secwatch.observer — SEC 8-K summary
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Issuer:     Starry Group Holdings, Inc. (—)
CIK:        0001884697
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000950170-23-003315
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.03, 2.04, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starry Group Holdings files Chapter 11 bankruptcy with $43M DIP financing and restructuring support from lenders
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- Filed voluntary Chapter 11 petitions in Delaware Bankruptcy Court on Feb 20, 2023.
- Entered RSA with lenders holding 100% of ~$287M prepetition debt; plan contemplates debt-for-equity restructuring or sale.
- DIP financing of $43M from lenders to fund operations; additional $11M exit facility committed.
- Customer operations in five core markets (Boston, NYC, LA, Denver, DC) continue uninterrupted.
- Director Amish Jani resigned from board effective Feb 20, 2023; board reduced to four members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/0000950170-23-003315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1884697/000095017023003315/stry-20230220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003315

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