JOANN Receives Court Approval for Prepackaged Financial Recapitalization Plan

April 25, 2024

https://www.globenewswire.com/news-release/2024/04/25/2870077/0/en/JOANN-Receives-Court-Approval-for-Prepackaged-Financial-Recapitalization-Plan.html

HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) — JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization. JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days.

Read more at globenewswire.com

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.