GST, Inc.

GST is now in post-effective-date plan administration, with its reorganization path largely set and the remaining docket activity focused on claim transfers, professional fees, and an August 6, 2026 omnibus hearing scheduled by the court’s Omnibus Hearing OrderDkt. 222.

The debtor filed Chapter 11 on December 11, 2025 after launching Grand Slam Track as a professional track and field league, completing three inaugural-season events, and running out of financing runway before revenue could scale. The CRO attributed the filing to high startup costs, Eldridge Industries’ withdrawal from a contemplated Series A investment, cancellation of the fourth 2025 event, creditor pressure, and a need to preserve the league’s intellectual property and athlete relationships; the same declaration described roughly $31.4 million of estimated debt, including secured Winners Alliance notes, unsecured Winners Alliance obligations, athlete obligations, and vendor debt, alongside only about $143,000 of petition-date cash and a proposed Winners Alliance DIP facility of up to $2.9 million First Day DeclarationDkt. 14.

The case then moved from first-day liquidity preservation into a sponsor-backed reorganization. GST’s amended combined disclosure statement and plan proposed a $6 million new value contribution, $500,000 of preference repayment proceeds, Winners Alliance exit financing to fund operations through December 31, 2026, cancellation of old equity, new ownership for the plan sponsor, and creditor recoveries that treated critical athlete and vendor claims more favorably than general unsecured claims . The plan supplement installed Nicholas Rubin as plan administrator to handle estate assets, claims reconciliation, reserves, and distributions after the effective date .