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0.024390243902439 0.010452961672474 -0.0871080139372822 -0.21602787456446 -0.407665505226481 -0.515853658536585 -0.505226480836237 -0.547038327526132
Stock impact report

Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen Operations

Edgio, Inc. (EGIO) 
Company Research Source: Business Wire
Enters into Stalking Horse Asset Purchase Agreement in Connection with Contemplated In-Court Sale ProcessFiles Voluntary Petitions for Chapter 11 Relief to Effectuate a TransactionCommitted to Continue Delivering with Excellence for Partners and Customers PHOENIX--(BUSINESS WIRE)--Edgio, Inc. (Nasdaq: EGIO) and certain of its affiliates (collectively, “Edgio” or the “Company”), the platform of choice for security, speed, and simplicity, today announced that it has voluntarily filed for chapter 11 relief (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the District of Delaware (the “Court”) to effectuate one or more sale transactions that should allow for the continued operation of the Company’s business under new ownership.The Company enters this process with the support of its primary lender, Lynrock Lake Master Fund LP (“Lynrock”), to facilitate a smooth and efficient completion of the Chapter 11 Cases. To anchor the sale process, Edgio has entered into a stalki Show less Read more
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