Edgio is in a post-effective-date wind-down, with the Edgio Liquidating Trust and reorganized debtor Mojo Merger Sub, LLC administering claims and remaining plan matters rather than pursuing an operating-company restructuring. Claims reconciliation remains at an early stage, and the Trust reported no cash disbursements or distributions for the quarter ended June 30, 2026 in its latest post-confirmation reportDkt. 149. The court has extended the deadline to object to claims through December 22, 2026 under the claims-deadline extension orderDkt. 143, leaving claim resolution as the principal near-term workstream.

Edgio filed chapter 11 on September 9, 2024 after accounting and capital-markets problems compounded an already constrained liquidity position. The company’s March 2023 announcement that it needed to restate results for 2020 through 2022 drove a share-price decline and Nasdaq compliance issues; its later transfer to the Nasdaq Capital Market triggered a “Fundamental Change” under an unsecured-notes indenture, accelerating repayment, while the resignation of its auditor and delayed annual-report filing produced additional credit-agreement defaults. By the petition date, Edgio reported approximately $245 million across its priority term loan, secured notes and 2023 credit agreement. It had already launched a strategic sale process and entered into a Lynrock Lake stalking-horse agreement built around a $110 million secured-debt credit bid, while seeking Lynrock-backed DIP financing to fund operations and the sale process, as described in the first-day declarationDkt. 3.

The restructuring ultimately moved onto a sponsor-controlled plan and liquidation-track structure. Edgio’s April 2025 joint chapter 11 planDkt. 851 proposed that Lynrock’s allowed secured claims receive all new equity, new term loans, 90% of remaining sale proceeds and Class A liquidating-trust interests; general unsecured creditors would receive Class B trust interests tied to a recovery pool, while legacy equity would be cancelled. The plan also established the Liquidating Trust to reconcile claims and pursue retained causes of action, including specified D&O, auditor, litigation and avoidance claims, with recoveries allocated between the secured-creditor and unsecured-creditor trust classes under negotiated sharing percentages. Current activity reflects execution of that structure: the court recently sustained the seventh omnibus claims objectionDkt. 147, expunging duplicate, late, equity, and amended or superseded claims, and the related July 28 hearing was cancelled after the matters were resolvedDkt. 148. The Trust has identified December 31, 2026 only as a placeholder—not a firm date—for seeking a final decree, so closure depends principally on completing claims administration and the remaining trust work.