Streetbeat News

Bankruptcy

CMAX

CareMax, Inc. (NASDAQ: CMAX; CMAXW) has announced agreements to sell its management services organization and core centers' assets. These sales will be executed under a prearranged chapter 11 plan, fully supported and funded by CareMax's current stakeholders.

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November 17, 2024 | 11:30 pm

CMAX

CareMax, a medical services provider operating 56 centers across several states, has filed for Chapter 11 bankruptcy in Texas. This restructuring move is aimed at addressing financial challenges.

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November 17, 2024 | 3:45 pm

KNW

Know Labs, Inc. has received an audit opinion with a going concern explanation, indicating potential financial instability. This was disclosed in their annual report filed with the SEC.

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November 16, 2024 | 12:30 am

TFFP

TFF Pharmaceuticals, Inc. (Nasdaq: TFFP) has announced it will wind down operations and has terminated its employees following a board decision.

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November 14, 2024 | 9:30 pm

HTOO

Fusion Fuel Green Plc has filed a damages claim against Hydrogenial S.A. for not fulfilling a $33.5 million funding agreement. Additionally, Fusion Fuel announced the insolvency of its Portuguese subsidiary.

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November 14, 2024 | 9:30 pm

RILY

B. Riley Financial, Inc. has filed a notification of late filing with the SEC, needing more time to assess the impact of the Franchise Group bankruptcy and recent asset monetizations on its financial statements. The company disclosed preliminary Q3 results, ending the quarter with $159 million in cash and $2.06 billion in debt.

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November 14, 2024 | 3:30 pm

VRM

Vroom, an automotive finance company and digital services platform, has filed for Chapter 11 bankruptcy. The company plans to continue operations as a 'debtor-in-possession' under bankruptcy court jurisdiction. Subsidiaries are not expected to follow the bankruptcy filing.

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November 14, 2024 | 1:00 am

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) has filed for Chapter 11 reorganization to protect its core assets and ensure operational continuity amid legal challenges. The strategic move aims to safeguard its valuable properties, including Algodon Mansion and Algodon Wine Estates.

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November 13, 2024 | 4:45 pm

SAVE

ULCC

Spirit Airlines is reportedly preparing to file for bankruptcy protection after unsuccessful merger discussions with Frontier Airlines.

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November 13, 2024 | 4:15 pm

SAVE

Spirit Airlines is reportedly nearing a bankruptcy filing after a failed merger with Frontier Airlines. The airline is working with creditors on a bankruptcy plan, and a filing could occur within weeks. Spirit Airlines shares have plunged almost 60% following the news.

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November 13, 2024 | 3:45 pm