An education company that helps children as young as three learn to code filed for bankruptcy, blaming an expansion strategy that outpaced its ability to turn a profit.
Conscious Content Media Inc. would eliminate more than half of its $205.5 million in funded debt under a reorganization proposal backed by noteholders, according to court papers filed Wednesday in federal court in Wilmington, Delaware.
The company is among a number of software and other technology firms that got a boost in 2020 from consumers stuck at home during the Covid-19 pandemic, only to see demand wane afterward. In September, education software ...
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