Investment BRD Land & Investment filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30215) on February 24, 2026, listing $10,000,001 to $50 million in assets and $50,000,001 to $100 million in liabilities. Judge Laura T Beyer presides over the case. Matthew L Tomsic, Esq., at Rayburn Cooper Durham P.A., and GreerWalker, LLP serve as the Debtor's legal counsel and financial advisor, respectively. The official committee of unsecured creditors appointed in the Debtors' cases tapped Fox Rothschild, LLP as legal counsel and IslandDundon, LLC as financial advisor. BRIGHTLINE TRAIN: Secures More Time as Loan Talks Progress ---------------------------------------------------------- Alicia McElhaney of WSJ Pro reports that Brightline has secured additional time to negotiate bankruptcy financing after reaching an agreement with holders of $985 million in commuter bonds to defer a scheduled interest payment from July 1 to July 15. According to a securities filing, the bonds are supported by future commuter rail access revenue, giving the company temporary flexibility as restructuring discussions continue. The Florida-based passenger rail operator separately paid interest due on its senior municipal bonds and secured notes using cash reserves, according to people familiar with the matter. Brightline, which is backed by Fortress Investment Group, has been seeking ways to restructure approximately $5.5 billion in debt after cautioning earlier this year that its financial condition raised going-concern concerns, the report cites. Creditors continue negotiating possible debtor-in-possession financing, though no definitive agreement has been reached. The company recently bolstered its liquidity by increasing a private notes offering to $43.1 million, nearly doubling the previously announced $22.2 million transaction. A portion of the initial financing was provided by Assured Guaranty, the insurer of certain Brightline operating company obligations, according to report. Brightline is simultaneously exploring alternatives to reorganize its balance sheet outside of bankruptcy while keeping Chapter 11 available if negotiations fail. Any railroad bankruptcy would proceed under specialized provisions requiring appointment of a government trustee. Meanwhile, the company continues to face litigation arising from rail-related accidents and fatalities, although several cases remain unresolved and no liability has been determined, the report relays. About Brightline Train Florida Brightline offers high-speed rail between Miami, Fort Lauderdale, and Orlando. BWX TECHNOLOGIES: S&P Upgrades ICR to 'BB+' on Strategic Expansion ------------------------------------------------------------------ S&P Global Ratings raised its issuer credit rating on BWX Technologies Inc. (BWXT) to 'BB+' from 'BB'. S&P said, "At the same time, we raised our issue-level rating on the company's unsecured debt to 'BB+' from 'BB-' and revised the recovery rating to '4' from '5'. The '4' recovery rating indicates our expectation for average (30%-50%; rounded estimate: 30%) recovery in the event of a default. "The stable outlook reflects our view that, given its strategic investments, BWXT is well positioned to benefit from the market tailwinds driving strong demand across both of its key segments. We expect an expansion in the company's top line and its realization of improved operating efficiencies will enable it to gradually improve its credit metrics." BWXT benefits from the strong demand within both and government and commercial sectors, and made timely strategic investments in manufacturing expansion. The company's robust earnings, positive cash flow and balanced funding of recent acquisitions have enabled it to maintain moderate credit metrics, Strong demand and merger and acquisition (M&A) activity to spur growth over the next 12-24 months. S&P said, "We anticipate BWXT will robustly expand its revenue over the medium term, supported by strong demand across both of its segments. We forecast government spending will remain strong, bolstered by sustained funding for the U.S. Navy's Columbia- and Virgina-class submarine programs and Ford-class aircraft carrier program. We also expect BWXT's ancillary operations, such as naval nuclear fuel production and the ramp up of the Domestic Uranium Enrichment Centrifuge Experiment (DUECE) and the High Assay Low Enrichment Uranium (HALEU) program and defense fuels programs, will be key to its near-term revenue expansion." U.S. defense spending allocated toward Navy nuclear programs is a critical aspect to BWXT's growth, given as about 70% of the company's government operations revenue base is related to such programs. The company's commercial operations will likely be an increasingly material source of growth as utilities invest in reactor life-extension projects, new build nuclear infrastructure, and fuel handling solutions. BWXT's 2025 acquisition of Kinectrics improves its ability to capture such demand, especially in markets such as Canada and beyond North America. S&P said, "As the sole supplier of many nuclear fuel technologies, we expect the company will benefit from expanding opportunities in nuclear fuel, advanced reactors, and the further development of medical isotopes over the medium term. In addition, we anticipate AI data center-driven power initiative will provide BWXT with long term growth opportunities that are key to expanding the scope of its nuclear technology expertise while also further diversifying its end customer base." S&P said, "With its recent manufacturing capacity investments and acquisition of Precision Components Group (PCG), we believe the company is well positioned to capture market share in the growing markets within both government and commercial sectors. Kinetrics and PCG will contribute meaningfully to its top line and we expect BWXT will remain active on the acquisition front. Contributions from recent acquisition and organic demand combine to drive our expectations for revenue growth to between 18% and 20% in 2026 and by between 10% and 12% in 2027. "Volume growth and recent capacity investments to support credit metric improvement over the next two years. We anticipate BWXT will improve its credit profile over the medium term, due to the expanding demand for nuclear energy and associated technologies. The company maintains a robust backlog of approximately $8.65 billion, with roughly 60% slated for recognition through 2027. As BWXT scales the volumes across both its government and commercial segments, we expect its unique capacity to produce high-margin nuclear materials essential to both of its sectors. Consequently, as the demand in the commercial end market increases, we expect BWXT's improved production mix will lead to a gradual expansion in its margin. This is further supported by management's ongoing initiatives to streamline its costs through focus on quality and timely delivery. We expect BWXT's S&P Global Ratings-adjusted EBITDA margins will be between 17% and 20% through 2027. Owing to its stable margin profile and volume growth, we estimate the company's funds from operations (FFO) to debt will be between 27% and 30% in 2026 before improving to between 29% and 32% in 2027. "Management's financial policy will focus on business growth over the medium term. BWXT's growth prospects are not dependent upon its development of new technology, given our expectation it can leverage its existing technology to satisfy market demand at least through the medium term. However, we expect the company will actively pursue M&A opportunities to complement its existing technology while helping expand the commercial applications of its nuclear technology. Furthermore, we expect BWXT will only marginally increase its dividend payouts over the next couple of years and only undertake opportunistic share repurchases as it allocates its capital toward growth initiatives. The company has utilized balance sheet cash to fund its most recent acquisition of PCG, and we expect balance sheet cash and positive cash flow to support further tuck in targets. "Though material debt-funded acquisitions are possible, we expect the company will maintain leverage within its public target range of between 2.0x and 3.0x through our forecast period. Though we expect BWXT will slightly raise its capex in 2026 and 2027 to between 6% and 7% of its revenue, we estimate the company will generate positive adjusted FOCF to the point that FOCF to debt measurers between 14%-16% through 2027 owing to its stable margins. There are no material debt maturities until late 2028, which we anticipate the company will refinance. "The stable outlook reflects BWXT's strong market position in the nuclear fuel technology markets, which has enabled it to benefit from the strong demand across both its government and commercial operating segments. "We could lower our rating on BWXT if its FFO to debt falls below 20% or its debt to EBITDA exceeds 3.0x and we expect metrics to remain at these levels." This could occur if: -- The company experiences difficulty integrating its recent acquisitions; -- Supply chain or reactor construction constraints cause its margins to contract; or -- Management pursues a more-aggressive financial policy, including large debt-funded actions or elevated dividends or share buybacks. S&P could raise its ratings on BWXT in the next 12 months if its FFO to debt comfortably exceeds 30% while its debt to EBITDA remains comfortably below 3.0x and S&P expects it to sustain these metrics. This could occur if: -- The company expands its commercial segment revenue faster than anticipated; -- It expands its EBITDA margins beyond our forecast; or -- Management allocates cash toward paying down debt. CAMP MYSTIC: Employs Epiq Corporate as Claims, Noticing Agent ------------------------------------------------------------- Camp Mystic, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. The firm will provide these services: (a) serve as Claims and Noticing Agent in the chapter 11 cases; (b) provide the services outlined in the Engagement Letter; and (c) provide effective notice of pleadings and orders to parties in interest. The Debtors will pay a $25,000 retainer upon approval of the Application by the Court. Epiq agrees to maintain records of all services showing dates, categories of services, fees charged, and expenses incurred, and shall submit monthly invoices to the United States Trustee, counsel for any official committee, and any party-in-interest requesting service. Epiq Corporate Restructuring, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, as modified by Section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached at: Epiq Corporate Restructuring, LLC 777 Third Avenue, 12th Floor New York, NY 10017 About Camp Mystic, LLC Camp Mystic operates as a private Christian summer camp for girls, offering summer camping programs focused on personal development, self-esteem, spirituality, friendships, and life skills. Established in 1926, the camp is located in Hunt, Texas, near the Guadalupe River and Cypress Creek, about 18 miles northwest of Kerrville. Camp Mystic was founded by University of Texas coach "Doc" Stewart and offers multiple summer sessions for campers. Camp Mystic, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90621) on June 24, 2026. At the time of the filing, Camp Mystic, LLC had estimated assets of between $1,000,001 and $10 million and liabilities of between $10,000,001 and $50 million. Judge Christopher M. Lopez oversees the case. Vartabedian Katz Hester & Haynes LLP is Debtor's legal counsel. CAREVIEW COMMUNICATIONS: Extends Debt Maturity to Sept. 30 ---------------------------------------------------------- CareView Communications, Inc. announced in a regulatory filing that it has entered into a Fifteenth Amendment to its Credit Agreement, extending the Maturity Date to September 30, 2026. As previously reported, the Company, CareView Communications, Inc., a Texas corporation and a wholly owned subsidiary of the Company, and PDL Investment Holdings, LLC (as assignee of PDL BioPharma, Inc.), in its capacity as administrative agent and lender entered into that certain Credit Agreement as of June 26, 2015. The Company, Borrower and Lender are sometimes referred to herein collectively as the "Parties." The Parties subsequently entered into a Modification Agreement to the Credit Agreement as of February 2, 2018. The Parties thereafter entered into amendments to the Modification Agreement, specifically the First Amendment to MA as of May 31, 2018 through the Thirtieth Amendment to MA as of April 29, 2023. The Parties also entered into amendments to the Credit Agreement, specifically the First Amendment to CA as of October 7, 2015 through the Fourteenth Amendment to CA as of March 30, 2026. As of June 30, 2026, the Company, the Borrower, the Lender, Steven G. Johnson, President and Chief Executive Officer of the Company, and Dr. James R. Higgins, a director of the Company, entered into a Fifteenth Amendment to CA, pursuant to which the parties agreed to amend the Credit Agreement to provide that the Maturity Date shall be extended to September 30, 2026. A full text copy of the Fifteenth Amendment to Credit Agreement is available at https://tinyurl.com/4upx9n7y About CareView Communications Headquartered in Lewisville, Texas, CareView Communications, Inc. -- http://www.care-view.com-- is a provider of products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. Somerset, New Jersey-based Rosenberg Rich Baker Berman P.A., the Company's auditor since 2022, 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 incurred recurring losses from operations and has an accumulated deficit, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $4.79 million in total assets, $48.41 million in total liabilities, and $43.62 million in total stockholders' deficit. CELSIUS NETWORK: Ex-GC's Suit Against Former Execs Tossed --------------------------------------------------------- Clara Geoghegan of Law360 Bankruptcy Authority reports that a U.S. Bankruptcy Court judge in New York dismissed a former Celsius Network LLC general counsel's lawsuit accusing three former executives of corporate oversight failures, concluding that the claims were derivative of injuries suffered by the company. Because those claims became property of the bankruptcy estate, they were released under Celsius' confirmed Chapter 11 plan. The court found the former executive could not pursue claims that properly belonged to the debtor, regardless of how the allegations were framed. The judge held that the bankruptcy plan's release provisions prevented individual litigation over those estate claims, the report states. The decision further narrows litigation arising from Celsius' bankruptcy by reaffirming that estate claims remain under the control of the reorganized debtor or designated estate representatives. The ruling effectively ends the former executive's case against the three defendants, according to report. About Celsius Network Celsius Network LLC -- http://www.celsius.network/-- is a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, as well as by engaging in proprietary trading. Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Celsius has a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. The Celsius Wallet claims to be one of the only online crypto wallets designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins (when they're lent out). Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But the lenders' business model came under scrutiny after a sharp sell-off in the crypto market spurred by the collapse of major tokens terraUSD and luna in May 2022. New Jersey-based Celsius froze withdrawals in June 2022, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. The list of major crypto firms that have filed for bankruptcy protection in 2022 now includes Celsius Network, Three Arrows Capital and Voyager Digital. Celsius Network, LLC and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex Mashinsky, the Debtors estimated assets and liabilities between $1 billion and $10 billion. The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as special counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Stretto is the claims agent and administrative advisor. On July 27, 2022, the U.S. Trustee appointed an official committee of unsecured creditors. The committee tapped White & Case, LLP as its bankruptcy counsel; Elementus Inc. as its blockchain forensics advisor; M3 Advisory Partners, LP as its financial advisor; and Perella Weinberg Partners, LP as its investment banker. Shoba Pillay, Esq., is the examiner appointed in the Debtors' Chapter 11 cases. Jenner & Block, LLP and Huron Consulting Services, LLC, serve as the examiner's legal counsel and financial advisor, respectively. * * * On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates. The Effective Date of the Plan occurred January 31, 2024. CENTRIC BEHAVIORAL: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: Centric Behavioral Health, LLC 3221 NW 10th Terrace, Suite 502 Oakland Park, FL 33309 Business Description: Centric Behavioral Health provides mental health, substance abuse, and dual-diagnosis treatment through inpatient, outpatient, partial hospitalization, intensive outpatient, supportive housing, and aftercare programs. The company has locations in Florida and Tennessee and serves areas including Connecticut, Georgia, Maryland, Massachusetts, North Carolina, New York, Ohio, Pennsylvania, and South Carolina. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-18873 Debtor's Counsel: Zach B. Shelomith, Esq. SHELOMITH LAW 2699 Stirling Rd, Suite C401 Fort Lauderdale, FL 33312-6598 Tel: (954) 920-5355 Email: zbs@lss.law Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Evan Prager as manager. 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/ERX7DIA/Centric_Behavioral_Health_LLC__flsbke-26-18873__0001.0.pdf?mcid=tGE4TAMA CHAFIN AGENCY: Hires The Smeberg Law Firm as Counsel ---------------------------------------------------- The Chafin Agency, LLC, Steven D. and Kristine N. Chafin seek approval from the U.S. Bankruptcy Court for the Western District of Texas to hire The Smeberg Law Firm, PLLC to serve as legal counsel. The firm will provide these services: (a) assist, advise, and represent the Debtors in obtaining pre-plan relief; (b) assist, advise, and represent the Debtors in the confirmation process; (c) assist, advise, and represent the Debtors in completing monthly MORs; (d) assist, advise, and represent the Debtors in adversary litigation as further agreed with the Debtors; (e) appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of the Debtors before said Courts and the United States Trustee; and (f) perform all other necessary legal services in this case. The firm received a pre-petition retainer of $15,000. Of that amount, $3,476 was used to pay the filing fee, $9,647.50 was applied to pre-petition bankruptcy-related fees, and $1,876.50 remains in trust. The engagement agreement also provides hourly billing rates of $200 for paralegals, $325 for junior attorneys, $375 for associate attorneys with 10 or more years of experience, and $250 for accounting professionals. The Smeberg Law Firm, PLLC is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings. The firm can be reached at: Ronald J. Smeberg, Esq. THE SMEBERG LAW FIRM, PLLC 4 Imperial Oaks San Antonio, TX 78248 E-mail: ron@smeberg.com Website: www.smeberg.com About The Chafin Agency, LLC The Chafin Agency, LLC, a San Antonio, Texas-based insurance agency and brokerage, operates as an Allstate-affiliated insurance agency serving customers in Spring Branch, Texas. As of June 2026, the company maintained active licensing with the Texas Department of Insurance. The Chapter 11 filing follows financial challenges that included the termination of its elector plan in April 2026 and the management of an approximately $1 million SBA loan. The Chafin Agency, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51806) on July 1, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Aubrey L. Thomas handles the case. The Debtor is represented by Ronald Smeberg, Esq., of The Smeberg Law Firm. CHINN BAKER: Amends Plan to Include Ch'Vonne Baker Disputed Claim ----------------------------------------------------------------- Chinn Baker Properties, LLC submitted a Second Amended Disclosure Statement describing Amended Plan of Reorganization dated June 30, 2026. At the time of the bankruptcy filing, CBP had one bank account with PNC Bank holding $6,300.00. The Debtor has since closed this account and is utilizing a debtor in possession account at Truist. The balance in this account as of December 31, 2025 was $658.39. The only other asset of the estate is the Property, which the Debtor listed in its schedules as having a value of $670,000.00. The Debtor's primary liabilities are held by MMG Investments VI, LLC, who has a First Deed of Trust against the Property securing a note with a balance of $336,902.44 as of the petition date. In addition, MMG Investments VI, LLC has a Second Deed of Trust against the Property securing a note with a balance of $98,650.86 as of the petition date. MMG called the promissory note secured by the Second Deed of Trust in March 2025 as this was a demand note. MMG demanded immediate payment of the entire outstanding balance. In addition, MMG sought to sell the Property at foreclosure and scheduled a foreclosure sale for October 8, 2025 which was cancelled as a result of Debtor's bankruptcy filing. The unsecured debts of CBP consist of a property tax claim in the amount of $3,639.93 to the Arlington County Treasurer and a tax claim of $6,805.00 owed to the Internal Revenue Service. There was also a quiet title action filed by Robert B. Baker and Len'nard Baker in the Arlington County Circuit Court with respect to the Property, Baker, et al v. Baker, et al, Case No. CL25-4618. Similarly, Cha'Vonne Baker, the executor of the estate of Robert Bernard Baker, Jr. has filed a proof of claim in this case in the amount of $2,550,000.00 asserting an equitable lien on the Property for the entire claim. The "purchase price" under the Asset Purchase Agreement signed by Cha'Vonne Baker as executor between the decedent's estate and CBFS was $521,000.00, which included a release by Aaliyah Baker and Shawn Baker (the two members of CBFS) of any and all claims or distributions from the decedent's estate up to $171,000.00. For the remainder of the purchase price, $325,000.00 was paid at closing from the MMG loan and CBFS/Shawn Baker caused a payment of $25,000.00 to be made to the decedent's estate from Lucrative Intelligence. In addition, these parties paid amounts beyond the agreed upon consideration in the form of paying other outstanding debts of the decedent's estate. On October 8, 2025, Robert B. Baker and Len'nard Baker filed the Complaint to Quiet Title in the Arlington County Circuit Court, Case No. CL 25004618-00, with respect to the real property located at 2605 S. Shirlington Road, Arlington, VA 22206, which is the primary asset of the bankruptcy estate. The lawsuit seeks a declaration that CBP, among other defendants, has "no right, title, estate, lien or interest in or to the Property." This is a significant claim since the Debtor derives substantially all if not all of its income from leasing the Property. The Debtor filed its Chapter 11 case to restructure its debt after the Property was placed in foreclosure by the secured lender holding two deeds of trust against the Property, MMG Investments VI, LLC. Debtor filed this case to put off a foreclosure sale that was scheduled a day prior to the bankruptcy filing. In order to preserve the value of its estate and to restructure its debt, Debtor filed a petition under Chapter 11 of the Bankruptcy Code. Debtor seeks by virtue of this Plan to retain the Property as well as its lease with Lucrative Intelligence so that it can continue operating the funeral home and paying rental income to the Debtor. Class 5 of the Plan consists of the disputed equitable lien claim in the amount of $2,550,000.00 of Cha'Vonne Baker, as executrix for the estate of Robert Baker. This claim shall only be paid to the extent allowed in equal monthly installments from the first month after the Effective Date until April 15, 2032. Debtor does not anticipate any payment of this claim as it is wholly disputed. This class of claims is impaired. Class 6 consists of the 100% equity interest of Shawn Baker in the Debtor. Mr. Baker shall retain his 100% equity interest in the Debtor. This class of claims is unimpaired. The Debtor's Plan depends upon the continued operation of its tenant and its ability to receive consistent rental income from the Property. The Debtor proposes to fund its Plan of Reorganization by contributing rental income received from its operation of the Property, namely from its tenant Lucrative Intelligence. Debtor shall also seek to refinance the Property prior to the end of the Plan or otherwise obtain contributions from its principal Shawn Baker, to payoff the first and second deeds of trust of MMG in full on or before April 15, 2032, when the First Deed of Trust matures and the Chapter 11 Plan term expires. It is projected that this funding will be sufficient to make the proposed payments contained in his Plan of Reorganization. A full-text copy of the Second Amended Disclosure Statement dated June 30, 2026 is available at https://urlcurt.com/u?l=JgF4q0 from PacerMonitor.com at no charge. Counsel to the Debtor: Jonathan B. Vivona, Esq. VIVONA PANDURANGI, PLC 601 King Street, Suite 400 Alexandria, VA 22314 Tel: (571) 969-6540 Fax: (703) 337-0490 Email: jvivona@vpbklaw.com About Chinn Baker Properties Chinn Baker Properties, LLC, is a company that owns the real property located at 2605 S. Shirlington Road, Arlington, VA 22206 (the "Property"). The Debtor filed Chapter 11 petition (Bankr. E.D. Va. Case No. 25-12069) on October 7, 2025, listing between $500,001 and $1 million in assets and between $100,001 and $500,000 in liabilities. Jonathan B. Vivona, at Vivona Pandurangi, PLC, is the Debtor's counsel. CIRCLE D TRUCK: To Employ Sussman & Moore as Legal Counsel ---------------------------------------------------------- Circle D Truck Sales, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Sussman & Moore, LLP to serve as legal counsel. The firm will provide these services: (a) assist the company in compliance with Title 11 of the United States Code; (b) assist in the formulation, confirmation and consummation of a plan of reorganization; (c) provide representation in any and all litigation at issue in the bankruptcy case; (d) advise the company throughout the duration of the bankruptcy case on all matters directly or indirectly affecting its reorganization; (e) advise the company on its rights and duties; (f) assist in the preparation of the Statement of Financial Affairs and Schedules; (g) appear before the Court on behalf of the company; (h) review the affairs, legal contracts and strategies of the company; (i) assist in the negotiation and formulation of a reorganization plan; and (j) take such other actions necessary to represent the company's interests in the bankruptcy proceeding. The firm will receive an hourly rate of $435 for attorney Weldon L. Moore, III and $150 for paralegal assistants. The firm also received a $25,000 retainer, which has been paid in full. Sussman & Moore, LLP is a "disinterested person" within the meaning of Section 327 of the Bankruptcy Code, according to court filings. The firm can be reached at: Weldon L. Moore, III, Esq. SUSSMAN & MOORE, LLP 2911 Turtle Creek Blvd., Ste. 1100 Dallas, TX 75219 Telephone: (214) 378-8270 Facsimile: (214) 378-8290 E-mail: wmoore@csmlaw.net About Circle D Truck Sales Inc. Circle D Truck Sales Inc. is a commercial truck dealership engaged in the sale, purchase, and distribution of new and used trucks and related transportation equipment. Circle D Truck Sales Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10143) on June 8, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Weldon L. Moore III, Esq. CLEAN ENERGY: Appoints Wang, Zhang to Board Effective June 21 ------------------------------------------------------------- Clean Energy Technologies, Inc., appointed Ruoxin (Skyler) Wang and Zhang Zhixiang to its board effective June 21, according to a Form 8-K filed with the Securities and Exchange Commission. Zhang, 58, has served as chief executive officer of China Ruifeng New Energy Holdings Limited since 2010 after joining that company in 2005. He previously served as a director of Lion Group Holding Ltd. from June 2020 through September 2025. Zhang graduated from the Central University of Finance and Economics in Beijing with a bachelor's degree in economics and previously worked at the Beijing branch of Industrial and Commercial Bank of China, the head office of China Everbright Bank and China Haohua Chemical (Group) Co., Ltd. Wang, 36, is an investment professional with more than a decade of institutional experience. She currently serves as sole global representative of the Art Coin Rock digital platform under RockArt Group and has been president of Rock Skyline LLC since December 2025. Wang was a financial adviser for Merrill Lynch from about October 2022 to March 2025 and a private financial adviser at JP Morgan Chase & Co. from 2019 through October 2022. The company said Wang will qualify as an independent director under Nasdaq's listing rules. About Clean Energy Clean Energy Technologies, Inc., provides clean-energy and engineering services through four reportable segments. The Irvine, California-based company's businesses include turnkey energy solutions, waste-heat recovery using its Clean Cycle generator, waste-to-energy projects that can produce electricity, renewable natural gas, hydrogen and biochar, and engineering, manufacturing and consulting services. Its CETY HK segment trades natural gas in China, and its engineering-solution segment provides electronics manufacturing and project-management services to original equipment manufacturers. In a June 4, 2026, audit report, TAAD, LLP included going-concern language for Clean Energy, citing conditions that raised substantial doubt about the company's ability to continue as a going concern. The auditor cited stockholders' equity of $6.25 million, working capital of $260,863 and an accumulated deficit of $35.3 million as of Dec. 31, 2025, as well as a net loss of $6.81 million and net cash used in operating activities of $7.92 million for the year ended Dec. 31, 2025. Management's plans included obtaining debt and equity financing, securing project-level financing, advancing the Vermont Renewable Gas project and other clean-energy initiatives, pursuing strategic opportunities and managing operating costs. As of Dec. 31, 2025, the company had $12.41 million in total assets, $6.17 million in total liabilities, and $6.25 million in total stockholders' equity. CLICKSPRING DESIGN: Seeks to Hire Hancock Firm as Valuation Expert ------------------------------------------------------------------ Clickspring Design, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Hancock Firm, LLC as valuation expert. The firm will prepare a written valuation report determining the business enterprise value (total value of invested capital on a debt-free, cash-free basis. The total fee for the written valuation reports will range between $14,500 and $16,500. This fee is based on the firm's standard hourly rates, which range from $140 to $950. The firm will require a retainer of $5,000 from the Debtor. Shea Hancock, a partner at Hancock Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Shea Hancock Hancock Firm, LLC 4601 Washington Avenue, Suite 280 Houston, TX 77007 Telephone: (713) 864-2800 About Clickspring Design Inc. Clickspring Design, Inc. is a design firm formed in 2006 by Erik Ulfers. It provides broadcast design, experiential design, TV show set and graphics design, and branded environment design for consumer and broadcast use. Its work includes immersive, narrative-based environments and participatory, content-rich programs for contexts including broadcasters, cities, corporations, institutions, and individuals. Clickspring Design sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04352) on May 1, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Glenn Erik Ulfers, chief executive officer, signed the petition. Judge Madeleine C. Wanslee presides over the case. Allan D. NewDelman, Esq., at Allan D. NewDelman, PC represents the Debtor as counsel. COAST TO COAST: Seeks to Extend Plan Exclusivity to Oct. 9 ---------------------------------------------------------- Coast to Coast Palm, LLC asked the U.S. Bankruptcy Court for the Southern District of Florida to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Oct. 9 and Dec. 8, 2026, respectively. The Debtor has made a determination that it is in the best interest of the estate to sell the assets of the Debtor instead of reorganizing. The Debtor has filed a Motion to Approve Bidding Procedures and it is currently scheduled for July 14. In light of this fact, the Debtor requests additional time to propose a plan so the plan will be as close to a representation of what the Debtor believes creditors will receive in this sale scenario. Marketing has not yet begun. The Debtor maintains that it would be in the best interest of the Debtor and the estate to file a consensual plan of liquidation with minimal amendments needed after an auction takes place. The Debtor requests an additional ninety days to file a plan through and including Oct. 9. The Debtor claims that it is not seeking this extension to delay the administration of the case and pursuant to Section 1121(e)(1) of the Bankruptcy Code, is normally allowed 180 days to file its plan. The Debtor's request for extension of the Exclusive Periods is reasonable given the Debtor's progress to date and the fact that the Debtor is moving to a liquidation. The Debtor does not believe that any creditors or parties in interest will be prejudiced by this extension. Coast to Coast Palm, LLC is represented by: Craig I. Kelley, Esq. KELLEY KAPLAN DELANEY & ELLER, PLLC 1665 Palm Beach Lakes Blvd., Suite 1000 West Palm Beach, FL 33401 Telephone: (561) 491-1200 Facsimile: (561) 684-3773 E-mail: bankruptcy@kelleylawoffice.com About Coast to Coast Palm Coast to Coast Palm, LLC, doing business as Coast to Coast Linen, provides commercial linen and textile rental and laundering services, supplying items such as uniforms and linens to business customers. The company operates from West Palm Beach, Florida, serving clients in the surrounding South Florida region. It operates within the industrial laundry and linen supply services industry. Coast to Coast Palm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10247) on Jan. 12, 2026. At the time of the filing, the Debtor listed between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Mindy A. Mora oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC is the Debtor's legal counsel. CONTROLLED CHAOS: Seeks to Hire Truman Mox Inc. as Appraiser ------------------------------------------------------------ Controlled Chaos Energy Services, LLC received final approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to hire Truman Mox, Inc. as appraiser. The firm's services include: (a) inspecting and appraising the Debtor's vehicles, tractors, trailers, and equipment; (b) preparing a written appraisal report setting forth the value of such property; (c) consulting with the Debtor and counsel regarding valuation matters; and (d) testifying as an expert witness, if necessary, with respect to the appraisal. The appraiser has agreed to perform the foregoing services for a flat fee of $3,200. Joseph Marino, president of Truman Mox, Inc., assured the court that the firm is a "disinterested person" within the meaning of Sec. 101(14) of the Bankruptcy Code. The firm can be reached through: Joseph A. Marino Truman Mox, Inc. 240 Park Place Chagrin Falls, OH 44022 Phone: (888) 494-3433 About Controlled Chaos Energy Services LLC Controlled Chaos Energy Services LLC is a Bellaire, Ohio-based energy-services and transportation company that provides trucking, brine-water hauling and field-support services for oil-and-gas operations in Ohio, West Virginia and Pennsylvania. The company operates a fleet of heavy-duty trucks and trailers, including Peterbilt, Freightliner, Western Star, Kenworth and Mack vehicles, and serves energy-sector customers that require transportation and related oilfield logistics support. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W.V. Case No. 26-00331) on May 6, 2026. In the petition signed by Frederick A. Lang, IV, owner, the Debtor disclosed $581,137 in total assets and $1,302,384 in total liabilities. Judge David L. Bissett oversees the case. Ryan W. Johnson, Esq., at Johnson Legal Services, PLLC, represents the Debtor as bankruptcy counsel. COOL LIFE: Section 341(a) Meeting of Creditors on July 10 --------------------------------------------------------- On June 16, 2026, Cool Life CRM, Inc. commenced a Chapter 11 bankruptcy case in the Middle District of North Carolina. Court records indicate the company has approximately $2.18 million in liabilities, including $402,000 in secured obligations, and 1-49 creditors. A meeting of creditors under Section 341(a) to be held on July 10, 2026 at 02:00 PM at (CH-11) Zoom Meeting, https://www.ncmba.uscourts.gov/zoom341s. The List of Equity Security Holders and the Statement of Financial Affairs are both due by June 30, 2026. About Cool Life CRM, Inc. Headquartered in Sanford, North Carolina, Cool Life CRM, Inc. provides cloud-based CRM and fintech software for financial professionals. Its platform integrates customer relationship management, virtual data rooms, financial document management, and marketing automation for investment banking firms, M&A advisors, and nonprofit organizations. Cool Life CRM, Inc. filed under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-80195) on June 16, 2026. The petition lists assets of $141,356 and liabilities totaling $2,176,085. The Debtor is represented by Samantha K. Brumbaugh, Esq., of Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP. CORELOGIC INC: S&P Rates Proposed First-Lien Term Loan 'B-' ----------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to CoreLogic Inc.'s (Cotality) proposed first-lien term loan due 2031. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of a payment default. S&P said, "The proposed term loan is part of CoreLogic's plan to refinance its debt capital structure, which we expect will not be materially leveraging. Concurrent with the proposed transaction, we believe the company will extend and upsize its revolver, which will be pari passu with the new first-lien term loan and other first-lien secured debt. While the amounts are still to be decided, we expect the term loan and other new first-lien secured debt will total $4.28 billion. We also expect Cotality will issue second-lien secured debt to complete the refinancing. "Our 'B-' issuer credit rating and stable outlook on Cotality are unchanged. The company's leverage was 8.9x as of the quarter ended March 31, 2026, and we forecast it will improve to 8.3x by the end of the year. We estimate it will generate positive free cash flow over the next 12 months even with the higher expected pro forma interest expense. "Cotality increased revenue by about 13% and S&P Global Ratings-adjusted EBITDA by almost 8% in the first quarter of 2026. We expect the company will grow EBITDA margin by about 150 basis points this year due to operating leverage from faster top-line growth than previously expected, as well as continued corporate expense rationalization. "We believe Cotality is well-positioned to fend off potential AI-native competitors primarily because of its robust data assets amassed over decades. It also has a breadth of solutions, deep industry expertise, and strong customer relationships, as well as its own AI capabilities. This year, it rolled out CoreAI, an AI solution supported by the company's proprietary unified property data. Still, the competitive landscape is rapidly evolving and we will continue to monitor." Issue Ratings--Recovery Analysis Key analytical factors The company's pro forma debt capital structure will include: -- A new first-lien revolving credit facility, which S&P expects the company to upsize from its existing $414.9 million capacity -- $4.28 billion in new first-lien secured debt due 2031 -- $1.0 billion of other second-lien secured indebtedness expected S&P rates all first-lien secured debt 'B-' with a '3' recovery rating, indicating its expectation for meaningful recovery (50%-70%; rounded estimate: 60%) in the event of default. Other factors include: -- S&P's simulated default in 2028 would primarily result from a failure in services or technological capabilities that lead to customer defections, accompanied by increased competition amid a slowdown in mortgage origination, ultimately hindering profitability and demand for CoreLogic's products and services. -- CoreLogic Inc. is the borrower under the first- and second-lien secured and unsecured credit facilities. -- In a default scenario, S&P believes Cotality would reorganize to maximize value to creditors, given its embedded position in the mortgage markets and strong brand recognition. -- S&P values the company on a going-concern basis using a 6.5x multiple of its projected emergence EBITDA. -- S&P modestly increased its estimate of the company's valuation at default to reflect acquisitions made in recent years and the growth in its EBITDA base. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: About $498 million -- EBITDA multiple: 6.5x -- Gross enterprise value: About $3.2 billion -- Revolving credit facility: 85% drawn at default Simplified waterfall -- Net enterprise value (after 5% administrative costs): About $3.1 billion -- Valuation split in (obligors/nonobligors): 95%/5% -- Total first-lien debt: about $4.8 billion -- Collateral value available to first-lien debt: About $3.0 billion --Recovery expectations: 50%-70% (rounded estimate: 60%) COSTAL DEVELOPMENT: Court Extends Cash Collateral Access to Aug. 6 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division issued a fourth interim order allowing Costal Development Group, LLC to continue using cash collateral through August 6. Under the fourth interim order, the Debtor is authorized to use cash collateral for court-approved expenses and necessary operating costs outlined in an approved budget, with flexibility of up to 10% per line item. Additional expenditures may be made with written consent from Libertas Funding, LLC, the secured creditor. This authorization is limited to a four-week period but may be extended by agreement of the parties and court approval. As protection, Libertas will be granted replacement liens on post-petition cash collateral with the same validity and priority as its prepetition liens. Additionally, the Debtor must provide detailed reporting, including the status of construction projects, payment obligations to subcontractors, and information about potential or pending new projects; comply with all duties of a debtor-in-possession, including U.S. Trustee reporting requirements; and maintain proper insurance coverage. The order preserves the rights of all parties to seek further protections or challenge liens, and the Court retains jurisdiction. A continued hearing is scheduled for August 6. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/MdbYf from PacerMonitor.com. About Costal Development Group LLC dba Covenant Development Group Costal Development Group LLC dba Covenant Development Group sought protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:26-bk-01353-TPG) on February 27, 2026. At the time of the filing, Debtor had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. LATHAM, LUNA, EDEN & BEAUDINE, LLP is Debtor's legal counsel. CREATIVE REALITIES: Richard Mills Holds 11.9% Equity Stake ---------------------------------------------------------- Richard C. Mills, disclosed in a Schedule 13D (Amendment No. 3) filed with the U.S. Securities and Exchange Commission that as of June 30, 2026, he beneficially owns 1,703,927 shares of Common Stock, par value $0.01 per share (sole voting power and sole dispositive power), consisting of: (i) 952,601 shares beneficially owned by Mr. Mills individually, which includes 502,601 shares held directly by Mr. Mills and 450,000 shares issuable upon the future settlement of a restricted stock unit award granted to Mr. Mills, of which 150,000 shares are vested and 300,000 are unvested; (ii) 722,001 shares issuable upon the exercise of outstanding vested options owned by Mr. Mills individually; and (iii) 29,325 shares owned by RFK Communications, LLC, over which Mr. Mills serves as the sole manager and has sole voting and investment power, of Creative Realities, Inc.'s Common Stock, par value $0.01 per share, representing 11.9% of the 13,097,892 shares of Common Stock outstanding as of June 30, 2026, as reported in the prospectus supplement dated June 29, 2026 to the Company's Registration Statement on Form S-3 (SEC File No. 333-296498), plus 722,001 shares of Common Stock issuable upon exercise of vested options to purchase shares of Common Stock beneficially owned by Mr. Mills and 450,000 shares issuable upon the future settlement of a restricted stock unit award granted to Mr. Mills. Richard C. Mills may be reached through: Richard C. Mills Creative Realities, Inc. 13100 Magisterial Drive Suite 201 Louisville, KY 40223 Tel: 502-791-8800 A full-text copy of Richard C. Mills's SEC report is available at https://tinyurl.com/yha57hbu About Creative Realities Headquartered in Louisville, Ky., Creative Realities -- https://cri.com/ -- designs, develops and deploys digital signage-based experiences for enterprise-level networks utilizing its Clarity, ReflectView, and iShowroom Content Management System (CMS) platforms. The Company is actively providing recurring SaaS and support services across diverse vertical markets, including but not limited to retail, automotive, digital-out-of-home (DOOH) advertising networks, convenience stores, foodservice/QSR, gaming, theater, and stadium venues. In addition, the Company assists clients in utilizing place-based digital media to achieve business objectives such as increased revenue, enhanced customer experiences, and improved productivity. This includes the design, deployment, and day to day management of Retail Media Networks to monetize on-premise foot traffic utilizing its AdLogic and AdLogic CPM+ programmatic advertising platforms. As of December 31, 2025, the Company had $151.04 million in total assets, $101.85 million in total liabilities, $27.69 million in temporary equity, and $21.50 million in total stockholders' equity. Cincinnati, Ohio-based Grant Thornton LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company is experiencing difficulty due to the accumulated deficit, negative working capital, recurring losses and use of cash in operations, which raises substantial doubt about its ability to continue as a going concern. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. CRESCENT CO-OP: Seeks to Hire Hammond Law Firm as General Counsel ----------------------------------------------------------------- Crescent Co-Op Association seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Hammond Law Firm to handle its Chapter 11 case. The firm will be paid at these hourly rates: Gray Hammond, Attorney $550 Olivia Kilby, Attorney $250 Legal Assistants and Law Clerks $100 In addition, the firm will seek reimbursement for expenses incurred. Mr. Hammond disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Gary D. Hammond, Esq. Hammond Law Firm 512 NW 12th Street Oklahoma City, OK 73103 Telephone: (405) 232-6358 Facsimile: (405) 232-6358 Email: gary@okatty.com About Crescent Co-Op Association Crescent Co-Op Association filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-12056) on June 18, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The Debtor tapped Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC and Gary D. Hammond, Esq., at Hammond Law Firm as counsel. DAMIS HOLDINGS: Seeks Approval to Hire Faegre Drinker as Counsel ---------------------------------------------------------------- DAMIS Holdings LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to retain Faegre Drinker Biddle & Reath LLP as their counsel. The firm will provide these services: (a) advise the DAMIS Debtors with respect to their powers and duties in the continued management and operation of their businesses and properties; (b) advise and consult on the conduct of the Chapter 11 Cases, including the legal and administrative requirements of operating in chapter 11; (c) attend meetings and negotiate with representatives of creditors and other parties-in-interest; (d) take all necessary actions to protect and preserve the estates, including investigating and prosecuting actions, defending actions or objecting to claims, and representing the Debtors in negotiations concerning litigation; (e) prepare pleadings, including motions, applications, answers, orders, reports, and other papers necessary or beneficial to the administration of the estates; (f) represent the Debtors in connection with obtaining use of cash collateral and/or debtor-in-possession post-petition financing; (g) advise the Debtors in connection with potential bid procedures and a bankruptcy sale process pursuant to section 363 of the Bankruptcy Code; (h) appear before the Court and any appellate courts to represent the interests of the estates; (i) provide legal advice and legal services with respect to corporate governance, the interpretation, application, or amendment of material contracts, organizational documents, and matters involving officers, directors, and managers; (j) negotiate, prepare and obtain approval of a disclosure statement and confirmation of a chapter 11 plan and related documents, if applicable; (k) provide legal advice and legal services with respect to litigation, tax, and other general legal issues; and (l) perform all other necessary legal services in connection with the Chapter 11 Cases, including analyzing leases and contracts and the assumption or rejection thereof, analyzing the validity of liens, and advising on business operations and litigation matters. The firm intends to apply for compensation on an hourly basis and reimbursement of expenses, subject to Court approval. Current hourly rates range from $1,170 to $1,675 for partners, $760 to $1,105 for associates and counsel, and $580 for paraprofessionals. The firm has not received any payments from the company in the year preceding the Petition Date. Faegre Drinker Biddle & Reath 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 estates, according to court filings. Pursuant to the U.S. Trustee Large Chapter 11 Case Fee Guidelines, the firm states: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: Faegre Drinker has not agreed to a variation of its standard or customary billing arrangements for this engagement. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: None of the Firm's professionals included in this engagement have varied their rate based on the geographic location of the Chapter 11 Cases. Question: If you represented the client before the bankruptcy filing, disclose your billing rates and material financial terms, including any changes. Answer: Faegre Drinker was not retained until after the commencement of the Chapter 11 Cases. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Answer: The DAMIS Debtors are in the process of developing a standard 13-week prospective budget and will be approving a staffing plan for Faegre Drinker’s engagement for the post-petition period as appropriate. In accordance with the Large Case Fee Guidelines, the budget and staffing plan may be amended as necessary to reflect changed or unanticipated developments. The firm can be reached at: Michael P. Pompeo, Esq. FAEGRE DRINKER BIDDLE & REATH LLP 600 Campus Drive Florham Park, NJ 07932-1047 Telephone: (973) 549-7000 Facsimile: (973) 360-9831 E-mail: michael.pompeo@faegredrinker.com - and - Ian J. Bambrick, Esq. Patrick A. Jackson, Esq. Sarah E. Silveira, Esq. FAEGRE DRINKER BIDDLE & REATH LLP 222 Delaware Ave. Suite 1410 Wilmington, DE 19801 Telephone: (302) 467-4200 Facsimile: (302) 467-4201 E-mail: ian.bambrick@faegredrinker.com patrick.jackson@faegredrinker.com sarah.silveira@faegredrinker.com About Damis Holdings LLC Damis Holdings LLC is a Trumbull, Connecticut-based owner and operator of summer camp facilities and related recreational businesses operating through multiple affiliated entities. Damis Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16439) on June 4, 2026. In its petition, the Debtors reported estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The Honorable Bankruptcy Judge Christine M. Gravelle handles the cases. The Debtors are represented by Michael D. Sirota, Esq. of Cole Schotz P.C. The Debtors' financial advisor and investment banker is B. Riley Securities. The Debtors' claims and noticing agent is Kroll Restructuring Administration LLC. DENTISTAR P.C.: Gets Final OK to Use Cash Collateral ---------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois entered a final order authorizing Dentistar P.C. to continue using cash collateral. Under the final order, the Debtor is authorized to use the cash collateral of its secured creditors including Hanmi Bank, Huntington National Bank, Ready Capital and the U.S. Small Business Administration to pay the expenses set forth in its budget, subject to a 5% variance. The four-week budget projects total operational expenses of $100,162.01. As a condition of using cash collateral, Dentistar must make monthly adequate protection payments, consisting of $3,539 to the SBA, $3,086.03 to Hanmi Bank, $5,826.67 to Ready Capital, and $11,759.29 to Huntington National Bank. If any payment is not made by the 15th of the month, the applicable lender must issue a written notice of default, and the Debtor will have seven days to cure the default. Failure to cure will automatically entitle the affected lender to relief from the automatic stay without further court order. To protect the secured lenders' interests, the order requires Dentistar to provide reasonable access to its books, records, collateral, and supporting documentation upon request. The Debtor must also properly maintain and manage its collateral throughout the bankruptcy proceedings. The court further granted Hanmi Bank, Huntington National Bank, Ready Capital, and the SBA replacement liens and security interests on substantially all of Dentistar's existing and after-acquired assets, including accounts receivable, inventory, equipment, general intangibles, refunds, credits, and related proceeds. These replacement liens retain the same validity, priority, and extent as the lenders' prepetition liens, and the Debtor is authorized to execute any documents necessary to reflect those security interests. The order is available at https://tinyurl.com/hyspb74c About Dentistar P.C. Dentistar, P.C. is a dental practice located in Glenview, Illinois. Founded in 2013, the practice provides general, cosmetic, pediatric, orthodontic, implant, denture, and emergency dental services. Its offerings include exams, cleanings, X-rays, treatment planning, veneers, tooth whitening, braces, retainers, pain relief, broken tooth care, and denture repair. Dentistar filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-07914) on May 6, 2026, with up to $50,000 in assets and up to $10 million in liabilities. Sam Shin, president of Dentistar, signed the petition. Judge Daniel R. Fine oversees the case. Ben Schneider, Esq., at The Law Offices of Schneider & Stone, represents the Debtor as bankruptcy counsel. Ira Bodenstein serves as Subchapter V trustee for the Debtor. DESIGN MOVES: Seeks to Tap Cuenant & Pennington as Legal Counsel ---------------------------------------------------------------- Design Moves LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Cuenant & Pennington PA as counsel. The firm's services include: (a) advise and counsel the Debtor concerning the operation of its business in compliance with Chapter 11 and orders of this court; (b) prosecute and defend any causes of action on behalf of the Debtor; (c) prepare, on behalf of the Debtor, all necessary legal papers; (d) assist in the formulation of a plan of reorganization and preparation of a disclosure statement; and (e) provide all services of a legal nature in the field of bankruptcy law. Winston Cuenant, Esq., an attorney at Cuenant & Pennington, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Winston I. Cuenant, Esq. Cuenant & Pennington, PA 101 NE 3rd Avenue, Suite 1500 Fort Lauderdale, FL 33301 Telephone: (954) 766-4271 Facsimile: (954) 379-4454 Email: winston@cuenantlaw.com About Design Moves LLC Design Moves LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17625) on June 10, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Scott M. Grossman presides over the case. Winston I. Cuenant, Esq. at Cuenant & Pennington PA represents the Debtor as legal counsel. DILIGENT DELIVERY: Gladstone Virtually Writes Off $13M 2L Loan -------------------------------------------------------------- Gladstone Investment Corporation has marked its $13,000,000 loan extended to Diligent Delivery Systems to market at $512,000 or 4% of the outstanding amount, according to Gladstone Investment's 10-K for the fiscal year ended May 12, 2026, filed with the U.S. Securities and Exchange Commission. Gladstone Investment Corporation is a participant in a secured second lien loan extended to Diligent Delivery Systems. The Loan accrues interest at a rate of SOFR+ 9.0 %, 12.7 % Cash per annum. The Loan matures on January 2027. Gladstone Investment Corporation is a corporate issuer in the leveraged finance market. The Fund is led by David Dullum as Chief Executive Officer, Taylor Ritchie as Chief Financial Officer and Treasurer, and David Gladstone as Chairman of the Board Directors. The Fund can be reached at: David Dullum Gladstone Investment Corporation 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Telephone: (703) 287-5800 About Diligent Delivery Systems Diligent Delivery Systems is a nationwide transportation and logistics provider. DIOCESE OF EL PASO: Plan Exclusivity Period Extended to Oct. 5 -------------------------------------------------------------- Judge Christopher G. Bradley of the U.S. Bankruptcy Court for the Western District of Texas extended the Catholic Diocese of El Paso's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Oct. 5 and Dec. 1, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that the complexity of the Chapter 11 Case constitutes sufficient cause to extend the Exclusive Periods. Here, as of the Petition Date, the Diocese was defending twelve pending lawsuits involving eighteen separate plaintiffs in multiple district courts in New Mexico related to alleged decades-old clergy sexual abuse of minors and it was believed that additional claims were likely to be made. In addition, due to the number of claims and diversity of jurisdictions, number of attorneys representing the Plaintiffs, issues regarding the scope and amount of insurance coverage with multiple insurance companies providing insurance coverage over multiple policy periods over a decade, and the unique nature of Diocesan cases and the interplay between civil and ecclesiastical law, plan negotiations are complex. The Debtor claims that despite the complexity and challenges of the Chapter 11 Case, the Diocese has made significant progress in the roughly two months since filing the Chapter 11 Case. The Diocese negotiated an intricate and consensual confidentiality protocol, agreed on a bar date and commenced notice of the same, obtained approval from the Court to continue the Diocese's essential services, negotiated a consensual form of protective order to govern discovery, sought and obtained the appointment of a mediator, and has continued negotiations toward the terms of a consensual plan of reorganization. The Motion is the Diocese's first request for an extension of the Exclusive Periods and is a modest request of approximately ninety days to file a plan and ninety days to solicit such plan. Continuing the Exclusive Periods will provide the Diocese a meaningful opportunity to negotiate with interested parties and to finalize, solicit, and confirm a plan. Further, given that these extensions will allow the Diocese to finalize the terms of a consensual plan, the extension is to the benefit of other parties in interest and will not prejudice such parties. Rather, the extension will further the Diocese's effort to preserve value and avoid litigation through a consensual plan for the benefit of all parties. The Catholic Diocese of El Paso is represented by: HUSCH BLACKWELL LLP Lynn Hamilton Butler, Esq. Tara T. LeDay, Esq. Jennifer Pollan, Esq. 111 Congress Avenue, Suite 1400 Austin, Texas 78701 Main No. (512) 472-5456 Fax No. (512) 479-1101 Email: lynn.butler@huschblackwell.com Email: tara.leday@huschblackwell.com Email: jennifer.pollan@huschblackwell.com - and - Francis H. LoCoco, Esq. 511 North Broadway, Suite 1100 Milwaukee, WI 53202 Telephone (414) 273-2100 Facsimile (414) 223-5000 Email: frank.lococo@huschblackwell.com About Roman Catholic Diocese of El Paso Roman Catholic Diocese of El Paso, Texas, oversees parishes and Catholic institutions in the El Paso region. Roman Catholic Diocese of El Paso, Texas, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-30311) on March 6, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. Bankruptcy Judge Christopher G. Bradley handles the case. Husch Blackwell LLP, is the Debtor's counsel. DNA X: Signs $8.1MM Securities Purchase Deal With DNA Holdings -------------------------------------------------------------- DNA X, Inc. announced in a regulatory filing that it entered into a securities purchase agreement with DNA Holdings Venture, Inc., a holder of more than 5% of the Company's outstanding capital stock and an entity associated with Scott Walker, a member of the Company's board of directors, pursuant to which the Company agreed to issue and sell, in a private placement, 1,346,531 shares of non-voting Series B Convertible Preferred Stock, par value $0.001 per share, at a purchase price of $6.00 per share, for an aggregate offering price of $8.1 million consisting of $5.0 million in cash and the cancellation of $3.1 million of the outstanding balance under a convertible promissory note issued to DNA Holdings in May 2026. Concurrently with the entry into the Purchase Agreement, the Company and DNA Holdings entered into a registration rights agreement providing DNA Holdings with customary registration rights with respect to the shares of Common Stock, par value $0.001 per share, issuable upon the conversion of the Series B Preferred Stock. The closing of the sale and issuance of the Series B Preferred Stock is subject to the satisfaction of customary closing conditions. The gross proceeds of the initial issuance of Series B Preferred Stock are estimated to be approximately $5.0 million, before deducting offering expenses payable by the Company. The Company intends to use the net proceeds from the Transaction for working capital and general corporate purposes, subject to certain restrictions set forth in the Purchase Agreement. Pursuant to the Certificate of Designation of Preferences, Rights and Limitations of the Series B Convertible Preferred Stock to be filed with the Secretary of State of the State of Delaware in connection with the Transaction, each share of Series B Preferred Stock will have a stated value of $6.00 per share. The Series B Preferred Stock will be automatically converted into shares of Common Stock on the first trading day following the approval by the Company's stockholders of the issuance of the Common Stock issuable upon such conversion at an initial conversion price equal to the stated value, subject to certain adjustments set forth in the Certificate of Designation. Prior to the obtainment of the Stockholder Approval, the Series B Preferred Stock will not be convertible into shares of Common Stock. Additional information on the Certificate of Designation and the terms of the Series B Preferred Stock is set forth under Item 5.03 of this Current Report on Form 8-K. The shares of Series B Preferred Stock will be issued in a private placement transaction exempt from the registration requirements of under the Securities Act of 1933, as amended, and have not been registered under the Securities Act, and until so registered neither the Series B Preferred Stock nor any shares of Common Stock issuable upon conversion thereof may be offered or sold absent registration or availability of an applicable exemption from registration. There is no established public trading market for the Series B Preferred Stock, and the Company does not intend to list the Series B Preferred Stock on any national securities exchange or nationally recognized trading system. Pursuant to the Registration Rights Agreement, the Company has agreed to file, within 30 calendar days after the obtainment of the Stockholder Approval, a resale registration statement on Form S-3 (or Form S-1 if Form S-3 is not available) providing for the resale by DNA Holdings of the shares of Common Stock issuable upon conversion of the Series B Preferred Stock, and to use commercially reasonable efforts to cause such resale registration statement to be declared effective as soon as practicable but in any event no later than the earlier of: (a) the 30th calendar day following the Filing Date of the registration statement (or the 60th calendar day following the Filing Date if the U.S. Securities Exchange Commission notifies the Company that it will conduct a "full review" of the registration statement and (b) the fifth business day after the date the Company is notified (orally or in writing, whichever is earlier) by the SEC that the registration statement will not be "reviewed" or will not be subject to further review. The Company further agreed to take all steps necessary to always keep such registration statement effective until all Registrable Shares have been resold or until there remain no Registrable Shares. The Company has agreed to pay liquidated damages upon certain failures to meet the deadlines set forth above or to keep the resale registration statement continuously effective, as more particularly described in the Registration Rights Agreement. The Purchase Agreement contains certain representations and warranties, covenants and indemnities customary for similar transactions. The representations, warranties and covenants contained in the Purchase Agreement were made solely for the benefit of the parties to the Purchase Agreement and may be subject to limitations agreed upon by the contracting parties. Pursuant to the Purchase Agreement, the Company has agreed to certain restrictions on the issuance and sale of shares of the Company's securities until the obtainment of the Stockholder Approval, subject to certain exceptions. The Purchase Agreement also grants to DNA Holdings the right to participate in future equity and debt financings for a period of twelve months, subject to a participation cap equal to 50% of the principal amount of securities sold in such financings and other exceptions and limitations set forth in the Purchase Agreement. At the closing of the Transaction, the Company expects to enter into an advisory and promote agreement with DNA Holdings, Scott Walker and Brock Pierce pursuant to which, among other things, the Consultants will provide services related to the promotion and development of the Company's DNA-X platform and agree not to engage in certain prohibited activities competitive with the Company during the term of the Consulting Agreement and for a period of one year thereafter in exchange for consideration consisting of an aggregate of 2,494,000 shares of Common Stock, to be issued to the Consultants following the obtainment of the approval of such issuances by the Company's stockholders. Certificate of Designation and Designation of Series B Preferred Stock Pursuant to the terms of the Purchase Agreement, the Company plans to file the Certificate of Designation with the Delaware Secretary of State designating 1,350,000 shares of its authorized and unissued preferred stock as Series B Preferred Stock, each with a Stated Value of $6.00 per share. The Certificate of Designation sets forth the rights, preferences and limitations of the shares of Series B Preferred Stock. Terms not otherwise defined in this item shall have the meanings given in the Certificate of Designation. The following is a summary of the terms of the Series B Preferred Stock: Dividends. Subject to the terms and conditions in the Certificate of Designation, dividends will be payable on shares of Series B Preferred Stock equal, on an as-converted-to-Common-Stock basis, disregarding any conversion limitations under the Certificate of Designations), to and in the same form as dividends paid on shares of Common Stock when, as and if such dividends are paid on shares of Common Stock. No other dividends will be paid on shares of Series B Preferred Stock. Voting Rights. The Series B Preferred Stock has no voting rights; provided, however, that the Company shall not, without the affirmative vote of the holders of a majority of the then outstanding shares of Series B Preferred Stock: (a) alter or change adversely the powers, preferences or rights given to the Series B Preferred Stock or alter or amend the Certificate of Designation, (b) create any equity securities that are senior in preference or liquidation to the Series B Preferred Stock, (c) amend its certificate of incorporation or other charter documents in any manner that adversely affects any rights of the holders of Series B Preferred Stock, (d) increase the number of authorized shares of Series B Preferred Stock, or (e) enter into any agreement with respect to any of the foregoing. Liquidation. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company (any such event, a "Liquidation"), the holders of shares of Series B Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Company available for distribution to its stockholders, before any payment shall be made to the holders of any other shares of capital stock of the Company by reason of their ownership thereof, an amount in cash equal to one times (1x) the Stated Value, together with any dividends declared but unpaid. Fundamental Transactions. In the event of any: (i) merger or consolidation of the Company with or into another person or entity, (ii) direct or indirect sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of the Company's assets, (iii) purchase offer, tender offer or exchange offer accepted by the holders of 50% or more of the outstanding Common Stock, (iv) reclassification, reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchange for other securities, cash or property, or (v) stock purchase or other business combination pursuant to which a person or entity acquires more than 50% of the outstanding shares of Common Stock, then, upon any subsequent conversion of the Series B Preferred Stock, the holder shall have the right to receive, for each share of Common Stock that would have been issuable upon such conversion immediately prior to the occurrence of such Fundamental Transaction, the number of shares of common stock of the successor or acquiring corporation or of the Company (if it is the surviving corporation), and any additional consideration receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which the Series B Preferred Stock is convertible as of immediately prior to such Fundamental Transaction. The Company is obligated to cause any successor entity in a Fundamental Transaction in which the Company is not the survivor to assume in writing all of the obligations of the Company under, and to take certain other steps set forth in, the Certificate of Designation. Redemption. Shares of Series B Preferred Stock are not redeemable at the option of the Company or the holder thereof. Full text copies of the Certificate of Designation (including the terms of the Series B Preferred Stock), Purchase Agreement and Registration Rights Agreement are available at https://tinyurl.com/3bx5a8ke, https://tinyurl.com/3edt4353 and https://tinyurl.com/2v8hs977, respectively. No statement in this report or the attached exhibits is an offer to sell or a solicitation of an offer to purchase the Company's securities, and no offer, solicitation or sale will be made in any jurisdiction in which such offer, solicitation or sale is unlawful. About DNA X, INC. DNA X, Inc. -- https://www.dnax.us/ -- was incorporated in the state of Delaware on August 5, 1999 under the name Sonim Technologies Inc., and is headquartered in San Diego, California. Effective January 23, 2026, the Company changed its name to DNA X, Inc. The Company operates a cryptocurrency trading service that operates on the internet and allows customers to trade cryptocurrencies and to implement strategies to buy and sell pairs of cryptocurrencies. Until January 23, 2026, the Company operated a cell phone and mobile hotspot manufacturing business. The assets of the phone and mobile hotspot business were sold to Pace Car Acquisition LLC on January 23, 2026. As of March 31, 2026, the Company had $4.84 million in total assets, $4.92 million in total liabilities, and $983 thousand in total stockholders' deficit. San Jose, CA-based Baker Tilly US, LLP, issued a "going concern" qualification in its report dated April 14, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company is subject to the risks and uncertainties associated with operating a cryptocurrency trading platform, including the ability to attract new customers and keep existing customers from moving their business to other competitors. Further, the Company is not currently generating enough cash to cover the Company's overhead, and as such, the Company must secure capital by either issuing equity or through debt. These conditions raise substantial doubt about its ability to continue as a going concern. DREAMS AND DESTINATIONS: Gets Extension to Access Cash Collateral ----------------------------------------------------------------- Dreams and Destinations, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. The court issued a fifth interim order authorizing the Debtor to use cash collateral strictly for ordinary operating expenses under an approved budget, subject to a 10% variance. The Debtor may not use funds to pay pre-bankruptcy debts unless specifically authorized. The four-week budget shows total operational expenses of $7,219 for the week ending July 7; $18,916 for the week ending July 14; $4,623 for the week ending July 21; $30,358 for the week ending July 27. As of filing, the Debtor's cash collateral consisted mainly of approximately $7,526.20 in bank accounts and receivables. Secured debts include about $197,380 owed to the U.S. Small Business Administration (first-priority lien) and roughly $30,700 owed to PayPal Loan Builder (second-priority lien). As adequate protection, secured creditors will receive replacement liens on post-petition assets to the extent of cash collateral actually used and any resulting diminution in value. The Debtor must also maintain insurance, preserve collateral, comply with reporting obligations, and make a $200 adequate-protection payment to the SBA during the interim period. Creditors retain the right to challenge liens, claims, or collateral valuation at later stages. Authorization to use cash collateral will terminate if the Debtor's Chapter 11 case is dismissed or converted, a reorganization plan is confirmed, the Debtor defaults and fails to cure within the allowed period, or business operations cease. The next hearing is set for July 27. The fifth interim order is available at https://shorturl.at/mZr0k PacerMonitor.com. Dreams and Destinations, founded in 2001, operates a romance-travel agency specializing in honeymoons and destination weddings, working through independent travel advisors and supplier commissions. The filing aims to restructure debt while allowing the business to continue operations and serve clients. The Debtor experienced financial distress primarily due to the COVID-19 pandemic, which eliminated projected revenue and forced the business to incur debt to cover operating expenses. Although travel demand later returned, economic uncertainty, delayed bookings, and reduced cash reserves created unsustainable financial pressure by late 2025. About Dreams and Destinations Inc. Dreams and Destinations, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10095) on February 13, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Benjamin A. Kahn oversees the case. Samantha K. Brumbaugh, Esq., at Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP represents the Debtor as legal counsel. DUNE UNION: Charles Persing of Bederson Named Subchapter V Trustee ------------------------------------------------------------------ The U.S. Trustee for Region 2 appointed Charles Persing, a certified public accountant at Bederson, LLP, as Subchapter V trustee for Dune Union Inc. Mr. Persing will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Persing declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Charles N. Persing, CPA/CFF, CVA, CIRA, CFE Bederson LLP 100 Passaic Avenue, Suite 310 Fairfield, NJ 07004 Phone: (973) 530-9181 Fax: (862) 926-2481 Email: cpersing@bederson.com About Dune Union Inc. Dune Union, Inc. is a New York, New York-based full-service restaurant operator. It operates the Kiku Sushi brand located at 235 9th Avenue in Manhattan, serving Japanese cuisine in a dine-in restaurant setting. Dune Union Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11558) on June 30, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $100,000 and $500,000. The Debtor is represented by Leonard Xavier Gillespie, Esq., at the Law Office of Leonard X. Gillespie, Attorney At Law. DYNASTY FAB: Commences Chapter 11 Bankruptcy in Michigan -------------------------------------------------------- On June 17, 2026, Dynasty Fab, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Michigan. According to court filings, the debtor reports between $1 million and $10 million in assets, between $1 million and $10 million in liabilities, and between 50 and 99 creditors. About Dynasty Fab, LLC Dynasty Fab, LLC is a fabrication, machining, and specialty welding company founded in 2017. The company operates in Roseville, Fraser, and Detroit, Michigan, and Chickasaw, Alabama. It provides services including titanium welding, large machining, turnkey solutions, and 3-axis and 5-axis machine shop capabilities. Dynasty Fab, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46909) on June 17, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Paul R. Hage handles the case. The debtor is represented by John J. Stockdale, Jr., Esq., of Schafer and Weiner, PLLC. DYNASTY FAB: Seeks to Hire Harmon Partners as Financial Advisor --------------------------------------------------------------- Dynasty Fab, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ Harmon Partners, LLC as financial advisor. The firm will render these services: (a) assist in complying with financial reporting requirements of the bankruptcy court and bankruptcy process; (b) assist in drafting a disclosure statement, if required, and financial projections; (c) assist in developing a plan of reorganization, sale process, or other process; and (d) perform other such tasks as are reasonable and necessary as agreed upon by both the firm and the Debtor. The firm will be paid at a sum of $7,500 monthly as its professional fees, plus reimbursement. The firm received a total of $32,000 from the Debtor within the 12 months before the Petition Date. John Dimovski, a managing partner at Harmon Partners, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John Dimovski Harmon Partners, LLC 300 Park Street, Suite 100 Birmingham, MI 4800 Telephone: (248) 723-7933 About Dynasty Fab LLC Dynasty Fab, LLC is a fabrication, machining, and specialty welding company founded in 2017. The company operates in Roseville, Fraser, and Detroit, Michigan, and Chickasaw, Alabama. It provides services including titanium welding, large machining, turnkey solutions, and 3-axis and 5-axis machine shop capabilities. Dynasty Fab serves industries and project areas including aerospace, defense, automation, infrastructure, maritime, gas and oil, R&D, agricultural, prototypes, telescope builds, and automotive. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46909) on June 17, 2026. In the petition signed by Zachary M. Jeakle, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Paul R. Hage oversees the case. The Debtor tapped John J. Stockdale, Jr., Esq., at Schafer and Weiner, PLLC as legal counsel and Harmon Partners, LLC as financial advisor. E F REALTY: Seeks Chapter 11 Bankruptcy for 2nd Time ---------------------------------------------------- On July 7, 2026, E F Realty Management 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 estimated liabilities between $1 million and $10 million owed to 1-49 creditors. The petition lists estimated assets between $500,000 and $1 million. Court records also indicate that the company previously sought Chapter 11 protection in November 2025, with that case remaining active through May 2026. About E F Realty Management LLC E F Realty Management LLC is a Hauppauge, New York-based single asset real estate company engaged in the leasing of nonresidential buildings. The company's primary asset is a commercial property located at 538 Broadhollow Road in Melville, New York. E F REALTY MANAGEMENT LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-74468) on November 19, 2025. In its petition, the Debtor reports estimated assets of $1 millionâ€“$10 million and estimated liabilities of $1 millionâ€“$10 million. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by Mark E. Cohen, Esq. of BFSNG Law Group LLP. 2nd Try E F Realty Management LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-72720) on July 7, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Honorable Louis A. Scarcella, U.S. Bankruptcy Judge, handles the case. The Debtor is represented by Ronald D. Weiss, Esq. ECOM AUTHORITY: Updates Liquidating Plan Disclosures ---------------------------------------------------- ECom Authority, LLC, submitted a Disclosure Statement in support of the Amended Plan of Liquidation dated June 29, 2026. The Plan is a liquidating plan. The Debtor is not reorganizing to do further business. The Plan contemplates that the Debtor will be liquidated and dissolved. A creditor's trust (the "Trust") will be formed under a Trust Agreement (the "Trust Agreement"), and a Trustee will be appointed to complete the inventory liquidation, prosecute the Causes of Action, and make distributions to creditors. Philip J. von Kahle, the Debtor's CRO, will serve as the initial Trustee. The Debtor believes that the Plan will allow for a prompt resolution of the Case and will achieve the best result for the holders of Allowed General Unsecured Claims classified in Class 2 of the Plan. The Plan is the product of the Debtor's work with Settle Funding, LLC ("Settle Funding"), the Estate's secured lender, and the Official Committee of Unsecured Creditors (the "Committee"). The Debtor urges all creditors entitled to vote on the Plan to vote in favor of the Plan. On October 17, 2025, the Debtor moved for authority to sell the Estate's inventory through auction and bulk sales free and clear of liens, claims, and encumbrances. On November 12, 2025, the Bankruptcy Court entered the Order Granting Debtor's Expedited Motion to (I) Approve Auction and Bulk Sales Free and Clear of Liens, Claims, and Encumbrances; (II) Approve Procedures for Store Owner Inventory; and (III) Shorten Notice (the "Sale Order"). Under the Settle Funding Agreement, the following amounts are paid from the sale proceeds of the Debtor Inventory free and clear of Settle Funding's Lien: (a) $110,000 per month to reimburse the Estate for expenses, including rent, insurance, and staffing at the Medley Warehouse; (b) reimbursement of Moecker Auctions' marketing expenses, not to exceed $20,000; and (c) 10% of the proceeds of all auction and bulk sales, retained by the Estate. Moecker Auctions is authorized to charge an 18% buyer's premium on Inventory sold by auction, of which 15% is retained by Moecker Auctions and 3% is paid to the online auction platform. Settle Funding has also agreed to subordinate 40% of any general unsecured deficiency claim to a priority and distribution below all Allowed General Unsecured Claims. The Sale Order also approved procedures for the sale of Store Owner Inventory ("Store Owners Sales"). Under those procedures, Store Owners who consented in writing (including by email) to the sale of their Store Owner Inventory received 60% of the net sale proceeds (after expenses and buyer's premiums) and the Estate retained 40%. On April 14, 2026, the Debtor filed its Motion to (I) Approve Modified Sale Procedures for Unreachable Store Owner Inventory and (II) Set Bar Date for Store Owner Claims to Sale Proceeds seeking authority to sell the inventory of the unreachable Store Owners on the same 60/40 terms approved in the Sale Order and to establish a bar date by which those Store Owners must claim their share of net proceeds. This Motion was granted by the Court on May 19, 2026 and set a bar date for unreachable store owner claims of July 18, 2026. Since entry of the Sale Order, the CRO and Moecker Auctions have conducted over 19 auctions and generated sales proceeds exceeding $2.2 million. Attached as Exhibit 1 to this Disclosure Statement is a table describing (a) the gross proceeds from sales of the Debtor Inventory; (b) the net proceeds available to the Estate from those sales under the Settle Funding Agreement; (c) the gross proceeds from sales of the Store Owner Inventory; and (d) the net proceeds available to the Estate from those sales after payment of the Store Owners' share. Like in the prior iteration of the Plan, each holder of an Allowed General Unsecured Claim in Class 2 will receive, after the Effective Date, a Pro Rata Share of the Distributions from the Trust Assets. This Class is impaired. Store Owners who have consented to the sale of Store Owner Inventory will be paid as soon as practicable after the Effective Date (or at such other time as is authorized by Court Order) their 60% share of net proceeds, after expenses and buyers' premiums, from the sale of their Store Owner Inventory in accordance with the Sale Order. The remaining 40% of such net proceeds is Property of the Estate. Any Store Owner who has not consented to the sale of their Store Owner Inventory must make arrangements with the Debtor prior to the Effective Date and the Trustee after the Effective Date to retrieve their Store Owner Inventory and may have to pay a storage fee. Any Store Owner with Store Owner Inventory shall have 30 days from the date of notice from the Debtor or the Trustee to retrieve their Store Owner Inventory or such inventory shall be deemed abandoned to the Estate, and the Estate may sell such inventory free and clear of such Store Owner's interest with 100% of the proceeds retained by the Estate. As of the date of this Disclosure Statement, 411 claims have been filed seeking a total amount of $46,775,147.04. This amount includes a secured claim filed by Settle Funding for $3,150,728 and $371,156.14 filed as priority claims. The Debtor will be objecting to the priority claims. The Settle Funding claim will be treated as provided in the Sale Order. The Plan will be implemented through a distribution of the proceeds of the liquidation of the Debtor Inventory, the prosecution of Causes of Action through the Trust, and the resolution of Claims by the Trustee. The Plan will be funded from Property of the Estate, including Cash on hand, Cash generated from the sale of the Debtor Inventory, and Cash realized from the Causes of Action. A full-text copy of the Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=5cb9ID from PacerMonitor.com at no charge. Ecom Authority, LLC is represented by: Michael S. Hoffman, Esq. Lessne Hoffman, PLLC 100 SE 3rd Avenue, 10th Floor Fort Lauderdale, FL 33394 Telephone: (954) 372-5759 Email: mhoffman@lessnehoffman.law Ecom Authority LLC Ecom Authority, LLC, is a wholesaler doing business in Texas. On July 9, 2025, Austin Collins and four other creditors filed an Chapter 7 involuntary petition against Ecom Authority (Bankr. S.D. Fla. Case No. 25-17808). The creditors are represented by Patricia A. Redmond, Esq., at Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. The Debtor filed a motion to convert the involuntary case from chapter 7 to chapter 11 pursuant to Local Rule 1013ÃƒÂ¢Ã‹â€ Ã¢â‚¬â„¢1(B). Judge Laurel M. Isicoff on Oct. 3, 2025, ordered that relief under chapter 11 of the Bankruptcy Code (Title 11 of the United States Code) is granted. The Debtor tapped Michael S. Hoffman, Esq., at Lesse Hoffman, PLLC as bankruptcy counsel; and Bast Amron, LLP and Phang & Feldman, PA as special litigation counsel. Guy Van Baalen, Acting U.S. Trustee for Region 21, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. The committee is represented by Markowitz, Ringel, Trusty & Hartog, P.A. EDEN HOME: Seeks to Hire Donna Este-Green as Attorney ----------------------------------------------------- Eden Home Care Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Donna Este-Green, Esq., an attorney practicing in New York, as special counsel in connection with its Chapter 11 case. The Debtor proposes to employ the attorney to assist in negotiations, initiate any necessary adversary proceedings, and provide other legal services related to its bankruptcy case. Ms. Este-Green received a retainer in the amount of $5,000. In a court filing, the attorney disclosed that she is "disinterested" as defined in section 101(14) of the Bankruptcy Code. Ms. Este-Green maintains an office at: Donna Este-Green, Esq. 25 Fairway Drive Hempstead, NY 11550 Phone: (516) 996-7900 Email: Destegreen@gmail.com About Eden Home Care Services, Inc. Eden Home Care Services, Inc. is a licensed home care services agency based in Brooklyn, New York. The company provides home care services including companion care, in-home care, nurse aide services, nursing services, medication care, physical therapy, nutrition counseling, respiratory therapy, occupational therapy, assistance with daily living activities, and private duty nursing. It serves the New York City and Long Island regions and collaborates with physicians, hospitals, and family members to create customized care plans. Eden Home Care Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-41991) on April 24, 2026. The petition lists estimated assets between $100,001 and $1,000,000 and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Elizabeth S. Stong is presiding over the case. The Debtor is represented by Donna Este-Green, Esq. EDGE ADHESIVES: Gladstone Investment Virtually Writes Off $9.2M 1L Loan ----------------------------------------------------------------------- Gladstone Investment Corporation has marked its $9,210,000 million loan extended to Edge Adhesives Holdings, Inc. to market at $613,000 or 7% of the outstanding amount, according to Gladstone Investment's 10-K for the fiscal year ended May 12, 2026, filed with the U.S. Securities and Exchange Commission. Gladstone Investment Corporation is a participant in a secured first lien loan extended to Edge Adhesives Holdings, Inc. The Loan accrues interest at a rate of SOFR+ 5.5%, 9.2% Cash per annum. The Loan matures on Aug. 2026. Gladstone Investment Corporation is a corporate issuer in the leveraged finance market. The Fund is led by David Dullum as Chief Executive Officer, Taylor Ritchie as Chief Financial Officer and Treasurer, and David Gladstone as Chairman of the Board Directors. The Fund can be reached at: David Dullum Gladstone Investment Corporation 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Telephone: (703) 287-5800 About Edge Adhesives Holdings, Inc. Edge Adhesives Holdings, Inc. is a leading manufacturer of rubber-based adhesive and sealing products with extensive capabilities in butyl technologies. EFFICIENT IRRIGATION: Seeks Subchapter V Bankruptcy in Texas ------------------------------------------------------------ On June 16, 2026, Efficient Irrigation Systems, LLC, a Plano, Texas-based irrigation and water management services provider, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Texas. According to court filings, the debtor reports between $1 million and $10 million in liabilities, between $100,000 and $500,000 in assets, and between one and 49 creditors. About Efficient Irrigation Systems, LLC Efficient Irrigation Systems, LLC provides irrigation and water management services throughout the Houston metropolitan area, including Harris, Fort Bend, and Montgomery counties. The company specializes in irrigation system installation, maintenance, and water conservation solutions, and has historically emphasized smart irrigation technology and weather-based controllers to improve water efficiency. Efficient Irrigation Systems, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42078) on June 16, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The Honorable Chief Judge Brenda T. Rhoades handles the case. The debtor is represented by Robert C. Lane, Esq., of The Lane Law Firm PLLC. ELECTRONIC LAB: John Rhyne Named Subchapter V Trustee ----------------------------------------------------- Brian Behr, the U.S. Bankruptcy Administrator for the Eastern District of North Carolina appointed John Rhyne as Subchapter V trustee for Electronic Lab Logs, Inc. Mr. Rhyne will be paid an hourly fee of $375 for his services as Subchapter V trustee. Mr. Rhyne disclosed in an affidavit that he does not have an interest materially adverse to the interest of Fuel Homestead's estate, creditors or equity security holders. The Subchapter V trustee can be reached at: John G. Rhyne P.O. Box 8327 Wilson, NC 27893 (252) 234-9933 About Electronic Lab Logs Inc. Electronic Lab Logs, Inc. operates LabLogs, a provider of laboratory operations software used to track maintenance tasks, quality control, lots, reagents, service reports, and related documentation across lab networks. The company is based in Wilmington, North Carolina, and its platform supports real-time tracking, automated alerts, centralized records, remote access, and performance dashboards. LabLogs serves laboratories worldwide by helping teams manage compliance records, reduce documentation errors, streamline workflows, and maintain inspection readiness. Electronic Lab Logs filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02957) on July 1, 2026, with $1,648,215 in assets and $2,498,674 in liabilities. Brian Fox, chief executive officer, signed the petition. Judge David M. Warren presides over the case. John A Northen, Esq., at Northern Blue, LLP represents the Debtor as legal counsel. ENDO INT'L: McKinsey Seeks Access to Docs in Opioid Sales Suit -------------------------------------------------------------- James Nani of Bloomberg Law reports that McKinsey & Co. is seeking broad internal corporate records from the bankruptcy trustee administering Endo International Plc's estate as it fights claims that its consulting advice fueled improper opioid marketing. The dispute centers on whether McKinsey can obtain documents that it says are critical to challenging the trustee's allegations. Court papers filed Monday, July 6, 2026, in the Southern District of New York Bankruptcy Court show McKinsey is requesting board materials, executive communications, and financial records concerning Endo's opioid business. The consulting firm argues the information will clarify the pharmaceutical company's own role in developing, approving, and implementing marketing strategies for Opana ER. According to McKinsey, the trustee's lawsuit places Endo's internal decision-making directly at issue. The firm maintains that reviewing company records will allow it to assess whether Endo independently authorized sales practices, understood the legal and regulatory risks, and exercised its own judgment rather than simply following outside consulting advice. The trustee has accused McKinsey of helping design aggressive opioid marketing strategies that allegedly increased the company's legal exposure and financial losses. McKinsey disputes those claims and argues that full discovery of Endo's internal documents is necessary before the litigation proceeds toward trial, the report states. About Endo International PLC Endo International plc (OTC: ENDPQ) is a generics and branded pharmaceutical company. It develops, manufactures, and sells branded and generic products to customers in a wide range of medical fields, including endocrinology, orthopedics, urology, oncology, neurology, and other specialty areas. On the Web: http://www.endo.com/ Endo International and certain of its subsidiaries initiated voluntary prearranged Chapter 11 proceedings (Bankr. S.D.N.Y. Lead Case No. 22-22549) on Aug. 16, 2022. On May 25, 2023, Operand Pharmaceuticals Holdco II Limited and Operand Pharmaceuticals Holdco III Limited each filed a voluntary Chapter 11 petition also in the U.S. Bankruptcy Court for the Southern District of New York. On May 31, 2023, Operand Pharmaceuticals II Limited and Operand Pharmaceutical III Limited each filed a voluntary Chapter 11 petition also in the Southern District of New York. The Company's cases are jointly administered before the Honorable James L. Garrity, Jr. Endo initiated the financial restructuring process after reaching an agreement with a group of its senior debtholders on a transaction that would substantially reduce outstanding debt, address remaining opioid and other litigation-related claims, and best position Endo for the future. This would allow the Company to advance its ongoing business transformation from a strengthened financial position to create compelling value for its stakeholders over the long term. Endo's India-based entities are not part of the Chapter 11 proceedings. The Company has filed recognition proceedings in Canada and expects to file similar proceedings in the United Kingdom and Australia. The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as legal counsel; PJT Partners, LP as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Kroll Restructuring Administration, LLC, is the claims agent and administrative advisor. A Website dedicated to the restructuring is at http://www.endotomorrow.com/ Roger Frankel, the legal representative for future claimants in the Chapter 11 cases, tapped Frankel Wyron LLP and Young Conaway Stargatt & Taylor, LLP, as legal counsels, and Ducera Partners, LLC, as investment banker. ENERGY TRANSFER: Fitch Rates Jr. Subordinated Notes Due 2057 'BB+' ------------------------------------------------------------------ Fitch Ratings assigns Energy Transfer LP's (ET) proposed offering of junior subordinated notes due 2057 a 'BB+' rating. Proceeds from this offering are expected to be used to redeem all or a portion of ET's outstanding 6.500% series H perpetual preferred units, to refinance existing indebtedness, and for general partnership purposes. ET's ratings reflect forecast leverage that is solidly positioned for the rating category, with fee-based activities comprising the vast majority of EBITDA and management taking a measured approach to growth opportunities. Volumetric risk remains a rating concern. Key Rating Drivers Opportunity Among Segments: ET has strong geographic and business line diversity and the most balanced segmental breakdown among Fitch's coverage. Fitch believes ET's diversity, large size and national scope provide opportunities to expand and make bolt-on acquisitions in coming years. As such, Fitch expects ET's growth capex to remain robust over the short to medium term, but these projects will drive EBITDA as new projects ramp up and come online. However, Fitch does not expect growth investments to be a credit risk. ET's historic run-rate leverage and measured approach to shareholder returns support Fitch's long-term view. Fitch expects ET to invest in growth projects while maintaining an acceptable leverage position within the rating category. Fitch also views the current project backlog as supportive of ET's operating strategy. Financial Policy: ET targets a leverage in the range of 4.0x-4.5x and has a track record of adhering to this policy. Generally, when discussing guidance and reiterating financial policy, the company has expressed its expectation to be at the lower end of this target range. Fitch forecasts 2026 leverage of approximately 4.2x. Interstate Pipelines Provide Stability: ET's Interstate Transportation and Storage segment maintains a steady EBITDA profile, primarily charging take-or-pay tariff rates set by the U.S. FERC. Fitch views FERC as an effective and impartial regulatory body. The Intrastate Transportation and Storage segment is likely to grow, driven by factors such as the newly sanctioned Hugh Brinson pipeline in Texas. Volume Growth Expected: Companies active in the gathering pipelines sub-segment, like ET, typically spend capex 10-18 months before customers drill new planned wells. Commodity price volatility can pressure production and drives volumetric risk for midstream companies. Recently, growth has steadied, benefiting ET and its Midstream segment. Fitch expects ET's system volumes to grow in the near to medium term as new projects come online and consistent with recent performance. Peer Analysis ET and Enbridge Inc. (Enbridge; BBB+/Stable) are the two largest midstream companies within Fitch's coverage. Favorably, neither company has a large direct sensitivity to commodity prices. Both have multiple business segments, each of which has appreciable scale and decent geographic diversity within North America production and demand areas. Both companies have seen and executed multiple acquisition opportunities over the past three years to expand their systems and expand their size and scale. From a revenue volatility perspective, Enbridge has less volume risk than Energy Transfer, as Enbridge has approximately 98% of cash flow coming from either regulatory rate orders or long-term take-or-pay contracts. Enbridge's leverage is expected to be higher than that of ET at around 5.2x EBITDA leverage in 2026. Fitch expects ET's leverage to be at approximately 4.2x in 2026. Enbridge is rated one notch above ET due to Fitch's view that Enbridge has modestly lower business risk, which more than offsets ET's lower leverage. Fitch’s Key Rating-Case Assumptions -Fitch Oil and Gas Price Deck; - Material volume growth across the assets that directly serve ET's large oil and gas producing regions; - FERC-regulated natural gas pipelines (wholly owned and partially owned), in aggregate, show an increase in EBITDA over the forecast period; - Growth capex and investments in joint venture capex shows an increase over the forecast time frame; - Distribution growth of approximately 5% per year; - Fitch Global Economic Outlook for interest rates. 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): - The business and financial profile factors are assessed (in the format of the 'assessment', followed by relative importance) as follows: Management ('bbb', low), Sector Characteristics ('bbb', moderate), Market and Competitive Positioning ('bbb+', moderate), Diversification and Asset Quality ('bbb+', moderate), Company Operational Characteristics ('bbb', high), Profitability ('bbb', moderate), Financial Structure ('bbb-', high), and Financial Flexibility ('bbb+', low). - The quantitative financial subfactors are assessed based on standard financial period parameters of 20% weight for the historical fiscal year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance assessment of 'Good' results in no adjustment. - The Operating Environment assessment of 'aa-' results in no adjustment. - The SCP is 'bbb'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage expected to be above 4.5x on a sustained basis, or any change to management's public guidance on its capital allocation and leverage ranges that would indicate a preference for increasing debt; - Unwillingness to fund growth capital needs in a credit-friendly manner; - A meaningful increase in business risk, e.g., sanctioning (without typical risk mitigation practices) multiple high complexity capex projects or pursuing large scale acquisitions that disproportionally increase leverage and/or business risk. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - EBITDA leverage expected to be sustained below 3.5x; - Significantly increasing the percentage of EBITDA from long-term take-or-pay/minimum volume commitment contracts. Liquidity and Debt Structure As of March 30, 2026, ET had $1.49 billion of borrowings on its $5 billion credit facility, all of which was commercial paper. Future available borrowing capacity was $3.45 billion. The credit facility matures in April 2029. Fitch views consolidated debt coming due in future years manageable for ET to service or refinance. Issuer Profile Energy Transfer LP is a U.S.-focused midstream company with a large presence in all the hydrocarbons, including crude oil, natural gas, natural gas liquids (NGLs) and refined products. Summary of Financial Adjustments According to Fitch's "Corporate Hybrids Treatment and Notching Criteria," ET's subordinated debt and preferred securities are treated as 50% debt and 50% equity. The referenced leverage metrics are adjusted as follows: consolidated balances and flows are used; distributions from investees accounted for under the equity method of accounting are included in EBITDA, while equity earnings from these entities are excluded. Fitch removes from ET's EBITDA the net income attributable to non-controlling interests. Fitch looks at a variety of leverage calculations but features the foregoing calculation in its commentary. Date of Relevant Committee 12-Jan-2026 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 Energy Transfer LP. 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 ----------- ------ Energy Transfer LP junior subordinated LT BB+ New Rating ENGINEERED MACHINERY: S&P Alters Outlook to Pos., Affirms 'B-' ICR ------------------------------------------------------------------ S&P Global Ratings affirmed all its ratings on Engineered Machinery Holdings Inc. (Duravant), including the 'B-' issuer credit rating and 'B-' issue-level rating on its first-lien term loans, and revised its outlook on the company to positive from stable. The positive outlook reflects S&P's view that Duravant's increased scale, good earnings growth, and track record of successfully integrating bolt-on acquisitions will translate into S&P Global Ratings-adjusted leverage improving to below 7.0x over the next 12 months and good FOCF generation. Duravant is increasing the scale of its operations while maintaining above-average EBITDA margins and integrating newly acquired businesses. S&P Global Ratings expects the company's larger size and EBITDA growth will drive S&P Global Ratings-adjusted leverage below 7.0x on a sustained basis, while incorporating future bolt-on acquisitions. Furthermore, Duravant is repricing its existing first-lien term loans and issuing an incremental fungible $450 million first-lien term loan, which it will use to fully repay its outstanding $375 million second-lien term loan and pay down borrowings on its revolving credit facility. S&P expects the transaction to modestly improve annual interest expense and support good free operating cash flow (FOCF) generation. S&P expects leverage to improve below its 7.0x threshold on a sustained basis, supported by Duravant's successful track record of integrating bolt-on acquisitions and its increased scale of operations. Since the large debt-funded acquisition of Foodmate--which drove S&P Global Ratings-adjusted leverage to a peak of 9.7x in 2021 from 6.3x in 2020--the company has steadily grown its scale, completing 14 acquisitions over the past five years. Between 2021 and 2025, its revenue grew 54% and S&P Global Ratings-adjusted EBITDA grew 64%. While integrating these acquisitions, Duravant successfully maintained S&P Global Ratings-adjusted EBITDA margins in the mid-20% area. Furthermore, the company has maintained mid- to high-single-digit percent annual revenue and EBITDA growth, driven by higher protein processing, solid demand for poultry, continued customer adoption of its automation products, and cross-selling opportunities. Consequently, as Duravant's scale of operations has increased, the impact of bolt-on acquisitions has become less detrimental to leverage. S&P said, "We believe it will continue to spend $150 million-$200 million for bolt-on acquisitions annually, rather than pursuing large-scale transformative mergers, allowing it to grow its EBITDA base incrementally without overwhelming its capacity for debt service. We therefore forecast S&P Global Ratings-adjusted leverage improving to around 7.0x by the end of 2026 and to 6.5x-7.0x in 2027, from 7.8x at the end of 2025. "Nevertheless, if Duravant were to pursue a more aggressive financial policy, such as undertaking large debt-funded acquisitions, we expect it would maintain S&P Global Ratings-adjusted leverage above 7x. That said, its most recent large debt-funded acquisition was its 2021 acquisition of Foodmate. Further risks to our forecast include integration risk during periods of rapid acquisitions or any unexpected slowdown in organic revenue growth or contraction in EBITDA margins. "We expect continued EBITDA growth, supported by good organic revenue growth, modest margin improvement, and acquisition contributions. We believe organic revenue will be fueled by rising demand within the industrial automation segment. Increased backlog in this segment supports our view that customers will increasingly adopt automation technologies to mitigate challenges related to labor costs and to improve productivity. "Furthermore, we expect the food automation business to grow in the mid- to high-single-digit percent area, supported by a healthy backlog, strength in the poultry market, and the conversion of higher bookings in large processed potato projects. "We assume S&P Global Ratings-adjusted EBITDA margins will increase to 27% in 2026, from 25.2% in 2025, and further expand toward 28% in 2027, driven by growth of the higher-margin food automation segment and aftermarket business within industrial automation, as well as cost savings initiatives across the business. While we anticipate some temporary pressure from restructuring and acquisition-related costs, we Duravant will benefit from improvement in operating leverage throughout 2026." The proposed financing transaction and continued EBITDA growth support healthy FOCF and adequate liquidity. The repriced first-lien debt and incremental first-lien term loan to repay the second-lien term loan will result in a modest reduction in interest expense, which will free up some cash for organic and inorganic investments. S&P said, "We forecast S&P Global Ratings-adjusted FOCF of $110 million-$130 million in 2026, up from $55.6 million in 2025, improving further to $170 million-$195 million in 2027. This incorporates our assumption for $50 million of annual working capital cash use through 2027 to support revenue growth and for capital expenditure (capex) maintained conservatively at approximately 1% of sales, consistent with historical averages. We expect Duravant will not issue shareholder dividends over the forecast. Our FOCF forecast supports our view that the company can pursue bolt-on acquisitions without materially increasing adjusted leverage. "The positive outlook reflects our expectations that Duravant's larger scale of operations, earnings growth, and track record of successfully integrating bolt-on acquisitions, partially offset by continued debt-funded acquisitions, will allow it to reduce S&P Global Ratings-adjusted leverage below 7.0x over the next 12 months and generate good levels of FOCF. "We could revise the outlook back to stable if the company implements a more aggressive financial policy and we expect S&P Global Ratings-adjusted leverage to remain above 7.0x or if FOCF turns negative. In addition, we could revise the outlook back to stable if weaker-than-expected operating performance causes FOCF or leverage to miss or delay our expectations for improvement. "We could raise our ratings on Duravant if it continues to grow EBITDA and establishes a track record of S&P Global Ratings-adjusted leverage below 7x on a sustained basis while maintaining good FOCF generation." ESGTHERM LLC: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- ESGTHERM, LLC received interim approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral to fund operations. Under the interim order, the Debtor is authorized to use cash collateral for operating expenses in accordance with the court-approved budget, which projects total weekly operational expenses of $30,415. The Debtor's authority to use cash collateral will terminate upon occurrence of so-called events of default, including failure to comply with the order, conversion of its Chapter 11 case to one under Chapter 7, and the appointment of a trustee with expanded operational powers. The Debtor's senior secured creditors are John Balaskonis and Valos Jelis who hold a loan originated in April 2022, with an outstanding amount of approximately $408,000. Additional secured creditors consist primarily of merchant cash advance lenders, including Funding Metrics, LLC and QFS Capital, LLC ($39,000), which claim approximately $93,000 and $39,000, respectively. The Debtor values its inventory, equipment, and goodwill at more than $537,000, and believes those assets are sufficient to satisfy the senior secured creditors but insufficient to provide value for the junior lienholders. Consequently, the merchant cash advance lenders are likely wholly unsecured and, therefore, are not entitled to adequate protection with respect to cash collateral. As adequate protection, senior secured creditors will receive replacement liens on substantially all post-petition assets, excluding Chapter 5 avoidance actions, and a potential superpriority administrative expense claim (if the replacement liens prove insufficient). The interim order preserves the rights of the U.S. Trustee, any creditors' committee, and other parties in interest to challenge the validity, priority, extent, or amount of the secured creditors' liens and claims through confirmation of a Chapter 11 plan. The order is available at http://bankrupt.com/misc/ESGTHERMLLC_ICCOrder16.pdf A final hearing is scheduled for July 20, with objections due by July 13. About ESGTHERM LLC ESGTHERM, LLC is a Budd Lake, New Jersey-based full-service restaurant operating under the trade name Budd Lake Diner. The restaurant offers dine-in, catering, and food delivery services through platforms such as DoorDash and Grubhub, and maintains daily operating hours from 6:00 a.m. to 8:00 p.m. ESGTHERM sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-17330) on June 25, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $1 million and $10 million. The Debtor is represented by David H. Stein, Esq., at Wilentz, Goldman & Spitzer, P.A. Joseph L. Schwartz serves as Subchapter V Trustee. ETHEMA HEALTH: Liabilities Exceed Assets by $9.6-Mil. at Dec. 31 ---------------------------------------------------------------- Ethema Health Corporation's stockholder's deficit was US$9.6 million at Dec. 31, 2025. The stockholder's deficit was US$7.5 million at Dec. 31, 2024. At Dec. 31, 2025, the Company had total assets of US$28.8 million and total liabilities of US$38.4 million. At Dec. 31, 2024, the Company had total assets of US$12.2 million and total liabilities of US$19.6 million. The Company stated that revenue was $18,764,817 and $6,017,204 for the years ended Dec. 31, 2025, and 2024, respectively, an increase of $12,747,613 or 211.9%. Revenues included $10,846,266 from the acquisition of the business of Edgewater Recovery Centers, LLC ("ERC"). Revenues from existing business was $7,918,551 and $6,017,204 for the years ended Dec. 31, 2025, and 2024, respectively, an increase of $1,901,347 or 31.6%. The Company said the increase is primarily due to the increase in patient count at the West Palm Beach facility and the acquisition of the Boca Raton rehab and detox facility during June 2024, which commenced revenue generating operations in January 2025, after obtaining all necessary regulatory approvals. The Company said: "Cash provided by financing activities was $0.08 million and $1.7 million for the years ended December 31, 2025 and 2024, respectively. During the current period, we raised $2.64 million from funding arrangements and repaid $2.56 million, a net movement of $0.08 million, we received an additional bank loan of $0.3 million and issued two promissory notes for an additional $0.3 million, additionally we repaid $0.17 million of short-term notes and $0.12 million in principal on bank loans. We repaid assumed liabilities of $0.16 million and promissory notes of $0.14 million. In the prior period the Company received $1.9 million and repaid $0.8 million of short-term notes and received $0.69 million and repaid $0.59 million from funding arrangements, we repaid $0.07 million of promissory notes, and in addition we received an advance of $0.25 million from related parties and $0.2 million from subscribers for common and preferred stock." Over the next twelve months, the Company estimates that it will require approximately $3.9 million in funding to repay its obligations other than convertible notes and promissory notes. The Company will need funding for working capital as it continues to seek additional opportunities for addiction treatment in the US markets. There is no assurance that the Company will be successful with future financing ventures, and the inability to secure such financing may have a material adverse effect on the Company's financial condition. In the opinion of management, the Company's liquidity risk is assessed as high. The Company stated that its accompanying consolidated financial statements have been prepared on a going-concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. For the year ended Dec. 31, 2025, the Company had a negative cash flow from operating activities of $0.03 million. As of Dec. 31, 2025, the Company had an accumulated deficit of $46.6 million, working capital deficiency of $13.8 million and total liabilities in excess of total assets of $9.6 million. These matters raise substantial doubt about its ability to continue as a going concern. The Company's management believes that current available resources will not be sufficient to fund its planned expenditures over the next 12 months. Accordingly, the Company will be dependent upon the raising of additional capital through placement of common shares, and/or debt financing in order to implement its business plan and generate sufficient revenue in excess of costs. A full-text copy of the Form 10-K is available at https://tinyurl.com/yckau7du About Ethema Health Corporation Ethema Health Corp. is a Colorado-based Company headquartered in West Palm Beach, Florida, focused on addiction treatment services in the United States. Originally established as an oil and gas exploration firm, the Company transitioned through various sectors, including electronics -- before shifting to healthcare. The Company now operates primarily through Evernia Health Services LLC, maintaining in-network relationships with healthcare providers to source most of its clients. FAIRFAX INVESTORS: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------------- Fairfax Investors, LLC and affiliates ask the U.S. Bankruptcy Court for the Western District of Oklahoma, Oklahoma City Division, for authority to continue using cash collateral in order to continue operating two multifamily apartment complexes while pursuing reorganization. The affiliated debtors -- Fairfax Investors, LLC, Fairfax Best Living, LLC, Woodland Oaks Best Living, LLC, and Woodland Oaks Investors, LLC -- each commenced Chapter 11 cases on June 12, 2026. Prior to bankruptcy, on February 4, 2026, an Oklahoma state court appointed a receiver over the Debtors' properties in litigation involving Saperean Capital IV TB Note Lender KD4, LLC. Although the Debtors continue operating as debtors-in-possession under Chapter 11, they remain subject to the receivership. The Debtors jointly own two apartment complexes: Fairfax Apartments in Midwest City, Oklahoma, and Woodland Oaks Apartments in Tulsa, Oklahoma. To preserve these income-producing properties and facilitate a successful reorganization, the Debtors assert that they must continue using post-petition rental income, which constitutes cash collateral under the Bankruptcy Code. The Debtor explains that Saperean Capital IV TB Note Lender KD4, LLC asserts a secured claim of approximately $68 million against each of the debtors, secured by substantially all of their assets, including rents and other cash proceeds. Because the anticipated tenant rent collections are subject to the lender's asserted security interests, the debtors require court authorization under 11 U.S.C. Section 363(c)(2) to use these funds. The requested authority would permit the Debtors to pay essential operating expenses, including payroll, property maintenance, utilities, overhead, and professional fees associated with the Chapter 11 cases. As adequate protection for the prepetition lender, the Debtors propose several safeguards designed to preserve the lender's collateral position during the use of cash collateral. They agree to limit expenditures to those identified in the approved budgets, subject to a 15% variance for individual budget line items and a 15% aggregate monthly variance. They also propose granting replacement liens, to the extent the lender held valid prepetition liens, on post-petition assets, excluding avoidance actions under Chapter 5 of the Bankruptcy Code. In addition, the Debtors will provide the lender with monthly budget-to-actual variance reports within twenty days after each month's end, allowing the lender to monitor financial performance and compliance with the budget. Unless further agreement is reached or additional court approval is obtained, authority to use cash collateral would terminate at the end of the interim period. A court hearing is scheduled for July 14. A copy of the motion is available at https://urlcurt.com/u?l=onHzio from PacerMonitor.com. About Fairfax Investors, LLC Fairfax Investors, LLC is a limited liability company based in Oklahoma. Public information regarding its operations is limited, but the company appears to function as an investment and asset-holding entity. Fairfax Investors, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11984) on June 12, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The Debtor is represented by Joyce W. Lindauer, Esq. of Lindauer & Vaughn. FALLS CONDOMINIUM: Stalking Horse Bidder for Condominium Sale OK'd ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Western District of Missouri has granted The Falls Condominium Property Owners Association, Inc. to designate stalking horse bidder and stalking horse bid protections in the sale of its Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is a not-for-profit corporation organized under the laws of the State of Missouri The Articles of Incorporation reflect that the Association was organized and exists to, among other things, to own operate, manage, lease, maintain, repair, and generally administer the affairs of the property and improvements located within Fairfield at the Falls Condominium, a condominium and time share regime located in Taney County, Missouri. The Court has authorized the Debtor to select and designate Huntley Ridge Branson LLC, a Missouri limited liability company as a stalking horse bidder for the Property. The Debtor represents that notice of the Motion and the Stalking Horse Agreement was appropriate and reasonably calculated to provide all interested parties with timely and proper notice, in compliance with all applicable requirements of the Bankruptcy Code, the Bankruptcy Rules, and the Local Rules. The Bidding Procedures Order authorizes the Debtor to select a Qualified Bidder as a stalking horse bidder for the Property by the Stalking Horse Deadline. The Debtor's determination that the Stalking Horse Bidder constitutes a Qualified Bidder, the Debtor’s determination that the Stalking Horse Agreement constitutes a Qualified Bid, and the Debtor's selection and designation of the Stalking Horse Bidder to act as the stalking horse bidder for the Property. The Breakup Fee in the amount of $162,000, which is equal to 3% of the Purchase Price and the Expense Reimbursement in an amount not to exceed $100,000 are also approved. The Stalking Horse Bidder has acted in good faith and at arm's length in connection with the negotiation of the Stalking Horse Agreement and the Stalking Horse Protections. The Stalking Horse Bidder shall be authorized to credit bid the amount of the Breakup Fee and the maximum amount of the Expense Reimbursement in connection with any subsequent Bid it makes for the Property, and any right to limit such credit bid. About The Falls Condominium Property Owners Association Inc. The Falls Condominium Property Owners Association, Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Mo. Case No. 25-60870) on December 19, 2025. At the time of the filing, the Debtor listed between $10 million and $50 million in assets and between $500 million and $1 billion in liabilities. Judge Brian T. Fenimore presides over the case. Camber Jones, Esq., at Spencer Fane, LLP represents the Debtor as legal counsel. FIGURE TECHNOLOGY: Fitch Assigns 'B+(EXP)' IDR, Outlook Stable -------------------------------------------------------------- Fitch Ratings has assigned a first-time expected Long-Term Issuer Default Rating (IDR) of 'B+(EXP)' to Figure Technology Solutions, Inc. (Figure). The Rating Outlook is Stable. Fitch has also assigned an expected rating of 'B+(EXP)' to Figure's contemplated $600 million unsecured debt issuance with a Recovery Rating of 'RR4'. Proceeds from the issuance will be used for general corporate purposes, including funding the acquisition of Kiavi, announced in June 2026. The fixed rate of interest and final maturity date will be determined at the time of issuance. Key Rating Drivers Solid Franchise and Profitability: Figure's rating is supported by its solid franchise and partner network, differentiated technology offering, capital light business model, strong profitability, appropriate leverage, and adequate liquidity and funding diversity. Limited Track Record: The ratings are constrained by Figure's limited track record through economic cycles, modest but growing scale and the evolving regulatory landscape for decentralized finance. Solid Franchise and Partner Network: Fitch views Figure's franchise as solid, facilitating the origination and distribution of consumer loans through its blockchain-enabled technology platform and capital markets infrastructure. Volume to date has been predominantly home equity lines of credit, although its ecosystem is expanding to other asset classes as evidenced by the announced acquisition of Kiavi, a leading residential transition loan originator, and partnerships with Agora Data (auto loans) and Credibly (small and medium-sized business loans). Total consumer loan volume on Figure's marketplace was $9.9 billion in the trailing 12 months (TTM) ended 1Q26, 77% of which was partner-branded, utilizing its origination technology and capital markets distribution program. However, Fitch views the business model as relatively untested through economic cycles as it has only operated since 2018, during which time unemployment has remained relatively low. Expanding Digital Asset Marketplace: The company launched Democratized Prime in June 2025, a blockchain-based marketplace allowing users to lend cash and digital assets, and OPEN in February 2026, an exchange for tokenized equities. Fitch believes these offerings incrementally diversify the business model away from loan origination and servicing, but present execution risks given the rapidly expanding product suite. Strong Profitability: Fitch views Figure's profitability as strong and believes it will continue to improve with growing scale. The EBITDA margin, adjusted for fair value changes of mortgage servicing rights (MSR), securities and digital assets, was 56% in TTM 1Q26, up from 53% in 2025 and 38% in 2024. The company's technology affords it low operating costs on its originations via Figure Connect, driving high contribution margins on both partner-branded and Figure-branded loan volume. Still, Fitch believes profitability remains sensitive to the mortgage origination environment and investor demand for consumer loans, as both drive the volume of the ecosystem. Appropriate Leverage for the Rating Level: Leverage, calculated as gross debt-to-TTM-EBITDA, was 3.9x at 1Q26, pro forma for the planned unsecured issuance, which corresponds to Fitch's 'b' category quantitative benchmark range of 3.5x-5.0x for low balance sheet usage finance companies. While the company uses its balance sheet to originate a portion of its mortgages, retain MSR), and lend against digital assets, capital intensity is low relative to fee revenue and origination volume. Corporate leverage, which excludes funding debt, was 3.1x at 1Q26 on a pro forma basis. Fitch expects leverage to decline over time as earnings continue to grow and the share of the partner-branded channel of Figure Connect continues to expand. Target Leverage Appropriate: Management's longer-term leverage target is below 2.0x, excluding non-recourse debt, which should translate to approximately 3.0x or below as calculated by Fitch. Adequate Liquidity and Coverage: Fitch views Figure's liquidity as adequate to support its operations and near-term funding obligations. Pro forma for the issuance and Kiavi acquisition, liquidity resources at 1Q26 consisted of $1.5 billion of cash, excluding stablecoin held for customers, warehouse facilities to fund its mortgage and digital asset loan originations, and repurchase agreements to fund its risk retention investments. Near-term maturities at 1Q26, excluding the $40 million MSR note that was repaid in June 2026, were limited to $15 million of funding debt maturing in 2026-2027. Pro forma interest coverage, calculated as EBITDA to interest expense, was 3.1x in TTM 1Q26, at the bottom of Fitch's 'bb' category quantitative benchmark range of 3.0x-6.0x. Unsecured Issuance to Improve Funding Flexibility: Unsecured debt represented 47% of total debt at 1Q26, pro forma for the contemplated issuance, improved from Figure's fully secured funding profile prior to the issuance. Fitch believes this increases funding flexibility by reducing overall asset encumbrance and demonstrating access to capital markets. The unsecured mix will decline modestly over the Outlook horizon as funding debt increases but is expected to remain within rating sensitivities. Stable Outlook: The Stable Outlook reflects Fitch's expectation that leverage and coverage will continue to improve with EBITDA generation over the Outlook horizon as the company gains scale, and that liquidity and access to funding will remain adequate. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Upon execution of an unsecured debt issuance of at least $600 million, Fitch would expect to convert Figure's expected IDR to a final IDR of 'B+'. Failure to execute on the unsecured debt issuance would result in the assignment of a final IDR of 'B'; - Materially reduced growth in ecosystem volume due to deterioration in consumer credit performance or capital markets conditions that weaken investor demand, or due to attrition of lender partners; - Debt/EBITDA sustained above 4x; - Deterioration in profitability with the EBITDA margin sustained below 20%; - Material reduction in liquidity resources; - Sustained decrease in adjusted EBITDA/interest expense below 1.5x; - Sustained reduction in unsecured debt below 15% of total debt. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Continued growth in ecosystem volume and further diversification of lending partners and the investor base; - Demonstrated durability of the business model through credit and market cycles; - Sustained improvement in debt/EBITDA below 3x; - EBITDA to interest expense sustained above 3x; - Maintenance of the EBITDA margin above 50%. DEBT AND OTHER INSTRUMENT RATINGS: KEY RATING DRIVERS The expected senior unsecured debt rating is equalized with the expected Long-Term IDR with a Recovery Rating of 'RR4', reflecting the improved unsecured funding mix on a pro forma basis and Fitch's expectation of average recovery prospects in a stress scenario. Fitch would convert the expected unsecured debt rating of 'B+(EXP)' to a final rating of 'B+' upon settlement of the contemplated transaction. DEBT AND OTHER INSTRUMENT RATINGS: RATING SENSITIVITIES The expected senior unsecured debt rating is primarily sensitive to changes in the Long-Term IDR, the funding mix, and recovery prospects in a stressed scenario. ADJUSTMENTS - The Standalone Credit Profile (SCP) has been assigned in line with the implied SCP. - The Business Profile score has been assigned below the implied score due to the following adjustment reason: Business model (negative). - The Earnings & Profitability score has been assigned below the implied score due to the following adjustment reason: Historical and future metrics (negative). - The Capitalization & Leverage score has been assigned below the implied score due to the following adjustment reason: Historical and future metrics (negative). ESG Considerations Figure has an ESG Relevance Score of '4' for Customer Welfare - Fair Messaging, Privacy & Data Security due to the importance of fair collection practices and consumer interactions and the regulatory focus on them, which has a negative impact on the credit profile and is relevant to the ratings in conjunction with other factors. Figure has an ESG Relevance Score of '4' for Governance Structure related to its founder Michael Cagney, who is its largest shareholder and controls a majority of the voting power. This has a negative impact on the credit profile and is relevant to the rating in conjunction with other factors. Except for the matters discussed above, the highest level of ESG credit relevance, if present, is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, due to either their nature or the way in which they are being managed by the entity. Entity/Debt Rating Recovery ----------- ------ -------- Figure Technology Solutions, Inc. LT IDR B+(EXP) Expected Rating senior unsecured LT B+(EXP) Expected Rating RR4 FIVE STAR: Nears Chapter 11 Bankruptcy Exit ------------------------------------------- Angela Gonzales of Phoenix Business Journal reports that the developer of Ritz-Carlton Paradise Valley has reached a financing agreement with its lender that provides interim liquidity as the $2 billion mixed-use project undergoes restructuring. The arrangement is designed to support ongoing operations while the parties negotiate a comprehensive financial resolution. Located in Scottsdale, Arizona, the project is being developed by Five Star Development and is expected to feature a Ritz-Carlton luxury hotel, branded residences, retail space, dining venues, and other upscale amenities. The development has faced delays amid financial pressures and evolving capital needs, the report states. The new agreement allows the developer to continue restructuring discussions without immediate funding concerns. Company officials are exploring a range of options, including refinancing existing obligations, securing new investment, and restructuring debt to strengthen the project's long-term financial outlook, according to report. The parties said the liquidity arrangement represents a key step toward completing the restructuring process. If successful, the effort could position Ritz-Carlton Paradise Valley to resume development momentum and ultimately deliver the large-scale luxury destination envisioned for the Scottsdale market. About Five Star Development Properties LLC Five Star Development is a leading commercial real estate developer with a nearly five-decade track record delivering transformative, high-value projects across the Southwest. Since 1978, the Company has developed, constructed, and managed more than 20 million square feet of residential, hospitality, retail, office, and industrial real estate, representing more than $3.5 billion in investment. Today, the Five Star's portfolio includes more than 7 million square feet of income-producing properties under active ownership and management. It developed the high-end hospitality and residential community, Ritz-Carlton Paradise Valley, in Scottsdale, Arizona. Five Star Development sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-90608) on November 4, 2025. In its petition, the Debtor reports estimated assets and liabilities up to $50,000. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Nicholas J. Hendrix, Esq. of O'Melveny & Myers LLP. FORTRESS HOLDINGS: Strikes Bank Deal, Targets August Ch. 11 Exit ---------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that the owner of New Jersey event venue The Chariot has struck a settlement with its main secured creditor, positioning the company to move forward with a Chapter 11 plan aimed at concluding its bankruptcy case. The debtor said it expects to file the plan soon and hopes to exit Chapter 11 in August. The agreement resolves the company's largest creditor dispute and eliminates a significant hurdle in the restructuring process. During court proceedings, the debtor said it is now focused on preparing the necessary plan documents and obtaining creditor support for confirmation, the report states. With the settlement in place, the company believes it can complete a consensual reorganization while maintaining business operations. Court approval of the plan would allow the venue to emerge from Chapter 11 and continue operating under a restructured balance sheet, according to report. About Fortress Holdings LLC Fortress Holdings LLC, d/b/a The Chariot, is set to open a premier catering and event venue in Totowa, New Jersey, specializing in weddings and other special occasions. The venue will feature seven floors, a Kosher kitchen, and a rooftop restaurant, offering stunning views of New York City. With a capacity of over 600 people, the facility caters to large-scale events and upscale dining experiences. Fortress Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-10977) on January 30, 2025. In its petition, the Debtor reports total assets of $42,030,291 and total liabilities of $26,158,690. Honorable Bankruptcy Judge Vincent F. Papalia handles the case. The Debtor is represented by Richard D. Trenk, Esq., at TRENK ISABEL SIDDIQI & SHAHDANIAN P.C., in Livingston, New Jersey. The Debtor's accountant is VESTCORP LLC. FRED RAU: Gets Extension to Access Cash Collateral -------------------------------------------------- Fred Rau Dairy Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of California, Fresno Division, to use cash collateral. The court entered an interim order authorizing the Debtor to use its cash collateral to pay operating expenses in accordance with its budget and a prior stipulation with AgWest Farm Credit, FLCA and AgWest Farm Credit, PCA. As adequate protection, creditors holding security interests in the cash collateral will be granted automatically perfected replacement liens on all of the Debtor's property retroactive to the petition date. The replacement liens will have the same validity, priority, and extent as their pre-bankruptcy liens and adequate protection payments continue to accrue as administrative expenses. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/zn459 from PacerMonitor.com. A further hearing is scheduled for August 26. Based on UCC-1 filings with the California Secretary of State, Agwest Farm Credit, Farm Credit Leasing Services Corporation, Stanislaus Farm Supply Co. and Nutrien Ag Solutions, Inc. may hold interest in cash or proceeds of the Debtor's assets. The Debtor believes it owes $20,495,322.37 to Agwest Farm Credit and $558,126.22 to Stanislaus or its successors. About Fred Rau Dairy Inc. Fred Rau Dairy, Inc. operates a large-scale dairy farm in Fresno, California. The family-owned business utilizes advanced robotic milking systems and automated feeding technologies. It has been part of the regional agricultural sector since 1976. Fred Rau Dairy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 25-11791) on May 29, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge Jennifer E. Niemann handles the case. The Debtor tapped Peter L. Fear, Esq., at Fear Waddell, P.C. as legal counsel and Boos & Associates, P.C. as financial consultant and accountant. FREEDOM TRAILERS: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Freedom Trailers, LLC 73 Eagle Drive Tifton, GA 31793 Business Description: Freedom Trailers is a Willacoochee, Georgia- based trailer manufacturer founded in 2007 by Hal Baxley. The company produces Gooseneck trailers and offers custom trailer options. Freedom Trailers also provides dealers with portal access to request quotes on custom trailers. Chapter 11 Petition Date: July 6, 2026 Court: United States Bankruptcy Court Middle District of Georgia Case No.: 26-70742 Judge: Hon. John T. Laney, III Debtor's Counsel: Will Geer, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wgeer@rlkglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Harold L Baxley Jr. as sole member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DB34AWA/Freedom_Trailers_LLC__gambke-26-70742__0001.0.pdf?mcid=tGE4TAMA FREEDOM TRAILERS: Seeks Chapter 11 Bankruptcy with $69K Tax Debts ----------------------------------------------------------------- On July 6, 2026, Freedom Trailers, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Georgia. According to court filings, the Debtor reports estimated liabilities between $1 million and $10 million owed to 50-99 creditors. The petition lists estimated assets between $1 million and $10 million. Court filings also note that the company experienced financial difficulties following the discovery of an internal theft involving a former employee in 2024. About Freedom Trailers, LLC Freedom Trailers, LLC is a Tifton, Georgia-based manufacturer of enclosed cargo trailers. The company operates a manufacturing facility in Willacoochee, Georgia, employs between 100 and 249 workers, and remains an active motor carrier with a fleet that logged more than 83,000 miles during 2025. Freedom Trailers, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 26-70742) on July 6, 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 U.S. Bankruptcy Judge assigned to the case handles the proceedings. The Debtor is represented by Elizabeth Ann Childers, Esq. and Will Bussell Geer, Esq. of Rountree, Leitman, Klein & Geer, LLC. GABBY INVESTMENT: To Sell Lawrence Property to Marie Rose Previlus ------------------------------------------------------------------ Gabby Investment 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 located at 106 East Haverhill Street, Lawrence MA 01841. The primary asset of the estate is the Property, which holds a historical fair market appraisal value of $700,000. The lienholder of the Property is RFB F4NB LLC. The Debtor executes an arms-length Purchase and Sale Agreement to sell the Property to Marie Rose Previlus for $610,000. The buyer is an independent, good-faith third party with verified financial readiness. Financing consists of a $340,000 third-party lender financing commitment and $270,000 in verified liquid cash balances. The $610,000 contract price represents the highest and best offer received for the property in its current "as-is" condition, completely outpacing previous distressed investor offers of approximately $500,000. To facilitate immediate closing without delaying the buyer's loan commitment timeline, the Debtor requests that all liens be stripped from the real estate and attached directly to the cash proceeds at closing. About Gabby Investment LLC Gabby Investment LLC is a privately held investment and asset-holding company engaged in the ownership, management, and administration of investment-related assets and business interests. Gabby Investment LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-40673) on June 5, 2026. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor is represented by Marcus L. Scott, Esq. of ScottCollins, LLP. Stephen Darr serves as Subchapter V Trustee. GENESIS HEALTHCARE: Seeks to Extend Plan Exclusivity to Sept. 30 ---------------------------------------------------------------- Genesis Healthcare, Inc., and its affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity period to file a plan of reorganization to Sept. 30, 2026. On Jan. 26, 2026, the Court entered the order approving the sale of substantially all assets (the "Sale") to 101 W. State Street Holdings, LLC ("WSSH") (the "Sale Order"). Since entry of the Sale Order, the Debtors have been facilitating various critical workstreams in coordination with WSSH and in furtherance of closing the Sale. The Outside Closing Date set forth in the approved asset purchase agreement (the "APA") is Sept. 30. The Debtors explain that they filed the Plan and the Disclosure Statement in midMay 2026, but the proposed timeline for Court approval thereof has been extended as a result of, among other things, the parties' collective efforts to consummate the Sale by the Outside Closing Date, the pursuit of valuable causes of action for the benefit of all parties-in-interest, and the intention to mediate outstanding issues with key parties-in-interest in the coming weeks, with the goal of reaching global consensus in advance of the Disclosure Statement Hearing. The Debtors assert that they intend to continue to make timely payments on their undisputed postpetition obligations in the ordinary course, meaning that the requested extension of the Exclusive Period will not prejudice the legitimate interests of post-petition creditors. As such, this factor also weighs in favor of extending the Exclusive Period. The Debtors further assert that granting the requested extensions of the Exclusive Period will not pressure the Debtors' creditor constituencies or grant the Debtors any unfair bargaining leverage. The Debtors are not seeking an extension of the Exclusive Period to pressure or prejudice any of their stakeholders. To the contrary, the Debtors are requesting a further extension of the Exclusive Period to allow for additional time to negotiate and ideally resolve any remaining plan-related disputes with key parties-in-interest prior to soliciting the Plan and the Disclosure Statement, free from distraction or competing plan proposals. Therefore, this factor also weighs in favor of extending the Exclusive Period. The Debtors believe that they have reasonable prospects for proposing, confirming, and consummating the Plan as a result of their good faith discussions and collaboration with the key parties-in-interest in the coming weeks prior to the Disclosure Statement Hearing. Accordingly, the Debtors believe that this factor weighs in favor of extending the Exclusive Period. The Debtors cite that termination of the Exclusive Period would further complicate the progression of these Chapter 11 Cases, particularly given the ongoing workstreams related to the closing of the Sale, the continued discussions with parties-in-interest regarding the Plan and the Disclosure Statement, and the omnipresent threat of administrative insolvency. Indeed, the proposal and solicitation of any competing plan prior to the Outside Closing Date would only serve to complicate and increase the cost of administering the Chapter 11 Cases, which these estates simply cannot afford. Counsel for the Debtors: Marcus A. Helt, Esq. Jack G. Haake, Esq. Grayson Williams, Esq. MCDERMOTT WILL & EMERY LLP 2801 N. Harwood Street, Suite 2600 Dallas, Texas 75201-1574 Tel: (214) 295-8000 Fax: (972) 232-3098 Email: mhelt@mwe.com jhaake@mwe.com gwilliams@mwe.com - and - Daniel M. Simon, Esq. Emily C. Keil, Esq. William A. Guerrieri, Esq. MCDERMOTT WILL & EMERY LLP 444 West Lake Street, Suite 4000 Chicago, Illinois 60606 Tel: (312) 372-2000 Fax: (312) 984-7700 Email: dsimon@mwe.com ekeil@mwe.com wguerrieri@mwe.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GEV IO: Seeks to Hire GCP Inc. as Investment Banker --------------------------------------------------- GEV IO, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire GCP, Inc. as their investment banker. The firm will render these services: a. develop, refine, and execute a targeted marketing and outreach program to identify and solicit strategic buyers, financial buyers, rural wireless internet service providers, broadband internet service providers, mobile virtual network operators, telecom-focused private equity and infrastructure investors, RV/outdoor-market strategic parties, lenders, capital providers, plan sponsors, and other parties that may be interested in a Transaction; b. assist the Debtors and its professionals in evaluating transaction alternatives, including a 363 Sale, going-concern sale, sale or assignment of subscriber relationships, brand and related assets, assumption and assignment or renegotiation of key executory contracts, refinancing, recapitalization, plan-sponsor transaction, or other restructuring transaction; c. assist the Debtors in preparing and distributing marketing materials, including a teaser, confidential information memorandum, process letters, management presentation materials, and buyer or lender communications; d. assist the Debtors in developing and maintaining a secure virtual data room and coordinating reasonable diligence protocols, including confidentiality agreements, access procedures, diligence request lists, and information flow controls; e. assist the Debtors in identifying and organizing diligence materials relevant to a Transaction, including monthly financial statements, subscriber counts, MRR and churn data, customer cohort information, current run-rate revenue information, key vendor and carrier agreements, modem inventory information, technology systems information, litigation and claims information, and other information reasonably requested by interested parties; f. assist the Debtors in evaluating transaction structures and terms, including purchase price components, assumed liabilities, cure costs, bid protections, regulatory or counterparty consent issues, timing considerations, closing certainty, and the treatment of secured, priority, and unsecured claims; g. solicit, receive, analyze, and compare indications of interest and bids; assist in negotiations with interested parties; and support the Debtors in selecting a stalking horse bidder or plan sponsor, if applicable; h. assist the Debtors and its counsel with sale process mechanics, including preparation of bidding procedures, bid packages, auction support, sale approval support, and coordination of bid deadlines and process milestones; i. coordinate with the Debtors, bankruptcy counsel, special counsel, existing financial advisor(s), and other estate professionals regarding market feedback, buyer issues, diligence matters, Transaction timing, and process adjustments; and j. provide such other transaction-related advisory services as may be mutually agreed by the Debtor and GCP, subject to Bankruptcy Court approval to the extent required. GCP will be compensated as follows: a. Initial Fee. As compensation for the Services and subject to Bankruptcy Court approval to the extent required, GCP shall receive an initial fee equal to $15,000. The Initial Fee shall be deemed earned upon the Effective Date and shall be payable as authorized by the Bankruptcy Court, any applicable interim compensation order, cash collateral order, sale order, or other order of the Bankruptcy Court. The Initial Fee shall be credited against any Sale Fee or Financing Fee payable under Sections 4.3 or 4.4. b. Monthly Fees. GCP shall receive monthly fees of $15,000 for Month 1, $10,000 for Month 2, and $10,000 for Month 3, payable beginning on the Effective Date and on the fifteenth (15th) day of each month thereafter during the Term, subject to Bankruptcy Court approval and any applicable interim compensation procedures. In the event the Term extends beyond three (3) months, a monthly fee of $7,500 per month shall apply for each month thereafter; provided, however, that total Monthly Fees payable during the Term shall not exceed $75,000 in the aggregate. The Monthly Fees shall be credited, once and without duplication, against any Sale Fee or Financing Fee payable under Sections 4.3 or 4.4. Any interim payment of Monthly Fees shall be subject to final allowance and disgorgement if required by the Bankruptcy Court or applicable orders. c. Sale Fee. Upon the consummation of a Sale Transaction to any party, GCP shall be entitled to a sale fee, payable in cash at closing to the extent authorized by the Bankruptcy Court, equal to the greater of (i) $150,000, or (ii) 6% of the Total Consideration received, paid, payable, funded, committed, assumed, credited, or otherwise provided in connection with the Sale Transaction. Notwithstanding the foregoing, if the Debtor determines to terminate a going-concern sale process and instead moves to a liquidation or other non-going-concern disposition of the Assets, then (a) no Sale Fee shall be payable to GCP, and (b) all Monthly Fees previously paid to GCP shall be deemed the sole compensation for GCP's Services and shall not be subject to crediting, refund, or disgorgement on account of such determination. The Sale Fee shall be paid only once and shall not be duplicative. d. Financing Fee. Upon the consummation of a Financing Transaction arranged by GCP or resulting from negotiations with a party first introduced to the Debtor or the Joinder Party by GCP during the Term, GCP shall be entitled to a financing fee, payable in cash at and as a condition of closing to the extent authorized by the Bankruptcy Court, equal to the gross proceeds committed, funded, or otherwise provided in such Financing Transaction, multiplied by: (i) 1.75% with respect to senior secured debt facilities, including debtor-in-possession financing and exit financing; and (ii) 3% with respect to junior secured, unsecured, mezzanine, or other debt not covered by clause (i). No Financing Fee shall be due with respect to (a) debtor-in-possession financing provided by an existing secured lender or existing principal unless GCP arranged such financing or materially assisted in obtaining materially improved terms for such financing, or (b) any financing obtained by the Debtor or its professionals without material involvement by GCP. e. Total Consideration. For the avoidance of doubt, the total consideration shall not include the amount of any credit bid tendered by a secured creditor of the Debtor pursuant to section 363(k) of the Bankruptcy Code included in the consideration for any Sale Transaction, or (b) any amounts paid or payable for cure costs associated with the assumption and assignment of executory contracts and unexpired leases. f. Expenses. In addition to the Initial Fee, Monthly Fees, Sale Fee, and Financing Fee, whether or not a Sale Transaction or Financing Transaction is consummated, the Debtor shall reimburse GCP for its reasonable and documented out-of-pocket expenses incurred in connection with the Services, including reasonable travel, lodging, meals, data room and technology costs, document production, shipping, and similar items (Expenses); provided, however, that GCP shall not incur reimbursable Expenses in excess of $12,000 in the aggregate without the prior written consent of the Debtor, email being sufficient. Ordinary virtual data room costs not to exceed $500 per month shall be deemed pre-approved and shall count against the foregoing cap unless otherwise agreed in writing. GCP shall provide the Debtor with reasonable documentation supporting all Expenses upon request. GCP, Inc. is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: J. Greg Barrow GCP, Inc. 370 17th St, #5660 Denver, CO 80202 Phone: (720) 200-4500 Email: jgb@generalcapitalpartners.com About GEV IO, LLC GEV IO, LLC, doing business as Nomad Internet, provides wireless internet services and related equipment, including modems, for rural communities, RV parks, travelers, and other customers across the United States. Founded in 2017 and based in Bulverde, Texas, the company operates as an authorized reseller of network services and offers enterprise, retail, and transportation-related connectivity solutions. GEV IO, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-31546) on April 8, 2026, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Jessica Garza as president. Judge Michelle V Larson presides over the case. Omar J Alaniz, Esq. at REED SMITH serves as the Debtor's counsel. GLOBAL DAIRY: Chapter 11 Plan Due October 15 -------------------------------------------- On June 17, 2026, Global Dairy Services, Inc., a Reno, Nevada-based dairy procurement and supply chain brokerage doing business as MRV Dairy Solutions, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Nevada (Reno Division). According to court filings, the debtor reports between $1 million and $10 million in liabilities, including a $4.3 million judgment, and between one and 49 creditors. Chapter 11 Plan must be filed by October 15, 2026. The List of Equity Security Holders is due July 1, 2026. About Global Dairy Services, Inc. Founded in 2009, Global Dairy Services, Inc. operates under the trade name MRV Dairy Solutions, is an independent third-party dairy procurement consulting and category management company operating throughout the forty-eight contiguous United States. The company provides services including dairy market intelligence, strategic sourcing, supplier evaluation, contract negotiation, procurement support, contract administration, supplier performance management, risk management, and market forecasting. It serves customers in sectors including foodservice, retail, manufacturing, distribution, hospitality, and institutional markets. Global Dairy Services, Inc. was formed in 2006, and its predecessor operations trace to dairy purchasing advisory services begun in 1996. Global Dairy Services, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50620) on June 17, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable August B. Landis handles the case. The debtor is represented by Tory M. Pankopf, Esq., of Tory M. Pankopf Ltd. GOLDENPEAKS POLAND: Brookfield Selected as Lead Bidder ------------------------------------------------------ Steven Church of Bloomberg News reports that private equity firm Brookfield Corp. won court approval to serve as the lead bidder for bankrupt solar company GoldenPeaks Poland Holding Ltd., overcoming objections from rival creditors seeking to block the firm’s role in the restructuring. The ruling allows Brookfield to continue as GoldenPeaks'’ primary debtor-in-possession lender while pursuing ownership of the company’s assets. U.S. Bankruptcy Judge Alfredo Perez rejected arguments from funds managed by Joh. Berenberg, Gossler & Co. that Brookfield's dual role as lender and stalking horse bidder created an unfair auction advantage. The judge concluded that the proposed bidding procedures were appropriate and did not improperly restrict competition, the report cites. Under the approved sale framework, Brookfield will submit the initial qualified bid for GoldenPeaks’ assets, setting the minimum benchmark for competing buyers. The company will be able to credit certain amounts tied to its bankruptcy financing as part of its offer, subject to the court-approved bidding rules, according to Bloomberg. The ruling represents a significant step in GoldenPeaks’ Chapter 11 restructuring, as the company seeks to sell its assets while maximizing recoveries for stakeholders. Brookfield's approval as lead bidder gives it a stronger position in the auction, although other buyers may still submit competing offers, the report relays. About GoldenPeaks Poland LLC GoldenPeaks Poland LLC is a European renewable energy developer. GoldenPeaks Poland LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90558) on May 29, 2026. In its petition, the Debtor reports assets between $1 billion and $10 billion and liabilities between $500 million and $1 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Benjamin Lawrence Wallen, Esq. of Pachulski Stang Ziehl & Jones LLP. GRABOYES LLC: Seeks Approval to Employ Saul Ewing as Counsel ------------------------------------------------------------ Graboyes, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to employ Saul Ewing LLP as bankruptcy counsel, effective as of the petition date. The firm will provide these services: (a) advising the Debtor regarding its powers and duties as debtor in possession in compliance with the Bankruptcy Code, Bankruptcy Rules and other applicable law; (b) advising and representing the Debtor with respect to any sale process under section 363 of the Bankruptcy Code; (c) advising and representing the Debtor regarding financing and the use of cash collateral; (d) advising the Debtor regarding the assumption and rejection of executory contracts and leases; (e) prosecuting confirmation of a chapter 11 plan and approval of a disclosure statement; (f) preparing necessary applications, motions, answers, orders, reports, and other legal papers; (g) appearing in Court and protecting the interests of the Debtor before the Court; (h) providing assistance, advice and representation regarding the assets, liabilities and financial condition of the Debtor; (i) representing the Debtor in negotiations and communications with its creditors and parties in interest; and (j) performing all other services appropriately assigned by the Debtor as counsel. The firm's hourly rates are: Neil Goldstein President $450 Dan Goldstein Member $400 Mercedes Cabrera Associate $250 Partners $450 Associates $250 Saul Ewing LLP received an initial retainer of $50,000, which was replenished by $82,000. Saul Ewing has drawn $66,681 from the retainer and replenishments to cover fees, expenses, and chapter 11 filing fees. Saul Ewing LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jeffrey C. Hampton, Esq. Stephen B. Ravin, Esq. Maxwell M. Hanamirian, Esq. SAUL EWING LLP 1735 Market Street, Suite 3400 Philadelphia, PA 19103-7504 Telephone: (215) 972-7777 E-mail: jeffrey.hampton@saul.com stephen.ravin@saul.com maxwell.hanamirian@saul.com About Graboyes LLC Graboyes LLC is a Pennsylvania-based manufacturer and supplier of custom windows and related building products serving the residential and commercial construction markets. The company has built its business around producing energy-efficient window systems and providing installation and support services to contractors, developers, and property owners throughout the region. Graboyes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12458) on June 5, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Jeffrey Charles Hampton, I, Esq. of Saul Ewing LLP. GRABOYES LLC: Seeks Approval to Tap Pierson Ferdinand as Counsel ---------------------------------------------------------------- Graboyes, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Pierson Ferdinand LLP to serve as special counsel. The firm will provide these services: (a) guidance and consultation in connection with the ESOP, including but not limited to the initial transaction pursuant to which the ESOP was formed, and ongoing operations and administration; (b) legal interactions between the ESOP and its independent trustee; (c) legal interactions with merchant cash advance companies from whom the company borrowed funds; (d) collection and other legal matters with the company's clients and vendors; and (e) other legal and corporate matters as requested from time to time. Pierson Ferdinand LLP will be compensated at its standard hourly rates, subject to Court approval. The attorneys expected to be primarily responsible for the engagement bill at $750 per hour, while paralegals bill at $145 per hour. Other partner rates range from $500 to $950 per hour, and paraprofessional rates range from $145 to $250 per hour. The firm will also be reimbursed for reasonable and necessary expenses. According to court filings, Pierson Ferdinand LLP is not an insider, does not hold or represent any interest materially adverse to the estate, and is a "disinterested person" within the meaning of the Bankruptcy Code. The firm can be reached at: Christina H. Bost Seaton, Esq. PIERSON FERDINAND LLP 1270 Avenue of the Americas, 7th Floor, #1050 New York, NY 10020 About Graboyes LLC Graboyes LLC is a Pennsylvania-based manufacturer and supplier of custom windows and related building products serving the residential and commercial construction markets. The company has built its business around producing energy-efficient window systems and providing installation and support services to contractors, developers, and property owners throughout the region. Graboyes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12458) on June 5, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Jeffrey Charles Hampton, I, Esq. of Saul Ewing LLP. GRABOYES LLC: Seeks Court Approval to Hire Saul Ewing as Counsel ---------------------------------------------------------------- Graboyes, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Saul Ewing LLP to serve as bankruptcy counsel. The firm will provide these services: (a) advising the Debtor regarding its powers and duties in compliance with the Bankruptcy Code, Bankruptcy Rules and other applicable law; (b) advising and representing the Debtor with respect to any sale process under section 363 of the Bankruptcy Code; (c) advising and representing the Debtor regarding financing and the use of cash collateral; (d) advising the Debtor regarding the assumption and rejection of executory contracts and leases; (e) prosecuting confirmation of a chapter 11 plan and approval of a disclosure statement; (f) preparing the necessary applications, motions, answers, orders, reports and other legal papers; (g) appearing in Court and protecting the interests of the Debtor before the Court; (h) providing assistance, advice and representation regarding the assets, liabilities and financial condition of the Debtor; (i) representing the Debtor in negotiations and communications with its creditors and parties in interest; and (j) performing all other services appropriately assigned by the Debtor to Saul Ewing as counsel. The firm's current hourly rates are $930 for Partners Jeffrey C. Hampton and Stephen B. Ravin, $380 for Associate Maxwell M. Hanamirian, $595 to $1,285 for Partners, $590 to $1,440 for Counsel, $350 to $645 for Associates, and $135 to $450 for Paraprofessionals. Saul Ewing LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jeffrey C. Hampton, Esq. Stephen B. Ravin, Esq. Maxwell M. Hanamirian, Esq. SAUL EWING LLP 1735 Market Street, Suite 3400 Philadelphia, PA 19103-7504 Telephone: (215) 972-7777 E-mail: jeffrey.hampton@saul.com stephen.ravin@saul.com maxwell.hanamirian@saul.com About Graboyes LLC Graboyes LLC is a Pennsylvania-based manufacturer and supplier of custom windows and related building products serving the residential and commercial construction markets. The company has built its business around producing energy-efficient window systems and providing installation and support services to contractors, developers, and property owners throughout the region. Graboyes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12458) on June 5, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Patricia M. Mayer handles the case. The Debtor is represented by Jeffrey Charles Hampton, I, Esq. of Saul Ewing LLP. GREATER LOS ANGELES: Seeks to Hire FLP Law Group as Counsel ----------------------------------------------------------- Greater Los Angeles Zoological Association seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire FLP Law Group LLP to serve as its general bankruptcy and reorganization counsel. The firm will provide these services: (a) assist Greater Los Angeles Zoological Association in complying with the requirements of the Office of the United States Trustee (OUST) and counsel it regarding its duties; (b) assist in the administration of the bankruptcy case, the marshaling and preservation of assets, and the formulation of a Chapter 11 plan; (c) make appearances in the bankruptcy court on behalf of Greater Los Angeles Zoological Association; (d) conduct negotiations with creditors and other parties-in-interest and counsel Greater Los Angeles Zoological Association regarding those negotiations; (e) examine claims filed against the estate and resolve any disputes; (f) prosecute avoidance and preference actions, actions to determine the extent of liens, other adversary actions or contested matters; (g) assist and guide other professionals less familiar with the bankruptcy processes and rules in their work; and (h) take such other actions and perform such other services as may be required in connection with this Chapter 11 case. FLP Law Group LLP will be paid at these hourly rates: Alan W. Forsley $750 Marc A. Lieberman $750 Mark J. Pearl $1,250 Greg Yaris $750 Legal Assistant $235 FLP Law Group 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 bankruptcy estate, according to court filings. The firm can be reached at: Marc A. Lieberman, Esq. Alan W. Forsley, Esq. FLP LAW GROUP LLP 1875 Century Park East, Suite 2230 Los Angeles, CA 90067 Telephone: (310) 284-7350 Facsimile: (310) 432-5999 E-mail: marc.lieberman@flpllp.com alan.forsley@flpllp.com About Greater Los Angeles Zoological Association Greater Los Angeles Zoological Association is a Glendale, California-based zoological garden support and animal conservation organization. The nonprofit supports the Los Angeles Zoo through fundraising, membership programs, marketing, donor relations, and conservation initiatives. Greater Los Angeles Zoological Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16410) on June 26, 2026. In its petition, the Debtor reports estimated assets of $50 million to $100 million and estimated liabilities of $1 million to $10 million. Honorable Deborah J. Saltzman handles the case. The Debtor is represented by Marc A. Lieberman, Esq. of FLP Law Group LLP. GREENMILEEV LLC: Seeks Subchapter V Bankruptcy in Illinois ---------------------------------------------------------- On July 6, 2026, GreenMileEV, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Illinois. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities and 1-49 creditors. The court has set Oct. 5, 2026, as the deadline for submission of the Chapter 11 Subchapter V plan. About GreenMileEV, LLC GreenMileEV, LLC is a Franklin Park, Illinois-based electrical contractor specializing in electric vehicle (EV) charging infrastructure. Operating under the trade name Omar Electric Powered by GreenMileEV, the company provides EV charging station installation services for commercial, industrial, and residential customers. As of mid-2026, the company maintains its primary facility in Franklin Park and holds active certifications for EV charging infrastructure installation. The Omar Electric brand has served the Chicago area since 1949, with GreenMileEV representing its expansion into renewable energy services. GreenMileEV, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11191) on July 6, 2026. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Gregory K. Stern, Esq., of Gregory K. Stern, P.C. HALL'S GAS SERVICES: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division entered an interim order authorizing Hall's Gas Services, Inc. to use cash collateral. Under the order, the Debtor is authorized to use cash collateral solely to pay expenses expressly approved by the court, including compensation for the Subchapter V trustee, and the current and necessary operating expenses set forth in the approved cash collateral budget. The Debtor is prohibited from using cash collateral for any other purpose unless further authorized by the court, and the interim authority remains in effect until the next hearing. The Debtor projects total operational expenses of $43,991.00 for the period from June 15 to July 14. As adequate protection, lenders will be granted automatically perfected post-petition replacement liens on the cash collateral to the same extent, validity, and priority as their respective prepetition liens, without the need to file additional documents. The order also preserves the rights of the United States Trustee to appoint a creditors' committee and the rights of any committee subsequently appointed to challenge the validity, priority, or extent of any liens asserted against the cash collateral. A continued hearing is scheduled for July 16. About Hall's Gas Services Inc Hall's Gas Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02584) on June 9, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Jason Hall, president of Hall's Gas Services, signed the petition. Judge Jason A. Burgess oversees the case. Thomas Adam, Esq., at Adam Law Group, PA, represents the Debtor as bankruptcy counsel. HARLEY-DAVIDSON INC: S&P Downgrades ICR to 'BB+', Outlook Stable ---------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Harley-Davidson Inc. to 'BB+' from 'BBB-'. S&P said, "We also lowered our issue-level rating on Harley's unsecured debt to 'BB+' from 'BBB-', in line with the issuer credit rating and assigned a '3' recovery rating to Harley-Davidson Inc.'s senior unsecured notes. "In addition, we lowered our short-term rating on Harley Davidson Financial Services Inc. (HDFS) to 'B' from 'A-3'. "We also lowered our issue-level rating on HDFS' medium-term notes to 'BB+' from 'BBB-'. "We removed all the ratings from CreditWatch, where we placed them with negative implications on February 11, 2026. "The stable outlook reflects Harley-Davidson's robust liquidity and its commitment to maintaining low captive-adjusted leverage. We also anticipate modest improvements in retail and wholesale volumes, with S&P Global Ratings- and captive-adjusted EBITDA margin expanding to high-single-digit percent over the next two years as the company completes its restructuring this year, enhancing operating leverage." Harley-Davidson Inc. announced its "Back to Bricks" strategic update in May, which includes introducing new models that prioritize affordability and newer riders, focusing on dealer profitability, expanding parts and accessory sales, and utilizing more targeted promotions. While new models could spur retail sales momentum upon release, especially through the return of the Sportster motorcycle, it may take several years for Harley-Davidson to sustain retail sales and wholesale unit shipments growth sufficient to stabilize S&P Global Ratings-adjusted EBITDA margin near 10% percent. The downgrade to 'BB+' is driven by our expectation that it may take Harley a few years to improve and sustain captive adjusted EBITDA margin near 10% as Harley adjusts its portfolio to include more affordable entry level products. During its first-quarter earnings call, Harley unveiled its 'Back to the Bricks' strategic plan, which aims to reinvigorate top-line growth, strengthen its dealer network, and restore operating margins. While its new initiatives could improve credit metrics and cash flow over time, improvement could be limited in the near term. S&P forecasts operating income and S&P Global Ratings-adjusted EBITDA margin will remain depressed through at least 2027, with adjusted EBITDA margin (including operating losses at LiveWire) of 5%-6% in 2026, as the company prioritizes market share over unit profitability. The company aims to reduce costs by $150 million, which should bolster 2027 operating income. However, 2026 operating income faces pressure from ongoing restructuring expenses; in the first quarter alone, the company incurred $15 million in charges related to its strategic shifts, including headcount reductions and employee termination benefits. Furthermore, the company anticipates tariff costs--primarily on steel and aluminum--of $75 million–$90 million, a slight reduction from its forecast of $75 million–$105 million in February 2026. Management now expects to experience peak tariff effect in 2026, as recent changes to trade policies and new exemptions for certain motorcycle parts should alleviate these pressures beyond 2026. New lower-margin motorcycle models should modestly grow retail sales--particularly in the initial years following launch. Harley's new strategy aims to reinvigorate revenue growth, strengthen its dealer network, and restore operating margins. Most notably, Harley intends to address sales declines by introducing motorcycles at lower price points to its lineup. For years, Harley has maintained its position as an aspirational brand for riders, with motorcycles in its lineup skewing toward the premium end of the market and costing upwards of $50,000. Since 2020, the company has leaned into premium products to increase operating margin and unit profitability. While this strategy resulted in pricing power, according to Harley's management, it left gaps in the market where Harley did not meet consumer demand, limited sales to entry-level riders, and ultimately resulted in fewer sales, which hurt its dealer base. Under its new plan, Harley will introduce its Sprint model and reintroduce its Sportster model, which it discontinued in 2022. Starting in late-2026 and 2027, both models will sell at entry-level price points of around $10,000 for Sportster and less for Sprint. Harley's management noted that dealerships have routinely expressed their desire for lower-priced models -- specifically the Sportster in recent years. Demand for lower-priced and smaller motorcycles is further evidenced by Sportster's strong presence in the used market. Under S&P's base case, assuming the U.S. motorcycle market remains relatively flat compared to 2025, Harley could increase its market share to mid-40% primarily from new product introductions, especially the reintroduction of its Sportster. A shift in product mix may pressure medium-term margins. In the next three to five years, Harley is targeting gross margins of 25%–30% and EBITDA margins of 10%-12% for operating subsidiary Harley-Davidson Motor Co. (HDMC). These targets are below levels in 2022 and 2023, when gross margin was above 30% and HDMC EBITDA margin was above 16%. The new models intended to regain market share will include more lower-margin products compared to the company's still large position in its premium-heavy lineup. While management intends to mitigate this pressure through targeted promotional activity, with support from its broader portfolio, profit volatility could remain elevated over the next several years as it restructures and launches products. S&P remains cautious regarding the long-term sustainability of U.S. motorcycle sales growth. It could take several years for Harley to regain market share that the company lost as it transitioned its portfolio toward heavyweight products in its touring and cruiser segments. Since 2019, Harley's market share in the United States declined to 34.5% in 2025 from 49.1%, as measured by total motorcycle registrations. A significant portion of the decline occurred immediately following the Sportster discontinuance. However, S&P's forecast is also partly reliant on a healthy market for heavyweight motorcycles, which, in the years preceding the Sportster discontinuance, comprised 75%-80% of its sales. Although S&P forecasts modest growth among Harley's core categories, the long-term health of the heavyweight segment is unclear. Between 2019-2025, Harley maintained its share above 70% in heavyweight categories even as overall share declined, partly driven by a shift in consumer preferences toward smaller motorcycles. Leverage risk will be moderately higher over the next few years for captive finance subsidiary Harley Davidson Financial Services (HDFS), using our adjusted measure of debt to equity. S&P's forecasted measure of adjusted debt to equity at HDFS includes an adjustment for anticipated receivables sold in the company's forward flow agreement with KKR and PIMCO. S&P said, "This captures the risk of potentially losing access to this new source of receivables financing despite the fact that the arrangement is non-recourse and we view the risk of loss as currently remote. Under our base case, we expect adjusted debt to equity will be around 8x or lower over the next several years, which is moderately higher than the unadjusted debt to equity Harley will likely disclose in its HDFS financial statements. We believe that if Harley loses access to the forward flow agreement, new receivables originations held on its balance sheet would generate interest income and equity would build over time in the captive." Following its transaction with KKR and PIMCO in mid-2025, the company sold approximately $4.1 billion of retail finance receivables and deconsolidated $1.9 billion of net finance receivables that were previously transferred to special purpose entities through asset backed securitization transactions. The company used the proceeds in part to repay the majority of debt at HDFS. Approximately $1.7 billion of asset-backed debt was also deconsolidated following the sale of finance receivables held special purpose vehicles. HDFS also used a portion of the proceeds to pay a $1 billion dividend to parent Harley-Davidson Inc., which was used to repay $450 million of senior notes at Harley-Davidson and complete a $200 million accelerated share repurchase program. The dividend payment to the parent reduced the amount of equity in the captive, largely in proportion with the reduction in assets and debt at the captive. S&P said, "Our estimated debt to equity at HDFS is higher as we include an adjustment for anticipated sold finance receivables in future years based on the forward flow agreement. We make this adjustment because we regard the arrangement as substantially similar to a factoring of trade receivables. "Even though we believe the funding source and its agreements with KKR and PIMCO are nonrecourse to Harley and the risk of loss is currently remote, we do not presume the company will have permanent access to this source of financing. The forward flow agreement has an initial term of five years. If Harley loses access to the forward flow agreement, we expect the company would have to recapitalize its captive, which would likely involve some portion of debt financing through asset-backed debt, warehouse facilities, and medium-term notes. "We estimate that Harley will sell around $2 billion of eligible retail finance receivables annually. While there could be a modest mismatch between the timing of origination and the sale of the receivable, which may result in some operating cash outflows from time to time, we expect over time these two figures will closely mirror one another. Our debt adjustment will include receivables that are sold in each period. "We continue to view Harley's strong liquidity and low captive adjusted leverage as key risk mitigants amid pressured retail volumes and the restructuring. We expect Harley to sustain a net cash position on a captive-adjusted basis as the majority of its debt is issued at HDFS. We also adjusted our credit metrics to remove captive debt and EBITDA." Additionally, Harley maintains ample liquidity, comprising $1.8 billion of cash and cash equivalents as of the end March 31, 2026, over $2 billion of availability under various unsecured and secured commercial paper programs, and asset-backed security conduit facilities it utilizes to fund loan originations. Additionally, through its forward-flow agreements, S&P expects the company will successfully monetize its receivable base as it sells two thirds of annual retail loan originations to KKR and PIMCO. Under the terms of its agreements, HDFS will sell two-thirds of future loan originations to KKR and PIMCO and retain approximately one-third on its balance sheet. As a result, HDFS' operating income will significantly decrease and added servicing fee income, of 1% on prime loans and 2.5% on subprime loans, will only partially offset lost revenue from interest income on its sold receivables. Harley is targeting operating income of $45 million-$60 million at HDFS in 2026 compared with $248 million in 2024 (the last full year of results for the previous loan portfolio). As a result, S&P expects the subsidiary will provide minimal operating cash flow in the near term while the company grows its receivable base. The stable outlook is supported by Harley-Davidson's robust liquidity and its commitment to maintaining low captive-adjusted leverage. S&P also anticipates modest improvements in retail and wholesale volumes, with S&P Global Ratings- and captive-adjusted EBITDA margin expanding to high-single-digit percent over the next two years as the company completes its restructuring this year and benefits from enhanced operating leverage. S&P could lower the rating if: -- The new strategy is unsuccessful and retail sales fail to recover, and we believe further restructuring may be necessary to improve S&P Global Ratings- and captive-adjusted EBITDA margin toward 10%; -- S&P Global Ratings- and captive-adjusted debt to EBITDA sustains above 2.0x; -- S&P Global Ratings-adjusted debt to equity at HDFS sustains above 11x; or 00 Harley changes its financial policies of maintaining very low S&P Global Ratings-adjusted leverage and strong liquidity. S&P could raise the rating if: -- Retail sales improve faster than S&P forecasts, leading to regained market share in key geographic markets, most notably in the U.S.; -- S&P believes captive-adjusted EBITDA margin will sustain in the low-teens area; and -- The overall health of the motorcycle industry supports long-term retail sales growth of Harley-Davidson products. HAWTHORNE RACE: Taps Carey White Boland as Special Counsel ---------------------------------------------------------- Hawthorne Race Course, Inc. and affiliates filed a supplemental application seek approval from the U.S. Bankruptcy Court for the Northern District of Illinois to expand the scope of Carey White Boland Murnighan & Murray, LLC's retention as special counsel. Carey White's retention will include representation of the Debtors in connection with the defense of the Adversary Proceeding. On June 11, 2026, Saratoga Harness Racing, Inc. d/b/a Saratoga Casino and Raceway filed an adversary complaint against the Debtors styled Saratoga Harness Racing, Inc. d/b/a Saratoga Casino and Raceway v. Hawthorne Race Course, Inc., Adv. Proc. No. 26-00378, alleging "knowing, deliberate, and ongoing wrongful retention and misuse of pari-mutuel pool funds." Carey White Boland Murnighan & Murray, LLC is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: F. Kevin Murnighan Carey White Boland Murnighan & Murray, LLC 33 W. Jackson Blvd., Suite 500 Chicago, IL 60604 Tel: (312) 939-4300 About Hawthorne Race Course, Inc. Hawthorne Race Course Inc. operates a historic racetrack that provides Thoroughbred and Standardbred racing events along with off-track betting throughout Chicago. Hawthorne Race Course Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03505) on February 27, 2026. In its petition, the Debtor reports assets ranging from $50 million to $100 million and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Timothy A. Barnes handles the case. The Debtor is represented by Barry A. Chatz, Esq. of Saul Ewing Arnstein & Lehr LLP. Getzler Henrich & Associates serves as Financial Advisor, Omni Agent Solutions as Claims Agent. HEADWAY WORKFORCE: Trustee Seeks to Hire Sorren as Accountant ------------------------------------------------------------- John Bircher III, the trustee appointed in the Chapter 11 case of Headway Workforce Solutions, Inc., seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Sorren as accountant. The firm will provide these services: (a) give accounting and tax advice to the trustee; (b) prepare any and all quarterly and annual State and Federal Tax Returns; (c) perform any other accounting services for the trustee as may be necessary in this Chapter 7 proceeding. Edward Golden, a certified public accountant at Sorren, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Edward Golden, CPA Sorren 1120 South Rackham Way, Suite 100 Meridian, ID 83642 Telephone: (208) 333-8965 About Headway Workforce Solutions Inc. Headway Workforce Solutions, Inc., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-01682) on May 5, 2025. In the petition signed by Brendan Flood, chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Joseph N. Callaway oversees the case. Rebecca Redwine Grow, Esq., at Hendren, Redwine & Malone, PLLC is the Debtor's legal counsel. Noor Staffing Group, LLC, as DIP lender, is represented by Pamela P. Keenan, Esq. at Kirschbaum, Nanney, Keenan & Griffin, P.A. John C. Bircher III is the appointed trustee in this Chapter 11 case. The trustee tapped Sorren as accountant. HEPION PHARMACEUTICALS: Welcomes Danina Fisher, Gary Stetz to Board ------------------------------------------------------------------- Hepion Pharmaceuticals, Inc. announced in a regulatory filing that the Board of Directors has approved the appointment of Danina Fisher and Gary S. Stetz, II as directors of the Company, effective immediately. According to the Company, there are no arrangements or understandings between Ms. Fisher and Mr. Stetz and any other person pursuant to which such person was selected as a director of the Company, and there is no family relationship between any of Ms. Fisher and Mr. Stetz, except that Mr. Stetz is Gary Stetz's son. About Hepion Pharmaceuticals Hepion Pharmaceuticals, Inc. is a medical diagnostic company headquartered in Morristown, New Jersey, that was previously focused on the development of drug therapy for treatment of chronic liver diseases. As of March 31, 2026, the Company had $2.71 million in total assets, $848,747 in total liabilities, and $1.86 million in total stockholders' equity. Jericho, New York-based GRASSI & CO., CPAs, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 11, 2026, attached to the Company's Annual Report for the fiscal year ended December 31, 2025, citing that the Company's significant operating losses and negative cash flows from operations since inception raise substantial doubt about its ability to continue as a going concern. HERITAGE WVILLE: Claims to be Paid from Continued Operations ------------------------------------------------------------ Heritage Wville, LLC filed with the U.S. Bankruptcy Court for the Western District of Washington a Plan of Reorganization dated June 29, 2026. The Debtor is a Washington limited liability company doing business as Heritage Bar & Restaurant in Woodinville, Washington. The Debtor opened for business in 2018 and quickly established itself as a well-respected, highly regarded establishment. The Debtor is located in the heart of Woodinville Wine Country and is a full-service establishment. The Debtor was founded as and continues to operate as a community hub and casual meeting place where residents gather often and the food and drinks are approachable and moderately priced. The Debtor is well-known for its events and catering, including providing food for release parties and other events at local wineries. The Debtor's Plan includes reducing expenses at its location by returning to its landlord the lease of space for its formerly affiliated bakery, Tarte by Heritage, which will reduce rent by $6000 monthly, reduce operating expenses formerly allocated to the bakery and increasing revenue by implementing a marketing and sales plan that emphasizes increased social media presence, event hosting, promotions and partnering with reservation and processing companies to promote business. The Debtor's Plan will pay general unsecured creditors approximately $175,000 over 5 years. This Plan of Reorganization is a reorganization plan under which the Debtor will continue to operate and pay creditors from future operations. Class 2 consists of all non-priority unsecured claims allowed under Section 502 of the Code. Filed or scheduled claims, including claims owed to members of Class 3 interest holders and the SBA on the unsecured portion of its claim, approximate $2,100,000, of which $322,000 was scheduled by the Debtor as disputed and may be subject to objection. Included within this class are claims for loans made to the Debtor by insiders, namely Breanna Beike for $515,000 and Provident Trust for $365,000. General unsecured creditors holding allowed claims will receive pro rata payments from the Reorganized Debtor on a quarterly basis commencing the first day after the 90th day from the Effective Date and continuing thereafter. It is not expected that general unsecured creditors will receive a distribution greater than 8%. Creditors in this class that hold personal guaranties against Breanna Beike shall be enjoined from commencing or continuing with legal actions against her so long as the Debtor is performing under the Plan. Breanna Beike and Briarwood Family, LLC shall retain their equity interests in the Reorganized Debtor. The Reorganized Debtor will pay into a Chapter 11 Plan Disbursement Account from which disbursements to creditors and administrative claimants will be made. Payments will commence within 30 days after the Effective Date. A full-text copy of the Plan of Reorganization dated June 29, 2026 is available at https://urlcurt.com/u?l=tHSePK from PacerMonitor.com at no charge. Counsel to the Debtor: James E. Dickmeyer, Esq. James E. Dickmeyer, PC 520 Kirkland Way, Suite 400 P.O. Box 2623 Kirkland, WA 98083 Telephone: (425) 889-2324 About Heritage Wville Heritage Wville, LLC, which was established in 2018 and operates Heritage Restaurant and Bar in Woodinville, Washington, runs a full-service restaurant and bar in the Woodinville Wine Country area. Led by chef-owner Breanna Beike and her husband, Chris Brende, the company serves casual food and cocktails and expanded its operations with the opening of Tarte by Heritage, a bake shop, in 2022. Its customers include local residents, wine-country visitors and private-event clients. Heritage Wville, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wa. Case No. 26-10977) on March 30, 2026, listing $181,167 in assets and $2,285,162 in liabilities. The petition was signed by Breanna Beike as manager. Judge Timothy W Dore handles the case. James E. Dickmeyer, Esq. at James E. Dickmeyer, PC serves as the Debtor's counsel. HIGHLAND LAKES MARINA: Seeks Chapter 11 Bankruptcy in Texas ----------------------------------------------------------- On July 7, 2026, Highland Lakes Marina Lake Travis, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Texas. According to court filings, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million owed to 1-49 creditors. The Debtor's Chapter 11 Plan and Disclosure Statement are due for submission by November 4, 2026. About Highland Lakes Marina Lake Travis, LLC Highland Lakes Marina Lake Travis, LLC is a Volente, Texas-based marina operator that provides boating and recreational services through its full-service marina facility located on Lake Travis. The company offers drystack valet launching, wet slip rentals, and RV sites with full hookups. The marina also operates one of the deepest boat launch ramps on Lake Travis, allowing year-round access despite changing lake conditions. Highland Lakes Marina Lake Travis, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11300) on July 7, 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 Christopher G. Bradley, U.S. Bankruptcy Judge, handles the case. The Debtor is represented by Thanhan Nguyen, Esq. of Nguyen Law, PLLC. HIGHLAND LAKES: Case Summary & Two Unsecured Creditors ------------------------------------------------------ Debtor: Highland Lakes Marina Lake Travis, LLC 16120 Wharf Cv Volente, TX 78641-6006 Business Description: Highland Lakes Marina operates a marina on Lake Travis in Texas. The company provides boat storage, boat rentals, wet slips, dry stack storage, land storage for boats and jet skis, trailer storage, boat launch access, and RV and camper sites with full hook-ups. It also offers scheduled and valet boat launching services for marina members. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-11300 Judge: Hon. Christopher G Bradley Debtor's Counsel: An Nguyen, Esq. NGUYEN LAW, PLLC PO Box 150146 Austin TX 78715-0146 Tel: (512) 712-3484 E-mail: bankruptcy@anwinlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Mark Eddleton as manager. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EPWTALI/Highland_Lakes_Marina_Lake_Travis__txwbke-26-11300__0001.0.pdf?mcid=tGE4TAMA HILL METAL: To Sell Jackson Property to Shria Management for $6.4MM ------------------------------------------------------------------- Hill Metal Development, LLC 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 8551 Blue Parkway East, Kansas City, MO 64133, and legally described as Lot 1 Holiday Inn Express 1st Plat, Lot 1 & Tract A, a Subdivision in Kansas City, Jackson County, Missouri. The Debtor intends to sell the property for a gross price of $6,400,000.00 to Shria Management, LLC pursuant to the terms of the Hotel/Motel Purchase Agreement and the Contract Amendment and Modification Agreement. The Debtor requests that the real property be transferred to the buyers free and clear of all liens, claims, interests, and encumbrances, with such liens, claims, interests, and encumbrances to attach to the proceeds of the sale of the real property. The Debtor submits that any agreement reached with the Successful Bidder pursuant to the standard auction rules will be an arm's-length negotiated transaction entitled to the protections of Bankruptcy Code. About Hill Metal Development LLC The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.D.Kan. Case No. 26-20999-DLS) on July 6, 2026. Judge Dale L. Somers presides over the case. Colin N. Gotham at Evans & Mullinix, P.A. represents the Debtor as legal counsel. HIS WAY SIGN: Taps Ivey McClellan Siegmund as Counsel ----------------------------------------------------- His Way Sign Service and Install, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of North Carolina to employ Samantha K. Brumbaugh, Esq. of Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP to serve as bankruptcy counsel. The attorney will provide these services: (a) represent in a Chapter 11 bankruptcy; (b) assist in investigating and examining financing statements and other related documents to determine the validity of such; (c) determine the rights and priorities of lienholders, if any; (d) advise in preserving the Debtor's properties and assets; and (e) generally assist in administering the estate. The firm will be compensated based upon its customary hourly rates, plus reimbursement of actual and necessary expenses, subject to Court approval. The firm's current hourly rates are: Samantha K. Brumbaugh, $475; Dirk W. Siegmund, $475; Charles M. Ivey, III, $550; Darren A. McDonough, $475; Melissa M. Murrell, $150; Tabitha D. Harper, $150; and Janice Childers, $125. According to court filings, Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Samantha K. Brumbaugh, Esq. IVEY, McCLELLAN, SIEGMUND, BRUMBAUGH & McDONOUGH, LLP PO Box 3324 Greensboro, NC 27402 Telephone: (336) 274-4658 E-mail: skb@iveymcclellan.com About His Way Sign Service and Install, LLC His Way Sign Service and Install, LLC is a High Point, North Carolina-based sign manufacturing and installation services provider. The company offers sign design, installation, and parking lot lighting maintenance services. His Way Sign Service and Install, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10526) on July 2, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Benjamin A. Kahn handles the case. The Debtor is represented by Samantha K. Brumbaugh, Esq. of Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP. HOME CONCEPTS: Gladstone Investment Marks $12M 2L Loan at 30% Off ----------------------------------------------------------------- Gladstone Investment Corporation has marked its $12,000,000 loan extended to Home Concepts Acquisition, Inc. to market at $8,379,000 or 70% of the outstanding amount, according to Gladstone Investment's 10-K for the fiscal year ended May 12, 2026, filed with the U.S. Securities and Exchange Commission. Gladstone Investment Corporation is a participant in a secured first lien loan extended to Home Concepts Acquisition, Inc. The Loan accrues interest at a rate of SOFR+ 9.0 %, 13.0 % Cash per annum. The Loan matures on May 2028. Gladstone Investment Corporation is a corporate issuer in the leveraged finance market. The Fund is led by David Dullum as Chief Executive Officer, Taylor Ritchie as Chief Financial Officer and Treasurer, and David Gladstone as Chairman of the Board Directors. The Fund can be reached at: David Dullum Gladstone Investment Corporation 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Telephone: (703) 287-5800 About Home Concepts Acquisition, Inc. Home Concepts Acquisition, Inc. is corporate entity operating Home Concepts Magazine, a premier direct-mail publishing company. HOPS ON MAIN: Unsecureds Will Get 100% of Claims over 60 Months --------------------------------------------------------------- Hops on Main, LLC d/b/a Battle River Brewing filed with the U.S. Bankruptcy Court for the District of New Jersey a Small Business Combined Plan of Reorganization and Disclosure Statement dated June 29, 2026. The Debtor operates a brewery and taproom business under the trade name Battle River Brewing. The business includes production, distribution, and sale of craft beer, as well as on-premises customer service. The bankruptcy filing was necessary as a result of pre-petition litigation involving a former employee, which disrupted the Debtor's operations and adversely impacted cash flow. The Debtor seeks to reorganize its obligations while preserving the going-concern value of the brewery and taproom business. The Debtor proposes to reorganize through continued operation of its brewery and taproom business located at 69 Main Street, Toms River, New Jersey. The Debtor will fund its obligations under the Plan from ongoing post-confirmation business revenues, ordinary course operations, and available cash flow after payment of ordinary and necessary operating expenses. The Debtor intends to remain current with Manasquan Bank and to continue performing under the business lease with 69 Main Real Estate for the premises located at 69 Main Street, Toms River, New Jersey, subject to any required cure, assumption, and further agreement or order of the Bankruptcy Court. Pursuant to the Plan and less otherwise provided herein, professional fees will be paid only upon fee application, notice, and Court approval. Priority tax and wage claims will be paid in accordance with the Bankruptcy Code, and general unsecured claims will be paid one hundred percent over a period of sixty months, subject to claim allowance, the terms of the Plan, the Confirmation Order, and any applicable Court orders. Class 3 consists of Allowed General Unsecured Claims, including U.S. Bank/Elan, any allowed unsecured portion of Manasquan Bank, any IRS unsecured general claim, the disputed/contingent litigation claim asserted by Ian Barlet to the extent allowed, and any other allowed nonpriority unsecured claims. Allowed General Unsecured Claims shall be paid one hundred percent over a period of sixty months from ongoing net operating cash flow after payment of ordinary and necessary operating expenses, assumed lease obligations, post-petition obligations, allowed Administrative Expenses, allowed Priority Claims, and payments required to remain current with secured creditors. The litigation claim asserted by Ian Barlet is disputed, contingent, and/or unliquidated. The Debtor does not concede liability or the amount of the claim. The Bartlett claim shall be addressed and resolved through mediation and/or arbitration, or such other dispute resolution process as may be agreed by the parties or ordered by the Court. To the extent the Bartlett claim becomes an Allowed Claim, it shall be treated in Class 3 and paid as part of the Debtor's one hundred percent plan treatment over sixty months. Class 4 consists of Equity interests in Hops on Main, LLC. Equity holders shall retain their interests subject to the terms of the Plan, the Confirmation Order, and continued compliance with the Plan. No distributions shall be made to equity interest holders on account of equity unless and until the Debtor has satisfied the requirements of the Plan and applicable Bankruptcy Code provisions, or as otherwise ordered by the Bankruptcy Court. The Plan will be implemented through the Debtor's continued operation of its brewery and taproom business and generation of post-confirmation revenue. The Debtor will continue production, distribution, and sale of craft beer and on-premises customer service. The Debtor will use revenue to pay ordinary operating expenses, remain current with secured and lease obligations, pay Administrative Expenses and Priority Claims, and make distributions to Allowed General Unsecured Claims to the extent and as provided in this Plan. A full-text copy of the Combined Plan and Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=IvnYtV from PacerMonitor.com at no charge. Counsel to the Debtor: STRAFFI & STRAFFI, LLC Daniel E. Straffi, Jr., Esq. 670 Commons Way Toms River, NJ 08755 (732) 341-3800 Email: bkclient@straffilaw.com About Hops on Main LLC Hops on Main, LLC operates a brewery and taproom business under the trade name Battle River Brewing. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-12190) on February 27, 2026. In the petition signed by Gary Morrison, member, the Debtor disclosed up to $500,000 in both assets and liabilities. Judge Michael B. Kaplan oversees the case. Daniel Straffi, Jr, Esq., at Straffi and Straffi LLC, represents the Debtor as legal counsel. HORIZON FACILITIES: Gladstone Marks $57.7M 2L Loan at 71% Off ------------------------------------------------------------- Gladstone Investment Corporation has marked its $57,700,000 loan extended to Horizon Facilities Services, Inc. to market at $16,545,000 or 29% of the outstanding amount, according to Gladstone Investment's 10-K for the fiscal year ended May 12, 2026, filed with the U.S. Securities and Exchange Commission. Gladstone Investment Corporation is a participant in a secured second lien loan extended to Horizon Facilities Services, Inc. The loan accrues interest at a rate of SOFR+ 0.5%, 6.0% Cash per annum. The loan matures on June 2028. Gladstone Investment Corporation is a corporate issuer in the leveraged finance market. The Fund is led by David Dullum as Chief Executive Officer, Taylor Ritchie as Chief Financial Officer and Treasurer, and David Gladstone as Chairman of the Board Directors. The Fund can be reached at: David Dullum Gladstone Investment Corporation 1521 Westbranch Drive, Suite 100 McLean, VA 22102 Telephone: (703) 287-5800 About Horizon Facilities Services, Inc. Horizon Facilities Services, Inc. is the premier bespoke outsourced provider of human capital management solutions for the rental car industry and beyond. HOUSES FOR THE COMMUNITY: Seeks Subchapter V Bankruptcy ------------------------------------------------------- On July 6, 2026, Houses For The Community LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Rhode Island. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities and 1-49 creditors. The court has set January 2, 2027, as the deadline for filing government proofs of claim. About Houses For The Community LLC Houses For The Community LLC is a Providence, Rhode Island-based real estate company engaged in the ownership and leasing of residential buildings and dwellings. As of July 2026, the company manages a portfolio of residential and community-use properties, including a community center and adult day care facility at 663 Charles Street in Providence. The company also owns real estate assets in Pawtucket, Rhode Island. Houses For The Community LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10623) on July 6, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge John A. Dorsey Jr. handles the case. HUGHES NETWORK: Taps Restructuring Counsel Prior Debt Maturity -------------------------------------------------------------- Alicia McElhaney of WS Pro reports that the bondholders of Hughes Network Systems LLC, a subsidiary of EchoStar Corp., have hired restructuring attorneys from Jones Day to advise them as the satellite communications company nears a $1.5 billion debt maturity due on August 1, 2026. The engagement comes as creditors prepare for potential negotiations over the company's capital structure should Hughes be unable to refinance or satisfy the maturing obligation. Although no bankruptcy filing or restructuring agreement has been disclosed, the involvement of restructuring counsel indicates lenders are taking precautionary steps ahead of the payment deadline, the report cites. Hughes Network Systems develops satellite networking technology and operates the HughesNet satellite internet service, serving residential, enterprise, government, aviation, and defense customers. The company is one of the core operating businesses of EchoStar, the telecommunications and satellite company led by founder Charlie Ergen, according to report. EchoStar has been evaluating strategic and financing alternatives as it manages upcoming debt obligations across its business. Market participants are closely watching whether the company can secure additional financing or negotiate with creditors before the August maturity, the report relays. About Hughes Network Systems LLC Headquartered in Germantown, Maryland, Hughes Network Systems, LLC, is a global provider of broadband satellite networks and services to the VSAT enterprise market and the largest satellite based Internet access provider to the North American consumer market. INSPIREMD INC: Director Raymond Cohen Steps Down ------------------------------------------------ InspireMD, Inc. announced in a regulatory filing that Raymond W. Cohen, a Class III member of the board of directors, a member of the Audit Committee of the Board and the Compensation Committee of the Board, has tendered his resignation from the Board, effective July 1, 2026. Mr. Cohen's resignation from the Board was for personal considerations and not due to any disagreement with the Company, the Board or the management of the Company on any matter relating to the Company's operations, policies, practices or otherwise. The Nominating and Corporate Governance Committee of the Board intends to identify and evaluate suitable candidates to fill the vacancy created by Mr. Cohen's resignation. About InspireMD Headquartered in Tel Aviv, Israel, InspireMD, Inc. -- http://www.inspiremd.com/-- is a medical device company focusing on the development and commercialization of its proprietary MicroNet stent platform technology for the treatment of complex vascular and coronary disease. A stent is an expandable "scaffold-like" device, usually constructed of a metallic material, that is inserted into an artery to expand the inside passage and improve blood flow. Its MicroNet, a micron mesh sleeve, is wrapped over a stent to provide embolic protection in stenting procedures. Tel-Aviv, Israel-based Kesselman & Kesselman, the Company's auditor since 2010, issued a "going concern" qualification in its report dated March 18, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and cash outflows from operating activities that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $56.5 million in total assets, $12.9 million in total liabilities, and $43.6 million in total equity. J W INSULATION: Kathleen DiSanto Named Subchapter V Trustee ----------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at Bush Ross, P.A., as Subchapter V trustee for J W Insulation, LLC. Ms. DiSanto will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. DiSanto declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Kathleen L. DiSanto, Esq. Bush Ross, P.A. P.O. Box 3913 Tampa, FL 33601-3913 Phone: (813) 224-9255 Fax: (813) 223-9620 disanto.trustee@bushross.com About JW Insulation LLC J W Insulation, LLC is a family-owned insulation business based in North Port, Florida. It provides insulation services and products including spray foam, fiberglass batt, blown-in insulation, rigid board, radiant barrier, block foam, and acoustical ceiling services. It serves West Florida, including Tampa, Sarasota, Englewood, Port Charlotte, Fort Myers, Naples, and Marco Island. J W Insulation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05742) on June 30, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Caryl E. Delano presides over the case. Michael R. Dal Lago, Esq., represents the Debtor as legal counsel. JACKSON AVENUE: Section 341(a) Meeting of Creditors on July 17 -------------------------------------------------------------- On June 16, 2026, Jackson Avenue Properties, Inc., a Miami, Florida-based commercial real estate company, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $500,000 and $1 million in liabilities, between $1 million and $10 million in assets, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be Held on July 17, 2026 at 02:00 PM by TELEPHONE. About Jackson Avenue Properties, Inc. Jackson Avenue Properties, Inc. operates as a single-asset real estate entity focused on leasing nonresidential commercial properties. The Florida corporation was incorporated in 2025 and maintains active corporate status in the state. The company's principal has also been associated with real estate development activities in New Orleans. Jackson Avenue Properties, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17896) on June 16, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $500,000 to $1 million. The Honorable Peter D. Russin handles the case. The debtor is represented by Adam I. Skolnik, Esq., of Law Office of Adam I. Skolnik, PA. JANAM MADISON: Case Summary & One Unsecured Creditor ---------------------------------------------------- Debtor: Janam Madison Lodging LLC 1659 Cenntennial Parkway Conyers, GA 30013 Business Description: Janam Madison Lodging LLC is a Conyers, Ga.- based hotel owner and operator, formed in 2015, whose principal asset is a 56-room lodging property at 1972 Eatonton Road in Madison, Ga. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-58853 Debtor's Counsel: Paul Reece Marr, Esq. PAUL REECE MARR, P.C. 6075 Barfield Road, Suite 213 Sandy Springs, GA 30328-4402 Tel: (770) 984-2255 E-mail: paul.marr@marrlegal.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Sunita Patel as manager. The Debtor listed Morgan County Tax Commissioner Wendy Coe, PO Box 151, Madison, GA 30650-0151, as its sole unsecured creditor, with a $21,805 property tax claim. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RG4MXTY/Janam_Madison_Lodging_LLC__ganbke-26-58853__0001.0.pdf?mcid=tGE4TAMA JANAM MADISON: Commences Chapter 11 Bankruptcy in Georgia --------------------------------------------------------- On July 7, 2026, Janam Madison Lodging LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia, Atlanta Division. According to court filings, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million owed to 1-49 creditors. The Chapter 11 Plan and Disclosure Statement must be filed no later than November 4, 2026. About Janam Madison Lodging LLC Janam Madison Lodging LLC is a Conyers, Georgia-based single asset real estate company operating within the hospitality sector. The company manages a hotel property located at 1972 Eatonton Road in Madison, Georgia, consisting of 56 guest rooms. Janam Madison Lodging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga., Atlanta Division Case No. 26-58853) on July 7, 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 Jonathan W. Jordan, Bankruptcy Judge, handles the case. The Debtor is represented by Paul Reece Marr, Esq. of Paul Reece Marr, PC. JEFFERY LAND: Hires KJ Commercial LLC as Real Estate Broker ----------------------------------------------------------- Jeffery Land Company, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to hire KJ Commercial, LLC as real estate broker. The firm will market and sell the Debtor's properties located at: -- 30810 Groesbeck Hwy, Roseville, Michigan (Parcel No. 08-14-08-103-001), consisting of a vacant lot; and -- 30744 Groesbeck Hwy., Roseville, Michigan (Parcel No. 08-14-08-103-005), which includes an industrial building. The broker will receive 5% commission on the final sale of the real properties, for in-house transactions, and 6% commission on cooperative transactions where the buyer is represented by its own agent. KJ Commercial, LLC does not hold or represent any interest adverse to the estate and is a "disinterested person" within the meaning of the Bankruptcy Code, according to court filings. The firm can be reached through: Preston Rabban KJ Commercial, LLC 30201 Orchard Lake Road, Suite 100 Farmington Hills, MI 48334 Phone: (248) 851-8900 Email: prabban@kjcre.com About Jeffery Land Company, LLC Jeffery Land Company, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46229-lsg) on April 11, 2025. At the time of filing, Debtor had estimated assets of between $500,001 to $1 million and liabilities of between $100,001 to $500,000. Judge Lisa S. Gretchko oversees the case. The Frank Firm, PLLC is Debtor's legal counsel. JMAY REALTY: Seeks 30-Day Extension of Plan Filing Deadline ----------------------------------------------------------- JMAY Realty Investment Co. asked the U.S. Bankruptcy Court for the Southern District of Texas to extend its exclusivity periods to file a plan of reorganization for additional thirty days. This is the Debtor's first request to extend the exclusivity periods. The Debtor explains that it has made good-faith progress toward formulation of a plan and requires additional time to complete its financial analysis and finalize a feasible plan of reorganization. The issues presented in this case, including evaluation of income from multiple properties and the potential need for asset sales, necessitate additional time to ensure that any proposed plan is feasible. The Debtor claims that the requested 30-day extension is modest and necessary. Granting the extension will promote an efficient and orderly reorganization process by allowing the Debtor to propose a single, well-developed plan rather than multiple or premature plans, thereby conserving estate resources. The Debtor asserts that the requested extension will not prejudice creditors. The Debtor's mortgage holders are continuing to receive adequate protection payments. Moreover, a brief extension will increase the likelihood the creditors are presented with a feasible and confirmable plan, thereby minimizing delay and administrative expense associated with multiple or unsuccessful plans. JMAY Realty Investment Co. is represented by: Broocks M. Wilson, Esq. WILSON FRIERY PLLC 708 Main Street 10th Floor Houston TX 77002 Tel: (281) 938-0896 E-mail: mack@wilsonfriery.com About JMAY Realty Investment Co. JMAY Realty Investment Co. holds and rents out real estate assets to tenants as part of its property investment operations. JMAY Realty Investment filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80135) on March 2, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The petition was signed by Rejone Edwards as president. Judge Alfredo R Perez presides over the case. Broocks Wilson, at Wilson Friery PLLC, is serving as the Debtor's counsel. JR AND SP: Seeks Approval to Hire DeMarco Mitchell as Counsel ------------------------------------------------------------- JR and SP Holdings LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire DeMarco Mitchell, PLLC to serve as counsel. The firm will provide these services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will be compensated on an hourly basis for actual and necessary services rendered, together with reimbursement of actual and necessary expenses. Current hourly rates are $500 for Robert T. DeMarco, $300 for Michael S. Mitchell, and $125 for paralegal Barbara Drake. DeMarco Mitchell, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DeMarco Mitchell, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About JR and SP Holdings LLC JR and SP Holdings LLC, doing business as Gary's Gun & Pawn, operates a Mount Pleasant, Texas-based pawn shop and firearms retailer that buys, sells and trades firearms, jewelry, tools, electronics and other merchandise, while also offering pawn loans and related retail services to local consumers. JR and SP Holdings LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26 42900-elm11) on July 1, 2026. At the time of the filing, the company had estimated assets of between $1,000,001 and $10 million and estimated liabilities of between $500,001 and $1 million. Judge Edward L. Morris oversees the case. DeMarco Mitchell, PLLC is the company's legal counsel. JVL 1998: Seeks to Hire Desai Law Firm LLC as Bankruptcy Counsel ---------------------------------------------------------------- JVL 1998 Apartments L.L.C. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Missouri to hire The Desai Law Firm, LLC as counsel. The firm's services include: a. advising the Debtor with respect to its rights, power and duties in this Chapter 11 case; b. assisting and advising the Debtor in its consultations with any committee appointed in this case; c. assisting the Debtor in analyzing the claims of creditors and negotiating with such creditors; d. assisting the Debtor with investigation of the assets, liabilities and financial condition of the Debtor and reorganizing the Debtor's business in order to maximize the value of the Debtor's assets for the benefit of all creditors; e. advising the Debtor in connection with the sale of assets or business; f. assisting the Debtor in its analysis of and negotiation with any third-party concerning matters related to, among other things, the terms of a plan of reorganization; g. assisting and advising the Debtor with respect to any communications with the general creditor body regarding significant matters in this case; h. commencing and prosecuting necessary and appropriate actions and/or proceedings on behalf of the Debtor; i. reviewing, analyzing or preparing, on behalf of the Debtor, all necessary applications, motions, answers, orders, reports, schedules, pleadings and other documents; j. representing the Debtor at all hearings and other proceedings; k. conferring with other professional advisors retained by the Debtor in providing advice to the Debtor; l. performing all other necessary legal services in this case as may be requested by the Debtor in this Chapter 11 case; and m. assisting and advising the Debtor regarding pending litigation matters in which the Debtor may be involved, including continued prosecution or defense of actions and/or negotiations on the Debtor's behalf. The firm's hourly billing rates are: Partners $425 Associates $300 Paralegal $125 The Desai Law Firm, LLC is a "disinterested person" as that phrase is defined in Section 101(14) of the Bankruptcy Code, as modified by Section 1107(b) of the Bankruptcy Code. The firm can be reached through: Spencer P. Desai, Esq. THE DESAI LAW FIRM, LLC 13321 North Outer Forty Road, Suite 300 St. Louis, MO 63017 Telephone: (314) 666-9781 Facsimile: (314) 448-4320 Email: spd@desailawfirmllc.com About JVL 1998 Apartments L.L.C. JVL 1998 Apartments, L.L.C. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Case No. 26-42058) on May 12, 2026, with $1 million to $10 million in both assets and liabilities. Judge Bonnie L. Clair presides over the case. Spencer P. Desai, Esq., at The Desai Law Firm, LLC represents the Debtor as bankruptcy counsel. KING AT EIGHT: Initiates Subchapter V Bankruptcy in Georgia ----------------------------------------------------------- On July 6, 2026, King at Eight Enterprise, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $1 million and $10 million in liabilities and 1-49 creditors. A meeting of creditors under Section 341(a) to be held on August 10, 2026 at 02:00 PM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6960876. The Debtor must file its Chapter 11 Subchapter V plan no later than October 5, 2026. About King at Eight Enterprise, LLC King at Eight Enterprise, LLC is a Stone Mountain, Georgia-based residential real estate rental company. As of July 2026, the company operates as a debtor-in-possession managing a portfolio of residential properties, including its primary asset, a 1-acre property at 7006 Covington Highway in Lithonia, Georgia. King at Eight Enterprise, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-58760) on July 6, 2026. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Leslie M. Pineyro, Esq., of Jones and Walden, LLC. Tamara M. Ogier is appointed Subchapter V Trustee. KONA COAST: Case Summary & Six Unsecured Creditors -------------------------------------------------- Debtor: Kona Coast Venture, Ltd. d/b/a Whitewater Amphitheater d/b/a Whitewater Music 11860 FM 306 New Braunfels, TX 78132 Business Description: Kona Coast Venture, Ltd., doing business as Whitewater Amphitheater, operates an outdoor live music venue in New Braunfels, Texas. Opened in 2007, the venue hosts concerts and provides event-related information including ticketing, season boxes, ADA access, venue policies, booking inquiries, and production details. It serves concertgoers, artists, Texans, and tourists. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-51866 Judge: Hon. Aubrey L Thomas Debtor's Counsel: Lynn Hamilton Butler, Esq. HUSCH BLACKWELL LLP 111 Congress Avenue, Suite 1400 Austin, TX 78701 Tel: 512-479-9758 E-mail: lynn.butler@huschblackwell.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by William Korioth as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/6CSCA2A/Kona_Coast_Venture_Ltd__txwbke-26-51866__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Six Unsecured Creditors: Entity Nature of Claim Claim Amount 1. American Express $165,100 P.O. Box 981535 El Paso, TX 79998-1535 2. Comptroller of Public Accounts $79,433 111 E 17th Street Austin, TX 78774-0100 3. Comptroller of Public Accounts $16,726 P.O. Box 13528 Austin, TX 78774-0100 4. Texas Workforce Commission $312 Tax-Collections 101 E. 15th Street Austin, TX 78778-0001 5. U.S. Small Business Administration $140,865 SBA Disaster Loan Service Center 1545 Hawkins Blvd, Suite 202 El Paso, TX 79925-2652 6. United States Department of the Treasury $2,740 1619 Woodward Street Austin, TX 78722 LABFITOUT LLC: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: LabFitOut LLC f/k/a Stem Solutions LLC 591 North Avenue, Door 3 Wakefield, MA 01880 Business Description: LabFitOut LLC is a Wakefield, Massachusetts- based specialty subcontractor that provides and installs laboratory casework, fume hoods, fixtures, and equipment for commercial and educational environments. The company provides lab fit-out services including pre-construction, project management, drafting, procurement, installation, and warranty support, serving sectors such as life sciences, K-12 education, higher education, healthcare, and government. LabFitOut LLC was founded in 2014. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court District of Massachusetts Case No.: 26-11622 Debtor's Counsel: Kate E Nicholson, Esq. NICHOLSON DEVINE LLC 21 Bishop Allen Drive Cambridge, MA 02139 Tel: (857) 600-0508 E-mail: kate@nicholsondevine.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by D. Edward St. Peter Jr. as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HHGNRJY/LabFitOut_LLC__mabke-26-11622__0001.0.pdf?mcid=tGE4TAMA LASEN INC: Hires Mesilla Valley Estate Sales as Auctioneer ---------------------------------------------------------- Lasen, Inc. and SkySkopes, Inc. seek approval from the U.S. Bankruptcy Court for the District of Arizona to hire Mesilla Valley Estate Sales dba NM Estate Auctions as auctioneer. Mesilla will render these services: (a) inspect, lot, catalog, photograph, and prepare the Assets for sale; (b) advertise and promote the sale; (c) conduct a public auction (live, online, or hybrid) on a date and at a location approved by Lasen; and (d) collect proceeds, account for sales, and remit net proceeds to the estate. The Debtor seeks approval to employ Mesilla on a customary commission basis -- specifically a commission of 35% of the gross sales proceeds and a 15% commission on automobiles plus applicable reconditioning expenses. Mesilla has no adverse interest to the estate, is disinterested within the meaning of the Bankruptcy Code, and does not hold or represent any interest adverse to the estates with respect to the matters on which it is to be employed, according to court filings. The firm can be reached through: Crystal Valenzuela Mesilla Valley Estate Sales, LLC dba NM Estate Auctions 808 Raleigh Rd. Las Cruces, NM 88005 Phone: (575) 639-0213 About Lasen Inc. Lasen Inc. develops and operates airborne LiDAR systems for leak detection and pipeline inspections across North America. The Company's proprietary Airborne LiDAR Pipeline Inspection System (ALPIS) identifies methane leaks with high accuracy and efficiency, supporting right-of-way and transmission line monitoring. founded in 1989, LaSen has inspected over 500,000 miles of pipeline and specializes in remote sensing technologies adapted from U.S. defense applications. Lasen Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-05316) on June 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Brenda K. Martin handles the case. The Debtors are represented by Randy Nussbaum, Esq., at Cavanagh Law Firm. LEACH PAINTING: Court Extends Cash Collateral Access to Aug. 31 --------------------------------------------------------------- Leach Painting, Inc. received second interim approval from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral through August 31. Under the second interim order, the Debtor is authorized to use cash collateral solely for post-petition operating expenses in accordance with an approved budget. Any budget savings achieved in a month may be carried forward and used during the following month. The Debtor is not allowed to exceed budgeted expenses by more than 10% during any monthly period although actual tax obligations may be paid in full. A copy of the Debtor's budget is available at https://shorturl.at/HttrK from PacerMonitor.com. As adequate protection, the Debtor must make an initial payment to St. Louis Bank totaling $12,500, followed by $15,000 by July 31, and $15,000 by August 31. If the Debtor fails to make a required payment, St. Louis Bank may seek expedited relief after providing notice and a ten-day opportunity to cure the default. In addition, St. Louis Bank and Newtek Bank, National Association will be granted replacement liens on the Debtor's post-petition assets to the same extent, validity, and priority as their respective pre-petition security interests. A continued hearing on the Debtor's use of cash collateral is scheduled for August 25, with objections due by August 24. Creditors that have already filed objections are not required to refile them. The order preserves all parties' rights, claims, remedies, and defenses regarding the Debtor's use of cash collateral, and the court retained jurisdiction over all matters related to the implementation and enforcement of the order. The order is available at https://shorturl.at/T3HyD About Leach Painting Inc. Leach Painting, Inc. is a family-owned and operated painting contractor founded in 1975 and serving the Phoenix Metro Area in Arizona. The company provides residential painting services, including interior, exterior, electrostatic, and wrought iron painting. Its additional services include specialty coatings, paint removal, pressure washing, drywall repairs, garage floor coating, and gate refinishing. Leach Painting sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-04726) on May 12, 2026, with up to $1 million in assets and up to $10 million in liabilities. Kristofer S. Hammon, president and chief executive officer, signed the petition. Eli Enger, Esq., at Udall Shumway PLC, represents the Debtor as legal counsel. LEADERS IN INNOVATION: George Oliver Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Bankruptcy Administrator for the Eastern District of North Carolina appointed George Mason Oliver as Subchapter V trustee for Leaders in Innovation and Nonwovens Commercialization LLC. Mr. Oliver will be compensated at $375 per hour for his services as Subchapter V trustee. Mr. Oliver disclosed in a court filing that he does not have an interest materially adverse to the interest of the Debtor's estate, creditors or equity security holders. The Subchapter V trustee can be reached at: George Mason Oliver, Esq. The Law Offices of George Oliver, PLLC 405 Middle Street P.O. Box 1548 New Bern, NC 28563 Phone: (252) 633-1930 Fax: (252) 633-1950 george@georgeoliverlaw.com About Leaders in Innovation and Nonwovens Commercialization Leaders in Innovation and Nonwovens Commercialization, LLC, operating as LINC Nonwovens, is a Raleigh, North Carolina-based nonprofit manufacturing incubator that commercializes niche, high-value technical nonwoven products developed at the Nonwovens Institute at North Carolina State University. Established in 2012 as a subsidiary of the NC State University Partnership Corporation, the company supports economic development and technology transfer by providing pilot-scale and low- to medium-volume manufacturing capabilities that allow industrial partners to introduce, test and scale nonwoven products before making larger commercial investments. Leaders in Innovation and Nonwovens Commercialization filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-02931) on June 30, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge David M. Warren presides over the case. Jason L. Hendren, Esq., at Hendren Redwine & Malone, PLLC represents the Debtor as legal counsel. LHLV LLC: Richard Preston Cook Named Subchapter V Trustee --------------------------------------------------------- Brian Behr, the U.S. Bankruptcy Administrator for the Eastern District of North Carolina, appointed Richard Preston Cook as Subchapter V trustee for LHLV, LLC. The Subchapter V trustee's hourly rate for this engagement is $375. Mr. Cook declared that he does not have an interest materially adverse to the interest of JHRG Manufacturing's estate, creditors or equity security holders. About LHLV LLC LHLV, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-02933) on June 30, 2026, with assets of up to $50,000 and liabilities of between $100,001 and $500,000. Judge Pamela W. Mcafee presides over the case. George M. Oliver, Esq., at The Law Offices of George Oliver, PLLC represents the Debtor as bankruptcy counsel. LIGADO NETWORKS: Seeks $32MM Settlement in Boeing Dispute --------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that bankrupt satellite operator Ligado Networks LLC has asked a Delaware bankruptcy court to approve a $32 million settlement with Boeing Co., resolving the aerospace company's $63.6 million claim at a substantial discount. Ligado said the agreement would avoid expensive and time-consuming litigation while advancing its Chapter 11 restructuring. According to court filings, the claims relate to performance-based payment obligations under contracts between the companies. Ligado said the negotiated settlement provides a practical resolution that benefits the bankruptcy estate by reducing potential legal costs and eliminating uncertainty over the disputed claims. The company entered Chapter 11 in January 2025 after defaulting on more than $4 billion in debt and missing required payments to Inmarsat Global Ltd. The restructuring has focused on reducing liabilities and resolving significant creditor claims through negotiated agreements, the report states. Ligado told the court that approval of the settlement would preserve estate resources and improve prospects for a successful reorganization. Boeing's claim would be resolved for approximately half of the amount originally asserted under the proposed agreement, Bloomberg reports. About Ligado Networks Ligado Networks, formerly LightSquared, provides mobile satellite services. The Debtor's satellite and terrestrial solutions, combined with powerful, lower mid-band spectrum, serve to supplement and broaden mobile coverage across the United States and Canada. On the Web: http://www.ligado.com/ On January 5, 2025, Ligado Networks LLC and certain of its affiliates each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-10006). Perella Weinberg Partners LP is serving as investment banker to Ligado, FTI Consulting, Inc. is serving as financial advisor, Milbank LLP is serving as legal counsel, and Richards, Layton & Finger P.A. is serving as co-counsel. Omni Agent Solutions LLC is the claims agent. An ad hoc group of first lien creditors is being advised by Guggenheim Securities, LLC as financial advisor, and by Sidley Austin LLP as counsel. An ad hoc group of crossholding creditors is being advised by Kirkland & Ellis LLP. LINDSLEY EXCAVATING: Gets Final OK to Use Cash Collateral --------------------------------------------------------- The United States Bankruptcy Court for the Northern District of New York entered a final order authorizing Lindsley Excavating, LLC to continue using cash collateral. The court authorized the Debtor to use cash collateral on a continuing basis in accordance with its monthly operating budget to fund payroll and other ordinary operating expenses. As adequate protection for secured creditors, the Debtor must make monthly payments of $1,300 to Caterpillar Financial Services Corporation, $1,965.59 to Volvo Financial Services LLC, $1,000 to Commercial Credit Group Inc., and $1,600 to Wells Fargo Equipment Finance, Inc. These payments will continue until the earlier of confirmation of the Debtor's Subchapter V plan or full repayment of the respective secured debts. The Debtor must also cure the missed May 2026 payment owed to Volvo through three equal installments during June, July, and August 2026. The order further granted all secured creditors listed on the Debtor's Schedule D, as well as any creditor identified in a filed UCC financing statement, continuing perfected replacement liens and security interests in their collateral to the same extent and priority as their prepetition liens. This protection ensures that the creditors' interests remain preserved while the Debtor continues operating under Chapter 11. The order also prohibited the Debtor from using or transferring funds related to Melink Solar, LLC projects if those funds constitute trust assets under Article 3-A of the New York Lien Law. At the same time, the order preserves the Debtor's right to challenge the validity, perfection, or enforceability of any secured creditor's lien, and allows the order to be modified upon a showing of cause by the Debtor or any other party in interest after appropriate notice. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/y3nsb275 from PacerMonitor.com. About Lindsley Excavating LLC Lindsley Excavating, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. N.Y. Case No. 26-30263-5-pgr) on April 3, 2026. In the petition signed by Shawn Lindsley, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Patrick G. Radel oversees the case. Peter A. Orville, Esq., at Orville & McDonald Law, P.C., represents the Debtor as legal counsel. LISBON VISTA: Seeks 120-Day Extension of Plan Filing Deadline ------------------------------------------------------------- Lisbon Vista Heights, LLC, asked the U.S. Bankruptcy Court for the Southern District of California to extend its exclusivity periods to file a plan of reorganization for additional one hundred twenty days. The Debtor explains that the relevant factors support an extension of the exclusive period during which only the company may file a plan. First, although the case is not unusually large or complex, the existence of the mechanic's lien in favor of HM Constructor complicates the issue of refinancing because lenders typically will not agree to accept a lien in second position, and they often insist on holding the only lien on a property. Second, sufficient time is needed to work out the details of the Plan, specifically, whether the Debtor will obtain new financing to complete the project, whether it will obtain new financing to pay creditors and address the issue of completion of the project later, after it emergences from Chapter 11, or whether a different path must be taken. Third, the Debtor is proceeding in good faith. The Debtor has no interest in causing undue delay. It participated in a mediation in March in an effort to resolve creditors' claims. While no definitive agreement was reached, constructive progress was made. Fourth, the Debtor does not have substantial bills coming due, which means that it is not allowing substantial bills to remain unpaid. Although the Debtor did not pay the postpetition property tax bill in the approximate amount of $20,000 that came due in April, and there is a post-petition bill for storm water control of approximately $5,000, these amounts are not substantial in light of the significant equity (almost $3 million) that existed in the Property on the petition date. Fifth, the Debtor's already-filed Plan includes a liquidation option. While liquidation of the Property before completion of the project is not the preferred approach given the Debtor's non-profit mission to provide affordable housing in the face of a severe housing shortage in Southern California (as publicized for years in the news media), a liquidation option with respect to residential real property with equity of almost $3 million presents at least one viable path to confirmation of a Plan in this case. Sixth, the Debtor made some progress at the mediation. It expects to make more progress with creditors, and to discuss specific proposals for the timing and amount of payment of their claims, once the Debtor determines its refinancing options. Seventh, the case has been pending for less than six months (since January 2, 2026), which is a modest amount of time. Cf. Dow Corning Corp., 208 B.R. at 665 (extending exclusivity when the case already had been pending for two years). Further, this is the Debtor's first request to extend the exclusive period within which only it may file a plan. Eighth, the Debtor is not seeking an extension of exclusively in order to pressure creditors. Instead, it seeks the extension to allow the Debtor more time to arrange financing to pay creditors and/or to complete the project and use the proceeds from home sales to pay creditors. Ninth, the availability of financing is an important unresolved contingency that will determine whether the Debtor will be able to continue with its affordable housing mission, or whether it must terminate that mission, liquidate the Property, pay creditors, and use the net sale proceeds in some other manner consistent with its non-profit mission. Lisbon Vista Heights, LLC is represented by: K. Todd Curry, Esq. Curry Advisors A Professional Law Corporation 185 West F Street, Suite 100 San Diego, CA 92101 Tel: (619) 238-0004 Fax: (619) 238-0006 Email: tcurry@currylegal.com About Lisbon Vista Heights Lisbon Vista Heights, LLC, is a California-based limited liability company that owns and manages an affordable housing residential community in the San Diego area. The Company holds the Lisbon Vista Heights property in Escondido, California, and is affiliated with Bay Vista, a nonprofit organization engaged in affordable housing development and operations. Lisbon Vista Heights, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-00001) on January 2, 2026. In its petition, the debtor reports total assets of $7,000,252 and total liabilities of $13,100,000. Honorable Christopher B. Latham is presiding over the case. The debtor is represented by K. Todd Curry, Esq., of Curry Advisors, A Professional Law Corporation. LQR HOUSE: Unit Signs Two-Year ByteDance Compute Deal ----------------------------------------------------- LQR House Inc.'s YHC AI Limited signed a two-year BytePlus ModelArk AI computing agreement with BytePlus Pte. Ltd., according to a press release furnished with a Form 8-K filed with the Securities and Exchange Commission. BytePlus is a ByteDance group company, and the agreement is dated June 26, 2026. The deal covers AI computing power on the BytePlus ModelArk platform for Fusion Five Continents Securities Limited, a brokerage platform LQR House recently acquired control of and consolidated. The company said the technology includes ByteDance's Seed 2.0 flagship foundation model and Dreamina Seedance 2.0 fast-inference video models. LQR House said the primary application is to enhance AI-driven research, quantitative modeling and automated portfolio optimization at Fusion Five Continents Securities. A secondary application is on-demand promotional video for the securities unit's AI and quantitative-modeling business. The company called the agreement its first major AI infrastructure investment following the acquisition and consolidation of Fusion Five Continents Securities and said it expects the relationship to expand to cloud computing and other AI technologies. About LQR House Inc. LQR House Inc. operates in wine and spirits e-commerce and alcohol-industry marketing. The Miami Beach, Florida-based company's flagship e-commerce platform is CWSpirits.com, which sells spirits, wines and champagnes in the U.S. market. Its business includes marketing strategies such as banner ads, email campaigns and influencer networks, and its subsidiaries include LQR House Acquisition Corp, SWOL Holdings Inc. and YHC Online Limited. In an audit report dated April 15, 2026, Enrome LLP included a going concern qualification for LQR House Inc., citing an accumulated deficit of $67.83 million as of Dec. 31, 2025, a net loss of US$25,522,618 for 2025 and operating cash outflow of US$33.82 million for the year. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, LQR House Inc. reported total assets of $29.97 million, total liabilities of $1.55 million, and total stockholders' equity of $28.42 million. MAIN STREET: Hires Shraiberg Page P.A. as Bankruptcy Counsel ------------------------------------------------------------ Main Street at Tuttle Royale, LLC seeks approval from the United States District Court for the Southern District of Florida to hire Shraiberg Page P.A. as its general bankruptcy counsel. The firm will provide these services: (a) advise the Debtors generally regarding matters of bankruptcy law in connection with this case; (b) advise the Debtors of the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, applicable bankruptcy rules, including local rules, pertaining to the administration of the case and U.S. Trustee Guidelines related to the daily operation of its business and administration of the estate; (c) represent the Debtors in all proceedings before this Court; (d) prepare and review motions, pleadings, orders, applications, adversary proceedings, and other legal documents arising in this case; (e) negotiate with creditors, prepare and seek confirmation of a plan of reorganization and related documents, and assist the Debtors with implementation of any plan; and (f) perform all other legal services for the Debtors which may be necessary. The firm's attorneys will charge hourly rates of $425 to $750 for attorneys and $350 for legal assistants. The hourly rate of Bradley S. Shraiberg, Esq. is $750. Bradley Shraiberg, Esq., a partner at Shraiberg Page P.A., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Bradley S. Shraiberg, Esq. Shraiberg Page P.A. 2385 NW Executive Center Drive, #300 Boca Raton, FL 33431 Tel: (561) 443-0800 Fax: (561) 998-0047 Email: bss@slp.law About Main Street at Tuttle Royale LLC Main Street at Tuttle Royale LLC is a single asset real estate company. Main Street at Tuttle Royale LLC and affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-21129) on Sept. 23, 2025. In its petition, the Debtor estimated assets between $10 million and $50 million and liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Mindy A. Mora handles the case. The Debtor is represented by Bradley S. Shraiberg, Esq. at Shraiberg Page PA. MANDS ELECTRIC: Court Extends Cash Collateral Access to Aug. 14 --------------------------------------------------------------- Mands Electric NC LLC received third interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Wilmington Division, to use cash collateral. Under the third interim order, the Debtor is authorized to use cash collateral (consisting primarily of bank account funds and accounts receivable) to pay expenses in accordance with its budget, provided use of any weekly budget line item does not exceed 110% of the budgeted amount. The Debtor projects total operational expenses of $99,499 for the week ending July 17; $105,172 for the week ending July 24; $102,620 for the week ending July 31; $119,175 for the week ending August 7; and $112,369 for the week ending August 14. The Debtor's authority to use cash collateral terminates on August 14, upon entry of an order modifying or terminating such authority, or upon entry of a final order authorizing continued use of cash collateral during the reorganization process. Several creditors, including merchant cash advance lenders, claim security interests in these assets through multiple UCC-1 filings. As protection, creditors will be granted a valid and continuing security interest in and lien on all post-petition assets of the Debtor similar to their pre-bankruptcy collateral. The next hearing is set for July 28. The order is available at https://shorturl.at/lqVi0 from PacerMonitor.com. About MANDS Electric NC LLC MANDS Electric NC LLC is a North Carolina-based electrical contracting company specializing in wiring new residential construction. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-01997) on May 1, 2026. In the petition signed by Mark Anthony McGarity, manager, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge David M. Warren oversees the case. Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey PLLC, represents the Debtor as legal counsel. MATTHEWS 350: Dave Matthews Wants to Block Financial Claims ----------------------------------------------------------- 16NewsNow reports that developer Dave Matthews has filed objections to multiple claims in his Chapter 11 bankruptcy case, asking the federal court to disallow or reduce certain debts asserted against his business. The filings are part of his broader effort to restructure his financial obligations while preserving his real estate operations. Matthews continues to manage the apartment property at 300 E. LaSalle Avenue as the bankruptcy case proceeds. At the same time, the court has yet to rule on the City of South Bend's request to transfer the dispute back to state court, a motion filed earlier this 2026, the report relays. Court documents state that Matthews has been unable to secure refinancing because of litigation involving the South Bend Redevelopment Commission. In public comments made earlier this year, he said bankruptcy protection would allow him to continue operating while awaiting resolution of the lengthy legal proceedings. About Matthews 350 E LaSalle LLC Matthews 350 E LaSalle LLC, doing business as 300 E LaSalle and 300 East LaSalle, is a real estate company based in South Bend, Indiana. Matthews 350 E LaSalle LLC and Commerce Center Development, LLC filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ind. Lead Case No. 26-30288) on March 10, 2026. At the time of filing, Matthews 350 E LaSalle estimated up to $50,000 in assets and $10 million to $50 million in liabilities. Weston E. Overturf, Esq., at Kroger, Gardis & Regas, LLP serves as the Debtor's counsel. MEANDERING BEND: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Meandering Bend, LLC 2450 Wickersham Ln. #202 Austin, Texas 78704 Business Description: Meandering Bend, LLC is a real estate company whose principal assets are located at 1011 E. 16th St. in Austin, Texas. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-34918 Debtor's Counsel: Justin Rayome, Esq. JUSTIN RAYOME, ATTORNEY AT LAW 5882 Sugar Hill Dr. Houston Texas 77057 Tel: 214-934-9345 E-mail: justin.rayome.law@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Ali Choudhri as authorized representative. 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/KQZXD2I/Meandering_Bend_LLC__txsbke-26-34918__0001.0.pdf?mcid=tGE4TAMA MEDICAL SYSTEM: Seeks to Hire Otteson Shaprio LLP as Counsel ------------------------------------------------------------ Medical System of Denver Inc. seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Otteson Shaprio LLP as counsel. The firm's services include: a. advising the Debtor with respect to its powers and duties as a debtor-in-possession in the continued operation of its business; b. advising the Debtor with respect to all general bankruptcy matters; c. preparing, on behalf of the Debtor, all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of its estate; d. representing the Debtor at all critical hearings on matters relating to its affairs and interests as debtors-in-possession before this Court, any appellate courts, and the United States Supreme Court, and protecting the interests of the Debtor; e. prosecuting and defending litigated matters that may arise during this Case, including such matters as may be necessary for the protection of the rights, the preservation of the estate's assets, or the Debtor's successful reorganization; f. negotiating appropriate transactions and preparing any necessary documentation related thereto; g. representing the Debtor on matters relating to the assumption or rejection of executory contracts and unexpired leases; h. advising the Debtor with respect to general corporate securities, real estate, litigation, environmental, labor, regulatory, tax, healthcare, and other legal matters which may arise during the pendency of these Cases; and i. advising the Debtor and assisting the Debtor with respect to the drafting, filing, soliciting and seeking confirmation of a Chapter 11 Plan. The firm will be paid at these rates: Kevin T. Schutte, Partner $650 John C. Leininger, Partner $550 Even P. Lee, Partner $490 Dina M. Bernardelli, Counsel $450 Courtney Poteete, Paralegal $250 Otteson Shaprio LLP is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according the court filings. The firm can be reached through: John C. Leininger, Esq. Kevin T. Schutte, Esq. OTTESON SHAPIRO LLP 4643 S. Ulster Street, Suite 1300 Denver, CO 80237 Telephone: (214) 619-8325 Email: jcl@os.law kschutte@os.law About Medical System of Denver Inc. Medical System of Denver Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-14467) on June 21, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Thomas B Mcnamara presides over the case. John Leininger, Esq. at Otteson Shapiro LLP serves as the Debtor's counsel. MEGNA GRIZZLY: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: Megna Grizzly Bear's Burger, Inc. 2211 Sierra Highway Acton CA 93510 Chapter 11 Petition Date: July 6, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16723 Judge: Hon. Neil W Bason Debtor's Counsel: Michael D. Kwasigroch, Esq. LAW OFFICES OF MICHAEL D. KWASIGROCH 1975 Royal Avenue, Suite 4 Simi Valley CA 93065 Tel: (805) 522-1800 Email: attorneyforlife@aol.com Estimated Assets: Unknown Estimated Liabilities: Unknown The petition was signed by Mahmud Ulkarim as president. The Debtor has declared in the petition that it has no unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SA6AKXI/Megna_Grizzly_Bears_Burger_Inc__cacbke-26-16723__0001.0.pdf?mcid=tGE4TAMA MIGHTY LEASE: Plan Exclusivity Period Extended to July 27 --------------------------------------------------------- Judge Katharine M. Samson of the U.S. Bankruptcy Court for the Southern District of Mississippi extended Mighty Lease, LLC's exclusive periods to file a disclosure statement and plan of reorganization to July 27, 2026. As shared by Troubled Company Reporter, the Debtor explains that the success of this case relies largely on the success of the companion case of Unlimited Deliveries LLC, Case No. 26-50139-KMS. Unlimited Deliveries is filing its own motion to extend exclusivity for similar reasons as well as increased fuel prices. The Debtor claims that because the plan and disclosure statement in this case will rely heavily on the plan and disclosure statement filed in the Unlimited Deliveries case, it would be premature to file a plan and disclosure statement in this case without corresponding plan and disclosure statement in Unlimited Deliveries. Accordingly, until such time as the Debtor "wraps up" as many motions for relief from the automatic stay as possible and a plan and disclosure statement are formulated and filed in the Unlimited Deliveries case, it would be meaningless to file a disclosure statement and plan of reorganization at this point because of all these uncertainties. Mighty Lease, LLC is represented by: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 Email: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Mighty Lease Mighty Lease, LLC, based in Gulfport, Mississippi, provides automotive equipment rental and leasing services, serving clients in Mississippi and surrounding regions. Mighty Lease, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 26-50142) on Jan. 28, 2026, listing $10 million to $50 million in both assets and liabilities. Judge Katharine M Samson presides over the case. Craig M. Geno, at LAW OFFICES OF GENO AND STEISKAL, PLLC, is serving as the Debtor's counsel. MILLERKNOLL: S&P Alters Outlook to Stable, Affirms 'BB' ICR ----------------------------------------------------------- S&P Global Ratings revised its outlook on U.S.-based office and residential furniture manufacturer MillerKnoll to stable from negative, reflecting its expectation that the company will maintain S&P Global Ratings-adjusted leverage comfortably below 4x and generate $85 million in free operating cash flow (FOCF) in 2027. S&P said, "At the same time, we affirmed all of our ratings on the company, including the 'BB' issuer credit rating and 'BB+' rating on the senior secured bank facility. The recovery rating remains '2', indicating our expectation of substantial (70%-90%: rounded estimate 70%) recovery in the event of a payment default. "We expect MillerKnoll will continue to benefit from favorable demand trends and offset potential input cost inflation through price increases, operational discipline, and a focus on balance-sheet deleveraging. This is notwithstanding the upcoming first quarter ending August 2026, which is against a tough prior-year comparable period. "In addition, despite the renewed hostilities in the Middle East, the company has a demonstrated track record over the last five years of mitigating difficult macroeconomic conditions and preserving credit metrics. MillerKnoll has maintained S&P Global Ratings-adjusted leverage below 4x over the past year despite tariff headwinds; we forecast leverage of around 3.6x as of fiscal year-end May 2027. "We expect MillerKnoll will continue to benefit from slow demand growth, driven by stable office occupancy. While we believe volumes for both North American industry and MillerKnoll are at least 20% below pre-pandemic levels and that net sales are about flat due to price increases, the company's North American and International contract business segments reported 2%-5% net sales growth in each of the last two fiscal years. "We believe office building occupancy rates in the largest U.S. cities have gradually improved to the mid-50% area compared to about 50% in mid-2023 and mid-2024 and 15% at the depth of the pandemic. We believe this partly reflects large employers' recognition of the benefits of having their employees in the office on a more consistent basis. In addition, many U.S. businesses reduced their real estate footprint following the onset of the pandemic and may be partly reversing these actions to account for more employees in the office. These factors could improve demand for the company's products. The company indicates rolling-four-quarter commercial real estate net absorption reached its highest post-pandemic level in the calendar quarter ended March 31, 2026. "Assuming no macroeconomic shocks or materially higher inflation, we expect the company will gradually strengthen credit ratios, including S&P Global Ratings-adjusted leverage reaching 3.5x over the next two years compared to about 3.7x as of May 30, 2026. Furthermore, we forecast reported FOCF will increase to about $125 million by 2028 from $85 million in 2026." The expected financial benefits from the Herman Miller/Knoll combination have not materialized, at least partly due to industry and macroeconomic factors. The company's S&P Global Ratings-adjusted EBITDA margin remains in the low-12% area compared to our expectation at the time of the combination of 15% in fiscal 2026. In addition, S&P's current forecast for reported FOCF of around $85 million-$125 million in fiscal 2027 and 2028 is well below its original $325 million projection, supporting our 2022 downgrade to the current 'BB' issuer credit rating. This underperformance stemmed primarily from the delayed rebound in demand following the pandemic (including industry volumes that are still well below pre-pandemic levels), the substantial global supply-chain disruptions and high inflation since the combination, and some Herman Miller/Knoll dealer defections. Given limited cash-flow generation and the cyclical nature of the industry, the outlook revision places some reliance on the interim CEO's statements around operational and financial policy. MillerKnoll plans to prioritize operational discipline and strengthen its balance sheet to reach its 2x-2.5x leverage target. S&P's rating action places some reliance on the interim CEO's statements that in fiscal 2027, the company will focus on operating and cost discipline as well as balance-sheet improvement by strengthening cash flow and reducing debt. MillerKnoll plans to focus more of its new store opening efforts on smaller 1,800-square-foot Herman Miller formats. Compared to the larger 7,000-9,000 square foot Design Within Reach stores, these are lower cost, higher-return investments that ramp-up faster. S&P said, "While we believe meaningful credit-measure strengthening would come primarily from EBITDA growth as opposed to debt repayment, we view MillerKnoll's focus on debt repayment positively. We assume the dividend will grow by around 2% annually and share repurchases will be limited to about $15 million annually to offset a portion of dilution from employee stock-based compensation." A 0.3x reduction in the company-defined leverage target to the top end of its 2.0x-2.5x target (from 2.8x as of May 30, 2026) would imply S&P Global ratings-adjusted leverage of about 3.4x compared to an estimated 3.7x as of May 30, 2026. The company has no material debt maturities until 2030. Nevertheless, it's possible there will be a modest weakening of credit ratios in the first quarter of 2027 due to a difficult prior-year comparable period, during which there was a sizable pull-forward of demand ahead of price increases. This is evident by the 6.9% organic order decline in the fourth quarter (ended May 30, 2026), which will be a headwind to first-quarter 2027 sales. S&P said, "Commodity inflation is a risk, most of which we assume will be offset through higher pricing and cost discipline. Despite renewed hostilities in the Middle East, we assume no sustained widespread conflict. While the potential for an increase in the price of oil could negatively impact the economy and lead to higher resin and logistics costs, we expect MillerKnoll's efforts over the last several months to layer-in price increases should at least partially offset input-cost inflation in 2027. We believe that the company has had success historically passing on commodity cost increases--albeit often with a lag--to customers and is attempting to get ahead of anticipated fiscal 2027 cost inflation." The company recently increased list prices in the contract business. In its global retail business, the company took an 8% effective price increase midway through the fourth quarter of 2026, which management indicates has thus far been well absorbed. Moreover, the company recently announced the closure of a facility in Muskegon, which should lead to productivity benefits. S&P said, "Our rating does not factor in the potential impact of artificial intelligence (AI) on the office furniture industry. This is because there is too much uncertainty around the timing and magnitude of such adoption. It's not clear whether and, if so, to what extent AI will result in a meaningful reduction in white collar jobs and what the impact would be on office space occupancy and demand for office furniture products. It's possible that AI will be used as a tool to increase employee productivity and speed, thereby limiting job losses. At the same time, we can envision scenarios where there are sizable white collar job losses, leading to reduced office space occupancy and demand for office furniture. "The stable outlook reflects our expectation that MillerKnoll will prioritize cost discipline and debt repayment over shareholder returns--particularly given still-high geopolitical tensions and expectations for increasing inflation. We forecast the company will maintain S&P Global Ratings-adjusted leverage comfortably below 4x and generate $85 million reported FOCF in 2027. "We could lower our rating over the next 12 months if we project the company will sustain S&P Global Ratings-adjusted leverage of 4x or higher or we expect reported FOCF will fall materially below our expectations, which include $85 million in 2027 and $125 million in 2028." This could occur if profitability declines due to: -- Commercial occupancy trends worsening or an economic downturn leading to deteriorating demand for office furniture and escalating price competition; -- Unfavorable developments with respect to tariffs, including the United States-Mexico-Canada Agreement; -- An inability to mitigate input cost increases, supply-chain disruptions, or an adverse impact on demand from escalating geopolitical tensions. S&P said, "We could also lower our rating if the company adopts more aggressive financial policies by executing large share repurchases or acquisitions. "While unlikely over the next year, we could raise the rating if we believe MillerKnoll will sustain S&P Global Ratings-adjusted leverage below 3x and improve FOCF above our current expectations." This could occur if: -- Profitability at the contract office furniture businesses strengthens due to a combination of consistent volume growth, moderate price increases, and cost discipline; -- The global retail business grows materially due to the successful ramp-up of new and recently opened stores, coupled with satisfactory consumer spending against an improving housing market backdrop; and -- MillerKnoll commits to more conservative financial policies, and S&P believes the company will continue to maintain adequate liquidity to weather a potential downturn. MONEY MOVES: Seeks Subchapter V Bankruptcy in New York ------------------------------------------------------ On June 16, 2026, Money Moves Trading LLC, an Albany, New York-based residential real estate leasing company, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of New York. According to court filings, the debtor reports between $100,000 and $500,000 in assets, between $100,000 and $500,000 in liabilities, and between one and 49 creditors. The court has set December 14, 2026, as the deadline for government agencies to file claims. About Money Moves Trading LLC Money Moves Trading LLC operates as a single-asset real estate entity focused on owning and leasing residential properties. The company’s current operations involve managing a multi-family duplex property in Albany, New York, with an outstanding mortgage balance of approximately $193,130 and an estimated equity position of $277,836 as of June 2026. Money Moves Trading LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-10664) on June 16, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $100,000 to $500,000. Honorable Bankruptcy Judge Patrick G. Radel handles the case. The debtor is represented by Michael Ready Treanor, Jr., Esq., of Treanor Law Offices. Paul Levine is appointed as Subchapter V Trustee. MONTANA VILLAGE: Seeks Continued Cash Collateral Access ------------------------------------------------------- Montana Village Developers, LLC asks the U.S. Bankruptcy Court for the District of Colorado for authority to continue using cash collateral and provide adequate protection. The Debtor developed a completed nineteen-unit townhome project in Denver, Colorado, but encountered severe financial distress after Xcel Energy failed to provide electrical service for more than three years. Although the Debtor applied for utility service in January 2022, electricity was not connected until February 2025, preventing the sale of the completed townhomes and ultimately causing the project to enter foreclosure. RE III Debt I LLC filed a UCC-1 financing statement in October 2022 asserting a security interest in substantially all of the Debtor's assets, while Indicate Capital REIT, LLC may possess rights through an assignment of rents, although it did not file a UCC-1 financing statement. Because these creditors may have security interests in the Debtor's revenues and funds, the Debtor seeks continued authority to use this cash collateral for ordinary business operations while providing the protections established in prior court orders. Shortly after filing for bankruptcy, it requested permission to use cash collateral on both an interim and final basis. The court granted interim authorization on October 17, 2025, followed by a final order on November 6, 2025, approving the use of cash collateral through March 31, pursuant to an approved operating budget. The final order expressly permitted extensions through the filing of revised budgets and notice to interested parties. Exercising that authority, the Debtor sought a modification in December 2025, and the court entered an order on January 14, extending the authorization through July. The Debtor filed its original Plan of Reorganization and Disclosure Statement on December 12, 2025, followed by an amended plan and amended disclosure statement on March 11, 2026. Indicate Capital REIT, LLC objected to the adequacy of the disclosure statement, and the bankruptcy court conducted an evidentiary hearing on April 1, 2026. Because the court has not yet ruled on the disclosure statement or the objection, confirmation proceedings remain ongoing. The Debtor anticipates that the plan confirmation process will extend beyond July and therefore requires continued access to cash collateral to maintain operations until confirmation is resolved. The Debtor argues that continued use of cash collateral has significantly improved the value of the property. Rather than remaining vacant, the completed townhome development has been converted into a fully leased residential community, generating stable rental income while preserving the secured creditors' collateral. The proposed six-month operating budget covers expenses necessary to maintain the property, including the purchase of appliances and window coverings for units, repairs and maintenance, utilities, landscaping, snow removal, leasing costs, management fees, insurance, professional services, and other routine operating expenses. According to the Debtor, these expenditures preserve and enhance the property's value for the benefit of all secured creditors while allowing the business to continue operating during the Chapter 11 case. A copy of the motion is available at https://urlcurt.com/u?l=zA9UOa from PacerMonitor.com. About Montana Village Developers LLC Based in Denver, Colorado, Montana Village Developers, LLC, is a real estate development company focused on a single property, qualifying it as a single-asset real estate entity under 11 U.S.C. Section 101(51B). It is managed by Nathan Adams through its sole equity holder, redtCapital Partners, LLC. Montana Village Developers filed its voluntary petition for Chapter 11 protection (Bankr. D. Colo. Case No. 25-16406) on Oct. 1, 2025, listing between $10 million and $50 million in both assets and liabilities. The petition was signed by Nathan Adams in his capacity as manager of redtCapital Partners, LLC, the Debtor's managing member. Judge Joseph G Rosania Jr. oversees the case. Wadsworth Garber Warner Conrardy, P.C., serves as the Debtor's legal counsel. MULGA, AL: S&P Affirms 'BB+' Rating on Water and Gas Utility Bond ----------------------------------------------------------------- S&P Global Ratings revised the outlook to stable from negative and affirmed its 'BB+' underlying rating (SPUR) on the Town of Mulga, Alabama's combined water and gas utility revenue bonds. S&P said, "The outlook revision reflects our opinion of the utility's robust debt service coverage in fiscal years 2024 and 2025 following two years of less than 1x coverage. We attribute the improved coverage in part to more frequent rate increases and declines in natural gas costs that previously contributed to weak coverage in 2022 and 2023. "The stable outlook reflects our opinion that the utility's more frequent rate increases and tempering of natural gas prices since 2023 have contributed to more robust coverage and stable liquidity. Furthermore, we believe that Mulga's recent track record of more frequent rate increases points to a willingness to maintain coverage above 1x. "We could lower the rating if water and natural gas revenue deteriorated, as would be evident in increased delinquencies or uncollectible accounts, or if rate increases were insufficient to fully recover the covenanted net revenue. We could also lower the rating in case of liquidity degradation or another rate covenant violation. "We are unlikely to raise the rating in the next two years considering the continued decline in customer accounts that could challenge the utility's ability to pass rates to a declining customer base." MULTI-RACE HOUSING: Hires Patrick J Gros CPA as Accountant ---------------------------------------------------------- Multi-Race Housing LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Patrick Gros on an INTERIM basis to act as its certified public accountant. Mr. Gros to assist the Debtor and its estate with all actions necessary to confirm its Plan including but not limited to preparing Debtor's Monthly Operating Reports (MORs) and preparing Debtor's Plan Feasibility Projections. The hourly rates for Mr. Gros and staff are to be charged as follows: $250 per hour for Mr. Gros, $175 per hour for manager, $140 per hour for seniors, and $95 per hour for staff. Mr. Gros assured the court that he does not hold or represent any interest adverse to the estate and is a "disinterested person" within the meaning of the Bankruptcy Code. Mr. Gros can be reached at: Patrick Gros, CPA Patrick J Gros CPA APAC 651 River Highlands Blvd. Covington, LA 70433 Phone: (985) 898-3512 About Multi-Race Housing LLC Based in Franklinton, Louisiana, Multi-Race Housing LLC operates as a real estate holding company that owns 10 residential rental properties across various addresses. Its activities center on acquiring and managing single-family housing assets in the local market, with occasional property sales reflecting ongoing portfolio adjustments. Multi-Race Housing LLC in Franklinton, LA, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D. La. Case No. 26-10583) on March 16, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Donald Gaudet as managing member and sole owner, signed the petition. Judge Meredith S Grabill oversees the case. THE DE LEO FIRM, LLC serve as the Debtor's legal counsel. NAUTICUS ROBOTICS: Secured Lender Exchanges $4M Debt for Preferred ------------------------------------------------------------------ A Nauticus Robotics, Inc., institutional investor exchanged about $4 million of secured convertible debt and accrued interest for 4,800 Series C preferred shares June 26, according to a Form 8-K filed with the Securities and Exchange Commission. The Series C preferred shares have an aggregate stated value of about $4.8 million. The exchange agreement relates to Nauticus Robotics' Sept. 18, 2023, senior secured term loan agreement. The holder also has the right, subject to the agreement's terms, to require one or more additional exchanges of remaining indebtedness under the term loan agreement for additional Series C preferred shares. Nauticus Robotics said no commission or other remuneration was paid for soliciting the exchange, which was made in reliance on the Securities Act's Section 3(a)(9) exemption. In a press release furnished as an exhibit to the filing, the company said the transaction eliminates about $4 million of debt from its balance sheet, increases stockholders' equity and is expected to support its efforts to maintain compliance with Nasdaq's stockholders' equity requirements. About Nauticus Robotics Nauticus Robotics, Inc., develops electric autonomous robotic systems and software for subsea applications. The Webster, Texas-based company's portfolio includes autonomous underwater vehicles, electric robotic manipulators, a platform-agnostic robotic operating system, and engineering, consulting and prototype services. It serves commercial and defense markets, including offshore energy, national security, offshore renewables, seafloor telecommunications, aquaculture, port security, oceanographic research and subsea mining. In an audit report dated April 15, 2026, WithumSmith+Brown, PC included a going concern qualification for Nauticus Robotics, Inc., citing recurring net losses, negative operating cash flows, a working capital deficit and insufficient cash and cash equivalents to fund operations for 12 months from the report date. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, Nauticus Robotics, Inc. reported total assets of $40.21 million, total liabilities of $35.96 million and total stockholders’ equity of $4.25 million. NEEMA LLC: Seeks Subchapter V Bankruptcy in North Carolina ---------------------------------------------------------- On July 6, 2026, NEEMA, LLC and its affiliated debtors filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of North Carolina. According to court filings, the Debtors report estimated liabilities between $500,000 and $1 million owed to 1-49 creditors. The petition lists estimated assets between $500,000 and $1 million. A meeting of creditors under Section 341(a) to be held on August 4, 2026 at 10:00 AM at Raleigh 341 Meeting Room. About NEEMA, LLC NEEMA, LLC is a Raleigh, North Carolina-based multifamily residential real estate leasing and holding company. The company operates as a single asset real estate (SARE) business, with its principal property located at 1206/1207 Nova Street in Durham, North Carolina. NEEMA, LLC and its affiliated debtors sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03049) on July 6, 2026. In their petition, the Debtors report estimated assets of $500,000 to $1 million and estimated liabilities of $500,000 to $1 million. The Honorable U.S. Bankruptcy Judge assigned to the case handles the proceedings. The Debtors are represented by Joseph Zachary Frost, Esq. of Buckmiller & Frost, PLLC. NEO ZONE: Court Extends Cash Collateral Access to Aug. 31 --------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division entered a fourth order authorizing Neo Zone, Inc. to continue using cash collateral. Under the order, the Debtor is authorized to use cash collateral through Aug. 31, solely for post-petition operating expenses included in the approved budget. The Debtor may vary individual budget line items by up to 10%, provided the expenditures remain necessary for the ordinary course operation of the business. The Debtor projects total operational expenses of $937,144.15. As adequate protection, Woori Bank will be granted replacement post-petition liens on the Debtor's cash collateral and other collateral to the same extent and validity as its pre-petition security interests, effective as of the petition date. The Debtor must also maintain insurance on its assets at all times, naming Woori Bank as the loss payee, and continue making monthly payments of $6,304.15, due on the 20th of each month, to be applied against the bank's secured claim. The order preserves the rights of both the Debtor and Woori Bank to seek modification of the adequate protection terms if circumstances change. A final hearing is scheduled for Aug. 25. About Neo Zone Inc. Neo Zone, Inc., a company based in Shorewood, Illinois, provides intermodal transportation and logistics services, including container drayage, yard operations, and related freight handling, serving customers in the United States. It operates a fleet of intermodal chassis, trailers, and material-handling equipment supporting port-and terminal-based cargo movements. Neo Zone filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19703) on December 29, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Deborah L. Thorne presides over the case. David Freydin, Esq., at the Law Offices of David Freydin Ltd. represents the Debtor as bankruptcy counsel. NEW ENGLAND INVESTMENT: David Madoff Named Subchapter V Trustee --------------------------------------------------------------- The U.S. Trustee for Region 1 appointed David Madoff, Esq., a partner at Madoff & Khoury, LLP, as Subchapter V trustee for New England Investment Holding Corp. Mr. Madoff will be compensated at $495 per hour for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. In court filings, Mr. Madoff declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: David B. Madoff Madoff & Khoury, LLP 124 Washington Street, Suite 202 Foxborough, MA 02035 Phone: (508) 543-0040 Email: madoff@mandkllp.com About New England Investment Holding Corp. New England Investment Holding Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-30429) on June 30, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Louis S. Robin, Esq., at the Law Offices of Louis S. Robin represents the Debtor as bankruptcy counsel. NEW HOPE: Seeks to Extend Plan Filing Deadline to Oct. 28 --------------------------------------------------------- New Hope Housing, Inc. asked the U.S. Bankruptcy Court for the Eastern District of Virginia to extend its deadline to file a subchapter V plan of liquidation to Oct. 28, 2026. The Debtor explains that it has made significant steps toward liquidating its assets; however, it is likely that the value of the majority of its assets will not be realized before the Current Deadline. The Debtor claims that a Plan in this Case will require a prediction of the liquidation value of its unsold assets in order to be sufficiently informative to meet the requirements of the Bankruptcy Code and allow a creditor to vote upon such Plan. Predicting the sales prices particularly of any unsold Real Properties has the very real potential to harm the sales process. The Debtor believes that by the Extended Deadline a sufficient number of the Real Properties will be closed or under contract so that the Debtor will be able to more accurately predict a range of potential recoveries in a manner that will not harm the overall sales process. In addition, the Extended Deadline will provide the Debtor with additional time to resolve the priority claim filed by the Internal Revenue Service (the "IRS"), which will in turn impact projected distributions. The Debtor is presently working to provide the IRS with the documents and information requested. The Debtor submits that its request for the extension is "attributable to circumstances for which the debtor should not justly be held accountable." The Debtor has made good progress on liquidating its assets while continuing to run its remaining programs for the benefit of the community. The Extended Deadline is sought to ensure that the value of its assets are maximized and is not due to any neglect or inattention of the Debtor. New Hope Housing Inc. is represented by: Brittany B. Falabella, Esq. David I Swan, Esq. Kollin G. Bender, Esq. HIRSCHLER FLEISCHER, P.C. The Edgeworth Building 2100 East Cary Street Post Office Box 500 Richmond, VA 23218-0500 Telephone: (804) 771-9500 Facsimile: (804) 644-0957 E-mail: bfalabella@hirschlerlaw.com dswan@hirschlerlaw.com kbender@hirschlerlaw.com About New Hope Housing Inc. New Hope Housing, Inc., is a non-profit agency based in Alexandria, Virginia. Founded in 1977, the organization has provided services to homeless families and single adults since 1978. It offers housing programs and support services in Northern Virginia, including group homes, Housing First apartments, homeless prevention and rapid re-housing, education and employment support, and mobile medical outreach. The Debtor sought protection under Chapter 11 of the U.S Bankruptcy Code (Bankr. E.D. Va. Case No. 26-11054) on May 1, 2026, with $1 million to $10 million in assets and liabilities. Ann Barrett, executive director, signed the petition. Judge Brian F Kenney oversees the case. Brittany B. Falabella, at HIRSCHLER FLEISCHER, P.C., is the Debtor's legal counsel. NICHOLS STRATEGIES: Section 341(a) Meeting of Creditors on July 22 ------------------------------------------------------------------ On June 17, 2026, Nichols Strategies, LLC, a Sacramento, California-based public relations and strategic communications firm serving educational institutions, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of California. According to court filings, the debtor reports between $500,000 and $1 million in liabilities, including a $451,000 Economic Injury Disaster Loan (EIDL), and owed to between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 22, 2026 at 09:00 AM via Sacramento Conference Line: 888-330-1716 Passcode: 4191086#. About Nichols Strategies, LLC Founded as a strategic communications consultancy, Nichols Strategies, LLC provides public relations, crisis communications, media relations and community engagement services primarily to K-12 school districts and educational organizations. The company maintains offices in Sacramento and Roseville, California, and has advised numerous public school systems on communications strategy and crisis management. Nichols Strategies, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-23467) on June 17, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Christopher M. Klein presides over the case. Stephan M. Brown, Esq at The Bankruptcy Group, P.C. represents the Debtor as legal counsel. Scott Sackett appointed as Subchapter V Trustee. NYC OF PIERMONT: Section 341(a) Meeting of Creditors on July 16 --------------------------------------------------------------- On June 17, 2026, NYC of Piermont LLC, a Piermont, New York-based operator of Confetti Ristorante & Vinoteca, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. According to court filings, the debtor reports between $1 million and $10 million in liabilities and between one and 49 creditors. The business remained operational as a debtor-in-possession following the bankruptcy filing, after previously filing a Chapter 11 case that was dismissed in May 2026. A meeting of creditors under Section 341(a) to be held on July 16, 2026 at 02:30 PM at Zoom.us - USTrustee 12: Meeting ID 160 9665 4500, Passcode 9871234560, Phone 1 (202) 796-9507. About NYC of Piermont LLC Formed in 2022, NYC of Piermont LLC operates Confetti Ristorante & Vinoteca, a full-service Italian restaurant in Piermont, New York. The restaurant specializes in traditional Italian cuisine, brick-oven pizzas and wine service. NYC of Piermont LLC sought protection under Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22620) on December 1, 2025. At the time of the filing, Debtor had estimated assets of $60,000 and liabilities of $1,941,000. ROBERT S LEWIS PC is Debtor's legal counsel. Yann Geron, Esq. appointed as Subchapter V Trustee. OHA PAPI: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------- Debtor: Oha Papi, LLC Simple Auto DFW P.O. Box 700277 Dallas TX 75370 Business Description: Oha Papi LLC, doing business as Simple Auto, is a Dallas, Texas-based used car dealership that sells used cars, trucks, and SUVs. The company provides Buy Here Pay Here and in-house financing, trade-in options, vehicle approval services, and bilingual customer support. It has served customers across the Dallas-Fort Worth area since 2006. Chapter 11 Petition Date: July 6, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-42348 Judge: Hon. Brenda T Rhoades Debtor's Counsel: Mark Castillo, Esq. CARRINGTON, COLEMAN, SLOMAN & BLUMENTHAL, L.L.P. 2200 Ross Avenue Suite 1800 Dallas, TX 75201 Tel: 214-855-3000 Email: markcastillo@ccsb.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Kathryn A. Gruner as managing member. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EJGQUPA/Oha_Papi_LLC__txebke-26-42348__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Automatic Data Processing, Inc. Services $43,285 (Attn: Legal Department) 1 ADP Boulevard Roseland, NJ, 07068 2. SWRG, LLC Rent $22,606 6200 Lyndon B Johnson, Suite #200, Dallas, TX, 75240 3. U.S. Premium Insurance Services $11,028 280 Technology Pkwy NW, Norcross, GA, 30092 4. The Progressive Corporation $9,883 (Attn: Legal/Corporate Department) 300 North Commons Boulevard, Mayfield Village, OH, 44143 5. Drive Social Media Services $9,733 906 Olive Street. Suite 700 Saint Louis, MO, 63101 6. NRG Energy, Inc Utility Services $7,698 c/o The Corporation Trust Company Corporation Trust Center 1209 Orange Street Wilmington, DE, 19801 7. Blytz, LLC (BlytzPay) Services $7,343 13961 S. Minuteman Drive Suite 150 Draper, UT, 84020 8. Neo Finance, Inc Services $7,238 700 Villa Centre Way, San Jose, CA, 95128 9. Google, LLC (Google Ads) Services $7,000 Attn: Custodian of Records 1600 Amphitheatre Parkway CA, 94043 10. XL Parts Suppliers or Vendors $6,554 15701 Northwest Freeway Houston, TX, 77040 11. Blue Cross Blue Shield of Texas Services $6,339 P.O. Box 650615 Dallas, TX, 75265 12. Teks Solutions Collection Agency $5,834 700 Highlander Boulevard, Suite 150 Arlington, TX, 76015 13. JPW Realty, LLC Services $5,350 (JPW Real Estate) 13700 Reimer Drive N., Suite 100 Maple Grove, MN, 55311 14. Dialpad, Inc Services $4,540 2700 Camino Ramon Suite 490 San Ramon, CA, 94583 15. DealerSocket, Inc Services $3,213 P.O. Box 843876 Los Angeles, CA, 90084 16. Meta Platforms, Inc. Services $3,000 (Facebook Ads) Attn: Legal Department 1601 Willow Road Menlo Park, CA, 94025 17. Blytz, LLC (Blytz SaaS) Services $2,821 13961 S. Minuteman Drive Suite 150 Draper, UT, 84020 18. EMPI, Inc Services $2,525 599 Cardigan Road Saint Paul, MN, 55126 19. Chris Chartier Services $2,153 381 Llano Drive Forney, TX, 75126 20. CarGurus Services $1,735 1001 Boylston Street 16th Floor Boston, MA, 02115 OHIO LUXURY: Seeks to Sell Construction Business to Highest Bid --------------------------------------------------------------- Ohio Luxury Builders seeks permission from the U.S. Bankruptcy Court for the Northern District of Ohio, to sell substantially all Assets (Transferred Assets), free and clear of liens, claims, interests, and encumbrances. The Debtor has incurred and continues to incur significant losses and is unable to generate sufficient positive cash flow to sustain its ongoing operations. In light of the circumstances, the Debtor is unable to refinance its outstanding secured debt and has determined that its only viable option is to sell its assets as a going concern pursuant to section 363 of the Bankruptcy Code. The Debtor was founded in 2019 as a construction company, located in Youngstown, Ohio. The Debtor operates a construction company specializing in luxury homes, remodeling and design-build services. The Debtor employs approximately zero individuals. The Debtor has been in the process of attempting to restructure and refinance its operations to restore the business to profitability for the past 24 months. The Debtor has exhausted any financing available to fund its ongoing operating losses and tax obligations. The measures taken by the Debtor to address its financial and operational problems have not been sufficient to restore the company to profitability. The Debtor continues to incur significant losses and is unable to generate sufficient positive cash flow to sustain its on-going operations. The Debtor believes that such a sale is in the best interests of the estate and all affected constituents, including tax secured creditors, unsecured creditors, and the Debtor. The Purchaser will purchase substantially all of the assets of the Debtors relating to the Debtor's operations, consisting of certain tangible and intangible assets as more specifically provided for in the Agreement. The Purchase will pay to the Debtor approximately the fair market value of each piece of real estate and the sale is "AS IS" "WHERE IS" and "WITH ALL FAULTS," subject to representations and warranties provided for in the Agreement. Following the Sale Hearing approving the sale of the Transferred Assets to the Successful Buyer, if such Successful Buyer fails to consummate an approved sale, the next highest or otherwise best Qualified Purchase, as disclosed at the Sale Hearing, shall be deemed to be the Successful Purchase and the Debtor shall be authorized, but not required, to consummate the sale with the Qualified Buyer submitting such Purchase without further order of the Bankruptcy Court and such Qualified Buyer shall be required to consummate the sale on the terms of such Qualified Purchase. Good Faith Deposits of all Qualified Buyers (except for the Successful Buyer) shall be held in an escrow account until the earlier of the Closing of the sale of the Transferred Assets. If a Successful Buyer fails to consummate an approved sale because of a breach or failure to perform on the part of such Successful Buyer, the Debtor shall be entitled to retain the Good Faith Deposit as part of its damages resulting from the breach or failure to perform by the Successful Buyer. The Prospective Purchaser has made its Good Faith Deposit, as contemplated in the Agreement. About Ohio Luxury Builders LLC Ohio Luxury Builders LLC is a Youngstown, Ohio-based nonresidential building construction company that owns real estate properties in northeastern Ohio. The company's listed assets include residential properties, vacant lots and a commercial office property. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Case No. 26-40663) on May 20, 2026, with $2,620,820 in assets and $3,226,247 in liabilities. Corey Kemp, single member and president, signed the petition. Judge Tiiara NA Patton presides over the case. Charles Tyler, Esq. at CHARLES TYLER, SR., ATTORNEY AND COUNSELOR AT LAW represents the Debtor as legal counsel. OMNI BAG: C. Jerome Teel Named Subchapter V Trustee --------------------------------------------------- The Acting U.S. Trustee for Region 8 appointed C. Jerome Teel, Jr., Esq., at Teel & Gay, PLC as Subchapter V trustee for Omni Bag Inc. Mr. Teel will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Teel declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: B. Jerome Teel, Jr. Teel & Gay, PLC 79 Stonebridge Blvd., Suite B Jackson, TN 38305 Phone: (731) 424-3315 Email: Jerome@tennesseefirm.com About Omni Bag Inc. Omni Bag, Inc. is a Gallaway, Tennessee-based manufacturer of plastic bags and pouches. The company operates a manufacturing facility producing water-soluble bags for industrial and medical applications and has expanded its production space by approximately 4,000 square feet to support increased demand for environmentally friendly packaging products. Omni Bag sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-23518) on June 30, 2026. In its petition, the Debtor reports estimated assets of between $100,000 and $500,000 and estimated liabilities of between $1 million and $10 million. Honorable Bankruptcy Judge Jennie D. Latta handles the case. The Debtor is represented by Toni Campbell Parker, Esq., at the Law Office of Toni Campbell Parker. PENGOL HOSPITALITY: Commences Chapter 11 Bankruptcy in Arizona -------------------------------------------------------------- On June 23, 2026, Pengol Hospitality IT LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona. According to court filings, the Debtor reports between $1 million and $10 million in assets and $1 million and $10 million in liabilities, with 1–49 creditors. At the time of its bankruptcy filing, the company was supporting the Independence 47 Hotel redevelopment while addressing financial challenges tied to a foreclosure action involving affiliate Pengol Hospitality II LLC. A meeting of creditors under Section 341(a) scheduled for July 28, 2026 at 10:30 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. About Pengol Hospitality IT LLC Pengol Hospitality IT LLC, a Scottsdale, Arizona-based hospitality information technology services provider, supplies technology and administrative support for hospitality projects. Pengol Hospitality IT LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-06167) on June 23, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Eddward P. Ballinger Jr. handles the case. PERASO INC: Enters $25M Equity Line With Roth Principal Investments ------------------------------------------------------------------- Peraso Inc. announced in a regulatory filing that it entered into a Common Stock Purchase Agreement and a related Registration Rights Agreement, each dated as of June 30, 2026, with Roth Principal Investments, LLC. Upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement, the Company will have the right, in its sole discretion, to sell to Roth Principal Investments up to $25,000,000 of newly issued shares of the Company's common stock, par value $0.001 per share, subject to certain conditions and limitations contained in the Purchase Agreement, from time to time during the term of the Purchase Agreement. Sales of Common Stock pursuant to the Purchase Agreement, and the timing of any sales, are solely at the option of the Company, and the Company is under no obligation to sell any securities to Roth Principal Investments under the Purchase Agreement. Upon the initial satisfaction of each of the conditions to Roth Principal Investments' purchase obligation set forth in the Purchase Agreement, including that a registration statement registering under the Securities Act of 1933, as amended, the resale by Roth Principal Investments of shares of Common Stock issued to it by the Company under the Purchase Agreement, which the Company agreed to file with the Securities and Exchange Commission pursuant to the Registration Rights Agreement, is declared effective by the SEC, the Company will have the right, but not the obligation, from time to time in its sole discretion for a period of up to 36 months beginning on the Commencement Date, to direct Roth Principal Investments to purchase up to a specified maximum amount of shares of Common Stock, in one or more Market Open Purchases, Intraday Purchases, Pre-Market Purchases and/or Post-Market Purchases, by timely delivering written notice to Roth Principal Investments for each such Purchase in accordance with the Purchase Agreement on any trading day selected by the Company as the purchase date therefor, so long as: (i) the closing sale price of Common Stock on the trading day immediately prior to such Purchase Date is not less than a specified threshold price as set forth in the Purchase Agreement and (ii) all shares of Common Stock subject to all prior Purchases effected by the Company under the Purchase Agreement, including all prior Purchases effected on the same Purchase Date, have been received by Roth Principal Investments at such time and in the manner set forth in the Purchase Agreement. The purchase price of the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Purchase pursuant to a timely delivered written notice in accordance with the Purchase Agreement after 7:30 a.m., New York City time and prior to 9:00 a.m. New York City time on the Purchase Date will be determined by reference to the volume weighted average price of the Common Stock during the period beginning at the official open of the regular trading session on The Nasdaq Capital Market on the applicable Purchase Date and ending at the earliest to occur of: (i) such time of official close of the regular trading session, (ii) such time during such regular trading hour period, the trading volume threshold calculated in accordance with the Purchase Agreement is reached, and (iii) if the Company further specifies in the applicable purchase notice for such Market Open Purchase that a "limit order discontinue election" shall apply to such Market Open Purchase, such time the trading price of the Common Stock on The Nasdaq Capital Market during such Market Open Purchase Valuation Period falls below the applicable minimum price threshold determined in accordance with the Purchase Agreement, less a fixed 3.0% discount to the VWAP for such Market Open Purchase Valuation Period. In addition to the Market Open Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreement that are similar to those applicable to Market Open Purchases, by timely delivering an irrevocable written notice of such Intraday Purchase to Roth Principal Investments after 10:00 a.m., New York City time (and after the Market Open Purchase Valuation Period for any earlier Market Open Purchase and the Intraday Purchase Valuation Period for the most recent prior Intraday Purchase effected on the same Purchase Date, if applicable, have ended), and prior to 2:00 p.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in an Intraday Purchase pursuant to the Purchase Agreement, if any, will be calculated in the same manner as in the case of a Market Open Purchase (including the same fixed 3.0% discount to the applicable VWAP used to calculate the per share purchase price for a Market Open Purchase), provided that the VWAP for each Intraday Purchase effected on a Purchase Date will be calculated over different purchase valuation periods during the regular trading session on The Nasdaq Capital Market on such Purchase Date than the Market Open Purchase Valuation Period applicable to a Market Open Purchase effected on such Purchase Date (if any), each of which will commence and end at different times on such Purchase Date and will not overlap with any other purchase valuation period on such Purchase Date. In addition to the Market Open Purchases and Intraday Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreemen, by timely delivering an irrevocable written notice of such Pre-Market Purchase to Roth Principal Investments after 7:00 a.m., New York City time, and prior to 8:30 a.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Pre-Market Purchase pursuant to the Purchase Agreement, if any, will be determined by reference to the VWAP of the Common Stock over a purchase valuation period to be calculated in accordance with the Purchase Agreement, which period will not overlap with the valuation period for any other Purchase effected on the same Purchase Date, less a fixed 6.0% discount to such VWA. In addition to the Market Open Purchases, Intraday Purchases and Pre-Market Purchases described above, after the Commencement, the Company will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct Roth Principal Investments to purchase, on any trading day that would qualify as a Purchase Date on which the Company may elect to effect a Market Open Purchase, whether or not a Market Open Purchase is effected by the Company on such trading day, a specified number of shares of Common Stock, not to exceed certain limitations set forth in the Purchase Agreement, by timely delivering an irrevocable written notice of such Post-Market Purchase to Roth Principal Investments after 4:05 p.m., New York City time, and prior to 5:00 p.m., New York City time, on such Purchase Date. The per share purchase price for the shares of Common Stock that the Company elects to sell to Roth Principal Investments in a Post-Market Purchase pursuant to the Purchase Agreement, if any, will be determined by reference to the VWAP over a purchase valuation period to be calculated in accordance with the Purchase Agreement, which period will not overlap with the valuation period for any other Purchase effected on the same Purchase Date, less a fixed 6.0% discount to such VWAP. There is no upper limit on the price per share that Roth Principal Investments could be obligated to pay for Common Stock the Company may elect to sell to it in any Purchase under the Purchase Agreement. The purchase price per share of Common Stock that the Company may elect to sell to Roth Principal Investments in a Purchase under the Purchase Agreement will be equitably adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction occurring during the applicable Valuation Period for such Purchase. The Company will control the timing and amount of any sales of Common Stock to Roth Principal Investments that it may elect, in its sole discretion, to effect from time to time from and after the Commencement Date and during the term of the Purchase Agreement. Actual sales of shares of Common Stock to Roth Principal Investments under the Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among other things, market conditions, the trading price of the Common Stock and determinations by the Company as to the appropriate sources of funding for the Company and its operations. Under the applicable Nasdaq rules, in no event may the Company issue to Roth Principal Investments under the Purchase Agreement more than 3,004,114 shares of Common Stock, which number of shares is equal to 19.99% of the shares of Common Stock issued and outstanding immediately prior to the execution of the Purchase Agreement, unless: (i) the Company obtains stockholder approval to issue shares of Common Stock in excess of the Exchange Cap in accordance with applicable Nasdaq rules, or (ii) the average price per share paid by Roth Principal Investments for all of the shares of Common Stock that the Company directs Roth Principal Investments to purchase from the Company pursuant to the Purchase Agreement, if any, equals or exceeds $0.9853 (representing the sum of (i) $0.1664 and (ii) the lower of (a) the official closing price of the Common Stock on Nasdaq immediately preceding the execution of the Purchase Agreement and (b) the average official closing price of the Common Stock on Nasdaq for the five consecutive trading days immediately preceding the execution of the Purchase Agreement, as adjusted in accordance with applicable Nasdaq rules), so that the Exchange Cap limitation will not apply to issuances and sales of Common Stock pursuant to the Purchase Agreement. In addition, the Company may not issue or sell any shares of Common Stock to Roth Principal Investments under the Purchase Agreement which, when aggregated with all other shares of Common Stock then beneficially owned by Roth Principal Investments and its affiliates (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 thereunder), would result in Roth Principal Investments beneficially owning more than 4.99% of the outstanding shares of Common Stock. The net proceeds from sales of Common Stock by the Company to Roth Principal Investments under the Purchase Agreement, if any, will depend on the frequency and prices at which the Company sells shares of Common Stock to Roth Principal Investments under the Purchase Agreement. To the extent the Company elects to sell shares of Common Stock to Roth Principal Investments under the Purchase Agreement from and after the Commencement Date, the Company currently plans to use any net proceeds therefrom for working capital and general corporate purposes, including continued product development and expansion in the drone, defense and tactical communications markets. There are no restrictions on future financings, rights of first refusal, participation rights, penalties or liquidated damages in the Purchase Agreement or Registration Rights Agreement, other than a prohibition (with certain limited exceptions) on entering into specified "Variable Rate Transactions" (as such term is defined in the Purchase Agreement) during the term of the Purchase Agreement. Such transactions include, among others, the issuance of convertible securities with a conversion or exercise price that is based upon or varies with the trading price of the Common Stock after the date of issuance, or the Company effecting or entering into an agreement to effect an "equity line of credit" or other substantially similar continuous offering with a third party, in which the Company may offer, issue or sell Common Stock or any securities exercisable, exchangeable or convertible into Common Stock at a future determined price. The foregoing restriction is subject to certain limited exceptions set forth in the Purchase Agreement, including continued sales under the Company's existing at-the-market offering program, subject to the limitations set forth therein. In addition, the Company has agreed, subject to limited exceptions (including continued sales under the ATM facility), that from the date of the Purchase Agreement through the effective date of the Registration Statement, it will not, without the prior written consent of Roth Principal Investments, offer, sell or otherwise dispose of any shares of Common Stock or any securities convertible into or exchangeable for Common Stock. Roth Principal Investments may, in its sole discretion, release all or any portion of the securities subject to this restriction at any time. Roth Principal Investments has agreed that during the term of the Purchase Agreement, none of Roth Principal Investments, any of its officers, or any entity managed or controlled by Roth Principal Investments, will enter into or effect, directly or indirectly, either for Roth Principal Investments' own principal account or for the principal account of any such entity managed or controlled by Roth Principal Investments, any short sale (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or any hedging transaction, which establishes a net short position with respect to the Common Stock. The Purchase Agreement and the Registration Rights Agreement contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreements were made only for the purposes of such agreements, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. The Purchase Agreement will automatically terminate on the earliest to occur of: (i) the first day of the month following the 36-month anniversary of the Commencement Date, (ii) the date on which Roth Principal Investments shall have purchased from the Company under the Purchase Agreement shares of Common Stock for an aggregate gross purchase price of $25,000,000, (iii) the date on which the Common Stock shall have failed to be listed or quoted on Nasdaq or another U.S. national securities exchange identified as an "eligible market" in the Purchase Agreement for a period of one trading day, (iv) the 30th trading day after the date on which a voluntary or involuntary bankruptcy proceeding involving the Company has been commenced that is not discharged or dismissed prior to such 30th trading day, and (v) the date on which a bankruptcy custodian is appointed for all or substantially all of the Company's property or the Company makes a general assignment for the benefit of its creditors. As consideration for Roth Principal Investments' commitment to purchase shares of Common Stock at the Company's direction upon the terms and subject to the conditions set forth in the Purchase Agreement, the Company agreed to pay to Roth Principal Investments a cash commitment fee of $500,000, which is equal to 2.0% of Roth Principal Investments' $25,000,000 total aggregate dollar amount purchase commitment under the Purchase Agreement. The $500,000 Commitment Fee will be paid over time by Roth Principal Investments withholding cash amounts equal to 10% of the total aggregate purchase price payable by Roth Principal Investments to the Company in connection with each Purchase of shares of Common Stock effected under the Purchase Agreement, until such time as Roth Principal Investments shall have received from such cash withholdings a total aggregate amount in cash equal to $500,000, representing the entire Commitment Fee payable to Roth Principal Investments pursuant to the Purchase Agreement. In addition, the Company agreed to reimburse Roth Principal Investments for the reasonable legal fees and disbursements of Roth Principal Investments' legal counsel in connection with the transactions contemplated by the Purchase Agreement and the Registration Rights Agreement in an amount equal to $100,000, payable upon execution of the Purchase Agreement and Registration Rights Agreement. The Company also agreed to reimburse Roth Principal Investments up to $7,500 per fiscal quarter for the reasonable legal fees and disbursements of Roth Principal Investments' legal counsel in connection with quarterly and annual bring-down due diligence investigations and related matters as contemplated by the Purchase Agreement. The Company has the right to terminate the Purchase Agreement at any time after Commencement upon 5 trading days' prior written notice to Roth Principal Investments. The Company will not incur any termination penalty, except that if the Company terminates the Purchase Agreement within 90 days following the effective date of the Registration Statement, the Company will be obligated to pay Roth Principal Investments, in cash within 3 business days of such termination, the amount, if any, by which $500,000 exceeds the aggregate amount of the Commitment Fee previously withheld by Roth Principal Investments from the purchase prices paid for shares of Common Stock. The Company's right to terminate is also subject to its having paid all Commitment Fee amounts and legal fee reimbursements then required to be paid to Roth Principal Investments. The Company and Roth Principal Investments may also agree to terminate the Purchase Agreement by mutual written consent, provided that no termination of the Purchase Agreement will be effective during the pendency of any Purchase that has not then fully settled in accordance with the Purchase Agreement. Neither the Company nor Roth Principal Investments may assign or transfer any of their respective rights or obligations under the Purchase Agreement or the Registration Rights Agreement, and no provision of the Purchase Agreement or the Registration Rights Agreement may be modified or waived by the Company or Roth Principal Investments from and after the date that is one trading day immediately preceding the date on which the initial Registration Statement is first filed with the SEC. The Company has engaged Digital Offering, LLC, a registered broker-dealer and FINRA member, to be the qualified independent underwriter in connection with the offering to be registered under the Registration Statement and, in such capacity, participate in the preparation of the Registration Statement and exercise the usual standards of "due diligence" with respect thereto, in order for such offering to be in full compliance with the applicable rules and regulations of the Financial Industry Regulatory Authority, Inc., including FINRA Rule 5121. The Company has agreed to reimburse Roth Principal Investments for the fees and expenses of Digital Offering up to $50,000, as consideration for its services in connection with acting as the qualified independent underwriter in the offering to be registered under the Registration Statement. Digital Offering will receive no other compensation for acting as the qualified independent underwriter in connection with such offering. Full text copies of the Purchase Agreement and the Registration Rights Agreement are available at https://tinyurl.com/4sd4f26f and https://tinyurl.com/muxujn6y, respectively. About Peraso Inc. Headquartered in San Jose, California, Peraso Inc. -- https://www.perasoinc.com -- is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, immersive video and factory automation. In addition, Peraso's solutions for data and telecom networks focus on Accelerating Data Intelligence and Multi-Access Edge Computing, providing end-to-end solutions from the edge to the centralized core and into the cloud. As of March 31, 2026, the Company had $6.4 million in total assets, $1.8 million in total liabilities, and $4.6 million in total stockholders' equity. Los Angeles, California-based Weinberg & Company, the Company's auditor since 2020, 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 during the year ended December 31, 2025, the Company incurred a net loss and used cash in operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. PHCV4 HOMES: Secured Creditor Updates Liquidating Plan Disclosures ------------------------------------------------------------------ Senior secured creditor CoreVest American Finance Lender LLC submitted an Amended Disclosure Statement describing Amended Plan of Liquidation for PHCV4 Homes, LLC and affiliates dated June 29, 2026. The Plan is a liquidating plan proposed pursuant to Sections 1121(c) and 1123 of the Bankruptcy Code for the liquidation of the Debtors. The Plan provides for, among other things, (a) orderly liquidation and distribution of estate assets; (b) monetization of remaining property, including the Mississippi Properties; (c) establishment of and compensation for a Plan Administrator; (d) vesting of remaining estate property in a Plan Administrator on the Effective Date (subject to liens in their respective priority); (e) reconciliation of Claims; (f) payment in full of administrative expenses, and (g) distributions of property of the bankruptcy estates to creditors in accordance with the Bankruptcy Code. The Plan contemplates that, as of the Effective Date, and in no event later than seven days thereafter, all funds in the Debtors' debtor-in-possession accounts will be disbursed as follows: (i) $25,000 to fund the Plan Administrator Carve-Out Fund, for the fees and expenses of the Plan Administrator; (ii) $50,000 to fund the Administrative Carve-Out Fund, for distribution in accordance with the Plan; (iii) $100,000 to fund the Unsecured Creditors Carve-Out Fund; for distribution in accordance with the Plan; and (iv) all remaining funds to CoreVest. Class 3 consists of General Unsecured Claims. The Plan provides that holders of allowed Class 3 claims will receive their pro rata share of (a) the Unsecured Creditors Carve-Out Fund (after payment of allowed priority claims, if any) plus (b) any net funds recovered by the Plan Administrator from post-confirmation asset liquidation and/or Causes of Action, up to 100% of such allowed General Unsecured Claims, subject to the Plan's limitation that creditors owing money to the estates or who have not repaid an avoided transfer are not entitled to a distribution. The Plan provides that if Class 3 holders receive 100% of allowed claims, CoreVest is entitled to remaining recovered assets on account of, and up to, its deficiency claim for amounts remaining owed after liquidation of CoreVest Collateral and distributions under Class 1. The Plan contemplates funding from (a) the CoreVest Cash Collateral held in the DIP Accounts; (b) liquidation/monetization of remaining Post-Confirmation Estate Property, including the Mississippi Properties; and (c) recoveries from Causes of Action pursued by the Plan Administrator. The Plan provides for an Administrative Carve-Out Fund of $50,000 funded by CoreVest from CoreVest Cash Collateral for payment of Allowed Administrative Expense Claims and Professional Fee Claims. The Plan provides for an Unsecured Creditors Carve-Out Fund of $100,000 funded by CoreVest from CoreVest Cash Collateral to be held in trust by the Plan Administrator and distributed pro rata to Allowed Unsecured Claims in accordance with the Plan and Confirmation Order. The Plan Administrator Carve Out Fund will be funded from the CoreVest Cash Collateral and any unencumbered Post-Confirmation Estate Property. CoreVest reserves the right to make additional payments to the Plan Administrator for his/her fees and expenses, should the Plan Administrator Carve Out later be deemed insufficient, but nothing in the Plan shall require CoreVest to do so. A full-text copy of the Amended Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=ICujdt from PacerMonitor.com at no charge. Attorneys for CoreVest American Finance Lender, LLC: CHRISTIAN & SMALL LLP Daniel D. Sparks, Esq. 1800 Financial Center 505 North 20th Street Birmingham, AL 35203 Telephone: (205) 250-6670 Email: ddsparks@csattorneys.com - and - BRADLEY ARANT BOULT CUMMINGS LLP Bryan E. Bates, Esq. Promenade Tower 1230 Peachtree Street NE. 21st Floor Atlanta, Georgia 30309 Telephone: (404) 868-2794 bebates@bradley.com About PHCV4 Homes PHCV4 Homes LLC is part of the residential building construction industry. PHCV4 Homes LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 24-02751) on Sept. 10, 2024. In the petition filed by Misty M. Glass, as manager, the Debtor estimated assets and liabilities between $10 million and $50 million each. The Honorable Bankruptcy Judge Tamara O. Mitchell presides over the case. The Debtor is represented by Frederick M. Garfield, Esq., at SPAIN & GILLON, LLC. PHOENIX RACK: Christopher Simpson Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Region 14 appointed Christopher Simpson, Esq., at Osborn Maledon P.A. as Subchapter V trustee for Phoenix Rack & Axle, Inc. Mr. Simpson will be paid an hourly fee of $580 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Simpson declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Christopher C. Simpson Osborn Maledon, P.A. 2929 N. Central Avenue, 21st Fl. Phoenix, AZ 85012 Phone: (602) 640-9349 Fax: (602) 640-9050 Email: csimpson@omlaw.com About Phoenix Rack & Axle, Inc. Phoenix Rack & Axle, Inc. is a Phoenix, Arizona-based automotive parts remanufacturing company specializing in steering and drivetrain components. It refurbishes rack-and-pinion systems, driveshafts, and gearboxes from its Phoenix production facility. Phoenix Rack & Axle sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-06438) on June 30, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable Chief Judge Madeleine C. Wanslee handles the case. The Debtor is represented by Allan D. Newdelman, Esq., at Allan D. Newdelman PC. PNP LLC: Taps Bell Gould Linder & Scott PC as Bankruptcy Counsel ---------------------------------------------------------------- PNP, LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Bell Gould Linder & Scott, P.C. as counsel. The professional services that Counsel is to render are: a. provide the Debtor with legal advice with respect to their powers and duties; b. aid the Debtor in the development of a plan of reorganization under Chapter 11; c. file the necessary petitions, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11; d. take necessary actions to enjoin and stay until final decree continuation of pending proceedings and to enjoin and stay until final decree commencement of lien foreclosure proceedings and all matters as may be provided under 11 U.S.C. Sec. 362; and e. perform all other legal services for the Debtor which may be necessary. The counsel charges these hourly rates for their services: Attorney Payton L. Buhler $300 Paralegal Services $125 Attorney Gregory S. Bell (Of Counsel) $350 The counsel received a retainer of $16,738. As disclosed in the court filing, the counsel represents no interest adverse to the estate in the matter upon which they are to be engaged for the Debtor, and its employment is in the best interests of the estate. The firm can be reached through: Payton L. Buhler, Esq. BELL GOULD LINDER & SCOTT, P.C. 318 East Oak Street Fort Collins, CO 80524 Ph.: (970) 493-8999 Fax: (970) 224-9188 Email: Pbuhler@bell-law.com About PNP, LLC PNP, LLC is a Fort Collins, Colorado-based catering and special food services company operating under the trade names Northern Colorado Catering and Gelato & aMore. The company provides full-service catering for weddings, corporate events, and private functions, while also operating retail gelato locations from two facilities in Fort Collins. Historically, the business has served the Northern Colorado catering market since at least 2012 and previously managed event planning services at the University of Northern Colorado before consolidating operations in Fort Collins. PNP, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-14493) on June 22, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Thomas B. McNamara handles the case. The Debtor is represented by Payton Buhler, Esq. of Bell, Gould, Linder, & Scott, P.C. POWER STOP: Fitch Assigns 'B-' LongTerm IDR, Outlook Stable ----------------------------------------------------------- Fitch Ratings has assigned Power Stop Intermediate Holdings, LLC and Power Stop, LLC (Power Stop) a first-time Long-Term Issuer Default Rating (IDR) of 'B-'. The Outlook is Stable. In addition, Fitch has assigned a rating of 'B-' with a Recovery Rating of 'RR4' to Power Stop's senior secured revolver and term loan. Power Stop's ratings reflect its position as a small supplier of premium, performance- and maintenance-linked aftermarket brake products and accessories to a largely retail customer base. The ratings also consider its asset-light business model with finished goods primarily imported and distributed through its warehouse locations in the Chicago, Illinois, area which drives strong free cash flow (FCF) margins. The ratings also reflect the company's Fitch-calculated EBITDA leverage running at just over 5.0x, in-line with the 'B-' IDR, as well as its limited size and scale, which could leave it vulnerable to disruptions that could shrink its EBITDA margins. Key Rating Drivers EBITDA Leverage Around 5.0x: Fitch forecasts Power Stop's EBITDA leverage to run around 5.0x through 2028, with improvement largely supported by mandatory amortization of the company's term loan. The company's EBITDA leverage has declined from mid- to high-single-digit levels in 2022-23, when the global ocean freight crisis raised container costs to five times their typical levels and severely impaired the company's EBITDA margins. Additionally, the company has occasionally executed debt-funded dividends to the sponsor and any ongoing opportunistic shareholder-friendly actions could keep Power Stop's leverage elevated. EBITDA Margins High but Vulnerable: Power Stop's EBITDA margins typically run in the low- to mid-20% range, driven by pricing power linked to demand for premium and maintenance-linked aftermarket brake products. However, Fitch believes that the company's size and scale leave its margins vulnerable to disruptions in its supply chain or the two primary warehouses where it stores much of its inventory. Additionally, customers could trade down from the company's premium kit configurations to lower-priced alternatives in an economic downturn. Low-Single-Digit FCF margins: Power Stop's liquidity is supported by its asset-light model, with capex running at typically 1% of revenue, which drives FCF margins in the low- to mid-single-digit range. The company's FCF incorporates tax distributions to its sponsor. Although Fitch expects the company could flex these distributions in a downturn, it is likely that Power Stop would need to rely on its revolver to support its cash balance and working capital needs, which would keep leverage elevated. Sourcing Improvements Mitigate Tariff Risk: Power Stop can increase the amount of non-China-finished goods sourcing to 80% of total purchases as of 1Q26, up from less than 10% historically. Although the company can shift volumes to lower-cost alternatives based on relative landed costs, it has chosen to not shift purchases yet, because at current tariff rates, China remains the lowest-cost option. Additionally, the company's conversion of its Hodgkins, Illinois, warehouse into a Foreign Trade Zone in March 2026 allows tariff payment deferrals, improves re-export competitiveness and generates about $0.5 million in savings annually. Mix of Discretionary and Non-Discretionary Products: Power Stop supplies a mix of premium and maintenance-linked brake products through e-commerce, warehouse distributors and retail sales channels. Most of the company's products are functional wear items that require non-deferrable replacement for safe vehicle operation, with some demand from enthusiast segments. Power Stop's product profile gives it pricing power and supported the implementation of price increases in 2025 in response to tariffs, helping preserve EBITDA margins Limited Size and Scale: Power Stop has a narrow business profile as a single-category supplier focused on aftermarket brake products. The company competes in a fragmented category against meaningfully larger, branded peers that have scale advantages in advertising, manufacturing capabilities and technology development. It also competes against low-price private-label brake suppliers. Although the company has multiple pricing tiers in its braking kits, customers could trade down to private-label parts or shift purchases to lower-margin channels in a sustained downturn. Peer Analysis Power Stop focuses primarily on non-discretionary aftermarket brake parts and components. The company's size and scale are substantially smaller than other rated suppliers with significant exposure to the automotive aftermarket, such as Tenneco LLC (B/Positive), Clarios International Inc. (B/Stable) and Dorman Products, Inc. (BB/Stable). Power Stop's sales are much less geographically diversified, and it derives the entirety of its revenue in North America. Power Stop's EBITDA leverage is higher than that of Tenneco and Dorman and is roughly in-line with that of Clarios. Although its EBITDA margins in the mid-20% range are high for the rating level, the company's narrow product profile constrains its IDR. Fitch’s Key Rating-Case Assumptions - Revenue increases by low-double-digits in 2026, driven by volume growth and favorable channel mix, followed by low- to mid-single digits in 2027 and beyond, supported by an aging car parc; - EBITDA margins rise to the mid-20% range, driven largely by price increases and International Emergency Economic Powers Act (IEEPA) tariff refunds in 2026, then remain stable in 2027 and beyond; - Capex runs in the low-single-digit range as a percentage of revenue; - FCF is deployed towards sponsor distributions in addition to mandatory debt amortization; - Fitch SOFR interest rate assumptions: 3.75% in 2026, 4.0% in 2027, 4.0% in 2028 and 3.75% in 2029. 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 ('bb', Lower), sector characteristics ('bb', Moderate), market and competitive positioning ('b+', Higher), diversification and asset quality ('b', Moderate), company operational characteristics ('bb-', Moderate), profitability ('bbb-', Moderate), financial structure ('ccc+', Higher), and financial flexibility ('b', Higher). The quantitative financial subfactors are based on custom CRT financial period parameters: 20% weight for the historical year 2025, 20% for the forecast year 2026, 20% for the forecast year 2027, 20% for the forecast year 2028 and 20% for the forecast year 2029. 'B+' to 'CC' considerations apply in its analysis and has no impact. The governance assessment of 'good' has no impact. The operating environment assessment of 'aa-' has no impact. The SCP is 'b-'. To derive the Long-Term IDR: Fitch made no adjustments to the SCP, resulting in an IDR of 'B-'. Recovery Analysis The recovery analysis assumes that Power Stop would be reorganized as a going-concern in a hypothetical bankruptcy scenario rather than liquidated. Fitch has assumed a 10% administrative claim. Going-Concern (GC) Approach Power Stop's recovery analysis estimates a GC EBITDA of $45 million, which reflects Fitch's view of a sustainable, post-reorganization EBITDA level upon which the valuation of the company would be based following a hypothetical default. A default could be driven by softness in demand for the company's premium product lines or disruptions in the operations, supply chain or warehouses of the company or its distributors, resulting in EBITDA margin contraction, and is reflective of the company's size and scale. Fitch has used a 4.5x enterprise value (EV) multiple to calculate a post-reorganization valuation. The multiple is based on Power Stop's position in a niche market as a supplier of discretionary, performance-linked as well as non-discretionary, maintenance-linked brake components, which are relatively substitutable products. According to Fitch's "U.S. Automotive Bankruptcy Enterprise Values and Creditor Recoveries" report published in April 2026, 44% of auto-related defaulters had exit multiples between 3.0x to 5.0x. The median multiple observed across 25 bankruptcies was only 5.1x, considerably lower than the 6.1x median US corporate cross-sector multiple. Within the report, Fitch observed that 86% of the bankruptcy cases analyzed were resolved as a GC. Consistent with Fitch's criteria, the recovery analysis assumes that the $11 million accounts receivable factoring facility is senior to the first lien credit facilities and that the revolver is fully drawn at default. The going concern enterprise value is applied to the accounts receivable factoring balance prior to the administrative and creditor claims. This results in a 'B-' instrument rating and a recovery rating of 'RR4' on the first-lien credit facilities. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Reduced financial flexibility as evidenced by revolver utilization exceeding 50% and EBITDA interest coverage sustained under 2.0x; - Sustained loss of volumes driven by an end-market downturn or supply chain disruptions that lower EBITDA margins below 15%; - EBITDA leverage sustained above 6.0x. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Meaningful growth in size and scale, and increased diversification in product lines, sales channels and geographic footprint; - FCF margins sustained in the low-single-digit range after distributions to sponsors; - EBITDA leverage maintained below 4.5x and EBITDA interest coverage above 3.0x. Liquidity and Debt Structure Power Stop had $37 million of readily available cash on its balance sheet as of March 31, 2026. Fitch expects Power Stop's liquidity to be supported by an undrawn $40 million revolver that matures in October 2028. As of March 31, 2026, Power Stop's balance sheet debt consisted of a $374 million term loan that matures in January 2029. In addition to the balance sheet debt, Fitch treated around $11 million of off-balance sheet factoring as debt at March 31, 2026, bringing the total Fitch-calculated debt to about $385 million. Power Stop's off-balance-sheet factoring includes some customers' supply chain programs. If the financial institutions involved in these programs curtail participation, Power Stop might need to borrow from its revolver. However, it could mitigate a portion of the impact by shifting to shorter payment terms with these customers. Issuer Profile Power Stop is a designer, marketer and distributor of premium aftermarket brake products, including complete brake kits, pads, rotors, calipers and related accessories to the automotive aftermarket. Date of Relevant Committee 24 June 2026 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 Power Stop Intermediate Holdings, LLC. 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 ----------- ------ -------- Power Stop Intermediate Holdings, LLC LT IDR B- New Rating Power Stop, LLC LT IDR B- New Rating senior secured LT B- New Rating RR4 PROPHASE DIAGNOSTICS: Unsecured Claims Under $3K to Recover 100% ---------------------------------------------------------------- ProPhase Diagnostics NJ, Inc., and affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing the Original Joint Plan of Reorganization dated June 29, 2026. The Debtors operated clinical diagnostic laboratory businesses, including high-throughput diagnostic testing and genomic sequencing services. The Debtors are wholly-owned, directly or indirectly, by ProPhase Labs, Inc., a publicly traded parent company. The principal asset of the estates is a large portfolio of commercial and governmental insurance receivables generated by the Debtors' diagnostic testing operations, which is being collected for the benefit of creditors through the Debtors' retained collections counsel. The Plan is a reorganizing plan that proposes to pay all Allowed Claims in full. Payments under the Plan are funded from the Debtors' operations and, principally, from the collection of the insurance receivables portfolio. Class 3 consists of General Unsecured Nonpriority Claims over $5,000 (Case PP-NJ). This Class will be paid in full, in the projected Total amount of Allowed Claims of $601,980.11, after all Objections to Claims are resolved. The $601,980.11 in total Allowed Claims of Class 3 shall be paid over an estimated 2 months, beginning in Month 9 and ending in Month 11, in accord with the Revenue Projections. This Class is Impaired. Class 4 consists of General Unsecured Nonpriority "Administrative Convenience" Claims under $5,000 (Case PP-NJ). This Class will be paid in full, in the estimated Total amount of Allowed Claims of $4,766.95. All Allowed Claims of Class 4 shall, for purposes of Administrative Convenience, be paid 100% in full, without interest, 35 days after the Effective Date. This Class is Impaired. Class 5 consists of General Unsecured Nonpriority Claims over $3,000 (Case PP-NY). This Class will be paid in full, in the projected Total amount of Allowed Claims of $1,257,329.90, after all Objections to Claims are resolved. The $1,257,329.90 in total Allowed Claims of Class 5 shall be paid over an estimated 3 months, beginning in Month 9 and ending in Month 11, in accord with the Revenue Projections. This Class is Impaired. Class 6 consists of General Unsecured Nonpriority "Administrative Convenience" Claims under $3,000 (Case PP-NY). This Class will be paid in full, in the estimated Total amount of Allowed Claims of $6,899.96. All Allowed Claims of Class 6 shall be paid 100% in full, without interest, 35 days after the Effective Date. This Class is Impaired. Class 7 consists of General Unsecured Nonpriority Claims over $3,000 (Case PP-INC). This Class will be paid in full, in the estimated Total amount of Allowed Claims of $1,088,162.30, after all Objections to Claims are resolved. This $1,088,162.30 in total Allowed Claims of Class 7 shall be paid over an estimated 1 month, in Month 12, in accord with the Revenue Projections. The Debtor reserves the right to prepay without penalty. This Class is Impaired. Class 8 consists of General Unsecured Nonpriority "Administrative Convenience" Claims under $3,000 (Case PP-INC). This Class will be paid in full, in the estimated Total amount of Allowed Claims of $1,084.88. All Allowed Claims of Class 8 shall be paid 100% in full, without interest, 35 days after the Effective Date. This Class is Impaired. The sole shareholder of ProPhase Diagnostics NJ, Inc. and ProPhase Diagnostics NY, Inc. is ProPhase Diagnostics, Inc. The sole shareholder of ProPhase Diagnostics, Inc. is ProPhase Labs, Inc. Because the Plan provides for payment of Allowed Claims in full, and in order to preserve operational continuity, the equity interest holders shall retain their interests in the Debtors, subject to completion of the payments required under the Plan. The Plan will be funded from the Debtors' operations and, principally, from the collection of the commercial and governmental insurance receivables portfolio, together with funds on hand in the Debtors' accounts as of the Confirmation Date. The Debtors will act as their own disbursing agent. The post-confirmation operations of the Debtors will continue to be managed by the Debtors' present officers, including the Chief Executive Officer. A full-text copy of the Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=Wt9k50 from PacerMonitor.com at no charge. About ProPhase Diagnostics NJ Inc. ProPhase Diagnostics NJ Inc. develops genomic testing solutions, potential cancer diagnostics and therapeutics, and manufactures and markets consumer health and wellness products. The subsidiaries operate within the diagnostics segment, providing laboratory testing services that were primarily focused on COVID 19 during the pandemic and are now engaged in efforts to recover large insurance receivables tied to those operations. ProPhase Diagnostics NJ Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-19833) on September 22, 2025. In its petition, the Debtor reports estimated assets of $32,287,616 and estimated liabilities of $465,161. Honorable Bankruptcy Judge Christine M. Gravelle handles the case. The Debtor is represented by Thaddeus R. Maciag, Esq. at MACIAG LAW, LLC. About ProPhase Labs Inc. ProPhase Labs Inc. (Nasdaq: PRPH) is a next-generation biotech, genomics and consumer products company. Its mission is to build a healthier world through bold innovation and actionable insight. It is revolutionizing healthcare with industry-leading Whole Genome Sequencing solutions, groundbreaking diagnostic development, such as our potentially life-saving test for the early detection of esophageal cancer, and a world class direct-to-consumer marketing platform for cutting edge OTC dietary supplements. ProPhase develops, manufacture, and commercialize health and wellness solutions to enable people to live their best lives. It is committed to executional excellence, smart diversification, and a synergistic, omni-channel approach. ProPhase Labs' valuable subsidiaries, their synergies, and significant growth underscore its potential for long-term value. RAIN ENHANCEMENT: Sets Up $3.51M At-the-Market Plan --------------------------------------------------- Rain Enhancement Technologies Holdco, Inc., entered an at-the-market sales agreement with Needham & Company to sell up to $3.51 million of Class A common stock, according to a Form 8-K filed with the Securities and Exchange Commission. The June 30 sales agreement allows the company to sell shares from time to time through Needham as sales agent, at the company's option. No shares may be offered, issued or sold under the agreement until the company's board or an authorized committee approves the number of shares and pricing parameters, and until the SEC declares the related Form S-3 registration statement effective. Sales, if any, may be made directly on the Nasdaq Capital Market or other trading markets by methods deemed at-the-market offerings. The company said it is not obligated to sell any shares and either party may suspend or terminate the offering. Rain Enhancement said it plans to use any net proceeds primarily for working capital, capital expenditures and other general corporate purposes. Needham's compensation as sales agent will be up to 3% of the gross sales price of shares sold. About Rain Enhancement Rain Enhancement Technologies Holdco, Inc. develops technology intended to enhance rainfall through atmospheric enhancement by ionization. The Naples, Florida-based company operates through Rain Enhancement Technologies Inc., which was founded to provide reliable access to water. Its Weather Enhancement Technology and Automation platform includes software, meteorology, hardware, product design and operations, and the company targets government and commercial clients, landowners, infrastructure operators and enterprises seeking to improve water supplies. In an audit report dated April 15, 2026, WithumSmith+Brown, PC included a going concern qualification for Rain Enhancement Technologies Holdco, Inc., citing an accumulated deficit, continuing net losses and negative cash flows from operations, and expectations that operating losses and negative cash flows would continue. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, Rain Enhancement reported total assets of $2.63 million, total liabilities of $16.97 million, and a stockholders' deficit of $14.35 million. RAPID REPAIR: Steven Wallace Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 13 appointed Steven Wallace as Subchapter V trustee for Rapid Repair Pro, LLC. Mr. Wallace will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Wallace declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Steven M. Wallace Goldenberg Heller & Antognoli P.C. 2227 South State Route 157 Edwardsville, Illinois 62025 Telephone: (618) 656-5150 Facsimile: (618) 656-6230 Email: steven@ghalaw.com About Rapid Repair Pro LLC Rapid Repair Pro, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30584) on June 30, 2026, with $50,001 to $100,000 in assets and $100,001 to $500,000 in liabilities. Judge Mary E. Lopinot presides over the case. Jerry D. Graham, Jr., Esq., at Jd Graham, PC represents the Debtor as legal counsel. RAVEN RHAPSODY: Seeks to Hire Bedi Legal as Legal Counsel --------------------------------------------------------- Raven Rhapsody LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Bedi Legal, P.C. as legal counsel. The firm will provide these services: (a) amend or prepare the petition, lists, schedules and statements required by 11 U.S.C. Sec. 521; prepare the pleadings, motions, notices and orders required for the orderly administration of the estate; and consult with and advise the company in the reorganization of its business and the orderly administration of its assets; (b) prepare for, prosecute, defend and represent the company's interest in all contested matters, adversary proceedings and other motions and applications arising under, arising in or related to the case; (c) advise and consult concerning administration of the estate, the rights and remedies regarding the company's assets, and the claims of administrative, secured, priority and unsecured creditors and other parties in interest; (d) investigate the existence of other assets of the estate and, if any exist, take appropriate action to have them turned over to the estate, including instituting lawsuits and investigating whether lawsuits exist; (e) interact with and file applications for court approval of the engagement of other professionals regarding services incident to the administration of the estate, preparation of the plan of reorganization and prosecution of causes of action; and (f) prepare a plan of reorganization, negotiate with creditors and parties in interest affected by the plan, obtain confirmation of the plan, and perform all acts reasonably necessary to consummate the plan. The firm's current hourly rates are: John E. Bedi $450 Carolyn A. Bedi $400 Staff Attorney $275-$400 Paralegal $175 Legal Assistant $100 Receptionist $50 Prior to the filing, the firm received $10,338, of which $1,140 was earned for fees and $1,738 was applied to court costs, leaving a $7,500 retainer to be held in escrow for Chapter 11 services. Bedi Legal, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Carolyn A. Bedi, Esq. John E. Bedi, Esq. BEDI LEGAL, P.C. 1305 Executive Blvd., Ste. 110 Chesapeake, VA 23320 Telephone: (757) 222-5842 Facsimile: (757) 671-1682 E-mail: carolyn@bedilegal.com john@bedilegal.com About Raven Rhapsody LLC Raven Rhapsody LLC is a limited liability company whose specific business operations were not disclosed in the bankruptcy petition. The company operates as a privately held business entity organized under Virginia law. Raven Rhapsody LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-71434) on June 1, 2026. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $100,001 to $1 million. Honorable Bankruptcy Judge Stephen C. St. John handles the case. The Debtor is represented by Carolyn Anne Bedi, Esq. of Bedi Legal, P.C. Paula S. Beran serves as Subchapter V Trustee. RAVEN SHADOW: Seeks to Hire Bedi Legal PC as Legal Counsel ---------------------------------------------------------- Raven Shadow LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Virginia to hire Bedi Legal, P.C. as legal counsel. The firm will provide these services: (a) amend or prepare the petition, lists, schedules and statements required by 11 U.S.C. Sec. 521; prepare the pleadings, motions, notices and orders required for the orderly administration of the estate; and consult with and advise the Debtor in the reorganization of its business and the orderly administration of its assets; (b) prepare for, prosecute, defend and represent the Debtor's interest in all contested matters, adversary proceedings and other motions and applications arising under, arising in or related to this case; (c) advise and consult concerning administration of the estate, the rights and remedies regarding the Debtor's assets, and the claims of administrative, secured, priority and unsecured creditors and other parties in interest; (d) investigate the existence of other assets of the estate and, if any exist, take appropriate action to have them turned over to the estate, including instituting lawsuits and investigating whether lawsuits exist; (e) interact with and file applications for approval by the Court for the engagement of other professionals regarding services incident to the administration of the estate, preparation of the Plan of Reorganization and prosecution of causes of action; and (f) prepare a Plan of Reorganization, negotiate with creditors and parties in interest, obtain confirmation of the Plan, and perform all acts reasonably necessary to consummate the Plan. The firm's current hourly rates are: John E. Bedi $450 Carolyn A. Bedi $400 Staff Attorney $275-$400 Paralegal $175 Legal Assistant $100 Receptionist $50 The firm received a total retainer of $10,078, of which $840 was applied to pre-petition fees and $1,738 to court costs, leaving a balance of $7,500 held in escrow. Bedi Legal, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Carolyn A. Bedi, Esq. John E. Bedi, Esq. BEDI LEGAL, P.C. 1305 Executive Blvd., Ste. 110 Chesapeake, VA 23320 Telephone: (757) 222-5842 Facsimile: (757) 671-1682 E-mail: carolyn@bedilegal.com john@bedilegal.com About Raven Shadow LLC Raven Shadow LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-71433) on June 1, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Stephen C St John oversees the case. Carolyn Anne Bedi, Esq. at Bedi Legal, P.C. represents the Debtor as legal counsel. REEL TRIMS: Claims to be Paid from Disposable Income ---------------------------------------------------- Reel Trims LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Plan of Reorganization for Small Business dated June 29, 2026. The Debtor is a Florida limited liability company. Since 2008, the Debtor is a door and door molding subcontractor. The Plan Proponent's financial projections show that the Debtor will have projected disposable income of approximately $756,861 over the five-year period of the Plan. This Plan of Reorganization proposes to pay creditors of the Debtor from cash flow from operations. There are two classes of secured creditors. Class 1 of the secured creditors are outlined in the payment schedule. The first lien position of all of Debtor's assets is the United States Small Business Administration secured and perfected by a UCC-1 Financing Statement filed with Florida UCC, LLC. The remaining secured creditors in Class 1 are purchase money secured financing for vehicles and equipment. Class 2 of the secured creditors are the disputed claims of MCAs, United 1st, Unique Funding, EBF Holdings, LLC and Finwise Bank (collectively, "Disputed MCAs"). Debtor intends to file objections to the claims of Disputed MCAs. In the event, this Court sustains the objection and determines the amount of such claims, if any, the Disputed MCAs will be treated as Class 3 non-priority unsecured creditors. There is one class of non-priority unsecured creditors which currently contains 23 creditors, including the unsecured claim of the Disputed MCAs, if any. Several of these claims will be subject to objection by the Debtor. Current unsecured claims reflected either in Debtor's schedules or in filed proofs of claim total approximately $759,933.59 (assuming all disputed claims are allowed). Non-priority unsecured creditors holding allowed claims will receive distributions under this Plan. Based on the current total of unsecured claims, the proponent of this Plan estimates that unsecured creditors would receive approximately 23 cents on the dollar (assuming disputed claims are allowed) or approximately 37 cents on the dollar not including the disputed claims. However, to the extent that certain unsecured claims may be determined by the Court to be disallowed, the distributions to unsecured creditors with allowed claims would be higher. The Plan also provides for the payment of administrative expense claims, which include Court-approved fees and costs to Debtor's counsel and the Subchapter V Trustee and any remaining post-petition rent claimed by Debtor's prior landlord, 680 NW Enterprise Drive, LLC. Class 3 consists of Non-priority unsecured creditors. After payment in full to Classes 1 and 2 holding allowed non-priority unsecured claims will be paid in cash on a pro rata basis with other creditors in this class in monthly payments from Debtor's disposable income, with such payments to commence upon the later of: (i) the completion of payments of administrative expense claims, priority tax claims and the Class 1 secured claim; or (ii) the date on which such claims are allowed by final non-appealable orders. Subject to objection, current unsecured claims reflected either in Debtor's schedules or in filed proofs of claim total approximately $600,008.39 (not including Class 2 Claims). Class 3 is impaired. Class 4 the equity interests of the equity security holder, will be retained by Ronald Turba. The Debtor will apply its disposable income to make payments under the Plan on a quarterly basis for a three-year period, which will begin on the date the first payment is due under the Plan. The first payment under the Plan shall be made three months after the Effective Date, and shall be comprised of the Debtor's disposable monthly income over the preceding month. A full-text copy of the Plan of Reorganization dated June 29, 2026 is available at https://urlcurt.com/u?l=oypAx2 from PacerMonitor.com at no charge. Counsel to the Debtor: Steven E. Wallace, Esq. Steven E. Wallace, P.L. 1375 Gateway Boulevard Bynton Beach, FL 33426 Tel: (561) 400-3896 Email: wallacelaw1@me.com ecfwallacelaw@gmail.com About Reel Trims LLC Reel Trims LLC, established in 2008 in Port Saint Lucie, Florida, provides doors, trim, moulding, and hardware for residential construction and renovation projects, offering entry, interior, and sliding doors alongside finishing materials and hardware designed for durability and precise installation. The company serves contractors and homeowners, supplying components for upgrades and new builds while emphasizing craftsmanship and project-specific fit. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-14072) on March 31, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Ronald Turba, owner, signed the petition. Judge Erik P. Kimball presides over the case. Steven E. Wallace, Esq., at Steven E. Wallace, PL represents the Debtor as legal counsel. RELEASE WELL-BEING: Section 341(a) Meeting of Creditors on July 13 ------------------------------------------------------------------ On June 18, 2026, Release Well-Being Center, Inc., a Westborough, Massachusetts-based holistic wellness center and day spa, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Massachusetts. According to court filings, the debtor reports between $1 million and $10 million in liabilities, with between one and 49 creditors. A meeting of creditors under Section 341(a) scheduled on 341(a) meeting to be held on 7/13/2026 at 02:30 PM as Telephonic Meeting. Dial-in Number: 888-330-1716 Participant Code: 1093908. For International Call Information Please Contact the Trustee. (202) 306-3815. About Release Well-Being Center, Inc. Founded in 2016, Release Well-Being Center, Inc. operates a holistic wellness center offering massage therapy, yoga, contrast therapy, IV treatments, spa services and other wellness programs. The company expanded into Boston's Back Bay in 2024 and, as of June 2026, remained operational with a workforce of approximately 51 to 200 employees. Release Well-Being Center, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40730) on June 18, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable Elizabeth D. Katz handles the case. The debtor is represented by Michael B. Feinman, Esq., of Feinman Law Office. RIDER UNIVERSITY: S&P Affirms 'BB-' LT Rating on Debt Issued ------------------------------------------------------------ S&P Global Ratings revised the outlook to negative from stable and affirmed its 'BB-' long-term rating on debt issued for Rider University (Rider), New Jersey. S&P said, "The outlook revision reflects our view of Rider's weak liquidity position following several years of significant operating deficits, along with what we view as a risky debt profile with a sizable bullet payment due in 2031. In addition, it reflects our view of the university's placement on probation by its accreditors." The negative outlook reflects the risk the university faces if enrollment were to decline more than anticipated and operations fail to improve or if the university's liquid resources deteriorate any further. It also reflects the fact that any further major management changes which could hurt the university's ability to recruit and retain students, fundraise, or balance its budget. S&P said, "We would consider lowering the rating if Rider continues to report cash deficits or if its already weak financial resources and liquidity deteriorate further. We could also do so if the university issued any significant debt. "We could revise the outlook to stable if the university is able to consistently generate solid cash surpluses without the use of significant endowment draws and its financial resources ratios and liquidity improve, limiting the risk of not making debt service payments, including the bullet payment in 2031." RIVERSIDE INN: Ordered Into Receivership, Cited for Drugs, Crime ---------------------------------------------------------------- IE Community News reports that the Riverside Inn & Suites has been placed into receivership after the City of Riverside convinced a court that the La Sierra motel had become a persistent source of criminal activity and code enforcement violations. The court appointed a receiver to assume control of the property and oversee its rehabilitation. According to the city, the motel was repeatedly associated with drug offenses, assaults, prostitution, overdoses, weapons violations and other criminal incidents over several years. Officials also alleged that many individuals found at the property had outstanding warrants or histories involving narcotics. In addition to crime concerns, the city documented serious maintenance failures, including structural damage, mold, pest infestations, unapproved building modifications and unsafe plumbing, electrical and fire systems. Officials argued the owners had failed to adequately maintain the property or address ongoing violations, the report states. The receiver has been authorized to operate the motel, pay expenses and coordinate repairs needed to bring the property into compliance with health and safety standards. Riverside officials said the receivership is designed to protect the public and improve conditions for the surrounding community, according to report. About Riverside Inn & Suites Riverside Inn & Suites is a Riverside, California-based hotel business engaged in providing hospitality and accommodation services. The property features a variety of guest rooms, recreational amenities, and practical services aimed at meeting the needs of budget-conscious travelers. The City of Riverside obtained court approval to place Riverside Inn & Suites under receivership, transferring operational oversight of the motel to a court-appointed manager. The action followed allegations of persistent prostitution, criminal activities, and unresolved property violations, with the receiver tasked with stabilizing operations and bringing the property into compliance with local requirements. ROGUE FARE: Mountain Mike's Pizza Franchisee Seeks Chapter 11 ------------------------------------------------------------- Alex Jensen of KGW8 reports that Rogue Fare LLC, an Oregon franchisee of Mountain Mike's Pizza, has entered Chapter 11 bankruptcy while the national pizza brand continues opening new restaurants across the country. The Medford-based operator filed for bankruptcy protection on July 1 in the U.S. Bankruptcy Court for the District of Oregon, seeking to reorganize its business while continuing operations at five locations in southern Oregon. The bankruptcy petition lists assets of less than $50,000 and liabilities ranging from $1 million to $10 million. Court filings identify First Bank of the Lake and First Internet Bank of Indiana as the company's largest creditors, with claims exceeding $2.9 million and $1.5 million, respectively, the report states. Mountain Mike's said the filing represents an isolated restructuring involving one franchise partner rather than the franchisor itself. Company officials stated that the affected location remains open, customer service continues uninterrupted, and the bankruptcy has no impact on the broader Mountain Mike's franchise network. The filing highlights the financial pressures facing many restaurant operators despite continued brand expansion. While Mountain Mike's plans to open 25 additional restaurants this year, many franchisees across the restaurant industry continue to contend with inflation, rising labor costs, higher food prices, and increased competition for consumers' dining dollars, according to report. About Rogue Fare LLC Rogue Fare LLC, doing business as Mountain Mike's Pizza, operates a pizza restaurant offering dine-in, carryout, and delivery services. The restaurant is located at 2640 E. Barnett Road in Medford, Oregon, and serves pizzas made with fresh daily rolled dough, whole milk mozzarella, sliced vegetables and meats, and crispy curly pepperoni. The company serves families, parties, sports teams, company events, groups, and local organizations through dining, event, and fundraising programs. Rogue Fare LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Or. Case No. 26-61830) on July 1, 2026. In its petition, the Debtor reports lists assets of less than $50,000 and liabilities ranging from $1 million to $10 million. Honorable Bankruptcy Judge Kathryn F. Evans handles the case. The Debtor is reprensented by Keith Y Boyd, Esq. of KEITH Y. BOYD, PC. ROGUE FARE: To Hire Keith Y. Boyd P.C. as Attorney -------------------------------------------------- Rogue Fare, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire Keith Y. Boyd, P.C. to serve as attorney. The firm will provide these services: (a) perform all legal services regularly and customarily required; (b) provide representation in such adversary proceedings as may be commenced in this case; and (c) provide representation in such other proceedings as may be necessary and proper in other forums. Prior to filing, the firm received a $20,000 retainer payment. Prior to filing, Boyd applied $6,676 of the attorney fee retainer to prepetition attorney fees and $1,738 of the costs retainer to costs, including the filing fee. The remaining $11,586 will be held pending further court approval. Keith Y. Boyd, P.C. is a "disinterested person" within the meaning of Section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached at: Keith Y. Boyd, Esq. KEITH Y. BOYD, P.C. 724 S. Central Ave., Suite 106 Medford, OR 97501 Telephone: (541) 973-2422 Facsimile: (541) 973-2426 E-mail: keith@boydlegal.net About Rogue Fare, LLC Rogue Fare LLC, doing business as Mountain Mike's Pizza, operates a pizza restaurant offering dine-in, carryout, and delivery services. The restaurant is located at 2640 E. Barnett Road in Medford, Oregon, and serves pizzas made with fresh daily rolled dough, whole milk mozzarella, sliced vegetables and meats, and crispy curly pepperoni. The company serves families, parties, sports teams, company events, groups, and local organizations through dining, event, and fundraising programs. Rogue Fare, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Or. Case No. 26-61830-kfe11) on July 1, 2026. At the time of the filing, Debtor had estimated assets of between $0 and $50,000 and liabilities of between $1,000,001 and $10 million. Judge Kathryn F. Evans oversees the case. Keith Y. Boyd, P.C. is Debtor's legal counsel. ROLLING TANK: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Rolling, Tank and Fabrication Inc. received interim approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to fund operations based on a court-approved budget until further order. Several secured creditors may have interests in the Debtor's cash collateral because four active Uniform Commercial Code financing statements have been filed against the company's assets. Two financing statements, filed on November 14 and November 25, 2022, were recorded by KeyBank National Association and purport to create security interests in substantially all lienable assets of the Debtor. Two additional UCC financing statements were filed in 2025—one by Corporation Service Company on April 16, 2025, and another by CT Corporation System on July 17, 2025. However, the Debtor notes that these filings identify only the service companies acting as representatives and do not disclose the underlying secured creditors, making it impossible to determine from the public filings which creditors they represent. Based on its review of the recorded liens, the Debtor believes that KeyBank holds the first-priority security interest in the company's cash collateral. KeyBank is the lender on two outstanding loans with approximate balances of $79,303 and $150,000. To ensure that all potentially interested parties receive notice, the Debtor has named as respondents KeyBank National Association, Heritage Bank, iBusiness Funding, Intuit, Kapitus, LLC, and all service agents identified in the UCC filings, even where the exact creditor associated with a financing statement cannot be determined. The order is available at http://bankrupt.com/misc/RollingTank_ICCOrder34.pdf A final hearing is set for July 22. About Rolling, Tank and Fabrication Inc. Rolling, Tank and Fabrication Inc is a Pennsylvania-based custom metal fabrication company that provides roll forming, press brake forming, welding, repair and fabrication services using steel, stainless steel and aluminum, while serving customers requiring specialty tanks, tubing, formed metal products and related delivery services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-21708) on June 22, 2026. In the petition signed by William Herstine, president/shareholder, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Christopher M. Frye, Esq., at STEIDL & STEINBERG, PC, represents the Debtor as legal counsel. ROSLAND CAPITAL: Seeks to Retain BMC Group as Noticing Agent ------------------------------------------------------------ Rosland Capital LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to retain and appoint BMC Group, Inc. as noticing agent. The firm will provide these bservices: (a) legal noticing and compilation, administration, evaluation and production of documents and information necessary to support the Chapter 11 case; (b) receive and manage creditor, claimant and other interested parties' information for the purpose of performing the dissemination of notices required in the bankruptcy case; (c) maintain an up-to-date mailing list and informational database for all entities who have been scheduled as creditors, filed proofs of claim and/or requests for notices in the bankruptcy cases; (d) assist with the administrative management of claims and notice data; (e) if requested, print, mail and receive ballots for purposes of plan voting; (f) create and maintain a case-specific information website; (g) assist with the production of reports, exhibits and schedules of information for use by the Debtor or to be delivered to the Court, the Clerk's Office, the U.S. Trustee or third parties; (h) provide other technical and document management services of a similar nature requested by the Debtor or the Clerk's Office; and (i) provide any other services agreed upon by the parties and such other expertise, consultation and assistance necessary to assist the Debtor in carrying out its noticing obligations under the Bankruptcy Code. Prior to the petition date, the Debtor provided BMC with a $25,000 retainer, which remains unapplied. The firm seeks payment of its undisputed fees and expenses as administrative expenses in the ordinary course of business, while any services outside the approved noticing services will be subject to Sections 327, 328, 330, and/or 331 of the Bankruptcy Code. According to court filings, BMC Group, Inc. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Tinamarie Feil BMC GROUP, INC. 600 1st Avenue, #117 Seattle, WA 98104 Telephone: (206) 491-2169 E-mail: tfeil@bmcgroup.com About Rosland Capital LLC Rosland Capital LLC is a Delaware limited liability company based in Los Angeles, California, with an additional office in Henderson, Nevada. Founded in 2008 by CEO Marin Aleksov, the company offers and sells precious metals products including gold, silver, platinum, palladium, coins, bars, bullion coins, specialty coins, numismatic coins, and IRA-eligible products. Rosland Capital also sells precious metals for inclusion in self-directed IRAs and provides information and support for customers exploring precious metals purchases and precious metals IRAs. The company serves retail consumers throughout the U.S. and offers officially licensed specialty gold and silver coins through collaborations with organizations including Formula 1, the PGA Tour, and the British Museum. Rosland Capital LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-16650-BB) on July 2, 2026. The petition was signed by Michael Hogan as chief restructuring officer. At the time of the filing, Debtor had estimated assets of $1 million to $10 million and estimated liabilities of $50 million to $100 million. Judge Sheri Bluebond oversees the case. Greenberg Glusker Fields Claman & Machtinger LLP is Debtor's legal counsel. RUSSELLVILLE DENTAL: Seeks Subchapter V Bankruptcy in Kentucky -------------------------------------------------------------- On June 15, 2026, Russellville Dental Lab, LLC, a Russellville, Kentucky-based dental laboratory services provider, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Kentucky. According to court filings, the debtor reports between $1 million and $10 million in liabilities, between $500,000 and $1 million in assets, and between one and 49 creditors. About Russellville Dental Lab, LLC Russellville Dental Lab, LLC operates as a dental laboratory providing specialized dental technology and laboratory services. The company has historically offered digital workflow solutions for dental implants and guided surgery. In 2021, the company pursued state tax incentives for a proposed $1 million facility expansion in the Russellville area. Russellville Dental Lab, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Ky. Case No. 26-10553) on June 15, 2026. In its petition, the debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. The Honorable Joan A. Lloyd handles the case. The debtor is represented by Robert C. Chaudoin, Esq. Keith Larson is appointed as Subchapter V Trustee. S & S MASONRY: Section 341(a) Meeting of Creditors on July 10 ------------------------------------------------------------- On June 15, 2026, S & S Masonry, Inc., an Alexandria, Louisiana-based masonry contracting company, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Louisiana. According to court filings, the debtor reports between $500,000 and $1 million in liabilities, including $288,000 in secured debt, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 10, 2026 at 10:00 AM at 341 Meeting - Telephone Conference, UST. Call: 888-330-1716, Passcode: 5240151#. The deadline for filing the Chapter 11 Subchapter V Plan has been set for September 14, 2026. About S & S Masonry, Inc. S & S Masonry, Inc. is a masonry contractor based in Alexandria, Louisiana, providing construction-related masonry services. The company operates within the masonry contracting industry and serves as a local construction service provider specializing in masonry work for commercial and residential projects. S & S Masonry, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-80409) on June 15, 2026. In its petition, the debtor reported estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. The Honorable Stephen D. Wheelis handles the case. The debtor is represented by Thomas R. Willson, Esq., of Rocky Willson. Joseph R. Moore is appointed as Subchapter V Trustee. SABLE OFFSHORE: Issues $345 Million Convertible Notes Due 2031 -------------------------------------------------------------- Sable Offshore Corp. announced in a regulatory filing that it issued $345.0 million aggregate principal amount of its 6.5% Convertible Senior Notes due 2031. The Notes were issued pursuant to, and are governed by, an indenture, dated as of July 2, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee, as supplemented by a first supplemental indenture, dated as of July 2, between the Company and the Trustee. Pursuant to the Note Underwriting Agreement referred to below, the Company granted the underwriters an option, which is exercisable within 30 days after June 30, 2026, to purchase up to an additional $45.0 million aggregate principal amount of Notes solely to cover over-allotments. The Notes issued on July 2, 2026 include $45.0 million aggregate principal amount of Notes issued pursuant to the full exercise by the underwriters of such option. The Notes are the Company's senior, unsecured obligations and are: (i) equal in right of payment with the Company's existing and future senior, unsecured indebtedness; (ii) senior in right of payment to the Company's existing and future indebtedness that is expressly subordinated to the Notes; (iii) effectively subordinated to the Company's existing and future secured indebtedness, to the extent of the value of the collateral securing that indebtedness; and (iv) structurally subordinated to all existing and future indebtedness and other liabilities, including trade payables, and (to the extent the Company is not a holder thereof) preferred equity, if any, of the Company's subsidiaries. The Notes will accrue interest at a rate of 6.5% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2027. The Notes will mature on July 1, 2031, unless earlier repurchased, redeemed or converted. Before April 1, 2031, noteholders will have the right to convert their Notes only upon the occurrence of certain events. From and after April 1, 2031, noteholders may convert their Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. The Company will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at the Company's election. The initial conversion rate is 249.7502 shares of the Company's common stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $4.00 per share of the Company's common stock. The conversion rate and conversion price will be subject to customary adjustments upon the occurrence of certain events. In addition, if certain corporate events that constitute a "Make-Whole Fundamental Change" (as defined in the Indenture) occur, then the conversion rate will, in certain circumstances, be increased for a specified period of time. The Notes will be redeemable, in whole or in part (subject to certain limitations), at the Company's option at any time, and from time to time, on or after July 6, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of the Company's common stock exceeds 175% of the conversion price on: (i) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date the Company sends the related redemption notice; and (ii) the trading day immediately before the date the Company sends such redemption notice. However, the Company may not redeem less than all of the outstanding Notes unless at least $100 million aggregate principal amount of Notes are outstanding and not called for redemption as of the time the Company sends the related redemption notice. The redemption price will be a cash amount equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. In addition, calling any Note for redemption will constitute a Make-Whole Fundamental Change with respect to that Note, in which case the conversion rate applicable to the conversion of that Note will be increased in certain circumstances if it is converted after it is called for redemption. If certain corporate events that constitute a "Fundamental Change" (as defined in the Indenture) occur, then, subject to a limited exception for certain cash mergers, noteholders may require the Company to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date. The definition of Fundamental Change includes certain business combination transactions involving the Company and certain de-listing events with respect to the Company's common stock. Noteholders may require the Company to repurchase their Notes on July 6, 2029, at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The Notes have customary provisions relating to the occurrence of "Events of Default" (as defined in the Indenture), which include the following: (i) certain payment defaults on the Notes (which, in the case of a default in the payment of interest on the Notes, will be subject to a 30-day cure period); (ii) the Company's failure to send certain notices under the Indenture within specified periods of time; (iii) a default in the Company's obligation to convert a Note upon the exercise of the conversion right with respect thereto, if such default is not cured within five days after its occurrence; (iv) the Company's failure to comply with certain covenants in the Indenture relating to the Company's ability to consolidate with or merge with or into, or sell, lease or otherwise transfer, in one transaction or a series of transactions, all or substantially all of the assets of the Company and its subsidiaries, taken as a whole, to another person; (v) a default by the Company in its other obligations or agreements under the Indenture or the Notes if such default is not cured or waived within 60 days after notice is given in accordance with the Indenture; (vi) certain defaults by the Company or any of its significant subsidiaries with respect to indebtedness for borrowed money of at least $30,000,000; (vii) the rendering of certain judgments against the Company or any of its significant subsidiaries for the payment of at least $30,000,000, where such judgments are not discharged or stayed within 60 days after date on which the right to appeal has expired or on which all rights to appeal have been extinguished; and (viii) certain events of bankruptcy, insolvency and reorganization involving the Company or any of its significant subsidiaries. If an Event of Default involving bankruptcy, insolvency or reorganization events with respect to the Company (and not solely with respect to a significant subsidiary of the Company) occurs, then the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding will immediately become due and payable without any further action or notice by any person. If any other Event of Default occurs and is continuing, then, the Trustee, by notice to the Company, or noteholders of at least 25% of the aggregate principal amount of Notes then outstanding, by notice to the Company and the Trustee, may declare the principal amount of, and all accrued and unpaid interest on, all of the Notes then outstanding to become due and payable immediately. However, notwithstanding the foregoing, the Company may elect, at its option, that the sole remedy for an Event of Default relating to certain failures by the Company to comply with certain reporting covenants in the Indenture consists exclusively of the right of the noteholders to receive special interest on the Notes for up to 360 days at a specified rate per annum not exceeding 0.50% on the principal amount of the Notes. A copy of the Base Indenture, the Supplemental Indenture and the form of the certificate representing the Notes are filed available at https://tinyurl.com/bdjfvr4a, https://tinyurl.com/h6kvnakz, respectively. Note Underwriting Agreement; Notes Offering On June 30, 2026, the Company entered into an underwriting agreement with certain underwriters agreeing, subject to customary conditions, to issue and sell $300.0 million principal amount of Notes to the Note Underwriters. In addition, pursuant to the Note Underwriting Agreement, the Company granted the Note Underwriters a 30-day option to purchase up to an additional $45.0 million principal amount of Notes solely to cover over-allotments. On July 1, 2026, the Note Underwriters exercised such option in full to purchase an additional $45.0 million principal amount Notes on July 2, 2026. A copy of the Note Underwriting Agreement is available at https://tinyurl.com/2dephfpe The offering of the Notes was made pursuant to a shelf registration statement on Form S-3 (File No. 333- 286675) that was filed with the U.S. Securities and Exchange Commission and became effective on May 1, 2025, including the prospectus forming a part of the Registration Statement, a preliminary prospectus supplement, which was filed with the SEC on June 30, 2026 pursuant to Rule 424(b) under the Securities Act, a supplement to the preliminary prospectus dated June 30, 2026, which was filed with the SEC on June 30, 2026 pursuant to Rule 424(b) under the Securities Act, and a final prospectus supplement, dated June 30, 2026, which was filed with the SEC on July 1, 2026, pursuant to Rule 424(b) under the Securities Act. The Notes Offering closed on July 2, 2026. The Company intends to use the approximately $332.5 million of net proceeds from the Notes Offering, along with the proceeds from the Concurrent Common Stock Offering and borrowings under Term Loan B, to repay in full its Senior Secured Term Loan with Exxon Mobil Corporation, to pay fees and expenses in connection with the Offerings and for general corporate purposes. A copy of the legal opinion of Latham & Watkins LLP relating to the validity of the issuance and sale of the Notes in the Notes Offering is available at https://tinyurl.com/ye2x2arh Common Stock Underwriting Agreement; Concurrent Common Stock Offering The Company also entered into an underwriting agreement with J.P. Morgan Securities LLC, as representative of the several underwriters relating to the previously announced underwritten offering of 32,467,533 shares of the Company's common stock, on June 30, 2026. Under the terms of the Common Stock Underwriting Agreement, the Company granted the Common Stock Underwriters a 30-day option to purchase up to 4,870,129 additional shares of common stock. On July 1, 2026, the Common Stock Underwriters exercised this option in full for settlement on July 2, 2026. The Common Stock Underwriting Agreement contains customary representations and warranties, agreements and obligations, closing conditions and termination provisions. The Company has agreed to indemnify the Common Stock Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, and to contribute to any payment that the Common Stock Underwriters may be required to make because of any of those liabilities. The Concurrent Common Stock Offering was made pursuant to the Registration Statement that was filed with the SEC and became effective on May 1, 2025, including the prospectus forming a part of the Registration Statement, a preliminary prospectus supplement, which was filed with the SEC on June 30, 2026 pursuant to Rule 424(b) under the Securities Act, a supplement to the preliminary prospectus dated June 30, 2026, which was filed with the SEC on June 30, 2026 pursuant to Rule 424(b) under the Securities Act, and a final prospectus supplement dated June 30, 2026, which was filed with the SEC on July 1, 2026, pursuant to Rule 424(b) under the Securities Act. The Concurrent Common Stock Offering closed on July 2, 2026. The Company intends to use the approximately $107.0 million of net proceeds from the Concurrent Common Stock Offering, along with the proceeds from the Notes Offering and borrowings under Term Loan B, to repay in full its Senior Secured Term Loan with Exxon Mobil Corporation, to pay fees and expenses in connection with the Offerings and for general corporate purposes. The foregoing summary of the Common Stock Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Common Stock Underwriting Agreement, a copy of which is attached as Exhibit 1.2 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference. A copy of the legal opinion of Latham & Watkins LLP relating to the validity of the issuance and sale of the Common Stock in the Concurrent Common Stock Offering is available at https://tinyurl.com/38zmxarx New Senior Secured Credit Facilities On July 2, 2026, the Company entered into: (i) a senior secured reserve-based revolving credit facility in an initial aggregate maximum credit amount of up to $500,000,000 (but initially subject to a "zero borrowing base"), with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders and issuing banks from time to time party thereto, for the purpose of facilitating secured hedging arrangements and secured cash management arrangements and (ii) a senior secured term loan B credit facility providing term loans in an aggregate principal amount of $675,000,000, with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders from time to time party thereto. The Senior Revolver provides for revolving credit availability (including the issuance of letters of credit) up to the lesser of: (i) the aggregate maximum credit amount (or letter of credit commitment amount, as applicable) and (ii) the borrowing base then in effect, to be determined from time to time after the repayment in full in cash and termination of the Term Loan B (including any permitted refinancing thereof unless such permitted refinancing is unsecured) by the administrative agent based on the value of the Company's proved oil and gas reserves amongst other factors. As of the closing of the Senior Revolver, the borrowing base is $0 and accordingly, will not provide for revolving availability until such time as a borrowing base is established. The Senior Revolver will mature on December 15, 2028. Borrowings, if any, under the Senior Revolver will bear interest at a floating rate based on, at the Company's election, either Term SOFR plus an applicable margin of 3.00% to 4.00%, based on borrowing base utilization, or the base rate plus an applicable margin of 2.00% to 3.00%, based on borrowing base utilization. The Term Loan B was fully drawn on the closing date. The Term Loan B bears interest at a rate equal to 15.00% per annum and matures on December 15, 2028. The Term Loan B is subject to quarterly amortization of 2.5% of the aggregate principal amount of the term loans for the fiscal quarters ending on September 30, 2026 and December 31, 2026 and of 5.0% of the aggregate principal amount of the term loans for fiscal quarters ending thereafter. The Term Loan B requires mandatory prepayments equal to 100% of excess cash flow and 100% of the net cash proceeds from certain permitted asset sales. Excess cash flow is generally calculated on a quarterly basis as consolidated net income, adjusted for non-cash items, changes in net working capital, capital expenditures made with internally generated cash, debt repayments and prepayments, cash taxes, and certain other deductions. The excess cash flow for any fiscal quarter is subject to a minimum liquidity requirement such that, after giving effect to the mandatory prepayment, our aggregate unrestricted cash and cash equivalents may not be less than $25,000,000. The Term Loan B provides that upon maturity, refinancing or acceleration following an event of default thereunder, any payment of principal of the loans must also include additional amounts required for lenders to achieve a 1.25 to 1.00 minimum multiple on invested capital. In addition, in connection with any repayment or prepayment in full of the obligations under the Term Loan B, the Company will be obligated to pay a fee to each lender equal to: (a) 1.00% during the period commencing June 30, 2027 through December 30, 2027, (b) 2.00% during the period commencing December 31, 2027 through June 29, 2028 and (c) 3.00% during the period commencing June 30, 2028 through the maturity date of the Term Loan B. The Term Loan B is also subject to mandatory prepayments from excess cash flow and other specified events. After closing the transactions, the initial lenders include an affiliate of Exxon Mobil Corporation holding $299.17 million of the Term Loan B. The obligations under the New Senior Secured Credit Facilities are secured by first-priority liens on substantially all assets of the Company and its material subsidiaries and are guaranteed by the Company's material subsidiaries. The Senior Revolver and Term Loan B are subject to a first lien intercreditor agreement that governs the relative rights of the secured parties thereunder. The New Senior Secured Credit Facilities contain customary representations and warranties, affirmative and negative covenants, and events of default (including a change of control). The New Senior Secured Credit Facilities impose operating and financial restrictions on the Company and its subsidiaries, including limitations on the ability to, among other things: engage in mergers, consolidations, liquidations, or dissolutions; create or incur debt or liens; make certain debt prepayments; pay dividends, distributions or certain other restricted payments; make investments, acquisitions, loans, or purchase oil and gas properties; make capital expenditures; incur general and administrative costs; enter into hedging arrangements; sell, assign, farm-out or dispose of any property; operate in certain geographical boundaries; enter into transactions with affiliates; and create new subsidiaries and change the nature of the Company's business. The Senior Revolver also contains financial covenants, including a maximum consolidated total leverage ratio of 3.00x, tested quarterly on a rolling four-quarter basis, and a minimum current ratio of 1.00x, tested quarterly, in each case following the establishment of a borrowing base in excess of $0.00. Full text copies of the Term Loan B Credit Agreement and the Senior Revolver Credit Agreement are available at https://tinyurl.com/ytdzjs5r and https://tinyurl.com/22k26exm, respectively. Certain Operational and Strategic Updates In connection with the Offerings, the Company included certain operational and strategic updates in the prospectus supplements for the Offerings. A copy of the operational and strategic updates is available at https://tinyurl.com/53p984ma 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. SAICP HOTEL: To Employ Stretto Inc. as Real Estate Advisor ---------------------------------------------------------- SAICP Hotel, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Stretto, Inc. as real estate advisor. The firm will provide these services: (a) represent the Debtor, on an exclusive right to sell basis, in the negotiation of transactions; (b) review pertinent documents and consult with the Debtor's counsel; (c) coordinate with the Debtor for the development of due diligence materials; (d) develop and implement, subject to the Debtor's review and approval, a marketing plan; (e) communicate regularly with prospects; (f) solicit offers for one or more transactions; (g) assist the Debtor in evaluating, structuring, negotiating, and implementing the terms and conditions of proposed transactions; (h) develop and implement, subject to the Debtor's review and approval, an auction plan, including arranging auction logistics, assisting Debtor's counsel with auction bid procedures, and assisting the Debtor to qualify bidders; (i) communicate regularly with the Debtor and its professional advisors regarding the status of its efforts; and (j) work with the Debtor's attorneys responsible for implementing the proposed transactions, reviewing documents, negotiating, and assisting in resolving matters that may arise. Stretto, Inc. will earn a fee equal to 2.5% of the Gross Sale Proceeds if a property is sold and shall be reimbursed up to $30,000 for marketing expenses. Stretto, Inc. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Terry Rochford STRETTO, INC. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 E-mail: sheryl.betance@stretto.com About Saicp Hotel LLC SAICP Hotel, LLC, doing business as Le Meridien Pasadena Arcadia, operates a hotel in Arcadia, California located at 130 W. Huntington Drive. Saicp Hotel sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-14338) on April 30, 2026, with between $50 million and $100 million in both assets and liabilities. Honorable Bankruptcy Judge Barry Russell handles the case. The Debtor is represented by Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger. SAILORMEN INC: Gets Extension to Access Cash Collateral ------------------------------------------------------- Sailormen Inc. received an extension from the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, to use cash collateral. The court entered an agreed order extending the Debtor's authority to use cash collateral through July 12, amending the June 30 termination date set forth in its March 13 final order. It likewise extended to July 12 the deadline to consummate sales of substantially all of the Debtor's assets. The court prohibited the Debtor from incurring liabilities or making disbursements outside the approved budget during the extension period without prior consent of BMO Bank, N.A., as administrative agent for senior secured lenders under a 2020 credit agreement, and Popeyes Louisiana Kitchen, Inc. The lenders have a first-priority security interest in substantially all of the Debtor's assets, including cash and accounts receivable. As of Nov. 28, 2025, the outstanding loan balance included $112.4 million in principal and $17.6 million in accrued interest and fees. In addition to the protections granted under the March 13 final cash collateral order, the court required the Debtor to make an immediate $1 million payment to BMO Bank on its obligations under the credit agreement and continue its $60,000 weekly payments. Meanwhile, the agreed order imposed several obligations on Popeyes, including waiving administrative claims for royalties, advertising fees, and certain professional fees that would otherwise accrue during the extension period. Popeyes must also waive its contractual right to remove any "Option Stores" from the pending asset purchase agreement or reduce the purchase price on that basis. In addition, Popeyes may be required to reimburse the Debtor for prorated prepaid expenses, such as rent, if approved sale transactions fail to close by the extended deadline and those costs are not assumed by a purchaser. Meanwhile, the Debtor was directed to surrender the premises subject to the rejected leases listed in the agreed order. Except for the specific modifications contained in the agreed order, all provisions of the prior final cash collateral order remain in full force and effect. A copy of the agreed order and the Debtor's budget is available at https://shorturl.at/rLyEh from PacerMonitor.com. As of January 15, the Debtor was indebted to the lenders in an amount not less than $129,982,639, consisting of the unpaid principal balance totaling $112.4 million, accrued interest totaling $14.6 million, plus other accrued and unpaid fees and expenses. As security for payment and performance of its pre-petition secured obligations, the Debtor assigned and granted to BMO Bank continuing security interests in and liens on all of its right to and interest in all or substantially all of its property, consisting of personal property and related proceeds. These pre-petition liens are first-priority security interests in the pre-petition collateral, subject to any other valid, enforceable, perfected and unavoidable lien or security interest existing as of the petition date that is senior to BMO Bank's pre-petition liens. Prior to its Chapter 11 filing, Sailormen has faced significant challenges including the effects of the COVID-19 pandemic, inflation, higher borrowing costs, labor shortages, and broader economic uncertainty. To reduce losses and improve its financial position, the Debtor sold 16 restaurants but the purchaser failed, leaving the Debtor liable under lease guarantees. Despite these efforts, the Debtor's financial condition continued to deteriorate, resulting in missed rent payments to several landlords. In addition, on December 8, 2025, BMO Bank filed a complaint against the Debtor in the U.S. District Court for the Southern District of New York and a motion seeking the appointment of a federal receiver in the New York case, which would, among other things, displace management of the Debtor and provide the receiver with the sole right to control the business and assets. Sailormen believes that it will fare far better in a Chapter 11 case with it remaining a debtor-in-possession acting as a fiduciary for the benefit of all creditors and parties in interest, and not just for the benefit of the lenders. BMO Bank, as administrative agent, is represented by: Paul Steven Singerman, Esq. Jordi Guso, Esq. Erin M. Hoskins, Esq. BERGER SINGERMAN LLP 1450 Brickell Avenue, Suite 1900 Miami, FL 33131 Telephone: (305) 755-9500 Facsimile: (305) 714-4340 singerman@bergersingerman.com jguso@bergersingerman.com ehoskins@bergersingerman.com -- and -- Peter P. Knight, Esq. Terence G. Banich, Esq. Alexander L. Norman, Esq. Katten Muchin Rosenman LLP 525 W. Monroe Street Chicago, IL 60661-3693 Telephone: 312.902.5200 peter.knight@katten.com terence.banich@katten.com alex.norman@katten.com About Sailormen Inc. Sailormen Inc. is a leading franchisee of Popeyes Louisiana Kitchen restaurants. Sailormen Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10451) on January 15, 2026. In its petition, the Debtor reports estimated assets between $100 million and $500 million and $342 million in liabilities. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor tapped Shraiberg Page, P.A. and Cole Schotz, P.C. as bankruptcy counsel; Peak Franchise Capital, LLC as investment banker; and David M. Baker of Aurora Management Partners Inc. as chief restructuring officer. Stretto Inc. is the claims, noticing, and balloting agent. The U.S. Trustee for Region 21 appointed an official committee to represent unsecured creditors in the Debtor's case. The committee tapped Lowenstein Sandler LLP as lead bankruptcy counsel; Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A. as local counsel; and FTI Consulting, Inc. as financial advisor. SANGAMO THERAPEUTICS: Hires Verita as Claims and Noticing Agent --------------------------------------------------------------- Sangamo Therapeutics Inc. seeks approval from the U.S. Bankruptcy Court for the District of Delaware to hire Kurtzman Carson Consultants, LLC dba Verita Global as the claims and noticing agent. Verita Global will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 case of the Debtor. Before the petition date, the Debtor provided Verita a retainer in the amount of $35,000. Evan Gershbein, executive vice president at Verita Global, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Evan J. Gershbein Verita Global 222 N. Pacific Coast Highway, 3rd Floor El Segundo, CA 90245 Telephone: (310) 823-9000 Facsimile: (310) 823-9133 Email: egershbein@kccllc.com About Sangamo Therapeutics Inc. Sangamo Therapeutics Inc. is a biotechnology firm specializing in genome engineering and gene therapy research. It is best known for its zinc finger nuclease platform, which is designed to modify genes to treat inherited and rare diseases. Sangamo Therapeutics Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10989) on June 23, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Craig T. Goldblatt handles the case. The Debtor is represented by Kristin Cunningham, Esq. of Richards, Layton & Finger. SCHRAPPER'S FINE: Seeks Approval to Hire Zeichman Law as Attorneys ------------------------------------------------------------------ Schrapper's Fine Cabinetry & Design LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Thomas G. Zeichman, Esq. and Zeichman Law as attorneys. The firm will provide these services: (a) give advice with respect to its powers and duties under Chapter 11; (b) advise with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect its interests in all matters pending before the Court; and (e) represent it in negotiations with creditors in the preparation of a plan. Thomas G. Zeichman, Esq. will receive an hourly rate of $500, and paralegals will receive an hourly rate of $195. According to court filings, Thomas G. Zeichman, Esq. and Zeichman Law are "disinterested persons" within the meaning of Section 327(a) of the Bankruptcy Code. The firm can be reached at: Thomas G. Zeichman, Esq. ZEICHMAN LAW 2385 NW Executive Center Drive, Suite 300 Boca Raton, FL 33431 Telephone: (561) 486-9360 Facsimile: (754) 335-4217 E-mail: tom@zeichmanlaw.com About Schrapper'S Fine Cabinetry & Design LLC Schrapper'S Fine Cabinetry & Design, LLC is a Jupiter, Florida-based cabinetry design and installation company that provides custom kitchen cabinets, bathroom vanities, closet systems, outdoor kitchen cabinetry, home office built-ins and other storage solutions for residential customers in Palm Beach and Martin counties. Schrapper'S filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17649) on June 11, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. James Smith, manager, signed the petition. Judge Mindy A Mora oversees the case. Thomas Zeichman, Esq., at Zeichman Law represents the Debtor a bankruptcy counsel. SCIENS GROUP: Chapter 15 Case Summary ------------------------------------- Three affiliates that concurrently filed voluntary petitions for relief under Chapter 15 of the Bankruptcy Code: Debtor Case No. ------ -------- Sciens Group Alternative Strategies PCC Limited 26-90706 Ground Floor, Dorey Court, Admiral Park St. Peter Port Guernsey GY1 2HT SAM Trading Holdings PCC Limited 26-90707 SAM Diversified Holdings PCC Limited 26-90708 Business Description: The Debtors are related Guernsey investment fund vehicles that operated as protected cell companies and authorised collective investment schemes, with their business consisting of alternative-investment and fund-holding activities. Chapter 15 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Southern District of Texas Judge: Hon. Christopher M Lopez Foreign Representatives: Andrew Richard Victor Morrison and David Martin Griffin Suite 3206, 53 Market Street PO Box 30613 Camana Bay, Grand Cayman Cayman Islands KY1-1203 Foreign Proceeding: Guernsey Voluntary Liquidation Proceeding Foreign Representatives' Counsel: Joshua N. Eppich, Esq. BONDS ELLIS EPPICH SCHAFER JONES LLP 402 Heights Blvd. Houston TX 77007 Tel: (817) 405-6900 Email: Joshua@BondsEllis.com Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of Sciens Group's Chapter 15 petition is available for free on PacerMonitor: https://www.pacermonitor.com/view/OAWR2CY/Sciens_Group_Alternative_Strategies__txsbke-26-90706__0001.0.pdf?mcid=tGE4TAMA SEARLES VALLEY: Court OKs Bid Rules for Mining Asset Sale --------------------------------------------------------- Searles Valley Minerals, Inc. and its affiliates sought and obtained court authority to conduct bidding procedures to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. SVM (together with its Debtor and non-Debtor subsidiaries) operates a vertically integrated mining and processing complex at Searles Lake in Trona, California, where it produces critical industrial minerals, including borates, sodium sulfate, and salt, sourced from one of the largest known deposits of water-soluble borates in North America. The Company is among the largest and lowest cost producers of borates, serving a diversified global customer base across industrial, agricultural, and specialty chemical end markets. The Company historically mined and processed Sodium Carbonate (soda ash) until February 2026, and continues to source and supply soda ash to its customers in North America. In addition, the Debtors source and provide potable water for approximately 760 residential and commercial customers in certain areas on the west shoreline of Searles Lake, California, including the town of Trona, California. The Court finds that the Debtors have articulated good and sufficient reasons for authorizing and approving the Bidding Procedures, which are fair, reasonable, and appropriate under the circumstances and designed to maximize the recovery on, and realizable value of, the Assets. The Debtors have articulated good and sufficient business reasons for the Court to approve the procedures for designating any Stalking Horse Bidder, including the Break-Up Fee and Expense Reimbursement Amount The notice provided by the Debtors regarding the Sale of the Assets by Auction and Sale Hearing is reasonably calculated to provide all interested parties with timely and proper notice of the proposed Sale. The Sale Hearing will commence on August 26, 2026 at 1:30 p.m., prevailing Eastern Time, before the Honorable Brendan L. Shannon of the United States Bankruptcy Court for the District of Delaware, 824 Market St. N., 6th Floor, Courtroom #1, Wilmington, Delaware 19801. The Bidding Procedures are approved in their entirety, and the Bidding Procedures shall govern the submission, receipt, and analysis of all bids relating to the proposed Sale, and any party desiring to submit an offer for the Debtors' Assets must comply with the terms of the Bidding Procedures and this Order. The Bidding Procedures shall also govern the terms on which the Debtors will proceed with the Auction or the Sale. The Debtors are authorized to take any and all actions reasonably necessary or appropriate to implement the Bidding Procedures. Subject to the entry and provisions of the Bid Protections Order, in the event that the Debtors designate a Stalking Horse Bidder and the Stalking Horse Bidder is not the Successful Bidder with respect to the Stalking Horse Bid, the Debtors are authorized, but not directed, to make certain payments in consideration of its being the Stalking Horse Bidder with respect to the Stalking Horse Bid and to reimburse it for its reasonable and necessary out-of-pocket expenses. The Debtors are authorized to take all actions reasonably necessary, in the discretion of the Debtors, to conduct and implement the Auction. The Debtors and their professionals shall direct and preside over the Auction and the Auction shall be transcribed. The Debtors shall conduct the Auction in the manner set forth in the Order and the Bidding Procedures. About Searles Valley Minerals Searles Valley Minerals, Inc. operates mining and processing facilities that produce a variety of mineral products for industrial, agricultural, and commercial customers. Its portfolio includes soda ash, boron-based products, sodium sulfate, and other specialty minerals derived from California's Searles Lake. Searles Valley Minerals and its affiliates, Trona Railway Company, LLC and Searles Domestic Water Company, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10966) on June 15, 2026. In its petition, Searles Valley Minerals reported between $100 million and $500 million in both assets and liabilities. Honorable Bankruptcy Judge Brendan Linehan Shannon handles the cases. The Debtors tapped Pachulski Stang Ziehl & Jones, LLP, and Skadden, Arps, Slate, Meagher & Flom, LLP as legal counsel; Ankura Consulting Group, LLC as financial advisor; and Lazard Frères & Co., LLC as investment banker. Stretto, Inc. is the Debtors' noticing, claims management, balloting and solicitation agent. SERTA SIMMONS: Court Awards $400MM to Left-Out Lenders ------------------------------------------------------ James Nani of Bloomberg Law reports that lenders that were excluded from Serta Simmons Bedding LLC's 2020 debt restructuring have won a court battle that could result in a recovery of about $400 million in damages and interest. The bankruptcy court ruling favors creditors who argued they were improperly denied participation in the company's controversial debt exchange. In a Tuesday, July 7, 2026, decision, Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas ruled for the excluded lenders, including Apollo Global Management and other investment firms. The decision comes after multiple participating lenders resolved related claims through confidential settlements. At issue was Serta's $1.2 billion "uptier" debt exchange, which allowed a group of lenders to move into a more favorable position while leaving other creditors behind. The excluded lenders alleged that the transaction was structured to benefit select creditors at their expense, the report states. The ruling adds to growing legal scrutiny of debt transactions designed to favor certain lender groups during financial distress. The Serta case has become a key example in disputes over whether companies can use liability management exercises to reshape creditor rights, according to Bloomberg. About Serta Simmons Bedding Serta Simmons Bedding, together with its non-debtor affiliates, are manufacturers and marketers of bedding products in North America, operating various bedding manufacturing facilities across the United States and Canada. Serta Simmons Bedding, LLC, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 23-90020) on Jan. 23, 2023. The petitions were signed by John Linker, chief financial officer, treasurer and assistant secretary. At the time of filing, the Debtors estimated $1 billion to $10 billion in both assets and liabilities. During the Chapter 11 process, Weil, Gotshal & Manges LLP served as SSB's legal counsel, Evercore Group L.L.C. served as SSB's investment banker and FTI Consulting, Inc., served as SSB's financial and restructuring advisor. Epiq Corporate Restructuring, LLC, is the claims and noticing agent. Gibson, Dunn & Crutcher LLP served as legal counsel, and Centerview Partners served as financial advisor and investment banker, to an ad hoc group of SSB's priority lenders. SERTA SIMMONS: Oaktree, BlackRock Settle Uptier Lender Suit ----------------------------------------------------------- James Nani of Bloomberg Law reports that a group of major investment firms has reached confidential settlements resolving claims arising from Serta Simmons Bedding LLC's 2020 debt restructuring, clearing several lenders from a lawsuit over the controversial transaction. The resolved parties include funds managed by BlackRock Inc., Oaktree Capital Management LP, and Marble Point Loan Financing Ltd. The litigation centered on Serta's $1.2 billion debt exchange, which was completed with a group of participating lenders while other creditors were excluded. Opposing lenders, including those tied to Apollo Global Management, argued that the deal unfairly favored certain creditors and reduced the recovery rights of lenders who did not participate, the report cites. Judge Christopher Lopez of the U.S. Bankruptcy Court for the Southern District of Texas approved the dismissals in a July 2 order following the confidential agreements. The ruling removes several major financial institutions from the case but does not end the larger fight over the restructuring transaction, according to report. The Serta dispute remains part of a broader wave of litigation involving so-called liability management transactions, where companies restructure debt with selected creditors. Remaining lenders continue to challenge whether Serta’s 2020 deal violated creditor rights, the report relays. About Serta Simmons Bedding Serta Simmons Bedding, together with its non-debtor affiliates, are manufacturers and marketers of bedding products in North America, operating various bedding manufacturing facilities across the United States and Canada. Serta Simmons Bedding, LLC, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 23-90020) on Jan. 23, 2023. The petitions were signed by John Linker, chief financial officer, treasurer and assistant secretary. At the time of filing, the Debtors estimated $1 billion to $10 billion in both assets and liabilities. During the Chapter 11 process, Weil, Gotshal & Manges LLP served as SSB's legal counsel, Evercore Group L.L.C. served as SSB's investment banker and FTI Consulting, Inc., served as SSB's financial and restructuring advisor. Epiq Corporate Restructuring, LLC, is the claims and noticing agent. Gibson, Dunn & Crutcher LLP served as legal counsel, and Centerview Partners served as financial advisor and investment banker, to an ad hoc group of SSB's priority lenders. SERVIN PLUMBING: Mark Dennis of SL Biggs Named Subchapter V Trustee ------------------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Mark Dennis, a certified public accountant at SL Biggs, as Subchapter V trustee for Servin Plumbing Services, LLC. Mr. Dennis will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Dennis declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark D. Dennis, CPA SL Biggs, A Division of SingerLewak, LLP 2000 S. Colorado Blvd., Tower 2, Ste. 200 Denver, CO 80222 Phone: 303-226-5471 Email: mdennis@slbiggs.com About Servin Plumbing Services LLC Servin Plumbing Services, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-13991) on June 3, 2026, listing $100,001 to $500,000 in assets and $100,001 to $500,000 in liabilities. Judge Thomas B Mcnamara presides over the case. Keri L. Riley, Esq., at Kutner Brinen Dickey Riley, P.C. serves as the Debtor's legal counsel. SHELTERING ARMS: Hires Cipriani & Warner as Cybersecurity Counsel ----------------------------------------------------------------- Sheltering Arms Children and Family Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Cipriani & Warner, P.C. as special cybersecurity counsel. Cipriani will be expected to assist, advise and represent the Debtor in connection with matters related to responding to, addressing, and mitigating the effects of the cyber incident, performing necessary legal analysis, as well as providing necessary legal advice and assistance related to the Incident and response thereto. The firm will be paid at these rates: Julie Siebert-Johnson, Partner $350 per hour Morgan Valeo, Associate $325 per hour Logan Thigpen, Associate $325 per hour Cipriani & Warner is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy, according to court filings. The firm can be reached through: Julie Siebert-Johnson, Esq. Cipriani & Warner, P.C. Three Valley Square, Suite 305512 E. Township Line Road Blue Bell, PA 19422 Telephone: (215) 287-1143 About Sheltering Arms Children and Family Services, Inc. Founded approximately 200 years ago, Sheltering Arms (formerly Episcopal Social Services of New York, Inc.), maintained a mission to foster a society where every child and family it served was given the opportunity to succeed and thrive. Sheltering Arms Children and Family Services, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-41037) on March 7, 2024, listing $10 million to $50 million in both assets and liabilities. The Debtor tapped Adam T. Berkowitz, Esq., and Michael Goldberg, Esq., at Garfunkel Wild, PC as counsel and PKF O'Connor Davies as accountant. SHELTERING ARMS: Taps Spencer Fane LLP as Real Estate Counsel ------------------------------------------------------------- Sheltering Arms Children and Family Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Spencer Fane LLP as special real estate counsel. By Order dated May 16, 2024, the Debtor retained Golenbock Eiseman Assor Bell & Peskoe LLP as special real estate counsel in this Chapter 11 Case. February 2, 2026, Golenbock combined with Spencer Fane, and, thus, the attorneys previously engaged by the Debtor as special real estate counsel are now employed by SF. Accordingly, the Application seeks to retain the same counsel previously engaged by the Debtors, who are now employed at SF as a result of the merger. SF will be expected to continue to assist, advise and represent the Debtor in connection with the limited matters related to the disposition of its remaining owned real property and the resolution of certain matters ancillary to the prepetition disposition of the Debtor's real property portfolio, and to perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection therewith. The rates to be charged by professionals from the Firm, who will provide services to the Debtor range from $430 to $920 per hour and its rates for paraprofessionals range from $225 to $325 per hour, subject to the continuing 25 percent discount previously offered to the Debtor by Golenbock, which discount will continue to be offered to the Debtor by SF. David M. Rubin, Esq., a partner at Spencer Fane LLP, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: David M. Rubin, Esq. Spencer Fane LLP 711 Third Avenue New York, NY 10017 Phone: (212) 907-7371 About Sheltering Arms Children and Family Services, Inc. Founded approximately 200 years ago, Sheltering Arms (formerly Episcopal Social Services of New York, Inc.), maintained a mission to foster a society where every child and family it served was given the opportunity to succeed and thrive. Sheltering Arms Children and Family Services, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-41037) on March 7, 2024, listing $10 million to $50 million in both assets and liabilities. Judge Jil Mazer-Marino presides over the case. The Debtor tapped Adam T. Berkowitz, Esq., and Michael Goldberg, Esq., at Garfunkel Wild, PC as counsel and PKF O'Connor Davies as accountant. SILVER STAR: Seeks to Hire DeMarco Mitchell as Counsel ------------------------------------------------------ Silver Star Virginia Parkway LLC, through joint debtor Cooper Street SPE LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire DeMarco Mitchell, PLLC to serve as counsel. The firm will provide the following services: (a) take all necessary action to protect and preserve the Estate, including the prosecution of actions on its behalf, the defense of any actions commenced against it, negotiations concerning all litigation in which it is involved, and objecting to claims; (b) prepare all necessary motions, applications, answers, orders, reports, and papers in connection with the administration of the estate; (c) formulate, negotiate, and propose a plan of reorganization; and (d) perform all other necessary legal services in connection with these proceedings. The firm will be compensated on an hourly basis for actual and necessary services rendered, together with reimbursement of actual and necessary expenses. Current hourly rates are $500 for Robert T. DeMarco, $300 for Michael S. Mitchell, and $125 for paralegal Barbara Drake. DeMarco Mitchell, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert T. DeMarco, Esq. Michael S. Mitchell, Esq. DEMARCO MITCHELL, PLLC 12770 Coit Road, Suite 850 Dallas, TX 75251 Telephone: (972) 991-5591 Facsimile: (972) 346-6791 E-mail: robert@demarcomitchell.com mike@demarcomitchell.com About Silver Star Virginia Parkway LLC Silver Star Virginia Parkway LLC, doing business as Silver Star Storage, is a real estate company that owns and operates a self-storage facility in McKinney, Texas, as its sole asset. Silver Star Virginia Parkway LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-42315) on May 28, 2026, listing $7,650,856 in assets and $5,982,406 in liabilities. The petition was signed by David T. Wheeler as president of Silver Star Property Management, Manager of the Debtor. Judge Mark X Mullin presides over the case. Robert T DeMarco, Esq. at DEMARCO MITCHELL, PLLC serves as the Debtor's counsel. SIMAD HOLDINGS: Ch. 11 Loan Approval Faces Opposition from Lender ----------------------------------------------------------------- Alex Wolf of Bloomberg Law reports that a private lender is asking a New Jersey bankruptcy judge to postpone final approval of SIMAD Holdings Ltd.'s $60 million Chapter 11 financing package, arguing that unsecured creditors should first have a formal committee to examine the deal. Metropolitan Partners Group LLC said the proposed loan terms could harm creditors who do not hold secured claims. In court papers filed Monday, July 6, 2026, Metropolitan Partners objected to SIMAD's financing arrangement with its senior bondholders, claiming certain provisions could benefit existing lenders at the expense of unsecured creditors. The lender urged the court to wait until an unsecured creditors' committee is formed to review the terms and potential consequences. Metropolitan Partners is among SIMAD's largest unsecured creditors and is seeking repayment of approximately $25 million in term loan debt. The firm argued that unsecured creditors require additional protections and oversight before the court authorizes the financing on a final basis, the report relays. The proposed bankruptcy loan is designed to provide SIMAD with operating liquidity while it reorganizes under Chapter 11. However, the objection adds another challenge to the summer camp operator's restructuring efforts as creditors continue to debate the treatment of competing claims, according to Bloomberg. 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. SINTX TECHNOLOGIES: Executes Letter Agreement With MedTech Ceramics ------------------------------------------------------------------- Sintx Technologies, Inc. announced in a regulatory filing that the Company and MedTech Ceramics, LP finalized execution of a letter agreement providing for the disposition of 507,254 shares of Common Stock held in abeyance following the Company's September 2025 warrant inducement transaction, and to cancel and replace an existing warrant held by the Holder. The Company and the Holder agreed that: (i) the Company will promptly issue to the Holder 255,267 shares of Common Stock from abeyance for no additional consideration, as the applicable consideration was previously paid; (ii) the remaining 251,987 abeyance shares will be replaced by a pre-funded common stock purchase warrant covering the same number of shares, also for no additional consideration; and (iii) the Holder's existing September 2025 warrant to purchase 760,881 shares will be cancelled and replaced with a new common stock purchase warrant to purchase 1,268,135 shares at $2.14 per share. The Company has agreed to file a resale registration statement covering the shares issuable upon exercise of the New Warrant within 45 days. The Company entered into the Letter Agreement as part of its ongoing efforts to manage its capital structure and address the balance sheet treatment of the Released Shares. The Company expects that the transactions contemplated by the Letter Agreement may support its efforts to improve its stockholders' equity position, although the Company's stockholders' equity will continue to depend on its overall financial condition and results of operations. The Pre-Funded Warrant has no fixed expiration date and remains outstanding until exercised in full. The exercise price was pre-funded in full in connection with the September 2025 warrant inducement transaction, so no additional cash consideration is required upon exercise. The Pre-Funded Warrant is exercisable via a cashless mechanism and is subject to a 9.99% beneficial ownership limitation. Standard adjustment provisions apply for stock splits, dividends, and fundamental transactions. The New Warrant expires five years from the date of issuance. The New Warrant is exercisable for cash or, if no effective registration statement is available after 90 days, by cashless exercise, and is subject to a 9.99% beneficial ownership limitation. The exercise price is subject to full-ratchet downward adjustment in any dilutive equity financing, subject to stockholder approval to the extent required by Nasdaq Listing Rule 5635(d). Standard anti-dilution and fundamental transaction provisions also apply. The issuances are intended to be exempt from registration under the Securities Act of 1933 pursuant to Section 4(a)(2) and/or Regulation D. Full text copies of the Letter Agreement, Pre-Funded Warrant, and New Warrant are available at https://tinyurl.com/3dvu78w3, https://tinyurl.com/3e97jvhk, and https://tinyurl.com/23h4xad3, respectively. 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. SMART COUNSELING: Has Deal on Cash Collateral Access ---------------------------------------------------- Smart Counseling and Mental Health Center Licensed Professional Clinical Counselor, Inc. and CDC Small Business Finance advise the U.S. Bankruptcy Court for the Central District of California, Riverside Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. Prepetition, on December 19, 2024, the Debtor executed a U.S. Small Business Administration promissory note in favor of CDC for an initial principal sum of $300,000, which was subsequently adjusted down to $255,000 after CDC canceled $45,000 in undisbursed proceeds. As of the petition date, the outstanding balance on this SBA loan stood at approximately $236,130, with the standard terms requiring monthly principal and interest payments of $3,333. To secure this debt, the Debtor had granted CDC a sweeping security interest under a Commercial Security Agreement covering all tangible and intangible personal property—including inventory, equipment, accounts receivable, deposit accounts, general intangibles, and trade fixtures—which CDC fully perfected by filing a UCC-1 financing statement on December 11, 2024. Under the terms of the new postpetition stipulation, CDC formally consents to the Debtor's use of its cash collateral through and including January 29, 2027. This cash must be strictly utilized to pay ordinary and necessary postpetition business operating expenses according to an agreed-upon corporate budget. To maintain strict financial controls, the Debtor is prohibited from exceeding any individual budgeted line item by more than 15% without obtaining CDC's prior written consent, and no cash collateral can be used to pay company insiders unless all statutory bankruptcy and local rule requirements are fully satisfied. As a primary component of the adequate protection package designed to protect CDC against any postpetition diminution in the value of its collateral, the Debtor is required to remit monthly cash payments of $3,333 directly to CDC's San Diego office, commencing retroactively on June 1, 2026. Furthermore, the stipulation grants CDC a valid, automatically perfected postpetition replacement lien on all of the Debtor’s postpetition assets and revenues. This replacement lien is effective as of the petition date but is strictly limited to the actual amount of any postpetition diminution in the value of CDC's cash collateral; it explicitly excludes any chapter 5 bankruptcy avoidance claims or recovery actions. To further safeguard the lender, the court order approving this stipulation will double as a valid security agreement under the Uniform Commercial Code, granting CDC superpriority administrative expense claims under Sections 503(b), 507(a)(2), and 507(b) of the Bankruptcy Code for any uncompensated collateral depreciation. The agreement outlines strict guidelines regarding default, reporting, and termination events. The Debtor must timely file all required U.S. Trustee monthly operating reports to maintain transparency. If the Debtor breaches any provision of the stipulation, CDC must provide written notice of the default via certified mail to the Debtor’s counsel. The Debtor is then afforded a 15-calendar-day window to fully cure the default. If it fails to do so, CDC's consent to the use of cash collateral automatically terminates without further court order, forcing the Debtor to immediately sequester and account for all cash flow. To cover the lender's administrative costs, the Debtor must pay a $100 fee for every default letter issued. Authority to use cash collateral will immediately expire upon the earliest of several specific termination events, including reaching the January 29, 2027 deadline, a material uncured default, the conversion of the case to a Chapter 7 liquidation, the appointment of a Chapter 11 trustee, the dismissal of the bankruptcy case, or the effective date of a confirmed Chapter 11 plan of reorganization. A copy of the motion is available at https://urlcurt.com/u?l=yBsphy from PacerMonitor.com. About Smart Counseling and Mental Health Center Smart Counseling and Mental Health Center Licensed Professional Clinical Counselor, Inc. provides outpatient therapy services to individuals, couples, and families, with a focus on the veteran community. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-13810) on May 13, 2026. In the petition signed by Lean Smart, chief executive officer, the Debtor disclosed up to $50,000 in assets and up to $1 million in liabilities. Judge Scott H. Yun oversees the case. Larry D. Simons, Esq., at Janus Law represents the Debtor as counsel. CDC Small Business Finance, as lender, is represented by David McAllister, Esq. at Aldridge Pite, LLP. SOLON CORPORATION: Seeks to Extend Plan Exclusivity to Sept. 8 -------------------------------------------------------------- Solon Corporation asked the U.S. Bankruptcy Court for the District of Arizona to extend its exclusivity periods to file a plan of reorganization to Sept. 8, 2026. This Motion is the first time the Debtor has sought to extend the Exclusivity Period. The Debtor explains that it is not aware of any party-in-interest that that may seek to propose a plan and thus might conceivably be prejudiced by the extension sought herein. Upon information and belief, there are no parties that would be adversely affected by the extension requested herein. The Debtor seeks this extension to enable it to continue work with its creditors, a process that is ongoing, and would be interrupted, if not made impossible, if a plan is proposed by someone other than the Debtor at this time. The Debtor, being in the best position to propose a viable plan of reorganization, should be given sufficient time to formulate and propose such a plan. The Debtor asserts that it is not using the extension process as a way to obtain leverage against its creditors and is not seeking to extend the Exclusivity Periods to pressure any creditors into accepting a plan of reorganization. The Debtor is still in the process of determining the specifics of the Plan and additional time is needed to allow for an informed dialogue about and analysis of the Debtor's future economic prospects. The Debtor further asserts that extending the Exclusivity Periods and allowing the Debtor to propose a plan without the deterioration and disruption to the Debtor's business operations that might be caused by the filing of competing plans by non-debtor parties will facilitate moving this Case towards a fair and equitable resolution of the case. Cause exists to extend the Exclusive Filing Period sought herein and the Motion should be granted. Solon Corporation is represented by: Michael W. Carmel, Esq. Michael W. Carmel, Ltd. 80 East Columbus Avenue Phoenix, AZ 85012-2334 Tel: (602) 264-4965 Fax: (602) 277-0144 E-mail: Michael@mcarmellaw.com About Solon Corporation Solon Corporation provides turnkey commercial and utility-scale solar photovoltaic systems, battery energy storage, and microgrid solutions in the Southwest United States. The company handles development, design, engineering, construction, financing, and ongoing operations and maintenance for municipalities, school districts, universities, commercial customers, and utilities. Solon Corporation in Tucson AZ, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D. Ariz. Case No. 26-02842) on March 25, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Brian Seibel as president, signed the petition. Judge Scott H. Gan oversees the case. MICHAEL W. CARMEL, LTD., is serving as the Debtor's legal counsel. SOLSTICE ADVANCED: S&P Places 'BB+' ICR on CreditWatch Negative --------------------------------------------------------------- S&P Global Ratings placed its ratings, including its 'BB+' issuer credit ratings, on refrigerants and specialty materials company Solstice Advanced Materials Inc. (Solstice) and Element Solutions Inc. (ESI) on CreditWatch with negative implications. S&P plans to resolve the CreditWatch placements closer to the deal's anticipated closing in the first half of 2027. Solstice has entered into a definitive agreement to acquire electronics-focused specialty chemicals company ESI. S&P said, "The CreditWatch placements reflect that we will affirm or lower our ratings. We expect the acquisition to close in the first half of 2027. Solstice and ESI are both rated 'BB+' currently, but it is too soon to ascertain a definitive outcome on the long-term rating because we need to further evaluate whether the potential deterioration in Solstice's financial risk profile will be temporary or sustained. "We will also consider issues related to the pro forma company's business mix, demand trends, the likelihood and pace of synergy capture, financial policies, and integration risks. Management has reiterated a target net debt to EBITDA ratio of 2.0x-3.0x and specifically indicated its intent to maintain strong sub-investment-grade ratings, but there is still a sizable cash component to the roughly $14.5 billion acquisition price (includes the assumption of net debt). We expect Solstice's weighted-average debt leverage (calculated as of year-end 2027 and 2028) will rise to well north of 3.0x compared with only 1.3x as of March 31, 2026." Management seeks to ease leverage back to a more amenable level of 3.0x within 18 months of closing. This assumes it follows conservative financial policies and foregoes large share repurchases (aside from those offsetting dilution) during this period. With more details, S&P will evaluate the pro forma credit profile closer to close. Credit measures will weaken at the outset but may improve. The company has $4.7 billion of committed bridge financing for the transaction, which it plans to replace with permanent debt financing. It will use the new debt proceeds and existing cash to refinance all of ESI's outstanding debt and pay for the deal's cash consideration. Pro forma for the first 12 months of operations, Solstice's S&P Global Ratings-adjusted debt to EBITDA could rise to well north of 3.0x, with funds from operations (FFO) to debt dipping to below 20%. Assuming the company achieves $180 million of net synergies by the end of 2029, adjusted leverage would improve to below 3.0x, with FFO to debt rising to near 25% (with modest organic sales growth and solid margin expansion) before the end of that year. Integrating a large acquisition such as this can be subject to risks. Solstice only relatively recently completed its separation from Honeywell International Inc. on Oct. 30, 2025, and it has little track record as a stand-alone entity; while it retains some core operating philosophies from its former parent, it does not yet have a track record of integrating large acquisitions in a smooth manner. The acquisition will expose Solstice to high-growth markets. S&P expects the combined company generated close to $6.8 billion of revenue and $1.8 billion of S&P Global Ratings-adjusted EBITDA on a pro forma basis as of March 31, 2026. This is an increase of roughly 39% and 43% over Solstice's last-12-month revenue and EBITDA, respectively, as a stand-alone company as of the end of the first quarter. Solstice's acquisition of ESI will give the company more exposure to the higher-growth electronics end market, which comprises 73% of ESI's revenue across assembly solutions, circuitry solutions, semiconductor solutions, and Micromax (which ESI acquired from Celanese Corp. in February of this year). ESI also generates 27% of its sales from specialty products in industrial and energy end markets along with the EFC Gases and Advanced Materials it acquired in January of this year. The ESI acquisition will dilute Solstice's margins, and the target company will have high selling, general, and administrative costs. ESI's stand-alone margins are roughly 5% lower than Solstice's, but they are still very solid for a specialty chemicals company and provide a pathway to higher-growth opportunities associated with data center build outs, semiconductor materials for chip fabrication, advanced packaging, and thermal management. Management expects its company-adjusted EBITDA compound annual growth rate to increase to the high-single to low-double-digit percent area from the mid-single-digit percent area as a result of this combination, along with a 5% rise in cash conversion. The use of equity to fund most of the deal is a modest credit positive. Per the terms of the agreement, ESI shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each share of ESI common stock. This represents implied consideration of approximately $50.10 per Element share, which is a roughly 15% premium over Element's closing price on July 2, 2026. Upon closing, Element shareholders are expected to own approximately 44% of the combined company. Roughly 80% of the transaction price is being paid in the form of stock, which indicates management's willingness to maintain a manageable capital structure. However, Solstice's financial risk profile could nonetheless degrade from its prior position, which had been strong for the ratings. S&P said, "We plan to resolve the CreditWatch placements closer to the time of the anticipated deal closing 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 Solstice's financial policies. We could affirm our ratings, or lower the rating modestly. We believe a downside move would be limited to one notch." SOUTHERN POINTE: Lender Seeks to Prohibit Cash Collateral Access ---------------------------------------------------------------- Vanderbilt Mortgage and Finance, Inc. ask the U.S. Bankruptcy Court for the Western District of Louisiana, Lake Charles Division, to prohibit Southern Pointe Land, LLC from using cash collateral. VMF holds a perfected, first-priority security interest in a 181-site manufactured home community located at 500 S. Martin Luther King Highway in Lake Charles, known as Southern Pointe, MHC. This security interest was established through an August 30, 2018 loan package originally totaling $8.9 million and secured by the SP Land Mortgage, which explicitly pledges all present and future rents and revenues as cash collateral. The Debtor defaulted on the loan after failing to repay the balance by the extended maturity date of July 10, 2024, and a subsequent conditional forbearance agreement expired on June 10, 2025. As of January 31, 2026, the outstanding debt totaled $8.7 million, with interest accumulating at a contract per diem rate of $2,600. Prior to the bankruptcy filing, a federal district court appointed M. Shapiro Management Company, LLC as Receiver over the property due to the ongoing default. VMF alleges that the Debtor, its principal William Rodwell, and Chief Accountant Marsha Huey systematically ignored the receivership order by refusing to turn over funds, withholding accounting records, and diverting tenant rents through a non-debtor affiliate, Southern Choice Properties, LLC. To evade a scheduled federal contempt hearing regarding this non-compliance, the Debtor filed for Chapter 11 bankruptcy on June 18, 2026, immediately demanding that the Receiver turn over the property. VMF argues that under 11 U.S.C. section 363, the lot rents remain cash collateral, and the Debtor is strictly prohibited from using them without VMF's consent or court authorization. VMF asserts its secured interest is being depleted in real time by the Debtor’s ongoing diversion of rents and refusal to provide complete financial records. VMF requests that the Court enter an order completely prohibiting the Debtor and its affiliates from using, collecting, or disposing of any rental income. Alternatively, if the Court permits the use of cash collateral, VMF demands strict adequate protection conditions, which include requiring the Debtor to make monthly cash payments equal to the accruing contractual interest, immediately segregating all property revenues into a dedicated debtor-in-possession bank account, and submitting certified monthly financial reports and bank reconciliations. Furthermore, VMF demands that the Debtor produce all historical books, leases, and bank statements withheld since the February 19, 2026 receivership order within ten days, and that the Court explicitly bar Southern Choice Properties, LLC or any other Rodwell-affiliated entity from collecting any future tenant rents. A court hearing is set for July 14. A copy of the motion is available at https://urlcurt.com/u?l=DLHW60 from PacerMonitor.com. About Southern Pointe Land, LLC Southern Pointe Land, LLC is a real estate company focused on land holdings and property development projects. The filing did not provide extensive details regarding the company's business operations. The company filed for protection under Chapter 11 of the Bankruptcy Code (Case No. 26-20306) on June 18, 2026. The petition lists estimated assets between $10 million and $50 million and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge John W. Kolwe handles the case. The Debtor is represented by Barbara B. Parsons, Esq. and William E. Steffes, Esq. of The Steffes Firm, LLC. Vanderbilt Mortgage and Finance, Inc., as lender, is represented by: Bradley L. Drell, Esq. Conner L. Dillon, Esq. GOLD, WEEMS, BRUSER, SUES & RUNDELL P.O. Box 6118 Alexandria, LA 71307-6118 Phone: (318) 445-6471 Fax: (318) 445-6476 cdillon@goldweems.com SPOKANE INDUSTRIES: Wins Cash Collateral Extension, $500K DIP Loan ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of Washington entered an agreed order authorizing Spokane Industries, LLC to continue using cash collateral and approving an additional post-petition financing facility. The order authorized the Debtor to continue using cash collateral for the expenditures identified in the extended budget, subject to the same terms and conditions contained in the previously entered final cash collateral order. The termination date for the Debtor's authority to use cash collateral was extended from June 30 to July 14, with the possibility of a further extension through September 27 upon agreement between the Debtor and Pathward N.A. and approval by the court. The order also provides that Pathward may not terminate the Debtor's cash collateral authority before July 14 based on an asserted default under a specified provision of the prior order. In addition, the court approved a third DIP loan allowing the Debtor to borrow up to $500,000 from Patrick Turner under the terms outlined in the motion. Before using any loan proceeds, the Debtor must provide the official unsecured creditors' committee, through its counsel, with 48 hours' notice. The loan obligation will be treated as an allowed administrative expense claim under the Bankruptcy Code but will remain subordinate to other administrative priority claims under section 507(a)(2). The order further provides that the third DIP loan will not affect Mr. Turner's pre-petition claims against the Debtor or any obligations arising under the Second DIP Loan. The order is binding on all parties in interest, including any trustee or examiner appointed in the Chapter 11 case or a subsequent Chapter 7 case, and the bankruptcy court retained jurisdiction over all matters relating to the implementation, interpretation, and enforcement of the order. About Spokane Industries LLC Spokane Industries, LLC operates a foundry in Spokane Valley, Washington, producing castings for the mining industry and employing more than 100 steel workers while selling products to customers worldwide. Spokane Industries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wash. Case No. 26-00116) on January 23, 2026, with $9,872,078 in assets and $19,854,752 in liabilities. The petition was signed by Patrick Turner as managing member. Judge Frederick P. Corbit oversees the case. The Debtor is represented by Thomas A. Buford, Esq., at Bush Kornfeld, LLP. Jonas Anderson, Acting U.S. Trustee for Region 18, appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Schwabe, Williamson & Wyatt, P.C. is the committee's legal counsel. STRYKER DEALERSHIP: Case Summary & 17 Unsecured Creditors --------------------------------------------------------- Debtor: Stryker Dealership Group, LLC 4971 AL Highway 21 N. Piedmont, AL 36272 Business Description: Stryker Dealership Group is a trailer dealership with listed locations in multiple U.S. states, including Florida, Arizona, Texas, Missouri, Ohio, Michigan, and Alabama. The company sells trailers through its inventory, including dump, deckover, enclosed, equipment, horse, livestock, semi, utility, roll-off, and car-hauler trailer categories. The company also provides financing and pre-approval options, rent-to- own options, delivery quotes, customer service, technical support, warranty claims support, and related request handling. Chapter 11 Petition Date: July 6, 2026 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 26-40779 Judge: Hon. James J Robinson Debtor's Counsel: Frederick M. Garfield, Esq. SPAIN & GILLON, LLC 505 North 20th Street, Suite 1200 The Financial Center Birmingham, AL 35203 Tel: (205) 328-4100 Fax: (205) 324-8866 E-mail: fgarfield@spain-gillon.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $10 million to $50 million The petition was signed by Jeffrey Stuart Compton as owner. A copy of the Debtor's list of its 17 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3K53HSQ/Stryker_Dealership_Group_LLC__alnbke-26-40779__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3MPNO7A/Stryker_Dealership_Group_LLC__alnbke-26-40779__0001.0.pdf?mcid=tGE4TAMA STUDIO CHIQUE: Unsecureds to Recover 3.28% over 36 Months --------------------------------------------------------- Studio Chique A Full Service Salon, LLC filed with the U.S. Bankruptcy Court for the District of Columbia a Subchapter V Plan dated June 29, 2026. The Debtor operates a full-service hair salon and wellness business located at 2308 Rhode Island Avenue., N.E., Washington, D.C. 20018. The Debtor provides hair cutting, coloring, styling, and braiding services, together with esthetic and wellness treatments utilizing specialized equipment. The Debtor's revenue is generated primarily from salon and wellness services paid at the time of service, together with retail product sales. The sole member of the business is Ngina L. Thomas who is an officer in the business. Ngina L. Thomas will continue to manage the business and provide salon services. Ngina L. Thomas receives a monthly salary of $10,000.00. The debtor does not anticipate a salary increase during the term of the plan. Prior to the Petition Date, the Debtor financed the acquisition of substantial salon and wellness equipment through multiple equipment finance agreements and obtained working-capital financing from several lenders, including a merchant cash advance and an Economic Injury Disaster Loan from the SBA. The aggregate monthly debt service on these obligations, combined with escalating operating costs, exceeded the Debtor's available cash flow and rendered continued operations unsustainable outside of bankruptcy. The Debtor filed this Subchapter V case to restructure its secured debt to the value of its collateral, address its unsecured obligations, and preserve the going-concern value of the business. Class 7 consists of General Unsecured Creditors. After payment of classes 1-6, Pro-rata distribution from projected disposable income. Includes scheduled unsecured creditors and claims including Channel Partners (POC 10), The Fundworks (POC 9), Pipe Technologies, Geneo United, all Section 506(a) deficiency balances (incl. SBA), and any Click Lease rejection damages. Class 7 shall receive distribution based on disposable income and projections. Actual distribution s will vary and will be based on total claims allowed. The allowed unsecured claims total $1,979,074.40. This Class will receive a distribution of 3.28% of their allowed claims. This Class is impaired. The revenue to fund the plan will come from the operation of the Salon Practice. The Debtor anticipates that business income may fluctuate from month to month due to seasonal changes, consumer spending patterns, staffing needs, and other factors common in the salon, spa, beauty, and wellness industry. Prior to the epidemic many of the practice patients worked downtown which made the practice conveniently located. However, many of the practice patients are still working from home and have not returned to work, which means they are not coming in for appointments. As the city and business move to fully reopen, the Debtor expects that patient numbers will continue to increase. A full-text copy of the Subchapter V Plan dated June 29, 2026 is available at https://urlcurt.com/u?l=TZETn4 from PacerMonitor.com at no charge. Counsel to the Debtor: Frank Morris II, Esq. MORRIS MARGULIES, LLC 8201 Corporate Drive, Suite 260 Hyattsville, MD 20785 Telephone: (301) 731-1000 Facsimile: (301) 731-1206 E-mail: frankmorrislaw@yahoo.com About Studio Chique Studio Chique A Full Service Salon, LLC, doing business as Studio Chique Luxury Salon & Wellness Spa, operates a beauty and wellness spa in Washington, DC, offering hair care, nail services, skincare, waxing, massage, body contouring and scalp treatments. Founded by Ngina Thomas, the company specializes in alopecia extension installations and corrective hair care, providing head spa services focused on scalp therapy and overall hair health. Studio Chique A Full Service Salon, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. DC Case No. 26-00154) on March 31, 2026. At the time of the filing, Debtor had estimated assets of between $500,001 to $1 million and liabilities of between $1,000,001 to $10 million. Judge Elizabeth L. Gunn oversees the case. MORRIS MARGULIES, LLC is Debtor's legal counsel. SUNATION ENERGY: Jane Street Group Holds 5.1% Equity Stake ---------------------------------------------------------- Jane Street Group, LLC, Jane Street Capital, LLC, and Jane Street Global Trading, LLC, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of June 26, 2026, they beneficially own shares of Common Stock, par value $0.05 per share, of SUNation Energy, Inc.'s Common Stock, par value $0.05 per share. Individual beneficial ownership is as follows: * Jane Street Group, LLC: 211,110 shares, representing 5.1% of the shares outstanding. * Jane Street Capital, LLC: 156,266 shares, representing 3.8% of the shares outstanding. * Jane Street Global Trading, LLC: 54,844 shares, representing 1.3% of the shares outstanding. Jane Street Capital, LLC and Jane Street Global Trading, LLC are subsidiaries of Jane Street Group, LLC. Jane Street Group, LLC, may be reached through: Jeremy Kahn Jane Street Group, LLC 250 Vesey Street 3rd Floor New York, NY 10281 Tel: 212-651-6069 A full-text copy of the SEC report is available at: https://tinyurl.com/tmu3xyrz About SUNation Energy SUNation Energy Inc., formerly known as Pineapple Energy Inc., is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Melville, N.Y.-based CBIZ CPAs P.C., the Company's auditor since 2025, issued a "going concern" qualification in its report dated March 20, 2026, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $40.12 million in total assets, $12.56 million in total current liabilities, $7.3 million in total long-term liabilities, and $20.26 million in total shareholders' equity. SUNNY LIQUOR: Hires Gleichenhaus Marchese as General Counsel ------------------------------------------------------------ Sunny Liquor, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to hire Gleichenhaus, Marchese & Weishaar PC as its general counsel. The firm will provide these services: (a) give legal advice with respect to its powers and duties in the continued operation of its business and in the management of its assets; (b) take necessary action to avoid liens against property, remove restraints against property and such other actions to remove any encumbrances of liens which are avoidable, which were placed against the property prior to the filing of the petition and at a time when the company was insolvent; (c) take necessary action to enjoin and stay until final decree any attempts by secured creditors to enforce liens upon property in which the company has substantial equity; (d) represent the company in any proceedings instituted by creditors or other parties during the course of the Chapter 11 proceeding; (e) prepare necessary petitions, answers, orders, reports, and other legal papers; and (f) perform all other legal services, or employ attorneys for such services. The firm will be paid at these hourly rates: Michael A. Weishaar, Esq. $395 Attorneys $375, and Paralegals $100. Prior to the filing, the firm received $20,000, of which $1,738 was used to pay the Court filing fee, $5,000 represented pre-petition consulting fees, and the firm held a net retainer of $15,000. Gleichenhaus, Marchese & Weishaar PC has no connection with the company, any creditor or any other party-in-interest, and the attorneys are "disinterested persons" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Michael A. Weishaar, Esq. GLEICHENHAUS, MARCHESE & WEISHAAR, PC 930 Convention Tower 43 Court Street Buffalo, NY 14202 Telephone: (716) 845-6446 About Sunny Liquor, LLC Sunny Liquor, LLC is a retail beverage company engaged in the sale of alcoholic beverages, spirits, wine, beer, and related products. The company sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10698) on June 3, 2026. In its petition, the debtor reported estimated assets ranging from $100,001 to $1,000,000 and estimated liabilities ranging from $100,001 to $1,000,000. Honorable Bankruptcy Judge Carl L. Bucki handles the case. The debtor is represented by Robert B. Gleichenhaus, Esq., of Gleichenhaus, Marchese & Weishaar, P.C. SUNRISE ABA: Seeks Subchapter V Bankruptcy in North Carolina ------------------------------------------------------------ On June 16, 2026, Sunrise ABA & Autism Services, LLC, a Greensboro, North Carolina-based provider of applied behavior analysis (ABA) therapy services, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of North Carolina. According to court filings, the debtor reports between $100,000 and $500,000 in liabilities, including $103,625 in secured debt, and between one and 49 creditors. About Sunrise ABA & Autism Services, LLC Sunrise ABA & Autism Services, LLC operated under the trade name Lovely Day ABA & Autism Services and provided applied behavior analysis therapy and clinical support services for children with autism. Before ceasing operations in May 2026, the company operated a Greensboro facility and served approximately 100 families throughout the region. Sunrise ABA & Autism Services, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10466) on June 16, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $100,000 to $500,000. The Honorable Benjamin A. Kahn handles the case. The debtor is represented by Samantha K. Brumbaugh, Esq., of Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP. Jennifer Lyday is appointed as Subchapter V Trustee. TAQUERIA Y ANTOJITOS: Section 341(a) Meeting Set for July 21 ------------------------------------------------------------ On June 18, 2026, Taqueria y Antojitos El Guanaco LLC, an Oakland Park, Florida-based family-owned full-service restaurant specializing in Salvadoran and Mexican cuisine, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $0 and $50,000 in assets, $0 and $50,000 in liabilities, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 21, 2026 at 09:30 AM at by U.S. Trustee TELECONFERENCE. To participate call 888-330-1716 passcode 5155182. About Taqueria y Antojitos El Guanaco LLC Founded in 2009, Taqueria y Antojitos El Guanaco LLC operates a restaurant in Oakland Park, Florida, serving Salvadoran and Mexican dishes. The business has served the South Florida market for more than 15 years and maintained active operations and alcohol licensing through early 2026 following the reported passing of its owner in February 2026. Taqueria y Antojitos El Guanaco LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18030) on June 18, 2026. In its petition, the debtor estimated assets of $0 to $50,000 and liabilities of $0 to $50,000. The Honorable Laurel M. Isicoff is overseeing the case. The debtor is represented by Kristopher Aungst, Esq. TEGETHOFF DEVELOPMENT: Gets OK to Use Cash Collateral Until Aug. 7 ------------------------------------------------------------------ Tegethoff Development, LLC received second interim approval from the U.S. Bankruptcy Court for the Eastern District of Missouri, Eastern Division, to use up to $2 million in cash collateral through August 7. Under the second interim order, the Debtor is authorized to use cash collateral for budgeted expenses, including expenditures related to the 8045 Big Bend, LLC and 3600 Edgewood, LLC projects. The Debtor's cash collateral consists of approximately $2.497 million in cash and cash equivalents pledged to UMB Bank and held in a restricted account. UMB Bank will be granted adequate protection through replacement liens on the Debtor's post-petition property similar to the bank's pre-petition collateral, and through a superpriority administrative expense claim. These replacement liens do not apply to Chapter 5 avoidance actions. Additional safeguards include regular financial reporting, and access to business records and operations. The order includes a broad release by the Debtor in favor of UMB Bank, subject to a 60-day challenge period during which creditors may contest the stipulated findings, lien priorities, or releases through appropriate litigation. A copy of the court's order and the Debtor's budget is available at https://short.do/ouoB0W from PacerMonitor.com. About Tegethoff Development LLC Tegethoff Development, LLC is a Midwest-based real estate development company specializing in luxury multifamily, mixed-use, hospitality, and destination developments. Founded and led by Jeff Tegethoff, the company focuses on creating large-scale lifestyle communities and long-term investment properties across Missouri and other Midwestern markets. Tegethoff Development and its affiliates, Tegethoff Development Co., LLC and Pearl Capital Management, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 26-42401) on June 1, 2026. At the time of the filing, Tegethoff Development reported assets of between $50 million and $100 million and liabilities of between $500 million and $1 billion. Robert E. Eggman, Esq., and Samuel S. Brand, Esq., at Carmody MacDonald P.C. serve as the Debtors' legal counsel. TEHUM CARE: Isaac Lefkowitz Denies Bankruptcy Fraud Allegations --------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that a director of Tehum Care Services Inc. is fighting allegations that he participated in a fraudulent bankruptcy maneuver designed to limit creditor recoveries. Isaac Lefkowitz told a Texas bankruptcy court that creditor trusts have not established valid claims against him related to the company's divisional merger transaction. Lefkowitz argued in a Monday, July 6, 2026, court filing that the Southern District of Texas Bankruptcy Court lacks jurisdiction over claims against him because he is not a bankruptcy debtor. He said the claims brought by creditor trusts improperly target a non-bankrupt individual through proceedings that should be limited to matters involving the bankruptcy estate. The creditor trusts allege that Lefkowitz and related companies used a "Texas Two-Step" restructuring to separate assets from liabilities before Tehum entered bankruptcy. The trusts claim the strategy allowed valuable assets to be protected while leaving creditors with claims against a company carrying significant obligations, the report states. Lefkowitz disputed those accusations, arguing that the restructuring did not constitute fraud and that the lawsuits improperly seek to impose liability on him. The case adds to ongoing legal scrutiny surrounding divisional merger strategies used by companies seeking to reorganize through bankruptcy, according to Bloomberg. About Tehum Care Services Tehum Care Services Inc., doing business as Corizon Health Services Inc., is a privately held prison healthcare contractor in the United States. It is based in Brentwood, Tenn. Tehum Care Services filed a petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-90086) on Feb. 13, 2023. In the petition filed by Russell A. Perry, as chief restructuring officer, the Debtor reported assets between $1 million and $10 million and liabilities between $10 million and $50 million. Judge Christopher M. Lopez oversees the case. The Debtor tapped Gray Reed & McGraw, LLP as bankruptcy counsel; Bradley Arant Boult Cummings, LLP, as special litigation counsel; and Ankura Consulting Group, LLC, as financial advisor. Russell A. Perry, senior managing director at Ankura, serves as the Debtor's chief restructuring officer. Kurtzman Carson Consultants, LLC, is the claims, noticing and solicitation agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtor's Chapter 11 case. Stinson, LLP and Dundon Advisers, LLC, serve as the committee's legal counsel and financial advisor, respectively. THORNCO HOSPITALITY: Case Summary & Three Unsecured Creditors ------------------------------------------------------------- Debtor: Thornco Hospitality, LLC Homewood 12150 Grant Thornton, CO 80241 Business Description: Thornco Hospitality is a Thornton, Colorado- based hotel ownership company associated with the Homewood Suites at 12150 Grant St. in Thornton, Colorado. Chapter 11 Petition Date: July 7, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-33059 Debtor's Counsel: Gregory Mitchell, Esq. THE MITCHELL LAW FIRM, L.P. 1100 W. Campbell Road Suite 200 Richardson TX 75080 Email: greg@mitchellps.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Rupinder Dillon as owner. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/J2ODL4Q/Thornco_Hospitality_LLC__txnbke-26-33059__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Three Unsecured Creditors: Entity Nature of Claim Claim Amount 1. State Bank of Texas Agreement $9,500,000 111 W. John Carpenter Freeway Irving, TX 75039 2. Lincoln Capital Agreement $1,100,000 16200 Addison Road Suite 220 Addison, TX 75001 3. Chadha Construction Company Services $10,500 3117 Service Road Ceres, CA 95307 TLC OPERATIONS: Court Extends Cash Collateral Access to Aug. 31 --------------------------------------------------------------- TLC Operations, LLC received fourth interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the fourth interim order, the Debtor is authorized to use cash collateral, including deposits and rents through Aug. 31, subject to the terms of an approved budget. The Debtor may expend amounts set forth in the budget with an aggregate variance of up to 10%. The Debtor is also authorized to pay any court-approved retainer request of the Subchapter V trustee. As adequate protection, Toorak Capital Partners, LLC and any other potential lien claimants will be granted replacement liens on cash collateral and post-petition property similar to its pre-bankruptcy collateral. These replacement liens will have the same priority as the pre-bankruptcy liens held by the lien claimants. The order preserves all rights of both the Debtor and the lien claimants under their existing agreements and applicable law. A continued hearing is scheduled for Aug. 26. A copy of the court's order and the Debtor's budget is available at https://tinyurl.com/3fvks8pf from PacerMonitor.com. TLC Operations owns and manages multi-unit, single family and condominium residential real properties in Chicago, Illinois. The Debtor estimates that the properties have a current market value of at least $1,675,000. Some of the properties are subject to the mortgages and other loan documents of Toorak. Toorak holds security interest in the rents received from the properties and is owed $1,243,431.40. Toorak Capital Partners is represented by: Michael Dimand, Esq. The Wirbicki Law Group LLC 33 W. Monroe St., Suite 1540 Chicago, IL 60603 Phone: 312-360-9455 Fax: 312-360-9461 mdimand@wirbickilaw.com About TLC Operations LLC TLC Operations, LLC holds multiple residential rental properties located throughout the Chicago metropolitan region. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-00760) on January 16, 2026, with up to $50,000 in assets and $1 million to $10 million in liabilities. Luster Lockhart, manager, signed the petition. Judge Timothy A. Barnes presides over the case. Gregory K. Stern, Esq., at Gregory K. Stern, P.C. represents the Debtor as legal counsel. TONOPAH SOLAR: Judge OKs Chapter 11 Wind-Down Plan -------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that a Delaware bankruptcy court on Tuesday, July 7, 2026, approved the Chapter 11 wind-down plan for Tonopah Solar Energy LLC, concluding a confirmation hearing after creditors dropped their bid to appoint a trustee to investigate the company's management. The settlement of the dispute allowed the plan to move forward without further opposition. The creditors had previously questioned management's oversight of the company and sought an independent trustee to examine potential claims. After reaching a resolution with the debtor, they withdrew the motion, clearing the path for confirmation of the liquidation plan, according to report. With court approval secured, Tonopah will proceed with winding down its business, liquidating remaining assets, resolving creditor claims, and making distributions under the terms of the confirmed Chapter 11 plan. The decision represents a significant milestone in the company's bankruptcy proceedings, the report states. About Tonopah Solar Energy Tonopah Solar Energy, LLC owns and operates a net 110-megawatt concentrated solar energy power plant located near Tonopah in Nye County, Nevada. The power plant is also known as the Crescent Dunes Solar Energy Project, which is the first utility-scale concentrated solar power plant in the United States to be fully integrated with energy storage technology. Tonopah Solar Energy sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 20-11884) on July 30, 2020. At the time of the filing, the Debtor had estimated assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million. Judge Karen B. Owens oversees the case. The Debtor tapped Young, Conaway, Stargatt & Taylor LLP and Willkie Farr & Gallagher LLP as its legal counsel, Houlihan Lokey Inc. as investment banker, and Epiq Corporate Restructuring, LLC as claims agent and administrative advisor. FTI Consulting, Inc., provides turnaround management services. 2nd Try Tonopah Solar Energy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10060) on January 21, 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 J. Kate Stickles handles the case. The Debtor is represented by Aaron S. Applebaum, Esq. of DLA PIPER LLP (US). The Debtor's investment banker is SSG ADVISORS, LLC and EPIQ CORPORATE RESTRUCTURING, LLC is its claims & noticing agent. TPI COMPOSITES: Emerges from Chapter 11 Bankruptcy w/ PE Backing ---------------------------------------------------------------- Martina Markosyan of Renewables Now reports that TPI Composites Inc. has completed its Chapter 11 restructuring and emerged from bankruptcy with its key operations now owned by private equity firm Energy Capital Partners. The company confirmed that its wind blade manufacturing plants in Iowa and Ciudad Juárez, Mexico, together with its global field services business, will continue operating as TPI. Following the restructuring, the company said it has eliminated its debt and established a stronger capital structure. The reorganized company plans to prioritize the North American wind energy market, where demand for utility-scale wind blade manufacturing continues to grow amid rising electricity consumption. TPI also intends to invest in advanced manufacturing technologies, including its BladeAssure digital quality platform, to improve production capabilities and product quality, the report states. In addition to manufacturing, TPI aims to expand its field services operations in North America and Europe by providing inspection, preventive maintenance, and structural repair services for existing wind turbine fleets. The Scottsdale, Arizona-based manufacturer entered Chapter 11 in August 2025 with financing support of up to $82.5 million from senior secured lenders led by funds managed by Oaktree Capital Management LP, according to report. About TPI Composites TPI Composites -- https://tpicomposites.com/ -- is a leading wind-blade manufacturer and the only independent wind blade manufacturer with a global footprint. On Aug. 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. Bankruptcy Judge Christopher M. Lopez handles the case. 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. Bracewell, LLP, is advising Oaktree Capital Management L.P., as DIP agent. The official committee of unsecured creditors retained Lowenstein Sandler LLP as counsel, Munsch Hardt Kopf & Harr, P.C. as co-counsel, and Berkeley Research Group, LLC as its financial advisor. TRACES OF TIGER: Seeks Subchapter V Bankruptcy in Georgia --------------------------------------------------------- On July 6, 2026, Traces of Tiger, Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $1 million and $10 million in liabilities and 1-49 creditors. A meeting of creditors under Section 341(a) to be held on August 7, 2026 at 10:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 2346407. The court has set Oct. 5, 2026, as the deadline for submission of the Chapter 11 Subchapter V plan. About Traces of Tiger, Inc. Traces of Tiger, Inc. is a Tiger, Georgia-based operator of an assisted living facility for seniors. The company operates a 24-apartment senior living community offering independent living, personal care, and memory care services. As of July 2026, the facility remains operational at its Sterrett Road location and has sought emergency court approval to continue employee payroll and maintain banking operations during its Chapter 11 restructuring. Traces of Tiger, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21072) on July 6, 2026. In its petition, the Debtor reported estimated assets between $0 and $50,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Caitlyn Powers of Rountree Leitman Klein & Geer, LLC. Tamara Miles Ogier is appointed as Subchapter V Trustee. TRICOLOR AUTO: Trustee Cleared to Retain Reid Collins in Chapter 7 ------------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that a bankruptcy judge in Texas has authorized the Chapter 7 trustee overseeing the liquidation of former subprime auto lender TriColor Auto Group to employ Reid Collins & Tsai LLP as special litigation counsel. The appointment enables the trustee to investigate potential legal claims stemming from the company's failure and alleged fraudulent conduct. According to court filings, the trustee selected Reid Collins because of the firm's experience in complex commercial disputes, fraud investigations and recovery actions. The firm will evaluate potential claims against former executives, insiders and other parties that may have contributed to losses suffered by the estate. TriColor's bankruptcy followed allegations of fraud that led to the company's downfall. The trustee's continued investigation is aimed at identifying assets and pursuing litigation that could generate additional recoveries for creditors during the Chapter 7 liquidation, the report states. About Tricolor Auto Acceptance Tricolor Auto Acceptance is an Irving, Texas-based subprime auto lender. Tricolor Auto Acceptance, together with its parent Tricolor Auto Group and other affilites sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-33497) on September 10, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Debtor is represented by Thomas Robert Califano, Esq. at Sidley Austin LLP. TURNER DEVELOPMENT: Taps Coldwell Banker as Real Estate Broker -------------------------------------------------------------- Turner Development, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ Coldwell Banker Commercial Realty as real estate broker. The firm will provide commercial real estate brokerage services for the sale of the Debtor's real property located at 1001 Old Aiken Road, North Augusta, South Carolina. The Debtor has agreed to pay to Coldwell Banker a commission of 6% of the sale price, unless the Property sells to Fuse 10 on a credit bid, in which case Coldwell Banker will receive a flat fee of $100,000. As disclosed in the court filings, Coldwell Banker is a "disinterested person" as defined in section 101(14) of the Bankruptcy Code and as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Patrick Register Coldwell Banker Commercial Realty 3440 Toringdon Way Ste 110 Charlotte, NC 28277 Phone: 704-621-0190 Email: patrick.register@cbrealty.com About Turner Development, LLC Turner Development LLC, doing business as Turner Development (TDL), is a real estate development company based in Washington, D.C. that undertakes commercial, mixed-use, residential, and rehabilitation projects in the Washington, D.C. metropolitan area and in parts of South Carolina, including developments such as Weeping Willows in North Augusta and the Old Aiken Hospital redevelopment in Aiken. Turner Development filed Chapter 11 petition (Bankr. D. D.C. Case No. 26-00077) on February 23, 2026, with between $1 million and $10 million in both assets and liabilities. Judge Elizabeth L. Gunn oversees the case. Kristen E. Burgers, Esq., at Hirschler Fleischer, PC is the Debtor's legal counsel. U.S. TELEPACIFIC: Keeps Paying Commissions While Buyer Hunting -------------------------------------------------------------- James Anderson of ChannelDive reports that TPx Communications has secured court approval to continue paying commissions to its employees, independent contractors, and approximately 130 channel partners as it moves through Chapter 11 bankruptcy proceedings. The telecommunications and managed services provider filed for bankruptcy protection on June 28 in the Southern District of Texas, seeking to restructure approximately $1.1 billion in debt, with nearly $300 million scheduled to mature this year. Court records indicate the company currently owes about $3.2 million in unpaid commissions. Company executives stressed that normal business operations will continue throughout the restructuring. Chief Restructuring Officer Steven Shenker said maintaining existing compensation programs is necessary to preserve employee and partner relationships while maximizing the company's value during the Chapter 11 process. CEO Shawn Andrews echoed that message, assuring partners that commission payments, contractual agreements, and customer support will remain unchanged while TPx completes its financial restructuring, the report relays. Although commission payments appear secure for now, industry experts believe longer-term outcomes will depend on the eventual restructuring plan. ITBroker.com CEO Max Clark said technology services distributors provide an additional layer of protection because vendors generally continue honoring agreements with larger distribution partners that generate future sales. Smaller agents with direct vendor agreements could face greater financial risks if contractual disputes arise during or after the bankruptcy process, according to report. Meanwhile, TPx intends to market its assets through a court-supervised sale process, with an auction scheduled for August following the selection of a stalking horse bidder. A successful transaction could significantly reduce the company's debt, but it may also reshape TPx's business by separating its networking operations from its managed IT, cybersecurity, and unified communications divisions. Bankruptcy filings identify numerous unsecured creditors, including telecom carriers, technology vendors, outsourcing providers, and commercial landlords, the report cites. About U.S. Telepacific Corp. U.S. Telepacific Corp., doing business as TPx Communications, is an Austin, Texas-based managed communications services provider offering managed IT, unified communications, cybersecurity, networking, internet connectivity, cloud, and voice solutions to businesses across the United States. The company primarily serves small and mid-sized enterprises through a nationwide fiber and IP network, delivering integrated technology and communications services designed to support business operations. U.S. Telepacific Corp. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. 26-90625) on June 28, 2026. In its petition, the Debtor list assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Ishani Patel, Esq. of Sidley Austin LLP. The restructuring team also includes Triple P TRS, LLC and Steven Shenker as financial advisor and chief restructuring officer, PJT Partners, Inc. as investment banker, Katten Muchin Rosenman LLP as special counsel, and Kroll Restructuring Administration LLC as claims agent. U.S. TELEPACIFIC: Plan Contemplates Two Scenarios ------------------------------------------------- U.S. TelePacific Corp. and affiliates filed with the U.S. Bankruptcy Court for the Southern District of Texas a Disclosure Statement for the Joint Chapter 11 Plan dated June 29, 2026. The Company is a national provider of managed connectivity and networking, unified communications, cybersecurity, and information technology services to business customers across the United States. The Company's business is built around four core service categories: (a) managed connectivity and networking; (b) cybersecurity solutions; (c) unified communications; and (d) managed infrastructure and IT services. Through this model, the Company delivers subscription-based services that are embedded in customers' day-to-day operations, generating recurring revenue streams across multiple service lines and supporting long-term business relationships. On December 4, 2025, the Company, with the assistance of PJT, launched the Marketing and Sale Process. Throughout the Marketing and Sale Process, PJT contacted 65 potential buyers, comprised of both strategic partners and financial sponsors, of which 33 signed non-disclosure agreements and received access to a virtual data room and reviewed due diligence. The management team, along with PJT, engaged in 26 diligence sessions and other transaction related conversations, including 9 management presentations with potential buyers. The Company, with the assistance of its Advisors, determined that the Marketing and Sale Process should be extended to further develop the potential bids and interest from potential bidders. Accordingly, the Ad Hoc Group and the Consenting Investor provided the Superpriority Term Loan Facility to fund the continuation of the Marketing and Sale Process, as well as other operational expenses. Following multiple rounds of engagement, the Company received 9 bids; however, the Company and its Advisors determined that none of such bids reflected terms that were sufficiently developed to proceed on an actionable basis at that time. The Company believes that the postpetition Marketing and Sale Process will provide the best opportunity to consummate a value-maximizing Sale Transaction for the benefit of all stakeholders, or, alternatively, if no actionable bids are received, serve as a robust market test to inform the terms of any potential pivot to a Reorganization Transaction. As described, over the past year-plus the Company and its Advisors have worked to evaluate all strategic options available and have built considerable consensus with the Ad Hoc Group and the Consenting Investor. These efforts culminated in (a) a commitment from certain of the Company's lenders to provide the DIP Facility; (b) alignment on a dual-track restructuring strategy designed to maximize value through either the Sale Transaction or the Reorganization Transaction; and (c) support from the Consenting Stakeholders for the Restructuring Transactions, the Plan, and the commencement of these Chapter 11 Cases. Such support was memorialized pursuant to a further amendment of the March 2026 Restructuring Support Agreement dated June 28, 2026 (the "Restructuring Support Agreement"). The Restructuring Support Agreement contemplates consummation of the Restructuring Transactions in accordance with the following key terms. * First, the Consenting Stakeholders support the Company's entry into the DIP Facility, that includes (a) the $20 million New Money DIP Facility and (b) the $53.5 million Roll-Up Facility, which is comprised of a roll-up of (i) $34.7 million of loans payable under the Superpriority Term Loan Facility (after accounting for the 1.75x MOIC) (the "Rolled Bridge Facility"); (ii) $13.8 million of unpaid cash interest under the First Lien Term Loan Facility (such amounts, the "Rolled PIK Bridge"); and (iii) $5 million of loans outstanding under the First Lien Term Loan Facility (such amounts in this clause (iii), the "Pari Rolled Debt"). * Second, if a Sale Transaction is consummated: -- all outstanding obligations under the DIP Facility shall be paid in full in cash; and -- all remaining cash proceeds shall be distributed in accordance with the waterfall set forth in the Plan, subject to the funding of a Wind-Down. * Third, if a Reorganization Transaction is consummated, the Debtors' capital structure would be reorganized in accordance with the following key terms, all as set forth in greater detail in the Plan: -- all outstanding obligations under the New Money DIP Facility will be converted on a dollar-for-dollar basis into obligations under a new 1L Exit Facility; -- all outstanding obligations under the Rolled Bridge Facility will either be (a) converted on a dollar-for-dollar basis into obligations under the 1L Exit Facility (if the holders thereof fund their pro rata portion of the New Money DIP Facility) or (b) paid in full in cash with proceeds derived from the Preferred Equity New Money Commitments; -- all outstanding obligations on account of the Rolled PIK Bridge will be either converted (a) on a dollar-for-dollar basis into obligations under the 1L Exit Facility or (b) into Tranche A Preferred Equity Interests (as applicable); -- all remaining obligations on account of the First Lien Term Loan Facility and Revolving Credit Facility shall either (a) be converted into equity of a reorganized Company (subject to dilution as set forth in the Plan) or (b) receive a pro rata cash payment with proceeds derived from the Preferred Equity New Money Commitments; and -- all outstanding obligations under the Second Lien Term Loan Facility will be converted into certain warrants exercisable for equity of the reorganized Company subject to the exercise limitations set forth in the Plan. In the event of the Reorganization Transaction, the resulting capital structure would substantially de-lever the Company's balance sheet by approximately $1 billion. The Debtors are committed to pursuing the Restructuring Transactions embodied in the Restructuring Support Agreement and the Plan in accordance with the dual-track strategy described herein and emerging from these Chapter 11 Cases with a deleveraged balance sheet and the financial flexibility to continue providing their customers with reliable and uninterrupted services on a go forward basis. The Debtors believe their dual-track approach maximizes value by preserving the opportunity to achieve a market-clearing transaction through a competitive and court-supervised Marketing and Sale Process, while ensuring a clear and executable path to deleveraging through the Reorganization Transaction in the absence of an executable Sale Transaction. These Restructuring Transactions will preserve and strengthen the going-concern value of the business, and maximize creditor recoveries, all while minimizing disruption to day-to-day operations. In short, the Debtors believe the Restructuring Transactions contemplated in the Restructuring Support Agreement and the Plan represent the best available path to a value-maximizing transaction for the Debtors and their estates. Class 6 consists of all General Unsecured Claims. In the event of a Reorganization Transaction, each Allowed General Unsecured Claim will be discharged and released and each Holder of such Allowed General Unsecured Claim shall not receive or retain any distribution, property, or other value on account of its Allowed General Unsecured Claim. In the event of a Sale Transaction, except to the extent that a Holder of an Allowed General Unsecured Claim and the Debtors agree to less favorable treatment for such Holder, in full and final satisfaction of such Claim, each Holder will receive its Pro Rata share of any remaining Net Sale Proceeds (including, for the avoidance of doubt, any Residual Cash) following payment in full of all Allowed DIP Claims on account of DIP Rolled-Up First Lien Principal Term Loan Advances, Allowed Pari Funded Debt Secured Claims, Allowed Second Lien Secured Claims and Allowed Third Lien Secured Claims. Class 6 is Impaired under the Plan. The Debtors, the Reorganized Debtors, the Post-Effective Debtors, or the Plan Administrator, as applicable, shall fund distributions under the Plan with (i) the Debtors' Cash on hand, (ii) in the event of a Reorganization Transaction, the 1L Exit Facility, the New Equity Interests, and the Warrants, (iii) in the event of a Sale Transaction, (x) the Gross Sale Proceeds or Net Sale Proceeds, as applicable, and (y) the Cash proceeds from the Retained Causes of Action. Each distribution and issuance referred to in Article VI of the Plan shall be governed by the terms and conditions set forth in the Plan applicable to such distribution or issuance and by the terms and conditions of the instruments or other documents evidencing or relating to such distribution or issuance, which terms and conditions shall bind each Entity receiving such distribution or issuance. In the event the Debtors, with the consent of the Ad Hoc Group, elect to not pursue any Sale Transaction and the Reorganization Transaction is to be consummated, the issuance, distribution, or authorization, as applicable, of certain securities in connection with the Plan, including the New Equity Interests, will be exempt from SEC registration to the fullest extent permitted by law. Whether through the Sale Transaction or the Reorganization Transaction, the Company's proposed dual-track structure is designed to maximize and preserve value for the benefit of the Debtors' estates and their stakeholders by subjecting the Company's assets to a robust, market-tested process while ensuring, through the committed toggle to a lender-supported recapitalization, that the Company can consummate a value maximizing transaction, de-lever its balance sheet, and continue operating as a going concern without interruption regardless of the outcome of the Marketing and Sale Process. A full-text copy of the Disclosure Statement dated June 29, 2026 is available at https://urlcurt.com/u?l=304iQW from Kroll Restructuring Administration LLC, claims agent. Proposed Counsel to the Debtors: SIDLEY AUSTIN LLP Duston K. McFaul, Esq. Chelsea McManus, Esq. 1000 Louisiana Street, Suite 5900 Houston, Texas 77002 Telephone: (713) 495-4500 Facsimile: (713) 495-7799 Email: dmcfaul@sidley.com cmcmanus@sidley.com SIDLEY AUSTIN LLP Stephen E. Hessler, Esq. Anthony R. Grossi, Esq. Weiru Fang, Esq. 787 Seventh Avenue New York, New York 10019 Telephone: (212) 839-5300 Facsimile: (212) 839-5599 Email: shessler@sidley.com agrossi@sidley.com weiru.fang@sidley.com and Jason L. Hufendick, Esq. Ryan Fink, Esq. Daniela Rakowski, Esq. One South Dearborn Chicago, Illinois 60603 Telephone: (312) 853-7000 Facsimile: (312) 853-7036 Email: jhufendick@sidley.com ryan.fink@sidley.com drakowski@sidley.com About U.S. Telepacific Corp. U.S. Telepacific Corp., doing business as TPx Communications, is an Austin, Texas-based managed communications services provider offering managed IT, unified communications, cybersecurity, networking, internet connectivity, cloud, and voice solutions to businesses across the United States. The company primarily serves small and mid-sized enterprises through a nationwide fiber and IP network, delivering integrated technology and communications services designed to support business operations. U.S. Telepacific Corp. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. 26-90625) on June 28, 2026. In its petition, the Debtor list assets of $500 million to $1 billion and liabilities of $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Ishani Patel, Esq. of Sidley Austin LLP. The restructuring team also includes Triple P TRS, LLC and Steven Shenker as financial advisor and chief restructuring officer, PJT Partners, Inc. as investment banker, Katten Muchin Rosenman LLP as special counsel, and Kroll Restructuring Administration LLC as claims agent. ULTINON MOTION: Seeks to Extend Plan Exclusivity to Sept. 22 ------------------------------------------------------------ Ultinon Motion Holding B.V. and its Affiliated Debtors asked the U.S. Bankruptcy Court for the Southern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 22 and Nov. 21, 2026, respectively. The Debtors explain that Courts may consider a variety of factors in determining whether "cause" exists to extend a debtor's exclusive period for filing a plan. First, the size and complexity of the issues in these cases warrants approval of the requested relief. The Debtors' capital structure includes over $140 million in funded debt, and the administration of these Chapter 11 Cases has required the Debtors to navigate insolvency and liquidation proceedings across multiple foreign jurisdictions while managing the demands of an international creditor base. Second, termination of the Exclusive Periods would adversely impact the Debtors' efforts to preserve the value of their estates and progress the Chapter 11 Cases as they may potentially face the prospect of a competing plan in the event that the existing Plan is not confirmed on the currently anticipated timeline. Granting the requested extensions will thus ensure that the Debtors can work towards confirmation of the Plan and establishment of the Litigation Trust for the benefit of its creditors without the distraction, cost and delay of a potential competing plan process. Third, the progress that the Debtors have made in the Chapter 11Cases, which has included obtaining conditional approval of the Disclosure Statement and obtaining a date for a hearing on confirmation of the Plan (the "Confirmation Hearing"), negotiating and filing the proposed Plan and commencing solicitation of votes with respect to same, evidences satisfaction of the third and fourth factors. Fourth, the Debtors do not seek the extension of the Exclusive Periods as a means to exert pressure on the relevant parties in interest. The Debtors seek the requested extension of the Exclusive Periods out of an abundance of caution simply to ensure the progress made to date is not upended by a potential loss of their Exclusive Periods in the event of unexpected delay. In the context of these Chapter 11 Cases, granting the requested extensions of the Exclusive Periods will not pressure the Debtors' creditor constituencies. Finally, the Debtors continue to make timely payments on their undisputed postpetition obligations and only approximately ninety days have passed since the Petition Date. Accordingly, the seventh and eighth factors weigh in favor of extending the Exclusive Periods. Proposed Attorneys for the Debtors: CLIFFORD CHANCE US LLP David Smith, Esq. 845 Texas Avenue, Suite 2700 Houston, Texas 77002 Telephone: (713) 821-2800 Facsimile: (713) 583-8322 Email: david.smith@cliffordchance.com - and - CLIFFORD CHANCE US LLP David M. Feldman, Esq. Brian J. Lohan, Esq. Matthew L. Hinker, Esq. Madelyn Nicolini, Esq. Two Manhattan West 375 9th Avenue New York, New York 10001 Telephone: (212) 878-8000 Facsimile: (212) 878-8375 Email: david.feldman@cliffordchance.com brian.lohan@cliffordchance.com matthew.hinker@cliffordchance.com madelyn.nicolini@cliffordchance.com 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, the Debtor 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 serving as the Debtor's legal counsel. UNITED FIBER: Seeks to Tap Traverse as Financial Advisor -------------------------------------------------------- United Fiber Comm., Inc. dba United Fiber seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Traverse, LLC as its financial advisor. The firm will provide the following services: (a) assisting the Debtor with restructuring planning and implementation, including cash management, liquidity monitoring, preparation and updating of debtor-in-possession budgets, development of financial procedures and protocols for operating in chapter 11, and planning and execution of cost-reduction and operational improvement initiatives; (b) assisting the Debtor in satisfying financial reporting and information requirements in this case, including supporting the preparation of schedules of assets and liabilities, statements of financial affairs, initial and monthly operating reports, budget reporting, and other financial information reasonably requested by the Court, the United States Trustee, lenders, or other key constituencies; (c) coordinating with the Debtor's management and counsel, and other retained professionals in connection with this chapter 11 case, including communications and reporting to creditors, vendors, and other parties in interest; (d) assisting the Debtor with vendor, supplier, landlord, and other trade relationships, including analyzing payment practices, critical business relationships, and operational issues affecting ongoing business performance; (e) assisting with the evaluation, development, and implementation of strategic alternatives, including formulation of a chapter 11 plan or other restructuring transaction; and (f) performing such other restructuring, financial advisory, and related consulting services as may be necessary or appropriate in connection with the chapter 11 case. Traverse, LLC requires a $15,000 retainer to commence work and will bill at these hourly rates: Albert Altro and Kieran McGarrell, Managing Directors, $675 each; Clay Harshbarger, Manager, $400; and Olivia Aryananda, Manager, $350. According to court filings, Traverse, LLC has conducted a conflicts check and does not hold or represent any interest adverse to the estate. The firm states that it is "disinterested" within the meaning of the Bankruptcy Code. The firm can be reached at: Albert Altro, CPA, CIRA Traverse, LLC Telephone: (310) 809-5064 E-mail: albertaltro@traversellc.com About United Fiber Comm. United Fiber Comm., Inc., is a telecommunications contractor in California, with offices in Goleta, Corona, and Vista. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 24-16470) on Oct. 29, 2024, with $1,663,379 in assets and $8,172,909 in liabilities. Raymond Martinez, chief executive officer, signed the petition. Judge Scott H. Yun oversees the case. The Debtor is represented by Robert P. Goe, at Goe Forsythe & Hodges, LLP. UNLIMITED DELIVERIES: Plan Exclusivity Period Extended to July 27 ----------------------------------------------------------------- Judge Katharine M. Samson of the U.S. Bankruptcy Court for the Southern District of Mississippi extended Unlimited Deliveries, LLC's exclusive periods to file a disclosure statement and plan of reorganization to July 27, 2026. As shared by Troubled Company Reporter, the Debtor explains that in preparing the disclosure statement and plan, the company and its professionals counted on the prices of fuel (which is a significant expense of the Debtor's operation) being stable, but given some cyclical fluctuations. However, when the Iran conflict took place and fuel prices spiked, that obviously had a very negative impact upon the Debtor's cash flow because of rising fuel prices. Now, with the cease-fire of hostilities sort of in place, but not formally resolved, the Debtor anticipates the prices of fuel will come down, eventually, but that may not happen for several months. Accordingly, until such time as the Debtor "wraps up" as many motions for relief from the automatic stay as possible and gets a better grip on what future fuel prices may be, it would be meaningless to file a disclosure statement and plan of reorganization at this point because of all of these uncertainties. Unlimited Deliveries, LLC is represented by: Craig M. Geno, Esq. Christopher Steiskal, Esq. Law Offices of Craig M. Geno, PLLC 601 Renaissance Way, Suite A Ridgerland, MS 39157 Telephone: (601) 427-0048 Facsimile: (601) 427-0050 E-mail: cmgeno@cmgenolaw.com csteikal@cmgenolaw.com About Unlimited Deliveries Unlimited Deliveries, LLC, doing business as MK-Trucking, is a Pass Christian, Mississippi-based freight trucking company providing specialized interstate transportation services across the United States. Unlimited Deliveries, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss., Case No. 26-50139) on Jan. 28, 2026. In its petition, the Debtor reported between $10 million and $50 million in assets and liabilities. Honorable Bankruptcy Katharine M. Samson handles the case. Craig M. Geno, Esq., at Law Offices of Geno and Steiskal, PLLC, represents the Debtor as legal counsel. UPCYCLE LLC: Seeks Subchapter V Bankruptcy in California -------------------------------------------------------- On June 16, 2026, Upcycle, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports approximately $1.31 million in liabilities, $184,750 in assets, and 1-49 creditors. A meeting of creditors under Section 341(a) to be held on July 13, 2026 at 02:30 PM at UST-LA1, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:4892201. The court set Sept. 14, 2026, as the deadline for filing the Chapter 11 Small Business Subchapter V plan, while government proofs of claim are due by Dec. 14, 2026. About Upcycle, LLC Upcycle, LLC is a Los Angeles, California-based sustainable textile manufacturing and creative upcycling company. Operating from Pacific Palisades, the company focuses on localized, environmentally conscious apparel production and, as of late 2025, collaborated with the Getty Museum on sustainability initiatives. Historically, Upcycle produced garments using proprietary yarn made from recycled plastic bottles and post-industrial cotton, with manufacturing conducted within a 25-mile radius of Los Angeles. Upcycle, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16017) on June 16, 2026. In its petition, the Debtor reported total assets of $184,750 and total liabilities of $1,311,047. The Honorable Bankruptcy Judge has not been identified in the available court records handles the case. The Debtor is represented by Michael R. Totaro, Esq., of Totaro & Shanahan, LLP. UPWARD AG: Seeks Subchapter V Bankruptcy in Nebraska ---------------------------------------------------- On June 16, 2026, Upward Ag Systems LLC, an Axtell, Nebraska-based precision agriculture technology dealership and farm supply wholesaler, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Nebraska. According to court filings, the debtor reports between $500,000 and $1 million in liabilities, including $467,519 in secured debt, and between one and 49 creditors. A meeting of creditors under Section 341(a) to be held on July 15, 2026 at 01:30 PM via PHONE. The Chapter 11 Small Business Subchapter V Plan is due by September 14, 2026, while Proofs of Claim must be filed by August 25, 2026. About Upward Ag Systems LLC Upward Ag Systems LLC operates in the precision agriculture technology and farm supply industry, providing agricultural technology solutions and wholesale farm products to customers. The company maintains its principal place of business in North Platte, Nebraska, while being organized as an agricultural technology dealership serving farming operations. Upward Ag Systems LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Neb. Case No. 26-40665) on June 16, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. The debtor is represented by James C. Bocott, Esq., of The Law Office of James C. Bocott. Donald Swanson is appointed as Subchapter V Trustee. VENETIAN CARE: Committee Taps Troutman Pepper Locke LLP as Counsel ------------------------------------------------------------------ The official committee of unsecured creditors of Venetian Care & Rehabilitation Center, LLC and its affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Troutman Pepper Locke LLP as its counsel. The firm will render these services: a. advise the Committee with respect to its rights, duties, and powers in these Chapter 11 Cases; b. assist, advise, and represent the Committee in its consultation with the Debtors relating to the administration of these cases; c. assist, advise, and represent the Committee in analyzing the Debtors' assets, liabilities, and capital structure, investigating the extent and validity of liens, if any, and participating in and reviewing any proposed asset sales, any asset dispositions, financing arrangements, and cash collateral stipulations or proceedings; d. assist, advise, and represent the Committee's investigation of the acts, conduct, assets, liabilities and financial condition of the Debtors and other parties involved with the Debtors, and the operation of the Debtors' businesses; e. assist, advise, and represent the Committee in its analysis of, and negotiations with, the Debtors or other third parties concerning, among other things, the assumption or rejection of executory contracts and unexpired leases, asset recovery or disposition, and the terms of a plan of reorganization or liquidation for the Debtors or an objection thereto; f. assist, advise, and represent the Committee in connection with any sale of the Debtors' assets; g. assist, advise, and represent the Committee in the evaluation of claims and litigation matters, including avoidance actions; h. assist, advise, and represent the Committee as to its communications, if any, to the general creditor body regarding matters in this case; and i. assist, advise, and represent the Committee at all hearings and other proceedings. Troutman Pepper's hourly rates are: Partners and Counsel $810 to $1,990 Associates $750 to $1,120 Paraprofessionals $140 to $690 Deborah Kovsky-Apap, Esq., an attorney at Troutman Pepper Locke, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Deborah Kovsky-Apap, Esq. Simon R. Mayer, Esq. Tori L. Remington, Esq. TROUTMAN PEPPER LOCKE LLP 875 Third Avenue New York, NY 10281-2101 Telephone: (212) 704-6000 Facsimile: (212) 704-6288 Email: deborah.kovsky@troutman.com simon.mayer@troutman.com tori.remington@troutman.com About Venetian Care & Rehabilitation Center The Venetian Care & Rehabilitation Center, LLC provides post-acute care, skilled nursing, and rehabilitation services in South Amboy, New Jersey. The center offers subacute care, therapy services, orthopedic rehabilitation, cardiac and pulmonary care, wound care, memory and dementia care, stroke recovery, diabetic and bariatric care, IV therapy, pain management, nutritional services, hospice and palliative care, respite care, and therapeutic recreation. It serves greater Middlesex County and supports individuals recovering from joint replacement, cardiac, pulmonary, neurological, and other acute medical conditions. The Venetian Care & Rehabilitation Center and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-14510) on April 23, 2026. In its petition, Venetian Care & Rehabilitation Center disclosed up to $10 million in both assets and liabilities. Judge Vincent F. Papalia oversees the case. The Debtors tapped Emmet, Marvin & Martin, LLP as counsel and KCP Advisory Group LLC as financial advisor. W. GATES REAL: Seeks to Hire Benchmark Realty as Real Estate Agent ------------------------------------------------------------------ W. Gates Real Estate Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Benchmark Realty as realtor. The firm will market for sale the Debtor's property located at 2731 Sanford Rd, Nolensville, TN 37135, for a total compensation rate at 6% of the sales price (3% for buyer's agent, and 3% for seller's agent). Teri Radcliff, a realtor at Benchmark Realty, assured the court that his firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Teri Radcliff Benchmark Realty 318 Seaboard Lane, Suite 115 Franklin, TN, 37067 Phone: (615) 371-1544 Email: tradcliff@realtracs.com About W. Gates Real Estate Holdings LLC W. Gates Real Estate Holdings, LLC owns a residential real estate property in Nolensville, Tennessee, at 2794 Sanford Road. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-11110) on April 29, 2026. In the petition signed by William Coffee, as managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Nicholas W. Whittenburg oversees the case. W. Thomas Bible, Jr., Esq., at TOM BIBLE LAW, represents the Debtor as legal counsel. WAIN ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Wain Enterprises, LLC Wheelers 223 John Davenport Drive NW Rome GA 30165 Business Description: Wain Enterprises, LLC, doing business as Wheelers, provides wood truss and panel products for builders and homebuilding projects. The company offers roof trusses, floor trusses, wall panels, related design services, delivery/logistics support, and framing installation packages for its roof, floor, and wall panel products. Wheelers is located in Rome, Georgia, and traces its business history to Rome Builders Supply, opened by Wheeler Manis in 1949. Chapter 11 Petition Date: July 8, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-41157 Debtor's Counsel: G. Frank Nason, IV, Esq. LAMBERTH, CIFELLI, ELLIS & NASON, P.A. 6000 Lake Forest Drive, NW, Suite 290 Atlanta GA 30328 Tel: 404-262-7373 E-mail: fnason@lcenlaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by James T. Manis as member and CEO. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PGFUWRQ/WAIN_ENTERPRISES_LLC__ganbke-26-41157__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Georgia-Pacific Financial Suppliers or Vendors $572,779 Management LLC 133 Peachtree St NE Atlanta, GA, 30303 Contact: Jimmy Coar Tel: 404-652-6822 Email: jimmy.coar@gapac.com 2. Mitek USA, Inc. Suppliers or Vendors $528,005 16023 Swingley Ridge Road Chesterfield, MO, 63017 Contact: Molly Bradshaw Tel: 314 434 1200 Email: mbradshaw@mii.com 3. Simpson Strong-Tie Co. Suppliers or Vendors $245,701 P.O. Box 100046 Atlanta, GA 4. David F. Guldenschuh, P.C. Services $175,593 C/O David Guldenschuh, Reg. Agent 512 East 1st Street Rome, GA, 30161 5. American Express Credit Card Debt $133,366 CT Corporation System 289 S. Culver Street Lawrenceville, GA, 30046 6. Garden Lakes Realty Real Property Lease $121,173 Company C/O Mark, Registered Agent 2400 Garden Lakes NW Blvd NW Rome, GA, 30165 7. Snavely Forest Products Suppliers or Vendors $99,430 - Liberty 6157 Old 421 Road Liberty, NC, 27298 8. Josh Roberts Trucking, Inc Suppliers or Vendors $99,128 C/O Josh Roberts, Registered Agent 6300 New Calhoun Hwy Rome, GA, 30161 Tel: 706-235-7795 9. Sherwood Lumber Suppliers or Vendors $98,768 C/O Andrew Goodman, CEO 225 Broadhollow Rd Suite 310W Melville, NY, 11747 Tel: 800-645-6226 10. United Treating & Suppliers or Vendors $94,575 Distribution LLC 338 E Washington Ave Suite D Muscle Shoals, AL, 35661 Contact: Rob Hildreth Tel: 256-248-0944 Email: rh@unitedtreating.com 11. Woodford Plywood Inc Suppliers or Vendors $91,577 PO Box 50007 Albany, GA, 31705 Tel: 800-342-6400 Email: ddeal@woodfordplywood.com 12. ABC Supply Co. Inc. Suppliers or Vendors $88,813 1 ABC Parkway Beloit, WI, 53511 13. Grove Wholesale Lumber Suppliers or Vendors $82,316 11201 90th Ave N Maple Grove, MN, 55369 14. SYNCB/Lowes Credit Card Debt $76,567 P. O. Box 960061 Orlando, FL, 32896 15. Biewer Lumber, LLC Suppliers or Vendors $69,993 812 S. Riverside Saint Clair, MI, 48079 Contact: Lauren Bradley Tel: 810-329-4789 Email: lbradley@biewerlumber.com 16. Two Rivers Lumber Suppliers or Vendors $65,158 Company, LLC Attn: Accounts Receivable PO Box 290 Demopolis, AL, 36732 Tel: 334-654-8077 17. Birmingham Intnl Suppliers or Vendors $60,335 Forest Products, LLC 300 Riverhills Business Park Suite 320 Birmingham, AL, 35242 Contact: Zach Lovvorn Tel: 205-972-1455 Email: zach.lovvorn@bifp.com 18. Grassy Creek Lumber & Suppliers or Vendors $55,635 Distribution LLC 10996 Richardson Rd Ashland, VA, 23005 Contact: Ryan Dukate Tel: 804-752-0021 Email: ryan.dukate@grassycreeklumber.ocm 19. Palmetto Lumber Company Suppliers or Vendors $27,616 C/O Lacey Buckner 9500 Hutchison Ferry Road Palmetto, GA, 30268 Tel: 770 463 9157 20. Fastening Solutions, Inc. Suppliers or Vendors $27,035 P O Box 161842 Atlanta, GA Contact: Tony Jones, Sales Tel: 770-424-8200/sales Email: customerservice@fsiusa.com WARRIOR TECHNOLOGIES: Hires Harney Partners as Financial Advisor ---------------------------------------------------------------- Warrior Technologies, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ HMP Advisory Holdings, LLC dba Harney Partners as financial advisor. The firm will provide these services: a. assist the Debtor and its counsel with general matters related to a restructuring and contemplated chapter 11 proceeding, including, but not limited to, case strategy development, data gathering, financial analysis, liquidity management, operational improvement opportunities, business plan development, stakeholder communications, restructuring strategy, and related matters intended to enhance enterprise value and support the Debtor's long-term success, as needed; b. coordinate with the Debtor's current financial advisor and the Debtor to facilitate workstreams; c. review the 13-week cash flow model and monthly budget prepared by the Debtor's current advisor, validate assumptions and forecasted liquidity or profitability, prepare revised forecasts and budgets if necessary, provide weekly variance reporting and sensitivity analysis, and ensure alignment with the existing debtor-in-possession financing plan and budget, as needed; d. prepare forecasted creditor recovery waterfalls and liquidation analyses, including any best-interests analysis needed to support plan confirmation; e. assist the Debtor and its counsel with bankruptcy-required reporting and administrative matters, including Monthly Operating Reports, the Initial Debtor Interview questionnaire, the required Schedules of Assets and Liabilities, the Statement of Financial Affairs, first day motions, and preparation for the Sec. 341 meeting of creditors; f. assist with claims reconciliation and objections, 502(b)(6) cap calculations and other financial analysis required for landlord negotiations, potential preference-payment calculations, stakeholder communications, and information requests from the U.S. Trustee, the Committee and other parties, as needed; g. review executory contracts, unexpired leases, and customer MSAs to support assumption/rejection analysis and assess go-forward profitability; h. assess operational performance, identify EBITDA improvement opportunities, and evaluate business segments, product lines, or customer concentrations for profitability and strategic fit; i. support the development of the Plan of Reorganization, including a go forward business plan, feasibility analysis, financial projections, liquidation analysis, claims analysis and reconciliation, and other analysis, as needed; j. assist in the collection of accounts receivable and in vendor, contractor, or employee negotiations, as needed; k. maintain a data room and engagement memorandum with relevant information required to complete the Services; l. arrange exit and other financing as necessary, subject to a separate engagement letter with Harney Capital; and m. other services as may be agreed upon between HP and the Debtor. HMP professionals' hourly rates are: President/EVP/COO $700 to $900 Managing Director $550 to $750 Sr. Manager/Director $400 to $600 Manager $350 to $500 Sr. Consultant $300 to $400 Support Staff $180 to $250 The services are expected to be provided primarily by managing director Mac Rowland at $600 per hour. HP also received a one-time retainer of $10,000. Mr. Rowland assured the court that his firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Mac Rowland HMP ADVISORY HOLDINGS, LLC, dba HARNEY PARTNERS Westech 360 8911 North Capital of Texas Highway, Suite 2120 Austin, TX 78759 Telephone: (630) 250-2307 Facsimile: (248) 797-5572 E-mail: mrowland@harneypartners.com About Warrior Technologies LLC Warrior Technologies LLC is an energy services provider specializing in oilfield support and trucking operations for the energy sector. The company serves oil and gas producers with transportation and field-related logistics services across key operating regions. Warrior Technologies LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case 26-33562) on May 21, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Bernard R. Given, II, Esq. of Loeb & Loeb. WASHINGTON-MCLAUGHLIN: Seeks to Hire Stein Sperling as Counsel -------------------------------------------------------------- The Washington-McLaughlin Christian School, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Stein Sperling Bennett DeJong Driscoll, P.C. as special counsel. The firm will provide these services: (a) assist in negotiating a contract with the purchaser; (b) assist in consummating the sale of the Property; (c) provide services in connection with the company's efforts to sell the real property described in the Application; and (d) serve as real estate counsel in connection with the sale of the Property. Beth M. Irving, Esq. is expected to be the principal attorney providing legal services at an hourly rate of $760 (subject to adjustments). According to court filings, Stein Sperling Bennett DeJong Driscoll, P.C. has no connection with the company, its creditors, other parties in interest, their attorneys and accountants, the United States Trustee, or any person employed in the Office of the United States Trustee, other than as disclosed in the application and verified statement. Beth M. Irving also represents no adverse interest to the company or its estate. The firm can be reached at: Beth M. Irving, Esq. STEIN SPERLING BENNETT DEJONG DRISCOLL, P.C. 1101 Wootton Parkway, Suite 700 Rockville, MD 20852 About The Washington-McLaughlin Christian School The Washington-McLaughlin Christian School, Inc. is a Maryland-based private Christian educational institution providing faith-based academic instruction to students in its community. The Washington-McLaughlin Christian School, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11355) on February 9, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $1 million-$10 million. Judge Maria Ellena Chavez-Ruark handles the case. The Debtor is represented by Augustus Curtis, Esq., at Offit Kurman. WESTSIDE TOW: Has Deal on Cash Collateral Access ------------------------------------------------ Westside Tow and Transport, Inc., U.S. Small Business Administration, and Harvest Small Business Finance, LLC advise the U.S. Bankruptcy Court for the Central District of California, Northern Division, that they have reached an agreement regarding the Debtor's use of cash collateral and now desire to memorialize the terms of this agreement into an agreed order. The agreement accounts for two primary prepetition secured lenders holding claims against the company's asset base: The U.S. Small Business Administration holds a multi-tranche COVID Economic Injury Disaster Loan that originated at $118,500 on May 19, 2020, and was aggressively modified across 2021 until it reached a final principal ceiling of $2,000,000. Under the current notes, the SBA is owed ongoing monthly principal and interest installments of $9,834.00 calculated at a fixed 3.75% annual rate, backed by a sweeping security interest in substantially all of the Debtor's tangible and intangible personal Harvest Small Business Finance, LLC asserts secondary liens over the Debtor's accounts and receivables to the extent that the underlying value of the primary Riverside real estate falls short of fully covering its corporate exposure. Under the finalized terms, both the SBA and Harvest formalize their post-petition consent for the Debtor to access their respective cash collateral pools. This spending runway is granted retroactively from the entry of the court order through the earlier of a confirmed Chapter 11 plan of reorganization or September 30, 2026. All disbursements must align strictly with the professional corporate budget appended as Exhibit 1 to the Debtor's June 9, 2026 Fourth Interim Cash Collateral Motion. To safeguard against fiscal mismanagement, the stipulation enforces a rigid financial constraint: the Debtor is restricted to a maximum 10% permitted variance from its budgeted line items, to be audited consecutively every four weeks. Furthermore, the Debtor is strictly barred from using cash collateral to pay corporate insiders unless it complies fully with the Bankruptcy Code and Local Bankruptcy Rule 2014-1. To mitigate operational risk and protect the lenders against potential collateral depreciation, the stipulation erects a strict adequate protection framework: 1. The Debtor must continue making substantial monthly adequate protection cash transfers on or before the 15th day of each calendar month. The SBA will receive its standard contract rate of $9,834 per month via the digital MySBA Loan Portal, while Harvest will receive a major monthly cash remittance of $23,751. 2. Both lenders will receive automatically perfected post-petition replacement liens on all newly generated assets and revenues tracking their prepetition collateral categories. These replacement liens attach directly to the estate's post-petition revenue stream but are strictly limited to the actual dollar amount of any asset diminution resulting from cash use, entirely excluding Chapter 5 bankruptcy avoidance or recovery causes of action. 3. If the replacement liens and cash payments fail to fully compensate for collateral depreciation, both the SBA and Harvest are granted matching superpriority administrative claims under 11 U.S.C. Sections 503(b) and 507(b). Administratively, the agreement establishes a rigorous compliance schedule to ensure the transparency of the ongoing reorganization process. The Debtor must maintain comprehensive property insurance on all underlying equipment and assets, formally naming the secured lenders as loss payees, and must turn over verifiable proof of active coverage within seven days of a written request. Financial transparency is further mandated through the timely filing of all United States Trustee monthly operating reports. Crucially, the lenders preserve their entire legal leverage: signing the stipulation does not constitute a waiver of any prepetition defaults, an acquiescence to loan modification, or a reinstatement of the underlying debt. Both Harvest and the SBA explicitly retain their baseline rights to object to any future proposed reorganization plan or move to convert or dismiss the Chapter 11 proceeding entirely if the transition stalls. Finally, the agreement dictates that the replacement liens and superpriority protections will survive a potential dismissal of the bankruptcy case, with all signatories bearing their own respective independent legal fees and administrative costs. A copy of the stipulation is available at https://urlcurt.com/u?l=3gsdBi from PacerMonitor.com. About Westside Tow & Trucking Inc. Westside Tow & Trucking Inc. is a Los Angeles area towing and trucking company. Westside Tow & Trucking sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-11352) on October 8, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Ronald A. Clifford III handles the case. The Debtor is represented by Tamar Terzian, Esq., of Terzian Law Group, APC. Harvest Business Bank, LLC, as secured creditor, is represented by Raffi Khatchadourian, Esq., at Hemmar, Rousso, and Heald, LLP. WESTVIEW BAPTIST: Taps Blue Star Realty as Real Estate Broker ------------------------------------------------------------- Westview Baptist Church Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Blue Star Realty Pros, Inc. as real estate broker. The firm will provide these services: (a) inspect and evaluate the Property; (b) prepare a marketing strategy; (c) list and advertise the Property; (d) conduct showings; (e) solicit and negotiate offers; (f) assist with due diligence; (g) coordinate with title companies, lenders, surveyors, inspectors, and purchasers; (h) assist in negotiating purchase agreements; and (i) perform other customary brokerage services necessary to facilitate a sale approved by this Court. Under the Listing Agreement, the firm will receive a commission equal to 4.5% of the gross purchase price upon a Court-approved closing. The listing term shall be 12 months. The firm shall be reimbursed only for reasonable, actual, and necessary marketing expenses approved by the Debtor, if any. No commission shall be earned unless the sale closes. Blue Star Realty Pros, Inc. does not hold or represent an interest adverse to the estate and is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: James Alliance Blue Star Realty Pros, Inc. 1500 Gateway Blvd. Boynton Beach, FL 33426 About Westview Baptist Church Inc. Westview Baptist Church, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17359) on June 4, 2026, with $1 million to $10 million in assets and $500,001 to $1 million in liabilities. Judge Corali Lopez-Castro presides over the case. Jamila Z. Canty, Esq., represents the Debtor as legal counsel. WHITE RHINO: Gets OK to Use Cash Collateral Until Aug. 10 --------------------------------------------------------- White Rhino Productions, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Massachusetts to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral through Aug. 10 to pay for expenses in accordance with the revised budget, subject to a variance of no more than 10% in the aggregate on a monthly basis. The Debtor's cash collateral consists of cash, receivables and other liquid assets, subject to security interests of Rockland Trust, N.A. As protection for the Debtor's use of its cash collateral, Rockland Trust will be granted replacement liens on the Debtor's post-petition property similar to its pre-bankruptcy collateral, with the same priority as its pre-bankruptcy liens. The replacement liens do not apply to any avoidance powers. The order is available at http://urlcurt.com/u?l=s2FKhtfrom PacerMonitor.com. The next hearing is set for Aug. 6. White Rhino, a strategic marketing and digital firm founded in 1996, has faced significant financial strain due to a combination of factors, including costly overruns and nonpayment on a major client project, reduced client spending, broader healthcare industry funding pressures, and investments in new technology initiatives. These challenges led to severe cash flow constraints, prompting the bankruptcy filing. Despite these setbacks, the Debtor maintains that continued operations will maximize asset value and improve the chances of a successful reorganization. About White Rhino Productions Inc. White Rhino Productions, Inc. is a marketing and digital firm founded in 1996. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-10909) on April 22, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Daniel Greenwald, president of White Rhino Productions, signed the petition. Jesse Redlener, Esq., at Ascendant Law Group, LLC, represents the Debtor as legal counsel. WHOLESALE PROPERTY: Seeks to Hire United Real Estate as Realtor --------------------------------------------------------------- Wholesale Property Depot, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Lacy Bishop of United Real Estate Gallery to serve as realtor. The firm will provide these services: (a) serve as realtor in connection with the sale of the property located at 9414 Carbondale Dr E, Jacksonville, FL 32208; and (b) assist in consummating the sale of the property. Lacy Bishop will receive a maximum commission equal to 3%, due upon the closing of the sale of the property. A sale contract for $275,000 has been finalized at the time of the application. According to court filings, Lacy Bishop does not represent nor have connections with any parties in the case, does not hold or represent an interest adverse to the estate, and is eligible to be employed under Section 327(a) of the Bankruptcy Code and Federal Rule of Bankruptcy Procedure 2014. The firm can be reached at: Lacy Bishop United Real Estate Gallery 2994 Piedmont Manor Dr. Orange Park, FL 32065 About Wholesale Property Depot LLC Wholesale Property Depot, LLC is a Jacksonville, Fla.-based real estate investment and wholesaling firm that, doing business as Pay Cash 4 Houses, sources, negotiates and assigns off-market residential property deals for investors across Duval County, Orange Park and St. Johns County. Wholesale Property Depot LLC is a Florida limited liability company, wholly owned and managed by Clay Jones and Erby Beauvais. Wholesale Property Depot sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.Fla. Case No.: 3:26-bk-02885-JAB) on June 29, 2026. Bryan K. Mickler at Mickler & Mickler, represents the Debtor as legal counsel. WORKFORCE RESOURCE: Seeks Approval to Hire Alvarado Law as Counsel ------------------------------------------------------------------ Workforce Resource & Management Group, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Frank Alvarado, Esq. of Alvarado Law to serve as general bankruptcy counsel. The firm will provide these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of the estate; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) provide legal advice and assistance with respect to the continued operation of the business and management of property of the estate; (e) assist in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports and other legal documents; (g) assist in the collection of all accounts receivable and other claims and resolve claims against the estate; (h) provide advice concerning the claims of secured and unsecured creditors and the prosecution and/or defense of all actions; (i) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization; and (j) perform other services as set forth in the Memorandum of Points and Authorities and Declarations in Support. The firm will be paid at these hourly rates: Frank Alvarado, Esq. $425 Paralegal Yanira Flores $150 and paraprofessionals $95. The firm is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Frank J. Alvarado, Esq. ALVARADO LAW 9150 Las Tunas Drive Temple City, CA 91780 Telephone: (888) 408-9528 E-mail: frank@alvaradolawgroup.com About Workforce Resource & Management Group Workforce Resource & Management Group, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 26-15733) on June 8, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Neil W. Bason presides over the case. Frank J. Alvarado, Esq., at Alvarado Law represents the Debtor as bankruptcy counsel. M. Douglas Flahaut serves as Subchapter V trustee for the Debtor. WORMLEY ROOFING: Andrew Layden Named Subchapter V Trustee --------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Andrew Layden as Subchapter V trustee for Wormley Roofing, Inc. Mr. Layden will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Layden declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew Layden 200 S. Orange Avenue, Suite 2300 Orlando, FL 32801 Telephone: 407-649-4000 Email: alayden@bakerlaw.com About Wormley Roofing Inc. Wormley Roofing, Inc. is an Apopka, Florida-based roofing contractor specializing in residential and commercial roofing installation, repair, and maintenance services. As of June 2026, the company maintained active Florida profit corporation status, held a certified roofing contractor license, and was recruiting roofing repair technicians in the Orlando area. Its active project portfolio carried an estimated aggregate value of approximately $912,337. Wormley Roofing filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-04890) on June 30, 2026. In its petition, the Debtor reported assets of up to $50,000 and liabilities of between $100,000 and $500,000. The Debtor is represented by Jeffrey Ainsworth, Esq., at Bransonlaw PLLC. WRENCHERS LLC: Taps Robert N. Bassel Esq. as Legal Counsel ---------------------------------------------------------- Wrenchers, LLC received approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ Robert N. Bassel, Esq. as bankruptcy counsel. The firm will represent the Chapter 11 case in all legal matters arising in and under the Chapter 11 case. Mr. Bassel currently charges an hourly rate of $350. Robert Bassel, Esq. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Robert N. Bassel, Esq. P.O. Box T Clinton, MI 49236 Telephone: (248) 677-1234 E-mail: bbassel@gmail.com About Wrenchers LLC Wrenchers, LLC is a Michigan-based automotive restoration business specializing in classic cars, hot rods, and muscle cars. Wrenchers filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46367) on June 2, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Patrick Ackerman, principal, signed the petition. Judge Lisa S. Gretchko oversees the case. Robert Bassel, Esq., represents the Debtor as legal counsel. Richardo Kilpatrick, Esq., at Kilpatrick & Associates, P.C. serves as Subchapter V trustee for the Debtor. YNEZ SHOPS: Seeks to Extend Plan Exclusivity to Sept. 29 -------------------------------------------------------- Ynez Shops, LLC and Pro Temecula Town Center, LLC, asked the U.S. Bankruptcy Court for the Central District of California to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 29 and Nov. 30, 2026, respectively. These are single asset real estate cases involving a retail shopping center located at Ynez Road and Rancho California Road in Temecula, California (the "Property"). Pro Temecula owns four of the parcels and Ynez owns the others. Nano Banc, the Debtors' secured lender, obtained an appraisal of the portion of the Property owned by Ynez in December 2024 that appraised it in as-is condition at $37,460,000. Ynez owes Nano Banc approximately $23,528,000. The appraisal of the portion owned by Pro Temecula valued its portion at $54,400,000. Pro Temecula owes Nano Banc approximately $34,194,705. The filings were precipitated by a foreclosure sale scheduled by Nano Banc. The Debtors intend to sell the Property and will be filing an application to employ a real estate broker shortly. The Debtors claim that they do not currently have accurate financial information that will support feasibility, although the plans will not be complicated given that they will be funded in substantial part through a sale of the Property. The Debtors are going to need to continue to operate pending the sale and it is presently unclear whether the Debtors, particularly Ynez, has sufficient cash flow without a source of financing to get through a sale of the Property. The Debtors explain that they are under new management so lacks historical knowledge of the Debtors' financial conditions and the historical financials may not have been entirely accurate in any event, particularly since the Property appears to have been poorly managed and it is unclear how rents were used. To allow the Debtors sufficient time to gauge their financial performance and prepare accurate projections to guide these cases forward, the Debtors require additional time to formulate their disclosure statements and plans. Counsel for the Debtors: Kyra E. Andrassy, Esq. Robert S. Marticello, Esq. Stephen M. Mott, Esq. Raines Feldman Littrell LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Telephone: (310) 440-4100 Facsimile: (310) 691-1943 Email: kandrassy@raineslaw.com About Ynez Shops LLC Ynez Shops, LLC, classified as a single-asset real estate company, owns property located at 29640 Rancho California Road in Temecula, California, and its operations are focused on managing this real estate asset. Ynez Shops filed a Chapter 11 petition (Bankr. C.D. Cal. Case No. 26-10693) on March 3, 2026, with between $10 million and $50 million in both assets and liabilities. Judge Scott C. Clarkson oversees the case. The Debtor is represented by William J. Wall, Esq. at Wall Law Office. ZYTOUN GOURMET: Hires S. E. Cowen Law as Bankruptcy Counsel ----------------------------------------------------------- Zytoun Gourmet Mediterranean, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of California to hire S. E. Cowen Law as counsel. The firm will represent the Debtor through all stages of the Chapter 11 Subchapter V process with an anticipated confirmation of a Plan of Reorganization within 6 months. The firm's hourly rates are: Steven E. Cowen, Esq. $400 per hour Jacky Verdugo $175 per hour The firm received a retainer in the amount of $25,000. S. E. Cowen Law is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Steven E. Cowen, Esq. S. E. Cowen Law 333 H St, Ste 5000 Chula Vista, CA 91910-5561 Telephone: (619) 202-7511 Facsimile: (619) 233-3327 Email: cowen.steve@secowenlaw.com About Zytoun Gourmet Mediterranean, Inc. Zytoun Gourmet Mediterranean, Inc. is a restaurant company specializing in Mediterranean cuisine. The company operates in the food service industry, offering Mediterranean-inspired dishes and dining services to its customers. Zytoun Gourmet Mediterranean, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-02620) on June 19, 2026. In its petition, the debtor reported estimated assets of between $100,001 and $1 million and estimated liabilities of between $1 million and $10 million. Honorable Bankruptcy Judge J. Barrett Marum handles the case. The debtor is represented by Steven E. Cowen of S.E. Cowen Law. [] Bonnie Baker JD Wins Pinnacle Professional Honor in Bankruptcy ----------------------------------------------------------------- Prominently featured in The Inner Circle, Bonnie Baker, JD is acknowledged as a Pinnacle Professional of The Year for her contributions to Bankruptcy and Financial Recovery Law. Bonnie Baker, JD, has built a respected legal career focused on helping individuals and families regain financial stability through experienced legal guidance and advocacy. Practicing in Northern California, she concentrates on bankruptcy law, wills and trusts, and debt relief services, providing clients with clear strategies to navigate financial challenges and rebuild their futures. With more than 15 years of experience handling bankruptcy cases, Ms. Baker regularly represents clients in Chapter 7 and Chapter 13 proceedings. Her practice also includes estate planning services, helping individuals protect their assets and plan for the future through wills and trusts. In addition to these areas, she brings broad legal knowledge from work in personal injury, corporate law, real estate matters, civil litigation, and criminal litigation. Ms. Baker earned her Juris Doctor from Lincoln Law School and holds a Bachelor of Arts from the University of Southern California. She also pursued additional academic study in Japan, expanding her educational experience. She is an active member of the National Association of Consumer Bankruptcy Attorneys, reflecting her commitment to staying engaged with developments in consumer protection and bankruptcy law. Her dedication to advocacy and leadership will be highlighted in an upcoming CUTV News Radio broadcast, where she will discuss empowering women and supporting leadership and advocacy initiatives within the legal profession and the broader community. Outside of her legal work, Ms. Baker enjoys farming chickens and vegetables, an activity that reflects her appreciation for sustainability and hands on living. Looking ahead, she plans to continue expanding her legal practice while remaining committed to helping clients overcome financial hardship and achieve long term stability. Guided by a philosophy centered on human rights, women's empowerment, and the advancement of diversity, equity, and inclusion, she remains dedicated to making a meaningful impact through her work. Contact: Katherine Green Tel: (516) 825-5634 editorialteam@continentalwhoswho.com [] Kelley Drye Names New Partners in Bankruptcy, Litigation, More ----------------------------------------------------------------- Kelley Drye & Warren LLP is pleased to announce the election of five new partners - Melissa E. Byroade, Matthew Chakmakian, Dana P. Kane, Gregory C. Pruden, and David M. Reap - effective July 1, 2026. In addition, the firm has promoted Spencer Cuddy, Michael J. Kromka, Ivan F. Morales, and Andrew Wood to special counsel. "Congratulations to our newest partners and special counsel," said Dana B. Rosenfeld, firm managing partner. "Each of these attorneys has developed deep expertise and strong client service while at the firm. Their promotions reflect our commitment to cultivating talent from within and recognizing those who consistently deliver exceptional results for our clients while embodying the collaborative, client-first culture that defines Kelley Drye." The promotions span five Kelley Drye offices and a range of practice areas, reflecting the strength and depth of the firm nationwide. Kelley Drye's new partners are: Melissa E. Byroade (Washington, DC - Environmental): Melissa represents state governments in expansive litigation actions across the country to address widespread contamination due to per- and polyfluoroalkyl substances (PFAS) from industrial sites and other sources. She counsels multiple state Attorneys General offices seeking natural resource damages and other relief to protect the health, safety, and well-being of the public and state resources. Melissa is also representing the State of Maryland in bringing claims for costs and damages resulting from the M/V DALI's allision with the Francis Scott Key Bridge in the Port of Baltimore in March 2024. In addition, she has significant experience in a wide variety of complex commercial litigation and international arbitration matters, including cross-border matters, bilateral investment treaty protections, and sovereign immunity issues. Melissa is a member of the New York, District of Columbia, and Maryland bars. Matthew Chakmakian (New Jersey - Litigation): Matt helps clients in all stages of litigation and arbitration, with a particular focus on commercial litigation and consumer class action defense. He frequently handles complex business disputes, high-exposure class actions, and government enforcement actions. Matt has guided clients through litigations arising out of mergers and acquisitions, commercial real estate deals, and complex lending agreements. He also has deep experience representing consumer-facing companies in class actions and mass arbitrations and has briefed numerous appeals in state and federal appellate courts nationwide. Matt began his career as a judicial law clerk for Associate Justice Jaynee LaVecchia of the Supreme Court of New Jersey. Matt is a member of the New York and New Jersey bars. Dana P. Kane (New Jersey - Bankruptcy): Dana brings more than 25 years of hands-on legal and management experience to clients' restructuring, bankruptcy, and creditors' rights matters. She is a proven negotiator, business strategist, and listener who helps clients navigate unexpected circumstances and achieve the results they need. Dana previously served as in-house counsel for a company specializing in the purchase and sale of claims and interests in distressed situations, giving her deep experience in distressed debt and a client-focused legal and business perspective. In private practice, she represents liquidating trustees, creditors, creditors' committees, debtors, and lenders in Chapter 11 and Chapter 7 cases. Dana is a member of the New York and New Jersey bars. Gregory C. Pruden (New York - Litigation): Greg's practice focuses on complex commercial disputes, government investigations, and regulatory enforcement, including False Claims Act and privacy and data security litigation. He represents public and private companies and individuals in civil disputes and proceedings involving the Department of Justice, Federal Trade Commission, Securities and Exchange Commission, and other state and federal agencies. Greg has secured DOJ and SEC declinations in multiple investigations, including matters involving the Foreign Corrupt Practices Act and alleged securities fraud. He also advises clients on litigation avoidance, helping them meet business objectives while minimizing risk. Greg was a judicial clerk to the Honorable Lawrence E. Kahn, District Judge, U.S. District Court for the Northern District of New York. Greg is a member of the New York bar. David M. Reap (New York - Environmental): Dave leverages his experience and insight to represent a wide range of government entities in high-impact litigation across the country to protect public health, safety, and the environment. His practice focuses on assisting public clients pursue claims against chemical manufacturers and polluters for injuries to natural resources and contamination of drinking water supplies, with significant experience related to PFAS and their environmental and health impacts. Dave is a former deputy attorney general with the New Jersey Attorney General's Office and has continued to represent the State of New Jersey in some of its most important environmental cases as Outside Counsel. Dave started his legal career as a law clerk in the New Jersey Superior Court, Chancery Division - General Equity Part for Judge Harriet F. Klein. He is a member of the New York and New Jersey bars. The firm's new special counsel are: Spencer Cuddy (New York - Real Estate): Spencer helps clients navigate the full spectrum of commercial real estate finance transactions, bringing a relationship-driven approach and deep transactional experience to every deal. He represents investment banks, insurance companies, commercial banks, and other financial institutions in the origination, structuring, and closing of mortgage loans, mezzanine financings, and other secured lending arrangements. His practice spans retail, multifamily, office, hotel, industrial, and multi-asset portfolio transactions. Spencer is valued for his responsiveness, practical insight, and ability to manage multi-layered transactions involving intercreditor arrangements, co-lending structures, and multi-property collateral packages. Spencer is a member of the New York and New Jersey bars. Michael J. Kromka (New York - Real Estate): Michael is a trusted advisor to clients navigating complex commercial real estate deals, offering a pragmatic, business-first approach that balances legal precision with deal execution. He has broad nationwide experience in acquisitions and dispositions, joint venture structuring, leasing, sale-leasebacks, net lease transactions, and financing matters. Michael advises operators, developers, private equity firms, institutional investors, financial institutions, and commercial landlords and tenants. Clients value his ability to distill complex legal issues into clear, actionable advice and his unwavering focus on getting deals done. Michael is a member of the New York and New Jersey bars. Ivan F. Morales (Houston - Environmental): Ivan focuses his practice on environmental litigation. He represents state and local governments, as well as private-sector clients, in complex environmental and commercial litigation. His practice focuses on securing recovery for natural resource damages, environmental contamination, and other significant economic losses, with substantial experience in cases involving PFAS contamination, AFFF-related claims, and other high-profile environmental matters. Ivan is a member of the Texas and Oregon bars. Andrew Wood (Chicago - Intellectual Property): Andrew focuses his practice on patent litigation, including federal district court litigations and inter partes review proceedings before the U.S. Patent Trial and Appeal Board. He has handled patent disputes involving technologies including medical devices, microphone technology, signal processing, semiconductor devices, printing technology, manufacturing processes, GPS, and pharmaceuticals. Andrew also has experience litigating trademark and trade secret matters across multiple industries. He previously served as a patent extern to the Honorable Amy St. Eve of the U.S. District Court for the Northern District of Illinois. Andrew is a member of the Illinois bar. About Kelley Drye Kelley Drye & Warren LLP is a powerhouse law firm with more than 190 years of practice. With over 300 attorneys and professionals across nine offices, it offers tenacious courtroom advocacy, strategic problem solving, and savvy deal making across litigation, regulatory, trade, real estate, bankruptcy, and corporate matters. Kelley Drye represents a diverse client base, serving Fortune 500 companies, emerging businesses, and government entities across technology, finance, healthcare, defense, real estate, and manufacturing. Kelley Drye is committed to delivering practical advice, creative solutions, and exceptional value through enduring client relationships. For more information, visit www.kelleydrye.com. [] Subchapter V Filings Rose 50% in First Half of 2026 ------------------------------------------------------ Epiq reports ht U.S. bankruptcy filings continued to rise during the first half of 2026, with small business reorganizations recording one of the strongest increases. Epiq AACER reported 1,663 Subchapter V elections under Chapter 11 through June 30, up 50% from the 1,107 filed during the same period last year. Total bankruptcy filings increased to 310,550, while commercial bankruptcy filings reached 17,285, including 4,589 Chapter 11 cases. Michael Hunter, Vice President of Epiq AACER, said the continued increase in Subchapter V elections highlights the difficult operating environment facing small businesses. At the same time, consumers remain under financial pressure from higher debt burdens, elevated vehicle loan delinquencies, growing foreclosure activity, and rising credit card balances, contributing to additional Chapter 7 and Chapter 13 filings. The individual bankruptcy figures also reflected continued financial stress among consumers. Total individual filings rose 12% to 293,265, including 187,572 Chapter 7 cases and 104,997 Chapter 13 filings. According to ABI Executive Director Amy Quackenboss, persistent inflation, elevated borrowing costs, increasing business expenses, and geopolitical instability continue to drive businesses and individuals toward bankruptcy relief, the report states. June 2026 bankruptcy activity remained elevated, with 258 Subchapter V elections, 812 commercial Chapter 11 filings, and 52,282 total bankruptcy filings. Individual filings reached 49,424, including 31,428 Chapter 7 and 17,886 Chapter 13 cases. ABI and Epiq Bankruptcy said they will continue providing comprehensive bankruptcy filing statistics and analytics through their joint reporting initiative, according to report. [^] BOOK REVIEW: Bendix-Martin Marietta Takeover War ---------------------------------------------------- MERGER: The Exclusive Inside Story of the Bendix-Martin Marietta Takeover War Author: Peter F. Hartz Publisher: Beard Books Soft cover: 418 pages List Price: $34.95 Review by Gail Owens Hoelscher http://www.beardbooks.com/beardbooks/merger.html William Agee, the youngest man ever to head one of the top 100 American corporations, seemed unstoppable. In 1977, at the age of 39, he took over Bendix Corporation, an aerospace, automotive, and industrial firm, determined to diversify the company out of the automotive industry. In his words, "Automobile brakes are in the winter of their life and so is the entire automobile industry." He sold off a few Bendix units, got some cash together, and began to look for acquisitions. Then Agee's relationship with Mary Cunningham burst into the news. Agee had promoted Cunningham from his executive assistant to vice president, to the outrage of other Bendix employees. Their affair, replete with power, brains, youth, good looks, charm, denial, and deceit, fascinated the American public. Cunningham was forced to leave Bendix to work for Seagrams, with the entire country wondering just how well she would do. The two divorced their respective spouses and married soon thereafter. To the chagrin of many, Cunningham continued to play a pivotal role in Bendix affairs. Eager to regain his standing, Agee turned to acquisition as soon as the gossip died down. A failed attempt to acquire RCA left him more determined than ever. He then set his sights on Martin-Marietta, an undervalued gem in the 1982 stock market slump. Thus began an all-out war of tenders and countertenders, egoism and conceit, half-truths and dissimulation, and sudden alliances and last-minute court decisions. This is a very exciting account of the war's scuffles, skirmishes, and battles. The author, son of a long-time Bendix director, was able to interview some of the major participants who most likely would have refused the requests of other authors. Some gave him access to personal notes from the various proceedings. The author thoroughly researched the documents involved in the takeover war, as well as news reports and press releases. He explains the complicated legal maneuverings very clearly, all the while keeping the reader entertained with the personal lives and thoughts of the players. People love this book. The New York Times Book Review said "Aggression and treachery, hairbreadth escapes and last-minute reversals, "white knights" and "shark repellants" -- all of these and more can be found in the true-life adventure of the Bendix-Martin Marietta merger war." The Wall Street Journal said "Merger brims with tension, authentic-sounding dialogue and insider detail." Peter F. Hartz was born in Toronto, Canada, in 1953, and moved to the U.S. as a child. He holds degrees from Colgate University and Brown University. He lives in Toluca Lake, California. ********* 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. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. 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