BRIEF-Nogin Initiates Strategic Financial Restructuring Operations

Reuters2023-12-07

Dec 6 (Reuters) - Nogin Inc :

* NOGIN INITIATES STRATEGIC FINANCIAL RESTRUCTURING; OPERATIONS TO CONTINUE UNINTERRUPTED

* NOGIN INC - DURING THIS RESTRUCTURING PHASE, NOGIN'S OPERATIONS WILL CONTINUE AS USUAL, WITHOUT ANY INTERRUPTION IN SERVICE

* NOGIN INC - COMPANY LOOKS FORWARD TO A STRONG FUTURE AND A RETURN TO PROFITABILITY IN NEXT FISCAL YEAR

* NOGIN: ENTERED CHAPTER 11 BANKRUPTCY PROCEEDINGS IN COMBINATION WITH STALKING HORSE BID, DEBTOR IN POSSESSION FINANCING PROVIDED BY B. RILEY FINANCIAL

* NOGIN INC - NOGIN HAS PARTNERED WITH PORTAGE POINT PARTNERS TO ASSIST COMPANY DURING RESTRUCTURING PHASE

* NOGIN INC - YEAR-TO-DATE, COMPANY HAS SECURED OVER $27 MILLION IN BOOKINGS, WITH MORE THAN A DOZEN NEW ACCOUNTS ADDED TO ITS PORTFOLIO

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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