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iSun, Inc. is a Vermont-headquartered, publicly traded solar energy services and infrastructure deployment company and the parent of residential installer SunCommon, serving residential, commercial, industrial, and utility segments through 12 debtor entities. The company filed Chapter 11 petitions on June 3, 2024 in the District of Delaware (Case No. 24-11144) before Judge Thomas M. Horan after sustained losses ($53.8 million in 2022, $19.4 million in 2023), a weekly operating deficit of approximately $250,000, and an event of default notice under the Decathlon loan on May 9, 2024. NASDAQ suspended trading on May 23, 2024 and the stock was delisted effective June 13, 2024. The debtors obtained a $4 million DIP facility from Clean Royalties, LLC (affiliated with Siltstone Capital) at SOFR + 18% PIK, including a $1 million prepetition bridge roll-in and $3 million of new money, and pursued a 363 sale with Clean Royalties as stalking horse bidder at a headline consideration of $10 million plus assumed liabilities and cure payments. The auction was cancelled due to no competing qualified bids, and the sale order was entered August 23…
Updated Mar 10, 2026
Affidavit/Declaration of Service of Application for Entry of an Order Authorizing and Approving the Employment of Seward & Kissel LLP as Special Litigation Counsel to the Chapter 7 Trustee (related document(s)[748]) Filed by George L. Miller. (Walsh, Steven)
Docket 749 · Jun 2, 2025
Application/Motion to Employ/Retain Seward & Kissel LLP as Special Litigation Counsel to the Chapter 7 Trustee Filed by George L. Miller. Hearing scheduled for 7/23/2025 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #2, Wilmington, Delaware. Objections due by 6/13/2025. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Notice) (Hoover, Jennifer)
Docket 748 · May 30, 2025
Certification of Counsel Regarding Order Scheduling Omnibus Hearing Date Filed by George L. Miller. (Attachments: # (1) Proposed Form of Order) (Capuzzi, Kevin)
Docket 746 · May 29, 2025
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