Item 7.01 Regulation FD Disclosure.
As previously reported, on January 13, 2021, Christopher & Banks Corporation
(together with its subsidiaries, the "Company") filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code ("Chapter 11") in the United
States Bankruptcy Court for the District of New Jersey (the "Bankruptcy Court").
The Company has requested joint administration of its Chapter 11 cases under the
caption In re: Christopher & Banks Corporation, et. al., Case No. 21-10269.
On March 8, 2021, the Company filed with the Bankruptcy Court its monthly
operating report for the period beginning January 14, 2021 and ending January
30, 2021 (the "Monthly Operating Report"). The Monthly Operating Report is
attached hereto as Exhibit 99.1 and is incorporated herein by reference. This
Current Report on Form 8-K (including the exhibit hereto) (this "Form 8-K") will
not be deemed an admission as to the materiality of any information disclosed
herein. The Monthly Operating Report and other documents filed with the
Bankruptcy Court are available for inspection at
https://omniagentsolutions.com/ChristopherBanks. Documents and other information
available on such website are not part of this Form 8-K and are not deemed to be
incorporated by reference in this Form 8-K.
The information, including Exhibit 99.1 hereto, the Company furnished under Item
7.01 of this report is not deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. Registration statements or other documents filed
with the Securities and Exchange Commission shall not incorporate this
information by reference, except as otherwise expressly stated in such filing.
Cautionary Statement Regarding the Monthly Operating Report
The Company cautions investors and potential investors not to place undue
reliance upon the information contained in the Monthly Operating Report, which
was not prepared for the purpose of providing the basis for an investment
decision relating to any of the securities of the Company. The Monthly Operating
Report is limited in scope, covers a limited time period and has been prepared
solely for the purpose of complying with the monthly reporting requirements of
the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed
by independent accountants, was not prepared in accordance with generally
accepted accounting principles, is in a format prescribed by applicable
bankruptcy laws or rules, and is subject to future adjustment and
reconciliation. There can be no assurance that, from the perspective of an
investor or potential investor in the Company's securities, the Monthly
Operating Report is complete. Results set forth in the Monthly Operating Report
should not be viewed as indicative of future results.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Monthly Operating Report for the period beginning January 14, 2021 and
ending January 30, 2021
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