NewAge, Inc. along with its three affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on August 30, 2022. The debtor listed its assets of $34.06 million and liabilities of $15.85 million. The debtor is represented by Dennis A. Meloro of Greenberg Traurig, LLP as its legal counsel.

The debtor also hired sierraconstellation partners LLC as its financial advisor.