ENGLOBAL CORP: going-concern / distress — ENGlobal files Chapter 11 bankruptcy with subsidiaries, seeks DIP financing and sale process

ENGLOBAL CORP

Filed March 5, 2025 in Southern District of Texas; includes ENGlobal U.S., Government Services, and Technologies LLC.
Debtors seek debtor-in-possession financing and intend to present a stalking horse sale agreement to the court.
Filing triggered event of default under credit agreements with Alliance 2000 Ltd. and an unaffiliated lender; enforcement stayed.
Company warns that trading in its securities is highly speculative and recovery for holders may be minimal.
Advisors: Okin Adams Bartlett Curry (legal) and Getzler Henrich (restructuring) engaged.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

ENGLOBAL CORP entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas, Houston Division (petition 2025-03-05).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of Texas, Houston Division
Petition: 2025-03-05

Exact text from the filing

On March 5, 2025, ENGlobal Corporation (the “Company”) and certain of its wholly-owned direct and indirect subsidiaries, ENGlobal U.S., Inc., ENGlobal Government Services, Inc., and ENGlobal Technologies, LLC, (collectively, the "Debtors"), filed voluntary petitions (the “Petition,” and the cases commenced thereby, the “Chapter 11 Cases”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “Code”) in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”).

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001654954-25-002332

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.