{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-093994","form_type":"8-K","ticker":null,"cik":"0001389002","company_name":"MARIN SOFTWARE INC","filed_at":"2025-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.866599+00:00","generated_at":"2026-05-18T09:26:00.216115+00:00","sec_items":["1.01","1.03","2.03","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Marin Software files Chapter 11, delisted from Nasdaq; restructuring plan with Kaxxa Holdings","bullets":["Filed Chapter 11 petition on July 1, 2025, in Delaware Bankruptcy Court; case 25-11263.","Nasdaq suspended trading on June 26, 2025; delisting will follow Form 25 filing.","Restructuring Support Agreement: Kaxxa Holdings to acquire 100% equity and substantially all assets for $5.5M cash.","DIP financing up to $1.2M from 5Y LLC at 10% interest, secured by all assets.","Board abandons prior dissolution plan; expects to pay unsecured creditors in full and provide distribution to stockholders."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-093994","json":"https://secwatch.observer/filing/0000950170-25-093994.json","markdown":"https://secwatch.observer/filing/0000950170-25-093994.md","text":"https://secwatch.observer/filing/0000950170-25-093994.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/mrin-20250630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:26:00.216115+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5db4a61bb48b8f1d5cc772c87d5963029cadb4b0","claim":"MARIN SOFTWARE INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-07-01).","evidence_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001213900-25-074670","ticker":null,"company_name":"Global Clean Energy Holdings, Inc.","filed_at":"2025-08-12T23:59:59+00:00","headline":"Global Clean Energy emerges from Ch11; all equity cancelled, converts to private LLC, to deregister stock","event_type":"other_material","sec_items":["1.01","1.03","2.03","3.02","3.03","5.01","5.02","5.03","7.01","8.01","9.01"],"materiality_score":1.0,"calibrated_materiality_score":1.0,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 2.03, 5.02, 8.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-074670","json":"https://secwatch.observer/filing/0001213900-25-074670.json","markdown":"https://secwatch.observer/filing/0001213900-25-074670.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/748790/000121390025074670/0001213900-25-074670-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/748790/000121390025074670/ea0251950-8k_global.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"Concurrently with entry into the Restructuring Support Agreement, GCEH and its domestic direct and indirect subsidiaries (collectively, the \"Debtors\") filed petitions for relief under chapter 11 of title 11 of the United States Code (the \"Bankruptcy Code\") with the Bankruptcy Court to commence the Chapter 11 Cases and also filed a pre-arranged chapter 11 plan of reorganization as contemplated by the Restructuring Support Agreement.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/748790/000121390025074670/0001213900-25-074670-index.htm"}},{"accession":"0001213900-26-025721","ticker":"NINE","company_name":"Nine Energy Service, Inc.","filed_at":"2026-03-10T23:59:59+00:00","headline":"Nine Energy emerges from Chapter 11; old equity canceled, new common issued to noteholders","event_type":"other_material","sec_items":["1.01","1.02","1.03","2.03","3.02","3.03","5.01","5.02","5.03","9.01"],"materiality_score":1.0,"calibrated_materiality_score":1.0,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 2.03, 5.02, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-025721","json":"https://secwatch.observer/filing/0001213900-26-025721.json","markdown":"https://secwatch.observer/filing/0001213900-26-025721.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026025721/0001213900-26-025721-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026025721/ea0280259-8k_nineenergy.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"On March 4, 2026, the Bankruptcy Court entered an order confirming the Plan.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026025721/0001213900-26-025721-index.htm"}},{"accession":"0001104659-26-023855","ticker":"CMLS","company_name":"CUMULUS MEDIA INC","filed_at":"2026-03-05T23:59:59+00:00","headline":"Cumulus Media files prepackaged Ch.11; $592M debt equitized; equity cancelled for no recovery","event_type":"other_material","sec_items":["1.01","1.03","2.04","5.02","7.01","8.01","9.01"],"materiality_score":1.0,"calibrated_materiality_score":1.0,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 5.02, 8.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-023855","json":"https://secwatch.observer/filing/0001104659-26-023855.json","markdown":"https://secwatch.observer/filing/0001104659-26-023855.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926023855/0001104659-26-023855-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926023855/tm267873d1_8k.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"On March 4, 2026 (i.e., the Petition Date), the Company Parties filed voluntary petitions to commence the Chapter 11 Cases in the Bankruptcy Court to implement the Plan effectuating the Restructuring","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926023855/0001104659-26-023855-index.htm"}},{"accession":"0001213900-26-010501","ticker":"NINE","company_name":"Nine Energy Service, Inc.","filed_at":"2026-02-02T23:59:59+00:00","headline":"Nine Energy files Chapter 11; $125M DIP financing, common stock canceled for no value","event_type":"other_material","sec_items":["1.01","1.03","2.03","2.04","7.01","8.01","9.01"],"materiality_score":0.9,"calibrated_materiality_score":0.9,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 2.03, 8.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-010501","json":"https://secwatch.observer/filing/0001213900-26-010501.json","markdown":"https://secwatch.observer/filing/0001213900-26-010501.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026010501/0001213900-26-010501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026010501/ea0274803-8k_nineenergy.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"On February 1, 2026 (the “Petition Date”), Nine Energy Service, Inc. (the “Company”) and certain of its subsidiaries","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026010501/0001213900-26-010501-index.htm"}},{"accession":"0001193125-25-224251","ticker":"WOLF","company_name":"WOLFSPEED, INC.","filed_at":"2025-09-30T23:59:59+00:00","headline":"Wolfspeed emerges from Chapter 11; old equity cancelled, new shares issued, board overhauled","event_type":"other_material","sec_items":["1.01","1.02","1.03","2.03","3.02","3.03","5.01","5.02","5.03","7.01","9.01"],"materiality_score":1.0,"calibrated_materiality_score":1.0,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 2.03, 5.02, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-224251","json":"https://secwatch.observer/filing/0001193125-25-224251.json","markdown":"https://secwatch.observer/filing/0001193125-25-224251.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/895419/000119312525224251/0001193125-25-224251-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895419/000119312525224251/d22768d8k.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"The Company emerged from the Chapter 11 Cases on September 29, 2025.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/895419/000119312525224251/0001193125-25-224251-index.htm"}},{"accession":"0001104659-26-044909","ticker":"CMLS","company_name":"CUMULUS MEDIA INC","filed_at":"2026-04-17T23:59:59+00:00","headline":"Cumulus Media's Chapter 11 plan confirmed; eliminates ~$600M debt, existing equity cancelled","event_type":"other_material","sec_items":["1.03","5.02","7.01","8.01","9.01"],"materiality_score":0.95,"calibrated_materiality_score":0.95,"match_reasons":["same fact type: distress_event","same SEC item: 1.03, 5.02, 8.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-044909","json":"https://secwatch.observer/filing/0001104659-26-044909.json","markdown":"https://secwatch.observer/filing/0001104659-26-044909.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926044909/0001104659-26-044909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926044909/tm2611967d1_8k.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"on March 4, 2026, Cumulus Media Inc. (the “Company”) and certain of its direct and indirect subsidiaries (collectively with the Company, the “Company Parties”) commenced filing voluntary petitions (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000110465926044909/0001104659-26-044909-index.htm"}},{"accession":"0001213900-26-012975","ticker":"NINE","company_name":"Nine Energy Service, Inc.","filed_at":"2026-02-06T23:59:59+00:00","headline":"Nine Energy files Chapter 11, enters $125M DIP facility; NYSE delists stock","event_type":"other_material","sec_items":["1.01","1.03","2.03","3.01","9.01"],"materiality_score":0.95,"calibrated_materiality_score":0.95,"match_reasons":["same fact type: distress_event","same SEC item: 1.01, 1.03, 2.03, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-012975","json":"https://secwatch.observer/filing/0001213900-26-012975.json","markdown":"https://secwatch.observer/filing/0001213900-26-012975.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026012975/0001213900-26-012975-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026012975/ea0275482-8k_nineenergy.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"on February 1, 2026, the Company and certain of its subsidiaries (collectively with the Company, the \"Company Parties\") filed voluntary petitions (the \"Chapter 11 Cases\") under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the \"Bankruptcy Court\") to implement a prepackaged chapter 11 plan of reorganization (the \"Plan\").","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1532286/000121390026012975/0001213900-26-012975-index.htm"}},{"accession":"0001493152-26-003699","ticker":"TWNPQ","company_name":"Twin Hospitality Group Inc.","filed_at":"2026-01-27T23:59:59+00:00","headline":"Twin Hospitality files Chapter 11 with $403M debt; appoints restructuring directors and CRO","event_type":"other_material","sec_items":["1.03","2.04","5.02","7.01","8.01","9.01"],"materiality_score":1.0,"calibrated_materiality_score":1.0,"match_reasons":["same fact type: distress_event","same SEC item: 1.03, 5.02, 8.01, 9.01","same event type: other_material","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-003699","json":"https://secwatch.observer/filing/0001493152-26-003699.json","markdown":"https://secwatch.observer/filing/0001493152-26-003699.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/form8-k.htm"},"side_by_side_evidence":{"fact_type":"distress_event","source_excerpt":"On July 1, 2025 (the “Petition Date”), Marin Software Incorporated, a Delaware corporation (the “Company”), filed a voluntary petition for relief under chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), thereby commencing a chapter 11 case for the Company (the “Chapter 11 Case”). The case number is 25-11263","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm","comparable_excerpt":"On January 26, 2026 (the \" Petition Date \"), Twin Hospitality Group Inc. (\" we \", \" us \" or the \" Company \") and each of its direct and indirect subsidiaries, along with its parent company, FAT Brands Inc. (\" FAT Brands \") and each of FAT Brands’ other direct and indirect subsidiaries (collectively, the \" Debtors \"), commenced voluntary cases (the \" Chapter 11 Cases \") under chapter 11 of title 11 of the United States Code (the \" Bankruptcy Code \") in the United States Bankruptcy Court for the Southern District of Texas (the \" Bankruptcy Court \").","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/2011954/000149315226003699/0001493152-26-003699-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}