secwatch.observer — SEC 8-K summary
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Issuer:     Loyalty Ventures Inc. (—)
CIK:        0001870997
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001870997-23-000016
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 3.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loyalty Ventures files Chapter 11; Nasdaq to delist stock effective March 30
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- Filed Chapter 11 petition on March 10, 2023 in Southern District of Texas (Case No. 23-90111).
- Nasdaq delisting notice received same day; trading suspended March 17, delisting effective March 30.
- Company will not appeal; stock may trade on Pink Open Market but no assurance of liquidity.
- Bankruptcy court entered interim order restricting stock transfers >4.5% beneficial ownership to preserve NOL tax attributes.
- Transaction Support Agreement signed with consenting stakeholders; joint administration with Canadian CCAA proceeding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870997/000187099723000016/0001870997-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870997/000187099723000016/lylt-20230310x8k.htm
  HTML page:      https://secwatch.observer/filing/0001870997-23-000016

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