Filing Alert: Benson Hill Chapter 11

Benson Hill, Inc. and its debtor affiliates⁽¹⁾, a Saint Louis, MO-based seed innovation company, filed for Chapter 11 protection on Mar. 20 in the U.S. Bankruptcy Court for the District of Delaware.

The company plans to sell substantially all assets under Section 363 while continuing operations in Chapter 11. It secured $11 million in DIP financing, pending court approval, to fund operations alongside existing cash reserves.

The company reports $137.5 million in assets and $110.7 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10539.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.

Chapter 11 Debtors

Top Unsecured Claims

Initial Budget

Key Parties

Counsel:

• Ian J. Bambrick
• Faegre Drinker Biddle & Reath LLP
• Email: ian.bambrick@faegredrinker.com

Signatories:

• Daniel Cosgrove – Interim Chief Executive Officer

Investment Banker:

• Piper Sandler

Financial Advisor:

• Meru, LLC

Claims Agent:

• Stretto, Inc.

Equity Security Holders:

• Blair Garrou – 5% or more Equity Interest
• Alphabet Holdings LLC – 5% or more Equity Interest
• XXVI Holdings Inc. – 5% or more Equity Interest
• Alphabet Inc. – 5% or more Equity Interest
• Grosvenor Food & AgTech Limited – 5% or more Equity Interest
• Argonautic Ventures Master SPC – 5% or more Equity Interest
• Chiu Wing Nga Rita – 5% or more Equity Interest
• S2G Investments, LLC – 5% or more Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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