One of the UFC’s primary sponsors in recent years, energy drink and supplement maker Xyience, has voluntarily filed for Chapter 11 bankruptcy protection according to the Las Vegas Review Journal:
Xyience Inc., the energy drink company headquartered at 4572 Hacienda Ave., reported $42.3 million in liabilities and $5.3 million in assets. Xyience sells its energy drink through 230 convenience and grocery stores, mostly in the Southwest.
The voluntary bankruptcy petition, filed on Friday, follows an involuntary petition that was filed Jan. 3 by founder and former CEO Russell Pike and others. The involuntary petition remains pending.
The bankruptcy petitions for Xyience were filed under Chapter 11, which provides protection from creditors while the company reorganizes.