BRIEF-Sunworks - On Feb 5, Co, 3 Of Subsidiaries Ceased Operations & Filed Voluntary Petitions For Relief Under Chapter 7 Of Title 11 Of United States Code

Reuters2024-02-06

Feb 6 (Reuters) - Sunworks Inc :

* SUNWORKS - ON FEB 5, CO, 3 OF SUBSIDIARIES CEASED OPERATIONS & FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 7 OF TITLE 11 OF UNITED STATES CODE

* SUNWORKS INC - A CHAPTER 7 TRUSTEE WILL BE APPOINTED BY BANKRUPTCY COURT AND WILL ASSUME CONTROL OVER THE ASSETS AND LIABILITIES OF CO

* SUNWORKS INC - ON FEBRUARY 5, 2024, MARK TROUT, CHIEF EXECUTIVE OFFICER TENDERED HIS RESIGNATION, EFFECTIVE ON SUCH DATE

* SUNWORKS INC - AS OF FEBRUARY 5, 2024, CO HAS NO OFFICERS, CONSULTANTS OR EMPLOYEES

* SUNWORKS INC - ON FEB 5, 2024, DIRECTORS MARK TROUT, PATRICK MCCULLOUGH, RHONE RESCH AND STANLEY SPEER RESIGNED AS MEMBERS OF CO'S BOARD OF DIRECTORS

* SUNWORKS INC - CO HAS NO CURRENT MEMBERS OF BOARD OF DIRECTORS

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