The court approved dismissal of Boundless Broadband’s Chapter 11 cases after the debtors completed their asset-sale process but could not fund a plan or a Chapter 7 conversion. In the dismissal motion, Boundless said it had sold substantially all operating assets to ITG Communications, with ClearPlan designated for rights, in a sale approved September 16, 2025 and closed September 17, and later sold contract-termination claims to Winston I LLC on October 15. Those proceeds fully repaid the new-money DIP and funded case costs, but left the rolled-up DIP obligations and more than $110 million of remaining prepetition secured principal unpaid.

The revised dismissal order made dismissal effective March 3, 2026, preserved the ITG sale order, Gigapower sale order, and final DIP order, and directed excess cash collateral to the DIP agent after reserves. North Astor Management agreed to acquire the DIP and prepetition secured claims for $1 plus a share of future recoveries from remaining assets, taking the wind-down outside Chapter 11. The order also capped final case-cost buckets at $115,000 for committee professionals, $403,152.50 for debtor professionals including Omni, and $41,000 for the fee examiner.