Solo Brands Names CEO, Restructures Debt for Flexibility and Avoids Default

Solo Stove’s parent company, Solo Brands, ran into some financial difficulty over the past six months. They separated with the CEO, named an interim CEO, and noted that they’d be in default if they couldn’t restructure their debt.

Despite having trading suspended for their shares on the stock exchange, they’re working to get their company back on a good path. They’ve been cutting costs while still investing in innovation.