The company’s October 12 statement confirms voluntary Chapter 11: https://blog.character.ai/an-update-on-character-ai/ . Before treating Bankruptcy as the first qualifying event, how do you interpret “Exit” in the description versus the answer “Purchase by another company”? The 2024 Google deal was a non-exclusive licence/acquihire, but Character.ai’s CEO subsequently said its investors had been bought out: https://techcrunch.com/2024/10/02/character-ai-hires-ex-youtube-exec-as-cpo-says-will-raise-money-next-year-with-new-partners/ . Does that earlier investor exit count here, or does the purchase answer require acquisition of the company? No position.

An Update on Character.ai

Today, we’re sharing that Character.ai has initiated a voluntary Chapter 11 bankruptcy process to facilitate a court-supervised sale of the company.  Over the past year, we’ve taken meaningful steps to sustain and improve our business amid significant legal, regulatory, and operational headwinds. After a comprehensive review

This can be resolved: https://www.cnbc.com/2026/10/13/character-ai-chapter-11-disney-bid.html

@0482 Yeah, please resolve to "bankruptcy", seems pretty clear :-(