Riot's (RIOT) Bitcoin Mining Still Crimped by December Storm in Texas - Bloomberg: Riot Platforms Inc., one of the largest Bitcoin miners, said a significant portion of its operations are still off-line due to damage from severe winter storms in Texas.
TPG’s Pet-Care Bet Ends in Bankruptcy as Costs, Probe Take Toll - Bloomberg: Independent Pet Partners, the parent of several regional pet-care chains, filed for bankruptcy as the weight of rising costs, pandemic-era closures and reports of a potential link between certain dog food and heart disease strained the business.
Bed Bath & Beyond (BBBY) Possible Bankruptcy: Inside Rise & Fall of Retail Giant - Bloomberg: A failure to take online shopping seriously harmed the retailer — then product missteps and misguided financial maneuvers hastened its decline.
Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source: The term sheet includes "an equitization of the 10-year promissory note that DCG gave Genesis in return for the 3AC claims," a person familiar with the situation said
AMC to Charge More for Better Movie Theater Seats - WSJ: The theater chain’s move comes as its box-office performance remains below its prepandemic pace.
Bed Bath & Beyond's alienation of vendors played key role:
Bed Bath & Beyond's stock soars as much as 120% as retailer nears bankruptcy - MarketWatch: Bed Bath & Beyond Inc.'s stock BBBY, +92.13% spiked as much as 120% Monday even as the retailer indicated it has missed payments to debt holders and could file for bankruptcy. More than 183 million shares of Bed Bath & Beyond so far have swapped hands, vs. normal activity of about 37 million shares.
Bed Bath & Beyond Inc. Announces Proposed Offering of Series A Convertible Preferred Stock and Warrants: The Company intends to use the net proceeds from the initial closing of the Offering, along with $100 million to be drawn under its amended and upsized FILO Facility, to repay outstanding revolving loans under its ABL Facility in accordance with the terms of an amendment to the Company's Credit Agreement waiving existing defaults thereunder to be entered concurrently with the initial closing of the Offering.
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy: Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors.
DCG, Bankrupt Crypto Firm Genesis in Credit Accord With Gemini, Others - Bloomberg: The squabble between crypto billionaires Cameron and Tyler Winklevoss and Digital Currency Group’s Barry Silbert appears to be over, paving the way for a resolution of one of the industry’s biggest bankruptcies. An emerging accord may end a months-long impasse that boiled over into a nasty public spat and left 340,000 of the twins’ Gemini Trust Co. customers in limbo.
Households Burn Through What’s Left of Their Pandemic Savings - WSJ: The combination of high prices and the end of pandemic relief programs is eating into household savings.
Bed Bath & Beyond Strikes Investor Deal for Over $1 Billion to Avoid Bankruptcy - WSJ: The distressed retailer has secured investor backing for a more than $1 billion capital raise to stave off bankruptcy and try to turn around its flagging business, people familiar with the matter said.
Signature Bank Accused in Lawsuit of Overlooking Crypto's FTX Fraud - Bloomberg: Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.
