Salt Life Beverage, LLC, along with its six affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on June 30, 2024. The debtor listed its assets in the range of $50 million to $100 million and liabilities in the range of $0.5 million to $1 million. The debtor is represented by Christopher A. Ward of Polsinelli PC as its legal counsel.

MMG Advisors, Inc. is hired as financial advisor and Focus Management Group USA, Inc. is hired as restructuring advisor to the debtor. Epiq Bankruptcy Solutions, LLC is hired as claims and noticing agent to the debtor.