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Sizmek interim cash use approved; final hearing scheduled for April 23
By Caroline Salls
Pittsburgh, April 4 – Sizmek Inc. obtained interim court approval to use the cash collateral of its pre-bankruptcy secured parties, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The final hearing is scheduled for April 23.
The cash collateral will be used to help fund the company’s operations while in Chapter 11.
Sizmek is a New York-based independent buy-side advertising platform. The company filed bankruptcy on April 29 under Chapter 11 case number 19-10971.
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