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250724.mbx T R O U B L E D C O M P A N Y R E P O R T E R Thursday, July 24, 2025, Vol. 29, No. 204 Headlines 10831 PHELAN: Court OKs Asset Sale to Auxilior Capital for $550K 23ANDME HOLDING: Ombudsman Has Court OK to Retain Wilmer 3784 LLC: Files 2nd Chapter 11 Bankruptcy in Florida 8787 RICCHI: Court Extends Cash Collateral Access to Aug. 5 A&M SMART: Case Summary & Three Unsecured Creditors AAA OUTDOOR: Case Summary & One Unsecured Creditor ACCORD LEASE: Court Extends Cash Collateral Access to Aug. 22 ADCOCK FAMILY: Case Summary & Three Unsecured Creditors AIR INDUSTRIES: Lands $5.4M B-52 Parts Contract From New Customer AIR INDUSTRIES: Raises Share Limit to 20M, Lowers Quorum to 33.3% ALL ABOUT: Hires George Oliver PLLC as Legal Counsel ALTERRA MOUNTAIN: S&P Assigns 'B+' Rating on Proposed Term Loan B ALUMAX INC: Can't Reneged on Stipulation with CEFI, Court Says ANCHOR GLASS: Moody's Alters Outlook on 'Caa1' CFR to Negative AQUA SPAS: Case Summary & 20 Largest Unsecured Creditors ASCEND PERFORMANCE: Credit Suisse Marks $970,000 Loan at 89% Off ASCEND PERFORMANCE: Creditors Seek to Challenge Lender Lien Claims ASTRA ACQUISITION: Credit Suisse Marks $427,000 Loan at 42% Off ASTRA ACQUISITION: Credit Suisse Virtually Writes Off $1.1-MM Loan ATLAS CC: Credit Suisse Marks $1.3MM Loan at 43% Off ATLAS CC: Credit Suisse Marks $269,000 Loan at 43% Off AVALON GLOBOCARE: Sells Stock, Warrants for $475K to Brown Stone AVALON SUGAR: Gets Final OK to Use Cash Collateral B&W INC: Case Summary & 20 Largest Unsecured Creditors BACK DRAUGHTS: Case Summary & Seven Unsecured Creditors BARE ARMS: Seeks Chapter 11 Bankruptcy in Kentucky BAYTEX ENERGY: S&P Affirms 'B+' ICR, Outlook Stable BEAN THERE: Gets Interim OK to Use Cash Collateral BERLIN PACKAGING: S&P Rates New Repriced First-Lien Term Loan 'B-' BEYOND AIR: Implements 1-for-20 Reverse Split to Meet Nasdaq Rule BLOCKFI INC: Claimant Loses Bid to Expand Gatekeeper Provision BMX TRANSPORT: Seeks to Hire Realco Brokers as Real Estate Broker BRANDFOX LLC: Seeks to Hire REILaw Firm as Legal Counsel CARESTREAM HEALTH: Credit Suisse Marks $429,000 Loan at 43% Off CAZENOVIA COLLEGE: Campus Sale to Cut Bondholder Recovery by 50% CENERGY LLC: U.S. Trustee Wins Bid to Dismiss Bankruptcy Case CHAMPIONX CORP: Moody's Withdraws 'Ba1' CFR on Debt Extinguishment CHICAGO SMILES: Court Extends Cash Collateral Access to Aug. 2 CIMG INC: Launches Huomao Investment Plan, Names Global Ambassadors COLUMBIA COLLEGE: S&P Lowers 2015A/2019 LT Bond Ratings to 'BB+' COZY HARBOR: Court to Hold Hearing Today on Cash Collateral Use CPC ACQUISITION: Credit Suisse Marks $997,000 Loan at 15% Off CXOSYNC LLC: Court Extends Cash Collateral Access to Aug. 15 DARKPULSE INC: Majority Holder OKs Share Increase, Stock Split Plan DAVID RULON ROBINSON: Court Affirms Dismissal of Bankruptcy Case DG INVESTMENT 2: $280MM Refinancing No Impact on Moody's B2 Rating DI ANTAR: Employs Neeleman Law Group as Legal Counsel DIOCESE OF ROCHESTER: Bids to Exclude Expert Testimony Denied DIOCESE OF ROCKVILLE: Court Expunges Claim No. 90622 DMCC 26TH AVE: Court Denies Bid to Use Cash Collateral DP LOUISIANA: Gets Interim OK to Use Cash Collateral EIF CHANNELVIEW: Moody's Rates Proposed Secured Credit Loans 'Ba3' EPIC MEDICAL: Deadline for Panel Questionnaires Set for July 30 ESG CLEAN: Voluntary Chapter 11 Case Summary EVERSTREAM SOLUTIONS: Receives $300MM Stalking Horse Bid for Assets EYECARE PARTNERS: Moody's Raises CFR to 'Caa2', Outlook Stable FAM BAM: To Sell Flintridge Property to SITTB for $4.5MM FINASTRA LTD: S&P Assigns 'B-' ICR on Proposed Debt Issuance FLY7 INSTALLATIONS: Gets Final OK to Use Cash Collateral FRANCO HAULING: Gets OK to Use Cash Collateral Until Aug. 22 FUEL FITNESS: Court Extends Cash Collateral Access Until Aug. 21 FUEL HOMESTEAD: Court Extends Cash Collateral Access to Aug. 21 FUEL REYNOLDA: Court Extends Cash Collateral Access to Aug. 21 FURMACY INC: Seeks Chapter 11 Bankruptcy in Delaware GENERAC POWER: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable GRAY MEDIA: S&P Rates $700MM Senior Secured First-Lien Notes 'B+' HELIUS MEDICAL: Registers 240K More Shares Under 2022 Equity Plan HIGH WIRE: Mast Hill Holds 2.89% Equity Stake as of May 22 HYPERSCALE DATA: Esousa Group, Wachs Cease Ownership as of June 30 HYPERSCALE DATA: Issues 1.7M Class A Common Shares via Conversions JAMES PENDRY: GLP 2206 to Sell Westport Property on Sept. 3 JMKA LLC: Court Extends Cash Collateral Access to Aug. 22 JOSEPH MOUNTAIN: Voluntary Chapter 11 Case Summary LAKE CLINCH: Fails to Win Court OK to Use NHS' Cash Collateral LASERSHIP INC: Credit Suisse Marks $1.6MM Loan at 50% Off LASERSHIP INC: Credit Suisse Marks $384,000 Loan at 80% Off LASERSHIP INC: Credit Suisse Marks $477,000 Loan at 48% Off MARVEL LIGHTING: Gets Final OK to Use Cash Collateral MEDASSETS SOFTWARE: Credit Suisse Marks $631,000 Loan at 15% Off MEDLINE BORROWER: S&P Rates Senior Secured Term Loan 'BB-' MEYER BURGER: To Sell Residential Panels to BayWa for $1.3MM MODIVCARE INC: Regains Nasdaq Listing Compliance on MVPHS Rule MOM CA: Court Extends Cash Collateral Access to July 30 MOWBRAY WATERMAN: Court OKs Deal to Use Cash Collateral MUNAWAR LAW: Seeks $5,000 DIP Loan NEW FORTRESS: Creditors Hire Evercore for Debt Advice NORTHERN DYNASTY: Seeks Court Schedule on Biden Veto Challenge NORTHVOLT AB: Trustee Mikael Kubu Reviews Binding Offers OFFICE PROPERTIES: Suspends Quarterly Dividend to Preserve Cash OLYMPUS WATER: Moody's Affirms B3 CFR, Outlook Stable PATAGONIA HOLDCO: Credit Suisse Marks $1.4MM Loan at 15% Off PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 45% Off PEPPER PALACE: Saratoga Marks $2.4MM 1L Loan at 45% Off PERATON CORP: Credit Suisse Marks $799,000 Loan at 24% Off PES HOLDINGS: Credit Suisse Virtually Writes Off $1-Mil. Loan PHYSICAL INVESTMENTS: Section 341(a) Meeting of Creditors on Aug.18 POLAR US: Credit Suisse Marks $1.7MM Loan at 51% Off POLAR US: Credit Suisse Marks $1MM Loan at 51% Off PREMIER SURGICAL: Voluntary Chapter 11 Case Summary PREST PROPERTIES: To Sell Union Gap Property to Serenity Estates PRIME CORE: Oval Entities Lose Bid to Dismiss Adversary Case PURDUE PHARMA: Plan Confirmation Hearing Scheduled for November 10 QUEST SOFTWARE: Credit Suisse Marks $2.3MM Loan at 38% Off QUEST SOFTWARE: Credit Suisse Marks $474,000 Loan at 46% Off QVC GROUP: Sets Q2 Earnings and Conference Call for August 7 REDSTONE HOLDCO: Credit Suisse Marks $733,000 Loan at 39% Off RENE'S TRUCKING: Hires Kean Miller LLP as Bankruptcy Counsel RINGCENTRAL INC: Moody's Ups CFR to 'Ba2', Outlook Stable RIVERSIDE EXPRESS: Gets Interim OK to Use Cash Collateral SCARLET KITCHEN: Hires Donald W. Reid as General Bankruptcy Counsel SENOIA DRUG: Seeks Subchapter V Bankruptcy in Georgia SERENADE NEWPORT: Hires Goe Forsythe & Hodges as Bankruptcy Counsel SK NEPTUNE: Credit Suisse Marks $235,000 Loan at 26% Off SK NEPTUNE: Credit Suisse Virtually Writes Off $1-Mil. Loan SMITH MICRO: Raises $1.5M in Equity Offering, Private Placement SONRAVA HEALTH: Credit Suisse Marks $1.2MM Loan at 62% Off SONRAVA HEALTH: Saratoga Investment Marks $361,000 Loan at 65% Off STOLI GROUP: Court Extends Cash Collateral Access to Aug. 5 SUNBELT PLANTATIONS: Case Summary & 20 Top Unsecured Creditors TEKNATOOL USA: Gets Extension to Access Cash Collateral TERRA LAKE: Court Extends Cash Collateral Access to Aug. 20 THASSOS INC: Gets OK to Use Cash Collateral Until Aug. 21 THUNDER INTERNATIONAL: Gets Extension to Access Cash Collateral TOG HOTELS: Court Extends Cash Collateral Access to Sept. 30 TOMATLAN INC: Case Summary & 15 Unsecured Creditors TOR WELLNESS: Hires Kutner Brinen Dickey Riley as Legal Counsel TRIPLETT FUNERAL: Court Extends Cash Collateral Access to Aug. 31 TRUGREEN LP: Credit Suisse Marks $600,000 Loan at 21% Off U-TELCO UTILITIES: Court Extends Cash Collateral Access to Aug. 21 UTICA TOWNSHIP: Case Summary & 20 Largest Unsecured Creditors VITAL PHARMA: Judge Puts Clamps on Founder's Vexatious Filings WAG! GROUP: Gets Court Okay for Speedy Bankruptcy Exit WAG! GROUP: Wins Interim OK to Obtain DIP Loan From Retriever WATER'S EDGE: Taps Newmark as Commercial Real Estate Consultant WELLPATH HOLDINGS: Court Tosses Perez Civil Rights Claim WELTY SERVICES: Gets OK to Use Cash Collateral Until Aug. 21 WEST BRAZOS: Gets Interim OK to Use Cash Collateral WHITEHALL PHARMACY: Case Summary & Eight Unsecured Creditors WHITESTONE CROSSING: Gets OK to Use Cash Collateral Until Aug. 10 WOOF HOLDINGS: Credit Suisse Marks $1.5MM Loan at 64% Off YOUR MAJESTIC: Court Extends Cash Collateral Access to Sept. 30 ZILLA ELECTRIC: Hires Geri Lyons Chase as Legal Counsel ZOLLEGE PBC: Saratoga Investment Marks $1.4MM 1L Loan at 26% Off [^] Recent Small-Dollar & Individual Chapter 11 Filings ********* 10831 PHELAN: Court OKs Asset Sale to Auxilior Capital for $550K ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of Texas, Sherman Division, has approved 10831 Phelan Blvd LLC and its affiliates to sell substantially all Assets, free and clear of liens, claims, and encumbrances. The Debtors employ Robert Hunziker as their broker and launch a marketing process designed to solicit proposals for one or more potential sales of all, substantially all, or any portion of the Debtors' Assets, a list of which is available at https://tinyurl.com/5e5ute2p The Court has authorized the Debtors to sell Assets to Auxilior Capital Partners or its designee (Purchaser) in exchange for a credit bid of $550,000. The sale of the Assets shall be free and clear of all liens, claims and encumbrances of any nature whatsoever pursuant to section 363(f) of the Bankruptcy Code. The ad valorem tax liens shall remain attached to the Assets until such time as all ad valorem taxes, penalties, and interest are paid. The Court held that each contract counterparty with the Debtor shall cooperate in good faith with respect to the delivery of the Assets to the Purchaser. About 10831 Phelan Blvd LLC 10831 Phelan Blvd LLC is a limited liability company. 10831 Phelan Blvd LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-40457) on February 21, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $10 million and $50,000. Judge Brenda T. Rhoades presides over the case. The Debtor is represented by Howard Marc Spector, Esq., at SPECTOR & COX, PLLC. 23ANDME HOLDING: Ombudsman Has Court OK to Retain Wilmer -------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that 23andMe's privacy ombudsman won court approval to retain WilmerHale in the company's Chapter 11 case, overcoming opposition from the U.S. Trustee over potential conflicts of interest. At a Tuesday, July 22, 2025, hearing, U.S. Bankruptcy Judge Brian C. Walsh in the Eastern District of Missouri said he would grant law professor Neil M. Richards' request to hire Wilmer Cutler Pickering Hale and Dorr LLP. Richards, a Washington University professor, was appointed to evaluate how the bankruptcy could affect consumer data privacy. The U.S. Trustee objected in June 2025, arguing WilmerHale wasn't "disinterested" because it also represents Regeneron Pharmaceuticals Inc. -- a bidder for 23andMe's assets -- in unrelated matters. The watchdog claimed that dual representation created an untenable conflict under the bankruptcy code, according to Bloomberg Law. Regeneron's bid ultimately lost to company co-founder Anne Wojcicki and TTAM Research Institute, which closed a $305 million deal for 23andMe's assets this July 2025. Judge Walsh said WilmerHale had no incentive to act against the estate's interests and described Regeneron as a "small client" of the firm. While noting it would have been better for the ombudsman to disclose the Regeneron ties earlier, he found the timing of the disclosure acceptable, according to report. The ombudsman argued that Regeneron was not initially identified as a potential party in interest and that WilmerHale was unaware of its involvement before the bid, the report states. Richards is also represented by Husch Blackwell LLP. About 23andMe 23andMe Holding Co. is a genetics-led consumer healthcare and biotechnology company in San Francisco, Calif. Through its direct-to-consumer genetic testing, 23andMe offers personalized insights into ancestry, genetic traits, and health risks. The company has developed a large database of genetic information from over 15 million customers, enabling it to provide health and carrier status reports and collaborate on genetic research for drug development. On the Web: http://www.23andme.com/ On March 23, 2025, 23andMe and 11 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mo. Lead Case No. 25-40976). 23andMe disclosed $277,422,000 in total assets against $214,702,000 in total liabilities as of Dec. 31, 2024. Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Morgan, Lewis & Bockius, LLP and Carmody MacDonald, PC serve as legal counsel to the Debtors while Alvarez & Marsal North America, LLC serve as the restructuring advisor. The Debtors tapped Reevemark, LLC and Scale Strategy Operations, LLC as communications advisors and Kroll Restructuring Administration Services, LLC as claims agent. Lewis Rice LLC, Moelis & Company LLC, and Goodwin Procter LLP serve as special local counsel, investment banker, and legal advisor to the Special Committee of 23andMe's Board of Directors, respectively. Jerry Jensen, Acting U.S. Trustee for Region 13, appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Kelley Drye & Warren, LLP and Stinson, LLP as legal counsel and FTI Consulting, Inc. as financial advisor. 3784 LLC: Files 2nd Chapter 11 Bankruptcy in Florida ---------------------------------------------------- rkc.llc reports that 3784, LLC, a real estate services firm based in Pompano Beach, Florida, filed for Chapter 11 bankruptcy protection on July 21, 2025, in the U.S. Bankruptcy Court for the Southern District of Florida. This is the company's second Chapter 11 filing this year, following an earlier case filed on February 14, 2025 (Case No. 25-11569-SMG).In its filing, 3784, LLC reported assets between $10 million and $50 million and liabilities ranging from $1 million to $10 million. About 3784 LLC 3784 LLC is a real estate services company based in Pompano Beach, Florida. 3784 LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-18289) on July 21, 2025. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities between $1 million and $10 million. The Debtor is represented by Adam I. Skolnik, Esq. at the Law Office of Adam I. Skolnik, PA. 8787 RICCHI: Court Extends Cash Collateral Access to Aug. 5 ----------------------------------------------------------- 8787 Ricchi, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, to use cash collateral. The court issued its fourth order authorizing the Debtor's interim use of cash collateral from July 3 to August 5 in accordance with its budget, with a 10% variance allowed. As protection, 87STE Lending, LLC, through U.S. Marshals Service, will be granted a replacement lien on property currently owned or acquired by the Debtor after the petition date similar to the lender's pre-bankruptcy collateral. 87STE Lending has a security interest in the Debtor's deposit accounts and rent and the proceeds thereof, which constitute cash collateral under Section 363(a) of the Bankruptcy Code. The U.S. government, acting by and through the U.S. Marshals Service, is presently empowered to exercise the rights and remedies related thereto pursuant to a court order. A final hearing is scheduled for August 5. A copy of the court's order and the Debtor's budget is available at https://surl.li/dihaod from PacerMonitor.com. About 8787 Ricchi 8787 Ricchi, LLC is a commercial real estate company that owns and manages properties in Dallas, Texas. 8787 Ricchi sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Case No. 25-31144) on March 31, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Frank Jennings Wright, Esq., at the Law Offices of Frank J. Wright, PLLC. A&M SMART: Case Summary & Three Unsecured Creditors --------------------------------------------------- Debtor: A&M Smart Investments, LLC 2410 Windbrooke Court Shreveport, LA 71118 Chapter 11 Petition Date: July 21, 2025 Court: United States Bankruptcy Court Western District of Louisiana Case No.: 25-10791 Judge: Hon. John S Hodge Debtor's Counsel: Conner L. Dillon, Esq. GOLD, WEEMS, BRUSER, SUES & RUNDELL, A PLC Post Box Office 6118 Alexandria LA 71307-6118 Tel: (318) 445-6471 Fax: (318) 445-6476 E-mail: cdillon@goldweems.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Alphonso Williams as member. A copy of the Debtor's list of three unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OPVIGJI/AM_Smart_Investments_LLC__lawbke-25-10791__0002.0.pdf?mcid=tGE4TAMA AAA OUTDOOR: Case Summary & One Unsecured Creditor -------------------------------------------------- Debtor: AAA Outdoor Advertising, Inc. 645 Windy Ridge Road PO Box 1140 Blue Ridge GA 30513 Business Description: AAA Outdoor Advertising, Inc. provides static billboard advertising services across South Georgia. The Company offers location- based outdoor advertising solutions and strategic market guidance, serving clients with over 30 years of industry experience. It operates as a family-owned business focused on regional outreach and personalized service. Chapter 11 Petition Date: July 21, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-21012 Debtor's Counsel: William Rountree, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wrountree@rlkglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Gwynn Kelley Johnson, Jr. as vice president. The Debtor listed Georgia Power, located at 96 Annex, Atlanta, Georgia, as its only unsecured creditor. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/F4S6JZA/AAA_Outdoor_Advertising_Inc__ganbke-25-21012__0001.0.pdf?mcid=tGE4TAMA ACCORD LEASE: Court Extends Cash Collateral Access to Aug. 22 ------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Illinois issued its 10th interim order extending Accord Lease, Inc.'s authority to use its lenders' cash collateral from July 18 to August 22. The interim order signed by Judge Deborah Thorne authorized the Debtor to use the cash collateral of BMO Bank N.A., and 11 other lenders to pay operating expenses in accordance with its budget and an earlier order issued by the court on Jan. 8. The Debtor projects total operational expenses of $67,276.74. The next hearing is set for August 20. BMO Bank, N.A. and 11 other lenders assert interests in the Debtor's cash collateral, which includes funds on deposit in accounts maintained by the Debtor and lease fees generated by the Debtor's property in which they have liens. The property purportedly secures an indebtedness of approximately of $5,432,758.20. About Accord Lease Inc. Accord Lease Inc. operates an automotive leasing and renting business in Elgin, Ill. Accord Lease filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 24-16518) on November 1, 2024, listing total assets of $3,773,857 and total liabilities of $5,800,404. Igor Tsapar, president of Accord Lease, signed the petition. Judge David D. Cleary handles the case. O. Allan Fridman, Esq., at the Law Office of O. Allan Fridman is the Debtors legal counsel. BMO Bank N.A., as lender, is represented by: James P. Sullivan, Esq. Chapman and Cutler, LLP 320 South Canal Street Chicago, IL 60606 Tel: 312.845.3000 jsullivan@chapman.com ADCOCK FAMILY: Case Summary & Three Unsecured Creditors ------------------------------------------------------- Debtor: Adcock Family Properties, LLC 964 Windy Ridge Road PO Box 1140 Blue Ridge GA 30513 Business Description: Adcock Family Properties, LLC leases and manages residential and nonresidential real estate properties in Blue Ridge, Georgia. Chapter 11 Petition Date: July 21, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-21013 Debtor's Counsel: William Rountree, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wrountree@rlkglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $100,000 to $500,000 The petition was signed by Anne Adcock Johnson as sole managing member. 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/A33LTUA/Adcock_Family_Properties_LLC__ganbke-25-21013__0001.0.pdf?mcid=tGE4TAMA AIR INDUSTRIES: Lands $5.4M B-52 Parts Contract From New Customer ----------------------------------------------------------------- Air Industries Group announced in a press release that it has received a contract worth $5.4 million for Landing Gear Steering Collar Components for the US Air Force B-52 Aircraft. Deliveries are expected to begin in late 2026 and continue through the third quarter of 2027. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The B-52 is a well-known aircraft and an integral asset of the US Air Force. The aircraft has been flying for decades, with continuous upgrades. It is expected to remain in service for another 25-years. With 76 aircrafts active in the fleet, we expect that demand for after-market product to support this aircraft will continue for many years. "This sizeable order results from our increased focus on after-market spares, and is the first order from a new customer." About Air Industries Group Air Industries Group manufactures precision components and assemblies used in aerospace and defense applications. Based in Bay Shore, New York, the Company supplies landing gear, flight controls, engine mounts, and jet engine components to major contractors, with end-users including the U.S. government, foreign governments, and commercial airlines. Saddle Brook, New Jersey-based Marcum LLP, the Company's auditor since 2008, issued a "going concern" qualification in its report dated April 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company's Current Credit Facility expires on December 30, 2025. In addition, the Company is required to maintain a collection account with its lender into which substantially all the Company's cash receipts are remitted. If the Company's lender were to cease lending and keep the funds remitted to the collection account, the Company would lack the funds to continue its operations. The Current Credit Facility expiration date and the rights granted to the lender, combined with the reasonable possibility that the Company might fail to meet covenants in the future, raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2024, the Company had $51 million in total assets, $36.1 million in total liabilities, and a total stockholders' equity of $14.9 million. AIR INDUSTRIES: Raises Share Limit to 20M, Lowers Quorum to 33.3% ----------------------------------------------------------------- Air Industries Group disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it filed with the Secretary of State of Nevada a Certificate of Amendment to its Articles of Incorporation increasing the number of shares of common stock, par value $0.001 per share, it is authorized to issue from 6,000,000 to 20,000,000 shares. As previously advised in its Report on Form 8-K filed June 27, 2025, the increase was approved by the Company's shareholders at its annual meeting held on June 26, 2025. The foregoing summary of the amendment to the Company's Certificate of Incorporation is qualified in its entirety by reference to the text of the Certificate of Amendment which is available at https://tinyurl.com/2b5ffa98 Pursuant to a resolution approved by its Board of Directors, effective July 8, 2025, the Company adopted an amendment to the quorum requirement contained in Section 2.07 of the Company's Amended and Restated Bylaws to provide that the holders of thirty-three and one third percent (33.33%) of the outstanding shares of Common Stock entitled to vote at a shareholders meeting, present in person or represented by proxy, shall constitute a quorum for the transaction of business. Prior to the Amendment, the Bylaws provided that a quorum at a meeting of shareholders consisted of a majority of the shares entitled to vote then issued and outstanding, present in person or represented by proxy. The foregoing summary of the amendment to the quorum requirement in the Company's Bylaws is qualified in its entirety by reference to the text of the Company's Bylaws as Amended and Restated, which is available at https://tinyurl.com/dp4wtu5v About Air Industries Group Air Industries Group manufactures precision components and assemblies used in aerospace and defense applications. Based in Bay Shore, New York, the Company supplies landing gear, flight controls, engine mounts, and jet engine components to major contractors, with end-users including the U.S. government, foreign governments, and commercial airlines. Saddle Brook, New Jersey-based Marcum LLP, the Company's auditor since 2008, issued a "going concern" qualification in its report dated April 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company's Current Credit Facility expires on December 30, 2025. In addition, the Company is required to maintain a collection account with its lender into which substantially all the Company's cash receipts are remitted. If the Company's lender were to cease lending and keep the funds remitted to the collection account, the Company would lack the funds to continue its operations. The Current Credit Facility expiration date and the rights granted to the lender, combined with the reasonable possibility that the Company might fail to meet covenants in the future, raise substantial doubt about its ability to continue as a going concern. As of Dec. 31, 2024, the Company had $51 million in total assets, $36.1 million in total liabilities, and a total stockholders' equity of $14.9 million. ALL ABOUT: Hires George Oliver PLLC as Legal Counsel ---------------------------------------------------- All About Energy Solutions, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to hire George Mason Oliver of The Law Offices of George Oliver, PLLC to serve as legal counsel in its Chapter 11 case. Mr. Oliver will provide these services: (a) represent and assist the Debtor in carrying out its duties under Chapter 11 of the Bankruptcy Code; (b) advise and represent the Debtor generally throughout the administration of the Chapter 11 proceeding; and (c) perform all legal services necessary to advise and represent the Debtor in the course of this bankruptcy case. The Debtor was charged an initial retainer of $15,000, plus $1,738 for the Chapter 11 filing fee. A pre-petition payment of $4,100 was made to the firm, and unpaid pre-petition fees of $839.50 will be included in the first fee application. All post-petition compensation is subject to court approval. The Law Offices of George Oliver, PLLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: George Mason Oliver, Esq. THE LAW OFFICES OF GEORGE OLIVER, PLLC PO Box 1548 New Bern, NC 28563 Telephone: (252) 633-1930 Facsimile: (252) 633-1950 E-mail: george@georgeoliverlaw.com About All About Energy Solutions All About Energy Solutions, LLC installs insulation in eastern North Carolina. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-01847) on May 16, 2025. In the petition signed by Chris DeHart, member and manager, the Debtor disclosed up to $50,000 in assets and up to $500,000 in liabilities. Judge David M. Warren oversees the case. George Mason Oliver, Esq., at The Law Offices of George Oliver, PLLC, represents the Debtor as bankruptcy counsel. ALTERRA MOUNTAIN: S&P Assigns 'B+' Rating on Proposed Term Loan B ----------------------------------------------------------------- S&P Global Ratings assigned its 'B+' issue-level rating and '3' recovery rating to Alterra Mountain Co.'s proposed $1,584 million term loan B due in 2028. On July 15, 2025, S&P assigned ratings to Alterra's planned $716 million term loan B due 2030. Subsequently on July 18, 2025, Alterra repriced and upsized this term loan B due 2030 from $716 million to $1.1 billion. The company used the incremental upsized proceeds to partially repay $384 million of its term loan B due 2028 and add $25 million to its balance sheet to be used for general corporate purposes. The company will use proceeds from this most recently proposed new 2028 term loan B facility to refinance its remaining outstanding $1,584 million term loan B due in 2028. S&P assumes these series of transactions will modestly reduce overall interest costs on Alterra's 2028 and 2030 term loans. The '3' recovery rating on Alterra's secured debt indicates S&P's expectation for average (50%-70%; rounded estimate: 50%) recovery for lenders in the event of a payment default. Issue Ratings--Recovery Analysis Key analytical factors -- The company's first-lien debt comprises a $500 million revolving credit facility due in 2028, approximately $1.58 billion of outstanding term loans due in 2028, and approximately $1.1 billion million of outstanding term loans due in 2030 (including the proposed transaction). -- The '3' recovery rating on Alterra's first-lien facilities indicates S&P's expectation for average (50%-70%; rounded estimate: 50%) recovery. -- S&P's simulated default scenario considers a payment default by 2029 due to the combination of a prolonged economic downturn and unfavorable ski conditions at the company's resorts. -- S&P assumes Alterra would reorganize following a default and use an emergence EBITDA multiple of 7x to value the company. Simulated default assumptions -- Simulated year of default: 2029 -- EBITDA at emergence: $257 million -- EBITDA multiple: 7x -- Cash flow revolver: 85% drawn at default Simplified waterfall -- Net enterprise value (after 5% administrative costs): $1.71 billion -- Obligor/nonobligor split: 80%/20% -- Estimated first-lien debt claims: $3.11 billion -- Value available for first-lien claims: $1.59 billion --Recovery expectations: 50%-70% (rounded estimate: 50%) All debt amounts include six months of prepetition interest. ALUMAX INC: Can't Reneged on Stipulation with CEFI, Court Says -------------------------------------------------------------- Judge Maria de los Angeles Gonzalez of the United States Bankruptcy Court for the District of Puerto Rico denied Alumax Inc.'s motion for relief from an order that approved a stipulation it entered into with Commercial Equipment Finance, Inc. regarding contested matters between the parties. On Dec. 6, 2024, Alumax filed a petition for relief under Chapter 11. Debtor listed in schedule A/B four 2021 Isuzu NPR valued at $135,980 and two units of 2021 Ford Transits valued at $45,828. On schedule D, Alumax listed CEFI as a secured creditor with liens in the amounts of $48,099.44 over the Ford Transits and $141,037.30 over the Isuzu NPRs. On Jan. 2, 2025, CEFI filed: -- secured claim number 1, in the amount of $31,446.83; -- secured claim number 2, in the amount of $23,516.75; -- secured claim number 3, in the amount of $42,371.70; and -- secured claim number 4, in the amount of $269,257.20. On March 11, 2025, Alumax filed an Objection to Proof of Claim #2. Alumax objected CEFI's claim number 2 to the extent it asserted secured status. On April 21, 2025, CEFI filed an amended secured claim number 2-2, for the secured amount of $23,516.75. CEFI also filed a Reply to Debtor's Objection to Claim #2, on May 2, 2025. On June 18, 2025, Alumax filed an Objection to Proof of Claim #2-2. It objected to the amended claim 2-2 and reasserted that CEFI's claim should be disallowed in its entirety or, in the alternative, reclassified as an unsecured claim. On March 7, 2025, CEFI filed a Motion for Relief of the Automatic Stay Under 11 U.S.C. Sec. 362. CEFI requested the lifting of the automatic stay as a result of Alumax's failure to provide adequate protection to the creditor and its failure to continue making post petition payments, despite its retention and use of CEFI's loan collateral. On April 11, 2025, Alumax and CEFI filed a Stipulation Regarding Contested Matters Between Debtor and CEFI, resolving the Motion for Relief from Stay filed by CEFI on March 7. 2025, among other matters. On May 6, 2025, the Court entered an order approving the Stipulation, as the objection period elapsed and no objections were filed. On June 17, 2025, Alumax filed the Motion to Set Aside Order pursuant to Fed. R. Bankr. P. 9024 and Fed. R. Civ. P. 60(b)(5) . Alumax alleged that it operates in the aluminum manufacturing industry and relies heavily on imported aluminum to sustain its operations. As a result, its cost structure is especially vulnerable to international trade policy shifts, particularly federal tariff actions. Alumax alleged that the increase in aluminum tariffs from 10% to 25% enacted by the U.S. Government in February 2025, and the Presidential Proclamation issued on June 3, 2025, which doubled aluminum tariffs from 25% to 50% ad valorem, represented a 400% increase in aluminum tariffs from 10% rate that existed when the present bankruptcy case began. Alumax argued that by the time the Stipulation was negotiated and approved, the full financial effect of these new policies had not yet fully materialized. Debtor added that under these conditions, it is no longer able to sustain the payment obligations imposed by the Stipulation. Additionally, it alleged that the vehicles referred to in the Stipulation, specifically the Ford Transit and Isuzu vehicles, are no longer essential to its operations. It argued that the change in circumstances created by the increase in tariffs make the payment obligations agreed to in the Stipulation no longer feasible and sustainable. Therefore, relief from the order approving the Stipulation is merited under Fed. R. Civ. P. 60(b)(5) and (6). On July 9, 2025, CEFI filed Motion Requesting Dismissal or Conversion to Chapter 7 and Opposition to Motion to Set Aside Order Granting Stipulation and Request for Relief from Stay. CEFI argued that Debtor's request for relief from the order approving the stipulation should be denied; that the present case should be dismissed or converted to Chapter 7 and requested that relief from the automatic stay be granted. Regarding the opposition to the motion to set aside the order granting the Stipulation, CEFI argued that Alumax has not met the strict burden of proof required to justify the granting of relief in its favor. It alleged that the potential changes in U.S. trade policy, including increasing tariffs could be anticipated or reasonably expected when Alumax filed its petition. Further, one month prior to the filing of the Stipulation, the federal government had already raised tariffs on aluminum and steel products. CEFI asserted that the cases cited by Alumax state that relief under Fed. R. Civ. P. 60(b)(5) and (6) is reserved for exceptional and unforeseeable circumstances that render the enforcement of an order manifestly unjust. It concluded that the tariff fluctuations cited by Alumax are precisely the kind of foreseeable risks inherent in the aluminum trade at the time the Stipulation was filed. Therefore, CEFI argued that Alumax failed to meet its heavy burden to show the "extraordinary circumstances" that would justify setting aside a final, court approved agreement. The Court agrees with CEFI. Debtor is moving to set aside the order granting the Stipulation under Rule 60, but what it seeks is that the Court relieve them from its obligations under the Stipulation. However, it is undisputed that the terms of the Stipulation were negotiated at arm's-length and the order granting the Stipulation was entered after due notice was given to all parties and having received no objections to the same. The Court finds there are no extraordinary circumstances present in this case and the increase in tariffs is part of the normal risks related to this type of business. Judge Gonzalez explains, "In fact, Debtor recognizes that by March 12, 2025, tariffs on steel and aluminum products had already been raised. The Stipulation entered into willingly and voluntarily by the parties was filed on April 11, 2025, and approved by the Court on May 6, 2025. Hence, Debtor cannot argue that the increase in tariffs was unforeseeable when the Stipulation was filed or that the hardships caused to its business operations by said increase are not part of the normal risks related to the Stipulation. As such, the increase in tariffs cited by Debtor do not constitute extraordinary or surprising circumstances that warrant the relief from the order approving the stipulation. On the contrary, the relief requested by Debtor would cause unfair prejudice to CEFI, eliminating its rights under the stipulation." The Stipulation also provides that the parties believe that the proposed term of the agreement are fair and reasonable under the circumstances. Considering the date that the Stipulation was filed, these circumstances included the potential increase in aluminum and steel tariffs imposed by the U.S. Government. Alumax has failed to show extraordinary circumstances that warrant the relief of an order entered to approve a stipulation negotiated, drafted and agreed to by the parties, the Court finds. In conclusion, the Motion to Set Aside Order is denied and the Motion Requesting Dismissal or Conversion to Chapter 7 and Opposition to Motion to Set Aside Order Granting Stipulation and Request for Relief from Stay is partially granted regarding the opposition to the request to set aside the order approving the Stipulation. As scheduled, a hearing to consider CEFI's Request for Dismissal or Conversion to Chapter 7 under 11 U.S.C. Sec. 1112(b) and any oppositions thereto, and Alumax's Objection to Proof of Claim #2 2 will be held on July 30, 2025 at 10:00 a.m. at the U.S. Bankruptcy Court for the District of Puerto Rico, Jose V. Toledo Federal Building and Courthouse, 300 Recinto Sur, Third Floor, Courtroom # 3, San Juan, Puerto Rico. A copy of the Court's Opinion and Order dated July 21, 2025, is available at https://urlcurt.com/u?l=x13ZQn from PacerMonitor.com. About Alumax Inc. Alumax Inc. manufactures aluminum doors and windows with its manufacturing infrastructure located in San Sebastian, Anasco, Ponce and San Domingo. Alumax Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. P.R. Case No. 24-05312) on December 6, 2024. In the petition filed by Frank J. Jimenez, Cruz as president, the Debtor reports total assets of $416,851 and total liabilities of $2,954,034. The Debtor is represented by Javier Vilarino, Esq. at VILARINO AND ASSOCIATES, LLC. ANCHOR GLASS: Moody's Alters Outlook on 'Caa1' CFR to Negative -------------------------------------------------------------- Moody's Ratings affirmed Anchor Glass Container Corporation's (Anchor Glass) Caa1 corporate family rating, Caa1-PD probability of default rating, the Caa1 rating on the backed senior secured 1st lien term loan due December 2025, and the Caa3 rating on the backed senior secured 2nd lien term loan due June 2026. At the same time, Moody's changed the rating outlook to negative from stable. "The negative outlook reflects Anchor Glass' weak liquidity and Moody's expectations of limited free cash flow generation in the next 12-18 months, and uncertainty surrounding the upcoming refinancing of the 1st lien and the 2nd lien term loans," says Motoki Yanase, VP-Senior Credit Officer at Moody's Ratings. The affirmation of the Caa1 CFR considers the company's solid market position with increased diversification of customers and end markets, which improves business stability. It also considers management's efforts to improve operation performance and reduce costs. RATINGS RATIONALE The Caa1 CFR reflects that, as a glass packaging manufacturer, Anchor Glass requires periodical spending to refurbish glass furnaces, which constrains its free cash flow relative to plastic or metal packaging manufacturers. Moody's expects limited positive free cash flow for 2025-26, but the company will likely increase its dependence on asset-based (ABL) revolver with ongoing debt amortization and additional capital spending to refurbish its glass furnaces in 2027. Liquidity remains weak. As of March 31, 2025, the company had no cash on hand due to excess cash flow being subject to cash flow sweep in the credit agreement and $37.0 million availability under its ABL revolver. The limited free cash flow generation makes it difficult for the company to reduce debt despite fairly stable operating performance. Leverage stood at 7.1x debt/EBITDA for the 12 months that ended March 2025. Refinancing risk is high because its first-lien term loan is maturing in December 2025 and the second-lien term loan in June 2026. The company has an option to extend them to June 2026 and December 2026, respectively, subject to a fee, but the prospect for refinancing remains uncertain with limited prospects for material free cash flow generation. The ABL revolver matures in March 2026 but the maturity date could spring to September 2025 if the first-lien term loans are not extended within 90 days of the December 2025 maturity date. The company's credit strengths include improving diversification of customers and end markets, which reduces business volatility, and the consolidated nature of the US glass packaging industry. Most of the business is under long-term contracts with cost pass-through provisions. Furthermore, the difficulty in shipping fragile glass packaging over a distance adds value to Anchor Glass' facilities and increases switching costs. Moody's expects Anchor Glass to have weak liquidity over the 12-18 months from March 2025, anchored by Moody's expectations of limited free cash flow generation and increasing dependence on the ABL revolver to support debt amortization. All assets are encumbered under the credit facilities, but the company could monetize some of its real estate and use the proceeds to pay down debt. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade Anchor Glass' ratings if it generates positive free cash flow, with credit metrics within the context of a stable competitive environment and adequate liquidity. An upgrade would also require the company to achieve a longer-term solution to its capital structure and address its debt maturities. From a credit metrics standpoint, the ratings could be upgraded if free cash flow/debt is above 1.0%, debt/EBITDA is below 6.5x and EBITDA/interest expense is above 1.5x. Moody's could downgrade Anchor Glass' ratings if liquidity deteriorates further or in case of higher likelihood of debt restructuring that impairs existing creditors. The ratings could also be downgraded if free cash flow remains negative, debt/EBITDA stays well above 7.0x or EBITDA/interest expense is below 1.0x. The principal methodology used in these ratings was Packaging Manufacturers: Metal, Glass and Plastic Containers published in April 2025. Headquartered in Tampa, Florida, Anchor Glass Container Corporation is a North American manufacturer of premium glass packaging products, serving the beer, liquor, food, soft drink, ready-to-drink (RTD) beverage and consumer end markets. Anchor Glass has been a portfolio company of CVC Capital Partners since 2016. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. AQUA SPAS: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Aqua Spas Inc. a/k/a Spas R Us 6004 S. College Fort Collins, CO 80525 Business Description: Aqua Spas Inc. sells and services hot tubs and swim spas through its locations in Fort Collins, Greeley, and Castle Rock, Colorado. The Company is a longtime dealer of Master Spas products, including the Michael Phelps Signature Swim Spa line. It also offers spa accessories, chemicals, filters, and related supplies, with shipping available for orders over $100. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court District of Colorado Case No.: 25-14565 Judge: Hon. Michael E Romero Debtor's Counsel: Jonathan M. Dickey, Esq. KUTNER BRINEN DICKEY RILEY 1660 Lincoln St. Denver, CO 80264 Tel: (303) 832-2400 E-mail: jmd@kutnerlaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by James Davis as president. A copy of the Debtor's list of 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/25F57ZA/Aqua_Spas_Inc__cobke-25-14565__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/2URHJ3A/Aqua_Spas_Inc__cobke-25-14565__0001.0.pdf?mcid=tGE4TAMA ASCEND PERFORMANCE: Credit Suisse Marks $970,000 Loan at 89% Off ---------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $970,000 loan extended to Ascend Performance Materials Operations LLC to market at $102,758 or 11% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Ascend Performance Materials Operations LLC. The loan accrues interest at a rate of zero percent per annum. The loan matures on August 27, 2026. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Ascend Performance Materials Operations LLC Ascend Performance Materials Operations LLC is an integrated propylene based producer of Nylon 6,6. SK Titan Holdings LLC bought the company from Solutia in 2009 and a small remaining equity interest in 2011. Headquartered in Houston, Texas, Ascend generated about $3.2 billion of revenues in 2021. ASCEND PERFORMANCE: Creditors Seek to Challenge Lender Lien Claims ------------------------------------------------------------------ Alex Wolf of Bloomberg Law reports that the creditors of bankrupt chemical maker Ascend Performance Materials Holdings Inc. are seeking court approval to sue the company's lenders to challenge allegedly perfected liens on a wide range of assets. In a Monday, July 21, 2025, filing with the U.S. Bankruptcy Court for the Southern District of Texas, the official committee of unsecured creditors argued that real estate, patents, vehicles, and certain bank accounts should be considered estate property available for distribution to all creditors. The committee is also contesting lender claims on more than $60 million in commercial tort claims, $648 million in intercompany notes, and equity interests in Ascend's foreign subsidiaries, the report states. About Ascend Performance Materials Ascend Performance Materials Holdings Inc. and its affiliates are one of the largest, fully-integrated producers of nylon, a plastic that is used in everyday essentials like apparel, carpets, and tires, as well as new technologies like electric vehicles and solar energy systems. Ascend's business primarily revolves around the production and sale of nylon 6,6 (PA66), along with the chemical intermediates and downstream products derived from it. Common applications of PA66 include heating and cooling systems, air bags, batteries, and athletic apparel. Headquartered in Houston, Texas, Ascend has a global workforce of approximately 2,200 employees and operates 11 manufacturing facilities that span the United States, Mexico, Europe, and Asia. Ascend and its affiliates filed petitions under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90127) on April 21, 2025, with $1 billion to $10 billion in both assets and liabilities. Robert Del Genio, chief restructuring officer, signed the petitions. Judge Christopher M. Lopez presides over the cases. The Debtors tapped Bracewell, LLP, Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP as bankruptcy counsel; PJT Partners, Inc. as investment banker; and FTI Consulting, Inc. as restructuring advisor. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. ASTRA ACQUISITION: Credit Suisse Marks $427,000 Loan at 42% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $427,000 loan extended to Astra Acquisition Corp. to market at $247,837 or 58% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Astra Acquisition Corp. The loan accrues interest at a rate of zero interest per annum. The loan matures February 25, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Astra Acquisition Corp. Astra Acquisition Corp. is a provider of cloud-based software solutions for higher educational institutions. ASTRA ACQUISITION: Credit Suisse Virtually Writes Off $1.1-MM Loan ------------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $1,193,000 loan extended to Astra Acquisition Corp. to market at $23,856 or 2% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Astra Acquisition Corp. The loan accrues interest at a rate of zero interest per annum. The loan matures October 25, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Astra Acquisition Corp. Astra Acquisition Corp. is a provider of cloud-based software solutions for higher educational institutions. ATLAS CC: Credit Suisse Marks $1.3MM Loan at 43% Off ---------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,324,000 loan extended to Atlas CC Acquisition Corp. to market at $750,279 or 57% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Atlas CC Acquisition Corp. The loan accrues interest at a rate of 8.8% per annum. The loan matures May 25, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Atlas CC Acquisition Corp. Atlas CC Acquisition Corp serves transportation, defense command, control, communication, computers, intelligence, surveillance and reconnaissance (C4ISR), and defense training customers globally. Cubic sells integrated payment and information systems, expeditionary communications, cloud-based computing and intelligence delivery, as well as training and readiness solutions. ATLAS CC: Credit Suisse Marks $269,000 Loan at 43% Off ------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $269,000 loan extended to Atlas CC Acquisition Corp. to market at $152,598 or 57% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Atlas CC Acquisition Corp. The loan accrues interest at a rate of 8.8% per annum. The loan matures May 25, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Atlas CC Acquisition Corp. Atlas CC Acquisition Corp serves transportation, defense command, control, communication, computers, intelligence, surveillance and reconnaissance (C4ISR), and defense training customers globally. Cubic sells integrated payment and information systems, expeditionary communications, cloud-based computing and intelligence delivery, as well as training and readiness solutions. AVALON GLOBOCARE: Sells Stock, Warrants for $475K to Brown Stone ---------------------------------------------------------------- Avalon GloboCare Corp. completed a securities purchase agreement with Brown Stone Capital Ltd., issuing 121,200 common shares and pre-funded warrants for 354,300 shares in exchange for $475,500. The deal closed on July 17, 2025, with the Company receiving net proceeds of $450,500 after offering expenses. The Company and the Investor entered into a registration rights agreement requiring the Company to register the shares sold, as well as the shares underlying the warrants, through a Form S-1 or other appropriate filing under the Securities Act of 1933, as amended. The Company agreed to file the registration statement on or before the earlier of (i) fifteen calendar days from the date that the SEC first declares the Company's Form S-4 (File No. 333-286738) effective or (ii) Sept. 26, 2025, and to use its reasonable best efforts to have the registration statement declared effective by the SEC within 30 calendar days from the date that the registration statement is first filed (which will increase to 75 calendar days in the event of a SEC review). The Company also granted piggy-back registration rights with respect to the Shares and Warrant Shares to the Investor in the Securities Purchase Agreement. The transaction documents include standard representations, warranties, covenants, and obligations of the parties involved. About Avalon Globocare Avalon GloboCare Corp. develops and markets precision diagnostic consumer products, including the Keto Air breathalyzer device that measures ketosis levels. The Company previously offered a range of laboratory diagnostic services until February 2025, when it divested its 40% equity interest in Laboratory Services MSO, LLC. In an audit report dated March 31, 2025, M&K CPAS, PLLC issued a "going concern" qualification citing that the Company has yet to achieve profitable operations, has negative cash flows from operating activities, and is dependent upon future issuances of equity or other financings to fund ongoing operations, all of which raises substantial doubt about its ability to continue as a going concern. Avalon Globocare incurred net losses amounting to approximately $7.9 million and $16.7 million for the years ended Dec. 31, 2024 and 2023, respectively. As of Dec. 31, 2024, it had an accumulated deficit of approximately $87.7 million. As of March 31, 2025, the Company had $10.61 million in total assets, $14.50 million in total liabilities, and a total deficit of $3.89 million. The Company stated in its 2024 Annual Report that additional significant losses could lead to a substantial decline in its stock price. Management is currently developing plans to achieve profitability. However, the business plan is speculative and unproven, and there is no assurance the Company will successfully execute it or reduce losses in the near or long term. As a new enterprise, the Company expects net losses to continue. In its Quarterly Report for the period ended March 31, 2025, the Company said its ability to continue as a going concern depends on securing additional capital, executing its business plan, and generating substantial revenue. There is no guarantee the Company will succeed in generating significant revenue, maintaining adequate cash balances, achieving profitability, or sustaining operations. The Company intends to raise funds through equity sales to support its business plan, but there is no assurance that these efforts will succeed or that financing will be available on favorable terms, if at all. AVALON SUGAR: Gets Final OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Southern District of Texas, Houston Division issued a final order allowing Avalon Sugar Land Hospitality, LLC to use the cash collateral of International Bank of Commerce. The final order authorized the Debtor to use its lender's cash collateral, including funds in its operating account, in accordance with a court-approved budget. Total operating disbursements under the budget must not exceed 10% on a total-disbursements cumulative basis for each rolling four-week period. As protection for any diminution in the value of its interest in the cash collateral, International Bank of Commerce will be granted: (i) valid, binding, senior, enforceable and automatically perfected liens on all property that is currently subject to any pre-bankruptcy liens in favor of the lender, to the same extent, priority and validity of such pre-bankruptcy liens, and all property that was unencumbered as of the petition date; and (ii) valid, binding, junior, enforceable and automatically perfected liens on all property of the Debtor's estate, subject to pre-bankruptcy valid, binding, senior, enforceable and perfected lien. These senior and junior replacement liens do not apply to any avoidance actions. As further protection, International Bank of Commerce will continue to receive a monthly cash payment of $50,000 and cash payments for out-of-pocket post-petition fees and expenses of its legal counsel, financial advisors, appraisers, and other consultants until the Debtor's right to use cash collateral is terminated. The Debtor's authority to use cash collateral terminates upon appointment of a Chapter 11 or Chapter 7 trustee in its bankruptcy case, or upon the occurrence of an uncured event of default, whichever comes first. About Avalon Sugar Land Hospitality Avalon Sugar Land Hospitality, LLC is a single-asset real estate debtor (as defined in 11 U.S.C. Section 101(51B)) that owns the Hampton Inn in Sugar Land, Texas. Avalon Sugar Land Hospitality sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 25-31802) on March 31, 2025. In its petition, the Debtor reported total assets of $19,375,000 and total debts of $13,851,944. Judge Eduardo V. Rodriguez oversees the case. Richard L. Fuqua, II, Esq., at Fuqua & Associates, PC is the Debtor's legal counsel. International Bank of Commerce, as lender, is represented by: Eric M. English, Esq. Michael B. Dearman, Esq. Porter Hedges, LLP 1000 Main St., 36th Floor Houston, TX 77002 Tel: (713) 226-6000 eenglish@porterhedges.com mdearman@porterhedges.com B&W INC: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------ Debtor: B&W Inc. Granite & Tile Outlet II 3180 FM 407 Ste 505 Lewisville, TX 75077 Business Description: B&W Inc. aka Granite & Tile Outlet II provides granite, tile, and related remodeling products and services for residential and commercial applications. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-42650 Judge: Hon. Edward L Morris Debtor's Counsel: Robert T DeMarco, Esq. DeMARCO MITCHELL, PLLC 500 N. Central Expressway Suite 500 Plano TX 75074 Tel: (972) 991-5591 Email: robert@demarcomitchell.com Total Assets: $589,701 Total Liabilities: $1,999,013 The petition was signed by James Brede 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/ANUTETY/BW_Inc__txnbke-25-42650__0001.0.pdf?mcid=tGE4TAMA BACK DRAUGHTS: Case Summary & Seven Unsecured Creditors ------------------------------------------------------- Debtor: Back Draughts, LLC Back Draughts Pizza Back Draughts Twisted Orange 101 E Tarpon Ave Tarpon Springs FL 34689 Business Description: Back Draughts LLC, doing business as Backdraughts Pizza, operates a wood-fired pizzeria serving pizza as its main offering, along with craft beer, fine wine, and cocktails. The family-owned business emphasizes a welcoming atmosphere and serves freshly prepared food. Chapter 11 Petition Date: July 23, 2025 Court: United States Bankruptcy Court Middle District of Florida Case No.: 25-05033 Judge: Hon. Catherine Peek McEwen Debtor's Counsel: Erik Johanson, Esq. ERIK JOHANSON PLLC 3414 W Bay to Bay Blvd #300 Tampa FL 33629 Tel: 813-210-9442 E-mail: erik@johanson.law Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by George Walts as manager. A copy of the Debtor's list of seven unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/54A4PTQ/BACK_DRAUGHTS_LLC__flmbke-25-05033__0005.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/3BOWG5Y/BACK_DRAUGHTS_LLC__flmbke-25-05033__0001.0.pdf?mcid=tGE4TAMA BARE ARMS: Seeks Chapter 11 Bankruptcy in Kentucky -------------------------------------------------- On July 21, 2025, Bare Arms Limited Liability Company filed Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of Kentucky. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Bare Arms Limited Liability Company Bare Arms Limited Liability Company, d/b/a Bare Arms Trading Co. and Bladez, operates indoor shooting ranges and provides firearms training and retail services in Kentucky and West Virginia. The Company offers range rentals, concealed carry certification courses, and branded tactical merchandise through physical stores and pickup locations across multiple states. Bare Arms Limited Liability Company sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No. 25-10174) on July 21, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Douglas L. Lutz handles the case. The Debtor is represented by J. Christian Dennery Esq. at DENNERY PLLC. BAYTEX ENERGY: S&P Affirms 'B+' ICR, Outlook Stable --------------------------------------------------- S&P Global Ratings affirmed its 'B+' issuer credit rating on Calgary, Alberta-based oil and gas producer Baytex Energy Corp. and its 'BB-' issue-level rating (recovery rating: '2') on the company's senior unsecured debt. S&P said, "The stable outlook reflects our expectation that Baytex's credit measures will remain in-line with the rating, including funds from operations (FFO) to debt averaging 45%-50% over the next two years. Additionally, Baytex's geographic diversity and high liquids production, which typically is more profitable than that of gas-weighted peers, supports the rating. "Although credit measures have weakened relative to 2024, they remain appropriate for the rating. Under our oil and gas price assumptions (published June 3, 2025), we estimate FFO to debt will average 45%-50% in 2025 and 2026, down from almost 70% at the end of 2024. Since the close of the Ranger Oil acquisition in 2023, debt reduction has been a bit slower than initially anticipated, decreasing by about C$140 million to $2.39 billion at the end of the first quarter of 2025 from approximately C$2.53 billion at year-end 2023. While lower commodity prices have contributed to lower cash flow, part of the slower decline is a direct result of a weaker Canadian dollar; on a U.S. dollar-denominated basis, Baytex reduced net debt approximately $250 million. Over that same period, Baytex has bought back C$231 million worth of its shares and distributed C$89 million in dividends. However, we believe management will focus on debt reduction in the near term and curtail share repurchases due to volatile commodity prices. "Baytex has ample liquidity available under its credit facilities. We expect C$140 million in free cash flow under our West Texas Intermediate (WTI) crude oil price assumption of US$55 per barrel (bbl). This leaves about C$60 million in excess cash for debt paydown after funding the dividend and modest first-quarter share repurchases. Additionally, the company has no near-term debt maturities, with its nearest long-term note maturing in 2030. Over the medium term, we expect Baytex to prudently allocate free cash flow for debt reduction and shareholder initiatives until the company reaches its stated target of C$1.5 billion in net debt. At that point, we expect roughly 75% of free cash flow for shareholder initiatives. "Good geographical diversity, liquids-weighted production, and hedging strategy support our rating on Baytex. It operates in three business units: Light Oil-USA, which includes its assets in the Eagle Ford shale; Light Oil-Canada, which includes assets in the Viking and Duverney plays; and Heavy Oil-Canada, which includes its assets in the Peace River, Peavine, and Lloydminster plays. Approximately 55%-60% of Baytex's production (of which about 81% is liquids) comes from the Eagle Ford, where it expects to operate two rigs and one frac crew for most of 2025, bringing onstream about 38 operated wells. The high-value light oil production from the Eagle Ford helps temper the revenue and cash flow volatility associated with heavy oil production in Canada. Baytex has about 255,000 gross acres in the Eagle Ford, of which it operates 70%." The Viking and Duvernay combined account for 7%-10% of production, of which about 83% is liquids. Baytex plans to bring about 95 wells onstream in 2025. Production at these two locations is high netback light oil, and the Duvernay is a potential growth asset. Peace River, Peavine, and Lloydminster account for 28%-32% of net production, of which about 96% is liquids. Baytex expects to bring onstream about 46 net multilateral horizontal wells combined in Peace River and Peavine, and another 61 net wells in Lloydminster. S&P said, "We expect total capital spending of about C$1.2 billion-C$1.3 billion in 2025 and 2026. We believe Baytex will need to sustain such spending to maintain production. Therefore, along with our expectations for operating expenses, we forecast free operating cash flow (FOCF) to decline somewhat next year, limiting capacity for additional debt repayment." Overall, Baytex's production mix is about 85% liquids, which provides for stronger profitability than gas-weighted peers. S&P said, "However, the company is exposed to discounted Western Canadian Select (WCS) oil prices, which we assume remain flat at about US$15/bbl. Baytex has about 45% of its expected 2025 production hedged with wide collars and a floor of US$60/bbl, which helps lock in cash flow for the remainder of the year while allowing the company for upside with higher oil prices. We expect Baytex to maintain a prudent hedging strategy in the near term until it gets closer to the net debt target." This should help offset recent commodity price volatility. S&P said, "The stable outlook reflects our expectation that despite our assumption for weaker oil prices and constrained FOCF this year, Baytex's credit measures will remain in line with our rating, including FFO to debt averaging 45%-50% over the next two years. Additionally, the rating is supported by its geographic diversity and high liquids production, which typically is more profitable than that of gas-weighted peers. "We could lower the rating if Baytex's two-year average FFO-to-debt ratio fell below 30% on a sustained basis or its liquidity position weakened materially." This could occur if: -- Production and cash flow generation decreased materially because of an unanticipated and protracted operational disruption; -- Debt increased substantially without offsetting incremental cash flow generation; or -- Commodity prices declined materially below S&P's assumptions. S&P could raise its rating on Baytex if it: -- Continued to reduce total absolute debt toward its stated C$1.5 billion target; and -- Maintained a financial policy supporting FFO to debt above 45% on a sustained basis while maintaining near current production levels. BEAN THERE: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division issued an interim order authorizing Bean There Done That, LLC to use cash collateral. The interim order signed by Judge Catherine Peek McEwen authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget, plus an amount not to exceed 10% for each line item; and additional amounts subject to approval by secured creditor, Cadence Bank. Each creditor with a security interest in cash collateral will have a perfected post-petition lien on the cash collateral to the same extent and with the same validity and priority as its pre-bankruptcy lien. The Debtor was ordered to keep its property insured in accordance with its obligations under the loan and security agreements with Cadence Bank. A continued hearing is scheduled for August 7, 2025. About Bean There Done That LLC Bean There Done That, LLC operates a drive-thru coffee shop offering specialty beverages and breakfast items. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04265) on June 24, 2025. In the petition signed by Igor D. Bley, manager, the Debtor disclosed $143,453 in total assets and $1,504,704 in total liabilities. Judge Catherine Peek McEwen oversees the case. Jake C. Blanchard, Esq., at Blanchard Law, P.A., represents the Debtor as bankruptcy counsel. BERLIN PACKAGING: S&P Rates New Repriced First-Lien Term Loan 'B-' ------------------------------------------------------------------ S&P Global Ratings assigned its 'B-' issue-level rating and '3' recovery rating to Berlin Packaging LLC's proposed first-lien term loan, which it is issuing to reprice its existing term loan. The new term loan's size and maturity are the same as the existing facility. Therefore, S&P views the repricing transaction as leverage neutral and anticipate it will moderately reduce the company's interest expense. S&P's 'B-' issuer credit rating and stable outlook on Berlin Packaging remains unchanged. S&P said, "The stable outlook on Berlin reflects our expectation that improving demand trends through 2025 and further cost-savings initiatives will support low-single-digit percent revenue growth. We expect the company will continue to pursue acquisition opportunities, but not to the extent that liquidity would become constrained. While we expect leverage will remain elevated at over 8x through the end of 2025, we believe the company's free cash flows will be sufficient to meet its ongoing debt service requirements." BEYOND AIR: Implements 1-for-20 Reverse Split to Meet Nasdaq Rule ----------------------------------------------------------------- Beyond Air, Inc., disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that it approved a reverse stock split of the Company's issued and outstanding shares of common stock, at a ratio of 1-for-20. The Reverse Stock Split was duly approved in a special meeting of the stockholders held on June 20, 2025. On July 9, 2025, the Company filed with the Secretary of State of the State of Delaware the Third Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split. The Reverse Stock Split became effective as of 12:01 a.m., Eastern Time, on July 14, 2025, and the Company's Common Stock began trading on the Nasdaq Stock Market on a split-adjusted basis when the market opened on July 14, 2025. Reasons for the Reverse Stock Split: The Company is implementing the Reverse Stock Split to raise the per share bid price of the Company's Common Stock above $1.00 per share and bring the Company back into compliance with Nasdaq Listing Rule 5550(a)(2). The Company will have regained compliance once the Company's Common Stock trades at or above $1.00 for a minimum of 10 consecutive trading days, at which time Nasdaq will provide the Company with notice that it has regained compliance. The Company cannot provide assurance that the Reverse Stock Split will achieve the desired effects or that, if achieved, such desired effects will be sustained. Effects of the Reverse Stock Split: * Effective Date; Symbol; CUSIP Number The Reverse Stock Split became effective on July 14, 2025. The Common Stock began trading on a split-adjusted basis at the commencement of trading on the Effective Date, under the Company's existing trading symbol "XAIR." The new CUSIP number for the Common Stock following the Reverse Stock Split is 08862L202. * Split Adjustment; Treatment of Fractional Shares On the Effective Date, the total number of shares of Common Stock held by each stockholder of the Company will be exchanged for the number of shares of Common Stock equal to the number of issued and outstanding shares of Common Stock held by each such stockholder immediately prior to the Reverse Stock Split, divided by 20, with such resulting number of shares rounded up to the nearest whole share. As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration shall be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split. The Company does not intend to round up fractional shares at the beneficial level and will instead round any such fractional shares up at the participant level. Also on the Effective Date, all equity awards outstanding immediately prior to the Reverse Stock Split will be adjusted to reflect the Reverse Stock Split. * Certificated and Non-Certificated Shares Each certificate, or book entry, that immediately prior to the Reverse Stock Split represented shares of Common Stock, will, following the Reverse Stock Split, represent that number of shares of Common Stock into which the shares of Common Stock represented by such certificate or book entry have been combined, subject to the treatment of fractional shares as described above. Stockholders who hold their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split will automatically be reflected in their brokerage accounts. * Delaware State Filing The Reverse Stock Split was effected pursuant to the Company's filing of the Certificate of Amendment with the Secretary of State of the State of Delaware. A copy of the form of the Certificate is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference. * Capitalization The Company is authorized to issue 500,000,000 shares of Common Stock and 10,000,000 shares of preferred stock. There will be no change to the number of authorized capital stock of the Company or to the rights limitations and privileges, including voting rights, of the Company's designated and outstanding shares of Preferred Stock. The Reverse Stock Split will have no effect on the par value of the Common Stock or the Preferred Stock. Immediately after the Reverse Stock Split, each Common Stockholder's percentage ownership interest in the Company's Common Stock and proportional voting power of the Company's Common Stock shall remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. The rights and privileges of the holders of shares of Common Stock will remain unaffected by the Reverse Stock Split. About Beyond Air Headquartered in Garden City, N.Y., Beyond Air, Inc. -- www.beyondair.net -- is a commercial-stage medical device and biopharmaceutical company developing a platform of nitric oxide generators and delivery systems (the "LungFit platform") capable of generating NO from ambient air. The Company's first device, LungFit PH, received premarket approval from the FDA in June 2022. The NO generated by the LungFit PH system is indicated to improve oxygenation and reduce the need for extracorporeal membrane oxygenation in term and near term (34 weeks gestation) neonates with hypoxic respiratory failure associated with clinical or echocardiographic evidence of pulmonary hypertension in conjunction with ventilatory support and other appropriate agents. East Hanover, New Jersey-based Marcum LLP, the Company's auditor since 2019, issued a "going concern" qualification in its report dated June 24, 2024, citing that the Company has incurred significant losses and needs to raise additional funds to meet its obligations and sustain its operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2024, Beyond Air had $34.1 million in total assets, $15.8 million in total liabilities, and $18.4 million in total equity. BLOCKFI INC: Claimant Loses Bid to Expand Gatekeeper Provision -------------------------------------------------------------- The Honorable Michael B. Kaplan of the United States Bankruptcy Court for the District of New Jersey denied the following motions filed by Dereje Lakew in the bankruptcy case of BlockFi Inc.: (i) Motion for Reconsideration, and (ii) Motion to Expand Gatekeeper Provision to Include Claims Against Gemini Trust Company and Related Parties Lakew seeks reconsideration of the Court's April 30th, 2025, "Amended Ruling and Order Denying Leave to Pursue Claims Against Released Third Parties" and further seeks an order granting relief from the gatekeeper provision, thereby permitting Lakew to assert claims in state court against Gemini Trust Company and related parties. Plan Administrator, On Behalf of the Post-Confirmation Debtor, opposes the Motions. Former Executives likewise oppose the Motions. Additionally, Gemini opposes the Motions. Lakew entered into a loan agreement with BlockFi, Inc. and its debtor-affiliates, borrowing $20,190 secured by Bitcoin collateral. Lakew alleges he was not informed that his collateral would be used for trading, risky third-party lending, or rehypothecation, and claims the Former Executives breached fiduciary duties by failing to protect assets and making false representations about the company's stability. Lakew argues his claims arise from fraud, willful misconduct, post-petition conduct, and thus should not be barred by the releases in the Third Amended Joint Chapter 11 Plan, confirmed by the Court on Oct. 3, 2023. Lakew further states New Jersey law should apply with regard to whether claims are direct or derivative. Former Executives contend the claims are derivative, and therefore barred by the releases under the Plan and likewise subject the Gatekeeper Provision thereunder. Former Executives also argue Lakew lacks standing because the alleged harm is shared by all creditors, and Delaware law applies. This Court previously determined that Delaware law applies due to the governing law clause in the Loan Security Agreement, and found Lakew's claims to be derivative, as the harm affects all creditors equally. Therefore, the Court denied Lakew's motion for leave to pursue these claims. In the Motion for Reconsideration, Lakew contends that the Plan's Gatekeeper Provision is inconsistent with binding Supreme Court precedent and controlling law, specifically citing the Supreme Court's decision in Harrington v. Purdue Pharma 603 U.S. 204 (2024). Lakew argues that he did not consent to any third-party releases. He contends that the Gatekeeper Provision blocks his ability to bring direct claims and violates his constitutional rights, including his Seventh Amendment right to a jury trial. Lakew challenges the enforcement of the governing law clause contained in the Loan and Security Agreement, which designates Delaware as the exclusive forum for related disputes. He cites Wilfred MacDonald, Inc. v. Cushman, Inc., 256 N.J. Super. 58 (App. Div. 1992), contending that New Jersey law should apply. Lakew again maintains that his claims are direct rather than derivative in nature. Lakew asserts that his injuries stemmed from individualized, intentional misrepresentations and deceptive acts perpetrated by Former Executives, and not from harm to the debtor entity generally. He contends that the Court's prior focus on the economic character of the loss narrows the scope of harm and fails to account for the physical manifestations of distress he has experienced, including the exacerbation of a chronic dermatological condition and accompanying emotional suffering. Lakew challenges the Gatekeeper Provision as procedurally inequitable and burdensome. He asserts that the provision imposes a disproportionate burden by requiring claimants to disclose the details of their claims and justify their legal and factual basis as a precondition to initiating suit. In the contemporaneously filed Motion to Expand the Gatekeeper Provision, Lakew asserts that Gemini, having facilitated or permitted the rehypothecation of customer assets, undertook fiduciary obligations and made material misrepresentations concerning the scope and substance of consumer protections. Accordingly, Lakew argues that Gemini's conduct should also be subject to judicial inquiry and that the Gatekeeper Provision should not be construed so broadly as to preclude claims against non-debtor third parties who allegedly participated in or contributed to the underlying fraud. The Court finds Lakew has failed to satisfy the stringent standard required under Rule 59(e) for reconsideration. Lakew identifies no intervening change in controlling law, no newly discovered evidence previously unavailable, and no clear error of law or fact that would result in manifest injustice. Instead, he impermissibly attempts to relitigate issues already decided and to reassert arguments that this Court fully considered and rejected. Such use of a motion for reconsideration as a vehicle to reargue decided matters is improper and insufficient to warrant relief, the Court finds. The Court further finds that none of the grounds for reconsideration has been sufficiently satisfied under Rule 60(b) so as to warrant relief from the its prior decision. Lakew points to no mistake, inadvertence, surprise, excusable neglect, fraud, or newly discovered evidence justifying reconsideration. Further, Lakew has not identified any circumstance making enforcement of the Court's prior order inequitable. Rather, Lakew impermissibly attempts to relitigate issues already decided. A copy of the Court's Ruling dated July 18, 2025, is available at https://urlcurt.com/u?l=bDSZhC from PacerMonitor.com. About BlockFi Inc. BlockFi Inc. says it's building a bridge between digital assets and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors. BlockFi was founded in 2017 by Zac Prince and Flori Marquez and in its early days had backing from influential Wall Street investors like Mike Novogratz and, later on, Valar Ventures, a Peter Thiel-backed venture fund as well as Winklevoss Capital, among others. BlockFi made waves in 2019 when it began providing interest-bearing accounts with returns paid in Bitcoin and Ether, with its program attracting millions of dollars in deposits right away. BlockFi grew during the pandemic years and had offices in New York, New Jersey, Singapore, Poland and Argentina. BlockFi worked with FTX US after it took an $80 million hit from the bad debt of crypto hedge fund Three Arrows Capital, which imploded after the TerraUSD stablecoin wipeout in May 2022. BlockFi had significant exposure to the companies founded by former FTX Chief Executive Officer Sam Bankman-Fried. BlockFi received a $400 million credit line from FTX US in an agreement that also gave FTX the option to acquire BlockFi through a bailout orchestrated by Bankman-Fried over the summer. BlockFi also had collateralized loans to Alameda Research, the trading firm co-founded by Bankman-Fried. BlockFi is the latest crypto firm to seek bankruptcy amid a prolonged slump in digital asset prices. Lenders Celsius Network LLC and Voyager Digital Holdings Inc. also filed for court protection this year. Kirkland & Ellis is also advising Celsius and Voyager in their separate Chapter 11 cases. BlockFi Inc. and eight affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-19361) on Nov. 28, 2022. In the petitions signed by their chief executive officer, Zachary Prince, the Debtors reported $1 billion to $10 billion in both assets and liabilities. Judge Michael B. Kaplan oversees the cases. The Debtors tapped Kirkland & Ellis and Haynes and Boone, LLP, as general bankruptcy counsels; Walkers (Bermuda) Limited as special Bermuda counsel; Cole Schotz, P.C., as local counsel; Berkeley Research Group, LLC as financial advisor; Moelis & Company as investment banker; and Street Advisory Group, LLC, as strategic and communications advisor. Kroll Restructuring Administration, LLC, is the notice and claims agent. BMX TRANSPORT: Seeks to Hire Realco Brokers as Real Estate Broker ----------------------------------------------------------------- BMX Transport LLC seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to hire Realco Brokers, Inc. as real estate broker. Realco Brokers will provide these services: (a) act as exclusive broker and agent to market the commercial real estate located at 100 Point Drive, Pendergrass, GA for sale; (b) advise and represent the Debtor in connection with the marketing and sale of substantially all of its real estate assets; (c) locate parties qualified to purchase the property; and (d) perform related professional services needed to complete the sale. Realco will be compensated with the commission calculated as either 4% or 6% of the gross sale price, subject to Bankruptcy Court approval. According to court filings, Realco Brokers, Inc. is a "disinterested person" as defined in Section 101(14) of the Bankruptcy Code and meets the requirements of Sections 327(a) and 328(a). The firm can be reached at: Realco Brokers, Inc. 9910 Hightower Road Roswell, GA 30075 Tel: (404) 786-0988 Email: arkhipov@realcobrokers.com About BMX Transport LLC BMX Transport LLC provides long-distance specialized freight trucking services across the United States, focusing on goods that require unique handling or equipment. The Company offers full truckload transport using dry vans and refrigerated trailers, supported by warehousing and 24/7 logistics operations. Headquartered in Georgia, it operates a federally authorized fleet of trucks and trailers. BMX Transport LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-20705) on May 5, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge James R. Sacca handles the case. The Debtors are represented by Benjamin Keck, Esq. at KECK LEGAL, LLC. BRANDFOX LLC: Seeks to Hire REILaw Firm as Legal Counsel -------------------------------------------------------- Brandfox, LLC seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ The Real Estate Investors Law Firm, LLC as legal counsel in its Chapter 11 case. REILaw Firm will provide these services: (a) advise the Debtor and Debtor-in-Possession regarding rights, powers, and duties in the continued operation and management of its business; (b) prepare and pursue confirmation of a plan of reorganization and approval of a disclosure statement; (c) prepare applications, motions, answers, orders, pleadings, notices, and reports on behalf of the Debtor; (d) advise and respond to filings submitted by other parties; (e) appear in court to protect Debtor's interests; (f) represent the Debtor in post-petition financing and use of cash collateral; (g) assist with financing agreements and related transactions; (h) investigate the nature and enforceability of liens; (i) recover assets for the benefit of the estate; (j) assist in potential property dispositions; (k) advise on leases and executory contracts; (l) resolve claims against the estate; (m) conduct litigation to assert rights or protect assets; and (n) perform all other necessary legal services in the Chapter 11 case. Attorneys at REILaw Firm will charge hourly rates ranging from $75 to $300, subject to change, with all compensation subject to court approval. According to court filings, REILaw Firm is a "disinterested person" as defined by Section 101(14) of the Bankruptcy Code and does not hold or represent any interest adverse to the estate. The firm can be reached at: REILaw Firm 4535 E. McKellips Rd Suite 1093 Mesa, AZ 85215 Telephone: (480) 660-6250 E-mail: filings@reilawfirm.com About Brandfox LLC Brandfox LLC provides third-party logistics and warehousing services, including eCommerce and retail fulfillment, subscription box fulfillment, kitting and assembly, reverse logistics, and freight management. The Company serves business-to-business and direct-to-consumer clients. Brandfox LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-06520) on July 17, 2025. In its petition, the Debtor reports total assets of $2,074,579 and total liabilities of $5,075,243. Honorable Bankruptcy Judge Eddward P. Ballinger Jr. handles the case. The Debtor's bankruptcy counsel is THE FOX LAW CORPORATION. The Debtor's local counsel is Joseph G. Urtuzuastegui III, Esq. at THE REAL ESTATE INVESTORS LAW FIRM, LLC. CARESTREAM HEALTH: Credit Suisse Marks $429,000 Loan at 43% Off --------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $429,000 loan extended to Carestream Health, Inc. to market at $245,107 or 57% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Carestream Health, Inc. The loan accrues interest at a rate of 11.8% per annum. The loan matures September 30, 2027. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Carestream Health, Inc. Carestream Health, Inc., headquartered in Rochester, New York, is a supplier of imaging and IT systems to the medical and dental communities and to other markets. CAZENOVIA COLLEGE: Campus Sale to Cut Bondholder Recovery by 50% ---------------------------------------------------------------- Lin Cheng of Bloomberg Law reports that a group of local residents in upstate New York is moving to purchase the closed Cazenovia College campus for $9.5 million -- a deal expected to give bondholders a recovery of just over 50% when combined with other available funds. Cazenovia College, a liberal arts school, shut down in summer 2023 amid the enrolment challenges affecting many small U.S. colleges, according to the report. In 2019, it issued roughly $25 million in municipal bonds backed by school revenues and a mortgage on the campus, which was valued at $24 million at the time, according to bond filings. About Cazenovia College Cazenovia College is a small, independent, co-educational, baccalaureate college, located in Cazenovia, New York, United States. Cazenovia offers a comprehensive liberal arts education with academic and co-curricular programs devoted to developing leaders in their professional fields. CENERGY LLC: U.S. Trustee Wins Bid to Dismiss Bankruptcy Case ------------------------------------------------------------- Judge Thomas M. Lynch of the United States Bankruptcy Court for the Western District of Wisconsin will grant the U.S. Trustee's motion to dismiss the bankruptcy case of Cenergy, LLC. KLC Financial Inc.'s objection will be overruled and its request for conversion to chapter 7 will be denied. Debtor Cenergy, LLC filed its petition under chapter 11 of the Bankruptcy Code on Sept. 1, 2023, together with affiliated entity Cenergy II, LLC, and their owner Consumer Cooperative Association of Eau Claire. The three cases are jointly administered. The three Debtors collectively operated 31 gas station convenience stores in the Eau Claire area in Western Wisconsin, but soon after filing their petition closed 13 of them, rejecting the leases. The Court confirmed their chapter 11 plan on June 7, 2024. Through their confirmed chapter 11 plan, the three Debtors merged into the Reorganized Debtor, managed by Diversified Management Group, Inc., and with K. Michael Buck continuing as CEO of the Reorganized Debtor. The Plan anticipated that two properties would be sold and the Reorganized Debtor would continue to operate the remaining stores, making payments to creditors out of sale proceeds and post-confirmation revenue. Nine months after confirmation, only one of the two contemplated sales had occurred, and the Reorganized Debtor had stopped filing quarterly reports and paying quarterly U.S. Trustee's fees. By all accounts, it had ceased operating. On March 20, 2025, the U.S. Trustee moved to dismiss the case under section 1112(b). His motion alleged that the Reorganized Debtor failed to file quarterly operating reports since confirmation, for the third and fourth quarters of 2024, and has not paid its quarterly fees. The U.S. Trustee asserts that upon information and belief, there are no remaining assets available for administration, referencing communications with counsel for the Reorganized Debtor indicating that the funds from the real estate sales were already disbursed to general unsecured creditors, as outlined in the Plan. Therefore, the U.S. Trustee seeks dismissal rather than conversion, arguing that dismissal is in the best interest of creditors. Creditor KLC Financial Inc. objected to the Motion to Dismiss on April 10, 2025, arguing that conversion of the case to chapter 7 is in the best interests of creditors. KLC wants an explanation for what went wrong, speculating that there may have been potentially recoverable transfers to DMG, while conceding there has been no inquiry into the role of DMG in the debtor's financial situation. Instead of dismissal, KLC asks the Court to convert the case to chapter 7, requesting authority for itself to examine DMG, Mr. Buck and the Reorganized Debtor under Rule 2004 before the Court rules on the U.S. Trustee's motion. The principal argument raised by KLC in the 2004 Motion appears to be that the Reorganized Debtor's inability to generate funds to comply with its payment obligations under the Plan must be due to mismanagement of the estate's funds and other assets. Mr. Buck and DMG have objected to the 2004 Motion, characterizing it as a preliminary fishing expedition in support of some undefined claims that KLC wishes to assert against either DMG and Buck. Buck and DMG further argue that to the extent KLC seeks information from them regarding post-confirmation matters or to pursue post-confirmation claims against them, it can do so in another forum. The U.S. Trustee took no position on the 2004 Motion and, rather, restated its position that dismissal is in the best interests of creditors because there are no assets to administer in a converted chapter 7 case. KLC is the only creditor or party in interest suggesting that the interest of creditors and the estate would be better served by conversion to chapter 7. According to Judge Lynch, "The collective lack of interest in proceeding in chapter 7 here is more than palpable and KLC has not shown why a chapter 7 trustee is likely to take up the cause KLC proposes. Of course, it could choose to go it alone. To the extent that KLC has causes of action against the Reorganized Debtor, it has not shown that it is foreclosed from pursuing them if the case is dismissed, or that conversion would better serve creditors and the estate." Accordingly, KLC's request for examination under Rule 2004 will be denied as moot. A copy of the Court's Memorandum Decision dated July 18, 2025, is available at https://urlcurt.com/u?l=hEadMm from PacerMonitor.com. About Cenergy, LLC Cenergy, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wisc. Case No. 23-11558) on September 1, 2023. In the petition signed by K. Michael Buck, authorized individual, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Catherine J. Furay oversees the case. Craig E. Stevenson, Esq., at Dewitt LLP, represents the Debtor as legal counsel. CHAMPIONX CORP: Moody's Withdraws 'Ba1' CFR on Debt Extinguishment ------------------------------------------------------------------ Moody's Ratings have withdrawn all ratings of ChampionX Corporation (ChampionX), including its Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating and Ba1 senior secured term loan B2 and senior secured multi-currency revolving credit facility ratings. The outlook was changed to ratings withdrawn from ratings under review. Prior to the withdrawal the ratings were under review for upgrade following the agreement announced by Schlumberger Limited (SLB, A1 stable) to acquire ChampionX. The withdrawals follow the extinguishment of its outstanding debt. RATINGS RATIONALE ChampionX has fully repaid its senior secured term loan B2 and senior secured multi-currency revolving credit facility following the closing of its acquisition by SLB. All of ChampionX' ratings have been withdrawn because its rated debt is no longer outstanding. ChampionX Corporation (ChampionX) is now a fully owned indirect subsidiary of Schlumberger Ltd. The company provides chemical solutions, artificial lift systems and highly engineered equipment to oil and gas companies globally for use across the lifecycle of wells. CHICAGO SMILES: Court Extends Cash Collateral Access to Aug. 2 -------------------------------------------------------------- Chicago Smiles, LLC received third interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use cash collateral. The court's order authorized the Debtor's interim use of cash collateral through August 2 to fund business expenses in accordance with its budget, with a 10% variance allowed. The budget projects total operational expenses of $72,234.97 for July and $72,234.97 for August. PNC Bank, National Association, a secured creditor, holds a claim of $490,233.61 as of the petition date and such claim is secured by a perfected lien on the Debtor's assets. Other potential secured creditors include BHG, CAN Capital Inc., and Revenued, LLC. In case of any diminution in the value of their interests in the cash collateral, the secured creditors will be granted post-petition security interests in and liens on the Debtor's assets similar to their pre-bankruptcy collateral, with the same priority, validity and enforceability as their pre-bankruptcy liens. As additional protection, PNC Bank will receive a monthly payment of $3,500 under the approved budget. The next hearing is set for July 29. About Chicago Smiles LLC Chicago Smiles, LLC provides a range of dental services, including cosmetic, implant, and restorative dentistry. The practice offers treatments such as teeth whitening, veneers, crowns and bridges, dental implants, Invisalign, root canal therapy, and dentures. Located in Chicago, the clinic supports new patients with education on oral health, pain management, and various dental care options. Chicago Smiles sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 25-07740) on May 21, 2025. In its petition, the Debtor reported estimated assets between $500,000 and $1 million and estimated liabilities between $1 million and $10 million. Judge Donald R. Cassling handles the case. The Debtor is represented by William Factor, Esq., at The Law Office of William J. Factor, Ltd. CIMG INC: Launches Huomao Investment Plan, Names Global Ambassadors ------------------------------------------------------------------- CIMG Inc. unveiled the Huomao Global Investment Promotion Plan and named promotion ambassadors in Singapore, Kazakhstan, Japan, Germany, and North America to expand Huomao culture. The appointments were announced during a July 13 appreciation dinner. The Company appointed the following individuals as brand ambassadors: * Mr. Jianjun Zheng, Ambassador for Singapore * Mr. Jiandong Zeng, Ambassador for Kazakhstan * Mr. Jirong Wang, Ambassador for Japan * Mr. Jiang Li, Ambassador for Germany * Mr. Junhong Chen, Ambassador for North America Mr. Xiaocheng Hao, chief operating officer of CIMG and founder of Huomao, commented, "Huomao will be promoted in both domestic and international markets. To support overseas expansion, selected classic products will be introduced through local distribution partners." About CIMG Inc. CIMG Inc. is a global business group focused on digital health and sales development. The Company leverages technology and marketing solutions, including MarTech and multi-channel networks, to support partner sales and commercial growth. Its brand portfolio includes Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango. CIMG has not yet filed its Form 10-K for the fiscal year ended Sept. 30, 2023, Form 10-Q for the quarter ended Dec. 31, 2023, and Form 10-K for the year ended Sept. 30, 2024. On July 17, 2025, CIMG received an additional delist determination letter from Nasdaq, citing the Company's failure to regain compliance with Listing Rule 5550(a)(2), which requires a minimum $1 bid price. CIMG had been given until July 14, 2025, to meet the requirement but remained noncompliant and was ineligible for an extension due to not meeting initial listing standards. Nasdaq noted this as an additional basis for delisting the Company's securities. CIMG previously appealed a separate delist determination dated June 27, 2025, and a hearing before the Nasdaq Hearings Panel is scheduled for Aug. 14, 2025. COLUMBIA COLLEGE: S&P Lowers 2015A/2019 LT Bond Ratings to 'BB+' ---------------------------------------------------------------- S&P Global Ratings lowered its long-term rating on Columbia College Chicago, Ill.'s series 2019 revenue bonds and series 2015A revenue refunding bonds, issued by the Illinois Finance Authority, to 'BB+' from 'BBB-'. The outlook is negative. The downgrade and negative outlook reflect the college's declining enrollment and deteriorating demand, which S&P expects will limit management's ability to stabilize operations over the outlook period. The downgrade and negative outlook further reflect our view of Columbia's deteriorating financial position, with sizable full-accrual deficits in recent years and large supplemental endowment draws in fiscal 2024, fiscal 2025, and expected in fiscal 2026, which together have weakened the college's financial resources. S&P said, "We have analyzed Columbia's environmental, social, and governance (ESG) credit factors pertaining to its market position, management and governance, and financial performance. Similar to other schools in the region, we believe Columbia is exposed to changing demographics, which we view as a social risk. We anticipate that demographic pressures will persist in the near term, with a lower number of graduating high school students expected in the state, which could make it challenging to stabilize and grow enrollment. We have found the college's environmental and governance credit factors to be neutral in our credit rating analysis. "The negative outlook reflects our expectation that, due to a smaller first-year class in fall 2024 and what is expected to be a smaller first-year class in fall 2025, enrollment will likely continue to decrease over the outlook period, exacerbating operating challenges that management has worked to address with a variety of programmatic adjustments and expense-reduction measures. The negative outlook reflects our expectation that operating challenges will likely persist through at least fiscal 2027, with management now aiming to return to break-even operations, absent supplemental endowment draws by fiscal 2028. Finally, the negative outlook reflects our expectation that sustained deficit operations and continued supplemental endowment draws will continue to deteriorate the college's financial resources, which have historically been a credit strength. "We could consider a downgrade if financial performance does not show material signs of improvement during the one-year outlook period, increasing the likelihood of further financial resource deterioration. While we expect enrollment challenges will persist in fall 2025, we could also consider a downgrade if first-year class sizes do not grow over the outlook period, increasing the likelihood of further enrollment declines beyond the outlook period. We could also consider a downgrade if the college issues additional debt without commensurate growth in financial resources. "We could revise the outlook to stable if the college demonstrates material progress toward stabilizing financial operating performance without the use of supplemental endowment draws. An outlook revision to stable would be contingent on financial resources remaining steady at or near current levels. While we expect enrollment will slip in fall 2025, we would expect to see some signs of enrollment stability before considering revising the outlook to stable." COZY HARBOR: Court to Hold Hearing Today on Cash Collateral Use --------------------------------------------------------------- The U.S. Bankruptcy Court for the District of Maine is set to hold a hearing today to consider granting another extension to Cozy Harbor Seafood, Inc. and its affiliates to use cash collateral. Pending further order of the bankruptcy court, the interim order that was entered on July 14 will remain in full force and effect and the Debtors will continue to have authority to use cash collateral upon the terms and conditions of the interim order. The Debtors need continued access to cash collateral to avoid operational disruption to their seafood processing and distribution businesses in Portland, Maine. About Cozy Harbor Seafood Inc. Cozy Harbor Seafood, Inc. is the oldest and most experienced processor of lobster in the United States. It is a primary processor with its main processing plant in Portland, Maine. In business since 1980, Cozy Harbor has established itself in the U.S. and world markets as the most respected source of high-quality seafood products from Maine. Cozy Harbor Seafood sought Chapter 11 protection (Bankr. D. Maine Case No. 25-20160) on July 1, 2025, listing between $1 million and $10 million in both assets and liabilities. Judge Michael A. Fagone oversees the case. D. Sam Anderson, Esq., at Bernstein Shur Sawyer & Nelson is the Debtor's legal counsel. CPC ACQUISITION: Credit Suisse Marks $997,000 Loan at 15% Off ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $997,000 loan extended to CPC Acquisition Corp. to market at $851,549 or 85% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to CPC Acquisition Corp. The loan accrues interest at a rate of 8.3% per annum. The loan matures on December 29, 2027 Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About CPC Acquisition Corp. CPC Acquisition Corp is in the chemicals industry. CXOSYNC LLC: Court Extends Cash Collateral Access to Aug. 15 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Illinois extended CXOsync, LLC's authority to use cash collateral until August 15. The interim order authorized the Debtor to use the cash collateral of the Internal Revenue Service and the U.S. Small Business Administration to pay expenses in accordance with its budget, with a 5% variance allowed. The budget projects total operational expenses of $66,238 for the period from July 19 to August 15. As adequate protection for the use of their cash collateral, both secured creditors will receive replacement liens on all of the Debtor's property. These replacement liens will hold the same priority and validity as the secured creditors' pre-bankruptcy liens. Other forms of protection include insurance coverage and access to the Debtor's books and records. A status hearing is scheduled for August 13. About CXOsync LLC CXOsync, LLC is a corporate event planner which presents events and workshops geared toward CIOs, CISOs, CMOs, and CFOs of businesses. It hosts live and virtual events to gather CXOs from the world's largest corporations and brands. CXOsync sought protection under Chapter 11 of the U.S. Bankruptcy Code (Banker. N.D. Ill. Case No. 24-08351) on June 5, 2024, with $128,315 in assets and $6,030,532 in liabilities. Rupen Patel, managing member, signed the petition. Judge Janet S. Baer presides over the case. The Debtor is represented by: Ben L. Schneider, Esq. Schneider & Stone Tel: 847-933-0300 Email: ben@windycitylawgroup.com DARKPULSE INC: Majority Holder OKs Share Increase, Stock Split Plan ------------------------------------------------------------------- DarkPulse, Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that Dennis O'Leary, a majority stockholder of the Company, approved certain actions by written consent. As of the Record Date, the Majority Stockholder held approximately 51.32% of the Company's voting rights. Pursuant to the Written Consent, the Majority Stockholder approved: Item 1. Approval of a proposal to amend our Certificate of Incorporation to increase the Company's authorized shares of common stock, par value $0.0001 per share, from 20,000,000,000 to 30,000,000,000; and Item 2. Approval of a proposal to amend the Company's Certificate of Incorporation to effect a reverse stock split of its issued and outstanding Common Stock any time before May 30, 2026, at a ratio ranging from one-for-ten (1:10) to one-for-two hundred (1:200) with the exact ratio within such range to be determined at the sole discretion of the Board of Directors, without further approval or authorization of the stockholders before the filing of an amendment to the Certificate of Incorporation effecting the proposed Reverse Split; The Company will file a preliminary Information Statement on Schedule 14C with the U.S. Securities and Exchange Commission with respect to the matters approved by the Majority Stockholder (the "PRE 14C") and, as soon as it may do so, will mail the definitive Information Statement on Schedule 14C to its stockholders of record as of the Record Date. The items approved will then be effective 20 days after the mailing. Further detail regarding each of the items approved will be found in the PRE 14C. About DarkPulse Inc. Houston, Texas-based DarkPulse, Inc. is a technology-security company incorporated in 1989 as Klever Marketing, Inc. Its wholly-owned subsidiary, DarkPulse Technologies Inc., originally started as a technology spinout from the University of New Brunswick, Fredericton, Canada. The Company's security and monitoring systems will initially be delivered in applications for border security, pipelines, the oil and gas industry, and mine safety. Current uses of fiber optic distributed sensor technology have been limited to quasi static, long-term structural health monitoring due to the time required to obtain the data and its poor precision. The Company's patented BOTDA dark pulse sensor technology allows for the monitoring of highly dynamic environments due to its greater resolution and accuracy. Lagos, Nigeria-based Boladale Lawal & Co., the Company's auditor since 2024, issued a "going concern" qualification in its report dated April 14, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company suffered an accumulated deficit of $(71,259,677), net loss of $(3,893,859) and a negative working capital of $(17,160,706). The Company is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities to execute its plans and continue operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. DAVID RULON ROBINSON: Court Affirms Dismissal of Bankruptcy Case ---------------------------------------------------------------- In the appeal styled David Rulon Robinson, Appellant, v. FTAS Legacy XI LLC, Appellee, Case No. 24-cv-02483-DJH (D. Ariz.), the Honorable Diane J. Humetewa of the United States District Court for the District of Arizona affirmed the order of the United States Bankruptcy Court for the District of Arizona granting FTAS Legacy XI LLC's motion to dismiss the bankruptcy case of David R. Robinson. Robinson filed an individual Chapter 11 bankruptcy in May 2016. He filed his Plan of Reorganization in December 2016. In September 2017, Robinson and FTAS stipulated to bifurcate FTAS's claim under the Plan into a $100,000 secured claim and a $468,106.36 unsecured claim. Robinson was to pay the secured claim in sixty monthly installments of $635.00, followed by a balloon payment on the sixty-first month. The Bankruptcy Court entered an Order confirming the Plan in December 2018. From July 2023 through December 2023, FTAS claims that Robinson failed to make the required monthly payments to FTAS, as well as the final balloon payment in January 2024. FTAS then sent Robinson notice of default, although Robinson contests whether the notice was sent via certified mail. FTAS claims that Robinson did not respond, so all outstanding amounts became immediately due and payable to FTAS in February 2024. FTAS moved to dismiss the bankruptcy case in July, citing Robinson's material default and failure to cure within the 30-day period. After determining that cause for dismissal existed, the Bankruptcy Court entered an Order granting the motion. Believing the Bankruptcy Court erred, Robinson now appeals its Order to the District Court. Robinson argues that the Bankruptcy Court erred when it did not conduct an evidentiary hearing as to: (1) whether the notice of default was properly noticed to Robinson, (2) whether the notice of hearing was properly noticed, and (3) whether dismissal was appropriate under 11 U.S.C. Sec. 1112(b)(1). Robinson contends that the Bankruptcy Court committed clear error: (1) when it found that there was cause to dismiss, (2) when it found that dismissal was in the best interests of the creditors and the estate, and (3) when it failed to inquire whether conversion or the appointment of a trustee or examiner was in the best interests rather than dismissal. The District Court disagrees. Cause Robinson argues that the Bankruptcy Court erred when it found cause existed because more information was required to find a default under the Plan. FTAS argues that cause exists because of Robinson's material defaults under the Plan by failing to make multiple required payments to FTAS. The record supports FTAS. Robinson did not dispute the allegations of missed payments before the Bankruptcy Court. Robinson missed all his monthly payments to FTAS for six months, as well as the final balloon payment, and missed all required quarterly payments to the U.S. Trustee. Therefore, the District Court finds the Bankruptcy Court did not commit clear error in finding cause to dismiss. Best Interests Robinson also argues that the Bankruptcy Court did not consider potential unusual circumstances that could have shown that dismissal was not in the best interests of creditors and the estate. He provides two such unusual circumstances: the COVID-19 pandemic and that he was prepared to make a cure payment to FTAS on or before the date of the Hearing. According to the District Court, Robinson provided the Bankruptcy Court with no unusual circumstances other than the ability to cure, which is not by itself an unusual circumstance. Form of Relief Although the Bankruptcy Court did not explicitly address whether dismissal was a better alternative to conversion, it inquired about the position of another creditor, the U.S. Trustee, before it decided to grant the motion. Because no creditor objected to dismissal and the Bankruptcy Court considered the best interests of all of the creditors, the District Court concludes that the Bankruptcy Court did not commit clear error in this case. Evidence and Notice of Default Robinson contends that the Bankruptcy Court committed clear error when it found that FTAS met the requirement of notice of default in the Plan. He claims that the Bankruptcy Court did not have any evidence that the Notice of Default was delivered via certified mail when it granted the motion to dismiss. FTAS argues: (1) the Stipulation does not require that the notice be sent via certified mail, (2) notice in the contractually prescribed manner is not required where a party has actual notice and has not suffered prejudice, and (3) that there is evidence in the record that the Notice of Default was sent via certified mail. The District Court finds that the Bankruptcy Court did not commit clear error when it found that the Notice of Default was sufficient. It is not convinced that the Bankruptcy Court needed to have asked for more evidence about the method of delivery, especially since Robinson never mentioned that the Notice was not sent via certified mail. Notice of Hearing Robinson argues that the Bankruptcy Court erred when it granted the motion to dismiss because FTAS's Notice of Hearing failed to comply with Local Rule of Bankruptcy 9013-1(k). He claims the Notice of Hearing was deficient and the Bankruptcy Court committed clear error by granting the motion to dismiss. The District Court finds Robinson waived this argument because it was not argued below. A copy of the Court's Order dated July 21, 2025, is available at https://urlcurt.com/u?l=E2CFBW from PacerMonitor.com. David Rulon Robinson filed for Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No. 16-05828) on May 23, 2016, listing under $1 million in both assets and liabilities. The Debtor is represented by James P. Webster, Esq., at JAMES PORTMAN WEBSTER LAW OFFICE, PLC. DG INVESTMENT 2: $280MM Refinancing No Impact on Moody's B2 Rating ------------------------------------------------------------------ Moody's Ratings said that DG Investment Intermediate Holdings 2, Inc.'s proposed refinancing and maturity extension of its $280 million backed senior secured second-lien term loan does not have an impact on the company's existing ratings and outlook. The proposed transaction will extend the maturity of the backed senior secured second-lien term loan to July 2033. DG Investment Intermediate Holdings 2, Inc.'s B2 rating on the existing backed senior secured first-lien bank credit facilities, Caa2 rating on the backed senior secured second-lien term loan, and stable outlook remain unchanged. Also, Convergint Technologies Group Holdings LLC's (Convergint) corporate family rating of B3, probability of default rating of B3-PD, and stable outlook remain unchanged. While there is no change in the principal amount, Moody's views the proposed maturity extension of the second-lien term loan and expected annual interest expense savings as a credit positive. Interest expense savings will benefit interest coverage and free cash flow. Convergint's CFR is principally constrained by high pro forma financial leverage as the recent debt funded repayment of the company's existing preferred equity increased LTM debt-to-EBITDA by 1.2x to approximately 8.5x (including Moody's adjustments) as of March 31, 2025. Convergint's credit profile is also negatively impacted by modest profitability and corporate governance risks related to the company's concentrated equity ownership. While Moody's expects EBITDA growth to principally drive a contraction in debt-to-EBITDA towards 8x by the end of 2025, the company's acquisitive growth strategy creates potential for additional debt-funded acquisitions that may constrain efforts to reduce financial leverage. The company's credit profile is also pressured by concerns relating to macroeconomic cyclicality and potential periodic supply constraints which could negatively impact Convergint's ability to capitalize on the company's healthy secular growth prospects in the commercial security systems services market. These risk factors are somewhat mitigated by Convergint's large, global operating scale and a highly re-occurring revenue stream with little customer or end market concentration as well as Moody's expectations for sustained demand and strong growth in commercial security installation services. Moody's expects the low capital intensity of Convergint's business model and the benefits of existing interest rate hedges (approximately 65% of the pro forma backed senior secured first-lien term loan is hedged through July 2027) to support positive, albeit modest, free cash flow over the next 12-15 months. Convergint is a service-based organization that designs, installs, and maintains building systems, with a focus in the areas of security systems with ancillary services in fire alarm/notification and life safety. The corporate entity is owned by Ares Management Corporation (Ares), Leonard Green & Partners, L.P. (LGP), and funds managed by Harvest Partners, LP (Harvest). Pro forma for recently completed and pending acquisitions, Moody's expects the company to generate revenues approximating $3.1 billion in 2025. DI ANTAR: Employs Neeleman Law Group as Legal Counsel ----------------------------------------------------- Di Antar Group, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Washington to hire Neeleman Law Group, P.C. to serve as legal counsel in its Chapter 11 case. Neeleman Law Group, P.C. will provide these services: (a) assist the Debtor in the investigation of the financial affairs of the estate; (b) provide legal advice and assistance to the Debtor with respect to matters relating to the case and creditor distribution; (c) prepare all pleadings necessary for proceedings arising under the case; and (d) perform all necessary legal services for the estate in relation to this case. Neeleman Law Group will charge $600 per hour for attorney fees for principals, $475 per hour for associates, and $250 per hour for paralegal services. Neeleman Law Group, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Jennifer L. Neeleman, Esq. NEELEMAN LAW GROUP, P.C. 1403 8th Street Marysville, WA 98270 Telephone: (425) 212-4800 Email: jennifer@neelemanlaw.com About Di Antar Group LLC Di Antar Group, LLC, doing business as Shaburina Shabu-Shabu Hot Pot and Shaburina, operates restaurant ventures in the United States, including "Shaburina," a Korean/Japanese-style hot pot restaurant offering Shabu Shabu in Redmond, Washington. The restaurant features a self-serve, all-inclusive buffet concept that allows customers to customize their meals. The company also sources and imports restaurant supplies and equipment. Di Antar Group sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 25-11655) on June 16, 2025. In its petition, the Debtor reported total assets of $78,100 and total liabilities of $1,267,198. Judge Christopher M. Alston handles the case. The Debtor is represented by Thomas D. Neeleman, Esq., at NeelemanLaw Group, P.C. DIOCESE OF ROCHESTER: Bids to Exclude Expert Testimony Denied ------------------------------------------------------------- The Honorable Paul R. Warren of the United States Bankruptcy Court for the Western District of New York denied the following motions in limine directed at testimony to be offered at the confirmation trial in the bankruptcy case of The Diocese of Rochester: (1) The Continental Insurance Company's motion in limine to exclude rebuttal expert testimony by Professor Anthony Sebok; (2) Official Committee of Unsecured Creditor's motion in limine to exclude expert testimony of Professor Samir Parikh; (3) Plan Proponents' motion in limine to exclude expert testimony of Julia M. Hilliker and Peter J. Kelly; and (4) CNA's motion in limine to exclude certain opinions of Professor Tom Baker. Testimony by Professor Anthony Sebok and Professor Samir Parikh CNA asserts that Prof. Sebok's testimony should be excluded because: (1) he was disclosed as a rebuttal expert by Jeff Anderson and Associates, who are not plan proponents or parties-in-interest; (2) the principal purpose of Prof. Sebok's testimony is to rebut testimony by CNA's expert (Prof. Samir Parikh) that impugns the reputation of JAA, which testimony CNA contends is "irrelevant and inadmissible;" and (3) any testimony by Prof. Sebok that relates to confirmation issues would be cumulative. The Committee's opposition includes a motion in limine to exclude the expert testimony of Prof. Parikh, to which CNA filed opposition. The Committee contends that determinations to include or exclude the testimony of Prof. Parikh and Prof. Sebok are directly related to one another. The Court will not preclude the testimony at this stage. Accordingly, the motions to preclude the testimony of Prof. Parikh and Prof. Sebok are denied. Testimony of Julia M. Hilliker and Peter J. Kelly CNA states that Ms. Hilliker will testify at trial as to how CVA claims normally proceed through discovery and trial in New York courts. The Plan Proponents seek to disallow Ms. Hilliker's testimony, asserting that the testimony she will give is duplicative of the testimony she gave during the administrative claim trial last year. Mr. Kelly is offered by CNA as an expert regarding insurer expectations with respect to their right and ability to control the defense of claims tendered to them for payment. The Plan Proponents seek to disallow Mr. Kelly's testimony based upon their belief that his opinions exceed his expertise. The Court has reviewed the qualifications of both experts and is fully capable of determining whether the scope of their testimony exceeds their expertise. As such, the motion of the Plan Proponents to preclude the testimony and opinions of Ms. Hilliker and Mr. Kelly is denied. Testimony of Professor Tom Baker CNA has moved to exclude the opinions and testimony of Prof. Tom Baker, as a rebuttal expert to the opinions of Ms. Hilliker and Mr. Kelly. CNA asserts that Prof. Baker is not qualified to testify in rebuttal to the direct testimony of either expert. The bases for disallowing the testimony of Prof. Baker sound similar to the requests made to disallow the opinions of Ms. Hilliker and Mr. Kelly -- lack of expertise. Since the Court has seen fit to allow the testimony of Ms. Hilliker and Mr. Kelly, the Court will allow the rebuttal testimony of Prof. Baker. To the extent Prof. Baker, or any expert, attempts to offer legal conclusions, those opposing such testimony will be expected to object at trial. Accordingly, CNA's motion is denied. A copy of the Court's Decision and Order dated July 21, 2025, is available at https://urlcurt.com/u?l=gIpMUK from PacerMonitor.com. About The Diocese of Rochester The Diocese of Rochester in upstate New York provides support to 86 Roman catholic parishes across 12 counties in upstate New York. It also operates a middle school, Siena Catholic Academy. The diocese has 86 full-time employees and six part-time employees and provides medical and dental benefits to an additional 68 retired priests and two former priests. The diocese generated $21.88 million of gross revenue for the fiscal year ending June 30, 2019, compared with a gross revenue of $24.25 million in fiscal year 2018. The Diocese of Rochester filed for Chapter 11 bankruptcy protection (Bankr. W.D.N.Y. Case No. 19-20905) on Sept. 12, 2019, amid a wave of lawsuits over alleged sexual abuse of children. In the petition, the diocese was estimated to have $50 million to $100 million in assets and at least $100 million in liabilities. Bond, Schoenec & King, PLLC and Bonadio & Co. serve as the diocese's legal counsel and accountant, respectively. Stretto is the claims and noticing agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors in the diocese's Chapter 11 case. Pachulski Stang Ziehl & Jones, LLP and Berkeley Research Group, LLC serve as the committee's legal counsel and financial advisor, respectively. DIOCESE OF ROCKVILLE: Court Expunges Claim No. 90622 ---------------------------------------------------- Chief Judge Martin Glenn of the United States Bankruptcy Court for the Northern District of New York sustains the objection of the Roman Catholic Diocese of Rockville Centre, New York, to Claim No. 90622. The Court expunges the Claim. The Additional Debtors -- the parishes under the Rockville Center Diocese -- filed voluntary petitions for relief under chapter 11 on Dec. 3, 2024. The Additional Debtors' prepackaged plans were confirmed, along with the Diocese's chapter 11 plan, on Dec. 4, 2024. This objection concerns an abuse claim filed against the Additional Debtors. There are two broad categories of abuse claims: (1) previously-asserted (pre confirmation) abuse claims and (2) new abuse claims filed post-confirmation. Only a new abuse claim is at issue in this Objection. New abuse claimants can seek to recover from one of two sources: if they elect to be a participating post-confirmation claim, they will be treated in accordance with the trust documents and the Diocese's chapter 11 plan, which provides for payment out of a trust established for abuse victims. If they do not so elect, such non participating post-confirmation claimants choose their own claim allowance and objection process. The claimant with respect to Claim No. 90622 is a non-participating post confirmation claim. In other words, the claimant elected, on his claim form, not to participate in the settlement trust created for abuse survivors and instead chose to proceed via the claim allowance/disallowance process as established by the Bankruptcy Code and Rules. The Additional Debtors expressly preserved all their objections to claims in their chapter 11 plan, including objections based on the statute of limitations. Claim No. 90622 was filed on Jan. 13, 2025, on the Additional Debtors' bar date. The Additional Debtors clarify that the claim was asserted solely against a single Additional Debtor (St. Francis Cabrini Roman Catholic Church, Case No. 24-12180). The Claim does not assert a claim against the lead Debtor in these cases, the Roman Catholic Diocese of Rockville Centre, New York. The claimant alleges that he suffered abuse as a child for ten years, starting in 1973, at the hands of a deacon at one of the Additional Debtors. The claimant alleges that he has suffered lasting psychological impairment from this abuse. The Additional Debtors argue that this claim is time-barred under applicable nonbankruptcy law and should therefore be disallowed under sections 502(b)(1) and 558 of the Code. They argue that the statute of limitations for negligence claims in New York is three years from the date of injury or attaining the age of 18. While New York's 2019 Child Victims Act, N.Y. C.P.L.R. Sec. 214-g, ("CVA") revived the statute of limitations in New York for sexual abuse survivors' claims for people sexually abused as minors in New York whose claims were, by that point in time, already time-barred, such revived claims needed to have been asserted by Aug. 14, 2021 in order to be timely, and this claim was not filed until years after this cutoff. The Additional Debtors argue that the allegations set out in the proof of claim demonstrate that the claim is barred by the applicable statute of limitations. The claimant argues that he should be permitted to file a late claim against the Diocese --- late in that it was filed after the bar date established for claims against the Diocese. He argues that the Court should exercise its discretion to permit him to file his claim late due to equitable considerations: allowing this claim, he argues, will not cause the Additional Debtors (or the Diocese) prejudice given its relatively small size, the Additional Debtors' bar date postdates their plan confirmation so they clearly anticipated the filing of additional claims post-confirmation, and allowing the claimant's claim would not have a disruptive effect on the Additional Debtors' plan or the distribution process. Moreover, he argues that he acted in good faith, so he ought to be able to amend his claim to demonstrate the existence of good faith and thus further justify allowing his claim to proceed despite missing the bar date established by the Diocese. The claimant only filed a claim against an Additional Debtor. Even if he had filed one against the Diocese, that is not at issue -- the Court is presented with the Additional Debtors' objection, not an objection by the Diocese. The Court finds claimant's argument that the Additional Debtors should be estopped from bringing a statute of limitations defense fails. They explicitly preserved the SOL defense in their Plan. They have not deliberately changed positions that would trigger the application of the judicial estoppel doctrine, the Court concludes. A copy of the Court's Memorandum Opinion and Order dated July 21, 2025, is available at https://urlcurt.com/u?l=7H3Uja from PacerMonitor.com. Attorneys for the Reorganized Additional Debtors: William C. Huer, Esq. Alexandra Pontrello, Esq. WESTERMAN BALL EDERER MILLER ZUCKER & SHARFSTEIN, LLP 1201 RXR Plaza Uniondale, NY 11556 Email: wheuer@westermanllp.com apontrello@westermanllp.com Attorneys for Claimant 90622: Jordan K. Merson, Esq. Sarah R. Cantos, Esq. Alice A. Bohn, Esq. Allie Shaffer, Esq. MERSON LAW, PLLC 950 Third Avenue, 18th Floor New York, NY 10022 About The Roman Catholic Diocese of Rockville Centre, New York The Roman Catholic Diocese of Rockville Centre, New York, is the seat of the Roman Catholic Church on Long Island. The Diocese has been under the leadership of Bishop John O. Barres since February 2017. The State of New York established the Diocese as a religious corporation in 1958. The Diocese is one of eight Catholic dioceses in New York, including the Archdiocese of New York. The Diocese's total Catholic population is approximately 1.4 million, roughly half of Long Island's total population of 3.0 million. The Diocese is the eighth largest diocese in the United States when measured by the number of baptized Catholics. To deal with sexual abuse claims, the Roman Catholic Diocese of Rockville Centre, New York, filed a Chapter 11 petition (Bankr. S.D.N.Y. Case No. 20-12345) on Sept. 30, 2020, listing as much as $500 million in both assets and liabilities. Judge Martin Glenn oversees the case. The Diocese tapped Jones Day as legal counsel, Alvarez & Marsal North America, LLC, as restructuring advisor, and Sitrick and Company, Inc., as communications consultant. Epiq Corporate Restructuring, LLC is the claims agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors in the Diocese's Chapter 11 case. The committee tapped Pachulski Stang Ziehl & Jones, LLP and Ruskin Moscou Faltischek, PC as its bankruptcy counsel and special real estate counsel, respectively. Robert E. Gerber, the legal representative for future claimants of the Diocese, is represented by the law firm of Joseph Hage Aaronson, LLC. DMCC 26TH AVE: Court Denies Bid to Use Cash Collateral ------------------------------------------------------ The U.S. Bankruptcy Court for the Middle District of Florida, Jacksonville Division issued a final order denying as moot the joint emergency motion filed by DMCC 26TH AVE, LLC and affiliated debtors to use cash collateral. About DMCC 26th Ave LLC DMCC 26th Ave, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-03657) with $500,001 to $1 million in assets and $500,001 to $1 million in liabilities. Judge Jason A. Burgess oversees the case. The Debtor is represented by: Justin M. Luna, Esq. Latham, Luna, Eden & Beaudine, LLP Tel: 407-481-5800 jluna@lathamluna.com DP LOUISIANA: Gets Interim OK to Use Cash Collateral ---------------------------------------------------- DP Louisiana, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of Louisiana to use cash collateral to fund its operations. The court's order authorized the Debtor's interim use of cash collateral for the period from June 30 through August 4. The Debtor intends to use cash received from the sale of hydrocarbons in which a secured creditor may assert security interests pursuant to the Louisiana Oilwell Lien Act (LOWLA). It has identified 26 creditors, which may possess lien rights against the oil and gas leases and equipment it owns. As adequate protection, the LOWLA lienholders will be granted perfected replacement liens on collateral as to which they had a first priority lien as of the petition date, subject to the carveout for certain fees; and junior perfected liens on the collateral that is subject to a validly perfected lien with priority over the LOWLA lienholders' liens as of the petition date. In case the replacement liens prove to be inadequate to protect the LOWLA lienholders, an allowed superpriority administrative expense claim will be granted to such lienholders, subject to the carveout. The bankruptcy court will hold a final hearing on July 30. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/7zQ4A from PacerMonitor.com. About DP Louisiana LLC DP Louisiana LLC is engaged in oil and gas extraction operations. It is based in Louisiana and uses EAG Services in Houston, Texas, for administrative support. DP Louisiana sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. La. Case No. 25-11366) on June 30, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Judge Meredith S. Grabill handles the case. The Debtor is represented by Douglas S. Draper, Esq., at Heller, Draper & Horn, L.L.C. EIF CHANNELVIEW: Moody's Rates Proposed Secured Credit Loans 'Ba3' ------------------------------------------------------------------ Moody's Ratings assigned a Ba3 rating to EIF Channelview Cogeneration, LLC's ("Channelview", "Borrower" or "Project") proposed senior secured credit facilities consisting of a $220 million senior secured first lien term loan B maturing in 2032, a $30 million senior secured first lien revolving credit facility maturing in 2030 and a $10 million letter of credit facility maturing in 2030. The rating outlook is stable. Proceeds from the term loan B will be used to partially finance Elliott Investment Management's ("Elliot", or "Sponsor") acquisition of 97% of Channelview from funds managed by Ares Management LLC ("Ares"), and to pay transaction fees and expenses. RATINGS RATIONALE The Ba3 rating reflects Channelview's strong operational profile, its competitive positioning within the Electric Reliability Council of Texas, Inc. (ERCOT: Aa3 stable) wholesale power market, and expected cash flow supported by a mix of contractual arrangements, as well as revenues derived from hedging strategies and from the ERCOT merchant marketplace. While the initial debt quantum is lower compared to previous financings at the Project, the rating outcome also considers Channelview's historical financial performance which demonstrates a fair degree of year-over-year earnings and cash flow volatility owing to the Project's reliance on merchant cash flow from the ERCOT wholesale power market. The Project's cash flow benefits from offtake agreements with Equistar Chemicals, LP (Equistar), a subsidiary of LyondellBasell Industries N.V. (Lyondell: Baa2, stable), including a Steam Supply Agreement (SSA) under which Channelview is the sole provider of steam through 2030 (with renewal options through 2042) and an Energy Supply Agreement (ESA) for 233 MWs through 2029 with Equistar's option to take an additional 100MWs. Channelview does not generate a significant amount of energy margin from the Equistar contracts. Rather, the SSA and ESA each provide for fuel cost reimbursement, allowing the plant to operate at a lower effective heat rate, increasing its efficiency and providing a competitive advantage compared to other combined-cycle generators in the region, while the ESA provides Channelview annual capacity payments of $25 million during the term. The Project is an extremely important resource to Equistar and its parent, Lyondell, and the Channelview complex is a core holding for Lyondell's operations. Combined, these contracts provide some cash flow visibility and serve to enhance Channelview's competitive position within ERCOT which when coupled with existing spark spreads hedges for 120MW of Channelview's capacity through the end of 2026, provides a degree of cash flow and margin visibility over the next several years. Moody's understands that Channelview plans to continue to hedge 120MW of its capacity on a 1-2 year rolling forward basis. The Project also benefits from interconnections to three major natural gas pipelines—Kinder Morgan Texas, Kinder Morgan Tejas, and Energy Transfer's Houston Pipeline—providing additional redundancy and flexibility. Operations and maintenance (O&M) services are provided by Siemens Energy, Inc. ("Siemens") under a long-term agreement that extends through December 2026, with an option for two one-year extensions. Siemens also serves as the long-term maintenance agreement (LTMA) provider, with responsibilities including scheduled and unscheduled turbine maintenance through 2034. Channelview has demonstrated a strong operational track record over the past decade. Despite higher EFORd in 2020 and 2023, the project has operated with an average capacity factor of approximately 82% and steam availability near 100%. The facility has consistently maintained high availability during extreme weather events, including Winter Storm Uri in 2021, when it achieved 98% availability while many other ERCOT generators experienced outages. Channelview's location in the Houston zone of ERCOT is strategically advantageous. The region is experiencing rapid demand growth driven by industrial expansion, electrification, and the proliferation of data centers and AI-driven infrastructure. ERCOT forecasts an 8.5% CAGR in peak demand through 2030, with over 50 GW of incremental load expected by that time. This demand surge, coupled with thermal retirements and limited new dispatchable capacity, is expected to support elevated power prices and increase the value of reliable baseload assets like Channelview. The financing includes a standard project finance security package, including a cash flow waterfall administered by a trustee. The security package provides a first-priority perfected lien on substantially all existing and future assets of the Borrower and 100% of the equity interests in the Borrower and its subsidiaries. The financing structure includes a customary 1% per annum mandatory amortization of the term loan B and additional amortization through a quarterly excess cash flow ("ECF") sweep. The ECF sweep is governed by a leverage-based step-down: 75% if the First Lien Net Leverage Ratio exceeds 4.0x, 50% if leverage is below or equal to 4.0x and higher than 2.75x, and 25% if leverage is equal or lower than 2.75x. Additional ECF sweep provisions apply based on the renewal status of the SSA. The financing package also includes a cap on the volume of power hedges that Channelview can execute, limiting it to up to 65% of its nameplate capacity. Despite some credit supportive features of the financing package, it does offer Channelview with some degree of financing flexibility. Specifically, the waterfall enables the Project to pay annual tax distributions to the Sponsors of up to $10 million annually ahead of the excess cash flow sweep mechanism which has the potential to increase refinancing risk. No tax distribution, however, is permitted in the first year after closing of the term loan B transaction. Moreover, the issuer can raise $30 million of incremental indebtedness without consideration of an incurrence test but subject to rating affirmation from the rating agencies. The Project's liquidity profile includes a six-month debt service reserve account (DSRA), which is expected to be funded via the $30 million revolving credit facility and $10 million LC facility. The Ba3 rating incorporates projected consolidated debt service coverage ratios (DSCR), Project CFO-to-Debt and Debt-to-EBITDA metrics that are in line with the 'Ba' rating category under Moody's Power Generation Projects methodology. Based on Moody's base case assumptions—which include lower merchant margins, modestly higher O&M costs and lower operational metrics—Channelview is expected to generate an average DSCR of 2.6x, average Project CFO-to-Debt of 16.6% and an average Debt-to-EBITDA ratio of 3.5x from 2026 to 2028. Under this base case, approximately 40% of the term loan B is expected to remain outstanding at final maturity. RATING OUTLOOK The stable outlook reflects Moody's expectation that Channelview will maintain strong operational performance and produce financial metrics that align with Moody's base case as the Project benefits from its competitive position as a merchant generator and favorable ERCOT market dynamics, including rising demand from data centers, electrification, and industrial growth. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The Project's rating is constrained by its overall business risk profile which is concentrated as a single asset plant that is highly dependent on merchant cash flow, which historically has resulted in more volatile year-over-year financial performance. However, upward pressure on the rating could emerge if Channelview demonstrates sustained DSCR above 3.0x and CFO/debt above 20% on a sustained basis that could surface owing to the initial debt quantum and supported by continued strong operating performance and favorable market conditions. Conversely, the rating could face downward pressure if the Project experiences operational disruptions, deterioration in ERCOT market fundamentals, or if DSCR or CFO/debt fall below 2.0x and 10%, respectively, on a sustained basis. PROFILE Channelview is an 851 MW natural-gas fired, combined-cycle cogeneration facility located in the Houston zone of ERCOT. The Project has been in commercial operation since 2002 and provides an economic and reliable source of high and low-pressure steam and power to the adjacent petrochemical facility, Equistar, a subsidiary of Lyondell. The Project also serves the Houston zone of the ERCOT market with baseload power and ancillary services. The facility is equipped with four Siemens 501F-D2 combustion turbines and operates in a 4x1 configuration, which provides significant operational redundancy—allowing the plant to maintain high output even during maintenance or unexpected outages. This configuration, combined with a low steam-adjusted heat rate of about 6,700 Btu/kWh, positions Channelview as an efficient and reliable baseload generators in ERCOT. In June 2025, Elliott signed a purchase agreement to acquire a 97% stake in Channelview from certain funds managed by Ares and its affiliated investment advisers. The project is now indirectly owned by Elliot, Ares will hold a 3% indirect stake in the project. The principal methodology used in these ratings was Power Generation Projects published in June 2023. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. EPIC MEDICAL: Deadline for Panel Questionnaires Set for July 30 --------------------------------------------------------------- The United States Trustee is soliciting members for committee of unsecured creditors in the bankruptcy case of Epic Medical Services AZ, LLC. If a party wishes to be considered for membership on any official committee that is appointed, it must complete a questionnaire available at https://tinyurl.com/2s72t4fh and return by email it to Fernando Garnica - Fernando.Garnica@usdoj.gov and Susan Hersh - and Susan.Hersh@usdoj.gov at the Office of the United States Trustee so that it is received no later than Wednesday, July 30, 2025 at 4:00 p.m. If the U.S. Trustee receives sufficient creditor interest in the solicitation, it may schedule a meeting or telephone conference for the purpose of forming a committee. About Epic Medical Services AZ LLC Epic Medical Services AZ LLC is a healthcare services provider operating under NAICS code 6211 (Offices of Physicians). Epic Medical Services AZ LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-42537) on July 12, 2025. In its petition, the Debtor reported estimated assets and liabilities between $1 million and $10 million each. The Debtor is represented by Vartabedian Hester & Haynes LLP. ESG CLEAN: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: ESG Clean Energy LLC 1111 Elm Street, Suite 38 West Springfield MA 01089 Business Description: ESG Clean Energy LLC designs, builds, and operates distributed power generation systems that use natural gas and incorporate carbon capture technology. The Company also produces byproducts such as deionized water and liquefied carbon dioxide. Chapter 11 Petition Date: July 23, 2025 Court: United States Bankruptcy Court District of Massachusetts Case No.: 25-30444 Debtor's Counsel: James P. Ehrhard, Esq. JAMES P. EHRHARD, ESQ. 27 Mechanic Street Worcester, MA 01608 Tel: 508-791-8411 E-mail: ehrhard@ehrhardlaw.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Nicholas J. Scuderi as manager. The Debtor failed to attach a list of its 20 largest unsecured creditors to the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BE4MDPI/ESG_Clean_Energy_LLC__mabke-25-30444__0001.0.pdf?mcid=tGE4TAMA EVERSTREAM SOLUTIONS: Receives $300MM Stalking Horse Bid for Assets ------------------------------------------------------------------- Randi Love of Bloomberg Law reports that bankrupt fiber-network provider Everstream Solutions LLC has secured a $300 million cash opening bid for nearly all of its assets. Court filings identify the bidder as Metro Everstream Bidco LLC. An auction set for Tuesday will also consider a competing $300 million offer from Fiber TopCo LLC and a $285 million stalking horse bid from Bluebird MidWest LLC, submitted at the start of the Chapter 11 case in the U.S. Bankruptcy Court for the Southern District of Texas. All three proposals include the assumption of certain liabilities, according to a notice filed Monday, July 21, 2025. About Everstream Networks Everstream Networks LLC is a business-focused provider of data, internet, and communications services, operating a fiber network spanning over 34,000 miles across 13 states in the U.S. Midwest and Northeast. Headquartered in Cleveland, Ohio, the Company offers enterprise-grade solutions such as dedicated internet access, dark fiber, Ethernet, and network security. Founded in 2014 as a subsidiary of nonprofit OneCommunity, Everstream has expanded through a mix of organic growth and acquisitions. Everstream Networks LLC and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 25-90144) on May 28, 2025. In its petition, the Debtor reports estimated assets (on a consolidated basis) between $500 million and $1 billion and estimated liabilities (on a consolidated basis) between $1 billion and $10 billion. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Gabriel A. Morgan, Esq., Clifford W. Carlson, Esq., Matthew S. Barr, Esq., Andriana Georgallas, Esq., and Alexander P. Cohen, Esq. at WEIL, GOTSHAL & MANGES LLP. The Debtors' Special Counsel is RICHARDS, LAYTON & FINGER, P.A. BANK STREET GROUP LLC is the Debtors' M&A Advisor. ALVAREZ & MARSAL NORTH AMERICA, LLC is the Debtors' Financial Advisor. STRETTO, INC. is the Debtors' Claims, Noticing & Solicitation Agent. EYECARE PARTNERS: Moody's Raises CFR to 'Caa2', Outlook Stable -------------------------------------------------------------- Moody's Ratings upgraded EyeCare Partners, LLC's ("ECP") corporate family rating to Caa2 from Caa3 and probability of default rating to Caa2-PD from Caa3-PD. Moody's also upgraded the ratings of the company's $1,495 million senior secured second-out term loan B due November 2028 to Caa2 from Caa3, the ratings on the $57 million senior secured fourth-out term loan D due November 2030, the remaining original senior secured 1st lien term loan, senior secured first lien delayed draw term loan and the senior secured second lien term loan to Ca from C. At the same time, Moody's affirmed B3 rating on the $200 million senior secured first-out revolving credit facility expiring May 2028, B3 rating on the $286 million senior secured first-out term loan A due August 2028, and Ca rating on $26 million senior secured third-out term loan C due November 2028. The outlook is stable. The ratings upgrades reflect better visibility into earnings improvement evidenced by the company's recent EBITDA growth driven by improving contribution margin and reduction in EBITDA addbacks. RATINGS RATIONALE ECP's Caa2 corporate family rating reflects the company's very high financial leverage and historically weak operating performance. The rating is further constrained by persistently negative free cash flow relative to the company's substantial debt burden, with the senior secured first-out revolver remaining the primary source of liquidity. Despite some debt reduction and improved liquidity following the 2024 debt exchange, as well as recent improvement in EBITDA, Moody's believes the company's long-term capital structure remains unsustainable. Moody's expects cash flow to remain moderately negative over the next 12 months, even assuming the company utilizes the partial PIK option on the second-out term loan. The ratings benefit from favorable fundamentals for the vision care industry including ageing population, the growing prevalence of myopia and cataracts and the non-discretionary nature of vision correction. ECP's liquidity is adequate. ECP had approximately $16 million in cash as of March 31, 2025 and $70 million available on the company's revolving credit facility. Moody's expects that ECP's free cash flow in the next 12 months will be moderately negative and turn to positive in 18 months. The outlook is stable. Although there has been an improvement in performance, Moody's expects that ECP will operate with very high financial leverage and adequate liquidity in the next 12-18 months. While short-term default risk has declined due to EBITDA growth and some liquidity improvement, Moody's maintains the view that the long-term capital structure remains unsustainable. The B3 ratings on ECP's $200 million senior secured first out revolving credit facility and $286 million senior secured first-out term loan A reflect the instruments' first priority position with respect to the $1,495 million senior secured second-out term loan B (rated Caa2), $26 million senior secured third-out term loan C (rated Ca), the $57 million senior secured fourth-out term loan D (rated Ca), remaining senior secured first lien term loans (rated Ca) and senior secured second lien term loan (rated Ca). The Caa2 rating on the second-out term loan B, Ca rating on the third-out term loan C, Ca rating on the fourth-out term loan D and Ca rating on the remaining existing first lien term loans and Ca rating on remaining second lien term loan reflect the weak expected recovery in a default scenario. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be downgraded if the company's performance deteriorates, probability of default increases or the company's liquidity weakens. The ratings could be upgraded if operating performance and liquidity continue to improve, financial leverage decreases and probability of a default declines. EyeCare Partners, LLC, headquartered in St. Louis, Missouri, is the largest medically-focused eye care services provider. ECP is vertically integrated, providing optometry, ophthalmology and retail products. ECP has approximately 700 locations across 18 states. For the LTM March 31, 2025 period, ECP generated $1.8 billion of revenues. ECP is owned by Partners Group. The principal methodology used in these ratings was Business and Consumer Services published in November 2021. ECP Caa2 rating is 2 notches below the B3 scorecard indicated outcome. The final rating considers the refinancing risk in 2028 and most importantly Moody's views that the long-term capital structure remains unsustainable. FAM BAM: To Sell Flintridge Property to SITTB for $4.5MM -------------------------------------------------------- Fam Bam LLC and its affiliate seek permission from the U.S. Bankruptcy Court for the Central District of California, San Fernando Valley Division, to sell Property, free and clear of liens, claims, and encumbrances. The United States Trustee appointed Mark Sharf as the Subchapter V Trustee in the case. Fam Bam's primary asset is an approximately 6,514 square foot single family residence with 6 bedrooms and 6 bathrooms located at 732 St Katherine Drive, La Canada Flintridge, CA 91011 (Property). On May 2025, when the Property was vacated to prepare it for sale, Fam Bam's owner, Harold Jabarian and his family resided in the Property. In exchange for being able to live in the residence, Jabarian paid the mortgage and real estate taxes on the Property, as well as the cost to insure the Property. GSTK, LLC's primary asset is a single family residence located at 25020 Oakridge Road, Stevenson Ranch, CA 91381 in which GSTK’s owner, Kevork Hasbanian, and his family reside. In exchange for being able to live in the residence, Hasbanian pays the mortgage and real estate taxes on the residence, as well as the cost to insure the residence. The principals of the Debtors, Hasbanian and Jabarian, are the owners of a related non-debtor limited liability company, Harold Jabarian and Associates, LLC, which owns the Commercial Property which was used for business operations of CPI Luxury Group, which was owned by Hasbanian and Jabarian, which itself liquidated through its own Chapter11 case. The lienholders of the Property are Harvest Small Business Finance, LLC, U.S. Bank, N.A., and East West Bank, and Los Angeles county Tax Collector. The Debtors employ Core as real estate broker to assist the Debtor in its efforts to market and sell the Property. Core will be paid 2.5% of the Purchase Price of the Property upon the close of escrow of any sale of the Property. On June 1, 2025, CORE listed the Property on the MLS with an asking price of $4.85 million. There were no price adjustments on the MLS. CORE (a) sent an email blast to over 2,000 contacts comprised of other real estate agents, brokers, and potential buyers, (b) advertised the Property via boosted social media and video posts on Instagram and Facebook, and (c) conducted 11 private showings of the Property. As a result of its marketing efforts, CORE received three initial signed, written offers for the Property in the amounts of $3.637 million, $4.095 million, and $4.8 million. In response, Debtor sent a multiple counter offer to the foregoing bidders that were still active with the following terms: a. Provide best and final offer by 5:00 pm on June 18, 2025. b. Sale shall be subject to approval of Bankruptcy Court. c. Sale shall close not later than 15 days after entry of order of the Bankruptcy Court approving the sale. d. Sale shall be "as is", where is with no representations or warranties of any kind. e. Sale shall not be subject to any contingencies (financing or otherwise) other than entry of an order of the Bankruptcy Court approving the sale transaction. In response to the foregoing multiple counter offer, the Debtor received two signed, written counter offers agreeing to the foregoing terms – one in the amount of $4.5 million from the Purchaser and one in the amount of $5.2 million. The party that made the $5.2 million offer (which had contingencies, including financing contingency, ultimately withdrew its offer. As a result, the $4.5 million offer, which is an all-cash offer, is the highest and best offer. The Debtor also believes that the $4.5 million Purchase Price for the Property offered by the Buyer represents the highest and best price that can be obtained for the Property under the circumstances. The principal terms and conditions of the proposed sale to the Buyer, subject to overbid, include the following: - Name of Buyer: SITTB, LLC, a California limited liability company or its approved assignee (referred to as the Buyer herein). - Purchase Price: $4.5 million, not subject to overbid for the reasons set forth herein. - Deposit: $100,000 (2.2% of the Purchase Price) - Estimated Costs of Sale: Total of 7% comprised of a 2.5% commission for CORE, the Debtor's broker, and a 2.5% commission for WEP, the Buyer's broker, plus any customary closing costs. - Condition of Asset/Property: "As-is" and "Where is." - Contingencies: All contingencies have now been lifted other than the entry of the Sale Order approving the sale of the Property to the Buyer. The Debtors seek to sell the Property free and clear of any and all liens, claims, encumbrances, and interests. About Fam Bam LLC Fam Bam LLC is a limited liability company in La Canada, Calif. Fam Bam filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-10615) on January 28, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Honorable Bankruptcy Judge Julia W. Brand handles the case. The Debtor is represented by Todd M. Arnold, Esq., at Levene, Neale, Bender, Yoo & Golubchik LLP, in Los Angeles, California. FINASTRA LTD: S&P Assigns 'B-' ICR on Proposed Debt Issuance ------------------------------------------------------------ S&P Global Ratings assigned its 'B-' issuer credit rating to financial services software provider Finastra Ltd. At the same time, S&P assigned its 'B-' issue-level and '3' recovery ratings to the company's proposed first-lien facilities and its 'CCC' issue-level and '6' recovery ratings to its proposed second-lien term loan. The stable outlook reflects S&P's view that Finastra's cash flow will continue expanding on the back of double-digit software bookings, good cost control, and lower interest rates, resulting in FOCF to debt in the low-single-digit range over the next two years. Finastra Ltd., after announcing an agreement to sell its treasury, capital markets, and invest (TCM) business unit in May 2025, is now proposing to issue a $450 million revolving credit facility, a $2.4 billion first-lien term loan, $700 million equivalent euro-denominated first-lien term loan, and a $500 million second-lien term loan, to partially refinance its capital structure. S&P said, "Finastra's very high leverage constrains our view of financial risk despite its maturity extension. Following the debt issuance, we expect S&P Global Ratings-adjusted leverage to be 16x (about 8.5x excluding the preferred equity that we view as debt-like obligations). The company will utilize proceeds from its sale to reduce debt by about $1.3 billion, but we forecast leverage remaining above 15x in the next two years largely due to the accruing nature of its paid-in-kind (PIK) preferred equity. We believe modest improvements to leverage will be propelled by EBITDA growth, but do not expect a significant reduction within the next two years. The extended maturities should give the company seven years to address its capital structure and demonstrate a favorable operating track record on cash flow generation. "We forecast the company will generate about $64 million in FOCF in 2026, improving to $227 million in 2027 from lower interest expense combined with EBITDA growth and better working capital management. The sizable debt is a key credit risk that may bring significant refinancing risks as the company's debt approaches maturity, especially if cash flow deteriorates or the company does not use enough cash from asset sales to reduce debt, specifically as the preferred stock balance continues to grow. For now, following the planned maturity extension, the undrawn $450 million revolver and $185 million cash on hand provide some liquidity cushion over the next 12 months. "We forecast operating performance will be solid on bookings growth and CPI-linked price increases, offset by revenue and earnings reduction from the sale of the company's TCM business. Finastra has entered into an agreement to sell its TCM segment, which we forecast will reduce revenue by about $300 million and EBITDA by about $150 million. Still, Finastra has good revenue visibility because of its subscription-based model, and we forecast software revenue growth of low- to mid-single digits within the next two years after multiple years of double-digit bookings growth." The primary driver is growth in lending (specifically its LaserPro product_ and payments (primarily its new cloud-based Payments 2 Go product and expansion of its Global PAYPlus {GPP} product). Lower sales in its services segment (about 10 % of sales) and noncore segments (about 10 % of sales) offset this growth. The company has been moving away from customized services and therefore expect service revenue to decline modestly for the next few years. Additionally, its noncore segment comprising its Canada-based cheques and student-lending businesses continue to shrink. Its diverse product offerings across lending and banking and strong relationships with financial institutions provide solid up-selling opportunities. The CPI price escalators in most of its contracts also contribute modestly to growth. The company has also undertaken initiatives to cut costs, restructure its business units to operate independently, modernize its applications, and transition customers to cloud-based offerings, which S&P forecasts will sustain S&P Global Ratings-adjusted EBITDA margins above 30% in the next two years. Finastra operates in a competitive financial software industry against some larger and better-capitalized players. These include Fiserv Inc. (BBB/Stable/A-2), Fidelity National Information Services (FIS; BBB/Stable/A-2), Wolters Kluwer N.V. (BBB+/Stable/A-2), Oracle Corp. (BBB/Stable/A-2), and others. The company also competes against several fast-growing cloud-native challengers, such as Finzly and Alacriti in payments and Q2, Alkami, and Candescent (Dragon Buyer; B-/Stable/--) in digital banking. Finastra has better scale and breadth than many of the niche players, but relative to larger players like FIS and Fiserv Inc., its revenue and EBITDA are considerably smaller. Given the fierce competitive landscape and emphasis on technological advancement, S&P believes the larger peers can more easily deploy capital to improve software offerings and enter new segments. Finastra largely serves financial institutions, so it depends on the health and technological needs of the banking industry. Many of its clients are small to midsize banks with under $50 billion in assets, and these smaller institutions are more vulnerable to macroeconomic weakness. Additionally, industry consolidation within financial services creates risks of customer attrition as these smaller players are acquired by larger financial institutions. Finastra's mission-critical offerings and entrenchment in customers' systems creates barriers to entry and high switching costs that protect it against competitors. The subscription-based revenue model and locked-in contract terms reduce revenue volatility. The company has good geographic diversity (it generates 40% of revenue outside the Americas), minimal customer concentration, high net retention rates, and strong customer position in lending. The company operates with modest capital expenditure (capex) requirements as a software provider, and capex is approximately 2%-3% of revenues (S&P reclassifies capitalized software development costs as an operating expense for most software companies). S&P said, "The stable outlook reflects our view that Finastra's cash flow will continue expanding on the back of double-digit software bookings, good cost control, and lower interest rates, resulting in FOCF to debt in the low-single-digit range over the next two years. "We could lower our rating on Finastra if its capital structure becomes unsustainable, or operating underperformance leads to weaker-than-anticipated FOCF or tightening liquidity." This could happen if: -- FOCF is insufficient to cover debt servicing costs. -- The company loses key customers due to increased competition or poor macroeconomic conditions. -- The company materially increases funded debt to redeem preferred equity, pay shareholder dividends, or make leveraging acquisitions. While unlikely, S&P could raise its rating if Finastra grows EBITDA and limits its debt intake, leading to: -- Adjusted leverage below 7.5x; and -- FOCF to debt consistently in the mid-single-digit area. FLY7 INSTALLATIONS: Gets Final OK to Use Cash Collateral -------------------------------------------------------- Fly7 Installations, LLC received final approval from the U.S. Bankruptcy Court for the Eastern District of Virginia, Norfolk Division, to use cash collateral. The final order authorized the Debtor to use the cash collateral of its secured lenders to pay the expenses set forth in its budget, with a 125% variance allowed. The Debtor projects total operational expenses of $51,790.10. As protection for the Debtor's use of its cash collateral, Northeast Bank will be granted a replacement lien on assets acquired, generated or received by the Debtor after its bankruptcy filing, which are similar to its pre-bankruptcy collateral. This replacement lien will have the same validity, priority and extent as Northeast Bank's pre-bankruptcy lien. As additional protection, Northeast Bank will receive a monthly payment of $2,038.05. It is the Debtor's position that ODK Capital, LG Funding LLC, Blade Funding Corp, Litefund Solutions LLC, and Finvest LLC have recorded UCC financing statement on dates after Northeast Bank and due to the lack of equity in the property, are considered null and void. At filing, Northeast Bank was owed approximately $139,621.70, secured by property worth $77,015.26. Northeast Bank may be reached through: Andrea Pizzotti VP of Asset Management Northeast Bank 27 Pearl St. Portland, ME 04101 About Fly7 Installations Fly7 Installations, LLC filed Chapter 11 petition (Bankr. E.D. Va. Case No. 25-70482) on March 8, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Jada Rose Hamlett, company owner, signed the petition. Judge Frank J. Santoro oversees the case. The Debtor is represented by: Carolyn Anne Bedi, Esq. Bedi Legal, P.C. Tel: 757-222-5842 Email: carolyn@bedilegal.com FRANCO HAULING: Gets OK to Use Cash Collateral Until Aug. 22 ------------------------------------------------------------ Franco Hauling, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois to use cash collateral. The fifth order extended the Debtor's authority to use cash collateral until August 22 to pay expenses in accordance with its budget and the terns of the initial order dated March 12. The budget projects total monthly operational expenses of $40,497.74. The next hearing is scheduled for August 20. About Franco Hauling LLC Franco Hauling, LLC is a truck hauling Company that haul materials and debris from work sites to designates locations. Franco is a veteran owned female controlled company. Franco was formerly a Union Contractor, but the contract was terminated by the Suburban Teamsters. Franco is currently operating a non-union company. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-03520) on March 7, 2025. In the petition signed by July Franco, manager, the Debtor disclosed up to $100,000 in assets and up to $1million in liabilities. Judge Janet S. Baer oversees the case. O. Allan Fridman, Esq., at Law Office of Allan Fridman, represents the Debtor as legal counsel. FUEL FITNESS: Court Extends Cash Collateral Access Until Aug. 21 ---------------------------------------------------------------- The U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, extended Fuel Fitness, LLC's authority to use cash collateral to fund its operations. The 10th interim order authorized the Debtor to use cash collateral for the period from July 22 to August 21, pursuant to its monthly budget, with a 10% variance. The budget shows total projected expenses of $74,180 for the interim period. The Debtor's bankruptcy estate has an interest in revenues from the operation of its business. These revenues constitute the cash collateral of secured creditors, including Live Oak Banking Company, Newtek Bank N.A., and SofiaGrey, LLC. The Debtor owes $525,000 to Live Oak, $345,000 to NewTek, $110,000 to Fitness Investment Partners and $77,000 to SofiaGrey. As protection, the secured creditors were granted a continuing post-petition security interest in and lien on all personal property of the Debtor to the same extent and with the same priority as their pre-bankruptcy liens. As further protection, Live Oak Banking Company will receive payment of $5,000 on or before August 15. The next hearing is scheduled for August 19. About Fuel Fitness LLC Fuel Fitness, LLC, a company in Raleigh, N.C., filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 24-03698) on Oct. 22, 2024, with up to $100,000 in assets and up to $10 million in liabilities. Christopher Shawn Stewart, member-manager, signed the petition. Judge Joseph N. Callaway oversees the case. The Debtor is represented by Philip Sasser, Esq., at Sasser Law Firm. Live Oak Banking Company, as secured creditor, is represented by: William Walt Pettit, Esq. Hutchens Law Firm 6230 Fairview Road, Suite 315 Charlotte, NC 28210 Phone: (704) 362-9255 walt.pettit@hutchenslawfirm.com FUEL HOMESTEAD: Court Extends Cash Collateral Access to Aug. 21 --------------------------------------------------------------- Fuel Homestead, LLC received another extension from the U.S. Bankruptcy Court for the Eastern District of North Carolina, to use cash collateral. The court's 10th interim order authorized the Debtor to use cash collateral from July 22 to August 21 to pay the operating expenses set forth in its budget, with a 10% variance. The budget shows total projected expenses of $91,930 for the interim period. The Debtor's bankruptcy estate has an interest in revenues from the operation of its business. These revenues constitute the cash collateral of secured creditors, including Live Oak Banking Company, Fitness Investment Partners, Newtek, and SofiaGrey, LLC. The Debtor owes $525,000 to Live Oak, $345,000 to NewTek, $110,000 to Fitness Investment Partners and $77,000 to SofiaGrey. As protection, the secured creditors were granted a continuing post-petition security interest in and lien on all personal property of the Debtor to the same extent and with the same priority as their pre-bankruptcy liens. As additional protection, Live Oak Banking Company will receive payment in the amount of $5,000 on or before August 15. The next hearing is set for August 19. About Fuel Homestead Fuel Homestead, LLC, a company in Raleigh, N.C., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 24-03699) on October 22, 2024, with up to $100,000 in assets and up to $10 million in liabilities. Christopher Shawn Stewart, member-manager, signed the petition. Judge Joseph N. Callaway oversees the case. The Debtor is represented by Philip Sasser, Esq., at Sasser Law Firm. Live Oak Banking Company, as secured creditor, is represented by: William Walt Pettit, Esq. Hutchens Law Firm 6230 Fairview Road, Suite 315 Charlotte, NC 28210 (704) 362-9255 walt.pettit@hutchenslawfirm.com FUEL REYNOLDA: Court Extends Cash Collateral Access to Aug. 21 -------------------------------------------------------------- Fuel Reynolda, LLC received 10th interim approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina, Raleigh Division, to use cash collateral to fund operations. The 10th interim order authorized the Debtor to use cash collateral for the period from July 22 to August 21, pursuant to its monthly budget, with a 10% variance. The budget shows total projected expenses of $93,680 for the interim period. The Debtor's bankruptcy estate has an interest in revenues from the operation of its business. These revenues constitute the cash collateral of secured creditors, including Live Oak Banking Company, Fitness Investment Partners, Newtek, and SofiaGrey, LLC. The Debtor owes $525,000 to Live Oak, $345,000 to NewTek, $110,000 to Fitness Investment Partners and $77,000 to SofiaGrey. As protection, the secured creditors were granted a continuing post-petition security interest in and lien on all personal property of the Debtor to the same extent and with the same priority as their pre-bankruptcy liens. In addition, Live Oak Banking Debtor will receive payment of $5,000 on or before August 15 as further protection. The next hearing is set for August 19. About Fuel Reynolda Fuel Reynolda, LLC -- https://fuelfitnessclubs.com/about/ -- doing business as Fuel Fitness, is a fitness center that offers the best free weights, strength training/cardio equipment, group fitness classes, personal training, childcare, recovery studio and smoothie bar. Fuel Reynolda sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 24-03700) on October 22, 2024, with $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. Christopher Shawn Stewart, member-manager, signed the petition. Judge Joseph N. Callaway oversees the case. Philip Sasser, Esq., at Sasser Law Firm is the Debtor's bankruptcy counsel. Live Oak Banking Company, as secured creditor, is represented by: William Walt Pettit, Esq. Hutchens Law Firm 6230 Fairview Road, Suite 315 Charlotte, NC 28210 (704) 362-9255 walt.pettit@hutchenslawfirm.com FURMACY INC: Seeks Chapter 11 Bankruptcy in Delaware ---------------------------------------------------- On July 1, 2025, Furmacy Inc. filed Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. According to court filing, the Debtor reports between $10 million and $50 million in debt owed to more than 100,000 creditors. The petition states funds will be available to unsecured creditors. About Furmacy Inc. Furmacy Inc. is a pet medication provider operating as both 'Furmacy' and 'Furscription that offers pet pharmacy and prescription services through its online platforms at furmacy.com and furscription.com. Furmacy Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11364). In its petition, the Debtor reports between $10,000 and $50,000 each. The Debtor is represented by Michael R. Nestor, Esq., at Young Conaway Stargatt & Taylor. GENERAC POWER: Moody's Affirms 'Ba1' CFR, Outlook Remains Stable ---------------------------------------------------------------- Moody's Ratings affirmed the ratings of Generac Power Systems, Inc. (Generac), including the Ba1 corporate family rating, Ba1-PD probability of default rating and Ba1 ratings on the senior secured bank credit facilities. The outlook remains stable. The SGL-1 speculative grade liquidity rating remains unchanged. The affirmation of the CFR reflects Moody's expectations that Generac will maintain its strong market position in the North American residential, commercial and industrial standby generator markets, its conservative financial policy and very good liquidity. RATINGS RATIONALE Generac's Ba1 CFR reflects its solid brand strength in the North American residential, commercial and industrial standby generator markets. End user demand for home standby generators will remain strong driven by the risk of power outages, low penetration rates of home standby generators and greater dependence on a continuous power supply. The company has low leverage and Moody's expects Generac's debt-to-EBITDA to decrease to 1.7x over the next 12-18 months, driven by higher earnings. Generac has very good liquidity underpinned by Moody's expectations for solid free cash flow and access to its revolving credit facility. However, Generac has very high product concentration in home standby generators and a high reliance on the North American market. Generac is also in the clean energy solar and storage markets, but standby generators will continue to account for most of its revenue. Weakness in the commercial and industrial products class, including industrial and rental generators, will limit its revenue growth over the next 12-18 months amid the weak economic environment. The company also has an all secured capital structure and is likely to be more shareholder friendly as free cash flow remains strong. Moody's expects organic revenue growth of 3.5% per year over the next 12-18 months, underpinned by strong demand for home standby generators in North America. Moody's also expects EBITA margin to improve to 14.5% over the next 12-18 months, driven by revenue growth from higher gross margin home standby generators and strong cost and expense controls. The stable outlook reflects Moody's expectations that Generac will grow revenue and earnings modestly such that debt-to-EBITDA declines to 1.7x over the next 12-18 months. Generac's liquidity will remain very good over the next 12 months as reflected by its SGL-1 speculative grade liquidity rating. Liquidity is supported by Moody's expectations for free cash flow of more than $310 million over the next 12 months. Additional liquidity is provided by a $1.0 billion revolving credit facility expiring in July 2030. Moody's expects the facility to be largely undrawn. Generac has no significant debt maturities over the next 12 months. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if Generac can continue to grow its scale and improve its product diversity. Moody's would also expect a long term commitment by management to conservative financial policies, including steps to maintain stable credit metrics and a capital structure that allows for maximum financial flexibility. The ratings could be downgraded if debt-to-EBITDA is sustained above 3x, EBITA margin deteriorates and is sustained below 10% or there is a material deterioration in liquidity. In addition, the rating could be downgraded with a shift towards more aggressive financial practices, including a change in shareholder friendliness or a large, transformational debt funded acquisition. The principal methodology used in these ratings was Manufacturing published in September 2021. Generac's Ba1 CFR is two notches below the Baa2 scorecard indicated outcome. The difference reflects Moody's views that the fully secured debt capital structure constrains financial flexibility. Generac Power Systems, Inc. (Generac), headquartered in Waukesha, WI, is a leading designer and manufacturer of energy technology solutions including a wide range of power generation equipment, energy storage systems and other power products, including mobile light towers, serving the residential, commercial and industrial markets. Its products are sold globally through independent dealers, distributors, retailers, wholesalers, equipment rental companies, e-commerce partners and in some cases direct to end users. GRAY MEDIA: S&P Rates $700MM Senior Secured First-Lien Notes 'B+' ----------------------------------------------------------------- S&P Global Ratings assigned its 'B+' issue-level rating and '1' recovery rating to Gray Media Inc.'s proposed $700 million senior secured first-lien notes due 2033. The '1' recovery rating indicates our expectation for very high (90%-100%; rounded estimate: 90%) recovery for lenders in the event of a payment default. The company plans to use the proceeds from these proposed notes along with borrowings on its revolving credit facility to repay a portion of its senior secured first-lien term loan D maturing in 2028 (approximately $1,369 million outstanding) and senior secured first-lien term loan F maturing in 2029 ($90 million outstanding). S&P's 'B-' issuer credit rating and stable outlook on Gray are unchanged because the proposed transaction will not affect its net leverage. HELIUS MEDICAL: Registers 240K More Shares Under 2022 Equity Plan ----------------------------------------------------------------- Helius Medical Technologies, Inc. filed a Registration Statement on Form S-8 is with the U.S. Securities and Exchange Commission for the purpose of registering an additional 240,000 shares of Class A common stock, par value $0.001 per share, that may be issued pursuant to Awards (as defined in the 2022 Equity Incentive Plan) under the Helius Medical Technologies, Inc. 2022 Equity Incentive Plan, as amended. Pursuant to General Instruction E to Form S-8, this Registration Statement is being filed for the purpose of increasing the number of securities of the same class as other securities for which Registration Statements of the Company on Form S-8 relating to the 2022 Equity Incentive Plan, respectively, are effective, and the Company's Registration Statements on Form S-8 previously filed with the Securities and Exchange Commission on May 31, 2022 (File No. 333-265324); January 19, 2023 (File No. 333-269305); July 24, 2024 (File No. 333-280978); and March 25, 2025 (File No. 333-286100) registering shares of Common Stock issuable under the 2022 Equity Incentive Plan are incorporated by reference and made part of this Registration Statement, except as amended hereby. The Company may be reached through: Dane C. Andreeff President and Chief Executive Officer Helius Medical Technologies, Inc. 642 Newtown Yardley Road, Suite 100 Newtown, Pennsylvania 18940 Tel: (215) 944-6100 A copy of the SEC Report is available at https://tinyurl.com/y4648d22 About Helius Medical Headquartered in Newtown, Pennsylvania, Helius Medical Technologies, Inc. (www.heliusmedical.com) is a neurotechnology company dedicated to neurological wellness. The Company's mission is to develop, license, or acquire non-implantable technologies aimed at reducing the symptoms of neurological disease or trauma. Its flagship product, the Portable Neuromodulation Stimulator (PoNS), is an innovative, non-implantable medical device consisting of a controller and a mouthpiece that delivers mild electrical stimulation to the surface of the tongue, offering treatment for gait deficits and chronic balance deficits. In its report dated March 25, 2025, the Company's auditor since 2022, Baker Tilly US, LLP, issued a "going concern" qualification, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company has recurring losses from operations and an accumulated deficit, expects to incur losses for the foreseeable future, and requires additional working capital. These factors raise substantial doubt about their ability to continue as a going concern. As of March 31, 2025, Helius Medical Technologies had $3.5 million in total assets, $2.2 million in total liabilities, and total stockholders' equity of $1.3 million. HIGH WIRE: Mast Hill Holds 2.89% Equity Stake as of May 22 ---------------------------------------------------------- Mast Hill Fund, L.P., Mast Hill Management, LLC, Farzan Hassani, and George Murphy, disclosed in a Schedule 13G/A (Amendment No. 1) filed with the U.S. Securities and Exchange Commission that as of May 22, 2025, they beneficially own 66,204 shares of High Wire Networks, Inc.'s common stock (par value $0.00001 per share), representing approximately 2.89% of the 2,290,363 shares outstanding as reported in the Company's Form S-1 filed on May 23, 2025. This reflects a decrease from the original Schedule 13G, which reported the same number of shares (66,204 common shares) but represented approximately 6.59% ownership based on 1,004,605 shares outstanding as of May 13, 2025, according to the Company's prior 10-Q filing. All 66,204 shares are held with shared voting and dispositive power among the Reporting Persons. None of the parties have sole voting or dispositive power over any shares. The Reporting Persons may be reached through: Mast Hill Fund, L.P. Farzan Hassani, Chief Investment Officer 150 Grossman Drive Suite 205 Braintree, MA 02184 Phone: 617-429-2195 A full-text copy of Mast Hill Fund's Original and Amended SEC filing are available at: https://tinyurl.com/3pw4zvks & https://tinyurl.com/bddf9sc8, respectively. About High Wire High Wire Network, Inc., incorporated on Jan. 20, 2017, is a global provider of managed cybersecurity, managed networks, and tech-enabled professional services delivered exclusively through a channel sales model. The Company's Overwatch managed security platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints, and users via multiyear recurring revenue contracts in this fast-growing technology segment. HWN has continuously operated under the High Wire Networks brand for 23 years. Draper, Utah-based Sadler, Gibb & Associates, LLC, the Company's auditor since 2014, issued a "going concern" qualification in its report dated March 31, 2025, attached to the Company's Annual Report on Form 10-K for the year ended December 31, 2024, citing that the Company has incurred losses since inception, has negative cash flows from operations, and has negative working capital, which creates substantial doubt about its ability to continue as a going concern As of Dec. 31, 2024, the Company had $5,786,771 in total assets, $7,635,930 in total liabilities, and a total stockholders' deficit of $1,849,159. HYPERSCALE DATA: Esousa Group, Wachs Cease Ownership as of June 30 ------------------------------------------------------------------ Esousa Group Holdings LLC and Michael Wachs, disclosed in a Schedule 13G/A (Amendment No. 2) filed with the U.S. Securities and Exchange Commission that as of June 30, 2025, they beneficially own 0 shares of Hyperscale Data, Inc.'s Class A Common Stock ($0.001 par value), representing 0% of the class based on the Company's outstanding shares. Esousa Group may be reached through: Michael Wachs, Managing Member 211 East 43rd Street Suite 402 New York, NY 10017 Phone: 646-278-6785 A full-text copy of Esousa Group Holdings LLC's SEC report is available at: https://tinyurl.com/5232dw8h About Hyperscale Data Headquartered in Las Vegas, NV, Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. New York, New York-based Marcum LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated April 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, 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. HYPERSCALE DATA: Issues 1.7M Class A Common Shares via Conversions ------------------------------------------------------------------ Hyperscale Data, Inc. disclosed in a Form 8-K filed with the U.S. Securities and Exchange Commission that between July 2 and July 8, 2025, it issued an aggregate of 1,117,133 shares of Class A Common Stock upon conversion of approximately 1,130.34 shares of Series B Convertible Preferred Stock, and 183 shares of Class A Common Stock upon conversion of an equal number of shares of Class B Common Stock. These shares were issued in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. On July 9, 2025, the Company issued 427,565 shares of Class A Common Stock upon conversion of $440,381 of an outstanding convertible note. The Class A Common Stock were offered and sold in reliance upon an exemption from the registration requirements under Section 3(a)(9) under the Securities Act. As of that date, the Company had 16,689,864 shares of Class A Common Stock outstanding. About Hyperscale Data Headquartered in Las Vegas, NV, Hyperscale Data, Inc., formerly known as Ault Alliance, Inc., is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. New York, New York-based Marcum LLP, the Company's auditor since 2016, issued a "going concern" qualification in its report dated Apr. 15, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, 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. JAMES PENDRY: GLP 2206 to Sell Westport Property on Sept. 3 ----------------------------------------------------------- GLP 2206 LLC ("secured party") will sell certain collateral all the limited liability company interests in Summit Westport LLC held by James M. Pendry ("Debtor") to the highest qualified bidder at a public auction on Sept. 3, 2025, at 3:00 p.m. ET, via Zoom, as well as in person at Golenbock Eiseman Assor Bell & Peskoe LLP, 711 Third Avenue, 17th Floor, New York, New York 10017. Remote log-in credentials will be provided to registered bidders upon request. Secured Party's understanding is that the principal asset of Summit Westport is the parcel of real property located at 233 Hillspoint Road., Westport, Connecticut, on which is partially built single family home. The sale will be conducted by Matthew D. Mannion of Mannion Auctions LLC, at 299 Broadway, Suite 1601, New York, New York 10007. Interested parties who intend to bid on the membership interests must contact the Secured Party's broker, to Greg Corbin at Northgate Real Estate Group, 1633 Broadway, 46th Floor, New York, New York 10019, (212) 419-8101, greg@northgatereg.com, to receive the terms of sale and bidding instructions. JMKA LLC: Court Extends Cash Collateral Access to Aug. 22 --------------------------------------------------------- JMKA, LLC received eighth interim approval from the U.S. Bankruptcy Court for the Northern District of Illinois to use the cash collateral of its secured lenders from July 26 to August 22. The lenders include the U.S. Small Business Administration, BayFirst National Bank, Funding Circle, Transportation Alliance Bank, Ameris Bank, Cashfloit LLC, and Funders App, LLC. These lenders assert security interests in all assets of the Debtor, including cash, bank deposits and accounts receivable, which constitute their cash collateral. The eighth interim order, signed by Judge David Cleary, authorized the use of cash collateral to pay the expenses set forth in the Debtor's budget, with a 5% variance allowed. The Debtor was ordered to provide the secured lenders with protection in the form of replacement liens on its assets to the same extent and with the same priority and validity as their pre-bankruptcy liens. In addition, the Debtor was ordered to pay $439 to SBA, $1,000 to BayFirst, $500 to Funding Circle, $500 to Transportation Alliance Bank, $800 to Ameris Bank, $3,000 to Cashfloit, and $2,000 to Funders App. The next hearing is set for August 20. About JMKA LLC JMKA, LLC is a boutique childcare center in downtown Elmhurst, Ill. It operates as Elmhurst Premier Childcare. JMKA filed Chapter 11 petition (Bankr. N.D. Ill. Case No. 25-00036) on January 3, 2025, with up to $50,000 in assets and up to $10 million in liabilities. Judge David D. Cleary oversees the case. Ben L. Schneider, Esq., at The Law Offices of Schneider & Stone is the Debtor's bankruptcy counsel. Ameris Bank, as secured lender, is represented by: Jillian S. Cole, Esq. Taft Stettinius & Hollister, LLP 111 E. Wacker Drive, Suite 2600 Chicago, IL 60601 (312) 836-4019 jcole@taftlaw.com Cashfloit LLC, as secured lender, is represented by: Fred S. Kantrow, Esq. The Kantrow Law Group, PLLC 732 Smithtown Bypass, Suite 101 Smithtown, NY 11787 (516)703-3672 fkantrow@thekantrowlawgroup.com JOSEPH MOUNTAIN: Voluntary Chapter 11 Case Summary -------------------------------------------------- Debtor: Joseph Mountain View Midstar, LLC Shops at Ardmore Mountain View Mall 729 Grapevine Highway #227 Hurst TX 76054 Business Description: Joseph Mountain View Midstar, LLC is a real estate company that leases nonresidential properties, including land and other commercial parcels not classified under traditional building categories. The Company operates in Hurst, Texas, and is associated with the Mountain View Mall and Shops at Ardmore. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court Northern District of Texas Case No.: 25-42648 Debtor's Counsel: Joseph Acosta, Esq. CONDON TOBIN 8080 Park Lane Suite 700 Dallas TX 75231 Tel: 214-763-3440 E-mail: jacosta@condontobin.com Estimated Assets: $10 million to $50 million Estimated Liabilities: $10 million to $50 million The petition was signed by Danny Hooper as president. The Debtor did not submit the required list of its 20 largest unsecured creditors when filing the petition. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OPWSXUQ/Joseph_Mountain_View_Midstar_LLC__txnbke-25-42648__0001.0.pdf?mcid=tGE4TAMA LAKE CLINCH: Fails to Win Court OK to Use NHS' Cash Collateral -------------------------------------------------------------- The U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division, granted a motion by Norman Harris Services, Inc., prohibiting Lake Clinch Resort, LLC from using its cash collateral. Norman Harris Services filed its motion on July 1 in which it expressed concern over the Debtor's use of its cash collateral without its consent or court authorization. The lender argued that its interest is not adequately protected, citing the Debtor's failure to make any payments, generate cash and provide appraisals or a business plan to demonstrate viability. Norman Harris Services initially loaned the Debtor $580,000 in March 2023, secured by real and personal property, including manufactured homes and rental income from a property in Frostproof, Florida. The loan was later amended in March 2024 to $850,000, with updated loan documents. The lender holds perfected liens on the Debtor's real estate, personal property, and all rental income. About Lake Clinch Resort Lake Clinch Resort, LLC is a single asset real estate company operating in Frostproof, Fla. Lake Clinch Resort filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-00268) on January 16, 2025, listing between $1 million and $10 million in assets and up to $50,000 in liabilities. Judge Grace E. Robson handles the case. The Debtor is represented by Haynes Edward Brinson, Esq., at Brinson and Brinson. Norman Harris Services, Inc., as lender, is represented by: Patti W. Halloran, Esq. Gibbons Neuman 3321 Henderson Boulevard Tampa, FL 33609 Telephone: (813) 877-9222 Facsimile: (813) 877-9290 phalloran@gibblaw.com LASERSHIP INC: Credit Suisse Marks $1.6MM Loan at 50% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,166,000 loan extended to LaserShip, Inc. to market at $579,632 or 50% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at a rate of 10% per annum. The loan matures August 10, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About LaserShip, Inc LaserShip is a regional last-mile delivery company that services the Eastern and Midwest United States. Founded in 1986, LaserShip is based in Vienna, Virginia, and has sorting centers in New Jersey, Ohio, North Carolina, and Florida. LASERSHIP INC: Credit Suisse Marks $384,000 Loan at 80% Off ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $384,000 loan extended to LaserShip, Inc. to market at $77,463 or 20% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at a rate of 6% per annum. The loan matures August 10, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About LaserShip, Inc LaserShip is a regional last-mile delivery company that services the Eastern and Midwest United States. Founded in 1986, LaserShip is based in Vienna, Virginia, and has sorting centers in New Jersey, Ohio, North Carolina, and Florida. LASERSHIP INC: Credit Suisse Marks $477,000 Loan at 48% Off ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $477,000 loan extended to LaserShip, Inc. to market at $248,830 or 52% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to LaserShip, Inc. The loan accrues interest at a rate of 7.2% per annum. The loan matures January 2, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About LaserShip, Inc LaserShip is a regional last-mile delivery company that services the Eastern and Midwest United States. Founded in 1986, LaserShip is based in Vienna, Virginia, and has sorting centers in New Jersey, Ohio, North Carolina, and Florida. MARVEL LIGHTING: Gets Final OK to Use Cash Collateral ----------------------------------------------------- Marvel Lighting, LLC received final approval from the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division, to use cash collateral, retroactive to the petition date. The final order authorized the Debtor's use of cash collateral from June 10 to August 17 as per the terms of its budget. The Debtor's cash collateral includes cash, receivables and inventory. The Debtor believes the U.S. Small Business Administration and the Indiana Department of Revenue may hold liens on the cash collateral, with SBA likely holding the first-priority lien. As protection, both secured creditors will be granted replacement liens on the cash collateral and on any property acquired by the Debtor after the petition date, with the same priority and extent as their pre-bankruptcy liens. In case of any decrease in the value of their interests in the cash collateral, the secured creditors will receive a claim under Section 507(b) of the Bankruptcy Code, subject to a carveout for the Debtor's professional. The final order is binding on the Debtor, the bankruptcy estate, secured creditors, and their successors even in a conversion to Chapter 7 or dismissal of the Debtor's Chapter 11 case. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/RD1Va from PacerMonitor.com. About Marvel Lighting LLC Marvel Lighting LLC is a lighting designer and distributor based in Carmel, Indiana,. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Case No. 25-03349-JJG-11) on June 10, 2025. In the petition signed by John Ansted, principal, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Judge Jeffrey J. Graham oversees the case. The Debtor is represented by: John Joseph Allman Hester Baker Krebs LLC Tel: 317-833-3030 Email: jallman@hbkfirm.com MEDASSETS SOFTWARE: Credit Suisse Marks $631,000 Loan at 15% Off ---------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $631,000 loan extended to MedAssets Software Intermediate Holdings, Inc. to market at $538,914 or 85% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to MedAssets Software Intermediate Holdings, Inc. The loan accrues interest at a rate of 11.4% per annum. The loan matures December 15, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About MedAssets Software Intermediate Holdings, Inc. Headquartered in Alpharetta, Ga., MedAssets Software Intermediate Holdings, Inc. (dba nThrive) provides healthcare revenue cycle management software-as-a-service (SaaS) solutions, including patient access, charge integrity, claims management, contract management, analytics and education. MEDLINE BORROWER: S&P Rates Senior Secured Term Loan 'BB-' ---------------------------------------------------------- S&P Global Ratings assigned its 'BB-' issue-level rating and '3' recovery rating to Northfield, Ill.-based medical products distributor Medline Borrower L.P.'s repriced term loan due 2028 and its extended term loan due 2030. The '3' recovery rating indicates its expectation for meaningful (50%-70%; rounded estimate: 55%) recovery in the event of a payment default. All of the company's ratings remain on CreditWatch with positive implications due to the company's plans to pursue an initial public offering (IPO). The company intends to use the proceeds from this issuance to refinance and reprice its existing dollar-denominated term loans. S&P's 'BB-' issuer credit rating on Medline continues to reflect its expectation that the company's registration for a potential IPO indicates a commitment toward a more conservative financial policy that would be more consistent with a publicly traded company. S&P said, "Given our expectations that Medline's strong operating performance will continue, we forecast leverage will decline below 5x in 2025. Depending on the timing of the IPO and how much of the proceeds Medline uses to repay debt, leverage could decline further. Also, we do not view a re-leveraging event--which we typically associate with financial-sponsor ownership--as likely in the near term as long as the company continues to pursue an IPO." MEYER BURGER: To Sell Residential Panels to BayWa for $1.3MM ------------------------------------------------------------ Meyer Burger (Holding) Corp. and its debtor affiliates seek approval from the U.S. Bankruptcy Court for the District of Delaware, to sell Property, free and clear of liens, claims, and encumbrances. The Meyer Burger brand has been at the forefront of solar technology for more than twenty-five years. Although the Meyer Burger brand has long been a household name for excellence in the solar industry, in the past few years, non-Debtor, Meyer Burger Technology AG, has faced a confluence of financial and operational setbacks due to, among other things, the inundation of the global market with low-priced Chinese products and debilitating trade restrictions. This product oversupply paired with trade restrictions led to market distortion within the global solar industry, and these pains were especially felt by Meyer Burger in Europe. In light of these macro-economic headwinds, MBT AG decided to expand the business outside of Europe and enter into the solar market in the U.S. As part of their prepetition residential solar business, the Debtors sold residential photovoltaic solar panel modules (Residential Panels) supported by post-sale warranties. The Debtors have in storage approximately 41 MW of Residential Panels in a warehousing and distribution center located in Gouldsboro, Pennsylvania (Gouldsboro Warehouse). In connection with the prepetition wind down of their business, the Debtors have been actively seeking a purchaser for the Residential Panels. As a result of these marketing efforts, BayWa r.e. Solar Systems LLC (Purchaser) submitted an offer to purchase approximately 9 MW of the Residential Panels currently stored at the Gouldsboro Warehouse on an "as is, where is" basis without any post-sale warranty or other post-sale contingency. The Purchaser agreed to purchase the Purchased Assets for $1,303,596 and pay certain Warehouse Obligations as set forth in a bill of sale. The Debtors submit that adequate business justification exists for the Proposed Transaction pursuant to the terms of the Bill of Sale. The Debtors have no ongoing business use for the Residential Panels in light of the winddown of their business and cessation of operations prior to the Petition Date. The Debtors believe that pursuing the Proposed Transaction with the Purchaser for the Purchased Assets is in the best interests of their estates. About Meyer Burger (Holding) Corp. Meyer Burger (Holding) Corp. sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 25-11217) on June 25, 2025. At the time of the filing, Debtor had estimated assets of between $100 million to $500 million and liabilities of between $500 million to $1 billion. Judge Craig T. Goldblatt oversees the case. Richards, Layton & Finger, P.A. is Debtor's legal counsel. MODIVCARE INC: Regains Nasdaq Listing Compliance on MVPHS Rule -------------------------------------------------------------- ModivCare Inc. disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Company received written notice from the Listing Qualifications Department of Nasdaq informing the Company that it regained compliance with the minimum $15,000,000 MVPHS required for continued listing on The Nasdaq Global Select Market under Nasdaq Listing Rule 5450(b)(3)(C), having confirmed that the Company's MVPHS had been above $15,000,000 for at least 20 consecutive business days prior to July 7, 2025. Accordingly, the Company again satisfies all NASDAQ listing requirements for continued listing on the Nasdaq Global Select Market and this matter has been closed. L. Heath Sampson, President and CEO, stated in a July 10, 2025 press release: "We are pleased to regain full compliance with Nasdaq listing standards, and to have achieved this by means of stock performance and appreciation. "We are continuing our efforts to enhance enterprise value and build a stronger, more connected Modivcare." ModivCare will continue to be traded on The Nasdaq Global Select Market, subject to its continued compliance with all applicable listing requirements. About ModivCare ModivCare Inc. is a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions for public and private payors and their members. At December 31, 2024, ModivCare had 1,654,332,000 in total assets, 1,692,806,000 in total liabilities, and 38,474,000 in total stockholders' deficit. * * * As reported by the Troubled Company Reporter in March 2025, S&P Global Ratings lowered its Company credit rating on ModivCare Inc. to 'CCC+' from 'B'. The outlook is negative. MOM CA: Court Extends Cash Collateral Access to July 30 ------------------------------------------------------- MOM CA Investco, LLC and affiliates received another extension from the U.S. Bankruptcy Court for the District of Delaware to use cash collateral. The ninth interim order signed by Judge Brendan Linehan Shannon authorized the Debtors to use cash collateral from July 18 to 30 to pay the expenses set forth in the budget, with a 25% variance limit per week. Enterprise Bank & Trust, PMF CA REIT, LLC, Lone Oak Fund, LLC, Wilshire Quinn Income Fund, LLC, Preferred Bank, and Banc of California are the lenders with interests in the cash collateral. As protection for any diminution in value of their pre-bankruptcy collateral, the lenders were granted replacement liens on, and security interests in, all assets of the Debtors, with the same validity, priority and extent as their pre-bankruptcy liens. The liens and security interests granted under the ninth interim order will not not effect any cross-collateralization in favor of any lenders unless and only to the extent that such lenders held a loan that was cross-collateralized as of the petition date. These liens and security interests are subject and subordinate to a carveout for certain fees and expenses. The final hearing is scheduled for July 30. About MOM CA Investco LLC MOM CA Investco LLC and affiliates constitute a real estate joint venture comprised of a portfolio of commercial properties owned by the Debtors. The properties that make up the portfolio include hotels, an apartment complex, office buildings, other commercial real estate, and individual homes used as luxury vacation rentals. The Debtors have requested joint administration of their Chapter 11 cases under lead Case No. 25-10321 (Bankr. D. Del. in MOM CA Investco LLC). In the petition signed by Mark Shinderman, chief restructuring officer, the Debor disclosed up to $500 million in both assets and liabilities. Judge Brendan Linehan Shannon oversees the case. The Debtors tapped Buchalter, A Professional Corporation as lead bankruptcy counsel; Potter Anderson & Corroon, LLP as bankruptcy co-counsel; and FTI Consulting, Inc. as restructuring advisor. Banc of California, as lender, is represented by: Richard M. Pachulski, Esq. Ira D. Kharasch, Esq. James E. O'Neill, Esq. Edward A. Corma, Esq. Pachulski Stang Ziehl & Jones, LLP 919 North Market Street, 17th Floor Wilmington, Delaware 19801 Telephone: (302) 652-4100 Facsimile: (302) 652-4400 joneill@pszjlaw.com ecorma@pszjlaw.com Enterprise Bank & Trust, as lender, is represented by: Eric M. Sutty, Esq. Armstrong Teasdale LLP 1007 North Market Street, Third Floor Wilmington, DE 19801 Telephone: (302) 416.9670 Facsimile: (302) 397.2527 esutty@atllp.com -- and -- David L. Going, Esq. Armstrong Teasdale LLP 7700 Forsyth Blvd., Suite 1800 St. Louis, MO 63105 Telephone: (314) 621.5070 Facsimile: (314) 621.2250 dgoing@atllp.com PMF CA REIT, LLC, as lender, is represented by: Ann M. Kashishian (No. 5622) Lewis Brisbois Bisgaard & Smith, LLP 500 Delaware Ave., Suite 700 Wilmington, DE 19801 Telephone: (302) 985-6000 Facsimile: ann.kashishian@lewisbrisbois.com -- and -- Jennifer R. Tullius, Esq. Tullius Law Group 515 S. Flower Street, 18th Floor Los Angeles, CA 90071 Phone: 213-291-9481 jtullius@tulliuslaw.com Preferred Bank, as lender, is represented by: Michael Busenkell, Esq. Ronald S. Gellert, Esq. Gellert Seitz Busenkell & Brown LLC 1201 N. Orange Street, Suite 300 Wilmington, DE 19801 Telephone: (302) 425- 5800 Facsimile: (302) 425-5814 mbusenkell@gsbblaw.com rgellert@gsbblaw.com Wilshire Quinn Income Fund, as lender, is represented by: Catherine Di Lorenzo, Esq. Daire Pyle, Esq. Stern & Eisenberg, PC 200 Biddle Avenue, Suite 107 Newark, DE 19702 Telephone: (302) 731-7200 DE_Foreclosure@sterneisenberg.com MOWBRAY WATERMAN: Court OKs Deal to Use Cash Collateral ------------------------------------------------------- The U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, approved a stipulation between Mowbray Waterman Property, LLC and Bank of the Sierra, a California corporation, on the continued use of cash collateral. The stipulation authorizes the Debtor to use cash collateral through and including the end of the period covered by its 13-week revised budget. The terms and conditions set forth in the initial stipulation executed by the parties on March 18 remain in effect. Bank of the Sierra made a loan to the Debtor in 2020, secured by a first-priority lien on real property located in San Bernardino, Calif. As of the petition date, the Debtor owed the bank approximately $2.6 million. A copy of the stipulation and the Debtor's budget is available at https://shorturl.at/fUb7I from PacerMonitor.com. About Mowbray Waterman Property Mowbray Waterman Property, LLC is a real estate company based in San Bernardino, Calif., specializing leasing of commercial and residential properties. Mowbray Waterman Property sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-10930) on February 19, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Mark D. Houle handles the case. The Debtor is represented by: Lauren N Gans Elkins Kalt Weintraub Reuben Gartside LLP Tel: 310-746-4400 Email: lgans@elkinskalt.com MUNAWAR LAW: Seeks $5,000 DIP Loan ---------------------------------- Munawar Law Group, PLLC asked the U.S. Bankruptcy Court for the Southern District of New York for authority to obtain post-petition financing. Formed in 2022 by attorney Adnan Munawar, the Debtor inherited employees, liabilities, and cases from its predecessor firm, Munawar & Hashmat LLP. The firm currently manages over 250 personal injury cases and employs nine staff across two New York offices. The bankruptcy was precipitated by financial struggles linked to the COVID-19 pandemic, during which the Debtor took out two large secured loans from the U.S. Small Business Administration and Equal Access Justice Fund LP. These loans, collateralized by nearly all of the Debtor's personal property, became difficult to service due to court delays and slowed revenue. The Debtor had operated with a line of credit (M&T Bank credit card), which was inadvertently left off the bankruptcy schedules and continued to be used post-petition, accumulating a small post-petition balance. Recognizing the issue, the Debtor now seeks approval for a new DIP financing arrangement using a $5,000-limit American Express card held personally by Mr. Munawar. The card would be used exclusively for business expenses during periods of revenue irregularity and reported in the Debtor's operating reports. The financing terms include no liens or superpriority claims -- only administrative expense status under 11 U.S.C section 503. The Debtor commits to repaying the Amex card in full monthly or, if unable, with accrued interest the following month. The Debtor argued that this arrangement reflects sound business judgment, avoids burdensome third-party financing, and is necessary to maintain operations and preserve value for the estate. The motion requested court approval of the financing and related relief to enable the Debtor's continued function and reorganization efforts. A copy of the motion is available at https://urlcurt.com/u?l=1Zu3AU from PacerMonitor.com. About Munawar Law Group Munawar Law Group PLLC is operating as a legal services firm with offices in New York City and Jericho, New York. Munawar Law Group PLLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-10020) on January 7, 2025. In its petition, the Debtor reports estimated assets between $100,000 and $500,000 and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge David S. Jones handles the case. The Debtor tapped Ronald D. Weiss, Esq., as counsel and MI Tax LLC as accountants. NEW FORTRESS: Creditors Hire Evercore for Debt Advice ----------------------------------------------------- Reshmi Basu and Ruth Liao of Bloomberg News report that a group of New Fortress Energy creditors has hired Evercore Inc. for advisory services as the company's debt trades at deeply distressed levels, according to sources familiar with the matter. The move follows the group's earlier engagement of law firm Akin Gump Strauss Hauer & Feld, the sources said, requesting anonymity due to the confidential nature of the discussions. According to Bloomberg Law, New Fortress Energy, the liquefied natural gas company founded by billionaire Wes Edens, has been facing cash flow challenges tied to project delays. Representatives for both the company and Evercore declined to comment. About New Fortress Energy Inc. New Fortress Energy Inc. is a US listed energy infrastructure company operating natural gas liquefaction, re-gasification and distribution assets in Puerto Rico, Mexico, Jamaica, Nicaragua and Brazil. The company operates one floating LNG production facility (FLNG) and is constructing the second onshore facility in Mexico, expected to come to production in 2026. NORTHERN DYNASTY: Seeks Court Schedule on Biden Veto Challenge -------------------------------------------------------------- Northern Dynasty Minerals Ltd. and its U.S. unit, Pebble Partnership, filed a motion in Alaska federal court requesting a summary judgment briefing schedule in their ongoing litigation. The Company aims to expedite a court ruling on the legality of the Biden administration's veto related to the Pebble Project. "While discussions with the EPA have taken place, we have not reached a settlement. As such, today we asked the court to set a briefing schedule for summary judgment motions, as we now believe that will be the quickest, most direct avenue to get the veto removed," said Ron Thiessen, Northern Dynasty president and CEO. "We will continue to work with the relevant government agencies to resolve this issue. Meanwhile we are confident that the court will agree with our assessment that the issuance of the veto by the Biden administration was unlawful." Mr. Thiessen continued, "This administration has been emphatic about its desire for the U.S. to be self-sufficient in critical metals like copper and to be the global AI capital. For this to happen, the U.S. must develop secure domestic supplies of important metals such as copper and the withdrawal of this egregious and unsubstantiated veto of the largest undeveloped copper project in the world would go a long way towards achieving this goal." About Northern Dynasty Minerals Ltd. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project. In an audit report dated March 27, 2025, Deloitte LLP issued a "going concern" qualification citing that the Company incurred a consolidated net loss of $33 million during the year ended December 31, 2024, and, as of that date, the Company's consolidated deficit was $729 million. These conditions, along with other matters, raise substantial doubt about its ability to continue as a going concern. Northern Dynasty reported a net loss of C$36.15 million for the year ended Dec. 31, 2024, compared to a net loss of $21 million for the year ended Dec. 31, 2023. As of Dec. 31, 2024, the Company reported total assets of C$137.16 million, total liabilities of C$39.96 million, and total equity of C$97.20 million. NORTHVOLT AB: Trustee Mikael Kubu Reviews Binding Offers -------------------------------------------------------- Christopher Jungstedt of Bloomberg Law reports that Northvolt's trustee, Mikael Kubu, is reviewing binding offers submitted for the bankrupt EV battery maker, Swedish Radio reported late Monday, July 21, 2025. Kubu said the purchase price and the bidder's ability to finalize the transaction will be decisive factors, according to the report. He hopes to complete a deal within weeks, Bloomberg related. About Northvolt AB Northvolt AB was established in 2016 in Stockholm, Sweden. Pioneering a sustainable model for battery manufacturing, the company has received orders from several leading automotive companies. The company is currently delivering batteries from its first gigafactory, Northvolt Ett, in Skelleftea, Sweden and from its R&D and industrialization campus, Northvolt Labs, in Vasteras, Sweden. On Nov. 21, 2024, Northvolt AB and eight affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex. Case No. 24-90577). The cases are before the Honorable Alfredo R. Perez. Northvolt is being advised by Teneo as its restructuring and communications advisor. Kirkland & Ellis LLP, A&O Shearman and Mannheimer Swartling Advokatbyra AB are serving as legal counsel. The company has also engaged Rothschild & Co to run its marketing process. Stretto is the claims agent. OFFICE PROPERTIES: Suspends Quarterly Dividend to Preserve Cash --------------------------------------------------------------- Office Properties Income Trust disclosed in a Form 8-K Report filed with the U.S. Securities and Exchange Commission that the Board of Trustees suspended the Company's quarterly cash distribution on its common shares of beneficial interest of $0.01 per share, or $0.04 per share per year, in order to preserve the Company's cash. About Office Properties Office Properties Income Trust is a REIT organized under Maryland law. As of Dec. 31, 2023, its wholly owned properties were comprised of 152 properties, and it had noncontrolling ownership interests of 51% and 50% in two unconsolidated joint ventures that owned three properties containing approximately 468,000 rentable square feet. As of Dec. 31, 2023, the Company's properties are in 30 states and the District of Columbia and contain approximately 20,541,000 rentable square feet. As of Dec. 31, 2023, its properties were leased to 258 different tenants, with a weighted average remaining lease term (based on annualized rental income) of approximately 6.4 years. The U.S. government is its largest tenant, representing approximately 19.5% of its annualized rental income as of Dec. 31, 2023. * * * In May 2025, S&P Global Ratings raised its issuer credit rating on Office Properties Income Trust (OPI) to 'CCC-' from 'SD' (selective default) and its issue-level ratings on the senior unsecured notes that were part of the exchange to 'CC' from 'D'. S&P lowered its issue-level rating on the company's 2050 senior unsecured notes, which were not part of the debt exchange, to 'CC' from 'CCC-'. The recovery rating on all the unsecured notes without guarantees remains '5'. S&P said, "We also lowered our issue-level rating on the company's March 2027 and March 2029 senior secured notes to 'CCC+' from 'B-', with the recovery rating remaining '1'. We also lowered our issue-level rating on the company's September 2029 senior secured notes to 'CCC-' from 'CCC', with the recovery rating remaining '3'. "We also assigned our 'CCC+' and '1' recovery rating to the company's new senior priority guaranteed unsecured notes due 2030. The negative outlook on OPI reflects our view that an event of default (perhaps via another distressed debt exchange or a debt restructuring) is likely over the near term." S&P Global Ratings completed its review of OPI following its debt exchange. Significant near-term debt commitments remain and the company's liquidity is constrained. As such, specific events of default are envisioned, including another debt exchange, over the next six months. OLYMPUS WATER: Moody's Affirms B3 CFR, Outlook Stable ----------------------------------------------------- Moody's Ratings affirmed Olympus Water US Holding Corporation's (dba Solenis) B3 Corporate Family Rating and B3-PD Probability of Default Rating, the B3 ratings on the company's backed senior secured bank credit facilities and backed senior secured notes, as well as the Caa2 rating on the company's backed senior unsecured notes. At the same time, Moody's assigned a B3 rating to the proposed $800 million backed senior secured term loan due 2032. Moody's also assigned a B3 rating to the proposed $1.1 billion senior secured notes due in 2032. The proceeds of the new debt issuance along with a new equity contribution and roll-over equity from the current owners, the Levy family, will be used to pay for the acquisition of NCH by Solenis, including related fees and expenses. The ratings outlook is stable. On June 19, Solenis announced it has entered into a definitive agreement to acquire the NCH business for $2.5 billion. The Levy family, owners of NCH since its founding in 1919, will become the largest minority shareholder in Solenis, but will only have a board observer right. The transaction is expected to close by the end of 2025 following the receipt of regulatory approvals and customary closing conditions. RATINGS RATIONALE The affirmation of the B3 corporate family rating reflects the increased scale pro forma for the acquisition along with expanded footprint and more customer service capabilities, while equity contribution from the sponsor and the current owners of NCH prevents further deterioration of the credit metrics. The combined company will have pro forma sales of over $8.3 billion and 94 facilities up and will add over 6,000 employees, primarily the salesforce and technicians that provide services to smaller industrial customers. The corporate family rating reflects weak credit metrics, high absolute debt level and acquisition-driven growth strategy which results in negative free cash flow due to heavy costs to integrate acquisitions and achieve synergies given a track record or large acquistions almost on an annual basis. Acquisition-driven growth results in a large gap between reported and adjusted EBITDA and the pace of acquisitions obscures the underlying earnings trend and cash flows. Moody's adjusted debt/EBITDA stood at 7.8x in the twelve months ended March 31, 2025, excluding roughly $200 million of transaction and integration costs related to the previous Diversey acquisition. Pro forma for the NCH acquisition, Moody's adjusted leverage is approximately 7.6x and 7.2x if $75 million of projected synergies are included. Moody's anticipates modest revenue growth in 2025 in the legacy Solenis business as the company pushes for price increases to cover higher raw material costs and offset the small impact of tariffs on its global operations. NCH demonstrated revenue and EBITDA growth over the last three years as the company took market share in its key segment Chem Aqua, a water treatment business that is complementary to Solenis' business. Moody's expects Solenis earnings to improve in the second half of the year on higher prices and realization of synergies from the completed acquisitions, however, the company still reports high cash costs to realize these synergies. With another large acquisition, Moody's expects transaction and integration costs to continue to weigh on free cash flow generation. Combined with elevated capex for capacity expansions, Moody's expects free cash flow to remain negative, but leverage to decline to 6.0x in 2026 after the transaction is executed. The credit profile continues to remain constrained by acquisition-driven growth strategy, which carries financial, integration and execution risks. The rating is supported by the company's market leaderships in water treatment chemicals and services for pulp and paper manufacturers, industrial customers, municipalities, residential and commercial pools, as well as disinfection service for food and beverage, commercial and manufacturing facilities. Pro forma for the transaction, the industrial segment will increase to 27% from 16%, while institutional segment (mainly legacy Diversey business) will decline to 26% from 29%. The acquired company is more heavily weighted toward North America, which will become the largest geographic segment with 41% of pro forma sales. The critical nature of water treatment and the company's well established customer relations contribute to good business visibility and recurring revenues. NCH generates roughly 30% of its revenue from the sales of various industrial lubricants, which is a more volatile business and does not directly fit Solenis' existing business, however, this business will represent only approximately 4% of the pro forma revenues. The credit profile benefits from the company's large scale, diverse customer base in many industries and globally diversified business operations. The company's business scale and diversification are better than most of the single-B rated chemical companies and can support a higher rating should it improve its credit metrics. RATING OUTLOOK The stable outlook reflects expectations that the company will continue to deliver its synergies while also improving earnings in the underlying businesses through pricing actions and higher volume. The stable rating also reflects expectations that leverage will continue to improve in line with the assigned rating. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS Moody's could upgrade the rating with expectations for the company to improve profitability, reduce adjusted leverage to below 5.5 times on a sustained basis, and generate strong free cash flows. The upgrade will also be contingent on the reduction of the balance sheet debt amount. Moody's could downgrade the rating with expectations for declining volumes, declining profitability, adjusted financial leverage above 7.5 times on a constistent basis, EBITDA to interest coverage below 1.5x, negative free cash flow or diminishing liquidity. LIQUIDITY Solenis' adequate liquidity is supported by its cash on hand and revolver availability, while the company continues to generate negative free cash flow due to integration costs. The company had $427 million of cash on hand as of March 31, 2025. Pro forma for the transaction, cash balance will increase by $65 million. The company also plans to repay $395 million of borrowings under its ABL facility due in November 2026. At the same time, it plans to increase the ABL facility size by $100 to $800 million. In addition, the company plans to increase its cash flow revolver by $100 million to $300 million. These actions will improve external liquidity. The cash flow revolver will be undrawn and is due in November 2029. The company utilizes asset receivables financing, of which $90 million was outstanding as of March 31, 2025. The ABL contains a springing consolidated fixed charge coverage covenant set at 1.00x. The covenant springs into effect if the ABL facility's availability is less than the greater of 10% of the line cap or $25 million. Term loans have no covenants and annual amortization accounts for 1% or about $25 million. With this transaction, the company will refinance $325 million notes due in September 2027. The next maturity wall is in 2028 when over $3.8 billion of secured debt is due. All assets are largely encumbered by the secured credit facilities. Olympus Water US Holding Corporation produces chemicals used in the manufacturing process for pulp and paper products, industrial and municipal water treatment, pool and spa markets, as well as provides hygiene, disinfection and cleaning service. Its products and service help customers improve operational efficiency, enhance product quality and reduce environmental impact. In November 2021, Platinum Equity Advisors, LLC acquired Solenis from Clayton, Dublier, and Rice and BASF. Platinum combined Solenis with its existing portfolio company Sigura to form Olympus Water. Olympus Water acquired Diamond (BC) B.V. (dba Diversey) for an enterprise value of $4.6 billion in July 2023. The company generated sales of $7.3 billion in the twelve months ended March 2025. NCH had sales of over $1 billion in the same period. The principal methodology used in these ratings was Chemicals published in October 2023. The assigned corporate family rating is two notches below the scorecard indicated rating as of the twelve months ended March 31, 2025. The assigned rating reflects a debt-funded acquisition strategy that results in weak credit metrics and negative free cash flow, which outweighs the company's large scale and strong business profile. PATAGONIA HOLDCO: Credit Suisse Marks $1.4MM Loan at 15% Off ------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $1,432,000 loan extended to Patagonia Holdco LLC to market at $1,223,235 or 85% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Patagonia Holdco LLC. The loan accrues interest at a rate of 10% per annum. The loan matures August 1, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Patagonia Holdco LLC Patagonia Holdco LLC is a holding company fully owned and established by StonePeak Partners LP, a private equity firm specializing in infrastructure and real estate investments, to hold the Latin American assets acquired from Lumen Technologies, Inc. PEPPER PALACE: Saratoga Investment Marks $1MM Loan at 45% Off ------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,000,000 loan extended to Pepper Palace, Inc. to market at $547,400 or 55% of the outstanding amount, according to Saratoga's Form 10-Q for the fiscal year ended May 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a Revolving Credit Facility Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace, Inc. is a specialty food retailer. PEPPER PALACE: Saratoga Marks $2.4MM 1L Loan at 45% Off ------------------------------------------------------- Saratoga Investment Corp. has marked its $2,400,000 loan extended to Pepper Palace, Inc. to market at $1,313,760 or 55% of the outstanding amount, according to Saratoga's Form 10-Q for the fiscal year ended May 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Pepper Palace, Inc. The loan accrues interest at a rate of 4.42% PIK payment in kind per annum. The loan matures on December 31, 2028. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 535 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Pepper Palace, Inc. Pepper Palace, Inc. is a specialty food retailer. PERATON CORP: Credit Suisse Marks $799,000 Loan at 24% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $799,000 loan extended to Peraton Corp. to market at $608,938 or 76% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Peraton Corp. The loan accrues interest at a rate of 12.1% per annum. The loan matures on February 1, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Peraton Corp. Peraton Corp., headquartered in Reston, Virginia, is a provider of communications networks and systems, enterprise IT and mission support for federal agencies. The company is owned by Veritas Capital. PES HOLDINGS: Credit Suisse Virtually Writes Off $1-Mil. Loan ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,085,000 loan extended to PES Holdings LLC to market at $24,866 or 1% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to PES Holdings LLC. The loan accrues interest at a rate of 3.000% PIK per annum. The loan matures December 31, 2025. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About PES Holdings LLC Headquartered in Philadelphia, Pennsylvania, PES Holdings, LLC -- http://pes-companies.com/-- owns an oil refining complex. The Philadelphia Energy Solutions Refining Complex operates two domestic refineries -- Girard Point and Point Breeze -- in South Philadelphia. PHYSICAL INVESTMENTS: Section 341(a) Meeting of Creditors on Aug.18 ------------------------------------------------------------------- On July 18, 2025, Physical Investments Inc. filed Chapter 11 protection in the U.S. Bankruptcy Court for the Western District of Virginia. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. A meeting of creditors under Section 341(a) to be held on August 18, 2025 at 04:00 PM via crmtg Ch 11: By telephone. Dial 1-888-330-1716, Passcode 7310927. About Physical Investments Inc. Physical Investments Inc. operates as a real estate lessor. Physical Investments Inc.sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 25-70650) on July 18, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Paul M. Black handles the case. The Debtor is represented by Andrew S. Goldstein, Esq. at MAGEE GOLDSTEIN LASKY & SAYERS, P.C. POLAR US: Credit Suisse Marks $1.7MM Loan at 51% Off ---------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,763,000 loan extended to Polar U.S. Borrower LLC to market at $866,413 or 49% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Polar U.S. Borrower LLC. The loan accrues interest at a rate of 9.8% per annum. The loan matures on October 16, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Polar U.S. Borrower LLC Polar US Borrower, LLC manufactures chemical products. POLAR US: Credit Suisse Marks $1MM Loan at 51% Off -------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,010,000 loan extended to Polar U.S. Borrower LLC to market at $496,353 or 49% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Polar U.S. Borrower LLC. The loan accrues interest at a rate of 9.8% per annum. The loan matures on October 16, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Polar U.S. Borrower LLC Polar US Borrower, LLC manufactures chemical products. PREMIER SURGICAL: Voluntary Chapter 11 Case Summary --------------------------------------------------- Debtor: Premier Surgical Pavilion of Oxon Hill LLC 6178 Oxon Hill Rd Oxon Hill MD 20745 Business Description: Premier Surgical Pavilion of Oxon Hill LLC provides outpatient surgical services through an ambulatory surgery center in Oxon Hill, Maryland. The facility offers flexible scheduling, including evening and weekend appointments, and operates under accreditation from the Accreditation Association for Ambulatory Health Care and certification from the Centers for Medicare & Medicaid Services. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court Southern District of New York Case No.: 25-11607 Judge: Hon. Michael E. Wiles Debtor's Counsel: Anthony Vassallo, Esq. LAW OFFICE OF ANTHONY M. VASSALLO 276 Fifth Avenue Suite 704 New York NY 10001 Tel: 917-862-1936 Email: tony@amvasslaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Michael E. Jones 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/KCXT6JA/Premier_Surgical_Pavilion_of_Oxon__nysbke-25-11607__0001.0.pdf?mcid=tGE4TAMA PREST PROPERTIES: To Sell Union Gap Property to Serenity Estates ---------------------------------------------------------------- Prest Properties LLC seeks permission from the U.S. Bankruptcy Court for the Eastern District of New York, to sell Property, free and clear of liens, claims, and encumbrances. The Debtor is a Delaware limited liability company that owns an 88-bed skilled nursing facility. The Debtor's Property is located at 308 W Emma Street, Union Gap, Washington 98903. The Debtor wants to sell the Property to the proposed staking horse bidder, Serenity Estates LLC, or to the highest and/or best offer at an auction. The purchase price of the Property is $7,750,000.00. The Debtor seeks approve of the Asset Purchase Agreement between the Debtor and the Stalking Horse Bidder, in the form annexed to the Motion as Exhibit A, and the proposed break-up fee of 3% of the Purchase Price of the Property. About Prest Properties LLC Prest Properties LLC owns an 88-bed skilled nursing facility located at 308 W Emma Street, Union Gap, WA 98903, with an estimated value of $8 million. Prest Properties LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 25-71125) on March 24, 2025. In its petition, the Debtor reports total assets of $8,000,000 and total liabilities of $6,465,000. Honorable Bankruptcy Judge Louis A. Scarcella handles the case. The Debtor is represented by Avrum J. Rosen, Esq. at LAW OFFICES OF AVRUN J. ROSEN, PLLC. PRIME CORE: Oval Entities Lose Bid to Dismiss Adversary Case ------------------------------------------------------------ Judge J. Kate Stickles of the United States Bankruptcy Court for the District of Delaware denied the motion of Oval Labs Inc. and Oval Finance, LLC to dismiss the adversary proceeding captioned as PCT Litigation Trust v. Oval Labs, Inc. et al., Adv. Pro. No. 25-50438 (JKS) (Bankr. D. Del.) in the bankruptcy case of Prime Core Technologies, Inc. The Oval Entities request that the Court dismiss the complaint filed by the Plaintiff pursuant to Rules 12(b)(5) and (6) of the Federal Rules of Civil Procedure, made applicable to this adversary proceeding pursuant to Rule 7012(b) of the Federal Rules of Bankruptcy Procedure, for failure to: (i) serve the entire, unredacted complaint upon the Oval Entities, and (ii) state a claim upon which relief can be granted. The Court agrees that Plaintiff has failed to effect proper service on the Defendants. According to the Court, the redactions in the filed complaint, which seeks to avoid and recover 78 fiat currency transfers totaling $26,644,776 and five cryptocurrency transfers allegedly made to the Oval Entities by the Debtors during the 90 days prior to the Debtors' bankruptcy filing, are significant. The complaint redacts the names of certain declarants who testified to facts that make up the basis of the claims against the Defendants. Entire sections of questions and answers from depositions are redacted. Alleged correspondence is also redacted. The Court finds the redaction of facts, including the identity of the declarants of such facts, in a complaint fundamentally unfair, and if permitted, would have the effect of preventing the Defendants from knowing fully the claims being made against them. Simply stated, it is unfairly prejudicial for a defendant to defend itself against claims without knowing the full contents of the complaint. Not only is it prejudicial, but the redaction of the names of the declarants will cause needless expense and delay, with the burden shifting to the Defendants to serve discovery requests on every possible declarant in a hunt for who said what. Under these circumstances, the Court finds service of process was insufficient. The Court will deny the Defendants' Rule 12(b)(5) motion to the extent it seeks dismissal of the Plaintiff's claims; and instead, shall afford the Plaintiff fourteen (14) days to effect proper service on Defendants by serving the unredacted complaint on the Defendants and filing the complaint under seal pursuant to the Local Rules. The Defendant's Rule 12(b)(6) motion will be held in abeyance pending a status conference to be scheduled. A copy of the Court's Letter Ruling dated July 18, 2025, is available at https://urlcurt.com/u?l=jcOxlu from PacerMonitor.com. About Prime Core Prime Core Technologies, Inc., was founded in 2016 by Scott Purcell as a trust and custodial services company with respect to fiat currency and other more traditional assets, with its primary product being college savings trusts. Following the emergence and exponential growth of the blockchain and cryptocurrency industry, the Company recalibrated its focus away from providing more traditional fiat currency custodial services and towards providing custodial services for cryptocurrency and other digital assets. Eventually, the Company emerged as a market leader, providing a unique bundle of products and services that remain unparalleled in the industry. Prime Core Technologies, Inc., and three of its affiliates sought Chapter 11 bankruptcy protection (Bankr. D.N.J. Lead Case No. 23-11161) on Aug. 16, 2023. The petitions were signed by Jor Law as interim chief executive officer. The Hon. J. Kate Stickle presides over the Debtors' cases. The Debtors listed $50 million to $100 million in estimated assets and $100 million to $500 million estimated liabilities. McDermott Will & Emery LLP serves as counsel to the Debtors. The Debtors' financial advisor is M3 Advisory Partners, LP; their investment banker is Galaxy Digital Partners LLC; and their claims and noticing agent is Stretto. PURDUE PHARMA: Plan Confirmation Hearing Scheduled for November 10 ------------------------------------------------------------------ UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK In re: PURDUE PHARMA LP, et al, Debtors. Chapter11 Case No. 19-23649 (SHL) (Jointly Administered) NOTICE OF HEARING TO CONSIDER CONFIRMATION OF THE THIRTEENTH AMENDED CHAPTER 11 PLAN FILED BY THE DEBTORS AND RELATED VOTING AND OBJECTION DEADLINES PLEASE TAKE NOTICE OF THE FOLLOWING: 1. On June 20, 2025, the United Sates Bankruptcy Court for the Southern District of New York (the "Court") entered an order (the "Disclosure Statement Order"), (a) authorizing Purdue Pharma LP and its affiliated debtors and debtors in possession (collectively, the "Debtors"), to solicit acceptances for the Thirteenth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and its Affiliated Debtors (as modified, amended or supplemented from time to time, the "Plan");, (b) approving the Disclosure Statement far Thirteenth Amended Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and Its Affiliated Debtors (the "Disclosure Statement") as containing "adequate information" pursuant to section 1125 of the Bankruptcy Code; (c) approving the solicitation materials and documents to be included in the solicitation packages and (d) approving procedures for soliciting, receiving and tabulating votes on the Plan and for filing objections to the Plan. 2. The hearing at which the Court will consider Confirmation of the Plan (the "Confirmation Hearing") will commence on November 10, 2025, at 10:00 a.m., prevailing Eastern Time, before the Honorable Sean H. Lane, in the United States Bankruptcy Court for the Southern District of New York, located at 300 Quarropas Street, White Plains, New York 10601-4140; provided that, pursuant to General Order M-543 ("General Order M-543"), such Confirmation Hearing shall be conducted via Zoom® videoconference. The Confirmation Hearing may be continued from time by the Court or the Debtors without further notice other than by such adjournment being announced in open court, by Agenda filed with the Court, and/or by a Notice of Adjournment filed with the Court and served on all parties entitled to notice. 3. The Plan contemplates a global settlement (the "Shareholder Settlement Agreements") of claims against the Sackler Covered Parties (including members of the Sacker Families and certain other individuals and related entities). The Shareholder Settlement Agreements are comprised of two separate but related components: the Estate Claims Settlement and the Direct Claims Settlements. Pursuant to the Direct Claims Settlement, the Debtors will settle their claims against the Sackler Covered Parties. Pursuant to the Direct Claims Settlements, the Sacker Covered Parties will provide cash distributions to creditors who participate in the settlement in exchange for releasing such creditors' direct claims against the Sackler Families, other Related Parties, and certain other non-debtor parties. In exchange, among other things, the Sackler Covered Parties will make up to $6.5 billion in cash payments over fifteen years and will relinquish their equity interests in the Debtors. 4. The deadline for fling objections to the Plan is September 25, 2025, at 4:00 p.m., prevailing Eastern Time (the "Plan Objection Deadline"). All objections to the relief sought at the Confirmation Hearing must (a) be in writing, (b) conform to the Federal Rules of Bankruptcy Procedure and the Local Bankruptcy Rules for the Southern District of New York, (c) be filed with the Court (i} by attorneys practicing in the Bankruptcy Court, including attorneys admitted pro hac vice, electronically in accordance with General Order M-399 {which an be found at http:/www.nysb.uscourts.gov), and (ii) by all other parties in interest in text-searchable portable document format (PDF) (with a hard copy delivered directly to Chambers), in accordance with the customary practices of the Bankruptcy Court and General Order M-399, to the extent applicable, and (d) be served in accordance with the Second Amended Order Establishing Certain Notice, Case Management, and Administrative Procedures entered on November 18, 2019 [D.I. 498], on (i) counsel to the Debtors, Davis Polk & Wardwell LLP 450 Lexington Avenue, New York, New York 10017 (Attention: Marshall S. Huebner, Benjamin S. Kaminetzky, Eli J. Vonnegut, Christopher S. Robertson and Joshua Y. Sturm), (ii) counsel to the Creditors Committee, (A) Akin Gump Strauss Hauer & Feld LLP, One Bryant Park, New York, New York 10036 (Attention: Arik Preis, Mitchell P. Hurley, Sara L. Brauner and Edan Lisovicz) and (B) Cole Schotz P.C., 500 Delaware Avenue, Suite 1410, Wilmington, Delaware 19801 (Attention: Justin R. Alberto), and (iii) the Office of the U.S. Trustee for the Southern District of New York, 201 Varick Street, Suite 1006, New York, New York 10014 (Attention: Paul K. Schwartzberg), so as to be actually received on a before the Plan Objection Deadline. 5. Pursuant to the Order, the Court approved the use of certain materials in the solicitation of votes to accept or reject the Plan and certain procedures for the tabulation of votes to accept or reject the Plan. if you are a holder of a Claim against the Debtors as of May 12, 2025, and entitled to vote, you have received with this Notice, a ballot form (a "Ballot") and instructions for completing the Ballot. 6. The deadline for voting on the Plan is on September 20, 2025, at 4:00 p.m., prevailing Eastern Time (the "Voting Deadline"). If you received a Solicitation Package including a Ballot and intend to vote on the Plan you must (a) follow the Ballot instructions carefully; (b) complete all of the required information on the Ballot; and (c) execute and return your completed Ballot according to and as set forth in detail in the voting instructions so that it (or the Master Ballot submitted on your behalf as applicable) is actually received by the Debtors' Solicitation Agent, Kroll Restructuring Administration LLC (the "Solicitation Agent") on or before the Voting Deadline. A failure to follow such instructions may disqualify you vote. 7. If a controversy arises regarding whether any Claim is properly classified under the Plan, the Bankruptcy Court shall, upon motion and notice, determine such controversy at the Confirmation Hearing. If the Bankruptcy Court finds that the classification of any Claim is improper, then such Claim shall be reclassified and the Ballot previously cast by the holder of such Claim shall be counted in, and the Claim shall receive the treatment prescribed in, the Class in which the Bankruptcy Court determines such Claim should have been classified, without the necessity of resoliciting any votes on the Plan. Notwithstanding the fact that your Claim would otherwise satisfy the definition of another type of Claim, or your receipt of a ballot or notice, which identifies your Claim as belonging to a specific Class for voting and distribution purposes, any Claim that satisfies the definition of Co-Defendant Claim under Sections 1.1 and 4.16 of the Plan shall be a Co-Defendant Claim and any Claim that satisfies the definition of an Other Subordinated Claim under Sections 1.1 and 4.17 of the Plan shall be an Other Subordinated Claim. 8. If any claimant wishes to challenge the disallowance of its Claim for voting purposes, such claimant must file a motion with the Court for an order pursuant to Bankruptcy Rule 3018(a) temporarily allowing such claim for voting purposes (a "Rule 3018 Motion"). Any Rule 3018 Motion must be filed on or before September 3, 2025 at 4:00 p.m., prevailing Eastern Time (the "Rule 3018 (a) Motion Filing Deadline") and served in accordance with the Second Amended Order Establishing Certain Notice, (Case Management, and Administrative Procedures entered on November 18, 2019 [D.I. 498]. 9. The Debtors will file the Plan Supplement (as defined in the Plan) no later than fifteen (15) days prior to the Voting Deadline and will serve notice on all holders of Claims entitled to vote on the Plan and all known holders of other Released Claims, Shareholder Released Claims, or Channeled Claims, which will (a) inform parties that the Debtors filed the Plan Supplement; (b) list the information contained in the Plan Supplement; and (c) explain how parties may obtain copies of the Plan Supplement. 10. If confirmed, the Plan shall bind all holders of Claims and Interests to the maximum extent permitted by applicable law, whether or not such holder will receive or retain any property or interest in property under the Plan, has filed a Proof of Claims in these Chapter 11 Cases or failed to vote to accept or reject the Plan or voted to reject the Plan. 11. Sections 10.6, 10.7, 10.8, 10.9, 10.10, 10.11, 10.12, and 10.13 of the Plan contain release, shareholder release, exculpation, injunction, channeling injunction, MDT Insurer Injunction, Setting MDT Insurer Injunction and shareholder channeling injunction provisions. Pursuant to the Plan, certain Releasing Parties are releasing (i) the Released Parties and (ii) the Shareholder Released Parties from certain Claims and Causes of Action. The Releasing Parties include, collectively, (i) the Supporting Claimants, solely in their respective capacities as such, (ii) the Opt-in Settling Creditors, (iii) the Settling Co-Defendants and (iv) with respect to each of the Persons in the foregoing clauses (i) through (iii), each of their Related Parties to the extent the applicable Releasing Party has the authority under applicable law the grant such release on their behalf, in each case, other than any Shareholder Released Party. The Released Parties include, collectively, (i) the Debtors, (ii) each of the Debtors' Related Parties, solely in their respective capacities as such, and (iii) solely for purposes of the Releases by the Debtors in Section 10.6(a) of the Plan, (A) the Supporting Claimants, the Creditors' Committee and the Creditors' Committee's members and each of their respective professionals, in each case solely in their respective capacities as such, and (B) the Settling Co-Defendants and each of their Related Parties, in each case solely in their respective capacities as such;, provided, however, that, notwithstanding the foregoing or anything herein to the contrary, no Excluded Party or Shareholder Release Snapback Party shall be a Released Party in any capacity or respect. For purposes of this definition of "Released Parties," the phrase "solely in their respective capacities as such" means, with respect to a Person, solely to the extent a claim against such Person (x) arises from such Person's conduct or actions taken in such capacity, from such Person's identified capacity in relation to another specified Released Party and not, in either case, from such Person's conduct or actions independent of such capacity, and (y) to the extent such Person's liability depends on or derives from the liability of such other Released Party, such claim would be released if asserted against such other Released Party. 12. If the Plan is confirmed, as of the Effective Date, the Releasing Parties will conclusively, absolutely, unconditionally, irrevocably, and forever release the Shareholder Released Parties from any and all Causes of Action, including, without limitation, any Estate Cause of Action and any claims that any Releasing Party, or that any other Person or party claiming under or through any Releasing Party, would have presently or in the future been legally entitled to assert in its own right (whether individually or collectively) or on behalf of any Releasing Party or any other Person, notwithstanding section 1542 of the California Civil Code or any law of any jurisdiction that is similar, comparable or equivalent thereto (which shall conclusively be deemed waived), whether existing or hereinafter arising, in each case, (A) directly or indirectly based an, arising out of, or in any way relating to or concerning, in whole or in part, (i) the Debtors, as such Entities existed prior to or after the Petition Date, and their Affiliates, (ii) the Estates, (iii) the Chapter 11 Cases, or (iv) Covered Conduct and (B)as to which any conduct, omission or liability of any Debtor or any Estate is the legal cause or is otherwise a legally relevant factor. Holders of such actual or potential claims or causes of action will be bound by the Third-Party Releases only if they elect to grant the Third-Party Releases through the applicable Shareholder Release Consent Mechanism, including, with respect to the Holders of Pl Claims, Third-Party Payor Claims and certain Other General Unsecured Claims, by electing to opt-in to the Third-Party Releases on their ballots. 13. If you should have any questions or if you would like to obtain additional solicitation materials at no charge, please contact the Debtors' Solicitation Agent, by: (a) calling the Debtors' restructuring hotline at (844) 217-0912 (US. Canada, toll-free) or +1 (347) 859-8093 (international, toll); (b) visiting the Debtors' restructuring website at https://restructuring.ra.kroll.com/purduepharma; (c) writing to Purdue Pharma Ballot Processing, c/o Kroll Restructuring Administration LLC, 850 Third Avenue, Suite 412, Brooklyn, NY 11232; and/ or (d) entailing purduepharmainfo@kroll.com with "Purdue Pharma Solicitation Inquiry" in the subject line. You may also obtain copies of any pleadings filed in these Chapter 11 Cases for a fee via PACER at: http://www.nysb.uscourts.gov.Please be advised that the Solicitation Agent is authorized to answer questions about, and provide additional copies of, solicitation Materials, but may not advise you as to whether you should vote to accept or reject the Plan. Dated: July 1, 2025, New York, New York, DAVIS POLK & WARDWELL LLP By: /s/ Marshall S Huebner, 450 Lexington Avenue, New York, New York 10017, Marshall S. Huebner, Benjamin S. Kaminetzky, Eli J. Vonnegut, Christophher S. Robertson, Joshua Y. Sturm, Abraham Bane, Counsel to the Debtors and Debtorrs in Possession If you have questions about this notice, please contact the Debtors' Claims and Noticing Agent, Kroll Restructuring Administration LLC, at 844-217-0912 (U.S/Canada, toll-free), +1 347-859-8093 (international, toll), or by email at purduepharmainfo@kroll.com (with "Purdue Pharma Solicitation Inquiry" in the subject line). You may also find out more information at https//restructuring.ra.kroll.com/purduepharma. 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 reimagining 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. QUEST SOFTWARE: Credit Suisse Marks $2.3MM Loan at 38% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $2,371,000 loan extended to Quest Software U.S. Holdings, Inc. to market at $1,470,014 or 62% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Quest Software U.S. Holdings, Inc. The loan accrues interest at a rate of 8.68% per annum. The loan matures February 1, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Quest Software U.S. Holdings, Inc. Quest Software provides software solutions. The Company offers enterprise software that identities, users and data, streamlines IT operations, and hardens cyber security from the inside out. Quest Software serves customers in the United States. QUEST SOFTWARE: Credit Suisse Marks $474,000 Loan at 46% Off ------------------------------------------------------------ Credit Suisse High Yield Bond Fund has marked its $474,000 loan extended to Quest Software U.S. Holdings, Inc. to market at $254,510 or 54% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Quest Software U.S. Holdings, Inc. The loan accrues interest at a rate of 8.68% per annum. The loan matures February 1, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Quest Software U.S. Holdings, Inc. Quest Software provides software solutions. The Company offers enterprise software that identities, users and data, streamlines IT operations, and hardens cyber security from the inside out. Quest Software serves customers in the United States. QVC GROUP: Sets Q2 Earnings and Conference Call for August 7 ------------------------------------------------------------ QVC Group, Inc. disclosed in a press release that it will host a conference call to discuss results for the second quarter of 2025 on Thursday, August 7th at 8:30 a.m. E.T. Before the open of market trading that day, QVC Group will issue a press release reporting such results, which can be found at: https://investors.qvcgrp.com/investors/news-events/press-releases. The press release and conference call may discuss QVC Group's financial performance and outlook, as well as other forward-looking matters. Please call InComm Conferencing at (877) 704-4234 or +1 (215) 268-9904, confirmation code 13748878, at least 10 minutes prior to the call. Callers will need to be on a touch-tone telephone to ask questions. The conference administrator will provide instructions on how to use the polling feature. In addition, the conference call will be broadcast live via the Internet. All interested participants should visit the QVC Group website at https://investors.qvcgrp.com/investors/news-events/ir-calendar to register for the webcast. Links to the press release and replay of the call will also be available on the QVC Group website. The conference call will be archived on the website after appropriate filings have been made with the SEC. About QVC Group QVC Group, Inc., formerly known as Qurate Retail, Inc. -- https://www.qvcgrp.com/ -- owns interests in subsidiaries and other companies which 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. As of Dec. 31, 2024, QVC Group had $9.24 billion in total assets, $10.13 billion in total liabilities, and $885 million in total stockholders' equity. * * * In June 2025, Fitch Ratings has downgraded QVC Group, Inc.'s (QVC) Long-Term Issuer Default Rating (IDR) to 'CCC+' from 'B-'. The downgrade reflects heightened risk regarding QVC's ability to stabilize operations and support its capital structure amid accelerating revenue declines and a challenged operating environment. REDSTONE HOLDCO: Credit Suisse Marks $733,000 Loan at 39% Off ------------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $733,000 loan extended to Redstone Holdco 2 LP to market at $449,091 or 61% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to Redstone Holdco 2 LP. The loan accrues interest at a rate of 9.2% per annum. The loan matures April 27, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Redstone Holdco 2 LP Redstone Holdco 2 LP and Redstone Buyer LLC were formed as part of the buyout of the RSA Security business from Dell Inc. RENE'S TRUCKING: Hires Kean Miller LLP as Bankruptcy Counsel ------------------------------------------------------------ Rene's Trucking, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Kean Miller LLP to serve as legal counsel in its Chapter 11 case. Kean Miller LLP will provide these services: (a) render legal advice with respect to the Debtor's powers and duties in the continued operation of its business as a debtor-in-possession; (b) take necessary action to protect and preserve the Debtor's bankruptcy estate, including the prosecution and defense of legal actions and negotiations related to litigation; (c) prepare all schedules, statements, motions, orders, reports, and other legal documents required in the administration of the estate; (d) assist in preparing and filing a Chapter 11 plan of reorganization; and (e) perform all other legal services reasonably necessary or requested in connection with the case and reorganization plan. Lloyd Lim will lead the engagement at an hourly rate of $650. Rachel Kubanda will bill at $550 per hour, and Kristina Tipton at $325 per hour. Other attorneys may assist at rates ranging from $230 to $520 per hour, and paraprofessionals at $140 to $220 per hour. Kean Miller is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be contacted at: Lloyd A. Lim, Esq. Rachel T. Kubanda, Esq. KEAN MILLER LLP 711 Louisiana Street, Suite 1800 South Tower Houston, TX 77002 Telephone: (713) 362-2550 E-mail: Lloyd.Lim@KeanMiller.com Rachel.Kubanda@KeanMiller.com About Rene's Trucking Inc. Rene's Trucking, Inc. transports fuel in the Houston, Texas area. Rene's Trucking filed Chapter 11 petition (Bankr. S.D. Texas Case No. 25-32881) on May 26, 2025, listing up to $50,000 in assets and up to $1 million in liabilities. Jose Eduardo Martinez, president and manager of Rene's Trucking, signed the petition. Lloyd A. Lim, Esq., at Kean Miller, LLP, represents the Debtor as legal counsel. RINGCENTRAL INC: Moody's Ups CFR to 'Ba2', Outlook Stable --------------------------------------------------------- Moody's Ratings upgraded its ratings of RingCentral, Inc. (RingCentral); corporate family rating to Ba2 from Ba3, probability of default rating to Ba2-PD from Ba3-PD, and senior unsecured notes to Ba3 from B1. The speculative grade liquidity rating (SGL) of SGL-1 is unchanged. The outlook remains stable. "The upgrade to Ba2 and stable outlook reflects the company's progress in improving its profitability over the past few years. Moody's expects Moody's adjusted EBITDA margin to further improve to the low teen percent range over the next 12-18 months on continued cost discipline," said Moody's Ratings Senior Analyst, Justin Remsen. "Moody's expects free cash flow to exceed $500 million annually over the next two years. RingCentral also intends to reduce gross debt by more than $350 million to $1 billion by year end 2026. As a result, Moody's expects Moody's adjusted leverage (expensing stock based compensation) to decline to near 3x by 2026, from about 5x for the twelve months ending March 31, 2025," added Remsen. RATINGS RATIONALE RingCentral's Ba2 CFR reflects the company's market position among the largest unified & collaboration as-a-service (UCaaS) providers. RingCentral's annualized recurring revenue (ARR) was more than $2.5 billion at March 31, 2025 and grew approximately 7% year-over-year. Moody's expects continued ARR growth in the mid-single digit percent range, supported by growth in core UCaaS products as well as new product offerings. The company's Contact center as-a-service ("CCaaS") solution, RingCX, has also gained traction with considerable customer growth, underscoring the customers multi-product strategy and AI applications. The rating also considers the competitive threats remain which constrain the company's credit profile. RingCentral competes with a range of providers, some of whom have significantly larger scale and are very well capitalized. Moody's expects both UCaaS and CCaaS markets to remain intensely competitive, necessitating RingCentral's continued execution and innovation. Migration of on-prem seats to the cloud will support mid-single digit UCaaS market growth over the next few years, although overall UC endpoints will likely decline and ARPUs could see pressure as companies realize operating efficiencies and services become more commoditized. The unsecured notes are rated Ba3, one notch below the CFR, reflecting its junior position to the company's secured term loan and revolving credit facility. The Ba3 rating assumes RingCentral will reduce total debt to $1 billion by year end 2026. The Speculative Grade Liquidity (SGL) rating of SGL-1 reflects very good liquidity supported by Moody's expectations of about $500 million in annual free cash flow over the next two years. The company also has about $150 million in cash and an undrawn $225 million revolving credit facility as of March 31, 2025. The liquidity also considers the company's $609 million convertible notes that mature March 2026. Moody's anticipates the company to allocate free cash flow and availability under its delayed draw term loan ($350 million as of March 31, 2025) to repay the maturing debt. FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS The ratings could be upgraded if RingCentral grows in scale and business diversity, while debt/EBITDA (Moody's adjusted) is sustained below 3x and demonstrates consistently improving free cash flow generation. There could be downward pressure on ratings if revenue growth decelerates as a result of sustained competitive pressures, or if RingCentral were to maintain debt/EBITDA above 4.5x. An erosion of the company's liquidity position including free cash flow to debt less than 15% could also lead to a downgrade. The principal methodology used in these ratings was Software published in June 2022. RingCentral, Inc., headquartered in Belmont, California is a provider of cloud unified communications and contact center software-as-a-service. Revenues were approximately $2.5 billion for the LTM period ended March 31, 2025. The net effect of any adjustments applied to rating factor scores or scorecard outputs under the primary methodology(ies), if any, was not material to the ratings addressed in this announcement. RIVERSIDE EXPRESS: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Riverside Express Car Wash, LLC got the green light from the U.S. Bankruptcy Court for the Central District of California, Riverside Division, to use cash collateral. At the hearing held on July 18, the court granted the Debtor's motion to use cash collateral on an interim basis to pay its operating expenses. The Debtor intends to use its cash collateral under a budget, allowing up to a 15% variance without further court approval, provided expenses remain within approved categories. The Debtor operates a car wash facility in Riverside, California, valued at $4.6 million, with additional personal property valued at $24,307. The Debtor owes approximately $8.86 million to secured creditors T Bank, Bay Area Development Co., and the Riverside County Treasurer. T Bank holds the first-position lien. For adequate protection, the Debtor offered to grant T Bank a replacement lien and $10,000 monthly payments. Other creditors would receive replacement liens only. About Riverside Express Car Wash LLC Riverside Express Car Wash LLC operates a car wash facility in Riverside, California. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 6:25-bk-14654-RB) on July 10, 2025. In the petition signed by Amariah Olson, managing member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Magdalena Reyes Bordeaux oversees the case. Michael Jay Berger, Esq., at Law Offices of Michael Jay Berger, represents the Debtor as legal counsel. SCARLET KITCHEN: Hires Donald W. Reid as General Bankruptcy Counsel ------------------------------------------------------------------- Scarlet Kitchen & Lounge LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Donald W. Reid of the Law Office of Donald W. Reid as general bankruptcy counsel in its Chapter 11 case. Mr. Reid will provide these services: (a) advise and assist the Debtor with respect to compliance with the requirements of the Office of the United States Trustee; (b) advise the Debtor regarding matters of bankruptcy law, including the rights and remedies of the Debtor regarding its assets and claims of creditors; (c) represent the Debtor in proceedings or hearings in the Bankruptcy Court and in any related litigation; (d) conduct examinations of witnesses, claimants, or adverse parties and assist in the preparation of reports, accounts, and pleadings related to the Chapter 11 case; (e) assist in the negotiation, formulation, confirmation, and implementation of a Chapter 11 plan of reorganization; (f) advise the Debtor concerning the requirements of the Bankruptcy Court and applicable rules; and (g) make court appearances and perform other necessary services related to the Chapter 11 case. Mr. Reid will render services at an hourly rate of $500. The firm received a $21,738 retainer, which included $1,738 for the filing fee and $3,262 for prepetition fees and expenses. A balance of $15,000 remains in trust. According to court documents, Mr. Reid is a "disinterested person" as defined under Section 101(14) of the Bankruptcy Code and does not hold or represent any interest adverse to the estate. The firm can be reached at: Donald W. Reid, Esq. LAW OFFICE OF DONALD W. REID PO Box 2227 Fallbrook, CA 92088 Telephone: (951) 777-2460 E-mail: don@donreidlaw.com About Scarlet Kitchen & Lounge Scarlet Kitchen & Lounge, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-11641) on June 17, 2025, listing up to $500,000 in assets and up to $1 million in liabilities. Paige Riordan, owner and executive chef, signed the petition. Judge Scott C. Clarkson oversees the case. Donald Reid, Esq., at the Law Office of Donald W. Reid, represents the Debtor as legal counsel. SENOIA DRUG: Seeks Subchapter V Bankruptcy in Georgia ----------------------------------------------------- On July 21, 2025, Senoia Drug Co Inc. filed Chapter 11 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1 and 49 creditors. The petition states funds will be available to unsecured creditors. About Senoia Drug Co. Inc. Senoia Drug Co Inc., d/b/a Grantville Pharmacy and Hazelton Pharmacy, operates a full-service retail pharmacy in Senoia, Georgia. The Company provides prescription medications, compounding services, immunizations, medication therapy management, durable medical equipment. It also offers local delivery and digital refill services through a mobile app. Senoia Drug Co. Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 25-11060) on July 21, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. The Debtor is represented by Bethany Strain, Esq. at JONES & WALDEN LLC. SERENADE NEWPORT: Hires Goe Forsythe & Hodges as Bankruptcy Counsel ------------------------------------------------------------------- Serenade Newport LLC seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Goe Forsythe & Hodges LLP to serve as general bankruptcy counsel in its Chapter 11 case. Goe Forsythe & Hodges LLP will provide these services: (a) advise and assist the Debtor with respect to compliance with the requirements of the United States Trustee; (b) advise the Debtor regarding matters of bankruptcy law, including the rights and remedies of the Debtor with respect to its assets and creditor claims; (c) advise the Debtor regarding assumption and rejection of executory contracts and leases; (d) represent the Debtor in bankruptcy proceedings or hearings where its rights may be litigated or affected; (e) conduct examinations of witnesses, claimants, or adverse parties, and assist in the preparation of reports, accounts, and pleadings; (f) advise the Debtor concerning the requirements of the Bankruptcy Court and applicable rules; (g) assist the Debtor in the negotiation, formulation, confirmation, and implementation of a Chapter 11 plan of reorganization; (h) make appearances in bankruptcy court on behalf of the Debtor; and (i) take such other actions and perform such other services as required in connection with this Chapter 11 case. Goe Forsythe & Hodges LLP professionals bill at hourly rates ranging from $200 to $750. The Debtor paid the firm a pre-petition retainer of $60,000, with $48,058.50 remaining in trust as of the petition date. Goe Forsythe & Hodges 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: Goe Forsythe & Hodges LLP 17701 Cowan, Lobby D, Suite 210 Irvine, CA 92614 Telephone: (949) 798-2460 Facsimile: (949) 955-9437 E-mail: rgoe@goeforlaw.com rbello@goeforlaw.com About Serenade Newport LLC Serenade Newport LLC is a single-asset real estate company with property located at 1501 Serenade Terrace in Corona Del Mar, California. Serenade Newport LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-11898) on July 11, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Mark D. Houle handles the case. The Debtors are represented by Robert P. Goe, Esq. at Goe Forsythe & Hodges LLP. SK NEPTUNE: Credit Suisse Marks $235,000 Loan at 26% Off -------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $235,000 loan extended to SK Neptune Husky Finance SARL to market at $174,212 or 74% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to SK Neptune Husky Finance SARL. The loan accrues interest at a rate of zero percent per annum. The loan matures on April 30, 2026. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About SK Neptune Husky Finance SARL SK Neptune Husky Intermediate IV S.a.r.l. is the parent of Luxembourg-based pigments manufacturer Heubach. SK Neptune Husky Group Sarl has its registered office in Luxembourg. SK NEPTUNE: Credit Suisse Virtually Writes Off $1-Mil. Loan ----------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,085,000 loan extended to SK Neptune Husky Finance SARL to market at $37,653 or 3% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to SK Neptune Husky Finance SARL. The loan accrues interest at a rate of zero percent per annum. The loan matures January 3, 2029. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About SK Neptune Husky Finance SARL SK Neptune Husky Intermediate IV S.a.r.l. is the parent of Luxembourg-based pigments manufacturer Heubach. SK Neptune Husky Group Sarl has its registered office in Luxembourg. SMITH MICRO: Raises $1.5M in Equity Offering, Private Placement --------------------------------------------------------------- Smith Micro Software Inc. closed a $1.5 million equity financing, issuing 1.6 million common shares at $0.93 apiece and accompanying unregistered warrants in a private placement. The five-year warrants are exercisable immediately at $1.20 per share and include anti-dilution protections. Proceeds will support working capital and general corporate purposes. Chardan served as financial advisor to the Company in connection with the registered offering and concurrent private placement. Buchanan Ingersoll & Rooney PC served as legal counsel to the Company in the transactions, while Haynes and Boone, LLP served as legal counsel to the investors. A shelf registration statement on Form S-3 (File No. 333-287029) relating to the registered common stock offering was filed with the U.S. Securities and Exchange Commission and declared effective on May 16, 2025. A prospectus supplement describing the terms of the registered offering and the accompanying base prospectus were filed with the SEC and are available for free on the SEC's website located at http://www.sec.gov. The offering of the common stock in the registered offering was made only by means of a prospectus. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered offering, when available, may be obtained by contacting: Smith Micro Software, Inc., 5800 Corporate Drive, Pittsburgh, PA 15237 Attn: Investor Relations, telephone: 412-837-5300, or by email at ir@smithmicro.com. The warrants were offered and sold in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D of the Securities Act and in reliance on similar exemptions under applicable state laws. Accordingly, the warrants and underlying shares of common stock issuable upon exercise of the warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws. The Company has agreed to file registration statements with the SEC registering the resale of the shares of common stock issuable upon exercise of the unregistered warrants issued in connection with the private placement concurrent with the registered offering. About Smith Micro Software Smith Micro Software, Inc. develops software solutions that enhance mobile experiences for wireless service providers globally. Its offerings include digital family lifestyle applications and voice messaging tools designed for smartphones and consumer IoT devices. In an audit report dated March 12, 2025, SingerLewak LLP issued a "going concern" quailfication citing that the Company has suffered recurring losses from operations and has projected future cash flow requirements to meet continuing operations in excess of current available cash. This raises substantial doubt about the Company's ability to continue as a going concern. The Company reported a net loss of $48.70 million for the year ended Dec. 31, 2024, compared to a net loss of $24.40 million for the year ended Dec. 31, 2023. As of Dec. 31, 2024, the Company had $43.36 million in total assets, $5.67 million in total current liabilities, $1.13 million in total non-current liabilities, and $36.56 million in total stockholders' equity. Smith Micro said its main liquidity needs are tied to working capital for operations. The Company noted that its requirements will depend on factors such as acquiring enough subscribers -- and the resulting revenue -- to support current operating expenses and reach profitability. The Company stated it may not be able to continue as a going concern if it fails to meet obligations over the next 12 months, according to its quarterly filing for the period ended March 31, 2025. It cited uncertainty in accessing additional financing due to market conditions, performance, and investor sentiment, adding that substantial doubt about its ability to continue as a going concern remains despite management's efforts. SONRAVA HEALTH: Credit Suisse Marks $1.2MM Loan at 62% Off ---------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,264,000 loan extended to Sonrava Health Holdings LLC to market at $477,056 or 38% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a loan to Sonrava Health Holdings LLC. The loan accrues interest at a rate of 11% per annum. The loan matures August 18, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About Sonrava Health Holdings LLC Sonrava Health Holdings LLC is a national family of health and wellness companies united by a singular dedication to delivering high-quality, convenient, and affordable health care. SONRAVA HEALTH: Saratoga Investment Marks $361,000 Loan at 65% Off ------------------------------------------------------------------ Morningstar Funds Trust has marked its $361,254 loan extended to Sonrava Health Holdings LLC to market at $128,245 or 35% of the outstanding amount, according to Morning Star's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Morningstar Funds is a participant in a Second-Out Term Loan to Sonrava Health Holdings LLC. The loan accrues interest at a rate of 5.56% per annum. The loan matures on August 18, 2028. Morningstar Funds Trust was created by Morningstar Investment Management LLC using an open architecture, multimanager approach, selecting subadvisers it believed fit best with its investment philosophy and the investment objectives of each Morningstar Fund. It has recommended subadvisers it believed were independent, skilled investors in their respective asset classes to manage the Funds and continuously monitors such subadvisers to confirm that they continue to meet its standards. Morningstar Funds is led by Daniel E. Needham, President and Principal Executive Officer; and Tracy L. Dotolo, Treasurer and Principal Financial Officer. The Fund can be reach through: Daniel E. Needham Morningstar Funds Turst 22 W. Washington Street Chicago, IL 60602 Tel. No.: (312) 696-6000 About Sonrava Health Holdings LLC Sonrava Health provides high quality care in nearly 600 affiliated offices in 21 states coast to coast from California to Florida. STOLI GROUP: Court Extends Cash Collateral Access to Aug. 5 ----------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas approved the eighth stipulation allowing Stoli Group (USA), LLC and Kentucky Owl, LLC to continue to use the cash collateral of Fifth Third Bank, National Association. The stipulation extended the Debtors' authority to use the lender's cash collateral to August 5 to pay the expenses set forth in their latest budget. The Debtors were ordered to pay $254,808 to Brown Rudnick, LLP on account of professional fees previously allowed on an interim basis. As of the petition date, the Debtors' aggregate principal outstanding funded debt obligations total approximately $78,374,334.30. Fifth Third Bank holds valid, senior, perfected, and enforceable liens on the collateral, including cash proceeds and other cash equivalents, which constitute the lender's cash collateral. About Stoli Group (USA) LLC Stoli Group (USA), LLC is a producer, manager, and distributor of a global portfolio of spirits and wines. Stoli Group (USA) and Kentucky Owl, LLC filed Chapter 11 petitions (Bankr. N.D. Texas Lead Case No. 24-80146) on November 27, 2024. At the time of the filing, Stoli Group (USA) reported $100 million to $500 million in assets and $10 million to $50 million in liabilities while Kentucky Owl reported $50 million to $100 million in assets and $50,000,001 to $100 million in liabilities. Judge Scott W. Everett handles the cases. Holland N. O'Neil, Esq., at Foley & Lardner, LLP is the Debtor's legal counsel. Fifth Third Bank, N.A., as lender, is represented by: Brent McIlwain, Esq. Christopher A. Bailey, Esq. Holland & Knight, LLP 1722 Routh Street, Suite 1500 Dallas, TX 75201 Telephone: 214.969.1700 Email: brent.mcilwain@hklaw.com chris.bailey@hklaw.com -- and -- Jeremy M. Downs, Esq. Steven J. Wickman, Esq. Goldberg Kohn, Ltd. 55 East Monroe Street, Suite 3300 Chicago, IL 60603 Telephone: 312.201.4000 Email: jeremy.downs@goldbergkohn.com steven.wickman@goldbergkohn.com SUNBELT PLANTATIONS: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Sunbelt Plantations, Inc. 964 Windy Ridge Road PO Box 1140 Blue Ridge GA 30513 Business Description: Sunbelt Plantations, Inc., doing business as Adcock Pecan Co., produces and distributes pecans, peanuts, jams, jellies, fruit butters, and chutneys. The Company operates from Tifton, Georgia, and offers its products through retail and online channels, including its Website at http://www.adcockpecans.com/ Chapter 11 Petition Date: July 21, 2025 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 25-21011 Debtor's Counsel: William Rountree, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Sute 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wrountree@rlkglaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Gwynn Kelley Johnson, Jr. as vice 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/FL7Z6LI/Sunbelt_Plantations_Inc__ganbke-25-21011__0001.0.pdf?mcid=tGE4TAMA TEKNATOOL USA: Gets Extension to Access Cash Collateral ------------------------------------------------------- Teknatool USA, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Tampa Division to use cash collateral. The interim order signed by Judge Catherine Peek McEwen authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget; and additional amounts subject to approval by secured creditor, Pathward, National Association. This authorization will continue until further order of the court. As protection for the use of its cash collateral, Pathward was granted a post-petition lien on its collateral to the same extent and with the same validity and priority as its pre-bankruptcy lien. During the interim period, the Debtor is not required to make payments to Pathward on the revolving loan. The Debtor, however, agreed to a monthly payment of $10,000 on the SBA 7a loan. As of the petition date, the Debtor owed $3.5 million to Pathward on the SBA 7a loan. The next hearing is scheduled for August 19. A copy of the court's order and the budget is available at https://shorturl.at/FdwEH from PacerMonitor.com. About Teknatool USA Inc. Teknatool USA Inc., a company in Seminole, Fla., offers a wide array of woodturning tools and accessories, including lathes and chucks, catering to both hobbyists and professionals in the woodworking community. Teknatool USA filed Chapter 11 petition (Bankr. M.D. Fla. Case No. 25-01248) on March 1, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Catherine Peek McEwen handles the case. Joel Aresty, Esq., at Joel M. Aresty, PA is the Debtor's legal counsel. Pathward N.A., as secured creditor, is represented by: James J. Webb, Esq. Mitrani, Rynor, Adamsky & Toland, P.A. 301 Arthur Godfrey Road, PH Miami Beach, FL 33140 Tel: (305) 358-0500 Fax: (305) 358-0550 jwebb@mitrani.com TERRA LAKE: Court Extends Cash Collateral Access to Aug. 20 ----------------------------------------------------------- Leslie Osborne, Esq., the Chapter 11 trustee for Terra Lake Heights, LLC, received another extension from the U.S. Bankruptcy Court for the Southern District of Florida to use cash collateral. The court order signed by Judge Scott Grossman authorized the trustee's interim use of cash collateral through August 20 to pay the amounts authorized by the court, including payments to the U.S. trustee for quarterly fees; the expenses set forth in the budget; plus an amount not to exceed 10% for each line item; and additional amounts approved by secured creditor, Big Real Estate Finance II, LLC. As protection for the use of its cash collateral, the secured creditor will be granted a post-petition security interest in and lien on its pre-bankruptcy collateral, with the same validity, extent and priority as its pre-bankruptcy security interests. In addition, Big Real Estate Finance will be granted an allowed superpriority administrative expense claim, with priority over all administrative expenses and other claims against the Debtor. The Debtor's authority to use cash collateral terminates upon the occurrence of so-called events of default, including its failure to remit to the secured creditor any "adequate protection" payment; dismissal or conversion of its Chapter 11 case; the reversal, revocation, modification, amendment, stay or rescission of the interim order unless consented to by the secured creditor; the distribution of any cash collateral other than in accordance with the terms of the interim order and budget; and upon payment in full of the entire claim of the secured creditor. The next hearing is scheduled for August 20. The Debtor, a multi-unit apartment complex in Tallahassee, Fla., filed for Chapter 11 protection on April 23. The Debtor allegedly owes the secured creditor approximately $19.8 million, secured by a first-priority lien on the Debtor's real and personal property, including leases, rents, equipment, and accounts. The bankruptcy trustee believes the rental income constitutes cash collateral and intends to use it for necessary business expenses like utilities, insurance, and property management. About Terra Lake Heights Terra Lake Heights, LLC is a limited liability company in Hollywood, Fla. Terra Lake Heights sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 25-14464) on April 23, 2025, listing up to $50,000 in assets and between $10 million and $50 million in liabilities. Judge Scott M. Grossman handles the case. Chad Van Horn, Esq., at Van Horn Law Group, P.A. serves as the Debtor's legal counsel. Leslie Osborne is the Chapter 11 trustee appointed in the Debtor's case. Big Real Estate Finance II, LLC, as secured creditor, is represented by: Matthew A. Barish, Esq. Cole Schotz, P.C. One Boca Place 2255 Glades Road, Suite 300E Boca Raton, FL 33431 Phone: (646) 563-8958 mbarish@coleschotz.com vfink@coleschotz.com THASSOS INC: Gets OK to Use Cash Collateral Until Aug. 21 --------------------------------------------------------- Thassos, Inc. received another extension from the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division to use cash collateral. The court's order authorized the Debtor's interim use of cash collateral through August 21 to pay the operating expenses set forth in its budget. Use of funds for extraordinary expenses in excess of the budget requires further court order or prior written approval of Newtek Bank, N.A., the Debtor's secured creditor. The budget projects total operational expenses of $106,794 for the period from July 17 to August 21. As protection for any diminution in value of its cash collateral, Newtek was granted valid, binding, enforceable, and perfected replacement liens on and security interests in its collateral, to the same extent and with the same validity and priority held by the secured creditor prior to the petition date. As further protection, Newtek will receive payment of $3,000 this month. Failure to pay triggers a default and a late charge of 5%. It also allows Newtek to accelerate the debt and seek enforcement. The next hearing is scheduled for August 20. Newtek Bank is the holder of a first position security interest in the cash collateral and is owed $390,661 pursuant to SBA loan. About Thassos Inc. Thassos Inc. operates a Greek restaurant in Clarendon Hills, Illinois. The establishment specializes in authentic Greek cuisine and offers dine-in, catering, and online ordering services. Thassos sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08021) on May 27, 2025. In its petition, the Debtor reported estimated assets up to $50,000 and estimated liabilities between $1 million and $10 million. Judge Janet S. Baer handles the case. The Debtor is represented by Konstantine Sparagis, Esq., at the Law Offices of Konstantine Sparagis. THUNDER INTERNATIONAL: Gets Extension to Access Cash Collateral --------------------------------------------------------------- Thunder International Group, Inc. and affiliates received third interim approval from the U.S. Bankruptcy Court for the District of New Jersey to use cash collateral. The order penned by Judge John Sherwood authorized the Debtors' interim use of cash collateral to pay the expenses set forth in their 14-week budget, subject to a 25% variance. This authorization will terminate upon the dismissal or conversion of the Debtors' Chapter 11 cases, the appointment of a bankruptcy trustee or the Debtors' failure to perform their obligations under the third interim order. The Debtors intend to use funds generated from their accounts receivable and business income, which constitute the cash collateral of East West Bank, the U.S. Small Business Administration and merchant cash advance creditors. As adequate protection for the use of their cash collateral, these secured creditors will be granted replacement liens on the Debtors' personal property to the same extent and priority as their pre-bankruptcy liens. These liens do not apply to any Chapter 5 causes of action. In case the replacement liens prove inadequate, the secured creditors will have superpriority claims under Setion507(b) of the Bankruptcy Code. The next hearing is scheduled for August 12, with objections due by August 5. About Thunder International Group Inc. Thunder International Group, Inc. is a fifth-party logistics (5PL) provider specializing in omni-channel logistics solutions for commerce and e-commerce sellers. It operates nine warehouses across six U.S. states, offering services including nationwide fulfillment, drop shipping, air and ocean freight, global shipping, industrial inspection and maintenance, bonded zones, reverse logistics, and cross-border e-commerce branding. Thunder International Group sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 25-15229) on May 15, 2025, listing up to $10 million in both assets and liabilities. Mingming Wang, secretary, signed the petition. Judge John K. Sherwood oversees the case. White and Williams, LLP represents the Debtor as legal counsel. TOG HOTELS: Court Extends Cash Collateral Access to Sept. 30 ------------------------------------------------------------ Tog Hotels Downtown Dallas, LLC received another extension from the U.S. Bankruptcy Court for the Northern District of Texas to use the cash collateral of Wilmington Trust, National Association. The lender's cash collateral consists of cash held by the Debtor in a deposit account at Wells Fargo Bank, National Association. All rents from the Crowne Plaza Dallas Downtown hotel, which is operated by the Debtor, were deposited into the account. The sixth interim order signed by Judge Scott Everett authorized the Debtor to use the lender's cash collateral through September 30 to pay the operational expenses set forth in its budget, with a 10% variance allowed. The budget projects total operational expenses of $896,162.39 for July; $782,953.22 for August; and $817,938.20 for September. The Debtor's authority to use cash collateral expires immediately upon its failure to cure an event of default. Events of default include failure to comply with the sixth interim order; the dismissal or conversion of the Debtor's Chapter 11 case; appointment of a bankruptcy trustee or examiner; and the termination of the Debtor's authority to conduct business. As adequate protection, Wilmington Trust will be granted a replacement lien on its pre-bankruptcy collateral and on property acquired by the Debtor after its Chapter 11 filing. The lender will be granted a superpriority claim in case the replacement lien is not enough to protect its interest in the pre-bankruptcy collateral. Wilmington Trust will receive payment of $139,496.55 this month as additional protection. Any final hearing is continued until further notice and agreement between Lender and Debtor. About TOG Hotels Downtown TOG Hotels Downtown, LLC operates the Crowne Plaza Dallas Downtown hotel, located at 1015 Elm Street in Dallas, Texas. TOG Hotels Downtown filed Chapter 11 petition (Bankr. N.D. Texas Case No. 25-30600) on February 20, 2025. In its petition, the Debtor reported between $10 million and $50 million in both assets and liabilities. Judge Scott W. Everett handles the case. Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC is the Debtor's bankruptcy counsel. Wilmington Trust, National Association, as lender, is represented by: P. Kyle Cheves, Esq. Polsinelli, PC 2950 N. Harwood Street, Suite 2100 Dallas, TX 75201 Phone: (214) 661-5514 Fax: (214) 481-1872 kcheves@polsinelli.com -- and -- David D. Ferguson, Esq. Polsinelli, PC 900 W. 48th Place, Suite 900 Kansas City, Missouri 64112 Phone: 816-753-1000 Fax: 816-753-1536 dferguson@polsinelli.com TOMATLAN INC: Case Summary & 15 Unsecured Creditors --------------------------------------------------- Debtor: Tomatlan, Inc. d/b/a Rio Tomatlan 106 Bemis Street Canandaigua, NY 14424 Business Description: Tomatlan Inc. operates Rio Tomatlan, a Mexican restaurant in Canandaigua, New York. The Company specializes in Pacific Coast Mexican cuisine made from scratch using locally sourced, seasonal ingredients. It also offers catering services and private event hosting. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court Western District of New York Case No.: 25-20547 Debtor's Counsel: Robert B. Gleichenhaus, Esq. GLEICHENHAUS, MARCHESE & WEISHAAR, P.C. 930 Convention Tower 43 Court Street Buffalo, NY 14202 Tel: (716) 845-6446 Fax: (716) 845-6475 Total Assets: $54,732 Total Liabilities: $1,101,411 Juan R. Guevara signed the petition as president and sole shareholder. A full-text copy of the petition, which includes a list of the Debtor's 15 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/O4IQOTY/Tomatlan_Inc__nywbke-25-20547__0001.0.pdf?mcid=tGE4TAMA TOR WELLNESS: Hires Kutner Brinen Dickey Riley as Legal Counsel --------------------------------------------------------------- TOR Wellness LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to hire Kutner Brinen Dickey Riley, P.C. to serve as legal counsel in its Chapter 11 case. Kutner Brinen will provide these services: (a) provide the Debtor with legal advice with respect to its powers and duties; (b) aid the Debtor in the development of a plan of reorganization under Chapter 11; (c) file the necessary petitions, pleadings, reports, and actions required in the continued administration of the Debtor's property under Chapter 11; (d) take actions to enjoin and stay continuation and commencement of proceedings as provided under 11 U.S.C. Sec. 362; and (e) perform all other legal services necessary in the case. Kutner Brinen Dickey Riley, P.C. attorneys will be compensated at these customary hourly rates: Jeffrey S. Brinen -- $540 Jonathan M. Dickey -- $400 Keri L. Riley -- $390 The firm received a pre-petition retainer of $10,000 from Ryan Consulting, LLC, with $6,819 remaining on the Petition Date. Kutner Brinen Dickey Riley, P.C. is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Keri L. Riley, Esq. KUTNER BRINEN DICKEY RILEY, P.C. 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2910 E-mail: klr@kutnerlaw.com About TOR Wellness Two LLC TOR Wellness Two LLC, operating as 100% Chiropractic, is a chiropractic and wellness services provider in Colorado Springs. TOR Wellness Two LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-14430) on July 16, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $500,000 and $1 million. Honorable Bankruptcy Judge Thomas B. Mcnamara handles the case. The Debtors are represented by Keri L. Riley, Esq. at Kutner Brinen Dickey Riley, P.C. TRIPLETT FUNERAL: Court Extends Cash Collateral Access to Aug. 31 ----------------------------------------------------------------- Robert Eggmann, the Chapter 11 trustee for Triplett Funeral Homes, LLC, received another extension from the U.S. Bankruptcy Court for the Eastern District of Missouri to use cash collateral. The court's third interim order extended the Debtor's authority to use cash collateral through August 31 to fund the operation of its business pursuant to its budget. The budget projects total operational expenses of $57,367.84 for July. As adequate protection from any diminution in value of its interests, Ready Capital Lending, LLC will be granted first-priority replacement liens on the same pre-petition collateral. The replacement liens do not apply to any Chapter 5 causes of action and are subject to a $50,000 carveout for certain fees. A final hearing is scheduled for August 14. Objections must be filed by August 7. Ready Capital Lending is owed over $2.3 million across two SBA-guaranteed loans secured by real estate, business assets, and vehicles. The lender has a lien on the Debtor's cash collateral, which consists of cash generated from its continued business operations and accounts receivable collections. About Triplett Funeral Homes Triplett Funeral Homes, LLC, a company in Kahoka, Mo., is a locally owned and operated funeral service provider dedicated to offering compassionate services and personalized care to families during their time of need. Triplett Funeral Homes sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Miss. Case No. 25-20049) on March 27, 2025. In its petition, the Debtor reported between $1 million and $10 million in both assets and liabilities. Judge Kathy A. Surratt-States oversees the case. The Debtor is represented by Fredrich J. Cruse, Esq., at Cruse Chaney-Faughn. Robert E. Eggmann is the Debtor's Chapter 11 trustee. TRUGREEN LP: Credit Suisse Marks $600,000 Loan at 21% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $600,000 loan extended to TruGreen LP to market at $471,000 or 79% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to TruGreen LP. The loan accrues interest at a rate of 13% per annum. The loan matures November 2, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About TruGreen LP TruGreen provides lawn care services. The Company offers healthy lawn analysis, fertilization, tree and shrub care, weed control, insect control, and other related services. U-TELCO UTILITIES: Court Extends Cash Collateral Access to Aug. 21 ------------------------------------------------------------------ U-Telco Utilities, Inc. received fourth interim approval from the U.S. Bankruptcy Court for the Northern District of New York to use cash collateral. The fourth interim order penned by Judge Wendy Kinsella authorized the Debtor to use cash collateral until August 21 in accordance with its budget. U-Telco projects total operational expenses of $76,135.62 from March to August. The Debtor's secured creditors will be granted rollover liens on and security interests in all collateral in which such creditors hold liens and security interests pursuant to their existing loan documents with the Debtor. In addition, the court approved the Debtor's monthly payments of $2,197.93 to Sumitomo Mitsui Finance and Leasing Company, starting June 27; and $990.06 to Ford Motor Credit Company, LLC for a 2022 Ford F550, starting July 24 until the effective date of a Subchapter V plan. The next hearing is scheduled for August 21. About U-Telco Utilities Inc. U-Telco Utilities Inc. specializes in the rental of commercial and industrial machinery and equipment, including heavy construction machinery such as dozers, excavators, and compact track loaders. It provides a diverse range of equipment for construction and mining operations, offering machinery for rent to support grading, excavation, and material screening projects. U-Telco Utilities Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D.N.Y. Case No. 25-30126) on February 25, 2025. In its petition, the Debtor reported total assets of $544,250 and total liabilities of $1,184,527. Judge Wendy A. Kinsella handles the case. The Debtor is represented by: Peter Alan Orville, Esq. Orville & Mcdonald Law, PC Tel: 607-770-1007 Email: peteropc@gmail.com UTICA TOWNSHIP: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Lead Debtor: Utica Township Volunteer Fire Fighters Association 25-90840 d/b/a New Chapel Emergency Medical Service d/b/a Phoenix Ambulance 511 Little League Blvd., Suite C Clarksville, IN 47129 Business Description: The Utica Township Volunteer Fire Fighters Association is a nonprofit organization based in Clarksville, Indiana, providing volunteer fire protection and emergency services for Utica Township and surrounding areas. Chapter 11 Petition Date: July 22, 2025 Court: United States Bankruptcy Court Southern District of Indiana Two affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Utica Township Volunteer Fire Fighters Association 25-90840 Utica Township Fire Department Incorporated 25-90841 Judge: Hon. Andrea K McCord Debtors' Counsel: William P. Harbison, Esq. SEILLER WATERMAN LLC Meidinger Tower - 22nd Floor 462 S. 4th Street Louisville, KY 40202 Tel: 502-584-7400 Fax: 502-583-2100 Email: harbison@derbycitylaw.com Utica Township Volunteer Fire Fighters Association' Total Assets: $3,023,088 Utica Township Volunteer Fire Fighters Association' Total Liabilities: $1,076,837 Utica Township Fire Department Incorporated's Total Assets: $1,073,589 Utica Township Fire Department Incorporated's Total Liabilities: $643,147 The petitions were signed by Matthew C. Owen as president of Board of Directors of Utica Township Volunteer Fire Fighters Association and CEO of Utica Township Fire Department Incorporated. Full-text copies of the petitions are available for free on PacerMonitor at: https://www.pacermonitor.com/view/VINKNWQ/Utica_Township_Volunteer_Fire__insbke-25-90840__0001.0.pdf?mcid=tGE4TAMA https://www.pacermonitor.com/view/2UTC6IA/Utica_Township_Fire_Department__insbke-25-90841__0001.0.pdf?mcid=tGE4TAMA VITAL PHARMA: Judge Puts Clamps on Founder's Vexatious Filings -------------------------------------------------------------- Judge Peter D. Russin of the United States Bankruptcy Court for the Southern District of Florida denied the following motions filed by John H. Owoc in the bankruptcy case of Vital Pharmaceuticals, Inc.: (i) Second Emergency Motion to Disqualify Judge Peter D. Russin for Bias, Abuse of Authority, and Violation of Constitutional and Ethical Duties; and (ii) Emergency Motion to Vacate Order Mr. Owoc -- joined at times by his wife, Megan E. Owoc -- has engaged in a campaign of litigation that has long since ceased to serve any constructive purpose. This includes filing 26 frivolous motions, coupled with threatening and inflammatory behavior at hearings. In a series of orders, this Court has addressed -- patiently and at length -- the many accusations and grievances raised by the Owocs. In doing so, the Court has repeatedly explained why their claims are legally and factually unfounded, has denied their motions on the merits, and has warned -- clearly and repeatedly -- that continued misuse of the process would not be tolerated. Despite those warnings, the filings have continued. The Court's prior orders have already found that this pattern of filings is frivolous, vexatious, and an abuse of the judicial process. Motion to Disqualify This is Mr. Owoc's seventh motion to recuse, each advancing the same core allegations of bias, impropriety, and retaliation, none of which have ever been substantiated by fact or law. According to Judge Russin, "The latest motion does not raise any new legal or factual grounds that were not already addressed and rejected in the Court's Prior Orders Denying Recusal. As those Orders have already stated, adverse rulings, firm case management, and the enforcement of lawful orders do not constitute bias. Filing a lawsuit against the presiding judge does not, by itself, create a basis for disqualification." The Court finds that the motion merely rehashes arguments already considered and rejected, and it underscores -- rather than undermines -- the prior findings of vexatiousness. Accordingly, the Motion to Disqualify is denied. Motion to Vacate The Motion to Vacate challenges the Court's prior order requiring Mr. Owoc to provide login credentials for his company-issued computer and authorizing the removal of estate property from that device. Mr. Owoc was provided ample opportunity to retain his personal property and data -- including the return of his data on a hard drive and the computer hardware -- by complying with the reasonable and lawful procedures established by this Court. Instead, he chose to disregard those procedures and persist in his campaign of baseless filings. The Court finds that the Motion to Vacate merely continues the pattern of vexatious litigation already documented in the Court's prior orders, and it provides yet another basis to conclude that the Movants' conduct cannot continue unchecked. Accordingly, the Motion to Vacate is denied. Effective immediately, the Owocs are enjoined from filing any further motions, pleadings, or papers in this Chapter 11 case, without first obtaining leave of Court. To seek leave, the Owocs must file a written request titled "Request for Leave to File," attach the proposed filing, and certify under penalty of perjury that the proposed filing is made in good faith, is not repetitive of prior arguments, and is not intended to harass any party or to burden the Court. A copy of the Court's Order dated July 17, 2025, is available at https://urlcurt.com/u?l=B5pHY4 from PacerMonitor.com. About Vital Pharmaceuticals Since 1993, Florida-based Vital Pharmaceuticals, Inc., doing business as Bang Energy and as VPX Sports, has developed performance beverages, supplements, and workout products to fuel high-energy lifestyles. VPX Sports is the maker of Bang energy drinks, among other consumer products. Vital Pharmaceuticals, Inc., along with certain of its domestic subsidiaries and affiliates, filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Lead Case No. 22-17842) on Oct. 10, 2022. VPX estimated $500 million to $1 billion in assets and liabilities as of the bankruptcy filing. The case was originally assigned to the Hon. Scott M. Grossman. The Hon. Peter D. Russin later took over as case judge. The Debtors tapped Latham & Watkins, LLP as general bankruptcy counsel; Berger Singerman, LLP as local counsel; Haynes and Boone, LLP and Faulkner ADR Law, PLLC as special counsels; Huron Consulting Group, Inc., as CTO services provider; and Rothschild & Co US, Inc., as investment banker; and Grant Thornton, LLP, as financial advisor. Stretto, Inc., is the notice, claims and solicitation agent. The U.S. Trustee for Region 21 appointed an official committee of unsecured creditors on Nov. 1, 2022. The committee tapped Lowenstein Sandler, LLP as general bankruptcy counsel; Sequor Law, P.A., as local counsel; and Lincoln Partners Advisors, LLC, as financial advisor. A plan was confirmed in the case in November 2023. WAG! GROUP: Gets Court Okay for Speedy Bankruptcy Exit ------------------------------------------------------ Georgia Hall and Steven Church of Bloomberg News report that dog-walking service Wag! Group Co. received court approval to pursue a fast-tracked bankruptcy plan that would cut its debt and transfer control to senior lender Retriever LLC as soon as August 2025. According to court filings, the company secured creditor support before filing for Chapter 11 on Monday, July 21, 2025. The prepackaged bankruptcy allows Wag! to negotiate a reorganization plan, obtain necessary financing, and gain creditor approval ahead of the filing, enabling a quicker-than-usual path through the bankruptcy process. About Wag! Group Co. Wag! Group Co. is a San Francisco-based digital platform that connects pet owners with dog walkers, sitters, and various pet care professionals. Wag! Group and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11358) on July 21, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by Young Conaway Stargatt & Taylor, LLP. It also sought the legal services of Latham & Watkins, LLP, Nixon Peabody, and Littler Mendelson P.C. WAG! GROUP: Wins Interim OK to Obtain DIP Loan From Retriever ------------------------------------------------------------- Wag! Group Co. and affiliates received interim approval from the U.S. Bankruptcy Court for the District of Delaware to obtain debtor-in-possession financing to get through bankruptcy. The interim order signed by Judge Thomas Horan authorized the Debtors to obtain an initial $4 million from Retriever LLC, which has committed to provide up to $6.5 million in senior, superpriority term loans to maintain liquidity during the restructuring. The financing supports a proposed prepackaged Chapter 11 plan, already unanimously accepted by voting creditors. Retriever, as the pre-bankruptcy secured creditor, has consented to both the DIP financing and continued use of its collateral, seeing it as essential to the plan's effectiveness. The DIP facility will also convert to exit financing upon the Debtors' emergence. The DIP facility is due on the earliest of: (a) September 15; (b) the effective date of any Chapter 11 plan with respect to the borrowers; (c) the date of the acceleration of the loans and the termination of the commitments following the occurrence and during the continuation of an event of default in accordance with the DIP credit agreement; (d) dismissal of these Chapter 11 cases or conversion of these cases into cases under Chapter 7 of the Bankruptcy Code; and (e) 28 days after the petition date (or such later date as agreed to by the lender), unless the final order has been entered by the Bankruptcy Court on or prior to such date. The Debtors are required to comply with these milestones: 1. On or before July 25, the court must have entered the interim order. 2. On or before July 25, the court must have entered an order approving the solicitation procedures. 3. On or before August 29, the court must have entered a final order approving confirmation of an approved plan of substantially all of the borrowers' assets. Without access to this liquidity, the Debtors warn they lack sufficient funds, either in unencumbered cash or operating cash flow, to cover ongoing expenses and implement their plan. Denial of financing would irreparably harm their business continuity, possibly derailing the prepackaged restructuring. The Debtors' senior secured term loan was initiated in August 2022 via a financing agreement with Blue Torch Finance (later transferred to Retriever and administered by Alter Domus). The Debtors borrowed $32.2 million secured by a first-priority lien on nearly all of their assets. As of July 2025, approximately $16.3 million remains outstanding, plus accrued interest, fees, and costs. This loan carries interest at SOFR + 10% or reference rate + 9%, at the Debtors' election. In early 2025, liquidity covenants were breached; the minimum required liquidity temporarily lowered from $5 million to $4.5 million (First Amendment, April 2025), and later to $1 million (Third Amendment, July 2025), with waivers granted for these covenant breaches. Under the CARES Act, the Debtors received approximately $5.1 million on August 5, 2020, of which $3.5 million was forgiven. The remaining balance, about $40,000, is still outstanding as of the petition date and matures August 5, 2025, bearing 1% fixed interest, paid monthly. The Debtors' records also reflect approximately $7 million in non-contingent, undisputed, liquidated unsecured obligations to vendors, tax authorities, insurers, employees, and other service providers. DIP Liens To secure the Debtors' obligations under the DIP financing, Retriever was granted, on an interim basis, continuing, valid, binding, enforceable, non-avoidable, and automatically and properly perfected security interests in and liens on the collateral securing the DIP financing. The DIP liens granted to the lender include (i) first-priority senior priming liens on and security interests in all assets of the Debtors that are subject to pre-bankruptcy liens; (ii) first-priority liens on and security interests in unencumbered property; and (iii) liens on and security interests in all DIP collateral junior to certain other liens. Subject to the fee carveout, Retriever will receive allowed superpriority administrative expense claims as additional protection. Cash Collateral Use The court's interim order also authorized the Debtor to use cash collateral through the date Retriever declares the occurrence of so-called DIP termination event. As adequate protection for the use of their cash collateral, Retriever and the pre-bankruptcy secured lenders party to the 2022 financing agreement will have continuing valid, binding, enforceable and perfected post-petition replacement liens on the DIP collateral, subject and subordinated only to the fee carveout and the DIP liens. The bankruptcy court will hold a final hearing on August 8. The deadline for filing objections is on August 1. A copy of the interim DIP order is available at: http://bankrupt.com/misc/WagGroupCo_InterimDIPOrder.pdf About Wag! Group Co. Wag! Group Co. is a San Francisco-based digital platform that connects pet owners with dog walkers, sitters, and various pet care professionals. Wag! Group and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-11358) on July 21, 2025. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. The Debtor is represented by Young Conaway Stargatt & Taylor, LLP. It also sought the legal services of Latham & Watkins, LLP, Nixon Peabody, and Littler Mendelson P.C. WATER'S EDGE: Taps Newmark as Commercial Real Estate Consultant --------------------------------------------------------------- Water's Edge Limited Partnership seeks approval from the U.S. Bankruptcy Court for the District of Massachusetts to retain Newmark Real Estate of Massachusetts, LLC as its commercial real estate consultant in its Chapter 11 case. Newmark will provide these services: (a) inspect the Debtor's property; (b) review the Debtor's available due diligence materials, assist the Debtor with obtaining additional necessary information, and manage access by interested parties to the information; (c) analyze the market for the Property; (d) prepare extensive marketing materials; and (e) design and implement a strategic sale and/or refinancing plan for some or all of the Property tailored to the Property. Newmark will be entitled to: — a 1% commission on the gross sales price, payable only upon a successful sale; — a 0.75% commission on the amount of any financing commitment, payable only upon a successful financing closing; and — reimbursement of advertising and promotional expenses not to exceed $10,000. Newmark Real Estate of Massachusetts, LLC is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code, according to court filings. About Water's Edge Limited Partnership Water's Edge Limited Partnership is primarily engaged in renting and leasing real estate properties. Water's Edge Limited Partnership sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 24-12445) on Dec. 5, 2024. In the petition filed by Evelyn M. Carabetta, authorized representative, the Debtor estimated assets and liabilities between $10 million and $50 million. Bankruptcy Judge Christopher J. Panos handles the case. The Debtor tapped David Frye, Esq., at Russo, Frye & Associates, LLP as counsel and Verdolino & Lowey, PC as financial advisor. WELLPATH HOLDINGS: Court Tosses Perez Civil Rights Claim -------------------------------------------------------- Judge John R. Padova of the United States District Court for the Eastern District of Pennsylvania dismissed without prejudice Alfredo Perez-Martinez's claim against Wellpath in the case captioned as ALFREDO PEREZ-MARTINEZ, Plaintiff, v. THE COUNTY OF UNION PENNA, et al., Defendants, Case No. 24-cv-05017-JP (M.D. Pa.). Plaintiff Alfredo Perez-Martinez commenced this pro se action in September 2024 alleging that his civil rights were violated while he was housed at SCI Chester due to inadequate medical care. Named as Defendants are: The County of Union Penna, Superintendent Gina Clark, Dr. Little, Mrs. Favoloro, SCI Chester, SCI Chester Medical Department, and Wellpath. By Order dated Feb. 19, 2025, the Court took judicial notice of the filing of a voluntary petition for relief pursuant to Chapter 11 of the Bankruptcy Code by Wellpath Holdings, Inc. in the United States Bankruptcy Court for the Southern District of Texas, Houston Division, and the Orders of the Bankruptcy Court enforcing the automatic stay under 11 U.S.C. Sec. 362(a), because it appeared that Perez named a Defendant that was covered by the automatic stay. In accordance with the automatic stay and consistent with the Court's inherent power to manage its docket, the Court stayed this matter. In light of the subsequent Confirmation of the Plan of Reorganization under Chapter 11 of the Bankruptcy Code filed by Wellpath Holdings, Inc., the stay was lifted by Order dated May 21, 2025. Perez's application to proceed in forma pauperis was granted at that time. Perez asserts constitutional claims pursuant to 42 U.S.C. Sec. 1983. Perez's claims are best construed as alleging that he was denied medical care in violation of his Eighth Amendment rights. However, the Court finds claims are not plausible as pled. To plead a Sec. 1983 claim against a medical contractor who provides medical services at a prison such as Wellpath, a plaintiff must satisfy the standards for alleging municipal liability, which requires him to allege that the contractor's policy or custom caused the violation of his constitutional rights. Perez lists Wellpath as a Defendant in the caption of the Complaint but presents no allegations against it. He may not base Sec. 1983 claims against Wellpath solely on the fact that it employs individuals who allegedly failed to treat him. Nothing in Perez's Complaint suggests that the conduct of which he complains was caused by a policy or custom, or deliberate indifference otherwise attributable to Wellpath. Accordingly, Perez has failed to state a plausible deliberate indifference claim against Wellpath, and the claim against Wellpath will be dismissed. While the claim against Wellpath will be dismissed without prejudice, Perez will not be given leave to amend the claim in this court. This Court is not the proper forum for Perez to pursue his claims against Wellpath, which was discharged from liability by the United States Bankruptcy Court for the Southern District of Texas, Houston Division, for claims that arose prior to Nov. 11, 2024. The Court ruled as follows: Perez's claims against The County of Union, Penna, SCI Chester, and SCI Chester Medical Department will be dismissed with prejudice pursuant to 28 U.S.C. Sec. 1915(e)(2)(B)(ii) for failure to state a claim. He will not be given leave to amend these claims because the Court concludes that amendment would be futile. The claim against Wellpath will be dismissed without prejudice pursuant to 28 U.S.C. Sec. 1915(e)(2)(B)(ii) for failure to state a claim. Leave to amend this claim will not be given. To the extent Perez seeks to pursue a claim against Wellpath, he must do so in accordance with the procedures of the United States Bankruptcy Court for the Southern District of Texas, Houston Division. All other claims will be dismissed without prejudice pursuant to 28 U.S.C. Sec. 1915(e)(2)(B)(ii) for failure to state a claim. Perez will be given an opportunity to correct the defects in his claims by filing an amended complaint. Any amended complaint must clearly describe the factual basis for his claims and how the defendant was personally involved in the alleged denial of Perez's rights. Perez may not reassert a claim against Wellpath or a claim that has already been dismissed with prejudice. A copy of the Court's Order dated July 17, 2025, is available at https://urlcurt.com/u?l=e8D6oR About Wellpath Holdings Wellpath Holdings, Inc., formerly known as CCS-CMGC Holdings, Inc., is a provider of medical and mental healthcare in jails, prisons, and inpatient and residential treatment facilities. Wellpath Holdings and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 24-90533) on Nov. 11, 2024. Timothy Dragelin, chief restructuring officer and chief financial officer, signed the petitions. At the time of the filing, the Debtors reported $1 billion to $10 billion in assets and liabilities. Judge Alfredo R. Perez oversees the cases. The Debtors tapped Marcus A. Helt, Esq., at McDermott Will & Emery, LLP, as bankruptcy counsel; FTI Consulting, Inc., as financial advisor; and Lazard Freres & Co., LLC and MTS Partners, LP as investment banker. WELTY SERVICES: Gets OK to Use Cash Collateral Until Aug. 21 ------------------------------------------------------------ Welty Services, LLC got the green light from the U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, to use cash collateral to fund operations. The court's order authorized the Debtor's interim use of cash collateral pursuant to its budget through August 21, when a final hearing will be held. The Debtor may vary from the budget, on an item-by-item basis, by as much as 15% weekly for any item where spending is forecast at $2,000 or less for the week and by as much as 10% weekly for any item where spending is forecast to be more than $2,000 for the week. If its actual gross revenues exceed its projected revenues, then the Debtor may apply up to 75% of the excess revenues to its costs of goods and apply up to 25% of such excess to overhead expenses. Should the Debtor need to vary any further from the budget, it may obtain consent from the U.S. Small Business Administration. The SBA and another secured creditor, Northpoint Commercial Finance, are adequately protected by the cash collateral on hand, by the operation of the Debtor's businesses and by virtue of their pre-bankruptcy liens on various collateral, according to the interim order. As of the petition date, the Debtor's cash collateral included monies in the bank of approximately $5,630 and receivables of approximately $87,411. The assets listed in the Debtor's filed schedules are valued at $2.5 million. About Welty Services LLC Welty Services, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-80315) on July 10, 2025, listing between $1 million and $10 million in assets and liabilities. The petition was signed by Donnie Welty Jr. as managing member. Judge Alfredo R. Perez oversees the case. The Debtor is represented by: Genevieve Marie Graham, Esq. Genevieve Graham Law, PLLC Tel: 832-367-5705 ggraham@graham-pllc.com -- and -- Steven Robert Fox, Esq. Attorney At Law Tel: 818-774-3545 emails@foxlaw.com WEST BRAZOS: Gets Interim OK to Use Cash Collateral --------------------------------------------------- West Brazos Stewart Food Markets, LLC and its affiliates got the green light from the U.S. Bankruptcy Court for the Southern District of Texas, Galveston Division, to use cash collateral. The court's order authorized the Debtors' interim use of cash collateral solely in the amounts and solely for the purposes set forth in its budget. As adequate protection, Prime Alliance Bank, Inc. and SouthStar Bank, the Debtors' pre-bankruptcy lender, will receive replacement liens on and post-petition security interests in all current and future assets of the Debtors, subject to the carveout for certain fees. The replacement liens are automatically perfected and maintain the same priority as pre-bankruptcy liens. These liens The final hearing is scheduled for August 12. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/VqVSd from PacerMonitor.com. SouthStar Bank, as pre-bankruptcy lender, is represented by: Eric D. Sherer, Esq. Sherer & Associates, PLLC Attorneys at Law 18756 Stone Oak Parkway, Suite 200 San Antonio, TX 78258 Phone: (210) 696-6645 Fax: (866) 305-5823 esherer@sherer.legal Prime Alliance Bank, as secured creditor, is represented by: Justin M. Mertz, Esq. Michael Best & Friedrich, LLP 790 N. Water Street, Suite 2500 Milwaukee, WI 53202 Phone: 414.271.6560 / 414.225.4972 jmmertz@michaelbest.com About West Brazos Stewart Food Markets LLC West Brazos Stewart Food Markets, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 25-80317) on July 11, 2025, listing between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. Judge Alfredo R. Perez oversees the case. Genevieve Marie Graham, Esq., at Genevieve Graham Law, PLLC is the Debtor's legal counsel. WHITEHALL PHARMACY: Case Summary & Eight Unsecured Creditors ------------------------------------------------------------ Debtor: Whitehall Pharmacy LLC Doctor's Orders Pharmacy 205 E. 2nd Avenue Pine Bluff, Arkansas 71601 Business Description: Whitehall Pharmacy LLC, doing business as Doctor's Orders Pharmacy, operates six full -service pharmacies in Pine Bluff, White Hall, Star City, and Hensley, Arkansas. The Company provides retail pharmacy services, including medication synchronization, delivery, immunizations, and medication therapy management. It also offers long- term care services for patients and facilities requiring ongoing, coordinated medication support, as well as multi-dose pill packaging to assist with adherence. Chapter 11 Petition Date: July 21, 2025 Court: United States Bankruptcy Court Eastern District of Arkansas Case No.: 25-12406 Judge: Hon. Phyllis M Jones Debtor's Counsel: Charles Darwin Davidson, Sr., Esq. DAVIDSON LAW FIRM 724 Garland Street Little Rock Arkansas 72201 Tel: 501-374-9977 Email: skipd@dlf-ar.com Total Assets: $4,714,218 Total Liabilities: $7,403,754 The petition was signed by Floyd Lelan Stice as sole owner. 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/PO2NNXA/Whitehall_Pharmacy_LLC__arebke-25-12406__0001.0.pdf?mcid=tGE4TAMA WHITESTONE CROSSING: Gets OK to Use Cash Collateral Until Aug. 10 ----------------------------------------------------------------- The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division granted Whitestone Crossing Austin, LLC interim approval to use cash collateral through August 10. The interim order authorized the Debtor to use cash collateral for purposes set forth in its budget including payment of expenses, plus overage variances that do not exceed 5% on any individual line item or 5% in total. The order is effective until August 10; the Debtor's bankruptcy case is dismissed or converted; an event of default occurs that is left uncured; or a motion is filed seeking use of collateral without the consent of noteholder, LFT CRE 2021-FL1, Ltd. To protect LFT's security interest in the collateral, the noteholder will be granted replacement liens. These are automatically perfected liens on all of the Debtor's assets (including new debtor‑in‑possession bank accounts) and the proceeds thereof, with the same priority, validity and extent as the pre-bankruptcy liens held on the Debtor's assets. If the replacement liens do not fully protect the noteholder's interest in the cash collateral, the noteholder will have superpriority administrative expense claims under Section 507(b) of the Bankruptcy Code. The next hearing is scheduled for August 5. The Debtor owns and operates an apartment building in Cedar Park, Texas. In April 2021, the Debtor borrowed a principal amount of $17 million from LFT. The loan is secured by the Debtor's assets, including the property and the rental income generated therefrom. About Whitestone Crossing Austin Whitestone Crossing Austin, LLC operates Whitestone Crossing, an apartment community located in Cedar Park, Texas. The property offers one- and two-bedroom units featuring modern amenities such as nine-foot ceilings, fiber-ready internet, and in-home washers and dryers. The community also provides facilities including a swimming pool, clubhouse, and fitness center. Whitestone Crossing Austin sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-31768) on May 12, 2025. In its petition, the Debtor reported estimated assets and liabilities between $10 million and $50 million. Judge Stacey G. Jernigan handles the case. The Debtor is represented by Abhijit Modak, Esq., at Abhijit Modak, Attorney at Law. LFT CRE 2021-FL1, Ltd., acting through Lument Real Estate Capital, is represented by: Brent McIlwain, Esq. Christopher A. Bailey, Esq. Holland & Knight, LLP 1722 Routh Street, Suite 1500 Dallas, TX 75201 Telephone: 214.969.1700 brent.mcilwain@hklaw.com chris.bailey@hklaw.com WOOF HOLDINGS: Credit Suisse Marks $1.5MM Loan at 64% Off --------------------------------------------------------- Credit Suisse High Yield Bond Fund has marked its $1,500,000 loan extended to WOOF Holdings, Inc. to market at $534,690 or 36% of the outstanding amount, according to Credit Suisse's Form N-CSR for the fiscal year ended April 30, 2025, filed with the U.S. Securities and Exchange Commission. Credit Suisse is a participant in a Loan to WOOF Holdings, Inc. The loan accrues interest at a rate of 11.6% per annum. The loan matures December 21, 2028. Credit Suisse is a business trust organized under the laws of the State of Delaware on April 30, 1998. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940. The Fund's principal investment objective is to seek high current income. The Fund also will seek capital appreciation as a secondary objective, to the extent consistent with its objective of seeking high current income. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. Credit Suisse is led by Omar Tariq as Chief Executive Officer and President and Rose Ann Bubloski as Chief Financial Officer and Treasurer. The Fund can be reach through: Omar Tariq Credit Suisse High Yield Bond Fund Eleven Madison Avenue, New York, NY 10010 Telephone: (212) 325-2000 About WOOF Holdings, Inc. Headquartered in Tewksbury, Massachusetts, Woof Holdings, Inc., through its acquisition of The Wellness Pet Food Holdings Company, Inc., is a manufacturer of premium pet food and treats, mainly in North America. YOUR MAJESTIC: Court Extends Cash Collateral Access to Sept. 30 --------------------------------------------------------------- Your Majestic Maid, LLC received another extension from the U.S. Bankruptcy Court for the District of Arizona to use cash collateral. The court's order authorized the Debtor to use cash collateral from July 11 to September 30 for expenses listed in its monthly budget, with up to 10% variance. The budget projects total operational expenses of $62,715.09 for July; $87,185.09 for August; and $62,715.09 for September. Bankers Healthcare Group, LLC, a secured creditor, will receive replacement liens on the Debtor's post-petition assets, including cash and receivables, to the same extent, validity, and priority up to the value of any depreciation in the value of such creditor's security interest on the petition date arising from the Debtor's use of cash collateral. In addition, Bankers Healthcare Group and two other secured creditors will receive monthly payments as adequate protection: Bankers Healthcare Group $810.00 Ford Motor Credit (Acct x6302) $262.87 Ford Motor Credit (Acct x4107) $262.87 Ford Motor Credit (Acct x4408) $263.30 Ally Bank $1,112.05 About Your Majestic Maid Your Majestic Maid, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-05019) on June 2, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Madeleine C. Wanslee presides over the case. The Debtor is represented by: Ronald J. Ellett, Esq. Ellett Law Offices, P.C. Tel: 602-235-9510 rjellett@ellettlaw.com ZILLA ELECTRIC: Hires Geri Lyons Chase as Legal Counsel ------------------------------------------------------- Zilla Electric LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to hire Geri Lyons Chase of the Law Office of Geri Lyons Chase to serve as legal counsel. Ms. Chase will provide these services: (a) give the Debtor and Debtor-in-Possession legal advice with respect to its powers and duties in these proceedings; (b) prepare on behalf of the Debtor and Debtor-in-Possession necessary complaints, applications, answers, orders, reports, schedules, statements of financial affairs, and other legal papers; (c) take the necessary steps to stay any action by creditors seeking liens, attachments, or other advantages by legal or nonjudicial process; (d) negotiate and prepare a Plan of Reorganization; and (e) perform all other legal services for the Debtor and Debtor-in-Possession which may be necessary herein. Ms. Chase will receive compensation at an hourly rate of $375. She was paid a prepetition retainer of $5,000, which included a filing fee of $1,736. According to court filings, Geri Lyons Chase is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached at: Geri Lyons Chase, Esq. Law Office of Geri Lyons Chase 2007 Tidewater Colony Drive, Suite 2B Annapolis, MD 21401 Telephone: (410) 573-9004 E-mail: gchase@glchaselaw.com About Zilla Electric LLC Zilla Electric LLC is an electrical contracting company based in Maryland. Zilla Electric LLC sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 25-16314) on July 11, 2025. In its petition, the Debtor reports estimated assets up to $50,000 and estimated liabilities between $100,000 and $500,000. Honorable Bankruptcy Judge Nancy V. Alquist handles the case. The Debtors are represented by Geri Lyons Chase, Esq. at Law Office Of Geri Lyons Chase. ZOLLEGE PBC: Saratoga Investment Marks $1.4MM 1L Loan at 26% Off ---------------------------------------------------------------- Saratoga Investment Corp. has marked its $1,461,250 loan extended to Zollege PBC to market at $1,078,695 or 74% of the outstanding amount, according to Saratoga's Form 10-Q for the fiscal year ended May 31, 2025, filed with the U.S. Securities and Exchange Commission. Saratoga is a participant in a First Lien Term Loan to Zollege PBC. The loan accrues interest at a rate of 4.84% PIK payment in kind per annum. The loan matures on August 9, 2027. Saratoga is a non-diversified closed end management investment company incorporated in Maryland that has elected to be treated and is regulated as a business development company under the Investment Company Act of 1940, as amended. The Company commenced operations on March 23, 2007 as GSC Investment Corp. and completed the initial public offering on March 28, 2007. The Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended. Saratoga is led by Christian L. Oberbeck, Founder and Chief Executive Officer; and Henri J. Steenkamp, Chief Financial Officer and Chief Compliance Officer. The Fund can be reach through: Christian L. Oberbeck Saratoga Investment Corp 35 Madison Avenue New York, NY 10022 Tel. No.: (212) 906-7800 About Zollege PBC Zollege PBC operates as a tech-enabled apprenticeship and education company that offers vocational training programs such as dental assistant, medical assistant, nurse, software developer, and cybersecurity specialist programs. [^] Recent Small-Dollar & Individual Chapter 11 Filings ------------------------------------------------------- In re Deborah L. Wilson Funeral Home, Inc. Bankr. E.D. Pa. Case No. 25-12823 Chapter 11 Petition filed July 15, 2025 See https://www.pacermonitor.com/view/JUUBKWA/DEBORAH_L_WILSON_FUNERAL_HOME__paebke-25-12823__0001.0.pdf?mcid=tGE4TAMA represented by: Maggie Soboleski, Esq. CENTER CITY LAW OFFICES, LLC E-mail: msoboles@yahoo.com In re Main Line Expo Inc. Bankr. E.D. Pa. Case No. 25-12825 Chapter 11 Petition filed July 15, 2025 See https://www.pacermonitor.com/view/OM57TZI/Main_Line_Expo_Inc__paebke-25-12825__0001.0.pdf?mcid=tGE4TAMA represented by: Musa A. Jan, Esq. LAW OFFICES OF MUSA JAN E-mail: musa@musajanlaw.com In re Keri Melton Hicks Bankr. N.D. Ala. Case No. 25-02070 Chapter 11 Petition filed July 16, 2025 represented by: Frederick Garfield, Esq. In re Lisa Hackett Bankr. C.D. Cal. Case No. 25-14808 Chapter 11 Petition filed July 16, 2025 represented by: Michael Totaro, Esq. In re Warm Corporation West Bankr. N.D. Cal. Case No. 25-10432 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/FJYOG7Q/Warm_Corporation_West__canbke-25-10432__0001.0.pdf?mcid=tGE4TAMA represented by: Chris Kuhner, Esq. KORNFIELD, NYBERG, BENDES, KUHNER & LITTLE P.C. E-mail: c.kuhner@kornfieldlaw.com In re Breanna Ryan and Seth Ryan Bankr. D. Colo. Case No. 25-14428 Chapter 11 Petition filed July 16, 2025 represented by: Keri Riley, Esq. KUTNER BRINEN DICKEY RILEY PC In re TOR Wellness Two, LLC Bankr. D. Colo. Case No. 25-14430 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/YR42XXA/TOR_Wellness_Two_LLC__cobke-25-14430__0001.0.pdf?mcid=tGE4TAMA represented by: Keri L. Riley, Esq. KUTNER BRINEN DICKEY RILEY E-mail: klr@kutnerlaw.com In re 3 Fifths Holdings, LLC Bankr. M.D. Fla. Case No. 25-01338 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/7BUDJSY/3_Fifths_Holdings_LLC__flmbke-25-01338__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Ronald H. Carpenter, Jr. Bankr. M.D. Fla. Case No. 25-04857 Chapter 11 Petition filed July 16, 2025 represented by: Kathleen DiSanto, Esq. In re ISAVA Enterprise, Inc d/b/a Ideal Spine and Wellness Bankr. M.D. Fla. Case No. 25-04399 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/H2BHTLY/ISAVA_Enterprise_Inc_dba_Ideal__flmbke-25-04399__0001.0.pdf?mcid=tGE4TAMA represented by: Justin M. Luna, Esq. LATHAM LUNA EDEN & BEAUDINE LLP E-mail: jluna@lathamluna.com In re Milestone LLC Bankr. N.D. Ill. Case No. 25-10757 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/MERK5NA/Milestone_LLC__ilnbke-25-10757__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Boston Trade Center Inc. Bankr. D. Mass. Case No. 25-11464 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/KAW5WBA/Boston_Trade_Center_Inc__mabke-25-11464__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Jorge L. Narvaez and Ana M. Narvaez Bankr. D.N.J. Case No. 25-17459 Chapter 11 Petition filed July 16, 2025 represented by: Steven Pertuz, Esq. In re 8830 172nd LLC Bankr. E.D.N.Y. Case No. 25-43377 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/4JGT3IQ/8830_172nd_LLC__nyebke-25-43377__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re 903 Realty NY LLC Bankr. E.D.N.Y. Case No. 25-43371 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/6I32ECY/903_Realty_NY_LLC__nyebke-25-43371__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Winston White, Jr. Bankr. E.D.N.Y. Case No. 25-43372 Chapter 11 Petition filed July 16, 2025 represented by: John Kim, Esq. In re New Chester Holdings, LP Bankr. E.D. Pa. Case No. 25-12839 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/Y23QKTY/New_Chester_Holdings_LP__paebke-25-12839__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Raul Antonio Perez Roman Bankr. D.P.R. Case No. 25-03201 Chapter 11 Petition filed July 16, 2025 represented by: Jesus Batista Sanchez, Esq. In re Michael Steadman Matthews Bankr. M.D. Tenn. Case No. 25-02934 Chapter 11 Petition filed July 16, 2025 represented by: Toni Parker, Esq. In re Core F&B PFV, LLC Bankr. N.D. Tex. Case No. 25-32655 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/JVCDTJY/Core_FB_PFV_LLC__txnbke-25-32655__0001.0.pdf?mcid=tGE4TAMA represented by: John Paul Stanford, Esq. QUILLING, SELANDER, LOWNDS, WINSLETT & MOSER, P.C. E-mail: jstanford@qslwm.com In re Ashanti Nicori Sturdivant Bankr. S.D. Tex. Case No. 25-34030 Chapter 11 Petition filed July 16, 2025 In re Coppedge Property Services LLC Bankr. E.D. Va. Case No. 25-50626 Chapter 11 Petition filed July 16, 2025 See https://www.pacermonitor.com/view/HM7BSTQ/Coppedge_Property_Services_LLC__vaebke-25-50626__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Ken Tan Tran and Tracy Phuong Tuyet Tran Bankr. D. Ariz. Case No. 25-06499 Chapter 11 Petition filed July 17, 2025 represented by: Randy Nussbaum, Esq. THE CAVANAGH LAW FIRM, P.A. In re Isidora Fridman Bankr. C.D. Cal. Case No. 25-11270 Chapter 11 Petition filed July 17, 2025 represented by: Stella Havkin, Esq. In re Matthew Cowley Cron Bankr. E.D. Cal. Case No. 25-23639 Chapter 11 Petition filed July 17, 2025 represented by: Judson H. Henry, Esq. In re Charles Barr Bankr. N.D. Cal. Case No. 25-30563 Chapter 11 Petition filed July 17, 2025 represented by: Leslie Cohen, Esq. In re Paul Stephan Bassett and Michelle Maria Bassett Bankr. W.D. Mo. Case No. 25-20315 Chapter 11 Petition filed July 17, 2025 represented by: Ryan Blay, Esq. WAGONER BANKRUPTCY GROUP, P.C. d.b.a. W M LAW In re PA Management, LLC Bankr. D. Nev. Case No. 25-14084 Chapter 11 Petition filed July 17, 2025 See https://www.pacermonitor.com/view/BQYME2Q/PA_MANAGEMENT_LLC__nvbke-25-14084__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Desi Flavors Deli Inc. Bankr. S.D.N.Y. Case No. 25-11582 Chapter 11 Petition filed July 17, 2025 See https://www.pacermonitor.com/view/X7L3XQI/Desi_Flavors_Deli_Inc__nysbke-25-11582__0001.0.pdf?mcid=tGE4TAMA represented by: Lila Ayers, Esq. LILA AYERS, ESQ. E-mail: lilaayerslaw@aol.com In re 1411 W. North Ave PA, LLC Bankr. W.D. Pa. Case No. 25-21864 Chapter 11 Petition filed July 17, 2025 See https://www.pacermonitor.com/view/LLIQW7Q/1411_W_North_Ave_PA_LLC__pawbke-25-21864__0001.0.pdf?mcid=tGE4TAMA represented by: Rodney D. Shepherd, Esq. LAW OFFICES OF RODNEY SHEPHERD E-mail: rodsheph@cs.com In re Tyler Van Hobbs Bankr. D. Ariz. Case No. 25-06550 Chapter 11 Petition filed July 18, 2025 represented by: Dale Schian, Esq. In re Vance Acevedo Bankr. D. Colo. Case No. 25-14488 Chapter 11 Petition filed July 18, 2025 In re Anthony Gerrit Euser and Margaret McDowell Euser Bankr. D. Colo. Case No. 25-14494 Chapter 11 Petition filed July 18, 2025 represented by: Andrew Johnson, Esq. ONSAGER | FLETCHER | JOHNSON | PALMER LLC In re Donald Ambroise Bankr. S.D. Fla. Case No. 25-18177 Chapter 11 Petition filed July 18, 2025 represented by: Chad Van Horn, Esq. In re Aja Wolfe Bankr. N.D. Ga. Case No. 25-58028 Chapter 11 Petition filed July 18, 2025 Filed Pro Se In re Plate Restaurant LLC Bankr. D. Kan. Case No. 25-20998 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/M7UGTCY/Plate_Restaurant_LLC__ksbke-25-20998__0001.0.pdf?mcid=tGE4TAMA represented by: George J Thomas, Esq. PHILLIPS & THOMAS LLC E-mail: geojthomas@gmail.com In re Plate Restaurant Leawood LLC Bankr. D. Kan. Case No. 25-20997 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/O72V43A/Plate_Restaurant_Leawood_LLC__ksbke-25-20997__0001.0.pdf?mcid=tGE4TAMA represented by: George J Thomas, Esq. PHILLIPS & THOMAS LLC E-mail: geojthomas@gmail.com In re Plate Restaurant Group LLC Bankr. D. Kan. Case No. 25-20996 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/IVF2VOI/Plate_Restaurant_Group_LLC__ksbke-25-20996__0001.0.pdf?mcid=tGE4TAMA represented by: George J Thomas, Esq. PHILLIPS & THOMAS LLC E-mail: geojthomas@gmail.com In re William Isaac Wells, Jr. Bankr. E.D. La. Case No. 25-11501 Chapter 11 Petition filed July 18, 2025 represented by: J. Nunnery, Esq. In re Capitol Radiology, LLC Bankr. D. Md. Case No. 25-16550 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/PTNMNEY/Capitol_Radiology_LLC__mdbke-25-16550__0001.0.pdf?mcid=tGE4TAMA represented by: William C. Johnson, Jr., Esq. THE JOHNSON LAW GROUP, LLC E-mail: William@JohnsonLG.Law In re Doubleshot Holdings LLC Bankr. D. Md. Case No. 25-04915 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/ODLOJ7Q/Doubleshot_Holdings_LLC__flmbke-25-04915__0001.0.pdf?mcid=tGE4TAMA represented by: Samantha L Dammer, Esq. BLEAKLEY BAVOL DENMAN & GRACE E-mail: sdammer@bbdglaw.com In re Kostas Golfinopoulos, Esq. PLLC Bankr. E.D.N.Y. Case No. 25-43427 Chapter 11 Petition filed July 18, 2025 See https://www.pacermonitor.com/view/GGUOPXQ/Kostas_Golfinopoulos_Esq_PLLC__nyebke-25-43427__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Lorraine Asisi Martinez Bankr. N.D. Cal. Case No. 25-51091 Chapter 11 Petition filed July 19, 2025 represented by: Marc Voisenat, Esq. In re Toby James Mazzie Bankr. C.D. Cal. Case No. 25-11986 Chapter 11 Petition filed July 21, 2025 represented by: Carolyn Dye, Esq. In re Ilgiz Gabdlmalikov Yamilov Bankr. N.D. Cal. Case No. 25-51092 Chapter 11 Petition filed July 21, 2025 represented by: Charles Naegele, Esq. In re Marlin Construction Group, LLC Bankr. M.D. Fla. Case No. 25-04985 Chapter 11 Petition filed July 21, 2025 See https://www.pacermonitor.com/view/HLEX2CI/Marlin_Construction_Group_LLC__flmbke-25-04985__0001.0.pdf?mcid=tGE4TAMA represented by: Andrew Wit, Esq. JENNIS MORSE E-mail: awit@jennislaw.com In re Impro Synergies LLC Bankr. S.D. Fla. Case No. 25-18274 Chapter 11 Petition filed July 21, 2025 See https://www.pacermonitor.com/view/WT74W4Q/Impro_Synergies_LLC__flsbke-25-18274__0001.0.pdf?mcid=tGE4TAMA represented by: Nathan G. Mancuso, Esq. MANCUSO LAW, P.A. E-mail: ngm@mancuso-law.com In re J and A 5th Ave LLC Bankr. D.N.J. Case No. 25-17657 Chapter 11 Petition filed July 21, 2025 See https://www.pacermonitor.com/view/QIID3IY/J_AND_A_5TH_AVE_LLC__njbke-25-17657__0001.0.pdf?mcid=tGE4TAMA represented by: David Stevens, Esq. SCURA WIGFIELD, HEYER, STEVENS & CAMMAROTA LLP E-mail: dstevens@scura.com In re Kimble Wright Bankr. D.N.J. Case No. 25-17667 Chapter 11 Petition filed July 21, 2025 represented by: Robert Davis, Esq. In re 4 Hurstwood LLC Bankr. E.D.N.Y. Case No. 25-72793 Chapter 11 Petition filed July 21, 2025 See https://www.pacermonitor.com/view/CVO3P6Y/4_Hurstwood_LLC__nyebke-25-72793__0001.0.pdf?mcid=tGE4TAMA Filed Pro Se In re Pirk Washington LLC Bankr. E.D.N.Y. Case No. 25-43447 Chapter 11 Petition filed July 21, 2025 See https://www.pacermonitor.com/view/R5LJO2Y/Pirk_Washington_LLC__nyebke-25-43447__0001.0.pdf?mcid=tGE4TAMA represented by: Lawrence Morrison, Esq. MORRISON TENENBAUM PLLC E-mail: lmorrison@m-t-law.com In re Yelena S Gorina Bankr. E.D.N.Y. Case No. 25-43446 Chapter 11 Petition filed July 21, 2025 represented by: Alla Kachan, Esq. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. 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