Edgio, INC 8-K filings

Edgio Inc. has received notice of delisting from the Nasdaq Capital Market following its Chapter 11 bankruptcy filing and will transition to the Pink Open Market.

Edgio, Inc. has initiated a strategic financial restructuring by filing for Chapter 11 bankruptcy and entering into an asset purchase agreement with Lynrock Lake for a credit bid of $110 million.

Edgio, Inc. has entered into a new priority credit agreement, securing $7.5 million in net proceeds, and amended its existing debt agreements to accommodate the new loan's senior lien position.

Edgio, Inc. has appointed Eugene I. Davis to its Board of Directors, increasing the board size to five members, effective August 2, 2024.

Edgio, Inc. has been granted an extension until September 30, 2024, by Nasdaq to file its overdue 2023 annual report and Q1 2024 quarterly report.

Edgio Inc. reports the immediate resignation of Mio Babic from its Board of Directors, effective June 24, 2024.

Edgio Inc. has announced the immediate departure of Chief Technology Officer Ajay Kapur, effective June 7, 2024, with a severance package including salary continuation, vesting of stock units, and retention payments.

Edgio, Inc. has adopted a Tax Benefits Preservation Plan to protect its significant net operating loss carryforwards from limitations due to potential ownership changes.

Edgio, Inc. has received a notification from Nasdaq for failing to file its quarterly report on time, putting the company at risk of delisting.

Edgio, Inc. has received a notification from Nasdaq for failing to file its 2023 annual report on time, putting the company at risk of delisting.

Edgio reports preliminary unaudited Q4 2023 results, projecting revenue between $93-$95 million and a delay in their annual report due to a change in auditors.

Edgio, Inc. has approved a restructuring plan that includes a 10% workforce reduction to cut operating costs and improve business efficiency.

Edgio, Inc. has completed a 1-for-40 reverse stock split, effective March 1, 2024, to consolidate its outstanding shares.

Edgio, Inc. will implement a 1-for-40 reverse stock split of its common stock, effective March 1, 2024, to consolidate its shares.

Edgio Inc. reports that Nancy Maluso will step down from her role as Senior Vice President and Chief Marketing and Strategy Officer, effective March 1, 2024.

Edgio stockholders approved the issuance of shares underlying new convertible notes and warrants, as well as a reverse stock split, but rejected a proposal requiring unanimous director approval for significant events.

Edgio Inc. has replaced its independent auditor with BDO USA, P.C., effective immediately for the fiscal year ending December 31, 2023.

Edgio, Inc. has amended and restated its employment agreement with Todd Hinders, formalizing his role as CEO with a $525,000 annual base salary and a target annual incentive of 100% of his base salary.