Brief: Nogin Initiates Strategic Financial Restructuring Operations

Nogin

06/12/2023 22:07

Dec 6 (Reuters) - Nogin Inc  NOGN.O :
    * NOGIN INITIATES STRATEGIC FINANCIAL RESTRUCTURING;
OPERATIONS TO
CONTINUE UNINTERRUPTED
    * NOGIN INC - DURING THIS RESTRUCTURING PHASE, NOGIN'S
OPERATIONS
WILL CONTINUE AS USUAL, WITHOUT ANY INTERRUPTION IN SERVICE
    * NOGIN INC - COMPANY LOOKS FORWARD TO A STRONG FUTURE AND A
RETURN TO PROFITABILITY IN NEXT FISCAL YEAR
    * NOGIN: ENTERED CHAPTER 11 BANKRUPTCY PROCEEDINGS IN
COMBINATION
WITH STALKING HORSE BID, DEBTOR IN POSSESSION FINANCING PROVIDED
BY B. RILEY FINANCIAL
    * NOGIN INC - NOGIN HAS PARTNERED WITH PORTAGE POINT
PARTNERS TO
ASSIST COMPANY DURING RESTRUCTURING PHASE
    * NOGIN INC - YEAR-TO-DATE, COMPANY HAS SECURED OVER $27
MILLION
IN BOOKINGS, WITH MORE THAN A DOZEN NEW ACCOUNTS ADDED TO ITS
PORTFOLIO

Source text for Eikon:  ID:nGNX7XQ7hS 
Further company coverage:  NOGN.O 

 ((Reuters.Briefs@thomsonreuters.com;))