Synergy CHC Files Chapter 11, Plans Liquidation or Reorganization Within 120 Days
SNYR is trading near its 52-week low of $0.082 (19% below the low) on light trading volume (0.1× avg).
Summary
Synergy CHC filed voluntary Chapter 11 bankruptcy on September 4, 2026, following a cascade of distress: Costco discontinued its FOCUSfactor products, lenders accelerated the $18.9M term loan, and Nasdaq moved to delist the stock. The company expects to file a liquidation or reorganization plan within 120 days. President Alfred Baumeler resigned effective August 31, leaving Jack Ross as the sole board member. With a market cap near $1.5M and shares at $0.066, equity is likely worthless in any restructuring. The bankruptcy filing formalizes the insolvency that the timeline has been signaling for months.
At the time of this announcement, SNYR was trading at $0.07 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.5M. The 52-week trading range was $0.08 to $2.96. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.