Filing Alert: Watchtower Firearms Chapter 11

Watchtower Firearms, LLC, a Frisco, TX-based firearms manufacturer, filed for Chapter 11 protection on Feb. 27 in the U.S. Bankruptcy Court for the Northern District of Texas.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-40684.

Top Unsecured Claims

Key Parties

Counsel:

• Joseph Acosta
• Condon Tobin
• Email: jacosta@condontobin.com

Signatories:

• Jason Colosky – CEO

Equity Security Holders:

Common Stock

• Jason Colosky – 100.0%

Preferred Stock

• WTF Resources, LLC – 37.8%
• Jason Colosky – 9.5%
• Function 1 Consulting Group – 9.5%
• Other Preferred Stockholders – 43.2%

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

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