Sequential Brands Group Commences Voluntary Chapter 11 Proceedings

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Go back to Sequential Brands Group Commences Voluntary Chapter 11 Proceedings

Sequential Brands (SQBG) Halted on Volatility After Gain

September 1, 2021 9:39 AM EDT

Sequential Brands (NASDAQ: SQBG) halted on volatility as shares gain 10% despite filing for bankruptcy yesterday.

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Sequential Brands (SQBG) Confirms it Has Commenced Voluntary Chapter 11 Proceedings

August 31, 2021 9:36 AM EDT

Sequential Brands Group, Inc. (NASDAQ: SQBG) today announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.

The Company determined that, as a result of the significant debt on its corporate balance sheet, it was no longer able to operate its portfolio of brands. Accordingly, in conjunction with the filing, the Company will pursue the sale of all or substantially all of its assets under Section 363 of the U.S.... More