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Bankruptcy & Restructuring News Headlines for Friday Jun 19, 2020

June 19, 2020

Here's what we are reading this morning:

Stockwell, the AI-vending machine startup formerly known as Bodega, is shutting down July 1 | TechCrunch

Unemployment Claims: 1.5 Million New State Filings in a Week - The New York Times

Once Booming San Francisco Apartment Market Goes in Reverse - WSJ

Chesapeake Energy Corporation elects not to make interest payments, starts 30-day grace period, enters into credit agreement amendment which, among other things, reduces borrowing base from $3.0 billion to $2.3 billion

Blockchain co. Factom has filed for bankruptcy in Delaware. According to company's website, it raised an $8 million Series A in 2017 led by Tim Draper/Draper Associates. Financial statements filed with the petition show assets of $640k and Jan-Apr 2020 revenue of $312k.

Background on Factom from April 2, 2020: Factom Inc. 'Faces Liquidation' After Investors Refuse Request for More Funding - CoinDesk

More Factom Background from April 10, 2020: Factom’s Two Employees Press On Despite Investor’s Call to Liquidate - CoinDesk




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