Delivery Agent, Inc., a provider of one of the leading and most advanced entertainment platforms to monetize entertainment content based in San Francisco, CA, and three of its affiliates have filed for chapter 11 bankruptcy protection before the United States Bankruptcy Court for the District of Delaware (Main Case No. 16-12051). According to the debtors, a failed IPO and the acquisition of The Band, Inc., a media agency based in Denver, whose operations were subsequently discontinued, have, among other things, led to the debtors’ bankruptcy filings. The debtors indicate that they have entered into an asset purchase agreement with Hillair Capital Management LLC as the stalking horse bidder and the proposed debtor-in-possession lender and have filed motions seeking authority to sell their assets and obtain financing.
The petition (including the consolidated list of the top 30 creditors), the first day declaration and the docket are available through Epiq.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.