Sizmek interim cash use approved; final hearing scheduled for May 7

By Caroline Salls

Pittsburgh, April 23 – Sizmek Inc. obtained a second interim order approving its use of the cash collateral of its pre-bankruptcy secured parties, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The final hearing is scheduled for May 7.

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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