From Nasdaq Inc.:

Amazon aggregator Thrasio Holdings files for Chapter 11 bankruptcy protection and secures $90 million in new financing from shareholders. It also reaches a restructuring deal with lenders to reduce its debt from $495 million. Estimated assets range from $1 billion to $10 billion, liabilities from $500 million to $1 billion.

Thrasio, known for acquiring third-party sellers on Amazon, assures business operations will continue as usual during the bankruptcy proceedings. The company aims to navigate the process smoothly while maintaining its regular functions. This development comes after the filing for Chapter 11 bankruptcy protection.



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