Bondoro Insights: Weekly Docket Update

Before this week's filings — a milestone: Turnarounds & Workouts has included Bondoro in its Top Internet Bankruptcy Resources, featured in the May 2026 issue alongside established names such as Bloomberg Law, Westlaw, and the American Bankruptcy Institute.

We're grateful for the recognition, and grateful to everyone reading along. If Bondoro's been useful to you, forward it to a colleague who'd value it too.

Now, to this week's filings:

This Week's Key Filings

Bitcoin Depot Inc.

• Bidding Procedures Summary
  • Bitcoin Depot filed an emergency motion to approve bidding procedures for a sale of all or substantially all of their assets, proposing a June 24, 2026 bid deadline and June 29 auction ahead of a July 2 sale hearing, with no stalking-horse bidder and no bid protections, and the wind-down sale coordinated with ancillary CCAA proceedings in the Ontario Superior Court of Justice.

Harvest Sherwood Food Distributors, Inc.

• DIP Terms
  • Harvest Sherwood Food Distributors filed a motion seeking approval of a $150 million senior secured superpriority replacement DIP revolving facility administered by Atlas Grove Management that refinances the debtors' existing DIP facility (roughly $73 million outstanding) to fund their wind-down, with $110 million available immediately and an additional $40 million accessible solely if JPMorgan Chase draws on its letter of credit, priced at 13% PIK interest and maturing October 31, 2026.

Wiser Solutions, Inc.

• Bidding Procedures Summary
  • Wiser Solutions obtained approval of bidding procedures to sell substantially all assets, designating CL Mateo-A, an affiliate of Crestline Investors, as the stalking horse bidder with a $90 million credit bid of its DIP and prepetition obligations ahead of a June 18 auction and June 23 sale hearing.

Reliz Technology Group Holdings Inc.

• Plan Terms
  • Reliz Technology Group Holdings' Chapter 11 plan contemplates the sale of substantially all assets — including proprietary technology, IP, customer list, and equity interests in certain non-debtor entities — to Keyrock S.A. for up to $3.25 million, subject to a final APA, regulatory approvals, and the court-approved bidding procedures, with sale approval targeted for June 16, 2026. Unsecured creditors recover on a Debtor-by-Debtor basis through Series A–D GUC Trust interests (Classes 6A–6D) backed by non-transferred assets and vested causes of action, which may include potential estate claims relating to an approximately $100 million balance-sheet shortfall under Committee investigation, though the Plan's proposed releases may encompass those claims. The ~$5.6 million Celsius claim, treated as secured under the Plan, is slated for full payment, subject to the Committee's ongoing lien investigation and reserved challenge to its secured status. Convenience-class holders share a fixed $850,000 pool, with individual recoveries depending on final allowed convenience claims. Remaining unsecured creditors receive their pro rata share of distributable assets plus the applicable Series of GUC Trust interests; asset distributions are made in cryptocurrency (in-kind where practicable) or cash at the GUC Trustee's discretion, with claims valued as of the petition date.

Miyoshi America, Inc.

• DIP Terms
  • Miyoshi America obtained final approval for a $20 million senior secured superpriority DIP facility from affiliated prepetition lender Miyoshi Kasei, structured as $5 million in new-money term loans alongside a $15 million cashless, dollar-for-dollar roll-up of prepetition principal (a 3:1 roll-up-to-new-money ratio).

iPic Theaters, LLC

• Subchapter V Plan Terms
  • iPic Theaters' Subchapter V plan of liquidation centers on the orderly wind-down of its 12-location theater portfolio through court-approved asset sales, with Cinemex Holdings USA (winning bid of $7.5 million) and Blue Fox Theater (winning bid of $500,000) emerging from the auction and a subsequent set of interrelated agreements reallocating individual locations between them; net sale proceeds will fund pro rata distributions to general unsecured creditors before any residual value flows to sole equity holder Retirement Systems of Alabama (RSA).

John Fitzgibbon Memorial Hospital, Inc.

• DIP Terms
  • John Fitzgibbon Memorial Hospital filed a motion seeking interim and final approval of a priming superpriority DIP facility that pairs a $4 million new-money loan with a roll-up of prepetition bond obligations equal to roughly twice the new money advanced. The facility carries 8.25% PIK interest, a 10.25% default rate, and a 2% exit fee, and is being provided only in conjunction with — and to fund operations through — a Section 363 sale of substantially all assets to Strawberry Fields REIT and a subsequent Chapter 11 plan, ahead of a maturity equal to the earlier of conversion to Chapter 7, a plan effective date, or November 30, 2026.

Premium Edge, LLC

• Case Summary
  • Premium Edge has filed for Chapter 11 bankruptcy after pandemic-era operating losses, including higher staffing costs, and sharp increases in real estate taxes and insurance premium costs — up 79% and 236%, respectively — contributed to its inability to service approximately $32.5 million in senior living revenue bond obligations on current terms. The company is pursuing either a going-concern sale or refinancing to preserve operations, protect residents, and maximize recoveries for key stakeholders after talks to extend a forbearance agreement stalled following secondary-market trading that shifted majority bondholder control.

Glenwood Caverns Holdings LLC

• Bidding Procedures Summary
  • Glenwood Caverns Holdings obtained approval of bidding procedures to sell all or substantially all of its assets or 100% of the reorganized equity through a Chapter 11 plan, authorizing the debtor to designate a stalking horse bidder by June 8, 2026 with bid protections capped at 3% of the purchase price for a non-insider (or expense reimbursement up to $250,000 for an insider), ahead of a July 17 bid deadline and July 24 auction, with qualifying bids required to pay priority and administrative claims and to pay or assume the secured claim of prepetition lender Community Banks of Colorado.

Elite Equipment Leasing LLC

• Section 363 Sale Summary
  • Elite Equipment Leasing and its affiliated debtors filed a motion under Bankruptcy Code § 363(f) to sell over 150 lots of specialized cranes, heavy construction equipment, and vehicles free and clear of liens at a public auction commencing June 16, 2026, retaining Jeff Martin Auctioneers, Inc. to market and conduct the sale and permitting secured creditors holding undisputed liens and allowed secured claims to credit bid up to their allowed secured claims, with valid liens attaching to proceeds and net proceeds distributed by lien priority to pay down allowed secured debt as part of the debtors’ downsizing contemplated by their pending Chapter 11 plan of reorganization.

NRPF Group Two, LLC

• Sale Approval / APA Summary
  • NRPF Group Two, LLC and its affiliated debtors obtained approval to sell substantially all of the assets of their Applebee's Neighborhood Grill & Bar franchised restaurants across Florida, Georgia, and Alabama to stalking horse bidder Applebee's Restaurants Mid-Atlantic, LLC, which was designated the winning bidder after the auction was cancelled for lack of competing qualified bids, for a purchase price comprising a $1,000,000 closing cash payment (less the deposit), the release of approximately $6.9 million in prepetition liabilities, and the assumption of certain assumed liabilities.

Clintwood JOD, LLC

• Bidding Procedures / APA Summary
  • Clintwood JOD obtained approval of bidding procedures to sell substantially all of their mining and mineral assets free and clear of liens, claims, and encumbrances, authorizing the designation of a stalking horse bidder by June 5 ahead of a June 12 bid deadline and June 15 auction, with credit bid rights preserved under section 363(k) and equipment lenders Align Equipment Finance, Caterpillar Financial Services, and Community Trust Bank each deemed qualified credit bidders.

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-led case summaries.

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