Filing Alert: Character.AI Chapter 11
Character Technologies, Inc., a Redwood City, CA-based developer of a consumer AI platform that lets users create and converse with customizable AI character...
Character Technologies, Inc. (dba Character.AI), a Redwood City, CA-based developer of a consumer AI platform that lets users create and converse with customizable AI characters., filed for Chapter 11 protection on Oct. 12 in the U.S. Bankruptcy Court for the District of Delaware.
The company reports $50 million to $100 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-11603.
Top Unsecured Claims
Key Parties
Counsel:
- Erin R. Fay
Wilson Sonsini Goodrich & Rosati, P.C.
Email: efay@wsgr.com
Conflicts Counsel:
- Young Conaway Stargatt & Taylor, LLP
Investment Banker:
- Houlihan Lokey
Financial Advisor:
- Areté Partners
Signatories:
- Colin M. Adams – Chief Executive Officer
Claims Agent:
- Stretto, Inc.