Lumio Holdings, Inc., a Lehi, Utah-based residential solar installer formed in December 2020 from the merger of five regional solar companies, filed for Chapter 11 protection on September 3, 2024 in the District of Delaware (Case No. 24-11916) before Judge J. Kate Stickles. At filing, Lumio had contracted from 37 states at 2021 launch to 16 states, following sector headwinds driven by elevated interest rates, California NEM 3.0 regulatory changes, and 2024 bankruptcies of competitors including SunPower and Titan Solar Power. White Oak Global Advisors provided $8 million in DIP financing. Initial stalking horse bid of $100 million (via LHX Home Services, LLC) was withdrawn; Zeo Energy Corp. emerged as winning bidder for $4 million cash and 6.2 million shares. The confirmed Plan of Liquidation became effective on February 18, 2025 with a liquidating trust. Unsecured creditors face uncertain recovery from an estimated $24.4–$111.9 million pool.
