secwatch.observer — SEC 8-K summary
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Issuer:     Cyxtera Technologies, Inc. (—)
CIK:        0001794905
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001794905-24-000006
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.03, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyxtera Chapter 11 plan effective; stock cancelled, board dissolved, assets sold
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- Plan became effective Jan 12, 2024; all common stock cancelled with no value.
- Substantially all assets sold to Phoenix Data Center Holdings LLC under Purchase Agreement.
- Board dissolved; officers including CEO Nelson Fonseca and CFO Carlos Sagasta resigned.
- Total assets ~$11.9M, total liabilities ~$103.1M per Nov 30, 2023 monthly report.
- Company to deregister common stock and cease SEC filings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794905/000179490524000006/0001794905-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794905/000179490524000006/cyxt-20240112.htm
  HTML page:      https://secwatch.observer/filing/0001794905-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer