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Item 1.03 Bankruptcy or Receivership after considering all

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jimr1717   Wednesday, 07/04/18 06:13:33 PM
Re: jimr1717 post# 93209
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Item 1.03 Bankruptcy or Receivership
after considering all strategic alternatives, e.Digital Corporation, a Delaware Corporation (“the Company”), and its wholly-owned California subsidiary by the same name, ceased operations and filed a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the United States Code, 11 U.S.C. §101 et seq. in the United States Bankruptcy Court for the District of Delaware and the State of California (“the Bankruptcy”). A Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control. The assets of the Company will be liquidated and claims paid in accordance with applicable laws.

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