Current posture

What matters now

Summit Collective remains in Chapter 11, with the next identified court event an August 19, 2026 hearing on a motion to clarify or enforce an earlier stay-relief stipulation Notice of Hearing Dkt. 422. The available recent record does not establish a confirmed plan, a completed sale, or a conversion; it instead reflects continuing case administration and discrete stay-relief issues. The Seattle-based e-mobility retailer commenced its Chapter 11 case on December 15, 2025 voluntary petition Dkt. 1. At filing, it sought authority to use cash collateral and provide adequate protection cash-collateral motion Dkt. 5, rather than new-money DIP financing. The facilities identified so far totaled approximately $37.5 million, comprising an $11.2 million first-lien senior credit facility with JPMorgan Chase Bank, N.A. and subordinated secured convertible notes; the record does not provide a certified aggregate funded-debt total. The proposed interim terms contemplated budget-based liquidity, replacement liens and other adequate protection, a January 16, 2026 deadline for a final cash-collateral order, and reasonable steps toward a sale of all or substantially all assets by February 16 amended cash-collateral supplement Dkt. 13. The docket…

Updated Aug 9, 2026