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Home Lumio Files Voluntary Petitions for Chapter 11 Relief to Effectuate Sale Transaction and Strengthen Financial Position

The following content is a news release distributed by . The original news release may be found here.

Lumio Files Voluntary Petitions for Chapter 11 Relief to Effectuate Sale Transaction and Strengthen Financial Position

LEHI, Utah--(BUSINESS WIRE)--Lumio (the “Company”), a leader in personalized renewable energy, today announced that it has filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the “Court”) to complete a value-maximizing sale process and strengthen its financial position. The Company anticipates completing the sale process in less than two months. During the sale process, the Company’s operations will continue as usual without...

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