Filing Alert: Archblock Chapter 11
Archblock Files Chapter 11 in District of Delaware
Archblock LLC and its debtor affiliates⁽¹⁾, a San Francisco, CA-based developer of decentralized finance protocols and issuer of stablecoins, filed for Chapter 11 protection on Feb. 6 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $1 million to $10 million in assets and $100 million to $500 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-10152.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- William E. Chipman, Jr.
Chipman Brown Cicero & Cole, LLP
Email: [email protected]
Counsel:
- Wollmuth Maher & Deutsch LLP
Signatories:
- Michael Bland – Authorized Person
Claims Agent:
Equity Security Holders:
- Alex de Lorraine – 56% Equity Interest
- William Wolf – 21.4% Equity Interest
- TrustToken, Inc. – 5.8% Equity Interest
- Diana Bushard – 5.6% Equity Interest
- Archblock (Holding) AG – 3.7% Equity Interest
- Other Minority Holders – 7.5% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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