CHALLENGE

The company required experienced interim financial leadership to stabilize operations, preserve enterprise value, and guide strategic decisions during the restructuring process.

The organization faced urgent financial distress requiring swift, objective evaluation of its strategic options. The company:

• Needed an Interim CFO to stabilize cash flow and reduce cash burn.
• Required a 60-day strategic plan to assess potential outcomes, including recapitalization, sale, or liquidation.
• Lacked clear operational and financial visibility to inform key decisions.
• Needed to enhance financial reporting and compliance to support Chapter 11 proceedings and stakeholder confidence.

OUR ROLE

ETONIEN was engaged to provide an experienced Interim Chief Financial Officer to stabilize operations and guide the company through Chapter 11 restructuring.

SOLUTIONS

The Interim CFO was tasked with:

• Stabilizing cash flow and reducing ongoing burn rate.
• Developing and implementing a 60-day strategic roadmap to assess recapitalization, sale, or restructuring options.
• Enhancing financial visibility, reporting, and compliance to support court proceedings and stakeholder communication.
• Preserving enterprise value through active collaboration with legal and operational advisors.

OUTCOME

• Stabilized cash flow, preventing forced liquidation.
• Facilitated a successful sale of the company through structured transition planning.
• Executed a recapitalization strategy that maximized enterprise value.
• Maintained financial viability and operational continuity throughout Chapter 11 restructuring.