Current posture

What matters now

PosiGen is pursuing a liquidating Chapter 11 path built around a sale of substantially all assets, a servicing transition to project companies, and a plan trust to monetize remaining assets and retained claims, as reflected in the proposed confirmation order Dkt. 597. The operative direction disclosed in the permitted record is wind-down rather than a stand-alone reorganization, with substantive consolidation contemplated for the affiliated consolidated debtors for voting and distribution purposes. The debtors filed voluntary petitions on November 24, 2025, after liquidity constraints, funding difficulty and failed financing takeouts culminated in defaults and threatened foreclosure actions; the informational brief Dkt. 11 describes a July 2025 missed Backleverage Facility interest payment, acceleration, workforce reductions, and November foreclosure notices affecting project-company interests. At filing, PosiGen had approximately $207.5 million in funded debt, comprising both secured and unsecured obligations, as reported in the first amended plan and disclosure statement Dkt. 424. The case moved quickly from first-day stabilization to a sale-and-settlement process. The debtors' original combined plan and disclosure statement Dkt. 123 proposed asset disposition, third-party servicing transition, and a plan trust; the…

Updated Aug 9, 2026