Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Post-Bankruptcy Stocks

Ezenia! Plan Effective

Ezenia!'s Amended Chapter 11 Plan became effective, and the Company emerged from bankruptcy protection. The U.S. Bankruptcy Court confirmed the Plan on June 2, 2015. The Company's restructuring includes financing provided by lenders including funds managed by MAST Capital Management. The proceeds of the financing will be used to repay existing creditors, to develop the Company's platform for insider threat detection, unified communications and desktop platform and for general corporate purposes. In connection with the financing transaction, MAST Capital Management and the other lenders will receive warrants to purchase 45% of the Company's outstanding shares on a fully diluted basis. This marketing communications provider filed for Chapter 11 protection in September 2011, listing $4.6 million.

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