Domo, Chapter 2: Behind Its $400 Million Asset Sale, Domo Was Preparing for a Possible Chapter 11 Bankruptcy Filing
EXECUTIVE SUMMARY
✅ Domo's Preliminary Schedule 14C (PREM-14C) filing reveals that the Utah software company was in default under its credit agreement, operating under lender forbearance, and preparing for a possible Chapter 11 bankruptcy filing while negotiating its $400 million asset sale to Progress Software.
✅ This was no