SVXR, Inc.
FILING ALERT: X-Ray Inspection Technology Company SVXR, Inc. Files Chapter 11 in the Northern District of California
Thu 08/05/2021 07:59 AM
Relevant Document:
Voluntary Petition
To view the relevant documents above as well as our First Day team's coverage of all U.S. chapter 11 cases filed since 2012 with over $10 million in liabilities including the SVXR Inc. chapter 11 filing request a trial here: https://reorg.com/trial
SVXR, Inc., a San Jose, Calif.-based inspection and metrology technology company for the semiconductor packaging industry and a “pioneer in the development and deployment of fully automatic fast inline X-ray process control solutions utilizing the latest Artificial Intelligence (AI) and Machine Learning (ML) methodologies,” filed for chapter 11 protection on Wednesday in the Bankruptcy Court for the Northern District of California. The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The debtor is represented by Paul Hastings in Palo Alto, Calif. Omni Agent Solutions is the claims agent. The case number is 21-51050. The case has been assigned to Judge Stephen L. Johnson.
The list of largest unsecured creditors includes as the largest claim a $292,767 claim held by Baker Botts, followed by a $134,530 claim held by Applied Engineering, a $98,291 claim held by Navitar - Special Optics and a $51,779 claim held by Winston & Strawn, with the remaining claims held by vendors or employees.
Holders of 10% or more of the debtor’s equity follow (and a full list of equityholders is HERE):
Reorg First Day is monitoring this case and will provide further coverage as appropriate.
Voluntary Petition
To view the relevant documents above as well as our First Day team's coverage of all U.S. chapter 11 cases filed since 2012 with over $10 million in liabilities including the SVXR Inc. chapter 11 filing request a trial here: https://reorg.com/trial
SVXR, Inc., a San Jose, Calif.-based inspection and metrology technology company for the semiconductor packaging industry and a “pioneer in the development and deployment of fully automatic fast inline X-ray process control solutions utilizing the latest Artificial Intelligence (AI) and Machine Learning (ML) methodologies,” filed for chapter 11 protection on Wednesday in the Bankruptcy Court for the Northern District of California. The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The debtor is represented by Paul Hastings in Palo Alto, Calif. Omni Agent Solutions is the claims agent. The case number is 21-51050. The case has been assigned to Judge Stephen L. Johnson.
The list of largest unsecured creditors includes as the largest claim a $292,767 claim held by Baker Botts, followed by a $134,530 claim held by Applied Engineering, a $98,291 claim held by Navitar - Special Optics and a $51,779 claim held by Winston & Strawn, with the remaining claims held by vendors or employees.
Holders of 10% or more of the debtor’s equity follow (and a full list of equityholders is HERE):
Reorg First Day is monitoring this case and will provide further coverage as appropriate.
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.