Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses

April 3, 2024

https://www.globenewswire.com/news-release/2024/04/03/2856803/0/en/Casa-Systems-Initiates-Court-Supervised-Chapter-11-Sale-Process-for-Businesses.html

ANDOVER, Mass., April 03, 2024 (GLOBE NEWSWIRE) — Casa Systems, Inc. (Nasdaq:CASA) (“Casa” or the “Company“), a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broadband networks, today initiated a court-supervised process that is intended to achieve value-maximizing sales of its businesses. To facilitate these sales, the Company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

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