8-K
filed April 30, 2024, 7:59 PM ET
CIK 0001277250
other material
confidence high
sentiment negative
materiality 1.00
Bankruptcy court confirms Charge Enterprises prepackaged plan; equity cancelled, delisting
Charge Enterprises, Inc.
- On April 24, 2024, Bankruptcy Court confirmed prepackaged Chapter 11 plan; effective date expected May 3, 2024.
- Arena Investors receives 100% of new common stock; all existing common and preferred stock cancelled with no recovery.
- Upon effectiveness, all officers (CEO Craig Denson, CFO Leah Schweller, CLO Jim Biehl) and entire 8-member board resign.
- Company will cease to be publicly traded; new common stock not listed on any exchange.
- Monthly operating report as of March 31, 2024: total assets ~$115M, total liabilities ~$70M (unaudited).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Benjamin Carson, Jr. resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jacky Wu resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jim Biehl departed as Chief Legal Officer at Charge Enterprises, Inc..
- Action
- separated
- Role
- Chief Legal Officer
Exact text from the filing
each of the Company’s named executive officers (Craig Denson, Leah Schweller, and Jim Biehl) will be separated from and will no longer be officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Leah Schweller departed as Chief Financial Officer at Charge Enterprises, Inc..
- Action
- separated
- Role
- Chief Financial Officer
Exact text from the filing
each of the Company’s named executive officers (Craig Denson, Leah Schweller, and Jim Biehl) will be separated from and will no longer be officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Fox resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chantel Lenard resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Jacobs resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig Denson departed as Chief Executive Officer at Charge Enterprises, Inc..
- Action
- separated
- Role
- Chief Executive Officer
Exact text from the filing
each of the Company’s named executive officers (Craig Denson, Leah Schweller, and Jim Biehl) will be separated from and will no longer be officers of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Justin Deutsch resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amy Hanson resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Craig Denson resigned as Director at Charge Enterprises, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each member of the Company’s board of directors (Amy Hanson, Craig Denson, Andrew Fox, Benjamin Carson, Jr., Justin Deutsch, Gary Jacobs, Chantel Lenard and Jacky Wu) tendered his or her resignation to the Company, to be effective upon the Effective Date.
View on SEC.gov
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