MARIN SOFTWARE INC: going-concern / distress — Marin Software files Ch 11 plan to cancel all common stock; DIP financing of $1.2M approved

MARIN SOFTWARE INC

Final DIP order approved $1.2M postpetition financing from YYYYY, LLC; $500k was available on July 3, 2025.
Plan of reorganization filed: all outstanding shares of common stock and equity awards will be canceled.
Holders of equity interests may receive pro rata share of any remaining cash after all claims are paid in full.
Kaxxa Holdings to receive up to 1,000 shares of new reorganized company common stock.
Combined hearing on disclosure statement and plan confirmation set for August 28, 2025; objections due August 21.

item 1.01 item 1.03 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MARIN SOFTWARE INC incurred loan of $1,200,000 with YYYYY, LLC.

Instrument: loan
Principal: $1,200,000
Counterparty: YYYYY, LLC
Event: incurrence

Exact text from the filing

the Company’s obtaining financing pursuant to that certain postpetition promissory note (the “DIP Note”), by and among the Company and YYYYY, LLC (“5Y”), in an aggregate maximum principal amount of $1,200,000 (the “DIP Financing”)

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Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

MARIN SOFTWARE INC entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2025-07-30).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2025-07-30

Exact text from the filing

On July 30, 2025, the Bankruptcy Court entered orders granting relief on several motions filed by the Company.

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41 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0000950170-25-102108

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