Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	11/10/2025	BFG Supply Co., LLC	Restructuring	Special Situations Financing	$300.0 Million	Image	Consumer	Piper Sandler served as advisor to the company on its $300M recapitalization and new money transaction	Recapitalization	Financial Advisor
Published	11/03/2025	Nivel Parts & Manufacturing Co., LLC	Restructuring	Out-of-Court Debt Restructuring	$500.0 Million	Image	Services & Industrials, Automotive Aftermarket	Piper Sandler served as advisor to the company on its $500M recapitalization and new money transaction	Recapitalization	Financial Advisor
Published	05/23/2025	Benson Hill Biosystems, Inc.	Restructuring	§363 Sale		Image Image	Consumer, Agriculture & Biorenewables	Piper Sandler served as advisor for Benson Hill, Inc. in connection with its chapter 11 and sale process	Benson Hill has been acquired by Confluence Genetics through a §363 Sale	Financial Advisor
Published	05/16/2025	Terraform Labs PTE. Ltd.	Restructuring	Chapter 11 Reorganization		Image	Technology, Software	Piper Sandler is serving as a Plan Administrator on behalf of the Wind Down Trust in connection with the estate’s pursuit of $5B+ crypto loss claims	Post-Chapter 11 Wind Down Trust	Financial Advisor
Published	05/01/2025	24 Hour Fitness USA, Inc.	Restructuring	Special Situations Financing		Image	Consumer, Health & Wellness Services	Piper Sandler served as advisor to the company on its $305M debt financing and recapitalization	Special Situations Financing	Financial Advisor
Published	02/15/2025	OTG Management, Inc.	Restructuring	Out-of-Court Debt Restructuring		Image	Consumer, Restaurants	Piper Sandler served as advisor to the preferred equity holders in the company's recapitalization	Out-of-Court Restructuring	Financial Advisor
Published	01/31/2025	CareMax, Inc.	Restructuring	Chapter 11 Reorganization		Image	Healthcare, Healthcare Services	Piper Sandler served as advisor to the company in connection with its chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	01/06/2025	Independence Contract Drilling	Restructuring	Strategic Alternatives Review		Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as advisor to the company in connection with its chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	12/31/2024	Incora	Restructuring	Chapter 11 Reorganization		Image	Services & Industrials, Distribution	Piper Sandler served as advisor to the UCC in the company’s $3.2B chapter 11	Chapter 11 Reorganization Creditor Advisor	Financial Advisor
Published	09/19/2024	American Rock Salt	Restructuring	Creditor Advisory		Image	Chemicals	Piper Sandler served as advisor to the ad hoc group of 1L creditors on a new money first-out financing and related amendments	Creditor Advisory	Financial Advisor
Published	07/17/2024	Anaergia	Restructuring	Special Situations Financing		Image	Energy, Power & Infrastructure, Renewables & Clean Energy	Piper Sandler served as advisor to the company on capital structure alternatives	Capital Structure Advisory	Financial Advisor
Published	06/21/2024	WeWork	Restructuring	Chapter 11 Reorganization		Image	Services & Industrials, Business Services	Piper Sandler served as advisor to a 1L creditor in the company’s $3B chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	06/01/2024	NanoString Technologies, Inc	Restructuring	Chapter 11 Reorganization		Image	Healthcare, Life Sciences Tools & Diagnostics	Piper Sandler served as advisor to the UCC in the company’s chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	05/31/2024	Charge Enterprises	Restructuring	Strategic Alternatives Review		Image	Technology, EV/Mobility	Piper Sandler served as advisor to the company in connection with its chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	03/29/2024	Specialty Dental Brands	Restructuring	Special Situations Financing		Image	Healthcare, Healthcare Services	Piper Sandler served as advisor to the company on its recapitalization	Special Situations Financing	Financial Advisor
Published	03/08/2024	HONX Inc.	Restructuring	Chapter 11 Reorganization		Image	Energy, Power & Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as advisor to the company (Hess Corp. sub.) in connection with its chapter 11	Chapter 11 Reorganization	Financial Advisor
Published	01/24/2024	Nauticus	Restructuring	Special Situations Financing		Image	Energy, Power & Infrastructure, Energy & Power Infrastructure, Energy & Power Services & Equipment	Piper Sandler served as advisor to the Special Committee of the Board for Nauticus Robotics on a private placement of a senior secured term loan and pari passu convertible senior secured term loan	Private Placement of Senior Secured Term Loan Pari Passu Convertible Senior Secured Term Loan	Financial Advisor
Published	12/13/2023	MAV Beauty Brands	Restructuring	Out-of-Court Debt Restructuring		Image	Consumer, Beauty & Personal Care	Piper Sandler served as advisor to the company on its sale and recapitalization	Sale of Assets	Financial Advisor
Published	11/30/2023	Envision Healthcare	Restructuring	Chapter 11 Reorganization		Image	Healthcare, Healthcare Services	Piper Sandler served as investment banker to the Committee, and on its behalf, evaluated strategic alternatives for the AmSurg division, prepared expert testimony on valuation in the event of a contested confirmation hearing, and assisted in the negotiations of plan of reorganization terms for unsecured creditors	Chapter 11 Reorganization	Financial Advisor
Published	11/30/2023	Heritage Power	Restructuring	Chapter 11 Reorganization		Image	Energy, Power & Infrastructure, Energy & Power Infrastructure	Piper Sandler served as advisor to the company in connection with its chapter 11	Chapter 11 Reorganization	Financial Advisor