Chapter 11: MobiTV Files for MobiTV started off March by filing for voluntary relief under

摘要

Chapter 11, saying it intends to use the proceeding to implement a restructure that will position the company for long-term sustainability and growth. It has received a commitment for a $15.5 million debtorin- possession financing facility to support the process, which may include a going-concern sale. MobiTV said the new facility, which is subject to court approval, will enable it to continue to operate the business and meet its financial obligations, including the timely payment of employee wages and benefits, continued provision of service to existing platform customers, and payment of other obligations during the chapter 11 cases. The restructuring is expected to be complete in 2Q21. Voluntary Bankruptcy