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260811.mbx T R O U B L E D C O M P A N Y R E P O R T E R Tuesday, August 11, 2026, Vol. 30, No. 223 Headlines 174 NORTH 8TH: Voluntary Chapter 11 Case Summary 22ND CENTURY: Approves Reverse Split, Up to $30M Future Offerings 4024 JEFFERSON: Nat Wasserstein Named Subchapter V Trustee 5500 RED OAK: Commences Chapter 11 Bankruptcy in California 75 SECONDS AVENUE: Seeks to Hire Northgate Real Estate as Broker 801 RESTAURANT: Seeks to Extend Plan Exclusivity to Oct. 8 A & A BODY WORKS: Court Extends Cash Collateral Access to Sept. 2 A2Z FIELD: Claims to be Paid from Asset Sale Proceeds ADMI CORP: Moody's Lowers CFR to Caa1 & Alters Outlook to Stable ALL-CITY TOWING: Seeks to Extend Plan Exclusivity to Sept. 25 ALLCLEAR: Ares Capital Marks $500,000 1L Loan at 60% Off AMERICAN ACHIEVEMENT: New Mountain Marks $29.8MM Loan 46% Off AMERICAN EFFICIENT: PJM Interconnection Objects to Chapter 11 Loan AMERICAN SIGNATURE: Plan Exclusivity Period Extended to Oct. 19 ANGEL NAILS: Hires Michael D. O'Brien and Associates as Counsel ANGEL NAILS: Section 341(a) Meeting of Creditors on August 27 ARCHBISHOP OF BALTIMORE: Amends Unsecured Claims Pay ATLANTIC POOL: Brian Hofmeister Named Subchapter V Trustee AUTISM CENTERS: Gets Interim OK to Use Cash Collateral BALKAN EXPRESS: Includes Huntington & M&T Secured Claims Pay BALROG ACQUISITION: Ares Capital Marks $29.5MM 2L Loan at 23% Off BALROG ACQUISITION: Ares Capital Marks $3.6MM 1L Loan at 25% Off BEAZER HOMES: S&P Places 'B-' ICR on CreditWatch Positive BELLA MENTAL: Andrew Layden Named Subchapter V Trustee BITCOIN DEPOT: Amends Term Loan & Financing Agreement Claims Pay BLOOMIN' CRAZY: Hires The Law Offices of George Oliver as Counsel BLOOMIN' CRAZY: Taps The Law Offices of George Oliver as Counsel BRAYMAN PRECAST: Case Summary & 20 Largest Unsecured Creditors BRIGHT AUTO: To Sell Rincon Property to Ariana Properties CAMPUS WALK: Court OKs Deal on Cash Collateral Access CARRIAGE SQUARE: Seeks Subchapter V Bankruptcy in Tennessee CARVANA CO: Fitch Assigns 'BB-' LongTerm IDR, Outlook Stable CENTERPOINT ENERGY: Fitch Rates Jr. Sub. Notes Due 2058 'BB+' CHANGE AGENTS: Issues 1.55 Million Shares for Consulting Services CHARLES & COLVARD: Court Extends Cash Collateral Access to Sept. 2 CHEFS' WAREHOUSE: Moody's Ups CFR to 'Ba3', Outlook Stable CLASSIC GARAGE: Seeks Subchapter V Bankruptcy in Florida CLEAR CHANNEL: Posts Q2 Net Loss of $5MM, Revenue Rises to $438MM CLOUDERA INC: New Mountain Finance Marks $13.9MM 1L Loan 22% Off COFIX-RX LLC: Seeks to Hire Accurso & Associates as Accountants COLUMBIA POST: Seeks Chapter 11 Bankruptcy in Pennsylvania CONVEY HEALTH: Ares Capital Marks $1.9MM 1L Loan at 21% Off CONVEY HEALTH: New Mountain Marks $13.06MM 1L Loan 87% Off CONVEY HEALTH: New Mountain Marks $2.1MM 1L Loan 87% Off CRAFTEDWILD INC: Seeks Approval to Hire Bach Law as Legal Counsel DB ASSETS: Seeks to Tap Rountree Leitman Klein & Geer as Counsel DESIGN MOVES: Seeks Cash Collateral Access DIGGERS EXCAVATION: Gets OK to Use Cash Collateral Until Aug. 31 DIOCESE OF BURLINGTON: Creditors Sue Vermont Catholic Parishes DIOCESE OF BURLINGTON: Survivors Panel Wins Right to Sue in Ch. 11 DNA ELECTRICAL: Gets Extension to Access Cash Collateral DOC'S DIVINE: Gets Interim OK to Use Cash Collateral Until Sept. 1 DREAM FINDERS: S&P Places 'BB-' ICR on CreditWatch Negative DURAND HEALING: Seeks Subchapter V Bankruptcy in Arizona ECHOSTAR CORP: Moody's Appends 'LD' Designation to PDR ECLUDE INC: Seeks to Hire Bradford Cox & Madhavani as Accountant ECTOR COUNTY HOSPITAL: Moody's Assigns 'Ba2' Issuer Rating EVENTIDE CREDIT: Trustee Seeks to Tap David French as Accountant FALLS OF PARRAMATTA: Gets Interim OK to Use Cash Collateral FALLS OF PARRAMATTA: Hearing Today on Bid to Appoint Ch.11 Trustee FIRST BRANDS: Exchange Final Arguments with Ch. 11 Plan Objectors FLEUR DE LIS: Updates Louisiana Works Priority Claim Pay FORTUNA STONEWORKS: Seeks to Hire Bull Realty as Estate Broker FREEDOM FOREVER: Judge Plans to OK Ch. 11 to Ch. 7 Conversion GAINWELL HOLDING: S&P Places (P) 'B-' Debt Rating on Watch Pos. GENESIS HEALTH: Amends Unsecured Claims Pay Details GENETCO INC: Claims to be Paid from Asset Sale Proceeds GLACIER CAR: Claims to be Paid from Continued Operations GLASS MANAGEMENT: Court Extends Cash Collateral Access to Aug. 31 GLENS FALLS: Seeks Approval to Hire Kerr deVoe as Closing Attorney GREATBATCH LTD: Moody's Puts 'Ba3' CFR on Review for Downgrade HAWAII BREWERY: To Sell Keaau Property to Ke'aloha'lani for $1.9MM HOT DESERT: Seeks to Hire Ure Law Firm as Bankruptcy Counsel HOUGHTON MIFFLIN: New Mountain Marks $14.2MM 1L 21% Off HS PURCHASER: New Mountain Marks $24.8MM 2L Loan 38% Off HS PURCHASER: New Mountain Marks $4.6MM 2L Loan 38% Off HTCI CO: Seeks to Hire Thomsen Law Group as Bankruptcy Counsel HUGHES SATELLITE: Creditors Want $1.5B Echostar Transfers Probed HUGHES SATELLITE: Gets Interim OK to Use Cash Collateral HUGHES SATELLITE: Seeks to Hire Epiq as Claims and Noticing Agent INSPIRED HEALTHCARE: Pinnacle Bank Seeks Interest, Fees in Ch. 11 INTERAQT CORPORATION: Unsecureds Will Get 7.95% over 3 Years J&J VENTURES: New Add-on Term Loan No Impact on Moody's 'B2' CFR JELD-WEN HOLDING: Mason Capital Discloses 5.5% Stake JMAY REALTY: Unsecureds to be Paid in Full over 60 Months JOHNSON GROUP: Seeks Chapter 11 Bankruptcy in Kentucky KASAI HOLDINGS: Trustee Seeks to Sell Resto Equipment at Auction KATIE EDSON: Seeks Subchapter V Bankruptcy in Virginia KATIE EDSON: Seeks to Tap Magee Goldstein Lasky & Sayers as Counsel KELLERMEYER BERGENSONS: Ares Capital Marks $15M 1L Loan at 72% Off KELLERMEYER BERGENSONS: Ares Capital Marks $16M 1L Loan at 95% Off KNOWBE4 INC: New Mountain Finance Marks $7.1MM Loan 21% Off KULA GRAIN: Seeks Approval to Hire Saltzman as Valuation Expert KYLE PLUMBING: Seeks to Hire Zeichman Law as Bankruptcy Counsel LABORATORIES BIDCO: Ares Capital Marks $15.4MM 1L Loan at 23% Off LAKE COUNTY: Seeks to Hire Naheed A. Amdani as Special Counsel LEESTMA MANAGEMENT: Seeks to Extend Plan Exclusivity to Dec. 31 LEISURE INVESTMENTS: Delaware Court Denies Motion to Dismiss Ch. 11 LITHOTYPE COMPANY: Court Extends Cash Collateral Access to Sept. 11 LOCK 27 BREWING: Plan Confirmation Hearing Scheduled for Sept. 29 LOGRHYTHM INC: New Mountain Marks $4.2MM 1L Loan at 16% Off M6 ETX HOLDINGS II: Moody's Puts 'B1' CFR Under Review for Upgrade MANNA PRO: Ares Capital Marks $1.1MM 1L Loan at 27% Off MARS FASHION: Seeks to Use Cash Collateral METALWORKING LUBRICANTS: Seeks to Tap Lex Novus as Special Counsel MONTANA TUNNELS: Taps Patten Peterman Bekkedahl & Green as Counsel MP ELKO: Gets Final OK to Use Cash Collateral MULBERRY GROUP: Seeks to Hire Stallings-Ribar as Tax Consultant MULBERRYS MOBILE: Hires Latham Luna Eden & Beaudine as Counsel MY SIZE: Secures Up to $10M Equity Line from Square Gate Capital NEO ZONE: Unsecureds to Recover Between 25% to 35% in Plan NICK'S PIZZA: Court Extends Cash Collateral Access to Sept. 18 NLC PRODUCTS: Gets Interim OK to Use Cash Collateral NOR CAL DESIGN: Gina Klump Named Subchapter V Trustee NUWELLIS INC: Lind Global Holds 6.2% Equity Stake OHA PAPI: Seeks to Hire Turbo Financial as Financial Advisor OHA PAPI: Taps Carrington Coleman Sloman & Blumenthal as Counsel OMEGA INVESTIGATION: Unsecureds to Recover 1.5% over 60 Months OMNIS PLEASANTS: Hires Stretto as Claims and Noticing Agent OTG CONCESSIONS: Ares Capital Marks $9.7MM 2L Loan at 25% Off PACIFIC PRAIRIE: Files Amendment to Disclosure Statement PARKVILLE FOOD: Seeks Approval to Hire Maltz Auctions as Appraiser PLANVIEW PARENT: New Mountain Marks $9.2MM 2L Loan 26% Off PLATINUM PINES: Dawn Maguire Named Subchapter V Trustee PLATINUM RECRUITING: Gets OK to Use Cash Collateral Until Aug. 28 PLH HOMES: Seeks to Hire JLW Tax and Bookkeeping as Accountant PRO RACKING: Gets OK to Use Cash Collateral PROVIDENTIAL LENDING: Seeks to Hire Gentry Real Estate as Broker PROVIDENTIAL LENDING: To Sell Phoenix Property to M. & R. Tokmechin PURDY BOYS: Hires Marshall & Stevens as Restructuring Advisor PURDY BOYS: Seeks Approval to Hire Conroy Baran as Legal Counsel QTP II INC: Gets Interim OK to Use Cash Collateral Until Sept. 15 QUOTEMEDIA INC: Harland Group Boosts Stake to 11.1% REMEDIUM PHARMACY: Hires Davidoff Hutcher & Citron as Co-Counsel REMEDIUM PHARMACY: Hires Manning Gross + Massenburg as Co-Counsel REMEDIUM PHARMACY: Seeks to Tap CBIZ Forensic as Financial Advisor REPUBLIC NATIONAL: Seeks to Hire Omni as Claims and Noticing Agent RESTORATION DOCTOR: Seeks to Extend Plan Exclusivity to Dec. 18 RIDGEVIEW REALTOR: Seeks to Tap Rubin as General Bankruptcy Counsel RLG HOLDINGS: New Mountain Finance Marks $18.5MM 1L 42% Off RLG HOLDINGS: New Mountain Marks $10.7MM 2L at 72% Off RLG HOLDINGS: New Mountain Marks $4.1MM 1L Loan 42% Off ROBERTSHAW PARENT: S&P Cuts ICR to 'SD' on Amended Credit Agreement SALAD AND GO: Salad Chain Seeks Chapter 11 Drive-Thru Lease Sale SECURETECH INNOVATIONS: Dismisses Gary Cheng CPA, Hires Marcum Asia SHINING WAY: Unsecureds Will Get 5% via Quarterly Payments SILICON VALLEY: KPMG Hit w/ Broader Investor Suit SILVER GULCH: Gets Interim OK to Use Cash Collateral SIMAD HOLDINGS: FitzWalter Wins Bid for Mohawk Day Camp in Ch. 11 SKYWORKS SOLUTIONS: Moody's Rates New Senior Unsecured Notes 'Ba1' SMARTHANDS COMPANY: Cash Collateral Hearing Set for Aug. 12 SME DUBLIN: Seeks to Extend Plan Exclusivity to Nov. 27 SOARING EAGLES: Gets OK to Hire Orten Cavanagh as Special Counsel SONICWALL HOLDINGS: Moody's Alters Outlook on 'Caa2' CFR to Stable SOUTHERN CHICKEN-PEACHTREE: Hires Terminus Commercial as Broker SOUTHERN CHICKEN-WOODSTOCK: Hires Terminus Commercial as Broker SPINNAKER VERO: Gets Extension to Access Cash Collateral STORJ LABS: Court OKs Interim DIP Loan, Cash Collateral Access STORJ LABS: Gets OK to Tap Spilman Thomas & Battle as Legal Counsel SYMPLR SOFTWARE: Ares Capital Marks $28.3MM 1L Loan at 35% Off SYMPLR SOFTWARE: Ares Capital Marks $56.2MM 2L Loan at 30% Off SYMPLR SOFTWARE: Ares Capital Marks $800,000 1L Loan at 38% Off SYSTEM1 INC: Q2 Net Loss Narrows to $15.3M; Warns of Cash Crunch TEASDALE FOODS: Ares Capital Marks $83.2MM 1L Loan at 25% Off TIME OUT PROPERTIES: Accountant to Get $41,388 in Fees TMK HAWK: New Mountain Marks $27.4MM 1L Undrawn at 35% Off TRILLION ENERGY: Changes Name to Dune Oil Corp., Ticker DUNE TRINITY COVE: Case Summary & One Unsecured Creditor TRIO BIDCO: Moody's Affirms 'B3' CFR & Alters Outlook to Positive TRM NRE: Unsecured Creditors "Unimpaired" in Joint Plan VI-JON LLC: Gets OK to Hire Omni as Claims and Noticing Agent VIB TRANS: Fine-Tunes Plan Documents VICTORINA LLC: Taps Rusing Lopez Lizardi & Saffer as Legal Counsel VITAL YOU: Seeks to Hire McNamee Hosea as Bankruptcy Counsel W. GATES REAL: Court Extends Cash Collateral Access to Sept. 14 WR GRACE: Fitch Alters Outlook on 'B' Long-Term IDR to Negative ZD SAND: Unsecured Creditors Will Get 100% of Claims in Plan [] Total U.S. Bankruptcy Filings Up 10% in July 2026 ********* 174 NORTH 8TH: Voluntary Chapter 11 Case Summary ------------------------------------------------ Debtor: 174 North 8th Street LLC 174 North 8th Street Brooklyn NY 11211 Business Description: 174 North 8th Street LLC is a single-asset real estate company (as defined in 11 U.S.C. Section 101(51B)). Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43715 Judge: Hon. Elizabeth S Stong Debtor's Counsel: Vincent M. Lentini, Esq. 1129 Northern Blvd Ste 404 Manhasset NY 11030 Tel: 516-228-3214 Email: VincentMLentini@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Joachim Rybkiewicz as managing member. 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/4DNGMBI/174_North_8th_Street_LLC__nyebke-26-43715__0001.0.pdf?mcid=tGE4TAMA 22ND CENTURY: Approves Reverse Split, Up to $30M Future Offerings ----------------------------------------------------------------- 22nd Century Group, Inc. held its 2026 Special Meeting of Stockholders on Aug. 5, 2026. The matters voted upon and the results of the votes were as follows: Proposal One: To approve an amendment to the Company's Articles of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding common stock at a ratio between 1-for-2 and 1-for-200, to be determined at the discretion of the Board of Directors, for the purpose of complying with the Nasdaq Listing Rules, subject to the Board of Directors' discretion to abandon such amendment. In accordance with the voting results, the proposal was approved. For: 88,260 Against: 31,224 Abstain: 174 Broker non-votes: N/A Proposal Two: To approve the issuance of 3,019,586 inducement warrants issued in June 2026 and the shares issuable upon exercise of the inducement warrants in accordance with Nasdaq Listing Rules. In accordance with the voting results, the proposal was approved. For: 62,041 Against: 12,518 Abstain: 156 Broker non-votes: 44,953 Proposal Three: To approve a potential future offering of up to $20 million of a new class of convertible preferred stock and accompanying warrants in accordance with Nasdaq Listing Rules. In accordance with the voting results, the proposal was approved. For: 57,090 Against: 17,509 Abstain: 116 Broker non-votes: 44,953 Proposal Four: To approve a potential future offering of up to $10 million of common stock and accompanying warrants in accordance with Nasdaq Listing Rules. In accordance with the voting results, the proposal was approved. For: 60,410 Against: 14,158 Abstain: 147 Broker non-votes: 44,953 Proposal Five: To approve the adjournment of the Special Meeting, if necessary or advisable, to solicit additional proxies in favor of Proposals 1, 2, 3, or 4. In accordance with the voting results, the proposal was approved. For: 90,291 Against: 28,954 Abstain: 413 Broker non-votes: N/A About 22nd Century Group Mocksville, N.C.-based 22nd Century Group, Inc. is a tobacco products company specializing in the sales and distribution of its proprietary reduced nicotine tobacco products, which have been authorized as Modified Risk Tobacco Products by the FDA. The company also provides contract manufacturing services for conventional combustible tobacco products for third-party brands. Buffalo, New York-based WithumSmith+Brown, PC, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has incurred significant losses and negative cash flows from operations since inception and expects to incur additional losses until such time that it can generate significant revenue and profit in its tobacco business. This raises substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $30.3 million in total assets, $9.1 million in total liabilities, and $21.2 million in total stockholders' equity. 4024 JEFFERSON: Nat Wasserstein Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Region 2 appointed Nat Wasserstein, Esq., at Lindenwood Associates, LLC as Subchapter V trustee for 4024 Jefferson Holdings LLC. Mr. Wasserstein will be paid an hourly fee of $530 for his services as Subchapter V trustee and will be reimbursed for work related expenses incurred. Mr. Wasserstein declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Nat Wasserstein, Esq. Lindenwood Associates, LLC 328 North Broadway, 2nd Floor Upper Nyack, New York 10960 Telephone: (845) 398-9825 Facsimile: (212) 208-4436 Email: nat@lindenwoodassociates.com About 4024 Jefferson Holdings LLC 4024 Jefferson Holdings LLC is a Monsey, New York-based single-asset real estate company that owns and manages a residential property in Hollywood, Florida. It operates as a lessor of residential buildings and dwellings. Its primary property is a five-bedroom residence that was valued at approximately $956,442 in August 2024. 4024 Jefferson Holdings sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-22740) on July 28, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $500,000 to $1 million. Honorable Bankruptcy Judge Sean H. Lane handles the case. 5500 RED OAK: Commences Chapter 11 Bankruptcy in California ----------------------------------------------------------- On July 28, 2026, 5500 Red Oak Drive ZAV Next One LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Central District of California. According to court filings, the Debtor reports between $1 million and $10 million in assets and between $1 million and $10 million in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) meeting to be held on 8/24/2026 at 10:30 AM at UST-LA2, TELEPHONIC MEETING. CONFERENCE LINE:1-888-330-1716, PARTICIPANT CODE:8009991. About 5500 Red Oak Drive ZAV Next One LLC 5500 Red Oak Drive ZAV Next One LLC is a Los Angeles, California-based real estate holding and residential leasing company. Its operations are focused on managing a luxury residential property at 5500 Red Oak Drive in Los Angeles. 5500 Red Oak Drive ZAV Next One LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-17507) on July 28, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $1 million to $10 million. The filing was made to halt a foreclosure sale scheduled for July 29, 2026, involving a loan secured by the property in April 2025. The residence was acquired in August 2020 for approximately $3 million. The presiding bankruptcy judge was not identified in the provided information. The Debtor is represented by Michael Jay Berger, Esq. 75 SECONDS AVENUE: Seeks to Hire Northgate Real Estate as Broker ---------------------------------------------------------------- 75 Seconds Avenue LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Northgate Real Estate, LLC as real estate broker. The firm will provide these services: (a) market and sell, arrange refinancing for, or otherwise dispose of the property on such terms as are acceptable to the Debtor; (b) negotiate the business terms of each purchase and sale agreement on behalf of the Debtor, subject to its review and approval; and (c) will cooperate with other licensed real estate brokers representing purchasers subject to the terms of the Retention Agreement. The firm will receive a commission of 6 percent of the gross purchase price of the property. Greg Corbin, a real estate agent at Northgate Real Estate, 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: Greg Corbin Northgate Real Estate, LLC 4770 National Rd. E Richmond, IN 47374 About 75 Second Avenue LLC 75 Second Avenue LLC is a single-asset real estate company under the definition provided in 11 U.S.C. Section 101(51B). 75 Second Avenue LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10726) on April 1, 2026, listing up to $50,000 in assets and $1,000,001 to $10 million in liabilities. The petition was signed by Sassan Sassouni as authorized representative of the Debtor. Judge Michael E. Wiles presides over the case. Julio E. Portilla, Esq., at Law Office Julio E. Portilla, PC serves as the Debtor's counsel. 801 RESTAURANT: Seeks to Extend Plan Exclusivity to Oct. 8 ---------------------------------------------------------- 801 Restaurant Group, LLC asked the U.S. Bankruptcy Court for the District of Kansas to extend its exclusivity period to file a plan of reorganization to Oct. 8, 2026. This case has been on file for just under four months, and this is the first request for extension of the Debtor's exclusive periods to file and obtain approval of its Plan. The Debtor explains that it requires additional time to review all claims filed, attempt to resolve any disagreements with its creditors, and potentially to file additional objections to other filed claims. The Debtor continues its efforts with the Small Business Administration regarding the Plan treatment of significant EIDL loans the Debtor has guaranteed, most of which are to be paid by the subsidiary borrowers continuing to operate successfully but two of which are no longer contingent because of the subsidiaries closing and discontinuing business operations. The Debtor claims that the filing of a significant unsecured claim by an insider and the adversary action filed by the Debtor objecting to the claim may also take additional time to determine appropriate plan treatment. The potential unsecured claims relating to the two new restaurants that had been scheduled will also be significantly impacted by events expected to take place within the next 60 days. The Debtor asserts that despite the relatively few creditors and the cooperation of the secured creditors and most unsecured creditors, the status of and treatment of the EIDL loans, the time needed to prepare the Debtor's 2024 income tax, and the status of the unsecured claim recently filed by an insider now the subject of an adversary action add complexity to this case that affect the preparation of and timing of a Plan. 801 Restaurant Group, LLC is represented by: Frank Wendt, Esq. Brown & Ruprecht, P.C. 2323 Grand Blvd., Suite 1100 Kansas City, MO 64108 Telephone: (816) 292-7000 Facsimile: (816) 292-7050 E-mail: fwendt@brlawkc.com About 801 Restaurant Group 801 Restaurant Group, LLC, based in Overland Park, Kansas, is a privately held restaurant operator founded in 1993 that develops and manages dining concepts including steakhouses and seafood restaurants. The company operates restaurant brands including 801 Chophouse, 801 Fish, and Pig & Finch, serving individual and corporate customers across the Midwest and other U.S. markets. 801 Restaurant Group, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Kan. Case No. 26-20549) on April 10, 2026, listing $10 million to $50 million in both assets and liabilities. The petition was signed by James P. Lynch, III as manager. Judge Robert D. Berger presides over the case. The Debtor tapped Frank Wendt, Esq., at Brown & Ruprecht, PC, as bankruptcy counsel and Jennifer J. Johnson, Esq., at Fagan & Emert LLC as special counsel. A & A BODY WORKS: Court Extends Cash Collateral Access to Sept. 2 ----------------------------------------------------------------- A & A Body Works On Grand, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The court entered a sixth interim order authorizing the Debtor to use cash collateral through September 2 in accordance with its budget, with up to a 10% variance. The Debtor projects total operational expenses of $181,118.69 for August. As adequate protection, lien claimants including ECapital Loan Fund III, LP and the Illinois Department of Revenue will receive replacement liens on the Debtor's post-petition assets with the same priority as their pre-petition liens. ECapital will also receive a $5,000 payment by August 15. Additional safeguards include inspection rights, mandatory insurance coverage, and maintenance of collateral. A continued hearing is scheduled for September 1. The order is available at https://shorturl.at/cXq46 About A & A Body Works On Grand Inc. A & A Body Works On Grand, Inc. provides automotive body repair and collision repair services, including bumper repair and replacement, windshield and window replacement, dent and scratch repair, mirror replacement, frame straightening, suspension repairs, mechanical repairs, and automotive painting with paint matching. It operates auto body repair facilities in the Chicago metropolitan area, serving vehicle owners requiring collision, structural, and cosmetic vehicle repairs. A & A Body Works On Grand sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-03824) on March 3, 2026, with $1 million to $10 million in both assets and liabilities. Angelo Resendez Jr., president, signed the petition. Judge Deborah L. Thorne oversees the case. The Debtor is represented by Gregory K. Stern, Esq., at Gregory K. Stern, P.C. A2Z FIELD: Claims to be Paid from Asset Sale Proceeds ----------------------------------------------------- A2Z Field Services, LLC filed with the U.S. Bankruptcy Court for the Southern District of Ohio a Plan of Liquidation dated July 30, 2026. A2Z Field Services, LLC is an Ohio limited liability company formed in 2001, originally operating as A2Z Mobile Home Services, LLC before changing its name in 2007. Until late June 2026, the company provided mortgage field services, including property inspections, preservation services, maintenance coordination, vendor management, quality control, reporting, and client support. In October 2025, A2Z's members, Ms. Sparks, William McMullen, and Sandra McMullen, entered into a transaction with Black Dome Services, LLC, which acquired 100% of their membership interests. After the transaction, disputes developed regarding ownership, authority, operational control, financing decisions, and the parties' financial conduct. The company's debts include approximately $1.1 million in merchant cash advance (MCA) and other financing obligations owed to various funding entities, primarily tied to receivables, bank deposits, or future revenue. It also had approximately $183,314 in ordinary trade obligations to vendors and service providers, which were current as of the bankruptcy petition date. Under the proposed plan, general unsecured creditors (Class 3) have approximately $775,000 in allowed claims and will receive a pro rata share of available net plan proceeds. Class 3 is impaired and eligible to vote on the plan. Equity holders (Class 4) will retain their interests but will not receive distributions unless all allowed claims are paid in full. A2Z has stopped operating. After the effective date of the plan, the company will focus on collecting outstanding accounts receivable, selling remaining assets, primarily its proprietary Compass 360 Enterprise Software, Field Compass Mobile Application, and related intellectual property, and potentially pursuing retained legal claims. Plan payments will be funded mainly through existing company funds, collected receivables, asset sale proceeds, and any recoveries from retained actions. After the Effective Date, the Debtor will continue its practice of electing officers, directors, and trustees in accordance with the provisions of Ohio's Limited Liability Company Act, R.C. § 1706.01, et seq. All officers and directors will serve in accordance with applicable non-bankruptcy law. In particular, Ms. Sparks will continue to serve as the President and CEO of the Debtor, and will be paid at the rate of $50 per hour not to exceed $5,000 for any one month. A full-text copy of the Plan of Liquidation dated July 30, 2026 is available at https://urlcurt.com/u?l=Blhj0X from PacerMonitor.com at no charge. Counsel for the Debtor: Thomas R. Allen, Esq. Richard K. Stovall, Esq. James A. Coutinho, Esq. Andrew D. Rebholz, Esq. Allen Stovall Neuman & Ashton LLP 10 West Broad Street, Suite 2400 Columbus, OH 43215 Tel: (614) 221-8500 Fax: (614) 221-5988 Email: allen@asnalaw.com stovall@asnalaw.com coutinho@asnalaw.com rebholz@asnalaw.com About A2Z Field Services A2Z Field Services, LLC is a women-owned nationwide field service company headquartered in Plain City, Ohio. The company provides property inspection, preservation, REO, rehab and repair, rental property servicing, borrower contact, eviction, utility, HOA, VPR management, and registration and administrative services. It serves loan servicers, property owners, asset managers, and government agencies with property servicing needs. A2Z filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Ohio Case No. 26-52098) on May 1, 2026, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Amie Sparks, managing member, signed the petition. Judge Mina Nami Khorrami presides over the case. Eric R. Neuman, Esq., at Diller and Rice, LLC represents the Debtor as legal counsel. ADMI CORP: Moody's Lowers CFR to Caa1 & Alters Outlook to Stable ---------------------------------------------------------------- Moody's Ratings downgraded the Corporate Family Rating of ADMI Corp. (d/b/a "The Aspen Group" or "TAG") to Caa1 from B3 and the Probability of Default Rating to Caa1-PD from B3-PD. Moody's also downgraded the ratings on the company's backed senior secured first-lien term loans due 2027 and backed senior secured first-lien revolving credit facility due 2028 to Caa1 from B3. At the same time, Moody's revised TAG's outlook to stable from negative. The ratings downgrade reflects increasing refinancing risk associated with the company's near-term capital structure maturities, although Moody's acknowledges the company's lender update indicating ongoing discussions with preferred equity investors and plans for a comprehensive refinancing in near future. The company's revolving credit facility contains a springing maturity provision that accelerates its expiration to September 2027. The revolving credit facility is largely drawn and Moody's do not expect TAG to generate sufficient free cash flow or use existing cash balances to repay the outstanding borrowings. Governance risk considerations are material to the rating action. The company's approaching debt maturities represent a key financial policy and risk management consideration in Moody's governance framework. RATINGS RATIONALE ADMI Corp.'s (dba TAG The Aspen Group, "TAG") Caa1 CFR is constrained by the near-term maturity of the capital structure. TAG maintains high financial leverage at 7.3x as of LTM June 30, 2026, has historically operated with negative free cash flow, partially due to its moderately aggressive de novo growth strategy, and has increased reliance on its revolving credit facility to finance its operations. TAG continues to be subject to ongoing business risk considerations such as the decline of TAG's more economically sensitive ClearChoice business. The rating is supported by the company's strong market position as the close second largest dental support organization (DSO) in the US, favorable industry dynamics, and geographic diversification. Moody's expects TAG's liquidity to remain weak over the next 12 to 18 months. Liquidity is supported by approximately $29 million of unrestricted cash as of June 30, 2026 and approximately $71 million of availability under the $450 million senior secured revolving credit facility. Liquidity is constrained by the revolving credit facility's springing expiration in September 2027, which will increasingly pressure the company's liquidity profile as the maturity approaches. Moody's expects TAG to generate slightly negative free cash flow over the next 12 to 18 months and rely on additional revolver borrowings to fund its operating needs. The stable outlook reflects Moody's expectations that TAG's financial leverage will remain elevated in the low-7x range over the next 12 to 18 months and that liquidity will remain weak. The Credit Impact Score CIS-5 (previously CIS-4) indicates the rating is lower that it would have been if ESG risk exposures did not exist, and the negative impact is more pronounced than for issuers scored CIS-4. TAG has exposure to governance considerations, reflecting the company's aggressive financial policy, upcoming maturity of the capital structure, high financial leverage and history of debt-funded new dental clinic openings. TAG has also been expanding through acquisitions in the urgent care and veterinary care companies. TAG has exposure to social risks stemming from labor pressures as the company relies on a labor force of trained dentists, hygienists, and other medical care professionals. Additional social risks include access and affordability of dental and medical care services. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company successfully addresses the upcoming term loan maturities. The ratings could also be upgraded if TAG improves its liquidity, generating positive free cash flow on a sustained basis. The ratings could be downgraded if the company is unable to address the upcoming term loan maturities. The ratings could also be downgraded if liquidity and free cash flow trends worsen, of if earnings deteriorate materially. TAG operations are comprised of over 1,373 offices in 47 states across four brands including Aspen Dental, ClearChoice, WellNow, and Lovet (noting WellNow is not a guarantor). TAG, through the Aspen Dental brand, provides business support services to its 1,081 affiliated dental offices, while ClearChoice serves a network of 105 affiliated dental implant centers. ClearChoice practices are the leading national provider of fixed full-arch dental implants and related treatments. TAG also supports the practices under the WellNow urgent care brand that has 159 locations and Lovet veterinary hospital brand that has 28 locations. TAG is privately-held, and majority owned by Ares Management, L.P. and Leonard Green & Partners, L.P., with the remaining 10% owned by American Securities, and 10% owned by management and dentists. LTM combined TAG net patient revenues as of June 30, 2026 including practice ownership program offices, WellNow and Lovet were approximately $4.3 billion. The principal methodology used in these ratings was Business and Consumer Services published in February 2026. ALL-CITY TOWING: Seeks to Extend Plan Exclusivity to Sept. 25 ------------------------------------------------------------- All-City Towing, LLC and its affiliates asked the U.S. Bankruptcy Court for the Eastern District of Wisconsin to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Sept. 25 and Nov. 18, 2026, respectively. The Debtors operate a single business enterprise in the auto repair, towing, and transportation industry. Jeff Piller is the owner of the corporate debtors. Mr. Piller and his wife Candice Brecht operate the business enterprise. Each corporate debtor performs a function that is interrelated with those of the others. Since the Petition Date, the Debtors have continued operating their businesses. The Debtors explain that their cases are complex, not only because there are 10 cases being jointly administered, but because of various agreements between the Debtors and certain creditors, some of which involve cross-collateralization. The Debtors claim that a variety of factors have been cited as establishing the cause necessary to extend exclusivity. The Debtors face a complex reorganization due to the 10 jointly administered cases and the cross collateralization involved (Factor 1). The Debtors assert that they have been operating successfully in reorganization and have been negotiating with creditors to provide adequate protection and lay the foundation for a confirmable plan of reorganization (Factor 3). The Debtors assert that they are paying bills as they become due and have successfully navigated unforeseen hurdles, such as paying a $150,000.00 downpayment to maintain adequate insurance on vehicles and equipment (Factor 5). The Debtors further assert that they have previously requested two one-month extension making this the third request to extend exclusivity (Factor 6). Counsel to the Debtors: Evan P. Schmit, Esq. Kerkman & Dunn 839 N. Jefferson St., Suite 400 Milwaukee, WI 53202-3722 Tel: (414) 277-8200 Fax: (414) 277-0100 Email: jkerkman@kerkmandunn.com About All-City Towing All-City Towing LLC operates auto repair, towing, and transportation businesses in Milwaukee and Sheboygan, Wisconsin. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wisc. Case No. 26-20523) on February 1, 2026. In the petition signed by Jeff Piller, member/manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Rachel M. Blise oversees the case. Evan P. Schmit, at Kerkman & Dunn, is the Debtor's legal counsel. ALLCLEAR: Ares Capital Marks $500,000 1L Loan at 60% Off -------------------------------------------------------- Ares Capital Corporation has marked its $500,000 first lien senior secured loan to Allclear Commercial Inc., Allclear Military Inc., Allclear Space Inc., and Allclear Group LLC to market at $200,000, or 40% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Allclear Commercial Inc., Allclear Military Inc., Allclear Space Inc., and Allclear Group LLC. The first lien senior secured loan accrues interest at 10% per annum, including a 2% payment-in-kind component. The loan matures in May 2030. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About ALLCLEAR COMMERCIAL INC., ALLCLEAR MILITARY INC., ALLCLEAR SPACE INC., AND ALLCLEAR GROUP LLC Allclear Commercial Inc., Allclear Military Inc., Allclear Space Inc., and Allclear Group LLC together provide military aircraft aftermarket parts and related distribution, repair, and logistics services. AMERICAN ACHIEVEMENT: New Mountain Marks $29.8MM Loan 46% Off ------------------------------------------------------------- New Mountain Finance Corp has marked its $29,879,000 loan to American Achievement Corporation (aka AAC Holding Corp.) to market at $16,000 or 54% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to American Achievement Corporation (aka AAC Holding Corp.). The first lien undrawn commitment matures in September 2027. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About AMERICAN ACHIEVEMENT Limited information about American Achievement Corporation (aka AAC Holding Corp.) was available in the filing. AMERICAN EFFICIENT: PJM Interconnection Objects to Chapter 11 Loan ------------------------------------------------------------------ Ben Zigterman of Law360 reports that PJM Interconnection LLC has urged a North Carolina bankruptcy court to reject or scrutinize American Efficient LLC's proposed $11.5 million debtor-in-possession loan, contending that the energy-efficiency aggregator is not conducting business and cannot operate under current market regulations. The grid operator challenged the need for additional financing while the debtor remains in Chapter 11. American Efficient filed for bankruptcy after the Federal Energy Regulatory Commission imposed approximately $1.1 billion in penalties and repayment obligations on the company and its parent, Modern Energy Group. FERC accused the company of improperly claiming energy-efficiency savings and collecting capacity-market payments tied to products and savings it allegedly did not own or control, the report relays. The requested financing would be provided by MIH LLC, an indirect parent of American Efficient. PJM's objection argues that the proposed DIP facility deserves more scrutiny because the debtor's operations and business prospects are questionable. The court will have to determine whether the financing is appropriate to support the Chapter 11 case and protect creditor interests, according to Law360. About American Efficient LLC American Efficient LLC is a Durham, North Carolina-based energy efficiency aggregator specializing in utility incentive and environmental credit programs. The company partners with appliance manufacturers, retailers, utilities, and distributors to identify, verify, and monetize energy savings generated through the sale of high-efficiency products. Its services help clients meet energy conservation goals and comply with state and utility regulatory requirements. American Efficient LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-50296) on July 18, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Laura T. Beyer handles the case. The Debtor is represented by Jennifer B. Lyday, Esq. of Waldrep Wall Babcock & Bailey PLLC. AMERICAN SIGNATURE: Plan Exclusivity Period Extended to Oct. 19 --------------------------------------------------------------- Judge J. Kate Stickles of the U.S. Bankruptcy Court for the District of Delaware extended American Signature, Inc., and affiliates' exclusive periods to file a plan of reorganization and obtain acceptance thereof to Oct. 19 and Dec. 17, 2026, respectively. As shared by Troubled Company Reporter, the Debtors explain that they satisfy the various factors that courts rely on in connection with granting extensions of the Exclusive Periods as set forth in section 1121(d) of the Bankruptcy Code. * The Debtors Have Made Good-Faith Progress. During the course of these chapter 11 cases, the Debtors have made significant progress in administering these chapter 11 cases. In the weeks ahead, the Debtors will continue to engage with their stakeholders to sell its remaining assets and litigate certain claims while negotiating others in order to be in a position to develop and negotiate a chapter 11 plan. In the interim, however, the Debtors' substantial progress administering these chapter 11 cases weighs in favor of an extension of the Exclusive Periods. * The Debtors are Paying Their Bills as the Come Due. Since the Petition Date, the Debtors have paid their postpetition debts in the ordinary course or as otherwise provided by Court order. * Extending the Exclusive Periods Will Not Prejudice Creditors. Among other activities, the Debtors are requesting an extension of the Exclusive Periods to focus on working with the Committee and other key stakeholders to negotiate and develop a consensual chapter 11 plan. Continued exclusivity will permit the Debtors to maintain flexibility so that a competing plan by another third party does not derail the parties' efforts towards a plan process. All stakeholders will benefit from such continued stability and predictability. * The Debtors Are Not Pressuring Creditors by Requesting an Extension of the Exclusive Periods. The Debtors have no ulterior motive in seeking an extension of the Exclusive Periods. The requested relief is not being sought to pressure the Debtors' creditors, and the Debtors submit that no pressure would result from the requested extension of the Exclusive Periods. * The Chapter 11 Cases Are Still Relatively New. The Debtors' request for an extension of the Exclusive Periods is the Debtors' second such request and comes approximately eight months after the Petition Date and four months after the conclusion of the store liquidation sales. The length of these cases is not unique among similar debtors seeking a second exclusivity extension. The Debtors continue to explore the disposition of their other remaining assets and are working toward the goal of pursuing a confirmed plan. Counsel to the Debtors: Laura Davis Jones, Esq. David M. Bertenthal, Esq. Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705 Telephone: (302) 652-4100 Facsimile: (302) 652-4400 E-mail: ljones@pszjlaw.com dbertenthal@pszjlaw.com About American Signature Inc. American Signature Inc., together with its subsidiaries, is a residential furniture company operating across its Value City Furniture and American Signature Furniture brands and serving as a furniture destination consumers can rely on for style, quality, and value. Headquartered in Columbus, Ohio, the Company operates more than 120 stores across 17 states, with the largest concentrations in Ohio (20), Michigan (16), and Illinois (11). The Company employs approximately 3,000 team members. American Signature and eight of its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del., Lead Case No. 25-12105 (JKS) on November 22, 2025. In their petition, the Debtors estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Rudy Morando as chief restructuring officer. Judge J. Kate Stickles presides over the cases. David M. Bertenthal, Maxim B. Litvak, and Laura Davis Jones at Pachulski Stang Ziehl & Jones LLP, represent the Debtors as legal counsel. Berkeley Research Group, LLC, serves as restructuring advisor to the Debtors, SSG Capital Advisors LLC serves as investment banker, and Kurtzman Carson Consultants LLC dba Verbita Global is claims and noticing agent to the Debtors. ANGEL NAILS: Hires Michael D. O'Brien and Associates as Counsel --------------------------------------------------------------- Angel Nails and Spa Tanasbourne, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to employ Michael D. O'Brien & Associates PC as counsel. The firm will render these services: (a) negotiate financing orders; (b) obtain authorization for use of cash collateral; (c) review and evaluate the status and validity of secured claims; (d) litigation implementing the Debtor's avoidance powers; and (e) formulate a plan of reorganization. The firm's counsel and staff will be paid at these hourly rates: Michael O'Brien, Partner $495 Theodore Piteo, Partner $500 Hugo Zollman, Senior Paralegal $185 Lauren Gary, LNG, Paralegal $125 Associate Attorney, Attorney $300 In addition, the firm will seek reimbursement for expenses incurred. On June 8, 2026, the firm received $10,000 from the Debtor. The firm received an additional $8,000 on July 2, 2026, $6,000 on July 7, 2026, $9,000 on July 11, 2026, $5,500 on July 14, 2026, and $6,500 on July 15, 2026. Mr. Piteo 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: Theodore J. Piteo, Esq. Michael D. O'Brien & Associates, PC 7609 SW Beveland Rd. Portland, OR 97223 Telephone: (503) 786-3800 Email: ted@pdxlegal.com About Angel Nails and Spa Tanasbourne LLC Angel Nails and Spa Tanasbourne, LLC operates a nail salon in Hillsboro, Oregon. The company provides manicure, pedicure and artificial nail services, as well as waxing, facials, eyelash extensions and eyebrow tinting. It also offers children's nail services, electronic gift cards and space for private events. Angel Nails and Spa Tanasbourne sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Ore. Case No. 26-32593) on July 27, 2026. In the petition signed by Lawrence Ledam, owner, the Debtor disclosed $164,267 in total assets and $1,817,163 in total liabilities. Judge David W. Hercher oversees the case. The Debtor tapped Michael D. O'Brien & Associates, PC as counsel. ANGEL NAILS: Section 341(a) Meeting of Creditors on August 27 ------------------------------------------------------------- On July 27, 2026, Angel Nails and Spa Tanasbourne, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Oregon. According to court filings, the Debtor reports between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under 341(a) to be held on August 27, 2026 at 01:30 PM via 341 Meeting via Telephone (UST). Dial 888-330-1716, passcode 5189986. About Angel Nails & Spa Tanasbourne LLC Angel Nails & Spa Tanasbourne, LLC operates a nail salon in Hillsboro, Oregon. The company provides manicure, pedicure and artificial nail services, as well as waxing, facials, eyelash extensions and eyebrow tinting. It also offers children's nail services, electronic gift cards and space for private events. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No. 26-32593) on July 27, 2026. In the petition signed by Lawrence Ledam, owner, the Debtor disclosed $164,267 in total assets and $1,817,163 in total liabilities. Judge David W. Hercher oversees the case. Theodore J. Piteo, Esq., at MICHAEL D. O'BRIEN & ASSOCIATES PC, represents the Debtor as legal counsel. ARCHBISHOP OF BALTIMORE: Amends Unsecured Claims Pay ---------------------------------------------------- The Roman Catholic Archbishop of Baltimore, a corporation sole, submitted a Disclosure Statement in support of Third Amended Plan of Reorganization dated July 27, 2026. The Roman Catholic Archbishop of Baltimore developed the Chapter 11 Plan after years of mediation. The Plan is designed to compensate Survivor Claimants through contributions from the Debtor, insurance programs, and settling insurers. Funding for Survivor Compensation: * The Plan provides for aggregate funding of at least $262,910,224, consisting of: -- $60,910,224 in cash from the Debtor. -- $17,000,000 from the Archdiocesan Sexual Misconduct Self Insurance Program. -- Not less than $185,000,000 in cash from certain settling insurers. * The Debtor also contributes all insurance assets available for payment of Survivor Claims. Sale of Insurance Policies: * The Plan contemplates separate motions seeking approval to sell certain settling insurer policies back to the applicable settling insurers. * Related Non-Debtor Entities are expected to consent to these sales in exchange for protections provided under the Plan. * Their consent is described as integral to implementing the Plan and funding compensation for Survivor Claimants. The Plan establishes: * A Survivor Compensation Trust. * An Insurance Trust. These trusts will: * Evaluate Survivor Claims. * Liquidate insurance assets. * Distribute compensation to Survivor Claimants. Initial funding of the trusts will come from: * Contributions from the Debtor. * The Debtor's interest in proceeds from the sale of settling insurer policies. * Related Non-Debtor Entities' interests in those sale proceeds. Class 5 General Unsecured Claims: * Holders of allowed general unsecured claims will receive cash equal to the full allowed amount of their claims, excluding interest. * Payment will be made as soon as practicable after the later of: -- The Effective Date. -- Allowance of the claim. -- Any later agreed-upon date. * This impaired class is entitled to vote on the Plan. Class 6 Survivor Claims: * Responsibility for Survivor Claims is assumed entirely by the Survivor Compensation Trust and Insurance Trust. * Payments are made only from those trusts under the Plan's injunction provisions. * A Survivor Claimant must execute a release covering at least the Debtor, the Reorganized Debtor, and the Settling Insurers before receiving payment. * Survivor Claimants may elect one of two treatments: -- Distribution Claimant: Receives a distribution determined under the Survivor Compensation Trust Distribution Plan. -- Claimants releasing all protected parties receive the full initial award. -- Claimants releasing only the Debtor receive only the portion attributable to the Debtor's contribution, with the remaining amount reserved unless they later obtain a litigation award against a Related Non-Debtor Entity. * Litigation Claimant: Available only if authorized by the Survivor Compensation Trustee. These claimants may pursue their claims in the tort system while potentially receiving trust distributions. Recovery depends on the releases executed and available insurance coverage. Class 7 Non-Survivor Tort Claims: * Holders may seek recovery only from applicable insurance proceeds, excluding proceeds from settling insurer policies. * They may not require the Debtor or Reorganized Debtor to pay insurance deductibles, retentions, or similar obligations. * They receive no distributions from the Debtor, the bankruptcy estate, or the Reorganized Debtor. Trust Funding and Administration * The Survivor Compensation Trust receives: -- $60,910,224 from the Debtor within 10 business days after the confirmation order becomes final. -- $17,000,000 from the Archdiocesan Sexual Misconduct Self Insurance Program. -- $185,000,000 under various insurance settlement agreements. * The Debtor's contribution is made without waiving any charitable immunity defenses under Maryland law. * The Survivor Compensation Trust must maintain a reserve of up to $12,000,000 for unknown Survivor Claims for 36 months. * The Insurance Trust is initially funded with $12,000,000 transferred from the Survivor Compensation Trust and is responsible for pursuing recoveries from non-settling insurers. Any remaining funds in the Insurance Trust after its duties are completed will be transferred back to the Survivor Compensation Trust. A full-text copy of the Disclosure Statement dated July 27, 2026 is available at https://urlcurt.com/u?l=KNm6on from PacerMonitor.com at no charge. Attorneys for the Debtor: Catherine K. Hopkin, Esq. YVS LAW, LLC 185 Admiral Cochrane Drive, Suite 130 Annapolis, MD 21401 Tel: 443-569-0788 Fax: 410-571-2798 E-mail: chopkin@yvslaw.com - and - Blake D. Roth, Esq. Tyler N. Layne, Esq. HOLLAND & KNIGHT LLP 511 Union Street, Suite 2700 Nashville, TN 37219 Tel: 615.244.6380 Fax: 615.244.6804 E-mail: blake.roth@hklaw.com tyler.layne@hklaw.com - and - Philip T. Evans, Esq. HOLLAND & KNIGHT LLP 800 17th Street, NW, Suite 1100 Washington, DC 20006 Tel: 202.457.7043 E-mail: philip.evans@hklaw.com About Roman Catholic Archbishop of Baltimore Roman Catholic Archbishop of Baltimore is a non-profit religious institution that maintains its principal place of business at 320 Cathedral Street, Baltimore, Maryland 21201. Consistent with Canon Law and Maryland law, the RCAB holds property, including real property, as a corporation sole for the purposes of erecting churches, parsonages, burial grounds, or schools according to the discipline and government of the Roman Catholic Church, with all such property to be used only for such purposes. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 23-16969) on Sept. 29, 2023. In the petition signed by William E. Lori, archbishop, the Debtor disclosed $100 million to $500 million in assets and $500 million to $1 billion in liabilities. Judge Michelle M. Harner oversees the case. The Debtor tapped YVS Law, LLC and Holland & Knight LLP as legal counsel; Keegan Linscott & Associates, PC as financial and restructuring advisor; and Gallagher Evelius & Jones LLP as special counsel. Epiq Corporate Restructuring LLC is the claims, noticing, and balloting agent. The U.S. Trustee for Region 5 appointed an official committee to represent unsecured creditors in the Chapter 11 case of The Roman Catholic Archbishop of Baltimore. The committee hires Stinson LLP as counsel. Tydings & Rosenberg LLP as local counsel. ATLANTIC POOL: Brian Hofmeister Named Subchapter V Trustee ---------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Brian Hofmeister, Esq., as Subchapter V trustee for Atlantic Pool Pros, LLC. Mr. Hofmeister 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. Hofmeister declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Brian W. Hofmeister, Esq. 3131 Princeton Pike Building 5, Suite 110 Lawrenceville, NJ 08648 Phone: (609) 890-1500 Email: bwh@hofmeisterfirm.com About Atlantic Pool Pros LLC Atlantic Pool Pros, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-18664) on July 31, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Joseph Casello, Esq. at Collins, Vella & Casello represents the Debtor as legal counsel. AUTISM CENTERS: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Autism Centers of Tennessee, PLLC received interim approval from the U.S. Bankruptcy Court for the Western District of Tennessee, Western Division, to use cash collateral to fund its operations. Under the interim order, the Debtor is authorized to use cash collateral in accordance with the court-approved budget through the final hearing or until further court order. The Debtor faces severe cash-flow constraints, making cash collateral necessary to sustain operations. The collateral primarily consists of Medicaid and private-insurance reimbursements, with an estimated "as-is" fair market value of $520,000 to $783,000. The primary secured lender, Guaranty Bank & Trust, holds a first priority security interest in all of the Debtor's property, including accounts receivable, asserting a claim of roughly $672,836. While 10 subordinate creditors assert additional security interests totaling over $1.4 million, these junior claims are undersecured or hold voidable preference security interests. The Debtor offers to protect Guaranty Bank and any valid junior lienholders by maintaining operational continuity, paying post-petition property taxes, maintaining insurance, granting replacement liens on post-petition cash and receivables as they accrue, and increasing total cash reserves in accordance with the budget. A final hearing is scheduled for September 1. The order is available at http://bankrupt.com/misc/AutismCenters_CCOrder14.pdf About Autism Centers of Tennessee PLLC Autism Centers of Tennessee, PLLC is a Tennessee entity operating a facility and a pre-K through 5th-grade private school. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 26-24118) on July 31, 2026. In the petition signed by J. Morgan Adair, business director, the Debtor disclosed up to $1 million in assets and up to $10 million in liabilities. Judge Denise E. Barnett oversees the case. Michael P. Coury, Esq., at Glankler Brown, PLLC, represents the Debtor as legal counsel. BALKAN EXPRESS: Includes Huntington & M&T Secured Claims Pay ------------------------------------------------------------ Balkan Express, LLC and Balkan Logistics, LLC, submitted a Disclosure Statement in support of Corrected Second Amended Joint Plan of Reorganization dated July 27, 2026. Balkan Express, LLC and Balkan Logistics, LLC propose a Chapter 11 Plan under which holders of allowed claims will receive payments either on the Effective Date or over time, depending on the treatment of their claim class and the terms of the Litigation Trust Agreement. Key Features of the Plan: * Payment in full of all allowed administrative and priority claims. * Payment in full of all allowed secured claims and secured tax claims. * Forecasted payment in full of all allowed unsecured claims. * Payment of allowed covered personal injury claims through insurance policies. * Creation of a Litigation Trust to pursue and distribute recoveries from litigation assets. Class 8 Huntington Secured Claim: * This class is impaired and entitled to vote. * Holders will first receive their pro rata share of the Initial Plan Payment, after payment of allowed Section 503(b)(9) claims and following the expiration of the administrative claims process. * The remaining secured claim will then be paid in full, with interest, through regular cash payments over a period not exceeding four years from the Effective Date. * Total payments are expected to be approximately $157,000. Class 9 M&T Secured Claim: * M&T will receive the collateral securing its claim on or shortly after the Effective Date. * After selling the collateral, M&T may file an amended claim for any remaining deficiency within 45 days of the later of the Effective Date or surrender of the collateral. * Any allowed deficiency claim will be treated as a Class 10 unsecured claim, unless successfully challenged by the Debtors. * Because M&T estimates its collateral is worth less than 70% of its claim, the Debtors will establish an M&T Escrow funded with a portion of quarterly payments otherwise payable to unsecured creditors while the deficiency claim is resolved. Class 10 General Unsecured Claims: * Holders of allowed unsecured claims will receive their pro rata share of the General Unsecured Creditor (GUC) Recovery. * Payments will be funded from: -- Up to 70% of the Debtors' net income. -- Any proceeds recovered by the Litigation Trust. * Payments will be made quarterly after the Effective Date. * Total allowed unsecured claims are $7,139,370.97. Plan Funding: * Initial distributions will be funded by an Initial Plan Payment of $500,000 from the Debtors' cash on hand. * Additional funding will come from: * The Debtors' net income. * Proceeds generated by the Litigation Trust Assets, including recoveries from Chapter 5 causes of action. Overall Plan Implementation: * The Plan relies on cash on hand, ongoing business income, and litigation recoveries to fund creditor distributions. * Recoveries from Chapter 5 causes of action will be pursued through the Litigation Trust and used to supplement Plan payments. A full-text copy of the Disclosure Statement dated July 27, 2026 is available at https://urlcurt.com/u?l=BfxyCp from PacerMonitor.com at no charge. 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 Telephone: (817) 405-6900 Facsimile: (817) 405-6902 Email: joshua@bondsellis.com Email: eric.haitz@bondsellis.com -and- Ken Green, Esq. 402 Heights Boulevard Houston, Texas 77007 (713) 335-4990 telephone (713) 335-4991 facsimile Email: ken.green@bondsellis.com About Balkan Express Balkan Express LLC is a transportation and logistics company based in Fort Worth, Texas, offering full truckload and less-than-truckload freight services across the 48 contiguous U.S. states. The Company operates a fleet of over 150 trucks and 250 trailers and offers 24/7 dispatch support with GPS tracking. Balkan Express LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-41544) on April 30, 2025. In its petition, the Debtor estimated assets and liabilities between $10 million and $50 million. The Debtor is represented by Joshua N. Eppich, at BONDS ELLIS EPPICH SCHAFER JONES LLP. BALROG ACQUISITION: Ares Capital Marks $29.5MM 2L Loan at 23% Off ----------------------------------------------------------------- Ares Capital Corporation has marked its $29.5MM second lien senior secured loan to Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. to market at $22.7MM or 77% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. The second lien senior secured loan accrues interest at 10.76% per annum and matures in September 2029. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About BALROG ACQUISITION, INC., BALROG TOPCO, INC. AND BALROG PARENT, L.P. Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. are entities associated with a manufacturer and distributor of specialty bakery ingredients. BALROG ACQUISITION: Ares Capital Marks $3.6MM 1L Loan at 25% Off ---------------------------------------------------------------- Ares Capital Corporation has marked its $3.6MM first lien senior secured loan to Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. to market at $2.7MM or 75% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. The first lien senior secured loan accrues interest at 7.76% per annum and matures in September 2028. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About BALROG ACQUISITION, INC., BALROG TOPCO, INC. AND BALROG PARENT, L.P. Balrog Acquisition, Inc., Balrog Topco, Inc. and Balrog Parent, L.P. are part of a platform that manufactures and distributes specialty bakery ingredients. BEAZER HOMES: S&P Places 'B-' ICR on CreditWatch Positive --------------------------------------------------------- S&P Global Ratings placed all its ratings on Beazer Homes USA LLC (BZH), including its 'B-' issuer credit issue level ratings, on CreditWatch with positive implications. The positive CreditWatch placement reflects the likelihood S&P will raise its ratings on the company after the acquisition closes, which it expecta will occur in the fourth quarter of 2026. The CreditWatch placement reflects the likelihood S&P could raise its ratings on BZH following the close of transaction. On Aug. 7, 2026, Beazer Homes USA LLC (BZH) and Dream Finders Homes Inc. (DFH) jointly announced that they have reached a definitive agreement for Dream Finders to acquire Beazer Homes for $33.50 per common share in cash. S&P said, "This rating action reflects our assessment that the acquisition is highly likely to enhance Beazer's credit profile by integrating the company into a larger, higher-rated corporate platform. While we recognize that any large-scale merger introduces inherent transition and execution risks, the fundamental shift toward a higher-rated parent company provides a more robust credit backdrop for BZH's existing obligations. We will closely monitor the final transaction terms and the subsequent integration process to determine if an upgrade is warranted." Macroeconomic challenges are weighing on the residential homebuilding sector, driving margin compression and heightened leverage in BZH's recent operating results. The company's credit profile will likely remain under pressure in the near term as S&P forecasts leverage to exceed 10x at fiscal year-end 2026, which peaks ahead of projected deleveraging and revenue acceleration. The company's creditworthiness has weakened as BZH has little to no cushion at the current rating for any further unforeseen leverage impairments. S&P said, "The CreditWatch positive placement reflects the likelihood we will raise our ratings on BZH to align them with our ratings on DFH upon close of the transaction. We expect this to occur in the fourth quarter of 2026, subject to customary closing conditions, including approval by BZH stockholders and receipt of required regulatory approvals. If the acquisition fails to close, we will most likely affirm our ratings on BZH." BELLA MENTAL: Andrew Layden Named Subchapter V Trustee ------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Andrew Layden as Subchapter V trustee for Bella Mental Health Services, LLC. Mr. Layden will be paid an hourly fee of $400 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Layden declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Andrew Layden 200 S. Orange Avenue, Suite 2300 Orlando, FL 32801 Telephone: 407-649-4000 Email: alayden@bakerlaw.com About Bella Mental Health Services LLC Bella Mental Health Services, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05807) on July 30, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Jeffrey Ainsworth, Esq. at Bransonlaw PLLC represents the Debtor as legal counsel. BITCOIN DEPOT: Amends Term Loan & Financing Agreement Claims Pay ---------------------------------------------------------------- Bitcoin Depot Inc. and affiliates submitted a First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation dated July 30, 2026. As of the Petition Date, Bitcoin Depot Inc. and its affiliates operated the largest network of Bitcoin ATMs (BTMs) across North America. The company enabled customers to buy and sell Bitcoin using cash through one-way cash-to-Bitcoin exchanges. In addition to its ATM network, the company offered software supporting BTM operations, an in-person Bitcoin purchasing program, and the Bitcoin Depot mobile app (BD App). During the Chapter 11 proceedings, the Bankruptcy Court entered a Final Cash Collateral Order on July 24, 2026, authorizing the Debtors to use cash collateral through the Effective Date. The order included a Term Loan Settlement Term Sheet. If no qualifying challenge is brought before the deadline specified in the order, the Debtors will distribute $14,018,139.60 to the Term Loan Secured Parties as partial satisfaction of the Term Loan Claims. The Debtors also conducted a court-approved process to sell substantially all of their assets. On June 10, 2026, the Bankruptcy Court approved bidding procedures governing the sale process, auctions, sale hearings, and procedures for assigning contracts and leases. The order prohibited the sale of state money-transmitter licenses and Bitcoin ATM customer information without further court approval, except for certain Kutt or ReadyBucks customer information where permitted by law and the Debtors' privacy policies. Following the auction: * The Debtors designated winning bidders for certain assets. * The Bankruptcy Court entered four sale orders on July 8 and July 10, 2026 approving asset sales. * The Debtors continued marketing remaining assets and seeking additional bids. * On July 24, 2026, the Bankruptcy Court entered six additional sale orders approving the sale of additional assets. The Debtors expect that all Allowed Administrative Claims and Priority Claims will be paid in full using available cash and proceeds from the asset sales conducted under section 363 of the Bankruptcy Code. The Plan provides the following treatment of claims: Class 3 Term Loan Claims: The claims will be allowed in an amount agreed upon by the Term Loan Agent, the Debtors, and the Committee, subject to any required Bankruptcy Court approval. Holders of allowed claims will receive: * The Term Loan Settlement Amount, and * Series A Liquidation Trust Interests, in full satisfaction of their claims unless they agree to different treatment. Class 4 Equipment Financing Agreement Claims: These claims consist of: * $963,921 in principal for NFS Financing Agreement Claims, * $1,411,106 in principal for VFS Financing Agreement Claims, * Plus any accrued interest and other allowed fees, costs, or charges. Holders will receive: * Cash equal to the proceeds from the collateral securing their claims, and * If their allowed claims exceed those collateral proceeds, a pro rata share of Series B Liquidation * Trust Interests for the remaining deficiency amount. Class 5 General Unsecured Claims: Holders of allowed general unsecured claims will receive their pro rata share of the Series B Liquidation Trust Interests. During the Chapter 11 cases, the Debtors sold numerous assets through the approved sale process and also sought to abandon certain assets in connection with the rejection of executory contracts and unexpired leases. Under the Plan: * All assets that were not sold or abandoned (except Non Contributed Assets) will be transferred to the Liquidation Trust. * The Combined Disclosure Statement and Plan serves as a motion to abandon the Non-Contributed Assets. * Upon confirmation, the Bankruptcy Court's Confirmation Order will authorize and effect the abandonment of those Non-Contributed Assets as of the Effective Date. * The Non-Contributed Assets will not become part of the Liquidation Trust, and the Liquidation Trust will have no ownership interest in those assets. A full-text copy of the First Amended Combined Disclosure Statement and Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=ggq3Rw from Kroll Restructuring, claims agent. Counsel to the Debtors: VINSON & ELKINS LLP Paul E. Heath, Esq. Sara Zoglman, Esq. 845 Texas Avenue, Suite 4700 Houston, Texas 77002 Tel: 713.758.2222 Fax: 713.758.2346 Email: pheath@velaw.com szoglman@velaw.com David S. Meyer, Esq. Jessica C. Peet, Esq. 1114 Avenue of the Americas, 32nd Floor New York, New York 10036 Tel: 212.237.0000 Fax: 212.237.0100 Email: dmeyer@velaw.com jpeet@velaw.com About Bitcoin Depot Inc. Bitcoin Depot, Inc., is a Delaware corporation with its principal place of business in Georgia that operates the largest cryptocurrency kiosk network in North America, claiming to operate more than 8,400 Bitcoin ATMs across the United States, Canada, and Puerto Rico. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90528) on May 18, 2026. In the petition signed by W. Alexander Holmes, director, the Debtor disclosed up to $50 million in both assets and liabilities. Paul E. Heath, at Vinson & Elkins LLP, represents the Debtor as legal counsel. BLOOMIN' CRAZY: Hires The Law Offices of George Oliver as Counsel ----------------------------------------------------------------- Bloomin' Crazy Nursery and More, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ The Law Offices of George Oliver, PLLC to handle its Chapter 11 case. On June 26, 2026, the firm received a total retainer of $20,000 from the Debtor. George Mason Oliver, Esq., disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: George Mason Oliver, Esq. The Law Offices of George Oliver, PLLC P.O. Box 1548 New Bern, NC 28563 Telephone: (252) 633-1930 Facsimile: (252) 633-1950 Email: george@georgeoliverlaw.com About Bloomin' Crazy Nursery and More Inc. Bloomin' Crazy Nursery and More Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03092) on July 8, 2026, listing up to $10 million in both assets and liabilities. Judge David M. Warren oversees the case. The Debtor is represented by The Law Offices of George Oliver, PLLC. BLOOMIN' CRAZY: Taps The Law Offices of George Oliver as Counsel ---------------------------------------------------------------- Bloomin' Crazy Landscape Contractors, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ The Law Offices of George Oliver, PLLC to handle its Chapter 11 case. The firm received a retainer of $20,000 from the Debtor. George Mason Oliver, Esq., disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: George Mason Oliver, Esq. The Law Offices of George Oliver, PLLC P.O. Box 1548 New Bern, NC 28563 Telephone: (252) 633-1930 Facsimile: (252) 633-1950 Email: george@georgeoliverlaw.com About Bloomin' Crazy Landscape Contractors LLC Bloomin' Crazy Landscape Contractors, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03093) on July 8, 2026, listing $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The petition was signed by Kenneth G. Frank as managing member. Judge David M. Warren oversees the case. The Debtor is represented by The Law Offices of George Oliver, PLLC. BRAYMAN PRECAST: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Brayman Precast, LLC 1000 John Roebling Way Saxonburg, PA 16056 Business Description: Brayman Precast, LLC is a Pennsylvania limited liability company established in 2011 and based in Saxonburg, Pennsylvania. The company manufactures precast concrete products, including bridge components, stair systems, box culverts, wall panels, and custom-engineered elements, and also fabricates and pre-ties reinforcing steel cages. Its products are used in transportation, marine, public works, utility, industrial, and commercial projects. Brayman Precast is a member of the Precast Concrete Institute and the National Precast Concrete Association. Chapter 11 Petition Date: July 24, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-22052 Judge: Hon. Carlota M Bohm Debtor's Counsel: Michael J. Roeschenthaler, Esq. RAINES FELDMAN LITTRELL LLP 11 Stanwix Street 15th Floor Pittsburgh, PA 15222 Tel: 412-899-6472 Email: mroeschenthaler@raineslaw.com Debtor's Administrative Agent: OMNI AGENT SOLUTIONS, INC. 0. Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Adam Cohen as chief restructuring officer. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VAIITQI/Brayman_Precast_LLC__pawbke-26-22052__0001.0.pdf?mcid=tGE4TAMA BRIGHT AUTO: To Sell Rincon Property to Ariana Properties --------------------------------------------------------- Bright Auto World LLC seeks permission from the U.S. Bankruptcy Court for the Central District of California, Riverside Division, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 09 Commerce Court, Rincon, Georgia 31326. Having found a purchaser, Ariana Properties LLC, the Debtor is pleased to now seek authority from the Court to sell the Property for a purchase price of $1,450,000, an amount sufficient to pay 100% of allowed claims against the Bankruptcy Estate, administrative expenses and United States Trustee fees, with a surplus for equity. Ms. Sokhim Lay is Bright Auto's sole member and manager. From approximately 2014- 2020, Bright Auto exported cars to Cambodia and used the Property as a warehouse to store cars before being exported. In 2020, facing difficulties caused by increased tariffs and the COVID-19 pandemic, Bright Auto ceased operations. Bright Auto paid its creditors in full and filed a Certificate of Cancellation with the California Secretary of State on December 17, 2020. Title to the Property was not transferred upon cancellation and remains with Bright Auto. The lienholders of the Property are Robinson Claim, Farhard Champiri, and Javed Mujaddidi. The Debtor consulted with real estate brokers as to the fair value of the Property but did not retain a broker to market the Property. The Buyer was identified by Javed Mujaddidi, the current tenant of the Property. The Purchase Price is consistent with Debtor’s understanding of the fair value of the Property. The Debtor seeks authority to sell the Property to the Buyer directly, in a private sale, with no further marketing of the Property and no overbid procedure. The proposed sale price is sufficient to pay all claims against the Bankruptcy Estate in full, plus administrative expenses and other costs, with proceeds left over for the Debtor. About Bright Auto World LLC Bright Auto World LLC owns and operates an automobile dealership at 109 Commerce Court in Rincon, Georgia, and is classified under NAICS 4411 as a single-asset real estate entity managing the dealership property, valued at approximately $1.8 million. Bright Auto World LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-17950) on November 3, 2025, listing $1,800,000 in assets and $963,655 in liabilities. The petition was signed by Sokhim Lay as manager and member. Judge Magdalena Reyes Bordeaux presides over the case. Derrick Talerico, Esq. at WEINTRAUB, ZOLKIN TALERICO & SELTH LLP epresents the Debtor as counsel. CAMPUS WALK: Court OKs Deal on Cash Collateral Access ----------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of California approved a stipulation on the use of cash collateral entered into by Campus Walk, DST, secured creditor 330 Nord Avenue Holdings, LLC, and the state-court receiver. The Debtor's voluntary Chapter 11 filing halted a non-judicial foreclosure sale on its primary asset—a commercial real property located at 330 Nord Avenue, Chico, California. Prior to the bankruptcy filing, the original lender Wilmington Trust, N.A. had initiated a receivership action in the Superior Court of California, County of Butte, securing an order on April 22 that appointed Kevin Singer as receiver to take possession of the property and collect its rents, issues, and profits. The loan, originally issued for $11.250 million and secured by a first priority deed of trust, was subsequently assigned to 330 Nord Avenue Holdings, LLC. Under the terms of the stipulation, the Debtor and secured creditor agree to excuse the receiver from the mandatory turnover requirements of 11 U.S.C. section 543(a), (b)(1), and (c). The agreement permits the receiver to remain in possession of the property and continue operating it through September 30, unless extended by mutual agreement or further court order. In addition, the stipulation authorizes the receiver to use cash collateral comprising existing funds and post-petition rents to fund operational and maintenance expenses pursuant to an agreed-upon budget (with a 15% aggregate monthly disbursement variance cap), pay property management fees to Redstone Residential, cover receivership fees, and satisfy quarterly fees due to the Office of the United States Trustee. The receiver is required to file a property inventory within 30 days of court approval, is barred from marketing or selling the property without court authorization and must immediately surrender control of the property to the Debtor if the secured creditor provides notice that loan defaults have been cured. To protect its interests, the secured creditor receives perfected, first-priority post-petition replacement liens and security interests on all post-petition collateral to the same extent and priority as its pre-petition liens, effective nunc pro tunc to the Petition Date without requiring additional filings. The Debtor explicitly waives any right to surcharge the secured creditor or its collateral under 11 U.S.C. section 506(c), and the parties confirm that entering into the stipulation does not violate California's "security first principle" under Code of Civil Procedure section 726. The secured creditor's consent to cash collateral usage will immediately terminate upon specific events—such as false representations by the Debtor, loss of possession by the receiver, non-compliance with the agreement, invalidation of pre-petition liens, or conversion of the case to Chapter 7—allowing the secured creditor to seek immediate relief from the automatic stay. A copy of the motion is available at https://urlcurt.com/u?l=D1t6nG from PacerMonitor.com. About Campus Walk, DST Campus Walk, DST is a Mission Viejo, California-based student housing real estate investment entity that owns and manages student housing properties. Its principal asset is a student housing complex located at 330 Nord Avenue in Chico, California, serving the California State University, Chico market. Campus Walk sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-23891) on July 8, 2026, with between $10 million and $50 million in both assets and liabilities. Honorable Bankruptcy Judge Christopher D. Jaime handles the case. The Debtor is represented by Jamie L. Edmonson, Esq., of Robinson & Cole LLP. 330 Nord Avenue Holdings, LLC, as secured creditor, is represented by: Meagen E. Leary, Esq. Marcus O. Colabianchi, Esq. Duane Morris, LLP Spear Tower One Market Plaza, Suite 2200 San Francisco, CA 94105-1127 Telephone: (415) 957-3000 meleary@duanemorris.com mcolabianchi@duanemorris.com CARRIAGE SQUARE: Seeks Subchapter V Bankruptcy in Tennessee ----------------------------------------------------------- On July 28, 2026, Carriage Square LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Tennessee. According to court filings, the Debtor reports between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 27, 2026 at 09:00 AM via Meeting held telephonically. Please call 888-330-1716 and enter code 3884044# to attend. Government Proof of Claim due January 25, 2027; Subchapter V Plan Due October 26, 2026. About Carriage Square LLC Carriage Square LLC is a Springfield, Tennessee-based textile and fabric wholesale distributor. The company operates under the Choice Fabrics brand and serves wholesale and retail customers from a 50,000-square-foot warehouse facility in Springfield. Carriage Square LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03577) on July 28, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $1 million to $10 million. The company remains operational as a debtor-in-possession and is undergoing court-supervised restructuring. The Debtor is represented by Henry E. Hildebrand, Esq. of Dunham Hildebrand Payne Waldron, PLLC. CARVANA CO: Fitch Assigns 'BB-' LongTerm IDR, Outlook Stable ------------------------------------------------------------ Fitch Ratings has assigned Carvana Co. a first-time Long-Term Issuer Default Rating (IDR) of 'BB-'. Fitch has also assigned a rating of 'BB+' with a Recovery Rating of 'RR2' to Carvana's secured notes, and a rating of 'BB-'/'RR4' to Carvana's unsecured notes. The Rating Outlook is Stable. The ratings reflect Carvana's good position as an online used auto disruptor with long-term market share opportunities, particularly given the highly fragmented industry. Recent profitability improvements drove 2025 EBITDA of $2.1 billion, or about 10.5% of revenue, and Fitch expects EBITDAR leverage to trend around the low-2x range, assuming EBITDA about $2.5 billion in 2026. The rating also recognizes Carvana's controlled company status, related party transactions and its reliance on customer loan sales (56% of EBITDA) to fund its business. Key Rating Drivers Online Disruptor: Carvana has disrupted the largely bricks-and-mortar used auto retail business through its online platform. The company has grown revenue to $20.3 billion in 2025 from $130 million in 2015 as it expands its brand presence and inventory sourcing and reconditioning capabilities. The company's digital model and physical infrastructure are becoming structural advantages in a highly fragmented industry, particularly versus independents without the means to invest in attributes like a digital platform. Fitch expects Carvana to grow share from its modest position of 2.5% in the approximately $800 billion industry. Market share gains would result from Carvana leveraging its existing competitive advantages and expanding brand awareness. The industry remains highly fragmented, with the top 10 largest U.S. automotive retailers collectively representing only about 10% of the total market. Fitch expects Carvana to grow revenue by about 30% in 2026. Fitch assumes growth could moderate to mid-single digits annually relative to about 2%-3% annual industry growth, with EBITDA expanding from $2.1 billion in 2025 toward $2.6 billion over the next three years. EBITDA Concentration Risk: Carvana's loan origination and monetization business generated about $1.2 billion in profit in 2025, representing 56% of total EBITDA. About 80% of customers use Carvana's in-house financing. The company originates and monetizes loans through Ally Financial, ABS issuances, and fixed pool sales, differentiating it from peers that earn third-party lender commissions or retain loans for net interest margin. Sustained ABS market access and continued loan buyer demand are therefore critical to Carvana's business model and liquidity. A freeze in securitization markets or reduced buyer appetite could require Carvana to hold loans on its balance sheet or monetize them at lower profitability levels, creating material liquidity needs given about $13 billion in 2025 originations, and posing high profitability risks given the EBITDA concentration. Loan sale premiums are also sensitive to interest rate movements and strategic pricing decisions, illustrated by gross margin compression in 1H26 as Carvana lowered customer interest rates to support unit growth. Deterioration in expected loss performance, as seen in 2022-2023 ABS vintages, can also reduce buyer valuations and compress premiums. Material Improvement in Profitability: Carvana had an aggressive growth history, with persistently negative EBITDA before 2023 and a distressed debt exchange in 2023. EBITDA margins improved from 2% in 2023 to about 10.5% in 2025, supported by cost efficiency and revenue growth of 27% in 2024 and about 50% in 2025 and 1H26. Fitch expects margins to normalize to mid-9% in 2026, driven by lower-margin digital retail marketplace expansion, higher reconditioning and shipping costs, and brand investment. Carvana's rating also recognizes longer-term market share ambitions that could lead to a reinvestment ramp and pressure margins beyond Fitch's forecasts. Good Liquidity: Carvana's liquidity as of March 31, 2026, was $4.55 billion, including $2.4 billion of balance sheet cash and availability on its $1.5 billion floor plan facility maturing April 2027 and various revolving facilities backed by unsold finance receivables ($982 million as of March 31, 2026). Fitch expects Carvana to generate about $700 million in annual FCF beginning 2026. FCF could be used for growth initiatives, including M&A. Carvana's good liquidity somewhat mitigates the operational risk of potential interruptions to its receivables monetization activities. Reasonable Leverage: Carvana's leverage profile has improved in recent years on EBITDA growth and some debt paydown. EBITDAR leverage was 4.3x and 2.4x in 2024 and 2025, respectively, and Fitch expects EBITDAR leverage to modestly decline to the low 2x range beginning in 2026, assuming EBITDA in the $2.5 billion range and steady debt in the $5 billion range. EBITDAR fixed charge coverage could trend in the mid-4x range in the medium term. The company has publicly stated its intentions to delever through EBITDA growth and has investment grade aspirations longer term. Governance Issues: The governance assessment of 'deficient' results in an adjustment of -1 notch of the Standalone Credit Profile (SCP). CEO Ernest Garcia III and his father Ernest Garcia II control around 83% of voting rights and can pursue competing interests. Related party transactions exist with DriveTime Automotive Group, controlled by Ernest Garcia II, including high margin warranty commissions and payments for services and subleases. Past governance and business practice issues led to temporary suspensions in some states over title and registration issues. Future occurrences could impact consumers' view of the Carvana brand. Peer Analysis Carvana's peers include leading U.S. new and used auto retailers AutoNation, Inc. (BBB-/Stable), Asbury Automotive Group, Inc. (BB/Positive) and Sonic Automotive, Inc. (BB/Stable). Relative to Carvana, these traditional auto dealers are more diversified with new vehicles, parts, services and finance offerings, resulting in a more balanced gross profit mix that helps limit financial sensitivity to the cyclical new and used vehicle market. AutoNation and Asbury, through its Clicklane brand, have omnichannel platforms similar to Carvana's. AutoNation's rating reflects Fitch's expectations for EBITDAR leverage at or below 3.3x. Asbury's Positive Outlook reflects management's track record of sustaining EBITDAR leverage sustaining below 3.8x, with Fitch expecting leverage of about 3.7x in 2026. Fitch expects Sonic's EBITDAR leverage to range between 3.8x and 4.3x. Fitch’s Key Rating-Case Assumptions - Revenue could trend in the high single digits in the second half of 2026, with total revenue growth projected at around $26 billion in 2026, and continue to grow in the mid-single digits in subsequent years assuming modest market share expansion, yielding revenue near $30 billion by 2029; - EBITDA growth could track with revenue, assuming margins in the low to mid-9% range starting in 2026; - FCF could be around $700 million annually, assuming about $400 million of cash interest expense and $150 million of capex; - EBITDAR leverage is projected in the low 2x range, below the 2.4x recorded in 2025 and 4.3x in 2024, on EBITDA expansion and assuming flat debt levels. EBITDAR fixed charge coverage could be around mid-4x beginning 2026, similar to the 2025 level. Corporate Rating Tool Inputs and Scores Fitch scored the issuer as follows, using its Corporate Rating Tool (CRT) to produce the SCP: Business and financial profile factors (assessment, relative importance): management ('b+', Higher), sector characteristics ('bbb-', Moderate), market and competitive positioning ('bbb+', Higher), diversification and asset quality ('bb', Moderate), company operational characteristics ('bbb+', Moderate), profitability ('bb-', Moderate), financial structure ('a', Lower), 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 'some deficiencies' results in an adjustment of -1 notch. The operating environment assessment of 'aa-' 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 assigned Recovery Ratings (RRs) to the various debt tranches in accordance with its criteria, which allows for the assignment of RRs for issuers with IDRs in the 'BB' category. RRs in the 'BB' category are not computed by bespoke analysis due to the distance to default. Instead, they serve as a label to reflect an estimate of the risk of these instruments relative to other instruments in the entity's capital structure. Fitch assigned Carvana's first lien secured notes a 'BB+'/'RR2', reflecting superior recovery prospects in the event of default. Fitch views these notes as practically junior to Carvana's asset-backed facilities, including its floor plan facilities. Carvana's unsecured debt has average recovery prospects and is rated 'BB-'/'RR4'. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - A downgrade could result from growth investments, including acquisitions, which materially pressure profitability and cash flow relative to Fitch's forecast; - EBITDAR leverage sustained near 4x or EBITDAR fixed charge coverage sustained around 2.5x; - Material change in the company's receivables monetization processes which pressure income or cash flow; - Increased governance concerns could also yield a downgrade. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - An upgrade would require a track record of sustained ABS market access and consistent loan monetization across varying market and credit conditions, and/or evidence that gains on loan sales are a consistent and predictable contributor to EBITDA, increasing confidence in the resilience of Carvana's originate-to-monetize model; - A demonstrated track record of market share gains with stable profitability and cash flow generation while sustaining EBITDAR leverage below 2.5x and EBITDAR fixed charge coverage comfortably above 4x. Liquidity and Debt Structure Carvana's liquidity sources include cash, a $1.5 billion floor plan facility due April 2027 and various finance receivable facilities including $3.6 billion as of March 31, 2026. As of this date, liquidity totaled $4.6 billion, with $2.4 billion in cash and $2.1 billion available under its facilities. Fitch expects around $700 million in annual FCF beginning in 2026. Carvana regularly sells consumer receivables, originating $12.8 billion and generating $13.3 billion in cash from receivables sales in 2025. These sales are a significant source of ongoing liquidity, and an inability to monetize receivables would be a material credit concern. As of March 31, 2026, Carvana's debt consisted of $3.9 billion in senior secured notes, $107 million in senior unsecured notes and $997 million in debt secured by inventory, receivables and certain real estate. Carvana's next significant maturity is about $1.66 billion of secured notes due in June 2030. Issuer Profile Carvana is a leading U.S. online used car retailer, with 2025 revenue and EBITDA of $20.3 billion and $2.1 billion, respectively. Summary of Financial Adjustments Financial statement adjustments that depart materially from those contained in the published financial statements of the relevant rated entity or obligor are disclosed below: - EBITDA adjusted to exclude stock-based compensation; - Balance sheet lease liabilities are used as lease-equivalent debt starting in fiscal 2023, and lease-related interest and depreciation and amortization are reclassified as operating costs in the income statement and as operating cash outflows in the cash flow statement, in accordance with Fitch's "Corporate Rating Criteria." Date of Relevant Committee 24 July 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 Carvana Co. ESG Considerations Carvana Co. has an ESG Relevance Score of '5' for Group Structure due to related party transactions with DriveTime Automotive Group which is controlled by Ernest Garcia II, which has a negative impact on the credit profile and is highly relevant to the rating, resulting in an implicitly lower rating. Carvana Co. has an ESG Relevance Score of '5' for Governance Structure due to concentrated voting control, with CEO Ernest Garcia III and his father Ernest Garcia II collectively controlling about 83% of voting rights, enabling pursuit of competing interests. This has a negative impact on the credit profile and is highly relevant to the rating, resulting in an implicitly lower rating. 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 ----------- ------ -------- Carvana Co. LT IDR BB- New Rating senior unsecured LT BB- New Rating RR4 senior secured LT BB+ New Rating RR2 CENTERPOINT ENERGY: Fitch Rates Jr. Sub. Notes Due 2058 'BB+' ------------------------------------------------------------- Fitch Ratings has assigned a 'BB+' instrument rating to CenterPoint Energy, Inc.'s (CNP) series E fixed-to-fixed reset rate junior subordinated notes (JSN) due 2058. The notes are CNP's unsecured obligations and will rank junior and subordinate in right of payment to the prior payment in full of CNP's existing and future senior indebtedness. Proceeds from the debt offering will be used for general corporate purposes, including repayment of a portion of the $1.0 billion outstanding 4.25% convertible senior notes due 2026 as well as outstanding commercial paper borrowings. The JSNs qualify under Fitch criteria for 50% equity credit. Fitch is assigning the JSNs a Long-Term issue Rating of 'BB+', two notches below CNP's Long-Term Issuer Default Rating (IDR) of 'BBB'. CNP has a Stable Rating Outlook. Key Rating Drivers Low-Risk Utility Operations: Through its subsidiary CERC, CNP operates local gas distribution utilities in four states: Indiana, Minnesota, Ohio and Texas. CNP also provides electric transmission and distribution (T&D) services to about 2.9 million customers in Texas through its subsidiary CenterPoint Energy Houston Electric, LLC (CEHE). Additionally, CNP also provides integrated electric service to about 154,000 customers in Indiana through its subsidiary Southern Indiana Gas and Electric Company (SIGECO). The company's relatively low-risk business profile is a key credit strength of CNP, offset by a noticeable rise in catastrophic storm activity at CEHE in recent years. Large Capex Program: On July 28, 2026, CNP unveiled updated capital plans, targeting $66.7 billion in investment through 2035 and $34.2 billion through 2030 — increases over prior plans of $1.2 billion and $1.1 billion, respectively. Roughly 70% of the spend targets electric investments, primarily transmission, resiliency, grid modernization and data centers. CNP intends to fund this elevated spend through internal cash flow, common equity, securitization and asset recycling proceeds. Fitch views the external funding — including approximately $4 billion of equity issuance through 2035 — as credit supportive. The plan is further supported by constructive regulatory mechanisms that enable timely recovery of prudently incurred costs. Ohio LDC Sale Update: In October 2025, CNP announced the proposed sale of its Ohio natural gas local distribution company to Natural Fuel Gas Co. for $2.6 billion or about 1.9x 2024 rate base. The transaction is expected to close in 4Q26 at which point, CNP will receive roughly $1.4 billion. The remaining $1.2 billion will be paid to CNP in 2027 pursuant to a seller's note to be executed at closing. In June 2026, the Public Utilities Commission of Ohio (PUCO) approved the transaction, subject to Hart-Scott-Rodino review. Proceeds from the transaction will be used to fund CNP's capex program, which Fitch views as credit positive. Balanced Rate Regulation: Fitch views rate regulation as generally credit supportive across CNP's operating territories. CNP and its subsidiaries benefit from tariffs designed to recover certain electric and gas investments outside of base rate cases, the authorization of securitization to recover storm costs, fuel cost adjustment clauses and system restoration and improvement mechanisms. Interim mechanisms like the Transmission Cost of Service (TCOS) in Texas reduce regulatory lag and the Transmission, Distribution and Storage System Improvement Charge (TDSIC) in Indiana enable recovery of approximately 80% of the capital costs incurred through periodic rate adjustments between rate cases. Fitch views these regulatory mechanisms as credit supportive. Securitization Update: Texas and Indiana have authorized securitization bonds to recover storm costs and other expenses in a timely manner, a key credit positive for its Texas operations. In September 2025, CNP issued about $401 million of securitization bonds to recover May 2024 derecho-related storm costs in Texas. In February 2026, CEHE issued approximately $1.2 billion securitization bonds related to Hurricane Beryl and other significant storms. Fitch views these securitization proceeds as supportive of credit quality. Strengthening CNP Credit Metrics: CNP's credit metrics were significantly impacted by storm activity — beginning with Winter Storm Uri in 2021. Consolidated funds from operations (FFO) leverage were elevated in 2021-2024, averaging 6.4x. FFO leverage was approximately 6.0x in 2025. Fitch expects leverage to improve in 2026-2028, mainly due to cash recovery of deferrals, sale proceeds, securitization proceeds and recent rate increases. FFO leverage is expected to average 5.4x during 2026-2028, well below Fitch's 6.0x downgrade sensitivity for CNP, supporting the ratings and Stable Outlook. Focus on Resiliency and Safety: Over the five-year period from 2026 to 2030, slightly more than 60% of the $34.2 billion of capex is earmarked for CEHE's T&D operations, with a focus on grid resiliency, safety and growth. The plan comprises multiple discrete programs and projects, including electric transmission system investment, aged gas pipeline replacement, gas meter modernization, the Texas gas transmission project, the downtown Houston revitalization project and system resilience investments. Peer Analysis CNP is well-positioned compared to peers NiSource Inc. (NiSource; BBB/Stable) and Sempra (BBB+/Stable). CNP is smaller than Sempra and larger than NiSource by EBITDA. CNP's, NiSource's and Sempra's 2025 EBITDA totaled $3.6 billion, $3 billion and $5.5 billion, respectively. Both CNP and NiSource are multi-state utilities with gas and electric utility operations across multiple jurisdictions. CNP provides gas and electric service in four states, while NiSource's utility operations span six states. Sempra operates gas distribution and electric utilities in California. It owns electric transmission and distribution utilities in Texas and has significant nonutility energy sector investments. More than 95% of CNP's EBITDA is derived from regulated utilities. Regulated utilities provide virtually all of NiSource's consolidated EBITDA and around 80% of Sempra's EBITDA is from regulated operations. CNP's FFO leverage is estimated by Fitch at 5.4x in 2026 and 2027, weaker than higher-rated Sempra's 4.1x in 2026 and 4.4x in 2027, and in line with NiSource's FFO leverage of 5.3x in 2026 and 2027. Fitch’s Key Rating-Case Assumptions - Continued supportive rate regulation; - Incorporates impact from regulatory decisions in CNP's Indiana, Minnesota and Texas gas LDC rate case and its Texas electric base rate case; - Annual customer growth averages around 1% across CNP's gas LDC utility platform and 2% at CEHE; - 10-year capital plan of approximately $67 billion funded through incremental equity; - Balanced outcomes in CEHE's anticipated transmission cost of service and Distribution Cost Recovery Factor mechanism filings in 2026; - Virtually full recovery of storm costs in rates via securitization and other rate recovery mechanisms. 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 (bbb+, Moderate), Sector Characteristics (bbb, Higher), Market & Competitive Positioning (bbb+, Moderate), Diversification and Asset Quality (a, Moderate), Company Operational Characteristics (bbb+, Higher), Profitability (bbb, Moderate), Financial Structure (bbb-, Higher), and Financial Flexibility (bbb+, Moderate). - The quantitative financial subfactors are based on standard CRT financial period parameters: 20% weight for the latest historical year 2024, 40% for the forecast year 2025 and 40% for the forecast year 2026. - The Governance Impact assessment of 'Good' results in no adjustment. - The Operating Environment Impact assessment of 'aa-' results in no adjustment. - The SCP is 'bbb'. To derive the IDR: - Application of Fitch's Parent Subsidiary Linkage Considerations Rating Criteria results in a consolidated approach. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - FFO leverage above 6.0x on a sustained basis; - Significant, unexpected deterioration in CNP's regulatory environment. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - FFO leverage below 5.0x on a sustained basis and continued supportive rate regulation. Liquidity and Debt Structure On a consolidated basis, CNP and its subsidiaries have access to up to $4 billion of credit facilities, including a $2.4 billion facility at the parent. CNP subsidiaries CERC, CEHE and Southern Indiana Gas and Electric Company, through separate credit facilities, can borrow up to about $1.050 billion, $300 million and $250 million, respectively. The credit facilities terminate on Dec. 6, 2028. As of June 30, 2026, available borrowing capacity under CNP's and its subsidiaries' credit facilities was approximately $3.5 billion, primarily reflecting approximately $124 million of CP issued by CNP and $353 million at CERC. CERC and CEHE participate in CNP's money pool, borrowing and investing on a short-term basis. As of June 30, 2026, CNP had cash and cash equivalents of $49 million on its balance sheet. Issuer Profile CNP is a large, multi-state utility holding company strategically focused on its core utility operations, having exited investment in midstream and other unregulated businesses in recent years. Summary of Financial Adjustments Fitch adjusts financial ratios by removing securitization-related revenue, amortization, interest expense and debt from CNP's, CEHE's and CERC's financials, reflecting protections granted by state law that create a transferable, non-bypassable special tariff to a ring-fenced SPE with no recourse to the utility. Fitch also provides 50% equity credit for certain hybrid securities, in accordance with Fitch criteria and consistent with the equity-like features of the relevant hybrid instruments. Date of Relevant Committee 28-Jan-2026 MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS Fitch's latest quarterly Global Corporates Sector Forecasts Monitor data file which aggregates key data points used in its credit analysis. Fitch's macroeconomic forecasts, commodity price assumptions, default rate forecasts, sector key performance indicators and sector-level forecasts are among the data items included. Climate Vulnerability Signals Fitch's asset-weighted 2025 Climate.VS for CNP for 2035 is 43 out of 100, driven by a mix of relatively low-risk electric transmission, distribution and generation, and gas distribution utility operations. CNP is transitioning to coal- fired generation at its Indiana electric operation, aligning with its 2035 decarbonization goals. Climate change poses a potential secular challenge for CNP's gas distribution utilities, but Fitch believes policy concerns regarding climate will prove manageable within CNP's and its subsidiaries' current rating category in the near to intermediate term. Additionally, CNP is also exposed to climate fueled storm risks in its operating territories. The results of its Climate.VS screener did not indicate an elevated risk for CNP. For further information on how Fitch perceives climate related risks in the Utilities sector, see "Utilities -Long-Term Climate Vulnerability Signals Update." Fitch uses Climate Vulnerability Signals (Climate.VS) as a screening tool to identify sectors and Fitch-rated issuers that are potentially most exposed to credit-relevant climate transition risks and, therefore, require additional consideration of these risks in rating reviews. Climate.VS range from 0 (lowest risk) to 100 (highest risk). For more information on Climate.VS, see Fitch's Corporate Rating Criteria. For more detailed, sector-specific information on how Fitch perceives climate-related transition risks, see "Climate Vulnerability Signals for Non-Financial Corporate Sectors." 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 ----------- ------ CenterPoint Energy, Inc. junior subordinated LT BB+ New Rating CHANGE AGENTS: Issues 1.55 Million Shares for Consulting Services ----------------------------------------------------------------- Change Agents Corporation said in a regulatory filing with the Securities and Exchange Commission that from July 30 through Aug. 1, 2026, it entered into amendments and addendums to outstanding consulting agreements under which the Company agreed to issue an aggregate of 1.55 million shares of its common stock in consideration of services rendered. These shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. About Change Agents Corp. Change Agents Corporation (formerly Avalon GloboCare Corp.) (Nasdaq: CHGA) is an artificial intelligence software company focused on developing agentic AI applications designed to help small businesses, brands, and content creators increase revenue, improve digital discoverability, and automate content creation. The Company's current portfolio includes Beacon, an AI Search Optimization platform, and Catch-Up, an autonomous AI-powered content creation platform. Through its scalable Software-as-a-Service (SaaS) business model, Change Agents is focused on delivering innovative AI solutions that create measurable customer value while generating recurring subscription revenue and long-term shareholder returns. The Woodlands, TX-based M&K CPAS, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 30, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $16.24 million in total assets, $4.52 million in total liabilities, and $11.72 million in total stockholders' equity. CHARLES & COLVARD: Court Extends Cash Collateral Access to Sept. 2 ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, entered a seventh interim order authorizing Charles & Colvard, Ltd. to continue using cash collateral. The order authorized the Debtor to use cash collateral only for operating expenses in accordance with the court-approved budget, which projects total operational expenses of $157,186 for August. Any expenditure exceeding 10% of the budgeted amount requires the prior written consent of the secured parties. The Debtor must deposit all collateral proceeds into debtor-in-possession bank accounts, provide monthly operating reports, give the secured parties access to collateral and financial information upon reasonable notice, and serve copies of all bankruptcy pleadings. The Debtor's cash collateral may be subject to security interests asserted by Essential Lab Grown Diamonds Inc., Wolfspeed, Inc., and Ethara Capital, LLC. As adequate protection, each secured creditor received replacement liens on post-petition collateral to the extent of its valid pre-petition liens while the Debtor retained the right to challenge the validity and priority of those liens in the future. The interim order remains effective through September 2, unless terminated earlier because of default, court order, or mutual agreement. Defaults include violating the terms of the order or failing to file a Chapter 11 plan as required by the court. A further hearing is scheduled for September 2. 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. CHEFS' WAREHOUSE: Moody's Ups CFR to 'Ba3', Outlook Stable ---------------------------------------------------------- Moody's Ratings upgraded The Chefs' Warehouse, Inc.'s (Chefs) corporate family rating to Ba3 from B1 and probability of default rating to Ba3-PD from B1-PD. Moody's also assigned a B1 rating to the proposed $625 million senior secured first lien term loan B and affirmed the B1 rating on the company's existing $300 million senior secured first lien term loan due 2029 issued by its subsidiary Chefs' Warehouse Parent, LLC. The company's speculative grade liquidity rating (SGL) was upgraded to SGL-1 from SGL-2. The outlook remains stable. Proceeds from the proposed $625 million term loan, estimated $222 million of common stock issuance and $35 million of balance sheet cash will be used to refinance the existing $245 million first lien term loan amount, redeem the company's $288 million 2028 convertible senior notes and fund the estimated convertible premium. Pro forma for the transaction, Moody's-adjusted debt/EBITDA will be 3.4x (equivalent to the company-defined 2.0x net debt/EBITDA) and Moody's-adjusted EBITA/interest expense will also be at an estimated 3.4x. The CFR upgrade reflects Chefs' strong operating performance and sustained improvement in credit metrics. In Q2 2026, revenue increased approximately 13% and management adjusted EBITDA grew 35%, mainly driven by continued market share gains and operating leverage from investments in its distribution capacity, sales force and technology. Chefs also raised its long-term revenue growth and margin expansion expectations, as well as its 2026 adjusted EBITDA guidance. The upgrade also reflects governance considerations, including Chefs' revised long-term net leverage target (as defined by the company) of 1.5x-2.5x, compared to 2.0x-3.0x previously. Moody's expects the company to maintain balanced financial strategies, including disciplined acquisition activity and very good liquidity. The SGL upgrade to SGL-1 reflects Chefs' reduced revolver utilization and maturity extension following the refinancing. Moody's expects $100-130 million of annual free cash flow, $120-150 million of balance sheet cash, good excess revolver availability and ample cushion under the springing ABL covenant over the next 12-18 months. RATINGS RATIONALE The Chefs' Warehouse, Inc.'s Ba3 CFR reflects the company's position as a leading distributor of specialty food products to independent restaurant customers in the US and Canada. Chefs has a product portfolio with a deep selection of specialty and center-of-the-plate food products that differentiates its offering from larger, traditional broadline foodservice distributors. The company's focus on the independent restaurant segment and scale within the segment have supported higher operating margins than those of broadline peers. The credit profile also incorporates governance considerations, specifically the company's balanced financial policies, including a public net leverage target of 1.5-2.5x. Chefs' very good liquidity also provides credit support. At the same time, the rating reflects the high degree of competition in the food distribution sector and Chefs' modest scale. The company also has a narrow focus on the cyclical independent restaurant segment, and some geographic concentration in US regional markets including New York, the San Francisco Bay Area, Los Angeles, and New England. The stable outlook reflects Moody's expectations for very good liquidity and continued revenue and earnings growth. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Chefs significantly increases its scale and regional diversification and expands margins, while maintaining very good liquidity and a commitment to balanced financial strategies. Quantitatively, the ratings could be upgraded if Moody's-adjusted debt/EBITDA is sustained below 3.5x and EBITA/interest expense is sustained above 3.75x. The ratings could be downgraded if operating performance or liquidity deteriorate, or if Chefs pursues more aggressive financial strategies, including large debt-funded acquisitions. Quantitatively, the ratings could be downgraded if Moody's-adjusted debt/EBITDA is expected to be sustained above 4.25x or EBITA/interest expense is expected to be sustained below 2.75x. As proposed, the new $625 million senior secured term loan facility is expected to provide covenant flexibility that, if utilized, could negatively impact creditors. -- Incremental debt capacity includes the greater of $295 million and 1.0x LTM EBITDA, plus voluntary prepayments of term loans, plus unlimited amounts subject to pro forma first lien net leverage not exceeding 2.75x for pari passu secured debt, secured net leverage not exceeding 3.25x for junior secured debt, and total net leverage not exceeding 5.00x or interest coverage of at least 2.00x for unsecured debt. -- Amounts up to the greater of $148 million and 50% of LTM EBITDA may be incurred with an earlier maturity date or shorter weighted average life than the initial term loans. -- The credit agreement permits the transfer of assets to unrestricted subsidiaries, up to the carve-out capacities, subject to customary limitations to be defined in the agreement. -- The credit agreement is expected to include customary protections regarding guarantee releases although the term sheet does not specify the provisions. -- The credit agreement is expected to include customary protections limiting up-tiering transactions, although the term sheet does not specify the provisions. -- The proposed terms and the final terms of the credit agreement may be materially different. Headquartered in Ridgefield, Connecticut, The Chefs' Warehouse, Inc. distributes specialty food products to menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States, Canada and the Middle East. The company generated net sales of $4.4 billion for the twelve months ended June 26, 2026. The principal methodology used in these ratings was Distribution and Supply Chain Services published in November 2025. CLASSIC GARAGE: Seeks Subchapter V Bankruptcy in Florida -------------------------------------------------------- On July 28, 2026, Classic Garage, 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 estimated assets of $0 to $50,000 and estimated liabilities of $50,000 to $100,000, with 1 to 49 creditors. A meeting of creditors under Section 341(a) to be Held on August 27, 2026 at 10:30 AM by TELEPHONE. About Classic Garage, LLC Classic Garage, LLC is a Fort Lauderdale, Florida-based classic car restoration and automotive repair company specializing in antique and muscle vehicles. The boutique automotive business focuses on restoration, performance builds, maintenance, restomods and high-end automotive craftsmanship. Classic Garage, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-19915) on July 28, 2026. In its petition, the Debtor reports estimated assets of $0 to $50,000 and estimated liabilities of $50,000 to $100,000. Honorable Bankruptcy Judge: Not provided in the available information. The Debtor is represented by Adam I. Skolnik. CLEAR CHANNEL: Posts Q2 Net Loss of $5MM, Revenue Rises to $438MM ----------------------------------------------------------------- Clear Channel Outdoor Holdings, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the three and six months ended June 30, 2026. The Company reported a consolidated net loss of $5 million for the three months ended June 30, 2026, compared to net income of $10.6 million for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a consolidated net loss of $53 million, compared to net income of $73.9 million for the same period in the prior year. Revenues for the three months ended June 30, 2026, were $438 million, compared to $402.8 million in the prior-year period. Revenues for the six months ended June 30, 2026, increased to $811.9 million from $737 million in the same period of the prior year. As of June 30, 2026, the Company had $3.7 billion in total assets, $7.2 billion in total liabilities, and $3.5 billion in total stockholders' deficit. Pending Take-Private Merger On Feb. 9, 2026, the Company entered into an Agreement and Plan of Merger with Madison Parent Inc., a Delaware corporation, and Madison Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, the Company is to be acquired by an investor consortium comprised of affiliates and/or certain investment funds advised by Mubadala Capital. Under the terms of the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent. Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger, each share of the Company's common stock that is issued and outstanding as of immediately prior to the Effective Time (other than shares held by the Company as treasury stock, owned by Parent or any wholly owned subsidiary of the Company or Parent, including Merger Sub, or as to which appraisal rights have been properly exercised in accordance with Delaware law) will be automatically canceled, extinguished, and converted into the right to receive cash in an amount equal to $2.43, without interest. Upon consummation of the Merger, the Company will become a privately held company, and its common stock will no longer be listed for trading on any public market. The applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on April 9, 2026. On May 12, 2026, the Company's stockholders approved the adoption of the Merger Agreement at a special meeting of stockholders. The Merger is expected to close by the end of the third quarter of 2026, subject to the satisfaction of remaining customary closing conditions, including receipt of regulatory approvals, such as review by the Committee on Foreign Investment in the United States. Under the terms of the Merger Agreement, if the agreement is terminated under certain specified circumstances, including in connection with the Company entering into a definitive agreement relating to an alternative business combination transaction that constitutes a superior proposal (as defined in the Merger Agreement), the Company may be required to pay Parent a termination fee of $39.8 million. In addition, Parent may be required to pay the Company a termination fee of $92.9 million if the Merger Agreement is terminated under certain other circumstances. In connection with the Merger, in April 2026, the Company completed consent solicitations with respect to its outstanding senior secured notes, term loan facility, and revolving credit facility and entered into amendments to the related debt documents. These amendments are effective but will become operative only upon consummation of the Merger. Additionally, in May 2026, the Company completed a consent solicitation with respect to its receivables-based credit facility and entered into an amendment to the related credit agreement, which will become effective upon consummation of the Merger. In connection with the Merger, the Company has also issued conditional notices of redemption for its outstanding senior unsecured notes. Liquidity and Capital Resources Short-Term Liquidity The Company's primary cash requirements include working capital to support business operations, capital expenditures, and debt service obligations. The Company typically funds these needs through cash on hand, cash generated from operations, and, when necessary, borrowings under its credit facilities. In addition, the Company has benefited from cash proceeds from international business sales, including proceeds from the recent sale of its business in Spain, which it intends to use to further reduce outstanding debt, subject to the outcome of the Merger. The Company believes its sources of liquidity will be sufficient to meet its cash requirements for at least the next 12 months. Long-Term Liquidity The Company's long-term cash requirements depend on a variety of factors, including business growth, investments in digital conversions and new technologies, the timing and completion of the Merger, and costs related to the Merger. The Company also has long-term cash requirements related to the repayment of outstanding debt, which currently matures between 2028 and 2033. Generally, the Company may repay indebtedness as it matures through refinancing transactions or, from time to time, opportunistic repurchases of outstanding debt securities through open market purchases, privately negotiated transactions, or other means. The Company conducted such repurchases in 2025. Any future repurchase activity will depend on prevailing market conditions, the Company's liquidity needs, contractual restrictions, and the outcome of the Merger. Such repurchases could materially impact the Company's liquidity, results of operations, or leverage ratios and, as a result, its ability to comply with the covenants in its debt agreements. The amounts involved in any such transactions may be material. The Company believes that its sources of liquidity will be adequate to meet its long-term cash requirements. However, its ability to meet these requirements through cash from operations will depend on its future operating results and financial performance, which are subject to uncertainty and may be affected by factors beyond its control, including macroeconomic conditions, interest rates, inflation, global trade policies, geopolitical developments, and the timing and completion of the Merger. In addition, the Company's significant interest payment obligations reduce its financial flexibility, increase its sensitivity to changes in operating performance and economic conditions, and reduce its liquidity over time. In prior periods, the Company has explored financing alternatives and undertaken transactions to improve its liquidity, including additional financing from banks or other lenders, public or private debt or equity offerings, and strategic partnerships, as well as refinancing its indebtedness. Under the terms of the Merger Agreement, the Company's ability to pursue such actions is currently limited. If the Merger is not consummated, the Company may seek to pursue similar transactions in the future. There can be no assurance that such financing or liquidity-generating transactions, including refinancing, will be available in sufficient amounts, at reasonable interest rates, on acceptable terms, or at all, due to market conditions, the Company's financial condition, or other factors beyond its control. In addition, the terms of the Company's debt agreements may limit its ability to incur additional indebtedness. If the Company is unable to generate sufficient cash from operations or secure supplemental liquidity as needed, its financial condition and ability to meet its obligations could be adversely affected. Cash Requirements Working Capital Needs Site lease payments represent the Company's most significant recurring operating cash requirement and consist of payments for land or space used by its advertising displays. These arrangements include both fixed minimum payments and revenue-sharing components under lease and non-lease contracts. For the six months ended June 30, 2026 and 2025, site lease expense for continuing operations was $312.5 million and $293.6 million, respectively, and is included in direct operating expenses in its Consolidated Statements of Income (Loss). Site lease expense includes the effects of straight-line rent and other non-cash adjustments and, as a result, may differ from cash payments made during the period. The Company expects to fund its site lease and other working capital obligations primarily through cash generated from operations. Capital Expenditures The Company's capital expenditures primarily relate to the construction, enhancement, and maintenance of its out-of-home advertising displays, including continued investment in digital displays as part of its long-term strategy to digitize its network. The Company expects to fund its capital expenditures primarily through cash generated from operations. The following summarizes capital expenditures for the six months ended June 30, 2026, and 2025: For the six months ended June 30, 2026, capital expenditures for continuing operations totaled $29.735 million, compared to $26.058 million for the same period in 2025. Capital expenditures for the America segment were $21.67 million, compared to $18.646 million in 2025, while Airports capital expenditures were $5.891 million, compared to $4.793 million. Other capital expenditures were $31,000, compared to $52,000, and Corporate capital expenditures were $2.143 million, compared to $2.567 million. Capital expenditures for discontinued operations (1) totaled $5.588 million for the six months ended June 30, 2026, compared to $16.022 million for the same period in 2025. As a result, total capital expenditures (2) were $35.323 million for the six months ended June 30, 2026, compared to $42.080 million in the prior-year period. Footnotes: (1) Capital expenditures for discontinued operations decreased following the sales of the Company's former Europe-North segment and Latin American businesses in 2025. (2) As of June 30, 2026 and 2025, the Company had accrued but unpaid capital expenditures for continuing operations of $6 million and $3.5 million, respectively. For discontinued operations, accrued but unpaid capital expenditures were $0.8 million and $1.3 million, respectively. Debt Service Obligations A significant portion of the Company's cash requirements relates to debt service obligations. During the six months ended June 30, 2026 and 2025, the Company paid cash interest of $205.8 million and $210.2 million, respectively. The decrease in 2026 primarily reflects the reduction in outstanding indebtedness resulting from the repayment of the $375 million CCIBV Term Loan Facility on March 31, 2025, and the repurchase of the $229.7 million aggregate principal amount of senior unsecured notes in the second quarter of 2025 for a total cash payment of $203.4 million, including accrued interest and related fees. This decrease was partially offset by the impact of the Aug. 2025 senior secured notes refinancing, including the first semi-annual interest payments on the 7.125% and 7.500% Senior Secured Notes, which occurred during the current-year period, as well as higher interest expense associated with the new debt. Based on the Company's outstanding indebtedness as of June 30, 2026, and assuming no debt prepayments, repurchases, refinancings, or issuances, the Company expects to pay approximately $197 million of cash interest during the second half of 2026 and approximately $394 million in 2027. These amounts reflect the Company's capital structure as of June 30, 2026, and do not give effect to any financing transactions that may occur in connection with, upon, or following the consummation of the Merger, or the potential application of the net proceeds from the sale of the Company's business in Spain to reduce its outstanding indebtedness. The Company's next significant debt maturities are currently in 2028, when the $899.3 million aggregate principal amount of 7.750% Senior Notes and the $425.0 million under its term loan facility become due. For additional details on the Company's outstanding long-term debt, refer to Note 5 to its Condensed Consolidated Financial Statements in Item 1 of Part I of this Quarterly Report on Form 10-Q. Sources of Capital and Liquidity Cash on Hand As of June 30, 2026, the Company had $202.3 million of cash and cash equivalents, including $10.1 million held by discontinued operations in Spain and $5.5 million held by continuing operations subsidiaries outside the U.S. At present, excess cash held by the Company's foreign subsidiaries could be repatriated with minimal U.S. tax consequences, and dividend distributions from international subsidiaries are not expected to result in a U.S. federal income tax liability. Cash Flow from Operations During the six months ended June 30, 2026, net cash provided by operating activities was $47.8 million, compared to $2.3 million during the same period in 2025. The increase was primarily driven by stronger operating performance in both the America and Airports segments, lower cash payments for income taxes of $5.7 million due to a smaller international operating footprint and lower cash interest payments of $4.4 million, as discussed above. These increases in cash flow from operations were partially offset by $12.2 million of transaction costs paid in the current-year period related to the Merger and the non-recurrence of $10.1 million in insurance proceeds received in the prior-year period related to the ongoing process to recover certain amounts previously incurred in connection with a resolved legal matter. Dispositions During the six months ended June 30, 2026, the Company received net cash proceeds of $5.8 million from asset dispositions. These proceeds were partially offset by the payment of $4.5 million for transaction-related costs and final post-closing adjustments primarily associated with its Latin American business dispositions. During the six months ended June 30, 2025, the Company received net cash proceeds of $589.3 million from the sale of its former Europe-North segment and certain Latin American businesses. A portion of these proceeds was used to fully prepay the $375.0 million CCIBV Term Loan Facility, with the remainder used to improve liquidity and financial flexibility, as permitted under its debt agreements. The Company also received $10.0 million of cash proceeds from asset dispositions. On Aug. 4, 2026, the Company completed the sale of its business in Spain for a purchase price of approximately $132.3 million. The Company intends to use the net proceeds, after customary post-closing adjustments and the payment of transaction-related fees and expenses, to further reduce its outstanding debt, subject to the outcome of the Merger. Credit Facilities The Company has access to a revolving credit facility and a receivables-based credit facility, each of which includes sub-facilities for letters of credit and short-term borrowings and currently matures on June 12, 2030. As of June 30, 2026, the Company had no borrowings outstanding and significant available capacity under its credit facilities. The following presents borrowing limits, letters of credit outstanding, and excess availability under these credit facilities as of June 30, 2026: As of June 30, 2026, the Company had total borrowing limits (1) of $300.0 million under its credit facilities, consisting of a $100 million revolving credit facility and a $200.0 million receivables-based credit facility. There were no borrowings outstanding under either facility. Letters of credit outstanding (2) totaled $94.5 million, including $7 million under the revolving credit facility and $87.6 million under the receivables-based credit facility. The Company had a total excess availability of $205.5 million, consisting of $93 million under the revolving credit facility and $112.4 million under the receivables-based credit facility. Footnotes: (1) As of June 30, 2026, the revolving credit facility commitment is $100.0 million, and the maximum commitment under the receivables-based credit facility is $200.0 million (capped by a borrowing base that fluctuates based on the Company's accounts receivable balance, as calculated under the receivables-based credit agreement). (2) As of June 30, 2026, the letter of credit outstanding under the revolving credit facility related to the Company's former business in Spain. On Aug. 4, 2026, the Company completed the sale of this business, and the related letter of credit was canceled. (3) Due to rounding, totals may not sum exactly as presented. Debt Covenants The Company's debt agreements contain covenants as described in the 2025 Form 10-K. As of June 30, 2026, the Company was in compliance with all applicable covenants. The Senior Secured Credit Agreement includes a springing financial covenant that applies only if the revolving credit facility has an outstanding balance or if undrawn letters of credit under that facility exceed $10 million. If triggered, the covenant requires that the Company maintain a first lien net leverage ratio of less than 7.10 to 1.00. As of June 30, 2026, these conditions were not met, and the covenant was not in effect. Pending Merger-Related Debt Actions In connection with the Merger, during the second quarter of 2026, the Company amended the indentures governing its senior secured notes, the Senior Secured Credit Agreement, and its receivables-based credit agreement to provide that the Merger will not constitute a change of control under the applicable debt documents and to add or amend certain related defined terms. The supplemental indentures relating to the senior secured notes and the amendment to the Senior Secured Credit Agreement are effective but will become operative only upon consummation of the Merger, while the amendment to the receivables-based credit agreement will become effective upon consummation of the Merger. Upon becoming effective, the amendment to the receivables-based credit agreement will also, among other things, extend the maturity date to a date that is five years from the consummation of the Merger and increase the revolving credit commitments from $200.0 million to $250.0 million. The Company has also issued conditional notices of redemption for its outstanding senior unsecured notes. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/2ve8tjnp. About Clear Channel Outdoor Holdings, Inc. Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is at the forefront of driving innovation in the out-of-home advertising industry. Clear Channel's dynamic advertising platform is broadening the pool of advertisers using its medium through the expansion of digital billboards and displays and the integration of data analytics and programmatic capabilities that deliver measurable campaigns that are simpler to buy. By leveraging the scale, reach, and flexibility of Clear Channel's diverse portfolio of assets, it connects advertisers with millions of consumers every month. * * * In Feb. 2026, S&P Global Ratings placed all its ratings on Clear Channel Outdoor Holdings Inc. (CCOH), including the 'CCC+' Company credit rating, on CreditWatch with positive implications. S&P expects to resolve the CreditWatch at the close of the transaction. At that time, it will likely raise its rating by at least one notch based on its expectation of positive free operating cash flow (FOCF) going forward. CCOH announced that it will be acquired by a group of investors through a take-private transaction. Moreover, Moody's Ratings has placed all of Clear Channel Outdoor Holdings, Inc.'s credit ratings on review for upgrade, including the Caa1 corporate family rating, the Caa1-PD probability of default rating, the B2 senior secured notes and senior secured bank credit facilities ratings (including the revolving credit facility (RCF) and Term Loan B (TLB)), and the Caa3 senior unsecured notes ratings. Previously, the outlook was stable. The company's SGL-2 Speculative Grade Liquidity Rating (SGL) remains unchanged. CLOUDERA INC: New Mountain Finance Marks $13.9MM 1L Loan 22% Off ---------------------------------------------------------------- New Mountain Finance Corp has marked its $13,989,000 debt investment in Cloudera, Inc. to market at $10,919,000 or 78% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to Cloudera, Inc. The 1L loan accrues interest at 7.49% per annum. The 1L loan matures in October 2028. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About Cloudera, Inc. Limited information about Cloudera, Inc. was available in the filing beyond its role as a loan borrower. COFIX-RX LLC: Seeks to Hire Accurso & Associates as Accountants --------------------------------------------------------------- CoFix-RX, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ Accurso & Associates, PC as accountants. The firm will render these services: (a) assist the Debtor in preparing its year-end reports for the tax year ending December 31, 2025; (b) prepare the Debtor's income tax return for the tax year ending December 31, 2025, and any other returns that the Debtor needs assistance with may come due during the pendency of this case; (c) perform all necessary accounting services and provide all other necessary accounting advice to the Debtor in connection with this Chapter 11, Subchapter V case. (d) assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; (e) take all necessary action to protect and preserve the interests of the Debtor; (f) appear, as appropriate, before this Court, the Appellate Courts, and other courts in which matters may be heard and to protect the interests of the Debtor before said courts and the United States Trustee; and (g) perform all other necessary legal services in this case. Debra Accurso, CPA, the primary accountant in this representation, will be billed at her hourly rate of $200, plus reimbursement. On the petition date, the Debtor had an outstanding balance due in the amount of $2,282.50. Mr. Accurso 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: Debra A. Accurso, CPA Accurso & Associates, PC 1625 W. Big Beaver Rd. C Troy, MI 48084 About CoFix-Rx LLC CoFix-Rx, LLC is a Farmington, Michigan-based company that produces hygiene products in the USA. The company offers CofixRX nasal solution and throat spray products for use in nasal passage, throat, and body hygiene routines. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-44926) on April 29, 2026, with $2,485,751 in assets and $3,281,674 in liabilities. Ryan Tobias, member or manager, signed the petition. Judge Lisa S. Gretchko presides over the case. The Debtor tapped Lynn M. Brimer, Esq., at Strobl PLLC as counsel and Debra A. Accurso, CPA, at Accurso & Associates, PC as accountants. COLUMBIA POST: Seeks Chapter 11 Bankruptcy in Pennsylvania ---------------------------------------------------------- On July 28, 2026, Columbia Post #1306, Catholic War Veterans Home Association filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Pennsylvania. According to court filings, the Debtor reports between $500,000 and $1 million in assets and between $100,000 and $500,000 in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) meeting to be held on September 3, 2026 at 02:00 PM at Zoom.us - McCollum: Meeting ID 161 1489 1038, Passcode 9343375369, Phone 1 (646) 828-7666. Summary of Assets and Liabilities Due August 11, 2026. About Columbia Post #1306, Catholic War Veterans Home Association Columbia Post #1306, Catholic War Veterans Home Association is a Columbia, Pennsylvania-based veterans' organization. The association operates under several business names and manages a 1.08-acre property that includes a medical office and pavilion. Columbia Post #1306, Catholic War Veterans Home Association sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-13168) on July 28, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $100,000 to $500,000. The filing follows a June 2026 judgment totaling $214,228 and a subsequent sheriff's sale notice involving its North 7th Street property. Judge Patricia M Mayer presides over the case. James K. Jones, Esq. at CGA Law Firm, P.C. serves as the Debtor's counsel. CONVEY HEALTH: Ares Capital Marks $1.9MM 1L Loan at 21% Off ----------------------------------------------------------- Ares Capital Corporation has marked its $1.9MM first lien senior secured loan to Convey Health Solutions, Inc. to market at $1.5MM, or 79% of the outstanding amount, according to Ares Capital's 10-Q for the fiscal quarter ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Convey Health Solutions, Inc. The first lien senior secured loan accrues interest at 5% per annum and matures in July 2029. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About CONVEY HEALTH SOLUTIONS, INC. Convey Health Solutions, Inc. is a healthcare technology and services company that provides technology-enabled, compliance-focused solutions to support Medicare Advantage and other government-sponsored health plans. CONVEY HEALTH: New Mountain Marks $13.06MM 1L Loan 87% Off ---------------------------------------------------------- New Mountain Finance Corp has marked its $13,060,000 first lien loan to Convey Health Solutions, Inc. to market at $1,635,000 or 13% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended August 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to Convey Health Solutions, Inc. The first lien loan accrues interest at 9.08% per annum. The loan matures in July 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212)720-0300 About Convey Health Solutions, Inc. Limited information is available about Convey Health Solutions, Inc. from the filing. CONVEY HEALTH: New Mountain Marks $2.1MM 1L Loan 87% Off -------------------------------------------------------- New Mountain Finance Corp has marked its $2,181,000 first lien loan to Convey Health Solutions, Inc. to market at $273,000 or 13% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended August 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to Convey Health Solutions, Inc. The first lien loan accrues interest at 9.08% per annum. The loan matures in July 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About Convey Health Solutions, Inc. Limited information is available about Convey Health Solutions, Inc. from the filing. CRAFTEDWILD INC: Seeks Approval to Hire Bach Law as Legal Counsel ----------------------------------------------------------------- CraftedWild, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Bach Law Offices, Inc. as counsel. The firm's services include: (a) represent the Debtor in matters concerning negotiation with creditors; (b) prepare a plan and disclosure statement; (c) examine and resolve claims filed against the estate; (d) prepare and prosecute adversary matters; and (c) otherwise represent each Debtor in matters before this Court. The firm received an initial retainer paid in the amount of $8,000. Paul Bach, Esq., an attorney at Bach Law Offices, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul M. Bach, Esq. Bach Law Offices, Inc. P.O. Box 1285 Northbrook, IL 60062 Telephone: (847) 564-0808 About CraftedWild Inc. CraftedWild Inc. is a full-service cabinetry manufacturer and retailer based in Vernon Hills, Illinois. CraftedWild filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-09442) on June 3, 2026, with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Paul M. Bach, Esq., at Bach Law Offices, Inc. represents the Debtor as counsel. DB ASSETS: Seeks to Tap Rountree Leitman Klein & Geer as Counsel ---------------------------------------------------------------- DB Assets LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Rountree, Leitman, Klein & Geer, LLC as counsel. The firm will render these services: (a) give the Debtor legal advice with respect to its powers and duties in the management of its property; (b) prepare on behalf of the Debtor necessary legal papers; (c) assist in examination of the claims of creditors; (b) assist with formulation and preparation of the disclosure statement and plan of reorganization and with the confirmation and consummation thereof; and (e) perform all other legal services for the Debtor may be necessary herein. The firm will be paid at these hourly rates: William Rountree, Attorney $645 Will Geer, Attorney $645 Michael Bargar, Attorney $555 Hal Leitman, Attorney $550 David Klein, Attorney $545 Ceci Christy, Attorney $475 Elizabeth Childers, Attorney $445 Shawn Eisenberg, Attorney $445 Johnathan Clements, Attorney $445 Caitlyn Powers, Attorney $425 AnnaClaire Bowman, Attorney $375 Dorothy Sideris, Paralegal $250 Ryley Jones, Paralegal $200 Megan Winokur, Paralegal $200 Lisa Lawson, Paralegal $200 Catherine Williams, Paralegal $200 Catherine Smith, Paralegal $200 Law Clerk $175 The firm received a pre-petition retainer of $15,000 from the Debtor. Mr. Rountree 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: Will A. Rountree, Esq. Rountree Leitman Klein & Geer, LLC Century I Plaza 2987 Clairmont Road, Suite 350 Atlanta, GA 30329 Telephone: (404) 584-1238 About DB Assets DB Assets, LLC, a company in Marietta, Ga., engages in residential building construction, focusing on the development of new single-family and multi-family housing. It also undertakes remodeling and renovation projects for existing homes. DB Assets sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-55062) on May 5, 2025. In its petition, the Debtor reported estimated assets between $1 million and $10 million and estimated Liabilities between $500,000 and $1 million. Judge Paul Baisier oversees the case. The Debtor is represented by Rountree, Leitman, Klein & Geer, LLC as counsel. DESIGN MOVES: Seeks Cash Collateral Access ------------------------------------------ Design Moves, LLC asks the U.S. Bankruptcy Court for the Southern District of Florida, Miami Division, for authority to use cash collateral and provide adequate protection. The Debtor needs to utilize cash collateral to fund regular operating expenses, administrative costs, and maintain compliance with U.S. Trustee guidelines while continuing operations as a going concern. The Debtor identifies three secured creditors that may hold blanket liens on its tangible and intangible personal property via UCC-1 financing statements registered in Florida: TD Bank, N.A., the U.S. Small Business Administration, and Newtek Small Business Finance, LLC. To protect these creditors' interests pursuant to 11 U.S.C. section 361(2), the Debtor proposes granting interim replacement liens to the same extent and validity as their pre-petition liens. Additionally, the Debtor proposes giving any future unsecured creditors' committee 30 days from the entry of an interim order to challenge the validity, priority, or extent of the secured creditors' liens. A copy of the motion is available at https://urlcurt.com/u?l=GRAWBa from PacerMonitor.com. About Design Moves LLC Design Moves LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-17625) on June 10, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Scott M. Grossman presides over the case. Winston I. Cuenant, Esq., at Cuenant & Pennington PA represents the Debtor as legal counsel. DIGGERS EXCAVATION: Gets OK to Use Cash Collateral Until Aug. 31 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, New Bern Division, entered a fifth interim order authorizing Diggers Excavation and Grading, Inc. to use cash collateral. Under the fifth interim order, the Debtor is authorized to use cash collateral in accordance with an approved budget covering the period from August 1 to 31, with a 10% variance permitted for individual budget line items. The authority remains effective unless superseded by another cash collateral order, terminated for cause, or expires on August 31. The Debtor projects total operational expenses of $33,274.61 for August. As adequate protection, secured creditors will be granted liens extending to post-petition assets to the extent they held valid and enforceable pre-petition liens. However, the order preserves the rights of the Debtor and other parties to challenge the validity, enforceability, or priority of any pre-petition liens. The order also provides that these protections survive modification, conversion to Chapter 7, or dismissal of the bankruptcy case. The Debtor is further required to remain current on all post-petition tax obligations, including payroll and sales taxes, and may not dispose of assets outside the ordinary course of business without consent or court approval. A continued hearing is scheduled for September 1. About Diggers Excavation and Grading Inc. Diggers Excavation and Grading Inc is a construction services company engaged in excavation, grading, and demolition for residential and commercial projects. Diggers Excavation and Grading sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-01783) on April 21, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Bobbie Lisa Ayala, president of Diggers Excavation and Grading, signed the petition. Judge Pamela W. McAfee oversees the case. George Mason Oliver, Esq., at the Law Offices of George Oliver, PLLC, represents the Debtor as bankruptcy counsel. DIOCESE OF BURLINGTON: Creditors Sue Vermont Catholic Parishes -------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that the unsecured creditors committee in the Roman Catholic Diocese of Burlington's bankruptcy has filed suit against the diocese, along with affiliated parishes and schools, in an effort to recover assets for creditors. The lawsuit adds to the legal disputes surrounding the Vermont diocese's Chapter 11 case. The committee is challenging the treatment and ownership of certain assets held by the diocese and its affiliated entities. It contends that property and other resources potentially available to creditors should be examined and, where legally appropriate, brought into the bankruptcy estate, the report states. The lawsuit could affect the pool of assets available to resolve claims in the bankruptcy, particularly those asserted by survivors of alleged clergy sexual abuse. The committee is seeking relief that would preserve and maximize estate assets for distribution under the bankruptcy process, according to report. About Roman Catholic Diocese of Burlington Vermont The Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, PA as bankruptcy counsel and Obuchowski Law Office as local counsel. DIOCESE OF BURLINGTON: Survivors Panel Wins Right to Sue in Ch. 11 ------------------------------------------------------------------ The Official Committee of Unsecured Creditors in the Chapter 11 case of the Roman Catholic Diocese of Burlington, Vermont, Case No. 24-10205 (Bankr. D. Vt.), has been granted standing by the District of Vermont U.S. Bankruptcy Court to pursue claims on behalf of the Diocese and its estate, claims the Diocese itself refused to bring. As the debtor, the Diocese is responsible for maximizing funds available to pay its creditors, but here it refused to initiate actions to recover funds from its parishes and schools. The Court, therefore, gave the Committee the authority to pursue such actions. Acting on that authority, the Committee has filed an adversary complaint against the Diocese, Bishop John J. McDermott, and dozens of parishes and schools across Vermont. The Committee is represented by Pachulski Stang Ziehl & Jones LLP. Judge Heather Z. Cooper's July 28, 2026 ruling found that the Committee's claims are colorable and likely to benefit the estate, and that the Diocese had unjustifiably declined to pursue them. The Committee's complaint, filed three days later, asks the Court to declare that the Diocese's parishes and schools are not independent legal entities but operating divisions of the Diocese itself and that the "Parish Trusts" the Diocese created in 2006 are self-settled trusts, subject to survivors' claims. In 2006, the Diocese transferred property it had valued at roughly $405 million into those trusts for one dollar apiece, while keeping control of the assets through trust documents. The complaint seeks to avoid those transfers as fraudulent and to recover the assets for the estate and its creditors, including over one hundred survivors of child sexual abuse. "The parishes aren't separate, and the trusts aren't valid," said PSZJ Partner Brittany Michael, counsel for the Committee. "It's one Diocese, hiding its own money from the people it harmed. We now can prove that in Court." None of the allegations in the complaint has been adjudicated. The defendants will have the opportunity to respond. About Roman Catholic Diocese of Burlington The Roman Catholic Diocese of Burlington sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Vt. Case No. 24-10205) on Sept. 30, 2024. In the petition signed by Reverend John Joseph McDermott, bishop, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Heather Z. Cooper oversees the case. The Debtor tapped James Baillie, Esq., at Fredrikson & Byron, P.A. as bankruptcy counsel and Obuchowski Law Office as local counsel. DNA ELECTRICAL: Gets Extension to Access Cash Collateral -------------------------------------------------------- DnA Electrical, L.L.C. received third interim approval from the U.S. Bankruptcy Court for the Middle District of Florida, Fort Myers Division, to use cash collateral. Under the third 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/GrlwT from PacerMonitor.com. The court scheduled the next hearing for September 9. 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. DOC'S DIVINE: Gets Interim OK to Use Cash Collateral Until Sept. 1 ------------------------------------------------------------------ Doc's Divine Properties, LLC received interim approval from the U.S. Bankruptcy Court for the Northern District of Alabama, Northern Division, to use cash collateral through September 1. The Debtor's primary secured creditor is ServisFirst Bank, which holds multiple pre-petition obligations totaling approximately $1.6 million secured by real estate mortgages, assignments of rents, and recorded UCC-1 financing statements covering all tangible and intangible personal property, leases, inventory, and accounts receivable. ServisFirst's pre-petition positions include a $22,679 balance secured by a future advance mortgage and rents on the Sheffield Property, a $1,332,837 balance secured by a mortgage and rents on the Madison Property, and an additional $250,000 future advance mortgage on the Madison Property. Subordinate interests in cash collateral include the Alabama Department of Revenue, which filed tax liens totaling $14,254 in December 2025, and Enterprise Bank & Trust, which holds a $2 million mortgage and rent assignment on the Madison Property without a recorded UCC-1 financing statement in county records. To prevent an immediate shutdown of operations and preserve its business as a going concern, the Debtor needs to use its cash collateral to pay necessary operating expenses including critical utility services for its short-term rental business—and court-approved professional fees. The Debtor's submitted cash-basis budget projects monthly revenues exceeding operating expenses by approximately $7,004. As adequate protection under 11 U.S.C. section 361(2), the Debtor offers granting ServisFirst and any other properly perfected secured creditors replacement liens on post-petition rents, leases, and accounts receivable to the same extent and priority as their pre-petition liens, subordinate only to a carveout for allowed professional fees under Sections 330 and 331. The replacement liens would be automatically deemed perfected as of the petition date without additional filings, while reserving all parties' rights regarding lien validity and valuation under Section 506. The order is available at http://bankrupt.com/misc/DocsDivine_CCOrder38.pdf A final hearing is set for September 2. About Doc's Divine Properties LLC Doc's Divine Properties, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-81630) on July 22, 2026, with up to $10 million in both assets and liabilities. Dr. Laurentis Barnett, chief executive officer of Doc's Divine Properties, signed the petition. Judge Clifton R. Jessup, Jr. oversees the case. Kevin D. Heard, Esq., at Heard, Ary & Dauro, LLC, represents the Debtor as legal counsel. Linda Gore serves as Subchapter V trustee for the Debtor. DREAM FINDERS: S&P Places 'BB-' ICR on CreditWatch Negative ----------------------------------------------------------- S&P Global Ratings placed its ratings on Jacksonville, Fla.-based Dream Finders Homes Inc. (DFH), including its 'BB-' issuer credit rating, on CreditWatch with negative implications. S&P said, "We expect to resolve the CreditWatch placement when the transaction closes. At such time, we could lower the rating by one or more notches, or, less likely, we could affirm the issuer credit rating. As part of our review, we will consider DFH's pro forma business risk, expected leverage, time frame for reducing leverage amid macroeconomic headwinds, and overall credit risk." The CreditWatch placement reflects DFH's heightened credit risk stemming from the potential increase in near-term leverage, its current leverage amid macroeconomic headwinds, and integration complexities with a lower rated entity. While the transaction expands DFH's scale and geographic footprint, the shift in capital structure warrants close monitoring. S&P could lower the rating by one or more notches, or, less likely, it could affirm the issuer credit rating based on the final financing terms, assessed business risk, and pro forma leverage realization. Elevated leverage poses a significant risk to the current 'BB-' rating. DFH's rolling-12-month leverage was 5.7x as of June 30, 2026, significantly exceeding our 4.0x downgrade threshold. S&P said, "We estimate S&P Global Ratings-adjusted, pro forma leverage could remain above 4.0x, which is weak for the 'BB-' rating. Though specific funding mechanisms remain undetermined, this is DFH's largest acquisition to date. The influx of new debt required to fund the purchase price, combined with the assumption of Beazer's existing obligations, will result in a material uptick in the total debt/EBITDA ratio. We are monitoring whether post-transaction leverage will jeopardize creditworthiness during a cyclical downturn. Furthermore, increased interest expenses will pressure interest coverage ratios, reducing the margin of safety amid mortgage rate volatility." The acquisition of a lower-rated entity complicates the immediate deleveraging path. Incorporating Beazer Homes, currently rated 'B-' with a negative outlook, introduces inherent near-term risks. S&P expects the process of building operational efficiencies and reducing debt to be protracted. While the transaction increases scale, the credit benefits of synergies are deferred whereas the debt-related risks are immediate. Enhanced scale provides long-term, though delayed, credit stability. The acquisition offers immediate diversification across DFH's existing markets and improved purchasing power. In the long term, DFH's ability to utilize land banking arrangements and generate stronger consolidated cash flows should reduce leverage. However, the realization of these efficiencies depends entirely on successful integration and the mitigation of operational disruptions. S&P said, "We plan to resolve the CreditWatch placement when the transaction closes, which we expect to occur in the fourth quarter of 2026, subject to customary closing conditions, including receipt of required regulatory approvals. At that time, we could lower the rating by one or more notches, or, less likely, we could affirm the issuer credit rating. As part of our review, we will consider DFH's financing structure, time frame for reducing leverage, and increased scale." DURAND HEALING: Seeks Subchapter V Bankruptcy in Arizona -------------------------------------------------------- On July 28, 2026, Durand Healing and Wellness Center, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Arizona, Phoenix Division. According to court filings, the Debtor reports between $50,000 and $100,000 in assets and between $500,000 and $1 million in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on September 1, 2026 at 09:00 AM via Chapter 11 Teleconference Call in number: 1-888-330-1716, Passcode: 4038524. Subchapter V Small Business Plan Deadline set for October 26, 2026. About Durand Healing and Wellness Center, LLC Durand Healing and Wellness Center, LLC is a Phoenix, Arizona-based mental health and behavioral health services provider. The company operates three locations in Phoenix, Tempe and Cave Creek, while also offering virtual care. Its services focus on trauma, neurodivergence and chronic pain management. Durand Healing and Wellness Center, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-07470) on July 28, 2026. In its petition, the Debtor reports estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. The center employs approximately five to 10 licensed clinicians and maintains business contracts with schools, religious institutions and first responder agencies. Honorable Bankruptcy Judge Eddward P. Ballinger Jr. handles the case. The Debtor is represented by Joann Falgout, Esq. of Davis Miles, PLLC. ECHOSTAR CORP: Moody's Appends 'LD' Designation to PDR ------------------------------------------------------ Moody's Ratings has appended a limited default (LD) designation to EchoStar Corporation's (EchoStar) probability of default rating, changing it to B3-PD/LD from B3-PD, following the Chapter 11 bankruptcy filing on August 2, 2026 by Hughes Satellite Systems Corporation (Hughes) and certain of its wholly-owned subsidiaries in the United States Bankruptcy Court for the District of Texas. The "/LD" designation will be removed in several business days. Hughes' senior secured notes ratings were downgraded to Caa2 from Caa1 and its senior unsecured notes ratings were downgraded to Ca from Caa3, reflecting Moody's estimates of recovery at default. Moody's will withdraw all ratings of Hughes due to this bankruptcy filing in several business days. There is no change to EchoStar's B3 corporate family rating. There is also no change to the B1 ratings on EchoStar's senior spectrum secured notes and the Caa2 rating on DISH Network Corporation's (DISH) senior unsecured convertible note. The stable outlooks for EchoStar, Hughes, and DISH are unaffected. EchoStar's speculative grade liquidity rating (SGL) was upgraded to SGL-1 from SGL-2, reflecting very good liquidity. A comprehensive review of all credit ratings for the respective issuer(s) has been conducted during a rating committee. RATINGS RATIONALE Subsequent to the actions, Moody's will withdraw the rating(s) of Hughes Satellite Systems Corporation, a wholly-owned subsidiary of EchoStar Corporation, following the Chapter 11 bankruptcy filing of Hughes Satellite Systems Corporation. EchoStar's B3 CFR reflects very high consolidated debt leverage (Moody's adjusted) of over 20x for the latest 12 months ended June 30, 2026, which includes the results of DBS despite the filing of Chapter 11 bankruptcy cases (DBS Chapter 11 Cases) on June 30, 2026 by DISH DBS Corporation (DBS, a wholly-owned subsidiary of DISH) and certain of its subsidiaries, including DISH Wireless L.L.C. and its subsidiaries. Results of Hughes are also included for the period ended June 30, 2026 given the August 2, 2026 Chapter 11 filing by Hughes and certain of its wholly-owned subsidiaries. DBS is now deconsolidated from EchoStar's consolidated operating results for reporting periods after June 30, 2026, and Moody's expects Hughes will be deconsolidated for reporting periods after June 30, 2026 as well. The B3 CFR also reflects risks associated with EchoStar's future business strategy and the potential for increased debt issuances and M&A activity. Prior to the DBS Chapter 11 Cases and the Chapter 11 filing by Hughes, Moody's expected EchoStar's consolidated debt leverage (Moody's adjusted) to improve to 9.4x and 4.4x at year-end 2026 and 2027, respectively. Per company guidance, Moody's assumes the DBS Chapter 11 Cases will be resolved by late September or early October 2026; resolution of the Chapter 11 filing by Hughes is currently uncertain. While EchoStar continues to face growth difficulties at its legacy operating businesses (including those of Hughes and DBS which are both currently both in bankruptcy), capital intensity is now lower following the company's exit from its facilities-based wireless business in 2025. The company's spectrum sales to AT&T Inc. (AT&T, Baa2 stable) and Space Exploration Technologies Corp. (SpaceX, Baa1 stable), the latter pending close under a complicated two-step process expected to be completed in November 2027, are transforming EchoStar's liquidity position, contributing to significant debt reduction over the next 12-18 months. EchoStar will soon be partly a passive investment vehicle, with a sizable equity stake in SpaceX as consideration for a portion of its sold spectrum to SpaceX, and partly a portfolio of siloed operating businesses housed at various subsidiaries, including DBS and Hughes which are currently both in bankruptcy. EchoStar's business operations at DBS (which is in bankruptcy) will continue to face steady and continued subscriber losses due to persistent secular pressures on linear TV caused by consumers' changing video consumption behavior. The hybrid mobile network operator (MNO) wireless operation remaining at DISH still operates with negative free cash flow and high subscriber churn, highlighting difficult operating fundamentals in a competitively intense end market. However, Moody's believes the wireless operations are likely to begin generating positive free cash flow during 2026. Subscriber growth at the wireless operation turned slightly positive in 2025. However, DISH's hybrid MNO reseller business model is highly vulnerable to its need to contract with facilities-based wireless competitors for wholesale capacity. The company's current services agreement with AT&T does extend through 2035 with two 2-year extensions after the original contract ends in 2031, and this provides a reasonable level of certainty for growing wireless revenue under a non-facilities-based strategy. Despite its sizable spectrum sales to AT&T and SpaceX, the company will still retain some spectrum licenses, such as its CBRS spectrum, that it could potentially choose to deploy in certain areas within its nationwide service footprint where wireless subscriber penetration is sufficiently high enough to justify such deployment and to help offset the negative impact of wholesale capacity costs on margins. Declining subscribers, revenue and EBITDA at Hughes resulted in a $1.4 billion non-cash impairment charge in the fiscal year ended December 31, 2025. With the spectrum sale to SpaceX, which is a competitor of Hughes, and EchoStar's sizable equity stake in SpaceX, EchoStar's residential internet service via satellite offerings under the HughesNet brand create conflict with SpaceX's Starlink residential broadband service offerings. Hughes also competes with Starlink as a provider of inflight broadband connectivity to commercial airlines. Hughes was recently selected by Air India to provide inflight connectivity solutions across the airline's mixed widebody fleet. EchoStar has entered into a fee-based referral program that lets the company refer existing Hughes customers and new customers to Starlink. EchoStar still believes Hughes' business operations, which also include a satellite gateway equipment and hardware operation, remain viable in competitive end markets with an appropriate capital structure. EchoStar's rating also considers that the company's controlling shareholder, Charles Ergen, has a demonstrated willingness to be highly acquisitive and to generally avoid equity dilution to the detriment of creditors, as supported by efforts in recent years to incent debtholders to forfeit portions of their debt principal through coercive debt exchanges. The rating is additionally constrained by the company's extremely limited transparency regarding fiscal policy and financial guidance. As of June 30, 2026, EchoStar had $1.5 billion of restricted and unrestricted cash and cash equivalents and marketable investment securities combined. On July 28, 2026 the company received spectrum sale proceeds of $20.3 billion in cash from AT&T, of which Moody's believes around $10 billion remains on the consolidated balance sheet which supports the SGL-1 rating. The company has no revolving credit facility. EchoStar's Credit Impact Score of CIS-5 reflects the company's historic financial strategy and risk management policies and willingness to operate with very elevated debt leverage and limited financial flexibility. EchoStar's weak governance is also driven by the company's poor transparency with investors, including regarding its financial policies or credit metric targets. In addition, the company faces negative exposure to secular societal trends in its pay-TV business at DBS, which is now in bankruptcy, which generates a still sizable portion of the company's consolidated revenue and profits. This declining linear pay-TV distribution business will continue to face substantial risk from social and demographical trends as consumers move to direct-to-consumer video-on-demand services and continue to cancel their traditional linear bundled pay-TV services. DISH, now operating under a hybrid MNO business model given its abandonment of a facilities-based model following the sale of spectrum assets, still faces significant operating and competitive challenges growing its subscribers and delivering stable and positive free cash flow. The company's board of directors lacks independence. The stable outlook reflects Moody's expectations that EchoStar will maintain very good liquidity over the next 12 to 18 months. Moody's expects the company will invest residual cash from spectrum sale proceeds in a prudent and diversified manner into new businesses that deliver growth to help offset declines in its pay-TV operations or enhance its hybrid MNO wireless operations. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS EchoStar's ratings could be upgraded with steady and consistent operating performance which includes: 1) solid growth in wireless subscribers and wireless churn mitigation at DISH, 2) slowing subscriber losses, solid free cash flow generation and steady debt paydowns at DBS while in bankruptcy and post its bankruptcy exit, 3) stabilization of operating trends at Hughes while in bankruptcy and post its bankruptcy exit, and 4) evidence that future strategic investments are credit accretive. EchoStar's ratings could be downgraded if the company's liquidity position and operating performance or ability to service its debt deteriorates. Headquartered in Englewood, Colorado, EchoStar Corporation is a provider of technology, networking services and television entertainment and connectivity. The company offers consumer, enterprise and government solutions through its various subsidiaries, including Hughes Satellite Systems Corporation, DISH Network Corporation (DISH) and DISH DBS Corporation (a wholly-owned subsidiary of DISH). The principal methodology used in these ratings was Telecommunications Service Providers published in December 2025. ECLUDE INC: Seeks to Hire Bradford Cox & Madhavani as Accountant ---------------------------------------------------------------- Eclude, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Bradford Cox & Madhavani as accountant. The firm will render these services: (a) review the Debtor's financial status and determine those accounting and financial changes which are appropriate and necessary; (b) assist the Debtor to determine if post-petition financing is appropriate and if so to assist it to obtain such financing; (c) review the Debtor's financial records and assist counsel to determine what avoidance actions, if any, should be brought against insiders and others for the benefit of the estate; (d) prepare tax returns, to handle audits and to take steps necessary to reduce the estate's liabilities; and (e) render other accountancy services for the Debtor for which accounting services may be necessary during this case. The firm will be paid for general accounting assistance and reporting at $135 per hour and tax preparation at $1,400 per hour. The firm received a retainer of $4,000 from the Debtor. Sarah Cox, a partner at Bradford Cox & Madhavani, 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: Sarah Cox Bradford Cox & Madhavani 1058 West Ave. M-14, Suite B Palmdale, CA 93551 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. C.D. Cal. 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. Judge Neil W. Bason oversees the case. The Debtor tapped Steven R. Fox, Esq., as counsel and Sarah Cox at Bradford Cox & Madhavani as accountant. ECTOR COUNTY HOSPITAL: Moody's Assigns 'Ba2' Issuer Rating ---------------------------------------------------------- Moody's Ratings has assigned a Ba2 issuer rating to Ector County Hospital District, TX and confirmed the district's Baa2 general obligation limited tax (GOLT) bond rating. This action concludes the review that was initiated on May 28, 2026 with an uncertain direction and reflects the application of the updated Not-for-profit Healthcare methodology. The outlook is stable. The district has approximately $24.7 million in outstanding debt. RATINGS RATIONALE The Ba2 issuer rating reflects the district's essential role as a public healthcare provider in Ector County and the broader West Texas region, supported by a stable demand base, broad clinical capabilities, and meaningful property and sales tax revenue available to support operations. These strengths are balanced by low liquidity of 68 days cash on hand, an above-average age of plant, and a weak adjusted leverage profile driven by unfunded pension obligations and an energy as a service agreement. Variable financial performance is a credit challenge, though the organization is undertaking several strategic initiatives and budgeting for financial improvement under a new financial leadership team. Operating improvement initiatives include projects related to an ambulatory surgery center, progressive care unit expansion, and behavioral health joint venture with Midland County Hospital District, TX. The Baa2 GOLT rating reflects the district's large and growing tax base and an A economic assessment, supported by the strength of the Permian Basin economy despite its concentration in the cyclical oil and gas industry. The rating also benefits from a dedicated tax levy that provides stable support for operations and debt service. RATING OUTLOOK The stable outlook reflects Moody's expectations that the district will achieve budgeted financial improvements while preserving liquidity at approximately current levels. The outlook assumes no material increase in direct debt and continued property and sales tax support. FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS -- Maintenance of days cash on hand above 80 days and improvement in adjusted cash and investments relative to debt -- Ability to fund capital expenditures while maintaining strong liquidity -- Maintenance of EBIDA margin in the high single digits FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS -- Reduction in liquidity with sustained decline in days cash below 60 days -- Material and sustained decline in tax revenue or supplemental funding -- Materially higher leverage from increased debt, resulting in weaker adjusted debt-to-revenue and debt-to-cash flow metrics PROFILE Ector County Hospital District is located in the Permian Basin region of west Texas and coterminous with Ector County. The region is well known for its oil and gas reserves which drives economic activity in the county and surrounding area. The district operates Medical Center Hospital, a 402 licensed bed tertiary care facility located in Odessa, the county's largest city, and serves as a referral center for the 17 county Permian Basin region. As of 2025 the county had approximately 170,555 residents. METHODOLOGY The principal methodology used in these ratings was Not-for-profit Healthcare published in May 2026. EVENTIDE CREDIT: Trustee Seeks to Tap David French as Accountant ---------------------------------------------------------------- Mark Andrews, the trustee appointed in the Chapter 11 case of Eventide Credit Acquisitions, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ David French & Associates LLC as accountant. The firm's services include: (a) prepare and file tax returns for the 2025 tax year, i.e. 1065 Partnership Tax Returns and Annual 1099-NEC Filing; and, (b) prepare any related forms and provide any necessary related accounting services. The firm will be paid at a flat fee of $6,250. David French, CPA 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: David French, CPA David French & Associates, LLC 609 Castle Ridge Rd Ste. 445 Austin, TX 78746 Telephone: (512) 829-8002 About Eventide Credit Acquisitions LLC Eventide Credit Acquisitions, LLC, a Dallas-based company, and BWH Texas LLC filed Chapter 11 petitions (Bankr. N.D. Tex. Lead Case No. 23-90007) on Sept. 6, 2023 and Oct. 9, 3023, respectively. At the time of the filings, Eventide reported between $50 million and $100 million in both assets and liabilities while BWH reported assets of between $10 million and $50 million and liabilities of up to $50,000. Judge Mark X. Mullin oversees the cases. The Debtors tapped Forshey Prostok as bankruptcy counsel and Donlin, Recano & Company, Inc. as notice, claims and balloting agent. Mark Andrews, the Chapter 11 trustee for Eventide, tapped DLA Piper LLP (US) as bankruptcy counsel; PHELANLAW and Vartabedian Hester & Haynes, LLP as special counsel; Trinity River Advisors, LLC as financial advisor; and David French & Associates LLC as accountant. The U.S. Trustee for Region 6 appointed an official committee of unsecured creditors. Cole Schotz, PC and Aurora Management Partners serve as the committee's legal counsel and financial advisor, respectively. FALLS OF PARRAMATTA: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, entered a third interim order authorizing Falls of Parramatta, LP and Falls of Town Park, LP to continue using cash collateral. Under the third interim order, the Debtors are authorized to use rental income and other cash collateral solely in accordance with an approved operating budget to maintain apartment properties, provide tenant services, and administer the bankruptcy cases. Cash collateral use must remain within 5% cumulative total operating cost and 10% cumulative line-item budget variances. The order recognizes that Federal Home Loan Mortgage Corporation (Freddie Mac) holds valid first-priority liens on the Debtors' apartment properties, rents, and related collateral securing loans totaling approximately $48.73 million. The loans include $26.814 million for Falls of Parramatta and $22.184 million for Falls of Town Park. The Debtors acknowledge the debt, the validity of Freddie Mac's liens, and that the loans are in default. As adequate protection, Freddie Mac will be granted receives replacement liens on post-petition collateral, a superpriority administrative expense claim, reimbursement of lender fees and expenses, and monthly payments of $60,000 ($30,000 per Debtor). Additional safeguards include complying with strict reporting and operational requirements, maintaining insurance, and allowing Freddie Mac to inspect the Debtors' properties and records. The Debtors must comply with bankruptcy milestones including obtaining confirmation of a Chapter 11 plan or approval of a sale of the properties within 90 days of the petition date, unless Freddie Mac agrees otherwise. Failure to comply with the budget, reporting obligations, insurance requirements, milestones, or other terms may constitute an event of default, allowing Freddie Mac to seek termination of cash collateral use and other remedies after notice and, where applicable, an opportunity to cure. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/ieOFp from PacerMonitor.com. About Falls of Parramatta LP Falls of Parramatta, LP own and manage two apartment communities. Falls of Parramatta and Falls of Town Park, LP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90598) on June 2, 2026. At the time of the filing, the Debtors reported between $10 million and $50 million in both assets and liabilities. Judge Alfredo R. Perez oversees the cases. Susan Tran Adams, Esq., at Tran Singh, LLP, represents the Debtors as legal counsel. FALLS OF PARRAMATTA: Hearing Today on Bid to Appoint Ch.11 Trustee ------------------------------------------------------------------ The Hon. Christopher M. Lopez will hold a hearing today, Aug. 11, in Houston, Texas, to consider a stipulation and agreed order among: 1. Kevin M. Epstein, the United States Trustee for Region 7; 2. Federal Home Loan Mortgage Corporation; and 3. Falls of Parramatta, LP and Falls of Town Park, LP to vacate the designation of Robert C. Warren III, who was recently appointed as the Debtors' Chief Restructuring Officer, and for the appointment of a Chapter 11 trustee. The U.S. Trustee was not a party to the Debtors' Unopposed Emergency Motion for Expedited Consideration of (I) Application for Entry of an Order Authorizing Retention of R & K Interests, Inc. D/B/A Investors' Property Services and Designation of Robert C. Warren as Chief Restructuring Officer and (II) Application for Entry of an Order Authorizing Employment of R & K Interests, Inc. D/B/A Investors' Property Services as Property Manager. The Unopposed Motion was granted without a hearing, without the expiration of applicable objection deadlines, and without the Debtors filing a certificate of no objection; and should be vacated. The parties agree that the success of these cases requires an outside party to be brought in to manage these estates, cause exists for the appointment of a chapter 11 trustee under 11 U.S.C. sec. 1104, and the appointment is in the best interest of creditors and these estates. The Debtors and Freddie Mac desire for the U.S. Trustee to appoint Mr. Warren as the Chapter 11 Trustee in these cases. Today's hearing will be held at 1:30 p.m. On Aug. 10, Judge Lopez said that, for the avoidance of doubt, the Order designating Mr. Warren as CRO remains in effect until it is vacated. The Order Authorizing the Debtors to Employ R & K Interests, Inc. D/B/A Investors' Property Services as Property Manager remains in full force and effect. The U.S. Trustee is represented by: C. Ross Travis, Esq. 515 Rusk Avenue, Suite 3516 Houston, TX 77002 Telephone: (202) 603-5225 Email: C.Ross.Travis@usdoj.gov The Debtors are represented by: Susan Tran, Esq. Brendon Singh, Esq. TRAN SINGH LLP 2502 La Branch Street Houston, TX 77004 Telephone: (832) 975-7300 Facsimile: (832) 975-7301 Email: STran@ts-llp.com BSingh@ts-llp.com Counsel for Federal Home Loan Mortgage Corporation: Demetra Liggins, Esq. Dairanetta Spain, Esq. MCGUIREWOODS LLP Texas Tower 845 Texas Ave., 24th Floor Houston, TX 77002-2906 Telephone: (713) 571-9191 Facsimile: (713) 571-9652 Email: dliggins@mcguirewoods.com dspain@mcguirewoods.com About Falls of Parramatta LP Falls of Parramatta, LP own and manage two apartment communities. Falls of Parramatta and Falls of Town Park, LP sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90598) on June 2, 2026. At the time of the filing, the Debtors reported between $10 million and $50 million in both assets and liabilities. Judge Alfredo R. Perez oversees the cases. Susan Tran Adams, Esq., at Tran Singh, LLP, represents the Debtors as legal counsel. FIRST BRANDS: Exchange Final Arguments with Ch. 11 Plan Objectors ----------------------------------------------------------------- Alex Wittenberg of Law360 reports that First Brands Group defended its Chapter 11 plan in closing arguments Friday, August 7, 2026, telling a Texas bankruptcy judge that the proposal represents a reasonable resolution of its financial collapse and the best available avenue for creditors seeking repayment on billions of dollars in claims. The company pushed back against a series of objections raised during the confirmation proceedings. Counsel for First Brands argued that keeping the restructuring within Chapter 11 would preserve value and give creditors a better recovery than converting the cases to Chapter 7 or pursuing other alternatives. The company has faced extensive scrutiny over its finances, including billions of dollars of funded debt and additional liabilities connected to supply-chain financing and factoring arrangements, the report states. The confirmation hearing follows months of negotiations and revisions to the company's restructuring strategy. First Brands unveiled a new version of its plan in June after an earlier proposal failed to gain the court's approval to proceed to a creditor vote. The bankruptcy judge subsequently allowed the revised plan to move forward while rejecting a bid by the U.S. Trustee to derail the Chapter 11 cases through dismissal or conversion, according to Law360. About First Brands Group First Brands Group, LLC, is a global supplier of aftermarket automotive parts, based in Rochester Hills, Michigan. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on Sept. 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The Committee has hired M3 Advisory Partners, LP, as Financial Advisor; Cole Schotz P.C. as Efficiency and Local Counsel; and Brown Rudnick LLP as Co-Counsel. The U.S. Trustee has proposed Martin De Luca, Esq., at Boies Schiller Flexner LLP as Chapter 11 examiner. FLEUR DE LIS: Updates Louisiana Works Priority Claim Pay -------------------------------------------------------- Fleur De Lis Whole Healthcare LLC submitted a First Amended Plan of Reorganization under Subchapter V dated July 30, 2026. Fleur De Lis Whole Healthcare LLC is a Louisiana limited liability company based in New Orleans that operates a physician-owned healthcare practice. The practice provides concierge medicine, primary care, telehealth consultations, hormone replacement therapy, chronic disease management, preventative healthcare, and medical weight-loss services. The company filed for Chapter 11, Subchapter V bankruptcy to reorganize its financial affairs while continuing to provide uninterrupted patient care. Before filing, the practice experienced liquidity challenges due to loan obligations owed to Hancock Whitney Bank, credit card debt, and other business liabilities, which limited its ability to reinvest in operations and expand the practice. Since the bankruptcy filing, the debtor has remained operational, continued treating patients, generated ongoing revenue, and maintained continuity of care. The reorganization is intended to preserve the medical practice, maximize recoveries for creditors, and allow the practice to continue serving the community. Under the proposed plan: * General unsecured creditors (Class 4) include the unsecured deficiency portion of Hancock Whitney Bank's claims, JPMorgan Chase Bank, American Express, and other allowed trade, vendor, credit card, and nonpriority unsecured claims. Louisiana Works/Workforce Commission is excluded from this class and treated separately as a priority claim. * The unsecured deficiency portion of Hancock Whitney Bank's claim is the amount exceeding its allowed secured claim of $91,500.00. * Holders of allowed general unsecured claims will receive pro rata distributions of $360.00 per month for 60 months, funded from the debtor's projected disposable income. * Additional distributions may be made from excess disposable income, litigation recoveries, settlements, or other extraordinary recoveries if the debtor chooses or if required by court order. * The debtor believes unsecured creditors will receive a greater recovery under the plan than they would in a Chapter 7 liquidation. The Louisiana Works/Workforce Commission holds an allowed priority claim of $187.49, which will be paid in full on the first distribution date unless different treatment is agreed upon. The plan will be funded through the continued operation of the healthcare practice and income generated from its medical services. The debtor projects sufficient disposable income to satisfy secured claims, administrative expenses, priority claims, and distributions to unsecured creditors. The debtor notes that revenue is seasonal, with lower receipts during spring months and stronger performance in the fall. The accompanying 60-month cash flow projection reflects these seasonal fluctuations, assumes no revenue growth, reduces owner compensation during lower-revenue periods, and projects that the business will remain cash-positive throughout the duration of the plan. A full-text copy of the Amended Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=oR6LFt from PacerMonitor.com at no charge. Counsel to the Debtor: Ralph Bickham, Esq. Bickham Law Practice LLC 650 Poydras St. New Orleans, LA 70130 Telephone: (504) 584-5730 About Fleur De Lis Whole Healthcare Fleur De Lis Whole Healthcare LLC, is a Louisiana limited liability company with its principal place of business in New Orleans, Louisiana. The Debtor filed a Chapter 11 bankruptcy petition (Bankr. E.D. La., Case No. 26-10688) on March 24, 2026. The Debtor hires Bickham Law Practice LLC as counsel. FORTUNA STONEWORKS: Seeks to Hire Bull Realty as Estate Broker -------------------------------------------------------------- Fortuna Stoneworks, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Bull Realty, Inc. as real estate broker. The firm will assist in listing and marketing the Debtor's real property located at 155 Hunt D., Rossville, Georgia for sale, identify potential purchasers, assist with related negotiation, and assist to consummate any purchase and sale agreement. The firm will receive a commission of 6 percent of the gross sales price of the property. Michael Wess, a real estate agent at Bull Realty, 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: Michael Wess Bull Realty, Inc. 50 Glenlake Parkway, Suite 600 Atlanta, GA 30328 Telephone: (404) 876-1640 Email: MWess@BullRealty.com About Fortuna Stoneworks LLC Fortuna Stoneworks, LLC is a stone fabrication and installation company serving East Tennessee, North Alabama, and North Georgia. Fortuna Stoneworks filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-40736) on May 4, 2026. In the petition signed by Partha Chakraborty, manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Paul W. Bonapfel oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC represents the Debtor as counsel. The U.S. Trustee for Region 21 appointed Todd Hennings, Esq., at Macey, Wilensky & Hennings, LLP as Subchapter V trustee for the Debtor. FREEDOM FOREVER: Judge Plans to OK Ch. 11 to Ch. 7 Conversion ------------------------------------------------------------- Ben Zigterman of Law360 Bankruptcy Authority reports that solar power company Freedom Forever is poised to have its bankruptcy converted to Chapter 7 after a Delaware judge said he would approve the request once the debtor adds provisions on turnover and reporting. The court's decision marks a significant step toward winding down the company through liquidation. The judge asked that the proposed conversion order include additional language detailing Freedom Forever's obligations to turn over property and submit required reports. The provisions are intended to facilitate an orderly handoff of the estate and provide transparency as the bankruptcy transitions to Chapter 7, the report relays. After the revisions are made, the conversion is expected to take effect and place the case under Chapter 7 administration. A trustee will oversee the company’s remaining assets and the process for paying eligible creditor claims from available proceeds, according to Law360. About Freedom Forever Freedom Forever is a California-based home solar panel installer. Freedom Forever sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-10522) on April 15, 2026. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Curtis S. Miller, Esq. of Morris Nichols Arsht & Tunnell. GAINWELL HOLDING: S&P Places (P) 'B-' Debt Rating on Watch Pos. --------------------------------------------------------------- S&P Global Ratings placed all its ratings on Veritas Capital-backed Gainwell Holding Corp., including the 'CCC+' issuer credit rating and 'B-' rating on its first-lien debt, on CreditWatch with positive implications. Gainwell announced that it will refinance and extend its capital structure, addressing significant near-term maturities and improve liquidity. S&P expects mid-single-digit percent revenue growth and modest margin improvement the next two years, modest deleveraging and more consistent free cash generation. S&P said, "We assigned a preliminary 'B-' rating to the proposed five-year term loan B and placed it on CreditWatch positive. We expect the company will use the proceeds along with the proceeds of other first lien secured debt to be issued in the near term to refinance. the $4.25 billion term loan maturing October 2027 and cover transaction expenses. The '2' preliminary recovery rating indicates our expectation of meaningful (70%-90%; rounded estimate: 70%) recovery for lenders in a payment default. "The CreditWatch reflects that we expect to raise our rating on Gainwell to 'B-' and our issue-level ratings to 'B' once it completes the refinancing, provided that any potential increase in interest expense doesn't undermine sustainable, positive free cash flow. "The CreditWatch with positive implications reflects our view of Gainwell's refinancing. We expect the transaction will address significant approaching maturities (October 2027) and improve liquidity. It also reflects our expectation that the company will more consistently generate free cash flow. We expect the company will improve revenue in the mid-single-digit percentages throughout fiscal years 2027 and 2028 (ending in March)." The transaction also involves extending the $380 million revolving credit facility (unrated) and $1.459 billion second-lien term loan (unrated). For fiscal 2026, Gainwell increased revenue approximately 5%, fueled by product expansion and a notable rise in bookings. S&P said, "We believe the faster pace of digital advancement and analytics services will spur long-term growth in the company's IT products, positioning Gainwell effectively to navigate the shifting technology needs of government health plans. In addition, we believe the company's strategic pursuit of additional contracts related to the newly introduced Rural Health Transformation Collaborative Program will provide a substantial revenue tailwind. With approximately $50 billion in federal funding allocated to this program, including $10 billion for technology and data, there is a significant opportunity to provide digital infrastructure, data analytics, and operational support. We expect Gainwell's focus on state government priorities such as cybersecurity enhancements, telehealth implementation, and electronic health record system upgrades will support sustained revenue and EBITDA margin growth." Efficiency initiatives will improve margin pressure in 2026. Gainwell's margins fell about 200 basis points (bps) in the second and third quarters, attributed to elevated development costs associated with various expansion initiatives. S&P said, "However, we view these as transitory challenges as management actively pursues aggressive cost-reduction and productivity programs to offset them. We anticipate Gainwell will improve margins about 50 bps annually in fiscal years 2027 and 2028." S&P said, "Furthermore, we believe that the company's ongoing focus on Medicaid modernization and the availability of government funding for rural health will support stable margin accretion. We maintain that the execution of these cost-management strategies would assist broader growth objectives and maintain its competitive edge in the healthcare software sector. "More consistent free cash flow will support a 'B-' rating, we expect. Recent free cash flow deficits until the third quarter of 2026 (ended December 2025) were partially the result of working capital outflow for increased investments and timing differences in customer payments. We anticipate that free cash flow will be at least modestly positive in fiscal 2027 with further improvement in fiscal 2028, supported by steady revenue and margin expansion and less working capital volatility. "We expect gradual deleveraging. We forecast that S&P Global Ratings-adjusted leverage will improve about 0.5x annually in 2027 and 2028 from 8.7x in fiscal 2026. Given private equity sponsor ownership, we expect Gainwell will generally maintain high leverage. "We expect to resolve the CreditWatch following the refinancing transaction and raise the issuer credit rating on Gainwell to 'B-' and our issue-level ratings to 'B', provided any potential increase in interest expense doesn't undermine our expectation for sustainable, positive free cash flow. We would also look for S&P Global Ratings-adjusted EBITDA interest coverage (burdening it with capitalized software costs) to remain above 1x, including payment-in-kind (PIK) components." GENESIS HEALTH: Amends Unsecured Claims Pay Details --------------------------------------------------- Genesis Healthcare, Inc., and its affiliates submitted a Disclosure Statement describing Amended Joint Chapter 11 Plan dated July 30, 2026. Genesis Healthcare is an operator of 168 licensed skilled nursing and independent living facilities across 16 states, serving more than 16,000 residents daily with over 25,000 employees. Although its corporate history dates back to 1985, the current company was formed in 2015 through mergers and acquisitions. At its peak, Genesis operated more than 500 facilities in 34 states, but after years of divestitures and closures, its portfolio had been reduced to approximately 175 facilities by the start of its Chapter 11 bankruptcy cases. As part of the bankruptcy process, a Second Auction was held on January 13, 2026. After five rounds of bidding and more than $100 million in additional value over the replacement stalking horse bid, 101 W State Street Holdings LLC ("State Street") was selected as the Successful Bidder, while Genie 3 was named the Back-Up Bidder. The Bankruptcy Court approved the sale of substantially all of the Debtors' assets on January 26, 2026. The plan establishes treatment for three groups of General Unsecured Claims: * Class 6-B: Claims against the Ancillary Business & JV Debtors (GUC Distribution Group 2). * Class 6-C: Claims against the HoldCo Non-Facility Debtors (GUC Distribution Group 3). * Class 6-D: Claims against the DivestCo Debtors (GUC Distribution Group 4). For each of these classes, holders of allowed claims will receive their pro rata share of: * GUC Distribution Assets, * GUC Distribution Interests, and * Any allocated cash, through a Liquidation Trust, with distributions governed by the GUC Distribution Model. These distributions fully satisfy and discharge the applicable unsecured claims. The Plan also provides that, upon the Effective Date, it serves as a good faith compromise and settlement of all claims, interests, and disputes relating to creditors' rights, distributions, and corporate transactions under the bankruptcy proceedings. It further resolves issues concerning whether the debtors' estates should be treated separately and how liquidation and sale proceeds should be allocated among the various debtors. These settlements become binding on the debtors, creditors, and all parties receiving distributions. If the Sale Transaction is completed, the remaining assets will be transferred to a Liquidation Trust and a Wind-Down Trust. The Wind-Down Trustee will oversee the winding down of the estates, and the reorganized entities will be dissolved after necessary license transfers. Trust assets will then be administered and distributed according to the Plan. If the Asset Purchase Agreement (APA) is terminated and the sale does not close, the Plan provides for a Restructuring Transaction instead. Under this alternative, the reorganized debtors would continue operating as a going concern. A formal Restructuring Transaction Toggle Notice would be required, extending key voting and objection deadlines by at least 21 days and establishing a schedule for supplemental financial information. If no toggle notice is filed, the Debtors will proceed with the approved Sale Transaction and will not pursue the restructuring alternative. A full-text copy of the Disclosure Statement dated July 30, 2026 is available at https://urlcurt.com/u?l=eJHUozfrom Epiq Corporate Restructuring, LLC, claims agent. Counsel for the Debtors: Marcus A. Helt, Esq. Jack G. Haake, Esq. Grayson Williams, Esq. MCDERMOTT WILL & EMERY LLP 2801 N. Harwood Street, Suite 2600 Dallas, Texas 75201-1574 Tel: (214) 295-8000 Fax: (972) 232-3098 Email: mhelt@mwe.com jhaake@mwe.com gwilliams@mwe.com - and - Daniel M. Simon, Esq. Emily C. Keil, Esq. William A. Guerrieri, Esq. MCDERMOTT WILL & EMERY LLP 444 West Lake Street, Suite 4000 Chicago, Illinois 60606 Tel: (312) 372-2000 Fax: (312) 984-7700 Email: dsimon@mwe.com ekeil@mwe.com wguerrieri@mwe.com About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GENETCO INC: Claims to be Paid from Asset Sale Proceeds ------------------------------------------------------- Genetco, Inc. filed with the U.S. Bankruptcy Court for the Eastern District of New York a First Amended Disclosure Statement describing First Amended Plan of Reorganization dated July 27, 2026. Genetco, Inc. is a New York corporation headquartered in Ronkonkoma, New York. Since 1985, it has operated as a wholesale distributor of generic pharmaceuticals, developing a distribution platform serving retail pharmacies and other healthcare providers. The Plan seeks to maximize the value of the Debtor's business through a court-supervised marketing and sale process. Rather than liquidating assets individually, the Plan proposes selling the business as a going concern through ownership of the reorganized company. The Debtor believes that preserving its pharmaceutical licenses, regulatory approvals, customer and supplier relationships, workforce, inventory, accounts receivable, and goodwill as an integrated business will produce greater value than selling those assets separately. Before and after filing Chapter 11, the Debtor marketed the business for sale. An electronic data room containing financial and operational information was established for prospective buyers. Interested purchasers have been invited to conduct due diligence. Creditors and industry participants have been informed that the business is available for acquisition as a going concern. The Debtor is also engaging an auctioneer to market the business to potential purchasers and will continue seeking competing offers throughout the sale process. Before filing bankruptcy, the Debtor entered into a Plan Sponsorship Agreement with Genetco Acquisition, LLC, which agreed to serve as the initial stalking horse purchaser. The stalking horse bid establishes the baseline transaction against which competing offers will be evaluated. If a higher or otherwise better offer is approved by the Bankruptcy Court, that bidder will become the purchaser instead. Accordingly, confirmation of the Plan does not guarantee that the stalking horse purchaser will acquire the business. Class 2 consists of all general unsecured claims not otherwise classified. Holders of allowed Class 2 claims are entitled to vote on the Plan. In full satisfaction of their claims, they will receive: * Their pro rata share of distributions from the Plan Fund. * A fund created on the Effective Date equal to the lesser of: -- $50,000, or -- 1% of the total amount of allowed general unsecured claims. * A pro rata share of any net recoveries from Excluded Assets, after payment of recovery expenses, allowed administrative claims, priority claims, and other required Plan payments. Because the sale process remains ongoing, recoveries from the Excluded Assets are uncertain, and the total amount of allowed claims has not yet been determined, the Debtor cannot estimate the final percentage recovery for unsecured creditors. The Debtor believes recoveries under the Plan will exceed those available through an immediate liquidation. Ownership of the Reorganized Debtor: * Ownership of the reorganized Debtor will transfer to the successful purchaser under the confirmed Plan. * The Plan Sponsor will receive newly issued shares of the reorganized Debtor on the Effective Date reflecting its ownership interest. After confirmation and satisfaction of all closing conditions, the successful purchaser will acquire the Debtor's business as a going concern through ownership of the reorganized Debtor. Sale proceeds and any other property available under the Plan will be distributed according to the Bankruptcy Code and the Plan. The Debtor expects the business to continue operating under new ownership after closing. A full-text copy of the First Amended Disclosure Statement dated July 27, 2026 is available at https://urlcurt.com/u?l=RJk2j2 from PacerMonitor.com at no charge. The Debtor's Counsel: Robert J. Spence, Esq. SPENCE LAW OFFICE, P.C. 55 Lumber Road Roslyn, NY 11576 Tel: (516) 972-7981 E-mail: rspence@spencelawpc.com About Genetco Inc. Genetco, Inc. is a Ronkonkoma, New York-based generic pharmaceutical distributor that supplies generic drugs from pharmaceutical manufacturers to pharmacies, hospitals and other health-care facilities. Founded in 1986, the company operates from a 24,000-square-foot facility and distributes products through licenses covering 48 states. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-72195) on May 29, 2026, with $670,393 in assets and $5,170,929 in liabilities. Carol Reinbold, president, signed the petition. Judge Sheryl P. Giugliano presides over the case. Robert J. Spence, at SPENCE LAW OFFICE, P.C., is the Debtor's legal counsel. GLACIER CAR: Claims to be Paid from Continued Operations -------------------------------------------------------- Glacier Car and Dog Wash, LLC filed with the U.S. Bankruptcy Court for the District of Colorado a Subchapter V Plan of Reorganization dated July 30, 2026. Glacier Car and Dog Wash, LLC operates a dog and car wash facility in Thornton, Colorado. The debtor purchased land and constructed the wash facilities using financing obtained in 2020. The Debtor filed for bankruptcy due to several financial challenges, including increased construction costs after COVID-related inflation, which added approximately $250,000 to expenses. Additionally, the secured construction and operating loan had a variable interest rate that increased from 6% to 11%, significantly raising the cost of carrying the debt. After construction was completed, road construction near the facility made access more difficult, and dry weather in 2025 reduced demand for cash washes. The proposed bankruptcy plan separates creditors and ownership interests into classes, with creditors in each class receiving similar treatment. A class is considered unimpaired if the plan does not alter the creditor's existing legal, contractual, or equitable rights. Under the plan: Class 5 general unsecured creditors will receive pro rata distributions from an Unsecured Creditor Account. * Beginning the first full month after the plan’s effective date, the debtor will make monthly deposits into the account for three years: -- Year 1: $640.65 per month -- Year 2: $1,024.26 per month -- Year 3: $1,429.24 per month * At the end of each calendar quarter, funds in the account will first be distributed to allowed administrative claims until paid in full, and then to Class 5 unsecured creditors on a pro rata basis. * Any recoveries from avoidance actions will be distributed first to administrative claims and then to Class 5 creditors, after deducting attorney fees and costs. The decision to pursue such actions remains at the debtor's discretion. Class 6 ownership interests are unimpaired. Upon confirmation of the plan, current ownership holders will retain their interests in the debtor. The debtor will establish a separate Unsecured Creditor Account at a federally insured commercial bank on the effective date of the plan to manage payments required under the plan. The debtor believes the plan is feasible and will be funded through continued business operations. Financial projections indicate that the company expects to generate sufficient cash flow and profits during the plan term to meet its obligations to creditors while covering operating expenses. The projections show sufficient income to make creditor payments during years one through four of the plan period. A full-text copy of the Subchapter V Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=eMiSem from PacerMonitor.com at no charge. Counsel to the Debtor Aaron A. Garber, Esq. Wadsworth Garber Warner Conrardy, PC 2580 West Main Street, Suite 200 Littleton, CO 80120 Telephone: (303) 296-1999 Facsimile: (303) 296-7600 Email: agarber@wgwc-law.com About Glacier Car and Dog Wash Glacier Car and Dog Wash, LLC, operates a combined dog wash and car wash facility in Thornton, Colorado. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-13121-KHT) on May 4, 2026. In the petition signed by Seana Cabral, vice president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Kimberley H. Tyson oversees the case. Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C., is the Debtor's legal counsel. GLASS MANAGEMENT: Court Extends Cash Collateral Access to Aug. 31 ----------------------------------------------------------------- Glass Management Services, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use the cash collateral of Old National Bank. The court extended the Debtor's authority to use cash collateral to August 31 to pay expenses in accordance with its budget, which projects total operational expenses of $207,643.01 for August. Spending must not exceed 110% of the total amount set forth in the budget. Old National Bank's interest in the assets will be protected by replacement liens on post-petition assets. The bank will also be granted a superpriority administrative expense claim in case of diminution in value of its collateral and will continue to receive monthly payments of $30,000 from the Debtor, which the bank can automatically debit from the Debtor's account. The monthly payments started in December last year. The debtor's authority to use cash collateral expires on August 31, 2026, unless extended by the court. As further protection, the Debtor was ordered to keep the bank's collateral insured. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/rvlMy from PacerMonitor.com. A continued hearing on the cash collateral motion is scheduled for August 26. Old National Bank is the holder of two loans made to the Debtor. The loans are secured by a first priority security interest over all business assets of the Debtor granted to the bank. As of September 25, 2024, the balance due in the aggregate against each of the loans was not less than $4,046,480.56. About Glass Management Glass Management Services, Inc. is a construction contractor based in Illinois, specializing in glazing services. Established with a focus on high-profile projects, the company has been involved in significant developments, including the Obama Presidential Library, Terminal 5 at O'Hare Airport, and multiple Chicago Public Schools and CTA transit stations. Glass Management Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 24-14036) with $3,029,997 in assets and $11,989,444 in liabilities. Ernest B. Edwards, president of Glass Management Services, signed the petition. Judge Janet S. Baer presides the case. The Debtor tapped David P. Leibowitz, Esq., at Leibowitz, Hiltz & Zanzig, LLC as bankruptcy counsel and Allocco, Miller & Cahill, PC as special labor counsel. Old National Bank, as secured creditor, is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com GLENS FALLS: Seeks Approval to Hire Kerr deVoe as Closing Attorney ------------------------------------------------------------------ Glens Falls RE Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of New York to employ the Kerr deVoe PC as closing attorney. The Debtor needs an attorney to represent its interest in the closing of the sale of its real properties, as necessary. James Kerr, Esq., the primary attorney in this representation, will be billed at his hourly rate of $425. The firm received an initial retainer of $2,500 from the Debtor. Mr. Kerr 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: James D. Kerr, Esq. Kerr DeVoe PC 12 Cornell Road Latham, NY 12110 About Glens Falls Re Holdings Inc. Glens Falls RE Holdings, Inc., a company that is primarily engaged in renting and leasing real estate properties, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 24-10274) on Mar. 11, 2024. In the petition signed by Stephen Frank, president, the Debtor disclosed $1,734,366 in assets and $2,672,951 in liabilities. Michael Boyle, Esq., at Boyle Legal, LLC serves as the Debtor's legal counsel. GREATBATCH LTD: Moody's Puts 'Ba3' CFR on Review for Downgrade -------------------------------------------------------------- Moody's Ratings placed the ratings of Greatbatch Ltd.'s (Greatbatch, a wholly-owned subsidiary of Integer Holdings Corporation) on review for downgrade, including the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, and Ba1 ratings on its senior secured first lien credit facilities. The speculative grade liquidity rating remains unchanged at SGL-1. Previously, the outlook was stable. The review for downgrade is prompted by the announcement on August 3, 2026, that Integer Holdings, a publicly-traded company, has entered into a definitive agreement to be acquired by funds managed by Kohlberg Kravis Roberts (KKR), representing an enterprise value of up to $5.7 billion. In April 2026, Integer announced a strategic review to maximize shareholder value. The transaction, which has been unanimously approved by Integer's Board of Directors, is expected to close by the end of this year, is subject to customary closing conditions, including approval by Integer's shareholders and receipt of required regulatory approvals. KKR will finance the transaction through its investment funds and committed debt financing. The review for downgrade reflects governance risk considerations related to the potential for more aggressive financial strategies including a more highly leveraged capital structure as a result of the take-private LBO. There are change of control provisions in Integer's existing first lien term loan debt; as a result Moody's expects it will be repaid in connection with the transaction. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings review will focus on the details of the financing that will be used to fund the buyout. These details include the sources of funding, financial leverage, and post-LBO capital structure. Financial policy under new sponsor ownership will also be considered. The company's forward liquidity position, business strategy, and deleveraging plans will also be key considerations. Excluding the ratings review, Greatbatch's Ba3 CFR reflect its solid market position in the highly fragmented medical device outsourcing sector and the stickiness of its business relationships due to high switching costs. The ratings benefit from top-line sales exceeding $1.8 billion and positive free cash flow. Ratings are constrained by modest market adoption of recently launched electrophysiology (EP) and neuromodulation products, and known sales declines from the anticipated exit of portable medical device sales by year end 2026. Moody's adjusted gross debt/EBITDA was 4.0x for the twelve months ended July 03, 2026. Headquartered in Plano, Texas, Integer Holdings Corporation (the parent of Greatbatch Ltd.) performs medical device outsourcing and contract manufacturing services, primarily for companies within the medical device industry. The company provides technologies and manufacturing contract services to medical device original equipment manufacturers in cardiac, neuromodulation, and vascular markets. Revenues for the last twelve months ended July 03, 2026 were approximately $1.8 billion. The principal methodology used in these ratings was Medical Products and Devices published in October 2025. HAWAII BREWERY: To Sell Keaau Property to Ke'aloha'lani for $1.9MM ------------------------------------------------------------------ Hawaii Brewery Development Co., Inc. seeks approval from the U.S. Bankruptcy Court for the District of Hawaii, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is known as Hawaiin Brewery Condominium Project located at Keaau, District of Puna, Hawaii. The Debtor wishes to sell the Property to Ke'aloha'lani II LLC as assignee of Ke'Aloha'Lani LLC for $1,949,278.63. In 2022, HBDC sold a lot of land to Ke'Aloha'Lani LLC for $3,250,000 and received, among other consideration, a promissory note (KAL Note) payable to HBDC at a rate of approximately $31,000 per month through September 2032. Under the terms of the sale agreement for the KAL Lot, title to the KAL Lot was to remain in HBDC until the KAL Note was paid in full. Debtor has recently been advised that Ke'Aloha'Lani LLC assigned its rights under the Sale Agreement to Ke'Aloha'Lani II LLC. Debtor has been advised that KAL wants to exercise its right under the Sale Agreement to take title to the KAL Lot and immediately pay the full balance of the KAL Note. The Sale Agreement at Section 4 authorizes KAL to prepay the KAL Note at any time. KAL has requested and said that it is important for the transfer of the KAL Lot be completed before August 31, 2026. The payment of the KAL Note will provide HBDC with approximately $1,900,000 in cash. The payment will provide sufficient liquidity to enable HBDC to pay all allowed claims in full. The secured creditors in the case total approximately $795,000 and the unsecured creditors total approximately $875,000. The U.S. Small Business Administration holds a first security interest in the KAL Note and is due approximately $94,000. The Bank of Hawaii holds a second security interest in the KAL Note. BOH is due approximately $700,000. The Debtor requests the transfer of the KAL Lot to KAL on receipt of the full balance of the KAL Note; HBDC to execute all documents reasonable or necessary to effectuate the transfer of the KAL Lot to KAL; HBDC to pay the full balances due the SBA and BOH at the closing of the transfer from the proceeds of the KAL Note; HBDC to pay any expenses reasonable or necessary to effectuate the transfer of the KAL Lot from the proceeds of the KAL Note. As KAL has a right under the Sale Agreement to prepay the KAL Note and take title to the KAL Lot, Debtor has no other real options other than to transfer the KAL Lot on payment of the KAL Note. Because the Sale Agreement was recorded, any purchaser would acquire title subject to KAL's contractual right to compel conveyance upon payment of the KAL Note. Accordingly, no competing market exists for the KAL Lot. About Hawaii Brewery Development Co. Inc. Hawaii Brewery Development Co., Inc. is a beverage industry development company engaged in brewery-related real estate, infrastructure, and commercial operations. Hawaii Brewery Development Co., Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Haw. Case No. 26-00311) on April 16, 2026. In its petition, the Debtor reports estimated assets in the range of $10 million to $50 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Robert J. Faris handles the case. The Debtor is represented by Lars Peterson, Esq. HOT DESERT: Seeks to Hire Ure Law Firm as Bankruptcy Counsel ------------------------------------------------------------ Hot Desert Springs, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Ure Law Firm as counsel. The firm's services include: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirement of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of its estate; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States trustee; (d) provide the Debtor legal advice and assist with respect to its powers and duties in the continued operation of its business and management of property of the estate; (e) assist the Debtor on the administration of the estate's assets and liabilities; (f) prepare necessary legal documents on behalf of the Debtor; (g) assist in the collection of all accounts receivable and other claims the Debtor may have resolve claims against its estate; (h) provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (l) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The firm will be paid at these hourly rates: Thomas Ure, Attorney $495 Associates $395 Law Clerks $295 Paralegals $195 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $16,500 from 1851 Slauson, LLC on behalf of the Debtor for this case. Mr. Ure 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: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Telephone: (213) 202-6070 Facsimile: (213) 202-6075 Email: tom@urelawfirm.com About Hot Desert Springs LLC Hot Desert Springs, LLC holds a 9.77-acre commercial land parcel in Riverside County, identified under APN 663280005, with an estimated value of $1.65 million. Hot Desert Springs sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10849) on April 22, 2026. The case is jointly administered in Case No. 26-90564. In the petition signed by Robert Haro, managing member, the Debtor disclosed up to $1,650,000 in total assets and up to $1,541,309 in total liabilities. The Debtor tapped Thomas B. Ure, Esq., at Ure Law Firm as counsel. HOUGHTON MIFFLIN: New Mountain Marks $14.2MM 1L 21% Off ------------------------------------------------------- New Mountain Finance Corporation has marked its $14,262,000 loan to Houghton Mifflin Harcourt Company to market at $11,331,000 or 79% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corporation is a participant in a loan extended to Houghton Mifflin Harcourt Company. The first lien loan accrues interest at 9.01% per annum. The first lien loan matures in April 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About HOUGHTON MIFFLIN HARCOURT COMPANY Houghton Mifflin Harcourt Company is described in the filing as the borrower under the referenced loan facility. HS PURCHASER: New Mountain Marks $24.8MM 2L Loan 38% Off -------------------------------------------------------- New Mountain Finance Corp has marked its $24,854,000 loan to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at $15,345,000 or 62% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a second lien loan extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. The second lien loan accrues interest at 12.74% per annum. The second lien loan matures in May 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About HS Purchaser, LLC / Help/Systems Holdings, Inc. Limited public information about HS Purchaser, LLC / Help/Systems Holdings, Inc. was available from the filing. HS PURCHASER: New Mountain Marks $4.6MM 2L Loan 38% Off ------------------------------------------------------- New Mountain Finance Corp has marked its $4,648,000 loan to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at $2,870,000 r 62% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. The second lien loan accrues interest at 12.74% per annum. The second lien loan matures in May 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About HS PURCHASER, LLC / HELP/SYSTEMS HOLDINGS, INC. Limited information about HS Purchaser, LLC / Help/Systems Holdings, Inc. was available in the filing. HTCI CO: Seeks to Hire Thomsen Law Group as Bankruptcy Counsel -------------------------------------------------------------- HTCI, Co. seeks approval from the U.S. Bankruptcy Court for the Southern District of Ohio to employ Thomsen Law Group, LLC as counsel. The firm's services include: (a) give Debtor legal advice with respect to its powers and duties in the continued operation of its businesses and management of its properties; (b) represent Debtor, in connection with any adversary proceedings which are instituted within this case; (c) prepare on behalf of Debtor, necessary schedules, Petition, applications, motions, answers, orders, reports, objections, disclosure statement and plan of reorganization and other legal documentation in connection with this case; (d) advise the Debtor with respect to, and assist in the negotiation and documentation of, cash collateral orders and related transactions; (e) review the nature and validity of any liens asserted against property of the Debtor and advise it concerning the enforceability of such liens; (f) advise the Debtor regarding its ability to initiate actions to collect and recover property for the benefit of its estate; (g) counsel the Debtor in connection with the formulation, negotiation and promulgation of a plan of reorganization and related documents; (h) advise and assist the Debtor in connection with any potential property disposition; (i) advise the Debtor concerning executory contracts and unexpired lease assumptions, assignments, rejections, lease restructuring and recharacterization; (j) assist the Debtor in reviewing, estimating and resolving claims asserted by or against its estate; (k) commence and conduct any and all litigation necessary and appropriate to assert rights held by the Debtor, protect assets of its estate, or otherwise further the goal of completing its successful reorganization; (l) provide general corporate, litigation and other legal services for the Debtor as it requested; and (m) perform all other necessary and appropriate legal services in connection with this Chapter 11 case for and on behalf of the Debtor. The firm will be paid at these hourly rates: Ira Thomsen, Attorney $495 Denis Blasius, Attorney $405 Darlene Fierle, Attorney $405 Elizabeth Chinault, Attorney $375 Paralegal/Administrative/Clerk $200 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the firm was provided with a total retainer of $66,738 from the Debtor. Ms. Chinault 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: Elizabeth M. Chinault, Esq. Thomsen Law Group, LLC 140 North Main Street, Suite 4 Springboro, OH 45066 Telephone: (937) 748-5001 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 sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 26-31499) on July 13, 2026. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Honorable Tyson A. Crist oversees the case. The Debtor is represented by Elizabeth M. Chinault, Esq., at Thomsen Law Group, LLC. HUGHES SATELLITE: Creditors Want $1.5B Echostar Transfers Probed ---------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a group of Hughes Satellite noteholders is pressing a Texas bankruptcy court to appoint an examiner to probe approximately $1.5 billion in transactions involving the insolvent telecommunications company. The creditors say an independent investigation is warranted to determine whether the transfers reduced the value available to the company’s creditors. The noteholders want the examiner to examine the transactions and the relationships among the parties involved, as well as the circumstances surrounding the movement of the funds. Their request reflects concerns over whether the deals may have benefited certain stakeholders while leaving the bankruptcy estate with fewer assets, the report states. The examiner request is part of the creditors' broader efforts to protect their interests in Hughes Satellite's Chapter 11 proceedings. If approved, the investigation could shed light on the disputed transfers and help determine whether the estate has potential claims to recover money for creditors, according to Law360. About Hughes Satellite Systems Corp. Hughes Satellite Systems Corp. is the satellite internet arm of EchoStar Corp. that engaged in the ownership, financing, and management of satellite communications assets. The company supports satellite broadband and network connectivity services provided to residential, commercial, enterprise, and government customers through the Hughes satellite. Hughes Satellite Systems Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90739) on August 2, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Charles R. Koster, Esq. of White & Case. HUGHES SATELLITE: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- Hughes Satellite Systems Corporation and its affiliates received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas to use cash collateral to fund their operations. Under the interim order, the Debtors are authorized to use cash collateral for administrative, corporate, and working capital expenses from August 2 until the termination date, consistent with their four-week budget. The budget, which covers the period from the week ending August 7 through the week ending August 28, shows adequate liquidity and net cash growth during the interim period. The Debtors operate the Broadband and Satellite Services segment of ultimate parent EchoStar Corporation, which is not a debtor in these proceedings. They entered Chapter 11 with approximately $1.54 billion in total pre-petition funded debt. This obligations profile comprises $750 million in 5.250% senior secured notes (plus $19.6 million in accrued interest), administered by Wilmington Savings Fund Society, FSB as successor indenture trustee and collateral agent, secured by first-priority liens on substantially all of the Debtors' assets under a 2011 Security Agreement. EchoStar holds approximately $123 million of these secured notes, purchased via open-market trades in 2025. The capital structure also features $750 million in 6.625% Senior Unsecured Notes due August 1, 2026 (plus $24.7 million in accrued interest), trusteeing through U.S. Bank Trust Company, N.A., as well as two February 2026 intercompany facilities with non-debtor affiliate EchoStar XXIV L.L.C. created to fund past-due rent under the JUPITER 3 satellite operating lease (a $50 million secured facility carrying 13.75% interest and designated as additional secured obligations, alongside a $1 million unsecured facility at 13.75% interest). Pursuant to the interim order, pre-petition secured lenders will be granted adequate protection in the form of replacement liens on substantially all of the Debtors' post-petition assets and a potential superpriority administrative expense claim in case of any decline in the value of their collateral. Additional safeguards include regular financial reporting and the establishment of an interest escrow account funded with one month's interest on the senior secured notes. Under the interim order, the Debtors must adhere to a cumulative disbursement variance test capped at 105% of budgeted projections over rolling four-week periods. Upon an uncured variance default, lenders must provide written notice and observe a three-day stay relief notice period before taking any enforcement action. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/coM7I from PacerMonitor.com. A final hearing is scheduled for August 26, with objections due by August 21. Employing a fleet of six geostationary satellites, 69 terrestrial gateways, and an expanding low earth orbit ground infrastructure, the Debtors serve over 641,000 consumer subscribers under the HughesNet brand, alongside enterprise and defense customers. Generating over $1.4 billion in FY 2025 revenue and holding ~$1.5 billion in contracted enterprise backlog as of Q1 2026, the Debtors commenced Chapter 11 to right-size their balance sheet while executing a strategic shift toward high-margin enterprise and government managed services. The Debtors' filing is distinct and separately administered from the chapter 11 cases of DISH DBS Corporation and DISH Wireless L.L.C., which were filed on June 30 and pertain solely to EchoStar's Pay-TV and legacy Wireless segments. Wilmington, as collateral agent, is represented by: PRYOR CASHMAN LLP Seth H. Lieberman, Esq. Patrick Sibley, Esq. Andrew S. Richmond, Esq. Daniel I. Brenner, Esq. 7 Times Square 40th Floor New York, NY 10036 Tel: 212.421.4100 Fax: 212.326.0806 slieberman@pryorcashman.com psibley@pryorcashman.com arichmond@pryorcashman.com dbrenner@pryorcashman.com -and- VINSON & ELKINS LLP Paul E. Heath, Esq. Kiran Vakamudi, Esq. Ariana Erfani, Esq. 845 Texas Avenue Suite 4700 Houston, TX 77002 Tel: 713.758.2222 Fax: 713.758.2346 pheath@velaw.com kvakamudi@velaw.com aerfani@velaw.com -and- VINSON & ELKINS LLP Steven M. Abramowitz, Esq. 1114 6th Avenue 32nd Floor New York, NY 10036 Tel: 212.237.0137 Fax: 917.849.5381 sabramowitz@velaw.com About Hughes Satellite Systems Corporation Hughes Satellite Systems Corporation is a subsidiary of EchoStar Corporation that provides broadband satellite technologies, broadband internet products and services, managed services, equipment, hardware, satellite services, and communications solutions. The company is based in Englewood, Colorado, and was formed in 2011 to facilitate EchoStar's acquisition of Hughes Communications, Inc. Hughes serves consumer, enterprise, government, aeronautical, airline, and mobile network operator markets, including unserved and underserved consumer markets in the Americas through leased EchoStar XXIV capacity. As of Dec. 31, 2025, the company had 739,000 broadband subscribers. In an audit report dated March 30, 2026, KPMG LLP included a going-concern paragraph, citing significant debts maturing in 2026 and the absence of necessary cash, projected cash flows or committed financing to fund obligations for at least 12 months. The conditions raised substantial doubt about the company's ability to continue as a going concern. Hughes Satellite Systems Corp. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90739) on August 2, 2026. As of March 31, 2026, Hughes Satellite Systems Corporation reported total assets of $1.9 billion, total liabilities of $2.76 billion and total stockholders' deficit of $856.51 million. Judge Alfredo Perez oversees the cases. The Debtors tapped White & Case, LLP as general bankruptcy counsel; FTI Consulting, Inc. as restructuring and financial advisor; and Epiq Corporate Restructuring, LLC as claims, noticing and solicitation agent. HUGHES SATELLITE: Seeks to Hire Epiq as Claims and Noticing Agent ----------------------------------------------------------------- Hughes Satellite Systems Corporation and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. 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. Prior to the petition date, the Debtors provided Epiq an advance 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 777 3rd Avenue, 12th Floor New York, NY 10017 About Hughes Satellite Systems Corp. Hughes Satellite Systems Corp, founded in 1971 in Rockville, Maryland, provides satellite broadband internet, managed connectivity, defense communications, satellite networking, and in-flight broadband services. The company also designs and manufactures satellite ground systems, antennas, and terminals and develops GEO- and LEO-related network, antenna, and terminal technologies. It serves consumers in rural and underserved communities in North and South America, as well as enterprise, government, and satellite-operator customers worldwide. Hughes Satellite Systems Corporation is a wholly owned subsidiary of EchoStar Corporation and operates under the HUGHES brand. Hughes Satellite Systems sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90739) on Aug. 2, 2026. In its petition, the Debtor reports estimated assets and liabilities ranging from $1 billion to $10 billion. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Charles R. Koster, Esq., at White & Case. FTI CONSULTING, INC. is the Debtor's financial advisor. INSPIRED HEALTHCARE: Pinnacle Bank Seeks Interest, Fees in Ch. 11 ----------------------------------------------------------------- Clara Geoghegan of Law360 reports that Pinnacle Bank is seeking permission from a Texas bankruptcy court to recover at least $1.6 million in post-petition interest and fees from Inspired Healthcare Capital Holdings LLC. The lender contends that its claims qualify for the additional amounts because its loans are oversecured, with stalking horse offers for the debtor's senior living properties supporting the value of its collateral. Inspired Healthcare filed for Chapter 11 protection on Feb. 2, 2026, along with 160 affiliates, in the Northern District of Texas. The company is pursuing a property-by-property asset sale strategy, with the bankruptcy court having authorized bidding procedures and stalking horse agreements for its senior living portfolio, according to Law360. The debtor has secured several floor bids as it works to sell its assets. Among the proposed transactions are a $73.4 million stalking horse offer from Sonida Senior Living for three communities and a $67.5 million bid from Senior Living Transformation Company for three senior care centers. The sale proceeds could help establish the value of collateral securing lenders' claims as the bankruptcy progresses, the report relays. 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. INTERAQT CORPORATION: Unsecureds Will Get 7.95% over 3 Years ------------------------------------------------------------ Interaqt Corporation d/b/a COLOTRAQ filed with the U.S. Bankruptcy Court for the District of New Jersey a Plan of Reorganization for Small Business dated July 30, 2026. Interaqt Corporation, doing business as COLOTRAQ, is a global sourcing advisory firm and master agency specializing in data center infrastructure solutions. Founded in 1999, the company provides vendor-neutral advisory services for colocation, managed hosting, cloud, connectivity, and cybersecurity. The Debtor supports clients throughout the sourcing process, including strategy development, RFP management, provider selection, and contract negotiation, using a network of providers across more than 1,200 markets. Its customers range from small businesses to Fortune 500 companies and government agencies. The debtor is a New Jersey corporation. Ownership consists of Dany Bouchedid, who owns 89% of the company and serves as CEO, and Lou Peccarolo, who owns the remaining 11%. The company filed for Chapter 11, Subchapter V bankruptcy primarily because litigation expenses and a resulting judgment significantly strained its finances. The filing is intended to allow the company to reorganize its operations, restructure its debts, improve its balance sheet, and maintain financial stability while continuing business operations. Under the proposed reorganization plan: * Secured creditors will continue to receive payments according to existing financing and loan agreements until their claims are paid in full. * Priority claims will be paid in full on the plan's effective date or when the claims are allowed, whichever occurs later. * General unsecured creditors will share $42,000 on a pro rata basis through 12 quarterly payments over three years, beginning in the first quarter after the plan's effective date. The plan estimates approximately $528,049.35 in unsecured claims, with an estimated recovery of 7.95% for general unsecured creditors. The proposed payments represent substantially all of the debtor's projected net disposable income after satisfying higher-priority obligations. Funding for the plan will come from: * Cash on hand at the time the plan is confirmed; and * Future income generated from the company's ongoing business operations and collection of accounts receivable. Upon confirmation, the debtor's property, including tangible assets, licenses, litigation claims, and equipment, will revest in the company, subject to the terms of the plan. The debtor believes it will have sufficient cash to meet all required payments on the effective date and that the plan is feasible without requiring further liquidation or additional financial reorganization. A full-text copy of the Plan of Reorganization dated July 30, 2026 is available at https://urlcurt.com/u?l=x8iyAn from PacerMonitor.com at no charge. Counsel to the Debtor: Anthony J. Davis, Esq. OCG Solutions, LLP One Gatehall Drive, Suite 100 Parsippany, NJ 07054 Telephone: (201) 712-1616 Email: adavis@ogcsolutions.com About Interaqt Corporation Interaqt Corporation, doing business as COLOTRAQ, provides data center infrastructure sourcing services from Randolph, New Jersey. Founded in 1999, the company supports procurement of colocation, managed hosting, cloud, connectivity, cybersecurity, AI readiness, data center migration, and blockchain-related services. COLOTRAQ's sourcing process includes strategy and planning, benchmarking, RFP management, negotiation strategy, and contract due diligence. The company serves clients including small businesses, Fortune 500 companies, and government agencies. Interaqt sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 26-14973) on May 1, 2026, with $500,000 to $1 million in assets and $1 million to $10 million in liabilities. Nicole Nigrelli, at Ciardi, Ciardi & Astin serves as Subchapter V trustee for the Debtor. Anthony J. Davis, at OGC Solutions, LLP, is the Debtor's legal counsel. J&J VENTURES: New Add-on Term Loan No Impact on Moody's 'B2' CFR ---------------------------------------------------------------- Moody's Ratings says that J&J Ventures Gaming, LLC's ("J&J") new proposed add-on term loan has no impact on the company's B2 senior secured bank credit facility rating, B2 Corporate Family Rating, or stable outlook at this time. The transaction includes a new proposed $350 million senior secured term loan, fungible with the company's existing term loan due April 2030. J&J intends to use net proceeds from the add-on to refinance the company's B2 rated $197 million TLB-2 and $149 million TLB-3. J&J Ventures Gaming, LLC ("JJVG") is a licensed video gaming terminal ("VGT") route operator active in Illinois, Nevada, Montana, Nebraska, and Wyoming. The company installs, operates, and services VGTs in licensed third-party venues (restaurants, bars, taverns, gaming cafes, convenience stores, truck stops). As of 1Q26, company operated 14,493 VGTs across 2,538 sites in Illinois, 8,021 VGTs across 654 sites in Nevada, 4,233 VGTs across 348 sites in Montana, and 1,950 VGTs across 537 sites in Nebraska and others. Oaktree Capital Management, L.P. owns approximately 56% of J&J with management-related entities owning the remaining minority position. For the LTM ended March 31, 2026, revenue was approximately $1.5 billion. JELD-WEN HOLDING: Mason Capital Discloses 5.5% Stake ---------------------------------------------------- Mason Capital Management LLC, together with Kenneth M. Garschina and Michael E. Martino, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of July 29, 2026, they beneficially own 4,791,919 shares of JELD-WEN Holding, Inc.'s Common Stock, par value $0.01 per share with shared voting power and shared dispositive power over all 4,791,919 shares, and no sole voting or dispositive power, representing 5.5% of the Common Stock. The percentage is based on 86,763,382 shares of Common Stock outstanding as of July 31, 2026. The shares are held directly by Mason Capital Master Fund, L.P. Mason Capital Management LLC is the investment manager of the fund. Kenneth M. Garschina and Michael E. Martino are managing principals of Mason Capital Management LLC and the sole members of the fund's general partner. Mason Capital Management LLC (and related reporting persons) may be reached through: John Grizzetti, Chief Operating Officer Mason Capital Management LLC 110 East 59th Street New York, NY 10022 Tel: 212-771-1206 A full-text copy of Mason Capital Management LLC's SEC report is available at https://tinyurl.com/5yrtsmhn. About JELD-WEN Holding, Inc. JELD-WEN Holding, Inc., along with its subsidiaries, is a vertically integrated global manufacturer and distributor of windows, doors, and other building products that derives substantially all its revenues from the sale of its door and window products. As of June 27, 2026, the Company had $2.07 billion in total assets, $2.09 billion in total liabilities, and $23.87 million in total stockholders' equity. * * * In May 2026, S&P Global Ratings lowered its issuer credit rating on JELD-WEN Holding Inc. to 'CCC+' from 'B-', its issue-level rating on its senior secured debt to 'B' from 'B+', and its issue-level rating on its senior unsecured debt to 'CCC' from 'CCC+'. The negative outlook reflects S&P's expectation that the company's S&P Global Ratings-adjusted debt to EBITDA will remain above 10x through 2026 as subdued demand for new construction and R&R activity continues to impair its credit metrics and refinancing risk increases as the company's Dec. 2027 notes approach current status. JMAY REALTY: Unsecureds to be Paid in Full over 60 Months --------------------------------------------------------- JMAY Realty Investment Co. filed with the U.S. Bankruptcy Court for the Southern District of Texas a Combined Disclosure Statement and Plan of Reorganization dated July 30, 2026. The Debtor is a real estate holding company wholly owned by Rejone Edwards and Titus Edwards. Formed in 2017, the company has acquired mixed-use real estate, residential properties, and raw land in the Galveston, Texas area. It generates rental income from its investment properties to cover operating expenses and mortgage obligations. In 2025, Rejone Edwards experienced significant health issues that required substantial personal attention and financial resources. As a result, JMAY fell behind on mortgage payments for some of its properties. While the company successfully restructured most of its mortgages, it remained in dispute with Klos/Weed, the mortgage holder on the Market Street Properties. After Klos/Weed scheduled a foreclosure sale for March 3, 2026, which JMAY disputed, the company filed for Chapter 11 bankruptcy to preserve the equity in those properties for the benefit of the estate and its stakeholders. The Debtor's primary assets are its real estate holdings. Although no independent appraisal has been obtained, the Galveston County Appraisal District estimates the properties' value at $2,344,240, which the Debtor believes represents the lower end of their current market value. As of May 31, 2026, the Debtor had $1,918.37 in its deposit account. Under the proposed Plan: * Class 4 Unsecured Claims: Any unsecured claims will be paid in full, without interest, through 60 equal monthly installments beginning on the 10th day of the month following the Effective Date. The Debtor is currently unaware of any unsecured claims. If such claims exist, the class is impaired and entitled to vote on the Plan. * Class 5 Membership Interests: Existing owners will retain all of their legal, equitable, and contractual rights. This class is unimpaired. On the Effective Date, all property of the Debtor and the bankruptcy estate will vest in the Reorganized Debtor, free and clear of liens, claims, and encumbrances except as provided in the Plan. The Plan provides for the Reorganized Debtor to continue operating the business and repay all debts and ongoing obligations using: * Rental income, * Proceeds from the sale of properties listed by Ms. Herrera, * Additional property sales if necessary, or * Equity contributions if needed. Rejone Edwards and Titus Edwards will continue serving as managers of the Reorganized Debtor. The Debtor believes the Plan is feasible based on projected cash flow. These projections assume: * Only $20,000 in proceeds from the listed property sales or an equivalent equity contribution. * No increase in rental income. * The Debtor's objection to the IRS claim is sustained. * One property is surrendered to Jet in satisfaction of its claim rather than sold at a profit. If the IRS claim is ultimately allowed or the financial projections prove overly optimistic, the Debtor states that it has substantial equity in its real estate portfolio that can be used to fulfill its obligations under the Plan. A full-text copy of the Combined Disclosure Statement and Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=ac7nNi from PacerMonitor.com at no charge. JMAY Realty Investment Co. is represented by: Broocks M. Wilson, Esq. WILSON FRIERY PLLC 708 Main Street 10th Floor Houston TX 77002 Tel: (281) 938-0896 E-mail: mack@wilsonfriery.com About JMAY Realty Investment Co. JMAY Realty Investment Co. holds and rents out real estate assets to tenants as part of its property investment operations. JMAY Realty Investment filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-80135) on March 2, 2026, listing $1 million to $10 million in assets and $500,000 to $1 million in liabilities. The petition was signed by Rejone Edwards as president. Judge Alfredo R Perez presides over the case. Broocks Wilson, at Wilson Friery PLLC, is serving as the Debtor's counsel. JOHNSON GROUP: Seeks Chapter 11 Bankruptcy in Kentucky ------------------------------------------------------ On July 28, 2026, Johnson Group of KY LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Kentucky. According to court filings, the Debtor reports between $500,000 and $1 million in assets and between $100,000 and $500,000 in liabilities, with approximately 1 to 49 creditors. Chapter 11 Subchapter V Plan deadline set for October 26, 2026. About Johnson Group of KY, LLC Johnson Group of KY LLC is a Florence, Kentucky-based manufacturer of precast concrete products. Operating under the trade name Genesis Precast, the company produces concrete products for infrastructure and utility projects. It maintains an active Department of Transportation registration and is certified as a Disadvantaged Business Enterprise and Small Business Enterprise contractor. Johnson Group of KY, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Kent. Case No. 26-20742) on July 28, 2026. In the petition signed by Jeff Johnson, member, the Debtor disclosed up to $1 million in assets and up to $500,000 in liabilities. Michael B. Baker, Esq., at The Baker Firm, PLLC, represents the Debtor as legal counsel. KASAI HOLDINGS: Trustee Seeks to Sell Resto Equipment at Auction ---------------------------------------------------------------- Michael W. Carmel, the duly appointed Chapter 11 Trustee of Kasai Holdings Three LLC, seeks permission from the U.S. Bankruptcy Court for the District of Arizona, to sell Property at public auction, free and clear of liens, claims, interests, and encumbrances. The Debtor wishes to sell restaurant equipment, furniture, fixtures, smallwares, and related tangible personal property owned by the Debtor's nondebtor affiliate Kasai Peoria, LLC and formerly used in the operation of its restaurant. The Debtor holds a 55% membership interest in Kasai Peoria, LLC, which operated a restaurant located in Peoria, Arizona. That membership interest, including all associated contractual, governance, and voting rights, constitutes property of the Debtor’s bankruptcy estate. The Equipment described is owned by Kasai Peoria rather than by the Debtor directly. The Debtor's estate holds 55% membership interest in Kasai Peoria, and amounts owed to the Debtor by Kasai Peoria. Kasai Peoria has ceased operations and has no continuing use for the Equipment. Liquidation of the Equipment and application of the net proceeds inures directly to the benefit of the Debtor's estate and its creditors, both through the satisfaction of Kasai Peoria's obligations to the Debtor and through the value of the estate’s membership interest in Kasai Peoria. Conversely, every month the Equipment remains unsold diminishes that value through accruing storage and insurance charges and continuing depreciation. Following the cessation of operations, certain restaurant equipment, furniture, fixtures, smallwares, and related tangible personal property remained. The Equipment was removed from the Premises and is currently stored at a public storage facility, where it continues to accrue storage, insurance, and other carrying costs borne ultimately by the estate. The Equipment is no longer used or useful in any operating business of the estate, is not necessary for an effective reorganization, and is subject to ongoing storage, insurance, and carrying costs and to continuing depreciation. The lienholders of the Equipment are C T Corporation System, Corporation Service Company, Middesk Inc., Knightsbridge Funding LLC, Vstate Filing, and The Funding Bull. The estate can no longer bear the expense of storage and insurance on the Equipment. Since operations ceased in March 2026, the Equipment has generated only cost. Sierra Auction represents that it is Arizona's largest monthly public auction company and that it regularly achieves auction participation by thousands of qualified and registered bidders. Sierra Auction conducts its surplus auctions as timed, online-only auctions on its bidding platform. Bidding is open to any member of the public who registers for a bidder account, is at least 18 years of age, holds valid government-issued identification, and places the required registration deposit (currently $50.00 for surplus auctions), which is applied toward the winning bidder’s invoice and released if the bidder is unsuccessful. Sierra Auction makes assets available for public inspection in advance of each auction event and generally offers in-person preview on the Friday preceding the auction. Sierra Auction will not charge or collect a buyer's premium in connection with the sale of the Equipment. Sierra Auction's compensation is limited to the Auctioneer Compensation fixed by the Court in the Employment Order pursuant to Bankruptcy Rule 6005 -- a commission of ten percent of gross sale proceeds, plus reimbursement of actual out-of-pocket expenses billed at actual cost -- and Sierra Auction will receive no other compensation, premium, or fee from the estate, from any purchaser, or from any other source on account of the auction. Winning bidders will accordingly pay the amount of the winning bid plus applicable Arizona transaction privilege and sales tax. The Trustee has determined, in the exercise of his business judgment, that a public auction conducted by an experienced, licensed, and bonded auctioneer is the most efficient and effective means of liquidating the Equipment. The Trustee submits that the Auctioneer Compensation is reasonable, is consistent with rates customarily charged by auctioneers for comparable services in this District, and reflects a labor rate discounted in favor of the estate. About Kasai Holdings Three Kasai Holdings Three, LLC owns and operates a restaurant in Scottsdale, Ariz. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 24-06967) on August 22, 2024, with up to $50,000 in assets and up to $10 million in liabilities. Michael F. Russel, manager through Dinnertainment, LLC, signed the petition. Judge Brenda K. Martin presides over the case. Chris D. Barski, Esq., at Barski Law Firm, PLC, is the Debtor's bankruptcy counsel. KATIE EDSON: Seeks Subchapter V Bankruptcy in Virginia ------------------------------------------------------ On July 27, 2026, Katie Edson, MD LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Virginia. According to court filings, the Debtor reports between $100,000 and $500,000 in assets and between $500,000 and $1 million in liabilities, with approximately 1 to 49 creditors. A meeting of creditors under Section 341(a) to be held on August 21, 2026 at 03:00 PM via crmtg Ch 11: By telephone. Dial 1-888-330-1716, Passcode 7310927. The deadline for filing Small Business Subchapter V Plan is on October 26, 2026. About Katie Edson MD LLC Katie Edson, MD LLC is a Christiansburg, Virginia-based family medicine practice that operates under the name Edson Family Practice in Roanoke. The practice specializes in primary care and continues to conduct business in the family medicine sector. Katie Edson MD, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70787) on July 27, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Andrew S. Goldstein, Esq., at Magee Goldstein Lasky & Sayers, P.C. represents the Debtor as legal counsel. KATIE EDSON: Seeks to Tap Magee Goldstein Lasky & Sayers as Counsel ------------------------------------------------------------------- Katie Edson, MD, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to employ Magee Goldstein Lasky & Sayers, PC as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued management of its business and properties; (b) advise and consult on the conduct of the Bankruptcy Case; (c) attend meetings and negotiate with representatives of the Debtor's creditors and other parties in interest; (d) take all necessary action to protect and preserve the Debtor's estate; (e) prepare all pleadings; (f) represent the Debtor in connection with obtaining post-petition financing, if necessary; (g) advise the Debtor in connection with any potential sale of assets; (h) appear before the Court to represent the interests of the Debtor's estate before the Court; (i) take any necessary action on behalf of the Debtor to negotiate, prepare on its behalf, and obtain approval of a Chapter 11 plan and documents related thereto; and (k) perform all other necessary or otherwise beneficial legal services to the Debtor in connection with prosecution of this Bankruptcy Case. The firm's hourly rates are as follows: Attorneys $450 Paralegals and Paraprofessionals $115 In addition, the firm will seek reimbursement for expenses incurred. The firm requested a total retainer of $20,000 from the Debtor. Andrew Goldstein, Esq., president at Magee Goldstein Lasky & Sayers, 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: Andrew Goldstein, Esq. Magee Goldstein Lasky & Sayers, PC P.O. Box 404 Roanoke, VA 24003 Telephone: (540) 529-1609 Facsimile: (540) 343-9898 Email: agoldstein@mglspc.com About Katie Edson, MD LLC Katie Edson, MD, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70787) on July 27, 2026, listing under $1 million in both assets and liabilities. Andrew Goldstein, Esq., at Magee Goldstein Lasky & Sayers, PC serves as the Debtor's counsel. KELLERMEYER BERGENSONS: Ares Capital Marks $15M 1L Loan at 72% Off ------------------------------------------------------------------ Ares Capital Corporation has marked its $15.7MM first lien senior secured loan to Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC to market at $4.4MM or 28% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC. The first lien senior secured loan matures in November 2028. Ares Capita Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About KELLERMEYER BERGENSONS SERVICES, LLC AND KBS TOPCO, LLC Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC provide janitorial and facilities management services to commercial customers. KELLERMEYER BERGENSONS: Ares Capital Marks $16M 1L Loan at 95% Off ------------------------------------------------------------------ Ares Capital Corporation has marked its $16.6MM first lien senior secured loan to Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC to market at $800,000 or 5% of the outstanding amount, according to Ares Capital's 10-Q for the fiscal quarter ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC. The first lien senior secured loan matures in November 2028. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About KELLERMEYER BERGENSONS SERVICES, LLC AND KBS TOPCO, LLC Kellermeyer Bergensons Services, LLC and KBS TopCo, LLC are providers of janitorial and facilities management services. KNOWBE4 INC: New Mountain Finance Marks $7.1MM Loan 21% Off ----------------------------------------------------------- New Mountain Finance Corp has marked its $7,137,000 loan to KnowBe4, Inc. to market at $5,603,000 or 79% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to KnowBe4, Inc. The loan accrues interest at 7.41% per annum and matures in July 2032. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by JOHN R. KLINE as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: JOHN R. KLINE New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About KnowBe4, Inc. Limited public information about KnowBe4, Inc. was available in the filing. KULA GRAIN: Seeks Approval to Hire Saltzman as Valuation Expert --------------------------------------------------------------- Kula Grain Co., Inc., doing business as Kula Grain Company, seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Saltzman LLC as valuation expert. The firm will opine the valuation of the Debtor's business and to resolve issues raised in the objections filed by the Unsecured Creditors' Committee, the U.S. Trustee, and Shirley Irene Kula Estate. Scott Salzman, CPA, the primary professional in this representation, will be billed at his hourly rate of $465. The firm requested a $5,000 retainer from the Debtor. Mr. Salzman 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: Scott Salzman, CPA Saltzman LLC 5655 S Yosemite St., Ste. 205 Greenwood Village, CO 80111 About Kula Grain Co. Inc. Kula Grain Co. Inc. is a Fort-Morgan, Colorado-based grain merchant and interstate freight carrier that hauls dry-bulk farm commodities. Kula Grain Co. Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 25-12338) on April 22, 2025. In its petition, the Debtor estimated assets and liabilities between $1 million and $10 million. Judge Joseph G. Rosania Jr. handles the case. The Debtor is represented by Jeffrey A. Weinman, Esq., at Allen Vellone Wolf Helfrich & Factor, PC. KYLE PLUMBING: Seeks to Hire Zeichman Law as Bankruptcy Counsel --------------------------------------------------------------- Kyle Plumbing II, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Zeichman Law as counsel. The firm's services include: (a) advise the Debtor concerning its powers and duties and its obligations under Subchapter V of Chapter 11; (b) advise and assist the Debtor in complying with the United States Trustee's operating guidelines and reporting requirements, the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and orders of this Court; (c) prepare and prosecute legal documents necessary or appropriate for administration of the case; (d) protect and advance the interests of the Debtor and its estate in matters before this Court and in related negotiations, litigation, and proceedings; and (e) represent the Debtor in negotiations with creditors, the Subchapter V trustee, the United States Trustee, and other parties in interest. The firm's hourly rates are as follows: Partners $500 Associates $300 Paralegals $185 In addition, the firm will seek reimbursement for expenses. The firm received a retainer of $20,000 from the Debtor. Thomas Zeichman, Esq., an attorney at Zeichman Law, 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: Thomas G. Zeichman, Esq. Zeichman Law 2385 NW Executive Center Drive, Suite 300 Boca Raton, FL 33431 Telephone: (561) 467-6291 Email: Tom@zeichmanlaw.com About Kyle Plumbing II Inc. Kyle Plumbing II, Inc. provides residential and commercial plumbing services in Deerfield Beach, Florida. Its services include pipe and drain work, leak detection, repiping, sewer-line services, water-heater installation and repair, water treatment, backflow services, and kitchen and bathroom remodeling. Kyle Plumbing II sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-20225) on July 31, 2026. In the petition signed by Kevin Couper, president, the Debtor disclosed up to $434,996 in total assets and $3,259,375 in liabilities. Thomas Zeichman, Esq., at Zeichman Law represents the Debtor as counsel. LABORATORIES BIDCO: Ares Capital Marks $15.4MM 1L Loan at 23% Off ----------------------------------------------------------------- Ares Capital Corporation has marked its $15.4MM first lien senior secured revolving loan to Laboratories Bidco LLC and Laboratories Topco LLC to market at $11.9MM or 77% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Laboratories Bidco LLC and Laboratories Topco LLC. The first lien senior secured revolving loan accrues interest at 6% per annum. The facility matures in July 2029. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About LABORATORIES BIDCO LLC AND LABORATORIES TOPCO LLC Laboratories Bidco LLC and Laboratories Topco LLC provide laboratory testing services for nicotine containing products. LAKE COUNTY: Seeks to Hire Naheed A. Amdani as Special Counsel -------------------------------------------------------------- Lake County Hospitality LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Law Offices of Naheed A. Amdani as special counsel. The firm will represent the estate in selling the real estate owned by the Debtor commonly known as 900 West Lake Cook Road, Buffalo Grove, Illinois. The firm will be paid at a standard hourly rate of $450 per hour, plus reimbursement. Naheed Amdani, Esq., disclosed in court filings that his firm is "disinterested persons" as the term is defined in Section 101(14) of the Bankruptcy Code. The firms can be reached through: Naheed Amdani, Esq. Law Offices of NAheed A. Amdani 4909 Oakton St. Skokie, IL 60077 About Lake County Hospitality Lake County Hospitality, LLC operates in the hotel and lodging sector and is associated with properties in Illinois. It manages hospitality assets and has been linked to hotels such as Four Points by Sheraton in Buffalo Grove. Lake County Hospitality sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08293) on May 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Timothy A. Barnes handles the case. Paul M. Bach, Esq., at Bach Law Offices is the Debtor's bankruptcy counsel. LEESTMA MANAGEMENT: Seeks to Extend Plan Exclusivity to Dec. 31 --------------------------------------------------------------- Leestma Management, LLC and affiliates asked the U.S. Bankruptcy Court for the Middle District of Florida to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Dec. 31, 2026 and March 1, 2027, respectively. This Motion is Debtors' first request for an extension of the Exclusive Filing Period and Exclusive Solicitation Period. The Debtors explain that they are not seeking the extension as a delay tactic or to pressure creditors to accede to a plan that is unsatisfactory to them. Instead, Debtors need additional time to prepare, propose and obtain acceptances of a plan of reorganization that will resolve certain critical issues with their creditors. Moreover, allowing creditors to propose a plan of reorganization in the context of a chapter 11 case would allow creditors to dictate how the debtors fund the plan. In conclusion, Debtors have been required to respond to the operational and administrative demands of these cases and continue to work diligently to advance the orderly formulation of a consensual chapter 11 plan. Debtors should be afforded a full and fair opportunity to negotiate, propose, and seek acceptance of a plan and to resolve the claims of creditors. The Debtors believe that an extension is warranted and appropriate under the circumstances. Debtors submit that an extension is realistic and necessary, will not prejudice the legitimate interest of creditors and other parties in interest, and will afford a meaningful opportunity for the Debtor to pursue a confirmable and consensual plan. Counsel to the Debtors: David S. Jennis, Esq. JENNIS LAW FIRM 606 East Madison Street Tampa, FL 33602 Telephone: (813) 229-2800 Facsimile: (813) 405-4046 Email: djennis@jennislaw.com About Leestma Management Leestma Management, LLC, based in Bradenton Beach, Florida, manages real estate investments and development projects, including the Adelaide Pointe waterfront complex along Muskegon Lake, Michigan, a mixed-use development held through affiliated entities such as Adelaide Pointe Building 1, LLC, Adelaide Pointe QOZB, LLC, Adelaide Pointe Boaters Services, LLC, and Waterland Battle Creek, LLC. The company oversees marina operations, residential and commercial property management, and broader development activities, consolidating operational and brand control under the Adelaide Pointe trademark. Leestma Management and four affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Lead Case No. 26-02696) on April 1, 2026. In its petition, Leestma Management reported between $50 million and $100 million in both assets and liabilities. Judge Caryl E. Delano oversees the cases. The Debtors are represented by David Jennis, Esq., at Jennis Morse. John Polderman, the state court-appointed receiver and custodian of the Debtors, is represented by Alberto F. Gomez, Jr., Esq., at Johnson Pope Bokor Ruppel & Burns, LLP. LEISURE INVESTMENTS: Delaware Court Denies Motion to Dismiss Ch. 11 ------------------------------------------------------------------- The Dolphin Company announced on Aug. 7, 2026, that the United States Bankruptcy Court for the District of Delaware has denied in its entirety a motion seeking dismissal of the Chapter 11 case of Controladora Dolphin, S.A. de C.V., relief from the automatic stay, and vacatur of prior court orders finding former executive Eduardo Albor in willful violation of court orders and the automatic stay, and levying sanctions against Mr. Albor on account of such violations. In a detailed memorandum opinion issued on August 4, 2026, the Honorable Laurie Selber Silverstein concluded that the Chapter 11 proceedings should continue and rejected arguments advanced by Mr. Albor. This ruling underscores that, contrary to reports in the Mexican press based on false and misleading reports issued by prior management, Mr. Albor has no authority to act on behalf of the Company. The Court's ruling follows a two-day evidentiary hearing and addresses false claims that a Mexican court order allegedly reinstated Mr. Albor as president of Controladora Dolphin and invalidated the Company's current governance structure. The Court expressly found that the March 31, 2026 amparo order did not reinstate Mr. Albor, did not invalidate the corporate actions that resulted in the appointment of current management, and did not provide grounds for dismissal of the Chapter 11 cases. Key Points from the Court's Memorandum Opinion * The motion to dismiss was denied in its entirety. * The Court declined to grant relief from the automatic stay to permit further litigation in Mexico concerning corporate governance issues. * The Court concluded that the March 31, 2026 amparo order did not reinstate Mr. Albor as president of Controladora Dolphin. * The Court found that dismissal of the Chapter 11 cases would not be in the best interests of creditors or the estates and could adversely affect ongoing restructuring efforts, asset transactions, and animal welfare considerations. * The Court further found that Mr. Albor has been in continuous violation of the automatic stay and Court's prior orders. In light of this, the Court's orders sanctioning him for his willful violations, including notice of sanctions of $10,000 per day on account of continued violation of the automatic stay, remain in effect. The memorandum opinion also notes that the Court previously recognized the authority of current management to act on behalf of the Debtors and observed that Mexican proceedings cited by Mr. Albor do not establish that he presently controls the Company. The Court further found that the precautionary measures entered by the Mexican Concurso Court did not prohibit actions that resulted in the appointment of current management. The Chapter 11 cases remain jointly administered under In re Leisure Investments Holdings LLC, et al., Case No. 25-10606 (LSS), pending before the United States Bankruptcy Court for the District of Delaware. The restructuring process and sale procedures continue under the supervision of that Court. As previously disclosed, the Company has advanced a court-supervised process intended to maximize value for stakeholders while prioritizing operational stability and the continued care of animals across its facilities. The Company remains committed to conducting all aspects of the restructuring and sale process in accordance with applicable law, the orders of the Delaware Bankruptcy Court, and its ongoing responsibilities to employees, customers, business partners, and the animals entrusted to its care. Proceeding Information The Chapter 11 cases are jointly administered under the lead case In re Leisure Investments Holdings LLC, et al., Case No. 25-10606 (LSS), before the United States Bankruptcy Court for the District of Delaware. Proceeding Documents Official information regarding the proceeding, including Court documents and claims information, is available through Verita Global's case website (https://www.veritaglobal.net/dolphinco). For Further Information: Public Relations Department The Dolphin Company Email: rpublicas@thedolphinco.com About Leisure Investments Holdings Leisure Investments Holdings LLC and affiliates are operating under the name "The Dolphin Company," manage over 30 attractions, including dolphin habitats, marinas, water parks, and adventure parks, located in eight countries across three continents. Their primary operations are based in Mexico, the United States, and the Caribbean, with locations in Jamaica, the Cayman Islands, the Dominican Republic, and St. Kitts. These attractions are home to approximately 2,400 animals from more than 80 species of marine life, including a variety of marine mammals such as dolphins, sea lions, manatees, and seals, as well as birds and reptiles. As of 2023, the marine mammal population at the Debtors' parks includes roughly 295 dolphins, 51 sea lions, 18 manatees, and 18 seals. Leisure Investments Holdings LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case 25-10606) on March 31, 2025. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million each. Honorable Bankruptcy Judge Laurie Selber Silverstein handles the case. The Debtors tapped Robert S. Brady, Esq., Sean T. Greecher, Esq., Allison S. Mielke, Esq., and Jared W. Kochenash, Esq. as counsels. The Debtors' restructuring advisor is RIVERON MANAGEMENT SERVICES, LLC. The Debtors' Claims & Noticing Agent is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. LITHOTYPE COMPANY: Court Extends Cash Collateral Access to Sept. 11 ------------------------------------------------------------------- Lithotype Company, Inc. received an extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use the cash collateral of Old National Bank. The court entered a seventh interim order authorizing the Debtor to use the lender's cash collateral from August 7 through September 11 based on an approved budget. The Debtor must not exceed any budget line item or total disbursements by more than 10%, reallocate budget items, or use cash collateral to pay professional fees without Old National Bank's written consent or further court approval. All post-petition receipts must be deposited into the debtor-in-possession account maintained at the bank. As adequate protection, the Debtor must make an additional $25,000 payment to the bank, supplementing the $75,000 previously paid. As additional protection, Old National Bank will be granted replacement liens on post-petition assets such as cash, receivables, and inventory, maintaining the same priority as its pre-petition liens. The Debtor must also maintain insurance and name the bank as loss payee. The order requires weekly reporting, including cash flow statements, receivables data, and bank statements, giving Old National Bank full visibility into operations. Any default such as unauthorized spending, reporting failures, or insurance lapses triggers a seven-day cure period, after which the bank can seek to terminate cash collateral use or lift the automatic stay. A final hearing is scheduled for September 8. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/bEVNI from PacerMonitor.com. Old National Bank, as lender, is represented by: Adam B. Rome, Esq. Greiman, Rome, & Griesmeyer, LLC 205 W. Randolph St., Ste. 2300 Chicago, IL 60606 Phone: 312-428-2750 arome@grglegal.com About Lithotype Company Inc. Lithotype Company, Inc. is an employee-owned flexible packaging printing and converting company in Bolingbrook, Ill., which supplies high-barrier pouches, sachets, seal bags, and printed roll stock to U.S. brands. Founded in 1963, Lithotype provides web offset and flexography printing, laminating, slitting, and pouch conversion services. Lithotype operates under an Employee Stock Ownership Plan and maintains integrated pre-press, manufacturing, quality assurance, customer service, and warehousing capabilities. Lithotype sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-02207) on Feb. 6, 2026, with $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by John E. Gerba as director of finance. Judge Daniel R. Fine oversees the case. The Debtor tapped Scott R. Clar, Esq., at Crane, Simon, Clar & Goodman as legal counsel, and Robert W. Zimmer & Associates, LLC as financial advisor. LOCK 27 BREWING: Plan Confirmation Hearing Scheduled for Sept. 29 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Ohio will hold a hearing on September 29, 2026 at 10:30 a.m. before the Honorable Tyson A. Crist to confirm the Subchapter V Plan of Reorganization of Lock 27 Brewing, LLC. September 8, 2026 is the deadline for any party in interest to vote to accept or reject the Plan. September 22, 2026 is the deadline to file any objection to confirmation of the Plan. As shared by the Troubled Company Reporter, since filing for Chapter 11 bankruptcy, the company states that the automatic stay has allowed it to stabilize operations and prepare a reorganization plan. Despite challenges from the COVID-19 pandemic and a decline in the craft brewing market, Lock 27 has reduced its operations to a level it believes is sustainable and profitable. The business has returned to its original location, reduced expenses, streamlined operations, and seeks to address debts related to a prior expansion that it can no longer support. The company believes its plan will enable it to cure lease arrearages, pay secured creditors in full, and provide a distribution to unsecured creditors. The plan divides unsecured claims into three classes: * Class UN-B consists of the unsecured portion of partially secured claims. Fifth Third filed a proof of claim that includes an unsecured claim of $240,545.14. Allowed claims will receive pro rata quarterly distributions after disputed claims are resolved. * Class UN-UL includes creditors that have asserted security interests but whose claims are determined to be wholly unsecured. The class is expected to include CityWide Small Business Development Corporation and the United States Small Business Administration. Allowed claims will also receive pro rata quarterly distributions after disputed claims are resolved. * Class UN-G includes all other allowed unsecured claims not included in another class. These claims will receive the same pro rata quarterly distributions after disputed claims are resolved. The total unsecured claims pool for Classes UN-B, UN-UL, and UN-G is estimated at approximately $542,169.20. This estimate reflects Charles Barnhart's agreement to waive his $869,202.79 claim against the Debtor, which increases the distribution available to other unsecured creditors. He has also agreed to limit his annual salary to $35,880 for the duration of the plan. The claims bar date was July 9, 2026. Under the projections, unsecured creditors in Classes UN-B, UN-UL, and UN-G will receive a total distribution of $24,000, representing approximately 4.4% of allowed unsecured claims. Class E consists of all equity interests. Existing equity holders will retain their ownership interests, and Charles Barnhart will continue managing the business while maintaining his 100% ownership. The reorganization plan will be funded through cash flow from operations and debtor-in-possession financing. The Debtor also reserves the right to modify payment terms with individual creditors if mutually agreed upon without requiring a modification to the overall plan. A full-text copy of the Subchapter V Plan dated July 21, 2026 is available at https://urlcurt.com/u?l=KC9mHs from PacerMonitor.com at no charge. Counsel for the Debtor: Denis E. Blasius, Esq. Darlene E. Fierle, Esq. Ira H. Thomsen, Esq. Elizabeth M. Chinault, Esq. Thomsen Law Group, LLC 140 North Main Street, Suite A Springboro, OH 45066 Telephone: (937) 748-5001 Facsimile: (937) 404-6630 Email: dblasius@ihtlaw.com A copy of the Court's Order dated July 30, 2026, is available at https://urlcurt.com/u?l=VBGiog from PacerMonitor.com. About Lock 27 Brewing LLC Lock 27 Brewing LLC, established in 2012, is a craft brewery based in Centerville, Ohio. The company brews beer and distributes its products to bars and retailers in Ohio. Its name references the Miami & Erie Canal and Lock 27 in Miamisburg, Ohio. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ohio Case No. 26-30874) on April 22, 2026. In the petition signed by Charles S. Barnhart, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in total liabilities. Judge Tyson A. Crist oversees the case. Denis E. Blasius, at Thomsen Law Group, LLC, is serving as the Debtor's counsel. LOGRHYTHM INC: New Mountain Marks $4.2MM 1L Loan at 16% Off ----------------------------------------------------------- New Mountain Finance Corp has marked its $4,231,000 loan to Logrhythm, Inc. to market at $3,575,000 or 84% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to Logrhythm, Inc. The first lien undrawn commitment matures in July 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corp 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About LOGRHYTHM, INC. Limited public information about Logrhythm, Inc. was available in the filing. M6 ETX HOLDINGS II: Moody's Puts 'B1' CFR Under Review for Upgrade ------------------------------------------------------------------ Moody's Ratings placed M6 ETX Holdings II MidCo LLC's (M6 ETX) ratings on review for upgrade, including its B1 Corporate Family Rating, B1-PD Probability of Default Rating, and B1 backed senior secured first lien term loan rating. Previously, the outlook was stable. These rating actions follow the announced acquisition of M6 ETX and its parent company Momentum Midstream (unrated) by The Williams Companies, Inc. (Williams, Baa2 positive) for a mix of cash and equity totaling up to $5.5 billion. The transaction is subject to regulatory clearance and other customary closing conditions. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS M6 ETX's ratings were placed on review for upgrade based on its potential ownership by Williams, which has a stronger credit profile, a more diversified midstream asset portfolio, and greater financial resources. The review will conclude once the transaction has closed and there is clarity on the potential implications for M6 ETX's debt. Moody's expects M6 ETX's debt to be repaid at closing and would withdraw all of its ratings shortly thereafter. M6 ETX is a private company operating midstream natural gas gathering and processing (G&P) facilities and pipelines in East Texas and North Louisiana. The principal methodology used in these ratings was Midstream Energy published in October 2025. MANNA PRO: Ares Capital Marks $1.1MM 1L Loan at 27% Off ------------------------------------------------------- Ares Capital Corporation has marked its $1.1MM first lien senior secured revolving loan to Manna Pro Products, LLC and MP Blocker A LLC to market at $800,000, or 73% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Manna Pro Products, LLC and MP Blocker A LLC. The first lien senior secured revolving loan matures in December 2029. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About MANNA PRO PRODUCTS, LLC AND MP BLOCKER A LLC Manna Pro Products, LLC and MP Blocker A LLC are specialty pet nutrition and care companies, with Manna Pro focused on manufacturing and supplying specialty nutrition and care products for animals. MARS FASHION: Seeks to Use Cash Collateral ------------------------------------------ Mars Fashion US Inc. d/b/a Mars Fashion, asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection. Over the past two years, the Debtor experienced a sharp decline in revenue due to reduced tourism and weaker consumer demand, which led to slower collections on accounts receivable and severe cash flow constraints. To cover operating costs and payroll, the Debtor heavily relied on high-cost merchant cash advances and credit cards, creating debt service obligations that ultimately forced the Chapter 11 reorganization filing. The Debtor details four pre-petition secured loan facilities: a $47,847 loan from the Small Business Administration secured by a blanket UCC-1 filed in November 2021; a $60,529 loan from Lifetime Fund LLC secured by a blanket UCC-1; an $80,085 loan from Fenix Capital secured by a blanket security agreement; and a purchase money equipment loan with New Line Finance Company for a digital printer, which does not hold an interest in cash collateral. Estimating its total asset value at approximately $400,000, the Debtor considers the three blanket lienholders fully secured and proposes monthly adequate protection payments calculated at 3.75% per annum on outstanding balances: $150 per month to the SBA, $190 per month to Lifetime Fund, and $250 per month to Fenix Capital, totaling $590.00 monthly (without prejudice to challenging lien validity or amounts later). To maintain ongoing operations, retain employees, and preserve going-concern value, the Debtor requests interim authority to spend approximately $65,000 per month for essential operating expenses. Specifically, for the interim period through August 31, 2026, the Debtor seeks authorization to utilize $108,064 in cash collateral (which includes a 10% line-item variance) plus the $590 in total adequate protection payments, pursuant to its proposed operating budget. The court scheduled a final hearing for August 20 and set an August 17 deadline for filing objections. A copy of the motion is available at https://urlcurt.com/u?l=Wvhgu8 from PacerMonitor.com. About Mars Fashion US Inc. Mars Fashion US Inc., dba Mars Fashion, operates a clothing wholesale business specializing in New York tourist apparel and souvenir clothing sold to NYC-area retailers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-26-73021-las) on July 31, 2026. In the petition signed by MD M. Hossain, president, the Debtor disclosed up to $500,000 in both assets and liabilities. Judge Louis A. Scarcella oversees the case. Heath S. Berger, Esq., at BFSNG LAW GROUP, LLP, represents the Debtor as legal counsel. METALWORKING LUBRICANTS: Seeks to Tap Lex Novus as Special Counsel ------------------------------------------------------------------ Metalworking Lubricants Company seeks approval from the U.S. Bankruptcy Court for the Eastern District of Michigan to employ the Lex Novus PLC as special counsel. The firm will handle all corporate matters relating to the Debtor's business. Mark Mueller, Esq., the primary attorney in this representation, will be paid at his hourly rate of $400 per hour, plus reimbursement. Prior to the commencement of these proceedings, the firm received a retainer of $8,000 from the Debtor. Mr. Mueller 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: Mark E. Mueller, Esq. Lex Novus PLC 801 W. Big Beaver Rd., Ste. 401 Troy, MI 48084 Telephone: (248) 581-0987 Email: mark@lexnovusplc.com About Metalworking Lubricants Company Metalworking Lubricants Company is a manufacturer and marketer of industrial lubricants and related products, including cutting oils, hydraulic fluids, greases, cleaners, quenching fluids, rust inhibitors, and specialty compounds used in metalworking and industrial applications. The company operates from two facilities: a headquarters and primary manufacturing location in Pontiac, Michigan, and a second facility in Indianapolis, Indiana. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-46501) on June 5, 2026. In the petition signed by Keith Johnson, co-president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Lisa S. Gretchko oversees the case. Mark H. Shapiro, Esq., at Steinberg Shapiro & Clark represents the Debtor as legal counsel. MONTANA TUNNELS: Taps Patten Peterman Bekkedahl & Green as Counsel ------------------------------------------------------------------ Montana Tunnels Mining, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Montana to employ Patten Peterman, Bekkedahl & Green, PLLC as counsel. The firm's services include: (a) prepare the Chapter 11 bankruptcy petition and schedules I consultation with the Debtor; (b) advise the Debtor on all aspects of the Chapter 11 bankruptcy; (c) negotiate and prepare motions for cash collateral, a Chapter 11 plan, and other similar services. The firm will be paid at these hourly rates: James Patten, Attorney $500 Molly Considine, Attorney $400 Paralegals $130 - $225 In addition, the firm will seek reimbursement for expenses incurred. Mr. Patten 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: James A. Patten, Esq. Patten Peterman, Bekkedahl & Green, PLLC 401 N. 31st Street, Ste. 800 P.O. Box 7207 Billings, MT 59103 Telephone: (406) 252-8500 Facsimile: (406) 294-9500 Email: appatten@ppbglaw.com About Montana Tunnels Mining Inc. Montana Tunnels Mining, Inc. is a Jefferson City, Montana-based mining company that owns and operates an open-pit mine producing gold, silver, lead, and zinc. The company is engaged in the exploration, development, and production of precious and base metals. Montana Tunnels Mining, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 26-20193) on July 27, 2026. In its petition, the Debtor reported estimated assets of $100 million to $500 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Benjamin P. Hursh oversees the case. The Debtor is represented by James A. Patten, Esq., at Patten Peterman Bekkedahl Green PLLC. MP ELKO: Gets Final OK to Use Cash Collateral --------------------------------------------- The MP Elko, LLC received a final order from the U.S. Bankruptcy Court for the Northern District of Georgia authorizing the continued use of cash collateral in its Chapter 11 case. The order authorized the Debtor to use cash collateral until further order of the court to fund ongoing business operations under an approved budget while pursuing reorganization. As adequate protection, Security Service Federal Credit Union and the U.S. Small Business Administration were granted automatically perfected replacement liens on post-petition assets of the same nature as their prepetition collateral, excluding proceeds from Chapter 5 avoidance actions. The debtor is also authorized to make the June 2026 debt service payment of $173,883.15 to SSFCU and continue monthly adequate protection and debt service payments to SSFCU and the SBA beginning in August 2026 in accordance with the approved budget. The court also granted Central Trust Bank d/b/a Central Bank of Saint Louis a replacement lien on Veterans Administration lease rents to the extent it holds a valid perfected interest and authorized the debtor to make budgeted adequate protection payments to the bank beginning in August 2026. However, the order expressly reserves all parties' rights to litigate the validity and perfection of Central Bank's asserted lien. The final order remains effective immediately, survives plan confirmation or conversion of the case, preserves the lenders' rights and remedies, and gives the bankruptcy court exclusive jurisdiction over implementation and enforcement of the cash collateral arrangement. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/gwtqW from PacerMonitor.com. About MP Elko LLC MP Elko, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-21005) on June 25, 2026. In the petition signed by Gary L. Pinkston, member, the Debtor disclosed up to $50 million in both assets and liabilities. Judge James R Sacca oversees the case. William Rountree, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. MULBERRY GROUP: Seeks to Hire Stallings-Ribar as Tax Consultant --------------------------------------------------------------- The Mulberry Group, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Stallings-Ribar Group as property tax consultant. The firm will represent the Debtor in connection with an appeal from 2026 real property tax assessment by the Dekalb County Tax Assessor. The firm will be paid a contingent success fee as follows: (a) 15 percent of any Tax Savings from the 2026 proposed Value of $7,289,000, to the Appraisal Value of $4,750,000. If a further reduction in value is granted below $4,750,000, then 25 percent will be charged for any Tax Savings. Robert Mele Ribar, a principal at Stallings-Ribar Group, 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: Robert Mele Ribar Stallings-Ribar Group 3355 Lenox Rd NE, Ste. 750 Atlanta, GA 30026 About The Mulberry Group LLC The Mulberry Group LLC operates as a real estate investment firm, providing rental properties and related property management services. The Mulberry Group LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-20508) on April 13, 2025, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. The petition was signed by S. Roger Cahoon as managing member. The Debtor tapped John A. Christy, Esq., at Schreeder, Wheeler & Flint, LLP as counsel; Hungeling-Grace CPA as accountant; and David F. Cooper, PC and Marsh Atkinson & Brantley LLC as special counsel. MULBERRYS MOBILE: Hires Latham Luna Eden & Beaudine as Counsel -------------------------------------------------------------- Mulberrys Mobile Provider Services, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ the Latham, Luna, Eden & Beaudine, LLP as counsel. The firm will render these services: (a) advise the Debtor's rights and duties in this case; (b) prepare pleadings related to this case; and (c) take any and all other necessary action incident to the proper preservation and administration of this estate. The firm's attorneys will be paid at these hourly rates: Justin Luna, Attorney $600 Other Attorneys $395 Junior Paraprofessionals $105 Prior to the commencement of this case, the Debtor paid an advance fee of $31,738. Mr. Luna 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: Justin M. Luna, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, FL 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: jluna@lathamluna.com About Mulberrys Mobile Provider Services LLC Mulberrys Mobile Provider Services, LLC is a Hawthorne, Florida-based provider of mobile medical and ambulatory health care services. The company offers primary care, advanced wound care, telehealth, and other mobile healthcare services throughout Northeast Florida. In addition to its mobile units, the company operates three physical clinics and maintains active professional licensure through April 2027. Founded in 2018, it was recognized in 2025 as a prominent Black-owned healthcare business in the region. Mulberrys Mobile Provider Services, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-10213) on July 21, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $500,000 to $1 million. The Debtor is represented by Justin M. Luna, Esq., of Latham, Luna, Eden & Beaudine, LLP. Jerrett McConnell, Esq., at McConnell Law Group, PA named as Subchapter V trustee. MY SIZE: Secures Up to $10M Equity Line from Square Gate Capital ---------------------------------------------------------------- My Size, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on Aug. 5, 2026, it entered into an Equity Purchase Agreement with Square Gate Capital Master Fund, LLC - Series 5, pursuant to which the Company will have the right, but not the obligation, to sell to the Investor, and the Investor will have the obligation to purchase from the Company, up to $10 million worth of the Company's shares of common stock, at the Company's sole discretion, over the next 36 months, subject to certain conditions precedent and other limitations. Unless earlier terminated, the Equity Purchase Agreement will remain in effect until the earlier of Aug. 5, 2029 (i.e., the expiry of the 36-month period commencing on the Execution Date) or the date on which the Investor has purchased the Maximum Commitment Amount. The Company has the right to terminate the Equity Purchase Agreement at any time, subject to certain provisions as set forth in the Equity Purchase Agreement. The Investor has the right to terminate the Equity Purchase Agreement under certain provisions as set forth in the Equity Purchase Agreement, including the continued listing of the Company's common stock on an Eligible Market. During the Commitment Period, the Company will have the right, but not the obligation, to direct the Investor to make a purchase of the Put Shares by delivering written notice to the Investor on any trading day to purchase a number of Put Shares pursuant to a formula set forth in the Equity Purchase Agreement. The number of Put Shares that the Company can issue to the Investor from time to time under the Equity Purchase Agreement may not exceed 4.99% of the number of shares of the Company's common stock outstanding immediately after giving effect to the issuance of shares issuable pursuant to a Put Notice. Put Notices mean either a Regular Put Notice or an Intraday Put Notice. Notwithstanding anything to the contrary in the Equity Purchase Agreement, the Company may not effect, and Investor will not be obligated to make, any sales under the Equity Purchase Agreement to the extent that the aggregate number of shares issued under the Equity Purchase Agreement would exceed 1,024,597 shares (representing 19.99% of the aggregate number of shares of common stock issued and outstanding as of the Execution Date). The Exchange Cap will not apply if: (a) the Company's stockholders approve the issuance of shares of common stock pursuant to the Equity Purchase Agreement in excess of the Exchange Cap in accordance with the rules of the Nasdaq Stock Market, or (b) the Average Price of all applicable sales of shares hereunder (including any sales covered by a Regular Put Notice or Intraday Put Notice that has been delivered prior to the determination) equals or exceeds $0.3706 per share (which represents the lower of (i) the Nasdaq Official Closing Price immediately preceding the Execution Date and (ii) the average Nasdaq Official Closing Price for the five Trading Days immediately preceding the Execution Date). The "Average Price" is calculated by dividing the aggregate gross purchase price paid by Investor for all shares purchased under the Equity Purchase Agreement by the aggregate number of shares issued thereunder; for this calculation, the purchase price for each Commitment Share is deemed to be $0. As a result, if the market price of our common stock declines such that the Average Price falls below $0.3706 per share, the Company would be limited to issuing only 1,024,597 shares under the Equity Purchase Agreement unless it obtains stockholder approval. The per share purchase price for the Put Shares that the Company elects to sell to the Investor in a Regular Put Notice will be equal to 96.5% of the lowest daily volume-weighted average price during the Regular Valuation Period. The per share purchase price for the Put Shares that the Company elect to sell to the Investor in an Intraday Put Notice will be equal to 100% of the lowest traded price during the Intraday Valuation Period. The Company also agreed to pay a $100,000 commitment fee, which was paid in the form of 269,229 shares of common stock issued to the Investor in accordance with the terms of the Equity Purchase Agreement. Upon the earlier of: (i) the Commitment Shares becoming eligible for resale under Rule 144 or (ii) the effectiveness of the registration statement covering the resale of the Commitment Shares, if the True-Up Commitment Share Reference Price is less than the Initial Commitment Share Reference Price, the Company will immediately issue additional True-Up Commitment Shares, for no additional cash consideration, so that the aggregate number of Commitment Shares equals $100,000 divided by the True-Up Commitment Share Reference Price. The True-Up Commitment Share Reference Price is generally based on the closing price of the common stock on or around the date on which the Registration Statement is declared effective by the Securities and Exchange Commission or the date on which the initial Commitment Shares become Rule 144 eligible, whichever occurs first, as more fully described in the Equity Purchase Agreement. The Commitment Fee and Commitment Shares are fully earned as of the Execution Date and are not contingent upon any other event or condition, including the effectiveness of the registration statement or the Company's submission of a Put Notice. Unless waived by Investor, the Company has agreed not to issue any shares of common stock or other securities convertible into or exercisable or exchangeable for shares of common stock, or enter into any agreement to do so: (a) for a period of 10 Trading Days following the date the Registration Statement is declared effective by the SEC, and (b) during each Standstill Period (as defined in the Equity Purchase Agreement), which generally begins upon the submission of a Put Notice that has been accepted and ends upon the later of (1) the Trading Day following the expiration of the applicable Valuation Period and (2) the close of the trading day on which the aggregate trading volume of the common stock since issuance of such Put Notice exceeds 400% of the number of Put Shares sold pursuant to such Put Notice. The provisions of this Standstill restriction do not apply to sales of securities in an "at-the-market" offering, except during the period from the time when the Regular Valuation Period expires until the time specified in clause (b)(2) above. These restrictions may limit the Company's ability to raise additional capital through equity financings during the term of the Equity Purchase Agreement. During the Standstill, the Company are also prohibited from entering into variable rate transactions, as defined in the Equity Purchase Agreement, subject to certain customary exceptions. In addition, so long as the Equity Purchase Agreement remains in effect, the Company have agreed not to enter into any other equity line of credit agreement with any other party without Investor's prior written consent. The Investor has covenanted not to cause or engage in any short sales or hedging transactions with respect to the shares of the Company's common stock. Registration Rights Agreement Additionally, on Aug. 5, 2026, the Company also entered into a registration rights agreement with the Investor, pursuant to which the Company agreed to submit to the SEC an initial registration statement on Form S-1 by the 30th calendar day after the date of the Registration Rights Agreement, covering the resale of the Commitment Shares, which may have been, or which may from time to time be, issued under the Equity Purchase Agreement for public resale, and to use commercially reasonable efforts to cause the Registration Statement to be declared effective by the SEC. The Equity Purchase Agreement and Registration Rights Agreement contain customary representations, warranties and agreements by the Company and customary conditions to the Investor's obligation to purchase the Put Shares. Actual sales of shares of the Company's common stock, if any, to the Investor under the Equity Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Company's common stock and determinations by the Company as to the appropriate sources of funding for the Company and its operations. The net proceeds to the Company from sales of the Company's common stock to the Investor under the Equity Purchase Agreement, if any, will depend on the frequency and prices at which the Company sells shares to the Investor under the Equity Purchase Agreement. Any proceeds that the Company receives from sales of shares of the Company's common stock to the Investor under the Equity Purchase Agreement will be used for working capital and general corporate purposes. Full-text copies of the Equity Purchase Agreement and Registration Rights Agreement are available at https://tinyurl.com/5xhmky9x and https://tinyurl.com/5fxb3pp4, respectively. About MySize, Inc. Airport City, Israel-based My Size, Inc. (NASDAQ: MYSZ) -- http://www.mysizeid.com/-- is an omnichannel e-commerce platform and provider of AI-driven measurement solutions that drive revenue growth and reduce costs for online retailers while generating big data and machine learning analytics. Tel Aviv, Israel-based Somekh Chaikin, a member of KPMG International, the Company's auditor since 2017, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred significant losses and negative cash flows from operations and has an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $8.5 million in total assets, $4.5 million in total liabilities, and $4 million in total stockholders' equity. NEO ZONE: Unsecureds to Recover Between 25% to 35% in Plan ---------------------------------------------------------- Neo Zone, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Illinois a First Amended Plan of Reorganization under Subchapter V dated July 30, 2026. Neo Zone, Inc., established in January 2018 and operating as OB Express Transportation, is a trucking company providing transportation services to long-term customers. The company has maintained strong customer relationships, with many clients working with it for more than eight years, which is expected to support continued operations after bankruptcy. The company expects future growth beginning in June 2026 due to increased business volume from an Indiana customer's new production activity and additional new customer accounts. The bankruptcy process also allowed Neo Zone to reject an expensive lease, reducing expenses and improving cash flow. The company's financial projections indicate sufficient future disposable income to meet its plan obligations. Under the proposed plan, holders of allowed unsecured claims (Class 2) will receive a share of $900,000 in total payments distributed annually over five years, with payments of $180,000 per year beginning one year after the plan's effective date. Estimated recoveries for unsecured creditors are projected to be between 25% and 35%, depending on the outcome of disputed claims by Clear Fund Solutions. Clear Fund Solutions filed a secured claim of approximately $1.05 million, which Neo Zone disputes regarding both priority and amount. The company states that the related UCC filing was terminated and that the claim was paid in full, and it plans to object to the claim. Certain disputed claims without timely filed proofs of claim will not receive distributions. Equity holders (Class 3) will retain their ownership interests. The company's principal, Jae Suk Lee, will continue as President, receive an annual salary of $150,000, and remain responsible for implementing the plan. A shareholder loan owed to the principal of approximately $650,000 is subordinated to other unsecured claims and will not be paid until those claims are satisfied in full. The reorganized company will fund plan payments through its operating income. On the plan's effective date, the company's assets will transfer to the reorganized debtor, which will continue operations under the leadership of Jae Suk Lee. A full-text copy of the First Amended Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=o0NYwN from PacerMonitor.com at no charge. Co-Counsel to the Debtor: David Freydin, Esq. Law Offices of David Freydin 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 Email: david.freydin@freydinlaw.com - and - Miriam Stein Granek, Esq. GUTNICKI LLP 4711 Golf Road, Suite 200 Skokie, IL 60076 Telephone: (847) 745-6592 E-mail: mgranek@gutnicki.com About Neo Zone Inc. Neo Zone, Inc., a company based in Shorewood, Illinois, provides intermodal transportation and logistics services, including container drayage, yard operations, and related freight handling, serving customers in the United States. It operates a fleet of intermodal chassis, trailers, and material-handling equipment supporting port-and terminal-based cargo movements. Neo Zone filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-19703) on Dec. 29, 2025, listing between $1 million and $10 million in assets and liabilities. Judge Deborah L. Thorne presides over the case. David Freydin, Esq., at the Law Offices of David Freydin Ltd., is the Debtor's bankruptcy counsel. NICK'S PIZZA: Court Extends Cash Collateral Access to Sept. 18 -------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois issued its ninth interim order authorizing Nick's Pizza & Pub, Ltd. to use cash collateral. Under the ninth interim order, the Debtor is authorized to use its lenders' cash collateral to pay the expenses set forth in its budget through September 18 or the date of the final hearing. The Debtor may make monthly partial rent payments for its Crystal Lake and Elgin restaurants from available operating funds after setting aside a $75,000 reserve and paying Section 330 attorneys' fees pursuant to Section 330 of the Bankruptcy Code. The next hearing is scheduled for September 16. The Debtor's lenders are St. Charles Bank & Trust Company, N.A., Rewards Network Establishment Services, Inc. and On Deck Capital, Inc. St. Charles Bank & Trust, successor by merger with First Community Bank, asserts that it holds a lien on assets of the Debtor pursuant to UCC-1 financing statements it filed against the Debtor. The lender provided a $5.725 million loan to the Debtor to, among other things, assist in the refinancing of the Debtor's real property and construction of a restaurant. Similar security interests may be asserted by Rewards pursuant to its 2017 Receivables Purchase and Marketing Agreement with the Debtor. The agreement included language granting a security interest in certain property owned by the Debtor. A copy of the court's order and the budget is available at https://shorturl.at/XltCl from PacerMonitor.com. About Nick's Pizza & Pub Ltd. Nick's Pizza & Pub, Ltd. is a family-friendly restaurants in Crystal Lake and Elgin, serving thin-crust Chicago pizza. Nick's Pizza & Pub filed Chapter 11 petition (Bankr. N.D. Texas Case No. 24-18037) on December 2, 2024, with assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Nicholas Sarillo, president of Nick's, signed the petition. Judge Janet S. Baer handles the case. Matthew T. Gensburg, Esq., at Gensburg Calandriello & Kanter, P.C. is the Debtor's legal counsel. St. Charles Bank & Trust Company, N.A., as lender, is represented by: John Adam Powers, Esq. Brotschul Potts, LLC 1 Tower Lane, Suite 2060 Oak Brook Terrace, IL 60181 Phone: (312) 551-9003 apowers@brotschulpotts.com NLC PRODUCTS: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- NLC Products Inc. got the green light from the U.S. Bankruptcy Court for the Eastern District of Arkansas, Central Division, to use cash collateral. The court entered an interim order authorizing the Debtor to use cash collateral to fund operations based on its approved budget and to receive so-called excess cash funds. The Debtor expects to realize approximately $1 million in excess cash proceeds from the sale of its real estate for $1.55 million after payment of its remaining secured debt to Arvest Bank. The sale is expected to close this month. Under the budget for July 31 through January 1, 2027, management projects that use of cash collateral will significantly strengthen the Debtor's financial position, boosting total cash reserves from $48,446 to $1.4 million by the start of 2027. It will also enable the Debtor to file a Chapter 11 plan by August 31, providing greater recoveries to unsecured creditors than a Chapter 7 liquidation. The court ruled that Arvest Bank and other creditors are adequately protected by an equity cushion. The order is available at http://bankrupt.com/misc/NLCProducts_CCOrder149.pdf Arvest Bank, as secured lender, is represented by: Geoffrey B. Treece, Esq. Quattlebaum, Grooms & Tull, PLLC 111 Center Street, Suite 1900 Little Rock, AR 72201 Telephone: 501.379.1735 (Direct) Facsimile: 501.379.1701 (Direct) gtreece@qgtlaw.com About NLC Products Inc. NLC Products Inc. is a privately held company specializing in niche catalog and e-commerce retail. Based in Arkansas, it operates a range of brands across various lifestyle segments, including gifts, apparel, and specialty merchandise. One of its notable subsidiaries is SGT GRIT, a brand dedicated to United States Marine Corps-themed apparel and accessories, which NLC acquired to expand its patriotic and military-focused offerings. NLC Products Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ark. Case No. 25-11264) on April 14, 2025. In its petition, the Debtor reported total assets of $4,144,606 and total liabilities of $3,997,628. Judge Phyllis M. Jones handles the case. The Debtor is represented by Kevin P. Keech, Esq., at Keech Law Firm, PA. NOR CAL DESIGN: Gina Klump Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 17 appointed Gina Klump, Esq., at the Law Office of Gina R. Klump, as Subchapter V trustee for Nor Cal Design & Construction, Inc. Ms. Klump will be paid an hourly fee of $535 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Klump declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Gina Klump, Esq. Law Office of Gina R. Klump 11 5th Street, Suite 102 Petaluma, CA 94952 Phone: (707) 778-0111 Email: gklump@klumplaw.net About Nor Cal Design & Construction Inc. Nor Cal Design & Construction Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Calif. Case No. 26-41510) on July 29, 2026, with $500,001 to $1 million in assets and liabilities. Judge Dennis Montali presides over the case. NUWELLIS INC: Lind Global Holds 6.2% Equity Stake ------------------------------------------------- Lind Global Fund III LP, together with Lind Global Partners III LLC and Jeff Easton, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that as of Aug. 3, 2026, they beneficially own 193,050 shares of Nuwellis, Inc.'s Common Stock, par value $0.0001 per share with sole voting power and sole dispositive power over all 193,050 shares, and no shared voting or dispositive power, representing 6.2% of the Common Stock. The ownership consists of 193,050 shares of common stock and 193,050 warrants to purchase shares of common stock. Due to conversion limitations on the warrants (which limit beneficial ownership to no greater than 4.99% of the Company), the reported beneficial ownership is limited to 193,050 shares in the aggregate. Lind Global Partners III LLC is the general partner of Lind Global Fund III LP, and Jeff Easton is the managing member of Lind Global Partners III LLC; each may be deemed to have sole voting and dispositive power with respect to the shares held by the fund. Lind Global Fund III LP may be reached through: Jeff Easton, Managing Member 444 Madison Ave Floor 41 New York, NY 10022 Tel: 646-701-7428 A full-text copy of Lind Global Fund III LP's SEC Report is available at https://tinyurl.com/5967nud2. About Nuwellis Nuwellis, based in Eden Prairie, Minnesota, develops, manufactures, and commercializes medical devices used in ultrafiltration therapy, including the Aquadex System. The Company focuses on cardiorenal care and fluid management for patients. Its Aquadex SmartFlow system is indicated for temporary or extended use in adult and pediatric patients weighing 20 kilograms or more whose fluid overload is unresponsive to medical management, including diuretics. Fluid overload, also known as hypervolemia, occurs when too much fluid builds up in the blood, vital organs, and interstitial space. Minneapolis, Minnesota-based Baker Tilly US, LLP, the Company's auditor since 2017, issued a "going concern" qualification in its report dated March 11, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company has recurring losses from operations, an accumulated deficit, expects to incur losses for the foreseeable future, and needs additional working capital. These are the conditions that raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $6.96 million in total assets, $4.29 million in total liabilities, and $2.66 million in total stockholders' equity. OHA PAPI: Seeks to Hire Turbo Financial as Financial Advisor ------------------------------------------------------------ Oha Papi, LLC, doing business as Simple Auto DFW, seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Turbo Financial, LLC as financial advisor. The firm will provide Michael Hill as chief financial officer (CFO) and certain additional personnel to the Debtors. The CFO and additional personnel will provide these services: (a) assist the Debtor and its counsel with general matters related to a restructuring and cash collateral compliance; (b) assist the Debtor with bankruptcy-required reporting, including Monthly Operating Reports (MOR); (c) assist the Debtor and its counsel, as requested, to complete and file the required Schedules of Assets and Liabilities and Statement of Financial Affairs, and prepare for the section 341 Meeting of Creditors; (d) assist the Debtor and its counsel to obtain financing, if needed; (e) assist the Debtor to develop and maintain thirteen-week cash forecasts and any budget-to-actual reporting or other reporting as may be required by potential debtor-in-possession financing and cash collateral lenders; (f) support the development of the Plan of Reorganization; and (g) other services as may be agreed upon between Mr. Hill and the Debtor. Mr. Hill will be paid at a rate of $4,375 per week, including any orders authorizing use of cash collateral or post-petition financing. Mr. Hill 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: Michael Hill Turbo Financial, LLC 11172 Huron St., Ste. 22 Northglenn, CO 80234 Telephone: (888) 887-2640 About Oha Papi LLC Oha Papi, LLC, doing business as Simple Auto DFW, is a Dallas, Texas-based buy here, pay here used car dealership. The company specializes in the retail sale and financing of pre-owned vehicles, offering in-house financing solutions to customers with a wide range of credit profiles. Oha Papi, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42348) on July 6, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The filing indicates that funds will be available for distribution to unsecured creditors. The Honorable Brenda T. Rhoades handles the case. The Debtor tapped Robert C. Rowe, Esq, at Carrington, Coleman, Sloman & Blumenthal, LLP as counsel and Turbo Financial, LLC as financial advisor. OHA PAPI: Taps Carrington Coleman Sloman & Blumenthal as Counsel ---------------------------------------------------------------- Oha Papi, LLC, doing business as Simple Auto DFW, seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Carrington, Coleman, Sloman & Blumenthal, LLP as counsel. The firm's services include: (a) advise the Debtor concerning its powers and duties in the continued operations of its business and management of its property; (b) act to help protect, preserve and maximize the value of the Debtor's estate; (c) prepare all necessary motions, applications, reports, and pleadings in connection with the Debtor's Chapter 11 case; and (d) perform such other legal services for the Debtor in connection with its chapter 11 case that it determines are necessary and appropriate. In advance of filing, the Debtor paid the firm a prepetition retainer of $250,000. Mark Castillo, Esq., an attorney at Carrington, Coleman, Sloman & Blumenthal, 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: Mark A. Castillo, Esq. Carrington, Coleman, Sloman & Blumenthal, LLP 2200 Ross Ave., Suite 1800 Dallas, TX 75201 Telephone: (214) 855-3000 Facsimile: (214) 580-2641 Email: markcastillo@ccsb.com About Oha Papi LLC Oha Papi, LLC, doing business as Simple Auto DFW, is a Dallas, Texas-based buy here, pay here used car dealership. The company specializes in the retail sale and financing of pre-owned vehicles, offering in-house financing solutions to customers with a wide range of credit profiles. Oha Papi, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42348) on July 6, 2026. In its petition, the Debtor reports estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The filing indicates that funds will be available for distribution to unsecured creditors. The Honorable Brenda T. Rhoades handles the case. The Debtor tapped Robert C. Rowe, Esq, at Carrington, Coleman, Sloman & Blumenthal, LLP as counsel and Turbo Financial, LLC as financial advisor. OMEGA INVESTIGATION: Unsecureds to Recover 1.5% over 60 Months -------------------------------------------------------------- Omega Investigation Services, Corp. filed with the U.S. Bankruptcy Court for the District of Puerto Rico a Disclosure Statement describing Plan of Reorganization for Small Business dated July 30, 2026. The Debtor is a corporation that has provided private security services throughout Puerto Rico since 2014. Its services include access control, security patrols, surveillance, monitoring, and related security solutions for residential communities, commercial establishments, educational institutions, government entities, and private clients. The Debtor's sole officer, director, shareholder, and insider is Luis J. Crespo. The company filed for Chapter 11 bankruptcy after it was unable to reach a payment agreement with the Puerto Rico Department of Treasury (Hacienda). Hacienda's collection actions included closing the business and seizing assets, prompting the Debtor to seek bankruptcy protection to resume operations, preserve its business, and reorganize its financial obligations. Treatment of Claims Class 1 Cure Claim of SR Security Systems LLC: * The allowed claim of SR Security Systems LLC will be paid 100% of its allowed amount without interest. * Payments will be made in six equal monthly installments, beginning November 1, 2026, and ending April 1, 2027. Class 2 Non-Priority General Unsecured Claims: * General unsecured creditors will receive a pro rata distribution equal to 1.5% of their allowed claims. * Payments will be made in 60 equal monthly installments beginning after the Effective Date of the Plan. * After completion of these payments, all remaining balances of the unsecured claims will be deemed satisfied and discharged. * This class is impaired. Class 3 Equity Interests: * Luis Crespo, as the sole shareholder, will retain his ownership interest because he contributed $20,000 in new value and canceled $27,000 of pre-petition debt through post-petition financing approved by the Court to satisfy the absolute priority rule. * The interests of all other shareholders will be canceled on the Effective Date of the Plan. Plan Funding and Feasibility The Plan will be funded through the Debtor's ongoing business operations, together with the financial contributions made by Luis Crespo. The Plan's financial projections estimate an average annual cash flow of $67,571, after payment of operating expenses and post confirmation taxes. The Debtor asserts that the Plan is feasible and not likely to be followed by liquidation or the need for further financial reorganization. The final payment under the Plan is expected to be made on October 1, 2031. A full-text copy of the Disclosure Statement dated July 30, 2026 is available at https://urlcurt.com/u?l=Z06hBF from PacerMonitor.com at no charge. Counsel to the Debtor: Alexis Fuentes-Hernandez, Esq. 366 Calle Fortaleza, Fl. 2 San Juan, PR 00901 About Omega Investigation Services Corp. Omega Investigation Services Corp. is a company presumably providing investigation and security-related services based in San Juan, Puerto Rico. Omega Investigation Services sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-03647) on Aug. 15, 2025. In its petition, the Debtor listed assets between $100,000 and $500,000, and liabilities between $500,000 and $1 million. The Debtor is represented by Alexis Fuentes-Hernandez, Esq. OMNIS PLEASANTS: Hires Stretto as Claims and Noticing Agent ----------------------------------------------------------- Omnis Pleasants, LLC, doing business as Pleasants Power Station, seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Stretto, Inc. as claims and noticing agent. Stretto will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 case of the Debtor. Prior to the petition date, the Debtor provided Stretto an advance in the amount of $25,000. Sheryl Betance 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: Sheryl Betance Stretto, Inc. 410 Exchange, Ste. 100 Irvine, CA 92602 Telephone: (714) 716-1872 Email: sheryl.betance@stretto.com About Omnis Pleasants LLC Omnis Pleasants LLC, doing business as The Pleasants Power Station, operates a 1,278-megawatt coal-fired power plant that supplies critical generating capacity to the regional electricity market, supports grid reliability, and employs nearly 140 workers in West Virginia. Omnis Pleasants sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11169) on July 26, 2026. In its petition, the Debtor reported between $50 million and $100 million in both assets and liabilities. The Debtor tapped Andrew L. Magaziner, Esq., at Young Conaway Stargatt & Taylor, LLP and Herbert Smith Freehills Kramer (US) LLP as bankruptcy counsel; AlixPartners, LLP as financial advisor; and Stretto, Inc. as claims and noticing agent. OTG CONCESSIONS: Ares Capital Marks $9.7MM 2L Loan at 25% Off ------------------------------------------------------------- Ares Capital Corporation has marked its $9.7MM second lien notes to OTG Concessions Management, LLC and Octa Parent Holdings, LLC to market at $7.3MM, or 75% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to OTG Concessions Management, LLC and Octa Parent Holdings, LLC. The second lien notes mature in February 2031. Ares Capital is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About OTG CONCESSIONS MANAGEMENT, LLC AND OCTA PARENT HOLDINGS, LLC OTG Concessions Management, LLC and Octa Parent Holdings, LLC operate airport concessions and hospitality services. PACIFIC PRAIRIE: Files Amendment to Disclosure Statement -------------------------------------------------------- Pacific Prairie Holdings, LLC, submitted a First Amended Disclosure Statement describing Plan of Reorganization dated July 30, 2026. Pacific Prairie Holdings, LLC is a single-asset real estate company formed in 2016 to own and operate property located at S42 W31428 Hwy 83, Genesee Depot, Wisconsin, which houses a restaurant, bar, coffee shop, and residential units. The property is located less than half a mile from the Ten Chimneys historic landmark, allowing the Debtor and its wholly owned operating company, Vittles and Vine, LLC (Vittles), to serve both tourists and local customers. The Debtor has no employees. Its expenses consist primarily of property maintenance, insurance, and debt service. Its income is generated from: * $2,000 per month in rent from the completed residential unit leased to the owners, Kristina Verzi and Steve Smith. * $3,000 per month in rent from the restaurant and bar space leased to Vittles. After in-person dining resumed in 2021, Vittles experienced operational difficulties, including staffing shortages and increased food and payroll costs due to inflation. Communication with Waukesha State Bank declined, and the bank declared defaults in 2023 after two late mortgage payments. On February 28, 2024, Waukesha State Bank filed a foreclosure lawsuit against the Debtor, Vittles, Kristina Verzi, and Steve Smith. Judgments for foreclosure, replevin, and monetary relief were entered on September 16, 2024. The property was sold at a sheriff's sale on March 26, 2025 for $475,000, and the bank later sought court confirmation of the sale. The Chapter 11 case was filed primarily to restructure the Debtor's SBA 7(a) loan with Waukesha State Bank. The Plan proposes commercially reasonable repayment terms for the bank's secured claim. Class 1 consists of Waukesha State Bank Secured Claim. The bank's secured claim is allowed and fully secured. The bank is entitled to accrued and accruing interest, costs, and reasonable attorney fees as provided under the loan documents and applicable law. The Debtor's guaranty of the Vittles loan is included in the case, but Vittles, Kristina Verzi, and Steve Smith remain liable for their obligations under related judgments because they are not debtors in the bankruptcy case. Beginning the month after the Effective Date, the Debtor will make 35 monthly payments of $3,900, with interest calculated under the SBA loan terms. The interest rate will be determined by the Wall Street Journal Prime Rate plus a 2.75% margin, adjusted quarterly beginning January 1, 2026. The Debtor may prepay the loan without penalty. Any remaining balance must be paid in full by the 36th month following the Effective Date. Payments will be allocated 97.5% to the SBA loan and 2.5% to the Vittles loan Class 2 consists of General Unsecured Claims. The Debtor will pay all Class 2 claims in full on or before the first day of the month following the Effective Date using available cash reserves. This class is impaired and entitled to vote on the Plan. The Debtor did not schedule any nonpriority unsecured claims, but the following claims were filed: * Internal Revenue Service: $200.00 general unsecured claim. * Wisconsin Department of Revenue: $558.24 general unsecured claim. Plan Funding The Debtor intends to fund Plan payments through: * $3,000 per month in rent from Vittles, with the lease potentially amended to provide additional rent if necessary. * $2,000 per month in rent from Kristina Verzi and Steve Smith. * Lump-sum payments from the Debtor's and Vittles' cash reserves to satisfy priority tax claims ($1,844.43) and Class 2 unsecured claims ($758.24). * Personal financial contributions from Kristina Verzi and Steve Smith, if needed, to support payments to Waukesha State Bank under the Plan. A full-text copy of the First Amended Disclosure Statement dated July 30, 2026 is available at https://urlcurt.com/u?l=UjJ4Lo from PacerMonitor.com at no charge. Counsel to the Debtor: Craig E. Stevenson, Esq. Michael C. Jurkash, Esq. Swanson Sweet LLP 8020 Excelsior Drive, Ste 401 Madison, WI 53717 Phone: (920) 633-3397 About Pacific Prairie Holdings Pacific Prairie Holdings, LLC is a single asset real estate company formed in 2016 to operate a restaurant, bar, and coffee shop located at S42 W31428 Hwy 83, Genesee Depot, WI 53127. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wis. Case No. 25-22125) on April 18, 2025. In the petition signed by Kristina Verzi, authorized individual, the Debtor disclosed up to $1 million in assets and up to $500,000 in liabilities. Judge G. Michael Halfenger oversees the case. Craig Stevenson, at Swanson Sweet, LLP, is the Debtor's legal counsel. PARKVILLE FOOD: Seeks Approval to Hire Maltz Auctions as Appraiser ------------------------------------------------------------------ Parkville Food Center LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Maltz Auctions, Inc. as appraiser. The firm will render these services: (a) prepare a full itemized appraisal of specified items of the Debtor's store equipment; (b) conduct a physical site inspection of the Debtor's premises at 109 Lawrence Avenue, Brooklyn, New York; (c) deliver its itemized appraisal report, setting forth auction/liquidation values on an item-by-item basis. The firm will be paid at a flat fee of $5,750 from the Debtor. David Constantino, vice president of operations at Maltz Auctions, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David Constantino Maltz Auctions, Inc. 39 Windsor Place Central Islip, NY 11722 About Parkville Food Center LLC Parkville Food Center LLC filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 25-45929) on Dec. 11, 2025, listing up to $500,000 in assets and up to $10 million in liabilities. Judge Elizabeth S. Stong oversees the case. The Debtor tapped the Law Offices of Charles Wertman PC as counsel. PLANVIEW PARENT: New Mountain Marks $9.2MM 2L Loan 26% Off ---------------------------------------------------------- New Mountain Finance Corp has marked its $9,231,000 loan to Planview Parent, Inc. to market at $6,811,000 or 74% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to Planview Parent, Inc. The second lien loan accrues interest at 9.48% per annum. The second lien loan matures in December 2028. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About PLANVIEW PARENT, INC. Limited information about Planview Parent, Inc. was available from the filing. PLATINUM PINES: Dawn Maguire Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 14 appointed Dawn Maguire, Esq., at Guttilla Murphy Anderson, as Subchapter V trustee for Platinum Pines Ranch LLC. Ms. Maguire will be paid an hourly fee of $395 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Maguire declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Dawn Maguire, Esq. 10115 E. Bell Rd., Ste. 107 #498 Scottsdale, AZ 85260 Phone: (480) 304-8302 Fax: (480) 304-8301 Email: Trustee@MaguireLawAZ.com About Platinum Pines Ranch LLC Platinum Pines Ranch LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-07705) on July 31, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Eli T. Enger, Esq. at Udall Shumway PLC represents the Debtor as legal counsel. PLATINUM RECRUITING: Gets OK to Use Cash Collateral Until Aug. 28 ----------------------------------------------------------------- Platinum Recruiting Group Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, to use cash collateral in accordance with a four-week budget through August 28. Prior to filing, the Debtor entered into several Merchant Cash Advance agreements whose high interest rates and frequent weekly bank account withdrawals created severe cash flow shortages, necessitating bankruptcy relief to maintain ordinary business operations and meet payroll obligations. The Debtor details the Debtor's cash collateral assets as of the petition date, which total $337,698 across a First Financial Bank account ($74,984), a Chase Bank account ($1,978), and outstanding accounts receivable ($260,735). Based on a preliminary UCC search, the Debtor identifies two primary secured creditors claiming perfected interests in cash collateral: senior lienholder First Financial Bank, owed $593,168 under a blanket security filing originally dated July 2017, and the Small Business Administration, owed $53,422 on an Economic Injury Disaster Loan subject to a pre-petition subordination agreement in favor of First Financial Bank. Additional junior UCC filings were recorded between June 2025 and July 2026 by representatives including First Corporate Solutions and CT Corporation System for unknown balances. As adequate protection for potential collateral diminution, the Debtor offers granting First Financial Bank and the SBA replacement liens on post-petition cash collateral to the same extent, validity, and priority as their pre-petition liens, explicitly excluding estate avoidance causes of action under Sections 506(d) and 544 through 551. As additional adequate protection, the Debtor offers continuing a direct monthly auto-draft payment of $7,826 to First Financial Bank from its account, matching the pre-petition payment terms established under an April 2026 forbearance agreement. A copy of the court's order is available at https://shorturl.at/b2xSG from PacerMonitor.com. The final hearing is scheduled for August 31. Any objection to the final order must be filed and served at least two business days before the hearing. About Platinum Recruiting Group Inc. Platinum Recruiting Group Inc is an Indiana corporation operating as an executive search and professional placement firm serving lower middle market companies and Fortune 500 corporations across Central Indiana, the Midwest, and national markets. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-04997-JMC-11) on July 31, 2026. In the petition signed by Brian McCall, chief executive officer/owner, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge James M. Carr oversees the case. Laura DuVall, Esq., at Rochelle McCullough, LLP, represents the Debtor as legal counsel. PLH HOMES: Seeks to Hire JLW Tax and Bookkeeping as Accountant -------------------------------------------------------------- PLH Homes, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ JLW Tax and Bookkeeping, LLC as accountant. The firm will assist the Debtor in preparing and filing prepetition tax returns as well as its tax returns during this case. Jackie Westenberger, a principal at JLW Tax and Bookkeeping, 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: Jackie Westenberger JLW Tax and Bookkeeping, LLC 5437 S. Eastern Avenue Las Vegas, NV 89119 About PLH Homes LLC PLH Homes LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-57236) on June 1, 2026, with $1,000,001 to $10 million in assets and liabilities. The Debtor tapped Will B. Geer, Esq. at Rountree Leitman Klein & Geer LLC as counsel and JLW Tax and Bookkeeping, LLC as accountant. PRO RACKING: Gets OK to Use Cash Collateral ------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Riverside Division, entered a final order granting Pro Racking Systems Corp. approval to use cash collateral in its Chapter 11 bankruptcy case. Under the final order, the Debtor is authorized to use cash collateral through September 27 in accordance with the operating budget. The cash collateral may be used only for the ordinary and necessary operating expenses of the Debtor's business, ensuring that business operations can continue during the Chapter 11 proceedings. As adequate protection, all creditors holding pre-petition security interests in cash collateral are granted replacement liens on the Debtor's post-petition assets. These replacement liens carry the same extent, validity, priority, and enforceability as the creditors' pre-petition security interests in the cash collateral, protecting them against any diminution in the value of their collateral resulting from the authorized use of cash collateral. The order is available at https://shorturl.at/ceVuI About Pro Racking Systems Corp. Pro Racking Systems Corp. installs warehouse storage and pallet racking systems for commercial and industrial facilities, undertaking metal racking construction and tenant improvement projects. The company operates through licensed contracting activities tied to large-scale warehouse installations for commercial clients. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-12211) on March 25, 2026. In the petition signed by Gabriel J. Galeana, chief executive officer and sole shareholder, the Debtor disclosed $685,550 in total assets and $1,084,073 in total liabilities. Judge Scott H. Yun oversees the case. Joanne Sanchez, Esq., at Sanchez & Baltazar Attorneys, P.C., represents the Debtor as legal counsel. PROVIDENTIAL LENDING: Seeks to Hire Gentry Real Estate as Broker ---------------------------------------------------------------- Providential Lending Services, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Gentry Real Estate as real estate broker. The firm will market, list and sell its properties located at: (a) 1231 E Grandview St., Mesa, AZ; (b) 130 E. 2nd Ave., Mesa, AZ; and (c) 1525 E. Indigo St., Mesa, AZ. The firm will receive a commission of $400 for the sale of each property. John Conover, a real estate agent at Gentry Real Estate, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John Conover Gentry Real Estate 3303 E. Baseline Rd., Ste. 119 Gilbert, AZ 85234 About Providential Lending Services Providential Lending Services, LLC, is a company based in Mesa, Ariz., primarily engaged in renting and leasing properties to residential or commercial tenants. Providential Lending Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-04020) on May 5, 2025, listing up to $10 million in assets and up to $500,000 in liabilities. John Conover, manager, signed the petition. Judge Brenda K. Martin oversees the case. Joseph G. Urtuzuastegui III, Esq., at The Real Estate Investor Law Firm, LLC, is the Debtor's bankruptcy counsel. PROVIDENTIAL LENDING: To Sell Phoenix Property to M. & R. Tokmechin ------------------------------------------------------------------- James E. Cross, the duly appointed and acting Chapter 11 Trustee American 24 LLC, seeks permission from the U.S. Bankruptcy Court for the District of Arizona, to sell Property free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 3473 E. Crocus Drive, Phoenix, Arizona 85032, a vacant single-family residence of approximately 1,568 square feet. The Trustee employs Gentry Real Estate as real estate broker for the Crocus Property. The Debtor listed the Crocus Property on the Arizona Regional Multiple Listing Service on May 16, 2026, at a price of $465,000.00. The Trustee wishes to sell the Property to Maziar Tokmechin and Reza Tokmechin, third parties unrelated to the Debtor and its principals, for $430,000.00, consisting of a $4,000.00 earnest money deposit, a $196,000.00 cash down payment and a $230,000.00 conventional purchase money loan. The Sale Motion also proposes an overbid procedure under which any competing purchaser must appear at the hearing on the Sale Motion with a $4,000.00 cashier's check and offer more than $430,000.00 to be considered. Escrow is scheduled to close on or about August 14, 2026. If the hearing is not promptly reset, the estate risks losing a cash-in-hand offer on a property that has twice before failed to sell, to the direct detriment of creditors. Escrow is scheduled to close on or about August 14, 2026. If the hearing is not promptly reset, the estate risks losing a cash-in-hand offer on a property that has twice before failed to sell, to the direct detriment of creditors. About American 24, LLC American 24 LLC is a limited liability company. American 24 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-04328) on May 13, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Daniel P. Collins handles the case. The Debtors are represented by Joseph G. Urtuzuastegui III, Esq. at REI LAW FIRM. PURDY BOYS: Hires Marshall & Stevens as Restructuring Advisor ------------------------------------------------------------- Purdy Boys, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Marshall & Stevens as restructuring advisor. The firm will provide David Payne as chief restructuring officer (CRO) and certain additional personnel to the Debtor. The CRO and additional personnel will provide these services: (a) review, analyze and develop the reporting format for a four-month lookback of cash receipts and disbursements in order to evaluate and develop a 13-Week Cash Forecast Budget; (b) work with the Debtor's financial personnel to prepare forecasts and budgets; (c) institutionalize cash management oversight system; (d) institute budget to actual tracking and comparison reporting system; (e) develop a repayment plan(s) for secured and unsecured debt obligations; (f) report to stakeholders any non-recurring or nonbudgeted material financial transfers, transactions, or agreements that may impact the Debtor's financial condition; (g) develop a comprehensive and global refinancing/restructuring plan for the Debtor, explaining, in detail, the specific steps it will take to implement its repayment plan for secured and unsecured debt obligations; (h) prepare detailed evaluation of the relevant companies' intercompany and affiliate service transactions for commercial reasonableness of the values provided, paid and/or exchanged; (i) evaluate a realizable range of values for assets and prioritize obligations to assess alternatives which maximize the recovery and returns to stakeholders; (j) provide capital sourcing services to identify and obtain alternative sources of new, replacement, bridge and/or junior funding in an out-of-court and/or court supervised transaction; (k) provide oversight of personnel and facilitation of information required to complete a transaction; (l) conduct ongoing, routine communications with the companies' lenders; (m) provide oversight direction on prioritization of workflow objectives for the controller and related financial management, accounting bookkeeper and administrative support personnel; (n) evaluate asset values and collateral values pledged by the Debtor utilizing different operating and/or liquidity event alternatives in order to restructure the obligations due lenders; (o) prepare various term sheets, outlines and/or summaries for review by the Debtor's management and counsel which set forth one or more options to stabilize the financial condition and liquidity position and/or restructure the debt obligations; (p) conduct communications with vendors, contractors and suppliers that have past due obligations in order to bridge repayment plans with a Transaction; (q) review financial and operating controls, processes and procedures to identify opportunities for improvement ("OFI") and to improve integration with financial management; (r) review personnel and other overhead operating costs in order to develop recommendations for OFIs which right-size the overhead burden and/or reduce costs; and (s) prepare and compile appropriate reports to be utilized with stakeholders. The firm will be paid at these hourly rates: CRO $595 Reporting, Compliance, and Marketing Professionals $475 - $525 Operational Professionals $450 Financial Planning Professionals $350 - $425 Data Management and Analytics Professionals $210 - $295 The Affiliated Debtors initially funded a $115,000 deposit for compensation. Mr. Payne disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David Payne Marshall & Stevens 800 W. 6th St., Ste. 950 Los Angeles, CA 90017 About Purdy Boys LLC Purdy Boys, LLC functions primarily as a holding company owning substantial rolling stock and manufacturing equipment used in an integrated commercial pet food manufacturing and distribution enterprise alongside several affiliated debtors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-21116) on July 24, 2026. In the petition signed by David R. Payne, chief restructuring officer, the Debtor disclosed up to $10 million in both assets and liabilities. Robert S. Baran, Esq., at Conroy Baran represents the Debtor as counsel. PURDY BOYS: Seeks Approval to Hire Conroy Baran as Legal Counsel ---------------------------------------------------------------- Purdy Boys, LLC seeks approval from the U.S. Bankruptcy Court for the District of Kansas to employ Conroy Baran, LLC to handle its Chapter 11 case. The firm's hourly rates are as follows: Robert Baran, Attorney $350 Paralegals $95 - $168 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer in the amount of $35,000 from the Debtor, including the filing fee of $1,738. Mr. Baran 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: Robert S. Baran, Esq. Conroy Baran 1316 Saint Louis Ave., 2nd Fl. Kansas City, MO 64101 Telephone: (816) 616-5009 Email: rbaran@conroybaran.com About Purdy Boys LLC Purdy Boys, LLC functions primarily as a holding company owning substantial rolling stock and manufacturing equipment used in an integrated commercial pet food manufacturing and distribution enterprise alongside several affiliated debtors. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-21116) on July 24, 2026. In the petition signed by David R. Payne, chief restructuring officer, the Debtor disclosed up to $10 million in both assets and liabilities. Robert S. Baran, Esq., at Conroy Baran represents the Debtor as counsel. QTP II INC: Gets Interim OK to Use Cash Collateral Until Sept. 15 ----------------------------------------------------------------- QTP II Inc. received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, McAllen Division, to use cash collateral. Under the interim order, the Debtor is authorized to use its revenue and other cash collateral through September 15 to fund its operations based on a court-approved budget. Because the Debtor's revenue is generated strictly through ongoing operations, it relies entirely on cash collateral to fund essential operational costs, including employee payroll, office expenses, and general maintenance. The Debtor details 13 potential lienholders identified through Texas Secretary of State UCC filings, spanning dates from August 12, 2021, to July 9. These potential secured creditors include Secured Lender Solutions, Shoreham Bank, Avanza Capital Holdings, LLC, the Internal Revenue Service, and several unnamed entities under UCC registrations. While the validity and perfection of these liens remain undetermined, the Debtor offers adequate protection by committing to maintain its going-concern value and granting replacement liens on present and after-acquired cash collateral to the same extent and priority as pre-petition liens, explicitly excluding Chapter 5 cause-of-action recoveries. A final hearing is scheduled for September 15. The order is available at http://bankrupt.com/misc/QTPII_CCOrder23.pdf About QTP II Inc. QTP II Inc. operates an outpatient rehabilitation clinic and at-home therapy service. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-70236) on July 31, 2026. In the petition signed by Michael Hernandez, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Eduardo V. Rodriguez oversees the case. Robert C Lane, Esq., at the Lane Law Firm, represents the Debtor as legal counsel. QUOTEMEDIA INC: Harland Group Boosts Stake to 11.1% --------------------------------------------------- Harland Group LLC and Michael H. Giles, disclosed in a Schedule 13D (Amendment No. 3) filed with the U.S. Securities and Exchange Commission that, as of Aug. 3, 2026, they beneficially own 10,007,735 shares of QuoteMedia, Inc.'s Common Stock, par value $0.001 per share, with shared voting power and shared dispositive power over all 10,007,735 shares, and no sole voting or dispositive power, representing 11.1% of the Common Stock. Harland Group LLC directly owns the shares. Michael H. Giles is the sole member and sole manager of Harland Group LLC and exercises voting and dispositive power over the shares. On Aug. 3, 2026, Harland Group used working capital of $165,007 to purchase an additional 1.051 million shares in the open market at $0.157 per share. No borrowed funds were used. The percentage is based on 90,477,798 shares of Common Stock outstanding as of May 1, 2026. Harland Group LLC may be reached through: Michael H. Giles Harland Group LLC 1220 Main Street Suite 400 Vancouver, WA 98660 Tel: (888) 994-4552 A full-text copy of Harland Group LLC 's SEC report is available at https://tinyurl.com/4dkay6vw. About QuoteMedia, Inc. QuoteMedia, Inc. (OTCQB: QMCI) is a provider of financial data, market research information, analytics, news feeds, and financial software solutions to online brokerages, banks, clearing firms, financial service companies, media portals, and public corporations. The Company is a sole source for a wide array of market information and services, including streaming stock market data feeds, research and analysis information, content applications, portfolio management systems, software products, corporate investor relations provisioning, news services, mobile apps, and custom development. The Company's portfolio management products are provided on a SaaS (software as a service) model, as are its other interactive content and data APIs. Mississauga, Canada-based MNP LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated April 7, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company has incurred losses from operations resulting in an accumulated deficit and does not have sufficient working capital which raises substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2025, the Company had $5,773,230 in total assets, $6,212,963 million in total current liabilities, $400,609 in total noncurrent liabilities, and $840,342 million in total stockholders' deficit. REMEDIUM PHARMACY: Hires Davidoff Hutcher & Citron as Co-Counsel ---------------------------------------------------------------- Remedium Pharmacy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Davidoff Hutcher & Citron LLP as co-counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties; (b) advise and consult on the conduct of this Chapter 11 case; (c) attend meetings and negotiate with representatives of creditors and other parties in interest; (d) take all necessary actions to protect, preserve, and maximize the value of the Debtor's estate; (e) prepare pleadings in connection with this Chapter 11 case; (f) represent the Debtor in connection with obtaining authority to use cash collateral and securing post-petition financing; (g) appear before the Court and any appellate courts to represent the interests of the Debtor's estate; (h) advise the Debtor with respect to its rights and obligations under DIP financing agreements; (i) take any necessary action on behalf of the Debtor to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and (j) perform all other necessary legal services for the Debtor in connection with its Chapter 11 case that it determines necessary and appropriate. The firm's professionals will be paid at these hourly rates: Robert Rattet, Partner $875 Jonathan Pasternak, Partner $850 Craig Price, Senior Counsel $775 James Glucksman, Of Counsel $625 John Molino, Associate $525 Eric Schachter, Associate $475 Melanie Spenser, Paralegal $350 In addition, the firm will seek reimbursement for expenses incurred. Mr. Rattet 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: Robert L. Rattet, Esq. Davidoff Hutcher & Citron LLP 605 3rd Ave. New York, NY 10158 About Remedium Pharmacy LLC Remedium Pharmacy, LLC is a Massachusetts-based pharmacy that provides prescription medications, pharmaceutical services, and patient care solutions to individuals and healthcare providers. Remedium Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40803) on July 6, 2026. In the petition signed by Flaviu Iepure, president, the Debtor reported estimated assets and liabilities of $1 million to $10 million. The Debtor tapped Davidoff Hutcher & Citron LLP and Manning Gross + Massenburg LLP as counsel and CBIZ Forensic Consulting Group, LLC as financial advisor. REMEDIUM PHARMACY: Hires Manning Gross + Massenburg as Co-Counsel ----------------------------------------------------------------- Remedium Pharmacy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ Manning Gross + Massenburg, LLP as co-counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and management of its property; (b) prepare on behalf of the Debtor necessary legal papers; (c) appear in, and protect the interests of the Debtor before this Court; (d) represent the Debtor in litigation matters before this Court; and (e) perform all other legal services for the Debtor which may be necessary and proper in this Chapter 11 case. The firm's counsel and staff will be paid at these hourly rates: Partners $675 Associates $450 Paralegals $200 In addition, the firm will seek reimbursement for expenses incurred. During the year prior to the petition date, the firm received $25,000 from the Debtor. David Primack, Esq., an attorney at Manning Gross + Massenburg, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David P. Primack, Esq. Manning Gross + Massenburg, LLP 125 High Street, Oliver Tower, 6th Floor Boston, MA 02110 Telephone: (302) 300-5277 Email: DPrimack@mgmlaw.com About Remedium Pharmacy LLC Remedium Pharmacy, LLC is a Massachusetts-based pharmacy that provides prescription medications, pharmaceutical services, and patient care solutions to individuals and healthcare providers. Remedium Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40803) on July 6, 2026. In the petition signed by Flaviu Iepure, president, the Debtor reported estimated assets and liabilities of $1 million to $10 million. The Debtor tapped Davidoff Hutcher & Citron LLP and Manning Gross + Massenburg LLP as counsel and CBIZ Forensic Consulting Group, LLC as financial advisor. REMEDIUM PHARMACY: Seeks to Tap CBIZ Forensic as Financial Advisor ------------------------------------------------------------------ Remedium Pharmacy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to employ CBIZ Forensic Consulting Group, LLC as financial advisor. The firm will render these services: (a) advise and assist the Debtor and its other advisors in the Debtor's identification, evaluation, and negotiation of cash collateral or potential debtor-in-possession ("DIP") financing; (b) advise and assist the Debtor and its bankruptcy legal counsel in the negotiation of the Debtor’s post-petition use of cash collateral; (c) advise and assist the Debtor's and their bankruptcy legal counsel with the development of business and financial information required for administration of this Chapter 11 case and other required bankruptcy disclosures; (d) advise and assist the Debtor and its bankruptcy legal counsel with development of a reorganization exit plan; and (e) perform other professional services not otherwise listed which have been requested by the Debtor and are directly related to its administration of a bankruptcy restructuring proceeding. (f) represent the Debtor in connection with obtaining authority to use cash collateral and securing post-petition financing; (g) appear before the Court and any appellate courts to represent the interests of the Debtor's estate; (h) advise the Debtor with respect to its rights and obligations under DIP financing agreements; (i) take any necessary action on behalf of the Debtor to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and (j) perform all other necessary legal services for the Debtor in connection with its Chapter 11 case that the Debtor determines necessary and appropriate. The firm's counsel and staff will be paid at these hourly rates: Directors and Managing Directors $525 - $750 Managers and Senior Managers $315 - $525 Senior Associates and Staff $175 - $315 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, CBIZ received a retainer of $25,000 for services to be rendered in this Chapter 11 case. Charles Berk, a managing director at CBIZ Forensic Consulting Group, 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: Charles Berk CBIZ Forensic Consulting Group, LLC 5 Bryant Park, 1065 Avenue of the Americas New York, NY 10018 Telephone: (212) 790-5850 About Remedium Pharmacy LLC Remedium Pharmacy, LLC is a Massachusetts-based pharmacy that provides prescription medications, pharmaceutical services, and patient care solutions to individuals and healthcare providers. Remedium Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-40803) on July 6, 2026. In the petition signed by Flaviu Iepure, president, the Debtor reported estimated assets and liabilities of $1 million to $10 million. The Debtor tapped Davidoff Hutcher & Citron LLP and Manning Gross + Massenburg LLP as counsel and CBIZ Forensic Consulting Group, LLC as financial advisor. REPUBLIC NATIONAL: Seeks to Hire Omni as Claims and Noticing Agent ------------------------------------------------------------------ Republic National Distributing Company, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Omni Agent Solutions, Inc. as claims, noticing, and solicitation agent. Omni 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. Prior to the petition date, the Debtors provided Omni an advance in the amount of $100,000. Paul Deutch, an executive vice president at Omni Agent Solutions, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul Deutch Omni Agent Solutions, Inc. 5955 DeSoto Avenue Woodland Hills, CA 91367 About Republic National Distributing Company LLC Headquartered in the United States, Republic National Distributing Company is a leading distributor of wines and spirits, serving thousands of retailers and hospitality customers nationwide. The company maintains an extensive logistics and distribution network that connects beverage producers with licensed wholesalers and retailers throughout the country. Republic National Distributing Company, LLC and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90737) on July 26, 2026. In its petition, Republic National Distributing Co. disclosed up to $1 billion in estimated assets and up to $10 billion in estimated liabilities. The Debtors tapped Porter Hedges LLP as counsel and Omni Agent Solutions, Inc. as claims, noticing, and solicitation agent. RESTORATION DOCTOR: Seeks to Extend Plan Exclusivity to Dec. 18 --------------------------------------------------------------- Restoration Doctor, LLC asked the U.S. Bankruptcy Court for the Southern District of Florida to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Dec. 18, 2026 and Feb. 15, 2027, respectively. This is the Debtor's second motion requesting an extension of the Exclusive Periods. As discussed above, the Debtor is intently focused on formulating a viable, and, hopefully, consensual, Chapter 11 plan that will enable it to emerge from this Chapter 11 Case as a going concern in the near term. The Debtor and its advisors are working collaboratively to resolve the IAG Litigation and to develop an exit strategy. However, this is a complex process, which must take into consideration numerous inputs and factors. The Debtor claims that it will use the extension of the Exclusive Periods, if it is granted by this Court, to, if possible, attempt to reach an agreement with IAG or, in the alternative, complete discovery, finalize a plan of reorganization, vet it with key constituents, and, thereafter, propose a plan of reorganization informed by the Debtor's view of its business going forward and negotiations with various stakeholders. The Debtor explains that it has timely filed all of its monthly operating reports that detail all of these payments. The Debtor continues to monitor its liquidity position closely and is confident that sufficient funding will be available to satisfy its post-petition payment obligations during the requested extension of the Exclusive Periods as it further reorganizes with the extension of time. The Debtor asserts that an extension of the Exclusive Periods will not prejudice the Debtor's stakeholders. On the contrary, while unresolved issues remain open, with additional time and absent the added confusion and disruption of competing third-party plans, the Debtor will endeavor to resolve all such issues and consummate a restructuring as contemplated herein. The Debtor further asserts that it is not pressuring its creditors via the relief requested by this Motion, in fact, the Debtor will call for interested parties to help shape a plan of reorganization at the appropriate time. Currently, the Debtor is focusing on maximizing value associated with the IAG Litigation. As such, the Debtor has been pushing this Chapter 11 Case forward with one ultimate goal: to maximize the value of the Debtor's estate for the benefit of all stakeholders. The extension of the Exclusive Periods will serve only to allow the IAG Litigation to progress constructively and in a controlled manner rather than introducing potential confusion and value degradation. Restoration Doctor, LLC is represented by: Peter E. Shapiro, Esq. Shapiro Law LLC 8551 West Sunrise Boulevard, Suite 300 Plantation, FL 33322 Tel: (954) 315-1157 Email: pshapiro@shapirolawpa.com -and- Robert L. Rattet, Esq. Davidoff Hutcher & Citron LLP 605 Third Avenue New York, NY 10158 Tel: (212) 557-7200 E-mail: rlr@dhclegal.com About Restoration Doctor Restoration Doctor, LLC, is a property restoration company providing water, fire, and mold remediation services to residential and commercial clients. It specializes in restoring damaged properties to their original condition. Restoration Doctor filed for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11388) on Dec. 22, 2025. The bankruptcy petition reflects estimated assets of $1 million to $10 million and estimated liabilities in the same range. The case is assigned to Judge Scott M. Grossman. The Debtor is represented by Davidoff Hutcher & Citron, LLP. RIDGEVIEW REALTOR: Seeks to Tap Rubin as General Bankruptcy Counsel ------------------------------------------------------------------- The Ridgeview Realtor LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Rubin LLC as counsel. The firm will render these services: (a) provide legal advice with respect to the powers and duties in the operation and management of its business; (b) represent the Debtor before this Court and at hearings on matters pertaining to its affairs; (c) represent the Debtor in formulating and prosecuting a plan of reorganization; (d) represent the Debtor at any confirmation hearing, and any adjourned hearings thereof; (e) prepare on behalf of the Debtor the necessary legal papers which may be required in this Chapter 11 case; and (f) perform such other legal services for the Debtor that may be appropriate and necessary. The firm will be paid at these hourly rates: Attorneys $475 - $550 Paralegals $75 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the Debtor paid a retainer of $25,000 from the firm. Paul Rubin, Esq., a member at Rubin, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul Rubin, Esq. Rubin LLC 11 Broadway, Ste. 715 New York, NY 10004 Telephone: (212) 390-8054 Facsimile: (212) 390-8064 Email: prubin@rubinlawllc.com About The Ridgeview Realtor LLC The Ridgeview Realtor LLC is a Brooklyn, New York-based real estate investment and leasing company that operates as a single asset real estate (SARE) business. The company's primary asset is a residential condominium property in New York encompassing approximately 3,178 square feet, which it manages as part of its real estate investment operations. The Ridgeview Realtor LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-43491) on July 21, 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 Elizabeth S. Stong handles the case. The Debtor is represented by Paul A. Rubin, Esq., at Rubin LLC. RLG HOLDINGS: New Mountain Finance Marks $18.5MM 1L 42% Off ----------------------------------------------------------- New Mountain Finance Corp has marked its $18,577,000 loan to RLG Holdings, LLC to market at $10,693 million or 58% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to RLG Holdings, LLC. The first lien loan accrues interest at 8.18% per annum. The first lien loan matures in July 2028. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About RLG HOLDINGS, LLC Limited information about RLG Holdings, LLC was available from the filing. RLG HOLDINGS: New Mountain Marks $10.7MM 2L at 72% Off ------------------------------------------------------ New Mountain Finance Corp has marked its $10,768,000 loan to RLG Holdings, LLC to market at $3,001,000 or 28% of the outstanding amount, according to New Mountain Finance Corp's 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a second lien loan extended to RLG Holdings, LLC. The second lien loan accrues interest at 11.43% per annum. The second lien loan matures in July 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by JOHN R. KLINE as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: JOHN R. KLINE New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About RLG Holdings, LLC Limited public information about RLG Holdings, LLC was available in the fund's filing. RLG HOLDINGS: New Mountain Marks $4.1MM 1L Loan 42% Off ------------------------------------------------------- New Mountain Finance Corp has marked its $4,142,000 loan to RLG Holdings, LLC to market at $2,384,000 or 58% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a loan extended to RLG Holdings, LLC. The first lien loan accrues interest at 8.66% per annum. The first lien loan matures in July 2028. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corp 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About RLG Holdings, LLC Public filings provide limited information about RLG Holdings, LLC beyond its role as a loan borrower. ROBERTSHAW PARENT: S&P Cuts ICR to 'SD' on Amended Credit Agreement ------------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Robertshaw Parent LLC to 'SD' from 'CC'. S&P said, "We also lowered our issue-level ratings on the company's first-out and second-out term loan to 'D' from 'CCC' and 'CC', respectively. The '1' recovery rating on the first-out and '3' recovery rating on the second-out term loans are unchanged. Both term loans are issued at subsidiary Robertshaw Controls Co. "Simultaneously, we removed all the ratings from CreditWatch, where we placed them with negative implications on July 30, 2026." On Aug. 4, 2026, Robertshaw Parent LLC amended its first-lien term loan credit agreement whereby a majority of its lending group permitted payment in kind (PIK) interest on the company's first-out and second-out term loans for the August and November 2026 quarters. S&P views this amendment as akin to a default on its term loans because lenders receive less than originally promised. The company's $35 million asset-based lending (ABL) facility (not rated) wasn't part of the amendment, and Robertshaw remains current on all interest payments related to this debt. S&P said, "The downgrade reflects the modified interest payments, which we view as tantamount to a default. On Aug. 4, 2026, Robertshaw amended its first-lien term loan credit agreement whereby a majority of its lending group consented to receive PIK interest instead of SOFR+8% cash interest for the second quarterly payment and 7% PIK interest plus SOFR+1% cash interest per annum for the third quarterly payment of fiscal 2027. Given that its credit agreement didn't provide Robertshaw with the ability to PIK interest, we view this modification as akin to a default on the first-lien term loan's original promise." Robertshaw continues to face a multi-year downturn in sales to the consumer and commercial appliance markets. In addition, persistent free operating cash flow deficits have significantly eroded its liquidity since it emerged from bankruptcy on Oct. 1, 2024. The ability to PIK interest over the next two quarters will save the company approximately $10 million in fiscal 2027 (ending March 31) and should help alleviate some near-term liquidity pressure. S&P said, "However, we don't expect any meaningful cash-flow generation in the near term because of challenging end-market conditions. Therefore, Robertshaw will likely remain dependent on improved operating and financial results to service and repay its debt and financial obligations. "We expect to reassess our issuer credit rating and issue-level ratings on the company and its debt over the next few business days. Our analysis will incorporate the issuer's revised interest payments, cash-flow outlook, and our overall forward-looking assessment of its creditworthiness." SALAD AND GO: Salad Chain Seeks Chapter 11 Drive-Thru Lease Sale ---------------------------------------------------------------- Clara Geoghegan of Law360 reports that Salad and Go told a Texas bankruptcy court that it expects to repay creditors in full through a proposed $105 million sale of most of its drive-thru leases to Boersma Bros., the parent company of Dutch Bros. Coffee. The restaurant chain's attorneys said Friday, August 7, 2026, that the cash proceeds from the transaction could be sufficient to satisfy the company's outstanding obligations. Under the proposed private sale, Boersma Bros. would acquire at least 51 drive-thru locations and associated lease interests for $105 million. The deal represents a key component of Salad and Go's Chapter 11 case as the company seeks to maximize the value of its remaining real estate and other assets while winding down its operations, the report relays. The restructuring follows a prolonged period of financial difficulty for Salad and Go. The company expanded rapidly to 146 locations before closing dozens of stores as food inflation, weak consumer demand and other operating pressures eroded its finances. A recent cyclospora outbreak further depressed customer traffic, contributing to the company's decision to seek bankruptcy protection and sell its drive-thru footprint, according to Law360. About Salad and Go LLC Founded in 2013, Salad and Go LLC is an Arizona-based fast-food restaurant chain offering fresh salads, wraps, breakfast items and handcrafted beverages. The company built its business around small-footprint drive-thru restaurants supported by centralized commissary kitchens that prepare ingredients for multiple locations. Salad and Go LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90753) on August 4, 2026. In its petition, the Debtor reports $500 million to $1 billion in both assets and liabilities. The Debtors are represented by Omar J. Alaniz, Esq. of Reed Smith. The Debtors' Financial Advisor/CRO is Douglas Brickley of Stout Risius Ross, LLC, and its Claims Agent is Kroll Restructuring Administration LLC. SECURETECH INNOVATIONS: Dismisses Gary Cheng CPA, Hires Marcum Asia ------------------------------------------------------------------- SecureTech Innovations, Inc. said in a regulatory filing with the Securities and Exchange Commission that, on July 31, 2026, the Board of Directors dismissed Gary Cheng CPA Limited (GCCPA) from its position as the independent registered public accounting firm for SecureTech. SecureTech does not have a seated Audit Committee. The decision to dismiss GCCPA and to engage a successor independent registered public accounting firm was approved by SecureTech's Board of Directors. During SecureTech's most recent fiscal year ended Dec. 31, 2025, and the subsequent interim period (which is the period during which GCCPA served as the Company's independent registered public accounting firm), through July 31, 2026, the date of dismissal, there were no "disagreements" (within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions under the Securities Exchange Act of 1934, as amended) between SecureTech and GCCPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of GCCPA, would have caused GCCPA to make reference to the subject matter of the disagreements in connection with its reports on the consolidated financial statements of SecureTech for such year. Except for the reportable events, there were no "reportable events" (within the meaning of Item 304(a)(1)(v) of Regulation S-K and the related instructions under the Exchange Act) during this same period. As previously disclosed in Part II, Item 9A "Controls and Procedures" of the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, and under Item 4 of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, management concluded that the Company's internal control over financial reporting was not effective due to the existence of the following material weaknesses: (i) the Company does not have an Audit Committee; and (ii) the Company does not have an independent Board of Directors, nor does it have a board member designated as an independent financial expert. The Board of Directors is comprised of two members, both of whom also serve as executive officers. As a result, there has been a lack of independent oversight of the management team, a lack of independent review of the Company's operating and financial results, and a lack of independent review of disclosures made by the Company. These weaknesses have existed since the Company's inception on March 2, 2017, and have not been remediated as of March 31, 2026. As of Aug. 8, 2026, the Company has taken the following steps toward remediating the identified material weaknesses: (i) Brian Zucker, CPA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on March 31, 2026); (ii) Robert V. Castro, CPA/CGMA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on April 7, 2026); and (iii) Robert J. Williams, CPA, was formally nominated as an independent director and member of the Audit, Nominating, and Compensation Committee (announced on April 14, 2026). Upon election and seating of these nominees, the Company expects to establish a fully independent Audit Committee and satisfy the requirements for independent board oversight, thereby remediating the material weaknesses described above. Subsequent to the initial communication regarding the audit transition, the Company's management identified and evaluated classification matters under U.S. GAAP concerning previously issued financial statements for the fiscal year ended Dec. 31, 2025, and the interim periods ended June 30, 2025, Sept. 30, 2025, and March 31, 2026. Specifically, management determined that: i) The historical presentation of the redeemable non-controlling interest in Zhejiang Jizhu Technology Co., Ltd. (a subsidiary of the Company incorporated in the People's Republic of China) was misclassified in permanent equity and requires reclassification to mezzanine (temporary) equity pursuant to ASC 480-10-S99, along with corresponding accretion adjustments; and ii) Certain accounts receivable previously presented as current assets require reclassification to non-current assets. As a result of these findings, management and the Board of Directors concluded, after discussion with GCCPA, that the financial statements for the aforementioned periods should no longer be relied upon and will require restatement. Management and the Board of Directors also concluded that a material weakness in internal control over financial reporting exists regarding the Company's accounting and financial reporting controls over complex equity instruments and balance sheet asset classifications. Effective July 31, 2026, GCCPA's engagement as the Company's independent registered public accounting firm for prospective periods was terminated. However, the Company has re-engaged GCCPA under a separate, limited-scope engagement for the sole purpose of re-auditing the restated consolidated financial statements for the year ended Dec. 31, 2025, and completing the interim reviews for the affected quarterly periods ended June 30, 2025, Sept. 30, 2025, and March 31, 2026. In order to effect the restatements resulting from management's reclassifications of the redeemable non-controlling interest and accounts receivable, the Company expects to file Amendment No. 1 to its Annual Report on Form 10-K/A for the year ended Dec. 31, 2025, and Amendments to its Quarterly Reports on Form 10-Q/A for the respective interim periods with the U.S. Securities and Exchange Commission upon completion of GCCPA's work. The Board of Directors has discussed this financial reporting matter with GCCPA, and they believe it represents a reportable event occurring prior to the finalization of GCCPA's dismissal. GCCPA's audit report on SecureTech's consolidated financial statements for the fiscal year ended Dec. 31, 2025 did not contain an adverse opinion or a disclaimer of opinion, nor was the report qualified or modified with respect to uncertainty, audit scope, or accounting principles, except that the report included an explanatory paragraph expressing substantial doubt about the Company's ability to continue as a going concern due to recurring net losses from operations and an accumulated deficit. Engagement of New Independent Registered Public Accounting Firm Following GCCPA's dismissal, Marcum Asia CPAs LLP was engaged by SecureTech's Board of Directors as SecureTech's independent registered public accounting firm to review SecureTech's consolidated financial statements for the quarterly periods ended June 30, 2026, and ending Sept. 30, 2026, and to audit SecureTech's consolidated financial statements for the fiscal year ending Dec. 31, 2026. During the most recent fiscal year and through July 31, 2026 (which is the period during which GCCPA served as the Company's independent registered public accounting firm), neither SecureTech, nor anyone on its behalf, consulted Marcum Asia regarding either: (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on SecureTech's consolidated financial statements; or (ii) any matter that was the subject of a "disagreement" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K) or "reportable event" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K). Management Commentary J. Scott Sitra, SecureTech's President and CEO, stated: "Engaging a U.S.-based PCAOB-registered firm of Marcum Asia's caliber is an important step as we build toward our planned Nasdaq listing and strengthen our financial reporting across a growing, multinational operating footprint. Equally important, we are committed to getting our financial reporting right and to being fully transparent with our shareholders. We identified these classification matters internally and corrected them -- that's the standard we're holding ourselves to. We are grateful to Gary Cheng CPA Limited for their continued cooperation, and we look forward to a productive, long-term relationship with the Marcum Asia team as SecureTech enters its next phase of rapid growth." Restatement Concurrently with the engagement of Marcum Asia, the Board of Directors, which is acting in the absence of an audit committee, after discussion with GCCPA, concluded that the Company's previously issued financial statements for the fiscal year ended Dec. 31, 2025, and for the interim periods for the six months ended June 30, 2025, the nine months ended Sept. 30, 2025, and the three months ended March 31, 2026, should no longer be relied upon due to: (i) certain accounts receivable previously presented as current assets requiring reclassification to non-current assets, and (ii) errors in the application of accounting principles related to the historical presentation of the non-controlling interest in the Company's subsidiary Zhejiang Jizhu Technology Co., Ltd. Specifically, the Company determined that the financial statements for the Affected Periods will require a restatement to reclassify: (i) the above-referenced instruments from permanent equity to mezzanine equity along with corresponding accretion adjustments and (ii) the above-referenced accounts receivable from current to non-current assets. This determination was discussed with GCCPA, who concurred with the Company's conclusion that the financial statements for the Affected Periods should not be relied upon. The Company has authorized GCCPA to respond fully to any inquiries of Marcum Asia, the Company's successor independent registered public accounting firm, concerning these matters. The Company said that it is currently taking appropriate actions to address these issues, including filing restated financial statements where necessary and preparing revised filings. About SecureTech Innovations SecureTech Innovations, Inc. is a technology-driven Company focused on developing and commercializing artificial intelligence-driven manufacturing systems, blockchain-based digital infrastructure, and innovative automotive safety technologies. Hong Kong-based Gary Cheng CPA Limited, the Company's auditor since 2025, issued a "going concern" qualification in its report dated March 24, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company has incurred negative cash flows from operating activities over the past two years and has an accumulated deficit which raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2025, the Company had $18.89 million in total assets, $7.12 million in total liabilities, and $11.77 million in total stockholders' equity. SHINING WAY: Unsecureds Will Get 5% via Quarterly Payments ---------------------------------------------------------- Shining Way Esthetics, LLC filed with the U.S. Bankruptcy Court for the Southern District of Florida a Disclosure Statement describing Plan of Reorganization dated July 27, 2026. The Debtor was incorporated on January 19, 2012. The Debtor operates a medical spa and wellness center offering services including Botox, dermal fillers, hormone replacement therapy, weight management, and anti-aging treatments. The Debtor states that its business was adversely affected by overinvestment in equipment that did not generate the expected profits. Class 1A North Mill Equipment Finance LLC: * North Mill filed a claim asserting a judgment lien totaling $264,530.43. * Before bankruptcy, North Mill had garnished the Debtor's bank accounts, and that garnishment was settled for $5,000. * The Plan states that the judgment is not perfected against any other property. * Accordingly, North Mill's $264,530.43 claim will be treated as an unsecured claim in Class 2. Class 1B Greenwoods Equipment Finance: * Greenwoods filed a secured claim of $138,135.02 based on a purchase-money security interest in equipment. * Because the Debtor no longer uses the equipment, it will surrender the equipment to Greenwoods in satisfaction of the secured claim. * Greenwoods will also receive a general unsecured claim of $138,135.02. Class 1C McKesson: * McKesson filed a secured claim of $17,939.74. * The Debtor will pay the claim in full through 60 equal monthly payments of $299. * McKesson will retain its lien. * This class is unimpaired. Class 2 General Unsecured Claims: * Total allowed unsecured claims are $856,586.67. * General unsecured creditors will receive 5% of their allowed claims through no more than 15 quarterly payments of $2,905. * Payments will begin on the Effective Date and continue quarterly. The Debtor's shareholders will retain their ownership interests in the company. Adherbal F. Neto De Souza (also known as Clayton DeSouza) will continue managing the Debtor after confirmation and will remain the medical director. Plan Funding: * All Plan payments and distributions will be funded from the Debtor's future income generated through post-petition operations. * The Debtor's principals will reduce their compensation as necessary to fund the Plan. A full-text copy of the Disclosure Statement dated July 27, 2026 is available at https://urlcurt.com/u?l=zWOxt1 from PacerMonitor.com at no charge. About Shining Way Esthetics Shining Way Esthetics LLC is a medical spa in Texas. Shining Way Esthetics LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-33555) on August 2, 2024. In the petition filed by Craig Clayton De Souza, as managing member, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Honorable Bankruptcy Judge Eduardo V. Rodriguez oversees the case. Counsel to the Debtor: Susan D. Lasky, Esq. 320 S.E. 18th St Ft. Lauderdale, FL 33316 Telephone: (954) 400-7474 E-mail: Sue@SueLasky.com SILICON VALLEY: KPMG Hit w/ Broader Investor Suit ------------------------------------------------- Rae Ann Varona of Law360 Bankruptcy Authority reports that a California federal judge has permitted Norges Bank and Swedish public pension fund Sjunde AP-Fonden to bring an additional claim against KPMG in their proposed securities fraud class action concerning Silicon Valley Bank's failure. The investors are seeking to expand their claims against the accounting firm, which audited SVB Financial Group. The proposed class action alleges that SVB Financial Group and other defendants made misleading statements about the company's financial condition before the bank collapsed. The plaintiffs assert claims under the Securities Act of 1933 and Securities Exchange Act of 1934, including claims involving the company’s disclosures and alleged securities fraud, the report states. The case is pending in the Northern District of California under Case No. 23-cv-01097-NW. The court previously rejected motions seeking dismissal of claims against KPMG and other defendants, finding that the securities litigation could proceed, according to report. 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. SILVER GULCH: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- Silver Gulch Brewing and Bottling, Inc. received interim approval from the U.S. Bankruptcy Court for the District of Alaska to use cash collateral to fund its operations. Under the interim order, the Debtor is authorized to use cash collateral based on its 90-day cash budget from August 7 until the order expires or a termination event occurs. Termination events include breach of the terms of the order; any false, inaccurate, or incomplete representation or report; appointment or election of a trustee, examiner, or responsible officer with expanded powers; dismissal or conversion of the Debtor's Chapter 11 case; unauthorized use of cash collateral; unauthorized sale, transfer, or encumbrance of the Debtor's brewery/restaurant assets or real property; the effective date of a Chapter 11 plan; failure to timely pay applicable taxes or provide evidence of payment; unauthorized payment of pre-petition claims; failure to maintain required insurance or provide related information; and failure to comply with the order. Denali State Bank may waive any termination event in writing. The Debtor holds about $201,217 in cash, primarily at Denali State Bank, which holds a note with a balance of roughly $304,380 and asserts a lien on the cash. Denali will be granted adequate protection for any diminution in value of its interest in cash collateral through replacement liens on the Debtor's post-petition assets of the same type and priority as its pre-petition liens. The order is available at http://bankrupt.com/misc/SilverGulch_CCOrder23.pdf A final hearing will be held on September 28. Denali, as secured lender, is represented by: Michael J. Parise, Esq. BALLARD SPAHR LLP 1600 A Street, Suite 304 Anchorage, AK 99501 Telephone: 907-264-3322 parisem@ballardspahr.com About Silver Gulch Brewing and Bottling Inc. Silver Gulch Brewing and Bottling, Inc. operates a brewery and restaurant in the Fairbanks area as well as a food and beverage retail concession at Ted Stevens Anchorage International Airport under Concession Agreement ADA-31791. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ala. Case No. 26-00190) on July 31, 2026, with up to $10 million in both assets and liabilities. Glenn Brady, president, signed the petition. Judge Gary Spraker oversees the case. S. Jason Crawford, Esq., at Crawford Law, represents the Debtor as legal counsel. SIMAD HOLDINGS: FitzWalter Wins Bid for Mohawk Day Camp in Ch. 11 ----------------------------------------------------------------- FitzWalter Capital Partners confirmed on Aug. 7, 2026, that it has been selected as the successful bidder for Mohawk Day Camp & Mohawk Country Day School in White Plains, New York, as part of the court-supervised sale process for SIMAD Holdings Ltd. and its affiliated debtors. The selection was disclosed on the public court docket on Aug. 4, 2026. The sale remains subject to approval by the United States Bankruptcy Court for the District of New Jersey at a hearing currently scheduled for Aug. 10, 2026, as well as customary closing conditions. Mohawk has a rich history spanning nearly 100 years, and FitzWalter is committed to honoring those traditions as the camp's next steward. We have great respect for the foundational experiences Mohawk provides for children -- and for the dedicated team behind them. Under FitzWalter's ownership, families should expect the same camp, school, team and traditions -- with the stability of committed long-term ownership. We are collaborating closely with the existing leadership and staff to ensure the successful completion of the 2026 camp season, and we look forward to welcoming families to school this fall, and back for summer camp in 2027. FitzWalter is a global private investment firm, established in 2020 by a group of senior members of Macquarie's Principal Finance business. It has offices in London, New York and Hamburg and its six partners bring together over 100 years of aggregate investing experience. About SIMAD Holdings Ltd. SIMAD owns and operates a portfolio of 30-day and sleepaway summer camps located primarily in the eastern United States, including New Jersey, New York, Maine, and Pennsylvania. Operating in the summer camp sector since 2006, the company's camps generally run from June through August and enroll approximately 20,500 children annually. SIMAD's camps offer programs across sports, academics, arts, technology, and religion, with each camp separately branded and independently operated through its own management, staff, accounting, and operational infrastructure. SIMAD Holdings Ltd and its debtor-affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-16388) on June 4, 2026. In their petitions, the Debtors reported estimated assets of $100 million to $500 million and estimated liabilities of $500 million to $1 billion. The petitions were signed by Assaf Ravid as chief restructuring officer. The Debtors' Restructuring & Bankruptcy Counsel is Cole Schotz P.C. Their financial advisor and investment banker is B. Riley Securities, Inc. The Debtors' claims and noticing agent is Kroll Restructuring Administration LLC. Co-Counsel for The Connecticut Light & Power Company d/b/a Eversource, Jersey Central Power & Light Company, Pennsylvania Electric Company, New York State Electric & Gas Corporation and Orange & Rockland Utilities, Inc.: Kyriaki Christodoulou, Esq. CULLEN AND DYKMAN LLP One Battery Park Plaza, 34111 Floor New York, NY 10004 Tel: (212) 701-4170 Fax: (212) 742-1219 E-mail:kchristodoulou@cullenlIp.com - and - Russell R. Johnson III, Esq. John M. Craig, Esq. Law Firm of Russell R. Johnson III, PLC 2258 Wheatlands Drive Manakin-Sabot, VA 23103 Tel: (804) 749-8861 E-mail: russell@russelliohnsonlawfirm.com john@russelljohnsonlawfirm.com SKYWORKS SOLUTIONS: Moody's Rates New Senior Unsecured Notes 'Ba1' ------------------------------------------------------------------ Moody's Ratings assigned Skyworks Solutions, Inc.'s (Skyworks) new senior unsecured notes (New Notes) Ba1 ratings. The Ba1 rating on the company's existing senior unsecured notes and the positive outlook remain unchanged. Net proceeds from the New Notes, along with balance sheet cash, will be used to fund the roughly $3 billion cash portion of Skyworks' pending acquisition of Qorvo, Inc. (Qorvo, Ba1 positive). Skyworks has agreed to acquire Qorvo for $32.50 cash and 0.96 Skyworks shares for each Qorvo share and Skyworks will assume Qorvo's existing $1.6 billion of senior notes. Upon closing, Skyworks shareholders will hold 63% of the equity of the combined company, while Qorvo shareholders will hold 37%. Closing may occur during the fourth calendar quarter of 2026. Skyworks financial leverage is modest at 0.9x debt to EBITDA (12 months ended July 03, 2026, Moody's adjusted). Given the cash portion of the consideration, the acquisition will be moderately-leveraging. Excluding anticipated cost synergies, the pro forma starting leverage would be about 1.4x debt to EBITDA (Moody's adjusted) based on the proforma, combined EBITDA for the twelve months ended July 03, 2026. Including anticipated synergies of $500 million, the pro forma starting leverage would be around 1.1x debt to EBITDA (twelve months ended July 03, 2026, proforma combined company, Moody's adjusted). On FQ3 earnings call (July 28, 2026), Skyworks announced the suspension of the cash dividend, which will improve free cash flow (FCF), providing the company with greater financial flexibility. RATINGS RATIONALE The Ba1 Corporate Family Rating (CFR) reflects Skyworks' solid financial risk profile, though with elevated end market and customer concentration. The company sells into the highly competitive smartphone market (about two thirds of revenues), which has very short product cycles of one to two years, making it critical to maintain market share in each new phone model. Skyworks generated around 57% of its revenue from sales into a variety of products for Apple Inc. for the quarter ended July 03, 2026, which exposes Skyworks to a potential loss of business or margin compression in Apple's new products over time. Given the above risks, Moody's expects that Skyworks as a standalone company will maintain a conservative leverage profile, with debt to EBITDA (Moody's adjusted) maintained at or below 1.5x. This provides flexibility to mitigate the potential volatility of the smartphone market. The Broad Markets business, which serves a variety of end markets such as automotive, industrial, communications infrastructure, healthcare, and aerospace and defense, partially diversifies Skyworks' smartphone-concentrated revenue base The positive outlook reflects the scale and diversification benefits of the announced acquisition of Qorvo and Moody's expectations that financial leverage would decrease quickly following the closing of the acquisition. Skyworks' positive outlook also reflects Moody's expectations that financial leverage will remain below 2x debt to EBITDA (proforma for Qorvo, Moody's adjusted) over the next 12 to 18 months. The Speculative Grade Liquidity (SGL) rating of SGL-1 indicates very good liquidity, which is supported by Skyworks' consistent FCF and a large cash balance ($814 million as of July 03, 2026). In addition, Skyworks has a $750 million revolving credit facility that matures in November 2030 (Revolver). Moody's do not anticipate any drawings under the Revolver, as the company generates consistent FCF. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if: -- Skyworks completes the acquisition and integration of Qorvo without material operational disruption or market share loss -- Maintains the very conservative leverage profile (e.g., less than 1.5x debt to EBITDA on a Moody's adjusted basis) The ratings could be downgraded if: -- In the absence of completing the Qorvo acquisition, Skyworks' revenues decline or remain flat on more than temporary basis -- Profitability pressure or a material increase in debt levels lead to debt to EBITDA (Moody's adjusted) sustained above 2.5x. Skyworks Solutions, Inc. designs and manufactures analog semiconductor chips, primarily radiofrequency communication chips used in smartphones and cellular communications infrastructure for amplification and filtering of RF signals. The principal methodology used in these ratings was Semiconductors published in October 2025. SMARTHANDS COMPANY: Cash Collateral Hearing Set for Aug. 12 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Georgia, Rome Division, is set to hold a hearing on August 12 to consider extending The Smarthands Company, LLC's authority to use cash collateral. The Debtor is currently authorized to use cash collateral through August 12 under the court's August 5 interim order. Under the interim order, lenders were granted adequate protection through automatically perfected replacement liens on the Debtor's post-petition property similar to their pre-petition collateral. The replacement liens exclude proceeds from Chapter 5 avoidance actions. The lenders that may assert liens on the cash collateral include the U.S. Small Business Administration and Georgia Banking Company, which acquired Georgia Primary Bank. Georgia Banking Company, a senior lender, holds two loans totaling approximately $267,000, while the SBA holds a loan with an estimated balance of $916,600. Meanwhile, junior lienholders include OnDeck Capital, Inc., with a $209,539 claim; Finvest, LLC, $175,000; and National Funding, Inc., $300,000. Against total debt exceeding $1.86 million, the Debtor estimates its total assets at no more than $400,000, consisting of $50,000 in tangible tools and inventory and approximately $300,000 in accounts receivable. Smarthands' bankruptcy was prompted by multiple high-cost merchant cash advance loans it incurred to fund a business expansion. The recurring obligations exceeded expansion revenues and severely eroded operational liquidity. It filed Chapter 11 case to stabilize operations and restore profitability. About The Smarthands Company LLC The Smarthands Company, LLC provides electrical contracting, cabling, building automation, and training services for commercial clients such as Kroger, Verizon, and Amazon Web Services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-41288-pwb) on July 30, 2026. In the petition signed by James Conerton, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Paul W. Bonapfel oversees the case. Will Geer, Esq., at Rountree, Leitman, Klein & Geer, LLC, represents the Debtor as legal counsel. SME DUBLIN: Seeks to Extend Plan Exclusivity to Nov. 27 ------------------------------------------------------- SME Dublin, LLC asked the U.S. Bankruptcy Court for the Middle District of Georgia to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Nov. 27, 2026 and Jan. 27, 2027, respectively. The Debtor incorporates the arguments presented in the First Exclusivity Motion and submits that those allegations support an extension. The Debtor submits that a fair consideration of the facts and circumstances of this case warrant the requested extension of the Exclusive Periods. The Debtor also points to the following specific factors as supporting another 120-day extension in addition to the more general factors that supported the former motion: * The Debtor remains current in its post-petition obligations; * The Debtor continues to operate in good faith and is actively working to improve the business for the benefit of creditors; * The Debtor is not attempting to "pressure creditors" and is instead seeking to work with creditors, to improve the business and formulate a plan which maximizes recovery to all creditors; * The Debtor is in active conversations with First Federal (the primary secured and largest creditor) and the SBA to negotiate and formulate a plan; * During the first 120 days of the case, Debtor devoted substantial time and resources to negotiating a comprehensive settlement with First Federal, the primary secured creditor and sole active stakeholder in this case. These discussions have focused on a formal forbearance and settlement agreement which was fully executed on March 30, 2026; * Once that settlement consummates, Debtor will be in a position to propose a plan for its remaining creditors. Debtor concludes, in its business judgment, that such settlement is its very best option, without any harm to Debtor's other creditors. And without such settlement, there is a real possibility that First Federal could obtain stay relief, foreclose on Debtor's primary asset, and, thus, wipe-out recoveries for all other creditors of the estate; and * This is just Debtor's second request and, if granted, would place the Debtor still well within the 18-month outside extension limit in Section 1121. SME Dublin, LLC is represented by: David L. Bury, Jr., Esq. Thomas B. Norton, Esq. E. Tate Crymes, Esq. Stone & Baxter, LLP 577 Third Street Macon, GA 31201 Tel: (478) 750-9898 Fax: (478) 750-9899 Email: dbury@stoneandbaxter.com tnorton@stoneandbaxter.com tcrymes@stoneandbaxter.com About SME Dublin SME Dublin, LLC, is a privately held limited liability company whose main assets are situated at 330 Dewey Warnock Rd., East Dublin, GA 31027. SME Dublin, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-51942) on Dec. 2, 2025, listing in both assets and liabilities. The petition was signed by Hugh F. Smisson, III as CEO, president and general manager. Judge Robert M. Matson presides over the case. David L. Bury, Jr., Esq. at STONE & BAXTER, LLP, is the Debtor's counsel. SOARING EAGLES: Gets OK to Hire Orten Cavanagh as Special Counsel ----------------------------------------------------------------- Soaring Eagles Townhomes Associates, Inc. received approval from the U.S. Bankruptcy Court for the District of Colorado to employ Orten Cavanagh Holmes & Hunt, LLC as special counsel. The firm will assist the Debtor with its ongoing operations, governance, and enforcement needs, and any related litigation. The firm's hourly rates are as follows: Partner $390 - $450 Associate $340 - $390 The firm received a total of $16,663 within the 90 days prior to the Debtor's bankruptcy filing for services rendered pre-petition. Jonah Hunt, Esq., an attorney at Orten Cavanagh Holmes & Hunt, 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: Jonah G. Hunt, Esq. Orten Cavanagh Holmes & Hunt, LLC 1445 Market St., Ste. 350 Denver, CO 80202 About Soaring Eagles Townhomes Association Inc. Soaring Eagles Townhomes Association, Inc. is a Colorado Springs, Colorado-based homeowners association responsible for managing a 150-unit residential townhome community. The association oversees common-area maintenance, property management and enforcement of community standards. Prior to filing for bankruptcy, it faced mounting financial pressure related to more than $3 million in estimated repair costs, resulting in a 2025 special assessment of approximately $21,000 per unit. Court records also indicate that mechanic's liens were filed against community properties in 2026. Soaring Eagles Townhomes Association, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-15148) on July 16, 2026. In its petition, the debtor reported estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by Katharine S. Sender, Esq., at The Sender Law Firm. SONICWALL HOLDINGS: Moody's Alters Outlook on 'Caa2' CFR to Stable ------------------------------------------------------------------ Moody's Ratings has affirmed SonicWall Holdings Limited's (SonicWall) Caa2 corporate family rating following the debt restructuring transaction in June 2026. Concurrently, Moody's downgraded the Probability of Default Rating to D-PD from Caa2-PD. The PDR will be upgraded to Caa2-PD from D-PD in a few business days. In addition, Moody's assigned a B1 rating to SonicWall US Holdings Inc.'s (a debt issuing subsidiary of SonicWall) newly issued $90 million senior secured first-lien first-out term loan due in April 2030 and Caa2 ratings to SonicWall US Holdings Inc.'s new $75 million senior secured first-lien second-out revolving credit facility expiring in March 2030, $635 million senior secured first-lien second-out term loan due in April 2030, and $152 million senior secured first-lien second-out term loan due in April 2030. Concurrently, Moody's withdrew the Caa2 ratings on SonicWall US Holdings Inc.'s existing senior secured first-lien bank credit facilities. The outlooks for both SonicWall and SonicWall US Holdings Inc. were changed to stable from negative. On June 26, 2026, SonicWall raised $90 million through the issuance of a new first-lien first-out term loan due in April 2030. The existing revolver and term loans were exchanged at par on a first-lien second-out basis. In addition, maturities of the revolver and term loans were extended to 2030 from 2028. The new $75 million first-lien second-out revolver remains fully drawn at close. The amendment also provided lender-friendly additions, including tighter limits against future liability management transactions, enhanced covenants such as minimum liquidity, and better performance reporting. The rating actions reflect Moody's views that the transaction was a distressed exchange, which is a default under Moody's definitions given that the maturity extension helps the company avoid a likely default and subordinates payment priority. The outlook change to stable reflects improved liquidity, as the transaction provided about $60 million of net cash proceeds from the new money first-lien first-out term loan and extended existing debt maturities. Following multiple cyber incidents in 2025 that have meaningfully weakened performance, Moody's expects revenue declines and negative free cash flow to persist over the next 12 months as SonicWall continues to execute its operational turnaround. However, the additional liquidity is expected to be sufficient to cover the cash flow deficits and mandatory debt repayment. While Moody's expects improvements in fiscal 2028, execution risk remains in a competitive network security market. RATINGS RATIONALE SonicWall's Caa2 CFR reflects the company's very high leverage, the highly competitive unified threat management ("UTM") and firewall market in which the company operates, and weak, although improved, liquidity. Following the debt restructuring, pro forma Moody's-adjusted leverage was in the mid 11x as of LTM April 2026. Moody's expects revenue to decline by low-single digits percentage and leverage to increase to high 13x in fiscal 2027 due to a substantial decline in billings as a result of the cyber incidents described below, increased customer churn, and elongated sales cycles. The new first-lien, first-out term loan provides liquidity to fund the cash flow deficits over the next 12 months as the company continues to execute its recovery and margin expansion plans. As of Q1 2027, the $75 million revolver is fully drawn. Moody's expects improvements in fiscal 2028; however, further operational underperformance could weaken liquidity and increase the potential for another default event. SonicWall experienced multiple cyber incidents in 2025 that have materially impacted its operations. Most notably, the company confirmed in September 2025 that an unauthorized party accessed firewall configuration backup files for all customers who have used SonicWall's cloud backup service. As a result, the company experienced revenue declines, inventory destocking in the channels, and disruption to the sales cycle of its new Gen 8 products. SonicWall has taken steps to refresh its entire product portfolio and add cloud offerings, which remain vital for the company's ability to retain market share. However, the upgrades have been impacted by the cyber incidents in 2025 as SonicWall spent time on incident response and customer remediation. The renewal and upgrades to Gen 8 products remain critical for SonicWall's operational recovery in the near term as they increase subscription service attachment rate per customer and provide new capabilities for cloud security not supported by legacy firewalls. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if the company improves its liquidity profile, stabilizes its operating performance and improves credit metrics. The ratings could be downgraded if Moody's assessments of the probability of default increases or recovery in a default scenario deteriorates. SonicWall Holdings Limited is a provider of unified threat management and related security software and appliances. The company, headquartered in Milpitas, CA had revenues of approximately $384 million for the twelve months ended April 30, 2026. SonicWall is owned by private equity firms Francisco Partners and Elliot Management. The company was spun off from Seahawk Holdings in May 2018. Francisco and Elliot acquired Seahawk from Dell in November 2016. The principal methodology used in these ratings was Software published in December 2025. SOUTHERN CHICKEN-PEACHTREE: Hires Terminus Commercial as Broker --------------------------------------------------------------- Southern Chicken-Peachtree City, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Terminus Commercial Real Estate Partners, LLC as real estate broker. The Debtor needs a broker to market and sell its property located at 2021 Commerce Dr. N., Peachtree City, Georgia. The firm will receive a commission of 4 percent of the selling price if there is no co-broker to the transaction and 6 percent of selling price (to be shared) if there is a co-broker to the transaction, as a percentage of the gross purchase price commission. Zach Miller, a director at Terminus Commercial Real Estate Partners, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Zach Miller Terminus Commercial Real Estate Partners, LLC 2572 Apple Valley Rd. NE Atlanta, GA 30319 About Southern Chicken-Peachtree City Southern Chicken-Peachtree City, LLC is identified as a single-asset real estate entity under 11 U.S.C. Section 101(51B), whose primary business is owning and operating a single income-producing property. Southern Chicken-Peachtree City sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-63031) on November 3, 2025. In the petition signed by Robert Sowinski, a manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Paul W. Bonapfel handles the case. The Debtor tapped Leslie M. Pineyro, Esq., at Jones & Walden LLC as counsel. SOUTHERN CHICKEN-WOODSTOCK: Hires Terminus Commercial as Broker --------------------------------------------------------------- Southern Chicken-Woodstock LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Terminus Commercial Real Estate Partners, LLC as real estate broker. The Debtor needs a broker to market and sell its property located at 2004 Eagle Drive, Woodstock, Georgia. The firm will receive a commission of 4 percent of the selling price if there is no co-broker to the transaction and 6 percent of selling price (to be shared) if there is a co-broker to the transaction, as a percentage of the gross purchase price commission. Zach Miller, a director at Terminus Commercial Real Estate Partners, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Zach Miller Terminus Commercial Real Estate Partners, LLC 2572 Apple Valley Rd. NE Atlanta, GA 30319 About Southern Chicken-Woodstock LLC Southern Chicken-Woodstock LLC is identified as a single-asset real estate entity under 11 U.S.C. Section 101(51B), indicating its primary business centers on owning and operating a single income-generating property. Southern Chicken-Woodstock sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-62780) on November 3, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Paul W. Bonapfel handles the case. The Debtor is represented by Leslie Pineyro, Esq., at Jones & Walden, LLC. SPINNAKER VERO: Gets Extension to Access Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, entered an amended second interim order authorizing Spinnaker Vero, Inc. and affiliated debtors to continue using cash collateral. The order authorized the Debtors to use cash collateral to pay court-approved expenses, United States Trustee fees, and ordinary operating expenses in accordance with the approved budget. The Debtors may exceed individual budget line items by up to 10%, and the authorization remains in effect until further order of the court. Expenses exceeding the budget are not automatically deemed unauthorized if they would otherwise qualify as administrative expenses, although lenders may still pursue appropriate remedies. As adequate protection, Newtek Small Business Finance, LLC, Newtek Bank, N.A., and Kapitus Servicing, Inc. were granted perfected post-petition replacement liens on the cash collateral with the same validity, priority, and extent as their prepetition liens. The Debtors must also maintain insurance on the collateral, provide Newtek reasonable access to business records and premises, furnish accounts receivable information, timely file monthly operating reports, and provide supporting bank records. The order preserves the rights of creditors and any future unsecured creditors' committee to challenge the validity, priority, or extent of secured claims. The Debtors are required to file a budget-to-actual report and an updated budget two days before the next hearing. The next hearing is scheduled for August 25. A copy of the court's order is available at https://shorturl.at/cDpbN from PacerMonitor.com. About Spinnaker Vero Inc. Spinnaker Vero, Inc., doing business as Minuteman Press, operates a Vero Beach, Florida-based Minuteman Press International franchise that provides printing, copying, graphic design, signs, banners, promotional products and related marketing services to businesses, organizations and individual customers. Spinnaker Vero and affiliates -- Spinnaker PSL, Inc., Spinnaker Jupiter, Inc. and Spinnaker Melbourne, Inc. -- filed Chapter 11 petitions (Bankr. S.D. Fla. Lead Case No. 26-17019) on May 28, 2026. Steven Brunk, president of Spinnaker Vero, signed the petitions. At the time of the filing, Spinnaker Vero disclosed $377,280 in assets and $5,392,972 in liabilities. Judge Mindy A. Mora oversees the cases. Dana Kaplan, Esq., at Kelley Kaplan Delaney & Eller, PLLC, represents the Debtors as legal counsel. STORJ LABS: Court OKs Interim DIP Loan, Cash Collateral Access -------------------------------------------------------------- Storj Labs, Inc. received interim approval from the U.S. Bankruptcy Court for the Northern District of West Virginia for authority to use cash collateral and obtain debtor-in-possession financing to get through bankruptcy. The loan is a $388,000 superpriority DIP facility from Inveniam Capital Partners, Inc. funded in two stages: $100,000 upon entry of the interim order and $288,000 upon entry of the final order. The loan will provide essential working capital for ongoing development, Chapter 11 administrative costs, and court-approved operational expenses under an agreed budget. To secure the Debtor's obligations, Inveniam was granted a superpriority administrative expense claim and first-priority security interests in and liens on substantially all of the Debtor's assets, including cash collateral, subject only to any valid and perfected pre-petition liens. A copy of the court's order is available at https://h1.nu/1vs1e from PacerMonitor.com. A final hearing is scheduled for August 25. Any objections must be filed by August 21. Storj Labs said that unsecured credit was unobtainable on reasonable terms and that access to the DIP funds is necessary to prevent a complete wind-down of operations. The Debtor filed for Chapter 11 bankruptcy restructuring due to severe cash flow strain and escalating operational costs. Its financial distress stems from a failed expansion effort in 2025 targeting large enterprise clients for its core Object Storage product and the specialized Object Mount service (developed for media and entertainment), alongside underperforming divested products (Petagene and Valdi) that led to executive terminations. Facing immediate threats from key creditors to halt services, which would result in permanent client data loss and destroy the business, the Debtor implemented payroll and expense reductions and filed an expedited bankruptcy petition to stabilize its operations as a going concern. About Storj Labs Storj Labs Inc. is a blockchain infrastructure company specializing in decentralized cloud storage solutions. The company operates a peer-to-peer storage network that distributes encrypted data across independently operated storage nodes worldwide, improving resilience and reducing dependence on conventional cloud providers. Founded in 2014, Storj serves customers in industries including software development, media, artificial intelligence, healthcare, and enterprise data management. Storj Labs sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W. Va. Case No. 26-00512) on July 26, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Christopher R. Arthur, Esq. of Spilman Thomas & Battle. STORJ LABS: Gets OK to Tap Spilman Thomas & Battle as Legal Counsel ------------------------------------------------------------------- Storj Labs Inc. received approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to employ Spilman Thomas & Battle, PLLC as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the operation of its business and property; (b) advise and consult on the conduct of this Chapter 11 case; (c) attend meetings and negotiate with representatives of creditors and other parties in interest; (d) take all necessary actions to protect and preserve the Debtor's estate; (e) prepare pleadings in connection with this Chapter 11 case; (f) represent the Debtor in connection with obtaining authority to continue using cash collateral; (g) advise the Debtor in connection with any potential sale of assets; (h) appear before the Court and any appellate courts to represent the interests of the Debtor's estate; (i) take any necessary action on behalf of the Debtor to negotiate, prepare, and obtain approval of a disclosure statement and confirmation of a Chapter 11 plan and all documents related thereto; and (j) perform all other necessary legal services for the Debtor in connection with the prosecution of this Chapter 11 case. The firm will be paid at these hourly rates: Partners, Counsel and Associates $375 - $665 Paraprofessionals $200 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, Spilman received a retainer of $50,000 from the Debtor. Christopher Arthur, Esq., an attorney at Spilman Thomas & Battle, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Christopher R. Arthur, Esq. Spilman Thomas & Battle, PLLC Charleston, WV 25301 Telephone: (304) 531-9520 Facsimile: (304) 291-7979 Email: carthur@spilmanlaw.com About Storj Labs Storj Labs Inc. is a blockchain infrastructure company specializing in decentralized cloud storage solutions. The company operates a peer-to-peer storage network that distributes encrypted data across independently operated storage nodes worldwide, improving resilience and reducing dependence on conventional cloud providers. Founded in 2014, Storj serves customers in industries including software development, media, artificial intelligence, healthcare, and enterprise data management. Storj Labs sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. W. Va. Case No. 26-00512) on July 26, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Christopher R. Arthur, Esq., at Spilman Thomas & Battle, PLLC. SYMPLR SOFTWARE: Ares Capital Marks $28.3MM 1L Loan at 35% Off -------------------------------------------------------------- Ares Capital Corporation has marked its $28.3MM first lien senior secured loan to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. to market at $18.5MM or 65% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. The first lien senior secured loan accrues interest at 8.26% per annum and matures in December 2027. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About SYMPLR SOFTWARE INC. AND SYMPLR SOFTWARE INTERMEDIATE HOLDINGS, INC. Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. provide a SaaS-based healthcare compliance platform. SYMPLR SOFTWARE: Ares Capital Marks $56.2MM 2L Loan at 30% Off -------------------------------------------------------------- Ares Capital Corporation has marked its $56.2MM second lien senior secured loan to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. to market at $39.4MM, or 70% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. The second lien senior secured loan accrues interest at 13.76% (4% PIK) per annum and matures in December 2028. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About SYMPLR SOFTWARE INC. AND SYMPLR SOFTWARE INTERMEDIATE HOLDINGS, INC. Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. provide a SaaS-based healthcare compliance platform that helps healthcare organizations manage regulatory, credentialing, and related compliance requirements. SYMPLR SOFTWARE: Ares Capital Marks $800,000 1L Loan at 38% Off --------------------------------------------------------------- Ares Capital Corporation has marked its $800,000 first lien senior secured revolving loan to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. to market at $500,000 or 63% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. The first lien senior secured revolving loan accrues interest at 7.41% per annum. The loan matures in December 2027. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About SYMPLR SOFTWARE INC. AND SYMPLR SOFTWARE INTERMEDIATE HOLDINGS, INC. Symplr Software Inc. and Symplr Software Intermediate Holdings, Inc. are SaaS-based healthcare compliance platform providers. SYSTEM1 INC: Q2 Net Loss Narrows to $15.3M; Warns of Cash Crunch ---------------------------------------------------------------- System1, Inc. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the three and six months ended June 30, 2026. The Company reported a net loss of $15.3 million for the three months ended June 30, 2026, compared to a net loss of $21.5 million for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net loss of $72.9 million, compared to a net loss of $41.4 million for the same period in the prior year. Revenues for the three months ended June 30, 2026, were $30.2 million, compared to $78.1 million in the prior-year period. Revenues for the six months ended June 30, 2026, decreased to $67.4 million from $152.6 million in the same period of the prior year. Liquidity and Capital Resources To date, the Company's principal sources of liquidity have historically been from the sale of Total Security Limited (formerly known as Protected.net Group Limited), indebtedness available under its credit facilities, other indebtedness, and cash flows from operations. The Company has experienced declining cash flows and financial performance primarily as a result of reductions in Advertising Partner and overall consumer demand for its marketing services. As of June 30, 2026, the Company had unrestricted cash and cash equivalents of $40.5 million and negative net working capital, which it defines as current assets less current liabilities, of $27.4 million. The Company had an aggregate principal amount outstanding of $50.0 million under its revolving facility with a maturity date of Jan. 27, 2027, and $245.1 million of term debt outstanding on its term loan, which matures in July 2027. At its annual meeting of stockholders held on July 22, 2026, the stockholders approved an exchange agreement with all lenders under the Existing Credit Agreement, satisfying settlement of the outstanding balance on its revolving facility, which was due Jan. 2027, and reducing the principal and extending the maturity date on its Term Loan. The Company's principal sources of liquidity are expected to be cash on hand and cash flows from financing activities. The Company's ability to fund future operating expenses and capital expenditures, and its ability to meet its future debt service obligations, will depend on its ability to execute its operational strategy and may be affected by its profitability, as well as general economic, financial, and other factors that are beyond its control. The Company's revenue is dependent on two key Advertising Partners, which are Google and Microsoft. Management determined, as a result of this evaluation, that the Company's current cash and cash equivalents and net working capital position raise substantial doubt about its ability to continue as a going concern for the twelve-month period following the date of the quarterly report filing. Management has initiated cost-reduction programs consisting of reduction in force and reducing activities for businesses, which immediately reduced the Company's cash burn rate. Management cannot conclude as of the date of the filing that its plans are probable of mitigating the conditions and events that raise substantial doubt. As a result, management has concluded that substantial doubt exists about the Company's ability to continue as a going concern. The Company's main focus is executing on its operational strategy, which includes continued focus on expanding the number of advertising partners that are utilizing or integrated with its platform by continuing to attract and monetize users with commercial intent on its Products and on behalf of its Network Partners as well as optimizing bids and driving higher returns on advertising spend. Additionally, the Company is focused on its current cost structure by reducing its cash operating expenses. Adverse macroeconomic conditions have affected, and may in the future affect, the demand for advertising, resulting in fluctuations in the amounts the Company's advertisers spend on advertising, which could have a negative impact on its financial condition and operating results. Credit Facilities Debt, Net The Company entered into a term loan and revolving facility with Bank of America, N.A., on Jan. 27, 2022, providing for a 5.5-year term loan with a principal balance of $400.0 million and with the net proceeds of $376.0 million. The Revolving Facility provided for borrowing availability of up to $50.0 million. As of June 30, 2026, there was a principal of $245.1 million outstanding on the Term Loan. Through Dec. 31, 2025, $5.0 million of the Term Loan was payable quarterly. From March 31, 2026, $7.5 million of the Term Loan is payable quarterly. The Term Loan matures in July 2027. For every interest period, the interest rate on the Term Loan is the adjusted Secured Overnight Financing Rate plus 4.75%. The Term Loan is amortized in quarterly installments on each scheduled payment date. The Term Loan comes with a leverage covenant, which goes into effect only if the utilization on the Revolving Facility exceeds 35% of the $50.0 million Revolving Facility at each quarter-end starting the second quarter of 2022, such that the first lien leverage ratio (as defined in the Existing Credit Agreement) should not exceed 5.40. The Existing Credit Agreement has certain financial and nonfinancial covenants, including the "springing" leverage ratio covenant. The Existing Credit Agreement also requires that the Company deliver its audited consolidated financial statements to its lender within 120 days of its fiscal year end, Dec. 31. Should the Company fail to distribute the financial statements to its lender within 120 days, it is allowed an additional 30 days to cure. The Company was in compliance with the financial covenants under the Term Loan as of June 30, 2026. The interest rate on the Revolving Facility is the adjusted SOFR plus 2.5% with an adjusted SOFR floor of 0%. During the fourth quarter of 2025, the Company borrowed $50.0 million under the Revolving Facility, and the balance outstanding as of June 30, 2026, and Dec. 31, 2025, was $50 million, presented within current liabilities. The Company was in compliance with the financial covenants under the Revolving Facility as of June 30, 2026. The carrying values of the Company's debt, net of discounts, deferred financing, and debt issuance costs, were as follows: As of June 30, 2026, the carrying value of the Company's total debt, net (2) of discounts, deferred financing costs, and debt issuance costs, was $291.795 million, compared to $305.117 million as of Dec. 31, 2025. The carrying value of the Term Loan (1) was $241.795 million, compared to $255.117 million at Dec. 31, 2025, while the Revolving Facility remained unchanged at $50 million. Footnotes: (1) Includes unamortized discount of $3.1 million and $4.7 million and unamortized loan fees of $0.2 million and $0.3 million, as of June 30, 2026, and Dec. 31, 2025, respectively, recorded as a reduction of the carrying amount of the debt and amortized to interest expense using the effective interest method. (2) Estimated fair value of the Company's debt was $229.3 million as of June 30, 2026. Debt Exchange and Settlement Agreement On May 29, 2026, the Company entered into an exchange agreement with all lenders under its Existing Credit Agreement, which was ratified by its shareholders at the annual shareholder meeting held on July 22, 2026. The Existing Credit Agreement shall be deemed repaid in full in exchange for: (i) a new $150 million term loan facility held by the Participating Lenders, maturing in Jan. 2031 and bearing interest at Term SOFR plus 5% (with up to 50% of interest payable in kind at a plus 0.50% margin premium), amortizing at 0.25% of original principal per quarter, with a 75% excess-cash-flow sweep and no financial maintenance covenants; (ii) the issuance of 39,250 shares of Series A Cumulative Convertible Preferred Stock, $0.0001 par value per share and initial stated value of $1,022.05 per share, assuming an initial conversion price of $10.40, convertible up to 5,287,321 shares of the Company's Class A Common Stock, and includes shares of Class A Common Stock issuable upon conversion of the Series A Preferred Stock in respect of accrued PIK Dividends to the Participating Lenders, with an aggregate initial stated value of $40.1 million; and (iii) a one-time cash payment to the Participating Lenders in the aggregate amount of $20.9 million. "PIK Dividends" means preferential cumulative dividends accruing at a rate of 7% per annum on the stated value of the Series A Preferred Stock and, unless paid in cash, compounded and added to the stated value of the Series A Preferred Stock each calendar quarter from July 23, 2026, until Jan. 14, 2031. Management Comments on Second Quarter Results "The second quarter was a pivotal one for System1, as we signed a transformative agreement to cut our gross debt by half, and our Products business continued to demonstrate real operating strength," commented Michael Blend, System1's Co-Founder & Chief Executive Officer. "We also launched several new agentic data products, including our MapQuest and Dogpile MCP servers. As we head into the second half of 2026, we are focused on capitalizing on the tailwinds and initiatives powering our Products business while returning our Partner Network to growth mode." Tridivesh Kidambi, Chief Financial Officer of System1, added, "Our Q2 results reflect our decision in late Q1 to significantly reduce marketing activity tied to search monetization across our owned and operated properties, leading to a planned decrease in year-over-year revenue but also driving adjusted gross margin up to 85% as a result of the higher-quality Products business generating the majority of our revenue and gross profit. The signing and closing of the debt exchange transaction sets us up to continue to invest in our Products business for the long term while continuing to focus on operational efficiencies in our Partner Network business and cost structure in the short term." A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/5e3s4m99. About System1, Inc. System1 -- http://www.system1.com-- operates several flagship brands across multiple consumer verticals, including shopping, travel, and search, and a best-in-class customer acquisition and marketing platform powered by AI and machine learning. The Company's platform is omnichannel and omnivertical, delivering high-intent customers to its advertising partners to maximize their reach and effectiveness. Los Angeles, California-based Deloitte and Touche LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 11, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company is experiencing difficulty in generating sufficient cash flow to meet its obligations and sustain its operations, which raises substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2026, the Company had $291.4 million in total assets, $344.4 million in total liabilities, and $53 million in total stockholders' deficit. * * * In Aug. 2026, S&P Global Ratings raised its issuer credit rating on System1 Inc. to 'CCC+' from 'D.' System1 Inc. recently completed a debt restructuring, exchanging its fully drawn revolving credit facility and term loan (both maturing in 2027) for cash, preferred stock, and a new term loan. While the transaction improves leverage and free operating cash flow (FOCF), S&P believes little room remains for underperformance. TEASDALE FOODS: Ares Capital Marks $83.2MM 1L Loan at 25% Off ------------------------------------------------------------- Ares Capital Corporation has marked its $83.2MM first lien senior secured loan to Teasdale Foods, Inc. and Familia Group Holdings Inc. to market at $62.4MM, or 75% of the outstanding amount, according to Ares Capital's Form 10-Q for the quarterly period ended July 29, 2026, filed with the U.S. Securities and Exchange Commission. Ares Capital is a participant in a loan extended to Teasdale Foods, Inc. and Familia Group Holdings Inc. The first lien senior secured loan matures in March 2029. Ares Capital Corporation is a business development company that provides financing solutions to middle-market companies across a range of industries. The Fund is led by M. Kort Schnabel as Chief Executive Officer. The Fund can be reached at: M. Kort Schnabel ARES CAPITAL CORPORATION 245 Park Avenue, 44th Floor New York, NY 10167 Telephone: (212) 750-7300 About TEASDALE FOODS, INC. AND FAMILIA GROUP HOLDINGS INC. Teasdale Foods, Inc. and Familia Group Holdings Inc. provide beans, sauces, and hominy products to customers across the retail, foodservice, and wholesale channels. TIME OUT PROPERTIES: Accountant to Get $41,388 in Fees ------------------------------------------------------ Judge Pamela W. Mcafee of the U.S. Bankruptcy Court for the Eastern District of North Carolina granted the application filed by the Time Out Properties, LLC Chapter 7 Trustee for allowance of compensation for accountant, Edward A. Golden, CPA and the firm of Sorren, Inc. (formerly Williams Overman Pierce, LLP). The Trustee is authorized to pay the accountant the total sum of $41,388 for services rendered. The accountant provided a valuable service to the estate, and has submitted to the Chapter 7 Trustee an accounting of his fees in the sum of $41,388.00 for services performed for the period of November 3, 2025 through April 30, 2026 for the Debtor. The Trustee says the amount to be paid to the accountant is fair and reasonable. About Toppos LLC Toppos LLC is primarily engaged in acting as lessors of buildings used as residences or dwellings. Toppos LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 23-02889) on October 5, 2023. In the petition signed by Neil Carmichael Bender, II, member-manager, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Pamela W. Mcafee oversees the case. Blake Y. Boyette, Esq., at Buckmiller, Boyette & Frost, LLC, represented the Debtor as legal counsel. The case was converted to Chapter 7 bankruptcy April 30, 2024. TMK HAWK: New Mountain Marks $27.4MM 1L Undrawn at 35% Off ---------------------------------------------------------- New Mountain Finance Corp has marked its $27,414.000 to TMK Hawk Parent, Corp. to market at 17,711,000 or 65% of the outstanding amount, according to New Mountain Finance Corp's Form 10-Q for the fiscal quarter ended Aug. 3, 2026, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a First Lien loan extended to RLG Holdings, LLC. The first lien loan accrues interest at 7.64% SOFR+4% per annum. The loan matures in July 2029. New Mountain Finance Corp is a closed-end, externally managed, non-diversified management investment company that operates as a business development company, primarily investing in middle-market companies in the United States. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director. The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About TMK Hawk Parent, Corp. Limited information about TMK Hawk Parent, Corp. was available in the filing. TRILLION ENERGY: Changes Name to Dune Oil Corp., Ticker DUNE ------------------------------------------------------------ Trillion Energy International Inc. changed its name to "Dune Oil Corp." effective Aug. 4, 2026. The name change reflects the Company's strategic pivot to oil development and exploration, representing a new direction for the Company. The Company's new trading symbol will be "DUNE" on the Canadian Securities Exchange. The new CUSIP number for the Company's common shares will be 265342105, and the new ISIN will be CA2653421057. The Company was advised by the CSE that the common shares will commence trading under the new name and new trading symbol effective at the opening of trading on Aug. 4, 2026. The Name change will not affect the rights of the Company's shareholders. There will be no consolidation of capital associated with the Name Change. Shareholders will not be required to take any action in connection with the Name Change. Issued certificates representing common shares in the capital of the Company will not be affected by the Name Change and will not need to be exchanged. Private Placement Update The Company also announced that, further to its previously announced non-brokered private placement, as described in the Company's April 17, 2026, and June 9, 2026, news releases, it has closed another tranche with the issuance of 1.03 million units at $0.15 per unit for gross proceeds of CAD$154,500 and settled CAD$168,085.35 in outstanding debt with arm's length parties with the issuance of 1,120,569 Units. Each Unit is comprised of one common share of the Company and one-half of one share purchase warrant, with each Warrant exercisable at a price of CAD$0.25 per share for a period of one year from the date of issuance. The Shares and Warrants issued in connection with this tranche of the Offering are subject to a hold period until Nov. 21, 2026, in accordance with applicable securities laws and the policies of the CSE. The Offering remains subject to any applicable approval of the CSE. Proceeds from the Offering will be used to fund contractual work program obligations on the M47 Concession, toward which the Company has paid a total of US$800,000 towards work commitments, audit and general corporate purposes, investor relations activities, the expenses of the Offering, and general working capital. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About Trillion Energy Trillion Energy International Inc. and its consolidated subsidiaries are Canadian-based oil and gas exploration and production companies. Calgary, Canada-based MNP LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated May 23, 2026, attached to the Company's Annual Report on Form 20-F for the year ended Dec. 31, 2025, citing that the Company has a negative working capital position, has accumulated deficits, and has negative cash flows from operations, which raise substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $2.6 million in total assets, $42.3 million in total liabilities, and $39.7 million in total stockholders' deficit. TRINITY COVE: Case Summary & One Unsecured Creditor --------------------------------------------------- Debtor: Trinity Cove Properties LLC 5622 Marine Parkway New Port Richey, FL 34652 Business Description: Trinity Cove Properties LLC is a New Port Richey, Florida-based real estate company that owns and leases a multi-tenant office and medical-office complex at 5622 Marine Parkway. Chapter 11 Petition Date: August 2, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-06890 Judge: Hon. Luis Ernesto Rivera II Debtor's Counsel: Kevin Comer, Esq. COMER LAW FIRM 2135 1/2 2nd Avenue North Saint Petersburg FL 33713 Tel: 727-729-2719 Email: kevin@comer.work Total Assets: $3,602,000 Total Liabilities: $1,000,000 The petition was signed by Danny Vargo as owner. The Debtor listed the Pasco County Tax Collector, located at 8731 Citizens Drive, Suite 130, New Port Richey, Florida 34654, as its sole unsecured creditor, with a claim arising from unpaid property taxes. A complete copy of the Chapter 11 petition is available free of charge through PacerMonitor at: https://www.pacermonitor.com/view/6YECODI/Trinity_Cove_Properties_LLC__flmbke-26-06890__0001.0.pdf?mcid=tGE4TAMA TRIO BIDCO: Moody's Affirms 'B3' CFR & Alters Outlook to Positive ----------------------------------------------------------------- Moody's Ratings affirmed Trio BidCo, LLC's (Trace3) B3 corporate family rating, B3-PD probability of default rating, and B3 Senior Secured Bank Credit Facility ratings. The outlook was changed to positive from stable. The change in outlook to positive from stable reflects Moody's expectations that Trace3 will maintain leverage below 6x and FCF/Debt above 5% in the next 12-18 months. Barring material debt-funded transactions or significant shareholder distributions, Moody's expects Trace3 to maintain 5x leverage and at least 10% FCF/Debt, affording it some leeway for transactions that support growth. The positive outlook also acknowledges Trace3's increased gross profit and potential for cash generation compared to its initial LBO by American Securities in 2021, as well as the company's track record of de-levering following debt funded transactions such as the 2024 shareholder distribution and subsequent LBO by Apollo in November of 2025. An upgrade to the CFR would reflect Moody's comfort that Trace3's aggressive financial policy will not preclude it from returning to credit metrics appropriate for the rating category. RATINGS RATIONALE Trace3's B3 CFR broadly reflects the company's small scale compared to competing IT value-added resellers and managed services firms as well as the challenges of evolving requirements of IT deployments for enterprises including the ongoing transition to cloud platforms. The company's controlled ownership and expectation for an aggressive financial policy also constrain the rating. The CFR benefits from the company's diversified OEM vendor supplier list, specialization in emerging technology and software-focused IT solutions in high growth areas such as hybrid cloud, security and network, and data intelligence, and customer base of large Fortune 1,000 clients. The company is vendor agnostic and its exposure to top vendors is much lower than those of its immediate peers. Moody's expects Trace3's focus on software-IT solutions in high growth areas coupled with ample wallet share opportunities within its existing Fortune 1,000 customer base will result in solid organic gross profit growth in the next 12-18 months. Trace3's liquidity is good. While, the company's internal cash generation is somewhat volatile due to seasonality (around 65% of gross profit is generated in H2) and exposure to working capital swings, Moody's projects Trace3 can generate sufficient free cash flow (FCF) such that its annual FCF/Debt exceeds 10% assuming no debt-funded transactions. Additionally, the capital structure contains a $300 million ABL revolving credit facility, $225 million of which can be used for general corporate purposes with the balance dedicated to channel financing capacity. Access to the ABL revolver is governed by a springing 1.0x FCCR ratio that tests only when specified availability is less than the greater of 10% or $15 million. Instrument ratings for Trace3's debt incorporate both the overall probability of default rating (PDR) of the company, reflected in the PDR of B3-PD, and an average recovery expectation at default. Moody's considers the $225 million ABL commitment available for general corporate purposes, not the full $300 million available for channel financing. In the event of bankruptcy, Moody's would not expect the outstanding balance of the channel financing commitment to influence the recovery of other lenders due to the self-liquidating nature of the instrument. Trio HoldCo, Inc., which is the issuer of audited financial statements, is an indirect, parent holding company of Trio BidCo, LLC (Trace3). Trace3 is the primary borrower of rated debt. Trio HoldCo, Inc. is not a guarantor nor loan party. The company confirmed that Trio HoldCo, Inc. and Trio MidCo, LLC are holding companies with no other operations, cash flows, or material assets or liabilities other than equity interest in Trio BidCo, LLC (Trace3). Moody's expects that appropriate footnote disclosures will be provided in the audited financials to help monitor differences between the borrower and the financial entity going forward. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Ratings could be upgraded if Trace3 continues to add scale, sustains good organic growth, maintains debt/EBITDA below 6x, and generates consistent FCF/debt above 5%. Ratings could be downgraded if a decline in profitability or cash flow leads to adjusted debt/EBITDA being sustained above 7x or EBITDA margins erode. There would be downward pressure on ratings if liquidity were to weaken resulting in breakeven FCF or reduced revolver availability. A deteriorating relationship with key suppliers could also pressure the ratings. In addition, debt-funded acquisitions and distributions can apply ratings pressure. The principal methodology used in these ratings was Business and Consumer Services published in February 2026. Trace3, headquartered in Irvine, CA, is a provider of end-to-end IT technology products, solutions and services for enterprise and mid-sized companies across the US. The company specializes in providing solutions on emerging technologies in the areas of security, data intelligence, cloud, DevOps, and data center solutions. Trace3 is owned by Apollo, with prior sponsor American Securities retaining some ownership. TRM NRE: Unsecured Creditors "Unimpaired" in Joint Plan ------------------------------------------------------- TRM NRE Holding LLC and TRM NRE Acquisition LLC filed with the U.S. Bankruptcy Court for the District of Delaware a Combined Disclosure Statement and Joint Plan of Reorganization dated July 30, 2026. TRM NRE Holding LLC and TRM NRE Acquisition LLC, operating as National Railway Equipment Co. (NRE), are the world's largest independent supplier of locomotive services, including locomotive servicing, manufacturing, remanufacturing, leasing, field services, parts, and salvage operations. Founded in 1984 and headquartered in Mt. Vernon, Illinois, the company has delivered more than 1,200 new and remanufactured locomotives to customers worldwide. The current debtors acquired substantially all of the company's operating assets on May 2, 2023. The company filed for Chapter 11 bankruptcy to stabilize operations, obtain needed liquidity, and implement a reorganization plan supported by exit financing or another value maximizing transaction for the benefit of the estates and creditors. Before the bankruptcy filing, the First Lien Lender asserted alleged defaults under the loan agreement, which the Debtors dispute. The lender imposed conditions that restricted liquidity and operational flexibility, limiting access to working capital, disrupting customer service, threatening supplier relationships, and hindering efforts to pursue refinancing or other strategic alternatives. Although the Debtors attempted to negotiate a refinancing before the loan's March 2028 maturity, they were unable to reach an out-of-court agreement. On July 16, 2026, the Debtors filed a Private Sale Motion seeking approval to sell certain locomotives and related assets located at the Paducah, Kentucky facility to LHAGS Inc. for $2.1 million. They also filed a motion requesting permission to redact commercially sensitive information related to the proposed sale. The Debtors also pursued exit financing. Around June 25, 2026, they received an indication of interest from a potential financing provider that they believe could adequately fund the reorganization plan and the reorganized company's working capital needs. The parties entered due diligence and negotiations. The Debtors planned to: * Complete the financing marketing process by September 10, 2026. * Receive indicative offers by August 25, 2026. * Select a financing proposal and execute commitment documents by September 8, 2026. * Include the financing terms in the Plan Supplement by September 29, 2026. Obtaining exit financing is a required condition for completing the reorganization plan. The Plan classifies claims as follows: * Class 5 General Unsecured Claims: These claims are unimpaired, deemed to accept the Plan, and are not entitled to vote. Holders of allowed claims will receive cash equal to the full amount of their allowed claims, unless they agree to different treatment. * Class 6 Prepetition Intercompany Claims: These claims are also unimpaired, deemed to accept the Plan, and are not entitled to vote. They will either be reinstated or receive other mutually agreed treatment. * Class 7 Existing Equity Interests: Existing equity interests are unimpaired, deemed to accept the Plan, and will be reinstated on the Effective Date, subject to implementation of the restructuring transactions. Funding for Plan distributions will come from: * Cash on hand, including operating cash, * Proceeds from the exit financing facility, * Reinstatement of subordinated notes and/or existing equity interests, and * Issuance of new equity or loans by the reorganized debtors. Following the Effective Date, the reorganized debtors may transfer funds among affiliates as needed to satisfy Plan obligations while continuing historical intercompany settlement practices. They will also have authority, without further Bankruptcy Court approval, to raise additional capital or obtain new financing, subject to any limitations contained in post-Effective Date financing agreements. A full-text copy of the Combined Disclosure Statement and Joint Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=0NbCtS from Stretto Inc., claims agent. Co-Counsel for the Debtors: W. Benjamin Winger, Esq. Stephanie B. Cohen, Esq. DLA Piper LLP (US) 444 West Lake Street, Suite 900 Chicago, IL 60606-0089 Phone: (312) 368-2172 Email: benjamin.winger@us.dlapiper.com R. Craig Martin, Esq. Roxanne M. Eastes, Esq. 1201 North Market Street, Suite 2100 Wilmington, Delaware 19801 Telephone: (302) 468-5700 Facsimile: (302) 394-2462 Email: craig.martin@us.dlapiper.com roxanne.eastes@us.dlapiper.com Co-Counsel for the Debtors: BAYARD, P.A. Daniel N. Brogan, Esq. 600 N. King Street, Suite 400 Wilmington, Delaware 19801 Telephone: (302) 655-5000 Facsimile: (302) 658-6395 Email: dbrogan@bayardlaw.com About TRM NRE TRM NRE is a Mt. Vernon, Illinois-based Debtor that supplies new, used, and remanufactured locomotives and provides locomotive, diesel engine, rail, marine, and power-related services. The Debtor offers leasing, field services, parts, salvage operations, overhauls, wreck repairs, and locomotive design, manufacturing, and re-engineering. It also provides marine and industrial diesel engine sales and service, automation and control services, and engine generator set and equipment sales. TRM NRE serves Class 1, regional, short line, government, and industrial railroads, along with OEMs, leasing companies, marine and industrial power customers, gas and oil platforms, and stationary power users. TRM NRE Holding LLC and TRM NRE Acquisition LLC filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del., Case No 26-10568) on April 21, 2026. The petitions were signed by Shaun Karn as authorized signatory. Each Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. The Hon. Karen B. Owens presides over the cases. DLA Piper LLP and Bayard, P.A., serve as bankruptcy co-counsel to the Debtors. Stretto, Inc. is the Debtors' claims and noticing agent. VI-JON LLC: Gets OK to Hire Omni as Claims and Noticing Agent ------------------------------------------------------------- Vi-Jon, LLC received approval from the U.S. Bankruptcy Court for the District of Delaware to employ Omni Agent Solutions, Inc. as claims and noticing agent. Omni will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 case of the Debtor. Prior to the petition date, the Debtor provided Omni an advance in the amount of $50,000. Paul Deutch, an executive vice president at Omni, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Paul H. Deutch Omni Agent Solutions, Inc. 5955 DeSoto Avenue Woodland Hills, CA 91367 About Vi-Jon LLC Vi-Jon, LLC sells private-label dry bath products, primarily Epsom salts and body powders, to major retailers across the United States. Through shared-services and co-manufacturing agreements with affiliated entities, the company supports the sourcing, manufacturing, packaging, testing, quality control, and distribution of its products. Its customers have included Amazon, Dollar General, Kroger, TopCo, and Walgreens. The business traces its history to the Peroxide Specialty Company, which began operations in 1908, and Vi-Jon, LLC owns a non-operational manufacturing plant in St. Louis, Missouri. Vi-Jon LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11216) on August 2, 2026. In its petition, the Debtor disclosed $1 million to $10 million in assets and $500 million to $1 billion in liabilities. The petition was signed by Mackenzie Shea as chief restructuring officer. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor tapped Sidley Austin LLP and Morris James LLP as counsel and Omni Agent Solutions, Inc. as claims and noticing agent. HOULIHAN LOKEY CAPITAL, INC. is the Debtor's investment banker and BERKELEY RESEARCH GROUP, LLC is the restructuring advisor. VIB TRANS: Fine-Tunes Plan Documents ------------------------------------ VIB Trans, Inc. submitted a Second Amended Plan of Reorganization dated July 30, 2026. VIB Trans, Inc. was founded in 2010 by Nevena Batachka as a family-owned trucking and logistics business. The company experienced strong performance from 2016 through 2022, with high revenues and profits, and expanded its fleet to more than 50 trucks and trailers by the end of 2023. A downturn in the trucking industry caused declining business, increased debt, and the surrender of some equipment to lenders. VIB Trans filed a Subchapter V Chapter 11 bankruptcy case on October 28, 2025, seeking to reorganize its operations. During the bankruptcy process, the company negotiated adequate protection payments for equipment it plans to retain, surrendered unnecessary collateral, and sought to restructure payments on remaining assets to improve cash flow and make the plan feasible. Nevena Batachka, the company's principal, filed her own Subchapter V Chapter 11 case in March 2026 due to personal unsecured debt from guarantees of VIB Trans loans. The company expects her case will not negatively affect its reorganization. Under the plan, holders of allowed unsecured claims (Class 2) will receive a pro rata share of $200,000 in total unsecured creditor payments over five years. Payments will be made annually at $40,000 per year beginning one year after the plan's effective date. Estimated recovery for unsecured creditors is approximately 9.55%. Certain disputed, contingent, or unliquidated claims without timely filed proofs of claim will not receive distributions. Equity holders (Class 3) will retain their ownership interests. Nevena Batachka may receive a salary for her work on behalf of the reorganized company, up to $45,000 in 2026, $50,000 in 2027, and $55,000 annually from 2028 through 2030, subject to available funds. Upon the plan's effective date, VIB Trans's assets will vest in the reorganized company, which will continue operations under the approved restructuring plan. The proposed plan is a five-year plan, with final payments expected around 2030. The company's financial projections indicate sufficient future disposable income to fund required plan payments. The projections consider challenges affecting the trucking industry, including regulatory issues, market conditions, tariff uncertainty, immigration restrictions affecting commercial driver's licenses, and high diesel prices. A full-text copy of the Second Amended Plan dated July 30, 2026 is available at https://urlcurt.com/u?l=RaqP6f from PacerMonitor.com at no charge. Counsel to the Debtor: David Freydin, Esq. Law Offices of David Freydin, LTD. 8707 Skokie Blvd, Suite 312 Skokie, IL 60077 Telephone: (847) 972-6157 Facsimile: (866) 897-7577 E-mail: david.freydin@freydinlaw.com About VIB Trans Inc. VIB Trans, Inc. operates as a freight transportation company based in Illinois, providing interstate cargo hauling services across the United States. It maintains a fleet of trucks and trailers, including Volvo, Freightliner, Kenworth, Mack, and Wabash units, to move general freight for commercial clients. VIB Trans filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-16602) on October 28, 2025, with $1,285,794 in assets and $3,047,598 in liabilities. Nevena Batachka, president of VIB Trans, signed the petition. Judge Jacqueline P. Cox presides over the case. David Freydin, Esq., at the Law Offices of David Freydin, is serving as the Debtor's bankruptcy counsel. VICTORINA LLC: Taps Rusing Lopez Lizardi & Saffer as Legal Counsel ------------------------------------------------------------------ Victorina LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Rusing Lopez Lizardi & Saffer, PLLC as counsel. The firm's services include: (a) advise with respect to the powers and duties of the Debtor; (b) represent the Debtor in connection with all appearances; (c) prepare on behalf of the Debtor of necessary legal documents; (d) prepare a plan and disclosure statement and handle all matters and court hearings related thereto; (e) represent the Debtor in discussions with the United States Trustee's office; (f) represent the Debtor in connection with negotiations involving creditors, parties-in-interest, and possible purchasers; and (g) perform all other legal services for the Debtor which may be necessary. The firm will be paid at these hourly rates: Jonathan Saffer, Attorney $650 Other Attorneys $375 - $700 Paralegals $275 - $300 The firm received a general retainer in the amount of $25,000 from the Debtor. Mr. Saffer 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: Jonathan M. Saffer, Esq. Rusing Lopez Lizardi & Saffer, PLLC 6363 North Swan Road, Suite 151 Tucson, AZ 85718 Telephone: (520) 792-4800 Facsimile: (520) 529-4262 Email: jsaffer@rllsaz.com About Victorina LLC Victorina LLC is a Phoenix, Arizona-based commercial real estate investment and management company. The firm focuses on acquiring, owning and managing commercial real estate assets. Court filings do not specify the circumstances that led to the Chapter 11 filing. Victorina LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-07101) on July 20, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $1 million to $10 million. The Honorable U.S. Bankruptcy Judge assigned to the case has not yet been identified in the available court records. The Debtor is represented by Jonathan M. Saffer, Esq., at Rusing Lopez Lizardi & Saffer, PLLC. VITAL YOU: Seeks to Hire McNamee Hosea as Bankruptcy Counsel ------------------------------------------------------------ Vital You Functional Medicine, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ McNamee Hosea, PA as counsel. The firm's services include: (a) provide the Debtor legal advice with respect to its powers and duties and in the operation and management of the business; (b) prepare any necessary legal papers, and appear on the Debtor's behalf in proceedings instituted by or against it; (c) assist the Debtor with the confirmation of a plan; (d) assist the Debtor with other legal matters related to its reorganization; and (e) perform all of the legal services for the Debtor that may be necessary or desirable herein. On June 2, 2026, McNamee Hosea was paid a retainer of $13,738 by the Debtor, as security for its fees and expenses related to the present Chapter 11, Subchapter V bankruptcy case. Kevin Feig, Esq., an attorney at McNamee Hosea, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin R. Feig, Esq. McNamee Hosea, PA 6404 Ivy Lane, Suite 820 Greenbelt, MD 20770 Telephone: (301) 441-2420 Facsimile: (301) 982-9450 Email: kfeig@mhlawyers.com About Vital You Functional Medicine Vital You Functional Medicine, LLC is an Annapolis, Maryland-based functional medicine and integrative cancer care clinic. The practice provides personalized healthcare services, including integrative cancer care, ExoTMS therapy, infusion services, and functional medicine treatments. Led by practitioner Melissa Trotman, the clinic operates under an out-of-network, fee-for-service model and continues serving patients from its Annapolis location. Vital You Functional Medicine sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-17733) on July 17, 2026. In its petition, the Debtor disclosed estimated assets of $50,000 to $100,000 and estimated liabilities of $500,000 to $1 million. The Debtor is represented by Janet M. Nesse, Esq., at McNamee Hosea, PA. Angela Shortall of 3Cubed Advisory Services, LLC serves as Subchapter V trustee for the Debtor. W. GATES REAL: Court Extends Cash Collateral Access to Sept. 14 --------------------------------------------------------------- W. Gates Real Estate Holdings, LLC received third interim approval from the U.S. Bankruptcy Court for the Northern District of California, Oakland Division, for continued use of cash collateral. The court authorized the Debtor to use cash collateral in accordance with an approved budget from July 13 through September 14. Budgeted expenditures must not exceed 25% of the amounts listed without creditor consent or further court authorization. The interim relief remains effective from July 13 through September 14. The court determined that secured creditors are protected by a substantial equity cushion in the Debtor's real estate assets. As additional protection, the court directed the Debtor to reserve and make monthly payments of $8,250 to Wilson Bank & Trust, maintain appropriate insurance coverage on its assets, and provide financial information to creditors upon request. Other secured creditors are entitled to reserve mortgage payments as they come due and were granted replacement liens with the same validity and priority as their pre-petition liens. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/bAJgn from PacerMonitor.com. A final hearing is scheduled for September 14. About W. Gates Real Estate Holdings LLC W. Gates Real Estate Holdings, LLC owns a residential real estate property in Nolensville, Tennessee, at 2794 Sanford Road. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-11110) on April 29, 2026. In the petition signed by William Coffee, as managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Nicholas W. Whittenburg oversees the case. W. Thomas Bible, Jr., Esq., at Tom Bible Law, represents the Debtor as bankruptcy counsel. WR GRACE: Fitch Alters Outlook on 'B' Long-Term IDR to Negative --------------------------------------------------------------- Fitch Ratings has affirmed W.R. Grace Holdings LLC's (Grace) Long-Term Issuer Default Rating (IDR) at 'B'. Fitch has also affirmed Grace's senior secured revolver and existing senior secured debt at 'BB' with a Recovery Rating of 'RR1' and its senior unsecured notes at 'B-'/'RR5'. The Rating Outlook has been revised to Negative from Stable. The ratings reflect the company's solid financial flexibility and improving cash generation, solid support from Standard Industries, and sustained high leverage profile. The Negative Outlook reflects Fitch's belief that the company is unlikely to be able to generate enough cash to materially reduce debt in the near term, given the challenged demand environment, leading to EBITDA leverage above 6.5x until at least 2028. Key Rating Drivers Improving Costs, Pressured Demand: Grace's 'B' rating reflects a high but improving debt burden and pressured EBITDA margins. Moderating raw material prices and a slightly improved demand environment drove Fitch-calculated EBITDA margins to nearly 23% in 2024. However, operating rates among chemical producers remain low relative to pre-pandemic levels. Global capacity additions and continuing European weakness are further affecting the near-term specialty catalyst outlook and lead to a material decline in volumes and margins in 2025. Fitch believes recovering volumes, price increases, and cost control initiatives in late 2026 and beyond will support modest deleveraging as the company's baseline EBTIDA margins improve, though an uncertain global economic environment could temper these expectations. Muted Near-Term FCF: With few material debt maturities until 2029, Fitch expects Grace's financial flexibility to remain adequate. The company's $318 million in preferred shares have been retired, as has the 2028 term loan. Grace's revolver has also been extended to 2030, with the company's maturities now falling in 2029 and beyond. Fitch expects FCF to remain muted throughout the rest of 2026 with FCF slowly expanding through the remainder of the forecast driven by solid refining technologies demand and steady improvement in specialty catalyst and materials technologies. Equity Contributions Drive Deleveraging: Standard Industries has contributed $650 million since April 2025 largely for the purposes of debt reduction, including a $300 million contribution in June 2025 to retire the company's outstanding preferred shares (defined as debt by Fitch). Fitch believes that these contributions signal both Grace and Standard's interest in and commitment to material debt reduction, resulting in an improved balance sheet and cash flow profile. Refinery Production Supports Earnings Stability: Stability in the Performance Catalyst Solutions (PCS) business is supported in part by refinery production utilization levels. Products have various uses, including cracking hydrocarbon chains in distilled crude oil to produce transportation fuels, maximizing propylene production and converting methanol into petrochemical feeds. These are valuable inputs to a refinery's operations that support the optimization of crack spreads. Fitch expects volumes to track refinery utilization levels, currently supported by robust fuel demand, with high pass-through rates providing underlying stability in contrast to projected specialty catalyst weakness. Specialized Chemical Portfolio: Grace's two business segments offer highly specialized products with high margins and pricing power. It has been able to pass through costs to customers, and the PCS segment has consistently generated EBITDA margins of around or above 30%, while the Materials Technologies (MT) business is in the low-20% vicinity. These margins are on the high end for specialty chemical companies and, while somewhat volatile, are partially insulated by solid pass-through rates. Fitch believes Grace will continue to deploy capital in the medium term to build out the MT segment but that the near-term priority will remain debt reduction. Peer Analysis Grace's EBITDA margins place the company firmly within the specialty chemical group. The company is smaller than its former direct competitor Albemarle Corporation (Albemarle; BBB-/Stable). In early 2026, Albemarle sold a controlling stake in Ketjen, its catalyst business, to KPS Capital Partners. Like NewMarket Corporation (BBB/Stable), Grace is a leader in a highly specialized industry but historically has demonstrated a greater appetite for debt-funded M&A. Fitch expects the company to operate with a leverage profile generally consistent with the 'B' rating category. Advancion Holdings, LLC (Advancion; CCC) has operated with a similar leverage profile as Grace following M&A and dividend recapitalization activities. However, Grace's FCF generation capabilities are stronger. Grace's interest coverage is stronger than Advancion's, and tight coverage is a material credit consideration for Advancion. Albemarle has historically operated at a significantly lower leverage than Grace, historically employing a strategy of building out its faster-growing segments through cash generated at its catalyst business. Fitch’s Key Rating-Case Assumptions - Near-term revenue growth negatively affected primarily by soft specialty catalyst demand, with conditions improving steadily throughout the forecast; - EBITDA margins improve slightly throughout 2026, continuing to improve gradually afterward; - Limited to no upstream dividends to Standard Industries; - EBITDA leverage improves slightly in 2026, with more material deleveraging beginning in 2027 as FCF margins improve, facilitating gradual voluntary debt repayments. 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+', Moderate), sector characteristics ('bbb-', Moderate), market and competitive positioning ('bbb-', Moderate), diversification and asset quality ('bbb', Lower), company operational characteristics ('bbb-', Moderate), profitability ('bbb', Lower), financial structure ('ccc+', Higher), and financial flexibility ('b', Higher). The quantitative financial subfactors are based on custom CRT financial period parameters: 5% weight for the historical year 2025, 5% for the forecast year 2026, 5% for the forecast year 2027, 40% for the forecast year 2028 and 45% for the forecast year 2029. 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 The recovery analysis assumes that Grace would be reorganized as a going-concern (GC) in bankruptcy, rather than liquidated. Fitch has assumed a 10% administrative claim. The GC EBITDA estimate reflects Fitch's view of a sustainable, post reorganization EBITDA level upon which the company's valuation is based. The GC EBITDA depicts a scenario in which severe headwinds in the company's more commoditized Refining Technologies business, along with weak growth in other segments due to slower macroeconomic activity, lead to a severe drop in both EBITDA and cash generation. The assumption also considers corrective measures taken in the reorganization to offset the adverse conditions that triggered default, such as cost-cutting efforts and industry recovery. An enterprise value (EV) multiple of 6.5x EBITDA is applied to the GC EBITDA to calculate a post-reorganization EV. The multiple is comparable to the range of historical bankruptcy case study exit multiples for peer companies, which ranged from 5.0x to 8.0x. Bankruptcies in this sector related either to litigation or to deep cyclical troughs. The revolving credit facility is assumed to be drawn at 80%. Fitch's recovery assumptions result in a 100% recovery for the senior secured debt, which maps to the 'RR1' range and results in a 'BB' rating. The assumptions also result in a 14% recovery for the senior unsecured debt, which maps to the 'RR5' range and results in a 'B-' rating. RATING SENSITIVITIES Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade - EBITDA leverage durably above 6.5x without clear sight to material deleveraging; - EBITDA interest coverage durably below 2.0x; - Reduced ability to pass through costs to customers, leading to less stable margins and heightened cash flow risk. Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade - Demonstrative gross debt reduction coupled with continued cash generation and earnings stability, leading to EBITDA leverage durably below 5.5x; - Additional equity support, leading to a material reduction in gross debt. Liquidity and Debt Structure Grace's liquidity position is solid, with roughly $352.1 million in availability on its revolving credit facility and a moderate cash balance. The company faces limited maturities until 2029. Issuer Profile Grace is a specialty chemicals company comprised of Performance Catalyst Solutions (PCS) and Grace Materials Technologies (MT) segments. It produces catalysts and related products and technologies used in petrochemical, refining, and other chemical manufacturing applications. 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 W. R. Grace Holdings LLC. ESG Considerations The highest level of ESG credit relevance is a score of '3', unless otherwise disclosed in this section. A score of '3' means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. Fitch's ESG Relevance Scores are not inputs in the rating process; they are an observation on the relevance and materiality of ESG factors in the rating decision. Entity/Debt Rating Recovery Prior ----------- ------ -------- ----- W. R. Grace Holdings LLC LT IDR B Affirmed B senior unsecured LT B- Affirmed RR5 B- senior secured LT BB Affirmed RR1 BB ZD SAND: Unsecured Creditors Will Get 100% of Claims in Plan ------------------------------------------------------------ Tatiana M. Golovina and Wesley Andrews (collectively, the "LLC Interest Owners", "Existing Equity Interests" or "Proponents"), who each own 50% membership interest in ZD Sand LLC, submitted a Plan of Reorganization Combined with Disclosure Statement for the Debtor dated July 30, 2026. ZD Sand LLC is a Texas limited liability company founded by Tatiana Golovina and Wesley Andrews. Ms. Golovina provided the initial funding to purchase land, while Mr. Andrews has managed the company's operations since it began in 2022. The company was originally created to acquire land in Central Texas for ranchette development. It later expanded its business strategy to include producing sand and gravel for the oil and gas and transportation industries. When ZD Sand experienced financial difficulties with its primary secured lender and was unable to obtain replacement financing, accurate financial reporting became essential. After filing for bankruptcy, the company retained Karen Nicolaou of Harney Partners to reconstruct its financial records and evaluate its financial condition. Following her appointment as Chief Restructuring Officer on May 17, 2026, she and her team improved the company's financial reporting, as reflected in the monthly operating statements filed with the bankruptcy court. The proposed exit financing will be provided by 1845 Lending, LLC. The financing term sheet was revised to make the LLC interest owners the guarantors and signatories and to incorporate other changes that the document states benefit the debtor. The proposed reorganization plan seeks to: * Pay secured creditors the amounts of their allowed secured claims, including principal, accrued default interest (if appropriate), and reasonable fees and costs, on the plan's effective date, leaving secured creditor classes unimpaired. * Pay allowed unsecured claims in full (100% of the allowed amount) without interest. Because unsecured creditors will not receive interest, they are classified as impaired and are entitled to vote on the plan. * Resolve the final amount of allowed claims through agreement or bankruptcy court determination where necessary. The amended schedules list 42 unsecured creditors with scheduled claims totaling $3,205,659.81, although the plan proponents dispute this total and believe it should be reduced because some claims have already been paid or otherwise satisfied. For Class C-1 (General Unsecured Claims), each holder will receive cash equal to its allowed claim on the later of the effective date or, if the claim is allowed later, within 30 calendar days after the claim becomes allowed. Holders of these claims are impaired and may vote to accept or reject the plan. For Class D-1 (Existing Common Interests), the existing ownership interests will remain unchanged on the effective date without requiring additional corporate or LLC approvals. The plan also provides that: * It constitutes a good-faith compromise and settlement of claims, interests, and related controversies, except for causes of action. * On the effective date, the reorganized debtor will receive all assets free and clear of liens and other interests except as provided in the plan and confirmation order. * The reorganized debtor will be authorized, but not required, to pursue causes of action and distribute any proceeds according to the plan. * After payments are made on the effective date, the reorganized debtor may release certain claims as part of implementing the plan. Overall, the LLC interest owners propose a reorganization plan that would: * Pay all creditor classes in full using cash on hand and proceeds from the exit loan. * Establish a new banking relationship with the exit lender. * Install a professional management team to operate the reorganized company after the assets revest in the reorganized debtor, with the effective date projected to be around October 1, 2026. A full-text copy of the Plan of Reorganization dated July 30, 2026 is available at https://urlcurt.com/u?l=odo38U from PacerMonitor.com at no charge. Attorneys for Tatiana M. Golovina and Wesley Andrews: SHANNON LEE BEATTY, LLP Kyung S. Lee, Esq. Austin Niemtschk, Esq. 2100 Travis Street, Suite 1480 Houston, Texas 77002 Telephone: 713-714-5770 Facsimile: 833-714-5770 About ZD Sand LLC ZD Sand LLC, doing business as ZD Sand & Rock LLC, provides sand, rock, and aggregate materials from its headquarters in Voca, Texas, including concrete and masonry sand, boulders, topsoil, and various gravels and palleted rocks. The company serves contractors, suppliers, and regional buyers, offering delivery services to support construction and landscaping projects. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32398) on April 6, 2026. In the petition signed by Thomas A. Dickinson, manager and representative of the Debtor, the Debtor disclosed up to $100 million in assets and up to $10 million in liabilities. Judge Jeffrey P. Norman oversees the case. Erin Jones, Esq., at Jones Murray, LLP, represents the Debtor as legal counsel. [] Total U.S. Bankruptcy Filings Up 10% in July 2026 ---------------------------------------------------- The 234 Subchapter V elections within Chapter 11 in July 2026 represent a 24% increase over the 188 filings recorded in July 2025, according to data provided by Epiq AACER, the leading provider of US bankruptcy filing data. Key July 2026 data include: * 54,718 total bankruptcy filings, a 10% increase from July 2025 (49,674). * 51,925 individual bankruptcy filings, an 11% increase from July 2025 (46,639). * 32,651 individual Chapter 7 filings, a 12% increase from July 2025 (29,122). "July's filings increase reflects the cumulative impact of elevated interest rates, higher target inflation, and record household debt levels that near $18.8 trillion," said Michael Hunter, Vice President of Epiq AACER. "These numbers capture the ongoing stress from tighter credit conditions and softer consumer demand that have built over the past two years." In July 2026, there were: * 19,152 individual Chapter 13 filings, a 10 % increase from July 2025 (17,410). * 2793 overall commercial filings, an 8% decrease from July 2025 (3035). * 666 commercial Chapter 11 filings, a 27% decrease from July 2025 (914). Note that last year's total included more than 300 filings from a large healthcare system's bankruptcy. "Bankruptcy serves as a critical safeguard, helping households and businesses reorganize their finances, preserve value, and move forward during periods of financial distress," said Amy Quackenboss, Executive Director at the American Bankruptcy Institute (ABI). "ABI appreciates the continued efforts of Congress to permanently expand access for both distressed small businesses looking to restructure under Subchapter V and for consumers looking to file under Chapter 13." Legislation introduced by Sen. Chuck Grassley (R-Iowa) recently passed the Senate to permanently increase the debt eligibility limit to $7.5 million for small businesses looking to restructure under the streamlined process of Subchapter V of Chapter 11. The legislation would also raise the debt limit for individual Chapter 13 filings to $2.75 million and remove the distinction between secured and unsecured debt for that calculation. The bill now goes to the House of Representatives, where companion legislation was previously introduced by Rep. Ben Cline (R-Va.) and was reported favorably for full House consideration. Comparing previous month totals: * Total filings increased 5% from June's total of 52,291. * Individual filings increased 5% from June's total of 49,420. * Individual Chapter 7s increased 4% from June's total of 31,423. * Individual Chapter 13s increased 7% from June's total of 17,887. * Commercial filings decreased 3% from June's total of 2871. * Commercial Chapter 11 filings decreased 18% from June's total of 814. * Subchapter V elections decreased 9% from June's total of 257. ABI has partnered with Epiq Bankruptcy to provide the most current bankruptcy filing data for analysts, researchers, and members of the news media. Epiq Bankruptcy is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry's most dynamic bankruptcy data, updated daily. Learn more. About Epiq Epiq, a technology and services leader, takes on large-scale and complex tasks for corporations, law firms, and the courts by integrating people, process, technology, and data intelligence. Clients rely on Epiq to streamline legal, compliance, and settlement administration workflows to drive efficiency, minimize risk, and improve cost savings. With a presence in 17 countries, our values define who we are and how we partner with clients and communities. Learn how Epiq and its 4,000 people worldwide create meaningful change at epiqglobal.com.   About ABI ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events. Press Contacts: John Lute Senior Director, Marketing, Epiq John.Lute@epiqglobal.com   John Hartgen Public Affairs Officer, ABI jhartgen@abi.org ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. Point your Web browser to http://TCRresources.bankrupt.com/and use the e-mail address to which your TCR is delivered to login. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA. Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2026. All rights reserved. ISSN: 1520-9474. 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