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
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EGIO
News
- Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection [BNN Bloomberg (Canada)]BNN Bloomberg
- Edgio launches strategic financial restructuring to facilitate sale and strengthen operations [Seeking Alpha]Seeking Alpha
- Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection [Yahoo! Finance]Yahoo! Finance
- Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen Operations [Yahoo! Finance]Yahoo! Finance
- 3 Media Stocks Worth Buying From a Prospering Industry [Yahoo! Finance]Yahoo! Finance
EGIO
Sec Filings
- 9/13/24 - Form 4
- 9/13/24 - Form 8-K
- 9/9/24 - Form 8-K
- EGIO's page on the SEC website