Filing Alert: Rad Power Bikes Chapter 11
Rad Power Bikes Files Chapter 11 in Eastern District of Washington
Rad Power Bikes Inc. and its debtor affiliate⁽¹⁾, a Seattle, WA-based manufacturer and direct-to-consumer retailer of electric bicycles and accessories, filed for Chapter 11 protection on Dec. 15 in the U.S. Bankruptcy Court for the Eastern District of Washington.
The company reports $32.1 million in assets and $72.8 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-02183.
⁽¹⁾ Summit Collective Incorporated.
Top Unsecured Claims
Key Parties
Counsel:
- Armand J. Kornfeld
Bush Kornfeld LLP
Email: jkornfeld@bskd.com
Signatories:
- Angelina M. Smith – Chief Executive Officer
Equity Security Holders:
- Mike Radenbaugh – 41.3% Equity Interest
- VCVC V LLC – 6.6% Equity Interest
- Durable Capital Master Fund LP – 5.8% Equity Interest
- Other Minority Holders – 46.3% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
Stay informed on every Chapter 11 bankruptcy case with liabilities exceeding $10 million. Subscribe for free to have our coverage delivered directly to your inbox, and explore our full archive of past summaries.
Explore Bondoro Insights for live case dockets and comprehensive coverage of material filings from petition to plan confirmation.
