Englobal CORP

ENGlobal Corporation has entered into an Asset Purchase Agreement with Gulf Island Automation & Infrastructure, LLC for the sale of substantially all of its assets as part of its Chapter 11 bankruptcy proceedings.

Darren W. Spriggs resigned from his positions as Chief Financial Officer, Treasurer, and Corporate Secretary of ENGlobal Corporation, effective April 1, 2025.

ENGlobal Corporation and its subsidiaries filed for Chapter 11 bankruptcy and secured a $2.5 million debtor-in-possession (DIP) financing agreement with Gulf Island Fabrication, Inc.

ENGlobal Corporation and its subsidiaries have voluntarily filed for Chapter 11 bankruptcy to preserve value and explore strategic alternatives.

ENGlobal Corporation entered into a Loan and Security Agreement for up to $500,000 with an unaffiliated lender on February 19, 2025.

ENGlobal Corporation files an amendment to its previous report to provide supplemental information regarding a cybersecurity incident that occurred in November 2024.

ENGlobal Corporation reported a net loss of $0.5 million for the third quarter of 2024, with revenue declining by 39.9% compared to the same period last year.

ENGlobal Corporation reported a net loss for the second quarter of 2024, alongside a decrease in revenue, while also highlighting ongoing efforts to restructure the business and address concerns about its ability to continue as a going concern.

ENGlobal Corporation's Q1 2024 results show a significant decrease in revenue compared to the same period last year, but an improvement in gross profit margin due to strategic cost reductions.

ENGlobal Corporation filed an amendment to its annual report to include previously omitted information regarding directors, executive compensation, and related party transactions.

ENGlobal Corporation filed an amendment to its annual report on Form 10-K to include a previously omitted exhibit and updated certifications from its CEO and CFO.

ENGlobal Corporation's 2023 annual report reveals a net loss of $15.2 million and substantial doubt about the company's ability to continue as a going concern.

ENGlobal Corporation has scheduled its annual shareholder meeting for December 30, 2024, and provided instructions for accessing proxy materials and voting.

ENGlobal Corporation has scheduled its annual shareholder meeting for December 30, 2024, to elect directors and ratify the appointment of its independent auditors.

William A. Coskey and Alliance 2000, Ltd. have updated their Schedule 13D filing, revealing ENGlobal Corporation's Chapter 11 bankruptcy filing and Alliance's sale of its credit agreement with ENGlobal to Gulf Island Fabrication, Inc. for $1.5 million.