Case filing & court posture: Linqto Texas, LLC and affiliates filed chapter 11 petitions on July 7, 2025 in the Southern District of Texas (Case No. 25-90186), jointly administered before Judge Alfredo R. Perez. Dkt. 1 The Debtors operated a fintech platform enabling investors to purchase indirect economic interests in pre-IPO private company securities.
Liquidity & financing path: The Debtors obtained a $20 million DIP credit facility from AG Acquisition 1 LLC (Axar Capital). Dkt. 16 The Court entered an interim DIP order on July 8, 2025 Dkt. 40 and the final DIP order on October 6, 2025. Dkt. 712
Restructuring outcome: The Debtors filed their Joint Chapter 11 Plan on December 5, 2025 Dkt. 1110 proposing a liquidating plan with wind-down trust structure. The Court conditionally approved the disclosure statement on December 11, 2025. Dkt. 1142 A First Amended Plan was filed on February 2, 2026. Dkt. 1522
Confirmation: The Court orally confirmed the plan and granted final approval of the disclosure statement on February 6, 2026, overruling or denying various objections. Dkt. 1559 Counsel was directed to file a proposed confirmation order incorporating the oral findings.
Current status: As of February 2026, the case is in the post-confirmation phase pending entry of the written confirmation order. The plan contemplates a wind-down trust to administer remaining estate assets and distributions.