💳New Chapter 11 Bankruptcy Filing - Plastiq Inc.💳

We’re not entirely sure what our takeaway should be when a pause in #BustedSPAC chapter 11 bankruptcy filings comes from a company that couldn’t even get its SPAC off the ground in the first place.

On May 24, 2023, Plastiq Inc. (“Plastiq”) and two affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the District of Delaware (Judge Sh…