Vending

Bang Energy parent firm seeks Chapter 11 bankruptcy protection

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October 11, 2022

Vital Pharmaceuticals Inc., the maker of Bang energy drinks and other products, has filed petitions for protection under Chapter 11 of the bankruptcy code in the Southern District of Florida, according to a press release.

All business operations will continue, with product delivery and service to retailers through VPX/Bang Energy's newly constituted distribution network consisting of more than 269 distributors.

VPX's Chapter 11 efforts are being supported by $100 million of additional financing from VPX's lenders during the restructuring process.

The filing is intended to help the company recover from recent challenges, including lawsuits that impacted its short-term outlook and the cost impact of reconstituting the company's national distribution network that resulted in a summer revenue gap.