Filing Alert: Rad Power Bikes Chapter 11

Rad Power Bikes Inc. and its debtor affiliate⁽¹⁾, a Seattle, WA-based manufacturer and direct-to-consumer retailer of electric bicycles and accessories, filed for Chapter 11 protection on Dec. 15 in the U.S. Bankruptcy Court for the Eastern District of Washington.

The company reports $32.1 million in assets and $72.8 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 25-02183.

⁽¹⁾ Summit Collective Incorporated.

Top Unsecured Claims

Key Parties

Counsel:

• Armand J. Kornfeld
  Bush Kornfeld LLP
  Email: jkornfeld@bskd.com

Signatories:

• Angelina M. Smith – Chief Executive Officer

Equity Security Holders:

• Mike Radenbaugh – 41.3% Equity Interest
• VCVC V LLC – 6.6% Equity Interest
• Durable Capital Master Fund LP – 5.8% Equity Interest
• Other Minority Holders – 46.3% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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