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Skadden Discusses De-SPACed Companies Seeking Chapter 11 Protection

Reynolds Holding

Most de-SPACed companies that have filed for bankruptcy over the past year are early-stage technology or biotechnology companies strained by growing economic headwinds. The sale price or the value placed on the business in the reorganization plan typically falls well short of the valuation implied by the company’s earlier de-SPAC transaction.

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The Corporate Restructuring Machine: How AI Could Improve Workouts

Reynolds Holding

Those rules and practices, though, became obsolete.They worked for companies whose capital structures were concentrated, homogeneous, and stable such as when financing was provided by a handful of commercial banks in a syndicated loan.