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260305.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, March 5, 2026, Vol. 30, No. 64 Headlines 140 MYERS AVENUE: Taps Richard S. Feinsilver as Bankruptcy Counsel 1600 WESTERN: Wells Fargo Wins Bid to Excuse Turnover 513 INVESTMENTS: Must Pay Post-petition Security Deposit to Trustee 8311 PRESTON: Case Summary & 14 Unsecured Creditors A.G. NEW YORK: Gets OK to Tap Latham Luna Eden as Legal Counsel ADELAIDA CELLARS: Seeks to Tap Exit Strategies Group as Appraiser ALCOA CORP: S&P Raises ICR to 'BB+' on Supportive Financial Policy ALCOA-MARYVILLE: Case Summary & 20 Largest Unsecured Creditors ALGORHYTHM HOLDINGS: Raises $10.4M via Secured Pre-Paid Purchase #4 ALLSTATE LENDING GROUP: Case Summary & 20 Top Unsecured Creditors ALLSTATE LENDING: Case Summary & 20 Largest Unsecured Creditors ALPINE ACQUISITION: Carlyle Secured Marks $10.1M 1L Loan at 54% Off ALPINE ACQUISITION: Carlyle Secured Marks $23.6M 1L Loan at 56% Off AM PYROTECHNICS: Case Summary & 20 Largest Unsecured Creditors AMAYA NAYELI: Seeks Chapter 7 Bankruptcy in Georgia AMBASSADOR VETERANS: Plan Exclusivity Period Extended to March 10 AMC ENTERTAINMENT: Launches $1.73B Notes Offering to Refinance Debt AMC ENTERTAINMENT: Reports $632.4MM 2025 Loss Amid Debt Refinancing AMERICA'S LISTING: Voluntary Chapter 11 Case Summary AMERICAN POWER EQUIPMENT: Seeks Chapter 11 Bankruptcy in Alabama ANCARLO BROTHERS: Hires Pedro Betancourt Diaz as Real Estate Agent ANDERSON HAY: Court Extends Cash Collateral Access to May 1 ANDERSON HAY: Hires Gale W. Harding and Associates as Appraiser ANDERSON HAY: Taps Steven Benjamin Properties as Real Estate Broker ANTILLANA SUPER: Seeks to Hire Estelle Miller as Accountant APPLIED DIGITAL: S&P Affirms 'B+' ICR on Data Center Financing ARTELLA SOLUTIONS: Taps Haselden Farrow PLLC as Bankruptcy Counsel ARTIFICIAL INTELLIGENCE: Raises Authorized Shares to 31.3 Billion ATARA BIOTHERAPEUTICS: Defers $9MM HCR Milestone Payment to 2028 ATBIZ LLC: Voluntary Chapter 11 Case Summary AURA MINERALS: S&P Raises ICR to 'BB-' on Improved Cash Flow AVENGER FLIGHT: U.S. Trustee Appoints Creditors' Committee AXIP ENERGY: Gets OK to Hire Epiq as Claims and Solicitation Agent B-YOU ACADEMY: Taps Lube & Soto Law Offices as Bankruptcy Counsel BAER & ASSOCIATES: Gets Court OK to Use Cash Collateral BARRETTS MINERALS: Pama Gay Foster Appointed to Committee BARTRAM LOGISTICS: Gets Extension to Access Cash Collateral BEACH-LASALLE PROPERTIES: Hires James M. Joyce Esq. as Counsel BELLA TUSCANY: Gets OK to Use Cash Collateral Until April 16 BIOLINERX LTD: Wins $7.2MM Arbitration Case vs Biokine BLACKBEARD'S TRIPLE: Gets Extension to Access Cash Collateral BLOOM HOTELS: Hires Damian Valori Culmo as Bankruptcy Counsel BOXLIGHT CORP: Regains NASDAQ Compliance After CEO Resignation BRAND ARMY: Case Summary & 18 Unsecured Creditors BRIGHT GREEN: Hires Kenimer Appraisal as Real Estate Appraiser BUCKSKIN REALTY: Can't Avoid Foreclosure Sale of Two Lots BUILDSOL LLC: Hires Rivermark Solutions as Restructuring Advisor BUILDSOL LLC: Seeks to Hire Walton Law Group as Bankruptcy Counsel C.D.S. MOVING: Seeks to Tap Weintraub Zolkin as Bankruptcy Counsel CARBON HEALTH: Hires Alvarez & Marsal as Restructuring Advisor CARBON HEALTH: Hires Pachulski Stang Ziehl as Bankruptcy Counsel CARBON HEALTH: Secures Court OK to Tap $20MM Chapter 11 Financing CAROLINA CLEANING: Seeks to Hire Richard P. Cook PLLC as Attorney CAROLINA RENOVATION: Hires Essex Richards PA as Bankruptcy Counsel CARVANA CO: S&P Affirms 'BB-' ICR, Outlook Positive CHAPMAN CBC: Court Extends Cash Collateral Access to March 17 CICC & SONS: Case Summary & 20 Largest Unsecured Creditors CICCARELLI & SONS: Case Summary & 20 Largest Unsecured Creditors COAST TO COAST: Gets Interim OK to Use Cash Collateral COASTAL DEVELOPMENT: Case Summary & 20 Top Unsecured Creditors COLD SPRING: Hires Porzio Bromberg & Newman as Special Counsel CONSCIOUS CONTENT: Plan Confirmation Hearing Scheduled for April 8 CONVEY HEALTH: New Mountain Marks $9.1M 1L Loan at 27% Off CORNERSTONE BUILDING: Carlyle Marks $3.1M 1L Loan at 30% Off CORNERSTONE BUILDING: Carlyle Marks $7.8M 1L Loan at 21% Off COUNTRY AIR: Soneet Kapila Named Subchapter V Trustee DALRADA FINANCIAL: Posts $4.4MM Q2 2026 Net Loss DAVENN LLC: Melissa Haselden Named Subchapter V Trustee DC CABLE: Case Summary & 20 Largest Unsecured Creditors DDH FUND: Seeks Chapter 11 Bankruptcy in Florida DIGITAL DOLPHIN: Seeks to Tap Larson & Zirzow as Bankruptcy Counsel DIOCESE OF BUFFALO: Consent Required for Third-Party Releases DIOCESE OF BUFFALO: Judge Says Releases Need Explicit Consent DREAMS AND DESTINATIONS: Gets Interim OK to Use Cash Collateral EAZY-PZ LLC: Seeks to Hire Jorgensen Lehman as Appeal Counsel EC CONSTRUCTION: Seeks to Tap Harris Law Practice as Legal Counsel EDDIE BAUER: Resolves Dispute with Warehouser GXO for $3.1MM EDDIE BAUER: U.S. Trustee Appoints Creditors' Committee EDWARDS LOGGING: Commences Chapter 11 Bankruptcy in Alabama EKSO BIONICS: Posts $11.7MM 2025 Loss; Going Concern Doubt Persists EL DORADO: Court Okays Fee Application for CR3 Partners ELETSON HOLDINGS: Calls Ch.11 Arrest Warrants Logical Progression ELFAND ORGANIZATION: Loses Bid to Extend Appeal Deadline FAT BRANDS: Bankruptcy Judge Orders Deposition of CEO FIRST BRANDS: Examiner Gets OK to Hire Okin Adams as Legal Counsel FNZ GROUP: New Mountain Marks $10.2M 1L Loan at 20% Off FORDHAM FULTON: Seeks to Tap Ian Lagowitz of Trigild IVL as CRO FOUR CORNERS: Seeks to Hire Kutner Brinen Dickey Riley as Counsel FTX TRADING: Court Tosses Unjust Enrichment Claim v. Goodly Labs FTX TRADING: Rheingans-Yoo Appeal Can't Proceed to Mediation GEE CONCEPTS: Joseph Cotterman Named Subchapter V Trustee GENESIS GLOBAL: Court Narrows Claims in McGreevy Case GENESIS HEALTHCARE: Seeks Executive Bonuses Amid Staff Departures GRAFFITI PYRAMID: U.S. Trustee Unable to Appoint Committee GREEN SUITES: Seeks to Hire Charles Wertman as Bankruptcy Counsel H&S COMMERCIAL: Seeks Chapter 11 Bankruptcy in Alabama HARRISBURG DAIRIES: Gets Interim OK to Use Cash Collateral HARVEST SHERWOOD: Seeks to Extend Plan Exclusivity to April 1 HAWTHORNE RACE: Case Summary & 20 Largest Unsecured Creditors HILLVIEW DAIRY: Hires Buckrop & VanDeVelde as Bankruptcy Counsel HOBBS COMPANY: Seeks to Tap Harris Law Practice as Legal Counsel HS PURCHER: New Mountain Marks $4.4M 2L Loan at 17% Off I-ON DIGITAL: Repays $1.21MM Promissory Notes IHN PODIATRY: Seeks Approval to Tap Sisco-Law as Special Counsel IHN PODIATRY: Seeks to Hire Erik Johanson as Bankruptcy Counsel IMPERIAL 1 LLC: Seeks to Hire Butler McDonald as Bankruptcy Counsel INDEPENDENCE BEVERAGES: Hires Elevate Law Group as Legal Counsel INDEPENDENCE BEVERAGES: Seeks to Hire Elevate Law Group as Counsel INFINITE GROUP: Reports $364,071 Net Loss in Q2 2025 INFINITE GROUP: Reports $669,533 Net Loss in Q3 2025 INFINITY CARE: Case Summary & 20 Largest Unsecured Creditors INSPIRED HEALTHCARE: U.S. Trustee Appoints Creditors' Committee INTREPID LLC: Seeks to Tap Cohne Kinghorn PC as Bankruptcy Counsel J&B CONSTRUCTION: Seeks to Hire Keize & Associates as Accountant J&L INVESTMENTS: Amy Denton Mayer Named Subchapter V Trustee KADAM LOGISTICS: Seeks to Tap Joel A. Schechter as Legal Counsel KBI 2015 TX: Seeks Approval to Tap RBO Services LLC as Accountant KID CITY: Seeks Approval to Hire GrayRobinson as Special Counsel KOSSOFF PLLC: Former Atty. Removed from Ch. 11 Case During Appeal LA GEOTHERMAL: Hires Tang & Associates as Bankruptcy Counsel LEGACY WORLDWIDE: Case Summary & 11 Unsecured Creditors LILA KATE: Starts Chapter 11 Bankruptcy in Alabama LILA KATE: Voluntary Chapter 11 Case Summary LONG ISLAND: Seeks to Hire BFSNG Law Group as Bankruptcy Counsel LUMINAR TECHNOLOGIES: April 1 Plan Confirmation Hearing Set LURIN REAL: Case Summary & 20 Largest Unsecured Creditors LUTHERAN HOME: Court Confirms Fourth Amended Reorganization Plan M&B SERVICES: Seeks to Tap Haberbush as General Bankruptcy Counsel MARE ISLAND: Hires Binder Malter Harris & Rome-Banks as Counsel MARQUIS STAR: Seeks Approval to Tap BGV Law as Special Counsel MARQUIS STAR: Seeks to Tap Hoffman Eells Group CPAs as Accountant MATERIAL HOLDINGS: Carlyle Secured Marks $14.5MM 1L Loan at 23% Off MDH PELICANS: Seeks Chapter 7 Bankruptcy in Alaska ME DEVELOPMENT: Case Summary & One Unsecured Creditor MOOCHO INC: U.S. Trustee Unable to Appoint Committee MTF HOLDINGS: Gets OK to Maintain Pre-petition Bank Accounts MULTI-COLOR CORP: Creditors Say Lien Challenge Is Waste of Time NCR ATLEOS: S&P Places 'B+' ICR on CreditWatch Positive NEW PROVIDENCE: Seeks to Hire Lorium Law as Bankruptcy Counsel NEW SHILOH: Court Extends Cash Collateral Access to March 12 NIGHTFOOD HOLDINGS: Q2 2026 Loss Hits $4.3MM; Warns of Cash Crunch NINE ENERGY: Hires KPMG LLP to Provide Tax Consulting Services NOVATECH FS: Seeks to Tap Harris Law Practice as Bankruptcy Counsel NURIEL & GRACE: Seeks to Tap The Fuller Law Firm as Legal Counsel O'BRIEN ENERGY: U.S. Trustee Appoints Creditors' Committee OFFICE PROPERTIES: Seeks to Tap JLL Valuation as Valuation Experts ORFEDOR INC: Taps Thomas B. Ure as General Bankruptcy Counsel OUT THE GATE: MANOR: Seeks to Extend Plan Exclusivity to June 10 PERNA OIL: Case Summary & 20 Largest Unsecured Creditors POTTERS BORROWER:S&P Withdraws 'B' ICR on Acquisition by Macquarie PPVA BLACK: New Mountain Marks $14.5M Loan at 55% Off PRECISION INDUSTRIES: Case Summary & 20 Top Unsecured Creditors PROJECT CASTLE: Carlyle Secured Marks $8.2M 1L Loan at 36% Off PSCD TRINITY: Seeks to Sell Watermills Property at Auction RAZAGHI DEVELOPMENT: Seeks to Tap Allen Jones as Substitute Counsel REBORN COFFEE: Gets Noncompliance Notice From Nasdaq RED RIVER: Obtains Ruling Reviving Talc Libel Suit on New Grounds RED ROCK: Hires Weinberg Gross & Pergament as Attorney RENTAL HUB: Gets Interim OK to Use Cash Collateral RENTAL HUB: Paula Beran Named Subchapter V Trustee RENTAL HUB: Seeks to Hire Farthing Legal as Bankruptcy Counsel RLG HOLDING: New Mountain Marks $4.1M 1L Loan at 37% Off RLG HOLDING: New Mountain Marks $7.1M 1L Loan at 38% Off RM IMAGING: Seeks to Hire Behar Gutt & Glazer as Legal Counsel ROBERT BAS LAW: Hires Carmody MacDonald as Bankruptcy Counsel ROBERT BAS: Steven Wallace Named Subchapter V Trustee ROSE RENTAL: Seeks to Sell Brighton Drive Property for $147K ROSE RENTAL: Seeks to Sell Vine Lane Property for $214K S EASTERN BLVD: Seeks to Hire Buckmiller & Frost as Legal Counsel SAKS GLOBAL: Argues with Simon Properties on Store Leases Fate SHANNON WIND: Hires Bradley Arant Boult Cummings LLP as Attorney SLEEP QUARTERS: Court OKs Ennis Property Sale to Equity Investment SOUTH TOWN: U.S. Trustee Unable to Appoint Committee SOUTHERN TIRE: Seeks to Hire William G. Haeberle as Accountant STEVEN GERALD PAPERMASTER: Homestead Exemption Capped at $214,000 STG LOGISTICS: Deadline to File Claims Set for March 12, 2026 STROMA MEDICAL: Seeks Approval to Hire Bayard as Conflicts Counsel STRUCTURE INDUSTRIES: Hires Weinberg Gross & Pergament as Counsel SUMMIT BIDCO: Carlyle Secured Marks CA$556,000 1L Loan at 28% Off T.C.'S GRILL: Case Summary & 13 Unsecured Creditors TEZ WINGS: Seeks Approval to Tap Hammond Law Firm as Legal Counsel TEZ WINGS: Seeks to Tap Blackwood Law Firm as Bankruptcy Counsel TOTAL POWER: Carlyle Secured Marks $13.6MM 1L Loan at 28% Off TRANSPORTING CARS: Seeks to Tap Ure Law Firm as Bankruptcy Counsel TRINSEO PLC: S&P Lowers ICR to 'SD' on Deferred Interest Payment TRIPLE CROWN GOLF: Gets Interim OK to Use Cash Collateral TRUE VISION: Seeks to Hire Ure Law Firm as Bankruptcy Counsel UNITED HAULING: Court Rejects Plan, Allows Lender to Foreclose UNITED SITE: Court Confirms Second Amended Joint Prepackaged Plan US INFRA: Carlyle Secured Marks $11.3MM 1L Loan at 20% Off VANKIRK ELECTRIC: Plan Exclusivity Period Extended to May 18 VMI FURNITURE: Gets Interim OK to Use Cash Collateral WHITE ROCK: Seeks Approval to Hire Ordinary Course Professionals WINESHIPPING.COM LLC: Carlyle Marks $17.6MM 1L Loan at 30% Off WSONE-55 INC: Case Summary & Seven Unsecured Creditors WSTHREE-55 INC: Case Summary & Five Unsecured Creditors XINYUAN REAL ESTATE: Loses Bid to Dismiss Involuntary Bankruptcy YAHWEH GROUP: Hires Ford & Semach as General Bankruptcy Counsel ZOOTILITY CO: Hires Bernstein Shur Sawyer & Nelson as Counsel ********* 140 MYERS AVENUE: Taps Richard S. Feinsilver as Bankruptcy Counsel ------------------------------------------------------------------ 140 Myers Avenue LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Richard S. Feinsilver, Esq. to handle its Chapter 11 case. The firm will be paid at these hourly rates: Richard Feinsilver, Attorney $500 Legal Assistants $100 In addition, the firm will seek reimbursement for expenses incurred. Prior to petition date, the firm received a retainer of $7,500 from the Debtor. Richard S. Feinsilver, Esq., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Richard S. Feinsilver, Esq. One Old Country Road, S 347 Carle Place, NY 11514 Tel: (516) 873-6330 Fax: (516) 873-6183 Email: feinlawny@yahoo.com About 140 Myers Avenue LLC 140 Myers Avenue LLC is a limited liability company believed to be engaged in real estate holding and property-related operations associated with its namesake address. 140 Myers Avenue LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-70705) on February 19, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $100,001 and $1,000,000. Honorable Bankruptcy Judge Sheryl P. Giugliano handles the case. The Debtor is represented by Richard S. Feinsilver, Esq. William J. Birmingham, Esq. serves as US Trustee Trial Attorney. 1600 WESTERN: Wells Fargo Wins Bid to Excuse Turnover ----------------------------------------------------- Chief Judge Jacqueline P. Cox of the U.S. Bankruptcy Court for the Northern District of Illinois granted the motion of Wells Fargo Bank, National Association, to excuse turnover in the bankruptcy case of 1600 Western Venture LLC. The receiver is excused from turning over the Debtor's real estate and personal property to the Debtor. In its Motion to Excuse Turnover Pursuant to Section 543(a) and (b) of the Bankruptcy Code, Wells Fargo Bank, National Association -- as Trustee, on behalf of the Registered Holders of CSAIL 2019-C16 Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-C16 ("Lender") and holder of a mortgage -- asks the court to excuse any receiver appointed by a state court from turnover to 1600 Western Venture L.L.C. (the "Debtor") of the non-residential industrial complex located at 2441, 2443 and 2444 West 16th Street, Chicago, Illinois (the "Property"). In 2019, CIBC Inc. loaned $9,000,000 to the Debtor. The loan is evidenced by a promissory note, a mortgage, assignment of leases and rents and a security agreement. CICB, Inc. assigned its interest in the note and mortgage to Wells Fargo. The Debtor is alleged to have failed to pay the entire monthly amount due, including required amounts for an impound account for real estate taxes beginning in 2023. The Debtor is also alleged to have failed to establish and maintain a clearing account for the collection of rents. On July 2, 2025, the state court appointed a receiver to manage the Debtor's property. On July 7, 2025, the Debtor filed an objection to this court reviewing the state court opinion. The Debtor states in the objection that the bankruptcy court has exclusive jurisdiction to decide what is property of the bankruptcy estate. Also, in that objection the Debtor suggests that the Debtor has been removed from possession of its asset, the real property. That is not true. The Debtor remains in possession of its assets to date. What followed is the lender's effort under section 543 of the Bankruptcy Code to excuse it from turning over the real estate to the Debtor now that the Debtor has filed for bankruptcy relief, which filing made the Debtor's property become property of the bankruptcy estate under Bankruptcy Code section 541. The Debtor is in the position it would have been in had it not filed for bankruptcy relief right before the state court was concluding its efforts. The Debtor has not suffered a loss due to the state court's ruling; it remains in possession of its assets. The Lender posits several reasons to allow the receiver to take and remain in possession of the property despite the bankruptcy case: a. failure to pay the lender monies owed under the relevant documents; b. failure to establish a clearing account for the collection of rents upon occurrence of cash management triggering event; c. failure to insure the property; d. failure to pay real estate taxes; e. use of operating income to feed the equity owners; f. use of cash collateral to pay non-business expenses; g. failure to maintain a professional property manager as required by the loan documents; h. failure to submit to lender requested financial documents, CVs, resumes and experience regarding the qualifications of the individuals whom the Debtor seeks to run the property because the cost of a professional management company is alleged to be too expensive; and j. failure to submit information regarding the insurance policy the Debtor is alleged to have procured post-petition. The court finds that the movant has shown by a preponderance of the evidence that several of the grounds listed are supported by the evidence submitted at trial and are sufficient reasons to excuse the receiver appointed by state court from turning over the property to the Debtor. According to the court, the Debtor's interests would be better served by excusing turnover as its principals are not acting in the Debtor's best interest by using its resources to fund their personal expenses and other businesses. The receiver is excused from turning over the Debtor's real estate and personal property to the Debtor. The state court's orders appointing the receiver are in full force and effect immediately. The receiver shall have full possession of the Debtor's property. A copy of the Court's Memorandum Opinion dated March 2, 2026, is available at https://urlcurt.com/u?l=AMvI0O from PacerMonitor.com. About 1600 Western Venture LLC 1600 Western Venture LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-08821) on June 10, 2025. In the petition signed by Dorothy Flisk, managing member, the Debtor disclosed up to $50 million in assets and up to $10 million in liabilities. Judge Jacqueline P. Cox oversees the case. Paul M. Bach, Esq., and Penelope Bach, Esq., at Bach Law Offices, Inc. represent the Debtor as legal counsel. 513 INVESTMENTS: Must Pay Post-petition Security Deposit to Trustee ------------------------------------------------------------------- The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the Eastern District of Texas granted the motion filed by Behrooz P. Vida, 513 Investments, LLC's Subchapter V trustee, for post-petition security deposit. Debtor must pay to Trustee monthly post-petition security deposit of $1,000.00 per month starting from Petition Date until its case is confirmed, dismissed or converted. The security deposit must be maintained by Trustee pending consideration of his fee application by the Court. A copy of the Court's Order dated March 2, 2026, is available at https://urlcurt.com/u?l=Y2f1rh from PacerMonitor.com. 513 Investments, LLC, a real estate lessor, holds fee simple ownership of two properties in Texas: an 11-acre tract at Reed Lane and Preston Road in Gunter, valued at $1.9 million based on broker assessments and prior offers, and a 7-acre site with three commercial buildings at 659 Martin Duke Road in Van Alstyne, appraised at $4 million according to broker and owner evaluations. 513 Investments, LLC sought protection under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Tex. Case No. 26-40381) on February 2, 2026, with $5,900,000 in total assets and $1,600,000 in total liabilities. Clayton L. Everett, Esq., at Norred Law, PLLC represents the Debtor as legal counsel. 8311 PRESTON: Case Summary & 14 Unsecured Creditors --------------------------------------------------- Debtor: 8311 Preston Highway LR, LLC 133 Holiday Court, Suite 102 Franklin, TN 37067 Business Description: 8311 Preston Highway LR, LLC is a real estate company that owns a commerical real property located at 8311 Preston Highway, Louisville, KY 40219. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Middle District of Tennessee Case No.: 26-00886 Judge: Hon. Randal S. Mashburn Debtor's Counsel: R. Alex Payne, Esq. DUNHAM HILDEBRAND PAYNE WALDRON, PLLC 9020 Overlook Boulevard, Suite 316 Brentwood, TN 37027 Tel: 629-777-6529 Fax: 629-777-3765 E-mail: alex@dhnashville.com Total Assets: $1,512,900 Total Liabilities: $5,609,197 The petition was signed by Clifford F. Boyle as member. A full-text copy of the petition, which includes a list of the Debtor's 14 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VNMAFBY/8311_Preston_Highway_LR_LLC__tnmbke-26-00886__0001.0.pdf?mcid=tGE4TAMA A.G. NEW YORK: Gets OK to Tap Latham Luna Eden as Legal Counsel --------------------------------------------------------------- A.G. New York Transportation, Inc. received approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Latham, Luna, Eden & Beaudine, LLP as counsel. The firm will provide these services: (a) advise the Debtor of its rights and duties in this case; (b) prepare pleadings related to this case; and (c) take any and all other necessary action incident to the proper preservation and administration of this estate. The firm will be paid at these hourly rates: Daniel Velasquez, Attorney $275 - $475 Other Attorneys $500 Junior Paraprofessionals $125 Prior to the commencement of this case, the Debtor paid the firm an advance fee of $13,750 for services and expenses. Mr. Velasquez disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Daniel A. Velasquez, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Ave., Suite 1400 Orlando, Florida 32801 Telephone: (407) 481-5800 Facsimile: (407) 481-5801 Email: dvelasquez@lathamluna.com About A.G. New York Transportation Inc. A.G. New York Transportation, Inc. offers luxury transportation services in Orlando, Florida, including airport transfers, wedding and corporate travel, and group charters. It holds authorization for both intrastate and interstate passenger transport. A.G. New York Transportation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-06549) on October 13, 2025, listing up to $50,000 in assets and between $1 million to $10 million in liabilities. Aleksey Golovnitskiy, president of A.G. New York Transportation, signed the petition. Judge Tiffany P. Geyer presides over the case. Daniel A. Velasquez, Esq., at Latham Luna Eden & Beaudine, LLP represents the Debtor as counsel. ADELAIDA CELLARS: Seeks to Tap Exit Strategies Group as Appraiser ----------------------------------------------------------------- Adelaida Cellars, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Exit Strategies Group, Inc. as its appraiser. Exit Strategies will provide a valuation of the Property on both a liquidation basis and a going concern basis. The firm will value the winery's inventory. ESGI's then standard hourly rates are: (1) $450 an hour for depositions, with a 3-hour minimum and a $600 cancellation fee if the deposition is cancelled on less than 48 hours' notice; and (2) $3,200 for a full day of trial testimony or $1,750 for a half day. Support services in connection with such depositions or testimony will be billed at hourly rates between $150 to $350 per hour, depending on the resource. The firm received a retainer in the amount of $10,000. Joseph Orlando, vice president of Exit Strategies Group, Inc., assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Joseph Orlando Exit Strategies Group, Inc. 6033 Volkerts Road Sebastopol, CA 95472 Phone: (503) 925-5510 Direct Email: jorlando@exitstrategiesgorup.com About Adelaida Cellars, Inc Adelaida Cellars, Inc. is a family-owned and operated winery in Paso Robles, Calif. Adelaida Cellars sought Chapter 11 petition (Bankr. C.D. Calif. Case No. 24-11409) on December 13, 2024, with $10 million to $50 million in both assets and liabilities. Nicholas D. Rubin, chief restructuring officer of Adelaida Cellars, signed the petition. Judge Ronald A Clifford, III oversees the case. The Debtor is represented by Hamid R. Rafatjoo, Esq., at Raines Feldman Littrell, LLP. ALCOA CORP: S&P Raises ICR to 'BB+' on Supportive Financial Policy ------------------------------------------------------------------ S&P Global Ratings raised its issuer credit rating on Alcoa Corp. to 'BB+' from 'BB' and its issue-level rating on the company's senior unsecured notes to 'BB+'. S&P's '3' recovery rating indicates its expectation for meaningful recovery (50%-70%; rounded estimate: 65%). The stable outlook reflects S&P's expectations for leverage of about 2x over the next 12 months as Alcoa's capital allocation prioritizes debt reduction and investment into its assets to gradually improve profitability. S&P believes Alcoa Corp.'s resilient operating performance and financial policy could support leverage of about 2x through the cycle. Alcoa's integrated operating footprint should support stable to higher EBITDA this year as record aluminum prices and growing aluminum production offset pricing and cost pressure in the alumina segment. S&P said, "We expect EBITDA of about $1.75 billion in 2026, which supports improving free operating cash flow (FOCF) and debt to EBITDA of 1.5x, despite higher capital expenditure (capex) and asset retirement obligations. "We believe Alcoa will sustain leverage of 2x on resilient operating performance and financial policy. We expect EBITDA of $1.75 billion in 2026 and FOCF of about $230 million, driving debt to EBITDA of 1.5x. In 2025, Alcoa stated a gross debt target of $2.1 billion-$2.5 billion, a cash target of $1.0 billion-$1.5 billion, and a net debt target of $1.0 billion-$1.5 billion. We believe debt targets could sustain lower leverage and stronger credit metrics through the cycle leverage, where Alcoa's 10-year peak-to-trough EBITDA ranged from $3 billion in 2018 to $550 million in 2023." As of Dec. 31, 2025, Alcoa's gross debt, including pension-related liabilities, was $3 billion, indicating potential for additional debt reduction to build a larger credit cushion for future downturns. Alcoa's integrated operating footprint should support stable to higher EBITDA this year. S&P expects the aluminum segment to offset a potential drag from its alumina business. Aluminum prices have reached multiyear highs due to expectations of deficits as rising energy costs threaten supply. Stable aluminum smelting operations and volume growth should help Alcoa capitalize on high prices and resilient demand as its key markets, Europe and North America, face supply deficits. The alumina segment is weathering depressed prices and higher costs from low-grade bauxite that could cause losses (compared with $900 million of segment EBITDA in 2025). Pricing is pressured by growing surpluses from increased supply and slower-than-expected aluminum smelter demand growth, and supply cuts to alleviate pricing pressure have been limited. Alcoa's average cost per metric ton (/mt) of alumina was $317 in 2025, and current spot prices are $306 (reflecting 10% of the LME price, compared with a 15.5% historical average relationship). The $15-$20/ton premium on Alcoa's shipments into the Atlantic region will be critical for it to sustain profitability this year. The rationalization and maintenance of Alcoa's operating footprint is capital intensive. Stable operations and profitability growth that drives stronger FOCF may indicate these actions have contributed to a stronger asset profile over time. FOCF has totaled $1.3 billion over the last five years, averaging about 10% of debt. S&P expects cash generation to improve in 2026 and 2027, reflecting roughly 15% of debt. S&P expects Alcoa to sustain higher capex of $750 million-$800 million per year until 2030 as it undertakes two mine moves, an anode bake furnace rebuild, and other residue filtration and storage projects. Asset retirement obligations to build a water treatment plant to close the Kwinana refinery increased by $429 million in 2025. At San Ciprian, a residue storage project aims to neutralize cash flows by the end of 2027, with the smelter offsetting refinery losses. Lastly, Alcoa incurred a total of $332 million in transformation expenses related to restructuring and discontinued operations over the last five years. Alcoa continues to face tariffs with its aluminum footprint in the U.S. and Canada. The U.S.'s Section 232 tariffs are burdening Alcoa's Canadian production at an annual run-rate of $900 million at current aluminum prices. However, the Midwest Premium has risen significantly, benefitting Alcoa as higher price realizations of its U.S.-produced tons are more than offsetting the tariff costs. S&P expects Midwest Premiums to remain elevated at $0.75 per pound over our forecast based on its assumption that Section 232 tariffs remain in place. Alcoa's U.S. smelting footprint costs remain high and carbon-intensive due to the Warrick smelter's use of coal-fired power (Messena smelter secures power from New York Power Authority, which uses mostly hydropower). This footprint will rely on tariffs to support its cost structure and global competitiveness. If tariffs change, S&P expects EBITDA for the company's Canadian segment would benefit, offsetting weaker domestic prices. The stable outlook reflects S&P's expectation for leverage of about 2x over the next 12 months as Alcoa's capital allocation prioritizes debt reduction and investment into its assets to gradually improve profitability. Aluminum prices and increased production should support earnings in 2026, despite depressed alumina prices and sustained higher costs for this segment. S&P could lower its ratings on Alcoa if debt to EBITDA increases above 3x. This could occur due to: -- Sustained negative FOCF stemming from higher-than-anticipated costs and sharply weaker earnings; or -- Higher-than-anticipated or unforeseen maintenance capex or restructuring spending related to operational challenges, reducing its liquidity cushion. S&P said, "Although unlikely in the next 12 to 24 months, we could raise our ratings if Alcoa's EBITDA margins and return on capital meaningfully improve, indicating strengthening profitability from both its upstream bauxite and alumina assets, as well as improving returns from its large fleet of smelters." To confirm this, S&P would expect to see: -- Stronger-than-expected FOCF generation that leads to FOCF to debt of 25%; and -- Debt to EBITDA of 1.5x through the cycle. ALCOA-MARYVILLE: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: Alcoa-Maryville Restaurant, Inc. DBA Midland Restaurant 155 North Calderwood Street Alcoa, TN 37701 Business Description: Alcoa-Maryville Restaurant, Inc. operates a full-service American restaurant under the Midland Restaurant brand at its location in Alcoa, Tennessee. The company provides breakfast, lunch, and dinner offerings with traditional and country-style fare, serving the local community. I Chapter 11 Petition Date: February 28, 2026 Court: United States Bankruptcy Court Eastern District of Tennessee Case No.: 26-30337 Judge: Hon. Suzanne H Bauknight Debtor's Counsel: Kelli D. Holmes, Esq. TARPY, COX, FLEISHMAN & LEVEILLE, PLLC 1111 N Northshore Dr Suite N-290 Knoxville, TN 37919 Tel: (865) 588-1096 Fax: (865) 588-1171 E-mail: kholmes@tcflattorneys.com Total Assets: $437,944 Total Liabilities: $1,005,914 The petition was signed by Steven Nelson as owner. A copy of the Debtor's list of its 14 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UAP5PII/Alcoa-Maryville_Restaurant_Inc__tnebke-26-30337__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/X2LPWEI/Alcoa-Maryville_Restaurant_Inc__tnebke-26-30337__0001.0.pdf?mcid=tGE4TAMA ALGORHYTHM HOLDINGS: Raises $10.4M via Secured Pre-Paid Purchase #4 ------------------------------------------------------------------- Algorhythm Holdings, Inc. disclosed in a regulatory filing that it entered into Secured Pre-Paid Purchase #4 with Streeterville Capital, LLC, a Utah limited liability company, under that certain securities purchase agreement, dated August 21, 2025, between the Company and Streeterville. Under the Securities Purchase Agreement, the Company agreed to issue and sell shares of its common stock to Streeterville in one or more pre-paid purchases for an aggregate purchase price of up to $20,000,000. Secured Pre-Paid Purchase #4 provides for a fourth Pre-Paid Purchase in the principal amount of $10,355,000, before deducting an original issue discount of $855,000. The Fourth Pre-Paid Purchase accrues interest at the rate of 9% per annum and has a maturity date of three years. The Fourth Pre-Paid Purchase is similar to the third Pre-Paid Purchase that the Company completed on December 19, 2025; however the Fourth Pre-Paid Purchase is secured by cash in an amount not less than the lesser of: (i) $3,500,000, and (ii) 90% of the then-current outstanding balance of the Fourth Pre-Paid Purchase. The Minimum Balance Amount is being held in a deposit account held by RIME Holdings, LLC, a Utah limited liability company and wholly-owned subsidiary of the Company that the Company formed in connection with the second Pre-Paid Purchase that the Company completed on November 13, 2025, pursuant to a Deposit Account Control Agreement, dated November 13, 2025, by and among RIME Holdings, Lakeside Bank, an Illinois banking company, and Streeterville. Accordingly, of the $9,500,000 in proceeds that the Company received from the Fourth Pre-Paid Purchase, $3,500,000 were placed in the DACA Account. The Company has the right to use funds in the DACA Account to repay any portion of the outstanding balance of the Fourth Pre-Paid Purchase, but only so long as the payment does not cause the outstanding balance to drop below the Minimum Balance Amount. As long as no event of default has occurred, the Company may withdraw from the Deposit Account any funds in excess of the Minimum Balance Amount. The Fourth Pre-Paid Purchase is secured by the Security Agreement and the IP Security Agreement (each as defined in the Securities Purchase Agreement). In addition, RIME Holdings executed a guaranty of the obligations outstanding under the Fourth Pre-Paid Purchase for the benefit of Streeterville. The Company paid Univest Securities, LLC, its placement agent, a cash fee equal to 8% of the aggregate gross proceeds received by the Company from the Fourth Pre-Paid Purchase that were not placed in the DACA Account. The Company will pay Univest a cash fee equal to 8% of the funds held in the DACA Account when they are released to the Company. The offer and sale of these securities was completed by the Company in a private placement transaction that was exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2) of the Securities Act without engaging in any advertising or general solicitation of any kind. Full text copies of the Securities Purchase Agreement, Secured Prepaid Purchase #4, the DACA Agreement and the Guaranty are available at https://tinyurl.com/32vde4re, https://tinyurl.com/bp5wznm9, https://tinyurl.com/5n6pjz89 and https://tinyurl.com/ytyn59r7, respectively. About Algorhythm Holdings Algorhythm Holdings, Inc., fka The Singing Machine Company, Inc. -- http://www.singingmachine.com/ -- is a holding company for an AI enabled software logistics business operated through its SemiCab Holding subsidiary and a home karaoke consumer products company that designs and distributes karaoke products globally to retailers and ecommerce partners through the Singing Machine subsidiary. As of September 30, 2025, the Company had $10,845,000 in total assets, $10,745,000 in total liabilities, and a total stockholders' equity of $100,000. Philadelphia, Penn.-based Marcum LLP, the Company's auditor since 2023, 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 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. ALLSTATE LENDING GROUP: Case Summary & 20 Top Unsecured Creditors ----------------------------------------------------------------- Debtor: Allstate Lending Group, Inc. 2540 Corporate Place, B108 Monterey Park, CA 91754 Business Description: Allstate Lending Group, Inc. is a California-based mortgage lending and brokerage company headquartered in Monterey Park, California, providing residential home loan products including purchase, refinance, and alternative mortgage programs. The company originates and arranges mortgage financing for borrowers through various loan structures, including non-prime and equity-based lending solutions. It operates within the non-depository credit intermediation industry under licensing from the California Department of Real Estate. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11879 Debtor's Counsel: Kyra E. Andrassy, Esq. RAINES FELDMAN LITTRELL LLP 4675 MacArthur Court, Suite 1550 Newport Beach, CA 92660 Tel: (310) 440-4100 Email: kandrassy@raineslaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $50 million to $100 million The petition was signed by Howard Grobstein as chief restructuring officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DBJCA7A/Allstate_Lending_Group_Inc__cacbke-26-11879__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Marks Captial $10,585,000 512 Via De La Valle Suite 300 Solana Beach, CA 92075 Email: brendon@trilogyig.com 2. Jay Refold $8,575,000 270F N Camino Real Unit 295 Encinitas, CA 92024 Email: jrefold@gmail.com 3. C-Family Investments $5,090,000 2730 N 9th Street Canon City, CO 81212 4. Trmy Inc $5,037,050 5840 W Craig Road Suite 120-132 Las Vegas, NV 89630 Email: brett@brettfriedmancpa.com 5. Valerie Weiss $4,505,000 920 Chester Avenue San Marino, CA 91108 Email: valkgw@yahoo.com 6. Greg Perrine $3,910,000 256 Palmer Street Costa Mesa, CA 92627 Email: gperrine@murowcm.com 7. King Family Investments $2,600,000 5120 Avenida Encinas Carlsbad, CA 92008 Email: bill@kingbenefits.com 8. Jay Cervenka LT Trust $2,540,000 211 W Paseo De Cristobal San Clemente, CA 92672 Email: dmgallion2@gmail.com 9. Jeff Keenan $2,475,000 725 10th Street Manhattan Beach, CA 90266 Email: jdkeenan@gte.net 10. Steve Mergenthaler $2,450,000 455 Hillcrest Dr Encinetas, CA 92024 Email: stevemerg@aol.com 11. Scott Hackman $2,420,000 4637 N Painted Sky Dr St George, UT 84770 Email: shackman666@gmail.com 12. Brett Perrine $2,000,000 26571 Stetson Pl Laguna Hills, CA 92653 Phone: 714-926-8768 Email: bperrine@moote.com 13. Don Edge $2,000,000 887 Delgado Pl Escondido, CA 92025 Email: edge73@cox.net 14. Denise Cervenka $1,975,000 IRA 2012 Craig Avenue Altadena, CA 91001 Email: dmgallion2@gmail.com 15. Patrick Obrien $1,970,000 1624 Via Sage San Celemente, CA 92673 Email: Patrick@ptchoa.com 16. Aron Abecassis Litigation $1,837,000 Trustee of the Aron Abecassis Rev Trust Dtd 4/14/04 Todd Chvat / Wright, Finlay & Zak 4665 MacArthur Ct., Suite 200 Newport Beach, CA 92660 Todd E. Chvat Phone: 949-477-5050 Email: tchvat@wrightlegal.net 17. Michael Marks $1,800,000 17153 Calle Corte #2061 Rancho Santa Fe, CA 92067 Email: tigmick@me.com 18. Grant Michelson $1,600,000 1242 El Vago St La Canada, CA 91011 Phone: 562-928-0553 Email: grant@michelsonlab.com 19. Jon Woodruff $1,540,000 585 Oakfield Lane Menlo Park, CA 94025 Phone: 650-722-3604 Email: jonallenwoodruff@me.com 20. Eric Pearson $1,390,000 427 E 17th Street Suite F-483 Costa Mesa, CA 92627 Phone: 949-412-4321 Email: epearson99@yahoo.com ALLSTATE LENDING: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------------- Debtor: Allstate Lending Group Servicing LLC 2540 Corporate Place, B108 Monterey Park, CA 91754 Business Description: Allstate Lending Group Servicing LLC, based in Monterey Park, California, manages mortgage and home loan accounts, including refinancing and purchase loans, and supports various loan servicing and payment solutions. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11882 Debtor's Counsel: Kyra E. Andrassy, Esq. RAINES FELDMAN LITTRELL LLP 4675 MacArthur Court Suite 1550 Newport Beach, CA 92660 Tel: (310) 440-4100 E-mail: kandrassy@raineslaw.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $50 million to $100 million The petition was signed by Howard Grobstein as chief restructuring officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/IYNLZTQ/Allstate_Lending_Group_Servicing__cacbke-26-11882__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Marks Captial $10,585,000 512 Via De La Valle Suite 300 Solana Beach, CA 92075 Email: brendon@trilogyig.com 2. Jay Refold $8,575,000 270F N Camino Real Unit 295 Encinitas, CA 92024 Email: jrefold@gmail.com 3. C-Family Investments $5,090,000 2730 N 9th Street Canon City, CO 81212 4. Trmy Inc $5,037,050 5840 W Craig Road Suite 120-132 Las Vegas, NV 89630 Email: brett@brettfriedmancpa.com 5. Valerie Weiss $4,505,000 920 Chester Avenue San Marino, CA 91108 Email: valkgw@yahoo.com 6. Greg Perrine $3,910,000 256 Palmer Street Costa Mesa, CA 92627 Email: gperrine@murowcm.com 7. King Family Investments $2,600,000 5120 Avenida Encinas Carlsbad, CA 92008 Email: bill@kingbenefits.com 8. Jay Cervenka LT Trust $2,540,000 211 W Paseo De Cristobal San Clemente, CA 92672 Email: dmgallion2@gmail.com 9. Jeff Keenan $2,475,000 725 10th Street Manhattan Beach, CA 90266 Email: jdkeenan@gte.net 10. Steve Mergenthaler $2,450,000 455 Hillcrest Dr Encinetas, CA 92024 Email: stevemerg@aol.com 11. Scott Hackman $2,420,000 4637 N Painted Sky Dr St George, UT 84770 Email: shackman666@gmail.com 12. Brett Perrine $2,000,000 26571 Stetson Pl Laguna Hills, CA 92653 Phone: 714-926-8768 Email: bperrine@moote.com 13. Don Edge $2,000,000 887 Delgado Pl Escondido, CA 92025 Email: edge73@cox.net 14. Denise Cervenka $1,975,000 IRA 2012 Craig Avenue Altadena, CA 91001 Email: dmgallion2@gmail.com 15. Patrick Obrien $1,970,000 1624 Via Sage San Celemente, CA 92673 Email: Patrick@ptchoa.com 16. Aron Abecassis Litigation $1,837,000 Trustee of the Aron Abecassis Rev Trust Dtd 4/14/04 Todd Chvat / Wright, Finlay & Zak 4665 MacArthur Ct., Suite 200 Newport Beach, CA 92660 Todd E. Chvat Phone: 949-477-5050 Email: tchvat@wrightlegal.net 17. Michael Marks $1,800,000 17153 Calle Corte #2061 Rancho Santa Fe, CA 92067 Email: tigmick@me.com 18. Grant Michelson $1,600,000 1242 El Vago St La Canada, CA 91011 Phone: 562-928-0553 Email: grant@michelsonlab.com 19. Jon Woodruff $1,540,000 585 Oakfield Lane Menlo Park, CA 94025 Phone: 650-722-3604 Email: jonallenwoodruff@me.com 20. Eric Pearson $1,390,000 427 E 17th Street Suite F-483 Costa Mesa, CA 92627 Phone: 949-412-4321 Email: epearson99@yahoo.com ALPINE ACQUISITION: Carlyle Secured Marks $10.1M 1L Loan at 54% Off ------------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $10,134, 000 loan extended to Alpine Acquisition Corp II to market at $4,652,000 or 46% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending, Inc. is a participant in a first lien loan extended to Alpine Acquisition Corp II. The loan accrues interest at a rate of 9.65% per annum. The loan matures on Nov. 30, 2029. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Fund is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Fund can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Alpine Acquisition Corp II Alpine Acquisition Corp II operates in the transportation sector, focusing on cargo services and related logistics activities. ALPINE ACQUISITION: Carlyle Secured Marks $23.6M 1L Loan at 56% Off ------------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $23,667,000 loan extended to Alpine Acquisition Corp II to market at $10,301,000 or 44% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Alpine Acquisition Corp II. The loan accrues interest at a rate of 9.65% per annum. The loan matures on Nov. 30, 2029. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Alpine Acquisition Corp II Alpine Acquisition Corp II operates in the transportation sector with a focus on cargo-related services. AM PYROTECHNICS: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------------- Debtor: AM Pyrotechnics, LLC National Fireworks Importing, LLC 2429 East 535th Road Buffalo, MO 65622 Business Description: AM Pyrotechnics manufactures and supplies fireworks and custom pyrotechnic products, including ball shells, cylinder shells, mines, comets, Roman candles, and other specialty effects, and also designs and produces professional fireworks displays. The company provides custom fireworks solutions tailored to client specifications and offers bid evaluation services related to fireworks shows. AM Pyrotechnics is based in Buffalo, Missouri. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Western District of Missouri Case No.: 26-60143 Judge: Hon. Brian T Fenimore Debtor's Counsel: Ryan A. Blay, Esq. WM LAW, PC 15095 West 116th Street Olathe, KS 66062 Tel: (913) 422-0909 Fax: (913) 428-8549 E-mail: bankruptcy@wagonergroup.com Total Assets: $1,432,967 Total Liabilities: $938,851 The petition was signed by Aaron Mayfield as CEO and owner. 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/YZSFWLQ/AM_Pyrotechnics_LLC__mowbke-26-60143__0001.0.pdf?mcid=tGE4TAMA AMAYA NAYELI: Seeks Chapter 7 Bankruptcy in Georgia --------------------------------------------------- On March 1, 2026, Amaya Nayeli Properties LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the Northern District of Georgia. According to court filings, the Debtor reports between $100,001 and $1,000,000 in debt owed to between 1 and 49 creditors. About Amaya Nayeli Properties LLC Amaya Nayeli Properties LLC is a Georgia-based limited liability company engaged in real estate ownership and property management activities. Amaya Nayeli Properties LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-52749) on March 1, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities within the same range. Honorable Bankruptcy Judge Barbara Ellis-Monro handles the case. The Debtor is represented by Leonard R. Medley, III, Esq. of Medley & Associates LLC. AMBASSADOR VETERANS: Plan Exclusivity Period Extended to March 10 ----------------------------------------------------------------- Judge Maria De Los Angeles Gonzalez of the U.S. Bankruptcy Court for the District of Puerto Rico extended Ambassador Veterans Services of Puerto Rico LLC's exclusive periods to file a plan of reorganization and obtain acceptance thereof to March 10 and April 8, 2026, respectively. As shared by Troubled Company Reporter, the Debtor explains that applying First Circuit factors to the present case clearly demonstrates cause for the requested extension. The first factor, case complexity, continues to be satisfied given that this case involves the operation of a specialized veteran care facility under government contract, requiring coordination with multiple governmental stakeholders, including the Department of Justice, and the OPV, while ensuring uninterrupted care for vulnerable veteran residents. The second factor, likelihood of a consensual plan, is even more compelling now than at the time of the first extension. The Department of Justice's indication that they are prepared to present a counteroffer after a meeting was held and an unilateral offer for settlement was forwarded, demonstrates substantial progress toward achieving a consensual resolution. These developments show that the parties have moved beyond initial discussions and are now at the critical stage of formulating concrete settlement terms that could result in a consensual plan for the benefit of the veterans and all creditors of this case. The third factor, ensuring the debtor is not holding creditors hostage, is also satisfied. The Debtor's request for a limited 30-day extension, rather than seeking a more substantial period, demonstrates reasonableness and respect for creditor interests. Rather than seeking delay tactics, the Debtor has demonstrated measurable progress throughout this proceeding through full compliance with Court Orders, US Trustee requirements, and maintaining all disclosure requirements. Ambassador Veterans Services of Puerto Rico LLC is represented by: Javier Villarino, Esq. Villarino & Associates LLC P.O. Box 9022515 San Juan, PR 00902 Tel: (787) 565-9894 E-mail: jvillarino@vilarinolaw.com About Ambassador Veterans Services of Puerto Rico LLC Ambassador Veterans Services of Puerto Rico LLC operates a nursing and intermediate care facility for veterans in Juana Diaz, Puerto Rico. The Company provides residential healthcare services to eligible veterans at its location in Barrio Amuelas. Ambassador Veterans Services of Puerto Rico LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 25-02690) on June 13, 2025. In its petition, the Debtor reports total assets of $2,567,403 and total liabilities of $4,068,135. The Debtors are represented by Javier Vilarino, Esq. at VILARINO AND ASSOCIATES LLC. AMC ENTERTAINMENT: Launches $1.73B Notes Offering to Refinance Debt ------------------------------------------------------------------- AMC Entertainment Holdings, Inc. disclosed in a regulatory filing that Muvico, LLC, a wholly-owned indirect subsidiary of AMC, has commenced an offering of $1,730 million aggregate principal amount of first lien notes due 2031 in transactions that are exempt from registration under the Securities Act of 1933, as amended. The Notes will be guaranteed on a joint and several basis by the Company and each of its existing and future direct or indirect wholly-owned subsidiaries that guarantee obligations under the Company's new $750 million term loan facility which is expected to be entered into in connection with consummation of the Offering. The net proceeds from the Offering, together with the proceeds from the New Term Loan Facility, and cash on hand, will be used to: (i) fund the redemption in full of $400 million aggregate principal amount of 12.750% Senior Secured Notes due 2027 issued by Odeon Finco PLC, a wholly-owned direct subsidiary of Odeon Cinemas Group Limited and an indirect subsidiary of AMC, (ii) refinance the Company's existing term loan facility in full, and (iii) pay related fees, costs, premiums and expenses in connection with such transactions. Concurrently with the commencement of the Offering, Odeon delivered a notice of conditional full redemption to holders of the Odeon Notes to redeem the Odeon Notes in full at a redemption price equal to 103.188% of the principal amount of the Odeon Notes, plus accrued and unpaid interest, if any, to the applicable redemption date. The Redemption is conditioned upon the consummation of one or more debt financing transactions resulting in aggregate gross proceeds to the Company, its affiliates and its subsidiaries (including Odeon), of at least $2,480 million, contemporaneously with or prior to the applicable redemption date. There can be no assurances as to when and if such debt financing transactions will be completed or such conditions satisfied and the Company may waive the conditions at its discretion. About AMC Entertainment AMC Entertainment Holdings, Inc., is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hotdogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. As of September 30, 2025, the Company had $8,020.7 million in total assets, $9,798.2 million in total liabilities, and $1,777.5 million in total stockholders' deficit. * * * In October 2025, Moody's Ratings assigned Caa2 ratings to AMC Entertainment Holdings, Inc.'s new Senior Secured First-Lien Notes due 2029 (1.5 Notes). Moody's downgraded Muvico, LLC's (Muvico) Backed Senior Secured Second-lien Notes (Existing Exchangeable Notes) rating to Caa3 from Caa2. Moody's affirmed AMC's Caa2 Corporate Family Rating and Caa2-PD Probability of Default Rating, and all other instrument ratings including the B3 on the Senior Secured First-Lien Term Loan at AMC (AMC TL) which is co-borrower with Muvico, the B3 on the Backed Senior Secured First-Lien Notes rating at Odeon Finco PLC (Odeon) (Odeon Notes), the Caa3 rating on the Senior Secured First-Lien Notes (7.5% Notes) at AMC, and the Ca rating on the Senior Subordinated Notes (Sub Notes) of AMC. AMC's Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-4. The outlook for all Companys remains stable. In July, the Company announced [1] that it entered into a Transaction Support Agreement with key creditor groups, including certain holders of its 7.5% Notes, certain holders of Muvico Existing Exchangeable Notes, and certain lenders representing AMC's TL outstanding under its existing credit agreement. In connection with the agreement, (1) Muvico issued new $194 million (now with $154 million outstanding) 6.00%/8.00% Senior Secured Second-Lien Exchangeable Notes due 2030 (New Exchangeable Notes, unrated) which have a 1.25 lien claim on Muvico assets, effectively a second lien, and (2) AMC issued the 1.5 Notes comprised of approximately $267.0 million of incremental new money financing and an exchange of $590.0 million of 7.5% Notes for a total of approximately $857 million. These lenders have a 1.5 lien on Muvico assets, effectively third claim priority behind the New Exchangeable Notes at Muvico. As a result of the transaction, the 7.5% Notes (with a pro forma debt principal amount totaling approximately $360 million), which did not participate in the exchange for the 1.5 Notes, retained existing terms and conditions (e.g. notably, no lien on Muvico assets) and therefore have lower recovery prospects relative to the New Exchangeable Notes (which have a 1.25 lien on Muvico). In addition, Moody's rank the Existing Exchangeable Notes (with approximately $108 million outstanding) that did not participate in the exchange behind the New Exchangeable Notes and the 1.5 Notes due to a change in the definition of permitted liens to allow superior liens. Moody's expects the New Exchangeable Notes to be fully extinguished in the near term (in a stock exchange) when certain conditions are met (e.g. company stock price reaches a pre-determined level and noteholders elect to exchange). AMC ENTERTAINMENT: Reports $632.4MM 2025 Loss Amid Debt Refinancing ------------------------------------------------------------------- AMC Entertainment Holdings, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K reporting a net loss of $632.4 million for 2025, compared to a net loss of $352.6 million for 2024. The increased net loss stems primarily from non-cash charges associated with a transformative July 2025 refinancing that was highly beneficial for AMC, and which allowed AMC to fully redeem all of its 2026 maturities. Total revenues were $4,848.9 million compared to $4,637.2 million for 2024. As of December 31, 2025, the Company had $8,017.8 million in total assets, $9,912.6 in total liabilities, and $1,894.8 in total stockholders' deficit. 2025 Debt Refinancing and Additional Share Authorization During the year ended December 31, 2025, AMC completed a series of refinancing transactions with certain holders of its Existing 7.5% Notes, certain holders of the Existing Exchangeable Notes, and certain lenders of its term loans outstanding under our credit agreement. Additionally, at the 2025 Annual Meeting of Stockholders held on December 10, 2025, the Company's stockholders approved an amendment to the Company's certificate of incorporation to increase the total number of authorized shares of the Company's Common Stock from 550,000,000 to 1,100,000,000 shares of Common Stock. The increase in authorized shares allows for, among other things, the potential conversion of the Company's New Exchangeable Notes that were issued as part of the refinancing transactions. Liquidity and Capital Resources -- For the Year Ended December 31, 2025, Compared to the Year Ended December 31, 2024 AMC's consolidated revenues are primarily collected in cash, principally through admissions and food and beverage sales. The Comppany have an operating "float" which partially finances its operations and which generally permits us to maintain a smaller amount of working capital capacity. This float exists because admissions revenues are received in cash, while exhibition costs (primarily film rentals) are ordinarily paid to distributors from 20 to 45 days following receipt of admissions revenues. Film distributors generally release the films which they anticipate will be the most successful during the summer and year-end holiday seasons. Consequently, we typically generate higher revenues during such periods and experience higher working capital requirements following such periods. AMC had working capital deficits (excluding restricted cash) as of December 31, 2025 and December 31, 2024 of $(1,090.6) million and $(846.1) million, respectively. As of December 31, 2025 and December 31, 2024, working capital included operating lease liabilities of $560.0 million and $524.9 million, respectively, and deferred revenues of $465.5 million and $432.4 million, respectively. As of December 31, 2025, the Company had cash and cash equivalents of approximately $428.5 million compared to $632.3 million as of December 31, 2024. During the year ended December 31, 2025, AMC took action to lower its future interest expense of its fixed-rate debt through debt buybacks and exchanges for equity and enhanced liquidity through equity issuances. 2025 Refinancing Transactions -- On July 24, 2025, Muvico issued $857.0 million aggregate principal amount of New 2029 Notes in exchange for $590.0 million aggregate principal amount of Existing 7.5% Notes and $244.4 million of incremental, new money financing. -- On the same day, Muvico also issued $194.4 million aggregate principal amount of New Exchangeable Notes in exchange for $194.4 million aggregate principal amount of Existing Exchangeable Notes. -- On September 30, 2025, $39.9 million aggregate principal of New Exchangeable Notes were cancelled pursuant to a downward adjustment feature in the New Exchangeable Notes, which represented the maximum possible downward adjustment. We used the new money financing from the issuance of the New 2029 Notes to fully redeem the Company's Senior Subordinated Notes due 2026 and its Second Lien Notes, and also to pay consent fees to the Consenting Term Loan Lenders. The New Exchangeable Notes were not initially exchangeable into Common Stock. At the 2025 Annual Meeting, our stockholders approved an amendment to the Company's Certificate of Incorporation for the Authorized Share Increase which allowed for the New Exchangeable Notes to become exchangeable and lowered the interest rate to 1.5% cash interest. The Authorized Share Increase also allowed for a $15.0 million consent fee payable to Consenting Existing Exchangeable Noteholders to be payable in the form of shares of Common Stock, based on a price determined based on the average of the daily volume weighted average price of our Common Stock for the sixty consecutive trading days commencing on December 22, 2025. -- On December 22, 2025, the Company and the holders of the New Exchangeable Notes agreed to amend the New Exchangeable Notes Indenture to amend and restate the Exchange Rate and allow for up to $150.0 million of net proceeds from sales of at-the-market offerings. The amendments were memorialized in a supplemental indenture dated January 12, 2026. As consideration for the indenture amendments the Company will pay the New Exchangeable Noteholders a consent fee of $6.25 million payable in shares of Common Stock. The number of shares will be based on the average of the daily volume weighted average price of the Company's Common Stock for the sixty consecutive trading days commencing on December 22, 2025. Commenting on the 2025 results, AMC Chairman and CEO Adam Aron said, "2025 marked another important step forward for AMC. The North American box office improved modestly year‑over‑year, rising approximately 1.5%, while AMC once again outperformed, growing total revenue by 4.6% and Adjusted EBITDA by nearly 13% compared to 2024. This outperformance reflects our relentless focus on operating improvements and portfolio optimization and further demonstrates our leadership in the guest experience through world‑class marketing and loyalty programs, innovative food and beverage variety, and best‑in‑class premium large‑format offerings." Aron added, "AMC finished 2025 with all‑time per‑patron records in admissions revenue, food and beverage revenue, and total revenue, for both the fourth quarter and the full year. Our commitment to operating efficiency was also evident as we delivered a record‑setting contribution margin per patron for both the fourth quarter and full year. These achievements underscore what we've long believed: AMC is exceptionally well positioned to capitalize on a recovering box office. And as I have said many times before, the not-so-secret formula to a full box‑office recovery is straight forward, we need more great movies from our studio partners." Aron concluded, "Looking ahead, our studio partners are poised to deliver on their commitment to release more titles in 2026 and beyond, and this makes us increasingly optimistic. Encouragingly, the January North American box office was approximately 16% ahead of the same period last year, and the European box office growth has been even more significant. With a movie slate including such titles as SPIDER-MAN: BRAND NEW DAY, AVENGERS: DOOMSDAY, MOANA, DUNE: PART THREE, and THE ODYSSEY, we anticipate significant industry growth in the remainder of the year, and we believe AMC is well positioned to capture this growth and thrive with our unrivaled theatre footprint, industry leading premium formats, engaging loyalty programs, and exclusive concessions and merchandise offerings." A full text copy of the Company's Form 10-K is available at https://tinyurl.com/7bztjpd4 About AMC Entertainment AMC Entertainment Holdings, Inc., is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hotdogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. As of September 30, 2025, the Company had $8,020.7 million in total assets, $9,798.2 million in total liabilities, and $1,777.5 million in total stockholders' deficit. * * * In October 2025, Moody's Ratings assigned Caa2 ratings to AMC Entertainment Holdings, Inc.'s new Senior Secured First-Lien Notes due 2029 (1.5 Notes). Moody's downgraded Muvico, LLC's (Muvico) Backed Senior Secured Second-lien Notes (Existing Exchangeable Notes) rating to Caa3 from Caa2. Moody's affirmed AMC's Caa2 Corporate Family Rating and Caa2-PD Probability of Default Rating, and all other instrument ratings including the B3 on the Senior Secured First-Lien Term Loan at AMC (AMC TL) which is co-borrower with Muvico, the B3 on the Backed Senior Secured First-Lien Notes rating at Odeon Finco PLC (Odeon) (Odeon Notes), the Caa3 rating on the Senior Secured First-Lien Notes (7.5% Notes) at AMC, and the Ca rating on the Senior Subordinated Notes (Sub Notes) of AMC. AMC's Speculative Grade Liquidity Rating (SGL) remains unchanged at SGL-4. The outlook for all Companys remains stable. In July, the Company announced [1] that it entered into a Transaction Support Agreement with key creditor groups, including certain holders of its 7.5% Notes, certain holders of Muvico Existing Exchangeable Notes, and certain lenders representing AMC's TL outstanding under its existing credit agreement. In connection with the agreement, (1) Muvico issued new $194 million (now with $154 million outstanding) 6.00%/8.00% Senior Secured Second-Lien Exchangeable Notes due 2030 (New Exchangeable Notes, unrated) which have a 1.25 lien claim on Muvico assets, effectively a second lien, and (2) AMC issued the 1.5 Notes comprised of approximately $267.0 million of incremental new money financing and an exchange of $590.0 million of 7.5% Notes for a total of approximately $857 million. These lenders have a 1.5 lien on Muvico assets, effectively third claim priority behind the New Exchangeable Notes at Muvico. As a result of the transaction, the 7.5% Notes (with a pro forma debt principal amount totaling approximately $360 million), which did not participate in the exchange for the 1.5 Notes, retained existing terms and conditions (e.g. notably, no lien on Muvico assets) and therefore have lower recovery prospects relative to the New Exchangeable Notes (which have a 1.25 lien on Muvico). In addition, Moody's rank the Existing Exchangeable Notes (with approximately $108 million outstanding) that did not participate in the exchange behind the New Exchangeable Notes and the 1.5 Notes due to a change in the definition of permitted liens to allow superior liens. Moody's expects the New Exchangeable Notes to be fully extinguished in the near term (in a stock exchange) when certain conditions are met (e.g. company stock price reaches a pre-determined level and noteholders elect to exchange). AMERICA'S LISTING: Voluntary Chapter 11 Case Summary ---------------------------------------------------- Debtor: America's Listing Leaders, LLC d/b/a Ideal Agent 3505 E. Frontage Rd. Tampa, FL 33607 Business Description: America's Listing Leaders, Inc. is a real estate services company operating in Northwest Indiana, offering residential property transactions including buying, selling, and renting homes. The company provides tools for property search, market reports, and home valuations, and supports clients with access to brokers, home loans, and real estate education. Its platform emphasizes interactive features and local expertise to connect clients with properties across multiple cities in the region. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-01576 Debtor's Counsel: Alberto ("Al") F. Gomez, Jr., Esq. JOHNSON, POPE, BOKOR, RUPPEL, & BURNS, LLP 400 N Ashley Dr. #3100 Tampa, FL 33602 Tel: 813-225-2500 Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Stephen Johnston as chief executive officer. 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/MJ7O5RQ/Americas_Listing_Leaders_LLC__flmbke-26-01576__0001.0.pdf?mcid=tGE4TAMA AMERICAN POWER EQUIPMENT: Seeks Chapter 11 Bankruptcy in Alabama ---------------------------------------------------------------- On February 26, 2026, American Power Equipment, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Alabama. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About American Power Equipment, LLC American Power Equipment, LLC is an Alabama-based company that provides sales, rental, and maintenance services for industrial and commercial power generation equipment, including generators and related support systems. American Power Equipment, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10544) on February 26, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Henry A. Callaway handles the case. The Debtor is represented by Jason R. Watkins, Esq. and Alexandra K. Garrett, Esq. of Silver Voit Garrett & Watkins. ANCARLO BROTHERS: Hires Pedro Betancourt Diaz as Real Estate Agent ------------------------------------------------------------------ Ancarlo Brothers, Inc. seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Pedro Betancourt Diaz as real estate broker. The broker will market and sell the Debtor's property located at Road 866 Km 3.4, Sabana Seca Ward, Toa Baja, Puerto Rico. The broker will receive a commission equal to 3 percent of the gross sales price. As disclosed in the court filings, Pedro Betancourt Diaz is a "disinterested person" as defined in 11 U.S.C. Sec. 101(14). The broker can be reached at: Pedro Betancourt Diaz 971 Halcon St. Urb. Country Club Rio Peidras, PR 00924 Telephone: (787) 547-6521 About Ancarlo Brothers, Inc. Ancarlo Brothers owns a 20,791.76-square-meter parcel of land located at Road 866, Km 3.4, Sabana Seca Ward, Toa Baja, PR, with a comparable sales value estimated at $1.43 million. Ancarlo Brothers Inc. in Toa Baja, PR, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. D.P.R. Case No. 26-00423) on Feb. 4, 2026, listing $1,433,490 in assets and $1,303,440 in liabilities. Javier Eladio Lopez Quinones, signed the petition. LANDRAU RIVERA & ASSOC. serve as the Debtor's legal counsel. ANDERSON HAY: Court Extends Cash Collateral Access to May 1 ----------------------------------------------------------- Anderson Hay Enterprise, Inc. and its affiliates received another extension from the U.S. Bankruptcy Court for the Eastern District of Washington to use cash collateral to fund operations. The court entered a fourth interim order authorizing the Debtors to use cash collateral pursuant to their budget through May 1 or until the date that the order ceases to be in full force and effect or the occurrence of so-called termination events. Any payments made under the approved budget will be free and clear of the liens held by secured creditors, PGIM Real Estate Finance, LLC and AgWest Farm Credit, PCA. As adequate protection, the secured creditors will be granted replacement liens on the Debtors' assets similar to their pre-bankruptcy collateral and acquired after the Debtors' Chapter 11 filing, subject to the fee carveout. The replacement liens will have the same priority, validity and extent as the secured creditors' pre-bankruptcy liens. These liens do not apply to claims or recoveries arising under sections 542 to 553 of the Bankruptcy Code. In case the replacement liens prove inadequate, the secured creditors will retain their rights under section 507(b) of the Bankruptcy Code. The next hearing is scheduled for April 22. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/kE1CC from PacerMonitor.com. The Debtors have a complex secured financing structure, including AgWest's $25 million revolving note, additional term notes, and extensive security interests in machinery, equipment, crops, inventory, receivables, and valuable real property in Washington. PGIM similarly holds liens securing two loans totaling over $15 million, collateralized by real estate in Washington and Oregon. The Debtors also note agricultural liens arising under state law and UCC-perfected equipment liens held by various parties. AgWest, as secured creditor, is represented by: Daniel T. Hagen, Esq. Cairncross & Hempelmann, P.S. 524 Second Avenue, Suite 500 Seattle, WA 98104-2323 Telephone: (206) 587-0700 Facsimile: (206) 587-2308 dhagen@cairncross.com About Anderson Hay Enterprise Inc. Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on November 26, 2025. In the petition signed by Steve Gordon, CFO, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the case. James L. Day, Esq., at Bush Kornfeld LLP, represents the Debtor as legal counsel. ANDERSON HAY: Hires Gale W. Harding and Associates as Appraiser --------------------------------------------------------------- Anderson Hay Enterprise, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Washington to employ Gale W. Harding and Associates as appraiser. provide an appraisal of all the Debtors' respective equipment to establish the fair market value of the equipment. Further, the Debtors seek to retain Harding and Associates as a witness to establish equipment values for their respective Bankruptcy Cases to the extent necessary. Harding and Associates will charge a flat fee of $5,000 for the appraisal services Harding and Associates will charge an hourly rate of $200 for travel, preparation, and appearance as a witness for the Debtors in these Bankruptcy Cases. Harding and Associates is a "disinterested person" as that phrase is defined in section 101(14) of the Bankruptcy Code (as modified by Section 1103(b) of the Bankruptcy Code), according to court filings. The firm can be reached through: Gale W. Harding Gale W. Harding and Associates P.O. Box 761 Rexburg, ID 83440 Tel: (208) 351-3191 About Anderson Hay Enterprise, Inc. Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on November 26, 2025. In the petition signed by Steve Gordon, CFO, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the case. James L. Day, Esq., at Bush Kornfeld LLP, represents the Debtor as legal counsel. ANDERSON HAY: Taps Steven Benjamin Properties as Real Estate Broker ------------------------------------------------------------------- Anderson Hay Enterprise, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of Washington to employ Steven Benjamin Properties, LLC as real estate broker. The firm will provide real estate advisory, marketing, and brokerage services related to certain properties owned by MTA Holdings. These include multiple parcels in Ellensburg, Washington, and an industrial facility in Aurora, Oregon, commonly known as 23283 and 23261 Hubbard Cutoff Road, Aurora, Oregon, including Marion County tax parcels 510235, 330452, 510234, and 51022. The broker is entitled to a success-based commission of 7% of the gross sales price of any parcel sold or, in the event of a lease, 7% of the value of the monthly lease payments for the initial lease term, with any commission applicable to a second lease term reduced to 3.5%. If the firm is the sole broker involved in a sale or lease transaction and no other broker participates, the applicable commission for such transaction will be reduced to 3%. As disclosed in the court filings, SBP Estate is a "disinterested person" as that phrase is defined in section 101(14) of the Bankruptcy Code (as modified by section 1103(b) of the Bankruptcy Code). The firm can be reached through: S. Benjamin Faubion Steven Benjamin Properties, LLC 4102-4060 Us Hwy Chelan, WA 98816 Tel: (509) 952-6868 About Anderson Hay Enterprise, Inc. Anderson Hay Enterprise, Inc., together with its subsidiaries, supplies Pacific Northwest-grown forage products, including three-tie hay, bagged forage, compressed hay, and MAG bales, serving both consumer and commercial markets such as horse owners, small-acreage farms, retailers, and agricultural operations. The Company operates domestically and internationally, distributing hay to partners in more than 30 countries. Founded in 1960 and family-led since its inception, it focuses on producing consistent forage and maintaining long-term relationships across its supply chain. The Debtors sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Lead Case No. 25-02074) on November 26, 2025. In the petition signed by Steve Gordon, CFO, the Debtor disclosed up to $50 million in assets and up to $100 million in liabilities. Judge Whitman L. Holt oversees the case. James L. Day, Esq., at Bush Kornfeld LLP, represents the Debtor as legal counsel. ANTILLANA SUPER: Seeks to Hire Estelle Miller as Accountant ----------------------------------------------------------- Antillana Super Food Meat Corp seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to Estelle Miller, a certified public accountant practicing in Bellmore, New York. Ms. Miller will provide these services: (a) gather and verify all pertinent information required to compile and prepare monthly operating reports; (b) prepare, review, and file monthly operating reports for the Debtor during the course of the bankruptcy case. Ms. Miller will bill at a rate of $300 per report. The Debtor has paid an initial retainer of $3,000 on February 2, 2026. Ms. Miller disclosed in a court filing that she is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The accountant can be reached at: Estelle Miller Certified Public Accountant 1620 Ocean Ave Suite 1A Brooklyn, NY 11230 Telephone: (347) 570-7002 E-mail: estellemillercpa@gmail.com About Antillana Super Food Meat Corp Antillana Super Food Meat Corp sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No. 26-10221) on February 2, 2026. At the time of the filing, Debtor had estimated assets of between $0 and $50,000 and liabilities of between $500,001 and $1 million. Law Offices of Alla Kachan, P.C. is Debtor's legal counsel. APPLIED DIGITAL: S&P Affirms 'B+' ICR on Data Center Financing -------------------------------------------------------------- S&P Global Ratings affirmed its 'B+' issuer credit rating on Applied Digital Corp., balancing customer diversity with stronger contractual off-takers and weakening credit metrics from the APLD 2 transaction. S&P said, "The 'B+' ICR at Applied ComputeCo LLC remains with a positive outlook reflecting that we will likely raise it one notch upon lease commencement at its Ellendale, N.D., facilities. The subsidiary benefits from certain structural protections that partially insulate it from the parent. "The positive outlook on Applied Digital reflects that we have loosened required credit metrics for an upgrade to account for tenant diversity, such that we could raise the rating if FFO-to-debt is approaching 7% and EBITDA interest coverage is below 1.5x which will depend on contract economics, funding mix, and manageable construction risk on future development." Applied Digital Corp. subsidiary APLD ComputeCo2 LLC (APLD 2) plans to issue $2.15 billion of senior secured amortizing notes to fund construction of FAR-01 and FAR-02 data centers totaling 200 megawatts (MW) of critical IT load within the new Polaris Forge 2 campus in Harwood, N.D., that Oracle will occupy under a 15-year lease. S&P expects S&P Global Ratings-adjusted debt to EBITDA will be about 8x in 2028 (with full-year lease revenue) versus previous expectations of about 6x. Separately, Applied recently announced it is in advanced negotiations with an investment-grade tenant in the southern U.S. at its Delta Forge 1 campus for up to 300MW of critical IT load. Applied Digital's consolidated credit metrics are now more leveraged. The new $2.15 billion secured debt represents about 80% of the project cost. S&P said, "Most of the remaining capital comes from $450 million in preferred stock held by Macquarie (MAM), which we view as akin to debt, resulting in the project being almost entirely debt-funded on a consolidated basis at the parent. MAM's preferred equity outstanding will be about $900 million. This instrument carries a 12.75% payment-in-kind (PIK) or cash-pay dividend, which will step up in 2030 and approach a maximum of 16.75% by 2035. This high accrual rate encourages redemption and is therefore debt-like, in our view." However, there is also minimum liquidation multiple of 1.8x that makes this instrument expensive to take-out, and it cannot be exercised until 2028. While bondholders benefit from a debt amortization schedule that will gradually reduce debt outstanding at subsidiaries, the PIK accrual on the preferred equity at the parent level will limit deleveraging to about 0.5x per year. S&P's updated S&P Global Ratings-adjusted consolidated credit metric expectations: -- Debt to EBITDA of about 8x in 2028, 7.5x in 2029, and 7x in 2030 -- Funds from operations (FFO) to debt of about 6% in 2028, 6.7% in 2029, and 7.5% in 2030 -- EBITDA interest coverage about 1.5x per year through 2030, including PIK interest This represents deterioration relative to previous expectations of debt to EBITDA of about 6x in 2028, FFO to debt of about 8.5% in 2028, and EBITDA interest coverage of about 2x in 2028. S&P said, "We have loosened our upgrade triggers to account for improving tenant diversity but it is unclear if the company will achieve these metrics upon lease commencements. We believe Applied Digital will continue to develop new sites, funded largely with third-party capital for upfront investment." The partnership with MAM allows Applied Digital to retain its ownership stake of 85% but will likely result in mostly debt-financing. Therefore, credit metrics will depend largely on the economics of individual transactions, which can vary. The terms and financing plans of Polaris Forge 1 are not finalized and the timing and size of future transactions is difficult to predict. Construction risk at APLD 2 is commensurate with the rating. In S&P's view, the construction timeline is aggressive, contractor experience with AI data centers of this size somewhat limited, and power availability contingent on construction of a power substation. Data center construction can be delayed by supply chain issues for critical components, including power and cooling equipment, labor shortages in skilled trades, permitting delays, scheduling complexities, and weather. An independent engineer's report opines that completion time of six data halls is at the shorter end of benchmarks. While the plan to attract and retain labor resources is well considered, labor availability will be important given parallel construction efforts across two large data center buildings in a rural market. S&P said, "We also note that power is not immediately available, which adds complexity to the schedule. The site will be served by Minnkota Power Cooperative (MPC) with development of an on-site power substation. Construction of a permanent power substation is more complex than building a data center, in our view, and MPC will simultaneously work on the substation while the data center construction progresses." The electricity service agreement is not finalized yet but suggests an in-service date of June 1, 2026. If finalized, this would provide four months of cushion to the first ready-for-service date of Oct. 1, 2026. There are 4.5 MW of temporary power available to support construction, with 10 MW of temporary power expected by June 2026 to support ramp-up of commissioning activities. Mitigating factors include that all long-lead items have been secured by APLD 2 and that the local utility is experienced in building power substations. S&P also considers that Applied Digital recently completed a 100 MW AI data center on time and on budget in Ellendale, using Century Builders, one of the general contractors on this project. Construction delays at APLD 2 could trigger tenant termination rights. Oracle can terminate the lease if the project is more than 150 days late from phased ready-for-service dates beginning Oct. 1, 2026. This buffer is modestly tighter than several comparable projects. In fact, 57% of data center projects were delayed three months or more in 2025, according to Jones Lang LaSalle, a U.S. real estate services group. S&P believes this probability could be low, considering there may not be readily available alternatives to move into the supply-constrained environment. Still, there are no substitutes for the protections of contractual certainty, particularly if delivery is past termination-option dates. Applied Digital is fully exposed to changes in market, as well as off-taker-specific demands, renegotiation of terms, and cancellation in a long construction delay. The risk of cost overruns at Harwood is split with the general contractors. Construction managers Century Builders and Adolfson and Peterson Construction (A&P) will act as general contractors. Century will be responsible for the core and shell while A&P is responsible for mechanical, electrical, and plumbing. Guaranteed maximum price (GMP) contracts with each general contractor cap Applied's total cost at about $1.3 billion. S&P said, "While the contractors are unrated, we view the project as having sufficient liquidity to replace them in financial stress. This assumption considers the completion guarantee from Applied Digital and our view of the depth of the market for general contractors in Fargo, N.D." Significant other hard costs in the construction budget are not within the scope of the GMP, including about $960 million under the owner furnished contractor installed agreement. This is mostly related to electric equipment and mechanical equipment (as well as the substation). An owner's contingency of about $70 million within the budget represents about 5% of hard costs not included in the GMP budget. However, all such equipment has been fully sourced with orders placed, no delays, and the plan to receive equipment aligns with construction timelines. The total cost of $11.8 million per MW is in line with projects completed across North America. The independent engineer's report finds it within the benchmark range for data centers over 100 MW. S&P believes the strong contractual framework provides good earnings visibility. The company has a strong preleased contractual framework with Oracle (BBB/Negative), an investment-grade rating we view as a proxy for lease performance. A 2.5% annual escalator and modified gross-lease structure with power costs as a direct tenant expense allow for stable and predictable revenue, earnings, and cash flow. The lease is effectively noncancellable, since Oracle must pay a termination fee equivalent to the remaining base escalated rent lease payments if canceled for convenience. The FAR-1 and FAR-2 data centers are designed to be high-quality to support AI requirements. This site is designed with N+1 systems redundancy, in line with industry standards and approximating a Tier III design, or minimum 99.99% guaranteed uptime. This ensures concurrent maintainability while maintaining full operational capacity during maintenance single failure conditions, which would include 48 hours of on-site backup fuel supply for diesel power generators. S&P expects the average annual power-usage efficiency (PUE) ratio to be 1.15, which allows for efficient operations, mostly allocated to run IT equipment. This is at the stronger end of the industry and somewhat lower than that of peers farther south to account for colder temperatures in North Dakota. The building will utilize closed-loop liquid cooling, minimizing water usage, and in line with industry standards for power-hungry AI workloads. The risk of contract termination is low in operations, but rent credits are possible. The tenant has the right to terminate the applicable data hall that is interrupted by a service failure--with no early termination fees--if: -- Three or more chronic qualifying events occur in the same data hall in the same month; -- Four or more chronic qualifying events occur in the same data hall in any 12 consecutive month period; or -- Any single chronic qualifying event lasts for more than 24 hours. Events qualifying as service failures include: -- Power outage for any duration; -- Temperature unavailability that lasts for three consecutive hours or more; or -- Humidity unavailability that lasts three consecutive hours or more. S&P views the risk of a breach of the SLA that would allow for lease termination as low. The building design, with N+1 redundancy, typically provides for no more than 1.6 hours of annual downtime, according to the Uptime Institute. Dual sensors with automatic failover and gradual adjustment controls mitigate humidity variations and cooling system redundancy for air temperature. And the termination right is only available to an affected data hall, which are broken into 25 MW segments. Separately, a force majeure clause allows Oracle to terminate the lease without penalty if a major event puts the data center out of operations for more than 60 consecutive days. These include issues beyond the parties' control including natural disasters, government-mandated quarantines, acts of civil or military authorities, wars, and riots. This is at the lower end of benchmarks for force majeure leading to termination. However, the possibility of monthly service credits is higher. The service credits are applicable to the affected rack or row level and not the entire data hall. Oracle will receive rent credits on a sliding scale (up to 100%) if uptime is less than 99.9995% ("five nines"), or about 15 seconds a month (three minutes per year). This is more restrictive than agreements for some peers. For the Uptime Institute to certify a data center as Tier IV, or guaranteeing "five nines", it typically requires two independent sets of equipment for each component in the facility (2N), which is very expensive. Applied ComputeCo (Ellendale) benefits from partial insulation from the parent. These structural protections support rating upside upon lease commencement. The entity holds itself out as a separate entity, its financial performance and funding are highly independent from the group, it has no significant operational dependence on other group entities, and it maintains its own records and funding arrangements and does not commingle funds, assets, or cash flow. Lease payments flow into a lockbox account controlled by the collateral agent and distributed through a waterfall that includes operating expenses, mandatory debt amortization, interest expense, and excess cash flow offers, in that order. Upon lease commencement, the rating on Applied ComputeCo could be one notch higher than the rating on the parent provided that FFO to debt will rise above 9% and EBITDA interest coverage will be more than 1.75x (which we project at the subsidiary level). S&P said, "The positive outlook on Applied Digital reflects our view that a growing portfolio with investment-grade tenants could offset higher leverage, such that we could raise the rating if new contract economics and funding are supportive of revised credit metrics and construction risk on future development is manageable." S&P could lower the rating if: -- Credit metrics deteriorate to support additional projects or cost over-runs such that FFO to debt falls sustainably below 5%; or -- Projects are delayed and the probability of tenant termination increases, resulting in more uncertainty around earnings and cash flow. S&P could raise the rating one notch when leases commence if: -- FFO to debt approaches 7%; or -- EBITDA interest coverage will be more than 1.5x; ARTELLA SOLUTIONS: Taps Haselden Farrow PLLC as Bankruptcy Counsel ------------------------------------------------------------------ Artella Solutions, Inc. seeks preliminary approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Haselden Farrow PLLC as counsel. The firm will render these services: a. assist, advise and represent Debtor relative to the administration of this Bankruptcy Case; b. assist, advise and represent Debtor in analyzing its assets and liabilities, investigating the extent and validity of liens, and participating in and reviewing any proposed asset sales or dispositions; c. attend meetings and negotiate with the representatives of creditors; d. assist Debtor in the preparation, analysis, and negotiation of any Chapter 11 plan; e. take all necessary action to protect and preserve the interests of the Debtor; f. appear, as appropriate, before this Court, the Appellate Courts, Harris County District Courts, and other Courts in which matters may be heard and to protect the interests of the Debtor before said Courts and the United States Trustee; g. handle litigation that arises regarding claims asserted against Debtor or of its assets; and h. perform all other necessary legal services in these cases. The firm's current hourly billing rates are: Melissa A. Haselden $625 Elyse M. Farrow $495 Associates/Contract Attorneys $495 to $625 Legal Assistants/Paralegals/Law Clerks $175 to $225 On Feb. 6, 2026, the firm received a retainer in the amount of $5,000. As disclosed in the court filings, Haselden Farrow is to be engaged and is a "disinterested person" within the meaning of Section 101(14) of the Bankruptcy Code. The firm can be reached through: MELISSA A. HASELDEN, Esq. ELYSE M. FARROW, Esq. HASELDEN FARROW PLLC 708 Main St., 10th Floor Houston, TX 77002 Tel: (832) 819-1149 Fax: (866) 405-6038 Email: mhaselden@haseldenfarrow.com efarrow@haseldenfarrow.com About Artella Solutions Inc. Artella Solutions, Inc provides remote patient monitoring solutions focused on cardiac rhythm management. It is a Texas corporation and a wholly owned subsidiary of CorMedica Group, Inc. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-31092) on February 19, 2026. In the petition signed by Patrick Magill, president, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jeffrey P. Norman oversees the case. Melissa A. Haselden, Esq., at Haselden Farrow, PLLC, represents the Debtor as legal counsel. ARTIFICIAL INTELLIGENCE: Raises Authorized Shares to 31.3 Billion ----------------------------------------------------------------- Artificial Intelligence Technology Solutions, Inc. announced a coordinated capital structure initiative following Board of Directors approval and prior shareholder authorization. The initiative includes an increase in authorized common shares and the pending implementation of the Company's previously approved reverse stock split, currently under review by FINRA. Management views these actions as deliberate steps to align the Company's share structure with its long-term growth trajectory, institutional positioning objectives, and broader market advancement strategy. Pursuant to previously obtained majority shareholder consent and Board approval, the Company filed a Certificate of Amendment to increase its authorized common shares from 27.5 billion to 31.3 billion. This increase is intended to provide the Company with the necessary liquidity and financial flexibility for ongoing business operations and strategic execution. The Company expressly notes that if the reverse stock split is implemented during the effective period of this increase, the authorized share expansion will be withdrawn. Following completion of the reverse stock split, the Board expects to evaluate the Company's authorized share structure and may consider appropriate adjustments, including potential reductions, subject to applicable approvals. The authorized share increase is intended to support broader capital structure initiatives and provide flexibility for ongoing business operations, strategic execution, and potential institutional financing discussions. Management believes maintaining structural flexibility during this transitional phase is prudent as the Company continues to pursue uplisting objectives and strengthen its overall market positioning. The Company emphasizes that authorized shares do not equate to issued shares, and any future issuance would remain subject to Board oversight and strategic necessity. The Company has submitted its previously approved reverse stock split to FINRA for processing and the filing remains pending review. The reverse split is expected to reposition the Company's share structure in alignment with higher trading tier eligibility standards and broader capital market objectives. Upon completion, the Company intends to promptly evaluate its authorized share framework to ensure continued alignment with its operational scale, growth plans, and market advancement strategy. "These actions reflect a deliberate management approach to our capital structure management aligned with the Company's next phase of growth," said Steve Reinharz, CEO/CTO and founder of AITX. "Our objective remains on disciplined execution and attaining positive cash flow, which we are targeting for a May time frame. We are aggressively managing our expenses while our sales funnel continues to reach increased levels." The Company invites investors and interested parties to review its corporate profile, available at www.aitx.ai/request-aitx-company-profile/. About Artificial Intelligence Technology Headquartered in Ferndale, Mich., Artificial Intelligence Technology Solutions Inc. provides artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges, and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-R, RAD-M, and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, allowing experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staff and gain higher levels of situational awareness, all at drastically reduced costs. AITX solutions are well-suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. As of August 31, 2025, the Company had $9.53 million in total assets, $56.41 million in total liabilities, and a total stockholders' deficit of $47 million. Deer Park, Ill.-based L J Soldinger Associates, LLC, the Company's auditor since 2019, issued a "going concern" qualification in its report dated May 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2025, citing that the Company had negative cash flow from operating activities of approximately $12.2 million, an accumulated deficit of approximately $156.5 million and negative working capital of approximately $2.5 million as of and for the year ended February 28, 2025, which raises substantial doubt about its ability to continue as a going concern. ATARA BIOTHERAPEUTICS: Defers $9MM HCR Milestone Payment to 2028 ---------------------------------------------------------------- Atara Biotherapeutics, Inc. disclosed in a regulatory filing that it entered into an Amendment to the Purchase and Sale Agreement dated as of December 20, 2022, with HCR Molag Fund, L.P., a fund managed by HealthCare Royalty. Under the terms of the Amendment, HCR agreed to amend the due date of the one-time $9 million cash payment associated with the achievement of a certain milestone within the Amended and Restated Commercialization Agreement dated October 31, 2023, with Pierre Fabre Medicament, as amended, from June 30, 2026 to January 1, 2028. "We are thankful for this extension to our one-time cash payment to HCRx", said Cokey Nguyen, President and Chief Executive Officer of Atara. "This flexibility allows us to focus on addressing the concerns in the latest CRL with the agency, supporting our partners, Pierre Fabre. We believe in the potential of tabelecleucel and are optimistic about the path forward." In connection with the Amendment, the Company issued a warrant to purchase up to 400,000 shares of the Company's Common Stock. The exercise price of the Warrant is equal to $0.0001 per share, subject to adjustment as provided therein, and the Warrants will be exercisable immediately and has no expiration date. The holder will not have the right to exercise any portion of the Warrant if the holder (together with its affiliates) would beneficially own in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Warrants. The Warrant may be exercised through a cashless exercise, in which the net number of shares of Common Stock to be issued is determined according to a formula set forth in the Warrant. Full text copies of the Warrant and the Amendment are available at https://tinyurl.com/45umd56f and https://tinyurl.com/h3f5r4a8, respectively. About Atara Biotherapeutics Atara Biotherapeutics, Inc. -- atarabio.com -- is a biotechnology Company focused on developing off-the-shelf cell therapies that harness the power of the immune system to treat difficult-to-treat cancers and autoimmune conditions. With cutting-edge science and differentiated approach, Atara is the first Company in the world to receive regulatory approval of an allogeneic T-cell immunotherapy. The Company's advanced and versatile T-cell platform does not require T-cell receptor or HLA gene editing and forms the basis of a diverse portfolio of investigational therapies that target EBV, the root cause of certain diseases, in addition to next-generation AlloCAR-Ts designed for best-in-class opportunities across a broad range of hematological malignancies and B-cell driven autoimmune diseases. Atara is headquartered in Southern California. San Francisco, Calif.-based Deloitte & Touche LLP, the Company's auditor since 2013, issued a "going concern" qualification in its report dated March 7, 2025, attached to the Company's Annual Report on Form 10-K for the year ended Dec. 31, 2024, citing that the Company's recurring losses from operations raises substantial doubt about its ability to continue as a going concern. As of September 30, 2025, the Company had $30.2 million in total assets, $66.8 million in total liabilities, and $36.6 million in total stockholders' deficit. ATBIZ LLC: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: ATBIZ LLC 2900 Glades Circle, Suite 1000 Weston FL 33327 Business Description: ATBIZ is a Miami, Florida-based wholesale distributor and exporter of appliances, consumer electronics, furniture, and related products, serving retailers, importers, and distributors across the United States, the Caribbean, Central America, and South America. The company offers a catalog of products including TVs, audio equipment, small and large home appliances, health and beauty items, commercial appliances, and furniture. It also provides OEM and private-label manufacturing services, handling product design, quality control, and logistics for business clients. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Southern District of Florida Case No.: 26-12500 Debtor's Counsel: Geoffrey Aaronson, Esq. AARONSON SCHANTZ BAILEY P.A. 2 South Biscayne Boulevard Suite 3450 Miami FL 33131 Tel: (786) 594-3000 E-mail: gaaronson@aspalaw.com Estimated Assets: $0 to $50,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Giovanni Ramos 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/F5LVAIA/ATBIZ_LLC__flsbke-26-12500__0001.0.pdf?mcid=tGE4TAMA AURA MINERALS: S&P Raises ICR to 'BB-' on Improved Cash Flow ------------------------------------------------------------ S&P Global Ratings raised its issuer credit rating on Aura Minerals Inc. to 'BB-' from 'B+'. The stable outlook reflects S&P's expectation that Aura will continue increasing its production and gradually reducing its cash cost in the next two years. This, coupled with supportive gold prices, will allow the company to maintain its gross debt to EBITDA at 0.5x-1.0x and adequate liquidity. Higher gold prices and volumes will continue to support Aura's performance after record-high results in 2025. Record-high gold prices and Aura Minerals Inc.'s consistently increasing volumes will continue to boost its EBITDA and cash flow, which will fund its ongoing growth strategy. This will enable gross leverage to remain comfortably at 0.5x-1.0x, despite higher capital expenditure (capex) and dividends. Geopolitical and macroeconomic uncertainty fueled a surge in gold prices last year to about $3,700 per ounce (oz) from $1,900 in 2024. This, coupled with the start of Aura's operations in Borborema in the third quarter last year, has bolstered its results. The company reported an output of 280,000 oz, revenue of US$921 million, and EBITDA of US$549 million in 2025, compared with 267,232 oz, $594 million, and $268 million, respectively, in 2024. S&P said, "We believe persistent macroeconomic risks including trade frictions and regional conflicts will continue to keep gold prices elevated. Our current price deck assumes an average of $4,500 per oz in 2026, and trending downward to $3,700 in 2027 and $3,000 in 2028 from cyclical peaks. These price levels, coupled with increasing volumes mainly coming from the integration of Mineração Serra Grande (MSG) and the ramp-up of Borborema, will boost Aura's performance. "We forecast total output reaching approximately 365,000 oz in 2026 and 393,000 oz in 2027, and EBITDA to reach $871 million and $799 million, respectively, in the same years." S&P expects Aura to maintain robust free operating cash flow (FOCF) and low leverage despite higher investments. S&P forecasts capex to rise to $280 million in 2026 and $325 million in 2027 from $205 million in 2025, mostly for the following: -- The ramp-up and further expansion of Borborema in Brazil. The mine achieved commercial production in September 2025, and the company is committed to raising output to 65,000 - 77,000 oz in 2026 from 28,600 in 2025. Engineering studies and water assessments are underway to potentially double the plant's capacity. -- Expansion of the Almas plant in Brazil to increase its ore processing capacity to about 3 million from 2 million in 2025. Ongoing exploration and development investments in the North Phase 3 pit of Apoena in Brazil, which is expected to provide access to higher grades starting in 2027 and increase production. -- The beginning of construction of the Era Dorada project in Guatemala, considering groundwork and early-stage investments. However, capex for this mine can increase, as the full construction plan is yet to be approved by the board, with the decision expected in the first half of 2026. S&P said, "We believe Aura's internal cash generation will be more than enough to support higher capex, which will allow the company to maintain robust FOCF of $300 million in 2026 and $240 million in 2027, and low leverage, with gross debt to EBITDA of 0.5x-1.0x, compared with $53 million and 0.9x, respectively, in 2025. "However, we believe the company will also increase dividends amid higher cash flow. We forecast a payout of $213 million in 2026 and $150 million in 2027, compared with $116 million in 2025 and $43 million in 2024, but depending on the maintenance of a comfortable cash position." Ongoing investments to increase scale and diversification could result in a higher rating. The ramp-up of projects such as Almas and Borborema and the acquisition of MSG extend Aura's track record of developing new assets and capturing growth opportunities. However, it's remains smaller than similar or higher rated peers, while continuing to focus exclusively on one commodity (gold) and operating fewer assets, which can increase operating volatility in down cycles. Also, its exposure to issues such as social conflicts, project delays, or weather hazards continue to limit the rating. Nevertheless, the new projects, such as Era Dorada, Matupá in Brazil, and Tolda Fría in Colombia, and investments in increasing capacity at Aura's existing mines will raise its production. Also, S&P believes that Aura will continue to pursue strategic mergers and acquisitions (M&As) to support its growth, as was the case in the past. S&P said, "We believe the company has sufficient cushion in its metrics to absorb potential peaks in cash outflow or leverage in a scenario of higher capex or acquisitions. Still, once and if any new project is announced, we will reassess its impact on the company's credit profile. "The outlook is stable, reflecting our expectation that Aura will continue increasing its production in the next two years as it develops new projects to expand capacity in its existing mines, as well as gradually reducing its cash cost. We expect the company to maintain adjusted gross debt to EBITDA at 0.5x-1.0x thanks to favorable gold prices and increasing volumes, even in a scenario of higher capex and dividends. The stable outlook also reflects our expectation that Aura will maintain adequate liquidity. "We could downgrade Aura in the next 12-18 months if a drop in prices or weaker operational performance, because of lower ore grades or adverse weather conditions, reduces volumes, or if operational disruptions at its projects restrain output growth. At the same time, sustained high capex, aggressive dividend distribution, and increased working capital pressure could erode credit metrics, such as gross debt to EBITDA at consistently above 1.5x, could lead to a negative rating action. "Although unlikely, we could upgrade Aura in the next 12-18 months if the ramp-up of the current projects is faster than expected and the company proceeds with new expansion projects or M&As to widen its scale and diversification to other commodities. In such a scenario, we expect Aura to maintain adequate liquidity and a conservative approach to leverage." AVENGER FLIGHT: U.S. Trustee Appoints Creditors' Committee ---------------------------------------------------------- The U.S. Trustee for Region 3 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Avenger Flight Group, LLC and its affiliates. The committee members are: 1. Allegiant Air LLC Attn: Laura Overton, Esq. 1201 N. Town Center Drive Las Vegas, NV 89144 Phone: 702-830-8513 Email: laura.overton@allegiantair.com 2. Bow Systems (Private) Limited Attn: Shehzad Ahmed Mir 148, Street 15, Sector E-7 Islamabad, 44000 Pakistan Phone: 92-321-557-8922 Email: shehzad@bowsystems.com 3. Multi Pilot Simulations Attn: Philip Adrian Koningin Wihelminaweg, 449 Groenekan, 3737 BE The Netherlands Phone: 512-591-1674 Email: philip.adrian@mps.aero Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Avenger Flight Group LLC Avenger Flight Group, LLC provides low-cost training solutions for clients while preserving value, a high degree of quality and customer service at all times. The company has tailor-made its services toward rapidly growing Low Cost Carriers (LCC) which had been neglected in many occasions by other training providers. It has become the preferred training center for many US and international airlines, especially LCCs. Avenger Flight Group sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bank. D. Dela. Case No. 26-10183) on February 12, 2026, with between $100 million and $500 million in both assets and liabilities. Judge Mary F. Walrath oversees the case. Steven W. Golden at Pachulski Stang Ziehl & Jones, LLP represents the Debtor as legal counsel. AXIP ENERGY: Gets OK to Hire Epiq as Claims and Solicitation Agent ------------------------------------------------------------------ Axip Energy Services, LP and its affiliates received approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Epiq Corporate Restructuring, LLC as claims, noticing, and solicitation agent. Epiq will oversee the distribution of notices and will assist in the maintenance, processing, and docketing of proofs of claim filed in the Chapter 11 cases of the Debtors. Prior to the petition date, the Debtors provided the firm an advance in the amount of $25,000. Kate Mailloux, a senior director at Epiq, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kate Mailloux Epiq Corporate Restructuring, LLC 777 Third Avenue, 12th Floor New York, NY 10017 Telephone: (212) 225-9200 About Axip Energy Services LP Axip Energy Services, LP is a provider of natural gas contract compression services. Axip Energy Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90338) on February 22, 2026. In the petition signed by Ben Chesters, chief restructuring officer, the Debtor disclosed up to $500 million in both assets and liabilities. Judge Christopher M. Lopez oversees the case. Paul E. Heath, Esq., at Vinson & Elkins LLP represents the Debtor as counsel. Epiq Corporate Restructuring, LLC is the Debtors' claims, noticing, and solicitation agent. B-YOU ACADEMY: Taps Lube & Soto Law Offices as Bankruptcy Counsel ----------------------------------------------------------------- B-You Academy, LLC seeks approval from the U.S. Bankruptcy Court for the District of Puerto Rico to employ Lube & Soto Law Offices, PSC to handle its Chapter 11 case. The firm's counsel will be paid at these hourly rates: Teresa Lube Capo, Attorney $300 Madeline Soto Pacheco, Attorney $300 Paralegal $85 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $2,000 and the Chapter 11 filing fee of $1,738 from the Debtor. Ms. Lube Capo and Ms. Soto Pacheco disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Teresa Lube Capo, Esq. Madeline Soto Pacheco, Esq. Lube & Soto Law Offices, PSC P.O. Box 335090 Ponce, PR 00733 Telephone: (787) 841-1704 Email: lubeysoto@gmail.com About B-You Academy LLC B-You Academy, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 26-00512) on February 10, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Judge Mildred Caban Flores oversees the case. Teresa M. Lube Capo, Esq., and Madeline Soto Pacheco, Esq., at Lube & Soto Law Offices, PSC serve as the Debtor's counsel. BAER & ASSOCIATES: Gets Court OK to Use Cash Collateral ------------------------------------------------------- Baer & Associates, Inc. got the green light from the U.S. Bankruptcy Court for the District of Kansas to use cash collateral to fund its operations. At the recently held hearing, the court granted the Debtor's motion to use cash collateral in which secured creditors hold interest. Several creditors may hold UCC-1 liens on the Debtor's assets, including bank accounts and receivables. UCC-1 filings were made in Missouri by the U.S. Small Business Administration and Apollo Funding, LLC, though it is unclear whether filings were made in Kansas, where all assets are located. The SBA is believed to be the senior secured creditor and is owed approximately $123,420.33, exceeding the Debtor's scheduled assets of $106,450. As adequate protection, the Debtor offers monthly payments of $2,159 to the SBA beginning this month to cover the value of the collateral over five years. The Debtor's Chater 11 case was initiated on an emergency basis to prevent merchants from freezing its bank accounts, which would have halted daily operations. At the time of filing, the Debtor held $33,103 in bank accounts and $40,955 in accounts receivable, with additional receivables expected through normal operations. These funds are necessary to cover regular operating costs, and the Debtor has no alternative income source outside business operations. About Baer & Associates Inc. Baer & Associates, Inc. based in Prairie Village, Kansas, provides custom and innovative packaging solutions for manufacturers and businesses across various industries. The company offers sustainable and specialized packaging products, emphasizing supply chain support, food safety, and client-focused service. Founded in 1981, it serves both stock and custom packaging needs through its U.S. Operations. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Kan. Case No. 26-20151) on February 4, 2026. In the petition signed by Patrick M. Loftus, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Gary Mardian, Esq., at WEISNER & FRACKOWIAK LC, represents the Debtor as legal counsel. BARRETTS MINERALS: Pama Gay Foster Appointed to Committee --------------------------------------------------------- The U.S. Trustee for Region 7 appointed Pama Gay Foster as new member of the official committee of unsecured creditors in the Chapter 11 cases of Barretts Minerals, Inc. and its affiliates. Meanwhile, Frank Finch, who was appointed in October 2023, has withdrawn from the committee. The committee is now composed of: 1. Nelson S., Libell Jr. c/o Rachel Libell Counsel: The Gori Firm Attn: Beth Gori-Gregory 156 N. Main Street Edwardsville, IL 62025 Phone: (618) 659-9833 Email: beth@gorilaw.com 2. Aubrey Brinneman Hawk for the Estate of Tyler Brinneman Counsel: Weitz & Luxenberg, P.C. Attn: Perry Weitz & Justine Delaney, Esq 700 Broadway New York, NY 10003 Phone: (212)-558-5500 Email: pw@weitzlux.com Email: JDelaney@weitzlux.com 3. Pama Gay Foster MRHFM Law Firm Attn: Chris McKean Locust St., Ste. 1200 St. Louis, MO 63101 Phone: (314) 241-2003 Email: cmckean@mrhfmlaw.com 4. Estate of Teras Williams Janiele Harvey, Estate Representative Counsel: Simon Greenstone Panatier Attn: Leah C. Kagan 1201 Elm Street, Suite 3400 Dallas, TX 75270 Phone: (214) 276-7680 Email: lkagan@sgptrial.com 5. Estate of Kimberly Hatcher Randall J. Pitre, Executor Counsel: Simmons Hanly Conroy, LLP Attn: Lisa Nathanson Busch 112 Madison Ave New York, NY 10016 Phone: (212) 257-8482 Email: lbusch@simmonsfirm.com 6. Michael Perry Counsel: Dean Omar Branham Shirely, LLP Attn: J. Bradley Smith 302 N. Market St., Suite 300 Dallas, TX 75202 Phone: (214) 722-5990 Email: bsmith@dobslegal.com 7. Mark Sorum Counsel: Kazan, McClain, Satterley & Greenwood Attn: Joseph Satterley 55 Harrison Street, Suite 400 Oakland, CA 94607 Phone: (510) 302-1000 Email: jsatterley@kazanlaw.com About Barretts Minerals Barretts Minerals Inc. current operations are focused on the mining, beneficiating, processing, and sale of industrial talc. It historically supplied a relatively minor percentage of its sales into cosmetic applications. Barretts Minerals' talc is sold to distributors and third-party manufacturers for use in such parties' products, which are then incorporated into downstream products eventually sold to consumers. Barretts Minerals and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 23-90794) on Oct. 2, 2023. In the petition signed by its chief restructuring officer, David J. Gordon, Barretts Minerals disclosed $50 million to $100 million in assets and $10 million to $50 million in liabilities. Judge David R. Jones oversees the cases. The Debtors tapped Porter Hedges, LLP and Latham& Watkins, LLP as legal counsel; M3 Partners, LP as financial advisor; Jefferies, LLC as investment banker; and DJG Services, LLC as restructuring advisor. David J. Gordon of DJG Services serves as the Debtors' chief restructuring officer. Stretto, Inc. is the claims, noticing and solicitation agent and administrative advisor. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. Caplin & Drysdale, Chartered and Province, LLC serve as the committee's legal counsel and financial advisor, respectively. BARTRAM LOGISTICS: Gets Extension to Access Cash Collateral ----------------------------------------------------------- Bartram Logistics, LLC received another extension from the U.S. Bankruptcy Court for the Middle District of Tennessee to use cash collateral to fund operations. The court on March 4 issued its seventh interim order authorizing the Debtor to use cash collateral until the next hearing scheduled for March 31. Use of such collateral must be in accordance with previous interim cash collateral orders and the latest budget, subject to a 10% variance. To protect the interests of pre-bankruptcy secured creditors, the court granted them replacement liens on post-petition cash collateral, which are automatically perfected without additional filings. The order also required all parties holding funds owed to the Debtor to immediately transfer them to the Debtor. The order is available at https://is.gd/R2MZi5 from PacerMonitor.com. Bartram Logistics' assets include cash accounts, accounts receivable, and inventory, which may constitute cash collateral. Studio Bank asserts a secured claim of approximately $530,000, claiming an interest in the Debtor's accounts receivable and other assets via a UCC-1 filed in 2024. First Chatham Bank (also known as Cadence Bank) asserts a secured claim of approximately $2.3 million, claiming similar interests via a UCC-1 filed on April 28. All other creditors with UCC-1 filings, per the Tennessee Secretary of State, are merchant cash advance lenders. Studio Bank, as secured creditor, is represented by: David M. Anthony, Esq. Exo Legal PLLC P.O. Box 121616 Nashville, TN 37212 Telephone: (615) 869-0634 Facsimile: (615) 307-6076 david@exolegal.com First Chatham Bank, as secured creditor, is represented by: Bryan J. Sisto, Esq. Frost Brown Todd LLP 400 W. Market Street, Suite 3200 Louisville, KY 40202 Telephone: (502) 589-5400 Facsimile: (502) 581-1087 bsisto@fbtlaw.com About Bartram Logistics LLC Bartram Logistics, LLC, doing business as Bartram Electric, operates as an electrical subcontractor providing installation and related services for construction projects in the Southeastern United States. The company focuses on multifamily, hotel, and restaurant developments and undertakes electrical scopes of work under general contractors. It has completed more than 70 projects in the region and continues to work on dozens of active and contracted assignments. Bartram Logistics sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Tenn. Case No. 25-03788) on September 9, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and liabilities. Honorable Bankruptcy Judge Randal S. Mashburn handles the case. The Debtor is represented by Erin Malone-Smolla, Esq., at Bradley Arant Boult Cummings, LLP. BEACH-LASALLE PROPERTIES: Hires James M. Joyce Esq. as Counsel -------------------------------------------------------------- Beach-LaSalle Properties, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of New York to hire James M. Joyce, Esq. as counsel. The counsel will render these services: a. prepare and file on behalf of the employer all petitions, schedules, statements, plans, and other documents or pleadings; b. attend and represent the employer at all meetings or creditors, hearings, trials, conferences, and other proceedings, whether in or out of court; c. provide legal advice to the employer as to the rights, duties, and powers of the employer as a debtor in possession in a Chapter 11 case, and as to other matters arising in or related to the Chapter 11 case; and d. otherwise assist, advise, and represent the employer on matters related to the Chapter 11 case as requested by the employer. James M. Joyce will be paid at the hourly rate of $350, and $90 per hour for paralegal time. James M. Joyce will also be reimbursed for reasonable out-of-pocket expenses incurred. James M. Joyce, assured the Court that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code and does not represent any interest adverse to the Debtor and its estates. James M. Joyce can be reached at: James M. Joyce, Esq. 4733 transit Road Lancaster, NY 14043 Tel: (716) 656-0600 Fax: (716) 656-0607 E-mail: jmjoyce@lawyer.com About Beach-LaSalle Properties, LLC Beach-LaSalle Properties, LLC sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.Y. Case No. 26-10017) on January 6, 2026, listing $500,001 to $1 million in assets and $100,001 to $500,000 in liabilities. Judge Carl L Bucki presides over the case. James M. Joyce, Esq. serves as the Debtor's counsel. BELLA TUSCANY: Gets OK to Use Cash Collateral Until April 16 ------------------------------------------------------------ Bella Tuscany Windermere, Inc. received third interim approval from U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to use cash collateral through April 16. The court authorized the Debtor to use cash collateral to pay the amounts expressly authorized by the court; 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 creditors. The order requires Bella to meet all obligations imposed on a debtor-in-possession, including compliance with the Bankruptcy Code, maintaining insurance under its loan documents, and honoring court directives. Creditors will be granted replacement liens on cash collateral to the same extent and priority as their pre-bankruptcy liens. The order is without prejudice to later requests for modified adequate protection or further restrictions. A continued preliminary hearing is scheduled for April 16. A copy of the court's order and the Debtor's budget is available at https://shorturl.at/IFyWO from PacerMonitor.com. About Bella Tuscany Windermere Inc. Bella Tuscany Windermere Inc. operates in the restaurants industry. Bella Tuscany Windermere Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-07204) on November 6, 2025. In its petition, the Debtor reports estimated assets and liabilities between $1 million and $10 million each. Honorable Bankruptcy Judge Grace E. Robson handles the case. The Debtor is represented by Daniel A. Velasquez, Esq. of Latham, Luna, Eden & Beaudine, LLP. BIOLINERX LTD: Wins $7.2MM Arbitration Case vs Biokine ------------------------------------------------------ BioLineRx Ltd. disclosed in a regulatory filing that, in binding arbitration, the arbitrator issued a final award in favor of the Company, denying all claims asserted against it by Biokine Therapeutics Ltd. and awarding the Company expenses, including legal fees. As previously disclosed, in June 2024, Biokine filed a complaint against the Company alleging breach of contract and the purported failure to make certain payments to Biokine under the Company's in-licensing agreement with Biokine for motixafortide. The complaint, as subsequently amended, sought damages of approximately $7.2 million and declaratory judgment in favor of Biokine. About BioLineRx Ltd. Headquartered in Modi'in, Israel, BioLineRx is a commercial-stage biopharmaceutical company focused on developing life-changing therapies in oncology and rare diseases. Tel Aviv, Israel-based Kesselman & Kesselman, the Company's auditor since 2003, issued a "going concern" qualification in its report dated Mar. 31, 2025, attached to the Company's Annual Report on Form 20-F for the year ended Dec. 31, 2024, citing that the Company has suffered recurring losses from operations and has cash outflows from operating activities that indicate that a material uncertainty exists that may cast significant doubt (or raise substantial doubt as contemplated by PCAOB standards) about its ability to continue as a going concern. As of September 30, 2025, the Company had $39.8 million in total assets, $20.3 million in total liabilities, and $19.5 million in total equity. BLACKBEARD'S TRIPLE: Gets Extension to Access Cash Collateral ------------------------------------------------------------- Blackbeard's Triple Play, Inc. received another extension from the U.S. Bankruptcy Court for the Eastern District of North Carolina, New Bern Division, to use cash collateral to fund operations. The court on March 3 issued a fourth interim order authorizing the Debtor to use cash collateral in accordance with its budget through April 12 or until the order is terminated; the Debtor's plan of reorganization is confirmed; or a notice of default is filed. The Debtor projects total monthly operational expenses of $160,740 for the period from March 12 to April 12. The Debtor has identified multiple creditors that may assert liens on its accounts, accounts receivable, and related cash collateral, led by Newtek Bank, N.A., which the Debtor believes holds a first-priority lien from an SBA loan with an estimated balance of $454,293. Other asserted lienholders include Idea 247, Inc., US Foods, Inc., and various merchant cash advance and financing entities, each holding successively lower-priority UCC-filed security interests in accounts or receivables. The Debtor reports no known federal or state tax liens. As adequate protection, the court granted these secured creditors replacement liens on the Debtor's assets, maintaining the same priority, scope, and validity as their pre-bankruptcy liens. Noncompliance with the budget and reporting requirements and conversion of the Debtor's Chapter 11 case to one under Chapter 7 constitutes a default that may immediately terminate the Debtor's authority to use cash collateral. The next hearing is scheduled for April 6. About Blackbeard's Triple Play Inc. Blackbeard's Triple Play, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. N.C. Case No. 25-04908-5-DMW) on December 10, 2025. In the petition signed by Billy Dale Overbee, president, the Debtor disclosed up to $50,000 in assets and up to $10 million in liabilities. Judge David M. Warren oversees the case. David J. Haidt, Esq., at Ayers & Haidt, PA, represents the Debtor as legal counsel. BLOOM HOTELS: Hires Damian Valori Culmo as Bankruptcy Counsel ------------------------------------------------------------- Bloom Hotels 6060, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Damian Valori Culmo as counsel. The firm will render these services: (a) give advice to the Debtor with respect to its powers and duties as debtor in possession and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare motions, pleadings orders, applications and adversary proceedings, and other legal documents necessary in the administration of this case; (d) protect the interest of the Debtor in matters pending before the Court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan. The firm will charge $625 per hour for its services. The firm received a $50,000 retainer/deposit, plus the $1,738 filing fee, from an indirect equity owner, Miura Capital, LLC. As disclosed in the court filing, Damian Valori Culmo is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kristopher E. Pearson, Esq. DAMIAN | VALORI | CULMO 1010 Brickel Avenue, Suite 1020 Miami, FL 33131 Telephone: (305) 371-3960 Email: kpearson@dvcattorneys.com About Bloom Hotels 6060, LLC Bloom Hotels 6060, LLC owns the real property and improvements at 6060 Indian Creek Drive in Miami Beach, Florida, a waterfront condo-hotel complex. Bloom Hotels 6060, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11867) on February 16, 2026. In its petition, the Debtor reports estimated assets and liabilities between $10 million and $50 million each. Honorable Bankruptcy Judge Robert A. Mark handles the case. The Debtor is represented by Kristopher E. Pearson, Esq. of DAMIAN VALORI CULMO. BOXLIGHT CORP: Regains NASDAQ Compliance After CEO Resignation -------------------------------------------------------------- Boxlight Corporation has accepted the resignation of its Chief Executive Officer and Director, Mr. Dale Strang. Following Mr. Strang's resignation, the Company has regained compliance with the NASDAQ listing requirement to maintain a majority independent board of directors. About Boxlight Corp Boxlight Corporation, based in Duluth, Georgia, develops, sells, and services interactive technology solutions primarily for the education sector, with additional offerings for corporate and government clients. The Company designs, produces, and distributes interactive and non-interactive flat-panel displays, LED video walls, classroom audio systems, cameras, peripherals, STEM products, and software integrated into a classroom suite for learning, assessment, and collaboration. Boxlight sells its products through over 1,000 global reseller partners, reaching more than 1.5 million classrooms and meeting spaces in over 70 countries. In its audit report dated March 28, 2025, Forvis Mazars, LLP issued a "going concern" qualification citing that the Company has identified certain conditions relating to its outstanding debt and Series B and C Preferred Stock that are outside the control of the Company. In addition, the Company has generated recent losses. These factors, among others, raise substantial doubt regarding the Company's ability to continue as a going concern. The Company's Term Loan, which has an outstanding balance of $36.7 million as of September 30, 2025, matures on December 31, 2025. As of September 30, 2025, the Company's short-term debt will mature within three months. The Company is actively working to refinance its debt with new lenders. However there can be no assurance that these efforts will be successful prior to the maturity date at which time all amounts under the Term Loan will become due. The Company does not expect it will have the available resources, absent a financing or refinancing, to pay the loan when due. As of September 30, 2025, the Company had $99,590,000 in total assets, $90,544,000 in total liabilities, $28,509,000 in total mezzanine equity, and $19,463,000 in total stockholders' deficit. BRAND ARMY: Case Summary & 18 Unsecured Creditors ------------------------------------------------- Debtor: Brand Army Inc a/k/a Wink 21255 Burbank Blvd. Woodland Hills, CA 91367 Business Description: Brand Army Inc, doing business as Wink, operates a digital platform that enables creators to engage with audiences and monetize content through subscriptions, tips, and community interactions, providing services primarily online from its headquarters in Los Angeles, California. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10412 Judge: Hon. Victoria S Kaufman Debtor's Counsel: Ron Bender, Esq. LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P. 2818 La Cienega Ave. Los Angeles, CA 90034 Tel: (310) 229-1234 Fax: (310) 229-1244 E-mail: rb@lnbyg.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Ramon Mendez as president. A full-text copy of the petition, which includes a list of the Debtor's 18 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/Q6BOJEA/Brand_Army_Inc__cacbke-26-10412__0001.0.pdf?mcid=tGE4TAMA BRIGHT GREEN: Hires Kenimer Appraisal as Real Estate Appraiser -------------------------------------------------------------- Bright Green Corporation seeks approval from the U.S. Bankruptcy Court for the District of New Mexico to employ Kenimer Appraisal Services, LLC as its real estate appraiser and expert witness regarding real estate valuation. The firm will render these services: (a) conduct an appraisal of the Debtor's real estate and provide a report detailing its findings to the Debtor; and (b) offer expert testimony regarding the value of the Debtor's real estate in support of confirmation of the Plan. The firm will charge these rates: Appraisal of the Debtor's real estate: $17,500 Remote testimony: $250/hour, minimum charge of $1,000 In-person testimony: $3,000 per day (inclusive of all travel expenses). Kenimer is a "disinterested person" within the meaning Sec. 101(14) of the Code, and as required by Sec. 327(a) of the Code, according to court filings. The firm can be reached through: Joel Kenimer, ARA Kenimer Appraisal Services, LLC 509 Hillbrook Dr Nicholasville, KY Phone: (859) 707-6315 About Bright Green Corporation Bright Green Corporation was among the first entrants in the U.S. federally authorized cannabis space for research and medical development. Bright Green Corporation sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.M. Case No. 25-10195) on Feb. 22, 2025, listing up to $10 million in both assets and liabilities. Honorable Bankruptcy Judge Robert H. Jacobvitz handles the case. The Debtor tapped Michael Best & Friedrich LLP as bankruptcy counsel and Rodey, Dickason, Sloan, Akin, & Robb, PA as special litigation counsel. BUCKSKIN REALTY: Can't Avoid Foreclosure Sale of Two Lots --------------------------------------------------------- In the adversary proceeding captioned as Buckskin Realty Inc., Plaintiff, v. Windmont Homeowners Association, Inc., Eva Halpern, an individual, Allyson Phillips, an individual, Edward I. Kaplan, an individual, Young & Sommer, P.C., Cathy Hennessy, Defendants, Adv. Pro. No. 15-01004-nhl (Bankr. E.D.N.Y.), Judge Nancy Hershey Lord of the U.S. Bankruptcy Court for the Eastern District of New York concluded that Buckskin Realty Inc. has not met its burden to avoid the foreclosure sale of its two unimproved lots under 11 U.S.C. Sec. 547(b). Buckskin is a for-profit corporation and the successor of the sponsor of Windmont, a private, gated community located in Windham, New York. Prior to the filing of its bankruptcy petition, Buckskin owned two parcels, lot 15 and lot 16, located within Windmont. In August 2011, the WHA commenced a foreclosure action against Buckskin in New York State Supreme Court, Greene County, seeking to foreclose on the Lots based upon liens arising from the failure to pay common charge assessments due on the Lots. The WHA moved for a default judgment against Buckskin when it failed to answer or otherwise respond to the action. On September 28, 2012, the State Court issued a judgment of foreclosure and sale in favor of the WHA against Buckskin with respect to the Lots in the amount of $56,594.21, plus interest from July 23, 2012, together with costs and disbursements of $1,794.90, plus interest from September 28, 2012. The Judgment of Foreclosure and Sale was entered on October 12, 2012. Buckskin moved to vacate the default and the Judgment of Foreclosure and Sale, which motion was denied by the State Court on November 29, 2012. On January 8, 2013, hours before Buckskin filed its chapter 11 bankruptcy petition, the foreclosure sale of the Lots was held, and the WHA was the successful bidder with a bid of $61,880.99. Subsequently, Buckskin commenced this adversary proceeding against the WHA and other defendants. All of the defendants moved to dismiss, and Buckskin opposed the motions. By prior decisions, the Court dismissed all of Buckskin's claims except the cause of action against the WHA pursuant to Sec. 547, concluded that the Sec. 547 claim could not be determined as a matter of law, and determined that a trial was necessary to determine whether Sec. 547(b)(5) was satisfied. The WHA does not dispute that Sec. 547(b)(1)-(4) are satisfied by the foreclosure sale. The transfer resulted in a benefit to the WHA and was predicated on the Judgment of Foreclosure and Sale against Buckskin on account of the antecedent secured debt Buckskin owed to the WHA. The remaining question before the Court is whether the last element of Sec. 547(b) is satisfied -- whether the WHA received more from the sale than it would receive in a hypothetical chapter 7 liquidation. Buckskin asserts that, on January 8, 2013, the date of the foreclosure sale, Lot 15, consisting of 5 acres, was worth $117,500, and that Lot 16, consisting of 5.1 acres, was worth $120,000, significantly more than the WHA's winning bid of $61,880.99 and, therefore, the WHA received more than it would have in a chapter 7. Based upon the evidence presented, the Bankruptcy Court does not find that Buckskin's evidence is persuasive as to the value of the Lots. The absence of any evidence of the distance between the lots of the comparable sales to Buckskin's Lots severely impedes the Court's ability to fully determine whether a sold lot is, indeed, comparable to the Lots. The Bankruptcy Court concludes that Buckskin has not established that the WHA received more than it would in a hypothetical chapter 7 case and, therefore, cannot avoid the transfer under Sec. 547(b). A copy of the Court's decision dated February 27, 2026, is available at https://urlcurt.com/u?l=r9Z2Ao Attorney for Plaintiff Buckskin Realty Inc.: Wayne M. Greenwald, Esq. Jacobs P.C. 717 Fifth Avenue, 26th Floor New York, NY 10022 E-mail: wayne@jacobspc.com Attorney for Defendant Windmont Homeowners Association, Inc.: Barry G. Margolis, Esq. Abrams Garfinkel Margolis Bergson LLP 1430 Broadway, 17th floor New York, NY 10018 E-mail: bmargolis@agmblaw.com About Buckskin Realty Buckskin Realty, Inc. sought relief under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 13-40083) on Jan. 8, 2013. At the time of the filing, the Debtor disclosed up to $1 million in assets and up to $500,000 in liabilities. Judge Nancy Hershey Lord oversees the case. Wayne Greenwald, Esq., at Jacobs PC serves as the Debtor's counsel. BUILDSOL LLC: Hires Rivermark Solutions as Restructuring Advisor ---------------------------------------------------------------- Buildsol, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Rivermark Solutions, LLC as restructuring advisor. The firm will render these services: (a) financial analysis and modeling: review the Debtor's historical financial statements and general ledger to prepare cash-flow forecasts, budgets, and financial models; (b) cash management and reporting: implement systems to control cash receipts and disbursements, prioritize collections, and adjust vendor payments to preserve liquidity; (c) restructuring strategy: work with management and counsel to prepare a Chapter 11 plan, negotiate with lenders and trade creditors to reduce debt, and evaluate asset sales, refinancing, debtor-in-possession financing, and potential strategic transactions; and (d) marketing and sale support: if the Debtor elects to pursue a sale or recapitalization, prepare marketing materials, coordinate due diligence, solicit prospective capital providers or buyers, and assist in negotiations. The firm will charge the Debtor a bi-weekly retainer of $2,500 for chief restructuring officer (CRO)-level support. In addition, the firm will be entitled to a success fee of 4 percent of the enterprise value realized through a sale or refinancing of property (measured by gross sale proceeds or refinancing proceeds) or 4 percent of the principal reduction in secured debt achieved through negotiations, whichever is greater, plus reimbursement. The firm represents no interest adverse to the Debtor or to the estate on the matters upon which it is to be engaged. The firm can be reached at: Rivermark Solutions, LLC 10176 Baltimore National Pike, Suite 204 Ellicott City, MD 21042 About Buildsol LLC Buildsol, LLC is a privately held construction services company that provides project management and building solutions for residential and commercial developments. Buildsol, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-10248) on January 08, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Judge Maria Ellena Chavez-Ruark oversees the case. The Debtor tapped Charles Earl Walton, Esq., at Walton Law Group, LLC as counsel and Rivermark Solutions, LLC as restructuring advisor. BUILDSOL LLC: Seeks to Hire Walton Law Group as Bankruptcy Counsel ------------------------------------------------------------------ Buildsol, LLC seeks approval from the U.S. Bankruptcy Court for the District of Maryland to employ Walton Law Group, LLC as counsel. The firm will provide these services: (a) prepare and file all necessary bankruptcy pleadings on behalf of the Debtor; (b) negotiate with secured creditors regarding post-petition payments and a Chapter 11 Plan; (c) represent with respect to adversary and other proceedings in connection with the bankruptcy; (d) prepare the status reports and assist with preparing monthly operating reports, disclosure statements, and a plan of reorganization; (e) prepare and respond to any and all necessary pleadings and requests from the court, trustee, creditors, and any other interested party; and (f) advise the Debtor regarding its powers and duties in its continued and future financial affairs. The firm's hourly rates are as follows: Charles Walton, Attorney $475 Senior Associates $400 Junior Associates $250 Paralegal $175 Financial Analysis $75 Mr. Walton disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles E. Walton, Esq. Walton Law Group, LLC 10905 Fort Washington Road, Ste. 201 Fort Washington, MD 20744 Telephone: (301) 292-8357 Email: cwalton@cwaltonlaw.com About Buildsol LLC Buildsol, LLC is a privately held construction services company that provides project management and building solutions for residential and commercial developments. Buildsol, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Md. Case No. 26-10248) on January 08, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1,000,000 and estimated liabilities between $1 million and $10 million. Judge Maria Ellena Chavez-Ruark oversees the case. The Debtor tapped Charles Earl Walton, Esq., at Walton Law Group, LLC as counsel and Rivermark Solutions, LLC as restructuring advisor. C.D.S. MOVING: Seeks to Tap Weintraub Zolkin as Bankruptcy Counsel ------------------------------------------------------------------ C.D.S. Moving Equipment Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Weintraub Zolkin Talerico & Selth LLP as its general bankruptcy counsel. The firm will render these services: a. advice concerning the Debtor's rights, powers, and duties under Sections 1107 and 1108 of the Bankruptcy Code; b. advice concerning all general administrative matters in the Bankruptcy Case and dealings with the Office of the United States Trustee; c. represent the Debtor at all hearings before the United States Bankruptcy Court involving the Debtor in its capacity as debtor-in-possession and as reorganized debtor, as applicable, unless the Debtor is represented in that proceeding or hearing by other/special counsel; d. prepare the Debtor's behalf, as debtor-in-possession, of all necessary schedules and amendments thereto, applications, motions, orders and other legal papers; e. advice the Debtor regarding matters of bankruptcy law, including the Debtor's rights and remedies with respect to assets of their bankruptcy estate and creditor claims; f. represent the Debtor with regard to all contested matters; g. represent the Debtor in any litigation commenced by, or against, it, provided that such litigation is within the Firm's expertise and subject to a further engagement agreement with the Debtor on terms acceptable to Debtor and the Firm; h. represent the Debtor with regard to the negotiation, preparation and implementation of one or more plans of reorganization; i. analyze any secured, priority, or general unsecured claims that have been filed in the Bankruptcy Case; j. negotiate with the Debtor's secured and unsecured creditors regarding the amount and payment of claims; k. object to claims as may be appropriate; and l. perform all other legal services for the Debtor in its capacity as a debtor-in-possession, as may be necessary. The firm will be paid at these rates: Derrick Talerico, Partner $700 per hour Paige Rolfe, Associate $475 per hour The firm received a retainer in the amount of $18,250. As disclosed in the court filings, Weintraub Zolkin Talerico & Selth LLP is a "disinterested person" as that term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Derrick Talerico, Esq. WEINTRAUB, ZOLKIN TALERICO & SELTH LLP 11766 Wilshire Blvd Suite 730 Los Angeles CA 90025 Tel: (424) 500-8552 Email: dtalerico@wztslaw.com About C.D.S. Moving Equipment Inc. C.D.S. Moving Equipment, Inc. operates in the moving and storage supply sector, offering equipment and materials designed for professional relocation services. The company's product lineup includes moving dollies, protective pads, tie-downs, and other tools used by movers and transportation companies. C.D.S. Moving Equipment primarily serves commercial customers in the logistics and relocation market. C.D.S. Moving Equipment sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 25-21646) on December 29, 2025. In its petition, the Debtor listed up to $50,000 in assets and between $1 million and $10 million in liabilities. Honorable Bankruptcy Judge Julia W. Brand handles the case. CARBON HEALTH: Hires Alvarez & Marsal as Restructuring Advisor -------------------------------------------------------------- Carbon Health Technologies, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Alvarez & Marsal North America, LLC as restructuring advisors. The firm's services include: (a) assistance to the Debtors in the preparation of financial-related disclosures required by the Court, including the Debtors' Schedules of Assets and Liabilities, Statements of Financial Affairs and Monthly Operating Reports; (b) assistance to the Debtors with information and analyses required pursuant to the Debtors' debtor-in-possession financing; (c) assistance with the identification and implementation of short-term cash management procedures; (d) advisory assistance in connection with the development and implementation of key employee compensation and other critical employee benefit programs; (e) assistance in developing relevant materials for the Debtors board of directors (the "Board"); (f) assistance with the identification of executory contracts and leases and performance of cost/benefit evaluations with respect to the affirmation or rejection of each; (g) assistance to Debtors' management team and counsel focused on the coordination of resources related to the ongoing reorganization effort; (h) assistance in the preparation of financial information for distribution to creditors and others, including, but not limited to, cash flow projections and budgets, cash receipts and disbursement analysis, analysis of various asset and liability accounts, and analysis of proposed transactions for which Court approval is sought; (i) attendance at meetings and assistance in discussions with potential investors, banks, and other secured lenders, any official committee(s) appointed in these chapter 11 cases, the United States Trustee, other parties in interest and professionals hired by same, as requested; (j) analysis of creditor claims by type, entity, and individual claim, including assistance with development of databases, as necessary, to track such claims; (k) assistance in the preparation of information and analysis necessary for the confirmation of a plan of reorganization in these chapter 11 cases, including information contained in the disclosure statement; (l) assistance in the analysis and preparation of ordinary course tax returns for federal, state, and local jurisdictions and other bankruptcy related tax matters, as requested; (m) assistance in preparation of information or analysis in support of the Debtors or Debtors' legal counsel regarding various motions or pleadings during the pendency of the bankruptcy; and (n) rendering such other general business consulting or such other assistance as Debtors' management or counsel may deem necessary consistent with the role of a restructuring advisor to the extent that it would not be duplicative of services provided by other professionals in this proceeding. The firm will be paid at these rates: Managing Directors $1,200 to 1600 per hour Directors 900 to 1,175 per hour Associates 650 to 875 per hour Analysts 450 to 625 per hour A&M received $500,000 as a retainer. Douglas Staut, a managing director with Alvarez & Marsal North America, LLC, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. Sec. 101(14). The firm can be reached through: Douglas Staut Alvarez & Marsal North America, LLC 1600 Division Street, Suite 520 Nashville, TN 37203 Tel: (615) 932-6600 Fax: (615) 932-6601 About Carbon Health Founded in 2015, Carbon Health Technologies Inc. is a modern health tech company that offers in-person and virtual care for easier everyday health. Before the bankruptcy filing, Carbon Health Technologies operated 93 urgent care or primary care clinics in the states of Texas, Washington, California, Colorado, Kansas, Missouri, New Jersey and Massachusetts. On the Web: http://www.carbonhealth.com/ On Feb. 2, 2026, Carbon Health Technologies and 28 affiliated debtors each filed voluntary Chapter 11 petition (Bankr. S.D. Texas Lead Case No. 26-90306). At the time of the filing, Carbon Health Technologies reported $100 million to $500 million in both assets and liabilities. The cases are pending before the Honorable Christopher M. Lopez. Pachulski Stang Ziehl & Jones, LLP and Alvarez and Marsal serve as bankruptcy counsel and financial advisor, respectively. Kroll is the claims agent. KTBS Law is representing Future Solution Investments LLC, the agent for the pre-petition lenders and the DIP lenders. CARBON HEALTH: Hires Pachulski Stang Ziehl as Bankruptcy Counsel ---------------------------------------------------------------- Carbon Health Technologies, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Pachulski Stang Ziehl & Jones LLP as general bankruptcy counsel. The firm will render these services: a. assist, advise, and represent the Debtors in their consultations with estate constituents regarding the administration of these Chapter 11 Cases; b. assist, advise, and represent the Debtors in any manner relevant to the Debtors' financing needs, asset dispositions, and leases and other contractual obligations; c. assist, advise, and represent the Debtors in any issues associated with the acts, conduct, assets, liabilities, and financial condition of the Debtors; d. assist, advise, and represent the Debtors in the negotiation, formulation, and drafting of any plan of reorganization and disclosure statement; e. assist, advise, and represent the Debtors in the performance of their duties and the exercise of their powers under the Bankruptcy Code, the Bankruptcy Rules, and any applicable local rules and guidelines; and f. provide such other necessary advice and services as the Debtors may require in connection with these Chapter 11 Cases. The firm's standard hourly rates are: Partners $1,150 to $2,695 Of Counsel $1,175 to $2,050 Associates $725 to $1,350 Paraprofessionals $625 to $695 The firm received payments from the Debtors during the year prior to the Petition Date in the aggregate amount of $1,925,000. In addition, the firm will seek reimbursement for its out-of-pocket expenses. Pursuant to Part D1 of the 2013 UST Guidelines, the firm is seeking employment as counsel for the Debtors under section 327 of the Bankruptcy Code, and it hereby provides the following responses set forth below: Question: Did you agree to any variations from, or alternatives to, your standard or customary billing arrangements for this engagement? Answer: No. Question: Do any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months prepetition, disclose your billing rates and material financial terms for the prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and reasons for the difference? Answer: The material financial terms for the prepetition engagement remained the same, as the engagement was hourly based subject to economic adjustment. The billing rates and material financial terms for the post-petition period remain the same as the prepetition period subject to an annual economic adjustment. The standard hourly rates of the firm are subject to periodic adjustment in accordance with the Firm's practice. Question: Has your client approved your respective budget and staffing plan, and, if so, for what budget period? Answer: The Debtors and the firm expect to develop a prospective budget and staffing plan to comply with the U.S. Trustee's requests for information and additional disclosures, recognizing that in the course of these large chapter 11 cases there may be unforeseeable fees and expenses that will need to be addressed by the Debtors and the firm. Debra Grassgreen, Esq., a partner at Pachulski Stang Ziehl & Jones LLP, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Debra I. Grassgreen, Esq. Pachulski Stang Ziehl & Jones LLP One Sansome Street, Suite 3430 San Francisco, CA 94104 Tel: (415) 263-7000 Fax: (415) 263-7010 About Carbon Health Technologies Inc. Carbon Health Technologies Inc. provides health care technology solutions. The Company designs and develops care delivery systems that enable physicians to focus on their patients health records, book appointments, make payments, and conduct a video visit. Carbon Health Technologies serves customers in the United States. Carbon Health Technologies sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90306) on February 2, 2026. Judge Christopher M. Lopez presides over the case. The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Wilson Sonsini Goodrich & Rosati as counsel and Alvarez & Marsal North America, LLC as financial advisor. Kroll Restructuring Administration LLC is the Debtors' claims, noticing, and solicitation agent. CARBON HEALTH: Secures Court OK to Tap $20MM Chapter 11 Financing ----------------------------------------------------------------- Alex Wittenberg of Law360 Bankruptcy Authority reports that urgent care operator Carbon Health Technologies Inc. received final court approval Friday for its Chapter 11 debtor‑in‑possession financing, unlocking roughly $19.5 million in post‑petition funding that will be used to sustain operations during its bankruptcy case. The order from the U.S. Bankruptcy Court for the Southern District of Texas follows earlier interim approvals of financing for the reorganizing health services provider. The approved financing package is designed to provide Carbon Health with the liquidity needed to continue normal operations while it advances a restructuring plan and a parallel sale process under Chapter 11. Company leadership has said the funds will help ensure uninterrupted care at clinics and maintain payments to employees and vendors, according to report. Carbon Health entered Chapter 11 earlier in February 2026 after reaching a pre‑arranged restructuring agreement with its key lenders. The case is proceeding with a dual‑track approach that allows both a debt‑for‑equity recapitalization and a potential marketing of corporate assets to maximize creditor recoveries, the report relays. About Carbon Health Founded in 2015, Carbon Health Technologies Inc. is a modern healthtech company that offers in-person and virtual care for easier everyday health. Before the bankruptcy filing, Carbon Health Technologies operated 93 urgent care or primary care clinics in the states of Texas, Washington, California, Colorado, Kansas, Missouri, New Jersey and Massachusetts. On the Web: http://www.carbonhealth.com/ On Feb. 2, 2026, Carbon Health Technologies and 28 affiliated debtors each filed voluntary Chapter 11 petition (Bankr. S.D. Texas Lead Case No. 26-90306). At the time of the filing, Carbon Health Technologies reported $100 million to $500 million in both assets and liabilities. The cases are pending before the Honorable Christopher M. Lopez. Pachulski Stang Ziehl & Jones, LLP and Alvarez and Marsal serve as bankruptcy counsel and financial advisor, respectively. Kroll is the claims agent. KTBS Law is representing Future Solution Investments LLC, the agent for the pre-petition lenders and the DIP lenders. CAROLINA CLEANING: Seeks to Hire Richard P. Cook PLLC as Attorney ----------------------------------------------------------------- Carolina Cleaning Services LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Richard P. Cook, PLLC as attorney. The firm's services include: (a) analyze the Debtor's financial situation and render advice and assistance in determining whether to file a petition under Title 11 of the United States Code; (b) prepare and file any petition, schedule, statement of affairs, plan of reorganization, and other documents required by the court; (c) represent the Debtor at the meeting of creditors, confirmation hearing and any adjourned hearings thereof; and (d) represent the Debtor in adversary proceedings and other contested bankruptcy matters. The firm will be paid at these hourly rates: Richard Cook, Attorney $450 Paralegal $100 In addition, the firm will seek reimbursement for expenses incurred. In the event a recovery is received after the filing of an appeal of a final judgment, the Law Firm shall be entitled to a 40% fee of the gross amount of such recovery. The firm received a retainer in the amount of $7,500, inclusive of $1,738 filing fee. Richard Cook, Esq. of Richard P. Cook, PLLC, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Richard P. Cook, Esq. Richard P. Cook, PLLC 7036 Wrightsville Ave, Suite 101 Wilmington, NC 28403 Telephone: (910) 399-3458 E-mail: Richard@CapeFearDebtRelief.com About Carolina Cleaning Services LLC Carolina Cleaning Services LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00777) on February 20, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Joseph N. Callaway presides over the case. Richard Preston Cook, Esq. at Richard P. Cook, PLLC represents the Debtor as legal counsel. CAROLINA RENOVATION: Hires Essex Richards PA as Bankruptcy Counsel ------------------------------------------------------------------ Carolina Renovation Warehouse, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of North Carolina to hire Essex Richards, P.A. as bankruptcy counsel. The firm will render these services: (a) provide legal advice concerning the responsibilities as a Chapter 11 Debtor and the continued management of its business; (b) negotiate, prepare, and pursue confirmation of a Chapter 11 plan and approval of disclosure statement, and all related reorganization agreements and/or documents; (c) prepare all necessary motions, applications, reports, orders, objections and the like associated with prosecuting the Chapter 11 case; (d) prepare and appear in Bankruptcy Court to protect the Debtor's best interests; (e) perform all other legal services for the Debtor which may become necessary in this Chapter 11 case; and (f) prosecute and defend the Debtor in all adversary proceedings related to the base case. The firm's current hourly rates: John C. Woodman $475 Paralegal $200 Staff $65 In addition, the firm will seek reimbursement for expenses incurred. Mr. Woodman disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: John C. Woodman, Esq. Essex Richards, PA 1701 South Blvd. Charlotte, NC 28203 Telephone: (704) 377-4300 About Carolina Renovation Warehouse LLC Carolina Renovation Warehouse, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. N.C. Case No. 26-40048) on February 20, 2026. In the petition signed by Dustin C. Bealby, president, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Ashley Austin Edwards oversees the case. John C. Woodman, Esq., at Essex Richards PA, represents the Debtor as legal counsel. CARVANA CO: S&P Affirms 'BB-' ICR, Outlook Positive --------------------------------------------------- S&P Global Ratings affirmed its 'BB-' issuer credit rating on Carvana Co. following the inclusion of the tax receivable agreement (TRA) as a liability. While the TRA increases its S&P Global Ratings-adjusted debt by $2.3 billion, the company's cash position and free cash flow generation in 2025 were significantly higher than expected. Given forecast growth in earnings and further cash expected to accumulate on balance sheet, we continue to expect leverage to be comfortably below 3x in 2026. S&P said, "We also raised our issue-level rating on the existing senior secured debt to 'BB' and revised the recovery rating to '2' (rounded estimate: 70%) because the company reduced its reported debt position by about $500 million in 2025. We affirmed our 'B' issue-level rating on the company's senior unsecured debt; the recovery rating remains unchanged at '6' (rounded estimate: 0%). "The positive outlook reflects our view that we could upgrade Carvana over the next 12 months if the company continues growing sales and earnings while maintaining leverage comfortably below 3x and free operating cash flow (FOCF) to debt above 15%. "The affirmation reflects Carvana's sustained operating performance improvement, though we now incorporate the TRA balance as a liability. Sales increased 48.6% in fiscal 2025, driven by a 43% rise in unit sales." Profitability also strengthened, with EBITDA margins increasing to 10.6% from 9.4%. Retail gross profit per unit (GPU) for the full year remained stable at about $3,315 compared with $3,312 in the prior year. Its selling, general, and administrative costs per unit decreased to $3,433 from $3,886, benefiting from vertical integration, logistics enhancements, and economies of scale. Other gross profits continued to expand, supported by increased vehicle unit sales and higher finance and vehicle service contract attach rates. S&P said, "In the fourth quarter of 2025, the company recognized a $2.3 billion TRA liability, which we now include in our adjusted debt calculations. While this significantly increases its S&P Global Ratings-adjusted debt, Carvana's EBITDA, FOCF, and ending cash position for 2025 exceeded our expectations. This resulted in S&P Global Ratings-adjusted leverage increasing only to 2.9x and FOCF to debt of 13.6% as of year-end 2025. "We project top-line growth of 21% in 2026, fueled by unit sales expansion, while EBITDA margins moderate to 10.5% as the company prioritizes market share gains and other GPU sees a slight pullback. We anticipate increased advertising spending will support sales growth, but we forecast overall profit growth and expense leveraging will drive net leverage down to 2.6x in 2026 and 2.3x in 2027." Cost and efficiency management will be critical to sustaining strong margins despite further projected sales growth. Carvana's ambitious growth goal entails a significant increase in market share to 7% from approximately 1%, surpassing the current largest player, CarMax, which holds about 2%. S&P said, "As Carvana expands, we anticipate intensifying competition from traditional brick-and-mortar and other used-only dealers seeking to protect their market share. The long-term potential for online used car sales penetration remains uncertain, but we believe the market is still in a relatively nascent stage." Recent fourth-quarter 2025 results showed a year-over-year dip in retail GPU, partly attributable to operational challenges, staffing turnover at some reconditioning sites, and higher vehicle depreciation. S&P believes maintaining efficiency and disciplined cost control will be critical and difficult given the speed at which the company is growing. Additionally, maintaining a tight inventory turnover rate through close alignment of inventory and sales growth will be crucial. Overexpansion of inventory or reconditioning capacity ahead of sales could lead to increased vehicle depreciation and operating costs. S&P anticipates retail GPU will moderate over time to support continued sales growth. However, longer term, S&P believes unit sales growth, overhead expense leverage, and GPU discipline will continue driving EBITDA expansion. While Carvana's integrated financing model has supported strong profit growth, prudent risk management will be critical to mitigate cyclicality. Other GPU for full-year 2025 increased to $2,905 compared with $2,765 a year ago, driven by favorable cost of funds and strong attach rates, partially offset by passing some gains back to customers. Maintaining stringent underwriting standards will be crucial as the company expands unit sales. Relaxing these standards in pursuit of growth could lead to higher-than-expected loan loss rates and impair the company's ability to sell loans. A significant reduction or cessation of loan purchases by major buyers could materially weaken profitability and credit metrics. During periods of macroeconomic stress, gain on loan sales could also decline substantially if counterparties tighten their purchasing criteria. To mitigate these risks, S&P believes it's essential for Carvana to diversify its loan sale counterparties, maintain rigorous underwriting standards, and maintain a robust liquidity position. The company has made progress in diversification by securing three definitive loan purchase agreements with a total capacity of $12 billion in 2025, in addition to its existing $6 billion program with Ally. It currently also has ample liquidity given its large cash balance and strong cash flow generation. S&P said, "We consider Carvana's financial policy and deleveraging track record in any potential ratings upside, particularly given its more cyclical business model. While we forecast leverage will remain below 3x and FOCF to debt will exceed 15% by year-end 2026, we would want to see a sustained record of maintaining these metrics before considering an upgrade. In our modeling, we assume a moderate amount of share repurchases and acquisitions annually funded by excess FOCF, though the company's cash balance remains above $3 billion each year. In addition, there is still some uncertainty regarding Carvana's long-term planned use for its growing cash balance. This could include larger acquisitions or shareholder returns that are not in our base-case forecast. "We believe Carvana's business model is riskier than that of traditional dealerships due to its less diversified revenue streams, particularly its higher reliance on finance and insurance (F&I) product sales and a lack of significant parts and service revenue. Parts and service revenues tend to be more resilient during economic downturns. Therefore, maintaining a robust liquidity position and demonstrating a commitment to a conservative leverage profile will be critical for Carvana to achieve further ratings upgrades. "The positive outlook reflects our view that we could upgrade Carvana over the next 12 months if it continues growing its top line and EBITDA while maintaining leverage below 3x and FOCF to debt above 15%. "We could revise our outlook back to stable if we expect the company to manage leverage above 4x and FOCF to debt below 10% over the longer term." This could happen if: -- Operating performance deteriorates such that margins decline materially; or -- The company adopts a more aggressive financial policy and issues debt to fund acquisitions, growth initiatives, or shareholder returns. S&P could raise its ratings on Carvana if it continues expanding its top line while maintaining leverage below 3x and FOCF to debt above 15% and demonstrates a track record of maintaining these more conservative metrics. This could happen if: -- Unit sales and operating performance continue to improve, driving stronger EBITDA and FOCF; -- Carvana utilizes FOCF or cash on the balance sheet to reduce repay its debt balance; and -- S&P expects the company's financial policy to support leverage below 3x and FOCF to debt above 15%. CHAPMAN CBC: Court Extends Cash Collateral Access to March 17 ------------------------------------------------------------- Chapman CBC, LLC received another extension from the U.S. Bankruptcy Court for the Central District of California, Santa Ana Division, to use cash collateral. The court on March 4 authorized the Debtor's interim use of cash collateral from March 3 to 17, provided no funds are used for expenses related to the proposed Fullerton, California location in its budget, and the February and March payments to Strategic Funding Source, Inc. are set at $7,500 per month. Strategic Funding Source (Kapitus) asserts a security interest in the Debtor's property, including cash in the amount of approximately $100,188 pursuant to a 2024 agreement. As of January 6, the Debtor holds approximately $20,000 in cash on hand. The next hearing is set for March 17. The order is available at https://is.gd/crJiOI from PacerMonitor.com. About Chapman CBC Chapman CBC, LLC, a California-based craft brewery, sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 25-11286) on May 14, 2025, listing up to $1 million in assets and up to $10 million in liabilities. Wil Dee, president of Chapman CBC, signed the petition. Judge Mark D. Houle oversees the case. Gregory K. Jones, Esq., at Stradling Yocca Carlson & Rauth, LLP, represents the Debtor as legal counsel. CICC & SONS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------- Debtor: Cicc & Sons Investments, LLC 202 Main Entrance Dr. Pittsburgh, PA 15228 Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-20546 Debtor's Counsel: David Z. Valencik, Esq. CALAIARO VALENCIK 555 Grant Street Suite 300 Pittsburgh, PA 15219 Tel: 412-232-0930 Fax: 412-232-3858 Email: dvalencik@c-vlaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Chris Ciccarelli as managing member. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UXXJIKQ/Cicc__Sons_Investments_LLC__pawbke-26-20546__0001.0.pdf?mcid=tGE4TAMA CICCARELLI & SONS: Case Summary & 20 Largest Unsecured Creditors ---------------------------------------------------------------- Debtor: Ciccarelli & Sons, LLC 947 Country Club Dr Pittsburgh, PA 15228 Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Western District of Pennsylvania Case No.: 26-20547 Debtor's Counsel: Ryan J. Cooney, Esq. COONEY LAW OFFICES 223 Fourth Ave Pittsburgh, PA 15222 Tel: (412) 992-7597 E-mail: Rcooney@cooneylawyers.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Christopher M. Ciccarelli as authorized member. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VUZG5PI/Ciccarelli__Sons_LLC__pawbke-26-20547__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/VCVGVSI/Ciccarelli__Sons_LLC__pawbke-26-20547__0001.0.pdf?mcid=tGE4TAMA COAST TO COAST: Gets Interim OK to Use Cash Collateral ------------------------------------------------------ Coast to Coast Palm, LLC received interim approval from the U.S. Bankruptcy Court for the Southern District of Florida, West Palm Beach Division, to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral for court-approved payments; the budgeted expenses, plus up to a 10% variance per line item; and additional amounts with approval by lenders. This authorization will continue until further order of the court. Numerous lenders and funding companies may hold liens on the Debtor's assets such as equipment, accounts, receivables, inventory and deposit accounts. These lenders include Advance Service Group, Ascentium Capital, Broadway Advance, Commercial Industrial Finance, Corporation Service Company, CT Corporation System, Dynamic Equities Funding, FCS Advisors, Ilend Advance, In Advance, Lend Bug, Newtek Bank, Secured Lender Solutions, Swiss Fund, and the U.S. Small Business Administration. As adequate protection, lenders with a security interest in cash collateral will be granted a perfected post-petition lien on the collateral, with the same validity, priority and extent as their pre-bankruptcy liens. A continued hearing is scheduled for April 28. A copy of the Court's Order is available at https://urlcurt.com/u?l=EwHcfw from PacerMonitor.com. About Coast to Coast Palm Coast to Coast Palm, LLC, doing business as Coast to Coast Linen, provides commercial linen and textile rental and laundering services, supplying items such as uniforms and linens to business customers. The company operates from West Palm Beach, Florida, serving clients in the surrounding South Florida region. It operates within the industrial laundry and linen supply services industry. Coast to Coast Palm sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10247) on January 12, 2026. At the time of the filing, the Debtor listed between $100,001 and $500,000 in assets and between $1 million and $10 million in liabilities. Judge Mindy A. Mora oversees the case. Craig I. Kelley, Esq., at Kelley Kaplan Delaney & Eller, PLLC is the Debtor's legal counsel. COASTAL DEVELOPMENT: Case Summary & 20 Top Unsecured Creditors -------------------------------------------------------------- Debtor: Costal Development Group LLC d/b/a Covenant Development Group 1951 W. SR 426 Oviedo, FL 32765 Business Description: Costal Development Group LLC, doing business as Covenant Development Group, is a U.S.-based construction and property development firm that provides commercial and residential building services across Florida, Texas, Georgia, South Carolina, and Washington. The company offers planning, design, and construction management services, collaborating with architects, engineers, and trade partners to deliver projects using value-engineering and cost-efficient development strategies. It serves clients in sectors including restaurant and retail development, with projects associated with brands such as Burger King, Ellianos Coffee Company, and Island Fin Poke. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Middle District of Florida Case No.: 26-01353 Debtor's Counsel: Justin M. Luna, Esq. LATHAM LUNA EDEN & BEAUDINE LLP 201 S. Orange Avenue Suite 1400 Orlando, FL 32801 Tel: (407) 481-5800 Fax: (407) 481-5801 E-mail: jluna@lathamluna.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Rick Krack as manager. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BGMREWA/Costal_Development_Group_LLC__flmbke-26-01353__0001.0.pdf?mcid=tGE4TAMA COLD SPRING: Hires Porzio Bromberg & Newman as Special Counsel -------------------------------------------------------------- Cold Spring Acquisition, LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of New York to employ Porzio, Bromberg & Newman PC as special counsel. The firm will be prosecuting avoidance actions under Chapter 5 of the Bankruptcy Code for the purpose of recouping potential assets for the benefit of the Debtor's estate. The firm will be entitled to 1/3 or 33 percent of the recovery in prosecuting the avoidance actions on behalf of the Debtor's estate, whether by judgment or through settlement prior to or after commencing litigation. In addition, the firm will seek reimbursement for expenses incurred. Robert Schechter, Esq., a principal at Porzio, Bromberg & Newman, also provided the following in response to the request for additional information set forth in Section D of the Revised U.S. Trustee Guidelines: Question: Did you agree to any variations from, or alternatives to, your standard customary billing arrangements for this engagement? Answer: Yes, Porzio is not billing the Debtor's estate on an hourly basis as Porzio does for other matters. Porio's recovery is solely being done here on contingency (other than reimbursement of costs and expenses). Porzio has agreed to not alter these terms of the retention. Question: Did any of the professionals included in this engagement vary their rate based on the geographic location of the bankruptcy case? Answer: No. Question: If you represented the client in the 12 months preparation, disclose your billing rates and material financial terms for prepetition engagement, including any adjustments during the 12 months prepetition. If your billing rates and material financial terms have changed post-petition, explain the difference and the reasons for the difference. Answer: Porzio has not represented the Debtor in the 12 months prepetition. Question: Has your client approved your prospective budget and staffing plan, and if so, for what budget period? Answer: No. Mr. Schechter disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Robert M. Schechter, Esq. Porzio, Bromberg & Newman PC 14 Moebus Place Clinton, NJ 08809 Telephone: (973) 889-4373 Facsimile: (973) 538-5146 About Cold Spring Acquisition Cold Spring Acquisition LLC operates a 588-bed skilled nursing and rehabilitation facility in Woodbury, N.Y. In particular, the senior care facility provides hospice, dementia care, medical needs, as well as short-term and long-term rehabilitation care. The senior care facility also runs a senior day program. Cold Spring Acquisition sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 25-22002) on January 2, 2025. In its petition, the Debtor reported between $1 million and $10 million in assets and between $50 million and $100 million in liabilities. Judge Sean H. Lane oversees the case. The Debtor tapped Russell E. Potter, Esq., and Schuyler Carroll, Esq., at Manatt, Phelps & Phillips as bankruptcy counsel and Robert M. Schechter, Esq., at Porzio, Bromberg & Newman PC as special counsel. CONSCIOUS CONTENT: Plan Confirmation Hearing Scheduled for April 8 ------------------------------------------------------------------ Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware granted interim approval on the Combined Disclosure Statement and Joint Plan of Reorganization of Conscious Content Media Inc. and its affiliated debtors. The Court finds the Combined Disclosure Statement and Plan contains adequate information within the meaning of section 1125 of the Bankruptcy Code, subject to the Combined Hearing. In order to be counted as votes to accept or reject the Combined Disclosure Statement and Plan, all Ballots must be properly executed, completed and delivered by first class mail postage prepaid, personal delivery, or overnight courier to the Voting Agent, or the Voting Agent’s E-Balloting Portal (as described on the Ballot), so that the Ballots are actually received no later than 4:00 p.m. (ET) on April 1, 2026 (the "Voting Deadline") at the following address, by first class mail, hand delivery, or courier: Conscious Content Media Inc., et al. Ballot Processing, c/o Stretto, 410 Exchange, Suite 100, Irvine, CA 92602. If any Holder of a Claim seeks to challenge the allowance of its claim for voting purposes in accordance with the Tabulation Procedures, such Holder must file a motion, pursuant to Bankruptcy Rule 3018(a), for an order temporarily allowing its claim in a different amount or classification for purposes of voting to accept or reject the Combined Disclosure Statement and Plan (a "Rule 3018 Motion") and serve the Rule 3018 Motion on the Debtors so that it is received no later than March 20, 2026 at 4:00 PM (ET). The Debtors (and, with respect to filing a response, any other party in interest) shall then have until March 27, 2026 at 4:00 PM (ET) to file and serve any responses to Rule 3018 Motions (a "Rule 3018 Response") and will use reasonable effort to set the Rule 3018 Motion for hearing before the Combined Hearing. If the Court is unable to hear the Rule 3018 Motion before the Combined Hearing, such Rules 3018 Motion will be adjudicated as part of the Combined Hearing. Objections to final approval and confirmation of the Combined Disclosure Statement and Plan on any ground, including adequacy of the disclosures therein, if any, must: (a) be in writing, (b) comply with the Bankruptcy Rules and the Local Rules, and (c) be filed with the Clerk of the Court, 824 North Market Street, 3rd Floor, Wilmington, Delaware 19801, with a copy served upon: (a) the Debtors; (b) co-counsel to the Debtors: Lauren Friend McKelvey, Esq. David N. Tabakin, Esq. Reitler Kailas & Rosenblatt LLP E-mail: lmckelvey@reitlerlaw.com dtabakin@reitlerlaw.com - and - Daniel N. Brogan, Esq. Steven D. Adler, Esq. Bayard P.A. E-mail: dbrogan@bayardlaw.com sadler@bayardlaw.com (c) Counsel to DIP Agent: Kimberly A. Brown Elizabeth A. Rogers, Esq. Landis Rath & Cobb LLP E-mail: brown@lrclaw.com erogers@lrclaw.com (d) the Office of the United States Trustee for the District of Delaware: Timothy J. Fox, Jr., Esq. Office of the United States Trustee 844 King Street, Suite 2207, Lockbox 35 Wilmington, DE 19801 E-mail: timothy.fox@usdoj.gov (e) counsel to the Committee: Catherine Steege, Esq. Melissa Root, Esq. Jenner & Block LLP 353 N. Clark Street Chicago, IL 60654 E-mail: csteege@jenner.com mroot@jenner.com (f) co-counsel to the Committee: Joseph C. Barsalona II, Esq. Alexis R. Gambale, Esq. Pashman Stein Walder Hayden, P.C. 824 N. Market Street, Suite 800 Wilmington, DE 19801 E-mail: jbarsalona@pashmanstein.com agambale@pashmanstein.com so that they are received no later than April 1, 2026 at 4:00 PM (ET). Pursuant to Bankruptcy Rule 3017(d), March 23, 2026 shall be the record date for purposes of determining which Holders of Claims are entitled to receive Solicitation Package and, where applicable, vote on the Combined Disclosure Statement and Plan. The Bankruptcy Court will conduct a Combined Hearing for (i) final approval of the Combined Disclosure Statement and Plan and (ii) confirmation of the Combined Disclosure Statement and Plan. The Combined Hearing is scheduled for April 8, 2026 at 10:00 a.m. As shared by the Troubled Company Reporter, Conscious Content Media, Inc. and affiliates filed with the U.S. Bankruptcy Court for the District of Delaware a Combined Disclosure Statement and Joint Plan of Reorganization dated December 23, 2025. Originally founded in 2012, CCM is headquartered in New York and, as of the Petition Date, had approximately 50 full-time employees and five individual contractors. In 2016, CCM formed CCM Merger Sub II, Inc. in order to acquire Homer Learning, Inc. In 2021, CCM acquired codeSpark, Inc., Kidpass Inc., and Little Passports Inc. as a part of its strategic plan to build a multi age, multi-stage, multi-subject, and multi-modal portfolio capable of delivering the best educational start possible for children ages two to ten years old. CCM currently owns and controls each of the Subsidiary Debtors. In addition, CCM currently owns or controls, directly or indirectly, certain non-debtor subsidiaries. During the Chapter 11 Cases, the Debtors intend to operate their businesses in the ordinary course. Importantly, the Plan implements the Restructuring Transactions with every Secured creditor in these Chapter 11 Cases. The Debtors will continue to try to build consensus with other stakeholders after solicitation launch and before the Confirmation Hearing. The filing of the Debtors' bankruptcy petitions on the Petition Date triggered the immediate imposition of the automatic stay under section 362 of the Bankruptcy Code, which, with limited exceptions, enjoins all collection efforts and actions by creditors, the enforcement of Liens against property of the Debtors and both the commencement and the continuation of prepetition litigation against the Debtors. With certain limited exceptions and/or modifications as permitted by order of the Bankruptcy Court, the automatic stay remains in effect from the Petition Date until the Effective Date of the Plan. Class 8 shall consist of all General Unsecured Claims against the Debtors. Class 8 Claims are Impaired by the Plan and entitled to vote to accept or reject the Plan. The allowed unsecured claims total $5 to $7 million. Except to the extent that a Holder of a General Unsecured Claim agrees to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of, and in exchange for each General Unsecured Claim, on, or as soon as reasonably practicable after, the later of the Effective Date or the date such General Unsecured Claim becomes an Allowed Claim, each Holder of a General Unsecured Claim shall receive its Pro Rata share $250,000. Holders of a General Unsecured Claim may elect to receive the treatment of Class 7 through a New Notes Election. Holders of General Unsecured Claims who make the New Notes Election and who vote on the Plan will have deemed to have voted in Class 8. Class 10 shall consist of the Existing Equity Interests. Class 10 Claims are Impaired by the Plan and are therefore deemed to reject the Plan and not entitled to vote on the Plan. On the Effective Date, all Existing Equity Interests will be cancelled, released, and extinguished and shall be of no further force and effect. The Debtors prepared these financial projections based upon certain assumptions that they believe to be reasonable under the circumstances. The Financial Projections indicate, on a pro forma basis, that the projected level of cash flow is sufficient to satisfy the Debtors' future capital expenditures and other obligations during the applicable period. Accordingly, if the Chapter 11 Cases are commenced, the Debtors believe that confirmation of the Plan is not likely to be followed by the liquidation or further reorganization of the Reorganized Debtors. A full-text copy of the Combined Disclosure Statement and Joint Plan dated Dec. 23, 2025 is available at https://urlcurt.com/u?l=wpWUYN from Stretto, claims agent. A copy of the Court's Order dated Feb. 26, 2026, is available at https://urlcurt.com/u?l=oA6Eq0 from PacerMonitor.com. About Conscious Content Media Inc. Conscious Content Media Inc. is an education technology company focused on teaching children coding and digital skills. The company develops interactive learning platforms and curriculum for students as young as three, combining technology with educational content to enhance early childhood learning. Conscious Content Media and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 25-12231) on December 17, 2025. In its petition, Conscious Content Media reported between $100 million and $500 million in both assets and liabilities. The Hon. Bankruptcy Judge Brendan Linehan Shannon handles the case. The Debtors tapped Bayard PA and Reitler, Kailas & Rosenblatt, LLP as counsel and Eisner Advisory Group LLC as financial advisor. Stretto, Inc. is the claims and noticing agent and administrative advisor. On January 8, 2026, the Office of the United States Trustee for the District of Delaware appointed an official committee of unsecured creditors appointed in these Chapter 11 cases. The committee tapped Jenner & Block LLP as counsel, Pashman Stein Walder Hayden, PC as Delaware co-counsel, and Novo Advisors LLC as financial advisor. CONVEY HEALTH: New Mountain Marks $9.1M 1L Loan at 27% Off ---------------------------------------------------------- New Mountain Finance Corp. (NMFC) Senior Loan Program III LLC has marked its $9,123,000 loan extended to Convey Health Solutions, Inc. to market at $6,661,000 or 73% of the outstanding amount, according to New Mountain’s Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a first lien loan extended to Convey Health Solutions, Inc. The Loan accrues interest at a rate of SOFR(Q) 1.00% + 3.94%/PIK 8.71% per annum. The Loan matures on July 2029. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About Convey Health Solutions, Inc. Convey Health Solutions, Inc. is a healthcare-focused company providing technology-enabled services and solutions to support health plans and related organizations. CORNERSTONE BUILDING: Carlyle Marks $3.1M 1L Loan at 30% Off ------------------------------------------------------------ Carlyle Secured Lending, Inc. has marked its $3,128,000 loan extended to Cornerstone Building Brands, Inc. to market at $2,200,000 or 70% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Cornerstone Building Brands, Inc. The loan accrues interest at a rate of 8.25% per annum. The loan matures on May 15, 2031. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Cornerstone Building Brands, Inc. Cornerstone Building Brands, Inc. is a construction and building products company operating in the broader construction and building materials sector. CORNERSTONE BUILDING: Carlyle Marks $7.8M 1L Loan at 21% Off ------------------------------------------------------------ Carlyle Secured Lending, Inc. has marked its $7,876,000 loan extended to Cornerstone Building Brands, Inc. to market at $6,183,000 or 79% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Cornerstone Building Brands, Inc. The loan accrues interest at a rate of 9.38% per annum. The loan matures on Aug. 1, 2028. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Cornerstone Building Brands, Inc. Cornerstone Building Brands, Inc. is a construction and building products company operating in the broader construction and building materials sector. COUNTRY AIR: Soneet Kapila Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 21 appointed Soneet Kapila of Kapila Mukamal as Subchapter V trustee for Country Air and Refrigeration LLC. Mr. Kapila will be paid an hourly fee of $450 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Kapila declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Soneet R. Kapila Kapila Mukamal 1000 South Federal Highway, Suite 200 Fort Lauderdale, FL 33316 Tel: (954) 761-1011 Email: skapila@kapilamukamal.com About Country Air and Refrigeration Country Air and Refrigeration LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-12197) on February 23, 2026, with $100,001 to $500,000 in assets and liabilities. Judge Mindy A. Mora presides over the case. Julianne R. Frank, Esq. represents the Debtor as legal counsel. DALRADA FINANCIAL: Posts $4.4MM Q2 2026 Net Loss ------------------------------------------------ Dalrada Financial Corp. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss of $4,424,582 for the three months ended December 31, 2025, compared to net loss of $6,747,163 for the three months ended December 31, 2024. For the six months ended December 31, 2025, the Company reported a net loss of $10,487,650 compared to net loss of $13,546,077 for the six months ended December 31, 2024. Revenues for the three months ended December 31, 2025, was $1,549,570 compared with revenue of $1,739,251 during the three months ended December 31, 2024. Revenues for the six months ended December 31, 2025, was $3,508,387 compared with revenue of $6,203,531 during the six months ended December 31, 2024 As of December 31, 2025, and June 30, 2025, the Company had negative working capital of $15,341,014 and $8,001,819, respectively. As of December 31, 2025, the Company had $17,587,222 in total assets, $34,490,596 in total liabilities, and $16,903,374 in total stockholders' deficit. Dalrada's net loss and limited working capital raise substantial doubt about its ability to continue as a going concern. The Company will be required to raise substantial capital to fund its capital expenditures, working capital, and other cash requirements. It will continue to rely on related parties and seek other financing to complete our business plans. The successful outcome of future financing activities cannot be determined at this time and there are no assurances that, if achieved, the Company will have sufficient funds to execute its intended business plan or generate positive operational results. In addition to its current deficit, the Company may incur additional losses during the foreseeable future, until it is able to successfully execute our business plan. There is no assurance that the Company will be able to obtain additional financing through private placements and/or public offerings necessary to support its working capital requirements. To the extent that funds generated from any private placements and/or public offerings are insufficient, the Company will have to raise additional working capital through other sources, such as bank loans and/or financings. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. Dalrada said, "We are incurring increased costs as a result of being a publicly traded company. As a public company, we incur significant legal, accounting and other expenses that we did not incur as a private company. In addition, the Sarbanes-Oxley Act of 2002, as well as new rules subsequently implemented by the Securities and Exchange Commission, have required changes in corporate governance practices of public companies. These new rules and regulations have increased our legal and financial compliance costs and have made some activities more time-consuming and costly." "For example, as a result of becoming a public company, we have created additional board committees and have adopted policies regarding internal controls and disclosure controls and procedures. In addition, we have incurred additional costs associated with our public company reporting requirements. "As a result of the new rules, it may become more difficult for us to attract and retain qualified persons to serve on our Board of Directors or as executive officers. We cannot predict or estimate the amount of additional costs we may incur as a result of being a public company or the timing of such costs." A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/mpu6ym6c About Dalrada Dalrada Financial Corporation accelerates change for current and future generations by harnessing true potential and developing products and services that become transformative innovations. It five business divisions: Genefic, Dalrada Climate Technology, Dalrada Precision Manufacturing, Dalrada Technologies, and Dalrada Corporate. Within each of these divisions, the Company drives transformative innovation while creating solutions that are sustainable, accessible, and affordable. Dalrada's global solutions directly address climate change, gaps in the health care industry, and technology needs that facilitate a new era of human behavior and interaction and ensure a bright future for the world around us. San Diego, California-based CM3 Advisory, the Company's auditor since 2024, issued a "going concern" qualification in its report dated September 29, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has suffered recurring losses from operations and has a net capital deficiency that raises substantial doubt about its ability to continue as a going concern. DAVENN LLC: Melissa Haselden Named Subchapter V Trustee ------------------------------------------------------- The U.S. Trustee for Region 7 appointed Melissa Haselden, Esq., at Haselden Farrow, PLLC as Subchapter V trustee for Davenn LLC. Ms. Haselden will be paid an hourly fee of $625 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Haselden declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Melissa A. Haselden, Esq. Haselden Farrow, PLLC 700 Milam, Suite 1300 Pennzoil Place Houston, TX 77002 Telephone: (832) 819-1149 Facsimile: (866) 405-6038 mhaselden@haseldenfarrow.com About Davenn LLC Davenn LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Case No. 26-31079) on February 19, 2026, with up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Eduardo V. Rodriguez presides over the case. Manolo R. Santiago, Esq., at Herrin Law, PLLC represents the Debtor as bankruptcy counsel. DC CABLE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------- Debtor: DC Cable & Telecommunications LLC 112 Orchard Hill Road Elmira NY 14903 Business Description: DC Cable and Telecommunications, LLC is a family-owned underground contracting company serving the Twin Tiers region of New York and Pennsylvania, providing trenchless utility cable installation, directional drilling, trenching, hydro excavation, and related underground services for residential and commercial customers. The company installs underground water, sewer, electric lines, conduits, electric fences, and electric vehicle charging stations, and has operated since 2008 with more than 27 years of industry experience through its ownership. In 2018, it shifted its focus exclusively to underground work, positioning itself within the utility and specialty excavation contracting industry. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Western District of New York Case No.: 26-20130 Judge: Hon. Warren, USBJ Debtor's Counsel: Charles E. Andersen, Esq. CEA DEBT LEGAL SERVICES 100 N. Main Street Ste 310B Elmira NY 14901 Tel: 617-339-8669 E-mail: charanders4@aol.com Total Assets: $1,197,217 Total Liabilities: $1,993,374 The petition was signed by Donald G. Crouch as CEO. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/PACZFSY/DC_Cable__Telecommunications__nywbke-26-20130__0001.0.pdf?mcid=tGE4TAMA DDH FUND: Seeks Chapter 11 Bankruptcy in Florida ------------------------------------------------ On March 1, 2026, Ddh Fund, LLC filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Florida. According to court filings, the Debtor reports between $10 million and $50 million in debt owed to between 50 and 99 creditors. About Ddh Fund, LLC Ddh Fund, LLC is a Florida-based limited liability company operating as an investment and asset management entity. Ddh Fund, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-01640) on March 1, 2026. In its petition, the Debtor reports estimated assets between $10 million and $50 million and estimated liabilities within the same range. Honorable Bankruptcy Judge Catherine Peek McEwen handles the case. The Debtor is represented by Joseph A. Pack, Esq. of Pack Law. DIGITAL DOLPHIN: Seeks to Tap Larson & Zirzow as Bankruptcy Counsel ------------------------------------------------------------------- Digital Dolphin Products, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Larson & Zirzow, LLC as counsel. The firm will render these services: (a) prepare on behalf of the Debtor all legal papers in connection with the administration of its bankruptcy estate; (b) take all necessary or appropriate actions in connection with a plan of reorganization and all related documents, and such further actions as may be required in connection with the administration of the Debtor's estate; (c) take all necessary actions to protect and preserve the Debtor's estate; and (d) perform all other necessary legal services in connection with the prosecution of the Chapter 11 case. The firm will be paid at these hourly rates: Matthew Zirzow, Principal $650 Zachariah Larson, Principal $650 Benjamin Chambliss, Associate $500 Patricia Huelsman, Paralegal $295 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total pre-petition retainer of $40,000 from the Debtor. Mr. Zirzow disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matthew C. Zirzow, Esq. Larson & Zirzow, LLC 850 E. Bonneville Ave. Las Vegas, NV 89101 Telephone: (702) 382-1170 Facsimile: (702) 382-1169 Email: mzirzow@lzlawnv.com About Digital Dolphin Products LLC Digital Dolphin Products, LLC, based in Henderson, Nevada, is a veteran-owned small business that supplies ink, toner, and office equipment. Founded in 2006 by Joe Hiller and Alan Jacob, the company leverages over 17 years of experience in sales and customer service to provide solutions and support to its customers. Digital Dolphin Products operates in the office supply industry with a focus on expanding its product offerings in the U.S. market. Digital Dolphin Products sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 26-11119) on Feb. 23, 2026, listing up to $10 million in both assets and liabilities. Judge August B. Landis oversees the case. Matthew C. Zirzow, Esq., at Larson & Zirzow, LLC serves as the Debtor's counsel. DIOCESE OF BUFFALO: Consent Required for Third-Party Releases ------------------------------------------------------------- The Hon. Carl L. Bucki of the U.S. Bankruptcy Court for the Western District of New York ordered the Diocese of Buffalo, N.Y. to re-design a ballot that will require creditors to express their consent for third-party releases. The Diocese of Buffalo, N.Y., filed a petition for relief under Chapter 11 of the Bankruptcy Code on February 28, 2020. Thereafter, more than 900 claims were filed by individuals seeking damages for alleged instances of sexual abuse. After months of negotiation and with the assistance of several mediators, a tentative settlement was reached among the Diocese, the Official Committee of Unsecured Creditors, multiple insurance companies, and a steering committee of parishes. This settlement then became an essential component of a joint reorganization plan that the debtor and the Committee filed on October 1, 2025. Among other provisions, the proposed plan contemplates the grant of third-party releases for the benefit of parishes and other entities affiliated with the Diocese. On November 7, 2025, the Diocese filed a motion seeking guidance with regard to various procedural issues, including processes for approving a disclosure statement, for voting on a plan and for giving consent to third-party releases. The debtor and the Committee contend that if creditors receive adequate disclosure and notice, consent can be established by the absence of opposition to third-party releases. Thus, the plan proponents have suggested a confirmation ballot that allows creditors to "opt-out" of the contemplated releases. Under this scheme, if creditors are silent, their consent would be assumed. The Office of the United States Trustee objects. It contends that a release should bind only those creditors who affirmatively "opt-in" to the proposal by giving their explicit consent. The Diocese and the Committee argue that Bankruptcy Courts should develop a federal common law that will infer consent from the absence of objection. The Court disagrees. The debtor is a New York corporation whose principal and only place of business is in this state. Claims against the debtor arose from activities that occurred within the same jurisdiction. For most abuse victims, the current ability to assert claims derives from legislation that the New York State legislature adopted in 2019. Consequently, any third-party releases will address claims that arise under New York law. By reason of these many relationships, the law of New York will set the controlling guidelines for consent. The longstanding rule in New York is that silence does not constitute consent, except in instances where estoppel might apply. The debtor and Committee essentially contend that by silence, creditors are estopped from denying their consent to a third-party release. According to the Court, this attempt to find an estoppel is both ineffective as a matter of law and inappropriate as an exercise of bankruptcy process. Because a release of third parties is an action outside the bankruptcy process, any granting of consent is further removed from the authority of the Committee. Simply put, the Committee has no power or right to consent to a third-party release, even if creditors were allowed an opportunity to opt-out of that arrangement. For these reasons, the Court rejects the debtor’s call to create a federal common law on the issue of consent. But even if it were to accept this suggestion, any such common law would more appropriately command that creditors affirmatively express their consent for third-party releases. Judge Bucki says, "Transparency is an essential feature of the reorganization process. When a plan proposes a third-party release, the disclosure statement must identify this provision without ambiguity. The expression of consent should be similarly deliberate. Accordingly, the debtor and Committee are directed to re-design a ballot that will require creditors expressly to 'opt-in' to a release of third parties. The plan and disclosure statement should also be modified to reflect this approach and to correct any deficiencies in the previously filed documents." The plan proponents are directed to file an amended disclosure statement, plan and ballot no later than March 31, 2026. Thereafter, the Court will promptly schedule a further hearing on the debtor’s motion to set procedures that will advance this case toward confirmation. A copy of the Court's decision dated February 27, 2026, is available at https://urlcurt.com/u?l=sCC8zx from PacerMonitor.com. About The Diocese of Buffalo, N.Y. The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics in eight counties in Western New York. The territory of the diocese is co-extensive with the counties of Erie, Niagara, Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus, and Allegany in New York State, comprising 161 parishes. There are 144 diocesan priests and 84 religious priests who reside in the Diocese. The diocese through its central administrative offices (a) provides operational support to the Catholic parishes, schools, and certain other Catholic entities that operate within the territory of the Diocese "OCE"; (b) conducts school operations through which it provides parish schools with financial and educational support; (c) provides comprehensive risk management services to the OCEs; (d) administers a lay pension trust and a priest pension trust for the benefit of certain employees and priests of the OCEs; and (e) provides administrative support for St. Joseph Investment Fund, Inc. Dealing with sexual abuse claims, the Diocese of Buffalo sought Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb. 28, 2020. The diocese was estimated to have $10 million to $50 million in assets and $50 million to $100 million in liabilities as of the bankruptcy filing. The Honorable Carl L. Bucki is the case judge. The Debtor tapped Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., as counsel; Connors LLP and Lippes Mathias Wexler Friedman LLP as special litigation counsel; Jones Day as special corporate governance counsel; and Phoenix Management Services, LLC as financial advisor. Stretto is the claims agent, maintaining the page: https://case.stretto.com/dioceseofbuffalo/docket The U.S. Trustee for Region 2 appointed a committee of unsecured creditors on March 12, 2020. The committee tapped Pachulski Stang Ziehl & Jones, LLP and Gleichenhaus, Marchese & Weishaar, PC as bankruptcy counsel, and Burns Bair LLP as special insurance counsel. DIOCESE OF BUFFALO: Judge Says Releases Need Explicit Consent ------------------------------------------------------------- James Nani of Bloomberg Law reports that sex abuse claimants voting on the Diocese of Buffalo's reorganization plan must actively choose to release claims against parishes and related church entities, a federal bankruptcy judge ruled, rejecting the notion that inaction can amount to consent. Chief Judge Carl L. Bucki ordered the diocese to modify its Chapter 11 voting procedures to ensure that liability releases are granted only through an affirmative opt-in. The February 27, 2026 decision held that the proposed opt-out structure improperly presumed agreement from those who failed to check a box preserving their rights, the report cites. "The proper inference from failure to respond to a proposition is not assent," Bucki wrote, underscoring that the surrender of legal claims requires a clear and deliberate act. The court concluded that survivors must make a conscious decision to participate in any settlement that extinguishes claims against non-debtor affiliates. The opinion could have broader implications for bankruptcy cases involving third-party releases, particularly in mass-tort reorganizations. For Buffalo's diocese, the ruling means further revisions to its plan materials before it can proceed toward a confirmation vote, Bloomberg reports. About The Diocese of Buffalo N.Y. The Diocese of Buffalo, N.Y., is home to nearly 600,000 Catholics in eight counties in Western New York. The territory of the diocese is co-extensive with the counties of Erie, Niagara, Genesee, Orleans, Chautauqua, Wyoming, Cattaraugus, and Allegany in New York State, comprising 161 parishes. There are 144 diocesan priests and 84 religious priests who reside in the Diocese. The diocese through its central administrative offices (a) provides operational support to the Catholic parishes, schools, and certain other Catholic entities that operate within the territory of the Diocese "OCE"; (b) conducts school operations through which it provides parish schools with financial and educational support; (c) provides comprehensive risk management services to the OCEs; (d) administers a lay pension trust and a priest pension trust for the benefit of certain employees and priests of the OCEs; and (e) provides administrative support for St. Joseph Investment Fund, Inc. Dealing with sexual abuse claims, the Diocese of Buffalo sought Chapter 11 protection (Bankr. W.D.N.Y. Case No. 20-10322) on Feb. 28, 2020. The diocese was estimated to have $10 million to $50 million in assets and $50 million to $100 million in liabilities as of the bankruptcy filing. The Honorable Carl L. Bucki is the case judge. The Debtor tapped Bond, Schoeneck & King, PLLC, led by Stephen A. Donato, Esq., as counsel; Connors LLP and Lippes Mathias Wexler Friedman LLP as special litigation counsel; Jones Day as special corporate governance counsel; and Phoenix Management Services, LLC as financial advisor. Stretto is the claims agent, maintaining the page: https://case.stretto.com/dioceseofbuffalo/docket The U.S. Trustee for Region 2 appointed a committee of unsecured creditors on March 12, 2020. The committee tapped Pachulski Stang Ziehl & Jones, LLP and Gleichenhaus, Marchese & Weishaar, PC as bankruptcy counsel, and Burns Bair LLP as special insurance counsel. DREAMS AND DESTINATIONS: Gets Interim OK to Use Cash Collateral --------------------------------------------------------------- Dreams and Destinations Inc. received interim approval from the U.S. Bankruptcy Court for the Middle District of North Carolina to use cash collateral. Under the interim order, the Debtor is authorized to use cash collateral in the ordinary course of business in accordance with its budget, subject to a 10% variance. Debtor's cash collateral assets include, but are not limited to, bank accounts and accounts receivable. The value of each are as follows: Bank Accounts: $5,126.20 Accounts Receivable: $2,400.00 --------- Total Value: $7,526.20 Debtor owes approximately $197,380.00 to the U.S. Small Business Administration. The SBA holds a purported first priority lien on Debtor's Cash Collateral pursuant to a UCC Financing Statement filed May 13, 2021 with the North Carolina Secretary of State. Debtor owes approximately $30,700.15 to PayPal Loan Builder. PayPal holds a purported second priority lien on Debtor's Cash Collateral pursuant to a UCC Financing Statement filed August 15, 2025 with the North Carolina Secretary of State. As protection from any diminution in the value of their collateral, the secured creditors will be granted post-petition replacement liens on post-petition cash collateral, with the same validity and priority as their pre-bankruptcy liens. The Debtor must make adequate protection payment and in compliance with 11 U.S.C. 363(c)(3), to the SBA in the amount of $200. As further protection, the Debtor must also preserve, protect and adequately insurance all collateral. Authorization to use cash collateral will terminate if the Debtor's Chapter 11 case is dismissed or converted, a reorganization plan is confirmed, the Debtor defaults and fails to cure within the allowed period, or business operations cease. The next hearing is scheduled for March 10. A copy of the court's order and the Debtor's budget is available at http://urlcurt.com/u?l=PfbZxqfrom PacerMonitor.com. For many years, Dreams operated with minimal debt, using short-term borrowing conservatively during seasonal fluctuations and repaying those debts, in full, promptly. In early 2020, Dreams was on track for one of its strongest years financially, when the COVID-19 pandemic eliminated the majority of projected income for the year within weeks. Dreams' cash reserves were not designed to sustain a prolonged global shutdown. In an effort to meet ongoing obligations, Dreams was forced to incur debt to cover operating costs. Although revenue returned as postponed travel resumed, additional economic challenges and personal challenges of Ms. Huggan limited the ability of Dreams to rebuild its cash reserve. Additionally, because Dreams' customer base is concentrated in the DC-metro area, the government shutdown impacting federal employees and in turn, economic uncertainty, further delayed bookings, particularly for wedding groups. As a result, Dreams was forced to incur additional debt to cover operational costs. The debt load, and robbing Peter to pay Paul, created financial pressure that became unsustainable during the later part of 2025, which led to this chapter 11 filing. About Dreams and Destinations Inc. Dreams and Destinations, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D.N.C. Case No. 26-10095) on February 13, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Samantha K. Brumbaugh, Esq., at Ivey, Mcclellan, Siegmund, Brumbaugh & Mcdonough, LLP represents the Debtor as legal counsel. EAZY-PZ LLC: Seeks to Hire Jorgensen Lehman as Appeal Counsel ------------------------------------------------------------- Eazy-PZ LLC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Reichman Jorgensen Lehman & Feldberg LLP as appeal counsel. Reichman will represent the Debtor in the appeal, which now encompasses Appeal Nos. 25-1537, 26-1274, and 26-1341, currently pending before the U.S. Court of Appeals for the Federal Circuit. The firm may also appear in the Patent Case in order to preserve Debtor's appellate rights and to facilitate the appeal. On November 6, 2025, the Court approved the application to employ and authorized Stephen P. Bosco, Esq. to serve as counsel for Debtor in the appeal. As of February 20, 2026, Mr. Bosco has joined the law firm of Reichman Jorgensen Lehman & Feldberg LLP. Going forward, Mr. Bosco will continue to represent the Debtor on a fully pro bono basis and will not seek compensation for services rendered after his transition to the firm. Mr. Bosco disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Stephen P. Bosco, Esq. Reichman Jorgensen Lehman & Feldberg LLP 1909 K Street, NW, Suite 800 Washington, DC 20006 Phone: (202) 894-7310 Email: sbosco@reichmanjorgensen.com About Eazy-PZ LLC Eazy-PZ LLC designs and sells silicone mealtime products for infants and toddlers, including plates, bowls, mats, and utensils. The Company operates through online and retail channels from its base in Parker, Colorado. Eazy-PZ LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Col. Case No. 25-13720) on June 18, 2025. In its petition, the Debtor reports total assets of $1,019,774 and total liabilities of $3,881,257. Honorable Bankruptcy Judge Thomas B. Mcnamara handles the case. The Debtors are represented by Aaron J. Conrardy, Esq. at WADSWORTH GARBER WARNER CONRARDY, P.C. EC CONSTRUCTION: Seeks to Tap Harris Law Practice as Legal Counsel ------------------------------------------------------------------ EC Construction, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Harris Law Practice LLC as counsel. The firm's services include: (a) examine and prepare records and reports as required by the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and Local Bankruptcy Rules; (b) prepare applications and proposed orders to be submitted to the Court; (c) identify and prosecute claims and causes of action assertable by the Debtor on behalf of the estate; (d) examine proofs of claim anticipated to be filed and the possible prosecution of objections to certain claims; (e) advise the Debtor and prepare documents in connection with the contemplated ongoing operation of its business; (f) assist and advise the Debtor in performing other official functions set forth in Section 521, et seq., of Bankruptcy Code; and (g) advise and prepare a plan of reorganization, and related documents, and confirmation of said plan, as provided in Section 1121, et seq., of the Bankruptcy Code. The firm will be paid at these hourly rates: Stephen Harris, Attorney $650 Norma Guariglia, Attorney $550 Paraprofessional $200 The firm received an advance retainer of $7,500 from the Debtor. Mr. Harris disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen R. Harris, Esq. Harris Law Practice LLC 850 E. Patriot Blvd., Suite F Reno, NV 89511 Telephone: (775) 786-7600 Email: steve@harrislawreno.com About EC Construction LLC EC Construction, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-50086) on January 29, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Stephen R. Harris, Esq., at Harris Law Practice, LLC represents the Debtor as counsel. EDDIE BAUER: Resolves Dispute with Warehouser GXO for $3.1MM ------------------------------------------------------------ Emily Lever of Law360 Bankruptcy Authority reports that bankrupt apparel retailer Eddie Bauer LLC has struck a deal to resolve an $8.84 million claim asserted by GXO Logistics Supply Chain Inc. for $3.1 million. The claim relates to prepetition warehousing and logistics services. According to court filings, GXO sought payment for outstanding balances it said were due under its contract with the retailer. The negotiated agreement reduces the amount owed and avoids extended litigation in the bankruptcy case. If approved by the court, the settlement will conclude the dispute and clarify GXO's allowed claim in the restructuring. The retailer maintains that the resolution is in the best interests of its creditors and overall reorganization process, the report states. About Eddie Bauer LLC Eddie Bauer is an outdoor apparel brand was founded in Seattle in 1920 and has built a reputation around clothing and gear for hiking, travel, and outdoor recreation. It sells outdoor apparel, footwear, and equipment designed for travel and adventure. The company currently reports operating over 250 locations throughout North America. Eddie Bauer LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 26-11422) on February 9, 2026. In its petition, the Debtor reports Honorable Bankruptcy Judge Stacey L. Meisel handles the case. The Debtor is represented by Michael D. Sirota, Esq. of Cole Schotz P.C. EDDIE BAUER: U.S. Trustee Appoints Creditors' Committee ------------------------------------------------------- The U.S. Trustee for Regions 3 and 9 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Eddie Bauer, LLC and its affiliates. The committee members are: 1. MTL Sourcing DMCC Unit No.105 HDS Business Centre Plot No. JLT-PH1-M1A Jumeirah Lake Towers Dubai U.A.E Attn: Mahadi Mohamed mohamed@maliban.com 2. Martex Sourcing LLC Sharjah Media City (Shams) P.O. Box 515000 Sharjah, U.A.E Attn: Ahmed Taha Azeem taha@martexmfg.com 3. Bosideng International Fashion Limited Queen's Road, Unit 5709, 57/F Hong Kong, China Attn: Xuting "Sabrina" Xu Xuting@bosideng.com 4. Washington Shoe Company 1101 SW 16th Street, Suite 100 Renton, WA 98057 Attn: Karl Moehring kmoehring@westernchief.com 5. Charmant USA Inc 400 The American Road Morris Plains NJ 07950 Attn: Margaret “Dee” Berghuys dberghuys@charmant.com 6. Vietsun Investment Corporation Lot III-3A, CN1 Street, Industrial Area No. III Tan Binh Industrial Park Tay Thanh Ward Ho Chi Minh City, Viet Nam Attn: Marco Tran (Tran Quang Ha) ha.tran@vietsuncorp.com.vn 7. Dogree Fashions (USA) Inc. 6445 De La Cote De Lisse Road Saint Laurent, Quebec, H4T 1E5 Canada Attn: Richard Tock rtock@dogree.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Eddie Bauer LLC Eddie Bauer, LLC operates approximately 175 brick-and-mortar retail stores across the U.S. and Canada as the exclusive licensee of the Eddie Bauer brand for physical retail sales, offering men's and women's apparel, outerwear, footwear, accessories, gifts, sportswear, and outdoor gear. Eddie Bauer's intellectual property, wholesale, and e-commerce activities are managed separately from the in-store business. Eddie Bauer and its affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. N.J. Lead Case No. 26-11422) on February 9, 2026. In the petition signed by Stephen Coulombe, co-chief restructuring officer, Eddie Bauer disclosed assets of between $100 million and $500 million and liabilities of between $1 billion and $10 billion. Judge Stacey L. Meisel oversees the cases. The Debtors tapped Cole Schotz P.C. as general co-bankruptcy counsel; Kirkland & Ellis LLP and Kirkland & Ellis International LLP as restructuring counsel; GBH SOLIC Holdco, LLC as investment banker; Berkeley Research Group, LLC as restructuring advisor; Stretto, Inc. as claims and noticing agent; and Retail Consulting Services, Inc. (doing business as Real Estate Advisors) as real estate consultant. EDWARDS LOGGING: Commences Chapter 11 Bankruptcy in Alabama ----------------------------------------------------------- On February 25, 2026, Edwards Logging LLC filed for Chapter 11 protection in the Northern District of Alabama. According to court filings, the debtor reports between $100,001 and $1,000,000 in debt owed to 1–49 creditors. About Edwards Logging LLC Edwards Logging LLC is an Alabama-based timber and logging services company. Edwards Logging LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ala. Case No. 26-40193) on February 25, 2026. In its petition, the debtor reports estimated assets of $100,001–$1,000,000 and estimated liabilities of $100,001–$1,000,000. Honorable Bankruptcy Judge James J. Robinson handles the case. The debtor is represented by Frederick Mott of Garfield, Spain & Gillon, LLC. EKSO BIONICS: Posts $11.7MM 2025 Loss; Going Concern Doubt Persists ------------------------------------------------------------------- Ekso Bionics Holdings, Inc. filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10-K reporting a net loss of $11.7 million for the fiscal year ended December 31, 2025, compared to $11.3 million for 2024. Total revenues were $12.8 million compared to $17.9 million for 2024. Liquidity and Going Concern As of December 31, 2025, the Company had an accumulated deficit of $262,396. The Company has incurred significant operating losses and negative cash flows from operations since inception. During the year ended December 31, 2025, the Company used $11,801 of cash in its operations. Cash on hand as of December 31, 2025 was $1,169. Ekso's expectation to generate operating losses and negative operating cash flows in the future and the need for additional funding to support its planned operations raise substantial doubt regarding our ability to continue as a going concern for a period of one year after February 23, 2026, the date that the consolidated financial statements are issued. Management intends to raise funds through one or more financings in the near term in order to meet the Company's cash requirements for the next 12 months. However, due to several factors, including those outside management's control, there can be no assurance that the Company will be able to complete such financings on acceptable terms or in amounts sufficient to continue operating the business under the operating plan. As part of the financing strategy, management is simultaneously pursuing strategic partnerships, delaying or abandoning certain product development projects, cost reduction efforts for our products, and refocusing sales efforts to accelerate revenue growth above historical results. Ekso concluded the likelihood that its plan to successfully reduce expenses to align with its available cash, while reasonably possible, is less than probable. Accordingly, the Company have concluded that substantial doubt exists about our ability to continue as a going concern for a period of at least the next 12 months. Additionally, San Francisco, Calif.-based WithumSmith+Brown PC, the Company's auditor since 2010, issued a 'going concern' qualification in its report dated February 23, 2026, attached to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, citing that the Company has an accumulated deficit at December 31, 2025 and, since inception, has suffered significant operating losses and negative cash flows from operations. The Company expects to generate operating losses and negative operating cash flows in the future and will require additional funding to support the Company's planned operations which raises substantial doubt about its ability to continue as a going concern. Management currently estimates that the Company's cash on hand as of December 31, 2025, in addition to the net proceeds from the Private Placement, will fund its operations until the end of the second quarter of 2026. -- On January 22, 2026, the Company issued and sold: (i) an aggregate of 6 shares of Series B Preferred Stock convertible into an aggregate of 712 shares of common stock issuable upon conversion of the Series B Preferred Stock at an initial conversion price of $8.22 per share and (ii) warrants, which are exercisable to purchase up to an aggregate of 356 shares of the Company's common stock at an exercise price of $8.22 per share of common stock (the "Private Placement"). The net proceeds of the Private Placement are expected to be approximately $5,265, after deducting placement agent fees and expenses and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the Private Placement for working capital and general corporate purposes. A full text copy of the Company's Form 10-K is available at https://tinyurl.com/3r7fvhp7 About Ekso Bionics Holdings San Rafael, Calif.-based Ekso Bionics Holdings, Inc. designs, develops, and markets exoskeleton products to augment human strength, endurance, and mobility. As of December 31, 2025, the Company had $20.1 million in total assets, $11.1 million in total liabilities, and $9 million in total stockholders' equity. EL DORADO: Court Okays Fee Application for CR3 Partners ------------------------------------------------------- Judge Jamie A. Wilson of the U.S. Bankruptcy Court for the Southern District of Mississippi granted El Dorado Gas & Oil, Inc.'s fifth interim application for compensation and reimbursement of necessary expenses for CR3 Partners, LLC, as financial advisor to the Chapter 11 Trustee, Dawn Ragan. The request covers the period from on or about September 1, 2025, through and including December 31, 2025, and is for the sum of $105,796.50 in compensations and expenses of $894.77 for a total award request of $106,691.27. CR3 has filed four fee statements during this period and has been paid fees subject to the 20% holdback totaling $84,637.20 plus expenses of $894.77. It is currently owed the 20% holdback amount of $21,159.30. The Court finds CR3, as financial advisor, is entitled to an administrative expense for interim compensation and expenses in the total amount of $106,691.77, and the Chapter 11 trustee should be authorized to pay the 20% holdback amount of $21,159.30. According to the Court, the services rendered to the Chapter 11 trustee by CR3, as financial advisor, represent substantial services. The services rendered and expenses incurred benefitted the estates and the trustee. A copy of the Court's Order dated March 3, 2026, is available at https://urlcurt.com/u?l=qXzCEH from PacerMonitor.com. About El Dorado Gas & Oil Inc. and Hugoton Operating Company Hugoton and El Dorado are both Arkansas corporations engaged in the exploration, production, and development of crude oil and natural gas properties. El Dorado is a lease holder and operator of oil and gas wells covering about 4,000 net acres in South Texas. El Dorado also owns a substantial amount of oil field equipment and owns real estate in multiple locations and states. Hugoton also owns oil and gas interests and operates wells in South Texas. Hugoton Operating Company, Inc. filed a voluntary Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51139) on Aug. 14, 2023. El Dorado Gas & Oil, Inc., a company in Gulfport, Miss., filed Chapter 11 petition (Bankr. S.D. Miss. Case No. 23-51715) on Dec. 22, 2023, with $500 million to $1 billion in assets and $50 million to $100 million in liabilities. Thomas L. Swarek, president, signed the petition. Judge Jamie A. Wilson oversees the cases. Patrick Sheehan, Esq., at Sheehan & Ramsey, PLLC, is counsel to Debtor Bluestone Natural Resources II-South Texas, LLC and World Aircraft, Inc. R. Michael Bolen, Esq., at Hood & Bolen, PLLC; and Nancy Ribaudo, Esq., Katherine Hopkins, Esq., and Joseph Austin, Esq., at Kelly Hart & Hallman LLP, serve as counsel to Dawn Ragan, Chapter 11 Trustee for El Dorado Gas & Oil, Inc. and Hugoton Operating Company, Inc. ELETSON HOLDINGS: Calls Ch.11 Arrest Warrants Logical Progression ----------------------------------------------------------------- Vince Sullivan of Law360 Bankruptcy Authority reports that Eletson Holdings Inc., which recently emerged from Chapter 11, has asked a New York bankruptcy judge to issue arrest warrants for certain former executives, describing the action as the next logical phase in its asset-recovery efforts. According to filings, the shipping company claims the former officials ignored court-ordered obligations to provide documents and surrender estate property. Eletson said earlier enforcement measures have not achieved meaningful results. The reorganized debtor contends that arrest warrants would serve as a coercive mechanism to compel adherence to court rulings and safeguard creditor interests. The company framed the request as a measured escalation after months of unsuccessful attempts to secure compliance. About Eletson Holdings Eletson Holdings Inc. is a family-owned international shipping company, which touts itself as having a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut, and London. At one time, Eletson claimed to own and operate one of the world's largest fleets of medium and long-range product tankers and boasted a fleet consisting of 17 double hull tankers with a combined capacity of 1,366,497 dwt, 5 LPG/NH3 carriers with a combined capacity of 174,730 cbm and 9 LEG carriers with capacity of 108,000 cbm. Eletson Holdings, a Liberian company, is Eletson's ultimate parent company and is the direct parent and owner of 100% of the equity interests in the two other debtors, Eletson Finance (US) LLC, and Agathonissos Finance LLC. Eletson and its two affiliates were subject to involuntary Chapter 7 bankruptcy petitions (Bankr. S.D.N.Y. Case No. 23-10322) filed on March 7, 2023 by creditors Pach Shemen LLC, VR Global Partners,L.P. and Alpine Partners (BVI), L.P. The petitioning creditors are represented by Kyle J. Ortiz, Esq., at Togut, Segal & Segal, LLP. On Sept. 25, 2023, the Chapter 7 cases were converted to Chapter 11 cases. The Honorable John P. Mastando, III is the case judge. Lawyers at Reed Smith represent the Debtors as bankruptcy counsel. Riveron RTS served as the Debtors' Domestic Financial Advisor; Harold Furchtgott-Roth as Economic Expert; and Kurtzman Carson as Voting Agent. The U.S. Trustee for Region 2 appointed an official committee of unsecured creditors. The committee tapped Dechert, LLP as its legal counsel and FTI Consulting as the Committee's financial advisors. ELFAND ORGANIZATION: Loses Bid to Extend Appeal Deadline -------------------------------------------------------- Judge Michael E. Wiles of the U.S. Bankruptcy Court for the Southern District of New York denied Elfand Organization LLC's motion to extend the deadline to file the items required by Rule 8009 with respect to its appeal of the order converting its bankruptcy case to Chapter 7. On September 26, 2025, the Bankruptcy Court entered an Order directing the Debtor to surrender certain real property pursuant to section 365(d)(4) of the Bankruptcy Code, declaring certain prior state court proceedings to be null and void, and granting automatic stay relief to 268 Metropolitan Ave LLC. The Debtor filed a motion for reconsideration on October 10, 2025. On September 30, 2025, the Court entered an Order converting the Debtor(s)' chapter 11 case(s) to a case under chapter 7 of the Bankruptcy Code. The Debtor filed a motion for reconsideration on October 14, 2025. On November 20, 2025, the Bankruptcy Court issued a Decision denying the motion for reconsideration and an Order denying reconsideration. The Debtor filed a notice of appeal on December 5, 2025. The United States District Court for the Southern District of New York entered an Order dated February 3, 2026, which referred to the requirements of Rule 8009 and which directed that the required items be filed "no later than February 10, 2026," failing which the appeal would be dismissed. The Debtor did not comply, and the District Court entered an Order dismissing the Appeal on February 17, 2026. On February 18, 2026, the Debtor filed a motion in the Bankruptcy Court, belatedly seeking an extension of time in which to make the filings required by Rule 8009. The motion asserts that counsel faced time constraints and personal difficulties during the holiday season and during the weeks immediately following the issuance of the notice of appeal. The motion then asks that Judge Wiles extend the deadline under Rule 8009, presumably for the purpose of nullifying the grounds for the District Court's dismissal of the appeal. Judge Wiles says, "I have no power to modify or to overturn any of the scheduling orders issued by the District Court or to extend deadlines that the District Court decided were appropriate. I also have no power to modify the District Court's determination that the dismissal of the appeal was the appropriate sanction for the Debtor's failure to file the required documents, which is effectively what the Debtor is asking me to do. If the Debtor believes that a further extension of time is warranted and/or that the dismissal order should be reconsidered or reopened, the Debtor should be making that application to the District Court, not to this Court." The Debtor's motion is denied, without prejudice to the Debtor's right to seek relief from the District Court. A copy of the Court's Order dated February 27, 2026, is available at https://urlcurt.com/u?l=JJxPCp Elfand Organization LLC filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 25-10308) on February 18, 2025, listing under $1 million in both assets and liabilities. The case was converted to Chapter 7 on September 30, 2025. FAT BRANDS: Bankruptcy Judge Orders Deposition of CEO ----------------------------------------------------- Hilary Russ of Law360 Bankruptcy Authority reports that a bankruptcy judge has directed the CEO of FAT Brands Inc. to sit for a deposition as noteholders ready a push to assume control of the company's Chapter 11 proceedings. The deposition will examine prior operational and financial decisions. Creditors contend that management's actions leading up to the filing require close scrutiny, and that the CEO's testimony is key to evaluating the effectiveness of the existing leadership team. The noteholders aim to leverage the deposition in their efforts to influence the case's direction, according to report. The court's order ensures that the noteholders can directly question senior management, potentially shaping negotiations over asset sales, restructuring strategy, and governance. The deposition represents a pivotal moment in the ongoing dispute over control of FAT Brands' bankruptcy case, the report states. About FAT (Fresh. Authentic. Tasty.) Brands FAT Brands (NASDAQ: FAT) -- http://www.fatbrands.com/-- is a global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo's Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses. FAT Brands franchises and owns over 2,200 units worldwide. Fat Brands Inc. and 181 subsidiaries sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90126) on Jan. 26, 2026. In its petition, Fat Brands listed estimated assets and liabilities more than $1 billion. The Honorable Bankruptcy Judge Alfredo R. Perez handles the case. Latham & Watkins LLP is serving as legal counsel to the Company. GLC Advisors & Co., LLC is serving as investment banker, and Huron Consulting Services LLC is serving as financial advisor. Omni Agent Solutions, Inc., is serving as claims, noticing and solicitation agent. White & Case LLP is representing the Ad Hoc Group of Securitization Noteholders. Greenberg Traurig, LLP represents UMB Bank, National Association, solely in its capacity as Trustee to certain series of notes. FIRST BRANDS: Examiner Gets OK to Hire Okin Adams as Legal Counsel ------------------------------------------------------------------ Martin De Luca, the examiner appointed in the Chapter 11 cases of First Brands Group, LLC and its affiliates, received approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ Okin Adams Bartlett Curry LLP as counsel. The firm will render these services: (a) represent and assist the Examiner and his other retained professionals in the discharge of the examiner's duties and responsibilities under the Examiner Order, other orders of this Court, and applicable law; (b) assist the examiner and his other retained professionals in the preparation of reports, motions, applications, notices, orders and other documents necessary in the discharge of his duties; (c) represent the examiner at hearings and other proceedings before this Court; (d) analyze and advise the examiner regarding any bankruptcy issues that arise in connection with the discharge of his duties; (e) assist the examiner and his other retained professionals with interviews, examinations, and the review of documents and other materials in connection with his investigation; (f) perform all other necessary legal services on behalf of the examiner in connection with his duties in the cases; and (g) assist the examiner and his other retained professionals in undertaking any additional tasks or duties that the Court might direct. The firm's counsel will be paid at these following hourly rates: Matthew Okin, Partner $985 Ryan O'Connor, Partner $700 Madeline Schmidt, Associate $470 Legal Assistants $145 - $165 In addition, the firm will seek reimbursement for expenses incurred. Mr. Okin disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Matthew S. Okin, Esq. Okin Adams Bartlett Curry LLP 1113 Vine Street, Suite 240 Houston, TX 77002 Telephone: (713) 228-4100 Facsimile: (346) 247-7158 Email: mokin@okinadams.com About First Brands Group Rochester Hills, Mich.-based First Brands Group, LLC is a global supplier of aftermarket automotive parts. On September 24, 2025, the Company's non-operational special purpose entities, Global Assets LLC, Global Lease Assets Holdings, LLC, Carnaby Capital Holdings, LLC, Broad Street Financial Holdings, LLC, Broad Street Financial, LLC, Carnaby Inventory II, LLC, Carnaby Inventory Holdings II, LLC, Carnaby Inventory III, LLC, Carnaby Inventory Holdings III, LLC, Patterson Inventory, LLC, Patterson Inventory Holdings, LLC, Starlight Inventory I, LLC and Starlight Inventory Holdings I, LLC each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Commencing on September 28, 2025, First Brands Group, LLC and 98 affiliated debtors each filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. In its petition, First Brands Group listed $1 billion to $10 billion in estimated assets and $10 billion to $50 billion in estimated liabilities. The cases are pending before the Hon. Christopher M. Lopez, and are jointly administered under Case No. 25-90399, and consolidated for procedural purposes only. The Debtors tapped Weil, Gotshal and Manges, LLP as legal counsel; Lazard Freres & Co. as investment banker; Alvarez & Marsal North America, LLC as financial advisor; and C Street Advisory Group as strategic communications advisor. Kroll Restructuring Administration, LLC is the Debtors' claims, noticing and solicitation agent. Gibson, Dunn & Crutcher, LLP and Evercore serve as the Ad Hoc Group of Lenders' legal counsel and investment banker, respectively. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. On December 16, 2025, the U.S. Trustee for Region 7 appointed Martin De Luca as examiner in these Chapter 11 cases. The examiner tapped Okin Adams Bartlett Curry LLP as counsel. FNZ GROUP: New Mountain Marks $10.2M 1L Loan at 20% Off ------------------------------------------------------- New Mountain Finance Corp. (NMFC) Senior Loan Program III LLC has marked its $10.2 million loan extended to FNZ Group Entities Limited to market at $8.1 million or 80% of the outstanding amount, according to New Mountain's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a first lien loan extended to FNZ Group Entities Limited. The Loan accrues interest at a rate of SOFR(Q) 5.00% 8.90% per annum. The Loan matures on November 2031. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About FNZ Group Entities Limited FNZ Group Entities Limited operates in the financial services and technology sector, providing technology-driven solutions that support wealth management and investment platforms. FORDHAM FULTON: Seeks to Tap Ian Lagowitz of Trigild IVL as CRO --------------------------------------------------------------- Fordham Fulton Realty Corp. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ Trigild IVL as property manager and Ian Lagowitz as chief restructuring officer. The CRO will render these services: (a) oversee day-to-day operations of the Properties, including property management, collection of rents, authorization of expenditures and other administrative tasks; (b) operate the debtor-in-possession operating account; (c) direct all repairs over the Properties, including the determination of what repairs, assessments, or other evaluations are needed and the implementation thereof; (d) assist in preparing cash requirements, cash forecasts and financial projections; (v) formulate and execute cash conservation strategies; (e) provide advice on the formulation, and, if requested, execution of the overall strategy relating to pursuit of sale opportunities the Debtor is contemplating; (f) assist with such other matters as may be requested that fall within Trigild's expertise and pursuant to the direction of the Debtor and the Court; (g) prepare monthly operating reports and other financial reports or statements required by the Bankruptcy Court, the U.S. Trustee, the Bankruptcy Code and/or the Bankruptcy Rules. As the CRO, Mr. Lagowitz will focus on the collection of rents and expenditure of funds for the Properties including necessary repairs. Mr. Lagowitz has agreed to serve as CRO based upon a minimum monthly fee of $10,000 subject to an hourly rate of $350. Mr. Lagowitz, a managing partner at Trigild IVL, assured the court that the firm is a "disinterested person" within the meaning of 11 U.S.C. 101(14). The firm can be reached through: Ian Lagowitz Trigild IVL 500 Fifth Avenue, Floor 57 New York, NY 10110 About Fordham Fulton Realty Corp. Fordham Fulton Realty, Corp. owns two residential apartment buildings at 480-490 E. 188th St. and 530-530 E. 169th St., Bronx, NY, with a combined current value of $40 million, and provides services related to real estate, including property management, appraisal, and other support services. Fordham Fulton Realty, Corp. in Bronx, NY, sought relief under Chapter 11 of the Bankruptcy Code filed its voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case No. 25-45747) on Nov. 28, 2025, listing $52,801,506 in assets and $84,426,499 in liabilities. Karan Singh as vice president, signed the petition. Judge Elizabeth S Stong oversees the case. GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP serve as the Debtor's legal counsel. FOUR CORNERS: Seeks to Hire Kutner Brinen Dickey Riley as Counsel ----------------------------------------------------------------- Four Corners Foot and Ankle, PC seeks approval from the U.S. Bankruptcy Court for the District of Colorado to employ Kutner Brinen Dickey Riley, PC as counsel. The firm's services include: (a) provide the Debtor with legal advice with respect to its powers and duties; (b) aid the Debtor in the development of a Chapter 11 plan of reorganization; (c) file the necessary petitions, pleadings, reports, and actions which may be required in the continued administration of the Debtor's property under Chapter 11; (d) take necessary actions to enjoin and stay until final decree herein continuation of pending proceedings and to enjoin and stay until final decree herein commencement of lien foreclosure proceedings and all matters as may be provided under 11 U.S.C. Section 362; and (e) perform all other legal services for the Debtor which may be necessary herein. The firm will be paid at these following hourly rates: Jeffrey Brinen, Attorney $600 Jonathan Dickey, Attorney $425 Keri Riley, Attorney $410 In addition, the firm will seek reimbursement for expenses incurred. Mr. Riley disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Keri L. Riley, Esq. Kutner Brinen Dickey Riley, PC 1660 Lincoln Street, Suite 1720 Denver, CO 80264 Telephone: (303) 832-2400 Email: klr@kutnerlaw.com About Four Corners Foot and Ankle PC Four Corners Foot and Ankle, PC, based in Durango, Colorado, provides podiatric care focused on diagnosing and treating conditions affecting the feet, ankles, and lower legs, including bunions, heel pain, hammertoes, and diabetic foot issues. The practice offers both conservative treatments and minimally invasive surgery, aiming to restore mobility and alleviate pain for patients. It serves individuals seeking specialized medical attention for musculoskeletal and dermatological foot concerns. Four Corners Foot and Ankle sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No. 26-11002) on Feb. 20, 2026. In the petition signed by Kayse Lake, authorized representative, the Debtor disclosed $1,220,464 in total assets and $8,948,216 in total liabilities. Judge Michael E. Romero oversees the case. The Debtor tapped Keri L. Riley, Esq., at Kutner Brinen Dickey Riley, PC as counsel. FTX TRADING: Court Tosses Unjust Enrichment Claim v. Goodly Labs ---------------------------------------------------------------- Chief Judge Karen B. Owens of the United States Bankruptcy Court for the District of Delaware dismissed without prejudice Count 6 (unjust enrichment claim) in the adversary complaint captioned as FTX RECOVERY TRUST, Plaintiff, v. THE GOODLY INSTITUTE dba GOODLY LABS, Defendant, Adv. Proc. 24-50212 (Bankr. D. Del.). This adversary proceeding arises from the November 2022 chapter 11 cases of FTX Trading Ltd. and its affiliated debtors. On November 8, 2024, Debtors FTX, Alameda Research Ltd., West Realm Shires, Inc., and West Realm Shires Services, Inc. filed the Complaint for Avoidance and Recovery of Transfers and Obligations Pursuant to 11 U.S.C. Secs. 105, 544, 548, and 550 and Del. Code Ann. Tit. 6, Secs. 1304 and 1305 against The Goodly Institute d/b/a Goodly Labs. Following the effective date of the Debtors' confirmed plan of reorganization, the FTX Recovery Trust (the "Trust") assumed responsibility for this action. The Debtors' chapter 11 cases were precipitated by FTX Group's severe liquidity crisis arising from a massive fraud perpetrated by a small group of insiders that included Samuel Bankman-Fried. Goodly seeks dismissal of the Complaint, arguing the Trust fails to state its claims pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure, made applicable to this proceeding by Rule 7012(b) of the Federal Rules of Bankruptcy Procedure. FTX Philanthropy ("FTXP"), formerly known as FTX Foundation, Inc., was a non-debtor affiliated entity that was an integrated part of the FTX Group. FTXP was funded primarily by assets belonging to certain Debtors. Its charity causes included effective altruism and think tanks or groups researching artificial intelligence or advocating public policy positions. While Bankman-Fried publicly announced that the FTX Group would contribute at least 1% of its fees to FTXP, its primary source of funds was Alameda money that had been commingled with FTX customer deposits. FTXP ceased operations when FTX collapsed in November 2022. Prior to the chapter 11 cases, FTXP made two transfers to Goodly, a 501(c)(3) nonprofit corporation focused on artificial intelligence. The first transfer occurred on March 8, 2022 in the amount of $500,000. The second occurred on October 17, 2022 in the amount of $185,000. The Trust seeks to avoid and recover these Transfers from Goodly as fraudulent transfers made by the Debtors. Alternatively, the Trust seeks damages for unjust enrichment. The Fraudulent Transfer Claims (Counts 1-5) Counts 1 and 2 of the Complaint seek to avoid the Transfers as actual and constructive fraudulent transfers under sections 548(a)(1)(A) and (B) of the Bankruptcy Code. Counts 3 and 4 seek to avoid them as actual and constructive fraudulent transfers under sections 1304(a)(1) and (2) of Delaware's Uniform Fraudulent Transfer Act and section 544 of the Bankruptcy Code. Count 5 seeks to utilize section 550(a) of the Bankruptcy Code to recover the Transfers once avoided under the previous counts. Goodly argues that the Trust fails to allege the Debtors had an interest in the Transfers because the Complaint identifies non-debtor FTXP as the "Transferor" and states that the Transfers were made to Goodly from funds held by FTXP. The Trust disagrees, arguing that the Complaint sets forth sufficient facts to conclude that the Debtors' property was transferred because the Transfers were made directly from a Debtor bank account or funded entirely with estate property by an entity controlled by the FTX Insiders. After reviewing the Complaint, the Court agrees that it contains adequate facts to support the Trust's contention that the Debtors had an interest in the property transferred to Goodly and that FTXP was an alter ego of the Debtors. The Unjust Enrichment Claim (Count 6) Count 6 of the Complaint seeks to recover the Transfers from Goodly under a theory of unjust enrichment. Goodly asserts that the Complaint fails to suggest it was anything but an innocent recipient of the Transfers. Goodly is correct. Judge Owens explains, "The Complaint focuses on the actions and motivations of the FTX Insiders in making the Transfers and committing the fraud. It also states additional facts supporting the fraudulent transfer claims, such as insolvency and lack of reasonably equivalent value. It does not plead any facts suggesting Goodly had knowledge of the fraud or engaged in any other wrongdoing when it accepted the Transfers as charitable donations. Accordingly, under the facts as pled, an unjust enrichment claim has not been adequately stated under Delaware law." Accordingly, the Court ruled that Count 6 is dismissed without prejudice. The remainder of the relief requested in the Motion to Dismiss is denied. A copy of the Court's Memorandum Order dated February 27, 2026, is available at https://urlcurt.com/u?l=mIvUol About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. FTX TRADING: Rheingans-Yoo Appeal Can't Proceed to Mediation ------------------------------------------------------------ Magistrate Judge Christopher J. Burke of the United States District Court for the District of Delaware determined that mediation is not appropriate in the appeal styled FTX RECOVERY TRUST, Appellant, v. ROSS RHEINGANS-YOO, Appellee, Civil Action No. 26-80-JLH, BK. BAP No. 26-03 (D. Del.), pursuant to Section 1 of the Procedures to Govern Mediation of Appeals from the United States Bankruptcy Court for the District of Delaware, dated July 19, 2023. The parties jointly agree that their disputes in this case cannot be resolved through mediation and the Court agrees. The Magistrate Judge recommends that the assigned District Judge issue an order withdrawing the matter from mediation. A copy of the Court's Order dated February 25, 2026, is available at https://urlcurt.com/u?l=pbKdFe from PacerMonitor.com. About FTX Trading Ltd. FTX is the world's second-largest cryptocurrency firm. FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that FTX paused customer withdrawals after it was hit with roughly $5 billion worth of withdrawal requests. Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell itself to its giant rival Binance, but Binance walked away from the deal amid reports on FTX regarding mishandled customer funds and alleged US agency investigations. At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step aside, and restructuring vet John J. Ray III was quickly named new CEO. FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc. (d/b/a FTX US), Alameda Research Ltd. and certain affiliated companies then commenced Chapter 11 proceedings (Bankr. D. Del. Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022. Additional entities sought Chapter 11 protection on Nov. 14, 2022. FTX Trading and its affiliates each listed $10 billion to $50 million in assets and liabilities, making FTX the biggest bankruptcy filer in the US this year. According to Reuters, SBF shared a document with investors on Nov. 10 showing FTX had $13.86 billion in liabilities and $14.6 billion in assets. However, only $900 million of those assets were liquid, leading to the cash crunch that ended with the company filing for bankruptcy. The Hon. John T. Dorsey is the case judge. The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel; Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal North America, LLC as financial advisor. Kroll is the claims agent, maintaining the page https://cases.ra.kroll.com/FTX/Home-Index The official committee of unsecured creditors tapped Paul Hastings as bankruptcy counsel; Young Conaway Stargatt & Taylor, LLP as Delaware and conflicts counsel; FTI Consulting, Inc. as financial advisor; and Jefferies, LLC as investment banker. Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory T. Donilon, Edward L. Schnitzer, and David M. Banker, is representing Sam Bankman-Fried in the Chapter 11 cases. White collar crime specialist Mark S. Cohen has reportedly been hired to represent SBF in litigation. Lawyers at Paul Weiss previously represented SBF but later renounced representing the entrepreneur due to a conflict of interest. GEE CONCEPTS: Joseph Cotterman Named Subchapter V Trustee --------------------------------------------------------- The U.S. Trustee for Region 14 appointed Joseph Cotterman as Subchapter V trustee for Gee Concepts, LLC. Mr. Cotterman will be paid an hourly fee of $500 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Cotterman declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Joseph E. Cotterman 5232 W. Oraibi Drive Glendale, AZ 85308 Telephone: 480-353-0540 Email: cottermail@cox.net About Gee Concepts LLC Gee Concepts, LLC, doing business as Tru Burger Co., sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 26-01629) on February 23, 2026, with up to $50,000 in assets and $500,001 to $1 million in liabilities. Judge Brenda K. Martin presides over the case. Ronald J. Ellett, Esq., at Ellett Law Offices, P.C. represents the Debtor as bankruptcy counsel. GENESIS GLOBAL: Court Narrows Claims in McGreevy Case ----------------------------------------------------- Judge Stefan R. Underhill of the U.S. District Court for the District of Connecticut granted in part and denied in part Digital Currency Group, Inc. and other defendants' motions to dismiss the class action lawsuit captioned as WILLIAM McGREEVY, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED, Plaintiffs, v. DIGITAL CURRENCY GROUP, INC., ET AL., Defendants, Case No. 23-cv-00082-SRU (D. Conn.). Defendant Digital Currency Group ("Digital") is the parent entity of a conglomerate that includes Genesis Global Capital ("Genesis"), Grayscale Investments, LLC ("Grayscale"), and Genesis Global Holdco ("Holdco"). Digital owns Holdco 100% and Holdco owns Genesis 100%. Holdco was the sole managing member of Genesis Through its ownership of Holdco, Digital was the 100% owner of Genesis and Grayscale. Defendant Barry Silbert is the founder of Digital, Genesis, and other Digital subsidiary companies. Silbert was the controlling shareholder of Digital during the class period (owning 40%), chief executive officer of Digital, and chairman of Digital's board of directors. Genesis ran a "full-service digital currency prime brokerage" business for Digital, attracting capital from digital asset owners by offering high interest rates. Genesis also partnered with the Gemini Earn platform. Gemini Earn was a "pooled investment program" created by non-party Gemini Trust Company, LLC ("Gemini"). The plaintiffs tendered either digital currency or cash to Genesis. All investors signed the Genesis Yield Investment Agreement. Gemini Earn investors tendered their assets pursuant to the terms presented to them via the Gemini Earn platform. The plaintiffs argue that Genesis advertised its investments like securities -- i.e., in a way that caused consumers to expect to gain profits solely from the efforts of Genesis. The plaintiffs allege that Genesis specifically promoted investments -- not mere loans -- by discussing "high returns or yield on investors' digital assets." Genesis did not register the offer or sale of the Genesis Yield program with the SEC. Digital and Silbert allegedly used investors' assets to engage in risky, unsecured transactions. For example, Digital and Silbert caused Genesis to take on an unreasonable amount of counterparty concentration risk by lending almost 30% of Genesis's total loan book to a single party: digital asset hedge fund Three Arrows Capital ("3AC"). On June 13, 2022, 3AC defaulted on its loans from Genesis. On June 27, 2022, 3AC declared bankruptcy. As a result, Genesis was left with an uncollectable $1.1 billion debt. After 3AC's default and bankruptcy, Genesis was insolvent. Recognizing its own insolvency would have terminated all of the investment agreements and would have entitled investors to the return of their digital assets. Instead, Digital and Silbert directed and caused Genesis to engage in a transaction designed to conceal Genesis's insolvency. At Digital and Silbert's direction, Genesis "sold" the 3AC debt to Digital in exchange for a 10-year promissory note (the "Digital Promissory Note"). Michael Moro induced Genesis and Matthew Ballensweig to circulate balance sheets and other documents containing alleged misrepresentations about Genesis's solvency to the plaintiffs and Gemini. Moro also prevented the plaintiffs from requesting redemptions of their assets. On November 16, 2022, Genesis experienced a large number of withdrawal requests coinciding with a loss of confidence in digital asset markets, which Genesis could not honor due to inadequate funds. The same day, Genesis stopped honoring redemption requests and stopped paying interest on the plaintiffs' investments. On January 19, 2023, Genesis and Holdco filed for Chapter 11 bankruptcy. Pursuant to the bankruptcy action, Genesis returned the full amount of the Gemini Earn investors' initial digital asset investments, but only returned partial amounts of the direct investors' initial digital asset investments. Both the SEC and the New York Attorney General settled claims against Genesis in early 2024. On January 23, 2023, McGreevy, Ashwin Gowda, Translunar Crypto LP, Christopher Buttenham, and Alex Sopinka, individually and on behalf of all others similarly situated, filed this action asserting violations of the Securities Act of 1933 (the "Securities Act"), 15 U.S.C. Secs. 77l(a)(1), 77o; the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. Sec. 78j(b); SEC Rule 10b-5, codified at 17 C.F.R. Sec. 240.10b-5; and 15 U.S.C. Sec. 78t(a), on behalf of the following proposed classes: (1) "All persons or entities who participated in the Lending Programs from inception to November 16, 2022"; and (2) "All persons or entities who participated in the Lending Programs and had digital loans outstanding at Genesis as of November 16, 2022," with an alleged class period of February 2, 2021 through November 16, 2022 (the "Class Period"). The plaintiffs amended the complaint twice and added, among other things, state consumer protection claims and a common law fraud claim. To proceed with their case, the plaintiffs must first adequately allege that the Genesis Yield program is a security. If the plaintiffs cannot meet that burden, their Securities Act and Exchange Act claims necessarily fail. The parties disagree sharply regarding how to define the Genesis Yield program. The plaintiffs argue that the program is a security under federal securities laws. The defendants instead liken the program to a "run-of-the-mill loan" with monthly interest returns. According to the Court, the TAC adequately alleges exposure to a risk of loss. The TAC adequately pleads that the fortunes of the investors are tied to those of the promoter. Therefore, the TAC sufficiently alleges vertical commonality. The defendants argue that the plaintiffs have alleged no facts connecting the investors' expectations of profits to Genesis's managerial efforts. The Court disagrees. According to Judge Underhill, the basic mechanics of the Genesis Yield program tie the investors' expectation of profits to Genesis's efforts. The Court finds the TAC also adequately alleges that the motivations of the parties to the Genesis Yield program were investment. The TAC adequately pleads that the defendants offered and sold the Genesis Yield program to "a broad segment of the public. It also adequately alleges that the investing public reasonably believed that the Genesis Yield program constituted securities, not loans. For these reasons, the Court concludes the TAC plausibly alleges that the Genesis Yield program constituted a security. For their federal securities claims, the plaintiffs rely on (1) Section 5 of the Securities Act to cover the alleged failure to file a registration statement regarding the Genesis Yield program; and (2) Section 10(b) of the Exchange Act to cover the defendants' misrepresentations regarding Genesis's risk management practices and solvency. Those are the alleged primary violations. But plaintiffs do not allege that the defendants were the primary violators committing all of those actions. Accordingly, to impute liability to the defendants for act for which they were not the primary violators, the plaintiffs rely on Section 15 of the Securities Act and Section 20(a) of the Exchange Act. These sections establish control person liability for violations of Sections 5 and 12(a)(1) of the Securities Act and Section 10(b) of the Exchange Act. The Court finds the plaintiffs have adequately alleged that Barry Silbert knew or should have known that the alleged primary violations of Section 10(b) of the Exchange Act constituted fraudulent conduct. Judge Underhill explains, "The plaintiffs allege that Silbert spearheaded both the execution of the Digital Promissory Note and the concealment of Genesis's insolvency to investors. The plaintiffs provide sufficient facts to support the conclusion that Silbert knew about the material omissions and misrepresentations relating to Genesis's insolvency." The Court finds the plaintiffs have adequately alleged that Michael Kraines knew or should have known that the alleged primary violations of Section 10(b) of the Exchange Act constituted fraudulent conduct. Kraines was Digital's Chief Financial Officer from September 2021 to April 2023. The Court finds the plaintiffs have adequately alleged that Mark Murphy knew or should have known that the alleged primary violations of Section 10(b) of the Exchange Act constituted fraudulent conduct. Murphy was Digital's Chief Operating Officer from January 2020 to November 2022 and has been President of Digital since October 2022. The Court finds the plaintiffs have adequately alleged that Michael Moro knew or should have known that the alleged primary violations of Section 10(b) of the Exchange Act constituted fraudulent conduct. Moro was the CEO of Genesis from the start of the class period until August 17, 2022. The Court finds the plaintiffs have adequately alleged that Derar Islim knew or should have known that the alleged primary violations of Section 10(b) of the Exchange Act constituted fraudulent conduct. Islim was the COO of Genesis from the start of the class period until August 17, 2022. On that date, Digital and defendant Murphy appointed Islim as interim CEO of Genesis. Securities Act Claims The TAC alleges that: 1) Genesis did not register the offer or sale of the Genesis Yield program with the SEC; 2) there was no registration statement in effect covering the Genesis Yield program; and 3) Genesis did not seek or have a valid exemption from registration. The defendants challenge the plaintiffs' Securities Act claims by contending that the Genesis Yield program was not a security. The Court finds the TAC properly alleges all the elements of a claim under Section 5 of the Securities Act. The plaintiffs maintain that Genesis never filed a registration statement covering the Genesis Yield investment agreements. The Court holds that the plaintiffs have adequately alleged that the defendants violated Section 5 of the Securities Act and that the defendants are liable through Sections 12(a)(1) and 15 of the Securities Act. Exchange Act Claims The plaintiffs bring Exchange Act claims under Section 10(b) and 20(a) of the Exchange Act and Rule 10b-5. The TAC identifies two categories of alleged material misstatements or omissions that the plaintiffs relied upon in participating in the Genesis Yield program during the Class Period: those regarding risk management practices and those regarding Genesis's solvency. The plaintiffs allege that the defendants misled Gemini, the plaintiffs' agent, and the Genesis Yield direct investors by "touting Genesis Global Capital's purportedly robust riskmanagement practices and a supposedly thorough vetting process of the counterparties." The TAC further maintains that the defendants made those misrepresentations regarding risk management practices to induce the parties to participate in the Genesis Yield program. The Court finds the plaintiffs have adequately pled that Genesis's misrepresentations to the plaintiffs and Gemini concerning its risk management practices were both false and material. The plaintiffs also allege that the defendants misled counterparties by concealing Genesis's poor financial condition and engaged in a "sham transaction" designed to disguise Genesis's insolvency. The Court finds the plaintiffs have adequately pled that Genesis's misrepresentations to the plaintiffs and Gemini concerning its solvency were both false and material. According to the Court, the plaintiffs' allegations are sufficient to show a strong inference of intent to deceive, manipulate, or defraud investors into participating in the Genesis Yield program during the Class Period. Each named defendant was not privy to every conversation discussing fraudulent motives, but the allegations show that each defendant was privy to, inter alia, the high-risk Grayscale Trade and the execution of the 10-year promissory note. Defendants claim that Gemini could not have relied on the defendants' solvency warranty because it had no discretion to make individual investment decisions on the investors' behalf. The plaintiffs allege that Gemini relied on the defendants' solvency warranty and disclosures throughout the duration of the Gemini Earn program. The TAC alleges that Gemini would not have continued the Gemini Earn program had Genesis revealed its actual financial condition. Relying on Defendant Silbert's claims, Gemini elected to delay the termination of the Gemini Earn Program -- and not to explore the possibility of pursuing more rapid termination or other relief. According to the Court, those allegations satisfy the plaintiffs' burden to plead agency reliance for the Gemini Earn investors. Judge Underhill declines to exercise supplemental jurisdiction over the plaintiffs' state law claims. He explains, "The state law claims overlap with and duplicate the federal securities claims. Adjudication of those state law claims will undoubtedly delay the adjudication of the federal securities claims. The courts of some of those states have not addressed whether the state consumer protection or unfair competition statutes cover securities transactions." The defendants' motions to dismiss the plaintiffs' state law claims are granted without prejudice. Judge Underhill declines to exercise supplemental jurisdiction over the state common law fraud claim. The defendants' motions to dismiss the plaintiffs' state common law fraud claim are granted without prejudice. A copy of the Court's Order dated February 24, 2026, is available at https://urlcurt.com/u?l=M4kh6l About Genesis Global Genesis Global Holdco, LLC, through its subsidiaries, and Global Trading, Inc., provide lending and borrowing, spot trading, derivatives and custody services for digital assets and fiat currency. Genesis Global Capital, LLC (GGC) and Genesis Asia Pacific PTE. LTD. (GAP) provide lending and borrowing, spot trading, derivatives and custody services for digital assets and fiat currency. Genesis Global Holdco, LLC owns 100% of GGC and GAP. Genesis Global Holdco, LLC, GGC and GAP each filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 23-10063) on Jan. 19, 2023. The cases are pending before the Honorable Sean H. Lane. At the time of the filing, Genesis Holdco reported $100 million to $500 million in both assets and liabilities. Genesis Holdco is a sister company of Genesis Global Trading, Inc. ("GGT") and 100% owned by Digital Currency Group, Inc. ("DCG"). GGT, DCG and certain of the Holdco subsidiaries are not included in the Chapter 11 filings. The non-debtor subsidiaries include Genesis UK Holdco Limited, Genesis Global Assets, LLC, Genesis Asia (Hong Kong) Limited, Genesis Bermuda Holdco Limited, Genesis Custody Limited ("GCL"), GGC International Limited ("GGCI"), GGA International Limited, Genesis Global markets Limited, GSB 2022 II LLC, GSB 2022 III LLC and GSB 2022 I LLC. The Debtors tapped Cleary Gottlieb Steen & Hamilton, LLP as bankruptcy counsel; Morrison Cohen, LLP as special counsel; Alvarez & Marsal Holdings, LLC as financial advisor; and Moelis & Company, LLC as investment banker. Kroll Restructuring Administration, LLC, is the Debtors' claims and noticing agent and administrative advisor. The ad hoc group of creditors is represented by Kirkland & Ellis, LLP and Kirkland & Ellis International, LLP. The ad hoc group of Genesis lenders is represented by Proskauer Rose, LLP. The U.S. Trustee for Region 2 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped White & Case, LLP as bankruptcy counsel; Houlihan Lokey Capital, Inc., as investment banker; Berkeley Research Group, LLC as financial advisor; and Kroll as information agent. GENESIS HEALTHCARE: Seeks Executive Bonuses Amid Staff Departures ----------------------------------------------------------------- Angelica Serrano-Roman of Bloomberg Law reports that Genesis Healthcare, the struggling nursing home chain, is seeking approval to implement executive and employee incentive programs amid workforce instability and prolonged asset sale negotiations. A February 28, 2026 filing in the Northern District of Texas outlined a $1.4 million senior executive incentive plan, a $1.6 million performance-based program for 2025, and a modified $6.6 million retention plan for non-insider staff. Genesis characterized the programs as essential to keeping operations running smoothly, the report cites. The company, which entered Chapter 11 in July 2025, cited ongoing resignations and uncertainty about the timing of asset sale closings as pressures on its daily operations. Genesis argued that retaining experienced employees and maintaining leadership focus are critical during the restructuring, Bloomberg reports. According to Genesis, the compensation packages are structured to incentivize key staff to achieve operational and financial goals and to help complete asset sales successfully. The court must approve the payments before they can be issued. About Genesis Healthcare Inc. Based in Culver City, Calif., Genesis Healthcare Inc. is a medical group that provides physician services in Southern California. Genesis Healthcare has operated under the names Daehan Prospect Medical Group and Prospect Genesis Healthcare. Genesis Healthcare Inc. and several affiliated debtors sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead Case 25-80185) on July 9, 2025. In its petition, Genesis Healthcare Inc. listed between $1 billion and $10 billion in estimated assets and liabilities. The Hon. Bankruptcy Judge Stacey G. Jernigan handles the jointly administered cases. The Debtors employed McDermott Will & Schulte LLP as counsel; Jefferies LLC as investment banker; and Ankura Consulting Group, LLC, as restructuring advisors, and designated Louis E. Robichaux IV and Russell A. Perry as co-chief restructuring officers. Katten Muchin Rosenman LLP serves as special counsel at the sole direction of Jonathan Foster and Elizabeth LaPuma in their capacity as independent directors and members of the special investigation committee. The U.S. Trustee appointed an official committee of unsecured creditors in the Chapter 11 cases of Genesis Healthcare Inc. and affiliates. The committee retained Proskauer Rose LLP and Stinson LLP as its co-counsel; FTI Consulting, Inc., as its financial advisors; and Houlihan Lokey Capital, Inc. as its investment banker. GRAFFITI PYRAMID: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------------- The U.S. Trustee for Region 3 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of Graffiti Pyramid, LLC. About Graffiti Pyramid Graffiti Pyramid, LLC is a Philadelphia, Pa.-based single-asset real estate company that owns, develops, and leases a mixed-use property at 1700 Germantown Avenue in the Olde Kensington neighborhood, comprising commercial space, residential units, and parking. Graffiti Pyramid filed Chapter 11 petition (Bankr. E.D. Pa. Case No. 26-10044) on January 5, 2026, listing between $10 million and $50 million in assets and between $1 million and $10 million in liabilities. Judge Derek J. Baker oversees the case. Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg, LLP as bankruptcy counsel, and Duane Morris, LLP as special litigation counsel. GREEN SUITES: Seeks to Hire Charles Wertman as Bankruptcy Counsel ----------------------------------------------------------------- Green Suites LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ the Law Offices of Charles Wertman PC as counsel. The firm's services include: (a) provide legal advice with respect to the Debtor's powers and duties in accordance with the provisions of the Bankruptcy Code; (b) prepare on behalf of the Debtor all necessary legal documents required by the Bankruptcy Code and Federal Rules of Bankruptcy Procedure; (c) assist the Debtor in the development and implementation of a plan of reorganization or liquidation; and (d) perform all other legal services for the Debtor that may be necessary in connection with this Chapter 11 case and its attempts to reorganize its affairs under the Bankruptcy Code. The firm's hourly rates are as follows: Attorneys $525 Paraprofessionals $150 In addition, the firm will seek reimbursement for expenses incurred. Prior to the filing date, and on behalf of the Debtor, the firm was paid a total sum of $9,238, including the filing fee of $1,738. Charles Wertman, Esq. disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Charles Wertman, Esq. Law Offices of Charles Wertman PC 100 Merrick Road, Suite 304W Rockville Centre, NY 11570 Telephone: (516) 284-0900 Email: charles@cwertmanlaw.com About Green Suites LLC Green Suites LLC holds ownership of a single-family residential property situated in Brooklyn, New York, with a current value of $1.6 million. Green Suites sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-40419) on Jan. 27, 2026, listing up to $1,600,000 in total assets and up to $2,578,279 in total liabilities. Judge Elizabeth S. Stong oversees the case. The Debtor tapped the Law Offices of Charles Wertman PC as counsel. H&S COMMERCIAL: Seeks Chapter 11 Bankruptcy in Alabama ------------------------------------------------------ On February 27, 2026, H&S Commercial & Industrial Supplies and Services filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Alabama. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About H&S Commercial & Industrial Supplies and Services H&S Commercial & Industrial Supplies and Services is an Alabama-based supplier of commercial and industrial products, providing equipment, materials, and support services to businesses across multiple sectors. H&S Commercial & Industrial Supplies and Services sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-10564) on February 27, 2026. In its petition, the Debtor reports estimated assets between $100,001 and $1 million and estimated liabilities between $1 million and $10 million. Honorable Bankruptcy Judge Jerry C. Oldshue handles the case. The Debtor is represented by R. Scott Williams, Esq. of Rumberger, Kirk & Caldwell, P.C. HARRISBURG DAIRIES: Gets Interim OK to Use Cash Collateral ---------------------------------------------------------- Harrisburg Dairies, Inc. received interim approval from the U.S. Bankruptcy Court for the Middle District of Pennsylvania to use cash collateral. The court on March 2 authorized the Debtor to use cash collateral to fund operations until the final hearing on March 17. The Debtor is permitted to pay regular, post-petition expenses, including any fees owed to the Office of the U.S. Trustee and allowed fees and costs to professionals. MidPenn Bank will be granted a replacement lien on the Debtor's post-Petition cash collateral consisting of receivables, cash and the proceeds thereof, and in all assets of the Debtor to which the bank has a pre-bankruptcy lien and security interest. In the event that post-petition cash collateral is insufficient to provide an amount equal to such diminution, then MidPenn will have a superpriority status. In addition, the Debtor must pay the monthly interest to MidPenn, which is owed on the line of credit loan granted by the bank. The order is available at https://is.gd/Og61zX from PacerMonitor.com. Harrisburg Dairies has two loans with MidPenn Bank, one for approximately $1,829,324 secured by real estate and personal property, and a line of credit of approximately $1,792,470 secured by personal property, inventory, and cash. The Debtor's assets include equipment valued around $1,750,000, real estate over $2,700,000, accounts receivable of about $130,000, and minimal cash on hand. About Harrisburg Dairies Inc. Harrisburg Dairies, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Pa. Case No. 26-00474) on February 20, 2026. In the petition signed by Alec John Dewey, president, the Debtor disclosed up to $10 million in both assets and liabilities. Robert E. Chernicoff, Esq., at Cunningham, Chernicoff & Warshawsky PC, represents the Debtor as legal counsel. HARVEST SHERWOOD: Seeks to Extend Plan Exclusivity to April 1 ------------------------------------------------------------- Harvest Sherwood Food Distributors, Inc. and its affiliates asked the U.S. Bankruptcy Court for the Northern District of Texas to extend their exclusivity periods to file a plan of reorganization and obtain acceptance thereof to April 1 and June 1, 2026, respectively. The Debtors explain that ample cause exists to grant the relief requested in this Motion. The relevant factors weigh in favor of extending the Exclusivity Periods: * The Debtors' Chapter 11 Cases Are Large and Complex. These cases met the requirements for and were designated as complex cases with assets between $1 billion and $10 billion, liabilities between $50 million and $1 billion, and hundreds, if not thousands, of creditors. These chapter 11 cases also involve complex litigation with multiple parties. * The Additional Time Requested Will Provide the Debtors with Sufficient Time to Negotiate a Plan and Prepare Adequate Information. The Debtors are actively formulating a chapter 11 plan that they expect to file on a consensual basis following negotiations with the DIP Agent and Committee. Extending the Exclusivity Periods will allow the parties time to negotiate the terms of a consensual plan and minimize estate costs. * The Debtors Have Made Good Faith Progress Toward Exiting Chapter 11. The Debtors have progressed their cases substantially since the Petition Date and are strenuously endeavoring to exit chapter 11. * The Debtors have Demonstrated a Reasonable Prospect for Filing a Viable Plan. As discussed, formulation of a chapter 11 plan is currently underway and the Debtors expect to file on a consensual plan in the near term following negotiations with the DIP Agent and the Committee. * Relatively Little Time Has Elapsed in These Chapter 11 Cases. Less than ten months have elapsed since the Petition Date, during which substantial progress has been made in these chapter 11 cases. The requested extension(s), as applicable, is consistent with prior relief granted by this Court pursuant to the Exclusivity Extension Orders. * An Extension Will Not Pressure Creditors. The Debtors do not seek an extension of the Exclusivity Periods to pressure or prejudice any of their stakeholders. All parties in interest have had an opportunity to actively participate in substantive discussions with the Debtors throughout these chapter 11 cases. As noted in the First Day Declaration, the Debtors entered chapter 11 with support from an ad hoc committee of unsecured creditors and continue to coordinate with the DIP Agent and the Committee regarding key case developments and milestones. Extending the Debtors' exclusive right to solicit a chapter 11 plan will further drive consensus and maximize the value of estate assets for the benefit of stakeholders. The Debtors' Counsel: Thomas R. Califano, Esq. Chelsea McManus, Esq. SIDNEY AUSTIN LLP 2021 McKinney Avenue, Suite 2000 Dallas TX 75201 Tel: (214) 981-3300 Email: tom.califano@sidley.com cmcmanus@sidley.com - and - Stephen Hessler, Esq. Anthony R. Grossi, Esq. SIDLEY AUSTIN LLP 787 Seventh Avenue New York, New York 10019 Tel: (212) 839-5300 Fax: (212) 839-5599 Email: shessler@sidley.com agrossi@sidley.com jhufendick@sidley.com - and - Jason L. Hufendick, Esq. Ryan Fink, Esq. Daniela Rakowski, Esq. SIDLEY AUSTIN LLP One South Dearborn Chicago, Illinois 60603 Tel: (312) 853-7000 Fax: (312) 853-7036 Email: jhufendick@sidley.com ryan.fink@sidley.com drakowski@sidley.com About Harvest Sherwood Food Distributors Harvest Sherwood Food Distributors, Inc. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Case No. 25-80109) on May 5, 2025, listing up to $10 billion in assets and up to $1 billion in liabilities. The Debtors tapped Sidley Austin LLP as counsel, and Epiq Corporate Restructuring, LLC, as claims, noticing, and solicitation agent. HAWTHORNE RACE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------- Lead Debtor: Hawthorne Race Course, Inc. 3501 S Laramie Ave Stickney, IL 60804 Business Description: Hawthorne Race Course, Inc. operates a horse racing and wagering business in Illinois, conducting live thoroughbred and standardbred racing and generating revenue through pari-mutuel wagering, simulcast wagering on in-state and out-of-state races, sportsbook wagering, and advance deposit wagering. The company operates a network of off-track betting facilities throughout Illinois under its Hawthorne OTB division and provides food and beverage services through its wholly owned subsidiary, Post Time Catering, Inc., under the regulation of the Illinois Racing Board and the Illinois Gaming Board. Since 2019, the company has been developing a racino entertainment complex in Illinois combining casino-style wagering with horseracing, and it is primarily owned by descendants of Thomas Carey and governed by a board of directors overseeing its operations in Northern Illinois. Chapter 11 Petition Date: February 127, 2026 Court: United States Bankruptcy Court Northern District of Illinois Four affiliates that concurrently filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code: Debtor Case No. ------ -------- Hawthorne Race Course, Inc. (Lead Case) 26-03505 Carey Heirs Properties, LLC 26-03512 Suburban Downs, Inc. 26-03515 Post Time Catering, Inc. 26-03517 Judge: Hon. Deborah L. Thorne Debtors' General Bankruptcy Counsel: Barry A. Chatz, Esq. SAUL EWING 161 North Clark St. Suite 4200 Chicago IL 60601 Tel: (312) 876-7100 Email: barry.chatz@saul.com Debtors' General Counsel: CAREY WHITE BOLAND MURNIGHAN & MURRAY, LLC Debtors' General Regulatory Counsel: GREENBURG TRAURIG LLP Debtors' Financial Advisor: GETZLER HENRICH & ASSOCIATES Debtors' Notice, Claims & Balloting Agent: OMNI AGENT SOLUTIONS Lead Debtor's Estimated Assets: $50 million to $100 million Lead Debtor's Estimated Liabilities: $100 million to $500 million The petitions were signed by Timothy Sean Carey as president. A full-text copy of the Lead Debtor's petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TMVELIY/Hawthorne_Race_Course_Inc__ilnbke-26-03505__0001.0.pdf?mcid=tGE4TAMA List of Lead Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Fanatics, LLC Trade $8,750,000 8100 Nations Way Jacksonville, FL 32256 Phone: 855-438-0679 Email: andrea.ellis@betfanatics.com 2. Monarch Content Management Trade $7,133,612 285 W Himting Dr Arcadia, CA 91007 Phone: 626-574-6334 Email: David.Peterson@monarchmgmt.com 3. Aria Group Architects, Inc. Mechanic's Lien $5,647,129 830 North Blvd Oak Park, IL 60301 Phone: 708-445-8400 Email: chamer@ariainc.com 4. WE O'Neil Construction Co Mechanic's Lien $5,087,478 1245 W Washington Blvd Chicago, IL 60607 Phone: 773-755-1611 Email: deallonardo@weoneil.com 5. Roberts Communications Trade $1,528,952 Network, LLC 4075 Volunteer Blvd Henderson, NV 89044-1845 Phone: 702-227-7500 Email: dnishioka@rcnmail.com 6. Woodbine Thoroughbred Trade $1,212,204 P.O. Box 156 555 Rexdale Blvd. Etobicoke, ON M9W 5L2 Canada Phone: 416-675-7223 Email: nradhakrishnan@woodbine.com 7. CDI, Inc. Trade $974,770 600 Hurstbourne Pkwy, Ste 400 Louisville, KY 40222 Phone: 502-636-4432 Email: Jessica.Bullock@unitedtote.com 8. Horseracing Integrity Trade $971,208 401 W Main St. Ste 222 Lexington, KY 40507 Phone: 877-513-2919 Email: jim.gates@hisaus.org 9. Laurel Trade $875,287 P.O. Box 130 Laurel, MD 20725 Phone: 301-470-5660 Email: Couthen@marylandracing.com 10. Caesar's Trade $750,891 4811 Versailles Rd Lexington, KY 40510 Phone: 702-407-6000 Email: JMorris@caesars.com 11. Meadowlands Trade $590,761 50 State Rte 120 E Rutherford, NJ 7073 Phone: 201-460-4239 Email: Dstewart@playmeadowlands.com 12. Constellation New Energy, Inc. Trade $565,154 P.O. Box 4640 Carol Stream, IL 60197 Phone: 888-635-0827 Email: Clayton.Picken@constellation.com 13. Carey White Boland Legal $559,819 Murnighan & Murray, LLC 33 W Jackson Blvd, 5th Fl Chicago, IL 60604 Phone: 312-939-4300 Email: kmurnighan@careywhitelaw.com 14. Del Mar Thoroughbred Club Trade $509,442 2260 Jimmy Durante Blvd Del Mar, CA 92014-0700 Phone: 858-794-1063 Email: berni@dmtc.com 15. NYRA Trade $502,500 P.O. Box 9500-3820 Philadelphia, PA 19195-0001 Phone: 718-641-4700X3442 Email: Pmiller@nyrainc.com 16. Penn National Trade $491,828 Box 32 Grantville, PA 17028 Phone: 610-373-2400 Email: ChrisMcErlean@pngaming.com 17. PARX Trade $448,268 P.O. Box 1000 Bensalem, PA 19020-2096 Phone: 267-223-3610 Email: Plarkin@parxcasino.com 18. Croke Fairchild Duarte & Beres LLC Legal $441,666 180 N LaSalle St. Ste 3400 Chicago, IL 60601 Phone: 312-650-8650 Email: sklapman@afmlegalpc.com 19. Tampa Bay Downs Trade $413,079 11225 Race Track Rd Tampa, FL 33626 Phone: 813-855-4401 Email: GAGelyon@tampabaydowns.com 20. Waste Management Trade $356,759 P.O. Box 4648 Carol Stream, IL 60197-4648 Phone: 203-876-1000 Email: ESamuels@wm.com HILLVIEW DAIRY: Hires Buckrop & VanDeVelde as Bankruptcy Counsel ---------------------------------------------------------------- Hillview Dairy, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Buckrop & VanDeVelde, P.C. to handle the bankruptcy proceedings. The firm will be paid at these hourly rates: Attorney VanDeVelde $295 Attorney Bruce Buckrop $295 Mary Kay VanDeVelde, Enrolled Agent $185 All other staff $135 As disclosed in the court filings, Buckrop & VanDeVelde, P.C. is disinterested as provided in the Bankruptcy Code. The firm can be reached through: John M VanDeVelde, Esq. Buckrop & VanDeVelde, P.C. 114 19th Street Rock Island, Il 61201 Tel: (309) 788-2747 About Hillview Dairy, Inc. Hillview Dairy, Inc., based in Ollie, Iowa, is a family-owned agricultural operation that originally focused on dairy farming and now encompasses multiple business lines, including beef production, cattle genetics, and landscaping services. Hillview Dairy, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Iowa Case No. 26-00239) on February 20, 2026, listing $1,486,547 in assets and $1,737,970 in liabilities. The petition was signed by Robert Wonderlich as president. Judge Lee M Jackwig presides over the case. John VanDeVelde, Esq. at BUCKROP & VANDEVELDE, P.C. serves as the Debtor's counsel. HOBBS COMPANY: Seeks to Tap Harris Law Practice as Legal Counsel ---------------------------------------------------------------- Hobbs Company Limited, LLC seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Harris Law Practice LLC as counsel. The firm's services include: (a) examine and prepare records and reports as required by the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and Local Bankruptcy Rules; (b) prepare applications and proposed orders to be submitted to the Court; (c) identify and prosecute claims and causes of action assertable by the Debtor on behalf of the estate; (d) examine proofs of claim anticipated to be filed and the possible prosecution of objections to certain claims; (e) advise the Debtor and prepare documents in connection with the contemplated ongoing operation of its business; (f) assist and advise the Debtor in performing other official functions set forth in Section 521, et seq., of Bankruptcy Code; and (g) advise and prepare a plan of reorganization, and related documents, and confirmation of said plan, as provided in Section 1121, et seq., of the Bankruptcy Code. The firm will be paid at these hourly rates: Stephen Harris, Attorney $650 Norma Guariglia, Attorney $550 Paraprofessional $200 The firm received an advance retainer of $7,500 from the Debtor. Mr. Harris disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen R. Harris, Esq. Harris Law Practice LLC 850 E. Patriot Blvd., Suite F Reno, NV 89511 Telephone: (775) 786-7600 Email: steve@harrislawreno.com About Hobbs Company Limited LLC Hobbs Company Limited, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-50054) on January 21, 2026, with $100,001 to $500,000 in assets and $500,001 to $1 million in liabilities. Stephen R. Harris, Esq., at Harris Law Practice LLC represents the Debtor as counsel. HS PURCHER: New Mountain Marks $4.4M 2L Loan at 17% Off ------------------------------------------------------- New Mountain Finance Corp. has marked its $4,440,000 loan extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. to market at $3,673,000 or 83% of the outstanding amount, according to New Mountain's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a second lien loan extended to HS Purchaser, LLC / Help/Systems Holdings, Inc. The Loan accrues interest at a rate of SOFR(Q) 9.00%/PIK 12.97% per annum. The Loan matures on May 2029. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About HS Purchaser, LLC / Help/Systems Holdings, Inc. HS Purchaser, LLC/Help/Systems Holdings, Inc. develops infrastructure software. I-ON DIGITAL: Repays $1.21MM Promissory Notes --------------------------------------------- I-On Digital Corporation disclosed in a regulatory filing that entered into settlement agreements with five unrelated lenders to settle promissory notes in the aggregate, principal amount of $1,210,00 plus all interest, penalties and fees. Pursuant to the Agreement, the Notes were repaid and fully discharged in consideration for: (i) the issuance of an aggregate of 396,000 shares of the Company's common stock, par value $0.0001 per share and (ii) 489.5 IONau gold-backed digital asset tokens issued by the Company. The IONau tokens were valued at approximately $2,454,304.05 in the aggregate, based on the closing spot price of gold of $5,013.90 per troy ounce on February 16, 2026. The valuation was derived from the contractually agreed methodology tied to the applicable LBMA reference price. The shares of Common Stock were issued in reliance upon the exemption from registration provided by Section 3(a)(9) and Section 4(a)(2) of the Securities Act of 1933, as amended. No commission or other remuneration was paid in connection with the issuance. The Agreements have release and other customary representations, warranties, and agreements by the Company. A full text of the form of the Agreement is available at https://tinyurl.com/43rvw734 About I-On Digital Corp. Headquartered in Chicago, Ill., I-ON develops and provides advanced asset-digitization and securitization solutions designed to deliver a secure, fast, and transparent digital asset ecosystem. The Company converts documentary evidence of ownership into secure, asset-backed digital certificates, enhancing liquidity and value across a range of asset classes. Its hybrid blockchain architecture integrates smart contracts and workflow automation, augmented by artificial intelligence technologies. This system enables the digitization of ownership records for recoverable gold, precious metals, and mineral reserves, supporting value transfer through innovative financial instruments. In its report dated April 10, 2025, the Company's auditor, Mac Accounting Group & CPAs, 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 limited revenues and has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern. As of September 30, 2025, I-ON Digital reported total assets of $18.2 million, total liabilities of $3.3 million, and total stockholders' equity of $14.9 million. IHN PODIATRY: Seeks Approval to Tap Sisco-Law as Special Counsel ---------------------------------------------------------------- IHN Podiatry Services, PLLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Sisco-Law as special counsel. The firm's services include: (a) provide continued representation in the Administrative Appeals; (b) initiate appeals before the Medicare Appeals Council and, if necessary, federal court; (c) represent the Debtor at the upcoming hearing in January before the Administrative Law Judge (ALJ); and (d) provide legal services ancillary to the foregoing. The firm will be paid at these hourly rates: Attorneys $300 - $500 Paraprofessional $125 - $135 In addition, the firm will seek reimbursement for expenses incurred. Dale Sisco, Esq., an attorney at Sisco-Law, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Dale Sisco, Esq. Sisco-Law 777 South Harbour Island Blvd., Suite 320 Tampa, FL 33602 Telephone: (813) 224-0555 Email: dsisco@sisco-law.com About IHN Podiatry Services PLLC IHN Podiatry Services, PLLC, operating as Bedside Wound Care, provides in-home wound care services to patients in Lakeland, Florida, and surrounding areas, specializing in chronic wounds, post-surgical wounds, and diabetic foot ulcers. It offers wound assessment, debridement, and foot and ankle care, delivering personalized treatment plans tailored to individual patient needs. Its services aim to improve healing outcomes, reduce complications, and enhance patient convenience by bringing professional wound care directly to the home. IHN Podiatry Services filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00384) on January 21, 2026, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Amy Denton Mayer of Stichter Riedel Blain & Postler, PA serves as Subchapter V trustee. Judge Luis Ernesto Rivera II oversees the case. The Debtor tapped Erik Johanson, Esq., at Erik Johanson PLLC as bankruptcy counsel and Dale Sisco, Esq., at Sisco-Law as special counsel. IHN PODIATRY: Seeks to Hire Erik Johanson as Bankruptcy Counsel --------------------------------------------------------------- IHN Podiatry Services, PLLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Erik Johanson PLLC as counsel. The firm's services include: (a) advise on rights and obligations under the Bankruptcy Code; (b) prepare and file necessary motions and pleadings; (c) represent the Debtor in court proceedings; (d) negotiate with creditors and other parties-in-interest; and (e) assist in the formulation and confirmation of a Chapter 11 plan. The firm will be paid at these hourly rates: Attorneys $335 - $435 Paraprofessionals $125 - $175 In addition, the firm will seek reimbursement for expenses incurred. The firm was paid a pre-bankruptcy retainer of $25,000, of which $17,659 was used to prepare the petition, schedules and statements, and certain motions intended to be filed within the first 30 days of the case, and $1,738 was used to pay the Chapter 11 filing fee. Erik Johanson, Esq., an attorney, disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Erik Johanson, Esq. Erik Johanson PLLC 3414 W. Bay to Bay Boulevard, Suite 300 Tampa, FL 33629 Telephone: (813) 210-9442 Email: erik@johanson.law About IHN Podiatry Services PLLC IHN Podiatry Services, PLLC, operating as Bedside Wound Care, provides in-home wound care services to patients in Lakeland, Florida, and surrounding areas, specializing in chronic wounds, post-surgical wounds, and diabetic foot ulcers. It offers wound assessment, debridement, and foot and ankle care, delivering personalized treatment plans tailored to individual patient needs. Its services aim to improve healing outcomes, reduce complications, and enhance patient convenience by bringing professional wound care directly to the home. IHN Podiatry Services filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00384) on January 21, 2026, listing between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Amy Denton Mayer of Stichter Riedel Blain & Postler, PA serves as Subchapter V trustee. Judge Luis Ernesto Rivera II oversees the case. The Debtor tapped Erik Johanson, Esq., at Erik Johanson PLLC as bankruptcy counsel and Dale Sisco, Esq., at Sisco-Law as special counsel. IMPERIAL 1 LLC: Seeks to Hire Butler McDonald as Bankruptcy Counsel ------------------------------------------------------------------- Imperial 1, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Louisiana to hire the law firm of Butler McDonald as counsel. The firm will provide legal services such as discussing non-bankruptcy options, negotiations with the major creditors in order to avoid the expense of bankruptcy, alternatives within bankruptcy, review of financial documentation, review of contracts, legal aspects of security agreements and interests, hourly consultations, and preparation of bankruptcy schedules. The firm's rates are: Attorneys $400 per hour Paralegal $150 per hour The law firm of Butler McDonald has the pre-petition retainer of $2,500. Mark R. Ladd, Esq., an attorney at Butler MacDonald, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Mark R. Ladd, Esq. Butler MacDonald 2450 Severn Ave., Ste. 400 Metairie, LA 70001 Phone: (504) 285-5440 Email: mladd@bmcdlaw.com About Imperial 1 LLC Imperial 1, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. La. Case No. 10102) on February 6, 2026. Mark Ladd, Esq., represents the Debtor as legal counsel. INDEPENDENCE BEVERAGES: Hires Elevate Law Group as Legal Counsel ---------------------------------------------------------------- Independence Beverages, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to hire Elevate Law Group as counsel. The firm's services include: (a) consulting with it concerning the administration of the case; (b) advising it with regard to its rights, powers and duties as a debtor in possession; (c) investigating and, if appropriate, prosecuting on behalf of the estate claims and causes of action belonging to the estate; (d) advising it concerning alternatives for restructuring its debts and financial affairs pursuant to a plan or, if appropriate, liquidating its assets; and (e) preparing the bankruptcy schedules, statements and lists required to be filed by the Debtor under the Bankruptcy Code and applicable procedural rules. The firm's current hourly rates are: Nicholas J. Henderson, Partner $540 Alex C. Trauman, Partner $540 Troy G. Sexton, Partner $495 Jeremy Tolchin, Associate $450 Sean Glinka, Associate $450 Mary Talamantez, Associate $315 Noah Maurer, Associate $315 Leona Yazdidoust, Associate $295 Paralegals $210 Legal Assistants $195 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $40,000. Mr. Sexton disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Troy G. Sexton, Esq. Elevate Law Group 6000 Meadows Law Group, Suite 450 Lake Oswego, OR 97035 Telephone: (503) 417-0508 Facsimile: (503) 417-0501 E-mail: troy@elevatelawpdx.com About Independence Beverages, LLC Independence Beverages, LLC is a single-asset real estate company that owns one income-producing property. Independence Beverages, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Oregon Case No. 26-60416) on February 19, 2026, listing $1 million to $10 million in both assets and liabilities. The petition was signed by Jason Greenwood as member. Judge Peter C McKittrick presides over the case. Troy G. Sexton, Esq. at ELEVATE LAW GROUP serves as the Debtor's counsel. INDEPENDENCE BEVERAGES: Seeks to Hire Elevate Law Group as Counsel ------------------------------------------------------------------ Independence Beverages, LLC seeks approval from the U.S. Bankruptcy Court for the District of Oregon to employ Elevate Law Group as counsel. The firm will render these services: (a) consult concerning the administration of the case; (b) advise with regard to the Debtor's rights, powers and duties; (c) investigate and, if appropriate, prosecute on behalf of the estate claims and causes of action belonging to the estate; (d) advise concerning alternatives for restructuring the Debtor's debts and financial affairs pursuant to a plan or, if appropriate, liquidating its assets; and (e) prepare the bankruptcy schedules, statements and lists required to be filed by the Debtor under the Bankruptcy Code and applicable procedural rules. The firm will be paid at these hourly rates: Nicholas Henderson, Partner $540 Alex Trauman, Partner $540 Troy Sexton, Partner $495 Jeremy Tolchin, Associate $450 Sean Glinka, Associate $450 Mary Talamantez, Associate $315 Noah Maurer, Associate $315 Leona Yazdidoust, Associate $295 Paralegals $210 Legal Assistants $195 In addition, the firm will seek reimbursement for expenses incurred. The firm requested an initial deposit in the amount of $40,000 from the Debtor. Mr. Sexton disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Troy G. Sexton, Esq. Elevate Law Group 6000 Meadow Roads, Suite 450 Lake Oswego, OR 97035 Telephone: (503) 417-0517 Facsimile: (503) 417-0501 Email: troy@elevatelawpdx.com About LS Interiors Group Inc. Independence Beverages, LLC is a single-asset real estate company that owns one income-producing property. Independence Beverages filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Ore. Case No. 26-60416) on Feb. 19, 2026. In the petition signed by Jason Greenwood, member, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Peter C. McKittrick oversees the case. Troy G. Sexton, Esq., at Elevate Law Group represents the Debtor as counsel. INFINITE GROUP: Reports $364,071 Net Loss in Q2 2025 ---------------------------------------------------- Infinite Group, Inc. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025. The Company reported net losses of $364,071 and $381,251 for the three months ended June 30, 2025 and 2024, respectively, and net losses of $648,371 and $840,780 for the six months ended June 30, 2025 and 2024, respectively, The Company reported stockholders' deficiencies of $10,841,859 and $10,193,488 at June 30, 2025 and December 31, 2024, respectively. The stockholders' deficiency increased by $648,371 during the six months ended June 30, 2025, primarily due to the net loss for the period. The Company has a working capital deficit of approximately $9.5 million at June 30, 2025. Additionally, the Company has recurring losses from operations and has limited cash resources to fund its operations. The Company's mission is to drive shareholder value by developing and bringing to market automated, cost effective, and innovative cybersecurity technologies. The Company's strategy is to build its business by designing, developing, and marketing IT security-based products and solutions that fill technology gaps in cybersecurity. The Company's goal is to increase sales and generate cash flow from operations on a consistent basis. The Company's business plans require improving the results of its operations in future periods. The Company has renegotiated the terms of some certain obligations, using operational cash flow to pay down balances and extending terms, and provided financing with the issuance of new loans. The Company plans to issue stock, restructure certain debt and anticipates significant growth of business. The Company believes the capital resources generated by operations cash available under its factoring line of credit and potential additional financing from related parties and third-party loans, if available, may provide sources to fund its ongoing operations and to support the internal growth of the Company. The Company may need to extend existing debt agreements in order to provide resources for other purposes. If the Company experiences significant growth in its sales, the Company believes that this may require it to increase its financing line, finance additional accounts receivable, or obtain additional working capital from other sources to support its sales growth. The Company plans to continue to evaluate alternatives which may include continuing to renegotiate the terms of other notes, seeking conversion of the notes to shares of common stock and seeking funds to repay the notes. The Company continues to evaluate repayment of our remaining notes payable based on its cash flow. As a result, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern within one year of February, 23, 2026, the date these financial statements were issued. As of June 30, 2025, the Company had $1,187,322 in total assets, $12,029,181 in total liabilities, and $10,841,859 in total stockholders' deficit. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/3e9w4fbj About Infinite Group Headquartered in Pittsford, New York, Infinite Group, Inc. is a developer of cybersecurity software and related cybersecurity consulting, advisory, and managed information security services. The Company principally sells software and services through indirect channels such as Managed Service Providers, Managed Security Services Providers, agents and distributors and government contractors, whom the Company refers to collectively as its channel partners. Rochester, New York-based Freed Maxick P.C., the Company's auditor since at least 1995, issued a "going concern" qualification in its report dated October 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 suffered recurring losses from operations, has negative working capital, and has total liabilities in excess of its total assets. This raises substantial doubt about the Company's ability to continue as a going concern. INFINITE GROUP: Reports $669,533 Net Loss in Q3 2025 ---------------------------------------------------- Infinite Group, Inc. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025. The Company reported net losses of $669,533 and $387,298 for the three months ended September 30, 2025 and 2024, respectively, and net losses of $1,317,904 and $1,228,078 for the nine months ended September 30, 2025 and 2024, respectively. The Company reported stockholders' deficiencies of $11,511,392 and $10,193,488 at September 30, 2025 and December 31, 2024, respectively. The stockholders' deficiency increased by $1,317,904 during the nine months ended September 30, 2025, primarily due to the net loss for the period. The Company has a working capital deficit of approximately $10.5 million at September 30, 2025. Additionally, the Company has recurring losses from operations and has limited cash resources to fund its operations. The Company's mission is to drive shareholder value by developing and bringing to market automated, cost-effective, and innovative cybersecurity technologies. The Company's strategy is to build its business by designing, developing, and marketing IT security-based products and solutions that fill technology gaps in cybersecurity. The Company's goal is to increase sales and generate cash flow from operations on a consistent basis. The Company's business plans require improving the results of its operations in future periods. The Company has renegotiated the terms of certain obligations, using operational cash flow to pay down balances and extending terms, and has obtained and may continue to seek additional financing through debt or equity issuances. The Company plans to issue stock, restructure certain debt obligations and anticipates significant growth of business, although there can be no assurance that such plans will be successfully implemented or that such growth will be achieved. The Company believes the capital resources generated by the operations, together with cash available under its factoring line of credit and from additional related party and third-party loans, if available, may provide sources to fund its ongoing operations and to support the internal growth of the Company, although there can be no assurance that such resources will be sufficient or that additional financing will be available on acceptable terms or at all. The Company may need to extend existing debt agreements in order to provide resources for other purposes. If the Company experiences significant growth in its sales, the Company believes that this may require it to increase its financing line, finance additional accounts receivable, or obtain additional working capital from other sources to support its sales growth. The Company plans to continue to evaluate alternatives which may include continuing to renegotiate the terms of other notes, seeking conversion of the notes to shares of common stock and seeking additional funds to repay the notes, although there can be no assurance that noteholders will agree to such conversions or that additional funds will be available. The Company continues to evaluate repayment of our remaining notes payable based on its cash flow. As a result, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern for a period of at least 12 months from February, 23, 2026, the date these financial statements were issued. As of September 30, 2025, the Company had $1,148,753 in total assets, $12,660,145 in total liabilities, and $11,511,392 in total stockholders' deficit. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/ywt7uvhp About Infinite Group Headquartered in Pittsford, New York, Infinite Group, Inc. is a developer of cybersecurity software and related cybersecurity consulting, advisory, and managed information security services. The Company principally sells software and services through indirect channels such as Managed Service Providers, Managed Security Services Providers, agents and distributors and government contractors, whom the Company refers to collectively as its channel partners. Rochester, New York-based Freed Maxick P.C., the Company's auditor since at least 1995, issued a "going concern" qualification in its report dated October 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 suffered recurring losses from operations, has negative working capital, and has total liabilities in excess of its total assets. This raises substantial doubt about the Company's ability to continue as a going concern. INFINITY CARE: Case Summary & 20 Largest Unsecured Creditors ------------------------------------------------------------ Debtor: Infinity Care of East of L.A. 101 S. Fickett Street Los Angeles, CA 90033 Business Description: Infinity Care of East L.A. operates as a skilled nursing facility in Los Angeles, California, providing 24-hour nursing care, long-term residential services, and rehabilitation therapy. The facility is certified to participate in Medicare and Medicaid programs and serves patients requiring post-acute and extended care. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11877 Debtor's Counsel: David A. Wood, Esq. MARSHACK HAYS WOOD LLP 870 Roosevelt Irvine, CA 92620-3663 Tel: (949) 333-7777 Email: dwood@marshackhays.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by David M. Goodrich as chief restructuring officer. A full-text copy of the petition, which includes a list of the Debtor's 20 largest unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/DHNJYBY/Infinity_Care_of_East_of_LA__cacbke-26-11877__0001.0.pdf?mcid=tGE4TAMA INSPIRED HEALTHCARE: U.S. Trustee Appoints Creditors' Committee --------------------------------------------------------------- The U.S. Trustee for Region 6 appointed an official committee to represent unsecured creditors in the Chapter 11 cases of Inspired Healthcare Capital Holdings, LLC and its affiliates. The committee members are: 1. Mark Wilkins snikliwmb@msn.com 2. Richard Waldron rckwldrn@gmail.com 3. Tamarack Properties, Inc. c/o John Franzman john@tamarackpropertiesinc.com 4. Patrick Thibaudeau pfthibaudeau@gmail.com 5. Doug Barnes Landserv90@hotmail.com Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About Inspired Health Capital Fund Services Inspired Health Capital Fund Services, LLC operates as a private equity firm specializing in senior housing. Its portfolio includes 35 operating senior living communities in 14 states, providing housing and care services to roughly 2,620 residents across independent living, assisted living, and memory care settings. Inspired Health Capital Fund Services and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas Lead Case No. 26-90004) on February 2, 2026. In its petition, Inspired Health Capital Fund Services reported $1 billion to $10 billion in both assets and liabilities. Judge Mark X. Mullin handles the cases. The Debtors tapped Marcus Alan Helt, Esq., at Mcdermott Will & Schulte, LLP as bankruptcy counsel; M. Benjamin Jones of Ankura Consulting Group, LLC as chief restructuring officer; and Raymond James & Associates, Inc. as investment banker. Epiq Corporate Restructuring, LLC is the Debtors' claims, noticing, solicitation and administrative agent. Lapis Municipal Opportunities Fund V LP, as DIP lender, is represented by: Thomas C. Scannell, Esq. Nora J. McGuffey, Esq. Foley & Lardner, LLP 2021 McKinney Avenue, Suite 1600 Dallas, TX 75201 Telephone: (214) 999-3000 tscannell@foley.com nora.mcguffey@foley.com -and- Adrienne K. Walker, Esq. Foley & Lardner, LLP 111 Huntington Avenue, Suite 2500 Boston, MA 02199 Telephone: (617) 503-3355 awalker@foley.com -and- Michelle N. Saney, Esq. Foley & Lardner, LLP 90 Park Avenue, 39th Floor New York, NY 10016 Telephone (212) 338-3435 michelle.saney@foley.com INTREPID LLC: Seeks to Tap Cohne Kinghorn PC as Bankruptcy Counsel ------------------------------------------------------------------ Intrepid, LLC seeks approval from the U.S. Bankruptcy Court for the District of Utah to hire Cohne Kinghorn, P.C. as its general bankruptcy counsel. The firm's services include: a. advising the Debtor with respect to duties and powers under the Bankruptcy Code, Bankruptcy Rules, and related laws; b. assisting the Debtor with respect to legal issues which may arise from time to time in this Case; c. assisting the Debtor to obtain approval of post-petition financing pursuant to section 364 of the Bankruptcy Code; d. if the Debtor deems appropriate and/or necessary, negotiating and preparing an asset purchase agreement and seeking entry of an order permitting the sale of assets pursuant to section 363 of the Bankruptcy Code, and related relief; e. negotiating and preparing a plan of reorganization, disclosure statement, and all related agreements and/or documents, and taking any necessary action on behalf of the Debtor to obtain confirmation of such plan; f. assisting the Debtor in collecting, preserving and, if appropriate, disposing of assets; g. assisting the Debtor in determining the validity and amount of claims in the Case; h. advising and representing the Debtor with respect to causes of action which the Debtor may have against others; i. negotiating, documenting, and presenting to the Court for approval pursuant to Bankruptcy Rule 9019 agreements to settle and compromise the Debtor's causes of action and claims against others; and j. rendering legal advice and services to the Debtor regarding such other matters as may arise from time to time in this Case. The firm's billing rates are: Matthew M. Boley $525 per hour George B. Hofmann $525 per hour Jeffrey L. Trousdale $365 per hour Grant Coffey $275 per hour Mashell Parks $200 per hour Kim Renak $125 per hour The firm received an initial retainer totaling $72,275.90. Matthew Boley, Esq., a partner at Cohne Kinghorn, P.C., disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Matthew M. Boley, Esq. Grant Coffey, Esq. COHNE KINGHORN, P.C. 111 E. Broadway, 11th Floor Salt Lake City, UT 84111 Telephone: (801) 363-4300 E-mail: mboley@ck.law gcoffey@ck.law About Intrepid, LLC Intrepid, LLC filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Utah Case No. 26-20852) on February 20, 2026, listing $100,000 to $500,000 in assets and $1 million to $10 million in liabilities. The petition was signed by Seth S. Gomm as manager. Judge Michael F Thomson presides over the case. Matthew M. Boley, Esq. at COHNE KINGHORN, P.C. serves as the Debtor's counsel. J&B CONSTRUCTION: Seeks to Hire Keize & Associates as Accountant ---------------------------------------------------------------- J&B Construction Services USA, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of Georgia to employ Keize & Associates as accountant. The firm will provide accounting needs, including preparation of state and federal tax returns. The firm will charge $2,700 for the month of March 2026 and a fee of $700 per month thereafter for bookkeeping services and preparation and filing of the Debtor's federal and state income tax returns for 2025. Simon Keize, a certified public accountant at Keize & Associates, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Simon Keize, CPA Keize & Associates 111 N. Pine Siland Rd., Ste. 102B Plantation, FL 33324 Telephone: (954) 343-3180 About J&B Construction Services USA Inc. J&B Construction Services USA, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 26-51575) on February 4, 2026. In the petition signed by Sharna Barnes, chief executive officer, the Debtor disclosed up to $10 million in both assets and liabilities. The Debtor tapped Adam E. Ekbom, Esq., at Jones & Walden LLC as counsel and Simon Keize, CPA, at Keize & Associates as accountant. J&L INVESTMENTS: Amy Denton Mayer Named Subchapter V Trustee ------------------------------------------------------------ The Acting U.S. Trustee for Region 21 appointed Amy Denton Mayer of Stichter Riedel Blain & Postler, P.A. as Subchapter V trustee for J&L Investments of SWFL, LLC. Ms. Mayer will be paid an hourly fee of $400 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Mayer declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Amy Denton Mayer Stichter Riedel Blain & Postler P.A. 110 East Madison Street, Suite 200 Tampa, FL 33602 Phone: (813)229-0144 Email: amayer@subvtrustee.com About J&L Investments of SWFL LLC J&L Investments of SWFL, LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00406) on February 23, 2026, with $1 million to $10 million in assets and liabilities. Judge Paul M. Black presides over the case. Scot Stewart Farthing, Esq., at Scot S. Farthing, Attorney At Law, PC represents the Debtor as bankruptcy counsel. KADAM LOGISTICS: Seeks to Tap Joel A. Schechter as Legal Counsel ---------------------------------------------------------------- Kadam Logistics Corp. seeks approval from the U.S. Bankruptcy Court for the Northern District of Illinois to employ the Law Offices of Joel A. Schechter as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties in the continued operation of its business and financial affairs; (b) prepare on behalf of the Debtor necessary legal papers and appurtenant to these proceedings; and (c) perform all other legal services for the Debtor which may be necessary in the prosecution of this proceeding. The firm received a retainer of $15,000, in addition to the filing fee, from the Debtor. Joel Schechter, Esq. disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joel A. Schechter, Esq. Law Offices of Joel A. Schechter 53 W., Jackson Blvd., Suite 860 Chicago, IL 60604 Telephone: (312) 332-0267 Email: joel@jasbklaw.com About Kadam Logistics Kadam Logistics Corp. is an Illinois corporation that provides surface freight motor carrier transportation services. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 25-05237) on April 4, 2025, with $100,001 to $500,000 in assets and liabilities. Judge Janet S. Baer oversees the case. Joel A. Schechter, Esq., at the Law Offices of Joel Schechter serves as the Debtor's counsel. KBI 2015 TX: Seeks Approval to Tap RBO Services LLC as Accountant ----------------------------------------------------------------- KBI 2015 TX LP seeks approval from the U.S. Bankruptcy Court for the Eastern District of Texas to employ RBO Services LLC, doing business as Lion Chaser Development Group, LLC, as accountant. The Debtor requires an accountant to perform accounting and financial consulting services that may be requested during the course of its Chapter 11 case. The firm will be compensated at an hourly rate of $200 plus reimbursement for expenses incurred. Carlos Camelo, a certified public accountant at RBO Services LLC, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Carlos Camelo, CPA RBO Services LLC PO Box 9229 Missoula, MT 59807 About KBI 2015 TX LP KBI 2015 TX LP filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Tex. Case No. 25-42973) on October 3, 2025, listing up to $50,000 in assets and up to $10 million in liabilities. The Debtor tapped Howard Marc Spector, Esq., at Spector & Cox, PLLC as counsel and Carlos Camelo, CPA, at Lion Chaser Development Group, LLC as accountant. KID CITY: Seeks Approval to Hire GrayRobinson as Special Counsel ---------------------------------------------------------------- Kid City USA Enterprises, Inc. seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ GrayRobinson, PA as special counsel. The firm will provide these services: (a) resolve disputes between the Debtor, franchisees, and other third parties for the benefit of the estate; (b) review the potential filing of adversary proceedings or initiating other proceedings against franchisees due to non-payment of royalties; and (c) pursue any other causes of action against franchisees and/or other third parties related to franchise agreements and/or loans made by the Debtor. The firm will be paid at these hourly rates: Shareholders $700 - $825 Associates $285 - $305 Paralegals $235 - $345 Prior to the filing of the case, the firm was paid a total of 492,621.41 from Kruz Holdings, LLC. Of that amount, $42,621.41 was applied/utilized for prepetition obligations of the Debtor related to issues with various franchisees and landlords. Samuel Grier Wells, Esq., an attorney at GrayRobinson, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Samuel Grier Wells, Esq. GrayRobinson, PA 50 N. Laura St., Suite 1100 Jacksonville, FL 32202 Telephone: (904) 598-9929 Facsimile: (904) 598-9109 About Kid City USA Enterprises Inc. Kid City USA Enterprises, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-00004) on January 2, 2026, listing between $1 million and $10 million in both assets and liabilities. Audrey Bruner, president of Kid City USA Enterprises, signed the petition. Judge Jason A. Burgess oversees the case. The Debtor tapped Robert C. Bruner, Esq., at Bruner Wright, PA as bankruptcy counsel and Samuel Grier Wells, Esq., at GrayRobinson, PA as special counsel. KOSSOFF PLLC: Former Atty. Removed from Ch. 11 Case During Appeal ----------------------------------------------------------------- Emily Sawicki of Law360 Bankruptcy Authority reports that in a significant jurisdictional ruling, a New York bankruptcy judge said he has authority to oversee litigation tied to the collapse of Kossoff PLLC, a now‑defunct real estate law firm whose principal stole about $14 million from clients. The ruling, issued in the U.S. Bankruptcy Court for the Southern District of New York, clarifies the scope of the court’s power to hear claims connected to the bankruptcy. The judge found that the disputes were sufficiently related to the bankruptcy administration and the interests of creditors to fall within the court's jurisdictional remit, allowing adversary actions to move forward in the Chapter 7 case. The decision keeps various claims and defenses against parties associated with the firm's collapse under the umbrella of the bankruptcy proceedings, the report states. As part of the ruling, the judge noted that the disbarred, imprisoned former principal may be dismissed from some aspects of the litigation because he appears to lack the assets to satisfy a judgment. The decision could shape how other litigation tied to the case is handled in bankruptcy court. About Kossoff PLLC Kossoff PLLC is a real estate law firm based in New York City. It operated as a law firm with offices located at 217 Broadway in New York City. The firm held itself out as a law firm that provided full-service real estate legal services specializing in litigation and transactional matters, including leasing, sale and acquisition of real property, commercial landlord tenant matters, real estate litigation, and city, state and federal agency regulatory matters. Mitchell H. Kossoff, the firm's founder and only known managing member, is alleged to have failed to and/or refused to return millions of dollars of client funds when requested by clients. Kossoff PLLC is subject to an involuntary petition for Chapter 7 bankruptcy (Bankr. S.D.N.Y. Case No. 21-10699) by creditors on April 13, 2021. The case is handled by Honorable Judge David S. Jones. Gran Sabana Corp NV, Louis & Jeanmarie Giordano, and other former clients of the Debtor signed the involuntary petition. Carter Ledyard & Milburn LLP, led by Aaron R. Cahn, represents the petitioners. Veteran restructuring lawyer Albert Togut of Togut, Segal & Segal LLP, was named as Chapter 7 Trustee. He tapped his own firm as counsel in the case. LA GEOTHERMAL: Hires Tang & Associates as Bankruptcy Counsel ------------------------------------------------------------ LA Geothermal Energy Corp. seeks approval from the U.S. Bankruptcy Court for the Central District of Florida to hire Tang & Associates as general bankruptcy counsel. The firm will render these services: (a) advise the Debtor on matters relating to administration of the Estate, and on the Debtor's rights and remedies about the Estate's assets and the claims of secured and unsecured creditors; (b) appear for, prosecute, defend, and represent the Debtor's interest in suits arising in or related to this case, including any adversary proceedings against the Debtor; (c) assist in the preparation of such pleadings, applications, schedules, orders, and other documents as are required for the orderly administration of this Estate; and (d) represent the Debtor in any adversary proceeding to recover assets of the bankruptcy estate. The firm will be paid at these rates: Attorneys $500 per hour Paralegals $200 per hour The firm received a pre-petition retainer in the amount of $25,000. Mr. Tang disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kevin Tang, Esq. Tang & Associates 17011 Beach Blvd., Suite 900 Huntington Beach, CA 92647 Tel: (714) 594-7022 Fax: (714) 421-4439 Email: kevin@tang-associates.com About LA Geothermal Energy Corp. LA Geothermal Energy Corp. provides industrial management consulting services with a focus on restoring value to distressed real estate properties in the United States. LA Geothermal Energy Corp. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Fla. Case No. 26-10518) on January 21, 2026, listing $144,556 in assets and $1,369,633 in liabilities. The petition was signed by Cornelius Rogers as managing member. Judge Deborah J Saltzman presides over the case. Kevin Tang, Esq. at TANG & ASSOCIATES represents the Debtor as counsel. LEGACY WORLDWIDE: Case Summary & 11 Unsecured Creditors ------------------------------------------------------- Debtor: Legacy Worldwide, LLC d/b/a David Media, LLC 3176 Main St. Suite 400-113 Duluth GA 30097 Business Description: Legacy Worldwide, LLC is a Georgia-registered limited liability company headquartered in Duluth, operating in the advertising and media services industry. The company provides media buying, video production, television production, web design, digital marketing, and branding services to ministries, nonprofit organizations, and other clients. It serves clients across traditional and digital media platforms. Chapter 11 Petition Date: March 1, 2026 Court: United States Bankruptcy Court Northern District of Georgia Case No.: 26-52753 Debtor's Counsel: Will Geer, Esq. ROUNTREE, LEITMAN, KLEIN & GEER, LLC 2987 Clairmont Road Suite 350 Atlanta GA 30329 Tel: 404-584-1238 E-mail: wgeer@rlkglaw.com Estimated Assets: $100,000 to $500,000 Estimated Liabilities: $1 million to $10 million The petition was signed by Damon Davis as CEO. A full-text copy of the petition, which includes a list of the Debtor's 11 unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/TBUGT6Y/Legacy_Worldwide_LLC__ganbke-26-52753__0001.0.pdf?mcid=tGE4TAMA LILA KATE: Starts Chapter 11 Bankruptcy in Alabama -------------------------------------------------- On February 27, 2026, Lila Kate Trucking, LLC, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Middle District of Alabama. According to court filing, the Debtor reports between $1 million and $10 million in debt owed to 1–49 creditors. About Lila Kate Trucking, LLC Lila Kate Trucking, LLC is an Alabama-based trucking and logistics company that provides freight transport, delivery services, and supply chain support to commercial clients. Lila Kate Trucking, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-80264) on February 27, 2026. In its petition, the Debtor reports estimated assets in the range of $1 million to $10 million and estimated liabilities in the range of $1 million to $10 million. Honorable Bankruptcy Judge Christopher L. Hawkins handles the case. The Debtor is represented by Paul D. Esco, Esq., of Attorney At Law, LLC. LILA KATE: Voluntary Chapter 11 Case Summary -------------------------------------------- Debtor: Lila Kate Trucking, LLC 3395 County Road 61 Roanoke, AL 36274 Case No.: 26-80264 Business Description: Lila Kate Trucking LLC, based in Roanoke, Alabama, provides freight transportation across the U.S. using a fleet of Peterbilt, Freightliner, and International trucks. The company offers over-the-road and dedicated route services for businesses, focusing on reliable delivery, driver training, and compliance with industry safety standards. It emphasizes operational efficiency and safety through modern equipment and professional driver support. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Middle District of Alabama Judge: Hon. Christopher L Hawkins Debtor's Counsel: Paul D. Esco, Esq. PAUL D. ESCO, ATTORNEY AT LAW, LLC 2800 Zelda Road 200-7 Montgomery AL 36106 Tel: (334) 832-9100 Email: paul.esco@aol.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Matthew Brown as managing member. 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/OZIV2LY/Lila_Kate_Trucking_LLC__almbke-26-80264__0001.0.pdf?mcid=tGE4TAMA LONG ISLAND: Seeks to Hire BFSNG Law Group as Bankruptcy Counsel ---------------------------------------------------------------- Long Island Artisan Wine & Spirit Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to employ BFSNG Law Group, LLP to handle its Chapter 11 case. The firm will be paid at these hourly rates: Robert L. Pryor, Partner $725 Gary C. Fischoff, Partner $685 Heath S. Berger, Partner $585 Mark E. Cohen, Of Counsel $550 Dawn Traina, Paralegal $210 Angelique Filardi, Paralegal $210 In addition, the firm will seek reimbursement for expenses incurred. Prior to the petition date, the Debtor paid a retainer of $20,000 plus $1,738 filing fee in this matter. Mr. Berger disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Heath S. Berger, Esq. BFSNG Law Group, LLP 6901 Jericho Turnpike, Suite 230 Syosset, NY 11791 Telephone: (516) 747-1136 About Long Island Artisan Wine & Spirit Inc. Long Island Artisan Wine & Spirit Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70645) on Feb. 13, 2026, listing up to $1 million in assets and up to $50,000 in liabilities. Judge Sheryl P. Giugliano oversees the case. The Debtor is represented by Heath S. Berger, Esq., at BFSNG Law Group, LLP. LUMINAR TECHNOLOGIES: April 1 Plan Confirmation Hearing Set ----------------------------------------------------------- IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION In re: LUMINAR TECHNOLOGIES, INC., et al., Debtors. Chapter 11 Case No. 25-90807 (CML) (Jointly Administered) NOTICE OF (I) APPROVAL OF (A) DISCLOSURE STATEMENT, (B) SOLICITATION AND VOTING PROCEDURES, AND (C) NOTICE PROCEDURES FOR THE ASSUMPTION OR REJECTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES; (II) CONFIRMATION HEARING; AND (III) ESTABLISHMENT OF NOTICE AND OBJECTION PROCEDURES FOR CONFIRMATION OF PLAN 1. Approval of Disclosure Statement. On February 18, 2026, the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") held a hearing (the "Conditional Disclosure Statement Hearing") at which it approved the Disclosure Statement for Third Amended Chapter 11 Plan of Liquidation of Luminar Technologies, Inc. and Its Affiliated Debtors, filed on February 18, 2026 (including any exhibits and schedules thereto and as may be modified, amended, or supplemented, the "Disclosure Statement") of Luminar Technologies, Inc. and its affiliated debtors in the chapter 11 cases (collectively, the "Debtors"), and thereafter entered an order (the "Disclosure Statement Order") with respect thereto. The Disclosure Statement Order, among other things, authorizes the Debtors to solicit votes to accept the Third Amended Chapter 11 Plan of Liquidation of Luminar Technologies, Inc. and Its Affiliated Debtors, filed on February 18, 2026 (including any exhibits and schedules thereto and as may be modified, amended, or supplemented, the "Plan"). 2. Confirmation Hearing. A hearing to consider confirmation of the Plan (the "Confirmation Hearing") has been scheduled for April 1, 2026 at 9:30 a.m. (Central Time), before the Honorable Christopher M. Lopez, United States Bankruptcy Judge, in the Bankruptcy Court. The Confirmation Hearing may be adjourned or continued from time to time by the Bankruptcy Court or the Debtors, without further notice other than by a Bankruptcy Court announcement providing for such adjournment or continuation on its agenda. The Plan may be modified, if necessary, prior to, during, or as a result of the Confirmation Hearing. 3. Voting Record Date. Holders of Claims in Class 3 (First Lien Noteholder Secured Claims), Class 4 (Second Lien Noteholder Secured Claims), and Class 5 (General Unsecured Claims) who are otherwise eligible to vote shall be entitled to vote to accept or reject the Plan as of February 18, 2026 (the "Voting Record Date"). 4. Voting Deadline. If you received a Solicitation Package, including a Ballot, and intend to vote on the Plan, you must: (i) follow the instructions carefully; (ii) complete all of the required information on the Ballot; and (iii) execute and return your completed Ballot according to and as set forth in detail in the voting instructions on your Ballot so that it is actually received by the Debtors' solicitation and voting agent, Omni Agent Solutions, Inc. ("Omni" or the "Voting Agent") on or before March 23, 2026 at 4:00 p.m. (Central Time) (the "Voting Deadline"). ANY FAILURE TO FOLLOW THE VOTING INSTRUCTIONS INCLUDED WITH YOUR BALLOT MAY DISQUALIFY YOUR BALLOT AND YOUR VOTE. 5. Parties in Interest Not Entitled to Vote. Holders of Claims or Interests in Class 1 (Other Priority Claims), Class 2 (Other Secured Claims), Class 6 (Intercompany Claims), Class 7 (Intercompany Interests), Class 8 (Subordinated Claims), and Class 9 (Parent Interests) are not entitled to vote on the Plan and will not receive a Ballot. If any Holder seeks to challenge the Allowed amount of its Claim for voting purposes, such creditor must file with the Court a motion for an order pursuant to Bankruptcy Rule 3018(a) temporarily allowing such Claim for voting purposes in a different amount (a "Rule 3018(a) Motion"). Any Rule 3018(a) Motion must be filed with the Court not later than 4:00 p.m. (Central Time) on March 16, 2026. Upon the filing of any such Rule 3018(a) Motion, such creditor's Ballot shall be counted in accordance with the guidelines provided in the Solicitation and Voting Procedures attached as Exhibit 2 to the Disclosure Statement Order, unless temporarily Allowed in a different amount by an order of the Court entered prior to or concurrent with entry of an order confirming the Plan. 6. Plan Supplement. The Debtors will file and serve any supplement to the Plan on or before March 16, 2026. 7. Objections to Confirmation. The deadline to object or respond to confirmation of the Plan is March 23, 2026 at 4:00 p.m. (Central Time) (the "Plan Objection Deadline"). 8. Form and Manner of Objections to Confirmation. Objections and responses, if any, to confirmation of the Plan must: (i) be in writing; (ii) conform to the Bankruptcy Rules and the Bankruptcy Local Rules, and any order of the Court; (iii) set forth the name of the objecting party and the nature and amount of Claims or Interests held or asserted by the objecting party against the Debtors' estates or property; (iv) provide the basis for the objection and the specific grounds therefor, and, if practicable, a proposed modification to the Plan that would resolve such objection; and (v) be filed with the Bankruptcy Court (with proof of service) via ECF or by mailing to the Bankruptcy Court at United States Bankruptcy Court Clerk's Office, United States Courthouse, 515 Rusk Avenue, Courtroom 402, 4th Floor, Houston, Texas 77002, so as to be actually received no later than the Plan Objection Deadline. 9. IF AN OBJECTION TO CONFIRMATION OF THE PLAN IS NOT FILED AND SERVED STRICTLY AS PRESCRIBED HEREIN, THEN THE OBJECTING PARTY MAY BE BARRED FROM OBJECTING TO CONFIRMATION OF THE PLAN AND MAY NOT BE HEARD AT THE CONFIRMATION HEARING. 10. Additional Information. Any party in interest wishing to obtain information about the solicitation procedures or copies of the Disclosure Statement, the Plan, or other solicitation materials should contact Omni through (i) e-mail at LuminarInquiries@OmniAgnt.com, (ii) by writing to Luminar Technologies, Inc., Ballot Processing, c/o Omni Agent Solutions, Inc., 5955 De Soto Avenue, Suite 100 Woodland Hills, California 91367, or (iii) via telephone at (888) 901-3403 (Toll-Free Number within the U.S./Canada) or +1 (747) 293-0190 (International). Interested parties may also review the Disclosure Statement and the Plan free of charge at https://omniagentsolutions.com/Luminar. In addition, the Disclosure Statement and Plan are on file with the Bankruptcy Court and may be reviewed for a fee by accessing the Bankruptcy Court's website: https://www.txs.uscourts.gov/page/bankruptcycourt. Note that a PACER password and login are needed to access documents on the Bankruptcy Court's website. A PACER password can be obtained at: https://pacer.uscourts.gov/. NOTICE REGARDING CERTAIN RELEASE, EXCULPATION, AND INJUNCTION PROVISIONS IN PLAN If you (i)(a) are solicited to vote to accept or reject the Plan, but do not vote to either accept or reject the Plan, and do not opt out of granting the releases set forth in the Plan, (b) vote to accept or reject the Plan, are deemed to reject the Plan, or are presumed to accept the Plan but do not opt out of granting the releases set forth in the Plan, or (ii) were given notice of the opportunity to opt out of granting the releases contained in the Plan but do not opt out of granting the releases set forth in the Plan, in each case, you shall be deemed to have consented to the releases contained in Section 11.6(b) of the Plan. Holders of Claims and Interests that timely, properly, and affirmatively elect to opt out will not be deemed a Releasing Party (or, by extension, a Released Party). Notice of Assumption and Rejection of Executory Contracts and Unexpired Leases of Debtors and Related Procedures Please take notice that, in accordance with Article IX of the Plan and sections 365 and 1123 of the Bankruptcy Code, as of and subject to the occurrence of the Effective Date and the payment of any applicable Cure Amount, and subject to Sections 9.1 and 9.2 of the Plan, all Executory Contracts and Unexpired Leases (including, but not limited to, those giving rise to D&O Indemnification Obligations) to which any of the Debtors are parties shall be deemed rejected, unless such contract or lease (i) was previously assumed or rejected by the Debtors, pursuant to Final Order of the Bankruptcy Court, (ii) previously expired or terminated pursuant to its own terms or by agreement of the parties thereto, (iii) is the subject of a motion to assume Filed by the Debtors on or before the Confirmation Date, (iv) is specifically designated as a contract or lease to be assumed by the Debtors on the Schedule of Assumed Contracts, (v) is the subject of a pending Assumption Dispute, or (vi) is a D&O Policy or other insurance policy to which any Debtor or the Liquidation Trustee is a beneficiary or an insured. Section 9.3 of the Plan provides that, unless otherwise provided by an order of the Bankruptcy Court, Proofs of Claim with respect to Claims arising from the rejection of Executory Contracts or Unexpired Leases, if any, must be Filed with the Bankruptcy Court by the later of thirty (30) calendar days from (i) the date of entry of an order of the Bankruptcy Court approving such rejection, (ii) the effective date of the rejection of such Executory Contract or Unexpired Lease, and (iii) the Effective Date. Any Claims arising from the rejection of an Executory Contract or Unexpired Lease not Filed within such time shall be Disallowed pursuant to the Confirmation Order or such other order of the Bankruptcy Court, as applicable, forever barred from assertion, and shall not be enforceable against, as applicable, the Debtors, their Estates, the Liquidation Trust, the Liquidation Trustee, or property of the foregoing, without the need for any objection by the Debtors or the Liquidation Trustee, as applicable, or further notice to, or action, order, or approval of the Bankruptcy Court or any other Entity, and any Claim arising out of the rejection of the Executory Contract or Unexpired Lease shall be deemed fully satisfied, released, and discharged, notwithstanding anything in the Schedules, if any, or a Proof of Claim to the contrary. Claims arising from the rejection of the Debtors' Executory Contracts or Unexpired Leases shall be classified as General Unsecured Claims and may be objected to in accordance with the provisions of Section 8.2 of the Plan and applicable provisions of the Bankruptcy Code and Bankruptcy Rules. UNLESS AN OBJECTION IS TIMELY SERVED AND FILED IN ACCORDANCE WITH THIS CONFIRMATION HEARING NOTICE, IT MAY NOT BE CONSIDERED BY THE BANKRUPTCY COURT. Second Amended Plan of Liquidation As shared by the Troubled Company Reporter, Luminar Technologies, Inc., and affiliates submitted a Second Amended Disclosure Statement describing Second Amended Plan of Liquidation dated February 17, 2026. The Plan contemplates the distribution of the proceeds from the completed sales of substantially all the Debtors' assets pursuant to section 363 of the Bankruptcy Code to QCi for LSICo and to MicroVision for LiDARCo. and the efficient and orderly wind-down of the Debtors' estates in accordance with the Global Settlement. To implement the provisions of the Plan, including making distributions to holders of Claims and Interests, the Plan contemplates the creation of a Liquidation Trust, as well as the appointment of a Liquidation Trustee the identity of which shall be included in the Plan Supplement. To the extent the Liquidation Trustee generates Excess Cash after the effective date from monetizing the Liquidation Trust Assets, including the receipt of any Surplus Reserved Cash, Surplus Senior Claims Reserve Cash and Surplus Professional Fee Escrow Account, such proceeds shall be allocated pursuant to the Waterfall. The Debtors, the Ad Hoc Noteholder Group, and the Creditors' Committee have engaged in good faith and arm's length negotiations, culminating in the parties' entry into the Global Settlement. The Global Settlement is incorporated into the Plan and provides for the resolution of all disputes, claims, and controversies between the parties, including those related to the Plan and treatment of general unsecured claims, among other issues. The Global Settlement includes, among others, the following material terms and conditions (each as set forth in the Plan): * Holders of General Unsecured Claims (including First Lien Noteholder Deficiency Claims, if any, and Second Lien Noteholder Deficiency Claims) shall receive GUC Liquidation Trust Interests entitling them to their Pro Rata Share of Cash consisting of the GUC Reserve Assets and any proceeds thereof, net of any costs and expenses incurred by the Liquidation Trust (including fees of the Liquidation Trustee and any taxes incurred by the Liquidation Trustee, whether such taxes are incurred directly by the Liquidation Trustee in his or her role as such, or on account of those taxes attributed proportionately to each Holders' share of GUC Liquidation Trust Interests) in connection with the pursuit, abandonment, or liquidation of all GUC Reserve Assets; * GUC Reserve Assets shall include (i) the GUC Residual Amount, if any, (ii) the GUC Reserve Funding Amount of $1,500,000.00, (iii) the Retained Causes of Action belonging to each of the Debtors and the Debtors' Estates and the proceeds thereof (including any D&O Policy proceeds payable to the Estate on account of settlements or judgments from Commercial Tort Claims and other non-released claims and Causes of Action), and (iv) the Unencumbered Assets, and (v) the proceeds of each of the foregoing clauses (i)-(iv); * The appointment of the Liquidation Trustee shall be mutually agreeable between the Ad Hoc Noteholder Group and the Creditors' Committee and reasonably acceptable to the Debtors; the Creditors' Committee shall select each of the three members of the Liquidation Trust Oversight Board; * The sum of the Allowed Professional Fee Claims of the Creditors' Committee Advisors and the Restructuring Fees and Expenses due to the Unsecured Notes Trustee shall be capped at $4.225 million; provided that any amounts up to $200,000 incurred in excess of $4.025 million shall be payable from the first dollars to be distributed as Post Effective Date Available Cash (GUC Reserve Assets); and * The Allowed Professional Fee Claims of the Debtors' Advisors shall not exceed $26.471 million. Class 2 consists of Other Secured Claims. Except to the extent that a Holder of an Allowed Other Secured Claim agrees to less favorable treatment of such Claim, each Holder of an Allowed Other Secured Claim shall receive, at the option of the Debtors or the Liquidation Trustee, as applicable, in full and final satisfaction, settlement, release, and discharge of such Claim, on the Effective Date or as soon as reasonably practicable thereafter: (i) payment in full in Cash in an amount equal to the Allowed amount of such Other Secured Claim; (ii) such other treatment sufficient to render such Holder's Allowed Other Secured Claim Unimpaired pursuant to section 1124 of the Bankruptcy Code; or (iii such other recovery necessary to satisfy section 1129 of the Bankruptcy Code. The amount of claim in this Class total $8.0M. Class 5 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment of such Claim, each such Holder shall receive, in full and final satisfaction, settlement, release, and discharge of such Claim, on the Effective Date or as soon as reasonably practicable thereafter, such Holder's Pro Rata Share of the GUC Liquidation Trust Interests. The allowed unsecured claims total $518.8M. This Class will receive a distribution of 0% to 1% of their allowed claims. The Debtors and Liquidation Trustee, as applicable, shall fund Plan Distributions under the Plan as set forth herein with the (i) Effective Date Available Cash, (ii) Post Effective Date Available Cash (Non-GUC Reserve Assets), (iii) Post Effective Date Available Cash (GUC Reserve Assets), (iv) Excess Cash, (v) Senior Claims Reserve, (vi) First Lien Reserve, (vii) Second Lien Reserve, (viii) GUC Reserve, (ix) Surplus Wind Down Reserve, and (x) Surplus Senior Claims Reserve. A full-text copy of the Second Amended Disclosure Statement dated February 17, 2026 is available at https://urlcurt.com/u?l=BI3ta0 from Omni Agent Solutions, Inc. About Luminar Technologies Luminar Technologies, Inc., is an automotive lidar manufacturer. Luminar Technologies and affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 25-90808) on Dec. 15, 2025. In its petition, Luminar reported estimated assets between $100 million and $500 million and estimated liabilities between $500 million and $1 billion. Luminar is represented by Ronit J. Berkovich, Esq., and Stephanie Nicole Morrison, Esq., at Weil, Gotshal & Manges LLP. The Company engaged Jefferies LLC, as investment banking advisers, and Portage Point Partners, LLC's Triple P TRS, LLC as restructuring advisor and to provide interim management services for the Company. Omni Agent Solutions, Inc. serves as the claims and noticing agent. Quantum Computing Inc., the proposed buyer for the Debtors' assets, is represented by Wilson Sonsini Goodrich & Rosati Professional Corporation. Ropes & Gray, LLP, serves as legal advisors and Ducera Partners LLC, acts as investment banker for the holders of Floating Rate Senior Secured Notes due 2028; 9.0% Convertible Second Lien Senior Secured Notes due 2030 -- Series 1 Notes -- and 11.5% Convertible Second Lien Senior Secured Notes due 2030 -- Series 2 Notes. GLAS Trust Company LLC, serves as Trustee and Collateral Agent for both the 1L and 2L Notes. LURIN REAL: Case Summary & 20 Largest Unsecured Creditors --------------------------------------------------------- Debtor: Lurin Real Estate Holdings XXI, LLC d/b/a Latitude 2976 Apartments 2101 Cedar Springs, Suite 1050 Dallas, TX 75201 Business Description: LURIN is a real estate redevelopment and investment company based in Dallas, Texas, focused on acquiring and enhancing underperforming workforce and greyforce multifamily housing assets in Florida, Texas, Alabama, Arkansas, and Louisiana. The company owns and manages properties including its principal asset, Latitude 2976 Apartments in Houston, Texas, and targets garden-style, mid-rise, and Build-to-Rent developments with 100 or more units, investing in single assets, portfolios, and operating platforms with equity ranging from $10 million to over $300 million. LURIN's operations encompass acquisitions, asset management, construction, renovations, refinancing, and technology solutions to improve asset performance and deliver returns for investors. Chapter 11 Petition Date: March 2, 2026 Court: United States Bankruptcy Court Southern District of Texas Case No.: 26-90344 Judge: Hon. Alfredo R Perez Debtor's Counsel: Joshua W. Wolfshohl, Esq. PORTER HEDGES LLP 1000 Main Street, 36th Floor Houston, TX 77002 Tel: (713) 226-6000 Email: jwolfshohl@porterhedges.com Estimated Assets: $50 million to $100 million Estimated Liabilities: $50 million to $100 million The petition was signed by Mark Shapiro as chief restructuring officer. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BCDNITI/Lurin_Real_Estate_Holdings_XXI__txsbke-26-90344__0001.0.pdf?mcid=tGE4TAMA List of Debtor's 20 Largest Unsecured Creditors: Entity Nature of Claim Claim Amount 1. Ajiaj Insurance Company, LLC Trade Debt $218,780 1331 S Jupter Rd Garland, TX 75042 2. Chadwell Supply, Inc. Trade Debt $20,717 P.O. Box 105172 Atlanta, GA 30348 3. Colorstar Painting Trade Debt $126,439 23631 Starbridge Lake Ln Richmond, TX 77407 Tel: 832-755-4855 4. Conservice, LLC Trade Debt $27,443 Po Box 4697 Logan, UT 84323 5. EHL Construction And Painting Trade Debt $28,795 Corp. 1860 FM 359 #248 Richmond, TX 77406 6. Forward Building Trade Debt $75,566 Products, LLC 1331 S Jupter Rd Garland, TX 75042 7. Green Days Lawn Care Trade Debt $38,722 9419 Roos Rd, Houston, TX Houston, TX 77036 Tel: 832-788-4859 8. Impact Floors Of Trade Debt $85,249 Texas LP 2325 E. Beltline Road, Ste. 200 Carrollton, TX 75006 9. Nationwide Compliant, LLC Trade Debt $16,790 P.O. Box 844569 Boston, Ma 02284 10. Onestop Renovation LLC Trade Debt $89,443 8527 Brinklow Point Dr. Cypress, TX 77433 Tel: 832-398-9398 11. Proenergy Trade Debt $29,806 Po Box 644007 Dallas, TX 75264 12. Queen Luxe Construction Trade Debt $36,572 3831 Cyril Dr. Humble, TX 77396 Tel: 832-614-4127 13. Real Floors, Inc. Trade Debt $77,391 560 Webb Industrial Drive Marietta, GA 30062 Tel: 770-590-7334 14. Redi Carpet Trade Debt $25,850 P.O. Box 971442 Dallas, TX 75397 Tel: 832-755-4011 15. Rent Ready, LLC Trade Debt $74,834 Po Box 896594 Charlotte, NC 28289 16. South Texas Plumbing Trade Debt $167,093 P.O. Box 840695 Houston, TX 77284 Tel: 512-999-8692 17. Southland Property Tax Professional $31,455 Consultants, Inc. Services 201 Main Street, Suite 1460 Fort Worth, TX 76102 Tel: 817-335-7377 18. Tex-Plus General Trade Debt $20,900 Remodeling Services 14823 Tilley St Houston, TX 77084 Tel: 888-341-2423 19. TXU Energy Trade Debt $30,432 Po Box 650638 Dallas, TX 75265 20. Waste Management Wm Corporate Trade Debt $39,444 Services, Inc. Po Box 660345 Dallas, TX 75266 Tel: (800) 800-5804 LUTHERAN HOME: Court Confirms Fourth Amended Reorganization Plan ---------------------------------------------------------------- The Hon. Michael B. Slade of the U.S. Bankruptcy Court for the Northern District of Illinois confirmed the Fourth Amended Plan of Reorganization of Lutheran Home and Services for the Aged, Inc. The Plan is overwhelmingly consensual: it was originally designed jointly by the Debtors and their bondholders and was amended, prior to solicitation, to incorporate two settlements, one with their other secured lender, Mission Investment Fund and one with the Official Committee of Unsecured Creditors. The Plan was then widely solicited and unanimously approved by voting creditors. No economic stakeholder objects to confirmation. United States Trustee's Objections Article III.A of the Plan, titled "Deemed Substantive Consolidation," provides that the Plan serves as a motion seeking deemed substantive consolidation of the eight Debtors' Estates into two estates -- one for the six entities that are obligors under the prepetition bonds and one for the two entities that are not obligors -- for "certain limited purposes," namely soliciting votes and calculating and making distributions under the Plan. The UST objects to this provision, arguing that substantive consolidation is an extraordinary remedy that could hypothetically harm innocent creditors and contending that it does not appear to be necessary in this case as the existing corporate structure will remain intact postemergence. The Exculpation clause of the Plan (Art. VIII.D) addresses hypothetical claims for postpetition acts or omissions -- those claims related to the creation, confirmation, implementation, and consummation of the Plan, the Chapter 11 filing, the administration of the Chapter 11 cases, and the restructuring (the "Exculpated Acts") -- against the following (the "Exculpated Parties"). Pursuant to this provision, no claim related to Exculpated Acts exists against any Exculpated Party unless the claimant can demonstrate gross negligence or willful misconduct. The UST argues that this provision is impermissible because it is broader than the exculpation granted by 11 U.S.C. Sec. 1125(e) (which makes clear that parties who facilitate a plan that provides new securities cannot be sued for doing so). The Estate Releases (Plan, Art. VIII.E) provide for the Estates to release certain parties from certain claims related to the Debtors that arose prior to the effective date. The UST claims these Estate Releases are overbroad because the Released Parties are not limited to those with an "identity of interest" with the Debtors and because it includes unnamed Released Parties, making it, in the UST's view, "unclear and unknown who is being released." The UST's primary argument is that the Plan's Third-Party Releases (the "TPR") are nonconsensual and thus, he contends, the Plan is unconfirmable. The UST objected at the time of the hearing on preliminary approval of the Disclosure Statement to the way the TPR were described in it and in the Plan, arguing that it violated the Bankruptcy Rules. According to the Court, the trial evidence on the releases was credible and undisputed: the Plan's releases are critical, integral, and necessary parts of the package deal reflected in the Plan's collective settlements. And the Committee, as fiduciary for all unsecured creditors, confirmed both the importance of the releases to the deal and the reality that the releases are fair to creditors, too. Judge Slade concludes, "I find, that the Estate Releases, TPR, and Exculpation were and are necessary and essential to the compromises effectuated through the Plan. The injunction is part of the deal; it is necessary and appropriate to implement, preserve, and enforce the discharge, as well as the releases and exculpations in the Plan, and is narrowly tailored to achieve this purpose. Just as the rest of the injunction serves as a procedural mechanism to enforce the releases, the gatekeeping provision is the process established by the Plan to enforce the injunction." The Disclosure Statement is approved. The remaining objections of the Office of the United States Trustee are overruled. As shared by the Troubled Company Reporter, Lutheran Home and Services for the Aged, Inc., and affiliates submitted a Second Amended Disclosure Statement describing Second Amended Joint Plan of Reorganization dated January 14, 2026. The Debtors believe that the approval and implementation of the Plan is in the best interests of the Debtors' Estates and all interested parties. Class 7A consists of General Unsecured Claims against the Obligated Group Debtors. The allowed unsecured claims total $2,815,775. This Class will receive a distribution of 30% to 41% of their allowed claims. Class 7A is Impaired and entitled to vote on the Plan. This Class consists of all General Unsecured Claims against Obligated Group Debtors. Each Holder of a Class 7A claim shall receive its Pro Rata share of the General Unsecured Trust Interests to be distributed upon the terms and in accordance with the Unsecured Creditor Trust Agreement. Class 7B consists of General Unsecured Claims against the Non-Obligated Group Debtors. The allowed unsecured claims total $32,425. This Class will receive a distribution of 100% of their allowed claims. Class 7B is Unimpaired and not entitled to vote on the Plan. This Class consists of all General Unsecured Claims against Non-Obligated Group Debtors. On the Effective Date (or as soon thereafter as practicable), each Holder of a Class 7B claim shall receive payment in Cash in the amount of its Allowed General Unsecured Claim Against Non-Obligated Group Debtors. The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under the Plan with Cash on hand, and such funds released from the Entrance Fee Escrow pursuant to the Plan. With respect to the Entrance Fee Escrow, and as more fully described in Article 4.1(e)(ii), prior to and during these Chapter 11 Cases, new prospective Residents were permitted to pay an Option Deposit into the Escrow Account pursuant to an Option Agreement. The funds held by the Escrow Agent are not property of the Debtors and each Resident that is a party to the Option Agreement (an Option Agreement Party) has the opportunity to seek the return of their funds prior to the occurrence of a Termination Event. On the Effective Date, and contemporaneously with the execution of the Series 2026 Bonds, LLCF shall enter into a liquidity support agreement providing for, among other customary terms, a funded liquidity support facility for the benefit of the Lutheran Life Obligated Group in the amount of $2,000,000. LLCF will further commit to invest additional resources, as deemed necessary by the board of the LLCF, to support the growth initiatives of the Obligated Group Debtors, including, without limitation, development of cottages at certain of the Communities. For the avoidance of doubt, none of the assets of the LLCF, including any and all investment accounts, shall be collateral securing the Series 2026 Bonds. Upon the Effective Date, the Unsecured Creditor Trust will be formed, into which the Unsecured Creditor Trust Assets shall be transferred. For the avoidance of doubt, any claims the Debtors may have against Master Trustee, ONB, or any holder of the Series 2019 Bonds will be released and will not be included among the Retained Causes of Action that are transferred to the Unsecured Creditor Trust. For the further avoidance of doubt, as of the date hereof, the Debtors are unaware of any such claims against the Master Trustee, ONB, or any holders of the Series 2019 Bonds. A full-text copy of the Second Amended Disclosure Statement dated January 14, 2026 is available at https://urlcurt.com/u?l=SesdGN from Stretto, the claims agent. A copy of the Court's Memorandum Opinion dated March 4, 2026, is available at https://urlcurt.com/u?l=IQlt59 from PacerMonitor.com. About Lutheran Home and Services for the Aged Lutheran Home and Services for the Aged, Inc., is a non-profit, mission-driven community offering a range of services including assisted living, memory care, skilled nursing, and short-term rehabilitation, along with extensive outpatient rehabilitation therapy. Lutheran Home and its affiliates filed Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 25-01705). At the time of the filing, Lutheran Home reported between $100 million and $500 million in both assets and liabilities. The Debtors tapped Squire Patton Boggs (US), LLP as bankruptcy counsel; McDonald Hopkins, LLC as Illinois counsel; and one point Partners, LLC, as financial advisor. Stretto is the claims, noticing, solicitation, balloting, and tabulation agent. M&B SERVICES: Seeks to Tap Haberbush as General Bankruptcy Counsel ------------------------------------------------------------------ M&B Services, Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Haberbush, LLP as counsel. The firm will render these services: (a) advise, consult, prosecute for and defend the Debtor concerning issues arising in regard to the conduct of the estate; its rights and remedies with regard to the estate's assets; and the claims of secured, priority and unsecured creditors; (b) appear for and represent the Debtor's interest in obtaining Court approvals for the hiring of professionals, and assist and advise regarding the liquidation of the property of the estate; (c) investigate and prosecute, if appropriate, preference, fraudulent transfer, and other actions arising under the Debtor's avoiding powers, should such causes of action exist; (d) assist in the preparation of such pleadings, applications and orders as are required for the orderly administration of this estate; (e) advise, consult and represent the Debtor in such legal actions as are necessary concerning the use and disposition of property of the estate; (f) advise and consult with the Debtor, prosecute for it, and defend it concerning claims made against the estate or claims made by the estate; (g) advise, consult and prosecute the approval of a plan of reorganization; and (h) advise,consult and assist the Debtor with the Guidelines of the United States Trustee, the Local Bankruptcy Rules of this Court, Title 11 of the United States Code, and the Federal Rules of Bankruptcy Procedure. The firm will be paid at these hourly rates: David Haberbush, Attorney $625 Richard Brownstein, Attorney $625 Vanessa Haberbush, Attorney $450 Lane Bogard, Attorney $400 Alexander Haberbush, Attorney $300 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $43,843.76 from the Debtor. Mr. Haberbush disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: David R. Haberbush, Esq. Haberbush, LLP 444 West Ocean Boulevard, Suite 1400 Long Beach, CA 90802 Telephone: (562) 435-3456 Facsimile: (562) 435-6335 Email: vhaberbush@lbinsolvency.com About M&B Services Inc. M&B Services, Inc. is a Southern California plumbing company in Oxnard, California. M&B Services sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10164) on February 6, 2026. In the petition signed by Martin Alvarez, owner, the Debtor disclosed up to $500,000 in assets and up to $10 million in liabilities. Judge Ronald A. Clifford, III oversees the case. David R. Haberbush, Esq., at Haberbush, LLP represents the Debtor as counsel. MARE ISLAND: Hires Binder Malter Harris & Rome-Banks as Counsel --------------------------------------------------------------- Mare Island Dry Dock, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to employ Binder Malter Harris & Rome-Banks LLP as counsel. The firm will provide these services: (a) advise the Debtor of its duties and powers; (b) assist with administration of the estate; (c) investigate and mashall assets of the estate; (d) prepare and prosecute requests for necessary relief; (e) develop a plan of reorganization; (f) object to claims; and (g) other appurtenant tasks. The firm will be paid at these hourly rates: Robert Harris, Attorney $725 Julie Rome-Banks, Attorney $725 Reno Fernandez, Attorney $625 Nathan Quach, Attorney $450 Paralegals & Law Clerks $250 - $375 In addition, the firm will seek reimbursement for expenses incurred. On the petition date, the firm held total retainers of $153,251.83 from the Debtor. Ms. Rome-Banks disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Julie H. Rome-Banks, Esq. Binder Malter Harris & Rome-Banks LLP 490 Chadbourne Road, Suite A137 Fairfield, CA 94534 Telephone: (408) 295-1700 Email: julie@bindermalter.com About Mare Island Dry Dock LLC Mare Island Dry Dock, LLC operates as a maritime services company providing ship repair, maintenance, and dry dock services. The company supports commercial and industrial marine vessels through repair, refurbishment, and related waterfront operations. Mare Island Dry Dock, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-20777) on February 14, 2026. In its petition, the Debtor disclosed up to $50 million in both assets and liabilities. Honorable Bankruptcy Judge Christopher D. Jaime handles the case. Julie H. Rome-Banks, Esq., at Binder Malter Harris & Rome-Banks LLP serves as the Debtor's counsel. MARQUIS STAR: Seeks Approval to Tap BGV Law as Special Counsel -------------------------------------------------------------- Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ BGV Law PLLC as special counsel. The firm will provide limited, non-bankruptcy corporate and transactional legal services customarily performed by outside corporate counsel to an operating business enterprise. The firm will be paid at these hourly rates: Ramsey Villalon, Esq., Partner $425 Other Partners $425 Associates $325 Paralegals/Clerks $100 In addition, the firm will seek reimbursement for expenses incurred. Mr. Villalon disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ramsey Villalon, Esq. BGV Law PLLC 814 Ponce de Leon, Suite 210 Miami, FL 33134 Telephone: (305) 340-5959 About Marquis Star Holding Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10660 and 26-10661, respectively) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the Company's chief operating officer. The Debtors tapped Linda Leali, PA as bankruptcy counsel; BGV Law PLLC as special counsel; and the Hoffman Eells Group CPAs, PC as accountant. MARQUIS STAR: Seeks to Tap Hoffman Eells Group CPAs as Accountant ----------------------------------------------------------------- Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. seek approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ The Hoffman Eells Group CPAs, PC as accountant. The firm will render these services: (a) record depreciation and propose year-end adjusting journal entries; (b) prepare compiled financial statements for the fiscal year ended October 31, 2025; (c) prepare Federal, Florida, and Wisconsin corporate income tax returns for the fiscal year ended October 31, 2025; and (d) prepare related bookkeeping entries necessary in connection with tax return preparation. The Debtors estimate that fees incurred by the accountant for services provided to each Debtor will not exceed $25,000. Kristina Bennett, CPA, a partner at The Hoffman Eells Group CPAs, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Kristina Bennett, CPA The Hoffman Eells Group CPAs, PC 134 Boynton Avenue Plattsburgh, NY 12901 Telephone: (518) 483-1630 About Marquis Star Holding Inc. Marquis Star Holding, Inc. is a Florida corporation that operates as a real estate holding company, owning multiple properties including a condominium in Florida and manufacturing facilities in Wisconsin, while Marquis Solar Frame Works, Inc. is a Wisconsin corporation engaged in the fabrication and supply of aluminum solar panel frames, operating manufacturing facilities in Wisconsin and Canada, including facilities owned by Marquis Star Holding, Inc. Marquis Star Holding, Inc. and Marquis Solar Frame Works, Inc. filed their petitions for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10660 and 26-10661, respectively) on January 20, 2026. Marquis Star listed $10 million to $50 million in assets and $1 million to $10 million in liabilities, while Marquis Solar listed $10 million to $50 million in assets and $1 million to $50 million in liabilities Marquis Star Holding's petition was signed by its president, Michelle Chiever, while the petition for Marquis Solar Frame was signed by Jun Niu, the Company's chief operating officer. The Debtors tapped Linda Leali, PA as bankruptcy counsel; BGV Law PLLC as special counsel; and the Hoffman Eells Group CPAs, PC as accountant. MATERIAL HOLDINGS: Carlyle Secured Marks $14.5MM 1L Loan at 23% Off ------------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $14,582,000 loan extended to Material Holdings, LLC to market at $11,245,000 or 77% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Material Holdings, LLC. The Loan accrues interest at a rate of S9.67% per annum. The Loan matures on Aug. 19, 2027. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Material Holdings, LLC Material Holdings, LLC is a business services company providing outsourced and specialized support solutions to corporate clients. MDH PELICANS: Seeks Chapter 7 Bankruptcy in Alaska -------------------------------------------------- On February 23, 2026, MDH Pelicans Snoballs LLC filed for Chapter 7 protection in the U.S. Bankruptcy Court for the District of Alaska. According to court filing, the Debtor reports between $0 and $100,000 in debt owed to 1–49 creditors. About MDH Pelicans Snoballs LLC MDH Pelicans Snoballs LLC is an Alaska-based food and beverage business specializing in shaved ice desserts and seasonal snack offerings, serving local customers through retail operations. MDH Pelicans Snoballs LLC sought relief under Chapter 7 of the U.S. Bankruptcy Code (Bankr. Case No. 26-00044) on February 23, 2026. In its petition, the Debtor reports estimated assets between $0 and $100,000 and estimated liabilities between $0 and $100,000. Honorable Bankruptcy Judge Gary Spraker handles the case. The Debtor is represented by Elisha Ononye, Esq. of Law Offices of Blake Fulton Quackenbush. ME DEVELOPMENT: Case Summary & One Unsecured Creditor ----------------------------------------------------- Debtor: ME Development Company, LLC 5618 Berkshire Dr. Los Angeles, CA 90032 Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-11888 Debtor's Counsel: Giovanni Orantes, Esq. THE ORANTES LAW FIRM, A.P.C. 3435 Wilshire Blvd., 27th Floor Los Angeles, CA 90010 Tel: (888) 619-8222 Fax: (877) 789-5776 E-mail: go@gobklaw.com Estimated Assets: $1 million to $10 million Estimated Liabilities: $1 million to $10 million The petition was signed by Moctesuma Esparza as manager. The Debtor identified Norwalk Town Square Management, Inc., addressed to the President or corporate officer at 850 Loma Vista Drive, Beverly Hills, CA 90210, as its only unsecured creditor, reflecting a $5 million obligation to the landlord. A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/4KMBORA/ME_Development_Company_LLC__cacbke-26-11888__0001.0.pdf?mcid=tGE4TAMA MOOCHO INC: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 21, until further notice, will not appoint an official committee of unsecured creditors in the Chapter 11 case of Moocho, Inc., according to court dockets. About Moocho Inc. Moocho Inc. offers a mobile app (both Moocho and Pepper) that allows users to make payments at various on-campus and off-campus merchants using their smartphones. Moocho sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-10911) on January 26, 2026. In its petition, the Debtor reported assets of between $1 million and $10 million and liabilities of up to $50,000. Judge Corali Lopez-Castro oversees the case. The Debtor is represented by Thomas G. Zeichman, Esq. MTF HOLDINGS: Gets OK to Maintain Pre-petition Bank Accounts ------------------------------------------------------------ The Hon. Patricia M. Mayer of the U.S. Bankruptcy Court for the Eastern District of Pennsylvania granted MTF Holdings, LLC's motion for entry of an order pursuant to 11 U.S.C. Secs. 105 and 345(b): (i) authorizing the Debtor to maintain a pre-petition bank accounts for inbound deposits; and (ii) waiving certain bank account and related requirements of the Office of the United States Trustee for the Eastern District of Pennsylvania. The motion is granted on an interim basis. A copy of the Court's Order dated February 26, 2026, is available at https://urlcurt.com/u?l=xyPcvj About MTF Holdings MTF Holdings, LLC is a privately held investment holding company that manages strategic investments across real estate, corporate equity, and alternative asset classes. The company is based in Lancaster, Pa., and engages in allocating capital and providing oversight to its portfolio businesses. MTF Holdings and five affiliates sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Lead Case No. 26-10236) on January 21, 2026. At the time of the filing, MTF Holdings listed between $500,001 and $1 million in assets and between $1 million and $10 million in liabilities. Judge Patricia M. Mayer oversees the cases. The Debtors are represented by: Albert Anthony Ciardi, III, Esq. Ciardi Ciardi & Astin 1905 Spruce Street Philadelphia, PA 19103 Tel: 215-557-3550 aciardi@ciardilaw.com MULTI-COLOR CORP: Creditors Say Lien Challenge Is Waste of Time --------------------------------------------------------------- Rick Archer of Law360 reports that in the Chapter 11 case of Multi-Color Corp., Barclays Bank is seeking a ruling from a New Jersey bankruptcy judge to dismiss an adversary complaint that challenges the validity of certain liens on the debtor's assets. Barclays said in its motion that such litigation is unnecessary given that Multi-Color's restructuring plan is poised to be filed with the court by month's end, and that the plan will comprehensively address secured claims. According to Barclays, permitting the lien challenge to proceed in advance of the plan would needlessly complicate and delay the Chapter 11 process. The bank argued that confirmation briefing and hearings on the debtor's plan should render separate adjudication of the lien issues redundant, as the plan will set out treatment of secured lenders’ interests. Creditors opposing Barclays' motion maintain that the lien challenge involves issues that should be adjudicated on their own merits, rather than being subsumed within the plan confirmation process. The bankruptcy judge will weigh whether dismissing the adversary proceeding at this stage is appropriate in light of the approaching plan filing and the interests of judicial economy, the report states. About Multi-Color Corp. Multi-Color Corporation (MCC) provides prime label solutions to some of the world's most recognizable brands across a broad range of consumer-oriented end categories. Founded in 1916 and now headquartered in Atlanta, Georgia, the Company operates more than 90 facilities across over 25 countries, including 39 in North America, and employs approximately 12,800 people worldwide. Multi-Color Corp. and its affiliates sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10910) on January 29, 2026. In its petition, MCC listed assets between $1 billion and $10 billion and liabilities of $5.9 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. Kirkland & Ellis LLP and Cole Schotz P.C. are serving as legal counsel, Evercore is serving as investment banker, AlixPartners is serving as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP is serving as special counsel to the Special Committee of LABL, Inc.â€™s Board of Directors, and FGS Global is serving as strategic communications advisor to the Company. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the claims agent. Debevoise & Plimpton LLP and Latham & Watkins LLP are serving as legal counsel to CD&R and Moelis & Company LLC is serving as financial advisor. Milbank LLP and PJT Partners serve as legal counsel and financial advisor, respectively, to the ad hoc group of secured creditors. NCR ATLEOS: S&P Places 'B+' ICR on CreditWatch Positive ------------------------------------------------------- S&P Global Ratings placed all its ratings on NCR Atleos Corp., including the 'B+' issuer rating, on CreditWatch with positive implications. S&P said, "The CreditWatch placement reflects our expectation NCR Atleos will merge into higher-rated Brink's, providing potential uplift to the rating. We intend to resolve the CreditWatch upon transaction close." On Feb. 26, 2026, NCR Atleos announced it entered into agreement to be acquired by The Brink's Co. for $50.40 per share, comprising $30 per share in cash and 0.1574 share of Brink's for each share of NCR Atleos. This implies a $6.6 billion value for transaction, which the company expects to close in the first quarter of 2027. S&P said, "We may raise our rating on NCR Atleos to equalize it with our 'BB+' rating on Brink's. We expect NCR Atleos will be absorbed and integrated with Brink's and that Brink's will assume NCR Atleos' bank debt and secured notes totaling about $2.9 billion. Brink's has obtained $4.5 billion in bridge debt financing. We believe all the NCR Atleos debt will be repaid. If there is no debt outstanding, we will withdraw the issue-level and recovery ratings. "Our 'B+' rating on NCR Atleos incorporates its market position and market reliance. It is one of the largest ATM hardware suppliers, balanced by its reliance on mature self-service ATM markets. NCR Atleos' business growth strategy remains centered on expanding its recurring revenues, with ATM-as-a-service (ATMaaS, its outsourcing and managed services offering) a critical enabler of its business transformation. As such, we expect recurring revenue increases to come principally from conversions of its installed base to ATMaaS contracts and other managed network services, as annual declines for global ATMs remain stable at low-single-digit percentages. "We base the CreditWatch placement on our expectation that NCR Atleos will merge into higher-rated Brink's. This may provide uplift to our 'B+' rating on NCR Atleos. We intend to resolve the CreditWatch upon transaction close. We could withdraw our issuer rating on NCR Atleos if its outstanding debt is repaid, including bank debt and secured senior notes." NEW PROVIDENCE: Seeks to Hire Lorium Law as Bankruptcy Counsel -------------------------------------------------------------- New Providence Development Corporation seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to hire Lorium Law as bankruptcy counsel. The firm will provide these services: (a) give advice to the Debtor with respect to its powers and duties as a debtor in possession under Chapter 11 and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the U.S. Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (c) prepare and/or defend motions, pleadings, orders, applications, adversary proceedings, and other legal documents necessary in the administration of the case; (d) protect the interest of the Debtor in all matters pending before the Court; and (e) represent the Debtor in negotiation with its creditors in the preparation of a plan and confirmation of same. The firm will be paid at these rates: Attorneys $250 to $550 per hour Paralegals $150 to $175 per hour The firm will be paid a retainer of $4,239, inclusive of $1,738. Lorium Law is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code, according to court filings. The firm can be reached at: Joe M. Grant, Esq. LORIUM LAW 197 South Federal Highway, Suite 200 Boca Raton, FL 33432 Telephone: (561) 361-1000 E-mail: jgrant@loriumlaw.com About New Providence Development Corporation New Providence Development Corporation sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11252) on January 30, 2026, with $1 million to $10 million in assets and $500,000 to $1 million in liabilities. Desiree Faulkner, president, signed the petition. Joe M. Grant, Esq., at Lorium Law represents the Debtor as bankruptcy counsel. NEW SHILOH: Court Extends Cash Collateral Access to March 12 ------------------------------------------------------------ New Shiloh Christian Center, Inc. received another extension from the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division, to use cash collateral. The court issued a second preliminary order authorizing the Debtor to use cash collateral through March 12 for U.S. Trustee quarterly fees and other court-approved payments; the budgeted expenses, plus up to a 10% variance per line item; and additional amounts with approval from the U.S. Small Business Administration. The Debtor projects total operational expenses of $216,323 for the period from January to March. The SBA is the Debtor's senior secured creditor, with Piton Capital, LLC holding a potential inferior interest. As adequate protection, secured creditors will be granted replacement liens on post-petition cash collateral, maintaining the same validity and priority as their pre-bankruptcy liens. New Shiloh must also maintain required insurance coverage and comply with all statutory duties of a debtor-in-possession under the Bankruptcy Code and court orders. The order is without prejudice to future challenges regarding lien validity, priority, or the scope of cash collateral use, including rights of any creditors' committee that may be appointed. The next hearing is scheduled for March 12. About New Shiloh Christian Center Inc. New Shiloh Christian Center, Inc., based in Melbourne, Florida, is a Christian church and private educational institution founded on January 5, 1997, by Bishop Jacquelyn D. Gordon and Deacon Haywood Gordon. The organization provides religious services, community programs, and operates Shiloh Christian Academy, a K-12 private Christian school, within its 125,000-square-foot facility on 17 acres that also includes a 3,000-seat sanctuary, chapel, office space, and youth division. New Shiloh Christian Center sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-08093) on December 12, 2025, with $8,619,548 in assets and $3,298,592 in liabilities. Lashaunda Gordon, chief financial officer, signed the petition. Judge Grace E. Robson presides over the case. Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC represents the Debtor as bankruptcy counsel. NIGHTFOOD HOLDINGS: Q2 2026 Loss Hits $4.3MM; Warns of Cash Crunch ------------------------------------------------------------------ Nightfood Holdings, Inc. filed with the U.S. Securities and Exchange Commission its Quarterly Report on Form 10-Q reporting a net loss of $4,288,320 for the three months ended December 31, 2025, compared to a net loss of $479,605 for the three months ended December 31, 2024. For the six months ended December 31, 2025, the Company reported a net loss of $7,983,855, compared to a net loss of $1,244,217 for the same period in 2024. Total revenues for the three and six months ended December 31, 2025, were $2,211,029 and $2,972,056, respectively. Additionally, at December 31, 2025, the Company reflected: * Accumulated deficit of $54,737,699; * Working capital deficit of $20,103,065; * Positive stockholders' equity of $86,373,596; and * Cash on hand of $347,338 These factors: recurring losses from continuing operations, limited operating cash flows, and dependence on debt and equity financing -- continue to raise substantial doubt about the Company's ability to continue as a going concern within 12 months after February 23, 2026, the date the accompanying financial statements are issued. Management's plans to address these conditions include: * Increasing revenue and improving profitability of hotel operations, including through revenue-management initiatives, cost controls, and selective capital investments intended to enhance property performance. * Scaling foodservice packaging and RaaS revenues, including cross-selling into the Company's hotel customer base and expanding robotic deployments into new verticals such as casinos, stadiums, convention centers, and assisted living facilities. * Seeking additional debt and/or equity financing, including mortgage refinancings, working capital facilities and potential equity issuances, to support operations, fund capital projects and pursue strategic opportunities. * Advancing the Company's planned uplisting to a national exchange to broaden institutional investor access and improve capital markets positioning. * Commercializing proprietary robotics technologies, including the Beverage Bot platform unveiled in December 2025, with initial deployments targeted toward enterprise operators, large venues, and multi-location hospitality partners. * Maintaining a disciplined approach to capital allocation and operating expenses, including reviewing underperforming assets or business lines and considering asset sales, restructurings or partnership arrangements where appropriate. There can be no assurance that these plans will be successful or that additional financing will be available on acceptable terms or in sufficient amounts, if at all. If the Company is unable to obtain the necessary financing or improve cash flows from operations, it may be required to delay or curtail expansion plans, sell assets, restructure obligations or pursue other strategic alternatives. A full text copy of the Company's Form 10-Q is available at https://tinyurl.com/54ecf4fd About Nightfood Holdings Tarrytown, N.Y.-based Nightfood Holdings, Inc. is focused on identifying and exploiting explosive market trends within the hospitality, food services, and consumer goods sectors. By leading newly emerging categories and by identifying opportunities in markets undergoing transformational upheaval, the Company's aim is to create upside potential unmatched in more mature markets. Spokane, Wash.-based Fruci & Associates II, PLLC, the Company's auditor since 2024, issued a "going concern" qualification in its report dated October 14, 2025, attached to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025, citing that the Company has an accumulated deficit, limited available cash resources and does not believe cash on hand will be sufficient to fund operations and growth. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. As of December 31, 2025, the Company had $129,618,033 in total assets, $43,244,437 in total liabilities, and $86,373,596 in total stockholders' equity. NINE ENERGY: Hires KPMG LLP to Provide Tax Consulting Services -------------------------------------------------------------- Nine Energy Service, Inc. and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ KPMG LLP to provide tax consulting services. KPMG will provide these services: Tax Consulting Services A. Debt Restructuring Services i. Pursuant to the engagement letter dated December 6, 2025, and attached hereto as Exhibit B (the "Restructuring EL"), KPMG has analyzed, and will continue to analyze, U.S. federal, state, local, and international tax implications of the Debtors' potential restructuring of their debt and/or capital structure (the "Potential Restructuring"). Services pursuant to the Restructuring EL may include, but are not limited to, analyses of: a) Section 382 issues related to potential restructuring alternatives, including a sensitivity analysis to reflect the Section 382 impact of proposed and/or hypothetical equity transactions; b) net unrealized built-in gains and losses and notice 2003-65 as applied to the ownership change, if any, resulting from or in connection with the Potential Restructuring; c) the Debtors' tax attributes, including net operating losses, tax basis in assets, and tax basis in subsidiaries' stock as relevant to the Potential Restructuring; d) cancellation of debt income, including the application of Section 108 and consolidated tax return regulations relating to the restructuring of non-intercompany debt and the completed capitalization/settlement of intercompany debt; e) application of the attribute reduction rules under Section 108(b) and treasury regulation Section 1.1502-28, including a benefit analysis of Section 108(b)(5) and 1017(b)(3)(D) elections as related to the Potential Restructuring; f) relevant tax elections available and filing of any necessary election statements; g) tax implications of any internal reorganizations and restructuring alternatives; h) cash tax modeling of the tax benefits or tax costs of restructuring alternatives; i) tax implications of any dispositions of assets and/or subsidiary stock pursuant to the Potential Restructuring; j) potential bad debt, worthless stock, and retirement tax losses associated with the Potential Restructuring; and k) tax treatment of restructuring related costs. B. Unclaimed Property Consulting Services i. Pursuant to the engagement letter dated March 17, 2022, KPMG has assisted, and will continue to assist the Debtors with completion of their enrollment in the unclaimed property voluntary disclosure program administered by the Delaware Secretary of State (the "DE VDA Program"). During this process KPMG may perform, but is not limited to, these tasks: a) establishing project work plans and timelines to allow the Debtors to complete the DE VDA Program pursuant to the Delaware VDA implementing guidelines; b) providing guidance and direction throughout the DE VDA Program process, including participation by KPMG personnel in conference calls and meetings upon request; c) assisting with communications and correspondence between the Debtors and the Delaware Secretary of State's appointed representatives (the "VDA Administrator"); d) assessing and discussing strategies and methodologies the Debtors may choose to explore related to the DE VDA Program; e) providing advice and guidance regarding the Debtors' development of strategies related to potential exposure where facts suggest unclaimed property is not reportable; f) assisting the Debtors with respect to gathering relevant source records that the Debtors may provide to the VDA administrator and assisting the Debtors with respect to other information used to identify and quantify the Debtors' unclaimed property exposure; g) as requested by the Debtors, reviewing information as requested by the VDA administrator and assisting the Debtors in the analysis and preparation of data for submission to the VDA administrator; h) as requested by the Debtors, assisting the Debtors with performing due diligence functions to assist the Debtors in meeting the owner notification requirements set forth by the state of Delaware; i) assisting with quantifying the Debtors' unclaimed property exposure by property type, including assistance with estimation procedures that may be required for specific periods/property types where records are not available or appear to be incomplete for applicable open years; j) as requested by the Debtors, assisting with the preparation and presentation of reports, forms, cover letter, workbooks, etc. as necessary for completing the DE VDA program; and k) as requested by the Debtors, evaluating the benefits of participating in voluntary compliance programs offered by jurisdictions other than Delaware, as deemed necessary. C. Valuation Services a. Valuation Services - General i. Pursuant to the engagement letter dated February 16, 2026 (the "Valuation EL"), KPMG will support the Debtors' management ("Management") in addressing valuation services needs arising from the Debtors' anticipated execution of a confirmed plan of reorganization and emergence from chapter 11 as stipulated in accordance with the Bankruptcy Code. Specifically, KPMG understands the Debtors expect to adopt and follow the recognition, measurement and financial reporting requirements of Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Topic 852, Reorganizations ("ASC 852" or "Fresh-Start"). ii. In accounting for fresh start, an entity must allocate its enterprise value to the underlying assets and liabilities based on their estimated fair values. Based on discussions with Management, KPMG understands that the Debtors have four reporting units (the "Reporting Units"): a) Wireline; b) Cement; c) Coil; and d) Tools. iii. The Reporting Units are structured under one reportable segment, Completion Solutions (the "Reportable Segment"). The below are the scopes of services under two primary approaches, both of which KPMG feels should appropriately capture the value of the assets: a) Consolidated Approach -- Assuming an allocation of the enterprise value at the consolidated Reportable Segment level, and a simplified method to further allocate value to the individual Reporting Units; and b) Segment Approach -- Assuming an allocation of the enterprise value at the consolidated Reportable Segment level and also to the individual Reporting Unit level (all four Reporting Units). Under this method, KPMG will determine the individual enterprise values of the four Reporting Units using individual forecasts provided by Management. KPMG will ensure that the individual enterprise values reconcile to the overall enterprise value at the Consolidated Reportable Segment level. KPMG will then allocate the enterprise values to the identified assets and liabilities at the individual Reporting Unit level and Consolidated Reportable Segment level. KPMG will also consider appropriate rates of returns to the forecasts provided that reconcile to the overall rate of return implied by the enterprise value and forecasts at the Reportable Segment level. Lastly, KPMG will ensure that the assets and liabilities at the individual Reporting Unit level align with the respective individual Reporting Unit enterprise values. iv. As part of the scope, KPMG will perform these procedures and will, at all times, work under the direction of Management and provide services as requested. a) Reorganization Value: Review and identify potential issues with reconciling the enterprise value approved by the Court and adjustments necessary to arrive at reorganization value, which is a concept under ASC 852. If requested by Management, KPMG will allocate the reorganization value across the four Reporting Units under the Segment Approach described above. b) Identify Assets & Liabilities: Analyze the Debtors' historical financial statements and detailed financial records, and conduct interviews with Management, to identify assets and liabilities, regardless of whether those assets and liabilities are currently recorded. c) Fair Values: KPMG will discuss with Management and determine which assets and liabilities will be valued by KPMG and those that are not within scope. KPMG will then prepare fair value estimates for each identified asset and liability (the "Subject Assets and Liabilities") within the scope as of the date of the Debtors' emergence from bankruptcy (the "Valuation Date"). -- Based on discussions with Management, KPMG will leverage liquidation analyses performed for the real and personal property and adjust accordingly for any differences. d) Goodwill: Determine the difference, if any, between reorganization value and the fair value of the Subject Assets and Liabilities identified and valued. e) Equity Method Investments or Non-Controlling Interests: Prepare fair value estimates for any equity method investments or non-controlling interests identified and if required, allocate the fair values to identified tangible and intangible assets. f) Remaining Useful Lives: Estimate remaining useful lives and provide amortization schedules for the tangible and identified intangible assets. g) Valuation Report: Issue a valuation report covering the fair value estimates of the Subject Assets and Liabilities, goodwill and equity method investments or non-controlling interests and business enterprise value. v. KPMG anticipates that the valuation portion of KPMG's assistance will include establishing the fair value of these assets and liabilities: a) business valuation at the Reportable Segment level; b) owned real property (four owned locations); c) leased real property; d) owned personal property; e) inventory; f) developed technology, intellectual property, trade names, customer relationships, if applicable; and g) debt and other equity instruments, if applicable. vi. If required and requested by Management, KPMG will determine the fair value of the aforementioned assets and liabilities at the individual Reporting Unit level. b. Additional Related Services i. KPMG may also provide, but is not limited to, these services: a) valuing assets and liabilities different from those outlined above; b) preparing more than two draft iterations of the schedules; c) updating the valuation analysis with revised projections and/or closing balance sheet; d) providing more than eight hours of audit-related support; e) providing support related to internal control over financial reporting ("ICFR"); f) addressing fixed asset listings that do not reconcile to the balance sheet; g) updating fixed asset listing as of a new valuation date; h) updating argus files reflecting property level changes; i) allocating economic obsolescence due to forecast changes; j) adding owned real property assets not originally in scope; and k) addressing operating leases with significant rent concessions. In addition to the foregoing, KPMG will provide such other consulting, advice, research, planning, and analysis regarding tax consulting services as may be necessary, desirable, or requested from time to time by the Debtors. Should KPMG and the Debtors enter into any additional engagement letters and/or statement(s) of work regarding additional services to be provided to the Debtors during these chapter 11 cases, KPMG and the Debtors will follow the procedure for authorization to provide such additional services. KPMG's current hourly rates are: Partners $866 to $1,696 Managing Directors $866 to $1,509 Directors/Senior Managers $792 to $1,296 Managers $624 to $1,177 Senior Associates $459 to $893 Associates $336 to $544 The majority of fees to be charged for tax consulting services reflect a reduction of approximately 15% to 45% from KPMG's normal and customary rates. KPMG has further agreed that its fees for Unclaimed Property Consulting Services will be no more than $65,000. As disclosed in the court filings, KPMG is a "disinterested person" as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, The firm can be reached through: Olayinka Kukoyi, CPA KPMG LLP 811 Main Street, Suite 450 Houston, TX 77002 About Nine Energy Service Nine is a leading oilfield services business that supplies cutting edge solutions for unconventional oil and gas resource extraction and development across North America and abroad. Nine's culture is driven by an intense focus on performance and wellsite execution as well as a commitment to forward--leaning technologies that aid the development of smarter, customized applications that drive efficiencies and reduced emissions for customers. Nine is headquartered in Houston, Texas with operational reach that extends across all major onshore basins in the United States and Canada. On the Web: http://www.nineenergyservice.com/ Nine Energy Service, Inc., and its subsidiaries sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No. 26--90295) on Feb. 1, 2026. Nine is advised in this matter by Kirkland & Ellis LLP and Kane Russell Coleman Logan PC as legal counsel, Moelis & Company as investment banker and FTI Consulting as financial and communications advisors. Epiq is the claims agent. Judge Christopher M. Lopes oversees the case. Certain noteholders under the Company's senior secured notes indenture are advised by Milbank LLP as legal counsel and Houlihan Lokey as investment banker. White Oak Commercial Finance, LLC, as DIP Agent, is advised by Paul Hastings LLP as legal counsel and Blake, Cassels & Graydon LLP, as Canadian counsel. NOVATECH FS: Seeks to Tap Harris Law Practice as Bankruptcy Counsel ------------------------------------------------------------------- Novatech FS seeks approval from the U.S. Bankruptcy Court for the District of Nevada to employ Harris Law Practice LLC as counsel. The firm's services include: (a) examine and prepare records and reports as required by the Bankruptcy Code, Federal Rules of Bankruptcy Procedure and Local Bankruptcy Rules; (b) prepare applications and proposed orders to be submitted to the Court; (c) identify and prosecute claims and causes of action assertable by the Debtor on behalf of the estate; (d) examine proofs of claim anticipated to be filed and the possible prosecution of objections to certain claims; (e) advise the Debtor and prepare documents in connection with the contemplated ongoing operation of its business; (f) assist and advise the Debtor in performing other official functions set forth in Section 521, et seq., of Bankruptcy Code; and (g) advise and prepare a plan of reorganization, and related documents, and confirmation of said plan, as provided in Section 1121, et seq., of the Bankruptcy Code. The firm will be paid at these hourly rates: Stephen Harris, Attorney $650 Norma Guariglia, Attorney $550 Paraprofessional $200 The firm received an advance retainer of $7,500 from the Debtor. Mr. Harris disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Stephen R. Harris, Esq. Harris Law Practice LLC 850 E. Patriot Blvd., Suite F Reno, NV 89511 Telephone: (775) 786-7600 Email: steve@harrislawreno.com About Novatech FS Novatech FS filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Nev. Case No. 26-50035) on January 14, 2026. In the petition signed by Rafael Cappucci, president, the Debtor disclosed up to $1 million in estimated assets and up to $10 million in estimated liabilities. Judge Hilary L. Barnes oversees the case. Stephen R. Harris, Esq., at Harris Law Practice, LLC represents the Debtor as counsel. NURIEL & GRACE: Seeks to Tap The Fuller Law Firm as Legal Counsel ----------------------------------------------------------------- Nuriel & Grace, Inc. seeks approval from the U.S. Bankruptcy Court for the Northern District of California to employ The Fuller Law Firm, PC as counsel. The firm's services include: (a) advise the Debtor with respect to its powers and duties; (b) attend meetings and negotiate with representatives of creditors and other parties in interest and advise and consult on the conduct of the case; (c) take all necessary action to protect and preserve the Debtor's estate; (d) prepare on behalf of the Debtor all legal papers necessary to the administration of the estate and to review but not to prepare the monthly operating reports required to be filed in the herein case; (e) negotiate and prepare on the Debtor's behalf a plan for reorganization, and all related agreements and/or documents and take any necessary action on its behalf to obtain confirmation of such plan; (f) advise the Debtor in connection with the possible sale or any possible refinance of its assets; (g) appear before the Court and the U.S. Trustee and protect the interest of the Debtor's estate before such courts and the U.S. Trustee; and (h) perform all other necessary legal services and provide all other necessary legal advice to the Debtor in connection with this Chapter 11 case. The firm's attorneys will be paid at these hourly rates: Lars Fuller, Esq. $565 Joyce Lau, Esq. $495 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $25,000, including the filing fee of $1,738 from the Debtor. Mr. Fuller disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Lars T. Fuller, Esq. Fuller Law Firm, PC 60 N. Keeble Ave. San Jose, Ca 95125 Telephone: (408) 295-5595 About Nuriel & Grace Inc. Nuriel & Grace, Inc. operates a residential care facility in Napa, California, providing assisted living and daily care services for elderly residents. Nuriel & Grace sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 26-10063) on January 31, 2026, with $912,023 in assets and $1,418,391 in liabilities. Gladys Martinez, chief executive officer, signed the petition. Judge Charles Novack oversees the case. Lars Fuller, Esq., at The Fuller Law Firm, PC represents the Debtor as counsel. O'BRIEN ENERGY: U.S. Trustee Appoints Creditors' Committee ---------------------------------------------------------- The U.S. Trustee for Region 1 appointed an official committee to represent unsecured creditors in the Chapter 11 case of O'Brien Energy Resources Corporation. The committee members are: 1. Tiger Chemical, LLC 2. MLS Capital, LLC 3. Kerr Well Service, Inc. Official creditors' committees serve as fiduciaries to the general population of creditors they represent. They may investigate the debtor's business and financial affairs. Committees have the right to employ legal counsel, accountants and financial advisors at a debtor's expense. About O'Brien Energy Resources Corp. O'Brien Energy Resources Corporation, a Colorado corporation, is a privately held independent oil and natural gas exploration and production company focused on conventional drilling, operating wells and fields across Colorado, Nebraska, Wyoming, Oklahoma, Kansas, Texas, and Louisiana. The company, which has been in business since 1990 and is headquartered in Portsmouth, New Hampshire, develops new and existing leaseholds through operated interests and joint ventures with other energy companies and partners. O'Brien filed its voluntary petition for Chapter 11 protection (Bankr. D.N.H. Case No. 26-10092) on Jan. 30, 2026, listing $50 million to $100 million in assets and $10 million to $50 million in liabilities. John J. Forma as director, signed the petition. Judge Kimberly Bacher oversees the case. William J. Amann, Esq., at Amann Burnett, PLLC serves as the Debtor's legal counsel. OFFICE PROPERTIES: Seeks to Tap JLL Valuation as Valuation Experts ------------------------------------------------------------------ Office Properties Income Trust and its debtor affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire JLL Valuation & Advisory Services, LLC as valuation experts. The firm's services include: (a) Consulting Expert Services: JLL will provide a valuation of a 33-property portfolio of OPI's commercial office assets, including asset-level valuations for each listed property. The appraisal standards used will be compliant with the Uniform Standards of Professional Appraisal Practice and valuation approaches will include cost, income capitalization, and sales comparison approaches to value, as appropriate. (b) Testifying Expert Services: In addition to the primary valuation effort, JLL's Complex Real Estate Analysis & Litigation Support division will provide testifying expert witness services, including litigation support services associated with the Chapter 11 Cases. The firm will be paid at these fees: (a) Consulting Expert Services: $249,200 (b) Testifying Expert Services: JLL will perform its work on an hourly reimbursement basis at these rates: Richard J. Roddewig, Managing Director $975 Gary R. Papke, Executive Vice President $750 Charles T. Bridgen, Managing Director $650 Thomas W. Hamilton, Executive Vice President $485 Charles G. Argianas, Executive Vice President $480 Robert S. Wells, Executive Vice President $480 Anne S. Baxendale, Senior Vice President $450 Michael P. Roth, Senior Vice President $410 Robert S. Trapp, Senior Vice President $375 Margo E. La Clair, Associate $360 Alexander C. Argianas, Associate $330 Adam H. Stulgin, Associate $330 Sierra E. Hamilton, Senior Analyst $320 Corbin M. Stulgin, Real Estate Analyst II $295 Hayley A. Scheid, Real Estate Analyst II $290 Shane M. Briscoe, Real Estate Analyst I $260 Olivia C. Sell, Real Estate Analyst I $250 Ginal Calagos, Project Coordinator $210 JLL is a "disinterested person" within the meaning of section 101(14) of the Bankruptcy Code, as required by section 327(a) of the Bankruptcy Code, according to court filings. The firm can be reached through: Corey Gustafson, MAI, CRE JLL Valuation & Advisory Services, LLC One Post Office Square Boston, MA 02109 Tel: (617) 316-6444 Email: corey.gustafson@jll.com About Office Properties Income (OPI) Trust Office Properties Income (OPI) Trust is a national REIT focused on owning and leasing office properties to high-credit-quality tenants in markets throughout the United States. OPI's property portfolio consists of 124 wholly owned properties located in 29 states and the District of Columbia, containing approximately 17.2 million rentable square feet. As of June 30, 2025, approximately 59% of OPI's revenues were from investment-grade-rated tenants. In 2024, OPI was named an Energy Star(R) Partner of the Year for the seventh consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $39 billion in assets under management as of September 30, 2025, and more than 35 years of institutional experience in buying, selling, financing, and operating commercial real estate. OPI is headquartered in Newton, Massachusetts. Office Properties Income Trust and 72 affiliates filed separate petitions for Chapter 11 bankruptcy protection (Bankr. S.D. Texas Lead Case No. 25-90530) on October 30, 2025, before the Hon. Christopher M Lopez. As of Sept. 30, 2025, Office Properties Income Trust has $3,501,385,950 in total assets and$2,501,583,119 in total liabilities. The petitions were signed by John R. Castellano, their chief restructuring officer. Lawyers at Latham & Watkins LLP and Hunton Andrews Kurth LLP serve as the Debtors' counsel. Moelis & Company serves as the Debtors' investment banker and AlixPartners LLP as their restructuring advisors. Kroll Restructuring Administration LLC serves as the Debtors' claims, noticing & solicitation agent. White & Case LLP represents an ad hoc group of noteholders holding 90% senior secured notes due in September 2029 with an aggregate outstanding principal amount of $567,429,000. Milbank LLP and Porter Hedges LLP represent an ad hoc group of secured noteholders holding 3.25% senior secured notes due in 2027. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Munsch Hardt Kopf & Harr, P.C. represent an ad hoc group of secured noteholders holding (a) 90% senior secured notes due in March 2029; (b) 90% senior secured notes due 2029; (c) 3.25% senior secured notes due 2027 and (d) a short position in OPI's common equity interests. Acquiom Agency Services, LLC, is the DIP agent and is represented by White & Case LLP. The U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. The committee tapped Willkie Farr & Gallagher, LLP as legal counsel and Alvarez & Marsal North America, LLC as financial advisor. ORFEDOR INC: Taps Thomas B. Ure as General Bankruptcy Counsel ------------------------------------------------------------- Orfedor Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to employ Thomas B. Ure, a licensed attorney admitted to practice in California, as a general bankruptcy counsel. The professional will provide these services: a. advise the Debtor regarding matters of bankruptcy law and concerning the requirement of the Bankruptcy Code, and Bankruptcy Rules relating to the administration of this case, and the operation of the Debtor's estate as a debtor in possession; b. represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; c. assistance in compliance with the requirements of the Office of the United States trustee; d. provide the Debtor legal advice and assistance with respect to the Debtor's powers and duties in the continued operation of the Debtor's business and management of property of the estate; e. assist the Debtor in the administration of the estate's assets and liabilities; f. prepare necessary applications, answers, motions, orders, reports and/or other legal documents on behalf of the Debtor; g. assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against the Debtor's estate; h. provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and i. prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The attorney and his law firm staff will be paid at these rates: Thomas B. Ure $495 per hour Associates $295 per hour Paralegals $195 per hour Law clerks $95 per hour He received a retainer in the amount of $11,691.18. He will also be reimbursed for reasonable out-of-pocket expenses incurred. Thomas B. Ure, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. He can be reached at: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: (213) 202-6070 Fax: (213) 202-6075 About Orfedor Inc. Orfedor Inc. is a California-based company engaged in the manufacturing and distribution of orthopedic footwear and related medical support products. The company focuses on designing and supplying specialty shoes and inserts intended to address foot and mobility conditions. Orfedor Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. Case No. 25-21073) on December 10, 2025. In its petition, the Debtor reports estimated assets between $1 million and $10 million and estimated liabilities in the same range. The case is handled by Honorable Bankruptcy Judge Julia W. Brand. The Debtor is represented by Thomas B. Ure, Esq. of Ure Law Firm. OUT THE GATE: MANOR: Seeks to Extend Plan Exclusivity to June 10 ---------------------------------------------------------------- Out the Gate, Inc. asked the U.S. Bankruptcy Court for the District of Delaware to extend its exclusivity periods to file a plan of reorganization and obtain acceptance thereof to June 10 and August 10, 2026, respectively. The Debtor submits that the requested extensions are both appropriate and necessary to afford the Debtor with sufficient time to adequately prepare a viable chapter 11 plan and related disclosure statement. Moreover, maintenance of the Debtor's exclusive right to file a plan safeguards the optimal utilization of estate resources for the benefit of all of the Debtor's stakeholders. The Debtor explains that the sale and plan processes required (and continue to require) negotiations and effort. The Debtor and Plannatech have determined that a sale can only be properly accomplished by way of a change in ownership rather than a sale of assets and the Debtor and its advisors have been working with the Debtor's prepetition and postpetition lenders, the Committee, certain equity holders, and others to forge a consensual path toward confirmation of a plan. The Debtor claims that it has made significant progress in the months that its case has been pending, demonstrated most recently by reaching the point of a Sale Hearing where all formal and informal objections had been resolved in advance of such date. As the Debtor moves toward confirmation of a plan, the demands on its attention and resources will remain. In addition to advancing toward confirmation, the Debtor and its professionals will continue to focus on maximizing the value of its estate by managing ongoing chapter 11 administrative tasks for the benefit of all stakeholders. An extension of the Exclusive Periods as requested herein will allow the Debtor to finalize a chapter 11 plan that meets the requirements of the Bankruptcy Code. Accordingly, the Debtor's efforts to date demonstrate good faith progress toward valid goals so as to justify a reasonable extension of the Exclusive Periods. Additionally, the Debtor continues to timely pay its undisputed postpetition obligations and has additional DIP Financing to support its operations through a plan confirmation process. As such, the requested extension of the Exclusive Periods will afford the Debtor a meaningful opportunity to finalize a chapter 11 plan without prejudice to the parties in interest in this case. The Debtor asserts that throughout the chapter 11 process, the company has endeavored to establish and maintain cooperative working relationships with its primary creditor constituencies. Importantly, the Debtor is not seeking the extension of the Exclusive Periods to delay administration of this case or to exert pressure on its creditors, but rather to continue the orderly, efficient, and cost-effective chapter 11 process. Thus, this factor also weighs in favor of the requested extension of the Exclusive Periods. The Debtor further asserts that if the Court were to deny its request for an extension of the Exclusive Periods, upon the expiration of the Exclusive Filing Period, any party in interest would be free to propose a chapter 11 plan for the Debtor and solicit acceptances thereof. Such a ruling could undermine the Debtor's progress in this case and thwart any meaningful opportunity for the Debtor to emerge from chapter 11 as a fully operational business with substantial value having been provided to its creditors and other stakeholders. Out the Gate Inc. is represented by: Philip W. Allogramento III, Esq. Marc Casarino, Esq. Kennedys CMK LLP 222 Delaware Avenue, Suite 710 Wilmington, DE 19801 Tel: (908) 605-2953 E-mail: Phil.Allogramento@kennedyslaw.com About Out the Gate Inc. Founded on February 8, 2021, Out The Gate, Inc. is a privately held gaming and entertainment company that offers electronic sports betting services in the United States. It operates licensed sportsbooks in Kentucky, New Jersey, and Ohio, providing wagering platforms under state-regulated gaming frameworks. Out The Gate sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12023) on November 12, 2025. In its petition, the Debtor reported estimated assets of $1 million to $10 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Karen B. Owens handles the case. The Debtor is represented by Marc S. Casarino, Esq., at Kennedys CMK LLP. On November 24, 2025, the United States Trustee for Region 3 appointed an official committee of unsecured creditors in this Chapter 11 case. The committee tapped Cole Schotz PC as counsel and Dundon Advisers LLC as financial advisor. PERNA OIL: Case Summary & 20 Largest Unsecured Creditors -------------------------------------------------------- Debtor: Perna Oil & Gas LLC 4212 McNally Road New Iberia, LA 70560-8558 Business Description: Perna Oil & Gas LLC is an independent oil and gas exploration and production company formed in 2020 that focuses on the acquisition, development and operation of oil-weighted assets in the United States. The company operates assets in South East Louisiana and holds working interests in drilling and production programs in Osage County, Kay County and Wagoner County, Oklahoma, including operated and non-operated wells, and manages its portfolio through in-house field personnel. Perna Oil & Gas expanded its Louisiana operations in February 2023 through the acquisition of assets from Carolyn Energy Partners LLC, increasing its production and acreage position while participating in ongoing drilling and workover activities across its Oklahoma interests. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Middle District of Louisiana Case No.: 26-10168 Judge: Hon. Michael A Crawford Debtor's Counsel: Ryan J. Richmond, Esq. STERNBERG, NACCARI & WHITE, LLC 450 Laurel Street, Suite 1450 Baton Rouge, LA 70801 Tel: (225) 412-3667 Fax: (225) 286-3046 E-mail: ryan@snw.law Estimated Assets: $1 million to $10 million Estimated Liabilities: $500,000 to $1 million The petition was signed by Christian Feller as manager. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/BNFVFHI/Perna_Oil__Gas_LLC__lambke-26-10168__0004.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/A3R3LXY/Perna_Oil__Gas_LLC__lambke-26-10168__0001.0.pdf?mcid=tGE4TAMA POTTERS BORROWER:S&P Withdraws 'B' ICR on Acquisition by Macquarie ------------------------------------------------------------------ S&P Global Ratings withdrew its 'B' issuer credit rating on Potters Borrower L.P. following the company's acquisition by Macquarie Asset Management. At the time of the withdrawal, S&P's outlook on Potters was stable. At the same time, S&P discontinued its 'B' issue-level rating on the company's first-lien debt because all its rated debt facilities have been fully repaid. PPVA BLACK: New Mountain Marks $14.5M Loan at 55% Off ----------------------------------------------------- New Mountain Finance Corp. has marked its $14,500,000 loan extended to PPVA Black Elk (Equity) LLC to market at $6,525,000 or 45% of the outstanding amount, according to New Mountain's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a subordinated loan extended to PPVA Black Elk (Equity) LLC. The Loan accrues interest at a rate of zero percent per annum. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About PPVA Black Elk (Equity) LLC PPVA Black Elk (Equity) LLC was formed in November 2007 as a limited liability company to acquire, exploit and develop oil and natural gas properties in its area of focus from oil and gas companies. PRECISION INDUSTRIES: Case Summary & 20 Top Unsecured Creditors --------------------------------------------------------------- Debtor: Precision Industries Acquisitions Inc. 3002 E. Court Flint, MI 48506 Business Description: Precision Industries Acquisitions is a privately held precision manufacturing company based in Flint, Michigan, that designs and produces custom plastic injection and structural foam molds as well as molded plastic parts for prototype and production applications, and offers CNC machining and engineering support services. The company's operations include mold building and repair, CAD/CAM design, machining, and product development tailored to meet specifications for clients across sectors such as automotive, aerospace, and electronics. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Eastern District of Michigan Case No.: 26-30480 Judge: Hon. Joel D. Applebaum Debtor's Counsel: George E. Jacobs, Esq. BANKRUPTCY LAW OFFICES 2425 S. Linden Rd., Suite C Flint, MI 48532 Tel: (810) 720-4333 E-mail: george@bklawoffice.com Total Assets: $783,779 Total Liabilities: $1,941,447 The petition was signed by Miguel Atkinson as president. A copy of the Debtor's list of its 20 largest unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HYFDQUA/Precision_Industries_Acquistions__miebke-26-30480__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/HS36W2Y/Precision_Industries_Acquistions__miebke-26-30480__0001.0.pdf?mcid=tGE4TAMA PROJECT CASTLE: Carlyle Secured Marks $8.2M 1L Loan at 36% Off -------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $8,224,000 loan extended to Project Castle, Inc. to market at $5,294,000 or 64% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Project Castle, Inc. The loan accrues interest at a rate of 9.36% per annum. The loan matures on June 1, 2029. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Project Castle, Inc. Project Castle, Inc. is a capital equipment company engaged in providing machinery and related assets used in industrial and commercial operations. PSCD TRINITY: Seeks to Sell Watermills Property at Auction ---------------------------------------------------------- PSCD Trinity LLC seeks permission from the U.S. Bankruptcy Court for the District of Massachusetts, Eastern Division, to sell Property at auction, free and clear of liens, claims, interests, and encumbrances. The Debtor is a Massachusetts limited liability company with a principal office address at 350 Pleasant Street, Watertown, Massachusetts 02472. PSCD functions as a real estate investor and real estate developer. The Debtor owns a prominent mixed-use apartment complex overlooking the Charles River, known as Watermills, in Watertown, Massachusetts located at 330-350 Pleasant St. Watertown, Massachusetts that includes two three-story buildings connected by a skybridge, featuring 99 residential units and 17,941 square feet of ground level retail and office space (Watermills Property). The residential units include a mix of one-, two- and three-bedroom apartments. The complex offers a range of amenities, including a fitness center, landscaped courtyard, rooftop terrace, and both open and covered parking with electric vehicle charging stations. The retail space is anchored by two restaurants, a grocery store and cannabis dispensary. The Debtor has proceeded down a dual track to refinance its obligations to its secured lenders, Service Capital, LLC and SFCU or alternatively, to elicit offers to purchase the Watermills under a section 363 sale process. The Debtor believes that the establishment of a sale process will incentivize those parties that have communicated consistent interest in the Watermills Property to submit an offer to purchase. The Debtor firmly believes that the establishment of a sale process will maximize the value of the Watermills Property to the benefit of the Lenders and the Debtor's bankruptcy estate. The Debtor proposes to solicit best and final offers pursuant to an expedited sale process, and to incorporate the selected agreement into the terms of a potential plan that the Debtor will seek to confirm. The Debtor proposes to offer a potential Stalking Horse a break-up fee in an amount that shall not exceed $500,000 and an expense reimbursement subject to a cap of not more than $200,000, to be agreed upon by the Debtor and the Stalking Horse subject to notice and an opportunity for parties in interest to object. The Debtor may designate a Stalking Horse any time prior to Monday, April 13, 2026, at 11:59 p.m. In the event that the Debtor determines to designate a Stalking Horse, the Debtor shall promptly upon execution of the Stalking Horse Agreement. Parties in interest who wish to object to the provisions of Stalking Horse Offer Protections will be afforded an opportunity to file with the Court and serve on the applicable Objection Notice Parties. The Sale Procedures are intended to facilitate a competitive selection process, including identifying the highest or best offer or offers for the Watermills Property. Details of the sale procedures of the Watermills Property are provided. https://urlcurt.com/u?l=I9zIBz The Sale Procedures provide for an orderly and appropriately competitive process through which interested parties may submit offers to purchase the Watermills Property. The Sale Procedures would authorize the Debtor to file a Stalking Horse Motion and allow a hearing on an expedited basis to approve Stalking Horse Offer Protections in an amount to be set forth in such Stalking Horse Motion. The Debtor also constructed the Sale Procedures to promote transparency, good faith and fairness throughout the entire Sale Process. The Sale Procedures provide an appropriate framework for the Debtor to review, analyze and compare Offers for the Watermills Property and to engage with Offerors on an arm’s-length basis to work to improve the quality of their Offers for the benefit of all parties-in-interest. About PSCD Trinity LLC PSCD Trinity, LLC provides activities related to real estate, including property management, real estate appraisal, and other support services. PSCD Trinity sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 25-12658) on December 8, 2025. In the petition signed by Mark D. Coppola, managing member, the Debtor disclosed up to $100 million in both assets and liabilities. The Debtor tapped George W. Tetler, Esq., at Prince Lobel Tye LLP as counsel and Verdolino & Lowey, PC as financial advisor. RAZAGHI DEVELOPMENT: Seeks to Tap Allen Jones as Substitute Counsel ------------------------------------------------------------------- Razaghi Development Company, LLC, doing business as Razaghi Healthcare, seeks approval from the U.S. Bankruptcy Court for the District of Arizona to employ Allen, Jones & Giles, PLC as substitute counsel. The firm will render these services: (a) provide the Debtor with legal advice with respect to its reorganization; (b) represent the Debtor in connection with negotiations involving secured and unsecured creditors; (c) represent the Debtor at hearings set by the Court in its bankruptcy case; and (d) prepare necessary legal papers necessary to assist in the Debtor's reorganization. The firm will be paid at these following hourly rates: Anthony Cali, Member $575 David Nelson, Associate $425 Legal Assistants and Law Clerks $205 Mr. Cali disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Anthony P. Cali, Esq. Allen, Jones & Giles, PLC 1850 N. Central Ave., Suite 1025 Phoenix, AZ 85004 Telephone: (602) 256-6000 Facsimile: (602) 252-4712 Email: acali@bkfirmaz.com About Razaghi Development Company Razaghi Development Company, doing business as Razaghi Healthcare, provides consulting, development, and operational services to Native Nations, specializing in the creation and management of healthcare systems. It offers expertise in P.L. 93-638 Indian Self-Determination contracting, healthcare facility planning, design and construction management, medical equipment procurement, licensing, accreditation preparation, and capital financing. Razaghi Development sought relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No. 25-12300) on Dec. 19, 2025, with total assets of $26,749,853 and total liabilities of $94,060,479. Ahmad R. Razaghi, member and manager, signed the petition. Anthony P. Cali, Esq., at Allen, Jones & Giles, PLC serves as the Debtor's counsel. REBORN COFFEE: Gets Noncompliance Notice From Nasdaq ---------------------------------------------------- Reborn Coffee, Inc. disclosed in a regulatory filing that it received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC notifying the Company that the Company no longer complies with Nasdaq's independent director, audit committee, and compensation committee requirements as set forth in Nasdaq Listing Rule 5605. However, consistent with Nasdaq Listing Rules, Nasdaq will provide the Company a cure period in order to regain compliance as follows: (i) until the earlier of the Company's next annual stockholders' meeting or February 13, 2027, or (ii) if the next annual stockholders' meeting is held before August 12, 2026, then the Company must evidence compliance no later than August 12, 2026. The Letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Decrease in Board Size On February 20, 2026, the Board of Directors of the Company resolved to decrease the size of the Board from seven members to six members, following the resignations of Andy Nasim, Alex Go, and Mi Young Jeong. Appointment of New Directors Following the Decrease in Board Size, the Board appointed each of Charles C. Jeong and Mi Jeong Lee to fill the vacancies. Each of Charles C. Jeong and Mi Jeong Lee will serve on the Board until the Company's next annual stockholder meeting or until his or her successor has been duly appointed and qualified or until her earlier death, resignation, retirement, disqualification, removal from office or other cause. The Board has determined that each of Mr. Jeong and Ms. Lee are independent within the meaning of the Nasdaq independence standards under Rule 5605(a)(2) of Nasdaq Listing Rules. Mr. Jeong will also serve as Chair of the Compensation Committee of the Board and Ms. Lee will serve on the Audit Committee of the Board. Neither Charles C. Jeong nor Mi Jeong Lee will be compensated for his or her service on the Board. There are no family relationships between either Charles C. Jeong or Mi Jeong Lee and any director or executive officer of the Company and none of them were selected by the Board to serve as a director pursuant to any arrangement or understanding with any person. Neither Charles C. Jeong nor Mi Jeong Lee has engaged in any transaction that would be reportable as a related party transaction under Item 404(a) of Regulation S-K, except as follows: as previously reported, on October 20, 2025, the Company entered into a Securities Subscription Agreement with Mr. Jeong pursuant to which the Company issued 1,192,661 shares of common stock to Mr. Jeong for an aggregate purchase price of $6,500,000 at $5.45 per share, funded in multiple tranches. The Company, by appointing Charles C. Jeong and Mi Jeong Lee as, has remedied all deficiencies under Nasdaq Listing Rule 5605. About Reborn Coffee Brea, Calif.-based Reborn Coffee, Inc. (NASDAQ: REBN) -- https://www.reborncoffee.com/ -- is focused on serving high quality, specialty-roasted coffee at retail locations, kiosks, and cafes. Reborn is an innovative company that strives for constant improvement in the coffee experience through exploration of new technology and premier service, guided by traditional brewing techniques. Reborn differentiates themselves from other coffee roasters through innovative techniques, including sourcing, washing, roasting, and brewing their coffee beans with a balance of precision and craft. As of September 30, 2025, the Company had $6.2 million in total assets, $9.6 million in total liabilities, and $3.4 million in total stockholders' deficit. Irvine, Calif.-based BCRG Group, the Company's auditor since 2024, 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 Dec. 31, 2024, citing that the Company's significant operating losses raise substantial doubt about its ability to continue as a going concern. Reborn incurred recurring net losses, including net losses from operations before income taxes, of $4.8 million and $4.7 million for the years ended December 31, 2024 and 2023, respectively. It used $3.5 million and $3.2 million cash for operating activities during the years ended December 31, 2024 and 2023, respectively. RED RIVER: Obtains Ruling Reviving Talc Libel Suit on New Grounds ----------------------------------------------------------------- Carla Baranauckas of Law360 Bankruptcy Authority reports that a New Jersey federal court has allowed a trade libel claim by a bankrupt Johnson & Johnson subsidiary to go forward, finding that the company adequately challenged a 2020 scientific article associating asbestos-tainted talc with mesothelioma. The judge cited newly asserted evidence and concerns about the authenticity of the research data in rejecting a motion to dismiss. The talc unit maintains that the article's findings were flawed and falsely implied that its products exposed consumers to asbestos. It claims the publication fueled litigation and inflicted reputational damage at a critical time amid mounting bankruptcy proceedings. In siding with the subsidiary at this stage, the court emphasized that the allegations, if proven, could support a viable trade libel claim. The ruling permits discovery to move ahead so the parties can test the validity of the disputed scientific evidence, the report states. About J&J Talc Units LLT Management, LLC (formerly known as LTL Management LLC) was a subsidiary of Johnson & Johnson that was formed to manage and defend thousands of talc-related claims and oversee the operations of Royalty A&M. Royalty A&M owns a portfolio of royalty revenue streams, including royalty revenue streams based on third-party sales of LACTAID, MYLANTA/MYLICON and ROGAINE products. LTL Management first filed a petition for Chapter 11 protection (Bankr. W.D.N.C. Case No. 21-30589) on Oct. 14, 2021. The case was transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov. 16, 2021. The Hon. Michael B. Kaplan is the case judge. At the time of the filing, the Debtor was estimated to have $1 billion to $10 billion in both assets and liabilities. In the 2021 case, LTL Management tapped Jones Day and Rayburn Cooper & Durham, P.A., as bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon LLP as special counsel; McCarter & English, LLP as litigation consultant; Bates White, LLC as financial consultant; and AlixPartners, LLP as restructuring advisor. Epiq Corporate Restructuring, LLC, served as the claims agent. On Dec. 24, 2021, the U.S. Trustee for Regions 3 and 9 reconstituted the talc claimants' committee and appointed two separate committees: (i) the official committee of talc claimants I, which represents ovarian cancer claimants, and (ii) the official committee of talc claimants II, which represents mesothelioma claimants. The official committee of talc claimants I tapped Genova Burns LLC, Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its legal counsel. Meanwhile, the official committee of talc claimants II is represented by the law firms of Cooley LLP, Bailey Glasser LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and Sherman Silverstein Kohl Rose & Podolsky P.A. Re-Filing of Chapter 11 Petition On Jan. 30, 2023, a panel of the Third Circuit issued an opinion directing this Court to dismiss the 2021 Chapter 11 Case on the basis that it was not filed in good faith. Although the Third Circuit panel recognized that the Debtor "inherited massive liabilities" and faced "thousands" of future claims, it concluded that the Debtor was not in financial distress before the filing. On March 22, 2023, the Third Circuit entered an order denying the Debtor's petition for rehearing. The Third Circuit entered an order denying LTL's stay motion on March 31, 2023, and, on the dame day,issued its mandate directing the Bankruptcy Court to dismiss the 2021 Chapter 11 Case. The Bankruptcy Court entered an order dismissing the 2021 Case on April 4, 2023. Johnson & Johnson on April 4, 2023, announced that its subsidiary LTL Management LLC (LTL) has re-filed for voluntary Chapter 11 bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain approval of a reorganization plan that will equitably and efficiently resolve all claims arising from cosmetic talc litigation against the Company and its affiliates in North America. In the new filing, J&J said it has agreed to contribute up to a present value of $8.9 billion, payable over 25 years, to resolve all the current and future talc claims, which is an increase of $6.9 billion over the $2 billion previously committed in connection with LTL's initial bankruptcy filing in October 2021. LTL also has secured commitments from over 60,000 current claimants to support a global resolution on these terms. In August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that the second bankruptcy case should be dismissed. 3rd Try In May 2024, J&J announced its subsidiary LLT Management LLC is soliciting support for a consensual prepackaged bankruptcy plan to resolve its talc-related liabilities. Under the terms of the plan, a trust would be funded with over $5.4 billion in the first three years and more than $8 billion over the course of 25 years, which J&J calculates to have a net present value of $6.475 billion. If the Plan is accepted by at least 75% of voters, a bankruptcy was to be filed under the case name In re Red River Talc LLC. Epiq Corporate Restructuring, LLC is serving as balloting and solicitation agent for LLT. On Sept. 20, 2024, Red River Talc LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D. Tex. Case No. 24-90505). Porter Hedges LLP and Jones Day serve as counsel in the new Chapter 11 case. Epiq is the claims agent. Paul Hastings LLP is counsel to the Ad Hoc Committee of Supporting Counsel. Randi S. Ellis is the proposed prepetition legal representative of future claimants. RED ROCK: Hires Weinberg Gross & Pergament as Attorney ------------------------------------------------------ Red Rock Industries, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Weinberg, Gross & Pergament LLP as attorneys. The firm will provide these services: (a) preparing legal advice with respect to the powers and duties of the Debtor-in-Possession in the continued management of its business and property; (b) representing the Debtor before the Bankruptcy Court and at all hearings on matters pertaining to its affairs, as Debtor-in-Possession, including prosecuting and defending litigated matters that may arise during the Chapter 11 case; (c) advising and assisting the Debtor in the preparation and negotiation of a Plan of Reorganization with its creditors; (d) preparing all necessary or desirable applications, answers, orders, reports, documents and other legal papers; and (e) performing all other legal services for the Debtor which may be desirable and necessary. The firm's standard billing rates are: Partners $675 per hour Senior Associates $575 to $650 per hour Associates $475 per hour Paralegals $120 per hour According to court filings, Weinberg, Gross & Pergament LLP has no connection with the Debtor, its creditors, or any other party in interest and does not hold or represent any interest adverse to the Debtor or its estate. The firm is a disinterested person within the meaning of Section 101 of the Bankruptcy Code. The firm can be reached at: Marc A. Pergament, Esq. WEINBERG, GROSS & PERGAMENT LLP 400 Garden City Plaza, Suite 309 Garden City, NY 11530 Tel: (516) 877-2424 Fax: (516) 877-2460 E-mail: mpergament@wgplaw.com About Red Rock Industries, Inc. Red Rock Industries, Inc. is a U.S.-based construction company headquartered in Woodbury, New York, that provides general contracting services including site work, utilities, structural steel, and concrete construction in the New York area. Red Rock Industries, Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70678) on February 18, 2026, listing $500,000 to $1 million in assets and $1 million to $10 million in liabilities. The petition was signed by Domenico Del Monaco, Jr., as president. Judge Sheryl P Giugliano presides over the case. Marc A. Pergament, Esq. at WEINBERG, GROSS & PERGAMENT LLP serves as the Debtor's counsel. RENTAL HUB: Gets Interim OK to Use Cash Collateral -------------------------------------------------- The Rental Hub, Inc. got the green light from the U.S. Bankruptcy Court for the Western District of Virginia, Roanoke Division, to use cash collateral. The court on March 3 issued an interim order authorizing the Debtor to use cash collateral to fund operations in accordance with its budget. Numerous creditors assert liens on the Debtor's assets, including accounts receivable, inventory and personal property, with First Bank and Trust Company as the senior secured creditor owed approximately $21,000 and the U.S. Small Business Administration holding a $450,000 Economic Injury Disaster Loan lien. The Debtor disputes the validity of liens asserted by certain MCA lenders, such as Kapitus, and reserves the right to challenge these claims. As adequate protection, secured creditors will be granted replacement liens on post-petition collateral of the same type and priority as existed on the petition date. The order is available at https://is.gd/A7LkGR from PacerMonitor.com. The Rental Hub has experienced cash flow disruptions due to temporary closure of its Wytheville location following a landlord sale, defective equipment, and other operational interruptions, which contributed to the need for bankruptcy relief. The order is available at https://is.gd/A7LkGR from PacerMonitor.com. The next hearing is set for April 2. About The Rental Hub Inc The Rental Hub, Inc. is a Virginia-based equipment rental business operating in Wytheville and Chilhowie. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70176) on February 23, 2026. In the petition signed by Michael L. Hubble, president and sole director, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Paul M. Black oversees the case. Scot Farthing, Esq., at Farthing Legal, PC, represents the Debtor as legal counsel. RENTAL HUB: Paula Beran Named Subchapter V Trustee -------------------------------------------------- The Acting U.S. Trustee for Region 4 appointed Paula Beran, Esq., at Tavenner & Beran, PLC as Subchapter V trustee for The Rental Hub, Inc. Ms. Beran will be paid an hourly fee of $480 for her services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Ms. Beran declared that she is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Paula S. Beran, Esq. Tavenner & Beran, PLC 20 North 8th Street Richmond, Virginia 23219 Phone: (804) 783-8300 Email: Beran@TB-LawFirm.com About The Rental Hub Inc. The Rental Hub, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70176) on February 23, 2026, with $1 million to $10 million in assets and liabilities. Judge Paul M. Black presides over the case. Scot Stewart Farthing, Esq., at Scot S. Farthing, Attorney At Law, PC represents the Debtor as bankruptcy counsel. RENTAL HUB: Seeks to Hire Farthing Legal as Bankruptcy Counsel -------------------------------------------------------------- The Rental Hub, Inc. seeks approval from the U.S. Bankruptcy Court for the Western District of Virginia to employ Farthing Legal, PC as counsel. The firm's services include: (a) take all necessary action to protect and preserve the estate of the Debtor; (b) prepare on behalf of the Debtor all necessary legal papers in connection with the administration of its estate; (c) negotiate and prepare, on behalf of the Debtor, a plan of reorganization and all related documents; and (d) perform all other necessary legal services in connection with the prosecution of this Chapter 11 case. The firm received an advance fee of $11,738, including the filing fee of $1,738, from the Debtor. Scot Farthing, Esq., president of Farthing Legal, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code The firm can be reached through: Scot S. Farthing, Esq. Farthing Legal, PC 490 West Monroe St. Wytheville, VA 24382 Telephone: (276) 625-0222 Email: scot@farthing.legal About The Rental Hub Inc. The Rental Hub, Inc., a Virginia corporation, operates an equipment rental business in Wytheville and Chilhowie, Virginia, offering rentals of aerial work platforms, earthmoving machinery, concrete and masonry tools, lawn and landscape equipment, generators, and pumps, as well as party rental services, retail sales, and used equipment. The company also provides dumpsters, surface preparation equipment, forestry and tree removal tools, and trucks and trailers, carrying brands such as Suburban Propane, Interstate Batteries, Echo Outdoor Power Equipment, Epiroc, and Liquitube. Its services span construction, landscaping, event, and general equipment rental markets. The Rental Hub, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Va. Case No. 26-70176) on Feb. 23, 2026. In the petition signed by Michael L. Hubble, president and sole director, the Debtor disclosed $2,141,890 in total assets and $2,034,772 in total liabilities. Judge Paul M. Black oversees the case. The Debtor tapped Scot S. Farthing, Esq., at Farthing Legal, PC as counsel. RLG HOLDING: New Mountain Marks $4.1M 1L Loan at 37% Off -------------------------------------------------------- New Mountain Finance Corp. has marked its $4,163,000 loan extended to RLG Holdings, LLC to market at $2,613,000 or 63% of the outstanding amount, according to New Mountain's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a first lien loan extended to RLG Holdings, LLC. The Loan accrues interest at a rate of 8.72% per annum. The Loan matures on July 2028. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About RLG Holdings, LLC RLG Holdings, LLC operates as a holding company. The Company, through its subsidiaries, offers packaging for pressure sensitive, sustainable products, smart labels, shrink sleeves, security and flexible packaging, cut, and stack, as well as printing, label, and designing services. RLG HOLDING: New Mountain Marks $7.1M 1L Loan at 38% Off -------------------------------------------------------- New Mountain Finance Corp. has marked its $7,184,000 loan extended to RLG Holdings, LLC to market at $4,419,000 or 62% of the outstanding amount, according to New Mountain's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. New Mountain Finance Corp is a participant in a first lien loan extended to RLG Holdings, LLC. The Loan accrues interest at a rate of 8.08% per annum. The Loan matures on July 2028. New Mountain Finance Corp. (NMFC) is a Delaware corporation that was originally incorporated on June 29, 2010 and completed its initial public offering on May 19, 2011. NMFC is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. NMFC has elected to be treated, and intends to comply with the requirements to continue to qualify annually. NMFC has raised approximately $1,034,550 in net proceeds from additional offerings of its common stock. The Fund is led by John R. Kline as President, Chief Executive Officer (Principal Executive Officer) and Director and Kris Corbett as Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer). The Fund can be reached at: John R. Kline New Mountain Finance Corporation 1633 Broadway, 48th Floor New York, NY 10019 Telephone: (212) 720-0300 About RLG Holdings, LLC RLG Holdings, LLC operates as a holding company. The Company, through its subsidiaries, offers packaging for pressure sensitive, sustainable products, smart labels, shrink sleeves, security and flexible packaging, cut, and stack, as well as printing, label, and designing services. RM IMAGING: Seeks to Hire Behar Gutt & Glazer as Legal Counsel -------------------------------------------------------------- RM Imaging, Inc. seeks approval from the U.S. Bankruptcy Court for the Southern District of Florida to employ Behar, Gutt & Glazer, PA as counsel. The firm will render these services: (a) advise the Debtor with respect to its powers and duties and the continued management of its business operations; (b) advise the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with rules of the Court; (c) prepare legal documens necessary in the administration of the case; and (d) protect the interests of the Debtor with its creditors in the preparation of a Chapter 11 Plan. The firm's counsel and staff will be paid at these hourly rates: Partners $610 Associates $450 Paralegals $275 In addition, the firm will seek reimbursement for expenses incurred. The firm received a pre-petition retainer of $17,000 from the Debtor. Brian Behar, Esq., an attorney at Behar, Gutt & Glazer, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Brian S. Behar, Esq. Behar, Gutt & Glazer PA 1855 Griffin Road Fort Lauderdale, FL 33004 Email: bsb@bgglaw.com About RM Imaging Inc. RM Imaging, Inc. operates a medical diagnostic center. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 26-11368) on February 2, 2026. In the petition signed by Rachel Magro, president, the Debtor disclosed up to $100,000 in assets and up to $500,000 in liabilities. Brian S. Behar, Esq., at Behar, Gutt & Glazer PA represents the Debtor as counsel. ROBERT BAS LAW: Hires Carmody MacDonald as Bankruptcy Counsel ------------------------------------------------------------- Robert Bas Law Office, Corp. seeks approval from the U.S. Bankruptcy Court for the Southern District of Illinois to hire Carmody MacDonald P.C. as bankruptcy counsel. The firm's services include: a. advising Debtor with respect to its rights, power, and duties in this Chapter 11 Case; b. assisting and advising Debtor in its consultations with any appointed committee related to the administration of this Chapter 11 Case; c. assisting Debtor in analyzing the claims of creditors and negotiating with such creditors; d. assisting Debtor with investigation of the assets, liabilities, and financial condition of Debtor and reorganizing Debtor's business in order to maximize the value of Debtor's assets for the benefit of all creditors; e. advising Debtor in connection with the sale of assets or business; f. assisting Debtor in its analysis of and negotiation with any appointed committee or any third-party concerning matters related to, among other things, the terms of a plan of reorganization; g. assisting and advising Debtor with respect to any communications with the general creditor body regarding significant matters in this Chapter 11 Case; h. commencing and prosecuting necessary and appropriate actions and/or proceedings on behalf of Debtor; i. reviewing, analyzing, or preparing, on behalf of Debtor, all necessary applications, motions, answers, orders, reports, schedules, pleadings, and other documents; j. representing Debtor at all hearings and other proceedings; k. conferring with other professional advisors retained by Debtor in providing advice to Debtor; l. performing all other necessary legal services in this Chapter 11 Case as may be requested by Debtor; and m. assisting and advising Debtor regarding pending arbitration and litigation matters in which Debtor may be involved, including continued prosecution or defense of actions and/or negotiations on Debtor's behalf. The firm's hourly billing rates are: Partners $310 to $650 Associates $280 to $375 Paralegals/Law Clerks $150 to $250 The firm is holding a retainer of $2,754.98. Carmody MacDonald P.C. does not hold or represent any interest adverse to Debtor's estate, and is a "disinterested person" as that phrase is defined in section 101(14) of the Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy Code, according to court filings. The firm can be reached through: Robert E. Eggmann, Esq. Nathan R. Wallace, Esq. Carmody MacDonald P.C. 120 South Central Avenue, Suite 1800 St. Louis, MO 63105 Tel: (314) 854-8600 Fax: (314) 854-8660 Email: ree@carmodymacdonald.com nrw@carmodymacdonald.com About Robert Bas Law Office, Corp. Robert Bas Law Office, Corp., based in Illinois, provides full-service criminal defense representation in both state and federal courts, handling cases ranging from DUI, drug offenses, and driving violations to violent crimes such as aggravated battery, burglary, and murder. Robert Bas Law Office, Corp. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30133) on February 20, 2026, listing $191,416 in assets and $1,437,026 in liabilities. The petition was signed by Robert Bas as president. Judge Mary E Lopinot presides over the case. Robert Eggmann, Esq. at CARMODY MACDONALD P.C. serves as the Debtor's bankruptcy counsel. ROBERT BAS: Steven Wallace Named Subchapter V Trustee ----------------------------------------------------- The Acting U.S. Trustee for Region 13 appointed Steven Wallace as Subchapter V trustee for Robert Bas Law Office, Corp. Mr. Wallace will be paid an hourly fee of $425 for his services as Subchapter V trustee and will be reimbursed for work-related expenses incurred. Mr. Wallace declared that he is a disinterested person according to Section 101(14) of the Bankruptcy Code. The Subchapter V trustee can be reached at: Steven M. Wallace Goldenberg Heller & Antognoli P.C. 2227 South State Route 157 Edwardsville, Illinois 62025 Telephone: (618) 656-5150 Facsimile: (618) 656-6230 Email: steven@ghalaw.com About Robert Bas Law Office Corp. Robert Bas Law Office, Corp. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ill. Case No. 26-30133) on February 20, 2026, with $100,001 to $500,000 in assets and $1,000,001 to $10 million in liabilities. Judge Mary E. Lopinot presides over the case. Nathan R. Wallace, Esq., at Carmody Macdonald PC represents the Debtor as legal counsel. ROSE RENTAL: Seeks to Sell Brighton Drive Property for $147K ------------------------------------------------------------ Rose Rental Properties, LLC, seeks permission from the U.S. Bankruptcy Court for the Southern District of Mississippi, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 128 N Brighton Drive, Jackson, MS 39211, which includes the house and land that is mortgaged by Citizens National Bank, and more particularly described as: Lot 61 North Brighton Pt 3 The Debtor employs Victoria Prowant as realtor to list the Debtor's properties. The Debtor wishes to sell the property for $147,900.00 and that the loan with Creditor should be paid from the proceeds after all closing costs and provisions have been paid. The Debtor seeks to pay the following closing costs and provisions: a. Commission to Sellers agent in the amount of 2.5% of Gross Sales Price. b. Commission to Buyers agent in the amount of 2.5%% of Gross Sales Price. c. Kitchen refrigerator will remain with property, at no additional value or cost. d. All taxes, rents, utilities, and other assessments and appropriate Property Owners Fees to be prorated as of the date of closing. e. If Homestead is not filed for year of closing, Seller to pay difference in tax amount. f. Range, washer and dryer, dishwasher, oven and microwave are to remain with the property. These items have no value. The expected closing date is March 25, 2026. The offer is subject to Conventional loan approval and that to the extent the purchase agreement contains a financing contingency, proof of pre-approval or pre-qualification shall be provided to Creditor within seven days of entry of an Order on the Motion, and a firm loan commitment shall be provided within 30 days of entry of an Order. If the contract were to fail for any reason other than the Seller's default, the $1,000.00 earnest money shall be forfeited to Creditor. The Debtor shall provide Creditor with the proposed settlement statement, deed, title commitment, and payoff statement no later than 48 hours prior to closing, or as soon as reasonably practicable given the timing of final figures in residential transactions. The Debtor seeks to sell the property free and clear of all liens, claims, interests, and encumbrances. All net sale proceeds, after payment of prorated ad valorem taxes and court approved closing costs, shall be paid directly to Creditor through the closing agent at closing by wire transfer or cashier's check and shall not be held by the Debtor or Debtor's counsel. About Rose Rental Properties, LLC Rose Rental Properties, LLC is a Mississippi-based real estate rental business that operates from Jackson and is associated with residential property activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-03091) on December 4, 2025. In the petition signed by Jerrick W Rose, member-manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jamie A. Wilson oversees the case. Thomas C. Rollins, Jr., Esq., at THE ROLLINS LAW FIRM, PLLC, represents the Debtor as legal counsel. ROSE RENTAL: Seeks to Sell Vine Lane Property for $214K ------------------------------------------------------- Rose Rental Properties, LLC seeks permission from the U.S. Bankruptcy Court for the Southern District of Mississippi, to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor's Property is located at 100 Vine Lane, Brandon, MS 39046, which include the house and land that is mortgaged by Citizens National Bank, more particularly described as: Lot 46 Turtle Creek Sub DB 352 Pg 473 0071177. The Debtor employs Victoria Prowant as realtor to list the Debtor's properties. The Debtor wishes to sell the property for $214,900.00 and that the loan with Creditor should be paid from the proceeds after all closing costs and provisions have been paid. The Debtor seeks to pay the following closing costs and provisions: a. Commission to Sellers agent in the amount of 2.5% of Gross Sales Price. b. Commission to Buyers agent in the amount of 3% of Gross Sales Price. c. Kitchen refrigerator will remain with property, at no additional value or cost. d. All taxes, rents, utilities, and other assessments and appropriate Property Owners Fees to be prorated as of the date of closing. e. If Homestead is not filed for year of closing, Seller to pay difference in tax amount. The expected closing date is March 31, 2026. The offer is subject to FHA loan approval and to the extent the purchase agreement contains a financing contingency, proof of pre-approval or pre-qualification shall be provided to Creditor within seven days of entry of an Order. If the contract were to fail for any reason other than the Seller's default, the $1,500.00 earnest money shall be forfeited to Creditor. The Debtor shall provide Creditor with the proposed settlement statement, deed, title commitment, and payoff statement no later than 48 hours prior to closing, or as soon as reasonably practicable given the timing of final figures in residential transactions. The Debtor seeks to sell the property free and clear of all liens, claims, interests, and encumbrances. All net sale proceeds, after payment of prorated ad valorem taxes and court approved closing costs, shall be paid directly to Creditor through the closing agent at closing by wire transfer or cashier's check and shall not be held by the Debtor or Debtor’s counsel. About Rose Rental Properties, LLC Rose Rental Properties, LLC is a Mississippi-based real estate rental business that operates from Jackson and is associated with residential property activities. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No. 25-03091) on December 4, 2025. In the petition signed by Jerrick W Rose, member-manager, the Debtor disclosed up to $10 million in both assets and liabilities. Judge Jamie A. Wilson oversees the case. Thomas C. Rollins, Jr., Esq., at THE ROLLINS LAW FIRM, PLLC, represents the Debtor as legal counsel. S EASTERN BLVD: Seeks to Hire Buckmiller & Frost as Legal Counsel ----------------------------------------------------------------- S Eastern Blvd Investments, LLC seeks approval from the U.S. Bankruptcy Court for the Eastern District of North Carolina to employ Buckmiller & Frost, PLLC as counsel. The firm will provide these services: (a) undertake any and all steps and actions necessary to authorize the use of cash collateral pursuant to Section 363 of the Bankruptcy Code, if applicable; (b) advise the Debtor with respect to its powers and duties in the continued management, operation, and reorganization of its business; (c) review any and all claims asserted against the Debtor by their creditors, equity holders, and parties in interest; (d) represent the Debtor's interests at the meeting of creditors under Section 341 of the Bankruptcy Code 341 Meeting Bankruptcy Case before the Court related to it; (e) attend any meetings, conferences, and negotiations with representatives of creditors and other parties in interest; (f) review and examine, if necessary, any and all transfers which may be avoided a preferential or fraudulent transfers under the appropriate provisions of the Bankruptcy Code; (g) take any and all necessary actions to protect and preserve the Debtor's bankruptcy estate; (h) prepare, on behalf of the Debtor, all legal papers necessary to the administration of the bankruptcy estate; (i) prepare, on behalf of the Debtor, any plan of reorganization, disclosure statement, and all related agreements and/or documents, and take any necessary actions on its behalf to obtain confirmation of such plan of reorganization and approval of such disclosure statement; (j) represent the Debtor in connection with any potential post-petition financing; (k) advise the Debtor in connection with the sale or liquidation, if applicable, of any assets and property to third parties; (j) appear before the Court, or any such appellate court, and the Office of the Bankruptcy Administrator to protect the interests of the Debtor and the bankruptcy estate; (k) represent the Debtor with respect to any general, corporate, or transactional matters that arise during the course of the administration of the bankruptcy case; and (l) assist and advise the Debtor with respect to negotiation, documentation, implementation, consummation, and closing of any corporate transactions, including any sales of assets, in the bankruptcy case. The firm's counsel and staff will be paid at these hourly rates: Matthew Buckmiller, Attorney $450 Joseph Frost, Attorney $400 Yorlibeth Martinez, Attorney $300 Justin Sinnott, Attorney $250 Paralegals, Law Clerks, Staff $65 - $160 In addition, the firm will seek reimbursement for expenses incurred. The firm received an aggregate retainer in the amount of $16,738, which was paid on October 28, 2025 by the Debtor. Mr. Frost disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Joseph Z. Frost, Esq. Buckmiller & Frost, PLLC 4700 Six Forks Road, Suite 150 Raleigh, NC 27609 Telephone: (919) 296-5040 Facsimile: (919) 977-7101 Email: jfrost@bbflawfirm.com About S Eastern Blvd Investments LLC S Eastern Blvd Investments, LLC filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 26-00578) on February 6, 2026, with between $1 million and $10 million in both assets and liabilities. Judge David M. Warren oversees the case. Joseph Zachary Frost, Esq., at Buckmiller & Frost, PLLC represents the Debtor as counsel. SAKS GLOBAL: Argues with Simon Properties on Store Leases Fate -------------------------------------------------------------- Rick Archer of Law360 Bankruptcy Authority reports that Simon Property Group and Saks Global clashed in Texas bankruptcy court Monday over the wording of a 2024 investment pact, asking the judge to resolve a dispute that could define their respective rights in the retailer's Chapter 11 proceedings. The conflict turns on how certain contractual provisions should be construed following changes to Saks' financial structure. Simon asserted that the agreement grants it enforceable protections designed to shield its capital contribution and influence major corporate actions. Saks argued that Simon's reading is overly rigid and fails to account for the realities of bankruptcy, where restructuring measures may modify prepetition arrangements. In weighing the arguments, the judge examined whether the contested provisions remain fully enforceable or are subject to adjustment under bankruptcy law. The decision will help determine the scope of Simon's authority and the retailer’s ability to execute its turnaround plan. About Saks Global Enterprises LLC Saks Global is the largest multi-brand luxury retailer in the world, comprising Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow. Its retail portfolio includes 70 full-line luxury locations, additional off-price locations and five distinct e-commerce experiences. With talented colleagues focused on delivering on our strategic vision, The Art of You, Saks Global is redefining luxury shopping by offering each customer a personalized experience that is unmistakably their own. By leveraging the most comprehensive luxury customer data platform in North America, cutting-edge technology, and strong partnerships with the world's most esteemed brands, Saks Global is shaping the future of luxury retail. Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties and represents nearly 13 million square feet of prime U.S. real estate holdings and investments in luxury markets. On Jan. 13, 2026, and Jan. 14, 2026, Saks Global Enterprises, LLC and 112 affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 26-90103). The jointly administered cases are pending before the Honorable Alfredo R. Perez. Willkie Farr & Gallagher LLP and Haynes and Boone, LLP are serving as legal counsel, PJT Partners LP is serving as an investment banker, Berkeley Research Group is serving as the financial advisor, and C Street Advisory Group is serving as a strategic communications advisor to the Company. Stretto is the claim agent. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel, Lazard Freres & Co, LLC is serving as investment banker, FTI Consulting, Inc. is serving as financial advisor, and Kekst and Company, Inc., is serving as a strategic communications advisor toan ad hoc group of debt holders. Hilco Global Professional Services, LLC, is the real property advisor to the Ad Hoc Group. Bank of America, N.A., is the administrative agent and collateral agent under the $1.5 billion asset-based revolving credit facility. U.S. Bank Trust Company, National Association, is the administrative agent and collateral agent under the $2.56 billion SGUS DIP Facility, a term loan facility with new money and roll-up components. U.S. Bank is also the agent under the $1.75 billion OpCo DIP Facility, a term loan facility to be used for refinancing existing debt. Barclays Bank, PLC serves as the fronting lender of the SGUS First Out DIP Loans. It is advised by Dentons US LLP. Otterbourg P.C., Morgan, Lewis & Bockius LLP, and Norton Rose Fulbright US LLP serves as counsel to the ABL DIP Agent; M3 Advisory Partners, LP, is the financial advisor to the ABL DIP Agent; and Great American serves as its inventory valuation consultant. Seward & Kissel LLP serves as counsel to the SGUS DIP Agent. On January 27, 2026, the U.S. Trustee for Region 7 appointed an official committee to represent unsecured creditors in the Debtors' Chapter 11 cases. SHANNON WIND: Hires Bradley Arant Boult Cummings LLP as Attorney ---------------------------------------------------------------- Shannon Wind LLC seeks approval from the U.S. Bankruptcy Court for the Southern District of Texas to hire Bradley Arant Boult Cummings LLP as attorneys. The firm will render these services: a. take all necessary action to protect and preserve the Debtor's estate, including the prosecution of actions on the Debtor's behalf, the defense of any actions commenced against the Debtor, the negotiation of disputes in which the Debtor is involved and the preparation of objections to claims filed against the Debtor's estate; b. prepare on behalf of the Debtor, as debtor-in-possession, all necessary motions, applications, answers, orders, reports, and other papers in connection with the administration of the Debtor's estate; c. take all necessary actions in connection with any chapter 11 plan and related disclosure statement and all related documents, and such further actions as may be required in connection with the administration of the Debtor's estate; d. take all necessary actions in connection with any sale of the Debtor's assets pursuant to section 363 of the Bankruptcy Code; e. take all necessary actions to protect and preserve the value of the Debtor's estate; and f. perform all other necessary legal services in connection with the prosecution of this chapter 11 case. Bradley's standard hourly rates are: Partners/Counsel $980 to $666 Associates $655 to $535.50 Paraprofessionals $397 Bradley received payments and advances in the aggregate amount of $362,046.86. The firm will also be reimbursed for reasonable out-of-pocket expenses incurred. Jarrod B. Martin, a partner of Bradley, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached at: Jarrod B. Martin, Esq. Bradley Arant Boult Cummings LLP JPMorgan Chase Tower 600 Travis Street, Suite 5600 Houston, TX 77002 Telephone: (713) 576-0388 Facsimile: (713) 576-0301 Email: jbmartin@bradley.com About Shannon Wind, LLC Shannon Wind LLC develops and owns the Shannon Wind project, a utility-scale wind farm in Clay County, Texas, generating approximately 204 megawatts of electricity from wind turbines. The Company manages construction, commercial operations, and overall project oversight for the renewable energy facility. Shannon Wind, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 26-90124) on January 25, 2026. In its petition, the Debtor reports estimated assets and liabilities between $100 million and $500 million. Honorable Bankruptcy Judge Alfredo R. Perez handles the case. The Debtor is represented by Jarrod B. Martin, Esq. of BRADLEY ARANT BOULT CUMMINGS LLP. The Debtor's financial advisor is ACCORDION PARTNERS, LLC, its investment banker is NOMURA SECURITIES INTERNATIONAL, INC., its valuator is KPMG LLP. The Debtor's notices, claims, solicitation and balloting agent and administrative advisor is KURTZMAN CARSON CONSULTANTS, LLC d/b/a VERITA GLOBAL. SLEEP QUARTERS: Court OKs Ennis Property Sale to Equity Investment ------------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, has granted Sleep Quarters Plus Inc. to sell Property, free and clear of liens, claims, interests, and encumbrances. The Debtor is the owner of 2.456 acres of improved real property located at 2400 W. Ennis Ave., Ennis, Texas 75117. The Debtor is authorized to sell the Property to Equity Investment Acquisitions, LLC, for the price of $975,000.00. The Debtor is authorized to fully perform all terms and conditions of the Contract, together with all additional instruments and documents which may be reasonably necessary, convenient or desirable in performing under the Contract, and to take any and all further actions as may be necessary or appropriate in performing the obligations as contemplated by the Contract. Citizens National Bank of Texas will be paid all of the sales proceeds less the title company fees, real estate commissions, ad valorem and personal property taxes and any other reasonable and necessary closing costs at closing. The liens of the taxing authorities shall be paid in full from the sale proceeds at closing and the taxing authorities' liens for 2026 shall remain affixed to the Property. The real estate firms of Tero Texas for the Debtor and Elysian Realty, LLC for the Buyer will each receive a sales commission of 3% of the gross sales price at closing. The total sales commission will not exceed 6%. The Buyer, as transferee of the Property, is a good faith purchaser. About Sleep Quarters Plus Inc. Sleep Quarters Plus, Inc. specializes in the retail distribution of mattresses, bedding essentials, and bedroom furnishings. Based in Texas, the company offers an assortment of sleep-related products through its retail outlets, catering to customers looking for value-oriented and quality bedding options. Sleep Quarters Plus filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No. 25-34803) on December 2, 2025. In its petition, the Debtor reports estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Honorable Bankruptcy Judge Scott W. Everett handles the case. The Debtor is represented by Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC. SOUTH TOWN: U.S. Trustee Unable to Appoint Committee ---------------------------------------------------- The U.S. Trustee for Region 9 disclosed in a court filing that no official committee of unsecured creditors has been appointed in the Chapter 11 case of South Town by 4M, LLC. About South Town By 4M LLC South Town by 4M, LLC, a company in Ann Arbor, Mich., provides services related to real estate, including property management and other real estate support activities, operating within the NAICS 5313 classification. South Town By 4M sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Mich. Case No. 26-40805) on January 27, 2026. In its petition, the Debtor reported assets of between $50 million and $100 million and liabilities of between $10 million and $50 million. Honorable Bankruptcy Judge Lisa S. Gretchko handles the case. The Debtor is represented by Kimberly Ross Clayson, Esq., at Taft Stettinius & Hollister, LLP. SOUTHERN TIRE: Seeks to Hire William G. Haeberle as Accountant -------------------------------------------------------------- Southern Tire and Fleet Service, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ William G. Haeberle, CPA, PLLC as accountant. The Debtor needs an accountant to prepare its monthly operating reports and perform other accounting services. Mr. Haeberle will charge $250 per hour for the preparation of due tax returns. The accountant received a retainer of $1,500 from the Debtor. Mr. Haeberle disclosed in a court filing that his firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: William G. Haeberle, CPA William G. Haeberle, CPA, PLLC 4446-1A, Suite 245 Jacksonville, FL 32207 Telephone: (904) 245-1304 About Southern Tire and Fleet Service Southern Tire and Fleet Service, LLC, a company in Jacksonville, Florida, provides tire sales and services, emergency roadside assistance, and fleet maintenance for trucks and trailers, including tire repair, brake services, hubs, and wheel seals. Southern Tire and Fleet Service filed a petition under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 25-04762) on December 23, 2025, with $256,751 in assets and $1,160,257 in liabilities. Jason Cobb, member, signed the petition. Judge Jason A. Burgess oversees the case. The Debtor tapped Thomas Adam, Esq., at Adam Law Group, PA as counsel and William G. Haeberle, CPA, PLLC as accountant. STEVEN GERALD PAPERMASTER: Homestead Exemption Capped at $214,000 ----------------------------------------------------------------- Judge Christopher G. Bradley of the U.S. Bankruptcy Court for the Western District of Texas granted the objection filed by creditors Race the Cresting Curl LLC and Leap of Ruleset LLC to Steven Gerald Papermaster's homestead exemption. Judge Bradley says the Debtor's homestead exemption in 96 Pascal Lane, Austin, Texas, 78746 is capped at $214,000. The Debtor elected to claim state exemptions under 11 U.S.C. Sec. 522(b)(3). He listed an interest in 96 Pascal Lane on his Schedule A/B with a value of $12,110,782.00. The property is encumbered by a $4,000,000.00 lien held by Frost Bank and an $88,000.00 tax lien held by Travis County. His Schedule C claims a homestead exemption worth the remaining $8,022,782.00 of equity in the property. On November 24, 2025, Race and Leap timely filed their Objection, arguing that Mr. Papermaster's homestead exemption should be capped at $214,000 under 11 U.S.C. Sec. 522(q)(1)(B)(i) because he owes them a debt arising from securities fraud. In 2020, Race and Leap sued Mr. Papermaster in state court for violations of the Texas Securities Act, fraud, statutory fraud, and unjust enrichment. Each of these claims emerged essentially from the same conduct. Mr. Papermaster was claimed to have induced Race and Leap to invest in his company, Nano Global Corp, based on false information about Nano's current and future business prospects. A consent judgment entered in the state court case awards Race judgment on its claims asserted in this cause against Mr. Papermaster and also awards Leap judgment on its claims asserted in this cause against Mr. Papermaster. The amount of the judgment is $5,678,196.99 for Race and $5,924,500.74 for Leap. These debts are listed in Mr. Papermaster's bankruptcy schedules and are not listed as disputed. Mr. Papermaster argues that because the consent judgment lacks specific, subordinate findings, it cannot have a preclusive effect in the Bankruptcy Court. Instead, he wants the Court to hold its own evidentiary hearing to try the issue of whether the debts he owes to Race and Leap in fact arise from securities violations. According to Judge Bradley, "The state court judgment against Mr. Papermaster is unambiguous. It specifically awards judgment to Race and Leap on their claims asserted in this cause against Defendant Steven G. Papermaster. It does not leave any room for doubt that judgment was entered for Race and Leap and against Mr. Papermaster on each claim that each plaintiff asserted against him in the lawsuit, including each claim for violations of the Texas Securities Act. Because a claim for violations of the Texas Securities Act is a violation of State securities laws, Mr. Papermaster necessarily owes a debt arising from a violation of state securities laws." In sum, Race and Leap successfully met their burden and proved by a preponderance of the evidence that Mr. Papermaster owes a debt arising from a violation of state securities laws. Under Sec. 522(q)(1)(B)(i), then, his homestead exemption is limited to the statutory cap of $214,000, the Court concludes. The Court finds the evidence establishes that Mr. Papermaster's homestead is not reasonably necessary, and therefore he is not entitled to exempt any amount above $214,000. Judge Bradley explains, "There is no reason Mr. Papermaster could not downsize to a more affordable home in a more modest neighborhood, especially with the benefit of the $214,000 that the Bankruptcy Code still allows him. He receives a very large (albeit unexplained) income and did not provide any convincing evidence that he could not earn money if needed. Race and Leap easily met their burden and proved that the exemption is not reasonably necessary for Mr. Papermaster's support or that of his non-filing wife." A copy of the Court's Memorandum Opinion dated March 2, 2026, is available at https://urlcurt.com/u?l=JDDCpo Steven Papermaster filed for Chapter 11 bankruptcy protection (Bankr. W.D. Tex. Case No. 25-11564) on October 7, 2025, listing under $1 million in both assets and liabilities. The Debtor is represented by Frank Lyon, Esq. STG LOGISTICS: Deadline to File Claims Set for March 12, 2026 ------------------------------------------------------------- The U.S. Bankruptcy Court for the District of New Jersey set March 12, 2026, at 5:00 p.m. (prevailing Eastern Time) as the last date and time for creditors of STG Logistics Inc. and its debtor-affiliates to file proofs of claim against the Debtors. Each Proof of Claim, including supporting documentation, must be submitted so that the Claims and Noticing Agent actually receives the Proof of Claim on or before the applicable Bar Date by: i) electronically using the interface available on the Claims and Noticing Agent's website at https://dm.epiq11.com/STGLogistics, ii) first-class U.S. Mail, which Proof of Claim must include an original signature, at the following address: STG Logistics, Inc. Claims Processing Center c/o Epiq Corporate Restructuring, LLC P.O. Box 4419 Beaverton, OR 97076-4419 or iii) overnight mail, or other hand-delivery system, which Proof of Claim must include an original signature, at the following address: STG Logistics, Inc. Claims Processing Center c/o Epiq Corporate Restructuring, LLC 10300 SW Allen Blvd. Beaverton, OR 97005. Each Proof of Claim must specify by name and case number the Debtor against which the Claim is submitted by selecting the applicable Debtor at the top of a proposed Proof of Claim Form. A Proof of Claim submitted under Case No. 26-10258 (MEH) or that does not identify a Debtor will be deemed as submitted only against STG Logistics, Inc. A Proof of Claim that names a subsidiary Debtor but is submitted under Case No. 26-10258 (MEH) will be treated as having been submitted against the subsidiary Debtor with a notation that a discrepancy in the submission exists; Additional Proof of Claim Forms may be obtained by contacting the Debtors' notice and claims agent, Epiq Corporate Restructuring, LLC, by calling (877) 702-9718 for callers in the United States or Canada or by calling +1 (971) 385-5935 for callers outside the United States or Canada and/or visiting the Debtors' restructuring website at: https://dm.epiq11.com/STGLogistics. About STG Logistics STG Logistics Inc. is a North American logistics and supply chain solutions provider, known as the largest fully integrated port-to-door service provider in the United States and Canada. STG Logistics Inc. and several affiliated entities sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 26-10258) on January 12, 2026. In its petition, STG Logistics Inc. listed up to $10 billion in both assets and liabilities. The Honorable Bankruptcy Judge Mark Edward Hall handles the case. Kirkland & Ellis LLP serves as the Debtors' general bankruptcy counsel; Cole Schotz P.C., as their local bankruptcy counsel; AlixPartners, LLP, as their financial advisor; PJT Partners LP, as investment banker; and Epiq Corporate Restructuring, LLC, as their claims, noticing, and solicitation agent and administrative advisor. White & Case LLP, serves as independent counsel to Reception Holdings, L.P., Reception Mezzanine Holdings, LLC, and Reception Purchaser LLC, acting at the direction of each of the Special Committees. Wilmington Savings Fund Society, FSB, serves as agent for the DIP Lenders and is advised by ArentFox Schiff. The ad hoc group of existing lenders is represented by Gibson, Dunn & Crutcher LLP as legal counsel and Evercore Group L.L.C., as financial advisor. STROMA MEDICAL: Seeks Approval to Hire Bayard as Conflicts Counsel ------------------------------------------------------------------ Stroma Medical Corporation seeks approval from the U.S. Bankruptcy Court for the District of Delaware to employ Bayard, PA as conflicts counsel. The firm's services include: (a) advise the Debtor in connection with the legal aspects of any issues related to insurance coverage; (b) research, prepare, file, and litigate a complaint with respect such insurance coverage issues with the Delaware Superior Court; (c) research, prepare, file,and litigate with this Court insurance coverage issues; and (d) perform any other necessary legal services in connection with insurance coverage issues. The firm's counsel and staff will be paid at these hourly rates: Ericka Johnson, Attorney $895 Kevin Collins, Attorney $775 Sarah Andrade, Attorney $750 Ashly Riches, Attorney $475 Joshua Tufts, Attorney $475 Paraprofessionals $265 - $385 In addition, the firm will seek reimbursement for expenses incurred. The firm received a total retainer of $35,000 from Gregg Homer, a third-party. Ms. Johnson disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Ericka F. Johnson, Esq. Bayard, PA 600 N. King Street, Suite 400 Wilmington, DE 19801 Telephone: (302) 655-5000 Facsimile: (302) 658-6395 About Stroma Medical Corporation Stroma Medical Corporation, based in Irvine, California, is a clinical-stage medical device company that has developed the Stroma Laser System, a patented, non-invasive laser technology designed to change eye color from brown, hazel, or black to amber, hazel, grey/blue, blue, or green. The procedure is performed in a doctor's office using only a topical anesthetic, requires minimal recovery time, and takes less than a minute per eye. Stroma markets its system for lease to refractive surgeons worldwide and targets the unmet global demand for permanent eye-color change among consumers seeking a safe and natural-looking result. The Debtor sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 25-12169) on Dec. 8, 2025, with $1 million to $10 million in assets and liabilities. Gregg Homer, executive chairman, signed the petition. Judge J. Kate Stickles oversees the case. The Debtor tapped Jamie Lynne Edmonson, Esq., at Robinson & Cole LLP as bankruptcy counsel and Ericka F. Johnson, Esq., at Bayard, PA as conflicts counsel. STRUCTURE INDUSTRIES: Hires Weinberg Gross & Pergament as Counsel ----------------------------------------------------------------- Structure Industries, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of New York to hire Weinberg, Gross, & Pergament, LLP as counsel. The firm will provide these services: (a) preparing legal advice with respect to the powers and duties of the Debtor-in-Possession in the continued management of its business and property; (b) representing the Debtor before the Bankruptcy Court and at all hearings on matters pertaining to its affairs, as Debtor-in-Possession, including prosecuting and defending litigated matters that may arise during the Chapter 11 case; (c) advising and assisting the Debtor in the preparation and negotiation of a Plan of Reorganization with its creditors; (d) preparing all necessary or desirable applications, answers, orders, reports, documents and other legal papers; and (e) performing all other legal services for the Debtor which may be desirable and necessary. The firm's standard billing rates are: Partners $675 per hour Senior Associates $575 to $650 per hour Associates $475 per hour Paralegals $120 per hour According to court filings, Weinberg, Gross & Pergament LLP has no connection with the Debtor, its creditors, or any other party in interest and does not hold or represent any interest adverse to the Debtor or its estate. The firm is a disinterested person within the meaning of Section 101 of the Bankruptcy Code. The firm can be reached at: Marc A. Pergament, Esq. WEINBERG, GROSS & PERGAMENT LLP 400 Garden City Plaza, Suite 309 Garden City, NY 11530 Tel: (516) 877-2424 Fax: (516) 877-2460 E-mail: mpergament@wgplaw.com About Structure Industries, Inc. Structure Industries, Inc. sought protection for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 26-70679) on February 18, 2026, listing up to $50,000 in assets and $100,001 to $500,000 in liabilities. Judge Sheryl P. Giugliano presides over the case. Marc A Pergament, Esq. at Weinberg, Gross, & Pergament, LLP represents the Debtor as counsel. SUMMIT BIDCO: Carlyle Secured Marks CA$556,000 1L Loan at 28% Off ----------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its CA$556,000 loan extended to Summit Bidco, Inc. (Canada) to market at CA$399,000 or 72% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a fist lien loan extended to Summit Bidco, Inc. (Canada). The loan accrues interest at a rate of 7.21% per annum. The loan matures on Oct. 1, 2032. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Summit Bidco, Inc. (Canada) Summit Bidco, Inc. (Canada) operates in the diversified financial services sector, providing a range of financial products or services. T.C.'S GRILL: Case Summary & 13 Unsecured Creditors --------------------------------------------------- Debtor: T.C.'s Grill, Inc. d/b/a T.C.'s Grill d/b/a Local Joe's Cafe 2514 Old Niles Ferry Road Maryville, TN 37803 Business Description: T.C.'s Grill, Inc., doing business as T.C.'s Grill and Local Joe's Cafe, is a Maryville, Tennessee-based restaurant company operating casual dining locations in Maryville and Mt. Juliet, offering American and Southern-style cuisine across breakfast, lunch, and dinner with a focus on classic comfort foods. Chapter 11 Petition Date: February 28, 2026 Court: United States Bankruptcy Court Eastern District of Tennessee Case No.: 26-30338 Judge: Hon. Suzanne H Bauknight Debtor's Counsel: Kelli D. Holmes, Esq. TARPY, COX, FLEISHMAN & LEVEILLE, PLLC 1111 N Northshore Dr., Suite N-290 Knoxville, TN 37919 Tel: (865) 588-1096 Fax: (865) 588-1171 E-mail: kholmes@tcflattorneys.com Estimated Assets: $500,000 to $1 million Estimated Liabilities: $1 million to $10 million The petition was signed by Steven Nelson as owner. A copy of the Debtor's list of its 13 unsecured creditors is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UQKK73Y/TCs_Grill_Inc__tnebke-26-30338__0003.0.pdf?mcid=tGE4TAMA A full-text copy of the petition is available for free on PacerMonitor at: https://www.pacermonitor.com/view/UJKFOZI/TCs_Grill_Inc__tnebke-26-30338__0001.0.pdf?mcid=tGE4TAMA TEZ WINGS: Seeks Approval to Tap Hammond Law Firm as Legal Counsel ------------------------------------------------------------------ Tez Wings, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Hammond Law Firm to handle its Chapter 11 case. The firm will be paid at these hourly rates: Attorneys $550 Legal Assistants and Law Clerks $100 In addition, the firm will seek reimbursement for expenses incurred. Gary Hammond, Esq., an attorney at Hammond Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Gary D. Hammond, Esq. Hammond Law Firm 512 NW 12th Street Oklahoma City, OK 73103 Telephone: (405) 232-6358 Facsimile: (405) 232-6358 Email: gary@okatty.com About Tez Wings LLC Tez Wings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-10518) on Feb. 23, 2026, listing up to $50,000 in estimated assets and up to $1 million in estimated liabilities. The Debtor tapped Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC and Gary D. Hammond, Esq., at Hammond Law Firm as counsel. TEZ WINGS: Seeks to Tap Blackwood Law Firm as Bankruptcy Counsel ---------------------------------------------------------------- Tez Wings, LLC seeks approval from the U.S. Bankruptcy Court for the Western District of Oklahoma to employ Blackwood Law Firm, PLLC to handle its Chapter 11 case. The firm will be paid at these hourly rates: Attorneys $450 Legal Assistants and Law Clerks $100 In addition, the firm will seek reimbursement for expenses incurred. Amanda Blackwood, Esq., an attorney at Blackwood Law Firm, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Amanda R. Blackwood, Esq. Blackwood Law Firm, PLLC 512 NW 12th Street Oklahoma City, OK 73103 Telephone: (405) 309-3600 Facsimile: 9405) 378-4466 Email: amanda@blackwoodlawfirm.com About Tez Wings LLC Tez Wings, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Okla. Case No. 26-10518) on Feb. 23, 2026, listing up to $50,000 in estimated assets and up to $1 million in estimated liabilities. The Debtor tapped Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC and Gary D. Hammond, Esq., at Hammond Law Firm as counsel. TOTAL POWER: Carlyle Secured Marks $13.6MM 1L Loan at 28% Off ------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its CA$13,604,000 loan extended to Total Power Limited (Canada) to market at $9,814,000 or 72% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Total Power Limited (Canada). The loan accrues interest at a rate of 6.76% per annum. The loan matures on July 22, 2030. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Total Power Limited (Canada) Total Power Limited (Canada) operates in the electricity segment of the energy industry, focusing on power generation or related electrical services. TRANSPORTING CARS: Seeks to Tap Ure Law Firm as Bankruptcy Counsel ------------------------------------------------------------------ Transporting Cars Champion, Inc. seeks approval from the U.S. Bankruptcy Court for the Eastern District of California to employ Ure Law Firm as counsel. The firm will render these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirement of the Bankruptcy Code and Bankruptcy Rules relating to the administration of this case and the operation of its estate; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) advise the Debtor and assist with respect to its powers and duties in the continued operation of its business and management of property of the estate; (e) assist the Debtor in the administration of the estate's assets and liabilities; (f) prepare necessary legal documents on behalf of the Debtor; (g) assist in the collection of all accounts receivable and other claims that the Debtor may have and resolve claims against its estate; (h) provide advice, as counsel, concerning the claims of secured and unsecured creditors, prosecution and/or defense of all actions; and (i) prepare, negotiate, prosecute and attain confirmation of a plan of reorganization. The firm's hourly rates are as follows: Thomas B. Ure, Attorney $495 Associates $295 Paralegals $195 Law Clerks $95 In addition, the firm will seek reimbursement for expenses incurred. The firm received a retainer of $16,738 from the Debtor. Mr. Ure disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Telephone: (213) 202-6070 Facsimile: (213) 202-6075 Email: tom@urelawfirm.com About Transporting Cars Champion Inc. Transporting Cars Champion, Inc. operates in the vehicle transportation industry, providing logistics and auto delivery services across California and nationwide. Transporting Cars Champion, Inc. serves dealerships, auto auctions, and individual clients. Transporting Cars Champion filed for Subchapter V of Chapter 11 relief under the U.S. Bankruptcy Code (Bankr. E.D. Cal. Case No. 26-20337) on January 24, 2026. The petition lists estimated assets of $1 million to $10 million and estimated liabilities of $1 million to $10 million. Judge Christopher D. Jaime oversees the case. Thomas B. Ure, Esq., at Ure Law Firm serves as the Debtor's counsel. TRINSEO PLC: S&P Lowers ICR to 'SD' on Deferred Interest Payment ---------------------------------------------------------------- S&P Global Ratings lowered its issuer credit rating on Trinseo PLC to 'SD' from 'CCC', lowered the issue level rating on the 2028 term loan to 'D' from 'CCC' and lowered its issue-level ratings on the senior notes due 2029 to 'D' from 'CC'. S&P also withdraw the issuer credit rating on Trinseo Materials Operating S.C.A. On Feb. 16, 2026, Trinseo PLC via its subsidiaries entered an amendment to extend the grace period for interest payment on its 2028 term loan B to March 19, 2026, which S&P Global Ratings considers to be a distressed exchange. Furthermore, on Feb. 17, 2026, Trinseo PLC via its subsidiary, missed the interest payment on the senior secured notes due 2029. In S&P's view, the company will not make this interest payment during the grace period on this instrument. S&P views this as a selective default by the company. The downgrade reflects the deferred interest payment and change in original terms. The company missed the interest payment on the due date on its 7.625% second-lien secured notes due 2029 by electing to utilize the contractually available 30-day grace period. The grace period is until March 19, 2026, and the interest payment was originally due Feb. 17, 2026. The company is having ongoing discussions with financial stakeholders to restructure its balance sheet. However, this downgrade reflects our expectation that the company will not make the interest payments due on these notes before the end of the stated grace period. Furthermore, the amendment of credit agreement for the senior secured term loan B extends the grace period allowed on the interest payments on this instrument until March 19, 2026. The interest payment on the term loan was due on Feb. 27, 2026, and originally had a five-day grace period, which has now been extended until March 19, 2026. The grace period extension represents a change in original terms without adequate offsetting compensation and thus, in conjunction with S&P's view of the company's unsustainable capital structure, it views this as a distressed exchange. S&P withdraws the issuer credit rating on Trinseo Materials Operating S.C.A. as the entity has merged into Trinseo Holding S.a.r.l. TRIPLE CROWN GOLF: Gets Interim OK to Use Cash Collateral --------------------------------------------------------- Triple Crown Golf Cars, Inc. got the green light from the U.S. Bankruptcy Court for the Eastern District of Kentucky, Lexington Division, to use cash collateral. The court entered an interim order authorizing the Debtor to use cash collateral in accordance with its budget and granting all creditors with an interest in the cash collateral replacement liens, with the same priority as their pre-petition liens. Any party may object to the terms within 14 days after February 26. Any objection must be noticed for hearing on March 25, at 10:00 a.m. If no timely objections are filed, the order may become final and will remain in effect for 60 days from the petition date or until a plan of reorganization is confirmed, whichever occurs first. Triple Crown Golf Cars identifies several secured creditors who may have claims on its cash collateral, including Wells Fargo Financial Leasing, DLL Finance, Club Car, the U.S. Small Business Administration, and CSC as representative of Forward Financing. These claims cover inventory, equipment, receivables, chattel paper, general intangibles, and proceeds of these assets, as outlined in various UCC filings. The order is available at https://is.gd/3xPZde from PacerMonitor.com. About Triple Crown Golf Cars Inc. Triple Crown Golf Cars, Inc. is a Kentucky-based company specializing in the sale, service, and leasing of golf carts and related equipment. Triple Crown Golf Cars, Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-50259) on February 19, 2026. In its petition, the Debtor reports estimated assets of $0-$100,000 and estimated liabilities of $100,001-$1,000,000. Honorable Bankruptcy Judge Douglas L. Lutz handles the case. The Debtor is represented by Noah R. Friend, Esq. of Noah R. Friend Law Firm, PLLC. TRUE VISION: Seeks to Hire Ure Law Firm as Bankruptcy Counsel ------------------------------------------------------------- True Vision Development Inc. seeks approval from the U.S. Bankruptcy Court for the Central District of California to hire Thomas B. Ure of Ure Law Firm to serve as general bankruptcy counsel. Mr. Ure will provide these services: (a) advise the Debtor regarding matters of bankruptcy law and concerning the requirements of the Bankruptcy Code and Bankruptcy Rules relating to the administration of the case and operation of the Debtor's estate as a debtor-in-possession; (b) represent the Debtor in proceedings and hearings in the court involving matters of bankruptcy law; (c) assist in compliance with the requirements of the Office of the United States Trustee; (d) provide legal advice and assistance with respect to the Debtor's powers and duties in the continued operation of the Debtor's business and management of property of the estate; (e) assist in the administration of the estate's assets and liabilities; (f) prepare necessary applications, answers, motions, orders, reports, and other legal documents on behalf of the Debtor; (g) assist in the collection of accounts receivable and other claims and resolve claims against the estate; (h) provide advice concerning the claims of secured and unsecured creditors, including prosecution and/or defense of actions; and (i) prepare, negotiate, prosecute, and attain confirmation of a plan of reorganization. The attorney and his law firm staff will be paid at these rates: Thomas B. Ure $495 per hour Associates $295 per hour Paralegals $195 per hour Law clerks $95 per hour He received a retainer in the amount of $11,691.18. He will also be reimbursed for reasonable out-of-pocket expenses incurred. Thomas B. Ure, disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. He can be reached at: Thomas B. Ure, Esq. Ure Law Firm 8280 Florence Avenue, Suite 200 Downey, CA 90240 Tel: (213) 202-6070 Fax: (213) 202-6075 About True Vision Development Inc. True Vision Development Inc. provides general building and construction services, including new construction and remodeling projects, primarily in the Los Angeles area. True Vision Development Inc. filed its voluntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 26-10480) on January 20, 2026, listing $420,418 in assets and $1,164,178 in liabilities. The petition was signed by Oscar Baez Arroyo as CEO. Judge Julia W Brand presides over the case. Thomas B Ure, Esq. at URE LAW FIRM serves as the Debtor's counsel. UNITED HAULING: Court Rejects Plan, Allows Lender to Foreclose -------------------------------------------------------------- Judge Daniel P. Collins of the U.S. Bankruptcy Court for the District of Arizona denied confirmation of United Hauling, LLC's Amended Sub Chapter V Chapter 11 plan. The motion for relief from the stay filed by Iron Rings Holding LLC and IG Holdings, Inc. in the bankruptcy case is granted. Debtor filed this voluntary subchapter V chapter 11 bankruptcy on April 25, 2025. Almost immediately, Lender filed a motion to dismiss this bankruptcy and then sought relief from the bankruptcy automatic stay. The Debtor, in turn, challenged Lender's claims on the basis of usury law violations, Truth-In-Lending violations, HOEPA violations, among other allegations. The Court denied Debtor's claim objections but determined that the rate of interest accruing ("Pendency Interest") on Lender's claims after the Petition Date, but prior to the effective date of any confirmed plan ("Pendency Period"), would be resolved at trial. Debtor's motion for reconsideration was denied. Debtor appealed. This Court and the District Court denied Debtor's motion for a stay pending appeal. Debtor's principals are Leah Delozier-Smith and Joseph Smith. A settlement agreement was entered into between Ms. Smith and her sister, Jillian Delozier-Craven, in November 2023. Thereafter, the Smiths sought to obtain refinancing of the second lien position against their home located at 5443 E. Skinner Dr, Cave Creek, Arizona, while at the same time obtaining additional funds to pay off various other debts, including $100,000 of the settlement obligation to Ms. Craven. The Smiths sought to obtain that financing through a mortgage broker. When conventional financing failed to materialize, the Smiths' mortgage broker went to the hard money lending market, where they found Lender. Lender, however, would not loan funds to the Smiths on a personal basis. Rather, Lender required that the Smiths transfer the Property to their limited liability company (the Debtor) and then have that LLC sign the loan documents. The Smiths were required to guarantee this loan. Ultimately, the Debtor's obligation to Lender was incurred on March 6, 2024, in the original principal amount of $400,000 and memorialized in a promissory note and a deed of trust which was recorded against the Property on March 6, 2024. The Property now stands as security for the Note (albeit in a second lien position). The non-default interest rate specified in the Note was 26% per annum. In the event of default, interest was to accrue at the "default rate of 31% over the interest rate stated herein." While Debtor's obligation to Lender was incurred with the stated intention of paying off a prior junior lien on the Property and satisfying a $100,000 payment to Ms. Craven, the loan proceeds were, instead, used to pay off the Smiths' existing second lien plus a commercial obligation for $20,000 plus the Smiths' credit card obligations totaling $115,000. When Ms. Craven did not receive the $100,000 payment due to her, she sued the Smiths and filed a lis pendens against Property. That lis pendens effectively blocked the Debtor's ability to obtain financing to take out Lender's hard money loan. Debtor's Plan Debtor's Plan proposes to pay Lender $566,826.99 plus Pendency Interest of 10% plus post-Effective Date interest at 8.5% plus reasonable charges until the entire unpaid balance is to be paid in full on or before March 6, 2032. If the reorganized Debtor defaults on its Plan payments, 5% shall be paid on any missed payment. Lender is to retain its lien against the Property. Debtor's Plan Supplement dated February 18, 2026 clarifies that the Plan will conform to this Court's findings on Pendency Interest and Effective Date interest. Accordingly, the Plan is to pay Lender $639,073 plus interest of $344.45 per day after February 25, 2026, plus this Court's adjudicated Effective Date interest rate if the Plan is confirmed. Lender filed the only objection to the Plan. The Court holds Debtor's Plan is denied confirmation because Debtor has failed to carry its burden of proving the Plan is feasible or that the Effective Date interest rate to be paid to Lender is a market rate of interest. Moreover, the Debtor's proposal to fully satisfy Lender's unpaid loan balance through a sale or refinancing by March 6, 2032, is speculative. Its ability to perform on that promise is unsupported by evidence. Lender's Claim The Lender's claim for post-Petition Date late charges is denied. According to the Court, the Note does contain a prepayment penalty but no penalty may be assessed by Lender because the Note is matured and the loan has not been prepaid. Lender's claim for post-Petition Date default interest at 57% per annum is denied and reduced to 31%, 5% over the non-default rate. Through February 25, 2026, Lender's perfected second position lien claim totals $639,073 plus reasonable attorney's fees and costs. Interest is accruing after February 25, 2026, at the rate of $344.45/day. Stay Relief The Court finds Lender has demonstrated that cause exists to terminate the bankruptcy automatic stay. Lender has also demonstrated Debtor's revenues and access to cash flow are insufficient to support an effective reorganization. Any equity the Debtor has in the Property is razor thin and, in any event, does not in and of itself provide adequate protection to Lender. A copy of the Court's Order dated February 25, 2026, is available at https://urlcurt.com/u?l=saDn6W About United Hauling United Hauling LLC, based in Cave Creek, Ariz., specializes in providing horse transportation services. Founded in 2017, the Company offers both local and long-distance hauling options, utilizing specialized trailers designed to ensure the safety and comfort of horses during transit. United Hauling sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 25-03680) on April 25, 2025. In its petition, the Debtor reports total assets of $1,498,601 and total liabilities of $1,010,614. Judge Daniel P. Collins oversees the case. James F. Kahn, at Kahn & Ahart, PLLC, serves as the Debtor's counsel. UNITED SITE: Court Confirms Second Amended Joint Prepackaged Plan ----------------------------------------------------------------- The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the District of New Jersey approved the Disclosure Statement and confirmed the Second Amended Joint Prepackaged Plan of Reorganization of United Site Services, Inc. and its debtor affiliates. As shared by the Troubled Company Reporter, United Site Services, Inc., and its affiliates filed with the U.S. Bankruptcy Court for the District of New Jersey a Disclosure Statement describing Joint Prepackaged Plan of Reorganization dated December 29, 2025. USS is the United States' largest provider of portable sanitation systems and related "site services," with more than 3,000 employees and more than 70,000 customers, including the Super Bowl, the Federal Emergency Management Agency (FEMA), music festivals, and homebuilders across the country. USS is headquartered in Westborough, Massachusetts, just outside of Worcester. The lead Debtor and main operating entity, United Site Services, Inc., was incorporated in Delaware in 2009. Several entities owned directly or indirectly by United Site Services, Inc. also conduct operations, including by maintaining contracts and relationships with vendors and customers that pre date those entities' acquisition by USS. The Plan provides for a restructuring of the Debtors' capital structure that will reduce existing funded indebtedness by approximately $2.4 billion and raise up to $1.075 billion in new capital, including: -- an Equity Rights Offering of up to $480 million (subject to adjustment based on projected liquidity at emergence and taking into account the payment of the PECF USS Holding Corporation's Equity Owner Consideration) fully backstopped by the Ad Hoc Group, -- $300 million of Exit Term Loan Facility funding provided by the Ad Hoc Group, and -- approximately $295 million of additional asset-based and other revolving loans to satisfy the obligations under the Plan and to provide critical new liquidity to support the Reorganized Debtors. On December 28, 2025, (a) the Debtors, (b) certain holders of (i) the First-Out Term Loans, (ii) the First-Out Revolving Loans, (iii) the Second-Out Term Loans, (iv) the Third-Out Notes, and (v) the ABL Facility (clauses (i) through (v), the "Consenting Creditors") and (c) Platinum Equity Advisors LLC and certain of its affiliates in their capacity as the direct and indirect holders of Claims or Interests in the Debtors (together with the Consenting Creditors, the "Consenting Stakeholders") entered into an agreement whereby the Consenting Stakeholders have agreed, subject to the terms and conditions of the Restructuring Support Agreement, to support the Restructuring and, once properly solicited, vote to accept the Plan. In accordance with the RSA and subject to confirmation of the Plan, the outstanding indebtedness of, and equity interests in, the Debtors will be restructured through the Plan on the terms and conditions set forth therein and in accordance with the provisions of the Intercreditor Agreements, as follows: * Holders of ABL Facility Claims will be paid in full in Cash; provided that, undrawn ABL Letters of Credit will be, at the option of the Debtors or Reorganized Debtors (with the consent of the Required Consenting Second-Out Creditors), (i) cash collateralized, (ii) supported by "back-to-back" letters of credit under the Exit ABL Facility or other facility, or (iii) otherwise treated in a manner acceptable to the issuer; * Holders of Allowed First-Out Revolving Loans Claims and Allowed First-Out Term Loans/Notes Claims will receive payment in full in Cash; * Holders of Allowed First Lien Secured Claims (i.e., Second Out Claims and Amended Term Loan Claims) will receive, after giving effect to the turnover provisions in the applicable Intercreditor Agreements, their share (as a proportion of all First Lien Funded Debt Claims), as specified in the Plan, of (i) the First Lien Secured Claims Recovery, (ii) the Distributable New Common Shares, and (iii) the Subscription Rights; * each Holder of an Allowed Unsecured Funded Debt Claim will receive its Pro Rata share of the Unsecured Funded Debt Claim Recovery; * each Holder of an Allowed General Unsecured Claim will (i) be paid in full in Cash or (ii) otherwise receive treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code; * all other Allowed Claims, including, among others, all Allowed Administrative Claims, Priority Non-Tax Claims, and Other Secured Claims, will be paid in full or otherwise rendered Unimpaired; and * subject to the terms of the Plan, Reorganized Parent shall be non-Debtor PECF USS Holding Corporation (or other Entity as determined by the Consenting Second-Out Creditors, the Debtors, and the relevant Entity), in accordance with the terms of that certain settlement between the Ad Hoc Group and Platinum to acquire the shares of PECF USS Holding Corporation for $5.5 million. Class 8 consists of General Unsecured Claims. Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to less favorable treatment, on the Effective Date (or as soon as reasonably practical thereafter), in full and final satisfaction, settlement, release, and discharge of, and in exchange for, such Allowed General Unsecured Claim, each Holder of an Allowed General Unsecured Claim will, at the option of the Debtors or the Reorganized Debtors (i) be paid in full in Cash or (ii) otherwise receive treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code. This Class is unimpaired. Class 11 consists of all Existing Equity Interests. If Reorganized Parent is a direct or indirect non-Debtor parent of USS Parent or another Entity that upon the consummation of the Restructuring Transactions will directly or indirectly own all of the assets of USS Parent, then the Holders of Existing Equity Interests shall receive no recovery or distribution on account of such Existing Equity Interests and the Existing Equity Interests shall be Reinstated solely for the purposes of maintaining the corporate ownership of USS Parent as contemplated by the Plan and the Restructuring Transactions. If Reorganized Parent is USS Parent, then all Existing Equity Interests shall be discharged, cancelled, released, and extinguished upon the Effective Date and will be of no further force or effect, and Holders of Existing Equity Interests will not receive any distributions on account of such Existing Equity Interests. The Debtors and the Reorganized Debtors, as applicable, shall fund distributions under the Plan required to be paid in Cash from Cash on hand, including Cash from operations, the proceeds of the DIP Facility, the Equity Rights Offering, the Exit ABL Facility, Exit RCF Facility, and the Exit Term Loan Facility. The Reorganized Debtors shall use the proceeds of the Exit Term Loan Facility, the Exit RCF Facility, the Exit ABL Facility, and the Equity Rights Offering to: (a) pay distributions on account of Allowed DIP Claims in accordance with Article II.C of the Plan.; (b) pay all outstanding Restructuring Expenses as required by the Plan; (c) fund the Professional Fee Escrow Account, and (d) pay Allowed Claims to the extent provided for in Articles II and III of the Plan. The Reorganized Debtors may use any remaining proceeds from the Exit Term Loan Facility, the Exit RCF Facility, the Exit ABL Facility, and the Equity Rights Offering (a) to make any other payments authorized under the Plan and (b) for working capital and general corporate purposes after the Effective Date. A full-text copy of the Disclosure Statement dated December 29, 2025 is available at https://urlcurt.com/u?l=0r2hbq from PacerMonitor.com at no charge. The Disclosure Statement is approved on a final basis as having adequate information within the meaning of section 1125(a)(1) of the Bankruptcy Code. All objections, statements, joinders, information objections or reservations of rights in respect of the Disclosure Statement, if any, that have not been withdrawn, waived, settled, or otherwise resolved before the Combined Hearing are overruled. The Plan satisfies all applicable provisions of section 1129 of the Bankruptcy Code and is approved in its entirety and confirmed. All objections to, statements, joinders, informal objections or reservations of rights in respect of the Plan that have not been withdrawn, waived, settled, or otherwise resolved before the Combined Hearing are overruled on the merits and denied. A copy of the Court's Order dated February 27, 2026, is available at https://urlcurt.com/u?l=NDEsVT from PacerMonitor.com. Co-Counsel to the Debtors and Debtors in Possession: Dennis F. Dunne, Esq. Samuel A. Khalil, Esq. Matthew L. Brod, Esq. Lauren C. Doyle, Esq. MILBANK LLP 55 Hudson Yards New York, NY 10001 Telephone: 1 (212) 530-5000 E-mail: DDunne@Milbank.com Skhalil@milbank.com mbrod@milbank.com ldoyle@milbank.com BSchak@Milbank.com - and - Michael D. Sirota, Esq. Felice R. Yudkin, Esq. Daniel J. Harris, Esq. COLE SCHOTZ P.C. Court Plaza North, 25 Main Street Hackensack, NJ 07601 Telephone: 1 (201) 489-3000 E-mail: MSirota@coleschotz.com FYudkin@coleschotz.com DHarris@coleschotz.com About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on December 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. Honorable Bankruptcy Judge Michael B. Kaplan handles the case. About United Site Services Inc. United Site Services Inc. is a national provider of portable toilet rentals and temporary site services. The company serves construction companies, municipalities, industrial clients, and event organizers throughout the United States. United Site Services Inc. sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 25-23630) on Dec. 29, 2025. In its petition, the Debtor reports estimated assets and liabilities each ranging between $1 billion and $10 billion. The Honorable Bankruptcy Judge Michael B. Kaplan handles the case. The Debtors tapped Milbank, LLP and Cole Schotz, PC as legal counsel; Alvarez & Marsal North America, LLC as financial advisor; PJT Partners, LP as investment banker; PwC US Tax, LLP as tax services provider; and PricewaterhouseCoopers, LLP as audit services provider. Kurtzman Carson Consultants, LLC, doing business as Verita Global, is the Debtors' claims and noticing agent and administrative advisor. Wilmington Savings Fund Society, as DIP agent, is represented by lawyers at ArentFox Schiff, LLP; and Porzio, Bromberg & Newman, P.C. US INFRA: Carlyle Secured Marks $11.3MM 1L Loan at 20% Off ---------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $11,384,000 loan extended to US INFRA SVCS Buyer, LLC to market at $9,112,000 or 80.0% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to US INFRA SVCS Buyer, LLC. The Loan accrues interest at a rate of 11.13% per annum. The Loan matures on April 13, 2027. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About US INFRA SVCS Buyer, LLC US INFRA SVCS Buyer, LLC operates in the environmental industries sector, providing services related to environmental infrastructure or remediation. VANKIRK ELECTRIC: Plan Exclusivity Period Extended to May 18 ------------------------------------------------------------ Judge Austin E. Carter of the U.S. Bankruptcy Court for the Middle District of Georgia extended Vankirk Electric Inc. and Mon Arc Group, Inc.'s exclusive periods to file a plan of reorganization and obtain acceptance thereof to May 18 and July 15, 2026, respectively. In a court filing, the Debtors explain that these cases are large, complex, litigious, and undoubtedly hard fought. While Debtors have managed to quell some of the litigation, they spent a majority of the first 120 days working to find a workable solution to continue operating as Debtors-in-Possession. The Debtors believe their efforts will have a significant impact on their ability to successfully reorganize. Debtors believe they have reasonable prospects for filing a viable plan. However, they need additional time to formulate and negotiate a plan and prepare the required adequate information. Debtors' request for additional time is warranted as Debtors have proven to be an active and effective debtor-in-possession. The Debtors claim that they are generally paying their post petition debts as they come due and believe they will have sufficient cash to continue paying their post-petition obligations as they come due. Due to the transition of the Chief Restructuring Officer, Debtors are continuing to work on ensuring they prepare fully accurate and complete monthly operating reports. Debtors have consistently submitted cash collateral reporting through the pendency of these cases. Debtors performance in this regard supports their request for extension, further reducing potential risk to the reorganization process if the extensions are granted. The Debtors assert that they do not seek the extensions to delay the reorganization or to pressure the creditors to accede to a plan that they might find unacceptable. To the contrary, Debtors seek the extensions to provide themselves with time to attempt to reach a consensus on a confirmable plan of reorganization and the creation of viable, sustainable reorganized Debtors. Debtors' earnestness in this regard cannot be challenged. At this early stage, a relatively short extension of the Exclusive Periods will not harm or prejudice any party-in-interest. Counsel for the Debtors: David L. Bury, Jr., Esq. Stone & Baxter, LLP 577 Third Street Macon, Georgia 31201 (478) 750-9898; (478) 750-9899 fax Email: dbury@stoneandbaxter.com About Vankirk Electric Inc. Vankirk Electric, Inc. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 25-30511) on Sept. 19, 2025, listing up to $100 million in assets and liabilities. Loren Wesley Vankirk, chief executive officer, signed the petition. Judge Austin E. Carter oversees the case. David L. Bury, Jr., at Stone & Baxter, LLP, is the Debtor's legal counsel. Fifth Third Bank, N.A., as secured creditor, is represented by John A. Thomson, Jr., at Adams & Reese, LLP, in Atlanta, Georgia. VMI FURNITURE: Gets Interim OK to Use Cash Collateral ----------------------------------------------------- VMI Furniture Solutions, LLC got the green light from the U.S. Bankruptcy Court for the Eastern District of Virginia, Norfolk Division, to use cash collateral to fund operations. The court entered an interim order authorizing the Debtor to use up to $35,000 in cash collateral pending the final hearing on March 17. As adequate protection for its interests in the cash collateral, if any, the U.S. Small Business Administration will be granted replacement liens on all of the Debtor's assets, including without limitation, all accounts and receivables. These replacement liens will have the same validity, extent and priority as the SBA's pre-bankruptcy liens. As additional protection, the SBA will receive monthly payments of $2,906, with the first such payment to be made on or before March 19. VMI listed the SBA as the primary secured creditor asserting a lien on its assets, including accounts receivable and other cash collateral, in connection with an EIDL loan. The order is available at https://is.gd/P4H9Bl from PacerMonitor.com. About VMI Furniture Solutions LLC VMI Furniture Solutions LLC sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Va. Case No. 26-70417) on February 19, 2026. In the petition signed by Pamela Murphy, president, the Debtor disclosed up to $500,000 in assets and up to $1 million in liabilities. Michael Wilson, Esq., at Reaves PLLC, represents the Debtor as legal counsel. WHITE ROCK: Seeks Approval to Hire Ordinary Course Professionals ---------------------------------------------------------------- White Rock Medical Center, LLC and its affiliates seek approval from the U.S. Bankruptcy Court for the Southern District of Texas to employ non-bankruptcy professionals in the ordinary course of business. The Debtors need ordinary course professionals to perform services for matters unrelated to these Chapter 11 cases. The Debtors seek to pay OCPs 100 percent of the fees and expenses incurred. The OCPs include: Pasha Law PC 10601 Clarence Dr., Suite 250 Frisco, TX 75033 - Legal Counsel Hawash Cicack & Gaston LLP 711 W. Alabama St. Houston, TX 77006 - Legal Counsel Husch Blackwell LLP 8001 Forsyth Boulevard, Suite 1500 St. Louis, MO 63105 - Legal Counsel HRSS, LLP 6671 Southwest Fwy., Suite 500 Houston, TX 77074 - Tax Accountant and Tax Advisor Hicks Pate Strategies LLC P.O. Box 729 Austin, TX 78767 - Regulatory Lobbyist Healthcare Consulting Experts LLC The Woodlands, TX 77380 - Healthcare Quality Consultant The Debtors do not believe that any of the ordinary course professionals have an interest materially adverse to them, their estates, creditors, or other parties in interest in connection with the matter upon which they are to be engaged. About White Rock Medical Center LLC White Rock Medical Center, LLC operates a healthcare facility providing medical and hospital services to patients in Texas. White Rock Medical Center sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. Case No. 26-90115) on January 20, 2026. In its petition, the Debtor reports estimated assets ranging from $10 million to $50 million and estimated liabilities between $50 million and $100 million. Honorable Bankruptcy Judge Christopher M. Lopez handles the case. The Debtor is represented by Omar Jesus Alaniz, Esq., at Reed Smith, LLP. WINESHIPPING.COM LLC: Carlyle Marks $17.6MM 1L Loan at 30% Off -------------------------------------------------------------- Carlyle Secured Lending, Inc. has marked its $17,691,000 loan extended to Wineshipping.com LLC to market at $12,342,000 or 70% of the outstanding amount, according to Carlyle Secured's Form 10-K for the fiscal year ended Dec. 31, 2025, filed with the U.S. Securities and Exchange Commission. Carlyle Secured Lending is a participant in a first lien loan extended to Wineshipping.com LLC. The loan accrues interest at a rate of 9.92% per annum. The loan matures on Dec. 29, 2028. Carlyle Secured Lending is a Maryland corporation formed on February 8, 2012, and structured as an externally managed, non-diversified closed-end investment company. Its investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. The Company is led by Alex Chi as Director and Chief Executive Officer (principal executive officer) and Thomas M. Hennigan as Director, President and Chief Financial Officer (principal financial officer). The Company can be reached at: Alex Chi Carlyle Secured Lending, Inc. One Vanderbilt Avenue, Suite 3400 New York, NY 10017 Telephone: (212) 813-4900 About Wineshipping.com LLC Wineshipping.com LLC operates in the beverage and food sector, providing logistics and related services to producers and distributors. WSONE-55 INC: Case Summary & Seven Unsecured Creditors ------------------------------------------------------ Debtor: Wsone-55, Inc. 6734 Sepulveda Blvd. Van Nuys, CA 91411 Business Description: Wsone-55, Inc. operates as a franchisee of Wingstop, a quick-service restaurant chain specializing in chicken wings and related menu items, managing and operating its location in Van Nuys, California, and offering dine-in, takeout, and delivery services to customers. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10404 Judge: Hon. Martin R Barash Debtor's Counsel: Stella Havkin, Esq. STELLA HAVKIN 21650 Oxnard Street, Suite 1540 Woodland Hills, CA 91367 E-mail: shavkinesq@gmail.com Total Assets: $603,619 Total Liabilities: $1,942,717 The petition was signed by Mia Boykin Ulutika as vice president. A full-text copy of the petition, which includes a list of the Debtor's seven unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/KLTZFCQ/Wsone-55_Inc__cacbke-26-10404__0001.0.pdf?mcid=tGE4TAMA WSTHREE-55 INC: Case Summary & Five Unsecured Creditors ------------------------------------------------------- Debtor: Wsthree-55, Inc. 12745 Van Nuys Blvd. Pacoima, CA 91331 Business Description: Wsthree-55, Inc. is a California corporation based in Pacoima, Los Angeles, that operates a franchised quick-service restaurant under the Wingstop Inc. brand, specializing in cooked-to-order chicken wings, tenders, sandwiches, and related side items. The company operates within the limited-service restaurant industry and generates revenue through the sale of food and beverages to retail customers. Chapter 11 Petition Date: February 27, 2026 Court: United States Bankruptcy Court Central District of California Case No.: 26-10406 Debtor's Counsel: Stella Havkin, Esq. STELLA HAVKIN 21650 Oxnard Street, Suite 1540 Woodland Hills, CA 91367 E-mail: shavkinesq@gmail.com Total Assets: $601,308 Total Liabilities: $1,104,811 The petition was signed by Mia Boykin Ulutika as vice president. A full-text copy of the petition, which includes a list of the Debtor's five unsecured creditors, is available for free on PacerMonitor at: https://www.pacermonitor.com/view/OJKFDXQ/Wsthree-55_Inc__cacbke-26-10406__0001.0.pdf?mcid=tGE4TAMA XINYUAN REAL ESTATE: Loses Bid to Dismiss Involuntary Bankruptcy ---------------------------------------------------------------- The Hon. Philip Bentley of the U.S. Bankruptcy Court for the Southern District of New York denied Xinyuan Real Estate Co. Ltd.'s motion to dismiss the involuntary bankruptcy petition. The motion is denied without prejudice to the Debtor's right to seek dismissal of this case, or a suspension of further proceedings in the case, pursuant to 11 U.S.C. Sec. 305(a)(1) at a later date if warranted by subsequent developments. Xinyuan Real Estate Company Limited is the parent company of a corporate group that operates a large property development company in the People's Republic of China. The Debtor is incorporated in the Cayman Islands, but its management lives and works in China, where the bulk of the Group's operations and assets are located. Since the downturn in China's real estate market that began in late 2020, Xinyuan has been struggling to pay its billions of dollars of funded debt. In 2022 and 2023, Xinyuan restructured some of that debt, but that restructuring proved insufficient. In January 2025, unable to pay $170 million of senior notes that came due that month, the Debtor commenced restructuring negotiations with the holders of those notes. In April 2025, three investment funds holding about $65 million of the Debtor's senior notes filed an involuntary chapter 11 petition in this Court. The following month, shortly before its deadline to respond to that petition, the Debtor announced its plan to restructure in the Cayman Islands. In June 2025, the Debtor filed a judicial proceeding in the Cayman Islands to restructure about $600 million of U.S.-dollar denominated debt, including the senior notes held by the petitioning creditors, through a scheme of arrangement. The Debtor has now moved to dismiss the involuntary petition on a number of grounds, principally abstention under Bankruptcy Code Sec. 305(a). The Debtor also seeks dismissal for cause under Code Sec. 1112(b) or, alternatively, on forum non conveniens grounds. Abstention by a bankruptcy court in favor of a competing foreign insolvency proceeding is often warranted to avoid the disruption and additional expense that dueling proceedings can cause. If the Debtor were making progress in its Cayman Islands proceeding and could show a reasonable likelihood of successfully reorganizing there, the Bankruptcy Court would be inclined to dismiss the involuntary petition on abstention grounds. However, over the past half year, there has been no activity in the Cayman case, nor does the Debtor appear to have made any progress behind the scenes, the Court recounts. Despite repeated representations that it would soon obtain additional creditor support, the Debtor still only has the support of creditors holding 31% of the Scheme debt -- the same level of support it had last July. The Debtor's restructuring appears to have reached an impasse. Moreover, even if the Debtor were somehow able to obtain the 75% level of creditor support that Cayman Islands law requires for approval of the Scheme, its Cayman restructuring would still face additional hurdles. The Cayman court would need to approve the Debtor's decision to put all Scheme creditors in a single class, despite the varying interest rates (ranging from 3% to 14.5%) and varying maturities of the four tranches of Scheme debt. In addition, the Debtor would need to obtain a U.S. bankruptcy court's recognition of its Cayman restructuring as a foreign proceeding -- an essential step, since all Scheme debt is U.S.-dollar denominated and subject to New York choice of law and forum selection clauses. According to the Bankruptcy Court, this could prove challenging, given the Debtor's lack of any business operations in the Cayman Islands, plus the fact that the Group's business and the Debtor's restructuring are being managed from Beijing. Existing precedent in this District would support a finding that the Debtor's center of main interests is in the Cayman Islands if, but only if, the Debtor first obtained overwhelming creditor support and no objections to recognition were filed. In these circumstances, the Bankruptcy Court finds the Debtor has not met its burden of demonstrating that abstention would be in the best interests of its creditors. To the contrary, it appears that creditor interests would be better served by allowing this involuntary case to proceed. Most important, chapter 11 gives the Court the power to ensure that the restructuring will not continue to stall. If the Debtor fails to make progress within a reasonable time, its exclusive right to file a chapter 11 plan may lapse or be terminated, giving creditors the ability to file and confirm a plan of their own -- something they cannot do in the Cayman Islands without the Debtor's support. Moreover, the mere possibility of an eventual creditor plan in this case could potentially break the impasse in the Cayman case, in which event the Court might be receptive to a motion to suspend further proceedings in this case on abstention grounds. At present, however, the Debtor has not shown that abstention would benefit creditors. Even more clearly, the Debtor has not shown cause to dismiss under Bankruptcy Code Sec. 1112(b) or on forum non conveniens grounds. The Bankruptcy Court therefore will deny the Debtor's motion to dismiss in its entirety. A copy of the Court's decision dated March 3, 2026, is available at https://urlcurt.com/u?l=swjnPh from PacerMonitor.com. Counsel for the Debtor: Gabriel Altman, Esq. Eloy A. Peral, Esq. WINDELS MARX LANE & MITTENDORF, LLP 156 W. 56th Street New York, New York 10019 Email: galtman@windelsmarx.com eperal@windelsmarx.com Counsel for the Petitioning Creditors: Paul R. DeFilippo, Esq. Nicholas Servider, Esq. Ryan Kane, Esq. James N. Lawlor, Esq. WOLLMUTH MAHER & DEUTSCH LLP 500 Fifth Avenue New York, NY 10110 Email: pdefilippo@wmd-law.com jlawlor@wmd-law.com Counsel for the Office of the United States Trustee: Tara Tiantian, Esq. UNITED STATES DEPARTMENT OF JUSTICE One Bowling Green New York, NY 10104 About Xinyuan Real Estate Co. Ltd. Xinyuan Real Estate Co. Ltd., headquartered in Beijing, is a residential real estate developer primarily focused on China's tier-one and tier-two cities. Founded in 1997, the Company targets middle-income homebuyers with large-scale, high-quality housing projects and has extended its operations to the U.S., U.K., and Malaysia. Xinyuan also offers property management and ancillary services, and its shares trade on the New York Stock Exchange under the ticker symbol XIN. Creditors of Xinyuan Real Estate Co. Ltd. sought involuntary petition under Chapter 11 of the U.S. Bankruptcy (Bankr. S.D.N.Y. Case No. 25-10745) on April 14, 2025. The Debtor is represented by Paul R. DeFilippo, Esq., at Wollmuth Maher & Deutsch, LLP. YAHWEH GROUP: Hires Ford & Semach as General Bankruptcy Counsel --------------------------------------------------------------- Yahweh Group, LLC seeks approval from the U.S. Bankruptcy Court for the Middle District of Florida to employ Ford & Semach, PA as counsel. The firm will render these services: (a) analyze the financial situation, and render advice and assistance to the Debtor in determining whether to file a petition under Title 11, United States Code; (b) advise the Debtor with regard to its powers and duties in the continued operation of the business and management of the property of the estate; (c) prepare and file the petition, schedules of assets and liabilities, statement of affairs, and other documents required by the Court; (d) represent the Debtor at the Section 341 creditors' meeting; (e) provide legal advice to the Debtor with respect to its powers and duties in the continued operation of its business and management of its property; if appropriate; (f) advise the Debtor with respect to its responsibilities in complying with the United States Trustee's Operating Guidelines and Reporting Requirements and with the rules of the Court; (g) prepare necessary legal papers and appear at hearings thereon; (h) protect the interests of the Debtor in all matters pending before the court; (i) represent the Debtor in negotiation with its creditors in the preparation of the Chapter 11 plan; and (j) perform all other legal services for the Debtor which may be necessary herein. The firm's counsel and staff will be paid at these hourly rates: Buddy Ford, Attorney $550 Jonathan Semach, Attorney $500 Heather Reel, Attorney $450 Paralegal $150 In addition, the firm will seek reimbursement for expenses incurred. The firm received an advance fee of $7,000, including the filing fee from the Debtor. Mr. Ford disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Buddy D. Ford, Esq. Ford & Semach, PA 9301 West Hillsborough Avenue Tampa, FL 33615 Telephone: (813) 877-4669 Email: Buddy@tampaesq.com About Yahweh Group LLC Yahweh Group, LLC sought relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 26-01350) on Feb. 23, 2026, listing under $1 million in both assets and liabilities. Judge Roberta A. Colton oversees the case. The Debtor tapped Buddy D. Ford, Esq., at Ford & Semach, PA as counsel. ZOOTILITY CO: Hires Bernstein Shur Sawyer & Nelson as Counsel ------------------------------------------------------------- Zootility Co seeks approval from the U.S. Bankruptcy Court for the District of Maine to employ Bernstein, Shur, Sawyer & Nelson, P.A. as general bankruptcy counsel. The firm's services include: (a) advise the Debtor with regard to the requirements of the Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules, Local Rules, and the Office of the United States Trustee; (b) advise the Debtor with regard to certain rights and remedies of the bankruptcy estate and rights, claims, and interests of creditors and bring such claims as the Debtor, in its business judgment, decides to pursue; (c) represent the Debtor in any proceeding or hearing in the Bankruptcy Court involving the estate; (d) conduct examinations of witnesses, claimants, or adverse parties, and represent the Debtor in any adversary proceeding (except to the extent that any such adversary proceeding is in an area outside of the firm's expertise); (e) review and analyze various claims of the Debtor's creditors and treatment of such claims and prepare, file, or prosecute any objections thereto or initiate appropriate proceedings regarding leases or contracts to be rejected or assumed; (f) prepare and assist with the preparation of reports, applications, pleadings, motions, and orders; (g) assist the Debtor in the analysis, formulation, negotiation, and preparation of all necessary documentation relating to the sale of its assets, as appropriate; (h) assist the Debtor in the negotiation, formulation, preparation, and confirmation of a plan; and (i) perform any other services that may be appropriate in the firm's representation of the Debtor as general bankruptcy counsel in the case. The firm's rates for shareholder and of counsel attorneys generally range from $350 to 800/hour, and associate attorney rates generally range from $300 to $400/hour. The hourly rates of the firm's counsel and staff are: Adam R. Prescott, Attorney (Shareholder) $545 Kenny Laughton, Attorney (Associate) $320 Laura Unfricth, Paralegal $235 Katherine Flynn, Paralegal (Trainee) $180 In addition, the firm will seek reimbursement for expenses incurred. Mr. Prescott disclosed in a court filing that the firm is a "disinterested person" as the term is defined in Section 101(14) of the Bankruptcy Code. The firm can be reached through: Adam R. Prescott, Esq. Bernstein, Shur, Sawyer & Nelson, PA 100 Middle Street PO Box 9729 Portland, Maine 04104 Telephone: (207) 774-1200 Facsimile: (207) 774-1127 Email: aprescott@bernsteinshur.com About Zootility Co. Zootility Co. sought protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Mai. Case No. 26-20026) with $100,001 to $500,000 in assets and $1 million to $10 million in liabilities. Judge Hon. Michael A. Fagone oversees the case. The Debtor is represented by Adam R. Prescott, Esq. at Bernstein Shur Sawyer & Nelson, PA. ********* On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. TCR subscribers have free access to our on-line news archive. 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