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260716.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, July 16, 2026, Vol. 30, No. 197 Headlines 1925 N BRUNSWICK: Seeks Chapter 11 Bankruptcy in New York 43 LAUREL: Scott Rever Named Subchapter V Trustee 63 SPRING LAFAYETTE: Property Sale Proceeds to Fund Plan Payments A SNEAKER CITY: Case Summary & 11 Unsecured Creditors AG GROUP INVESTMENTS: Seeks Chapter 11 Bankruptcy in Florida AIR AUTHORITY: Seeks Subchapter V Bankruptcy in Texas ALL THINGS PRETTY: Seeks Chapter 11 Bankruptcy in New York AQUABOUNTY TECHNOLOGIES: Board Decides Against Reverse Stock Split ASB CERA: Hires Law Office of Michael D. Pinsky as Counsel ASHFORD HOSPITALITY: Sells Marriott Fremont Silicon Valley for $53M ASN INVESTMENT: Richard Furtek Named Subchapter V Trustee ASTRO ACQUISITION: Fitch Affirms 'B' LongTerm IDR, Outlook Stable AUTOWERKS CSTX: Commences Chapter 11 Bankruptcy in Texas AVANTGARDE SENIOR: Gets Interim OK to Use Cash Collateral BARCELONA BEST: Case Summary & 20 Largest Unsecured Creditors BENNING & G: Seeks to Hire Realty One Group as Real Estate Broker BEUSA INVESTMENTS: S&P Assigns 'B+' ICR, Outlook Stable BLUE IVY: Seeks to Hire Murphy & King as Bankruptcy Counsel BLUE SUN: Files Amendment to Disclosure Statement BNP PARIBAS: Two Roads Marks $1.5MM Bond at 29% Off BRABHAM CONSTRUCTION: Christine Brimm Named Subchapter V Trustee BRIDGE STREET I: Fitch Assigns BB-(EXP)sf Rating on Cl. E-RR Notes BRIGGS & STRATTON: Two Roads Virtually Writes Off $2.5M Bond BROWNIE'S MARINE: Live Blue Acquires Sunrise Paddleboards Assets C & B RHEE: Hires Ivey Mcclellan Siegmund Brumbaugh as Attorney CARPENTER TECHNOLOGY: S&P Affirms 'BB+' ICR, Alters Outlook to Pos. CHARLES & COLVARD: Completes Asset Sale to AJS Creations for $2.7MM CHINA EVERGRANDE: Saba Capital Marks $11M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $127.6M Bond at 97% Off CHINA EVERGRANDE: Saba Capital Marks $13.3M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $16M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $17M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $3.2M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $6.5M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $7.98M Bond at 98% Off CHINA EVERGRANDE: Saba Capital Marks $8MM Bond at 98% Off CHRONOSCALE CORP: Completes Holding Company Transaction CLEAN ENERGY: Raises $141K Proceeds via Coventry Convertible Note CLEANER GUYS: Seeks Subchapter V Bankruptcy in Washington CLEARSIDE BIOMEDICAL: Plan Exclusivity Period Extended to Sept. 21 CORE AI HOLDINGS: Welcomes Arie Goor as Chief Financial Officer CORELOGIC INC: S&P Rates New First-Lien Senior Secured Notes 'B-' CSC HOLDINGS: Saba Capital II Marks $270,000 Bond at 40% Off CUMULUS MEDIA: Nielsen Loses Data-Tying Appeal DISH DBS: Hires Epiq Corporate as Claims and Noticing Agent DK ARENA: Taps GrayRobinson PA as Special Real Estate Counsel DNA ELECTRICAL: Gets Extension to Access Cash Collateral DURANTE EQUIPMENT: Seeks to Hire Stuart Goffman CPA as Accountant ECHOSTAR CORP: FMR LLC, Johnson Report 1.8% Class A Stake ECLUDE INC: Hires Fox Law Corporation as Bankruptcy Counsel ELEASE DAYCARE: Robert Gainer Named Subchapter V Trustee ELECTRONIC LAB: Hires Hutchison PLLC as Special Counsel ELECTRONIC LAB: Seeks to Hire Northern Blue LLP as Counsel ELECTRONIC SYSTEM: Hires Accounting 4 You LLC as Accountant ELITE EQUIPMENT: Seeks to Hire Duner and Foote LLP as Accountant ELITE HEALTH: Board Authorizes Strategic Alternatives Review EWC BIG APPLE: Hires Kamini Fox PLLC as Bankruptcy Counsel EXACTECH INC: $8MM Bankruptcy Agreement Ends FCA Suit FAIRWAY AMERICA: Seeks Chapter 11 Bankruptcy in Oregon FINCH THERAPEUTICS: Unsecureds be Paid in Full or be Reinstated FIRST STEP: Robert Handler Named Subchapter V Trustee FOUR SEASONS: Fitch Assigns 'BB+' LongTerm IDR, Outlook Stable FRANCISCAN FRIARS: URC Hires Otterbourg P.C. as Legal Counsel FRAZER SCHOOL: Hires Shumaker Loop & Kendrick as General Counsel GATOR LANES: Case Summary & 11 Unsecured Creditors GLOBAL LEADERSHIP: Hires McManimon Scotland & Baumann as Counsel GREER EXCAVATING: Hires Dunham Hildebrand Payne as Counsel GROFF TRACTOR: Plan Exclusivity Period Extended to Aug. 11 HARVEST SHERWOOD: Atlas Grove Wins Court OK for $150M DIP Facility HIGHPOINT ASSOCIATES VI: Commences Chapter 11 Bankruptcy in NY HOSTEL FISH: Hires Schwabe Williamson & Wyatt as Counsel HTCI CO: Commences Chapter 11 Bankruptcy in Ohio INGLEWOOD UNIFIED: Expects to Exit Receivership in 2027 INNOVATE CORP: To Receive $11M in Cash Dividend From DBM Global INSPIRED HEALTHCARE: Secures $252MM in Property Bids IPIC THEATERS: To Sell Liquor License to DCSN for $60K IVS COMM: Richardo Kilpatrick Named Subchapter V Trustee J CREW GROUP: Saba Capital Marks $10.2MM Loan at 25% Off J&J HOSPITALITY: Seeks Subchapter V Bankruptcy in Pennsylvania J.B. HARRIS: Seeks to Hire Kozyak Tropin as Bankruptcy Counsel JACKSON WALKER: Judge Romance Settlements Receive Court Approval JR AND SP HOLDINGS: Behrooz Vida Named Subchapter V Trustee KING AT EIGHT: Tamara Miles Ogier Named Subchapter V Trustee KNU LIGHT: Seeks Subchapter V Bankruptcy in Georgia LABFITOUT LLC: David Madoff Named Subchapter V Trustee LABL INC: Saba Capital II Marks $2.6MM Bond at 56% Off LABL INC: Saba Capital Marks $5.1M Bond at 56% Off LEADERS IN INNOVATION: Taps Hendren Redwine & Malone as Counsel LENA BRANDS: Seeks to Hire Ordinary Course Professionals LFSN HOLDCO: S&P Withdraws 'CCC+' Issuer Credit Rating LH PROPERTY: Leon Jones Named Subchapter V Trustee LIFEWARD LTD: Closes $5.58M Convertible Note Deal With Oramed Agent LINE BOUTIQUE: Initiates Subchapter V Bankruptcy in Colorado LISA PARK: Claims to be Paid from Disposable Income LOCAL SEARCH: Case Summary & 18 Unsecured Creditors LOS DORADOS: Case Summary & 20 Largest Unsecured Creditors LOUIS INVESTMENTS: Voluntary Chapter 11 Case Summary LRG BUILDER: Lisa Holder Named Subchapter V Trustee LURIN REAL ESTATE: Affiliate Gets Final OK to Use Cash Collateral M & N STRUCTURES: Amends BMO Secured Claim Pay M/I HOMES INC: S&P Raises ICR to 'BB+' on Lower Sustained Leverage MADISON SAFETY: S&P Withdraws 'B' Issuer Credit Rating MARDEN REAL: Seeks Chapter 11 Bankruptcy in Texas MEGA BROADBAND: S&P Downgrades ICR to 'B', On CreditWatch Negative MORAN FOODS: Saba Capital Marks $1.8MM 1L Loan at 85% Off MOTOS AMERICA: Seeks Cash Collateral Access MULTI-COLOR CORP: Saba Capital Marks $3.2MM Loan at 53% Off NATIONAL MAINTENANCE: Seeks Chapter 11 Bankruptcy in NY NATIONAL REALTY: Judge Revises Wind-Down CEO Pay Deal NATURALSHRIMP INC: Simon & Edward Takes Over After BCRG Acquisition NEEMA LLC: J.M. Cook Named Subchapter V Trustee NETCAPITAL INC: Secures $224.5K Net via OID Note With Dune Equity NFI GROUP: S&P Rates Proposed Unsecured Notes Due 2031 'B' NOAH WEBSTER: S&P Affirms 'CC' Rating on 2014 Revenue Bonds NOMURA AMERICA: Two Roads Marks $215,000 Bond at 29% Off NS8 INC: Ex-CEO Fraud Clawback Case Nears Ruling OLYMPIAN WAY: Case Summary & Seven Unsecured Creditors ON SEMICONDUCTOR: S&P Affirms 'BB+' ICR, Outlook Stable ONE SOURCE: Starts Chapter 11 Bankruptcy in New Jersey PACIFIC CAPITAL: Taps Michael I. Goldberg as Independent Director PERFORMERS EDGE: Hires Kroger Gardis & Regas LLP as Counsel PHOENIX RACK: Seeks to Hire Allan D. NewDelman P.C. as Counsel PICO-UNION HOUSING: Seeks to Extend Plan Exclusivity to Oct. 12 PLEASANT HEIGHTS: Taps Wenarsky & Goldstein as Bankruptcy Counsel POLAR POWER: Mayers Ventures Gets $275K Note With Board Seat Right POWER REIT: Brent Morrison Appointed as Independent Trustee PRECIOUS HEARTS: Hires Boyle Legal LLC as Bankruptcy Counsel PWB LAND: Huntsville Property Sale to L. Hamilton for $350K OK'd RELIABLE RENTAL: Case Summary & 20 Largest Unsecured Creditors RIVERLIGHT DEVELOPMENT: Seeks Chapter 11 Bankruptcy in Florida SAFECO CONSTRUCTION: Voluntary Chapter 11 Case Summary SAN FRANCISCO ARCHDIOCESE: Pursues Talks to Confirm Chapter 11 Plan SANTIAM HOSPITAL: Faces Cash Crunch, Seeks Emergency Merger OK SCILEX HOLDING: SCLX Discloses 11.4% Equity Stake SEA OAKS: Hires K&L Gates LLP as Bankruptcy Co-Counsel SEA PALMS: Seeks to Hire K&L Gates LLP as Co-Counsel SEATON INVESTMENTS: Hires United Real Estate as Real Estate Broker SELINA HOSPITALITY: Saba Capital Virtually Writes Off $4.9MM Bond SENTIENT BRANDS: Ex-Managers Surrender 455,496 Shares SILICON VALLEY: Ex-Treasurer Denies Taking Risky Steps SMILES DENTISTRY: Hires Latham Luna as Bankruptcy Counsel SOBR SAFE: Ends Alcohol Unit, Targets $1.2M Annual Savings SOUTH BRONX: S&P Lowers Revenue Bond Long-Term Rating to 'B-' ST DESIGN: Case Summary & Three Unsecured Creditors STEVE CLARK: Seeks to Extend Plan Exclusivity to July 22 STG LOGISTICS: Exits Ch. 11 Bankruptcy After Cutting About $B Debt SYSTEMATIC AUDIO: Hires DLA Piper LLP as Bankruptcy Counsel SYSTEMATIC AUDIO: Hires Moore & Van Allen as Bankruptcy Counsel SYSTEMATIC AUDIO: Taps Ryan Strubeck of Ankura Consulting as CRO TAYLOR CONSTRUCTION: Hires Rafool & Bourne as Bankruptcy Counsel TERRA LAKE: To Sell Apartment Complex to B.I.G. Real Estate THERAPY TREE: Commences Chapter 11 Bankruptcy in Arizona THERAPY TREE: Voluntary Chapter 11 Case Summary THL PARTNERS: Starts $1.5B Debt Restructuring Talks TRACES OF TIGER: Tamara Miles Ogier Named Subchapter V Trustee TRAWS PHARMA: May Sell Up to $5.58 Million in Stock TREE HOUSE: Hires C. Daniel Roberts PC as Counsel UMBRELLA PROJECT: Hires Lane Law Firm PLLC as Counsel UPSHOT BREWING: Court OKs Brewery Assets Sale to Parlay 6 for $110K UPTON ASSETS: Seeks to Hire Eric Terry Law as Independent Manager US HOLDINGS: Jonathan Dickey Named Subchapter V Trustee VERITONE INC: Holders Approve Authorized Common Share Hike to 225M VIVAKOR INC: Agrees to Issue 3.74 Million Dividend Shares WALNUT RIDGE: Hires Bartos Financial Services as Accountant WATCHTOWER FIREARMS: Hires McCathern PLLC as Special Counsel WESTVIEW BAPTIST: Seeks to Hire Canty Legal Group as Attorney WHITE ASH: Hires Circle Real Estate as Real Estate Broker WHITE ASH: Seeks to Hire Saeed & Little LLP as Bankruptcy Counsel WHITE WILSON: Seeks to Hire Timothy Rogers as Tax Preparer WHOLESALE PROPERTY: Hires Fusillo Law PLLC as Special Counsel WHOLESALE PROPERTY: Hires Mickler & Mickler as Bankruptcy Counsel WORLD FOOD: Initiates Chapter 11 Bankruptcy in Florida Z SQUARED: Extends Skycore Talks, Drops $500,000 Fee ZIVIEA INC: Unsecured Creditors to Split $28K over 12 Months [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 1925 N BRUNSWICK: Seeks Chapter 11 Bankruptcy in New York --------------------------------------------------------- On July 13, 2026, 1925 N Brunswick LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. The Chapter 11 plan and disclosure statement are due by Nov. 10, 2026. About 1925 N Brunswick LLC 1925 N Brunswick LLC is a Brooklyn, New York-based single-asset real estate company engaged in the ownership and leasing of residential real estate. The company operates as a lessor of residential properties. Court documents do not specify the reasons for the Chapter 11 filing. 1925 N Brunswick LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43382) on July 13, 2026. In its petition, the debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Jil Mazer-Marino handles the case. 43 LAUREL: Scott Rever Named Subchapter V Trustee ------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Scott Rever, Esq., at Genova Burns, LLC as Subchapter V trustee for 43 Laurel Avenue, LLC. Mr. Rever 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. Rever declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Scott S. Rever, Esq. Genova Burns LLC 110 Allen Rd., Suite 304, Basking Ridge, NJ 07920 Telephone: (973) 387-7801 Email: Rever@genovaburns.com About 43 Laurel Avenue LLC 43 Laurel Avenue, LLC is an East Orange, New Jersey-based residential real estate company that operates as a single-asset real estate entity. The company's principal business consists of owning and managing a residential duplex in Trenton, New Jersey, which was listed for sale shortly before the Chapter 11 filing as part of its restructuring efforts. 43 Laurel Avenue sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-17417) on June 28, 2026. In its petition, the Debtor reported between $100,000 and $500,000 in both assets and liabilities. Honorable Stacey L. Meisel handles the case. The Debtor is represented by: Douglas Mitchell, Esq. Mitchell Law Offices PC 17 Academy Street, Suite 305 Newark, NJ 07102 Phone: 973.761.3000 douglas@lawyermitchell.com 63 SPRING LAFAYETTE: Property Sale Proceeds to Fund Plan Payments ----------------------------------------------------------------- 63 Spring Lafayette, LLC, filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing Plan of Liquidation dated July 6, 2026. The Debtor is a New York limited liability company. The Debtor owns, in fee simple, the real property located at 63 Spring Street, New York, New York 10012 (the "Property"). The Property is a mixed-use five-story building located in the SoHo neighborhood in Lower Manhattan, a sought-after district with a high level of pedestrian traffic. When the Property was purchased, it housed a bodega and Mexican restaurant as well as several live/work residential units. It has since undergone a renovation of approximately $5,000,000 consisting of a sizable redevelopment and a thorough property renovation, including a new facade and roof, grade A appliances throughout the building, central heating and cooling, and sprinklers. It is currently leased to Baked by Melissa (Baked Fourteenth LLC) and The Green Room by Blank Street (Blank Street Inc.), and also contains four high-end residential units, a billboard leased to Outdoor Media Holdings, and a cell tower leased to Nextel of New York, Inc. On or about February 16, 2022, the CMBS Trustee commenced a commercial mortgage foreclosure action against the Debtor and Terzi in the Supreme Court of the State of New York, County of New York, styled Wells Fargo Bank, National Association, as Trustee v. 63 Spring Lafayette, LLC, et al., bearing Index No. 850042/2022 (the "Foreclosure Action"). Prior to the filing of this Chapter 11 case, the Property was subject to a receivership (the "Receivership") arising from the foreclosure action, administered by Jacklene M. Chesler of Colliers International, as court appointed receiver (the "Receiver"), with Sills Cummis & Gross P.C. serving as counsel to the Receiver. The Receiver engaged Colliers International Real Estate Management Services to manage the Property. The Debtor is pursuing a value-maximizing sale of the Property (the "Sale") under a plan of liquidation. The Debtor has engaged Northgate Real Estate Group, one of the nation's leading brokers of bankruptcy and distressed real estate, and, on July 6, 2026, filed an application seeking Bankruptcy Court approval of Northgate's retention pursuant to sections 327(a) and 328(a) of the Bankruptcy Code. On July 6, 2026, the Debtor filed a motion seeking to establish certain bidding procedures and to approve the sale of the Property (the "Sale Motion"). Class 5 consists of General Unsecured Claims. Holders of Allowed General Unsecured Claims will receive their pro rata share of any Plan Funds available after full payment of Administrative Claims, Fee Claims, Class 1, Class 2, Class 3, Class 4, and administrative costs. Class 5 Claims are impaired. As such, holders of General Unsecured Claims are entitled to vote to accept or reject the Plan. Class 6 consists of Existing Equity Interests. All Allowed Existing Equity Interests shall be cancelled, and holders of such Interests will receive any remaining funds from the Debtor after all senior Classes are paid in full. Class 6 Interests are impaired and deemed to reject the Plan. The Plan will be funded from the proceeds of the Sale of the Property. The Debtor has engaged Northgate Real Estate Group as its real estate broker, subject to Bankruptcy Court approval under sections 327(a) and 328(a) of the Bankruptcy Code, to market and sell the Property, subject to higher and better offers. Northgate's commission is structured as a buyer's premium equal to three percent of the gross purchase price on a sale to a third-party purchaser, and two and one-half percent of the bid in the event the Lender credit bids and acquires the Property, in each case payable by the purchaser. Because the sale will be consummated under the confirmed Plan, it will be exempt from New York State and New York City transfer taxes pursuant to section 1146(a) of the Bankruptcy Code. The net proceeds of the Sale will be distributed to holders of Allowed Claims in accordance with their priorities under the Plan. A full-text copy of the Disclosure Statement dated July 6, 2026 is available at https://urlcurt.com/u?l=72Pa3F from PacerMonitor.com at no charge. Counsel to the Debtor: Eric H. Horn, Esq. David S. Salhanick, Esq. Eva M. Thomas, Esq. A.Y. STRAUSS LLC 290 West Mount Pleasant Avenue, Suite 3260 Livingston, NJ 07039 Telephone: (973) 287-5006 Facsimile: (973) 533-0217 About 63 Spring Lafayette 63 Spring Lafayette, LLC, is a single-asset real estate company that owns a mixed-use property at 63 Spring Street in New York, New York, comprising residential and commercial space. 63 Spring Lafayette filed a Chapter 11 petition (Bankr. D.N.J. Case No. 26-12619) on March 10, 2026, with between $10 million and $50 million in both assets and liabilities. Judge Christine M. Gravelle oversees the case. Eric H. Horn, Esq., at A.Y. Strauss, LLC, is the Debtor's legal counsel. A SNEAKER CITY: Case Summary & 11 Unsecured Creditors ----------------------------------------------------- Debtor: A Sneaker City Albany Inc. 27 Alvina Blvd Albany, NY 12203 Business Description: A Sneaker City, founded in 2018, sells sneakers, streetwear, apparel, accessories, and sneaker-care products online and through physical store locations. The company offers products in sizes ranging from infants to adults and provides customer assistance online and in stores. Its headquarters are in Albany, New York. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court Northern District of New York Case No.: 26-10773 Judge: Hon. Patrick G. Radel Debtor's Counsel: Michael Boyle, Esq. BOYLE LEGAL LLC 64 2nd Street Troy, NY 12180 Tel: 518-407-3121 Fax: 518-516-5075 E-mail: mike@boylebankruptcy.com Total Assets: $47,636 Total Liabilities: $2,382,581 The petition was signed by Brandon Gutierrez as president. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FXVPT6A/A_Sneaker_City_Albany_Inc__nynbke-26-10773__0001.0.pdf?mcid=tGE4TAMA AG GROUP INVESTMENTS: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------------------ On July 13, 2026, AG Group Investments LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Florida. According to court filings, the debtor reports between $1 million and $10 million in liabilities owed to 1 to 49 creditors. A meeting of creditors under Section 341(a) be Held on August 21, 2026 at 02:00 PM by TELEPHONE. About AG Group Investments LLC AG Group Investments LLC is a North Miami, Florida-based real estate investment and holding company focused on luxury residential real estate opportunities in South Florida. The company’s portfolio has included interests in properties at Paramount Miami Worldcenter and other high-end residential assets. The company has also been involved in real estate-related litigation and foreclosure matters. AG Group Investments LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19146) on July 13, 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 Peter D. Russin handles the case. The debtor is represented by Zach B. Shelomith, Esq. AIR AUTHORITY: Seeks Subchapter V Bankruptcy in Texas ----------------------------------------------------- On July 13, 2026, Air Authority 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 owed to 1 to 49 creditors. The deadline to file the Chapter 11 Small Business Subchapter V plan is Oct. 13, 2026. About Air Authority LLC Air Authority LLC is a San Antonio, Texas-based provider of HVAC and air conditioning services serving residential and commercial customers throughout the San Antonio and Houston metropolitan areas. The company specializes in heating, ventilation and air conditioning installation, maintenance and repair services. Air Authority LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-51896) on July 13, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Aubrey L. Thomas handles the case. The debtor is represented by Robert Chamless Lane, Esq., of The Lane Law Firm PLLC. ALL THINGS PRETTY: Seeks Chapter 11 Bankruptcy in New York ---------------------------------------------------------- On July 13, 2026, All Things Pretty & Positive, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities owed to 1-49 creditors. About All Things Pretty & Positive, LLC All Things Pretty & Positive, LLC is a Brooklyn, New York-based real estate investment company operating as a single-asset real estate business. The company is focused on managing and preserving its primary real estate asset while restructuring its financial obligations. Court records indicate the Chapter 11 filing follows ongoing foreclosure proceedings involving its Brooklyn property. All Things Pretty & Positive, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43389) on July 13, 2026. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $500,000 and $1 million. AQUABOUNTY TECHNOLOGIES: Board Decides Against Reverse Stock Split ------------------------------------------------------------------ AquaBounty Technologies, Inc. disclosed in a regulatory filing that the Board of Directors considered whether to implement the Proposed Reverse Stock Split and, after evaluating the Company's current circumstances, determined not to effect the Proposed Reverse Stock Split at this time. The Board has concluded that the Proposed Reverse Stock Split is not in the best interests of the Company and its stockholders. The authority granted by the Company's stockholders to effect the Proposed Reverse Stock Split will expire on July 31, 2026 without having been exercised by the Board. Accordingly, no amendment to the Company's Certificate of Incorporation will be filed in connection with the Proposed Reverse Stock Split, and no further action with respect to the Proposed Reverse Stock Split will be taken. As previously reported in a Form 8-K dated June 25, 2026, at the Annual Meeting of Stockholders held on June 23, 2026, the Company's stockholders approved a proposal granting the Board discretionary authority to effect a reverse stock split of the Company's common stock, par value $0.001 per share, at a ratio ranging from 1-for-5 to 1-for-20, inclusive, with such ratio and the timing of the reverse stock split, if any, to be determined by the Board in its sole discretion, but in no event later than July 31, 2026. About AquaBounty AquaBounty Technologies, Inc., headquartered in Harvard, Massachusetts, develops genetically engineered Atlantic salmon and previously operated farms in Indiana and Canada, which it has sold along with associated intellectual property, trademarks, and patents. Its primary remaining asset is the Ohio Farm Project in the U.S., consisting of land, construction in progress, and equipment. The Company is focused on realizing the potential of this asset through new investment, partnerships, or other strategic options. In its audit report dated March 31, 2026, Deloitte & Touche LLP issued a "going concern" qualification citing that the Company has limited operating assets and incurred cumulative net losses that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $10.2 million in total assets, $12.4 million in total liabilities, and $2.1 million in total stockholders' deficit. ASB CERA: Hires Law Office of Michael D. Pinsky as Counsel ---------------------------------------------------------- ASB Cera Realty LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Law Office of Michael D. Pinsky, PC as counsel. The firm will provide these services: (a) give legal advice regarding the powers and duties of a debtor in possession in the continued operation of its business and the appropriate management of estate property; (b) preparation of all records and reports as required by the Bankruptcy Rules and the Local Bankruptcy Rules of the Southern District of New York, and the operating guidelines of the Office of the United States Trustee; (c) assist in the determination of the value of property of the estate, the treatment of secured debt, the resolution of claims, the defense of motions for modification of the automatic stay, the provision of adequate protection; the disposition of property; and the treatment of claims in connection with a Chapter 11 plan of reorganization; (d) negotiation and preparation of all necessary and appropriate applications and proposed orders to be submitted to the Court, including without limitation applications for the use of cash collateral, the retention of professionals; payment of critical vendors; maintenance of utility service; the sale of estate property; post-petition financing; and other applications pertinent to the successful resolution of this case; (e) examination of proofs of claim and the prosecution of objections to certain of such claims; (f) providing advice and preparing documents in connection with reorganization, including the formulation and preparation of a disclosure statement and plan of reorganization; (g) representing the estate's interest in adversary proceedings; and (h) all other matters reasonably necessary to restructure the Debtor's indebtedness and reorganize its financial affairs in this case. The firm's hourly rates are as follows: Attorney $500 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. Michael Pinsky, Esq., the firm's principal, 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: Michael D. Pinsky, Esq. Law Office of Michael D. Pinsky, PC 463 Canopy Forest Drive Saint Augustine, FL 32092 Telephone: (845) 467-1602 Facsimile: (845) 684-0547 Email: michael.d.pinsky@gmail.com About ASB Cera Realty LLC SB Cera Realty, LLC is a single-asset real estate company that owns and leases a commercial property at 53 Smith Road in Middletown, New York. ASB Cera Realty LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-35681) on June 26, 2026. At the time of the filing, the company had estimated assets of between $10,000,001 and $50 million and estimated liabilities of between $1,000,001 and $10 million. Law Office of Michael D. Pinsky, P.C. is the company's legal counsel. ASHFORD HOSPITALITY: Sells Marriott Fremont Silicon Valley for $53M ------------------------------------------------------------------- Ashford Hospitality Trust, Inc. disclosed in a regulatory filing that Ashford Fremont LP and Ashford TRS Fremont LLC, indirect wholly owned subsidiaries of the Company, completed the sale of the Marriott Fremont Silicon Valley located in Fremont, California pursuant to an Agreement of Purchase and Sale, dated as of June 19, 2026, by and between Ashford Fremont LP and Ashford TRS Fremont LLC, as seller, and SRE Acquisitions V, LLC, as purchaser, for $53 million in cash, subject to customary pro-rations and adjustments. About Ashford Hospitality Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels. Dallas, Texas-based BDO USA, P.C., the Company's auditor since 2015, issued a "going concern" qualification in its report dated March 20, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that the Company has final debt maturities within one year from the date the financial statements are issued, which raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, Ashford had $2.6 billion in total assets, $3 billion in total liabilities, and a total stockholders' deficit of $695.2 million. As of March 31, 2026, the Company had total indebtedness of $2.4 billion included $2.2 billion of variable-rate debt. ASN INVESTMENT: Richard Furtek Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Richard Furtek of Furtek & Associates, LLC as Subchapter V trustee for ASN Investment Group, LLC. Mr. Furtek will be paid an hourly fee of $325 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Furtek declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Richard E. Furtek Furtek & Associates, LLC Lindenwood Corporate Center 101 Lindenwood Drive, Suite 225 Malvern, PA 19355 Phone: (215) 768-8030 Email: rfurtek@furtekassociates.com About ASN Investment Group LLC ASN Investment Group, LLC is engaged in activities related to real estate. ASN Investment Group filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-12857) on July 6, 2026, with $500,001 to $1 million in assets and $1 million to $10 million in liabilities. Judge Derek J. Baker presides over the case. Ronald G. McNeil, Esq., at Mcneil Legal Services represents the Debtor as bankruptcy counsel. ASTRO ACQUISITION: Fitch Affirms 'B' LongTerm IDR, Outlook Stable ----------------------------------------------------------------- Fitch Ratings has affirmed Astro Acquisition, LLC's (dba Cooper Machinery Services [Cooper]) Long-Term Issuer Default Rating (IDR) at 'B'. Fitch has also affirmed Cooper's senior secured Term Loan and revolver at 'B+' with a Recovery Rating of 'RR3'. The Rating Outlook is Stable. Cooper's 'B' rating reflects its stable operating performance, highly recurring aftermarket revenue, and strong margins and free cash flow (FCF) generation. Cooper benefits from a defensible niche position, supported by its OEM status and vertically integrated service capabilities across its large installed base. These strengths are partly offset by its small scale, limited growth prospects and lack of end-market diversification. Fitch expects Cooper's entrenched and stable market position, along with tuck-in acquisitions and continued penetration of third-party OEM installed base, to support gradual improvement in credit metrics. Key Rating Drivers Stable Operating Performance: Cooper's performance remained stable in 2025, with low-single-digit proforma revenue growth and broadly flat earnings despite some margin pressure from tariffs and a temporary mix shift. Performance was supported by resilient U.S. demand, continued pricing actions. Fitch also notes favorable early-2026 momentum, with 1Q26 orders up 28% from the prior year, which should support another strong year of operating performance. Debt repricing in May 2026 reduced interest burden and improved EBITDA interest coverage to the high-2.0x range. Strong Margins, Limited Capital Intensity: Fitch expects Cooper to maintain EBITDA margins in the low-30% range, supported by its high-margin aftermarket revenue mix and pricing power. Modest capital spending requirements should continue to support FCF margins in the low teens, which Fitch views as strong for the rating category and supportive of financial flexibility. Fitch views tuck-in acquisitions favorably where they enhance technological capabilities, increase parts content, or expand addressable aftermarket content, although execution risk and funding discipline could affect the credit profile. Highly Recurring Maintenance Business: Fitch views Cooper's revenue profile as highly recurring, supported by its long-lived installed base of natural gas transmission equipment. It derives approximately 98% of revenue from aftermarket activities. Demand is largely non-discretionary because gas transmission and related infrastructure operate continuously in harsh environments and ongoing maintenance, overhauls, and upgrades are necessary to preserve reliability and minimize costly downtime, supporting strong revenue visibility. Proprietary Offerings Support Defensible Niche: Cooper's market position is supported by its OEM status, extensive intellectual property portfolio, and the critical nature of the parts and services it provides to its installed base. The risk from reverse-engineered third-party parts is mitigated by more than 200 patents and by customer reluctance to use untested alternatives due to the risk of equipment failure and warranty concerns. Cooper also benefits from an entrenched position across its installed base of more than 10,000 Cooper OEM units. Vertical Capability Strengthens Competitive Positioning: Cooper's vertically integrated model enables a broad service offering across parts, upgrades, shop repair, field service, and equipment as a service. This differentiates the company from competitors that are either parts suppliers reliant on distributors or independent repair providers without manufacturing capabilities. The model supports customer retention, enhances control over quality and lead times, and contributes to a favorable mix of higher-margin aftermarket parts and upgrades. Narrow End-Market, Limited Growth Prospects: Cooper's focus on compressors and engines serving mature natural gas infrastructure markets limits its growth prospects relative to more diversified industrial peers with exposure to broader end-market expansion. Fitch expects growth to remain modest and driven primarily by pricing, recurring aftermarket demand, share gains, and opportunities associated with major overhauls, emissions-related upgrades, and selective expansion beyond Cooper's core OEM fleet. Peer Analysis Cooper's strong cash flow profile, supported by its highly defensible market position, is comparable to peers in the Diversified Industrials, such as Hobbs & Associates, LLC (B+/Stable), and WEC US Holdings Ltd (B+/Stable). Cooper's stronger aftermarket exposure and stronger profitability compared to Hobbs and WEC US is more than offset by its weaker leverage and coverage metrics, resulting in Cooper's rating being one notch lower than them. Fitch’s Key Rating-Case Assumptions - Organic revenue grows by low to mid-single digits annually over the forecasted period; - EBITDA margins in the low-30% range over the forecast horizon; - The company will pursue bolt-on M&A that are margin-supportive, on an opportunistic basis; - No dividends. 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 ('b+', Higher), market and competitive positioning ('bb+', Moderate), diversification and asset quality ('bb-', Moderate), company operational characteristics ('b+', Moderate), profitability ('a+', Lower), financial structure ('b', Higher), and financial flexibility ('b+', Moderate). The quantitative financial subfactors are based on custom CRT financial period parameters: 40% weight for the forecast year 2026, 40% for the forecast year 2027 and 20% for the forecast year 2028. 'B+' to 'CC' considerations apply in its analysis and have no impact. The governance assessment of 'good' has no impact. The operating environment assessment of 'a+' 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 KEY RECOVERY RATING ASSUMPTIONS - The recovery analysis assumes that Cooper would be reorganized as a going-concern (GC) in bankruptcy rather than liquidated; - Fitch has assumed a 10% administrative claim. GC Approach The GC EBITDA estimate reflects Fitch's view of a sustainable, post-reorganization EBITDA level upon which Fitch bases the enterprise valuation. The $91 million GC EBITDA assumes degraded relationships and the corresponding loss of its top three customers. Fitch assumes revenue falls by over 20% and EBITDA margin deteriorates to 30%. An enterprise valuation multiple of 6.0x EBITDA is applied to the GC EBITDA to calculate a post-reorganization enterprise value. The multiple considers the company's proprietary, mission-critical and vertically integrated product offering, entrenched market position with high barriers to entry and the meaningful value derived from its decades-long relationship with customers, as well as valuation multiples for other comparable companies in the sector. The revolving credit facility is assumed to be fully drawn. The secured credit facility and term loan are pari passu and receive equal priority in the distribution of value in the recovery waterfall. The recovery rating analysis results in a 'B+'/'RR3' recovery for the secured debt. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Weakening profitability and cash flow profile, leading to EBITDA coverage sustained below 2.0x and (CFO-capex)/debt below 2.5%; - Shift to a more aggressive financial policy or acquisition strategy, leading to EBITDA leverage sustained above 6.5x. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Improved financial profile, leading to EBITDA coverage sustained above 2.5x and (CFO-capex)/debt above 5%; - Demonstrated commitment to financial policy, supporting EBITDA leverage maintained below 5.0x; - Increased market share, driven by successful penetration of the non-Cooper installed base. Liquidity and Debt Structure Cooper's debt structure consists of a $120 million senior secured revolver (undrawn) and a $700 million senior secured term loan B. The term loan will amortize at 1% per year and mature in 2032. Debt repricing in May 2026 reduced interest burden and improved EBITDA interest coverage to the high-2.0x range. Issuer Profile Astro Acquisition, LLC (dba Cooper Machinery Services) is a proprietary aftermarket parts and services provider in the natural gas transmission industry, based in Houston, TX. 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 2025 revenue-weighted Climate.VS for Cooper for 2035 is 42 out of 100. This reflects a VSp of 20 and a VSt of 40, suggesting low exposure to climate-related risks in that year. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- Astro Acquisition, LLC LT IDR B Affirmed B senior secured LT B+ Affirmed RR3 B+ AUTOWERKS CSTX: Commences Chapter 11 Bankruptcy in Texas -------------------------------------------------------- On July 13, 2026, Autowerks CSTX, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 1-49 creditors. About Autowerks CSTX, LLC Autowerks CSTX, LLC is a College Station, Texas-based automotive repair and maintenance company specializing in European luxury vehicles. The business services Audi, BMW, Porsche, and other premium brands from its Victoria Avenue facility. It also operates the Hail Haus paintless dent repair division and employs approximately three to five people. Founded in 1975, the company has served the Brazos Valley region as an independent alternative to dealership service centers for more than 50 years. Autowerks CSTX, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35062) on July 13, 2026. In its petition, the Debtor reported estimated assets between $50,000 and $100,000 and estimated liabilities between $1 million and $10 million. Honorable Eduardo V. Rodriguez handles the case. The Debtor is represented by Robert C. Lane, Esq., of The Lane Law Firm PLLC. AVANTGARDE SENIOR: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- AvantGarde Senior Living and Adelman Tarzana Investments, LLC received interim approval from the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, to use cash collateral. Under the interim order, the Debtors are authorized to use cash collateral to fund operations based on a court-approved budget, subject to a 10% variance. AvantGarde operates AvantGarde Senior Living of Tarzana, a licensed residential care facility located in Tarzana, California, while Adelman owns the real property on which the facility operates. AvantGarde leases the property from Adelman, which uses the rental payments to service its mortgage obligations. A 2021 appraisal valued the real property and facility at approximately $39.2 million. Moreover, a market analysis prepared by Northmarq, a national commercial real estate brokerage firm tapped to market the Tarzana facility, estimated the value of the facility and business at approximately $45.8 million. The Debtors believe they will receive at least $41 million from a sale, sufficient to satisfy all valid secured claims. Both Debtors believe that PGIM Real Estate Financing, LLC has a potential security interest in their cash collateral. Meanwhile, AvantGarde disputes the Internal Revenue Service's asserted tax claims, which total approximately $1.29 million and remain subject to a pending IRS collection due process appeal that has been unresolved for more than a year. Adelman obtained a mortgage loan from PGIM in the original principal amount of approximately $31.3 million, secured by a deed of trust on the real property. Although AvantGarde was not a borrower, it granted PGIM a separate security interest in its assets. Adelman defaulted on its monthly mortgage obligations of roughly $165,000 before the bankruptcy filing. The parties dispute the amount of the default, with Adelman estimating arrearages of approximately $1.1 million while PGIM claims the default exceeds $2.6 million. Regardless of the precise amount, the Debtors contend that PGIM's collateral has a value exceeding $41 million, providing it with a substantial equity cushion. PGIM and any potential secured creditor will be granted adequate protection through superpriority administrative expense priority claims and replacement liens on the Debtors' assets, with the same validity, priority and extent as their pre-petition liens. These replacement liens do not apply to Chapter 5 avoidance action claims. The Debtors' authority to use cash collateral terminates on July 23 at 1:30 p.m., or immediately upon the occurrence of any of the following: (i) conversion of the Debtors' bankruptcy cases to Chapter 7; (ii) appointment or election of a trustee, examiner, or similar fiduciary with powers beyond investigatory alone; (iii) dismissal of the cases; (iv) entry of an order staying, modifying or reversing the interim order; (v) entry of an order granting relief from the automatic stay to permit a third party to proceed against collateral or cash collateral; or (vi) the Debtors' failure to comply with the terms of the interim order. The order is available at http://bankrupt.com/misc/AvantGarde_ICCOrder42.pdf The court scheduled a final hearing for July 23 and set a July 22 deadline for filing objections. The Debtors' Chapter 11 filings were precipitated by PGIM's April 14 California state court action seeking the appointment of a receiver over the real property and senior living facility. AvantGarde generated approximately $8 million in gross revenue in 2025 and approximately $7.5 million in 2024, demonstrating that the facility remains a viable operating business. The Debtors believe they can successfully reorganize by maintaining uninterrupted operations while marketing and selling the property. They intend to use continuing operating revenue together with sale proceeds to satisfy creditors and formulate a confirmable Chapter 11 plan. About Avantgarde Senior Living Avantgarde Senior Living operates senior housing and assisted living communities in Tarzana, California, offering residential care services for elderly individuals. Adelman Tarzana Investments, LLC owns the real property on which the facility operates and leases such property to Avantgarde. Avantgarde and Adelman sought Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. C.D. Calif. Lead Case No. 26-11397) on June 29, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Martin R. Barash oversees the cases. The Debtors are represented by Ron Bender, Esq., at Levene, Neale, Bender, Yoo & Golubchik L.L.P. BARCELONA BEST: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Debtor: Barcelona Best Living, LLC 1412 Main St., Ste 500 Dallas, TX 75202 Business Description: Barcelona Best Living is a single-asset real estate company that owns Barcelona Apartments, a multifamily apartment property in Tulsa, Oklahoma. Chapter 11 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-33093 Debtor's Counsel: Joyce Lindauer, Esq. LINDAUER & VAUGHN 117 S. Dallas St. Ennis TX 75119 Tel: (972) 503-4033 Email: joyce@joycelindauer.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Marc Kulick as authorized signer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5M34XGQ/Barcelona_Best_Living_LLC__txnbke-26-33093__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Pro Flooring $30,241 71070 S 4769 Rd Westville, OK 74965-5118 Tel: (479) 439-2207 2. Saldierna Remodeling $29,660 PO Box 582061 Tulsa, OK 74158-2061 Tel: (832) 512-9033 3. KBE Cleaning, LLC $19,860 46 S 104th East Ave Tulsa, OK 74128-1200 Tel: (918) 576-4130 4. Johnstone Supply of Tulsa, Inc. $12,825 9955 E 55th Pl Tulsa, OK 74146 Tel: (918) 664-1990 5. Paragon Tree Care, LLC $10,800 10321 S Lynn Lane Rd Broken Arrow, OK 74011 Tel: (918) 600-8782 6. City of Tulsa Utilities $9,708 Utilities Department Tulsa, OK 74187 7. Countertop and Cabinet Solutions $9,400 27018 Blanco Rd San Antonio, TX 78260-5166 Tel: (830) 980-1534 8. Lowe's Pro MSH $8,167 PO Box 301451 Dallas, TX 75303-1451 9. H&A Investments LLC $8,150 801 W Abi Rd Washington, OK 73093-9704 Tel: (405) 312-4344 10. Empire Protection Services $5,460 14083 S State Highway 51 # 134 Coweta, OK 74429-7100 11. Zeffert & Associates, Inc. $4,125 PO Box 16792 Atlanta, GA 30321-0792 Tel: (314) 514-7711 12. Public Service Company of Oklahoma $3,985 PO Box 371496 Pittsburgh, PA 15250-7496 13. Accent Restoration, LLC $3,628 6972 E 38th St. Suite 200 Tulsa, OK 74145 Tel: (918) 286-8510 14. Glass Man Wade, LLC $3,545 505 W Pine St Coweta, OK 74429-2141 Tel: (918) 688-8815 15. T's Cleaning Services $3,470 3136 N Iroquois Ave Tulsa, OK 74106-1910 Tel: (918) 798-5989 16. Brothers M Construction $2,940 65 N 121st East Ave Tulsa, OK 74116-3839 Tel: (918) 951-2048 17. Conservice LLC $2,838 PO Box 4696 Logan, UT 84323-4696 18. Murray Electric and Plumbing $2,634 1801 W Detroit St Broken Arrown, OK 74012 Tel: (918) 209-3830 19. Rent Dynamics $2,391 Dept Z385 PO Box 30015 Salt Lake City, UT 84130 Tel: (855) 494-0777 20. Tulsa Wildlife and Pest $2,304 4005 E 96th St N Sperry, OK 74073-4507 Tel: (918) 230-1671 BENNING & G: Seeks to Hire Realty One Group as Real Estate Broker ----------------------------------------------------------------- Benning & G Street, LLC seeks approval from the U.S. Bankruptcy Court for the District of Columbia to employ Dean Hunter and Russ Brown of Realty One Group Performance as realtors. The realtors will sell the real property identified as 4951 - 4957 G Street SE, Washington, DC 20019. The professional services rendered by the realtors include: marketing the property, meeting with prospective purchasers, drafting sales contracts, providing advice on the value of the Property, and any other service which may be reasonably necessary to consummate the sale of the property. The commission to the realtors is 5% on any sale procured by the Realtors. This is a discount from realtor's usual commission and the market rate commission. The Realtors would pay a 2% commission with any agent for a buyer. As disclosed in the court filings, Realty One Group Performance represents no interest adverse to the Debtor-In-Possession or the estate in the matters upon which they are to be engaged. The realtors can be reached through: Dean Hunter Russ Brown Realty One Group Performance 101 Mercantile Ln, Suite 201 Upper Marlboro, MD 20774 Phone: (240) 583-1183 About Benning & G Street, LLC Benning & G Street, LLC is a real estate company engaged in property ownership, development, and investment activities. Benning & G Street, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00248) on May 13, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Elizabeth L. Gunn handles the case. The Debtor is represented by William C. Johnson, Jr., Esq. of The Johnson Law Group, LLC. BEUSA INVESTMENTS: S&P Assigns 'B+' ICR, Outlook Stable ------------------------------------------------------- S&P Global Ratings assigned its 'B+' issuer credit rating to Beusa Investments LLC. S&P said, "We also assigned our 'B' issue-level rating to the proposed notes. The recovery rating of '5' indicates our expectation for modest (10%-30%; rounded estimate 15%) recovery in the event of a payment default. "The stable outlook reflects our expectation that Beusa will continue to execute on its Evolution (EVO) business, maintaining high utilization rates, while increasing its activity in its Accelerated Mobile Power (AMP) segment. We forecast average debt to EBITDA of 1.5x-2.0x and funds from operations (FFO) to debt of around 45% in 2026, improving to about 1.5x debt to EBITDA and 60% FFO to debt in 2027." Beusa, a private U.S.-based provider of distributed power solutions, electric pressure pumping services, and manufacturing, has launched an offering of $600 million senior unsecured notes due 2031. S&P expects the company to use the proceeds to repay borrowings on its credit facility, to fully repay and terminate each of the Evolution MLSA, the AMP Unsecured Note, the Oracle Credit Facility and the Mertz Equipment Term Loan, and for general corporate purposes. S&P assigned its 'B+' issuer credit rating to Beusa. The rating reflects the company's current high concentration in the U.S. hydraulic fracturing (fracking) market. Beusa's Evolution (EVO) segment is a market leader in 100% electric fracturing (e-frac) and serves as the core earnings driver for Beusa, accounting for more than 90% of 2025 revenues. It is an innovation and technology leader that provides an integrated e-frac and power solution, utilizing a vertically integrated service model that includes e-frac, power generation, and gas conditioning. The company operates approximately 15 operational fleets and is the only 100% pure-play electric fleet operator, offering engineered solutions that include equipment to treat and process field gas, power generation, power distribution, electrical integration, and mechanical frac equipment. Beusa has long-term take or pay contracts expressed as minimum pumping hours, which support its credit profile. As of March 31, 2026, EVO's minimum contract backlog stood at $1.1 billion, providing greater revenue and cash flow visibility relative to similarly sized oilfield service peers, which generally operate under spot or short-term contracts. Additionally, the vast majority of the company's counterparties are investment-grade exploration and production (E&P) companies. Beusa's e-fleets are typically the last ones to be dropped by their customers in cyclical downturns, as S&P saw in 2020 when Beusa's fleet remained 100% utilized during the COVID-19 pandemic. That said, with only 15 fleets in the market, Beusa commands a small market share of the overall U.S. fracking market, which S&P Global Energy estimates at about 190 active fleets in June 2026. Beusa's growth potential is in its Accelerated Mobile Power (AMP) (power-as-a-service) segment and potentially in its Dynamis segment, should the company choose to sell its power packages rather than lease. AMP is a power-as-a-service provider that offers contract power generation services by leasing mobile power packages to customers. It provides meaningful diversification into high-growth distributed power markets, including energy infrastructure, industrial users, and data centers. This business offers quick, flexible, and reliable bridge and semi-permanent fixed power solutions, and it is characterized by a rapidly scaling mobile power fleet with high uptime and reliability. Dynamis is the mobile power engineering and design entity that serves as a growth engine for Beusa's expansion into mobile and distributed power solutions. It functions as an in-house engineering and manufacturing capability that produces premium power generation equipment, which is sold to both affiliates (Evolution and AMP) and third-party customers. Dynamis is responsible for packaging hypermobile power units and has a significant history in the industry. The uplift in our revenue and EBITDA forecast in 2027 is mostly related to a power unit that is already contracted for sale. In order for Beusa to complete its power packages it relies on turbines from third parties, in which the company has over 100 on order and is expected to receive from 2026-2032. However, besides what is contracted for sale in 2027, Beusa has a limited backlog in the segment going forward. While the potential for an increase in behind-the-meter (BTM) power demand is possible, and could result in increased stable demand for Beusa's products, there is limited track record of execution outside the company's core e-frac business. S&P said, "We forecast credit measures to be in-line for the current rating. We expect FFO to debt to average around 60% over the next two years and for debt to EBITDA to be 1.5x-2.0x. We expect the company to outspend cash flows in 2027 due to a ramp-up in capital spending to support growth in its AMP segment. We forecast modest distributions to its owner, although distributions are soley at the company's discretion. "We adjust the 'BB-' anchor score down one notch. The negative comparable rating analysis reflects the company's smaller base business (about 15 fleets currently) and uncertainty around the earnings growth we have projected for the mobile power solutions business in our base case scenario. Contracted revenues in the mobile power solutions business are about $100 million as of first-quarter 2026 against our base case, and we expect them to increase to about $725 million by 2028. The company plans to incur significant capital expenditure (capex) in 2027 and 2028 to rapidly scale its mobile power fleet and expects to secure contracts for this fleet over the next year. This segment also has higher margins and earnings growth and is driving EBITDA margin improvement and lower leverage in 2027 and 2028. Achieving these targets depends heavily on commercial excellence (new contract wins) and operational execution--factors we view as significant risks currently given the limited track record. "The stable outlook reflects our expectation that Beusa will continue to execute in its EVO segment, maintaining high utilization rates, while increasing its activity in its AMP segment. We project average debt to EBITDA will be 1.5x-2x and FFO to debt around 45% in 2026, improving to about 1.5x debt to EBITDA and 60% FFO to debt in 2027." S&P could lower the rating if FFO to debt sustains below 30%. This would most likely occur if: -- Utilization rates decline in the EVO segment; or -- Projected growth in the AMP segment does not materialize as expected. S&P could raise its rating if the company: -- Improves its scale of operations and establishes a track record in its AMP segment; and -- Maintains FFO to debt above 45% with positive free operating cash flow. BLUE IVY: Seeks to Hire Murphy & King as Bankruptcy Counsel ----------------------------------------------------------- Blue Ivy, LLC and Great Marsh Brewing Company seek approval from the U.S. Bankruptcy Court for the District of Massachusetts to hire Murphy & King, Professional Corporation as counsel. The firm's services include: a. advising the Debtor with respect to its rights, powers and duties as debtor-in-possession in the continued operation of its businesses and management of its assets; b. advising the Debtor with respect to any plan of reorganization and any other matters relevant to the formulation and negotiation of a plan or plans of reorganization in the case; c. representing the Debtor at all hearings and matters pertaining to its affairs as debtor and debtor-in-possession; d. preparing, on the Debtor's behalf, all necessary and appropriate applications, motions, answers, orders, reports, and other pleadings and other documents, and review all financial and other reports filed in this Chapter 1l case; e. advising the Debtor with respect to, and assisting in the negotiation and documentation of, financing agreements, debt and related transactions; f. reviewing and analyzing the nature and validity of any liens asserted against the Debtor's property and advising the Debtor concerning the enforceability of such liens; g. advising the Debtor regarding its ability to initiate actions to collect and recover property for the benefit of his estate; h. advising and assisting the Debtor in connection with the potential sale of the Debtor's assets; i. advising the Debtor concerning executory contract and unexpired lease assumptions, lease assignments, rejections, restructurings and recharacterization of contracts and leases; j. reviewing and analyzing the claims of the Debtor's creditors, the treatment of such claims and the preparation, filing or prosecution of any objections to claims; k. commencing and conducting any and all litigation necessary or appropriate to assert rights held by the Debtor, protect assets of the Debtor's Chapter l1 estate or otherwise further the goal of completing the Debtor's successful reorganization other than with respect to matters to which the Debtor retains special counsel; and l. performing all other legal services and providing all other necessary legal advice to the Debtor as debtor-in-possession which may be necessary in the Debtor's bankruptcy proceeding. The firm received a retainer in the amount of $22,039. D. Ethan Jeffery, a shareholder of Murphy & King, assured the court that the firm is a is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: D. Ethan Jeffery, Esq. Murphy & King, Professional Corporation One Beacon Street 28 State Street, Suite 3101 Phone: (617) 226-3415 Email: ejeffery@murphyking.com About Blue Ivy LLC Blue Ivy, LLC is a Massachusetts-based limited liability company engaged in business operations and investment activities. The company manages commercial interests and related assets. Blue Ivy, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11363) on June 9, 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 Janet E. Bostwick handles the case. The Debtor is represented by Conner B. Verreaux, Esq. of Murphy & King, P.C. BLUE SUN: Files Amendment to Disclosure Statement ------------------------------------------------- The Innovative Technologies Group & Co., LTD, a debtor affiliate of Blue Sun Scientific LLC, submitted a First Amended Disclosure Statement in support of Plan of Reorganization dated July 6, 2026. Since the Petition Date, the Debtor has continued to operate as a Debtor in possession subject to the supervision of the Bankruptcy Court and the United States Trustee's Office in accordance with the Bankruptcy Code. Upon receipt of notification that the stay had been lifted, Smith Duggan immediately notified the First Circuit so that the Appellate Proceedings could go forward. Since that time, the issues in the Appellate Proceedings have been fully briefed. The First Circuit had scheduled oral argument for May 7, 2026; however, on the eve of oral argument, KPM's lead appellate counsel was hospitalized and KPM requested a continuance of oral argument as a result. The Debtor consented to that request. Oral argument has been rescheduled to July 30,2026. Based upon its research of the law and the facts, Smith Duggan is beyond optimistic that the KPM Judgment will be reversed due to the District Court's clear lack of jurisdiction over the Debtor and Blue Sun, both of which had no connection to the Commonwealth of Massachusetts. Smith Duggan also believes that there are significant errors relating to the substantive issues in the case. If Smith Duggan is correct and the KPM Judgment is set aside, KPM will not hold any Claim against the Debtor in this case and Holders of Claims will receive substantially larger distributions upon confirmation of the Debtor's Plan than they otherwise would if KPM held an Allowed Claim. As the case progressed, and as the Debtor has faced more uncertainty in its battles with KPM in the bankruptcy case, the time came for the Debtor to determine whether to assume its lease with ITPROP. Given the uncertainty, and not necessarily requiring all of the space that it currently occupies, the Debtor elected not to assume the lease. Instead, the Debtor is occupying the Premises on a month-to-month basis at the same rate as it was paying under its lease with ITPROP going into the bankruptcy case. The Plan proposes that the Debtor will continue to operate its business and for a period of five years, use its Disposable Income to make distributions to Holders of Allowed Claims in the priority established by the Bankruptcy Code as set forth in more detail herein. After the Appellate Proceedings have been resolved, the existence and amount of KPM's Claim have been finally determined, and any other Claim Objections are resolved, the Debtor will distribute all cash of the estate to general unsecured creditors pro rata basis after the Administrative Claims, the Claims of Priority Creditors, and the claims of creditors with Claims of $2,500.00 or less have been paid in full. Like in the prior iteration of the Plan, each Holder of an Allowed General Unsecured Claim in Class 6 in an amount greater than $2,500.00, which would otherwise be an Allowed General Unsecured Claim in any other Class under the Plan, may voluntarily reduce its Claim to $2,500.00 and be treated as a Holder of an Allowed Unsecured Convenience Claim for purposes of this Plan. In full and complete satisfaction, discharge and release of the Class 6 Claims, the Debtor shall pay each Holder of a Class 6 Claim one hundred percent of its Allowed Claim, in full, without interest, within ninety days of the Effective Date. Class 6 is Impaired. Class 7 consists of the Allowed Non-priority Unsecured Claims including any wage claims that exceed $17,500.00 or that were earned more than 180 days prior to the Petition Date. In full and complete satisfaction, discharge and release of the Class 7 Claims, the Debtor shall pay each Holder of a Class 7 Allowed Claim, on a pro rata basis, pari passu, with the Allowed Class 8 Claim, on a quarterly basis, without interest, commencing the quarter immediately following the quarter when Class 6 Claims have been paid in full. Class 7 Claims will be paid from Disposable Income through and including the date that is five years after the Effective Date. Class 8 consists of the disputed Judgment Claim of KPM on account of the Judgment entered in the District Court. See Claim #5 in the amount of $10,130,176.42. The Debtor has appealed the judgment and that appeal remains pending. Class 7 is treated as disputed until resolution of the appeal. The Debtor scheduled KPM's Disputed Claim at $10,092,992.14 and KPM has filed its Proof of Claim 5 asserting a Claim of $10,130,176.42. To the extent that the Appellate Proceedings result in KPM holding an Allowed Claim, in full and complete satisfaction, discharge and release of the Class 8 Claim, the Debtor shall pay the Holder of the Class 8 Allowed Claim pari passu with the Allowed Class 7 Claims, on a quarterly basis, without interest, commencing the quarter immediately following the quarter when Class 6 Claims have been paid in full. The Class 8 Claim will be paid from Disposable Income through and including the date that is five years after the Effective Date. Within 14 days of the Effective Date, Mr. Wilt shall cause to be paid the first $5,000.00 of his Cash Infusion. On the same date for each of the following four years, Mr. Wilt shall cause to be paid an additional $5,000.00 to the Bankruptcy Estate for a total of $25,000.00. On the Effective Date, all of the assets of the Debtor shall vest in the Debtor, subject to the Liens and other obligations expressly created or preserved by this Plan, but otherwise free and clear of all other liens, claims, interests and encumbrances. All rights to manage the Debtor shall be vested in the Debtor, including any right to appeal the Confirmation Order. A full-text copy of the First Amended Disclosure Statement dated July 6, 2026 is available at https://urlcurt.com/u?l=d6gy68 from PacerMonitor.com at no charge. Counsel for The Innovative Technologies: Jeffrey M. Orenstein, Esq. Wolff & Orenstein, LLC 15245 Shady Grove Road, Suite 465 Rockville, Maryland 20850 (301) 250-7232 Email: jorenstein@wolawgroup.com About Blue Sun Scientific LLC Blue Sun Scientific LLC, a majority-owned subsidiary of Innovative Technologies Group and Co., develops, manufactures, distributes, and services analytical solutions for global markets, including agriculture, chemical, and food industries. The Company offers rapid, non-destructive analysis tools such as Phoenix NIR analyzers for applications in forage, animal feed, pet food, oilseeds, and plant breeding, supported by instruments, software, reagents, sample handling systems, training, and long-term services. Headquartered in Jessup, Maryland, it operates internationally through representatives and distributors in over 50 countries. Blue Sun Scientific LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-17998) on Aug. 29, 2025. In its petition, the Debtor reports total assets of $451,175 and total liabilities of $6,329,907. The Debtor tapped Maurice Verstandig, Esq., at The Belmont Firm as bankruptcy counsel and Smith Duggan Cornell & Gollub LLP as special counsel. BNP PARIBAS: Two Roads Marks $1.5MM Bond at 29% Off --------------------------------------------------- Two Roads Shared Trust has marked its $1,527,000 bond issued by BNP Paribas S.A. to market at $1,087,988 or 71% of the outstanding amount, according to Two Roads' N-CSR for the fiscal year ended April 30, 2026, filed with the U.S. Securities and Exchange Commission. Two Roads Shared Trust owns a bond issued by BNP Paribas S.A. The bond accrues interest at a rate of 4(USISDA30-USISDA05), 2.5610 per annum. The bond matures on April 30, 2033. Two Roads Shared Trust is a registered investment company that operates as a shared trust offering investment funds to investors. The Fund is led by James Colantino as Principal Executive Officer and Laura Szalyga as Principal Financial Officer. The Fund can be reached at: James Colantino Two Roads Shared Trust 225 Pictoria Drive, Suite 450 Cincinnati, OH 45246 Telephone: (631) 490-4300 About BNP Paribas S.A. BNP Paribas S.A. is a global banking group providing corporate and investment banking, retail banking and asset management services. BRABHAM CONSTRUCTION: Christine Brimm Named Subchapter V Trustee ---------------------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Christine Brimm as Subchapter V trustee for Brabham Construction, LLC. Ms. Brimm will be paid an hourly fee of $350 for her services as Subchapter V trustee. In addition, the trustee will receive reimbursement for work related expenses incurred. Ms. Brimm declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Christine E. Brimm PO Box 1044 Pawleys Island, SC 29585 (843) 256-6582 Email: cbrimm&bartonbrimm.com About Brabham Construction LLC Brabham Construction, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D.S.C. Case No. 26-03062) on July 7, 2026, with $500,001 to $1 million in assets and $1,000,001 to $10 million in liabilities. Judge Elisabetta Gm Gasparini presides over the case. Roger K. Pruitt, Esq., at R.K Pruitt Law Firm represents the Debtor as bankruptcy counsel. BRIDGE STREET I: Fitch Assigns BB-(EXP)sf Rating on Cl. E-RR Notes ------------------------------------------------------------------ Fitch Ratings has assigned expected ratings and Rating Outlooks to Bridge Street CLO I Ltd. reset transaction. Entity/Debt Rating ----------- ------ Bridge Street CLO I Ltd. X-RR LT AAA(EXP)sf Expected Rating A-1RR LT AAA(EXP)sf Expected Rating A-2RR LT AAA(EXP)sf Expected Rating B-1RR LT AA+(EXP)sf Expected Rating B-2RR LT AA(EXP)sf Expected Rating C-RR LT A(EXP)sf Expected Rating D-1RR LT BBB(EXP)sf Expected Rating D-2RR LT BBB-(EXP)sf Expected Rating E-RR LT BB-(EXP)sf Expected Rating Subordinated LT NR(EXP)sf Expected Rating Transaction Summary Bridge Street CLO I Ltd. (the issuer) is an arbitrage cash flow collateralized loan obligation (CLO) managed by FS Structured Products Advisor, LLC. The transaction originally closed in January 2021 and underwent its first refinancing in June 2024. It is scheduled to reset on July 9, 2026. Net proceeds from the issuance of the secured notes will provide financing on a portfolio of approximately $350 million of primarily first lien senior secured leveraged loans. KEY RATING DRIVERS Asset Credit Quality: The average credit quality of the indicative portfolio is 'B+'/'B', which is in line with that of recent CLOs. The weighted average rating factor (WARF) of the indicative portfolio is 22.94 and will be managed to a WARF covenant from a Fitch test matrix. Issuers rated in the 'B' rating category denote a highly speculative credit quality; however, the notes benefit from appropriate credit enhancement and standard U.S. CLO structural features. Asset Security: The indicative portfolio consists of 96.54% first-lien senior secured loans. The weighted average recovery rate (WARR) of the indicative portfolio is 72.85% and will be managed to a WARR covenant from a Fitch test matrix. Portfolio Composition: The largest three industries may comprise up to 40% of the portfolio balance in aggregate while the top five obligors can represent up to 12.5% of the portfolio balance in aggregate at the initial example matrix point. The level of diversity resulting from the industry, obligor and geographic concentrations is in line with other recent CLOs. Portfolio Management: The transaction has a five-year reinvestment period and reinvestment criteria similar to other CLOs. Fitch's analysis was based on a stressed portfolio created by adjusting the indicative portfolio to reflect permissible concentration limits and collateral quality test levels. Cash Flow Analysis: Fitch used a customized proprietary cash flow model to replicate the principal and interest waterfalls and assess the effectiveness of various structural features of the transaction. In Fitch's stress scenarios, the rated notes can withstand default and recovery assumptions consistent with their assigned ratings. The weighted average life (WAL) used for the transaction stress portfolio is reduced by up to 12 months for the WAL covenants that are greater than six years, to account for structural and reinvestment conditions after the reinvestment period. In Fitch's opinion, these conditions would reduce the effective risk horizon of the portfolio during stress periods. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade Variability in key model assumptions, such as decreases in recovery rates and increases in default rates, could result in a downgrade. Fitch evaluated the notes' sensitivity to potential changes in such a metric. The results under these sensitivity scenarios are as severe as 'AAAsf' for class X-RR, between 'BBB+sf' and 'AA+sf' for class A-1RR, between 'BBB+sf' and 'AA+sf' for class A-2RR, between 'BBBsf' and 'AAsf' for class B-1RR, between 'BB+sf' and 'A+sf' for class B-2RR, between 'Bsf' and 'A-sf' for class C-RR, between less than 'B-sf' and 'BBB+sf' for class D-1RR, and between less than 'B-sf' and 'BB+sf' for class D-2RR and between less than 'B-sf' and 'B+sf' for class E-RR. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade Upgrade scenarios are not applicable to class X-RR, class A-1RR and class A-2RR notes as these notes are in the highest rating category of 'AAAsf'. Variability in key model assumptions, such as increases in recovery rates and decreases in default rates, could result in an upgrade. Fitch evaluated the notes' sensitivity to potential changes in such metrics; the minimum rating results under these sensitivity scenarios are 'AAAsf' for class B-1RR, 'AAAsf' for class B-2RR, 'AA+sf' for class C-RR, 'A+sf' for class D-1RR, and 'A+sf' for class D-2RR and 'BBB+sf' for class E-RR. USE OF THIRD PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10 Form ABS Due Diligence-15E was not provided to, or reviewed by, Fitch in relation to this rating action. DATA ADEQUACY The majority of the underlying assets or risk-presenting entities have ratings or credit opinions from Fitch and/or other nationally recognized statistical rating organizations and/or European Securities and Markets Authority-registered rating agencies. Fitch has relied on the practices of the relevant groups within Fitch and/or other rating agencies to assess the asset portfolio information. Overall, Fitch's assessment of the asset pool information relied upon for its rating analysis according to its applicable rating methodologies indicates that it is adequately reliable. ESG Considerations Fitch does not provide ESG relevance scores for Bridge Street CLO I Ltd. In cases where Fitch does not provide ESG relevance scores in connection with the credit rating of a transaction, program, instrument or issuer, Fitch will disclose in the key rating drivers any ESG factor which has a significant impact on the rating on an individual basis. BRIGGS & STRATTON: Two Roads Virtually Writes Off $2.5M Bond ------------------------------------------------------------ Two Roads Shared Trust has marked its $2,500,000 bond issued by Briggs & Stratton Corporation to market at $9,375 or 0.4% of the outstanding amount, according to Two Roads' N-CSR for the fiscal year ended April 30, 2026, filed with the U.S. Securities and Exchange Commission on July 8, 2026. Two Roads Shared Trust owns a bond issued by Briggs & Stratton Corporation. The bond accrues interest at a rate of 6.8750 per annum. The bond matures on Dec. 15, 2020. Two Roads Shared Trust is a registered investment company that operates as a shared trust offering investment funds to investors. The Fund is led by James Colantino as Principal Executive Officer and Laura Szalyga as Principal Financial Officer. The Fund can be reached at: James Colantino Two Roads Shared Trust 225 Pictoria Drive, Suite 450 Cincinnati, OH 45246 Telephone: (631) 490-4300 About Briggs & Stratton Corp. Briggs & Stratton Corp. is a manufacturer best known for small gasoline engines used in outdoor power equipment, including lawn and garden products. BROWNIE'S MARINE: Live Blue Acquires Sunrise Paddleboards Assets ---------------------------------------------------------------- Brownie's Marine Group, Inc. announced in a regulatory filing that it executed and consummated the transactions contemplated by the Asset Purchase Agreement by and among the Company, Sunrise Paddleboards LLC, a Florida limited liability company, Brian Galton, the sole member of Sunrise Paddleboards, and Live Blue, Inc., a Florida corporation and a wholly-owned subsidiary of the Company. Pursuant to the terms of the Asset Purchase Agreement, Live Blue acquired substantially all of Sunrise Paddleboards' assets and assumed certain liabilities of the business associated with these assets. Sunrise Paddleboards is in the business of providing paddleboarding and kayaking experiences, including paddleboard rental, tour, retail and training. In consideration for the assets purchased, the Company issued 42,000,000 shares of its common stock, par value $0.0001 per share to the LLC Member at a price of $0.0044 per share, based upon the closing price of the Company's common stock on the OTC Markets on June 30, 2026. A full text copy of the Asset Purchase Agreement is available at https://tinyurl.com/4jey2xrv About Brownie's Marine Brownie's Marine Group, Inc. is a Davie, Florida, marine technology company that operates subsidiaries focused on portable air, underwater breathing, safety and marine technologies. Its operations include surface-supplied air systems, battery-powered diving systems, miniature and emergency breathing devices, high-pressure compressor distribution and service, and consumer-facing training and experiential programs. In an audit report dated April 10, 2026, Bush and Associates CPA LLC included a going concern qualification, stating that Brownie's Marine had a net loss of about $105,149 and cash used in operating activities of about $109,794 for the year ended Dec. 31, 2025, as well as an accumulated deficit of about $18.03 million as of Dec. 31, 2025. Those factors raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, Brownie's Marine reported cash of $849,620, total assets of $5.80 million, total liabilities of $3.35 million and total stockholders' equity of $2.44 million. C & B RHEE: Hires Ivey Mcclellan Siegmund Brumbaugh as Attorney --------------------------------------------------------------- C & B Rhee, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of North Carolina to hire Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP as attorneys. The firm's services include: (a) assist in investigating and examining financing statements and other related documents to determine the validity of such; (b) determine the rights and priorities of lienholders, if any; (c) advise in preserving the Debtor's properties and assets; and (d) generally assist the Debtor in administering this estate. The hourly rates of the firm's counsel and staff are: Samantha Brumbaugh, Attorney $475 Dirk Siegmund, Attorney $475 Charles Ivey, III, Attorney $500 Darren McDonough, Attorney $475 Melissa Murrell, Paralegal $150 Tabitha Harper, Paralegal $150 Janice Childers, Paralegal $100 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $4,798 in pre-petition services and reimbursement of $1,738 filing fees. Dirk Siegmund, Esq. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Dirk W. Siegmund, Esq. Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP 305 Bandwood Ave. Greensboro, NC 27401 Telephone: (336) 274-4658 Email: skb@iveymcclellan.com About C & B Rhee, LLC C & B Rhee, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10496) on June 26, 2026, listing $500,001 to $1 million in assets and $50,001 to $100,000 in liabilities. Dirk W. Siegmund, Esq. at Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP serves as the Debtor's counsel. CARPENTER TECHNOLOGY: S&P Affirms 'BB+' ICR, Alters Outlook to Pos. ------------------------------------------------------------------- S&P Global Ratings revised its outlook on Pennsylvania-based specialty-alloy based materials manufacturer Carpenter Technology Corp. to positive from stable and affirmed its 'BB+' issuer credit and issue-level ratings. Our recovery rating on its unsecured debt remains '3'. The positive outlook reflects S&P's expectation that Carpenter could sustain improved margin and profitability, indicating a stronger competitive position while maintaining credit metrics commensurate with an investment-grade rating over the next two years. S&P expects Carpenter to generate potential record earnings and margins over the next 24 months on sustained higher pricing and solid demand from aerospace and defense customers, which account for at least 60% of revenues. Last-12-month leverage strengthened below 1x as of March 31, 2026 and we expect it to remain so over the next 24 months, supported by higher earnings and free operating cash flow (FOCF) and stable debt level. Carpenter's earnings and margins have more than doubled since its pandemic-related trough. Several factors account for the strong financial performance over the past three years. Aerospace and defense end markets rebounded more quickly after the pandemic than earlier anticipated. Demand for domestic and international flying surged on pent-up demand and S&P expects it will remain strong over the next 24 months despite pressure on consumer spending. Increased geopolitical tensions have also led governments to revise defense budgets upward. Supply chain challenges persist amid the strong recovery in demand leading to customers signing long-term agreements (LTAs) at significantly higher prices. These long-term agreements have built in pass-through mechanisms that offer downside protection for margins over the contract duration, which is typically three to five years. Carpenter has also improved its product mix, increasing the proportion of higher-margined products. As a result, Carpenter's margins averaged 21.5% over the past fiscal years, with LTM margins of 27.4% as of March 31, 2026. These compare favorably with an average of about 9.1% from fiscal 2022-2023. EBITDA also averaged about $600 million over the past two fiscal years, trending toward $800 million-$900 million in fiscal 2026, compared with less than $400 million annually from fiscal 2018-2020. Favorable industry and end market dynamics support continued earnings and cash flow growth. The years-long customer qualification process continues to serve as a high barrier to entry for new suppliers, giving existing suppliers such as Carpenter significant pricing power. Widebody aircraft build rates recover slowly while Boeing ramps up production and deliveries of 737s and Airbus increases production of A320s. The increase in commercial aircraft build rates should support robust demand for structural materials and associated earnings. The slow ramp-up in build rates after the pandemic until now led to increased maintenance and repair operations (MRO), especially on aircraft engines, which supported Carpenter's earnings. S&P expects sustained MRO spending over the next 24 months given the high backlog of new aircraft delivery orders outstanding at Boeing and Airbus. In the energy markets, customers are willing to pay prices similar to aerospace and defense customers as they compete for capacity given increased industrial turbine builds, which require materials like those used in aircraft engines. However, the medical end market has experienced some weakness lately due to demand normalization following a surge immediately post COVID. Therefore, S&P forecasts EBITDA will be close to $1 billion in fiscal 2027 and 2028. The solid EBITDA generation will support free cash flow of about $300 million-$400 million in fiscal 2027, increasing to $500 million-$600 million in fiscal 2028 as company comes to an end of a period of capital intensity. S&P expects financial policies to remain supportive of investment-grade credit metrics. Carpenter continues to balance reinvestments in the business with shareholders returns. The company is investing $400 million in brownfield expansion projects, predominantly at its Athens, AL. facility to increase its remelt capacity and finishing assets. Project is on track for completion by June 2027, when production ramp-up begins. The completion of this project will enable Carpenter to capitalize on the favorable outlook for its end markets, with expectations of annual incremental operating income of about $150 million from the project by fiscal 2030. Shareholder returns have mainly been in dividends of about $38 million to $40 million annually over the past five years, a trend S&P expects to continue. As of March 31, the company has about $164 million outstanding under its $400 million authorized share repurchase program, which was instituted in fiscal 2024 after the company's FOCF turned positive after two consecutive fiscal years of deficits. Carpenter has sufficient liquidity to complete the brownfield expansion project, deliver returns to its shareholders, and accommodate tuck-in acquisitions in accordance with its capital allocation policy. S&P also believes Carpenter has cushion in its credit metrics to absorb potential earnings volatility over its forecast period. S&P said, "The positive outlook reflects our expectation that Carpenter could likely sustain the robust EBITDA generation and margin profile over the next 24 months. Favorable industry dynamics supports strong pricing and long-term agreements which provide revenue and margin visibility. We expect Carpenter will continue generating cash flow to finance expansion projects while returning excess funds to shareholders. "We could revise our outlook on Carpenter to stable over the next 12 months if we expect an adjusted debt to EBITDA ratio above 2x for a prolonged period." S&P believes this could happen from: -- A steep decline in earnings from an operational disruption; or -- An increase in debt-funded projects that are not immediately accretive to earnings. S&P said, "We could raise our rating on Carpenter if it continues to deliver strong earnings, margins, and cash flows, which could indicate a stronger competitive position, given the high pricing power from the supply-demand imbalance. At the same time, we would expect a strong cushion in its credit metrics, measured by leverage below 1.5x." CHARLES & COLVARD: Completes Asset Sale to AJS Creations for $2.7MM ------------------------------------------------------------------- Charles & Colvard, Ltd., announced in a regulatory filing that the Company received bankruptcy court approval of the AJS Transaction and the AJS Purchase Agreement in accordance with section 363 of chapter 11 of title 11 of the United States Code. Following receipt of such approval: (i) the Company completed the AJS Transaction, (ii) the JDP Purchase Agreement was terminated pursuant to the terms thereof, and (iii) the Company paid JDP a break-up fee of $45,000 in connection with the termination of the JDP Purchase Agreement. Background On April 15, 2026, the Company finalized negotiations of an Asset Purchase Agreement with Van Lang Jewelry LLC or its affiliate Jewelry Design Partners LLC, pursuant to which, subject to the terms and conditions set forth therein, including approval of the United States Bankruptcy Court for the Eastern District of North Carolina, JDP agreed to acquire the assets of the Company (except for the Excluded Assets, as listed on Schedule 1 thereto) and assume certain liabilities, for consideration of $1,500,000 (subject to a credit bid and offset against all of the indebtedness owed to JDP under the Section 364 Financing Loan Agreement dated March 24, 2026, by and between the Company and JDP). A former member of the Company's Board of Directors, Duc Pham, who resigned from the Board on March 25, 2026, is a Manager of JDP. On April 29, 2026, the Bankruptcy Court entered an Order: (i) approving JDP as the "stalking horse" bidder with respect to the assets to be acquired under the JDP Purchase Agreement, (ii) approving the "stalking horse" bidder to credit bid all or any portion of the outstanding DIP Obligations under the DIP Facility as part of the purchase price, (iii) approving the credit bid provisions contemplated by the JDP Purchase Agreement, (iv) approving the stalking horse break-up fee and expense reimbursement as set forth in the JDP Purchase Agreement, and (v) approving the proposed bidding procedures. On April 30, 2026, after approval of the Bankruptcy Court, the Company countersigned the JDP Purchase Agreement. On June 22, 2026, the Company held an auction pursuant to the Bankruptcy Court-approved bidding procedures. At the conclusion of the Auction, the Company determined the bid submitted by AJS Creations, Inc. was the highest or otherwise best bid and designated AJS as the successful bidder. The Company also determined that the bid submitted by Light & Star USA Inc. was the second highest or otherwise second-best bid and designated Light & Star as the back-up bidder. Also on June 22, 2026, the Company and AJS entered into an Overbid Purchase Agreement, pursuant to which AJS agreed to acquire specified assets related to the Company's business and assume certain liabilities, subject to Bankruptcy Court approval, for cash consideration of $2,700,000. About Charles & Colvard Ltd. Charles & Colvard Ltd. is a jewelry manufacturer known for its lab-grown moissanite gemstones. Charles & Colvard Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00969 on March 2, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Judge David M Warren oversees the case. The Debtor is represented by Rebecca Redwine Grow, Esq. and Jason L. Hendren, Esq. of Hendren Redwine & Malone, PLLC. CHINA EVERGRANDE: Saba Capital Marks $11M Bond at 98% Off --------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $11,180,000 bond issued by China Evergrande Group to market at $200,166 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 10.000% per annum. The bond matures on April 11, 2023. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $127.6M Bond at 97% Off ------------------------------------------------------------ Saba Capital Income & Opportunities Fund has marked its $127,633,001 bond issued by China Evergrande Group to market at $2,399,857 or 3% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 8.750% per annum. The bond matures on June 28, 2025. "Security is in default as of April 30, 2026 and is a non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $13.3M Bond at 98% Off ----------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $13,321,001 bond issued by China Evergrande Group to market at $243,685 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 9.500% per annum. The bond matures on March 29, 2024. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $16M Bond at 98% Off --------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $16,029,001 bond issued by China Evergrande Group to market at $289,906 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 7.500% per annum. The bond matures on June 28, 2023. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $17M Bond at 98% Off --------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $17,000,001 bond issued by China Evergrande Group to market at $299,641 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 10.500% per annum. The bond matures on April 11, 2024. "Security is in default as of April 30, 2026 and is a non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $3.2M Bond at 98% Off ---------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $3,205,000 bond issued by China Evergrande Group to market at $59,808 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 9.500% per annum. The bond matures on April 11, 2022. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $6.5M Bond at 98% Off ---------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $6,500,000 bond issued by China Evergrande Group to market at $115,675 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 11.500% per annum. The bond matures on Jan. 22, 2023. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $7.98M Bond at 98% Off ----------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $7,985,000 bond issued by China Evergrande Group to market at $149,066 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 8.250% per annum. The bond matures on March 23, 2022. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHINA EVERGRANDE: Saba Capital Marks $8MM Bond at 98% Off --------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $8,094,001 bond issued by China Evergrande Group to market at $145,907 or 2% of the outstanding amount, according to Saba Income & Opportunities' N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by China Evergrande Group. The bond accrues interest at a rate of 12.000% per annum. The bond matures on Jan. 22, 2024. "Security is in default as of April 30, 2026 and is therefore non-income producing security," said the group. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About China Evergrande Group China Evergrande Group is a Chinese property developer and real estate conglomerate. CHRONOSCALE CORP: Completes Holding Company Transaction ------------------------------------------------------- ChronoScale Corporation announced in a regulatory filing that ChronoScale Holdings Corporation (the "Company"), became the successor issuer to ChronoScale (f/k/a Ekso Bionics Holdings, Inc.), pursuant to a corporate holding company transaction completed in accordance with Section 92A.134 of the Nevada Revised Statutes. Upon consummation of the Holding Company Transaction, each outstanding share of ChronoScale common stock was converted on a one-for-one basis into a share of the Company's common stock, par value $0.001 per share, and the Company became the publicly traded parent company of ChronoScale. In connection with the Holding Company Transaction, the Company assumed all outstanding equity awards previously granted under the ChronoScale Corporation 2026 Omnibus Equity Incentive Plan (as amended, the "Legacy Plan," and as adjusted to reflect that shares will be issued by the Company). Such awards remain outstanding and continue to be governed by the terms of the Legacy Plan and the applicable award agreements, except that references to ChronoScale have been conformed, as appropriate, to reflect the Holding Company Transaction and the Company's assumption of the awards. All future equity awards will be granted under the Plan. About ChronoScale Corp ChronoScale Corporation, formerly Ekso Bionics Holdings, Inc., designs, develops, and markets exoskeleton products. Its exoskeleton technology serves people with physical disabilities or impairments in both physical rehabilitation and mobility. The Company operates as one segment with two markets: Enterprise Health and Personal Health. San Francisco, Calif.-based WithumSmith+Brown PC, the Ekso Bionics' auditor since 2010, issued a 'going concern' qualification in its report dated February 23, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that the Company has an accumulated deficit at December 31, 2025 and, since inception, has suffered significant operating losses and negative cash flows from operations. The Company expects to generate operating losses and negative operating cash flows in the future and will require additional funding to support the Company's planned operations which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $19.7 million in total assets, $13.9 million in total liabilities, $3.7 million in temporary equity and $2.1 million in total stockholders' equity. CLEAN ENERGY: Raises $141K Proceeds via Coventry Convertible Note ----------------------------------------------------------------- Clean Energy Technologies, Inc. announced in a regulatory filing that it entered into a Securities Purchase Agreement with Coventry Enterprises LLC, a Delaware limited liability company. Pursuant to the SPA, the Company sold, and Coventry purchased, a convertible promissory note in the principal amount of $166,500 for a purchase price of $150,000. The Transaction was funded by Coventry and closed on July 1, 2026, and pursuant to the SPA, Coventry's legal expenses of $3,000 were paid from the gross purchase price, $6,000 was paid to the Company's registered broker-dealer, the Company received net funding of $141,000, and the Note was issued to Coventry. The SPA includes customary representations, warranties and covenants by the Company and customary closing conditions. The SPA requires that the proceeds from the Transaction be used for general working capital purposes. The Note matures on May 1, 2027, accrues a one-time interest charge of 12% on the issuance date, shall be paid in 10 monthly payments in the amount of $18,648 beginning on August 7, 2026, and continuing on the 7th of each month thereafter, and is convertible following default into shares of the Company's common stock at the election of the holder at a conversion price equal to equal to 85% of the lowest closing bid price during the ten trading days prior to the conversion date; provided, however, that the holder may not convert the Note: (i) to the extent that such conversion would result in the holder's beneficial ownership of the Company's common stock being in excess of 4.99% of the Company's issued and outstanding common stock, or (ii) when the shareholder approval required by Nasdaq Rule 5635(d) has not been obtained and conversion would result in more than 19.99% of the shares of Company common stock being issued after any required aggregation per Rule 5635(d). Additionally, the holder of the Note is entitled to deduct $1,500 from the conversion amount in each note conversion to cover the holder's fees associated with the conversion. Full text copies of the SPA and Note are available at https://tinyurl.com/5a4red4m and https://tinyurl.com/5c74t2y7, respectively. About Clean Energy Clean Energy Technologies, Inc., headquartered in Irvine, California, develops renewable energy products and clean energy solutions focused on energy efficiency and renewable energy. The company provides waste heat recovery, waste-to-energy, engineering, consulting and project management services, including converting waste products into electricity, renewable natural gas, hydrogen and biochar. Through Clean Energy Technologies (H.K.) Limited, the company sources, purchases and supplies natural gas to industries and municipalities in mainland China. In the Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company stated that although its financial statements have been prepared under the assumption that it would continue its operations as a going concern, there is substantial doubt about its ability to continue as a going concern, based on its financial statements and results of operations at that time. Specifically, the Company have experienced losses from operations and negative cash flows from operating activities. As of December 31, 2025, Clean Energy reported total assets of $12.41 million, total liabilities of $6.17 million and total equity of $6.25 million. CLEANER GUYS: Seeks Subchapter V Bankruptcy in Washington --------------------------------------------------------- On July 10, 2026, Cleaner Guys, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Washington. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 50-99 creditors. A meeting of creditors under Section 341(a) filed by Benjamin Teich on behalf of United States Trustee to be held on August 18, 2026 at 09:00 AM via Telephonic Creditors Meeting. Chapter 11 Small Business Subchapter V Plan due by October 8, 2026. About Cleaner Guys, LLC Cleaner Guys, LLC is a Mount Vernon, Washington-based provider of property damage restoration and remediation services. The company specializes in fire, water, and mold damage restoration and continues to operate as a debtor-in-possession, serving residential and commercial customers throughout the Seattle region. As of April 2026, the business employed approximately 20 people. Cleaner Guys, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12245) on July 10, 2026. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Steven M. Palmer, Esq., of Cairncross & Hempelmann, P.S. CLEARSIDE BIOMEDICAL: Plan Exclusivity Period Extended to Sept. 21 ------------------------------------------------------------------ Judge Thomas M. Horan of the U.S. Bankruptcy Court for the District of Delaware extended Clearside Biomedical, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to Sept. 21 and Dec. 21, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that relevant factors demonstrate that there is more than sufficient cause to approve the extension of the Exclusive Periods: * This Chapter 11 Case has involved complex legal and factual issues. As described in more detail in the First Day Declaration, the Debtor's business involved novel ocular drug therapies, and its portfolio of products included, among other complex assets, a number of clinical programs in varying stages of development. As a result, during its sales and marketing process, the Debtor engaged in extensive diligence and negotiations with various interested parties, including 41 prospective buyers. While the Debtor reached a Settlement Agreement resolving its dispute with HCR, such settlement occurred on the eve of a hearing to address the claim objection, after significant time and effort had been devoted to briefing novel factual and legal issues and negotiating the settlement. * The Debtor has made substantial good faith progress in this Chapter 11 Case while continuing to engage in discussions and negotiations with key constituencies, including the Ad Hoc Group. Since entry of the First Extension Order, the Debtor has, among other things, (i) undertook various tasks necessary to advance the Sale Process, including obtaining entry of the Health Ocean Sale Order and the HCR Sale Order; (ii) reached a settlement with the Ad Hoc Group to resolve the Equity Committee Motion and obtained the Court's approval thereof; (iii) prepared and filed a revised form of the Combined Disclosure Statement and Plan; (iv) obtained entry of the Solicitation Procedures Order; (v) commenced solicitation of the Combined Disclosure Statement and Plan; (vi) drafted and filed documents included in the Plan Supplement and negotiated with various parties in connection therewith; and (vii) handled various other tasks related to the administration of the Debtor's estate and this Chapter 11 Case. * Since the filing of this Chapter 11 Case, the Debtor has continued to pay substantially all of its undisputed, postpetition expenses and invoices. * The requested extension of the Exclusive Periods is only the second such request made in this Chapter 11 Case and comes approximately seven months after the Petition Date. The Debtor has expended substantial resources in: (i) completing a competitive postpetition marketing and sale process; (ii) soliciting the Combined Disclosure Statement and Plan; (iii) complying with the requirements of the Bankruptcy Code and the Bankruptcy Rules; and (iv) otherwise administering its estate for the benefit of its stakeholders. The Debtor asserts that potentially allowing another party to file a competing plan at this time, when the Debtor is on the verge of confirming and consummating the transactions contemplated under the Combined Disclosure Statement and Plan, will create unnecessary complexity, confusion and delay, and risk jeopardizing the material recoveries for stakeholders provided for under the Combined Disclosure Statement and Plan. The Debtor's substantial progress in administering this Chapter 11 Case, coupled with the pending Confirmation Hearing in nine days, supports the extension of the Exclusive Periods. Co-Counsel to the Debtor: RICHARDS, LAYTON & FINGER, P.A. Daniel J. DeFranceschi, Esq. Michael J. Merchant, Esq. Alexander R. Steiger, Esq. One Rodney Square 920 N. King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Emails: defranceschi@rlf.com merchant@rlf.com steiger@rlf.com Co-Counsel to the Debtor: COOLEY LLP Daniel Shamah, Esq. Lauren A. Reichardt, Esq. Olya Antle, Esq. Miriam Peguero Medrano, Esq. 55 Hudson Yards New York, NY 10001-2157 Telephone: (212) 479-6000 Emails: dshamah@cooley.com lreichardt@cooley.com oantle@cooley.com mpegueromedrano@cooley.com About Clearside Biomedical Inc. Clearside Biomedical, Inc., is a bio-pharmaceutical firm specializing in the development and commercialization of treatments for eye diseases. Clearside Biomedical Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12109) on Nov. 23, 2025. In its petition, the Debtor estimated assets of up to $10 million and estimated liabilities of up to $100 million. The Debtor tapped Cooley LLP and Richards, Layton & Finger, PA, as counsel; Epiq Corporate Restructuring, LLC, as administrative advisor; and Berkeley Research Group, LLC, as financial advisor. CORE AI HOLDINGS: Welcomes Arie Goor as Chief Financial Officer --------------------------------------------------------------- Core AI Holdings, Inc. announced in a regulatory filing that Gerald Bernstein stepped down as Chief Financial Officer, effective June 30, 2026. Following Mr. Bernstein's resignation, on July 1, 2026, the Company appointed Arie Goor, CPA, MBA, as its Chief Financial Officer, effective immedietly. Mr. Goor, 43, joins Core AI Holdings with more than 15 years of executive financial leadership experience spanning corporate finance, capital markets, strategic transactions, and financial management across the biotechnology, medical device, and technology sectors. His appointment further strengthens the Company's executive leadership team as Core AI continues to scale its operations, expand its market presence, and execute its long-term growth strategy. "We are pleased to welcome Arie to Core AI Holdings," said Aitan Zacharin, Chief Executive Officer of Core AI Holdings. "Arie brings a proven track record of financial leadership, capital markets expertise, and strategic execution that will be invaluable as we continue to scale our business. His extensive experience leading public companies, executing complex financing transactions, and strengthening financial operations makes him an outstanding addition to our executive team. We look forward to benefiting from his leadership as we drive shareholder value and capitalize on the significant opportunities ahead." Prior to joining Core AI Holdings, Mr. Goor served as Chief Financial Officer of Regentis Biomaterials (NYSE: RGNT), a regenerative medicine company, from October 2022 until January 2026, and Chief Financial Officer of Revium Rx (Revium Recovery) from June 2023 until May 2026. Throughout his career, he has successfully led numerous initial public offerings and cross-border capital markets transactions on major global exchanges, including NASDAQ, the Australian Securities Exchange (ASX), the TSX Venture Exchange (TSXV), and the Tel Aviv Stock Exchange (TASE). Mr. Goor also serves as financial advisor to publicly traded companies, including Galmed Pharmaceuticals Ltd. (NASDAQ: GLMD) and Polyrizon Ltd. (NASDAQ: PLRZ), advising management teams and boards on corporate finance, SEC reporting, governance, regulatory compliance, and capital markets strategy. In his role as Head of the IPO and M&A Department at Shimony Financial Services, who he has been with since 2018, Mr. Goor advised numerous public and private companies on capital markets transactions, mergers and acquisitions, corporate finance, and strategic growth initiatives. He previously served as an Audit Manager at Ernst & Young, specializing in publicly traded and emerging growth companies. "I am excited to join Core AI Holdings at such a pivotal stage in its growth," said Mr. Goor. "The Company is well-positioned to capitalize on the expanding opportunities across the artificial intelligence landscape. I look forward to working closely with the leadership team and Board of Directors to strengthen the Company's financial foundation, support strategic growth initiatives, and create long-term value for shareholders." Mr. Goor holds an MBA in Financial Management from Tel Aviv University and a B.A. in Accounting and Economics from the Hebrew University of Jerusalem. He has been a licensed Certified Public Accountant (CPA) since 2012. In connection with Mr. Goor's joining the Company, the Company has entered into an agreement with Shimony Financial Services of Ramat Gan, Israel, where Mr. Goor serves as head of the IPO and M&A Department, pursuant to which the Company will pay Shimony the sum of US$9,000 per month for Mr. Goor's services (subject to reevaluation in 2027). The agreement with Shimony may be terminated by either party upon thirty (30) days' prior written notice. A full text copy of Company's agreement with Shimony is available at https://tinyurl.com/3nkprr6r About Core AI Holdings Core AI Holdings, Inc., previously known as Siyata Mobile Inc. -- http://www.coregaming.co/-- is focused on developing a portfolio of AI-focused businesses with next-generation technologies. Through its subsidiary, Core Gaming, it operates a leading global AI driven mobile games development and publishing business. The company creates entertaining games for millions of players worldwide, while empowering other developers to deliver player-focused apps and games to enthusiasts. Since its launch Core Gaming has developed and co-developed over 2,200 games, driven over 800 million downloads, and generated a global footprint of over 40 million users from over 140 countries. Core AI's mission is to harness the power of artificial intelligence to build transformative and scalable offerings across multiple verticals. The Company incurred a net loss from continuing operations of $3.63 million for the three months ended March 31, 2026, and has an accumulated deficit of $35.59 million as of March 31, 2026. These factors raise substantial doubt about the Company's ability to continue as a going concern. The Company had total assets of $7.92 million as of March 31, 2026, total liabilities were $8.46 million, and total equity was $(540,231) as of March 31, 2026. CORELOGIC INC: S&P Rates New First-Lien Senior Secured Notes 'B-' ----------------------------------------------------------------- S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to CoreLogic Inc.'s (Cotality) proposed first-lien senior secured notes due 2031 (amount to be determined) and 'CCC' issue-level rating and '6' recovery rating to its proposed $1.0 billion second-lien secured notes due 2032. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of a payment default. The '6' recovery rating indicates its expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of a payment default. S&P said, "The company will use these notes, in conjunction with its proposed term loan, to refinance its capital structure, which we expect will not be materially leveraging. Concurrent with the proposed transactions, we believe Cotality will extend and upsize its revolver, which will rank pari passu with the new first-lien term loan and secured notes. "The refinancing plan will burden the company's cash flow due to incremental cash interest expense. That said, we view the extension of its maturities through at least 2031 as credit positive because it will alleviate the refinancing risk related to its 2028 maturities. We expect Cotality will be able to service the higher interest expense by materially increasing its earnings over the next 18 months, supported by improving operating leverage, continued corporate expense rationalization, and management's efficiency initiatives. We forecast the company's free operating cash flow (FOCF) will be slightly positive in 2026 (depending on the final pricing of the proposed debt) and remain positive in 2027. "Our 'B-' issuer credit rating and stable outlook on Cotality are unchanged. Our rating primarily reflects the company's high leverage (at about 8x-9x) and relatively weak FOCF. The rise in Cotality's interest expense narrows its cushion at the current rating. That said, we continue to view the company as a leader in its markets, given its unmatched breadth of solutions and continued market share gains. Cotality improved its performance over each of the last few years despite a challenging mortgage market. "We view the long-term dynamics in the housing industry as favorable because the pent-up demand and undersupply will enable the company to benefit if mortgage rates eventually drop. We also believe it is well-positioned to fend off potential AI-related competition, primarily because of the robust data assets it has amassed over the decades, its deep industry expertise, and its long-tenured customer relationships. "Cotality will maintain solid liquidity, with cash on hand of about $55 million as of the close of the transaction and full availability under its upsized revolving credit facility. We continue to expect the company will hedge 50%-60% of its debt capital structure against potential rises in SOFR via fixed-rate notes and hedges." 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 it will upsize from $414.9 million currently), $4.28 billion of new first-lien secured debt due 2031 (including a proposed term loan B and proposed first-lien secured notes), and $1.0 billion of second-lien secured notes due 2032. -- S&P said, "We rate all Cotality's first-lien secured debt 'B-' with a '3' recovery rating, indicating our expectation for meaningful (50%-70%; rounded estimate: 60%) recovery in the event of default. We rate the second-lien secured debt 'CCC' with a '6' recovery rating, indicating our expectation for negligible (0%-10%; rounded estimate: 0%) recovery." -- S&P's simulated default in 2028 primarily stems from a failure in services or technological capabilities that leads to customer defections, accompanied by increased competition amid a slowdown in mortgage origination, ultimately hindering Cotality's profitability and the demand for its products and services. CoreLogic Inc. is the borrower under the first- and second-lien secured credit facilities. -- In a default scenario, S&P believes Cotality would reorganize to maximize the value to its 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. Simulated default assumptions -- Simulated year of default: 2028 -- EBITDA at emergence: About $487 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 $3.0 billion -- Valuation split (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%) -- Second-priority claims: About $1.0 billion -- Collateral value available to second-lien debt: About $53 million --Recovery expectations: 0%-10% (rounded estimate: 0%) CSC HOLDINGS: Saba Capital II Marks $270,000 Bond at 40% Off ------------------------------------------------------------ Saba Capital Income & Opportunities Fund II has marked its $270,000 bond issued by CSC Holdings LLC to market at $162,852 or 60% of the outstanding amount, according to Saba Income & Opportunities II's N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund II owns a bond issued by CSC Holdings LLC. The Bond accrues interest at a rate of 3.375% per annum. The Bond matures on Feb. 15, 2031. Saba Capital Income & Opportunities Fund II is a closed-end investment fund in the leveraged finance market. The Fund is led by Paul Kazarian as Principal Executive Officer and Chief Executive Officer, and Troy Statczar as Principal Financial Officer and Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund II 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About CSC Holdings LLC CSC Holdings LLC is a major American telecommunications and cable operator that does business as Optimum. CUMULUS MEDIA: Nielsen Loses Data-Tying Appeal ---------------------------------------------- Bryan Koenig of Law360 Bankruptcy Authority reports that Nielsen cannot force Cumulus to purchase local ratings services as a condition for receiving national radio ratings data, according to a Second Circuit ruling that revived a preliminary injunction against the measurement company. The appellate panel affirmed the lower court's decision limiting Nielsen's ability to tie the two offerings together. The dispute involves claims that Nielsen leveraged its control over national audience data to promote sales of its local ratings products. Cumulus argued that the practice harmed competition by making access to essential industry data dependent on purchasing additional services, the report cites. The Second Circuit's ruling keeps the injunction in effect while the case moves forward. The decision represents a setback for Nielsen's effort to remove restrictions placed on its data licensing practices, according to report. About Cumulus Media Inc. Cumulus Media is an audio-first media company delivering premium content to a quarter billion people every month -- wherever and whenever they want it. Cumulus Media engages listeners with high quality local programming through 394 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, US Soccer, AP News, and the Academy of Country Music Awards, across more than 7,800 affiliated stations through Westwood One, a leading national audio network; and inspires listeners through the Cumulus Podcast Network, an established and influential platform for original podcasts that are smart, entertaining, and thought provoking. Cumulus Media provides advertisers with personal connections, local impact, and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry leading research and insights, and live event experiences. Cumulus Media Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-90346) on March 5, 2026. In the petition signed by Richard Denning, Executive Vice President, Secretary & General Counsel, the Debtor disclosed up to $10 billion in both assets and liabilities. As of Sept. 30, 2025, the Company had $1,078,217,000 in total assets, $1,135,135,000 in total liabilities. Judge Alfredo R. Perez oversees the case. Lawyers at Paul, Weiss, Rifkind, Wharton & Garrison LLP serve as counsel. Porter Hedges LLP, represents the Debtor as local counsel. The Debtors hired as Alvarez & Marsal North America, LLC as restructuring advisor; Moelis & Company as financial advisor; and Kurtzman Carson Consultants, LLC d/b/a Verita Global as claims, noticing, solicitation & certification agent. DISH DBS: Hires Epiq Corporate as Claims and Noticing Agent ----------------------------------------------------------- Dish DBS Corp. and its affiliate Dish Wireless LLC, seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Epiq Corporate Restructuring, LLC as noticing and solicitation agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Before the petition date, the Debtors provided Epiq a retainer in the amount of $100,000. Kathryn Tran, a consulting director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kathryn Tran Epiq Corporate Restructuring, LLC 122 East, 42nd Street, 18th Floor New York, NY 10168 About DISH DBS Corporation DISH DBS Corporation is a holding company and an indirect, wholly-owned subsidiary of DISH Network Corporation. It offers pay-TV services under the "DISH" brand and the "SLING" brand. It also design, develop and distribute receiver systems and provide digital broadcast operations, including satellite uplinking/downlinking, transmission and other services to third-party pay-TV providers. DISH DBS Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90627 (CML)) on June 30, 2026. Judge Christopher M. Lopez presides over the case. Charles R. Koster at White & Case, represents the Debtor as legal counsel. DK ARENA: Taps GrayRobinson PA as Special Real Estate Counsel ------------------------------------------------------------- DK Arena, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire the Law Firm of GrayRobinson, P.A. as special real estate counsel. The firm's services include: (a) advising the Debtor concerning the proposed marketing, sale, conveyance, or other disposition of the commercial property located at 1415 45th Street West Palm Beach, FL 33407; (b) assisting with transaction strategy and real estate deal structure in coordination with the Debtor and its bankruptcy counsel; (c) preparing, reviewing, revising, and negotiating letters of intent, confidentiality agreements, access agreements, broker-related documentation, purchase and sale agreements, amendments, assignments, escrow instructions, deeds, bills of sale, affidavits, FIRPTA certificates, closing statements, owner's closing documents, and other ancillary closing documents; (d) reviewing title commitments, exception documents, surveys, zoning reports, municipal searches, lien searches, estoppels, payoff statements, plats, legal descriptions, and other due diligence materials affecting the property; (e) identifying title, survey, access, zoning, easement, use restriction, curative, and closing issues affecting the property and advising on appropriate resolutions; (f) coordinating with title companies, underwriters, surveyors, municipal authorities, purchasers, brokers, escrow agents, lienholders, and other transaction participants in connection with a proposed disposition of the property; (g) if requested by the Debtor and permitted by applicable law, serving as title agent and issuing title insurance in connection with a closing involving the property, at the applicable promulgated rates; (h) assisting with drafting or reviewing sale-related motions, notices, orders, objections, declarations, or closing-related pleadings prepared in the chapter 11 case, but only to the extent such documents are specifically related to the property or the transaction documents for the property; and (i) providing other special real estate legal services specifically related to the property as the Debtor may reasonably request and the Bankruptcy Court may permit. The firm will be compensated as follows: (a) Mitch Kirschner, Esq.: $700 per hour; (b) Paralegals: $225 per hour; and (c) Other Firm professionals, if used, at the firm's then-current hourly rates as may be disclosed or approved in accordance with applicable bankruptcy procedures. As disclosed in the court filings, GrayRobinson, P.A. is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Mitch Kirschner, Esq. GRAYROBINSON, P.A. One Boca Place 2255 Glades Road, Suite 301E Boca Raton, FL 33431 Phone: (561) 368-3808 Email: Mitch.Kirschner@Gray-Robinson.com About DK Arena, Inc. DK Arena, Inc is an arena and events venue operator engaged in large-scale entertainment, sports, and live performance operations. The company manages facility-related revenue streams including ticketing, concessions, and event hosting services. DK Arena, Inc sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16307) on May 15, 2026. In its petition, the debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities between $50 million and $100 million. The debtor is represented by Robert C. Furr, Esq. DNA ELECTRICAL: Gets Extension to Access Cash Collateral -------------------------------------------------------- DnA Electrical, L.L.C. received second interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. Under the second interim order, the Debtor is authorized to use cash collateral to pay court-approved expenses including U.S. Trustee quarterly fees; operating expenses outlined in its approved budget, with a permitted variance of up to 10% per line item; and additional expenditures, subject to approval by secured creditor The Huntington National Bank. This authorization remains effective until further court order. The cash collateral includes cash, bank account balances, and accounts receivable and is currently subject to pre-petition liens held by Huntington. As adequate protection, Huntington and other creditors that may have security interests in cash collateral will receive perfected post-petition replacement liens, with the same validity, extent, and priority as their pre-petition liens. Additional safeguards include insurance coverage and access to business records and premises upon request. The order preserves the rights of creditors, the U.S. trustee, and any future creditors' committee to seek additional protections or challenge lien claims. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/UydH2 from PacerMonitor.com. The court scheduled the next hearing for July 22. About DnA Electrical L.L.C. DnA Electrical, L.L.C. operates an electrical contracting business in Southwest Florida serving new constructions, remodelers, and property owners. It conducts business under the name TBI Electric Inc. DnA Electrical filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01375) on June 3, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Derek Hanners, authorized member, signed the petition. Judge Luis Ernesto Rivera II oversees the case. Andrew Kamensky, Esq., at Tax Workout Group, P.A., represents the Debtor as legal counsel. DURANTE EQUIPMENT: Seeks to Hire Stuart Goffman CPA as Accountant ----------------------------------------------------------------- Durante Equipment, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Stuart Goffman, CPA as its accountant. The firm's services include: (a) preparing the monthly operating reports required by the bankruptcy court; (b) preparing reports and any other accounting documents necessary in the financial administration and compliance of the case; (c) providing assistance in developing or reviewing plans of reorganization, including tax ramifications, as requested by the Debtor; (d) other bankruptcy related issues to facilitate the filing and confirmation of a plan, as requested by the Debtor; and (e) providing advice in regards to tax compliance filings and matters, as requested by the Debtor. Mr. Goffman will charge $375 an hour for his services. Additionally, the Debtor has agreed to pay an initial retainer of $10,000 to Mr. Goffman. Mr. Goffman assured the court that he is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Stuart Goffman, CPA 633 S. Andrews Avenue, Suite 500 Fort Lauderdale, FL 33301 About Durante Equipment LLC Durante Equipment LLC is a construction and landscaping equipment supplier. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17303-SMG) on June 3, 2026. In the petition signed by John E. Durante, chief executive officer, the Debtor disclosed up to $10 million in assets and up to $1 million in liabilities. Judge Scott M. Grossman oversees the case. Bart Houston, Esq., at Houston Roderman PLLC, represents the Debtor as legal counsel. ECHOSTAR CORP: FMR LLC, Johnson Report 1.8% Class A Stake --------------------------------------------------------- FMR LLC and Abigail P. Johnson disclosed in a Schedule 13G (Amendment No. 5) filed with the U.S. Securities and Exchange Commission that as of June 30, 2026, they beneficially own the following shares of EchoStar Corp's Class A Common Stock: * FMR LLC -- 2,886,891.70 shares, representing 1.8% of the shares outstanding, reflecting ownership of 5 percent or less of a class. * Abigail P. Johnson -- 2,886,891.70 shares, representing 1.8% the shares outstanding, reflecting ownership of 5 percent or less of a class. FMR LLC and Abigail P. Johnson may be reached through: Richard Bourgelas 245 Summer Street Boston, MA 02210 Tel: 617-570-6339 A full-text copy of FMR LLC and Abigail P. Johnson's SEC report is available at https://tinyurl.com/mtw6ts96 About EchoStar Corporation EchoStar Corporation (Nasdaq: SATS) -- www.echostar.com -- is a provider of technology, networking services, television entertainment, and connectivity, offering consumer, enterprise, operator, and government solutions worldwide under its EchoStar, Boost Mobile, Boost Infinite, Sling TV, DISH TV, Hughes, HughesNet, HughesON, and JUPITER brands. In Europe, EchoStar operates under its EchoStar Mobile Limited subsidiary, and in Australia, the Company operates as EchoStar Global Australia. As of March 31, 2026, the Company had $41.38 billion in total assets and $35.7 billion in total liabilities, and total stockholders' equity of $5.68 billion. * * * In Sept. 2025, S&P Global Ratings placed its 'CCC+' Company credit rating on Echostar Corp. and all subsidiaries on CreditWatch with positive implications. S&P also placed the issue-level ratings on Echostar and all its subsidiaries' secured and unsecured debt on CreditWatch with positive implications. S&P plans to resolve the CreditWatch following close of the transaction, expected in mid-2026. ECLUDE INC: Hires Fox Law Corporation as Bankruptcy Counsel ----------------------------------------------------------- Eclude Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire The Fox Law Corporation, Inc. as general bankruptcy counsel. The firm will render these services: a. advise the Debtor with respect to its powers and duties as a debtor-in-possession and the management of estate property and to assist the Debtor in performing the duties required of it as a debtor-in-possession; b. draft, and confirm a plan proposed by the Debtor and to advise the Debtor concerning a competing plan that may be filed; c. examine all claims filed in this case to determine their nature, extent, validity and priority; d. advise and assist the Debtor with the collection of assets, the sale of assets, or the refinancing of same in order to implement a plan; e. take such actions as may be necessary to protect estate assets from seizure or other proceedings, pending confirmation of a plan in this case; f. advise the Debtor as to rejection or assumption of executory contracts; g. assist the Debtor to fulfill its obligations as fiduciaries of the estate; h. prepare pleadings pertaining to matters of before the Court; i. advise the Debtor on a limited basis with respect to tax obligations, and their payment; j. prepare applications and reports as are necessary and for which the services of an attorney are required; k. render other legal services for the Debtor for which the services of a bankruptcy attorney may be necessary during the pendency of this case including any necessary litigation; and l. services required to assist the Debtor in fulfilling its duties under 11 U.S.C. Secs. 1106 and 1107, including all contested matters but excluding tax and securities related services. The firm will be paid at these rates: Principal $700 per hour Associates $650 per hour Paralegals $200 per hour The firm received an advance payment in the amount of $51,120. As disclosed in the court filings, FoxLaw and its attorneys are disinterested persons as that term is defined in 11 U.S.C. Sec. 101(14). The firm can be reached through: Steven R. Fox, Esq. THE FOX LAW CORPORATION, INC. 15455 San Fernando Mission Blvd., Suite 400 Mission Hills, CA 913345 Tel: (818) 774-3545 Fax: (818) 774-3707 Email: srfox@foxlaw.com About Eclude Inc. Eclude Inc. is a Palmdale, California-based full-service restaurant operator doing business as Baracoa Cuban Restaurant. The company offers Cuban cuisine, live entertainment, and catering services, and has become a well-known dining destination in the Antelope Valley. The business is owned and managed by Tony Castro and has also provided marketing services and program supplies to local public agencies between 2023 and 2024. Eclude Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16466) on June 29, 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 Neil W. Bason is overseeing the case. The Debtor is represented by Steven R. Fox, Esq. ELEASE DAYCARE: Robert Gainer Named Subchapter V Trustee -------------------------------------------------------- The Acting U.S. Trustee for Region 12 appointed Robert Gainer Robert Gainer for Elease Daycare, LLC. Mr. Gainer will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Gainer declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: CUTLER LAW FIRM, P.C. Robert C. Gainer, Esq. 1307 50th Street West Des Moines, Iowa 50266 Telephone: 515-223-6600 Facsimile: 515-223-6787 E-mail: trustee@cutlerfirm.com About Elease Daycare LLC Elease Daycare, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Iowa Case No. 26-00640) on July 6, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Dustin Abraham Baker, Esq., at Henkels & Baker, PC represents the Debtor as legal counsel. ELECTRONIC LAB: Hires Hutchison PLLC as Special Counsel ------------------------------------------------------- Electronic Lab Logs, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Hutchison PLLC as special counsel. The Debtor needs the firm's legal assistance in connection with the Debtor's corporate and securities aspects of a plan of reorganization or liquidation and sale of the Debtor's assets. The firm will be paid at these rates: Justyn J. Kasierski $660 per hour Anna S. Tharrington $580 per hour Jasjit K. Grewal $340 per hour Elisia P. Millett $260 per hour Paralegal $260 per hour The firm received from the Debtor a security retainer of $10,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The firm is a creditor of the Debtor, holding an unsecured claim for fees and expenses incurred prior to the Petition Date in the aggregate amount of $171,345. Mr. Kasierski 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: Justyn J. Kasierski, Esq. Hutchison PLLC 701 Corporate Center Drive Suite 250 Raleigh, NC 27607 Tel: (919) 829-4337 Email: jkasierski@hutchlaw.com 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. ELECTRONIC LAB: Seeks to Hire Northern Blue LLP as Counsel ---------------------------------------------------------- Electronic Lab Logs, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Northern Blue, LLP as counsel. The firm will provide these services: a. give the Debtors legal advice with respect to their duties and powers as debtors-in-possession; b. assist the Debtors in the management and/or sale of their properties and any other matter relevant to the cases or to the formulation of a plan; c. assist the Debtors in the preparation and filing of all necessary schedules, statement of financial affairs, reports, a disclosure statement, and a plan; d. assist and advise the Debtors in the examination and analysis of the conduct of the Debtors' affairs and the causes of insolvency; e. assist and advise the Debtors with regard to communications to the general creditor body regarding any matters of general interest and any proposed plan of reorganization; f. prepare, review or analyze all applications, orders, statements of operations, and schedules filed with the Court by the Debtors or other third parties, give advice to the Debtors as to their propriety, and after approval by the Debtors, consent to Orders; and g. perform such other legal services as may be required and in the interest of the Debtors, including but not limited to the commencement and pursuit of such adversary proceedings as may be authorized, and the defense of pending or future proceedings brought against the Debtors or affecting property of the estate. The firm will be paid at these rates: John A. Northen $620 per hour Vicki L. Parrott $510 per hour Paralegal $180 per hour The firm received from the Debtor a retainer of $30,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Northen 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: John A. Northen, Esq. Northen Blue LLP 1414 Raleigh Road, Suite 435 Chapel Hill, NC 27517 Tel: (919) 948-6823 Email: jan@nbfirm.com 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. ELECTRONIC SYSTEM: Hires Accounting 4 You LLC as Accountant ----------------------------------------------------------- Electronic System Sales, LLC and Party Rentals Arizona, LLC seek approval from the U.S. Bankruptcy Court for the District of Arizona to retain Accounting 4 You, LLC as its accountant in the ordinary course of business. The accountant will continue to perform the Debtors' day-to-day accounting functions and to file any necessary tax returns, including past due returns, on behalf of the Debtors. The accountant will be paid a monthly fee of $3,200. Accounting 4 You, LLC is disinterested and does not hold any interests that are materially adverse to the Debtors or the bankruptcy estates, according to court filings. The firm can be reached through: Nichole Hill Accounting 4 You, LLC 6114 US Route 60 Ashland, KY 41102-9517 About Electronic System Sales, LLC Electronic System Sales, LLC, doing business as Dish Tech, ASA Party Rentals AZ, and Hero Party Rentals AZ, operates in Prescott Valley, Arizona, where it sells and installs DISH satellite television and related internet services and rents party equipment for residential and commercial events. The company offers items including bounce houses, tents, canopies, tables, and chairs. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03456) on April 9, 2026. In the petition signed by Michael Oberan, member and CEO, the Debtor disclosed $140,763 in total assets and $1,935,157 in total liabilities. Eli Enger, Esq., at Eli Enger, Esq., represents the Debtor as legal counsel. ELITE EQUIPMENT: Seeks to Hire Duner and Foote LLP as Accountant ---------------------------------------------------------------- Elite Equipment Leasing, LLC seeks approval from the U.S. Bankruptcy Court for the District of Montana to employ Duner and Foote, LLP as accountant. The firm will render these services: (1) preparing and filing the Debtor's 2025 tax returns; and (2) providing any appropriate ancillary accounting services to the Debtors. The firm will be compensated a flat fee of $22,000. Duner and Foote, LLP is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Derrick Foote, CPA Duner and Foote, LLP 18818 Teller Ave., Suite 265 Irvine, CA 92612 Tel: (949) 263-0030 Fax: (949) 263-0037 E-mail Derrickfoote@dunercpa.com About Elite Equipment Leasing Elite Equipment Leasing LLC is a Billings, Montana-based crane rental group. Elite Equipment Leasing sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mon. Case No. 25-10145) on Sept. 7, 2025. In its petition, the Debtor estimated assets and liabilities between $10 million and $50 million. The Debtors are represented by James A. Patten, Esq. at Patten, Peterman, Bekkedahl & Green, PLLC and Lesnick Prince Pappas & Alverson LLP. Garrett Stiepel Ryder LLP is the Debtors' Special Corporate and Transactional Counsel. Curt Kroll of SierraConstellationPartners LLC is the Debtors' Financial Advisor. Epiq Corporate Restructuring LLC is the Debtors' claims agent. ELITE HEALTH: Board Authorizes Strategic Alternatives Review ------------------------------------------------------------ Elite Health Systems Inc.'s board authorized management to review strategic alternatives, including financing, asset sales, a merger or a disposition of all assets, according to a Form 8-K filing. The company said it faces a highly competitive market and complex regulatory and operational challenges. It said substantially increasing its health care membership would require significant capital and time. No timetable has been set, and the company may end the review without pursuing a transaction. The company said failure to complete a strategic alternative could materially affect liquidity, financial condition and the ability to continue operations. Elite Health plans to operate normally during the review while focusing on Medicare Advantage services and membership growth through Elite Health Plan Inc. and Physician Support Systems Inc. About Elite Health Systems Inc. Elite Health Systems Inc., based in Ontario, California, develops Medicare Advantage plans and provides health care management services. Its Elite Health Plan subsidiary operates Medicare Advantage plans in Los Angeles, Riverside and San Bernardino counties and targets senior and special-needs groups. Physician Support Systems Inc. provides medical practices with management services focused on operations, compliance and patient care. The company's strategy emphasizes coordinated care, lower total care costs and improved patient outcomes. In an audit report dated April 15, 2026, Mercurius & Associates LLP included a going-concern paragraph, citing a $12.25 million accumulated deficit and net losses of $7.8 million in 2025 and $2.06 million in 2024. The conditions raised substantial doubt about Elite Health Systems Inc.'s ability to continue as a going concern. As of March 31, 2026, Elite Health Systems Inc. reported total assets of $5.43 million, total liabilities of $1.37 million, and total stockholders' equity of $4.06 million. EWC BIG APPLE: Hires Kamini Fox PLLC as Bankruptcy Counsel ---------------------------------------------------------- EWC Big Apple, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to hire Kamini Fox, PLLC as bankruptcy counsel. The firm will render these services: (a) represent the Debtor, as debtor-in-possession, in all aspects of this subchapter V chapter 11 case; (b) prepare and file all necessary motions, applications, answers, orders, monthly reports, adversary proceedings and other necessary and appropriate documents in connection with the administration of the Debtor's estate; (c) advise the Debtor of its responsibilities and duties as a debtor and debtor-in-possession in the continued management and operation of its financial affairs and ensure insofar as practicable that it complies with its responsibilities; (d) appear at all appropriate meetings before this Court, any appellate courts, and the U.S. Trustee, and protect the interests of the Debtor's estate before such courts and the U.S. Trustee; (e) represent the Debtor in actions to protect and preserve the Debtor's estate, including the prosecution of actions on its behalf, the defense of any actions commenced against the estate, negotiations concerning all litigation in which the Debtor may be involved and object to claims filed against the estate; (f) assist the Debtor in formulating and negotiating a plan of reorganization; and, (g) perform such other further legal services to the Debtor which may be necessary. The firm will be paid at these hourly rates: Kamini Fox, Esq. $450 Of Counsel $450 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $20,000. Kamini Fox, Esq., a member of Kamini Fox, PLLC, 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: Kamini Fox, Esq. Kamini Fox, PLLC 825 E Gate Blvd #308 Garden City, NY 11530 Tel: (516) 493-9920 Fax: (516) 255-6905 Email: kamini@kfoxlaw.com About EWC Big Apple LLC EWC Big Apple, LLC operates a European Wax Center franchise in New York, which provides waxing and related personal-care services. EWC Big Apple sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11087) on May 11, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Lisa G. Beckerman presides over the case. Rudolph Ellsworth Walker, III, Esq., at the Law Offices Of Rudolph Walker III represents the Debtor as bankruptcy counsel. EXACTECH INC: $8MM Bankruptcy Agreement Ends FCA Suit ----------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that an Alabama federal judge has dismissed a False Claims Act lawsuit targeting orthopedic implant company Exactech after the parties finalized an $8 million bankruptcy-related settlement. The ruling closes a legal battle that continued while the company pursued Chapter 11 protection. The settlement resolved allegations brought under the False Claims Act and allowed the parties to avoid further proceedings. Exactech's bankruptcy case provided a framework for addressing the company's legal liabilities while working toward an overall restructuring solution, the report states. Following the dismissal, the FCA lawsuit is no longer pending before the court. The resolution adds to the list of claims addressed as Exactech moves forward with its bankruptcy process, according to report. About Exactech Inc. Exactech Inc. -- https://www.exac.com/ -- is a joint-replacement implant manufacturer owned by TPG Capital. Exactech Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-12441) on October 29, 2024. In the petition filed by Donna H. Edwards, as general counsel and senior vice president, the Debtor estimated assets and liabilities between $100 million and $500 million each. The Debtor is represented by Ryan M. Bartley, Esq. at Young Conaway Stargatt & Taylor, LLP. The creditors are represented by Eric Goodman, Esq., David Molton, Esq., and Cameron Moxley, Esq. at Brown Rudnick and TPG is represented by Mark Premo-Hopkins, Esq. at Kirkland & Ellis. FAIRWAY AMERICA: Seeks Chapter 11 Bankruptcy in Oregon ------------------------------------------------------ On July 8, 2026, Fairway America, LLC and its debtor affiliate filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Oregon. According to court filings, the debtors report approximately $11.8 million in liabilities and $5.5 million in assets. The filing indicates that no funds are expected to be available for distribution to unsecured creditors after payment of administrative expenses. About Fairway America, LLC Fairway America, LLC is a Tigard, Oregon-based boutique investment manager specializing in private real estate investments. The company provides investment management services focused on real estate opportunities and related private investment strategies. Fairway America, LLC and its debtor affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-32378) on July 8, 2026. In its petition, the debtor reported estimated assets of $5.5 million and estimated liabilities of $11.8 million. Honorable Teresa H. Pearson handles the case. The debtor is represented by Douglas R. Ricks, Esq., of Sussman Shank LLP. FINCH THERAPEUTICS: Unsecureds be Paid in Full or be Reinstated --------------------------------------------------------------- Finch Therapeutics Group, Inc., and affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a Combined Disclosure Statement and Joint Chapter 11 Plan dated July 6, 2026. Finch Therapeutics, Inc. ("FTI") was founded in 2014 (originally as Finch Scientific, Inc.) as an early pioneer in the field of microbiome therapeutics. FTI sought to develop technology to restore microbiomes in the human body, which, in turn, would directly address the underlying causes of many diseases driven by such microbiome imbalances. In September 2017, FTI merged with Crestovo Holdings, LLC, combining FTI's and Crestovo Holdings' respective microbiome platforms. In the weeks leading up to the Petition Date, the Debtors engaged Rock Creek to serve as their sales agent in connection with the marketing and sale of the Debtors' assets. In February 2026, the Debtors engaged CBCC to serve as co-counsel, along with Ropes & Gray, to assist the Debtors in navigating through the Chapter 11 Cases in a cost-effective and expeditious manner. The Debtors commenced the Auction on June 15. At the conclusion of the Auction on June 24, 2026, the Debtors reached an agreement in principle with the Ferring Purchaser on the material terms of the Sale Transaction to be consummated through a chapter 11 plan, reflecting the Ferring Purchaser's $30 million cash bid placed at the Auction. In the exercise of their reasonable business judgment, the Debtors determined that the Sale Transaction represented the highest or otherwise best offer for the Debtors' assets and designated the Ferring Purchaser as the Successful Bidder. In accordance with the Bidding Procedures, Crestovo was designated as the Back-Up Bidder. The Debtors designated (i) the Ferring Purchaser's bid as the Successful Bid and (ii) Crestovo's bid as the Back-Up Bid. The terms of Crestovo's Back-Up Bid provided for the Debtors, subject to Bankruptcy Court approval, to reimburse Crestovo for the Restructuring Expenses in the event the Debtors selected an alternative bid or proposal as the highest or otherwise best offer under the Bidding Procedures. This Combined Disclosure Statement and Plan implements the Sale Transaction, the material terms of which provide for: * the Ferring Purchaser to acquire substantial assets of the Debtors, including various patents and other intellectual property rights owned by or licensed to the Debtors and the Debtors' rights with respect to the District Court Judgment and Patent Litigation but excluding certain other assets as identified in the Ferring APA; * the Debtors to assume and assign to the Ferring Purchaser the Assigned Executory Contracts and Unexpired Leases identified in the Ferring APA and other Sale Transaction Documents; * the Ferring Purchaser to pay the Debtors a cash purchase price of $30 million plus (i) payment by the Ferring Purchaser of all Cure Claims and (ii) the assumption by the Ferring Purchaser of certain liabilities identified in the Ferring APA and other Sale Transaction Documents; and * the Sale Transaction to be implemented and effectuated through this Combined Disclosure Statement and Plan and the Confirmation Order, with the closing of the Sale Transaction to occur following entry of the Confirmation Order; provided, however, that, pursuant to the Ferring APA, if the Plan has not been confirmed by September 1, 2026, the Ferring Purchaser may elect to seek entry of a sale order pursuant to section 363 of the Bankruptcy Code to consummate the Sale Transaction outside of the Plan. Generally speaking, this Combined Disclosure Statement and Plan: * provides for the sale of substantially all of the Debtors' assets, other than Excluded Assets, to the Ferring Purchaser through the Sale Transaction and Ferring APA; * places Claims against and Interests in the Debtors in particular Classes under the Plan; * provides for payment in full or such other treatment as to render such Claims Unimpaired of Allowed Administrative Claims, Allowed Professional Claims, Allowed Priority Tax Claims, Allowed Other Secured Claims, Allowed Other Priority Claims, and Allowed General Unsecured Claims from the net Sale Proceeds and Cash on hand of the Debtors as of the Effective Date; * provides for any remaining net Sale Proceeds and other Cash on hand of the Debtors as of the Effective Date, after payment of the foregoing Allowed Claims and the establishment of a Disputed Claims Reserve, Professional Claims Escrow Account, and any other reserve or escrow authorized or permitted to be established in the Plan Administrator's discretion under the Plan, to be distributed Pro Rata to Holders of Allowed FTG Equity Interests; * designates and appoints a Plan Administrator to, among other things, administer the Plan, reconcile Claims asserted against any Debtor, wind down the Debtors' remaining affairs and operations, and make distributions in accordance with the Combined Disclosure Statement and Plan to Holders of Allowed Claims and Interests to the extent set forth in the Plan; and * provides for the rejection of any executory contracts and unexpired leases that are not assumed and assigned to the Ferring Purchaser in accordance with the Sale Transaction and Ferring APA and are not otherwise set forth in the Schedule of Assumed and Retained Contracts and Leases. Class 3 consists of all General Unsecured Claims against the applicable Debtor. Except to the extent that a Holder of a General Unsecured Claim and the applicable Debtor, Liquidating Debtor, or the Plan Administrator agree to less favorable treatment, on the Effective Date or as soon as reasonably practicable thereafter or after such General Unsecured Claim becomes Allowed, each Holder of an Allowed General Unsecured Claim shall receive, at the Debtors', Liquidating Debtors', or Plan Administrator's option, in full and final satisfaction, compromise, settlement, release, and discharge of, and in exchange for such Allowed General Unsecured Claim: (a) payment in full in Cash; (b) Reinstatement of its Allowed General Unsecured Claim; or (c) such other treatment rendering its Allowed General Unsecured Claim Unimpaired in accordance with section 1124 of the Bankruptcy Code. Class 3 is Unimpaired under the Plan. Holders of Allowed General Unsecured Claims are conclusively presumed to have accepted the Plan under section 1126(f) of the Bankruptcy Code. Therefore, Holders of Allowed General Unsecured Claims are not entitled to vote to accept or reject the Plan. On or prior to the Effective Date, the Debtors shall consummate the sale and transfer of the Purchased Assets to the Ferring Purchaser and assume the Assigned Executory Contracts and Unexpired Leases and assign them to the Ferring Purchaser and, in exchange, Ferring Purchaser shall pay the Purchase Price (as defined in the Ferring APA) to the Debtors. The Ferring Purchaser and the Debtors shall cooperate and take such actions as are provided in the Ferring APA and other Sale Transaction Documents to consummate the Sale Transaction. A full-text copy of the Combined Disclosure Statement and Plan dated July 6, 2026 is available at https://urlcurt.com/u?l=lMJWZL from Omni Agent Solutions, Inc., claims agent. Co-Counsel to the Debtors: CHIPMAN BROWN CICERO & COLE, LLP Robert A. Weber, Esq. Hercules Plaza 1313 North Market Street, Suite 5400 Wilmington, Delaware 19801 Telephone: (302) 295-0191 E-mail: weber@chipmanbrown.com Daniel G. Egan, Esq. 420 Lexington Avenue, Suite 442 New York, New York 10170 Telephone: (646) 741-5529 E-mail: egan@chipmanbrown.com ROPES & GRAY LLP Cristine Pirro Schwarzman, Esq. Cameron J. Cavalier, Esq. 1211 Avenue of the Americas New York, New York 10036 Telephone: (212) 596-9000 E-mail: cristine.schwarzman@ropesgray.com cameron.cavalier@ropesgray.com Chris L. Dickerson, Esq. 191 North Wacker Drive, 32nd Floor Chicago, Illinois 60606 Telephone: (312) 845-1200 E-mail: chris.dickerson@ropesgray.com About Finch Therapeutics Group Finch Therapeutics Group Inc. is a microbiome therapeutics company founded in 2014 that focused on technologies designed to restore the human microbiome and address diseases linked to microbial imbalances. The company built an intellectual property portfolio of more than 160 U.S. and international patents and applications covering donor-derived and donor-independent therapies for conditions such as ulcerative colitis, Crohn's disease and autism spectrum disorder. After discontinuing its Phase III CP101 trial for recurrent Clostridioides difficile infection in January 2023, Finch ceased development activities and shifted its focus to monetizing its intellectual property through licensing and enforcement, and as of March 22, 2026, is non-operating with no consistent revenue or positive cash flow, with its primary assets consisting of its intellectual property and related research portfolio. Finch Therapeutics Group and its affiliates filed their voluntary petitions for Chapter 11 protection (Bankr. D. Dela. Lead Case No. 26-10409) on March 22, 2026. In the petitions signed by Matthew P. Blischak, chief executive officer, Finch Therapeutics Group disclosed up to $10 million in assets and up to $50,000 in liabilities. Judge Laurie Selber Silverstein oversees the cases. The Debtors tapped Chipman Brown Cicero & Cole, LLP and Ropes & Gray LLP as counsel and Rock Creek Advisors as investment banker and financial advisor. Omni Agent Solutions, Inc. is the Debtors' claims and noticing agent. FIRST STEP: Robert Handler Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 11 appointed Robert Handler of Commercial Recovery Associates, LLC as Subchapter V trustee for First Step USA, Inc. Mr. Handler 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. Handler declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Robert P. Handler Commercial Recovery Associates, LLC 205 West Wacker Drive, Suite 918 Chicago, IL 60606 Tel: (312) 845-5001 x221 Email: rhandler@com-rec.com About First Step USA Inc. First Step USA, Inc. is a Lake Zurich, Illinois-based wholesaler of heating, ventilation, and air conditioning (HVAC) equipment operating under the Beenimax brand. It distributes HVACR products, including sensors, valves, and motors, serving professional contractors from its Lake Zurich facility. First Step USA filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-11092) on July 2, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $100,000 to $500,000. The Debtor is represented by David P. Leibowitz, Esq., at the Law Offices of David P. Leibowitz, LLC. FOUR SEASONS: Fitch Assigns 'BB+' LongTerm IDR, Outlook Stable -------------------------------------------------------------- Fitch Ratings has assigned a 'BB+' Long-Term Issuer Default Rating (IDR) to Four Seasons Holdings Inc. and Four Seasons Hotels Limited (collectively, 'Four Seasons'), and a long-term debt rating of 'BBB-' with Recovery Rating of 'RR1' to its term loan. The Outlook on the IDR is Stable. The 'BB+' IDR reflects Four Seasons' strong global luxury brand, asset-light management services model and high EBITDA margin, which supports durable cash generation and low leverage. Fitch expects EBITDA leverage to remain below 3.0x through the four-year forecast horizon. The rating is constrained by the company's modest scale, single-brand concentration and the absence of a formal financial policy. Key Rating Drivers Small Scale, Global Brand Strength: Four Seasons' rating is constrained by its smaller scale and single-brand positioning relative to diversified, multi-brand lodging peers. The company operates solely in the luxury segment, which limits participation in other segments. Reliance on a single brand heightens reputational risk given the absence of brand diversification to offset potential demand disruption. With 138 managed properties and last 12 months (LTM) EBITDA of around $314 million as of 1Q26, Four Seasons has a smaller earnings base, and Fitch views this as a rating constraint. This constraint is meaningfully offset by Four Seasons' globally recognized brand, which underpins superior pricing power and strong EBITDA margins. The brand's established global presence provides a degree of demand resilience that mitigates the scale disadvantage. Lack of Financial Policy: The absence of a formal financial policy remains a credit risk, limiting Fitch's ability to assess leverage and distribution commitments over the economic cycle. Shareholders demonstrate long-term commitment to the company's growth objectives; however, Fitch incorporates recurring distributions in its base case, reflecting the $105 million dividend paid to shareholders in 2025 and the $275 million used for shareholder transactions in 1Q26, both funded from the company's strong cash generation. Fitch expects EBITDA leverage to remain below 3.0x across the forecast period, well within Fitch's 4.0x downgrade threshold, supported by stable operating cash flow generation. The credit agreement permits restricted payments provided the total funded net debt to EBITDA ratio does not exceed 3.5x on a pro forma basis, offering considerable headroom for distributions from current leverage levels. A formal commitment to sustaining leverage below 3.0x would support upward ratings momentum. Luxury Brand Drives Resilient Demand: Fitch views Four Seasons' luxury positioning as a key competitive advantage, driven by stronger demand resilience and pricing power relative to broader lodging markets. Revenue per available room (RevPAR) reached $506 in 2025 and grew 7.4% year-on-year in 1Q26 to $519, driven by average daily rate (ADR) growth, with broad-based strength across all regions excluding Middle East & Africa. Fitch expects this premium positioning to continue supporting pricing power and earnings growth over the forecast period. Asset-Light Business Model: Four Seasons' asset-light management model supports consistently high margins and insulates the company from direct property-level costs as it does not own the underlying real estate. It earns fee-based revenue and avoids direct exposure to hotel-level operating costs, capex and real-estate valuation risk. This structure supports EBITDA margins of 63% on an LTM basis. Fitch expects EBITDA margins to remain in the low 60% range, with fee streams less sensitive to property-level cost swings than for owned-hotel operators. Diversified Fee Revenue Streams: Four Seasons earns fees across base management, incentive, residential and ancillary streams. Base fees provide contractual stability, while incentive fees offer performance-linked upside without ownership risk. Residential fees grew 16% in 2025. New ventures, such as yacht management, represent a growing opportunity in adjacent revenue streams. Total revenue grew 10.7% in 1Q26, with gains in the Americas, Europe and Asia-Pacific offsetting weaker Middle East & Africa performance. Fitch expects revenue growth of about 12% in 2026 and average in the mid-single digits over 2027 to 2029 as growth normalizes. Volatile License Fee Revenue: Residential license fees represent a modest but volatile portion of Four Seasons' revenue, ranging from 7% to 12% historically, given their dependence on the timing and volume of residential unit sales and closings. Management budgets for a step-up to 13% of revenue in 2026, though sustaining this level requires maintaining a strong development pipeline. Fitch conservatively assumes license fees will moderate to high single digits beyond 2026 to account for this volatility. Growth Supported by Pipeline: Four Seasons' fee revenues are supported by strong contractual visibility, with a weighted-average remaining contract life of 54.7 years and new contracts structured at about 80 years including renewal options. An active pipeline of 66 hotels and 11 standalone residences support a clear trajectory for incremental fee growth over the medium term. Of the 66 hotel pipeline projects, 39 carry a residential component, reinforcing the durability and diversification of the forward revenue stream. Fitch expects the active pipeline to translate into sustained fee growth over the forecast period. Peer Analysis Four Seasons' single-brand, luxury chain scale positioning distinguishes it from the broader lodging peer group. Wyndham Hotels & Resorts Inc. (BB+/Stable), Hyatt Hotels Corporation (BBB-/Stable) and Accor SA (BBB/Stable) each operate multi-brand portfolios, with Wyndham concentrated across economy to upper-midscale, Hyatt skewed toward upper-upscale and luxury, and Accor spanning economy to luxury. Four Seasons' exclusive focus on the luxury segment, supported by a highly personalized, experience-led service model, underpins strong pricing power and a moderately resilient, wealth-driven demand base. Four Seasons operates a fully asset-light management contract model, consistent with the strategic direction pursued by Hyatt and Accor, both of which have materially reduced owned and leased hotel exposure in recent years. Unlike Wyndham, which generates revenue exclusively through franchise fees, and Hyatt and Accor, which benefit from a mix of management and franchise revenues, Four Seasons relies solely on management fees. While this results in less revenue diversification than peers, it supports the operational consistency and service standards central to its luxury positioning and high margin profile. Unlike peers such as Wyndham, which maintains a stated net leverage target of 3.0x-4.0x, and Hyatt, which remains committed to an investment-grade credit profile, Four Seasons does not maintain a formal financial policy. Fitch’s Key Rating-Case Assumptions - RevPAR growth of about 3% in 2026, reflecting deceleration from FY2025's 6.1% given ongoing Middle East & Africa headwinds and broader macro uncertainty; RevPAR growth is assumed to remain around 3% through the forecast horizon; - Base management fees are assumed to remain stable as a percentage of gross operating revenues throughout the forecast, consistent with historical performance; incentive fees are similarly assumed to remain in line with historical averages as a percentage of gross operating profit; - EBITDA margins remain broadly stable at approximately 60%-62% throughout the forecast supported by the almost fixed cost structure; - Capex remains at 13% of revenue throughout the forecast given the asset-light model; - Fitch expects the company to continue returning capital to shareholders over the forecast period, given the strong operating cash flow generation. 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+', higher), sector characteristics ('bbb', moderate), market and competitive positioning ('bb-', higher), diversification and asset quality ('bb', moderate), company operational characteristics ('a', moderate), profitability ('a', lower), financial structure ('a+', moderate), and financial flexibility ('bbb', moderate). The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2025, 40% for the forecast year 2026 and 40% for the forecast year 2027. The governance assessment of 'good' has no impact. The operating environment assessment of 'a+' has no impact. The SCP is 'bb+'. To derive the Long-Term IDR: Fitch made no adjustments to the SCP, resulting in an IDR of 'BB+'. Recovery Analysis Fitch applies the generic approach for issuers in the 'BB' rating category, aligning the IDR and unsecured debt instrument ratings when average recovery prospects are expected, according to its "Corporates Recovery Ratings and Instrument Ratings Criteria". Issuers rated 'BB-' and above are considered too distant from default to conduct a credible default scenario analysis, which would likely result in Recovery Ratings (RRs) that are too high across all instruments. Where a RR is assigned, the generic approach considers the relative instrument rankings and their recoveries, along with the higher enterprise valuation associated with 'BB' ratings for the most senior instruments. Fitch classifies Four Seasons' senior secured term loan as Category 1. Considering its IDR of 'BB+', the Category 1 first lien senior secured debt is notched up one level to 'BBB-'/'RR1'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - Fitch's expectations of EBITDA leverage sustained above 4.0x; - Sustained RevPAR deterioration indicating loss of competitive positioning or demand resilience in the luxury segment. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Material increase in scale, evidenced by sustained EBITDA growth towards $500 million; - Adoption of a formal financial policy committing to sustaining EBITDA leverage below 3.0x through the economic cycle. Liquidity and Debt Structure As of March 31, 2026, Four Seasons had about $523 million in cash and cash equivalents, following a shareholder transaction of $275 million executed in 1Q26. Fitch expects the company to direct excess free cash flow toward continued shareholder returns, with free cash flow margins projected in the low to mid-30% range over the forecast period. The company's capital structure consists of a $828.8 million senior secured term loan due September 2032, subject to annual mandatory amortization of 1%. Four Seasons is seeking to reprice its existing $823 million senior secured first lien term loan B, with the facility size, maturity and covenants remaining unchanged because of the transaction. Fitch views the repricing as leverage-neutral and credit-neutral, with any interest savings providing modest incremental benefit to free cash flow. Issuer Profile Four Seasons is a privately held, Canada-domiciled luxury hospitality company headquartered in Toronto, Ontario. It is engaged in the management of hotels, resorts and branded residential projects throughout the world. As of June 2026, Four Seasons manages 138 hotels across 50 countries. The company is majority owned by Cascade Investment, LLC, with Kingdom Holding Company and Isadore Sharp and his family retaining minority stakes. Summary of Financial Adjustments Fitch excludes cost reimbursements, from its calculations of both revenue and EBITDA. These costs encompass expenses related to other management services including corporate marketing, sales and advertising, and centralized reservation services provided to managed properties. The revenues and associated expenses are considered equivalent, meaning they generally match in amount, with any differences resulting from timing discrepancies. This equivalence implies that the revenue generated from these activities is offset by the costs incurred, often leading to large figures that can skew the perception of growth and margins. By excluding these elements, Fitch aims to more accurately reflect the issuer's true financial profile. Date of Relevant Committee 29-Jun-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 Four Seasons Holdings Inc. 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 ----------- ------ -------- Four Seasons Holdings Inc. LT IDR BB+ New Rating Four Seasons Hotels Limited LT IDR BB+ New Rating senior secured LT BBB- New Rating RR1 FRANCISCAN FRIARS: URC Hires Otterbourg P.C. as Legal Counsel ------------------------------------------------------------- Melanie Cyganowski, the Unknown Abuse Claims Representative of Franciscan Friars of California, Inc., seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Otterbourg P.C. as its counsel. The firm will render these services: a) represent the UCR in any proceeding or hearing before this Court where the rights of the Unknown Abuse Claimants may be litigated or affected as a result of the Case; b) advise the UCR with respect to her rights, duties, and powers under the Bankruptcy Code and under the Plan; c) assist the UCR in analyzing the potential claims of the Unknown Abuse Claimants; d) review data, including of settlements, internal policies, research studies, and the like; e) analyze applications, orders, statements of operations, and schedules filed with this Court and advise as to any impact on the Unknown Abuse Claimants' rights or compensation; f) prepare and file any related monthly, interim or final fee applications; g) prepare and file with the Court a report that details the UCR's recommendations for compensation of Unknown Abuse Claimants; h) perform other legal services as may be required in accordance with the UCR's powers and duties under the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm's hourly rates are: Partner/Counsel $925 to $2,150 Associate $425 to $1,100 Paraprofessional $465 As disclosed in the court filings, Otterbourg P.C. does not hold or represent any interest adverse to the Debtor or its estate, its creditors, or any other party in interest and is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Jennifer S. Feeney, Esq. Otterbourg P.C. 230 Park Avenue New York, NY 10169-0075 Tel: (212) 661-9100 Email: jfeeney@otterbourg.com About Franciscan Friars of California Franciscan Friars of California, Inc., is a tax-exempt religious organization in Oakland, Calif. The Debtor was formed to provide religious, charitable, and educational acts, ministry, and service to the poor. Franciscan Friars of California, Inc., filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case No. 23-41723) on Dec. 31, 2023, listing $1 million to $10 million in assets and $10 million to $50 million in liabilities. David Gaa, OFM, president of the Debtor, signed the petition. Judge William J. Lafferty oversees the case. The Debtor tapped Binder Malter Harris & Rome-Banks LLP as bankruptcy counsel; Hanson Bridgett LLP, Weintraub Tobin Chediak Coleman Grodin Law Corporation, and Bledsoe, Diestel, Treppa & Crane LLP as special counsel; and GlassRatner Advisory & Capital Group LLC, doing business as B. Riley Advisory Services, as financial advisor. Donlin, Recano & Company, Inc. is the Debtor's administrative advisor. The Official Committee of Unsecured Creditors retained Lowenstein Sandler LLP and Keller Benvenutti Kim LLP as counsel, and Berkeley Research Group, LLC as its financial advisor. FRAZER SCHOOL: Hires Shumaker Loop & Kendrick as General Counsel ---------------------------------------------------------------- Frazer School, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to hire Shumaker, Loop & Kendrick, LLP as general counsel. The professional services the firm will render are: a. give the Debtor legal advice with respect to its duties and powers as a Debtor-in-Possession; b. prepare, on behalf of the Debtor, the necessary schedules, motions, notices, pleadings, petitions, schedules, answers, orders, reports and other legal papers required in this Chapter 11 case and related proceedings; c. assist in pursuing property of the estate, including asset recovery and avoidable transfers; d. assist in the formation, preparation and approval of an appropriate Disclosure Statement and Chapter 11 Plan, and to proceed to confirmation of the same; and e. provide all other reasonably necessary and appropriate legal services to the administration of the Debtor's estate. The firm has not received a retainer for its post-petition work in these cases, as Steven M. Berman, Esq. has agreed to represent the Debtor pro bono in this matter. The firm paid $1,738 for the filing fee, and will seek reimbursement from Debtor for out-of-pocket expenses. Shumaker, Loop & Kendrick, LLP is a "disinterested person" as that term is defined in 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Steven M. Berman, Esq. SHUMAKER, LOOP & KENDRICK, LLP 101 E. Kennedy Blvd., Suite 2800 Tampa, FL 33602 Phone: (813) 229-7600 Email: sberman@shumaker.com About Frazer School, Inc. The Frazer School is a private K-12 school based in Gainesville, Florida. Established in 2024, the school provides elementary and secondary education, including core subject instruction and course offerings across Advanced Placement, honors, and competition courses. It also offers clubs and sports, tutoring, and student-run summer camps, including a Prealgebra Camp for rising fifth through ninth graders in Alachua County. Frazer School, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-10181) on June 12, 2026, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Olanrewaju Fayiga as principal and board member. Steven M Berman, Esq. at SHUMAKER LLP serves as the Debtor's counsel. GATOR LANES: Case Summary & 11 Unsecured Creditors -------------------------------------------------- Debtor: Gator Lanes, LLC 3715 Westbank Expressway Harvey, LA 70056 Business Description: Gator Lanes, LLC, doing business as Westside Bowling Lanes, operates a bowling, dining, and entertainment venue in Harvey, Louisiana. The company provides bowling and league play, party and private-event bookings, restaurant and bar services, takeout, group dining, and catering. The venue was originally established in the 1960s and reopened in 2016 following a renovation. Chapter 11 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Eastern District of Louisiana Case No.: 26-11680 Debtor's Counsel: Patrick S. Garrity, Esq. DERBES LAW FIRM, LLC 3027 Ridgelake Dr. Metairie, LA 70002 Tel: (504) 207-0920 E-mail: pgarrity@derbeslaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Hoang Cao as member. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PF4AFWY/Gator_Lanes_LLC__laebke-26-11680__0001.0.pdf?mcid=tGE4TAMA GLOBAL LEADERSHIP: Hires McManimon Scotland & Baumann as Counsel ---------------------------------------------------------------- Global Leadership Foundation seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ McManimon, Scotland & Baumann, LLC 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 its affairs and property; (b) represent the Debtor before the Bankruptcy Court and advise it on pending litigation, hearings, motions, and decisions of the Bankruptcy Court; (c) review and advise the Debtor regarding applications, orders, and motions filed with the Bankruptcy Court by other parties in this proceeding; (d) communicate with creditors and other parties in interest; (e) assist the Debtor in preparing all motions, applications, answers, orders, reports, and papers necessary to the administration of the estate; (f) confer with other professionals retained by the Debtor and other parties in interest; (g) negotiate and prepare the Debtor's Chapter 11 plan, related disclosure statement, and all related agreements and documents and take any necessary actions on its behalf to obtain confirmation of the plan; and (h) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case. The firm will be paid at these hourly rates: Sari Placona, Partner $550 Attorneys $210 - $775 Paralegals $145 - $275 Debtor paid the firm an initial retainer of $26,738 which includes the filing fee. Ms. Placona 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: Sari Placona, Esq. McManimon, Scotland & Baumann, LLC 75 Livingston Avenue Roseland, NJ 07068 Telephone: (973) 622-1800 Facsimile: (973) 622-7333 About Global Leadership Foundation Global Leadership Foundation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43141) on June 26, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Elizabeth S. Stong presides over the case. Sari Placona, Esq. Mcmanimon Scotland & Baumann, LLC represents the Debtor as legal counsel. GREER EXCAVATING: Hires Dunham Hildebrand Payne as Counsel ---------------------------------------------------------- Greer Excavating, LLC and affiliates seek approval from the U.S. Bankruptcy Court for the Middle District of Tennessee to employ Dunham Hildebrand Payne Waldron, PLLC as counsel. The firm will render these services: (a) render legal advice with respect to the rights, power, and duties of the Debtor in the management of its assets and operations; (b) investigate and, if necessary, institute legal action on behalf of the Debtor to collect and recover assets of its estate; (c) prepare all necessary pleadings, orders and reports with respect to this proceeding and to render all other necessary or proper legal services; (d) assist and counsel the Debtor in the preparation, presentation, and confirmation of a plan of reorganization; (e) represent the Debtor as may be necessary to protect its interests; and (f) perform all other legal services that may be necessary and appropriate in the general administration of Debtor's estate. The firm will be paid at these hourly rates: Attorneys $500 - $550 Paralegals $200 - $225 The firm received a total retainer of $80,214. Henry Hildebrand, IV, Esq., an attorney at Dunham Hildebrand Payne Waldron, 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: Henry E. Hildebrand, IV, Esq. Dunham Hildebrand Payne Waldron, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Telephone: (615) 933-5851 Email: ned@dhnashville.com About Greer Excavating, LLC Greer Excavating LLC is a Crossville, Tennessee-based site preparation and excavation contractor providing excavation, grading, utility installation, and related construction services throughout Middle Tennessee. As of mid-2026, the company remained active on infrastructure projects, including bidding on a $2 million municipal water line project, while maintaining a fleet of heavy equipment and recruiting personnel to support ongoing operations. Greer Excavating LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-02384) on June 29, 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 Randal S. Mashburn is overseeing the case. The Debtor is represented by Henry E. Hildebrand, Esq. of Dunham Hildebrand Payne Waldron, PLLC. GROFF TRACTOR: Plan Exclusivity Period Extended to Aug. 11 ---------------------------------------------------------- Judge Edward L. Morris of the U.S. Bankruptcy Court for the Northern District of Texas extended Groff Tractor Mid Atlantic, LLC, and its affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 11 and Oct. 13, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that until the closing of the Sale, the Debtors (a) operated eight heavy equipment dealerships, (b) in four states, (c) with employee membership in multiple labor unions, (d) with business-to-business and business-to-consumer retail strategies, (e) funded by more than a half-dozen secured financing facilities with contractual and state-law intercreditor relationships, (f) all amidst the backdrop of a free-fall chapter 11 filing without any negotiated sale process or postpetition financing or cash collateral usage. Since the Petition Date, significant progress has been made, including the iterative negotiation of cash collateral usage, the consensual use of other lenders' collateral, the negotiation of a postpetition financing facility with at least two financing sources, and the approval of bidding, auction, and sale procedures, ultimately resulting in a successful going concern Sale. The Debtors claim that they are substantially current on postpetition liabilities, which pave the way to a possible successful chapter 11 plan. These developments, milestones, and accomplishments support a finding of cause for granting this Motion. Additionally, the Debtors' purpose in seeking an extension of the Exclusivity Period is a good-faith effort to continue the reorganization efforts they have initiated without the distraction and costs of a competing plan process. The relief requested in the Motion is not intended for the purpose of coercing or strong arming any creditor, but rather to benefit all of the Estates' stakeholders as a whole. Moreover, an extension of the Exclusivity Period will not result in prejudice to any creditor or party in interest, and instead, will enable the Debtors to continue focusing on proposing a viable, fair, and comprehensive plan that would be supported by the major constituents. The Debtors believe that if the Court further extends the Exclusivity Period, it will clear a path for the Debtors to seek confirmation of a feasible Chapter 11 plan. Counsel to the Debtors: Joshua N. Eppich, Esq. Eric T. Haitz, Esq. BONDS ELLIS EPPICH SCHAFER JONES LLP 420 Throckmorton Street, Suite 1000 Fort Worth, TX 76102 Phone: (817) 405-6900 Fax: (817) 405-6902 E-mail: joshua@bondsellis.com E-mail: eric.haitz@bondsellis.com - and - Ken Green, Esq. 402 Heights Boulevard Houston, Texas 77007 Tel: (713) 335-4990 Fax: (713) 335-4991 E-mail: ken.green@bondsellis.com About Groff Tractor Mid Atlantic Groff Tractor Mid Atlantic LLC and subsidiaries operates a network of construction equipment dealerships serving the Mid-Atlantic region of the United States. The Company sells, rents, and services heavy and compact construction machinery, offering parts and attachments for brands such as Wirtgen, Hamm, Vogele, Transtech, Thunder Creek, John Deere Equipment, and TopCon. Groff Tractor Mid Atlantic LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-90010) on Oct. 14, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Joshua N. Eppich, Esq. of BONDS ELLIS EPPICH SCHAFER JONES LLP. HARVEST SHERWOOD: Atlas Grove Wins Court OK for $150M DIP Facility ------------------------------------------------------------------ Atlas Grove Management announced on July 8, 2026, that it received court approval and funding of a $150 million debtor-in-possession facility to the Harvest Sherwood Food Distributors' bankruptcy estate. Atlas Grove is also the "stalking horse" for the exit funding process of Harvest, which was the largest independent wholesale food distributor in the United States before ceasing operations in April 2025 and filing for chapter 11 bankruptcy protection the following month. The exit financing plan is currently slated for a confirmation hearing in August. As Plan Funder, Atlas Grove would seek to maximize value of more than $1 billion in antitrust litigation claims against more than 25 defendants, primarily across the chicken, pork and beef producer industries. Atlas Grove's plan would provide the Harvest estate with the financial resources and strategic expertise necessary to maximize the value of these litigation assets. "We believe there is significant merit and associated value in the litigation claims that are the remaining assets of the Harvest Sherwood Bankruptcy Estate," said R Christian Wyatt, Co-Founder and Managing Partner, Atlas Grove Partners. "We are pleased that the Debtors selected our firm as replacement DIP lender and believe we are well positioned as stalking horse to ultimately be confirmed as Plan Funder later this summer, at which point we can oversee the complex process of asset recovery and litigation management for the more than $1 billion of claims currently held by the Estate." "Our team and partners have significant expertise in bankruptcy winddowns, and we intend to maximize recoveries for the Debtors of the Harvest Estate through the DIP facility we are providing and hopefully, the subsequent exit facility," said David Proman, Co-Founder and Managing Partner, Atlas Grove Partners. "We believe that our experience across similar situations will be beneficial to maximizing value for the Estate." Mitch Hurley and Sarah Schultz of Akin advised Atlas Grove on this matter. About Harvest Sherwood Food Distributors Harvest Sherwood is a U.S.-based national food distribution company formed through the merger of Sherwood Food Distributors and Harvest Food Distributors. It operates 14 distribution centers and delivers over 32 million pounds of food weekly to customers including retailers, cruise lines, and food service providers. In early 2025, the Company initiated the wind-down of its operations and is pursuing asset sales through Chapter 11 proceedings to facilitate an orderly wind down of its estates. On May 5, 2025, Harvest Sherwood Food Distributors, Inc., and its affiliates sought Chapter 11 protection (Bankr. N.D. Tex. Lead Case No. 25-80109). The Hon. Stacey G. Jernigan is the case judge. Harvest Sherwood listed $1 billion to $10 billion in assets against $500 million to $1 billion in liabilities as of the bankruptcy filing. The Debtors tapped Sidley Austin LLP as general bankruptcy counsel, MERU, LLC, as financial advisor, and Hilco Commercial Industrial LLC and Hilco Receivables, LLC, as restructuring advisor. EPIQ Corporate Restructuring, LLC, is the claims agent. The official committee of unsecured creditors retained McDermott Will & Emery LLP as counsel and Province, LLC as financial advisor. HIGHPOINT ASSOCIATES VI: Commences Chapter 11 Bankruptcy in NY -------------------------------------------------------------- On July 13, 2026, Highpoint Associates VI, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of New York, Brooklyn Division. According to court filings, the debtor reports between $10 million and $50 million in liabilities owed to 1 to 49 creditors. A meeting of creditors filed by the Office of the United States Trustee under Section 341(a) to be held on August 10, 2026 at 03:00 PM at USA Toll-Free (888) 330-1716, USA Caller Paid/International Toll (713) 353-7024, Access Code 1165157. The court has scheduled Nov. 10, 2026, as the due date for the Chapter 11 plan and disclosure statement. About Highpoint Associates VI, LLC Highpoint Associates VI, LLC is a Queens, New York-based real estate investment and property ownership company that operates as a real estate holding entity. Historically, its portfolio included a 76-unit residential property at 84-53 Dana Court in Queens, which was managed by Bronstein Properties as of February 2024. Court records also indicate the entity became associated with Maguire Capital Group following a 2024 foreclosure action. Highpoint Associates VI, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43372) on July 13, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Elizabeth S. Stong handles the case. The debtor is represented by J. Ted Donovan, Esq., of Goldberg Weprin Finkel Goldstein LLP. HOSTEL FISH: Hires Schwabe Williamson & Wyatt as Counsel -------------------------------------------------------- Hostel Fish Seattle LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Schwabe Williamson & Wyatt P.C. as counsel. The firm will provide these services: (a) provide general counseling and representation in connection with these cases; (b) prepare and file a Plan of Reorganization and Disclosure Statement; (c) prepare and file applications to employ any professionals; (d) prepare and file sale motions for personal or real property; and (e) assist with reporting and compliance with other bankruptcy debtor duties. The firm will be paid at these rates: Laurie M. Thornton $650 per hour Daniel R. Kubitz $525 per hour Davis B. Leigh $470 per hour Prior to the filing the petition, the Debtor paid the firm the amount of $14, 902.50, for preparation of the petition and related items. The firm has received an advance fee deposit from the Debtor which is being held in trust and the balance of which as of the time of filing the petition is $30,097.50. Laurie M. Thornton, Esq. disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Laurie M. Thornton, Esq. Schwabe, Williamson & Wyatt, P.C. 1420 5th Avenue, Suite 3400 Seattle, WA 98101 Telephone: (206) 622-1711 E-mail: lthornton@schwabe.com About Hostel Fish Seattle LLC Hostel Fish Seattle LLC is a Seattle-based provider of boutique hostel accommodations. The company operates a 129-room hostel in the Belltown district, serving domestic and international travelers with affordable lodging options. Hostel Fish Seattle LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. not provided) on June 25, 2026. The petition lists estimated assets ranging from $100,000 to $500,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Timothy W. Dore presides over the case. The Debtor is represented by Daniel Kubitz, Esq. and Laurie Thornton, Esq. of Schwabe Williamson & Wyatt P.C. HTCI CO: Commences Chapter 11 Bankruptcy in Ohio ------------------------------------------------ On July 13, 2026, HTCI, Co. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Ohio (Case No. 26-31499). According to the court filing, the Debtor reports between $1 million and $10 million in estimated liabilities owed to 1-49 creditors. About HTCI, Co. HTCI, Co. is a New Carlisle, Ohio-based aluminum foundry and casting company with its principal place of business in Springboro, Ohio. The company specializes in aluminum permanent mold and sand casting for industrial applications. As of early 2024, HTCI operated a 60,000-square-foot manufacturing facility and employed approximately 65 workers. HTCI, Co. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-31499) on July 13, 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 Tyson A. Crist is overseeing the case. The Debtor is represented by Elizabeth M. Chinault, Esq. of Thomsen Law Group LLC and Darlene E. Fierle, Esq. INGLEWOOD UNIFIED: Expects to Exit Receivership in 2027 ------------------------------------------------------- Jason Henry of Pasadena Star News reports that after nearly 14 years under state control, the Inglewood Unified School District is expected to emerge from receivership next year, restoring decision-making authority to its locally elected school board. State officials announced the district has made significant progress in rebuilding its financial and operational systems, bringing it closer to ending California's longest-running school district receivership. The state assumed control of IUSD in 2012 after the district required a $29 million emergency loan because of severe financial difficulties. Since then, administrators appointed by state and county education officials have overseen district finances, facilities and governance while implementing extensive reforms designed to stabilize operations, the report states. Education officials said the district has successfully completed most of the required oversight benchmarks and expects to finish the remaining work within the next year. While enrollment declines and financial pressures remain concerns, district leaders said they are committed to maintaining the improvements needed to sustain local control after receivership ends. About Inglewood Unified School District Headquartered in Inglewood, California, Inglewood Unified School District operates public elementary, middle and high schools serving communities in the greater Los Angeles area. The district offers academic, career education and student support programs while continuing efforts to strengthen educational outcomes and financial performance. The State of California placed Inglewood Unified School District into receivership in 2012 after the district sought emergency financial assistance through a $29 million state loan. The action transferred operational and financial authority to a state administrator responsible for stabilizing the district and implementing a long-term recovery plan. Throughout the receivership, district leaders carried out broad restructuring initiatives, including budget reductions, school consolidations, improved financial reporting and enhanced operational controls. The district also focused on strengthening educational outcomes while addressing persistent financial challenges caused by declining enrollment and rising operating costs. INNOVATE CORP: To Receive $11M in Cash Dividend From DBM Global --------------------------------------------------------------- INNOVATE CORP. announced that DBM Global Inc., a family of companies providing fully integrated steel construction services, and an operating subsidiary of INNOVATE, will pay a cash dividend of approximately $12 million, or $3.12 per share, on August 3, 2026 to DBMG's stockholders of record at the close of business on July 20, 2026. As the largest stockholder of DBMG, INNOVATE expects to receive approximately $11 million of the total $12 million dividend payout. INNOVATE's individual stockholders are not eligible to receive the cash dividend. About Innovate INNOVATE Corp. is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. The Company seeks to grow these businesses so that they can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. While the Company generally intends to acquire controlling equity interests in its operating subsidiaries, the Company may invest to a limited extent in a variety of non-controlling equity interest positions or debt instruments. The Company's shares of common stock trade on the New York Stock Exchange under the symbol "VATE". Atlanta, Georgia-based BDO USA, P.C., the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has significant upcoming maturities of its debt obligations and is subject to certain cross-default provisions. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $936.8 million in total assets, $1.169 billion in total liabilities, $10.8 million in total temporary equity, and $243 million in total stockholders' deficit. INSPIRED HEALTHCARE: Secures $252MM in Property Bids ---------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that Inspired Healthcare Capital told a Texas bankruptcy court that it has received bids exceeding $252 million to serve as the initial benchmark for the sale of assets in its Chapter 11 case. The private equity firm, which specializes in senior living facilities, said the offers would function as stalking-horse bids for the proposed auction. The company said establishing baseline bids will help create a structured sale process by setting a minimum value for the assets while encouraging additional interest from prospective buyers. Other bidders will have the opportunity to submit competing offers under court-approved procedures. The proposed transaction remains subject to bankruptcy court approval, including the bidding procedures and any eventual sale. The company said the auction process is intended to achieve the highest available value for creditors and other stakeholders, according to report. About Inspired Healthcare Capital Holdings Inspired Healthcare Capital Holdings, LLC, owns senior living communities across the U.S. that provide independent living, assisted living, and memory care services.It operates in the senior housing and healthcare real estate sector, with day-to-day community operations managed by third-party operators under management agreements while the Company retains control over non-community business functions. Inspired Healthcare Capital Holdings sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on Feb. 2, 2026. In the petition signed by M. Benjamin Jones, chief restructuring officer, Inspired Healthcare Capital Holdings reported between $1 billion and $10 billion in both assets and liabilities. Judge Mark X. Mullin oversees the cases. The Debtors tapped McDermott Will & Schulte, LLP as bankruptcy counsel; Ankura Consulting Group, LLC as financial advisor; Raymond James & Associates, Inc. as investment banker; and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. The Debtors hired DLA Piper LLP (US) as conflicts counsel and Reid Collins & Tsai LLP as special litigation counsel. BDO USA, P.C. serves as tax accountant. The official committee of unsecured creditors appointed hired Berkeley Research Group, LLC as financial advisor; Greenberg Traurig, LLP as attorney; and Vartabedian Katz Hester & Haynes LLP as its conflicts counsel. Ferguson Braswell Fraser Kubasta PC represents the Ad Hoc Committee of DST Investors. Jones Walker, LLP represents the Ad Hoc Group of Lenders in Inspired Healthcare Capital Income Fund 5. Holland & Knight, LLP represents the Ad Hoc Group of Unencumbered DST Investors. The U.S. Trustee for Region 6 appointed Mairead Painter as patient care ombudsman at Connecticut senior living facility; Timothy Hunter as patient care ombudsman at Minnesota senior living facility; Terri Cantrell as patient care ombudsman at Florida senior living facilities; Salli Pung as patient care ombudsman at the Michigan senior living facilities; Amanda Celentano as patient care ombudsman at Maryland senior living facility; Kelly Richards as patient care ombudsman at Illinois senior living facilities; Marie Coe as patient care ombudsman at Nevada senior living facilities; and Melanie McNeil as patient care ombudsman at Georgia senior living facilities. Susan Goodman of Pivot Health Law, LLC and Laurie Facciarossa Brewer were also named as patient care ombudsman. IPIC THEATERS: To Sell Liquor License to DCSN for $60K ------------------------------------------------------ IPIC Theaters, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor owns a liquor license issued by the State of California described as Alcoholic Beverage License: On-Sale General Eating Place License Number 47-618841. The Debtor is one of America's premier restaurant-and-movie theater brands and a pioneer of the dine in movie theater. The Debtor currently operates 13 locations in Florida, California, Georgia, New York, New Jersey, Texas, Washington and Maryland, which locations are leased. As of the Petition Date, the Debtor employed approximately 1,300 full and part-time employees. The Debtor is headquartered in Boca Raton, Florida. Its offices are located at 433 Plaza Real, Suite 355, Boca Raton, FL 33432-3932, which the Debtor leases. Less than six months after the purchase of the Debtor’s predecessor's assets out of bankruptcy, the Covid pandemic brought the movie theater industry to a screeching halt. While movie theaters subsequently reopened, the audience levels and box office receipts have never recovered to the levels that existed prior to the Covid pandemic. On July 10, 2026, Debtor and DCSN Inc. (Purchaser) entered into a purchase and sale agreement whereby Debtor agreed to sell the Liquor License to Purchaser for a purchase price of $60,000. ABC Escrow is facilitating the transaction by submitting forms to the California Department of Alcoholic Beverage Control and obtaining necessary transfer approvals. Pursuant to the Purchase Agreement, the Purchaser will pay all fees and costs associated with the purchase of the Liquor License, including the finder's fee to ABC Escrow. The Debtor is not responsible for any fees and costs due to ABC Escrow. The final Purchase Price and the terms of the Purchase Agreement were the result of good-faith, arms-length negotiations between the Debtor and Purchaser, and facilitated by ABC Escrow. Purchaser is in no way affiliated with Debtor, its officers, directors, insiders, or affiliates, either personally or professionally, and does not constitute an insider. The Debtor believes that the sale of the Liquor License will bring cash into the Debtor's estate that can be used to pay the Debtor's creditors. The offered Purchase Price is fair and reasonable in Debtor's business judgment. The Debtor has no use for the Liquor License otherwise. The Debtor submits that the transaction is in the best interest of the estate and has concluded that the sale of the Liquor License presents the best option for maximizing the value to creditors of Debtor's estate as contemplated by the Plan. About IPIC Theaters IPIC operates a chain of premium dine-in movie theaters in the United States, combining luxury seating with in theater dining, including restaurants and beverage service. The Company runs 13 locations with 8 restaurants and approximately 100 screens nationwide, offering enhanced audiovisual and hospitality experiences. IPIC's operations encompass ticketing, food and beverage service, and membership programs across its branded theaters. IPIC Theaters, LLC, in Boca Raton, FL, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. S.D. Fla. Case No. 26-12313) on Feb. 25, 2026, listing $10 million to $50 million in assets and $1 million to $10 million in liabilities. Patrick Quinn as chief executive officer, signed the petition. Judge Erik P. Kimball presides over the case. BURR & FORMAN LLP serves as the Debtor's legal counsel. IVS COMM: Richardo Kilpatrick Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Richardo Kilpatrick, Esq., at Kilpatrick & Associates, P.C. as Subchapter V trustee for IVS Comm, Inc. Mr. Kilpatrick will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kilpatrick declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Richardo I. Kilpatrick, Esq. Kilpatrick & Associates, P.C. 903 N. Opdyke Rd., Ste. C. Auburn Hills, MI 48326 Phone: (248) 377-0700 Fax: (248) 377-0800 Email: rkilpatrick@kaalaw.com About IVS Comm Inc. IVS Comm, Inc. is a provider of cloud communication services for small to medium-sized companies that need the functionality and quality offered to large companies at an affordable cost. The company is based in Plymouth, Mich. IVS Comm sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-47549) on July 6, 2026. In its petition, the Debtor reports estimated assets of $100,001 to $500,000 and estimated liabilities of $100,001 to $500,000. The Honorable Thomas J. Tucker handles the case. The Debtor is represented by Donald C. Darnell. Richardo I. Kilpatrick is appointed Subchapter V Trustee. J CREW GROUP: Saba Capital Marks $10.2MM Loan at 25% Off -------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $10,262,223 loan extended to J Crew Group LLC to market at $7,722,323 or 75% of the outstanding amount, according to Saba's N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund is a participant in a senior initial term loan extended to J Crew Group LLC. The Loan accrues interest at a rate of TSFR3M + 6.000% per annum. The Loan matures on Sept. 26, 2031. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, New York 10174 Telephone: (212) 542-4644 About J Crew Group LLC J Crew Group LLC is an apparel retailer and brand owner. J&J HOSPITALITY: Seeks Subchapter V Bankruptcy in Pennsylvania -------------------------------------------------------------- On July 13, 2026, J&J Hospitality Group filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Pennsylvania. According to court filings, the debtor reports between $100,000 and $500,000 in liabilities owed to 1 to 49 creditors. Tax information is due by July 20, 2026, while the Chapter 11 Subchapter V plan must be filed by October 11, 2026. About J&J Hospitality Group J&J Hospitality Group is a Warrendale, Pennsylvania-based full-service restaurant and bar operator. The company operates restaurant locations in Warrendale and Harmony, Pennsylvania, and also maintains a fleet of mobile food trucks equipped with brick ovens. The business serves customers through dine-in and mobile food operations, with its Warrendale location offering seating capacity for approximately 140 guests. J&J Hospitality Group sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-21943) on July 13, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $100,000 to $500,000. Honorable Gregory L. Taddonio handles the case. The debtor is represented by Brian C. Thompson, Esq., of Thompson Law Group, PC. J.B. HARRIS: Seeks to Hire Kozyak Tropin as Bankruptcy Counsel -------------------------------------------------------------- J.B. Harris, P.A., seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Kozyak Tropin & Throckmorton, LLP as counsel. The firm will render these services: (a) advise the Debtors with respect to their powers and duties as debtors-in-possession and the continued management of their business operations; (b) advise the Debtors with respect to their responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and the rules of the Court; (c) represent the interests of the Debtors in all matters pending before the Court and all matters necessary for the administration of these Chapter 11 cases; (d) take all necessary actions to protect and preserve the Debtors' estates; (e) represent the Debtors in negotiations with their creditors and in the preparation of a plan, and take any necessary action to obtain confirmation of such plan. The firm will be paid at these rates: David L. Rosendorf $900 per hour Associates $500 to $780 per hour Paralegals $390 per hour The firm received an initial retainer of $25,000. David Rosendorf, Esq., a partner at Kozyak Tropin, disclosed in a court filing that the firm does not represent any interest adverse to the liquidating trustee or the estates. The firm can be reached through: David L. Rosendorf, Esq. Kozyak Tropin & Throckmorton, LLP 2525 Ponce de Leon Blvd., 9th Floor Coral Gables, FL 33134 Tel: (305) 372-1800 Fax: (305) 372-3508 Email: dlr@kttlaw.com About J.B. Harris, P.A. J.B. Harris, P.A. is a Miami, Florida-based law firm that historically specialized in Engle-progeny tobacco litigation. J.B. Harris, P.A. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-18018) on June 18, 2026. In its petition, the debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Peter D. Russin is overseeing the case. The debtor is represented by David L. Rosendorf, Esq. JACKSON WALKER: Judge Romance Settlements Receive Court Approval ---------------------------------------------------------------- Emma Cueto of Law360 Bankruptcy Authority reports that a federal bankruptcy judge has endorsed nine settlements addressing legal fees awarded to Jackson Walker LLP following litigation tied to a former partner's romantic relationship with a then-sitting bankruptcy judge. The recommendation comes after the parties negotiated agreements to settle disputes over compensation in affected cases. According to the court, the settlements strike a balance between the potential benefits of continued litigation and the costs of pursuing additional legal action. The agreements are intended to provide certainty for bankruptcy estates while bringing the fee-related disputes to a close. The judge concluded that the proposed settlements satisfy the standards for approval and should move forward. Final approval would mark another milestone in resolving the fallout from the relationship that prompted widespread scrutiny of bankruptcy proceedings involving the firm, according to report. About Jackson Walker LLP Jackson Walker LLP is a law firm. The Firm's practice areas include aviation, antitrust, bankruptcy, energy, environmental, entertainment, health care, immigration, insurance, intellectual property, international, labor and employment, real estate, and tax law. JR AND SP HOLDINGS: Behrooz Vida Named Subchapter V Trustee ----------------------------------------------------------- The U.S. Trustee for Region 6 appointed Behrooz Vida, Esq., at the Vida Law Firm, PLLC as Subchapter V trustee for JR and SP Holdings, LLC. Mr. Vida will be paid an hourly fee of $495 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Vida declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Behrooz P. Vida, Esq. The Vida Law Firm, PLLC 3000 Central Drive Bedford, TX 76021 Telephone: (817) 358-9977 Facsimile: (817) 358-9988 behrooz@vidalawfirm.com About 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. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 26-42900) on July 1, 2026, with $1,068,527 in assets and $596,053 in liabilities. Michael Shane Pennington, managing member, signed the petition. Judge Edward L. Morris presides over the case. Robert T. DeMarco, Esq., at DeMarco MIitchell, PLLC represents the Debtor as legal counsel. KING AT EIGHT: Tamara Miles Ogier Named Subchapter V Trustee ------------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Tamara Miles Ogier, Esq., at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee for King at Eight Enterprise, LLC. Ms. Ogier will be paid an hourly fee of $475 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Ogier declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tamara Miles Ogier, Esq. Ogier, Rothschild & Rosenfeld, PC P.O. Box 1547 Decatur, GA 30031 Phone: (404) 525-4000 About King at Eight Enterprise LLC King at Eight Enterprise, LLC is a Stone Mountain, Georgia-based residential real estate rental company that owns and leases single-family homes across metro Atlanta, including properties in Atlanta, Decatur, Lithonia and Stone Mountain. King at Eight Enterprise filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-58760) on July 6, 2026, with between $1 million and $10 million in both assets and liabilities. Leslie M. Pineyro, Esq., at Jones and Walden, LLC represents the Debtor as legal counsel. KNU LIGHT: Seeks Subchapter V Bankruptcy in Georgia --------------------------------------------------- On July 10, 2026, KNU Light Distribution 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 $100,000 and $500,000 in liabilities owed to 1-49 creditors. October 8, 2026, is the deadline for filing the Chapter 11 Subchapter V Plan. About KNU Light Distribution LLC KNU Light Distribution LLC is a Tucker, Georgia-based wholesaler of health and wellness products. The company operates the Holistic Vybez brand, offering sea moss gels, gummies, holistic herbs, and other wellness products. The business has recently transitioned its branding toward Holistic Vitalis while continuing operations from its Stone Mountain, Georgia, facility. KNU Light Distribution LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-59039) on July 10, 2026. In its petition, the Debtor reported estimated assets between $50,000 and $100,000 and estimated liabilities between $100,000 and $500,000. Todd E. Hennings is appointed as Subchapter V Trustee. LABFITOUT LLC: 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 LabFitOut LLC. 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 LabFitOut LLC 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. It 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 was founded in 2014. LabFitOut filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-11622) on July 7, 2026, with $1 million to $10 million in assets and liabilities. Kate E. Nicholson, Esq., at Nicholson Devine, LLC represents the Debtor as legal counsel. LABL INC: Saba Capital II Marks $2.6MM Bond at 56% Off ------------------------------------------------------ Saba Capital Income & Opportunities Fund Ii has marked its $2,619,000 bond issued by LABL, Inc. to market at $1,155,302 or 44% of the outstanding amount, according to Saba Capital's N-CSRS for the fiscal year ended July 8, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund II owns a bond issued by LABL, Inc. The bond accrues interest at a rate of 8.625% per annum. The bond matures on Oct. 1, 2031. Saba Capital Income & Opportunities Fund II is a closed-end investment fund in the leveraged finance market. The Fund is led by Paul Kazarian as Principal Executive Officer and Chief Executive Officer, and Troy Statczar as Principal Financial Officer and Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund II 405 Lexington Avenue, 58th Floor New York, New York 10174 Telephone: (212) 542-4644 About LABL, Inc. LABL, Inc. is a corporate borrower; further details about its business were not provided in the filing. LABL INC: Saba Capital Marks $5.1M Bond at 56% Off -------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $5,145,000 bond issued by LABL Inc. to market at $2,269,580 or 44% of the outstanding amount, according to Saba Capital's N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by LABL Inc. The bond accrues interest at a rate of 8.625% per annum. The bond matures on Oct. 1, 2031. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About LABL Inc. LABL Inc. is a corporate borrower whose industry was not disclosed in the filing. LEADERS IN INNOVATION: Taps Hendren Redwine & Malone as Counsel --------------------------------------------------------------- Leaders in Innovation and Nonwovens Commercialization, LLC, seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire Hendren, Redwine & Malone, PLLC as counsel. The firm will represent and assist the Debtor in carrying out its duties under the provisions of Chapter 11 of the Bankruptcy Code. The firm received a retainer of $5,000 on April 20, 2026, $2,081.50 on May 21, 2026 and $32,918.50 on June 18, 2026. Jason Hendren, Esq., an attorney at Hendren, Redwine & Malone, 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: Jason L. Hendren, Esq. Hendren, Redwine & Malone, PLLC 4600 Marriott Drive, Suite 150 Raleigh, NC 27612 Telephone: (919) 573-1422 Facsimile: (919) 420-0475 Email: jhendren@hendrenmalone.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. LENA BRANDS: Seeks to Hire Ordinary Course Professionals -------------------------------------------------------- Lena Brands LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware to retain non-bankruptcy professionals in the ordinary course of business. The Debtor needs ordinary course professionals to perform services for matters unrelated to this Chapter 11 case. The Debtor seeks to pay OCPs 100 percent of the fees and expenses incurred. The Debtor does not believe that any of the OCPs have an interest materially adverse to it, its estates, creditors, or other parties-in-interest in connection with the matter upon which they are to be engaged. The OCP includes: Ramsaur Law 950 Pacific Avenue, Suite 1030, Tacoma, WA 98402 --Real Estate Litigation Counsel About Lena Brands Lena Brands, LLC, doing business as Coco's Bakery, Inc. and Shari's, operates family-style restaurant and bakery brands with roots dating to 1948 for Coco's in Corona Del Mar, California, and 1978 for Shari's in Hermiston, Oregon. The company's restaurant concepts offer American and Northwest comfort food. Its brands support dine-in service and, where available, curbside pickup, delivery, and select outdoor dining ordering options. Lena Brands and affiliated debtors, Lena Holdings, LLC and Lena Real Estate Holdings, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10792) on May 15, 2026. In its petition, Lena Brands reported total assets of $1 million to $10 million and total liabilities of $10 million to $50 million. The petition was signed by Samuel Nicholas Borgese as sole member and owner. Judge Thomas M. Horan oversees the cases. The Debtors' counsel is Mette H. Kurth, Esq., at Pierson Ferdinand, LLP. LFSN HOLDCO: S&P Withdraws 'CCC+' Issuer Credit Rating ------------------------------------------------------ S&P Global Ratings withdrew its 'CCC+' issuer credit rating on U.S.-based blood glucose monitoring device manufacturer LFSN Holdco I LLC (dba LifeScan) and its 'CCC+' issue-level rating and '3' recovery rating on its $185 million split-lien term loan at the company's request. The outlook on LifeScan was stable at the time of the withdrawal. We assigned our 'CCC+' issuer credit rating and stable outlook to LifeScan in December 2025 after its financial restructuring. LH PROPERTY: Leon Jones Named Subchapter V Trustee -------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Leon Jones, Esq., at Jones & Walden, LLC, as Subchapter V trustee for LH Property Group, LLC. Mr. Jones will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Jones declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Leon S. Jones, Esq. Jones & Walden, LLC 699 Piedmont Ave. NE Atlanta, GA 30308 Phone: (404) 564-9300 ljones@joneswalden.com About LH Property Group LLC LH Property Group, LLC is a Georgia-based company likely involved in real estate or property management. LH Property Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-58793) on August 4, 2025. In its petition, the Debtor reported between $500,000 and $1 million in assets and liabilities. Brad Fallon, Esq., at Fallon Law, PC represents the Debtor as bankruptcy counsel. The bankruptcy court dismissed the case on May 12, 2026 and officially closed it on June 9, 2026. 2nd Try LH Property Group LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-58740) on July 6, 2026. In its petition, the debtor reported estimated assets of $100,001 to $1 million and estimated liabilities of $100,001 to $1 million. The case is being administered by Honorable Judge Jeffery W. Cavender. LIFEWARD LTD: Closes $5.58M Convertible Note Deal With Oramed Agent ------------------------------------------------------------------- Lifeward Ltd. announced in a regulatory filing that it entered into a Securities Purchase Agreement with certain investors and Oramed Pharmaceuticals Inc., as collateral agent, pursuant to which the Company agreed to issue senior secured convertible notes convertible into ordinary shares, no par value per share, and accompanying warrants to purchase Ordinary Shares. The transaction closed on July 6, 2026, resulting in the issuance of: (i) an aggregate principal amount of $5,580,000.00 in senior secured convertible notes, convertible into Ordinary Shares, and (ii) accompanying warrants to purchase Ordinary Shares. Pursuant to the Securities Purchase Agreement, the Company also agreed to issue $5,580,000.00 in aggregate principal amount of additional senior secured convertible notes and accompanying warrants. The funding of the Second Notes is subject to customary closing conditions and either: (i) the Company achieving, as of the most recently completed fiscal quarter end for which the Company has publicly filed or furnished financial statements, at least a 150% increase in ReWalk Unit Sales (as defined in the Securities Purchase Agreement), measured in U.S. dollars, relative to the trailing twelve-month period immediately preceding the Additional Closing Date, or (ii) the closing price of the Company's Ordinary Shares equals or exceeds $13.80 per share on each trading day during the ten consecutive trading days immediately prior to the Additional Closing Date. Terms of the Notes Each Note matures on the three-year anniversary from the date of issuance. The principal amount of each Note outstanding plus all accrued and unpaid interest is convertible, at the option of the holder at any time, in whole or in part, into Ordinary Shares at an initial conversion price of $5.40 per share, subject to certain adjustments. The Notes accrue interest at a rate of 8.0% per annum, which automatically increases to 15.0% per annum upon an event of default. Interest is payable semi-annually in arrears on June 30 and December 31 of each year, commencing December 31, 2026, payable in cash or, at the Company's sole election, added to the outstanding principal balance. The Notes may not be converted and Ordinary Shares may not be issued if, after giving effect to the conversion or issuance, a purchaser would beneficially own in excess of 4.99% of the outstanding Ordinary Shares. Terms of the Warrants The Warrants are exercisable for up to an aggregate of 100% of the Ordinary Shares that each Note is convertible into as of the issuance date, at an initial exercise price of $5.40 per share, subject to certain adjustments. The Warrants are exercisable immediately, expire five years after the date of issuance, and may be exercised on a cashless basis. The Warrants may not be exercised and Ordinary Shares may not be issued if, after giving effect to the exercise or issuance, a purchaser would beneficially own in excess of 4.99% of the outstanding Ordinary Shares. The number of Ordinary Shares issuable upon conversion of the Notes or exercise of the Warrants is subject to an exchange cap of 19.99% of the number of outstanding Ordinary Shares, unless shareholder approval is obtained to exceed such cap. The Company has agreed to file a registration statement to register the Ordinary Shares underlying the Notes and Warrants within 30 days following the closing of the Initial Notes, and to use its commercially reasonable efforts to cause such registration statement to be declared effective by the U.S. Securities and Exchange Commission within 45 days following such closing (or within 75 days if the SEC notifies the Company that it will review such registration statement). Amendments to Prior Securities Also on June 30, 2026, the Company entered into an Amended and Restated Senior Secured Convertible Note, Amended and Restated Common Warrant and Amended and Restated Pre-Funded Warrant with Oramed and certain investors under a prior securities purchase agreement. The A&R Note amends and restates the previously issued note to, among other things, provide for pari passu treatment of the Notes issued in connection with the Securities Purchase Agreement, revise certain mandatory redemption provisions, and revise certain beneficial ownership limitation provisions. Each of the A&R Warrant and A&R Pre-Funded Warrant amends and restates the previously issued warrant and pre-funded warrant, respectively, to revise the beneficial ownership limitation provisions. The offer and sale of the securities in the Notes and Warrants was made pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder, to "accredited investors" under Rule 501 of Regulation D, without any form of general solicitation. Full text copies of the Securities Purchase Agreement, Notes, Warrants, A&R Note, A&R Warrant and A&R Pre-Funded Warrant are available at https://tinyurl.com/ymrjjzxu, https://tinyurl.com/5r2pxbuc, https://tinyurl.com/2td56nft, https://tinyurl.com/2jf23mxa, https://tinyurl.com/dbt5754n, https://tinyurl.com/85adjw8j, respectively. About Lifeward Ltd. Lifeward -- http://golifeward.com/-- is a global innovator focused on advancing medical technologies and biomedical solutions that improve lives. The Company's established portfolio includes market-leading neurorehabilitation technologies such as the ReWalk(R) Exoskeleton, AlterG(R) Anti-Gravity system, MyoCycle(R) FES System, and ReStore(R) Exo-Suit. These solutions span the continuum of care in physical rehabilitation and recovery, deploying the most advanced robotics and AI technologies to restore full health and quality of life to a broadening patient population. The Company is now executing a strategic evolution into a diversified biomedical Company, expanding beyond rehabilitation and into high-value therapeutic platforms. This includes its Protein Oral Delivery (POD(TM)) platform, designed to enable oral delivery of biologic drugs, with lead candidate ORMD-0801 (oral insulin) targeting a large and underserved diabetes market. Lifeward has operations in the United States, Israel, and Germany. As of March 31, 2026, the Company had $33.42 million in total assets, $27.13 million in total liabilities, and $6.29 million in total stockholders' equity. Tel-Aviv, Israel-based Kost Forer Gabbay & Kasierer, the Company's auditor since 2014, issued a "going concern" qualification in its report dated March 18, 2026, attached to the Company's Annual Report for the fiscal year ended December 31, 2025, citing that the Company has suffered recurring losses from operations, has negative cash flows from operating activities, and has stated that substantial doubt exists about the Company's ability to continue as a going concern. LINE BOUTIQUE: Initiates Subchapter V Bankruptcy in Colorado ------------------------------------------------------------ On July 13, 2026, A Line Boutique LLC 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 owed to 1-49 creditors. Chapter 11 Small Business Subchapter V Plan is due by October 13, 2026. The deadline for Government Proofs of Claim is January 11, 2027. About A Line Boutique LLC A Line Boutique LLC is an Englewood, Colorado-based luxury women's fashion retailer and personal styling company. The business operates four boutique locations offering designer apparel, accessories, and customized styling services. The company continues to operate its retail stores and styling business while restructuring under Chapter 11. A Line Boutique LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-15041) on July 13, 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 Thomas B. McNamara handles the case. The Debtor is represented by Aaron A. Garber, Esq. LISA PARK: Claims to be Paid from Disposable Income --------------------------------------------------- Lisa Park OD, PLLC filed with the U.S. Bankruptcy Court for the Eastern District of Texas a Subchapter V Plan of Reorganization dated July 2, 2026. The Debtor is a Texas domestic limited liability company with offices in Carrollton, Texas. Park's optometry practice, Focal Point Eyecare, was founded in September 2019 and services patients in the Carrollton and surrounding areas. In 2022, the Debtor decided to expand its business to include myopia management, dry eye services, and aesthetics and moved to a larger and more expensive location. As part of the business expansion, the Debtor financed multiple pieces of expensive equipment geared toward the aesthetics practice, but the market for such aesthetics services was not as robust as the Debtor had hoped, leaving the Debtor with large loan payments for expensive equipment without the corresponding revenue needed to service them. The Debtor was unable to refinance the equipment loans or return the equipment, and over time, the continued servicing costs negatively impacted the Debtor's cash flow. The Debtor has accordingly filed this case to restructure its debts, reorganize its affairs, and return the equipment it no longer needs. The Plan contemplates a reorganization and continuation of the Debtor's business. In accordance with the Plan, the Debtor will satisfy certain claims from Disposable Income earned over a period of three years through the continued operation of its business. The Plan is based on the Debtor's belief that the interests of its creditors will be best served through a reorganization of its debts. Class 6 consists of Allowed Claims of General Unsecured Creditors. Holders of Allowed General Unsecured Claims shall receive a Pro Rata share of the Debtor's Disposable Income over the shorter of (i) the Plan Term; or (ii) the date such Claim is paid in full. The Debtor's Disposable Income shall be determined on an annual basis for each year of the Plan Term. Distributions of Disposable Income respecting each year of the Plan Term shall be paid on an annual basis by no later than sixty days after the conclusion of each twelve-month period of the Plan Term. Along with annual Pro-Rata distributions, the Reorganized Debtor shall provide to each Claimholder upon request postconfirmation annual financial reports (the "Annual Reports") for each year of the Plan Term (or portion thereof) detailing the Reorganized Debtor's Disposable Income for each reporting year (which shall be calculated using a cash basis method of accounting and reported in accordance with Generally Accepted Accounting Principles (GAAP)). The Allowed Interests of the Equity Holder shall be retained in the Reorganized Debtor. The Plan shall not become effective unless and until the Confirmation Order, in a form and substance reasonably acceptable to the Debtor, shall have become a Final Order and shall, among other things (i) confirm this Plan, (ii) find that the Debtor and its respective current employees, officers, and directors, agents, and professionals have acted in good faith and in compliance with the applicable provisions of the Bankruptcy Code as set forth in Bankruptcy Code Section 1125(e), and (iii) find that the Debtor is authorized to take all actions and consummate all transactions contemplated under this Plan. The funds to be used for the payment of Claims or other Distributions to be made under the Plan will come from Disposable Income and future revenues of the Debtor. A full-text copy of the Subchapter V Plan dated July 2, 2026 is available at https://urlcurt.com/u?l=cLhiWS from PacerMonitor.com at no charge. About Lisa Park OD PLLC Lisa Park OD, PLLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tax. Case No. 26-41152) on April 3, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Brenda T Rhoades oversees the case. The Debtor is represented by: Melissa S. Hayward, Esq. Hayward PLLC 10501 North Central Expy., Suite 106 Dallas, TX 75231 Tel: (972) 755-7100 E-mail: mhayward@haywardfirm.com LOCAL SEARCH: Case Summary & 18 Unsecured Creditors --------------------------------------------------- Debtor: Local Search Masters, LLC 517 Excalibur Court Franklin, TN 37067 Business Description: LSM is a full-service advertising agency founded in 2006 and based in Nashville, Tennessee; Denver, Colorado; and Las Vegas, Nevada. The company provides advertising campaign management, SEO and content creation, web development, custom software development, social media management, and creative content services. It serves businesses and multi-location franchisors, as well as organizations in sectors including nonprofit, beauty and wellness, e-commerce, healthcare, sports and fitness, and education. Chapter 11 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-03278 Debtor's Counsel: R. Alex Payne, Esq. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Tel: 629-777-6529 Fax: 629-777-3765 E-mail: alex@dhnashville.com Total Assets: $508,847 Total Liabilities: $2,790,709 The petition was signed by Trevor Emerson as managing member and CEO. A full-text copy of the petition, which includes a list of the Debtor's 18 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UMFKHJI/Local_Search_Masters_LLC__tnmbke-26-03278__0001.0.pdf?mcid=tGE4TAMA LOS DORADOS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Los Dorados Cargo Inc. 7808 51 Street Elmhurst, NY 11373 Business Description: Los Dorados Cargo Inc. provides international logistics, courier and freight-forwarding services from Elmhurst, New York, arranging air and ocean shipments of packages, documents, household goods, machinery and vehicles for individuals and businesses shipping to Latin America. Chapter 11 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43341 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Pankaj Malik, Esq. PM LAW PC 11835 Queens Blvd. St 400 Forest Hills, N.Y. 11375 Tel: (888) 567-5755 Email: pmalik@pmlawpcny.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Oscar Silvio Russi Buitrago as president. 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/VMF53GI/Los_Dorados_Cargo_Inc__nyebke-26-43341__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/C5P5HSI/Los_Dorados_Cargo_Inc__nyebke-26-43341__0001.0.pdf?mcid=tGE4TAMA LOUIS INVESTMENTS: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Louis Investments, LLC 1412 Main St. Ste 500 Dallas, TX 75202 Case No.: 26-33110 Business Description: Louis Investments, LLC is a single-asset real estate company. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court Northern District of Texas Judge: TBD Debtor's Counsel: Joyce Lindauer, Esq. LINDAUER & VAUGHN 117 S. Dallas St. Ennis TX 75119 Tel: (972) 503-4033 Email: joyce@joycelindauer.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Marc Kulick as authorized signer. 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/D327IXI/Louis_Investments_LLC__txnbke-26-33110__0001.0.pdf?mcid=tGE4TAMA LRG BUILDER: Lisa Holder Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 17 appointed Lisa Holder, Esq., a practicing attorney in Bakersfield, Calif., as Subchapter V trustee for LRG Builder Services, Inc. Ms. Holder will be paid an hourly fee of $350 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Holder declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Lisa Holder, Esq. 3710 Earnhardt Drive Bakersfield, CA 93306 Phone: (661) 205-2385 Email: lholder@lnhpc.com About LRG Builder Services Inc. LRG Builder Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-12993) on June 29, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Rene Lastreto II presides over the case. David C. Johnston, Esq., represents the Debtor as legal counsel. LURIN REAL ESTATE: Affiliate Gets Final OK to Use Cash Collateral ----------------------------------------------------------------- Lurin Real Estate Holdings LXIV, LLC, an affiliate of Lurin Real Estate Holdings XXI, LLC, received final approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral. The final order entered on July 15 authorized the Debtor to use cash collateral to fund operations based on a court-approved budget. The Debtor is prohibited from spending cash collateral in excess of 110% of each line item set forth in the budget. The Debtor may submit a revised budget to BDS V Mortgage Capital G, LLC, the pre-petition secured lender, subject to a four-day objection period. It is required to deposit all rental income and other property revenues into a segregated debtor-in-possession account to be used solely in accordance with the approved budget. As of the petition date, approximately $47,176,707.32 was outstanding under the loan agreements between the Debtor and BDS, consisting of $43,000,000.00 in unpaid principal, $3,725,039.58 in interest, $208,471.29 in charges and fees, a $208,196.45 tax advance, and a $35,000 protective advance made pursuant to the court's prior interim cash collateral order. As adequate protection, BDS was granted replacement liens on the Debtor's pre-petition collateral to the extent of any diminution in value caused by the use of its cash collateral. The court further modified the automatic stay as necessary to implement the order, preserved all parties' rights to challenge claims and liens at a later stage, and required the Debtor to cooperate with the lender's appraisal of the property. The order is available at http://bankrupt.com/misc/LurinRealEstate_CCOrder536.pdf About Lurin Real Estate Holdings XXI LLC Lurin Real Estate Holdings XXII, LLC, doing business as The Palmiere, owns a multifamily apartment property in Pensacola, Florida. The property, located at 4435 Marlane Drive, includes 37 apartment units and offers one-, two-and three-bedroom residences. Lurin Real Estate Holdings XXVI, doing business as The Lorient, owns a multifamily apartment property in Pensacola, Florida. The property, located at 110 Creekside Court, includes 216 apartment units and offers one-, two-and three-bedroom residences with amenities including a swimming pool, playground, walk-in closets and patios or balconies. Lurin Real Estate Holdings XXII and Lurin Real Estate Holdings XXVI sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case Nos. 26-90520 and 26-90521) on April 21, 2026. At the time of the filing, Lurin Real Estate Holdings XXII reported between $1 million and $10 million in both assets and liabilities while Lurin Real Estate Holdings XXVI reported between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Alfredo R. Perez handles the cases. The Debtors are represented by Joshua W. Wolfshohl, Esq., at Porter Hedges, LLP. M & N STRUCTURES: Amends BMO Secured Claim Pay ---------------------------------------------- M & N Structures, Inc., submitted a Disclosure Statement describing First Amended Plan dated July 6, 2026. The Debtor is reorganizing its operations under Chapter 11 of the Bankruptcy Code. In response to the company's financial difficulties, M & N Structure's management spent a substantial period of time evaluating alternatives for maximizing value for all constituencies and stakeholders. After careful consideration and the exercise of sound business judgment, M & N Structures concluded that a Chapter 11 filing was the only viable option to restructure the debt owed by the company to allow the operations to continue. During the pendency of the case, issues arose in connection with Debtor's subcontractors, which were unpaid on prepetition balances, filing mechanic's liens on projects of certain general contractors, including DJ Kranz Co., Inc. and H&R Construction Company. Those issues culminated in DJ Kranz and H&R filing motions for relief from the automatic stay. The Debtor contested the motions filed by DJ Kranz and H&R. Ultimately the parties were ordered to mediate their disputes and, just recently, have agreed to a framework which the Debtor believes will permit the case to proceed efficiently towards confirmation. The Debtor determined that it is in the best interests of the creditors and the enterprise itself to reorganize the company as a going concern. The Debtor has elected to pursue a plan of reorganization as the best alternative to provide the largest recovery to all creditors and stakeholders. Class 1-A consists of the Secured claim of BMO Bank N.A. The claim of BMO Bank N.A. is secured by a first-priority security interest in substantially all assets of the Debtor. The claim of BMO Bank N.A. is approximately $2,706,928.40. The secured claim of BMO Bank N.A. will be paid the value of the collateral securing the claim from proceeds generated by the continued operations of the business. BMO Bank N.A.'s claim is fully secured. The secured claim of BMO Bank N.A. will be paid as follows: * Amortization Period: Payments shall be calculated based on a split amortization schedule. $1,706,928.40 of BMO's Allowed claim shall be amortized based on a twenty-year amortization schedule. This amount represents the portion of BMO's Allowed claim that is secured by real property. $1,000,000.00 of BMO's Allowed claim shall be amortized based on a seven-year amortization schedule. This amount represents the portion of BMO's Allowed claim secured by equipment and other personal property assets of the Debtor. * Interest Rate: The payments shall include interest at a fixed rate of 6.75% per annum, which is the prevailing contract rate pursuant to the BMO loan documents. * Monthly Payments: The Debtor shall make monthly payments of principal and interest in the amount of $27,949.63, commencing on the first day of the month immediately following the Effective Date of the Plan, and continuing on the same day of each successive month for sixty consecutive months. * Balloon Payment: On the sixtieth month anniversary of the first payment date (the "Balloon Payment Date"), the Debtor shall pay the entire outstanding principal balance of BMO's Allowed claim, plus any accrued and unpaid interest, in a single balloon payment. The estimated balloon payment amount as of that date is approximately $1,801,910.35. The Debtor anticipates funding the balloon payment through refinancing of the collateral with a third-party lender. At this time, Debtor has not yet identified a specific lender which will provide the financing necessary to make the Balloon Payment. However, based on discussions with its retained financial advisors, the Debtor believes this funding is feasible and not speculative based on its discussions with its retained financial advisors. Like in the prior iteration of the Plan, the approximate amount of Class 3-A Allowed Unsecured Claims is $2,223,000.00. The holders of Allowed Class 3-A claims shall receive their pro rata share of $2,223,000.00 paid over a 5-year period, which based on current projections represents 100% of the Allowed Class 3-A claims. Payments shall commence on the first day of the month beginning immediately after the Effective Date and continue every 90 days thereafter until the earlier of (i) payment in full of all Allowed Class 3-A claims, or (ii) the fifth anniversary of the Effective Date. On the fifth anniversary of the Effective Date, the Debtor shall pay the entire outstanding balance of Class 3-A Allowed Claims, in a single balloon payment. The estimated balloon payment amount as of that date is approximately $1,111,379.95. The Debtor anticipates funding the balloon payment through refinancing with a third-party lender. At this time, Debtor has not yet identified a specific lender which will provide the financing necessary to make the Balloon Payment. However, based on discussions with its retained financial advisors, the Debtor believes this funding is feasible and not speculative. In addition, this class shall receive a pro rata distribution of any net proceeds generated from any causes of action. The Debtor determined that it is in the best interests of the creditors and the enterprise itself to reorganize the company as a going concern. The Debtor has elected to pursue a plan of reorganization as the best alternative to provide the largest recovery to all creditors and stakeholders. The reorganized Debtor will continue to operate its business following the Effective Date in accordance with the projections provided in connection with the Plan. Revenue from operations will be used to pay the costs of operations and to fund the Debtor's payments pursuant to the Plan. A full-text copy of the Disclosure Statement dated July 6, 2026 is available at https://urlcurt.com/u?l=P2su7u from PacerMonitor.com at no charge. About M & N Structures Inc. M & N Structures, Inc. provides structural steel fabrication and design-build services across Minnesota and surrounding states. It specializes in in-house 3D modeling, BIM detailing, CNC-equipped fabrication, and steel erection. M & N serves commercial, industrial, and energy-sector projects from its facility in Winsted, Minnesota. M & N sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 25-42489) on July 30, 2025, listing $3,092,696 in total assets and $5,246,089 in total liabilities. Jonathan Henriksen, president of M & N, signed the petition. Cameron Lallier, Esq., at Bassford Remele, A Professional Association, is the Debtor's legal counsel. The U.S. Trustee for Region 12 appointed an official committee to represent unsecured creditors in the Chapter 11 case of M & N Structures, Inc. BMO Bank, N.A., as lender, is represented by: James M. Jorissen, Esq. Taft Stettinius & Hollister, LLP 2200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Telephone: 612-977-8400 Facsimile: 612-977-8650 jjorissen@taftlaw.com M/I HOMES INC: S&P Raises ICR to 'BB+' on Lower Sustained Leverage ------------------------------------------------------------------ S&P Global Ratings raised its rating on MHO to 'BB+' from 'BB' and revised our outlook on the company to stable from positive. Furthermore, S&P raised all issue-level ratings to 'BB+'. The recovery rating is '3', (rounded estimate 65%). The stable outlook reflects S&P's expectation that MHO will maintain debt to EBITDA of less than 2x over the next 12 months, providing a good buffer against pressure from an inherently cyclical slowdown in the housing market. S&P expects MHO to successfully navigate industrywide margin compression as companies deploy homebuyer incentives to stimulate waning demand. MHO will likely maintain debt to EBITDA below 1.5x. MHO's capital structure remains highly resilient despite projected earnings volatility. As macroeconomic uncertainty continues and demand for housing is strained, S&P expects the company to maintain strong liquidity and prioritize its balance-sheet strength. The company has defended its credit quality through this current downturn, demonstrating leverage stability against the homebuilder industry's volatility and cyclicality. Its debt to EBITDA was 0.4x as of March 31, 2026, with balance-sheet cash of $767 million. S&P said, "Although we forecast an approximate 30%-35% decline in EBITDA for 2026, we believe net leverage will be approximately 1.2x. We project net debt at the end of 2026 will be $250 million-$300 million." S&P said, "We expect incentives and softer demand to pressure margins. We now anticipate adjusted gross margins to remain 21%-22%, down from approximately 25% in 2025. The decline is driven primarily by volatility in construction costs (MHO self-develops 80% of its own ground), a mix-shift in product type, and a longer duration of competitive mortgage rate buydowns, which squeezes profitability margins. These elevated financing costs have directly impaired homebuyer demand and pricing power, as higher monthly payments necessitate significant buyer concessions. Although we expect S&P Global Ratings-adjusted EBITDA margins to contract toward 9%-10% in 2026 (compared with 14.3% in 2025), we view current demand and pricing conditions as potentially close to or at the bottom of the cycle, although the duration remains uncertain. "We forecast adjusted revenue will decrease up to 5% in 2026, then rebound to approximately 5% growth in 2027, benefiting from organic community count growth and absorption rate closings hovering around 3.0 per community per month. The company also continues to reinvest operating cash flow into land spend, which we project will expand its overall community count position by 5%-10% by the end of 2026." As of March 31, 2026, average active communities numbered 232. The timing and number of communities depend on numerous factors, including closing speed, desirability of land, U.S. macroeconomic fundamentals, and the resupply of existing homes for sale. MHO's product diversity, geographic positioning, and profit over pace strategy have eased the volatile decline in profitability. Affordability is less of an issue for some of the company's move-up buyers, who tend to have more disposable income. The company currently sells entry-level homes to approximately 50% of its customer base and 50% to move-up customers. To mitigate affordability constraints, MHO has pivoted its product mix toward more accessible price points. The Smart Series affordable product line has become a cornerstone of the company's volume strategy. To stimulate demand, M/I Homes has increasingly relied on mortgage interest rate buydowns, which has become a cornerstone of the company's volume strategy representing nearly 50% of sales. Additionally, 70% of its homes are sold on a speculative basis and 30% on a to-be-built basis, which increases cycle time efficiencies as approximately half of its closings are intraquarter. This focus on product mix is a critical component of the company's ability to maintain market share and operational continuity during periods of high interest rates. S&P said, "We forecast 30-year mortgage rates of about 6.2% in 2026, 5.6% in 2027, and 5.4% in 2028. Despite the demand challenges, the industry benefits from a structural undersupply of housing caused by a decade of underbuilding. This constrained inventory supports some pricing power, even as volume growth remains limited. MHO manages a large pipeline of approximately 50,000 lots, representing a roughly 5.6-year supply based on 2025 delivery rates. "We believe the degree and extent of home demand across the U.S. will depend on the trajectory and stability of the 30-year fixed-rate mortgage, local housing market and economic fundamentals, economic growth, and more. Our economic outlook projects housing starts will decrease to 1.32 million in 2026 and further toward 1.27 million in 2027 as residential activity remains a drag until rate expectations shift. This, among other factors, will likely limit improvement in credit measures over the next 12 months, keeping metrics stable. "The stable outlook reflects our forecast that debt to EBITDA will be below 2x over the next 24 months while it continues to grow its community count to 5%-10% by end of 2026 amid macroeconomic headwinds. "We lower our rating over the next 12 months if S&P Global Ratings-adjusted debt-to-EBITDA exceeds 2x." This could occur if: -- Demand worsens; -- Debt-financed spending on land and shareholder returns increases; or -- Its cash balance decreases such that its. S&P could also lower the rating if it takes a more aggressive approach to leverage and growth, causing debt to capital to exceed 35%. Although highly unlikely over the next 24 months, S&P could raise the rating to 'BBB-' if MHO: -- Enhances the scale of its homebuilding operations while maintaining margin integrity such that it compares favorably to peers'; and -- Commits to sustaining debt to EBITDA below 1.5x to account for potentially weaker earnings in a cyclical downturn. MADISON SAFETY: S&P Withdraws 'B' Issuer Credit Rating ------------------------------------------------------ S&P Global Ratings withdrew its 'B' issuer credit rating on Madison Safety and Flow Holdings IV LLC at the issuer's request. S&P also discontinued the 'B' issue-level rating on the $835 million term loan B due in September 2031 issued by subsidiary Madison Safety & Flow LLC after the debt was repaid in full. A joint venture between 3M Co. and Bain Capital completed the acquisition of Madison Safety's fire and rescue business (approximately 60% of revenues) on July 1, 2026. The term loan B was repaid at close. At the time of withdrawal, the outlook on Madison Safety was stable. MARDEN REAL: Seeks Chapter 11 Bankruptcy in Texas ------------------------------------------------- On July 13, 2026, Marden Real Estate, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities owed to 1-49 creditors. About Marden Real Estate, LLC Marden Real Estate, LLC is a College Station, Texas-based lessor of residential buildings and dwellings. The company manages a portfolio of residential rental properties, with a primary focus on the Houston and Sugar Land markets. Court records indicate the company continues operating its residential leasing business while reorganizing under Chapter 11. Marden Real Estate, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-35064) on July 13, 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 Eduardo V. Rodriguez handles the case. The Debtor is represented by Robert C. Lane, Esq., of The Lane Law Firm PLLC. MEGA BROADBAND: S&P Downgrades ICR to 'B', On CreditWatch Negative ------------------------------------------------------------------ S&P Global Ratings lowered our ratings on Mega Broadband Investments Intermediate I LLC (MBI), including its issuer credit rating, to 'B' from 'B+', and placed them on CreditWatch with negative implications. S&P said, "We expect to resolve the CreditWatch placement in the coming months as the expected acquisition closing date in early October approaches. We could lower MBI's ratings by at least one notch depending on our evaluation of MBI's liquidity profile and refinancing risk associated with MBI's 2027 debt maturity." For MBI's rating to benefit from Cable One, Cable One would need to establish a track record of support for MBI. On July 9, Cable One Inc. disclosed to the U.S. Securities and Exchange Commission (SEC) that it may not complete its MBI term loan exchange offer and instead opt to leave the senior secured loans of Mega Broadband Investments Intermediate I LLC (MBI) in place without providing any new credit support upon closing its acquisition of MBI. Cable One's recent filings create uncertainty regarding its commitment to MBI. As a result, S&P expects to assess MBI's ratings on a stand-alone basis until Cable One can establish a track record of credit support for MBI. On a stand-alone basis, MBI has high leverage above 5.5x with limited free operating cash flow (FOCF) and a significant 2027 maturity. Cable One may not support MBI after it acquires full ownership. Cable One may potentially opt out of a proposed exchange with MBI lenders to refinance the latter's debt at closing, expected around Oct. 1. Cable One also said that it could leave MBI's existing debt, including $921 million in term loan debt, due in November 2027, outstanding at closing, with no new credit support from Cable One. While Cable One may ultimately refinance the MBI debt and provide credit support under such an agreement, Cable One's recent SEC disclosures suggest it may not provide the level of financial support that S&P had previously assumed. Without this certainty, S&P expects to assess MBI on a stand-alone basis until Cable One can establish a track record of support for MBI. S&P previously believed the put feature of Cable One's initial investment in MBI would compel it to purchase the 55% of MBI it does not already own, providing strong incentive for Cable One to support MBI under financial stress. The downgrade reflects MBI's persistently high leverage, low FOCF, and tightening liquidity. Leverage was 5.6x for the trailing 12 months ended March 31, 2026, due to an 18% decline in S&P Global-adjusted EBITDA. S&P expects leverage will remain above 5.5x in 2026. While trailing 12 month FOCF has been positive over the last two quarters, it is still low, with FOCF to debt of 1.5% as of March 31. Cable One acquisition notwithstanding, the company faces challenges to improve its earnings trajectory in light of incremental competition from fiber and fixed wireless access (FWA). These factors limit free cash flow and its ability to deleverage. Additionally, liquidity is tightening and nonpayment risk is increasing, given that its $75 million revolver becomes current in August of this year ($7 million outstanding) and MBI has about $921 million in term loan debt that becomes current in November. S&P believes the company could face difficulties refinancing as a stand-alone company without Cable One's credit support, particularly considering pressured financial performance. S&P said, "We expect to resolve the CreditWatch placement in the coming months as the expected acquisition closing date in early October approaches. We could lower MBI's ratings by at least one notch depending on our evaluation of MBI's liquidity profile and refinancing risk associated with MBI's 2027 debt maturity." For MBI's rating to benefit from Cable One, Cable One would need to establish a track record of support for MBI. MORAN FOODS: Saba Capital Marks $1.8MM 1L Loan at 85% Off --------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $1,882,248 loan extended to Moran Foods LLC to market at $282,337 or 15% of the outstanding amount, according to Saba's N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund is a participant in a senior term loan extended to Moran Foods LLC. The 1L Loan accrues interest at a rate of TSFR3M + 7.350% per annum. The 1L Loan matures on Dec. 29, 2028. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About Moran Foods LLC Moran Foods LLC is the parent company and primary wholesale grocery distributor doing business as Save A Lot. MOTOS AMERICA: Seeks Cash Collateral Access ------------------------------------------- Motos America, Inc. asks the U.S. Bankruptcy Court for the District of Utah, Central Division, for authority to use cash collateral and provide adequate protection. The Debtor filed for bankruptcy to address intense creditor pressure. Since then, the Debtor has operated its business at a profit and is working to enhance the value of its four subsidiary dealerships, which it plans to develop further and potentially sell to pay unsecured creditors. Having previously received court approval to use cash collateral through June 30, 2026, the Debtor is actively negotiating a reorganization plan with its creditors. This includes the Series E bondholders, who represent over $7 million in unsecured claims. The Debtor expects to file a consensus-backed plan within the next 30 days. The Debtor seeks authorization to use $134,756 in alleged cash collateral from July 1, 2026, through December 31, 2026 (or until the effective date of the reorganization plan) to cover ongoing operating and future payroll expenses. The proposed expenditures are outlined in a six-month budget, which notes that the Debtor held $282,850 in unrestricted cash and intercompany receivables at the time of the request. To ensure adequate protection, the Debtor proposes granting a post-petition replacement lien on its cash and accounts receivable to its alleged secured creditors, Atacama Capital Management, LLC and the Shannon Christiansen Seare Trust. However, the Debtor expressly reserves all rights to challenge these liens and plans to object to Atacama's claim. The Debtor contends that neither entity actually holds a valid, perfected security interest in the company's assets, asserting that their underlying documentation involves stock pledges by CEO Vance Harrison rather than company-owned collateral, and that Atacama's debt is an unsecured $500,000 claim. A copy of the motion is available at https://urlcurt.com/u?l=YCqXYT from PacerMonitor.com. About Motos America Inc. Motos America Inc. is a Salt Lake City, Utah-based motorcycle dealership group. Motos America Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Utah Case No. 25-27834) on December 31, 2025. In its petition, the Debtor reports estimated assets up to $100,000 and estimated liabilities between $10 million and $50 million. Honorable Bankruptcy Judge Peggy Hunt handles the case. The Debtor is represented by Russell S. Walker, Esq., at Pearson Butler, PLLC. MULTI-COLOR CORP: Saba Capital Marks $3.2MM Loan at 53% Off ----------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $3,231,190 loan extended to Multi-Color Corp. to market at $1,530,776 or 47% of the outstanding amount, according to Saba's N-CSRS for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund is a participant in a senior term loan extended to Multi-Color Corp. The Loan accrues interest at a rate of TSFR1M + 5.000% per annum. The Loan matures on Oct. 29, 2028. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About Multi-Color Corp. Multi-Color Corp. manufactures packaging lables and tapes. The company offers packaging services of aluminum, roll fed, tube wraps, folding carton, and in-mold to beverage, healthcare, personal care, and beauty markets. NATIONAL MAINTENANCE: Seeks Chapter 11 Bankruptcy in NY ------------------------------------------------------- On July 13, 2026, National Maintenance Contracting Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of New York. According to court filings, the debtor reports between $1 million and $10 million in liabilities owed to 100 to 199 creditors. About National Maintenance Contracting Corp. National Maintenance Contracting Corp. is a Niagara Falls, New York-based facilities support services company specializing in industrial rigging, machinery moving and related industrial contracting services. The company has served manufacturers and industrial clients throughout Western New York and has been a pre-approved contractor for industrial auction projects. It has also been recognized as one of the region's larger non-union contractors with an OSHA-certified workforce. National Maintenance Contracting Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10933) on July 13, 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 Scott M. Lupiani, Esq. NATIONAL REALTY: Judge Revises Wind-Down CEO Pay Deal ----------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that a New Jersey bankruptcy judge has set parameters for a revised pay package covering the wind-down executive of National Realty Investment Advisers' liquidating trust, including establishing a new definition for terms that determine eligibility for incentive compensation. The guidance came as the court reviewed objections to the proposed arrangement. The judge said revisions are necessary to ensure that the compensation structure aligns with the trust's liquidation objectives and provides a measurable basis for awarding additional pay. The court emphasized that compensation should be tied to clearly defined performance benchmarks rather than ambiguous standards. Rather than denying the request, the judge directed the parties to submit an updated proposal reflecting the court's guidance. The amended compensation plan will be reviewed in a future hearing as the trust continues to liquidate assets and distribute proceeds to creditors, the report relays. About National Realty Investment National Realty Investment Advisors, LLC is a luxury-homes developer based in Secaucus, N.J. National Realty Investment Advisors and 102 affiliates, including NRIA Partners Portfolio Fund I, LLC, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-14539) on June 7, 2022. In the petition filed by its independent manager, Brian Casey, National Realty Investment Advisors listed up to $50,000 in both assets and debt. NRI Partners Portfolio listed assets between $50 million and $100 million and liabilities between $500 million and $1 billion. Judge John K. Sherwood oversees the cases. S. Jason Teele, Esq., at Sills Cummis & Gross P.C., is the Debtors' counsel. Omni Agent Solutions is the claims and noticing agent. The U.S. Trustee for Regions 3 and 9 appointed an official committee of unsecured creditors on June 30, 2022. The committee is represented by Ice Miller, LLP. NATURALSHRIMP INC: Simon & Edward Takes Over After BCRG Acquisition ------------------------------------------------------------------- Natural Shrimp Incorporated announced in a regulatory filing that on June 15, 2026, it was notified that Simon & Edward LLP had acquired the attest business of BCRG Group, the Company's principal auditor. As BCRG was acquired and, pursuant to board approval, the Company will continue to receive audit services from the combined firm (i.e. S&E) BCRG neither: i) resigned ii) declined to stand reelection or iii) was discharged. BCRG's audit report on the Company's consolidated financial statements for the last two fiscal years did not contain a disclaimer or adverse opinion nor was it qualified or modified. Further, there were: i) no disagreements with BCRG during that period or ii) reportable events described under S-K 304(a)(1)(v) during the two most recent years and any interim period preceding the date of the acquisition. About NaturalShrimp Headquartered in Dallas, Texas, NaturalShrimp Incorporated -- http://www.naturalshrimp.com-- was a biotechnology company that developed proprietary, patented platform technologies to allow for the production of aquatic species in an ecologically-controlled, high-density, low-cost environment, and in fully contained and independent production facilities without the use of antibiotics or toxic chemicals. NaturalShrimp owned and operated indoor recirculating Pacific White shrimp production facilities in Texas and Iowa using these technologies. Irvine, California-based BCRG Group, the Company's auditor since 2025, issued a "going concern" qualification in its report dated November 4, 2025, citing that due to the Company's significant amount of debt that was in default as of September 30, 2024, Ampleo Turnaround and Restructuring, LLC was placed as the receiver over the Company's assets. As of March 30, 2025, the Company had $24.3 million in total assets, $45 million in total liabilities, and $67.1 million in total stockholders' deficit. NEEMA LLC: J.M. Cook Named Subchapter V Trustee ----------------------------------------------- Brian Behr, the U.S. Bankruptcy Administrator for the Eastern District of North Carolina, appointed J.M. Cook as Subchapter V trustee for Neema LLC. Mr. Cook is the president and sole stockholder of J.M. Cook, P.A., doing business as J.M. Cook, Attorney at Law. The Subchapter V trustee will be paid an hourly fee of $375 for his services. Mr. Cook declared that he does not have any interest materially adverse to the interest of the Debtor's estate, creditors and equity security holders. About NEEMA LLC NEEMA, LLC is a Raleigh, North Carolina-based multifamily residential real estate leasing and holding company. It operates as a single asset real estate (SARE) business, with its principal property located at 1206/1207 Nova Street in Durham, North Carolina. NEEMA 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 oversees the cases. The Debtors are represented by Joseph Zachary Frost, Esq., at Buckmiller & Frost, PLLC. NETCAPITAL INC: Secures $224.5K Net via OID Note With Dune Equity ----------------------------------------------------------------- Netcapital Inc. announced in a regulatory filing that it closed the transactions contemplated by a Securities Purchase Agreement, dated as of July 1, 2026, with Dune Equity Holdings LLC, a Delaware limited liability company. On July 2, 2026, the transaction closed upon the Company's receipt of the purchase price, and the Company issued and delivered to Dune a promissory note dated July 1, in the principal amount of $290,000 and a common stock purchase warrant dated July 1, to purchase 250,000 shares of the Company's common stock, par value $0.001 per share, at an initial exercise price of $0.50 per share. The Note was issued for a purchase price of $250,000 and reflects an original issue discount of $40,000. At the closing, Dune withheld $8,000 from the purchase price to cover Dune's legal fees in connection with the transaction and $17,500 to cover fees owed by the Company to Enclave Capital LLC, a registered broker-dealer acting as placement agent. Accordingly, the Company received net cash proceeds of $224,500. The Note includes a one-time interest charge of 12% of the principal amount, or $34,800, earned in full as of July 1, 2026. The Note is an unsecured obligation of the Company and matures on July 1, 2027. The Company is required to make amortization payments beginning January 2, 2027, consisting of an initial payment of $162,400, followed by five payments of $27,066.66 on February 1, 2027, March 1, 2027, April 1, 2027, May 3, 2027 and June 1, 2027, with all remaining outstanding amounts due on July 1, 2027. Each amortization payment first reduces accrued and unpaid interest and then reduces the outstanding principal balance of the Note. The Note may be prepaid at any time before the 181st calendar day following July 1, 2026 upon three trading days' prior written notice to the holder. The required prepayment amount equals the applicable prepayment percentage multiplied by the then-outstanding principal amount plus the applicable prepayment percentage multiplied by accrued and unpaid interest: 96% during the period beginning on July 1, 2026 and ending 90 calendar days following July 1, 2026, 97% during the period beginning 91 calendar days after July 1, 2026 and ending 150 calendar days following July 1, 2026, and 98% during the period beginning 151 calendar days after July 1, 2026 and ending 180 calendar days following July 1, 2026. Amounts not paid when due bear default interest at the lesser of 22% per annum and the maximum amount permitted by law. The Note becomes convertible at the holder's option upon the earliest of: (i) the Company's failure to pay an amortization payment when due, (ii) the date that is 180 calendar days after July 1, 2026, or (iii) the date that any conversion shares are registered for resale pursuant to a registration statement or prospectus filed by the Company. The conversion price is 75% of the lowest closing bid price of the Company's common stock during the ten trading days immediately preceding the applicable conversion date, subject to a floor price of $0.10 per share. The floor price does not apply on or after an event of default. The Note contains a 4.99% beneficial ownership limitation, which the holder may increase or decrease upon notice to the Company, provided that the limitation may not exceed 9.99% and an increase is not effective until the 61st day after notice. The Warrant is exercisable beginning January 1, 2027 and expires at 5:00 p.m., New York City time, on July 1, 2029. The exercise price is $0.50 per share, subject to adjustment for stock dividends, stock splits, combinations, reclassifications and similar events. If, at the time of exercise, there is no effective registration statement registering, or the prospectus contained therein is not available for, the resale of the warrant shares by the holder, the Warrant may be exercised on a cashless basis. The Warrant contains a 4.99% beneficial ownership limitation, which may be increased or decreased upon notice to the Company, subject to a maximum of 9.99% and a 61-day delay for any increase. Under the transaction documents, the aggregate number of shares of common stock that may be issued under the Note and the Warrant is limited to 1,569,579 shares unless shareholder approval is obtained, subject to adjustment and the other provisions of the transaction documents. The Purchase Agreement requires the Company to hold a special meeting of shareholders on or before 180 calendar days after July 1, 2026 for the purpose of obtaining shareholder approval in accordance with Nasdaq Rule 5635(d). The Purchase Agreement provides that the Company will use the proceeds for business development and general working capital, subject to specified restrictions. The Purchase Agreement and the Note contain customary and transaction-specific covenants, including transfer agent instructions, legal counsel opinion provisions, public information covenants, piggy-back registration rights, a requirement to purchase directors' and officers' insurance within 60 calendar days after closing, restrictions on certain capital stock distributions and asset sales, and registration-statement-related default provisions. The Note provides that an event of default occurs if the Company fails to file a registration statement covering the holder's resale of all conversion shares and warrant shares within 60 calendar days after July 1, 2026, fails to cause the registration statement to become effective within 120 calendar days after July 1, fails to keep the registration statement effective, or fails to amend or file a new registration statement if there are no longer sufficient shares registered for resale. The Note contains events of default including, without limitation, payment defaults, breach of covenants, breach of representations and warranties, failure to deliver conversion shares, bankruptcy or insolvency events, cessation of operations, failure to maintain material assets, transfer-agent-related defaults, transmission of material non-public information not cured by a same-day Form 8-K, unavailability of Rule 144, delisting, trading suspension or failure to be listed or quoted on a principal market, failure to pay an amortization payment, failure to obtain required shareholder approval within 180 calendar days after July 1, 2026, and registration statement failures. Upon an event of default, the Note becomes immediately due and payable in an amount equal to the then-outstanding principal amount plus accrued interest, including default interest, multiplied by 150%, plus costs of collection. The holder may, in its sole discretion, convert all or any portion of the Note, including the default amount, into common stock pursuant to the terms of the Note. The full text of the Purchase Agreement, the Note and the Warrant are available at https://tinyurl.com/yteuyt99, https://tinyurl.com/j8ztwzeb, and https://tinyurl.com/hvd9npu9, respectively. About Netcapital Inc. Headquartered in Boston, Mass., Netcapital Inc. -- www.netcapital.com -- is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company's funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities' association. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2017, issued a "going concern" qualification in its report dated August 12, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2025, citing that the Company has a negative working capital, operating losses, and negative cash flows from operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of January 31, 2026, the Company had $26.06 million in total assets, $4.46 million in total liabilities, and $21.60 million in total stockholders' equity. NFI GROUP: S&P Rates Proposed Unsecured Notes Due 2031 'B' ---------------------------------------------------------- S&P Global Ratings assigned its 'B' issue-level rating and '6' recovery rating to NFI Group Inc.'s proposed C$350 million unsecured notes due 2031. The '6' recovery rating indicates its expectation for negligible (0%-10%; rounded estimate: 0%) recovery in the event of a default. The company intends to use the proceeds from these notes to repay revolver borrowings, thereby freeing up capacity to repay its convertible debentures when they mature in January 2027, and to repay its Manitoba Development Corp. ("MDC") facility. S&P said, "At the same time, we raised our recovery rating on the company's $600 million second-lien secured notes to '3' (50%-70%, rounded estimate: 55%) from '4' (30%-50%, rounded estimate: 35%). This incorporates the higher enterprise value we assume at hypothetical default partially due to the company's recent revenue growth. "Our 'BB-' issuer credit rating and stable outlook on NFI are unchanged, as the proposed transaction will be leverage neutral, in our view. We continue to expect the company to generate S&P Global Ratings-adjusted debt to EBITDA of 2.8x in 2026, progressing toward the company's leverage target of 1.5x-2.5x over the next few years." Issue Ratings--Recovery Analysis Key analytical factors -- S&P's 'BB-' rating and '3' recovery rating on NFI's $600 million second-lien senior secured notes indicate our expectation for meaningful (50%-70%; rounded estimate: 55%) recovery. -- S&P's 'B' rating and '6' recovery rating on NFI's C$350 million proposed senior unsecured notes indicate its expectation for negligible (0%-10%; rounded estimate: 0%) recovery. -- S&P's analysis considers a hypothetical default in 2030, stemming from a significant decline in EBITDA. This could result from challenging market conditions including increased competition, cost increases, or lower demand for transit buses. -- S&P's recovery analysis assumes a gross reorganization value of about $975 million, reflecting emergence EBITDA of $177 million and a 5.5x multiple. -- S&P assumes, in a hypothetical bankruptcy, NFI's $700 million first-lien senior secured revolver is 85% drawn and these claims will be fully satisfied before any value cascades to other lenders. Simulated default assumptions -- Year of default: 2030 -- EBITDA at emergence: $177 million -- EBITDA multiple: 5.5x Simplified waterfall -- Net enterprise value (after 5% administrative costs): $926 million -- Total first-lien claims: $564 million --Recovery expectations: Not applicable -- Amount available for second-lien claims: $362 million -- Total second-priority claims: $636 million --Recovery expectations: 50%-70% (rounded estimate: 55%) -- Total available for unsecured claims: $0 -- Total unsecured debt claims: $277 million --Recovery expectations: 0%-10% (rounded estimate: 0%) Note: All debt amounts include six months of prepetition interest. NOAH WEBSTER: S&P Affirms 'CC' Rating on 2014 Revenue Bonds ----------------------------------------------------------- S&P Global Ratings affirmed its 'CC' long-term rating on the Pima County Industrial Development Authority, Arizona's series 2014 charter school revenue bonds, issued for Noah Webster Basic Schools Inc. At the same time, S&P Global Ratings removed the rating from CreditWatch with negative implications, where it had been placed April 3, 2026. The outlook is negative. S&P said, "The negative outlook reflects our view there is a high likelihood of default based on the closure of the Pima campus starting fall 2026, as it effectively eliminates the main source of its operating revenue and ability to service its debt beyond the near term. "We could lower the rating to a 'D' if the school does not meet full and timely debt service payment requirements. "A positive rating action is unlikely given the school will not be operating in fall 2026, thereby limiting its source of revenue. However, we could raise the rating or revise the outlook to stable if the school demonstrates the ability to make all bond payments on a full and timely basis, with expectations that future bond payments would be made." NOMURA AMERICA: Two Roads Marks $215,000 Bond at 29% Off -------------------------------------------------------- Two Roads Shared Trust has marked its $215,000 bond issued by Nomura America Finance, LLC to market at $153,439 or 71% of the outstanding amount, according to Two Roads' N-CSR for the fiscal year ended July 8, 2026, filed with the U.S. Securities and Exchange Commission. Two Roads Shared Trust owns a bond issued by Nomura America Finance, LLC. The bondaccrues interest at a rate of 4(USISOA30-USISOA02-1.00%), 2.0840 per annum. The bond matures on July 29, 2034. Two Roads Shared Trust is a registered investment company that operates as a shared trust offering investment funds to investors. The Fund is led by James Colantino as Principal Executive Officer and Laura Szalyga as Principal Financial Officer. The Fund can be reached at: James Colantino Two Roads Shared Trust 225 Pictoria Drive, Suite 450 Cincinnati, OH 45246 Telephone: (631) 490-4300 bout Nomura America Finance, LLC Nomura America Finance, LLC is a U.S. financing subsidiary affiliated with Nomura that provides funding and capital markets-related financing activities. NS8 INC: Ex-CEO Fraud Clawback Case Nears Ruling ------------------------------------------------ Ben Zigterman of Law360 Bankruptcy Authority reports that a Delaware bankruptcy judge said he will begin working toward a ruling in the Chapter 11 adversary case involving the convicted co-founder and former CEO of NS8 Inc., noting that briefing has concluded and the issues are now ripe for decision. The court made the remarks during a hearing on the ongoing litigation. The lawsuit forms part of the bankruptcy estate's campaign to recover funds allegedly lost before the cybersecurity company's collapse. The Chapter 11 trustee has pursued claims against the former executive as the estate seeks to maximize recoveries available for creditors, the report states. Rather than ruling from the bench, the judge said he would review the parties' submissions before issuing a written decision. The outcome will help determine how the adversary proceeding moves forward and whether the estate can continue pursuing the contested claims, according to report. About NS8 Inc. Las Vegas-based NS8 Inc. -- https://www.ns8.com/ -- is a developer of a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help businesses minimize risk. NS8 sought Chapter 11 protection (Bankr. D. Del. Case No. 20-12702) on Oct. 27, 2020. The petition was signed by Daniel P. Wikel, the chief restructuring officer. The Debtor was estimated to have $10 million to $50 million in assets and $100 million to $500 million in liabilities at the time of the filing. The Hon. Christopher S. Sontchi is the case judge. The Debtor tapped Blank Rome LLP and Cooley LLP as its legal counsel, and FTI Consulting Inc. as its financial advisor. Stretto is the claims agent. * * * The company changed its name to Cyber Litigation after it sold substantially all of its assets to Codium Software LLC in December 2020. In March 2022, Cyber Litigation won approval of its plan to pay a total of at least $38 million to defrauded investors. OLYMPIAN WAY: Case Summary & Seven Unsecured Creditors ------------------------------------------------------ Debtor: Olympian Way Development LLC 565 Northside Drive DW, Suite D-202 Atlanta, GA 30310 Business Description: Olympian Way Development LLC is an Atlanta- based residential real estate development and construction company that develops and renovates single-family homes and townhome properties. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-58984 Debtor's Counsel: Brad Fallon, Esq. FALLON LAW PC 1201 W. Peachtree St. NW, Suite 2625 Atlanta, GA 30309 Tel: (404) 849-2199 E-mail: brad@fallonbusinesslaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Derrick Harris as manager. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LBYET3I/Olympian_Way_Development_LLC__ganbke-26-58984__0001.0.pdf?mcid=tGE4TAMA ON SEMICONDUCTOR: S&P Affirms 'BB+' ICR, Outlook Stable ------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' issuer credit rating on ON Semiconductor Corp. (onsemi). S&P said, "We also placed the 'BB' rating on its senior unsecured notes on CreditWatch with positive implications, reflecting the possibility that a greater net enterprise value at default for the combined company in our recovery analysis may lead to greater recovery prospects. "The stable outlook reflects our expectation for revenue to return to growth of 7%-8% in 2026. We also expect greater manufacturing utilization rates to improve EBITDA margins to above 30%, while free operating cash flow (FOCF) remains strong at well above $1 billion. We expect leverage to remain below 1x, even after the Synaptics acquisition, but assume the company's financial policy could allow for leverage to rise above 2x for strategic acquisitions." Onsemi agreed to acquire Synaptics Inc. (BB-/Watch Pos/--) in an all-stock deal expected to close in the first half of 2027, paying 1.35 shares for each Synaptics share. S&P believes this deal expands onsemi's product portfolio and total addressable market, while initially diluting its EBITDA margin somewhat and potentially adding to the cyclicality of its operating performance. S&P said, "Nonetheless, we expect the combined company's pro forma S&P Global Ratings' adjusted EBITDA margins to improve to well above 30% in 2027, as increasing demand for both companies drives at least high-single-digit percent revenue growth. In addition to planned cost synergies and potential cross-selling, we believe combined EBITDA margins could increase above 35% by 2028. "The transaction will have a minimal impact on onsemi's pro forma leverage at close, which we expect to remain well below 1x. This is due to the relatively modest net funded debt outstanding of about $450 million at Synaptics." Synaptics will moderately benefit onsemi's near-term business profile, with potential longer-term benefits from an expanded addressable market. S&P expects Synaptics to initially contribute over $1.3 billion of revenue in 2027 on a pro forma basis. Synaptics' product portfolio includes embedded processors that allow for low-power AI processing within devices, wireless connectivity, video interface, and human-machine interface solutions such as capacitive touch and biometric sensing. These products, combined with onsemi's existing power and sensor solutions, should help it to better address the physical AI market, which includes autonomous vehicles and industrial and humanoid robotics. While onsemi expects this market to expand at a 25% compound annual rate to about $100 billion in 2030, S&P considers it an emerging market with an uncertain long-term growth rate. In the long term, onsemi may use its larger global sales capability to bundle and cross-sell Synaptics' products to its existing customer base. However, the target company has lower S&P Global Ratings' adjusted EBITDA margins at about 20%, which S&P expects to cause about two percentage points of pro forma EBITDA margin dilution at transaction close. This reflects Synaptics' large research and development (R&D) spending to bolster its product capabilities in the physical AI and Internet of things (IoT) space. If onsemi successfully achieves its planned $200 million of total cost synergies within 18 months from close, the acquisition could eventually be margin accretive. These synergies will mostly come from selling, general, and administrative expenses and include share-based compensation reductions. S&P said, "We also consider Synaptics' EBITDA generation to be generally more volatile during demand cycles, with the last cycle resulting in a peak-to-trough EBITDA decline of over 70% compared to over 50% for onsemi. This could reflect the company's smaller revenue base and greater exposure to perhaps more volatile end markets like mobile, PC, and related peripherals. "We expect leverage to remain low, pro forma the acquisition, given strong FOCF and expanding EBITDA margins. onsemi is seeing signs of a cyclical recovery in demand from its core automotive and industrial end markets, demonstrated through improved order trends. This includes automotive content growth as electrical powertrains, software-defined vehicles, and zonal architectures gain traction. AI data center revenue is also growing and may double to about $500 million this year given the breadth of the company's power solutions. "We expect this increasing demand to drive greater manufacturing utilization rates and operating leverage gains, improving S&P Global Ratings' adjusted EBITDA margins to above 30% in 2026 from about 25% in 2025. This also reflects the impact of prior and ongoing manufacturing footprint streamlining. "We expect EBITDA growth to drive onsemi's reported FOCF to about $1.5 billion this year, assuming a similar capital expenditure (capex) intensity of about 5% of revenues, and modest cash interest burden due to a sizable mix of low-coupon convertible notes in its debt structure. Although we assume share repurchases will remain elevated at about 100% of FOCF, the company's large cash and short-term investments balance ($2.4 billion as of April 3, 2026) still support its strong liquidity position. We also expect S&P Global Ratings' adjusted leverage (which nets available cash) to remain well below 1x at year-end and pro forma the Synaptics acquisition. However, we generally believe the company maintains a financial policy that could allow for leverage of above 2x to support strategic acquisitions as would have been the case with the rejected bid for Allegro Microsystems last year. "The stable outlook reflects our expectation for revenue to return to growth of 7%-8% in 2026 as demand recovers following a cyclical downturn. We also expect greater manufacturing utilization rates to improve EBITDA margins to above 30% despite continued restructuring activities, while FOCF remains strong at well above $1 billion. Although we expect leverage to remain below 1x, even after the Synaptics acquisition likely closes in the first half of 2027, we assume the company's financial policy could allow for leverage to rise above 2x for strategic acquisitions." S&P would lower its rating if: -- Revenue and operating performance are weaker than expected. This could be due to issues integrating Synaptics, operational mishaps, or competitive pressures; and -- Management adopts a more aggressive financial policy, including large-scale share repurchases and debt-funded acquisitions, such that we believe leverage could exceed 3x at the bottom of the demand cycle. S&P could raise its rating if the company: -- Maintains solid organic revenue growth as market demand recovers, while structurally improving its EBITDA margins and FOCF generation; -- Improves its competitive standing, characterized by market share gains, technology leadership, and customer design wins; and -- Successfully integrates Synaptics without disrupting its operations. S&P could also raise the rating if it believes the company will maintain a financial policy that supports S&P Global Ratings' adjusted leverage below 2x through a cyclical downturn. ONE SOURCE: Starts Chapter 11 Bankruptcy in New Jersey ------------------------------------------------------ On July 13, 2026, One Source Properties LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of New Jersey, Newark Division. According to court filings, the debtor reports between $500,000 and $1 million in liabilities owed to 1 to 49 creditors. The deadline to object to the debtor's discharge or the dischargeability of certain debts is September 4, 2026. About One Source Properties LLC One Source Properties LLC is a Paterson, New Jersey-based real estate investment and residential leasing company. The company focuses on the ownership and management of residential rental properties in Paterson. Court records indicate the Chapter 11 filing followed a scheduled foreclosure sale involving a property located at 457 East 29th Street, which was set for July 14, 2026. One Source Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17984) on July 13, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. Honorable Neil W. Bason handles the case. The debtor is represented by Marc A. Goldbach, Esq., of Goldbach Law Group. PACIFIC CAPITAL: Taps Michael I. Goldberg as Independent Director ----------------------------------------------------------------- Pacific Capital Funding Group, Inc. and affiliates seek approval from the U.S. Bankruptcy Court for the Northern District of California to employ Michael I. Goldberg as their sole and independent director. Mr. Goldberg will provide an independent view and vote on decisions required to be made by the board of directors for each of the Debtors. Mr. Goldberg will be paid $1,000 per hour, plus $375 for services performed by his paralegal. Reimbursement of all reasonable and documented out-of-pocket expenses incurred in connection with service to the Debtors. As 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. About Pacific Capital Funding Group Pacific Capital Funding Group and its affiliates filed their voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-30538) on June 16, 2026, listing $10,000,001 to $50 million in both assets and liabilities. Bennett G. Young, Esq. and Jeffer Mangels & Mitchell LLP serves as the Debtor's counsel. PERFORMERS EDGE: Hires Kroger Gardis & Regas LLP as Counsel ----------------------------------------------------------- Performers Edge LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to hire Kroger Gardis & Regas, LLP as counsel. The firm's services include: a) preparation of filings and applications and conducting examinations necessary to the administration of this matter; b) advice regarding Debtor's rights, duties, and obligations as debtor-in-possession; c) performance of legal services associated with and necessary to the day-today operations of the business, including, but not limited to, institution and prosecution of necessary legal proceedings, loan restructuring, and general business and corporate legal advice and assistance, all of which are necessary to the proper preservation and administration of the estate; d) negotiation, preparation, confirmation, and consummation of a plan of reorganization; and e) provision of any and all other necessary action incident to the proper preservation and administration of the estate in the conduct of Debtor's business. The firm will be paid at these rates: Harley K. Means, Partner $425 per hour Weston E. Overturf, Partner $425 per hour Kevin D. Koons, Partner $425 per hour Jason T. Mizzell, Associate $385 per hour Anthony T. Carreri, Associate $385 per hour Kimberly Whigham, Paralegal $195 per hour Deidre Gastenveld, Paralegal $195 per hour Kenyatta Peerman, Paralegal $195 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Harley K. Means, Esq., a partner at Kroger Gardis & Regas, LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Harley K. Means, Esq. Kroger Gardis & Regas, LLP 111 Monument Circle, Suite 900 Indianapolis, IN 46204 Tel: (317) 777-7434 Email: hmeans@kgrlaw.com About Performers Edge LLC Performers Edge, LLC provides dance education, group dance classes, and private lessons in Carmel, Indiana. Performers Edge filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-04157) on June 29, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge James M. Carr presides over the case. Harley K. Means, Esq., at Kroger Gardis & Regas, LLP represents the Debtor as legal counsel. PHOENIX RACK: Seeks to Hire Allan D. NewDelman P.C. as Counsel -------------------------------------------------------------- Phoenix Rack & Axle, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Arizona to hire Allan D. NewDelman, P.C. as counsel. The firm's services include: (a) advise the Debtor with respect to all matters related to this Chapter 11 case; (b) prepare on behalf of the Debtor necessary legal papers; and (c) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these hourly rates: Allan NewDelman, Attorney $475 Roberta Sunkin, Attorney $395 Paralegal $150 - $200 The firm will be paid an initial retainer of $20,000, plus the filing fee of $1,738. Mr. NewDelman 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: Allan D. NewDelman, Esq. Allan D. NewDelman, PC 80 East Columbus Avenue Phoenix, AZ 85012 Telephone: (602) 264-4550 Facsimile: (602) 277-0144 Email: anewdelman@adnlaw.net 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. PICO-UNION HOUSING: Seeks to Extend Plan Exclusivity to Oct. 12 --------------------------------------------------------------- Pico-Union Housing Corporation asked the U.S. Bankruptcy Court for the Central District of California to extend its exclusivity periods to file a plan of reorganization to Oct. 12, 2026. The Debtor is a California nonprofit public benefit corporation committed to preserving and managing affordable housing in Southern California. The nature of the Debtor's operations, involving the management and preservation of affordable housing units serving vulnerable populations, adds meaningful complexity to the reorganization process. The Debtor explains that Impact Mortgage Opportunities Fund, L.P. ("IMOF") claims a pre-judgment lien against all assets of the company. If an agreement with IMOF on its plan treatment and/or lien cannot be secured through mediation, the Debtor will likely need to file a lawsuit to determine the validity and extent of IMOF's lien. This issue alone presents complexity that, unless resolved, will render the disclosures in the Debtor's chapter 11 plan too vague to provide meaningful information for creditors at the time they are called upon to vote on the chapter 11 plan. The Debtor believes that any deal with IMOF will provide the framework for the plan treatment of other creditors, including unsecured creditors. Without the extension of the exclusivity period, the Debtor may be forced to deal with a competing plan during the plan confirmation process, which would divert time and resources away from productive negotiations and reorganization efforts. Since the Petition Date, the Debtor has complied with all reporting requirements under the Bankruptcy Code and Rules, timely filed its schedules and statement of financial affairs, and engaged in communications with creditors. The Debtor is seeking to move expeditiously in this Case toward filing a plan and obtaining plan confirmation. The Debtor asserts that it is not using exclusivity as a tactical device to force creditors to accept a proposed plan. The Debtor will propose what it believes to be fair and equitable terms for payment of creditors' claims. The extension of exclusivity is not intended to pressure any creditor to submit to any reorganization demands. The Debtor further asserts that if exclusivity is terminated, the Debtor may be forced to divert time and resources away from the reorganization process to defend against competing plans. A competing plan battle would complicate the Case and result in substantial extra costs that might otherwise be avoided. The Debtor has been and will continue to be extremely diligent in moving the Case toward plan confirmation. The Debtor claims that although the company could propose a chapter 11 plan and note that other creditors' distributions will depend upon an unknown outcome relating to IMOF's claim, the information provided will contain speculative information. As such, it may be prudent for the Court to extend exclusivity so that mediation can be conducted and the Debtor can explore a potential settlement with IMOF that may include plan treatment. Pico-Union Housing Corporation is represented by: David M. Goodrich, Esq. Jeffrey I. Golden, Esq. GOLDEN GOODRICH LLP 3070 Bristol Street, Suite 640 Costa Mesa, CA 92626 Telephone: (714) 966-1000 E-mail: jgolden@go2.law dgoodrich@go2.law About Pico-Union Housing Corporation Pico-Union Housing Corporation is a Los Angeles-based nonprofit housing developer and property manager that develops, preserves, and operates affordable housing for low-and very-low-income households, primarily in the Pico-Union neighborhood and other areas of the city. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12372 on March 12, 2026. In the petition signed by Gloria Farias, executive director, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Vincent P. Zurzolo oversees the case. The Debtor tapped David M. Goodrich, Esq., at Golden Goodrich LLP as counsel and Joshua R. Teeple, CPA, at Grobstein Teeple LLP as financial advisor. PLEASANT HEIGHTS: Taps Wenarsky & Goldstein as Bankruptcy Counsel ----------------------------------------------------------------- Pleasant Heights, Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Law Offices of Wenarsky & Goldstein, LLC as bankruptcy counsel. The firm will represent the Debtor in all aspects of Chapter 11, prepare a petition and plan negotiations with creditors, prepare operating reports, shepherding the case to confirmation. The firm will be paid at these rates: Scott J. Goldstein $450 per hour Jenee K. Cicciarelli $450 per hour Associate / Of Counsel $275 per hour Law Clerks $225 per hour Paralegals $195 per hour The firm shall receive a retainer in the amount of $10,000. As disclosed in the court filings, Wenarsky & Goldstein, LLC is a disinterested person under 11 U.S.C. Sec. 101(14). The firm can be reached through: Scott J. Goldstein, Esq. Law Offices of Wenarsky and Goldstein, LLC 410 State Route 10 West, Suite 214 Ledgewood, NJ 07852 Tel: (973) 927-5100 Fax: (973) 927-5252 About Pleasant Heights Inc. Pleasant Heights, Inc. operates as a real estate lessor in the state of New Jersey, focusing on acquiring, managing, and leasing property assets. The company's activities include tenant relations, property upkeep, and lease administration to support sustainable rental revenue across its holdings. Pleasant Heights, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-10109) on January 06, 2026, with $0 to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Stacey L. Meisel presides over the case. Scott J. Goldstein, Esq., at the Law Offices of Wenarsky and Goldstein, LLC represents the Debtor as legal counsel. POLAR POWER: Mayers Ventures Gets $275K Note With Board Seat Right ------------------------------------------------------------------ Polar Power, Inc. announced in a regulatory filing that it issued to Mayers Ventures LLC, a limited liability company organized and existing under the laws of Nevada, a convertible promissory note in the aggregate principal amount of $275,000. The consideration price of the Note was $250,000. The Note has an interest rate of 10% per annum, and the maturity date is December 30, 2027. Mayers has the right to convert the outstanding and unpaid principal amount and interest into the Company's shares of common stock, $0.0001 par value per share. The conversion price equals 90% of the lowest daily VWAP of the Company's Common Stock in the seven trading days ending on the date of the delivery of the applicable conversion notice, subject to a floor price while the Common Stock is listed on the trading market. The Company agreed to include all shares of Common Stock issuable upon the conversion of the Note within the definition of "Registrable Securities" in a registration rights agreement that the Company and the purchasers of a financing intend to enter into. Pursuant to the Note, Mayers also has the right to designate one individual for appointment of election to the board of directors of the Company. The Note contain other customary terms and conditions. A full text copy of which is available at https://tinyurl.com/hnad3wpy About Polar Power Polar Power, Inc. designs, manufactures and sells direct-current power systems that supply energy for off-grid, bad-grid, backup-power, electric-vehicle charging and nano-grid applications. Its products integrate DC generators, proprietary electronic controls, lithium batteries and solar photovoltaic technologies. The company sells primarily into telecommunications markets and also serves defense, automotive, marine and industrial markets. In an audit report dated April 15, 2026, Weinberg & Company, P.A., included a going concern qualification, stating that the company incurred a net loss and negative operating cash flows during the year ended Dec. 31, 2025. The conditions raised substantial doubt about the company's ability to continue as a going concern. As of March 31, 2026, the Company had $11.44 million in total assets, $9.06 million in total liabilities, and $2.39 million in total stockholders' equity. POWER REIT: Brent Morrison Appointed as Independent Trustee ----------------------------------------------------------- Power REIT announced in a regulatory filing that the Board of Trustees appointed Brent Morrison to serve as an independent trustee of the Trust, effective immediately. Mr. Morrison will serve until the Trust's next annual meeting of shareholders and until his successor is duly elected and qualifies, or until his earlier resignation, retirement or removal in accordance with the Trust's governing documents. Mr. Morrison currently serves as Chairman of the Board, Chief Executive Officer and President of Regional Health Properties, Inc., a publicly traded healthcare company. Mr. Morrison has significant experience leading small capitalization public companies, including public company governance, capital markets transactions, financial reporting, strategic planning and corporate finance. The Board believes that Mr. Morrison's executive leadership and public company experience will provide valuable perspective as the Trust continues to pursue its strategic objectives. The Board has determined that Mr. Morrison satisfies the applicable independence requirements of the NYSE American LLC Company Guide. Mr. Morrison will receive the Trust's standard compensation for non-employee trustees, as approved by the Board from time to time. There are no arrangements or understandings between Mr. Morrison and any other person pursuant to which he was appointed as a trustee. There are no transactions involving Mr. Morrison that would require disclosure under Item 404(a) of Regulation S-K. About Power REIT Old Bethpage, N.Y.-based Power REIT is a Maryland-domiciled, internally managed real estate investment trust that owns a portfolio of real estate assets related to transportation, energy infrastructure, and controlled environment agriculture in the United States. Houston, Texas-based MaloneBailey, LLP, the Trust's auditor since 2015, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Trust has suffered recurring losses, recurring negative cash flow from operations and reduced revenues that raise substantial doubt about its ability to continue as a going concern. As of December 31, 2025, the Company had $26.9 million in total assets, $21.8 million in total liabilities, and $5.1 million in total equity. PRECIOUS HEARTS: Hires Boyle Legal LLC as Bankruptcy Counsel ------------------------------------------------------------ Precious Hearts Child Center LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to hire Boyle Legal, LLC, as counsel. The firm will provide these services: a. give the Debtor legal advice with respect to my powers and duties as Debtor-in- Possession in the continued reorganization of its debts; b. take necessary actions to avoid liens against the Debtor's property, remove restraints against Debtor's property and such other actions to remove any encumbrances and liens which are avoidable, which were placed against the property of the Debtor prior to the filing of the Petition instituting this proceeding and at a time when the Debtor was insolvent; c. take necessary action to enjoin and stay until final decree any attempts by secured creditors to enforce liens upon property of the Debtor in which property of the Debtor has substantial equity; d. represent the Debtor, as Debtor-in-Possession, in any proceedings which may be instituted in this Court by Debtor, Creditors, or other Parties-in-Interest during the course of this proceeding; e. prepare necessary pleadings, answers, orders, reports, and other legal papers; f. perform all other Bankruptcy legal services for Debtor-in-Possession or to employ attorneys, or other Professionals, for such other non-Bankruptcy legal services during the pendency of this Case. The firm will be paid at these rates: Michael Boyle (partner) $400 per hour Paralegals $100 to $150 per hour The firm received an initial retainer in the amount of $10,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Michael L. Boyle, Esq., a partner at Boyle Legal, LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael L. Boyle, Esq. Boyle Legal, LLC 64 2nd Street Troy NY 12180 Telephone: (518) 407-3121 Email: mike@boylebankruptcy.com About Precious Hearts Child Center LLC Precious Hearts Child Center LLC is a Cohoes, New York-based child day care services provider. The company previously operated a licensed child care facility with capacity for 44 children, offering preschool and early childhood education services. Precious Hearts Child Center LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 26-10716) on June 30, 2026. In its petition, the Debtor reports estimated assets between $50,000 and $100,000 and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Patrick G. Radel handles the case. The Debtor is represented by Michael Leo Boyle, Esq. of Boyle Legal, LLC. PWB LAND: Huntsville Property Sale to L. Hamilton for $350K OK'd ---------------------------------------------------------------- The U.S Bankruptcy Court for the Southern District of Texas, Houston Division, has granted PWB Land Holdings LLC, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property that is up for sale is located at 1460 River Oaks Drive, Huntsville, TX 77340. The Debtor has received an offer for the purchase of the Property in the amount of $350,000.00 from Lauri Hamilton. The Court has authorized the Debtor to sell the Property to Lauri Hamilton. The Debtor is authorized to pay from the sale proceeds and The Broker Real Estate Firm is authorized to disburse at closing the ordinary and usual closing expenses including the cost of a title policy; all lienholders and, all outstanding ad valorem taxes (pro-rated for current year). The remaining funds shall be delivered to the Debtor. All liens, claims, interests, and encumbrances shall continue in the net sales proceeds to the same extent, validity, and priority as they existed against the Property. The Debtor is authorized to execute all documents necessary to effectuate the sale, including but not limited to a special warranty deed conveying all right, title and interest in and to the Property to the Buyer. About PWB Land Holdings, LLC PWB Land Holdings, LLC is believed to operate as a real estate holding and land investment company focused on property ownership and asset management activities. PWB Land Holdings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-33201) on May 4, 2026. In its petition, the debtor reported estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The debtor is represented by Susan Tran Adams, Esq. of Tran Singh LLP. RELIABLE RENTAL: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Reliable Rental Equipment, LLC 3460 I-55 S Frontage Road Jackson, MS 39206 Business Description: Reliable Rental Equipment, LLC, founded in 2020 and based in Jackson, Mississippi, rents and sells construction, earthmoving, aerial-lift, lawn-care and power equipment, trailers and roll-off dumpsters, while providing delivery and pickup services to roofing, demolition, construction and restoration contractors and residential customers across central Mississippi. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court Southern District of Mississippi Case No.: 26-01892 Judge: Hon. Jamie A Wilson Debtor's Counsel: Eileen N. Shaffer, Esq. ATTORNEY AT LAW PO Box 1177 Jackson, MS 39215-1177 Tel: (601) 969-3006 E-mail: eshaffer@eshaffer-law.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Steven Jones a authorized representative of the Debtor. 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/7JESB3I/Reliable_Rental_Equipment_LLC__mssbke-26-01892__0005.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/6YAUEDQ/Reliable_Rental_Equipment_LLC__mssbke-26-01892__0001.0.pdf?mcid=tGE4TAMA RIVERLIGHT DEVELOPMENT: Seeks Chapter 11 Bankruptcy in Florida -------------------------------------------------------------- On July 13, 2026, Riverlight Development LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the debtor reports between $1 million and $10 million in liabilities, including approximately $6.9 million in secured debt, with 1 to 49 creditors. The court set a Nov. 10, 2026 deadline for filing the Chapter 11 plan and disclosure statement. About Riverlight Development LLC Riverlight Development LLC is a Jacksonville, Florida-based residential land development company that operates as a single-asset real estate business. The company has been involved in large-scale residential development projects in Central Florida. As of 2024, it was managing roughly 1,500 acres of land with plans to develop approximately 5,000 residential units along with educational infrastructure. Court records do not specify the reasons for the Chapter 11 filing. Riverlight Development LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Case No. 26-03121) on July 13, 2026. In its petition, the debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $1 million to $10 million. Chief Judge Jacob A. Brown is overseeing the case. The debtor is represented by Richard A. Perry, Esq., of Richard A. Perry, P.A. SAFECO CONSTRUCTION: Voluntary Chapter 11 Case Summary ------------------------------------------------------ Debtor: Safeco Construction Corp 600 Gulf Ave., Suite A Staten Island NY 10314 Business Description: Safeco Construction Corp is a Staten Island, New York-based heavy-civil contractor that performs concrete, sewer and water-system, utility, streetscape, sidewalk, curb, pedestrian-ramp and general site work, primarily for municipal and other government customers. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43353 Judge: Hon. Jil Mazer-Marino Debtor's Counsel: Vivian Williams, Esq. VMW LAW PC 733 Third Ave FL 16 New York NY 10017 Tel: 212-561-5312 E-mail: vwilliams@thewilliamsfirmnyc.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Albert Pretto as president. The Debtor did not submit the 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/2SGEVNI/Safeco_Construction_Corp__nyebke-26-43353__0001.0.pdf?mcid=tGE4TAMA SAN FRANCISCO ARCHDIOCESE: Pursues Talks to Confirm Chapter 11 Plan ------------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a Catholic diocese north of San Francisco has challenged its insurers as it pursues mediation aimed at confirming a Chapter 11 reorganization plan, arguing that insurance coverage is a vital asset of the bankruptcy estate. The church said insurer cooperation is necessary to move negotiations forward. The diocese maintained that coverage disagreements should not stand in the way of mediation efforts designed to resolve claims and establish a feasible restructuring plan. It argued that addressing insurance obligations is essential to maximizing value for creditors and other stakeholders. As mediation continues, the insurance dispute remains one of the key issues in the Chapter 11 proceedings. The resolution of those disagreements is expected to play a significant role in determining whether the diocese can achieve a consensual reorganization and emerge from bankruptcy. About The Roman Catholic Archbishop of San Francisco The Roman Catholic Archbishop of San Francisco, Archdiocese of San Francisco, is a tax-exempt religious organization. The Archdiocese of San Francisco is a Latin Church ecclesiastical territory or diocese of the Catholic Church in the northern California region of the United States. The Archdiocese of San Francisco was erected on July 29, 1853, by Pope Pius IX, and its cathedral is the Cathedral of Saint Mary of the Assumption. The Archdiocese sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-30564) on Aug. 21, 2023. In the petition filed by Fr. Patrick Summerhays as vicar general and moderator of the Curia, the Archdiocese reported $100 million to $500 million in assets and liabilities. The Hon. Dennis Montali oversees the case. The Debtor tapped Feldserstein Fitzgerald Willoughby as counsel. Counsel for Certain Personal Injury Creditors are Michael G. Finnegan, Esq., Jennifer E. Stein, Esq., and Parker P. Estenson, Esq. of JEFF ANDERSON & ASSOCIATES, P.A. SANTIAM HOSPITAL: Faces Cash Crunch, Seeks Emergency Merger OK -------------------------------------------------------------- Kristine de Leon of The Oregonian/OregonLive reports that Santiam Hospital and Salem Health are seeking emergency approval for their proposed merger, telling Oregon regulators that the rural hospital is approaching insolvency and cannot wait through the state's standard monthslong review process. The nonprofit health systems said an expedited review is necessary to preserve hospital operations and maintain access to care. According to the emergency filing, Santiam's financial position has worsened significantly since the merger review began earlier this year. Officials cited continuing financial losses, growing compliance issues tied to outstanding debt and major technology investment needs, including replacement of the hospital's electronic health record system, as factors requiring immediate action. The organizations contend that delaying the merger could jeopardize healthcare services for residents across the region. Oregon Health Authority officials are reviewing the emergency exemption request after the parties withdrew their original merger application from the comprehensive review process. Headquartered in Stayton, Oregon, Santiam Hospital is a nonprofit regional healthcare provider offering inpatient, outpatient, emergency and specialty medical services. The hospital serves rural communities throughout Marion and Linn counties and has sought a strategic partnership with Salem Health to strengthen its long-term financial position, the report states. About Santiam Hospital Santiam Hospital & Clinics is a Stayton, Oregon-based nonprofit regional healthcare provider serving residents throughout the Mid-Willamette Valley. Established in 1953, the health system operates an acute care hospital and multiple outpatient clinics offering emergency care, family medicine, specialty services, surgical procedures, diagnostic imaging, rehabilitation and women's health. The organization plays a vital role in delivering healthcare to rural Oregon communities. SCILEX HOLDING: SCLX Discloses 11.4% Equity Stake ------------------------------------------------- SCLX Stock Acquisition JV LLC disclosed in a Schedule 13D (Amendment No. 6) filed with the U.S. Securities and Exchange Commission that as of July 3, 2026, it beneficially owns 30,029,378 shares of Scilex Holding Company's Common Stock, $0.0001 par value per share, representing 11.4% of the 8,491,267 shares of Common Stock outstanding as of May 15, 2026, plus 14,018 shares of Common Stock issuable upon exercise of warrants held by SCLX Stock Acquisition that are exercisable within 60 days of the date on which this Amendment No. 6 has been filed with the SEC. The ownership comprises of: (i) 958,263 shares of Common Stock, (ii) 14,018 shares of Common Stock issuable upon exercise of warrants exercisable within 60 days of the date on which this Amendment No. 6 has been filed with the SEC, and (iii) 29,057,097 shares of Series A Preferred Stock, par value $0.0001 per share, which are entitled to vote, together with the holders of Common Stock, and not separately as a class, on an as converted to Common Stock basis on all matters on which the holders of shares of Common Stock have the right to vote (with the number of votes being determined by dividing the stated value by $10.00) and as of the date of this Amendment No. 6 such preferred stock is entitled to 848,106 votes as a result of adjustments to the conversion price of such preferred stock in accordance with the terms of the Certificate of Designations. Shares of Series A Preferred Stock are not convertible into shares of Common Stock and therefore the 29,057,097 shares of Series A Preferred Stock held by SCLX Stock Acquisition are not included in this percentage. SCLX Stock Acquisition's aggregate voting power, including shares of Series A Preferred Stock and assuming the exercise of all warrants held by SCLX Stock Acquisition, is 19.3%. On July 3, 2026, SCLX Stock Acquisition entered into a Letter Agreement with the Issuer and Quantum Scan Holdings, Inc., pursuant to which SCLX Stock Acquisition transferred 500,000 shares of Common Stock held by SCLX Stock Acquisition to Q Scan in exchange for shares of common stock of Q Scan. SCLX Stock Acquisition JV LLC may be reached through: Xiao Xu, Sole Manager SCLX Stock Acquisition JV LLC 960 San Antonio Road Palo Alto, CA 94303 Tel: 650-516-4310 A full-text copy of SCLX Stock Acquisition JV LLC's SEC report is available at: https://tinyurl.com/3um78hws About Scilex Holding Company Palo Alto, Calif.-based Scilex Holding Company -- www.scilexholding.com -- is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and, following the formation of its proposed joint venture with IPMC Company, neurodegenerative and cardiometabolic disease. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain, and is dedicated to advancing and improving patient outcomes. Scilex's commercial products include: (i) ZTlido (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration for the relief of neuropathic pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain; (ii) ELYXYB, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) Gloperba, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults. Walnut Creek, California-based BPM LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 10, 2026, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $293.6 million in total assets, $547.7 million in total liabilities, and $254.1 million in total stockholders' deficit. SEA OAKS: Hires K&L Gates LLP as Bankruptcy Co-Counsel ------------------------------------------------------ Sea Oaks Condominium Council of Co-Owners, Inc. seeks approval from the U.S. Bankruptcy Court for the District of South Carolina to employ K&L Gates LLP as co-counsel. The firm will provide services to the Debtor and its estate including, but not limited to, services in connection with: (i) governance of the Association; (ii) marketing, bidding and sale procedures for the Property, and matters relating thereto; (iii) efforts to obtain judgment(s) against Association Members (by consent or otherwise) authorizing the sale of Debtor's undivided interest in the Property, jointly with the sale of the interests of the Association Members, pursuant to 11 U.S.C. §363(h) and/or other applicable provisions of the Bankruptcy Code, and matters relating thereto; (iv) seeking Bankruptcy Court authorization to sell the Property free and clear of the interests of all Association Members, liens and encumbrances, with such interests to attach to the proceeds of sale, subject to distribution by Bankruptcy Court order in accordance with 11 U.S.C. §§363(b), (f), (h), (i), and/or (j) and/or other applicable provisions of the Bankruptcy Code, and matters relating thereto; (v) closing the sale of the Property, and matters relating thereto, including but not limited to termination or amendment of the timeshare plan for the Property effective at or prior to closing of the sale; (vi) the process to obtain Bankruptcy Court authorization to distribute net sale proceeds (after costs of administration and sale) as well as all remaining property, cash and reserves of the Association; (vii) consulting with the Board and other professionals retained by the Debtor regarding preparation and prosecution of a plan of liquidation for the Debtor, preparation of a plan, and pursuit of confirmation thereof; (viii) dissolution of the Association following sale and distribution pursuant to a confirmed plan of liquidation or other Bankruptcy Court order; and/or (ix) communicating with the Bankruptcy Court, United States Trustee, sub-chapter V trustee, professional engaged by Debtor, the Board, Association Members, and other parties in interest regarding all or some of the above. The firm will be paid at these rates: Jeff Kucera, Partner $1,165 per hour Daniel M. Eliades, Partner $865 per hour Bill Waldman, Partner $800 per hour Jennifer Mazawey, Partner $775 per hour Carly Everhardt, Associate $700 per hour Ryan W. DeSimone, Associate $540 per hour Joy M. VanDerWeert, Paralegal $380 per hour Kyra Swinney-Darby, Paralegal $380 per hour Prior to the commencement of the Chapter 11 Case, the Debtor paid the firm $74,829.50. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Eliades 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: Daniel M. Eliades, Esq. K&L Gates LLP One Newark Center, Tenth Floor Newark, NJ 07102 Telephone: (973) 848-4000 Email: daniel.eliades@klgates.com About Sea Oaks Condominium Council of Co-Owners, Inc. Sea Oaks Condominium Council of Co-Owners is an Edisto Beach, South Carolina-based nonprofit condominium and timeshare association, formed in 1984, that manages and regulates the units and common areas of Sea Oaks Condominium, a four-building, 24-unit timeshare property within the Ocean Ridge master development. Sea Oaks Condominium Council of Co-Owners, Inc. in Edisto Beach, SC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.S.C. Case No. 26-02882) on June 26, 2026, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. Douglas Punger as president, signed the petition. Judge L Jefferson Davis IV oversees the case. CAMPBELL LAW FIRM, PA serve as the Debtor's legal counsel. K&L GATES LLP as co-counsel. SEA PALMS: Seeks to Hire K&L Gates LLP as Co-Counsel ---------------------------------------------------- Sea Palms Condominium Council of Co-Owners seeks approval from the U.S. Bankruptcy Court for the District of South Carolina to employ K&L Gates LLP as co-counsel. The firm will provide services to the Debtor and its estate including, but not limited to, services in connection with: (i) governance of the Association; (ii) marketing, bidding and sale procedures for the Property, and matters relating thereto; (iii) efforts to obtain judgment(s) against Association Members (by consent or otherwise) authorizing the sale of Debtor's undivided interest in the Property, jointly with the sale of the interests of the Association Members, pursuant to 11 U.S.C. Sec. 363(h) and/or other applicable provisions of the Bankruptcy Code, and matters relating thereto; (iv) seeking Bankruptcy Court authorization to sell the Property free and clear of the interests of all Association Members, liens and encumbrances, with such interests to attach to the proceeds of sale, subject to distribution by Bankruptcy Court order in accordance with 11 U.S.C. Secs. 363(b), (f), (h), (i), and/or (j) and/or other applicable provisions of the Bankruptcy Code, and matters relating thereto; (v) closing the sale of the Property, and matters relating thereto, including but not limited to termination or amendment of the timeshare plan for the Property effective at or prior to closing of the sale; (vi) the process to obtain Bankruptcy Court authorization to distribute net sale proceeds (after costs of administration and sale) as well as all remaining property, cash and reserves of the Association; (vii) consulting with the Board and other professionals retained by the Debtor regarding preparation and prosecution of a plan of liquidation for the Debtor, preparation of a plan, and pursuit of confirmation thereof; (viii) dissolution of the Association following sale and distribution pursuant to a confirmed plan of liquidation or other Bankruptcy Court order; and/or (ix) communicating with the Bankruptcy Court, United States Trustee, sub-chapter V trustee, professional engaged by Debtor, the Board, Association Members, and other parties in interest regarding all or some of the above. The firm will be paid at these rates: Jeff Kucera, Partner $1,165 per hour Daniel M. Eliades, Partner $865 per hour Bill Waldman, Partner $800 per hour Jennifer Mazawey, Partner $775 per hour Carly Everhardt, Associate $700 per hour Ryan W. DeSimone, Associate $540 per hour Joy M. VanDerWeert, Paralegal $380 per hour Kyra Swinney-Darby, Paralegal $380 per hour Prior to the commencement of the Chapter 11 Case, the Debtor paid the firm $75,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Eliades 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: Daniel M. Eliades, Esq. K&L Gates LLP One Newark Center, Tenth Floor Newark, NJ 07102 Telephone: (973) 848-4000 Email: daniel.eliades@klgates.com About Sea Palms Condominium Council of Co-Owners The Sea Palms Condominium Council of Co-Owners is an unincorporated association of owners organized under the laws of South Carolina. The Association governs Sea Palms Condominium, a timeshare community located at 371-395 Sea Cloud Circle in Edisto Beach, South Carolina, with a principal place of business at #1 King Cotton Road. Created under a declaration dated September 24, 1984, the property consists of six buildings with 25 fully furnished units, each containing a full kitchen, along with common elements. The Sea Palms Condominium Council of Co-Owners, in Edisto Beach SC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.S.C. Case No. 26-02880) on June 26, 2026, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. Kent Lovett as president, signed the petition. Judge L Jefferson Davis IV oversees the case. CAMPBELL LAW FIRM, PA serve as the Debtor's legal counsel. SEATON INVESTMENTS: Hires United Real Estate as Real Estate Broker ------------------------------------------------------------------ Seaton Investments, LLC and its affiliates, seek approval from the U.S. Bankruptcy Court for the Central District of California to employ United Real Estate Professionals as real estate broker. The broker will market and sell the Debtor's property located at 3538 Greenfield Avenue, Los Angeles, California 90034. The broker will receive a commission equal to 5% of the selling price for the property made payable only upon the close of sale. The commission will be reduced to 3.5% in the event there are no other agents involved. As disclosed in the court filings, United Real Estate Professionals is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Ben Kanani United Real Estate Professionals 17011 Beach Blvd. #900 Huntington Beach, CA 92647 Telephone No. (310) 800-7405 Email: benkanani@gmail.com About Seaton Investments Seaton Investments, LLC is a Single Asset Real Estate debtor (as defined in 11 U.S.C. Section 101(51B)). Seaton Investments filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 24-12079) on March 19, 2024, listing $10 million to $50 million in both assets and liabilities. The petition was signed by Alan D. Gomperts as managing member. Judge Vincent P. Zurzolo presides over the case. Derrick Talerico, Esq., at Weintraub Zolkin Talerico & Selth, LLP represents the Debtor as legal counsel. SELINA HOSPITALITY: Saba Capital Virtually Writes Off $4.9MM Bond ----------------------------------------------------------------- Saba Capital Income & Opportunities Fund has marked its $4,981,328 bond issued by Selina Hospitality to market at $58,292 or 1% of the outstanding amount, according to Saba Capital's N-CSRS for the fiscal year ended April 30, 2026, filed with the U.S. Securities and Exchange Commission. Saba Capital Income & Opportunities Fund owns a bond issued by Selina Hospitality. The Bond accrues interest at a rate of 6.000% per annum. The Bond matures on Nov. 1, 2029. Saba Capital Income & Opportunities Fund is a corporate issuer in the leveraged finance market. The Fund is led by Paul Kazarian as Chief Executive Officer and Troy Statczar as Treasurer and Chief Financial Officer. The Fund can be reached at: Paul Kazarian Saba Capital Income & Opportunities Fund 405 Lexington Avenue, 58th Floor New York, NY 10174 Telephone: (212) 542-4644 About Selina Hospitality Selina Hospitality is a hospitality company associated with the Selina-branded hostel and hotel lodging platform. SENTIENT BRANDS: Ex-Managers Surrender 455,496 Shares ----------------------------------------------------- Two former Sentient Brands Holdings Inc. managers agreed to surrender 455,496 restricted common shares under settlement and cooperation agreements dated July 1, the company said in a Form 8-K filing. The agreements support the company's compliance and restitution initiative and require the former managers to provide continuing cooperation in contemplated legal actions involving historical transactions, billing records, debt and share issuances. The surrendered shares, equal to 13,664,747 shares before a 1-for-30 reverse split effective Jan. 2, 2026, will be canceled and returned to authorized but unissued status. The company will make no monetary payment for the shares. A group of 25 investors and other parties agreed to conditional releases and covenants not to sue in exchange for cooperation and restitution. The releases may be revoked for a material breach, and the contemplated legal actions had not been filed as of July 10, 2026. About Sentient Brands Sentient Brands Holdings Inc., based in Sheridan, Wyoming, operates a brand platform focused on acquiring, developing and commercializing premium and functional consumer packaged goods. Its subsidiaries manufacture and distribute food, beverage and wellness products, including shelf-stable nutrition items, and supply emergency water and meals-ready-to-eat. The company's portfolio includes Original New York Seltzer, Arctic Frost, Burlone and Aqua Emergency products. It sells through e-commerce, retail and wholesale distribution, government procurement contracts and international export partnerships. In an audit report dated April 15, 2026, Cathedral CPAs & Advisors LLP included a going-concern paragraph, citing recurring operating losses and a net capital deficiency. The conditions raised substantial doubt about Sentient Brands Holdings Inc.'s ability to continue as a going concern. As of March 31, 2026, Sentient Brands Holdings Inc. reported total assets of $2.62 million, total liabilities of $4.82 million and total stockholders' deficit of $2.2 million. SILICON VALLEY: Ex-Treasurer Denies Taking Risky Steps ------------------------------------------------------ Bonnie Eslinger of Law360 reports that Silicon Valley Bank's former treasurer testified Monday, July 13, 2026, that he did not witness any actions by the bank's leadership that he considered unsafe or harmful to the institution's financial condition before its 2023 failure. His testimony came during a California federal bench trial involving the FDIC's claims of asset mismanagement. The former executive defended SVB's former officers, saying he observed efforts to manage the bank's finances and risks rather than decisions that could undermine its stability. He pushed back against allegations that leadership ignored warning signs or took improper steps before the collapse, the report states. The FDIC has accused former SVB executives of failing to properly manage risks that ultimately contributed to the bank's failure. The former executives have denied wrongdoing as the trial examines the events leading up to the bank's historic collapse, according to Law360. About Silicon Valley Bank Silicon Valley Bank was the nation's 16th largest bank and the biggest to fail since the 2008 financial meltdown. During the week of March 6, 2023, Silicon Valley Bank, Santa Clara, CA, experienced a severe "run-on-the-bank." On the morning of March 10, 2023, the California Department of Financial Protection and Innovation seized SVB and placed it under the receivership of the Federal Deposit Insurance Corporation (FDIC). The FDIC on March 13, 2023, disclosed that it transferred all deposits -- both insured and uninsured -- and substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated "bridge bank" in an action designed to protect all depositors of Silicon Valley Bank. SVB Financial Group is a financial services company focusing on the innovation economy, offering financial products and services to clients across the United States and in key international markets. Prior to March 10, 2023, SVB Financial Group owned and operated Silicon Valley Bank, a state-chartered bank. On March 17, 2023, SVB Financial Group sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 23-10367). The Hon. Martin Glenn is the bankruptcy judge. The Debtor had assets of $19,679,000,000 and liabilities of $3,675,000,000 as of Dec. 31, 2022. Centerview Partners LLC is proposed financial advisor, Sullivan & Cromwell LLP proposed legal counsel and Alvarez & Marsal proposed restructuring advisor to SVB Financial Group as debtor-in-possession. Kroll is the claims agent. On June 13, 2023, a collective of depositors of the Silicon Valley Bank (Cayman Islands Branch) filed a petition with the Court seeking an order that SVB Cayman be wound up and liquidators be appointed under the provisions of the Companies Act (2023 Revision) on the grounds that the Company is insolvent. On June 29, 2023, the Grand Court of the Cayman Islands appointed Andrew Childe and Michael Pearson of FFP limited in the Cayman Islands and Niall Ledwidge from Stout in New York, United States as Joint Official Liquidators of SVB Cayman. Liquidators of Silicon Valley Bank (Cayman Islands) filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y. Case No. 24-10076) on Jan. 18, 2024. The Liquidators' counsel in the U.S. case is Warren E. Gluck, Esq. at Holland & Knight LLP. SMILES DENTISTRY: Hires Latham Luna as Bankruptcy Counsel --------------------------------------------------------- Smiles Dentistry, P.A. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Latham Luna as Latham, Luna, Eden & Beaudine, LLP, as bankruptcy counsel. The firm's services include: (a) advising as to the Debtor's rights and duties in this case; (b) preparing pleadings related to this case, including a disclosure statement and plan of reorganization; and (c) taking any and all other necessary action incident to the proper preservation and administration of this estate. Latham Luna will be compensated at hourly rates ranging from $275 to $495 for attorneys (including Daniel A. Velasquez) and from $105 for paraprofessionals. The firm received a prepetition retainer totaling $26,738. Latham Luna represents that it is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code and holds no interest adverse to the Debtor or its estate, according to court filings. The firm can be reached at: Daniel A. Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 E-mail: dvelasquez@lathamluna.com About Smiles Dentistry, P.A. Smiles Dentistry, P.A., filed a Chapter 11 bankruptcy petition (Bankr. S.D. Fla. Case No. 26-18509) on June 29, 2026. The Debtor hires Latham, Luna, Eden & Beaudine, LLP, as bankruptcy counsel. SOBR SAFE: Ends Alcohol Unit, Targets $1.2M Annual Savings ---------------------------------------------------------- SOBR Safe, Inc. will discontinue its alcohol-monitoring hardware and software operations effective July 31, a restructuring move expected to cut annual operating costs by about $1.2 million. The company will stop manufacturing its SOBRcheck and SOBRsure devices, terminate software-support agreements for SOBRsafe services and end its corporate office lease, according to a Form 8-K filing. SOBR Safe expects about $50,000 in severance, employee-related, contract-termination and office-decommissioning costs. It also cut three employees in June and may incur additional costs. The company said the action is intended to preserve cash for its proposed business combination with Clean World Ventures Inc. About SOBR Safe, Inc. SOBR Safe, Inc., based in Greenwood Village, Colorado, developed noninvasive technology for detecting alcohol through perspiration. Its SOBRsafe software platform connected with SOBRcheck, a touch-based identity and alcohol-tracking device, and SOBRsure, a wearable alcohol- and GPS-tracking band. The company marketed its products to behavioral-wellness, commercial-workplace and individual-consumer users. It sold through direct channels, channel partners, sales agents and enterprise and consumer digital marketing. In an audit report dated April 10, 2026, Haynie included a going-concern paragraph, citing recurring operating losses and limited cash liquidity and capital resources for future requirements. The conditions raised substantial doubt about SOBR Safe, Inc.'s ability to continue as a going concern. As of March 31, 2026, SOBR Safe, Inc. reported total assets of $3.79 million, total liabilities of $1.15 million and total stockholders' equity of $2.64 million. SOUTH BRONX: S&P Lowers Revenue Bond Long-Term Rating to 'B-' ------------------------------------------------------------- S&P Global Ratings lowered its long-term rating to 'B-' from 'B+' on South Bronx Charter School for International Cultures & the Arts (SBCSICA), New York's series 2023 tax-exempt revenue bonds. The outlook is negative. S&P said, "The rating action reflects our view of the combination of SBCSICA's continued declining enrollment and decreasing cash reserves, which we believe increase pressure on financial and operational viability and could lead to elevated charter renewal risk in the near term. "The negative outlook reflects our view that there is at least a one-in-three chance that enrollment decreases could continue in fall 2026 and further pressure operations. With enrollment at slightly more than 300 in May 2026, projections for materially weakened liquidity, and an extremely elevated maximum annual debt service burden, we view operating flexibility as extremely limited in the near term. "We could lower the rating over the one-year outlook period if enrollment or demand metrics continue to weaken in fall 2026, or if liquidity weakens more than expected in fiscal 2026. In addition, we would negatively view a perceived rise in risk associated with the upcoming charter renewal. "Although such an event is unlikely given the magnitude of the budgetary imbalance, we could take a positive rating action should SBCSICA recover enrollment, supporting a strengthened market position, and improve financial operations such that they support a trend of improved operating margins and sufficient lease-adjusted maximum annual debt service coverage, while maintaining or increasing liquidity." ST DESIGN: Case Summary & Three Unsecured Creditors --------------------------------------------------- Debtor: ST Design and Development, LLC 341 N La Fayette Park Pl Los Angeles, CA 90026-4717 Business Description: St Design and Development, LLC is a single-asset real estate company that owns commercial duplex properties at 1201 Douglas St. and 1401 Allison Ave. in Los Angeles, California. Chapter 11 Petition Date: July 9, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16858 Judge: Hon. Vincent P Zurzolo Debtor's Counsel: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP PO Box 789 Pacific Palisades CA 90272 Tel: (310) 804-2157 Email: Ocbkatty@aol.com Total Assets: $1,201,500 Total Liabilities: $1,022,869 The petition was signed by Sandy Nam as authorized representative. A full-text copy of the petition, which includes a list of the Debtor's three creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BE7XODA/St_Design_and_Development_LLC__cacbke-26-16858__0001.0.pdf?mcid=tGE4TAMA STEVE CLARK: Seeks to Extend Plan Exclusivity to July 22 -------------------------------------------------------- Steve Clark Drywall, Inc., asked the U.S. Bankruptcy Court for the District of Maryland to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to July 22 and Sept. 21, 2026, respectively. The Debtor continues in possession of its property and manages its affairs as debtor in possession pursuant to Sections 1107-1108 of the Bankruptcy Code. The Debtor is a drywall contractor engaged in the commercial and residential sales and installation of large drywall projects. The Debtor explains that the company, and its principal Mr. Steven Riley Clark, have judgments and contract liabilities which are subject to guarantees and have numerous cross liabilities the advancement of which caused this Chapter 11 case, and a case filing in this district by Mr. Clark as an affiliate of this Debtor on April 1. In addition, there will be a forthcoming Motion for Joint Administration or a Complaint for Substantive Consolidation in the very near term as to these two cases. A reassignment motion of this affiliate case for Mr. Clark is forthcoming to this division and before the bankruptcy judge who is administering the present Chapter 11 case. He has been treated for neurological difficulties in the spine following several very invasive surgeries last year and treatments have taken their toll on his time, and thus also delayed matters unintentionally. The Debtor asserts that substantial reworking of various liabilities for treatment in a forthcoming Chapter 11 Plan will be ongoing with the creditor constituency. The Debtor has been the source of Mr. Clark's revenues and a sizeable majority portion of the Debtor's claims are reflected against Mr. Clark as well. The Debtor further asserts that it needs time to source its additional income options and to reduce uncertainties as to sources of new work for the forthcoming Plan of Reorganization. Claims objections will likely be forthcoming to bring to a certainty the Plan base for treatment. Mr. Clark's case has very similar work and required steps. The exclusivity period on plan filing terminates on July 8. However, the Debtor filed a prior two Motions to Extend Exclusivity which were granted through July 8 on plan filing and September 7 on acceptances. The Debtor seeks a further two weeks or 14 days for an extension on the Exclusivity Periods each respectively. Steve Clark Drywall Inc. is represented by: John D. Burns, Esq. THE BURNS LAW FIRM, LLC 6303 Ivy Lane, Suite 102 Greenbelt, MD 20770 Tel: (301) 441-8780 Email: info@burnsbankruptcyfirm.com About Steve Clark Drywall Inc. Steve Clark Drywall, Inc., provides drywall, ceiling, and plaster contracting services, including installation and repair, for commercial and residential construction projects. Steve Clark Drywall filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 25-21471) on Dec. 8, 2025, listing up to $50,000 in assets and $1 million to $10 million in liabilities. Steven Riley Clark, president of Steve Clark Drywall, signed the petition. Judge Lori S. Simpson presides over the case. John D. Burns, Esq., at The Burns Law Firm, LLC, serves as the Debtor's bankruptcy counsel. STG LOGISTICS: Exits Ch. 11 Bankruptcy After Cutting About $B Debt ------------------------------------------------------------------ citybiz reports that multimodal transportation provider STG Logistics has exited Chapter 11 after completing a financial restructuring that reduced its funded debt by approximately 90% and strengthened its liquidity with new capital. The company said the restructuring leaves it better positioned to pursue long-term growth and capitalize on improving freight market conditions after eliminating nearly $1 billion in funded debt. Chief Executive Officer Geoff Anderman said the company's emergence from bankruptcy marks a turning point, enabling STG to expand investments in technology, customer service, employees and operational capabilities. He also expressed appreciation for the continued support of customers, employees, business partners and financial stakeholders during the restructuring process. The recapitalization transferred ownership to a group of financial institutions led by funds managed by Fortress Investment Group, Fidelity Management & Research Company, and Invesco Senior Secured Management. Despite the Chapter 11 proceedings, STG said its nationwide transportation network remained fully operational, allowing customers to continue using its port-to-door logistics, intermodal, drayage, trucking, warehousing and transloading services without interruption, the report relays. Headquartered in Columbus, Ohio, STG Logistics has more than 40 years of experience serving major U.S. ports and rail terminals with integrated logistics solutions. The restructuring was supported by legal, financial and communications advisors including Kirkland & Ellis LLP, Cole Schotz P.C., AlixPartners LLP, PJT Partners, and C Street Advisory Group, while Gibson, Dunn & Crutcher LLP and Evercore Group L.L.C. represented the ad hoc lender group, according to report. About STG Logistics STG Logistics Inc. is a North American logistics and supply chain solutions provider, known as the largest fully integrated port-to-door service provider in the United States and Canada. STG Logistics and several affiliated entities sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10258) on January 12, 2026. In its petition, STG Logistics listed up to $10 billion in both assets and liabilities. The Honorable Bankruptcy Judge Mark Edward Hall handles the cases. The Debtors tapped Kirkland & Ellis LLP as general bankruptcy counsel; Cole Schotz P.C. as local bankruptcy counsel; AlixPartners, LLP as financial advisor; PJT Partners, LP as investment banker; KPMG, LLC as tax service provider; Gordon Brothers Realty Services, LLC as real estate consultant and advisor; and Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent and administrative advisor. White & Case, LLP serves as independent counsel to Reception Holdings, L.P., Reception Mezzanine Holdings, LLC, and Reception Purchaser, LLC, acting at the direction of each of the special committees. Wilmington Savings Fund Society, FSB serves as agent for the DIP lenders and is advised by ArentFox Schiff. The ad hoc group of existing lenders is represented by Gibson, Dunn & Crutcher, LLP as legal counsel and Evercore Group, LLC as financial advisor. White & Case, LLP serves as counsel to the special committee of STG Logistics' board of managers. The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped McDermott Will & Schulte, LLP and Kelley Drye & Warren, LLP as legal counsel; and Province, LLC as financial advisor. SYSTEMATIC AUDIO: Hires DLA Piper LLP as Bankruptcy Counsel ----------------------------------------------------------- Systematic Audio, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ DLA Piper LLP (US) as bankruptcy counsel. The firm's services include: (a) advising the Debtor of its rights, powers and duties as debtor and debtor in possession, while operating and managing its business and property under chapter 11 of the Bankruptcy Code; (b) preparing on behalf of the Debtor all necessary and appropriate applications, motions, proposed orders, other pleadings, notices, schedules and other documents and reviewing all financial and other reports to be filed in this chapter 11 case; (c) advising the Debtor concerning and preparing responses to applications, motions, other pleadings, notices and other papers that may be filed by other parties in this chapter 11 case; (d) advising the Debtor with respect to, and assisting in the negotiation and documentation of asset purchase agreements or other definitive deal documentation, financing agreements, and related transactions; (e) advising the Debtor regarding actions to collect and recover property for the benefit of its estate; (f) advising the Debtor concerning executory contract and unexpired lease assumptions and assignments and rejections; (g) assisting the Debtor in reviewing, estimating and resolving claims asserted against the Debtor's estate; (h) assisting the Debtor in complying with applicable laws and governmental regulations; and (i) providing any other services to the extent requested by the Debtor. The firm will be paid at these hourly rates: W. Benjamin Winger (Restructuring Partner) $1,825 Erik F. Stier (Associate) $1,470 Stephanie B. Cohen (Associate) $1,375 Riley M. Sissung (Associate) $1,375 Rod Kazempour (Associate) $1,305 Corinne Smith (Associate) $985 Anthony Han (Restructuring Associate) $895 William L. Countryman (Case Manager) $640 Tennille Wilson (Paralegal) $460 DLA Piper received a retainer in the amount of $150,000. DLA Piper 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, according to court filings. The firm can be reached through: W. Benjamin Winger, Esq. DLA Piper LLP (US) 444 West Lake Street, Suite 900 Chicago, IL 60606 About Systematic Audio LLC Systematic Audio, LLC, doing business as Sundown Audio, is a Newton, North Carolina-based manufacturer of car audio equipment, including subwoofers, amplifiers, speakers, and related audio products. Systematic Audio, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C Case No. 26-50236) on June 9, 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 Laura T. Beyer handles the case. The Debtor tapped Eric Steven Goodheart, Esq., at DLA Piper LLP (US) as counsel and Epiq Corporate Restructuring, LLC as claims and noticing agent. SYSTEMATIC AUDIO: Hires Moore & Van Allen as Bankruptcy Counsel --------------------------------------------------------------- Systematic Audio, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ Moore & Van Allen PLLC as bankruptcy counsel. The firm's services include: a. providing the Debtor legal advice with respect to its powers and duties as debtor in possession in the continued operation of its business and management of its assets; b. assisting in taking all necessary actions to protect and preserve the Debtor's estate, including the prosecution of actions on the behalf of Debtor, the defense of any actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections to claims filed against the Debtor's estate; c. preparing or assisting in preparing all necessary schedules, statements, applications, answers, orders, reports, motions and notices in connection with the administration of the estates of the Debtor; d. preparing responses to applications, motions, other pleadings, notices, and other papers that may be filed and served in the Chapter 11 Case; e. appearing before this Court and such other courts as may be appropriate to represent the interests of the Debtor in matters that require representation and to represent and assist the Debtor in negotiations with other parties-in-interests in the Chapter 11 Case; f. advising the Debtor concerning actions it might take to collect and recovery property for the benefit of its estate; g. advising the Debtor concerning executory contracts and unexpired lease assumptions, assignments, and rejections; h. advising the Debtor in connection with any post-petition financing under Section 364 of the Bankruptcy Code, i. advising Debtor in connection with any sale of all or substantially all of its assets under section 363 of the Bankruptcy Code; j. advising the Debtor in formulating and preparing a chapter 11 plan, the related disclosure statement, any revisions and amendments relating to such documents, and all related materials, and advising and assisting the Debtor in connection with the solicitation and confirmation processes; and k. performing all other necessary legal services for the Debtor which may be necessary in the Chapter 11 Case. The firm's 2026 standard hourly rates are: Zachary H. Smith, Member $1,055 James R. Langdon, Member $990 Hillary B. Crabtree, Member $850 Ben E. Shook, Member $750 Matthew K. Taylor, Associate $700 Danielle A. Wise, Associate $575 Leroy J. Eaddy, Paralegal $325 Zachary Smith, Esq., a member of Moore & Van Allen PLLC, assured the court that his firm is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code. The firm can be reached through: Zachary H. Smith, Esq. Moore & Van Allen PLLC 100 North Tryon Street, Suite 4700 Charlotte, NC 28202-4003 Phone: (704) 331-1046 Email: zacharysmith@mvalaw.com About Systematic Audio LLC Systematic Audio, LLC, doing business as Sundown Audio, is a Newton, North Carolina-based manufacturer of car audio equipment, including subwoofers, amplifiers, speakers, and related audio products. Systematic Audio, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C Case No. 26-50236) on June 9, 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 Laura T. Beyer handles the case. The Debtor tapped Eric Steven Goodheart, Esq., at DLA Piper LLP (US) as counsel and Epiq Corporate Restructuring, LLC as claims and noticing agent. SYSTEMATIC AUDIO: Taps Ryan Strubeck of Ankura Consulting as CRO ---------------------------------------------------------------- Systematic Audio, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ Ankura Consulting Group, LLC and designate Ryan L. Strubeck, P.E. as chief restructuring officer. The firm will provide these services: A. Provide Ryan L. Strubeck to serve as Chief Restructuring Officer of the Debtor; B. Due Diligence and Situation Assessment i. Review status of current operations, financial operations and primary drivers of financial distress; ii. Analyze the Debtor's assets, liabilities, and other commitments, including transactions with other affiliated entities; C. Liquidity Forecasting and Management i. Review the Debtor's existing cash flow forecasts, and to the extent necessary, update and/or refine cash flow forecasting models and methodologies; ii. Assist the Debtor in managing liquidity, including the monitoring of disbursements, actual cash flow versus projections and evaluating and implementing options to extend the liquidity-runway; iii. Facilitate the chapter 11 filing, review the Debtor's existing short-term cash flow forecast and convert it to an initial cash collateral budget; D. Evaluation of Strategic Alternatives and Development of Restructuring Plan i. Assist the Debtor and its other advisors in evaluating strategic alternatives available to the Debtor; ii. Assist in developing and implementing agreed-upon restructuring strategies; iii. Assist with communications and negotiations with key stakeholders regarding the restructuring; E. Chapter 11 Preparation / Case Administration i. Assist the Debtor and counsel in preparing the necessary pleadings, motions and supporting financial disclosures necessary to file chapter 11 bankruptcy; ii. Subsequent to any filing, assist the Debtor's financial staff in preparing the necessary reporting and disclosures during the pendency of the bankruptcy proceeding; iii. Assist the Debtor with other chapter 11 related matters, as may be necessary or appropriate; F. Transaction Advisory / Reorganization Support i. Assist the Debtor and its advisors in pursuing a sale process, as directed by the independent manager; ii. In the event a non-sale reorganization path is selected, assist the Company's management and other advisors in negotiating with the relevant parties in interest in developing an executing plan of reorganization; G. Perform such other professional services as may be requested by the Debtor and agreed to by Ankura in writing. Ankura's standard hourly billing rates are: Senior Managing Director $1,380 - $1,545 Managing Director $1,140 - $1,280 Senior Director $940 - $1,085 Director $785 - $905 Senior Associate $645 - $725 Associate $525 - $595 Paraprofessional $395 - $455 Ankura is a "disinterested person" as that term is defined by Bankruptcy Code section 101(14), according to court filings. The firm can be reached through: Ryan L. Strubeck, P.E. Ankura Consulting Group, LLC 2 Houston Center 909 Fannin Street, Suite 2450 Houston, TX 77010 Phone: 713-646-5000 About Systematic Audio LLC Systematic Audio, LLC, doing business as Sundown Audio, is a Newton, North Carolina-based manufacturer of car audio equipment, including subwoofers, amplifiers, speakers, and related audio products. Systematic Audio, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C Case No. 26-50236) on June 9, 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 Laura T. Beyer handles the case. The Debtor tapped Eric Steven Goodheart, Esq., at DLA Piper LLP (US) as counsel and Epiq Corporate Restructuring, LLC as claims and noticing agent. TAYLOR CONSTRUCTION: Hires Rafool & Bourne as Bankruptcy Counsel ---------------------------------------------------------------- Taylor Construction and Remodeling, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of Illinois to hire Rafool & Bourne, P.C. as its bankruptcy counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its rights, powers and duties as Debtor-In-Possession in connection with the administration of its bankruptcy estate and the disposition of its property; (b) take such action as may be necessary with respect to claims that may be asserted against the Debtor and property of its estate, including but not limited to motions and adversary proceedings to determine secured status and avoidance actions pursuant to 11 U.S.C. Secs. 544, 547, 548 and 549; (c) prepare applications, motions, complaints, orders and other legal documents as may be necessary in connection with the appropriate administration of this case; (d) represent Debtor with respect to inquiries and negotiations concerning creditors of its estate and property; (e) initiate, defend or otherwise participate on behalf of the Debtor in all proceedings before this Court or any other court of competent jurisdiction; and (f) perform any and all other legal services on behalf of Debtor which may be required to aid in the proper administration of its bankruptcy estate. The firm's attorneys will receive compensation at an hourly rate of $300. Prior to filing, the Debtor paid a $15,500 retainer, of which $18,042 remains held in trust as a security retainer. Rafool & Bourne, P.C. has any connections with the Debtor, its creditors, or other parties in interest, 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: Sumner A. Bourne, Esq. RAFOOL & BOURNE, P.C. 401 Main Street, Suite 1130 Peoria, IL 61602 Telephone: (309) 673-5535 Facsimile: (309) 673-5537 E-mail: notices@rafoolbourne.com About Taylor Construction and Remodeling LLC Taylor Construction and Remodeling, LLC is a residential construction and remodeling contractor based in Peoria, Illinois. The company provides new home construction, home repairs, renovations, additions, conversions, exterior remodeling, flooring installation, roofing, siding, custom trim work, and related residential improvement services. It serves homeowners in Central Illinois. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Ill. Case No. 26-80528) on June 22, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Jedidiah J. Taylor, manager and bankruptcy representative, signed the petition. Judge Peter W. Henderson presides over the case. Sumner A. Bourne, Esq. at Rafool & Bourne, P.C. represents the Debtor as legal counsel. TERRA LAKE: To Sell Apartment Complex to B.I.G. Real Estate ----------------------------------------------------------- Les S. Osborne, Chapter 11 Trustee of Terra Lake Heights LLC, seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida, Ft. Lauderdale Division, to sell substantially all Assets, free and clear of liens, claims, interests, and encumbrances. The Debtor owns and manages a 160-unit apartment complex located at 1375 Pullen Road, Tallahassee, FL 32303. The Apartment Complex is the Debtor's principal and only significant asset. Aside from the Apartment Complex, the Debtor owns certain personal property, such as, cash, accounts, receivables, furniture, equipment, and claims and causes of action (Purchased Assets). The lienholder of the Assets is B.I.G. Real Estate Finance II LLC (BIG), City of Tallahassee, and HD Supply Facilities Maintenance. The Apartment Complex is no longer occupied as a result of an Order to Vacate by the fire marshal due to health and safety issues, including, but not limited to, repairs needed on stairways and mold remediation. The Apartment Complex is currently locked down and secured to prevent homeless individuals or squatters from entering the premises. Such lockdown has been accomplished with the knowledge and approval of the City of Tallahassee Fire Department. The Apartment Complex is burdensome to the estate and urgently needs to be divested. The estate is exposed to significant administrative liabilities associated with the Apartment Complex (including potential fines due to the current fire safety issues) and lacks the resources to maintain the Apartment Complex and address the current emergencies and needed repairs. Following extensive good faith and arms' length negotiations with BIG, the Trustee has reached an agreement with BIG for the sale of the Purchased Assets, free and clear of liens, claims, encumbrances and other interests. The amount and form of consideration is: 1. Cash payment; 2. Assumption of administrative liabilities associated with the Purchased Assets, including Chapter 11 Trustee fees and Professional fees; 3. Satisfaction of the DIP loan, which is estimated to be approximately $500,000 as of the Closing; 4. Partial satisfaction of BIG's prepetition secured claim in the amount of $20 million, with the balance of BIG's claim to be subordinated as a general unsecured claim. The Trustee believes that the proposed Sale to BIG is the only viable option for the estate to sell and monetize the Purchased Assets. The only alternative to the Sale is for the estate to promptly abandon its interests in the Purchased Assets. The proposed Sale to the Buyer is the product of arm's length, good-faith negotiations and the Trustee requests a finding that Buyer is a good-faith purchaser entitled to the protections of section 363(m) of the Bankruptcy Code. About Terra Lake Heights Terra Lake Heights, LLC is a limited liability company in Hollywood, Fla. Terra Lake Heights sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14464) on April 23, 2025, listing up to $50,000 in assets and between $10 million and $50 million in liabilities. Judge Scott M. Grossman handles the case. Chad Van Horn, Esq., at Van Horn Law Group, P.A. serves as the Debtor's legal counsel. Leslie Osborne is the Chapter 11 trustee appointed in the Debtor's case. Big Real Estate Finance II, LLC, as secured creditor, is represented by Matthew A. Barish, Esq., at Cole Schotz, P.C., in Boca Raton, Florida. THERAPY TREE: Commences Chapter 11 Bankruptcy in Arizona -------------------------------------------------------- On July 10, 2026, Therapy Tree PLLC 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 liabilities owed to 50-99 creditors. A meeting of creditors under Section 341(a) scheduled for August 18, 2026 at 09:00 AM as a Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. Deadline to file the Statement of Financial Affairs is July 24, 2026. About Therapy Tree PLLC Therapy Tree PLLC is a Phoenix, Arizona-based provider of pediatric multi-disciplinary rehabilitative therapy services. The company offers speech, occupational, physical, and feeding therapy for children throughout the Phoenix metropolitan area. It also participates in the sensory rooms market and continues to operate its clinical facilities while undergoing reorganization. Therapy Tree PLLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-06777) on July 10, 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 Daniel P. Collins handles the case. The Debtor is represented by Steven N. Berger, Esq., and Bradley David Pack, Esq., of Engelman Berger PC. THERAPY TREE: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Therapy Tree PLLC 9150 W. Indian School Road, #130 Phoenix, AZ 85037 Business Description: Therapy Tree provides pediatric speech, occupational, feeding and swallowing, and physical therapy, along with speech-language evaluations and teletherapy for speech and occupational therapy. It operates seven clinics in Glendale, Gilbert, Phoenix, Tucson, Surprise, and Flagstaff, Arizona. The provider uses the Sequential Oral Sensory approach for feeding therapy and describes its care model as multidisciplinary and family-centered. Chapter 11 Petition Date: July 10, 2026 Court: United States Bankruptcy Court District of Arizona Case No.: 26-06777 Judge: Hon. Daniel P Collins Debtor's Counsel: Steven N. Berger, Esq. ENGELMAN BERGER PC 2800 N. Central Avenue, Suite 1200 Phoenix, AZ 85004 Tel: 602-222-4976 E-mail: snb@eblawyers.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Emilie Willis as 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/4GTPE3Y/Therapy_Tree_PLLC__azbke-26-06777__0001.0.pdf?mcid=tGE4TAMA THL PARTNERS: Starts $1.5B Debt Restructuring Talks --------------------------------------------------- Alicia McElhaney and Samantha Kroontje of WSJ Pro reports that supply chain technology company FORTNA has entered discussions with creditors over a potential restructuring of more than $1.5 billion in debt as the company works to address mounting financial pressures, according to people familiar with the matter. The lender group, advised by Gibson, Dunn & Crutcher LLP, is negotiating with the THL Partners-backed business on several restructuring alternatives, including a possible liability management exercise. The talks follow increasing liquidity challenges as the company continues to contend with a sizable debt burden and rising interest expenses. S&P Global Ratings previously warned that FORTNA's financial flexibility had weakened as slowing economic conditions prompted retailers to postpone or reduce investments in warehouse automation and distribution infrastructure, the report states. FORTNA was formed in 2022 through the merger of FORTNA and MHS Global, another THL portfolio company, in a deal valued at roughly $4 billion with financial backing from a subsidiary of the Abu Dhabi Investment Authority. Although the company initially benefited from heightened demand during the e-commerce boom, it has since faced margin pressure as it expanded into parcel automation, a business that carries higher costs than its traditional fulfillment operations. Based in Atlanta, Georgia, FORTNA designs warehouse automation systems, logistics software and integrated distribution solutions for customers across retail, manufacturing and logistics industries. The company's debt includes approximately $1.47 billion in first-lien term loans due in 2029, according to S&P, making a balance-sheet restructuring increasingly important. About FORTNA Headquartered in Atlanta, Georgia, FORTNA is a global provider of warehouse automation, distribution optimization and supply chain solutions. The company offers strategy consulting, engineering, software, robotics integration and maintenance services, helping clients improve operational efficiency and enhance fulfillment capabilities across complex distribution networks. TRACES OF TIGER: Tamara Miles Ogier Named Subchapter V Trustee -------------------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Tamara Miles Ogier, Esq., at Ogier, Rothschild & Rosenfeld, PC as Subchapter V trustee for Traces of Tiger, Inc. Ms. Ogier will be paid an hourly fee of $475 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Ogier declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Tamara Miles Ogier, Esq. Ogier, Rothschild & Rosenfeld, PC P.O. Box 1547 Decatur, GA 30031 Phone: (404) 525-4000 About Traces of Tiger Inc. Traces of Tiger, Inc. is a Tiger, Georgia-based operator of an assisted living facility for seniors. It 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 sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-21072) on July 6, 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 Caitlyn Powers, Esq., at Rountree Leitman Klein & Geer, LLC. TRAWS PHARMA: May Sell Up to $5.58 Million in Stock --------------------------------------------------- Traws Pharma, Inc. may sell up to $5.58 million of common stock through Citizens JMP Securities LLC under a July 10 prospectus supplement, according to a Form 8-K filing. The amount reflects the company's current "baby shelf" limitation under Form S-3. The related shelf registration statement was filed July 1, 2026, and declared effective July 9, 2026. The sales would occur under a March 2025 at-the-market agreement that permits aggregate sales of up to $50 million, subject to applicable limitations, with Citizens acting as sales agent or principal. About Traws Pharma, Inc. Traws Pharma, Inc., based in Newtown, Pennsylvania, is a clinical-stage biopharmaceutical company developing therapies for respiratory viral diseases. Its antiviral programs include tivoxavir marboxil for bird flu and seasonal influenza and ratutrelvir for COVID-19. The company also has cancer programs involving narazaciclib and rigosertib. Its product candidates are investigational and are being evaluated through preclinical and clinical development. In an audit report dated April 15, 2026, KPMG LLP included a going-concern paragraph, citing recurring operating losses since inception. The conditions raised substantial doubt about Traws Pharma, Inc.'s ability to continue as a going concern. As of March 31, 2026, Traws Pharma, Inc. reported total assets of $8.16 million, total liabilities of $13.47 million and total stockholders' deficit of $5.31 million. TREE HOUSE: Hires C. Daniel Roberts PC as Counsel ------------------------------------------------- The Tree House Park LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire C. Daniel Roberts, PC as counsel. The firms will provide these services: a. give the Debtor legal advice with respect to its powers and duties as Debtor-in-Possession in the continued operation of its business and management of its property; b. advise the Debtor of its responsibilities under the Bankruptcy Code and assist with such; c. amend the voluntary petition and other paperwork necessary to complete this proceeding; d. assist the Debtor in preparing and filing the required Schedules, Statement of Affairs, Monthly Financial Reports, the Initial Debtor Report and other documents required by the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Local Rules of this Court and the administrative procedures of the Office of the United States Trustee; e. represent the Debtor in connection with adversary proceedings and other contested and uncontested matters, both in this Court and in other courts of competent jurisdiction, concerning any and all matters related to these bankruptcy proceedings and the financial affairs of the Debtor; f. represent the Debtor in the negotiation and documentation of any sales or refinancing of property of the estate, and in obtaining the necessary approvals of such sales or refinancing by this Court; and g. assist the Debtor in the formulation of a plan of reorganization and disclosure statement, and in taking the necessary steps in this Court to obtain approval of such disclosure statement and confirmation of such plan of reorganization. The firms will be paid at these rates: C. Daniel Roberts $525 per hour Legal Assistants $125 to 225 per hour Pre-petition, the Debtor paid C. Daniel Roberts, P.C. the amount of $15,000. The firms will also be reimbursed for reasonable out-of-pocket expenses incurred. As disclosed in a court filing that the firms are "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached at: C. Daniel Roberts, Esq. C. Daniel Roberts, P.C. PO Box 300549 Austin, TX 78703 Tel: (512) 470-0897 Email: droberts@cdrlaw.net About The Tree House Park LLC The Tree House Park LLC is an Austin, Texas-based real estate company that owns a 2.932-acre property at 7701 Colton Bluff Springs Road. The property is associated with The Tree House Park, an outdoor venue for food trucks, vendors, and events. The Tree House Park LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 26-11051) on June 1, 2026, listing $3,374,150 in assets and $1,011,045 in liabilities. The petition was signed by Maria de la Cruz Castillo, aka Maria de la Cruz Martinez, as manager and sole member. Judge Christopher G Bradley presides over the case. C. Daniel Roberts, Esq. at C. DANIEL ROBERTS, P.C. serves as the Debtor's counsel. UMBRELLA PROJECT: Hires Lane Law Firm PLLC as Counsel ----------------------------------------------------- The Umbrella Project, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Lane Law Firm, PLLC as counsel. The firm will provide these services: a. assist, advise and represent the Debtor relative to the administration of the chapter 11 case; b. assist, advise and represent the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of lien and claims, and participating in and reviewing any proposed asset sales or dispositions; c. attend meetings and negotiate with the representatives of the secured creditors; d. assist the Debtor in the preparation, analysis and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; e. take all necessary action to protect and preserve the interests of the Debtor; f. appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of Debtor before said Courts and the United States Trustee; and g. perform all other necessary legal services in these cases. The firm will be paid at these rates: Robert "Chip" Lane, Managing Partner $725 per hour Joshua Gordon, Partner $700 per hour Matthew Bourda, Senior attorney $700 per hour Zachary Casas, Attorney $625 per hour Kyle K. Garza, Attorney $600 per hour Paraprofessionals $250 per hour The firm received a retainer in the amount of $35,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Lane 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: Robert C. Lane, Esq. The Lane Law Firm, PLLC 6200 Savoy, Suite 1150 Houston, TX 77036 Tel: (713) 595-8200 Fax: (713) 595-8201 Email: notifications@lanelaw.com About The Umbrella Project, LLC The Umbrella Project, LLC, doing business as Artifacture and Artifacture Studios, is a Dallas, Texas-based fabrication studio. The company provides design, manufacturing, and production services for event-related products, corporate awards, signage, and packaging solutions. Its production capabilities include laser cutting, laser engraving and marking, glass customization, acrylic fabrication, woodworking, printing, foil stamping, and die cutting. The Umbrella Project, LLC in Dallas, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-32881) on June 30, 2026, listing $112,481 in assets and $1,508,211 in liabilities. Shane Selman as partner, signed the petition. Judge Scott W Everett oversees the case. THE LANE LAW FIRM serve as the Debtor's legal counsel. UPSHOT BREWING: Court OKs Brewery Assets Sale to Parlay 6 for $110K ------------------------------------------------------------------- Upshot Brewing Company LLC seeks permission from the U.S. Bankruptcy Court for the District of Nevada, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Personal Property is comprised of trademarks, recipes, website domain and certain related brand rights. The Debtor wishes to sell the Property to Parlay 6 Brewing Company, Inc. in the purchase price of $110,000. The Debtor's business generally consisted of two divisions: restaurant and special event operations; and beer brewing operations, which include the brewing and sale of Debtor's own beer line under the brand name Parlay 6, as well as providing contract labor brewing services to other beer lines owned by unrelated third-parties. The Court has authorized the Debtor to sell the Property to Parlay 6 Brewing Company. Upon payment in full of the Purchase Price, the transfer of the Sale Assets, as defined in the Purchase Agreement, to P6BC shall constitute a legal, valid and effective transfer and shall vest P6BC with all right, title and interest of the Debtor in and to the Sale Assets free and clear of all liens, claims, interests, and encumbrances. All of proceeds of the Sale shall be devoted to pay the secured claim of the Nevada Department of Taxation until the Secured Tax Claim is paid in full. The purchase of the Sale Assets by P6BC is a purchase in good faith for fair value within the meaning of section 363(m) of the Bankruptcy Code, and P6BC is entitled to all of the protections afforded good faith purchasers. About Upshot Brewing Company LLC Upshot Brewing Company LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nevada Case No. 26-50457) on May 6, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Hilary L. Barnes presides over the case. Kevin A. Darby, Esq., at Darby Law Practice, Ltd. represents the Debtor as bankruptcy counsel. UPTON ASSETS: Seeks to Hire Eric Terry Law as Independent Manager ----------------------------------------------------------------- Upton Assets, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to employ Eric Terry, Esq. of Eric Terry Law, PLLC as independent manager. Mr. Terry's exclusive authority will encompass these categories of decisions: (a) DIP Financing. Reviewing, negotiating, and approving, or rejecting, in Mr. Terry's independent business judgment, the terms of any debtor-in-possession financing facility proposed by Thomas O. Hanks, Jr. or any affiliated entity, including the DIP budget, DIP milestones, DIP covenants, proposed DIP liens, credit bid rights, and all other material DIP terms, and any modification, amendment, extension, or waiver thereof, and ensuring that such terms are fair and reasonable to the Company's estate. (b) Stalking Horse Bid. Evaluating, negotiating, approving, rejecting, or modifying the terms of a stalking horse asset purchase agreement and related transaction documents on behalf of the Company, on an arm's length basis, including the baseline purchase price, assumed liabilities, any bid protections (including break-up fees and expense reimbursements), conditions to closing, representations and warranties, and all other material terms of the proposed sale. (c) Section 363 Sale Process. Overseeing the marketing process, bidding procedures, qualification of bidders, conduct of any auction, sale closing, and the determination of the winning bid in connection with a Section 363 sale of the Company's assets. (d) Valuation and Marketing Professionals. Retaining, directing, and compensating one or more valuation experts, including real property appraisers and machinery and equipment appraisers, to provide opinions of value with respect to the Company's real property, equipment, and other assets, including the processing facility and related real property located in Reeves County, Texas; and retaining and directing one or more investment bankers, business brokers, or auctioneers to conduct a competitive, court supervised marketing and sale process. (e) Plan Process and Wind-Down. Evaluating and directing the Chapter 11 plan process, including supervising the preparation and prosecution of a chapter 11 liquidating plan of reorganization, or alternatively overseeing a sale of assets followed by a motion for dismissal of the Chapter 11 Case; administering sale proceeds; approving any distributions to creditors; supervising any liquidating trust established in connection with the Chapter 11 Case; and overseeing all related wind-down activities of the estate. (f) Additional Authority. Evaluating and approving or rejecting any other transaction, agreement, or arrangement between the Debtor and any affiliate, insider, or entity in which Mr. Hanks holds a direct or indirect financial interest that arises during the pendency of this chapter 11 case; supervising the Company's appellate counsel in connection with any pending appeal of the jury verdict entered against the Company in the state court litigation; providing testimony or declarations in support of the sale process, plan confirmation, or other matters in the Chapter 11 Case, as necessary; and taking all other actions Mr. Terry deems necessary or appropriate in his independent business judgment to maximize the value of the Assets for the benefit of the estate and its creditors. Mr. Terry will be compensated at an hourly rate of $450 per hour (discounted from $595 per hour), plus reimbursement of actual and reasonable out-of-pocket expenses. A retainer of $35,000 will be paid to Mr. Terry. Mr. Terry 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: Eric Terry, Esq. Eric Terry Law, PLLC 3511 Broadway St. San Antonio, TX 78209 Phone: (210) 468-8274 About Upton Assets, LLC Upton Assets, LLC, filed a Chapter 11 bankruptcy petition (Bankr. W.D. Tex. Case No. 26-50916) on April 6, 2026, listing $500,001 to $1 million in assets and $10,000,001 to $50 million in liabilities. Judge Aubrey L Thomas presides over the case. The Debtor hires The Law Offices of William B. Kingman, P.C. as counsel. US HOLDINGS: Jonathan Dickey Named Subchapter V Trustee ------------------------------------------------------- The Acting U.S. Trustee for Region 19 appointed Jonathan Dickey as Subchapter V trustee for US Holdings, LLC. Mr. Dickey 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. Dickey declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Jonathan M. Dickey, Esq. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 303-832-2400 Email: jmd@kutnerlaw.com About US Holdings LLC US Holdings, LLC, operating as NavAuto1 Group, is an auto repair and maintenance shop based in Denver, Colorado. The company provides vehicle repair and maintenance services for import and domestic vehicles, including oil changes, brake repair, suspension service, wheel and tire service, diagnostics, alignment, catalytic converter service, and scheduled maintenance. It also lists ADAS calibration and alignment among its services. US Holdings filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Colo. Case No. 26-14855) on July 3, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Shahnaz Emami, chief executive officer, signed the petition. Judge Joseph G. Rosania, Jr. oversees the case. Issa Israel, Esq., at Consultus Legal Ltd represents the Debtor as bankruptcy counsel. VERITONE INC: Holders Approve Authorized Common Share Hike to 225M ------------------------------------------------------------------ Veritone, Inc. stockholders approved increasing the company's authorized common shares to 225 million from 150 million at the July 7 annual meeting, according to a Form 8-K filing. The company filed the charter amendment with Delaware on July 10, 2026, and it became effective upon filing. Holders cast 42,298,570 votes for the proposal, 4,629,242 against it and 595,642 abstentions. Stockholders also approved adding 3 million shares to Veritone's amended 2023 equity incentive plan and approved time- and performance-based restricted stock unit awards for President, Chief Executive Officer and Chairman Ryan Steelberg. They elected Steelberg and Francisco Morales as Class III directors, ratified CBIZ CPAs P.C. as the company's auditor for 2026 and approved executive compensation on an advisory basis. About Veritone, Inc. Veritone, Inc., based in Irvine, California, provides artificial intelligence computing solutions. Its proprietary aiWARE operating system uses machine-learning models and applications to extract insights from structured and unstructured data. The platform supports software products and services for commercial enterprise and public-sector customers, including talent-acquisition solutions. The company also provides managed services such as content licensing, representation and influencer management. In an audit report dated April 15, 2026, Grant Thornton LLP included a going-concern paragraph, citing debt-service obligations, negative working capital, historical negative cash flows and recurring losses. The conditions raised substantial doubt about Veritone, Inc.'s ability to continue as a going concern. As of March 31, 2026, Veritone, Inc., reported total assets of $155.2 million, total liabilities of $106.2 million and total stockholders' equity of $49 million. VIVAKOR INC: Agrees to Issue 3.74 Million Dividend Shares --------------------------------------------------------- Vivakor, Inc. agreed to issue 3,740,586 restricted common shares for Series A preferred stock dividends under a July 7 amendment, according to a Form 8-K filing. The amendment reinstates the preferred shares' 6% annual dividend for the period from April 30, 2026, through April 29, 2027. In exchange, Ballengee Holdings LLC agreed to extinguish $500,000 owed under a May 2024 promissory note. Of the dividend shares, 1,445,349 were issued to Jorgan Development LLC and JBAH Holdings LLC, entities controlled by Chief Executive Officer James Ballengee, or their assignees. The parties may adjust future issuances if the shares for the July 31 and Oct. 31, 2026, dividend periods do not equal the amounts owed. About Vivakor, Inc. Vivakor, Inc., headquartered in Dallas, operates and develops oil and gas assets, technologies and environmental solutions. Its integrated midstream platform includes crude oil transportation and logistics, terminaling and storage, and supply, marketing and trading operations. The company transports crude oil and related hydrocarbons in the DJ, STACK, Permian and Eagle Ford basins and owns pipeline and terminal infrastructure. It is also developing remediation services for hydrocarbon-contaminated soil. In an audit report dated April 15, 2026, Urish Popeck & Co., LLC included a going-concern paragraph, citing a significant working capital deficiency, significant recurring operating losses and the need to raise additional funds to meet obligations and sustain operations. The conditions raised substantial doubt about Vivakor's ability to continue as a going concern. As of March 31, 2026, Vivakor had total assets of $111.79 million, total liabilities of $78.15 million and total stockholders' equity of $33.64 million. WALNUT RIDGE: Hires Bartos Financial Services as Accountant ----------------------------------------------------------- Walnut Ridge Trucking, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of West Virginia to hire Bartos Financial Services as accountant. The firm will prepare withholding taxes and annual tax returns. The firm will charge $60 per hour for its service. Bartos Financial Services is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Peter Bartosieiwcz Bartos Financial Services 215 E Washington St Lewisburg, WV 24901 About Allen Walnut Ridge Trucking Inc. Allen Walnut Ridge Trucking, Inc. is a transportation company engaged in freight hauling and logistics services. Allen Walnut Ridge Trucking, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.W.V. Case No. 26-20084) on April 10, 2026. In its petition, the Debtor reports estimated assets of $100,001-$1,000,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge B. McKay Mignault handles the case. The Debtor is represented by Joseph W. Caldwell, Esq. of Caldwell & Riffee. WATCHTOWER FIREARMS: Hires McCathern PLLC as Special Counsel ------------------------------------------------------------ Watchtower Firearms LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire McCathern, P.L.L.C. as special counsel. The firm's services include: (a) assisting the Debtor or liquidating trustee prosecute the Adversary Claims; (b) assisting the Debtor or liquidating trustee develop any additional claims against the Podgurny Parties; (c) assisting in preparing motions and pleadings on behalf of the Debtor or liquidating trustee in the Adversary Case; (d) assisting the Debtor or liquidating trustee respond to any motions, pleadings, orders or discovery in the Adversary Case; (e) assisting the Debtor or liquidating trustee develop a litigation strategy to prosecute the Adversary Claims; (f) attending all evidentiary and non-evidentiary hearings in in the Adversary Case; (g) assisting the Debtor or liquidating trustee with scheduling and conducting matters, such as depositions, hearings, pretrial, trial, and post-trial matters in the Adversary Case; and (h) assisting the Debtor or liquidating trustee propound discovery against the Podgurny Parties, including written and oral discovery in the Adversary Case. The firm's hourly rates are: Partners $560 to $700 Associates $325 to $400 Paralegals $195 to $225 The firm received a $25,000 retainer. Justin Bryan, Esq., a partner at McCathern, PLLC, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Justin N. Bryan, Esq. McCathern, PLLC 3710 Rawlins Street, Suite 1600, Dallas, TX 75219 Tel: (214) 741-2662 About Watchtower Firearms LLC Watchtower Firearms LLC is a veteran-owned company offering a diverse range of firearms, including custom rifles, special edition rifles, and handguns. The Company serves military, law enforcement, hunting, and personal use markets. In addition to firearms, it provides suppressors, components, and specialized gear tailored to meet the needs of its customers. Watchtower Firearms LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-40684) on Feb. 27, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Judge Mark X. Mullin oversees the case. Joseph Acosta, Esq., at CONDON TOBIN, is the Debtor's counsel. Husch Blackwell LLP represents the Official Committee of Unsecured Creditors. WESTVIEW BAPTIST: Seeks to Hire Canty Legal Group as Attorney ------------------------------------------------------------- Westview Baptist Church, Inc. filed an amended application seeking approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire The Canty Legal Group as attorneys. The firm will render these services: (a) give advice to the debtor with respect to its powers and duties as a debtor in possession 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 motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the debtor in all matters pending before the court; (e) represent the debtor in negotiation with its creditors in the preparation of a plan. The firm will bill its regular hourly rate of $500 per hour, capped at $8,500. Canty Legal Group does not represent any interest adverse to the Debtor or its bankruptcy estate, according to court filings. The firm can be reached through: Jamila Z. Canty, Esq. The Canty Legal Group 1 East Broward Boulevard, Suite 700 Ft. Lauderdale, FL 33301 Tel: (954) 995-2563 Fax: (800) 311-7802 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 ASH: Hires Circle Real Estate as Real Estate Broker --------------------------------------------------------- White Ash Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to hire Jason O'Neal of Circle Real Estate as real estate broker. The broker will market and sell a residential dwelling located at 415 Springwood Dr., Carmel, IN 46032. The broker shall be compensated at 2% of the gross sales price of the Real Estate, which excludes any fee for any buyer broker. Jason O'Neil, president and founder of Circle Real Estate, 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: Jason O'Neal Circle Real Estate 30 W Main St. Carmel, IN 46032 Phone: (317) 989-0074 Email: jason@circle-re.com About White Ash Holdings LLC White Ash Holdings LLC is a holdings and investment company engaged in managing business and financial assets. White Ash Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-03248) on May 20, 2026. In its petition, the Debtor reports estimated assets of $1MM to $10MM and estimated liabilities of $1MM to $10MM. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by Eric C. Redman, Esq. of Ludwig & Associates, PC. WHITE ASH: Seeks to Hire Saeed & Little LLP as Bankruptcy Counsel ----------------------------------------------------------------- White Ash Holdings, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Indiana to hire Saeed & Little, LLP as counsel. The firm will render these services: a) give your applicant advice with respect to its duties, powers and responsibilities in this case; b) investigate and pursue any actions on behalf of the estate in order to recover assets for or best enable this estate to reorganize fairly; c) represent the Debtor in these proceedings in an effort to maximize the value of the assets available, and pursue confirmation of a successful Plan of Reorganization; and d) perform such other legal services as may be required and in the interest of the estate. The firm will be paid at these rates: Eric C. Redman, Esq. $525 per hour Stefanie Sears, Paralegal $200 per hour Eric C. Redman, Esq., a partner at Saeed & Little, LLP, 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: Eric C. Redman, Esq. Saeed & Little, LLP 8777 Purdue Road, Suite 106 Indianapolis, IN 46268 Phone: (317) 721-9214 Email: eric@slbankruptcy.com About White Ash Holdings LLC White Ash Holdings LLC is a holdings and investment company engaged in managing business and financial assets. White Ash Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-03248) on May 20, 2026. In its petition, the Debtor reports estimated assets of $1MM to $10MM and estimated liabilities of $1MM to $10MM. Honorable Bankruptcy Judge James M. Carr handles the case. The Debtor is represented by Eric C. Redman, Esq. of Ludwig & Associates, PC. WHITE WILSON: Seeks to Hire Timothy Rogers as Tax Preparer ---------------------------------------------------------- White Wilson Medical Center, PA seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Timothy Rogers as tax preparer. Mr. Rogers will prepare the Debtor's 2025 Form 1120S federal income tax return and provide related tax preparation and tax compliance services. Mr. Rogers shall receive a fixed fee of $20,000 for preparation of the Debtor's 2025 Form 1120S tax return. Mr. Rogers is a disinterested person within the meaning of 11 U.S.C. Sec. 101(14). Mr. Rogers can be reached at: Timothy Rogers 6024 Lookaway Circle Franklin, TN 37067 About White Wilson Medical Center PA White Wilson Medical Center PA is a multi-specialty medical practice headquartered in Fort Walton Beach, Florida. Founded in 1952 by Dr. Henry C. White and Dr. Joseph C. Wilson, the group provides primary care and outpatient services through more than 20 medical specialties, including cardiology, gastroenterology, neurology, pediatrics, radiology, and surgery, as well as operating an ambulatory surgery center. It is the largest private physician group on Florida's Emerald Coast, employing about 58 medical providers and over 230 staff across 12 leased clinic locations in Fort Walton Beach, Crestview, DeFuniak Springs, Destin, Navarre, and Niceville. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 25-40486) on October 3, 2025. In the petition signed by Kenneth Persaud, chief executive officer, the Debtor disclosed up to $10 million in assets and up to $50 million in liabilities. Judge Karen K. Specie oversees the case. Michael C. Markham, Esq., at Johnson, Pope, Bokor, Ruppel & Burns, LLP, is the Debtor's legal counsel. WHOLESALE PROPERTY: Hires Fusillo Law PLLC as Special Counsel ------------------------------------------------------------- Wholesale Property Depot, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Michelle Fusillo, Esq. of Fusillo Law, PLLC as special counsel. The Debtor needs the firm's legal assistance in connection with a case (Case No. 16-2025-CA-004730) filed in the U.S. District Court of the Middle District of Florida, Duval County. The firm will be paid at the rate of $300 to $400 per hour. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Ms. Fusillo 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: Michelle Fusillo, Esq. Fusillo Law, PLLC 6639 Southpoint Pkwy Ste 106 Jacksonville, FL 32216-8042 Tel: (904) 559-1800 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. WHOLESALE PROPERTY: Hires Mickler & Mickler as Bankruptcy Counsel ----------------------------------------------------------------- Wholesale Property Depot, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Law Offices of Mickler & Mickler to handle its Chapter 11 case. The firm's rates range between $300-$400 per hour. Bryan Mickler, Esq., an attorney at Law Offices of Mickler & Mickler, 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: Bryan K. Mickler, Esq. Law Offices of Mickler & Mickler, LLP 5452 Arlington Expressway Jacksonville, FL 322211 Telephone: (904) 725-0822 Facsimile: (904) 725-0855 Email: bkmickler@planlaw.com 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. WORLD FOOD: Initiates Chapter 11 Bankruptcy in Florida ------------------------------------------------------ On July 13, 2026, World Food, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the debtor reports between $500,000 and $1 million in liabilities, including a disputed claim of approximately $775,000, owed to 1 to 49 creditors. The court has set November 10, 2026, as the deadline for filing the Chapter 11 plan and disclosure statement. About World Food, LLC World Food, LLC is a Kissimmee, Florida-based perishable prepared food manufacturer. The company produces and distributes prepared food products for commercial customers. Court records do not specify the reason for the Chapter 11 filing beyond the financial information contained in the petition. World Food, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-05260) on July 13, 2026. In its petition, the debtor reported estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. Honorable Tiffany P. Geyer handles the case. The debtor is represented by David W. Steen, Esq., of David W. Steen, P.A. Z SQUARED: Extends Skycore Talks, Drops $500,000 Fee ---------------------------------------------------- Z Squared Inc. and the sellers of Skycore Digital LLC extended their acquisition discussions to Jan. 15, 2027, eliminated a $500,000 breakup fee and ended exclusivity. The parties made the changes in a July 9 amendment to their letter of intent, according to a Form 8-K filing with the Securities and Exchange Commission. The amended letter is nonbinding except for provisions covering confidentiality, governing law and dispute resolution. Any party may end discussions at any time without liability, and none is obligated to negotiate or complete the acquisition. Z Squared agreed in April to proposed terms for buying all membership interests in Skycore from MN Data Centers JV LLC and Claw Holdings LLC. The original deadline was June 30, 2026. About Z Squared Inc. Z Squared Inc., formerly known as Coeptis Therapeutics Holdings, Inc., operates digital-asset mining and computing infrastructure facilities in North Carolina, South Carolina and Iowa and is expanding into AI-ready colocation infrastructure. The company mines Dogecoin, Litecoin and other cryptocurrencies using specialized ASIC hardware, supported by in-house equipment repair, power-cost management, fleet optimization and real-time performance monitoring. Z Squared listed on the Nasdaq Global Market in April 2026. In an audit report dated March 19, 2026, Astra Audit and Advisory LLC included a going-concern paragraph, citing net losses, negative operating cash flows and working capital deficits. The conditions raised substantial doubt about Z Squared’s ability to continue as a going concern. As of March 31, 2026, Z Squared had total assets of $19.79 million, total liabilities of $2.21 million and total stockholders' equity of $17.58 million. ZIVIEA INC: Unsecured Creditors to Split $28K over 12 Months ------------------------------------------------------------ Ziviea, Inc. dba Compressionsale.com filed with the U.S. Bankruptcy Court for the Middle District of Florida a Disclosure Statement describing Plan of Reorganization dated July 6, 2026. Ziviea is an online retailer of compression stockings and garments from six-different suppliers and vendors which are utilized for medical, athletic, and other lifestyle purposes. The company was established in July 2023 and operates from a base of operations in St. Augustine, Florida from a leased premises located at: 711 Market Street, Suite 111, St. Augustine, Florida 32095. In late 2023 and continuing through 2024-2025, Ziviea was notified by major U.S. mailbox providers, including Google (Gmail) and Microsoft (Outlook/Hotmail, that new bulk sender requirements would be applied to web domains sending more than 5,000 emails per day. As Ziviea regularly sends approximately 100,000 to 120,000 marketing emails per day to prospective U.S. customers from its online domain, compressionSale.com, the company is directly impacted by these changed standards. The failure to meet or maintain these standards results in increased filtering of emails into spam or outright rejection, meaning Ziviea's marketing engagements through email exchanges would not make it to their intended recipients. Ziviea found it difficult to pivot and comply with the new bulk sender requirements resulting in reduced inbox placement and customer visibility of its marketing campaigns and a drop in email-driven revenue. Following its drop in revenue, Ziviea found it difficult to service certain debt obligations while also adjusting its marketing expenses to recapture lost market share. Rather than engaged in prolonged litigation with its various creditors, Ziviea elected to use the Chapter 11 process to restructure its balance sheet, dispute claims, assume its valuable contracts, and otherwise maximize recoveries for the benefit of its estate. There are three Classes of Secured Claims; one Class of Unsecured Claims and one Class of Equity Interests. The Plan provides the respective Holders of Allowed Administrative Claims, Allowed Priority Claims, and Allowed Priority Tax Claims, if any, will be paid in full on the Effective Date, over time as permitted by the Bankruptcy Code, or in accordance with the treatment specified herein. Class 4 consists of all Allowed General Unsecured Claims against the Debtor. In a liquidation scenario, the liquidation value of Debtor's assets will not exceed the value of Allowed Secured Claim. Thus, in a Chapter 7 liquidation scenario, Distributions to on account of Allowed General Unsecured Claims would be $0.00. In full satisfaction of the Allowed Class 4 General Unsecured Claims, Holders of Class 4 Claims shall receive a pro rata share of a $28,000.00 Distribution (the "Cash Distribution"). The Cash Distribution shall be paid (pro rata) to Holders of an Allowed Class 4 Claims over a period of 12 months commencing on the 14th day following the Effective Date. The maximum Distribution to Class 4 Claimholders shall be equal to the total amount of all Allowed 4 General Unsecured Claims. Class 4 is Impaired. Class 5 consists of all equity interests in Ziviea Inc. Class 5 Interest Holders shall retain their respective Interests in Ziviea Inc. in the same proportions such Interests were held as of the Petition Date (i.e., 100% Interest retained by Mr. Arun Reddy). Class 5 is Unimpaired. The Plan contemplates the Debtor will continue to manage its business in the ordinary course utilizing the revenue generated by continued operations to satisfy obligations under the Plan. It is anticipated the income received by the Debtor will be committed to make the Plan Payments. A full-text copy of the Disclosure Statement dated July 6, 2026 is available at https://urlcurt.com/u?l=rozVPC from PacerMonitor.com at no charge. Counsel for the Debtor: Daniel Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 E-mail: dvelasquez@lathamluna.com About Ziviea Inc. Ziviea, Inc., doing business as CompressionSale.com, operates an online retail platform that sells compression garments and related medical support products, including stockings, socks, sleeves, and braces. It distributes compression wear from various manufacturers and provides sizing guides and product information to assist customers in selecting compression products for circulation and support needs. Zivieat operates from Saint Augustine, Florida and serves customers through its e-commerce website. Ziviea filed its voluntary petition for Chapter 11 protection (Bankr. M.D. Fla. Case No. 26-00938) on March 6, 2026, listing $388,475 in assets and $6,338,107 in liabilities. Arun Reddy, chief executive officer and director, signed the petition. Judge Jacob A Brown oversees the case. Latham, Luna, Eden & Beaudine, LLP serves as the Debtor's legal counsel. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re Elite Investments Capital, LLC Bankr. S.D. Fla. Case No. 26-18530 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/ZV7H5OI/Elite_Investments_Capital_LLC__flsbke-26-18530__0001.0.pdf?mcid=tGE4TAMA represented by: David W. Langley, Esq. DAVID W. LANGLEY, Esq. E-mail: dave@flalawyer.com In re R & S Property Investment Group LLC Bankr. D. N.J. Case No. 26-17431 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/RK2GJLI/R__S_Property_Investment_Group__njbke-26-17431__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re La Tentacion Pizza & Tex Mex Grille, LLC Bankr. D. N.J. Case No. 26-17458 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/2TVP6MQ/La_Tentacion_Pizza__Tex_Mex_Grille__njbke-26-17458__0001.0.pdf?mcid=tGE4TAMA represented by: E. Richard Dressel, Esq. LEX NOVA LAW, LLC E-mail: rdressel@lexnovalaw.com In re OBT Realty LLC Bankr. E.D. Pa. Case No. 26-12756 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/ZPAGIBI/OBT_Realty_LLC__paebke-26-12756__0001.0.pdf?mcid=tGE4TAMA represented by: John Everett Cook, Esq. THE LAW OFFICES OF EVERETT COOK PC E-mail: bankruptcy@everettcooklaw.com In re FPK Synergy Park LLC Bankr. E.D. Tex. Case No. 26-42232 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/TAANK7I/FPK_Synergy_Park_LLC__txebke-26-42232__0001.0.pdf?mcid=tGE4TAMA represented by: Patrick J. Schurr, Esq. SCHEEF & STONE, LLP E-mail: patrick.schurr@solidcounsel.com In re 43 Laurel Avenue, LLC Bankr. D. N.J. Case No. 26-17417 Chapter 11 Petition filed June 28, 2026 See https://www.pacermonitor.com/view/LYZI62Q/43_Laurel_Avenue_LLC__njbke-26-17417__0001.0.pdf?mcid=tGE4TAMA represented by: Douglas Mitchell, Esq. MITCHELL LAW OFFICES PC E-mail: douglas@lawyermitchell.com In re 153 Inslee Place LLC Bankr. D. N.J. Case No. 26-17627 Chapter 11 Petition filed July 1, 2026 See https://www.pacermonitor.com/view/QALU3KA/153_Inslee_Place_LLC__njbke-26-17627__0001.0.pdf?mcid=tGE4TAMA represented by: Bruce H. Levitt, Esq. LEVITT & SLAFKES, P.C. In re Wormley Roofing, Inc. Bankr. M.D. Fla. Case No. 26-04890 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/4EJAXPQ/Wormley_Roofing_Inc__flmbke-26-04890__0001.0.pdf?mcid=tGE4TAMA represented by: Jeffrey S. Ainsworth, Esq. BRANSON AINSWORTH PLLC E-mail: jeff@bransonlaw.com In re Diesel Power Technology, Inc. Bankr. E.D. Calif. Case No. 26-13119 Chapter 11 Petition filed July 1, 2026 See https://www.pacermonitor.com/view/R33HROY/Diesel_Power_Technology_Inc__caebke-26-13119__0001.0.pdf?mcid=tGE4TAMA represented by: David C. Johnston, Esq. DAVID C. JOHNSTON E-mail: david@johnstonbusinesslaw.com In re Continuum Care LLC Bankr. E.D. Calif. Case No. 26-23809 Chapter 11 Petition filed July 1, 2026 See https://www.pacermonitor.com/view/5AV67ZA/Continuum_Care_LLC__caebke-26-23809__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Geulah LLC Bankr. E.D. Calif. Case No. 26-13118 Chapter 11 Petition filed July 1, 2026 See https://www.pacermonitor.com/view/7ZT7KWA/Geulah_LLC__caebke-26-13118__0001.0.pdf?mcid=tGE4TAMA represented by: Justin D. Harris, Esq. HARRIS LAW FIRM, PC E-mail: jdh@harrislawfirm.net In re Patrick Kevin Cawneen and Sarah Kathleen Cawneen Bankr. N.D. Ohio Case No. 26-51169 Chapter 11 Petition filed July 2, 2026 represented by: Steven Heimberger, Esq. In re Yasiel Puig Valdes Bankr. M.D. Fla. Case No. 26-01662 Chapter 11 Petition filed July 2, 2026 represented by: Ronald Cutler, Esq. In re Jose Antonio Rivera Ortiz Bankr. D. P.R. Case No. 26-03081 Chapter 11 Petition filed July 2, 2026 represented by: Jesus Enrique Batista Sanchez, Esq. In re Thomas Lee Jordan Bankr. W.D. Pa. Case No. 26-21847 Chapter 11 Petition filed July 2, 2026 represented by: Donald Calaiaro, Esq. In re David P. Wheelock Bankr. N.D. Ill. Case No. 26-11102 Chapter 11 Petition filed July 2, 2026 represented by: Paul Bach, Esq. In re Javier Saavedra and Maria Jose Saavedra Bankr. S.D. Fla. Case No. 26-18782 Chapter 11 Petition filed July 2, 2026 represented by: Diego Mendez, Esq. In re Philip S Green Bankr. S.D. Ill. Case No. 26-30585 Chapter 11 Petition filed June 30, 2026 represented by: Jerry Graham, Esq. In re Jennifer Gayle McCormick Bankr. S.D. Ill. Case No. 26-30582 Chapter 11 Petition filed June 30, 2026 represented by: Jerry Graham, Esq. In re Vladimir A. Minozevski Bankr. W.D. Tex. Case No. 26-51742 Chapter 11 Petition filed June 29, 2026 represented by: Kerry Alleyne-Simmons, Esq. In re Steven D. Chafin and Kristine N Chafin Bankr. W.D. Tex. Case No. 26-51807 Chapter 11 Petition filed July 1, 2026 represented by: Ronald Smeberg, Esq. In re Allison Belinda Burkett Bankr. M.D. Ga. Case No. 26-51110 Chapter 11 Petition filed July 1, 2026 In re Bennett Shisha Tobacco, LLC Bankr. N.D. Ga. Case No. 26-58526 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/XRUYYMQ/Bennett_Shisha_Tobacco_LLC__ganbke-26-58526__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Best Buy Bagels Inc Bankr. E.D.N.Y. Case No. 26-43248 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/KPTNY7Q/Best_Buy_Bagels_Inc__nyebke-26-43248__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Smiles Dentistry, PA Bankr. S.D. Fla. Case No. 26-18509 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/WB66DAY/Smiles_Dentistry_PA__flsbke-26-18509__0001.0.pdf?mcid=tGE4TAMA represented by: Daniel A. Velasquez, Esq. LATHAM LUNA EDEN & BEAUDINE LLP E-mail: dvelasquez@lathamluna.com In re CMS Design Group Inc. Bankr. S.D.N.Y. Case No. 26-11535 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/D6IHGEY/CMS_Design_Group_Inc__nysbke-26-11535__0001.0.pdf?mcid=tGE4TAMA represented by: Avrum J. Rosen, Esq. ROSEN, TSIONIS & PIZZO, PLLC E-mail: arosen@ajrlawny.com In re Dune Union Inc. Bankr. S.D.N.Y. Case No. 26-11558 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/EBXOD3A/Dune_Union_Inc__nysbke-26-11558__0001.0.pdf?mcid=tGE4TAMA represented by: Leonard Gillespie, Esq. HOOPER, YANG & ASSOCIATES LAW OFFICE E-mail: hooperyanglaw@gmail.com In re The Olive Leaf, LLC Bankr. S.D. Ind. Case No. 26-04245 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/IE2GI4Q/The_Olive_Leaf_LLC__insbke-26-04245__0001.0.pdf?mcid=tGE4TAMA represented by: Joseph A. Ross, Esq. JOSEPH A. ROSS, ATTORNEY AT LAW E-mail: ecf@rosslawoffice.com In re BFF Group, LLC Bankr. M.D. Fla. Case No. 26-02942 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/KHFC36A/BFF_Group_LLC__flmbke-26-02942__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re NFuze LLC Bankr. S.D. Ill. Case No. 26-30581 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/IAOQ7JI/NFuze_LLC__ilsbke-26-30581__0001.0.pdf?mcid=tGE4TAMA represented by: J D Graham, Esq. J. D. GRAHAM, PC E-mail: jd@jdgrahamlaw.com In re LHLV, LLC Bankr. E.D.N.C. Case No. 26-02933 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/JM6JW4I/LHLV_LLC__ncebke-26-02933__0001.0.pdf?mcid=tGE4TAMA represented by: George Mason Oliver, Esq. THE LAW OFFICES OF GEORGE OLIVER, PLLC In re New England Investment Holding Corp. Bankr. D. Mass. Case No. 26-30429 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/76MTFMI/New_England_Investment_Holding__mabke-26-30429__0001.0.pdf?mcid=tGE4TAMA represented by: Louis S. Robin, Esq. LAW OFFICES OF LOUIS S. ROBIN E-mail: louis.robin@prodigy.net In re Precious Hearts Child Center LLC Bankr. N.D.N.Y. Case No. 26-10716 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/6GXT76Q/Precious_Hearts_Child_Center_LLC__nynbke-26-10716__0001.0.pdf?mcid=tGE4TAMA represented by: Michael Boyle, Esq. BOYLE LEGAL LLC E-mail: mike@boylebankruptcy.com In re JXC Enterprises LLC Bankr. N.D. Ga. Case No. 26-58422 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/OGRSLYI/JXC_Enterprises_LLC__ganbke-26-58422__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Rapid Repair Pro LLC Bankr. S.D. Ill. Case No. 26-30584 Chapter 11 Petition filed June 30, 2026 See https://www.pacermonitor.com/view/OQ2ZINA/Rapid_Repair_Pro_LLC__ilsbke-26-30584__0001.0.pdf?mcid=tGE4TAMA represented by: J D Graham, Esq. J. D. GRAHAM, PC E-mail: jd@jdgrahamlaw.com In re World of Discovery, Inc. Bankr. D. Vt. Case No. 26-10154 Chapter 11 Petition filed June 23, 2026 See https://www.pacermonitor.com/view/62X2UWY/World_of_Discovery_Inc__vtbke-26-10154__0001.0.pdf?mcid=tGE4TAMA represented by: Todd Taylor, Esq. LAW OFFICES OF TODD TAYLOR, PC E-mail: todd@toddtaylorlawoffices.com In re Adamovsky Real Estate, LLC Bankr. W.D. Pa. Case No. 26-70267 Chapter 11 Petition filed June 23, 2026 See https://www.pacermonitor.com/view/U25SIQA/Adamovsky_Real_Estate_LLC__pawbke-26-70267__0001.0.pdf?mcid=tGE4TAMA represented by: Brian C. Thompson, Esq. THOMPSON LAW GROUP, P.C. E-mail: bthompson@thompsonattorney.com In re 1221 Boyle St. PA, LLC Bankr. W.D. Pa. Case No. 26-21846 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/QSBVORA/1221_Boyle_St_PA_LLC__pawbke-26-21846__0001.0.pdf?mcid=tGE4TAMA represented by: Rodney D. Shepherd, Esq. LAW OFFICES OF RODNEY SHEPHERD E-mail: rodsheph@cs.com In re LRG Builder Services, Inc. Bankr. E.D. Calif. Case No. 26-12993 Chapter 11 Petition filed June 29, 2026 See https://www.pacermonitor.com/view/FGEQFKY/LRG_Builder_Services_Inc__caebke-26-12993__0001.0.pdf?mcid=tGE4TAMA represented by: David C. Johnston, Esq. DAVID C. JOHNSTON E-mail: david@johnstonbusinesslaw.com In re C & B Rhee, LLC Bankr. M.D.N.C. Case No. 26-10496 Chapter 11 Petition filed June 26, 2026 See https://www.pacermonitor.com/view/PFCB75A/C__B_Rhee_LLC__ncmbke-26-10496__0001.0.pdf?mcid=tGE4TAMA represented by: Dirk W. Siegmund, Esq. IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH & MCDONOUGH, LLP In re Augie's Italian Restaurant Corp. Bankr. S.D.N.Y. Case No. 26-22666 Chapter 11 Petition filed July 5, 2026 See https://www.pacermonitor.com/view/G3MAL3A/Augies_Italian_Restaurant_Corp__nysbke-26-22666__0001.0.pdf?mcid=tGE4TAMA represented by: H Bruce Bronson, Esq. BRONSON LAW OFFICES PC E-mail: hbbronson@bronsonlaw.net In re IVS Comm, Inc. Bankr. E.D. Mich. Case No. 26-47549 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/TUSZEEQ/IVS_Comm_Inc__miebke-26-47549__0001.0.pdf?mcid=tGE4TAMA represented by: Donald C. Darnell, Esq. DONALD C. DARNELL E-mail: dondarnell@darnell-law.com In re First Step USA Inc Bankr. N.D. Ill. Case No. 26-11092 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/CBNDZQY/First_Step_USA_Inc__ilnbke-26-11092__0001.0.pdf?mcid=tGE4TAMA represented by: David P. Leibowitz, Esq. LAW OFFICES OF DAVID P. LEIBOWITZ (AKA LAKELAW) E-mail: dleibowitz@lakelaw.com In re His Way Sign Service and Install, LLC Bankr. M.D.N.C. Case No. 26-10526 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/OULK7TQ/His_Way_Sign_Service_and_Install__ncmbke-26-10526__0001.0.pdf?mcid=tGE4TAMA represented by: Samantha K. Brumbaugh, Esq. IVEY, MCCLELLAN, SIEGMUND, BRUMBAUGH & MCDONOUGH, LLP E-mail: skb@iveymcclellan.com In re Rum Sugar Lime, LLC Bankr. D. Nev. Case No. 26-50674 Chapter 11 Petition filed July 2, 2026 See https://www.pacermonitor.com/view/OK4XFLY/RUM_SUGAR_LIME_LLC__nvbke-26-50674__0001.0.pdf?mcid=tGE4TAMA represented by: Kevin A. Darby, Esq. DARBY LAW PRACTICE, LTD E-mail: kevin@darbylawpractice.com In re Vitti Properties Corp. Bankr. E.D.N.Y. Case No. 26-43254 Chapter 11 Petition filed July 4, 2026 See https://www.pacermonitor.com/view/IF3K2CY/Vitti_Properties_Corp__nyebke-26-43254__0001.0.pdf?mcid=tGE4TAMA represented by: Douglas Pick, Esq. PICK & ZABICKI LLP E-mail: dpick@picklaw.net In re Walter Culkin Bankr. D. N.J. Case No. 26-17720 Chapter 11 Petition filed July 5, 2026 represented by: Geoffrey Neumann, Esq. BROEGE, NEUMANN, FISCHER & SHAVER, LLC In re Elease Daycare, LLC Bankr. N.D. Iowa Case No. 26-00640 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/UWJ7LII/Elease_Daycare_LLC__ianbke-26-00640__0001.0.pdf?mcid=tGE4TAMA represented by: Dustin Baker, Esq. HENKELS & BAKER, PC E-mail: dustin@henkelsbaker.com In re Benedetto A. Naples, II Bankr. N.D. Ohio Case No. 26-51177 Chapter 11 Petition filed July 6, 2026 represented by: Steven Heimberger, Esq. In re Velan Hospitality Inc. Bankr. E.D. Tex. Case No. 26-42309 Chapter 11 Petition filed July 6, 2026 See https://www.pacermonitor.com/view/366S2WA/Velan_Hospitality_Inc__txebke-26-42309__0001.0.pdf?mcid=tGE4TAMA represented by: Manolo Santiago, Esq. TITTLE SANTIAGO, PLLC E-mail: msantiago@tittlelawpllc.com In re Parker and Parker Real Estate LLC Bankr. N.D. Tex. Case No. 26-33047 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/TTEJM3Y/Parker_and_Parker_Real_Estate__txnbke-26-33047__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re J. Mulberry, LLC Bankr. S.D. Ga. Case No. 26-40674 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/7M6HVAQ/J_Mulberry_LLC__gasbke-26-40674__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Harmony Phase 3 2023 LLC Bankr. S.D. Fla. Case No. 26-18880 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/GDEWE5Y/Harmony_Phase_3_2023_LLC__flsbke-26-18880__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re D & B Christopher St Corp. Bankr. S.D.N.Y. Case No. 26-11577 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/N4YI53Q/D__B_Christopher_St_Corp__nysbke-26-11577__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re F & C, LLC Bankr. N.D. Ga. Case No. 26-58820 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/NSX4QDI/F__C_LLC__ganbke-26-58820__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Aval Investment, LLC Bankr. N.D. Tex. Case No. 26-33060 Chapter 11 Petition filed July 7, 2026 See https://www.pacermonitor.com/view/WFBTEDA/Aval_Investment_LLC__txnbke-26-33060__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se ********* 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. 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