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barnyarddog

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barnyarddog

Re: None

Friday, 03/29/2024 5:33:26 PM

Friday, March 29, 2024 5:33:26 PM

Post# of 13
Joann Inc. announced today, after weeks of rumors, that it filed for a “prepackaged” Chapter 11 bankruptcy, and that all outstanding shares will be canceled and that holders of the common stock will lose everything – they’ve already lost nearly everything – and that certain creditors, PE firms, and board members will get the restructured company.

Mar 18, 2024
Brick-and-Mortar Meltdown Fells another Retailer: Joann Inc. Files for Bankruptcy 3 Years after IPO
https://wolfstreet.com/2024/03/18/brick-and-mortar-meltdown-fells-another-retailer-joann-inc-files-for-bankruptcy-3-years-after-ipo/
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