US75724T1034 - Common Stock
The bankrupt owner of Redbox Entertainment Inc. will be liquidated, a judge ruled Wednesday, after lawyers for the company and lenders accused its former chief executive officer of mismanaging the business and failing to pay workers or fund their health benefits.
Lawyers for HPS Investment Partners LLC said in federal court Tuesday that the former head of bankrupt Redbox Entertainment Inc. can’t be trusted and his handpicked board of directors should be replaced, after the DVD rental company failed to pay workers, fund their health insurance and diverted months worth of payroll taxes.
Chicken Soup for the Soul Entertainment Inc., the purveyor of self-help books and owner of DVD rental firm Redbox Entertainment Inc., is considering issuing new preferred equity among a range of options to stave off a cash crunch, according to people with knowledge of the matter.
Paul J. Taubman’s PJT Partners LP is suing client Redbox Entertainment Inc., which it advised on its 2022 sale, for around $3.4 million in fees the boutique investment bank says remains unpaid.
As Redbox gets meme-stock treatment, CSSE stock could be next in line for a massive squeeze in the wake of a merger vote.
Good morning! We're starting off Thursday with an overview of the biggest pre-market stock movers that traders need to watch!
SIGA Technologies (SIGA) stock is sliding on Wednesday as the pharmaceutical company trends on Google with recent monkeypox news.
RDBX stock is in focus after shareholders voted to approve a Redbox merger with Chicken Soup for the Soul Entertainment.
Short squeeze stocks are still a hot topic this week and we're listing five of the shares investors will want to keep an eye on!
The short squeeze in DAVE stock, a fintech that lends quick cash and builds credit scores, may not be here very long.
Good morning! We're starting off Tuesday with an overview of the biggest pre-market stock movers traders will want to know about!