Ezenia Inc (EZENQ) 0.1000 $EZENQ
New Hampshire Bankruptcy Court Issues Favorable Decision to Ezenia! Inc.
PR Newswire - Thu Sep 03, 12:22PM CDT
Ezenia! Inc. ("Ezenia" or the "Company"

today announced that the bankruptcy court has issued a favorable ruling for the Company in its years-long dispute with former CEO Khoa Nguyen. Specifically, the court (i) denied Nguyen's claims for severance benefits and federal income tax damages, (ii) limited Nguyen's allowed claims for deferred compensation, (iii) denied Nguyen's sanctions motion against the Company in their entirety, and (iv) granted the Company's sanctions motion against Nguyen in the amount of $45,000.
Ezenia! emerges from bankruptcy
M2 - Tue Jul 28, 7:17AM CDT
Ezenia! Inc. said it has emerged from Chapter 11 with financing provided by lenders including funds managed by MAST Capital Management, LLC.
Ezenia! Inc. Receives Debt Financing to Emerge from Bankruptcy, Develop Next Generation Product Line
PR Newswire - Mon Jul 27, 10:40AM CDT
Ezenia! Inc. ("Ezenia" or the "Company"

today announced it has emerged from Chapter 11 with financing provided by lenders including funds managed by MAST Capital Management, LLC ("MAST"

. The proceeds of the financing will be used to repay existing creditors, to develop the Company's platform for insider threat detection, unified communications and desktop platform, and for general corporate purposes. In connection with the financing transaction, MAST and the other lenders will receive warrants to purchase 45% of the Company's outstanding shares on a fully diluted basis.