HMX Acquisition Corp. Files for Chapter 11, Salus Capital to provide DIP facility and Authentic Brands Group selected as Stalking Horse bidder.

New York, Oct. 19th / -- HMX Acquisition Corp. today announced that it has filed voluntary Chapter 11 petitions. In conjunction with the filing, the Company's existing lender has ratified and re-affirmed up to a $65 million credit facility. The DIP facility, subject to additional terms and conditions, provides immediate liquidity while the Company pursues strategic alternatives, enabling the Company to pay vendors for goods and services received after the filing. In addition, HMX Acquisition Corp. is seeking customary authority from the Court to continue operating its business in the