Mar. 7 at 7:03 AM
$NINE emerged from Chapter 11 yesterday after just 32 days.
$300M in debt gone (along with every share held by the equity holders who believed in this company through the downturn)
Bondholders now own 100% of the new equity. No shares trading yet, but when they do, many of the new holders are distressed debt funds likely to be selling.
Wrote up the full restructuring, valuation, and what to watch: https://theinvestmentlog.com/posts/nine/2026-03-06