Fisker Files Annual Report: "If the Company does not receive adequate relief from its debt holders and additional sufficient liquidity from potential liquidity providers to meet its current obligations, it expects to seek protection under applicable bankruptcy laws in multiple jurisdictions within 30 days from the issuance of these financial statements"
Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations | Reuters: The EV startup said on Tuesday it plans to further reduce its workforce and streamline its operations, including reducing its physical footprint.
Big Lots uses headquarters mortgage to secure new financing: The retailer said that the new first-in, last-out term loan facility, which it took out through an affiliate of Gordon Brothers Capital, significantly improves the company’s liquidity position
High-end appliance retailer Pirch to liquidate in bankruptcy: The company, which is has been backed by private equity firm L Catterton since 2013, has assets between $10 million and $50 million, which are overshadowed by liabilities of between $100 million and $500 million, according to court documents filed with the U.S. Bankruptcy Court for the Southern District of California
Foxtrot, Dom's Kitchen & Market Closing All Chicago Stores Months After Merger: Foxtrot and Dom’s Kitchen & Market stores abruptly closed across Chicago Tuesday, nearly five months after the two local upscale grocery businesses announced a blockbuster merger
What went wrong at Foxtrot: Toward the end of 2023, Foxtrot, an upscale convenience store chain, held a meeting with corporate employees to discuss the company’s finances. The meeting came right after Foxtrot had announced the company would be merging with a competitor called Dom’s Kitchen, and the financial picture was bleak
