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260814.mbx T R O U B L E D C O M P A N Y R E P O R T E R Friday, August 14, 2026, Vol. 30, No. 226 Headlines 1251 PACIFIC ST: Seeks Interim Cash Collateral Access 1309 RED RIVER: Taps Group One Sotheby's as Real Estate Broker 1372 FRANKLIN: Case Summary & Nine Unsecured Creditors 1993 GREEN: Seeks to Hire Compass DRE as Real Estate Broker 345 7TH AVENUE: Secured Party Sets Sept. 29 Public Auction 777 PARTNERS: Judge Defers $2.5MM DIP Interim Approval Decision 999 CROSSWINDS: Seeks to Hire Munsch Hardt Kopf as Counsel AA SIMS: Initiates Chapter 11 Bankruptcy in Georgia ABUNDIA GLOBAL: Reports Q2 2026 Net Loss of $3.5 Million ACLIPSE LLC: Files Emergency Bid to Use Cash Collateral ACLIPSE LLC: Seeks to Hire Ford & Semach PA as Bankruptcy Counsel ADIRONDACK STORE: Seeks to Extend Plan Exclusivity to Nov. 23 ADRIENNE & COMPANY: Dennis Perrey Named Subchapter V Trustee ADVANCED TREATMENT: Gets Extension to Access Cash Collateral AEL FAMILY: Case Summary & Two Unsecured Creditors AERKOMM INC: Liabilities Exceed Assets by $2.0M at March 31 AFC ACQUISITION: Court Extends Cash Collateral Access to Dec. 31 AGD LP: Melissa Haselden Named Subchapter V Trustee AIR CANADA: Moody's Affirms 'Ba2' CFR, Outlook Remains Stable ALL CARE: James LaMontagne Named Subchapter V Trustee ALL CARE: U.S. Trustee Appoints Joseph Tomaino as PCO ALLIED DEVCORP: Hires Robin Ward Miller PLLC as Accountant ALTRIA GROUP: Liabilities Exceed Assets by $2.6-Bil. at June 30 AMERICAN AUTOMOTIVE: Unsecureds Will Get 100% of Claims in Plan AMERICAS CARMART: Askeladden Capital No Longer Holds Shares AMERICAS CARMART: Prescott Group Cuts Stake Below 5% ANGEL STUDIOS: Liabilities Exceed Assets by $29.3M at June 30 ANGSTROM ALUMINUM: Case Summary & 20 Largest Unsecured Creditors ANOINTED TOUCH: Claims to be Paid from Ongoing Operations ARCADIA BIOSCIENCES: Falls Below Minimum Bid Price Requirement ARIZA MANAGEMENT: Case Summary & Four Unsecured Creditors ASCENSION TOWING: Hires Diez Dupuy & Ruiz as Accountant ASCENT SOLAR: Jane Street Group Holds 3.6% Equity Stake ASSETS4LIFE LLC: Brian Hofmeister Named Subchapter V Trustee ASTRO GALLERY: Matthew Grimshaw Named Subchapter V Trustee ATLANTIC POOL: Seeks Chapter 11 Bankruptcy after Collection Case ATTY GREG T BAILEY: Case Summary & One Unsecured Creditor ATW HEALTH: Court Extends Cash Collateral Access to Sept. 30 AUTISM CENTERS: Seeks Chapter 11 Bankruptcy with $673K Secured Debt BARTRAM LOGISTICS: Court Extends Cash Collateral Access to Sept. 1 BARTRAM PARK: Case Summary & 14 Unsecured Creditors BLACK LION: Hires Paul Reece Marr PC as Bankruptcy Attorney BLUE STAR: Liabilities Exceed Assets by $3.0-Mil. at June 30 BOATWORKS AT TAHOE: Case Summary & 20 Largest Unsecured Creditors BOOKING HOLDINGS: Debts Exceed Assets by $10.8-Bil. at June 30 BRASS WORKS: Amends ASVRF Secured Claim Pay BRIGHT MOUNTAIN: Centre Lane, 10th Lane Disclose Equity Stakes BRIGHTMARK PLASTICS: Pauses Plastics-to-Fuel Plant After Ch.11 Exit BROOKFIELD PROPERTIES: Republic Plaza Heads Towards Receivership BROWN VILLAGE: Hires Milton D. Jones Esq. as Bankruptcy Counsel CAMEO FABRICATORS: Gets Interim OK to Use Cash Collateral CAMP MYSTIC: Paid Nearly $300K to Eastland Family Members CARDINAL WASTE: Case Summary & 18 Unsecured Creditors CARDINAL WASTE: Gets Interim OK to Use Cash Collateral CAROLINA FITNESS: Hires Finley Group as Financial Advisor CARRIAGE SQUARE: Gets Interim OK to Use Cash Collateral CARTA FINISHING: Mark Shapiro Named Subchapter V Trustee CASEY 281 BROOKHOLLOW: Hires Munsch Hardt Kopf as Counsel CASHCALL INC: Hires Manatt Phelps & Phillips LLP as Counsel CELSIUS NETWORK: New Judge Weighs Customer Clawback Schedule CLEANER GUYS: Hires Cairncross & Hempelmann as Counsel COGENT COMMUNICATIONS: S&P Downgrades ICR to 'B-', Outlook Stable COLLABOW INC: Seeks to Hire Havkin & Shrago as Insolvency Counsel CREATIVE REALITIES: Mink Brook Asset Management Reports 8.9% Stake CRESCENT CO-OP: Taps Campbell Shaffer and Company as Accountant CYTOPHIL INC: Unsecureds to Recover Between 83% to 94% in Plan DAMIS HOLDINGS: Hires AlixPartners LLP as Forensic Consultant DARREN CASEY: Hires Munsch Hardt Kopf as Counsel DIOCESE OF SAN FRANCISCO: Panel Taps Claimant's Representative DIRECT HEIRS: Voluntary Chapter 11 Case Summary DONE-RITE TREE: Case Summary & 12 Unsecured Creditors DONE-RITE TREE: Hires Foley Freeman PLLC as Attorney DOUBLE D SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors DURTY DEVILZ: Case Summary & Nine Unsecured Creditors ELECTROTECHNICS CORP: Taps Salitore Law PLLC as Counsel ESTIATORIO ENT: Stacey Realty Loses Bid to Reopen Bankruptcy Case FAIRWAY AMERICA: Court Extends Cash Collateral Access to Sept. 4 FAIRWAY AMERICA: Seeks to Hire Sussman Shank as Legal Counsel FINAL TOUCH: Hires RHM LAW LLP as General Bankruptcy Counsel FINANCE OF AMERICA: Swings to $28.9 Million Net Loss in Fiscal Q2 FIREFLY NEUROSCIENCE: All Key Proposals Approved at Annual Meeting FIREMAN GROUP: 63-Year-Old Restaurant Chain Seeks Chapter 11 FORD BUSINESS: Case Summary & 20 Largest Unsecured Creditors FORD BUSINESS: Gets Interim OK to Use Cash Collateral FULTON SCG II: Secured Party Sets Aug. 13, 2026 Public Auction G&I HINES: Section 341(a) Meeting of Creditors on September 13 GARTNER INC: Liabilities Exceed Assets by $167.3M at June 30 GIFTIFY INC: Receives Nasdaq Notice Over $1 Bid Price Deficiency GLORIA GATES: Case Summary & 20 Largest Unsecured Creditors GOAL HOLDING: Seeks to Hire Davis Ermis & Roberts as Counsel GUARDANT HEALTH: Debts Exceed Assets by $222.9M at June 30 GW HILLSIDE: Commences Chapter 11 Bankruptcy in Texas HAINES PROPERTIES: Hires Coastal Realty as Real Estate Broker HALL'S GAS SERVICES: Gets Interim OK to Use Cash Collateral HARDCORE CONCRETE: Hires Buersmeyer & Greenwald as Accountant HARLING INC: Court Extends Cash Collateral Access to Sept. 4 HAVANA VENTURES: Hires Jonathan H. Stanwood as Bankruptcy Counsel HEPION PHARMACEUTICALS: Feinstein Group Discloses 11.1% Stake HOLLYWOOD EXCAVATING: Taps Bruner Wright PA as Bankruptcy Counsel HUGHES SATELLITE: Fail to Reach Agreement with 2026 Noteholders HUGHES SATELLITE: Noteholders Seek Appointment of Examiner INCLUSIVE LOGISTICS: Voluntary Chapter 11 Case Summary INDECK NILES: S&P Rates Proposed $600MM Term Loan B 'BB-' INDIVIOR PHARMA: Liabilities Exceed Assets by $208M at June 30 INNOVATE CORP: Agrees to $650M Sale of DBM Global to IES Holdings INNOVATE CORP: Launches Up to $31M At-the-Market Stock Offering INSPIRED HEALTHCARE: 2nd PCO Report Says No Resident Care Complaint INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says INSPIRED HEALTHCARE: PCO Report Says No Decline in Resident Care INVATECH PHARMA: Plan Exclusivity Period Extended to Aug. 25 INVO FERTILITY: Alumni Capital Discloses 9.99% Equity Stake IRIDIUM PROPERTY: Case Summary & Two Unsecured Creditors J. PORTER ENTERPRISES: Case Summary & 20 Top Unsecured Creditors JE LEY EARTHMOVING: Voluntary Chapter 11 Case Summary JOHN FITZGIBBON: No Supply Concerns at TLC Facility, PCO Says JOHN FITZGIBBON: Seeks to Hire Forvis Mazars LLP as Accountant KAREN DILLARD'S: Case Summary & Five Unsecured Creditors KAREN DILLARD'S: Hires Tittle Santiago PLLC as Counsel KATAPULT HOLDINGS: Debts Exceed Assets by $36.0-Mil. at June 30 KEY POINT: Gets OK to Use Cash Collateral KIDNEY SPECIALISTS: Hires Amore Law PLLC as Bankruptcy Counsel KP ENGINEERING: Trust Puts $15M Secured Note Judgment Up for Sale KRASNOFF DOMESTIC: Hires Mandelbaum Barrett PC as Legal Counsel KRCM REALTY: Voluntary Chapter 11 Case Summary KYLE PLUMBING: Section 341(a) Meeting of Creditors on September 3 LAKE EFFECT: Unsecureds to Split $14,800 over 60 Months LEWIS TOWING: Hires West Law Firm of California as Counsel LEXARIA BIOSCIENCE: Appeals Nasdaq Delisting Determination LEXORA INC: Seeks to Extend Plan Exclusivity to Nov. 2 LIFE CONNECTIONS: Gets Interim OK to Use Cash Collateral LIGHTHOUSE COMMUNITY: Unsecureds Will Get 100% over 36 Months LINDBLAD EXPEDITIONS: Debts Exceed Assets by $196M at June 30 LINQTO INC: Sues Forge Global, Schwab to Recover Customer Damages LURIN REAL ESTATE: Taps Cushman & Wakefield as Real Estate Broker LURIN REAL: Affiliate Gets Interim OK to Use Cash Collateral LURIN REAL: Another Affiliate Joins Chapter 11 Filings M & J ELECTRIC: Hires Hamilton Stephens Steele as Counsel MAD FITNESS: F45 Gym Franchisee Seeks Chapter 11 Bankruptcy MADISON ATRINA: To Sell Tempe Property to Daryn Perlman for $525K MAJESTIC DESSERTS: Plan Confirmation Hearing Scheduled for Sept. 10 MAR ENTERPRISES: Unsecureds Will Get 4.81% over 36 Months MARELLI AUTOMOTIVE: Unsecureds be Paid in Full or be Reinstated MARSH TOWN: Richmond Hill Property Sale to Matthew Martson for $1MM MEDICAL PROPERTIES: Agrees to $2.4B Private Refinancing Deal MEDICAL PROPERTIES: S&P Lowers ICR to 'SD' Following Debt Exchange MEGA KYON: Court OKs Continued Use of Cash Collateral MEMA'S CHICK'N': Court Extends Cash Collateral Access to Sept. 8 ML IMPORTS: Case Summary & 20 Largest Unsecured Creditors ML IMPORTS: Hires Schwartz & Company CPA LLC as Accountant ML IMPORTS: Hires Trenk Isabel Siddiqi & Shahdanian PC as Counsel MORRISON HOSPITAL: Seeks to Extend Plan Exclusivity to Aug. 31 MYSTIQUE ESCAPE: Seeks Chapter 11 after Bank Account Garnishment NATGASOLINE LLC: S&P Assigns Prelim 'BB-' Rating on Tax-Exempt Bond NELLIS CAB: Seeks to Extend Plan Exclusivity to Dec. 2 NETCAPITAL INC: Amends Three Convertible Notes w/ Vanquish Funding NETCAPITAL INC: Receives Nasdaq Extension Through Feb. 2027 NEW ENGLAND INVESTMENT: Gets Interim OK to Use Cash Collateral NORTH HOUSTON: Gets Interim OK to Use Cash Collateral NORTHSTAR MULTIFAMILY: Case Summary & 20 Top Unsecured Creditors NS8 INC: Former Execs Owe About $68MM in Suit, Says Judge NUWELLIS INC: Orca Capital Discloses 7.0% Equity Stake NXT ENERGY: Reports Q2 Net Loss of C$2.6M; Warns of Cash Crunch OCUGEN INC: State Street Holds 6.3% Equity Stake OLENOX INDUSTRIES: Dismisses RBSM, Names Urish Popeck as Auditor OMNICARE LLC: To Solicit Ch.11 Plan Votes After DOJ Deal OK'd P3 HEALTH: Swings to $15.7M Profit in Q2; Going Concern Persists PACIFICA OF THE VALLEY: Cash Collateral Access Extended to Aug. 28 PAPA JOHN'S: S&P Lowers ICR to 'B+', Outlook Stable PARAMOUNT ROOFING: Unsecureds Will Get 22.8% over 60 Months PARKWAY CENTER: Hires J. Andrew Braithwaite P.A. as Counsel PCR AGAWAM: Gets Interim OK to Use Cash Collateral Until Sept. 24 PHATHOM PHARMA: Debts Exceed Assets by $344.3M at June 30 PHOENIX CONVERTING: Hires Adelman & Gettleman Ltd. as Counsel PHOENIX CONVERTING: Hires SC&H Group Inc. as Investment Banker PIC ESTATE: Hearing to Approve Asset Sale Scheduled for September 8 PITTSBURGH SOUTHWESTERN: Unsecureds to Get 2% on Quarterly Payments PIVOT ROCK 02: Case Summary & Four Unsecured Creditors PJS CONSTRUCTION: Hires Curran & Company LLP as Accountant PLATINUM RECRUITING: Seeks Subchapter V Bankruptcy in Indiana PMIC PROPERTY: Taps Keller Williams Realty as Real Estate Broker POLARIS VENTURES: Case Summary & Two Unsecured Creditors PRG FLETCHER:S&P Rates 2026A/B Student Housing Revenue Bonds 'BB+' PROTEUS GENOMICS: Voluntary Chapter 11 Case Summary PROTEUS MOLECULAR: Voluntary Chapter 11 Case Summary PROVIDENTIAL LENDING: Trustee Taps Gentry Real Estate as Broker PURDUE PHARMA: Bass Loses Bid for Vacatur of Confirmation Order PURDUE PHARMA: Disallowance of Keith Redwood's $3.28MM Claim Upheld QUALITY FRESCA I: Case Summary & 20 Largest Unsecured Creditors QVC GROUP: Emerges From Bankruptcy with New Capital Structure QVC GROUP: Liabilities Exceed Assets by $3.8-Bil. at June 30 QVC INC: Liabilities Exceed Assets by $645.0M at June 30 RCO HOLDINGS: Hires Bush Law Firm LLC as Bankruptcy Counsel RCO HOLDINGS: Voluntary Chapter 11 Case Summary REDCLOUD HOLDINGS: Liabilities Exceed Assets by $7-Mil. at Dec. 31 RESTORATION MENTAL: Hires Neeleman Law Group PC as Legal Counsel RHP HOTEL: Moody's Assigns Ba3 Rating to New Senior Unsecured Notes RIMINI STREET: Liabilities Exceed Assets by $16.7M at June 30 ROBOT CONSULTING: Debts Exceed Assets by JPY616.6M at March 31 ROCKY MOUNTAIN: All Five Key Proposals Approved at Annual Meeting ROCKY MOUNTAIN: Case Summary & 14 Unsecured Creditors ROCKY MOUNTAIN: Files Emergency Bid to Use Cash Collateral RYMAN HOSPITALITY: S&P Rates New $700MM Senior Unsecured Notes 'BB' S.M.F. GROUP: Case Summary & 50 Largest Unsecured Creditors SABLE OFFSHORE: Resolves Going Concern Doubt After 2026 Refinancing SABLE OFFSHORE: State Street Discloses 5.1% Equity Stake SAPPHIRE EXCHANGE: Cash Collateral Access Extended to Sept. 10 SCOTT ZIMMERMAN: Gets Interim OK to Use Cash Collateral SEAFARER'S LLP: Taps Brian Finnegan to Provide Broker Price Opinion SEASHORE PROPERTIES: Gets Extension to Access Cash Collateral SELIM DAVID MOCHE: Creditor Wins Bid to Dismiss Chapter 11 Case SEVEN C'S: Seeks to Hire Scott N. Tisevich as Counsel SHERRITT INTERNATIONAL: Consortium Confirms CAD$.12 Recap Proposal SHERRITT INTERNATIONAL: Urges Caution on Consortium Recap Proposal SIGNAL NATIONAL: Case Summary & 30 Largest Unsecured Creditors SILVER GULCH: Section 341(a) Meeting of Creditors on September 1 SIMAD HOLDINGS: Committee Hires M3 Advisory as Financial Advisor SIMAD HOLDINGS: Committee Hires Robinson & Cole as Co-Counsel SIRIUS XM: S&P Affirms 'BB+' Rating on Senior Secured Debt SKILLSOFT CORP: S&P Downgrades ICR to 'CCC+', Outlook Negative SLEEP NUMBER: Jane Street Group Cuts Stake Below 5% SMOK CIGAR: Gets Interim OK to Use Cash Collateral SOLIGENIX INC: Q2 Net Loss Narrows to $1.99M; Flags Going Concern SOUTHERN TRACE: Case Summary & 12 Unsecured Creditors SPANISH BROADCASTING: Seeks FCC Nod for Full Foreign Ownership SPHERE 3D: Adopts Shareholder Rights Plan Agreement SPI SOLAR: Commences Chapter 11 Bankruptcy in Delaware SPORTSCAPERS CONSTRUCTION: Wins Interim Cash Collateral Access SSANG 7709: Court Extends Cash Collateral Access to Sept. 11 SUPERNOVA MANAGEMENT: Taps Jones Lang LaSalle as Real Estate Broker T SHOP LLC: Voluntary Chapter 11 Case Summary TC MASS PROPERTIES: Hires Davis Ermis & Roberts as Counsel TEADS HOLDING: Net Loss Widens to $42.5 Million in Fiscal Q2 TEGETHOFF DEVELOPMENT: Cash Collateral Access Extended to Sept. 30 TEISHA & TEISHA: Case Summary & Three Unsecured Creditors TEK PAK: Case Summary & 17 Unsecured Creditors TETRAD ENTERPRISES: Case Summary & Six Unsecured Creditors TETRAD ENTERPRISES: Seeks Second Ch. 11 Bankruptcy TISON INC: Case Summary & 20 Largest Unsecured Creditors TOMCAT MECHANICAL: Hires Financial Relief Law Center as Counsel TONIX PHARMACEUTICALS: Fiscal Q2 Net Loss Widens to $40.6 Million TPC GROUP: Moody's Puts 'B2' CFR Under Review for Upgrade TRANSDIGM GROUP: Liabilities Exceed Assets by $9.8-Bil. at June 27 TRI-BOROUGH HOME: U.S. Trustee Appoints Eric Huebscher as PCO TRINSEO PLC: Chapter 11 Trial Opens Amid Creditor Fight Over LMEs TZADIK BLUE: Case Summary & Eight Unsecured Creditors TZADIK BLUE: Soneet Kapila Named Subchapter V Trustee UNITED PLUMBING: Brian Shapiro Named Subchapter V Trustee UNIVERSAL HEALTH: S&P Alters Outlook to Pos., Affirms 'BB+' ICR UNIVERSAL SAFETY: Increases Authorized Common Shares to 525 Million UNIVERSITY CAMPUS: Case Summary & Three Unsecured Creditors UPCYCLE LLC: Case Summary & Five Unsecured Creditors UPCYCLE LLC: Hires Totaro & Shanahan LLP as Insolvency Counsel USA LAWNS: Case Summary & 20 Largest Unsecured Creditors VALLE DEL SUR: Case Summary & Two Unsecured Creditors VERASTEM INC: Amends Note Purchase Agreement with Oberland Capital VERASTEM INC: State Street Discloses 5.8% Equity Stake VISIONARY SYSTEMS: Hires Davis Ermis & Roberts as Counsel VOLITIONRX LTD: Issues 779,371 Shares to Satisfy Lind Note Payments VOLUNTEER PHARMACY: Gets OK to Use Cash Collateral Until Aug. 20 WAYFAIR INC: Liabilities Exceed Assets by US$2.8-Bil. at June 30 WILDWOOD MEDICAL: Case Summary & 20 Largest Unsecured Creditors WOMBLE CONTRACTING: Case Summary & 30 Largest Unsecured Creditors WORKIVA INC: Liabilities Exceed Assets by $97.1M at June 30 YUNHONG GREEN: Q2 Net Loss Widens to $543K; Going Concern Persists ZD SAND: Seeks $1.3MM DIP Loan From Equify [] 2,000+ Firms Use Credit Rehab Restructuring to Avoid Bankruptcy [] Small Business Bankruptcies in Nevada Rose 30% ********* 1251 PACIFIC ST: Seeks Interim Cash Collateral Access ----------------------------------------------------- 1251 Pacific LLC asks the U.S. Bankruptcy Court for the Eastern District of New York for authority to use cash collateral and provide adequate protection, on an interim basis. The Debtor is a single-asset entity whose sole asset is a 5,523-square-foot, five-story, nine-unit residential walk-up building (eight rent-stabilized units and one fair-market unit) located in Brooklyn, New York. The Debtor originally purchased the real property in December 2019 for $999,000 and subsequently executed multiple refinancings, culminating in an October 2023 loan with Spreo Capital Manager, LLC in the principal amount of $3,240,000. The current holder of the secured claim is Tryon Street Acquisition Trust I. Pre-petition litigation escalated when the lender initiated a foreclosure action in Kings County Supreme Court in October 2024, obtaining a Judgment of Foreclosure and Sale on April 8, 2026. After the lender scheduled a foreclosure sale for June 18, 2026, the Debtor filed a voluntary Chapter 11 petition on June 12, 2026, to halt the sale. The Debtor’s reorganization exit strategy focuses on maximizing property value through a public sale via a liquidating plan. In support of this objective, the Debtor has applied to retain Northgate Real Estate Group as real estate advisor and filed a motion to approve public sale procedures for the property. To maintain ongoing property operations, pay utilities, and satisfy essential tenant-related obligations without suffering immediate operational termination, the Debtor requests interim authority to use cash collateral under 11 U.S.C. sections 105, 361, 362, and 363 according to its proposed operating budget. As adequate protection for the lender against potential collateral value diminution, the Debtor proposes granting replacement liens on post-petition assets to the same extent and priority as existed on the petition date, alongside making monthly cash payments of $7,500 to the lender. A hearing on the matter is set for August 26, 2026, at 11:30 a.m. A copy of the motion is available at https://urlcurt.com/u?l=q5uZZX from PacerMonitor.com. About 1251 Pacific St LLC 1251 Pacific St LLC is a single-asset real estate company that owns a multifamily residential building at 238/240 East 52nd Street in Brooklyn, New York. 1251 Pacific St LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-42901) on June 12, 2026. At the time of the filing, the company had estimated assets of between $1,000,001 and $10 million and liabilities of between $1,000,001 and $10 million. Judge Jil Mazer-Marino oversees the case. Shafferman & Feldman LLP is the company's legal counsel. 1309 RED RIVER: Taps Group One Sotheby's as Real Estate Broker -------------------------------------------------------------- 1309 Red River Development Company LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Texas to hire Group One Sotheby's International Realty as real estate broker. The firm will market and sell the Debtor's property located at 3505 W Crescent Rim Dr. Boise ID 83706. The broker will receive a commission equal to 6 percent. Group One Sotheby's International Realty is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Jill Feeler Sean Hart Group One Sotheby's International Realty 2025 E Riverside Dr Ste. 260 Eagle, ID 83616 Phone: (208) 859-2686 Phone: (208) -340-0926 Email: jilll@jillinidaho.com sean.hart@sothebysrealty.com About 1309 Red River Development Company LLC 1309 Red River Development Company LLC is a real estate leasing company based in Victoria, Texas, specializing in owning and leasing commercial properties, providing spaces for retail and office use. 1309 Red River Development Company LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Tex. Case No. 25-10670) on May 5, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Shad Robinson handles the case. The Debtor is represented by Ronald Smeberg, Esq. at THE SMEBERG LAW FIRM. 1372 FRANKLIN: Case Summary & Nine Unsecured Creditors ------------------------------------------------------ Debtor: 1372 Franklin Avenue Housing Development Fund Corp 1372 Franklin Avenue Bronx, NY 10456 Business Description: 1372 Franklin Avenue Housing Development Fund Corp. is a single-asset real estate company that owns and operates a 48-unit cooperative apartment building at 1372 Franklin Avenue in the Bronx, New York. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court Southern District of New York Case No.: 26-11879 Judge: Hon. Michael E Wiles Debtor's Counsel: Dennis C. O'Donnell, Esq. DLA PIPER LLP (US) 1251 Avenue of the Americas, 27th Floor New York, NY 10020-1104 Tel: (212) 335-4500 E-mail: dennis.odonnell@us.dlapiper.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Faith Campbell Wolfe as president. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WT2G6TY/1372_Franklin_Avenue_Housing_Development__nysbke-26-11879__0001.0.pdf?mcid=tGE4TAMA 1993 GREEN: Seeks to Hire Compass DRE as Real Estate Broker ----------------------------------------------------------- 1993 Green Valley Road, LLC, seeks approval from the U.S. Bankruptcy Court for the Northern District of California to hire Steve Lacy of Compass, DRE as its real estate broker. The broker will market and sell the Debtor's property located at 1993 Green Valley Road, Alamo, CA. Mr. Lacy disclosed in the court filings that he is a disinterested party and holds no interest adverse to the estate. Mr. Lacy can be reached at: Steve Lacy Compass, DRE 760 Camino Ramon Suite 200 Danville, CA 94526 Tel: (925) 915-7561 Email: steve@thelacyteam.com About 1993 Green Valley Road LLC 1993 Green Valley Road LLC is a single-asset real estate entity that owns the property at 1993 Green Valley Road in Alamo, California, valued at $3.25 million. 1993 Green Valley Road LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 25-41404) on Aug. 4, 2025. In its petition, the Debtor reports total assets of $3,250,000 and total liabilities of $2,600,000. The Debtor is represented by Ruth Auerbach, Esq. 345 7TH AVENUE: Secured Party Sets Sept. 29 Public Auction ---------------------------------------------------------- Pursuant to (a) Section 9-610 of the Uniform Commercial Code ("UCC") as in effect in the State of New York and (b) the Pledge and Security Agreement, dated as of January 8, 2025 (as amended, restated, or otherwise modified, the "Security Agreement") made by 345 7th AVENUE REALTY MEZZ LLC, a Delaware limited liability company ("Debtor") to 345 7th MEZZ LENDER LLC, a Delaware limited liability company (together with its successors and assigns, "Secured Party"), the Secured Party will offer for sale at public sale (the "Auction") all right, title, and interest of the Debtor in and to the following collateral (the "Subject Collateral"): (i) one hundred percent (100%) of the membership interests in 345 7th AVENUE REALTY OWNER LLC, a Delaware limited liability company, and (ii) all proceeds (as defined in the UCC) of the foregoing. The Subject Collateral is security for the Debtor's obligations under the Mezzanine Loan Agreement, dated as of January 8, 2025 (as amended, supplemented or otherwise modified, the "Loan Agreement"), among Debtor and the Secured Party. TERMS AND CONDITIONS OF THE AUCTION: The Subject Collateral is being sold as described above on an "AS IS, WHERE IS, WITH ALL FAULTS" basis pursuant to the following terms and conditions: 1. Parties interested in bidding at the Auction may, subject to executing confidentiality agreements and meeting the bidder qualifications set forth in the bidding procedures (the "Bidding Procedures"), which can be obtained by contacting Newmark as provided below, obtain additional information concerning the Subject Collateral by contacting Newmark. The Bidding Procedures provide additional information about the bidding process, including bidder qualifications, Auction participation and determination of the winning bid. 2. The Auction will be held on Tuesday, September 29, 2026, at 11:00 a.m. EDT in-person at 60 Centre Street, New York, New York 10007, and virtually via a web-based video conferencing and/or telephonic conferencing program selected by the Newmark, access to which will be made available to qualified bidders. 3. The Subject Collateral will be sold on an "AS-IS, WHERE IS, WITH ALL FAULTS" basis, without recourse, and without and express or implied representations or warranties whatsoever including, without limitation, as to the condition of title, value, or quality of the Subject Collateral, or without regard to assets, liabilities, financial condition, or earnings of Debtor or any of their affiliates. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, ALL WARRANTIES, WHETHER OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR OTHERWISE, ARE EXPRESSLY DISCLAIMED. The sale of the Subject Collateral is specifically subject to all taxes, liens (other than those of the Secured Party), claims, assessments, liabilities and encumbrances, if any, that may exist against the Subject Collateral under the UCC or other applicable law. The Secured Party makes no representations or warranties and provides no assurances as to any Subject Collateral. Prospective bidders should perform their own diligence as to the Subject Collateral. 4. The Secured Party reserves the right to determine which bidders qualify for participation in the Auction, reject any bid or all bids at the Auction, to announce such other terms at the Auction as may be commercially reasonable in the Secured Party's discretion or to accept non-conforming bids. Further, the Secured Party reserves the right to cancel, postpone, or adjourn the Auction by announcement made at the Auction, either before or after the commencement of bidding, without written notice or further publication. The Secured Party reserves the right to credit bid any portion of its secured indebtedness then outstanding under the Loan Agreement at the Auction. The Secured Party reserves the right to implement such other terms or conditions at the Auction or regarding the Auction procedures as the Secured Party, in its sole discretion, determines to be commercially reasonable under the circumstances. All inquiries concerning this Notice of Public Sale and the terms and conditions of the sale (including requirements to be a "qualified bidder") should be made to: Brock Cannon, brock.cannon@nmrk.com, 646-315-4785, and Kezia Belfield, kezia.belfield@nmrk.com, 214-674-7610. Any person making any inquiry or request must: (i) disclose the person or entity on whose behalf such information is being sought, (ii) execute the confidentiality agreement, which will be provided upon request, and (iii) maintain the confidentiality of the information provided in accordance with the confidentiality agreement. 777 PARTNERS: Judge Defers $2.5MM DIP Interim Approval Decision --------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that a Texas bankruptcy judge Tuesday held off on approving a $2.5 million debtor-in-possession loan sought by 777 Partners and 600 Partners, directing the investment firms and their creditors to negotiate for two more days. The ruling came as the court considered whether the proposed financing should receive interim approval in the companies' Chapter 11 cases. The DIP financing is designed to provide working capital while the debtors remain under bankruptcy protection. But disagreements between the companies and creditor groups over the proposed terms led the judge to postpone a decision. The parties now have a short window to address the objections and potentially reach a mutually acceptable funding arrangement, the report relays. The judge's decision does not reject the financing request, but instead gives the parties another opportunity to settle their differences before returning to court. The negotiations could be critical because access to DIP financing generally provides a Chapter 11 debtor with the liquidity needed to operate and pursue a restructuring while the case is pending, according to Law360. About 777 Partners Inc. 777 Partners Inc. -- https://www.777part.com/ -- is an American private investment company based in Miami. 777 Partners Inc. and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-90193) on August 9, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities over $1 billion. Honorable Bankruptcy Judge Edward L. Morris handles the case. The Debtor is represented by Amber Michelle Carson, Esq. of Dal/Hou/Wac. 999 CROSSWINDS: Seeks to Hire Munsch Hardt Kopf as Counsel ---------------------------------------------------------- 999 Crosswinds LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Munsch Hardt Kopf & Harr, P.C. as counsel. The firm will provide these services: a. serve as attorneys of record for the Debtor and to provide representation and legal advice with respect to the Debtor's powers and duties as debtor in possession in the continued operation of the Debtor's business; b. assist the Debtor in carrying out its duties under the Bankruptcy Code, including advising the Debtor of such duties, its obligations, and its legal rights; c. take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections, as necessary, to relief sought and claims filed against the Debtor's estate; d. consult with the United States Trustee, any statutory committee that may be formed, and all other creditors and parties in interest concerning administration of this Bankruptcy Case; e. assist in potential sales of the Debtor's assets; f. prepare on behalf of the Debtor all motions, applications, answers, orders, reports, and other legal papers and documents to further the Debtor's estate's interests and objections, to assist the Debtor in preparation of schedules, statements, and reports, and to represent the Debtor and its estate at all related hearings and at all related meetings of creditors, United States Trustee interviews, and the like; g. assist the Debtor in connection with preparing and refining its chapter 11 plan and disclosure statement, and/or all related agreements and documents necessary to facilitate an exit from this Bankruptcy Case, take appropriate action on behalf of the Debtor to obtain confirmation of such plan, and take such further actions as may be required in connection with the implementation of such plan; h. assist the Debtor in analyzing and appropriately treating the claims of creditors, including objecting to claims and trying claim objections; i. appear before this Court and any appellate courts or other courts having jurisdiction over any matter associated with this Bankruptcy Case; and j. perform all other legal services and provide all other legal advice to the Debtor as may be required or deemed to be in the interest of its estate in accordance with the Debtor's rights and duties as set forth in the Bankruptcy Code. The firm will be paid at these hourly rates: Davor Rukavina, Shareholder $900 Garrick Smith, Shareholder $640 Jonathan Petree, Associate $520 Kyle Jaksa, Associate $510 Heather Valentine, Paralegal $250 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Smith disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Davor Rukavina, Esq. Garrick C. Smith, Esq. Jonathan S. Petree, Esq. Munsch Hardt Kopf & Harr, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201-6659 Telephone: (214) 855-7500 E-mail: drukavina@munsch.com gsmith@munsch.com jpetree@munsch.com About 999 Crosswinds LLC 999 Crosswinds LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 26-42976) on July 6, 2026, disclosing under $1 million in both assets and liabilities. The Debtor is represented by MUNSCH HARDT KOPF & HARR, P.C. AA SIMS: Initiates Chapter 11 Bankruptcy in Georgia --------------------------------------------------- On July 31, 2026, AA Sims Group LLC filed for Chapter 11 protection in the Northern District of Georgia. According to court filings, the Debtor reports between $500,000 and $1 million in debt owed to 1-49 creditors. A meeting of creditors under Section 341(a) to be held on August 26, 2026 at 11:00 AM via Telephone conference. To attend, Dial 888-330-1716 and enter access code 6397709. Debtor’s Chapter 11 Plan and Disclosure Statement must be filed by November 30, 2026. About AA Sims Group LLC AA Sims Group LLC is an Atlanta, Georgia-based real estate company engaged in the ownership and management of residential buildings and dwellings. The company operates as a single-asset real estate business focused on managing a residential property in the Atlanta area. AA Sims Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-60079) on July 31, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $500,000 to $1 million. The company previously sought bankruptcy protection in early 2025. ABUNDIA GLOBAL: Reports Q2 2026 Net Loss of $3.5 Million -------------------------------------------------------- Abundia Global Impact Group, 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, reporting a net loss of $3,509,412 for the three months ended June 30, 2026, compared to a net loss of $1,945,338 for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net loss of $9,067,942, compared to a net loss of $2,953,579 for the same period in the prior year. Results of Operations The following discussion compares the Company's results of operations for the three and six months ended June 30, 2026 and 2025. Revenue – Oil and Gas. The Oil and Gas segment generates revenue from oil and gas operations, whereas Renewables is in the pre-revenue stage, primarily incurring research and development and start-up costs associated with its development of scalable technologies for converting plastic and biomass waste into renewable fuels and chemicals. Total revenue from the oil and gas segment was $143,031 for the three months ended June 30, 2026, and $275,996 for the six months ended June 30, 2026. Revenue – RPD. The RPD segment generates revenue from engineering and process development services primarily in the energy, refining, petrochemical, and renewable fuel industries. The revenue from the RPD segment increased by $1,329,110 during the three months ended June 30, 2026, compared to the three months ended June 30, 2025. The revenue from the RPD segment increased by $2,540,857 during the six months ended June 30, 2026, compared to the six months ended June 30, 2025. The increase was primarily driven by the successful relocation of the Company's facility. During 2025, the Company was in the process of relocating operations and, as a result, was operating at a limited capacity. Following the completion of the relocation, the business returned to normal operating capacity, resulting in higher revenue levels. The year-over-year increase is also impacted by the timing of the common control transaction. The statement of operations for the six months ended June 30, 2025, includes only three months of operating activity, which further contributes to the variance when compared to the six months ended June 30, 2026. Cost of Revenue and Gross Margin. Cost of revenue increased by $434,258 during the three months ended June 30, 2026 compared to the three months ended June 30, 2025 and by $1,100,748 during the six months ended June 30, 2026 compared to the six months ended June 30, 2025. The increase was primarily driven by the relocation of the Company's facility. During 2025, the Company was in the process of relocating operations and, as a result, was operating at a limited capacity. Following the completion of the relocation, the business returned to normal operating capacity, resulting in higher revenue levels and related costs. The year-over-year increase is also impacted by the timing of the common control transaction. The statement of operations for the six months ended June 30, 2025, includes only three months of operating activity, which further contributes to the variance when compared to the six months ended June 30, 2026. General and Administrative Expenses. General and administrative expense increased to $3,526,135 during the three months ended June 30, 2026, from $1,351,457 during the three months ended June 30, 2025. The change in general and administrative expense was attributable to increased accounting and compliance costs associated with being a public company and the RPD acquisition as well as increased spend on investor relations and legal costs. General and administrative expenses increased to $8,937,870 during the six months ended June 30, 2026 from $2,350,296 during the six months ended June 30, 2025. The change in general and administrative expenses was attributable to increased compliance costs associated with being a public company as well as increased spending on investor relations and legal costs. Additionally, the Company incurred approximately $500,000 in costs during the first and second quarter of 2026 related to the relocation of the RPD site for incremental storage, disposals and assembly fees. Other Income (Expense). Other income/expense, net, totaled ($139,668) and ($230,606) during the three and six months ended June 30, 2026, respectively, compared to ($24,962) and ($568,611) during the three and six months ended June 30, 2025. The change in other income/expense is primarily related to the end of the grant and the related income in 2025 with no similar income receivable in 2026. Financial Condition Liquidity and Capital Resources At June 30, 2026, the Company had a cash balance of $11,179,920 and working capital of ($8,088,583), compared to a cash balance of $4,618,621 and working capital of ($1,043,785) at Dec. 31, 2025. This increase in cash was primarily due to the registered direct offering of shares of Common Stock to support working capital. The decline in working capital is driven by current debt coming due within the next year. The Renewables segment of the Company is pre-revenue and will not generate revenue from product sales unless and until the Company successfully constructs and commissions the plastics recycling facility. In addition, the Company will likely incur significant expenses related to engineering and design services, product sales, marketing, and distribution activities. Going Concern The Company has evaluated whether the acquisition of RPD impacts the Company's conclusion that there is substantial doubt about the Company's ability to continue as a going concern. The Company has concluded RPD's operating cashflows would not be sufficient to fund the capital expenditures and working capital requirements necessary to sustain and grow the overall business, and therefore, the RPD acquisition has not impacted such conclusions. As a result, the Company will need substantial additional funding to support its continuing operations and pursue its growth strategy. Until the Company can generate significant revenue from product sales, if ever, the Company expects to finance its operations through a combination of public or private equity offerings and debt financings and other sources, such as potential collaboration agreements, strategic alliances, and product pre-sales. The Company may be unable to raise additional funds or enter into such other agreements or arrangements when needed on acceptable terms, or at all. The Company's failure to raise capital or enter into such agreements as and when needed could have a material adverse effect on its business, results of operations, and financial condition. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on the Company's operations, in the case of debt financing, or cause substantial dilution for its stockholders, in case of equity financing. Cash Flows Operating activities used cash of $2,299,926 during the six months ended June 30, 2026, compared to $2,241,502 used during the six months ended June 30, 2025. The change in cash flows from operating activities was primarily attributable to the increased activities of the combined business, including compliance costs, professional fees and increased staff costs. Investing Investing activities used cash of $8,368,859 during the six months ended June 30, 2026, compared to $296,658 used during the six months ended June 30, 2025. The change in cash used for investing activities was primarily attributable to the construction in progress at the Cedar Port Property, further investment in technology licenses and the acquisition of RPD. Financing Financing activities raised cash of $17,059,097 during the six months ended June 30, 2026, compared to $2,106,375 raised during the six months ended June 30, 2025. The change in cash received from financing activities was primarily attributable to the registered direct offering in Feb. 2026. Long-Term Liabilities At June 30, 2026, the Company had long-term liabilities of $172,248 compared to $6,439,464 at Dec. 31, 2025. This reflects the AGIG Convertible Note, which matures on Jan. 1, 2027; this means it is now due in less than one year and recorded as a short-term liability. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/33utjzwv. About Abundia Global Impact Group, Inc. Abundia Global Impact Group, Inc. (NYSE: AGIG), formerly Houston American Energy Corp., is a low-carbon energy Company focused on converting waste into value. Headquartered in Houston, Texas, the Company is developing commercial-scale facilities that transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks. Its flagship project at Cedar Port positions Abundia at the center of the Gulf Coast's energy and chemical infrastructure, with access to feedstock supply chains, upgrading partners, and end markets. Philadelphia, Pennsylvania-based GRANT THORNTON LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 12, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company has a significant working capital deficiency, has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2026, the Company had $48,526,161 in total assets, $20,076,681 in total liabilities, and $28,449,480 in total stockholders' equity. ACLIPSE LLC: Files Emergency Bid to Use Cash Collateral ------------------------------------------------------- Aclipse LLC asks the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, for authority to use cash collateral and provide adequate-protection. The Debtor requires immediate access to its cash, accounts receivable, and operational revenue to fund necessary operating expenses, fulfill payments to owner/operators, and pay administrative costs. The Debtor highlights that without emergency authorization to utilize cash collateral, its estate faces immediate and irreparable harm that would undermine business continuity and reduce the overall going-concern value of its assets. The Debtor identifies Fifth Third Bank as a potential secured creditor claiming a blanket lien on cash, inventory, and accounts receivable based on a UCC-1 statement filed on August 17, 2021, securing an asserted claim of $275,919. The Debtor estimates that Fifth Third Bank's interest is encumbered by approximately $143,000 in total collateral—comprising $23,000 in bank accounts and $120,000 in accounts receivable—while explicitly reserving the right to challenge the validity, priority, and extent of the bank's liens. To satisfy statutory adequate protection requirements for the use of these encumbered assets, the Debtor offers Fifth Third Bank post-petition replacement liens on post-petition assets to the same extent, validity, and priority as its prepetition liens, inspection rights upon 48 hours' notice, and access to ordinary-course monthly financial reports and requested operational records. The Debtor also requests emergency entry of an interim order approving its proposed budget with a permitted variance of 10% for individual line items or 10% in the aggregate. Furthermore, the Debtor requests that the Court schedule a final hearing to grant full authorization for the continued use of cash collateral throughout the duration of its Chapter 11 reorganization. A court hearing is scheduled for August 19. A copy of the motion is available at https://urlcurt.com/u?l=7LpQNA from PacerMonitor.com. About Aclipse LLC Aclipse LLC dba Aclipse, Premium Tents & Events sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 6:26-bk-06078-LVV) on August 7, 2026. In the petition signed by James Ronald Stillwell Jr., managing member, the Debtor disclosed up to $500,000 in both assets and liabilities. Judge Lori V. Vaughan oversees the case. Buddy D. Ford, Esq, at Ford & Semach, P.A., represents the Debtor as legal counsel. ACLIPSE LLC: Seeks to Hire Ford & Semach PA as Bankruptcy Counsel ----------------------------------------------------------------- Aclipse LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to hire Ford & Semach, P.A. as its bankruptcy counsel. The firm's services include: a. analyzing the Debtor's financial situation, and rendering advice and assistance to the Debtor in determining whether to file a petition under Title 11, United States Code; b. advising the Debtor with regard to the powers and duties of the debtor and as Debtor-in-Possession in the continued operation of the business and management of the property of the estate; c. preparing and filing of the petition, schedules of assets and liabilities, statement of affairs, and other documents required by the Court; d. representing the Debtor at the Sec. 341 Creditors' meeting; e. providing legal advice to the Debtor with respect to its powers and duties as Debtor and as Debtor-in Possession in the continued operation of its business and management of its property; if appropriate; f. advising the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of the court; g. preparing necessary motions, pleadings, applications, answers, orders, complaints, and other legal papers and appear at hearings thereon; h. protecting the interests of the Debtor in all matters pending before the court; i. representing the Debtor in negotiation with its creditors in the preparation of the Chapter 11 Plan; and j. all other legal services for Debtor as Debtor-in-Possession which may be necessary. The firm's counsel and paralegal will be paid at these hourly rates: Buddy Ford, Attorney $550 Jonathan Semach, Attorney $500 Other Staff Attorney $350 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the commencement of the case, the Debtor paid $28,000 as retainer. Mr. Ford 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: Buddy D. Ford, Esq. Ford & Semach, PA 9301 West Hillsborough Avenue Tampa, FL 33615 Telephone: (813) 877-4669 Email: Buddy@tampaesq.com About Aclipse LLC Aclipse LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-06078) on August 7, 2026, listing $100,001 to $500,000 in both assets and liabilities. Buddy D Ford, Esq. at Ford & Semach, P.A. serves as the Debtor's counsel. ADIRONDACK STORE: Seeks to Extend Plan Exclusivity to Nov. 23 ------------------------------------------------------------- Adirondack Store & Gallery, Inc., asked the U.S. Bankruptcy Court for the Northern District of New York to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Nov. 23, 2026 and Jan. 22, 2027, respectively. This is the Debtor's first request for extension of the Exclusivity Period and Solicitation Period. The Debtor explains that its progress to date in the Chapter 11 Case justifies the requested extension of the Debtor's exclusive periods. The sale of the affiliate real property, and negotiations with potential investors has made notable progress at this stage of the Chapter 11 Case toward resolving matters that are critical to the eventual formulation of a chapter 11 plan. In addition, the Debtor has been paying its post-petition debts when due in the ordinary course of business and is just starting to enter into its business season. Moreover, this Chapter 11 case, started as an involuntary petition, accordingly the Debtor did not have the opportunity to plan for its entry into Chapter 11 and was required to immediately dive into the financial information, budgets and first day motions required of a Chapter 11 debtor in possession. The Debtor claims that this Chapter 11 case is still in its infancy, the Debtor respectfully asserts that it must be given the opportunity to continue the work it has already commenced to formulate a confirmable chapter 11 plan. The Debtor seeks to work with the Committee and other parties in interest to resolve issues that must precede the development of any chapter 11 plan. Of critical importance are those issues concerning the sale of the real property owned by the Debtor's affiliate. Additionally, with the recent passage of the bar date, the Debtor will be better able to accurately evaluate the universe of claims against it. Until further progress is made with respect to these matters, the Debtor will be unable to finalize a chapter 11 plan or prepare a disclosure statement containing adequate information. The Debtor asserts that there can be no inference in this case that it is seeking extensions of its Exclusivity Periods as a negotiating tactic or as a means of maintaining leverage over any group of creditors whose interests may be harmed by such an extension. Upon information and belief, the Committee has retained counsel however, the Committee counsel has not yet filed its retention application. The Debtor further asserts that it is in the best position to continue the efforts it has commenced already, leading negotiations, discussions and litigation (to the extent necessary) among parties in interest in this case aimed at formulating a confirmable chapter 11 plan. Allowing the Debtor's Exclusivity Periods to terminate at this premature point would defeat one of the primary purposes of section 1121 of the Bankruptcy Code, which is the development of a consensual chapter 11 plan. Adirondack Store & Gallery Inc. is represented by: GOETZ PLATZER LLP Clifford A. Katz, Esq. Scott D. Simon, Esq. 1325 Avenue of the Americas, 14th Fl. New York, NY 10019 Tel: (212) 695-8100 About Adirondack Store & Gallery Inc. Adirondack Store & Gallery, Inc. operates two long-established retail stores in Lake Placid and Tupper Lake, specializing in home furnishings, gifts, and Adirondack-style furniture. On March 18, 2026, creditors Geoffrey Robillard, Jean Hoffman, Richard Rodzinski, Danielle Ostiguy, and James Dodd filed an involuntary Chapter 7 petition (Bankr. N.D. N.Y. Case No. 26-10275) on March 18, 2026. The case was converted to a Chapter 11 case on April 27, 2026. Judge Patrick G. Radel oversees the case. Robert F. Franciscovich, Esq., at Arnold & Porter Kay School, represents the Debtor as legal counsel. ADRIENNE & COMPANY: Dennis Perrey Named Subchapter V Trustee ------------------------------------------------------------ The Acting U.S. Trustee for Region 10 appointed Dennis Perrey as Subchapter V trustee for Adrienne & Company Inc. Mr. Perrey declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Dennis Perrey P.O. Box 541 Chandler, IN 47610 (812) 630-5823 Email: dennis.perrey@yahoo.com About Named Adrienne & Company Inc. Adrienne & Company Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-90871) on August 4, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. James F. Guilfoyle, Esq. at Hutson Guilfoyle LLP represents the Debtor as legal counsel. ADVANCED TREATMENT: Gets Extension to Access Cash Collateral ------------------------------------------------------------ Advanced Treatment Technologies, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of North Carolina to use cash collateral. Under the court order, the Debtor is authorized to use cash collateral from the petition date through the date of the next scheduled hearing, solely for ordinary and necessary business expenses listed in the approved budget. The Debtor may exceed individual budget line items by up to 10% cumulatively, but Costs of Goods Sold are limited to items necessary to maintain operations. The Debtor must limit cost-of-goods-sold expenditures to items necessary to maintain operations during the interim period. As adequate protection, the IRS and certain merchant cash advance creditors (MCAs), identified collectively with other parties asserting interests as "secured creditors," receive liens on specified post-petition accounts receivable and payment intangibles to the extent their prepetition collateral value is diminished. The liens generally maintain the same validity and priority as their prepetition interests, but the MCAs are not granted blanket liens over all post-petition receivables. The order expressly preserves the parties' rights to challenge the validity, priority, perfection, or characterization of the asserted liens. The court also required the Debtor to provide Secured Creditors with copies of its monthly operating reports promptly after filing and reasonable access to its books and records upon written request. The Debtor is prohibited from using or transferring cash collateral except as expressly authorized by the order. Future proposed budgets must be itemized and identify, at minimum, the parts and costs of parts needed for projected projects. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/Fgi1u from PacerMonitor.com. The next hearing is scheduled for September 3. The court set August 28 as the deadline for objections to the Debtor's continued use of cash collateral. About Advanced Treatment Technologies Inc. Advanced Treatment Technologies, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. N.C. Case No. 26-10392) on May 22, 2026, with up to $500,000 in assets and up to $10 million in liabilities. Charles R. Hayes, president of Advanced Treatment Technologies, signed the petition. Judge Lena M. James oversees the case. Clint Morse, Esq., at Brooks, Pierce, McLendon, Humphrey & Leonard, LLP, represents the Debtor as legal counsel. AEL FAMILY: Case Summary & Two Unsecured Creditors -------------------------------------------------- Debtor: AEL Family Properties LLC 2754 Sadlers Creek Road Chula Vista, CA 91914 Business Description: AEL Family Properties LLC is a Chula Vista, California-based real estate holding company that owns residential properties, including a townhome and a single-family residence. Chapter 11 Petition Date: August 8, 2026 Court: United States Bankruptcy Court Southern District of California Case No.: 26-03496 Judge: Hon. Christopher B Latham Debtor's Counsel: Joanne P. Sanchez, Esq. SANCHEZ & BALTAZAR ATTORNEYS, P.C. 1140 S. Tremont Street, Suite 105 Oceanside, CA 92054 Tel: (760) 302-4652 E-mail: joanne@sanchezbaltazar.com Total Assets: $1,935,000 Total Liabilities: $1,319,792 The petition was signed by Eduardo Gonzalo Flores Frias as manager. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3LKBIAI/AEL_FAMILY_PROPERTIES_LLC__casbke-26-03496__0001.0.pdf?mcid=tGE4TAMA AERKOMM INC: Liabilities Exceed Assets by $2.0M at March 31 ----------------------------------------------------------- Aerkomm Inc.'s stockholder's deficit was US$2.0 million at March 31, 2026. The stockholder's deficit was US$7.3 million at Dec. 31, 2025. At March 31, 2026, the Company had total assets of US$86.2 million and total liabilities of US$88.2 million. At Dec. 31, 2025, the Company had total assets of US$70.0 million and total liabilities of US$77.3 million. The Company said its accompanying unaudited condensed financial statements have been prepared on a going-concern basis, and Aerkomm's ability to remain solvent and meet its obligations as they come due depends on raising additional capital in the form of permanent equity and successfully listing its common stock on a national exchange such as the Nasdaq Capital Market to encourage conversion of existing convertible debt and notes into tradable common stock. Because its primary operations remain focused on research and development of aerospace communication equipment that is still in testing, the Company did not generate any sales in the first quarter of 2026, although management believes it has made significant progress toward obtaining approvals from the U.S. Federal Aviation Administration ("FAA") and other regulators, while acknowledging that success is not assured. The Company noted that its management monitors cash, operating needs and capital commitments closely, and notes that as of March 31, 2026, working capital and accumulated deficits, coupled with the lack of recurring revenue, raise substantial doubt about Aerkomm's ability to continue as a going concern within one year after issuance of the financial statements. To address these conditions, two existing shareholders have committed to provide bridge loan facilities secured by land in Taiwan, and the Company is pursuing a planned merger with IX Acquisition Corp. ("IXAQ") that includes private investment in public equity ("PIPE") investment commitments, additional targeted capital raises with the assistance of Benchmark Company LLC, and the expected conversion of outstanding convertible notes and Simple Agreement for Future Equities ("SAFEs") into equity upon closing. Aerkomm believes that, assuming successful execution of these financing plans and the consummation of the merger, it will have sufficient liquidity to fund operations for at least the next twelve months; however, if the merger does not close and contingent PIPE commitments are not funded, the Company expects to rely on short-term borrowings, remaining loan commitments, potential renegotiation with existing investors, tighter cost controls and revenue from an anticipated ramp-up in commercial sales, and management has concluded that substantial doubt about its ability to continue as a going concern remains. A full-text copy of the Form 10-Q is available at https://tinyurl.com/2s3cujdv About Aerkomm Inc. Aerkomm Inc. is a development-stage company focused on providing in-flight connectivity and entertainment solutions, including broadband communications equipment for the aerospace industry. The Company is working to secure regulatory approvals and commercial partnerships to deploy its systems on aircraft and generate recurring revenue from connectivity services. AFC ACQUISITION: Court Extends Cash Collateral Access to Dec. 31 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Mexico issued a second interim order authorizing AFC Acquisition Corporation to use cash collateral through December 31. The Debtor is authorized to use cash collateral according to the approved budget for ordinary and necessary business expenses and administrative costs, with spending generally limited to 110% of each budget line item unless otherwise ordered. The Debtor may also pay court-approved professionals and certain utility deposits, subject to applicable requirements. The Debtor's primary cash collateral creditors are the U.S. Small Business Administration, which is owed about $1.91 million under an Economic Injury Disaster Loan, and BOKF, N.A., doing business as Bank of Albuquerque, which is owed about $120,000 and holds security interests in the Debtor's bank accounts. As adequate protection, the Debtor must continue monthly payments of $9,580 to the SBA and $1,515.79 to BOKF. BOKF's loan remains secured by a mortgage on real property owned by a non-debtor entity, reportedly worth more than $400,000. Both creditors also received replacement liens on post-petition collateral of the same type securing their prepetition claims, with those liens deemed valid, perfected, and effective as of the petition date. The order required the Debtor to file monthly operating reports, maintain detailed financial records, preserve collateral, and remain current on all post-petition taxes. The Debtor's authority to use cash collateral will terminate on December 31 or earlier upon case conversion, dismissal, trustee appointment, or an uncured default under the order's adequate protection requirements. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/2Hpfq from PacerMonitor.com. About AFC Acquisition Corporation, a Delaware Corporation AFC Acquisition Corporation, a Delaware Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.M. Case No. 26-10283) with $1 million to $10 million in both assets and liabilities. The petition was signed by Kenton Van Harten as CEO. Judge Hon. Robert H Jacobvitz oversees the case. The Debtor is represented by: Christopher M Gatton Gatton & Associates, P.C. Tel: 505-271-1053 Email: chris@gattonlaw.com AGD LP: Melissa Haselden Named Subchapter V Trustee --------------------------------------------------- The U.S. Trustee for Region 7 appointed Melissa Haselden, Esq., at Haselden Farrow, PLLC as Subchapter V trustee for AGD, L.P. Ms. Haselden will be paid an hourly fee of $625 for her services as Subchapter V trustee, an hourly fee of $195 for support staff working under her direct supervision, and will be reimbursed for work related expenses incurred. Ms. Haselden declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Melissa A. Haselden, Esq. Haselden Farrow, PLLC 700 Milam, Suite 1300 Pennzoil Place Houston, TX 77002 Telephone: (832) 819-1149 Facsimile: (866) 405-6038 mhaselden@haseldenfarrow.com About AGD L.P. AGD, L.P. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-70239) on August 3, 2026, with $1,000,001 to $10 million in assets and liabilities. Shelby A. Jordan, Esq. at Jordan & Ortiz, PC represents the Debtor as legal counsel. AIR CANADA: Moody's Affirms 'Ba2' CFR, Outlook Remains Stable ------------------------------------------------------------- Moody's Ratings has affirmed Air Canada's Ba2 corporate family rating, Ba2-PD probability of default rating, Ba1 senior secured notes rating, and Ba1 senior secured term loan rating. The company's speculative grade liquidity rating (SGL) remains unchanged at SGL-1. The rating affirmation follows Moody's review of Air Canada's sale of a 25% minority equity interest in Aeroplan to funds managed by Blackstone Inc. (Blackstone) for gross proceeds of approximately C$2.5 billion. Air Canada will retain a 75% ownership interest in Aeroplan and continue to control and consolidate the business. At the same time, Moody's have affirmed the A1 and Baa2 Enhanced Equipment Trust (Foreign Currency) ratings for Air Canada Series 2015-2 Pass Through Trusts and the Aa2 and A2 Enhanced Equipment Trust (Foreign Currency) ratings for Air Canada Series 2017-1 Pass Through Trusts. The rating outlooks for Air Canada, Air Canada Series 2015-2 Pass Through Trusts and Air Canada Series 2017-1 Pass Through Trusts remain stable. Moody's views the transaction as having both debt-like and equity-like features, but overall Moody's considers it largely equity-like and will not make a debt adjustment in calculating financial ratios. Several equity-like considerations support this assessment. Aeroplan generates substantial revenue from third-party partners rather than primarily from Air Canada; the transaction does not include a mandatory redemption feature or put right; and Blackstone remains exposed to Aeroplan's operating performance and cash flow generation. While Aeroplan has relatively stable cash flows, Moody's do not view it as critical to Air Canada's operations. Conversely, Blackstone's distributions are pro-rata, in line with their ownership percentage, using the company's forward-looking projection, however should Aeroplan be subject to adverse cashflow outcomes, Blackstone could have a higher proportion of the distributions which Moody's views as a debt like feature. In addition, there is a call option designed to provide a 6.5% unlevered pre-tax IRR. Accordingly, Moody's would recognize the debt reduction resulting from the transaction while adjusting EBITDA to reflect Blackstone's economic entitlement to Aeroplan distributions. This treatment acknowledges that a portion of Aeroplan's future earnings and cash flow has effectively been sold, even though control and majority ownership remain with Air Canada. The rating affirmation reflects Moody's views that the proposed transaction does not materially alter Air Canada's overall credit profile. Air Canada will use about C$1.7 billion of the proceeds to reduce debt, strengthening the company's balance sheet and liquidity profile. However, Moody's views the transaction as credit negative because distributions to Blackstone will reduce Air Canada's cash flow over the long term relative to if the transaction was not completed and this long-term loss of cash flow could exceed the benefits from the planned debt reduction, particularly given management's intention to allocate about one-third of the proceeds toward shareholder returns. RATINGS RATIONALE Air Canada's ratings benefit from a leading position in the Canadian air travel market, Moody's expectations that adjusted debt/EBITDA will remain in the mid 3x range, very good liquidity and financial flexibility with a meaningful number of unencumbered aircraft and a valuable loyalty program (Aeroplan). Longer-term, the continued fleet transformation will improve the company's efficiency and allow it to preserve its cost profile. The company's ratings are constrained by cost inflation including labor and demand related expenses, exposure to volatile fuel prices which currently are elevated and placing pressure on margins and free cash flow, and potential for increased competition in markets where Air Canada operates. Air Canada will have very good liquidity through December 2027. The company's sources include cash and short-term investments of about CAD6.7 billion in March 2026, proceeds of CAD2.5 billion from the Aeroplan transaction, CAD2 billion in planned sale-leasebacks, and a fully available $975 million credit facility that expires in January 2029. These sources will be more than sufficient to fund approximately CAD3.2 billion of debt and lease repayments through to the end of 2027 (including the $1.2 billion senior secured notes due August 2026), and Moody's expectations of about CAD2 billion of negative free cash flow (does not include potential sale-leaseback transactions) in the same period. Moody's expects compliance with Air Canada's two financial covenants (minimum cash reserves and minimum collateral coverage ratio) over the next 12 months. Possible additional liquidity could be provided by Air Canada's unencumbered asset pool (excluding the value of Aeroplan and Air Canada Vacations) which exceeds CAD5 billion. Air Canada's Ba1 rated debt obligations are secured on a first priority liens basis (comprised of the company's international routes, slots, and gates leaseholds) and are rated one notch above the company's Ba2 CFR. The company's unsecured obligations, provide loss absorption cushion to the first lien secured obligations. It should be noted that a reduction in the amount of unsecured obligations could reduce the loss-absorption cushion available to the first lien secured debt. As a result, the secured rating could be downgraded even if Air Canada's CFR is unchanged. The enhanced equipment trust certificates' ("EETCs") ratings consider estimates of loan-to-value for each of the transactions. Moody's believes the aircraft models that comprise the collateral across these transactions will remain important to Air Canada's network, which supports Moody's expectations that the company would likely affirm these transactions if it were to reorganize under Canadian bankruptcy and insolvency law. The stable outlook reflects Moody's expectations that Air Canada will maintain its competitive position and maintain leverage below 4x as it spends on its aircraft replacement program. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Air Canada is able to maintain adjusted debt-to-EBITDA towards 3x, EBITDA margins toward 20%, very good liquidity, and a track record of conservative financial policy. The ratings could be downgraded if the company's liquidity or operating performance deteriorate or adjusted debt/EBITDA is likely to be sustained above 4x. Changes in EETC ratings can result from any changes in the underlying credit quality or ratings of the company or Moody's opinions of the importance of the aircraft collateral to the operations. Changes in estimates of current and projected aircraft market values, which will affect estimates of loan-to-value, could also result in a change to EETC ratings. Air Canada is the largest provider of scheduled airline passenger services within, and to and from Canada. The company is headquartered in Saint-Laurent, Quebec, Canada. The principal methodology used in rating Air Canada was Passenger Airlines published in December 2025. ALL CARE: James LaMontagne Named Subchapter V Trustee ----------------------------------------------------- The U.S. Trustee for Region 1 appointed James LaMontagne of Sheehan Phinney Bass & Green as Subchapter V trustee for All Care Homecare LLC. Mr. LaMontagne will be paid an hourly fee of $475 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. LaMontagne declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: James S. LaMontagne, Esq. Sheehan Phinney Bass & Green 75 Portsmouth Boulevard, Suite 110 Portsmouth, NH 03801 Phone: (603) 627-8102 jlamontagne@sheehan.com About All Care Homecare LLC All Care Homecare LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-11875) on August 4, 2026, with $100,001 to $500,000 in assets and liabilities. Steffani M. Pelton, Esq. at Madoff & Khoury LLP represents the Debtor as legal counsel. ALL CARE: U.S. Trustee Appoints Joseph Tomaino as PCO ----------------------------------------------------- William Harrington, the U.S. Trustee for Region 1, appointed Joseph Tomaino of Grassi Healthcare Advisors, LLC as patient care ombudsman for All Care Homecare LLC. To the best of the United States Trustee's knowledge and based on the verified statement he has provided, Joseph Tomaino has no connections with All Care Homecare, creditors and other parties-in-interest in the bankruptcy case. The ombudsman may be reached at: Joseph Tomaino Chief Executive Officer Grassi Healthcare Advisors, LLC Phone: 212-223-5020 Fax: 212-755-6748 Email: jtomaino@grassihealthcareadvisors.com About All Care Homecare LLC All Care Homecare, LLC, also known as All Care Wellness, operates mental health clinics in Plymouth, Stoughton, and New Bedford, Massachusetts, treating anxiety, substance use, and related disorders. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-11875) on August 4, 2026. In the petition signed by Richard Hughes, manager, the Debtor disclosed up to $500,000 in both assets and liabilities. David B. Madoff, Esq., at Madoff & Khoury LLP, represents the Debtor as legal counsel. ALLIED DEVCORP: Hires Robin Ward Miller PLLC as Accountant ---------------------------------------------------------- Allied Devcorp, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Robin Ward Miller, PLLC as accountant. The firm will assist the Debtor in the preparation and electronic filing of 2025 Federal and State Individual Income Tax Returns. The firm will be paid a flat fee of $1,300. Ms. Miller disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robin Ward Miller Robin Ward Miller, PLLC Post Office Box 7810 Ocean Isle Beach, NC 28469 Tel: (828) 406-9660 Email: wardmillercpa@gmail.com About Allied Devcorp, LLC Allied DevCorp LLC, based in Raleigh, North Carolina, owns the property at 153 W King St., Hillsborough, NC 27278, along with significant operational and furnishing assets used in the hotel business. The Company also holds 100% ownership of Colonial Inn Hillsborough, Inc., which leases the premises and operates The Colonial Inn as a boutique hotel with guest rooms, dining, and event spaces. Allied DevCorp LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 25-03652) on Sept. 18, 2025. In its petition, the Debtor reports total assets of $3,700,032 and total liabilities of $4,655,943. Honorable Bankruptcy Judge Joseph N. Callaway handles the case. The Debtor is represented by Joseph Z. Frost, Esq. of Buckmiller & Frost, PLLC. ALTRIA GROUP: Liabilities Exceed Assets by $2.6-Bil. at June 30 --------------------------------------------------------------- Altria Group, Inc.'s stockholder's deficit was US$2.6 billion at June 30, 2026. The stockholder's deficit was US$3.5 billion at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$33.4 billion and total liabilities of US$36.0 billion. At Dec. 31, 2025, the Company had total assets of US$35.0 billion and total liabilities of US$38.5 billion. The Company said: "We are a holding company that is primarily dependent on the capital resources of our subsidiaries to satisfy our liquidity requirements. Our access to the operating cash flows of our subsidiaries consists of cash received from the payment of dividends and distributions, and the payment of interest on intercompany loans. At June 30, 2026, our significant subsidiaries were not limited by contractual obligations in their ability to pay cash dividends or make other distributions with respect to their equity interests. In addition, we receive cash dividends on our interest in ABI and will continue to do so as long as we hold shares in ABI and ABI pays dividends." "At June 30, 2026, we had US$2.4 billion of cash and cash equivalents. In addition to having access to the operating cash flows of our subsidiaries, our capital resources include access to credit markets in the form of commercial paper, availability under our US$3.0 billion senior unsecured 5-year revolving credit agreement ('Credit Agreement'), which we use for general corporate purposes, and access to credit markets through the issuance of long-term senior unsecured notes." In addition to funding current operations, the Company primarily use its net cash from operating activities for payment of dividends, share repurchases under its share repurchase programs, repayment of debt, acquisitions of or investments in businesses and assets and capital expenditures. The Company believes its cash and cash equivalents balance, along with its future cash flows from operations, capacity for borrowings under its Credit Agreement and access to credit and capital markets, provide sufficient liquidity to meet the needs of its business operations and to satisfy its projected cash requirements for the foreseeable future, including the next 12 months. A full-text copy of the Form 10-Q is available at https://tinyurl.com/375xpne3 About Altria Group Altria Group, Inc., is a leading U.S.-based holding company whose subsidiaries manufacture and sell smokeable and oral tobacco products and related offerings. Through its operating companies, Altria focuses on premium cigarette, moist smokeless tobacco, oral nicotine pouch and cigar brands, while also maintaining a strategic equity stake in Anheuser-Busch InBev. The Company's strategy centers on generating strong cash flows, returning capital to shareholders and managing regulatory, litigation and public health developments affecting the tobacco industry. AMERICAN AUTOMOTIVE: Unsecureds Will Get 100% of Claims in Plan --------------------------------------------------------------- American Automotive Alliance filed with the U.S. Bankruptcy Court for the Middle District of Florida a Subchapter V Plan of Reorganization dated August 3, 2026. American Automotive Alliance, a Florida LLC that sells vehicle service contracts, has filed for Chapter 11 Subchapter V bankruptcy to restructure its secured debt and establish a repayment plan for its unsecured creditors. The Debtor operates from leased premises in Ponte Vedra Beach, Florida. The Debtor aims to restructure secured business loans and repay creditors using future income from vehicle service contract sales. The Plan projects approximately $216,332 of disposable income over three years, with another reference to projected disposable income of $188,000 for that period. The plan calls for payments from future business income, with the final plan payment expected on September 1, 2030. Treatment of Claims: * Priority claims (Class 1): Generally paid in full. Tax claims may be paid over 60 months from the bankruptcy filing date at the statutory interest rate. * Sing for Service / MEPCO (Class 2): Its claim is subject to a settlement being negotiated. If the Bankruptcy Court approves the settlement, the claim will be treated according to that agreement. * PayLink Direct (Class 3): Will receive $90,000, without interest, through 60 monthly payments of $1,500 beginning after the Plan's effective date. * General unsecured creditors (Class 4): Allowed claims are to be paid 100% without interest through equal monthly payments beginning after the effective date. They must be paid in full within 120 months of the effective date, although the Debtor can prepay them without penalty. On the Plan's effective date, the Debtor's property and causes of action will vest back in the Debtor free of the claims and liens described in the Plan. The Debtor intends to continue operating with low expenses and believes its operating cash flow will be sufficient to fund the Plan payments and ongoing operations. The Plan is designed to let American Automotive Alliance continue operating while using its future business income to restructure secured obligations and repay its creditors, with specific treatment for priority claims, MEPCO, PayLink, and general unsecured creditors. A full-text copy of the Subchapter V Plan dated August 3, 2026 is available at https://urlcurt.com/u?l=8kvgsV from PacerMonitor.com at no charge. Counsel for the Debtor: Thomas C. Adam, Esq. ADAM LAW GROUP, P.A. 2258 Riverside Avenue Jacksonville, FL 32204 (904) 329-7249 Phone (904) 606-1245 Facsimile Email: tadam@adamlawgroup.com About American Automotive Alliance American Automotive Alliance provides vehicle service contracts and related vehicle protection services. The company's offerings include roadside assistance, road hazard tire coverage, key fob replacement, customer support, stolen vehicle reward coverage, and identity theft recovery services. American Automotive Alliance has been in business since 2016 and is based in Ponte Vedra Beach, Florida. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02023) on May 5, 2026, with $191,374 in assets and $3,355,908 in liabilities. Ronnie Mcgraw, chief executive officer, signed the petition. Judge Jacob A. Brown presides over the case. Thomas Adam, Esq., at Adam Lsw Group, PA, is the Debtor's bankruptcy counsel. AMERICAS CARMART: Askeladden Capital No Longer Holds Shares ----------------------------------------------------------- Askeladden Capital Management LLC and Samir Patel disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission, that, as of April 8, 2026, they no longer beneficially own any shares of America's Car-Mart, Inc.'s Common Stock. Askeladden Capital may be reached through: Samir Patel (Managing Member) Askeladden Capital Management LLC 1452 Hughes Road Suite 200 #582 Grapevine, Texas 76051 Tel: 682-553-8302 A full-text copy of Askeladden Capital's SEC Report is available at https://tinyurl.com/4nzysfmn. About America's Car-Mart, Inc. America's Car-Mart, Inc., a Texas corporation, is one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America's Car Mart, Inc., an Arkansas corporation, and Colonial Auto Finance, Inc., an Arkansas corporation. The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. Tulsa, Oklahoma-based Grant Thornton LLP, the Company's independent auditor since 2024, issued a going concern qualification in its report dated July 14, 2026. The auditor stated that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. As of April 30, 2026, the Company had $1.42 billion in total assets, $970.78 million in total liabilities, $400 thousand in mezzanine equity, and $445.56 million in total stockholders' equity. AMERICAS CARMART: Prescott Group Cuts Stake Below 5% ---------------------------------------------------- Prescott Group Capital Management, L.L.C. -- together with Prescott Group Aggressive Small Cap, L.P., Prescott Group Aggressive Small Cap II, L.P., Prescott Group Aggressive Small Cap Master Fund, G.P., and Phil Frohlich -- disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission, that, as of June 30, 2026, they beneficially own 227,976 shares of America's Car-Mart, Inc.'s Common Stock, par value $0.01 per share (with sole voting and sole dispositive power over 227,976 shares for Prescott Capital and Phil Frohlich; shared voting and shared dispositive power over 227,724 shares for the Small Cap Funds and Master Fund), representing 2.7% of the Common Stock. The Amendment reports ownership of 5 percent or less of a class. The shares are held in the account of the Master Fund (of which the Small Cap Funds are general partners) and a partnership of which Prescott Capital serves as the general partner. Phil Frohlich is the principal of Prescott Capital. The percentage is based on 8,327,329 shares of Common Stock outstanding as of July 14, 2026. Prescott Group Capital Management, L.L.C. (and related reporting persons) may be reached through: Phil Frohlich Prescott Group Capital Management, L.L.C. 1924 South Utica Suite 1120 Tulsa, OK 74104 Tel: 918-747-3412 A full-text copy of Prescott Group Capital's SEC Report is available at https://tinyurl.com/bdetufwv. About America's Car-Mart, Inc. America's Car-Mart, Inc., a Texas corporation, is one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America's Car Mart, Inc., an Arkansas corporation, and Colonial Auto Finance, Inc., an Arkansas corporation. The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. Tulsa, Oklahoma-based Grant Thornton LLP, the Company's independent auditor since 2024, issued a going concern qualification in its report dated July 14, 2026. The auditor stated that conditions exist that raise substantial doubt about the Company's ability to continue as a going concern. As of April 30, 2026, the Company had $1.42 billion in total assets, $970.78 million in total liabilities, $400 thousand in mezzanine equity, and $445.56 million in total stockholders' equity. ANGEL STUDIOS: Liabilities Exceed Assets by $29.3M at June 30 ------------------------------------------------------------- Angel Studios, Inc.'s stockholder's deficit was US$29.3 million at June 30, 2026. The stockholder's deficit was US$25.8 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$235.1 million and total liabilities of US$264.4 million. At Dec. 31, 2025, the Company had total assets of US$241.4 million and total liabilities of US$267.2 million. The Company disclosed that cash and cash equivalents increased by $4.0 million in the six months ended June 30, 2026, primarily due to cash provided by operating activities of US$18.8 million, partially offset by cash used in investing activities of $13.8 million and cash used in financing activities of $1.1 million. To date, the Company has funded a significant portion of its operations through private and public offerings of its common stock and raise of money through notes payable. As of June 30, 2026, the Company had cash on hand of approximately $48.0 million. Notes payable currently consists of (1) print and advertising costs notes in the amount of $12.0 million with amounts due based on timing of certain cash proceeds, but which amounts are expected to be paid within the next twelve months, (2) financing of a convertible note in the amount of $6.0 million, which will become due, if not converted into equity beforehand, by May 1, 2027, and (3) a financing facility in the amount of $100.0 million, of which $60.0 million is currently drawn as of the date of this report, with interest payable monthly and principal installments starting in November 2027 and a final maturity of Oct. 1, 2030. The Company said: "The condensed consolidated financial statements have been prepared assuming we will continue to operate as a going concern within one year from the date of issuance of these condensed consolidated financial statements. For the six months ended June 30, 2026, we incurred a net loss of approximately US$37.6 million and had cash provided by operating activities of approximately US$18.8 million. We have an accumulated deficit of approximately US$279.1 million as of June 30, 2026. Marketing expense was our largest expense for the period ended June 30, 2026 as our intent is to increase Angel Guild memberships and support our theatrical releases. We anticipate that as we continue to grow the business, we will incur operating losses and use cash in operating activities during 2026." The Company noted that it is working to increase revenues through the growth of Angel Guild memberships, its pipeline of theatrical releases during the second half of 2026 and additional streaming agreements. The Company has historically financed marketing activities for theatrical releases through two primary methods: (1) Regulation A offerings that are tailored to raise money for the print and advertising costs ("P&A") for specific theatrical releases, and (2) P&A loan agreements with individual and institutional investors. During the three months ended June 30, 2026, the Company did not raise any money from Regulation A offerings and received US$10.0 million from P&A loans. During the year ended Dec. 31, 2025, the Company raised US$13.2 million from Regulation A offerings and received US$84.0 million from P&A loans. During the six months ended June 30, 2026, the Company paid US$57.6 million for the repayments of P&A loans, including interest, and paid US$5.9 million as a redemption of shares for Regulation A investors, from the proceeds collected from the theatrical slate. Additionally, the Company has raised capital through the sale of its Common Stock, generating US$104.1 million of cash during the year ended Dec. 31, 2025. During the six months ended June 30, 2026, the Company issued Common Stock through a public offering for aggregate proceeds of US$34.5 million and generated approximately US$190.5 million in cash from Angel Guild paid memberships. The Company said: "As we continue to grow, we expect that our existing capital resources, including cash, accounts receivables, licensing receivables, recurring revenues from our membership base, the ability to draw on our existing debt facility, and the ability to sell our digital assets if necessary, will be sufficient to meet our operating requirements for at least the next twelve months. While there is no assurance of success, management remains committed to its plans to grow revenues and manage expenses." A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=6xE97R About Angel Studios Angel Studios, Inc., is an entertainment and media company that develops, finances, and distributes films and series, with a business model that leverages its Angel Guild membership base to support theatrical releases, marketing initiatives, and content distribution, including through streaming and licensing arrangements. ANGSTROM ALUMINUM: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Angstrom Aluminum Castings Texas, LLC 222 Lely Drive Troy, TX 76579-3714 Business Description: Angstrom Aluminum Castings Texas, LLC is an aluminum die-casting and machining company based in Troy, Texas, that manufactures engineered aluminum components for automotive, heavy-truck, off-highway and industrial customers. The company operates a manufacturing facility with high-pressure die-casting, CNC machining, heat-treatment, welding, assembly and inspection capabilities, producing transmission housings, engine covers, engine mounts, pulleys, belt tensioners, structural castings and electric-vehicle propulsion components. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-11543 Judge: Hon. Christopher G Bradley Debtor's Counsel: Jason Binford, Esq. KANE RUSSELL COLEMAN LOGAN PC 401 Congress Avenue, Suite 2100 Austin, TX 78701 Tel: 512-487-6650 Email: jbinford@krcl.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Nagesh K. Palakurthi as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/7MG4HPY/Angstrom_Aluminum_Castings_Texas__txwbke-26-11543__0001.0.pdf?mcid=tGE4TAMA ANOINTED TOUCH: Claims to be Paid from Ongoing Operations --------------------------------------------------------- Anointed Touch Residential Services LLC, filed with the U.S. Bankruptcy Court for the Southern District of Indiana a Combined Small Business Plan of Reorganization and Disclosure Statement dated August 3, 2026. The Debtor is an Indiana personal-care agency owned and managed by Ayries Bledsoe. It provides in-home and community-based services to people with developmental disabilities and to elderly and disabled individuals in Marion County, Indiana. The company's core operations are profitable, but it experienced recurring cash-flow problems because client receivables were collected at different times than weekly payroll and other operating expenses were due. To obtain immediate cash, the company entered into merchant cash advances and other financing arrangements based on future receivables. The resulting repayment obligations became too burdensome and interfered with the company's ability to pay payroll and other normal expenses. The company filed for Chapter 11 Subchapter V bankruptcy to stabilize its cash flow, restructure its prepetition obligations, preserve its employees and business value, and continue serving its clients. Key points of the Plan * Fraudulent transfer: As of May 18, 2026, the company had approximately $32,437.83 in its DIP account at Premier Bank. Around May 19, 2026, those funds were fraudulently transferred. The company reported the incident and is pursuing recovery. The document states this was a nonrecurring event and does not reflect normal business performance. * Use of operating cash: Cash generated from ongoing operations will first be used for administrative expenses, professional and Trustee fees, secured claims, and operating expenses. * Priority claims: These will be paid according to the treatment permitted under the Bankruptcy Code. * General unsecured creditors (Class 3): After higher-priority claims are paid, remaining Plan funds will be distributed pro rata among allowed general unsecured claims, including deficiency claims. The creditors will receive a final distribution equal to 20% of the actual residual Plan funds remaining after required superior distributions. The distribution is subordinate to priority claims. Class 3 is impaired and can vote on the Plan. * Equity interests (Class 4): The existing owner will retain the equity interests in the company. Beginning with the first full calendar quarter after the Plan's effective date, and continuing for 20 quarters, the company will pay 85% of its Net Proceeds from the preceding quarter toward the Plan. At the end of each Plan year, the company will also distribute 85% of its cash on hand, after accounting for ordinary operating expenses and quarterly Plan payments, consistent with the Plan's projections. The Plan is designed to allow Anointed Touch Residential Services to continue operating its profitable personal-care business while addressing its cash-flow and financing problems. The company will use its future operating proceeds to fund the bankruptcy Plan, with priority obligations paid first and general unsecured creditors receiving a pro rata share of the remaining funds. The existing owner will retain the company's equity, while 85% of quarterly net proceeds and 85% of qualifying year-end cash on hand will be directed toward Plan payments. A full-text copy of the Combined Plan and Disclosure Statement dated August 3, 2026 is available at https://urlcurt.com/u?l=8JAdpt from PacerMonitor.com at no charge. Anointed Touch Residential Services LLC is represented by: Jacob S. Troxell, Esq. Allen Wellman Harvey Keyes Cooley, LLP Five Courthouse Plaza, PO Box 455 Greenfield, IN 46140 Tel: (317) 462-3455 Fax: (317) 467-6109 Email: jst@awhkc.com About Anointed Touch Residential Services Anointed Touch Residential Services, LLC, operates a personal-care agency that provides care in home and in community settings to individuals with developmental disabilities and to aged and disabled individuals. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 26-00922) on Feb. 24, 2026. In the petition signed by Ayries Nachelle Bledsoe, sole member, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge James M. Carr oversees the case. Jacob Troxell, at Allen Wellman Harvey Keyes Cooley, LLP, is the Debtor's legal counsel. ARCADIA BIOSCIENCES: Falls Below Minimum Bid Price Requirement -------------------------------------------------------------- Arcadia Biosciences, Inc. said in a regulatory filing with the Securities and Exchange Commission that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on Aug. 4, 2026, notifying the Company that it is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market. The Notice stated that, based upon the closing bid price of the Company's common stock for the last 30 consecutive business days, from June 22, 2026, to Aug. 3, 2026, the Company no longer satisfies the minimum bid price requirement. The Notice has no immediate effect on the listing or trading of the Common Stock on The Nasdaq Capital Market, which will continue to trade on The Nasdaq Capital Market under the symbol "RKDA." In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided an initial compliance period of 180 calendar days, or until Feb. 1, 2027, to regain compliance with the Minimum Bid Price Requirement. During the compliance period, the Company's Common Stock will continue to be listed and traded on The Nasdaq Capital Market. To regain compliance, the closing bid price of the Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during the compliance period. Nasdaq may, in its discretion, require the Company to satisfy the minimum bid price requirement for a period in excess of ten consecutive business days before determining that the Company has demonstrated an ability to maintain long-term compliance. In the event the Company is not in compliance with the Minimum Bid Price Requirement by Feb. 1, 2027, the Company may be eligible for an additional 180 calendar day compliance period, provided that it satisfies the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice to Nasdaq of its intention to cure the minimum bid price deficiency during this second 180-day compliance period including, if necessary, by effecting a reverse stock split. If the Company is not eligible for an additional compliance period or otherwise does not appear capable of curing the deficiency, Nasdaq may provide notice that the Company's Common Stock will be subject to delisting. In that event, the Company would have the opportunity to appeal Nasdaq's determination to a Nasdaq Hearings Panel. The Company said that it intends to actively monitor the closing bid price of the Common Stock and evaluate available options to regain compliance with the Minimum Bid Price Requirement, including, if necessary, effecting a reverse stock split. There can be no assurance that the Company will regain compliance with Nasdaq Listing Rule 5550(a)(2) during the initial compliance period or any additional compliance period, or that the Company will otherwise maintain compliance with the other Nasdaq listing requirements. About Arcadia Biosciences Inc. Headquartered in Dallas, Texas, Arcadia Biosciences Inc. is a producer and marketer of innovative, plant-based health and wellness products. Since its inception in 2002, it has worked on creating next-generation wellness products, particularly by enhancing wheat with unique nutritional profiles, including increased fiber, improved protein quality, fewer calories, reduced gluten, and extended shelf stability. Their portfolio also includes Zola Coconut Water, a hydrating beverage that is Non-GMO, low in calories, and rich in electrolytes. The Company collaborates with food manufacturers to create healthier wheat-based products. Tempe, Arizona-based Deloitte & Touche LLP, the Company's auditor since 2007, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has an accumulated deficit, recurring net losses and net cash used in operations, and resources that will not be sufficient to meet its anticipated cash requirements, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $5.3 million in total assets, $2.4 million in total liabilities, and $2.9 million in total stockholders' equity. ARIZA MANAGEMENT: Case Summary & Four Unsecured Creditors --------------------------------------------------------- Debtor: Ariza Management, LLC 7602 Jackson St. Paramount, CA 90723 Business Description: Ariza Management, LLC is a single-asset real estate company (as defined in 11 U.S.C. Section 101(51B)). Chapter 11 Petition Date: August 8, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-17972 Judge: Hon. Deborah J. Saltzman Debtor's Counsel: Giovanni Orantes, Esq. THE ORANTES LAW FIRM, A.P.C. 3435 Wilshire Blvd., 27th Floor Los Angeles, CA 90010 Tel: (888) 619-8222 Fax: (888) 789-5776 E-mail: go@gobklaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Mario A Perez as CEO. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ATHMVHY/Ariza_Management_LLC__cacbke-26-17972__0001.0.pdf?mcid=tGE4TAMA ASCENSION TOWING: Hires Diez Dupuy & Ruiz as Accountant ------------------------------------------------------- Ascension Towing and Recovery, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Louisiana to employ Diez, Dupuy & Ruiz, LLC as accountant. The firm will provide the Debtor accounting services necessary in the bankruptcy proceedings. The firm will be paid at these rates: Mike Schexnayder, CPA $265 per hour Support Staff $75 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Schexnayder disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Mike Schexnayder Diez, Dupuy & Ruiz, LLC 1124 S Burnside Ave, Suite 300A Gonzales, LA 70737 Telephone: (225) 228-5800 About Ascension Towing and Recovery, LLC Ascension Towing and Recovery provides towing, vehicle recovery and roadside-support services in Saint Amant, Louisiana. The company offers light-, medium- and heavy- duty towing, flatbed towing, winch and recovery services, boat and RV towing, motorcycle towing, impound service and related heavy-duty breakdown assistance for motorists, vehicle owners and commercial operators in St. Amant and surrounding areas. Ascension Towing and Recovery, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. La. Case No. 26-10439) on May 19, 2026, listing $610,500 in assets and $1,035,055 in liabilities. The petition was signed by Frank A. Credidio as manager. Ryan J. Richmond, Esq. at STERNBERG, NACCARI & WHITE, LLC serves as the Debtor's counsel. Kapitus Serving, Inc., as lender, is represented by: JOSEPH P. BRIGGETT, Esq. TREVOR C. MOSBY, Esq. BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ, PC 201 St. Charles Avenue, Suite 3600 New Orleans, LA 70170 Telephone: (504) 566-5200 Facsimile: (504) 636-4000 E-mail: jbriggett@bakerdonelson.com tmosby@bakerdonelson.com ASCENT SOLAR: Jane Street Group Holds 3.6% Equity Stake ------------------------------------------------------- Jane Street Group, LLC -- together with Jane Street Capital, LLC and Jane Street Global Trading, LLC -- disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission, that, as of June 30, 2026, they beneficially own 352,696 shares of Ascent Solar Technologies, Inc.'s Common Stock, $0.0001 par value per share, with shared voting power and shared dispositive power over all 352,696 shares, and no sole voting or dispositive power, representing 3.6% of the Common Stock. Breakdown: * Jane Street Capital, LLC: 173,843 shares (1.8%) * Jane Street Global Trading, LLC: 178,853 shares (1.8%) The Amendment reports ownership of 5 percent or less of a class. Jane Street Capital, LLC, and Jane Street Global Trading, LLC, are subsidiaries of Jane Street Group, LLC. Jane Street Group, LLC (and related reporting persons) may be reached through: Jeremy Kahn (Authorized Signatory) 250 Vesey Street 3rd Floor New York, NY 10281 Tel: 212-651-6069 A full-text copy of the Jane Street Group, LLC's SEC Report is available at https://tinyurl.com/3835km5v. About Ascent Solar Technologies, Inc. Ascent Solar Technologies, Inc. is a solar technology Company based in Thornton, Colorado, that manufactures and sells photovoltaic solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. Its technology provides renewable power solutions to high-value production and specialty solar markets where traditional rigid solar panels are not suitable, including space power beaming, aerospace, satellites, near-Earth orbiting vehicles, fixed-wing unmanned aerial vehicles, aquatic, terrestrial, and other weight-sensitive markets (including DoD drone and space operations) with transformational, high-quality, value-added product applications. The Company operates in these target markets because they have highly specialized needs for power generation and offer attractive pricing due to the significant technological requirements. Salt Lake City, Utah-based Haynie, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 20, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company has had limited production which has led to the Company being dependent on outside financing to fund its operations. There is no assurance that the Company will be able to raise additional capital and cash on hand is not sufficient to sustain operations. These factors raise substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company had $18.1 million in total assets, $2.8 million in total liabilities, and $15.3 million in total stockholders' equity. ASSETS4LIFE LLC: Brian Hofmeister Named Subchapter V Trustee ------------------------------------------------------------ The U.S. Trustee for Regions 3 and 9 appointed Brian Hofmeister, Esq., as Subchapter V trustee for Assets4Life, 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 Assets4Life LLC Assets4Life, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-18824) on August 4, 2026, with $1,000,001 to $10 million in assets and $500,001 to $1 million in liabilities. Lawrence W. Luttrell, Esq. at Law Offices Of Lawrence W. Luttrell represents the Debtor as legal counsel. ASTRO GALLERY: Matthew Grimshaw Named Subchapter V Trustee ---------------------------------------------------------- The Acting U.S. Trustee for Region 18 appointed Matthew Grimshaw as Subchapter V trustee for Astro Gallery of Gems of Idaho LLC. Mr. Grimshaw will be paid an hourly fee of $375 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Grimshaw declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Matthew W. Grimshaw 800 W. Main Street, Ste 1460 Boise, ID 83702 O. (208) 391-7860 Email: matt@grimshawlawgroup.com About Astro Gallery of Gems of Idaho LLC Astro Gallery of Gems of Idaho LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Idaho Case No. 26-00677) on August 3, 2026, with $100,001 to $500,000 in assets and $50,001 to $100,000 in liabilities. Jason R. Mau, Esq. at Parsons Behle & Latimer represents the Debtor as legal counsel. ATLANTIC POOL: Seeks Chapter 11 Bankruptcy after Collection Case ---------------------------------------------------------------- On July 31, 2026, Atlantic Pool Pros, LLC filed for Chapter 11 protection in the District of New Jersey. According to court filings, the Debtor reports between $500,000 and $1 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) meeting to be held on September 2, 2026 at 09:00 AM via Zoomgov-Wolf: join.zoom.us Meeting ID 165 735 19456, Passcode 7555784152, or call 1-551-285-1373. Subchapter V Chapter 11 Plan deadline set for October 29, 2026. About Atlantic Pool Pros, LLC Atlantic Pool Pros, LLC is a Point Pleasant Beach, New Jersey-based swimming pool construction and maintenance services provider. The company maintains its primary business location in Manasquan and serves customers across more than 12 municipalities. Atlantic Pool Pros, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-18664) on July 31, 2026. In its petition, the Debtor reports estimated assets of $100,000 to $500,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge handles the case. The Debtor is represented by Joseph Casello, Esq. of Collins, Vella & Casello. ATTY GREG T BAILEY: Case Summary & One Unsecured Creditor --------------------------------------------------------- Debtor: Atty Greg T Bailey & Assoc. Inc. 5682 Palazzo Way Suite 101 Douglasville, GA 30134 Business Description: Atty. Greg T. Bailey and Assoc., Inc. is a Douglasville, Georgia-based law firm providing legal services in personal injury, tax representation, business matters, estate planning, and probate. Its services include IRS representation and tax preparation, business formation and contract work, litigation and dispute resolution, and trust- and insurance- related legal matters. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-60300 Debtor's Counsel: Jason Ferguson, Esq. ATTY. GREG T. BAILEY & ASSOC 5682 Palazzo Way Douglasville, GA 30134 Tel: 229-888-2421 Fax: 404-393-7528 E-mail: Mainacctjason@gmail.com Total Assets: $4,515,200 Total Liabilities: $2,939,478 The petition was signed by Gregory T Bailey as CEO. The Debtor listed Alliance Legal Funding, located in Douglasville, Georgia, as its sole unsecured creditor, with a claim of approximately $2.3 million. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/XFWGLVY/Atty_Greg_T_Bailey__Assoc_Inc__ganbke-26-60300__0001.0.pdf?mcid=tGE4TAMA ATW HEALTH: Court Extends Cash Collateral Access to Sept. 30 ------------------------------------------------------------ ATW Health Solutions, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral from August 11 through September 30 to fund its operations based on a court-approved budget, plus 10% of the budgeted total amount, if necessary. The budget projects total operational expenses of $114,643.21. The principal secured creditors claiming security interests in the Debtor's cash, accounts receivable, and other business assets are Unique Funding Solutions, LLC, the U.S. Small Business Administration and BayFirst/Banesco. Unique Funding Solutions and the SBA assert secured claims of $254,549 and $420,400, respectively. BayFirst/Banesco holds two secured loans with outstanding balances of $98,487 and $328,332. Collectively, these creditors claim security interests in the Debtor's cash, accounts receivable, and other business assets. Secured creditors will be granted adequate protection through replacement liens on the Debtor's collateral to the same extent as their respective pre-petition security interests. Additionally, the Debtor is required to pay $1,000 monthly to Unique Funding Solutions and continue its monthly payments to the other lenders under their existing loan agreements. The order is available at http://bankrupt.com/misc/ATWHealth_CCOrder80.pdf The court scheduled a further hearing for September 29. ATW's bankruptcy filing was precipitated by Unique Funding Solutions' garnishment lien, which significantly impaired the Debtor's ability to operate. As of the petition date, the Debtor maintained approximately $50,935 in three operating bank accounts at JPMorgan Chase Bank, Bank of America, and Wintrust Bank, along with approximately $130,928 in accounts receivable. The Debtor employs nine people and relies heavily on access to these funds to meet its ongoing operational obligations. About ATW Health Solutions Inc. ATW Health Solutions, Inc., a company based in Chicago, Illinois, is a healthcare consulting and advisory firm providing performance improvement, patient safety, and health systems transformation services. Founded in 2014, the company works with government agencies, healthcare systems, and public health organizations to support data-driven improvements in care quality and outcomes. Certified as a Woman-Owned Small Business, it participates in federal contracting programs focused on public health and healthcare system implementation. ATW Health Solutions filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No. 26-06364) on April 12, 2026, with $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. Knitasha Washington, president, signed the petition. Judge Deborah L. Thorne presides over the case. Joseph Wrobel, Esq., at Joseph Wrobel, Ltd. represents the Debtor as legal counsel. Ira Bodenstein serves as Subchapter V trustee for the Debtor. AUTISM CENTERS: Seeks Chapter 11 Bankruptcy with $673K Secured Debt ------------------------------------------------------------------- On July 31, 2026, Autism Centers of Tennessee PLLC filed for Chapter 11 protection in the Western District of Tennessee. According to court filings, the Debtor reports between $1 million and $10 million in liabilities owed to 1–49 creditors, including approximately $673,000 in secured debt. A meeting of creditors under Section 341(a) to be held on September 2, 2026 at 09:00 AM via Zoomgov-Wolf: join.zoom.us Meeting ID 165 735 19456, Passcode 7555784152, or call 1-551-285-1373. Chapter 11 Plan Subchapter V Due by 10/29/2026. 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. BARTRAM LOGISTICS: Court Extends Cash Collateral Access to Sept. 1 ------------------------------------------------------------------ Bartram Logistics, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral to fund operations. The court issued its 12th interim order authorizing the Debtor to use cash collateral until the next hearing scheduled for September 1. Use of such collateral must be in accordance with previous interim cash collateral orders and the latest budget, subject to a 10% variance. To protect the interests of pre-bankruptcy secured creditors, the court granted them replacement liens on post-petition cash collateral, which are automatically perfected without additional filings. The order also required all parties holding funds owed to the Debtor to immediately transfer them to the Debtor. The order is available at https://shorturl.at/iTpEV from PacerMonitor.com. The Debtor must file a supplemental cash-collateral motion and budget by August 27 while parties seriously contesting continued use are encouraged to file objections by noon on August 31. Bartram Logistics' assets include cash accounts, accounts receivable, and inventory, which may constitute cash collateral. Studio Bank asserts a secured claim of approximately $530,000, claiming an interest in the Debtor's accounts receivable and other assets via a UCC-1 filed in 2024. First Chatham Bank (also known as Cadence Bank) asserts a secured claim of approximately $2.3 million, claiming similar interests via a UCC-1 filed on April 28. All other creditors with UCC-1 filings, per the Tennessee Secretary of State, are merchant cash advance lenders. Studio Bank, as secured creditor, is represented by: David M. Anthony, Esq. Exo Legal PLLC P.O. Box 121616 Nashville, TN 37212 Telephone: (615) 869-0634 Facsimile: (615) 307-6076 david@exolegal.com First Chatham Bank, as secured creditor, is represented by: Bryan J. Sisto, Esq. Frost Brown Todd LLP 400 W. Market Street, Suite 3200 Louisville, KY 40202 Telephone: (502) 589-5400 Facsimile: (502) 581-1087 bsisto@fbtlaw.com About Bartram Logistics LLC Bartram Logistics, LLC, doing business as Bartram Electric, operates as an electrical subcontractor providing installation and related services for construction projects in the Southeastern United States. The company focuses on multifamily, hotel, and restaurant developments and undertakes electrical scopes of work under general contractors. It has completed more than 70 projects in the region and continues to work on dozens of active and contracted assignments. Bartram Logistics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03788) on September 9, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Randal S. Mashburn handles the case. The Debtor is represented by Erin Malone-Smolla, Esq., at Bradley Arant Boult Cummings, LLP. BARTRAM PARK: Case Summary & 14 Unsecured Creditors --------------------------------------------------- Debtor: Bartram Park IWC, LLC d/b/a Island Wings Company Grill & Bar 360 Bartram Market Dr. Saint Johns, FL 32259 Business Description: Bartram Park IWC operates an Island Wing Company Grill & Bar restaurant in St. Johns, Florida, offering baked and grilled chicken wings, burgers, sandwiches, seafood, tacos, salads and other menu items, as well as craft beer and other beverages. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-03581 Debtor's Counsel: Bradley R. Markey, Esq. THAMES | MARKEY 50 North Laura Street, Suite 1600 Jacksonville, FL 32202 Tel: 904-358-4000 E-mail: brm@thamesmarkey.law Total Assets as of August 4, 2026: $3,389,070 Total Liabilities as of August 4, 2026: $3,750,796 The petition was signed by Shane E. Powers as manager. A copy of the Debtor's list of its 14 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4ZQ5KDQ/Bartram_Park_IWC_LLC__flmbke-26-03581__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/45O5EGQ/Bartram_Park_IWC_LLC__flmbke-26-03581__0001.0.pdf?mcid=tGE4TAMA BLACK LION: Hires Paul Reece Marr PC as Bankruptcy Attorney ----------------------------------------------------------- Black Lion Transportation and Truck Repairs, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Paul Reece Marr, P.C. as its bankruptcy attorneys. The firm's services include: (a) providing the Debtor with legal advice regarding its powers and duties as a debtor in possession in the continued operation and management of its affairs; (b) preparing on behalf of the Debtor the necessary applications, statements, schedules, lists, answers, orders and other legal papers pursuant to the Bankruptcy Code; and (c) performing all other legal services in the Chapter 11 bankruptcy proceeding for the Debtor which may be reasonably necessary. The firm will be paid at these rates: Paul Reece Marr, Esq. $500 per hour Paralegal $295 per hour In addition, the firm will seek reimbursement for its out-of-pocket expenses. Paul Reece Marr, Esq., managing partner at Paul Reece Marr, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Paul Reece Marr, Esq. The Law Firm of Paul Reece Marr, P.C. 6075 Barfield Road, Suite 213 Sandy Springs, GA 30328 Tel: (770) 984-2255 Email: paul.marr@marrlegal.com About Black Lion Transportation and Truck Repairs Black Lion Transportation and Truck Repairs, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-59954) on July 29, 2026, with $100,001 to $500,000 in both assets and liabilities. Paul Reece Marr, Esq., at Paul Reece Marr, PC represents the Debtor as legal counsel. BLUE STAR: Liabilities Exceed Assets by $3.0-Mil. at June 30 ------------------------------------------------------------ Blue Star Foods Corp.'s stockholder's deficit was US$3.0 million at June 30, 2026. The stockholder's deficit was US$2.4 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$1.3 million and total liabilities of US$4.3 million. At Dec. 31, 2025, the Company had total assets of US$1.4 million and total liabilities of US$3.7 million. The Company said it had an accumulated deficit and a working capital deficit, which together raise substantial doubt as to its ability to continue as a going concern. The Company's ability to continue as a going concern depends on increasing revenues, executing its business plan to acquire complementary companies, raising additional capital, and sustaining adequate working capital to finance operations. Failure to achieve necessary levels of profitability and cash flows would be detrimental to the Company, and the consolidated financial statements do not include any adjustments that might be required if the Company is unable to continue as a going concern. A full-text copy of the Form 10-Q is available at https://tinyurl.com/3jmyas9u About Blue Star Foods Blue Star Foods Corp. is a seafood-focused company that sources, processes, and distributes seafood products. The Company is pursuing a strategy that includes acquiring complementary businesses to expand its operations and strengthen its position within the seafood and broader food industry. BOATWORKS AT TAHOE: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Boatworks at Tahoe LLC 760 North Lake Boulevard Tahoe City, CA 96145 Business Description: Boatworks at Tahoe LLC owns and operates the Boatworks at Lake Tahoe property in Tahoe City, California, a mixed-use destination comprising a retail village with shops and other businesses, waterfront dining establishments, and the 34-room Inn at Boatworks. Chapter 11 Petition Date: August 11, 2026 Court: United States Bankruptcy Court Eastern District of California Case No.: 26-24577 Judge: Hon. Corrine Bielejeski Debtor's Counsel: Reno Fernandec, Esq. BINDER MALTER HARRIS ROME-BANKS LLP 490 Chadbourne Road, Suite A137 Fairfield CA 94534 Tel: (408) 295-1700 E-mail: reno@bindermalter.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Margaret Marie Murphy as Manager of Sole Member and Manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/O6H6HSY/Boatworks_at_Tahoe_LLC__caebke-26-24577__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. County of Placer, California Transient $324,366 2976 Richardson Drive Occupancy Tax Auburn, CA 95603 Tel: (530) 889-4300 2. Nichols Consulting Engineering $209,928 Engineers, CHTD. 300 E. 2nd Street Suite 1210 Reno, NV 89501 Tel: (775) 329-4955 3. Tahoe City Public Water & Sewer $111,949 Utility District PO Box 5309 Tahoe City, CA 96145 Tel: (530) 583-3796 4. Bryan Cave Leighton Legal Services $103,195 Paisner LLP PO Box 7411586 Chicago, IL 60674 Tel: (415) 675-3400 5. SB Architects Architects $47,755 Attn: Bruce Wright, Agent 415 Jackson Street Suite 100 San Francisco, CA 94111 Tel: (415) 249-1466 6. Delagnes, Mitchell & Legal Services $45,500 Linder, LLP 300 Montgomery Street Suite 1050 San Francisco, CA 94104 Tel: (415) 983-0500 7. County of Placer, California Permit Fees $41,973 Community Development Resource Agency 3091 County Center Drive Auburn, CA 95603 Tel: (530) 745-3000 8. 911 Restoration of Reno Tahoe Restoration $25,343 59 Damonte Ranch Parkway Services Suite B187 Vc Highlands, NV 89521 Tel: (775) 419-0116 9. Liberty Utilities Electricity & Water $22,387 (CalPeco Electric) LLC PO Box 60144 City of Industry, CA 91716 Tel: (800) 782-2506 10. Tahoe Truckee Disposal Co., Inc. Waste Removal $22,387 dba Tahoe Truckee Sierra Disposal PO Box 6479 Tahoe City, CA 96145 Tel: (530) 583-7800 11. Rock & Rose Inc. Landscaping $17,756 Attn: Erik Neu, Agent 10739 Glenshire Drive Truckee, CA 96161 Tel: (530) 550-7744 12. Feldman Thiel LLP Legal Services $15,197 PO Box 1309 Zephyr Cove, NV 89448 Tel: (775) 580-7431 13. Booking.com (USA) Inc. Booking Commissions $12,786 PO Box 740401 Los Angeles, CA 90074 Tel: (888) 850-3958 14. Alsco, Inc. Uniforms $8,204 2535 East 5th Street Reno, NV 89512 Tel: (415) 704-6071 15. TripTease Inc. Booking Commissions $8,193 PO Box 83045 Woburn, MA 01813 Tel: (888) 643-4732 16. Summit Fire & Security LLC Fire Protection $6,940 PO Box 855227 Services Minneapolis, MN 55485 Tel: (888) 229-4146 17. Millennium Planning & Planning, $6,000 Engineering Engineering, Attn: Robert Wood, Agent and Surveying 159 South Auburn Street Grass Valley, CA 95945 Tel: (530) 446-6765 18. Rentokil North America, Inc. Pest Control $5,907 dba Western Exterminator Company PO Box 740608 Cincinnati, OH 45274 Tel: (775) 827-4333 19. Remy Moose Manley, LLP Legal Services $5,520 555 Capitol Mall Suite 800 Sacramento, CA 95814 Tel: (916) 443-2745 20. Tahoe Supply Company LLC Janitorial Supplies $4,623 3315 Research Way Carson City, NV 89706 Tel: (775) 883-5588 BOOKING HOLDINGS: Debts Exceed Assets by $10.8-Bil. at June 30 -------------------------------------------------------------- Booking Holdings Inc.'s stockholder's deficit was US$10.8 billion at June 30, 2026. The stockholder's deficit was US$5.6 billion at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$29.7 billion and total liabilities of US$40.5 billion. At Dec. 31, 2025, the Company had total assets of US$29.3 billion and total liabilities of US$34.8 billion. At June 30, 2026, the Company had US$17.7 billion in cash, cash equivalents, and investments, of which approximately US$14.7 billion is held by its international subsidiaries. Cash, cash equivalents, and long-term investments held by the Company's international subsidiaries are denominated primarily in Euros, British Pounds Sterling, and U.S. Dollars. The Company's investment policy seeks to preserve capital and maintain sufficient liquidity to meet operational and other needs of the business. The Company discloses that deferred merchant bookings of US$10.1 billion at June 30, 2026, includes cash payments received from travelers in advance of the Company completing its performance obligations and are comprised principally of amounts estimated to be payable to travel service providers, as well as the Company's estimated future revenue for its commission or margin and fees. The amounts are mostly subject to refunds for cancellations. The Company said: "Our primary source of funds for operations is the cash flow that we generate from operations. We use our cash for a variety of needs, including ongoing investments in our business, share repurchases, dividends, repayment of debt, and capital expenditures. Our continued access to sources of liquidity depends on multiple factors." "Our financial results and prospects are almost entirely dependent on facilitating the sale of travel-related services, and our most significant operating expenses are marketing, personnel, and sales and other expenses. We believe that our existing cash balances, liquid resources, and access to capital markets will be sufficient to fund our operating activities and other obligations in the short term and into the foreseeable future." A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=SnrVoH About Booking Holdings Booking Holdings Inc. is a global provider of online travel and related services, operating leading digital platforms that connect travelers with accommodations, transportation options, and travel experiences worldwide. The Company serves consumers and travel partners by facilitating reservations and payments across a broad portfolio of travel brands. BRASS WORKS: Amends ASVRF Secured Claim Pay ------------------------------------------- Brass Works Urban Renewal Company, LLC submitted a First Amended Disclosure Statement for Plan of Reorganization dated August 3, 2026. The Debtor is a New Jersey limited liability company formed to own and manage membership interests in the entity that owns The Cliffs, a luxury residential rental property in Jersey City with approved plans for condominium conversion. The proposed Chapter 11 plan is intended to maximize value for all stakeholders by avoiding a foreclosure sale of the Debtor's Class A membership interest. According to the Debtor, if the automatic stay were lifted and ASVRF's scheduled foreclosure sale proceeded, the membership interest could be sold for less than fair market value, potentially benefiting ASVRF while significantly reducing or eliminating value for other creditors and equity holders. The Debtor estimates that its equity interest is worth approximately $60 million. The plan proposes to: * Pay all creditors in full. * Cure all defaults and restore the Debtor's managerial rights under the LLC Agreement. * Redeem ASVRF's Class B membership interests using proceeds from refinancing. * Preserve approximately $60 million in equity value for the existing Class A equity holders. The Debtor values the completed and stabilized The Cliffs project at approximately $150 million, based on an offering memorandum prepared by its real estate advisor. Under the proposed refinancing: * Approximately $55 million would repay the senior mortgage. * Approximately $30 million would cure defaults and redeem ASVRF's Class B membership interests. * The remaining value would leave approximately $60 million in equity attributable to the Debtor's retained Class A membership interests. The Debtor's stated reorganization objectives are to: * Emerge from Chapter 11 promptly. * Cure all defaults and restore its managerial and contractual rights. * Redeem ASVRF's Class B membership interests at the agreed redemption price through refinancing. * Pay all secured and unsecured creditors in full. * Preserve 100% of the current equity ownership. * Complete the condominium conversion and stabilize the project at its projected value. The plan contains three unimpaired classes: * Class 1 ASVRF Secured Claim: The secured claim, stated to be at least $34.7 million plus accrued fees and interest, will be reinstated and ultimately satisfied. The Debtor's managerial rights will be restored, allowing it to redeem ASVRF's Class B membership interests and remove the prohibition on condominium conversion. * Class 2 General Unsecured Claims: Estimated at approximately $1.9 million, these claims will be paid in full in cash, together with interest at the federal judgment rate. * Class 3 Equity Interests: Existing equity holders will retain all of their ownership and governance rights without change. To finance the plan, the Debtor is seeking $105 million in refinancing, which it states will provide sufficient funds to satisfy all plan obligations, including repayment of creditors and redemption of ASVRF's Class B interests. On the plan's effective date, administrative, priority, and unsecured claims will be paid in full, the ASVRF secured claim will be cured and reinstated, the Debtor's management rights will be restored, ASVRF's Class B membership interests will be redeemed through refinancing or sale proceeds, and existing equity interests will be retained. The plan is expected to be funded primarily through refinancing of The Cliffs, with additional contributions from the Debtor's principals if necessary. The Debtor states that the proposed financing is sufficient to pay all creditors, redeem ASVRF's Class B interests, satisfy the project's mortgage, preserve approximately $60 million in equity value, and support the company's long-term viability. A full-text copy of the First Amended Disclosure Statement dated August 3, 2026 is available at https://urlcurt.com/u?l=fMvhzx from PacerMonitor.com at no charge. The Debtor's Counsel: Andreas Koutsoudakis, Esq. DAVIDOFF HUTCHER & CITRON LLP 605 Third Avenue New York, NY 10158 Tel: 212-557-7200 Fax: 212 286 1884 E-mail: aak@dhclegal.com About Brass Works Urban Renewal Company Brass Works Urban Renewal Company, LLC, is a Jersey City, New Jersey-based real estate company associated with The Cliffs Lofts, a 120-unit residential building in Jersey City. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-15809) on May 22, 2026, with $50 million to $100 million in assets and $10 million to $50 million in liabilities. Robert M. Greer, manager, signed the petition. Andreas Koutsoudakis, at DAVIDOFF HUTCHER & CITRON LLP, is serving as the Debtor's legal counsel. BRIGHT MOUNTAIN: Centre Lane, 10th Lane Disclose Equity Stakes -------------------------------------------------------------- Centre Lane Partners Master Credit Fund II, L.P. and 10th Lane Partners, LP, disclosed in a Schedule 13G (Amendment No. 5) filed with the U.S. Securities and Exchange Commission, that, as of June 30, 2026, they beneficially own the following of Bright Mountain Media, Inc.'s Common Stock, par value $0.01 per share: * 10th Lane Partners, LP: 50,179,827 shares (26.8%), with sole voting power and sole dispositive power. * Centre Lane Partners Master Credit Fund II, L.P.: 23,775,843 shares (12.7%), with sole voting power and sole dispositive power. 10th Lane Partners, LP is the investment advisor for BV Agency, LLC (which directly holds 26,403,984 shares) and Centre Lane Partners Master Credit Fund II, L.P., and has sole voting and dispositive power over the shares. Each of BV and Centre Lane has the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities it holds of record. The ownership percentages are based on 186,936,398 shares of Common Stock outstanding as of July 30, 2026. Centre Lane Partners Master Credit Fund II, L.P. may be reached through Brian Dillon (Chief Compliance Officer) 10th Lane Partners, LP 60 East 42nd Street Suite 2220 New York, NY 10165 Tel: 646-843-0710 A full-text copy of Centre Lane's SEC Report is available at https://tinyurl.com/3t95pu6x. About Bright Mountain Bright Mountain Media, Inc. (together with its wholly-owned subsidiaries) is an end-to-end marketing services company that helps brands with the right audiences, at the right time, with the right message, both effectively and efficiently, by removing the middlemen in the marketing workflow. The Company's end-to-end offerings combine consumer insights with creative services, media services, and advertising technology to deliver solutions to improve audience fidelity for brands. The Company focuses on digital publishing, advertising technology, consumer insights, creative services, and media services. New York, New York-based WithumSmith+Brown, PC, the Company's auditor since 2021, issued a "going concern" qualification in its report dated March 24, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025. The report cited that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company had $34.2 million in total assets, $115.3 million in total liabilities, and $81.1 million in total stockholders' deficit. BRIGHTMARK PLASTICS: Pauses Plastics-to-Fuel Plant After Ch.11 Exit ------------------------------------------------------------------- Don Loepp of Plastic News reports that Brightmark Plastics Renewal LLC has temporarily halted plastics-to-fuel operations at its Ashley, Ind., facility, citing a need to reevaluate the plant's technology, operating model and future strategy. The decision follows the facility's passage through Chapter 11 proceedings and a subsequent effort by Brightmark to improve its performance. The Ashley plant was launched as a major plastics-to-fuel project intended to process mixed plastic waste at commercial scale. Brightmark developed the facility around a pyrolysis process that converts post-use plastics into usable hydrocarbon materials rather than sending them to landfills or incineration, according to Law360. Brightmark maintained ownership during the bankruptcy process and ultimately retained the facility after a competitive auction. In announcing the result, the company said it would focus on improving operations and performance at Ashley, including implementing new operational leadership, the report relays. The temporary suspension represents a fresh review of whether the plant’s technology and operating approach can support its long-term objectives. Brightmark continues to operate its broader plastics-renewal business and lists Ashley as one of its circularity centers, with the company developing additional recycling solutions for difficult-to-recycle plastics, Plastic News reports. About Brightmark Plastics Renewal Brightmark Plastics Renewal LLC utilize proprietary processes and licensed technology to convert hard-to-recycle plastic waste into valuable chemical feedstocks that can be used to make new plastics. This innovative approach helps reduce plastic waste by repurposing hydrocarbons that would otherwise end up in landfills, contributing to a more sustainable environment. Brightmark Plastics Renewal and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-10472) on March 16, 2025. In the petitions signed by Craig R. Jalbert, chief restructuring officer, Brightmark Plastics Renewal disclosed up to $500 million in both assets and liabilities. Judge Laurie Selber Silverstein oversees the case. The Debtors tapped Potter Anderson & Corroon, LLP as bankruptcy counsel, SSG Capital Advisors, LLC as investment banker, and Verdolino & Lowey, PC as restructuring advisor. Omni Agent Solutions, Inc. is the claims, noticing and solicitation agent. BROOKFIELD PROPERTIES: Republic Plaza Heads Towards Receivership ---------------------------------------------------------------- Catie Cheshire of Denver Business Journal reports that the lender behind the financing for Republic Plaza has taken legal steps toward receivership, with U.S. National Bank Association asking a court to appoint a receiver for the 56-story Denver office tower. The owners appear willing to surrender the property to the lender, according to a recent report to mortgage-backed securities investors. Republic Plaza's financial problems have intensified as its occupancy has fallen sharply. The tower, once about 95% occupied, is now approximately 70% occupied, adding to the challenges facing its owners as Denver's downtown office market continues to contend with weaker demand, the report states. If approved, the receivership would transfer control of the property to a court-appointed receiver. The receiver would oversee operations and preserve the asset while the lender and other stakeholders determine how to address the default and the property's debt, the report states. The proceedings highlight the growing financial pressure on major Denver office buildings. Republic Plaza's potential transition into receivership could ultimately lead to a restructuring, sale or other disposition of the property as the lender seeks to resolve the troubled investment, according to report. About Brookfield Properties Brookfield Properties -- https://www.brookfieldproperties.com/en.html -- is a multifamily services company, providing asset and property management across the North America. * * * * Republic Plaza is owned by Brookfield Properties and Metlife. Following the owners' March 2026 default on a $134 million loan, the lender has asked the court to appoint a receiver to assume control of the property. BROWN VILLAGE: Hires Milton D. Jones Esq. as Bankruptcy Counsel --------------------------------------------------------------- Brown Village Apartments LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Milton D. Jones, Esq. as counsel. The firm's services include: (a) prepare pleading and applications; (b) conduct examination; (c) advise the Debtor of their rights, duties and obligations as Debtor-in-possession; (d) consult and represent the Debtor with respect to a Chapter 11 plan; (e) perform legal services incidental and necessary to the day-today operation of the Debtor's business; and (f) take any and all other action incident to the proper preservation and administration of the Debtor's estate and business. The firm will be paid at these rates: Attorneys $450 per hour Legal Assistants $150 per hour The firm will be paid a retainer in the amount of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Jones disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Milton D. Jones, Esq. 12252 Styron Drive Hampton, GA 30228 Tel: (770) 899-8486 Email: miltondjonesatty@gmail.com About Brown Village Apartments LLC Brown Village Apartments LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-59886) on July 29, 2026, listing $10,000,001 to $50 million in both assets and liabilities. Milton D. Jones, Esq. serves as the Debtor's counsel. CAMEO FABRICATORS: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas granted Cameo Fabricators, Inc. interim approval to use cash collateral. Under the interim order, the Debtor may spend cash collateral only on the line items and amounts specified in the approved budget, with a permitted 10% variance unless the Court provides further authorization. Importantly, the court prohibited the payment of insider salaries at this stage. The Debtor has until August 24 to file complete bankruptcy schedules, after which the Court may consider authorizing insider payments. As adequate protection under Bankruptcy Code section 361 and 363(e), the Debtor grants the secured creditor(s) replacement liens on all property of the estate, whether currently owned or acquired post-petition, and the proceeds thereof. These replacement liens have the same extent and priority as the secured party's valid, perfected, and unavoidable prepetition liens, but do not expand those rights. The court emphasized that the order does not determine the validity, enforceability, perfection, priority, or extent of any secured creditor's lien. The interim authorization is limited to cash-collateral use necessary to prevent immediate and irreparable harm to the estate under Bankruptcy Rule 4001(b)(2). The final hearing is scheduled for August 25. A copy of the court's order is available at https://h1.nu/1Bgkt from PacerMonitor.com. About Cameo Fabricators, Inc. Cameo Fabricators, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-35645) with $1 million to $10 million in both assets and laibilities. The petition was signed by Sarah Heller as treasurer. Judge Hon. Jeffrey P Norman oversees the case. The Debtor is represented by: Donald L Wyatt Attorney Donald Wyatt PC Tel: 281-419-8733 Email: don.wyatt@wyattpc.com CAMP MYSTIC: Paid Nearly $300K to Eastland Family Members --------------------------------------------------------- Lucio Vasquez of Houston Public Media reports that Camp Mystic's revenue nearly halved following the deadly July 2025 flood, while newly filed bankruptcy records show that members of the Eastland family received nearly $300,000 in compensation after the disaster. The century-old Christian girls' summer camp reported approximately $5.7 million in revenue in 2025, down from $11.2 million in 2024. Revenue dropped further in the first half of 2026, with just over $111,000 reported before the camp filed for Chapter 11 protection on June 24. The bankruptcy filing offers a detailed look at the camp's finances as it faces wrongful death lawsuits stemming from the flood, which killed more than 130 people in the region, including 25 campers and two counselors at Camp Mystic. Camp owner and executive director Dick Eastland also died in the disaster. The Eastland family has operated the camp for three generations. Camp Mystic said some financial records were damaged by the flood, requiring advisers to reconstruct portions of its financial information, the report relays. The filing also disclosed approximately $774,000 in payments and transfers benefiting insiders between June 2025 and April 2026. About $480,000 went to Natural Fountains Properties Inc., an affiliated company that owns property used by the camp. Camp Mystic paid the company $80,000 per month in rent from July through December 2025. Members of the Eastland family also continued receiving compensation, with Edward Eastland receiving about $69,800, George Eastland about $60,300 and Richard Eastland Jr. approximately $59,200. Including payments to their spouses, six family members received nearly $300,000, according to report. Camp Mystic reported nearly $7.9 million in assets, while Natural Fountains reported about $17.4 million, bringing their combined assets to roughly $25.3 million. Their listed liabilities totaled approximately $8.9 million, excluding potential damages from wrongful death claims, which remain undetermined. The companies’ Chapter 11 cases generally put litigation on hold while they consider restructuring or asset sales. Parents of children who died in the flood have been appointed to an unsecured creditors committee that can examine the companies' finances and participate in the restructuring process. About Camp Mystic Camp Mystic is a Texas-based girls' summer camp that has operated since 1926 in Hunt. The organization offers a variety of youth development programs, including sports, arts, outdoor adventures, and leadership activities, with a mission centered on personal growth, character building, and Christian values. Camp Mystic sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90621) on June 24, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million, while liabilities are projected to range from $10 million to $50 million. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Martin A. Sosland, Esq., of Vartabedian Katz Hester & Haynes LLP. CARDINAL WASTE: Case Summary & 18 Unsecured Creditors ----------------------------------------------------- Debtor: Cardinal Waste, LLC 855 Sterling Creek Court Lexington, SC 29072 Business Description: Cardinal Waste Services provides commercial roll-off dumpster rental, waste hauling and disposal, construction cleanup, and demolition-related services. The company delivers and removes dumpsters and provides site cleanup, including grapple truck removal. It serves homebuilders, contractors, roofers, and other businesses across Greenville-Spartanburg, South Carolina; Augusta, Georgia; and Columbia, South Carolina. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court District of South Carolina Case No.: 26-03579 Judge: Elisabetta Gm Gasparini Debtor's Counsel: Michael M Beal, Esq. BEAL LLC 1301 Gervais St, Suite 1040 Columbia, SC 29201 E-mail: mbeal@bealllc.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Christopher Daniel Ford as managing member. A full-text copy of the petition, which includes a list of the Debtor's 18 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/74I7JVQ/Cardinal_Waste_LLC__scbke-26-03579__0001.0.pdf?mcid=tGE4TAMA CARDINAL WASTE: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the District of South Carolina granted Cardinal Waste, LLC approval to use cash collateral on an interim basis. Under the interim order, the Debtor is authorized to use cash collateral only for ordinary and necessary operating expenses based on the approved interim budget. The Debtor must comply with the interim budget and may make reasonable variances of up to 15% for individual budget line items, provided that total interim-period expenses do not exceed the overall budgeted amount unless otherwise approved by the Court or agreed to by the affected creditor. Cardinal Waste must also make reasonable efforts to allocate its post-petition revenues and expenses between itself and Ford Business Holdings, LLC. As adequate protection, Commercial Credit Group (CCG) receives a replacement lien and security interest in the Debtor's post-petition assets to the extent that the value of CCG's pre-petition collateral is reduced or diminished. The replacement lien has the same amount, extent, validity, enforceability, and priority as CCG's pre-petition liens, but does not create liens on asset types in which CCG did not previously have a valid, perfected, enforceable, and non-avoidable lien. The order preserves all parties' rights to challenge the validity, priority, perfection, or extent of CCG's liens. Professional fees remain subject to applicable bankruptcy rules and further Court authorization. The final hearing is scheduled for September 1. Any objection to continued cash-collateral use or the final order must be filed by August 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/2wIZS from PacerMonitor.com. About Cardinal Waste, LLC Cardinal Waste, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. S.C. Case No. 26-03579) with $1,000,001 to $10 million in both assets and laibilities. Judge Hon. Elisabetta Gm Gasparini oversees the case. The Debtor is represented by: Michael M. Beal Beal, LLC Tel: 803-728-0803 Email: mbeal@bealllc.com CAROLINA FITNESS: Hires Finley Group as Financial Advisor --------------------------------------------------------- Carolina Fitness Equipment, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ Finley Group as financial advisor. The firm will provide these services: -- complete process of importing fixed assets into NetSuite and ensure related activity flows through financial statements properly; -- provide guidance and assistance in processing payroll; -- assist in closing FY25 financials statements and providing information to tax advisors for the completion of FY25 tax return; -- completing reports requested by lenders; -- assist with plan formulation and negotiations with creditors; -- assist with such other matters as may be requested that fall within Finley's expertise and benefit the overall strategic goals of the Company. The firm will be paid at these rates: Matthew W. Smith $525 per hour Tim Moellering $275 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Smith disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matthew W. Smith The Finley Group 212 South Tryon Street, Suite 1050 Charlotte, NC 28202 Tel: (704) 375-7542 About Carolina Fitness Equipment, LLC Carolina Fitness Equipment, LLC sells new and used commercial and residential fitness equipment and provides installation, delivery, and maintenance services from its Belmont, North Carolina location to customers throughout the Carolinas and nearby areas. Carolina Fitness Equipment, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D.N.C. Case No. 26-30091) on January 25, 2026. The company reports estimated assets and liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Laura T. Beyer oversees the case. The Debtor is represented by Cole Hayes, Esq. CARRIAGE SQUARE: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Tennessee, Nashville division, granted Carriage Square, LLC approval to use cash collateral. The order authorized the Debtor to use cash collateral from the petition date through August 21, including accounts receivable, inventory-sale proceeds, and other funds constituting cash collateral. As adequate protection, the Debtor must maintain a positive balance in its DIP account and grant Pinnacle Bank replacement liens on post-petition receipts, accounts receivable, inventory, and other property acquired after the petition date. If these liens are insufficient to protect Pinnacle against any decline in collateral value, Pinnacle will receive a contingent administrative claim under Section 507(b), subject to the limitations stated in the order. The Debtor must also make an initial adequate-protection payment of $2,500 by August 14 into the Debtor's counsel trust account. The funds will remain in trust during the objection period and will be released to Pinnacle if no timely objection is filed. Any objection must be filed within 14 days after entry of the order; otherwise, the adequate-protection provisions will become final without another hearing. The next hearing is scheduled for August 18. Objections are due by August 17. A copy of the court's order is available at https://shorturl.at/63flT from PacerMonitor.com. About Carriage Square LLC Carriage Square LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 26-03577) on July 28, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Henry E. Hildebrand, Esq. at Dunham Hildebrand Payne Waldron, PLLC represents the Debtor as legal counsel. CARTA FINISHING: Mark Shapiro Named Subchapter V Trustee -------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed Mark Shapiro of Steinberg, Shapiro & Clark as Subchapter V trustee for Carta Finishing, LLC. Mr. Shapiro 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. Shapiro declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Mark H. Shapiro Steinberg, Shapiro & Clark 25925 Telegraph Rd., Ste. 203 Southfield, MI 48033 Phone: (248) 352-4700 Email: shapiro@steinbergshapiro.com Carta Finishing LLC Carta Finishing LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-48727) on August 4, 2026, with $0 to $50,000 in assets and $1,000,001 to $10 million in liabilities. Judge Lisa S. Gretchko presides over the case. John J. Stockdale, Jr., Esq. represents the Debtor as legal counsel. CASEY 281 BROOKHOLLOW: Hires Munsch Hardt Kopf as Counsel --------------------------------------------------------- Casey 281 Brookhollow LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Munsch Hardt Kopf & Harr, P.C. as counsel. The firm will provide these services: a. serve as attorneys of record for the Debtor and to provide representation and legal advice with respect to the Debtor's powers and duties as debtor in possession in the continued operation of the Debtor's business; b. assist the Debtor in carrying out its duties under the Bankruptcy Code, including advising the Debtor of such duties, its obligations, and its legal rights; c. take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections, as necessary, to relief sought and claims filed against the Debtor's estate; d. consult with the United States Trustee, any statutory committee that may be formed, and all other creditors and parties in interest concerning administration of this Bankruptcy Case; e. assist in potential sales of the Debtor's assets; f. prepare on behalf of the Debtor all motions, applications, answers, orders, reports, and other legal papers and documents to further the Debtor's estate's interests and objections, to assist the Debtor in preparation of schedules, statements, and reports, and to represent the Debtor and its estate at all related hearings and at all related meetings of creditors, United States Trustee interviews, and the like; g. assist the Debtor in connection with preparing and refining its chapter 11 plan and disclosure statement, and/or all related agreements and documents necessary to facilitate an exit from this Bankruptcy Case, take appropriate action on behalf of the Debtor to obtain confirmation of such plan, and take such further actions as may be required in connection with the implementation of such plan; h. assist the Debtor in analyzing and appropriately treating the claims of creditors, including objecting to claims and trying claim objections; i. appear before this Court and any appellate courts or other courts having jurisdiction over any matter associated with this Bankruptcy Case; and j. perform all other legal services and provide all other legal advice to the Debtor as may be required or deemed to be in the interest of its estate in accordance with the Debtor's rights and duties as set forth in the Bankruptcy Code. The firm will be paid at these hourly rates: Davor Rukavina, Shareholder $900 Garrick Smith, Shareholder $640 Jonathan Petree, Associate $520 Kyle Jaksa, Associate $510 Heather Valentine, Paralegal $250 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Smith disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Davor Rukavina, Esq. Garrick C. Smith, Esq. Jonathan S. Petree, Esq. Munsch Hardt Kopf & Harr, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201-6659 Telephone: (214) 855-7500 E-mail: drukavina@munsch.com gsmith@munsch.com jpetree@munsch.com About Casey 281 Brookhollow LLC Casey 281 Brookhollow LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 26-42977) on July 6, 2026, disclosing under $1 million in both assets and liabilities. The Debtor is represented by MUNSCH HARDT KOPF & HARR, P.C. CASHCALL INC: Hires Manatt Phelps & Phillips LLP as Counsel ----------------------------------------------------------- CashCall, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of California to employ Manatt, Phelps & Phillips, LLP as counsel. The firm's services include: a. advising the Debtor in connection with its rights, powers, and duties as debtor-in-possession in the continued management and operation of its business and properties; b. negotiating and preparing all necessary agreements, motions, and other documents in connection with debtor-in-possession financing and use of cash collateral; c. attending meetings and negotiating with representatives of creditors and other parties-in-interest; d. taking necessary action to protect and preserve the Debtor's estate, including prosecuting actions on behalf of the Debtor, defending any action commenced against the Debtor, and representing the Debtor's interests in negotiations concerning litigation in which the Debtor is involved, including but not limited to objections to claims filed against the estate; e. preparing all necessary motions, applications, answers, orders, reports, and papers in support of positions taken by the Debtor and necessary to the administration of the estate; f. negotiating and preparing a plan of reorganization and all related documents; g. advising the Debtor in connection with any sale of assets; h. advising the Debtor on the engagement of professionals necessary to fulfilling their responsibilities and financial requirements and other documents required under the Bankruptcy Code; i. appearing before this Court and any appellate courts in connection with this chapter 11 case; and j. performing other necessary legal services and providing all other necessary legal advice to the Debtor in connection with this chapter 11 case. The firm will be paid at these hourly rates: Partner $1,205 to $2,015 Counsel $1,045 to $1,970 Associates $760 to $1,220 Staff Attorneys $260 to $1,090 Paralegal/Specialist $270 to 845 Consultants $445 to $480 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. In the year prior to the Petition Date, the firm received payments totaling $1,131,096.54. As of the Petition Date, the firm holds $5,266.54 as a retainer. Schuyler Carroll, a partner at Manatt, assured the court that the firm is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code. The firm can be reached through: Schuyler G. Carroll, Esq. Manatt, Phelps & Phillips, LLP 7 Times Square New York, NY 10036 Tel: (212) 790-4500 Email: scarroll@manatt.com About CashCall, Inc. CashCall Inc. is a California-based fintech and consumer finance company that provides online lending products, including personal loans and installment financing. Founded in 2003, the company became a prominent online lender but later faced extensive regulatory enforcement actions and litigation concerning its lending operations. CashCall Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 26-03102) on July 20, 2026. In its petition, the Debtor reports assets of $1 million to $10 million against liabilities ranging from $100 million to $500 million. Honorable Bankruptcy Judge J Barrett Marum handles the case. The Debtor is represented by Patrick L. DuBois, Esq. of Manatt, Phelps & Phillips. CELSIUS NETWORK: New Judge Weighs Customer Clawback Schedule ------------------------------------------------------------ Clara Geoghegan of Law360 Bankruptcy Authority reports that a newly assigned New York bankruptcy judge Wednesday, August 12, 2026, appeared inclined to address key legal issues involving clawback lawsuits filed against former customers of failed cryptocurrency platform Celsius Network. The cases seek to recover digital assets withdrawn by customers before Celsius filed for Chapter 11, with the court now considering how the litigation should move forward. More than 1,000 former customers have raised common defenses to the clawback actions, creating questions over whether those issues can be handled together. Celsius' estate has pursued claims involving customers who withdrew cryptocurrency during the 90-day period before the company's bankruptcy, while defendants continue to challenge the estate's efforts to recover those assets, the report states. The judge's review could establish a timetable for resolving the remaining cases and determine which issues should be addressed first. The proceedings follow earlier rulings concerning Celsius' ability to pursue clawbacks against customers, adding another significant step to the cryptocurrency lender's lengthy bankruptcy litigation, according to Law360. About Celsius Network Celsius Network LLC -- http://www.celsius.network/-- is a financial services company that generates revenue through cryptocurrency trading, lending, and borrowing, as well as by engaging in proprietary trading. Celsius helps over a million customers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Celsius has a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions. The Celsius Wallet claims to be one of the only online crypto wallets designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins (when they're lent out). Crypto lenders such as Celsius boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks. But the lenders' business model came under scrutiny after a sharp sell-off in the crypto market spurred by the collapse of major tokens terraUSD and luna in May 2022. New Jersey-based Celsius froze withdrawals in June 2022, citing "extreme" market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market. The list of major crypto firms that have filed for bankruptcy protection in 2022 now includes Celsius Network, Three Arrows Capital and Voyager Digital. Celsius Network, LLC and its subsidiaries sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex Mashinsky, the Debtors estimated assets and liabilities between $1 billion and $10 billion. The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsels; Fischer (FBC & Co.) as special counsel; Centerview Partners, LLC as investment banker; and Alvarez & Marsal North America, LLC as financial advisor. Stretto is the claims agent and administrative advisor. On July 27, 2022, the U.S. Trustee appointed an official committee of unsecured creditors. The committee tapped White & Case, LLP as its bankruptcy counsel; Elementus Inc. as its blockchain forensics advisor; M3 Advisory Partners, LP as its financial advisor; and Perella Weinberg Partners, LP as its investment banker. Shoba Pillay, Esq., is the examiner appointed in the Debtors' Chapter 11 cases. Jenner & Block, LLP and Huron Consulting Services, LLC, serve as the examiner's legal counsel and financial advisor, respectively. * * * On November 9, 2023, the Bankruptcy Court entered the Findings of Fact, Conclusions of Law, and Order Confirming the Modified Joint Chapter 11 Plan of Celsius Network LLC and Its Debtor Affiliates. The Effective Date of the Plan occurred January 31, 2024. CLEANER GUYS: Hires Cairncross & Hempelmann as Counsel ------------------------------------------------------ Cleaner Guys, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to employ Cairncross & Hempelmann, P.S. as counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Steven M. Palmer, an attorney and shareholder of Cairncross, will charge $650 per hour, associates will charge $415 per hour, and paralegals will charge $275 per hour for services rendered. The firm received a retainer in the amount of $11,738 from the Debtor. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Palmer disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Steven M. Palmer, Esq. Cairncross & Hempelmann, P.S. 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 E-mail: spalmer@cairncross.com About Cleaner Guys, LLC Cleaner Guys, LLC is a Mount Vernon, Washington-based provider of property damage restoration and remediation services. The company specializes in fire, water, and mold damage restoration and continues to operate as a debtor-in-possession, serving residential and commercial customers throughout the Seattle region. As of April 2026, the business employed approximately 20 people. Cleaner Guys, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12245) on July 10, 2026. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Steven M. Palmer, Esq., of Cairncross & Hempelmann, P.S. COGENT COMMUNICATIONS: S&P Downgrades ICR to 'B-', Outlook Stable ----------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Cogent Communications Group LLC to 'B-' from 'B'. S&P said, "At the same time, we lowered our issue-level rating on the senior secured notes to 'B+' from 'BB-' and our issue-level rating on the unsecured notes to 'B-' from 'B'. "The stable outlook reflects our expectation that Cogent will continue to grow its Wavelength business and generate sustainable positive free cash flow even after its payments from T-Mobile come to an end." Cogent has expanded its Wavelength business at a slower-than-expected pace, rendering it unable to offset the declines from its corporate business. The company's S&P Global Ratings-adjusted leverage was 7.7x for the 12-months ended June 30, 2026, and S&P forecasts its leverage will remain elevated well above 6.0x on a sustained basis. S&P said, "We expect Cogent's leverage will remain above our 6x downside threshold for the 'B' rating through 2026. The company has faced challenges offsetting the declines in its off-net revenue with growth in its on-net and Wavelength products. The Wavelength business, in particular, has underperformed expectations for the last few quarters. While we forecast the company's expansion of this business will accelerate in 2027, we do not expect it will grow fast enough to enable management to sustain leverage of below 6x. Cogent also recently announced a 6% headcount reduction and cost actions aimed at reducing its supplier costs, both of which will likely benefit its profitability and cash generation. However, even though we forecast the company will reduce its leverage below 6x in 2027, we believe this will only be temporary and anticipate its leverage will rise back above our 6x threshold in 2028 when it stops receiving payments from T-Mobile." T-Mobile has been making payments to Cogent for several years related to its acquisition of the legacy Sprint wireline business. These payments have accounted for about $100 million of the company's EBITDA for each of the past few years and will account for about $91 million in 2027. After 2027, Cogent will no longer receive these payments, which will have a material impact on its EBITDA. If the company cannot outperform our base-case forecast and accelerate its revenue growth prior to the cessation of these payments, S&P expects its leverage would increase back above our downside threshold. S&P said, "Under our base case, we assume Cogent's cash flow is pressured, leading to negative free operating cash flow (FOCF) in 2026. The company's FOCF to debt remains below 5% through 2028 under our forecast, which incorporates a slower-than-previously expect decline in its capital expenditure (capex) due to price increases. Cogent has little room for an underperformance to generate positive reported FOCF in 2028. Still, we note that the company's credit metrics could outperform our base case if it further monetizes its data center assets and uses the proceeds to reduce its debt balance." The company has near term maturity risk. Cogent has about $750 million of unsecured debt due in June 2027. The company announced on its earnings call that it was working towards a refinancing transaction, which they expect to complete before the end of the third quarter. While S&P expects the interest rate on the new debt will be modestly higher than on the existing notes, it forecasts a reduction in Cogent's total interest expense due to the decline in its total debt outstanding. Cogent recently used proceeds from the sale of data center assets to repurchase about $139 million of its 2032 secured notes in the open market. S&P said, "The stable outlook reflects our expectation that Cogent will continue to grow its Wavelength business and generate sustainable positive free cash flow even after its payments from T-Mobile come to an end. The outlook also incorporates our expectation that the company will successfully refinance its debt due 2027 in the near term." S&P could lower its rating on Cogent if: -- It is unable to complete the refinancing transaction in the near term, which would increase the risk of a default; or -- S&P does not believe it has a path to generate sustainably positive FOCF. S&P could raise its rating on Cogent if: -- The company reduces its leverage below 6x and maintains it at that level; and -- S&P expects it will generate FOCF to debt of at least 5% on a sustained basis. COLLABOW INC: Seeks to Hire Havkin & Shrago as Insolvency Counsel ----------------------------------------------------------------- Collabow, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Havkin & Shrago, Attorneys at Law, as general insolvency counsel. The firm will render these services: a. represent the Debtor at its Initial Debtor Interview; b. represent the Debtor at its meeting of creditors pursuant to Bankruptcy Code Sec. 341(a), or any continuance thereof; c. represent the Debtor at all hearings before the United States Bankruptcy Court involving the Debtor as a Chapter 11 debtor, debtor in possession, and as a reorganized debtor, as applicable; d. advise the Debtor regarding matters of bankruptcy law, including the Debtor's rights and remedies with respect to the Debtor's assets and the claims of its creditors: e. prepare on behalf of the Debtor, as Chapter 11 debtor and debtor in possession, is applicable, all necessary applications, motions, orders, and other legal papers; f. advise the Debtor regarding matters of bankruptcy law, including the Debtor's rights and remedies with respect to the Debtor's assets and the claims of the creditors; g. represent the Debtor with regard to all contested matters; h. represent the Debtor with regard to the preparation of a plan of reorganization and the negotiation and implementation of a plan of reorganization; i. analyze any secured, priority, or general unsecured claims that have been filed in the Debtor's bankruptcy case; j. negotiate with the Debtor's secured and unsecured creditors regarding the amount and payment of their claims; k. object to claims as may be appropriate; and l. perform all other legal services for the Debtor as a Chapter 11 debtor and debtor in possession, as applicable, as may be necessary, other than adversary proceedings which would require a further written agreement. The firm will be paid at these rates: Stella Havkin, Partner $595 per hour David Jacob, Associate $350 per hour Laura Bach, Paralegal $150 per hour The firm received a retainer in the amount of $20,000. Ms. Havkin assured the court that her firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Stella Havkin, Esq. Havkin & Shrago, Attorneys at Law 21650 Oxnard Blvd., Suite 1540 Woodland Hills, CA 91367 Phone: (818) 600-6240 Email: stella@havkinandshrago.com About Collabow Inc. Collabow, Inc. is a Los Angeles, California-based women's apparel manufacturer and wholesale distributor. The company designs, manufactures and distributes women's fashion apparel through wholesale and e-commerce channels. Court filings indicate the business employs approximately 45 to 50 full-time workers and continues serving retailers and online customers. Collabow, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-16986) on July 14, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Debtor is represented by Stella Havkin, Esq. CREATIVE REALITIES: Mink Brook Asset Management Reports 8.9% Stake ------------------------------------------------------------------ Mink Brook Asset Management LLC -- together with Mink Brook Capital GP LLC, Mink Brook Partners LP, and William Mueller -- disclosed in a Schedule 13G (Amendment No. 2) filed with the U.S. Securities and Exchange Commission, that, as of June 30, 2026, they beneficially own 1,166,954 shares of Creative Realities, Inc.'s Common Stock, with shared voting power and shared dispositive power over all 1,166,954 shares, and no sole voting or dispositive power, representing 8.9% of the Common Stock. The percentage is calculated based on 13,097,892 shares of common stock outstanding as of June 30, 2026 (as disclosed in the company's Form 424B5). All of the securities are directly owned by advisory clients of Mink Brook Asset Management LLC; none of those clients other than Mink Brook Partners LP may be deemed to beneficially own more than 5%. Each Reporting Person disclaims beneficial ownership except to the extent of their pecuniary interest. Mink Brook Asset Management LLC (and related reporting persons) may be reached through: William Mueller Mink Brook Capital GP LLC 201 Summa Street West Palm Beach, FL 33405 Tel: 314-323-0752 A full-text copy of the Mink Brook Asset Management LLC's SEC Report is available at https://tinyurl.com/yc2wpk52. About Creative Realities Headquartered in Louisville, Ky., Creative Realities -- https://cri.com/ -- designs, develops and deploys digital signage-based experiences for enterprise-level networks utilizing its Clarity, ReflectView, and iShowroom Content Management System (CMS) platforms. The Company is actively providing recurring SaaS and support services across diverse vertical markets, including but not limited to retail, automotive, digital-out-of-home (DOOH) advertising networks, convenience stores, foodservice/QSR, gaming, theater, and stadium venues. In addition, the Company assists clients in utilizing place-based digital media to achieve business objectives such as increased revenue, enhanced customer experiences, and improved productivity. This includes the design, deployment, and day to day management of Retail Media Networks to monetize on-premise foot traffic utilizing its AdLogic and AdLogic CPM+ programmatic advertising platforms. As of March 31, 2026, the Company had $138.2 million in total assets, $97.1 million in total liabilities, $28.1 million in temporary equity, and $13.1 million in total shareholders' equity. Cincinnati, Ohio-based Grant Thornton LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 15, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company is experiencing difficulty due to the accumulated deficit, negative working capital, recurring losses and use of cash in operations, which raises substantial doubt about its ability to continue as a going concern. These conditions, along with other matters, raise substantial doubt about the Company's ability to continue as a going concern. CRESCENT CO-OP: Taps Campbell Shaffer and Company as Accountant --------------------------------------------------------------- Crescent Co-Op Association seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Campbell, Shaffer and Company, PC as accountant. The firm will be performing all accounting related tasks, including preparing all of the Debtor's accounting, filing the Debtor's tax returns, preparing Monthly Operating Report and other required financial reporting requirements in this case and otherwise provide general accounting and related support needed. The firm will be paid $300 per hour for the services rendered. Marty Shaffer, a licensed CPA with Campbell, Shaffer and Company, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Marty Shaffer, CPA Campbell, Shaffer and Co., PC 518 W. Maple Ave. Enid, OK 73701 Phone: (580) 237-3521 About Crescent Co-Op Association Crescent Co-Op Association filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-12056) on June 18, 2026, listing $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. The Debtor tapped Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC and Gary D. Hammond, Esq., at Hammond Law Firm as counsel. CYTOPHIL INC: Unsecureds to Recover Between 83% to 94% in Plan -------------------------------------------------------------- Cytophil, Inc., filed with the U.S. Bankruptcy Court for the Eastern District of Wisconsin a Disclosure Statement describing Plan of Reorganization dated August 3, 2026. Cytophil, Inc. is a Delaware corporation headquartered in East Troy, Wisconsin, founded in 2005 by Dr. William "Bill" Hubbard. The company develops and manufactures medical devices for vocal, orthopedic, dental, and aesthetic implants, and also provides contract manufacturing services for other medical device companies. After operating profitably for many years with domestic and international sales, the company encountered financial difficulties due to supply chain disruptions during the COVID-19 pandemic, costly intellectual property litigation, and a dispute with Health Policy Associates (HPA) that resulted in a $583,823.94 judgment in 2023. Unable to satisfy the judgment and meet its other obligations, Cytophil filed for Chapter 11 bankruptcy on February 5, 2025, to preserve its business and reorganize. The reorganization plan is based on projected future operating income, with its primary source of revenue expected to come from a new five-year exclusive distribution agreement with InHealth Technologies for the Renu(R) Voice and Renú(R) Gel products in the United States and Canada. The agreement, contingent on plan confirmation, provides approximately a 25% increase in transfer price and projects a 58% increase in unit volume compared to the current arrangement. Upon confirmation, Cytophil intends to terminate its existing distribution agreement with AmplioVox. The company also expects to maintain its existing contract development, manufacturing (CDMO), and OEM business at current revenue levels, without assuming significant growth. The plan classifies creditors into four classes: * Class 1 General Unsecured Creditors: Estimated unsecured claims range from approximately $3.74 million to $4.20 million after elections and claim resolutions. Creditors will share $3.5 million paid over five annual distributions, with an estimated recovery of 83% to 94% if no creditors elect Class 2 treatment. * Class 2 Opt-In Unsecured Creditors: Participating creditors will receive half of their claim under Class 1, while the remaining half will be converted into new Class B common stock. The Class B stock carries 10% of voting rights, 25% of the reorganized company's net profits, the right to elect one director, and may be redeemed under specified terms within ten years. * Class 3 Existing Common Stock: Existing voting shares will be cancelled and replaced with new Class A common stock, which will retain 90% of voting rights and 75% of net profits. * Class 4 Secured Claim of the Trust: The Trust will hold a secured claim of $7,385, payable with monthly principal and interest at 8.5%, and an unsecured claim of $86,632.15, which will receive the same treatment as other Class 1 unsecured claims. Overall, the plan depends on continued operations, particularly the renewed InHealth distribution relationship for the Renu(R) product line, while maintaining stable CDMO and OEM operations to generate sufficient revenue to fund creditor payments. A full-text copy of the Disclosure Statement dated August 3, 2026 is available at https://urlcurt.com/u?l=7hQsg7 from PacerMonitor.com at no charge. Cytophil Inc. is represented by: Evan P. Schmit, Esq. Kerkman & Dunn 839 N. Jefferson St., Ste. 400 Milwaukee, WI 53202-3744 Tel: (414) 277-8200 Email: eschmit@kerkmandunn.com About Cytophil Inc. Cytophil Inc., doing business as RegenScientific, operates in the field of manufacturing medical devices. Cytophil sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Wisc. Case No. 25-20576) on February 4, 2025. In its petition, the Debtor reported total assets of $1,131,109 and total liabilities of $3,520,398 as of September 30, 2024. Judge G. Michael Halfenger handles the case. The Debtor is represented by Evan P. Schmit, Esq. at Kerkman & Dunn. DAMIS HOLDINGS: Hires AlixPartners LLP as Forensic Consultant ------------------------------------------------------------- Damis Holdings LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the District of New Jersey to hire AlixPartners, LLP as their forensic advisory consultant. The firm will render these services: a. analyze the DAMIS Debtors' historical cash transactions and financial records to determine sources and uses of cash; b. analyze intercompany transactions across the DAMIS Debtors and related parties and review accounts and related information for specific investigative inquiries; c. review and analyze closing statements for various real estate transactions; d. identify and highlight potential claims or financial issues that would be of interest to Faegre Drinker in providing legal advice to the DAMIS Debtors and/or their Chief Restructuring Officer; e. support eDiscovery obligations including in conjunction with document requests, subpoenas, or other discovery requirements, such as forensic data acquisition and analysis, data processing, monthly secure data hosting, review and analysis, and productions, and any other eDiscovery needs requested by Faegre Drinker; f. if requested by Faegre Drinker, provide expert testimony and litigation support services regarding any of the matters to which AlixPartners is providing services; and g. assist Faegre Drinker with such other matters pertaining to the provision of legal advice to the DAMIS Debtors as may be requested that fall within AlixPartners' expertise and that are mutually agreeable. AlixPartners' current standard hourly rates are: Partner/ Partner & Managing Director $1,265 to $1,590 Senior Vice President/ Director $900 to $1,175 Vice President $700 to $860 Analyst/ Consultant $265 to $660 As disclosed in the court filings, AlixPartners is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Michael P. Pompeo AlixPartners, LLP 1177 Avenue of the Americas, 43rd Floor New York, NY 10036 Phone: +1 212 248 3140 Fax: +1 212 248 3141 Email: michael.pompeo@faegredrinker.com About Damis Holdings LLC Damis Holdings, LLC is a Trumbull, Connecticut-based owner and operator of summer camp facilities and related recreational businesses operating through multiple affiliated entities. Damis Holdings and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-16439) on June 4, 2026. In their petitions, the Debtors reported assets of between $100 million and $500 million and liabilities of between $500 million and $1 billion. The Honorable Bankruptcy Judge Christine M. Gravelle handles the cases. The Debtors tapped Michael D. Sirota, Esq., at Cole Schotz P.C., as bankruptcy counsel, and B. Riley Securities, Inc. as financial advisor and investment banker. The Debtors' claims and noticing agent is Kroll Restructuring Administration, LLC. DARREN CASEY: Hires Munsch Hardt Kopf as Counsel ------------------------------------------------ Darren Casey Interests, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Munsch Hardt Kopf & Harr, P.C. as counsel. The firm will provide these services: a. serve as attorneys of record for the Debtor and to provide representation and legal advice with respect to the Debtor's powers and duties as debtor in possession in the continued operation of the Debtor's business; b. assist the Debtor in carrying out its duties under the Bankruptcy Code, including advising the Debtor of such duties, its obligations, and its legal rights; c. take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on the Debtor's behalf, the defense of actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved, and the preparation of objections, as necessary, to relief sought and claims filed against the Debtor's estate; d. consult with the United States Trustee, any statutory committee that may be formed, and all other creditors and parties in interest concerning administration of this Bankruptcy Case; e. assist in potential sales of the Debtor's assets; f. prepare on behalf of the Debtor all motions, applications, answers, orders, reports, and other legal papers and documents to further the Debtor's estate's interests and objections, to assist the Debtor in preparation of schedules, statements, and reports, and to represent the Debtor and its estate at all related hearings and at all related meetings of creditors, United States Trustee interviews, and the like; g. assist the Debtor in connection with preparing and refining its chapter 11 plan and disclosure statement, and/or all related agreements and documents necessary to facilitate an exit from this Bankruptcy Case, take appropriate action on behalf of the Debtor to obtain confirmation of such plan, and take such further actions as may be required in connection with the implementation of such plan; h. assist the Debtor in analyzing and appropriately treating the claims of creditors, including objecting to claims and trying claim objections; i. appear before this Court and any appellate courts or other courts having jurisdiction over any matter associated with this Bankruptcy Case; and j. perform all other legal services and provide all other legal advice to the Debtor as may be required or deemed to be in the interest of its estate in accordance with the Debtor's rights and duties as set forth in the Bankruptcy Code. The firm will be paid at these hourly rates: Davor Rukavina, Shareholder $900 Garrick Smith, Shareholder $640 Jonathan Petree, Associate $520 Kyle Jaksa, Associate $510 Heather Valentine, Paralegal $250 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Smith disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Davor Rukavina, Esq. Garrick C. Smith, Esq. Jonathan S. Petree, Esq. Munsch Hardt Kopf & Harr, P.C. 500 N. Akard Street, Suite 4000 Dallas, TX 75201-6659 Telephone: (214) 855-7500 E-mail: drukavina@munsch.com gsmith@munsch.com jpetree@munsch.com About Darren Casey Interests, Inc. Darren Casey Interests, Inc. in San Antonio, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-42978) on July 6, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Darren B. Casey as president, signed the petition. Judge Mark X Mullin oversees the case. MUNSCH HARDT KOPF & HARR, P.C. serve as the Debtor's legal counsel. DIOCESE OF SAN FRANCISCO: Panel Taps Claimant's Representative -------------------------------------------------------------- The Roman Catholic Archbishop of San Francisco seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ Hamid R. Rafatjoo of Raines Feldman Littrell LLP as a legal representative to unknown abuse claimants. The firm's services include: a. undertaking an investigation and analysis regarding the estimated number of Unknown Abuse Claimants and the estimated value of Unknown Abuse Claims, including filing a proof of claim(s) on behalf of Unknown Abuse Claimants; b. negotiating treatment of Unknown Abuse Claims in a plan of reorganization with the Debtor, the Committee, and other appropriate parties, and casting a ballot on the plan on behalf of Unknown Abuse Claimants; c. advocating Unknown Abuse Claimants' legal positions before the court and, if necessary, filing pleadings and presenting evidence on any issue affecting such claimants; d. taking all other legal actions reasonably necessary to represent the interests of Unknown Abuse Claimants, including minors; and e. serving as an independent fiduciary acting on behalf of all Unknown Abuse Claimants. Mr. Rafatjoo's current hourly rate is $1,575 per hour, capped at $150,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Hamid R. Rafatjoo, Esq. Raines Feldman Littrell LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Tel: (310) 440-4100 About The Roman Catholic Archbishop of San Francisco The Roman Catholic Archbishop of San Francisco, Archdiocese of San Francisco, is a tax-exempt religious organization. The Archdiocese of San Francisco is a Latin Church ecclesiastical territory or diocese of the Catholic Church in the northern California region of the United States. The Archdiocese of San Francisco was erected on July 29, 1853, by Pope Pius IX, and its cathedral is the Cathedral of Saint Mary of the Assumption. The Archdiocese sought relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-30564) on Aug. 21, 2023. In the petition filed by Fr. Patrick Summerhays as vicar general and moderator of the Curia, the Archdiocese reported $100 million to $500 million in assets and liabilities. The Hon. Dennis Montali oversees the case. The Debtor tapped Feldserstein Fitzgerald Willoughby as counsel. Counsel for Certain Personal Injury Creditors are Michael G. Finnegan, Esq., Jennifer E. Stein, Esq., and Parker P. Estenson, Esq. of JEFF ANDERSON & ASSOCIATES, P.A. DIRECT HEIRS: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: Direct Heirs Holdings, LLC 3816 Chestnut Trail Rockwall, TX 75032 Business Description: Direct Heirs Holdings, LLC is a real estate company that owns and leases a portfolio of residential properties in Louisiana, Mississippi and Texas. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-43499 Judge: Hon. Mark X Mullin Debtor's Counsel: Robert T DeMarco, Esq. DEMARCO MITCHELL, PLLC 500 N. Central Expressway Suite 500 Plano TX 75074 Tel: (972) 991-5591 E-mail: robert@demarcomitchell.com Total Assets: $1,520,000 Total Liabilities: $1,332,000 VaShone Rhodes signed the petition as managing member. The debtor submitted the required list of its 20 largest unsecured creditors, but provided no names. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EAKWEGQ/Direct_Heirs_Holdings_LLC__txnbke-26-43499__0001.0.pdf?mcid=tGE4TAMA DONE-RITE TREE: Case Summary & 12 Unsecured Creditors ----------------------------------------------------- Debtor: Done-Rite Tree Company, Inc. 755 West Amity Road Boise, ID 83705 Business Description: Done Rite Tree Company provides tree care and landscaping services, including tree removal, trimming and pruning, stump grinding, planting, and plant and tree maintenance. The company operates in Boise, Idaho, and serves residential and city clients across several communities in the surrounding area. It has provided tree services since 1998. Chapter 11 Petition Date: August 5, 2026 Court: United States Bankruptcy Court District of Idaho Case No.: 26-00683 Judge: Hon. Brent R Wilson Debtor's Counsel: Patrick J. Geile, Esq. FOLEY FREEMAN, PLLC 953 S. Industry Way Meridian, ID 83642 Tel: (208) 888-9111 Fax: (208) 888-5130 E-mail: pgeile@foleyfreeman.com Total Assets: $865,450 Total Liabilities: $3,228,522 The petition was signed by Tina M. Butcher as president. A full-text copy of the petition, which includes a list of the Debtor's 12 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QVKP3RI/Done-Rite_Tree_Company_Inc__idbke-26-00683__0001.0.pdf?mcid=tGE4TAMA DONE-RITE TREE: Hires Foley Freeman PLLC as Attorney ---------------------------------------------------- Done-Rite Tree Company, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Idaho to employ Foley Freeman, PLLC as attorney. The firm will provide these services: a. give the Debtor legal advice with respect to his powers and duties in the affairs of the business and management; b. file a Plan and other documents or help in the preparation of the same and to negotiate and secure approval of a Chapter 11 Plan and to file such other motions, attend hearings relating to the Chapter 11 proceedings. The firm will be paid based upon its normal and usual hourly billing rates. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. The Debtor paid the firm a retainer of $20,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Geile disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Patrick J. Geile, Esq. Foley Freeman, PLLC 953 S. Industry Way Meridian, ID 83642 Tel: (208) 888-9111 About Done-Rite Tree Company, Inc. Done-Rite Tree Company, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Idaho Case No. 26-00683) on Aug. 05, 2026. The Debtor hires Foley Freeman, PLLC as attorney. DOUBLE D SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------------- Debtor: Double D Solutions and Development, LLC 176 HCR 2110 Whitney, TX 76692 Business Description: Double D Solutions and Development, LLC is a Whitney, Texas-based construction and remodeling company that performs project-based improvement work for residential and commercial customers. The company, which has approximately 16 employees, also provides custom cabinetry, countertops and related fixture work. Chapter 11 Petition Date: August 7, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-60765 Judge: Hon. Michael M Parker Debtor's Counsel: Brandon Tittle, Esq. TITTLE SANTIAGO, PLLC 1125 Legacy Dr. Ste. 230 Frisco, TX 75034 Tel: 972-213-2316 E-mail: btittle@tittlesantiago.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Thomas Dwayne Pavelka as member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5JVTALA/Double_D_Solutions_and_Development__txwbke-26-60765__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/5BSAKAI/Double_D_Solutions_and_Development__txwbke-26-60765__0001.0.pdf?mcid=tGE4TAMA DURTY DEVILZ: Case Summary & Nine Unsecured Creditors ----------------------------------------------------- Debtor: Durty Devilz Property Investments, LLC 1419 Hanson Street Philadelphia, PA 19143 Business Description: Durty Devilz Property Investments, LLC owns and leases real estate. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Eastern District of Pennsylvania Case No.: 26-13294 Judge: Hon. Ashely M. Chan Debtor's Counsel: Demetrius Parrish, Esq. LAW OFFICES OF DEMETRIUS J. PARRISH 7715 Crittenden Street, #360 Philadelphia, PA 19118 Tel: (215) 735-3377 Fax: (215) 827-5420 E-mail: djpbkpa@gmail.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $0 to $50,000 The petition was signed by Quentin Rogers as managing member. A full-text copy of the petition, which includes a list of the Debtor's nine unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TYPXVJI/Durty_Devilz_Property_Investments__paebke-26-13294__0001.0.pdf?mcid=tGE4TAMA ELECTROTECHNICS CORP: Taps Salitore Law PLLC as Counsel ------------------------------------------------------- Electrotechnics Corporation seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to hire Salitore Law PLLC as counsel. The firm will render these services: a. assist, advise and represent the Debtor relative to the administration of the chapter 11 case; b. assist, advise and represent the Debtor in analyzing the Debtor's assets and liabilities, investigating the extent and validity of lien and claims, and participating in and reviewing any proposed asset sales or dispositions; c. attend meetings and negotiate with the representatives of the secured creditors; d. assist the Debtor in the preparation, analysis, and negotiation of any plan of reorganization and disclosure statement accompanying any plan of reorganization; e. take all necessary action to protect and preserve the interests of the Debtor; f. appear, as appropriate, before this Court, the Appellate Courts, and other Courts in which matters may be heard and to protect the interests of the Debtor before such Courts; and g. perform necessary legal services in the case. Salitore Law PLLC received a retainer in the amount of $40,000 on June 25, 2026. As disclosed in the court filings, Salitore Law is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, and as required by section 327(a) of the Bankruptcy Code. The firm can be reached through: Marc Salitore, Esq. Salitore Law PLLC 1400 W. Southwest Loop 323 Suite 50, MB 1012 Tyler, TX 75251 Phone: (903) 765-8030 Email: marc@salitorelaw.com About Electrotechnics Corporation Electrotechnics Corporation is a Marshall, Texas-based traffic control and signaling equipment manufacturer specializing in transportation infrastructure technology. The company designs and manufactures solar-powered traffic safety systems, traffic signal equipment, wired cabinet assemblies, GPS time switches, and related products for municipal and state transportation agencies. Its operations are based in Tyler, Texas. Electrotechnics Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Texas Case No. 26-20108) on July 10, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Joshua P. Searcy handles the case. The Debtor is represented by Marcus Salitore, Esq., at Salitore Law, PLLC. ESTIATORIO ENT: Stacey Realty Loses Bid to Reopen Bankruptcy Case ----------------------------------------------------------------- In the appeal styled STACEY REALTY ASSOCIATES LLC, Appellant, v. ESTIATORIO ENT. LTD., doing business as The Eastchester Odyssey Diner, Appellee, Case No. 25-cv-05050-KMK (S.D.N.Y.), Judge Kenneth M. Karas of the U.S. District Court for the Southern District of New York affirmed the Bankruptcy Court's order denying the motion of Stacey Realty Associates, LLC to reopen the bankruptcy case of Estiatorio Ent. Ltd. Appellant leased Appellee the land at 465 White Plains Road in Eastchester, New York (pursuant to the "Lease"), where Appellee ran a business, the Eastchester Odyssey Diner, from a building (the "Building") on Appellant's property. As spelled out in the Lease, Appellee owned the Building and its fixtures while Appellant owned the land on which the Building sat. Another Lease provision -- the enforceability and meaning of which the Parties dispute -- required Appellee to forfeit the Building to Appellant in the event of default and following some post-default paperwork. After the COVID pandemic, during which Appellant contends Appellee defaulted on the lease, Appellee filed for bankruptcy under Chapter 11. Appellant successfully moved to convert the bankruptcy to one under Chapter 7. The Bankruptcy Court appointed a Chapter 7 trustee (the "Trustee") to administer the disposition of Appellee's assets. One of those assets was the Lease. The Trustee filed a notice of intent to abandon the Lease ("Notice of Abandonment"), finding the Lease had "inconsequential value to administer for the benefit of creditors," and the Notice of Abandonment was served on Appellant. Believing itself to then own both the land and the Building after the Lease was abandoned, Appellant leased the Building to a new tenant on September 1, 2023, and began construction on it. Believing otherwise, Appellee sued Appellant in New York State Supreme Court, Westchester County on March 28, 2024, seeking, among other things, to quiet title, a declaration that the Debtor owns the Building and that the new lease is ineffective and unenforceable, and to eject the new tenant," contending the abandonment of the lease left Appellee with ownership of the Building. On February 3, 2025, the state court denied Appellant's Motion to Dismiss, but otherwise stayed that Action pending the outcome of the proceedings in Bankruptcy Court and in this Court. On October 15, 2024, about six months after Appellant was served in the state court action, Appellant filed a motion in Bankruptcy Court to reopen the Chapter 7 case and remove the state court action to Bankruptcy Court. The Bankruptcy Court denied the request for removal as untimely because Appellant filed it more than six months after being served, well outside Rule 9027's 30-day limit, and Appellant made no attempt to show excusable neglect for the delay. Faced with a motion to reopen that either was an untimely notice of removal, or if granted, would be followed by an untimely notice of removal, and with no case of excusable neglect for the untimeliness, the Bankruptcy Court plainly did not abuse its discretion in finding no "other cause" to reopen the case. Accordingly, the District Court affirms the Order. A copy of the Court's Opinion & Order dated August 4, 2026, is available at https://urlcurt.com/u?l=ZtSLWP from Pacermonitor.com. About Estiatorio Ent. Ltd. Estiatorio Ent. Ltd. is the fee simple owner of an edifice and property located at 465 White Plains Road, Eastchester, N.Y. The property is valued at $3 million. Estiatorio Ent. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 21-22665) on Nov. 30, 2021, disclosing $3,000,348 in assets and $417,091 in liabilities. Konstantinos Doukas, president of Estiatorio Ent., signed the petition. Judge Robert D. Drain presided over the case. Anne Penachio, Esq., and Francis J. Malara, Esq., at Penachio Malara, LLP represent the Debtor as bankruptcy attorneys. The case was converted to Chapter 7 on May 6, 2022. Howard P. Magaliff was appointed as Chapter 7 trustee. FAIRWAY AMERICA: Court Extends Cash Collateral Access to Sept. 4 ---------------------------------------------------------------- Fairway America, LLC and Fairway America Management Group II LLC received another extension from the U.S. Bankruptcy Court for the District of Oregon to use cash collateral. The court on August 11 entered a second interim order authorizing the Debtors to use cash collateral through September 4 to fund essential operational expenses. The order permits expenditures within a 10% aggregate and 20% line-item variance against the second interim budget. The extension arises from procedural developments following the court's initial order entered on July 21. Although a final hearing was set for August 10, the U.S. Trustee for Region 18 formed an official unsecured creditors committee on July 31, which has not yet selected legal counsel. To allow the creditors committee time to retain counsel and review the underlying cash collateral motion, the committee requested a continuance of the final hearing. The creditors committee and secured creditor PatRick Fairway America Fund, LLC consented to extending the Debtors' interim cash collateral authority through September 4 under the same terms and operating budget previously established. As adequate protection, secured creditors will be granted automatically perfected replacement liens on post-petition assets with the same priority as their pre-petition liens. Additionally, the order directs the segregation of professional fees into a set-aside account and mandates that the Debtors deliver monthly budget variance reports by the 20th calendar day of each month. The order is available at http://bankrupt.com/misc/FairwayAmerica_CCOrder99.pdf The final hearing will be held on September 2. About Fairway America LLC Fairway America, LLC is a Tigard, Oregon-based boutique investment manager specializing in private real estate investments. It provides investment management services focused on real estate opportunities and related private investment strategies. Fairway America and Fairway America Management Group II, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Lead Case No. 26-32378) on July 8, 2026. In its petition, Fairway America reported estimated assets of $5.5 million and estimated liabilities of $11.8 million. Honorable Teresa H. Pearson handles the cases. The Debtors are represented by Douglas R. Ricks, Esq., at Sussman Shank, LLP. FAIRWAY AMERICA: Seeks to Hire Sussman Shank as Legal Counsel ------------------------------------------------------------- Fairway America, LLC and its affiliate filed an amended application seeking approval from the U.S. Bankruptcy Court for the District of Oregon to employ Sussman Shank LLP as their general bankruptcy counsel. The firm will provide these services: (a) provide the Debtors with advice on its duties and responsibilities as Debtors-in-Possession; (b) prepare and file schedules; (c) defend motions for relief from stay; (d) analyze and object to claims; (e) formulate and obtain approval of a plan of reorganization; (f) negotiate with creditors and other parties in interest; (g) pursue avoidable transfer actions; and (h) perform all other matters requiring legal representation in these Chapter 11 cases. The firm will be paid at these hourly rates: Douglas R. Ricks $625 Christopher N. Coyle $595 Joshua G. Flood $475 Attorneys $325 to $775 Paralegals $170 to $310 Prior to the Petition Date, the Debtors paid Sussman Shank LLP a total of $69,237.37, of which $10,000 is held as a retainer to be applied to post-petition fees and expenses, subject to Court approval. Sussman Shank LLP is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Douglas R. Ricks, Esq. SUSSMAN SHANK LLP 1000 SW Broadway, Suite 1400 Portland, OR 97205-3089 Telephone: (503) 227-1111 Facsimile: (503) 248-0130 E-mail: dricks@sussmanshank.com About Fairway America, LLC Fairway America, LLC is a Tigard, Oregon-based boutique investment manager specializing in private real estate investments. The company provides investment management services focused on real estate opportunities and related private investment strategies. Fairway America, LLC and its debtor affiliate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-32378) on July 8, 2026. In its petition, the debtor reported estimated assets of $5.5 million and estimated liabilities of $11.8 million. Honorable Teresa H. Pearson handles the case. The debtor is represented by Douglas R. Ricks, Esq., of Sussman Shank LLP. FINAL TOUCH: Hires RHM LAW LLP as General Bankruptcy Counsel ------------------------------------------------------------ Final Touch Apparel, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire RHM LAW LLP as its general bankruptcy counsel. The firm's services are: a. providing advice and assistance regarding compliance with the requirements of the United States Trustee; b. providing advice regarding matters of bankruptcy law, including the rights and remedies of the Debtor in regard to its assets and with respect to the claims of creditors; c. providing advice regarding cash collateral matters; d. conducting examinations of witnesses, claimants or adverse parties and to prepare and assist in the preparation of reports, accounts and pleadings; e. providing advice concerning the requirements of the Bankruptcy Code and applicable rules; f. assisting with the negotiation, formulation, confirmation and implementation of a Chapter 11 plan of reorganization; and g. making any appearances in the Bankruptcy Court on behalf of the Debtor; and to h. taking such other action and to perform such other services as the Debtor may require. The Debtor agrees to a retainer in the amount of $46,738. RHM Law is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Roksana D. Moradi-Brovia, Esq. Matthew D. Resnik, Esq. RHM LAW LLP 17609 Ventura Blvd., Suite 314 Encino, CA 91316 Telephone: (818) 285-0100 Facsimile: (818) 855-7013 Email: roksana@RHMFirm.com matt@RHMF.com About Final Touch Apparel, Inc. Final Touch Apparel Inc. is a women's apparel wholesaler that designs, sources, imports, and sells fashion garments to retailers throughout the United States. The company purchases fabrics and other materials from suppliers in China and the United States and currently has its garments manufactured by a factory in Vietnam, including relatively small production runs of fewer than 150 units per style. Its U.S. operations include design, production, sales, warehousing, shipping, and a Los Angeles showroom for retail buyers. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 2:26-bk-17492-NB) on July 28, 2026. In the petition signed by Mark Min Hyul Kim, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Neil W. Bason oversees the case. Matthew D. Resnik, Esq., at RHM Law LLP, represents the Debtor as legal counsel. FINANCE OF AMERICA: Swings to $28.9 Million Net Loss in Fiscal Q2 ----------------------------------------------------------------- Finance of America Companies 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, reporting a net loss of $28.9 million for the three months ended June 30, 2026, compared to a net income of $79.8 million for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net income of $6.3 million, compared to a net income of $154.8 million for the same period in the prior year. Liquidity and Capital Resources FOA is a holding company and generally has no material assets other than its direct and indirect ownership of Class A LLC Units. FOA has no independent means of generating revenue. FOA Equity may make distributions to its holders of Class A LLC Units, including FOA, in an amount sufficient to cover all applicable taxes at assumed tax rates, payments under the TRA obligation, and dividends, if any, declared by FOA. Deterioration in the financial condition, earnings, or cash flow of FOA Equity and its subsidiaries for any reason could limit or impair FOA Equity's ability to make such distributions. In addition, FOA Equity is generally prohibited under Delaware law from making a distribution to a member to the extent that, at the time of the distribution, after giving effect to the distribution, liabilities of FOA Equity (with certain exceptions) exceed the fair value of its assets. Subsidiaries of FOA Equity are generally subject to similar legal limitations on their ability to make distributions to FOA Equity. Further, the Company's existing financing arrangements include, and any financing arrangement that the Company enters into in the future may include, restrictions that impact FOA Equity's ability to make distributions to FOA. The Company's cash flows from operations, borrowing availability, and overall liquidity are subject to risks and uncertainties. The Company may not be able to obtain additional liquidity on reasonable terms, or at all. Additionally, the Company's liquidity and its ability to meet its obligations and fund its capital requirements are dependent on its future financial performance, which is subject to general economic, financial, and other factors that are beyond its control. Accordingly, the Company's business may not generate sufficient cash flow from operations, and future borrowings may not be available from additional indebtedness or otherwise to meet its liquidity needs. If the Company decides to pursue one or more significant acquisitions, it may incur additional debt or sell additional equity to finance such acquisitions, which could result in additional expenses or dilution. Sources and Uses of Cash The Company's primary sources of funds include (i) proceeds from the sale or securitization of loans; (ii) payments received on its outstanding participating interests in loans; and (iii) advances on warehouse facilities, other secured borrowings, its various notes, and other financing transactions. The Company's primary uses of funds include (i) loan originations; (ii) funding of borrower advances and draws on outstanding loans; (iii) payment of operating expenses; and (iv) the repayment, repurchase, or redemption of outstanding indebtedness. The Company's cash flow from operating activities, when combined with net proceeds from its portfolio financing activities, as well as capacity through existing facilities, provides adequate resources to fund its anticipated ongoing cash requirements. The Company relies on these facilities to fund operating activities. As the facilities mature, management believes it will either renew existing facilities or obtain sufficient additional lines of credit. Future debt maturities will be funded with cash and cash equivalents, cash flow from operating activities including portfolio investing and financing activities, and, if necessary, future access to capital markets. The Company continues to optimize the use of balance sheet cash to avoid unnecessary interest carrying costs. Cash Flows The Company's cash and cash equivalents and restricted cash increased by $15.8 million for the six months ended June 30, 2026 compared to a decrease of $65.3 million during the comparable period in 2025. The Company's cash and cash equivalents, excluding restricted cash, decreased $4.2 million for the six months ended June 30, 2026 compared to a decrease of $0.9 million during the comparable period in 2025. Cash flows from operating activities decreased by $125.6 million for the six months ended June 30, 2026, compared to the corresponding 2025 period, which was primarily attributable to an increase in cash used for originations of loans held for sale, net of proceeds on sale. The decrease of $133.2 million in cash flows from the Company's investing activities during the six months ended June 30, 2026 compared to the 2025 period was primarily attributable to a $195.8 million decrease in proceeds/payments on loans held for investment, net of cash used for purchases and originations, and a $91.8 million cash outlay for the OMC Transaction. This was partially offset by a $152.6 million increase in proceeds/payments on loans held for investment, subject to nonrecourse debt, net of cash used for purchases and originations. The increase of $339.9 million in cash flows from the Company's financing activities during the six months ended June 30, 2026 compared to the 2025 period was primarily driven by a $564.0 million increase in proceeds from nonrecourse debt, net of payments, and a $110.6 million decrease in payments on HMBS related obligations, net of proceeds. This was partially offset by a $291.1 million increase in payments on other financing lines of credit, net of proceeds, $41.6 million of cash used for the repurchase of Class A Common Stock and Class A LLC Units, and $2.3 million of cash used for dividends paid on the Preferred Stock. Subsequent to June 30, 2026, the LFH Promissory Note was amended and restated to extend its maturity date from Aug. 4, 2026 to Aug. 4, 2027. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/fadnp4ah. About Finance of America Plano, Texas-based Finance of America Companies Inc. is a financial services holding company. Through its operating subsidiaries, it operates as a modern retirement solutions platform, providing customers with access to an innovative range of retirement offerings centered on the home. In addition, Finance of America offers capital markets and portfolio management capabilities to optimize distribution to investors. As of June 30, 2026, the Company had $37.3 billion in total assets, $36.9 billion in total liabilities, and $.406.7 million in total stockholders' equity. * * * In Dec. 2025, Fitch Ratings affirmed the Long-Term Company Default Ratings (IDRs) of Finance of America Companies Inc. and its subsidiaries, Finance of America Equity Capital LLC and Finance of America Funding LLC (collectively, FOA) at 'CCC.' A Positive Rating Outlook has been assigned. Fitch has also affirmed Finance of America Funding's senior secured rating at 'CCC-' with a Recovery Rating of 'RR5.' This rating action has been taken as part of a periodic peer review of non-bank mortgage companies, which is comprised of seven publicly rated firms. FIREFLY NEUROSCIENCE: All Key Proposals Approved at Annual Meeting ------------------------------------------------------------------ Firefly Neuroscience, Inc., on Aug. 5, 2026, held its Annual Meeting. As of June 8, 2026, the record date for the Annual Meeting, there were 15,604,571 shares of common stock, issued and outstanding and entitled to vote on the proposals presented at the Annual Meeting, of which 9,703,536 shares were present in person or represented by proxy, which constituted a quorum. The holders of shares of the common stock are entitled to one vote for each share held. At the Annual Meeting, the stockholders voted on six proposals, each of which is described in greater detail in the Proxy Statement, the relevant portions of which are incorporated by reference herein. At the Annual Meeting, stockholders approved Proposals 1, 2, 3, 4, 5, and 6, each of which was presented for a vote. Set forth below are the final voting results for each of the proposals submitted to a vote of the Company's stockholders at the Annual Meeting. Proposal 1: A proposal to elect Arun Menawat as the Class III director of the Board of Directors to serve until the annual meeting of stockholders to be held in 2029, or until his successor has been duly elected and qualified. The proposal was approved. Nominee: a. Arun Menawat * For: 4,324,584 * Withheld: 106,395 * Broker Non-Votes: 5,272,557 Proposal 2: A proposal to ratify the appointment of CBIZ Canada, LLP (formerly known as Marcum Canada, LLP) as the Company's independent registered public accounting firm for the Company's fiscal year ending Dec. 31, 2026. The proposal was approved * For: 9,500,723 * Against: 21,341 * Abstain: 181,472 Proposal 3: A proposal to approve, on a non-binding, advisory basis, the compensation paid to our named executive officers. The proposal was approved. * For: 4,331,361 * Against: 76,601 * Abstain: 23,017 * Broker Non-Votes: 5,272,557 Proposal 4: A proposal to approve Amendment No. 2 to the Firefly Neuroscience, Inc. 2024 Long-Term Incentive Plan, as amended, to increase the maximum number of shares available for grant under the Plan by 2 million shares of common stock and update the Plan's evergreen provision. The proposal was approved. * For: 4,047,217 * Against: 361,601 * Abstain: 22,161 * Broker Non-Votes: 5,272,557 A copy of the Plan Amendment is available at https://tinyurl.com/msx48sfm. Proposal 5: A proposal to approve Certificate of Amendment No. 2 of Amended and Restated Certificate of Incorporation of Firefly Neuroscience, Inc., as amended, to decrease the total number of authorized shares from 5.001 billion to 101 million, consisting of (i) 100 million shares of Common Stock and (ii) 1 million shares of Preferred Stock. The proposal was approved. * For: 9,222,775 * Against: 268,441 * Abstain: 212,320 Proposal 6: A proposal to approve the adjournment of the Annual Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any one or more of the foregoing proposals. * For: 9,117,363 * Against: 387,451 * Abstain: 198,722 A copy of the Certificate of Amendment is available at https://tinyurl.com/2jurb9rs. About Firefly Firefly Neuroscience, Inc. (NASDAQ: AIFF) (formerly WaveDancer, Inc.) is an Artificial Intelligence company developing innovative solutions that improve rain health outcomes for patients with neurological and mental disorders. The FDA-510(k)-cleared Brain Network Analytics (BNA) software platform is designed to advance diagnostic and treatment approaches for individuals with mental illnesses and cognitive disorders, such as depression, dementia, anxiety, concussions, and attention-deficit/hyperactivity disorder (ADHD). Toronto, Ontario-based CBIZ Canada LLP, the Company's auditor since 2024, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company has incurred significant losses and accumulated deficit and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $10.91 million in total assets, $2.47 million in total liabilities, and $8,44 million in total stockholders' equity. FIREMAN GROUP: 63-Year-Old Restaurant Chain Seeks Chapter 11 ------------------------------------------------------------ Kirk O'Neil of The Street reports that The Fireman Group of Cafe Concepts Inc., operator of Cafe Fiorello and several other prominent restaurants, has sought Chapter 11 protection after years of mounting financial problems. The restaurant group and 21 affiliates filed bankruptcy petitions on August 9, 2026, in New York bankruptcy court, reporting more than $39 million in liabilities. The company now operates nine restaurants after shutting down two locations in July. The restaurant business was founded by Sheldon "Shelly" Fireman, who launched The Hip Bagel in New York in 1963. The company's financial difficulties worsened during the pandemic as mandatory closures, the halt in Broadway performances, declining tourism and reduced Midtown office activity cut deeply into restaurant revenues. According to court papers, customer traffic did not recover to pre-pandemic levels until late 2025, the report relays. After relying on federal pandemic assistance, the company began taking merchant cash advances in 2024 to address liquidity shortages. Additional advances followed as earlier obligations came due, creating fixed repayment demands that absorbed a substantial share of restaurant receipts. The group also accumulated unpaid rent, sales taxes and vendor obligations before suspending payments to merchant cash advance lenders in March 2026, the report states, according to The Street. The bankruptcy filing lists more than $26 million of assets against more than $39 million of debt, including over $9.9 million in secured obligations. The restaurant operator plans to pursue as much as $6.5 million in debtor-in-possession financing, including $2.3 million of new capital. It is also seeking to recover $5.9 million in holdbacks from merchant cash advance lenders while it restructures its finances under Chapter 11. About The Fireman Group of Cafe Concepts Inc. The Fireman Group of Cafe Concepts Inc. is a New York restaurant operator with a history spanning more than six decades. Founded by Sheldon "Shelly" Fireman, the company developed a collection of full-service restaurants serving customers in prominent commercial, cultural and entertainment areas. Fireman launched the business in 1963 with The Hip Bagel in New York. The company later expanded into multiple restaurant concepts, with Café Fiorello emerging as one of its signature establishments. The restaurant's location near Lincoln Center has helped make it a notable part of the city's dining scene. The Fireman Group of Cafe Concepts Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11903) on August 9, 2026. In its petition, the Debtor reports more than $26 million of assets against more than $39 million of debt. The Debtor is represented by David S. Forsh, Esq. of Raines Feldman Littrell LLP. FORD BUSINESS: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Ford Business Holdings, LLC 855 Sterling Creek Court Lexington, SC 29072 Business Description: Ford Business Holdings operates a dumpster rental and waste-hauling business based in Lexington, South Carolina, providing roll-off dumpster and related waste-removal services to residential and commercial customers. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court District of South Carolina Case No.: 26-03578 Judge: Hon. Elisabetta Gm Gasparini Debtor's Counsel: Michael M Beal, Esq. BEAL LLC 1301 Gervais St, Suite 1040 Columbia, SC 29201 E-mail: mbeal@bealllc.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Christopher Daniel Ford as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/V32UT5I/Ford_Business_Holdings_LLC__scbke-26-03578__0001.0.pdf?mcid=tGE4TAMA FORD BUSINESS: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the District of South Carolina granted Ford Business Holdings, LLC's motion for interim use of cash collateral. Under the interim order, the Debtor is authorized to use cash collateral only for ordinary and necessary operating expenses under the approved interim budget, including payroll, payroll taxes, employee benefits, fuel, vehicle repairs, insurance, landfill tipping fees, rent, utilities, taxes, software, and other ordinary-course expenses. The Debtor must comply strictly with the interim budget but may make reasonable variances of up to 15% from individual budget line items, provided total interim-period expenses do not exceed the overall budget amount. The Debtor must also make reasonable efforts to properly allocate post-petition revenue and expenses between itself and Cardinal Waste, LLC. As adequate protection, LEAF Capital Funding, LLC (LEAF) and Commercial Credit Group (CCG) receive replacement liens on the Debtor's post-petition assets to the extent their collateral suffers any diminution in value. These replacement liens have the same extent, validity, enforceability, and priority as their prepetition liens, but do not extend to asset types in which they did not already hold valid, perfected, enforceable, and non-avoidable liens. The order preserves all parties' rights to challenge the validity, priority, perfection, or extent of the asserted liens, and professional-fee payments remain subject to further Court authorization. The final hearing is scheduled for September 1. Any objection to continued cash-collateral use or the final order must be filed by August 25. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/uEekP from PacerMonitor.com. About In Ford Business Holdings, LLC In Ford Business Holdings, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. S.D. Case No. 26-03578) with $1,000,001 to $10 million in both assets and laibilities. Judge Hon. Elisabetta Gm Gasparini oversees the case. The Debtor is represented by: Michael M. Beal Beal, LLC Tel: 803-728-0803 Email: mbeal@bealllc.com FULTON SCG II: Secured Party Sets Aug. 13, 2026 Public Auction -------------------------------------------------------------- Newmark, on behalf of FULTON SCG II DEBT FUND, LLC, a Delaware limited liability company (the "Secured Party"), will offer for sale at public auction on August 13, 2026 at 12:00 p.m. EDT in connection with a Uniform Commercial Code sale, 100% of the limited liability company membership interests (the "Interests") in and to Fulton SCG Member LLC, a Delaware limited liability company (the "Issuer"), which Issuer is the indirect owner of certain real properties comprised of certain commercial and residential condominium units in the Tangram development (collectively, the "Property"). The Interests are owned by Fulton SCG Development Mezz LLC, a Delaware limited liability company, having its principal place of business at 37-12 Prince Street, #PH2A, Flushing, New York (the "Debtor"). The sale will be conducted in-person in the offices of Kasowitz LLP, 1633 Broadway, New York, New York 10019, and also being broadcast for remote participation via virtual videoconference. The URL address and password for the online video conference will be provided to all confirmed participants that have properly registered pursuant to the Terms of Sale. Parties who do not satisfy the conditions to bid in accordance with the terms hereof and the Terms of Sale will forfeit their opportunity to register and may be banned from bidding. The Debtor has pledged and granted to the Secured Party a first priority lien on and security interest in the Interests pursuant to that certain First Priority Member Interest Pledge Agreement dated as of December 8, 2017. The Secured Party is offering the Interests for sale in connection with the foreclosure on the pledge of such Interests. The Interests are being offered as a single lot, "as-is, where-is", with no express or implied warranties, representations, statements or conditions of any kind made by the Secured Party or any person acting for or on behalf of the Secured Party, without any recourse whatsoever to the Secured Party or any other person acting for or on behalf of the Secured Party and each bidder must make its own inquiry regarding the Interests. The winning bidder shall be responsible for the payment of all transfer taxes, stamp duties and similar taxes incurred in connection with the purchase of the Interests. The Secured Party reserves the right to credit bid, set a minimum reserve price, reject all bids (including without limitation any bid that it deems to have been made by a bidder that is unable to satisfy the requirements imposed by the Secured Party upon prospective bidders in connection with the sale or to whom in the Secured Party's sole judgment a sale may not lawfully be made) and/or terminate or adjourn the sale to another time, without further notice. The Secured Party further reserves the right to restrict prospective bidders to those who will represent that they are purchasing the Interests for their own account for investment not with a view to the distribution or resale of such Interests, to verify that each certificate for the Interests to be sold bears a legend substantially to the effect that such interests have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be disposed of in violation of the provisions of the Securities Act and to impose such other limitations or conditions in connection with the sale of the Interests as the Secured Party deems necessary or advisable, in its sole discretion, in order to comply with the Securities Act or any other applicable law or regulation. All bids (other than credit bids of the Secured Party) must be for cash. Further information concerning the Interests, a detailed description of the Property, the requirements for obtaining information and bidding on the interests and the Terms of Sale can be found at https://tinyurl.com/4tcns6dv. Brock Cannon +1 646-315-4785; brock.cannon@nmrk.com G&I HINES: Section 341(a) Meeting of Creditors on September 13 -------------------------------------------------------------- On July 31, 2026, G&I Hines, LLC filed for Chapter 11 protection in the Northern District of Texas.According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) to be held on September 3, 2026 at 03:00 PM by TELEPHONE. Governmental Proof of Claim deadline is January 27, 2027, while the Chapter 11 Small Business Subchapter V Plan is due October 29, 2026. About G&I Hines, LLC G&I Hines, LLC, doing business as 8Quanta, is a software development and consulting firm headquartered in Dallasâ€“Fort Worth, Texas. The company provides NetSuite implementation, optimization, consulting, support and training, custom application development, and third-party integration services. It also develops SuiteApps and supports SuiteCommerce environments for organizations in industries including software, professional services, distribution, retail, supply chain, and manufacturing. G&I Hines, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 26-43384) on July 31, 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 Bankruptcy Judge Mark X. Mullin handles the case. The Debtor is represented by Vickie L. Driver, Esq. of Driver Stephenson, PLLC. GARTNER INC: Liabilities Exceed Assets by $167.3M at June 30 ------------------------------------------------------------ Gartner Inc.'s stockholder's deficit was US$167.3 million at June 30, 2026. At June 30, 2026, the Company had total assets of US$7.2 billion and total liabilities of US$7.4 billion. At Dec. 31, 2025, the Company had total assets of US$8.1 billion and total liabilities of US$7.8 billion. The Company said: "We finance our operations through cash generated from our operating activities and, to a lesser extent, borrowings. . . . At June 30, 2026, we had $1.5 billion of cash and cash equivalents and approximately $1.0 billion of available borrowing capacity on the revolving credit facility under our 2024 Credit Agreement. We believe that the Company has adequate liquidity to meet its currently anticipated needs for both the next twelve months and the foreseeable future." "We have historically generated significant cash flows from our operating activities, benefiting from the favorable working capital dynamics of our subscription-based business model in our Insights segment, which is our largest business segment and historically has constituted a significant portion of our total revenues. The majority of our Insights customer contracts are paid in advance and, combined with a strong customer retention rate and high incremental margins, our subscription-based business model has resulted in continuously strong operating cash flow. Cash flow generation has also benefited from our ongoing efforts to improve the operating efficiencies of our businesses as well as a focus on the optimal management of our working capital as we increase sales." "Our cash and cash equivalents are held in numerous locations throughout the world with 71% held outside the U.S. at June 30, 2026. We continue to assert our intention to reinvest substantially all remaining accumulated undistributed foreign earnings, except in instances where repatriation would result in minimal additional tax." During the six months ended June 30, 2026, cash provided by operating activities was $789.3 million, cash provided by investing activities was $64.5 million, and cash used in financing activities was $1.1 billion, mainly driven by share repurchases. As of June 30, 2026, the Company had $3.0 billion of principal amount of debt outstanding and may, from time to time, retire or repurchase its outstanding debt depending on market conditions, liquidity needs, contractual restrictions, and other factors. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=4Cz7gw About Gartner Inc. Gartner Inc. is a global research and advisory firm that provides insights, advice, and tools to leaders in IT, finance, supply chain, marketing, and other corporate functions. The Company delivers its services through a subscription-based model, offering research, data, and consulting to help organizations make better-informed strategic and operational decisions. GIFTIFY INC: Receives Nasdaq Notice Over $1 Bid Price Deficiency ---------------------------------------------------------------- Giftify, Inc. said in a regulatory filing with the Securities and Exchange Commission that it received a notice from the Nasdaq Listing Qualifications Department stating that its common stock had failed to maintain the minimum $1.00 per share bid price required under Nasdaq Listing Rule 5550(a)(2) for the previous 30 consecutive business days. Nasdaq advised the Company that, under Rule 5810(c)(3)(A), it has 180 calendar days to regain compliance by maintaining a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the compliance period. If the Company remains deficient after the initial 180-day period, Nasdaq may grant an additional 180-day period, provided other listing criteria (e.g., minimum market value of publicly held shares, shareholders' equity) are met. About Giftify, Inc. Giftify, Inc., through its wholly owned subsidiary, Restaurant.com, Inc., has been in the business of connecting digital consumers, businesses, and communities with dining and merchant deals throughout the United States. As of June 30, 2026, the Company had $30.17 million in total assets, $9.11 million in total liabilities, and $21.07 million in total stockholders' equity. Los Angeles, California-based Weinberg & Company, P.A., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 18, 2026, citing that the Company has a history of reporting net losses and negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. GLORIA GATES: Case Summary & 20 Largest Unsecured Creditors ----------------------------------------------------------- Debtor: Gloria Gates Management LLC d/b/a Gloria Gates Care 2525 Ninth Ave Altoona, PA 16602 Business Description: Gloria Gates Management operates Gloria Gates CARE, a provider of direct primary care and related healthcare services through clinics in Altoona and Tyrone, Pennsylvania. Its services include pharmacy and laboratory services, diagnostic imaging, health screenings, physical therapy, mental health counseling, dietitian services, and CARE advocate support. The organization serves individuals, families, and employers, with available services varying by insurance plan, membership level, and location. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-70337 Judge: Hon. Jeffery A Deller Debtor's Counsel: David Z. Valencik, Esq. CALAIARO VALENCIK 555 Grant Street, Suite 300 Pittsburgh, PA 15219 Tel: 412-232-0930 Fax: 412-232-3858 E-mail: dvalencik@c-vlaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Donald Beaver as authorized representative. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SRZLEAY/Gloria_Gates_Management_LLC__pawbke-26-70337__0001.0.pdf?mcid=tGE4TAMA GOAL HOLDING: Seeks to Hire Davis Ermis & Roberts as Counsel ------------------------------------------------------------ Goal Holding Company, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Davis, Ermis & Roberts, P.C. as counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-In- Possession in the continued operation of the business and management of its property; (b) prepare on behalf of the Debtor, as Debtor-In-Possession, necessary applications, orders, answers, reports, and other legal papers; (c) perform all other legal services for the Debtor, as Debtor-In-Possession, which may be necessary herein. The firm will be paid at these rates: Craig D. Davis $650 per hour Legal Assistants $120 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Davis disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Craig D. Davis, Esq. Davis, Ermis & Roberts, P.C. 2000 E. Lamar Blvd., Ste 780 Arlington, TX 76006 Tel: (972) 263-5922 Fax: (972) 262-3264 About Goal Holding Company, Inc. Goal Holding Company Inc. is a single-asset real estate company (as defined in 11 U.S.C. Section 101(51B)). Goal Holding Company Inc. in Grand Prairie, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-43430) on Aug. 3, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Khalid Lutfi as president, signed the petition. Judge Mark X Mullin oversees the case. DAVIS, ERMIS & ROBERTS P.C. serve as the Debtor's legal counsel. GUARDANT HEALTH: Debts Exceed Assets by $222.9M at June 30 ---------------------------------------------------------- Guardant Health, Inc.'s stockholder's deficit was US$222.9 million at June 30, 2026. The stockholder's deficit was US$99.3 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$1.9 billion and total liabilities of US$2.1 billion. At Dec. 31, 2025, the Company had total assets of US$2.0 billion and total liabilities of US$2.1 billion. The Company said: "We have incurred losses and negative cash flows from operations since our inception, and as of June 30, 2026, we had an accumulated deficit of US$3.2 billion. We expect to incur additional operating losses in the near future and our operating expenses will increase as we continue to invest in clinical studies and develop new products, expand our sales organization, and increase our marketing efforts to drive market adoption of our tests. As demand for our tests is expected to continue to increase from physicians and biopharmaceutical companies, we anticipate that our capital expenditure requirements could also increase if we require additional laboratory capacity." "We have funded our operations to date principally from the sales of our common stock, issuances of convertible notes and generation of our revenue. As of June 30, 2026, we had cash, cash equivalents, and restricted cash of about US$1.2 billion. Cash in excess of immediate requirements is invested in accordance with our investment policy, primarily with a view to provide liquidity while ensuring capital preservation. Additionally, we have investments held primarily in commercial paper and U.S. Treasury securities that can be immediately liquid." "Based on our current business plan, we believe our current cash, investments, and anticipated cash flows from operations will be sufficient to meet our anticipated cash requirements for more than 12 months from the date of this Quarterly Report on Form 10-Q. We may consider raising additional capital to expand our business, to pursue strategic investments, to take advantage of financing opportunities or for other reasons. As our revenue is expected to grow long term, we expect our accounts receivable and inventory balances to increase. Any increase in accounts receivable and inventory may not be completely offset by increases in accounts payable and accrued liabilities, which could impact our working capital balances." "If our available cash, investments, and anticipated cash flows from operations are insufficient to satisfy our liquidity requirements because of lower demand for our products as a result of lower than currently expected rates of reimbursement from our customers or other risks described in this Quarterly Report on Form 10-Q and in our Form 10-K for the year ended Dec. 31, 2025, we may seek to sell additional common or preferred equity or convertible debt securities, enter into a credit facility or another form of third-party funding or seek other debt financing. The sale of equity and convertible debt securities may result in dilution to our stockholders and, in the case of preferred equity securities or convertible debt, those securities could provide for rights, preferences or privileges senior to those of our common stock. The terms of debt securities issued or borrowings pursuant to a credit agreement could impose significant restrictions on our operations. If we raise funds through collaborations and licensing arrangements, we might be required to relinquish significant rights to our platform technologies or products or grant licenses on terms that are not favorable to us." A full-text copy of the Form 10-Q is available at https://tinyurl.com/mv893ucc About Guardant Health Guardant Health, Inc. is a precision oncology company that develops and commercializes blood-based tests designed to detect, monitor and guide treatment for cancer. The Company focuses on leveraging liquid biopsy technologies and advanced analytics to support clinicians, biopharmaceutical partners and patients across the cancer care continuum, from early detection through treatment selection and disease monitoring. GW HILLSIDE: Commences Chapter 11 Bankruptcy in Texas ----------------------------------------------------- On July 31, 2026, GW Hillside Austin QOZB, Ltd. filed for Chapter 11 protection in the Western District of Texas. According to court filings, the Debtor reports between $50 million and $100 million in assets and $50 million and $100 million in liabilities owed to 50-99 creditors. A meeting of creditors under Section 341(a) set for September 4, 2026 at 10:00 AM via Via Phone: (888)330-1716; Code: 7659325-. Chapter 11 Reorganization Plan and Disclosure Statement Due November 30, 2026. About GW Hillside Austin QOZB, Ltd. GW Hillside Austin QOZB, Ltd. is an Austin, Texas-based multifamily residential real estate company that owns and operates Hillside on Parmer Lane, a 300-unit Class A apartment community in Northeast Austin. GW Hillside Austin QOZB, Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-11471) on July 31, 2026. In its petition, the Debtor reports estimated assets of $50 million to $100 million and estimated liabilities of $50 million to $100 million. Honorable Bankruptcy Judge Shad M. Robinson handles the case. The Debtor is represented by Jennifer Francine Wertz, Esq. of Jackson Walker, L.L.P. HAINES PROPERTIES: Hires Coastal Realty as Real Estate Broker ------------------------------------------------------------- Haines Properties LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Louisiana to employ Coastal Realty Group as real estate broker. The firm will market and sell the Debtor's real property located at 102 Constantin Drive, Golden Meadow, Louisiana 70357. The firm is routinely paid on a commission basis at a rate of 6 percent, but the firm has agreed to a discounted commission of 4 percent of the gross sales price. As disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Kim Haines Coastal Realty Group 3151 Hwy 1 PO Box 935 Grand Isle, LA 70358 Tel: (985) 787-3200 About Haines Properties LLC Haines Properties LLC, a Morgan City, LA-based lessor of nonresidential buildings. Haines Properties LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D., LA. Case No. 26-11268) on May 26, 2026. In its petition, the Debtor reports estimated assets between $1 million to $10 million and estimated liabilities between $1 million to $10 million. Honorable Bankruptcy Judge Meredith S Grabill handles the case. The Debtor is represented by Leo D. Congeni, Esq. of BROOKS GELPI HAASE, LLC. HALL'S GAS SERVICES: Gets Interim OK to Use Cash Collateral ----------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division entered an interim order authorizing Hall's Gas Services, Inc. to use cash collateral. Under the order, the Debtor is authorized to use cash collateral solely to pay expenses expressly approved by the court, including compensation for the Subchapter V trustee, and the current and necessary operating expenses set forth in the approved cash collateral budget. The Debtor is prohibited from using cash collateral for any other purpose unless further authorized by the court, and the interim authority remains in effect until the next hearing. As adequate protection, lenders will be granted automatically perfected post-petition replacement liens on the cash collateral to the same extent, validity, and priority as their respective prepetition liens, without the need to file additional documents. The order also preserves the rights of the United States Trustee to appoint a creditors' committee and the rights of any committee subsequently appointed to challenge the validity, priority, or extent of any liens asserted against the cash collateral. A continued hearing is scheduled for September 10. A copy of the court's order and the Debtor's budget is available at https://h1.nu/1Bgn2 from PacerMonitor.com. About Hall's Gas Services Inc Hall's Gas Services, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02584) on June 9, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Jason Hall, president of Hall's Gas Services, signed the petition. Judge Jason A. Burgess oversees the case. Thomas Adam, Esq., at Adam Law Group, PA, represents the Debtor as bankruptcy counsel. HARDCORE CONCRETE: Hires Buersmeyer & Greenwald as Accountant ------------------------------------------------------------- Hardcore Concrete, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Buersmeyer & Greenwald PLLC as accountant. The firm will assist the Debtor in the preparation of 2022 - 2025 income tax returns. The firm will be paid at these rates: Accountants $450 per hour Staffs $300 to $450 per hour The firm received from the Debtor a retainer of $16,000. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Greenwald disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Zachary Greenwald, CPA Buersmeyer & Greenwald PLLC 2180 Immokalee Rd Naples, FL 34110 Tel: (239) 325-1100 Email: zach@naplestaxcpa.com About Hardcore Concrete, Inc. Hardcore Concrete Inc. filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01392) on June 5, 2026, with $500,001 to $1 million in both assets and liabilities. Judge Luis Ernesto Rivera II presides over the case. Buddy D. Ford, Esq., at Ford & Semach, P.A. represents the Debtor as legal counsel. Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. serves as Subchapter V trustee for the Debtor. HARLING INC: Court Extends Cash Collateral Access to Sept. 4 ------------------------------------------------------------ Harling, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division, to use cash collateral. The interim order penned by Judge Jacqueline Cox authorized the Debtor to use cash collateral retroactive to the date of filing the Debtor's Chapter 11 case through September 4. As protection from any diminution in the value of its collateral, Byline Bank will be granted a first-priority lien on property acquired by the Debtor after the petition date, including all proceeds and products thereof. This lien will have the same priority and extent as the bank's pre-bankruptcy lien. A further hearing is scheduled for September 1. The interim order is available at https://shorturl.at/KzNmr from PacerMonitor.com. The Debtor previously entered into two loan agreements with Byline Bank: one for $250,000 and another for $1.05 million, both secured by the Debtor's assets, including equipment, inventory, accounts receivable, and general intangibles. Byline Bank has filed proofs of claim for $218,647 and $741,213 on those respective loans. The Debtor's schedules list total assets of $29,137, primarily composed of $21,447 in accounts receivable and $3,500 in office furniture and equipment. About Harling Inc. Harling Inc. specializes in masonry facade repair, restoration, and building waterproofing services for commercial, industrial, and institutional buildings. It is based in Broadview, Ill. Harling sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-04324) on March 1, 2025. In its petition, the Debtor reported between $100,000 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Jacqueline P. Cox handles the case. Joel Schechter, Esq., at the Law Offices of Joel A. Schechter is the Debtor's legal counsel. Byline Bank, as secured creditor, is represented by: Martin J. Wasserman, Esq. Carlson Dash, LLC 216 S. Jefferson St., Suite 303 Chicago, IL 60661 Phone: 312-382-1600 mwasserman@carlsondash.com HAVANA VENTURES: Hires Jonathan H. Stanwood as Bankruptcy Counsel ----------------------------------------------------------------- Havana Ventures, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of Pennsylvania to hire Law Office of Jonathan H. Stanwood, LLC as counsel. The firm's services include: a. advising the debtor of its rights and obligations under the bankruptcy code; b. assisting the debtor in preparation of the statements, schedules and other required pleadings; c. representing the debtor at the meeting of creditors and other examinations; d. preparing all necessary applications, motions, answers, responses, and similar pleadings; and e. assisting the debtor in the formulation and prosecution of confirmation of a plan of reorganization. The firm will be paid at these rates: Attorney fee $350 per hour Paralegal $125 per hour Jonathan H. Stanwood, LLC does not hold an adverse interest to the estate, does not represent an adverse interest to the estate, according to court filings. The firm can be reached through: Jonathan H. Stanwood, Esq. Jonathan H. Stanwood, LLC 1 Penn Center, Suite 1560 1617 J.F.K. Boulevard Philadelphia, PA 19103 Phone: (215) 569-1040 About Havana Ventures, LLC Havana Ventures, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No. 26-13288) on August 3, 2026, listing up to$50,000 in assets and $500,001 to $1 million in liabilities. Judge Patricia M Mayer presides over the case. Law Office of Jonathan H. Stanwood, LLC serves as the Debtor's counsel. HEPION PHARMACEUTICALS: Feinstein Group Discloses 11.1% Stake ------------------------------------------------------------- Black Global 5 LLC, Red Global 3, LLC, and Darin Feinstein, disclosed in a Schedule 13D filed with the U.S. Securities and Exchange Commission that as of July 31, 2026, they beneficially own 10 million shares of Hepion Pharmaceuticals, Inc.'s Common Stock, par value $0.0001 per share, with sole voting power and sole dispositive power over all 10 million shares, and no shared voting or dispositive power, representing 11.1% of the Common Stock. Black Global 5 LLC directly owns the 10 million shares and also holds a warrant to purchase up to an additional 10 million shares at an exercise price of $0.06 per share. The warrant is subject to a Beneficial Ownership Limitation that currently prevents its exercise. Red Global 3, LLC (as manager of Black Global) and Darin Feinstein (through ownership and control of the entities) may be deemed to beneficially own the shares. The shares and warrant were acquired on July 31, 2026, pursuant to a Securities Purchase Agreement for an aggregate purchase price of $500,000 from Black Global's working capital, for investment purposes. The percentage is based on 90,220,317 shares of Common Stock outstanding immediately following the closing. The Reporting Persons may be reached through: Neil Seidler 3753 Howard Hughes Parkway Suite 200 Las Vegas, NV 89169 Tel: (725) 800-9766 A full-text copy of the Schedule 13D is available at https://tinyurl.com/2s4x9zra. About Hepion Pharmaceuticals Hepion Pharmaceuticals, Inc. is a medical diagnostic company headquartered in Morristown, New Jersey, that was previously focused on the development of drug therapy for the treatment of chronic liver diseases. As of March 31, 2026, the Company had $2.71 million in total assets, $848,747 in total liabilities, and $1.86 million in total stockholders' equity. Jericho, New York-based GRASSI & CO., CPAs, P.C., the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 11, 2026, attached to the Company's Annual Report for the fiscal year ended Dec. 31, 2025, citing that the Company's significant operating losses and negative cash flows from operations since inception raise substantial doubt about its ability to continue as a going concern. HOLLYWOOD EXCAVATING: Taps Bruner Wright PA as Bankruptcy Counsel ----------------------------------------------------------------- Hollywood Excavating of Florida, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Florida to employ Bruner Wright, P.A. to handle its Chapter 11 case. The firm will be paid at these hourly rates: Robert C. Bruner $450 Byron Wright III $450 Samantha A. Kelley $425 Paralegal $200 Bruner Wright, P.A. was paid $10,000 as a retainer. As disclosed in the court filings, Bruner Wright, P.A. is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Robert C. Bruner, Esq. Byron Wright III, Esq. Samantha A. Kelley, Esq. Bruner Wright, P.A. 2868 Remington Green Circle Tallahassee, FL 32308 Office: (850) 385-0342 Fax: (850) 270-2441 Email: rbruner@brunerwright.com twright@brunerwright.com skelley@brunerwright.com About Hollywood Excavating of Florida LLC Hollywood Excavating of Florida, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Fla. Case No. 26-50156) on July 30, 2026, with $500,001 to $1 million in both assets and liabilities. Byron Wright, III, Esq., at Bruner Wright, P.A. represents the Debtor as legal counsel. HUGHES SATELLITE: Fail to Reach Agreement with 2026 Noteholders --------------------------------------------------------------- Hughes Satellite Systems Corporation said in a regulatory filing with the Securities and Exchange Commission that in connection with confidential discussions by management with certain holders of HSSC's 5.25% Senior Secured Notes due 2026 and its 6.625% Senior Notes due 2026, HSSC entered into confidentiality agreements that facilitated its ability to engage in discussions with such holders regarding one or more potential transactions involving the Funded Debt Obligations. Such discussions failed to achieve an agreement with respect to a potential transaction. Pursuant to the Confidentiality Agreements, HSSC agreed to publicly disclose certain confidential information previously disclosed to such holders of Funded Debt Obligations (collectively, the "Cleansing Materials") upon the occurrence of certain events set forth in the Confidentiality Agreements. The Cleansing Materials are available at https://tinyurl.com/sexxy878, https://tinyurl.com/2wsbyy88, https://tinyurl.com/dsfzt5dh, and https://tinyurl.com/yxnawavp. The Cleansing Materials: * were prepared solely to facilitate discussions with the holders of Funded Debt Obligations, was not prepared with a view toward public disclosure, and should not be relied upon to make an investment decision with respect to the Company or its securities. * reflect assumptions and plans from the fourth quarter of 2025 under various assumptions as of the date of such materials, and many of such assumptions and plans may have changed since that time. * should not be regarded as an indication that EchoStar Corporation, HSSC or any third party considers the Cleansing Materials to be material non-public information or a reliable prediction of future events, and the Cleansing Materials should not be relied upon as such. Neither EchoStar Corporation, HSSC nor any third party makes any representation to any person regarding the accuracy or completeness of any of the information contained in the Cleansing Materials or undertakes any obligation to update the Cleansing Materials to reflect circumstances existing after the dates when the Cleansing Materials were prepared or conveyed or to reflect the occurrence of future events, even if any or all of the assumptions underlying the Cleansing Materials becomes or is shown to be incorrect. About Hughes Satellite Systems Corporation Hughes Satellite Systems Corp, founded in 1971 in Rockville, Md., 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 is a wholly owned subsidiary of EchoStar Corporation and operates under the HUGHES brand. Hughes Satellite Systems Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 4:26-90739) on Aug. 2, 2026. The Debtors reported between $1 billion and $10 billion in estimated assets and liabilities. The Honorable Bankruptcy Judge Alfredo R. Perez handles the cases. HSSC Board of Directors appointed Robert Del Genio of FTI as the Company's Chief Restructuring Officer. White & Case LLP, is serving as general bankruptcy counsel; FTI Consulting, Inc., as restructuring and financial advisor; and Epiq Corporate Restructuring, LLC, as claims, noticing, and solicitation agent. An ad hoc group of noteholders are represented by Jones Day. HUGHES SATELLITE: Noteholders Seek Appointment of Examiner ---------------------------------------------------------- A group of noteholders sought the appointment of an independent examiner in the Chapter 11 cases of Hughes Satellite Systems Corporation and its affiliates. The noteholders, represented by the law firm Jones Day, are holders of more than 69.6% of the outstanding principal amount of Hughes' $750 million 5.25% senior secured notes and more than 88.79% of the outstanding principal amount of Hughes' $750 million 6.625% senior notes. The noteholders asked the court to appoint an independent examiner to investigate potential claims arising from alleged self-dealing transactions between Hughes Satellite Systems Corporation and its parent, EchoStar Corporation. Their main arguments are: * Need for an independent investigation: The noteholders argued that an independent examiner is necessary to provide an unbiased assessment of potential claims and help facilitate litigation, negotiations, or a broader resolution of the Chapter 11 cases. * Conflict with the Debtors' internal investigation: They contended that the Debtors' newly appointed directors and their counsel cannot conduct a truly independent investigation because they were selected by individuals who are themselves potential targets of the investigation. The noteholders described this as a structural conflict of interest. * Timing favors appointment: The noteholders argued that appointing an examiner now would not prejudice the estates because the Debtors' special committee has only recently begun its investigation. Little work would allegedly be duplicated or wasted. * Review of insider and affiliate agreements: Because the noteholders believe not all relevant dealings have necessarily been publicly disclosed, they want the examiner to evaluate whether agreements involving the Debtors, EchoStar, affiliates, and insiders were fair. * Access to privileged materials: The noteholders argued that the examiner should have broad access to documents and information, including materials potentially protected by attorney-client privilege or work-product protection, as well as materials created for the newly appointed directors and special committee. * Reporting and confidentiality: The examiner should be permitted to include relevant privileged information in a report to the court, while protecting confidentiality when necessary, including through redacted public filings. The noteholders' position is that the investigation should be conducted from the beginning by a genuinely independent examiner, rather than by directors and professionals whose selection is connected to the people being investigated. They sought broad investigative authority so the examiner can identify and preserve any claims that could benefit the bankruptcy estates. A copy of the motion is available for free at https://urlcurt.com/u?l=8MsBQz from PacerMonitor.com. Attorneys for the noteholders: Oliver S. Zeltner, Esq. JONES DAY 717 Texas, Suite 3300 Houston, Texas 77002 Telephone: (832) 239-3939 Facsimile: (832) 239-3600 Email: ozeltner@jonesday.com And Bruce Bennett, Esq. Joshua M. Mester, Esq. Benjamin C. Sandberg, Esq. JONES DAY 555 South Flower Street, Fiftieth Floor Los Angeles, California 90071 Telephone: (213) 489-3939 Facsimile: (213) 243-2539 Email: bbennett@jonesday.com jmester@jonesday.com bsandberg@jonesday.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. Wilmington Savings Fund Society, FSB, 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 INCLUSIVE LOGISTICS: Voluntary Chapter 11 Case Summary ------------------------------------------------------ Debtor: Inclusive Logistics, L.L.C. 9577 Plaza Circle El Paso, TX 79927-2005 Business Description: Inclusive Logistics is an El Paso, Texas- based logistics company providing air, sea, land, and rail freight transportation, along with warehousing, yard, and customs brokerage services. Its warehousing activities include transloading, inventory management, picking, consolidation, and repackaging, while its customs services include inbond, ISF, and AES documentation. The company also provides domestic and cross- border transportation services involving the United States and Mexico. Chapter 11 Petition Date: August 8, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-31117 Judge: Hon. Christopher G. Bradley Debtor's Counsel: Thomas D. Berghman, Esq. MUNSCH HARDT KOPF & HARR, P.C. 500 N. Akard St., Suite 4000 Dallas, TX 75201 Tel: 214-855-7500 Email: tberghman@munsch.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Judith Torres as manager. 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/BGUTKAQ/Inclusive_Logistics_LLC__txwbke-26-31117__0001.0.pdf?mcid=tGE4TAMA INDECK NILES: S&P Rates Proposed $600MM Term Loan B 'BB-' --------------------------------------------------------- S&P Global Ratings assigned its 'BB-' rating and '1+' recovery rating to Indeck Niles LLC's proposed $600 million term loan B (TLB). S&P said, "After reviewing final documents and project debt pricing, our credit view and operating assumptions are unchanged from those at the time of our preliminary rating in February. "Our '1+' recovery rating indicates our expectation for full (100%) recovery in a default scenario. "The stable outlook reflects our expectation for robust debt service coverage ratios (DSCRs) during the asset life, with a minimum DSCR of 2.25x in the post-refinancing period." Indeck Niles Energy Center is a 1,085-megawatt (MW) combined-cycle natural gas–fired power plant located in Niles, Michigan, operating in the Pennsylvania-New Jersey-Maryland Interconnection (PJM)–American Electric Power (AEP) zone. The facility is owned by Korea Southern Power (50%), and DL Energy (30%), Indeck Energy Services (20%). The plant came into service mid- 2022. The plant consists of two GE 7HA.02 gas turbines, two HRSGs, and one GE D600 steam turbine, with output evenly split between the two gas turbines and the steam turbine. It has a net heat rate of approximately 6,400 British thermal units per kilowatt hour (Btu/kWh) and is interconnected to the AEP 345 kV transmission system. The project participates in the PJM market, selling energy, capacity, and ancillary services. The project benefits from a starting leverage of approximately $550/kW, which is low relative to most PJM peers. S&P said, "We forecast a minimum DSCR of approximately 2.25x throughout the asset's life and TLB debt outstanding at maturity of roughly $325 million. While these metrics are consistent with our view of projects assessed at a 'bb', we apply a negative holistic adjustment because Indeck has yet to demonstrate a robust operational track record. While the sponsor may elect an alternative refinancing structure, our base case assumes beginning in 2033, the facility converts to a fully amortizing loan with a sculpted repayment profile, resulting in full debt repayment by 2047." S&P said, "We expect Indeck will continue benefiting from higher capacity prices. We anticipate PJM capacity market conditions will remain tight through the end of the decade, with elevated clearing prices over the next several auctions. We forecast similar market fundamentals will drive this outcome--limited new supply additions coupled with continued load growth--until more meaningful generation development materializes in the early to mid-2030s. We project capacity-based cash flows will represent approximately 40% of Indeck's gross margin over the TLB period. "At the same time, capacity revenues in the PJM market are now expected to cover the majority of fixed operating and maintenance costs for most CCGT facilities. Between 2022 and 2025, energy margins were the primary drivers of cash flows in PJM, with modest contributions from capacity revenues. As a result, during that period, plants remained highly exposed to spark-spread volatility. We anticipate capacity revenues will represent approximately 40% of Indeck's gross margins over the TLB period. As a result, we expect higher capacity prices to benefit our cash-flow forecasts. "The stable outlook reflects our expectation for supportive dispatch levels, minimal forced outages, and elevated energy and capacity prices that provide strong coverage over the TLB and post-refinancing periods, in addition to meaningful debt reduction. We expect the project to repay nearly $275 million of its debt through the TLB period (2026-2032)." S&P could consider a negative rating action if DSCRs fall below 1.35x on a sustained basis. This could occur if: -- The project continues to experience forced outages that reduce its dispatch, increase costs, or result in performance penalties or obligations under its hedging arrangements; -- Economic factors cause the power plant to dispatch materially lower than S&P's base-case expectations; -- S&P's view of the project's operational risk profile deteriorates such that S&P believes it is subject to greater cash flow volatility than peers; -- The project experiences weaker realized spark spreads or lower PJM capacity prices; or -- Excess cash flows do not translate into expected debt paydowns, leading to a higher-than expected debt balance at maturity. S&P could consider a positive rating action on the project if: -- DSCRs remain above 1.8x; -- The project establishes a track record of improved operations characterized by low forced outage rates and capacity factors commensurate with those of a highly efficient, baseload facility; and -- S&P has a qualitative view that its rating on the project can remain in the 'BB' category given the project's single-asset nature and exposure to inherent power price volatility, operational risk, and refinancing risk. INDIVIOR PHARMA: Liabilities Exceed Assets by $208M at June 30 -------------------------------------------------------------- Indivior Pharmaceuticals, Inc.'s stockholder's deficit was US$208.0 million at June 30, 2026. The stockholder's deficit was US$98.0 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$1.2 billion and total liabilities of US$1.4 billion. At Dec. 31, 2025, the Company had total assets of US$1.2 billion and total liabilities of US$1.3 billion. The Company said net cash provided by operating activities was US$220.0 million during the six months ended June 30, 2026, compared to US$233.0 million in the same period of 2025, reflecting strong cash generation from operations partially offset by US$34.0 million in litigation settlement payments and the timing of operational payments. Net cash used in investing activities increased to US$27.0 million from US$22.0 million, primarily due to higher capital expenditures related to the new Raleigh, North Carolina manufacturing facility, with an additional US$10.0 million to US$15.0 million of capital expenditures expected in the second half of 2026. Net cash used in financing activities rose to US$166.0 million from US$22.0 million, driven mainly by higher cash outflows for share repurchases of US$292.0 million, partially offset by US$151.0 million of net cash inflows from the issuance of US$500.0 million of 0.625% Convertible Senior Notes due 2031 and the full repayment of a US$333.0 million term loan; the Company also noted that current liabilities exceed current assets by US$142.0 million and total liabilities exceed total assets by US$208.0 million, but it believes existing cash, investments, cash generated from operations and access to debt financing will support its anticipated cash needs for at least the next 12 months. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=b3dCod About Indivior Pharmaceuticals Indivior Pharmaceuticals, Inc., develops and commercializes pharmaceutical therapies, with a focus on treatments addressing addiction and related mental health conditions. The Company's operations include research and development, manufacturing, and the marketing of branded therapies, and it continues to invest in new production capacity such as its Raleigh, North Carolina manufacturing facility to support future growth. INNOVATE CORP: Agrees to $650M Sale of DBM Global to IES Holdings ----------------------------------------------------------------- INNOVATE Corp. said in a regulatory filing with the Securities and Exchange Commission that, on Aug. 7, 2026, it entered into a Transaction Agreement with IES Holdings, Inc., a Delaware corporation serving as Buyer, IES Merger Sub, Inc., a Delaware corporation serving as Merger Sub, and DBM Global Intermediate Holdco Inc., a Delaware corporation serving as Intermediate. Intermediate and the Company are collectively referred to as the Sellers. Pursuant to the Transaction Agreement, upon the terms and subject to the conditions thereof: (i) Seller will sell, and Merger Sub will purchase from Seller approximately 91.21% of the outstanding shares of common stock of DBM Global, Inc., a Delaware corporation, and (ii) immediately following the Acquisition, Merger Sub will merge with and into DBMG pursuant to Section 253 of the Delaware General Corporation Law, with DBMG surviving the merger as a wholly owned subsidiary of Buyer, for aggregate base purchase consideration valued at $650 million, subject to customary adjustments at closing for cash, working capital, indebtedness, and transaction expenses of DBMG. The Transaction has been approved by the board of directors of each of the Company, Intermediate, Buyer, and Merger Sub. The parties currently expect the Transaction to close in the quarter ending Dec. 31, 2026, subject to the satisfaction of customary closing conditions. Consideration payable to Seller, representing Seller's approximately 91.21% pro rata share of the purchase price, will consist of: (i) 215,487 shares of the Buyer's common stock, par value $0.01 per share, equal to the quotient of (a) $140 million divided by (b) $649.69 (the reference price used for calculating the Stock Consideration pursuant to the terms of the Transaction Agreement) and (ii) approximately $453 million in cash (subject to customary adjustments). Each of the other DBMG stockholders, collectively representing the remaining approximately 8.79% of outstanding shares of DBMG common stock, will be entitled to receive its pro rata share of the purchase price entirely in cash (subject to customary adjustments), unless such stockholder has made a proper demand for appraisal in accordance with Section 262 of the DGCL. The cash consideration payable to Seller is subject to additional adjustments as set forth in the Transaction Agreement, to be finalized following delivery of a post-closing statement and, if necessary, resolution of any disputes through an independent accounting firm. Additionally, Buyer will pay Seller $35 million in cash at the closing of the Transaction as compensation for costs and obligations to be borne by Seller in connection with a joint tax election under Section 338 of the Internal Revenue Code to be made with respect to the Transaction. The Company intends to use all net proceeds from the Transaction to reduce its outstanding indebtedness. Specifically, the Company expects to use the net cash proceeds from the Transaction, as well as any proceeds from the sale of the Stock Consideration, to: (i) repay the Company's revolving credit agreement with MSD PCOF Partners IX, LLC, (ii) mandatorily redeem the Company's 10.5% Senior Secured Notes due 2027 within 15 days after receipt of such net cash proceeds, and (iii) following the indefeasible repayment and satisfaction in full in cash of all obligations under the 10.5% 2027 Senior Secured Notes and all other senior debt, apply the remaining proceeds to its required offer to purchase the Company's 9.5% Convertible Senior Secured Notes due 2027 at a price in cash equal to 100% of the principal amount thereof (unless earlier redeemed), together with accrued and unpaid interest, if any, to the date of purchase. The Company expects that obligations under the Amended and Restated Credit Agreement dated May 20, 2025, by and among DBMG, the lenders party thereto from time to time and UMB BANK, N.A., will be repaid or otherwise satisfied at or before closing, which will reduce the cash proceeds available. The closing of the Transaction is subject to the satisfaction or waiver of certain customary closing conditions, including, among others: (i) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, (ii) the absence of any order enjoining, restraining, or otherwise preventing the consummation of the Acquisition, (iii) the clearance by the SEC of the information statement (the "Parent Information Statement") to be filed by the Company at least 20 days prior to the closing date, (iv) the accuracy of the representations and warranties made by Seller and Buyer, subject to certain specified materiality standards and certain exceptions, (v) performance by Seller and Buyer of their respective covenants and agreements under the Transaction Agreement in all material respects, (vi) the absence of any Material Adverse Effect (as defined in the Transaction Agreement) since July 4, 2026, and (vii) the receipt by Buyer of duly executed copies of employment agreements with certain DBMG employees entered into concurrently with the Transaction Agreement, each of which shall not have been terminated by the employees party thereto prior to Aug. 28, 2026. Buyer's obligations under the Transaction Agreement are not conditioned on receipt of financing. The Company expects the Transaction to be taxable for U.S. federal income tax purposes. The Company made customary representations, warranties and covenants in the Transaction Agreement, including, among others, and subject to certain exceptions, covenants to use reasonable best efforts to cause DBMG and its subsidiaries to conduct its business and operations in the ordinary course consistent with past practice during the period between the date of the Transaction Agreement and the earlier of the closing date of the Transaction and the termination of the Transaction Agreement, as well as covenants not to engage in specified types of actions during this period. The Transaction Agreement also contains certain non-competition and non-solicitation provisions, pursuant to which the Company has agreed, for a period of five years following the closing of the Transaction, to, subject to certain exceptions, not to engage in, or to enter into any business arrangement with or acquire any equity interests in any person engaging in, any business that is the same as, substantially similar to, or competitive with any business conducted by DBMG or its subsidiaries as of the effective time of the Merger, in each case within the territories in which DBMG or its subsidiaries conduct, or have conducted business operations or have had customers during the 24 months prior to the effective time of the Merger. Subject to certain terms and conditions and limitations set forth in the Transaction Agreement, the Company has agreed to indemnify the Buyer and certain related persons for losses arising in certain circumstances, including: (i) breaches of representations and warranties of Seller, (ii) breaches of covenants or agreements made by or on behalf of Seller, (iii) certain tax matters, and (iv) claims with respect to fraud. Holders of a majority of the voting power of the outstanding shares of capital stock of the Company have executed and delivered an irrevocable written consent approving the Transaction Agreement and the transactions contemplated thereby, for purposes of Section 271 of the DGCL. In connection with the Transaction, the Company will prepare and file with the SEC the Parent Information Statement on Schedule 14C and will mail the Parent Information Statement to the Company's stockholders of record at least 20 days prior to the closing date of the Transaction. The Transaction Agreement contains certain termination rights, including that either Seller or Buyer may terminate the Transaction Agreement if, subject to certain limitations, the Transaction has not closed by the date that is six months after the date of the Transaction Agreement, subject to up to two automatic three-month extensions under certain circumstances. No termination fee shall be payable by either party in connection with any such termination; however, termination of the Transaction Agreement will not relieve any party from liability for any Willful and Material Breach (as defined in the Transaction Agreement) of any covenant or agreement set forth in the Transaction Agreement. Under the Transaction Agreement, the Stock Consideration will be subject to a lock-up period following closing of the Transaction, which will expire upon the earlier to occur of 60 days after the closing date of the Transaction and the date that the registration statement for the resale of the registration statement to register the resale by Seller of all shares received as Stock Consideration is declared effective. The Transaction Agreement provides that Buyer will use its commercially reasonable efforts: (i) if eligible for automatic effectiveness, to file the Registration Statement on an automatically effective basis promptly after it files its Annual Report on Form 10-K in respect of its fiscal year ended Sept. 30, 2026 or (ii) otherwise to file the Registration Statement as promptly as practicable following the closing of the Transaction. The Stock Consideration will be subject to additional terms and conditions set forth in a Lock-Up Agreement to be entered into by the Company and Buyer at the closing of the Transaction. The cash portion of the proceeds that Seller receives from the Transaction will not of itself be sufficient to repay the Company debt instruments that will come due, and the amount of proceeds received from any sale of the stock portion of the consideration for the Transaction will depend upon market prices at the time of such sale. As a result, if the lock up period described above has not expired by the time at which the Company is required to repay its debt instruments, the Company would need to secure financing to make those payments, or secure payment extensions, in order to apply funds from sale of the stock portion of the DBMG Sale consideration to repayment of those instruments. A full text copy of the Transaction Agreement is available at https://tinyurl.com/38862ybs The Transaction Agreement has been included to provide investors with information regarding its terms. It is not intended to provide any other factual information about the Company, Buyer or any of their respective affiliates. In particular, the representations and warranties contained in the Transaction Agreement were made only for the purposes of the Transaction Agreement as of the specific dates therein, and were solely for the benefit of the parties to the Transaction Agreement. The representations and warranties contained in the Transaction Agreement may be subject to limitations agreed upon by the parties to the Transaction Agreement and are qualified by information in confidential disclosure schedules provided in connection with the signing of the Transaction Agreement. These confidential disclosure schedules contain information that modifies, qualifies and creates exceptions to the representations and warranties set forth in the Transaction Agreement. Moreover, certain representations and warranties in the Transaction Agreement may be subject to a standard of materiality provided for in the Transaction Agreement and have been used for the purpose of allocating risk among the parties, rather than establishing matters of fact. Investors are not third-party beneficiaries under the Transaction Agreement and should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, Buyer or any of their subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Transaction Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures. The Transaction Agreement should not be read alone but should instead be read in conjunction with the other information regarding the parties that is or will be contained in, or incorporated by reference into, documents that the Company has filed or will file with the Securities and Exchange Commission. The Transaction, together with the previously announced merger of HC2 Broadcasting Holdings Inc. and its subsidiaries with CONX Corp., will, if completed, substantially reshape the Company's business. If consummated, the Transaction and the Spectrum Merger would eliminate substantially all of the Company's consolidated operating revenue, and the Company's assets would consist largely of net proceeds of the Transaction remaining after required payments of indebtedness (including any proceeds from a sale of the Stock Consideration), of which the Company expects there to be none, the Company's minority interest in the entity surviving the Spectrum Merger, the Company's remaining Life Sciences segment and limited remaining Other segment activities. In addition, following completion of the Transaction and the Spectrum Merger, the Company expects that it may become classified as an inadvertent investment company under the Investment Company Act of 1940, as amended, and intends to rely on the "transient investment company" exclusion under Rule 3a-2 thereunder. As a result, the Company's past financial results may not be a reliable indicator of future performance and historical trends should not be unduly used to anticipate results or trends in future periods. Important related information is set forth under "Risk Factors" in the prospectus supplement dated Aug. 10, 2026 filed by the Company with the SEC. Supplemental Indentures In connection with the Transaction, on Aug. 7, 2026, the Company, certain subsidiary guarantors, and U.S. Bank Trust Company, National Association, as trustee and collateral trustee, entered into two supplemental indentures: (i) a supplemental indenture to the Indenture, dated Aug. 4, 2025, governing the 10.500% 2027 Senior Secured Notes and (ii) a supplemental indenture to the Indenture, dated Aug. 4, 2025, governing the 2027 Convertible Notes. Each DBMG Supplemental Indenture was entered into with the consent of the holders of at least a majority in aggregate principal amount of the outstanding Notes of the applicable series voting as a single class and, with respect to the release of liens on collateral securing the Notes, with the approval of holders of at least 66 2/3% of the aggregate principal amount of the Notes of the applicable series. Each DBMG Supplemental Indenture amended the applicable indenture to, among other things, permit and provide for the Transaction and waive any and all defaults, events of default or other defaults that may have occurred, or that may arise under the Indentures as a result thereof. Pursuant to the Senior Secured Notes Supplemental Indenture, the Transaction will not constitute an "Asset Sale" or a "Change of Control" under the Senior Secured Notes Indenture, and net cash proceeds from the Transaction, after any permitted repayment of revolving debt under the Revolving Line of Credit, must be applied to redeem the 10.500% 2027 Senior Secured Notes within 15 days after receipt. In addition, the 2027 Convertible Notes Indenture requires that the Company make an offer to purchase the 2027 Convertible Notes at a price in cash equal to 100% of the principal amount thereof (unless earlier redeemed), together with accrued and unpaid interest, if any, to the date of purchase, for settlement within 45 days of closing the Transaction. Under each DBMG Supplemental Indenture, all net cash proceeds of the Transaction are required to be held in a deposit account subject to a control agreement, and all non-cash proceeds of the Transaction are required to be subject to a valid and enforceable perfected lien in favor of the collateral trustee for the benefit of the holders of the applicable series of Notes. Each DBMG Supplemental Indenture also provides for the release of liens on collateral disposed of in connection with the Transaction. Full text copies of the Supplemental Indentures are available at https://tinyurl.com/bdcxamsf and https://tinyurl.com/3r5uah6n. About Innovate INNOVATE Corp. is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. The Company seeks to grow these businesses so that they can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. While the Company generally intends to acquire controlling equity interests in its operating subsidiaries, the Company may invest to a limited extent in a variety of non-controlling equity interest positions or debt instruments. The Company's shares of common stock trade on the New York Stock Exchange under the symbol "VATE." Atlanta, Georgia-based BDO USA, P.C., the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has significant upcoming maturities of its debt obligations and is subject to certain cross-default provisions. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2026, the Company had $1,006,700 million in total assets, $1,226,700 in total liabilities, $8.6 million in total temporary equity, and $228.6 million in total stockholders' deficit. INNOVATE CORP: Launches Up to $31M At-the-Market Stock Offering --------------------------------------------------------------- INNOVATE Corp. said in a regulatory filing with the Securities and Exchange Commission that, on Aug. 10, 2026, it entered into an Open Market Sale Agreement with Jefferies LLC. Under the Sales Agreement, the Company may offer and sell, from time to time, through Jefferies as its sales agent, shares of its common stock, par value $0.001 per share. Pursuant to a prospectus supplement to be filed on Aug. 10, 2026, the Company may offer and sell Shares having an aggregate offering amount not exceeding $31 million. The Company is not obligated to sell any Shares under the Sales Agreement. Upon delivery of an issuance notice and subject to the terms and conditions of the Sales Agreement, Jefferies will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable laws and regulations, to sell Shares from time to time based upon the Company's instructions, including any price, time, or size limits or other customary parameters or conditions the Company may specify, subject to certain limitations. Under the Sales Agreement, Jefferies may sell Shares in: (i) negotiated transactions with the consent of the Company or (ii) by any method that is deemed to be an "at-the-market offering" as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended, including block transactions, sales made directly on the New York Stock Exchange, or sales made into any other existing trading market of the Common Stock. The Company will pay Jefferies a commission equal to 3% of the gross sales proceeds of any Shares sold through Jefferies under the Sales Agreement. The Company has also provided Jefferies with customary indemnification and contribution rights. The Sales Agreement contains customary representations and warranties and conditions to the placements of Shares pursuant thereto. The offering of Shares pursuant to the Sales Agreement will terminate as permitted therein. The issuance and sale, if any, of Shares under the Sales Agreement will be made pursuant to the Company's Registration Statement on Form S-3 (File No. 333-274760), filed with the SEC on Sept. 29, 2023 and declared effective on Oct. 6, 2023, including the prospectus, dated Oct. 6, 2023, and the Prospectus Supplement. Cleary Gottlieb Steen & Hamilton LLP, counsel to the Company, has issued a legal opinion relating to the validity of the Shares. A copy of such legal opinion is available at https://tinyurl.com/y3wnnmhw. A full-text copy of the Sales Agreement is available at https://tinyurl.com/up8fxunb. About Innovate INNOVATE Corp. is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. The Company seeks to grow these businesses so that they can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. While the Company generally intends to acquire controlling equity interests in its operating subsidiaries, the Company may invest to a limited extent in a variety of non-controlling equity interest positions or debt instruments. The Company's shares of common stock trade on the New York Stock Exchange under the symbol "VATE." Atlanta, Georgia-based BDO USA, P.C., the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has significant upcoming maturities of its debt obligations and is subject to certain cross-default provisions. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2026, the Company had $1,006,700 million in total assets, $1,226,700 in total liabilities, $8.6 million in total temporary equity, and $228.6 million in total stockholders' deficit. INSPIRED HEALTHCARE: 2nd PCO Report Says No Resident Care Complaint ------------------------------------------------------------------- Terri Cantrell, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Florida senior living facilities. In her report which covers the period from June 6 to Aug. 4, the PCO has established monitoring plans for each of the six Florida facilities pursuant to which designated District or Regional Ombudsmen ("Representatives") conduct site visits, interview residents and staff, and provide monitoring information. The PCO's Representatives found that the six Florida facilities are, in general, operating with stability with respect to the delivery of basic resident care and services during the Report Period. Across all six facilities, the following consistent findings were noted: * The Resident Bill of Rights and current activity calendars were posted, and residents' rights materials were distributed to residents during the visits. * Residents interviewed generally reported satisfaction with staff, care, and food service, and no formal resident complaints were filed at any facility during the Report Period. * Staffing was reported to be generally stable, with minimal turnover, no widespread walkoffs, and no use of agency or contract staff attributable to the bankruptcy. * The facilities reported maintaining essential vendor contracts for food, pharmacy, and laundry without interruption, and administrators reported no outstanding vendor balances requiring resolution during the Report Period. * Memory Care residents were observed to be clean, appropriately groomed, and comfortable, with adequate supervision and assistance during meals and activities. * Two concerns identified in the First Report were resolved during the Report Period: the air conditioning issue previously reported in the Assisted Living dining area at Azalea at Delray Beach, and the cable television disconnection previously reported at Salterra of Fort Myers. * Multiple facilities reported tours by prospective purchasers and completed operator audits during the Report Period, consistent with the pending sale process; administrators generally reported that the sale process had not adversely affected resident care. The PCO finds that the six Florida facilities are generally maintaining adequate standards of resident care and services notwithstanding the pending Chapter 11 proceedings based upon the site visits conducted during the Report Period. No formal resident complaints were received at any facility, and no condition was identified that constitutes an immediate threat to patient health, safety, or welfare. A copy of the ombudsman report is available at https://urlcurt.com/u?l=E4Ss1N from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Terri Cantrell Long-Term Care Ombudsman Program Florida Department of Elder Affairs 4040 Esplanade Way Tallahassee, Florida 32399 (850) 414-2331 Email: cantrellt@elderaffairs.org 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. INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says ----------------------------------------------------------------- Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Grapevine, Texas senior living facility. The PCO provides this second report regarding her efforts at the Mariella Grapevine, Texas located in the Dallas, Texas Metroplex. Grapevine is a one-story building that is licensed for a total capacity of 106 assisted living ("AL") residents and nineteen memory AL ("Memory") residents. The PCO conducted a second site visit. The building was clean and odor-free, the grounds appeared recently mowed, the dumpster appeared recently emptied, and visitor restrooms were clean and adequately stocked. The PCO stated that several key individuals were not present during the visit, including the Chief Nurse, the departed Memory Program Manager, the Maintenance Manager, and the Resident Council President. The Interim General Manager was touring a potential purchaser with a member of the Debtors' Executive Leadership Team. Moreover, the Texas Health and Human Services long-term care inspectors made regular monitoring visits and communicated their reports to the PCO. The state long-term care ombudsman team reported no resident concerns during this reporting period. The Debtors expected the new pharmacy vendor to begin in mid August, following a notice period with the existing vendor. The PCO will continue monitoring the transition through the Chief Nurse and General Manager. The PCO found no evidence of a decline in resident care quality under the cited bankruptcy provision. She attributed some of the facility's stability to the continued involvement of the third party consulting company, which appears to help minimize vendor related problems. Ms. Goodman noted the stalking-horse Asset Purchase Agreement. As the auction progresses and a buyer is selected, she will monitor staff reactions, especially if management oversight moves away from the current consultant. The report presents Grapevine as stable, clean, and without reported resident-care concerns. Regulatory monitoring has continued without reported resident issues, and the third-party consultant appears to be helping maintain operational stability. The main matters the PCO will continue watching are the pharmacy transition and the potential effects of the upcoming ownership and management changes. A copy of the ombudsman report is available at https://urlcurt.com/u?l=N61cbM from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says ----------------------------------------------------------------- Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Dartmouth, Massachusetts senior living facility. The Residence of Cedar Dell is managed by a third-party company called LCB. Cedar has sixty-one assisted/independent-living apartments and seventeen memory-assisted living apartments. The first floor, secure memory unit offered a double occupancy unit. The PCO stated that the Executive Director (ED) left during the reporting period. The departing ED said the departure was unrelated to the bankruptcy process. The third-party management company, LCB, quickly appointed an experienced assisted living professional with local ties as the replacement. The Memory Care Director also left, with recruitment for a replacement underway; this turnover was likewise unrelated to the bankruptcy. The PCO noted that the facility reported no resident complaints about LCB or its staff. However, one assisted living family expressed concern that LCB could be removed through a potential third-party joint-venture ownership sale. The concern reflects the strong reputation and popularity LCB has developed among Cedar Dell residents and staff. The PCO spoke with the state ombudsman assigned to Cedar Dell, who reported positively on the facility and identified no concerns. Several capital repairs identified in the Initial Report remained unresolved, including roof fascia, an inoperable common-area toilet, and missing courtyard roof shingles. LCB staff reattached the rain gutter/downspout as much as possible without a third party vendor being engaged by the Debtors. Ms. Goodman observed that chef and dining staff remained unchanged. The new ED reported no resident concerns from initial meetings with resident and food councils. No other departmental challenges were reported. Despite the leadership changes, the most significant concern was fear that the current, well-liked management company and operational team could be replaced as a result of the sale process. The PCO plans to defer her next site visit until after the auction results so she can assess resident and staff reactions to the outcome. She received no reports raising concerns under the cited bankruptcy provision and remains comfortable with a maximum 60-day interval between reports. Moreover, Cedar Dell experienced leadership turnover, but the changes were reported as unrelated to bankruptcy and were addressed with replacements or ongoing recruitment. Residents generally appear satisfied, with the primary concern being the possibility that LCB and the existing operational team could be displaced by a future sale. Several previously identified building repairs also remain outstanding. A copy of the ombudsman report is available at https://urlcurt.com/u?l=pwfW2s from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: No Decline in Resident Care, PCO Report Says ----------------------------------------------------------------- Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' San Marcos, Texas senior living facility. The provides this second report regarding her efforts at Mariella at Sage Spring located in the I-35 Corridor South of Austin in San Marcos, Texas. Sage has sixty-eight assisted living ("AL") units and twenty-four memory assisted living units ("Memory"). The PCO cited that several medication technician and caregiver employees left for a newly opened competing assisted living facility. The Health and Wellness Director (HWD) covered schedule gaps and caregiver overtime while replacements were recruited. By the time of the report, the vacant positions had been filled, with additional PRN staff still being recruited. Contracted registered nursing support remained in place for medication delegation, training, and sign-off. However, staff denied supply shortages and reported sufficient personal protective equipment (PPE) for routine operations and required backup supplies. No problems with resident dining were reported. The PCO received no resident or family concerns, and the state ombudsman team also reported no concerns. The PCO observed that maintenance staffing remained unchanged. Plumbing problems arose during the reporting period but were promptly addressed with support from the consulting management company. Staff continued to credit the consultant with helping maintain operational stability. Ms. Goodman noted that her monitoring did not indicate a decline in care quality under the cited bankruptcy provision. The staff turnover was described as significant but was considered operational and unrelated to the bankruptcy process. Moreover, a stalking-horse bidder designation covering Sage Spring and four other facilities was filed. The designation indicates that future ownership interests may differ from the current owners' involvement. Although changes in management or consultants could eventually cause staff turnover, the PCO does not anticipate immediate turnover from the designation. The PCO plans to monitor residents' and employees' reactions to the auction results and intends to visit Sage Spring again after the results are announced. Sage Spring experienced notable staff turnover, particularly among medication technicians, caregivers, and the dietary manager, but the vacancies were addressed and the PCO found no evidence of declining care quality, significant resident concerns, or supply problems. The primary ongoing uncertainty is the potential ownership change and its effect on staff and operations. A copy of the ombudsman report is available at https://urlcurt.com/u?l=zyXJhO from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says ------------------------------------------------------------------ Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Mequon, Wisconsin senior living facility. The Teal facility is an expansive, three-story building situated on a twenty-acre property just north of Milwaukee, Wisconsin. Leadership reported that Teal was built in 2004. It sits back from the main road in an area with mixed use commercial properties including a nearby boutique restaurant and shopping area. Two different resident service levels are provided at Teals. The first is called Residential Care Apartment Complex services, consistent with a layperson's general understanding of independent living and low-need assisted living services. The other is called Community Based Residential Facility services. The Community Based Residential Facility service level provides assisted living and memory assisted living care. The PCO monitored the facility remotely during this reporting period and found no resident-care concerns under the cited bankruptcy provision. Leadership, staffing levels, and occupancy remained largely unchanged from the Initial Report. The PCO stated that regional nursing leadership reported no staffing difficulties and no problems with continued vendor support. No resident grievances were received. The facility also continued to report strong quality-monitoring results. The PCO noted that a stalking-horse bidder for Teal Shores (Mequon) and Ballard Glenn (Appleton) was identified in a July 11, 2026 filing. The bidder for Teal is reportedly affiliated with the current management company. The PCO is hopeful this could allow residents to retain the operational team they have expressed a desire to keep. The PCO credits the management company's involvement since 2024 with helping maintain the facility's stability. She also believes its Wisconsin presence, reputation, and scale help attract and retain local staff. Ms. Goodman cited that if the stalking-horse bidder wins and the current management team remains in place, the PCO would be comfortable continuing remote monitoring through the sale's completion. If the auction results in replacement of the third-party management company and operational staff, she would resume on-site visits. Moreover, Teal appears stable, with no reported resident-care, staffing, vendor, or grievance concerns. The main issues are the pending ownership process and delayed capital improvements. Continued stability will depend largely on whether the current management and operational team remains in place. A copy of the ombudsman report is available at https://urlcurt.com/u?l=f0Rw4U from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says ------------------------------------------------------------------ Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' New Braunfels, Texas senior living facility. The PCO provides this second report regarding her efforts at The Blake at New Braunfels located in the I-35 Corridor South of Austin in New Braunfels, Texas. The Blake is a large, two-story building offering 71 Assisted Living ("AL") apartments3 and forty-one memory units ("Memory"). The PCO stated that management reported no staffing or turnover problems, either among direct-care employees or support staff in dietary services, housekeeping, and facilities. The clinical staffing levels remain consistent with the Initial Report. Management continued to report no supply shortages or pharmacy vendor problems, including no issues involving housekeeping, maintenance, or dietary supplies. The PCO received no grievances, and the state long-term-care ombudsman team reported no concerns regarding the facility. The PCO observed that meal delivery times were recently changed to separate food service for assisted living and memory assisted living residents. Some residents complained about this change, but it was described as an operational issue unrelated to the bankruptcy proceedings. No other resident concerns were reported. Ms. Goodman noted that her remote monitoring found no concerns regarding resident care delivery under the cited bankruptcy provision. The PCO plans to conduct the next site visit after the auction results are announced. If the auction leaves the Blake team with its current employer, the PCO believes remote monitoring may be sufficient, provided the current management team remains and residents do not raise concerns. Moreover, the Blake appears operationally stable, with no reported staffing, supply, pharmacy, or resident-care problems. The only noted resident dissatisfaction involved changes to meal delivery times. The PCO's future monitoring will depend largely on the outcome of the auction and whether the current management team remains in place. A copy of the ombudsman report is available at https://urlcurt.com/u?l=Sooidu from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: No Resident Care Concern, 2nd PCO Report Says ------------------------------------------------------------------ Susan Goodman, the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her second report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' Round Rock, Texas senior living facility. The PCO provides this second report regarding her efforts at Mariella at Round Rock ("Round Rock" or "Teravista") located in the I-35 Corridor North of Austin, Texas. Round Rock's one-story building, constructed in 2016, has fifty-two assisted living ("AL") units and twenty-four secure memory units ("Memory"). The PCO stated that Teravista replaced its memory care manager with a licensed vocational nurse (LVN), with plans to add another LVN alongside the Health and Wellness Director. The facility also stopped relying on third-party agency clinical staff. Only two medication aide positions remained open when the report was filed. The PCO observed that the building's activities/lifestyle staffing increased from 1.5 FTEs to 3.5 FTEs under the third-party management consultant. This was part of broader efforts to improve the facility's culture and refurbish the building following earlier occupancy losses. The operational team reported no material grievances during the reporting period. Residents did request name tags, and management is responding. The state long term care ombudsman team also reported no concerns regarding the Texas facilities. The PCO noted that she was informed by Teravista about an elopement incident and provided updates regarding regulatory review and corrective actions. Regulators directed the facility to replace its exterior keypad system with one that allows codes to be reset. The PCO expects this safety-related capital improvement to be addressed promptly. A replacement pharmacy vendor was previously identified as necessary. The transition, originally planned for August 12, 2026, was moved forward to the end of July 2026 to align with prescription refill cycles. The PCO will continue monitoring the transition. Ms. Goodman cited that her remote monitoring did not identify concerns requiring action under the cited bankruptcy provision. She noted that the consultant’s involvement has helped buffer residents from operational problems, although the consultant’s limited decision-making authority can sometimes slow resolution of issues. Moreover, a stalking-horse bidder designation was filed covering Teravista and four other facilities. This indicates potential future changes in ownership and management. Although such changes could lead to staff turnover, the PCO does not currently anticipate turnover resulting from the designation. The PCO plans to conduct future site visits after auction results are announced to evaluate resident and staff reactions and to check on completion of the required keypad replacement. The report portrays Teravista as continuing to stabilize through staffing improvements, increased activities support, reduced reliance on agency clinical staff, and operational changes. The main outstanding safety issue is replacement of the exterior keypad system, while the facility also faces a potential ownership transition that the PCO will monitor. A copy of the ombudsman report is available at https://urlcurt.com/u?l=zq2kvS from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Ms. Susan Goodman PIVOT HEALTH LAW, LLC P.O. Box 69734 Oro Valley, AZ 85737 Cell: 520.971.8072 Message: 520.744.7061 Fax: 520.575.4075 Email: sgoodman@pivothealthaz.com 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. INSPIRED HEALTHCARE: PCO Report Says No Decline in Resident Care ---------------------------------------------------------------- Laurie Facciarossa Brewer, the duly appointed patient care ombudsman, filed with the U.S. Bankruptcy Court for the Northern District of Texas her first supplemental report regarding the quality of patient care provided at Inspired Healthcare Capital Holdings, LLC and affiliates' New Jersey senior living facility. In the report which covers June 10 to Aug. 9, the State Long-Term Care Ombudsman ("SLTCO") noted that the decrease in census was due to residents passing away since the previous reporting period. As of July 20, 2026, there were 88 assisted living residents and 25 memory care residents at Azalea at Hamilton. The ombudsman representative conducted one unannounced site visit on July 20, and interviewed 10 residents and several facility department leaders. All 10 residents interviewed said they were treated well and had no facility-related concerns. The resident responsible for Town Hall meetings also reported no bankruptcy-related concerns. Facility management reported no problems paying bills, service interruptions, staffing problems, or personnel issues. The ombudsman representative observed the facility to be clean and well-maintained, without hallway clutter or unpleasant odors. Memory care residents appeared well cared for. The Wellness Department reported no staffing changes and no problems involving the pharmacy, deliveries, or necessary supplies. The PCO's monitoring did not identify any decline in resident care or material adverse effects resulting from the bankruptcy during the reporting period. A copy of the ombudsman report is available at https://urlcurt.com/u?l=gK4jcq from Epiq Corporate Restructuring, LLC, claims agent. The ombudsman may be reached at: Laurie Facciarossa Brewer NJ Long-Term Care Ombudsman Office of the State Long-Term Care Ombudsman PO Box 852 Trenton, NJ 08625 1-877-582-6995 Email: Laurie.Brewer@ltco.nj.gov 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. INVATECH PHARMA: Plan Exclusivity Period Extended to Aug. 25 ------------------------------------------------------------ Judge Christine M. Gravelle of the U.S. Bankruptcy Court for the District of New Jersey extended InvaTech Pharma Solutions, LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to Aug. 25 and Oct. 24, 2026, respectively. In a court filing, the Debtor explains that it previously engaged Spektrum Capital Advisors, LLC to evaluate letters of intent and bids it received from multiple potential investors. With the guidance of this financial professional, the Debtor analyzed its options and successfully selected a stalking horse bidder. The stalking horse was determined to be the winning bidder. Soon thereafter, the sale hearing was schedule and the sale order entered. The Debtor claims that the closing of the sale transaction is in its final stages and awaiting the resolution of one matter. Once resolved, the sale transaction will be finalized and the Debtor will be able to finalize its plan of reorganization. The Debtor states that it has spent considerable time and effort negotiating with the prospective investors, selected a stalking horse bidder and thereafter the winning bidder, and received authorization from the Court to conclude the sale of the Debtor. Due to the length and complexity of the ongoing negotiations and discussions hitherto engaged, there will be insufficient time before the current exclusivity period expires to finalize a plan of reorganization. The Debtor states that it has continued to keep an open line of communication with interested parties concerning all matters related to the case. As detailed in the Fourth Patel Certification, the Debtor has successfully conducted extensive negotiations that have informed the Debtor's decisions on an appropriate plan. At this point, all that remains is the completion of the due diligence process between the anticipated stalking horse bidder and Debtor’s landlord to finalize the Debtor's plan. The Debtor asserts that it is not seeking an extension of the exclusive period to pressure creditors to submit to any demands. The Debtor anticipates that the substantive terms around which a plan will be proposed will be reached shortly. The Debtor further asserts that to the best of the company's knowledge there are no significant unresolved contingencies that would substantially disrupt the Debtor's ability to satisfy its obligations to file a plan within the time period provided for by the Code. InvaTech Pharma Solutions LLC is represented by: Daniel M. Stolz, Esq. Donald W. Clarke, Esq. Genova Burns LLC 110 Allen Road, Suite 304 Basking Ridge, NJ 07920 Email: (973) 467-2700 About InvaTech Pharma Solutions LLC InvaTech Pharma Solutions LLC, doing business as Inva Tech Pharma Solutions LLC and Inva-Tech Pharma Solutions LLC, is a specialty pharmaceutical company that develops, manufactures, and markets generic prescription products. The Company's cGMP-compliant facility supports ANDA scale manufacturing and packaging of tablets, capsules, and liquid in bottles. With a dedicated team, InvaTech is committed to meeting industry regulations, exceeding deadlines, and delivering exceptional service to its partners. InvaTech Pharma Solutions LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-11482) on February 13, 2025. In its petition, the Debtor reported estimated assets between $1 billion and $10 billion and estimated liabilities between $10 million and $50 million. Judge Christine M. Gravelle oversees the case. Daniel M. Stolz, Esq., at Genova Burns, LLC is the Debtor's legal counsel. Citibank, N.A., as secured creditor, is represented by: Teresa Sadutto-Carley, Esq. Goetz Platzer LLP One Penn Plaza 31st Floor New York, NY 10119 Telephone: 212-593-3000 Facsimile: 212-593-0353 tsadutto@goetzplatzer.com Provident Bank, as secured creditor, is represented by: Angela Nascondiglio Stein, Esq. Meyner and Landis LLP One Gateway Center, Suite 2500 Newark, NJ 07102 (973) 602-3432 astein@meyner.com INVO FERTILITY: Alumni Capital Discloses 9.99% Equity Stake ----------------------------------------------------------- Alumni Capital LP -- together with Alumni Capital GP LLC and Ashkan Mapar -- disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of Aug. 4, 2026, they beneficially own 272,249 shares of INVO Fertility, Inc.'s Common Stock, with shared voting power and shared dispositive power over all 272,249 shares, and no sole voting or dispositive power, representing 9.99% of the shares outstanding. The shares are held pursuant to an Any Market Purchase Agreement dated July 24, 2026. The Fund currently owns 157,934 shares and may acquire additional shares at the Issuer's direction, subject to a 9.99% Purchase Agreement Ownership Limitation. The aggregate amount beneficially owned by each reporting person excludes certain shares due to this limitation. Each Reporting Person disclaims beneficial ownership except to the extent of their pecuniary interest. Alumni Capital GP LLC is the general partner of Alumni Capital LP, and Ashkan Mapar is the control person of the General Partner. Alumni Capital LP (and related reporting persons) may be reached through: Ashkan Mapar Alumni Capital LP 601 Brickell Key Dr. Suite 700 Miami, FL 33131 Tel: (818) 438-9794 A full-text copy of the SEC Report is available at https://tinyurl.com/2spmkc4z. About INVO Fertility INVO Fertility, Inc. is a healthcare services and technology company focused on the fertility marketplace and dedicated to expanding access to assisted reproductive technology care to patients in need. Irvine, California-based WithumSmith+Brown, PC, the Company's auditor since 2025, issued a "going concern" qualification in its report dated June 2, 2026, attached to the Company's Annual Report, citing that the Company has suffered recurring losses and negative cash flows from operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $24.6 million in total assets, $9.6 million in total liabilities, and $15 million in total shareholders' equity. IRIDIUM PROPERTY: Case Summary & Two Unsecured Creditors -------------------------------------------------------- Debtor: Iridium Property Investments, LLC 2201 Alton Parkway Irvine, CA 92606 Business Description: Iridium Property Investments, LLC, is engaged in activities related to real estate. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-12437 Judge: Hon. Scott C Clarkson Debtor's Counsel: Summer Shaw, Esq. SHAW & HANOVER, PC 44-901 Village Court, Suite B Palm Desert, CA 92660 Tel: (760) 610-0000 Fax: (760) 687-2800 E-mail: ss@shaw.law Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Michael J. Rogerson as manager. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QKLYIPI/Iridium_Property_Investments_LLC__cacbke-26-12437__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Two Unsecured Creditors: Entity Nature of Claim Claim Amount 1. CalPrivate Bank $1,050,115 Attn: Officer Dir or Managing Agent 9404 Genesee Ave, Suite 100 La Jolla, CA 92037 2. Voit Real Estate Services Unpaid Commission $27,513 Attn: Travis Forster 2020 Main Street, Ste. 100 Irvine, CA 92614 J. PORTER ENTERPRISES: Case Summary & 20 Top Unsecured Creditors ---------------------------------------------------------------- Debtor: J. Porter Enterprises, LLC 11104 Station Road Huntingdon, PA 16652 Business Description: J. Porter Enterprises, LLC is a Huntingdon, Pennsylvania-based contractor that provides natural gas distribution, utility contracting and excavation services. Founded in 2014, the company also provides grading and land clearing, trucking and hauling, snow removal, stone and material sales, and small construction and general contracting services to residential and commercial customers throughout central and southern Pennsylvania. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Middle District of Pennsylvania Case No.: 26-02248 Judge: Hon. Henry W Van Eck Debtor's Counsel: Robert E. Chernicoff, Esq. CUNNINGHAM, CHERNICOFF & WARSHAWSKY PC 2320 N. Second St. Harrisburg, PA 17110 Tel: (717) 238-6570 Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Rachel A. Porter as member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KWWSWUQ/J_Porter_Enterprises_LLC__pambke-26-02248__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KD5HQEY/J_Porter_Enterprises_LLC__pambke-26-02248__0001.0.pdf?mcid=tGE4TAMA JE LEY EARTHMOVING: Voluntary Chapter 11 Case Summary ----------------------------------------------------- Debtor: JE Ley Earthmoving, LLC PO Box 355 Lockeford CA 95237-0355 Case No.: 26-24488 Business Description: J E Ley Earthmoving LLC is a general engineering contractor that provides earthmoving, land preparation and related contracting services to customers in and around San Joaquin County, California. Chapter 11 Petition Date: August 5, 2026 Court: United States Bankruptcy Court Eastern District of California Judge: Hon. Christopher D. Jaime Debtor's Counsel: David Foyil, Esq. EQUAL JUSTICE LAW GROUP 601 Court Street Suite 106 Jackson CA 95642 Tel: 209-223-5363 E-mail: davidfoyil@equaljusticelawgroup.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Joey Ley as owner and manager. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3ZSRHFI/JE_Ley_Earthmoving_LLC__caebke-26-24488__0001.0.pdf?mcid=tGE4TAMA JOHN FITZGIBBON: No Supply Concerns at TLC Facility, PCO Says ------------------------------------------------------------- Scott Pummell, Esq., the patient care ombudsman, filed with the U.S. Bankruptcy Court for the Western District of Missouri his report regarding the quality of patient care provided at John Fitzgibbon Memorial Hospital, Inc. and Fitzgibbon Health Services' Fitzgibbon Health Services doing business as The Living Center nursing facility. TLC is licensed for 99 beds and provides long-term, skilled, memory, and respite care. It currently staffs 70 beds and typically has a daily census of 65–72 residents, with a budget of 70. TLC maintains a nurse-to-resident ratio of approximately 1:25 in general residency units and 1:14–16 in memory care, along with medication technicians on day and night shifts. The ombudsman stated that the administrator reported that staffing levels have remained consistent since the bankruptcy. However, recruiting qualified healthcare professionals remains difficult. TLC is taking steps to improve recruitment and reduce employee turnover and is monitoring whether the bankruptcy affects recruitment. Management reported that, to its knowledge, nursing staff departures have not been related to the bankruptcy. Mr. Pummell noted that TLC initially made some adjustments to vendor and supplier arrangements because of bankruptcy-related requirements. However, there have been no substantial shortages of medications or other supplies, and there have been no recent disruptions. Medical equipment remains properly maintained and functional. TLC continues to obtain stock medications from the Hospital pharmacy and has access to a contract pharmacy when medications are unavailable. On July 29, TLC received notice of three state and federal complaints concerning: * Documentation of required notification to a patient's family about a medication change; * Infection control; and * Care plan requirements. As of the report, TLC had not received written citations describing the alleged issues in detail. The ombudsman concluded that TLC's staffing, medication and supply availability, and medical equipment have generally remained stable despite the bankruptcy, while noting ongoing challenges in recruiting qualified healthcare workers and three recently reported complaints that remain under review. A copy of the ombudsman report is available for free at https://urlcurt.com/u?l=35BuB8 from PacerMonitor.com. The ombudsman may be reached at: Scott A. Pummell, Esq. Lashly & Baer, P.C. 714 Locust Street St. Louis, Missouri 63101 (314) 436-8369 Email: spummell@lashlybaer.com About John Fitzgibbon Memorial Hospital Inc. John Fitzgibbon Memorial Hospital, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-40689) on April 21, 2026. In the petition signed by Angela P. Littrell, president and chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Cynthia A. Norton oversees the case. Zachary R.G. Fairlie, Esq., at Spencer Fane, represents the Debtor as legal counsel. Scott A. Pummell, Esq., is the patient care ombudsman appointed in the case. JOHN FITZGIBBON: Seeks to Hire Forvis Mazars LLP as Accountant -------------------------------------------------------------- John Fitzgibbon Memorial Hospital, Inc. and Fitzgibbon Health Services seek approval from the U.S. Bankruptcy Court for the Western District of Missouri to employ Forvis Mazars, LLP as their accountant. Forvis Mazars will provide accounting services at these rates: a. Preparation of Medicare and Medicaid Cost Report for $38,750 to $45,250 John Fitzgibbon Memorial Hospital for the year ended April 30, 2026 b. Preparation of Medicare Cost Report for John Fitzgibbon $7,450 to $9,100 Home Office for the year ended April 30, 2026 c. Preparation of Medicare and Medicaid Cost Report for $18,250 to $21,650 John Fitzgibbon Health Services for the year ended April 30, 2026 d. Preparation of Form 990 Tax Returns for John Fitzgibbon $20,500 to $24,000 Memorial Hospital and Fitzgibbon Health Services e. Medicare Disproportionate Share Hospital (DSH) Services $8,300 f. Medicaid Disproportionate Share Hospital Survey standard hourly rates (DSH Survey) Services g. Medicare Worksheet S-10 services standard hourly rates As disclosed in the court filings, Forvis Mazars is a "disinterested person," as defined by sections 101(14) and 1107(b) of the Code. The firm can be reached through: Gary Schafer Forvis Mazars, LLP Building III Suite LL 800 State Highway 248 Branson, MO 65616-4172 Phone: (417) 334-5165 About John Fitzgibbon Memorial Hospital Inc. John Fitzgibbon Memorial Hospital, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Mo. Case No. 26-40689) on April 21, 2026. In the petition signed by Angela P. Littrell, president and chief executive officer, the Debtor disclosed up to $50 million in both assets and liabilities. Judge Cynthia A. Norton oversees the case. Zachary R.G. Fairlie, Esq., at Spencer Fane, represents the Debtor as legal counsel. Scott A. Pummell, Esq., is the patient care ombudsman appointed in the case. The Debtor tapped Zachary R.G. Fairlie, Esq., at Spencer Fane as counsel and Huron Consulting Services LLC as financial advisor. KAREN DILLARD'S: Case Summary & Five Unsecured Creditors -------------------------------------------------------- Debtor: Karen Dillard's College Prep, L.P. 621 E State Highway 121, Suite 450 Coppell, TX 75019 Business Description: Karen Dillard's College Prep, L.P. provides test preparation, college counseling, and one-on-one tutoring programs. Founded in 2003, the company operates three locations in the Dallas-Fort Worth area and offers a virtual program serving students across multiple states. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-42711 Debtor's Counsel: Brandon Tittle, Esq. TITTLE SANTIAGO, PLLC 1125 Legacy Dr. Ste. 230 Frisco TX 75034 Tel: 972-213-2316 E-mail: btittle@tittlesantiago.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Karen Dillard as member of Managing Partner. A copy of the Debtor's list of its five unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/AHRTG7I/Karen_Dillards_College_Prep_LP__txebke-26-42711__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DZV3ROQ/Karen_Dillards_College_Prep_LP__txebke-26-42711__0001.0.pdf?mcid=tGE4TAMA KAREN DILLARD'S: Hires Tittle Santiago PLLC as Counsel ------------------------------------------------------ Karen Dillard's College Prep, L.P. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ Tittle Santiago, PLLC as counsel. The firm will provide these services: (a) provide legal advice with respect to the Debtor's powers and duties as debtor-in-possession in the continued operation of its business and the management of its property; (b) take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on behalf of the Debtor, the defense of any actions commenced against the Debtor, negotiations concerning litigation in which the Debtor is involved, and objections to claims filed against the Debtor's estates; (c) prepare on behalf of the Debtor necessary motions, answers, orders, reports, and other legal papers in connection with the administration of its estate; (d) assist the Debtor in preparing for and filing a plan of reorganization at the earliest possible date; (e) perform any and all other legal services for the Debtor in connection with the Debtor's Chapter 11 Case; and (f) perform such legal services as the Debtor may request with respect to any matter, including, but not limited to, corporate finance and governance, contracts, antitrust, labor, and tax. The firm will be paid at these rates: Manolo R. Santiago $550 per hour Brandon J. Tittle $795 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. On April 6, 2026, the firm received a $20,000 prepetition retainer from the Debtor. Mr. Santiago disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Manolo R. Santiago, Esq. Brandon J. Tittle, Esq. TITTLE SANTIAGO, PLLC 1125 Legacy Dr., Ste. 230 Frisco, TX 75034 Telephone: (972) 213-2316 Email: msantiago@tittlesantiago.com btittle@tittlesantiago.com About Karen Dillard's College Prep LP Karen Dillard's College Prep, LP provides test preparation, college counseling, and tutoring services across three physical locations in the Dallas-Fort Worth area and via a virtual program. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-42711) on August 4, 2026. In the petition signed by Karen Dillard, member of managing partner, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Brandon Tittle, Esq., at Tittle Santiago, PLLC, represents the Debtor as legal counsel. KATAPULT HOLDINGS: Debts Exceed Assets by $36.0-Mil. at June 30 --------------------------------------------------------------- Katapult Holdings, Inc.'s stockholder's deficit was US$36.0 million at June 30, 2026. The stockholder's deficit was US$38.1 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$102.0 million and total liabilities of US$110.1 million. At Dec. 31, 2025, the Company had total assets of US$107.9 million and total liabilities of US$118.0 million. The Company disclosed that the New Revolving Facility provides total commitments of US$110.0 million and matures on Dec. 4, 2026. As of June 30, 2026, the Company was in compliance with all financial covenants under the facility. As of the issuance date of these financial statements, the Company does not expect to have sufficient standalone liquidity to repay the outstanding balance of the New Revolving Facility at its contractual maturity. Accordingly, management concluded that these conditions and events raised substantial doubt about the Company's ability to continue as a going concern. The Company intends to refinance, extend or replace the New Revolving Facility prior to its Dec. 4, 2026 maturity. In addition, the Company expects the pending mergers with CCFI Holdings, LLC, and Aaron's Intermediate Holdco, Inc., to close in August 2026. Following completion of the mergers, the Company expects to have sufficient liquidity to repay the New Revolving Facility, if necessary, and an improved financial position to support the refinancing, extension or replacement of the facility. Based on these plans, management concluded that substantial doubt about the Company's ability to continue as a going concern has been alleviated. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=Ty3QVo About Katapult Holdings Katapult Holdings, Inc., is a financial technology company that provides lease-to-own and alternative financing solutions to consumers, typically at the point of sale in partnership with merchants and e-commerce platforms. The Company focuses on serving nonprime consumers by offering flexible payment options for durable goods and other retail purchases. KEY POINT: Gets OK to Use Cash Collateral ----------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Arkansas issued an agreed order authorizing Key Point Arkansas, LLC to use cash collateral. The Debtor's cash collateral consists of rental income from its real property located at 1519 Phyllis Street, North Little Rock, Ark. The property generates $1,050 in monthly rental income. From this cash collateral, the Debtor is required to reserve and pay $816 per month toward the creditor payment, with property taxes and insurance being escrowed. This leaves approximately $234 in net monthly rents, which must be maintained in a segregated debtor-in-possession account and used solely for the subject property. The Debtor must also provide supporting expense documentation and copies of current or renewed lease agreements to the creditor's counsel within the required timeframes. As adequate protection, the Debtor must pay the creditor $816 per month, beginning August 5, 2026, and on the fifth day of each month thereafter until a termination event. Payments are to be made to Fay Servicing LLC. The creditor also retains rights to seek relief from stay, challenge the property's valuation, object to the Chapter 11 plan or disclosure statement, or seek dismissal/conversion. The Debtor must also maintain appropriate insurance on the property, with the creditor listed as an additional loss payee/mortgagee, and remain current with required monthly operating reports. All cash collateral from the property must be deposited into the segregated account and cannot be used for personal expenses or other estate property without the creditor's prior written authorization. The Debtor's authority to use cash collateral terminates upon the earliest of confirmation of a Chapter 11 plan, dismissal or conversion of the case to Chapter 7, relief from the automatic stay, or an uncured default under the order. If the Debtor defaults, the creditor must provide written notice and the Debtor has 21 calendar days to cure; otherwise, the authorization automatically terminates. A copy of the court's order is available at https://shorturl.at/hAnMx from PacerMonitor.com. About Key Point Arkansas LLC Key Point Arkansas, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Ark. Case No. 26-12265) on June 8, 2026, with up to $500,000 in both assets and liabilities. Anh-Thu Cecille Doan, Esq., at the Law Offices Of Cecille Doan represents the Debtor as bankruptcy counsel. KIDNEY SPECIALISTS: Hires Amore Law PLLC as Bankruptcy Counsel -------------------------------------------------------------- Kidney Specialists, PLLC seeks approval from the U.S. Bankruptcy Court for the Northern District of West Virginia to hire Amore Law, PLLC as counsel. The firm will assist the Debtor with preparation of schedules, the plan, statement of financial affairs and other required filings, to give the Debtor legal advice regarding its interests in the management of the property of the estate, to prepare motions and responses to motions which affect the interests of the Debtor, to defend against motions and objections which affect the interests of the Debtor, to attend hearings, and to provide such general and other duties as may be necessary through the Chapter 11 case. The firm will be paid at these hourly rates: Attorneys $600 Paralegal $125 As disclosed in the court filings, Amore Law, PLLC is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Aaron C. Amore, Esq. Amore Law, PLLC 206 West Liberty St. Charles Town, WV 25414 Phone: (304) 885-4117 Email: aaron@amorelaw.com About Kidney Specialists, PLLC Kidney Specialists, PLLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.W.V. Case No. 26-00550) on August 3, 2026 listing $1,000,001 to $10 million in assets and $100,001 to $500,000 in liabilities. Judge David L Bissett presides over the case. Aaron C. Amore, Esq. at Amore Law, PLLC serves as the Debtor's counsel. KP ENGINEERING: Trust Puts $15M Secured Note Judgment Up for Sale ----------------------------------------------------------------- The KP Engineering Liquidation Trust offers for sale, in whole, its Amended Final Judgment entered August 5, 2024 by the United States Bankruptcy Court for the Southern District of Texas, Houston Division (Hon. Christopher Lopez), in Adversary No. 23-03145, against Brandon T. Steele and BTS Enterprises, Inc., jointly and severally. Judgment Amount: is $15,073,898.03 as of June 11, 2024 -- comprising $12,875,000.00 in principal, $2,063,524.53 in accrued interest, and $135,373.50 in attorneys' fees -- together with interest accruing thereafter (per the judgment, $6,349.31 per day through entry, and post-judgment interest at 5.02% per annum from August 5, 2024). Judgment Debtors: Brandon T. Steele (individual) and BTS Enterprises, Inc., jointly and severally liable. Seller: Michael D. Warner, solely in his capacity as Liquidating Trustee of the KP Engineering Liquidation Trust. Basis of the Judgment: The judgment resolves the Trust's claims for default under a secured note given in connection with the settlement of the Trust's claims (as successor to the Official Committee of Unsecured Creditors) for fraudulent transfers and related recoveries under the Bankruptcy Code and the Texas Uniform Fraudulent Transfer Act. Diligence Available (Under NDA) * The Amended Final Judgment and the underlying adversary complaint; * The compromise pleadings and the order approving the settlement; * The note and related security agreements; and * The recorded abstract of judgment. Sale Process: The Trust invites offers to purchase the Judgment. Any sale will be without recourse and on an "as-is, where-is" basis, without representation or warranty of any kind, and is subject to any required approval of the Bankruptcy Court and to the Trustee's business judgment. The Trust reserves the right to accept or reject any offer, to designate a stalking-horse purchaser, and to modify or terminate the process at any time. For inquiries contact: Doug Stewart Stewart Robbins & Altazan, LLC 301 Main Street, Suite 1640 Baton Rouge, LA 70801 (225) 231-9998 E-mail: dstewart@stewartrobbins.com About KP Engineering KP Engineering, LP and KP Engineering, LLC -- https://www.kpe.com/ -- are primarily engaged in the business of designing and executing customized engineering, procurement, and construction projects for the refining, midstream, and chemical industries. As an EPC contractor, the companies generally enter into agreements with owners pursuant to which they will design a facility, procure the needed equipment and materials, and supervise construction of the facility. KP Engineering, LP and KP Engineering, LLC sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.19-34698) on Aug. 22, 2019. At the time of the filing, KP Engineering had estimated assets of between $10 million and $50 million and liabilities of between $50 million and $100 million. Judge David R. Jones oversees the cases. KP Engineering tapped Hunton Andrews Kurth LLP and Okin Adams LLC as legal counsel; Claro Group LLC as restructuring advisor; and Omni Management Group, Inc. as claims and noticing agent. The Office of the U.S. Trustee appointed a committee of unsecured creditors on Sept. 6, 2019. The committee retained Foley Gardere, Foley & Lardner LLP as its legal counsel, and Alvarez & Marsal North America, LLC as its financial advisor. KRASNOFF DOMESTIC: Hires Mandelbaum Barrett PC as Legal Counsel --------------------------------------------------------------- Krasnoff Domestic Growth Fund, LP seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Mandelbaum Barrett PC as counsel. The firm will render these services: (a) advise the Debtors of their rights, powers, and duties as debtors-in-possession in continuing to operate and manage their business and assets; (b) advise and consult Debtors on the conduct of these Chapter 11 cases, including all legal and administrative requirements of operating in Chapter 11; (c) attend meetings and negotiations with representatives of creditors and other parties-in-interest; (d) take all necessary action to protect and preserve Debtors' estate, including prosecuting actions on Debtors' behalf, defending any action commenced against Debtors, and representing Debtors in negotiations concerning litigation in which Debtors are involved, including objections to claims filed against Debtors' estates; (e) review the nature and validity of agreements relating to Debtors' business and property and advise the Debtors in connection therewith; (f) review the nature and validity of liens, if any, asserted against Debtors and advise as to the enforceability of such liens; (g) advise Debtors concerning the actions Debtors might take to collect and recover property for the benefit of their estate; (h) prepare on Debtors' behalf all necessary and appropriate applications, motions, pleadings, orders, notices, petitions, schedules, and other documents, and review all financial and other reports to be filed in the Debtors' Chapter 11 cases; (i) advise Debtors concerning, and preparing responses to, applications, motions, pleadings, notices, and other papers which may be filed in the Debtors' Chapter 11 cases; (j) representing Debtors in connection with obtaining authority to continue using cash collateral and post-petition financing; (k) appear before the Court and any appellate courts to represent the interests of Debtors' estates; (l) advise Debtors concerning tax matters; (m) advising Debtors in connection with any potential sale of assets; (n) counsel Debtors in connection with formulation, negotiation and promulgation of a Chapter 11 Plan; (o) and litigation with respect to competing plans; and (p) perform all other legal services for and on behalf of the Debtors which may be necessary or appropriate in the administration of their Chapter 11 case. Mandelbaum's current rates are: Partner $450 to $1,000 Of Counsel $450 to $725 Associate $300 to $580 Paralegal $200 to $400 Mandelbaum was paid an initial retainer of $50,000. Mandelbaum is a disinterested person within the meaning of Sec. 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Jeffrey M. Rosenthal, Esq. Vincent J. Roldan, Esq. Mandelbaum Barrett PC 3 Becker Farm Road, Suite 105 Roseland, NJ 07068 Tel: (973) 736-4600 Fax: (973) 325-7467 Email: jrosenthal@mblawfirm.com vroldan@mblawfirm.com About Krasnoff Domestic Growth Fund, LP Krasnoff Domestic Growth Fund, LP is a Pennington, New Jersey-based investment company and hedge fund. The firm focuses on investment management and portfolio investments, seeking capital appreciation through diversified investment strategies across public and private markets. Krasnoff Domestic Growth Fund, LP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-18662) on July 31, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Christine M. Gravelle is presiding over the case. The debtor is represented by Vincent J. Roldan, Esq., of Mandelbaum Salsburg PC. KRCM REALTY: Voluntary Chapter 11 Case Summary ---------------------------------------------- Debtor: KRCM Realty Company, Inc. 31 Amber Lane Oyster Bay, NY 11771 Business Description: KRCM Realty Company, Inc. owns a 31-unit residential apartment building located at 88-02/88-20 197th Street in Hollis, New York. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Eastern District of New York Case No.: 26-43807 Judge: Hon. Elizabeth S. Stong Debtor's Counsel: Kevin Nash, Esq. GOLDBERG WEPRIN FINKEL GOLSTEIN LLP 125 Park Ave. New York, NY 10017-5690 E-mail: knash@gwfglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Karan Singh as vice president. The Debtor did not submit a list of its 20 largest unsecured creditors along with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Z6BSW5I/KRCM_Realty_Company_Inc__nyebke-26-43807__0001.0.pdf?mcid=tGE4TAMA KYLE PLUMBING: Section 341(a) Meeting of Creditors on September 3 ----------------------------------------------------------------- On July 31, 2026, Kyle Plumbing II, Inc. filed for Chapter 11 protection in the Southern District of Florida, Fort Lauderdale Division. According to court filings, the Deerfield Beach, Florida-based plumbing services company reports between $1 million and $10 million in debt owed to 1–49 creditors, with assets ranging from $100,000 to $500,000. A meeting of creditors under Section 341(a) to be held on September 3, 2026 at 01:30 PM by TELEPHONE. 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, with up to $434,996 in total assets and $3,259,375 in liabilities. Kevin Couper, president of Kyle Plumbing II, signed the petition. Thomas Zeichman, Esq., at Zeichman Law represents the Debtor as counsel. LAKE EFFECT: Unsecureds to Split $14,800 over 60 Months ------------------------------------------------------- Lake Effect Investments, Inc. filed with the U.S. Bankruptcy Court for he Middle District of Florida a Plan of Reorganization for Small Business dated August 3, 2026. The Debtor operates a restaurant doing business as Cass Cay Restaurant & Bar. It offers waterfront dining, full service bars, and live music. The combined effects of the Covid-19 Pandemic, followed by major hurricanes in consecutive years, severely damaged the Debtor's finances which forced the Debtor to take out multiple merchant cash advances (hereinafter "MCA"). The associated high interest rates of the MCAs resulted in extremely high weekly payments making it difficult for the Debtor to continue to operate. To fund the Plan, the Debtor will use its disposable income. Specifically, the Debtor will use its disposable income received in the 5-year period beginning on the date that the first payment is due under the Plan ("Relevant Income Period"). This Plan proposes to pay the creditors of the Debtor from the cash flow from its current operations and from future income of the Debtor. This Plan provides for six classes of secured claims; one class of priority claims; one class of general unsecured claims; and one class for the equity interests of the Debtor. Non-priority unsecured creditors holding allowed claims will receive distributions from the Debtor's net cash flow from operations over the life of the Plan. This Plan also provides for the payment of administrative and priority claims in full. Class 3 consists of allowed General Unsecured creditors, excluding any equity security holders. Holders of allowed unsecured claims against the Debtor shall receive a pro-rata share of fund totaling $14,800.00 and created by quarterly payments by the Debtor of its projected disposable income from operations for sixty months, with the first quarterly payment commencing on the distribution date. Pro-rata means the entire amount of the fund divided by the entire amount owed to creditors with allowed claims in this Class. Class 3 is deemed impaired. Class 4 consists of equity interests. All Class 4 interests, upon the effective date, shall be modified so as to deprive the holders thereof of any rights in respect of the Debtor to any distribution upon liquidation of the corporation, or upon sale of all or substantially all the Debtor's assets, and shall be further modified to provide that no dividends shall be paid by reason of such equity interests. Such modification or limitation of equity interests shall remain effective until such time as ll the payments contemplated to be made by the terms of the Plan have been made, at which such modification or limitation shall be removed, and the holders of Class 4 interests shall retain in full such interests without further limitation or restriction. The Debtor shall retain all of its property and operate its business and the funds necessary for the satisfaction of creditors' claims shall be generated from the future income of the Debtor, or from the sale of the Debtor's assets as may be from time to time practical and necessary in order to make the payments required by the Plan. A full-text copy of the Plan of Reorganization dated August 3, 2026 is available at https://urlcurt.com/u?l=m3pCXV from PacerMonitor.com at no charge. Counsel for the Debtor: MARTIN LAW FIRM, P.L. Jonathan M. Bierfeld, Esq. 3701 Del Prado Boulevard S Cape Coral, Florida 33904 Telephone: (239) 443-1094 Facsimile: (941) 218-1231 Email: jonathan.bierfeld@martinlawfirm.com Benjamin G. Martin, Esq. 3131 S. Tamiami Trail, Suite 101 Sarasota, Florida 34239 (941) 951-6166 Email: skipmartinlaw@verizon.net About Lake Effect Investments Lake Effect Investments, Inc. is a privately held investment company based in Florida that is primarily engaged in real estate investment and asset management. It focuses on acquiring and managing property-related holdings, including residential and commercial real estate assets. Lake Effect Investments sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01062) on May 5, 2026. In its petition, the Debtor reported assets of between $50,001 and $100,000 and liabilities of between $1 million and $10 million. Ruediger Mueller of TCMI, Inc. serves as Subchapter V trustee for the Debtor. The Debtor is represented by Jonathan M. Bierfeld, Esq., at Martin Law Firm P.L. Ruediger Mueller of TCMI, Inc. serves as Subchapter V trustee for the Debtor. LEWIS TOWING: Hires West Law Firm of California as Counsel ---------------------------------------------------------- Lewis Towing 2, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to employ The West Law Firm of California, Inc. as counsel. The firm's services include: a. advising the Debtor with respect to its rights, powers, and duties as a debtor-in-possession; b. preparing and prosecuting schedules, statements, amendments, monthly operating reports, and other required filings; c. representing the Debtor at the meeting of creditors, the initial Debtor interview, and all hearings; d. advising and representing the Debtor with respect to use of cash collateral, secured claims, and adequate protection; e. advising and representing the Debtor with respect to executory contracts, leases, and claims administration; f. advising the Debtor with respect to, and prosecuting, any adversary proceedings, contested matters, and motions necessary to the administration of the estate; g. negotiating with creditors and parties in interest; h. preparing, filing and prosecuting a Subchapter V plan and related disclosures and confirmation proceedings; and i. performing all other legal services necessary or appropriate to the administration of the bankruptcy case. The firm will be paid a fixed flat fee of $15,000. Mr. West disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Joseph A. West, Esq. The West Law Firm of California, Inc. 6716 N. Cedar Avenue, Suite 210 Fresno, CA 93710 Tel: (310) 478-0890 Email: jw@wlfofca.com About Lewis Towing 2, Inc. Lewis Towing 2 Inc. is a Bakersfield, California-based towing and recovery company that provides light-, medium- and heavy-duty towing, roadside recovery, vehicle storage and related transport services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 26-12633) on June 3, 2026, with $1 million to $10 million in assets and liabilities. Ray Tavakoli, president, signed the petition. Judge Jennifer E. Niemann presides over the case. Joseph West, Esq., at The West Law Firm of California Inc. represents the Debtor as bankruptcy counsel. LEXARIA BIOSCIENCE: Appeals Nasdaq Delisting Determination ---------------------------------------------------------- Lexaria Bioscience Corp. said in a regulatory filing with the Securities and Exchange Commission that it received a notification from the Nasdaq Capital Market on Aug. 4, 2026, stating that, due to its failure to regain compliance with Nasdaq Listing Rule 5550(a)(2), being the requirement to maintain a $1.00 minimum bid price, within the 180-day compliance period provided under Nasdaq Listing Rule 5810(c)(3)(A), it would be delisted from the Nasdaq, subject to any request for a hearing to appeal such determination, which hearing request would stay the suspension of the Company's shares from being delisted. In anticipation of the Notification, the Company completed a reverse stock split on Aug. 3, 2026 (as announced on July 30, 2026), and, since that time, the Company's shares of common stock have been trading on Nasdaq under CUSIP number 52886N604 with a minimum bid price that is currently above the Bid Price Requirement. The Company has also filed its request for a hearing and paid the required fee in order to suspend the delisting of the Company's shares from Nasdaq and to allow for the additional trading days necessary to regain the Bid Price Requirement. As of Aug. 10, 2026, the date of regulatory filing, the Company expects to regain compliance with the Nasdaq rules and requirements prior to any potential hearing date and expects its shares will remain trading on Nasdaq without interruption. About Lexaria Headquartered in Kelowna, BC, Canada, Lexaria Bioscience Corp. -- http://www.lexariabioscience.com/-- is a biotechnology company pursuing the enhancement of the bioavailability of a diverse and broad range of active pharmaceutical ingredients using its proprietary DehydraTECH drug delivery technology. The Company currently focuses on the investigation of the incorporation of its DehydraTECH drug delivery technology with GLP-1 and GIP drugs to enhance absorption and reduce adverse events. Houston, Texas-based MaloneBailey, LLP, the Company's auditor since 2022, issued a "going concern" qualification in its report dated Nov. 26, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Aug. 31, 2025, citing that the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of May 31, 2026, the Company had $4.8 million in total assets, $437,091 in total liabilities, and $4.3 million in total stockholders' equity. LEXORA INC: Seeks to Extend Plan Exclusivity to Nov. 2 ------------------------------------------------------ Lexora Inc., asked the U.S. Bankruptcy Court for the Southern District of New York to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Nov. 2, 2026 and Jan. 2, 2027, respectively. The Debtor filed for bankruptcy just four months ago, on April 6, 2026, whereas the Bankruptcy Code contemplates extensions of the Exclusive Filing Period and Solicitation Period of eighteen months and twenty months from the Petition Date, respectively. This is the first extension of the Exclusive Periods sought by the Debtor. The Debtor explains that it has conducted its affairs in a manner consistent with its fiduciary obligations and has demonstrated good faith in its efforts throughout the course of this case. The Debtor is making every effort to work with its creditors towards a successful and consensual restructuring but that process is just beginning with the Debtor. The Debtor claims that granting an extension of the Exclusive Periods will not give the Debtor unfair leverage over any creditor. On the contrary, such an extension will, in fact, afford the Debtor an opportunity to consider all relevant information and make informed decisions to maximize the recovery to all creditors. The Debtor states that the bar date for proofs of claim has not yet been set, but a motion will be filed this week with respect thereto. Until the bar dates have passed, the Debtor cannot complete the claims reconciliation process. Because this contingency could have an impact on the outcome of this case, exclusivity should be extended. The Debtor believes that at this time, the filing of a plan by third parties, or even the mere threat of such a filing, would serve no purpose other than to introduce delay and additional administrative expenses to these cases. Moreover, it is highly unlikely that any party in the Debtor's case could propose a viable, fully informed plan prior to the resolution of the contingency described supra, and thus, the proposal of any such plan at this time would be premature and disruptive to the plan proposal and confirmation process, without any commensurate benefits. Proposed Attorneys for the Debtor: JACOBS P.C. Leo Jacobs, Esq. Wayne Greenwald, Esq. Aaron Slavutin, Esq. 717 Fifth Avenue, 17th Floor New York, New York 10022 (212) 229-0476 Email: leo@jacobspc.com wayne@jacobspc.com aaron@jacobspc.com About Lexora Inc. Lexora Inc., founded in 2009 and headquartered in New York, sells bathroom and kitchen products through online and showroom channels. It offers vanities, bathtubs, faucets, mirrors, lighting, and related accessories, and it also works with factories in Asia to develop and source its product lines. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10751) on April 6, 2026, with $50,000 to $100,000 in assets and $1 million to $10 million in liabilities. Andrey Bogan, in his capacity as president, signed the petition. Robert L. Rattet, Esq., at avidoff Hutcher & Citron, LLP represents the Debtor as legal counsel. LIFE CONNECTIONS: Gets Interim OK to Use Cash Collateral -------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Tennessee issued an interim order authorizing Life Connections Counseling Services, PLLC to use cash collateral. Under the interim order, the Debtor is permitted to use its monthly revenues to pay operating expenses and reorganize its business in accordance with the attached budget. The interim authorization to use cash collateral remains effective through September 18, unless the court orders otherwise. The Debtor must fully fund payroll and employment taxes, including Form 941 quarterly taxes, and deposit required employment taxes on the same date payroll is made. It must provide evidence of the tax deposits to the U.S. Trustee's Office by the third business day after payroll and timely file all post-petition payroll and other tax returns. The Debtor must also timely file its Monthly Operating Reports. The order further requires the Debtor to maintain adequate insurance on all estate property, naming the U.S. Trustee as certificate holder. If the Debtor fails to comply with the order, the U.S. Trustee or U.S. Attorney may certify the default to the court and request a hearing to determine whether the bankruptcy case should be dismissed or converted to Chapter 7, depending on the creditors' best interests. A further hearing on the Debtor's continued use of cash collateral is scheduled for September 17. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/VylF2 from PacerMonitor.com. About Life Connections Counseling Services, PLLC Life Connections Counseling Services, PLLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-30239) on Feb. 16, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Hon. Suzanne H Bauknight oversees the case. The Debtor is represented by: Thomas Lynn Tarpy, Esq. Tarpy, Cox, Fleishman & Leveille, PLLC Tel: 865-588-1096 Email: ltarpy@tcflattorneys.com LIGHTHOUSE COMMUNITY: Unsecureds Will Get 100% over 36 Months ------------------------------------------------------------- The Lighthouse Community Hospice, Inc. filed with the U.S. Bankruptcy Court for the Northern District of Georgia a Plan of Reorganization dated August 3, 2026. The Debtor is a Georgia corporation formed in 2019 that provides Medicare-certified in-home hospice services to terminally ill patients in multiple counties in south metropolitan Atlanta. Founded by Jocelyn D. Campbell, who serves as President, CEO, and sole owner, the company experienced a significant business decline in 2025 due to reduced patient referrals, increased competition from larger providers, and the loss of key staff. To maintain operations, the company incurred high-interest merchant cash advance (MCA) and credit card debt, leading to cash flow problems by early 2026. On May 5, 2026, the company filed for Chapter 11 bankruptcy under Subchapter V to reorganize its debts while continuing operations and patient care. Since filing, it has improved cash flow by eliminating weekly MCA withdrawals and increasing its patient census. Management is expected to remain unchanged, with Ms. Campbell retaining her 100% ownership interest. The reorganization plan provides for four classes of claims: * Class 1 Kalamata Capital Group, LLC: Kalamata asserts a secured claim of $173,370.28 arising from a merchant cash advance agreement. The debtor intends to object to the claim and seeks its complete disallowance. If any portion is ultimately allowed as a secured claim, it will be repaid in full over 10 years with 6.75% annual interest through equal monthly payments, after which Kalamata must release its security interests. * Class 2 BMW Financial Services NA, LLC: BMW holds an allowed secured claim of $26,022.95, secured by a 2024 BMW X5. The claim will be repaid over 36 months at 7.75% annual interest through monthly payments of $812.47. Upon full payment, BMW will release its lien and return the vehicle title. * Class 3 General Unsecured Creditors: Unsecured claims total approximately $67,496.50. The plan anticipates paying allowed unsecured claims 100% over 36 months from the debtor's projected disposable income. Creditors agree not to enforce personal guarantees while the debtor remains in compliance with the plan. If any portion of Kalamata's claim is allowed as unsecured, it will share pro rata in distributions, subject to a maximum unsecured payment pool of $167,850 and aggregate monthly payments capped at $1,875. * Class 4 Equity Interests: Existing equity holders retain their ownership interests, with Jocelyn D. Campbell continuing as the sole owner of the reorganized company. The reorganized debtor will administer the bankruptcy case after confirmation, pursue any necessary legal claims, complete required reporting, and fund all plan payments exclusively through its ongoing hospice business operations. A full-text copy of the Plan of Reorganization dated August 3, 2026 is available at https://urlcurt.com/u?l=JOLR2o from PacerMonitor.com at no charge. Counsel to the Debtor: Angelyn M. Wright, Esq. The Wright Law Alliance, P.C. 1244 Clairmont Road, Suite 222 Decatur, GA 30031-2890 Tel: (404) 373-9933 Fax: (888) 900-0610 Email: twlope@earthlink.net About The Lighthouse Community Hospice The Lighthouse Community Hospice, Inc. is a Medicare-certified provider of in-home hospice services, serving terminally-ill patients across multiple counties in south-metropolitan Atlanta, Georgia. The Debtor filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-56086) on May 5, 2026, with $100,001 to $500,000 in both assets and liabilities. John Whaley of John T. Whaley, CPA, LLC serves as Subchapter V trustee. Angelyn M. Wright, Esq., at The Wright Law Alliance, P.C. represents the Debtor as bankruptcy counsel. LINDBLAD EXPEDITIONS: Debts Exceed Assets by $196M at June 30 ------------------------------------------------------------- Lindblad Expeditions Holdings, Inc.'s stockholder's deficit was US$195.8 million at June 30, 2026. The stockholder's deficit was US$284.5 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$1.0 billion and total liabilities of US$1.2 billion. At Dec. 31, 2025, the Company had total assets of US$980.0 million and total liabilities of US$1.1 billion. As of June 30, 2026, the Company disclosed it had US$318.9 million in unrestricted cash and cash equivalents and US$46.0 million in restricted cash, primarily related to deposits on future travel originating from U.S. ports and credit card reserves. Long-term debt obligations totaled US$675.0 million, including the current portion of long-term debt. The Company believes that cash on hand, expected future operating cash inflows and availability under its US$60.0 million Revolving Credit Facility will be sufficient to fund operations, debt service requirements and necessary capital expenditures for at least the next 12 months. For the six months ended June 30, 2026, net cash provided by operating activities was US$108.5 million, up from US$77.6 million a year earlier, driven mainly by higher guest deposits for future bookings and improved operating results. Net cash used in investing activities was US$14.9 million, compared with US$44.7 million in the prior-year period, reflecting ongoing vessel capital expenditures and the absence of the prior-year acquisition of Torcatt Enterprises Limitada. The Company disclosed that net cash used in financing activities was US$18.5 million versus US$1.4 million a year ago, largely due to US$19.8 million for additional ownership interests in Natural Habitat and Classic Journeys and US$4.6 million for income tax withholdings on stock-based compensation, partially offset by US$6.6 million of option exercise proceeds. As of June 30, 2026, the Company had no borrowings under its Revolving Credit Facility and was in compliance with all covenants under the 7.00% senior secured notes and the Revolving Credit Facility. The Company noted that it traditionally operates with a working capital deficit due primarily to a large balance of unearned passenger revenues; working capital deficit was US$82.1 million at June 30, 2026, compared with US$93.7 million at Dec. 31, 2025. On Feb. 3, 2026, all 62,000 outstanding shares of Preferred Stock were mandatorily converted into 9,018,763 shares of common stock after the volume-weighted average price condition for conversion was satisfied in January 2026. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=CDSXv8 About Lindblad Expeditions Holdings Lindblad Expeditions Holdings, Inc., is an expedition travel and adventure cruise company that offers ship-based voyages to remote and exotic destinations, often in collaboration with conservation and educational partners. The Company focuses on immersive, nature- and culture-oriented experiences, leveraging a fleet of specialized vessels and guided excursions to serve high-end leisure travelers. LINQTO INC: Sues Forge Global, Schwab to Recover Customer Damages ----------------------------------------------------------------- Linqto, Inc. on Aug. 10, 2026, announced that it continues to pursue its litigation against Forge Global, Inc. and its owner, The Charles Schwab Corporation, and would seek full monetary damages for harms caused to Linqto's 13,000+ customers, as well as repayment of all legal fees connected to this case. Linqto also announced that it is pursuing alternative risk mitigation strategies to exit bankruptcy as quickly as possible should Forge Global continue to refuse to perform as agreed. "It's intolerable and wrong that Linqto is still in bankruptcy because of the unwillingness of Forge and Schwab to fulfill their obligation to serve as trustee of the Liquidating Trust," said Dan Siciliano, CEO of Linqto. Linqto was forced to take these actions to protect the recovery of its customers after several weeks of failed negotiations with Forge and Schwab. On July 15, 2026, just days before Linqto was to exit from bankruptcy, Forge, under instructions from Schwab, broke its contractual commitment to serve as trustee for the Liquidating Trust as part of the confirmed Plan of Reorganization. This action was taken without warning and caused significant and immediate harm to Linqto customers, who were already previously and materially harmed by the fraudulent actions of prior management that forced the filing for Chapter 11 Bankruptcy protection in July 2025. "In today's hearing, the UCC and John Deaton expressed frustration with Forge. We agree. It's intolerable and wrong that Linqto is still in bankruptcy because of the unwillingness of Forge and Schwab to fulfill their obligation to serve as trustee of the Liquidating Trust," said Dan Siciliano, CEO of Linqto. "Linqto was days away from exiting this process and delivering a speedy and efficient bankruptcy when Forge backed out. We've now spent too much time trying to accommodate Forge without any results." While the process continues, it is important to note that the securities to be transferred for the benefit of Linqto's customers remain safe and secure, and that the value of customer-linked securities has increased significantly, from $657 million (June 2025) to $1.3 billion (May 2026). About Linqto Inc. Linqto Inc. is a San Jose-based financial technology company operating in the alternative investment space. Linqto Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-90187) on July 7, 2025. The case is jointly administered with the Chapter 11 cases of Linqto Texas, LLC, Linqto Liquidshares, LLC and Linqto Liquidshares Manager, LLC under case number 25-90186. In its petition, Linqto Inc. reported estimated assets and liabilities between $500 million and $1 billion. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Gabrielle A. Hamm, Esq. at Schwartz, PLLC as legal counsel; Breakpoint Partners, LLC as restructuring advisor; ThroughCo Communications, LLC as public relations agent; and Epiq Corporate Restructuring, LLC as claims agent. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee is represented by Orrick, Herrington & Sutcliffe, LLP. Sandton Capital Solutions Master Fund VI, LP, as DIP Lender, is represented by Kristen L. Perry, Esq., at Faegre Drinker Biddle & Reath, LLP, in Dallas, Texas; Richard J. Bernard, Esq., at Faegre Drinker Biddle & Reath, LLP, in New York; and Michael R. Stewart, Esq., and Adam C. Ballinger, Esq., at Faegre Drinker Biddle & Reath, LLP, in Minneapolis, Minnessota. Sandton may also be reached through Robert Rice, Esq. LURIN REAL ESTATE: Taps Cushman & Wakefield as Real Estate Broker ----------------------------------------------------------------- Lurin Real Estate Holdings XXI, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Cushman & Wakefield U.S., Inc. as real estate broker to Lurin Real Estate Holdings XLII, LLC (the Elements Debtor). The broker will market the Debtor's property located at 3201 3rd Avenue North, St. Petersburg, FL 33713, together with: i. all buildings, improvements, appurtenances, and fixtures related to the property; ii. all of the Elements Debtor's interests in leases, rents, security deposits related to the property; iii. all of the Elements Debtor's interests in licenses, permits, and third-party warranties or guaranties (if transferable) related to the property; iv. all of the Elements Debtor's interests in any trade names (if transferable) related to the property; and v. all of the Elements Debtor's tangible personal property located on the property. If, during the term of June 5, 2026 through December 5, 2026, the Elements Debtor sells any interest in the Property, the Elements Debtor will pay CW a flat fee commission of $350,000. As disclosed in the court filings, Cushman & Wakefield is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code and does not hold or represent any interest adverse to the Debtors. The firm can be reached through: Kevin Lott Cushman & Wakefield U.S., Inc. 201 N Franklin St Ste 3300 Tampa, FL 33602 Phone (813) 498-6825 About Lurin Real Estate Holdings XXI LLC Lurin Real Estate Holdings XXI LLC is a real estate investment and development company focused on commercial and residential property holdings across multiple U.S. markets. Lurin Real Estate Holdings XXI LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90344) on March 02, 2026. In its petition, the Debtor reports estimated assets and estimated liabilities each in the range of $50 million to $100 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Joshua W. Wolfshohl, Esq. of Porter Hedges LLP. On May 5, 2026, the Office of the United States Trustee for the Southern District of Texas appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones LLP as counsel and Province LLC as financial advisor. LURIN REAL: Affiliate Gets Interim OK to Use Cash Collateral ------------------------------------------------------------ Lurin Real Estate Holdings XLII, LLC, an affiliate of Lurin Real Estate Holdings XXI, LLC, received interim approval from the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, to use cash collateral. The Debtor operates as part of the jointly administered Lurin Chapter 11 cases, managing its primary asset: a multi-family apartment complex located at 3201 3rd Avenue N. in St. Petersburg, Florida. The Debtor identifies BDS IV Mortgage Capital J LLC as the pre-petition secured lender. On January 28, 2025, BDS IV extended a $110 million loan secured by a recorded mortgage and blanket liens on the property and related assets. As of the petition date, the Debtor owed approximately $124.4 million in total loan obligations, including principal, accrued default interest, and estimated post-petition fees. To maintain ordinary-course operations including utility payments, property maintenance, apartment turn/make-ready costs, and insurance, the Debtor intends to use cash collateral under a 14-week interim budget. Expenditure caps are set at 110% per line item, with budget revisions subject to a four-day lender objection period. As adequate protection for any post-petition collateral diminution, the Debtor offers granting BDS IV replacement liens on all of its pre-petition collateral and making monthly payments of $500,000 funded from reserve accounts. The Debtor incorporates structured restructuring milestones to govern a 150-day asset sale process. Under these milestones, the Debtor filed a bidding procedures motion on the petition date, plans to retain Cushman & Wakefield as real estate broker, and intends to file a liquidating Chapter 11 plan and disclosure statement within 14 days of filing. BDS IV has agreed to serve as a stalking horse bidder via a $118.7 million credit bid pursuant to 11 U.S.C. section 363(k), while Willow Bridge will continue as property manager through closing. The proposed order also establishes a professional fee carve-out capped at $500,000 for restructuring professionals, funded weekly into a segregated account, and modifies the automatic stay solely to enforce the interim order's terms and default remedies. The order is available at http://bankrupt.com/misc/LurinRealEstate_CCOrder628.pdf The court scheduled a final hearing for August 28 and set an August 28 deadline for filing objections. About Lurin Real Estate Holdings XXI Lurin Real Estate Holdings XXI LLC is a real estate investment and development company focused on commercial and residential property holdings across multiple U.S. markets. Lurin Real Estate Holdings XXI LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90344) on March 2, 2026. In its petition, the Debtor estimated assets and liabilities each in the range of $50 million to $100 million. Bankruptcy Judge Alfredo R. Perez handles the case. Porter Hedges LLP, led by Joshua W. Wolfshohl, is the Debtor's counsel. On May 5, 2026, the U.S. Trustee for Region 7 appointed an official committee of unsecured creditors in these Chapter 11 cases. The committee tapped Pachulski Stang Ziehl & Jones, LLP as counsel and Province, LLC as financial advisor. LURIN REAL: Another Affiliate Joins Chapter 11 Filings ------------------------------------------------------ Debtor: Lurin Real Estate Holdings XLII, LLC d/b/a Elements on 3rd 2101 Cedar Springs, Suite 1050 Dallas, TX 75201 Business Description: Lurin Real Estate Holdings XLII, LLC is a single-asset real estate company that owns and operates Elements on Third, a 431-unit apartment complex located at 3201 3rd Avenue N. in St. Petersburg, Florida. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-90751 Debtor's Counsel: Joshua W. Wolfshohl, Esq. PORTER HEDGES LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 E-mail: jwolfshohl@porterhedges.com Estimated Assets: $100 million to $500 million Estimated Liabilities: $100 million to $500 million The petition was signed by Mark Shapiro as chief restructuring officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/E2EJRNI/Lurin_Real_Estate_Holdings_XLII__txsbke-26-90751__0001.0.pdf?mcid=tGE4TAMA M & J ELECTRIC: Hires Hamilton Stephens Steele as Counsel --------------------------------------------------------- M & J Electric of Wichita, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to employ Hamilton Stephens Steele + Martin, PLLC as bankruptcy counsel. The firm will render these services: (a) provide legal advice with respect to the powers and duties as debtor-in-possession in the continued operation of its business and management of its properties; (b) negotiate, prepare, and pursue confirmation of a chapter 11 plan and approval of a disclosure statement (if applicable), and all related reorganization agreements and/or documents; (c) prepare on behalf of the Debtor necessary applications, motions, answers, orders, reports, and other legal papers; (d) appear in Court to protect the interests of the Debtor before the Court; and (e) perform all other legal services for the Debtor which may be necessary and proper in these chapter 11 proceedings. The firm's current hourly standard rates are: (a) Matthew A. Winer $465 (b) Robert A. Cox, Jr. $645 (c) Kristin K. Bednarek $310 (d) Glenn C. Thompson $625 (e) Melanie D. Johnson Raubach $515 (f) Robin Kelley (paralegal) $195 (g) Vickie Hall (paralegal) $195 In addition, the firm will seek reimbursement for its out-of-pocket expenses. Prior to the Petition Date, the Debtor paid to the firm's trust account (i) $20,000 on June 24, 2026; (ii) $35,000 on July 10, 2026; and (iii) $25,000 on July 29, 2026, each of which was held by the firm in trust as a retainer. The firm provided prepetition services and incurred expenses in the total amount of $52,408, which were paid in full from the retainer in advance of the bankruptcy filing, leaving a balance of $27,592 held in trust. Matthew A. Winer, Esq., a partner at Hamilton, disclosed in a court filing that her firm is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code. Hamilton can be reached through: Matthew A. Winer, Esq. Hamilton Stephens Steele + Martin, PLLC 525 North Tryon Street, Suite 1400 Charlotte, NC 28202 Tel: (704) 344-1117 Email: mwiner@lawhssm.com About M & J Electric of Wichita, LLC M & J Electric of Wichita, LLC provides residential and commercial electrical contracting and installation services. The company also performs electrical work for fuel centers and convenience stores. Founded in 2004, it serves the Wichita, Kansas, and Charlotte, North Carolina, areas. M & J Electric of Wichita, LLC d/b/a M & J Electric of Charlotte in Indian Trail, NC, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 26-31031) on July 31, 2026, listing as much as $1 million to $10 million in both assets and liabilities. Jason Parks as manager and CEO, signed the petition. Judge Laura T. Beyer oversees the case. HAMILTON STEPHENS STEELE + MARTIN, PLLC serve as the Debtor's legal counsel. MAD FITNESS: F45 Gym Franchisee Seeks Chapter 11 Bankruptcy ----------------------------------------------------------- Owen Scott of Independent reports that Mad Fitness Group LLC, an operator of 31 F45 Training fitness studios across six states, has sought Chapter 11 bankruptcy protection amid continuing economic challenges for consumer businesses. The franchisee, which operates locations in markets including Atlanta and Baltimore, filed its petition Sunday, seeking to reorganize while maintaining its fitness operations. The company is a franchisee of F45 Training, an international fitness company with studios in the U.S. and 47 countries worldwide. F45 Training is not a debtor in the bankruptcy case. Chapter 11 allows Mad Fitness to restructure its finances while remaining in business and potentially negotiate a repayment plan with creditors, the report relays. Court filings show Mad Fitness listed assets and liabilities ranging from $100,000 to $500,000. The filing comes at a time when the fitness industry has generally been expanding. Industry data cited by the Wall Street Journal indicates that gyms and spas now outnumber retail outlets in the U.S., while Planet Fitness has announced plans to significantly expand its club network. Still, the filing reflects the difficulties facing businesses that rely on discretionary consumer spending. Restaurants, entertainment venues and retailers have also been closing locations or reducing their workforces. The broader employment environment has added to those concerns, with recent job losses reported across public schools, restaurants, bars and retail businesses, according to report. About Mad Fitness Group LLC MaD Fitness Group, LLC is a U.S.-based fitness company and a major franchisee of F45 Training, operating a network of F45 studios across multiple states. The company describes itself as a leading F45 franchisee, focused on providing fitness and wellness experiences through professionally operated studios. Mad Fitness Group LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-20541) on August 9, 2026. In its petition, the Debtor reports estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Joseph A. Pack, Esq. MADISON ATRINA: To Sell Tempe Property to Daryn Perlman for $525K ----------------------------------------------------------------- Madison Atrina Properties, 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 employs Nidia Almonte and Arizona Sonora Real Estate Group, LLC as brokers to market and sell the real property located at 803 W 18th St, Tempe, AZ. After Debtor evaluated nine offers from interested parties, Debtor entered into the contract with Daryn Perlman for the sale of the Property for the gross sale prices of $525,000 and estimated net sale proceeds of approximately $72,000. The Debtor believes that the Contract provides the best outcome for the Debtor and its estate. The sale is not free and clear of liens, claims and interests, but the property taxes will be prorated and the existing mortgage will be paid at close of escrow. The lienholders of the Property are Maricopa County Treasurer and United Wholesale Mortgage, LLC. The Debtor proposes a private sale, under a contract reached after reviewing multiple offers and after negotiation with the Buyer. About Madison Atrina Properties Madison Atrina Properties, LLC owns and leases a residential property in Scottsdale, Arizona. Madison Atrina Properties sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-03335) on April 6, 2026. In the petition signed by Joshua B. Rapaport, member, the Debtor disclosed up to $10 million in both assets and liabilities. Kelly G. Black, Esq., at J. Grant Walker, PLLC represents the Debtor as counsel. MAJESTIC DESSERTS: Plan Confirmation Hearing Scheduled for Sept. 10 ------------------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey will hold hearing on September 10, 2026 at 10:00 a.m. before the Honorable Andrew B. Altenburg, Jr. to confirm the Plan of Reorganization of Majestic Desserts LLC. September 3, 2026 is fixed as the last day for filing and serving written objections to confirmation of the Plan. September 3, 2026 is fixed as the last day for voting to accept or reject the Plan. In a court filing, the Debtor operates two restaurants, Johnny's Cafe and Schuckers Bar & Grill, located in Margate, New Jersey. The restaurants share the Debtor's NJ Plenary Retail Consumption Liquor License. The business is seasonal, with its highest revenues occurring during the summer "down the shore" season. The Debtor was incorporated in 2023 and is owned 100% by Giovanina ("Nina") DeLuca, who serves as President and Chief Executive Officer. Under the proposed Plan: * Class 3 General Unsecured Claims: The only general unsecured claim filed is from the State of New Jersey Division of Taxation in the amount of $20,510.96, which will be paid according to the terms of the Plan. * Equity Interests: Giovanina DeLuca will waive any claims against the Debtor and retain 100% ownership of the company. The Plan will be funded through revenues generated from the Debtor's future restaurant operations. The Debtor expects to have sufficient cash available to make required Effective Date payments. Upon confirmation, all property of the Debtor, including licenses, furniture, fixtures, equipment, and other tangible and intangible assets, will remain with the Debtor free and clear of claims and equity interests except as provided in the Plan. The existing Board of Directors will continue to serve as the Board of the reorganized Debtor after the Effective Date. Depending on the type of Plan confirmation, either the Trustee or the Debtor will be responsible for making Plan payments to creditors as provided in the Plan. A full-text copy of the Plan of Reorganization dated July 31, 2026 is available at https://urlcurt.com/u?l=H2YYAk from PacerMonitor.com at no charge. Counsel to the Debtor: E. Richard Dressel, Esq. Lex Nova Law, LLC 10 E. Stow Road, Suite 250 Marlton, NJ 08053 Telephone: (856) 382-8211 Email: rdressel@lexnovalaw.com A copy of the Court's Order dated August 3, 2026, is available at https://urlcurt.com/u?l=SrmjbI from PacerMonitor.com. About Majestic Desserts Majestic Desserts LLC operates two restaurants, Johnny's Cafe and Schuckers Bar & Grill, in Margate, New Jersey. The Debtor sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-13281 on March 26, 2026, listing up to $50,000 in both assets and liabilities. E. Richard Dressel, Esq. at Lex Nova Law, LLC serves as the Debtor's counsel. MAR ENTERPRISES: Unsecureds Will Get 4.81% over 36 Months --------------------------------------------------------- MAR Enterprises, LLC filed with the U.S. Bankruptcy Court for the Southern District of Texas a Plan of Reorganization dated August 3, 2026. MAR Enterprises LLC, founded in 2016 by Arianna Rios, is a refrigerated freight transportation company specializing in hauling agricultural produce and temperature-sensitive food products between the Rio Grande Valley and northern and eastern U.S. markets. The company employs 11 workers, including dispatch staff and independent contract drivers. It filed for Subchapter V bankruptcy on May 4, 2026, after a May 2024 truck fire led to state-court litigation and a $299,224.62 judgment in favor of Gass Automotive, Inc. An administrative freeze on the company's bank accounts immediately before collection efforts left the business without sufficient operating funds, prompting the bankruptcy filing. The reorganization plan classifies three secured creditors as unimpaired, with the debtor continuing to make regular contractual payments while the creditors retain their liens: * BMO Bank N.A.: $57,455.49 secured truck loan. * Stearns Bank N.A.: $23,230.73 equipment loan secured by a John Deere backhoe. * U.S. Small Business Administration (SBA): $152,597.46 EIDL loan secured by a senior blanket lien. The only impaired class consists of Gass Automotive, Inc., whose $299,224.62 judgment is treated entirely as an unsecured claim because the secured creditors fully encumber the debtor's assets. Under the plan, Gass Automotive will receive all projected disposable income, totaling $14,400 over 36 months through monthly payments of $400, representing a 4.81% recovery on its claim. Arianna Rios will retain her 100% ownership interest without receiving any distributions during the plan period. All plan payments will be funded solely through the company's continuing refrigerated freight operations. A full-text copy of the Plan of Reorganization dated August 3, 2026 is available at https://urlcurt.com/u?l=LsZXHN from PacerMonitor.com at no charge. Counsel to the Debtor: Marcos D. Oliva, Esq. Marcos D. Oliva, PC 223 W. Nolna Blvd. McAllen, TX 78504 Telephone: (956) 683-7800 Facsimile: (956) 868-4224 Email: marcos@oliva.law About MAR Enterprises LLC MAR Enterprises, LLC operates a logistics and trucking business. MAR Enterprises filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Case No. 26-70123) on May 4, 2026, with up to $500,000 in assets and up to $1 million in liabilities. Melissa Haselden, Esq., at Haselden Farrow, PLLC serves as Subchapter V trustee. Judge Eduardo V. Rodriguez oversees the case. Marcos Demetrio Oliva, Esq., at Marcos D. Oliva, PC, represents the Debtor as legal counsel. MARELLI AUTOMOTIVE: Unsecureds be Paid in Full or be Reinstated --------------------------------------------------------------- Marelli Automotive Lighting USA LLC and affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a Disclosure Statement for the Joint Plan of Reorganization dated August 3, 2026. Marelli is part of a global automotive components supplier headquartered in Saitama, Japan, employing more than 46,000 people across 24 countries as of the petition date. The company filed for Chapter 11 bankruptcy to implement a comprehensive restructuring that would maximize the value of its business while maintaining operational continuity for customers, suppliers, vendors, employees, and business partners. The Debtors' corporate structure includes a Japanese parent company, five U.S. subsidiaries, and additional subsidiaries operating in 25 other countries. At the petition date, the company had approximately $4.9 billion in funded debt, primarily denominated in Japanese yen and governed by Japanese law. This debt consists mainly of: * An approximately $350 million Emergency Loan Facility, which has priority over other debt. * An approximately $4.55 billion Senior Loan Facility. About half of the Senior Loan Facility is held by Japanese commercial banks, including Mizuho as administrative agent, while the remaining half is held by an ad hoc group of senior lenders, including several investors based outside Japan. Because the Senior Loan Facility requires approval from lenders holding at least 66.67% of the principal amount for major actions, restructuring negotiations were initially difficult. Before filing for Chapter 11, the company, Mizuho, the ad hoc group of senior lenders, and the company’s sponsors reached an agreement in principle after extensive negotiations regarding the restructuring of the company's debt and liquidity needs. Following the bankruptcy filing, the Debtors continued negotiating with original equipment manufacturers (OEMs), DIP lenders, the Creditors' Committee, and other stakeholders while developing a long-term business plan across operations in 26 jurisdictions. Under the proposed plan: * Class 5 consists of general unsecured claims totaling $200 million. Holders of allowed claims will either have their claims reinstated or receive other treatment that leaves their claims unimpaired, unless they agree to less favorable treatment. * Preferred equity interests will be cancelled, released, and extinguished, and holders of those interests will receive no distributions. Plan distributions will be funded through: * Cash available on the effective date, * Newly issued common stock, and * An exit financing facility or its proceeds. The issuance of certain securities, including the new common stock, will be exempt from registration under the Securities Act. The plan also provides that, upon becoming effective, it will serve as a comprehensive settlement and compromise of claims, interests, causes of action, and related disputes, subject to Bankruptcy Court approval. Additionally, the reorganized company is expected to enter into an exit financing facility on the effective date under terms acceptable to the required plan sponsors. A full-text copy of the Disclosure Statement dated August 3, 2026 is available at https://urlcurt.com/u?l=vLCKBj from Kurtzman Carson Consultants, LLC, doing business as Verita Global, claims agent. Co-Counsel for the Debtors: Laura Davis Jones, Esq. Timothy P. Cairns, Esq. Edward A. Corma, Esq. PACHULSKI STANG ZIEHL & JONES LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, Delaware 19899 (Courier 19801) Tel: (302) 652-4100 Fax: (302) 652-4400 Email: ljones@pszjlaw.com tcairns@pszjlaw.com ecorma@pszjlaw.com Co-Counsel for the Debtors: Joshua A. Sussberg, P.C. Nicholas M. Adzima, Esq. Evan Swager, Esq. KIRKLAND & ELLIS LLP KIRKLAND & ELLIS INTERNATIONAL LLP 601 Lexington Avenue New York, New York 10022 Telephone: (212) 446-4800 Facsimile: (212) 446-4900 Email: joshua.sussberg@kirkland.com nicholas.adzima@kirkland.com evan.swager@kirkland.com - and - Ross M. Kwasteniet, P.C. Spencer A. Winters, P.C. 333 West Wolf Point Plaza Chicago, Illinois 60654 Tel: (312) 862-2000 Fax: (312) 862-2200 Email: ross.kwasteniet@kirkland.com spencer.winters@kirkland.com About Marelli Automotive Lighting USA Marelli Automotive Lighting USA, LLC is a global automotive parts supplier based in Saitama, Japan. The company designs and manufactures advanced technologies for leading automakers, including lighting systems, electronic components, software solutions, and interior products. Operating in 24 countries with a workforce of over 46,000, Marelli also collaborates with motorsports teams and industry partners on high-performance component development. Marelli and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-11034) on June 11, 2025. In its petition, Marelli reported between $1 billion and $10 billion in assets and liabilities. Judge Brendan Linehan Shannon handles the cases. The Debtors are represented by Kirkland & Ellis LLP, Kirkland & Ellis International LLP, and Pachulski Stang Ziehl & Jones LLP. Alvarez & Marsal North America, LLC is the Debtors' restructuring advisor. PJT Partners Inc. is the Debtors' investment banker. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' notice and claims agent. The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Paul Hastings, LLP and Morris James, LLP as legal counsel and FTI Consulting, Inc. as its financial advisor. MARSH TOWN: Richmond Hill Property Sale to Matthew Martson for $1MM ------------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Georgia, has granted Marsh Town Properties LLC to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of certain real property and improvements consisting of approximately 0.46 with all buildings, improvements and fixtures constructed or located, all easements and rights benefiting or appurtenant to the real property, and commonly known as 365 Warnell Dr., Richmond Hill, GA 31324. The Debtor has entered into a Property Sale Agreement with Matthew Martson to purchase the Property for $1,000,000. The Court has authorized the Debtor to sell the Property to Matthew Martson. The net proceeds, after payment of property taxes including, but not limited to past due ad valorem taxes and any pro-rated amount required to be paid by the Debtor; closing expenses and costs in accordance with the Contract and commission to the broker are also approved. The sale shall be free and clear of liens, claims and interests. The Purchase Price is for fair market value, is in the best interest of the bankruptcy estate. The Purchaser is not a disinterested party in the Chapter 11 case of the Debtor as the Purchaser is the principal of the Debtor and a co-debtor on the obligations of the Debtor to FTF and Trophy. About Marsh Town Properties Marsh Town Properties LLC is a real estate company based in Richmond Hill, GA. It owns a residential property located at 365 Warnell Drive, valued at $1.1 million. Marsh Town Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ga. Case No. 25-40379) on May 2, 2025. In its petition, the Debtor reports total assets of $1,133,406 and total liabilities of $1,168,748. Bankruptcy Judge Edward J. Coleman III handles the case. The Debtor is represented by Jon Levis, Esq. at LEVIS LAW FIRM, LLC. MEDICAL PROPERTIES: Agrees to $2.4B Private Refinancing Deal ------------------------------------------------------------ Medical Properties Trust, Inc. announced on Aug. 10, 2026, that MPT Operating Partnership, L.P. and its wholly-owned subsidiary, MPT Finance Corporation, have entered into an exchange and purchase agreement with certain institutional investors providing for: (i) a new-money private placement and (ii) a private exchange of certain outstanding senior notes. Upon closing, the transactions are expected to result in the issuance of $2.4 billion in aggregate principal amount of new 9.25% Senior Secured Notes due 2032. The transaction is expected to close imminently. The Issuers intend to use the net cash proceeds from the new-money private placement to fund the redemption in full of the Issuers' senior notes due 2026 and a partial redemption of the Issuers' senior notes due 2027. In addition, the private exchange is expected to refinance approximately $1.5 billion aggregate principal amount of 2027, 2028, 2029, 2030, and 2031 unsecured notes. Upon closing, the transaction is expected to reduce total principal debt by approximately $123 million to $9.5 billion and materially reduce the Company's near-term unsecured note maturities. With only $1.3 billion in unsecured note maturities through 2028, the Company now benefits from further flexibility and optionality as it looks to other near-term further refinancing and deleveraging opportunities. Additionally, the Company expects to complete additional near-term asset sales at significant gains and intends to allocate resulting net cash proceeds toward further deleveraging. Finally, as discussed in prior quarters, the Company believes further note issuances and refinancings remain attractive options. The following table sets forth MPT's debt maturity schedule as of August 5, 2026, on an actual basis and on an as adjusted basis giving effect to the use of the net proceeds from the Notes offering and related exchange. As of August 5, 2026: * Indebtedness: * 2026 Secured Credit Facility Revolver(A) * Actual: $475,550 * Transaction Adjustments: $- * As Adjusted: $475,550 * 2027 USD Secured Term Loan * Actual: $200,000 * Transaction Adjustments: $- * As Adjusted: $200,000 * 0.993% Notes Due 2026 * Actual: $577,750 * Transaction Adjustments: $(577,750) * As Adjusted: $- * 5.000% Notes Due 2027 * Actual: $1,400,000 * Transaction Adjustments: $(734,603) * As Adjusted: $665,397 * 3.692% Notes Due 2028 * Actual: $808,020 * Transaction Adjustments: $(202,669) * As Adjusted: $605,351 * 4.625% Notes Due 2029 * Actual: $900,000 * Transaction Adjustments: $(318,771) * As Adjusted: $581,229 * 3.375% Notes Due 2030 * Actual: $471,345 * Transaction Adjustments: $(76,689) * As Adjusted: $394,656 * 3.500% Notes Due 2031 * Actual: $1,300,000 * Transaction Adjustments: $(612,512) * As Adjusted: $687,488 * 7.000% Secured Notes Due 2032 * Actual: $1,155,500 * Transaction Adjustments: $- * As Adjusted: $1,155,500 * 8.500% Secured Notes Due 2032 * Actual: $1,500,000 * Transaction Adjustments: $- * As Adjusted: $1,500,000 * 9.25% Senior Secured Notes Due 2032 * Actual: $- * Transaction Adjustments: $2,400,000 * As Adjusted: $2,400,000 * 2034 Secured GBP Term Loan * Actual: $849,768 * Transaction Adjustments: $- * As Adjusted: $849,768 * Total Debt Principal * Actual: $9,637,933 * Transaction Adjustments: $(122,994) * As Adjusted: $9,514,939 (A) The revolver maturity has been extended to December 30,2026. It can be extended for an additional six months at that time, subject to the satisfaction of certain other conditions. Interest on the Notes will be payable semi-annually in arrears on December 15 and June 15 of each year, commencing on December 15, 2026, and the Notes will mature on February 15, 2032. The Notes may be optionally redeemed at a "make-whole" premium for two years following their issue date, and then may be optionally redeemed at scheduled redemption prices, declining to par on the fifth anniversary of their issue date. Affiliates of GoldenTree Asset Management acted as lead investor in the Notes. Their participation is indicative of the support of and confidence in the Company from existing noteholders. Moelis & Company LLC acted as investment banker and placement agent, and Latham & Watkins LLP acted as legal adviser in connection with the exchange and purchase agreement. No Offer or Sale MPT is offering and selling the Notes and related guarantees only by, and pursuant to, the terms of an exchange and purchase agreement with certain institutional investors. The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any other securities laws, and the Notes cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This press release does not constitute a notice of redemption for any of the Issuers' outstanding senior notes. This press release is for informational purposes only. About Medical Properties Trust, Inc. Medical Properties Trust, Inc. -- https://www.mpt.com/ -- is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 373 facilities and approximately 38,000 licensed beds in nine countries and across three continents as of June 30, 2026. MPT's financing model facilitates acquisitions and recapitalizations, and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. MEDICAL PROPERTIES: S&P Lowers ICR to 'SD' Following Debt Exchange ------------------------------------------------------------------ S&P Global Ratings lowered its issuer credit rating on Birmingham, Ala.-based Medical Properties Trust Inc. (MPT) to 'SD' (selective default) and its issue-level ratings on its senior unsecured notes due in 2028, 2029, 2030, and 2031, to 'D'. S&P's issue-level ratings on other obligations are unchanged. MPT announced private refinancing transaction, including a $2.4 billion issuance of 9.25% senior secured notes due 2032. It will use the proceeds to fully redeem its 2026 notes at par, partially redeem its 2027 notes at par, and refinance approximately $1.21 billion of unsecured notes maturing between 2028 and 2031 at a discount through a private exchange. S&P said, "We view this transaction as distressed and tantamount to a default given that holders of the notes maturing in 2028, 2029, 2030, and 2031 will receive less than the full value originally promised. "We view the transaction as distressed and tantamount to a default. The downgrade follows MPT’s announcement of a private refinancing transaction that provides for a new-money private placement and private exchange of certain outstanding senior notes. The transaction is expected to result in the issuance of $2.4 billion in aggregate principal amount of new 9.25% senior secured notes due 2032. It will use the net cash proceeds from the new-money private placement to fully redeem its senior notes due 2026 and partially redeem the senior notes due 2027, both at par. Additionally, the private exchange will also refinance approximately $1.21 billion in aggregate principal of 2028, 2029, 2030, and 2031 unsecured notes at various discounts to par. We consider the discounted transactions to be distressed because lenders received less than the original promise of the securities. "The 2026 and 2027 unsecured notes are being exchanged at par and are unaffected by the transaction. Moreover, the company's existing 7% senior secured notes and 8.5% senior secured notes both due in 2032 were not part of the exchange offer, and our ratings on these issues are also unaffected by the transaction. "We will review our ratings on the company shortly to incorporate the debt exchanges and our forward-looking opinion of its creditworthiness. The company still has material debt maturities within the next several years, along with limited covenant headroom, that could affect its ability to refinance future debt obligations." MEGA KYON: Court OKs Continued Use of Cash Collateral ----------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts issued an order authorizing Mega Kyon, Inc., for the continued use of cash collateral through September 10 pursuant to the approved budget. As adequate protection, secured creditors holding valid pre-petition liens are granted automatically perfected replacement liens on the Debtor's assets to the same extent, priority, and perfection as their pre-petition liens, to the extent of any diminution in collateral value. If this protection proves insufficient, secured creditors may seek an administrative expense claim under Section 507(b). The replacement liens generally survive conversion or dismissal of the case but do not extend to proceeds of Chapter 5 avoidance actions. The Debtor must maintain insurance, keep its assets in good working order, and provide secured creditors with monthly operating reports and requested financial information, including cash-flow statements, profit-and-loss statements, balance sheets, and updated budgets. The Debtor cannot sell, transfer, lease, encumber, or otherwise dispose of collateral outside the ordinary course of business without further Court approval. All post-petition taxes must also be timely filed and paid. The Detor's authority to use cash collateral will immediately terminate upon a material breach of the order, conversion to Chapter 7, appointment of a trustee or removal of the Debtor from possession, or dismissal of the case. A continued-use hearing is scheduled for September 10. By September 8, the Debtor must file an updated budget, budget-to-actual reconciliation through August 31, and a revised proposed order. Objections are also due by September 8 at 11:59 p.m.; if no objections are filed and the required documents are submitted, the Court may authorize continued cash-collateral use without holding the hearing. A copy of the court's order is available at https://shorturl.at/nv2c7 from PacerMonitor.com. About Mega Kyon Inc. Mega Kyon, Inc., doing business as Pet Supplies Plus, operates a pet supplies retail store at 1150 Newport Ave. in Attleboro, Massachusetts. Mega Kyon filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Mass. Case No. 26-40523) on May 4, 2026, with $262,309 in assets and $1,840,224 in liabilities. John Barris as president, president of Mega Kyon, signed the petition. Judge Elizabeth D. Katz oversees the case. Marques Lipton, Esq., at Lipton Law Group, LLC represents the Debtor as bankruptcy counsel. Stephen Darr of Huron Consulting Group serves as Subchapter V trustee for the Debtor. MEMA'S CHICK'N': Court Extends Cash Collateral Access to Sept. 8 ---------------------------------------------------------------- MeMa's Chick'n' & Ribs, LLC received second interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to use cash collateral. Under the second interim order, the Debtor is authorized to continue using cash collateral through September 8 based on the approved budget, subject to a 10% line-item variance. Several creditors may have valid security interests in these assets based on Uniform Commercial Code financing statements filed with the North Carolina Secretary of State. These include US Foods, Inc., which filed a UCC-1 financing statement in 2017 and continued it in 2022; Harvest Small Business Finance, LLC, which filed a financing statement in June 2024; and additional financing statements filed during 2025 and 2026 by C T Corporation System and Corporation Service Company (CSC), acting on behalf of unidentified secured creditors. For purposes of the cash collateral order, the Debtor and Harvest stipulated that Harvest holds an over-secured claim of $1,986,310.85 as of the petition date, excluding interest, fees, charges, and attorneys' fees. Harvest asserts first-priority liens on the Wilmington Property and various assets including inventory, equipment, accounts, chattel paper, instruments, documents, investment property, and general intangibles. As adequate protection, the court granted secured creditors post-petition replacement liens on the same types of collateral securing their pre-petition claims, but only to the extent those pre-petition liens were valid, perfected, enforceable, and non-avoidable. The Debtor expressly preserved its right to challenge the validity or priority of the secured creditors' pre-petition liens. The Debtor is required under the court order to remain current on all post-petition tax obligations and is prohibited from selling assets outside the ordinary course of business without the secured creditors' written consent and, where required, court approval. The granted liens and protections will remain effective even if the Debtor's Chapter 11 case is converted to Chapter 7 or dismissed. A final hearing is scheduled for September 8. A copy of the court's order is available at https://shorturl.at/ZtpGs from PacerMonitor.com. About MeMa's Chick'n' & Ribs L.L.C. MeMa's Chick'n' & Ribs operates a food service business and its sole source of income is revenue generated through its restaurant operations. MeMa's Chick'n' & Ribs sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-03023) on July 2, 2026, with $1,000,001 to $10 million in assets and liabilities. Judge Joseph N. Callaway presides over the case. George M. Oliver, Esq. at The Law Offices of George Oliver, PLLC represents the Debtor as legal counsel. ML IMPORTS: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: ML Imports Inc 61 Executive Avenue Edison, NJ 08817 Business Description: ML Imports is an Edison, New Jersey-based importer and wholesale distributor of consumer products, sourcing private-label merchandise from overseas manufacturers and distributing products through e-commerce and retail channels. The company markets cookware, bakeware, kitchen and household products, scooters and other consumer merchandise under brands including Bakken, Bakken-Swiss, BakkenMaster and Lifemaster. ML Imports operates from a 25,488-square-foot warehouse in Edison and also utilizes third-party warehousing and logistics providers in New Jersey and California. Chapter 11 Petition Date: August 7, 2026 Court: United States Bankruptcy Court District of New Jersey Case No.: 26-18998 Debtor's Counsel: Richard D. Trenk, Esq. TRENK ISABEL SIDDIQI & SHAHDANIAN P.C. 290 W. Mt. Pleasant Avenue, Suite 2370 Livingston, NJ 07039 Tel: (973) 533-1000 Fax: (973) 533-1111 E-mail: rtrenk@trenkisabel.law Debtor's Accountant: ABRAHAM SCHWARTZ, CPA Total Assets: $1,326,146 Total Liabilities: $5,368,283 The petition was signed by Moises Friedman as CEO. 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/XTZZFZY/ML_Imports_Inc__njbke-26-18998__0001.0.pdf?mcid=tGE4TAMA ML IMPORTS: Hires Schwartz & Company CPA LLC as Accountant ---------------------------------------------------------- ML Imports Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Schwartz & Company, CPA, LLC as accountant. The firm's services include: a. preparing the Debtor's federal and New Jersey state tax returns, if necessary; b. assisting the Debtor in connection with preparing and filing of monthly operating reports; c. assisting the Debtor with preparing such analyses as the Debtor may request to assist in connection with the Debtor's negotiations, meetings, and telephone conferences with creditors or other parties; and d. performing such other financial services for the Debtor, as may be necessary and appropriate. The firm will be paid at these hourly rates: Managing Director $400 Associate $180 The firm received a retainer of $2,500. Schwartz & Company is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Abraham Schwartz, CPA Schwartz & Company, CPA, LLC 110 Acres Rd, #112 Monroe, NY 10950 Phone: (845) 783-0062 Email: main@schwartzco.cpa About ML Imports Inc ML Imports Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-18998) on August 7, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Christine M Gravelle presides over the case. Richard D. Trenk, Esq. at Trenk Isabel Siddiqi & Shahdanian P.C. serves as the Debtor's counsel. ML IMPORTS: Hires Trenk Isabel Siddiqi & Shahdanian PC as Counsel ----------------------------------------------------------------- ML Imports Inc. seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Trenk Isabel Siddiqi & Shahdanian PC as counsel. The firm will render these services: (a) advise the Debtor with respect to its power, duties and responsibilities in the continued management of the financial affairs; (b) advise the Debtor with respect to preparing and obtaining approval of a Disclosure Statement and Plan of Reorganization; (c) prepare on behalf of the Debtor, as necessary, legal documents; (d) appear before this Court and other officials and tribunals, if necessary, and protect the interests of the Debtor in federal, state and foreign jurisdictions and administrative proceedings; (e) negotiate and prepare documents relating to the use, reorganization and disposition of assets, as requested by the Debtor; (f) negotiate and formulate a Disclosure Statement and Plan of reorganization; (g) advise the Debtor concerning the administration of its estate; and (h) perform such other legal services for the Debtor. The firm will be paid at these hourly rates: Partners $475 - $775 Richard Trenk, Shareholder $775 Robert Roglieri, Partner $525 Associates $335 - $375 Stephen Gengaro, Associate $375 Law Clerks $250 Paralegals and Support Staff $250 - $325 In addition, the firm will seek reimbursement for expenses incurred. Mr. Trenk 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: Richard D. Trenk, Esq. Trenk Isabel Siddiqi & Shahdanian PC 290 W. Mt. Pleasant Ave., Suite 2370 Livingston, NJ 07039 Telephone: (973) 533-1000 Email: rtrenk@tisslaw.com About ML Imports Inc ML Imports Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Case No. 26-18998) on August 7, 2026, listing $1,000,001 to $10 million in both assets and liabilities. Judge Christine M Gravelle presides over the case. Richard D. Trenk, Esq. at Trenk Isabel Siddiqi & Shahdanian P.C. serves as the Debtor's counsel. MORRISON HOSPITAL: Seeks to Extend Plan Exclusivity to Aug. 31 -------------------------------------------------------------- Morrison Hospital Association, asked the U.S. Bankruptcy Court for the District of New Hampshire to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Aug. 31 and Oct. 30, 2026, respectively. The Debtor explains that cause to extend the Exclusive Periods exists under the following factors: * The Debtor's case has been pending for less than four months. In these initial months, the Debtor has been focused on maintaining its quality of care to its residents, addressing resident concerns, addressing vendor concerns and otherwise stabilizing its operations post-petition. The foregoing has taken significant time and effort to accomplish, and additional time is necessary to permit the Debtor to strictly focus on a plan of reorganization and prepare adequate information. * The Debtor has demonstrated reasonable prospects for filing a viable plan because it continues to maintain the quality of care for its residents, timely pay its bills, maintain positive cash flow and otherwise operate well. Furthermore, the Debtor has negotiated consented cash collateral orders with its secured creditors and the Debtor has shown an ability work with the UST in resolving disputed issues. * The Debtor's case is less than 4 months old. It is not uncommon for a Debtor of this size and with the complexity of issues involved in this case to require more than four months to formulate a disclosure statement and plan. Additionally, this is the Debtor's first request for an extension of the Exclusive Periods. * The Debtor is not seeking this extension to delay the reorganization or pressure creditors to accede to a plan that is unsatisfactory to them. The secured creditors are receiving adequate protection, wages and taxes are being paid, and the debtor is paying its bills timely. Under these circumstances, no creditor is being prejudiced by the short extension requested herein and therefore the granting of an extension of the Exclusivity Periods will not give the Debtor an unfair bargaining leverage over any creditor constituency. Morrison Hospital Association is represented by: Christopher M. Candon, Esq. James S. LaMontagne, Esq. Jennifer S. Tamkin, Esq. Sheehan Phinney Bass & Green, P.A. 1000 Elm Street, 17th Floor Manchester, NH 03101 Phone: (603) 668-0300 Email: ccandon@sheehan.com jlamontagne@sheehan.com jtamkin@sheehan.com About Morrison Hospital Association Morrison Hospital Association sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.H. Case No. 26-10308) on April 10, 2026, with $1 million to $10 million in assets and $10 million to $50 million in liabilities. The petition was signed by Shannon Lynch as chief executive officer. Judge Kimberly Bacher oversees the case. The Debtor tapped Christopher M. Candon, Esq., at Sheehan, Phinney, Bass + Green, PA as bankruptcy counsel, and KCP Advisory Group, LLC as financial advisor. MYSTIQUE ESCAPE: Seeks Chapter 11 after Bank Account Garnishment ---------------------------------------------------------------- On July 31, 2026, Mystique Escape Room, Inc. filed for Chapter 11 protection in the Middle District of Florida. According to court filings, the Debtor reports between $500,000 and $1 million in liabilities owed to 1–49 creditors. As of July 2026, the company continued accepting bookings and promoting experiences through September 2026, indicating plans to remain operational during its restructuring. About Mystique Escape Room, Inc. Mystique Escape Room, Inc. is a Lake Mary, Florida-based entertainment company operating an escape room facility featuring immersive, themed experiences. Its attractions include "Secrets of the Pharaohs" and "Murder in London," among other interactive challenges. Mystique Escape Room, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05909) on July 31, 2026. In its petition, the Debtor reports estimated assets of $0 to $50,000 and estimated liabilities of $500,000 to $1 million. Honorable Bankruptcy Judge Grace E. Robson handles the case. The Debtor is represented by Jeffrey Ainsworth, Esq. of Bransonlaw PLLC. NATGASOLINE LLC: S&P Assigns Prelim 'BB-' Rating on Tax-Exempt Bond ------------------------------------------------------------------- S&P Global Ratings assigned its 'BB-' preliminary long-term rating and '2' recovery rating to the project's debt issuance to Natgasoline LLC (Natgasoline or the project). The stable outlook reflects S&P's expectation that production rates will remain stable near nameplate capacity and that methanol prices will be supportive. Natgasoline is proposing to issue a $290 million tax-exempt bond to refinance its existing tax-exempt bond maturing in October 2031. Natgasoline is a natural gas-based methanol production facility in Beaumont, Texas, with a nameplate capacity of about 1.75 million metric tons per year (mtpa). Natgasoline has access to extensive distribution and logistics infrastructure; and connections to both the Golden Triangle and TETCO header systems, which provide redundant access to multiple natural gas pipelines and nearby storage. The project is a joint venture of Methanex Corp. and Proman USA Inc., with each owning 50%. The final rating is subject to our receipt and satisfactory review of all final transaction documentation and the final cost of the debt issuance. Accordingly, the preliminary rating should not be construed as evidence of a final rating. S&P said, "If we do not receive the final documentation within a reasonable period, or if the documentation departs from the materials we have already reviewed or the assumptions we have made for purposes of the preliminary rating, or the debt cost is materially different from what we have assumed, we reserve the right to change the rating." Natgasoline has announced the proposed tax-exempt bond, with all proceeds to be used to repay its current tax-exempt bond. S&P said, "We expect the proposed debt will include terms and covenants substantially similar to those of the current debt. The pro forma minimum debt service coverage ratio (DSCR) of 1.81x occurs in 2044, similar to the existing ratio prior to the proposed financing. Therefore, we view the transaction as debt neutral." S&P said, "That said, the proposed financing will defer the amortization of the tax-exempt bond toward 2041 to 2046, near the end of the asset life, which we assumed to be in 2048. Therefore, the minimum DSCR could further deteriorate with any significant increase in maintenance capital expenditure (capex) or additional debt during that period. While methanol plants can operate beyond the currently assessed 30 years, we have not factored any additional asset life into our base case. "The project intends to prioritize the repayment of its term loan B (TLB) due 2030, which carries a higher borrowing cost. The current debt documents still allow the project to re-leverage and incur a total of $900 million of senior secured debt. Therefore, we continue to view structural protection as negative given this unrestricted ability to raise additional debt. This is unchanged from our previous assessment. "In the next 12 months, we expect methanol prices will be supportive for Natgasoline, spurred by tightening supply and stable demand. The Middle East conflict has significantly reduced global methanol supply chains, driving a rapid and significant increase in global pricing into the second quarter of 2026. About 92% of Middle East methanol capacity (28.9 mtpa) sits behind the Strait of Hormuz. Conflict-related outages and damage have taken multiple regional plants offline or to lower capacity, with Iranian exports expected to fall by approximately 5 mtpa and restarts likely to be slow. Precautionary shutdowns and missile damage have affected Qatar, Saudi Arabia, and additional facilities in Bahrain and Sadara, materially tightening global supply. Recovery in supply could be protracted depending on the pace of normalization of shipping through the Strait of Hormuz, and severity of damage to methanol and upstream infrastructure. The methanol market will likely be structurally tight, with limited additional capacity, while demand grows steadily in the medium term. Although S&P rates to a mid-cycle methanol price in its base-case scenario, supportive pricing will reduce any immediate risk to the project's cash flow and liquidity in the near term. S&P expects Natgasoline's production on-stream rate to remain stable at above 93% in the next two years. The plant underwent a major turnaround and reliability improvements in the second quarter of 2024. Since then, it has been operating at close to nameplate capacity. S&P's base case assumes that the plant will generally operate at above 91% on-stream rate. S&P said, "The stable outlook reflects our expectation that production rates will be stable and near nameplate capacity, and methanol prices will remain supportive. In addition, we expect the project will be able to manage its natural gas feedstock prices, or partially pass through rising feedstock costs to customers. Our minimum DSCR of 1.81x, which still supports the 'BB-' rating, occurs in 2044. This coincides with a period of major maintenance. "We could take a negative rating action if Natgasoline's margin deteriorates materially, such that the DSCR falls to 1.75x and remains at that level. This could stem from depressed commodity prices or the project's inability to pass through rising feedstock costs to its customers. In addition, the DSCR could deteriorate due to operational issues that lead to a significant increase in operating costs or require a plant shutdown for an extended period, affecting production volume. "We would consider an upgrade if we believed that, given the volatile nature of methanol prices, Natgasoline could consistently achieve debt service coverage exceeding 3.0x in all years of our base-case projection, including the refinancing period. This could stem from substantial improvements in methanol prices in the market or the acquisition of long-term offtake contracts that provide price and volume certainty, but absent any material increase in natural gas feedstock prices." NELLIS CAB: Seeks to Extend Plan Exclusivity to Dec. 2 ------------------------------------------------------ Nellis Cab, LLC and Sun Cab, Inc. asked the U.S. Bankruptcy Court for the District of Nevada to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to Dec. 2, 2026 and Feb. 2, 2027, respectively. This is Debtors' second request for an extension of the Exclusive Periods under Section 1121(d)(1). The Debtors explain that the moment the Chapter 11 Cases were filed, their professionals and management had to work as diligently, efficiently, and expeditiously as possible to address both operational aspects of Debtors' businesses and Chapter 11 Case administration matters at the same time. Having to attend to matters of such global significance in the context of already contentious cases as the Chapter 11 Cases only added to their complexity and the already pressing demands placed upon Debtors, their management team, and professionals. Similarly, all the litigation efforts surrounding the settlement of the Trustee Motions only served to draw the collective attention of Debtors' management and professionals to focus on defending the Trustee Motions during the initial Exclusive Periods. The Debtors claim that they have also worked with the Examiner to complete the Examiner Report. This process involved a thorough review of the books and records submitted to the Examiner and multiple rounds of meetings and comments on his draft report. As a result, the Debtors and the Chenoweths were able to work with the Examiner to create a report that accurately reflected the history of the Debtors' books and records. Finally, the most time-consuming and case-advancing work the Debtors completed was the sale of the Debtors' assets, which closed on July 29, 2026. The Debtors were able to liquidate the assets of the bankruptcy estate and reject certain relevant contracts, with Court approval, created a pile of cash from which all allowed claims will be paid. The Debtors assert that they are not seeking the relief requested here to unduly pressure their creditors into acquiescing unduly in their reorganization demands. That is hardly the case. Debtors' request here is aimed at allowing Debtors sufficient time to formulate what Debtors believe to be a viable Chapter 11 plan of reorganization that seeks to maximize the value of Debtors' bankruptcy estates for the benefit of Debtors' creditors and other parties in interest. The Debtors further assert that they are proceeding in good faith. Debtors' filing of their initial Plan on February 26, 2026, already demonstrates that Debtors have a realistic prospect of formulating a viable Chapter 11 plan of reorganization. The Debtors' case now requires the confirmation of a plan of reorganization and approval of a disclosure statement that reflects the settlements made with creditors. Counsel to the Debtors: Samuel A. Schwartz, Esq. Athanasios E. Agelakopoulos, Esq. Schwartz, PLLC 601 East Bridger Avenue Las Vegas, NV 89101 About Nellis Cab LLC Nellis Cab LLC provides taxi transportation services in Las Vegas, Nevada, and has been operating in the region for more than 60 years. Nellis Cab LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 25-17375) on Dec. 5, 2025, listing $1 million to $10 million in assets and $100,000 to $500,000 in liabilities. The petition was signed by Michelle Langille as manager. Judge August B Landis presides over the case. Samuel A. Schwartz, at SCHWARTZ LAW, PLLC, is the Debtor's counsel. NETCAPITAL INC: Amends Three Convertible Notes w/ Vanquish Funding ------------------------------------------------------------------ Netcapital Inc. said in a regulatory filing with the Securities and Exchange Commission that on Aug. 6, 2026, it entered into three separate amendments with Vanquish Funding Group Inc., as the Holder, amending each of the following convertible notes previously issued by the Company to the Holder pursuant to separate securities purchase agreements between the Company and the Holder: (i) the convertible promissory note in the original principal amount of $51,750 issued on April 24, 2026; (ii) the convertible bridge note in the original principal amount of $92,800 issued on April 24, 2026; and (iii) the convertible promissory note in the original principal amount of $182,120 issued on June 4, 2026. Each Note is convertible into shares of the Company's common stock only following the occurrence of an event of default under such Note. Each Amendment amends and restates the conversion provisions of the applicable Note to provide, among other things, that: (i) unless and until the Company obtains stockholder approval in accordance with the applicable rules and regulations of The Nasdaq Stock Market LLC, the Company shall not issue shares of common stock under such Note that, when aggregated with all other securities required to be aggregated for purposes of Nasdaq Listing Rule 5635(d), would exceed 19.99% of the shares of common stock outstanding as of the date of the definitive agreement with respect to the first of such aggregated transactions; (ii) the conversion price for any conversions during the initial six months of the term of such Note may not be less than $0.10 per share; and (iii) the Holder may not convert any portion of such Note to the extent that, after giving effect to such conversion, the Holder, together with its affiliates, would beneficially own in excess of 4.99% of the outstanding shares of the Company's common stock, which limitation may not be waived by the Holder. Following the occurrence of an event of default, each Note, as amended, is convertible at a conversion price equal to 65% of the lowest trading price of the Company's common stock during the twenty trading day period ending on the latest complete trading day prior to the applicable conversion date, subject to the floor price and the limitations described above. Full-text copies of the Amendments are available at https://tinyurl.com/bdf2pnyb, https://tinyurl.com/2sz82vru, and https://tinyurl.com/2h4jhpy9. About Netcapital Inc. Headquartered in Boston, Mass., Netcapital Inc. -- www.netcapital.com -- is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company's funding portal, Netcapital Funding Portal, Inc. is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities' association. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2017, issued a "going concern" qualification in its report dated Aug. 12, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2025, citing that the Company has a negative working capital, operating losses, and negative cash flows from operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of Jan. 31, 2026, the Company had $26.06 million in total assets, $4.46 million in total liabilities, and $21.60 million in total stockholders' equity. NETCAPITAL INC: Receives Nasdaq Extension Through Feb. 2027 ----------------------------------------------------------- Netcapital Inc. said in a regulatory filing with the Securities and Exchange Commission that, on Aug. 7, 2026, it Company received a letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC notifying the Company that, although the Company has not regained compliance with the minimum $1.00 per share closing bid price requirement for continued listing on The Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(a)(2), the Staff has determined that the Company is eligible for an additional 180 calendar day compliance period, or until Feb. 1, 2027, to regain compliance with the Minimum Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). As previously disclosed, on Feb. 4, 2026, the Company received a letter from the Staff notifying the Company that, based upon the closing bid price of the Company's common stock for the previous 30 consecutive business days, the Company no longer satisfied the Minimum Bid Price Requirement, and the Company was provided an initial compliance period of 180 calendar days, or until Aug. 3, 2026, to regain compliance. The Company did not regain compliance with the Minimum Bid Price Requirement during the initial compliance period. The Staff's determination to grant the additional 180-day compliance period was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, with the exception of the bid price requirement, and the Company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If at any time during the additional compliance period the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Staff will provide the Company with written confirmation of compliance, and the matter will be closed. The Staff may, however, in its discretion, require the Company to maintain a closing bid price of at least $1.00 per share for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that the Company has demonstrated an ability to maintain long-term compliance. If the Company chooses to implement a reverse stock split, it must complete the split no later than 10 business days prior to Feb. 1, 2027, in order to timely regain compliance. If the Company does not regain compliance with the Minimum Bid Price Requirement by Feb. 1, 2027, the Staff will provide written notification to the Company that its securities will be subject to delisting. At that time, the Company may appeal the Staff's delisting determination to a Nasdaq Hearings Panel. If the Company appeals, it will be asked to provide the Panel with a plan to regain compliance, and a timely request for a hearing would not stay the suspension of the Company's securities from trading. The second compliance period relates exclusively to the bid price deficiency, and the Company may be delisted during the second compliance period for failure to maintain compliance with any other listing requirement for which it is currently on notice or which occurs during such period. The Letter has no immediate effect on the listing or trading of the Company's common stock, which will continue to trade on The Nasdaq Capital Market under the symbol "NCPL," subject to the Company's compliance with the other applicable continued listing requirements. An indicator will continue to be broadcast over Nasdaq's market data dissemination network noting the Company's non-compliance, and the Company will continue to be included on the list of non-compliant Nasdaq companies posted on the Nasdaq Listing Center. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement during the additional compliance period, or that the Company will otherwise maintain compliance with the other Nasdaq continued listing requirements. About Netcapital Inc. Headquartered in Boston, Mass., Netcapital Inc. -- www.netcapital.com -- is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company's funding portal, Netcapital Funding Portal, Inc., is registered with the U.S. Securities & Exchange Commission and is a member of the Financial Industry Regulatory Authority, a registered national securities association. Spokane, Washington-based Fruci & Associates II, PLLC, the Company's auditor since 2017, issued a "going concern" qualification in its report dated Aug. 12, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2025, citing that the Company has a negative working capital, operating losses, and negative cash flows from operations. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of Jan. 31, 2026, the Company had $26.06 million in total assets, $4.46 million in total liabilities, and $21.60 million in total stockholders' equity. NEW ENGLAND INVESTMENT: Gets Interim OK to Use Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Massachusetts issued a proceeding memorandum and order authorizing New England Investment Holding Corp. to use cash collateral on an interim basis through September 3. The court ordered the Debtor to file by September 1 a reconciled budget showing actual to projected income and expenses for the period ending August 31 as well as beginning and ending bank balances monthly, and a projected budget for September, October and November. The deadline for Debtor to file an amended plan is September 1. A hearing on the Debtor's continued use of cash collateral is scheduled for September 3. About New England Investment Holding Corp. New England Investment Holding Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 26-30429) on June 30, 2026, with $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Louis S. Robin, Esq., at the Law Offices of Louis S. Robin represents the Debtor as bankruptcy counsel. NORTH HOUSTON: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- North Houston Birth Center L.L.C. received preliminary approval from the U.S. Bankruptcy Court for the Southern District of Texas to use cash collateral to fund its operations. Under the order, the Debtor is authorized to use cash collateral to pay the expenses shown on the court-approved budget. The Debtor may pay up to 110% of each line-item expense. An examination of Texas Secretary of State UCC records revealed two blanket lien filings naming Corporation Service Company as representative for undisclosed underlying lenders: a first-position filing from January 30, 2024, encumbering all assets including deposit accounts, and a second-position filing from May 23, 2025, encumbering personal property excluding deposit accounts. The Debtor suspects these filings relate to MCA obligations with OnDeck or iBusiness Funding, though the exact identities, balances, and perfection status remain unconfirmed due to the absence of deposit account control agreements. As adequate protection for the use of cash collateral, secured creditors will be granted replacement liens on all post-petition cash collateral and post-petition acquired property to the same extent and priority they possessed as of the petition date under applicable non-bankruptcy law and to the extent that cash collateral is actually used. The replacement liens are subject and subordinate to a carve-out of funds for all fees required to be paid to: (i) the Clerk of the Bankruptcy Court, (ii) the Office of the United States Trustee pursuant to Section 1930(a) of Title 28, United States Code, if any (iii) allowed fee of the duly appointed Subchapter V Trustee, and (iv) fees of Debtor’s professionals. The next hearing is set for Aug. 28. A copy of the court's order and the Debtor's budget is available at https://urlcurt.com/u?l=IXdXpR from PacerMonitor.com. About North Houston Birth Center L.L.C. North Houston Birth Center L.L.C. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-35646) on August 3, 2026. In the petition signed by Kathleen Vande Giessen, sole member, the Debtor disclosed up to $500,000 in both assets and liabilities. Judge Jeffrey P. Norman oversees the case. Elyse M. Farrow, Esq., at Haselden Farrow, PLLC, represents the Debtor as legal counsel. NORTHSTAR MULTIFAMILY: Case Summary & 20 Top Unsecured Creditors ---------------------------------------------------------------- Debtor: Northstar Multifamily Beaumont Portfolio MGR LLC 8751 Collin McKinney Pkwy Suite 1103 McKinney, TX 75070 Business Description: Northstar Multifamily Beaumont Portfolio MGR LLC is a McKinney, Texas-based real estate company that manages a portfolio of multifamily residential properties in Beaumont, Texas. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Eastern District of Texas Case No.: 26-42692 Debtor's Counsel: Frances A. Smith, Esq. OFFIT KURMAN, PC 700 N. Pearl Street, Suite 1610 Dallas, TX 75201 Tel: 214-377-7879 Email: frances.smith@offitkurman.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Madina Shaik as managing member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/A7IAYKY/Northstar_Multifamily_Beaumont__txebke-26-42692__0011.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Y4IVOSQ/Northstar_Multifamily_Beaumont__txebke-26-42692__0001.0.pdf?mcid=tGE4TAMA NS8 INC: Former Execs Owe About $68MM in Suit, Says Judge --------------------------------------------------------- Emlyn Cameron of Law360 Bankruptcy Authority reports that Adam Rogas, the former chief executive and co-founder of cybersecurity startup NS8 Inc., has been ordered by a Delaware bankruptcy judge to pay at least approximately $68 million to the litigation trustee handling the company's bankruptcy estate. The decision represents a major development in the trustee's long-running effort to recover money allegedly diverted from the company before its Chapter 11 filing. NS8, which developed technology designed to help businesses detect and prevent online fraud, was founded by Rogas in 2016. Federal authorities accused him of falsifying bank statements, financial records and other business information to exaggerate NS8's revenue and customer base. The inflated figures helped the company secure roughly $123 million through securities offerings in 2019 and 2020, while Rogas allegedly pocketed at least $17.5 million, the report states. NS8 filed for Chapter 11 in October 2020 following Rogas' arrest, later selling substantially all of its assets and changing its name to Cyber Litigation Inc. A litigation trust was subsequently established to pursue claims for the benefit of creditors. Judge Craig T. Goldblatt has previously found that Rogas' fraudulent intent was relevant to the company's transactions because his deception influenced the board's decisions, providing the basis for the trustee's recovery efforts, according to report. About NS8 Inc. Las Vegas-based NS8 Inc. -- https://www.ns8.com/ -- is a developer of a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help businesses minimize risk. NS8 sought Chapter 11 protection (Bankr. D. Del. Case No. 20-12702) on Oct. 27, 2020. The petition was signed by Daniel P. Wikel, the chief restructuring officer. The Debtor was estimated to have $10 million to $50 million in assets and $100 million to $500 million in liabilities at the time of the filing. The Hon. Christopher S. Sontchi is the case judge. The Debtor tapped Blank Rome LLP and Cooley LLP as its legal counsel, and FTI Consulting Inc. as its financial advisor. Stretto is the claims agent. * * * The company changed its name to Cyber Litigation after it sold substantially all of its assets to Codium Software LLC in December 2020. In March 2022, Cyber Litigation won approval of its plan to pay a total of at least $38 million to defrauded investors. NUWELLIS INC: Orca Capital Discloses 7.0% Equity Stake ------------------------------------------------------ Orca Capital AG, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of July 31, 2026, it beneficially owns 223,050 shares of Nuwellis, Inc.'s Common Stock, par value $0.0001 per share, with sole voting power and sole dispositive power over all 223,050 shares, and no shared voting or dispositive power, representing 7% of the Common Stock. The ownership percentage is calculated based on 3,175,134 shares of common stock outstanding immediately after the Issuer's registered offering (as provided in the Final Prospectus filed on Aug. 3, 2026). The figure excludes 260,907 shares issuable upon exercise of common warrants, which are subject to a 4.99% beneficial ownership blocker preventing exercise to the extent it would result in ownership exceeding that threshold. Orca Capital may be reached through: Thomas Konig Orca Capital AG Sperlring 2, 85276 Hettenshausen, Deutschland A full-text copy of Orca Capital AG's SEC report is available at https://tinyurl.com/3fpyprm6. 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. NXT ENERGY: Reports Q2 Net Loss of C$2.6M; Warns of Cash Crunch --------------------------------------------------------------- NXT Energy Solutions Inc. filed its unaudited condensed consolidated interim financial statements with the U.S. Securities and Exchange Commission for the three and six months ended June 30, 2026, reporting a net loss of C$2,559,380 for the three months ended June 30, 2026, compared to a net loss of C$6,982,658 for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net loss of C$4,974,799, compared to a net income of C$701,860 for the same period in the prior year. The Company recorded no SFD(R)-related revenues for the three months ended June 30, 2026, versus C$1,656,476 for the three months ended June 30, 2025. For the six months ended June 30, 2026, SFD(R)-related revenues were C$107,801, versus C$14,120,547 for the same period in the prior year. NXT's consolidated financial statements were prepared on a going-concern basis, but that material uncertainty continues to cast substantial doubt on its ability to continue as a going concern within one year after the date the financial statements were issued. The Company stated that its current cash position is not expected to be sufficient to meet the Company's obligations and planned operations for a year beyond the date that these Consolidated Financial Statements have been issued, although it has had positive progress during the last year to improve its current cash position. The Company continues to develop its pipeline of opportunities to secure additional revenue contracts. The Company's longer-term success remains dependent upon its ability to convert these revenue opportunities into successful contracts, to continue to attract new client projects, expand its revenue base to a level sufficient to exceed fixed operating costs, and generate consistent positive cash flow from operations. The occurrence and timing of these events cannot be predicted with certainty. Further financing options that may or may not be available to the Company include the issuance of new equity, debentures or bank credit facilities. The need for any of these options will be dependent on the timing of securing additional SFD(R) related revenues and obtaining financing on terms that are acceptable to both the Company and the financier. A full-text copy of the Company's report filed on Form 6-K with the Securities and Exchange Commission is available at https://tinyurl.com/ymam9scu. About NXT Energy NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method. This system can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD survey system enables the Company's clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures, and prospect prioritization on areas with the greatest potential. SFD is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration. Calgary, Canada-based MNP LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated March 31, 2026, citing that the Company's current cash position is not expected to be sufficient to meet the Company's obligations and planned operations for a year beyond the date of auditor's report, unless additional financing is obtained or new revenue contracts are completed. This raises substantial doubt about the Company's ability to continue as a going concern. As of June 30, 2026, the Company had C$14.8 million in total assets, C$4.1 million in total liabilities, and C$10.7 million in total stockholders' equity. OCUGEN INC: State Street Holds 6.3% Equity Stake ------------------------------------------------ State Street Corporation, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 21,469,307 shares of Ocugen, Inc.'s Common Stock, with shared voting power over 21,055,589 shares, shared dispositive power over 21,469,307 shares, and no sole voting or dispositive power, representing 6.3% of the shares outstanding. The securities are held through subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Trust Company (each classified as an investment advisers). State Street Corp. may be reached through: Elizabeth Schaefer State Street Corporation One Congress Street Suite 1 Boston, MA 02114 Tel: 484-328-4701 A full-text copy of State Street Corporation's SEC report is available at: https://tinyurl.com/tw6zcxb8. About Ocugen Inc. Malvern, Pa.-based Ocugen, Inc. is a biotechnology Company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines that improve health and offer hope for patients across the globe. The Company's technology pipeline includes: Modifier Gene Therapy Platform, Novel Biologic Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy Platform, and Inhaled Mucosal Vaccine Platform. PricewaterhouseCoopers LLP (the Company's independent registered public accounting firm since 2024 and headquartered in Philadelphia, Pennsylvania) included an explanatory paragraph in its audit report attached to the Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has incurred recurring net losses since inception that raise the doubt of its ability to continue as a going concern. As of June 30, 2026, the Company had $124.2 million in total assets, $140.8 million in total liabilities, and $16.6 million in total stockholders' deficit. OLENOX INDUSTRIES: Dismisses RBSM, Names Urish Popeck as Auditor ---------------------------------------------------------------- Olenox Industries, Inc. said in a regulatory filing with the Securities and Exchange Commission that the Audit Committee of the Board of Directors performed a competitive review process to evaluate and select a new firm as the Company's independent registered public accounting firm for the fiscal year ending Dec. 31, 2026. On Aug. 4, 2026, the Audit Committee approved the dismissal of RBSM LLP as the Company's independent registered public accounting firm and approved the appointment of Urish Popeck & Co, LLC as the Company's new independent registered public accounting firm for the fiscal year ending Dec. 31, 2026. Urish was formally engaged Aug. 5, 2026. RBSM's reports on the Company's financial statements for the fiscal year ended Dec. 31, 2025, contained no adverse opinions or disclaimers of opinions and were not qualified or modified as to uncertainty, audit scope, or accounting principles other than an explanatory paragraph related to the Company's ability to continue as a going concern. During the fiscal year ended Dec. 31, 2025, and the subsequent period through Aug. 4, 2026, there were: (i) no "disagreements" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and RBSM 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 RBSM, would have caused RBSM to make reference to the subject matter of the disagreement in RBSM's reports on the Company's consolidated financial statements for such years, and (ii) no "reportable events" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K), except for the material weaknesses identified in the Company's internal controls over financial reporting, which are: (a) the Company does not have sufficient internal controls related to the timely closing of their accounting records, caused by insufficient accounting resources and a lack of formal review procedures, and (b) the Company does not have sufficient internal controls related to the application of technical accounting guidance to complex and/or new transactions. These material weaknesses were previously disclosed in Item 9A of the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, and were discussed between the Company's Audit Committee and RBSM. The Company provided RBSM with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that RBSM furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether RBSM agrees with the above disclosures and, if not, stating the respects in which RBSM does not agree. A copy of RBSM's letter to the SEC dated Aug. 7, 2026, is available at https://tinyurl.com/mra6s7w7. During the fiscal years ended Dec. 31, 2025, and Dec. 31, 2024, and the interim period through Aug. 4, 2026, the Company did not consult with Urish regarding: (i) the application of accounting principles to a specified transaction, either proposed or completed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that Urish concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue; or (ii) any matter that was either the subject of a "disagreement" (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a "reportable event" (as that term is defined in Item 304(a)(1)(v) of Regulation S-K). About Olenox Industries Olenox Industries Inc., previously known as Safe & Green Holdings Corp., is a vertically integrated energy company operating across multiple business lines, including oil and gas, energy services, and energy technologies. The Company is focused on acquiring, optimizing, and scaling energy-related infrastructure and operating assets across key U.S. markets. Boca Raton, Florida-based RBSM LLP, the Company's auditor since 2026, issued a going concern qualification in its report dated June 30, 2026, citing that the Company has suffered recurring losses from operations and had an accumulated deficit that raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $35.4 million in total assets, $27.2 million in total liabilities, and $8.2 million in total stockholders' equity. OMNICARE LLC: To Solicit Ch.11 Plan Votes After DOJ Deal OK'd ------------------------------------------------------------- Emily Lever of Law360 Bankruptcy Authority reports that Omnicare LLC, a CVS subsidiary, received permission Wednesday, August 12, 2026, to solicit creditor votes on its Chapter 11 restructuring plan after a Texas bankruptcy judge declined to sustain objections brought by the U.S. Trustee. The judge found that the trustee's challenges were largely matters for the eventual confirmation hearing, rather than reasons to prevent Omnicare from distributing its plan and seeking votes. The ruling comes after Omnicare reached a roughly $440 million agreement with the U.S. Department of Justice. The settlement addresses government claims and is an important element of the pharmacy company's proposed restructuring. Omnicare has been working to resolve its financial and legal obligations through Chapter 11 while continuing its efforts to obtain approval of its reorganization plan, the report states. The judge's decision allows the bankruptcy case to advance to the voting stage, although the U.S. Trustee remains free to pursue its concerns when the court considers whether to confirm the plan. Omnicare must now obtain sufficient creditor support before seeking final approval, making the upcoming solicitation and confirmation process critical to the company's restructuring efforts, according to Law360. About Omnicare, LLC Omnicare, LLC is a subsidiary of CVS Health that provides comprehensive pharmacy services. Omnicare and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 25-80486). In its petition, Omnicare reported estimated assets between $100 million and $500 million and estimated liabilities between $1 billion and $10 billion. Judge Stacey G. Jernigan oversees the cases. The Debtors tapped Jenner & Block, LLP and Haynes Boone as legal counsel; Houlihan Lokey as investment banker; Alvarez & Marsal as restructuring advisor; and Stretto, Inc. as claims agent. P3 HEALTH: Swings to $15.7M Profit in Q2; Going Concern Persists ---------------------------------------------------------------- P3 Health Partners 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, reporting a net income of $15.7 million for the three months ended June 30, 2026, compared to a net loss of $43.7 million for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net income of $18.7 million, compared to a net loss of $87.9 million for the same period in the prior year. Total operating revenues for the three months ended June 30, 2026, were $386.4 million, compared to $355.8 million in the prior-year period. For the six months ended June 30, 2026, total operating revenues increased to $772.8 million, compared to $729 million for the same period in the prior year. Liquidity and Going Concern The accompanying unaudited condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. The Company has experienced historical losses from inception through Dec. 31, 2025, and has an accumulated deficit of $642.5 million as of June 30, 2026. As of June 30, 2026, and Dec. 31, 2025, the Company had $21.3 million and $25 million, respectively, in unrestricted cash available to fund future operations. The Company has a working capital deficit of $209.2 million and stockholders' equity of $73.2 million as of June 30, 2026. The Company had negative cash flows from operations of $89.4 million for the six months ended June 30, 2026. As of Aug. 10, 2026, the date of the Form 10-Q, the Company believes that its existing cash resources are not sufficient to support planned operations for at least the next year from the issuance of the unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q. As a result, the Company has concluded that there is substantial doubt about its ability to continue as a going concern within the next 12 months. In evaluating its ability to continue as a going concern and meet its obligations, the Company considered its current projections of future cash flows, current financial condition, sources of liquidity, and debt obligations for at least one year from the date of issuance of this Form 10-Q. This evaluation of the Company's cash resources available over the next year from the date of issuance of the unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q does not take into consideration the potential mitigating effect of the Company's ongoing efforts to raise capital or its plans that have not been fully implemented or the many factors that determine its capital requirements, including the pace of its growth, ability to manage medical costs and the maturity of its members. The Company continues to explore raising additional capital through a combination of debt financing and equity issuances. If the Company raises funds by issuing debt securities or preferred stock or by incurring loans, these forms of financing would have rights, preferences, and privileges senior to those of holders of its common stock. If the Company raises capital through the issuance of additional equity, such sales and issuances would dilute the ownership interests of the existing holders of its Class A common stock. The availability and the terms under which the Company may be able to raise additional capital could be disadvantageous, and the terms of debt financing or other non-dilutive financing may involve restrictive covenants and dilutive financing instruments, which could place significant restrictions on the Company's operations. Macroeconomic conditions and credit markets could also impact the availability and cost of potential future debt financing. There can be no assurances that any additional debt, other non-dilutive and/or equity financing, would be available to the Company on favorable terms, or potentially at all. The Company expects to continue to incur net losses, comprehensive losses, and negative cash flows from operating activities in accordance with its operating plan. If the Company is unable to obtain additional funding when needed, it will need to curtail planned activities, divest certain operations, sell certain assets, or reduce its costs, which will likely have an unfavorable effect on its ability to execute on its business plan and have an adverse effect on its business, results of operations, and future prospects. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/2mrxu62c. About P3 Health Partners Henderson, Nev.-based P3 Health Partners Inc is a patient-centered and physician-led population health management company and, for accounting purposes, the successor to P3 Health Group Holdings, LLC and its subsidiaries after the consummation of a series of business combinations in Dec. 2021 with Foresight Acquisition Corp. As the sole manager of P3 LLC, P3 operates and controls all of the business and affairs of P3 LLC and P3's only assets are equity interests in P3 LLC. Las Vegas, Nev.-based BDO USA, P.C., the Company's auditor since 2021, issued a "going concern" qualification in its report dated March 26, 2026, citing that the Company has suffered recurring losses from operations and has working capital deficiencies that raise substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company had $654.4 million in total assets, $516.7 million in total liabilities, $64.5 million in mezzanine equity, and $73.2 million in total stockholders' equity. PACIFICA OF THE VALLEY: Cash Collateral Access Extended to Aug. 28 ------------------------------------------------------------------ Pacifica of the Valley Corporation received another extension from the U.S. Bankruptcy Court for the District of Delaware to use cash collateral to fund its operations. The court on August 11 entered a second interim order authorizing the Debtor to use cash collateral through August 28 in accordance with its budget, subject to a permitted variance. The Debtor was initially allowed to access cash collateral from July 4 to 24 under the court's July 9 interim order. Under the second interim order, the Debtor is prohibited from paying pre-petition debts before the effective date of a confirmed Chapter 11 plan except for payments made in accordance with the budget or authorized by the second interim order or any order in connection with any relief requested by the Debtor at the commencement of its Chapter 11 case. The Debtor has only $240,798 in cash on hand, underscoring the urgent need for access to cash collateral to maintain critical 24/7 emergency and subacute care, preserve hundreds of local jobs, and protect the hospital's going-concern value. The Debtor operates Pacifica Hospital of the Valley, a 231-bed acute care hospital in Sun Valley, California. Since 2013, the Debtor has operated the hospital pursuant to a long-term master lease. Pacifica's sole secured lender is Axios Capital Solutions, LLC, an entity created by Dr. Ehab Yacoub to acquire the Debtor's loan from the original lenders, First Western Trust Bank and the Federal Reserve Bank of Boston, after years of litigation with its owner. Aside from Axios, the other pre-petition secured parties that claim interests in the cash collateral are the landlords under the master lease including Reliq Pacifica LLC, Beverly Gemini Investments, LLC, Taking the 5th, LLC, and Fifth/Arizona Investors, LLC; and the Local Initiative Health Authority for Los Angeles County, which has a contingent security interest in proceeds distributed under the California Quality Assurance Fee program. The landlords assert an estimated $9.5 million debt secured by the Debtor's personal property while the Local Initiative Health Authority claims an estimated $7.5 million debt. To protect the secured parties from any potential diminution in the value of their pre-petition collateral including cash collateral, the Debtor offers to grant them replacement liens on all property acquired after its Chapter 11 filing, with the same priority and extent as their pre-petition liens. In addition, the pre-petition secured creditors will receive a superpriority administrative expense claim to the extent the other forms of protection prove insufficient. Both the replacement liens and the superpriority administrative expense claim are subordinate to the carveout. The Debtor's authority to use cash collateral will terminate on August 28 or upon the occurrence of any of the following events: (i) the effective date of a Chapter 11 plan; (ii) the Debtor's failure to cure, within five business days after notice, any violation of the order; (iii) the filing of a motion to dismiss or convert the bankruptcy case, or entry of an order doing so; (iv) the appointment of a Chapter 11 trustee or an examiner with expanded powers; (v) the Debtor's failure to timely provide required documents or information, or failure to cure a material misrepresentation within five business days after notice; or (vi) the Debtor's failure to comply with the budget, other than within the permitted variance. The order is available at http://bankrupt.com/misc/PacificaoftheValley_CCOrder148.pdf The court scheduled a final hearing for August 27 and set an August 20 deadline for filing objections. About Pacifica of the Valley Pacifica of the Valley, doing business as Pacifica Hospital of the Valley, operates a 231-bed acute care hospital located in Sun Valley, California. The hospital provides inpatient, outpatient, 24-hour emergency, acute care, surgical, rehabilitation, subacute, behavioral health, diagnostic imaging, laboratory, and pharmacy services. It serves adults in the San Fernando Valley and operates a behavioral health urgent care clinic in Sylmar that provides crisis intervention, stabilization, case management, and urgent mental health care. Pacifica of the Valley Corporation, doing business as Pacifica Hospital of the Valley, filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 26-11060) on July 4, 2026, listing $50 million to $100 million in assets and $100 million to $500 million in liabilities. The petition was signed by Precious Mayes as chief executive officer and president. Judge Thomas M Horan oversees the case. The Debtor tapped Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP and Samuel R. Maizel, Esq., at Dentons US, LLP as legal counsel; and Peter Chadwick, managing director at Berkeley Research Group, LLC, as chief restructuring officer. Verita Global is the Debtor's claims and noticing agent and administrative advisor. PAPA JOHN'S: S&P Lowers ICR to 'B+', Outlook Stable --------------------------------------------------- S&P Global Ratings lowered its issuer credit rating and issue-level rating on Papa John's by one-notch to 'B+' from 'BB-' and 'B' from 'B+', respectively. The recovery rating on the senior secured notes remains '5'. S&P said, "The stable outlook indicates our view that Papa John's will operate with leverage of 4.0x-5.0x over the next 12 months. Although we anticipate the company will continue facing economic and competitive headwinds, its turnaround plan should support sequential comparable-sales improvements in the back half of 2026 and into 2027. Furthermore, the stable outlook is supported by our assumption that certain restructuring costs and incremental marketing costs should decrease in 2027, supporting margin expansion and leverage in the mid- to low-4.0x area. "Following weaker-than-expected operating performance and a downward revision to 2026 guidance, we now expect Papa John's International Inc.'s S&P Global Ratings-adjusted leverage to be sustained above 4x through 2027. "We expect the operating environment to remain challenging for Papa John's and believe its incremental marketing and franchisee support investments announced in the second quarter are necessary to remain competitive and turn around operating performance. "Our base case assumes margin improvement and deleveraging in 2027, supported by lower restructuring costs and less marketing spending. "We forecast Papa John's will operate with leverage above 4.0x through 2027. The company's operating performance through the first half of 2026 was weaker than we had expected, as a challenging macroeconomic environment and intense competitive dynamics have pressured visit volumes. In the second quarter, Papa John's North American comparable sales fell 8.3% after falling 6.4% in the first quarter. We now expect North American comparable sales to be down 8% for full-year 2026." S&P Global Ratings-adjusted leverage increased to 4.5x for the 12 months through June 28th, 2026, from 4.0x over the same period last year. According to Papa John's management, its turnaround efforts are taking longer than anticipated, requiring additional investments in marketing and franchisee subsidies. S&P said, "Given the increased investment and challenging operating environment, both of which we believe will persist into 2027, we now expect leverage to be in the high-4x area in 2026 before improving to the mid- to low-4x area in 2027. Our forecast is largely dependent on the success of Papa John's turnaround plan, with much of the expected deleveraging in 2027 stemming from a reduction in turnaround-related costs as operations trend toward stable or positive comparable sales." S&P said, "While we anticipate improving operating trends, we emphasize that there is uncertainty in our forecast given the volatile pizza category and the ongoing competitive dynamics. Papa John's has yet to prove it can at least maintain market share and stabilize volumes amid discounting from larger competitors. If the turnaround plan fails to gain traction or is again delayed, Papa Johns would likely require additional investment or look to shutter additional locations (beyond the 300 underperforming restaurants identified for closure at the beginning of 2026), both of which would hurt profitability and pressure credit metrics beyond our current expectations. "We expect credit metrics to improve beyond 2026. Webelieve the company's decision to make incremental investments to support its turnaround is prudent and necessary to rebuild the brand but detrimental to near-term credit metrics and profitability. The turnaround costs burdening profitability largely reflect approximately $35 million in supplemental marketing and franchisee support and elevated restructuring costs related to severance and third-party consultant fees. As a result, we project that S&P Global Ratings-adjusted EBITDA margins will reach a trough of approximately 10.3% in 2026. We expect improvement to the 11.5%-12.5% range in 2027 as turnaround costs--namely the restructuring costs--begin to moderate. We assume that roughly half the supplemental marketing and franchisee support investments will carry over into 2027. "We believe Papa John's dividend suspension provides the company with a cash flow cushion to manage near-term headwinds. Papa John's has announced the suspension on its quarterly dividend, which will free up approximately $60 million annually of cash flow that it can use to help support turnaround-related investments. Furthermore, it could use the additional cash flow to control its debt balance, as the company targets a covenant leverage threshold of 3.0x-3.5x (roughly 0.5-1.5x above S&P Global Ratings-adjusted leverage, depending on the restructuring or nonrecurring costs incurred during the year). While we believe this decision is largely a positive credit factor, providing Papa John's with the required liquidity to engage in its turnaround plan, it's also an indicator of the current strain. We will continue to monitor the company's ability to execute its transformation plan and its progress in achieving the projected margin and leverage improvements. "The stable outlook indicates our view that Papa John's will operate with leverage of 4.0x-5.0x over the next 12 months. Although we anticipate the company will continue facing economic and competitive headwinds, benefits from its turnaround plan should support sequential comparable-sales improvements in the back half of 2026 and into 2027. The stable outlook is also supported by our assumption that certain restructuring costs and incremental marketing costs should decrease in 2027, supporting margin expansion and leverage in the mid- to low-4.0x area. "We could lower our rating on Papa John's over the next 12 months if its credit measures deteriorate, notably if we come to expect S&P Global Ratings-adjusted leverage will be sustained above 5.0x." This could occur if: -- An unfavorable economic environment, heightened industry competition, or food-safety issues lead to sharply weaker operating results without prospects of near-term operating improvement or debt reduction, or -- The company shifts to a more aggressive financial policy while increasing debt to fund an acquisition or shareholder returns. Although unlikely over the next 12 months due to the challenging operating environment, S&P could consider an upgrade if Papa John's leverage were to improve to below 4.0x on a sustained basis. In this scenario S&P would expect: -- Papa John's to sustain operating performance gains and an improvement in scale, supported by positive comparable sales, successful new restaurant development, and solid margin expansion; or -- Operating results that exceed our base case while the company commits to a more conservative financial policy. PARAMOUNT ROOFING: Unsecureds Will Get 22.8% over 60 Months ----------------------------------------------------------- Paramount Roofing, LLC, a New Mexico limited liability company, filed with the U.S. Bankruptcy Court for the District of New Mexico a Subchapter V Plan dated August 3, 2026. Paramount Roofing, LLC, a New Mexico limited liability company, proposes a Chapter 11 Subchapter V reorganization plan that commits all of its projected disposable income to creditor payments over a 60-month plan term. Total projected plan payments are $572,933.04, including $20,000 for administrative claims and fee requests. After those expenses, projected disposable income totals $552,933.00. Following payment of secured and priority tax claims, the remaining $154,826.40 will be distributed pro rata to general unsecured creditors. The debtor may prepay any obligations under the plan without penalty. The plan provides the following treatment of claims: * Class 1 Chase Claim: The claim is bifurcated into secured and unsecured portions. The secured portion is allowed in the amount of $151,346.45 and will be repaid over 60 months through monthly payments of $3,560.92 at 14.50% interest, with Chase retaining its lien until paid in full. The remaining $63,302.38 deficiency claim will be treated as a general unsecured claim. * Class 2 New Mexico Taxation and Revenue Department: The secured tax claim of $119,447.12 will be repaid over 60 months in equal monthly payments of $2,365.20, including 7% annual interest. The department's priority tax claim will receive priority treatment under the plan. * Class 3 General Unsecured Claims: Allowed unsecured claims are estimated at $678,453.59, plus any additional rejection damages claims. Creditors will share $154,826.40 through monthly payments of $2,580.44 over 60 months, resulting in an estimated recovery of approximately 22.8% of allowed claims. Payments will continue until either all allowed unsecured claims are paid in full or the 60-month plan term ends. The plan will be funded entirely from the debtor's projected disposable income. After confirmation, the reorganized debtor will continue operating under the ownership and management of Michael Croce, who will retain all equity interests and remain Owner/CEO. His annual owner draw is projected at $98,718 throughout the plan term, with no cost-of-living increases. If confirmed under the applicable Bankruptcy Code provision, all property of the debtor will vest in the reorganized debtor on the plan's effective date, subject to the plan's terms. A full-text copy of the Subchapter V Plan dated August 3, 2026 is available at https://urlcurt.com/u?l=D4wur2 from PacerMonitor.com at no charge. Counsel to the Debtor: Joseph Yar, Esq. Velarde & Yar P.O. Box 11055 Albuquerque, NM 87192 Telephone: (505) 248-1828 About Paramount Roofing Paramount Roofing, LLC operates a roofing company providing new roof construction, roof repairs and storm damage restoration services for residential and commercial properties. Paramount Roofing filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. N.M. Case No. 26-10274) on March 2, 2026, listing assets of between $100,001 and $500,000 and liabilities of between $500,001 and $1 million. Daniel Behles, Esq., at 709 Consulting, LLC serves as Subchapter V trustee. Judge Robert H. Jacobvitz oversees the case. The Debtor tapped Gerald R. Velarde, Esq., at Velarde & Yar as legal counsel and Burgmaier & Associates, Inc. as accountant. PARKWAY CENTER: Hires J. Andrew Braithwaite P.A. as Counsel ----------------------------------------------------------- Parkway Center LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ J. Andrew Braithwaite, P.A. as counsel. The firm will assist in engaging in negotiations with creditors, representation in court hearings, and ensure that the Debtor fulfills all legal and ethical obligations owed to creditors and the Court. The firm will be paid at the rate of $5,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Mr. Braithwaite disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: J. Andrew Braithwaite, Esq. J. Andrew Braithwaite, P.A. 390 N. Orange Avenue Suite 2300 Orlando, FL 32801 Tel: (407) 796-2639 Fax: (407) 393-5549 Email: andy.braithwaitelaw@gmail.com About Parkway Center LLC Parkway Center LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-05468) on July 21, 2026, with $1,000,001 to $10 million in assets and liabilities. John Andrew Braithwaite, Esq. at Braithwaite & Associates, PA represents the Debtor as legal counsel. PCR AGAWAM: Gets Interim OK to Use Cash Collateral Until Sept. 24 ----------------------------------------------------------------- The United States Bankruptcy Court for the District of Massachusetts issued a proceeding memorandum and order authorizing PCR Agawam, LLC to use cash collateral on an interim basis under the same term and condition through September 24. The court ordered the Debtor to file by September 22 a reconciled budget showing actual to projected income and expenses for the period ending August 31 as well as beginning and ending bank balances monthly, and a projected budget for September, October and November. A hearing on the Debtor's continued use of cash collateral is scheduled for September 24. About PCR Agawam LLC PCR Agawam LLC is a Massachusetts-based limited liability company engaged in real estate ownership and investment activities. PCR Agawam LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-30101) on February 16, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Elizabeth D. Katz handles the case. The Debtor is represented by Louis S. Robin, Esq., of Law Offices of Louis S. Robin. PHATHOM PHARMA: Debts Exceed Assets by $344.3M at June 30 --------------------------------------------------------- Phathom Pharmaceuticals, Inc.'s stockholder's deficit was US$344.3 million at June 30, 2026. The stockholder's deficit was US$438.2 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$327.1 million and total liabilities of US$671.3 million. At Dec. 31, 2025, the Company had total assets of US$259.1 million and total liabilities of US$697.3 million. The Company disclosed that in May 2022, the U.S. Food and Drug Administration, or FDA, approved the Company's new drug applications, or NDAs, for vonoprazan triple therapy, under the brand name VOQUEZNA TRIPLE PAK, and vonoprazan dual therapy, under the brand name VOQUEZNA DUAL PAK for the treatment of Helicobacter pylori, or H. pylori, infection. From inception to June 30, 2026, the Company disclosed that it has devoted substantially all of its efforts to organizing and staffing the Company, business planning, raising capital, in-licensing vonoprazan, meeting with regulatory authorities, managing the clinical trials of vonoprazan, preparing for commercialization of its initial products containing vonoprazan, commercially launching its approved products in the U.S., and providing other selling, general and administrative support for these operations. The Company said its accompanying unaudited interim condensed financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business, and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or amounts and classification of liabilities in accordance with GAAP. Management is required to perform a two-step analysis over the Company's ability to continue as a going concern. Management must first evaluate whether there are conditions and events that raise substantial doubt about the Company's ability to continue as a going concern (Step 1). If management concludes that substantial doubt is raised, management is also required to consider whether its plans alleviate that doubt (Step 2). The Company's management believes that it has sufficient working capital on hand to fund operations through at least the next twelve months from the date these unaudited interim condensed financial statements were issued. There can be no assurance that the Company's projections of its future working capital needs will prove accurate, that the Company will be successful in acquiring additional funding, if needed, or that any additional funding, if needed, would be sufficient to continue operations in future years. A full-text copy of the Form 10-Q is available at https://tinyurl.com/t6vwuauj About Phathom Pharmaceuticals Phathom Pharmaceuticals, Inc., is a biopharmaceutical company focused on developing and commercializing treatments for gastrointestinal diseases and disorders. The Company is advancing therapies that target acid-related conditions, aiming to address significant unmet medical needs in gastroenterology. PHOENIX CONVERTING: Hires Adelman & Gettleman Ltd. as Counsel ------------------------------------------------------------- Phoenix Converting, Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ Adelman & Gettleman, Ltd. as counsel. The firm's services include: a. reviewing and analyzing bank documentation, corporate documentation, contracts to which the Debtors are a party and other necessary documentation and information regarding the Debtors or otherwise evidencing claims which have been or may be asserted against the Debtors and their properties; b. taking the necessary steps to file the Chapter 11 Cases for the Debtors and therein pursue court approval of the matters described in items (c) through (h) below; c. taking appropriate steps in the Chapter 11 Cases to seek the approval of a sale process and bidding procedures under which the Debtors' assets will be offered for sale in a public auction; d. working with the U.S. Trustee's office and the Committee to facilitate the sale process; e. identifying potential claims of the bankruptcy estate and prosecuting or otherwise preserving the claims for the benefit of the estate; f. working with various constituencies which may have claims to particular assets of the Debtors, with a view toward reaching resolutions or otherwise prosecuting the rights of the Debtors in the bankruptcy court; g. preparing various motions and other court filings required by chapter 11 to allow the Debtors to operate in the ordinary course of business in the Chapter 11 Cases as debtors-in-possession and wind down their affairs; and h. advising the Debtors and preparing the appropriate pleadings on actions to be taken in the Chapter 11 Cases, including to: (i) obtain authority, if necessary, for use of cash collateral in the ordinary course of business and to obtain debtor-in-possession financing; (ii) determine the scope of the liens of the creditors; (iii) commence valuation proceedings to determine the value of collateral held by lenders or lessors; (iv) formulate and draft a chapter 11 plan of liquidation, if feasible; and (v) perform such other duties and responsibilities of counsel to the debtors-in-possession in the Chapter 11 Cases. The firm will be paid at these hourly rates: Howard L. Adelman $745 Chad H. Gettleman $745 Henry B. Merens $745 Adam P. Silverman $645 Steven B. Chaiken $595 Erich S. Buck $595 Alexander F. Brougham $525 Nicholas R. Dwayne $525 Dina A. Kostrow $425 Zachary D. Sparcella $425 Paralegals/Research Clerks $175 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Adam P. Silverman, a partner at Adelman & Gettleman, Ltd, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Adam P. Silverman, Esq. Alexander F. Brougham, Esq. Dina A. Kostrow, Esq. Adelman & Gettleman, Ltd. 53 West Jackson Boulevard, Suite 1050 Chicago, IL 60604 Tel: (312) 435-1050 Fax: (312) 435-1059 Email: asilverman@ag-ltd.com abrougham@ag-ltd.com dkostrow@ag-ltd.com About Phoenix Converting Inc. Phoenix Converting, Inc. produces flexible packaging and provides package development, printing and design, prepress, pouching, slitting, laminating, and custom bag and pouch production. It serves markets including food and beverage, household and personal care, industrial and automotive, medical, nutraceutical, and pet food. The company is headquartered in Itasca, Illinois, and operates locations in Illinois and Wisconsin. It adopted the Flex Pack name in 2024 following the rebranding of Advanced Converting Works. Phoenix Converting and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Lead Case No. 26-11935) on July 20, 2026. In the petition signed by Steven Boyer as chief executive officer, Phoenix Converting reported between $10 million and $50 million in both assets and liabilities. Judge David D. Cleary presides over the case. Adam P. Silverman, Esq., at Adelman & Gettleman, Ltd. represents the Debtor as legal counsel. PHOENIX CONVERTING: Hires SC&H Group Inc. as Investment Banker -------------------------------------------------------------- Phoenix Converting, Inc. and affiliates seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ SC&H Group, Inc. as investment banker. The firm's services include: a. familiarizing itself with the business, operations, assets, financial condition and prospects of the Flex Pack Business; b. advising the Debtors in analyzing their strategic alternatives and structuring and effecting the financial aspects of the Asset Sale; c. designing the appropriate process to effect and initiate the Asset Sale, including any analysis of the various alternatives and, if appropriate, the potential counterparties to be contacted for the Asset Sale; d. preparing a confidential information memorandum or other materials about the Debtors and the Flex Pack Business for consideration by potential counterparties; e. contacting potential counterparties in connection with the Asset Sale and requiring potential counterparties to execute confidentiality agreements in favor of the Debtors, unless instructed otherwise; f. facilitating the development of the VDR with appropriate diligence materials for review by potential counterparties; g. circulating a confidential information memorandum and marketing materials, and providing access to the VDR or sending materials to potential counterparties, after completing confidentiality documents; h. coordinating diligence with potential counterparties and negotiating with and solicit offers from potential counterparties; i. advising the Debtors in structuring the Asset Sale and making recommendations as to whether or not a particular offer should be accepted; j. providing any relevant testimony before the Court and if necessary, providing assistance with the submission of bid procedures to the Court and conducting the resulting auction; k. if requested by the Debtors, negotiating with various stakeholders of the Debtors, including but not limited to, secured and unsecured creditors and equity shareholders, in regard to the possible financial restructuring of the existing claims of the creditors and/or equity stakeholders of the Debtors; and l. coordinating with the Debtors' legal counsel regarding matters related to the closing of the Asset Sale. The firm will be paid as follows: a. Monthly Fee. A nonrefundable cash fee of $20,000 per month (each a "Monthly Fee"), payable in advance. Fifty percent (50%) of all Monthly Fees paid to, and received by, SC&H will be credited against any Transaction Fee (as defined below) to which SC&H becomes entitled. b. Transaction Fees. A transaction fee (the "Transaction Fee"), consisting of either: (i) in the event the Debtors complete the Asset Sale, a fee paid upon closing (the "Sale Fee") equal to the sum of (a) $500,000 plus (b) three percent (3%) of the total consideration received in excess of $20 million2; or (ii) in the event the Debtors' senior indebtedness is sold and the Debtors consequently terminate the SC&H Engagement Agreement, a fee (the "Break Fee") to be paid upon the notice of such termination equal to $200,000. c. Expenses. Whether or not the Asset Sale is consummated, the Debtors must pay all of SC&H's reasonable out-of-pocket expenses incurred in connection with the engagement (the "Expense Reimbursement"). Mr. Fixler disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Michael Fixler SC&H Group, Inc. 11000 Broken Land Pkwy Suite 500 Columbia, MD 21044 Tel: (410) 403-1500 About Phoenix Converting Inc. Phoenix Converting, Inc. produces flexible packaging and provides package development, printing and design, prepress, pouching, slitting, laminating, and custom bag and pouch production. It serves markets including food and beverage, household and personal care, industrial and automotive, medical, nutraceutical, and pet food. The company is headquartered in Itasca, Illinois, and operates locations in Illinois and Wisconsin. It adopted the Flex Pack name in 2024 following the rebranding of Advanced Converting Works. Phoenix Converting and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Lead Case No. 26-11935) on July 20, 2026. In the petition signed by Steven Boyer as chief executive officer, Phoenix Converting reported between $10 million and $50 million in both assets and liabilities. Judge David D. Cleary presides over the case. Adam P. Silverman, Esq., at Adelman & Gettleman, Ltd. represents the Debtor as legal counsel. PIC ESTATE: Hearing to Approve Asset Sale Scheduled for September 8 ------------------------------------------------------------------- PIC Estate, LLC, which filed a chapter 11 bankruptcy case on March 2, 2026, currently pending in the United States Bankruptcy Court for the Eastern District of Texas as Case No. 26-40725 has entered into an agreement to sell the real property described generally as approximately 387 acres located in and around County Road 480 and US Highway 380 in Princeton, Texas, for a total purchase price of $41,556,206.61. A hearing to consider approval of the proposed sale will be held on September 8, 2026, at 2:00 p.m. (Central Daylight Time) in the Bankruptcy Court. PIC is willing to consider higher and better offers for the property. Any party interested in obtaining additional information regarding the sale, bidding procedures, bidding conditions, or submissions of competing offers may contact PIC’s bankruptcy counsel, Howard Marc Spector, 12770 Coit Road, Suite 850, Dallas, Texas 75251; email: hspector@spectorcox.com. The proposed sale is subject to bidding procedures previously entered by the Bankruptcy Court and is conditioned upon approval of the Bankruptcy Court as well as the terms and conditions set forth in the applicable purchase and sale agreement and any order approving the sale. About PIC Estate LLC PIC Estate LLC owns and manages multiple parcels of land ranging from approximately 6 to 126 acres, primarily located along County Road 490 and US 380 near Princeton and Lavon Lake, Texas, and holds these properties as its principal real estate assets. PIC Estate LLC in Dallas TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D. Tex. Case No. 26-40725) on March 2, 2026, listing as much as $10 million to $50 million in both assets and liabilities. Md Tauhid Choudhury as managing member, signed the petition. SPECTOR & COX, PLLC, serves as the Debtor's legal counsel. PITTSBURGH SOUTHWESTERN: Unsecureds to Get 2% on Quarterly Payments ------------------------------------------------------------------- Pittsburgh Southwestern Industries Co. filed with the U.S. Bankruptcy Court for the Western District of Pennsylvania a Plan of Reorganization for Small Business dated August 3, 2026. The Debtor is a heavy civil and site development contractor that performs excavation, grading, underground utility installation, erosion control, aggregate placement, concrete work, and other earthmoving services to prepare land for construction. The company is wholly owned by Timothy Legarsky. After experiencing fluctuating revenue and payment issues on contracts over several years, the company fell behind on vehicle, equipment, and tax obligations. It filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Western District of Pennsylvania to stop collection efforts and reorganize. Since filing, the company reports securing substantial ongoing business, improving its financial management, and remaining current on tax obligations and equipment payments. The reorganization plan provides the following treatment of claims: Class 2 John Deere Secured Claims: Three secured equipment loans will be repaid over 60 months at their contractual interest rates: * A claim secured by a 2019 John Deere 650K XLT Dozer will be paid a secured value of $105,000 at 4.35% interest. * A claim secured by a 2019 John Deere 410L Loader Backhoe will be paid a secured value of $65,860 at 5.99% interest. * A claim secured by a 2017 Hitachi Zaxis 180 Excavator will be paid $59,000 at 4.50% interest. Monthly payments on each claim will begin in the month following the plan's effective date and continue until paid in full. Class 3 General Unsecured Claims: Known undisputed unsecured claims total $451,714.68. The debtor will make 20 quarterly payments of $450, for a total distribution of $9,000, to be shared pro rata among allowed unsecured creditors. This represents an estimated recovery of approximately 2% of allowed claims. Disputed unsecured claims will receive no distributions, and creditors with outstanding UCC filings must terminate their liens within 30 days of the plan's effective date. Timothy Legarsky will retain 100% ownership of the company. The plan will be funded through the debtor's ongoing contracting business revenue. Depending on the method of plan confirmation, payments will either be administered by the Subchapter V trustee for funds received before confirmation or made directly by the debtor after the trustee's role ends or if the plan is confirmed under the applicable provisions allowing the debtor to make payments directly. A full-text copy of the Plan of Reorganization dated August 3, 2026 is available at https://urlcurt.com/u?l=myYbbO from PacerMonitor.com at no charge. Counsel to the Debtor: Christopher M. Frye, Esquire STEIDL AND STEINBERG, P.C. Koppers Building, Suite 322 436 Seventh Avenue Pittsburgh, PA 15219 Telephone: (412) 391-8000 E-mail: chris.frye@steidl-steinberg.com About Pittsburgh Southwestern Industries Co. Pittsburgh Southwestern Industries Co. is a full-service heavy civil and site development contractor that transforms raw land into construction-ready sites through excavation, grading, underground utility installation, erosion control, aggregate placement, concrete work, and related earthmoving services. The Debtor sought protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-20440) on February 17, 2026. At the time of the filing, Debtor had estimated assets of between $50,001 and $100,000 and liabilities of between $100,001 and $500,000. Steidl and Steinberg, P.C. is Debtor's legal counsel. PIVOT ROCK 02: Case Summary & Four Unsecured Creditors ------------------------------------------------------ Debtor: Pivot Rock 02 LLC 101 Gil Kuykendall Road Kyle, TX 78640 Business Description: Pivot Rock 02 LLC is a real estate company associated with a residential property in Kyle, Texas, and engaged in real estate-related activities. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Western District of Texas Case No.: 26-11536 Debtor's Counsel: Jameson J. Watts, Esq. KANE RUSSELL COLEMAN LOGAN PC 401 Congress Avenue, Suite 2100 Austin, TX 78701 Tel: 512-487-6571 Fax: 214-777-4299 Email: jwatts@krcl.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Joyce Harvey Porter as member. A full-text copy of the petition, which includes a list of the Debtor's four unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/MLLD2OA/Pivot_Rock_02_LLC__txwbke-26-11536__0001.0.pdf?mcid=tGE4TAMA PJS CONSTRUCTION: Hires Curran & Company LLP as Accountant ---------------------------------------------------------- PJS Construction Custom Building & Remodeling seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to hire Ryan S. Curran, CPA, JD and Curran & Company LLP as accountant. The firm will render these services: a. prepare MORS and financial statements; b. provide planning, forecasting, and performance review for management; and c. report cost controls and conduct operational analyses as required by the court for this Chapter 11 case. The firm will be paid at these rates: Ryan Curran, CPA $550 per hour Bookkeeper $155 per hour As disclosed in the court filings, Ryan S. Curran, CPA, JD is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Ryan Curran, CPA Curran & Company LLP 59 Lincoln Park, #200 Newark, NJ 07102 Phone: (862) 279-7252 Email: info@curranllp.com About PJS Construction Custom Building & Remodeling PJS Construction Custom Building & Remodeling sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Case No. 25-20291) on September 30, 2025, listing up to $50,000 in both assets and liabilities. Jessica M. Minneci, Esq. at Middlebrooks Shapiro, P.C. represents the Debtor as counsel. PLATINUM RECRUITING: Seeks Subchapter V Bankruptcy in Indiana ------------------------------------------------------------- On July 31, 2026, Platinum Recruiting Group Inc. filed for Chapter 11 protection in the Southern District of Indiana. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. A meeting of creditors under Section 341(a) to be held on September 1, 2026 at 02:30 PM Eastern via a teleconference at 888-330-1716; passcode 6790688. 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 Subchapter V of 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. PMIC PROPERTY: Taps Keller Williams Realty as Real Estate Broker ---------------------------------------------------------------- PMIC Property Management, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Louisiana to hire Selena Lormand of Keller Williams Realty Acadiana as real estate broker. The firm will market and sell the Debtor's property in 307 Alcide Dominque Drive. The firm will render these services: 1. prepare all marketing materials, advertising and publicity necessary to advertise and promote the sale; 2. generate leads, to list the property for sale in the applicable Multiple Listing Services, and to otherwise advertise the property for sale; 3. utilize its experience and expertise to sell the property in a professional manner in a effort to obtain the highest possible price for the property; and 4. appear in the Bankruptcy Court and testify about the sale or any related matter upon request. The broker has agreed to perform these services for a 2% commission. Keller Williams Realty Acadiana is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Selena Lormand Keller Williams Realty Acadiana 100 Asma Blvd Suite 100 Lafayette, LA 70508 Phone: (337) 735-9300 About PMIC Property Management, LLC PMIC Property Management, LLC is a Lafayette, Louisiana-based lessor of nonresidential buildings. The company owns and manages a 1.891-acre medical office property located at 307 Alcide Dominique Drive in Lafayette, which serves as the clinical location for Moore Healthcare Group. The Chapter 11 filing followed a seizure action by Rayne State Bank & Trust Company, which had scheduled the property for a sheriff's sale on July 22, 2026. PMIC acquired the property in July 2014 and has operated it as a medical office property for more than a decade. PMIC Property Management, LLC sought relief under Chapter 11 Small Business of the U.S. Bankruptcy Code (Bankr. W.D. La. Case No. 26-50662) on July 21, 2026. In its petition, the debtor reported estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. The Honorable John W. Kolwe handles the case. The debtor is represented by David Patrick Keating, Esq. POLARIS VENTURES: Case Summary & Two Unsecured Creditors -------------------------------------------------------- Debtor: Polaris Ventures, Inc. 1001 Hideaway Drive Keller, TX 76248 Business Description: Polaris Ventures Inc. provides consulting and advisory services to independent package delivery companies, offering guidance aimed at improving the efficiency and profitability of delivery operations. The Company previously operated as an independent package delivery services provider serving certain FedEx delivery routes. Polaris Ventures sold those routes through transactions completed in approximately August 2023 and March 2025 and subsequently transitioned its operations toward consulting and advisory services. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court Northern District of Texas Case No.: 26-43489 Debtor's Counsel: Emily Campbell, Esq. ROCHELLE MCCULLOUGH, LLP 300 Throckmorton Street, Suite 520 Fort Worth, TX 76102 E-mail: ecampbell@romclaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Nicole Maxwell as president. A copy of the Debtor's list of its two unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/FGHNWHA/Polaris_Ventures_Inc__txnbke-26-43489__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/E7PUE6A/Polaris_Ventures_Inc__txnbke-26-43489__0001.0.pdf?mcid=tGE4TAMA PRG FLETCHER:S&P Rates 2026A/B Student Housing Revenue Bonds 'BB+' ------------------------------------------------------------------ S&P Global Ratings assigned its 'BB+' long-term rating to Capital Projects Finance Authority's $201.4 million series 2026A (tax-exempt) and $4.2 million series 2026B (taxable) student housing revenue bonds, issued for PRG Fletcher Properties LLC--University of South Florida Project (PRG-Fletcher). The outlook is stable. S&P said, "The stable outlook reflects our expectation that during the two-year outlook period, construction will progress on time and within budget. "We could consider a negative rating action during the outlook period if there are cost overruns or construction delays that inhibit the project’s ability to open on time. Beyond the outlook period, we could consider a negative rating action if occupancy is materially weaker than projected, pressuring the projects’ ability to meet projected coverage. "We do not expect to raise the rating or revise the outlook to positive during the outlook period as the project will be under construction. Beyond the outlook period, an established trend of strong occupancy and debt service coverage (DSC) could lead to a positive rating action." PROTEUS GENOMICS: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: Proteus Genomics LLC 5268 Old Highway 11 Suite 11 Hattiesburg, MS 39402 Business Description: Proteus Genomics LLC operates a medical and diagnostic laboratory in Hattiesburg, Mississippi, providing molecular, genetic and microbiology testing services, including PCR-based testing used to identify pathogens and antibiotic- resistance genes. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 26-02659 Judge: Hon. Tamara O Mitchell Debtor's Counsel: Bill D. Bensinger, Esq. CHRISTIAN & SMALL LLP 505 20th Street North, Suite 1800 Birmingham, AL 35203-2696 Tel: 205-795-6588 E-mail: bdb@csattorneys.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Benjamin Williams as chief executive officer. The Debtor did not include a list of its 20 largest unsecured creditors with the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/GGMWEQA/Proteus_Genomics_LLC__alnbke-26-02659__0001.0.pdf?mcid=tGE4TAMA PROTEUS MOLECULAR: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: Proteus Molecular and Clinical Lab LLC 218 Summit Parkway Birmingham, AL 35209 Business Description: Proteus Molecular and Clinical Lab LLC operates a clinical reference laboratory in Birmingham, Alabama, providing molecular diagnostic and genetic testing services, including pharmacogenetic testing used to assess how patients' genetic characteristics may affect their response to medications. Chapter 11 Petition Date: August 3, 2026 Court: United States Bankruptcy Court Northern District of Alabama Case No.: 26-02658 Judge: Hon. Tamara O. Mitchell Debtor's Counsel: Bill D. Bensinger, Esq. CHRISTIAN & SMALL LLP 505 20th Street North, Suite 1800 Birmingham, AL 35203-2696 Tel: 205-795-6588 Email: bdb@csattorneys.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Benjamin Williams as chief executive officer. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/B5HICJQ/Proteus_Molecular_and_Clinical__alnbke-26-02658__0001.0.pdf?mcid=tGE4TAMA PROVIDENTIAL LENDING: Trustee Taps Gentry Real Estate as Broker --------------------------------------------------------------- James E. Cross, Chapter 11 Trustee of the bankruptcy estate of 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; (c) 1525 E. Indigo St., Mesa, AZ; and (d) 5059 E. Casper 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 Phone: (480) 570-7100 Email: john.azhomes@gmail.com 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. PURDUE PHARMA: Bass Loses Bid for Vacatur of Confirmation Order --------------------------------------------------------------- In the appeal styled RONALD BASS, Appellant, -against- PURDUE PHARMA L.P., et al., Appellees, Case No. 25-cv-10282-NSR (S.D.N.Y.), Judge Nelson S. Roman of the U.S. District Court for the Southern District of New York denied Ronald Bass' Letter Motion, dated July 7, 2026. The Letter Motion seeks, in relevant part, vacatur of the Bankruptcy Court's confirmation order, a stay of the confirmed Chapter 11 Plan, and an order prohibiting distributions from certain Sackler estate assets based upon alleged deficiencies in related Connecticut probate proceedings. The Letter Motion, however, seeks affirmative relief that is not properly before the Court by way of the present motion. Appellant Bass has identified no legal authority permitting the District Court to grant such relief by way of the present motion in this bankruptcy appeal. To the extent the Letter Motion advances arguments challenging the Bankruptcy Court's decision, those arguments will be considered, if appropriate, in the ordinary course of this appeal. The District Court declines to resolve the merits of the appeal through piecemeal motion practice. The Court has already advised Appellant Bass that this is a bankruptcy appeal -- it cannot address claims arising from unrelated matters. A copy of the Court's Order dated August 4, 2026, is available at https://urlcurt.com/u?l=PQB8Qx from Pacermonitor.com. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries -- http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and related disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the re-imagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals, and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. PURDUE PHARMA: Disallowance of Keith Redwood's $3.28MM Claim Upheld ------------------------------------------------------------------- In the appeal styled KEITH E. REDWOOD, Appellant, -against- PURDUE PHARMA L.P., et al., Appellees, Case No. 25-cv-10327-NSR (S.D.N.Y.), Judge Nelson S. Roman of the U.S. District Court for the Southern District of New York denied Keith E. Redwood's Motion for Judicial Liquidation and Allowance of Claim Pursuant to 11 U.S.C. Sec. 502. Redwood's Motion for Summary Judgment is also denied. This Motion for Judicial Liquidation and Allowance of Claim Pursuant to 11 U.S.C. Sec. 502 seeks, in relevant part, reversal of the Bankruptcy Court's order disallowing Appellant's claim, liquidation of the claim in the amount of $3,285,000, an order directing immediate payment from the Master Disbursement Trust's operating reserves, and related declaratory relief. The Motion, however, seeks affirmative relief beyond the scope of the District Court's appellate review, including an order liquidating his disputed claim in a specific amount, directing payment from particular assets established under the confirmed Chapter 11 Plan, exempting his claim from the Plan's distribution scheme, and otherwise imposing the proposed settlement terms set forth in the Motion. Nor has Appellant Redwood identified any legal authority permitting the Court to grant such extraordinary relief. The Motion for Summary Judgment is likewise unavailing. This Court is not conducting a trial or resolving factual disputes in the first instance. Rather, it is reviewing the Bankruptcy Court's decision on the appellate record under the applicable standards of review. Both Motions are therefore denied. A copy of the Court's Order dated August 4, 2026, is available at https://urlcurt.com/u?l=rXiYKg from Pacermonitor.com. About Purdue Pharma LP Purdue Pharma L.P. and its subsidiaries -- http://www.purduepharma.com/-- develop and provide prescription medicines and consumer products that meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue's subsidiaries include Adlon Therapeutics L.P., focused on treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and related disorders; Avrio Health L.P., a consumer health products company that champions an improved quality of life for people in the United States through the re-imagining of innovative product solutions; Imbrium Therapeutics L.P., established to further advance the emerging portfolio and develop the pipeline in the areas of CNS, non-opioid pain medicines, and select oncology through internal research, strategic collaborations and partnerships; and Greenfield Bioventures L.P., an investment vehicle focused on value-inflection in early stages of clinical development. Opioid makers in the U.S. are facing pressure from a crackdown on the addictive drug in the wake of the opioid crisis and as state attorneys general file lawsuits against manufacturers. More than 2,000 states, counties, municipalities and Native American governments have sued Purdue Pharma and other pharmaceutical companies for their role in the opioid crisis in the U.S., which has contributed to the more than 700,000 drug overdose deaths in the U.S. since 1999. OxyContin, Purdue Pharma's most prominent pain medication, has been the target of over 2,600 civil actions pending in various state and federal courts and other fora across the United States and its territories. On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 19 23649), after reaching terms of a preliminary agreement for settling the massive opioid litigation. The Debtors' consolidated balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets and $562 million in liabilities. U.S. Bankruptcy Judge Robert Drain oversees the cases. The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as legal counsels; PJT Partners as investment banker; AlixPartners as financial advisor; and Grant Thornton, LLP as tax structuring consultant. Prime Clerk, LLC, is the claims agent. Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the official committee of unsecured creditors appointed in the Debtors' bankruptcy cases. David M. Klauder, Esq., is the fee examiner appointed in the Debtors' cases. The fee examiner is represented by Bielli & Klauder, LLC. * * * U.S. Bankruptcy Judge Robert Drain in early September 2021 approved a plan to turn Purdue into a new company (Knoa Pharma LLC) no longer owned by members of the Sackler family, with its profits going to fight the opioid epidemic. The Sackler family agreed to pay $4.3 billion over nine years to the states and private plaintiffs and in exchange for a lifetime legal immunity. The deal resolves some 3,000 lawsuits filed by state and local governments, Native American tribes, unions, hospitals, and others who claimed the company's marketing of prescription opioids helped spark and continue an overdose epidemic. Separate appeals to approval of the Plan have already been filed by the U.S. Bankruptcy Trustee, California, Connecticut, the District of Columbia, Maryland, Rhode Island and Washington state, plus some Canadian local governments and other Canadian entities. In early March 2022, Purdue Pharma reached a nationwide settlement over its role in the opioid crisis, with the Sackler family members boosting their cash contribution to as much as $6 billion. The settlement was hammered out with attorneys general from the eight states -- California, Connecticut, Delaware, Maryland, Oregon, Rhode Island, Vermont and Washington -- and D.C. who had opposed the previous settlement. QUALITY FRESCA I: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Quality Fresca I, LLC 375 South County Road Suite 210 Palm Beach, FL 33480 Business Description: Quality Fresca I, LLC owns and operates franchised Moe's Southwest Grill restaurants serving made-to-order Southwestern and Tex-Mex food. The company operates restaurant locations in Florida, South Carolina, Virginia and Washington D.C. under the Moe's Southwest Grill franchise system. Quality Fresca I, LLC is a Delaware limited liability company. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-20345 Debtor's Counsel: Jordi Guso, Esq. BERGER SINGERMAN LLP 1450 Brickell Avenue, Suite 1900 Miami, FL 33131 Tel: 305-755-9500 E-mail: jguso@bergersingerman.com Debtor's Chief Restructuring Officer: G. Michael Verdisco GULF ATLANTIC CAPITAL CORPORATION Debtor's Noticing, Claims & Solicitation Agent: KROLL RESTRUCTURING ADMINISTRATION LLC Estimated Assets: $1 million to $10 million Estimated Liabilities: $10 million to $50 million The petition was signed by G. Michael Verdisco as chief restructuring officer. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TDTAZZI/Quality_Fresca_I_LLC__flsbke-26-20345__0002.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/SYADFPI/Quality_Fresca_I_LLC__flsbke-26-20345__0001.0.pdf?mcid=tGE4TAMA QVC GROUP: Emerges From Bankruptcy with New Capital Structure ------------------------------------------------------------- QVC Group, Inc. (formerly QVC, Inc.) said in a regulatory filing with the Securities and Exchange Commission that on Aug. 6, 2026, the Company's Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on July 20, 2026, became effective in accordance with its terms and the Company and its affiliates emerged from bankruptcy. The Company, then known as QVC, Inc., changed its name to QVC Group, Inc. upon emergence, while its predecessor entity was renamed Old QVC Group, Inc. On the Plan Effective Date, pursuant to the Plan, all outstanding shares of Old QVC Group's Series A common stock, Series B common stock, and 8.0% Series A Cumulative Redeemable Preferred Stock, together with all outstanding equity awards and other equity interests of Old QVC Group outstanding immediately prior to the Plan Effective Date, were cancelled for no value and of no further force or effect. The Company issued an aggregate of approximately 49,999,897 shares of new common stock, par value $0.01 per share, as follows: (i) approximately 21,430,005 shares to the QVC Notes Claimholders and (ii) approximately 28,569,892 shares to the RCF Claimholders. As of the Plan Effective Date, the RCF Claimholders and the QVC Notes Claimholders hold 100% of the outstanding shares of New Common Stock, subject to dilution by equity reserved for issuance under the Company's post-Effective Date equity incentive plans. New Exit Financing Takeback Notes. On the Plan Effective Date, the Company issued $1,240,362,247 in aggregate principal amount of 10.000% First Lien Senior Secured Notes due 2032 pursuant to an indenture among the Company, the guarantors party thereto, and Wilmington Savings Fund Society, FSB, as trustee and notes collateral agent. The Takeback Notes mature on Aug. 6, 2032, and bear interest at 10% per annum payable semi-annually in cash in arrears on Aug. 15 and Feb. 15 of each year beginning Feb. 15, 2027, with interest accruing from Aug. 6, 2026. The Takeback Notes are secured by first priority liens on substantially all of the assets of the Company and applicable guarantors and may be redeemed at any time at 100% of the aggregate principal amount thereof plus accrued and unpaid interest. Term Loan. On the Plan Effective Date, the Company borrowed $84,637,736.20 in aggregate principal amount of first lien senior secured Takeback Loans pursuant to a Term Loan Credit Agreement with Acquiom Agency Services LLC and Seaport Loan Products LLC as co-administrative agents and Acquiom Agency Services LLC as collateral agent. The Takeback Loans mature on the sixth anniversary of the Plan Effective Date and bear interest at the Company's option at either Term SOFR plus 5.11885% per annum or the Alternate Base Rate plus 6.11885% per annum, with an all-in rate equal to 10% as of the Plan Effective Date. The Takeback Loans are secured by first priority liens on substantially all of the assets of the Company and applicable guarantors. Exit ABL Facility. On the Plan Effective Date, the Company entered into a senior secured revolving credit agreement with GLAS USA LLC as administrative agent, providing for a three-year asset-based revolving credit facility in an aggregate principal amount of up to $600 million. Borrowings are subject to a borrowing base. Alternate Base Rate borrowings bear interest at the greatest of the administrative agent's prime rate, the federal funds rate plus 0.50%, or Term SOFR plus 1.0% per annum, subject to a floor of 3%, plus 4.75% per annum. Term SOFR borrowings bear interest at Term SOFR plus 5.75% per annum. The Exit ABL Facility matures three years from the funding date, and proceeds will be used for working capital and general corporate purposes. Cancellation of Prepetition Indebtedness Pursuant to the Plan, on the Plan Effective Date, the obligations of the Company Parties under the following prepetition debt instruments were cancelled: (i) the Fifth Amended and Restated Credit Agreement governing the revolving credit facility; (ii) the QVC Notes Indentures governing the 4.75% QVC 2027 Notes, 4.375% QVC 2028 Notes, 6.875% QVC 2029 Notes, 5.45% QVC 2034 Notes, 5.95% QVC 2043 Notes, 6.375% QVC 2067 Notes, and 6.25% QVC 2068 Notes; (iii) the LINTA indenture originally dated July 7, 1999, governing the 8.5% LINTA Notes, 4% LINTA Exchangeables, 8.25% LINTA Notes, and 3.75% LINTA Exchangeables; (iv) the promissory note dated Dec. 29, 2020, by and among LINTA and QVC Global Corporate Holdings, LLC; and (v) the Debtor-in-Possession Letter of Credit Facility Agreement. Stockholder Agreements and Registration Rights On the Plan Effective Date, the Company entered into Stockholder Agreements with certain stockholders who received New Common Stock pursuant to the Plan, providing for board designation rights, governance rights, information rights, preemptive rights, and transfer restrictions. The Company also entered into a Registration Rights Agreement with certain stockholders, pursuant to which the Company is required to use commercially reasonable efforts to file and maintain one or more registration statements covering the resale of such stockholders' shares, with customary demand and piggyback underwritten offering rights subject to certain conditions and limitations. Board of Directors Pursuant to the Plan, as of the Plan Effective Date, the following directors resigned from the Board: Gregory Maffei, Richard Barton, David Rawlinson II, Carol Flaton, Fiona Dias, Roger Meltzer, M. Ian Gilchrist, and Evan Malone, Ph.D. None of the resignations were the result of any disagreement with the Company on any matter relating to its operations, policies, or practices. The following eight persons were appointed to the new Board of Directors: Michael George, David Charles Boone, Nicolas Le Bourgeois, Jason Lee Horowitz, Ann Mather, James Alan Marcum, Richard Andrew Mayfield, and Jonathan Seth Zinman. Pursuant to the Stockholder Agreements, GoldenTree Asset Management LP designated Jonathan Seth Zinman, Oaktree Capital Management, L.P. designated James Alan Marcum, stockholder funds affiliated with Strategic Value Partners, LLC; designated David Charles Boone and Jason Lee Horowitz, and stockholder funds affiliated with Silver Point Capital, L.P. designated Richard Andrew Mayfield. There is no arrangement or understanding between Michael George, Nicolas Le Bourgeois, or Ann Mather and any other person pursuant to which any of them was selected as a director. The Board has established the following committees: Audit Committee -- Ann Mather (Chair), Richard Andrew Mayfield, and Jonathan Seth Zinman; Compensation Committee -- Jonathan Seth Zinman (Chair), Jason Lee Horowitz, and James Alan Marcum; Nominating and Corporate Governance Committee -- David Charles Boone (Chair), James Alan Marcum and Richard Andrew Mayfield. Each new director will receive an annual cash retainer of $150,000, payable quarterly in arrears, and an initial equity award in the form of time-based restricted stock units with a grant date value of $450,000, vesting in three equal annual installments. The chairperson of the Audit Committee will receive an additional $100,000 annual cash retainer, and the chairpersons of the Compensation Committee and the Nominating and Corporate Governance Committee will each receive an additional $50,000 annual cash retainer. Interim Chief Executive Officer Effective as of the Plan Effective Date, David Rawlinson II was released from his role as President and Chief Executive Officer. Michael George, age 64, was appointed Interim Chief Executive Officer and will serve until a permanent Chief Executive Officer is appointed by the Board. Mr. George served as President of Old QVC Group from Nov. 2005 through March 2018 and as Chief Executive Officer from April 2006 through March 2018. In 2018, he was named Chief Executive Officer of Liberty Interactive (subsequently renamed Qurate Retail, Inc.), a position he held through Sept. 2021. Mr. George previously held various positions with Dell, Inc. from March 2001 to Nov. 2005, including as Chief Marketing Officer and Vice President and General Manager of Dell's U.S. consumer business, and was a senior partner at McKinsey & Company, where he led the firm's North American Retail Industry Group. He currently serves on the board of directors of AutoZone and Ralph Lauren. Under the George Agreement, during his term as Interim Chief Executive Officer, Mr. George is eligible to receive: (i) an annual base salary of $1.5 million and (ii) an annual target cash bonus opportunity equal to 100% of his annual base salary. Following the appointment of a permanent Chief Executive Officer, Mr. George will transition to Executive Chairman with: (i) an annual base salary of $750,000 and (ii) a target annual cash bonus opportunity equal to 67% of his annual base salary. The Company will reimburse Mr. George for commuting and Philadelphia residence expenses up to a maximum aggregate amount of $450,000 per calendar year. As soon as practicable following the Plan Effective Date, Mr. George will be granted an initial equity award with an aggregate target grant date value of $5 million: (i) $1.5 million in Service RSUs vesting in equal annual installments over three years; (ii) $1.5 million in Performance RSUs earned between 0% - 100% based on stock price performance goals of 1.25x-1.75x the implied stock price as of the Plan Effective Date, achieved prior to the third anniversary; and (iii) $2 million in Special Performance RSUs earned upon achievement of a 2.5x stock price goal prior to the third anniversary, in each case vesting annually over three years. If a new Chief Executive Officer is appointed within six months following the Plan Effective Date, one-third of the Service RSUs will be forfeited, while the Performance RSUs and Special Performance RSUs will remain outstanding. In connection with his departure, Mr. Rawlinson entered into a Confidential Separation and General Release Agreement pursuant to which he is entitled to receive severance payments and benefits in accordance with the existing terms of his employment and other agreements with the Company. Amended Charter and Bylaws On the Plan Effective Date, the Company adopted the Amended and Restated Certificate of Incorporation and Second Amended and Restated Bylaws. The New Certificate of Incorporation authorizes 700 million shares of capital stock, consisting of 650 million shares of Common Stock and 50 million shares of Preferred Stock. Each share of Common Stock is entitled to one vote. The Board size shall not exceed nine directors, with eight directors and one vacancy as of the Plan Effective Date. The New Certificate of Incorporation eliminates cumulative voting and provides for annual director terms, and directors will be elected by a plurality of votes cast. Until the third anniversary of the Plan Effective Date, unaffiliated stockholders holding at least 25% of outstanding Common Stock may call special meetings, and stockholders may act by written consent; after such date, stockholder action must be taken at a duly called meeting, and special meetings may only be called by the Board. The foregoing descriptions of the Takeback Notes Indenture, Term Loan Credit Agreement, Exit ABL Credit Agreement, Stockholder Agreements, Registration Rights Agreement, New Certificate of Incorporation and New Bylaws are available at https://tinyurl.com/585tczz3, https://tinyurl.com/ybjb8y55, https://tinyurl.com/msmudp9y, https://tinyurl.com/d2t9992j, https://tinyurl.com/djkxbmnf, https://tinyurl.com/9rsz6zuf, and https://tinyurl.com/zx6xp7jh, respectively. About QVC Group Inc. QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies that are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the company operates in North America, Europe, and Asia. Its principal businesses and assets include its consolidated subsidiaries QVC, Inc., Cornerstone Brands, Inc., and other cost method investments. QVC Group and several affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90447) on April 16, 2026. In its petition, the Debtor reports more than $1 billion in assets and estimated liabilities of $6.6 billion. The Hon. Bankruptcy Judge Alfredo R. Perez handles the jointly administered cases. The Debtors employed Kirkland & Ellis LLP and Kirkland & Ellis International LLP as co-counsel; Gray Reed, as co-counsel; AlixPartners, LLP, as financial advisor; Evercore Group L.L.C., as investment banker; Kroll Restructuring Administration LLC, as claims and noticing agent; and PricewaterhouseCoopers LLP, as tax advisor. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to QVC Group and QVC, Inc. Kobre & Kim LLP, serves as legal counsel to QVC Group, Inc. under the direction of the Special Committee; Seward & Kissel LLP, as legal counsel to QRI Cornerstone, Inc. under the direction of the Special Committee; Milbank LLP, as legal counsel to Liberty Interactive LLC, under the direction of the disinterested directors, and as legal counsel to Qurate Retail Group, Inc., under the direction of the Special Committee; and Katten Muchin Rosenman LLP, as legal counsel to QVC, Inc., under the direction of the disinterested directors. The Bank of New York Mellon Trust Company, N.A., as trustee under the LINTA Notes Indenture, is represented by Reed Smith LLP, as counsel. The LINTA Noteholder Group is represented by Akin Gump Strauss Hauer & Feld LLP. The QVC Noteholder Group is represented by Davis Polk & Wardwell LLP. The RCF Lender Group, led by JPMorgan Chase Bank, N.A., as administrative agent, is represented by Simpson Thacher & Bartlett LLP. An ad hoc group of beneficial holders to QVC Group, Inc. is represented by Brown Rudnick LLP as counsel. Glenn Agre Bergman & Fuentes LLP, Cleary Gottlieb Steen & Hamilton LLP, and Kane Russell Coleman Logan PC represent certain beneficial holders of the 8.0% Series A Cumulative Redeemable Preferred Stock issued by QVC Group, Inc. QVC GROUP: Liabilities Exceed Assets by $3.8-Bil. at June 30 ------------------------------------------------------------ QVC Group, Inc.'s stockholder's deficit was US$3.8 billion at June 30, 2026. The stockholder's deficit was US$3.1 billion at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$7.0 billion and total liabilities of US$10.7 billion. At Dec. 31, 2025, the Company had total assets of US$7.6 billion and total liabilities of US$10.7 billion. On April 16, 2026 (the "Petition Date"), QVC Group, Inc. ("QVC Group" or the "Company" and together with certain of its affiliates, the "Company Parties") commenced the Chapter 11 Cases under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On April 17, 2026, the Bankruptcy Court entered an order authorizing the joint administration of the Chapter 11 Cases under the caption QVC Group, Inc., et al, Case No. 26-90447. Certain foreign subsidiaries were not part of the Chapter 11 petition filing and continue to operate in the normal course of business. As of the Petition Date, the Company Parties are operating their businesses as "debtor-in-possession" ("DIP") under the jurisdiction of the Bankruptcy Court in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. QVC Group and QVC received approval from the Bankruptcy Court for a variety of "first day" motions to continue their ordinary course operations during the Chapter 11 Cases, which were designed primarily to mitigate the impact of the Chapter 11 Cases on operations, vendors, suppliers, customers and employees. As a result, the Company Parties have been able to conduct normal business activities and satisfy all associated obligations for the period following the Petition Date and were also authorized to pay employee wages and benefits, and certain vendors and suppliers in the ordinary course for goods and services provided prior to the Petition Date. Although the Bankruptcy Court entered an order confirming the agreed-upon terms for a comprehensive restructuring with respect to the Company Parties' capital structure ("Financial Restructuring") in accordance with the terms set forth in the proposed prepackaged plan of reorganization, the Company says there can be no assurance that it will satisfy the remaining conditions to emerge under the Plan or complete the Financial Restructuring on the terms set forth in the Plan, on different terms, or at all. Therefore, there remains substantial doubt about the Company's ability to continue as a going concern. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=zkFjCq About QVC Group QVC Group, Inc., operates as a holding entity for businesses engaged in video commerce, digital retail and related media-driven merchandising activities. The Company typically focuses on curated product offerings sold through television networks, online platforms and mobile applications, supported by integrated distribution, marketing and customer service operations. QVC INC: Liabilities Exceed Assets by $645.0M at June 30 -------------------------------------------------------- QVC Inc.'s stockholder's deficit was US$645.0 million at June 30, 2026. At June 30, 2026, the Company had total assets of US$6.2 billion and total liabilities of US$6.8 billion. At Dec. 31, 2025, the Company had total assets of US$8.5 billion and total liabilities of US$7.2 billion. On April 16, 2026 (the "Petition Date"), QVC Group, Inc. ("QVC Group" and together with certain of its affiliates, the "Company Parties") commenced the Chapter 11 Cases under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the U.S. Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On April 17, 2026, the Bankruptcy Court entered an order authorizing the joint administration of the Chapter 11 Cases under the caption QVC Group, Inc., et al, Case No. 26-90447. As the Chapter 11 Cases are jointly administered with QVC Group as the lead debtor, the Chapter 11 Cases disclosures apply to all Company Parties, including QVC. Certain foreign and domestic subsidiaries were not part of the Chapter 11 petition filing and continue to operate in the normal course of business. The Company said: "As of the Petition Date, we are operating our businesses as 'debtor-in-possession' ('DIP') under the jurisdiction of the Bankruptcy Court in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court. The Company Parties received approval from the Bankruptcy Court for a variety of "first day" motions to continue their ordinary course operations during the Chapter 11 Cases, which were designed primarily to mitigate the impact of the Chapter 11 Cases on our operations, vendors, suppliers, customers and employees. As a result, we have been able to conduct normal business activities and satisfy all associated obligations for the period following the Petition Date and were also authorized to pay employee wages and benefits, and certain vendors and suppliers in the ordinary course for goods and services provided prior to the Petition Date." Although the Bankruptcy Court entered an order confirming the agreed-upon terms for a comprehensive restructuring with respect to the Company Parties' capital structure ("Financial Restructuring") in accordance with the terms set forth in the Plan, the Company said there can be no assurance that it will satisfy the remaining conditions to emerge under the Plan or complete the Financial Restructuring on the terms set forth in the proposed prepackaged plan of reorganization, on different terms, or at all. Therefore, there remains substantial doubt about the Company's ability to continue as a going concern. The Company noted that the condensed consolidated financial statements in this Quarterly Report on Form 10-Q have been prepared in accordance with U.S. GAAP assuming the Company will continue as a going concern. The going concern assumption contemplates the realization of assets and satisfaction of liabilities and commitments in the normal course of business. As of Dec. 31, 2025, QVC's net leverage ratio, as calculated under the Credit Agreement was greater than to 1.0. Under the terms of the Credit Agreement, this constituted a breach of the financial covenant. As a result of the financial covenant breach and the maturity date of the Credit Facility, the Company said the outstanding principal associated with the Credit Facility and QVC Notes were classified as current liabilities in the condensed consolidated balance sheet as of Dec. 31, 2025. Upon the commencement of the Chapter 11 Cases, the Company reclassified all pre-petition debt obligations to liabilities subject to compromise in the condensed consolidated balance sheet as of June 30, 2026. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=aUMAeD About QVC Inc. QVC Inc. is a video and e-commerce retailer that markets a wide range of consumer products directly to customers through televised shopping programs, online platforms and mobile applications. The Company typically offers categories such as home goods, beauty, fashion, electronics and accessories, leveraging live and interactive content to drive sales and customer engagement. RCO HOLDINGS: Hires Bush Law Firm LLC as Bankruptcy Counsel ----------------------------------------------------------- RCo Holdings, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Alabama to hire The Bush Law Firm, LLC, as its legal counsel. The firm's services include: a. advising the Debtor-in-Possession as to the rights, powers and duties of a debtor-in-possession, as enumerated within 11 U.S.C. Sec. 1101, et seq.; b. preparing and filing the documents necessary to advance this case including, but not limited to, answers, applications, motions, proposed orders, responses, schedules and other necessary and required legal documents; c. representing the Debtor-in-Possession at the hearings in this matter; d. preparing and filing the status report and plan; e. defending challenges to the automatic stay set forth within 11 U.S.C. Sec. 362(a); and f. providing such other legal services and/or preparing and/or filing such other documents as may be necessary for Debtor-in-Possession to carry out its duties and functions in this case. The firm will be paid at these rates: Attorneys $350 per hour Paralegal $50 per hour The attorney has received an initial retainer of $11,738 including the filing fee of $1,738 for such engagement and representation. The Bush Law Firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Anthony B. Bush, Esq. THE BUSH LAW FIRM, LLC Parliament Place Professional Center 3198 Parliament Circle 302 Montgomery, AL 36116 Telephone: (334) 263-7733 Facsimile: (334) 832-4390 Email: abush@bushlegalfirm.com About RCo Holdings, Inc. RCo Holdings, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ala. Case No. 26-81063) on August 5, 2026, listing $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Judge Christopher L Hawkins presides over the case. Anthony Brian Bush, Esq. at The Bush Law Firm, LLC serves as the Debtor's counsel. RCO HOLDINGS: Voluntary Chapter 11 Case Summary ----------------------------------------------- Debtor: RCo Holdings, Inc. 15394 US Highway 280 Sylacauga, AL 35150 Business Description: RCo Holdings, Inc. provides heating, ventilation, air-conditioning and electrical contracting services from Sylacauga, Alabama. The company installs, repairs, replaces and maintains residential and commercial heating and cooling systems and provides electrical services, including outlet, lighting and electrical-panel work, serving customers in Sylacauga and the Auburn-Opelika area. Chapter 11 Petition Date: August 5, 2026 Court: United States Bankruptcy Court Middle District of Alabama Case No.: 26-81063 Judge: Hon. Christopher L Hawkins Debtor's Counsel: Anthony Brian Bush, Esq. THE BUSH LAW FIRM, LLC 3198 Parliament Cir Ste 302 Montgomery AL 36116 Tel: (334) 263-7733 E-mail: abush@bushlegalfirm.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by John Allen as president. The petition was filed without the Debtor's list of its 20 largest unsecured creditors. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/YQ44YEY/RCo_Holdings_Inc__almbke-26-81063__0001.0.pdf?mcid=tGE4TAMA REDCLOUD HOLDINGS: Liabilities Exceed Assets by $7-Mil. at Dec. 31 ------------------------------------------------------------------ RedCloud Holdings plc's stockholder's deficit was US$7.0 million at Dec. 31, 2025. The stockholder's deficit was US$68.8 million at Dec. 31, 2024. At Dec. 31, 2025, the Company had total assets of US$12.7 million and total liabilities of US$19.6 million. At Dec. 31, 2024, the Company had total assets of US$17.6 million and total liabilities of US$86.3 million. The Company said that it (together with its wholly-owned subsidiaries) generated revenue of US$48.5 million for the year ended Dec. 31, 2025 (2024: US$46.5 million), reflecting continued growth in its operations. However, the Group incurred a net loss of US$46.2 million (2024: US$50.7 million) and, as at Dec. 31, 2025, held cash and cash equivalents of US$0.5 million. While losses have reduced year on year, the Group has not yet achieved profitability and continues to operate with limited liquidity. As of Dec. 31, 2025, the Company had a stockholders' deficit of US$6,962,613 working capital deficiency of US$426,330 and cash used in operating activities of US$36,983,400. The largest component of current liabilities creating this working capital deficiency is by way of loans from a long-term shareholder. Accordingly, the Group remains dependent on its ability to generate sufficient cash flows from operations and/or raise additional capital to meet its obligations as they fall due and to fund ongoing operations and growth initiatives. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern and, therefore, its ability to realise its assets and settle its liabilities in the normal course of business. Notwithstanding this material uncertainty, the Company's Directors consider it appropriate to prepare the consolidated financial statements on a going concern basis, taking into account certain factors, including the fact that the Group entered into an Equity Line of Credit (ELOC) providing access to up to US$30.0 million over a 24 month period. In aggregate, the Group raised approximately US$5.3 million in cash proceeds (excluding the GBP facility) subsequent to year end and retains access to significant additional funding under the ELOC. Management believes the Company will be able to continue to develop new opportunities and will be able to obtain additional funds through debt and/or equity financing to facilitate its business strategy. These consolidated financial statements do not include any adjustments to the recorded assets or liabilities that might be necessary should the Company have to curtail or be unable to continue operations. A full-text copy of the Form 20-F/A is available at https://tinyurl.com/2cfjfo34 About RedCloud Holdings RedCloud Holdings plc operates a business-to-business intelligent infrastructure for global trade, RedAI. The Company's intelligent infrastructure facilitates digital trade in Nigeria, South Africa, Brazil, Peru, and Argentina, with supporting operations and cost centers located in the United Kingdom and Portugal. RESTORATION MENTAL: Hires Neeleman Law Group PC as Legal Counsel ---------------------------------------------------------------- Restoration Mental Health Services, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. as legal counsel. The firm's services include: a. assisting the Debtor in the investigation of the financial affairs of the estate; b. providing legal advice and assistance to the Debtor with respect to matters relating to this case and creditor distribution; c. preparing all pleadings necessary for proceedings arising under this case; and d. performing all necessary legal services for the estate in relation to this case. Neeleman Law Group, P.C. will charge its standard rate, more specifically $600 per hour for attorney fees for principals, associate’s rate of $475 per hour and $250 per hour for paralegal fees, for services rendered and will seek reimbursement for costs and expenses incurred in relation to representation of the estate. The firm shall receive a retainer in the amount of $14,000. As disclosed in the court filings, Neeleman Law Group does not hold or represent any interest adverse to the interests of the estates, and is a disinterested person within the meaning of 11 U.S.C. Section 101. The firm can be reached through: Jennifer L. Neeleman, Esq. Neeleman Law Group, P.C. 1403 8th Street Marysville, WA 98270 Phone: (425) 212-4800 Email: jennifer@neelemanlaw.com About Restoration Mental Health Services, LLC Restoration Mental Health Services, LLC is a Lynnwood, Washington-based provider of outpatient mental health and psychiatric services. The practice operates clinics in Lynnwood and Marysville, offering specialized treatments such as transcranial magnetic stimulation (TMS) and esketamine therapy. The company has also expanded into medical aesthetics and wellness through its RAW Aesthetics brand while continuing to participate in major regional insurance networks. Restoration Mental Health Services, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-12334) on July 17, 2026. In its petition, the Debtor reports estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Christopher M. Alston handles the case. The Debtor is represented by Jennifer L. Neeleman, Esq. and Thomas D. Neeleman, Esq. of Neeleman Law Group PC. RHP HOTEL: Moody's Assigns Ba3 Rating to New Senior Unsecured Notes ------------------------------------------------------------------- Moody's Ratings assigned a Ba3 rating to the proposed backed senior unsecured notes issuance of RHP Hotel Properties, LP, the main operating subsidiary of Ryman Hospitality Properties, Inc (collectively "Ryman"). The REIT's ratings remain unchanged, including the Ba3 Corporate Family Rating of Ryman Hospitality Properties, Inc. The outlook is stable. Net proceeds from the proposed $700 million notes will be used to fund the REIT's planned acquisition of the JW Marriott and Ritz-Carlton Orlando, Grande Lakes ("Grande Lakes Orlando") for a purchase price of $1,380 million. Ryman has also issued $597 million of common equity ($686 million post the exercise of any overallotment option) as part of the transaction's contemplated financing. Moody's notes that Ryman's net debt/EBITDA will increase modestly pro forma for this acquisition from 4.3x as of June 30, 2026. However, Moody's expects it will remain well below 5.0x on a pro forma basis, in line with Ryman's stated leverage policy. In addition, Grande Lakes Orlando diversifies Ryman's portfolio, expands Ryman's presence in Orlando, one of the largest US meetings markets, and adds another lodging brand, the Ritz-Carlton, to its portfolio. The stable rating outlook reflects the expectation that Ryman will continue to improve operating performance, while maintaining leverage at or below current levels. RATINGS RATIONALE Ryman's Ba3 CFR reflects its high-quality yet concentrated portfolio of large convention center hotels. Ryman's hotels cater primarily to group and convention-oriented business which require properties with a large number of rooms and extensive meeting facilities. In 2025, group and convention bookings accounted for approximately 73% of the REIT's total room nights, and leisure demand made up the remaining 27%. Group bookings are typically made about three years in advance, which provides Ryman with greater earnings visibility compared to lodging peers that rely heavily on transient business. Ryman's ratings also reflect its moderate leverage, with net debt/EBITDA of 4.3x, solid EBITDA/interest expense of 3.2x as of June 30, 2026, and sound liquidity. Geographic and asset concentration remains a significant credit negative because Ryman derives most of its earnings from its seven large hotel assets, and will remain significant even after the Grande Lakes Orlando acquisition. The REIT, like its lodging peers, is exposed to the macroeconomic environment and business and consumer sentiment. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING The ratings could be upgraded if Ryman were to demonstrate solid operating performance, as measured by occupancy and revenue per available room (RevPAR), and achieve greater portfolio diversification. Net debt/EBITDA sustained below 4.5x and EBITDA/interest expense sustained above 4x could also support an upgrade. The ratings could be downgraded if Ryman were to experience a decline in occupancy, RevPAR, or other significant operating challenges. Net debt/EBITDA sustained above 5.5x, EBITDA/interest expense sustained below 3x, or a material deterioration in liquidity could also lead to a downgrade. The principal methodology used in this rating was REITs and Other Commercial Real Estate Firms published in March 2026. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a REIT specializing in convention center hotel assets in urban and resort markets, focused primarily on group-oriented business (reservations of large blocks of rooms). The REIT's owned assets primarily include a network of seven upscale, meetings-focused resorts that are managed by lodging operator Marriott International, Inc. Ryman also owns an approximate 70% controlling interest in OEG Borrower, LLC (Opry Entertainment Group, OEG) (B2, Stable), which operates a growing portfolio of live entertainment, media, and hospitality assets focused on country music, including, among others, the Grand Ole Opry and the Ryman Auditorium. RIMINI STREET: Liabilities Exceed Assets by $16.7M at June 30 ------------------------------------------------------------- Rimini Street, Inc.'s stockholder's deficit was US$16.7 million at June 30, 2026. The stockholder's deficit was US$27.0 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$384.3 million and total liabilities of US$400.9 million. At Dec. 31, 2025, the Company had total assets of US$423.1 million and total liabilities of US$450.1 million. As of June 30, 2026, the Company said its primary source of cash is collections from client billings, supplemented by interest income on cash and cash equivalents and short-term investments, portfolio activity in short-term investments, and borrowings under its Credit Facility. Primary uses of cash include general business expenses, capital expenditures and repayments under the Credit Facility, along with periodic purchases of short-term investments and stock repurchases. The Company reported a working capital deficit of US$50.0 million, an accumulated deficit of US$197.6 million, net income of US$2.4 million for the quarter, and cash and cash equivalents of US$123.4 million. As of June 30, 2026, it had US$48.4 million of outstanding term loan borrowings and no outstanding revolver borrowings under its five-year senior secured Credit Facility, after making US$20.9 million of principal payments in the first half of 2026. The next scheduled principal payment of US$48.4 million is due April 30, 2029, though additional prepayments may be considered. The Company's management noted that clients generally prepay annually for services, driving deferred revenue of US$243.1 million within current liabilities, and believes the working capital deficit is less indicative of liquidity given service fulfillment costs are currently about 39% of related deferred revenue. Assuming no significant adverse impact from inflation, interest rate changes, macroeconomic or geopolitical conditions, or ongoing litigation, the Company believes its cash balance, operating cash flows and access to the Credit Facility will be sufficient over the next year to meet anticipated cash needs, including working capital, capital expenditures and contractual obligations. Over the longer term, future capital requirements will depend on growth, headcount, sales and marketing expansion, research and development initiatives, and potential acquisitions or investments, and additional debt or equity financing may be sought, subject to market conditions and covenants under the Credit Facility. A full-text copy of the Form 10-Q is available at https://tinyurl.com/3xhv6px3 About Rimini Street Rimini Street, Inc., is an enterprise software support and services provider that offers third-party maintenance, support and managed services for mission-critical enterprise resource planning (ERP) and database systems. The Company focuses on helping organizations reduce total cost of ownership, extend the life of existing software investments and fund innovation by providing support solutions that compete with those of original software vendors. ROBOT CONSULTING: Debts Exceed Assets by JPY616.6M at March 31 -------------------------------------------------------------- Robot Consulting Co., Ltd.'s stockholder's deficit was JPY616.6 million at March 31, 2026. The stockholder's deficit was JPY651.4 million at March 31, 2025. At March 31, 2026, the Company had total assets of JPY814.4 million and total liabilities of JPY1.4 billion. At March 31, 2025, the Company had total assets of JPY314.0 million and total liabilities of JPY965.4 million. The Company said: "We have a history of operating losses and will likely incur substantial additional expenses and operating losses in the future. We may continue to be unprofitable for an extended period of time. Management has concluded that there is, and the report of our independent registered public accounting firm contains an explanatory paragraph that expresses, substantial doubt about our ability to continue as a 'going concern.'" The Company had a loss of JPY1.5 billion, JPY534.7 million, and JPY662.0 million for the fiscal years ended March 31, 2026, 2025, and 2024, respectively. This operating loss has resulted in an accumulated deficit of JPY3.27 billion, JPY1.78 billion, and JPY1.25 billion as of March 31, 2026, 2025, and 2024, respectively. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. The Company said: "We may consider obtaining additional financing in the future through the issuance of our Ordinary Shares, through other equity or debt financings, or other means. However, we are dependent upon our ability to obtain new revenue generating customer contracts and secure equity and/or debt financing, and there are no assurances that we will be successful. As a result of the above, there is material uncertainty related to events or conditions that may cast significant doubt on our ability to continue as a going concern, and therefore, we may be unable to realize our assets and discharge our liabilities in the normal course of business. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. If we were to be unable to continue as a going concern, or if there were to be continued doubt about our ability to do so, the value of your investment would be materially and adversely affected." A full-text copy of the Form 20-F is available at https://tinyurl.com/25v2nh52 About Robot Consulting Co. Robot Consulting Co., Ltd., is a platform service provider focusing on human resource solutions with an intention to expand into legal technology and the metaverse. The Company primarily sells certain software related to digital transformation and legal technology and provide consulting and support services relating to digital transformation to small and medium-sized businesses. The Company launched in September 2022 Labor Robot, a cloud-based human resource management system. ROCKY MOUNTAIN: All Five Key Proposals Approved at Annual Meeting ----------------------------------------------------------------- Rocky Mountain Chocolate Factory, Inc., on Aug. 3, 2026, held its 2026 Annual Meeting of Stockholders virtually via live webcast. At the close of business on June 26, 2026, the record date for the Annual Meeting, there were 9,439,587 shares of the Company's common stock issued and outstanding, which constituted all of the issued and outstanding capital stock of the Company. This outstanding share number reflects an immaterial decrease from that included in the Proxy Statement. At the Annual Meeting, 7,773,032 shares of the Company's issued and outstanding shares of common stock entitled to vote as of the Record Date, or approximately 82.35% of such shares, were represented by proxy or appeared in person (including virtually), and, therefore, a quorum was present. The proposals voted on at the Annual Meeting are more fully described in the Proxy Statement. The final voting results on the proposals presented for stockholder approval at the Annual Meeting are as follows: Proposal 1 - Election of Directors. Each of Steven L. Craig, Jeffrey R. Geygan, Mel Keating, Brian Quinn, and Alberto Perez-Jacome Friscione was elected as a director to serve on the Company's board of directors until the Company's 2027 annual meeting of stockholders and until their respective successors are elected and qualified as follows: 1. Steven L. Craig * Votes For: 3,234,433 * Votes Withheld: 1,645,571 * Broker Non-Votes: 2,893,028 2. Jeffrey R. Geygan * Votes For: 3,033,440 * Votes Withheld: 1,846,564 * Broker Non-Votes: 2,893,028 3. Mel Keating * Votes For: 4,253,714 * Votes Withheld: 626,290 * Broker Non-Votes: 2,893,028 4. Brian Quinn * Votes For: 4,345,062 * Votes Withheld: 534,942 * Broker Non-Votes: 2,893,028 5. Alberto Perez-Jacome Friscione * Votes For: 4,169,061 * Votes Withheld: 710,943 * Broker Non-Votes: 2,893,028 Proposal 2 - Ratification of Independent Registered Public Accountants. The appointment of Rosenberg Rich Baker Berman, P.A. as the Company's independent registered public accounting firm for the fiscal year ending Feb. 28, 2027, was ratified as follows: * Votes For: 7,652,540 * Votes Against: 21,231 * Abstentions: 99,261 * Broker Non-Votes: n/a Proposal 3 - Approval, on an Advisory Basis, of the Compensation of the Company's Named Executive Officers. The compensation of the Company's named executive officers was approved, on an advisory basis, as follows: * Votes For: 4,241,464 * Votes Against: 299,031 * Abstentions: 339,508 * Broker Non-Votes: 2,893,028 Proposal 4 - Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation. The frequency of future advisory votes on the compensation of the Company's named executive officers was approved, on an advisory basis, as follows: * One Year: 2,441,233 * Two Years: 1,951,924 * Three Years: 124,438 * Abstentions: 362,407 * Broker Non-Votes: 2,893,028 Proposal 5 - Approval of the Plan Amendment. The stockholders of the Company approved an amendment to the Company's 2024 Omnibus Incentive Compensation Plan, as amended, to increase the number of shares of the Company's common stock, $0.001 par value per share, authorized for issuance under the 2024 Plan by 530,000 shares of common stock. * Votes For: 2,617,858 * Votes Against: 1,856,144 * Abstentions: 406,001 * Broker Non-Votes: 2,893,028 A description of the material terms and conditions of the Plan Amendment is set forth beginning on page 39 of the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on June 29, 2026, and is incorporated herein by reference. A full-text copy of the Plan Increase Amendment is available at https://tinyurl.com/8fwwz9kt. About Rocky Mountain Chocolate Factory Durango, Colo.-based Rocky Mountain Chocolate Factory, Inc. is an international franchisor, confectionery producer, and retail operator. Founded in 1981, the Company produces an extensive line of premium chocolate candies and other confectionery products. Los Angeles, California-based CohnReznick LLP, the Company's auditor since 2023, issued a "going concern" qualification in its report dated May 29, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Feb. 28, 2026, citing that the Company has incurred recurring losses and negative cash flows from operations in recent years and is dependent on debt and equity financing to fund its operations, all of which raise substantial doubt about the Company's ability to continue as a going concern. As of May 31, 2026, the Company had $19.2 million in total assets, $15.1 million in total liabilities, and $4.1 million in total stockholders' equity. ROCKY MOUNTAIN: Case Summary & 14 Unsecured Creditors ----------------------------------------------------- Debtor: Rocky Mountain Hunting Calls & Supplies, LLC 4520 W Hargrave Ave, Suite A Post Falls, ID 83854 Business Description: Rocky Mountain Hunting Calls offers hunting calls and related accessories, including products for elk, turkey, predator, and deer hunting. Its product range includes elk diaphragm calls, bugle tubes, open-reed cow calls, calling kits, specialized calls, and related accessories. The company is located in Post Falls, Idaho, and processes customer orders through its online store. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court District of Idaho Case No.: 26-20315 Judge: Hon. Noah G Hillen Debtor's Counsel: Jared D. Smith, Esq. FOLEY FREEMAN, PLLC 953 S. Industry Way Meridian, ID 83642 Tel: (208) 888-9111 Fax: (208) 888-5130 E-mail: abennett@foleyfreeman.com Total Assets: $430,320 Total Liabilities: $2,697,301 The petition was signed by Dale Ames as president. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/EIGQLWY/Rocky_Mountain_Hunting_Calls___idbke-26-20315__0001.0.pdf?mcid=tGE4TAMA ROCKY MOUNTAIN: Files Emergency Bid to Use Cash Collateral ---------------------------------------------------------- Rocky Mountain Hunting Calls & Supplies, LLC asks the U.S. Bankruptcy Court for the District of Idaho for emergency authorization to use cash collateral and provide adequate protection. The cash collateral is encumbered by two insider secured creditors controlled by the Debtor's owner and president, Dale Ames: Lakoda, Inc. ($243,311 claim) and Dale Ames individually ($824,769 claim), totaling $1,068,080. UCC-1 financing statements for both debts were filed on February 17 and 18. As of the petition date, the encumbered assets include $228,978 in cash, $213,046 in under-90-day accounts receivable, $500,121 in inventory, $18,500 in equipment, and $301 in intellectual property, with an estimated aggregate fair market value of at least $400,000. Projecting average monthly gross collections of $52,000, the Debtor requests emergency interim authority to spend $124,374 through September 25 (or $136,881 with a 10% variance) across eight weekly budget cycles, alongside authorization to pay pre-petition payroll for its 5 full-time and 2 part-time employees. To satisfy adequate protection requirements, the Debtor proposes granting the insider creditors replacement liens on post-petition cash and receivables of identical scope and priority as pre-petition liens, excluding Chapter 5 avoidance actions. Notably, the Debtor proposes $0 in periodic cash adequate protection payments, citing the creditors' insider status and the potential voidability of their post-verdict perfected liens under bankruptcy or state law. The immediate catalyst for Rocky Mountain's bankruptcy filing was a $1,409,013 judgment (plus 8.875% interest) entered against the Debtor in favor of Corey Jacobsen over alleged invasion of privacy through the misappropriation of name and likeness—a dispute stemming from a licensing agreement misunderstanding during a 2025 ownership acquisition. The Debtor intends to appeal the judgment and pursue legal malpractice claims against its former state court counsel. An interim hearing is scheduled for August 17. A copy of the motion is available at https://urlcurt.com/u?l=sv6dYK from PacerMonitor.com. About Rocky Mountain Hunting Calls & Supplies LLC Rocky Mountain Hunting Calls & Supplies, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ida. Case No. 26-20315-NGH) on August 6, 2026. In the petition signed by Dale Ames, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Noah G. Hillen oversees the case. Jared D. Smith, Esq., at Foley Freeman, PLLC, represents the Debtor as legal counsel. RYMAN HOSPITALITY: S&P Rates New $700MM Senior Unsecured Notes 'BB' ------------------------------------------------------------------- S&P Global Ratings assigned its 'BB' issue-level rating and '2' recovery rating to RHP Hotel Properties L.P.'s and RHP Finance Corp.'s proposed $700 million senior unsecured notes due 2035. Both entities are subsidiaries of Ryman Hospitality Properties Inc. The '2' recovery rating indicates S&P's expectation for substantial (70%-90%; rounded estimate: 85%) recovery for noteholders in the event of a default. The company will use the proceeds from these proposed notes, along with the proceeds from its previously announced equity issuance and some cash from its balance sheet, to acquire the Grande Lakes Orlando for a total purchase price of $1.38 billion. Following the acquisition, the Grande Lakes Orlando will become an unencumbered asset of Ryman, which would be shared pari passu among its secured and unsecured lenders in a recovery scenario. S&P said, "Our 'BB-' issuer credit rating and stable outlook on Ryman are unchanged because of the leverage-neutral nature of the transaction due to the equity offering. We expect Ryman's pro forma S&P Global Ratings'-adjusted leverage will be in the high-4x area in 2026, decreasing to the mid-4x area in 2027, in line with our previously published base-case forecast." The acquisition will add about 1,600 guest rooms, one 18- hole golf course, and about $110 million in pro forma EBITDA for the trailing twelve months ending June 30, 2026 to Ryman's portfolio. In addition, the Grande Lakes Orlando will add a new brand, the Ritz-Carlton, to Ryman's portfolio increasing its brand diversity. The hotel will remain under the Ritz-Carlton and JW Marriot brands and increase Ryman's exposure to the Orlando market, frequently the top meeting market in the U.S. Ryman's group room nights inventory share in Orlando will increase to about 10%, which is below its portfolio average of about 15% per market. S&P expects modest capital expenditure (capex) needed for the property over the next few years, as it has recently benefited from about $150 million in investments to improve its guestrooms, meeting spaces, and public areas S&P said, "Excluding the Grande Lakes Orlando, we have increased our 2026 RevPAR and total RevPAR assumptions in line with the mid-point of management's updated same-store Hospitality guidance for both RevPAR and total RevPAR to 4%, driven by the strong first half with good group and leisure travel demand, and supported by second half group revenue already on the books. We expect S&P Global Ratings-adjusted EBITDA margins in the 32%-33% range this year, as it benefits from higher revenue and its forward booking curve to minimize disruptions and optimize labor costs. In addition, we have increased our capex expectations for 2026 to $400 million-$500 million due to the acceleration of certain projects previously planned for 2027, such as the water amenity improvements at the Gaylord Texan. "The stable outlook reflects our forecast for Ryman's EBITDA coverage of interest expense to be in the mid-3x area through 2027, which we view as good relative to our 2.5x downgrade threshold. Good coverage partly offsets adjusted net debt to EBITDA we forecast to be just below our 5.0x downgrade threshold in 2026, improving modestly to the mid-4x area by the end of 2027. Despite potential macroeconomic headwinds, we believe the 'BB-' rating is appropriate even with its minimal cushion relative to our leverage downgrade threshold because of the good visibility from its forward group bookings. The stable outlook also reflects Ryman's long-term financial target to sustain company-defined net leverage of 4.0x-4.5x, which would typically sustain our S&P Global Ratings-adjusted net leverage below our 5.0x downgrade threshold." Issue Ratings--Recovery Analysis Key analytical factors -- The '1' recovery rating is unchanged on Ryman's senior secured revolving credit facility and senior secured term loan B, indicating S&P's expectation for very high (90%-100%; rounded estimate: 95%) recovery for investors in the event of a default. The issue level rating on this debt is 'BB+'. -- S&P's '1' recovery rating on Ryman's secured debt also reflects very high recovery coverage provided by the Gaylord Opryland and Gaylord Texan subsidiary equity pledges. In addition, there is a negative pledge provision in the credit facility agreement that limits Ryman's ability to place liens or otherwise encumber the Gaylord Opryland and Gaylord Texan. -- S&P's '2' recovery rating on Ryman's senior unsecured notes indicates its expectation for substantial (70%-90%; rounded estimate: 85%) recovery for investors in the event of a default. The issue-level rating on this debt is 'BB'. -- The '2' recovery rating on Ryman's unsecured debt also reflects the recovery rating cap on unsecured debt for asset-intensive companies (such as REITs) with restrictive covenants common in REIT debt agreements. S&P said, "The 85% rounded recovery estimate is lower than the full recovery implied by our emergence valuation in our hypothetical default scenario compared with the level of outstanding unsecured debt. This is because under our methodology, we assume Ryman would add some level of debt to the capital structure or pledge and encumber some level of assets before default, despite restrictive covenants." Simulated default assumptions -- S&P's simulated default scenario contemplates a default occurring in 2030, which incorporates a significant reduction in the company's property values because of prolonged economic weakness and deteriorating cash flows in its hotel business. -- S&P assumes Ryman's assets would be sold to other hotel investors. Therefore, it uses a discrete asset approach to value the company on a property-by-property basis. The first-lien debt is secured by the Gaylord Opryland and Gaylord Texan subsidiary equity pledges, and the value of the remaining properties would be shared on a pari passu basis among the secured and unsecured lenders. -- S&P applies a 30% stress to the company's net operating income and use a blended 9.9% capitalization rate to arrive at our gross discrete asset value." Simplified waterfall -- Net discrete asset value (after 5% property-level sales and marketing expenses and 5% bankruptcy administrative expenses): $5.6 billion -- Total collateral value: $5.6 billion -- Estimated secured first-lien debt: $1 billion -- Value available for first-lien claims: $2.0 billion --Recovery expectations: 90%-100% (rounded estimate: 95%) -- Estimated senior unsecured debt: $4.1 billion -- Value available for unsecured claims: $4.6 billion --Recovery expectations: Capped at 70%-90% (rounded estimate: 85%) Note: All debt amounts include six months of prepetition interest. S.M.F. GROUP: Case Summary & 50 Largest Unsecured Creditors ----------------------------------------------------------- Lead Debtor: S.M.F. Group Inc. 810 Seventh Avenue, Suite 615 New York, NY 10019 Business Description: S.M.F. Group Inc. and its affiliates operate nine full-service restaurants in New York City's entertainment and cultural districts and Washington, D.C., serving Italian cuisine, American grill fare and diner classics through concepts including Cafe Fiorello, Trattoria Dell'Arte, Bond 45 and Brooklyn Diner. The New York-based restaurant group employs more than 800 people. Chapter 11 Petition Date: August 9, 2026 Court: United States Bankruptcy Court Southern District of New York Twenty-two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- S.M.F. Group Inc. (Lead Case) 26-11893 SMJ Group, L.L.C. 26-11894 SMJ Group, Inc. 26-11895 Brooklyn Diner USA, Inc. 26-11896 SFAP Group, LLC 26-11897 Shelny, LLC 26-11898 Red Eye Grill, Inc. 26-11899 Red Eye/Brooklyn Associates, L.P. 26-11900 57th Street Hospitality Partners, LLC 26-11901 Fireman Hospitality Card LLC 26-11902 The Fireman Group Cafe Concepts, Inc. 26-11903 Red Eye Grill, L.P. 26-11904 Ebbets Field Venture II, LLC 26-11905 Fiorello's Roman Cafe, Inc. 26-11906 Cieli Partners, L.P. 26-11907 Broadway Hospitality Venture, LLC 26-11908 Brasserie 57 LLC 26-11909 Brooklyn Diner USA, L.P. 26-11910 Cafe Concepts (Washington DC), LLC 26-11911 Ebbets Field Venture, LLC 26-11912 Italian Cafe Concepts, LLC 26-11913 The Finer Diner, LLC 26-11914 Judge: Hon. Shireen A Barday Debtors' General Bankruptcy Counsel: David S. Forsh, Esq. Hamid R. Rafatjoo, Esq. Carollynn H.G. Callari, Esq. RAINES FELDMAN LITTRELL LLP 1350 Avenue of the Americas, Fl. 22 New York, NY 10019 Tel: 917-790-7100 E-mail: dforsh@raineslaw.com hrafatjoo@raineslaw.com ccallari@raineslaw.com Chief Restructuring Officer and Support: Jordan Meyers SIERRACONSTELLATION PARTNERS LLC Claims and Noticing Agent: EPIQ CORPORATE RESTRUCTURING, LLC Lead Debtor's Estimated Assets: $1,000,001 to $10,000,000 Lead Debtor's Estimated Liabilities: $10,000,001 to $50,000,000 The petitions were signed by Benjamin M. Grossman as authorized person. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/QIUXTLA/SMF_Group_Inc__nysbke-26-11893__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 50 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. 888 Seventh Avenue LLC Rent $5,938,193 c/o Vornado Realty Trust 888 Seventh Avenue New York, NY 10019 Tel: 212-894-7000 Email: rlevy@vno.com 2. NYS Department of Taxation Sales Tax $3,161,769 Bankruptcy Section PO Box 5300 Albany, NY 12205-0300 Tel: 518-457-5434 Email: tax.sm.bankruptcycourtmailing@tax.ny.gov 3. Samson MCA LLC MCA $1,665,638 17 State Street Suite 630 New York, NY 10004 Email: steven@samsonfunding.com 4. InKind Cards, Inc. Dining Credits $1,553,827 600 Congress Avenue, Suite 1700 Austin, TX 78701 Email: info@inkind.com 5. Webfund LLC MCA $1,418,807 99 Wall Street #1540 New York, NY 10005 Email: jack@web-fund.com; ozzy@web-fund.com; underwriting@web-fund.com 6. Edison Management LLC Rent $1,182,465 228 West 47th Street, 2nd Floor New York, NY 10036 Contact: Michael Lefkowitz Email: mlefkowitz@triumphhotels.com 7. Zapco 1500 Investment L.P. Rent $1,118,385 c/o NW 5583 P.O. Box 1450 Minneapolis, MN 55485-5583 Tel: 212-944-0663 8. RP/Feil 57 JV LLC Rent $903,102 c/o The Feil Organization 7 Penn Plaza, 11th Floor New York, NY 10001 Contact: Randall Briskin Tel: 212-563-6557 Email: RBriskin@feil.com 9. Paramount Leasehold, L.P. Rent $821,067 c/o Levin Management Corp. / Rosemark Management 1501 Broadway, Suite 1616 New York, NY 10036 Tel: 908-755-2401 Email: management@levinmgt.com 10. American Express Other/Misc. $810,884 Gregory P. Deegan c/o Becket and Lee LP PO Box 3001 Malvern, PA 19355-0701 Email: proofofclaim@becket-lee.com 11. Baldor Specialty Foods Food Cost $677,342 155 Food Court Drive Bronx, NY 10474 Contact: Mark Pastore Tel: 718-860-9100 Email: Mark@baldorfood.com 12. Capybara Capital, LLC MCA $603,562 6501 Congress Avenue, Suite 340 Boca Raton, FL 33487 Email: CSutherlin@capybarausa.com 13. US Small Business SBA Loan $600,000 Administration COVID EIDL Servicing Center PO Box 156059 Forth Worth, TX 76155-2243 Tel: 833-853-5638 Email: COVIDEIDLServicing@sba.gov 14. Film at Lincoln Center Rent $504,538 70 Lincoln Center Plaza, 4th Floor New York, NY 10023 Tel: 212-875-5610 Email: info@filmcomment.com; jkwiatkowski@filmlinc.org; etooley@filmlinc.org 15. Apollo Funding Co. MCA $477,738 9 West 57th Street, 41st Floor New York, NY 10019 Email: Questions@mcaservicingcompany.com 16. Dairyland USA Food Cost $449,347 240 Food Center Drive Bronx, NY 10474 Tel: 718-842-8700 ext. 513 Email: chef@chefswarehouse.com 17. Forward Financing LLC MCA $415,062 53 State Street, 20th Floor Boston, MA 02109 Tel: 888-244-9099 Email: account.servicing.team@forwardfinancing.com 18. Quality Performance Cleaning & Sanitation $405,323 Maintenance & Cleaning 1200 6th Avenue, 3rd Floor New York, NY 10036 Email: info@qualitypmc.com 19. I Halper Paper and Supplies Food Cost $357,007 Inc. 51 Hook Road Bayonne, NJ 07002 Tel: 973-675-6633 Email: information@ihalper.com 20. EBF Holdings LLC (Everest MCA $350,108 Business Funding) 102 W. 38th Street, 6th Floor New York, NY 10018 Tel: 800-619-2943 Email: info@everestbusinessfunding.com 21. Pat LaFrieda Meat Purveyors Food Cost $333,571 3701 Tonnelle Avenue North Bergen, NJ 07047-2421 Tel: 212-929-2420 22. ODK Capital, LLC (On Deck) MCA $332,333 4700 W. Daybreak Pkwy., Suite 200 South Jordan, UT 84009 Tel: 888-556-3483 Email: customerservice@ondeck.com 23. Driscoll Foods Food Cost $311,169 6 West Belt Wayne, NJ 07470 Tel: 973-672-9400 Email: customerservice@driscollfoods.com 24. Samuels and Son Food Cost $270,235 3400 South Lawrence Street Philadelphia, PA 19148 Tel: 800-580-5810 Email: alex@samuelsseafood.com 25. Le Meridian Central Park Rent $265,364 120 West 57th Street New York, NY 10019 Tel: 212-830-8000 Email: fom@lemeridiennyc.com 26. Ogden CAP Properties LLC 02 Rent $249,918 545 Madison Avenue, 6th Floor New York, NY 10022 Tel: 212-289-5000 Email: cjohnson@ogdencap.com 27. Spencer Fane LLP Professional Services $224,049 Erika J. Howard 1000 Walnut Street, Suite 1400 Kansas City, MO 89101 Contact: Erika J. Howard, Accounting Manager Tel: 816-474-8100 Email: ehoward@spencerfane.com 28. CohnReznick, LLP Professional Services $155,297 1301 Avenue of the Americas, 10th Floor New York, NY 10019 Tel: 212-297-0400 Email: Jarrett.bluth@cohnreznick.com 29. The TREA 1001 Pennsylvania Rent $154,749 Avenue Trust c/o Hines Interests Limited Partnership 1001 Pennsylvania Avenue, NW, #100 Washington, DC 20004 Tel: 202-639-7575 30. Constellation New Energy Inc. Utilities $149,078 P.O. Box 4640 Carol Stream, IL 60197 Tel: 888-635-0827 Email: payments@constellation.com; CustomerCare@constellation.com 31. William Resk Employee $145,000 [Address on File] 32. Coast Cleaning Svcs Cleaning & Sanitation $144,050 1100 6th Avenue Neptune, NJ 07753 Tel: 732-775-2000 33. Sogno Toscano Tuscan Dream Food Cost $131,957 1445 W 12th Pl, Suite 101 Tempe, AZ 85281 Tel: 844-664-1581 Email: customerservice@sognotoscano.com 34. Sysco Metro New York LLC Food Cost $126,165 Wilderson Cheriscar 20 Theodore Conrad Drive Jersey City, NJ 07305-4614 Tel: 800-797-2627 Email: cheriscar.wilderson@corp.sysco.com; sysco.customer.credit@sbs.sysco.com 35. Willkie Farr & Gallagher LLP Legal Fees $110,767 David C. Drewes 787 Seventh Avenue New York, NY 10019 Tel: 212-728-8000 Email: ddrewes@willkie.com 36. CFG Merchant Solutions, LLC MCA $96,856 180 Maiden Lane, Suite 1502 New York, NY 10038 Tel: 844-662-3467 Email: info@cfgms.com 37. RAMP Credit Card $90,818 28 West 23rd Street Floor 2 New York, NY 10010 Email: communications@ramp.com 38. Italian Luxury Design Essence Other / Misc. $87,129 LLC 7901 NE 2nd Avenue Miami, FL 33138 Tel: 917-328-0546 Email: pam@ild.design 39. Action Carting Environmental S Cleaning & Sanitation $85,843 c/o Interstate Waste Services 300 Frank W. Burr Blvd., Suite 39 Teaneck, NJ 07666 Tel: 866-270-9900 Email: customerservice@actioncarting.com 40. D2 Office Furniture & Design, Other / Misc. $80,697 Inc. 150 East 39th Street New York, NY 10016 Tel: 212-288-0800 Email: infor@d2nyc.com 41. FOC NY Inc. Marketing $76,928 77 Worth Street New York, NY 10013 Contact: Todd Birnbaum Email: todd@friendofchef.com 42. Air Comfort Service Group LLC Other / Misc. $68,974 20 Brooklyn Avenue Massapequa, NY 11758 Contact: Tom Gindele Tel: 516-799-2100 Email: TGindele@aircomny.com 43. Air Comfort Repairs & Maintenance $60,644 Refrigeration Corp. 399 Route 109 West Babylon, NY 11704 Tel: 516-799-2100 Email: info@aircomny.com 44. Peterson-Fireman Venture B45 Labor $60,000 LLC c/o Peterson Companies 712 Fifth Avenue, 48th Floor New York, NY 10019 Email: info@petersoncos.com 45. Zurich American Insurance Insurance $59,617 Company 1299 Zurich Way Schaumburg, IL 60196 Tel: 800-382-2150 Email: direct.bill@zurichna.com; billing.and.collection@zurichna.com 46. Computer Helpers Inc. Technology & POS $59,092 901 N. Washington Street, Suite 103 Alexandria, VA 22314 Tel: 703-836-1753 47. Danow, McMullan and Panoff, Professional Services $51,869 P.C. 605 Third Avenue, 16th Floor New York, NY 10158 Tel: 212-370-3744 Email: info@thedanowgroup.com 48. Ocean Funding Corp. MCA $50,000 2941 West Cypress Creek Road Suite 101 Fort Lauderdale, FL 33309 Email: admin@oceanfundingcorp.com 49. Newman Ferrara LLP Professional Services $47,131 Jonathan H. Newman 55 East 59th Street, 17th Floor New York, NY 10022 Tel: 212-619-5400 Email: JNewman@nfllp.com 50. Chef's Warehouse Mid-Atlantic Food Cost $43,253 LLC c/o The Chef's Warehouse 100 East Ridge Road Ridgefield, CT 06877 Tel: 718-842-8700 Email: chefs@chefswarehouse.com SABLE OFFSHORE: Resolves Going Concern Doubt After 2026 Refinancing ------------------------------------------------------------------- Sable Offshore Corp. 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, reporting a net loss of $64.2 million for the three months ended June 30, 2026, compared to a net loss of $128.1 million for the same period in the prior year. For the six months ended June 30, 2026, the Company incurred a net loss of $261.2 million, compared to a net loss of $237.6 million for the same period in 2025. The Company recognized $137.1 million in total revenue for the three months ended June 30, 2026, compared to no revenue recognized for the three months ended June 30, 2025, as oil sales did not commence until March 2026. The Company recognized $138.4 million in total revenue for the six months ended June 30, 2026, compared to no revenue recognized for the six months ended June 30, 2025, as oil sales did not commence until March 2026. As of June 30, 2026, the Company reported unrestricted cash of $21.6 million, current debt of $236.7 million, and an accumulated deficit of $1.4 billion. 2026 Refinancing Transactions On July 2, 2026, the Company consummated a series of transactions intended to refinance its existing indebtedness, strengthen its liquidity position, and extend its debt maturities. The 2026 Refinancing Transactions consisted of: (i) the issuance of approximately $675.0 million aggregate principal amount of a Senior Secured Term Loan B due Dec. 15, 2028; (ii) the issuance of $345.0 million aggregate principal amount of 6.5% Convertible Senior Notes due 2031; (iii) an underwritten public offering of 37,337,662 shares of Common Stock for gross proceeds of approximately $115.0 million; and (iv) the entry into a new senior secured reserve-based revolving credit facility providing commitments of up to $500 million, initially subject to a $0 borrowing base. The net proceeds from the 2026 Refinancing Transactions were used to repay the Company's existing Senior Secured Term Loan with Exxon Mobil Corporation in full, pay related fees and expenses, and provide additional liquidity for general corporate purposes. The Senior Revolver was also entered into to support the Company's ongoing liquidity, hedging, and cash management needs and had no borrowing availability at closing given its initial $0.0 borrowing base. Going Concern In connection with the preparation of its unaudited condensed consolidated financial statements as of and for the three months ended March 31, 2026, management evaluated the Company's ability to continue as a going concern in accordance with ASC 205-40, Presentation of Financial Statements -- Going Concern, and concluded that substantial doubt existed regarding the Company's ability to continue as a going concern within one year of the date such financial statements were issued, due to the Company's then current debt maturity profile and related liquidity considerations. On July 2, 2026, the Company completed the 2026 Refinancing Transactions, which extended the maturity of the Company's debt obligations and improved its liquidity position. As a result, management re-evaluated the Company's ability to continue as a going concern and concluded that the conditions and events that previously raised substantial doubt had been alleviated. Accordingly, substantial doubt regarding the Company's ability to continue as a going concern no longer exists as of Aug. 10, 2026, the issuance date of the unaudited condensed consolidated financial statements contained in this Quarterly Report, which have been prepared on a basis that assumes the Company will continue as a going concern. Management Commentary Chairman and Chief Executive Officer, Jim Flores said "The Sable team was able to make strong progress in ramping up operations in the second quarter. We are encouraged by the productivity of the wells at the SYU with their higher than expected production with minimal to no observable decline." He continued, "Through the various solutions we have identified, we look forward to working with our midstream and downstream partners to maximize the amount of domestic crude oil from the SYU getting to market for the benefit of California consumers and the U.S. Military and its allies globally." A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/yz5s65bt. About Sable Offshore Corp. Sable Offshore Corp. (formerly known as Flame Acquisition Corp.) is an independent oil and gas Company headquartered in Houston, Texas. Flame was initially formed as a special purpose acquisition Company for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As of June 30, 2026, the Company had $1.8 billion in total assets, $1.4 billion in total liabilities, and $395 million in total stockholders' equity. * * * This concludes the Troubled Company Reporter's coverage of Sable Offshore Corp. until facts and circumstances, if any, emerge that demonstrate financial or operational strain or difficulty at a level sufficient to warrant renewed coverage. SABLE OFFSHORE: State Street Discloses 5.1% Equity Stake -------------------------------------------------------- State Street Corporation, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 7,827,902 shares of Sable Offshore Corp's Common Stock, with shared voting power over 7,563,324 shares, shared dispositive power over 7,827,902 shares, and no sole voting or dispositive power, representing 5.1% of the Common Stock outstanding. The securities are held through subsidiaries including SSGA Funds Management, Inc., State Street Bank and Trust Company, State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd. State Street Corp. may be reached through: Elizabeth Schaefer One Congress Street Suite 1 Boston, MA 02114 Tel: 484-328-4701 A full-text copy of State Street Corporation's SEC report is available at https://tinyurl.com/yx8wt6t3. About Sable Offshore Corp. Sable Offshore Corp. (formerly known as Flame Acquisition Corp. is an independent oil and gas Company headquartered in Houston, Texas. Flame was initially formed as a special purpose acquisition Company for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company's independent auditor, Ham, Langston & Brezina, L.L.P., based in Houston, Texas, and serving since 2024, included a "going concern" qualification in its report dated Feb. 27, 2026, attached to the Annual Report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ended Dec. 31, 2025 citing that uncertainties related to obtaining the remaining regulatory approvals necessary to resume sales of production, along with the uncertainty of obtaining additional financing, or refinancing the Senior Secured Term Loan raise substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company had $1.7 billion in total assets, $1.3 billion in total liabilities, and $421.9 million in total stockholders' equity. SAPPHIRE EXCHANGE: Cash Collateral Access Extended to Sept. 10 -------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida entered a third preliminary order authorizing The Sapphire Exchange, LLC to use cash collateral through September 10. Under the order, the Debtor is allowed to use cash collateral to pay court-authorized operating expenses, including quarterly fees owed to the Office of the U.S. Trustee, expenses listed in the approved budget, and additional expenditures approved in writing by Everest Business Funding, LLC, a senior creditor. The Debtor is permitted a variance of up to 10% for each budget line item. If disputes arise regarding proposed expenditures, the Debtor is entitled to expedited court hearings. The budget projects total operational expenses of $135,467 for the period from July to September. Everest and other secured creditors will receive adequate protection through a perfected post-petition replacement lien on cash collateral, with the same validity, priority and extent as their pre-petition liens. The replacement liens are effective automatically without requiring additional filings or documentation under non-bankruptcy law. Additional safeguards include insurance coverage consistent with the Debtor's obligations under its existing loan and security agreements with secured creditors. The order preserves the rights of all parties and does not constitute a final determination regarding lien validity, adequate protection, or restrictions on cash collateral use. A continued preliminary hearing is scheduled for September 10. About The Sapphire Exchange LLC The Sapphire Exchange, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-02856) on April 21, 2026, with assets of up to $50,000 and liabilities of between $100,001 and $500,000. Judge Grace E. Robson oversees the case. Jeffrey Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. Jerrett McConnell, Esq., at McConnell Law Group, P.A. serves as Subchapter V trustee for the Debtor. SCOTT ZIMMERMAN: Gets Interim OK to Use Cash Collateral ------------------------------------------------------- Scott Zimmerman Logging, Inc. on Aug. 12 received interim approval from the U.S. Bankruptcy Court for the Western District of Pennsylvania to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral to fund its operations and to operate within 10% of the budget until further order of the court. The Debtor identifies Horizon Farm Credit, ACA (also known as AgChoice Farm Credit, ACA) as the primary secured creditor asserting an interest in its cash collateral. AgChoice holds a first-position blanket lien on substantially all assets of the Debtor pursuant to a UCC financing statement. The Debtor estimates that it owes AgChoice approximately $377,485 on its secured loan, against total asset values estimated at approximately $100,000. AgChoice will receive adequate protection through monthly payments of $2,296.79, with the first payment due by Aug. 31. In addition, the pre-petition liens of AgChoice and any creditor with an interest in cash collateral will continue post-petition. Replacement liens will be granted only to the extent of any diminution in the creditors' interests in the pre-petition collateral. These liens do not apply to Chapter 5 causes of action and recoveries from any claims under section 506(c) of the Bankruptcy Code. The order is available at http://bankrupt.com/misc/ScottZimmerman_CCOrder38.pdf The court scheduled a final hearing for Sept. 10 and set a Sept. 3 deadline for filing objections. About Scott Zimmerman Logging Inc. Scott Zimmerman Logging, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 26-10389) on July 30, 2026. In the petition signed by Scott Zimmerman, shareholder, the Debtor disclosed up to $100,000 in assets and up to $1 million in liabilities. Christopher M. Frye, Esq., at Steidl & Steinberg, PC, represents the Debtor as legal counsel. SEAFARER'S LLP: Taps Brian Finnegan to Provide Broker Price Opinion ------------------------------------------------------------------- Seafarer's LLP received approval from the U.S. Bankruptcy Court for the Western District of Washington at Seattle to hire Brian Finnegan, CCIM, and WestCom Properties, to provide a broker price opinion on the real property commonly known as 609/611 Seafarers Way, Anacortes, WA. Debtor is authorized to enter into a listing agreement with Brian Finnegan for a sale price of not less than $2,900,000.00, and consistent with the broker price opinion. About Seafarer's LLP Seafarer's LLP is a single asset real estate company. Seafarer's LLP sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 26-11344) on April 23, 2026. In its petition, the debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. Honorable Bankruptcy Judge Timothy W. Dore handles the case. The debtor is represented by Douglas R. Shepherd, Esq., of Shepherd and Allen. SEASHORE PROPERTIES: Gets Extension to Access Cash Collateral ------------------------------------------------------------- Wayne K.T. Mau, the Chapter 11 trustee for Seashore Properties, LLC and affiliated debtors, received another extension from the U.S. Bankruptcy Court for the District of Hawaii to use cash collateral. The court entered its ninth interim order authorizing the trustee to use pre-petition cash collateral in line with an approved budget pending a further hearing. The Debtor may exceed budgeted amounts by up to 20%. As adequate protection, Hawaii State Federal Credit Union, 49 Hana, LLC and the U.S. Small Business Administration will be granted replacement liens on post-petition collateral, with the same priority as their pre-petition liens. In addition, Hawaii State Federal Credit Union will receive monthly payments of $15,000. These measures are intended to safeguard the creditors' interests while the Debtors continue to use the collateral. The order is available at https://shorturl.at/fPwlu from PacerMonitor.com. The court set deadlines for additional filings, requiring supplemental pleadings by August 24 and responses by August 28. A further interim hearing is scheduled for August 31. HSFCU is represented by: Jonathan W.Y. Lai, Esq. Thomas H. Yee, Esq. Watanabe Ing, LLP A Limited Liability Law Partnership First Hawaiian Center 999 Bishop Street, Suite 1250 Honolulu, HI 96813 Telephone: (808) 544-8300 Facsimile: (808) 544-8399 jlai@wik.com; tyee@wik.com About Seashore Properties Seashore Properties, LLC, doing business as Paia Inn, operates a boutique hotel located at 93 Hana Highway in Paia on the island of Maui, Hawaii. The inn provides upscale lodging accommodations that blend contemporary amenities with local design elements, offering rooms and suites equipped with modern conveniences such as private baths, Wi-Fi, and air conditioning. Situated in Maui's North Shore beach town, the property serves both leisure and business travelers seeking personalized hospitality and proximity to local dining, shopping, and coastal attractions. Seashore Properties filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Hawaii Case No. 25-00952) on October 24, 2025, with between $10 million and $50 million in both assets and liabilities. Judge Robert J. Faris presides over the case. Chuck C. Choi, Esq., at Choi & Ito represents the Debtor as legal counsel. Wayne T.K. Mau is the Chapter 11 trustee appointed in the Debtor's case. SELIM DAVID MOCHE: Creditor Wins Bid to Dismiss Chapter 11 Case --------------------------------------------------------------- Judge John P. Mastando III of the U.S. Bankruptcy Court for the Southern District of New York granted the motion of creditor Nancy Wolfson-Moche to dismiss Selim David Moche's Chapter 11 case pursuant to 11 U.S.C. Sec. 1112(b). On July 16, 2026, creditor Gracie Gardens Owners Corp. (the "Co-Op Board") filed a joinder and limited opposition to the Motion (the "Limited Opposition"). The CoOp Board agrees that "cause" exists under Sec. 1112(b) to dismiss or convert the case but argues that conversion, rather than dismissal, is in the best interests of creditors and the estate. According to the Co-Op Board, dismissal would result in a "race to the courthouse" in which individualized collection efforts by creditors would diminish the recoveries available to all creditors. The Co-Op Board contends that "conversion, not dismissal, is the only pathway to maximizing the value of the estate, given the Debtor's inability to effectively manage estate assets. According to the Co-Op Board, because the residential property contains "approximately $1,941,845.76 of remaining equity," conversion would permit a Chapter 7 trustee to liquidate the Debtor's assets and ensure an orderly and equitable distribution to creditors. Wolfson, however, argues that dismissal, rather than conversion, is the appropriate remedy. Until the Debtor's interest in the property is determined in the matrimonial proceeding -- for which this Court granted relief from the automatic stay -- a trustee could not begin to market, sell, or otherwise liquidate that interest for the benefit of creditors. Instead, the trustee would be required to await the state matrimonial court's resolution of the parties' respective marital rights, while the bankruptcy estate would continue to incur administrative expenses Wolfson contends that conversion would therefore provide no present benefit to creditors and could substantially increase the costs of bankruptcy administration. According to the Court, the ability of a Chapter 7 trustee to reach and administer assets favors dismissal. Judge Mastando explains, "Although the Co-Op Board asserts that the residential property contains substantial equity available for distribution, the record does not establish what portion, if any, of that equity constitutes property of the estate. The Debtor's asserted interest in the residential property remains undefined pending resolution of the state matrimonial proceeding. A Chapter 7 trustee would therefore confront the same threshold issue as the Debtor and could not presently market or liquidate the asserted interest in an efficient and orderly fashion." The Court finds the effect of each remedy on estate value and administrative expenses favors dismissal. Conversion would require the appointment of a Chapter 7 trustee, whose compensation would reduce the funds potentially available to creditors while the trustee awaited resolution of the state matrimonial proceeding. Because conversion would not create an immediate source of recovery or facilitate a prompt distribution, those additional expenses would diminish, rather than enhance, the value potentially available to creditors. The Court finds that cause exists under Sec. 1112(b). Because conversion would impose additional administrative expenses without enabling the prompt liquidation of an identified estate asset, while dismissal would permit the controlling property dispute to proceed in the appropriate state court forum, the Court concludes that dismissal, rather than conversion, is in the best interests of creditors and the estate. A copy of the Court's Memorandum Opinion and Order dated August 6, 2026, is available at https://urlcurt.com/u?l=bJ3QTT from Pacermonitor.com. David Moche filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 25-11831) on August 21, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Douglas Pick, Esq. SEVEN C'S: Seeks to Hire Scott N. Tisevich as Counsel ----------------------------------------------------- Seven C's Manufacturing, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Law Office of Scott N. Tisevich as counsel. The firm will provide these services: a. assist and advise the Debtor relative to the administration of the bankruptcy proceeding; b. advise the Debtor with respect to its powers and duties as debtor-in-possession in the continued management and operation of its business and property; c. represent the Debtor before the Bankruptcy Court and advise the Debtor on pending litigation, hearings, motions, and decisions of the Bankruptcy Court; d. review and advise the Debtor regarding applications, orders, and motions filed with the Bankruptcy Court by third parties in the proceeding; e. attend meetings, and represent the Debtor at all examinations; f. communicate with creditors and other parties in interest; g. assist the Debtor in preparing all motions, applications, answers, orders, reports, and papers necessary to the administration of the estate; h. confer with other professionals retained by the Debtor and other parties in interest; i. negotiate and prepare the Debtor's Chapter 11 plan, related disclosure statement, and all related agreements and documents and take any necessary actions on the Debtor's behalf to obtain confirmation of the plan; and j. perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with the Chapter 11 case. The firm will be paid at these rates: Scott N. Tisevich $450 per hour Paralegals $90 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Tisevich disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Scott N. Tisevich, Esq. Law Office of Scott N. Tisevich 1755 E. Plumb Lane, Ste 269 Reno, NV 89502 Tel: (775) 786-8926 Email: sntisevich@gmail.com About Seven C's Manufacturing, Inc. Seven C's Manufacturing, Inc. is a Reno, Nevada-based precision manufacturing company specializing in computer numerical control (CNC) machining and fabricated metal products. The company operates from a facility on Corsair Street in Reno and has maintained active business operations. Seven C's Manufacturing, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50749) on July 27, 2026. The company reports estimated assets and liabilities ranging from $1 million to $10 million. The bankruptcy filing includes approximately $1.4 million in secured debt. The Honorable Bankruptcy Judge handles the case. The Debtor is represented by Scott N. Tisevich, Esq. SHERRITT INTERNATIONAL: Consortium Confirms CAD$.12 Recap Proposal ------------------------------------------------------------------ The United States Consortium -- now comprising a prominent United States anchor investor, Kyma Capital Limited, veteran global financial markets investor Trifon Natsis, and Glencore Ltd., on Aug. 10, 2026, confirms that it formally submitted a comprehensive, non-binding recapitalization proposal to the Board of Directors of Sherritt International Corporation on June 26, 2026. The Proposal has been before the Board since that date. The Consortium is making this announcement so that Sherritt's shareholders, noteholders, employees and other stakeholders can assess the Company's alternatives for themselves. On August 7, an Ad Hoc Group representing a majority of the outstanding principal amount of Sherritt's 9.25% 2031 Notes publicly disclosed the key terms of a recapitalization proposal submitted to the Company by a consortium of strategic and financial investors and called on the Board to engage immediately with all credible alternatives. The Consortium confirms that the proposal disclosed by the Ad Hoc Group is the Proposal described in this announcement. The Proposal provides: * New equity at C$0.12 per share -- a market-reflective price with no discount to Sherritt's unaffected share price as of May 19, 2026, in contrast to the discounted structure publicly disclosed as the basis of the Gillon Capital proposal; * Partial participation rights for eligible existing shareholders -- eligible shareholders will have the opportunity to participate pro rata in a portion of the new equity issuance at the same C$0.12 per share price as the Consortium, reducing the dilution that would otherwise result from a closed control placement; * A fully-funded transaction with no third-party debt financing condition -- equity commitments from Consortium members, supported by equity commitment letters or equivalent instruments delivered at signing of definitive documentation, and a structure designed to provide a credible path to the noteholder support required for implementation; * While not conditional, the Proposal provides the ability to unlock additional financing from the existing noteholders, contemplated in combination with equity commitments from the Consortium; * Clear control and ownership structure through a U.S.-domiciled acquisition vehicle which, in the aggregate, will hold at least 55% of the Company on a fully diluted basis at completion; and * U.S. regulatory engagement already underway -- the Consortium has received written confirmation from the U.S. Department of State, addressed to the Consortium and the Company, that the U.S. Department of State and Department of the Treasury do not object to the Consortium engaging in negotiations with Sherritt. Following completion, the Consortium intends to work with the Company to stabilize its capital structure and liquidity; preserve and enhance the Fort Saskatchewan refinery and Sherritt's North American nickel and cobalt processing capability; establish a compliant pathway for the business to serve critical-minerals supply chains; and establish a dedicated sanctions, national security and compliance committee of the Board. A Consortium Built for This Situation The Consortium combines three differentiated capabilities: a US anchor and Trifon Natsis, providing anchor capital and deep global financial markets experience; Kyma Capital, Sherritt's largest economic stakeholder across its capital structure, providing the stakeholder-consent bridge and implementation certainty no disclosed competing proposal can match; and Glencore, a leading global diversified natural resources company, contributing commercial expertise and technical support specific to nickel and cobalt production. A spokesperson for the Consortium said: "This is a funded, inclusive proposal at a price with no discount, from investors who know this company, with a credible path to the noteholder consent any transaction must have and with constructive engagement already underway in Washington. We are not asking the Board to abandon its process. We are asking it to compare proposals -- and to let the better transaction win on the merits." Akshay Shah, Chief Investment Officer of Kyma Capital, said: "The majority noteholder group has now publicly disclosed the key terms of this Proposal and called for immediate engagement with all credible alternatives. Any transaction requiring noteholder consent needs to be developed through meaningful engagement with those stakeholders, not presented as a fait accompli after the key economic and governance terms have already been determined." Engagement The Company has publicly acknowledged constrained liquidity, a material uncertainty as to its ability to continue as a going concern, and the need for significant new capital to restart the Fort Saskatchewan refinery. On August 7, the Ad Hoc Group called for immediate engagement with all credible alternatives and stated that meaningful engagement with noteholders must occur before key economic and governance terms are finalized in any transaction requiring noteholder consent. In these circumstances, the Consortium believes that all credible alternatives must be evaluated promptly and on an informed basis, and that exclusivity arrangements do not relieve the Board of that obligation. Delay has real economic consequences: restart costs, working capital needs and the total financing requirement all grow with time. As the Ad Hoc Group has now publicly observed, the competing alternatives should be assessed on value, financing certainty, shareholder treatment, operating capability, strategic merit, execution risk and overall stakeholder outcomes. The Consortium and its advisers are available to meet with the Board and its advisers immediately. Kyma Capital has separately announced governance initiatives in respect of the Company, including the special meeting of shareholders that has now been requisitioned. Those initiatives are undertaken by Kyma Capital in its own capacity as a shareholder of Sherritt, and not on behalf of the Consortium. About US Anchor US Anchor is a United States-based investor with deep global financial markets experience. About Kyma Capital Kyma Capital is a London-based investment manager specialising in event-driven and distressed credit opportunities. Kyma is authorised and regulated by the United Kingdom Financial Conduct Authority. About Trifon Natsis Trifon Natsis is a co-founder of Brevan Howard Asset Management and has more than three decades of experience investing across global financial markets. About Glencore Glencore is one of the world's largest diversified natural resource companies and commodity traders, with a significant presence in mining and marketing of critical minerals, including nickel and cobalt. About Sherritt Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S". SHERRITT INTERNATIONAL: Urges Caution on Consortium Recap Proposal ------------------------------------------------------------------ Sherritt International Corporation on Aug. 10, 2026, confirmed receipt of an unsolicited, non-binding proposal from a consortium comprised of Kyma Capital, Glencore Ltd. and a United States anchor investor. The Corporation cautions stakeholders that the Consortium's proposal is non-binding, conditional and is not currently executable. Sherritt will address all proposals from current or potential stakeholders and its board will consider them in accordance with its fiduciary duties. Sherritt's stakeholders should exercise caution when evaluating information from any source, particularly information disseminated by third parties who may not have knowledge of, or may not present, the constraints to which Sherritt is subject. Sherritt will continue to engage with its stakeholders as it navigates the significant challenges that it faces. Sherritt will provide factual updates as developments warrant, in accordance with applicable securities laws. Sherritt does not intend to make further public announcements regarding rumours or speculation unless it determines that disclosure is in the best interest of its stakeholders and in accordance with the requirements of applicable law. About Sherritt Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S". SIGNAL NATIONAL: Case Summary & 30 Largest Unsecured Creditors -------------------------------------------------------------- Lead Debtor: Signal National LLC 5850 San Felipe, Suite 500 Houston, TX 77057 Business Description: Signal National LLC, formed in Texas in February 2026, consolidates certain administrative functions for the Debtors, including payroll and employee benefits, and supports the final stage of a broader restructuring and wind-down effort that had been underway for about two years. The group's remaining businesses acquire, finance, service and monetize structured- settlement payment streams, medical and health-care provider receivables, lottery receivables and other specialty-finance assets, and also have interests in litigation finance. Its principal holding companies, 777 Partners LLC and 600 Partners LLC, were formed in 2015 and 2017, respectively, and the group also holds residual assets, contracts or claims related to consumer and commercial finance, aviation technology and airline investments, film-completion guarantees and production services, and insurance distribution and technology. Chapter 11 Petition Date: August 9, 2026 Court: United States Bankruptcy Court Northern District of Texas Twenty-three affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Signal National LLC (Lead Case) 26-90190 600 Partners LLC 26-90191 777 Asset Management LLC 26-90192 777 Partners LLC 26-90193 Daedalus I LLC 26-90194 Employee Funding of America, LLC 26-90195 F3EA Capital LLC 26-90196 F3EA Holdings LLC 26-90197 F3EA Servicing LLC 26-90198 Ironman Capital LLC 26-90199 Lex Capital Holdings LLC 26-90200 Lumiere Acquisitions Company LLC 26-90201 Lumiere Financing LLC 26-90202 Phoenicia LLC 26-90203 Signal AHF Medical Receivables HoldCo LLC 26-90204 Signal LF Portfolio Holdco LLC 26-90205 Signal MLH Medical Receivables HoldCo LLC 26-90206 Signal Servicing LLC 26-90207 Singer Asset Finance Company, L.L.C. 26-90208 SuttonPark Capital LLC 26-90209 SuttonPark Servicing LLC 26-90210 Tactical Marketing Partners LLC 26-90211 Thresher Acquisition, LLC 26-90212 Judge: Hon. Edward L Morris Debtors' General Bankruptcy Counsel: Jason S. Brookner, Esq. Amber M. Carson, Esq. Blake M. Bryan, Esq. GRAY REED 1845 Woodall Rodgers Fwy, Suite 1300 Dallas, TX 75201 Tel: 469-320-6132 Tel: 214-954-4135 Fax: 214-953-1332 Email: jbrookner@grayreed.com acarson@grayreed.com bbryan@grayreed.com Debtors' Special Corporate and Litigation Counsel: SMITH, GAMBRELL & RUSSELL LLP Debtors' Financial Advisors: GLASSRATNER ADVISORY & CAPITAL GROUP LLC Debtors' Claims, Noticing and Solicitation Agent: EPIQ CORPORATE RESTRUCTURING, LLC Signal National's Estimated Assets: $100,001 to $500,000 Signal National's Estimated Liabilities: $1,000,001 to $10,000,000 777 Partners LLC's Estimated Assets: $10,000,001 to $50,000,000 777 Partners LLC's Estimated Liabilities: $1,000,000,001 to $10,000,000,000 600 Partners LLC's Estimated Assets: $10,000,001 to $50,000,000 600 Partners LLC's Estimated Liabilities: $500,000,001 to $1,000,000,000 The petitions were signed by Mark Shapiro as chief operating officer. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/ANA2Q5Q/Signal_National_LLC__txnbke-26-90190__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Vida Longevity Fund LP Judgment $11,813,932 (nka Obra Insurance Fund LP) 437 Madison Avenue 26th Floor New York, NY 10022 2. Vida Insurance Credit Judgment $7,097,714 Opportunity Fund III, LP 437 Madison Avenue 26th Floor New York, NY 10022 3. Vida Insurance Credit Judgment $7,088,354 Opportunity Fund II, LP 437 Madison Avenue 26th Floor New York, NY 10022 4. Heritage Travel and Tourism LTD Judgment $5,945,001 c/o Carlton Fields, P.A - Aaron Weiss 700 NW 1st Avenue Ste 1200 Miami, FL 33136 Email: aweiss@carltonfields.com 5. Infosys Limited Settlement $5,809,572 507 E Howard Ln Agreement Building 1, Suite 200 Austin, TX 78753 Email: invoicequeries@infosys.com 6. Aries Technology Assignment & $5,290,000 Email: tom@cfoservicesllc.com Acceptance 7. CP Boca Place, LLC Judgment $3,890,322 50 California St, Ste 3000 San Francisco, CA 94111 8. Scott Sidell Judgment $2,697,909 c/o Chirinos Law Firm PLLC 370 Camino Gardens Blvd., Suite 106 Boca Raton, FL 33432 Email: tchirinos@chirinoslawfirm.com 9. Design Center of the Americas Judgment $2,312,138 LLC 750 Lexington Ave 28th Floor New York, NY 10022 10. Mayer Brown LLP Trade Payable $1,264,897 311 W Monroe St, Ste 600 Chicago, IL 60606-9908 Email: payments@mayerbrown.com 11. Chillout Group Limited Trade Payable $1,029,846 Email: gm@grupomascardi.com 12. McDermott Will & Schulte Arbitration Award $881,100 919 Third Avenue New York, NY 10022 Email: remittanceNY@srz.com 13. Sap Fioneer USA LLC Trade Payable $727,500 2929 Arch Street, Suite 1700 Philadelphia, PA 19104 Email: businessoperations@sapfioneer.com 14. BDO USA PC Trade Payable $666,500 5300 Patterson Ave SE Suite 100 Grand Rapids, MI 49512 Email: ARLockbox@bdo.com 15. Quinn Emanuel Urquhart & Trade Payable $621,147 Sullivan 865 S Figueroa, St 10th Floor Los Angeles, CA 90017 Email: mariagil@quinnemanuel.com 16. Smartbox TV, Inc Nunchee Trade Payable $509,211 600 Brickell Ave, 19th Fl Miami, FL 33131 Email: lilian@fzsports.com 17. Ashley Huffman As Personal Settlement Agreement $500,000 Representative for the Estate of Craig Sienema c/o Law Offices of Daniel A Seigel, PA 2600 N. Military Trail Suite 260 Boca Raton, FL 33431 18. Inflight Canada Trade payable $489,637 4650 Boulevard Cote Vertu Ouest Montreal Quebec H4S 1CY Canada Email: bduplessis@inflightcanada.com 19. McGuireWoods LLP Trade payable $478,476 800 E. Canal Street Richmond, VA 23219 Email: jmorello@mcguirewoods.com 20. Leamington Insurance Advisors Trade payable $428,745 Ltd Ideation House 94 Pitts Bay Road Pembroke HM 09 Bermuda Email: kenr8444@googlemail.com 21. Riverside Risk Advisors LLC Trade payable $423,639 519 Eighth Avenue, 26th FL New York, NY 10018 22. Van Ness Feldman LLP Trade payable $358,801 1050 Thomas Jefferson St NW Ste 700 Washington, DC 20007 Email: ldr@vnf.com 23. 1221 Management LLC Trade payable $350,000 1221 Brickell Ave Miami, FL 33131 Email: jwood@1848capital.com 24. SAP America, Inc Trade payable $337,234 3999 West Chester Pike Newtown Square, PA 19073 Email: FinanceAR@sap.com 25. Norton Rose Trade payable $303,170 Fulbright Australia Level 5, 60 Martin Place Sydney NS 2000 Email: aucredit@nortonrosefulbright.com 26. Norton Rose Fulbright US LLP Trade payable $302,395 1301 Mckinney, Suite 5100 Houston, TX 77010 Email: cindy.crockett@nortonrosefulbright.com 27. Kroll LLC Trade payable $293,572 55 East 52nd St 17th Fl New York, NY 10055 Email: Victoria.Aydin@kroll.com 28. Apex Fund Services (Ireland) Trade payable $292,043 Limited 2nd Fl Block 5, Irish Life Centre Dublin D01 P767 Email: juliang@apexfunds.com.mt 29. Slarskey LLC Trade payable $278,189 767 Third Avenue 14th Fl New York, NY 10017 Email: payables@slarskey.com 30. Ernst & Young LLP (US) Trade payable $275,960 200 Plaza Drive, Suite 2222 Secaucus, NJ 07094 Email: michael.quinn1@ey.com SILVER GULCH: Section 341(a) Meeting of Creditors on September 1 ---------------------------------------------------------------- On July 31, 2026, Silver Gulch Brewing and Bottling, Co., Inc. filed for Chapter 11 protection in the District of Alaska. According to court filings, the Debtor reports between $1 million and $10 million in debt owed to between 1 and 49 creditors. A meeting of creditors under Section 341(a) set for September 1, 2026 at 10:00 AM at Trustee Telephonic 341 Meeting. Statement of Financial Affairs due by August 14, 2026. About Silver Gulch Brewing and Bottling, Co., Inc. Silver Gulch Brewing and Bottling, Co., Inc. is a Fairbanks, Alaska-based craft brewery and brewpub operator. The company operates its flagship brewpub and restaurant in Fox, Alaska, and maintains an additional operation at Ted Stevens Anchorage International Airport. Silver Gulch Brewing and Bottling, Co., Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Alaska Case No. 26-00190) on July 31, 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 Bankruptcy Judge Gary Spraker handles the case. The Debtor is represented by S. Jason Crawford, Esq. of Jason Crawford Law Office. 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 filed a petition under Chapter 11, Subchapter V of the 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: Committee Hires M3 Advisory as Financial Advisor ---------------------------------------------------------------- The official committee of unsecured creditors of Simad Holdings Ltd and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ M3 Advisory Partners, LP as financial advisor. The firm's services include: (a) reviewing and analyzing the Debtors' operations, financial condition, business plan, strategy, retentions, outstanding indebtedness and liabilities, and historical and go-forward operating forecasts; (b) assisting the Committee in evaluating any proposed debtor-in-possession financing or use of cash collateral; (c) reviewing the Debtors' cash management and intercompany accounting systems, practices, and procedures, as necessary; (d) advising the Committee in assessing the Debtors' executory contracts, including the impact of any assumption or rejection of contracts; (e) assisting and advising the Committee in connection with strategies to maximize recoveries for unsecured creditors; (f) assisting the Committee in evaluating, structuring, and negotiating the terms and conditions of the proposed plan of reorganization, or any alternative plan/transaction; (g) assisting and advising the Committee on its communications with the Debtors' unsecured creditors as a group regarding significant matters in these chapter 11 cases; (h) assisting the Committee in its analysis of the Debtors' plan of reorganization and related disclosure statement; (i) assisting the Committee and its legal counsel on any investigations of any acts or omissions of the Debtors, any of their stakeholders, or any third parties relating to the Debtors; (j) analyzing the Debtors' assets and liabilities; (k) identifying and/or reviewing potential preference payments, fraudulent conveyances, alter ego, breach of duty, aiding and abetting and other causes of action each individual Debtor's estate may hold, including by providing forensic accounting advisory services as requested; (l) assisting in the evaluation of any asset sale process, including historical and projected financial and operational information provided (or to be provided) to prospective bidders, assessing potential buyers, and evaluating terms, conditions, and impact of any asset sale transactions proposed by the Debtors; (m) assisting in the evaluation of any potential financial statement adjustments, quality of earnings or other reports, or potential carve-outs; (n) reviewing and evaluating pleadings filed with the Court, as appropriate; (o) providing testimony, as required, in any proceeding before this Court; and (p) rendering such other services incidental and ancillary to the foregoing and such other services that the Committee or its counsel may deem necessary, consistent with the role of a financial advisor, or as otherwise agreed to by M3 Partners and the Committee in writing. The firm will be paid at these hourly rates: Managing Partner $1,500 Senior Managing Director $1,390 Managing Director $1,150 - $1,290 Senior Director $1,120 Director $940 - $1,060 Vice President $840 Senior Associate $725 Associate $615 Analyst $500 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Winning disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Robert Winning M3 Advisory Partners, LP 1700 Broadway, 19th Floor New York, NY 10019 Tel: (212) 202-2200 About of 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 SIMAD HOLDINGS: Committee Hires Robinson & Cole as Co-Counsel ------------------------------------------------------------- The official committee of unsecured creditors of Simad Holdings Ltd and affiliates seeks approval from the U.S. Bankruptcy Court for the District of New Jersey to employ Robinson & Cole LLP as co-counsel. The firm's services include: a. advising the Committee with respect to its powers and duties under the Bankruptcy Code, the Federal Rules of Bankruptcy Procedures (the "Bankruptcy Rules"), and the Local Rules for the United States Bankruptcy Court for the District of New Jersey (the "Local Rules"); b. assisting and advising the Committee in evaluating the Debtors' Chapter 11 filing; c. assisting and advising the Committee in its discussions with the Debtors and other parties-in-interest regarding the overall administration of these Chapter 11 Cases; d. assisting and advising the Committee in its examination and analysis of the conduct of the Debtors' affairs; e. analyzing, advising, and representing the Committee with regard to any causes of action belonging to the Debtors' estates, including, without limitation, reviewing and investigating pre-petition transactions in which the Debtors and/or its insiders were involved, pre-petition contracts and other arrangements to which the Debtors were parties; f. assisting, advising, and representing the Committee in analyzing and investigating the acts, conduct, assets, liabilities, corporate structure, and financial condition of the Debtors, including, without limitation, the Debtors' financial disclosures and related matters, the Debtors' operations, the desirability of the continuance of those operations, and any other matters relevant to this case; g. reviewing and analyzing pleadings, orders, schedules, and other documents filed and to be filed with this Court by interested parties in these Chapter 11 cases; advising the Committee as to the necessity, propriety, and impact of the foregoing upon this case; and responding, including consenting or objecting, to pleadings or orders on behalf of the Committee, as appropriate; h. assisting the Committee in preparing such applications, motions, memoranda, proposed orders, and other pleadings as may be required in support of positions taken by the Committee, including all trial preparation as may be necessary; i. representing the Committee at hearings to be held before this Court, any appellate courts, the UST, and communicating with the Committee regarding the matters heard and the issues raised as well as the decisions and considerations of this Court; j. conferring with the professionals retained by the Debtors and other parties-in-interest, as well as with such other professionals as may be selected and employed by the Committee; k. coordinating the receipt and dissemination of information prepared by and received from the Debtors' professionals, as well as such information as may be received from professionals engaged by the Committee, or other parties-in-interest in this case; l. participating in such examinations of the Debtors and other witnesses as may be necessary in connection with these Chapter 11 Cases; m. negotiating and formulating any plan of reorganization for the Debtors that may be proposed in these cases; n. assisting the Committee generally in performing such other services as may be desirable or required for the discharge of the Committee's duties pursuant to section 1103 of the Bankruptcy Code; o. assisting in filing all necessary pleadings and ensuring compliance with the applicable local rules and requirements; p. assisting the Committee and providing advice concerning the proposed sale and liquidation of the Debtors' assets, including, without limitation, real property, personal property (including equipment), and intangible assets of every kind and nature (including intellectual property and royalty streams), and addressing issues concerning potential competing bidders and the auction process; and q. performing such other legal services as may be required or are otherwise deemed to be in the interests of the Committee in accordance with the Committee's powers and duties as set forth in the Bankruptcy Code, Bankruptcy Rules, or other applicable law. The firm will be paid at these hourly rates: Rachel Mauceri, Partner $1,350 Brya Keilson, Partner $1,350 Evan Lazerowitz, Counsel $1,160 Destiney Parker-Thompson, Associate $700 Amanda Donato, Associate $525 Alyssa Merkey, Paralegal $540 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Pursuant to Part D1 of the 2013 UST Guidelines, the firm is seeking employment as co-counsel for the Committee under sections 328 and 1103 of the Bankruptcy Code and hereby provides the following responses set forth below: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Response: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Response: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12-months prepetition. If your billing rates and material financial terms have changed postpetition, explain the difference and reasons for the difference. Response: The firm did not represent the client in the 12-month period prepetition. The billing rates for the firm are disclosed in the Application and are subject to periodic adjustment in accordance with the Firm's practice. Question: Has your client approved your prospective budget and staffing plan, and, if so, for what budget period? Response: The Committee and the firm, in its capacity as co-counsel to the Committee, anticipate preparing a budget and staffing framework to address requests from the U.S. Trustee, comply with any required disclosures, and satisfy any directives issued by the Court. Given the evolving nature of these chapter 11 cases, the Committee and the firm also acknowledge that circumstances may arise that necessitate work beyond what can presently be anticipated, resulting in additional fees and expenses. Ms. Keilson disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Evan M. Lazerowitz, Esq. Rachel Jaffe Mauceri, Esq. Brya M. Keilson, Esq. ROBINSON & COLE LLP 666 Third Avenue, 20th Floor New York, New York 10017 Telephone: (212) 451-2900 Email: elazerowitz@rc.com rmauceri@rc.com bkeilson@rc.com 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 SIRIUS XM: S&P Affirms 'BB+' Rating on Senior Secured Debt ---------------------------------------------------------- S&P Global Ratings affirmed its 'BB+' issue-level rating on Sirius XM Radio LLC's senior unsecured notes and revised the recovery rating to '3' from '4'. This revision follows the company's early repayment of its senior secured incremental term loan, which increases the collateral value available for unsecured noteholders in a hypothetical default scenario. The '3' recovery rating indicates S&P's expectation for meaningful (50%-70%; rounded estimate: 50%) recovery of principal in the event of a payment default. Issue Ratings--Recovery Analysis Key analytical factors -- Sirius XM Radio LLC is the borrower of a $2 billion senior secured revolving credit facility maturing in 2030 and $8.8 billion of senior unsecured notes with maturities of 2027-2032. -- The revolving credit facility is secured by a lien on substantially all of Sirius XM Radio LLC's assets and those of its material domestic subsidiaries (subject to certain exceptions). -- The revolving credit facility and senior unsecured notes are guaranteed by certain material domestic subsidiaries of Sirius XM Radio LLC, including Pandora Media LLC and its subsidiaries. -- Sirius XM Inc. (Sirius XM Radio LLC's direct parent) also guarantees the debt. -- Sirius XM Holdings Inc. (the ultimate parent) is the borrower of $575 million of 3.75% convertible senior notes due in 2028 (not rated). The convertible senior notes are structurally subordinated to Sirius XM Radio LLC's senior unsecured notes. Simulated default assumptions -- S&P's simulated default scenario contemplates a default occurring in 2031 due to a combination of the following factors: a sharp decline in auto sales or cancellation of its distribution agreements with automakers; elevated subscriber churn; increased competition from free or alternative media distribution channels; and the nonrenewal of key programming contracts on expiration. -- Other default assumptions include an 85% draw on the revolving credit facility, the spread on the revolving credit facility rises to 5% as covenant amendments are obtained, and all debt amounts include six months of prepetition interest. -- S&P values Sirius XM on a going-concern basis using a 6.5x multiple of our projected emergence EBITDA, which is 1.0x higher than the multiple it uses for iHeartMedia Inc. (the largest terrestrial radio broadcaster in the U.S.) to reflect the company's high percentage of recurring subscription revenue and lower exposure to cyclical advertising revenue. Simplified waterfall -- EBITDA at emergence: $1.1 billion -- EBITDA multiple: 6.5x -- Gross recovery value: $7 billion -- Net recovery value (after 5% administrative expenses): $6.6 billion -- Value available for senior secured debt: $6.6 billion -- Estimated senior secured debt: $1.8 billion --Recovery expectations: 90%-100% (rounded estimate: 95%)* -- Value available for senior unsecured debt: $4.9 billion -- Estimated senior unsecured debt: $9 billion --Recovery expectations: 50%-70% (rounded estimate: 50%) *The recovery prospects for the creditors of issuers rated 'BB+' and 'BB', which are assumed to be further away from any hypothetical default, may be less predictable and more variable than those of lower-rated issuers. Given this, the ratings on debt issued by companies that S&P rates 'BB+' are not typically notched up more than once (above the issuer credit rating), regardless of the recovery rating. SKILLSOFT CORP: S&P Downgrades ICR to 'CCC+', Outlook Negative -------------------------------------------------------------- S&P Global Ratings lowered all its ratings on Skillsoft Corp., including its issuer credit rating and issue-level rating on its term loan, to 'CCC+' from 'B-'. The negative outlook reflects historical revenue declines, inconsistent free cash flow generation, and refinancing risk given its 2028 maturities. Skillsoft faces heightened refinancing risk as it enters a narrow window to prove the viability of its standalone TDS business before its term-loan obligations mature in 2028. S&P said, "Skillsoft faces high leverage and an upcoming 2028 maturity. While we expect the remaining Talent Development Solutions (TDS) segment to have stable revenues and with better EBITDA margins, we don't view the divestment of the negative EBITDA Global Knowledge (GK) business as sufficient improvement to the company's business profile. "Given minimal free operating cash flow (FOCF) generation, high leverage, and a tough business environment within corporate digital learning space, we view the capital structure as unsustainable. "Despite the resolution of uncertainty around GK, Skillsoft continues to underperform the software industry and the corporate digital learning end market. We don't expect cash flow metrics to improve meaningfully despite the elimination of GK's drag on cash flow generation. Furthermore, we expect future interest rates following a potential refinancing to be higher, placing further pressure on free cash flow. This increases the risk that the company's upcoming maturities will not be refinanced at par. "We view the divestiture of GK--a structurally declining, negative-EBITDA business-- as a necessary defensive move to simplify the business and focus on the higher-margin TDS platform. "We expect fiscal 2027 revenues to settle near $400 million following the divestment. Additionally, sale proceeds from the GK divestment (to Enduring Ventures) are minimal and cannot meaningfully deleverage the balance sheet. We expect S&P Global Ratings-adjusted leverage to remain high in the 7x area and for free operating cash flow (FOCF) to be in the $10 million - $20 million range over the next 12 months." While Skillsoft has demonstrated selective operational progress under new leadership since 2024, these improvements may be insufficient to improve its credit profile. The TDS segment's revenues have stabilized to flat year-over-year for fiscal year 2026. The company has also executed cost synergies representing about 10% of the operating expense base. TDS' trailing-12-month dollar retention rate has remained relatively steady, in the 98%-100% range, and the company secured notable wins in AI-catalyzed workforce transformation. Additionally, the company maintains adequate liquidity for the next twelve months with approximately $115 million cash as of April 2026 and access to a $75 million accounts receivable facility. S&P said, "We also expect EBITDA margins to improve toward 20% in fiscal 2027 as the higher-margin TDS business becomes the sole focus. Ultimately, however, we do not believe these operational gains will result in a material improvement in financial metrics before the 2028 term loan maturities come due." The negative outlook reflects historical revenue declines, inconsistent free cash flow generation, and refinancing risk given its 2028 maturities. S&P could lower the rating on Skillsoft if it believes the potential for a distressed transaction or conventional default over the next 12 months has increased or as the maturity date of the company's debt approaches. This could occur due to competitive pressures, macroeconomic headwinds, or AI-related disruption to its TDS business, resulting in revenue declines and FOCF after debt service turning negative. S&P could revise the outlook to stable or raise the rating on Skillsoft if it improves revenues, EBITDA, FOCF, and leverage metrics as well as refinances its 2028 maturities. SLEEP NUMBER: Jane Street Group Cuts Stake Below 5% --------------------------------------------------- Jane Street Group, LLC -- together with Jane Street Capital, LLC and Jane Street Global Trading, LLC -- disclosed in a Schedule 13G (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, they beneficially own 452,013 shares of Sleep Number Corp's Common Stock, par value $0.01, with shared voting power and shared dispositive power over all 452,013 shares, and no sole voting or dispositive power, representing 2% of the Common Stock. Breakdown: * Jane Street Capital, LLC: 451,999 shares (2.0%) * Jane Street Global Trading, LLC: 14 shares The Amendment reports ownership of 5% or less of a class. Jane Street Capital, LLC, and Jane Street Global Trading, LLC, are subsidiaries of Jane Street Group, LLC. Jane Street Group, LLC (and related reporting persons) may be reached through: Jeremy Kahn (Authorized Signatory) 250 Vesey Street 3rd Floor New York, NY 10281 Tel: 212-651-6069 A full-text copy of the Jane Street Group, LLC's SEC Report is available at https://tinyurl.com/msdtshs4. About Sleep Number Corp. Sleep Number Corp., based in Minneapolis, Minnesota, is a leader in personalized sleep wellness. Its mattresses are designed to evolve with each sleeper to help them feel and perform their best. With adjustable firmness, pressure-relieving support, and temperature-balancing comfort built into every mattress, Sleep Number beds adapt to customers' changing needs, night after night, year after year. Sleep Number Corp. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-11399) on June 12, 2026. In its petition, the Debtor reports estimated assets between $500 million and $1 billion and estimated liabilities between $1 billion and $10 billion. Honorable Bankruptcy Judge Kyu Young Paek handles the case. The Debtor is represented by Brian Resnick, Esq., of Davis Polk & Wardwell LLP. SMOK CIGAR: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S.s Bankruptcy Court for the District of Nevada granted Smok Cigar Lounge, LLC's emergency motion for interim use of cash collateral. Under the interim order, the Debtor is authorized to use cash collateral from the petition date through August 19 but only in the ordinary course of business and in accordance with the budget. The Debtor may make a 10% aggregate variance per month from the budget. The Debtor is prohibited from granting any mortgage, deed of trust, security interest, or lien that is senior or equal to existing pre-petition security interests. The order does not determine the validity, priority, enforceability, or value of any prepetition lien or claim, and all parties retain their rights to challenge those issues at the final hearing. The final hearing is scheduled for August 19, at 9:30 a.m., and any objection to final approval must be filed by August 17. A copy of the court's order and the Debtor's budget is available at https://h1.nu/1Bgl6 from PacerMonitor.com. About Smok Cigar Lounge LLC Smok Cigar Lounge, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nevada Case No. 26-14267) on July 7, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Mike K. Nakagawa presides over the case. Matthew C. Zirzow, Esq., at Larson and Zirzow, LLC represents the Debtor as legal counsel. SOLIGENIX INC: Q2 Net Loss Narrows to $1.99M; Flags Going Concern ----------------------------------------------------------------- Soligenix, 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, reporting a net loss of $1,987,354 for the three months ended June 30, 2026, as compared to a net loss of $2,701,976 for the same prior year period, representing decreased net loss of $714,622. This decrease in net loss was primarily due to a decrease in research and development expenses associated with the terminated FLASH2 trial and related HyBryte(TM) development activities. For the six months ended June 30, 2026, the Company had a net loss of $4,812,319 as compared to a net loss of $5,653,244 for the same prior year period, representing decreased net loss of $840,925. This decrease in net loss was primarily due to a decrease in research and development expenses associated with the terminated FLASH2 trial and related HyBryte(TM) development activities, and the completed Phase 2 study in BD. The Company had no revenue for the three and six months ended June 30, 2026 and 2025, respectively. Research and development expenses were $974,091 for the three months ended June 30, 2026 as compared to $1,677,014 for the same period in 2025, representing a decrease of $702,923. The decrease was primarily due to decreases in costs associated with the terminated FLASH2 trial and related HyBryte(TM) development activities. Research and development expenses were $2,756,391 for the six months ended June 30, 2026 as compared to $3,618,694 for the same period in 2025, representing a decrease of $862,303. The decrease was primarily due to decreases in costs associated with the terminated FLASH2 trial and related HyBryte(TM) development activities, and the completed Phase 2 study in BD. General and administrative expenses of $1,125,372 for the three months ended June 30, 2026, as compared to $1,086,865 for the same period in 2025, were relatively flat with a de minimis increase of $38,507. General and administrative expenses of $2,227,910 for the six months ended June 30, 2026, as compared to $2,171,693 for the same period in 2025, were relatively flat with a de minimis increase of $56,217. Interest income, net for the three months ended June 30, 2026 was $53,598 as compared to $69,823 for the same period in 2025, representing a decrease of $16,225. The decrease is primarily associated with lower cash balances and decreasing interest rates. Interest income, net for the six months ended June 30, 2026 was $114,987 as compared to $145,851 for the same period in 2025, representing a decrease of $30,864. The decrease is primarily associated with lower cash balances and decreasing interest rates. Financial Condition Cash and Working Capital As of June 30, 2026, the Company had cash and cash equivalents of $9,811,141 as compared to $7,936,153 as of Dec. 31, 2025, representing an increase of $1,874,988. As of June 30, 2026, the Company had working capital of $6,499,947 as compared to working capital of $5,149,732 as of Dec. 31, 2025, representing an increase of $1,350,215. The increase in cash and cash equivalents was primarily related to cash proceeds received from at-the-market sales of shares of the Company's common stock offset by issuance costs and cash used in operating activities during the six months ended June 30, 2026. Based on the Company's operating budget, current rate of cash outflows, and cash on hand, the Company believes that it has cash runway to support development activities, business operations, and meet its obligations into the second quarter of 2028. However, as of the date of the filing, the Company continues to explore various strategic alternatives but has not consummated any transaction or obtained any additional program assets to develop which raises substantial doubt about the Company's ability to continue as a going concern. To mitigate the conditions that raise substantial doubt about the Company's ability to continue as a going concern, the Company's plans include securing: * additional capital, potentially through a combination of public or private equity offerings and strategic transactions, including potential alliances and drug product collaborations; * additional proceeds from government contract and grant programs; and * additional proceeds from ATM sales of shares of the Company's common stock via an At Market Issuance Sales Agreement with Rodman & Renshaw LLC. In January 2026, the Company entered into the Rodman Sales Agreement to sell shares of its common stock from time to time through ATM sales. The Rodman Sales Agreement originally provided for the offer and sale of shares of common stock having aggregate potential gross proceeds of up to approximately $3.5 million. In May 2026, the Company filed a prospectus supplement to increase the maximum aggregate offering amount of the shares of its common stock issuable under the Rodman Sales Agreement by an additional aggregate amount of approximately $3 million. In June 2026, the Company filed another prospectus supplement to increase the maximum aggregate offering amount of the shares of its common stock issuable under the Rodman Sales Agreement by an additional aggregate amount of $2.5 million. As of June 30, 2026, the Company sold approximately $6,234,000 of shares of common stock pursuant to the Rodman Sales Agreement under prior prospectus supplements. From July 1, 2026 through July 31, 2026, the Company issued 128,000 shares of common stock pursuant to the Rodman Sales Agreement with a weighted average fair value of $0.40 per share. As of July 31, 2026, the Company has aggregate potential capacity of approximately $2.4 million remaining on its ATM facility under the Current Prospectus Supplement. While the Rodman Sales Agreement is in place, none of the other funding alternatives are currently committed. There is no assurance that the Company will be successful in securing sufficient financing on acceptable terms, if at all, to continue operations, enter into strategic transactions that provide the necessary capital, or implement other strategies to mitigate the substantial doubt about the Company's ability to continue as a going concern. Failure to obtain adequate capital when needed may force the Company to delay, reduce, or eliminate business development efforts, negatively impacting its ability to achieve its objectives, remain competitive, and maintain its financial condition and operating results. Additionally, macroeconomic and geopolitical uncertainties may further restrict access to capital, exacerbating liquidity challenges. Furthermore, concerns regarding the Company's ability to continue as a going concern could negatively impact relationships with business partners, vendors, and other stakeholders. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business, and do not include any adjustments relating to recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's plans with respect to its liquidity management include, but are not limited to, the following: * The Company plans to submit additional contract and grant applications for further support of its programs with various funding agencies. However, there can be no assurance that the Company will obtain additional governmental grant funding. * The Company will continue to use equity instruments to provide a portion of the compensation due to vendors and collaboration partners. * The Company will continue to pursue Net Operating Loss sales in the state of New Jersey pursuant to its Technology Business Tax Certificate Transfer Program, if the program remains available and the Company remains eligible. * The Company plans to pursue potential partnerships for pipeline programs as well as continue to explore merger and acquisition strategies. However, there can be no assurances that the Company can consummate such transactions. * The Company is currently evaluating additional equity/royalty/debt financing opportunities on an ongoing basis and may execute them when appropriate. However, there can be no assurances that the Company can consummate such a transaction, or consummate a transaction at favorable pricing. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/424ubysd. About Soligenix Soligenix, Inc., headquartered in Princeton, New Jersey, is a late-stage biopharmaceutical company developing and commercializing treatments for rare diseases. The Company operates two segments: Specialized BioTherapeutics, advancing HyBryte (synthetic hypericin sodium) for cutaneous T-cell lymphoma through photodynamic therapy, and Public Health Solutions, which develops vaccines and therapeutics for infectious diseases, including ricin toxin, filoviruses, and COVID-19. The Company is conducting a second Phase 3 study, FLASH2, with top-line results expected in the second half of 2026, after which it plans to pursue potential global regulatory approvals. In its March 31, 2026 audit report, Cherry Bekaert LLP issued a "going concern" qualification, noting that the Company's recurring losses and negative cash flows from operations raise substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company had $10,499,470 in total assets, $3,853,913 in total liabilities, and $6,645,557 in total stockholders' equity. SOUTHERN TRACE: Case Summary & 12 Unsecured Creditors ----------------------------------------------------- Debtor: Southern Trace, LLC d/b/a Sourthern Trace Roofing LLC 5694 Roanoke Road Troutville, VA 24175 Business Description: Southern Trace LLC is a residential construction and general contracting company that builds custom homes and provides roofing, remodeling, home-addition and other home-improvement services. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Western District of Virginia Case No.: 26-70837 Debtor's Counsel: Robert S. Westermann, Esq. SPOTTS FAIN PC 411 E. Franklin Street, Suite 600 Richmond, VA 23219 Tel: (804) 697-2000 E-mail: rwestermann@spottsfain.com Estimated Assets: $50,000 to $100,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Randy L. Martin as managing member. A full-text copy of the petition, which includes a list of the Debtor's 12 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/RP33M4Y/Southern_Trace_LLC__vawbke-26-70837__0001.0.pdf?mcid=tGE4TAMA SPANISH BROADCASTING: Seeks FCC Nod for Full Foreign Ownership -------------------------------------------------------------- InsideRadio reports that Spanish Broadcasting System (SBS) is seeking Federal Communications Commission approval for a major ownership overhaul as it works to emerge from Chapter 11 bankruptcy. The broadcaster has asked the FCC to authorize up to 100% foreign ownership of both the equity and voting interests in the reorganized company. The proposed restructuring would eliminate CEO Raúl Alarcon's longstanding voting control and transfer ownership to former SBS creditors. Under SBS's prepackaged Chapter 11 plan, all existing shares would be canceled and replaced with new common stock issued to debt holders. The restructuring is intended to substantially reduce the company's debt and interest expenses and strengthen its financial position. Alarcón currently holds or controls nearly all of SBS’s Class B shares, which carry 10 votes per share, giving him roughly 35% of the equity but about 81% of the voting power, the report states. The reorganization would create a widely distributed ownership structure led by investment funds. Brigade Capital Management-managed funds are expected to hold about 42% of SBS, followed by Man Group/Bardin Hill at 20%, H.I.G. Capital at 10%, Concise Capital at 9% and MetLife-managed investments at approximately 6%. Collectively, the five groups would control about 87% of the reorganized broadcaster. SBS estimates that foreign investors would own 67.15% of its equity and 64.13% of its voting interests after the restructuring, according to InsideRadio. SBS previously received FCC approval in 2023 to permit foreign investors to hold up to 49.99% of its equity, although comparable voting authority was not granted. The company now says its circumstances have changed because of the bankruptcy restructuring and argues that expanded foreign ownership authority is necessary to complete the reorganization. SBS maintains that the proposed investors present no national security, trade policy or law enforcement concerns and that FCC approval would support its emergence from Chapter 11 with a stronger balance sheet, according to report. About Spanish Broadcasting System Spanish Broadcasting System Inc. operates Spanish-language radio stations and media properties serving Hispanic communities across the U.S. and Puerto Rico. The company's business includes radio broadcasting, digital advertising, music programming and live entertainment initiatives. Through its portfolio of stations and online brands, the company delivers music, news, talk and cultural programming tailored to Latino listeners. Spanish Broadcasting System and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 26-10708) on May 11, 2026. In its petition, Spanish Broadcasting System disclosed estimated assets and liabilities between $100 million and $500 million each. The case is jointly administered in Case No. 26-10708. Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtors are represented by Robert J. Dehney, of Morris, Nichols, Arsht & Tunnell. Fried, Frank, Harris, Shriver & Jacobson LLP was retained as general bankruptcy counsel, while GLC Advisors & Company is serving as investment banker. Financial advisory and chief restructuring officer duties are being handled by Riveron Management Services LLC and Jesse York, and Kroll Restructuring Administration LLC is serving as claims agent and administrative advisor. SPHERE 3D: Adopts Shareholder Rights Plan Agreement --------------------------------------------------- Sphere 3D Corp. said in a regulatory filing with the Securities and Exchange Commission that, on Aug. 7, 2026, the board of directors adopted a shareholder rights plan agreement and authorized the issuance of one right for each outstanding Voting Share of the Corporation as of the Close of Business on Aug. 20, 2026, which is the date that is 10 days after the effective date of the Rights Agreement, and one Right for each Voting Share issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time. Each Right entitles its holder, from and after the Separation Time, to purchase securities from the Corporation pursuant to the conditions set forth in the shareholder rights plan agreement, dated as of Aug. 10, 2026, by and between the Corporation and TSX Trust Company, a Canadian trust company, as rights agent. A summary of certain provisions of the Rights Agreement follows. The Rights Agreement is intended to ensure, to the extent possible, that all shareholders of the Corporation are treated fairly in connection with any Take-over Bid for the Corporation. A "Take-over Bid" is defined as an offer to acquire Voting Shares and/or Convertible Securities that, if acquired and Beneficially Owned by the Offeror, together with the Offeror's Securities, would constitute 20% or more of the outstanding Voting Shares at the time of the offer. The Rights Agreement sets out which Persons shall be deemed to be the "Beneficial Owner" of, and to have "Beneficial Ownership" of, and to "Beneficially Own" securities, generally being: (i) any securities as to which such Person (or any of such Person's associates or affiliates) is the owner at law or in equity, including beneficial ownership determined pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, as amended; (ii) certain securities as to which such Person has the right to become the owner at law or in equity, whether such right is exercisable immediately or within a period of 60 days thereafter; (iii) any securities that are subject to a lock-up agreement; (iv) securities subject to derivative transactions that provide the economic equivalent of ownership or an opportunity to profit from changes in the value of such securities, including certain securities held by a derivatives counterparty; (v) securities subject to arrangements that the Board determines in good faith have the primary purpose or effect of avoiding or circumventing the Rights Agreement or substantially the same economic or practical effect as Beneficial Ownership; and (vi) securities Beneficially Owned by Persons acting jointly or in concert. The Rights Agreement also sets out those circumstances in which a Person shall not be deemed the "Beneficial Owner" of, or to have "Beneficial Ownership" of, or to "Beneficially Own," any security. The Rights. The Rights will attach to any Common Shares and other securities of the Corporation that allow holders to vote in the election of the Board which are issued and outstanding at the Record Time, and to any Voting Shares issued after the Record Time and prior to the earlier of the Separation Time and the Expiration Time. Certificates representing Voting Shares issued prior to the earlier of the Separation Time and the Expiration Time will also evidence one Right for each Voting Share and, following the effective date of the Rights Agreement, will include a legend referencing the Rights Agreement. Voting Shares issued and registered in Book Entry Form will similarly evidence, in addition to Voting Shares, one Right for each Voting Share, and the registration record of such Voting Shares will include a legend referencing the Rights Agreement (adapted accordingly as the Rights Agent may reasonably require). Exercise Price; Exercise Rights; Detachment of Rights. Subject to certain adjustments, each Right will entitle the holder thereof, from and after the Separation Time and prior to the Expiration Time, to purchase one common share of the Corporation, including any future subdivisions, consolidations, reclassifications or changes, for the "Exercise Price", which (subject to any adjustments under the Rights Agreement) is defined as: * until the Separation Time, an amount equal to three times the average of the daily closing prices per Common Share over the 20 consecutive trading days before the date of determination, per Common Share; and * from and after the Separation Time, an amount equal to three times the Market Price, as at the Separation Time, per Common Share. Pursuant to the Rights Agreement, a Permitted Bid is defined as a Take-over Bid made by an Offeror to all shareholders of the Corporation (excluding the Offeror) by way of a take-over bid circular; provided, however, that the Take-over Bid remains open for at least 105 days (or such permitted shorter minimum period) and can only take up Voting Shares and/or Convertible Securities (which are defined as securities issued by the Corporation that allow the holder to acquire Voting Shares or other securities that can be converted into Voting Shares) if more than 50% of the Voting Shares held by Independent Shareholders have been deposited and not withdrawn. Such Take-over Bid must allow for shareholders of the Corporation to tender or withdraw their securities at any time before they are taken up and paid for. If the condition that more than 50% of the Voting Shares held by Independent Shareholders have been deposited is met, the Offeror must publicly announce that fact and have the Take-over Bid remain open for deposits for at least 10 days from the date of such public announcement. If a Take-over Bid fails to meet any such conditions at any time, it ceases to be a Permitted Bid. The Rights Agreement defines a "Competing Permitted Bid" as a Take-over Bid made after a Permitted Bid or another Competing Permitted Bid and before their expiry, termination or withdrawal of such Permitted Bid or Competing Permitted Bid. A Competing Permitted Bid is subject to the same criteria as a Permitted Bid, other than the 105-day minimum deposit period requirement. A Competing Permitted Bid must include a condition that no securities will be taken up or paid for pursuant to such Take-over Bid prior to the Close of Business on the last day of the minimum initial deposit period that such Take-over Bid must remain open for deposits of securities thereunder pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids after the date of the Take-over Bid constituting the Competing Permitted Bid. If a Take-over Bid fails to meet any such conditions at any time, it ceases to be a Competing Permitted Bid. The Rights are not exercisable until the Separation Time, which occurs, subject to certain exceptions, at the later of (A) the Record Time and (B) the Close of Business on the tenth trading day after the earlier of (as the case may be, the "Separation Time"): * the first date of public announcement or disclosure by the Corporation or an "Acquiring Person", which is defined as a Person who is the Beneficial Owner of 20% or more of the then-outstanding Voting Shares (subject to certain exceptions, including those described below), of facts indicating that a Person has become an Acquiring Person (the "Share Acquisition Date"); * the date of the commencement of, or first public announcement or disclosure of the intent of any Person (other than the Corporation or any subsidiary thereof) to commence, a Take-over Bid (other than a Permitted Bid or Competing Permitted Bid, so long as such Take-over Bid continues to satisfy the requirements of a Permitted Bid or Competing Permitted Bid), and the date on which a Permitted Bid or Competing Permitted Bid ceases to qualify as a Permitted Bid or Competing Permitted Bid, as applicable, or such later date as may be determined by the Board in good faith. An Acquiring Person does not include: * the Corporation or any subsidiary thereof; * any Person (subject to certain limitations) who becomes the Beneficial Owner of 20% or more of the then outstanding Voting Shares as a result of any one or a combination of: * an acquisition or redemption by the Corporation of Voting Shares and/or Convertible Securities which, by reducing the then-total number of outstanding Voting Shares or Convertible Securities, increases the proportionate percentage of Voting Shares Beneficially Owned by any Person; * the purchase of Voting Shares and/or Convertible Securities under a Permitted Bid or Competing Permitted Bid (a "Permitted Bid Acquisition"); * an acquisition by a Person of Voting Shares and/or Convertible Securities: (i) in respect of which the Board has waived the application and consequences of a transaction pursuant to which any Person becomes an Acquiring Person; (ii) made as an intermediate step in a series of related transactions in connection with an acquisition by the Corporation or one of its subsidiaries of a Person or assets (subject to certain requirements); or (iii) through an amalgamation, merger, arrangement, business combination, or other similar transaction that has been approved by the Board and that is conditional upon shareholder approval (each such acquisition, an "Exempt Acquisition"); * an acquisition by a Person of Voting Shares through the purchase, exercise, conversion or exchange of Convertible Securities that were acquired or received by such Person pursuant to a Permitted Bid Acquisition, an Exempt Acquisition or a Pro Rata Acquisition; or * an acquisition by a Person of Voting Shares and/or Convertible Securities pursuant to: (i) a prescribed dividend reinvestment plan; (ii) a stock dividend, stock split, or other event pursuant to which such Person becomes the Beneficial Owner of Voting Shares and/or Convertible Securities on the same pro rata basis as all other holders of Voting Shares of the same class or series; (iii) the acquisition or exercise of rights to purchase Voting Shares and/or Convertible Securities that are distributed directly by the Corporation to such Person as part of a rights offering to all holders of a specific class or series of securities; provided, however, in each case, that such Person does not thereby acquire a greater percentage of Voting Shares or Convertible Securities than they owned prior to the acquisition; or (iv) a distribution of Voting Shares and/or Convertible Securities pursuant to a prospectus, private placement, conversion or exchange of any Convertible Security; * for a period of five days following the Disqualification Date, any Person who becomes the Beneficial Owner of 20% or more of the outstanding Voting Shares due to disqualification from relying on certain Beneficial Owner exceptions solely because such Person is making or has announced a current intention to make a Take-over Bid, unless such disqualified Person, during such five-day period, acquires additional Voting Shares; * an underwriter or a member of a banking or selling group that becomes the Beneficial Owner of 20% or more of the Voting Shares in connection with a distribution of securities of the Corporation pursuant to a prospectus or by way of a private placement; or * a Person who Beneficially Owns more than 20% of the outstanding Voting Shares at the time of the public announcement of the Rights Agreement; provided, however, that this exception ceases to apply if, after such public announcement, such Person: (i) ceases to own more than 20% of the outstanding Voting Shares or (ii) becomes the Beneficial Owner of any additional Voting Shares, other than pursuant to certain specified exempt acquisitions. The Rights Agreement also provides that a Person who would otherwise become an Acquiring Person inadvertently and without any intention of changing or influencing control of the Corporation will not be deemed to be or to have become an Acquiring Person if the Board makes the determinations and such Person takes the remedial actions specified in the Rights Agreement, including promptly divesting sufficient Voting Shares or, in the case of certain derivative positions, terminating or disposing of the applicable derivative position. The Board may waive the applicable divestiture requirement on such terms and conditions as it determines in good faith are advisable. Until the Separation Time, each Right will be evidenced by the certificate for the associated Voting Share registered in the name of the holder, or by Book Entry Form for the associated Voting Share, and will be transferable only together with such Voting Share. From and after the Separation Time and prior to the Expiration Time, the registration and transfer of Rights will be separate from and independent of Voting Shares. Expiration Time. The Rights will expire at the earliest of: (i) the time at which the right to exercise the Rights terminates pursuant to the redemption, waiver, or termination provisions of the Rights Agreement, (ii) the time at which the Rights are exchanged and (iii) the Close of Business on Aug. 10, 2027. Flip-in Event. Subject to certain exceptions, in the event that prior to the Expiration Time a Flip-in Event occurs, each holder of a Right (other than the Acquiring Person, any of its affiliates or associates or certain transferees of such Acquiring Person or of any such affiliate or associate, whose Rights automatically become null and void), will have the right to purchase, for the Exercise Price, Common Shares having a value equal to two times the Exercise Price of the Right, effective from and after the Close of Business on the tenth trading day following the Share Acquisition Date. Exchange. At any time after a Flip-in Event, the Board may, at its option, exchange all or part of the then outstanding and exercisable Rights, other than Rights that have become null and void, for Common Shares at an exchange ratio of one Common Share per Right, subject to customary adjustment. The Board may not effect such an exchange after an Acquiring Person, together with its affiliates and associates, becomes the Beneficial Owner of 50% or more of the outstanding Common Shares. Immediately following the Board's determination to effect an exchange, the right to exercise the Rights subject to the exchange will terminate, and the holders of such Rights will thereafter only be entitled to receive the applicable Common Shares. Adjustments to Exercise Price; Number of Rights. The Exercise Price, the number and kind of securities subject to purchase upon exercise of each Right and the number of Rights outstanding are subject to customary anti-dilution adjustments, as described in the Rights Agreement. With certain exceptions, no adjustment in the Exercise Price will be required unless such adjustment would require an increase or decrease of at least 1% in such Exercise Price. No fractional Rights will be issued. No fractional Common Shares will be issued upon exercise of the Rights; in lieu thereof, the Corporation will pay a cash adjustment based on the Market Price of one Common Share at the date of such exercise. Redemption. At any time prior to the later of the Share Acquisition Date and the Separation Time, the Board acting in good faith may elect, subject to the prior consent of the holders of Voting Shares or Rights, to redeem all but not less than all of the then outstanding Rights at a redemption price of $0.00001 per Right, subject to adjustment (the "Redemption Price"). If the Board elects or is deemed to have elected to redeem the Rights, the right to exercise the Rights will immediately terminate and the only right of the holders of such Rights will be to receive the Redemption Price. Amendments. Subject to certain limitations, the Corporation may from time to time amend, supplement, restate or delete provisions of the Rights Agreement with the prior consent of the shareholders of the Corporation or holders of the Rights; provided, however, that amendments, supplements, restatements or deletions made for the purposes of complying with changes in any applicable legislation, regulations or rules, or to correct clerical or typographical errors do not require such prior approval but shall be subject to subsequent ratification by the shareholders of the Corporation or the holders of Rights. Miscellaneous. No holder of any Rights will be entitled to vote, receive dividends or be deemed for any purpose the holder of Common Shares or any other securities which may at any time be issuable on the exercise of Rights. Capitalized terms used but not defined in this Item 3.03 have the meanings ascribed to them in the Rights Agreement. A full-text copy of the Rights Agreement is available at https://tinyurl.com/bda7xx7t. About Sphere 3D Sphere 3D Corp. is a Stamford, Connecticut-based Company incorporated in Ontario, Canada, that operates a Bitcoin mining business. The Company began Bitcoin mining operations in Jan. 2022 and seeks to grow an enterprise-scale mining operation through mining equipment procurement and service-provider partnerships. In an audit report dated March 27, 2026, MaloneBailey LLP included a going concern qualification, stating that Sphere 3D had suffered recurring losses from operations and did not expect to have sufficient cash on hand to fund operations. The conditions raised substantial doubt about the Company's ability to continue as a going concern. As of March 31, 2026, the Company reported total assets of $21.74 million, total liabilities of $1.74 million, and total shareholders' equity of $20 million. SPI SOLAR: Commences Chapter 11 Bankruptcy in Delaware ------------------------------------------------------ On July 31, 2026, SPI Solar, Inc. filed for Chapter 11 protection in the District of Delaware. According to court filings, the Debtor has estimated assets and liabilities ranging from $1 million to $10 million and lists between 1 and 49 creditors. Following the cessation of its development activities, the company is concentrating on asset liquidation and debt restructuring. The filing comes after its parent, SPI Energy Co., Ltd., underwent liquidation in the Cayman Islands in 2025 and was later delisted from the Nasdaq Stock Market. About SPI Solar, Inc. SPI Solar, Inc. is a solar energy company engaged in project development and asset management. The company previously operated a Sacramento solar module manufacturing facility with capacity of up to 750 MW. SPI Solar, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 26-11209) on July 31, 2026. The Debtor's petition estimates assets between $1 million and $10 million and liabilities in the same range. Honorable Bankruptcy Judge Mary F. Walrath handles the case. The Debtor is represented by Frederick Brian Rosner, Esq. of The Rosner Law Group LLC. SPORTSCAPERS CONSTRUCTION: Wins Interim Cash Collateral Access -------------------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas granted Sportscapers Construction Inc. interim approval to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral only for the expenses and amounts listed in the approved budget, subject to a 10% variance or further Court authorization. The authorization is limited to the cash collateral necessary to prevent immediate and irreparable harm to the estate pending the final hearing. As adequate protection, the Debtor grants the secured creditor(s) replacement liens on all property of the bankruptcy estate, including property acquired after the petition date and proceeds, but only to the same extent and priority as valid, perfected, and unavoidable prepetition liens. In addition, the Debtor must pay Prosperity Bank $4,389 per month, equal to the monthly mortgage payment in the budget, beginning this month, and continuing monthly until confirmation of a Chapter 11 plan. The order does not determine the validity, perfection, priority, enforceability, or extent of the secured creditor's liens; all such rights are reserved for later determination. A final hearing is scheduled for August 28. A copy of the court's order is available at https://shorturl.at/KeDUA from PacerMonitor.com. About Sportscapers Construction Inc. Sportscapers Construction Inc. is a Houston, Texas-based specialized athletic facility and sports court construction company. The business provides turnkey architectural design and construction services for basketball, pickleball, and tennis facilities throughout the Gulf Coast region, including Ganado, Edna, and Livingston, and is an authorized dealer of specialized sports lighting systems. Sportscapers Construction Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-34660) on June 30, 2026. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jeffrey P. Norman handles the case. The Debtor is represented by Jeremy Thomas Wood, Esq., at the Law Office of Jeremy T. Wood, PLLC. SSANG 7709: Court Extends Cash Collateral Access to Sept. 11 ------------------------------------------------------------ SSANG 7709, LLC received second interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, to use cash collateral. Under the second interim order, the Debtor is authorized to use cash collateral through September 11 or until entry of a further order to fund expenses based on the court-approved budget. Use of cash collateral is limited to 110% of each budget line item, with all collections of accounts receivable required to be deposited into a debtor-in-possession account for authorized operating expenses. The Debtor's cash collateral includes bank accounts and accounts receivable, subject to security interests of creditors. The Debtor identified Cho's Family, LLC as a secured creditor based on a UCC financing statement. Cho's Family and other secured creditors will be granted adequate protection through replacement liens on post-petition cash collateral, with the same validity and priority as their pre-petition liens. Creditors also retain the right to seek a superpriority administrative claim if the replacement liens later prove insufficient. The order preserves all parties' rights to challenge the validity, priority, or extent of asserted liens. The Debtor's authority to use cash collateral may terminate upon an event of default, including failure to comply with the terms of budget, subject to a three-day cure period. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/62pR3 from PacerMonitor.com. A further hearing is scheduled for September 9. About SSANG 7709 LLC SSANG 7709, LLC operates multiple dry-cleaning facilities across Orange, Pitt, and Wilson Counties in Raleigh, North Carolina. SSANG 7709 sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 26-03167) on July 14, 2026. In the petition signed by Kwon Jeon, managing member, the Debtor disclosed between $100,001 and $500,000 in both assets and liabilities. Judge Pamela W. Mcafee oversees the case. Ciara L. Rogers, Esq., at Waldrep Wall Babcock & Bailey, PLLC, represents the Debtor as legal counsel. SUPERNOVA MANAGEMENT: Taps Jones Lang LaSalle as Real Estate Broker ------------------------------------------------------------------- Supernova Management Inc and 10M NW FRWY LLC seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Jones Lang LaSalle Brokerage, Inc. as real estate broker. The firm will market and sell Debtor's real property located at 10000 Northwest Fwy, Houston, TX 77092. JLL will receive a broker commission of 3 percent of the gross sales proceeds if no co-broker is acknowledged or 5% of the gross sales price to be split if a co-broker is acknowledged and recognized. Jones Lang LaSalle Brokerage is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached through: Karina Weathers Jones Lang LaSalle Brokerage, Inc. 4200 Westheimer Rd, Ste. 1400 Houston, TX 77027 Phone: (713) 212-6702 Email: karina.weathers@jll.com About SuperNova Management Inc. SuperNova Management, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-32616) on April 14, 2026. In the petition signed by Martin Abrahams, manager, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge Eduardo V. Rodriguez oversees the case. Reese Baker, Esq., at Baker & Associates, represents the Debtor as legal counsel. T SHOP LLC: Voluntary Chapter 11 Case Summary --------------------------------------------- Debtor: T Shop LLC 309 Martin Luther King Jr Drive Jersey City, NJ 07305 Business Description: T Shop LLC is a Jersey City, New Jersey- based real estate holding company that owns and manages a mixed-use retail and residential property at 309 Martin Luther King Jr. Drive. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court District of New York Case No.: 26-19046 Judge: Hon. Mark Edward Hall Debtor's Counsel: Mateo Perez, Esq. LAW OFFICES OF MATEO PEREZ 451 Kennedy Drive Fairview NJ 07022 Tel: (201) 562-7403 Email: mplawesq@gmail.com Total Assets: $1,200,000 Total Liabilities: $710,806 The petition was signed by Thomas Hurley as owner and CEO. 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/BWGGHFQ/T_Shop_LLC__njbke-26-19046__0001.0.pdf?mcid=tGE4TAMA TC MASS PROPERTIES: Hires Davis Ermis & Roberts as Counsel ---------------------------------------------------------- TC Mass Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Davis, Ermis & Roberts, P.C. as counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-In- Possession in the continued operation of the business and management of its property; (b) prepare on behalf of the Debtor, as Debtor-In-Possession, necessary applications, orders, answers, reports, and other legal papers; (c) perform all other legal services for the Debtor, as Debtor-In-Possession, which may be necessary herein. The firm will be paid at these hourly rates: Craig D. Davis $650 Legal Assistants $120 The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Davis disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Craig D. Davis, Esq. Davis, Ermis & Roberts, P.C. 2000 E. Lamar Blvd., Ste 780 Arlington, TX 76006 Tel: (972) 263-5922 Fax: (972) 262-3264 About TC Mass Properties, LLC TC Mass Properties, LLC, filed a Chapter 11 bankruptcy petition (Bankr. N.D. Tex. Case No. 26-43459) on Aug. 4, 2026. The Debtor hires Davis, Ermis & Roberts, P.C. as counsel. TEADS HOLDING: Net Loss Widens to $42.5 Million in Fiscal Q2 ------------------------------------------------------------ Teads Holding Co. filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the quarterly period ended June 30, 2026. Revenue Revenue for the three months ended June 30, 2026 decreased $58.5 million, or 17.0%, to $284.6 million, from $343.1 million for the three months ended June 30, 2025. Revenue for the six months ended June 30, 2026 decreased $78.9 million, or 12.5%, to $550.6 million, from $629.5 million for the six months ended June 30, 2025. These decreases were primarily driven by lower revenue from the Company's direct response and SME advertisers, reflecting changing search and open-web traffic dynamics, including lower publisher traffic and available advertising impressions, as well as the impact of actions taken throughout 2025 to exit certain lower-quality supply and demand sources. These decreases were partially offset by continued growth in the Company's CTV offerings. The decrease for the six-month period was also partially offset by the inclusion of an additional month of consolidated results in 2026 compared to 2025, as the Acquisition was completed on Feb. 3, 2025. Revenue for the three and six months ended June 30, 2026, included net favorable foreign currency effects of approximately $0.8 million and $11.6 million, respectively. On a constant currency basis, revenue decreased $59.3 million, or 17.3%, and $90.5 million, or 14.4%, respectively, compared to the corresponding prior year periods. Cost of Revenue and Gross Profit Traffic acquisition costs decreased $37.7 million, or 19%, to $161.2 million for the three months ended June 30, 2026, from $198.9 million for the three months ended June 30, 2025. Traffic acquisition costs decreased $62.9 million, or 16.4%, to $319.3 million for the six months ended June 30, 2026, from $382.2 million for the six months ended June 30, 2025. These decreases were primarily driven by lower revenue and a favorable change in revenue mix toward higher-margin offerings. As a percentage of revenue, traffic acquisition costs decreased to 56.6% for the three months ended June 30, 2026, from 58% for the three months ended June 30, 2025, and decreased to 58% for the six months ended June 30, 2026, from 60.7% for the six months ended June 30, 2025. Traffic acquisition costs for the three and six months ended June 30, 2026, included net unfavorable foreign currency effects of approximately $0.2 million and $6.1 million, respectively. On a constant currency basis, traffic acquisition costs decreased $37.9 million, or 19.1%, and $69 million, or 18%, respectively, for the three and six months ended June 30, 2026, compared to the corresponding prior year periods. Other cost of revenue increased $3.9 million, or 16.3%, to $27.8 million for the three months ended June 30, 2026, compared to $23.9 million in the prior year period. The increase was primarily driven by higher technology costs associated with the Company's expanded platform, including hosting fees, as well as higher contract commitment costs. As a percentage of revenue, other cost of revenue increased to 9.8% for the three months ended June 30, 2026, from 7% for the three months ended June 30, 2025. Other cost of revenue increased $7.6 million, or 17.2%, to $52 million for the six months ended June 30, 2026, compared to $44.4 million in the prior period. The increase was primarily driven by the inclusion of an additional month of consolidated operations in 2026 compared to 2025, higher technology costs associated with the Company's expanded platform, and higher amortization expense of approximately $1.5 million. As a percentage of revenue, other cost of revenue increased 2.4% to 9.5% for the six months ended June 30, 2026, from 7.1% for the six months ended June 30, 2025. Gross profit decreased $24.7 million, or 20.5%, to $95.6 million for the three months ended June 30, 2026, compared to $120.3 million for the three months ended June 30, 2025. Gross profit decreased $23.7 million, or 11.7%, to $179.2 million for the six months ended June 30, 2026 compared to $202.9 million for the six months ended June 30, 2025. These decreases were primarily driven by the lower revenue, partially offset by lower traffic acquisition costs. The six-month decrease was also partially offset by the inclusion of an additional month of consolidated results in 2026 compared to 2025. Ex-TAC Gross Profit The Company's Ex-TAC Gross Profit decreased $20.8 million, or 14.4%, to $123.4 million for the three months ended June 30, 2026, from $144.2 million for the three months ended June 30, 2025. The Company's Ex-TAC Gross Profit decreased $16 million, or 6.5%, to $231.3 million for the six months ended June 30, 2026, from $247.3 million for the six months ended June 30, 2025. The decreases were primarily driven by lower revenue, partially offset by the corresponding decreases in traffic acquisition costs. The six-month decrease was also partially offset by the inclusion of an additional month of consolidated results in 2026 compared to 2025. Operating Expenses Operating expenses decreased $11.3 million, or 9.2%, to $111.2 million for the three months ended June 30, 2026, from $122.5 million for the three months ended June 30, 2025. The decrease was primarily driven by a $9.4 million decrease in Sales and marketing expenses due to lower employee-related expenses as a result of headcount reductions and cost efficiencies achieved through the integration of the Company's global operations. Operating expenses for the three months ended June 30, 2026, included net unfavorable foreign currency effects of approximately $3 million. On a constant currency basis, operating expenses decreased $14.3 million, or 11.7%, compared to the corresponding prior year period. As a percentage of revenue, total operating expenses increased to 39.1% for the three months ended June 30, 2026 from 35.7% for the three months ended June 30, 2025, primarily due to lower revenues, partially offset by a $9.4 million decrease in Sales and marketing expenses due to lower employee-related expenses. Operating expenses decreased $32.9 million, or 13.2%, to $216.7 million for the six months ended June 30, 2026 compared to $249.6 million for the six months ended June 30, 2025. The decrease was primarily driven by the following factors: * Impairment charges -- the absence in 2026 of $15.6 million in impairment charges recorded in the first quarter of 2025 related to the discontinuation of a legacy video product offering; * General and administrative expenses -- decreased $9.4 million from $64.4 million during the six months ended June 30, 2025 to $55.0 million during the six months ended June 30, 2026, driven by strategic, transaction and integration-related costs which decreased $19 million during the six months ended June 30, 2026 compared to the prior year period. This decrease was partially offset by a $3.4 million increase in bad debt expense and a $2 million increase in non-income tax expense, primarily reflecting a sales tax refund recognized in the prior-year period; * Restructuring charges -- decreased $6 million compared to the six months ended June 30, 2025. The actions associated with the Strategic Plan have been substantially completed, subject to the completion of certain actions governed by local law and consultation requirements. The Company expects the Strategic Plan to result in annualized cost savings of approximately $35 million to $40 million; * Research and development expenses -- decreased $5.2 million compared to the six months ended June 30, 2025, primarily due to lower employee-related costs, resulting from higher capitalization of internal labor costs toward qualifying development activities, partially offset by foreign currency exchange impacts and an additional month of base operating costs resulting from a full six months of consolidated operations in 2026 compared to five months in 2025; and * Sales and marketing expenses -- The decreases were partially offset by $3.3 million increase compared to the six months ended June 30, 2025, primarily driven by additional amortization of acquired intangible assets. Operating expenses for the six months ended June 30, 2026, included net unfavorable foreign currency effects of approximately $9.5 million. On a constant currency basis, operating expenses decreased $42.4 million, or 17.0%, compared to the corresponding prior year period. Other (Expense) Income, Net Other (expense) income, net decreased $1.7 million, or 9.7%, to $(19.5) million for the three months ended June 30, 2026, from $(17.8) million for the three months ended June 30, 2025. The decrease was primarily attributable to the absence in 2026 of a $1.2 million gain on the repurchase of long-term debt recognized during the second quarter of 2025. Other (expense) income, net improved $3.9 million, or 9.5%, to $(37.5) million for the six months ended June 30, 2026, from $(41.4) million for the six months ended June 30, 2025. The improvement is primarily attributable to a $5.8 million decrease in interest expense. The decrease in interest expense reflected the absence in 2026 of $13.3 million in fees and interest related to the $625 million senior secured bridge term loan credit facility (the "Bridge Facility") which was incurred and repaid during Feb. 2025 in connection with financing the Acquisition. This decrease was partially offset by a $7.6 million increase in interest expense related to the Senior Secured Notes. Interest expense for the Senior Secured Notes was $33.7 million for the six months ended June 30, 2026, compared to $26.1 million for the six months ended June 30, 2025, reflecting a full six months of interest expense and amortization of related debt discount and deferred financing costs in 2026, compared to a partial period in 2025. The improvement was also partially offset by the absence in 2026 of the $1.2 million gain on the repurchase of long-term debt recognized during the second quarter of 2025. Provision (Benefit) for Income Taxes Provision for income taxes was $7.3 million and $6.3 million for the three and six months ended June 30, 2026, respectively, compared to a benefit of $5.8 million and a benefit of $19 million for the three and six months ended June 30, 2025, respectively. The increases in the provision for income taxes for the three and six months ended June 30, 2026, as compared to their respective prior year periods, were primarily due to U.S. and various non-U.S. losses for the three and six months ended June 30, 2026, being subject to valuation allowances. The Company's effective tax rate decreased to (20.8)% and (8.4)% in the three and six months ended June 30, 2026, respectively, compared to 28.7% and 21.5% in the three and six months ended June 30, 2025, respectively. These decreases in effective tax rates for the three and six months ended June 30, 2026, as compared to their respective prior year periods, were primarily due to pre-tax losses, including U.S. and various non-U.S. losses for the three and six months ended June 30, 2026 being subject to valuation allowances. As of June 30, 2026, the Company is in a three-year cumulative loss position in the U.S. Under applicable accounting guidance, a cumulative loss in recent years represents significant, objective evidence that is difficult to overcome. After weighing all the evidence, the Company determined that the weight of the objective negative evidence continues to outweigh the positive evidence and the Company retains the valuation allowance against U.S. federal and state deferred tax assets. The Company will continue to consider existing evidence, both positive and negative, that could impact its view with regard to future realization of deferred tax assets. On July 4, 2025, the One Big Beautiful Bill Act was enacted into law in the U.S. In 2026, Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income have been modified to net controlled-foreign-corporation tested income and foreign-derived deduction eligible income, respectively. The OBBBA provisions did not have a material impact on the Company's total tax benefits for the six months ended June 30, 2026. The Company's future effective tax rate may be affected by the geographic mix of earnings in countries with different statutory rates. Additionally, the Company's future effective tax rate may be affected by the ongoing assessment of the need for a valuation allowance on its deferred tax assets or liabilities, or changes in tax laws, regulations, or accounting principles, tax planning initiatives, as well as certain discrete items. Net Loss As a result of the foregoing, the Company recorded net losses of $42.5 million and $81.3 million, respectively, for the three and six months ended June 30, 2026, as compared to net losses of $14.3 million and $69.2 million, respectively, for the three and six months ended June 30, 2025. Adjusted EBITDA The Company's Adjusted EBITDA decreased $20 million to $7.0 million for the three months ended June 30, 2026 from $27 million for the three months ended June 30, 2025, including net unfavorable foreign currency effects of approximately $2.5 million. The Company's Adjusted EBITDA decreased $30 million to $7.7 million for the six months ended June 30, 2026 from $37.7 million for the six months ended June 30, 2025, including net unfavorable foreign currency effects of approximately $4.1 million. These decreases were primarily driven by the lower revenue and Ex-TAC Gross Profit, partially offset by lower operating expenses. Liquidity and Capital Resources The Company regularly evaluates its cash requirements for operations, commitments, development activities and capital expenditures and manages its liquidity in a manner consistent with its corporate priorities. As of June 30, 2026, the Company believes that its operating cash flows, together with its cash and cash equivalents, investments, and available borrowing capacity, will be sufficient to fund its anticipated operating expenses and capital expenditures for at least the next 12 months. The Company's assessment of liquidity is subject to various risks and uncertainties, including its operating performance, the timing and collectability of receivables from advertisers and obligations to media partners. Sources of Liquidity The Company's primary sources of liquidity have been cash receipts from advertisers, cash and cash equivalents, investments in marketable securities, and available borrowing capacity under its 2025 Revolving Facility. As of June 30, 2026, the Company had cash and cash equivalents of $88 million and short-term investments of $3.0 million. In addition, the Company had up to $40 million of available borrowing capacity under its 2025 Revolving Facility, subject to customary conditions and covenant limitations. As of June 30, 2026, approximately $58.3 million of the Company's cash was held by non-U.S. subsidiaries. The Company's previously undistributed earnings of foreign subsidiaries are not indefinitely reinvested due to current U.S. funding needs. At June 30, 2026, the Company has a deferred tax liability of $8.7 million associated with the expected tax consequences of future distributions of foreign earnings, including amounts related to cash and cash equivalents held outside the United States. The Company has historically experienced higher cash collections during the first quarter of the calendar year due to seasonally strong fourth-quarter sales, which typically results in a reduction in working capital requirements during that period. The Company expects this seasonal collection pattern to continue, subject to the impact of the factors described above under "Factors Affecting Our Business"; however, its net cash from operating activities is also subject to the timing of semi-annual interest payments on its Senior Secured Notes, which occur in Feb. and Aug. of each year. During the six months ended June 30, 2026, the Feb. interest payment resulted in a $31.4 million cash outflow. There was no comparable interest payment during the six months ended June 30, 2025, as the underlying debt was issued in the first quarter of 2025, with the first semi-annual payment occurring in Aug. 2025. Revolving Credit Facility The Company maintains a $100 million revolving credit facility pursuant to the credit agreement dated Feb. 3, 2025, among the Company, OT Midco Inc., the additional borrowers party thereto from time to time, Goldman Sachs Bank USA, as sole administrative agent and swingline lender, and U.S. Bank Trust Company, National Association, as the collateral agent, and the lenders, issuing banks, and arrangers party thereto from time to time. The 2025 Revolving Facility may be used for working capital and general corporate purposes. As of June 30, 2026, the Company had no borrowings outstanding under the 2025 Revolving Facility and was in compliance with all applicable financial covenants. The 2025 Revolving Facility includes a customary springing financial covenant that requires the Company and its restricted subsidiaries to comply with a maximum senior secured net leverage ratio in the event that utilization under the 2025 Revolving Facility exceeds 40%. As of June 30, 2026, the Company's available borrowing capacity was limited to $40 million to maintain compliance with the springing financial covenant. Material Cash Requirements The Company plans to meet its liquidity needs through available cash, cash generated from operations, and available borrowing capacity. The Company's primary uses of liquidity include payments to media partners, operating expenses, capital expenditures, and interest payments on its long-term debt. The Company's arrangements with media partners are generally based on variable bids tied to impressions or may include guaranteed minimum payments if specified performance targets are achieved, and in certain cases include revenue-sharing arrangements. As of June 30, 2026, the Company had approximately $628.2 million in aggregate principal amount of Senior Secured Notes outstanding, which mature on Feb. 15, 2030. The Senior Secured Notes require annual interest payments of approximately $62.8 million, payable semi-annually in February and August. The Company does not have any significant contractual principal debt maturities in the near term. The Company was in compliance with all applicable financial covenants as of June 30, 2026. In addition, the Company's French subsidiary, Teads France SAS, previously maintained a short-term overdraft credit facility with HSBC which was used to fund the general working capital needs of Teads France. In May 2026, the Company commenced a repayment plan with HSBC to terminate and fully pay down the Overdraft Facility. As of June 30, 2026, approximately $7.1 million (EUR6.2 million) in borrowings were outstanding under the Overdraft Facility, reflecting payments made during the second quarter of 2026. These outstanding borrowings are recorded within short-term debt in the Company's condensed consolidated balance sheets. Subsequent to quarter-end, in July 2026, the Company made an additional payment of EUR1.25 million, reducing the remaining outstanding balance to EUR5.0 million. The Company expects to pay down the remaining balance of the Overdraft Facility by the end of 2026. The Company may from time to time pursue acquisitions or investments in complementary businesses or technologies. The Company may from time to time seek to purchase or exchange its outstanding debt through privately negotiated transactions, open market purchases, redemptions, tender offers or otherwise. Any such purchases or retirement of debt will be made in its sole discretion in light of prevailing market conditions, applicable contractual limitations, liquidity requirements and other relevant factors. The amounts involved in any such purchase transactions, individually or in the aggregate, may be material. Share Repurchases On Dec. 14, 2022, the Company's Board approved a stock repurchase program authorizing the Company to repurchase up to $30 million of its Common Stock. There were no shares repurchased under the stock repurchase program during six months ended June 30, 2026. As of June 30, 2026, the remaining availability under the $30 million share repurchase program was $6.6 million. In addition, the Company periodically withholds shares to satisfy employee tax withholding obligations in connection with the vesting of equity awards. During the three and six months ended June 30, 2026, the Company withheld 63,309 and 108,470 shares, respectively, with fair values of less than $0.1 million and $0.1 million, respectively, to satisfy employee tax withholding obligations. During the three and six months ended June 30, 2025, the Company withheld 70,108 and 143,108 shares, respectively, with fair values of $0.2 million and $0.6 million, respectively. Capital Expenditures and Capitalized Software Development Costs The Company's cash flows used in investing activities include capital expenditures and capitalized software development costs. The Company expects capital expenditures to be between $3 million and $5 million for the year ending Dec. 31, 2026, primarily related to servers, computing equipment, and other infrastructure. The Company also expects capitalized software development costs to be between $20 million and $27 million in 2026, primarily related to continued investment in its platform, including infrastructure to support AI and machine learning capabilities and the development of internal software to enhance scalability and operational efficiency. Actual amounts may vary from these estimates. Other Contractual Cash Obligations In the ordinary course of business, the Company enters into non-cancelable purchase commitments, primarily related to data services, hosting and network infrastructure, and other technology and platform-related costs. These commitments support the ongoing operation and scalability of the Company's platform. The Company also enters into arrangements with certain media partners that may include guaranteed minimum payments tied to performance metrics. These arrangements may result in losses on individual contracts if guaranteed amounts exceed the revenue ultimately generated. In addition, the Company has obligations under its long-term debt arrangements and operating leases, as well as liabilities related to uncertain tax positions, the timing of which cannot be reasonably estimated. Operating Activities Net cash provided by operating activities decreased $49.8 million, from net cash provided of $24.1 million for the six months ended June 30, 2025, to net cash used of $25.7 million for the six months ended June 30, 2026. The decrease primarily reflected lower operating profitability, a $30.1 million increase in cash paid for interest, including the $31.4 million semi-annual interest payment on the Company's Senior Secured Notes made in Feb. 2026, and changes in working capital. Investing Activities Net cash used in investing activities decreased $544.8 million to $4.1 million for the six months ended June 30, 2026, from $548.9 million for the six months ended June 30, 2025. The decrease was primarily attributable to the absence in 2026 of $598.3 million of cash consideration paid, net of cash acquired, in connection with the Acquisition. This decrease was partially offset by lower net proceeds from sales and maturities of marketable securities in 2026 compared to the prior-year period. Financing Activities Net cash provided by financing activities decreased $596.7 million, from net cash provided of $585.6 million for the six months ended June 30, 2025, to net cash used of $11.1 million for the six months ended June 30, 2026. The decrease was primarily attributable to the absence in 2026 of $625.3 million of proceeds from the issuance of the Senior Secured Notes in connection with financing the Acquisition. Financing cash flows during the 2025 period also included $625 million of proceeds from the Bridge Facility and the corresponding $625 million repayment of the Bridge Facility, as well as $30.8 million of deferred financing cost payments. Net cash used in financing activities during the 2026 period primarily reflected $10.3 million of net repayments under the Overdraft Facility. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/58dzswtf. About Teads Teads Holding Co. (f/k/a. Outbrain Inc.) and TEADS combined on Feb. 3, 2025. The combined company has been operating under the new Teads brand and the corporate name was changed from Outbrain Inc. to Teads Holding Co. (Nasdaq: TEAD) on June 6, 2025. Teads is the omnichannel outcomes platform for the Open Internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes for branding and performance objectives, Teads drives value with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, New York, with a global team of nearly 1,800 people in 30+ countries. As of June 30, 2026, the Company had $1,162.2 million in total assets, $1,154.8 million in total liabilities, and $7.353 million in total stockholders' equity. * * * In Nov. 2025, Fitch Ratings has downgraded Teads Holding Co. and OT Midco. Inc.'s (collectively, Teads) Company Default Rating (IDR) to 'CCC+' from 'BB-'. Fitch has also downgraded the senior secured instruments to 'CCC+' with a Recovery Rating of 'RR4'. The downgrade reflects delays in successful merger integration, which prevented Teads from achieving its projected EBITDA of $180 million for 2025. Consequently, the company's financial risk profile has materially deteriorated. The downgrade also reflects the possibility that the company may not be able to realize substantial revenue growth and cost optimization in 2026, which could delay deleveraging prospects and result in further negative rating actions. TEGETHOFF DEVELOPMENT: Cash Collateral Access Extended to Sept. 30 ------------------------------------------------------------------ Tegethoff Development, LLC received third interim approval from the U.S. Bankruptcy Court for the Eastern District of Missouri, Eastern Division, to use up to $2 million in cash collateral through September 30. Under the third interim order, the Debtor is authorized to use cash collateral for budgeted expenses, including expenditures related to the 3600 Edgewood, LLC project. The Debtor's cash collateral consists of approximately $2.497 million in cash and cash equivalents pledged to UMB Bank and held in a restricted account. UMB Bank will be granted adequate protection through replacement liens on the Debtor's post-petition property similar to the bank's pre-petition collateral, and through a superpriority administrative expense claim. These replacement liens do not apply to Chapter 5 avoidance actions. Additional safeguards include regular financial reporting, and access to business records and operations. The order includes a broad release by the Debtor in favor of UMB Bank, subject to a 60-day challenge period during which creditors may contest the stipulated findings, lien priorities, or releases through appropriate litigation. A further interim hearing is scheduled for September 28. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/2OacQ from PacerMonitor.com. About Tegethoff Development LLC Tegethoff Development, LLC is a Midwest-based real estate development company specializing in luxury multifamily, mixed-use, hospitality, and destination developments. Founded and led by Jeff Tegethoff, the company focuses on creating large-scale lifestyle communities and long-term investment properties across Missouri and other Midwestern markets. Tegethoff Development and its affiliates, Tegethoff Development Co., LLC and Pearl Capital Management, LLC, sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 26-42401) on June 1, 2026. At the time of the filing, Tegethoff Development reported assets of between $50 million and $100 million and liabilities of between $500 million and $1 billion. Robert E. Eggman, Esq., and Samuel S. Brand, Esq., at Carmody MacDonald P.C. serve as the Debtors' legal counsel. TEISHA & TEISHA: Case Summary & Three Unsecured Creditors --------------------------------------------------------- Debtor: Teisha & Teisha Investments, LLC 3300 NE 191st Street # 618 Aventura, FL 33180 Business Description: Teisha & Teisha Investments, LLC is a single-asset real estate company that owns and manages a condominium unit at 18101 Collins Ave., Unit 701, Sunny Isles Beach, Florida 33160. Chapter 11 Petition Date: August 8, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-20507 Judge: Hon. Robert A Mark Debtor's Counsel: Hector Hernandez, Esq. HECTOR HERNANDEZ & ASSOCIATES, PA 7480 SW 40 Street, Suite 450 Miami, FL 33155 Tel: (305) 406-3424 E-mail: Hector@hhalaw.com Total Assets: $1,281,127 Total Liabilities: $1,830,428 The petition was signed by Matilde Del Pilar Ramirez Diaz as manager. A full-text copy of the petition, which includes a list of the Debtor's three unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/T46NJAY/Teisha__Teisha_Investments_LLC__flsbke-26-20507__0001.0.pdf?mcid=tGE4TAMA TEK PAK: Case Summary & 17 Unsecured Creditors ---------------------------------------------- Debtor: Tek Pak, Inc. 707 Kautz Road Saint Charles, IL 60174 Business Description: Tek Pak, Inc. is a St. Charles, Illinois- based manufacturer of precision light-gauge thermoformed products for the medical, electronics, industrial and consumer markets. Founded in 1992, the company provides rapid prototyping, custom tooling and high-volume production services and is certified under ISO 13485 and ISO 9001 standards. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Northern District of Illinois Case No.: 26-13171 Judge: Hon. David H. Decelles Debtor's Counsel: William E. Jamison, Jr., Esq. WILLIAM E. JAMISON & ASSOCIATES 53 W. Jackson Blvd., Suite #801 Chicago, IL 60604 Tel: (312) 226-8500 E-mail: wjami39246@aol.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Wendy K. White Eagle as president. A copy of the Debtor's list of its 17 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DKXXTFY/TEK_PAK_INC__ilnbke-26-13171__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/WJV4RRY/TEK_PAK_INC__ilnbke-26-13171__0001.0.pdf?mcid=tGE4TAMA TETRAD ENTERPRISES: Case Summary & Six Unsecured Creditors ---------------------------------------------------------- Debtor: Tetrad Enterprises LLC Maramar Plaza Suite 809, 101, Ave. San Patricio Guaynabo, PR 00968 Business Description: TETRAD Enterprises LLC is a Guaynabo, Puerto Rico-based engineering and project-development company that provides power-generation, water-pumping and infrastructure systems, including the design, installation, operation and maintenance of emergency pumping and energy equipment. The company has performed large-scale government infrastructure work, including supplying and operating hydraulic pumping systems for Puerto Rico flood-control facilities. Chapter 11 Petition Date: August 11, 2026 Court: United States Bankruptcy Court District of Puerto Rico Case No.: 26-03731 Debtor's Counsel: Wallace Vazquez-Sanabria, Esq. WVS LAW LLC 17 Mexico Street, Suite D-1 San Juan, PR 00917-2202 Tel: 787-756-5730 E-mail: wvslawllc@gmail.com Estimated Assets: $10 billion to $50 billion Estimated Liabilities: $10 billion to $50 billion The petition was signed by Luis Guillermo Hernandez-Rivera as managing director. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/LCSMPLI/TETRAD_ENTERPRISES_LLC__prbke-26-03731__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Six Unsecured Creditors: Entity Nature of Claim Claim Amount 1. JLG Consulting Engineering PSC $3,402,585 PO Box 361243 San Juan PR 00936-1243 2. MWI Corporation $13,783,841 PO Box 9022946 San Juan PR 00902-2946 3. Autos Vega Inc. $258,989 GPO Box 364252 San Juan PR 00936-3642 4. American Petroleum Co Inc. $161,678 PO Box 2529 Toa Baja PR 00951-2663 5. Galindez LLC $33,727 Urb Perez Moris 19 Calle Ponce San Juan PR 00917 6. Anderson CPA Group LLC PO Box 50162 Toa Baja PR 00950-0162 TETRAD ENTERPRISES: Seeks Second Ch. 11 Bankruptcy -------------------------------------------------- Yun Park of Law360 Bankruptcy Authority reports that Tetrad Enterprises LLC, a developer of large-scale utility and infrastructure projects, has returned to bankruptcy court, filing its second Chapter 11 case in Puerto Rico since February 2025. The company filed August 11, 2026 under Case No. 26-03731, with Law360 reporting that the latest petition reflects more than $10 billion in both assets and debt. The company previously sought Chapter 11 protection in the District of Puerto Rico on February 28, 2025. That case was dismissed at Tetrad's request in May 2025 and closed the following month. At the time, the company reported assets and liabilities of more than $1 billion and between one and 49 creditors. The latest bankruptcy filing marks another attempt by Tetrad to address its financial challenges through the Chapter 11 process. The company's renewed case comes after its earlier restructuring effort was terminated before a plan of reorganization could be completed, leaving Tetrad to confront its financial obligations through a new bankruptcy proceeding. About Tetrad Enterprises LLC TETRAD Enterprises LLC is a conglomerate project development firm specializing in large-scale utility projects. The company offers Hydraflo pumps, which are hydraulically-driven, large-volume submersible water pumps designed for rapid setup and heavy-duty performance across various applications, including emergency pumping, flood control, stormwater drainage, dewatering, and agricultural irrigation. TETRAD Enterprises LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-00895) on February 28, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 billion and $50 billion each. The Debtor is represented by Wallace Vazquez Sanabria, Esq. at WVS LAW LLC. That case was voluntarily dismissed in May 2025 and closed in June 2025. 2nd Attempt Tetrad Enterprises LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-03731) on August 11, 2026. In its petition, the Debtor reports assets and liabilities of more than $1 billion. The Debtor is represented by Wallace Vazquez Sanabria, Esq. of WVS LAW LLC. TISON INC: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Tison, Inc. 3555 US 17, Ste 8 Fleming Island, FL 32003 Business Description: Tison, Inc. provides electronic, technology, sound, and security system sales and installation services in the greater Jacksonville, Florida area. The company is organized under the laws of the State of Florida and serves customers requiring technology and security-related systems and installation services. Chapter 11 Petition Date: August 5, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-03554 Judge: Hon. Jason A Burgess Debtor's Counsel: Thomas Adam, Esq. ADAM LAW GROUP, PC 2258 Riverside Ave Jacksonville, FL 32204 E-mail: tadam@adamlawgroup.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Shawn Tison as president. 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/LSU2L3Q/Tison_Inc__flmbke-26-03554__0001.0.pdf?mcid=tGE4TAMA TOMCAT MECHANICAL: Hires Financial Relief Law Center as Counsel --------------------------------------------------------------- Tomcat Mechanical, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of California to hire Financial Relief Law Center, APC, as general bankruptcy counsel. The firm's services include: a. advising Debtor regarding its obligations under the Bankruptcy Code, Bankruptcy Rules, Local Rules, and the United States Trustee guidelines; b. preparing motions, applications, objections, responses, and other pleadings; c. reviewing and objecting to claims where appropriate; d. representing Debtor at hearings and conferences; e. preparing a plan of reorganization and, if required, a disclosure statement; f. assisting with the investigation and prosecution of potential estate causes of action; g. assisting with monthly operating reports and UST compliance; and h. providing such additional legal services as may be required for the proper administration of the estate. The firm will be paid at these hourly rates: Andy Warshaw $495 Amanda Billyard $450 Rich Sturdevant $450 Associate or Of Counsel $400 Paralegals $250 Legal Assistants $195 On June 11, 2026, the firm received a initial retainer in the amount of $5,000. On June 24, 2026, the Debtor paid a retainer of $50,000. Financial Relief Law Center does not hold or represent any interest adverse to the estate and is a disinterested person within the meaning of 11 U.S.C. Sec. 101(14), according to court filings. The firm can be reached through: Andy C. Warshaw, Esq. Financial Relief Law Center, APC 1200 Main St, Ste C Irvine, CA 92614-6749 Phone: (714) 442-3319 About Tomcat Mechanical Inc. Tomcat Mechanical, Inc. is a San Diego, California-based commercial HVAC and mechanical contracting firm that provides installation, maintenance, and repair services for commercial mechanical systems across Southern California. The company remains an active licensed contractor with the California Contractors State License Board and continues serving customers while operating as a debtor-in-possession during its Chapter 11 restructuring. Tomcat Mechanical, Inc. filed for protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-03080) on July 17, 2026. In its petition, the Debtor reports estimated assets ranging from $500,000 to $1 million and estimated liabilities ranging from $1 million to $10 million. Honorable J. Barrett Marum handles the case. The Debtor is represented by Richard Sturdevant, Esq. at Financial Relief Law Center, APC. TONIX PHARMACEUTICALS: Fiscal Q2 Net Loss Widens to $40.6 Million ----------------------------------------------------------------- Tonix Pharmaceuticals Holding Corp. 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, reporting a net loss for the three months ended June 30, 2026 of $40.6 million, an increase of $12.3 million, or 43%, compared to a net loss of $28.3 million for the three months ended June 30, 2025. For the six months ended June 30, 2026, net loss was $80.7 million, an increase of $35.6 million, or 79%, compared to a net loss of $45.1 million for the six months ended June 30, 2025. Revenue recognized for the three months ended June 30, 2026 and 2025 was $13.5 million and $2.0 million, respectively. Revenue recognized for the six months ended June 30, 2026 and 2025 was $20.4 million and $4.4 million, respectively. Liquidity and Capital Resources As of June 30, 2026, the Company had working capital of $172.6 million, comprised primarily of cash and cash equivalents of $176.2 million, accounts receivable, net of $11.8 million, inventory of $4.7 million and prepaid expenses and other of $10.7 million, offset by $9.1 million of accounts payable, $21.5 million of accrued expenses, and current lease liabilities of $0.3 million. A significant portion of the accounts payable and accrued expenses are due to work performed in relation to the Company's clinical programs, accruals for gross to net deductions related to its commercial products and launch of TONMYA. For the six months ended June 30, 2026 and 2025, the Company used approximately $84.6 million and $31.4 million of cash in operating activities, respectively, which represents cash outlays for research and development and general and administrative expenses in such periods. The increase in cash outlays principally resulted from an increase in research and development and general, selling and administrative expenses. For the six months ended June 30, 2026 and 2025, net cash provided from financing activities was $53.7 million and $60.5 million, respectively, predominantly from the issuance of common stock. Cash used in investing activities for the six months ended June 30, 2026 was $2.3 million related to the purchase of property and equipment. Cash used in investing activities for the six months ended June 30, 2025 was $2.5 million related to the issuance of a note and purchase of property and equipment. The Company believes that its cash resources at June 30, 2026, and the proceeds that it raised from equity offerings during the third quarter of 2026, will meet its operating and capital expenditure requirements into early second quarter of 2027, but will not extend to 12 months from the issuance of these financial statements. The Company continues to face significant challenges and uncertainties and, as a result, its available capital resources may be consumed more rapidly than currently expected due to changes it may make in its research and development spending plans. These factors raise substantial doubt about the Company's ability to continue as a going concern for the one-year period from the date of filing of this Form 10-Q. The Company must obtain additional funding through public or private financing or collaborative arrangements with strategic partners to increase the funds available to fund operations. Without additional funds, the Company may be forced to delay, scale back or eliminate some of its research and development activities, or other operations and potentially delay product development to provide sufficient funds to continue its operations. If any of these events occur, the Company's ability to achieve its development and commercialization goals would be adversely affected and it may be forced to cease operations. Future Liquidity Requirements The Company expects to incur losses from operations for the near future. The Company expects to incur increasing research and development expenses, including expenses related to additional clinical trials and the build out of its research and development operations and manufacturing. The Company will not have enough resources to meet its operating requirements for the one-year period from filing date of this report. The Company's future capital requirements will depend on a number of factors, including the availability of financing, the timing and outcome of regulatory approvals, the progress of its research and development of product candidates, the costs involved in preparing, filing, prosecuting, maintaining, defending and enforcing patent claims and other intellectual property rights, the status of competitive products, and its success in developing markets for its product candidates. The Company will need to obtain additional capital in order to fund future research and development activities. Future financing may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. Even if the Company is able to raise the funds required, it is possible that it could incur unexpected costs and expenses, fail to collect significant amounts owed to it, or experience unexpected cash requirements that would force it to seek alternative financing. Furthermore, if the Company issues additional equity or debt securities, shareholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of the Company's common stock. If additional financing is not available or is not available on acceptable terms, the Company may be required to delay, reduce the scope of or eliminate its research and development programs, reduce its commercialization efforts or obtain funds through arrangements with collaborative partners or others that may require it to relinquish rights to certain product candidates that it might otherwise seek to develop or commercialize independently. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/374k7p5w. About Tonix Pharmaceuticals Chatham, N.J.-based Tonix Pharmaceuticals Holding Corp., through its wholly owned subsidiary Tonix Pharmaceuticals, Inc., is a fully integrated biopharmaceutical company focused on developing and commercializing therapeutics to treat and prevent human disease and alleviate suffering. EisnerAmper LLP, the Company's former independent registered public accounting firm, included an explanatory paragraph in its audit report dated March 12, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, expressing substantial doubt about the Company's ability to continue as a going concern. The auditor cited that the Company has continuing losses and negative cash flows from operating activities that raise substantial doubt about its ability to continue as a going concern. As of June 30, 2026, the Company had $254.1 million in total assets, $31.8 million in total liabilities, and $222.3 million in total stockholders' equity. TPC GROUP: Moody's Puts 'B2' CFR Under Review for Upgrade --------------------------------------------------------- Moody's Ratings has placed TPC Group Inc.'s ("TPC") B2 Corporate Family Rating, B2-PD Probability of Default Rating and B2 rating on its senior secured first lien term loan under review for upgrade. This follows the announcement that ENEOS Holdings, Inc. ("ENEOS", Baa2 stable) will acquire TPC Holdings, Inc., which owns 100% of TPC. The acquisition is expected to close in October 2026, subject to regulatory approvals and customary conditions. Previously, the outlook was stable. Governance considerations are a key driver of this rating action, given the future ownership and oversight by ENEOS, an investment-grade-rated company. RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The review for upgrade reflects the expected strengthening of TPC's credit quality once it becomes a wholly owned ENEOS subsidiary. Following the ownership change, Moody's expects TPC to terminate its existing revolving credit facility and repay its outstanding term loans, resulting in a more conservative capital structure under ENEOS. TPC's future credit profile will depend on the degree of integration with ENEOS and the level of credit support ENEOS provides. ENEOS will consolidate TPC's petrochemical operations in Houston, Texas, along with terminal operations in Port Neches, Texas, and Lake Charles, Louisiana. Upon completion of the transaction, TPC will become a consolidated subsidiary (High Performance Materials Segment) of ENEOS. The rating could be upgraded if the acquisition is completed with meaningful debt reduction at TPC and/or credit enhancement from ENEOS. Consistent free cash flow generation and debt leverage below 4.0x are also required for a rating upgrade. The rating could be downgraded if the company's liquidity weakens or earnings deteriorate significantly with a debt leverage above 6.0x. A significant increase in contingent liabilities or fines related to ongoing proceedings or regulatory investigations could also weigh on the rating. TPC Group Inc., headquartered in Houston, Texas, is a processor of crude C4 hydrocarbons (primarily butadiene, butene-1, and isobutene) and differentiated isobutane derivatives. Its products are sold to producers of synthetic rubber, fuels, lubricant additives, plastics and surfactants. The company operates through three business segments: Performance Materials, Octane Enhancers and Specialty Products. Revenues can range from less than $1.0 billion to $1.9 billion depending on commodity prices and production volumes. TPC emerged from Chapter 11 on December 16, 2022. The company is owned by several private equity firms including Redwood Capital Management, Monarch Alternative Capital and PGIM. The principal methodology used in these ratings was Chemicals published in February 2026. TRANSDIGM GROUP: Liabilities Exceed Assets by $9.8-Bil. at June 27 ------------------------------------------------------------------ TransDigm Group Incorporated's stockholder's deficit was US$9.8 billion at June 27, 2026. The stockholder's deficit was US$9.7 billion at Sept. 30, 2025. At June 27, 2026, the Company had total assets of US$26.8 billion and total liabilities of US$36.5 billion. At Sept. 30, 2025, the Company had total assets of US$22.9 billion and total liabilities of US$32.6 billion. The Company said it expects to meet its current debt obligations as they come due through cash generated from operations and, when appropriate, refinancing in the debt markets. Management emphasized that significant cash liquidity, including cash and cash equivalents and revolving credit facility availability, is expected to support ongoing funding needs, acquisitions and opportunistic capital deployment. The Company noted that it may issue additional debt or increase borrowings to finance acquisitions, shareholder returns or other corporate purposes, subject to market conditions and existing credit agreement restrictions. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=d6uVUh About TransDigm Group Incorporated TransDigm Group Incorporated is a designer, producer and supplier of highly engineered aerospace components, systems and subsystems, primarily for commercial and military aircraft. The Company typically focuses on proprietary, highly engineered products with significant aftermarket content, and pursues growth through a combination of organic initiatives and acquisitions. TRI-BOROUGH HOME: U.S. Trustee Appoints Eric Huebscher as PCO ------------------------------------------------------------- William Harrington, U.S. Trustee for Region 2, appointed Eric Huebscher as patient care ombudsman for Tri-Borough Home Care, Ltd. To the best of the United States Trustee's knowledge and based on the verified statement he has provided, Eric Huebscher has no connections with Tri-Borough Home Care, Ltd., creditors and other parties-in-interest in the bankruptcy case. Section 333(b) of the Bankruptcy Code provides that the Patient Care Ombudsman shall: * monitor the quality of patient care provided to patients of the debtor, to the extent necessary under the circumstances, including interviewing patients and physicians; * not later than 60 days after the date of this appointment, and not less frequently than at 60 day intervals thereafter, report to the court after notice to the parties in interest, at a hearing or in writing, regarding the quality of patient care provided to patients of the debtor; and * if such ombudsman determines that the quality of patient care provided to patients of the debtor is declining significantly or is otherwise being materially compromised, file with the court a motion or written report, with notice to the parties in interest immediately upon making such determination. The ombudsman may be reached at: Eric Huebscher, MBA, CPA, CFE, CPCO President, Huebscher & Co. 301 East 87th Street – 20E New York, NY 10128 Email: ehuebscher@huebscherconsulting.com Phone: 646.584.3141 About Tri-Borough Home Care Ltd. Tri-Borough Home Care, Ltd. is a Brooklyn, New York-based pediatric home health care agency that provides in-home nursing and health care services for children with medical needs. Tri-Borough Home Care, Ltd. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-43435) on July 16, 2026. In its petition, the Debtor reported estimated assets of $10 million to $50 million and estimated liabilities of $10 million to $50 million. Honorable Bankruptcy Judge Elizabeth S. Stong is overseeing the case. The Debtor is represented by Julio E. Portilla, Esq., of Law Office Julio E. Portilla, P.C. TRINSEO PLC: Chapter 11 Trial Opens Amid Creditor Fight Over LMEs ----------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that Trinseo PLC began its Chapter 11 plan trial Wednesday, August 12, 2026. as opposing creditor factions battled over the validity of transactions that could determine the fate of the plastics manufacturer's proposed restructuring. Trinseo is seeking to shed about $2 billion in debt through a plan supported by a majority of its lenders. The principal dispute involves a $948 million intercompany financing arrangement created as part of Trinseo's 2023 liability-management exercise. CastleKnight Management and allied creditors contend the transaction violated the company's credit agreements and improperly manufactured claims for senior lenders. They argue those claims should not be allowed to vote on Trinseo's Chapter 11 plan. Trinseo has defended the transaction as legitimate and consistent with its financing documents, according to report. The bankruptcy case began May 26, 2026 in Texas under a prepackaged restructuring agreement. Under the proposal, Trinseo would reduce its debt by approximately $2 billion and lower annual interest costs by roughly $140 million, giving the specialty materials company greater financial flexibility. The trial will address the competing creditor positions as the court considers whether the proposed plan satisfies the requirements for confirmation, the report states. About Trinseo PLC Trinseo PLC, headquartered in Wayne, Pa. -- https://www.trinseo.com/ -- is an international chemical and materials manufacturer specializing in plastics, latex binders, and synthetic rubber products. Its materials are used across industries such as automotive manufacturing, building and construction, electronics, and packaging, supporting a diversified industrial customer base worldwide. Trinseo PLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90115) on May 20, 2026. In its petition, the Debtor reports estimated assets and liabilities between $1 billion and $10 billion each. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as Trinseo's legal advisor in the restructuring, supported by co-counsel Hunton Andrews Kurth LLP. The company also retained Centerview Partners LLC as investment banker and FTI Consulting as financial and communications advisor. Ernst & Young LLP as tax auditor and tax accountant and Kroll Restructuring Administration LLC as claims agent. Paul Hastings LLP and PJT Partners advised the Senior Secured Lenders. Gibson, Dunn & Crutcher LLP and Howley Law PLLC represent the OpCo 2028 Ad Hoc Group of lenders. Lazard Freres & Co. also represents the group. Gray Reed and Pallas Partners (US) LLP represent the Ad Hoc Group of Excluded OpCo Term Lenders. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Porter Hedges LLP represent an ad hoc group of holders of 7.625% Second Lien Senior Secured Notes due 2029. TZADIK BLUE: Case Summary & Eight Unsecured Creditors ----------------------------------------------------- Debtor: Tzadik Blue Hawk LLC 2450 Hollywood Blvd., Suite 503 Hollywood, FL 33020 Business Description: Tzadik Blue Hawk LLC is a real estate company that owns and leases the Blue Hawk Apartments, a multifamily residential property located at 1022 W. Villard St. in Dickinson, North Dakota. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-20353 Debtor's Counsel: Jesse Cloyd, Esq. AGENTIS PLLC 45 Almeria Avenue Coral Gables FL 33134 Tel: (305) 722-2002 Email: jrc@agentislaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Adam M. Hendry as managing member. A full-text copy of the petition, which includes a list of the Debtor's eight unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/C7PNTQA/Tzadik_Blue_Hawk_LLC__flsbke-26-20353__0001.0.pdf?mcid=tGE4TAMA1 TZADIK BLUE: Soneet Kapila Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Soneet Kapila of Kapila Mukamal as Subchapter V trustee for Tzadik Blue Hawk, LLC. Mr. Kapila 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. Kapila declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Soneet R. Kapila Kapila Mukamal 1000 South Federal Highway, Suite 200 Fort Lauderdale, FL 33316 Tel: (954) 761-1011 Email: skapila@kapilamukamal.com About Tzadik Blue Hawk LLC Tzadik Blue Hawk, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-20353) on August 4, 2026, with $1,000,001 to $10 million in assets and liabilities. Jesse R. Cloyd, Esq. represents the Debtor as legal counsel. UNITED PLUMBING: Brian Shapiro Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 17 appointed Brian Shapiro as Subchapter V trustee for United Plumbing & Construction LLC. Mr. Shapiro will be paid an hourly fee of $650 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Shapiro 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 Shapiro 510 S. 8th Street Las Vegas, NV 89101 Phone: (702) 386-8600 Email: brian@trusteeshapiro.com About United Plumbing & Construction LLC United Plumbing & Construction LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-50772) on August 3, 2026, with $0 to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Hilary L. Barnes presides over the case. Kevin A. Darby, Esq. at Darby Law Practice, Ltd. represents the Debtor as legal counsel. UNIVERSAL HEALTH: S&P Alters Outlook to Pos., Affirms 'BB+' ICR --------------------------------------------------------------- S&P Global Ratings revised the outlook on Universal Health Services Inc. (UHS) to positive from stable and affirmed the 'BB+' issuer credit rating. S&P said, "At the same time, we assigned a 'BBB-' issue-level rating and '2' recovery rating to the company's proposed senior notes that will be issued in multiple tranches. The '2' recovery rating indicates our expectation for substantial (70%-90%; rounded estimate: 80%) recovery in the event of a default. "The positive outlook reflects our view that we could raise the rating if UHS' operating performance and financial policy keep leverage in the 2.0x-3.0x range and health policy risk doesn't increase beyond what we expect materially impacting the company's overall profitability. "We believe UHS will continue to perform well given relatively stable industry risk, good long-term growth prospects, only modest health policy risk, and our expectation that its financial profile will remain stable. "UHS' Talkspace acquisition slightly improves our view of the company's business. The pending completion of the $835 million Talkspace acquisition will slightly benefit the company's behavioral health segment. Currently, this segment is heavily concentrated (about 90%) in inpatient services. By contrast, Talkspace is mostly focused on outpatient therapy services (primarily virtual), which we believe is an important area of behavioral health UHS needed to address. While the near-term impact is relatively small, we expect over time it could become more impactful due to potential revenue synergies, access to over 6,000 therapists, and additional growth opportunities." The proposed note offering addresses near-term maturities and funding for Talkspace. UHS will use the proceeds from its proposed senior notes issuance to refinance its $700 million senior note due in September 2026, with the remaining proceeds put toward funding Talkspace. The company plans to fund the remaining purchase price of Talkspace (about $400 million) using proceeds from its recently issued $400 million delayed-draw term loan. UHS' revenue growth and margins remain solid but are feeling the impact of some emerging headwinds. S&P said, "We expect the company's revenue growth will decline from the 9.7% growth it experienced in 2025. The expiration of Affordable Care Act (ACA) subsidies have contributed to lower ACA enrollment, causing a decline in the number of health exchange patients. Other factors affecting growth include capacity constraints related to labor shortages in the behavioral business, some early 2026 weather issues that interrupted operations, and the sector's broad weakness in surgical volume. Still, we forecast same-store growth--coupled with some contribution from new centers--will generate solid growth of 7%-7.5% in 2026 and 6%-6.5% in 2027. Our lower forecast in 2027 is based on the continuation of lower ACA enrollment and a further possible increase in the uninsured population from work requirements under HR1." S&P said, "We believe these factors will also pressure UHS' margin, and we project its S&P Global Ratings-adjusted EBITDA margin will decline about 60 basis points (bps) in 2026 to 15.5%. We expect these factors--along with some de novo losses--will continue to pressure margins. Accordingly, we project 2027 margins will remain flat to a best-case increase of 50 bps, depending on the progression of the health exchange volume, the timing of Medicaid supplemental payments, rate increases, and the extent of labor pressure. UHS has increased its margin about 250 bps from a trough of about 13.5% in 2023 to its current level of about 16%. We don't believe there is significant margin upside from this level for the next couple of years. "With solid cash flow, we believe UHS will maintain strong credit metrics in 2026 and 2027. UHS' credit profile has been consistent for many years. Leverage has remained at 2x-3x for at least 10 years. In addition, it hasn't made any significant transformational acquisitions in years, and we don't see that changing anytime soon. "Despite the potential for industry related headwinds, we forecast UHS' cash flow to remain solid. In 2025, adjusted free operating cash flow to debt of 16.7% in 2025. We forecast it will improve to 17.7% in 2026. We expect UHS will continue to invest in same-market expansion, higher acuity services, and de novo growth. At this profitability level and assuming capex of $1.1 billion in 2026 and $1.2 billion in 2027, we expect share repurchases will likely increase. Due to the additional debt this year from the Talkspace acquisition, we project the company is likely to spend approximately $800 million in share repurchases this year. We expect that absent any other acquisitions, share buybacks could increase to about $1.3 billion in 2027. We expect this will keep leverage below 2.5x in both 2026 and 2027, in-line with or slightly below historical leverage levels for UHS. "The positive outlook reflects our view that we could raise the rating if UHS continues to maintain its solid operating performance despite industry headwinds. Ratings upside would also incorporate our view that UHS will continue to make financial policy and capital allocation decisions that keep leverage relatively close to its current level. "We could revise the outlook to stable if the company experiences operating performance below our expectation that suggests it's more vulnerable to factors such as health policy risk than we anticipated. Another path to a stable outlook is if the company's business performs as we expect but its financial policy becomes more aggressive such that leverage increases to or above 3x, and we expect it will remain there. "We could raise the rating if UHS demonstrates resilience against significant industry headwinds--most notably healthcare policy, such as the ACA exchange premium subsidy expiration and the One Big Beautiful Bill Act--such that it meets our base-case expectation of an S&P Global Ratings-adjusted EBITDA margin of at least 15.5%-16% and maintains a mid-high-single-digit percent growth rate while keeping leverage at 2x-3x." UNIVERSAL SAFETY: Increases Authorized Common Shares to 525 Million ------------------------------------------------------------------- Universal Safety Products, Inc. said in a regulatory filing with the Securities and Exchange Commission that on Aug. 7, 2026, it filed articles of amendment to its Articles of Incorporation with the Maryland State Department of Assessments and Taxation to: (i) effectuate an increase to the number of authorized shares of its common stock, par value $0.01, to 525 million from 20 million and (ii) eliminate super-majority voting requirements. As a result of the Super-Majority Voting Elimination, future amendments to the Articles of Incorporation will require the affirmative vote from the holders of a majority of all votes entitled to be cast on the matter. The Authorized Increase and Super-Majority Voting Elimination were approved by the Company's board of directors, subject to stockholder approval, on June 12, 2026, and approved by a super-majority vote of the stockholders of the Company at its July 31, 2026, Special Meeting of Shareholders. The Articles of Amendment become effective when the SDAT accepts the filing for record. A full-text copy of the Articles of Amendment is available at https://tinyurl.com/3s2mf85d. About Universal Safety Products, Inc. Universal Safety Products, Inc. is an American company that designs, markets, and distributes residential safety, security, and electrical devices. Philadelphia, Pennsylvania-based CBIZ CPAs P.C., the Company's auditor, issued a "going concern" qualification in its report dated July 2, 2026, attached to the Company's Annual Report, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. As of March 31, 2026, the Company had $4.5 million in total assets, $1.3 million in total liabilities, and $3.2 million in total shareholders' equity. UNIVERSITY CAMPUS: Case Summary & Three Unsecured Creditors ----------------------------------------------------------- Debtor: University Campus Hotel Fund, L.P. a California limited partnership 6280 Mission Blvd., Suite 204 Jurupa Valley CA 92509 Business Description: University Campus Hotel Fund, L.P. is a California limited partnership engaged in the ownership and development of a hotel property at 1277 University Ave. in Riverside, California. Chapter 11 Petition Date: August 6, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-16418 Judge: Hon. Scott H Yun Debtor's Counsel: Michael Chen, Esq. MICHAEL CHEN LAW, OFFICES 2975 Huntington Dr. Ste 101 San Marino, CA 91108 Tel: 626-249-2002 E-mail: michael@michaelchenlaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $1 million to $10 million The petition was signed by Hua Guo as President of Blooming Investment Group Inc., Manager for University Campus Hotel LLC, Managing General Partner for the Debtor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/V5QKYEQ/University_Campus_Hotel_Fund_LP__cacbke-26-16418__0001.0.pdf?mcid=tGE4TAMA List of Debtor's Four Unsecured Creditors: Entity Nature of Claim Claim Amount 1. YW Rising Builders Inc. Services $388,907 229 S. Mission Dr. San Gabriel, CA 91780 John Email: john@ywrising.com Tel: (626) 236-6687 2. Cal Land Engineering and Services $17,100 Associates, Inc. 574 E. Lambert Rd Brea, CA 92821 Accounting Email: accounting@callandeng.com Tel: (714) 671-1050 Fax: (310) 887-1850 3. Ecoff Campain & Kay, LLP Legal Fees $6,874 280 South Beverly Dr., Ste. 504 Beverly Hills, CA 90212 UPCYCLE LLC: Case Summary & Five Unsecured Creditors ---------------------------------------------------- Debtor: Upcycle, LLC 1735 S Santa Fe Ave Los Angeles, CA 90021-2904 Business Description: Upcycle, LLC is a Los Angeles-based apparel manufacturer and wholesaler that produces and distributes premium basic garments, including products made with organic and recycled materials, with a focus on reducing apparel waste and the environmental impact of clothing production. Chapter 11 Petition Date: August 7, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-17932 Judge: Hon. Sheri Bluebond Debtor's Counsel: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP P.O. Box 789 Pacific Palisades CA 90272 Tel: (310) 804-2157 Email: Ocbkatty@aol.com Total Assets: $184,750 Total Liabilities: $1,313,892 The petition was signed by Gregory Jules Lorber as managing member. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PVX332Q/Upcycle_LLC__cacbke-26-17932__0001.0.pdf?mcid=tGE4TAMA UPCYCLE LLC: Hires Totaro & Shanahan LLP as Insolvency Counsel -------------------------------------------------------------- Upcycle, LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Totaro & Shanahan, LLP, as general insolvency counsel. The firm will render these services: a. counsel the Debtor through meetings and phone calls, discussions concerning the requirements of the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, the Local Bankruptcy Rules, and the United States Trustee Guidelines; b. document preparation or amendments concerning the petition and schedules, status reports, review and consultation concerning Monthly Operating Reports, and personal attendance at all hearings, included but not limited to the Status Conference, Initial Debtor Interview , the meeting of creditors pursuant to Bankruptcy Code section 341(a) or any continuance thereof, all status conferences; preparation of any first day motions and employment applications and all hearings on motions, the disclosure statement and plan; c. consult with the Debtor's representative concerning documents needed and reports to be prepared and consultation with real estate counsel re title and other issues; d. assist the Debtor in preparation of documents for compliance with the requirements of the Office of the United States Trustee; e. negotiate with secured and unsecured creditors regarding the amount and payment of their claims; f. discuss with Debtor's representative concerning the Disclosure Statement and plan of reorganization; g. prepare the Disclosure Statement and Chapter 11 Plan of Reorganization and any amendments/changes to the same unless filed as a Sub-V case which does not require a disclosure statement; h. submit ballots to creditors, tally of ballots and submission to the Court; i. respond to any objections to disclosure statement and/or plan; j. negotiate with creditors as to values, etc., and the plan of reorganization; and k. respond to any motions for relief from stay, motions to dismiss or any other motions or contested matters. In cases involving litigation, the firm will undertake the following matters: a. preparation, submission and prosecution of any adversary proceedings that may be necessary to the case including but not limited to determining the value of real property as collateral and extinguishing unsecured liens on real property; b. review of proofs of claims and if necessary, preparation of formal objections with respect to claims asserted; c. opposition to any motion sought by trustee, court and/or creditors; d. any other adversary matter that arises during the administration of this chapter 11 case that may lead to an evidentiary hearing. Totaro & Shanahan will render services at the hourly rate of $650 per hour for attorneys and $200 per hour for paralegals. The firm received a retainer in the amount of $2,000. Totaro & Shanahan, LLP is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Michael R. Totaro, Esq. TOTARO & SHANAHAN, LLP P.O. Box 789 Pacific Palisades, CA 90272 Telephone: (310) 804-2157 E-mail: Ocbkatty@aol.com About Upcycle, LLC Upcycle, LLC is a Los Angeles, California-based sustainable textile manufacturing and creative upcycling company. Operating from Pacific Palisades, the company focuses on localized, environmentally conscious apparel production and, as of late 2025, collaborated with the Getty Museum on sustainability initiatives. Historically, Upcycle produced garments using proprietary yarn made from recycled plastic bottles and post-industrial cotton, with manufacturing conducted within a 25-mile radius of Los Angeles. Upcycle, LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-16017) on June 16, 2026. In its petition, the Debtor reported total assets of $184,750 and total liabilities of $1,311,047. The Honorable Bankruptcy Judge has not been identified in the available court records handles the case. The Debtor is represented by Michael R. Totaro, Esq., of Totaro & Shanahan, LLP. USA LAWNS: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: USA Lawns Inc. 167 Bluebonnet St. Sugar Land, TX 77478 Business Description: USA Lawns, Inc. is a Sugar Land, Texas-based landscaping company founded in 1978. The company provides landscape design, lawn and landscape maintenance, irrigation and drainage services, landscape enhancements, lighting, and water feature installation. It serves residential and commercial properties. Chapter 11 Petition Date: August 7, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-35864 Judge: Hon. Eduardo V Rodriguez Debtor's Counsel: Vicky M. Fealy, Esq. THE FEALY LAW FIRM, PC 1235 North Loop West Suite 1120 Houston TX 77008 Tel: (713) 526-5220 E-mail: vfealy@fealylawfirm.com Total Assets: $125,763 Total Liabilities: $1,189,026 The petition was signed by Terry Duffy as president. 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/HDJ523A/USA_Lawns_Inc__txsbke-26-35864__0001.0.pdf?mcid=tGE4TAMA VALLE DEL SUR: Case Summary & Two Unsecured Creditors ----------------------------------------------------- Debtor: Valle Del Sur Memorial Park Inc. Sector Pozo Hondo Carr. 7711 KM 0.5 Guayama, PR 00784 Business Description: Valle Del Sur Memorial Park Inc. operates a cemetery and memorial park in Guayama, Puerto Rico, providing cemetery and related memorial services from its property in the Pozo Hondo sector along PR-7711. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court District of Puerto Rico Case No.: 26-03651 Debtor's Counsel: Alexandra Bigas Valedon, Esq. MODESTO BIGAS LAW OFFICE P.O. Box 7462 Ponce, PR 00732 Tel: (787) 844-1444 Fax: (787) 842-4090 E-mail: alexandra.bigas@gmail.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Alejandro Mayendia Blanco as president. A full-text copy of the petition, which includes a list of the Debtor's two unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HLU2ULQ/VALLE_DEL_SUR_MEMORIAL_PARK_INC__prbke-26-03651__0001.0.pdf?mcid=tGE4TAMA VERASTEM INC: Amends Note Purchase Agreement with Oberland Capital ------------------------------------------------------------------ Verastem, Inc. said in a regulatory filing with the Securities and Exchange Commission that on Aug. 6, 2026, it entered into Amendment No. 3 to its Note Purchase Agreement, dated as of Jan. 13, 2025, as previously amended by Amendment No. 1 dated as of Oct. 31, 2025, and Amendment No. 2 dated as of March 2, 2026, by and among the Company, certain funds managed by Oberland Capital Management LLC and RGCM SA LLC, as purchaser agent. The Amendment amends the financing arrangement under the Note Purchase Agreement by establishing two separate series of senior secured notes: (i) "Initial Notes," which are the notes in an initial aggregate principal amount of $75 million previously issued on the Original Closing Date in connection with the first purchase under the Note Purchase Agreement, and (ii) "Revenue Notes," which are a new series of notes to be issued in two tranches under the Note Purchase Agreement with an aggregate purchase price of up to $75 million. The establishment of the Revenue Notes replaces the previous conditional second and third tranches of $25.0 million principal amount of Initial Notes and $50 million principal amount of Initial Notes, respectively. The Amendment provides that: * an initial tranche of $50 million in Revenue Notes will be issued on Aug. 28, 2026, subject to satisfaction of certain customary conditions precedent; and * at the option of the Company, a second tranche of $25 million principal amount of Revenue Notes may be issued, at any time on or prior to May 15, 2027, provided that worldwide net sales of avutometinib and defactinib are at least $40.0 million for the calendar quarter ended immediately prior to the Third Purchase and subject to certain other customary conditions precedent. The Revenue Notes are a separate series of notes that, rather than bearing fixed interest, entitle the Purchasers to quarterly payments equal to the "Revenue Payment Percentage" of net sales of the Company's products that combine avutometinib and defactinib for such fiscal quarter, including any monetary damages recovered from a third party in any action brought for such third party's infringement of any intellectual property related to such products, but only to the extent such damages are awarded for lost sales of the product and are net of specified enforcement expenses and amounts required to be allocated to licensors or sublicensees. The Revenue Payment Percentage will initially be 4.5%. If the total Revenue Payments are equal to or greater than 100% of the then total purchase price paid by the Purchasers for all Revenue Notes as of Dec. 31, 2031, the Revenue Payment Percentage will automatically decrease to 1.75% after the Test Date. If the Test Date Condition is not satisfied by the Test Date, the Purchasers will be entitled to a one-time contingent make-whole payment from the Company in an amount equal to 100% of the Funded Amount as of the Test Date less the total Revenue Payments made by the Company as of the Test Date. The maturity date for the Revenue Notes is June 30, 2033. All of the Revenue Notes may be redeemed prior to the Revenue Note Maturity Date at the option of the Company, subject to payment of the "Repayment Amount." If the Revenue Notes are redeemed or repaid, the "Repayment Amount" will be: (a) 135% of the Funded Amount if redemption occurs on or prior to the first anniversary of the date of the Second Purchase upon a change of control of the Company; (b) 150% of the Funded Amount if clause (a) does not apply and redemption occurs on or prior to the first anniversary of the Second Purchase Date upon a sale or exclusive license by the Company of all or substantially all intellectual property relating to the Primary Product (as defined in the Note Purchase Agreement) within the United States; (c) 150% of the Funded Amount if clauses (a) and (b) do not apply and the Repayment Amount is paid on or prior to the Test Date and the Test Date Condition has been met; (d) 165% of the Funded Amount if clauses (a), (b), and (c) do not apply and redemption occurs on or prior to the third anniversary of the Second Purchase Date; and (e) 185% of the Funded Amount if clauses (a), (b) and (c) do not apply and redemption occurs after the third anniversary of the Second Purchase Date (provided that the Cap Amount decreases to 150% of the Funded Amount following the Test Date if the Test Date Condition has been met), minus, in each case, total Revenue Payments, any Contingent Make-Whole Payment, and all payments of original issue discount in respect of the Revenue Notes paid in cash prior to such date. In the event of any voluntary prepayment of the Revenue Notes upon the sale or exclusive license (other than a Permitted License (as defined in the Note Purchase Agreement)) of all or substantially all intellectual property relating to the Primary Product within the United States, a portion of the Repayment Amount for the Revenue Notes in an amount not to exceed 25% of the Funded Amount may, at the option of the Company, be paid in shares of the Company's common stock, subject to certain conditions and limitations. The Purchasers may demand redemption of the Notes prior to the applicable maturity date in the event of certain change of control events or events of default, subject to payment of the then-applicable Repayment Amount. The Company's obligations under the Note Purchase Agreement, as amended, continue to be secured by a first-priority security interest (subject to certain permitted liens) on substantially all of the Company's and its subsidiaries' assets, including its intellectual property related to avutometinib and defactinib, and subject to a negative pledge on the Company's intellectual property. The Note Purchase Agreement contains no financial covenants. The Company's obligations remain subject to customary affirmative and negative covenants, including limitations on the Company's ability to dispose of assets, undergo a change of control, merge with or acquire other entities, incur debt, incur liens, pay dividends or other distributions to holders of its capital stock, repurchase stock, and make investments, in each case subject to certain exceptions. Until the maturity date of the Initial Notes (the seventh anniversary of Jan. 13, 2025), the Company is obligated to make quarterly Revenue Participation Payments to the Purchasers equal to the "Revenue Participation Percentage" of net sales of the Company's products that combine avutometinib and defactinib during such fiscal quarter, subject to a cap of $100 million of such net sales in each fiscal year. Following the Amendment, the Revenue Participation Percentage is fixed at 1% and will not be adjusted in connection with the issuance of additional Notes. The applicable interest rate and other terms of the Initial Notes remain unchanged as a result of the Amendment. The outstanding principal amount of the Initial Notes bears interest at a rate per annum equal to the sum of: (i) the greater of the Term SOFR (as defined in the Note Purchase Agreement) and 4.29%, and (ii) 3.71%, subject to adjustment in certain circumstances set forth in the Note Purchase Agreement and an overall cap of 9.75%, payable quarterly in arrears until the Initial Notes Maturity Date. For the first eight payment dates on which interest on the Initial Notes is owed and continuing, at the Company's option, up to 50% of the interest due may be paid in kind and added to the then-outstanding principal balance of the Initial Notes. Upon the occurrence and during the continuance of an Event of Default (as defined in the Note Purchase Agreement), the then-applicable interest rate on all outstanding Initial Note obligations may be increased by an additional 5%. A copy of the amendment is available at https://tinyurl.com/58dmjysk. About Verastem, Inc. Verastem, Inc. is a biopharmaceutical company committed to the development and commercialization of new medicines to improve the lives of patients diagnosed with ras sarcoma/mitogen activated pathway kinase pathway-driven cancers. The Company's pipeline is focused on novel small molecule drugs that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, including RAF/MEK inhibition, FAK inhibition, and KRAS G12D inhibition. As of June 30, 2026, the Company had $206.5 million in total assets, $156.5 million in total liabilities, and $50 million in total stockholders' equity. As of June 30, 2026, the Company had cash, cash equivalents, and investments of $136.4 million. The Company anticipates that operating losses may continue for the foreseeable future, and the Company continues to incur operating costs to execute its strategic plan, including costs related to research and development of its product candidates and commercial activities. As a result of the assessment in accordance with the applicable accounting standards, these conditions raise substantial doubt about the Company's ability to continue as a going concern for the next 12 months. VERASTEM INC: State Street Discloses 5.8% Equity Stake ------------------------------------------------------ State Street Corporation, disclosed in a Schedule 13G filed with the U.S. Securities and Exchange Commission that, as of June 30, 2026, it beneficially owns 5,133,859 shares of Verastem, Inc.'s Common Stock, with shared voting power over 5,046,829 shares, shared dispositive power over 5,133,859 shares, and no sole voting or dispositive power, representing 5.8% of the Common Stock outstanding. The securities are held through subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Trust Company (each classified as an investment adviser). State Street Corp. may be reached through: Elizabeth Schaefer One Congress Street Suite 1 Boston, MA 02114 Tel: 484-328-4701 A full-text copy of State Street Corporation's SEC report is available at https://tinyurl.com/2cynszy8. About Verastem, Inc. Verastem, Inc. is a biopharmaceutical company committed to the development and commercialization of new medicines to improve the lives of patients diagnosed with ras sarcoma / mitogen activated pathway kinase pathway-driven cancers. The Company's pipeline is focused on novel small molecule drugs that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, including RAF/MEK inhibition, FAK inhibition and KRAS G12D inhibition. As of June 30, 2026, the Company had $206.5 million in total assets, $156.5 million in total liabilities, and $50 million in total stockholders' equity. As of June 30, 2026, the Company had cash, cash equivalents, and investments of $136.4 million. The Company anticipates that operating losses may continue for the foreseeable future and the Company continues to incur operating costs to execute its strategic plan, including costs related to research and development of its product candidates and commercial activities. As a result of the assessment in accordance with the applicable accounting standards, these conditions raise substantial doubt about the Company's ability to continue as a going concern for the next 12 months. VISIONARY SYSTEMS: Hires Davis Ermis & Roberts as Counsel --------------------------------------------------------- Visionary Systems, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to employ Davis, Ermis & Roberts, P.C. as counsel. The firm will provide these services: (a) give the Debtor legal advice with respect to its powers and duties as Debtor-In-Possession in the continued operation of the business and management of its property; (b) prepare on behalf of the Debtor, as Debtor-In-Possession, necessary applications, orders, answers, reports, and other legal papers; and (c) perform all other legal services for the Debtor, as Debtor-In-Possession, which may be necessary herein. The firm will be paid at these rates: Attorneys $650 per hour Legal Assistants $120 per hour The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Mr. Davis disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Craig D. Davis, Esq. Davis, Ermis & Roberts, P.C., 2000 E. Lamar Blvd., Ste 780 Arlington, TX 76006 Tel: (972) 263-5922 Fax: (972) 262-3264 About Visionary Systems, Inc. Visionary Systems Inc. is a Fort Worth, Texas-based specialty contractor that installs and services low-voltage electrical, communications, security and building-control systems for commercial and multifamily construction projects. Visionary Systems Inc. in Fort Worth, TX, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. N.D. Tex. Case No. 26-43376) on July 31, 2026, listing $67,499 in assets and $1,456,679 in liabilities. Jeffrey R. Dickens as president, signed the petition. Judge Edward L Morris oversees the case. DAVIS, ERMIS & ROBERTS P.C. serve as the Debtor's legal counsel. VOLITIONRX LTD: Issues 779,371 Shares to Satisfy Lind Note Payments ------------------------------------------------------------------- VolitionRx Limited said in a regulatory filing with the Securities and Exchange Commission that in connection with its obligations under senior secured convertible promissory notes issued to Lind Global Asset Management XII LLC, a Delaware limited liability company, the Company completed the following share issuances: (a) on July 14, 2026, the Company issued 116,651 shares of common stock to satisfy a $133,333 payment obligation; (b) on July 16, 2026, the Company issued 372,023 shares of common stock to satisfy a $416,666 payment obligation; and (c) on Aug. 6, 2026, the Company issued 290,697 shares of common stock to satisfy a $200,000 conversion obligation. The notes were originally issued pursuant to a securities purchase agreement dated May 15, 2025, as amended and restated on Jan. 7, 2026, in the original principal amounts of $7.5 million and $2.4 million. The offering and sale of the shares of common stock was made in reliance on the exemption afforded by Section 3(a)(9) or, alternatively, Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506 of Regulation D under the Securities Act and corresponding provisions of state securities or "blue sky" laws. The issuances were to an existing securityholder, did not involve any paid commissions, did not involve a public offering, and were made without general solicitation or general advertising. About Volition Henderson, Nev.-based VolitionRx Limited is a multinational epigenetics company. It has patented technologies that use chromosomal structures, such as nucleosomes, and transcription factors as biomarkers in cancer and other diseases. Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's auditor since 2011, issued a "going concern" qualification in its report dated March 31, 2026, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2025, citing that the Company suffered recurring losses from operations, negative cash flows from operations, and minimal revenues, which raises substantial doubt about its ability to continue as a going concern. As of March 31, 2026, the Company had $9 million in total assets, $42.4 million in total liabilities, and $33.4 million in total stockholders' deficit. VOLUNTEER PHARMACY: Gets OK to Use Cash Collateral Until Aug. 20 ---------------------------------------------------------------- Volunteer Pharmacy, Inc. received second interim approval from the U.S. Bankruptcy Court for the Eastern District of Tennessee to use cash collateral. Under the second interim order, the Debtor is authorized to use up to $91,300.54 in cash collateral from August 1 to 20 based on the court-approved budget, subject to a 20% variance by budget category. The Debtor identified the U.S. Small Business Administration and NorthEast Bank as secured creditors with interests in the cash collateral. It also listed QC Capital Solutions, Cardinal Health, Fox Funding Group, and CGF Merchant Solutions as potential secured creditors whose valid security interests, if any, may also encumber the cash collateral. Secured creditors will be granted adequate protection through replacement liens on the Debtor's pre-petition and post-petition collateral, with the same scope, priority, and perfection as their pre-petition liens. The order preserves the secured creditors' rights to seek additional adequate protection or a superpriority administrative claim if the protection later proves insufficient. The Debtor is required under the interim order to timely deposit payroll taxes, file all post-petition tax returns, maintain adequate insurance naming secured lenders as loss payees, and comply with all reporting obligations. Failure to comply with the order may result in dismissal or conversion of the Debtor's Chapter 11 case upon motion by the U.S. trustee. A copy of the court's order is available at https://shorturl.at/DwUvL from PacerMonitor.com. A final hearing is scheduled for August 20, with objections due by August 17. About Volunteer Pharmacy Inc. Volunteer Pharmacy, Inc. is a Knoxville, Tennessee-based retail and compounding pharmacy providing prescription medications, customized pharmaceutical compounding and specialty pharmacy services. The company continues to operate from its Knoxville facility and maintains Pharmacy Compounding Accreditation Board (PCAB) and PersonalMed accreditations recognizing its compounding practices. Volunteer Pharmacy sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tenn. Case No. 26-31399) on July 13, 2026. In its petition, the Debtor reported estimated assets of $500,000 to $1 million and estimated liabilities of $1 million to $10 million. Honorable Suzanne H. Bauknight handles the case. The Debtor is represented by Edward J. Shultz, Esq., of Tarpy Cox Fleishman & Leveille, PLLC. WAYFAIR INC: Liabilities Exceed Assets by US$2.8-Bil. at June 30 ---------------------------------------------------------------- Wayfair Inc.'s stockholder's deficit was US$2.8 billion at June 30, 2026. The stockholder's deficit was US$2.8 billion at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$3.0 billion and total liabilities of US$5.8 billion. At Dec. 31, 2025, the Company had total assets of US$3.4 billion and total liabilities of US$6.2 billion. As of June 30, 2026, the Company said its principal source of liquidity was cash and cash equivalents and short-term investments totaling approximately US$1.1 billion, supplemented by a US$500.0 million senior secured revolving credit facility maturing March 13, 2030, with no revolving loans outstanding and US$82.0 million of letters of credit reducing available capacity. Wayfair reported total liquidity, excluding availability under the Revolver, of US$1.1 billion at June 30, 2026, compared with US$1.5 billion at Dec. 31, 2025, and stated that existing cash and investments, cash from operations and borrowing capacity under the Revolver should be sufficient to meet anticipated cash needs for at least the next 12 months, while noting that assumptions could prove inaccurate. The Company also indicated it may pursue additional financing or liability management transactions, including equity, equity-linked or debt offerings and potential repurchases, restructurings or exchanges of its convertible debt, subject to market conditions, liquidity needs and other factors, and cautioned that ongoing macroeconomic disruptions and capital market volatility could affect its access to financing and cost of capital. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=klp1QO About Wayfair Inc. Wayfair Inc. is an e-commerce company that operates an online platform for home goods, offering furniture, decor, housewares and related products from a broad network of suppliers to consumers. The Company focuses on a digital-first retail model, leveraging technology, data and logistics capabilities to support its marketplace and direct-to-consumer sales. WILDWOOD MEDICAL: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Wildwood Medical Center, LLC 107 W. Jefferson Street Rockville MD 20850 Business Description: Wildwood Medical Center, LLC is a Bethesda, Maryland-based real estate company that owns and develops commercial and residential properties along Old Georgetown Road in Montgomery County, including properties associated with the Wildwood Medical Center development. Chapter 11 Petition Date: August 4, 2026 Court: United States Bankruptcy Court District of Maryland Case No.: 26-18490 Debtor's Counsel: Matthew Abbott, Esq. WOLFF & ORENSTEIN LLC 15245 Shady Grove Road Suite 465 - North Rockville, MD 20850-4231 Tel: 301-250-7232 E-mail: mabbott@wolawgroup.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Alvin Aubinoe II as general manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/G6QSUIA/Wildwood_Medical_Center_LLC__mdbke-26-18490__0001.0.pdf?mcid=tGE4TAMA WOMBLE CONTRACTING: Case Summary & 30 Largest Unsecured Creditors ----------------------------------------------------------------- Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Womble Contracting, Inc. (Lead Case) 26-90759 D/B/A Womble Company, Inc. 12821 Industrial Rd Houston, TX 77015 Bradon, Inc. 26-90760 12821 Industrial Rd Houston, TX 77015 Business Description: The Debtors are a Houston-based, family-owned and operated company that provides internal and external pipe coating services for the pipeline industry. Founded in 1972 by Alice and John Womble, the company provides fusion-bonded epoxy, abrasion-resistant overlay, concrete weight coating, internal coating and cement lining designed to protect pipeline infrastructure. The Debtors also use a proprietary barcoding system to track pipe ownership, coating type and related specifications throughout the coating process. Chapter 11 Petition Date: August 10, 2026 Court: United States Bankruptcy Court Southern District of Texas Judge: Hon. Christopher M Lopez Debtors' Co-Counsel: Genevieve M. Graham, Esq. GENEVIEVE GRAHAM LAW, PLLC DBA GRAHAM PLLC 4203 Montrose Blvd Suite 550 Houston, Texas 77006 Tel: (832) 367-5705 Email: ggraham@graham-pllc.com - and - Gabe Perez, Esq. ZENDEH DEL & ASSOCIATES, PLLC 1813 61st Street, Suite 101 Galveston, Texas 77551 Tel: (409) 740-1111 Fax: (409) 515-5007 Email: gabe@zendehdel.com Each Debtor's Estimated Assets: $10 million to $50 million Each Debtor's Estimated Liabilities: $10 million to $50 million The petitions were signed by Alice Womble as chaiman of the Board. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/M6URP7A/Womble_Contracting_Inc_dba_Womble__txsbke-26-90759__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/RPUSDJQ/Bradon_Inc__txsbke-26-90760__0001.0.pdf?mcid=tGE4TAMA Consolidated List of Debtors' 30 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. HPI Land Investment Inc Property/Landlord $1,755,000 21406 Santa Clara Katy, TX 77450 2. Valspar Corporation Trade Payable $1,373,107 PO Box 741604 Atlanta, GA 30371-1604 Contact: Paul Anselmo, Credit Manager Tel: 216-515-7231; 816-855-7185 Email: paul.g.anselmo@sherwin.com 3. Labarge Realty LLC Property/Landlord $810,000 7583 Bay Colony Dr Naples, FL 34108 4. Xpedite Services LLC Trade Payable $639,240 PO Box 227362 Dallas, TX 75222-7362 Contact: Customer Relations Tel: 602-337-5785 Email: customerrelations@xpedite-services.com 5. Sherwin Williams Company Trade Payable $635,242 10132 Buxton Houston, TX 77017-2719 Contact: Customer Service Tel: 713-473-6627 Email: coa.customer_service@sherwin.com 6. Cokinos Energy Corporation Utilities $331,642 PO Box 669211 Dallas, TX 75266-9211 Email: riskprime@cokinosenergy.com 7. Seal For Life Trade Payable $328,223 Industries US LLC PO Box 95099 Chicago, IL 60694-5099 Contact: Seal For Life Email: infosfl@henkel.com 8. Sun Coast Resources Inc Trade Payable $310,708 PO Box 735606 Dallas, TX 75373-5606 Tel: 800-677-3835 Email: reports@suncoastresources.com 9. City Of Houston Utilities/Government $306,809 Water Department PO Box 1560 Houston, TX 77251 Contact: Houston 311 Water Billing Tel: 713-371-1400 Email: customer.service@houstontx.gov 10. Carboline Company Trade Payable $305,361 PO Box 931942 Cleveland, OH 44193 Tel: 888-227-2654 Email: kathi.grau@carboline.com 11. Reliant Energy Dept 0954 Utilities $275,656 PO Box 120954 Dallas, TX 75312-0954 Contact: Jose (Tony) Martinez Tel: 888-315-1558 Email: tony.martinez@nrg.com 12. Argos USA LLC Trade Payable $218,616 3015 Windward Plaza, Suite 300 Alpharetta, GA 30005 Customer Value Center Tel: 1-800-331-0022 Email: argos-communications@argos-us.com 13. Grant Phillips Law PLLC Trade Payable $190,500 670 Long Beach Blvd Long Beach, NY 11561 Contact: Grant Phillips Email: grant@grantphillipslaw.com 14. Surface Preparation - Trade Payable $179,325 Texas, LLC 5973 S Loop East Houston, TX 77033 Email: ddepriest@surfaceprep.com 15. Houston Industrial Materials Trade Payable $173,172 6040 Upshaw Dr Ste 105 Humble, TX 77396 Tel: 281-441-9682 16. Cooper/Ports America LLC Trade Payable $148,854 Dept 548 PO Box 4346 Houston, TX 77210 Tel: 713-671-3400 17. United Rentals Trade Payable $127,112 Northwest Inc PO Box 840514 Dallas, TX 75284-0514 Tel: 281-479-8500 18. Richway Transportation Trade Payable $117,177 Services Inc Dept #9015 P.O. Box 248903 Oklahoma City, OK 73124-8903 Tel: 251-432-0081 19. Gulf States Trucking Trade Payable $112,475 529 S 16th St La Porte, TX 77571 Contact: Jake Manchaca Tel: 713-946-2900 Email: jake.manchaca@paulinc.com 20. Waste Management Trade Payable $98,026 As Payment Agent PO Box 660345 Dallas, TX 75266-0345 Contact: Customer Service Tel: 800-772-8653; 713-686-6666 Email: ntoacs@wm.com 21. Cigna Healthcare Employee Benefits $94,471 PO Box 847990 Dallas, TX 75284-7990 Contact: Employer Eligibility and Billing Tel: 800-603-0125 22. Wells Fargo Equipment $87,097 Financial Leasing Lease/Finance PO Box 77096 Minneapolis, MN 55480 Contact: Customer Service Tel: 866-497-6661 23. Houston Ship Channel Government Assessment $74,200 Security District 4400 Highway 225 E Ste 200 Deer Park, TX 77536 Contact: District Office Tel: 713-671-0947 24. Ahmad Zavitsanos & Professional Services $71,131 Mensing PLLC 1221 McKinney St Ste 2500 Houston, TX 77010 Contact: Billing Tel: 713-655-1101 Email: billing@azalaw.com 25. ROMCO Equipment Company LLC Essential Equipment / $57,616 PO Box 736957 Forklift Dallas, TX 75373-6957 Contact: ROMCO Equipment Tel: 214-819-4100 26. Navasota Industrial Trade Payable $57,430 Supply, LTD P.O. Box 1487 Navasota, TX 77868 Contact: Accounts Receivable Email: ar@nistx.com 27. Hunter Crane & Essential Equipment $56,488 Equipment Inc Rental PO Box 2429 Texas City, TX 77592 Tel: 409-945-2382 28. 3L Energy Solutions Trade Payable $47,229 PO Box 200737 Dallas, TX 75320 Tel: 713-434-7600 Email: gwen.jones@3lus.com 29. Crest Industrial Trade Payable $43,945 Chemicals Inc 1737 County Road 57 Rosharon, TX 77583 Tel: 713-780-1828 30. EquipmentShare.com Inc Essential Equipment $42,533 PO Box 650429 Rental Dallas, TX 75265-0429 Tel: 346-500-4961 Email: invoicing@billing.equipmentshare.com WORKIVA INC: Liabilities Exceed Assets by $97.1M at June 30 ----------------------------------------------------------- Workiva Inc.'s stockholder's deficit was US$97.1 million at June 30, 2026. The stockholder's deficit was US$5.4 million at Dec. 31, 2025. At June 30, 2026, the Company had total assets of US$1.4 billion and total liabilities of US$1.5 billion. At Dec. 31, 2025, the Company had total assets of US$1.5 billion and total liabilities of US$1.5 billion. As of June 30, 2026, the Company disclosed that its principal sources of liquidity were cash, cash equivalents and marketable securities totaling US$815.2 million, which were held for working capital purposes. The Company said: "We have financed our operations primarily through cash generated from operations and issuances of convertible debt. We have generated significant operating losses as reflected in our accumulated deficit on our condensed consolidated balance sheets. While we may incur operating losses and negative cash flows from operations in the future, we believe that current cash and cash equivalents and cash flows from operating activities will be sufficient to fund our operations for at least the next twelve months." The Company also highlighted its outstanding convertible debt, including US$71.2 million of 1.125% 2026 Notes maturing Aug. 15, 2026, and US$697.4 million of 1.250% 2028 Notes maturing Aug. 15, 2028. A full-text copy of the Form 10-Q is available at https://urlcurt.com/u?l=rpVL9v About Workiva Inc. Workiva Inc. provides cloud-based compliance, reporting and data collaboration solutions that help organizations manage complex reporting and disclosure requirements. The Company serves corporations, government entities and other enterprises seeking to streamline financial, regulatory and management reporting processes. YUNHONG GREEN: Q2 Net Loss Widens to $543K; Going Concern Persists ------------------------------------------------------------------ Yunhong Green CTI Ltd. 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, reporting a net loss of $543,000 for the three months ended June 30, 2026, compared to a net loss of $185,000 for the same period in the prior year. For the six months ended June 30, 2026, the Company reported a net loss of $884,000, compared to a net loss of $601,000 for the same period in the prior year. Net sales for the three-month periods ended June 30, 2026, and 2025, were approximately $3.9 million and $5.5 million, respectively. Net sales for the six months ended June 30, 2026, were $10.1 million, compared to $10.3 million for the same period in the prior year. Liquidity and Going Concern The Company's financial statements are prepared using accounting principles generally accepted in the United States applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has a cumulative net loss from inception to June 30, 2026, of approximately $29 million. The accompanying financial statements for the three months ended June 30, 2026, have been prepared assuming the Company will continue as a going concern. Existing cash resources and cash expected to be generated from operations are not expected to be sufficient to fund the Company's anticipated operating requirements over the next twelve months without additional financing. The ability of the Company to continue as a going concern is dependent on the Company having adequate capital to fund its operating plan and performance. Management's plans to continue as a going concern include raising additional capital, including through a potential registered offering of equity securities, as well as borrowings, continuing to focus on attaining profitable operations, and exploring alternative funding sources on an as-needed basis. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The supply chain challenges, inflationary pressures, and tariffs have impacted the Company's business operations to some extent and are expected to continue to do so, and these impacts may include reduced access to capital. The ability of the Company to continue as a going concern may be dependent upon its ability to successfully secure other sources of financing and attain profitable operations. There is substantial doubt about the ability of the Company to continue as a going concern within the next 12 months. The Company's primary sources of liquidity have traditionally been comprised of cash and cash equivalents as well as availability under a Credit Agreement. The Credit Agreement with Line Financial, as most recently amended in September 2025, includes a revolving credit facility for up to $7 million and a term loan of $0.7 million, all supported by the majority of our assets. This Agreement was extended during September 2025 to mature April 30, 2027, under substantially similar terms. Senior Credit Facilities As of June 30, 2026, the Company maintained senior secured credit facilities with Line Financial, consisting of a $7 million revolving credit facility and a $0.7 million term loan. The facilities are secured by substantially all Company assets. Borrowings under the Revolving Credit Facility bear interest at the prime rate + 7.82% (14.57% as of June 30, 2026), while the term loan bears interest at the prime rate plus 1.45% and is repaid in monthly installments of approximately $15,000. The facilities include standard financial and operational covenants, including a minimum tangible net worth requirement of $4 million, with which the Company was in compliance as of June 30, 2026. In September 2025, the Company executed a Fifth Amendment extending maturity to April 30, 2027, and increasing the revolving commitment from $6 million to $7 million. The amendment also introduced a 0.75% renewal fee payable in two equal installments (October 2025 and September 2026) and a $12,500 commitment fee associated with the expanded facility. At June 30, 2026, the company had $4.6 million outstanding on the revolving facility and $0.45 million on the term loan, with $2.4 million of remaining borrowing capacity. A full-text copy of the Company's Form 10-Q is available at https://tinyurl.com/4xmkzjcs. About Yunhong Green Barrington, Ill.-based Yunhong Green CTI Ltd develops, produces, distributes and sells a number of consumer products throughout the United States and in several other countries, and it produces film products for commercial and industrial uses in the United States. The Company's principal lines of products include Novelty Products consisting principally of foil and latex balloons and related gift items; and Flexible Films for food and other commercial and packaging applications. As of June 30, 2026, the Company had $18.6 million in total assets, $10.9 million in total liabilities, and $7.7 million in total stockholders' equity. Boston, Massachusetts-based Wolf & Company, P.C, the Company's auditor since 2020, issued a "going concern" qualification in its report dated March 23, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2025, citing that the Company has suffered recurring losses from operations and has an accumulated deficit. This raises substantial doubt about the Company's ability to continue as a going concern. ZD SAND: Seeks $1.3MM DIP Loan From Equify ------------------------------------------ Janet Northrup, the Chapter 11 trustee for ZD Sand LLC, asks the U.S. Bankruptcy Court for the Southern District of Texas for retroactive authorization for postpetition equipment financing, granting liens, providing adequate protection, and modifying the automatic stay. The Debtor, which operates sand and aggregate operations in Voca, Texas—producing concrete sand, aggregate, topsoil, and "Tuxedo Black" black aggregate—filed for Chapter 11 on April 6, 2026. Upon her post-appointment investigation, the Trustee discovered that on April 15, 2026—nine days after the petition date—Debtor managers Richard W. Andrews and Tatiana Golovina entered into an unauthorized Promissory Note and Security Agreement with Equify Financial, LLC without court approval or knowledge of Debtor's counsel. Equify advanced $1,280,700 to finance a Terex Cedarapids CRC1350 portable cone crusher and filed a UCC financing statement on April 16, 2026. Under the loan agreement, Equify also took security interests in additional equipment owned prepetition by the Debtor: a Volvo L260H wheel loader and a Caterpillar 745 off-road articulated dump truck. The Trustee emphasizes that retroactive approval under 11 U.S.C. sections 364 and 361 is necessary and a sound exercise of business judgment because the equipment is essential to estate operations. The Cone Crusher is used to process black rock, generating $155,038 in receipts from the petition date through July 26, 2026 (approximately $38,750 monthly), which significantly exceeds the monthly financing cost of $21,345. Under the negotiated modifications to the financing agreement, Equify's security interest is strictly limited to the Cone Crusher (as a first-priority purchase money security interest) and the Additional Equipment, specifically excluding all other estate assets, cash, accounts receivable, real estate, and avoidance actions. Within 20 days of entry of the order, Equify must amend its UCC filing to reflect these restricted liens. The key terms of the modified $1,280,700 equipment loan include a maturity date of May 20, 2031, with precomputed non-default interest, a default interest cap of 0.0666% daily, a 5% late fee, and a 0.19% monthly prepayment premium. Repayment terms require an initial payment of $43,757 within 10 days of order entry, followed by 60 monthly installments of $21,345 due on the 20th of each month. As adequate protection, the Debtor will maintain the equipment in good repair, maintain full replacement value insurance naming Equify as loss payee, and make all scheduled payments. The Debtor also establishes Equify as a good-faith lender under section 364(e) and modifies the automatic stay under section 362: in the event of default, Equify must provide a 20-day written notice to cure; if uncured (and unless the Trustee requests an emergency hearing), Equify may file a Certification of Non-Cure to automatically lift the stay and pursue foreclosure remedies. A hearing on the matter is scheduled for September 15, at 1:30 P.M. A copy of the motion is available at https://urlcurt.com/u?l=EF7ZLV from PacerMonitor.com. Equify, as DIP lender, is represented by: PADFIELD & STOUT, LLP Matthew D. Giadrosich, Esq. Christopher V. Arisco, Esq. E. Grace Bregard, Esq. 100 Throckmorton Street, Suite 700 Fort Worth, Texas 76102 Telephone: 817-338-1616 Facsimile: 817-338-1610 mdg@padfieldstout.com carisco@padfieldstout.com gbregard@padfieldstout.com 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. Janet S. Northrup, the Chapter 11 trustee for ZD Sand LLC, tapped Heather H. McIntyre, Esq., and Beatrice Grevel, Esq., at Hughes Watters Askanase, LLP as general bankruptcy counsel, and Jones Murray, LLP as special counsel. [] 2,000+ Firms Use Credit Rehab Restructuring to Avoid Bankruptcy ------------------------------------------------------------------ Over the past 12 months, more than 2,000 businesses entered Credit Rehabilitation Restructuring (CRR) engagements through Second Wind Consultants and its Rise Alliance division. Together, these engagements addressed more than $300 million in merchant cash advance obligations, marking a 30% increase over the prior year, as ongoing merchant cash advance distress continues to reshape the financial landscape for Main Street and lower middle market businesses. The engagements provided an out-of-court restructuring alternative that allowed businesses to avoid bankruptcy filings and costly creditor litigation while establishing a path toward restored conventional financeability. "Merchant cash advance distress is often approached as a payment negotiation problem when, in reality, it is frequently a broader commercial restructuring problem," said Robert DiNozzi, CGO of Second Wind Consultants. The milestone comes amid unprecedented demand for MCA relief services, attorney-led negotiations, and payment-modification programs. While those approaches can help under limited circumstances, Second Wind believes many businesses in acute MCA distress require a broader commercial restructuring framework, one capable of preserving the operating business itself while restoring access to conventional commercial finance. "Merchant cash advance distress is often approached as a payment negotiation problem when, in reality, it is frequently a broader commercial restructuring problem," said Robert DiNozzi, CGO of Second Wind Consultants. "Lower payments may buy immediate breathing room, but lasting relief depends on protecting operating accounts and receivables from legally unwarranted creditor interference, coordinating stakeholders, preserving enterprise value, and creating a responsible path back to conventional commercial finance." Recognized as Turnaround Firm of the Year by ABF Journal, Second Wind has advanced CRR through years of engagements involving distressed businesses, commercial lenders, turnaround professionals, restructuring counsel, and specialty finance providers. Rather than treating negotiated payment accommodations as the end objective, the methodology positions them as one component of a broader rehabilitation process. The restructuring begins by protecting operating accounts and receivables from legally unwarranted creditor actions, while coordinating stakeholders and building the commercial leverage necessary for productive negotiations. That protected environment gives businesses the opportunity to rebuild liquidity, restore collateral availability, rehabilitate their capital structures, and progressively qualify for conventional financing capable of refinancing and exiting MCA obligations on responsible terms. Merchant cash advances have expanded rapidly over the past decade. The industry does not report origination data to any regulator, but independent estimates place current U.S. volume in the range of $15–20 billion annually, up from an estimated $3–5 billion in 2010, with Federal Reserve and CFPB research documenting the broader shift toward nonbank and alternative small-business financing. As merchant cash advances became a permanent feature of the commercial finance landscape, a new category of business distress emerged alongside them. Many businesses facing acute MCA distress lacked practical access to the restructuring frameworks commonly available to larger companies, while available MCA relief solutions were often designed primarily around payment negotiations. The growing adoption of Credit Rehabilitation Restructuring reflects increasing demand for a broader framework capable of protecting operating accounts, receivables, and cash flow, stabilizing business operations, coordinating stakeholders, and restoring access to conventional commercial finance. "As merchant cash advances have become a permanent feature of commercial finance, the conversation has to evolve beyond payment relief alone," Michael Petrecca, CEO of Rise Alliance, added. "For many businesses in acute MCA distress, the objective is not simply lower payments. It is preserving collateral and the business while restoring conventional financeability." About Second Wind Consultants Second Wind Consultants and its Rise Alliance division have been leaders in advocating for practical, out-of-court restructuring frameworks within the turnaround and restructuring profession, helping bridge the gap between traditional corporate restructuring and the realities of business distress across Main Street and the lower middle market. Over time, Credit Rehabilitation Restructuring has emerged as an increasingly utilized framework for businesses confronting merchant cash advance distress and other forms of commercial overleverage. Through its work with distressed businesses, lenders, restructuring professionals, and specialty finance providers, Second Wind has helped advance the practical application of rehabilitation-oriented restructuring principles designed to preserve underlying business value that might otherwise be lost to MCA distress and insolvency. Second Wind Consultants was recognized as Turnaround Firm of the Year by ABF Journal for leadership in commercial restructuring and distressed finance. In 2026, the firm's leadership was recognized as a Finance Visionary by LA Times Studios Business Magazine for advancing practical commercial restructuring methodologies for Main Street and lower middle market businesses. Second Wind Consultants and Rise Alliance are partners of the Turnaround Management Association (TMA), the global organization of turnaround, restructuring, and corporate renewal professionals. Contacts Media Contact: Robert DiNozzi Second Wind Consultants (800) 594-RISE (7473) rdinozzi@secondwindconsultants.com https://www.linkedin.com/in/robert-dinozzi/ [] Small Business Bankruptcies in Nevada Rose 30% ------------------------------------------------- news3lv.com reports that Nevada businesses are facing increasing financial pressure, with the state recording one of the highest small-business bankruptcy rates in the country over the past year. According to LendingTree, Nevada reported 103.2 bankruptcy filings for every 100,000 small businesses, ranking fourth nationwide. The state also experienced a significant increase in business bankruptcy filings. Nevada recorded 365 filings during the latest 12-month period, up 30.4% from 280 filings a year earlier. The increase reflects mounting financial challenges confronting businesses across the state, the report relays. Nevada's growth significantly exceeded the national trend. 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