Filing Alert: Powin Chapter 11
Powin Files Chapter 11 in District of New Jersey
Powin, LLC and its debtor affiliates⁽¹⁾, a Tualatin, OR-based energy storage platform provider, filed for Chapter 11 protection on Jun. 10 in the U.S. Bankruptcy Court for the District of New Jersey.
The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-16137.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Conflict & Efficiency Counsel:
- Frank A. Oswald
- Togut, Segal & Segal LLP
- Email: frankoswald@teamtogut.com
General Bankruptcy Counsel:
- Dentons US, LLP
Investment Banker:
- Huron Transaction Advisory LLC
Financial Advisor / CRO:
- Uzzi & Lall (Gerard Uzzi)
Signatories:
- Chad Paulson – Authorized Signatory
Claims Agent:
Equity Security Holders:
- Powin Energy Intermediate, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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