Bondoro Insights: Weekly Docket Update

This Week's Key Filings

Finch Therapeutics Group, Inc.

• Case Summary
  • Finch Therapeutics has filed for Chapter 11 bankruptcy following the discontinuation of its lead drug program, a burdensome unused commercial lease, and deteriorating liquidity amid unresolved post-trial proceedings in a more than $25 million patent verdict against Ferring Pharmaceuticals, pursuing a Section 363 sale of its intellectual property portfolio and proprietary strain library funded by $3.5 million in cash on hand.
• Bidding Procedures Summary
  • Finch Therapeutics filed a motion to establish bidding procedures for a sale of all or substantially all assets, primarily an intellectual property portfolio of over 160 issued patents and pending applications covering microbiome therapeutics along with a proprietary strain library and proceeds from a patent infringement jury verdict against Ferring Pharmaceuticals and Rebiotix, proposing a May 22 bid deadline and May 27 auction with no stalking horse designated but procedures permitting selection of one by April 30, as the non-operating debtors seek to conduct the process solely with remaining cash on hand.

Crosby Marine Transportation, LLC

• Case Summary
  • Crosby Marine Transportation has filed for Chapter 11 bankruptcy following a contraction in Gulf of America offshore energy operations, cuts to coastal restoration funding, and a destructive merchant cash advance spiral that precipitated an emergency liquidity crisis, pursuing dual-track sale and recapitalization processes backed by a $60 million DIP facility provided by JMB Capital Partners.
• DIP Terms
  • Crosby Marine Transportation is seeking interim approval for a $60 million JMB Capital Partners-led superpriority DIP facility structured as $30 million in new money—$10 million available at interim—and a $30 million dollar-for-dollar roll-up of prepetition obligations acquired from Hancock Whitney Bank days before the filing, priced at 12% cash interest with a 2% commitment fee and 5% exit fee, with an outside maturity of September 30, 2026.

Clintwood JOD, LLC

• Case Summary
  • Clintwood JOD, LLC and JOD Mineral Properties, LLC have filed for Chapter 11 bankruptcy following the collapse of their post-acquisition capital structure, amid the abandonment by parent Mine & Rail Corporation — whose alleged insolvency was exposed by litigation from funder Tacora Capital, cutting off operational funding — and a liquidity crisis triggered by sole revenue conduit Square Resources withholding approximately $2.5 million in payments for coal already mined and sold, pursuing a going-concern asset sale backed by DIP financing from Capital Land Co.

NRPF Group Two, LLC

• Case Summary
  • Neighborhood Restaurant Partners, an Applebee's franchisee operating 53 casual dining locations across Florida, Georgia, and Alabama, has filed for Chapter 11 bankruptcy amid prolonged operational decline, negative EBITDA driven by inflationary pressures eroding its core customer base, and a failed prepetition marketing process that drew no viable buyers, pursuing a Section 363 going-concern sale with expected stalking horse support from an affiliate of franchisor Dine Brands.

Mars FX US LP

• Case Summary
  • Mars FX US has filed for Chapter 11 bankruptcy after trading platform operator Tech RealFX failed to honor an approximately $566.7 million withdrawal request, amid disputed asset custody across multiple jurisdictions and the liquidation of its Cayman Islands affiliates, seeking to preserve time-sensitive audit claims and coordinate cross-border recovery efforts through ongoing BVI litigation and multi-jurisdictional discovery.

Inspired Healthcare Capital Holdings, LLC

• DIP Terms
  • Inspired Healthcare Capital obtained final approval for a $45 million senior secured superpriority delayed-draw term loan DIP facility provided by JDI Loans and DST DIP, replacing an interim facility from Lapis Municipal Opportunities Fund V paid off at approximately $11.1 million, carrying 10% cash interest per annum with a 365-day maturity extendable twice in six-month increments at 0.50% per extension, and subject to a $2.5 million post-trigger professional fee carve-out.

Nine Energy Service, Inc.

• Nine Energy Service - Sale and Investment Solicitation Process Summary
  • Nine Energy Service filed a Sale and Investment Solicitation Process motion to sell substantially all assets — including warehouse, e-commerce operations, and North American corporate assets — designating Venture Group Investors of Calgary as stalking horse bidder at a $1.24 billion purchase price (with a $500 million debt floor) contemplating a reverse public market debt-to-equity conversion supported by lenders.

Dynacq Healthcare, Inc.

• APA Summary
  • Dynacq Healthcare closed a $6.25 million sale of substantially all assets of its Pasadena, Texas-based physician-owned hospital to GrayStreet BIB Credit and Legent Hospital Northwest Houston, with GrayStreet acquiring the real property and Legent acquiring the operating assets, intellectual property, and Medicare certification number, funded in part through a credit bid from DIP lender Caliburn Capital, pursuant to a sale order waiving the 14-day stay and subject to pending CMS change-of-ownership applications and a post-closing transition services agreement permitting Legent to bill under the existing Medicare provider number.

About Bondoro Insights Summaries

Our goal with Bondoro Insights is to provide you with faster, broader coverage on active Chapter 11 cases. These summaries are generated by Bondoro's proprietary AI, tuned on our historical coverage and validated against source filings. While accuracy is a priority, they are intended for immediate informational purposes, may contain errors, and are not a substitute for professional or legal advice. Please refer to the source filings for definitive information.

This AI-powered coverage is designed to supplement our comprehensive, analyst-written case summaries.

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