Filing Alert: iM3NY Chapter 11

iM3NY LLC, an Endicott, NY-based battery manufacturer, filed for Chapter 11 protection on Jan. 27 in the U.S. Bankruptcy Court for the District of Delaware. iM3NY LLC filed alongside affiliate Imperium3 New York, Inc.

The company reports $50 million to $100 million in assets and $100 million to $500 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors. The case number is 25-10131.

Top Unsecured Claims

Key Parties

• Counsel:
  • Name: William E. Chipman, Jr.
  • Firm: Chipman Brown Cicero & Cole, LLP
  • Email: chipman@chipmanbrown.com
• Signatories:
  • Name: Lukasz P. Cianciara
  • Title: Chief Executive Officer
• Equity Security Holders:
  • Magnis Energy Technologies Ltd. (61.1%)
  • Charge CCCV LLC (37.7%)
  • Primet Precision Materials, Inc. (0.5%)
  • C&D Assembly, Inc. (0.7%)

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

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