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MobiTV Files Voluntary Chapter 11 To Effectuate Value-Maximizing Transaction

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EMERYVILLE, Calif., March 1, 2021 /PRNewswire/ MobiTV, Inc. (MobiTV) today announced that the Company, along with its subsidiaries, has voluntarily filed for relief under chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. MobiTV intends to use these proceedings to implement a restructuring process which will position the Company s operating platforms for long-term sustainability and growth. The Company is committed to working with its lenders and stakeholders towards a speedy and successful resolution of the case.
MobiTV has received a commitment for a $15.5 million debtor-in-possession ( DIP ) financing facility that will support the Company for the duration of the restructuring process, providing MobiTV with the financial runway and flexibility to execute on a value-maximizing solution, which may include a going-concern sale under section 363 of the Bankruptcy Code. The new facility, wh ....

United States , Fenwick West , Us Bankruptcy Court , Company Contact , Consulting Inc , Prnewswire Mobitv Inc , Capital Advisors , Pachulski Stang Ziehl Jones , Mobitv Inc , Bankruptcy Code , Stang Ziehl , ஒன்றுபட்டது மாநிலங்களில் , ஃபென்விக் மேற்கு , எங்களுக்கு திவால்நிலை நீதிமன்றம் , நிறுவனம் தொடர்பு , ஆலோசனை இன்க் , பச்சூல்ஸ்கி ஸ்டாங் ஜிேல் ஜோன்ஸ் , திவால்நிலை குறியீடு , ஸ்டாங் ஜிேல் ,

MobiTV Files Voluntary Chapter 11 To Effectuate Value-Maximizing Transaction

MobiTV Files Voluntary Chapter 11 To Effectuate Value-Maximizing Transaction
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United States , Fenwick West , Us Bankruptcy Court , Company Contact , Consulting Inc , Prnewswire Mobitv Inc , Capital Advisors , Pachulski Stang Ziehl Jones , Mobitv Inc , Bankruptcy Code , Stang Ziehl , ஒன்றுபட்டது மாநிலங்களில் , ஃபென்விக் மேற்கு , எங்களுக்கு திவால்நிலை நீதிமன்றம் , நிறுவனம் தொடர்பு , ஆலோசனை இன்க் , பச்சூல்ஸ்கி ஸ்டாங் ஜிேல் ஜோன்ஸ் , திவால்நிலை குறியீடு , ஸ்டாங் ஜிேல் ,