AppHarvest enters Chapter 11 proceedings
AppHarvest and certain affiliates filed voluntary Chapter 11 petitions and began a court-supervised restructuring process.
Verified eventAppHarvestJul 23, 2023
Evidence notes
- AppHarvest and specified affiliates filed voluntary Chapter 11 petitions on July 23, 2023, in the Southern District of Texas.
- The filing began a court-supervised restructuring process governed by a restructuring support agreement with key stakeholders.
- The proceedings followed severe liquidity pressure and ultimately led to sales of the company's controlled-environment agriculture assets.