---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-23-000219"
form_type: "8-K"
ticker: null
cik: "0001500123"
company_name: "Item 9 Labs Corp."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:33:26.137348+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Item 9 Labs enters receivership; Chairman/Interim CEO resigns after entity he controls files for receiver

## Summary
- Receiver Jeremiah Foster (Resolute Commercial) appointed July 14, 2023 by Arizona Superior Court.
- Receiver granted full possession, custody, and control of all company property to maximize value for creditors and equity holders.
- Receiver requested by Viridis Group Holdings and Viridis Group I9 Capital, both controlled by Douglas Bowden (Chairman/Interim CEO) and Andrew Bowden (former CEO).
- Douglas Bowden resigned as Chairman and Interim CEO effective July 18, 2023; positions left vacant due to receivership.
- Court stipulation agreed to by the company; receivership covers all real, personal, tangible, and intangible property.

## SEC filing metadata
- accession: 0001554795-23-000219
- form_type: 8-K
- cik: 0001500123
- company_name: Item 9 Labs Corp.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500123/000155479523000219/0001554795-23-000219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500123/000155479523000219/inlb0720form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-23-000219
- JSON: https://secwatch.observer/filing/0001554795-23-000219.json
- Plain text: https://secwatch.observer/filing/0001554795-23-000219.txt

## Key facts
- Distress & Bankruptcy
  Item 9 Labs Corp. entered receivership in Superior Court of Arizona, County of Maricopa (petition 2023-07-11).
  - Proceeding: receivership
  - Court: Superior Court of Arizona, County of Maricopa
  - Petition: 2023-07-11
  source text: On July 11, 2023, Viridis Group Holdings, LLC (“VGH”) and Viridis Group I9 Capital LLC (“VI9”) collectively filed a motion, requesting the Superior Court of Arizona (“Court”), in the County of Maricopa, to appoint a receiver over Item 9 Labs Corp., a Delaware Corporation. The Company stipulated and agreed to the receiver appointment. On July 14, 2023, the Superior Court of Arizona, in the County of Maricopa appointed Jeremiah Foster, Resolute Commercial (“Receiver”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500123/000155479523000219/0001554795-23-000219-index.htm
- Executive change
  Douglas Bowden resigned as other_named_officer at Item 9 Labs Corp..
  - Action: resigned
  source text: Douglas Bowden – Resignation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500123/000155479523000219/0001554795-23-000219-index.htm

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