secwatch.observer — SEC 8-K summary
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Issuer:     Charge Enterprises, Inc. (—)
CIK:        0001277250
Form:       8-K
Filed at:   2024-03-12T23:59:59+00:00
Accession:  0001437749-24-007478
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 1.03, 2.03, 2.04, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charge Enterprises files prepackaged Chapter 11; plans to cancel all stock, convert Arena debt to equity
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- Filed Chapter 11 petition on March 7, 2024; prepackaged plan with Arena Investors.
- Plan cancels all existing preferred and common stock; Arena's secured debt converted to new equity.
- DIP financing up to $10M approved; confirmation hearing set for April 23, 2024.
- Company warns stockholders could experience significant or complete loss on investment.
- Stock trades OTC since Feb 29, 2024; Arena foreclosure actions stayed by bankruptcy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1277250/000143774924007478/0001437749-24-007478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1277250/000143774924007478/crge20240311c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007478

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