Strike company in the Recapitalization Agreement in a few clicks

Aug 6th, 2022
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How to strike company in the Recapitalization Agreement

4.8 out of 5
54 votes

yeah you know I I know we hear uh recap every once in a while and I think that that is a foreign concept to a lot of investors maybe you could talk about that period of time who you were bringing into the table get getting alignment to do um you know recapitalize the business sure um well to to bring it back so and again I started it myself I I had a venture firm originally that was sort of dabbling Adventure really they were sort of a quasi-institutional investor but they didnt really invest like that and but they committed to do more investment based on that commitment we we went and made hires and took office space and then they pulled their commitments it was a verbal commitment not a hard commitment yeah and so I was like stuck I mean this was right when the.com crash was happening I had no cash on my balance sheet like it it was Bleak and and so I dont know if I told you this but um so Im for for night like Im 60 days it was frantic like 7 A.M to 2 A.M seven days a week tryin

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Strike, LLC and its debtor affiliates successfully completed the sale of substantially all of the Companys assets to an affiliate of American Industrial Partners (AIP) on February 14, 2022.
On December 6, 2021, Strike, LLC and five (5) affiliated companies (collectively, the Debtors, Strike or the Company) each filed petitions in the United States Bankruptcy Court for the Southern District of Texas seeking relief under chapter 11 of the United States Bankruptcy Code.
Strike is a leading critical pipeline, facilities, and energy infrastructure solutions provider operating in major basins across the United States. The Company offers a full suite of construction, maintenance, integrity, and specialty services that span the entire oil and gas lifecycle.
Matt McSorley joined Strike as Chief Executive Officer in January 2023.
Established in 2003, Strike has grown to become a North American leader in pipeline and facilities solutions.

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