The Singapore-based crypto lender Hodlnaut is looking at a possible liquidation as the firm’s creditors have rejected the proposed restructuring plan and seek liquidation of the platform’s assets. The...
Tag: Restructuring
Hodlnaut Creditors Reject Restructuring Plan, Seek Liquidation
Beleaguered crypto lender Hodlnaut is facing possible liquidation after the firm’s creditors reject the company’s proposed restructuring plan. Creditors are instead seeking liquidation of the lender’s...
Hodlnaut’s Creditors Prefer Liquidation Than Restructuring Plan (Report)
Some creditors of the distressed cryptocurrency lender – Hodlnaut – are reportedly not fond of the proposed restructuring plan that could enable the company’s directors to stay at the helm. Instead, t...
Under New Ownership And Continued Competition, Nielsen Is Restructuring
Despite changes in senior management David Kenny (pictured), will remain as CEO of Nielsen Holdings … [+] Plc. Kenny is speaking during a panel session on the opening day of the World Economic F...
Evergrande’s Billionaire Founder Begins New Year With Another Pledge To Pay Down Debt
Evergrande founder Hui Ka Yan has started the new year with a new pledge. South China Morning Post via Getty Images Hui Ka Yan, the embattled founder of real estate developer China Evergrande Group, s...
Core Scientific Noteholders Seek 97% Company Acquisition in Bankruptcy Restructuring
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a 97% acquisition of the...
Bitcoin miner Greenidge reaches debt restructuring agreement with NYDIG
Greenidge Generation (GREE) has agreed with NYDIG to restructure a $74.7 million debt owed to the crypto trading firm. NYDIG to acquire Greenidge mining machines In a press statement released on Dec. ...
Auros Global expects to resume regular operations following restructuring plan
Cryptocurrency trading firm Auros Global, which reportedly suffered from a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after ...
Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
According to a Dec. 20 filing with the United States Securities and Exchange Commission, Bitcoin (BTC) miner Greenidge has reached an agreement with its creditor, fintech firm NYDIG, to restructure ap...
Greenidge signs $74 million debt restructuring deal as bankruptcy fears emerge
Bitcoin (BTC) miner Greenidge Generation has entered into a $74 million debt restructuring agreement with crypto lender NYDIG, according to a Dec. 20 SEC filing. The restructuring — which is expected ...
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet...
Bitcoin Miner Greenidge Reaches Debt Restructuring Deal With NYDIG as Bankruptcy Looms
Under the deal, which is currently in the form of a non-binding term sheet, NYDIG will purchase 2.8 exahash per second (EH/s) worth of Greenidge’s bitcoin mining machines, and extinguish $57 mil...
Warner Bros. Discovery CEO Finding A Lot Of Skeletons In The Financial Closet
Photo by Frederick M. Brown/Getty Images. Getty Images Warner Bros. Discovery just announced a much larger than previously reported write-down on its library content, putting some investors on edge. I...
Broadcom’s Target Company VMware Ousts Three Executives As Part Of Restructuring
Three senior VMware, Inc (NYSE: VMW) executives exited the enterprise software company that Broadcom Inc (NASDAQ: AVGO) aims to acquire for $61 billion. VMware CEO Raghu Raghuram said the senior vice ...
Bitcoin Miner Argo Blockchain Says It’s Close to Restructuring Without Having to Declare Bankruptcy
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Court gives Celsius new deadline on restructuring
Bankrupt crypto exchange Celcius sees a new deadline for submitting its restructuring plan. The court ordered the company to present it by February 15. On Monday, Celsius announced the new development...
Court sets new deadline for Celsius restructuring plan
Bankrupt crypto lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The court approval gives the troubled crypto lender another couple of months to file for a Chapte...
FTX’s LedgerX Up for Sale as Restructuring Process Picks Up
(Bloomberg) — LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com a...
McKinsey Being Instrumental In Disney Restructuring Angered Several Disney’s Creative Heads
Walt Disney Co (NYSE: DIS) worked with consulting firm McKinsey & Co in recent months to centralize control of major spending decisions, triggering an uproar from top creative executives at the en...
Genesis Bankruptcy Avoidance Leads to Restructuring
Genesis Global Capital reportedly seeking the possible ways to avoid the looming potential bankruptcy. The firm got severely affected following the bankruptcy filing of Sam Bankman-Fried’s FTX. The Ba...
Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy
For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save the crypto brokerage from sin...
Amazon of Africa, Jumia Technologies Undergoes Tough Restructuring To Boost Bottomline
E-commerce group Jumia Technologies AG (NYSE: JMIA), often dubbed the “Amazon of Africa,” underwent a heavy restructuring following the expelling of its co–CEOs and its plunging shar...
Genesis calls in restructuring expert in its fight to avoid bankruptcy
Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. It is unde...
Crypto firm Eqonex files for Voluntary Debt Restructuring in Singapore
Cryptocurrency firm Eqonex has filed a voluntary application with Singapore’s High Court to place the company into judicial management. The crypto financial services firm filed a report with the Unite...
With A New CEO, An Adult Has Arrived To Clean Up The FTX Mess
John J. Ray III, a veteran of Enron, Fruit of the Loom and other bankruptcies, now must pick up the shattered pieces from Sam Bankman-Fried’s chaotic reign. Ina scathing court filing on Thursday, John...
Disney CEO Bob Iger plans restructuring, Chapek loyalist Kareem Daniel to leave
Bob Iger attends the World Premiere of Walt Disney Studios Motion Pictures ‘Avengers: Endgame’ at Los Angeles Convention Center on April 22, 2019. Jeff Kravitz | FilmMagic, Inc | Getty Ima...
CSCO Stock: Cisco Earnings Top Estimates Amid Restructuring Plan
Cisco Systems (CSCO) on Wednesday reported fiscal first-quarter earnings and revenue that topped consensus estimates. CSCO stock rose as the computer networking giant also announced a restructuring pl...
Summarizing the Denial of Celsius’ Key Employee Retention Program Motion
November 3, 2022, 11:18AM EDT • 2 min read Quick Take New York judge denies troubled crypto lender Celsius’s KERP Motion Celsius also filed a motion to seal and redact key details of the KERP These co...
Crypto Exchange Coinbase’s Chief Product Officer Steps Down Amid Restructuring
The move is part of a restructuring of several of Coinbase’s groups. “In connection with Mr. Chatterjee’s resignation, Coinbase’s product, engineering and design teams are being reorganize...
Bitcoin Miner Stronghold Digital Completes Debt Restructuring
“We are executing on the strategy we outlined during our second-quarter earnings announcement in August – to rapidly delever our balance sheet and enhance liquidity, and we are actively pursuing...