Orbital Infrastructure Group Inc. Intends to Enter into Purchase Agreements for the Sale of Front Line Power Construction and Gibson Technical Services and Files for Chapter 11 Protection ...Middle East

Receives Commitment from Existing Secured Lenders for $15.0 Million in Debtor-in-Possession Financing HOUSTON, Aug. 23, 2023 /PRNewswire/ — Orbital Infrastructure Group Inc. (NASDAQ: OIG) (the “Company”), announced today that it and certain of its subsidiaries (Orbital Solar Services, L.L.C., Orbital Power, Inc., Orbital Gas Systems, North America, and Eclipse Foundation Group, Inc.) have filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The filing specifically excludes Front Line Power Construction (“FLP”) and Gibson Technical Services (“GTS”), which are being sold separately as described below. The Sale Transact

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