BOWFLEX INC.: going-concern / distress — BowFlex Chapter 11 liquidation plan confirmed; shareholders to receive no distributions

BOWFLEX INC.

On Aug 19, 2024, Bankruptcy Court entered order confirming Second Amended Joint Chapter 11 Plan of Liquidation.
Plan effective date on or about Aug 23, 2024; all remaining assets transferred to a liquidation trust.
Shareholders not expected to receive any distributions; common stock canceled without consideration.
Company terminated SEC filing obligations via Form 15 on Apr 25, 2024; this is expected to be the last filing.
Liquidating Trustee UMB Bank, N.A. to wind down affairs and liquidate remaining assets.

item 1.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

BOWFLEX INC. entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2024-03-04).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of New Jersey
Petition: 2024-03-04

Exact text from the filing

As previously reported, on March 4, 2024, BowFlex Inc. (the “Company” or the “Debtor”) and its debtor affiliate (together, the “Company Parties” or the “Debtors”) filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code 11 U.S.C. §§ 101–1532 (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”), thereby commencing chapter 11 cases for the Debtors (the “Chapter 11 Cases”). The Chapter 11 Cases are jointly administered under the lead Debtor’s case In re BowFlex Inc., et al. , Case No. 24-12364.

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Source: SEC EDGAR

accession 0001078207-24-000095

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