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TFL :
Hey LUNAtics, todayβs Chp. 11 filing was a strategic, proactive step that enables TFL to continue its operations and work with the Terra community on infrastructure, innovative tools and products, and other ecosystem support while resolving outstanding legal proceedings, including representative litigation pending in Singapore and U.S. litigation involving the SEC. The company remains operational and intends to meet all financial obligations to both employees and vendors during the Chp. 11 case without requiring additional financing. We will continue to build and expand our software suite just as we were prior to the filing.
Please see the quote from TFL CEO Chris Amani, as well as the official press release for more info:
https://document.epiq11.com/document/getdocumentbycode/?docId=4284298&projectCode=TEF
