On March 20, 2026, Broad Street Realty, Inc. filed a voluntary petition for relief under Chapter 7 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, case number 26-10398-KBO. This filing indicates that the company is unable to meet its financial obligations and will undergo liquidation of its assets. George L. Miller has been appointed as the Chapter 7 Trustee, who will oversee the liquidation process and manage the company's assets and liabilities. The filing effectively removes the authority of the company's Board of Directors and executive officers, as the trustee will assume control over the company's operations. This development is a significant indicator of the company's financial distress and raises concerns about the future of its stakeholders, including employees, creditors, and investors. The assets will be liquidated, and claims will be settled in accordance with the Bankruptcy Code. Additionally, on the same day, Alexander Topchy resigned from his position as Chief Financial Officer, further indicating instability within the company's leadership. This filing is expected to have a severe negative impact on the company's stock price and investor confidence, marking a critical juncture in Broad Street Realty's operations.

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