Starry Group Holdings, an internet provider, filed for Chapter 11 bankruptcy in Delaware less than a year after going public via merger with a blank-check company, B loomberg reports.
The Boston-based firm, which operates in major cities like Los Angeles and New York, listed assets and liabilities of as much as $500 million each in its bankruptcy petition. The Chapter 11 filing allows the company to keep operating while it seeks approval of a restructuring plan.
The company went public in March 2022 by merging with FirstMark Horizon Acquisition and raising $150 million on the deal. Read more.
