Case filing & court posture: PosiGen, PBC and affiliated debtors filed chapter 11 on November 24, 2025 in the Southern District of Texas, Houston Division (Case No. 25-90787). Dkt. 1 Judge Christopher M. Lopez presides.
Liquidity & financing path: The debtors obtained interim cash management authority on November 26, 2025. Dkt. 51 The debtors secured a $41 million DIP facility from Brookfield and affiliated lenders, with final approval entered on February 11, 2026. Dkt. 538
Restructuring outcome: The debtors pursued a liquidating plan with credit bid sale to DIP lenders. Dkt. 123 The disclosure statement was conditionally approved on January 30, 2026. Dkt. 467
Plan effective date & post-confirmation: On February 11, 2026, the Court entered orders approving the global settlement and asset sale via credit bid. Dkt. 537 The plan contemplates establishment of a liquidating trust to wind down the estates.
Current status: The debtors are in the final stages of implementing the liquidating plan, with sale and settlement orders entered February 11, 2026. The plan supplement was filed on February 11, 2026.