New Delaware Chapter 11 Filing Involuntary Petition – Candi Controls, Inc.
Candi Controls, Inc., an Oakland, CA-based provider of cloud-based services for energy and facilities management, has had an involuntary petition for relief under Chapter 11 filed against it in the Bankruptcy Court for the District of Delaware (Case No. 18-10679). The involuntary petition was filed by CGM Partners, Howard Elias and Kelly Yang Living Trust, who collectively assert $575,000 in note claims. According to Pitchbook, Candi Controls raised $5.11 million in a series B financing round that closed on July 15, 2015. The case has been assigned to the Honorable Christopher S. Sontchi.
Contact Norman L. Pernick or Nicholas J. Brannick for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.
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