Overview

• Delaware filings show about $143 million in total debt, including $115 million secured by lender Silverview Capital Partners.
• Silverview agreed to provide $3.8 million in debtor-in-possession financing and a $15 million stalking-horse bid to support operations during the sale process.
• Eight venues continue to operate as the company markets its assets over roughly 45 days and seeks to restructure the active leases.
• Gift cards will be honored at open sites, new gift card sales are suspended, and customers unable to visit can file online claims for refunds.
• The company, an eatertainment chain that went public via a 2023 SPAC and later moved to delist, cites inflation, weaker spending, and higher labor and commodity costs in its downturn.