MediaMath receives second extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Feb. 26 – MediaMath Holdings, Inc. received a second extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the court extended the exclusive plan filing period through April 29 from Jan. 29 and the exclusive solicitation period through June 26 from March 28.

“Extensive resources have been required of the debtors and their professionals to achieve the measures reached in the Chapter 11 cases to date,” the company said in the extension motion.

“In light of these circumstances, the debtors submit that the requested extensions are both appropriate and necessary to afford the debtors with sufficient time to adequately prepare a viable Chapter 11 plan and related disclosure statement.”

The New York-based company develops digital advertising media and data management technology solutions for advertisers. The company filed bankruptcy on June 30, 2023 under Chapter 11 case number 23-10882.

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