Case filing & court posture: Desktop Metal, Inc. and 15 affiliated debtors filed chapter 11 on July 28, 2025 in the U.S. Bankruptcy Court for the Southern District of Texas (Houston Division), Case No. 25-90268. Dkt. 1 Judge Christopher M. Lopez presides.
Liquidity & financing path: The debtors funded operations through cash collateral only (no DIP facility). Dkt. 71 Interim cash collateral order was entered August 4, 2025. Dkt. 117
Restructuring outcome: Foreign subsidiaries were sold to Anzu for $10 million on the petition date. Dkt. 13 The debtors pursued a liquidating plan, which was confirmed on September 30, 2025. Dkt. 408
Plan effective date & post-confirmation: The plan became effective on September 30, 2025 (same day as confirmation). Dkt. 412 Province Fiduciary Services, LLC was appointed as Plan Administrator to administer the Administration Trust.
Current status: The case remains open post-effective date, with the Administration Trust winding down remaining assets and claims. No final decree has been entered.
