Alliance Global Partners analyst Brian Kinstlinger downgraded Nogin to Sell from Neutral. B Riley, the holders of 90% of Nogin’s convertible debt, loaned Nogin $8.5M and the company entered into a restructuring support agreement, notes the analyst, who says the firm’s take from a recent filing is that Nogin has until December 1 to either sell the company or it must file for bankruptcy.
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