Filing Alert: Character.ai Chapter 11

Character Technologies, Inc. (dba Character.ai), a Redwood City, CA-based developer of a consumer AI platform that lets users create and converse with customizable AI characters, filed for Chapter 11 protection on Oct. 12 in the U.S. Bankruptcy Court for the District of Delaware.

The company reports $50 million to $100 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-11603.

Top Unsecured Claims

Key Parties

Counsel:

• Erin R. Fay
  Wilson Sonsini Goodrich & Rosati, P.C.
  Email: efay@wsgr.com

Conflicts Counsel:

• Young Conaway Stargatt & Taylor, LLP

Investment Banker:

• Houlihan Lokey

Financial Advisor:

• Areté Partners

Signatories:

• Colin M. Adams – Chief Executive Officer

Claims Agent:

• Stretto, Inc.

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

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