BowFlex, the home fitness company based in Vancouver, Washington, has filed for Chapter 11 bankruptcy amid declining sales and pandemic-related challenges. The company received a $37.5 million buyout offer and is set for an April asset sale. Trading of BowFlex on NYSE will be suspended immediately as delisting proceedings commence.
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A New Jersey bankruptcy judge on Wednesday gave BowFlex permission to draw on $25 million in Chapter 11 financing as the exercise equipment company heads for what it said will be an April asset sale. https://t.co/xtnJlIGT3x https://t.co/kiUb92vI4d
Home-fitness company BowFlex has filed for chapter 11 bankruptcy with a deal in hand to be acquired by specialty fitness retailer Johnson Health Tech https://t.co/TUzUlDhMGh
did not know Bowflex was public: Chapter 11 today, getting delisted Fitness equipment and fitness chain track record in the stonk market remains... spotty
BowFlex $BFX files for bankruptcy with $37.5 mln buyout offer https://t.co/dA8GQNdxKZ
BowFlex files bankruptcy amid declining interest in home workout equipment https://t.co/RidOd4VBCn
Nautilus owner Bowflex files for bankruptcy. America loses the arm race. https://t.co/nb84CcAqGM
BowFlex files for bankruptcy as sales once driven by pandemic-related lockdown orders continue to slump. https://t.co/GGWiNz73w2
$BFX NYSE to Commence Delisting Proceedings Against BowFlex. Trading to be suspended immediately.
Bowflex signaled a sale last month when the Vancouver, Washington-based home fitness company revealed "significant doubt" about its future. https://t.co/uwEWJa8IHZ