Cosi, Inc. (OTCMKTS:COSIQ) Files An 8-K Bankruptcy or Receivership
ITEM 1.03 Bankruptcy or Receivership
today announced that, on December 7, 2017, the United States
Bankruptcy Court for the District of Massachusetts (Eastern
Division) (the Court) entered the Final Order Approving
Notification and Hearing Procedures For Certain Transfers of
Common Stock [Docket No. 520] (Order). The Order sets forth the
procedures, including notice requirements, that Substantial
Shareholders, or potential Substantial Shareholders, must comply
with regarding transfers of the Companys common stock
(Procedures). The terms and conditions of the Procedures were
immediately effective and enforceable upon entry of the Order by
the Court.
in violation of the Procedures, including the notice
requirements, are null and void ab initio, and the person or
entity making such transfer will be required to take such steps
as the Court determines are necessary in order to be consistent
with such transfer being null and void ab initio.
entity or individual that has beneficial ownership of at least
2,136,131 shares of common stock (representing approximately 4.5%
of all issued and outstanding shares of common stock.
www.getcosi.com, Investor Information, SEC Filings, Form
8-K dated December 13, 2016.
Holders
regarding the Final Order Approving Notification and Hearing
Procedures For Certain Transfers of Common Stock [Docket No. 520]
is incorporated herein by reference.
to documents filed with the Bankruptcy Court and other general
information about the Chapter 11 Cases, is available at a
subscription based service known as PACER at
https://pacer.mab.uscourts.gov/cgi-bin/login.pl.
and shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of such section. The
information in Item 7.01 of this Form 8-K shall not be
incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, regardless of any
incorporation by reference language in any such filing.
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Exhibit No.
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Description
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Paper (P) or Electronic (E)
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4.1
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Final Order Approving Notification and Hearing Procedures
For Certain Transfers of Common Stock [Docket No. 520] |
E
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About Cosi, Inc. (OTCMKTS:COSIQ)
Cosi, Inc. owns, operates and franchises restaurants. The Company offers a range of house coffees and other espresso-based beverages, handcrafted specialty drinks, along with soft drinks, flavored teas, bottled beverages, including premium still and sparkling waters, teas and, in some locations, beer and wine. The Company operates approximately 110 company-owned and franchised restaurants operating in over 15 states, the District of Columbia, the United Arab Emirates (UAE), and Costa Rica. It operates and develops in both urban and suburban markets. It offers food and beverage products for approximately four dayparts, which include breakfast, lunch, snacking and dinner. The Company’s food menu includes hot and cold sandwiches, hand-tossed salads, bowls, soups, appetizers, flatbread pizzas, Squagels, breakfast wraps and other breakfast products, S’mores and other desserts. The Company features its Cosi bread in approximately two varieties, Original and Multi-Grain. Cosi, Inc. (OTCMKTS:COSIQ) Recent Trading Information
Cosi, Inc. (OTCMKTS:COSIQ) closed its last trading session down -0.0021 at 0.0188 with 16,069,173 shares trading hands.
