NewAge Files for Chapter 11 Bankruptcy in Delaware

NewAge Inc, which describes itself as a direct-to-consumer organic and healthy products company, filed for Chapter 11 bankruptcy in Delaware on Tuesday, court papers show.

• The publicly traded company listed assets and liabilities of at least $100 million each in its bankruptcy petition
• NewAge said in June it was evaluating potential strategic alternatives to maximize shareholder value with the help of Houlihan Lokey
• The case is NewAge Inc., 22-10819, U.S. Bankruptcy Court for the District of Delaware

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