Edgio files for chapter 11, enters stalking horse pact with Lynrock

Written by Emily J. Thompson, Senior Investment Analyst

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Updated: Sep 09 2024

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Chapter 11 Filing: Edgio has voluntarily filed for Chapter 11 bankruptcy in Delaware to facilitate the sale of its business, supported by primary lender Lynrock Lake, which has entered a stalking horse asset purchase agreement to acquire assets through a $110M credit bid.
Operational Continuity: The company plans to use court-supervised processes to maximize asset value while securing $15.6M in debtor-in-possession financing to maintain operations and employee payments during the sale process.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Edgio files for chapter 11, enters stalking horse pact with Lynrock

About the author

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