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Ascend Elements is at the confirmation stage of a proposed liquidation: the August 17 confirmation hearing has occurred, but the available courtroom minutes record appearances only and do not state a ruling or disposition. The debtors’ hearing agenda Dkt. 656 identified final approval of the combined disclosure statement and confirmation of the joint liquidating plan as the principal matter, while the hearing minutes Dkt. 657 leave confirmation status unresolved on this record. The battery-materials manufacturer and its affiliate commenced Chapter 11 on April 9, 2026. In support of the filing, management attributed the liquidity crisis to the halted, partially completed Apex 1 project amid a dispute with its prime contractor, utility-connection delays at the Georgia facility, and battery-materials market volatility; it also described a capital structure including secured convertible notes, contractor lien claims, and unsecured obligations in the first-day declaration Dkt. 11. The initial operating bridge was consensual cash-collateral use, authorized on an interim basis with adequate-protection liens and superpriority claims for prepetition secured parties under the interim cash-collateral order Dkt. 74. The case has since moved from preserving operations…
Updated Aug 18, 2026
Certificate of Service re: 1) Fifth Notice of Rejection of Certain Executory Contracts and Unexpired Leases (and the Abandonment of Property); 2) Order Granting Final Approval of Disclosure Statement and Confirming the Combined Disclosure Statement and Plan of Liquidation of Ascend Elements, Inc., et al.; 3) Debtors Agenda of Matters Set for Hearing on August 17, 2026 at 1:00 p.m. (Prevailing Central Time); and 4) Order Granting Final Approval of Disclosure Statement and Confirming the Combined Disclosure Statement and Plan of Liquidation of Ascend Elements, Inc., et al. (Filed By Kurtzman Carson Consultants, LLC d/b/a Verita Global ).(Related document(s):[654] Notice, [655] Proposed Order, [656] Agenda, [659] Order Approving Disclosure Statement, Order Confirming Chapter 11 Plan) (Gershbein, Evan)
Docket 665 · Aug 20, 2026
Certificate of Service re: First and Final Fee Application of Jefferies LLC as Investment Banker to the Debtors and Debtors in Possession for the Fee Period from April 9, 2026 Through July 31, 2026 (Filed By Kurtzman Carson Consultants, LLC d/b/a Verita Global ).(Related document(s):[661] Application for Compensation) (Gershbein, Evan)
Docket 666 · Aug 20, 2026
Certificate of Service (Supplemental) re: Notice of Filing of Amended Plan Supplement for Joint Plan of Liquidation for Ascend Elements, Inc., et al (Filed By Kurtzman Carson Consultants, LLC d/b/a Verita Global ).(Related document(s):[647] Notice, [653] Certificate) (Gershbein, Evan)
Docket 664 · Aug 19, 2026
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