Appgate, Inc., along with its 11 affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware on May 6, 2024. The debtor listed both its assets and liabilities in the range of $100 million to $500 million. The debtor is represented by Patrick J. Reilley of Cole Schotz P.C. as its legal counsel.

The debtor also hired Kirkland & Ellis LLP and Kirkland & Ellis International LLP as general bankruptcy, Triple P RTS, LLC as financial advisor and Triple P Securities, LLC as investment banking, and Donlin, Recano & Company, Inc., as noticing and claims agent.