Filing Alert: Splashlight Chapter 11
Splashlight Files Chapter 11 in Southern District of New York
Splashlight Holding LLC, the majority equity holder of the Splashlight Companies⁽¹⁾ and Telmar Parent Corporation⁽²⁾, filed for Chapter 11 protection on Feb. 12 in the U.S. Bankruptcy Court for the Southern District of New York.
The Splashlight Companies have evolved into a premier visual content provider, serving global brands and Fortune 500 companies, while the Telmar Companies⁽³⁾, now operating as TelmarHelixa, provide advanced advertising and media planning solutions through a data-driven audience intelligence platform.
The company reports $39 million in assets and $53.5 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10277.
⁽¹⁾ Includes Splashlight LLC, Mahogany Fine Foods and Catering LLC, Splashlight Photographic & Digital Studios, LLC, and Splashlight Technologies LLC.
⁽²⁾ Telmar Parent Corporation is the sole shareholder of Telmar Group, Inc. and Helixa, Inc.
⁽³⁾ Includes Telmar Group, Inc. and its subsidiaries: Telmar Information Services, Corp. (NY), Telmar HMS (Canada), Telmar Europe Limited (UK), Telmar CEE Limited (NY), Telmar International, Inc. (NY), and Telmar Communications, Inc. (NY).
Top Unsecured Claims
Key Parties
Counsel:
- Scott Simon
- Goetz Platzer LLP
- Email: ssimon@goetzplatzer.com
Signatories:
- James Ingram – Chief Executive Officer
Equity Security Holders:
- Liiv LLC – 79% Equity Interest
- Boathouse Capital II LP – 21% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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