---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-215572"
form_type: "8-K"
ticker: null
cik: "0001391127"
company_name: "Edgio, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:52:18.303061+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Edgio files Chapter 11, stalking horse APA with Lynrock for $110M credit bid

## Summary
- Asset Purchase Agreement with Lynrock affiliate for $110M credit bid; Lynrock is stalking horse bidder.
- DIP financing of $15.6M from Lynrock approved to fund operations during Chapter 11.
- Automatic acceleration of ~$94.4M (Credit Agreement), $141M (Indenture), $9.2M (Priority Credit Agreement).
- Sale process expected to complete in about 80 days; common stock likely delisted and may have no recovery.
- Company expects holders of common stock will experience complete or significant loss on investment.

## SEC filing metadata
- accession: 0001193125-24-215572
- form_type: 8-K
- cik: 0001391127
- company_name: Edgio, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1391127/000119312524215572/0001193125-24-215572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1391127/000119312524215572/d795614d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-215572
- JSON: https://secwatch.observer/filing/0001193125-24-215572.json
- Plain text: https://secwatch.observer/filing/0001193125-24-215572.txt

## Key facts
- Distress & Bankruptcy
  Edgio, Inc. entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2024-09-09).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the District of Delaware
  - Petition: 2024-09-09
  source text: On September 9, 2024 (the “ Petition Date ”), Edgio, Inc. (the “ Company ”) and certain of its direct and indirect subsidiaries (collectively, the “ Company Parties ”) filed voluntary petitions (the “ Chapter 11 Cases ”) under Chapter 11 of the U.S. Bankruptcy Code (the “ Bankruptcy Code ”) in the U.S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1391127/000119312524215572/0001193125-24-215572-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.