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Industrials & manufacturing coverage - ElevenFlo

Industrials & manufacturing coverage

94 articles

Week of May 18, 2026

Nikola Assets Sold to Lucid, Liquidating Trust Addresses Trevor Milton Claims

Nikola Corporation (NASDAQ: NKLA) filed chapter 11 in Delaware on Feb. 19, 2025, after failing to find a buyer pre-petition. Assets sold via 363 to Lucid; liquidating plan went effective Dec. 12, 2025. Milton's presidential pardon spawned ISSO claims.

Miyoshi America’s Chapter 11 Case Closes After Talc Trust Plan Takes Effect

Miyoshi America’s Chapter 11 case closed September 21, 2026, after its talc trust plan took effect. The debtor reported funding the trust with $19 million in cash and a $1 million secured note.

First Brands Group: Liquidating Plan Follows $2.3B Fraud Collapse

First Brands Group filed chapter 11 in September 2025 amid alleged $2.3B factoring fraud. By May 2026 the case resolved into a liquidating plan, a $80M section 363 TMD sale, and a U.S. Trustee motion to convert or dismiss.

Week of May 11, 2026

LYCRA Reorganization Ends With Remaining Affiliate Case Closed

LYCRA’s remaining affiliate case closed effective July 31, 2026, under an August 24 decree. Its effective prepackaged plan provided new securities to financial creditors and preserved unimpaired general unsecured claims.

Aceto Corporation: $380M New Mountain Chemicals Sale and Chapter 11 Liquidation

Aceto's chapter 11 in D.N.J. ran dual 363 sales: Chemical Plus to New Mountain Capital for ~$380M after a competitive auction; Rising Pharma to Shore Suven. Liquidating plan effective Oct. 2019; Chemical Plus general unsecured creditors paid in full; Rising Pharma GUC at 26.9%.

Week of May 4, 2026

Ideanomics Liquidating Plan Confirmed: WAVE Sale to Tillou and Wind-Down Trust

Ideanomics filed chapter 11 in D. Del. on Dec 4, 2024 with \~$30.5M of funded debt and \~$189K in cash. Tillou acted as DIP, stalking horse, and credit-bid buyer of WAVE; JVIS bought VIA Motors. Judge Goldblatt confirmed the plan over a UST third-party-release objection.

Water Gremlin: TCE-Driven Chapter 11 and Liquidating Plan

Water Gremlin Company filed chapter 11 in D. Del. on Oct 27, 2023 with 90+ TCE tort plaintiffs and $33M+ in remediation costs. Aquila sold to Accuma, U.S. assets to Otter Lake ($24.1M combined). Plan confirmed Aug 1, 2025 with $14.4M Okabe contribution and $27.25M TCE settlement.

Serta Simmons Bedding: 2020 Uptier, Fifth Circuit Reversal, and Damages Remand

Serta Simmons Bedding filed chapter 11 in S.D. Tex. on January 23, 2023. The plan confirmed June 14, 2023 went effective June 29. In December 2024, the Fifth Circuit reversed the 2020 uptier and excised the plan's lender indemnification; damages remand pending.

Taronis Fuels: SEC Fraud Drives Chapter 11 Liquidation With Sequential Asset Sales

Taronis Fuels filed chapter 11 in Delaware Nov. 2022 after SEC accounting-fraud investigation drove Tech Capital default. Sequential asset sales in Florida, Texas, and California totaled ~$25.7M. Liquidating plan confirmed Aug. 2024; GUC recovery ~9.2%; case closed Dec. 2025.

NBG Home: Quoizel Emerges From Sycamore's $413M Home Décor Chapter 11

Sycamore-backed home décor wholesaler NBG Home filed chapter 11 in S.D. Texas Feb 2023 with $413M in funded debt. KKR and Silver Point provided $60M in DIP financing and served as plan sponsors. The hybrid plan reorganized Quoizel and wound down the AHD entities via cramdown confirmation.

Week of April 27, 2026

FreshRealm Wins Confirmation of Liquidating Plan After Misfits Market Sale

FreshRealm’s chapter 11 plan was confirmed September 28, 2026, following the court-approved Blue Apron settlement and the June closing of its Misfits Market sale. The liquidating plan provides for a wind-down and trust distributions, subject to its effective-date conditions.

National Railway Equipment: Great Rock's One-Day $2.4M Demand Triggers Chapter 11

National Railway Equipment filed chapter 11 after Great Rock demanded $2.4M in one business day, with a marine-unit sale and recapitalization planned.

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