Tech Firm Mobileum Enters Ch. 11 To Trim Over $500M Debt

By Clara Geoghegan · July 23, 2024, 4:31 PM EDT

Global telecom analytics group Mobileum Inc. sought Chapter 11 protection in Texas on Tuesday, with plans to trim $529 million from its books through a debt-for-equity swap after falsified time records...

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Bankruptcy Scorecard

Summary

Global telecom analytics group Mobileum Inc. sought Chapter 11 protection in Texas with a restructuring support agreement and plans to trim $529 million from its books through a debt-for-equity swap.

Case Number

24-90414

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$695.3 million

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