Starry files for bankruptcy

A year after completing its special purpose acquisition with FirstMark Horizon Acquisition Corp. to go public, Starry Group Holdings, an internet service provider, said Tuesday that it filed for bankruptcy in efforts to reduce its debt while maintaining customer and network operations in five cities.
Under its pre-packaged Chapter 11 restructuring agreement, the Boston-based company said it is working with lenders “to move swiftly through the restructuring process.”
In the past year, Starry’s share price has gone from nearly $11 per share down to pennies, with over 6 million shares changing ha

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